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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 27, 1972, Lethbridge, Alberta 22 THE IETHBRIDGE HERALD Ti.undoy, July 17, 1572 Little trend evident today Housing loans aid rural areas Ocean mammals EDMONTON i nil-ill purls of Iliu province, lonii regulations under the Albcrlii Housing Act will bene- fit (lie economic well-being of Australian purebreds TORONTO (CH Industrial issues higher while1 prices in most other major sectors of the Toronto slnc-k market moved lower in moderate mid- morning trading oday. Atco Industries climbed to S13'j. Corporate Foods to SO. Bankeno 15 cents to S7.30. Can- ada Soul hem Pete 10 cents to S6.IO and Gianl Mascot cents to Dctno Pc'Ic dropped "s- In Mattagami to Simp- sons 12 Lo Pamour Porcu- pine 15 cents lo 53.05 and Dick- enson 10 cents lo S2.70. trading on Ihe Montreal stock market today. On the Canadian Stock Ex- change, Ilambro Corp. gained 1'i to while Panacan Re- sources was off 2'i cents lo 2n cenls on a volume of 0.500 .shares traded. NEW YORK (AP) Declines five in slocks of companies wilh dis- appointing earnings reports or negative news developments pressed the stock market lower today. Trading was slow. The noon Dow Jones average of 30 industrial stocks was off .23 at 832.34. Declines led advances coming George Topoliiisky, minisler re- sponsible for rural (Icvclop- mrat, said Wednesday Mr. Topolinsky was com- inenling in a statement on an onler-in-council passed by the pruviuciiil cabinet to ratcmj raorlgaRu funds from lire M- bcrla Housing Corp. to build- ers. Previously, the funds were only available to individuals. "This will assist the depart- ment of industry's efforts to bring new industries to smaller centres because it will allevi- ate the problem of suitable ac- commodation for he said. The regulations were amend- MONTREAL (CP) Prices moved higher in all sectors ex- cept industrials in light morning [raded ?n the New York stock i Exchange. Among Canadians, Mclntyre was down 1 to Seagram '.i to S39Vz, Walker-Gooderham Ji to and Alcan u to S21'i. Genstar advanced Lo S15 and Canadian Pacific Vs to S157fi. On Ihe American Stock Ex- CALGARY (CP) Alberla is expected lo receive about in of the first 42 purebred Aus-1 tralian cattle ever shipped lo j AI Canada. The animals are scheduled lo arrive in Edmonlon by air next week. The other 24 animals will go to Ontario a.nd British Col- umbia. Four other shipments, com- prising a total of 250 animals, are to be made by the end of August next year, says a i spokesman for the Murray b-v Grey Cattle Association, about 0 to 5 among issues Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherly. McCuiiig Limited) LAST RID OK SALE Beef lulures WINNIPEG beef futures at close VTednesdaj: Sep 35.20B; Nov. 34.50 B; Jan f change, Preston climbed Tuesday's volume: No con-, sio's, Scurry-Rainbow '4 tracts. I S14V4 and Brascan to RECAPTURED DRUMHELLER (CP) Three youths escaped From the medium-security peniten- tiary were recaptured Wednes- day night after less than five hours of freedom. They got way by cutting through a to j fence. They were found near to j a farm seven miles east of 1 Drumheller. a.m. Quolcs) WESTERN OILS incx 6.OS Alto East Ga: Ashland DP Oil Gas Can South Cdn Ex Gas Cdn Homosld Cdn ind Gas Oil CiJn Super Cdn Long Charter Chicflan Dome Pete Gt Gl Cdn Oil Locnicl Norlh CcJn Oil Nurnac Pnncdn Pele Pan Ocean Quoiesi Musky Oil 15.25 Husky Oil B Pld JI 01 7.25 HusKy Oil War 4.65 16.00 Inter Prov pipe 12.75 Inter Prov sieel UB71; Kaiser Res 3.0n A.OH MGF Manage 3.95 3.20 Pacific Pete 3V. 62'A 7.65 Rainier j.H'-i 10 25 Sandwell 3.75 32 West Cdn Seed VO Wnile Yukon 13.25 Wcsltield 1.18 CALGARY 9.01) 36.00 30.12' 715 1.44 5.20 -oil .50 Oil Madison .11 Ncrtn Cent .0; West Warner .3! 