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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 25, 1972, Lethbridge, Alberta Tuaidtry, July 55, 1971 THI LETHMIDGE HB1AID 13 iii -mx Stronger trend at mid-morning TORONTO (CP) All major lectors of the Toronto stock market moved higher for the fourth consecutive session in moderate mid-morning trading today. The Industrial Index was up .86 to 204.04, golds .75 to 213.34, base metals .23 to 92.40 and western oils 1.63 to 238.33. Volume by 11 a.m. was shares, up from at the same time Monday. Advances outnumbered de- clines by about two-to-one, 151 lo 7C, wilh 1% issues un- changed. Sectors of the market wlu'ch registered broad advances in- cluded beverage, oil refining, paper and forest, steel and mer- chandising issues while pipeline, utility, real estate and construc- tion and materials stocks edged fractionally lower. Chrysler was up HI lo Falconbridge 1% to Rank lo Gulf Oil lo 535V6, MacMillan Bloedel to and Dofasco to Imperial Oil rose to Alcan Vi to Numac Va to and Kerr Addison 10 cents to Royal Trust lost lo Occidental Pete '4 lo Mclntyre Vt to Pan Ocean lo Home Oil B lo and Patino >A to MONTREAL advanced in all sectors In light trading on the Montreal slock market today. On index, industrials gained 1.89 to 219.55, utilities .14 to banks 1.04 to 262.98, the composile 1.46 lo 212.62 and pa- pers 2.41 to 94.60. Combined volume on the Montreal and Canadian Stock Exchanges at 11 a.m. was shares compared with at the same time Mon. day. In gains on Ihe Montreal Stock Exchange, Falconbridge Nickel rose to Mac- Millan-BIoedel 1 to Dome Petroleum 1 to Readers Digest to Southam to and Union Carbide to In MSE losses, Rapid Data Systems lost IVa to Banque Provinclale du Canada Vi to Canada Cement La- farge to National Sea Products .'A to and Rio Algom V Can South Cdn EK Gas Cdn Homesid Cdn Ind Gai Oil Cdn Super Cdn Long li Chnrler Chleflan Dome Gt Plains Gt Cdn Oil Lochlel North Cdn Oil Numnc 'Pancdn Pan Ocian Pelrgl Pinnaclft Place GBI Ponder Ranger Scurry Rain Spooner Scibeni Total Ulster W. West Pele MISCELLANEOUS INDUSTRIES Aqultaine Drlnco Cdn Brew A Cdn Brew B Cdn Pacific In Crowsnesf Ind Cygnus A Cyqnus B Fa'lcon C Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay Pfd Hugh Russell Husky Oil 5.22 J.74 J.7B 6.35 4.92 S.40 6.76 7.04 7.47 B.I4 551 4.05 B.ll 9.69 10.62 6.65 Copper Rainier sandwell ToledynB West Cdn SMrf While Yukon WesHleld CALGARY Acroll -50 311.25 Barons ON .04 7.00 Madison .11 1.41 North Cofif .02 5.13 West Warner 39 16.35 PIPE LINE STOCKS 13.75 Alia CBS A S4.7J 11.1714 AIM Gas Pfd 73.62M LIB Alia Nat Gai 20.53 inland Na.- Gal 15.75 .77 N and C Gas 11.87W N and C B Pfd 24.50 Pacific Trans 12.50 Gaz Metro 5.00 GBZ Mclro A 70.25 Trans Cda Plpa -15.50 Trans Cda B Trans Cda A 83.25 Trans Cda War 13.50 WC Trans 27.75 WC Trans Wts 9.15 MUTUAL FUNDS valley Copper All'Cdn Com fl.39 9-17 Wc Res 9.2510.11 luniiCTIIIAI 4.12 4.62 inuublHifli (5.63 7.28 Block Bros 3.51 B.C. Sugar 5.06 5.55 B.C. Sugnr Pld 6.85 7.52 Capf Inler lii.36 15.B8 Columbia Brew ___ 3.9! 4.31 cresfbrook For Ind 3-75 7.79 8.56 Hys 3.30 6.10 6.67 Key Indust .65 5.19 5.67 Padlic W Air 22.75 1712'A Dreyfus F U.S. 12.95 14.19 Stampede !nll Res .84 d3 00 Gr In Shares 4.20 4.62 OILS 5250 Gr Equity B.03 8.82 Albany Oil .61 3i'50 In Gr F 1226 Plains Pele .21 H37'A Invest Mulual 5.BO West Explor .W .54 18.75 13.75 .GO 10.75 6.55 l.M 5.30 8.75 Cdn DlVld 59.75 All Cdn Vent 36.00 Amr Gr F 25.25 AGF Special 28.50 Cdn In F 4.90 col Mutual 5.12ft Cmnw Inler ll.B7Va Cmnw Lev 14.00 Cmnw Vent 32.75 Corp In 31.50 Corp In Bath Norsa Brenda Brycon Churchill Cjpper Croydcn Davenport Darkoe Dolly Vnrden DynJsty Equllorlal For, Reliance Mustot Graisle Lornex uyiim Mlnerali primer pyramla standard Texmonl 7.35 7.75 5.0 .12Vi 1.28 3.40 21.00 15.50 4.45 3.50 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) MINES a.m. Quoles) e.m. Quoleil Acma Advocala Asb. Akailcho Bralorne Broulan Brunswick Cassiar Cnnlral Pal. