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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 20, 1972, Lethbridge, Alberta Jenuery 10, THE HUAID III quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCmlg Limited) LAST BID OR face death set for nri'aTits Industrie up; other (CP) Industrial lames edged fractionally higher nMle prices in most other major sectors of the Toronto stoc-.'t market moved lower for the second consecutive session in moderate mid-morning trading today. The gold index was down 1.00 to 161.26, base metals .92 to 86.45 and western oils .03 to 224.05. Industrials were up .06 to 195.21. Advances led declines 142 to 93 with 204 issues unchanged. Banking, beverage, food processing, merchandising, pipeline and steel issues moved higher. Chemical, industrial mining, paper and forest, utility stocks 's down communications stocks drifted moderately lower, Volume by 11 a.m. was shares, compared with at the same time Wednesday. Federal Grain was up Vi tn Sherritt to Texas Gulf Sulphur 'A to Atco Industries to and Imperial Oil to W. International Utilities rose to Canadian Imperial Bank Vt to Inco to Seagrams W to and Numac Vs to Alcan fell to Falcon-bridge to Tara 14 to Western Decalta 15 cents to Bell V. to and NorUigate 15 cents to OILS Hugh RusMll 50.51) Mul Accum 64 4.22 Almln.ll Huikf Oil I7.1SV4 Mut Gr ft S.4S Alto East 5.45 Husky OI B 47.SO Nat RM 7.19 Asam.ri 11.50 Husky Oil War 6.45 NW Finance 1.77 5.24 Ashland InUr Prov 14.37V4 NW Growlh SW 6.47 BP Oil Gil 6.20 Inter Prov Sleel B75 Prln Gr 4.ij (.97 C.n South KiW Res 4.25 RoylUnd 6.0! I.M Cdn Ex Gas 3.60 MGF Managa Tern Growlh 5.17 6.47 Cdn Homestd 8.7S Pacific Pelt 31-50 Un Accum 6.70 Cdn Home Pfd 1S.OO Rainier 3.I7V4 Unl Snvlnns '79 1.54 Cdn Ind Gas Oil Teledyne 5.00 VANCOUVER Crin Long Is .65 West Cdn Seed 4.25 MINES Cdn Super 43.75 White Yukon a 13.25 Anuk .30 Charter 5.00 CALOARY Arllc Wining .12 Chletlan Acroll .55 Atlas Explor .45 Dome Pelt 32.75 Barons Oil -05'A Bain Norsa 1.10 Gt PHIns 31.75 Madison .15 Brenda 5.50 Gt Cdn Oil 5.25 North Conl Church Copper 1.00 Lochlel 1.73 West Warne-- .Croyden .15 North Cdn Oil 5.10 UNI STOCKS Dankoe .65 Numac 15.50 Alta Gas Tr A 54.00 Dolly Vardtn .31 Pan Cdn Pele 16 Alia Gas Tr Pfd 76.50 Dynasty 7.30 Pan Ocean Alia Nat Gas 22.00 Forl Reliance 45 Petrol 1.40 In Nat Gas 14.25 Giant Mflscol 5.25 Pinnacle Nor and Cent Gas 15.25 Granule e.10 Place Gas 1.17 Nor and Cent B 31.50 Kam Copper .07 Ponder .72 Pac Gas Trans 13.25 Lornex 1.50 Ranger 15.00 Melro 6.37'A Lyllon Mln 1.59 Scurry Rain Gaz Me ro A W.1J.I4 Pyramid .35 Soooner 1.21 Trans-Cda Pipe 39.75 Sliver Stan 1.39 Selbens 9.20 Trans-Cda Pipe B 41.37'A Texmonl .55 Total 7.10 Pip! A Trolan -35 Ulsler 1-75 Trans-Cda P War 12.62'A Valley Copper 8.90 West Decalla 7.13 West Trans 27.62'A West Resources .08 West Pete H-tt Westcoast Wls 9.75 INDUSTRIALS MISCELLANEOUS MUTUAL FUNDS Block Broltltrs 3.40 INDUSTRIES All Cdn Com 1.54 9.33 B.C. Sugar 20.12'A Aquataine 25.2S All Cdn Dlv 9.53 10.42 B.C. Sugar Pld 15.75 Brinco 5.87'A All Cdn Vent 3.75 4.09 Inler S.B7V4 Cdn Brew A 32.00 Amer Gr Fund 6.52 7.16 Crest For Ind 4.00 Cdn Brew B 37.75 AGF Spec at 3.25 Grower's "B" 3.65 Cdn Pacific Inv 7.6.75 Cdn In Fund 4.96 5.44 Key Itidusl .34 Crowsnest Ind 27 00 Coll Mutual 6.43 7 06 Hys 3.45 Cygnus A 6.37H Comm Inter 13.95 15.33 Inler Brew 3.95 Cvonus B 6.25 Comm Lever 3.61 3.97 Inter Mariner .70 Falcon Copper 9.90 Corp Invest S.H 6.43 Ok Helicopter 7.1JVS Genstar 14.25 Corp In SI Fd 5.07 5.54 Pec Wesl Air 13.I7V4 Home A 34.25 Drey FJ U.S. 12.B2 14.0! Slam Inl'l Res .93 Home B 33 25 Gr In Shares 3.76 4.14 OILS Hud Bay Co !0.12'A Gr