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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 8, 1972, Lethbridge, Alberta y, February 197! THE LETHBRIDGE HHAID IS TSE gold issues up; others down TORONTO (CP) Cold Is- sues on the Toronto stock mar- ket edged fractionally higher while prices in ether major sec- tors of Llw Toronto slock market turned lower in slow mid-morn- ing trading today. The industrial index was oil .07 lo 1D6.59, base metals .01 lo SG.05 and oils .311 lo 218.46. Colds were up .3-1 lo 175.88. Vo 1 inn c liv II a.m. was compared with al the same time Mon- day. Declines held a slim lead over advances, 125 lo 11G, with 180 is- sues unchanged. Beverage, general manufac- turing, real estate, steel, utility and communications stocks moved lower as 11. of the in- dustrial index's 17 sub-groups posted declines. BANKINC CLIMBS Banking, paper and forest, trust and lo-an and industrial mining issues edged fractionally higher. Walker-Gooderham lost -''a to SM5V4, Baton Broadcasting V? to Bethlehem -Is to Jl'J'.i, Numac Vs to and Skyline Hotels Vi lo 5inz. Burns closes operation REGINA (CP) Burns Food Ltd. will close its slaughtering operation April 23 in Regina, putting as many as 100 em- ployees out of work. In a news release J. F. Turner, plant operations man- ager, said the business has been unprofitable for the last five years and its standards no longer meet requirements of the Canadian and U.S. depart- ments of agriculture Slaughtering operations will be transferred lo the com- pany's Prince Albert plant al- though a beef cooler operation will be maintained in Regina. Joe Gryzb, local president of the Packing House, Food and Allied Workers Union, said Uic closure was not unexpected at the GO-year-old plant. While announcing the clo- sure, the company said it will build a new dairy plant in Sas- katoon. A subsidiary o[ Burns, Scott and National will establish a new branch in Regina. Bums will keep a buying staff in Regius to assure "pro- ducers Lhat there will be no re- duction in their market for livestock." Brascan fell Vi lo Rank to Hudson Bay Mining H lo anti Denison 14 lo 528. Greal Lakes Paper was up 1 to 518, Hudson's Bay Oil and Gas i.i 10 S43, Canadian Equity and Development Lo Patino lo BP Oil and Gas 10 cents lo ?5.55. PRICES HIGHER. MONTREAL (CP) Prices were narrowly higher in light trading on the Montreal stock market today. The bank' index rose .31 to 2GG.40, industrials .36 lo 198.84, Ihe composite .22 to 199.04 and papers .40 to 06.64. Utilities de- clined .29 to 162.41. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares, compared with shares at tire same time Monday. Gains on the Montreal Stock Exchange inclvded Canadian In- ternational Power, up Hi to 527, Great Lakes Paper 1 to Rapid Data Vi to Du Pont lo Inco Vt lo ?313'. and Canadian Breweries to SS-li. Among declines, Consumers was down to ?15, Moore Corp to Brascan lo and Bombardier to SB on shares traded. On the Canadian Stock Ex- change, Capri Mining was up three cents to 37 cents on shares traded. Gaspe Quebec was down two cents to 33 cents in shares traded. SLOW TRADE NEW YORK (AP) Stock market prices moved higher today in slow trading, ending Monday's slide. The Dow Jones average of 30 industrials at noon was up .68 to 904.65. It (ell amost three points Monday. Declines outnumbered ad- vances on the New York Stock Exchange by nearly 8 to 5. Among Canadians. Dome Mines advanced 1 lo In- lernalional Nickel was up to SSl'.'s and Distillers Seagrams advanced Vi to S.WS. Walker Goodcrham slipped to and Canadian Pacific