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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 23, 1973, Lethbridge, Alberta 18 THE LETHBRIOGE HCRALD Monday, July 23, 1973. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCaaig Limited) LAST BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) (11 a.m. Quotes) WESTERN OILS Cygnus B 7.75 VANCOUVER AND MINES Falcon Copper 14.00 MINES 4.25 Afton 9.30 16.12W Atlas Explor .46 44.50 Bath None .82 45.75 Croyden M 42.25 Dankoe 2 00 Davenport .41 44 Dolly Varde.i .29 48 oo Equitorlal Res 21 4400 Gibraltar 14.75 24.37V2 Lornex 12.50 41.00 Primer.. -1' Pyramid Sliver Standard Albany Oils Alta East Gas Almlr.cx Asamera Ashland BP Canada Brenda Mines 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 Granislc Gt Plains Gt Cdn Oil S Uochiel Lytten Min Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ranger Scurry Rain Seibens Spocner Total Ulster West Pete W. Decalta 1.13 8.15 6.60 11.25 13.00 f 7.S01' (11 a.m. Cygnus B Falcon Copper F and M Trust Genstar Global Comm Home A Home B Hud Bay Co Hud Bay Oil Bay A Pfd Hugh Russell Husky Oil 8'mi Husky B Pfd 20 Husky D War Husky E War 400 Hys of Canada 1] 59 Inter Pro Pipe lnter Prov stee' 10'00 Kaiser Res 27 Loblaw Magnasonics 11 62V" Pacific Pete 79 c0 P W Air Pa-Ben OilfisJd Rainier Inc Royal Trust Commerce Cap Sand well Teledyne West Seed 14 62Vi Westfield Min 1 25 Weston A Pfd White Yukon ;L PIPE LINE STOCKS 8.50 9.75 4.25 9.15 12.75 3.50 29.25 9.75 30.7S 9.50 Valley Copper INDUSTRIALS .11 1.22 9.90 Col Brew Key Indust Wardair OILS Prp Expor Plains Pete 2.80 34 200 8.25 2.05 2.02 1.35 7.55 17.75 1.30 .21 7 Ponderay Explor .90 V5c Stampede Intl Res 1.60 MUTUAL FUNDS All Cdn Com 7.19 7.82 All Cdn Divid 7.69 8.36 All Cdn Vent 3.63 4.00 Amr Gr F S.-Wf 5.91 AGF Special 2.75 Cdn Invest F 5.12 5.62 Col Mutual 5.60 6.34 Cmnw Inter 15.05 16.54 Cmnw Lev 3.50 4.29 5.25 24.00 3.80 4.35 4.25 5.50 1.70 61.00 11.75 .50 720 .95 3.87V4 5.40 MISCELLANEOUS INDUSTRIES Acres Ltd 13.50 Aauitaine 23.75 BC Sugar Pfd 15.00 Block Bros 2.85 Cdn Brew A 25.00 Cdn Brew B 30.00 Cdn Pacific Inv 29.00 Crestbrook For 9.03 Crowsnest Ind 29.50 Cygnus A 7.75 Alta Gas 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 CALGARY Acroll Barons Oils North Continental Western Warner 13.25 Cmnw Vent 7.43 8.16 Corp Invest 6.18 6.79 Corp Invest St F 5.05 5.54 W-F u-s- "-05 10.00 22.25 11.75 430 64.00 Great Pacific Gr In Shares Gr Equity Invest G'r F Invest Mutual Mutual Ac Mutual Gr F Nat Res N W Cdn N W Gr Principal Gr Royfund Temp Gr united Ac .02Vi Universal Sav .OTA Univest .35 Vanguard 7.05 18.25 3.90 .57 466 5.09 3.52 3.88 7.68 8.43 12.48 13.64 5.91 6.46 6.C2 6.62 3.63 3.99 8.23 9.04 S.56 6.12 4.89 5.37 4.40 4.83 6.70 66.97 8.67 9.43 5.15 5.66 7.76 8.53 5.99 6.59 7.18 Toronto mines, industrials (Supplied By Richardson Securities of Canidi) LAST BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) (ii a.m. Quotes) New president John S. Poyen, former president of Total Petroleum Ltd. of Calgary, has been appointed president of the Canadian Petroleum Assoieaticn. New Canadian oil chief named MINES Acme Advocate Asb. Akaitciio Bralcfne Broulan Bethlehem Bovis Brunswick Can. N W Land Canada Tung. Cassiar Central Pat. Chimo ConweEt Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines DenTson Mines Deer Horn D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Maritimes Giant YX Granduc Hollinger Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Snore Langis silver Madsen R.L. G.F. Martin McNeely Maclntyre Afeta- Midrim Internn Mogul Nu West Homes New Athona New Calumet Noranda Northgafe Norlex Osisko Pine Point 34.50 Placer Dev. 31.50 1.22 Pax Exp. 2.70 1.12 Quebec Man .13 2.25 Rayrock 1.42 .45 Radiore .37 16.00 Rio Algom 2.35 Roman Corp. 5.30 Sherritt Gordon 7.50 Steep Rock 2.U Tek Corp. 10.50 Texmont 1.10 Upper Canada 1.20 Western Mines 5.85 W H Cop Mines 3.90 Wright Margraves .18 Willroy 1.10 Windfall 7.60 Yellowknife Bear 3.60 INDUSTRIALS 38.00 Abitibi .03 Alcan .46 Algoma Steel 93.50 