1375 PIPE LINE STOCKS Alta Gas A 5625 a.m. Quotes) Inv Mulufll 5.B5 i Mutual Accum 5-98 Mul Gr Fund Nat Resource! NW Finance NW Growth Prin Growlh Royfuncl Temp Growth Un Accum Unlv Savings Vanguard __ VANCOUVER MINES Afton AUfls Both Norse Brenda Brycon Church Copper Croyden cd to the corpuralion's ceiling on its direct lending pro- gram on new houses lo from tlic previous fut.OOU. 5.13 5.6 7.2.1 7.9 5.27 5.7 i.79 6.3 4.93 5.4 A.B3 7.52 8.2 5.5J 8.13 B.9 9.42 nacle Think just because the meat in your freezer feels hard, it's frozen? Then how come the ice cream is soft? Riddles? Nol really. Fact is your meat is not thoroughly frozen. Only ihe outer surface is encased in hard layers of frozen moisture. Moisture which has partially thawed and refrozen. every time you've opened the door oi an ordinary refrigerator. To keep your food thoroughly frozen. Safe. Bacteria-free. And to preserve its precious nutrients, you need the temperature of our Coldspot Frostless refrigerator. Its special, extra reserve of cold acts as a shield, to keep warm air out. Guarantees rapid temperature recovery, every time you open the freezer door. And because this Coldspot is completely frostless, you never defrost againl 13.7 cu. ft. Frostless Coldspot refrigerator Now S309 White Color Extra SIMPSONS-SEARS Qiialily Cos-Is No iMoro Al Simpsons-Soars STORE Open Dally 9 a.m. lo 5.30 p.m., nnd Friday 9 a.m. lo 9 p.n Cnnlro Tolophono .176-9231, Plac Ponder Ranger Scurry Ram Sptwner ,eo Tclal 6.40 Ulster W. Decalfa 5.35 Wesl Pac 8.75 MISCELLANEOUS INDUSTRIES Aquilaine 35.50 Br .5? 19 00 13.75 Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnest Ind Cygnus A Cygnus B Falcon Copper Genstar Home A Hoi 4.25 30.00 36.011 25.50 Aila Gas Pref Alia Naf Gas Inland Nal Gas N and C Gas N and C D Pfd Pacific Trans Gaz Metro Gai Metro A Trans Cda Pipe Trans Cda B Trans Cda A Trans Cda War WC Trans WC Trans WIs MUTUAL FUNDS All Cdn Com 8.29 All Cdn Dlvi 9.U All Cdn Vent J.23 Amer Gr Fd 6.61 AGF Spec 3.53 Cdn In Fund Coll Mulual arden 4.8.5 7.JO 7.60 2.01 Vai 15.50 Dynasty II Equitorisl 5500 Fort Reliance II'IE Giant Mascot "to Granlsle 70'oQ Larnex 4575 Lylton Minerals m oo Primer 84.62V, Pyramid UOO Sllver Slafl 27 75 Texmonl n'nri Trojan .IS Valley Copper P.25 ,oa Weslcwsl Res .05 .9? INDUSTRIAL .62 Block Brothers 3-50 fi.96 B.C. Sugar F 5.57 Cap Inter 7.53 Col Brewing Hud Bay Co Hud Bay Oil Hus Bay Oil Pld 53.50 Hugh Russell 35.25 11.75 Ccmm Lever 3.94 4.33 Hys Comm Vent 7.83 8.60 Key Industries 31.B7'.'a Corp Invest 6.13 6.69 Pac Wesl Air 3l.37Vj Corp In SI Fd 5.21 5.70 Stam Inl'l ROE 16.75 Drey Fd U.S. J2.B? OILS J4.00 Gr In Shares 4.2J Allwny Oil Equity 808 662 Plains Pcle Gr Fund 12.39 13.35 West Explor 15.50 J.35 3.60 4.00 3.25 Toronto mines, industrials (Supplied By Richardson Secnrlllcs of Canada) LAST BID OR SALE a.m. auoiesi ;n-oo a.m. Quotes] :00 a.m. Quoles) MINES .35 Advocate Asb. Akailcho Bralorne Broulan Brunswick Cassiar Central Pal. Chimo Conwesf Cons. Rambler Coin Lake Cochenour Dickenson Denison Mines Deer Horn D'Eldona Dome Mines Discovery Easl MalarJic Falconbridge Frobex First Marill Gianl Y..K Bcvis Granduc R.L. Hollinger Hudson Ray MS Hydra Ex. Iron Bay Jcfiel Quebec Kerr Addison Key Anacon Labrador 1.55 .55 3.05 Quebec Man Rayrock Radiore Rio Algom Roman CorD. Sherrift