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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 5, 1973, Lethbridge, Alberta Thvnday, July 5, If79 THf UTHMHXM MRAlO Fractional losses recorded on TSE TORONTO (CP) Prices on to Algoma Steel to the Toronto stock market moved fractionally lower in moderate mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, fell .25 to 206.33, golds 1.05 "to 304.21 and base metals .09 to 100.54. Western oils rose .30 to 211.37. Volume by 11 a.m. was 000 shares compared with 000 at the same time Wednes- day. Declines outnumbered ad- vances 114 to 81 with 157 issues unchanged. Trust and loan, industrial mining( merchandising and pipeline stocks were among sec- tors of the market recording de- clines while beverage, general manufacturing, steel and oil re- fining issues were higher. Rapid Data fell to Peoples Department Stores to Royal Bank to Texasgulf to and E-L Financial to National Sea Products A rose Livestock report CALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyard shows sales of head, mostly slaughter steers and heifers. Trade was active with a broad demand for all classes. Salugbter steers sold steady with sales to 46. Lightweight over-finished steers sold under pressure being discounted or more. Heifers sold steady for qualify. Cows sold steady and bulls tower. Steers Al and 2 44.50 to 45.90, A3 42 to 43.24. Heifers Al and 2 41.50 to 42.50, A3 40.25 to 41.25. Cows Dl and 2 33 to 34, D3 31 to 32.75, IX 27 to 30.50. Replacement cattle were mostly short keep steers in the 850 to pound weight range and heifers weighing 650 pounds and up selling at steady prices. There were no stock calves on offer. Good feeder steers over 800 pounds 43 to 46.50. Good feeder heifers over 600 pounds 40 to 44. Hogs f.o.b. Calgary to 11 a.m. average base price 46.20. A few lambs sold Wednesday at 36.50. The hours of trading at the Calgary public livestock mar- ket druing Stampede Week are Monday, July 6 from 8 a.m. to 10 a.m. and Tuesday to Fri- day inclusive from 9 a.m. to l p.m. Walker-Gooderham to Thomson Newspapers to and MacMUlan Blcedel V4 to McMyre slipped to Giant Mascot five cents to and Camflo five cents to United Mindamar climbed 55 cents to and Mattagami to American Quasar gained to and Ranger to Numac lost Vt to MONTREAL (CP) All sec- tors declined in moderate trad- ing on the Montreal stock mar- ket 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 Wednesday. Banks dropped 1.13 to 244.86, industrials .37 to 228.11, the composite .37 to 214.01, papers .09 to 115.58 and utilities .02 to 145.89. On the Montreal Stock Ex- change, Westburne Inter- national Industries declined 1 to Falconbridge Nickel to and Imasco to while Canadian Salt advanced to and Algoma Steel to On the Canadian Stock Ex- change, Invictus Oils and Min- erals gained six cents to 54 cents on shres traded. New director OTTAWA (CP) D. J. Mc- Laren, S3, of Calgary has been appointed director of the Geol- ogical Survey of Canada, the mines and resources department announced today. Born in Northern Ireland, Dr. McLaren is the former director of the geological survey's sedi- mentary and petroleum branch in Calgary. He moved to Can- ada in 1948. Hy's of Canada Appointment NEW YORK (AP) market prices drifted lower to- day in light volume that saw most traders inactive. The Dow Jones average of 30 industrials at noon was down 3.91 to 870.26, white declines led advances on the New York Stock Exchange by nearly two to one. Among Canadian issues on the New York exchange, Dome Mines was up 1% to Hud- son Bay to. and Cana- dian Javelin to Alcan was unchanged at and