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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 15, 1974, Lethbridge, Alberta Tariff schedule for handling of grain attacked The Herald Business WINNIPEG A maximum tariff schedule for grain handling proposed by the Canadian Grain Commission came under attack from the National Farmers Union today but chief commissioner Del Pound said the union is forgetting that 70 per cent of the grain handling is done by the Farmers' own companies NFU president Roy Atkinson of Saskatoon said the proposed maximum of lOVz cents a bushel thrusts role of executioner for hundreds of rural prairie communities into the hands of' the grain handling and railway The in a letter of intent to primary grain elevator said it has recommended to the federal cabinet that maximum grain handling tariffs be increased to cents effective Aug. 1. Decision of cabinet is pending. The tariff would be a maximum and elevator companies could vary their depending on volume handled. the ob- ject is to allow higher charges in high-cost areas and lower charges in areas where high volumes make handling more economical. But Mr. Atkinson said m a news release that the effect to substitute the principle of maintaining least cost rates for farmers to one where the financial interests of the elevator and railway companies assume first the companies can now force farmers at some delivery points to haul greater distances through imposing a high rate structure on least favored delivery points. They are being afforded a blank cheque to charge what the traffic will He said some companies will claim competition in rates will reflect the greatest level of efficiency in the grain handling system. truth of the matter is that this policy is a sellout of farmers' interests and is going to cost them millions of additional dollars in both direct and indirect Stocks Miscellaneous Montreal MIDLAND DOHERTV LIMITED Future planning advised to assure food supply EDMONTON Assuming that there will be world adequate popula- tion control modern technology should be able to ensure enough food for the Dr. A. E. Hannah of said here. Dr. assistant depu- ty minister in the agriculture department's food system told the Canadian Seed Growers' annual meeting that the management capability and the incentives are available to produce food for a much Daily oil production on decline CARACAS Vene- zuela's daily oil production has maintained a downward trend for the past the government says. The mines ministry reports that crude oil production so far this year has averaged barrels a day. This was down 7.58 per cent or barrels a day com- pared the barrels produced during the same period a year earlier. Canada and the United States are major buyers of Venezuelan crude. The centre-left government jf President Carlos Andres Perez has said it will nationalize foreign oil com- janies' assets in the oil in- lustry. a measure expected in he next 12 to 30 months. Retail sales increase OTTAWA Retail were up by five per cent luring May after adjustments or seasonal statistics Canada reported oday. The May total was bil- ion and sales in 14 of the 18 troduct groups were higher. larger population than now ex- ists in the world. will not be a nutrient shortage as such for many years to come if we plan ahead and use our scarce resources he adding that there will and must be change. it can be gradual and orderly if plans are made to develop resources effectively on the basis of needs and directions of the total he said. assumes that we will achieve an adequate measure of population control within the foreseeable future and that the distribution of the population throughout the world will