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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 3, 1974, Lethbridge, Alberta Monday, June THE LETHBRIDGE HERALD lerenle Halifai St JoHn't PracipitatibnK HOUSTON (AP) An American oil company says it has broken off talks with Ethiopian separatists who kidnapped five of the company's employees, in- cluding three Canadians. N. W. Freeman, chairman of Tenneco Inc., said in a statement Saturday that his company was withdrawing its negotiating team from Asmara, Ethiopia, because one person sent to retrieve the company's five employees last week was kidnapped and another was killed. The statement, made by Freeman in Athens, Greece, was released here. He said the latest killing and kidnapping came after mem- bers of- the Eritrean Liberation Front (ELF) had agreed in a letter to release the five Tenneco employees kidnapped in March after their aircraft crashed in Ethiopia. "When Tenneco complied with ELF request and dis- patched a helicopter (to pick up the the ELF not only kept the helicopter and pilot, but killed a Dutch missionary nurse and used the helicopter to kidnap an American nurse." Freeman said. The Dutch nurse who was killed was Anna Stickwerda. 54. The helicopter pilot is Grant Wyatt. 30. of Calgary. Wyatt. 30, is an employee of CanWest Aviation Ltd. of Cal- gary, as is the pilot captured earlier. Don Wederfprt. 27. Jonathan Pridie. president of the firm which has a trans- portation contract with Ten- neco. left Thursday for Ethiopia to attempt to negotiate the captives" release. Captured along with Weder- forl in March were four geolo- gists, including Cliff James. 27. of Walkerton. Ont. External Affairs Minister Mitchell Sharp said in Calgary Friday the Wyatt party was flying to pick up the captives but was "double-crossed." He .added, however, that he does not think the ELF intends to harm them. The newly-captured American nurse, Deborah Dortzbach, 24, is five months pregnant and in delicate health, her husband said. The Dortzbachs have been working for a year in an Ethiopian mission hospital. Idris Mohammed Adam, head of the ELF revolutionary council, said in a report from Addis Ababa Tuesday he would trade the five Tenneco captives for political prisoners held by the Ethiopian government. Freeman said in his state- ment that the company had met with every request by the ELF for iclease of the hostages. "We still do not know what they want or why they continue to hold the hostages." Pleads guilty WASHINGTpN (AP) Former presidential aide darles Colson pleaded guilty today to a charge that he led an attempt to influence the outcome of the 1971 trial of Daniel Ellsberg. a former Pentagon analyst who had been accused of leaking to the press the top-secret Pentagon papers on the Indochina war. RAINFALL HEAVY The wettest spot on the earth is Mount Waialeaie. Hawaii, with an average rainfall of 460 inches. Why pay an answering service when you can own your own? We have a machine to make sure you never lose another cent through a missed phone call or garbled message In fact, we have a whole line ol them They're called D-idaphone telephone answering sys- tems You can buy one outright OT possibly lease it tor about what you're paying an answering service now And it works tor you 24 hours a day Seven days a week For a 1ree brochure describing how much we can help you mail this coupon now Telephone Answering Systems 9 N.t. Medicine Hot. Alberto Photie 526-4713 MEO1CJNJHAT AJbfrlo Phone The Herald Business Industrial index up Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED Cooler temperatures Temperatures are expected to be below normal in most of Canada and near normal in the northern prairies over the next 30 days, according to the United States Weather Bureau. Precipitation is ex- pected to be above normal in most of Canada while northern Ontario, B.C. and the northern prairies ex- pect below normal precipitation. This