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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 12, 1972, Lethbridge, Alberta in MM 11 Industrial stocks advance continues TORONTO (CP) Industrial Blocks moved higher for the ninth consecutive session as prices in most major sectors of the Toronto stock market recorded advances in active mid-morning trading today. The industrial index was up .80 to 194.18, base metals .40 to 84.85 and western oils .10 to 232.03. Golds were down 2.42 to 159.62. Volume by 11 a.m. was 1.12 million shares, compared with at the same time Tues- day. Advances outnumbered de- clines to 93 with 189 issues unchang-1. Beverage, oil refining, mer- chandising, communications, trust and loan and industrial mining stocks posted broad gains. construction and materials, food processing and real estate issues drifted fractionally lower. Westcoast Transmission rose Auto Electric V, to Hudson Bay Mining to Pan Ocean to and IAC H to White Pass and Yukon was up to Molson' A to S2iy4, Pine Point to Tara to Scurry-Rain- bow Vi to and PanCanadian Pete 5i to Bell dropped Vi to Dome Mines Vi to Four Seasons Hotels to Numac Va to Algoma Steel Vt to and Labatt Va Alberta Gas was up Hi to Texaco Canada 1% to and Westcoast Transmssion 1'A to Southam dipped 1 to Trust General du Canada 'A to and Bell Canada to ACTIVE TRADE NEW YORK (AP) Prices on the stock market rose on a broad front today, with some of the blue-chip issues taking part in the upswing. Trading was ac- tive. At noon the Dow Jones aver- age of 30 industrial stocks was up 4.06 at 916.16. Stsels, electronics, and chemi- cals were among the issues on the gaining side, but utilities were mixed. In Canadian Issues, Hudson Bay Mining gained to International Nickel was up >4 to and Massey gained Vi to Dome Mines dropped Vk to On the Amex, Brascan Ltd. gained to and Scurry Rainbow Oil was up to jmi. Canadian Marconi was off to PRICES HIGHER MONTREAL (CP) Prices were higher in moderate trad- ing on the Montreal stock mar- ket today. On index, industrials rose .89 to 199.81, utilities .50 to 163.83, banks .64 to 244.63, the compos- ite .79 to 197.90 and papers .13 to 85.00. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares, compared with it the same time Tues- Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Jan. 35.35N; Mar 34.32; May 33.50B; Jly 32.60A. Monday's volume: 15 con tracts. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board. Edmonton: 23.75, average Tuesday 23.47. Red Deer: No sales, average Tuesday 23.50. Calgary: 23.75, average Tues- day 23.50. Lethbridjfe: No sales, aver- age Tuesday 23.65. Lloydminster: No sales, av- erage Tuesday 23.11. Grande Prairie: No sales, average Tuesday 23.10. Total hogs sold 87; Total of sold Tuesday, average 23.47. Sows averaged 14.60 to- day. Paper probe urged THUNDER BAY, Ont. (CP) City council has asked for federal and provincial inquiries into the publishing practices of Thunder Bay's two daily news- papers, The News-Chronicle and The Times-Journal. A resolution seeking the in- quiries was adopted 8 to 4 by council Tuesday night. A copy also will go to Senator Keith chairman of the Senate committee on mass communica- tions. The resolution asks whether the papers, both owned by Thomson Newspapers Ltd., are violating "any legislation in- volved, or governmental pol- icy." At issue is the fact that the papers have continued