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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 24, 1972, Lethbridge, Alberta Base metals dip lower TORONTO (CP) Base metal issues drifted fractionally lower while prices in other sec tors of the Toronto stocks mar- ket remained strong in moder ate mid-morning trading today The industrial index climbed .86 to 202.48, golds .24 to 211.95 and western oils .68 to 234.40 Basa metals were down .2 to S1.63. Volume by 11 a.m. was shares, up from at the same time Friday. Advances outnumbered de- clines by almost two-to-onc, 222 to 69, with 152 issues un- changed. Banking, chemical, beverage, oil refining, paper and forest, steel and general manufactur- ing issues moved sharply higher while food processing, merchan- dising and real estate stocks drilled lower. Southam Press was up to Imperial Oil to Toronto Dominion Bank to Murritt to and Numac to ?16. MacMillan Bloedel rose to Consolidated Bathurst to Villacentres lo S12V4 and Shell Canada to Occidental Pete lost lo Canadian Imperial Bank to Canadian Southern Pete five cents to and Kenting Va to STOCKS NOON MONTREAL (CP) Prices moved higher in all sectors in light trading on the Montreal stock market today. In losses, Denison fell 2Vi. to Canadian Salt IVt lo Rapid Data Systems to International Utilities to and Border Chemical to On the Canadian Stock Ex- change, Commodore Business Oil firm earnings climbing CALGARY fCP) Total Petroleum (North America) Ltd., increased earnings to or 10 cents a share during the six months ended June 30. This compares with or five cents a share for the corresponding period last year. The company said earnings per share were calculated after deduction of dividends paid to holders of the firm's preferred scries a shares. Gross revenue was 481, up from Total, with marketing and re- fining headquarters at Alma, llich., holds oil and gas rights in British Columbia, Alberta, Saskatchewan, The Yukon, The Northwest Territories, Ontario, Canadian Arctic, in Hudson Bay and off the Labrador coast. Machines rose to and S and L. Diversified to STRONG ADVANCE NEW YORK (AP) ble economic news continued tc spark a strong stock market ad vance today. Trading was mod erately active. Canadian issues were up on the NYSE, with Mclntyre Por- cupine adding 1 to ?55, Hudson Bay Mining putting on and Alcan adding On the Amex, Brascan was ahead at and Scurry Rainbow added V> to Grain prices Winnipeg Grain WINNIPEG (CP) Vancoii ver rapeseed futures were showing a litlle strength on light trading at mid-session on the Winnipeg Grain Exchange today. With litlle buying Interest evident, Vancouver rapeseed prices were up to 1% cents above previous close levels. Thunder Bay prices were stea- dy. Flax was about one cent low er, also on a lack of trading while oats, barley and rye were unchanged to fractionally lower on extremely light activity. Friday's volume of trade was bushels of flax, of rye and ot rape- seed. MID-SESSION Flax: July lower ZMVt; Oct. 1 lower 2.87 14 A; Nov. 1 lower 2.84A; Dec. lower 2.78 'A. Rapeseed Vancouver: Sep. higher Nov. IS high- 2.4414; Jan. higher March Ts lower Rapeseed Thunder Bay: July lower 2.30; Oct. unchanged Nov. not open; Dec. unchanged 2.32B. Oats: July VB lower Oct. unchanged Dec. not open. Barley: July unchanged 1.14A; Oct. 'A lower 1.15B; Dec. lower 1.15MA. Rye: July lower 1.03'AA; Oct. VB lower Dec. ower 1.0054. OKAY CONTRACT KELOWNA, B.C. (CP) iVoodworkers in British Colum- bia's southern interior Satur- day voted to ratify a new two- year settlement worked out ;arlier in Ihe week belween Ihe International Woodworkers of America and the Interior For- est Labor Relations Associa- tion. The men receive a 40-cent-an- hour raise each year plus an extra seven cents in June, 1974, me month before the contract expires, bringing the basic rate o aji hour. TV station interests Neonex chiei VANCOUVER (CP) Jim Pattison, owner of Vancouve radio station CJOR and prcs dent of Neonex