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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 4, 1973, Lethbridge, Alberta _ THE IETHBRIDGE HERAID Monday, June 4, 1973 1 Market prices down slightly TORONTO (CP) Prices on the Toronto stock market dipped slightly although golds responded to higher inter- national bullion demand by moving sharply upward in mod- erate mid-morning trading to- day. The industrial index, consid- ered the major indicator of market trend, declined .66 to 205.42 and western oils .79 to 209.50. "Golds" jumped .33 to 310.03 and base metals .40 to 95.72. Volume at 11 a.m. was snares compared with at the same time Friday. Declines outnumbered ad- vances 127 to 81 while 168 issues were unchanged. All industrial sub-groups were down, except utility and real es- tate while communication was unchanged. Beverages, oil refin- ing, banks, merchandising, food processing and chemical were among the largest losers. Royal Bank fell ss to Leigh Instruments 3s to Bow Valley Industry ?s to Steintron International to go's and Slater Walker to Realty Capital was up 3i to Petrofina Vz to S28, New- foundland Light li to Bank of Montreal Vs to and Finning Tractor 3s to Patino dropped 3i to Falconbridge Copper Vs to Pacific Copper 10 cents to 52, Numac Oil Vz to ?133A and Asamera Oil 25 cents to Sigma Mines advanced to Agnico-Eagle 30 cents to Camflo Mines 42V-> cents to Dicksnson 15 cents to and Trans-Canada Re- sources four cents to MONTREAL (CP) All sec- tors except utilities declined in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was .shares, compared with shares at the same time Fri- day. Banks fell 1.31 to 253.90, in- dustrials .69 to 222.30, the com- posite .57 to 211.60 and papers .09 to 112.22 while utilities ad- vanced .r5 to 149.42. On the Montreal Stock Ex- change, Asbestos Corp. dropped 1% to Chryslsr to Dofasco Vi to 125 and Husky Oil V2 to while Falconbridge Nickel was up IVz to On the Canadian Stock Ex- I change, Consolidated Louanna rose one cent to 50 cents on 000 shares. NEW YORK (AP) Stock market prices moved lower to- day, continuing last week's de- cline, amid a background of economic uncertainties. The Dow Jones average of 30 industrials at noon was down 6.69 at 887.27. Declining stocks outpaced advancing issues 892 to 300 in light volume. The dollar continued to today while gold prices soared. Analysts said these fac- tors were adding to the stock market gloom as well as in vestor fears of a recession. Among Canadian issues listed on the New York Stock Ex- change, Alcan lost to S277s, Seagrams to and Mas- sey-Ferguson to Dome Mines was up 3 to and Mclntyre l% to If you 're a If you're a IflLLman come to the store that's got it all the Mr. Big 'n Tall Shop Suits and sports jackets, sizes 40-58 Tall shirts, neck sizes to 19, sleeves to 38 Big shirts, neck sizes 17 to 21, sleeves to 38 Shoes to 16, most widths Extra long ties plus underwear, pyjamas, socks. Mall orders promptly filled. Write lor free catalogue. SHOP (ALTA) LTD. Penny Lane Mall 513-519 8th Ave. W. Calgary More money needed by wage earner By THE ASSOCIATED PRESS The United States wage ear- ner is going to have to bring home some extra bacon if he wants to keep coffee and eggs on his breakfast table, a mar- ketbasket survey by The Associ- ated Press sows. The AP checked the prices of 15 food and non-food products in 13 cities March 1 and rechecked the