Eqully S.64 7.51 Alhany Oils .46 Hud Bay Oil 4450 In Gr Fund 11-86 12 97 Plains Pele .32 Hud Bay Oil Pfd 54.50 In Mulua 5.74 6.28 Wesl Explor .14 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotas) MINES Norlhgola 6.60 Dom Stores 16.00 Acme Norlex .25'A Dome Pele 3J.25 Advocate Asb. 3.05 Oslsko -30% Dofasco 25.00 Akaltcho .46 Pine Point 79.00 CAB 1625 trolr I3a "3 G cW US Ou'eWC '.IIM gf" tea1" Brunswick 2.74 Rayrock 1.35 "ft Lakes P Bp 17.75 Canada Tung. 1.72 .26 gulf O Cda On Casslar 19.25 Rio Algom 16.25 17.00 Central pat. 1-90 Roman Corp. 6.65 "J Chimo 1.23 Sherrllt Gordon 14-37'A JI'so Conwest 1.70 silver Mil er .OSV4 I oil 34 M Cons. Rambler 1.76 steep Rock 2.51 aSa Coin Lake .1! Tek Corp. 5-5? Nickel 34.50 Cochenour .30 Texmonl -55 )nr Craigmont fl.35 Upper Canada 1 77 (nv gp Dlckenson Mines 1.15 Western Mines 2.96 jnt utilities 44.87'A Demson Mines 27.25 Wright Hargreaves 1.16 indust Accept 22.00 Deer Horn .04 WHIroy -77 Laurenllde 12.B7Va D'Eldona .51 Windfall -09 Kelly Doug A Livestock AFTERNOON SALE Calqary livestock CALGARY (CP) Receipts at the Calgary public livestock market to 11 a.m., about head; mainly slaughter steers and cows. Trade was active. Slaughter steers were steady with sales to 34.70; heifers were steady with no strictly choice kinds on offer; cows were fully steady with sales to 24.20 and bulls were steady. Choice slaughter steers 34 to 34.60, good 33 to 34, medium 32 to 33. Good to low choice heifers 30.75 to 32, medium. 29.50 to 30.75. Good cows 23 to 24, medium 22 to 23, canners and cutters 19.50 to 22. Good bulls 25.50 to 27.50. Replacement cattle were mostly short-keep steers weighing more than 950 pounds and feeder heifers more than 750 pounds and selling steady. No stock calves were offered. Good feeder steers more than 750 pounds 34 to 36.10. Good feeder heifers more than 650 pounds 31 to 32. Hogs base price 26.35. Lambs were Jl higher Wednesday with good kinds Pakistan (AP) Pakistani businessmen who do not declare their foreign assets could face the death penalty, Finance Minister Mubashir Hassan warned today. He told reporters that response had been poor to a government order to businessmen to give an account of ineir foreign assets by last Saturday. "We are extremely said Mubashir. "No decision has been made yet, but we are considering the death penalty for businessmen who do not complete their returns." He reported declarations totalling 120 million repuees, or nearly million at the official rate. But he said this included bonuses, for returning foreign exchange, bringing the total down to about million. The finance ministry says nearly million worth of foreign assets was declared in 1969. President Zulfikar Ali Bhutto has charged that at least million has been secreted abroad by Pakistanis. "Traitors will not be allowed to go unpunished, and subversion of the Pakistan economy shall not be Mabu-shir 11 OTTAWA (CP) Canada chalked up its llth successive commoHiiy trade surplus last year, and it was the second highest on billion. Statistics Canada reported here that ran to S17.B5 billion last year, UD 5.5 per cent from 1970, while imporls totalled 515.0 billion, up 11.0 per cent. The figures are preliminary estimates, subject to more de tailed calculations to be made later. Canada has had a surplus in commodity trade since 1961. when it amounted to million. It rose to billion in 1968, and to a 'record billion in 1970. That was an unusual year for Canadian trade, when exports expanded rapidly to Europe while imports, principally from the U.S. showed little growth. Last year was more normal. Total imports from the U.S. last year were 510.95 billion, up 