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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 4, 1972, Lethbridge, Alberta Januiry 4, THt LtTHMlMI HMAID Iici quotatwns Vancouver, Calgary, Montreal (Supplied by Doherty. Bwdbwue McCmlf LAST BID OR SALE i.m. Ounlail ouitn) of i TORONTO (CP) Canadian must move toward greater own ershiD of their economy in ii ear s "I don't think that there be anytfiing like prohibition ol e forelgD Investment fc n of their country and I thinl that feeling hag been developing in advice it would take i long md "certainly a lot of TSE stoc up in sh TORONTO (CP) Gold tames pottrd strong gains aa prices in all major sectors o the Toronto stock market moved Mgher in stow mid morning trading today. The gold index was up (.40 to industrials .23 to base metato .30 to 79.73 and western oils .40 to 217.68. Volume by 11 a.m. ws compared with at tne same time Mon day. Banking, communications pipeline, steels and beverage is recorded strong gains Real Estate, utility and trus and loan stocks drifted towe wmle food processing and construction and materials issue were generally unchanged. BP Canada climbed to Seagrams to Slater, Walker to West era DecaKa 15 cents to and Madean-Hunter Cable to Dome Mines row 2V, to Canadian Imperial Bank U to (2474, Bank of Montreal Vs to tlSVt wd Mattegami V> to 2674. Noranda fell Vi to West-coast Pete Vt to tWt. Mffliac V, to Alpma Steel to and Imperial Oil to prices nc trade MONTREAL (CP) Price edged upward in light tradinj on ttie Montreal stock merke today. On index, industrials rose to 188.06, utilities .64 to 156.90 banks 2.00 to 228.56 and paper .57 to 82.28. The BMtock com posMe rose .67 to 186.75 Combined volume on thf Montreal and Canadian stod exchanges at 11 a.m. wat shares compared wilt at the same time Mon day. Highlighting gains on th Montreal Stock Exchange, Ms tillers Corp. Seagrams rost Jl 1-8 to The company an nounced this week it has ac quired a 2 per-cent interest in Vingaarden, a major produce! of Danish wines, for an undis closed amount. BP Canada rose to md Husky Oil to Among losers, Canadian Arena dropped to am Eastern Canada Savings and Loan to On the Canadian Stock Exchange, Cedarvale Mines rose one cent to M censt on shares. NEW YORK (AP) Stock market prices failed to respond to a favorable development in interest rates and dipped lower in slow trading today. The noon Dow Jonea average of 30 industrial stocks was off 1.21 at 880.00. Among Canadians on ttie NYSE, Dome Mines was up 1% at and Alcan and Distillers Seagrams gained Vt at and respectively. International Nickel was down to On the Amex, Canadian Javelin gained V4 to OILI Hud liy Almlnii !3J Hugn Rin Alt! East cat Huiky 01 Allmtri HUlKy Ashland 12.00 Oil BP oil Gai 6.05 inter Pro Can South 6.15 Inter Pro Cdn Ex Ggl 3.15 Ktlsir Hi Cdn Homesld 1.30 Dufi Cdn Homi Pfd MSP MB Cdn Ind Gas oil Pacific P Cdn Long Is .65 Rainier Cdn Super 43.00 Taledynt Charter 5.00 west Cdn Chienan I.2S whlti YU Dome 34.25 CA Gf Plains n.oo Acroll Gt Cdn ON 5.15 Barons 0 Lochlel 1.67 Madison North Cdn Oil 5.30 North Con Numic 14.00 Well Wjr 1 Pan Cdn Peti 14.75 Pan Ocean 12.2S 5 Petrol 1.32 IKS-1, 1 Pinnacle M J J 1 Plate Gas 1.01 f N'' Ponder .75 {.nlH3 Ranjer 13.SO .M e VS e.z Metr SET VS i MSr S West Oiclila 475 -ff can West Pel. ?.75 we Trans 1 MISCELLANBOUS MUTU 30 Indust off .M B EIK 41.37ft 20 Rells Up .r 6.31 Volume run or "there are going ti be very uptettnig Fi nance Minister Edgar Beneoi said In an extensive with The Globe and Mail. However, Mr. Benson because totne foreign invest meat bringi tn very useful thing.-." p He liJO Mid he ttunki axataxdd be encouraged to in-vatrirad. "I tnkik that K you rice of gold is pegged at t fried rate for dealings between jovernment central banks. It is bis gold price that helps determine the vaiue of the U.S. dol-ar and other currencies. On Deo. 19 when the U.S. dollar was devalued, lire official price of gold went up ?3 an ounce to f38. By International agreement governments cannot buy gold on ihe official market and sell it at a higher price on me free market. The markets are separate and His is one reason the rising irice on Uie free market, for lie moment, is not related to the value of toe dollar. A substantial Increase In the ree market price of gold, bow-wer, eventuaUy could create iressure for increasing the official price. Dealers said a combination of no-easing demand for gold and moderate shortage of the metal had forced up the price on free make pre By IRVING C. WHYNOT Canadian Pren Bnsinns Editor What is in store for UK Canadian economy in 1B72? From