to con- fine their general .circulation to the areas they covered before the twin Lakehead cities were amalgamated to form Thunder Bay. The News-Chronicle circulates in Pott Arthur Ward and The Times-Journal in Fort William ward, which.have approxi- mately equal shares of Thunder Bay's population. The cities, plus areas of some neigh- boring municipalities, were amalgamated Jan. COSTS ADVERTISERS MORE The resolution by Aldermen Edgar Laprade and Charles Johnston said the newspapers' practice compels advertisers to use both papers "at substantial additional cost." It added they both use the same wire service and "fail to provide decentral- ized or adequate news cover- age." Dividend! By THE CANADIAN PRESS Northwestern Utilities Ltd., four per cent pfd. Feb. 1, recoiil Jan. 14. Phillips Petroleum Co., 52% cents U.S. March 1, record Feb. 4. Farm cash income dwindles in Canada OTTAWA (Staff) Half yearly farm cash receipts on a Canada-wide basis have drop- ped signifioauHy from a recent high in 1968, a Statistics Can- ada study shows. Looking at the first six tnontlB of each of tin years fnwri 1968 to 1971, total cash re- ceipts from farming operations toppled from to last year. Figures Include various amounts paid under government assistance programs. While farmers in some prov- inces, sueJi as British Colum- bia, have made steady in- creases in their farm cash re celpls, other provinces have had a topsy-turvy situation. Cash receipts in Manitoba have dwindled fnom 000 in the first half of 1968 to in the first six months of last year. Lowest to- tal came in the first half of 1970 at I QUALITY DENTURE I CLINIC I EDDY DIETRICH I Certifitd DenMl Mochonlc Capitol Fumltvm lldij. PHONE 32B.76MM In Alberta receipts also seem to be on the rebound, but they fall well short of those in the first half of 1968, Hen, they totalled In the first half of 1971 they were after reaching a four-year low of in 1970. In Saskatchewan, farm cash receipts fell from a four-year high of in the first half of 1968 to a tow of in 1970, recovering to last year. With the exception of Brit- ish Columbia, Eastern Canada and the Maritimes, 1970 ap- pears to have been generally the low point of the period. Cash receipts from farming operations in British Columbia are generally well below Ihose of the prairie provinces, but have shown a steady climb in the past four years. In the first half of 1968, they totalled and climbed Livestock Lethbridge Livestock NOT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) Receipts to 11 a.m. today on the Calgary livestock market totalled head; mostly slaughter steers and cows. Trade was active. Slaughter steers traded to a broad demand at steady prices. Heifers were steady. Cows sold on a fully steady basis with sales to 22.60. Bulls steady. Choice steers 33.75 to 34.30, good 32.75 to 33.75, medium 31.50 to 32.75. Choice heifers 31.35 to 31.90, good 30.25 to 31.25, medium 29 to 30.25.' Good cows 21.50 to 22.23, medium 20.50 to 21.50, canners and cut- ters 18 to 20.50. Good bulls 24.50 to 26.50. ilacement cattle were y heavy yearling steers selling at steady prices. Stock calves were scarce and practi- cally all stock heifer calves, selling steady for quality. Good feeder steers 750 pounds up 33.50 to 36.10, under 750. pounds 36 to 38.SO. Good feeder heifers 30 to 33.50, good stock heifer calves 32 to 31 Hogs average 23.75. base price without a drop last