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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 19, 1972, Lethbridge, Alberta 20 THI UTHMIDOI HIUID J.rtu.ry If, in MM A West oil stocks record decline Livestock Gmin Price revkw TORONTO (CF) Western oil issues moved moderately lower while prices in must other major sectors of the Toronto stock market edged higher in active mid-morning trading today. The industrial index was up .25 to 195.88 and base metals to 88.03. Western oils were off 1.56 to 222.48 and golds .77 to 163.37. Volume by 11 a.m. was snares compared with at the same time Tuesday. Advances outnumbered de- clines 104 to 143 with 222 issues unchanged. Banking, food processing, oil refining, real estate, pipeline and industrial mining stocks moved moderately higher as 11 of the industrial index's 17 sub- groups posted gains. Beverage, steel, general man- ufacturing and chemical issues drifted fractionally lower. Cominco was up 1 to Toronto Star B to TransCanada PipeLines to Dynasty 30 cents to and Bank of Montreal to S20K. Bell Canada rose to Eastern Canada Savings to Fawceln AN EXTENSION TELEPHONE -WITHOUT CORDS-IS EX- PECTED TO BE AVAILABLE SOMETIME THIS YEAR. ITS BEIN5 DEVELOPED R3R USE INTHEBACKYARRAT CONSTRUCTION SITES OR ANYPLACE A REGULAR EXTENSION PHONE CAN'T BE BUSSED IN.., FOR SALE SAINFOIN SEED A or paitura Itgurnl thai not cauiB bloat, ilmilar to qlfolfa at ptr Ib. For moro information see your district agricultcriit or B. Von- dirvalk, Box 381, Fort Moc- ked. Phont 234-2114. Oshawa A K to Inco "A to Imperial Oil "A In and Point to Robinson Little dropped 2Vi to Falconbridge to Sherritt to ?14, Pan Ocean Vs to Tana Vt to and Denison V, to LIGHT TRADE MONTREAL (CP) Prices were up in light trading on the Montreal stock market today. On index, industrials rose .50 to 201.67, utilities .96 to 164.61, banks 1.27 to 250.64 and the composite .67 to 199.95. Papers dipped .02 to 84.41. Combined volume on the Montreal and Canadian stock exchanges at n a.m. was shares. International Paper rose to Cominco to J26V4 and TransCanada PipeLine to Falconbridge Nickel dipped 1 to and Texaco Canada Vi to PRICES SAC NEW YORK (AP) Stock market prices sagged today, ending a two-day rally. Trade was moderate. The Dow Jones average of 30 industrials at noon was down 6.77 at 910.45. In the previous two days the Dow had risen some 10% points. Declines outnumbered ad- vances on the New York Stock Exchange by 2 to 1. Among Canadian issues on the New York Stock Exchange Alcan dropped to and Dome Mints was off at Genstar Ltd. was up at On the American Stock ex- change, Canadian Javelin was off at Molybdenite Can- ada and Scurry Rainbow Oil were up Vi, at and respectively. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board. Edmonton: 25.BO, average Tuesday 25.40. Red Deer: 25.85, average Tuesday 24.55. Calgary: 25.70, a v e r a ge Tuesday, 25.53. Lethbridge: No sales, av- erage Tuesday 25.47. LtoydTninster: No sales, av- erage Tuesday 25.05. Grande Prairie: 25.55, aver- age Tuesday 25.05. Total bogs sold 806, average 25.40. Sows averaged 15.10. TWO CENTURIES OLD The head of the British gov- ernment became known as the prime minister in the 38th cen- tury. Independent Canada? Buying Canada back it not to be Talktd to