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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 10, 1972, Lethbridge, Alberta Thundny, February 10, 197J THE LETHBRIDGE HERALD 19 Miscellaneous quotations Vancouver, Calgary, Montreal Grains fuse lit but fizzles (Supplied by Dohcrty. McCiiaiu Limited) LAST BID OR SALE a.m. Ouoies) WESTERN OILS Industrial stocks sharply higher Alrr Fnsl Gas Asamrra Ailil.ind HP Oil Crin South Cdn Fix Gas Cdn Horr PM Cdn Ind Gas Cdn Unn Is rdn Super rhicfMn TORONTO (CP) Induslrial issues on the Toronto slock market moved sharply higher as prices in most sectors posted gains in moderate mid-morning trading today. The industrial index was up 1.03 to 198.07 and golds .00 lo 275.80. Base metals were1 down .06 to HG.IM and western oils l.ll to 219.0-1. Volume hy 11 a.m. was posilc .iff) to 200.Sfi and papers .25 lo B7.21. Combined volmnp Montreal and Canadian slock exchanges at II a.m was shares, compared wilh at the same time Wednesday. Credit Foncier rose 1 Lo j Labat TH to Dank rrf j .Montreal lo Royal I Pfile rr. Oil i Bank to Inlrrnalional shares, compared with Nicliel Lo Distillers at the same Umc 3. S33 and Corp-Seagrams lo Imasco Ltd. '.i lo 521. Union Carbide lost U to Trizec Corp. 'j lo Quebec aml Canada Cement La- Wednesday. Trading was halted at the opening in the shares of La Luz Mines, pending an announce- ment by the company. The stock closed W e d n e s d a y at; I'd IIK-AVV Tl Advances outniimhered de- clines 33 lo 101 wilh 203 issues unchanged- Banking, beverage, Induslrial mining, communications and pipeline stocks moved sharply higher. Food procesing, oil re- fining and utility isues edged fractionally lower. Cambridge; Leaseholds was up -I, to Four Seasons Hotels Jhc f to Inco (o industrials at noon was up Scurry-Rainbow lo ?lfS'z and a Bank of Montreal V, lu S2Pj. .a !.y s.ts Thomson Newspapers rose 14 i startcd when the Dnw to SSS'.z, Hudson Bay Mining u lo S22, PanCanadian Pcle 'i lo 515-'i, Koffler Stores lo SIB1.a and Falconbridgc lo Bow Valley dropped l'H to Tara ]k lo SUv's and Gl P' Gf Cd Nor Id Cdn fJum.ic Pan Cdn Pan Ocean Pclrol Placp Gas Ponder Rjr.qer Scurry Ra Spooner Sr-irjrn'. West DocnMa Wesl MISCELLANEOUS INDUSTRIES Aqualaine "M a.1 Hud Bay Oil Hud Bay Oil Pfd lluqh Russell Oil Husky Oil B Husky Oil War rt.ll) Inle' Prov Pipe 1.B5 Inicr Prov Sleel 900 Kaiser Res AAGF Managt 9. 37 Pacific Pete .60 Rninler TclPdyne Wesl Cdn Seed Vrtiile Y ukcn CAI GABY roll 5.40 5.75 4J.75 9.10 Quotes) J3.00 54.00 3.75 31 HVj .05 Barcns Oil Madison 15 Coni M 1 Wtsl Warner .55 PIPE LINE STOCKS Mia Tr A AIM Nsl Gas Pld 80.00 Nal Gas In Hat Gas Alia 23.01 d.50 In Gr Fund In Mutual Mul Accum Mul Gr Fund Mat PPI N.W. Finance H.W. Growlh Prin Growlh Roylund UnilM Accum VANCOUVER MINES An uk Arlk Minin'i 1 Alias Bath Norse Brenda Cnurrfi Copper Cnxfen Dr.lly Varrien Dynasty For1 Reliance Gianl fAaiLM Gramslp Kam Copper Lornex a.m. OuoIGL) 11.97 13.W 7.'6 7 [13 67 5.35 6fl -i.ii 5 OB 4.17 ft 42 5.37 S.M 7.R? 6.67 1 05 M 715 HEAVY TRADE NEW YORK CAP) Stock market prices were up sharply today, carrying Wednesday's rally inlo new high ground. Trading was extremely heavy on Ihe New York Slock Ex- change wilh 10.8 million shares I changing hands during tlie first fdn A Cdn B Cdn Pacific Inv Cvqnus A B Falcon Copper Genslar Home A, Home B Hud Bsy Co Pdc Gas Tram Gnz Metro A Triins-Cda Pipe Trans-Cda Pfd B Trans-Ccla Pfd A Trans-Ctia P Wan West Trans Wet! Resources 10.00 MUTUAL FUNDS Cdn Ccn 575 AH Cdn ,0 y. AH Cdn Vent 7r Amor Gr Td AGF Spec Cdn In FL-nd ;7'u'2 Coll Mulual fc-62 s Camm Inler 6.62V2 Comm Lever Corp Invest Corp In St Fd Silver l Texmont rfO.OO Trnhn VaUev Ccnnnr E 7500 rcec '4 INDUSTRIALS 2900 Block Brrjtneri B C. ?t) Pfd 14 7.