Internationa and independent film maker AT Jones are each considering th prospect of starting a new tele- vision outlet here. Their interest follows an an nouncemerit Friday by the Ca nadian Radio-Television Com mission that it is inviting appl cations for new television sta lions in Winnipe and Vancouver. Commission Chairman Pierre Juneau also announced that th CRTC has given permission fo Global Communications Ltd. o Toronto to set up a third network in southern Ontario t combat the influence of larg U.S. networks that broadcas into southern Ontario. Mr. Pattison, a former ca dealer, said he will begin nex week looking into possibilities o setting up a new station in Van couver. "I am certainly interested i looking at this in h said Saturday. "I would have to do som homework on it. This is a bi boys' ball game. I don't know what it would cost, maybe million, maybe a couple of mi, lion." FAMILIAR GROUNDS Mr. Jones also found th CRTC announcement templin familiar. In 1960, when lie was 34, hi Vantel Broadcasting Co. Ltd was given the go ahead to se up Channel 8 in Vancouver. "This is 12 years ago all ove he said in an interview Saturday. Mr. Jones sold out his stock in Vanlel shortly after the ventur ran into serious iLnancial trou ble. "I have never really lost in terest in television, but that1 the beginning and end of it a the he said. "I'll certainly be givin thought to applying again. An Edmonton man, A. M (Scotty) Shoults, the owner o radio station CHQT in that city said in Edmonton that he waul like to start new stations in Ed monton, Winnipeg and Vancou ver. Mr. Shoults said his company CHQT Broadcasting Ltd., wil negotiate with Global for an EC monton outlet first and then look at the Vancouver and Win nipeg markets. Hog prices EDMONTON (CP) Aver age prices to 11 a.m. provide! jy the Alberta Hog Producers Marketing Board: Edmonton: 34.80; average Friday 34.31. Red Deer: 34.80; average Frl day, 3164. Calgary: 34.60; average Fri- day, 34.73. Lethbridge: no sales; aver- age Friday, 33.94. Lloydminster: No sales; av- erage Friday 33.75. Grande Prairie: 32.90; no sales Friday. Total hogs sold Friday average 34.45. Sows average 24.20. "CGA" MAKES THE DIFFERENCE The man or woman designated as a Certified General Accountant has a well-assured future. CGA students are drawn from among persons who presently have an involvement in accounting. Intensive training in all aspects of financial management rewards them with the CGA designalion. prepares them for advancement with their present employer, or oilers them new and better opportunities wilh other organizations. You can make your own good news on the job scene, now and in the future, by training as a Certified General Accountant. Ask (or enrol- ment information: THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION PRAIRIE REGION 404-6lh Ave. S.W.Calgary Telephone 262-9222 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dob city. McCuaig LimJlcd) LAST DID OR SALE B.m. Quoles) B.m. Quotei) Husky Oil Invest Mulual Husky Oil B 43.25 Mulual Ac Husky Oil War 4 10 Mutual Gr I inler Prov Pipe 13 Nal Res Prov Sleel N W Fin Kaiser Res K' (lliOO B.m, QuolBi) WESTERN OILS 6.15 7.10 16.SO 11.00 S.15 5.90 3.30 7.10 Almlnex Alta Sail Gas Asamera Ashland BP OH Gal Can South Cdn Ex Gas Cdn Homesld Cdn Ind Gas Oil 1000 Cdn Super 47.25 Cdn Long 19 Charier Chleftan Damn Pele Ct Plains Gr Cdn ON Lot hi el Norlh Cdn Oil J.10 Num Pancdn 'Pets Pan Ocean Pelrol Pinnacle Place Gas Ponder Manage Pacific Pele Rainier Telcdync While Yukon Wesl Hold CALGARY Acroll Barons Oil Madison North Con I Wesl Warnei 3.B5 3375 S.tZVi 375 4'os 1 IB 40 N.W. Gr Principal Gr Royfund Temp Gr Unlled Ac Universal Sav IB. 50 1 JO ?.00 Range Scurry Rein Spoon er Selbcns Total Ulster W. Deceila WES! Pete MISCELLANEOUS INDUSTRIES Aqultaine Brlnco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnesi Ind Cygnus A Cygnus B Falcon Copper Genslar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay on Pfd 