was down Eb On Ihe American Stock Ex- change, Brascan Lid. advancec to Canadian Javelin a and Scurry Rainbow Oil at remained unchanged. Beef futures WINNIPEG (CP1 Live beef futures close Monday. Mar 35.00B; May 34.25B Jly 33.25N. Friday's volume: Nil. Net earnings By THE CANADIAN PRESS International Nickel Co. i Canada Llil., year ended Dec 31: 1971, million, a share; 1970, 520859 million 52.80. Trimac Ltd., nine months ended Dec. 31: 1971, 64.8 cents a share; 1970 51.3 cents. POPULAR CURRENCY Sterling is the currency in which about one-third of the world's Lrade is conducted. folder to learn how you may obtain an IDB loan to assist in starting, or expanding your business any- where in Canada. business anywhere 'INDUSTRIAL DEVELOPMENT BANK South-Tel.: 328-9G81 Miscellaneous quotations Vancouver, Calgary, (Supplied by Holiprlv, McCuaig Limited) LAST BID OH KONG (Renter) production foarrd spcc- Quoles) l.m. Quotes) fl.m. economy broke by 111 per cent to 21 WESTERN OILS Hutl Bay Oil Pld 53.50 MulUBl 5.73 In 1971 and seems tons, power in- Almlncx 5.5" Hutjh Russell 11 M Mulusl Ac 5.72 lo do as well, if not by 1ft per cent, while Asamera H.UVi Husky Oil B .Nal Res 71' oil rose by 27.2 per cent Ashland "OH Husky Oil War 5.IS J'S BP Oil Gal i 70 Inter Prov Pipe 15 M N w 7f r Peking government iron ore by per cent, Can Soull, 4.00 Inlor Prov SIM lhat industrial and to official figures. Cdn Ex Gas 3.'.0 Kaiser Res J 10 Gr 4 la 6 ;J Cdn Homrslii a. BO WGF 5.8! !9 5 B1 Ctln Home Pld 17.50 Pacific Pole 11.75 SBV 7.17 B.M Ctln Ind Gas Oil 9.50 J.K production jumped by about 10 per cent in a dramatic increase for the production, wliich for the Chinese also includes nra Ctln Long li Teledync 525 MINES Cdn Super ?5 West Cdn Iced 5 7S Anuk comprises a qarter potatoes, reached 21G mil Charier 501) While Yukon 12.50 Arclic Mining Chlellan CALGARY Alias Explor tons compared lo tlic 2 If; Dome Pele Acroll .50 Horse Gl plains 29.75 Barons Oil Brenda Gl Cdn Oil S.70 Madison .15 Churchill Copper ,B5 Lochitl norm Cent Croyden .la Norlh Cdn Oil 4.00 West Warner .51 Danko-; -85 [iSmac 1537V, STOCKS Dolly Varden 35 Pan Alla GiiS Tf L FcrT Reliance I Petrol i 34 Al'a Gas Tr L Pld Giant Mascot Ponder N c B' Pfd 29.00 tvllo? Mlnerall Light feeders under 1W )s sold from 20-22 per cwt. 'anger pacHic GflS Trans 13.75 .13 Scurry Rain Gaz Metro pvramin: Bales 945 hogs, feeders over 100 Ibs Spooncr 1.21 Gnz Metro PFd A fiS.OO standard All classes of per Butcher hogs sold Seibens '-T5 lr Cdn P 39 50 Texmont Total Tr Cdn P Pld B .17.00 feeder hogs met very at the Lethbvidge Ulslcr 1 H Tr Crln P Pfd A 73.25 copper 8.75 W. Decella Tr Crin P War 13-75 wc Ros r09 WeM Pele ".00 3B INDUSTRIALS MKlfFL LANEOUS WC wls 10'75 B'nck Bros 3.70 INDUSTRIES MUTUAL FUNDS B C. Sugar 30.50 iHUUSini" cdn Com gM M4QC Sugdr Weaners strong to S2 >cr head [or good qual-ly weaners. Light feeders under 100 Ibs. steady to 28.20-28.60 base price. One randred seventy hogs sold for export price converted lo 22. livcweight. Good lambs Anufliaine Cdri Djvitl ,_fij1 lo !n1er 7.75 Drinco 5 75 ycnt 3 ca .1 42 CreelbrooK F Ind feeders over 100 Ibs. Cdn Brew A 30.50 Amcr Gr F 7.2a Growers B 3.65 Cdn Brew B 37.75 AGF specia 3.3S Key Indusl 36 Cdn Paufic. Inv 35.75 Ccjn )n 5 o! 5.50 Hys more higher. Weaners 7-14; ight feeders under 100 Ibs, livestock Crowsnesl Ind 27.1 6.40 7.25 Interior BrevV heavy feeders 100-130 Cvgnus A 6.62'-; Cmnw Inter K1B 15.53 Irter Mariner .75 Cygnus D Lev 3.73 4.10 OKanagan Helicop B.42l'a FMcon Copper H-62V3 Corn Inve5l 5.94 6.53 Pacific W Air heavy feeders over 130 Ibs 