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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 4, 1973, Lethbridge, Alberta 20 THi LETHBftlDGI HCRALD Wednesday, July 4, 1973 TSE prices dip fractionally TORONTO (CP) Prices on the Toronto stock market moved fractionally lower' in light mid-morning trading to- day. The industrial index, consid- ered the major indicator of market trend, fell .15 to 206.82 and base metals .02 to 100.94. Golds rose -18 to 303.71 and western oils .49 to 211.14. Volume by 11 a.m. was 000 shares compared with 000 at the same time Tuesday. Declines outnumbered ad- vances 96 to 66 with 152 issues unchanged. Plans bill to protect farmers OTTAWA (CP) Con- servative House leader Gerald Baldwin says he will introduce in the Commons this week a private member's bill to protect farmers from bankruptcy pro- ceedings. Under the bill, farmers faced with foreclosure proceedings and eviction could arrange for orderly payment of debt, in some cases at reduced interest rates. Mr. Baldwin, the member for Peace River, said weather con- ditions have affected adversely crop returns on farms in this area of northern Alberta. As a result." many farmers have had to foreclose. Mr. Baldwin introduced a similar bill four years ago but it died on the Commons order paper. The bill would revive the old Farmer Creditor's arrangement Act which lapsed several years ago. Livestock Calgary livestock CALGAKY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards showed sales of head, mostly slaughter steers and heifers. Trade was active. Slaughter steers were sold steady with sales to 45.90. light- weight steers were discounted 90 cents to Heifers were sold fully steady to 50 cents iugber. Cows were steady with sales to 35. Good cows were scarce and bulls were steady. Steers, Al, A2: 45.25 to 45.50. A3: 43 to 44.25. Heifers, Al, A2: 41.50 to 43. A3: 40.25 to 41.25. Cows, Dl, D2: 33 to 34. D3: 81 to 32.75. IX: 27 to 30.50. Repalcement cattle were scarce. Steers weighing more than 800 pounds were selling steady. There were no stock calves on offer. Good feeder steers more than 800 pounds: 43 to 46.20. Hogs f.o.b. Calgary to 11 a.m. Aver- age base price: 45.85. Bank, construction and mate- rial, pipeline and oil refining stocks among sectors of the market recording decline. Beverage, chemical, industrial mining and trust and loan is- sues were higher. Finning Tractor fell M. to Steinberg's A to Robinson Little 30 cents to Bell Canada Vt to and Westcoast Transmission Vt to Canadian Vickers rose Vz to Conduits National 50 cents to Premier Cablevision to Molson A to and Brascan Ys to Rio Algom was off to United Mindamar 15 cents to and Steep Rock 12 cents to Sherritt Gordin gained to and Agnico-Eagle 10 cents to Decca gained 15 cents to and Alberta Eastern five cents to Canada Northwest slipped five cents to MONTREAL (CP) All sec- tors except papers declined 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 shares at the same time Tues- day. Banks declined 1.39 to 245.96, the composite .24 to 214.67, utili- ties .13 to 146.41 and industrials .12 to 228.74 while papers ad- vanced .22 to 116.06. On the Montreal Stock Ex- change, Credit Foncier dropped 1 to Multiple Access to Rio Algom Mines to and Zeller's to while Canadian Vickers rose to On the Canadian Stock Ex- change, Bateman Bay Mining was up one cent to 11 cents on shares traded. MARKETS CLOSED NEW YORK (AP) All stock exchanges and livestock markets in the U.S. are closed today