Lethbridge Herald (Newspaper) - February 7, 1973, Lethbridge, Alberta
XZ - THE U-THBRIDGE HERAID - Wednesday, February 7, 1973 Sharp gains made in TSE trading U.S. faces TORONTO (CP) - Extending Tuesdays upward session, prices on the Toronto stock market recorded sharp gains in moderate mid-morning trading today. The industrial index, considered a major indicator of market trends, was up 1.05 to 224.34, golds .12 to 223.06, base rnecals .42 to 99.69 and western oils. 07 to 284.92. Volume by 11 a.m. was 787,-000 shares compared with 882,-000 traded by the same time Thursday. Among sectors of the market recording the best advances were bank, beverage, oil refining and general manufacturing stocks while chemical and trust and loan issues were the only sectors -registering losses. Advances held a strong lead over declines, 163 to 100, while 220 issues remained unchanged. Kaiser records big loss VANCOUVER (CP) - Kaiser Resources Ltd. reported Tuesday a net loss of $13,020,000 or $1.30 a share, including an extraordinary charge of $7,363,000 or 74 cents a share, for the year ended Dec. 31, 1972. The extraordinary charge was attributed to writedowns announced in December-$4,734,-000 to the company decision to sell a 54-cubic-yard dragline, and the balance to equipment and facilities no longer used at Kaiser's recently - modified Elk-view coal preparation plant in southeastern British Columbia. S. A. Girard, president and chief executive officer, said that "excluding the extraordinary charge, 1972 operations resulted in a loss of $5,657,000 or 56 cents a share on sales of $81,657,000 compared with a loss of $15,-348,000 or $1.53 a share on sales of $68,934,000 in 1971." The 1972 results reflect favorably year-end adjustments of $2,269,000 related principally to revaluation of inventories and revisions in certain cost provisions applicable to operations throughout the year. Mr. Girard said: "While the company has made progress in reducing its losses, significant further improvement in the first half of 1973 is not anticipated." Prospects after June 30 will depend on Kaiser achieving satisfactory agreements with its lenders and Japanese coal customers concerning sales contracts and financing requirements, he said. During 1972, Kaiser shipped 4,045,000 long tons of metallurgical coal to Japan compared with 3,622,000 long tons in 1971. The Ontario .Securities Commission issued a 15-day trading ban on shares of Lake Ontario Cement Ltd. No reason was given. Chrysler rose I's to $377s, Texas Gulf h'z to $23 Vs, Steinberg's A % to $28%, Royal Bank M> to $34% and Cominco % to $29%. Dome Pete fell % to $45%, Ronalds-Federated Vz to $2512, Van Ness four cents to 71 cents, NSI Marketing % to $5% and Foodex % to $9%. Placer climbed % to $52 while Hudson Bay Mining and Smelting dropped Vz to $22 Vi. MONTREAL (CP) - All sectors except papers advanced in moderate trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges, at 11 a.m. was 488,100 shares, compared with 656,000 at the same time Tuesday. Banks gained 1.78 to 271.78, industrials 1.21 to 250.00, toe composite 1.07 to 235.11 and utilities .27 to 160.99 while papers dropped .32 to 113.14. On the Montreal Stock Ex-change, Dome Petroleum dropped 1% to $45%, Metropolitan Stores 1 to $24 and Canada and Dominion Sugar 1 to $29V2 while Cominco gained 1 to $29y4. On the Canadian Stock Exchange, New Insco mines gained six cents to $1.68 on 55,-250 shares. NEW YORK (AP) - The stock exchange moved ahead today, led by the blue chips in active trading. The noon Dow Jones Average of 30 industrials was up 2.48 at 932.39. Advancing issues on the New York Stock Exchange led the decliners at 752 to 430. On the New York Exchange, 79 and Genstar and Mclntyre Porcupine eased fractionally. Alcan gained %, Distillers Seagrams and Massey % each and International Nickel y4. On the American, small fractions were added by Brascan, Canadian Javelin and Nconex. Preston dipped Va. Small lumbering firm to close GRANDE CACHE (CP) -Kakwa Logging Ltd., a small lumbering operation which employs about 40 Metis and Indian workers, will close March 31' when timber leases run out, Lloyd Bossert, president of the Grande Cache Chamber of Commerce, said here. Closure of the small company will create additional problems for this community about 200 miles northwest of Edmonton, already riddled with problems caused by announcement that 150 men would be leaving the Mclntyre - Porcupine Co. Ltd., underground mining operation. Value'Villag Due to the recent fire A Temporary Office will be open from 9-5 2318 10th Ave. S. Phone 328-1751 - 328-5643 summer shortage gas Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, McCuaig Limited) LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes! (11:00 a.m. Quotas) WASHINGTON (AP> - The United States, a country that runs on oil, ran short this winter, and might just run short of gasoline this summer. Shortages already have forced a partial lifting of oil-import limits, and the Nixon administration is known to be considering changes that would lift the lid even higher. Official explanations of this winter's fuel shortages emphasized increasing oil usage because of cold weather, Midwest grain-drying and a jump in gasoline consumption. But industry and government spokesmen admit to far more basic problems: practical production limits in the oil fields and a deep stagnation of refinery construction. The domestic oil industry simply can't keep up with demand. In 1972 it concentrated on gasoline, and the fuel oil ran short. Efforts to rebuild the fuel-oil stocks make a gasoline shortage this summer "entirely possible," a major oil company spokesman said in a recent interview. WESTERN OILS AND MINES Alta East Gas 10. Alminex 6. Asamera 13. Ashland 15. BP Canada 20. Brenda Mine* 5. Can South 6. Cdn Ex Gas 4. Cdn Homestd 9. Cdn Incl Gas Oil 10. Cdn Long Is Cdn Super Charter Chieftan Dome Pele Dynasty Port Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Min Noble Mines North Cdn Oil Numac Pancdn Peel Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Spooner Total Pete 8. Ulster 1. West Pete 10. W. Decalta 6. MISCELLANEOUS INDUSTRIES Acres Ltd 17. Aquitaine 29 8C Sugar Pfd 15. Block Bros 3. Brlnco 5, Cdn Brew A 28. Cdn Brew B 33, 00 85 25 87Vj 25 25 70 50 80 35 35 50 00 ,00 37'A 75 311/2 65 00 50 10 50 46 53 55 :o 37V'2 37'A 55 .30 73 .52 .25 .75 00 .66 .60 .16 )2'/i 45 Crowsnest Ind Cygnus A Cygnus B Falcon Copper F and. M Trust Genstar Home A Home B Hud Bay Hud Bay Hud Ba Hugh Husky Husky Husky Husky Inter Co Oil A Pfd Russell Oil B Ptd D War E War Prov Pipe Seed Min Pfd Cdn Pacific Inv 27 Crestbrook 75 .25 50 10 .62V2 75 .50 .37"? 87V2 Inter Prov Steel Kaiser Res Loblaw C Pfd Magnasonics Pacific Pete Pac West Air Rainier Inc Royal Trust St Maurice Cap Standwell Teledyne West Cdn Westfield Weston A White Yukon PIPE LINE Alta Gas A Alta Gas Pfd Alia Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Trans Ccla Pipe Tr Cda A Pfd Tr Cda B Pfd Tr Cda War WC Trans WC Trans Wts All Cdn Com All Cdn Divid All Cdn Vent Amr Gr F AGT Special 26.00 7.75 7.75 13.87Vj 8.25 17.37V2 42.00 39.00 19.50 Si .871/2 59.75 49.00 22.00 43.00 8.15 9.15 12.75 16.50 2.05 30.62V2 16.50 42.00 10.37>/i .175 54.25 1.20 4.80 4.95 6.0O 1.44 62.00 14.25 STOCKS 17.12V2 73.25 22.25 12.75 11.50 25.00 13.00 4.85 41.50 76.50 41.75 10.25 22.62 V; 4.85 8.46 9.25 9.19 10.04 4.36 -1.77 6.24 6.85 3.33 5.32 7.03 15.38 4.16 8.35 6.43 5.57 )2.36 5.00 4.32 9.15 12.92 6.04 6.35 4.32 8.30 5.74 5.68 7.10 8.62 5.62 8.39 6.24 7.75 Cdn In F Col .Mutual