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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 16, 1972, Lethbridge, Alberta quotations Vancouver, Calgary, Montreal Dohprly, Ijinilcil) LAST BID Oil SALE B.i'i. B 'Ti. (Juofes I OI.'DD fl m. Ouojcsl WESTERN OILS l-luil U.iy Oil Pld 5n 00 Inve-.l Gr 1 AKniiic.- 5 FO Hucjh 1 1 .'0 Invril Mvilual 57? 4.25 Aim l-osl Gas '-in Husky on 15 Mulual Ac 5.7J 19 OJ Oil n J'H.S Mulu.ll Gr F S.eO Oil Wdr C.I Nell Rps 7.10 7.76 DP Oil Gas 5 f.n Inter Prnv I'irir IS.U'i N W l-in E5 5.33 fan -iouth 75 Inlrr I'rov Sli'Cl 9. CO H Vi' Gr 608 rein Ex Gsi KS Kni'cr 3.85 princlp.il Gr J.56 AW hctnc-i'd B .'0 MGF Mtinflne 2.73 RoylunJ 6.18 6.43 Home PW 1675 Piicillc PHr 31.00 Unilccl Ac 5.31 5.B7 cm "nil 953 R.lnlcr 550 Universal Snif 7 5f Cc-n Lent, Is a TdHlync "0 VANCOUVER Ct'n supnr Jl rff Wcsl Sf'rd 600 MINES Cliarlcr 5.10 While Yukcn 11.50 Anuk .38 rhu.llan 9 CALGARY Arclic Mining iJ Dim" 31 SO Atrcll .50 Alias Explcr 39 GT Plnins m nnrons Oil OS Ba'h None US Gl Ctln 5.10 Madison IC'iBrcndj 5.00 Lcchid 1 H Horlll Conl 02 Churchill Copper .7. Norn, Cd, Oil wos, Warner 5, rroydcn D.I. S75 PIPELINE STOCKS Dolly Vardcn .32 Pan Cdn Pel! 575 Tr L A il.M Dvnasi, 7..IO Pan OCMI, Alls Gas Tr L Pld 79.00 .39 Alia NCI Gas 31.50 wascol nnnnL.e Inland N.Tl Gas Grnnislit E.20 G" -i N nr.J C 13.87'.] Kan.lonps Copper p'1' "r N and C B Pld 2B.50 Lornex 9.30 R c! i' '5 Psclf'l: Gfl5 Tr 13-M Lyllon Minerals 1 73 H5 Gai A tl.U pyramid !37 Tr Cdn P M.Wi silver slandard I.J8 Tr Cdn P Pld B 1..50 Tfxmcnl '.I 5j Tr p A 7.1.6313 Decjln s.-o Tr p War um v copper Polc S-B711 WC Trans 2000 VK .01 MISCELLANEOUS WC WIs 11.00 INDUSTRIALS INDUSTRIES MUTUAL FUNDS Clock Bros 3.55 Ar> alfline All Cdn Com B.61 9. .10 B.C. Sugar 30.25 princ- 5. 87' 3 All COn Divid 9.60 10..I9 B.C. SLgnrd Pld li.JO Cdn r.re..-.' A 3363'': A'l Cdn Vpnl 3.96 .133 Capf 675 Frew 0 3r 35 Anir Gr F 4.67 7.32 Crcslbrcck F Ind d.SS am Ifiv 35.ro AGF Special 3.37 Key Indusl .J5 Ind 3712'iCfln In Fund 503 551 Hvs 3.35 Cynnus A 6 C3 Ccl Mulual 6.61 7.36 Interior Brew 3.90 B S.fO Cmnw Inlcr 1J.U 15.58 Inlw Mariner .72 Fa'ccn Copper 11.73 Cmniv Lev 3.75 A13 PEcilic W Air Ui3r3Ccrp Invest 596 4.51 stampede Intl Res .94 Hemp A 3J.M Ccrp Invest 5 F 511 5.59 OILS B Drcyius F U S. 13.93 1-1.06 Albany Ci'5 .IB Hud flay O 19.j7'.3 Gr In Shares 3.B7 i 36 Plains Pole 76 Hud bu> Oil Gr Equity 715 7.B5 Weslern Explor IS Toronto mines, industrials (Supplied By Ilichardsnn Securities of Canada) LAST BID OR SALE n m. Quolesl (11 -00 a.m. Jucres) ;il-00 fl.m. Ouofcs) MINES Norihgals 5.15 Dom? Psle 31.62V2 Acme 33' i .27 Dclssco 5SH71'; Advocate A5b 175 Osiiko 7S CAB 17 Pine Point Fd of Ampr 7PM Rrolrrne 3 P'scer Dev, 7fi 3r'-i Gt Cdrr Oil Broulan 2-i PC. Exp. 5 SO Gen Colors Bdhlohcrn 17.00 RavrocV. 1 33 G! Lakes Pap 17.75 Brunswick 10 Radbre 25 Gull 01! Cda 26 SO Canada Tung. I..i7 Rio A'gom li.SO 1750 IP 75 Roman Corp. 700 Hav.-lspr Sid 2.70 Ccnlral Pal 1 EO 5horrilt Gordnn 1.155 Huron, Erie 5950 Chlmo 1 Ifi Silver Wilier Hiram Wnik 00 Conwcsl 7 Sfeep Rock 2 H Imperial Oil Coni Rambler 1.61 Tek Cnrp. 510 Irr.asca 30.25 Com Lake Tcxmonl .W.'