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Denison Mines Deer Horn D'Eldona Dome Mines Discovery East Malarlic East Sullivan Falconbrldgo Frobex First Marl Giant Y.K. Bovis Granduc Headway R L Holllnger Hudson Boy MS Hydra Ex. Iron Bay Iso Jollet Quebec Kerr Add i son Key An acon Labrador Lake Shore Madsen R.L. Malarlic G.F. Martin McNeely Maclntyre Mcta Midrim Intern Mogul Nu West Homes New Calumet Whito HorsB Noranda Norlhgnlt Norlex Oslsko Pine PolnT .34 1.55 .56 2.01 -33 3.80 IrJ.OQ 1.35 1.02 fi.90 1.J2 2 7. 1. 31. 0 Placer Dev. Quebec Man Rayrock Radiore Rio Algom Roman Corp. SherrlH Gordon Sliver Miller Steep Rock Tek Corp. Texmonl Upper Canada Western Mines Wright Har. Wiliroy Windfall Zen mac Yellowknifo 2 Gen Molors Grt Lukes Pp GUlf Oil Cda .23 Greyhound ,6.75 Hawker Sid 7.75 Hur Erie ,d.50 Hirnm Walker Imp Oil 1.90 ImascB 4.50 Int Nickel .J5 Int Pipe Inv Grp A Int Ulil Ind Accept Laurenllde Kelly Doug A LMh Loblav; A Mel Stores Massey Fero 21.00 McMillan Bloa H.87Vi Moore Corp 13.CO A 6.00 Molsons B 13.25 Norlh B- Cent Power Corp 21.75 Price Co 61.35 Rclhmans 12 l.Od 2.61 3.15 1.20 1.15 .12 .12 INDUSTRIALS 74. i Ablllbl Alcan 2.60 Aigoma Sled 2.32 Alco Ind AllanMc Sugar .29 Agra Ind .58 Bell Tel Brazilian Tree 2.30 B.C. Tel 3.30 Burns u 50 Saiada hoods .06 B.C Forest 20.25 51- Law Corn '40.00 B.C. Sugar 21.00 Shell CDA BOW Val Ind 32.75 Simpson's .20 CAE Ind 7-75 Simp Sears a.iO Cdn Brew 7.50 Sleel ol Cda l.BO Col Cell 4.15 Selkirk A .22ft Calgary Pow Texaco 9.45 Coron Credll 1-45 Traders Grp A .21 C.W H. Gas Pfd 11.00 Trans Min PD a.IS Crin Ind 16.12'A Trans Cda Pp 3.35 Cdn Marconi 4.60 Union Gas .56 Cdn Vickers 10.75 Union Oil .BB Chrysler 32.00 Versatile Mfg .11 Cominco 27.75 Westeel 50.50 Cons Bath u'ro Union car .11 Cons Gas 17.50 Weslon's B -15 Cygnus Pfd Woodward's A_ Dom Bridge Domlar Dom Textile Dom Stores Dome Peta .27ft Dofasco .26 Cable 30.75 Grt Cdn OH 7.35 37.00 5.60 30.25 Zenith Elcc 14. 62 'A BANKS 31.25 lv T6.65Vi Cdn lrnP 75.03 Montreal Nova Scotia 21-75 Royal 7.20 Tor-Dom 73.75 16.75 ft 4.30 78.25 39.00 24.25 30.12 W 39.00 B.SO 19.00 13.25 7.62ft 4.35 7.00 21 00 15.25 27.25 2B.75 2B.K1 11.75 12.M S.OO' 20.00 46.00 25.75 lfl.50 34.50 24.25 50.50 IB.OO 23.12'A 45.50 13.12ft -17.50 6.75 19.25 17.62ft 83-00 29.00 6.00 3.UJ 27'K) 20.25 37.00 New Yorti stocks (Supplied By Richardson Sccnrlrles of Canada) Amr T end T Anaconda Belh Steel Chrysler Duponl GM Gulf Int Harvester Kenn Copper Sears Sid Oil of N.J. lB.B7Vi Texas Gulf 30.00 Texas Co 32.75 Wlckes Corp 16S.50 Woolworlh WeslInghouM Else U.S. Steel 29.25 Gen Tel Elec 27.25 75.50 W Golds 213.S2 up 17.1216 10 Base Mel 72.70 up .53 32.25 15 W Oils 23B.47 up 1.77 34.75 Volume 36.i2VSNEW YORK AVERAGES 30 Indusf 940.70 up 5.34 20 Rails 233.60 up -li 15 Utilities 104.53 off .16 22.50 TORONTO AVERAGES 65 Slocks 310.79 up 1.00 20 Indust 30179 up 1.11 Volume Livestock report Lethbridge Livestock Monday sales 750 hogs. All classes oE weaner and leeder hogs met keen demand. Weaner hogs sold 3 dollars per head higher. Light feeders under 100 Ib. 1 to 2 dollars higher. Heavy feeders over 100 Ib. 2 dollars or more higher. Weaners 16% to 22y4. Light feeders under 100 Ib. 24 to 3414. Heavy feeders 100 130 Ib. 32 to 36. Heavy feeders over 130 Ib. 30.50 to 40.75. All prices per head. Light feeders under 100 Ib. sold from 31 to 36 cwt. Heavy feeders under 100 Ib. 29 to 32 cwt. Bred guilts 65 to 70 dollars per head. Boars 65 to 120 head. dollars per Butcher hogs sold Monday at the" Lethbridge yards 33.75 to 34 base price. There were 125 hogs sold for export, price converted to 26.95 live weight. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. pro- vided by the Alberta Hog Producers' marketing board: Edmonton 33.S5; average Monday 33.81. Red Deer 33.05; average Mon- day 33.90. Calgary 33.65; average Mon- day 33.71. Lethbridge no sales; average Monday 33.86. 84.9 million bushels exported during June WINNIPEG (CP) Exports of the six principal grains for the month ended Juno 30 total- led 84.0 million bushels, the Ca- nadian Grain Commission said Monday. The commission said the total, while fractionally below May shipments of 8D.O million bushels compared with 596.8 million for the same period In the last crop year. Overseas clearances of Ca- nadian wheat totalled 35.1 mil- lion bushels, up from the 31.1 million of May but a decline from 41.3 during June, 1971. The principal destinations were China, Russia and Britain. Durum exports totalled 10.4 million bushels, an mcrease from May's 8.2 million end the 6.5 million of June Isat year. Oal3 and barley exports totalled million (1.1 million respectively, both down from tho previous month. Overseas shipments of rya amounted to bushels, a decline from tho 1.4 million bushels exported both last month and in June, 1971. Flax and rapeseed clear- ances were both well below tha levels of last month and slight- ly below tile totah of tho same, month last year. Agro ministers probe inter-provincial accord HALIFAX CP) Specific problems related to provincial farming policies and areas of inter-provincial co-operation were expected to come under discussion here today during the second day of the annual confer- ence of Canadian agriculture ministers. During opening sessions of the three-day conference Monday the ministers agreed "that in- creased market development and increased farm income are essential to the establishment of greatly needed stability in the agricultural Industry." J. R. Messer, Saskatchewan's Swathing starts in southeast CALGARY (CP) Most areas of Alberta had some rainfall during the last week but the crop condition index remained basically unchanged from the previous week, the Alberta Wheat Pool said Mon- day. The Pool, In its weekly crop report, said the condition index of both wheat and barley re- mained the same at 88 per cent and 92 per cent respective- ly. The swathing of rye and win- ter wheat has started in the southeast and barley may be ready for swathing within the next 10 days. Northeast of Brooks, rain helped but frost in in the Sedalla area added to the damage brought by drought. Along (he foothills and north of Calgary the crops remain in good condition although retard- ed by cool weather. In the Edmonton area crops are good although damaging hail was reported in the Morin- ville area, The Peace River area of UK northwest is generally good al- though there still are some dry areas. The Pool said reports of Ber- tha Army Worms had been re- ceived from the Morinville and Nampa areas and may be a problem in other areas as the summer progresses. The province's over-all mois- ture condition was 78 per cent of normal. Foreign aid bill gets bitter defeat WASHINGTON (AP) After voting for the first time to force U.S. withdrawal from Indo china, the Senate has killed the military foreign aid