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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 10, 1972, Lethbridge, Alberta West oils lead market advance Nickel rt to and Calgar Power 't to Pacific Petroleum rose 1 S4J'.4, Dome Petroleum 3. t0 93 ]g were jumbled in the slock mar Volume by II a.m. was i in slow traclinB' shares, up from at the I Dow Jones averag same lime Friday. 1 of was off l.BO t Banking, beverage, real es-'. neeltnuig issues OT Ui late, sleel, Injst and loan and stock Exchange ha food processing issues moved a sl.lm over gaining stocks moderately higher while chemi- cal, communication, oil refin- ing, pipeline and steel stocks Alan R. Shaw, research direc for of Harris, Upliam, said tha 'we'll probably see a prett; drifted fractionally lower. j dul1 as Among oil issues, Canadian Ls on down at Miami Superior Oil was up !4 to Dome PeLe lz to Hudsons Bay Oil and Gas to and Aquifaine 'i to S32. Foodex rose s's to Cana- dian Imperial Bank 2i to S267i, Seagrams to Huron and Erie lz to and Glen- gair Group lo Tara fell 7s to Numac'.s Io SlGU, Imperial Oil to Inco '.4 to and Con- sumers Distributing Vs to referring to the Demo- cratic national convention. The market's most-acti issue was which has North American rights lo the Wankel engine. The issue opened late, and wilhin a few minutes trading was halted ba cause of an influx of orders. The stock had droppde to 546. A magazine article casl some doubt on the outlok for the Wankel. The big board index of more htan common stocks was down .13 to 60.02. The price- MONTREAL (CP) Prices change index at the American were off in all sectors but banks in light morning trading on the Montreal stock market today. On index, industrials dropped .15 to 160.44, 217.93. utilities the composite Stock Exchange eased off .04 to 27.34. The Isue was American Telephone war- rants, off Vi to Boeing con- tinued one of the big board's 210.99 and papers .09 to 88.27. Banks gained 56 to 255.60. Combined volume on the Montreal and Canadian Stock at J20 among Canadian issues Exchanges was shares, j on the NYSE, while Hudson Ba compared with at the. Mining added to S2QVt Wnritimei nl Y.K. ovis R L. udson Bey MS ydra Ex. Bay err Addijon iy AflBCon brador .37 .62 2.15 1E.50 16.75 1 40 1.13 8.SO 1.42 6.50 2.23 Worlex Osisko Pine Polnf Placar Dev. PC. Exp. Quebec Man Rayrock RFo Algom Roman Corp. Sherrllt Gordon Silver Miller Steep Rock Tek Corp. Upper Canada Western Mines Wrighl HaroreavK Willroy Windfall Yellowknifa Bear Zenmac INDUSTRIALS Abitibi Altai a.m. Quoin) Dome Pets U.75 Dofasccr Cable Ford of Am Grl Cdn Oil Gen Molors Grf Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker J.73 3.20 1 17 1 15 .55 B 10 7.m 3.65 5.SD Jo.ro 10.50 .71 ip Oil Imascfl Inf Nickpl Inl Pipe Inw Grp A Int UHI Ind Accept Laurenhde Kelly Doug A Loeb Loblaw A Mel Stores 9. no Massey Fero 20 35 McMillan Blofl 13.37V, Moore Corp Molsons A 6.00 Molions B 13.B7'-'3 North Crnl il.dVh Power Crop were fractionally higher with the wheat board supplying the hedges on domestic shipper buying. Flax was off fractionally with Rapeseed Vancouver: Sep. higher Nov. I3s higher 2.593sA; Jan. j% higlier March U higher 2-.54B. Rapeseed Thunder Bay: July higher 2.45V4B; Oct. only a moderate local and com- mission house trade. higher 2AM; Nov. Dec. not open. Oais: July highi Oct 7S higher higher TlVzB. higher Dec. 1 Barley: July ;4 higher 1.12A; Oct. ss higher I.I4A; Dec. H4 Friday's volume of trade was higher bushels of flax, Rye: July a4 higher 1.02'iA: bushels of rye and OcL 5a higher Dec. -S hurfiels of rapeseed. I higher 1.03. Livestock report Calgary livestock The Clagary livestock market report was not available today because of the Calgary Stampede parade holiday. er cattle sold In line wilh (al cattle