to observe the Indepen- dence Day holiday. NYSE firms record big losses NEW YORK (AP) The Jtfew York Stock Exchange said Monday that 60 per cent of its member firms showed losses in May and the losses totalled million. Chairman James Needham said, however, that the May losses were million less than April. Aggregate losses of member firms for the first five months of 1973 were million, com- pared to a profit of million for the same period in 1972, he said. While there was no comment from the exchange, industry sources said the number of bro- kerage houses on the ex- change's early warning list of financially-troubled firms had dropped "somewhat" from the 68 the exchange reported last month. Petroleum corporation ruled out CALGARY (CP) The fed- eral government probably will not form a national petroleum corporation as long as foreign and domestic private interests are active in exploration, says Energy Minister Donald Mac- donald. Mr. Macdonald said in an in- terview companies are "en- thusiastic" in their search for petroleum in the Arctic and in the off shore areas along the east coast. But if this enthusi- asm diminishes, there may have to be a switch to public funds for development to con- tinue. But the energy minister pre- dicted a continued involvement by the private sector. Mr. Macdonald. in Calgary to get reaction to the govern- ment's energy analysis paper, said no attempts would be made to establish a national corporation until some form of energy policy has been adopt- ed. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dofaerty. McCuaig Limited) (11 a.m. Quotes) LAST BID OR SALE (II a.m. Quotes) WESTERN OILS AND MINES ind China steps up purchase of U.S. farm products WASHINGTON fAP The agriculture department says China is stepping up purchases of United States farm prod- ucts, including soybeans which are being rationed among for- eign buyers until a new crop is ready next fall. China bought U.S. wheat, corn and soybean oil last year, and there are indications it will take more grain from 1973 crops. The soybean sates were CAREERS YOUR FUTURES HERE THE SOUTHERN ALMRTA INSTITUTE Of TECHNOLOGY CALGARY ALBERTA ARCHITECTURAL DRAFTSMAN Draftsman to prepare sketches and working drawings of classroom furnishings, building renovations, maps, plans and floor areas. Also involves supervision of one junior draftsman and making of on-site inspections. Applicants should be graduates in Drafting or Architectural Technolo- gy with at least two years of related experience. Salary to per month. Competition number: 1310-C-7. Closes July 20, 1973. Informotion and application forms from: GOVERNMENT Of ALBERTA PERSONNa ADMINISTRATION OFFICE ROOM 1101, JOHN J. BOWLEN BUILDING 620 7th AVENUE S.W. CALGARY, ALBERTA T2P CALGARY AUXILIARY HOSPITAL NURSING HOME DISTRICT NO. 7 FOREMAN-BUILDINGS AND SERVICES District No. 7 requires on experienced foreman to supervise a preventotive maintenance program for district institutions and equipment. The successful candidate will direct the work efforts of o small staff. Mutt have o 3rd doss Stationary Engineers Certificate and have trade experience os a journeyman millright or equivalent. In addition the success- ful candidate should have high school or trade school edu- cation and have 3 to 5 years of supervisor experience. Special helpful knowledge will be in areas of building construction and maintenance, air conditioning, air handling, refrigeration, power distribution end experience in o preventotive