Atco Ind 1.35 Atlantic Sugar 4.55 Agra Ind 2.95 Bell Tel 73.50 Brazil Trac .25 B.C. Tel .67 Burns 9.10 B.C. Sugar 3.60 Bow Val Ind 45.50 Cable .30 CAE Ind. 3.45 Cdn Brew 2.20 Chemcell .23 Col Cell 13.00 Calgary .Gen Motors Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hiram Walker 3.25 3.60 i.co 1.07 3.50 -361A Coron Credit 42.50 3.00 .06 1.26 1.01 .36 58.00 .16 .16 C.W.N. Gas Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Cominco Cons Bath Cons Gas 13.87Vi Dis Seagrams 8.50 Oom Bridge Dom Textile Dom Stores Dome Pete Dofasco Glendale Grt Cdn Oil .25 S3.50 635 .32 .24 79.62V2 Hur p. Erie 8.75 Imp Oil 17.75 Imasca 1.52 Int Nickel 4.50 Int Pipe .26V2 Inv. Grp A 3.00 Ind Util Ind Accept Kaps Kelly Doug A Laurenfide Loeb Loblaw A Met stores 11.87'A Massey Ferg 30.50 McMillan 18.75 Corp Mclsons A Mclsons B Nachurs North Cent 17.87'A Power Corp 50.50 Price Co. 15.75 Rothmans 19.00 St. Law Csrp 33.62'A Shsll CDA 15.50 Simpson's 10.25 Simp Sears 4.50 Steel of 4.20 Selkirk A 4.40 Texaco 23.75 Traders Grp A 1.80 Trans Mtn Pp Pfd 11.00 Trans Cda Pp 14.75 Union Carb 3.65 Union Gas 16.25 Union Oil 25.75 United Siscoe 17.75 Versatile Mfg Westeel Weston's B 41.0D Woodward's A 41.00 West Cdn Seed 36.00 Zenith Elec 7.62'A BANKS 14.00 Cdn Imp 33.00 Montreal 27.00 Nova Scotia 9.00 Royal 8.15 Tor-Dom 67.00 22.75 36.25 19.00 4.25 54.62V2 28.62V2 29.50 30.87VJ 9.25 23.87Vi 17.25 7.00 5.75 4.90 18.50 30.00 52.75 25.00 .24.50 7.50 11.75 13.00 20.00 20.00 8.87% 11.00 32.00 15.00 65.50 18.25 20.00 33.75 10.50 16.00 5.00 14.75 21.00 5.37% 2.50 30.37% 33.50 34.12% 34.25 Amr T and Anaconda Beth Steel Chrysler Comsat Dupont GM Gulf mt Harvester Kenn Copper Yorfc stocks By HefearOMn Seenidet of Cnafc) 53.00 Sears 22.25 X-Ron 28.37V2 Texas Gulf 25.75 Texas Co 53.87% wfckes Corp 168 JO WooIworWi 67.00 100.25 20 Golds up .93 93.75 10 Base Met 106.60 off .07 2X75 15 W Oils 239.72 off .41 33.12V4 Volume 19.25 NEW YORK AVERAGES 20.75 20 Indust 915.71. up 4.91 Westmghouse Elec 20 Rails 1M.93 O.S. Steel 29.50 30.12% Gen Tel Elec 3125 27.37K, TORONTO AVERAGES up .74 Utilities 101.39 U.C. Stocks 278.56 up 1.18 Montgomery Ward 19.87Vi 20 Indurt 217.42 up .88 Volume Grain price review WNTNIPEG (CP) Oilseed prices again advanced their 20- cent limit in light trade at mid session today on the Winnipeg Commodity Ex- change. Oats was mixed, while bar- ley posted modest advances. Something Is Happening At Now Available! STIPPLETONE WAU. AND CEILING TEXTURED FINISH The exciting texture fin- ish for walls and ceilings, inside or out. Ready to use. Goes on easily with brush roller. Covers cratVs, patches, noil holes. Can be applied to concrete, block, britlt, plaster, wollbsjard, gyproc, acoustic al- most any surface. In Ultra White for tinting. Also Sil- ver Frost and Gold Dust. 1602 3rd Ave. S. 327-5777, 327-5888 Open Mem., Tow., Wed., Fri. and Sot. o.m. to p.m. Thursday OnJy a.m. p.m. FREE DEUVERY "CHARGEX" Rye prices moved in a narrow range, but were mostly higher. Friday's volume of trade was bushels of flax, 000 of rye and of rape- seed. MID-SESSION PRICES: Flax: July 20 higher 9.51B; Oct. 20 higher 9.09B; Nov. 20 higher 8.78B; Dec. 20 higher 8.64B. Rapeseed Vancouver: Sept 20 higher 7.89B; Nov. 20 high- er 7.52B; Jan. 20 higher 7.40B; March 20 higher 7.36B. Rapeseed Thunder Bay: July 20 higher 7.60B: Oct 20 higher 7.40; Nov. 17 higher 7.19B; Dec. 20 higher 6.88B. Oats: July 1% lower Oct. 1V4 higher Dec. Vz higher 1.58A. Barley: July 'i higher 2.57A; Oct. 3% higher Dec. 1% higher 2.41'iA. Rye: July 3 lower 2.73B: Oct. higher Dec. higher CALGARY (CP) In economically there for 19 years, working in Cal Poyen's opinion, it would be closer ties and Edmonton and Toronto. Canada's interest to move the last two years, h< ward an integrated Poyen was born 57 president of Total Petro energy policy with the in New York City. (North America Ltd. o a bachelor's degree a medium-sized in "Having said that, I think geology from the company with explor great danger would be of Colorado and a refining and marketing