Card Silver Miller 7.90 3.70 31.50 73.50 .75 2.35 59.25 .58 Upper Canada Weslern Mines Wright Har Vv'illroy Windfall 3 ,'a Zenmac INDUSTRIALS Abllibi Alcan Algoma Alco Ind Atlantic Sugar Agra Ind w Dell Tel B 00 B.C. Tel J.20 Burns 3.45 B.C. Foresf .nj B.C. Sugar 10.00 Bow Val Ind M 00 CAE ind Cdn 3.50 Calgary Pow 1.91 Col Cell Coron Credlj 9 in c.W N. Gas Pld .12 Grt Lakes Pp 1.10 Gulf Oil Cda -24 Greyhound 18.50 Hawker Sid 7.75 Hur 8, Erie Id 50 Hiram Walker imp Oil 1.83 Imasca Inf Nickel .J3 Int Pipe Inv Gro A in) Ulil Ind Accept Laurenllde Kelly Doug A Loeb Loblaw A Met SI ores Massey Fere 1. AS 3.20 1.17 1.12 Cdn Ind Cdn nl Madsen R.L Mfllerlic G.F. Martin McNedy Maclntyre Mela Midrirn Intern Moou! Nu West Horanda Worthgate Norlex OsisKo Pine Polnf Chrysler Cominco j Cons Bafh Cons Gas Dist Seagram1 Dem Bridge Domtar Dom Texlile 'r Dom Slnres Dome Pete i Dstesco Cable GM Cdn Oil WcWlfltn U.75 Moore Corp 12.87Vi Molstr.S A 5.67V2 Molscns B 13.50 North Cent 42.371'a Power Corp 61.50 Price Co 1-1.50 Rofhmans 20.50 Salada Foods 21 B7V> St. Law Corp 34.50 Shell CDA Simoson's Simp Sean S1eel of Cda Selkirk A Texaco Trans Mln Pp Trans Cda Pp d io Union Cos Union Oil 31.50 Versatile Mlg 28.00 Wcsleel 13.75 Union Car 17.75 Weston's B 36 62Vi Woodward's A 32.W Wesl Cdn Sted Zenilh Elec 3050 BANKS 1475 Cdn Imp T C0 Montreal rO Nova Scolla .50 Royal 7.20 Tor-Dom 7.00 7.50 25.50 4.10 1.55 11.12W 14.00 73.00 1625 3J.25 i.05 29.00 id.00 37.62Va 24.50 29.B7Vj 8.75 41.62' 19.75 7.37V; 4.25 7.00 21.12V; 1500 27.00 47.50 27.00 11 75 11.75 9.B7W J75 20.00 d5.50 25.62VJ 37.50 3J.75 7J.QO 51.25 23.25 d5.37i 13.37Va J2.50 6.50 20.75 17.75 83 00 5.87'A 3.10 2725 20.37 37.50 34.50 3J.50 Nctv York stocks Amr T and T Anaconda Belh Steel Chrysler Dupont General Motors Guir Int Harvester Kcnn Copper Sears (Supplied By Richardson Sccnrillcs of Canadi) 20 Golds 212.65 up 42.00 1B.OO 73.62V; 32.25 16650 74.00 23.00 37.B7'; 21.50 Wicks Corp Woolwcrlh V.'esl Eleclr U.5 Stee! General i ond E TORONTO AVERAGES 75.75 20 Golds 212.65 up 52 14.75 10 Base Mel 92.59 off .17 31.62V? 15 West Oils 237.54 off .39 Volume 36.75 NEW YORK AVERAGES 30 Ind 932.H off 73 2B.DO 30 Rails 228.86 off .44 26.50 15 Ulil I60.5S off 2fi 110.42'.'a 20 Ind 20-U2 up .32 65 Slocks 307.49 off .33 Soutliani Press profits rise TORONTO (CP) Southam Press Ltd. reports a 41.2-per- cent increase in net income [or Ihe first half and St. Clair Bal- OFFECE SPACE Suitable For Medical Offices AVAILABLE AUGUST 1st Apply: Pahulje Construction Ltd. 2618 S. Pnrkside Drive Phone 327-6747 four, Southam president, says propcrites acquired in ]971 made a "significant contribu- tion" to profits. Net income for the six months ended June 30 was or 521'! ccr'.s a common share this year compared with SJ.CIR.OOO bullfighters or cents a share last year. Livestock report Calgary livestock CALGARY (CP) Receipts on the Calgai-y livestock mar- ket lo 11 a.m.; about head, mostly slaughter steers and heifers. Trade was slow. Slaughter steers were 50 cents lower with sales to 34.70; heifers were 50 cenls lower; cows were down 75 cenls to wilh sales to 21- and bulls were barely steady. Choice slaughter steers 33.50 to 34.30, good 32.50 lo 33.50, me- dium 31.50 to 32.50. Choice heif- ers 31.25 to 31.90, good 30 to 31, medium 28.50 to 30. Good cows 24.75 to 25.50, medium 23 to 24.50, earners and cutlers IB to 22.50. Good bulls 27 to 28.75 Replacements were mainly short keep steers between 800 and 950 pounds and heifers 650 to 750 pounds selling at steady prices. No stock calves offered. Good