outlook is not a specific forecast and changes may occur. Talks suspended with kidnappers WESTERN -AND Alton Albany Alta East BP Brenda Cda Cdn Ex Can Cdn Ind Gas Vi Cdn Long Cdn Chieltan V4 Dome Fort Giant Gibraltar Gt Gt Cdn Oil Lochiell Lytton Noble North Cdn Numac Oil Pancdn Pan Place Ranger Scurry Total Ulster United Westcoast West Acres 12 'A BC Sugar C Block Cdn Pac Inv A Carling O'Keefe A Carling O'Keefe B Comm Cap Crestbrook Falcon F and M Home Oil Home Oil Hud. Bay Hud Bay Hud Bay Oil A Hugh Russell C Husky Husky Oil B Husky Oil D Husky Oil E Interprov Pipe Interprov Steel Kaiser Kaiser Res Loblaw Co C Pacific Pacific West Pe-Ben Oilfield Rainer Roval Can bra Westfield Weston A White PIPELINE Alta Gas Trk Alta Gas Trk Alta Nat Gaz Inland Nat N and C N and C Gas B Pacific Gas Trans-Cda Trans-Cda Pipe A Trans-Cda B Trans-Cda WC WC Trans Barons N. Western Atlas Bathurst Dolly Equitorial Northair Silver Valley INDUSTRIALS Columbia Brewing 4.40 Key Industries .11 Wardair 1.62 OILS August Petroleum .33 Plains Pete. .14 Ponderay Explorations .70 Stampede Int'l Res .63 MUTUAL FUNDS All Cdn. Compound 5.37 5.84 All Cdn. Dividend 5.58 6.07 All Cdn. Ventures 2.95 3.21 Amer Growth Fund 4.14 4.55 A.G.F. Special 2.12 Cdn. Invest Fund 4.39 4.82 Collective Mutual 4.62 5.07 Corp. Investors 5.47 6.01 Corp Invest Stock Fund 4.10 4.51 Great Pacific 4.13 4.51 Growth Equity 5.92 Invest Growth Fund 10.70 11.69 Investors Mutual 5.11 5.59 Nat. Resources 4.09 4.44 N.W. Cdn. 4.91 5.39 N.W. Growth 4.08 4.48 Principal Growth 3.76 4.13 Provident Mutual 6.67 7.30 Royfund 5.99 6.24 United Accum 4.04 4.44 Universal Savings 7.05 7.75 Univest 5.44 5.98 Vanguard 5.18 5.68 Toronto mines, industrials (Supplied by Richardson Securities of "Canada) MINES Acme Advocate Asb. Akaitcno Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'EIdona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger Hudson Bay M8S Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shrre Langis Silver Madsen R.L. Malartic G.F. Martin McNeeiy Maclnlyre Mela Midrim Intern Mogul Nu West Ho.iies New Athona New Calumet Noranda Northgale Norlex Pine Point Placer Dev. Rayrock Rio Algom Roman Corp. Sherrrtl Gordon Sleep Hock Sunningdale TeV Corp A Tcxmonl United Canso Weslem Mines WH Copper Mines WngM Hargreaves Willroy Windfall YclloWkmte Bear Zenmac INDUSTRIALS Alcan Alooma Steel Alco Ind Agra Infl Sell Tel Brascan A SC Tel Forest Sugar A Valley Ind Ind O'Keefe Cellolose Power Credit Gas Pfd Ind Marconi Vickers Balhurst Gas Seagrams Bridge Textile Stores Pete Mobile .20 Cdn Oil Motors Lakes Paper Oii 20.25 Sid Hiram Walker 4 Erie 1 Oil A 1 .Gt Nickel Int Pipe .26 32.00 4.05 Grp A IU Infl Ind Accept 1 f. 1.70 1 Douglas A l .O A .16 lo Ferg McMiii Biosd Corp A .24 S Nachurs Cent .23 Corp Price Co CDA Sears Can A A Grp A Mtn Pipe Can Pipe Carb'dp Gas Oil Siscoe Mlg A Imperial T Soolia 14 11.00 16.50 18.50 19.25 8.37V! 2.56 5.75 5.00 22.50 2.30 9.25 20.00 3.15 16.50 26.75 27.00 15.00 37.00 42.00 24.25 10.12V; 14.75 25.25 29.00 3.95 7.75 48.50 20.50 27.62V? 15.25 5.25 46.37V? 22.50 28.00 26.75 27.00 15.75 6.87V? 14.62V? 2.05 4.70 7.87'? 3.35 6.37V? 11.50 16.50 27.25 22.00 6.62V? 11.00 11.00 13.00 5.75 11.75 1375 7.37'J 1300 37.50 S.75 13.12'? 29.62'? 18.75 7.87'? 10.12'? 6.12'? 21.50 335 3OO 26.00 1675 32 SO 31 75 3675 New York (Supplied by Richardson Securities of Canada) Arm T Belh Steel Chrysler Comsal General Meters Gull Inl Harvester Kerm Montgomery Ward Sears Extern Texas GuH Co Wix 4600 21 00 2S50 1650 33.75 16000 50 20 25 34 24 '83 73 2675 2600 1225 Weslmahotise U S. Sieel 15 41 75 22 TORONTO AVERAGES 20 Industrials 188 10 up 57 20 Golds 413 88 down 1 59 10 Base Melals 81 02 up 08 15 Western Oils 184 41 down 1 21 Volume 522.760 MEW YORK AVERAGES 20 Induslnals 806 78 up 4 61 20 flails 161 52 up 1 15 Utilities 7403 up 67 65 244 32 up 1 70 4.760.000 Stock prices mixed in light trade TORONTO (CP) Prices on the Toronto