52.00 Hugh Russell 34.00 Wesl Warner -39 RIPE LINE STOCKS 13.50 Alls Gas A 56.50 H-M Alia Gas Pref 73.25 Alia Nflt Gas 20.25 inland Hal Gas 15.75 -B3 N and C Gas N and C B Pfd 25.00 Pacific Tram Gai Melro 4.65 Trans Cria B Trans Cda A Trans Cda War WC Trans WC Trans WIs 39.75 83.50 2775 9.15 MINES Aflon Alias ExplOf Balh Norse Brenda Churchill Copper Croyden Davenport Dankoe Dolly Vorden Dynasly Equllorlsl Fort Reliance Giant Masco) Gralsla Lornex Lyllon Minerals -'78 5.B9 5.13 56 7.03 7.7 5.20 5.7 5.73 630 4.BS 5.3 4.73 7.CW 7.4i a.i 5.44 5.9 ao 4.50 .Id .51 .10 .55 .71 .35 9.60 -18V .36 4.65 7.40 7.90 2.05 .12 MUTUAL FUNDS Silver Standard Texmont Trolan All Cdn Com 8-30 9.07 wc Res 6.25 All Cdn Dlvld 9.1510.00 INDUSTRIALS All Cdn Vent 4.20 4.59 Block Bros Amr Gr F 4.52 7.16 B.C. Sugar AGF Special 3.d5 B.C. Sugard Pfd Cdn lives! F 5.03 5.52 Capt Inter Col Mutual 6.7B Columbia Brew Cmnw Infer Crcsl For Ind 35.75 25.M 23.80 4.95 5.25 11.50 Lev 3.67 4.25 Hys Vent 7.75 8.52 Key Indust 32.75 Corp Invest 6.05 6.61 Pacilic West Air 31.75 Corp In Sn F 5.12 5.60 Stampede Inll Res Dreyfus F U.S. 12.77 13.99 OILS 43.50 Gr In Shares 4.17 4.59 Albony Oil Gr Equily 7.99 fl-79 Plains Pele Invest Gr F 12.24 13-38 West Explor Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) MINES Acme B.m. Quoles) (11 ;00 a.m. Quoles) Asb, AkflllchD Bralorne Broulan Brunswick Casslar Central Far. Chlmo Ccnwest Cons. Rambler Coin Lake Cochenour Cralqmont Dlckenson Denison Mines Deer Horn D'Eldona Dome Mines Discovery Fair Mfllarlle East- Sullivan Falcon bridge First Marlllmes GianT Y.K. Bovls Granduc Headway R L, Hallinger Hudson Bay Ml Hydra Ex. Iron Bay Jolief Que Kerr Addison Key Anaccm Labrador Lake Shore Madsen R.L. MalaMIc G.F. Martin McNeely Maclnlyre Met a Mid rim Inlern Mogul Nu West Homt New Alfiona Noranda Norlex OSlEKo Pine Point Placer Dev. Oue man Royrock Radlore Rio Algom Roman Corp. Snerrilt Gord Silver Miller Sleep Rock Tek Corp. Texmonl Upper Can. Western Mines Wright Har Willroy Yellowknlfa .OBVa Zcnmac .42 INDUSTRIALS l.fO Abllibi .71 Ajcan iS Algoma Steel 1.34 Atco Ind i.oo All an lie Sugar .29 Agra Ind .60 Bell Tel Brazil Trac B.C. Tel 7.55 .55 .33 3-75 1.32 1.02 rf.75 "US 7.90 1.65 31.55 40.W .12 1.06 Grr Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda .26 Greyhound 19.00 Hawker Sid 7.60 Hur B. Erie Hiram Walker ,MVi Imp Oil 2.5? 3.15 1.15 1.15 4.15 .14 v.2S 20.75 14.75 2.20 3.35 B.C. Forest 39.50 B.C. Sugar 21.00 Bow Val Ind .21 CAE Ind Cdn Brew 1.05 Col Cel ,T2V] Calgary Pow ?.10 Coron Credit .22 C.W.N. Gas Pfd 11.00 J7.00 Cdn Ind 16.00 3.35 Cdn Marconi 60 Cdn Vickers .85 Chrysler Comlnco 57.00 Cons Bath .11 Cons Gas .15 Dlst Seagran e.15 Dom Bridge 9.50 Domlar .25 Dom Tex 36.75 Dom Stores 5.25 Dome Pele .29 Dofasco .26 Cable Int Nickel tnl Pipe Inv Grg A Int Ulil Ind Accept Laurenllde Kelly Doug A Loeb L obi aw A Met Stores Massey Ferg McWillsn Bloa Moore Corp Molsons A Molsons B 13.50 Norlh 6 Cent il !2Vj Power Crop 21.25 Price Co. 61 25 Rolhmans 14.50 St. Law Corp Shell CDA 21.00 Simpson's Simp Sears fl.OO Sleel of 7.3714 Selkirk A 4.15 Texaco 25.12% Traders Grp A 1.65 Trans Mln Pp Trans Cda Pp Union Gas Union Oil Versatile HFtj Wcsteel Union Car Weston's B Woodward's A West Cdn Seed Zenllh Elec BANKS 31.00 Cdn Imp 16.62'A Montreal 74.50 Nova Scotia Royal 21.50 Tor-Dom 10.75 30.50 70.00 13.75 17.50 36.25 6.P5 73.00 15.75 34.121 27.00 4.30 2B.2S 9.15 30.00 2B.i7V B.50 47.00 19.75 7.50 7.00 20.00 15.25 54.50 47.W 27.25 27.2S 11.75 950 22.4273 20.00 25.75 3B.DO 33.871 24.12V 5050 17.75 23.00 45.00 .J2.50 1B.B7W 17.55 B3.M 2B.50 3.00 27.12% 20.25 37.00 34.12 "A 33.75 Neiv York, stocks (Supplied By Richardson Securities ot Canidi) Amr T and T Anaconda Belh Skel Chrysler Dupont GM Gulf Int Harwsler Kenn Copper Sears 42.25 SID Oil of N.J. 17.00 Texas Gulf 5J.I714 Texas Co 31 .CM Wickes Corp 163.SD Woolworlh s.tKi Wesllngnouse Elec 71.00 JO Golds 211.97 up .16 10 Base Met 91.73 off .02 32.50 15 W Oils 235.79 up 2-07 