be such that it will be unnecessary to transport massive amounts of food over long Dr. Hannah said in recent history famines and food shor- tages have occurred when sur- pluses of food have been problems in other areas of the world. WESTERN OILS AND MINES Alton Mines 5.25 Albany Oil .39 Aita East Gas 4.80 Alminex 5.25 Asamera 8.00 Ashland Oil BP Canada 1337V4 Brenda Mines Cda South 3.15 Cdn Ex Gas 2.70 Cdn Homestd 4.15 Cdn Ind Gas Oil Cdn Long Is .17 Cdn Super 35.25 Chieftan Dev Dome Pete Dynasty Fort Reliance 16 Giant Mascot 97 Gibraltar Mines 8.50 Gramsle 7.50 Gt Plains 39.52V4 Gt Cdn Oil S 7 25 Lochiel Ex 1.52 Lytton Mm 1.45 Noble Mines .55 North Cdn Oil 3 15 Numac Oil Gas Pancdn Pete Pan Ocean 9.37 y2 Petrol 1.42 Pinnacle 28 Place Gas .34 Ponder 46 Ranger Oil Scurry Rain 20 00 Seibens 1225 Spooner .32 Total Pete 7.50 Ulster Pete .95 United Canso 1475 West Pete 3.30 West Decalta 6.00 MISCELLANEOUS INDUSTRIES Acres Ltd 7 00 Aquitaine 2212VJ B.C. Sugar C Pfd 12.00 Block Bros 3.05 Canbra Foods 2 85 Cdn Pac Inv A Pfd Carling O'Keefe A Pfd 17.75 Carhng O'Keefe B Pfd 20.00 Comm Cap Corp 1.75 Crestbrook Ind 5 50 Falcon Copper 1050 F and M Trust Co 4.30 Genstar Home Oil A 36.25 Home Oil B 32.75 Hud Bay Co 1550 Hud Bay Oil 27.00 Hugh Russell C Pfd 68.00 Husky Oil Husky Oil B Pfd 33 SO Husky Oil E War 6 25 Interprov Pipe War 2.94 Interprov Steel Pipe 15.75 Kaiser Res 4 00 Kaiser Res War 1.80 Loblaw Co C Pfd 25.00 Magnasonics 1.60 Pacific Pete 19.00 Pacific West Air 7.75 Pe-Ben Oilfield Serv 5.25 Rainer Inc 3 25 Royal Trust Sandwell Teledyne Trimac Westfield Min Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas N and C Gas N and C Gas B Pfd Pacific Gas Trans Trans-Cda Pipe Trans-Cda A Pfd Tra-s-Cda B Pfd TransCda War WC Trans WC Trans War CALGARY Acroll Barons Oils N. Continental Western Warner VANCOUVER MINES Atlas Explorations Bathurst Norsemmes Dankoe Davenport Dolly Varden Equilonal Res. Northair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Columbia Brewing Key Industries Wardair OILS August Petroleum Plains Pete Ponderay Explorations Stampede Int'l Res MUTUAL FUNDS All Cdn. Compound 5 16 All Cdn Dividend 5 36 All Cdn. Ventures 2 75 Amer Growth Fund 3.96 AG.F. Special 1.99 Cdn Invest Fund 4 32 Eaton Commonwealth 1178 Eaton Leverage 2.71 Eaton Int'l Ven 5.08 Corp. Investors 5.37 Corp Invest Stock Fund Group Income Shares 2 60 Growth Equity 5.87 Invest Giowth Fund 10 23 Investors Mutual Mutual Accum Nat Resources N.W. Cdn. N.W. Growth Principal Growth Provident Mutual Royfund Templeton Growth United Accum Universal Savings Vanguard 22.25 5.75 4.25 4.85 .95 51.00 12.75 53.25 54.25 875 10.00 20.00 9 987VZ 55.00 31.75 .96 18.50 250 .36 35 .25 1 58 220 .75 .18 .08 650 1 86 04 .09 1.66 6.00 4.85 .08 1.60 34 14 .68 .61 561 5.84 2.99 4.53 474 447 6.45 11 18 4 90 5 36 5 42 5.96 4.01 441 4.82 5.30 3.84 4.22 3 64 4.00 6 29 6 88 498 5.19 7.01 7.68 3 94 4.33 6 99 7 69 473 5.18 Toronto industrials by Richardson Securities Wheat imports suspended WASHINGTON The White House has released an order by President Nixon that suspends United States wheat import quotas indefinitely An earlier suspension was due to expire June 30. With protests from bakers who had claimed bread might soar to a Nixon suspended last Jan. 26 the yearly quotas to enable more foreign grain and flour to enter the U.S. market. Although the wheat supply continues to be no bread materialized and enough U.S. wheat remained available until the 1974 now being began to reach markets. The suspension order removed quotas which for many years have limited the amount of milling wheat and flour to enter. The wheat quota had been bushels a and flour or other mill- ed products 4 million pounds. Sears