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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 13, 1973, Lethbridge, Alberta oil, gas shortage threat makes market leap Bv MIKE WILLIAMS Canadian Press Sull The threat of a severe oil ar.d natural gas shortage in the United S'ates provided related stocks with added this as prires rose sharply on major Canadian stock mar- kets. Other sectors also ajoyea a prosperous in ECLivo trading. lies', of Canada's laree oil producers renounced price in- i creases eariy in the week at the 1 same time as shortages, were reported in the U.S. Reports from Washington said low supply and high demand could mean soaring prices and rationing if domestic resources not augmented by more imports, especially from Can- ada. The news had a positive ef- fect on Canadian oil and gas slocks as prices recorded sharp gains. I Reports of the energy short- j i age overshadowed increases an-1 Hounced earlier by North Amer- j ican copper producers. Falconbridge Copper was the first lo arjiounce a price in- crease lor domestic copper fol- lowed by Noranda, Hudson Bay r Bond prices forurday, January 13, 1973 THE LETHSRIDGE HERALD 23 Rapeseed supply 'insufficient' SASKATOON fCP) Sup- plies of low-grade rapeseed in Canadian elevators are insuffi- cent to fill eiport contracts, the director of (he Rapeseed Asso- ciation ol Canada raid Friday. James McAnsh told a meet- ing of the University of Sas- katchevran's farm and home Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS reveals few guns i Gulf. Trie increases followed similar moves in the U.S. LIFTS CONTROLS While investors were sSll 1 reeling from ue first two devel- President Nixon an- irage and price coatrols would be lifted in most sectors. Food and health products are to re- main under control. 1, 3 July ll Perp 3rc Sept. April 1, July 1, Sept. 1, Cdn L'M '91 107.00 109.00 SnlvPfrf CTTvG '90 103.00 110.00 Gulf Oil '90 ?04.M J06.00 Inter P P ff4ro '90 107.00 109.00 LMassey '30 105.00 107.00 Korandd '90 106.00 108.00 '73 106 M 108 00 I Nickel '90 107.00 109.00 '83 83 00 85 00 I N C G 9V '91 107.00 109.00 15 iOOO Of Cda '90 106.00 109.00 '75 IIP M 103 00 Tr p 'M '75 104.50 105.30 Tr Cda P HT, '90 110.00 113.00 '92 84.03 86.00; By THE ASSOCIATED PRESS Stepped-up security proce- dures at United Stores airpons failed [o produce larse- scale seizures of weapons or po- tennal hijacking dev.ces arid have results in only a few com- plaints from passengers, au- thorities report. An Associated Press spot check of shout a dozen major U.S. cities showed searches of airline passenger? tui-ncd up scattered eras, knives snd other weapons m the firs: after new federal reguisdor.; to prevent hijackings weni inco ef- fect. "Things are really cocg much better than our ex- said a Braciff Air- rices ir. Dajas. ''Our security peooie are im- proving their efficiency every day arjd passengers are co-oper- ating in almnsT inr.snce." A spokesman at Htco'.ub In- .Airrcrr speed Ihsi passengers hsve been "P9 prr cent co-operative" saoe r.V tightened soruriiy look effect JSB. 5 ENGINEERED HOMES SALES REPRESENTATIVE APPOINTMENT MR. S. (STEVE! SHAW V, c -i c g E r c: pc'i.iwe.-i" c; M- 5 Sisye1 c ve-y s'ui ccreer n ;-e fe'iirg field fr- ;-e TJ -s. inee-ed Hr 15 ' I A United Airlines spcte- man in Los Angeles reported t'jrang up one switchblade and hatche'. were coo- fi5cated and returned to passen- rers a: the of the flight. American Airlines said ii had to confiscate several Indian arnra-beads and sjearbeads being carried to a museum in Arizona. Ther were retarned lo the oivner in PnoeniiL Donald S. Donohue, the air co-oroinaior for the i cistoms operaucra at Kennedy Airport in Xer York, said guus and other weapres had been turned up in the week Jan. 5 than in a com- pjraMe period last year. USE PRIVATE GUARDS He noted that the searches now are conducted by privale guards hired by the sir'jres. wruie Ja5t year's screeniae was done by custorffi inspectors. ''I C2n oiuy iiterprei the UE- to mean that the private forces are snnpiy pot as adept a: searchins as the customs