Cmnw Inter Crtinw Lev Cmnw Vent Corp Invest Corp In St F Dreyfus F U.S. Great Pacific Gr In Shares Gr Equity Invest Gr F Invest Mutual Mutual Ac Mutual Gr F Nat Res N W Cdn N W Gr Royfund Temp Gr United Ac Universal Sav Univest Vanguard CALGARY Acroll Barcns Oil N Continental West Warner VANCOUVER MINES Afton Atlas Explor Bath Norse Croydon Dankoe Davenport Dolly Varden Equltorial Res Lornex Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Caot .Infer Columbia Brew Hys Cdn Key indust OILS Albany Oils Plains Pete Stampede Intl West Explore Res 5.83 7.71 16.90 4.57 9.18 7.06 6.12 13.55 5.47 4.75 10.05 14.12 6.60 6.98 4.75 9.07 *.31 6.24 7.39 9,42 6.18 9.22 6.85 8.49 .85 .021/2 .02 .30 7.60 .54 .82 .05Vi .62 .60 .28V2 .18 8.55 .30 .21 '2 .75 0.25 3,05 3.25 4,.r.5 .33 1.29 .33 .78 .07 Livestock Calgary livestock CALGARY (CP) - Receipts to 11 a.m. today on the Calgary public stockyards showed sales of 875 head, mainly steers and heifers. Trade was strong and active. Slaughter steers sold fully steady to strong, heifers were fully steady with sales to 36.60. A large percentage of the steers and heifers went to export order as feeders for further finishing. Cows traded on a strong and active basis and prices were $1 higher. Bulls scares and steady. Steers Al and 2 39.50 to 40.30, A3 33.50 to 39.25. Heifers Al and A2 35 to 36, A3 34.50 to 35. Cows Dl and 2 26.25 to 28. D3 25.26, D4 21.50 to 25. Good bulls 30.33. Replacement cattle were mainly fleshy steers weighing more than 1,000 pounds and heifers in the 800 - 900 pound range selling steady. There were insufficient stock calves on offer to establish a market. Good feeder steers over 750-pounds 38 to 42.80. Good feeder heifers 34 to 36.70. Good stock and feeder cows 23 to 29. Hogs sold fob Calgary to 11 a.m. average base price 45.40. Gold futures WINNIPEG (CP) - Gold futures, U.S. funds, Winnipeg Commodity Exchange Tuesday. Apr 73 - 70.15B; Jly 73 - 71.25B; Oct 73 - T2.30B; Jan 74 - 73.35B. Monday's volume: 16 contracts. Toronto mines* industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE (11:00 a.m. Quotes) 01:00 r.m. Quotes! (11:00 a.m. Quotes) MINES Norlex .27 Cable 17.87V2 Acme .20 Osisko .22 Glendale 12.50 Advocate Asb. 1.38 Pine Point Placfr Dev. 28.75 52.75 Grt Cdn Oil GM 9.55 75.121/5 Akaitcho .64 P.C. Exp! 3.00 Grt Lakes Pp 21.62V2 Bralorne 2.55 Quebec Man .11 Gulf Oil Cda 38.00 Broulan .35 Rayrock 1.01 Greyhound 21.50 Bethlehem 16.62V2 Radiore .38 Hawker Sil 4.20 Brunswick 4.10 Rio Algom 21.00 Huron Erie 33.00 Can. N.W. Land 9.40 Roman Corp. 6.95 Hiram Walker 51.50 Canada Tung. 1.87 Shorritt Gordon 16.50 Imp Oil -17.25 Cassiar 13.25 Steep Rock 1.96 Imasca 30.25 Central Pal. 1.17 Tek Corp. 4.40 Int Nickel 33.371/2 Chimo 1.36 Texmont .301/2 Int Pipe 28.75 Conwest 6.60 Upper Canada 2.75 Inv Grp A Int Util 12.37'zi Cons. Rambler 3.45 Western Mines 2.66 23.00 Coin Lake .10 Wright Hargreaves .90 Ind Accept 19.50 Cochenour .42'/2 Wlilroy 1.12 Kaps 10.62' 2 Craigmont 6.45 Windall .08 Laurentide 12.37V2 Dickenson Mines 2.35 Yellowknife 8ear 3.75 Kelly Doug A 8.00 Denison Mines 29.371/j Zenmac .08 Loeb 5.37V2 Deer Horn .06 INDUSTRIALS Loblaw A 5.87V2 D'Eldoti3 .49 Abilibi 11.50 Met Stores 25.00 Dome Mines 79.00 Alcan 25.37'/: Massey Ferg 20.62V2 Donalda .32 Algoma Steel 14.871/2 McMillan Bioe 28.00 Discovery Mines .72 Atco Ind 12.00 Moore Corp 51.121/2 East Malarlic 2.34 Atlantic Sugar 6.50 Molsons A 29.62V2 East Sullivan 7.166 Aqra Ind 13.00 Molsons B 29.00 Falcon bridge 69.50 Bell Tel 44.25 North & Cent 11.50 Frobex � 2?'