-19 Cap Inlcr 9.S9 10.59 Crcs! Fcr Ind 3.93 -1 30 Grower's "B" 6.ft5 730 Key Industries 3.35 Hys 5.02 5.50 Inler Brew 6.67 7.32 inler Mariner 14.23 okfln Hclicsa 3.74 jl.n Pac Air 5.95 4.5D 51am InM Res 5.1-1 5.42 OILS 3.30 3.90 .70 EDMONTON (CP) 'Hie'diale action to the explosive feed grams problem was ignited Wednesday 2t the Canadian Federation of Agi-icullurc annual meeting but sUnriinR volo. Albert Allnin of Montreal, president tif Catliolique rejected in a prices, creating a disadvantage I for the East. But tlic western feed gram des CullivaLeurs, moved that as long as the feed grains situation was unresolved, IJie federal gov- c r n m e n t should pay tiic it fizzled when the delegates re- ferred it to a commiUcc for iur- Lher sudy. The federaUon's grams amounts necessary lo the' Cana- commiLtec, co-tiinircd by E. A. j dian livestock fcjc-d hoard to en- Bodcn of Refiina, Saskatchewan able he buard lo alrsorli en- Federation of Agriculture lirely "any prejudit'c orcaied lo dent, and Roland Pigeon of I the position of Eastern Canada Montreal, of the Co-operative i and British Columbia." Federec de Quebec, presenlcd a j The problem is complex ;ind IG-page interim report. It said I involves lhc area nf jurisdiction Ihe conunitlee had not IKK! of the Canadian wheat board enough time to study and asses the situation fully. Delegates, representing provinces except Newfoundland, approved the committee's rec- ommendation lhat it complete and freight assistance paid on feed grain moving from the Prairies to Eastern Canada and British Columbia. Feed grains must be pur- chased through the wheat board Ihe study on a top-prority by eastern livestock producers, basis. I eastern delegates said, while But a subsequent attempt hy western livestock producers the Quebec delegalion to have have access to feed grains out- tbe federation lake some immc-' side the hoard's control at lower Drey Fund U.5, 12.85 li.QB Albany Oils 3? Gr In Shares 3.B7 A.16 Plains Gr Equity 7-15 7.E5 West Explo Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. ijuoles) '11-00 a.m. Quotes) warns of storm cloud Nation- foreign Kumac ].'i lo S151 It MONTREAL (CP1 _ Danks 'Vblock of shares of sliol ahead more lhan three -VnlUl changed hands at points and prices were higher in all sectors in light mid-inornin" Prlces IllcludcId Brunf: trading on the Monlroal slock vvlck UP '3' lo markcl today. The bank index rose U.-IH lo Wednesday penetrated its old CALGARY (CP) recovery high of 917. Wilh i alistic policies toward profit-lakint; pressure dried up, iinvesllllcnt could weaken the (here was little resistance lo a new rally, Ihey said. The Asocialed Press GO-slock average at noon was up 1.5 at free enterprise system and lead lo a socialistic approach, Premier Peter Loughccd said here. The Alberta leader said an expeclcd federal policy slate- ta nnd 209.41, industrial.