items at the beginning of each succeeding month. ____ The total was up in 10 cities and down in three. Coffee, up in 11 cities, and eggs, up in 10 cities, led the list of higher-priced items. Increases in egg prices varied sharply, ranging from two per cent in New York City to al- most 20 per cent in Boston. The careful shopper still could find a few bargains. But- ter and pork chops declined in more than half the cities checked. All-beef frankfurters rose in 10 cities from March 1 to June 1. Almost all the in- creases came in the first two months, however; and prices leveled off after May 1, despite higher wholesale prices and short supplies of livestock at market. Tires slashed EDMONTON (CP) David Slutker, 29, was charged with mischief after worth of tires on Edmonton Telephone system vehicles were slashed. Twenty-six tires were slashed. WANTED! INDUSTRIAL PROPERTY LEASE BACK targe, responsible Western Canada Company would like to lease a warehouse and office building of approximately square feet in Lethbridge area. Would be prepared to sign long term lease. New cost of land end buildings es- timated to be in to range. Who would like to own this type of property and lease it back to us? Apply To BOX 125, LETHBRIDGE HERALD THE TORONTO-DOMINION BANK CAREERS IN MANAGEMENT The Toronto-Dominion Bank is seeking individuals with a minimum of Grade 12 education, preferably with some business experience. Applicants must enjoy dealing with people and a desire to work in a rapidly changing business. We offer an excellent Management Training Program, with annual performance and salary reviews, attrac- tive benefits package, and opportunity for advance- ment based on ability. For further information, please contact: MR. R. A. HUDSON, Assistant Manager, Administration, The Toronto-Dominion tank, 612 4th Ave. S., Lethbridge, Alta. Phone: 328-1746 Strike could close project Construction of an addition to the Army, Navy and Air Force Veterans' Club was proceeding on schedule Monday morning but a Gillett Construction official was not sure how long progress would continue. Members of the local Construction and General Workers' Union have signified their intention to strike Gillett and two other city contractors. The union workers have received support, they say, of the provincial Building Trades Council. A picket line could stop projects such as this Army and Navy Club addition. Future of Concorde worry LONDON (AP) There is concern here that the Paris air show crash of Russia's super- sonic Tupolev TU-144 airliner might affect the future of its Anglo-French rival, Concorde. _ Norman Tebbit, Conservative MP and former airline pilot, said today that even if the safety of the Concorde was not questioned, the Tupolev disaster could de- lay the entry of the Western aircraft into commercial serv- ice. "If the Russians have their own supersonic aircraft in serv- ice, they will be happy to do a deal to "let us operate our super- ccr.ic aircraft over Tebbit said. "If theirs is delayed as a re- sult of the crash beyond the date Concorde is ready to go into service, they may not be so helpful." MOSCOW SHOCKED The initial response in Mos- cow was stunned silence. For more than five hours So- viet news media did not men- tion what had happened. Then the news was reported in a three-sentence report by Tass, the official news agency. Both airliners were expected to begin commercial flights