year. to The province with the high- est farm cash receipts last year was Ontario. For the first half of the year the amount to- taled compared with in the first half of 1968. LOCAL CHARTERED ACCOUNTANTS OFFICE Requires AUDIT and ACCOUNTING TECHNICIANS! Applicants will be required to enter into a formal education program ind-dir.s on the) job training lead- ing lo certification as accounting and auditing rechnl. ciani. APPLY TO BOX 4, HERALD OMng All Pertinent Information Minimum Uucatlon Reoulred It Ilinn Hijack scare figure deported HELSINKI (Reuter) Leon- ard Milne, a 49-year-old Brit- ish-born resident of Canada who figured in a plane hijacking scare in Helsinki, was believed to be on his way to Britain today after being deported from Finland. He was arrested in Helsinki Dec. 21 alter he was alleged to have threatened to hijack a New York-bound Pan-American Airways airliner in a bid lo res- cue a Lithuanian sailor from a Soviet prison camp. Milne was said to have msde the threat in a conversation in a Helsinki hotel with the pilot of the airliner. But police said later they did not believe Milne intended to carry out the threat'. He was fined for illegal posses- sion of a pistol. Milne, currently director of planning assistance for the United Church of Canada, came to Canada in 1959 with his wife, Jean, and worked in Ottawa with Central Mortgage and Housing Corp., and In Burling- ton, Ont, M assistant director of ptmnlng. In 1862 he became director of planning for the Peace River re- gional planning commission in He later worked with the United Presbyterian Church of the United SUlea (or 18 months. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dobrrty, Koadhonie and McCnilff) LAST BID OR SALE QuotH) l.m. Quoin) Wodnotday, Jtmnerr 11, If 72 THI UTHHIDOI HHUUD OlIOHl) Inveil Mutual 19.50 Mutual Mutual Gr F a.X Nat 7 45 N W Fin N W Or Principal Gr Temp Gr 5.25 Lochlel North can Oil Numac Pan Cdn Pele Pan Oceen .Petrol Pinnacle Place Gel Ponder Ranger Scurry Rain Spooner Seloeni Total UUter We-'t Decalla West Pete MISCELLANEOUS INDUSTRIES Aquatalne S6. Brlnco 5. Cdn Brew A 31. Cdn Brew B 37. Cdn pacillc Inv It. Crowsnesl Ind 25. cygnus A Cygnus fl VfllTIIIN OIL! Hud Bay Pfd Almlnex Hush RulMll All! Eaat Gai 5.30 Husky Oil Manure 17.6J'A Huiky Oil B Aihland 13.avi Huiky Oil War BP Oil 6.20 Inter f'f Can South 6.65 Inler Prov Steel Cdn Ex Gat ill Kaiser Rei Cdn Homesld MGF Manage Cdn Home Ptd 1812'A Pacific Pete Cdn Ind Gas Oil 11.00 Rainier Cdn Lons is .70 Teledyne Cdn super West Cdn Seed Charter 5 00 White Yukon Chleflan 9J5 CALOAR.Y Dome pete 34.25 Acroll Gl Plains 31.75 Baroni Oil c: 5.25 Madison 1 78 North Cent 4115 Wesl Warner _____ 1S'B7'A PIPELINE STOCKS Dolly Varden Alia Gai Tr L A JIM Dynasty 1475 Alia Gas Tr L Pld 71.50 Fort Reliance I'JJ Alia Mar Gas 2U214 Giant Mascot Inland Mat Gai 13.00 Granule N and C Gas is.oo N and C B Pfd 30.50 Pacific Gas Tr 72.50 Gaz Malro '.DO 6az Metro Pld A U.oo Tr Cdn Pipe Tr Cdn P Pfd B 41.25 Tr Cdn P PW A 74.00 Tr Cdn P War WC Trans 27.25 WC Wls '.50 MUTUAL FUNDS All Cdn Com All Cdn Dlvld VANCOUVm -MINES Anuk Arctic Mining Aim Explor Balh Norse Brenda Churchill Copper -03V4 Croyden .39 DBnttoe 3-U 1.1 4.1 5.31 5.14 7.17 7.14 4.41 S.I 5.17 4.41 t.n 5.77 J.31 l.H 5.43 7.74 1.17 .75 14.50 ll.OB 1.35 f.lfl 7.SS 1.9! '7.45 11.75 Home A Home B Hud Bay Co Hud Bay ON Kamloopi Copper Lornex 8.30 Lyflon Mlnerall 1.70 Primer .10 Pyramid .35 silver Standard 1.49 Texmonf .42 Trolan ,34 Valley Copper 1.75 WC RES INDUSTKIALS Block Bros 3.SO l.4i 555 B.C. Sugar ll.llvi 9.44 10.32 B.C. Suoir Pld Km All Cdn Vent 3.74 4.01 Opt Inler 5.75 Amr F 7.15 CrestbrooK F Ind 4.15 ASF Special 3.23 Key Indus! .24 Cdn Invesl F tyi 5.41 Hys Col Mutual 6.96 interior Brew 3.90 Cmnw Inler 13.8913.26 Inler Mariner .09 Cmnw Lev 3 ffl 3.9A Okanagan Hellcop 6.75 Corp i.l! t.a Pacific W Air KM ".