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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 15, 1972, Lethbridge, Alberta Tueidoy, February 15, 1975 THE lETHBKIDGE HERALD 19 Industrial, ivest oil stocks higher Truck ruling made Miscellaneous Vancouver, Calgary, Montreal (Supplied hv Doherty. Mc-Cunig Limited) LAST DID Oil SALE a.m. Ouoles) a.m. QuotCEl 8.1 WESTERN OILS HiHiti Rl'SSCll MulUi AlmiriDjc 5 50 Husky oil Alln rail Cm 6.10 Oil B AEQmcrn 1900 Husky Oil War Arhlancl Inler Prou Pine Oil Gas 3 75 Inler Prov Steel Con Souln 5'5 Kni'-T Res Predicts foreign ownership policy ivon't help economy TORONTO (CP) Industrial z to! them from working for the com- and Royal Trust '.j to i pany. j Tile ease involved an applica- D.IA UP tion by five Teamster locals to NEW YORK (AP) Strength j represent all emalnye.es. includ- in blue chips helped lead the I ing owner-operators, of Millar stock market higher today in and Brown, Ltd., of Cranhrook, rtucllan Dime pele Gl Plains Gl Cdn Oil I cchlel Ncrlh Cdn Oil Nuiiac Pan Ccl.-i Ptle P.-in nce-Tri PRlroI Pinnacle P'aco cas Fender Trial f: U's.'rr l.J Wr-l Decaita Wcr.t Pe'e 10 C MI.-.CELI fiHFOUS INDUSTRIES 3.L 0- Cdn Brew A 20 f rdn Brew B 30.? Pacific Pele THedyne We-.l Cdn Seed While Vul-.on CALGARY 15 If, Mulual Or ,12.50 Na! Res 5.55 N VI Fin U IJ7V3 N W Gr p 03 Principal Gi Terr.n Gr Un.lcd Ac 5.3 Universal 7 9 VANCOUVER MINES Quotes) S.73 4.311 S.7fi 6.33 7.06 7.72 4.8S S.33 3 70 7 40 30.50 09 i9 5. OTTAWA (CP) Edmonton 4.14 6.42 12 O Anu lic Winintj Erplor Balh Norse Crends Churchill Copptr Earons 0-1 C5 11 North Cent 0! V.'rtrnt-' .52 PIPELINE STOCKS Alia Gn; Tr L A 51.00 Alia Gas Tr L Pld 79 to Alia Mr-! Ga1 21.50 Inlr-nd Nal Gas 15.50 N anil C Ga: M.OO ti C B Pld 39.00 Pacilic Gas Tr 13 50 i Gaz f.'.elro 6 ?5 Gaz Pfd A 68.25 Tr Cdn P .10.62'.: Tr Cdn P Pld B dl Tr Cdn P Pld A 75.25 7r P War WC Trans V.'C V.'ar MUTUAL FUNDS All Crin Com 6.59 9.3C BICCK Ere' All CclD DiVid 9.5? lOyn P.r. Sugar All Cdn Venl 3.92 .1 G.C. Suna Arrr Gr F 6.63 7.20 Cap! Inler i AGF Srecial 3.33 Crestbr Dankce Dolly Varrtcn Dynas'y Reliance Gianl Masco! Kamlcaps Copper Lcrnex Lyllon Minerals Texmcnl ._! Copper 675 WC Re-, -OS INDUSTRIALS Bicck Brcs 3 20.25 16.50 7.03 F Ind .1.65 'D! publisher Mel Hurtig, member 0[ Committee tor an Inde- pendent Canada, predicted Mon- day that the government's forth- j coming policy on foreign i ship will do lillle to "rcpa- I triate" Canadian economy. "Many of us believe lhat it eould be a very, very disastrous j Affairs Minister Mitchell turning point in Canadian his-1 Sharp and Trade Minister he told a news confer- ence. Mr. Hurtig said he has little inside information on what the policy is likely lo include, but is Jean-Luc Pepin, are committed to an "intense defence of the status quo." Unless something meaningful is done soon lo start regaining Livestock report Pld j at steady prices. Weaners 7.25 to moderately active trading. The noon Dow Jones average of 30 induslrial stocks was up 5.04 at 915.84. B.C. The firm and 28 of the owner- operators opposed inclusion in the bargaining unit of men who Grain prices Winnipeg Grain Advances led declines by 7 to j own and drive their own Irac- 5 among issues traded on the tors, hauling company trailers New York Stock Exchange. under contract. Analysis said investors were coming back into the market for selective buying. Control Data was up 2Ta to j Polaroid was ahead I lo 5107; Xerox was up at) and IBM was up 1'i at S370H. Among Canadian issues on the j NYSE. Walker Gooderham ad-; WINNIPEG (CP) All rape- vanccd to and Inlerna- i seed Mures were steady or lional Nickel ?i to Gen-1 fractionally higher in a fair volume of exporter trading at mid-session on Die Winnipeg Grain Exchange Inday. 