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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 14, 1972, Lethbridge, Alberta Gold stocks up; others show drop TORONTO (CP) Gold Is luei moved fractionally higher while prices in most other sec tore of the Toronto stock marke dropped lower for the second consecutive session in moderate mid-morning trading today. The industrial index was nfi .91 to 192.90, base metals .06 to 85.34 and western oils .19 to 226.10. Golds were up .35 155.29. Volume by 11 a.m. was .shares, compared with at the same time Thurs- day. Declines outnumbered ad- vaoces 160 to 108 wilh 188 issues unchanged Banking, steel, beverage, inercbaodising, general manu- facturing and pipeline stocks recorded broad declines. Utility, oil refining, food processing and construction and materials is- sues moved moderately higher. Falconbridge was down 2Vj to Koffler Stores to f 16, Sherritt to Numac V, to Acklands to tKi, Gulf Oil V2 to ?28, Hudson Bay Min ing VB to and Inco to Patino rose to Impe- rial OU to Westcoast Transmission to Slater, Walker 'Vt to and Eastern Canada Savings and Loan to STOCKS NOON MONTREAL (CP) Prices steadied in light trading in the Montreal stock market today. The 85-stock composite aver- age was down .23 to 197.00. In- dustrials rose' .07 to 199.32 and papers .11 to 85.04. Utilities dipped .54 to 162.18 and banks 1.74 to 242.48. Combined volume on the Montreal and Canadian stock EDMONTON (CP) Al- berta hog producers don't want any type of government con- or quotas, says Bruce Jet- !ery, manager of the Alberta Hog Producers Mark eting Board. "A quota Dr. Jef- ery said in an interview, "as- sumes a relatively fixed do- mestic market that shall be shared, not necessarily equita- bly, by a number of predeter- mined producers." "This, in our view, decreases competition and hence, effi- ciency." He said such action could seriously impede export rear- Let development. "Western Canada has a tre- exchanges at 11 a.m. was r endous potential for bog pro- market after being soft at the opening. Trade was fairly ac live. The Dow Jones average of 30 industrial stocks was up .30 to 905.48 at noon. Analysts said that profit-tak- ing Geemtd to be drying up in the wake of Thursday's down- trend. Among Canadian issues on the New York Stock Exchange Mclntyre Porcupine fell. 3 to Distillers Seagrams was down at anl Hudson Bay Mining at Dome Mines rose 1% to and Gen- star Ltd. Vi to Hog producers turn thumbs down on quotas 'compared with 'at the same time Thursday. Laidlaw Motorways rose 3 to Hollinger Mines ;i to and .Imperial Oil to National Sea Products was down 1 to Canada Cement Lafarge 1. to. Gulf Oil Can- ada to. and Bank of Nova Scotia ,to DJA UP NEW YORK (AP) Stock prices strengthened in today's PAST, COMFORTABLE AIR CHARTER SERVICE Uic our convenient, write-your- own-schcdulc air charter service (..for routine business or pleas- ure trips, sudden unexpected emergencies, direct airline con- nections.. Modem, quiet, com- fortable Piper airplanes..single or twin-engine.