-'3 Corp In SI F 5.06 S.S3 Stampede mil Res 1.00 35.3711 Dreyfus F U.S. 12.14 14.07 OILS 34.'0 Gr In Shires 3.72 4.09 Albany Oils .50 Or Equity t.JI 7.45 Plains Pele .32 44.62V1 Invest Gr F 11.71 12.N wist Explor .12 7.00 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OB SALE (ll.-M a.m. Quota) MINES Acme Advocate Alb. Akallcho Bralorne Broulan Belhehlem Brunswick Canada Tung. Cesslar Central Pal. Chlmo Conwest Com. Rambelr Coin LaKe Coche'nour Dickenson Mine Denlson Minn. Deer Horn D'Eldora Dome Mines Donalda Discovery Mines East Ma'erllc East sulllvin Falconbrldge Frooex First Maritime! Giant Y.K. Bovis Granduc Headway R-L. Holllnger fll.'OO a.m. Qwtil) Oslsko Pine Point Pltcer Dev. P.C. Exp. ;ec Man .31 26.50 2.20 Quebei .51 Vi Rayrock Radlore 5.70 Plo Aloom Roman Corp. Sfierrltr Gordon Silver Miller Steep Rock Tek Corp. Texmont 1 60 Haroreevea 1.15 Willroy .75 WlndWll .0V Bear 4.90 Zenmac .07 1.B4 20.50 1.80 1.24 1.75 1.56 ,10'A Upper Canada .23 .Wrlqht 7.K) 1.00 26.50 1.20 -24 H.OO 2.45 5.10 .57 J9.SO .OB .70 1.20 3.10 91.00 .40 7i60 2.10 4.AO Sl'.SO INDUSTRIALS Ablllbi Alcan Algoma Steel Alco Ind Allan Sugar Agra Indus? Bell Tel Brairl Trac B.C. Tel Burns B.C. Forest B.C. Sugar Hvdswi M-S 53.4214 Bow Valley Hydra Ex. Iron Bay ISO Jolfef Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langls Silver Madsin R-L. MalarNc G F. Martin McNeely Maclntyre Mela Mldrlm Mogul New west Home New Athwia New Calumet W. Horse Copper Noranda Norlhgale CAE Ind Cdn Brew Chemcelt Col Cellulose Cal Power Coron Credit C.W.N. Ges Cdn Indusl Canada S S Cdn Marconi Cdn Wcktrc Chrylser CPU Comlnco Cons Bilh Cons Gas _. C.W.N. Gal .llVi Sea .27 Dnm Blrdse 3.2fi Domtar Com Textile 5.30 Dom Storei .27 Dome Pete .20 1.40 3.20 .12 1.00 .22 37.00 2.45 WOO .11 .21 MO 1.50 Dofascb CAB Fd of Amer Gt Cdn oil Gen Motors Gt Lakes Pap Gull oil Cda 16.37V2 Greyhound Hawker Sid Huron, Erlf Hiram walk Imperial Oil Imasca Int Nickel Int Pipe Inv Gp A tnt Urlllfln Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMllaln Bloe 9-B71A Moore Corp 7.37W Molsons A 1-KtVl B '6.B7V4 North, cent 19.25 powtr Corp price Co 13-75 Rolhmans 23.00 st Lew Corp I'-OO Shell CDA 3100 Simp Stars 7.75, steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union CH I Versalile Mfg Westeel Union Car Weslon's B 2d.62i4 Woodward's A 8.50 Wezt Cdn 5d 20.8715 Zenith Elec LVJ BANKS 20.1214 Can Imperial 13.25 -Montreal 22.12U Nova Scotia Royal 35.50 Tor-Dom 3.Z5 27.7S 1.15 11.50 15.00 40.00 2.95 30.00 24.I7VI 16.12'A 73.00 5-35 J3.371V 17.00 29.00 17.00 2.15 4? DO 33.75 20.25 34.25 3U2'A 1.50 Jl.X 21.75 11.25 3.95 f.OO 15.25 112S 25.75 39.B7V4 21.00 2T.OO 7.50 17.12'A 20.50 37.75 M.75 57.00 26.75 16.00 16.17'A J1.62V1 39.6215 H.62W 46.00 4.05 15.50 15.00 JI.50 24.00 54.3TO 20.25 33.50 Highest-paid farm workers live in British Columbia By PAUL JACKSON Herild Ottawa Unreal OTTAWA The average an nual pay cheque of farm work- ers Jn Canada nil] probably