CORRECTION In our Day advertisement which appeared on page 32 of Saturday's Lethbridge Herald the following items should read as follows SEARS BRAND LIGHT BULBS 4 mgi for 1.481 FRUIT SLICES IDS. 1.49 WILKINSON T BLADES R.B..SS....................................3 for 1.49 MINES Acme .11 Advocate Asb 1.30 Akaitcho 1 85 Bralorne 1 25 Broulan 49 Bethlehem Bovis 1.47 Brunswick 3 90 Can NW Land 4 90 Canada Tung 3 70 Cassiar 5 50 Central Pat. .90 Chimo 1.10 Conwest 3 50 Cons Rambler 2.55 Com Lake .20 Cochenour 1.46 Craigmont 4 80 Dickenson Mines 8.75 Denison Mines 39 00 D'Eldona .36 Dome Mines 46.25 Discovery Mines 1.85 East Malartic East Sullivan 2 60 Falconbridge 42.75 Frobex .21 First Mantimes .40 Giant Y K 14 12V4 Granduc 1.90 Hollmger 28 50 Hudson Bay A 18.75 Hydra Ex 67 Iron Bay 4 65 Iso 1.32 Joliet Quebec .24 Kerr Addison Key Anacon 31 Labrador 29 Lake Shore 4 50 Langis Silver .10 Madsen R L. 1.65 Malartic G F. 1.35 Martin McNeely 31 Maclntyre 30.50 Meta .15 Midrim .15 Intern Mogul 6.50 Nu West Homes A 6.00 New Athona .25 New Calumet .22 Northgate 4.65 Norlex .20 Pine Point 30 62Vi Placer Dev. 19.00 Pax Exp. 1.80 Quebec Man .20 Rayrock 1.05 Radiore .24 Algom 25.75 Roman Corp. 9.25 Sherntt Gordon 3.75 Steep Rock 1 54 Sunningdale Tek Corp 3.15 Texmont .18 United Canso 14.25 Western Mines 2.61 WH Copper Mines 3.05 Wright Hargreavps 1.95 Willroy 1.73 Windfall .12 Yellowknife Bear 2.95 Zenmac .08 INDUSTRIALS Abitibi 11.00 Alcan Algorrja Steel 26.00 Alco Ind 13.50 Jannack 5 75 Agra Ind 6.87Vi Bell Tel 43.37 Brascan A 13.87Vi BC Tel 52 50 Burns 1125 BC Forest 13.75 BC Sugar A 18.87yz Bow Valley Ind 18 75 Cable 13.00 CAE Ind P.12V4 Carhng O'Keefe 2.35 Chemcell Cda Cellulose 4 90 Cal Power 23 00 Coron Credit 3.10 CWN Gas Pfd B 50 Cdn Ind 20 75 Cdn Marconi 2 71 Cdn Vickers 16.75 Chrysler 15.25 CPR 1400 Cominco 28 50 Cons Bathurst 27 00 Cons Gas 14 Dist Seagrams Dom Bridge 42 75 Domtar 24 50 Dom Textile 10 Dom Stores 15.00 Dome Pete 25.50 Oofasco 28 50 Glen Mobile 3 50 Grt Cdn Oil 7.25 Gen Motors 44.50 Grt Lakes Paper 20.50 Gulf Oil 27.75 Greyhound Hawker Sid Hiram Walker At 44 62Vi Huron Erie 21.50 Imperial Oil A 28.25 Imaica A 27 Int Nickel 26.25 Int Pipe Inv Grp A IU Int'l 11.25 IAC Ltd Kaps 2.15 Kel Douglas A 4.70 Laurentide 7.75 Loeb 315 Loblaw A 6 75 Metropolitan 1000 Massey Ferg 16.75 McMill Bloed 25.25 Moore Corp 48 75 Molsons A 20 12M. Molsons B 18 00 Nachurs Nort Cent Power Corp 11.00 Price Co 1275 Peyto 5 00 Rolhmans 11.75 Shell CDA 13.75 Simpsons Simp Sears 11 00 Steel Can A 30 Selkirk A 12.75 Texaco 33.50 Trad Grp A 9 Trans Mtn Pipe 13.25 Trans Can Pipe 9.75 Union Carbide Union Gas 9.50 Union Oil 4.85 Versatile Mfg 5.75 Westeel 20.75 Westons 23.00 Woodwards A Canbra Foods 2 85 BANKS Can Imperial Montreal Nova Scotia 33.50 Royal 29 50 Tor Dom 34 New York by Kichardson Securities of Amr. T4T 44.00 Woolworth 14.50 Anaconda 20.62Vz Westinghouse Elec 13 00 Beth Steel U.S. Steel 45.87Vi Chrysler Gen Tel Elec Comsat TORONTO AVERAGES Oupont 159.00 20 Industrials 183.71 up .62 General Motors 20 Golds 442.31 up 2.49 Gulf 19.87'A 10 Base Metals 76.36 down .40 Int Harvester 15 Western Oils 179.41 down 93 Kenn Copper 31.00 Volume 473.000 Montgomery Ward 25.50 NEW YORK AVERAGES Sears 78.12V4 20 Industrials 792.08 up 4.84 Exxon 20 Rails 157.30 up 1 97 Texas Gulf 25.50 15 Utilities 67 77 up .54 Texas Co 25.25 65 Stocks 237.16 up 1.89 Montreal Stock Exchange June 1974 Still down Industrial index on Montreal Stock Exchange dropped 3.68 to 195.08 from 198.76 to close the month of June. Utilities fell 4.06 to finish the month at 124.29 and banks dropped to 230.79 from. 248.96. Papers fell 2.32 to finish the month at 116.86. Winnipeg grain WINNIPEG Almost