trade. Choice steers 34.90 35.60; good steers 34.00-34.50; choice heifers 31.70-32.30; good heifers 3100-31.50. i Good cows 24.00-25.00; heif- ery kinds 25.80; medium cows 22.00-23.50: canners and cutters On offer at the fort Macleod bulls pounds) mqls Sliver adsen R.L. alarfic G.F artin McNeclV arjnlyrt e1a idrim tern Mopul u Werf Horr.es ew Calumsl Horse Ci NiranrJa Norlhoale Alqomn Steel Alco Ind Atlantic Sugar Agra Ind Bell Brazil Irac 21.6T'i Price B.C. Tel 61 W Rolhmans l-i Sf. Law Corp 31.no Shell CDA 21 Simpson's 31 37 Slmo Sears Sleol of 7 25 Texaco Traders Grp A 2 00 Trans M1n Pp Trans Cdn Pp cortwi Lrcaii 1.60 Union Gas .04 C.W.N. Gas Pfd 11.00 Union Oil Burns B.C. F, B.C Suga Val CAE Ind Cdn BriM Chemcell Col Cnll Calgary D'QSl Ind 1.07 iper Ind Marc Cdn Vickcr Chrysler CPR 17V? Cominco 9.70 Cons Bath 9.75 Cons Gas .12 Disl Scaqrarr. Dom Bridge 750 Domfar 37.50 Donr Textile Dom Stores Mfo Ifi Versalile 3.75 Westwl 12.50 Union Car 31 W Weslon's B Woodward'! A Wesf Cdn Seed Zerilh Eler 1R. 00 BANKS 35.35 Cdn !mc on Monlrs U.Wh 62.25 6.65 73.50 15.50 33.00 21.00 -f.35 2B.DO 2-i.37Va 31.25 2950 9.37V7 K 50 19.25 12.50 6.00 4.30 7.1216 31.12V; Id.75 57.00 12. H 12.12V; 33.50 51 00 45.50 3650 39.50 50.50 16.62VJ 23.75 J5.no 13. 87 "T J2.on 6.75 20.50 17.75 JO. 37Vi Wondoy, July 10, 1 ?72 THE tETHBRIOGK HHAtD Rising stock markets predicted by analysts By BUD JOKCfiNSEN Canadian Press Staff Yl'riter .sliRhlly since reaching a record porLs to Canada In high May 25, and Wood Gundy compeLilive position Stock market are ?ays il (is market5 predicting rislng-markeL, ded'ned b-v the rest of ,h, year lhal uncertainly almiil Uie intei1- national nionelary syslc-m, i belter and some say the Canadian economy is in the first year of a lengthy expansionary period. One research report from The Greenshields report lays greater business incentives in the May 8 federal budget create the great potential tor manufacturing and processing industries. However, the advantages "could be signif- heightened hy the effective de- icanlly mollified wilh a pcrsis- brokeragTfirm predi s ne in 'he Brilish high exchange dustrial slock index of the To- ma-v MAY DI.OI- R. Nea- pole, 67, president of the Montreal anil Canadian Slock Kxchangra sincn has left his posl lo hpgin a new care.lT as a business consult- ant. ronto Slock Exchange should reach "hitherlo u n a s s a i! e d I heights." A i-esenrch report fi'om Bon- had an adverse efletl on markets. OK COM-IDKNCK "The facl (hat these markets The Richardson report says the Canadian may drop lo about parity with the T.S. dollar later Ihis year and slay 11 ICI.IUII 1IU111 OUII- L I J I II I I 1 nard T orlio anrl rn i M c "ave 110' neclnied significantIv al lhal level during early J97.1. Kdru, ana ijia. ......_ ,_ _ Ll_ __ Elkview pkuil sets record NATAL (HNS) II has been announced by W. L. McMorris. general superintendent, prepar- ation plants, Kaiser Resources Limited, that the Elkview ilanl set a monthly production record in May of 470.462 tons. Thus record breaking per- 'ormance followed the record breaking months of March snd April. The Elkview plant shipped .14.607 tons of coal lo West- bore terminals in 58 unit rains. D'jring the month the last of tie clean coal, stockpiled in anuary and February, was ncked up and loaded into the ;nil trains. Reclamation of Ihe tockpile area is now under vay lo stop dust from becoin- ng a pollulion problem. Canadian stock prices as mea- sured by the TSF. index have increased in value by aboul per cent during the first halt ol Ihe year. This compares with a pain of 3.0 per cent during lire 111 o.ll U'JI cu L UU lllid I Hi i iirst half of last year and onlv Wllh "nSell'Eri J IllAIln rnnrli one-half of one per cenl during Ihe second half. Wood Gundy Lid. says the TSTO