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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 3, 1972, Lethbridge, Alberta Thunduy, February 3, 1772 THE LETHBRIDCt HERALD 17 Gold stocks down after strong gain TORONTO (CP) Gold is- sues on the Toronto stock mar- ket, which poslod strong ad- vances Wednesday, moved lower although most other sec- tors were higher in active mid- morning trading today. The industrial index was up .39 to 198.10 and base metals .21 to 86.44. Western oils were down .30 to 221.61 and golds 3.11 to 103.53. Volume by 11 a.m. was 1.01 million shares, compared with 1.15 million at Ihe same Lime Wednesday. Advances outnumbered de- clines 162 to JOG with 194 issues unchanged. Banking, beverage, food proc- essing, real estdte and mer- chandising stocks moved mod- erately higher. Oil refining, gen- eral manufacturing, steel and pipeline issues drifted fraction- ally lower. Budd Automotive was up to Toronto Star B to Western Canadian Seed to Falconbridge Copper Vi to Sll'.i and International Utilities Vz to fWi. Inco rose to Trans- Canada PipeLincs to Westcoast Transmission !1 to Moore to ?43 and Decca Resources 10 cents to Guh" Oil fell to Impe- rial Oil to 532, Mclntyre to Numac V.i to Bethle- hem to and Alcan to flS'.i. PRICES LOWER MONTREAL (CP) Prices were lower in all sectors except banks in light trading on the Montreal stock market today. The bank index rose .58 to 273.06, while industrials declined .48 to 198.65, utilities .31 to By Gene Fawcelle POLLUTION, DECREASING RJEt SUPPLIES AND PROBLEMS WITH NUCLEAR POWER COULD BE SOLVED BVSATELLITES BEAMING SOLAR ENERGrTO EARTH AS MICROWAVE POWER. THIS WOULD THEN BE TRANS- FORMED INTO ELECTRICITY FOR USE IN CONVENTIONAL POWER SRIDS... THEOftfrKAUVKASIBU, SO WOK POO SUCH WHEH THE COMING SPACE STATIONis purmORBIT.' 164.37, papers .20 to 88.10 and the key composite index of 85 stocks .35 to 1M.95. Combined volume on the Montreal and Canadian slock exchanges at II a.m. was shares, compared with shares at the same time Wednesday. International Ulililies gained 1 to Credit Fonder 1 lo Rapid Dal a Systems to SlO'a and Bank of Nova Scotia lo S3V-li. Iiniwrial Oil was down to Hudson's Bay Oil to Canada Packers Vz In and MacMillan Dlocdel Vi to SLOW TRADE NEW YORK (AP) Stock market prices gave up an early n.odest gain and slipped lower today. Trading slowed from its early active pace. The noon Down Jones average of 30 industrial slocks dropped 1.80 to 904.05. Declines held a small lead over advances on the New York Stock Exchange. Among Canadians, Hudson's Bay Mining advanced to ?221i: and Mclntyre Porcupine lo Dome Mines declined to and Distillers Sea- grams Vi to On the American Slock Ex- change, Scurry Rainbow Oil losl lo Canadian Marconi al and Brascan Ltd. al bolh gained !i. New family fares plan MONTREAL (CP) Air Can- ada announced Wednesday it will introduce a new family va- cation travel plan belween Can- ada and Ihe United Slates which will include diseounls as high as for a family of four from the normal return economy fares between Toronto and Los Angeles. The new family fare, subject to government approval and to become effective March will be available to lamily groups of Ihrce or more. One member must be a parent. Children may