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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 15, 1973, Lethbridge, Alberta Mondoy, January 15, 1971 THE IETHMIDOE HESAIO IS oii stocks continue advance ___ Providence 2 era oil stocks continuing to gen- ccats to 36 cents and Noranda TORONTO (CP) With west-, to New TV r I erate the most strength, prices Jlines -t to on the Toronto stock market Sherritt Gordon increased >j rose moderately in active mid-1 to S1634 and Bellinger to MB. morning trading today. The I Dome Mines was down U to western oil index was up 1.52 to 237.37. Scurry-Rainbow gained H to The industrial index, consid-! while Peyio Oils was off 25 ered a major indicator of mar- i cents to So.15. ket trends, climbed .51 to 229.09 j and golds .67 to 199.85. Base; MOXTREU (CP1 AH sec- metals were off .02 to 93.80. I tors advaDCed hi light trading Volume by 11 a.m. was 960.- j m JlontTeal stock market 000 shares compared with 1.05 millioa traded by the same time era the Mon- Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohenj, McCnaig Limited) a.m. WESTERN OILS LAST BID OB SALE a.m. QUDlesi l-m. QuotM) Alta East Gas Alminex Ashlenj BP Canada Brenda Csn So'jin Can Cdi Hcrr-esid Can Ind Gas 0 Ceil Lcng Is Cdn Suptr Charter Cili Chieftan Dorre Fi Reliirce Giar.t Granisle G; C-i Cdn Oil S Lorhiel N'sbJs Mints S'rxln Cdn Fartcon Pancdn Pari Ocean Petrsl Piece Gas Ranger Ind 5.00 Crrwnesl 7.03 '-.iiV'j Cygnt'S B Falcon Grower F ar.d M Trust Ger.slar Ho-r.e A Hud Bay Co Hud Oil 3sy A Pfd Hugrt Russell Hwfcy Oil Oil 3 Pfd Kvsky D War HwW E V.'sr Pips ASS 2S2i J.75 7 J5 20 :s 7.10 t'a 17.50 CM: AGF Special Cdn Invest F Ccl Mutual Cmnw Inler Cmnw Lev C-nnw Vent Cerp Invest 5.5J .7I S.M 15.05 j7.75 524 5.15 Dreyfus F U.S. 13.27 U.S4 Gr In Shares tM 2, if Gr Equity 9.39 10.33 invest Gr F 1353 li.Si 60 Invest M'Jtual W.inu-1 Ac 6.55 7.20 MU7UEI Gr F 4.63 S.W N2, RK e.28 90S 7-75 M Cdn S.W 6.28 9.03 H Gr 6.31 6.43 _ Princidsl Cr Ir.f-r Prev S'eel Rcyfund Kaiser Rt5 _2 15 ,err.p Gr ps-s Universal E.4 PS- 'vW'iir Vannusrd B.5- Cs? 1.1S Bsron! Oil _ Grain prices Winnipeg Grain WDWIPEG (CP) Prices were generally higher in mod- erate trading at mid session on the Winnipeg Commodity Exchange today. Nearby flax futures were up about four cents, and rapeseed was up between about three _ aid six cents. Oats, barley and gSugbtTlast vrMkabout U.S. has second thoughts about Siberian gas deals Bv THEODORE SHABAD Neir York Times Service MOSCOW As the United Slates appeared to be having u.25 li.S'1 WMl X.75 Ir W 1525 Texnonl Pete Friday. Oil refining, pipeline, real es- tate and beverage stocks were among sectors of the market recording gains white chemical, food processing, merchandising and paper and forest issues were lower. (real and Canadian stock ex- changes at 11 a.m. was 348.400 shares, compared with I at the same time Friday. 1 Industrials gained 1.15 to 256.87. the composite 1.03 to 241.33. utilities .93 to 162.25. .73 to 2S3.90 and papers Advances outnumbered de-: ,0 ]0o dines ISO to IK while 207 issues Lhe' Montreal Stock Ex- remained unchanged. ehanee Eas-'era Canada Sav- Home Pitfleld rose ss to S3Ls. -gained 13-. to Metro- Rpyal Trust H to S49. Bow Val- r.-. ta Ca- ley 4 to 5434. Rank Organ- Breweries to S33H. izatioa to S26 and Falcoa- place- j (0 bridge Nickel i- to On Canadian Stock Ex- Loeb M slipped 10 Consolidated Develop- Domtar 'i to SlS's. Weston :i gailied dght to S2 cents on 26.000 snares traded. 