1 In flax, prices were fraclion- j ally lower in light exporter I trade while rye continued to re- j cover from losses earlier in the week on a moderate volume of local and commission house trade. The feed grains were fully Cdn Invest Ccl Mulual r.rnn'.v Inier Cofipcr Falc Genslar Homp A Hon-.e E Hud Bay Co Hud Bay Oil 5.02 5.51 Growers 6 55 7 E9 Key Indusl rt.lo 15.59 Hvs 3 75 f. 12 Interior Brew 1175 rr.rn Invest 595 651 Ink- Mariner 1..'0 rcro In SI F 510 5.57 p.-cilic V.' Air 1 33 Dreyfi's F U.S. 12.971.107 Stampede KM Res 33.75 Gr In Shares 3.B5 .1.23 OILS 19'7'jGr Equity 7.12 7 H2 Albany Oils, am Invesl Gr F 12.00 13.12 Plains Pel. stDck calves on offer sold steady. Good feeder steers un- der 750 pounds 37 to 39.35, 750 pounds up 34 to 36. Good feeder heifers 30 lo 32.80, good slock bunk publishers. Hud Bay Oil Pld Invest Mutual 5.7.1 6.73 Explor .19 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE OUQIEE) nilQ slar Ltd. declined -H to 514-li. On the American Stock Ex- change. Brascan Ltd. gained -s to Business EDMONTON senger traffic (CP) through Pas- Ibe Announce sale o[ engines lo Yugoslavia OTTAWA (CP) The Ex port Development Corporation announced Monday that agree- ments had been signed for sale of 100 electric loco- j SALE DISCUSSED motives to Yugoslavia. The I REGIN'A (CP) N'egoLia- Jocomciives in'IJ be supplied are conlmuing city's Industrial Airport show- ed a major increase last year and is expected to grow lo al- most I his says air- port manager Les Marchant. Mr. Marchanl said Uic air- port handled an estimated 000 passengers in 1971 com- pared with in 1970 and "this year we are expecting passengers." jPL VNT CLOSES i WINNIPEG (CP) Dent's Canadian Foods Ltd., a Wini- I peg meat specialty has closed ils operation indefinitc- General Motors of Can- ada through ils London. Ont. The EDC said it will pro- Federal Grain Ltd. between and the Lhrcc Prairie wheat pools con- cerning sale of Federal's grain S38 million to cover pin-- j har.dling facilities in the three of the locomotives. I provinces. "LIKE A HOT KNIFE THXOU3H A DESCRIPTION OF THE NEW HOLEDISSER. IN TESTS, IT'S MOLYBDENUM-TUNSSTEN FENETFWTOR HAS DRIVEN THROUGH 35 FEET OF SOLID ROCK AND A 4-lN. HOLE 1000 FT. DEEP WILL BE ATTEMPTED I i.-MOE TUNNEL AS QffWSk COULD 8EMELTEO OUT AT 300 f DAVf sLeady in an extremely light volume- Volume of trade Monday in- cluded bushels of flax, of rye ol Van- couver rapeseed and of Thunder Bay rapeseed. Mid-session prices: Flax: May lower July u lower Oct. U lower 2.G2B; Nov. 2.fi2A. Eapeseed Vancouver: March unchanged June higher 2.49ls; Sep. na higher 2.47niB; Nov. not open. Rapeseed Thunder Bay: May 1 higher 2.36nH; July higher Oct. 1 higher 2.37Ts; Nov. not open. Oats: May unchanged GS-TfiA; July unchanged 68-lsB; Oct. not open. Barley: July unchanged