range in ago from two to 21. Under the plan, a husband and wife with one child aged two lo 11 years will be able to travel between Toronto and Los Angeles for a return air fare of a saving of S279 from nor- mal economy fares. A family of lour, Including husband, wife, one child aged lu'o to 11 years and one from 12 lo 21, will save SJ40 between Ihe same two points. Here are the ANSWERS for your NEWS QUIZ PART I: 1-b; 2-c; 3-False; 4-a; 5-c PART II: l-d; 2-c; 3-e; 4-b 5-a PART III: 1-d; 2-0; 3-e; 4-b; 5-C PICTURE QUIZ: Queen Margrethe II 5T PAYS TO LEASE! O Leasing frees your working capital Leasing provides reliable transportation al low cost You just sign a contract and pay ONE regular monthly fee Your lease can include maintenance, licence and insurance coverage Contocl BORIS KORE5HENKOV, Leasing and Insurance Dcpl. BENY AUTOMOTIVE ENTERPRISES LTD. 2nd Ave., 9lh Si. S. Phone 327-3147 HOSPITAL ADMINISTRATOR (DISTRICT) IHE HOSPITAL DISTRICT Cnloaiy Aurilinry onr! Nursing Home Dish id No. 7, owns and nprrnlCi tlircp auxiliary hospitals one! one nursing homo, with o combined hed capocily of 62? bock. THE POSITION Districl Administrator, Ihe senior position in tlie ornnnizotion, rrspnnsihle In line Board for nil phases of mnnngcrntMil. of disfricl's facilities, including planning of fulurp fncililinn ond programs. THE PERSON A qradualn ol o recognized program in Hoipi- tal AdmimMrolioii wiln snvcrnl yoars experience as a senior hospital rxrculivo, wjlh proven administrative nbilily. Must be progressive nnd respond positively lo challenges. Applicants should stole salary expected, lend a resume' marked 'Confidential' to. AAR. G. HO LEM, Chnirmcin of Tho Board, Calgary Auxiliary Hospital A Nursing Homo District No. 7, 6909 Mth Slroct S.W., Calgary, Alhcrla. Miscellaneous notations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID Oil SALE a.m. Quotes) In Mutual 5 75 t.V) Accum 5.77 6.3J Mul Gr Fund 5.76 fi.33 Nal Resources 7.19 7.06 NW Finance NW Growth Prln Growth .fid 5.09 Royfund Temp Growih Un Accum Unlv Saving VANCOUVER 13.00 575 A OQ 3.90 fl.m. Ouoles) WESTERN OILS Almlnox A.I Alia Gas 6.1 Asamera 19.S Ashl.ind DP Oil G3S Can South Cdn Ex GBS Cdn Homesld Cdn Home Ptd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charier Chlcflan Dome Pole Gl Plains Gl Cdn Oil Lochiel North Cdn Oil .63 5.00 9.00 33.25 3000 5.JO 1.7J 5.90 Mu, iac Cdi Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Ranker Scurry Spooner Seibcns Tolel Pele a.m. Quotes) Hud Bay OH a 75 Hud Bay ON Pld 5135 Hugh Russell S3.DO i Husky Oil 16.50 Husky Oil B 47.25 Husky Oil War 6.00 Inler Prov Pipe Inter Prov Steel Kaiser MGF Manage Pacific Pete Rainier TelecJynr West Cdn seed While Yukon CALGARY Atroll Barons Oil Madison North Cont Wesl Warner PIPE LINE STOCKS 9.00 4.10 3.75 31.50 A 37 7z 5.00 575 12.50 Anuk MINES Artie Mining Atlas Explor Bath Horse 50 Brcnda Church Copper 15 Croyden Dankoc 50 Dolly Verden Dynasty For I Rellfli 10 .42 1.12 5.15 .65 1.11 .72 .72 1675 1775 1.21 9 35 6.90 1.4B 6.75 10.75 W .Decalla West Pele MISCELLANEOUS INDUSTRIES Aquatalne Cdn Brew A Cdn Bre B Cdn Pacific Inv Crowsncsl Ind Cygnus A Cygnus fl Faicon Copper Genslar Home A Home B Hud Bay Co Alia Gas Tr A 5J.25 Mascot Alia Gas Tr Pld 7B.12Vi nranisle Alia