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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 3, 1973, Lethbridge, Alberta Prices on TSE sharply lower TORONTO (CP) Prices on the Toronto stock market moved sharply lower in moder- ate mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, fell .85 to 207.50 and western oils .60 to 212.87. Golds rose 3.02 to 304.89 and base metals .48 to 101.59. Volume by 11 a.m. was 000 shares compared with 000 at the same time Friday. Declines almost doubled ad- vances, 141 to 74, with 152 is- sues .unchanged. Communication, merchandis- ing, paper and forest and steel stocks were lower. General manufacturing, pipeline, food processing and oil refining is- sues were higher. Trading was resumed in shares of Lost River Mining and Pan Central Exploration. Lost River rose 10 cents to and Pen Central was unchanged at inco feQ to Occiden- tal Pete to Na-Churs to Texasgulf to and Bank of Nova Scotia to B.C. Telephone rose 1 to B.C. Forest to Alberta Gas to United Corps. B to and Imperial Oil to Livestock report CALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards showed sales of 650 head, mostly slaughter steers and cows. Trade was active in all classes. Slaughter steers made a good demand at steady prices. Heifers were scarce, selling steady. All grades of cows were sold steady with a few heavy good conditioned cows selling to 35. Preliminary slaughter fig- ures ending June 30: Alberrta beef hogs Canada beef hogs Steers, Al, A2: 44.25 to 44.50. A3: 43 to 44.25. Heifers, Al, A2: 41.50 to A3: 40.25 to 41.50. Cows, Dl, D2: 32.50 to 34.00. D3: 30.50 to 32.50. D4: 27 to 30.50. Bulls, good: 38 to 41. Most of the feeder cattle were steers more than 400 pounds. Good feeder steers 800 to pounds: 43 to 46. Good feeder heifers all weights: 40.50 to 46. No hogs were sold to ll a.m. United Mindamar gained 25 cents to Placer ft to and Pamour 20 cents to Gibraltar slipped to and Mattagami Vt to Ranger was off to Nu mac V4 to and Skye 15 cents to MONTREAL (CP) were lower in all sectors except banks in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with sharers at the same time Fri- day. Industrials dropped 1.01 to 229.46, papers .83 to 115.10, the composite .81 to 215.38 and utili- ties .48 to 146.29 while banks rose .06 to 248.49. On the Montreal Stock Ex- change, International Nickel de- clined 1% to Metropolitan Stores 1 to and Consolidated Bathurst to while Credit Fonder edvanced 1 to and Fakonbridge Nickel was up 1 to On the Canadian Stock Ex- change, Gold Hawk Mines ad- vanced 1% cents to 41 cents on shares traded. NEW YORK (AP) Stock market prices moved lower to- day in dull trading amid in- vestor concern over rising inter- est rates, tight money, and the Nixon administration's next stage in inflation controls. The Dow Jones noon average of 30 industrials was off 5.04 at 875.53. Declines led advances on the New York Stock Exchange three to two. Among Canadian issues on the New York exchange, Alcan was unchanged at Hiram Walker at and Canadian Marconi at Hudson Bay was up one to Seagrams to and Massey Ferguson to while Dome Mines dropped one to Mclntyre 1% to and Inco to Hog prices EDMONTON (CP) Ave- age prrices to 11 ajn. today provided by the Hog Producers Marketing Board. Edmonton: 45.75; average Friday 46.55. Red Deer: 47.00; average Friday 46.46. Calgary: 47.20; average Fri- day 46.11. Total hop sold to 11 ajn. 343. Total hogs sold Friday 265, average 46.32. Sows aver- age 36.65. Group seeks profit on buried gold BOSTON (AP) -Lee Bailey has confirmed that he is the at- torney for a group seeking to make a profit on 100 tons of gold buried in New Mexico and that he called John Mitchell, attorney-general of the United States about the matter last spring. John Dean, former White House counsel, brought up the subject during the Watergate bearings last Tuesday. Dean testified that he at- tended a luncheon meeting