index outperformed a widely watched United Slates flock Jones in- Ihe first six monllis of this year. The TSE index has slipped Nova Sc 30.55 Tor Dom 16.00 Royal 3 15 26.50 20.25 34.25 37.00 32.7i New York stocks Amr T ind T Anaconda Beth SlMl Chrysler Comsat Duponl GM Gulf Inl Harveilrr Kenn Cooper (Supplied By Richardson SecnriHes of Canada) 106.50 70 Golds 223.43 up ears NJ i Texas Co 33.35 Volu NEW 51-50 ao indusi U.S Steel 10 Rails 235.33 e YORK AVERAGES 5.33 up Ggn Tel Elec 27.25 li Utilities 10S.32 off 23 so TORONTO AVERAGES 41 311.07 off .65 Montgomery Wflrrf 22.75 30 Indust 503 OS up Volume Boyle's Column Mocleod Livestock m lo good Slaughter steers and heifers I plain heifers 28 00-30 00 were Si lower than last Tues- i .______________ day's sale, with cows and bulls steady. Insufficient slocker s I c e r s and heifers were on offer lo declare a market. Freshly fcccl- g ByGene Fawcettfl UP OH TOP THE NUMEROUS OWNERS OF VW "BEETLES" NOW HAVEA ROOFTOP OWPERMftPE JUST FOR THEIR CAR. A 4'nfl1 FIBERGLASS TO EXACT ROOF CONTOURS BDLDS TO MOUSE A ZIPPEREO fOLYURETHASC-03ATED NVLON "COVERED WASON'TENT... EDMONTON (CP) _ Aver- ape prices lo 11 a.m. provided by Ihe Alberta Hog Producers Marketing Board: Edmonton: .12.40- Friday, ,12.77. Red Deer: 32.35: Friday. 3281. Calgary: Friday. 32.80. Lcthbridge: Nil: Friday, .12.95. Nil: Friday, 32.30. Hogs sold Friday .1 169 eragc 32.80. average average average average average Find new vaccine ATLANTA, Ga. (AP) The National Centre for Disease Control says a new influenza vac-cine is available which is 75 per cent moro polcnt against Hong Kong flu and produces fewer side affects because it has fewer impurities. Tlic cen- tre says it isn't pushing Ihe vaccine for Ihe general public but recommends it for "use among me elderly and chroni- cally By HAL BOYLE (API-Things a columnist might never know if he didn't open his mail: Americans are becoming walking drugstores. One thou- sand has doubled since are added to the foods he eats lo improve their coloring, flavor or shelf life. The average American consumes five pounds of these food additives a year U.S. families now eat one out of seven dinners awav from home. Families with higher incomes eat out more often, and city dwellers do so more than rural people. Barnacles are slill a serious world maritime problem. In six to eight months after it is launched a ship may acquire a three-inch thick crusl of these tiny sea creatures on its hull that can add 100 Ions lo its weight and cut its speed by 10 per cent. Sleepless: Despite his healthy outdoor life, the Tn- dian often lo.ssed sleepless on his bed of boughs. His msom- nin remedy was a tea brewed from dried nettles. Olher plants used lo woo sleep by different peoples over the cen- turies were tobacco, man- drake roof, hemlock, lettuce seeds, henbane and .iimson weed. Most failed as remedies and also had had side effects. HELP HIM OUT Have this filed: Did you know that somclimcs doctors wrilc a patient a prescription goes through a metallic age as well as middle age and old age. He is in the metallic age when his leelh are full of gold, his hair is full of silver, and another part of his anat- omy is full of lead." Some facts about shaving: The average beard grows about 017 inch a day or about half an inch a month. Dark or heavy beards don't necessar- ily grow faster: they may just show up sooner than light- haired beards. Shaving doesn't make whis- kers darker or coarser or cause (hem lo grow, faster. It is true, however, that fat men pet smoother shaves than skinny men. in 55 years of shaving (lie average man will spend hours, or 139 days, at his bathroom mirror. 