5.53 l.U West Pete Dpc-lfa MISCELLANEOUS INDUSTRIES Lid EC BC Supar P'd Block Bros. Cdn Brew A Cin 5r.ii- 5 CS-, Pacific In' Cbn i-3 V.'e'ifiEld A'.ln 1--3 A Pfd 13-25 PIPE LINE STOCKS Alia C-ss i I7.H Alta C-ss rfd 73 W Nat CES 21.75 Ns' Gas .ivt''.! U and C Gs? 12.'5 N BPd C 5 Pfd Pacific Trsrj VANCOUVER MINES rye were up fractionally. "Friday's volume of trade was bushels of flax, of rapeseed and- of 13 773 HIID-SESSION PRICES: 9 co 9 351 FiaT- llay higher ia ''flU-23iiB; Jury higher 4.10; Oct. 1 higher 3.91B; Nov. higher 3.76B. Hapeseed Vancouver: Jan. j'-i higher 3.SOB; March 54 hieber 3.32; June 5't hitler 3327i; Sep. 5 higher 3.29i-iB; Nov. Vh. higher 3.22B. Raoeseed Iliimder Bay: May o.i5 1E.SO 3Q.CO 15.M 13.75 K.O M G2I A Trsrs Cda Pise T; Cda A Pfd -r Cda 5 Pfd Cda Vi'ar 11 121 WC Trans V.'C Trans V.'ts -.50 MUTUAL FUNDS AM Cda Corn E? Pyramid S'l.w Standard Ccl Brewing Irvduslries OILS Alaanv r.v-ii sliia AII 9.4S 1S-55 Plains Pele 2.D3 Cdi Vant 2i.5a C-r F Toronto mines, industrials (Supplied By Richardson Securities oi Canada) LAST ELD OR SALE lira a.n. CL'Clesl e.O- C a.m. Quctes) MINES .1: Ai.-real; Aib. Akailcha higher 3.21H; July 3Vt high- er Oct. higher 3.11A. OaLs: May >i higher l.tffi July !H higher Oct. not open. Barley: May higher July H higher 1.475i; Oct. H lower 1-45E. Rye: May 2 higher July bieber 1.76HA; Oct. not j open. widely pubu'cized Siberian gas deals, the Soviet leadership af- firmed its determination to de- velop the Siberian oil and gas areas on its own, if necessary, by seeding Premier Aleksei Kosygin on an inspection tour. The premier's visit, which in- cluded stops at oil and gas pro- winters and Isolated location. After four lays in the west Siberia, Kosygin Dew Sunday to the city of Orenburg, in the southern Urals, where another major gzs field is under devel- opment. Tins source of gas is situated under far more favor- able conditions aad closer to markets than the distant Siber- ian fields. COST PROBLEM The high cost of resource de- to For tbe Russians, accustomed to expansion of their economy under harsh climatic and phys- ical conditions, costs seemed less important than the pros- pect of insuring important nerw Siberian energy supplies for the industrial acd populatioD centers o! the Europear part of the country, and ultimately {or esport. One oi the pemnial problems for economic planners has been the lack of energy velopment in the remote north- resources in the highly develop- outing centers and meetings ern region appars to have rais- wesiern reaoas of 'the Soviet with local officials, appeared ed questions among Americans i Tjnion with the wealth of oil, designed to underscore the j about earlier plans to help the Eas raai in the sparsely set- KremUn's decision to pursue Russians develop the gas de- the economic development of posits as a potential long-term the forested and swampy west I source of fuel for the energy- Siberain plain despite the en- short east coast of the United nronmental odds posed by long States. fje] eastern areas. wyirt; wheat crop let. !s I i- lacks snow cover protests price hike ojj gas reserves, whin became in- creasingly more significant as geological exploration proceed- ed. Trie newly found deposits are just east of Lbe Ural mountains and closer thp.n other Siberian j fuel resources to the energy- starved Duropean regions of i the Soviet Union. j Despite handic2ps of remote location and lack oi year-round MOSCOW (API Tte Soviet winds. Farmers would like six overland transport routes, oil .i3 .33 3.M .1! l.n Hog prices NEW YORK (API Slock EDMONTON th5i Vieta- N.'.v. LsrJ Ceisis Cc-wtii had been MarketirjE Board Edmoate: 3S.40. Average Jones aver- Friday. 