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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 14, 1972, Lethbridge, Alberta ______ Monrfov, Februnry 14, 197? THE lETHBDIDCf HERAID 17 Base metal stocks make slight gain TORONTO (CP) Base metal issues on the Toronto slock market edged fractionally higher while prices in olhcr sec tors moved lower in modcrale mid-morning trading today. The industrial hide., was down .K to 197.58, golds .20 lo 17649 and western oils 1.75 to 214.43, loday wilh prices moving into lower ground. Trading was modcrale. The noon Dow Jones average of 30 industrial slocks was down 3.01 lo 914.511. Mdulyre Porcupine was off at among Canadian issues while Inco lost lo and Hudson Bay Mining H lo j Miscellaneous quotations g Vancouver, Calgary, Montreal J; (Supplied by Dohcrty, McCnaig Limited) o LAST DID OR SALE am. Ouolesl a.m. a.m. Quotes) WESTERN OILS Almlnex Alia Easl Gas Asamora Ashland 0P Oil Gns Can Soulh Cdn Gas Cdn Hnmesld Cdn Horn- Pld Cdn Ind Gas Oil Cdn Lons Is Cdn Super Charier Chiollan Dome Pc-le Gl Plains Gl Cdn Oil Lcchiel Norlh Cdn Oli Uumac Pan Cdn Pelc Pan Otcan Prlrol Pinnpcle Place Gas Ponder Huqli Russell 5.15 Husky Oil a'lo Husky Oil B Husky Oil War Inter Prov Pipe 5'eO Prov sfeel 5 00 Kaiser Res MGF Manage p'ai Pacilic Pele 1175 Rainier 5 00 9.0n Teledyne 5.10 WES! CHn Seed tji'j While 12.25 500 CALGARY Acrnll .50 Jl'nn Barons Oil .05 2fl 75 Madison .15 s.W Norlll Conl i 55 WcsJ Warner .50 d'os PIPELINE STOCKS 14 7l" compared with On llie American Stock shares, al the same time Friday. I Declines outnumbered ad- vances lo 113 with 179 issues unchanged. Chemical, industrial mining, real estale, sleel, general manu- f a c t u r i n g and iilih'ly issues posted tnoderale declines. Bev- erage, pipeline, paper and for- es1, and utility slocks moved fractionally higher. Bow Valley fell to S2' Imperial Oil lo Pa Pete to Pen Ocean 'a to and Cominco lo Laidlaw Motorways nas down Vj lo Maclean-Hunter A 'z lo Numac lo and Bell lo International ULililies rose IH to StS-A, Dame Mines 1 to Ex- change, Canadian Javelin added lo and Brascan was off at 10 Toa UUIB- Wfsl" Decall Wesl Pele MISCELLANEOUS INDUSTRIES Aqualaine Brirco Cdn Brew A Cdn Brew B Cdn Pacilic I Crcwsnesf Ind Cygnus A Cyqnus B Falcon Copper Genslar N and C B Pld 2B.B71 Pacilic Gas Tr 13.50 Ga! Melro 6.25 Gal Mclro Pld A Wl.oo Tr Cdn P 40.75 Pyramid Tr Cdn P Pld B 41. fo Silver Sland Tr Cdr, P Pld A 75.B Toxmonl Tr Cdn P War Troj-.n wc Trans Valley Copper v'ar WC s MUTUAL FUNDS Bros A1, cdn Com B6, 9. 45 B.C. Sugar 9.65 10.55 B.C. Sugar Pld 3.93 4.3U Capl Inler 6.65 7.33 Crest For Ind 3 34 Growers B 503 5.51 Key Indusl 6.03 7.25 Hys 14.26 15.67 Interior 3.77 4.M Inler Mariner 5 ?7 6.53 Oksnagan Helico 5.13 5.61 Pacific W Air 2J.S7V: All Cdn Divid 5.75 All Cdn Venl 30.13 Amr Gr F 37.50 AGF Special Crin In F Col Mulual 6.75 Cmnw Inler 6.50 Cmrv.v Lev 11.50 Ccrp Invesl 14.a7i'3 Ccrp 3 60 16.25 7.00 4.65 3.60 DEATH WVI.IE .Passcrl ai'.ay in EdinonLon on Sunday, Febru- ary 13, 1972. Mrs. Jean Murray Wylic, beloved wife of the late Mr. Ebcnezer (Abe) Wylie of. Lethbridge. Funeral arrange- ments will be announced wlisn compleled. MARTIN BROS. LTD. Directors of Funeral Service. C152 Canadian Superior Oil and CHUM Ltd. l lo TORONTO (CP) The Cana- dian bond market registered a quid as prices closed only slightly changed from last week. The short end of the markel gained aboul live cenls, mid- lerms IOE! aboul one-quorier point. UK- long end of the mar- ket gained about one-eighth point mid corporate issues were i unchanged lo lower by about 33.75 Dreyfus F U.S. 12.84 14.07 Stampede l-onie B 33 12Vi Gr In Shares 3.B7 4.25 OILS Hud Bay Co 19.37V3 Gr Equily 7.16 7.B6 Albany Oils .53 Hud Bay Oil 42.75 Invesl Gr F 12.'03 13 16 Plains Pele .16 Hud Bay Oil Pfd 53.50 Invesl Mutual 5.75 WcEl Explcr 191, Toronto mines, industrials (Supplied tty Richardson Securities of Canada) LAST BID OR SALE MONTREAL (CP) Prices edged lower in most sectors m light lra.di-.ig on the Montreal stock market loday. Utilities ported the only gain, moving up .21 to In- j one-cigiilh point, iluslrials led tbe retreat, drop- i Monday the Bank Canadian ping .63 lo 197.53. followed by j National Iloaled a 520-million banks, down .06 lo 26B.42, the issue a. 71, pur cent. The issue composite .45 to 19B.32 and pa- is redeemable March 1, 1979 pci s .13 lo 83.06. i and extendable between March Combined volume on Ihe Montreal and Canadian slock exchanges al II a.m. was shares, compared with ill Ihe same lime Friday. Credit Foncier was off 2 to SOU, Gens'.ar 3j lo fm, Laball j IUUBUOV L ?i lo B.C. Telephone 3.i lo Metropolitan S63'.4, Imperial Oil '.i lo S30'i, tbe markel wilh a three-part Power Corp. lo S7. Trans- falling The Canada PipcLines lo J75 and firai part was n per cent Royal Bank (o S32-V issue representing of Toronlo-Dominion gained l? to Ihe tola] redeemable Feb. 15, SMi, Calgary Power '2 to 1973-1JS2. 1, and Sept. 1, 1977 into a per cent issue daied March 1, 1U92. It sold a( par (a yield per cent and was selling al a slight premium in Friday's session. Tuesday the Municipality of poliian Toronto went lo Alcan Vl lo Moore Corp. !j lo and A further was in the form of a per cent issue i dalsd Feb. 15. 1983-1987. The re- NEW YORK (AP) Conlin-; maining was an ucd profil taking appearerl lo' eiglil cent issue selling al weigh down the slock markel lo yield 8.10 per cent. Wednesday Canadian Utilities I Ltd. released a SSO-million J issue. U was a 20-year issue wilh an 85, per cent coupon and was selling at S9911 lo par al Friday's session. Day-to-day money was avail- able Friday at per cent, and three and six-month treasurv a. rr. a.m. a.m. 1 T J Advccalc of Cdn Lakes Oil Canada Cenlral u Cons. Ccln Cotlipnour Mines Wriohl Gp A Inl Dickt-nson 1 Deniscn Derr Doug titty IDome ur Disrcvory (ii East re Vr sons Frobex First Ind Bell -15.12' B Norlh, Giant 77 Headway La iv Bsy Valipy Hydra Iron of 1 2 Jclier K'err 27' GD Key Miln Can Lrngis Madscn S il f.'.alar'.ic Marl in We Inlern Cdn New Wesl New Calumet W. Horse Eridge 25 Imoerial io" Noranrja Northgale 50 5.35 Textile Dem Scotia Royal 2-2.75 37 TV workers continue strikes By Till? CANADIAN PRESS CBC technicians off the job Monday in seven Western Canadian centres and in Monc- ton. N.B., as rolating strikes continued against the network's radio and television services. Edmonton, Technicians who walked out Sunday after- noon were turned away by man- t today when they refused to .guarantee they would work a full shift. A CBC spokes- man that a picket line was set up bill removed later. At Calgary, technicians were not working today, following ac- by six members Sunday at Ihe CBC television relay centre. The Sunday night walkout caused a brief delay in Disney's World of Color which was being relayed Vancouver. The 35 technicians picketed CBC headquarters Monday in Calgary, saying they had been locked out. As in other centres, management has demanded a from workers that thev will not walk out during a ift. Technicians i n Vancouver been off the job since ay and were joined today by those in four Saskatchewan centres Mcose Jaw, Regina, Saskatoon and Watrous. Grain prices Winnipeg Grain WINNIPEG (CP) Rape- prices cniilinucd on lovvcr levels al mid season loriay on [lie Winnipeg drain Exchange. Tlie oilseeds h a d some scaled-down commercial house buying and a number of coun- try hedges kept Die markel about three cenls. Friday's volume of trade was bushels of flax. of rye of rape- seed. Mid-session prices: Flax: May 'i lower 2.023jD; .Inly lower 2.59'iB; Ocl. July !i Oct. lower 2.C2-11 Rapeseed Vancouver: March 2'.i lower June low- er 1 loner 2.48D; Nov. nol open. New York stocks (Supplied By Dicliardson Securities of