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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 16, 1973, Lethbridge, Alberta 24 - THE IETHBR1DGE HERALD - Friday, February 16, 1973 Prices on decline s TORONTO (CP) - Prices on the Toronto stock market were sharply lower in active mid-morning trading today with western oil stocks leading the decline. The western oil index plunged 6.60 to 274.13. The industrial index, considered a major indicator of market trends, was off .68 to 224.29 and golds 1.14 to 220.52. Volume by 11 a.m. was 854,-000 shares compared with 808,-000 traded by the same time Thursday. Among sectors of the market showing the heaviest losses were oil refining, pipeline, bank and real estate stocks while chemical, communication, steel and utility issues were higher. Declines outnumbered advances 156 to 104 while 180 is-h\ies were unchanged. Imperial Oil fell 2Va to $43%, Bow Valley Vk to $45>/4, Gulf Oil iy4 to $35%, Trans Mountain Pipe Line % to $21 and Shell Canada % to $54%. Kaps Transport rose % to $0Vi, Brinco Yz to $6, Calvert-Dale 15 cents to $2.50, Canadian Breweries Ya to $5% and Agra Industries % to $12%. Hudson Bay Mining and Smelting dropped Vz to $22% and Camflo 10 cents to $5.25. Gibraltar increased V* to $11%. TSE MONTREAL (CP) - All sectors except banks declined in moderate trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 437,400 shares, compared with 391,800 at the same time Thursday. Industrials dropped 2.73 to 246.03, the composite 1.% to 232.41, papers .80 to 112.23 and utilities .41 to 159.08 while banks gained .24 to 276.73. On the Montreal Stock Exchange, Imperial Oil dropped IVs to $44, Rapid Data 1% to $11% and Husky Oil 1% to $21 .while Dome Petroleum gained IVz to $44. On the Canadian Stock Exchange, Muscoeho gained four cents to 46 cents on 20,100 eh ares. NEW YORK (AP) - Stock prices drifted downward in slow trading today as the market began to settle in for a long winter weekend. Hog prices EDMONTON (CP) - Average prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 44.75, average Thursday 44.68. Red Deer: 44.75, average Thursday 44.66. Calgary: 44.75, average Thursday 44.70. Lethbridge: No sales, average 44.75. Fort Macleod: No sales, average Thursday 44.75. Total hogs sold Thursday 4, 765, average 44.70. Sows average 30.50. The noon Dow Jones average of 30 industrial stocks was off 1.95 to 179.18 in a continuation of Thursday's 6.78 slide on relatively light volume. Grain prices Winnipeg Grain WINNIPEG (CP) - The market recovered from opening losses and posted good gains as buyers bscame active at mid-session trading on the Winnipeg Commodity Exchange. Flax was up Vz to 3 Yz cents over the previous close, while rapeseed was Vi lower to 3 % cents higher in Vancouver contracts and Yz higher to unchanged in Thunder Bay. Rye gained strength and was almost three cents higher. Oats and barley were strong in active trading with barley advancing 1 Yz cents. Thursday's volume of trade was 1,262,000 bushels of flax, 3,421,000 bushels rapeseed and 735,000 bushels of rye. MID-SESSION PRICES: Flax: May Yz higher 5.30B; July 3 Yz higher 5.14 y2B; Oct. 3 V4 higher 4.87 %B; Nov. 1 % higher 4.67B. Rapeseed Vancouver: March 3 % higher 4.26 %B; June 2 higher 4.21B; Sep. Ya higher 4.11 B; Nov. Vi lower 3.80 %B. Rapeseed Thunder Eay; May Yz higher 3.90; July y4 higher 3.79 %B; Oct. unchanged 3.67 y>B; Nov. unchanged 3.60A. Oats: May y4 higher 1.20A; July Vs higher 1.16 %B; Oct. and Dec. not open. Barley: May IV* higher 1.49 S/4A; July 1 % higher 1.50 %B; Oct. 1 Yz higher 1.46 VzA; Dec. not open. Rye: May 2 higher 1.54 ysA; July 3 h" l'ier 1.53A; Oct. % lower 1.46 