-i Inl Nickel 37 Cochenour 59 Upper Canada 7. DO inf Pipe 32 Craiqmonl B2B Wc-slern Wine1; 2 TQ Irw Go A 10. Mine MS HargrCBvcS 1.20 (nt Ulili'is can'l trade WASHINGTON (AP) The United Stoles can no loiigcr afford a mullJ-bilJion-cloUar trade deficit with Canada, o commerce department trade official said today. Edward L. Allen, a deputy assistant secretary for bttema-tional economic research and analysis, said the actual trade deficit with Canada in 1971 ranged from billion, the Canadian estimate, lo S2.4 billion, the American estimate. "By any reckoning, it is vevy large, and represents a major balance-of-paymenls drain lo the United Allen said in remarks prepared for a conference of business executives on U.S. -Canadian Allen said the U.S. efforts to correct continue Icit ivith i problems have been "of very real economic benefit to Can-Etta." He said Canada's competitive position has been improved because of currency revaluation, and automobile exports to the United States have been stimulated Ixjcause of the repeal of the scven-per-cent excise tax on automobiles, and extension ol trade concessions won from Japan and the Common Market. Allen said more than half the companies in Canada with assets greater than million are foreign-owned, primarily b y American companies. While information is not yet complete, said, it appears lhat more than half of American imports from Canada are from large Canada manufacturing and mining affll iales. Allan said the. hopeful area for reducing the trade dcfici with Canada as a result of cur rency revaluation "lies in pros pects for increased imports ol U.S. manufactured goods by Canada. A CORDLESS ROTI55ERIE FOR FAR-OUT SARBEQUES RUNS 6 HOURS ON ONE BATTERY CHARGE. IT COMES WITH MOTOR, RE -CHARGER.SPlT ANP SKEWERS... X REPLACEMENT WOfiAUUC THAT EASE THOSE JOLTS TSE stoc continue 'IT' I'ncvs oil the T.iainti) sloi'li market continued Inrir I'pw.'inl trend post-irg fractional advances in active trading today. Tl-c imliMrial index was up to cjids ,rr, (o IIS.CKI. base nu'.ai.s 1'J lo and western o.'s to V n in c hy 11 a m .-hr.res. coairarcd 71! a! llv prices advance Monlrt'iil Slock ExchmifU1. down Zvi lo while Tnzcc Jofa'L J2 to S2D12, Boll Canada to WG'n. IAC Ud lest 'it lo ?2ljis. The company Tuesday it had acquired "a substantial equity interest" in nlfrna-lininil Capital Corp. Lid., a private o o cMHT.ped in merchant huikinr! i'.'id financial buys Alberta company MONTREAL (CP) Petrofina Canada Ltd. announced today it has acquired all of the shares of Arctic Islands Resources Ltd., a private Alberta company, for an undisclosed price. Arctic Islands' .sole asset is a two-per-ccnt carried interest in the net production less pre production expenses ol Pansctic Oils L'.d., from holdings on the islands and the continental shelf north of the Canadian mainland. Petrofina said the decision to enter this far northern exploration by way of a carried interest gives it