26-33.75. All .prices (CP) Receipts on the Calgary livestock mar Genslar '5 03 ccrp In SI F 5 05 5.5d Slampnde Inll Res to 11 a.m. lodav were 7rii Sr.J S.S moslly slaughter heifers Toronto mines, industrials (Supplied By Richardson Securities ot prices Winnipeg cows. Trade was active. Slaughter steers sold or quality, heilers w e r r steady. Cow trade was uncvei wilh prices SI higher and sah BID OR (CP) All young cows to 25. GO. (11-00 am Quoles) a.m. Ml'OD B.m. except oats and steers 31.50 lo 3J.70 MINES Placer DEC. K 00 CAB posted good gains at 33.75 lo 34.50, rr.cdiun .58 P.C. Exp. 3.00 Fd of Amer of the Winnipeg to 33 50. Choice hcifc-F Advocate Asb 1 9' Guecec Man .nv'j Gl Cdn Oil 5.50 Akaflcho Payrcck 133 Gen Molors BO lo 32, good 30.50 to 3i.nO Bralornt a'.ll Radiore Gl LaKes Psp were one lo 2J to 30.50. Good c-ous ,IJ Rio Algom 14 Gull Oil Cda 56 Bclhlchem 19.50 Roman Corp. 4.95 Greyhound higher on exporter to 24, medium 22 lo 23, can Brunswick 2-90 Jherrill Gordon 1125 Hawter 5W with light offerings. and cutters 19 to 22. Casflnr 19.75 Sleep Rock Hiram' Walk sales on replaccmen Cenlrnl Pal. 1-75 Tele Corp. 5.10 oil 32.25 Chlmo 1 1' Tcxmonl 21.50 Conwesl B.35 Upper Canada Nickel 31 Cons. Rsmhler 1.71 Weslern Mines 315 pi 3, Coin Lake 10 Wr.rM Hargreaves GJ A Cochenour .39 -vu Crnlqmonl B.25 Wina.all I" dus, 22 oo Dickenson Mines Yellowkn.fe Beer ,2 75 DeniEcn Mines 28.00 Zenmac K M D 6 00 Deer Horn .0-1 INDUSTRIALS U 9 was one cent higher on local and commission house ;radc. Oats and barley were steady on a quiet trade. Volume ol trade Monday Included bushels of flax, of rye and were short-keep stcor. weighing 850 pounds up anr selling steady. No stock calve, were offered. Good feede steers 750 pounds up 34 to 35.50 Hogs average base pric 28 40 D'Eldnna. Ab'libi Loblaw A Dome Mmss 6350 1J.42V: Melro Slores 19.25 Donalda sieel U.13V3 Massey Fe-g C 1 'S lnd McMillan Blot May 25g higher 2.61 East Sullivan Allan Sugar V' Moore Corp 2 higher 2.58; Oct. 2 Falconbrldge 82 M 10.37., Bisons AD F irsl Marllimes ".55 Tr.c 2025 Cent Vancouver: Gi.nt Y.K. 6-75 B.C. Tel Corp 6.871ft 1 ;o Burns Price Co higher June Granduc fo DC. ForeM 25.00 Roinmans 2.501 i; Sep. 2 higher Headway R 1- 7.50 B C. Suaar 20 00 st Law Corp Hollinoer 39.00 Bow Valley 2S.75 shell CA not Hudson Bay M-5 22.50 CAE lnd Simpson's Thunder Bay: Hydra Ex. 3011 cdn Brew B 37'.', Scars 30.50 Iron Bay cnomcell 537'i siecl ol Can higher 2.39; July 3 Iso 1.-7 Col Cellulose 2.E3 Selkirk A Oct. and Nov. not Joliel Quebec .22 cal round Dalstir Kcrr Addison 7.95 Coron Credit 1.15 Traders Gp A Key Anacon 95 r w N Grs Trans Mln Pp 24.00 Labrodnr K.'O 15.CO Can Pp 39.37V Lai.' Shore 2.52 rsnasa s s 40.00 union Gas May unchanged July nnd Oct. not open. Barley: May wilh tinted glass and Lanflis Silver .07 cdi Mrronl 1 ro Union Oil July and Oct. not rear window Medsen R.L. -'5 cdn vkkors 11 n Ver'Slila Mfg 5.37V Malarlic C-.F .72 Oirvlser 30.50 wesleel May Hi higher Warlin McNeely M cpR 14.17V, C.r Ti higher Oct Mac inly re in- rominco 26 Wcslon's B 18.0D Cons Balh 9.00 Woodwards A quotes Monday llsF'VW- 1 1 r 1000 Ccns Gas Cdn 5li lltew WM? Honn Cdn W.N, Gas 23.62V, zenilh Elec Low Close 4j Horse Copper 2.10 Domlar 13.00 253's 253 Nar'hqalc 5.95 Dam Stores 1512'A Mova colla 255 Norlex .30 3J5D 259 3.7 Dolasco 26.25 Tor-om fe New York 258 257'A Jun 249% 2-lKi 24BV4 246% (Supplied By Riclianlson Sceurilics of Amr T >nd T IS.U'.i FrBrs 100.50 20 17594 up Thunder An-conda 16.50 Sid Oil ol N.J. 75.75 Kel B5.92 oil 237'i 235 Belh Sleel 33.25 Texas Gull 119.37V, B ,jSSr Volume DuDonl wSwprMl 42 62ViNEW YORK ?.M 80 2V: Weslingbcuse Elec 44.03 3D Indusl 901.65 up r-'.it 505 r c'i i m 20 Rails 253.72 oil 1.06 H rvB5lnr -O62'i 1S Ulililies 114.42 Oil Inl Marvesier TORONTO AVERAGES 65 sleeks 315.26 ofl li i Monlgome'ry Ward 10.75 20 Indus! 