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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 7, 1972, Lethbridge, Alberta 7, 1971 THE 23 Gold brightest at mid-morning TORONTO (CF) Gold Is- sues on the Toronto slock mar- ket soared sharply higher in r live midmorning trading today while prices in other major sec- tors drifted fractionally lower. The strong advance in gold reflects a heavy demand and higher prices for gold on inter- national bullion markets. The gold index jumped 6.34 to 226.14, a high for the year and base metals .02 to 96.48. In- dustrials slipped -SO to 203.32 and westtrn oils .53 to 222.C9. Volume by 11 a.m. was shares, up from at the same time Tuesday. Among gold issues. Dome Mines climbed 3 to Sigma to Aunor 30 cents to S3.70 and Pamour 25 cents to Banking, trust and loan, l> erage, merchandising and util- ity issues moved moderately lower while oil refining, steel, pipeline, industrial mining and real estate stocks were higher. Royal Bank was down to Hudson's Bay Co. to S17V4, Shell Canada Vz to Denison Vfe to Calgary Power Vt to ?24V4. Falconbridge was off 'A to Bank of Montreal V, to Brascan 'A to and Canadian Superior Oil to Rank was up Va to Gold Crest to Imperial Oil Vi to Leigh Instruments It to and Lake Shore Mines 25 cents to ONLC ADVANCE MONTREAL (CP) Industri als made the only advance in moderate trading on tire Mont- real stock market today. Industrials gained .37 to 215.85 while utilities lost .41 to 160.91 banks 3.79 to 250.11, the compos ite .19 to 209.09 and papers .30 to 86.18. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares, compared will at the same time' Tues day. Premier Cablevision was up to Logislec Corp. ti ?10V4, Dominion Textile Vi ti Distillers-Seagrams Vt ti Gulf Oil Canada Y, t and Pacific Petroleum y to Falconbridge Nickel was d to Royal Bank to Simpson's-Sears to Rapid Data 5i to Petro- fina Canada to Bank o Commerce V4 to Interna tional Utilities to STRONGER NEW YORK (AP) Stoc market prices slrengthene slightly after declining on broad front earlier today. Trat jig was moderately active. The Dow Jones average ot 30 nduslrials, which had been off aarly 5% points, was down 4.82 t 946.64 by noon. Declines on he New York Stock Exchange d advances by more than 2 to Analysts ascribed the early rop in large part to anxiety lemming from the progress jouth Dakota Senator George IcGovern has made recently oward winning the Democratic residential nomination. Many iwestors are wary of his eco- omic proposals, analysts said. The losers included farm im- lemcnts, airerafts, electronics, nd tobaccos. All other groups vere mixed. The Associated Press 60-stock iverage was off 1.4 at 328.3. Noon prices included Trans Vorld Airlines, off IV, at urtiss-Wright, up 1% at Eastman Kodak, off 1% at and Premier Industries, off 1 at Prices on the American Stock Exchange included American sraeli, off V, at Ozark Airlines, off at and Trans World Airlines warrants, off Ti at Among Canadians, Alcan was up Yt to Canadian Pacific, to and Dome Mines IV, to Inco dropped to and Walker-Gooderham Vi to On the American Stock Ex- change, Brascan lost to Canadian Marconi to and Scurry Rainbow V, to Livestock Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m. were, 300 head mainly slaughter classes. Trade was active. Slaughter steers sold on j generally steady basis. Heifers were steady to strong. At grades of cows sold 50 cents lower. Bulls steady. Choice steers 37 to 37.70 sales to 37.90, good 36 to 37. medium 32.50 to 36. Choice heifers 34 to 34.70, good 33 to 34, medium 30 to 33. Good cows to 28.50, medium 26.50 to 27.50. Good bulls 29 to 31. Replacement cattfe were prac tically all heavy feeder steers selling at steady prices. Goot feeder steers 750 pounds up, 37 to 38.50, with lighter kinds high er. Good holstein feeder steers 32 to 32.75. Hogs average base price 30 20. Lambs sold higher Tuesday good lambs 32.50 lo 33. Alberta opposes ivheat board SASKATOON 40.15 27.50 19.75 6.20 73.00 16.00 30-50 21.00 J.80 23 50 U.SO 34.B7W 24.50 33.12'A 39.87'A 9.25 47.00 1H.87W T3.50 7.M 4.25 20.00 14.87V! 47.00 25.37 Vl 25.25 12.50 14.00 22-25 61.00 15.00 21.50 20.75 39.75 2.35 24.50 1.M C.W.N. Gas PFd 11-50 10.00 .15-4 Cdn Ind Cdn Marconi Cdn Vickcrs Chrysler C.P.R. Cominco Cons Bath Cons Gas Disf Seagrama Dom Bridge Domrar Dom Dom Stores Rolhrnans St. Law Corp Shell CDA Simpson's Simp Sea rs Sleel of Cda MJ7Vi A TVadcrs Grp A Trans Mfn Pp Trans Cda Pp Union Gas Union Oil Versatile Mfg Westeel Union Car Weston's B A West Cdn Seed TO75 ZenHti Etec 17'wiA BANKS 34.75 Can Imp 31.SO Montreal 1J.50 Nova Scotia 30.25 Royal 15.6M Tor-Pom 13.M 30.CO 15 50 21. SO 2S.CO 44.00 38.75 33.00 21.50 50.12VJ lj.50 J2.I5 44.75 1U2V4 42.00 5.B7V4 21.00 la.lM 21.50 36.75 7.25 TABER SUB-STATIOK PUT 'ON STREAM' Calgary Power recenlly opened Its new 20-million-walt tub-station, a mile north of Taber. Several division and district official! of Calgary Power attended including divisions operation supervisor George Garner and division manager