Massey Ferguson at white Inco was down to and Mclntyre to Medicor net income increased Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCaaig Limited) (11 a.m. Quotes) LAST BID OR SALE (11 (11 a.m. Quotes) WESTERN OILS AND MINES Albany Oils Alta East Gas Almlnex Asamera AsWand BP Canada Brenda Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Gt Plains Gt Cdn Oil S Lochiel Ex Lytton Wlin 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 MISCELLANEOUS INDUSTRIES Cygnus A Cyqnus B 120 Falcon Copper 7.25 F and M Trust 6.35 Genstar 8.70 Global Coinm 11.25 Home A 14.62ft Home B 5.60 Hud Bay Co 3.65 Hud Bay Oil 3.00 Hud Bay A Pfd 4.05 Hugh Russell 6.75 Husky Oil .20 Husky B Pfd 49.00 Husky D War 4-00 Husky E war 10.00 Hys of Canada 30.00 inter Prov Pipe 8.20 Inter Prov Steel .28 Kaiser Res 2.79 Loblaw C Ptd 28.00 Mapnasonics 8.55 Pacific Pete 2.03 P W Air 1.50 Pe-Ben Oilfield 1.15 Rainier Inc 7.50 Royal Trust 15.1214 Commerce Cap Sandwed 12.50 Teledyne West Cdn Seed Westfield Min Weston A Pfd White Yukon 7.7S Al Cdn Vent 7.75 Amr F AGF Special 6.50 Cdn Invest 15.25 Cd Mutual 40.00 Cmnw Inter 42.12V2 Cmnw Lev 38.00 Cmnw Vent Corp Invest Ccrp In St Gr In Shares Gr Equity Invest'Gr F 11.8712.97 Invest Mutual 5.64 6.17 Mutual Ac 5.80 6.38 Mutual 'Gr F Nat Res N W Cdn N W Gr Principal Gr 1.16 .22 .59 .40 29.50 15.50 13.75 .42 6.65 .92 PIPE LINE STOCKS Acres Ltd Aquitaine BC Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Ind Crowsnest Ind Alta Gas A Aita Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd 5.30 Pacific Trans Gaz Metro Gaz Metro A Trans Can P Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War 13.00 20.75 15.00 2.70 25.00 29.00 26.75 7.SO 27.00 17.75 41.50 51.00 40.00 22.00 41.25 7.60 8.60 4.35 9.25 13.50 Royfund 7.50 Temp Gr 24 50 United Ac 9.75 Universal Sav 7-00 CALGARY 4-75 Acroll 22.50 Barons Oils 3.40 North Continental 4.50 West Warrfer 4.05 VANCOUVER 5.25 MINES 1-05 Afton 62.00 Atlas 11.75 Beth Norse Croyden 13.25 Dankce 71.00 Davenport 19.00 Dolly Varden 10.50 Equitorial Res 9.75 Lornex Primer 17.00 Pyramid 4.35 Silver Standard 64.00 Valley Copper 31.50 INDUSTRIALS 3.44 3.76 5.08 5.58 2.46 F 4.96 5.44 5.17 5.68 14.50 15.93 3.67 4.03 6.99 7.68 5.94 6.52 F 4.78 5.25 3.37 3.70 7.44 8.17 3.38 3.72 7.53 8.27 5.37 5.90 4.53 4.98 4.11 4.52 6.39 6.65 8.52 9.31 4.80 5.27 7.45 8.19 .46 .04 Vi .36 7.25 .43 .76 .05 1.90 .47 .28 .18 9.75 .13 .12 .76 9.25 Columbia Brew 2.90 40.00 Key Indust .32 6.40 Wardair 2.10 18.12V2 OILS 3.40 Prp Explor 1.40 MUTUAL FUNDS Plains Pete .19 All Cdn Com 6.75 7.37 Ponderay Explor .90 All Cdn Divid 7.22 7.89 Stampede Intl Res 1.33 Toronto mines, industrials (Supplied By Ricbartfson Securities of Canada) (11 a.m. Quotes) LAST BID OR SALE (11 a.m. Quotes) MINES Acme Advocate ASb. Akaiteho Aldona Bralorne Broulan Brunswick can. N.W. 'Land Canada Tung. cassiar Central Pat. Chi mo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Giant Y.K. Granduc He! linger Hudson Bay M_s Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen RL Malartie G.F. Martin McNeely Maclntyre Weta Midrim Intern Moaul Nu West Homes New Athona New Calumet Ncranda Northgate Norlex Csisko Pine Point .10 1.45 7.20 .35 2.05 .41 4.55 6.70 1.70 10.25 1 .07 1.30 5.75 3.65 .18 6.70 4.00 33.00 a.m. Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon steep Rock Tek Corp. Texmont Upper Canada western Mines W House Copper Wright HargreaveS 1.06 Willroy 1.08 Windfall .21 Yellowknife Bear 3.40 Zenmac INDUSTRIALS (11 a.m. Quotes) B. Aisenstat The growth and increased diversity of Hy's of Canada is reflected in appointment or! saying that a number of factors, including the conviction on theft and false-prospectus charges of Medicor and North- west Sports president Tom fal- len, contribute to uncertainty about the company's long-term prospects. Abitibi .52 Alcan 96.50 Algoma Steel 1.16 Atco Ind 4.10 Atlantic Sugar 2.60 Agra Ind 68.00 Bell Tel .25'A Brazil Trac .45 B.C. Tel 9.15 Burns 3.25 B.C. Forest 46.00 B.C. Sugar Bow Val Ind .33 Cable 3.60 CAE Ind 2.02 Cdn Brew .24 Chemcell 11.50 Col Cell .29 Calgary Power 43.50 Coron Credit 3.10 CWN Gas Pfd, .07 Cdn Infl 1.51 Cdn Marconi 1.00 Cdn Vickers .40VS Chrysler 47.50 C.P.R. .19 Cominco .16 Cons. Bath 12.25 Cons Gas 8.00 Dist Seagrams .17 Dom Bridge Domtar 50.25 Dom Textile 5.20 Dom Stores J23 Dome Pete .23 Dofasco 32.00 Glendale 28.25 Grt Cdn Oil 2.55 Gen (Motors .14 Grt Lakes Pp 1.44 GM Oil Cda Greyhound 27.00 Hawker Sid 7.50 Hiram Walker 15.62Mi Huron and Erie Imp Oil 4.05 Imasca mt Nickel 2.91 Int Pipe Inv Grp A Int Util Ind Accept Kaps Kelly Doug A Laurentide Loeb Loblaw A 2.90 3.00 10.6214 Met Stores Massey Ferg 17.75 McMillan Cloe 11.00 Moore Corp A 9.75 Molsans B 41.50 Nachurs 18.25 North Jp Cent 51.50 Power Corp 15.75 Price Co. 16.50 Rothmans 19.62'A St. Law Corp 28.12V2 snell'CDA Simpson's 10.00 Simp Sears. 4.00 steel of Cda 4.05 Selkirk A 4.45 Texaco 24.25 Traders Grp A 1.60 Trans Mtn Pp 11.00 Trans Cda Pp 4.50 Union Carb 3.80 Union Gas Union Oil '23.75 United Siscoe Versatile Mig Westeel 21.25 Weston's B woodward's A 38.62V2 West Cdn Seed 35.50 Zenith Elec 20.50 BANKS Cdn Imp 14.00 Montreal Nova Scotia Royal 9.50 Tor-Dom 8.55 65.00 21.00 34.12V4 19.00 4.25 27.75 40.00 28.00 27.50 8.50 17.25 7.12V2 6.25 11.25 4.80 6.37V4 18.62V2 29.12V2 49.75 25.50 5.75 9.75 10.25 13.75 13.75 20.00 17.62VJ 10.87% 30 SO 14.50 59.50 15.75 20.00 10.75 14 JO 6.80 6.25 13.00 21.00 2.50 27.75 17-37IA 31.25 30.87'A Netc York stocks (Supplied By Rirtarasoo SecwiUes of 92.25 20 Golds 303.95 off 1.31 96.50 10 Base Met 100.15 off .48 20.50 15 W Oils 210.66 off .41 33.37% Volume Amr 7 and T 50.87% Sears Anaconda 18.00 X-Rron Beth Steel 26.00 Texas Gulf Chrysler 23.62V? Texss Co Comsat 45.00 Wickes Corp vnoir AVCDAI-CC Dupcnt 165.25 Woalworth 22.00 NEW YORK AVERAGES GM Westinghsuse Elec 34.00 20 Indust 870.56 off 3.61 Gulf 22.37Va U.S. Steel 29.50 20 Rails 155.91 up .30 Int Harvester 27.75 Gen Tel Elec 28.87Vi 15 Utilities 100.33 off .22 Kenn Copper 24.00 TORONTO AVERAGES 65 Stocks 266.25 off .66 Montgomery Ward 20 Indust 206.37 off .21 Volume Crop conditions good to excellent New TSE chairman J. Pearce Bunting, 43, succeeds J. Christopher Barren, 42, as rrew chairman of the Toronto Stock Exchange. Mr. Bunting sees his term of office as an extension of the wave of reform and modernization set in motion by his predecessors. Grain Prices WINNIPEG (CP) Flax prices were stronger in a good volume of trade at mid-session on the Winnipeg Commodity Exchange today, but rapeseed prices were unchanged to slight- ly lower. Oats dropped fractionally while barley posted margin- al advances. Rye traded ac- tively at higher price patterns. Wednesday's volume of trade was bushels of of rapeseed and 000 of rye. Mid-session prices: Flax: July 14 higher 8.33A; Oct. 17 higher 7.68A; Nov. 15 higher 7.43A; Dec. 9 higher 7.20A. Rapeseed Vancouver: Sept. 7 y4 higher Nov. toweF 6.19 %B; Jan. m lower 6.14 %B; March 10 lower 6.01B. Rapeseed Thunder Bay: July Strike ends CALGARY (CP) A com- promise agreement has been reached between Independent Machinery Co. of Calgary and its 25 welders and machinists, ending a three-week strike by the workers over a contract dispute. A new one-year contract gives wage increases of 50 cents an hour to journeymen mechanics. 