outrtraded by the from .the same school in Canada and Mich the new president and chief Mr. Poyen flew ecutive officer of the and Mustang fighters in Poyen, who became a Ca Petroleum theatre during citizen in 1960, "I would never suggest World that what is good foi Canada and the U.S. come came to Canada in oil industry is basicallj gether from a politica or joined Imperial Oil Ltd. for Canadians and the Ca identity of nations point of He stayed with economy. Erratic Wall St. influences Canadian By SANDRA ESTGALSBE shares .changed hands exchanges, combined vol- Canadian Press Staff week, up from 11.72 was 5.29 million shares, week. Value of with 6.13 million last Major Canadian stock rose to Value of shares traded kets improved on last week's despite the unsettling million. On the Montreal and million against million. fluence of the New York icet. Trading ranged from to active this week and fluctuated widely. Analysts said the MAY HAVE influence on Canadian was the often erratic of Wall Street. The newest United States economic GRAIN THEY announced last week met with mixed reaction from investors concerned about a profit squeeze in an already (Reuter) The Soviet Union may already have bought all the grain triggered higher prices which, since then, have spread to most sectors of the food in- from the United not only in the U.S. but "There was hope that the nest 12 months and to most parts of the world. measures would help control in-lation, and investors returned to toe markets for some buying of aWactively priced issues in the market will be substantially below its massive purchases of last year, says Unitel States Agriculture Secretary Earl did not elaborate on just how much more the Russian buying would be to meet its needs over the coming year. agriculture denart- COMPANIES UD. Win fellowships BANFF. Alta. (CP) Fellow- ships covering full tuition and accommodation have been awarded to seven persons regis- tered in cultural resources man- agement courses offered through the Banff centre, it was amounced today. Recipients of the Fellowships are: G. E. CarlyJe of Midna- pore. Alia.; Nahum Ravel of Montreal: Philip Rodgers of Charlottetown. P.E.I.: Dick Schouten of Toronto; Chris Ty- reirof Vancouver; Alex Kush- lak. a community museum co- ordinator from Andrew, Alta.; and Linda Lazarowich of tbe Ukru'njan Arts and Crafts Ma- in Sasfratrem, Observers said markets were the national broadcasting corp. siiStoXrssi'Si terly earnings reports in- dicating higher profits for many companies. INDUSTRIAL INDEX UP said the Russian purchasing agency located Irere had an- nounced it already had made its purchase commitments out At Toronto, the industrial in- f year's United States dsx, considered a major in- dicator of market trends, closed the week up 3.97 to 216.54, its JSSlLl veaT owigiK last year. were what sub- they highest level in two months. On the Montreal and Cana- dian Exchange, the composite index rose 5.15 on the week to 227.37, its highest level since April 24. Oil stocks were traded ac- tively and at Toronto the west- ern oil indsx closed the week at 240.13, up 14.88. Analysts said interest was stimulated by an- nouncements of oil discoveries by some companies and the record summer exploration ac- tivity in frontier areas. Mining issues responded to the up-and-down metal prices on world commodity markets. Golds closed the wesk at down 9.41 and base metals rose .97 to 106.67. The question still to be an- swered is how long the market rally will last. Analysis say it is still too soon to tell. SAYS OUTLOOK GOOD Moss, LawsoH and Co. Ltd.. Toronto, comments: "Although lie short-term direction of the Mew York market is still uncer- ain. we believe lhal the To- ronto market looks extremely ;ood. Investors should be ac- runralating in this market to be wepared for a healthier general expected this fall." At New York tbe Jones average of 30 industrials was sensitive to economic news and Watergate bearing develop- ments but closed the week up 24.90 to 910.S9. At Toronto, 