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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 8, 1972, Lethbridge, Alberta ThurxJay, Jun. 8, 1972 THE LtTHBRIDGI HMALD 23 Weaker trend at mid-morning Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCualg Limited) LAST BID OR SALE Quotes! a.m, Quoleil (1UOO a.m. Quotes) WESTERN OILS J.M 17.75 11.75 1.55 TORONTO (CP) The To- ronto stock market moved lower for the fourth consecutive ses- sion in moderate mid-morning trading today. Golds suffered the sharpest declines while base metal issues edged fractionally The gold index was down 5.72 to 220.55, industrials .05 to 202.62 and western oils .94 to 223.63. 3.41 7.40 ;.oo 42.75 .56 Grain prices Winnipeg Grain WINNIPEG (CP) Thunder Bay rapcseed was sharply low- er at mid-session on the Winni- peg Grain Exchange today. Prices were nearly four cents below previous close levels on light trading but a lack of over- seas demands. Vancouver rape- seed was also lower on light trading volume. Trading was light In all oth- er commodities also with flax one cent lower and the oilseeds unchanged. Wednesday's volume of trade was bushels of flax, 000 of rye and of rape- seed. MID-SESSION Flax: July 1 lower 2.74V4A; Oct. 1 lower Nov. 1 lower S.VSViA; Dec. lower Z.71HA. Rapeseed Vancouver: June Hi lower 2.43KB; Sep. 1V4 low- er HA; Nov. 3A lower 2 ATA; Jan. 1 lower 2.4CA. Rapeseed Thunder Bay. July 3% lower 2.30yBB; Oct. 3 lower 2.34 A; Nov. 3 'A lower 2.34V4A; Dec. >A lower 2.32teA. Oats: July unchanged Base metals were up .09 to 96.95. Volume by 11 a.m. was shares, down from at the same time Wednesday. Despite the decline, advances edged losses 120 to 113 wilh 103 issues unchanged. Banking, beverage, real es- tate, merchandising, industrial mining and trust and loan stocks suffered moderate losses while general manufacturing, steel, food processing, chemical and communication issues moved higher. Among gold issues, Dome Mines dropped to Cam- flo 30 cents to and Aunor 25 cents to Royal Bank was down to Bank of Montreal to Numac 'A to Rio Algom Vs to Canadian Su- perior Oil Va to and Burns Foods Vs to Dome Pete was down Ys to Inco 14 to Noranda Ve to OSF Industries to and Pacific Pete to Biltmore Hats was up 1% to Orlando Realty Corp. to Alberta Gas Trunk to Patino to and Pan Ocean Vt to POST GAINS MONTREAL CCP) Industri- als and the composite were the only sectors to post gains in light trading on the Montreal stock market today. Industrials were up .7 1 to 216.51 and the composite .20 to while utilities were off .04 to 161.59, banks 2.94 to 246.25, and papers .03 to 85.39. Combined volume on the Montreal and Canadian stock exchanges was shares at Almlnex Alta Eait Gai Asamera Ashland BP OH Gas Can South Cdn Ex Gas Cdn Homesld Cdn Ind Gas Oil Cdn Super Cdn Long 1s Chleflan Dome Pclc Gt Plains Gl Cdn 011 Lochiel North Cdn Oil Numac Pancdn Pels Pan Ocean Petrol PTnnacIa Place Gas Ponder Ranger Scurry Rain Spooner Selbens Total Ulster W, Decalra West Pefe MISCELLANEOUS INDUSTRIES Aqualalna 22. Brlnco 4, Cdn Brew A 31 Cdn Brew B 3i Cdn Pacific Inv 25 Cygnus A 5 Cygnus B 5 Falcon Copper Genstar Home A Home B Hud Bay Co Hud Bay Oil Hugh Russell Husky Oil Husky Oil B Husky ON War Inler Prov Inter Prov Slee] Kalaer Res MGF Pacific Pets Rainier Telcdyns West Cdn Seed While YuVon Weslllerd CALGARY Acroll Barons Oil Madison Conr VVesl Warnei 12.25 PIPE LINE Aira Gas A Alra Mat Gat Inland Mat N and C Gas N end C B Pld Pacific Trans Gaz Metro Trans Cda Trani Cda B Trans Cda A Trans Cda War WC Trans WC Trans WIs 30.50 Mutual Ac 14.50 Mutual Gr P 4.35 N W Fin N W Gr l. Gr Roylund Temp Gr UnllKi Ac Universal Sav Vanguard cmnw Vent _ 3.65 I.C. takes action to end strikes 12.25 "MINES Aflon Bath Brenda Brycwi Churchill -0? croyden Davenporl Dankoe Dolly Varden ____ Dynasly 16.12Va Erjullorla! 