Nal Gas 22.00 Kam copper In Nal Gas 14.00 Nor and Cent Gas Id.50 i vtlon Min Nor and Cent B 3075 pj-imer Gaz Metro 6.50 pvramid Gaz Metro A 6B.OO Trans-Cda Pipe 39.50 Trans-Cda Pld B 43.00 Troian Trans-Cda A 73.00 vallev Cocoer Trans-Cda P War 12.67.Vj Wesl Resources Wesl WtV5 MUTUAL FUNDS GrS All Cdn Com fl.67 9.48 B.C. Sugar Pfd Al Cdn Divi 96010 SB Cap Inlcr All Cdn Vent 3.65 4.41 Crest For Ind 1 Amer Gr Fd 6.6B 7.3-1 Grower's "B" AGF Special 3.36 Key Industries Cdn In Fund 5.0B 5.57 Hys Coll Mutual 6.65 7.30 Inler Brew Comm inter 14.1] 15.51 Inter Mariner 6JS Comm Lever 3.70 4.07 Ok Helicopter Corp Invest 5.99 6.5J PflC Wesl Air 11.50 corn In SI Fd 5.16 5.64 Slam Int'l Res 15.35 Drey Fd U.S 12.78 14.01 OILS Gi In Shares 3.B7 4.26 Albany Oils 33 50 Gr Equily 7.IB 7.89 Plains Pele 19.62V2 In Gr Fund 12.04 West Explor 9.90 1.50 .12 3.60 30.35 U.OO fi.25 5.07V 30.75 Grain price review Winnipeg Grain WINNIPEG (CP) Oilseed prices continued lo Hucluale at mid-session on the Winnipeg Grain Exchange today, with gains of an much as two cents Livestock Calgary livestock CALGAHY (CP) Receipts at the Calgary livestock mar- ket to 11 a.m., about head; mostly mixed grades and classes of slaughter catLle. Trade was moderate Slaughter steers were fairly steady; heifers were steady until choice kinds scarce; ccnvs were uneven with good kinds barely steady and medium and canner kinds steady; bulls wore steady. Choice slaughter steers 34.50 to 34.80, good 33.75 to 3J.50, medium 32.50 to 33.50. Choice heifers 31.50 to 31.70, good 30.50 to 31.50, medium1 29 to 30.50. Good cows 22.25 to 23, medium 21.25 lo ?2.25, earners and cut- ters ID to 21.25. Good bulls 25.50 to 27. Replacement cattle were scarce and selling at steady prices for quality. Slock calves met a good demand at fully steady prices. Good feeder steers more UIEII 750 pDunds 34 lo 36. Good stock and feeder cows 21 to 24. Good stock steer calves 3D to 42.50. Good stock heifer calves 33 to 3C. Hogs base price 28.25. A few lambs sold higher Wednesday at 23.50. Beef futures WINNIPEG (CP) Live beef futures close Wednesday. Mar 35.00; May 34.00; Jly 33.00N. Tuesday's volume: 12 con- tracts. PRICE UP The cost of new houses In Britain rose 11 per cent in the last year. in some futures and losses of one cent in other months. The nearby futures in rape- seed continued to be fractional- ly lower because of uncer- tainty about deliverability brought about by recent delays in moving grain through the west coast. Oats were steady in a light volume of trade and barley ad- vanced fractionally on some domestic shipper buying. Rye was fractionally easier. Volume ol trade Wednesday included bushels of flax. of rye, of Van- couver rapeseed and of Thunder Bay rapeseed. Mid-session prices: Flax: May higher July 1 lower 2.55B; Oct. Vt high- er 2 59V2A. Rapeseed Vancouver: March lower 2.553sA; June 1 higher Sep. 2 higher 2.45ia3. Rapeseed Thunder Bay: May unchanged 2.35V2A; July lower Oct. not open. Oats: May unchanged' 68A; July not open; Oct. unchanged 70. Barley: May higher l.WliA; July not open; Oct. Vi higher Rye: May V, lower July Vz lower Oct. not open. Grain quotes Wednes day (basis High Low Close Flax May 233E'a 259 259 Jly 256% 255% 256 Oct 259 Rape seed Mar 256Vj.. Jun 245V4 Sept 