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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 21, 1972, Lethbridge, Alberta Market in slump after 4-day gain TORONTO (CP) Prices in most major sectors of Uia To- ronto stock market moved frac- tionally lower interrupting four consecutive advancing sessions in moderate midmorm'iig trad- ir'g today. The industrial index was down .39 to 199.13, golds .26 to 174.52 and western oils .19 lo Base metals were up .52 to 37.79 Volume by 11 am. was shares, compared with at the same time Friday. Hcwever, advaroes outnum- bered decline-1; 121 lo 31 with 161 issues unchanged. Banking, beverage, utility and j construction and matarisls is-! sues posted moderate declines. Communications, merchandis- ing, steel, (rust and loan, end o'l refiiu'ng issues moved mod- j eralely higher. I Bell dropped Vi lo Tara j lo SJSVi, Consumers' Gas "4 lo Brascan to Power Cm-p. '.s to S73i and Vic- toria mid Grey Trust '-5 to 523. "walker-Gopdorham fell to J46, Wiley Oil 's to CassUr is to S1918 and Imperial Oil Ye to S.TO'i. Great West Life was up 1 to Dawson Developments 'i to Cominco to S2614, Texas Gulf Sulphur '.1 lo and Inco H to 323i. PRICES SLIP MONTREAL (CP) Prices slipped in all sectors in slow trading on the Monlreol stock market loday. Utilities led I ha retreat mov- ing down .49 to 1GG.42 as in dustrials lost .19 to 198.50, banks .02 to 270.24, tlie composite .24 lo 200.04 and papers .27 to 88.00 Combined volume on the Montreal and Canadian stock exclianges at 11 am. was shares, compared with at the same time Friday. Ve'.cro Industries gained t to Placer Development 1 to S30, Cominco V, to Canada Packers 'A to i, Alcan to and Husky Oil 'it to and Husky Oil to Distillers-Seagrams lost to Bell Canada !o Rapid Data to and Impe- rial Oil V4 to Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrly, Media IK LImilcil) LAST BID OR SALE a.m. a.m. Quotes) a.m. Quotes! WESTERN OILS Hud Bay OH Pld 51.13V, Mutual Ac 5.7B 6.34 Almln-x S.7S Huflh Russell Alia East GflS 6.10 Husky Oil Ainmera 18.63'A Husky Oil B Aahland M.OO Husky Oil War Inter Prov Pipe inter Prov Steel Kaiser Res MGF Manags Pacific Pete TelDdyne Wesl Cdn Seed Wlilte Yukon CALGARY Acroll BP ON Gas Can south Cdn Ex Gas Cdn Cdn Home Pfcl Cdn Ind Gns Oil Cdn Lcnrj Is Cdn Super Chsrlc-r Chieflon Dame Pete Gt Plains Gt Cdn ON Loch lei Horlh Cdn Oil Numac Pan Cdn Pete Pan Ocean Pslrol Pinnacle PlacD Gas PcinCor Ranger Scurry Rain SelUeni Total Ulster Wesl Decaila 5.65 5.70 3 55 810 15.50 10.00 .60 35.50 Mulual Gr Nnl Rei tl.lS N W Fin 5 60 M W Gr Principal Gr 9 25 Royfuncl 2.90 Untied Ac 3t Of) Universal Sav VANCOUVER S.IJi.i MINES 10.75 AnuK Arctic Mining A'las Explcf Bath NDfse BrEnda Churchill Copper Croyden Dankoe Dc-lly Varden F 5.E2 6.4 7.11 7.77 6.11 6.71 S.D9 6.51 4.B7 S.dO E.9D e.oj e.B3 .7! .50 .05 .11 .01 53 Coal strike takes toll Pete MISCELLANEOUS INDUSTRIES Aqualeine Brincr, 5.75 Ctfn A 30.35 Cdn Brew B Cdn Pacific Crcwincsl In: Cygnus A Cygnus B Fnlccn Coppsi GenstEr Hcme A 29.87Vi Barons Oil 5JD I.5J West Warre 6TJ PIPELINE STOCKS 13.R7V-> Alto Gas Tr L A S4.3. 15 Gas Tr L Pld 79.00 Dynasty 1325 Altn Hat Gas 3350 Fcr I Reliance .A7 Inland Net Gas 15.47V? Masco' M and C Gas 13.75 Granisle B-30 N nnd C B Ptd 29.50 Kamlocps Copper .11 Pacific Gas Tr 13.50 Lornex 9.05 Gar Melro Lylton Minerals 1.7H GUI Pld A 69.50 Primer .M Tr Ccln P he.'d: mostly Trade was ne- livc. Insufficient slaughter steers er heifers were offered lo es- lablish a market. Cows sold steady for qualily and no bulls were offered. Good slaughter cows 23 lo 21, medium ?l.'2j to 23. cajincrs and cullei-s 19 lo 22.25. Rcpr-cemcnt cattle sold sleady but were scarce. No stock calves offered. Good feeder less than 750 pound i 37 (o 3n.20, more than 750 pounds 3-1 lo 36.50. Good feeder heifers 30 !o 32.50. No hogs sold. CNR jobs possible says Pickett EDMONTON (CP) Be- tween G5 and JOO jobs could be created by Canadian National Railways in (lie Edmonton area if all vacant positions were filled and overtime was reduced, John Picket! said here. The president of (he Edmon- ton Council of