Edward Chalmers of Lehbridge. Above, Taber's depuy mayor Ken McDonald and district manager Jame s Clarke puts the substation "on stream" by activating a manual switch control. Gibb Photo Phase 1 power completed TABER (HNS) Calgary Power Ltd. has "commission- ed" its new 20-million-watt KVA) sustation a mile north of Taber indicating that Phase 1 the power system is complete though it has been on line for a couple of months. The occasion was marked Hog prices EDMONTON (CP) Aver- age prices' to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 30.25, average Tuesday 29.82. Bed. Deer: 30.15, average Tuesday 29.78. Calgary: 30.20, average Tuesday 29.76. Lethbridge: Nil, average Tuesday 29.84. Lloydminster: Nil, average Tuesday 29.46. Fort Macleod: Nil, average Tuesday 29.80. Grande Prairie: Nil, average Tuesday 28.83. Total hogs sold Tuesday 392, average 29.70. Sales to 11 a.m. today 885. Sows sold for 23.20. with division and district offi- cials of Calgary Power describ- ing the details of the station to a number of local people in- cluding two junior high school groups. The substation Is served by ligh voltage lines fed from ei- :her east or west depending on ic distribution of load on the grid system with the volts being reduced to volts. Three secondary distribution lines feed the town of Taber, :he area east and north of la- ser to Grassy Lake, and areas south and west of Taber to Wrentham and Chin. Automatic voltage control, coupled with increased capac- ity, will assure a constant line voltage throughout the distribu- tion area. A system of remote- New York stocks (Supplied By Richardson Sccnritics of Canada) Amr T T j. Anaconda Beth StMl Gulf Int Harvester Kenn Copper Monlgomery Ward 2J.75 toiTV, Sears 117.50 31-00 Texas Gul N j_ 20 Golds 227. U up 7.R4 10 Base Met off .03 15 W Oils 223.06 off .H Volume YORK AVERACES 34.31V4 30 Indust off 1.IK WcsHnahouse Eire M.SO 20 Rails 2U.88 1.13 21.00 U.S. 30.1W 15 Ulilities 107.10 off 41 33.1ZVi TOXOKTO AVERAGES iS Stocks 31J.44 oft 1.S2 21.75 20 Indus! 3CH.99 off ,S3 Volume Grain price review Winnipeg Grain prices were weaker oa a gen- eral selling affair at mid-ses- sion on the Winnipeg Grain Ex- change today. Prices in that commodity moved as much as nine cents below previous close levels. Flax prices fluctuated mildly with only Hie October future open for trade. The rest of the market was featureless and barely active. Volume of trade Tuesday was bushels of flax, of rapeseed and of rye. MtD-SESSION Flax: July higher Oct. higher Nov. not open; Dec. Vi lower 2.72B. Rapeseed Vancouver: June 1% lower Sep. un- charged Nov. V8 high- PIANE CRASHES INTO SUPERMARKET- Two Ftirmington, Mich., Tiremen stand watch Tuesday night on the roof of a suburban Dotroir supermarket where a Iwin- engine piano crashed through Iho roof. At le ast seven persons were injured, Including the two men in the plane. The nose of the plane rests toward the rear of the store with (he tail on the roofs edge. In the bottom photo a crane lifts the plane out of the store and places it on the adjacent parking lot. (AP Wirephoto) WITH THIS NEW UNIT, ANY RADIO WITHIN 300FT. CAN BE A REMOTE, PORTABLE SPEAKER FOR YOUR HI-FI SET. WHEN ATTACHED TO AN AMPLIFIER, IT BROAD- CASTS OVER AN UNUSED FREQUENCY OFTHE RADIO BAND... Tutors ir aw OftPfSKf er Jan, higher 2.46. Rapeseed Thunder Bayr JuTy lower Oct low- er Nov. lower 2.39A; Dec, 9 lower Oats: July unclianged Dec. not open. Barley: July unchanged Oct. unchanged Dec. not open. Rye: July higher Oct. liighcr 1.02HB; Dec. un- changed High Ixiw Close Flax Jly 274 Oct 275% 274 275Va Kov 274 Dec Rapeseed Vancouver Jun 244% 244 Sep NoV 2-17 245 246% Jan 245% 244% 244% Kapcsecd Thunder Bay Jly 237 237 Oct 240Vi '239% 239% Nov 241 240% 240% Dec Oats Jly Oct Dec 70! a Barley Jly------- Oct Dec Rye Jly Ocl Dec lOHa Dollar value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds unchanged at Pound sterling unchanged at NEW YORK (CD-Canadian dollar down 3-64 at 3-15 in terms of U.S. funds. Pound ster- ling up 1-32 at SOLOIST LONDON (CP) After a vio- lin-playing busker had scraped away for several minutes in London's Trafalgar Square, an angry-looking passer-by who had stopped to listen shouted: "For Gawd's sake! Can you only play one The bus- ker returned a smile and said: "Bu'mey mate, you're a glutton for punishment." ly controlled circuit breakers enable isolation of any of the primary or secondary power lines. Provision Is made for radio control of the substation from tha Calgary control tower, and for a future duplicate trans- former providing volts for further servicing a wider area as demands increase. Present for the official "open- Ing" were division operations supervisor George J. Garner and division manager Edward C. Chalmers of Lethbridge, and public relations officer D a v Poulsen of Calgary. Local officials ara district manager James G. Clarke and his assistant Robert Drader, who arranged for light refresh- ments provided by tha Lady Lions Club. Hercules durum quota announced WINNIPEG