-; .lii lo 2011.20, utilities .29 to 102.78, the com- News quiz under >uiv Many people feel lost when someone drops a comment, on newsworthy aclivities. If you're confused alwul nanios and happenings lhc daily newspaper is In! emational Nickel was up nl McTntyrc Porcupine was off 1 at and Walker- Gooderham -IB at Off ].'i were Massey, at and Gen- star Ltd., at j Scurry Rainbow Oil was up nt sin1- nn Ihe American Slock Kxchance. Livestock report Calgary livestock CALGARY (CT) Receipts on lhc Calgary livcslock mar- ket to 11 a.m. totalled head; mostly slaughter cattle. Trade was active. Slaughter steers sold steady. Heifers steady with sales to 32.50. Cows were mostly medi- WINNIPEG (CP) Oilseed! urn and canner kinds with all Grain prices Winnipeg Grain iore i''_ available substihHc for the Slon lie library, and nn excellent source of information. The Herald is providing a helpful service In interested persons, publishing a Weekly News Quiz on page This quiz constisLs of a pic- ture to identify, contemporary words which must be matched with their meanings, names to match with their associated ac- tivities, and a family discussion question. H is suggested that parents niiplit find it a valuable source of information not onlv to their children but also to themselves j Nov. 1 liighcr 2.4-1B. grades selling s'eady. Bulls steady wilh the odd sale lo 18. Choice steers 34.50 to 34.90, i good 33.75 to 35.40, medium 132.50 to Choice heifers both rapeseed and and Ihe 31.50 lo 32, good 30.50 to 31.50, market was up to two cents j 29 lo Good cows prices were firm at miri-ses- loday on the Winnipeg Grain Exchange on a moder- ate volume of Irsdc. Exporters u ere active hi.nher. to 24, medium 22 to 23, Wednesday's volume of trade caiincrR and culters 19.50 to 22. was 430.000 bus-liels of flax, j Good bulls 26 to 27 50. 225.000 of n-e and 1.951.0M of Replacement a.m. Qucles) MINES Acme .3 Advocate Asb. Akailcho 1.72 .57 2.50 ment on foreign ownership could be an approaching slorm cloud for the province. "That is not to say that we should not have policies and action to permit Albcrtans to I participate in natural resource development to a higher de- j gree and more use of Canadian talent and services." Mr. Lougheed told the annual meeting of the Canadian Asso- ciation of Petroleum Geophysi-, cists the government is also i planning stronger controls on! Key pollution. However, "if further controls prove to be inconsistent or am-1 biguous or if we move to strongly, we expect to hear from He also said the government j wants to move the province j away from heavy dependence on the petroleum industry to i avoid the ups and downs of a one industry economy. The .standing committee on public affairs will hold public hearings on oil royalty rates, he said, so opinion can be gath- ered from both inside and out- side the industry. The rates, which have prevl-, ously been set by long term agreement, come up for review this spring. Any new royalty policy would be brought before the legisla- ture for approval, he said. Bralome Brculan Bethlehem Brunsv.'itK Canada Tung, Cassiar Cenlral Pal. Chimo Con west Cons. Rambler Coin Lake Cfftigmonf DicKenson Mine Donison Mines Deer Horn D'Erdono Dame Mines Drnalda Discovery Mines East Malartic EaM Sullivan Fakonbridcie Mar i limes Giant Y.K. Bcvls Headway R.L. 7.50 Hollinqcr 3B.37'.'j Hudson bay M.S 22.00 Cfeisko Point Placer Dev. P.C, Exp. Ouetec .23 Ray rock 19.00 Radiore J.10 Rio Algom l.M Roman Corp. 19.62V3 Sherrlll Gordon l.BO Silver Miller 1.15 Sleep Rock E.2S Tek Cnrp. Texmonl Upper Canada .24 1.70 .10 130 i.ia !3.50 .03 .50 We: Wrighl Wilfroy Windfall Yellowkr 3.05 jrgreaves 1.75 Dclasco CAB Fd of Amer Gl fldn Oil Gen Molors Gl Lakes Pap Gull Oil Cda Greyhound Hawker Sid Huron. Erie Hiram Walk ImpsriBI Oil Imasca Inl Nickel Inl Inv Gp A 73.DO producers