'Peg airline turned down by CAB BfSMAKCK, N.D. official of the Civil Aeronautics Board has denied a request by the North Dakota Aeronautics Commission that Transair Ud. of Winnipeg be allowed to pro- vide emergency air carrier ser- vice during the Northwest Air- lines strike. Harold Vavra. director of the North Dakota Aeronautics Com- mission, quoted the CAB offi- I cial as saying the board's f emergency powers lo grant al- temate air sendee to North Dakota cities does not apply to foreign carriers. oft i The Winnipeg based airline would have provided service lo Fargo and Minneapolis under Ihe state's proposal. Frontier Airlines has told North Dakota it does not have Ihe necessary aircraft or crews to provide emergency service. Vavra said the state aeronau- tics commission has asked Western Airlines of Los Angeles to provide alternate east-west service to Bismarck and Fargo with ils present jet flights be- tween Minneapolis and Seattle. No answer has been received from Western. Vavra said. North Dakota has been left without east-west plane service during Ihe Northwest pilols' walkout. B.C. Hydro net income up slightly VANCOUVER fCPi Bri- tish Columbia Hydro's annual report says Hydro had a net income of in the i year ended March 31. up slight-! ly from laxt year's J16.1 mil- lion. Gross revenues were million, an increase of 10.5 per cenl over the 1970 71 fiscal year Costs totalled S289.2 mil- lion, a 10.9 per cenl increase over lasl year. The report over Ihe past few weeks can. Par! of the reason lor Rich- therefore, he regarded as a sign ardson's optimism aboul a de- of basic confidence dine in Ihe value of the dollar is Richardson Securities of Can an expeclation that interest ada says it appears .securities rales in the U S. will rise. Can- raarkels have learned lo live ada is an allradive place to invest t'.S. dollars bccau.se rales are higher here from "II seem? apparent now lhal some types of investments. any basic reforms to the system Wood Gundy says the econ- aie yoing to laVe years to omy is in a period of "tempo- liale and lhal there are no easy ran- accelerated growth" af a or quick solutions lo Ihe intenia- result of federal fiscal and mon- lional monetary problems con elary policies. Ironting us." "We are convinced thai Ihe Greenshields Ud. says Ihe authorities will maintain an ex- "economic setting and the pros- pans'onary stance throughout pects for 1973 continue lo offer 1973." significant potential" tor higher Wood Gundy said the outlook stock prices. Bui the company's for 1974 is bright if its projec- rcsearch report expressed con- cern about the value of the Ca- nadian dollar. The dollar now is valued al more Ihan one cent above par wilh the U.S. dollar. An in- tions for 1373 are valid. "The economy by thai lime (1974) should be running closer lo its potential output and. if the foreign Irade seel or has nol suf- fered severely from the efferU crease in value of Ihe Canadian of a conlinued monetary crisis, dollar makes Cajiadiaji exports Ihere is every reason to expect more expensive and places im further strong growth." Alberta economy shows good grain the largest BDMONTOX Major single cost item was interest iseclors of Alberta s economy and other debt cosls. which shmred Sain5 durinS tile flrs1 during Ihe rose 9.9 per cent year lo S97.7 million. The larg- est cost increase was in salar- ies, wages and employee bene- fits -which rose 16.6 per cent lo S67.5 million. four months of this year, the provincial bureau of slatislics says. The bureau. In a report on business trends, said farmers' cash receipts lo the end of The report says this Increase j April were 33 per cenl higher reflects higher pay rates and than during the same period in improved pensions, bul the'1971. Receipls from crops pel-mils making up 63 per cent of the 1972 total. Relail trade duj-uig the per- iod increased 15 per cent to S821 million and motor vehicle sales were up by S20 million. Department store sales were up S14 million, service stations by million and grocery stores increased by S8 million. "Wholesale trade trends also Indicate a 15 per cent gain over lhs four- totalled 5113 million compared last ?'ar based on wilh million during the month figures." same peiiod lasl year wilh re-1 The bureau said unemploy- ceipls from livestock increas- j menl during May of this year fiscal year is dislorted by the impact of a transportation strike on Hie 1970-71 figures. --.f..............