12.75 Fort Reliance Giant Mascot Granlsle Lornex Lylton wnerali Primer Pyramid Stiver Slandard Texmont Trolan AIL Cdn Com 9.20 wc Res Al Cdn DivltJ S.28 10-14 INDUSTRIALS 412ViAll Cdn Vent 4.19 4.58 Blocfc Bros 31'oo Amr Gr F 1M 1 H'li14 Cdn Invest" F 5.52Capt Inter 2r'3L Col Mutual 6.87 7-WCreslrook F Intf ywvi Cmnw Inler 14-54 15.98 Hys 5.62W cmnw Lev 3.90 4.29 Columbia 12.B7Vi coro Inves t 6.17 Key 15.50 cwp in "t F SM 5.73 Pacific W Air M-00 32.00 Drefus F U.S. 13.35 14.63 Stampede Inll Res .95 31.37WGr In Shares 4.0? -1.50 OILS 17-50 Gr Equity 7.B5 8.42 Albany Oil .45 40.00 invest Gr F 12.34 PlBtni -21 i.n 1.54 5.15 14.75 1.15 17.75 9.85 5.90 7.36 9.M STOCKS 58.35 21.00 25.75 13.00 5.00 44.75 40.50 82.50 13.50 24.75 fl.60 MUTUAL FUNDS .67 .10 1.53 10.75 4.90 9.75 9.25 1.90 1.35 .39 3.EO "S 3.30 Hud Bay Oil Pfd Invest MuluaL 5.85 Western Explor Toronto mines., industrials t, {Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) a.m. 11UOO B.TTU Quoles) Oct. unchanged 70ViA; Dec. not open. Barley: July unchanged Oct. and Dec. not open. Rye: July unchanged 1.02UA; Oct. unchanged J.02M; Dec. un- changed 1.0H4A. WINNIPEG (CP) Grain quotes Wednesday (basis Lake- High Low Close .Flat Jly 275 Oct 2753A 275% 275 275% 274V4 272V4 Dec Rapeseed Vancouver 244% 242 244% Sep 24DV2 246 Nov 248'A 245 248V4 Jan 247 244 247 Rapeseed Thunder Bay Jly 233 233% Oct 239 235% 237 Nov 237% Dec 233 Oats .Tly Oct Dec Barley Jly 109% Oct Dec 110% HOtt Rye Jly Oct 102% Dec 101% 23714 232 109% 102% 10214 101% 233 69 'A 70% 7014 111% 110 Vt 102% 102V4, PRISONER WELFARE The Indian government spends an aveage of a month on each its pris- oners of war. 11 a.m., compared with at the same time Wednesday. Rapid Data was up 214 to Imperial Oil to Reader's Digest to Cominco to Canadian Arena 14 to Petrofina Canada to and Gulf Oil Canada to Dominion Line was off to Royal Bank to Crush International Vz to Guaranty Trust 14 to and Bank of Nova Scotia to MARKET RALLIES NEW YORK (AP) Selec- tive buying in recently de- pressed issues spurred a stock market rally today. Trade was moderate. The noon Dow Jones average of 30 industrials was up 4.44 at 948.52. Advances led declines on the New York Stock Exchange by 5 to 3. Noon prices on the NYSE also included Curtiss-Wright, up 214 at Hammermill Paper, up 114 at and Lcvitz furniture, up 1 at Among Canadian Isues, Dome Mines fell 114 to and Hudson Bay Mining Vi to Up Ye each were Alcan, at Canadian Pacific, at and Distillers Seagrams, at On the American Stock Ex- change, Scurry Rainbow Oil was Yt higher at MINES Acme Advocate Aib, AkalleJio Brslorris Broulan Bethlehem" Brunswick Canada Tung. Casslar Central Pet. CMmo Conwest Cons. Rambler Coin Lake Cochentwr Craigmont Dlckenson Mlnei Denlson Mines Deer Horn D'EtdMia Dome Mines Aldona Discovery Minei East Mafartic East Sullivan Falconbrldge Frobcx First MariUmei Giant Bovis Granduc Headway R.L, Holltnger Hudson Ba Hydra Ex. Iron Bay Nor I ex .31 JSW Osfifto .1? Pine Potnt 30.11W ,72 Placer Dev, 39.75 P.C. Hxp. 3.75 .39 Ouebec Man .12 30.75 Rayrocfc 1.15 15 Radfore -30 50 Rio Algom 20.25 1 25 Roman Corp. 7.40 Sherrilt Gordon TS-35 Sliver Miller .05W Steep Rwik 7.00 .65 Tefc Corp. i.LX) .13W Texmont .53 .56 Upper Canada 2.38 8.60 Western Mines 3.40 1.90 Wright HargreavM 1.35. Wlllroy T.25 .08 Wlrvdlall .12 Ycllowknlft 77.00 Dofasco Cable Ford of Am Grl Cdn Oil Gen Grt Ppr CuH Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker Imp Oil Imasca Int Hickel Int Pipe Inv Grp A Int Ulll rnd Accept f.aurefit1de Kelly Doug A Loe b 4.45 Lobtaw A Met Slorcs .95 2.0! 