feeder steers more than 750 pounds 33.50 to 36.50.' Good feeder heifers 31 to 32.70. Hogs base price 33.75. Refinery will meet standards OTTAWA (CP) Newfound- land Refining Co. Ltd., under a stop-building order from the federal government because a proposed refinery did not meet federal antf-pollution standards, has agreed lo every federal modification, it was learned here. A government spokesman said the company, building a re- finery at Come-by-Chance, had agreed in writing to every fed- eral stipulation regarding pollu- tion control. When Environment Minister Jack Davis threatened to stop construction of the project un- less federal anti-pollution stand- ards were met, it was estimated the changes Ottawa wanted would tack more than S5 million on to the estimated million cost of the refinery. Mr. Davis poised the slop-con- struction order over the refinery project, heavily supported by the former Liberal government of premier Joseph Smalhvood, last month. He immediately was accused by Conservative MPs of taking win protection WASHINGTON (AP) The Senate voted Wednesday to ban for 15 years Uie killing of whales, sea otters, dolphins and other ocean mammals and ban Ihe importing of products made from them. It approved, OH lo 2, a bill wliich ils sponsors say attempts Shipping costs leap CALGARY (CP) The cost of shipping grain from the Peace River country has been increased by between two and five cents a bushel because of the closure of the Alberta Re- sources Railway, the president of the Alberla Wheat Pool said Wednesday. G. L. Harrolcl said in a news release that the Alberla Re- sources Railway route to the west coast saved northern pro- ducers from Augusl, 1971, until floods washed out tracks last monlh. lo slccr n middle course he- l w e e n conservationists who u-oitld han (lie taking of all uch creatures and commercial inter- esls who fear a permanent ban will hurt fishing and other occu- palions, principally in Alaska and the Pacific Northwest. The bill gives the commerce secretary authority to issue spe- cial permils for scientific and commercial fishing purposes, cxemnls Alaska's Eskimo and native populations and includes other specific exceptions. The bill also exempts the tuna industry from the first two years of the 15-year morato- rium, giving tuna fishermen a special grace period in which to find ways of catching tuna that do not involve killing porpoises which feed on luna. The House of Representatives pj.s-ed a similar bill March 9, 1372. Grain prices Winnipeg Grain WINNIPEG (CP) Rape- seed prices advanced about four cents on strong, independ- j ent exporter buying at mid-ses- sion on the Winnipeg grain ex- change today Flax prices also posted good gains, mainly on a local and commission house trade with limited exporter interest, oats and barley were firm on domestic shipper business and rye was unchanged and dull. Wednesday's volume of trade was bushels of flax, 2, of rapeseed and of rye. MID-SESSION Flax: July 3 higher 2.91 Oct. 3 '.i higher Nov. 4 'A higher 2.93; Dec. 3 higher 2.80 Rapeseed Vancouver: Sept. 3 iji liigher 2.55 Nov. 4 higher 2.55 Jan. 4 Vz high- er 2.55B; March 4 higher 2.52 B. Rapeseed Thunder Bay: July 4 higher 2.42; Oct. 4 Vt high- er 2.45A; Nov. 3 higher 2.46; Dec. 1 -14 higher 2.38 'AS. Oats: July higher 71A; Oct. unchanged 72 %A; Dec. unchanged 72 Way un- changed 75 Barley: JuJy unchanged 1.14 A; Oct. V, higher 1.15 ViA; Dec. unchanged 1.15 14A; May Vt liigher 1.18 Rye: July unchanged 1.01 Vt A; Oct. lower 1.03 VjA; Dec. Close. the lumber to the