___-.....------ i Oilier major costs items in-; in? by 27 per cent this year to jin decreased to 4.2 per eluded million for plant S1GB million. depreciation. S51 for million for material and services and S20 million In grants, school taxes and water rentals charged to operating expenses. A LOT OF WATER During Ihe January April period. Alberta manufacturers shipped goods valued at 1671.7 million, an increase of almost H per cenl over the same per- 1 iod in 1971. Packing planl pro- duction was up 13 per cent and refinery production during the cent of the labor force compar- ed with 5.2 per cenl in April. Dollar value MONTREAL fCP) U.S. dol- lar in terms of Canadian funds unchanged at 50.98 17-32, Pound first quarter of 1972 jumped a sterling down Vi lo The amount of water In the substantial 38 per cent, atmosphere a square I The value of building permits mile of land on a mild summer' was ?180 million to the end of day is estimated to be tons. April compared with the previouj year with residential NEW YORK dollar unchanged at Jl.OlVj in terms of U.S. funds. Pound ster- ling unchanged at 7-64. 'for HOME IMPROVEMENT Higher costs I SPARWOOn (HNS) The i District of Spanvood Is faced uith hi.slier cusls than v.c-e an- 'Hunianislic" policemen on the way CALGARY (CP) Gradual- inp policemen were here i thai 85 per cent of their work I will be related to law en- forcement because of Ihe chang-! ing society. Ken Hollington, director of I police science and industrial security at Calgary's Mount Royal Community College, said LANDSCAPE ROCK While garden rock V to 1' Use For ground cover for flower beds, borders, etc. 25 50 Ib. bag Picnic Tables 2" heavy duty construction. Steel reinforced kgs. Folding Eeots 6 ft. long. 95 EACH 17 SIDEWALK BLOCKS Skidproof finish. Grey Red Chan coal Gold. The f I r m of j n 1180 i PoHeeTove to from extension the social sciences and other cost Slsn.OOO, however. elds lo cope will, a complex the lowest hid received was sociciy. he said made by Wc.slern Industrial ..mjm wc ,hink the amount of in police (cnd ,0Hlllink I wo other bids wore rec'cived j of hardware batons mid gas: "If we nre to have n truly 24" x 2" thick 24" x 24" 2" Thick ____ 24" 30" 1" Thick one from Cunningham n n d Shannon for S2.12.930. and Bor- ger Construclion for A member of the engineering lo meel wilh Ihe Ihrec just lo speed him out of Ihe j firms to negolintc for a lower office? A medicnl economist, Dr. Charlotte Mullcr, says that handing out a proscrip- tion Is one of the best ways a busy doctor can cut down on the windy farewells wilh which some patients waste his lime. Worth remembering: "Man professional police, we will need more men equipped in be- havioural science skills skills th.nl will make them com- munily exports "The policeman of Ihe future price on Ihe extensions. The borrowing bylaw, approv- will he humanist ir." ed, is for SIM.OOO, based on (lie estimate made lasl winter. ANTIKNT FOtlM IIKAH WITH l.KGS I Lobsters have esisled in Ihplr lislcn with t.hcir legs present form for some 100 mil- nnd taslo with their (ecu lion years. Patio Blocks 6 ci EACH CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'l INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Photin Phone 327-5444 or 327-5110 ;