2S.K. 0, 30 industrials had gained Red Deer: 3S.35. Average Fn- j'pj to in aciive trading. dsy. 39.K. Among Canadian 3S.35. Average Fri-. Dome Mines gained to S7r-r. day. 3S.C3. end Walker Gooderham Lethbridge: No sales. Aver- s53'-i. Both up -i age Friday, no sales. Seagrams, ai S47 Lioydrniaster. No sales. Av-' Bay Mining at erage Friday. SS.50. eased Total hoe sales to 11 a.m. Monday W5. average 39.02. To- tri'e Etsr C-rt Cdn C'l Gen Gr: Pa CM Cda Sid Lcria-'- were reaped, delicate winter wheat crop moisture for next sprine. EDMONTON (CP) -Bill WD2Cij Deeds o, Dascavaich of the agricuitm-al recovery. penetrating frosts last t.e. farmers union Saturoay pro-; A vear that Communist party Carted the tested bigner prices for gaso- leader Lemid I. Brezhnev has line annovmced recently by ma- decisive for the five-year jor oil companies. plan seems off to a bad start. in Mr. Dascauch. regional co- Xnere was no snow cover by ordinator of the NTT, said i tie Ukraine and the 'ij''' farmers, who about 30 per central Russian black-earth re- cent of Canada's fuel require- gion. rocs! of the na- tion's S3 million seres of winter grain is planted. Lack of snow wasn't so bad with the urrjsual aboi-e-freer- million, or cne-asSi c' the S> plus viet naiiorii] output of 2.751 mil- nier lion barrels. Union down Urttier the current live-year the worst harvest plan, ending in 1975. the annual Only J68 million yield of tbe" oU fields sched- to Ero" to G75 miliio2 bar- tons be- rr "one-fourth of total So- menls. wiil be bit hard by the increase. "Lacking the bargaining pow- i er enjoyed by organized see- the road 'u since 1959. tons of grai more than 20 low plan. .UAY HEDUCE KILL Enough snow could yet fall to hold tbe winter kill of grain to Roads blocked the rnormal 10 or 20 per cent. Last winter tbe Russians had io tal bog sales Friday. l.WO. To- tal scvns average 28.40. to Disallers and Hudson Genstar 's On the Canadian Jave- lin was up to i to and Scurry Rainbow Oil to 519. Fni C-ie-! Y.K. eran'd'.'C Bay 2 :s 3.5-3 LIFE INSURANCE _ f __ __ (Iniliol Amount) 'oecrcaiing Convertible Term Iniurrnrt) IT WOUID PAY YOU TO COMPAR' THIS WITH ANY OTHER TiRM MONTHLY PREMIUMS (P.A.C. Plan) J1-S7.12 Age 35-S12.3 Aie 25-S7.63 Age 40-S18.49 Age 30-59.18 Age 45-S2S.4Q KEN BELSHER OCCIDENTAL LIFE HOLIDAY VILLAGE Phone 328-0944, Ret. 325-0994 V-cta ir.tarri Nu West f New Athcvi V.1. Horse :r> C--D_A Fo A Wsst Cd-i Sesd 22.00 31.75 37.75 OFFICE MANAGER-ACCOUNTANT Well established sales and manufacturing firm requires en cHice manager for their Spanvcod location. Duties include custcmer credit apprcvcl, accounts re- ceivable records and monthly ccccunting to trial balance. This is o permanent position which offers excellent conditions and attractive salary. Reply in confidence co BOX 47, LETHBRIDGE HERALD B.-I E'CTl Cc-w New York stocks (Snpplied By Ricbanlson Secnrities of Caavil) K GA V.'ard 7X.11 LT T' c1; .11 V5ii '-i-" IS W Oils 2M.H up -Bl C-tH 1.SS.-3W i--tisCccTT, NEW YORK AVERAGES M l_-dl-s: L1? 5.11 U? 13 -M Si-5 TORONTO AVERAGES SircVi up 25 L-? ..'I VcL-ne -IX Southern hog producers urged to attend meeting price increase." Mr. Dascavicb said Lbe Pe'.- ro-chemical ind-ostiy is able to create artificial shortages and use them as an excuse to raise prices. Calgary livestock CALGARY (CP) Receipts to 11 a.m. at the Calgary pub- lic stockyards show sales of 250 head practically all cows and bulls. Trade was active. There were DO slaughter steers on offer. A few slaughter heifers srfd steady. Cows were steady and bulls higher. Heifers Al and 2. 35 to 36.40. Cows Dl and 2. 