i/iB; Dec. not open. Grain quotes Thursday (basis Lakehead): High Low Close Flax May 5303/4 519% mVi Jly 511 502% 511 Oct 484 479 484 Nov - - 465y4 Rapeseed Vancouver Mar 432 418% 424y2 Jun 422% 412 419 Sep 414 403% 410ya Nov 381 37iy2 380% Rapeseed Thunder Bay May 394 Jiy 382 Oct 371',: Nov 363 Oats May 120 Jly 116% Oct - Dec - Barley May 143% Jly Oct Dec Rye May Jly Oct Dec 149]/i 145 154 152% 386 377% 366 357% 119% 116% 146% 147% 143% 150% i47y4 389% 378% 367% 360 119% 116% 108% 100% 148% 149 145 138% 152% 150 146% 142 OLIVETTI CANADA LIMITED Is now accepting APPLICATIONS from young men interested in a marketing or management career. For appointment phone Mr. D. J. McDowell 327-2555 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes) (11:00 a.m. Quotes) WESTERN OILS AND MINES Alta East Gas 10.12Vi Alminex 6.65 Asamera 12.87'/2 Ashland 14.12V4 BP Canada 18.75 Brenda Mines 5.IS Can South .1.75 Cdn Ex Gas 4.50 Cdn Homestd 8.55 Cdn Ind Gas Oil 10.00 Cdn Long Is .35 Cdn Super 53.00 Charter Oils -1.00 Chieftan 16.50 Dome Pete 43.75 Dynasty 9.40 Ft Reliance .34 Giant Mascot 4.05 Granisle 10.00 Gt Plains 35.12VS Gt Cdn Oil S 9.40 Lochiel 3.40 Lytton Mln 2.20 Noble Mines 1.52 N Cdn Oils 6.80 Numac 18.75 Pancdn Pete 16.25 Pan Ocean 15.12V4 Petrol 1.55 Pinnacle .27 Place Gas .71 Ponder .54 Ranger 32.37'/2 Scurry Rain 17.62V4 Seibens 15.75 Soooner .64 Total Peta 7.90 Ulster 1.05 West Ptee 10.12V4 W. Decalta 6.25 MISCELLANEOUS INDUSTRIES Crowsnesr Ind Cygnus A Cyanus B Falcon Copper F and M Trust Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud B?y A Pfd Hugh Russell Husky Oil Husky B Pfd Husky D War Husky E War Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd A'.aanssonics Pacific Pete PW Air Rainier Inc Roy?I Trust St Maurice Cap Sandwell Teledyne West cdn Seed Westfleld Min Weston A Pfd White Yukon 26.1VA 7.75 7.75 13.62VJ 8.12V2 17.12'A 41.00 38.00 20.25 52.12% 59.75 46.00 22.00 42.50 7.90 9.00 10.87V2 16.25 2.20 30.62V4 15.12V2 40.371/2 10.75 4.871/2 55.00 1.25 4.60 5.371/3 6.00 1.45 64.00 13.37V2 AGF Special Cdn In F Cmnw Inter Cmnw Lev Cmnw Vent Corp Invest Corp In St F 5.57 6.12 Dreyfus F U.S. 12.38 13.57 Gr In Shares Gr Equity Invest Gr F Invest Mutual Mutual Ac 3.26 5.34 5.85 15.83 17.40 4.20 4.62 8.47 9.33 6.51 7.15 4.36 4.: 9.09 9.98 13.09 14.32 6.10 6.67 Acres Ltd Aqultalne BC Sugar Pfd Block Bros Brinco Cdn Brew A Cdn Brew B Cdn Pec:fic Crestbrook 17.37'A 27.50 15.25 3.30 5.87V2 27.00 33.121/2 Inv 29.2.5 8.00 PIPE LINE STOCKS Alia Gas A 17.00 Alta Gas Pfd 73.25 Alta Nat Gas 22.50 Inland Net Gas 12.75 N and C Gas 11.25 N and C B Pfd 24.62Vi Pacific Trans 12.50 Gez Metro 5.00 Gaz Metro A 68.00 Trans Cfla Pipe 39.25 Tr Cda A Pfd 73.62'A Tr Cda B Pfd 42.00 Tr Cda War 9.30 WC Trans 22.00 WC Trans Wts 4.55 MUTUAL FUNDS All Cdn Com 8.29 9.07 All Cdn Divid 9.01 9.85 All Cdn Vent 4.37 4.70 Amr Gr F 6.20 6.81 Mutual Gr Nat Res N W Cdn N W Gr Principal Gr Royfund Temp Gr United Ac Unversal Sav Vanguard CALGARY Acroll Barons Oil N Contintenal West Warner VANCOUVER MINES Afton Atlas Explor Bath Norse Croyden Dankoe Davenport Dolly Varden Equitortal Res Lornex Primer Pyramid Sliver standard Valley Copper INDUSTRIALS Capt Inter Cc-1 Brew Hys Cdn Key Indust OILS Albany Oils Mtn State Res Plains Pete Stampede Int Res West Explor 6.42 7.06 4.31 4.63 8.24 9.01 5.79 6.36 5.66 6.22 5.16 5.67 7.18 7.47 9.35 10.22 5.65 6.21 8.38 9.21 7.58 8.31 .81 .021/2 .OIV2 .30 7,50 .47 .84 .051/2 1.14 .62 .32 .21 8.75 .36 .21 .74 11.00 2.80 3.40 4.60 .33 1.30 1.40 .30 .75 .06 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE 01:00 a.m. Quotes) (11:00 r.m. Quotes) (17:00 a.m. Quotes) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Brunswick