have doubled In a 10-year pe- riod if current trends continue, A IXily detailed and com plex Statistics Canada study just released here shows thai in the last nine years the av- erage annual income of Can- ada farm workers not accept- ing board as part of their In- come has climbed from f to per year. Farm workers who received board from their, employers saw their annual incomes climb from an average in August, 1962 to in Au- gust, 1971. Highest-paid farm workers in Canada still appear to live in British Columbia. The low- est paid DOW live in Quebec, rather then the Marifimes as was the case just two years ago. Statistics for Newfound [and are not available. Since August 1969, the aver- age monthly pay cheque for tanners workers across nan- ada has increased from to In August, 1971. For workers who do not ac- cept board privileges from their employer British (Mum- Ma workers have seen tlrar monthly income rise from to In Manitoba the correspond- ing figures are to in Alberta, to (338. Two years ago, the lowest paid farm workers lived in the New York stocks Soviet Union low bidder on B.C. job VANCOUVER (CP) Russia is the apparent low bidder to supply four generators to the British Columbia Hydro and Power Authority for the Koot- enay canal power project near Nelson, B.C. It was the third bid since Oc- ober by Energomachexport, the Russian state trading cy in the electrical equipment ield, on equipment for B.C. projects. When tenders were opened Tuesday, the Russian bid of was under a id by Canadian General Elec- ric Co. Ltd. A third company, Mitsubishi Canada Ltd., enter- ed a bid of All tenders to supply .the four generators will be reviewed by B.C. Hydro be- fore a final decision is made. Maritimes. They earned an av- erage of a month without board privileges. In Quebec, the average farm worker got a month. Now, the Quebec farm work- er gets month without board privileges and the Mari- time farm worker However, both Maritime and Quebec farm workers earn well below the national aver- age which in August, 1971 was rated at per month for workers without board priv- ileges. For workers getting board from their employers the national average was Farm workers in Saskatch- ewan earn sightly more than the national average montly pay cheque but only just. They take in about a month. Ontario farm workers are not much better off at a month with board privileges. Manitoba n o n-board farm workers earn more than their Saskatchewan and Ontario- a b o v e-average counterparts, but significantly less than their fellow workers in Alberta and British Columbia. In August 1971, when the- av- erage non-board farm worker in Manitoba was getting a month, his counteprart in Al- berta was earning and in British Columbia In general, and on an aver- age annual basis, Western Ca- nadian en masse brought in ?140 more in August, 1971 than those in Eastern Canada. The non-board Western Canadian farm worker had an annual pay cheque of and his fellow Eastern Canadian farm worker The statistics reflect the av- erage wages paid to all male farm help, reganiless of age and skill. i rrmttiaTMnN APPOINTMENT Richard Morris Maxwell J. Field, F.R.I.C.S., Vice-President Operations, of Marathon Really Company Limited, Toronto, announces the appointment of Richard Morris as General Manager, Marathon Really Company-Limited Prairie Division, based in Calgary. Prior (o his latest appointment, Mr. Morris