2.79 Chrysler c P.R. comlnto .17 Cons Dlst Seararm 9.50 Dom .17W Dom far .23Vi Dom Tex Dom 5.90 Moore Corp 50.50 Molsons A Molsons B 11.50 Norlh Cent 6.12'A Pcwer Corp 14.00 price Co -43.M Rotlimans 22.25 St. Law Corp Shell CDA 1500 Simpson's 21.50 simp Sears 20.50 steel of Cda 32.37'A Selkirk A Texaco 7.87V4 Traders Grp A 4.85 Trans Mln Pp 2.30 Trans Cda Pp Union Gas 1.50 Union Oil Pfi 11.50 Versatile MTg 17-00 Westeel Union Car 12.75 Weston's B 30.12'A Woodward's A 1 S.BTVa West Cdn Seed 29-VVi Elec "'so'''' 'Ctn Imp 14.00 39.75 Nova ScoHa 15.50 Royal 39.62'A Tor-Dom 27.CO 20.00 15-50 20.00 3.9Q 44.15 2400 32.87 V. 30.W 9.35 19.00 13.25 7.37'A 19-75 14.75 23.'62Vb 24.25 10.37'A e.oo 2I.87V2 25.00 4425 27.35 33.50 33.00 21.50 49.25 16.50 M3S 42.00 6.00 20.75 13.25 21.50 24.75 a'oo provincial cabinet ran a gaunt- let ol hundreds of angry union- ists Wednesday night as It took steps to end province-wide strikes and lockouts In the con- struction industry by govern- ment decree. The cabinet approved an or- der-in-council which when signed into law could force a return to work and impose com- pulsory arbitration in the indus- try-wide contract dispute. Premier W. A. C. Bennett, Labor Minister James Chabot and other were sworn at, jostled and in some cases hit with placards as some 500 trade unionists protested the govern- ment action. Mr. Chabot said the order would be signed by Lt.-Gov. John Nicholson "probaby but indicated he expects negotiations to continue between the Construction Labor Rela- tions Association and the B.C. and Yukon Building Trades Council. The government would like a return to work by Mon- day. There was speculation that an llth-hour settlement with one or more of the major unions would be enough for the government to hold its fire and thus put what is developing into a head- on clash between government and the unions.. PASSED BY CABINET. The order-in-council was passed at a cabinet meeting in a hotel in nearby New West- minster. Cabinet members were met with sign-waving protesters and shouts of "Seig heil" and "Qiiabot must go" when they arrived in a cavalcade cars. Premier Bennett's car was the first to arrive and he passed through the crowd relatively un- scathed. Mr. Chabot walked through the hotel's front door almost unnoticed by the crowd, but Rehabilitation Minister Phil Jly 37.40N; Sep 35.BOB; Gaglardi and Attorney-General Nov. 35.SOB. Leslie Peterson had to enter be- Tuesday's volume: 66 con hind a flying wedge of police- tracts. oitter of a number of Bennett and his minis- strations which have met had dinner with Hew West- cabinet on a tour of the Mayor Munri Evera ince which began May 26. other civic officials. It was the fourth Bennett, in a short Wednesday, with other made no reference to held during stops at labor cituation, leaving it to Mission and Haney in the labor minister to call a brief ser conference and announce Although there was order-in-councll had been and shoving, and at least policemen lost their caps, Chabot refused to give de- most serious incident of the order, which he had the striking of Mr. earlier would invoke sec- son, who was not 18 of the controversial Me- harmed and managed to Commission Act. Under tain a smile through most of act, the government can an end to strikes and At the golf club, RCMP and refer contract dis- blocked the gateway to to the B.C. Mediation grounds and other officers for binding arbitra- guard around the