Volume 987.497 35.75 NEW YORK AVERAGES 30 Indusl 932.04 up ll.M 24.W U.5. Sleel 20 Rails 332.32 up 3.01 Gen Tel nnd Elect 27.00 15 Utilities 106.50 off .04 21.62V] TORONTO AVERAGES 65 Stocks doB.67 up 376 108.62V) 20 Indust 203.16 up 1.54 Volume Livestock report Calgary livestock CALGARY (CP) Receipts at the Calgary livestock mark- et to 11 a.m. totalled 275 head, mostly slaughter cows. Trade was active. Slaughter steers and heifers were steady, quality and con- dition considered, with no trictly choice kinds offered; jver finished animals were under pressure and sharply liscounted. Cows were 50 cenk ower and bulls were steady. Good to low choice slaughter Manulife Appointment lorry R. Mandseth Manufafcurers Life Insurance ompony has announced tho ap- oinlmenl of Larry R. Mand- elh as Field Assislanl in the cthbridao Unit. A native of AN aria. Alberta, Mr. Mandscth has een with ManuLHo slnco 1965, he joined Ihe Edmonlon ffice. Ho brings to his new post road knowledge of tho lifo in- uranco marker, enhanced by is experioncQ in the Central Al- orla and Calaary Soulh offices f ManuLlfo. In addition to ler- Inq his clients, Mr. Mandsclh will welcome the opportunity o discuss tho advantages of a aroor in Lifo Underwriting with oriented man and ramen. ADVT. steers 34 fo 35, medium 32 to 33.50. Good heifers 31 to 32, medium 29 to 30.50. Good cows 25.50 to 26.50, medium 23.75 to 25, canners and cutters 19 to 23.50. Good bulls 27 to 30. Replacement cattle were in short supply, selling fully steady. No stock calves were offered. Food feeder steers more than 750 pounds 34.50 to 37.90. Good feeder heifers 31 to 32.50. Hogs base price 34.60. Award Winner A. A. (Shorty) HERINGER Mr. Keith Bickerlon, Area Manager of Engineered Homes, Lelhbridge is plea- sed to announce that Mr. Heringer wcs Runner-Up For Engineered Home Sales across Canada for the month of June, 1972. Mr. Heringer Is a very worthy recipient of the bonus prize with new homo salet in cesi of for that month. Monday, July H 1972 _ THE LETHMIDGE HfUlD 13 ;No sweat' on pipeline says energy minister OTTAWA (CP) Energy Minister Donald Macdonald re- turned home Saturday night from an eight-day tour of the Western Arctic, convinced that the critical problem facing the proposed gas pipeline in the North was its financing. He said in an interview he foresaw no insurmountable problems arising from the view- point of technical feasibility, the environment, or native rights. "But there is going to have to be some tough calculations as to lit. cost of building he said. There are estimates it will cost up to billion to build the line, which will be capable of carrying three billion cubic feet of natural gas from Alaska and the Mackenzie Delta to southern markets. One government guideline says there must be majority Ca- nadian ownership in the line. Mr. Mp.cdonald said his visits to pipeline testing facilities in the Arctic indicated that engi- n e e r i n g and environmental problems were solved. The sites are operated by the Gas Arctic- Northwest Project Group, the consortium of major oil and gas companies. The group expects to apply for permission to build the line early next year. CAN SOLVE PROBLEM 'My impression was that they were satisfied that they could build the he said. "For example, at Norman Wells and Sans Sault (testing while there were indications that permafrost was a problem, they said they could handle it. "It was just going to take a little care in doing it." The touchy problem of cross- ing rivers could either be met by the traditional southern method of trenching, or the line could in effect "hang over the tops of rivers in slings." "It seems to me from what we saw that the line can be built without severe damage to the environment, either by slump- ing of the permafrost or risk to the habitat of he said. The test sites have shown that where the line is buried in permafrost, the companies would be able to seed grass on top ot it, restoring its green cover. The