stock market were mixed in light mid- morning trading today. The industrial index widely-based indicator of market trend, rose .25 to 187.78. Golds fell 1.93 to 413.54, base metals .21 to 80.73 and western oils .83 to 184.79. Volume by 11 a.m. was 000 shares compared with shares at the same time Friday. Advances outnumbered de- clines 95 to 74 with 117 issues unchanged. Hugh Russel A rose Vz to Peoples Jewellers A to IU International to Canadian Pacific to and Inco Vi to Canadian Imperial Bank lost to Ivaco Industries to and Slater Walker to United Siscoe gained to Brunswick Mining five cents to and Coppercorp three cents to 34 cents. Madsen fell 14 cents to Pamour to Akaitcho Yellowknife 10 cents to and American Eagle Pete two cents to Siebens was up to and Pominex five cents to 65 cents. Market trends Livestock MONTREAL (CP) Prices were generally lower in light trading on the Montreal Stock Exchange today. Volume at 11 a.m. was shares compared with 171.200 at the same time Friday. Banks fell .52 to 248.44. papers .42 to 119.60. industrials .11 to 198.65 and the composite .08 to 190.07 while utilities rose .25 to 128.60. Domtar rose '4 to Gulf Oil Canada to and International Nickel- to while Bank ol Nova Scotia fell '2 to and Royal Bank i to Among speculative issues. Biston Petroleum rose 50 cents to on a volume of 10.290 shares traded. VANCOUVER (CP) Prices were up in moderate trading today on the Vancouver Stock Exchange. First hour volume was 381.500 shares. In the industrials. Key was at .11 on 2.000 shares. In the mines. Consolidated Fortune Channel was up .11 at .55 on 150.600 shares. In the oils. Vargas was unchanged at .07 '2 on 4.000 shares. At the close of Friday's session prices were up in moderate trading. Volume was 2.014.105 shares. On the industrials board, fields was unchanged at on. a turnover of 61.000 snares. lonarc rose .05 to .55 on 7.300 shares. Canterra was up .01 at .48 on 5.500 shares. Bell was unchanged at on 5.000. Thermoplex was down .01 at .35 and Macmillan Bloedel was unchanged at Most active issue in the mines was Consolidated Fortune Channel, up .02'a at .44'2 on 150.520 shares. Henrietta loll .Ol'z to ,41'z on 148.000 shares. Senesta was .01 at .44 on 78.000. Golden Gate rose .12 to .50 on 54.100 shares. Consolidated Fortune Warrants were down .02 at .19 and Ramco rose .04 to 40. In the oils. Cop-Ex was down .02 at .40 on 24.000 shares. Davenport fell .03 to .53 on 16.700 shares. Seneca Developments was unchanged at on 11.752 shares. Bison petroleum was unchanged at on 10.100 shares. Coynex was unchanged at and Trans Columbia Resources was unchanged at .95. NEW YORK (APi A tentative downward move in the prime lending rate produced an equally tentative advance in the stock market today. The a.m. Dow Jones average of 30 industrials was up 3.76 at 805.93. Gainers outpaced losers by more than two-to-one on the New York Stock Ex- change, but trading was light. As the market opened, the First National Bank of Chicago lowered its prime rate the interest rate on short-term loans to big business from 11.75 to 11.60 per cent. Melville Shoe was the most active NYSE issue, unchanged at Signal Cos. to after a delayed opening. Certain-teed Products lost to ir'k. Among Canadian issues. Alcan rose to i. Inco to Massey Ferguson to Canadian Pacific- was unchanged at and- Hiram Walker at S48-V Calgary CALGARY (CPl Receipts to 11 a.m. Monday from the Calgary public stockyards totalled about 100 head, mostly slaughter cattle and replacements. Trade was dull due to the uncertainty of the labor situation at the three major packing houses There were insufficient slaughter cattle and replacements sold to establish a market. No hogs were sold fob Calgary to 11 a.m. Hog prices EDMONTON (CPi Average prices to 11 a.m. Monday provided by the Alberta Hog Producers Marketing Board Friday prices in brackets Edmonton- 34 00 134 251 Calgary Nil (nil) Red Deer: 3400 (3402) Grande