Canada) and T bills were traded at 3.15 per cent, respectively. and Std Oil Of N.J. 76.62', 'a 10 Base Mel 65.7J up ,37 Beth Texas Gulf 11B.37'3 15 W Oils 21d.i9 off 1.49 Texa5 Co 3300 Volume Comsat NEW YORK AVERAGES Weslinghouse Elec -15.621 j 30 Indusl 91J5B off 301 U.S. Steel 33 12' '3 20 Rails 255.19 off .51 inl Harvester Kenn 15 utilities 112.19 off .38 TORONTO AVERAGES 6S stocks 316_w Livestock Calgary livestock CALGARY (CP) Light re-! ccipls on Iho Calgary livestock Alberta business Bengalis reluru lo their homes CALCUTTA fAPl The Tn- d i a 11 goveniiiienl announced today thai 7.0 million of the esti- maled 10 million Bengalis who fled East Pakistan last year have relumed to their homes. A spokesman for the refuge and rehabilitation ministry said it was hoped the 2.1 million ref- ugees still remaining iji India j would return by Uie end of the month to their homes in Bangla- desh. The refugees streamed over the Indian border after Ihe West Pakistani army cracked down on East Pakistani secessionists last March. The influx kept up Ihrnugli the India-Pakistan war of last December. 2'z lower July 2's low- er 2.35'iA; Ocl. '-j lower Nov. not onjn. Oats: May unchanged July higher Oct. nol open. Barley: JIny, .Inly .iml Ocl. nol open. Rye: May ls louer July r'H lower Ocl rr B9-1.1. 'j low- aclhe. There were ins u f f i c e nl slaughter sleers or heifers on offer to establish a market. Cows sold fully steady to high- er. Few bulls sold steady. i Good cows 23.50 lo 24.40, mc- dium 22.50 to canncrs cud cutters 10.50 lo 22.50. Good bulls 25.50 lo 27.20. i A fen1 replacement steers j about 1.000 pounds sold steady at 34 to 35. No slock calves offered, i Hogs average base price 211.00 CALGARY (CP) The for Canadian business in gen- look lor Alberta business this year is uncertain Im( general- i-Japaii trade booms OTTAWA (CP) Trade he- ly more promising than in 1071, eight per cent upward revalua- says a report of the Depart- j lion of the Canadian dollar re- ni'Mit of Induslrv. mains and reduces Canadian The report said '.he consl competitiveness Ho- By Gene Fawcelto HOW SMALL CAN ELECTRONIC CIRCUITS GET? A U.OF CHICAGO SCIENTIST, WHO BELIEVES TOQWSPINHEAD- SIZE MINIATURIZED UNITS WILL SOON BE CONSIDERED GIGANTIC, is WORKING WITH AN ELECTRON MICROSCOPE IN REVERSE TOM4KE ULTRA- ULTRA-MINIATURE SV5TEMS... _ prices KDMONTON (CPi Aver- age pricrs to 11 a.m. provided by llic Albcrla Hog Producers Marketing Board. Edmonton: 20.00, average Friday 20.09. Deer: nvcr.ific Friday. 2.0.21. Calfiary: average Fri- day. 29.24. Lelbbridgc: Nil, average Fri- day 20.04. Lloydminsler: Nil, Friday, 2U.67. in the one (ion and resource industries j market which accepts over bad record performances last two-lhii'ds of Canad's exports. >ear arid reruns improved for "While Ihe American market agriculture. will remain firm for those raw Mineral pi-oduction and vol 'materials or which they are in ume of grain sales will almost short supply, such firmness is ccrlr.inK increase (lurini! 11172, iic: likely lo carry over into I be department predicted. processed products while volume and price of Ihc- "The fact lhal Britain and slock will be static. other countries are joining the The construction industry European Common Market has would remain active, wilh llic j Ihe double effect of reducing result lhal business for manu-1 llic imports ot a preferential facturinc; and service indus-, buyer and of making Canada tries would improve along with non-allractive lo American in- eral is not so bright. j tween Canada and Japan in "It must be realized that the ]971 reaehed a new high of 6S3.1 million, Ihe Canada-Japan Trade Council said Friday. j Exports lo Japan were S701.G j retail sales. ItKTAIl, .SAI.RS IT Retail sales were about eight per cent higher in 1071 than IE170 wilh department stores and auloninlive outlets showing average 1 (lie grealesl increases. Income