broad future exposure to the potential of the islands, while fixing its cost commitment. dies at Edwonlon EDMONTON (CP) Donald Jack Avison of Edmonton, BO, former manager of Ihc Alberta and Northwest Territories region for Impcial Oil Lid., dieci irorc. Born in Rosemarlde, Scotland, Mr. Avison came Lo Canada at age 20 and settled in Winnipeg. He moved Lo Edmonton a year later. In 1922, he nras appointed manager of Imperial's Saskatchewan operations and in 1947, returned Lo Edmonton ss manager of Ihc Alberta and Northwest Territories regions, He retired in lii-'Id .i v, icV margin over u> with Kit) moved nvxicri'lr'iy LT 11 r.t Ih? 17 iii.Vgronps inc.! u'.iiiiy and slr.'iis drifted lower. up lo ClirvsJor T. ID 1m-pn-i.il In f PEIIIIO In i lo M-i'd ar.d 'fi.cmsc.il 'i lo SJ4. 'T. XcrLinda tfi K.rlco lo Canadian Brcwcric.; lo and nar.k 10 fli'i-Dome Pete fell lo ScuTn-fcuilMu- lo SI7. 1 to Tara to PIS'i, International niliiicrs (o and Ilndsor finy Mining '-i lo rut.Mi.v; 10 after rcpr-lms n clrup in net cnniir.gs lo millifr.i from 57.7 mill an in 1970. MSI'' irK'ludrt Ilussi-l l.'.d. up lo S121 Caiu'.dkui 1 lo Sin. Holhjua-js T.s lo Imperial Oil to Krascr Companies 'n to 31 4 O'.nron '2 Lo i, Moore Cnrp. to Normida '2 lo 537, Texaco Canada '2 Lo On the Canadian Stock Ex-diange. iNorco Oil Corp. down l-s cont.s to SI. on a voi-nm-2 cT slinrcs while Phoenix Canada was up 20 cunts lo ?u.lO on shares. DJA L'P XEW YORK fAP' Bliin H'ip.s led a slock mai'ket advance today as ihc trading pace quickened. The noon Dow -I ones average of 39 Jnduslrral stocks was up On the New York Slock Exchange advances led dec incs hy about 3 to 2. AnaJyst.5 .said conUnuod pressure on interest rales and re-poris Tuesday tliat personal in-conic and industrial output gained la.s( month stimulafed investor activity. Among Alcan advanced r's at 5201.! and Gonstar Ud. up '4 aL Walker Gooderhnm declined -1- to Hudson Bay Mining was off to and exper with United ,6 BRUSSELS (AP) European defence experts say they arc tired of United Slates complaints lhat they are not doing enough. They are convinced Ltey are pulling their and in tlie joint defence effort. One European government ha? prepared figures to show that Ihe U.S. military outlay this year will be 30 per cent less Lhan two years ago in real that is, allowing for inflation. The same [ipurcs show expenditures by the West European allies rising CVi per cent in that period. Lord Carrington, Britain's defence secretary, recently pointed oul thai according to U.S. defence department figures, European memhcrs of the Atlantic alliance provide 90 per cent of the ground troops, 00 per cent of the sailors and 75 per cent of the nirmen in the European theatre. European troops cost much less to maintain than Americans. A Belgian conscript, for example, gets 50 francs a day, are fed up States crying 5 ,13. Most American solders in Eurcpe get at least a day, and many a good deal more. Tins is one of the main reasons the United Slates spends more on its forces in Europe than the entire defence