Oct. not open. Rye: May higher 1.00; July V: lower Oci, -U IN RECEIVERSHIP higher 99B- (CP) Gensers j quoles Monday (basis Lakc- Fnnvlijrc of Winnipeg, a fair lly-owned retail furnilun- i High firm that launched 461 years ago, has been placed iji May 2G3 receivership. a.m. Quotes) MINES Acme 2 Advocate Asb. 1 1 Akaikho Bralorne Droulan .2-1 19.00 Drunsv.icK 3.55 Canada Cenlral Pat. Chimo Cons. Rambler Coin Lake Coclipnour Dickinson Mires Dcnisori Mines Dcpr Horn D'Eldona Dorr.c Wines Donaida DiscovEry Eacl Walariic Eflsl Sullivan Falconbrrdge Frobex Firsl Mar Dimes a.m. Ncrlex Osisko Pine Polnl Pfacer Dev. P.C. Exp. Quebec Man Rayrnck Radicre Rio Algnm Roman Corp. 2.75 l.EO 1 15 7.75 1.70 .0.1 .50 4J.OO .07 .75 1.33 90 Sherrilt Gordon Silver Miller Sleep Rock Tok Corp. Texmonl Upper Canada Wrighl HargreavEs Willroy Windfall Bear Zenrmc INDUSTRIALS Abiliti Alcan Algcma Sle Atco Ind A'lan Suqar Agra IrcJ .09 t Doine Pele DoFflsco CAB Frt of Amer Gl Cdn Oil Gen Motor? Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk 1 Imperial Oil Irrasca Int Nickel Inl Pipe Int Utilities IntiL'Gl Accpet Lanrenfide Doug A Quotes) 3D.50 j 17.SO 71.M 79.50 17.37VJ 26.75 1775 2.70 2300 46.1214 ?0.2S 20.75 ?7.n7i's 31.75 -S.30 Lceh GrandUL Headway R.L. Hollinac-r 7.00 2S.PO ly M-S 21 25 Hydra E Iron Bay Jolicl Quebec Key Anficcn Labrador Lake Shore Lanois Silver Madsen R L Malarllc G.F. McWsc-ly Maclnlyrc Mela AAidrin I Mom Wrgul He'.v Wesl Home New Afnona New calumel W. Horse Copper Noranda Norlhgale Bell Brazil Trac R C. Tel Burns B.C. Forcsl B.C. Suoar Bow CAE Ind frin Drew Chemceil Col CellL Cal Powoi :se Credit C W.N. Gas M Cdn indt'sl -72 Canada S S -73 Cdn Marconi .Ofl Cdn Vickers i7.0i) Chrysler .12 CPR .17 Ccmlnco 36.50 5.25 Lofclaw A Wclro Massey Ferp 19.75 McMillan Bloe l-i.OO Mosre Corp 10.75 Alisons A 7 00 B 1055 Ncrlh, Cent fO Pcwer Corp 70 63Va Price Co 63.50 Rolhmans u.50 SI Law Corp Shell CDA 23.25 Simpson's 3775 Simo- Sears S'ecl of Can P, Selkirk A 5.25 Texaco Traders Gp A 57.CO Trans Mtn Pp 1.1S Trans Can Pp 11.121a Union Pas 15.53 Union Oil id CO V-rsatile Mfg 95 Wcslecl 12.00 Union Car 33 62''? Weston'S B A' 17V? Wrst Cdn Sd fl.fn Zenith Elcr 19.371'; BANKS 71 ID Can Imcerial 37.37' a Monlreat Royal Tor-Dor 3.5.1 4.00 19.75 1375 77 (10 22.67V! 22.50 7.75 19.75 21.00 35.00 7.U3V: 32.DO 79.25 19.25 1725 2.'rn 2.BO 79 62Va 21.75 S7.0-3 May unclianged T Bc-1h Sleel Neic York stocks (Supplied By Richardson Securilies of Canada) 75 Senrs 102.3713 20 Golds 176.11 :ff .17 .Sid Oil ol N.J. 74.a13 10 Base Mel 65.32 off .75 31.75 Texas Gull 118.25 15 W Oils 713.H up 1.71 32.75 Texas Co 3325 Volume Corwsl Wickn Corn NEW YORK AVERAGE! Duconl 141.25 WcDlworJn ?0 Indus' 915.9J UD GM Weslinohouse Elec -1J.75 20 Rails 252.7J of! 1.17 Guif u-s- 5le-' 32i713 15 Utilities 111.70 rv' .32 Copp-r 2450 TORONTO AVERAGES 65 Slocks 315.J6 oil !3 Montgomery Ward 30J5 20 Indusl 19B.16 up .96 Volume heifer calves 32 lo 34.25. 