-flown by expert pilots. Quite often the time and ex- penses you save mean real mon- ey savings, too. Nest out-of- town trip let us take you in your own personal To idiedule a trip or lor more de- tails just phone: LETHBRIDGE AIR SERVICE LTD. P.O. Box BSD Hang.r No. 7 Kenyan Field, Phoni 327-1161 duction which can be develop- ed through a rational approach to export markets. "Once.a quota system has been established, it becomes more difficult for new produc- ers to enter the industry." Dr. Jeffery said hog produc- ers don't want any part of the national farm products mar- keting bill or any government control over supply manage- ment or interprovintial and el- port marketing. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 24.40, average Thursday 24.61. Red Deer: No sales, average Thursday 24.18. Calgary: 24.40, average Thursday 24.21. Lethbridge: No sales, aver- age Thursday 24.62. Lloydminster: No sales, erage Thursday 23.85. Grande Prairie: No sales, average Thursday 23.B5. Total sales sold 206, average Thursday 21.51. Sara average 14.75. Quebec shares Arctic OTTAWA (CP) One of the messages Northern Develop- ment Minister Jean Chretien Is trying to get tents ia Quebec is tbi't French-Canadians have just as big a stake in the Arctic as other Canadians. In an interview, the minister said both he and Prime Minister Trudeau "use the North as a unifying factor while speaking in Quebec." Even in the junior colleges "where they are all supposed to be separatists, I have no prob- lem talking about the North, said Mr. Chretien. "They get excited and want a piece of the action, so to be sand. "I tell them that if wt suc- ceed in developing toe North, that they will get a share of it. WORLD WILL LAUGH "And I tell them 'you will be the laughing stock of the world If you separate today we find a couple of Prudhoe Bays in the North'." "It would be difficult then for French-Canadians to turn back and ask for a share of the wealth. I would guess that other Canadians would tell them to go to hell." Mr. Chretien said residents of a separate Quebec "would bang their heads on the wall" if that should happen. Unfortunately, he said, French-Canadians find it more difficult than English-Canadians to settle in Northern Canada. "If English-Canadians go lo frobisber Bay or lo Inuvik, hey will have no trouble at all. The school system is made for hem. FRENCH HAVE TROUBLE "But If you are a French-Ca- nadian, you are going to have a KlI of a time." Mr. Chretien commended the city of Whitehorse for offering French courses in Grade 1 but nuch more was needed both in he Yukon and the Northwest Territories. French-Canadians want to share in the adventure and de- velopment of the territories and more must be done to make them feel at home there, he said. It is not known how many Branch-Canadians now live in he North but it is Mr. Chre- ien's guess that the number "is n the hundreds." Most are in he Eastern Arctic working for he transport department, Bell Canada or Nordair in Frobisher Bay or Resolute. Dividends By THE CANADIAN PRESS George Weslon Ltd., common 21 cents April 1, record March 3; 454 per cent pfd. first serin March 1, record Feb. 15; six per cent pfd. second series ?1.50 March 1, record Feb. 15. Scolt Paper Ltd., ZH4 cents Jan. 31, record Jan. 15. Selkirk Holdings Ltd., Oass A nine cents March 31, record March U. JUDO POPULAR There are some 580 judo clubs in Britain. APPLICATIONS ARE NOW BEING ACCEPTED FOR EXPERIENCED MANAGERIAL PERSONNEL IN RETAIL FIELD Excellent folurc with Canada's fastest growing dtpart- men) store. Salary to commensurata with exparitnca. Apply in ptrMn or oddran rtturni, PERSONNEL DEPARTMENT