death, but to Do lomtlhing about. Since you do lave anyway, why not do it with Mutual Fundi and kill two with slant. N.W. FINANCIAL FUND A PACKAGE OF CANADIAN EARNING POWER ______________MAIL TWS_CpUPON_NOW_ _ ___ ___ To: Dick Bateman, 609 10th SI. 5., Lethbridge. Ph. 327-5137 Yei, I'm in'eresied. You may call around to see me. NAME ADDRESS Phone report Lethbridge Livestock (Supplied by Department of Agriculture) On offer CD 11 a.m. 61 cattle Receipts mostly (Uugbter steers and heifers, trade K live. Good and choice butcher steers were meeting a yerj good demand at steady prices Good and choice butcher neif ers were meeting a good de- mand at steady rates. Ther insufficient numbers in othe classes to establish quotations Choice steers 34 to 34.60 good 33 to 33.75; medium M to 33. Choice heifers 31.50 to 32. Butcher hogs sold Tuesday a the Lethbridge yards 25.40 to 25.80 base price. Calgary livestock CALGARY (CP) Receipt on the Calgary livestock mar ket to 11 a.m. today were head; mostly good and chbic slaughter steers and heifer Trade was active. Slaughter steers sold ful steady to strong with Gales i 34.80. Heifers were steady Cows were generally 25 to cents lower. Bulls sold full steady, sales to 28. Choice steers 34 to 34.7 good 33 to 34, medium 32 to 33 Choice heifers 31.75 to 32.30 good 30.75 to 31.75, medium 29.50 to 30.75. Good cows 22.7 to 23.80, medium 21.50 to 22.7 canners and cutters 19.50 t 21.50. Good bulls 25 to 27.50. Replacement cattle w e r heavy, short keep steer weighing 950 pounds uy ant short keep heifers weighiii 750 pounds up and selling a steady prices. No stock calve were offered. Good feedei steers 900 pounds up 33.50 t 34.80. Good feeder heifers 79 pounds yp 31 to 32.70. Hogs average base prie 25.7P. Beef futures WINNIPEG (CP) Live bee futures close Tuesday. Jan. 36.50A; May 34.00B; July 32.85B Monday's volume: 10 con tracts. PAST, COMFORTABLE AIR CHARTER SERVICE Use our convenient., write-your-' own-schedule air Mrvice for routine or pleM- tjre trips, tudden unexpected] emefRMiciea, direct airline con- Modern, quiet, com- fortable Piper jiiplanw..single or twin-engine..flown by expert pilots. Quite often the time ind ex- peniet you HTC mean real mon- ey BRTingB. too. Next out-of- town trip let ui tike you in your own perionil To trip or for more tflih jwt phone: LETHBRIDGE AIR SERVICE LTD. P.O. Box 850 Hanger No. 7 Kinyon Field, Lethbridge Phont 337-1561 CORRECTION This item in last night's Herald should have read NORGLO ELECTRIC FIREPLACE A linking combination of old-faihioned charm and modem convenience. Designed in weight metal, with 1500-watt healing element. Natural-looking flrelogi act at a foparale unit providing glowing appeal. Automatic lafety cutoff ellminatei over-heating. Regular Price 119.95. SPECIAL..... 1602 3rd Ave. S. Ph. 327-5777 Winnipeg Grain WINNIPEG (CP) Flu three to five cents tower it midMMkm of the Winnipeg Grain Exchange as overseas buyers appeared to be backing off higher Canadian prices In favor of cheaper U.S. prices. Raceeeed bad some long li- quidation and local selling were Tactionally to two certs lower OD moderate trade. The rye market was steady in light trade with eiporteri absorbing commission house and hedge gelling, and barley and oats were also steady in a routine