Lethbridge Herald, The (Newspaper) - June 12, 1972, Lethbridge, Alberta
Stock prices up in quiet trade Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Uohcrty, McCuaig I.imilcd) LAST HID Oil SALE WESTERN OILS Uufllesl 550 TORONTO CCP) The To- ronto stock market edged frac- tianally higher in quiet mid- morning trading today, erasing losses suffered during the open- ing minutes of (he session. the industrial index up .0! to 202.OS ami western oils .53 to Base metals were un- changed at 96.10 and golds dropped 4.13 to 2GG.95. Volume by 11 a.m. was shares, down from at the same time Friday. Despite the turnaround, de- clines still held a narrow mar- gin over advances, 114 to 93 with 102 issues unchanged. Banking, merchandising, real estate, food processing and in- dustrial mining stocks moved fractionally higher while bever- age, oil refining, steel, utility and general manufacturing is- sues remained lower. Murritt Photofax was up lo International Utilities Vi to S46-1i, Dylex A to City Savings and Trust to and Della-Benco Ltd. Vi to ?5. Siebens gained ]A to Rio Algom Va to Asamera to Shell Canada tn Tara Vs to and Denison to Gulf Oil Canada dropped to Aunor Gold Mines 20 cents to Scurry-Rainbow Vs to Abitibi Vi to and Acklands Vb to PRICES STEADY MONTREAL (CP) Prices held steady on the Montrea stock market today with onlj light movement in either the )lus or minus direction. Utilities gained .32 to 161.56, banks .97 to 24G.G8 and the com- posite .13 to 209.03 while in- dustrials lost .04 to 216.05 and papers .02 to 84.70. Combined volume on the Montreal and Canadian stock exchanges was shares, compared with at the amc tim Friday. Wcsluurne Industries was off IVs to Peoples Depart- ment Stores ft to B.C. Telephone to Border Chemical to La Vcren- rirye Management Cirp. to and Royal Trust to Bank of Nova Scotia was up to International Utilities to Pacific Petroleum to SLOW TRADE NEW YORK CAP) Prices made moderate gains in today's stock market after five straight sessions of declines. Trading was slow. On the New York Stock Ex- change advances led declines about 7 to 4. The noon Dow Jones average of 30 industrials was up 5.01 to 939.41 Distillers Seagrams uas up at among Canadian issues on the NYSE, Mclntyre Porcu- pine added lo while Ca- nadian Pacific was ahead at On the American exchange, Brascan added Vs to Gold price drops LONDON (AP> The price of gold plunged on Europe's bul- lion markets Monday, sharply extending Friday's fallback from, record highs. The U.S. dol- lar held steady. Gold fell more than S3 an ounce in both Zurich and Lon- don, the two major European centres. It was tlie biggest drop Oil, gas lease sale neis govl. over EDMONTON fCP) The Al- berta government-has received over from a sale of petroleum and natural gas re- servations. Largest single bid was 576 or rights to acres in the Buck Lake region of central Alberta, This was by Trans- Canada Gas Prod ucts Ltd., Chieftain Development Co. Ltd. and Sunningdale Oils Ltd. Bailey Selburn Oil and Gas Ltd. and Phillips Petroleum Co. submitted the second-larg- est bid of for acres in the Winefred Lake re- gion of northeastern Alberta The only other bid of more than was by Pacific Petroleums Ltd. nnd Amoco Canada Petroleum Co. Ltd This was for IG.