WOOLCO DEPARTMENT STORE, 2025 MAYOR MAORATH DRIVE Livestock Lethbridge Livestock NOT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) Receipts to 11 a.m. today on the Cal- gary livestock market were 550 head; mostly replacement cattle and stock calves. Trade was active. Slaughter cattle on offer sold in line with Thursday's closing prices. Choice steers 33.75 to 34.30, good 32.75 to 33.75, medium 3150 to 32.75. Good to choice heifers 30.50 to 31.90, medium 29.25 to 30.50. Good cows 21.50 to 22.50, medium 20.50 to 21 50, caoners and cutters 18 to 20.50. Good bulls 25 to 27. Replacement cattle were mostly yearling steers selling at steady prices. Slock calves met a gooc demand at fully steady Good feeder steers under 750 pounds 36 to 38, 750 pounds up 33.50 to 36. 5ood feeder heifers 600 pounds up 30 to 32.25. Good stock steer c lives 38 to M, good stock heifer calves under 400 pounds 35 to 37.75, 440 pounds up 33 to 35. Hogs average base price 21.40. Beef futures WINNIPEG (CP) Live beef futures close Thursday. Jan. 35.65; Mar. 34.50; May 33.75B; July 32.75B. Wednesday's volume: 60 con- tacts. ASPHALT PAVING TOLLESTRUP Conduction Co. lid. i SAND and ORAVEl A w mom 321-2702 _ 327-3410 _ j Miscellaneous quotations Vancouver, Calgary, Montreal r Mhwty. RMANH uti HeCulf) LAST BID Oft KALE i.m. Ouotn) 11.75 M.7S t.X t.K 3.75 9.U AlmllHX Altl Elft GH Astmtrt AlhUnd 8P Oil GM cm south Cdn Ex cis Cdn Homestd Cdn Home Pld Cdn Ind Gis Oil Cdn Long U Cdn Supir Chlrttr Chltltin Doml Petl Ot Plilns at Cdn ON Lochlil North Cdn Oil Nuinic I'm Cdn Pfll Pin Petrol Pinnacle GIS Ponder Ringer Scurry Rifn Spooner Seltons Total Ulster West Dccaltl Wist Pile MISCELLANEOUS INDUSTRIES Aguatilni Brlnco (.to Cdn Brew A 31.00 Cdn Brew B 37.50 Cdn Piclflc Inv Crowenest Ind Cygnus A Cygnus B Genstar Home A Hugh Russell Husky Oil Husky Oil Husky oil Wir Inttr Pfov Plpi IS.Oo icilMr Ml MGF MHUgi PICKIC Pill U.1S 5.00 f.W IMS ll.SO 5.X 1.71 SM li.OO 1600 14.25 1.15 .57 1.IS 73 ml" Acroll Barms Oil Mafllson Norln Cent i.m. It 00 Mat Or H I7.UV4 Nil Hnuxem 42.00 N.W. FlMKt N.W. Growth Prln Or I.MVi Rgrfvnf I.1S Temp Gr 2.70 Un Accum Unlv Sivlngf 7.7: 4.37'A VANCOUVH 5.00 MINI! 4.15 Anuk 11.7] Artie Mining Allii Expior .55 Bllh NorU .04V4 Brmdi .12 Church Copplf ,021ft Croyden -39 f.ll 5.K 7.15 7.1 4.7] 9.11 1.13 <.4 4.U 4.10 t.l I.N 5.11 S.I 7.77 I.S4 PIPK LIKC ITOCKI Dolly VlltMn Alia GIS Tr A M.12H Dynasty 74.SO Fort Reliance 22.10 Giant Mascot 13.37V, Granlsla 15.62'A Kim Lorim 13.25 Lyllon Minerals Primer Alll Oils Tr Pld Alti Nit Gis tn Nit Gis Nor ind Cent Nor ind Cent I -'ic Gas Trins 14.57'A Gil Metro 17 23 GH Metre A 1.24 Trinl-Cdl Pipe 9.10 Tnns-Cdi P B 7.U Tnns-Cdi A 114 Trins-cdi wirr 7JS West Trans 1M2'A West wirrants 9.55 a MUTUAL FUNDS Pyrimld 31.75 Sllvir Standard 41.50 Ttxmonl 71.75 Trolen 12.00 Valley Coepir 27.17'A West Resources .94 M .47 1.90 9.20 .95 .14 .11 7.15 .42 5.40 1.10 .n 1.45 I.M .10 .34 1.40 .59 .37 9.00 .10 All Cdn Com All Cdn Dlvl All Cdn Vent Amer Gr Fd AGF Special Cdn In Fund Cdl Mutuil Comm Lever Corp Invest INDUSTRIALS Block Brother! 