trade. Volume of trade Tuesday in- cluded bushels of flax, of rye and of Mid-secslon prices: Flax: May 4% lower 2.54; July 5 tower 2.5254; Oct. lower 2.58. Rapeheed Vancouver: Jan. not open; March lower June 2 lower 2.41KB; Sep. Vt lower Hapeieed Thunder Bay: May 2 lower 2.32: July 2tt lower 2.33; Oct. lower 2.3B. Oats: May unchanged July V, higher Oct. un- changed 65. Barley: May V, lower July Vt lower 1.08V4; Oct. un- changed 1.U8B. Rye: May higher July not open. Net earning! Canadian Homestead Oils Ltd. six months ended Nov. 30: 1971, 2.9 cents a share; 1970, four cents. Great Plains Development Co. of Canada Ltd., year ended Dec. 31: 1971, million, a share; 1970, WINNIPEG (CP) A Winni- peg-based manufacturer of po- lystyrene Insulating material for the building trades has been granted world production rights to z new plastic grain seed process developed by the Uni- versity of Manitoba. Aerofoam Chemicals L t d., wholly-owned subsidiary of Bor- der Chemical Co. Ltd., claims the process will enable farmers Toronto mines, Industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Ouoiesi a.m. Quoits) e.m. Quotes) MINE! .24 Acme Advocale Asb. Akaltcho Bralornl Broulan. Bethlehem Brunswick Canada Tung. Casslar Central Pal. Chlmo Conwest Coos. Rambler Coin Lake Cochenour Cralgmont Dickenson Mines Denlson Minn Deer Horn D'Eldoni Dome Mines Donalda Discovery Mines East ftWarlic East Sullivan Falconbrldga Frobex First Marlllmes Giant Y.K. Bovis Grand uc Headway R.L. Hollinger Oslsko Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherrlll Gordon 1.93 Steep Rock Tek Corp. Texmont Upper Canada Western Mines Wright Hargreaves Willroy Windfall Yellowknlle Bear Zenmac INDUSTRIAL! .30V2 Dolasco 2.05 .4B 2.25 .24 19.00 2.83 1.6! 1.23 135 l.ll .10 .23 1.35 1.26 7.60 2.10 5.15 B.50 40.00 Hudson Bay M-S 22.00 Hydra Ex. Iron Bay ISO Jolli! Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langit silver Madsen R.L. Malartlc G.F. Maclnlyre Mela Mldrlm Intern Mogul New Weil Home New Athona New calumet W. Horn Copper Noranda Nortngati Norlix .51 60.50 Ablllbli -07V] Alcan .71 Algoma Steel 1.45 Alco Ind 3.45 Allan Sugar M.50 Agra Indust Bell Tel Brazilian Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Valley CAE Ind Cdn Brew Chemcell Col cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indusl Canda S S Cdn Marconi Cdn Vickers chrylse CPR Cominco Cons Bath C.W.N. Oil -11 Disl Sea .27 Dom Bridge 2.26 Domlar 36.12'A Dom Textile 6.EO Dom Stores .JS Dome Pele 29. 27.75 .SB .11 1.35 .2B 16.25 14.75 1.5B 5.65 .55 .09 4.75 .08 .20 3.25 1.47 22 1.50 .20 39.50 2.60 .06 .67 .69 71.00 .12 .17 CAB Fd ol Amer Gl Cdn, Oil Gen Motors Gt Lakes Ppa Gull Oil Cda Greyhound Hawker Sid Huron, Erli Hiram Walk mperlal Oil msca nt Nickel nt Pipe Gp A nt Utilities ndusl Accept Laurentlde Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg 9.37K McMillan Bloa Moore Corp Molsons A 47.25 Molsons B Norm, cent Power Corp Prlct Co Rolhmans SI Law Corp 30.12V] Shell CDA 5.75 Simpsons Simp Sears Steel ot Can 3.20 Selkirk A 27.62'A Texaco 1.50 Traders Gp A Trans Mln Pp Trans Can Pp Union Gas Union oil Versatile Mtg Westeel Union Car Weston's B Woodward's A Wgst Cdn Sd 23.72H Zenllh Elec 33.mi IANKS 23.50 Can Imperial Montreal 23.75 Nova Scotia 15.62V? Royal Tor-Dom 7.75 