10.4 per cent for the vear from billion in 1970. Exports to the U.S. rose by the same percentage to billion from billion. Next to the U.S. the United Kingdom continued as Canada's biggest customer, buying billion worth of goods in 1571, down 8.3 per cent from S1.4R billion in 1970. The six counties of the European Common Market France, Italy, West Germany, Netherlands, Bel-glum and ranked third, buying billion, down 8.6 per cent from 1970's billion. Next to the U.S., Canada's biggest supplier was the Common Market, supplying million, up 16.1 per cent from million in 1970. Purchases from the U.K. ran to million last year, up 12.6 per cent from S738.3 million in OTTAWA (CP) The em ployment support board hag se a Jan. 31 deadline for applies lions for grants relating to the new-ended 10-per-eent United States special duty on imports. Jean-Luc Pepin, industry trade and commerce minister said all applications must be forwarded to the board on or before that dale. The seven-man board was es tablished in October to courier the special duty which took effect Aug. 16 and was removec Dec. 20. It was designed to assist employers to maintain workers on staff despite lower sales resulting from the duty which made some Canadian products more expensive on the American market. The board was founded with million for the current fisca year. But Mr. Pepin said when the board has ruled on all appli cations the total grants is ex pected to be substantially below that figure. To date applications have been received involving about jobs directly affected by the duty. The baard has approved 286 applications invov-ing jobs and totalling R7 million. Grain prices Winnipeg Grain WINNIPEG (CP) Flax ind rapeseer1 continued to post gains at mid-session on the Winnipeg Grain Exchange today, with flax advancing as much as six cents as light offerings were met by good exporter buying. Rapeseed advanced as much as two cents in some futures in moderate trade, encountering light offerings on the way up. Other commodities fluctuated fractionally in light trade. Volume of trade Wednesday was bushels of Vancouver rapeseed, of Thunder Bay rapeseed, of flax and of rye. Mid-session prices: Flax: May 6 higher July 5 higher Oct. higher Rapeseed Vancouver: Jan. 1% higher 2.44V4A; March 1% higher 2.4514B; June Vk higher Sep. 3A higher 2.45HB. Rapeseed Thunder Bay: May 2 higher July 3Vt higher 2.36A; Oct. not open. Oils: May tower 68A; July lower Oct. unchanged 65KB. Barley: May ife lower LOW; July unchanged 1.08B; Oct. not open. Rye: May higher 99V4B; July unchanged 99. Grain quotes Wednesday (basis High Low Close Flu May 256 252% 253 >4 Jly 253% 251 Vl 251% Oct 256% 255 255 Ripesecd Vancouver Jan 242% 240% Mar 24H4 2441s Jun 24354 243 Sept 245 244% 244% Ripesced Thunder Bay May 233 232% Jly 232% TCP) Prices were steady in Jight trading on the Montreal stock market today. On index, industrials rose .28 to 201.23, utilities .43 to 164.01 and the composite .27 to 199.39. Banks dipped .19 to 249.34 and papers .16 to 84.26. Combined volume on the Montreal and Canadian stock exchanges at lla.m. was shares, compared with at the same time Wednesday. Gains on the Montreal exchange included Rothmans, Fal. conbridge Nickel, Cominco, Dis-tillers Corp.