Railroad Unions said in a letter to several fed- eral cabinet ministers that the council believed the same sit- ualion existed a1, oilier termi- nals. "In view of ths unemploy- ment situr.tion, some action should be Uken he said. The tellers were addressed lo Manpower Minister Bryce Maclrasey, Transport' Minister Don Janiieson, Labor Minister Martin O'Ccjinell and Otto Lang, minister in charge of the Wheat Board. Mr. Pickett said, "day after day in Calder yard, Edmonton, careiol be run because there arc no locomotives or cabooses." Recently there were no mainline freigK trains running cssl fcr about 12 hours because there was no power. He called for additional gov- ernment funds to rectify the situation create jobs. Mondgy, Ftliruory 21, 1972 THE tETHBRIDGE HERALD 17 Foreign owned firms urged to sell Canadians shares TORONTO (CP) Imperial Oil Ltd. has called on foreign- owned firms to sell more of their shares to Canadians and to put more Canadians on their boards of directors. United Slates-controlled eornpa- nies in Canada. Douglas Mac-Allan, executive assistant to company chairman W. 0. Twaits, made the com- ment Friday during an apea'1 Police chief seeks hike in budeet EDMONTON' (CP) CMef Constable Fred Sloaiie says he's asking for a S2 million in- crease in the police budget from 1971. lo handle "an in- creased work load.'' A rise in major crimes in the last five years plus a larger area to be policed necessitate an increase in staff, he said. "The increased work load has to bs financed. Unlike thi engineering department which can use the solar snow-re- moval system wait until Jirae fcr the streets to clear we can't wail to solve crime. He told a business club meet- ing the city bad received adverse publicity "in Ihat we are credited with having the highest crime rate in Canada." "Well, don't blame it on the police department the po- lice department didn't create (be crime rate and we don't tolerate it. "I think in part, it may be attributed to the excellent rec- ord-keeping system oj the de- partment." LUCKY SEVEN LONDON (Renter) A fam- ily of seven escaped death Mon- day when Uieir two-storey house by an explosion and collapsed around them as Ihey slept. Mr. and Mrs. John RickeUs and four children were not injured. A fifth child, 11- ycar-cld Kevin, had a fractured skull. By Gene Fawcette fORTHt AN INEXPENSIVE CAMERA WITH A BUILT-IN ELECTRONIC FLASH SO THERE ISNONEEDFDRA FLASH GUN ATTACHMENT. IT ALSO HAS AN ELECTRIC-EVE LEWS EXPOSURE CONTROL.. HAROLD DEAL MIHALIK'S MAYFAIR FOODS -ANNOUNCEMENT- Mr. Gforge (Blondie) Miliollk, owner of Miholik'j Moy- fair Foods, is plcaicd, lo onnounco lliot Mr. Harold Deal is now Ihc Mfiol Manager and Assistant General Manager ol Mihalik's Moylair Foods, 642 13 Si. North, lolhurldge. Harold brinas with him, 18 yons experience i- the meoT ond aroccry buiincst, and looks -forward 10 serving his ninny friends and customers. He will he hoppy to help you select your meal and ho will cut it lo suit your ,._._._ _______ ______ n Imperial is one of the largest I ancu before Ihe Ontario legisla- Gas utilities hit price EDMONTON7 (CP) The Alberta govej-nment should in- crease natural ga.5 royalties ar.d not artificially increase gas prices, says a brief prepared by the province's major gas utilities. Nationalist China raps Nixon visit TAIPEI (AP) Nationalist China's National Assembly as- sailed President Nixon's trip to Peking today in a resolution saying the visit and its liming seriously damaged Chinese rights and interests. The resolution was passed by acclamation by the dele- gates attending the assembly, Nationalist China's highest rep- resentative body, which con- vened a plenary session Sunday. Tiie assembly meets every six years to elect a president and vice-president of t h e Taiwan government. Nixon's trip has deeply dam- aged Chinese national rights and interests, Ihe resolution said. It reiterated last Thurs- day's foreign ministry state- ment that the Nationalist gov- ernment will not recognize any agreements Nixon may reach in Peking. It said the Peking government has no right to represent the Chinese people, and that Ihe Na- tionalists' avowed policy of overthrowing that government will not be changed under any circumstances. The brief was prepared tor cnergv resources conserva- tion bc.