/2 Brazil Trac 20.00 Power Corp 12.75 First Maritlmes .40 B.C. Tel 56.75 Price Co 15.371/j Giant Y.K. 7.10 Burns 18.50 Rothmans 17.00 Granduc 3.60 B.C. Forest 29.62 Vi St. Law Corp 19.62V2 Hollinger 44.00 B.C. Sugar 21.25 Shell CDA 58.62V2 Hudson Bay M-S 23.00 Bow Val Ind 48.25 Simpson's 30.25 Hydra Ex. .17 CAE Ind 11.12'/! Simb Sears 50.12V2 Bovis 2.40 Cdn Brew 6.00 Steel of Cda 34.62V2 Iron Bay 3.90 Chemcell 4.20 Selkirk A 14.50 iso 2.69 Col Cell 3.00 Texaco 66.50 Joliet Quebec .25 Calgary Power 28.25 Traders Grp A 20.53 Kerr Addison 11.25 Coron Credit 1.80 Trans Mtn Pp 23.121/2 Key Anacon .251/2 C.W.N. Gas Pfd 11.121/2 Trans Cda Pp 41.75 Labrador 43.00 Cdn Ind " 15.50 Union Gas 12.50 Lake Shore 2.75 Cdn Marconi 4.80 Union Oil 2C.00 Langls Silver ,05 Cdn Vickers 13.871/2 Versatile Mfg 6.62'/) Madsen R.L. .64 Chrysler 36.871/2 Westcel 29.00 Malartic G.F. .74 C.P.R. 16.25 Union Carb 17.50 Martin McNeely .10 Cominco 29.00 Weston's B 18.12V2 Maclntyre 45.00 Cons Bath 19.00 Woodward's A 30.00 Meta .10 Cons Gas 17.62V2 West Cdn Seed 6.12 Vs Midrim .12 Dist Seagrams 41.25 Zenith Elec 2.65 Mogul � 13.62V2 Dom Bridge 32.50 BANKS Nu West Homes 9.50 Domtar 19.25 Cdn Imp 32.50 New Athona 18 Dom Textile 9.75 Montreal 20.75 New Calumet. .27 Dom Stores 15.50 Nova Scotia 35.75 Noranda 47.12V2 Dome Pete 45.75 Roypl 34.67V2 Northgate 5.70 Dofasco 27.50 Tor-Dom 33.75 Neiv York stocks (Supplied By Richardson SecttriH.es of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont G M Gulf Int Harvester Kenn Copper Montgomery Ward 51.50 20.62'/2 26.50 32.871/j 54.25 173.75 75.621/2 26.12V2 32.75 25.25 23.37V2 Sears X-Ron Texas Gulf Texas Co Wickes Corp Woolworth 113.37V2 20 Golds 222.92 off 91.871/2 10 Base Met 99.78 up 123.25 15 W Oils 284.95 up 39.871/2 Volume 1,344,000 22.75 24.00 NEW YORK AVERAGES .02 .51 .10 Westinghouse Eloc 39.75 30 Indust 982.39 up 2 48 U.S. Steel 30.25 20 Rails 204.04 up .16 SSoJ^L Ele.cw.--2BJ2V2 15 ut�l'ies "4.10 up .64 TORONTO AVERAGES 65 Stocks 311.17 up .81 20 Indust 224.53 up 1.24 Volume 7,940,000 Court decision is expected shortly on pipeline appeal By BRUCE LEVETT WASHINGTON (CP) - Argument surrounding t h e trans-Alaska pipeline project, a $3-bil-lion enterprise smouldering in the courts for nearly three years, is nearing its final stage. The decision of the United States Court of Appeals, which has been pondering the case for six months, is expected at any time. No matter what that decision is, the next and final step is expected to be to the U.S. Supreme Court. The 800-mile pipeline would begin at the North Slope oil region centred on Prudhoe Bay, midway between Point Barrow, Alaska, and the Yukon border. Termination point would be the warm-water port of Valdez, on Prince William Sound, which runs into the Gulf of Alaska near Anchorage. From there, it is proposed the oil travel south past the Alaska panhandle and WESTERN CANADA SCHOOL OF AUCTIONEERING LTD. Canada's first, and the only completely Canadian course offered anywhere. Licensed under the Trade Schools Licensing Act, R.S.A. 1970, C. 336 For particulars of the next course write: Box 687, Lacombe, Alberta or Phone 782-6215 the British Columbia coast by tanker. The principal receiving point would be refineries just south of the BC. border with Washington state-a destination which would take the oil-laden tankers through the Strait of Juan de Fuca, on the doorstep of Victoria and Vancouver. A U.S. federal judge gave his approval last August to the project, acknowledging that the Supreme Court would have the final say, but dismissing all the legal objections raised by opponents. Among the opponents of the Housing starts show increase OTTAWA (CP) - Housing starts totalled 249,914 in 1972, up seven per cent from the 1971 total of 233,653, Central Mortgage and Housing Corporation (CMHC) announced Tuesday. The federal housing authority said the number of single-family detached dwellings put under construction jumped 18 per cent to 115,570 from 98,056 the previous year. There were 103,715 apartment