Can. N.W. Land Canada Tung. Casslar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Maritime* Giant Y.K. Bovis Granduc Hoi linger Hudson Bay Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrlm Intern Mogul Nu West Homes New Athona New Calumet W. Horse Copper Noranda Northgate Norlex Osisko Pine Point Placer Dev. P.C. Exp. Quebec Man I6.62V2 Rayrock 4.10 Radiore Rio Aigom Roman Corp. Sherritt Gordon Steep Rock Tek Corp. Texmont Upper Canada .141/2 Wright Hargraves .47 Willroy Windfall Yellowknlfe Bear Zenmac .63 1.36 .63 2.90 .34 8.40 1.91 13.00 1.30 1.32 6.70 3.40 M-S 6.50 2.50 30.25 '%/, INDUSTRIALS 77.50 Ablfibl Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest ------ B.C. Sugar 23.121/3 Bow Val Ind .lavs CAE Ind 3.85 Cdn Brew 2.7S Chemcell .26 Col Cell H.37Vj Calgary Power .26 Coron Credit C.W.N. Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Cominco ,10Vb Cons Bath .12 Cons Gas 14.371/3 Dlst Seagrams 8.50" Dom Bridge Domter Dom Textile Dom Stores Dome Pete Dofasco .31 .78 2.40 2.74 67.50 .30 .43 7.C0 2.70 3.55 45.00 42.00 2.86 .05 .63 .81 .12 45.00 ,12 .24 3.50 48.00 S.90 .28 Cable 22 Glendal 28.50 Grt Cdn Oil �54.50 Gen Motors 2.90 Grt Lakes Pp 13 Gulf Oil Cda 1.10 Greyhound , .35 Hawker Sid 23.00 Hur 8, Erie 7.20 Hiram Walker 16.75 Imp Oil 2.05 Imasca 4.50 Int Nickel .311/3 Int Pipe 2.80 Inv Grp A .90 Int Util 1.12 Ind Accept .08 Kaps 4.00 Laurenfide Kell Doug A Loeb Loblaw A 11.12'/2 Met Stores 25.75 Massey Ferg ^M McMillan Bloe 11.00 Moore Corp 6,50 Molsons A 12.621/2 Molsons B m� Sorth & Cent Power Corp 57.621/2 pr!ce Co St. Law Corp II m ?hell CDA "oo Simpson's ST, Simp Sears 10-37/2 Steel of Cda i.62i/3 Selkirk A 4-30 Texaco 1.70 Traders Grp A 27.75 Tans Mtn Pp Trans Cda Pp 11-00 Union Gas 76.75 Union Oil A% Versatile Mfg 14.00 Wesleel 37.121/2 union carb 17.371/3 Wesotn's 8 4.30 Woodward's A West Cdn Seed Zenith Elec 18.25 17.50 41.25 33.25 BANKS 19.67.1/2 Cdn Imp 9.50 Montreal 15.371/2 Nova Scotia 43.75 Royal 27.00 Tor-Dom 19.371/2 12.25 9.35 74.00 19.371/4 35.25 21.50 4.05 33.12V4 51.12V3 44.62'A 31.25 33.62'A 27.50 .121/2 23.871/2 19.25 9.25 12.25 8.00 4.65  6.121/2 24.50 21.50 28.87V2 53.00 28.871/2 27.75 11.25 12.12Vi 15,00 19.12V4 54.75 32.00 49.50 34.50 15.25 63.25 19.50 21.12% 38.25 12.25 19.50 �.37i/3 30.00 18.75 20.00 29.25 6.00 2.70 32.12'/! 20.371/2 35.87V2 35.50 33.62'A Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont GM Guir Int Harvester Kenn Copper New York stocks (Supplied By Richardson Securities of Canada) 51.00 22.621/2 : 26.50 � 37.12V2 55.25 175.25 74.37'/2 25.00 34.75 26.50 SSJre�n . .a , H350 20 Golds 219.85 off 1.81 Std Oil of N.J. 87.50 10 Base Met 101.34 off .20 Texas Gulf 123.62'/4 15 W Oils 273.38 off 7.35 Texas Co 37.121/2 Volume 1,499,000 Wickes Corp 22.25 Woolworth 24.87V3NEW YORK AVERAGES Wesfingho-use Elec 38.621/2 30 Indust 9/1.18 off 1.9S U.S. Steel .30.25 20 Rails 202.03 off .96 Gen Tel Elec 28.62i/3 15 Utilities 113.31 off .03 _.rr, TORONTO AVERAGES 65 Stocks 307.96 off .74 Montgomery Ward 24.25 20 Indus 224.29 off .68 Volume 5,8B0,0OO Livestock report CALGARY (CP) - Receipts to 11 a.m. today from the Calgary public stockyards show sales of 100 head, mainly replacement cattle. Trade was active. There were i n s u i' f i cient slaughter cattle on offer to quote. Prices provided are Thursday's close. Slaughter steers sold this week at record prices of $41.10. Steers Al and 2 40 to 41.10, A3 39 to 40. Heifers Al and 2 38 to 38.10, A3 36 to 37. Cows Dl and 2 29.50 to 30.50 with the odd sale higher, D3 28.50 to 29.50, D4 26,50 to 28.50. Good bulls 32.50 to 35 with the odd sale higher. All classes and weights of replacement cattle were repre- sented. Trade was active with prices fully steady to strong. Good fesder steers 675 to 750 pounds 46 to 50, 750 pounds and over 39 to 45. Good feeder heifers over 550 pounds 34.50 to 49. Good feeder cows 24 to 30. Good stock steer calves over 400 pounds 48 to 54. Good stock heifer calves over 400 pounds 39 to 46. Hogs sold fob Calgary to II a.m. Average base price 44,75. Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds at noon today was up 1-1G at $0.99 7-32. Pound sterling down 1 13-16 at $2.41%. Motorways Appointments R.J. LEWIS M. L. HUNTLEY H. J. PENNER F. E. FAIRBAIRN P. J. MALEY  R W. Taylor, President of Soo-Security. Motorways Ltd., Winnipeg, is pleased to announce the appointment of the senior management group for the company. They are: R. J. Lewis, Director of Marketing; M. L Huntley, Director of Terminals; H. J. Penner, Director of Transportation; F. E. Fairbairn, Director of Traffic. P. J. Maley, formerly Sales Manager, has assumed new responsibilities within the Motorways group as Director of Terminals, Motorways (Ontario) Ltd., Toronto. Soo-Security Motorways Ltd. is a major Western Canadian motor transport freight company which operates twenty terminals from Thunder Bay to Vancouver. Motorist, householder to benefit OTTAWA (CP) - In theory, the federal government decision to exercise control over oil exports should be good news for the motorist and householder hit by successive increases for gasoline and furnace oil in the last two years. There is provision for price regulation in the measure invoked Thursday night, but that doesn't mean it would be effective. The consumer is unlikely to be any luckier with oil than he has been lately in the matter of food prices, housing costs or dental bills, all leaders in the upward climb of the consumer price index. And government regulation of an industry is no guarantee against steadily upward prices, even though the rise might be more moderate than without control. That has been shown lately, for example, in price increases for electricity, controlled by provincial governments, or for natural gas, regulated by both federal and provincial boards. Similarly, telephone companies across the country are either owned or regulated by governments, but user rates have climbed. Bell Canada, serving Central Canada and the North, has received federal approval for three rate increases in three years, is just winding up application for a fourth and will be back to the Canadian transport commission for more in a few months. B.C. seeks talks with UJ$. on Alaska oil pipeline issue VICTORIA (CP) - British Columbia wants direct talks with the U.S. over the Alaska oil pipeline question, Premier Dave Barrett- told the legislature Thursday. He said he tried to talk to President Richard Nbion Wheat board 'did well' on nigs OTTAWA (CP) - The Canadian Wheat Board has come out "very well indeed" on its currency holdings despite recent fluctuations. Otto Lang, minister responsible for the board, told the Commons Thursday. He was replying to Frank Hamilton (PC-Swift Current-Maple Creek), who asked whether farmers had to absorb any loss because currencies held by the Wheat board, particularly sterling, changed in value. There were suggestions the board had lost millions in this way. Mr. Lang declined to go into detail but said the suggestion "is wrong." The board received good advice regarding money markets and had done well on its currency holdings. Thursday by telephone, but had to settle for a White House aide, who told him Interior Secretary Rogers Morton was considering legislation to bypass a court decision stopping the pipeline. The premier