maintenance program Solory -will be of interest to those making then Benefits ore very attractive Apply with complete resume to, or, in person ol. DISTRICT PERSONNEL OFFICE SUITE 200 140 1st S.Wtf CAIGARY. ALBERTA T 28 OA5 For further information Coll 261-3800 reported by the department to have occurred earlier this year. "The result was what China reportedly purchased at least tons about 1.8 million bushels of U.S. soybeans val- ued at million to mil- lion." the report says. "The first shipment of tons was made in late April, with the balance to be shipped over the next three to four months." Soybean exports soared dra matically in recent months, prompting the Nixon adminis- tration to clamp an embargo on further shipments until an allo- cation system could be worked out for the remainder of the current crop season which will end when the 1973 harvest be- gins after Sep. 1. Last calendar year, about 358 million worth of U.S. agricul- tural products were sold to China, mostly grain and soy- bean oil. In return, China sold about million worth of products to the U.S., mostly hog bristles, raw silk and spices. No gasoline shortage in Montana GREAT FALLS no gasoline shortage in Mon- J. J. Flaherty of Great Falls, honorary fife member of the Lethbridge Chamber of Commerce, said Tuesday. He was queried by The Herald after broadcast "reports that Montana was bit by the fuel shortage plaguing some other states. "The Canadian motorists in Montana will have DO more trouble getting gasoline than I had in Lethbridge and Fort Mackod pver your Canada Day holiday weekend." Mr Flaherty said. Albany Oils Alia East Gas Alminex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chieftan Dome Pete Dynasty Fort Reliance Gian tMasccr Granisle Gt Plains Gt Cdn Oil S Lochiel Lytfon Mln Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Spooner Total Pete Ulster West Pete W. Decalta Crowsnest Cygnus A 1.14 Cygnus B 7 25 Falcon Copper 6.35 F and M Trust 8.50 Genstar 11.25 Home A 14.50 Home B 5.65 Hud Bay Co 3.60 Hud Bay Oil 300 Hud Bay A Pfd 6.00 Hugh Rus Pfd Husky Oil .22 Husky B Pfd Husky D War Husky E War Hys of Canada Inter prov 2700 7.75 7.75 13.25 6.50 15.50 (11 a.m. Quotes) Ccn invest F .497 S.45 Col Mutual Cmnw Inter Cmnw Lev Cmnw Vent Corp Invest U53 15.97 3 67 4.03 3.47 3.77 5.96 6.54 Corp In St F 4.80 5.27 37.50 Dreyfus F U.S. 10.53 11.54 17.50 Great Pacific 4.50 4.92 40.50 Gr In Shares 46-00 Gr Equity 42.00 Invest Gr F 4725 400 10.25 3000 8.25 27 380 920 27.50 8.50 2.06 1.33 1.00 7.50 15.25 12.75 22.12V4 Invest Mutual 41.25 Mutual Ac 7.50 Mutual Gr F 865 N W Cdn 4.25 N W Gr 9.25 Principal Gr Inter Prov Steel 13.3716 Royfund Kaiser Res Loblaw C Pfd Magnasonics Pacific Pete Pe-Ben Oilfield Roya! Trust Commerce Cap Sandwell Teledyne West Cdn Seed Westfield Min 2.95 29.00 7.75 24.75 7.00 23.00 3.40 4.50 4.05 Temp Gr United Ac Universal Sav Ur.Ivest Vanguard CALGARY Acroll Barons Oils North Continental 3.39 3.73 746 8.19 17.01 13.13 569 622 5.80 6.33 334 368 538 5.91 4.52 4.91 4.14 4.55 6.41 6.67 852 9.31 4 81 5.29 7.46 8.19 5.70 4.27 5.95 6.52 12.62% Weston A 1 16 White Yukon .21 PIPE LINE STOCKS .59 Aita Gas A 13.2S .40 Alta Gas Pfd 71.00 28.75 Aita Nat Gas 19.00 15.75 Inland Nat Gas 10.87 14.00 N and C Gas 9.75 44 N and C B Pfd 21.37 6.70 Gaz Metro 4.25 Gat Metro A M.OO MISCELLANEOUS INDUSTRIES 5 62% Trans Can Pipe 5 30 Tr Can A Pfd Acres Ltd Aquitaine BC Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Tr Can B Pfd Tr Can P W 13.12Vi WC Trans 20.50 