Prairie 32.75 (3275> Lloydminster. Nil mill. Fairview- Nil mill. Lethbndge. Nil mill. Fort Macleod: Nil (ml) Hogs sold to 11 a.m 1.712 hogs sol' Friday 1.337 Average 3.404. Sows average 18.25. Winnipeg grain Chicago markets CHICAGO (API Major commodity futures moved within narrow price ranges last week and closed generally higher among those produced on farms, but slightly lower in metals. Trade in grains was dominated largely by the weather. At week's end. however, a strong buying move developed early in grains only to be stifled by profit taking in the closing minutes on the Board of .Trade and prices closed mostly lower for the day. Silver futures appeared to reflect, to a degree, movements in gold prices, but closed about 10 cents an ounce lower in New York. Orange juice, cocoa and copper futures also lost ground. Prok belly futures gained about 115 points, while live hog futures were little changed for the week. Live cattle closed on a steady to a weak tonevbut shell eggs fell as much as 285 points. When traded ended for the week on the Board of Trade. Chicago wheat was 11 to 13 cents a bushel higher. July 3.52; Gulf hard red wheat up 14 cents. July 3.82: corn '2 to6 higher. July 2.67; oats 5'2 to higher. July i.Sl'a; soybeans 1 to 8 lower. July 5.48; soybean oil 35 to 190 points higher. July 28.90 and soybean meal 250 to 700 points lower. July 112.00. Currencies MONTREAL (CPi Monday's mid- day foreign exchange selling rates supplied by the Bank of Montreal: Australia dollar 1.4400 Bermuda dollar 1.02 France franc .2030 Germany'mark .3880 Italy lira .001545 Japan yen .003470 Mexico peso .0789 Spain peseta A .0172 Switzerland franc .3280 United States dollar .9645 United Kingdom pound 2.33 U.S.S.R. ruble 1.2781 Quotations in Canadian funds. WINNIPEG (CPi Prices generally were lower in increased activity at mid-session today on the Winnipeg Commodity Exchange. Much of the activity centred on Vancouver rapeseed. which ranged between fractional gains to small losses. Flax eased as much as 22 cents a bushel and rye was several cents lower. Friday's volume of trade was 129.000 bushels of flax. 4.289.000 or rapeseed and 509.000 of rye. Mid-session prices: Flax: July 22 lower 9.52: Oct. 17 lower 9.17A: Nov. eight lower 8.99A; Dec. 14 lower 8.12A. Rapeseed Vancouver: June i higher 7.20'2B: Sept. l'i lower 6.90'2B: Nov. 3i lower 6.26: Jan. unchanged 6.13A. Rapeseed Thunder Bay: July I1; Dividends Federal Industries Ltd., class A. 10 cents. July 1, record June 14. Monarch Investments Ltd.. Vi. cents. June 29. record June 14. lower li.TO12. Oft i lower 6 25A: .Nov. unchanged 6.23A. Rye. July two lower Oct. 211 lower Dec. 2'a lower 2 32' i A Gold prices LONDON (APi Closing gold prices in U.S. dollars an ounce- London 155 00 Pans Closed P'ranklurt Closed Zurich Closed Hong Kong 153.93 Beirut 5.023 a kilo. Dollar value MONTREAL (CTi U.S. dollar in terms ot Canadian funds at noon today was up 1-50 at SO 96 6-25. Pound sterling was up 3-20 to 30 83-100. In New York, the Canadian dollar was down 3-100 at SI.03 910. Pound sterling was up 1-10 al S2.39 000 LIFE INSURANCE W V p W W (Initial Amount) L8Vel Term ODtiOn Year Convertible r Term Insurance) ANNUAL PREMIUMS Age 20-155.00 Age 35-228 00 Age 25 -160.00 Age 40 -321.00 Age 30-167.00 Age KEN BELSHER OCCIDENTAL LIFE of California 439A _ HOLIDAY VILLAGE 328-0944; An. 328-0994 Invest in City Trust's Guaranteed Investment Certificates NOW for a Secure Guaranteed High Interest Rate Please Contact Our Details Art Williams Agencies Gibb's Insurance Services Art Ratzlaff Agencies Kreefft Agencies Buchan Agencies Pitcher Realty Ltd. Saunders Agencies P. J. Sheer Agencies Coaldale Agencies Lethbridge Barons Foremost Bow Island Champion Cardston Taber Magrath Coaldale 328-8184 757-3820 867-3835 833-3836 897-3858 653-3482 223-4434 758-3266 345-3076 City Trust Member Canada Deposit insurance Corporation One of Canada's Largest Trust Companies ;