bill to which the pulloul provision was attached. In the last of 10 votes tha stretched into late Monday night, the aid au thorization was defeated 40 to 42. By a 50-to-45 margin, senators voted to cut off funds for U.S. combat operations in Vietnam, Laos and Cambodia in four months, provided American war prisoners were released. Hepublican Leader Hugh Scott said such an amendment would "not help the chances for peace or Paris." the negotiations in The aid bill was the first step in continuing for this fiscal year the U.S. military-air program for friendly nations. But the Se- nate vote does not necessarily mean the program is dead. The House of Representatives has yet to act on a imlitary-aid authorization; it could send the Senale another version to consi- der. Or the Senate foreign rela- tions committee could report U.K. men tour Western Canadian rapeseed oil plant, nation's best A British edible oil Industry delegation was in Lethbridge today on a cross-counlry look at the Canadian vegetable oil nduslry. They loured the Western Canadian Seed Processors Ltd. rapeseed oil plant at 2nd Avc. A and 28th St. N. this morning. The Lethhridgo plant, which processes 500 tons of raposecd a day from growers under contract in Alberta nnd Saskat- chewan, is (ho largest inlc- jralcd vegetable oil plant in Danadn. It produces salad oil, margnr- nc, shortening, salnd dressing and mayonnaise, and rapeseed meal that is used In livestock ced manufacturing. The delegation is accompan- ed by officials of the federal government department of in- lustry, Irado find commerce. It los already visllcd parts of On- larlo, Winnipeg and Saskatoon and will Ro to British Columbia [rom here. The delegation Includes: Desmond Bird, chief executive ot the Compound Animal Fced- inp Stuffs Manufacturers Na- tional Association; M. F. Fos- ter, managing director, Premier Division of Croda International Ltd.; A. L. Howie, director, Robert Howie and Sons, presi- dent of (ho Commercial Ani- mal Feeding Stuffs Maraifac- turcrs National Assn.; Henry Jarrctt, commercial director, Liverpool Central Oil Co. Ltd., director of Oriel Foods Distri- butors Ltd.; Dr. Brian Laws, mnnagcr of poultry nnd rnw material services, Pmils and Whites Foods Lid.; J. C. G. Nisbel, commercial develop- ment mnuaper, van den Berths and Jnrgonis; E' B. Taylor, commercial mauagcr of J. Bid- dy Food Products Ltd. and chairman, Brilish Association of Seed Crushers, Edible Oil Refiners and Hydrogenators; Jack Walton, purchasing direc- tor of Peerless Refining Co. (Liverpool) Ltd. nnd Liverpool chairman of the Federation of Oil, Seeds and Fats Assn. Ltd. The Canadian government trade department officials were: G. D. Cooper, commer- cial officer for agriculture wilh tho London offico and Herb Armstrong, commodity officer will) tho government's grains group. Tho delegation paid particul- ar ntlcntion lo the machinery and techniques used in crush- ing, refining and finishing rnpc- sccd oil nt Western Canadian. The LcUihridRo plant is to double seed handling capacity to Ions a day by this fall. Tho lour is a followup lo n British delegation visit in another aid bill for Senate con. sideralion. Late last year, the Senate de- feated the economic foreign aid measure for fiscal 1972, only to see it revived in an llth-hour compromise with the House. Backers of the cnd-tho-war amendment have vowed to renew the fight. Their next ef. fort will be to attach the amend- ment to the defence department procurement bill now being de- bated by the Senate. In recent months the Senate has gone on record several times against continuation of