with Mitchell and H. R. Baldeman, then White House chief of staff. Dean quoted Mitchell as say- ing: "Bailey has a client who has an enormous amount of gold in his possession and would like to make an arrangement with the government whereby the gold could be turned over to the government without the client being prosecuted for hold- ing the gold." Bailey denied on Friday that he was trying to work out.a deal under which his clients would escape prosecution on federal statutes prohibiting the hoarding of gold. He said he called Mitchell be- cause he is "an experienced lawyer who knew his way around the White House." Mit- chell was in private practice at the time of the call, Bailey said. Bailey said the gold is in the form of bars and old Mexican, Spanish and Indian corns and artifacts. He estimated the gold to be worth about million. Grain prices Winnipeg grain WINNIPEG (CP) Oilseeds were sharply lower while other grains moved in a narrow range in active trade at mid- session today on the Winnipeg Commodity Exchange. Rapeseed was down the 20- cent limit in most months, while flax was 5% to 20 lower. Oats and barley were mixed, while rye registered small loss- es in all months. Friday's volume of trade was bushels of flax, 000 of rye and of rapeseed. Mid-session prices: Flax: July 20 tower Oct 5% lower 7.26A; Nov. 8% lower 7.07A; Dec. 11% lower 6.81A. Rapeseed Vancouver: Sept. 14 lower 6.45A; Nov. 20 lower Jan. 20 lower Rapeseed Thunder Bay: July 20 lower 6.10A; Oct. 20 lower 6.10A; Nov. 20 lower S.80A; Dec. 20 lower 5.51A. Oats: July IVt higher 1.43 %A; Oct. 1 lower Dec. higter L36% Barley: July Yt higher 2.08 Oct. lower Dec. unchanged 2.03B. Rye: July 1% tower Oct. 1 lower 2.32A; Dec. tow- er 2.33A. ORDER YOUR HOME REQUIREMENTS ROM ADVANCE LUMBER CO. ALUMINUM STORM DOORS 3 ttanoora sizts In slock SOPMH olio in door all ytar round. Complete with hardware: pnftuinoiic aoor door lofcn and wootnar sfnppin9. EACH ALUMINUM STORM WINDOWS Every order n to with screen and Mlf storing window. ROM I EACH FIBREGUSS AWNINGS As law as ADVANCE LUMBER CO. LTD. 2nd and 13th St. S. Photw 328-3301 "Your Pioneer lumber Dealer Since 1925" JMy 9, 1973 TH1 UTHMIDOI WM19 If Protein craving explodes world livestock population By H. J. MATOENBERG New York Times Service CHICAGO Much has been said of the world population explosion and the concomitant rise in the demand for protein. What is now becoming appar- ent is that the craving for pro- tein has resultedin an exploding world livestock population that is competing with the human Pipeline route A route for a natural gas pipeline from the Mac- kenzie Delta and the North Slope in Alaska has been agreed upon by the 26 participating firms in Canadian Arctic Gas Study Ltd. The proposal is for a 48-inch pipeline from Prudhoe Bay and the Mackenzie Delta south across the Northwest Territories into Alberta to a point near Caroline, 60 miles northwest of Calgary. Miscellaneous quotations Vancouver, Calgary, Montreal (Applied by Donerty, McCaaig Limited) WESTERN OILS LAST BID OR SALE (IT a.m. Quotes) 01 a.m. Quotes) (11 a.m. 7.75 All Cdfl. Ven. 3.81 7.75 Am. Or. Fund 5.16 5.66 13.3TO A.S.F. Swc. 6.50 Cdn. In. Fund 4.99 S.a 15.75 Col. Mutual 5.2S 5.76 47.87VS Com. Inter. 14.60 16.04 37.50 Com. irever. 3.71 4.08 18.2S Com. Vent. 7.02 7.71 41.00 Corp. In. _ 5.99 49.00 Albany Oils Alta East Gas Almlnex Asamera Ashland BP Canada Brenda Mints Can South Cdn Ex Gas Cdn Homestd Cdn tnd Gas Oil Cdn Long Is Cdn Super Charter Oils Chleflan Dome Pete Dynasty Port Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochie! Lytton Win Noble Mi.ies North Cdn Numac Pancan Pert Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Ratn Seibens Spooner Total Pete Ulster West Pete W. Decalta 1.15 7.3S 6.55 8.50 Cygnus' A Cygnus B Falcon Copper F and M Trust _._. Genstar 11.37% Home A 14.50 Home B 5.70 Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Rjussell 