economists and business leaders each year comes a flood of predictions. Btsei on these guesses and available statistics, the picture looks sotne-litag like this: Unemployment: The rate was consistently above oil per cen of the labor force during 1971 but the federal government is confident to long-range economic policies will reduce this during 1972. One estimate is that the rate could go as low as five per cent by the end of the year. The Economic Council o Canada says it will be mid-1974 before unemployment is reduced to tolerable levels. Inflation: The economic council rays Canada may be faced with another round of inflation which has been prices rise by a compound rote of almost 3.3 per cent a year for 10 yean. The 1971 increase is likely to top 3.5 per cent and the 1972 prediction is for another increase topping three per cent. The council says the aim should be two per cent. Growth: The gross national product, me total of all goods and services, should top billion for 1971 and pass in annual rate of billion by mid-1972. But new United States economic policies and Britain's entry into the European Common Market could cause problems in trying to maintain the growth rate. Housing: Projections are for 1971 to be a record year for housing starts and the prediction is that 1973 will be even better. The expected 1971 total of starts may be exceeded by between and units in 1972. Antos: The industry aims at a record one million vehicje sales in 1972 after regaining a measure of stability in 1971. There 19 some uncertainty on me future of the U.S.-Canada auto pact but, on the other band, some foreign manufacturers are considering establishing assembly plants in Canada. Trade: Foreign demand for Canadian goods during businet 'dictions f pushed exports to nearly billion and the demand lor imports dropped, giving Canada a big commodity trade surplus. Import demand started to grow again during 1971 but the surplus was still large. Economists have grave doubts this can continue; the prediction is for a 1972 surplus of about billion, down from billion in 1971 and billion in 1970. Bnslneis Investment: One prediction is for a growth of just over three per cent or 72 year but federal government economists predict at least five per cent. The growi during 1971 was about eight per cent Industrial production: Canada has been running ahead of fte United States in output and the index of industrial production for 1971 should show an increase of about 3.2 per cent, up from 2.3 per cent in 1970. But it surged upward during the latter months of 1971 and indications ere for an increase of about seven per cent in 1972. Barber sale announced VANCOUVER (CP) Bralorne Can-Fer Resources Ltd of Vancouver announced here It bas assumed control of Eagle Industries of Vancouver end Barber Machinery Co. Ltd. and affiliates of Alberta. F. W. Fibpotrick, president of Brnlome, said the two acquisitions will increase Bra-Jome's annual net sales by million and net earnings before taxes by million. Barber and Affiliates, a private group of Alberta companies with custom metal fabricating plants in Calgary and Edmonton, accepted a cash Bnalorne bid for all outstanding pri Winnipeg Groin WINNIPEG (CP) Fair local and commission house trading and a lack of offers Dushed rapeseed prices up to u've cents above previous dose levels at mid-session on the Winnipeg Grain Eiohfnge today. That commodity also had inter-market spreading. Flax prices declined slightly n limited country selling while the rest of the market was quiet and featureless. Volume of trade review was bushels of flax, 2, of rapeseed and of rye. Mid-session prices: Flan: May lower July lower Oct 1% lower 2.52A. Rapeseed Vancouver: Jan. 5 higher March 5 higher June Wi higher 2.41B. Kipeseed Thunder Say: May 4 higher 2.30te B; July 5 higher Gate: May higher 67MA; July and Oct. not open. Barley: May unchanged l.OSftB; July and Oct. not open. Kye: May unchanged July lower Oct. not open. Grain quotes Monday (baslf High Low Close Flax May 248% 24714 24714 Jly 24914 248tt 248Y4 Oct 255 253% 253V4 Rapeseed Vancouver Jan 232V4 229% 2297, Mar 236% 233T4 Jun 239 236% 236% Rajiesecd Thunder Bay May 229% 220% 226% Jly 231% 229% 229% Oats May 67% 67 67% Jly 68% 68 68 Barley May 108% 108% Jly 10754 Oct 108 Rye May 96% 9434 W% Hy Lethbridge Livestock NOT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) Receipts on the Calgary livestock market to 11 a.m. totalled bead; mostly slaughter steers and cows. Trade waa moderately active on steers and active on cows. Slaughter steers sold fairly teady to 25 cents lower. Heifers were