clubhouse The act has been anath- Livestock Calgary livestock CALGARY (CP) Receipts on the Calgary livestock market to 11 a.m.; about 900 cattle were mainly heavy feeder steers and ock cows; good heavy steers more than 750 pounds 36 to 38; ock cows 23.50 to 27. mostly slaughter heifers and cows. Trade was base price 3.45. fgjjj Slaughter steers were cents lower; slaughter were steady; cows were net er and bulk were steady strong. Choice slaughter steers up to 36.10, good 35.50 to medium 32 to 35. Choice (CP) Molson 34 to 34.50, good 33 to 34, reports net earnings ium 30 to 33. Good cows 26 or a share 27 with heifery kinds the year ended March 31, medium 25 to 26, canners wth or cutters 19 to 25. Good bulls a year earlier. to 31 with sales to all sales increased 20 cent over the previous year Beef futures the company's brewing q eration exceeded 30 per cent o Canadian market for the WINNIPEG (CP) Live beet futures close time with sales of ma to organized labor 111 ception in 1968. The act provides maximum KnalUes of for radlvidu- and lor organlza- ons. If offence contiinxt, urther fines can be levied tie rate of a day. Jim Kinnaird, president of UM uilding Trades Council who earlier on Mr. Chi- ot's imposition of a noon 'ednesday deadline for settle- .lent before the government topped in, said: "To hell with Wednesday night, he said id not think the cabinet acking down in not having der invoked immediately, but if the cabinet "have ot themselves into a funny po- ition that they don't know what to do about." AGREEMENT REACHED Mr. Kinnaird noted that construction unions have eached tentative agreement on new of them on Vednesday. But he added that Charles Connaghan, president of ho Construction Labor Rela- :ions Association, was "playing it tough" in continuing talks with the large :eamsters, bricklayers and la- borers. About union members are involved in the dispute and the negotiations are for 44 sepa- rate collective agreements to replace those which expired March 31. The CLRA says union members are locked out, but the unions say only about are affected. The unions have demanded wage increases ranging between 16.8 and 34.4 per cent on base rates that go from to hourly for skilled tradesmen. The CLRA's last announced offer was for an across-the- board increase that averages out to 6.5 per cent men. Mr. Peterson was struck at least twice with placards. When the ministers left the hotel after a Hi-hour meeting, a Dollar value MONTREAL (CP) U.S. dol double line about 20 BCMP lar in terms of Canadian fund officers strove to keep a path down U at 21-32. Poun clear to the waiting bus which sterling down 7-16 at M.87IA 19.67'A 35.12'A 31 50 30.00 New YorK stocks (Supplied By Richardson Securities o! CanarJi) find T 42 75 Sears 118.00 20 Golds 220.73 off 5.M 19.50 ltd Oil of N.J. 71. 10 Base Met 97.00 up .14 J1 OH took them to a civic reception at the Vancouver Golf Club In rocessmg cm 1003 4th Avenue S., Telaphone 328-4426 NEW YORK Coquitlam a municipality bor- dollar up at 1.02 13-32 in dering New -Westminster. It was the latest and moat terms of U.S. funds. Pound ster ling down to 30.50 Texas Gulf 117.62W 15 W Oils 223J1 fir Gulf Montgomery Ward 27.00' s 2% 30.37'A 15 uMlifles 107.23 up .12 Stock, 317.85 V l.U 20 Indusl rit .13 Volume SSKSS- as U.S. Steel Hargrave seeks nomination ft By GREG McINTYRE Herald Staff Writer MEDICINE HAT Bert Har- grave, a 55-year-old area ranch- er attacked the federal govern- ment's handling of farm policy AN EXPERIMENTAL AUTO- rtOSUE SUMPERpOFLWIQUE DESIGN, CONVERTS 95 OF CRASH ENERGY INTO HEW. THE HEAT IS CARRIED OFF BY METAL