all months of flax and rapeseed their daily trading limits in continuing light activity today at mid-session on the Winnipeg Commodity Exchange. Rye was generally with next year's May position down four cents a bushel Flax increased 30 cents in all positions Currencies MONTREAL Monday's mid- day foreign exchange selling rates supplied by the Bank of Montreal. Bermuda dollar 1 01 France franc .2095 Germany mark 3930 Japan yan .003400 Switzerland franc 3345 United States dollar .9770 United Kingdom pound 2 3500 USSR ruble 1 30 Quotations in Canadian funds. Dollar value MONTREAL U.S. dollar in terms 4of Canadian funds at noon to- day was up 1-20 at 97 61-100 Pound sterling was up 7-100 at 33 1-25 In New the Canadian dollar was down 1-20 at 02 920 Pound sterl- ing was down 120 at 38''j Friday's volume of trade was bush jls of flax. 585.000 of rapeseed and 1.050000 of rye. Mid-session prices- Flax July 30 higher 10 79B. Oct 30 higher 10.53B. Nov 30 higher 10.21B. Dec 30 higher 10 03B Rapeseed Vancouver Sept 20 higher Nov 20 higher Jan 20 higher Mar 20 higher 6.58B. Rapeseed Thunder By. July eight higher 7.35B. Oct 20higher Nov 20 higher 6 72B- Dec nine higher 6 10B Rye- July higher Oct higher Dec two higher May four lower 2 99B Livestock Calgary CALGARY Receipts to 11 d.m Monday from the Calgary public stockyards totalled 175 practical- ly all slaughter cattle. Trade was moderately active There were insufficient slaughter steers on offer to establish quotations A few heifers sold steady for quality Cows and bulls were steady Heifers. Al. A2 40 to 42 50 Cows. Dl D2- 2850 to 3050 25 50 to 28 D4 20 to 25 Bulls good 30 to 33 C A RE EPS NEED Square Feet from Square Shops Call 328-1705 24 Hours TOWN OF PICTURE BUTTE Immediately Requires SECRETARY-TREASURER Municipal experience preferred. Salary negoti- able. Applications will be received at the Town Office up to p.m. July 22nd. Please submit applications E. MclLROY Town of Picture Butte An exceptional broadcast opportunity Requires an ANNOUNCER Saskatchewan's most listened to station has an immediate opening for an experienced contempory MOR personality with a strong production voice. We offer top benefits and a five day week. Send tape and resume D. R. Alexander Production Manager CKCK Radio P.O. Box 6200 S4P 3G4 Telephone 522-8591 Market prices up in light trading TORONTO Prices on the Torontp stock market were moderately higher in light midmorning trading today. The industrial wide- ly based indicator of market rose .48 to and golds 5.05 to 444.87. Base metals fell .33 to 78.43 and western oils .88 to 179.46. Volume by lla.m. was 000 shares compared with shares at the same time Friday. Advances outnumbered de- clines 99 to 57 with 131 issues unchanged. Moore gained to Texasgulf to Massey Ferguson Vt to Stelco A Vt to and Home Oil A Vt to Dome Pete lost to Canadian Tire A Vt to Falconbridge Nickel Vt to Canadian Pacific Vt to Market trends MONTREAL Prices were generally higher in light trading on the Montreal Stock Exchange today Volume at 11 a m was 103.600 shares compared with 174 300 shares at the same time Fndav Utilities rose 1 06 to 127 65 the com- posite 64 to 186 0V. banks 54 to 233 41. industrials 52 to 195 27 and papers 24 lo 11606 Consolidated Bathurst rose to i. Chrysler J i to Du Pont of Canada to and Texaco Canada 'z to while Pacific Petroleums fell 'e lo Among speculative issues. Abitibi Asbestos Mining fell five cents to alter trading shares VANCOUVER Prices were mixed in light trading on the Vancouver Stock Exchange today. Early volume was 207.150 shares In the industrials. Bell was at on 7.900 shares. In the mines. Exeter was up 06 at 24 on 100 000 shares In the oils. Mountain Slates