WC Trans War 5-12V2 Western Warner 1.05 VANCOUVER 62.00 MINES 11.75 Afton Atlas Explor 13.25 Bath Norse 71.00 Croyden 19.00 Dankoe TO.87% Davenport 9.75 Dolly Varden 21.3714 Equitorial Res 4.25 Lornex Primer Pyramid Silver Standard Valley Copper INDUSTRIALS .46 .02 .35 64.00 31.75 59.00 39.00 635 18.25 3.50 1500 MUTUAL FUNDS 2.70 All Cdn Com 6.75 7.35 25.00 AH Cdn Divid 29.15 All Cdn Vent 27.00 Amr Gr F Columbia Brew Key Indust Wardair OILS 7.22 7.89 Prp Explor 3.76 Plains Pete 5.08 5.5S Ponderay Explor 7.40 .46 .76 .05 1 .47 .28 17 9.75 .12 .13 81 9.35 2.90 .30 215 1 13 .19 .90 Crestbrook Ind 7.62% AGF Special 2.47 Stampede Intl Res 1.27 Toronto mines., industrials Inspects equipment Queen Elizabeth is shown above during a visit at the Canadian Forces base at Summerside P.E.I. The Queen inspected a variety of air rescue planes and equipment during her tour. SMMritfet Cntte) (11 a.m. Quotes) LAW BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) MINES Acme Advocate Aslx Akaitcho Bralorne Broulan Bethlehem Bovis BnmswicK Can. N.w. Land Canada Tung. Cassiar Central Pat. CNmo Ccn west Cons. Rambler Coin Lake Cochenocr Craigmont Dickenson Mines Mines Deer Horn Dome Mines Discovery Mines East Malartic Eas.t Sullivan Frcfcex First Wlarttimes Giant Y K. GranSuc HollirKjer Hudson Say Ex. Iron Bay .10 1.35 1.21 ZOS 13-75 2.05 4JO 6.80 1.60 10.50 1.10 127 6.4) 365 .18 1 15 6.80 3.90 35.00 07 51 4.20 740 tt.50 25 Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Rio Algom Sherritt Gordon Steep Rock Corp. Texriiont Upper Canada western Mines W. House Cop. Wright Hargreaves 1.00 Willroy l.W Windfall .20' Yelkwknift Bear 3.45 ac .12 INDUSTRIALS 15.75 1.70 4.20 .22 2.82 Z95 3.00 Ken- Key Anacon Lake Lanoss Silver Malartic G Martin Nlaclntyrt WwJrirn Intern Nu West Mon-.i Nw Athens Calumpt Ntranoa Dollar MONTREAL VS in terms of Canadian funds at noon today was up 1-25 j at 90.99 22-25. Pound sterling j down 33-100 at 7-20. I In New Yorfc, the Canadian t dollar dorcm 1-25 al 3-25 Pound sterling down 3-30 al j 13-30. j Worlw 325 2503 33 350 252 23 11 25 29 151 100 21 16 1175 100 17 26% 5075 550 25 23 AMtibi Alcan Algoma Steel Atco Int) Agra Ira) Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Ind Cable CAE InS Cdn Cnemcell Col Calgary Power Coron Crust C-W.N Gw PM C6n Ind Cdn Mertoni Odn Chrysler 10.50 Corninco Cons Bath CtmS Gat Diet Seagrams Ootri Bridge Oomtar Dom Dom Stores Dotasco Gtenflsle Gn Cdn Oil 31.62% Gen Motors Grt Lakes Pp 2.75 Gulf Oil Cda .13% Greyhound 1 53 Hawker Sid .35% Hiram Walker 27.00 HUT Erie Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Kelly Doug A Loeb Loblaw A Met Stores Massey Ferq 28.87% McMillan Bloc 17.25 Moore Corp Molsons A Molsons B Naclwrs North A Cent Powsr Corp Price Co. RotnTnsns St. Law Corp Shell CDA Simpsons 87% Simp steel ol Coa Selkirk A Ttxaco Traders Gn> ft Trans Pp Trans COt Pp 1412% Union Carb 3 90 Union Gas 15.25 Union Oil 23.75 United V-reatile Wg 29.37% Westpel 2150 Wesson's B 15 62% Woodward's A 38 West Cdn Seed 3500 Zenith Efec BANKS Cdn Imp Montreal Nova Royal Tor-Dom 9.75 41.50 5J.25 S0.75 16.50 19.00 7S.W 2425 1100 65.25 21.12% 34.12'A 19.00 4.40 52.12% 27.75 40.12'A 29.00 27.37% 25.90 8.75 23.75 17.25 7.25 H.37% 4.8S 18.12% U.75 28.87% 49.50 25.75 25.50 9.75 1025 13.75 13.09 20.00 17.371, H.75 11.25 3057% JO 7.75 14 00 3009 74.50 16.OT 2012% 31.75 1450 1309 2500 5 25 2-50 77.WV, MOO Grain prices WINNIPEG (CP) Rape- seed prices were slightly low- er in a moderate volume ol trade at