-ia acres near Rimbey in centra Alberta. Bids were accepted on all 14 parcels offered. 6.65 3.60 7.35 .53 S55 35.75 19.15 6.05 5.1 S T6.50 Asamera Ashfand BP Oil Gai Cdn South Cdn Eii Gas Cdn Homcstd Cdn Ind Gas OH Ccfn Super Cdn Lang It ChfcFlan Dome Pe1e G! Plains Gt Cdn 011 Lochlel Ncrlh Cdn Oil nnc itdn Pele Ocean Petror; Pinnacle Place Gas Ponder Ranger Scurry Rain Spconer Seitens Tol.il Pete U tiler V. Decalta 5. West Pe1e 9. MISCELLANEOUS INDUSTRIES Aqualaine 23. Brinco 6 Ctfn 6 rev; A 30 Cdn Brew B 35 Cdn Pacific Irw 26 Ind 23 Cygnus A S Cygnus B 5 Falcon Coppsr 11 Genstar 15 Hugh Russell 30.75 Husky Oil 14.75 Husky Oil War 4.00 Inrer Prov I'Jpe 13.50 Infer Prov Steel 5.15 Kaiser Res MGF Manage ?.PO Pacific Pete 3600 Rainier 6.7S Sandwell 3.6U West Cdn Seed 6.611, White Yukon 1? Westfleld 1.37 CALGARY Acroll Barons Oil Madison Norlh Con! .05 Warner .42 PIPE LINE STOCKS Alfa Gas A Alia Gas Pfd 69.75 -J3 Alta Nat Gas .'0 Inland Nat Ga 16.25 .58 N and C Gas 12.25 17.75 N find C B Pfd 25.59 Pacific Trans 13.00 a.n Murual Gr Nat Res N W Fin H VI Gr Principal Royfund Temp Gr United Ac Universal Si Vanguard Cmn.v Vent Quolesl F 5.51 7.0? 7.75 5.JZ 5.90 8.07 887 Bath Ncrse .IS Brenda Churchill Copper Crcyilen Dankce Varden Dynasty Equilori Pert .81 10.50 1.36 Metro Metro Cda Pipe Trains Cda A Cda War we Trans W1s 5.121'z Lornex Lylion Primei S2-M Pyram elia Min als 9.00 8.50 2.00 Hoine B Hvtf Bay Co Hud Bay Oil Hud Bay Oil Pfd 45.CO lid Standard Texmcnt ____ 8.75 MUTUAL FUNDS Valley Copper 1 All Cdn Com 8.32 9.09 WC Res All Cdn Divid 9.17 10.1Z INDUSTRIALS 12" AM Cdn Vent 4.11 -i.J? Block Bros Amr Gr F 6.67 7.32 B.C. Sugar AGF Special B.C. Sugar Pfd 1 Can Invest F 5 01 5.50 Capt Inlcr Ccl Mutual S.S1 7-43 CrcsibrocK F Ind Cmnw 6-JB Columbia ?s Corn Invest ft.15 6.73 Key Indust Torp In SI F 5.73 Pacific W Air Dreyfus F U S, 13.22 >J.J9 Sfampetfe Inll Res Gr Equity 7-8-1 8.41 OILS Invest Gr F 12.23 13.37 Albany Oil Invest Mutual 5-82 6.37 Plains Pete Mutual Ac 5.E6 S.4J West Explor 31.00 17.50 40.35 Toronto mines, industrials (Supplied By Richardson Secnrllles o! Canada) LAST BID OR SALE a.m. OUDTSS! flliOO B.m. Ouotesl a.m. Quores) MINES Afcsilcho Bralcrne Brouian BelMehem Canada Tung. Cassiar Central Par. Ccnwest Ccns. Rambler Coin Lake Nor lex .15 Osisko 1.61 Pine Prlnf .63 Placer Dev. 2 40 P.C Ex-. .31 Quebec Man 20.37V'j Rayrock 1.50 U..rO 1.55 1.15 7.35 .37Va Cable Grt Cdn Oil Gen Motcn Grl Lakes Pp Gulf Oil Cda Greyhound Hawker Sir! Huron Erie Walker .23 30.75 75 4.00 ,11 1.17 Craigm nt .55 8-45 1.75 30.7? 8.15 1.80 3 60 n the metal's price since all ime highs of between am 3fi8 an ounce were set last week By Monday morning, the third day of (he downturn, gold was quoted at an ounce in Zu- rich, in London and in Frankfurt. The metal closed in all three centres last Friday at an ounce. Dealers said trading was very active One dealer here blamed the drop partly on news reports cluring the weekend lhat gold had reached unrealistically high prices. DROP ANTICIPATED The downturn had been ex- pected since the middle ol last week when David Lloyd Jacob, a manager of Consolidated Goldfields in South Africa, said the market had gone wild. He predicted a price of an ounce soon. He said in London Monday "there is nothing sur- prising in the current state of the market." He added that South Africa, which produces 90 per cent of the non-Communist w o r 1 d 's newly-mined gold, could sell normally to the bullion markets at the level. The run-up to record highs last week was blamed partly on rumors of a secret deal at the U.S.