-Seagrams and Credit Foncier, up each to and respectively. Alcan dipped to and Labatt to 23tf. On the Canadian exchange, Atlantic Tungsten rose 9% cents to 28 cents on 44.500 shares. NEW YORK (AP) Stock market prices held to modest gams today in moderate trading but showed little inclination to advance. Analysts said the market was anticipating possible favorable comments from President Nixon when he gives his State of the Union message today. Among Canadian issues on the New York Stock Exchange, Alcan fell to Canadian Pacific Vi at and Walker-Gooderham at On the American Stock Exchange, Canadian Javelin rose to and Brascan Ltd. Vi to revenues increase EDMONTON (CP) Revenue from petroleum and natural gas rights increased to million in the last quarter of 1971 compared with million in the corresponding period of 1970, the Alberta government reported today. Rwenue from the sale of crown reserves dropped to million from million in the last quarter of the previous year, but income from rentals of petroleum and natural gas rights totalled million against million. Royalty on oil, gas and gas products was million against in the last quarter of company charged MONTREAL (CP) The Montreal brokerage firm of Holland, Andrews, Perrier and Co. Ltd. has been charged with infractions of Canadian Stock Exchange rules following completion of an investigation Charles Neapole, e x change presi dent, said Wednesday night, Mr. Neapole, also president of the Montreal Stock Exchange, said in an interview that the company had been notified of the charges by letter. Details of the charges have-not been disclosed publicly and no date has been set for a hearing which will be held at a private meeting of the CEE management board. The investigation start e d Nov. 16 when Harry Andrews, president of Holland, Andrews, was removed as chairman of the links bank branches TORONTO (CP) A computer system, Unking all Bank of Montreal branches but those in isolated areas, should be completed by the target date of 1974, bank president J. Leonard Walker said Wednesday. Installation started two years ago. Mr. Walker told the Toronto Society of Security Analysts the system, which will centralize all the bank's bookkeeping, would be the first of its kind in Canada. In addition to releasing staff from routine tasks, he said, Hie system would provide fast information for decision-making and give management a better and more current picture of the bank's assets and liabilities. .07 zenmac -OB Loblaw A 6.I1V4 Discovery Mlnrs .65 INDUSTRIALS Metro Stores 17.75 East Malarlk 1.40 Altlbl 7.50 Massey Ferg 12.62'A East Sullivan 3.40 Alcan 11.75 McMillan Bloc 25.00 Falconbrldge 89.00 Aloma Sleel 13.62'A Moore Corp 42.25 Frobex Atco Ind 10.50 Molsons A ll.llli First Maritime! .60 Allan Sugar 7.00 Molsons B 21.00 Giant Y.K. 7.60 Agra Ind 9.37V, North, Cent 15.12'A Bovis 205 Bell Tel 47.50 Power Corp 6.75 Granduc 530 Brail Trie 19.87Vi Price Co 7.50 Heldwsv H L 1 00 B C Tel 66.00 Rolhmans 18.50 Burns ".M sr Law Corp 20.50 u i n a.v M 5 BC Forest 23.37'A Shell CDA 37.75 Sinn, F, m BC Sugar 20.00 Simpson's 23.75 Kay'' Quebec 3 5S8 fSK SS Kerr Addlson 1.30 3.20 Traders Gp A 17.50 Key Anacon .20 p j7ij7vj Trlni Hm pp Labrador 39.50 c Tran, can Pp 39.62'A Lake shore 2.60 CWN GM 12.121A Union Gas 14.62'A Langli silver .04 can' 15.12'A Union oil 47.00 Madsen R.L. 70 Canada 5 S 40.00 Versallli Mfg 4.15 Malarlk G F. .68 cdn 3.10 Wesleel Martin McNeely .07 cdn vlckers 10.00 Union Car 15.50 Maclnlyre 7B.OO Chrysler 29.75 Weslon's B 17.75 Mela .12 CPR 14.62VI Woodward's A 26.00 Mldrim .18 Comlnco 26.12'A West Cdn Sd 4.40 Intern Mogul 10.25 cons Bath 9.00 Zenllh 5.70 New Wesl 8.M1A Cons Gas 20.62W BANKS New Alhona .IIV1 c.W.N. Gas 22.87'A can Imperial 26.75 57 Dlsl S" 33.00 Montreal 20.25 New celumet .ti a J4 m Nov, ScoM, W. Horse Copper 2.21 oomur 12.75 Royal 30.75 Noranda 36.35 Dom Text! e 73.75 Tor-Dom 32.25 New York stocks (Supplied B; Richardson Securities nt Canada) Amr T and T 4675 Sears 99.00 30 Golds 160.49 otf 1.77 Anaconda 16.75 Std Oil ot N.J 77.50 10 