the war, but never has either bouse voted to cut off money for the fighting. The aid bill was defeated by an unusual coalition of conserv- atives and liberals. Twenty- eight Democrats and 14 Repub- licans voted for the measure; 19 Democrats and 29 Republicans opposed it. Neonex holdings increased VANCOUVER (CP) James A. Patlison, chairman of Great Pacific Industries Ltd, an- nounced here the company lias purchased shares of fieoncx International Ltd., rais- ng its total holdings in Neonex to shares. The company said in a state- ment that GPI makes the an- louncement to comply wilh 'insider trading as it now holds in excess of 10 per cent of the Neonex stock outstanding. Great Pacific Industries, n mblic company In the car and nick Icnsc-renlal field, has sales locations and service cen- res In Toronto, Calgary and Vancouver. Beef futures WINNIPEG beef ulurcs nt close Monday: Scp Nov M.75N; Mar M.OON. Friday's volume: Four con- tracts. minister, said following Mon- day's closed-door meeting that the groundwork was laid for dis- cussion on particular farming problems. "We should get down to seri- ous discussions on specific is- sues the western minis- ter said. A number of position papers on inter-provincial co-operation and marketing prospects in the domestic and international fields were presented Monday. SEEK CO-OPERATION Dr. William Gillis, Nova Sco- tia's minister of agriculture, told reporters that the provinces would seek the co-operation ct the federal government in de- veloping uniform marketing pol- icies for the provinces. He said there was a need for co-ordinated producer market- ing boards across the country to control prices and market activ- ities of farm products. The joint statement Issued by the ministers Monday said: "The ministers and deputies, alter considerable discussion, expressed grave concern about the acceleration of farm Input costs, including the cost of ma- chinery, and the effect this is having on the net income pic- ture of today's farmer." Dr. Gillies said the provinces might seek financial assistance from Ottawa lo help counter production costs of Canadian farmers. Tho federal govern- ment would also be asked to as- sisl Ihe provinces in developing new markets for farm products. H. A. (Bud) Olson, the federal agriculture minister, was sched- uled to arrive here today and join the provincial ministers for talks tonight and Wednesday. Dr. Gillies said the federal minister would be asked to con- sider the points raised by the provincial ministers in their talks. Nine of the 10 provincial min- isters are attending the confer- ence. Newfoundland's Minister, C. W. Doody, is represented by his deputy, G. J. O'Reilly. Edmonton Tel right to serve city EDMONTON (CP) Tha provincial government has agreed to allow Edmonton Tel- ephones to provide service wifh- in the city's present and future boundaries, a special meeting of city council was told Mon- day. But the province was not will- ing to give the city-owned sys- tem a share of toll revenue for long-distance calls originating and ending in Edmonton. Alberta Government Tele- phones and Edmonton Tele- phones have been arguing for several years over which sys- lem should service new sub- divisions. A mediation committee pre- viously recommended that the best long-term solution would be for ACT lo take over Ed- monton Telephones, e i t h er through sale, or lease. The lalcsl agreement was worked out by city and provin- cial negotiating committees. OFFICE SPACE FOR RENT Suitable For Medical Offices AVAILABLE AUGUST 1st Applyi Pahulje Construction Ltd. 2618 S. Parksldo Drlv. Phone ;