budget of any other member of the alliance. The U.S. troops in Enicpe cost up to billion a year to maintain. The next biggest defense spender in Europe is West Germany, which spent about billion last year. Europeans contend it is infair to make comparisons out of dol-Irrs spent. Americans, despite their international economic troubles, are still much futures WINNIPEG (CP) Live bett futures close Tuesday. Mar. 35.00A; S4.00B; July M.50B. Monday's volume: No COD-tracts. (fiiota is extended "WINNIPEG (CP) The C quota for barley has been extended lo all prairie shipping blocks, the Canadian W h e a t Board announced Tuesday. The quota extension, authorizing the delivery of an adi-tional live bushels a quota acre in the 12 remaining blocks, is effective MONTREAL Hr-rn .0-1 Yellowkmle Bear J d5 Laurcnlidc D'Efriona a? .06 Kelly Doug A 6 CO Winci 50 INDUSTRIALS Loblaw A 600 07 Abililii B.371! Mslro Slcrei 19.CO n-cnvery Mine' 75 Alcan Ferq 13.75 Msiarlic 1 33 Algoms S'ccl 00 AAcWillnn Bloa 27.00 Sullivan 1 EO Alco Ind Wccrc Corp J3 13Vj Polccnbriclge 61.50 Agra Ind 10 SO Molsons A 27. Frnhex ]i Bell Tel -'-4.00 Molscns R 00 Tfrsf 72 Trac 30.B7Va Norlh, Cent G'-fit Y.K 8 SO B.C. TCI 6J J5 Power Corp 7.75 Bovis 1.R5 Burns U.H1'! Price Co Grsnduc -140 B 5. Foresl 2i.tX) Rolnmans 23.23 Hpsriwny R.L. 700 B.C. Suoar 20.25 Shell CDA 35 62'A Hollinacr 38 00 Row Valley 20-75 Simpson's 2J.50 Hu'Isch Bay AA-S 11 DO CAE Ind simn Sear? 3200 Hydra Ex. 19 Cdn Brew 6 75 Sleol of Can 39 37'A iron Bzy J 40 Cfiemcell 5.25 Selkirk A 1900 Iso Co! Cpllulcse 270 Texaco firming Iror.d on the Montreal Block market lodr.y. Papers trailed the gainers with a IOF.I of .43 to 87.97 wlu'lc rials liiovcd U.l lo 1SO.W. ulili'.ies .31 lo 1G4.72, banks ,2'i lo and (.lie composite ,IM to 159.32. Combined volume on Ihc Montreal and Canadian stock exchanges nt 11 a m. was 274. BOO shares compared with 2111 .100 ill Ihc fame lime Tuesday. International Paper headed Ihe retreating issues on INVESTMENTS LTD. NW EQUITY FUND LTD. NW GROWTH FUND LTD. NW FINANCIAL FUND LTD. For a confidential disunion call or write DICK BATEMAN, 609 10 St. S., Lethbridge Ph. the American Stock Ex-cltangc. Brocan Lid. advanced Lo S211 i. Scurn- Rainbow Anacon 22 C.W.N. Gas H W'.'i Trans Can Pp 50 Labraclnr 39.00 Cdn Indust 15.37V3 Union HUVi Lake Shore 270 Canada S S 40.00 Union Oil U.OQ Lannls Silver .03 Cdn Marconi 3.15 Versatile 500 A'.aclie.i R.L 73 Cdn vtcken 11 Westcel Valarlic G r. .72 Chrysler 33.50 Union Car BELIEVE JOHN COGO IS THE RIGHT MAN TO REPRESENT OUR CONSTITUENCY IN OTTAWA AND Grain price review Winnipeg Grain Ma.v lower 955s; Ocl. (VI.NXrPEC (CP) Flax July f.'i t7.QO Cominco 25 Wnoriwnrd's A Mr-ta .12 Cons Balh 8 50 Wesi Cdn Sd Aihona Dom Bridgi 25.75 Monlreal 31.75 Calumef .i2 Dom lar 1375 Nova ScofiB VV Horse 2.06 Dom Textile ?2.62Vj Royal 32.15 Noranda 3S.5D Dom Stores 1500 Tor-Dem 3-1 CO T7 7 -etainecl il.s sliahl gains and rapesced remained fractionally lower in light trading at mici- -e.c.sion on the Winnipeg Grain Exchange today. FlaA" was