around 1975 but aviation experts Grain Prices Winnipeg grain WINNIPEG (CP) Oilseeds made good avances, while feed grains weere up slightly in mod- erate trade at mid-session to- day on the Winnipeg Commod- ity Exchange. Flax prices were up more than 10 cents in all months. Vancouver rapeseed made slightly f.maller gains, while Thunder Bay rapeseed advanc- es were about the same. Oats gained a cent or more, barley about three cents and rye about three cents. Mid-session prices: Flax: July 13 higher 5.73B; Oct. 17 higher 5.40B; Nov. 15 higher 5.25B; Dec. 11 higher 4.WB. Rapeseed ancouver: June 7 higher 4.31 Sep. 7 Egg prices EDMONTON (CP) Weekly egg and poultry report issued by the federal agriculture de- partment: Eggs To producers: A large 53; A medium 51; A small 36; B 33; C 10; cracks 18. To re- tailers: A large 64 to 65; A me- dium 62 to 63; A small 48. To consumers (in A large 69 to 75; A medium 65 to 71; A small 53 to 57. Poultry Live No. 1 chicken 28; 6 and over SOVz; 5 and under 6, 28; Fowl Un- der 4, 5 to 7; Turkey Uder 12, 35; 12 to 18, 35; over 18, 35. Live No. 2 chicken 6 and over, 5 and under 6, 25; Turkey Under 12, 32; 12 to 18, 32; over 18, 33. higher 4.36A; Nov. 8 higher 4.33 Jan. 9 higher 4.27B. Rapeseed Thunder Bay: July 12 higher 4.35A; Oct. 8 higher 4.20; Nov. 13 higher 4.05; Dec. not open. Oats: July 1 higher 1.24A; Oct. 1 higher 1.24 %A; Dec. 1 higher 1.21 Barley: July 3 higher 1.93 %A; Oct. 2 }i higher 1.84 y4B; Dec. 2 higher 1.82 %B. Rye: July 2 higher 1.87 V4B; Oct. 2 higher 1.90B; Dec. 3 higher 1.89B. Calgarian elected UC president EDMONTON (CP) Rev. Nelson Mercer of Calgary was elected Saturday as president of the Alberta Conference of the United Church of Canada for 1973-74. He defeated Rev. Edward Oldring of Red Deer and Rev. Michael Zuk of Spirit River in ballctmg by delegates at the annual meeting of the provin- cial conference. A resolution was passed Sun- day recommending that a five- member ccmmittee be appoint- ed by the executive of the con- ference to investigate a dispute between Mr. Zuk and his par- ishioners in Spirit River. Mr. Zuk resigned his post re- cently. DIRECTOR OF NURSING For a active 34 bed general hospital, TOO miles from Edmonton on one of the main highways north. Preference will be given to applicants with N.U.A. course and supervisory experience. Personality that allows for firm but fair relationship with employees, medical staff and community. Please state qualifica- tions, experience, references and salary expected when applying to: ADMINISTRATOR WHITECOURT GENERAL HOSPITAL BOX 1080 WHITECOURT, ALBERTA in London said the Russian ver- sion, similar in design to Con- corde, could well be delayed if a technical fault caused the Sunday crash. The Daily Mail said the Rus- sian accident "need not cause panic about Concorde" but added: "Reports that one of the Tupolev's wings appeared to have been torn away imme- diately before the accident are bound to raise the question that this may have been weakened by its headlong dashes through the stratosphere on previous trials." __ PLANES SIMILAR Both the Russian and Anglo- French versions share a delta- wing configuration, capability of flying twice the speed of sound, and approximately the same payload and range. British Aviation Minister Mi- chael Heseltine said after the Tupolev crash that Concorde development will continue on schedule. "I do not think it would be