Base Mel B4.63 otf .74 Beth Slael 29.62IA Texas Gull 117.00 15 West Oils 223.19 off .19 Chrysler 30.00 Texas Co 35.50 Volume Comsat 62.00 Wicks Corp 48.50 -w vn.v .UBBAAPC Duponl 152.00 Woolworlh 43.00 NEW AVERAOES Gen Motors 84.00 West Elec 45.75 30 Ind 916.77 vp 1-81 Gulf 77.2! U.S. Steel 31.25 20 Rails 254.71 up -24 TORONTO AVERAGE, Mon" ward 28.00 20 Ind 195.31 up .16 Volume GRAIN The ancient Egyptians tamed the cat to protect their stores of etna stems 1003 4th Avtnue S., T.l.phont 328-4426 oData is site for conference of journalists MONTREAL (OP) futures WINNIPEG (CP) Live beef futures close Wedneday. Jan 36.50A; Mar 34.87; May 34.25B; July 32.85B. Tuesday's volume: 16 blame fixed in jail death EDMONTON (CP) A coroner's jury attached no blame in the death of Virginia Red-crow, 19, of Hobbema who was found strangled in an RCMP cellblock in Wetaskiwin Sept. 10, 1971. The jury was told that the woman approached a police cruiser in Wetaskiwin and asked to be taken to Jail. Once at the police station, however, she became belligerent and police had difficulty putting her into a cell. Twenty minuLes later, she was found with a blouse knotted around her neck. Meanwhile, another coroner's Jury ruled that Wetaskiwin RCMP were following normal procedure when a car they were pursuing crashed near Wetaskiwin. Two occupants of the car, Robert Boysis, 41, and Joseph Percy Thorn, 21, both of Hobbema. died of injuries received in the accident. The inquest was told the car was being pursued in connection with an auto theft and three armed robberies in of journalists, will be held in Ottawa March 10-12 with workshops and plenary sessions dedicated to discussion of the public's "right to know." Dick MacDonald, editor of Content, a magazine for journalists, and member of the steering committee for Media 72, said attendance this year is expected to top last year's registration of more than 300 persons. Translation facilities will be provided to encourage representation from all parts of Canada. Mini-seminars are to be devoted to photo journalism, editorial writing, sports reporting, the police beat, business writing and interviewing techniques. Resolutions originating 1 n workshops or from individuals will be voted on at the final plenary session March 12. Advance registration fee is S10 and further infomation may be obtained by writing Media 72, 2082 Clark St., Montreal ANNOUNCEMENT! Because of our high volume and special arrongemenH with Ford Meter Credit Co. Superior Melon it able to offer Financing en new can and trucks and used units up to three years old at a special low rate ef This Is lower than Bank Rates. We can save you as much as in interest charges from what you might pay elsewhere. Let us show you what we can Oats May KVa 68% Jly 68% 68% M% Oct 65% Barley May 108 108V4 Jly 108 Oct 108 Rye May 99% 985J 99% Jly 99 98% pas CRANBROOK (Special) In a confused 1971 in the Koote-nsy woods industry, the sawlog scale for East and West Koot-enay, as tallied by B.C. Forest Service, still managed to top the previous 1970 tally December's cubic feet brought the total for 1971 to cubic feet, compared to feet in 1970. During the first half of the year the tally lagged consistently behind the previous year but demand and price stabilized in mid summer for slow, steady gains. Lineally scaled minor forest products showed liltle activity in December in the Kootenays, with poles and piles comparatively only token at feet and fence posts 469 THE BEST SELECTION OF CLEAN USED CARS and TRUCKS DEPENDABLE USED FNEWIl By Gene acres to be taken for recreation CRANBROOK (Special) City council has instructed its clerk to