security- ofii- tvrs." he srjd. Tne searches of passecsers arid their carry-on luggage are L'IC first step in a tiro-part fed- eral program. Starting next month, airport will be required ;o hire armed security a move some authorities say they can1; afford. tile airlines ar.d the Faim Beach County Commis- sion hare refused lo foot the bill for a guard force at ths Palrn Beach International 1 The Federal Aviation Adminis- tration says 22 arraed guards be needed to checi "depar- tures starting Feb. 5. The Palm Beach commission the cost of ihe addi- ucnal guards would be a vear. The FAA said that if the rules are rex obeyed, the county will be fired Sl.KO for each depan- irg 'The county says it will the to depar- tures unless the airiines or the federal government pay the new poiice. force. There are now more ihan 50 departures from the airport each day. PROVINCIAL GOVERNMENT OF GUARANTEED BONDS CONVERTIBLES i A1U G T 7Hr. '90 173.00 180.00 Cons Gas '89 60.00 92.00 Alberta Man Hvd S Sask Nfld AGT Man Tel 8 Alia G T Alcan BeU Tel Bell Tel CP Ltd CP P'i'i The ce-.vs lined prices m New Cfe'-srio 7 York sharply higher Thursday Ont Hyd 9 i ard at time die Dow Jones i New Br 9 industrial average wss IID more 1 Xfld 8 than 15 points. The confidence j S. 6 was also reflected ai Toronto Quebec 7- j and other Canadian markets 1 Alberta 8 where sharp increases were regteered. But many of the gains were kst by the dose of trading as some investors viewed the eas- ins of the COD- trols as a direct path to runa- way balanon. Western oil stocks led the ad- on Canadian stock msr- kets for the wtek but almost all sectors closed hisher. M Toron-o. the mdustrial in- dex, considered a major in- j dic-aior of market trends, rose j f5 on the weak to 123.58, an Eli-tme closlriE hish. DOIT CLOSES'LOWER Ac New York, the Dow Jones average of 30 key stocks closed down 3.12 at 1.039.36 afier a see-saw 'week. The average reached E record dosing hieb of 3.051.7fi 1 Thursday but a plunge of 12.S4 points Friday, which anal.vsts attributed to profit-taking. erased a3 early gains. On the MoiC-esl and dian exchange, the corr-posite index rose 3.33 oa the week to 540.25. i volume on the twu mar- ke'-s was 9.17 miUicra shsres compared with 4.5S million e week earlier. Trading at Toronto was acuve throughout the week with 19.33 million shares changing compared with 12.75 million b 1 the previous fotir-day tracing week" Gold issues a: Toro-to rose S.63 poicts d-jrag ihe week to i close a: 199.13. A gain o: 5.W pointe Friday accounted for 1 most cf the Trie hsse rnets! indes closed a'. 9S.S2. up 4.M on ihs week. Western oils jimed 14.31 points to i'o largest i weekly increase ir. aimos; a year. .Among comnanies an-! nouEcing price increases were j Texaco, up ss on iise week to 567. Canadian Superior to fSS-'i. Imperial 05 to i and Shell A to se0. '90 105.00 107.00 i '33 93.03 95.CO: '82 102.00 '83 103.00 105.00 Z '94 108.00 110.00 Scur Rain 7lirr '83 91.00 94.00 .nnnmr, r KC Tr C SH'i '83 65.00 83.00 I 110.00 '92 B4.M 86.03; '74 99.30 101.50 '90 105.00 108.00 '91 100.00 101.03 '90 105.00 103.00 rants railKS OTTAWA (CP) The Royal '90 103.00 I10.M i Canadian Air Force AssociarJon "c '74 100.00 h35 opened its ranks to aviation "t '74 100.00 102.0D' finns as associate membeB, i tie association announced to- pnces increase TORONTO fCP) Esso Chemical Canada, z division of Imperial Oi! Ltd., FridaT an- nounced aa increase in posted prices ior bulk sales of hydro- carbon solvents by tun cents I i gsllori effective I The products affected are I losol and Varsol solvents used !ia paints, rubber products, ad- j hesives and waies. The company said increases i ifl feedstock and other business costs made the price increase necessary. The solvents are manufac- tured from crude oil at petro- chemical plants at Samia, Om. and Vancouver. week that if the export con- tracts are not filled, the price paid to farmers lor frozen, sani- ple-grade rapeseed probably will be depressed. Government incentives for in- creased rapeseed deliveries. could be wiped out and chances of further sample rapeseed ex- ports permanently hurt, he said. Fewer e I p o r t s agreements could mean that elevator com- panies would refuse to handle the ]ow-grade grain, leavmg do- mestic feedlots as the only re- maming market. Mr. McAnsh said deliveries o: sample rapeseed were delayed fnig year by unseasonably cold weather. The grain is scheduled to leave Vancouver docks in Feb- ruary, giving farmers less than a month to move it inw eleva- tors and out to Vancouver. Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today up 2-32 at SO.99 Pound sterling up U ai S2.35. NEW YORK fCP) dian dollar in terms of U.S. at noon down 3-64 at Sl.W 7-53. Pound sterling at E2.J5 13- INDUSTRIALS day, 90 107.M !09 00 The associatioo said m a '91 103.00 109.001 news release that the adyance- B.C. For '92 lfe.00 311.00 meat of in Canada now B.C. Tel '90 105.00 103.00 is its aim. It origiaally '79 105.00 106.93 j was an air force veterans or- '93 109.00 ui.oo eamzadon. with 10.000 members '89 IC-i.OO 105.00 i in Canada, the U.S. and Kime '90 105.00 107.00 I other countries. RECENT C.A. GRADUATE or SENIOR STUDENT required by LETHBRIDGE FIRM OF CHARTERED ACCOUNTANTS Excellent partnership prSEpKts for the right applicant. replying pleass 'background cncf experience to PO. BOX 69S, LETHBRIDGE, ALBERTA RECENT UNIVERSITY GRADUATE with BACHaOR'S DEGREE IN ECONOMICS or COMMERCE or INTERMEDIATE STUDENT Required with view to articling with FIRM of CHARTERED ACCOUNTANTS IN Please reply to P.O. Box 698, Lerhbridge, Alberta MONDAY p.m. SPECIAL Feeder Hog and Baby Calf Sales Wednesday a.m. FAT and FEEDER CATTLE SALES SLAUGHTER HOSS ASSEMBLED AND SOLD MONDAY FRIDAY WE EUY and SELL FAT and FHDER LAMBS DAIIY FRIDAY a.m. FAT and FEEDER Cattle Sales p.m. SPECIAL STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADIrtG HOGS. ED FRENCH 3JS-3954 DAN KLASSEN 345-4358 KFN MILIEU, MAGRATH 758-6607 LOU DEJASER WHIT HENINGER 328-7354 Ph: CONSIGN ALL YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK 'In The Hecrt C-" C s Coupr.-y" Office 577-0101 Alberta Stockyardl P.O. BOX S.S.1-7-7, LETHBRiDGE, ALBERTA H. H. Smith Ltd. Customs Broker COBTTJ OFFICE MANAGER-ACCOUNTANT es'cb'-i'r-sd c-d firm squire! c- cs r- -cge- ;cr ;reir Sncnvccd loccficn. Duties Indies cre-'ir accounts re- ceivccle recc-cs end n'.cnth y cccc-jrling 'o trial bclcicp. is o position which offers exce'lenl conditicns end attractive salary. e c BOX .17. IETHBRIDGE HERALD Appointed EDMOXTOX E. J. Vielis has been ager of CanaciiaTi Ns-JorsI TelsconuTjucicariins norfi-Hvcs; region. wiLh heado.uarters here, it was roua'-. Forraeriy' chief en- pneer a- nesdquartere fa i Toronto. Mr. Wsiis" succeeds J. D. Cooper who has beer. filmed s: Winnipeg. Mr. Wells will be responsive CXT's ir ern Algeria and fcia. YiLton ar.a a large area o: the Terriro-- ies. THOUGHT POISOXOVS Tomatoes were race csllcd 1 applts" ar.d were thought to be A CONSULTING ENGINEERING FIRM HAS A REQUIREMENT FOR A SENIOR ENGINEER- ING TECHNICIAN. A MINIMUM OF FIVE YEARS' EXPERIENCE IN MUNICIPAL AND CIVIL ENGINEERING WORKS PREFERRED. UNDERWOOD McLELLAN ASSOCIATES LIMITED 401 MAYOR MAGRATH DRIVE LETHBRIDGE, ALBERTA the MOTOR HOTEL Welcomes you to Edmonton To help m ke your stay more liks lo ycu to cur facilities. MORE PEOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone JVIERA MOTOR HOTEL 5359 CALGARY TRAIL 43-43-43-1 Diagramless 21x21.1 t w. Frank T-i La'.err-: 35 -----c-'arcn 44 50 50HTIONS 01 I 1M TfLli'- Fl .'Jl TJ 1973 tv ChiiisoTiibur.l-N.Y. Hfifi S) nd. CRYPTOGRAMS 1. ATZ BVM LVK FKEP UG SUFY G S V F P A F, G r I N G Gil P R E L K Y V F T M Z Z I K V M.Fsnth LID JMQL- YXSJW oi. o Hovi-i. COIP .TIMKW JSCIJ IOL SHH VOX I' KOI. P. J. V R P L Y B 1. r. T V fi, A L Y 1 F E 1 N 1 A K. I V I X I A R ETOL'G GROPING. -P> Nmor. F.htadcs 4. T1RAH YIKAR YIPPIF. H A F T I Y K T. -PvJ.yF. 6. P I Z A Z Y X A W: P 0 7. I 7 F Z A Y 0 N F Y A -P> P.J.R. 6. DAK: OI.TRVDEU S T R V P L OTHS li V P F DY S P R Y H A V. -1'vN.R- Lurt FOR RELEASE JAMJADY li. 1971 1. haU-foldrblind pfoplp nsufilly purplp (mm tnit tnnu> f. T. Suirivftl pwdrns CAD insurr i': ;