read a copy of a telegram they sent to Prime Minister T r u d e a u informing him of B.C.'s actions, taken because the province feared a "polite exchange of letters" wouldn't get B.C.'s viewpoint across. FAVORABLE RESPONSE Mr. Barrett said outside the legislature the response from Washington was "most favorable" and he hoped to hear from Mr. Morton today regarding the possibility of a meeting with him, or possibly the president. The premier's information regarding the U.S. administration's intentions on the pipsline seemed to go beyond any public statements from Washington. Mr. Morton said in one report only that the government was considering the court decision and what to do next, not that It had decided to legislate around it. Mr. Barrett said in his telegram to Ottawa "I understand the president's Interior Secretary, Mr. Rogers Morton, is discussing the possibility of preparing legislation that will be presented to congress to overcome the court ruling. "As you know, the B.C. government is unalterably opposed to the construction of the Alaska pipeline since it would result in the shipping of massive amounts of oil past our coastline." Mr. Barrett also told the legislature the presidential aide he spoke with, a Mr. Fairbank, said President Nixon, expects both the Alaska and Mackenzie valley pipelines will eventually be built. In other debate, the legislature gave loud applause to a proposal by minister without. portfolio Frank Calder that the government encourage the teaching of native Indian languages in B.C. schools. ST. AUGUSTINE'S ANGLICAN CHURCH LETHBRIDGE Requires Qualified ORGANIST - CHOIRMASTER Adulf and Junior Choirs (Affiliated Royal School of Church Music) Applications in writing by March 10th to Church Office, 11th Street and 4th Avenue S., Lethbridge SIMPSONS bears Saturday Specials Clearance! Girls' Flares Now only 99 Save 39% to 50% on girls' pants that have sold in our catalogue for 4.98 and 5.98. Now all priced to clear at a low, low 2.99. There's a wide assortment of styles and fabrics. Lots of colors, too, but not all colors in every size. Drop by early for best selection. CSSt 7 to 14. ^Canada Standard Sizes Stationery 2 Drawer Filing Cabinet With lock. nn nn Reg. $35.98. *7.77 Cameras Photo Album 8.99 Reg. $15.98. Men's Wear Assorted Knit Slacks Plain and checks. Various styles and colors. Sizes 30-44 collectively. 1 � QQ Reg. to $25.00. � * Denim Blue Jeans Trim fit. Flare. Sizes 28-38. to9$7.98. 4.99 Assorted Knit Slacks Various patterns and colors. Sizes I n nn 30 to 38. 10.77 Men's Wear Winter Outerwear Clearance Assorted styles and colors. Plains and patterns. Sizes 38 to 44 collectively. AQ QQ Reg. to $45.00. Z7.77 Sports Jackets Group 1 Wool and knit fabric. Sizes 38 to 46 collectively. Plain and checked. A A QQ Reg. to $49.98. H*t.77 Sports Jackets Group 2 Wool and knit fabrics. Glen checks, plain, geometries. Sizes 38 to 44 collectively. Reg. �Q QQ to $38.88. Z7.77 Sports Jackets Group 3 Polyester and wool. Assorted colors, styles and |Q QQ sizes. Reg. to $29.99. i 7.77 Sports Suits 4 button, shirt collar style. Polyester knit. Plain, geometric patterns. Sizes 38 to 44. to $65.00. 44.99 Sporting Goods Down Filled Mitts Water repellent. Q QQ Reg. $12.98. 7.77 Aluminum Toboggan 3 ft. Reg. $4.98____3.99 4 ft. Reg. $7.49____5,99 5 ft. Reg. $9.49 .... 7.99 Snowmobile Soots Steel shank. Wool blend lining. Semi hard | | QQ toe. Reg. $15.98. � 1 pring of 73'. a new you FASHION SHOW YATES MEMORIAL CENTRE Monday, March 5th-8:00 p.m. Tickets available at our Junior Bazaar STORE HOURS: Open Daily 9:30 a.m. to 5:30 p.m. Thursday and Friday until 9 p.m. Centre Village Mall. Phone 328-9231 ;