fair to make any comparison on safety. Concorde will be the most tested airplane in the his- tory of civil aviation by a long way." British newspapers gave wide coverage to the Tupolev's crash. Most took the line that pilot error was probably the cause, suggesting that the TU- 144's test pilot was trying to outdo Concorde, which starred at the air show. Sixteen production Concordes are being built, to go into serv- ice first with Air France and the British Overseas Airways Corp. Livestock Calgary livestock OALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards show sales of 200 head, mostly re- placement cattle and cows. Trade was active. There were ins u f f i cient slaughter steers or heifers sold to make quotations. Cows were mainly lower grade with all grades selling firm. Cows Dl and 2 34.50 to 36, D3 32.50 to 34.50, D4 28 to 32. Replacement cattle were mostly fleshy, shortkeep steers weighing 850 to 950 pounds and heifers in the 650 to 750 pound range, selling firm. There were no stock calves on offer. Good feeder steers 800 pounds and up 44 to 47.50. Good feeder heifers 600 pounds and up 39 to 43. Hogs 43.60. Preliminary slaughter fig- ures for the week ending June 2: Alberta hogs beef 731. Canada hogs beef Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was un- changed at 33-50. Pound sterling up 11-20 at 21-50. In New York, the Canadian dollar was unchanged at 17-50. Pound sterling up 11-20 at 3-10. Hog sale EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board: Edmonton: 43.90, average Friday 44.41. Red Deer: 43.75, average Friday 44.10. Calgary: 43.60, average Friday 43.92. Total hogs sold to 11 a.m. 568 total hogs sold average Sows average 34.35. Miscellaneous quotations Vancouver, Calgary, Montreal by Doherty. McCaaig Limited) LAST SID OR SALE e.m. Qvottsi e.m. Ouotes) e.m. awom) WESTERN OILS AND MINIS Albany Oils East Gas Almlnex Ashland BP Canada Brenda Can South Cdn Ex Gas Cdn Homestd Cdn IIK, Gas CHI Cdn Long Is Cdn Super Charter Oils Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Gt Plains Gt Cdn Oil S Lochlel Lytton Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrel Pinnacle Place Gas Ponder Ranger Oil Scurry Rain Seibens Seooner .42 Total Pete 6.85 Ulster Pete West Pete 5.75 W. Decalla 4.80 MISCELLANEOUS INDUSTRIES Cygnus B Falcon Copper F and M Trust Genstar Home A Home B ___ Hud Bay Co is.37vi Hud Bay Oil 5.20 Hud Bay A Pfd 4.00 Hugh Russell 3.20 Husky OH Husky B Pfd Husky D War .22 Husky E war Hus of Canada Inter Prov Inter Prev Steel Kaiser Res Lofclaw C Pfd Magmsonlcs Pacific Pete Pac W Air Pe-Ben Oilfield Rainier Inc Royal Trust Si Maurice Cap Sand well Teledyne West Cdn Seed 12.37ft Westfield Mtn 1.14 West Mln war Weston A Pfd .60 White Yukon VANCOUVER MINIS 1.27 7.55 6.15 f.35 11.00 45.00 4.00 10.00 19.00 7.75 2.80 27.25 8.15 2.08 1.40 1.10 6.65 14.00 36.50 18.50 7.75 12.50 6.25 Afton Atlas Exptor OT 75 Bath Norse Croyden Davenport Dolly Varden Equltorial Lornex Primer Pyramid Silver Standard Valley Copper INDUSTRIALS 44.00 so.oo 42.25 6.55 7.75 5.00 12.00 3.10 29.75 10.25 27.75 10.00 1M .45 .71 .04 1.00 M .37 .11 .14 .75 0.2J 1.47 .22 1.00 1.06 38 16.25 11.00 Acres Ltd Aqultaine BC Sircar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv CrestbrooK Ind Crowsneft Ind Cygnus A 13.00 22.25 I5.ro 2.75 2S.50 29.75 26.75 7.25 J9.50 7.75 PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans oar Metro Gaz