24.50 to 25.50. JM 20.50 to 23.50. Good bulls 2S to 32.50. Replacement cattle were mostly stock and feeder con's and ?bld steady. There were in- sufncierjt replacement s'.eers and heifers io establish a mar- ket. Tbere also were insufficient stock calves on offer io esub- and feeder cows sold for 22 to 2S. Hogs fob Calgary average base price. 3S.S5. PEACE RIVER 'CP1 A drouEhf over vast areas in stora .w-'sral inches completed what Sonet officials called tors of the economy, farmers ing temperatures of November reseed about third of tbe crop, are at the oi unilateral and December. But now tern-' Winter grains normally pro-; decisions of the kind demon- peratures all along the grain rid? abour 4 per cent o; ihe I strated b" the announced fuel belt ranee from 5 above to 22 wviet grain CTOD. A sumrner degrees below zero End only about inches of snow has fallen. Eerorts in provincial papers indicate that tbe SDOW was shipped off fields by high it from dH> Uni-jed Sates. In an effort, Soviet planners because have set 1973 agricultural and grain targets thst m-jst Wcsi- em eroens consider unrealis- HOI'tll ch >p failure and led to pur- i5e of S2 billion worth of (be West, nrjch of on norihera -JJbe-5 nif" and tocay hss crested icy" rcso" conditions. also said niany buses in the area -.rere not nmniBg rosds were mocked by drifting snow and motorists Tere adrised W 1-rave their CETS ii home. face hike hi sas bill WASHINGTON i I -Naiu- during the last five years, are destined to even faster if United States producers take advantage of e new pricing Drccecure created by As a measure of vrhat the fu- hire coulr> hold for consumers. d for an immediate 73-per- price increase ard want ler increases which drive their price? to current levels within uc. The 1P73 plan caiis for a 12.6- per cent increase in gross agricultural production That follows two years in which the percentage showed a ne: defi- nual average growth of 4.3 per cent over 1971-75. For grain this year, planners call for 197.4 million tons. 2 figure never before achieved and 10 million ton? above the record harvest of 1970. The planners need a perfect year to achieve that goal. Preferred Finance Corporation Ltd. M160, Calgary Ploce, 345 4lh Ave. S.W., Calgary Short-Term ''Bridge" financing ever. Expedienl Phcne MRS. R. THOM WOU'd twice seven years. Behind the new pricing proce- oure is a nationwide ga? short- For the first last EMERGENT MEETING CHARITY LODGE NO. 67 AF AM TUESDAY, JANUARY 16th P.M. To Attend the Funeral of our late BROTHER DAVE CAMPBELL Maeleod Livestock FORT MACLEOD There were 647 cattle and calves on ___ offer at Fort Macleod Auction year, the demand for natural I this week. _ ga? exceeded the supply. Pro- Southern Alberta ho2 pro- Brian Glenfield. a government Slaughter steers and heifers QUCer5 s_-..i the Fe-Jeral Power ducers are urged to attend a mea; grader m vdU were slightly easier from last iFPC1 cmiend special industry mWJns at the discuss the hog grading system, weei with packer steers higher prices are reressary to Lithbridae Eihibition Pavilion Sam Harbison "of Edmoyiton. the goLig back to feeder accounts, uniappec- sources of gas on swine supervisor for the Alber- and bulls remained jn the ta Department of Agriculture, steady. All classes of stockers The result; for the price b- n-ill discuss the proposed record and feeders sold steady, of performance Vor'Alberta hog Choice Seers 3S.75 to 39.20: programs. odd sales choice George Jarokoski. president ers 35 to S5.50; gcad heuers o: tne sponsoring Southern Al-: M.50 to 34.75. berta Hoe Producers Associa- Wednesday at p.m. an OTTPT TORONTO Ltd. plans to make sn cffcr o: one share for each outsisrirYng i share of Home and Pitfield Foods Ltd. 1 Tne offer, subject to