was General Manager, Palliser Square, Calgary. PHARMACIST REQUIRED For full rime and or part time employment Phone collect or MR. MARSHALL MARSHML DRUG STORES CHINOOKKIDOE SHOPPING CENTRE, CAIGARY Ph. 253-4700 Independent Canada? Buying Canada' back li not something to be Talked Ig death, but som'ihing to Do about. Since you do ivvo onywoy, why net do If with Mutual Fund! and kill two birds with one Hone. N.W. FINANCIAL FUND A PACKAGE OF CANADIAN EARNING POWER _ _ _ ___MAIL THIS _NOW_ ___ ___ ___ To: Dick Bof.man, t09 10th St. i., lelntrWge. Ph. 327-5117 Yas, I'm Interfiled. You may call around to see me. NAME ADDRESS........................................ Phono Amr T and T Anaconda Beth Sleel Chrysler Comsat Duoonf GM Gulf InT Harvester Kenn Copper fSnpplirt Bf HldunJjOT SecnriUet of Cimdj) 47.M Montgomery ward 29.i7K 20 Goldi 151.77 off 5.27 Sears 10 Base Met 15.41 up .96 Std Oil N.J. 75.50 15 W Oils 231.U off .11 Texas Gull 115.50 Volume 30.2S Texal Ct> 35.00 Wlckes Corp 49.50 150.00 WoOlworTh 46.75 X Indult 916.16 up 4.06 R-SO Weslinghouse Elec 46.75 20 Rails 249.15 up 1.6B 21.50 U.S. Sleel 31.50 15 Utllllles 120.91 up .06 TORONTO AVERAGES 6! Slocks 318.30 up 1.4 27.25 20 Indusr U5.M up 1.66 Volume Grain price review Winnipeg Grain WINNIPEG (CP) Prices remained steady on a dull trade at mid session today on the Winnipeg Grain Exchange. Rapfxeed p r i C es slipped slightly but most commodities remained near previous close levels. Tuesday's volumne of trade was bushels of flax, of rye and of MID-SESSION Flax: May 1 higher 2.53; July Vt higher' 2.52y4; Oct. 34 higher Rapeseed Vancouver: Jan. tower March Vt lower 2.44V4; June V4 lower Rapeseed Thunder Bay; May Barley, oilseed conference set WINNIPEG (CP) The 1972 Canadian barley and oil- seeds conference has been set for Feb. 17 and 18 in Winnipeg. The conference, held every two years, is sponsored by the Canadian Barley and Oilseed Committee. Speakers will include Donald Dever, director general of the Canada Grains Council, and Manitoba agriculture minister Sam Uskiw. Initrlor Dioul and Equipment Ltd. 2171 Oanbrook Street Cranbrook, Irltllh Columbia roajulrti JOURNEYMAN HEAVY DUTY MECHANICS Mult havo Cattrplllar and G.M. Diesel Good bvneflli avertable. Located In 'tha heart of Eotr Kootenoyi. Applicant! apply In wrltlnf to the aknt addmt or fhono Code M4-4IM361 1972 ACCUCOLOR SALE by ACCUCOLOR 19" RCA PORTABLE MODEL CTC421 FEATURING Volt Choiiit PDS Photphor Screen Automatic Pint Tuning Automatic Tint Automatic Chroma Control unchanged Oats: May Vi higher July higher Barley; May H lower July unchanged Oct. lower 1.08. Rye: May Vt higher July lower Grain quotes Tuesday (basis High Low Flax Hay 252 250 Jly 251 Oct 255V4 Kapueed Vinconver Jan Mar 245 244 Jun 247% Rapesced Thunder Bay May 23714 233% -237V4 MARK II B 26" BLACK MATRIX SCREEN MODEL CCCV52 Mod floor hugging pedestal deilgn. totalized finiih with Rosewood Top. Accucolor System Automatic Fine Tuner Grant 26" Screen Jly Oats May 68M. Jly 6914 Barley May Jly Oct Rye May MARK II A 26" BLACK MATRIX SCREEN MODEL CCC960 Spaniih lowboy handcrafttd in Farttt By THE CANADIAN PRESS Murphy Oil Co. Ltd., year ended Dec. 31: 1971, Oak venten and hardwood wlidi. Auromofic Firto Tuning Accucolor Syitom ACTIVE TV SERVICE ME THESE AND MANY MORE MODELS IN STOCK NOWI S.YEAR PROTECTION PLAN 1238 3rd S. Phone 327-5020 OPEN THURSDAY AND FRIDAY TILL 9 P.M. ;