6.87% Husky Oil .20 Husky B Pfd 47.25 Husky D War XTO Husky E War 10.00 Hys of Canada 30.50- inter Prov Pipe 3.65 3.05 6.15 42.00 22.50 40.25 7.50 6.85 4.30 9.25 Com. Vent. Corp. In. Corp. In. Sk. Fd. J.33 Drey. Fd. U.S. 10.73 Gr. In. Shares 3.41 3.75 Gr. Equity 7-57 8.31 In. Gr. Fund 12.0213.15 In. Mutual 5.70 6.23 Mut. Ace. 5.84 6.43 Mutual Gr. Fd. 3.43 3.77 8.35 Inter Prov Steel 13.50 .26 Kaiser Res 2.85 Loblaw C Pfd 9.20 Maonasonics 28.00 Pacific Pete 8.7S Pacific Pete 2.10 P W Air 1.50 Pe-Beti Oilfield 1.01 Rainier Inc 7.15 Royal Trust 14.8714 Commerce Cap 13.09 Sandwell 12.50 Teledyne West Cdn Seed Westfield Min Wesfon A Pfd White Yukon 1.18 .21 .59 .40 2930 JJ-jJf 13.75 .95 5.50 5.25 PIPE LINE STOCKS MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC Sugar Block Bros Cdn Brew A Cdn Brew B 13.00 2.60 25.00 29.25 Atta qas A Alta Pfd Alta Nat Gas inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro A Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War Nat. Re. 300 N.W. Cdn. 2900 N.W. Gr. Princ. Gr. 24.37V, Royfund 24.37Vi Temp. Gr. 9.50 Un. Ace. Un. Sav. CALGARY Acrcll Barons Oil North Con. Western Warner VANCOUVER Mines Alton Atlas Ex. Bathurst Norse. Crcyden Dankoe Davenport Dally Varden Equitorial Res, Lornex Primer Pyramid Silver Stand. Valley Copper INDUSTRIALS 7.50 4.75 23.00 3.50 450 4.05 5.25 1.02 62.00 11.75 16.10 5.42 5.94 4.62 5.08 4.18 4.5? 6.47 6.73 8.52 9.31 4.B8 5.36 7.51 8.25 .46 .04% .02 .35 7.50 13.25 71.00 19.00 10.75 9.75 21.25 12.00 4.25 Cdn Pacific fnv 27.50 Cresfbrook Ind Crowsnest Ind 7JO 27.00 32.00 59.25 40.00 78.25 3.45 MUTUAL FUNDS ________ All Cdn. Com. 6.81 7.44 Pcnderay Ex. All Cdn. Div. 7.29 7.97 Stamp. Int'l Re. Col. Brewing Key industries Wardair OILS PRP Ex. Plains Pete .05 1.90 47VJ .28 .78 9.55 .11 .15 .80 9.25 3.00 X 2.15 1.1Z .18 1.00 1.34 Toronto mines, industrials (Svppfied By Richardson Securities of Canada) (11 a.m. Quotes) LAST BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) MINES Acme Advocate Asb. Akaitcho Aldona Bralorne Broulan Bethlehem BoviS Brunswick Can. N.W. Land Canada Tung. Cassiar Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dtctenson Mines Denison Mines Deer Horn D-Eldona Dome Mines Discovery Mines East Maiartic East Sullivan Falconbridge Frofcex First Giant Y.K. Granduc Hcllinser Hydra Ex. Iron Bay ISO toter Quebec Kerr Key Anacon LaTador Lake Share Larrais Silver Madsen R.L. WalarJfc C.F. Martin McNeel" Mac'ntyre .35 27.25 7.55 Pine Point placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Snerrirt Gordon Tek Corp. Texmont Upper Canada Western Mines W. House Cop. Wright Hargreaves MO Willroy 1.67 Windfall -21 Yellowknife Bear 3.4S Zenmac .13 INDUSTRIALS Mfdrim Intern Mooul No West Homes New Athona New Calumet Norenda NorJex 1.40 1.21 .35 .43 13.75 2.00 4.50 6.90 1.60 10.50 1.10 1.30 5.75 3.65 .18 1.19 6.80 3.95 32.25 Abitibi .07 Aican JO Algoma Steel 57.12% Afco Ind 1.10 Atlantic Sugar 4.15 Agra Ind ZST Ben Tel Brazil Trac 35 B.C. Tel .45 Bums 9.30 B.C. Forest 3.30 B.C. Sugar 47.nn BOW vai ind 33 Cable 3.50 CAE ind. 2.02 Cdn Brew .23% Chemcell 11.50 Ccl Cell .29% Caloary Power 45.50 Corbn Credit 3.05 .W.N. Gas .07 dn Ind 1.56 Cdn Marconi 1.02 Vtcfcers Chryser 48.W C.P.R. .22 Osrfnco .17% Cons Bath 12.00 Ons Gas 8.00 Dist Seagrams .17 Dom Bridge .25% 51.00 Da mTexHJe Oom Stores .24% Dofasco 4.V .iiVS 2.83 3.00 10-50 3LSO Glendale 28.00 Grt Cdn CHI 2.70 Gen Motors -i3Vi Grt Lakes Pp 1.51 Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Erie Imp Oil Imasca Int Nickel lot Pipe Inv GTD A Int Ufil Ind Accept Kaps Kelly Doug A Laurentide Lceb Loblaw A Met stores 29.12% Massey Ferg 1.50 11.62'A Moore Corp 6JO Mo'-sons A 9.87% Molsons B ftJO Nachurs 18.37% North p Cent 51.50 Power Corp 16.12% Rothmans 1630 St. Law Corp 1937% Simpson's 28.00 simo Sears 14.12% steel of Cda 9.87% Selkirk A 4.10 STexaco 4.05 Traders Grp A 4.75 Trans Mtn Pp 24.25 Trans Cda Pp 1.60 Union