mid-session on the Winnipeg Commodity Ex- change. Flax prices also declined slightly except m deferred De- cember futures, where small gains were made. Oats were up fractionally, barley stayed firm and rye posted small losses in duller trade Volume of trade Tuesday was bushels of flax, 000 of rapeseed and of rye. Mid-session prices: Flax: July 4 lower 7.95A; Oct. lower 7.35A; Nov. 2 lower 7.13A; Dec. 3 higher 6.94A. Rapeseed Vancouver: Sept. 1 lower Nov. 1% lower Jan. 2% lower March 5 lower 6.00B. Rapeseed Thunder Bay: Jury z tower 6.13A; Oct. 4 lower 6.10A; Nov. 2 lower 5.82A; Dec. 1 lower 5.50A. Grain quotes Tuesday (basis High Low Close Jly 799 78314 799 Oct 738 737% Nov 718% 695% 715 Dec 701 672% 691 Rapeseed Vancouver Sep 654% 629 WO-i. Nov 633 613 614% Jan 625 604% 606 Mar 616 602 605 Rapeseed Thunder Bay Jly 615% 611 614% Oct 619 601 605 Nov Dec 572 Oats Jly 145 Oct 140 Dec 138'i Barley Jly 209% Oct 307 Dec 204 Rye Jiv 236 Oct 238 Dec 238 551 142 137 223 226% 584 551 144% 139 135% 209% 237% 232% Imports Japan's survival By RICHARD HALLORAN New Ycffk Times Service TOKYO After years of mounting successful export drives, Japan is on the verge of adopting a major new import strategy intended to assure the nation of rerrliable souces of vital supplies. There is a widespread belief and a widespread misunder- standing that Japan must ex- port to live. This is only half true. The critical fact, is that Japan must import to live. Except for a few foodstuffs and raw materials, Japan1 eith- er does not have any or does not have enough of the essen- tial things she needs to feed her 104 million people, to supply raw materials to her vast in- dustrial complex or, indeed, to survive. The Nixon administration's announcement last week that export controls would be placed on soybeans, a staple of the Japanese diet, sent shock waves through Japan and most likely will intensify Japaenese efforts to find guaranteed sources of supply. An American official lere said that "this doesn't do our image as an assured sup- plier any good." Among the new measures be- ing considered that would guarantee supplies, according x> Japanese officials in the jowerful ministry of intema- :ional trade and industry, will be an acceleration of efforts to diversify the sources of these supplies; a massive increase in foreign investment in natural resources, and increased stock- piling of raw materials, food and fuel. Officials in the ministry of international trade and industry and in the foreign ministry, moreover, say that the govern- ment will seek political guar- antees from other nations and from the United States particularly assuring Japan of continued supplies. The new trade policy is still JB the formative stages. As out- lined in Tokyo, it is intended to 30 wen beyond Japanese efforts x> overcome political frictions, jedaBy with the United States, by reducing Japan's trade surpluses of recent years. The new policy does not mean that Japan's exports will faB. On TORONTO AVERAGES 30 Industrials 306.78 06 3D Grids 3MJ6 19 83 10 Base Metals 100.94 off 02 15 Western 00s 211.W up .73 Ml 000 EMPLOYMENT NOTICE The LETHBWDGE and DISTRICT EXHIBITION BOARD BE HIRING FOR THtt YEAR'S AT THE FOLLOWING TIMES FRIDAY, JULY 6th from 7 p.m. to 9 p.m. and SATURDAY, JULY 7th from 9 p.m. to 12 Noon in the EXHIBITION PAVILION WE KfQUIRi THE FOLLOWING STAFF CASHIERS AND TICKET TAKERS PARKING ATTENDANTS SECURITY PERSONNEL AND CLEANING PERSONNEL AU AmtCANTS MUST BE OVER 16 YEARS OF AGE ;