maintain lhc whea Iward must relain marketing control (o allow Ihem to receive Ihe future of agriculture de- pends on setting goals. lie said he is optimistic that world food production will in- crease but the producLs Canada would be called on to provide the highest return possible. I might he different from the. Western livestock producers say I traditional ones. their eastern counterparts make savings because thsy are closer i to markets in areas of concen-i traled population. IJ.IUBI Jllia Mr. Allain said Ihcre was a new altitude within the majar i farm federation because while WilCtlt Quebec had broached the prob-' lem at CFA meeting for many I years, "now ;.t least you 1-Sllttll delegates) seem to be willing lo ;1J1 listen to us." I An outspoken critic previously of the wheat board's "monopol- istic" and "dictatorial'1 stance, op Mr Allain conceded his tails fi MOSCOW (Renter) Unu- sually bad weather conditions in parts of the southern Soviet Union, including severe frosts 'or the scrapping of the board wilh little snow, are threatening had not been realistic. parts of this year's winter Such an attitude by (he' "'heat crop. Quebec delegation would be! Reports in the agricultural "disloyal to Prairie grain said temperatures had ho said. I dropped to near zero in the "It is difficult to ignore the i northern Caucasus, a key area Canadian wheat board but if lhc winler "op. admit the beard has lo continue I analysts in Moscow to protect grain producers, it is! sald coultl >'cl be logical that we insist East hmv much dama8e was and West should be treated in lo he done, although offi- the same way and have free ac- cess to feed grains." Dr. T. K. Warlcy, dean of ag- cial reports had already admit- ted lo some damage. There has been insufficient Ulliille; :cent ile Bear 1.3S Hydra Ex, Iron Bey j Lake Share Lances Silver Wads-n R L Waiarlic G-F. Marlin McNeely 72.00 .1! Norttirale Norlcx INDUSTRIALS -WA Abliibi Alggrna Sleel Atco Ind AtlflT Sugar Agra Ind Bell Tel Drc7il TrflC Burns B.C. Forest S.C. Suger Bow Val.ey CAE Ind Cdn Chemcell Ccl CelluloEe Cal Power Coron Credit C.W N. Gas Cdn inriusl Cfinda T 5 Cdn Marccnl Cdn Vickers Chrysler CPR Cominco Cons Bath Cons Gas Cdn W.N. Gas Indusl Lnurcnlrd Kelly Douo A Lccb Loblaw A T9 J2V: WSSKy Fcrg McMillan Bloe 10 WoorQ Corp 72 2 EO it 1 15 15.00 .11 .73 2.06 36 50 5.10 .27 Rrldrf 'I A'o'ions B Norlh. Cpnl La.v Cor II CDA Selkirk A Texaco Traders Gp A Trans Mln PP Trans Can Pp Union Gas Union Oil Versatile Mfg v.'c-tec-l Union Car Wcslon's B Wocdward'E A Wes: Cdn Sd Zenilh E'ec BANKS Can Imperial Montreal Nova Seollfl Rnynl Tor Dom Sugar induslry probe pressed BISMAKCK, N.D. (API Gov. William L. Guy called to- day for a Congressional inves- tigation or Ihe United Stales sugar mduslry, partly tu deter- mine whether there is "an in- _ -1 Lerlocking interest" in refin-1 Only certain areas within the i cries handling cane and beet j region were likely to suffer, sugar. they said. j In a letter to North Dakota's i two members of the House ol Ueprefentalives asking (hem to I press for lhc investigation. Guy cited shutdowns by sugar beet: refineries in recent years. there was a possibility of some damage in the southeastern Ukraine, analysts said. The Soviet winter wheat crop is grown mainly in the northern Caucasus. Ihe southern Volgo- grad area, the Ukraine and Mol- davia. Exports said that the area hit by these conditions covered more than half Ihe total winter wheat crop, but the