starts, compared with 106,137 tiie year before, 16,980 row housing starts compared with 15,659 and 13,649 starts for semi-detached and duplex housing compared with 13,751 in 1971. Housing completions last year totalled 232,227, an increase of 15 per cent over the total of 201,232 for 1971. project are the Canadian Wildlife Federation and British Columbia Liberal leader David Anderson. Judge George Hart, whose district court had been the scene of sporadic legal battles for about 28 months, accepted a pledge in August from attorneys for the interior department and Alyeska Pipeline Service Co. that "no construction of any kind" would go forward until all appeals were decided. Alyeska also promised to give the conservationists-The Wilderness Society, Environmental Defence Fund and Friends of the Earth, in addition to the Canadian groups-30 days' notice of any change. As Judge Hart had predicted, opponents of the pipeline appealed the case and the judge said, "It can be confidently anticipated that the final decision rests with the Supreme Court." This being the case, he said, he would approve the project and not delay legal process further. He ruled that the interior department had complied reasonably with all requirements of the U.S. environmental protection law and that various land-use permits awarded to Alyeska for its pipeline were authorized by law. Both points had been hotly contested by lawyers for the opposing groups. Since the case went to appeal, there has been no further word j on its status-but latelv, renorts I have been circulating that a de-Icision is imminent. B.C. resources minister plans department changes VICTORIA (CP) - Changes in the department of mines and petroleum resources were pz'omised in the British Columbia legislature Tuesday by Mines Minister Leo Nimsick. He said he planned to "administer the resources in a bus-messlike way" and said there would be a different way of doing business under the New Democratic Party administration. Better recording of claim work so duplication can be avoided and more geologists living on the spot in the miming regions of the province were two of the changes predicted by Mr. Nimsick. Better inspection of mines and safety regulations was another. "Safety will be a big factor," he said. He countered opposition criticism that there was no one in the cabinet now who could speak up for the mining industry with the comment that he "wasn't elected by the mining industry." There was also reiteration of previous government statements about establishing a copper smelter in the province, and processing more of the raw materials here to provide jobs in secondary industries. "I hope it will not be long before there's a smelter in B.C., said Mr. Nimsick. The provincial government will help, but as a partner, not merely as a supplier of outright grants. The legislature also heard detailed criticism of the NDP's proposed automobile insurance plan from Newell Morrison (SC- CFA feed to discuss grain ills By HENRY HEALD Herald Ottawa Bureau OTTAWA - Although wheat is Canadian agriculture's big money earner and major export, it is feed grain that causes farm organizations the most headaches. The Canadian Federation of Grain prices Winnipeg Grain WINNIPEG (CP) - Rape-seed prices were seven to 10 cents below previous close levels in a moderate volume of trade at mid-session on the Winnipeg Commodity Exchange today. Flax prices were about seven cents higher in a good volume while oats and barley worked slightly lower. Rye prices fel nearly eight cents. Volume of trade Tuesday was 208,000 bushels of flax, 2,-581,000 of rapeseed and 2,165,000 of rye. Mid-session prices: Flax: May 7 higher 5.KH2B; July 7:!