-Soviet summit meeting in Moscow for a substantial rise in gold prices. The Soviet Union is the world's largest gold pro- ducer after South Africa. The White House, however, repeat- edly denied any such deal and the gold market eventually turned down. Mines Dcnlscn Mines Deer Horn D'Eldcna Dome Wines AI dona Discovery Mines Fast Malar He East Sullivan Fafccnbrldge Frofcex First Marllimcs Giart Y..K Bovls GranrJue Headway -06 Holllnqer '3-00 Hud.cn Bay M-5 22.75 Hydra Ex. .24 Iron Bay Jolic-t Quebec Kerr Addiicn Key Anacon Labrarfcr Lake Shore Lanqis Silver Mad s en R.L. rAaiarlic G.F. Marlin McNeely I n ty re Mela Alldrim Intsrn Menu! Nu West Homes New New Horse Ccpper Bear Silver Miller Srcep Rock Tek Corn. UoDer Canadi Western Mine Wr rnnt Hargi Willroy Windfall Zenmac INDUSTRIALS AbillbE Alcan Afooma t Atlantic Sugar Agra Ind Bell Tet Brazil TVac B.C. Tel B.C. Forest B.C. Bow Vat Ind CAE Ind Imp Oil 05 1 ma se Nickel mt Pipe ci Irw Group A Int Ulil InfJ Accept Laur nlidc Crfn Brr- ell _ H 00 i Col Cel Calgary Fewer Coron Crsdit C.W.N. Gas PftJ Kelly Dcug A Loeb j'V A 'li Mel Slores Masiey Ferg McMillan Bice 8_EO Moore Corp Molsons A Vlli'j Nurih Cent 1350 Power Corp Prfce Co. Ai oo St. Corp ?075 Shell COA Simpson's 33.55 Simp Sears p I2i.'j Sleel of Cda Selkirk A S Q-) Texaco !TD Traders Grp A 35.00 Trans Mtn Pp i ci Trans CtJa Pp Unic 3..-0 cdn Ind .07 Cnd fdn Vickcrs 75 Chrysler C.P.R. (I.'O Cominco .13Vi Cons Hath Ccns G35 Olst Seaarana! 9.50 Dom Brldgt rile Uni .U .25 Doi Dei 33.6 Dome Peri i.55 Dofasco IB io.ro 1B.OO 36.75 31.7S 14.25 30 W.'O 3BJ5 Oil Car 19. CO 61.00 6.30 1J.CO 30.75 19.50 3.B5 2E.CO Ji.DO 37.75 23.P7V? 32.75 29.75 J4 50 19-15 13- 25 7J5 J.20 IkCO 8.00 19.00 75- CO AJ.OO 27.15 33.50 25 21 -S3.CO 15.37V 73.00 44.50 1-5.25 Sea pollution principles endorsed STOCKHOLM (CP) The Canariian delegation exprosecl elation today as a United Na- tions environment committee endorsed a set of principles on sea pollution and gave a nudgu to a Can ad tl rive to arm coastal states with legal power against ships which pollute in- ternational waters. The next big Canadian step is try to have the principles turned into international law at tho 1073 law of the sea conference, Man Beesley, head of the ernal affairs legal division, aid the action of the committee onstiUites a major victory for anada. The committee collec- vely endorsed Thursday a set 23 principles Increasing na- onal responsibility for pollu- oii in international waters. The committee also took note nd agreed to pass to the 1973 lu'-of-thc-sea conference the 'anadian proposals that would jve coastal states legal power o eliminate the pollution threat n neighboring international wa- ers and also seek compensation rom the ship owners. In effect incorporation of the !anadian proposals into interna- ional law might give Canada, or example, the right to send >lanes out to bomb a crippled anker if oil spills threaten Ca- nadian coasfs. Strengthening the law of the sea might also increase Cana- dian power to seek compensa- ion in such cases as the Cherry Point oil spill in Washington state M'here leaking oil spread o Britsh Columbia coastal wa- Canada-V.S. talks urged on treaty for natural gas HOT (CP) A natural gas company cxccu- ;tvc said today the United States industry is no longer cap- able of meeting domestic needs and urged negotiation of a U.S.