20.00 19.75 66.00 23.25 11.25 15.00 4000 2.15 10.00 30.00 14.75 25.50 8.75 20.75 25.00 I6.37W 72.00 5.25 14.50 18.12'A 28.25 17.37'A 2.75 57.62V4 45.50 33.75 21-00 34.37'A 31.50 1.87'A 44.75 21.75 13.50 6.50 3.00 6.25 15.50 12.50 25.25 42.25 21.62Vi 21.50 15.25 6.B7'A 7.62 Vi 1B.12V2 20.50 38.TO 21CO 31.00 26.75 IP.M 38.00 17.25 39.50 14.75 47.00 4.10 1S.62V4 16.00 11.75 26.00 4.35 2M 20.25 3412'A 30.62'A 32.25 Process rights granted for plastic grain seed to earn more on each bushel of wed they sow. The plastic coating on the seeds, which allows fall and winter planting for earlier spring germination, is the result of several years of research by the department of plant science at Hie univenity. M. G. SmerchaoGki, president at Barter Chemkal, atys Aero- foam engineers have made "the Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roidionse and McCnalg) LAST BID OR SALE l.m. QU01K) l.m. a.m. ducllsl WESTERN OILS Almlnex All! East Gil Asamera Ashland BP Oil Gas Can South Cdn Ex Gas Cdn Homesld Cdn Home fit Cdn Ind Gas Oil Cdn Long Cdn Super Charier Chleflan Dome Pete Gt Pllim G! Cdn Oil Locnlel North Cdn Oil Numac Pan Cdn Pali Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Selbena Total Ulster West Decalla West pete Hud Bay Oil Fid 55.i2Vi Invest Mutual 6.20 Hugh Ruiiell 30.00 Mutual Ac 5.35 Husky Oil 17.50 Mutual Cr F 11.621A Husky Oil B 4250 Nat 14.12'A Husky Oil War 6.65 NW Fin 6.25 Inter Prov Pipe 14.75 "W Inter Prov Steel 9.I2V4 6r 4.35 2.90 3I.JO 4.00 4.90 4.40 12.00 6.55 3.75 Kaiser Res B.05 MGF Manage 17.50 Pacific Pile 10.25 Rainier .65 Teledym 41.00 Wesl Cdn Seed 5.00 While Yukon CALGARY Acroll Barnr, 011 flS Madison North Cent PIPELINE STOCKS li'iiu. Gas Tr L A 54.00 Alia Gas Tr L Hi 76 Alia Nat Gas 22.00 Inland Nat Gas 14.25 N and c Gas 15.25 N and C B Pfd 31.50 pacific Gas Trans 13.2.5 16.75 Gaz Melro 6.00 1.22 Gai Metro Pld A 67.50 9.25 7.10 1.76 7.40 n.n United Ac Universal sav ._ VANCOUVER MINES Anuk Arctic Mining Atlai Explor Bath Merit Osifo Brenda .12 Churchill Copper 5.71 0.24 1.15 S.41 5.95 7.19 7.14 4.71 SB 5.10 6.4B 5.00 6.01 5.11 4.4] S.19 5.7D t.ti 1.6! Dolly Vartton Dynasty Fort Rellanci Giant Mascot Granlsle Kamloopl Coppar Lorrwx Lytton Minerals Primer Pyramid Sliver Standard it .37 9.00 .14 MISCELLANEOUS INDUSTRIES Aquatalne Brlnco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnesr Ind Cygnus A Cygnus B Falcon Copper Genstar Home A Home B Hud Bay Co Hud Bay Oil 25.25 3100 37.75 26.75 27.00 65.0 Tr Cdn P 39.25 Tr Cdn P Pld B 41.37VS jrolan Tr Cdn P Pld A 74.00 valley Copper Tr Cdn P War 12.17'A we Res WC Trans 27.75 "L INDUSTRIALS WC War 9.40 Brm 3.50 MUTUAL FUNDS B.C. Sugar 20.12'A All Cdn Com fl.53 9.32 B.C Sugar Pfd All Cdn Dlvld 9.52 10.41 Cap! Infer 5.75 All Cdn Vent 3.75 4.05 Creslbrook F Ind 4.fjl Amr Gr F 6.51 7.15 Grower: B 3.65 AGF Special 3.23 Key Induil '.32 Cdn invest F 4.96 5.43 Hys 3.45 Col Mutual 6.41 7.05 Interior Brew 3.95 Cmnw Inter 13.9S 15.36 Inter Mariner .72 6.62'A Cmnvv 3i6i 357 okanagln Helleop 10.00 corp Invest 590 4.44 Pacific W Air 14.00 14.37'A Corp In SI F 5.W Stampede Int Res .97 34.25 Dreyfus F US. 12.lt 14 12 OILS. 33.75 Gr In Shawl 3.77 4.15 Albany Oil) .49 20.1214 Gr Equity 6.11 7.50 Plains Pell .31 44.40 Invest Gr F 11.t4 12.94 West Explor .14 New