243'A Rapcsccd Thunder Bay May 237 Jly boot 235 Oats May 68 68 Jly 68 li Oct 70 Barley May 103% Jly lOSTa Oct 109 Rye May lOUs lOUi 10114 Jly 98% 99 Oct 101V4 Business Spotlight Home prices vary in major cities TORONTO (CP) Home prices vary widely across Can- ada. One resull is that an em- ployee being transferred from one city to another may, in some cases, wind up paying al- most Iwice as much for a house of the same size and quality as he had previously. A. E. LePage Ltd., a Toronto real estate firm; has surveyed home costs to provide a guide to personnel managers of firms which assist employees in relo- cating. Frank Hodges, manager of corporate relations for the firm, said an employee or executive being transferred from Toronto to Montreal ran expect to pay 25 to 40 per cent less for compa- rable housing. The family mov- Toronto, industrials (Supplied By Richardson Scciirilics of Canada) LAST RID OR SALE a.m. Quotes) (11'DO a.m. Oucies) a.m. Quotes) MINES Acme Advocate Asb. Akailcho Brfllorne Broulan Chlmo Coin Lake CQChenour Deei Hn Dome Mines Discovery Mines Frobex First Marltlmes Ginnl Y.K, Headway R.L, Holllnger Hydia Ex. Iron Bay Joliel Quebec Key Anacon Labrador Lake Shore Langi5 Silver MadsenR.L. Malartic G.F. Martin McNeely Maclnlyre Mela Mldrlm Inler Mogul New WesT Home New Aihona New Calumet W. Horse Copper Noranda Norlhgate Norlex Oiisko Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherrllt Gordon Silver Miller 925 7.50 .11 39 CO 3.00 .16 10.00 9.10 U .22 2.C5 35.00 425 75.00 .11 2B.OO 36.00 3.00 .11 1.31 .V 1650 70S 14.50 .OS'A Sleep Rock 2.40 "ieK Corp, i.SD Texmont Upper Canada 2.12 Western Mines 3.15 i Wright Hargreaves Willroy LOS INDUSTRIALS Abillbl B Alcan 19 Algoma Steel Atco Ind Allan Sucar Agra Ind Bell Tel Drezil Trac B.C. Tel Burns B C.ForesI B.C. Sugnr Bow Vsltey Cdn Brew ChemceM Col Cellulose Cal Power Coron Credit C.W.N. GBS Cdnindusl Canada S S Cdn Marconi Cdn Vrckcrs Chrysler CPR Cominco Cons Both Cons Gas Cdn W.N. Gas Dist 11.00 7 00 1075 4S.50 31.37'. 6 J.I 2' 1.'- 75 rnlar Dom Textile Dom Slores Dome Pele Dolasto CAB Fd ot Amer Gt Cdn Oil 1.15 13.121. 1600 JO CO 3.95 1225 31.75 1.1 871 26.121 9.25 2000 23.75 3725 13.S5 21CD 15.25 J3.75 Gen Motors Gl Lael-5 Pap Guir Oil Cda SU Huron, Crip Hiram Walk Imperial Int NicVel In! Pipe Inv Gp A Inl Uhliies Laurentide Kelly Doug A Lceblaw A Meiro Stores Ferg McMillan Bloe Moore Corp W.olsons A Molsons B North, Cc-nt Cnrp Price Co i Roihmans St Law Corp i Schll CDA Simp Sears Sieti of Can i Selkirk A Texnco Traders GR A Trflr.E MtnPp Trans Can Pp 17.CO 28.1 2W J.75 !9.iO 47.25 31.25 31.25 37.10 9.50 47. 1 S 13. 03 27.75 22.75 22.10 6.15 7.12V? B.OO 18.37V2 21.00 37.1 2 23. DO 31.50 2P.OO 19 Un1 GES Uni 1-3 Versatile tf.fg V.'estc-El Unicn Csr Westcn's B Woodward's A Wost Cdn Sd Zenilh Elec BANKS Can Imperial 'i Montreal "i Nova scolla Royal Tor-Dom 39.50 1J.SD 512'A 16.75 1475 1B.OO 2625 6.25 :.eo 39.50 22.25 37.25 33. 6! 