SHAVINGS FROM A TUBE DRIVEN THROUGH A WASHER-LIKE CUTTING TOOL BY THE BUMPER UNDER Pilots ask unions to join boycott WASHINGTON (AP) The Air Line Pilots Association asked all union workers today to join in boycotting airlines ol countries that sanction skyjack- ers and air extortionists. At the same lime, the union said it has arranged for special training for its members from the FBI on how to handle air pirates. John J. O'Donnell, association president, said If a boycott of countries serving as hijack ha- vens is to he effective, the pilots must have internal'.onal co-oper- ation from workers who service aircraft around the globe. O'Donnell made public a let- ter to AFL-CIO President George Meany urging him to in- duce other unions to join the boycott. No end seen in rail strike SYDNEY, Australia (AP) A nationwide rail strike was in its second day today wilh no end in sight. Roads into the, major cities again were choked with cars and trucks, but most people seemed able to get to work. Many workers HI Sydney left home early to beat the usual 7-to-9 a.m. morning rush-hour traffic jams. About train drivers and enginemen are on strike for higher pay. Thousands of non- striking railmen with nothing to do were laid off without pay. OLIVETTI CANADA LIMITED INTERNATIONAL OFFICE EQUIPMENT MANUFACTURER Requires the services of a sales representative in Lethbridge SoTary, bonus, fringo benefits and an excellent opporlun- for advancement. Selling experience preferred but not essential. A car is necessary. For appointment Mr. R. D. McDOWELL between 9 a.m. to p.m. Monday through Friday, at 327-2555 Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. providec by the Alberta Hog Producers Marketing board: Edmonton: 30.45, average Wednesday 30.52. Red D eer: 30.45, average Wednesday 30.21. Cnlgary: 30.45, average Wednesday 30.25. Lethbvidge; No sales, aver age Wednesday 30.44. Fort Macleod: No sales, av erage Wednesday 30.40. Grarf.e Prairie: No sales average Wednesday 29.55, Lloydminsler: No sales, av erage Wednesday 29.80. Tot al hogs sold Wednesday average 30.40. Sows Wednesday averagec 23.05. his announcement today to the Medicine Hat riding omination lor the Progressive onservative party. The Walsh rancher Is the lird declared contestant for je Conservatives. Declared are ohn Stanley, school teacher and president of the federal Medicine Hat riding association nd Duane Forsyth, former eacher and current resident of Veiling, south of Lethbridge. The Medicine Hat federal Conservative nominating con- ention will be held immediate- following Prime Minister 'rudeau's announcement of an lection. Mr. Hargrave said "I have increasingly concerned in the increasing tendency of the federal government to encourage the substitution of administrative judgment for the udgment of the market place." Mr. Hargrave said his con- cern centres on the agriculture sector, particularly in the Med- cine Hat area where it is a arger part of the economy than in other parts of Alberta. The candidate said he will comment more specifically about the job done by his op- on e n t, Agriculture Minister 3. A. (Bud) Olson as the cam- paign progresses. Mr. Olson, 46, has held Med- icine Hat for the Liberals since 1962. Plans sex meeting LONDON (Reuler) The proprietor of two British sex magazines is organizing an in- ternational conference on sex- ual relations to be held next year in Yugoslavia. Bob Cue- who owns Penthouse, a Playboy-style girlie magazine, and Forum, a more serious "journal of human said he expects up to 500 dele- gates. Mekhers has an for beauty and a reputation for quality Melchers ;