up as much as Tc cents in a light exporter trado. while all rRpesccd tuuiies were off lo 'i cent m light Iccal and commission house activity. T.iere was little trade in barley and nc. where prices fluctuated fractionary. Volume of trade Tuesday consisted of T37.COO bufliels of flax, l.lSj.rew of Vancouver rapt-seal. of Thunder Bay ropcseed and 280.000 o! rye Mid-sc.ssion prire.v Flax: .May higher .July 1'i higher 2.6a'2: Oct. 1'i higher Nov. not rpen. Rapesecri Vancouver: March Fe lower 2.52-VA; June r's low- er 2.W'iA: Sop. r's loner Nov. nM open. Rapcserd Thiruler Bay: May lower 23.viB: July 'i lower Ocl and "Nov. not open. unchanged July hitler Od. not op MI. Barley: U9'.i: July I., Oct. not Ford recalls 1972 models K, cirt irpi (V, f hrre if i.s nolilung about 5..100 owners of model Cor- tinns In return thr-ir cars to dealers for inspection of brake ;jnrl .idrlilinn of a rclain- A cnntpany said thni on vehicles, ihore hr> ir.suffk-irn1 elTirnnce bc.lwcrn Ihc front brake lines and the .steering onluinii as- sembly. Viulrr Mich circum- slancrs ii possible that Ihc linn conk] bo worn by chafing action. He .said th.it while any resull- anl low, in hydraulic brake pressure wnuld affrct only oni'- hnlf of thr> lirnkinR Kys'.cm, a noiiruhlc n'dnc'ion in braking ability would be ex- prrienccd. He s.iid such pres- sure loss would activate n warning light on the (lash panel. Gram quotes Tuesday (basis I High Low Close May iW s '2ti Jly 251 2S Od. 2311 j 23P.I K Nov 20: York stocks Ar.'GDflda Ecin Steel Alar Jim Si'P Ncv Vancouver (Supplied By Richardson Securities of Canada) )nd T 37Vj Montgomery Ward 20 Golds 176.21 up .18 15 n.T Sears 103.50 10 Base Wei B5.88 up .26 Sid Oil N.J. 76 15 VI Oils 214.33 up 1.13 Texas Gulf 118 13'7 Volume UH.pOO Jii'l'lNEW YORK AVERSGES '.Voolwcrfh 10 Indus! Up 6.92 FG.12'; Elec 20 Rails 252.31 oif Id 15 utilities 111.83 up 1! 3050 TORONTO AVERAGES 65 Sleeks 3M.M up 1.37 2637r..20 Indusl 193.32 up ,iO Volum? SINCERELY HOPE YOU WILL TOO! 247'2 WS'z 245 Itapcsccd Thunder Da- .May IT. Jly 236i i 23lin 236i2 Ocl 2.17 I A'ov 2-10 i Oats May fid--, j Jly Oct 70 70 70 j Rarity [May lOS'i icnn Jly Livestock report Rv jjv" ij prices price; to II a.m. provided liy tlv Alh.Tia Hog Producjrs Marketing Hoard. Kdmcnlcn: R'jd Deer: avarago Tiif.sday 2S.n-l. Calgary: average Tucwlaj Nn sales, aver- acc '.ni Lloyrlminslcr: Xu sales, av- CITRC Tuesday Grande Prairie: Xo sales, average Tuesday '2H.3S. hog.s Tui-.sfl.'iy 10.- average 'JJl.flO: aver- age 'itt.'ill. Calgary livestock CALG.UIY (CP) Receipts to 11 a.m. today on the Calgary !ivcsilock market were he-ad: mostly cows and slaugh- ter .steers. Trade wo.s active. .Slaughter steers sold steady, heifers were steady with no choice kinds on offer. Medium lo gjcd cows steady, canncr i cov.s on a strong basis. Bulls steady. Choice steers 3J.50 31.90, goml to 34.50, medium :a.yt to 33.50. Good heifers lo medium 2S ID Senate fnvors rulitic.tilion of 30.50. Good cows 23.50 to 21.50, medium 22.50 lo 23.50, canners rad cutlers 20 to 22.50. Good bulls 