York stocks (Supplied By Richardson Secnritlei of Canada) Amr T and T 46.35 Sean 100.00 30 Soldi 142.47 off Anaconda 16.50 Sid Oil of N.J. 71.75 ID Base Met 17.10 oft .17 Beth Steel 29.75 Texas Gulf 114.75 IS W Oils 222.19 on 1.15 Cnrysler 29.75 Texas Co 34.17'A Volume Comsat 60.62W Wlckes Corp 47.50 NEW YORK AVERAGES Duponr 151.75 Woolworlh 30 Indusl 910.4S off 6.77 GM 84.12'A WHtlnghouse Elec 46.00 20 Rails 252.49 off 2.01 U'Sl al'a 1S Kenn Copper silJn TORONTO AVEIAOIt stocks, 317.M off J.37 Montgomery Ward 2B.15 20 Indust 195.77 up .14 Volume key breatihraigh" In ment of the proceN by ing the first prototype for mass production of Hzed seeds at low cut. He said the new eqJpment coats-and dries individual teedi at a rate of more fan loo bushels an hour. The company has applied for patenti and pects to have four to producUon at seed procuring plants In Western Canada ttu year. "We should have installation.- in most Canadian processing plants as well as in other coun- tries irithui the. next Mr. Smerchanski laid. The company will sell or its machines and collect a roy- alty for each bushel treated. In turn, the company will pay a royalty of five cents a bushel to the Crown corporation, Cana- dian Patents and DeYeJopment Ltd. The Dormant Peuetlied Seed process allows farmers to plant in the late fall or early winter to advance growth and harvesting time the following year. The action of defrosting cracks the plastic coating In the spring for early germination. SPEEDS GROWTH An experimental field of rape- seed planted with the coated seed in September, 1970, showed considerable advance growth over uncoated seed planted in the same field the following May. Another fall planting of coated wheat yielded 53.5 in acre compared with spring- planted bare wheat which yielded 35 bushels an acre. The result also indicated that fall- planted coated wheat could be harvested about two weeks ear- lier than spring wheat. Mr. Smerchanski said the company's new production equipment can coat wheat, rapeseed, barley and flax. said the low-cost production will "undoubtedly open up large areas of the northern Prairies as well as marginal acreage hi other parts of the world an fubject to early frost." The coating process will add about a bushel to the cost of seed, but Mr. SmercnjnsJd estimates the fanner will reap a bushel extra as a result of the higher yield and earlier har- vest. JANUARY CLEARANCE! I- FINAL 3 DAYS) FURTHER MARKDOWNS THROUGHOUT THE STORE WILL SAVE YOU MANY MEN'S DRESS SHIRTS Regular to 12.00 EACH 0.00 or 2 for 11.00 Regular to 9.00 EACH or 2 for 6.00 BALANCE OF WINTER JACKETS NOW REDUCED TO BERT MEN'S SUITS SPECIAL GROUP OF .MEN'S SUITS DOUBLE BREASTED MODELS Reg, to 110.00 NOW SHIPLEY Reg. to 110.00 NOW............. THOMAS HEATH by Society Brand to 130.00 NOW SAMUELSOHN Reg. to 160.00 NOW scorn JIM MEN'S SPORT COATS Regular to 105.00 CLEARING NOW FOR AS LOW AS 20 .00 MEN'S BLAZERS Regular to 110.00 CLEARING NOW FOR AS LOW AS 30" FURTHER REDUCTIONS ON TOPCOATS AND RAINCOATS HURRY FOR THESE GREAT SAVINGS! BARGAIN TABLE PANTS SCARVES HATS, Etc. Plus many unadvertised specials throughout the store. All Salti Cain and Final No rafundi or txchangti ALTERATIONS UTIA PLIAil ALLOW IXTHA TIME MEN'S WEAR LTD. 314 7th STREET t. PHONE 327-1212 ;