-.'i higher 4.93%B; Oct. 6J/4 higher 4.76; Nov. 1 higher 4.53. Rapeseed Vancouver: March 7'/2 lower 3.95Vz; June 7 lower 3.87B; Sep. 7% lower 3.78Y4B; Nov. 10 lower 3.44%. Rapeseed Thunder Bay: May 10 lower 3.50; July 10 lower 3.47%; Oct. 10 lower 3.38A; Nov. 10 lower 3.26%A. Oats: May 2% lower 1.18; July 3Vz lower 1.14%B; Oct. 2% lower 1.09%A; Dec. not open. B a r 1 y: May 3% lower 1.48%B; July 3V8 lower I.48V2A: Oct. 27s lower 1.44; Dec. not open. Rye: May 8"s lowre 1.55%; July 7 lower 1.50; Oct. 7V2 lower 1.45-liiA; Dec. not open. Grain quotes Tuesday (basis Lakehead): High Low Close Flax Mav -- - 512 Vi 486 Oct - -- 469% Nov - - 452 Rapeseed Vancouver Mar ' 417 403 403 Jun 403 393 394 Sep 395 385 Vz 386 Nov 359 Vz 354 hi 354% Rapeseed Thunder Bay May 368 Vi 350 360 Jlv 3837-8 347 357% Oct 353 347 348 Nov - - 336% Oats May 123% 120% 120% Jly 121 Vi 118% 118 Vs Oct 115 112V4 112% Dec - - 100% Barley May 153% 151% 152 V.i Jly 153% 151 151% Oct 148 � 146% 146% Dec - - 150 Rye May 173% 163% 163% Jly I66V4 J 57 157 Oct 159% 153% 153'A Dec -- - 155% Hog prices EDMONTON (CP) - Average prices to 11 a.m. today provided by the Alberta Hog producers marketing board. Edmonton: 45.25, average Tuesday 45.93. Red Deer: 45.40, average Tuesday 44.78. P'ort Macleod: Nil, average Tuesday 45.80. Calgary: 45.40, average Tuesday 45.65. Grand Prairie: Nil, average Tuesday 44.88. Lethbridge: N i I, average Tuesday 45.54. Fairview: Nil, average Tuesday 44.85. Lloydminster: Nil, average Tuesday 45.26. Total sows sold 61, average 29.50. Agriculture holds its annual convention here this week and once again the fead grain problem-with all its inter-relations with freight rates, subsidies, livestock prices, U.S. com and overseas potential-is the most divisive item on the agenda. Feed grain policy as the crunch point of East vs West farm policy was evident at the news conference following the CFA board of directors' meeting on Monday. Charles Munro. president of the CFA, said he thought the organization had reached a consensus on the problem at meetings in Ottawa in December, "but ether things have come up since then." He said there is now no accord within the federation on what the government should do. But even if the CFA came up with a consensus, it would still be up to the federal government to make the decision. And Mr. Munro didn't have much hope that action would be forthcoming. He complained that farmers don't have the power to make the decisions on grain policy. It is in the politicians hands. "If we could make the decisions in the farm community, we would make them," he said. "But we have to move through the political system with people who don't understand it." A. Allain, speaking for the Quebec fanners, said the different sectors were far from agreement, but he would await the discussion at the sessions later this week before deciding whether to remain in the CFA. R. Pigeon Quebec vice-president said there was nothins new in the present situation. Farmers often discussed the 67 cent a bushel difference in th-e price of barley in Quebec over the West. He noted the throne speech had promised some solution and he'd wait for that. L. Parker, a Manitoba director, said the new policy adopted at the Canadian Wheat Board should offer grains to all buyers on the same basis. That meant that Eastern buyers would have to meet the same payment conditions as foreign buyers, but they would also be free to purchase imported grams if they wished. E. A. Boden, a CFA vice-president from Saskatchewan, said he was disappointed by the Western decision. "We are trying to make patches on a system that basically won't work." ilo leases purchased EDMONTON (CP) - The provincial government received $1,506,187 in the sale of 30 petroleum and natural gas permits. In the largest individual purchase, Ashland Oil Canada Ltd. and Canadian Independent