35.00 New York stocks Amr T nnd T Anaconda Belh Sleel Chrysler Comsat Duponl Gen Motori Gulf (Supplied By Richardson Securities ol Canada) 100.50 it N.J. 7612' 31.50 Texas 31.50 Texas Co 62.00 Wicks Corp 158.50 Woolwcrlh Wesl Flee t U.S. Slecl 24 TORONTO AVERAl 20 Ind 197.71 U C 30 Golds 181.36 off 5.3B "3 10 Base Met Bd.12 oil .11 15 West Oils 271.15 ott .76 Voume NEW YORK AVERAGES 30 Ind 90J 05 off 1.80 20 Rails 253.3B oft l.PB 15 Ulll 115.67 up .10 65 Slocks 315.55 off 1.0B Volume Ing from Toronto to Ottawa pays 10 to 15 per cent less and lo Vancouver about 10 ]KT cent less. He said the gap between Toronto and Vancouver is nar- rowing. LePage and (he Canadian Real Estate Association sur- veyed resale and new-home sell- ing costs in major cities across Canada. During the first three quarters of 1071 Uic average was Kitchener, Ont, with an aver- age of was at the top among cities and Saskatoon at the bottom with an average ot during the January-Sep- temlwr period of last year. Toronto had an average of but not all Ontario com- munities had expensive housing.. London's average was and in Windsor it was Hamilton, which is part of the urban belt that includes To- ronto, was close lo the national average with S24.014. Cities in the Prairie and At- lantic provinces generally were below the national average. Av- erage prices in these areas in- cluded: Regma, Winni- peg, Edmonton, Calgary, Halifax, and Saint John, N.B., The average in Montreal was well helow the average in Quebec City. Ottawa's average was S29.040 and in Vancouver it was Ths mobility of Canadians is difficult to define statistically but one measure is the report on family allowance statistics. These figures showed that about all were home laat year. The number that moved waa one-quarter of the total receiving family allowances. Of the families with children ttiat moved, about eight per cent moved to between prov- inces. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board. Edmonton: 28.05, evcraga Wednesday 28.53. Red Deer: 28.25, average Wednesday 23.63. Calgary: 28.25, average Wed- nesday 23.50. Lelhbridge: Nil, average Wed- nesday 28.34. Lloydminsler: Nil, average Wednesday 27.05. Grande Prairie: Nil, average Wednesday 27.57. Total hogs sold aver- age 19.35. Wife charged CALGAHY (CP) Cheryl Shingoose 25, of Calgary was charged with non-capital mur- der in provincial court and re- manded to Feb. 8 in custody. She was charged after her husband, Harold, 31, died in hospital Saturday from slab wounds tv? suffered early Fri- day. An earlier charge of attempt- ed murder was withdrawn. a 5ysfe; 1003 4lh Avenue 5., lelhbridge Telephone 328-4426 a JLjata focessina Ser ervces CORRECTION The following item which appeared in the Wednes- day, Feb. 2nd edition of Ihe Herald, page 5, should have read as follows: GROUND COFFEE Edwards Fine, Regular or Electric Perk, vac. packed .95 CANADA IAFIWAY LIMIIID MCGREGOR LORD co. CHARTERED ACCOUNTANTS Wish to announce Ihe admission to partnership of W. ROBERT JACOBSON, B.Comm., C.A. The firm will continue to praclice under Jhe name of MCGREGOR LORD co. 7lh STREET SOUTH tETHBRIDGC P.O. BOX 940 TELEPHONE 350.4691 "In November, we said that when the capital gains tax became law, we'd have the facts for you. Now we do." "Are capital gains a problem? We can help j'ou. We have all the facts and more. We have a computerized system designed specifically to provide the personal tax records you will need. This complete service is available to you." For more information please call 328-5516. W. E. Mundcll Manager, Branch Royal Trust ;