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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 15, 1972, Lethbridge, Alberta West oil stocks sharply higher TORONTO (CP) Western oil issues on the Toronto stock market climbed sharply higher Jor the second consecutive ses- sion as most sectors scored gains in moderate mid-morning trading today. The western oil index was up 4.30 lo 235.93, a iiigh for the year, industrials rose .80 lo 204.08 and golds to 209.M. Base metals were down .19 to 95.85. Volume by 11 a.m. was shares, at Ihe same lime Wednesday. Communication, merchandis- ing, oil refining, food process- ing, real eslate and pipeline stocks moved moderately higher while banking, trust and loan and construction and mate- rials issues drifted fractionally lower. Among oils, Dome Pete was up Ha to Pacific Pete 1'A to Gulf Oil to and Im- perial Oil lo SSB'i. General Dislributors gained 1 to 527, Molson B to ?20, Tara to Numac lo CP Ltd. V, to Brasean to and Murritt Photofax Vs to Home Oil A lost to Hudson Bay Mining 'A to 522, Bethlehem 14 to Pan Ocean Vt to Stelco >4 to and Asamera lo 518. SLUMPS SNAPPED MONTREAL (CP) Prices made a strong showing across the board in moderate trading on the Montreal stock markel today, snapping out of a recent slump. Industrials were up to 250.54, utilities .43 to 163.66, banks .50 to 249.86 and the com- posite 1.54 to 212.92. Papers were unchanged at 87.87. C o ri b i n e d volume on the Montreal and Canadian stock exchanges was shares a 11 a.m., compared wilh at the same time Wednesday. Oils led the advance on Ihe Montreal Stock Exchange as investors expected further dis coveries in the Arctic oil-gas re- gions. Pacific Petroleum was up to Gulf Oil Canada K, to Hudson's Bay Oil ant Gas i4 to ?41 and Imperial Oi Vz to Vi. West Coast Transmission gained 1 to Imasco Ltd. 11 Aquilaine to Can a dian Cablesyslems 3i to and Cominco 'A lo Credit Fonder was off 1% ti Great Lakes Paper tt t Hudson Bay Mining and Smelting lo 522, Simpson' Lid. Vz to and Walker-Good erham to 544. MODERATE TRADE NEW YORK (AP) Price plodded ahead in today's stoc market, but with none of II: verve that marked Wednesday' By Gene Fawcetle ASA RESULTOFRECENT TESTS FORTREATMENTOFHIfr CURS, DOCTORS ARE NOW RECOMMENDING SOMETHING OLD THAT'S NEW THEY SAY CASES Of PERSIS- TENT HICCUPS RESPONDED TO ATEASPOONFUL OF WHITE SUGAR SWALLOWED meet nffOLP WATfK rn A oad gains. Trading was mod- ale. The noon Dow Jones average 30 industrials was up 3.47 to 0.26. Brokers said Wednesday's lin of 8.50 in the Dow average id today's firmness might be lated in part to peace hopes nong buyers. Among Canadians on the YSE, Alcan was up to Canadian Pacific to and Massey-Ferguson Vs On the Amex, Brasean gained to and Scurry-Rainbow to Thursday, IS, 1972 THE LETHBRIDGE rUTRAtD 2il Toronto mines, industrials (Snpplied By Richardson Securities of Canada) a.m. Quotes) MINES Acme .38 Advocate