Ltd. paid $181,944 for 21,280 acres near Milo, 15 miles north of Vulcan. Ashland paid a total of $272, 761 for five leases totalling 34, 6fi3 acres. Victoria), finance critic of the Social Credit opposition and a former auto insurance agent and car dealer. He said the party's promise in last summer's election campaign that it will be 25 per cent cheaper to insure a car with the government plan than with present private schemes appears to be impossible. He said he favored government regulation of the auto in-surancs business but not government competition. The MLA also called for a number of proposals to ensure that the government auto insurance scheme is not indirectly subsidized out of other revenues. None oi the costs promoting, advertising or operating the plan should come from general government revenues, he said, or from gasoline taxes or car licence fees. They should be met "solely from premiums paid by policy holder," and the books of the plan should be presentedAo the legislature each year for scrutiny by the select committee on public accounts. NDP backbenchers also spoke during the continuing debate on the speech from the throne. Jack Radford (NDP-Vancouver south) proposed a home repair assistance plan for the elderly to enable them to fix up their homes and to remain in them, Phyllis Young (NDP-Vancouv-er-Little Mounain) repeated a proposal from the party's women's caucus for a cabinet department of women. "Women want in on the decision - making," she said. Car price gap will be closer By VICTOR MACKIE Herald Ottawa Bureau OTTAWA - Canadian ear prices will come closer to car prices in the United States in 1973 than they have been in the past, Finance Minister John Turner told the Commons Tuesday. He also forecast that Industry Trade and Commerce Minister Alastair Gillespie will seek from the automobile manufacturers a further narrowing of the differential for 1974 models. The question was raised in the House by A. D. Hales (PC- Willington). He said that in view of the fact that Mr. Turner pave the corporations tax credits and tax advantages in his May budget would he explain why he had not insisted that the car makers sell Canadian-made cars at the same prices as U.S.-m^ic-e cars. Mr. Turner said Mr. Gillespie was successful in negotiations with the automobile manufacturers in getting a commitment from them, particularly from General Motors and Ford Motor Company that there would be no raisins of the prices of the 1973 models. To that extent he believed Canadians should see some narrowing of the differential at the manufacturers level between the U.S. and Canadian prices, a differential which presently amounts to 8% per cent. He said there should be some narrowing of that differential in 1973, and again in 1974. Beef futures WINNIPEG (CP) - Live beef futures close Tuesday. Mar - 4J..75A; May - 42.35B; Jly - 41.00A: Sep - 40.00. Monday's volume: Two coi* tracts. COLUMBIA BREWING COMPANY LTD. DIVIDEND NO. 60 NOTICE is hereby given that a quarterly dividend of five cents (.05c) per share on the outstanding common shares of the company has been declared payable March 15, 1973, to shareholder of record March 1, 1973. By Order of the Board H. J. leMOIGNE, Secretary-Treasurer MODULAR HOME DISTRIBUTORS WANTED We custom build, or to our own plans, guarantee six weeks delivery and send our own crew with house lo completely finish for occupancy, a&ove basement level. We give exclusive territory, circularize and provide advertising support, our distributors have the sole sales rights to our modular construction system for homes, duplexes, motels, end condominiums. Enquiries invited from every area. Write in strict confidence to Sales Manager, FINE-UNE HOMES LTD., R.R. 2, AIRDRIE, ALTA. Phone 263-4409 or 288-8135, Calgary.