26 lo 27.50. "Replacement cattle were short keep steers weighing about pounds and selling steady. No stock calves were offered. Good feeder steers 33.50 lo 36. Hogs average base price 28.05. Ill SHAM) TCmo.NTO (Cl'i When en- te r t a i HIM- Carol Lruvrmeo a luowct'k rvMie ap- pearance at a local nightspot, her husband, singer Hohert Goulel, na.s on li.inrl at a fronl- row table In watch the proceed- ings, fn hr-r sliou' of .song.? and dances, Miss Niuvrciicc lor.k six male members of the audience up on .slago will) her for a top- hnt-.ind-c.nnc roulinc Ilial con- cluded wilh the mea canyinfl Iho attractive performer oft into Die wings. Ircuty WASHINGTON (Rculer) The Senate voted imanimoiisly I Tuesday to ratify a treaty lo ban nucOoar on Uir ocean .scalx-d, which supporters I hope will forestall another po arms race. The seabed arms c o n r o I treaty, originally proposed by Malta during an August, United Nations meeting and signed in February, 1971, by nations, bans placement of nu- clear weapons on Ihe ocean floor beyond (he 12-mile tcrri- Icrial limit claimed by most na- tions. It is intended to forestall use of such possible nuclear weap- ons as romoto-controlled mis- .silcs, anchored in the ocean floor off lire coasts of largel na- tions, or possible development of an underwater anti-ballisd'c missile defensive However, it does not prohibit the use of nuclear submarines resting or anchored on the ocean bottom. Calvary barbers boost prices CALGARY (CP) City liar-J Ijers rated ycslcrdny lo in- J crease their prices effective i March I. the first siieli fooosl since "The reason is simply Ihe i Jiiph cost of living and Ihc in-1 erase in rcnls and bnrbcr sun- j said fl.'iy Clnulirr, presi-1 dent of the C.nlgnry brnnch of (he Alhcrla Darher Aswiciiilion. On the ai'crage, the j means haircut prices will rise lo 52.50 from j Mr. Cloulicr said the in-1 crease, however, will nol be! limited lo haircuts bill will in- clude all barberinp -services, MODKI. TOWN INVIORNF..SS, Quo. (CP) A resolution w a s unanimously passed at a recent meeting of Ihc Township of Inverness call- ing for Ilk, construction of a model of the sma.ll pioneer town Upuer Canada Village, located near Morrisburg, Out. The sec. relary treasurer WM requested to obinin co-operation from pro- per nulhorilics lo ensure n suc- cessful conclusion lo Ihc pro- ject. Inverness is 45 miles souUiwcsl of Quebec City. Vice-President Red Deer Federal Constituency Active in Red Deer Provincial Election 1967 Jim Foster O Campaign Manager for Robert Thompson 1968 Federal Election Active in Lethbridge Past Provincial Election Richard Barton Thp nomination meeting for the Progressive Conservative Candidate for the coming federal election MONDAY, FEBRUARY 28th at 8 p.m. Civic Sports Centre llth St. and 5th Ave. S. Wo earnestly scok your support For John Gogo as our candidate to represent the Progressive Conservativei Walch Pendulum on CFCN-TV Channel 13 Wednesday, Tobrunry 16th nnd Monday, February 2lst ol p.m. Inserted by JOHN GOGO CAMPAIGN COMMITTEE ;