was up 05 at 55 on 4.000 shares. NEW YORK The stock market gamed broadly again riding the momentum of Friday's strong rally The 11 30 a m Dow Jones average of 30 industrials was up 6 50 at 793 53. and gamers led losers bv mne-to-lwo in moderate trading on the New York Stock Exchange Among Canadian issues. Mclntvre added 1'j to Seagrams to Massey Ferguson to Canadian Pacific i to Inco dropped to and Alcan was un- changed at 529 and Imperial Oil A Ve to Lost River Mining was up 40 cents to Camflo Vt to and Quebec Sturgeon Vs to Agnico-Eagle fell Vt to and Gibraltar to United Canso was down to Canadian Northwest VH to and Pan Ocean Vs to Amalgamated Bonanza rose 10 cents to and Coseka five cents to METROPOLITAN Mikes an Appointment Here In STAN VERLINDEN Metropolitan Life In- surance Company has an- nounced that Mr. Verlinden has been appointed a Metropolitan Insurance Representative here in Leth- bridge. In his new position Mr. Verlinden will be pleased to serve you m every phase of Insurance Plan- ning including Life and Em- ployee -Benefit Plans. He is dedicated to the purpose of continuing and extending the service which has led so many people here in Leth- bridge to entrust their pro- tection to Metropolitan. Call on Mr. Verlinden for assist- ance with your Life and Disability. Telephone his residence at 327-3550. Metropolitan Life We Sell Life Insurance our Business is Life Head Office Ontario 100 000 LIFE INSURANCE I W W P W W W Level Term Option Year Convertible Term ANNUAL PREMIUMS Age 20-155.00 Age 35 -228.00 Age 25.160.00 Age 40 -321.00 Age 30-167.00 Age 45-475.00 KEN BELSHER OCCIDENTAL LIFE of California 439A HOLIDAY VILLAGE Phone Ret. 328-0904 Royal- Trust A CAREER IN REAL ESTATE SALES Our Real Estate division is moving to a new modern office and requires three career-minded individuals. The ideal candidates will be with a desire to help and can expect above average earnings. Royal Trust represents the fastest growing Real Estate organization in with 88 offices coast to coast. Our Lethbndge office has consistantly been a leader in sales and listing volume on the Lethbndge Real Estate Board. If you are sales or previous Real Estate sales call Bob Butchart 328-7761 days or 329-4040 or write Royal Trust Real Estate P 0 Box Lethbndge. All inquiries confidential. EDUCATION CONSULTANTS GRANDE PRAIRIE and RED DEER Department of Education The successful candidate serve as a con- sultant to administrators and school boards m the interpretation of regulations and provincial policies and will assist local administrators and business officials in financial matters such as budgeting and Program conduct surveys and investi- and act as an Inspector of Schools as re- quired.The successful candidate will preferably have a graduate degree in administration with successful teaching and administrative experience at the superintendency Additional information can pe obtained from Mr. B. L. Director of Field Services. Salary Closes July 1974. Competition Number M742-17. PETROLEUM DRILLING INSTRUCTOR 1 The Alberta Petroleum Industry Training requires an individual to instruct petroleum drilling upgrading courses and to develop new courses related to the industry. Requires a two year Diploma in Petroleum Technology plus extensive drilling ex- perience. Preference given to candidates with a Degree in Petroleum Engineering who are eligible for member- ship in A.P.E.6.Q.A. Salary commensurate with qualifications. This competition will remain open till a suitable candidate has been selected. Competition Number 5501-12. GOVERNMENT OF ALSEftTA PERSONNEL ADMINISTRATION OFFICE MAIN CENTENNIAL BUILDING 10015 103 AVMiM. TSJ OH4 Room 500 TERRACE BUILDINQ Liberia ;