196.7! up .09 Volume 1 1 B 1 1 109'.a B" JL O lOl'l to computer B75i Oct body and 1 chassis are one solidly welded m f. for maximum WINNIPEG (CP) In in- The year-end report gives The creasing numbers, Canadian subscriber a net-worth state farmers are following Die lead ment showing assets, liabililie of businessmen in other fields and equily at the beginning o and plugging in lo the computer the year, the end ot the yea and changes that have (CP) Aver age prices to 11 a.m. provided by the Alberta Hog Producers Marketing doesn't An rattle either. mc fol 'Tliev are doing it Ilirouph tlic place during that time. Canadian Farm Mar.agemc-nt To help farmers provide th Dala or a correct informalion for the 20.40, average Monday 28.22. Rrd Deer: 28.45, cnnipiilerized farm accounting puter, Cnnfarm provides a per system established jointly in sonal consulting service 28.32. Calgary: 28.40, average 1300 by federal and provincial a learn of field agents trained RH _ irimonic n r jinrinilhiiv usinc Ihe comaulcrizcd nil, a v e r a BAHEl Pre- In million tons reported by inier Cliou En-lai for 1970. Some Western ohsen'ers Hong Kong greeted Ihcse fig- in-cs with a degree of skepti- cism, but one veteran analyst ol the- Chinese economy estimated Ihe growth rale of the gross na- tional product at between six and seven per cent, with indus- i try expanding at around 10 per cent. lie added that 1971 was un- questionably a record year and would probably be heller if conditions improved. Tlic six-million-ton increase in grains only represented a 2.5- i per-cent rise and barely kept ahead of Ihe population In, e s I i m a I e d here at 1 around two eent. I But the government s a i d j China now was si gas rose by an ZS per cent and, significantly, oil Wiling capacity rose by 17 per cent. The New China news agency said new oil refineries and oil wells started working in 1971, indicaitng massive investments in the industry. The power industry also .scored a record, with an in- crease of 18 per eent, according lo the official agency. Much ot this new oulput came frffm small power stations scattered across the nation. One station in Kwangtung province an underground hot spring, converting the hot water into Eleam lo run tur- bines. Travellers returning to Hong Kong from China report no food rnment said; or shortages and say :cir-sufficicnt in pcOpic remarkably fit record high level. Peking's Kwang Ming daily said the nation enjoyed its 10th consecutive bumper harvest; but the New China news agency reported only that cotlon, oil crops, sugar, lea, and silk cocoons had "good har- vests" and did not give any per- centage details. The analyst in Hong Kong noted lhal China had the poor- est weather in five years last year. He added: "They worked hard at irrigation, drainage and fertilizer production last year and this should .