Asb, 1.65 Akaflerto Bralorne LAST BID Oil SALE a.m. Ouotesi Brculan Belhlehem Brunswick Canada Tung. Casilar Central Pat. Chlmo Conwesf Cons. Rambler Coin Lake Cochenour Cralgmont Dlckcnson Wines Denison Doer Horn D'Eldona Dome Mines Dona I da Discovery Mines East MalarMc East Sullivan Falcon bridge Frotex First MariJimes Y.K. 20.37Vi Northpare Nor lex Oslsko Pine Point Placer Dev. P.C. Exp, fu-.oo a.m. .28 31 .W 40.00 3.60 .11 1.13 Rio Algom Roman Corp_ Sherritr Gofdw Sreep Rock 2.35 8.90 l.EO 3.70 6.00 44.00 Bay M-S 72.50 Grain prices Winnipeg Grain WINNIPEG (CP) Vancou- er rapeseed futures declined actionally in a mixed volume trade at mid-session on the 'innipeg Grain Exchange to- ay but Thunder Bay futures firm. Exporters were active buyers t both rapeseed positions but ic Vancouver futures moved iwer on inter-month spreading nd local and commission ouse selling. Flax continued to gain slight- on strong inter month Dreading, barley posled frac- onal losses on commission ouse selling to a limited de- mand aiid rye fluctuated frac- tionally In a dull business. Oats vas unchanged. Volume of trade Wednesday bushels of flax, of rapeseed and f rye. Mid-session prices: Flax: July 1% higher Oct. higher l-tf higher Dec. 1 higher Rapeseed Vancouver: June 1 ower 2.47A; Sep. VB lower .483eB; Nov. lower an. l% lower 2.45 UtB. Rapeseed Thunder Bay: July Yt higher 2.36HB; Oct. V4 lower Nov. Ifc higher 2.37A; Dec. UTxhanged 2.32B. Oats: July unchanged 6914A; Oct. W lower Dec. not open. Barley: July unchanged Oct. lower 1.10A; I lower Rye: July higher 1.01; Oct. Vi higher Dec. y4 higher 1.00H.B. Grain quotes Wednesday basis High Low Close Flax Jly 280 280 Oct 276 274U Nov 274 273% 274 Dec 272t6 Rapeseed Vancouver Jun 248 243 248 Sep 249% 249% Nov 248 245 248 Jan 245 24Gli Rapeseed Thunder Bay Jly Oct 23; Nov Hudson Hydra Iron Bay ISO Jolteh Kerr Addison Key Anaccn Labrador Lake Shore Langts Silver Madsen R-L. Atelartic G.F. Martin McNeely Maclntyre Mela Midrim Intern Mogul Nu West Homes Athona 15.03 1.96 Texmoor i, Upper Canatfa 'jt Western Mines B'JI; Wright Hargreaves i ii Wlllroy 1.23 MIS Wmdfall .11 Yellowknlte Bear Zenmac .15' INDUSTRIALS .46 Abltlbl .95 Afcan 1.90 Algoma 1M Atco Ind 7B.37Vi Allantic Sugai Agra Ind .70 Bell Tel Brazil B.C. 7el B.C. Forcsl B.C. Sug; Dcfasco Cable Fcfd of Am Grl Cdn Oil Gen Motors Grr Lakes Pp Gulf Oil Cda Greyhound Hawknr Sid 20.87Vi Hur Erie 8.15 Hiram Walker Imp Oil Imasca Nickel in! Pipe Inv Group A Int Ulil Ind Accept Laurenllde .11 Kelly Doug A 4.45 Lceb -ISL'j Loblaw A Met Stores McWilllan B'IM Moore Ccrp lK62Vj Mojs A Mot: 13.8 7 Vi Bow Ind 10.25 .23 40.00 3.30 .1? Cdn Brew Che nice 11 Col Cell Calgary Pow Coron Credit ?2 55 tO.M 21.00 20.50 33.00 8.75 7.75 2-05 J5.35 1.55 C.W.M, GSS Pfd 11.25 Cdn Ind Cnd. Marconi Cntt Vickers Chrysler C.P.R. We; .12 Cons Ba1h 16Va Cons Gas Dist Seagrams 9.75 Dem Bridge .14 Dcmtar ID! .55 Dom Tex .a Copper 2.35 