scarce but were selling steady. Both cows and bulls steady. Choice steers 34.25 tn 34.90 good 33.25 to 34.25 medium 32 to 33. Choice heifers 32 to 32.40 good 30.75 to 31.75 medium 29 o 30.50. Good cows 23.50 to 24.40 medium 21.75 to 23.25 canners and cutters 19 to 21.50. Good bulls to 25. Replacement cattle were scarce and were heavy fleshy short keep steers selling teady. There were no stock calves on offer early. Good eeder steers 33 to 34.70. No hogs were reported No delay seen in shipments of sulphur PORT MOODY, B.C. Coast Terminals bulk loading facility here will not be able to handle sulphur exports for "several months" because of an explosion at the plant Company chairman Ernest Mitchell said the portion of the plant that bandies sulphur shipments will be out of operation until extensive repairs an made. Cost of rebuilding will be in the hundreds of thousands of dollars, but no accurate estimate has been made yet, he said. Mr. Mitchell said sulphur shipments will be made by Vancouver Wharves Ltd., which competes mth Pacific Coast Terminals for the business. There should be no delays in shipments, be said, since both plants have greato capacity than is required for their normal cock kills referee during match MANILA (AP) A fighting cock fatally wounded the referee during a match in southern Mindanao province, the Philip-jine news service reported Tuesday. The bird's opponent ran to a corner at the beginning of the match and referee Sever-ino Redulla, 43, picked up the reluctant warrior. The rooster slashed R e d u 1 1 a 's arm and stomach with his razor-sharp metal spurs. Redulla died from oss of 7.25 Std oil of Bclh Steel 39.15 Texas Gulf Chrysler 28.25 Texas Co Dupont Woolworth GM 79.75 Westlnghous ruif 9H75 u-s- Sleel TORONTO Inl Harvester 29.62Vi'20 Indus! up Kenn Copper 24.3714 20 Golds destroyed by explosion EDMONTON (CP) An of undetermined cause destroyed transport truck owned by Rosenau's Transport and Delivery BOC' Its cargo of propane tanks and other merchandise. Stanley Nypiuk 24 Irtver of the semi-trailer unit escaped injury. Damage was estimated at more than monarch COPENHAGEN (Reuter) -King Frederik of Denmark admitted to hospital after a heart attack spent a quiet night and there was some improvement in his heart function, a bulletin issued by his doctors said today. The bulletin said the general condition of the 72-year-old king was "still satisfactory." King Frederik was taken good night hospital Monday when Us phys-cian, Dr. Erik Bandier, diagnosed a heart while he was attending the king to treat him for influenza. The bulletin also said that the king's temperature was just over 98 degrees compared with 101 Monday futures WINNIPEG live beef Hitures close Monday. Jan. 34.75B; Jfar. 34.35 i; May 33.50A; July 32.10 Thursday's volume 20 Pembina Pipe IJne Ltd., six months ended Sept. 30: 1971, 14.4 cents a share; 970, 13 cents. Western Canadian Seed Pro-e s s o r s Ltd., three months ended Oct. 31: 1971, 2.2 cents a share; 1970, 9.1 cents. T. G. Bright and Co. Ltd., six months ended Sept. 30: 1971, 27 cents a share; 1970, 267.281, 27 N nJBn BELFAST BLAST VICTIM Explosion victim li carried to ambulance after a bomb blent at o downtown department itori In the heart of Belfast Monday. British troops sealed off the area In the Northern Ireland capital around the Brandt and Norman store In Castle Lane. Army spokesman told he believed a bomb was planted In a hijacked beer truck, which let off a bottle APPLICATIONS ore now bei fallowing poiifient available-RECEPTIONIST NURSING HOME IB accepted al the Lethbridge Auxiliary Hospital for the at the South .'and Nursing Home, ale HOUSEKEEPING MAIDS MALE PORTER Mechonico abilities NURSING REGISTERED NURSES: by Dl- NURSING ORDERLIES Hospital Training Acceptable REACTIVATIONAL THERAPISTS Must have a keen Interest In Nunlng patients WARD AIDES Preferenco will be fllven lo Ward TIME LIMIT FOR RECEIVING PETITIONS FOR PRIVATE BILLS Take notice that the time for receiving petitions for Private Bills at the next Session of the Legislative Assembly will expire on Monday, the twenty-first day of February, 1972. W. H. MacDonald, Clerk of the Grade 12 Business Couno Management, abilities Experience desired RESPONSIBILITIES Meeting the Public Clerical dullis Other dufiei ai aiilgned rector of Nuninfl SALARY. wllh Qualifies DIETARY HEAD COOK. 5 COOKS: 1-4 years AIDES: Hospital, Institutional, Res perlenci 1 MR. M. Aido course offered at the leth-taurant Ex- brldgs Community College, beginning January 10, 1972. 'or further Information ccmlacti CUNNINGHAM, Penonnel Director nnei 317-4331 or ;