Metro A Trans Can Pipa Tr Can A Pfd Tr Can B Pfd Tr can War WC Trans WC Trans war CALGARY Acroll Barons Oil North Continental Western Warner Cd Brew J.75 Key Indust .30 Wardair 2.25 OILS Prp Explor Plains Pete Penderay Explor Stampede Intl Ret MUTUAL FUNDS All Cdn Com 4.M 7.51 All Cdn Divid 7.34 8.04 All Cdn Vent Amr Gr F AGF Special Cdn invest I Col Mutual Cmnw inter Cmnw Lev Cmnw Vent Corp Invest Corp In St 24.75 .is 3.35 4.40 5.50 1.10 .02 62.00 14.50 3.4S 3.77 5.17 1.61 2.4S 5.41 5.24 5.73 14.65 16.10 3.70 4.07 IH-j Corp" Invest 6.W 6.60 70.50 corp In St F 4.84 5.32 14.00 Dreyfus F U.S. 10.73 11.74 10.25 Gr Pacific 4.50 4.92 10.00 Gr In Shares 3.52 3.87 22.25 Gr Equity 11.75 invest Gr F 4.40 invest Mutual 45-00 Mutual Ac 35.25 Mutual Gr F 66.00 Nat Res 41.75 N W Cdn 7.10 N W Gr 17.75 Principal Gr 2.95 Royfund Temp Gr .45 United Ac .04 Unlversel Sav .01 Vi Sav .37 Vanguard 7.69 8.45 11.84 12.97 5.63 6.16 5.80 6.38 3.40 3.74 7.41 8.10 5.41 5.95 4.77 5.24 4.18 4.59 6.38 6.64 8.48 9.27 4.90 5.38 7.50 8.24 5.72 6.28 6.18 6.77 Toronto mines, (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quottt) MINES Acme Advocate Asb. Aksltcho Bralcrne Broulan Bethlehem Brunswick Can. N.w. Land Canada Tung. Cassiar Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochencur Craigmont DIckenson Mines Denison Mines Deer Horn D'Eldona Dome Mines W-00 a.m. QuaMI r.m. Quotes) Osisko Pine Point Placsr Dev, P.C. Exp. Quebec Man Rayrock Radiore Rio Algoni Roman Corp. Sherrift Gordon Steep Rock 1.12 Tek Corp. Texmont Upper Canada Western Mines Wright Hargreavesl.30 Willroy 1.12 Windfall Kelly Doug A __ Yellowknife Bear 3.40 Loeb Zenmae .UVi Loblaw A INDUSTRIALS Met Stores .12 1.20 1.32 S.20 .45 3.50 3.95 6.05 1.74 1.35 6.05 3.35 .10 1.41 6.35 4.05 .22 28.50 25.75 2.95 .10 1.25 .36 24.50 4.50 14.75 1.52 4.05 .24 2.90 2.95 Grt Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker Imp Oil Irrasca Int Nickel Int Pine Ipt Util Ind Accept Kaps Laurentide 8.1J 32.75 18.50 4.40 50.75 37 JO 28.25 27.62V4 24.50 17.42V-I 11.75 7.00 4.90 Turbo earnings CALGARY (CP) -Turbo Re- sources Ltd. earned or 2.9 cents a share in the quarter ended March 31. amounted to Gross revenue No comparable figures with last year were available due to a change in the company's fis- cal year. Previously, the year closed at the end of February. Aldona Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Bovls Grandue Hoi linger .39V2 Abltibi 10000 Alcan Hudson Bay M-S 22.25 Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyra Meta Midrim Intern Mogul Nu West Homes New Athona New Calumet w. Horse Copper Noranda Northgata Norlex .34 Algoma Steel 1.10 Atco Ind 4.30 Atlantic Sugar 2 30 Agra Ind Bell Tel .22 Brazil Trac .36 B.C. Tel 8.10 Burns 2.20 B.C. Forest 3.00 B.C. Sugar 43.50 Bow Val Ind CAE Ind Cdn Brew Chemcell Col Cell Calgary Power Coron Credit C.W.N. Gas Pfd 11 00 Cdn Ind 14.75 Cd; Marconi Cdn Vickers Chrysler C.P.R. Comlnco 51.25 Cons Bath .12 Cons Gas .13 Dlst Seaararns 11.50 Dom Bridge Domtar .16 Dom Textile .26Vi Dom Stores 2.95 Dome Pete 48 DofaSCO 5.15 Cable .31 Glendale .28 3.75 2.08 .22 12.00 .23 41.50 3.35 .08 1.08 1.20 Massey Ferg 27.87V2 McMillan Bloe 16.00 Moore Corp 10.50 Molsons A 6.75 Molsons B 9 25 Nachurs 42.42V2 North f. Cent 19.25 Power Corp 53.50 Price Co. Rothmans 16 SO St. Law Crop 20.00 Sliell Cdn Simpson's 9 25 Simp Sears 4.35 Steel of 4 25 Steel of Cda 3.45 Selkikr A Texaco 