-how good re- sults in 1972 provided tlie weather holds up.1' The. main problem last year was an unusually low rainfall for a long period over central Clu'na, described as a four- monlli drought in some prov- inces. Another big advance came in the vital oil industry, where China is believed lo be self-suf- ficient and possibly enjoying a surplus. In addition to the jump of 28 per cent in crude oil, natural pco and healthy. ByGeno Fawcette fOA THf ATrilEF-PROOF PUSHBUTTON STARTER TrtVTMDUNTS BELOW THE DASHBOARD, CUTS OFF FUEL TO THE CARBURETOR UNLESS A 4-T06-DI6IT CODE IS PUNCHED OUT ON THE KEYBOARD... MO THIS comtursa CONNKTEO TOWUKCARt FORAtWCAPPlMUCfS! Aulomalic option iBavns one hand Iree to maintain order. What is Inexpensive lo buy, economical to run and has room (or all these monstrous children? Datsun wagon, of coursa. The air won't be so polluted becausa Dalsun's got emission control. dep Tiure now are some farm- ers using the system, including 000 in Manitoba. The system, cosling about S3 a month for each subscriber, is basically a mail-in accoimtina progrp.'in employing a computer. At Mir end of each month Ihc farmer subscriber emends a record of his day-to-day trans- actions to the Canfarm com- puter centre in Huelpli, Onl. The results, giving informa- tion necessary in making man- agement decisions or in calcii- lali-ng income tax, payroll records and depreciation sched- ules, usually arc back in llio farmer's hands within eight lo 12 days. PROVIDES RECORDS Canfarm supplies each sub- scriber wilh Iwo sel.s of records, one relumed monthly and tlir other on a year-end basis. The monthly report includes aoi account summary and cash- bnlanre report showing tolal sales and purchases for earli farm as well us n credit-account report provides a sum- mary of loans, errdit charprs and final amounts owing or re- ceivable for every credit Jic- counL Trie vlnjl upholstery stays looking good even after muddy feet and bubble gum. And there is a lot more load space when you fold the rear seat down. ing system. The agents help farmers set up a program, com- pile inventory and close the books at tlic end of the year. FEW SNAKES There arc only Ihrec species r snakes found in Britain. Monday 28.35. Lloydminster: Nil, average Monday 27.85. Grande Prairie; Nil, average Monday 27.51. Total hogs sold 354, tola hogs sold Monday Aver age 28.34. Sows average 20.10 HOSPITAL ADMINISTRATOR (DISTRICT) THE HOSPITAL DISTRICT Calgary Auxiliary and Nursing Home Dislricl No. 7, own-, and opcrales three auxiliary hospilals and one nursing liome, wilh a combined bed capacity of 622 beds. THE POSITION District Adminislrator, Iho senior position in I ho organization, responsible lo the Board for all phasus of management of Ine district's facilities, including planning of future facilities and programs, THE PERSON A graduate of a recognized program In Hospi- tal Administration witn icvcral years experience as a nenior hospital executive, with provon administrative ability. M'is.1 bo progressive nnd respond positively (0 challrngoi. Applicants should statn salary oxpcclod, send o resume' mnrlatd 'Confidcnlinl' lo: MR. G. HO tEM, Chairman of The Board, Calgary Auxiliary Hoipital Nuriing Homo District No. 7, 6909 14lli Slrcel S.W., Calgary, Alberta. DATSUN 1600 WAGON, Irom The wagon's got 5 doors so you can pile in extra stull without messing up what's already there. Syneed At Dalsun we build solid, reliable automobiles lhat meet every Canadian safety and pollution control requirement. Bui, because it's Elill nice lo drive something you can love a lillls loo, we make a choice ol Dalsun models sedans, a (aslback, agon, a pickup and even a GT sporls car. Datsun is all the car (and "all Ihe cars) you really need. the more-for-your-moneycar FOREIGN CAR (LETHBRIDOE) LTD. Cornflr 3rd Avo. nnd II 111 SI. S. Phono 328-9651 G. AND S. SALES AND SERVICE LTD. 437 Vielorln 51., Box 445 AlBERTA Tel. 562-2131 CARDSTON FARM SERVICE LTD. 124 Main St., Boi CARDSTON, AlBERTA Tel. 633 3316 There arc more than 1100 Dalsun dealers across Canada and the U.S.A. ;