conditions would not necessarily cause a complete crop to be destroyed. Dividends By THE CANADIAN PRESS Robinson LHUe and Co. Ltd.. Ifc said he found it strange common 25 cents; class A 25 that in spile of increasing na- tional demand for sugar. Uie inleresl hy refining companies in North Dakota and western i Minnesota as beet Browing locations has decreased. cents, both March 1, record Feb. 15. Crown Life Insurance Co.. year ended Dec. 31: 1971. S5.04 million profit. S2.S2 a share; 1J70, loss. 39 cents. New York stocks (Supplirrt By Richardson Securities ol Canada) T and T a stems a Beiti Sleel Chrysler Comsat Duponr Gen Molors Gull Inl Harvester Kenn Copper Won I Ward 17.00 3700 31.25 67.00 163.50 81.371 I7.QO 30.25 J375 Sears 10J.JO 20 Gelds UD 1.47 Sid Oil ol N.J. 7587'; 10 Base Mel up .10 Tcxe5 Guir HE 75 15 Woet Oils oU .70 Texas Co jltf1'; Vclume Wicks Corp 46.7J NEW YORK AVERAGES -13.6713 30 Incl 926.17 up r ftesl Eledric 20 Rails J56.5! up 1 5J U.S. Sleel 33.50 15 UNI up .09 TORONTO AVERAGES 65 Slocks 320.03 uo 2.01 J 20 Ind 19BJ6 up 1.42 Volume I 1003 4lh Avenue S.f Lefhbridgg Telephone 328-4426 rapcseed. _ Mid-session pncos: Flnx: May l-. were i .lulv scarce being mostly j shorL k steerS) at! higher 264' slfiady jccs No stock calves 2.61A; Oct. un- changed 2.WiA. Rnjjc'seed Marcli 2 higlicr 2.S9; .Time 1's hiphor Z.SIfiiB: Sep. 2 higher 2.50D; early. Good feed- pounds up 34 to I 35.10, good feeder heifers 30 to j as well. It is an entertaining method of increasing personal knowledge. Teachers may also find it valuable as a discussion topic or as homework assignment material. a d By Gene IF YOU WANT YOUR UNBORN SON TO HAVE A HIGH HE SHOULD HAVE PLENTY HORMONE-DURING PRENATAL LIFE. A JOHNS HOPKINS REPORT INDICATES CHILDREN WHO HAVE HAD AW EXCESS OF ANDROSEN HAVE HIGHER THAN AVERAGE Rapeseed Thunder Bay: May 2 higher July 1 higher Oct. 1 higher Nov. 3i higher 2.40B. Oats: May imchazigcd July not OIJEI] Oct. unchanged 70 B. Barley: May unchanged l.Oll'iA: July and Oct. not open. Rye: May higher 1.01-iaB; Hogs average base 28.75. Lambs sold SI price higher Wednesday. Good lambs 24.50. July u higher Flnv i May higher 93Vi; Oct. ni'u. High LOAV Clnse Ilnpcsocd JIar .hill 24G 257 24ll3 2-13 68'i May Jly Oct May Jly Oct _ Harley May 'lOS'i Jly Orl live May 1015n Jly Oil's Oct Hog prices i EDMONTON (fP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: average Wednesday 28.8B. Red Deer: 2JJ.90, average Wednesday 28.911. Calgary. M.7S, average Wednesday 28.82. Lethbridge: N7 i I, average Wednesday 28.31. I Lloulmiiister: Nil, average Wednesday 28.15. Grande Prairie: Nil, aver- ape Wednesday Total hop sold 9M, trial hogs sold Wednesday Av- erage 23.HG. Sows average 19.85. 100's 100'z !17la ion1., 109'; NOTICE OFFICE HOURS LETHBRIDGE SCHOOL DISTRICT NO. 51 Effoclivo Monday, February 14, 1972 office) hours in Hio Adminislralion Centra will be: lo a.m. and to p.m. Monday to Friday Beef futures WINNIPEG (CD Live beef futures close Wednesday. Mar. 35. KN; May 3-t.lOA; .Try 33.25N. Tuesday's volume: 10 don- tracLs. Miners drinkers CONCKPCION, Chile (RCH- ler) 42 per cent of Chilean miners die from cir- rhosis of the liver caused by cx- cessivo consumption of alcohol. President .Salvador Allcndc said Thurfilay. The piTside.nt signed a decree selling up n commis- sion (o combat wlial he called Chile's "most serious social ma- Indy." Wliile other imports hove raised their pricey we at Volkswagen still think small rftall F.O.EL 3) ;