12.72 million Last summer tbe Soviet Un- ion bought 19 million tons of U.S. grain for shipment over a 12 month period. Those pur- chases, worth over billion, comprised a surprisingly large 12 million tons of wheat and were substantially larger than had been expected. ment statistics show American exporters already have report- ed they have export sales con- tract with the Soviet Union covering a little over 7.5 mil- lion tons, including about 3.5 million tons of wheat and near- ly four million tons of corn, as well as moderate quantities of barley and rye. "I don't picture the leaders of the petroleum industry today as being the robber barons of the early 1900s. They are profes- sional managers; they are mostly Canadians and they are just as attuned and sensitive to the economy of Canada as they are to the economy of their own industry." Mr. Poyen says the federal government's recently-released green paper on energy is not exactly a statement of policy. "It is an objective analysis of the situation without predicting any he says. SAYS POLICY NEEDED Mr. Poyen says Canada ur- gently needs clarification of her energy "not so -rapid that it is bad in the meantime, the industry has to work without clear guidelines from government. He adds: "Can the industry wait for policy and not know whether they can make the massive in- vestments that are going to be required .for an ongoing energy search and development while they don't know the ground rules of their future? "The petroleum industry has a massive investment in plants, buildings, management people, land people, technical and cleri- cal staff which can't be turned off while energy policy evolves." Turning back to an integrated energy policy with U.S., Mr. Poyen said: "Canada is going to be left out in the cold. Our trading partners are dropping off fast. We lest the Commonwealth and we lost Britain to the European Common Market. We've got to tie up with our obvious trading the United States." Toronto stocks higher at noon TORONTO (CP) All sec- tors of the Toronto stock mar- ket were higher in moderate mid-morning trading today. The industrial index, consid- ered ths major indicator 'of market-trend, rose .51 to 217.05, golds .42 to 297.10, base metals .17 to 103.84 and wester noils .18 to 240.31. Volume by 11 a.m. was 000 shares compared with 000 at the same time Friday. Advances were well ahead of declines, 106 to 58, with 169 sues 'unchanged.. Industrial mining, bank, oil refining and paper and forest stocks were among gaining market sectors while steel, food processing, general manufac- turing and chemical issues were lower. Trading in shares of Quinte Canlin common and class A shares resumed at the opening. The common was off 75 cents to 75 cents and class A 70 cents to 75 cents. Microsystems rose to Occidental Pete to Bank of Nova Scotia to Im- perial Oil Vz to and Rapid Data to Noranda fell to Kaps Transports to Bell Can- ada to and Husky Vs t'o Rio Algom was up to Orchan 15 cents to and Bankeno 15 cents to 87.40. Que- bec Sturgeon was off five cents to Decca gained 25 cents to and Western Decalta 15 cents to Pan Ocean lost to NEW YORK (AP) The stock market continued to rise today, buoyed by good corpo- rate earnings reports. The Dow Jones average of 30 industrials, which rose nearly 25 points in a five-day rally last week, was up 4.81 to 915.71 at noon. OP the American Stock Ex- change, gainers held a comfort- able lead over losers, and the price-change index was up .09 at 23.27. Among Canadians on the New York exchange, Alcan was up at 303A, Canadian Pacific Vs to 18y8, Dome Mines V4 at Hudson Bay to 31, Inter- national Nickel Vs to 31, Massey Ferguson to 21 Canadian Javelin at 11% while Scurry Rainbow was unchanged at 17% and Mclntyfe was unchanged at 58. Dollar value MONTREAL dol- lar in terms of Canadian funds at noon Monday was up 1-25 at 9-10. Pound sterling down 49-100 at S2.53 3-20. In New York, the Canadian dollar was down 1-25 at 1- 10. Pound sterling down 3-5 at 2-5. CAREERS Banff district coroner dies