1.80 Traders Grp A Trans Mtn PD Trans Cda Pp 3.95 Union Gas Union Oil 26.75 United Siscoe 17 00 Versatile Mfg Westeel Union Carb Weston's B 37.W Woodward's A 3375 C-H Seed 19.62V2 Zenith Elec 7.67V3 BANKS 1400 Cdn Imp Montreal 2500 Nova Scotia 14.12V2 Royal 9.62V3 Tor-Dom 19.421A 28.50 48.50 25.25 25.75 7.75 10.00 14.00 11.00 19.25 17.00 13.25 29.37V, 14.25 59.00 14.50 20.50 35.00 10.37VJ 13.00 8.05 6.50 13.25 16.00 20.50 2600 5.50 2.45 29.37'A 17.75 32.00 31.75 NEW YORK IJ New York stocks (Supplied By Richarfffon Secnrillet of Canada) Arnr T and T Anaconda Beth Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Cpoper 96.25 20 Golds 308.55 up 4.85 10 Base Met 95.56 up .24 21.50 15 W Oils 208.97 off 1.32 17.37iANEW YORK AVERAGES 30 Indust 887.26 off 6.70 GA Sears .Ron iJ'oo Texas Gulf 27.00 Texas Co Wickes Corp 165.25 Wcolworth 21.75 Westinghouse Elec 33.25 2250 US Steel 30.62V2 20 Rails 159.70 off 1.82 27.37V2 Gen Tel Elec 27.87V2 15 Utilities 106.40 off .44 2375 TORONTO AVERAGES 65 Stocks 273.50 off 2.12 Montgomery Ward 19.12V: 20 Indust 205.29 off .79 Volume Rate hiked MONTREAL (CP) The Bank of Montreal today in- creased its small business base interest rale by one-quarter per cent to 6% per cent, effective immediately. The bank said the increase was necessary because of up- ward pressure on deposit rates. The bank's prime lending rate was increased by one-quarter per cent to 7'A per cent May 28. Bets are off MONTE CARLO (Reuter) Ths roulette and baccarat ta- bles were empty in the casino here Sunday as staff refused to work in protest against the in- stallation of a closed-circuit TV system. The staff said the sys- tem is a sign of lack of trust in them. Tornado hits train "WAYNE CENTER, OMO CAP) The state highway patrol said a tornado lifted a section of a moving Perm Central freight train Sunday and slammed it into another parked on a siding near here. No more than six cars were involved in the derailment and no one was injured, the railway said. PACIFIC 327-2111 IS THE NUMBER OF THE STUDENT MANPOWER CENTRE WHERE STUDENTS SHOULD REGISTER FOR EMPLOYMENT AND EMPLOYERS CAN HIRE STUDENTS. IT'S EASYI JUST CALL 327-2111 NOTICE TO SHIPPERS AND RECEIVERS The 1973 edition of the Alberta Motor Transport Direc- tory will contain a number of increased rates and altera- to carrier services effective July 1, 1973. in rates for various types of carrier! and carrier is required due to increases in tost of such items as labor, equipment, and fuel. With no immediate opportunity to off set these increased costs through increased produc- tivity, rate increases are now required. Directories will be available for circulation about June 20, 1973. Those wishing a copy can order from the Alberta Motor Transport Associa- tion offices in Calgary and Edmonton. The cost of the 1973 Directory is if picked up or if delivered. CALGARY BOMONTON 2613A 14 Street S.W. 82 Avenue CALGARY, Alberta IDMONTON, Alberta T2T 3T9 TAC OZ2 Phone 245-2206 car wash people FREE EXTERIOR WASH with gasoline purchase of 5 gallons or more (Exterior wash with gasoline purchase of 5 gallons or less) Complete interior and exterior wash with 15 gallon purchase with 10-15 gallon purchase with 5-10 gallon purchase with 3-5 gallon purchase with no g- r cnaso SUPERSONIC CAR WASH 1819-3 Ave. S. We honor all credit cards approved by dealer before purchase including CHARGEX. Extra ehargt for commercial credit carat ;