3.50 Home B Hud Bly Co Hud Bly Oil a.45 9.24 B.C. Sugir 9.43 10.31 B.C. Sugir Pfd 4.07 Cip Intirnatloral i.41 7.04 Crest Forest Ind 3.17 Grower's "B" 4.94 5.41 Key IndustrM 6.32 6.94 Hys 3.47 3.92 inter Breweries wmp mica! 640 Inter Mariner Corp Invest Fd 5.01 S.47 Dk Hellcopxr Drey Fd U.S. 12.77 West Air Gr In Shares 3.7] 4.09 stem Int'l Res JJ'S Gr Equity t.ll 7.41 OILS In Gr Fund 11.17 12.97 Albany oils In Mutual 5.72 e.2i Plains Pete t.75 19.25 11.25 5.61VS 4.05 3.K .26 9.45 3.95 7.3 14.3714 1.02 Hud Bly Oil Pit 56.50 Mut Accum e.ll Wipe Expior .13 Toronto mines, industrials (Supplied Dj Rlchirdion Secnriliei LAST BW OR SALE a.m. Quotil) MINES Acme Advoccle Aib. Akallchn Bralorne Broulan BefhlBhem Brunswick Canada Tung. Casslar cenfrai Pat. Con weil Cons. Rambler Coin Lake Cochenour Cralgmont Dlckenson Mints Denlson Mines Deer Horn D'Eldona Dome Mines Donalds Discovery Minn East Malar-tic East Sullivan Falcon Frobex First MarlllmM Giant Y.K. 7.50 Bd VIE 3.00 Granduc 4.50 Headway K L. fl.ffl Hollinger 3B.OO Hudson Bay M-S 22.50 Hydra Ex. Iron Bay Iso Joiier Quebec Kerr Addison Key Anacon Labrador Lake Shore Lanols Sliver Madsen R.L. MalarUc G.F. AAarfln McNeely Mac In tyre Meta Mldrlm Intern Mogul N'ew West Homt New Athona W. Copptr Noranda Northcjal-j Norlex Oslsko Pine Point .25 2.05 .46 2.21 .23 19.25 2.95 1.70 1.75 1.20 1.75 2S.75 .04'A .52 51.25 .01 .72 1.25 3.25 19.00 .38 3.30 1.4! .23 7.75 .21 3J.25 2.45 .06 .66 .67 .OJV4 10.00 .11 .17 9 40 1.75 .11 2.31 35.25 5.00 .27 JOli 17.25 a.m. 4mlea) QuotBil Plactr Dev. 37.62'A Dnfaseo 25.00 CAB 16.37' GT Cdn Oil Gen Motors Gt Lakes Pap 16.62'A Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk impeN.ii1 Oil 1-maEci Inf Nickel Int Pipe Inv Gp A P.C. Exp. Quebec Man Rayrock Radlorc Rio Algom Roman Corp. Sherrllt Gordon Silver Miller Sleep Rock Tek Corp. Texmont Upper Canada weslern Mines Wright Hargreaves 1.2 Wlllroy .10 Wlndlall J9 YeJIowknlfe Bear 4.75 1 25 14.00 .03 2.51 5.5! -U 1.15 3.OS 5.25 B2.2S 1E.OO J837V) 17.00 2.75 27.75 45.00 30.62V.1 In! Utilities Indust Accept Zenmac Laurenllde INDUSTRIALS Doufl A Ablllbl Alcan Algoma Steel Atco Ind At Ian Sugar Agra Indust Bell Tel Brazil Trie B.C. Tel Burns B.C. Forest B.C. Sugar Bow Valley CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credll C.W.N. Gas Cdn Indust Canada 5 S Cdn Marconi Cdn Chrysler CPR Comlnco Cons Bath cans Gas C.W.N. 681 Dfsl Sta Dom Bridge Domtir Dom Textile Dom Stores Pele 19.25 66.00 14.00 Loblaw A Massey Ferg McMlilar, Bloc Moorf Corp Motions A Meltons B North, Cent Power Corp Co 51 Law Corp rh.ii rna Shell CDA 11.75 15.00 40.00 2.SS 10.25 Simspon'E Simp Sears Sleel ol Can Selkirk A Texaco Traders Gp A Trans Mln Pp Trans Can P? Union Gas Union on Versallla Mto westtel Union tir Weston'i B Woodwtrd'i A West Cdn Sd Ztnlth Elec BANKS Cm Imperlil Montreal Nova Scolli 33.75 Tor-Dom 8.7! 44.62W I1.37H 11.75 4, SO 3.95 12.12'A 25.50 41.25 21.12U 21.00 15.00 7.25 17.50 20.25 37.87V4 21.25 27.00 New Yorfc stocks (Supplied By Rlckardtm Securities ol Canada) Arr.r T Ind T Anacondl Beth Stetl Chrysler Comsat Duponl Gen Motors f ..t.r Ken" Copper Mont War 100.50 X Colds 15UO up 1.41 10 Met B5.61 up 21 U WHt Oils 221.24 ofl .05 35.37V2 Volume 50.00 NEW YORK AVERAGES 30 Ind 905.49 up .30 20 Rails ?46Jfi up .41 ?JS U'S- 31'a 1S Ut" M 26 mi TORONTO AVERAOES 45 Slocks 315.33 up .41 20 Ind 193.30 of! .51 Volume 47.I2H Selrl Std Oil of N.J. 29.371, Texu Suit 29.00 Texas Co W.37'i Wlckl Corp 150.25 Woolworlh B2.75 West Electric Grain price review Winnipeg Grain WINNIPEG (CP) Oilseed prices Etiowed solid increases at mid-session on the Winnipeg Grain