45 cents to pres- sure welders and 40 cents to journeymen welders. 11 lower 6.12; Oct. 7% lower 6.02; Nov. unchanged S.89A; Dec. unchanged 5.54B. Oats: July 1 'lower 1.45A; Oct. 1% lower 1.38B; Dec. 1% lower Barley: July 2 higher 2.11 %A; Oct. higher Dee. unchanged Rye: July 2% higher Oct. higher 2.37; Dec. 2% higher 2.37. Grain quotes Wednesday (bas- is High Flax Jly 819 791 Oct 751 731 Nov 728 Dec 711 Low Close 819 751 711 738 687 711 Vancouver Sep 660% 630 660% Nov SIS 620 Jan 618 596 618 Mar 614% 607 611 Rapeseed Thunder Bay Jly 624% 611% 623 996V4 609% 584 589 S54 145 146 139% 136% 208% 209% 205% 207% 204 204Y4 Oct 615 Nov 589 Dec Oats Jly 146 Oct 139% Dec Barley Jly 209% Oct 207% Dec 204% Rye Jly 231 225 231 Oct 234% 229% 234% Dec 235% 230% 234% Coal pollutant use envisaged EDMONTON (CP) Fly ash, a troublesome pollutant that goes up toe stacks of coal-burn- ing thermal power plants, may become UK building block of the future. It may also form washbasins, ceramic tiles, vases and even teacups. "Those uses are all envisaged by President Jack Ondrack of International Brick and Tile Ltd., a company which started producing the first fly-ash brick in the world two years ago. Fly ash is used as an econom- ical replacement for clay in making ceremic products. It needs less preparation than clay which, must be mined, sized, washed and freed of im- purities before it can be used in manufacturing. International Brick plans to put a tile-producing plant into commrcial operation by Sep- tember and Mr. Ondrack hopes the eventual result will be a change in world tile-marketing patterns. Canada currently imports 99 per cent of its quarry tile, used in floors, paving and walls, be- cause domestic clay does not produce a satisfactory product. The imports amounted to about million. International Brick expects to produce about two million square feet of tile a year, bring- ing in about million in reve- nues. "We will be able to sell tha tile at about 60 per cent of the price of foreign producers, said Mr. Ondrack. International Brick was founded in 1970 to take advan- tage of the development of fly ash technology and purchased patnt rights to a process devel- oped at the University of West Virginia. The company also hired the men who developed the molding and firing process, and has pat- ented innovations they nave produced since 1971. The company's first product was brick, which Mr. Ondrack described as "the least demand- ing, technically." "TOe is simply an evolution of the fly-ash ceramic tech- nology." Tiles are more difficult to make because of handling prob- lems but eventually all products now made from clay, such as teacups and plates, should be possible. The bricks sell in the Edmon- ton area for about 20-per-cent less than clay bricks. They are produced at Lake Wabamun, 40 miles west of the city, where Calgary Power Ltd. has a coal-burning generation plant producing about tons of fly ash annually. USES TONS Mr. Ondrack said tnter- natiinal Brick will use about tons of fly ash a year in its current operation at a cost of to a ton. The fly ash not required by the company BOW goes into the atmosphere. Because of the company's de- velopment inquiries have come from the United States, Aus- tralia, India and other parts ef the world, Mr. Ondrack said. The company plans to build and operate plants in North America and licence its process in other parts of the world. Mr. Ondrack, who described himself as "a bit of an ecology said he got into the op- eration for that reason. With the growing use of coal, environmental regulations will probably be implemented