firm only I unchanged 1-00 VjA; May un- after the Smalhvood govern- changed 1.03 %A. ment had been defeated and re- placed by Ihe Conservatives jnder Frank Moores. But Mr. Davis said after mak- ing the announcement June 27 :hat his department had been drying for 18 months to get pro- >er assurance from Newfound- and Refining that anti-pollution measures would he carried out at the site and had been unable to do so. In a telegram to Homer Grain quotes Wednesday (ba- sis High Low Flax Jly 2853a 287% 285 Va 279Vz 292 White, Newfoundland Refining president, Mr. Davis said lie nust be "assured in writing and by detailed plans and specifica- tions by July 19, 1972, that the required modifications wiU he mplementcd." Otherwise, the [overnmcul would issue an order to stop construction "at midnight, July 25, 1972." FIGHTERS MUST RETIRE MADRID (AP) Spain's 'Hot logs' VANCOUVER (CP) Fall- ers and sealers shut down tliree Vancouver area mills Tuesday and stepped up their pressure to prevent other fallcrs from returning to work. And about CO members of the International Woodworkers of America arc off the job today at two MacMillan Blocdel op- erations rear Port Allnrni on Vancouver Island in a dispute over what the union calls "hoi i logs." have lo retire i at 55 under a labor ministry decree published Monday. Only one aclive bullfighter. Antonio Bienvenida, is anywhere nej.r retirement. He is 51. Oct Nov 2883, Dec 283 U Rapeseed Vancouver Sep Nov 251% Jan 251 'A 245'i Mar 288V2 292 Wfi't 283Va 252 248 Rapeseed Thunder Bay Jly Oct Nov Dec 238' 241 Vi 242 256'R 232 23514 236K, 10 I-OCC5SI 'ft' at at i'on a 1003 4lh Avonuo S., Lcthbridgs Tolcphono 328-4426 f- cssina C By Gene Fawcettc SURFACE ADDING WALL SWITCHES NO LONGER REQUIRES CUT- TING INTO WALLS OR POKING CABLES THROUGH STUDS. A NEW OM-THE-WALL SYSTEM USES SUPER-THIN SELF-ST1CK- INSCONDUCTOR STRIPS HID- DEN BYWINTOR WALLPAPER AND A PUSHBUTTON SWITCH... Jly 7] 70 Oct Dcr Barley Jly Oct HS-IH 115' Dec May Itye Jly Oct Dec May 115 72'.i 114 101'i 1021; Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers, Marketing Board: Edmonlon 33.D5; average Wednesday 33.66. Red Deer 33.80, average Wed- nesday 3.1.62. Calgary 33.75; average Wed- nesday 33.G3. Lethbridge nil; average Wed- nesday 33.78. LloydminstCT nil; average Wednesday 32.90. Fort Macleod nil; average Wednesday 33.65. Grande Prairie nil; average Wednesday 32.80. Fairview nil; average Wed- nesday nil. Total hogs sold Total sold Wednesday Averags 33.64. Sows average 23.95. CHALET WINES LIMITED BOB tEGER Mr. Derek Haxcll, presi- dent of Chalel Wines limited of Calgary, announces the appoinlment of Mr. Bob Leger as Sales Manager of the com- pany. A nalive of Calgary, edu- cated in British Columbia, and formerly Alberla Sales Supervisor for Castle Wines limited. Bob leger is well acquainted with the western Canadian scene in which his new post will involve him. Now living in Calgary, he is active in Ihe Stampede City Kinsmen Club and in Calgary Nforlh Associaled Canadian Travellers. Chalel Wines Limited, pre- senlly engaged in the expan- sion of its Calgary winery, expecls thai increased pro- dudion capacity will, in the Future, enable Ihe company o enter western markels out- side of Alberla. ADVT. in Ihtrelo bin THE CANADIAN CO-OPERATIVE IMPLEMENTS LIMITED PIRST MORTGAGE BONDS Serin A lo in.iinri! .hint 1. 1975 S2.520.000 Srrici n lo m.llurr June 1. 118Z Salts C in manirt Junt I, 1992 lo ht djrcd of June I. 1972. Coop Implcmf nil CsrkKfun Co-operate Impfcrncnls L'mted livt Officn And WinniprK- Cnnidj ;