approval of M. Loeb directors is to be mailed before the end of January. George Weston Ltd.. has a 14-per-cent interest in Loeb. an Ottawa-based food wholesaler. creases are the first major ones under the FPC prorredure ca'Jec opumal pricing. HEAD CATALOGUER Southern Alberta Insiit-Jie e? Celcc-y, Allc., requires en and LIb-Eri n in the learning Resources Cer.trs UO.CCO suservise staff c: five. Decree in tibrcry Sc'STice. severs! years' relal- ed SIC.fii {under revlsiiV. Competi- tion No. 0640-C-l. This crmpetir'n wi'l rs-cin L-nlil o suitable candidate is selected. 1-fcrmat'C-i and application fo-r.s JrDrr; GOVERNMENT OF AtEERTA PERSONNEl ADMINISTRATION OFFICE ROOM 1101, JOHN J. BOWtEN BUILDING 620 7th AVENUE S.W. CAIC-ARY 2, ALBERTA Good cows 25 to 26: lion, says the meeting is open kinds 2S.50 to 27; to all hog producers. bulls 26 to There mil be a question and cows 22 to 24. Good steers pounds) 48.50 t heifers (450 to good to Public Service Canada Fonction publique Canada FIELD REPRESENTATIVES Salory up to STATISTICS CANADA Field Division Edmonton, Alberta THIS COMPETITION IS OPEN TO BOTH MEN AND WOMEN DUTIES- To be resronsible for tSe colleclicn of statistical o'cta. Dulles would involve: the selection, training a-.d supervision of part-lime the overall manage- ment of statistical surveys including financial management, Ihe analysis cf the data quality and other related or special field survey work os required. QUALIFICATIONS- A good knowledge of personnel intor- viewins osses'ment techniques, o kowledgc of fircnciol rronogcrnent principles, practices and procedures and their collation Io ihe dala collection function The obiKry Io mcintoin the financial management of surveys. Forward "Application for Employment" Cform PSC 367-401) available al Pail Office, Canada Manpower Centre and Officet of the Public Service Commillion of Io: Regional Office, Statistics Canada, Ninth Flaar Baker Contie, 10023 106 Streit, Edmonton, Alberto. TSJ 1C9 Pleose Quote Competition No. 73-STC-EDM-OP-l The to start air [reiehtitis: meat products Leihbridce's Kenvo n Fieid is Mpecfcd to be" the major disciiss'.on arfj. Mr. Jarokoski said Leth- bridge csrjd become the meat cer.tiv of Canada if (500 to 550 I: mds) 40 Dollar Value MONTRE.U CP1 V.S. dollar in terms of Canadian hoi! and bee; prvxluc'is couJd he i funds at noon today up Js at air freighted to rte Pacific Rim :si.w. Pound sterling up S-l'j ai REQUIRED SUPERINTENDENT OF SCHOOLS The Lcthbridge Public School Bocrd ;600 pucili' invites for ihe poiilion of Superintendent cf Sthecls aid Officer with duties to commence on or about January 1, Aorliconts should hove o minimum of ten yccrj Irnce as o and administrator, and ihould hove com- mencrd work on, or completed, the doclorol p-oaram wilh emphasis on educational Apolicants wilh full curriculum vitae and of refcrrrs orp ta be iubmined to ihe undenigned by not later than March 15. 1973. Dr. D. F. McPhenon, Chairman BigetowFowler Clinic 1605 9th Avenue South lethbridge, Albert a OPPORTUNITIES A limited number of registrations are being taken to fill de- mands of employment vacancies in the accounting profession. A second semester is offered in First Level FINANCIAL ACCOUNTING Also Business Mathematics, Managerial Statistics, Law, Information and Computer Systems. COMMENCING FEBRUARY 13, 1973 7o obtain application and further CERTIFIED GENERAL ACCOUNTANT'S ASSOCIATION OF ALBERTA No. 760 404 6th Avenue S.W. Calgary, Alberta Or Telephone: (403) 262-9222 APPLICATIONS MUST BE RECEIVED BY JANUARY 31, 1973 THIS COURSE IS A PREREQUISITE TO A FIVE YEAR GRADUATE PROGRAM AVAILABLE BY CORRESPONPENCF. ;