for labor increased I vcslors and firms which bad scl up plants in Canada lo take advantage o[ empire million while imports from j Japan were S301.5 million. The Ottawa based council said in a release lhat the imbalance of SO.O million in Ja- i pan's favor wasn't likely to occur again 1S72. In the 1st j 10 yors. Canada lias enjoyed a substantial balance i Tlir 1971 change was due lo a slowdown m the Japanese j economy caused by the inter- national monetary crisis, the council said. The council forecast a S-iO million surplus for Canada in Japanese Irade this year. H said exports lo Japan would likely rise lo about mil- 1 lion. Total hogs sold Friday. 2.224, j 10 per cent lo billion average 29.1.1. Sows average! On the basis of hiKber 20.15. line blocked Finance learnngs firm np SUCH ELECmO-OPTIUI. tOO 8IUJON UNITS Grande Prairie fliglils EDMONTON (CP) CP will increase its service be- Iwcen Kciinonlon and Grande 'raiiie tci 12 flights a week in wages and a larger labor force for VANCOUVER (CP) mosl moiKlis of llic year. (C1J) CP Rail's eiilide Financial Corp. The report said llic j main line wus blocked [or, reports net earnings for 1971 nf value of resource production aboul five hours Saturday af- i compared wilh Sp- inel-cased lo SI.fin billion Irani ler a westbound freight was 420.000 in 1070. billion. fderailed. Aflrr payment of preferred The province produced 377.- A company spokesman said dividends, Uiurcnlide earned Air i barrels of crude oil one end of a boxcar was per common share coin- compared wilh MO.-lO.I.OIXl rols ill 1070; l.tlll trillion cubic: j of here fce( of natural pas compared Tlic daily each direction from KCVOII, the with 1.117 Irillion cubic fret and company announced loday. The new schedule is effective April 30. R.fl million tons of coal com- pared with fi.7 million Ions. The rejxirt said Ihe outlook railed al Chmy, 60 miles past i pared wilh 75 cent.1; in 1970. Directors doclarcd a run quarterly dividend of 10 ccnl.s per common share payable passenger from Ihe easl rei-outed be- Iwcen Medicine Il.nl. and Cal- gary and arrived two hours late. here aboul common March .10, ns well as regular dividends on all classes of pre- ferred shares. DEATH5 DEATHS DEATHS KKLV Passed away in the i SHAW Passed away in Pearl Ella 1 cily on Sunday, February on Sunday, February passed away in the 1972, following a brief Mrs. Doris Shaw, on Saturday, February Mr. George William Eely age of 6'3 years, j'j72. at (he age a! S3 the age of HI vein's, of of Mr. Earl Shaw ol beloved wife of Mr. 17th Avenue beloved St. S. Funeral 0. Olson of 722 15 i band of Uic late Mrs. be announced when She was born in Winona, Kcly. Born in London, MARTIN PjROS. January 27th, 1837 Ihe late Mr. Kely came to of Funeral came to southern Alberta ada in I9ii5 lo reside with 1012. She moved lo Leth- dfiuclHer in B.C. He moved lo Lelhbridge 1 CLKLLA.N'D James, in hue lu-sidcd at the lime of her pass- in J96II and has resided here away in Medicine Hal, .She was an ardent worker unlil bis passing. He i.s surviv- day, February 12, 1972, aged church. She loved cd by one [laughter, Mrs. E. V. j mi. Survived by one son, Milton outdoors es-yciallv camping (Joyce) Longford, Lellibridec; and two granddaughters, all of 'Besides her four grandchildren and two Lethbridge. Funeral to be al Clarence she greal grandchildren The fu- SI. John's Presbyterian church, i to nlourn ]lcr passjng one neral service will be held on Medicine Hat, Wednesday, nnnaM vinronf Flrra n( Friday at 1 p.m. in Martin Bros. TRADITIONAL 16 al 2 p.m. Bc three daughters: eiJBil-b Hclcn Ducharme o EL. 812 Avenue S., with Hev. E. n. Doyle officiating. B.C.. Elsie Caroline Clark of Vancouver, B.C. and Passed awav tion will follow. In lieu of flow- Sunday February 13 Elhil Walshe of Lelh- ers, friends may donate lo the Bam, aged 23 Years' charily of their choice, MAR- Cloved