-rd's Feb. 21 hearing on field prices fcr natural gns was released in advance. H was put Icpether by Natural Gas Co. Lid., and Norlhlar.d Uli'itics. Natural gas field pricing i must be rels'ed to present end future royalties, size and Icca- I lien cT markets, pricing of j competitive forms of energy, lure's .select committee on eco- nomic and cultural nationalism. Mr. MacAllan said Canadians should parlieiplne as directors I of foreign-owned firms operat- ing in Canada, foreign- i owned firms should be encour- aged to expand Ihe number ol their directors and managers "as rapidly as possi- ble." I ''All nine members of Imperh nl's board of directors are full- lime employees careers I'avu in llle oil indus- he said. '-Eight of Ihe nine are Canadian-born and Cana- dian citi7ens. .MOST OFFICIALS CANADIAN' 1 He said the company's i broader mr.nnrem'jnl group, in (he o.'ficc and in i fii.-lcl offices across Ihc country, is "for all practical purposes'1 100 per cent Canadian. I Mr. MacAllan said Canada 1 and Ontario could best serve their intercuts by encourage- menl of ''confident Canadian- 1 ism" ralher (han by "a retreal, i lo negative rationalism.1' "Hiuch of ihe argument for t economic n a t i o n a 1 i s m lias its efforts lo ensuring receipt; of an appropriate level of rev-! through I leaving Ihe mdiistn- iisc'f to I p.rrivc the proper level cf field prices Ih-.-ough the nor- mal competilive buying and selling process." j Earlier this the Caria- PelToleum Assceistion re- i leased its brief saying it would I ask for hjgher prices. Ench j cent increase in nshiral gas' field p-ices could add about S100 million over the yesrf ot i producticn in provincial ties, it said. I The Albcvla utilities "as the grester portion of Ihe gas produced is presently told j fcr export an overall j cdvantagc would result frnm! higher royalties paid to the i province." I SICK DAYS On any day, one out of every 14 Japanese is siclt. "Facts about the degree of foreign im estnienl in certain Canadian industries arc stated if the conclusions lo bo drawn self-evident. "Very Hi lie serious research and analysis has been done and most of Ih.-.l which is reputable lends In be more reassuring Lhuii otherwise." SIIAIU'lIIOLDEnS Mr. MacAlIan, a native of St, said of Im- perial's <3.003 shareholders am CaKadianr The largest share- holders, Stcudaid Oil Co. ot New Jersey, owns 63.B per cent. Tlie. company is Canada's largest oil producer and one of its largest corporations, wilh sa'cs or K.3 billion lasl year. Mr. about 93 per cent of Ihe money (be firm spends on material and equip- goes In Cancnian manu- faclurcrs end suppliers and fin per cent of those goc'.ls wevo as made in Can- adn." Sinatra rents Hughes suite NASSAU, Bahamas (AP) j Officials al the Britannia Beach Hotel say singer Frank Sinatra i has rented a suite that comes with a pretty good recommen- dation. For 14 months it was the hideaway of billionaire Howard Hughes. Hotel officials said Sin- atra would take over the two- bedroom suite soon. 4 0 NLY GREAT DAYS LEFT COLOR PORTRAIT SPECIAL Pius 50c Handling All THIS WEEK Reg Cross Is Bade That's Whal It'i All About Slill Localed al Phones 32E-0222 710 3rd Ave. S. NOW IS THi mi TO K LUX DECORATOR ROOM DIVIDERS AND FOLDING SCREENS VIBRANT BOLD COLORS APPLICATIONS Shutler inserts window inserls or behind glaij cabinet doon bar trim cabinet- ry door inserts door lide lighls sliding door) partitions bi-fold doors dividers- privacy serconi luminous walls crilings and other applications ai versatile ai your imagination. 2' x 6' Room Divider Ac Low Ai 23 .20 CREATE BEAUTIFUL ROOM DIVIDERS AND IMAGINATIVE SHELVING UNITS SPINDLE-FLEX SYSTEM USE YOUR CHARGEXI INDEPENDENT BUIIDIN6 153 JOlh Si. N, Phon. Twist together components ncliicvo a whole new world of interior beauty. No glueing. Simply screw the 15" sp.indlc sections to- gether lo reach the desired height. USE YOUR CRESTLINE BUDGET ACCOUNII ;