Exchange today on the GM price increases announced TORONTO (CP) General Motors of Canada Ltd. an- nounced here it is increas- ing suggested list prices of 1972 cars by between and effective immediately. A company statement said the minimum increase is on the Vega and the maximum on the Corvette. The statement said "the price Increases are to cover product improvements includ- ing the three-point seat belt warning system." This is the second increase on price for 1972 models. The company announced in Decem- ber an average increase of 2.5 per cent in suggested list mees. The range on the car- increase was irom ?1 for the Cadillac Calais to on Uie Oldsmoblle Delta Royale. GM had announced a cent increase for 1972 curs in August but the increase was re- scinded following the price freeze In the United States. MANY REARS There nro nearly brown bears within the Soviet Union. strength of good exporter buy- ing. Locals and commission also were active in both commodi- ties. There was no trading in the feed grains, while rye snowed marginal increases. Volume of trade Thursday consisted of bushels of flax, bushels of Van- couver rapeseed, of Thunder Bay rapeseed and of rye. Mid-session prices: Flax: May U4 higher July 1% higher Oct. higher Rapeseed Vancouver: Jan. 2% higher 2.41; March 214 higher June 2V4 higher Sep. Rapeseed Thunder Bay: May 1% higher 2.34; July M4 higher 2.32V.B; Oct. 2.30A. Oats: May and July not open. Barley: May higher J.0814; July and Oct. not open. May H4 higher 98ttB; July unchanged Grain quotes Thursday (basis High Low Close May 235 239% Jly 258% 254 V4 Oct 262 2S9 261% RapesccA Vancouver Jan 234 Mflr 25Hi 24Ui June 238 Rapeseed Thunder Ray May 230 228 '232 li Jly 230% 230 230tt Oals May 68% MJi 68W Jly Barley May 106% lOeVs 10SU Jly 10814 Oct 108 Rye May 97 96y< 97 lly 97% Friday, Jinviry 14, M71 THI UTHMIDOI HHAIA Japanese worker receives attractive fringe benefits By PAUL JACKSON Herald Ottawa Bureau OTTAWA A publication by the Canada Japan Trade Coun- cil currently circulating here killi a few myths about the lot of toe Japanese worker. There's been a whole lot of controversy In recent years about UK flood of BO called cbeap Japanese products. We're told the Japanese seek to un- dercut domestic by paying their workers what amounts to slave style wage rates. Not true, says the Canada Japan Trade Council. And just to eradicate rcany doubts it quotes a few statistics. In ac- tual take home pay, Japanese workers do earn significantly less than their Western Euro- pean and North American coun- terpart. But the fringe bene- fits, especiaHy in housing, should make some of us stop and think a while. TWO BONUSES For instance, at a large steel plant on the shores of Tokyo Bay, the average basic month- ly wage is about Canadian a year. But to this is added two annual bonuses of two months wages. This brings the annual total in straight Wages up to When it comes to fringe bene- fits the worker's income really starts to took attractive. His monthly rent for accomnuda- tion in modern multiple dwell- ings built and maintained by the steel company is less than Compare that to the fun a month and plus rents Canadians have to pay. The apartment blocks are sit- uated on a landscaped hilltop site and adjacent to large and elaborate recreational centres jroriding many types of facll- .ties. Workers