Cash weak in Europe LONDON (AP) The United States dollar and the British. pound weakened again in Eu- ropean money markets today, and gold inched upward in early trading. Dealers suggested that the dollar's strength was being sap- ped by the West German mark and other European floating currencies being bolstered by interest rales. The British currency did not respond to the Bank of Eng- land's boost in interest rates to record levels week, usually a powerful magnet for drawing foreign tods into London. BANFF (CP) Local phy- sician and district coroner Dr. Patrick Costigan, 57, died j at his borne as the result of a heart attack. Born in Settler, Dr. Costi- gan obtained his medical de- gree at the University of Al- berta in 1941. He moved to Banff in 1944, serving as gen- eral physician, surgeon, dis- trict coroner and medical offi- cer at the Banff centre. Livestock Calgary livestock CALGARY (CP) Receipts to 11 a.SQ. from the Calgary Public Stockyards showed sales of 200 head, mostly slaughter steers. Trade was active. Slaughter steers sold steady, condition considered. There were insufficient heafers on offer to establish quotations. Cows were steady. Steers, Al, A2: 46 to 46.85. A3: 45 to 46. Cows, Dl, D2: 34 to 35. D3: 32 to 33.75. D4: 28 to 31.50. There were insufficient re-, placement cattle on offer to es- tablish a market. No hogs were sold to 11 a.m. PreJiminary slaughter fig- ures for week ended July 21: Alberta hogs 37.380, beef Canada bogs beef 9S4. OPPORTUNITY FOR YOUNG MAN------ (25 or ever) DRIVER SALES REQUIREMENTS: 3rd class operators license, clean and neat appearance For personal interview phone: 3275712 Canadian Propane Gas Oil Ltd. JOURNEYMAN PLUMBER We require a Journeyman Plumber with commercial experience. Applicant will be expected to do some take-off work and generally assist in building a me- chanical contracting' shop' in lethbridge. Applicant should state age and complete resume of experience. This position offers a rewarding future to the successful applicant. All replies will be kept strict- ly confidential. Apply to Box 74, Herald TORONTO fCPl Funeral services were held here for L. Stuart Mackersy, former chair- man of the Canadian Imperial Bank of Commerce, who died at his Toronto home after a long illness. He was 82. His banJcing career began in uxj Alia., where be join- tury fortress in Halifax, was led the Imperial Bank in 1SU, BUILT BY DUKE Halifax Citadel, a 19th Started career in Alberta cen- built by tbe Duke of Kent becoming nresJdent in 1963. Hog prices EDMONiON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board Edmonton: 58.30. average Friday 56.38. Red Deer: 56.85, average Friday 56.46. Calgary: 56.95 average 56.27. Total bogs sold io 11 a.m. 923. Total hogs sold Friday, average 56.37. SHOP FOREMAN FOR LOCAL FARM EQUIPMENT and MACHINERY MANUFACTURER Must be experienced in this field and able to work well with other people and work without supervision. Salary negotiable to experience: only experienced parties need apply. Apply in person to VICTORY EQUIPMENT LTD. 920 2nd AVE. 'A' NORTH, LETHBRIDGE PHONE 327-4389 LOCAL, FOOD Nova Scotia's best cuisine Js based on local lob- ster, scallops, ctems and a wide assortment of fruits and vege- tables. CHEVRON STANDARD LIMITED REQUIRES PROCESS OPERATORS Chevron Standard limited invites opplicotionj from Protest Operators for employment ot the Kaybob South Profit- ing PIqnJ located approximately 30 miles south of Fox Creek, Alberto. Applicants must hove operating experience in gas plont related industry, end hold or be wording towards or Third Class Alberta Steam Engineer Certificates. Full employee benefits ore offered, including moving of- sistance and transportation. Modern housing is available at Fox Creek. Salary will be commensurate with experience. Please submit written application giving full details of age, education end experience, together with telephone number Chevron Manager Employee Relations Chevron Standard Limited 400 5th Avenue S.W. Calgory, Albtrro T2P 017 ;