re- quiring that fly ash be collected and disposed of. Packing firm closes plants OMAHA, Neb. (Beuter) American Beef Packers Inc., one of the largest United States slaughterers, said today it is closing two of its plants immediately because of gov- ernment price restrictions. Company head Frank West said 350 workers will be laid off in Omaha when the plant, which normally slaughters head of cattle dafly, doses. About 200 employees already have been laid off at a pork plant in Harlan, Iowa, about 50 miles east of Omaha. IE addition, West said, his firm's beef land international plant in Council Bluffs, Iowa, an Omaha suburb, has cot pro- duction in haH and laid off 152 workers. West said the lower produc- tion probably will last "until the government changes its price freeze policy." Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 1-25 at 41-50. Pound ster- ling down 1-5 at 42.57 23-100. In New York, the Canadian dollar was up 1-25 at 9-50. Pound sterling down 1-10 at TP. recessing etna 1003 4th Avenue S., Lethbridge Telephone 328-4426 Jucttct CALGARY (CP) Crop con- ditions are good to excellent throughout Alberta but hot, dry winds have reduced moisture reserves in the southern part of the province, the Alberta Wheat Pool says in its weekly report. fo central and northern dis- tricts, some fields were still increased ABBOTSFORD. B.C. The British Columbia Egg Marketing Board has in- creased the price of eggs to producers by two cents a dozen. CN Rail official appointed too wet to permit spraying. Grasshoppers were still being sprayed in southern Al- berta, with the heaviest infes- tations along the Alberta-Sas- katchewan boundaiy. Red tur- nip beetles were discovered in several districts of the Peace 1 River area. Field work was being car- ried out to determine the best method of controlling a cater- j pillar threat to rapeseed crops {in the Calgary and Vulcan areas. Storms in east-central Al- berta last week caused dam- age to some young .crops. The condition index for all crops was in the mid-90s, said the Wheat Pool, with soil-mois- ture conditions rated at 81 ner -r Take anew atSeagram's 83 cost to producer? of grade A large eggs now is 61 cents a dozen, medium is 38 cents and small is 42 cents. Grade A large eggs were selling recently at about 74 cents al most retail food stores. Board secretary manager Ed Morgan said the increase j is necessary to cover higher costs of production, mainly in feed oorts. tor of the Canada Grains ciL has been appointed vice- president and executive repre- sentative for Canadian Nation- al Railways. In tne newly created posi- tion, he will be involved pri- marily with tine movement of grain. Mr. Stephenson. also a form- er vice president of CN's wairie region, wiU be posted in Winnipeg. PROPAGANDA FOUND NEW DELHI in two northeast Indian states found two helium balloons con- taining anli Communist leaflets apparently intended for resi- dents of China, bordering India on tie north. Hog prices EDMONTON (CP) Aver-, age prices to 11 a.m. today i provided by the Alberta Hog I Producers Marketing Board. Edmonton: 46.35, average! Wednesday 46.64. Rsd Deer: 46.15, average Wednesday 46.68. Calgary: 45.30, average, Wednesday 46.10 Lethbridge: Nil, average Wednesday 46.24. Port Madeod: Nil. average Wednesday 46.55. Total hogs sold to 11 a.m. 259. Total hogs sold Wednesday average 46.49. Price of! sows 35.95. J Same mellow Seagram's 83 taste. Same distinctive Seagram's 83 bottle. What's changed? You'll know when you make your very next purchase. Good news! Joseph Seagram Sons, limited, Wttortoo, Ontario JOSEPH E.SEAGRAM iSoNS. WATERLOO. ONTARIO ;