and their fam- ilies can use there free of charge. Transportation to and from the plant is also free. So is medical and hospital services. And if you want to take a vacation without ruining the bank account you can do so at one of the company's seashore or mountain resorts where ac- commodation and meals will cost the worker less than (2 day. There's also tots of job secur- ity. Lay offs are unknown: If steel production has to be cut back, workers are assigned to other tasks or can devote their Feed firm to build new mill OLDS (CP) A feed mill which was destroyed by an ex- plosion and fire last December will be rebuilt, says Gordon Moss, manager of United Feeds Ltd. in Calgary. He said today in a news re- lease that construction will start on the United Feeds mill as soon as weather conditions are favorable. Size and capacities of new machinery to be install- ed were not announced. One man was killed and three injured in the explosion Dec. 5. Ford dividend 65 cents DETROIT (AP) Ford Motor Co. today declared a first-quarter dividend of 65 cents a share, payable March 1 to stockholders of record Jan. 81. Ford paid a similar dividend in the last two quarters but paid only 60 cents in tire first quarter of 1971. Net earnings By THE CANADIAN PRESS Maple Leaf Gardens Ltd., three months ended Nov. 30: 1971, 51 cents a share; 1970, 48 cents. time to educational training at company facilities. On full pay, of cone. There's caw mentioned of a woollen mill in Nomiya dis- trict which, wherever that is is situated adjacent to Na- goya. Here, workers get an an- nual bonus equivalent to six months salary. In another situation, workers actually receive a housing al- lowance from employers U they don't live in company provid- ed accommodation. The allow- ances range from between a month to nearly When you realize the type of accom- modation that can buy in Ja- pan you can see vjhere them might be a market for a manu- facturer of mini-castles. Wages have been Increasing steeply in most industries in Japan over the past few yearn and this trend is expected to continue because of the short- age of labor and the difficulty in attracting suitable young people into heavy industry and manufacturing. The Japanese employers say they are experiencing a prob- lem already apparent in the West of young people prefer- ring to go into service indus- tries In urban centres rather than travel to outlaying dis- tricts to work in "dirty" heavy industry. One tiling is apparent looking at those figures and fringe ben- efits. That is that the day of the sweat shop operation seems to have died In Japan. And with those type of fringe benefits there'd be no difficul- ty in getting a lot of Canadians and Americans to sing the tra- ditional Japanese song of praise lo the company before start- ing work each rooming! 300 SUNGLASSES to choeu from AVAILABLE IN YOUR RX OPTICAL PR1SC9IPTION CO ACE BUILDING SUPPLIES Weldwood Prefinished Panelling OZITE INDOOR CARPET Rtg. 4.S5 iq. yd. OZITE INDOOR CARPET CITATION PREFINISHED MASONITE PANELLING S colon lo choou from, (tn. 4.95 (Mr ihttt CEILING TILE (PLAIN WHITE) Spruci lin. ft. 1x3-1' Conitruclion Spruti lln. ft. ft. PITTSBURGH PAINT 25% DISCOUNT 4 MM PREFINISHED MAHOGANY PANELS On dll Interior Latex and Oil Bait Point! ACE BUILDING SUPPLIES CORNER OF 5th AVE. AND 24th ST. N. PHONES 331-7014, 3JI-IM4 ;