prepare a bylaw expropriating 6.5 acres of the former Bishop Doyle property for its expanding recreation requirements. The undeveloped acreage Is owned by Baker Developments Ud. The mayor is a minority shareholder and agent. Under the municipal act expropriation is permissible with future determination of price if the land is needed for public JOINING THE BIADELESS TRIMMER, REPORTED HERE AFEW MONTHS ASO, IS THE BLADELESS LAWN MOWER. AS WITH THE SMALL VERSKM, A ROTATING LENGTH OF HEAVY NYLON THREAD SPUN AT RPM BY AN ELECTRIC MOTOR DOES THE CUTTING... fyll ..MTHfTHKBW totems owatrvLLto one year for forgery CALGARY (CP) Accountant Frank 0. Carriere, 48, was sentenced to one year in jail after he was convicted in Alberta Supreme Court on two charges of uttering forgery. Mr. JusUce A. J. Cullen was told the man forged two T-4 slips and went with other men on separate occasions to an income tax agency which made cash advances of and on the basis of the slips. Carriere shared the money with the men he took to the offices as customers, the court was told, and also received between and from the income tax company as a commission for bringing in the Marquis Decor TWO DOOR HARDTOP Ivy Glamour paint, 429 V8 engine, tilt wheel, rear defog-ger, dual speakers, ow mileage yHOf Meteor RIDEAU 500 Pastel blue vinyl 1iim, vinyl roof, automatic, power steering and brakes, 351 V8, mileag. FORD LTD FOUR DOOR 400 engine, air conditioning, power steering and brakes, dark blue with tlljlQC while vinyl roof relatives KINGSVILLE, Tex. (AP) -Juanila Cruz Bazan died in a hospital Wednesday, leaving 402 descendants. She was 94. A native of Mexico, Mrs. Bazan lived 60 years in Kingsville. She s survived by four sons, three daughters, 66 grandchildren, 224 great-grandchildren and 105 groat-great By THE CANADIAN PRESS Rank of Montreal. 20 cents March 1, record Jan. 31. Ford Motor Co., 65 cents (U.S.) March 1, record Jan. 31. Johnson "nil Johnson Ltd.. 10 cents (plus extra of March 13, record Feb. 25. Metropolitan Stores of Canada Ltd., 10 cents Feb. 21, record Jan. 31. Royal Tmsl Co., 30 cents Feb. 10, record Jan. Merc. Cyclone TWO DOOR HARDTOP 429 4V engine, grabber blue Ford Custom 2 DOOR HARDTOP 302 engine, automatic Buick IE SABRE CUSTOM 4541, FOUR DOOR HARDTOP Power I I e e r i n g, bralcoi window! VAN TO VISIT prices EDMONTON (CP) Average prices to 11 a.m. provided jy the Alberta Hog Producers Marketing Board: Edmonton: 26.45, average Wednesday 25.875. Red Doer: 26.45, average Wednesday 25.00. Calgary: 26.35, average Wednesday 25.92. Lelhbridge: No sales, average Wednesday 25.87. Lloyrlmlnster: No snlcs, average Wednesday 25.55. Grande Prairie: No sales, average Wednesday 23.55. Total hogs sold 825, average 25.87. Sows averaged Minister Moshe Dayan will visit the United States early next month, a military spokesman announced Thursday. During his fund-raising visit on behalf of the United Jewish Appeal, Dayan will hold talks in Washington with State Secretary William Rogers and other officials, the spokesman Olds Cutlass TWO DOOR HARDTOP New tiras and medium blue, power iteer- tOlCA ing and brake! Ford LTD FOUR DOOR HARDTOP Medium blue metallic, vinyl roof, 390 engine, power sleer-na and brakes. (tike new) 1 03V Mustang Medium green, 39C< engine, 4 spcad transmission MEN'S WEAR MANAGER Must be ambitious, with good selling and buying background. Excellent opportunity with profit shoring benefits in established men's wear. Send full resume of background toi Box H-270 Calgary OETTHiOM SUPERIOR MOTORS DEAL Corner 54 St. and 48 Ave. TABER Phone JOURNEYMAN ELECTRICIAN INTERESTED IN OPERATING HIS OWN BUSINESS Please Call 327-8274 ;