- Canada treaty on nuturul re- M. Sampson, vice- Weslon's A Cdn Seed 7enilh Flee BANKS Me n1 r Imp 31.75 27 .CO 6.75 3 .75 24.37V 19.75 35.25 31.50 29.75 KCINOVISION York stocks (Supplied By Ricliartlson Sccnrilies of Canadu) SO Golds 71.8'W 10 Base Met V5.76 ofl .1 15 Oils 22S.9I up 31.75 Volume 9-1 YORK AVERAGE 35.B7V3 30 Induct 939.4? up S-M VVestlnghouie Elec 20 Rails ?46.B2 up 2.05 U.S. Steel 30.00 15 Utilities 1W.44 off TORONTO AVERAGES 65 Slocks 315.5S Up l.W l.Oi Volume Seal- W.50 Sid OH ol 30.25 Texas Gulf Texas Wickes Corp 16i.50 Wool worm Amr T and T Anaconda Bclh Steel Chrysler Comsat Dupcnl GM Gulf Int Harveselr Montgomery Ward UXJVt 20 Indust 303.11 up 33.50 Livestock report sources. Herbert president of Northern Natural Gas Co., of Omaha, Neb., said however that before attempting lo negotiate such a treaty, the U.S. must "put its house in order" and also "begin to re- gard Canada in a more realistic light." "Canadian nationalism, which 'Prime areas' are protected VANCOUVER (CP) A na- tional parks branch spokesman said here proposals for a million development at Lake Louise, inside Banff National Park, "remain flexible" and there still is no firm decision to allow it to proceed. tends to panic some American businessmen, is simply a grow- ing awareness within Canada of its maturity and he said in an address to the Inter- stale Oil Compact Commission, a 34-slate organization devoled to oil and gas conservation. Text of his remarks was re- leased in advance. The gas reserves of Alaska and the Canadian Arctic islands and mainland could make a sig- nificant contribution toward im- proving the U.S. energy supply, he said in warning that by 1975 there will he an annual U.S. def- cit of gas estimated at up to 24 .rillion cubic feet. GAS EXPORTS RESTRICTED His company has been in- Gi 'am prices Winnipeg Grain WINNIPEG (CP) Rape- seed continued to decline and was to lower at mid- session on the Winnipeg Grain Exchange today. There also was a general The Knights of Columbus Council 1490 is pleased to announce the winners of their recent Kcinovision Bingo on CJOC-TV, GAME 1 Lloyd Anderson 2125 Illh Ave. 5. lothbridga Reginald Gill Picture Bulls Walter Graham Claresholm Roxanne Limoges 703 9th Ave. S. Lethbridge Edward Rarkk Foremost Gino Faoro Pincher Creek Mrs. Joyce Smith Blairmore Judy Rafh 1405 20th St. N. LelhbrTdge Elsie Bryat Hays Mrs. Byron Kunsman 2115 6th Ave. N. Lethbridge Mary Ann Robinson T910 8th Ave. N. Lethbridgo The council thanks alt those took part in bingo and we'll see you again In the fall! Calgary livestock CALGARY (CP) Light re- ceipts to 11 a.m. 011 the Cal- gary livestock market, 450 head mostly club cattle and cows. Trade active. Slaughter steers and heifers steady with last week's close, with no strict- ly choice kinds on offer. Cows mostly in the lower grades, all grades sold steady, odd sale to 27.80. Good to low choice steers 35 to 37, medium 33 to 35. Good to low choice heifers 32 to 33.30, me- dium SO to 32. Good cows to 27.50, medium 25 lo 26.25, eanners and cutters 24 to 24.SO. Replace ments mostly 4-H cluh cattle 800 to 900 pounds, selling steady. There were no good replacement calves on of- fer. Good feeder steers over 750 pounds 35 to 37.50. There w ere no hogs sold FOB Cal gary to It a.m. Mocleod Livestock FORT MACLEOD On of- fer last week at the Fort Mac- leod auction market were 77] head of cattle antl calves. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 30.45. Average Friday, 30.75. Red Deer: 30.35. Average Friday, 30.75. Calgary: 30.35. Average Fri- day, No sales. Aver age Friday, 30.70. LloydminsEer: No sales. Av crage Friday, 29.30. Fort Macleod: 30.50. No sales Friday. Total hogs sold Friday Average 30.73. Sows averagi 23.00. lack of ititerest in flax as that commodity was fractionally, lower. Rye was to lower under some hedge selling. Oats and barlcy were un- changed aiicl featureless, Friday's volume of trade was bushels of rapcseed, GG4.000 bushels of flax and 000 bushels of rye. Mid-session prices: Flax; July -I'l lower OcL -Vs Nov. lower 2.74Vi I Dec. la Rapeseed V anc ou ver: June lower 2.42; Sep. Vs lonsr Nov. 1 lower Jan, lower Rapeseed Thunder Bay: July 1M) lower 2.31H; Oct. 1 lower 2.3114; Nov. !fc lower 2.36; Dec. not open. Oats: July unchanged 59U; Oct. unchanged 70'A; Dec. not open. Barley: July unchanged .09Vi; Oct. unchanged >cc. not open. Rye: July lower OcL unchanged 1.01; Dec. ".ower Flour mill hike in earnings MONTREAL Ogilvie Flour Mills Co. Ltd. reports net earnings of or 62 cents a share for the year ended April 30, compared with or 57 cents a share for the pre- vious 12 months. pgilvie president J. W. Tiat said in a statement that while gross sales slipped about to during the date, milk operations showed excellent growth and flour operations were satisfac- tory in a highly competitive sit- uation. Strong competition in con- sumer foods and low prices for poultry and livestock products in the feed area significantly re- duced operating income. Edmonton band wins award PORTLAND (API The scent of a million flowers and the sound of 27 bands filled the streets as more than spectators turned out For the grand floral parade, grand fi- nale of the frith annual rose festival. Singer Ed Ames, this year's grand marshal, led the proces- sion of 33 floats past spectators who stood five deep at points along the three-mile route. The Edmonton all girl drum and bugle band from Ed- monton got the special honor >and award. Roman Fodchuk, chief in a number of explora- onal planner with the undertakings in Alberta, old the Canadian Roadside Columbia, the Northwest velopment Conference that and the Arctic but jovernment has reserved of shifting regulatory >ri me areas' at Lake Loui it has been "exceed- as difficult to arrive at pru- "The most outstanding, business discussions'" qi ic areas are not i n vil energy board has said Mr. Fodchuk. ruled against proposed .ook inventory of the site gas exports to the lave set aside the prime .hrough is becoming increasingly The planner said the that regulatory bodies ment now is analyzing both the United States and dreds of letters and briefs must have rigid guide- :he ultimate word on the provided by a opm en t proposal will on natural resources." from the northern concept of a continental and Indian Affairs