Carb Pfd 10.S7% Union GM 14.0D Union Oil 3.90 United Siscoe 14.25 Versatile Mfg 23.62% westeel 16.67% Weston's B 29.50 woodward's A 21.75 West Cdn Seed 15.67% Zenith Elec 10.12% 8.50 65.25 21.12% 34.00 19.25 4.40 SL2S 27 JO 40.25 29 JO 27.12% 24.75 8.75 23.62% 17.12% 7-12% 6.25 11.50 4.85 6.50 18.00 18.75 28.75 49.2S 26.00 25JO 9.75 13.75 13.00 17.37% 11.37% 30.P7% 14.37% 59 JO 15.75 20.12% 15.62% 14JO 6.37% 13.00 21.00 5.25 2.45 BANKS SO-STIS Imp 7JO Montreal Itoo Nova scotia 3003 Says! 26JO Tor-Dom Netc York stocks By Rkterftm Seevrftfes Aw. T Anaconda Beth, steel Chrysler Comsat Dopon Gen. Motare Gtffl irt. Har. Scars X-Ron Teras Gulf Co. TOx Corp. WOsTworm West. EUc. S1cei 92.75 21.00 17.75 31.75 32.75 31X0 20 Gelds TO 10 Base Met 101.29 vp .IS 15 W. Oils 211.28 Z19 Vctoroe S77.WD. Kaiser steel invests in coal mine OAKLAND, Calif. (AP) Kaiser Steel Corp. has made an additional million expan- sion in its Canadian coal min- ing subsidiary, Kaiser Re- sources Ltd., the parent com- pany says. A spokesman said here the investment was part of a "fi- nancial restructuring" of the Canadian firm and increases Kaiser Steel's holdings in it from 7.5 million to 14.2 million The million is being in- vested by the company's Japa- nese coal customers and is scheduled for completion by Aug. 31, the spokesman said. In addition, warrants will be issued this fall to company stockholders entitling them to buy an additional share at for each share already held, the spokesman said. Egg prices EDMONTON (CP) Weekly egg and poultry report issued by the federal agriculture de- partment: To producers: A large 57, A medium 55, A small 40; B40, CIO, cracks 25. To retailers: A large 68 to 69; A medium 66 to 67; A small 52 to 54. To consumers (in A large 75 to 79; A medium 69 to 75; A small 58 to SI.. Poultry: To producers: lave No. 1 chicken broilers 30, 6 and over, 5 and under 6, 30. Fowl under 4, 5 to 7. Tur- 12, 36; 12 to 18, 36; over 18, 35. Live No. 2 chicken and over 5 and under 6, 27; Turkey under 12, 33; 12 to 18, 33; over IB, 33. race for foodstuffs, particular, ly grains.and soybeans. As a result of this competi- tion, the United was moved to embargo tbeexp ort- ing of soybeans and cotton- seeds and their byproducts, meal and oil, last Wednesday. There is a growing belief that the embargo may soon be ex- panded to cover exports of corn as well. Not only are people tending to improve their diet all over the world, but so are the unprece- dented herds and flocks of cat- tle, hogs and poultry. The days when cattle lived on grass, bogs on garbage and poultry on whatever was at hand is over in this country and is beginning to pass into history in the rest of the world. Today, livestock in the Unit- ed States consumes far more grain and soybean products than humans do. About 80 per cent of the 5.4 billion ushels of com produced in the nation last year was fed directly to live- stock. Despite record crop produc- tion last year there will be per- haps 2 million more humans to feed, along with 4 million Sore nsad of cattle, a million or more hogs and countless millions of chickens. The biggest consumer of grains and soybean meal is the American steer. During its 14 to 16-month lifetime, the steer will eat an average of 650 pounds of corn, sorghums, oats and wheat and about 30 pounds of soybean meal each month. The old days when a steer could have an acre of range to itself are over. Land is too expensive. Range-fed animals take longer to mature, and their meat is tougher and stringier. Today each acre of a cattle feed lot is crammed wifti animals. Until recently, the United States was the only major livestock producer in the world using "confinement feeding." now such major livestock pro- ducers as Australia, Argentina ward tills method. According to U.S. cattlemen, the Soviet Union has become another recent convert to con- finement feeding of its estimat- ed 104 million head of