28.85. Lethbridge Livestock No cattle sales due to weekly saJes ol and feeder hogs. Sales 850 liogs, 23 sheep. All classes o[ v.eaner and feed- er tegs met very good demand 13.75; lighl i feeders under 100 Ibs. 14.50 tn 21 per heKl; heavy feeders over 130 Ibs 29 to 33.75 per head: light fenders under 100 Ibs. sold j JJogs average base price 22.50 lo 27.75 per cwl.; feeders over 100 Ibs. sold from 20.70 to 21.15 per cwl. Boars sold from 70 dollars to 97.50 per head. Butcher hogs sold Mon- day at the Lc'Jibridge yards I 29.10 lo 2D.35 base price. There 200 hogs sold for export. Price converted lo 23.35 I live weight. Good lambs 25 dol- lars. Calgary livestock CALGARY (CP) Receipts to 11 a.m. today on the Calgary livestock market were 1.075 mainly slaughler sleers and heifers. Trade was active. Slaughter steers sold barely steady with last week's close. Heifers were fully steady. Cows sold steady with week's higher prices. Bulls steady. Choice steers 34.50 lo 34.80, good 33.75 to :n.50. medium 32.50 (o 33.50. Choice heifers 31.75 to 32.30, good 30.50 to 31.73, medium 29 lo 30 50. Good cows 23.50 to 2-1.50, medium apprehensive because many j control of Canadian industry, cabinet ministers, such as Ex-1 Mr. Hurtig said, foreign owner- ship will have progressed to l.hc- point where it can not be stepped or reversed. Mr. Hurtig also criticized a SI program of govern- ment assistance to book publish- ers announced Fridav by Secre- 22.25 to 23.50, canners an'l cullers 19.50 to 22.25. Good bulls 25.50 to 27.40. tary of Slate Gerard Pclletier. EXPECTS I.ITTLF RESULT "The results of that SI .7 mil- Beplacement cattle consisted ijon are g0jng to ven- very mainly of steers and heifers negligible." Mr. Hurtig said, selling at steady prices. Few what publishers were more bank loans lo finance their capital-intensive industry. He praKed the Ontario govern- ment's program of guaranteeing Jobless money late He said a Thursday meeting of the Committee for an Inde- pendent Canada in Toronlo will decide whether the organization vrill endorse particular candi- dates in the federal election ex- pected in June. In any case, he said, local branches of the committee will organize public forums to ques- tion candJdales on their al- ludes toward foreign ownership. Replying to other questions, he said studies show that Can- ada has enough capital to fi- nance an annual increase of five per cent in the gross national product without using foreicn pilal at all. He called for OTTAWA (CP) Manpower Minister Bryce Mackasey ac-! Jcnowledgcd today that Ihe Un- studies on Ihe effect of foreign employment Insurance Commis- sion was at least two weeks late in paying unemployment j more unemployment capital on unemployment, say- ing foreign capilal may result in insurance claims. It was less lhan two weeks late paying other claims. -p He said in a statement thai j K Ol'Cl claims delayed for lack of infor- mation "were not being re-1 lurned fast enough into the SCCOlld work stream after the informa- j lion had been oblained." Air. Mackasey said all de- j layed claims now have been T1 dealers seek liaison 27 after repealed complaints by lion 27 per cent [rorn Uie REGINA (CP) Improved j claimants, MPs and others that mjiu'on earned in 1970. paid. The minister ordered a na-! DETROIT (API Ford lionwide survey of all unem- Motor Co. announced Monday ployment insurance claims Jan. its 1B71 profits totalled S657 .nil- liaison with prooncial govern- menls was Ihe aim of several resolutions passed by Uie Sas- kalchewan Ma Imple- ment Dealers Association at the conclusion of a three day convent ion. One resolution