question of native rights also popped up during Mr. Mac- dorrald's trip to Inuvik. Father Joseph Adam, a .Roman Catho- lic missionary who has spent 35 years in the North, warned that the Indians might blow up the line unless their rights were re- spected. Mr. Macdonald said lie didn't think the statement was well- considered nor representative of the mood of the people. SEES NO VIOLENCE He referred to his observa- tions while attending the Eski- mos games in Inuvik, which were contested by northerners from most Arctic settlements. "I found them a good-natured and well-adjusted community and one that didn't strike me as would lend itself to he said. He also found no hostility In the talks he had with native spokesmen. But he noted that the question of native rights was the respon- sibility of Indian Affairs Minis- ter Jean Chretien. Mr. Macdonald also predicted that the transportation corridor envisaged by the government would contain only Uia gas lint and tho Mackenzie highway in this decade, along with thi power lines needed for the line. Later perhaps would come tha power grid for northern com- munities, an oil line and a rail- way. Mounties wounded in B.C. shooting PRINCE RUPERT, B.C. (CP) The names of two wounded RCMP constables and a suspect in a shooting incident were re- leased Sunday by Prince Rupert RCMP. The identily of a man killed in Ihe same incident was withheld. The dead man, a 21-year-old civilian, died in Prince Rupert hospital Saturday from a gun- shot wound in the stomach. He was shot by a high-powered rifle. Constable Robert M. Thorn- her, 30, of Victoria is suffering from a wound to his left elliow. Constable Jerry K. Wilde, 20, of Earl Grey, Sask., suffered wounds lo Ihe chest and face. Both men were flown to a Vancouver hospital Saturday night by a United States air-sea rescue helicopter from Alaska. Their condition's reported not to be serious. Prince Rupert RCMP said Richard Janauer, 25, was to ap- 'Gotor bites LAKE WORTH, Fla. (Reuler) A L2-year-old boy attacked by a 14-foot alligator was reported in fair condition here. He was the second child bitten by an alligator in south Florida in the last two weeks. pear in court today charged with non-capital murder and at- tempted murder. Witnesses to he shooting Inci- dent say about five shots were fired, One killed a dog. fired. One killed dog. ByGeneFaweetle etecrffotttc A TINV DESK-TOP DIGITAL COMPUTER HAS BEEN DE- FORCREArjNS MUSIC. ITHASSWITCHES FDR BASIC MELODIES AND OTHERS FOR VARYING THETHEME, EACH WITH 40 DIFFERENT VOLUME, PITCH AND TEMPO CONTROLS.., 14 TMUJW POSSIBLE NGTf COMBIHATIOHS-SOir WITHOUT KePfTlTION! ROYAL BANK AGRICULTURIST Applicoiions are invited for a posilion as a member of iho professional staff of our Agricullural Department. The luc- cessful candidate will parlicipofe in furihering the develop, merit and operalion of ihe'bonk's services lo Ihe agricullural Industry in Alberto. QUALIFICATIONS SALARY _Fully commensurate wilh qualificoliom and experience. Thou interested please submit complete resume in confidence loi B. K. Wenhler Employment Officer P- O. Bag Service 2534 Calgary, Alberta HOMESHED SPACEMAKER GARDEN PORTS Completely Erected EXCLUSIVE FEATURES Floor steel reinforced select plywood; Paint -fully galvanized super tough vinyl finished inside and out; Doors ball bearing rollers for easiest operation; Threshold heavy galvanized threshold included in all buildings; Roof Beam extra heavy steel beam in roof, supports any snow load; Eaveslrough eaves- trough wilh plaslic R protectors; Wall and Roof (Heavy Duty Steel) wall and roof baltens overlap and interlock for appearance, easy conslruclion and strength; locks padlock included in. all buildings. "THE ROSEDALE" Inside 96" W x 56" D x 72" H; Oulside 108" W x 84" D x H; Door Opening 41" x 25 cu. ft. completed erected. Limited Quantify. Reg. 159.95 "CHARGEX" OR USE YOUR CRESTLINE BUDGET ACCOUNT CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 or 327-5110 ;