cattle. The most dramatic livestock population explosions have been taking place outside the United States, among people who ae even more eager for meat in their diet. The United States agriculture department estimates that In- dia, with the world's larrgest cattle population, has 200 mil. lion head. But they ae con- sidered sacred by most of the people. Only a reriatively small numbe of cattle are safughter- ed by the Moslem minority. The United States is second with 122 million head of cat- tle, compared with 110 million four years ago. The Soviet Un- ion has increased its cattle herds to 104 million bead from 94 million in that period. Bra- zil is believed to have some 100 million head oC cattle. Australia has shown the biggest increase in the bat four years, to 28 million head from 20 million. Argentina expand- ed to 52 million head from 48 million, and New Zealand to 9.3 million head from 8.3 mil- lion. Even morr damatic is the fact that the new wealthy na- tions Jaapn and those in western Europe have only now begun to place beef on the tables of ordinary people regu- larly. In the Soviet Union and China, where livestock statis- tics are mere guesses, their combined population of morer than a billion people is also just beginning to consume beef to any extent, as far as the world protein market is con- cerned. U.S. banks increase lending rate NEW YOEK (AP) Large United States banks from coast to coast raised their prime lend- ing rates to eight per cent from 7% per cent Monday, respond- ing to anti-inflationary moves by the Federal Reserve System last Friday. The increases appeared to signal the eighth general hike in the rate this year and the sec- ond in less than two weeks. The prime is the minimum interest on loans to top corporate cus- tomers and increases tend to dampen spending by raising the cost of business loans. The prime, which has been climbing since early last year from 4% per cent, has gained two full points this year and is drawing close to its record high of 8% per cent, reached during the tight-money days of late 1969. TH E Workmen's Compensation Board ALBERTA CLAI ADVISORY OFFICER Montgomery Ward 14.03 24.25 El. 33 75 29.75 29.00 TORONTO AVERAGES 20 ind. 207.15 off -W Volume AVEKA6CS 30 875.97 4 .59 20 Rails 154.98 off .35 IS Utilities 100.74 off .19 Stocks off Fuel rationing awaits approval DALLAS (AP) A national program for compulsory ratio- ling of all motor fuels in the Dirtied States lacks only White Bouse approval, a government official is quoted as saying. The Dallas News says that Duke LJgon, director of the Of- fice of Oil and Gas of the inte- rior department, said tie plan calls for mandatory allocation of erode oil to refineries and of finished including down to the consumer 'Tin talking about everything from crude oil yon name The News quotes Ligon as saying. "Everybody wooW be unit I I I I I will be in LETHBRIDGE at the W.CB OFFICE 1277.3rd AVENUE SOUTH JULY 10-11 Should you desire an appointment to discuss a claim fill In coupon below and mail today or phone The Workmen's Compen- sation Board, lethbridge, 328-2040 NOW stating your claim number, the name of the employer at time of injury and the date of injury. Between visits to centres throughout the province, Mr. Long, Claims Advisory Officer, is in his Edmonton office for consultation. A Handbook for Workmen and Employers "Workmen's Com- pensation Benefits" is yours for the asking. CIA'MS ADVISORY OFFICER WORKMEN'S COMPENSATION BOARD P.O. BOX 2415, EDMONTON, AlBERTA I would like an appointment with Mr. long when he is in this area to discuss the following Name.................................... Phone........ Mail Address Town or City............................Claim No......... (Following information needed if Claim Number not available) Name of employer at time of injury........................... Date of injury......................19 Nature of injury. I I I I I ;