asked communications wilh the Sas- katchewan government re- payments in many cases were e a r n i n g s per share were weeks behind schedule. .Air. Mackasey earlier had de- nied any major backlog of un- paid claims. Mr. Mackasey said the 5.079 cases of late payments rcprc- scnted less than one per cent of or Ihe current load of claims. He said a number of new sleps have been taken to iin- garding recovery costs j process_ Com. putcr capacity and the number of telephones had been in- creased and special expediting units had been established in major commission offices, However, unemployment in- surance was not welfare and the claimant must prove his entitle- ment to benefits by meeting all conditions of the law and by providing all the information re- quired. Close SKES IMPROVEMENT VANCOUVER (CP) v i c c-presidenl and general Jiy Oct 232 i Kapesccil Vantmiver The Mar 255-1..i 263 259 262 Vi manager of Can.-dian Accep- tance Corp. Lid.. Frank Hall of Toronlo, said here he and his company believe will see improvement in the Canadian i economy. ''Oin- optimism .s based on factual ccnsidcnitions." Mr. Hall said in an interview. "People don'l lease and Ion I borrow unless they can handle Qcl Hie obligation. i Har i------------------------- [May AVALANCHE KH.LS 2 Jly CAP. France (AP) An ava- Oct Irncho rol'd! a niountnin- Ityc r.tnr lit'rc biirunc May in and killing Iwo .IK Frcni'ii .skicr.s inside. Ocl Jun 251' 2-17-; 2J61, Provincial labor leaders blast new government dealers have lo pa> as a re- sult of recent provincial legis- lation which shortened the work week and increased the minimum wage. indicated any in- crease in costs could be ex- i pcctcd lo be passed on to con- snmers and IhaL the effect of the labor legislation may be to force higher prices on farmers. One Manitoba dealer warned of the effect of Manitoba labor legislation particularly re- garding overtime pay which he said has led to dealers in that province charging a deterrent fee to any farmer who calls for service after a dealer's regular shop hours. Sep 2 Nov Kapcseert Thunder Bay May 237 233 Jly 235'i 235 Oci. Nov Oals May Jlv 245 240 63-i 70 EDMONTON' (CP) The j Alberta government was criti- cized here by two provincial labor leaders for failing to ap- point neutral arbitration board chairmen. equal partner in the economy. Both agreed lhat bargaining in good failh is Ihe mosl effec- tive system devised so far. Bob D'EsleiTe, chairman of Ihe Alberta labor relations BROADLOOM Roy Jamha, president of the board, said he fell Alberta's rec- Alberta Federation of ord of labor selllenient was said there has been no improve- "not tad. but we should con- men[ in labor relations since (he (.iiiuo socking boder melhods of Progressive Conservative parly I reaching agreement.'1 j formed llic provincial govern j Rival parlies lend (o slop bav- menl. gaining and leave scillcmcnl lo ''All Ihe chairmei] appouited I the srbilrator. he said. The gov- i in this province come directly eminent would prefer thai Iho from chamber of com parlies settle Ihe disputes them- iiu'rcT.'1 he said in an inter- selves. view. "There isn't a labor per----------------------- sou used as chairman." I GKTTIM; IMPATIKXT j ''We haven't given up wail- ing, but we're gelling inipa- Ijoo Lancaster, area scntnlive for Die 1'niiadiaii Net earnings By THE CANADIAN PRESS Oenrr.nl nakprirs LMr, nine months ended Jan. 1; 1972, Sfl2.R77, II mils n share; 1971. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by Uie Alberto Hog Producers Marketing Board. Edmonton: 28.80, average Monday 29.07. Red Deer: 28.80. average Monday 29.25. 28.85, averEge No sales, av- erage 29J7. Lloydminfler: N7o sales, av- erage Monday ?8.75. Grande Prairie: No sales, average Monday 2N.74. T.ila'l sold Monday II.- 291. average 29.09. Sows aver- age 19.55. Beef futures WINNIPEG (CP) Live beef futures close Monday. Kar. 35.00N: May 34.10 N. July 33.50B. Friday's volume: No con- tracts. 56.18, second-highest in Ford Ford's worldwide sales last year were a record Slfi.4 billion, up 10 per cent from billion Iho previous year. Ford was (he last of the Big Four U.S. aulo-makers to report 1971 earnings. All showed sharp increases over 1970. OAKVILLE, Ont. (CPl-Ford Motor Co. of Canada Ltd. stt records in bolh sales and earn- ings during President Roy F. Bennett announced here. Earnings for the year were 8 million or J9.15 a share, up about nine per cent from SC9.4 million or S3.37 a share a year earlier. Sales of the company's Cana- dian and overseas subsidiary operations tota'Jed SI.46 million, an uicrease of about eight per cent over Ihe million in 1970. MOST HAVE TV Of Canada's 5.5 million house- holds, 96 per cent have televi- sion seLs. Calgary: Monday 29.12. Lethbridge: Union of Public Employees, j said compulsory arbitration will l.aurrntirtr rinanci.nl Corn. I.dl., year ended Dec. 31: 1971, 51.17 a share; 1970, 75 rails. not M-orfc. He snpgcslcd a .system, used In Sweden, labcr, nian- agpincnt and government agree early in tlio year on guidelines lo be applied in bargaining. Tho throe parlies discuss Uie econo- mic .situation and work out an ngreenhle. sellliMnenl. Mr. Jamha snui voluntary ar- bitration could In- I'ffcclive if was as an 600 laid off Dividends By THF. CANADIAN TPFSS heaver Liinilicr Co., common cents: class A 25 cents, pfd. nr> cents all April 1, record March 10. REVELSTOKE BUILDING MATERIALS LIMITED 1602 3rd Avenue S. Lethbridge PHONE 328-0971 Onl. (Cri The firsl of men lo be laid rff liy Inlornnlionnl Nickel Co. of C.in.idii in Hie noxl t'r.rcc monllis lofl work Mon- day. l''urlhor layoffs arc sched- uled lor March Jind April. RELIANCE AGENCIES 82? 3RD AVENUE SOUTH Is Your Car Insurance Too High? TRY US FOR SELECT RATES Is your home adequately Protected? For Sound Advice and Top Service RELY ON RELIANCE 327-1116 ON PHONES 327-0433 CANADIAN RADIO-TELEVISION COMMISSION The Canadian Radio-Television Com miss ion will hold a Public Hearing ol the Empress Ho lei, Vic I or ia, B.C. com- mencing on Tuesday, March 14, 1972 of a.m. Jo consider. AM RADIO LICENCE APPLICATION ELAIRMORE, ALTA. (7107618) Lethbrdige Broadcasting Limited, 1015 3rd Avenue S., Lelhbridge Application for a licence lo carry on a AM broadcasting undertaking al Blnirniore, Alto., with programs parl-lime from ihe sludios of CJOC lethbridge. Alto. Tpchnicol Dojo.- frequency.- J 490 KHz; transmiller power; wotls dsy, 250 walls nigh! Examination of application; Town Offirp in B'oirmorc, Alia PROCEDURE FOR HEARING applications cannot filed by applicants.- TIME LIMIT Following the publication of