policy has been broadly in some Canadian. The development on grounds it might called Village Lake Louise, the U.S. too great a grip on a planned partnership natural resources that Lake Louise Lifts Ltd. and be needed there in the fu- perial Rapeseed board EDMONTON (CP) The on the world market, Its berta Grain Commission elasticity" is high, Mr. been considering selling said. seed through a provincial other words, an increase keting board but is not ready the price lowers the total recommend such a step at of money spent for ent, commission which means thai John Channon said cannot be held off tha "I have the feeling for long. farmers in this province Channon said he believes rather that rapeseed since holding a commodity tho mat-lrfif TC ftf thfl Slaughter slecrs and l.UU sold 25 cents lower with stronger and all classes of 50 tlacemcnts Choice steers 37.00 to (A P) choice heifers 33.50 to 50 persons were sales to when a bus in Good cows 23.00 to 29.00; were riding ran off dium 25.00 to 27.50; into a and cutters 18 50 to 24 00' ogna bulls 28.CO to Good short keep steers 36.25 lo 37.80; good stocker steers (550 to 650 pounds) 43.00 to 45.00; (450 to 550 pounds) Gene FawceUe to rue WORKSHOP Fleshy heifers (500 to NEW VERSATILE pounds) M.OO to 36.50; PER- ments (500 to GOO pounds) THE USERTOSETTHE to '10.00; (jreen (450 to THEN OPEN AND ClOSE pounds) 38.00 lo ANY NUMBER OF 7WES Good cows with calves ALTERING THE SET- foot lo 435.00; AW ECCENTRIC HANDLE to WE Field service at Highway Feeders in Raymond showtd 762 head on offer. Choice steers 37.00 to SSlD choice heifers a4.00 to 34.30; cows 28 50 to 29 00' cows to 31.00; Holstein steers MADE MONTREAL (CP) mavik, the former pavillion at Man and His is to be converted into a structure with a 15-to-20-year PlASTlCf NATIONALLY KNOWN TO COVER IETHBRIDGE AND COUNTRY Established lerrilory w ih established Salary plus bonus, all expenses Normal company fringe Apply Box 108, Lethbridge wheat the chairman main functions of a marketing said in a prepared statement, hoard, rapeseed does not lend Because rapeseed oil has to itself ready to a board-type compete with many other oil- of marketing system. OLIVETTI CANADA LIMITED INTERNATIONAL OFFICE EQUIPMENT MANUFACTURER Requires the services of a sales representative in Lethbridge Salary, bonus, fringe benefits anJ on excellent opporlun- ify for advancement. Setlmg experience preferred but not essential. A car is neccsjory. For appointment Phono Mr. D. J. McDOWELL between 9 a.m. lo p.m. Monday through Friday, at 327-2555 AWNINGS AND SHUTTERS FIBREGLAS AWNINGS Curved Icp fibreglos awnings. In green, yellow, son da I wood, blue. Available for win- dows up to 129" wide. For windows OR up lo 36" wide.......... ONLY 20 VENTWOOD AWNINGS Slufdy sleel with cedor slals. Can be painled or stained. .35 Example: 6 foot. EACH, ONLY____ 12 ALUMINUM AWNINGS Baked-on decorator colors. Ensure perma- nent colors. Ensure permanent bsauly and fresh allractiveness for your home. Sizes available up to For windows up to 36' wide, ONLY EXTERIOR SHUTTERS I exterior shutters -Primed 16" widths PRICED FROM, EACH SHORT OF CASH? CHARGE IT CRESTLINE BUILDERS MARKET LTD. 'lETHBRIDCE'S INDEPENDENT BUILDIN6 SUPPLY HEADtiUMTEilS" 129 30th St. N. Phono 327.5444 or 327.511' USE YOUR CRESTLINE BUDGET ACCOUNT!