Dom Stores 39.25 Dome Pete North Cent Corp Price Co. Rolhmarts St. Law Cofp Shell CDA SlmpSMi's Simp Sears 51eel of Cda Selkirk A Texaco Traders Grp A Trans Mln Pp Trans Pp Union Gas Union Oil VersHre Mtn Wnsfeet ,TIJ Unon car Weslon's B 28 75 Woodward's A Cdn Seed E'ec 30.25 BANKS 32.00 Montreal Wova Scotia 35.00 Royal 15.75 Can Imp 43.00 Tor-Do m 17 00 3.15 12.25 37.75 A3.DO 6.30 74 W 16.00 33.00 38.75 44.42V? 33.50 31.00 V.OO A5.75 1J.7S 3.95 7.75 19.SO 5500 47.00 35 77.J5 46.00 39.8 34.00 21.75 4B.50 1S.CO 20.50 19.00 27 75 A.50 2.90 31.35 36.35 30.00 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, McCuaig Limited) LAST BID OR SALE a.m. Quotes) WESTERN OILS Afmlnex 5.35 Alfa Eait Gas Asamera Ashland BP Oil Gas 4.90 18.00 HusXy Oil B Husky Oil War Inler Prov OuofesJ 13.00 a.m. Quotes) ntei Steel Cdrt Ex Gas Cdn Homesld Cdn (nd GBS Oil Cdrt Super Cdn Lorg Is Charier Cnledan Dome Pete Gl Pfalns Gt Cdn LcchJcl North Cdn Oil Numac Pancdn Pete Pan Ocean Pelrol icle 3.60 7.70 10-00 44.00 .54 4.50 8.10 42.35 30 35 6.30 1.50 5.10 16-8 7 14.35 11.00 1.19 .50 Kaiser Res MGF Manage Pacific Pcle Ralnkr SandweTI Teledyne West Cdn Seed Yukon WMtfleld CALGARY Ac roll Alta Gas A Mutual Gr F 5-54 6.09 4.35 Nat Res U.OO N W Fin N 7.18 7.B5 5.22 5.74 5.92 6.51 5.15 5.65 6.96 4.89 A. 50 12.00 1.32 Pond' Ranger Scurry Rain 15. Spooner Sclbcns 10. Tolal 6. Ulster 1. DccaHfl 5. West Pete 7. MISCELLANEOUS INDUSTRIES .S3 Aqua fa he Brinco Cdn Brew A Cdn Drew B Cdn Pflclffc Inv Cygnui A Cygnirs D Falcon Copper Genii a r Home A Home B Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd Hugh Russell Husky Oil Alia Gas PFd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans 1 Gaz Melro Trans Cda Pipa 1 Trans Cda B Trans Cda A Trans Cda War WC Trans WC Trans Wli MUTUAL FUNDS All Cdn Coi 3.30 Principal Gr 3.30 Royfund 39-CO Temp Gr 7.12 7-78 6.75 United Ac 5.50 3 95 Universal Sav 8.12 Vanguard 10.13 11.10 Cmnw Vent 7.73 VANCOUVER MINES Afron 1050 Atlas EKpfor ,42 .IB Ba1h None .95 .02 Brenda 5.30 .41 Brycon .19 STOCKS Churchill Copper -fS 53.25 Croyden .10 Davenwrt 1.71 Dankoo .75 Dolly Varden .39 12.75 Dynasty 10.12'A 24.25 FquHorJal .27 Fort Rplrance .39 Mascor New services for railway passengers OTTAWA (CP) The Cana- dian National Railways unveiled ivo rail cars Wednesday which ill provide new services for passengers travelling long dis- mecs. The rail cars were shown here to Transport Minister Don Jamieson and J. W. Pickersgill, president of the Canadian trans- port commission. A new "dayniter" coach, with reclining seats and food trays, will be introduced on the CNR transcontinental passenger trains between Montreal and Vancouver July 1. A rail car, able to carry up to six automobiles, will start oper- ating on the transcontinental passenger line between Toronto and Edmonton June 23. The dayliner cars provide re- clining seals with leg rests, car- peted floors, individual reading lamps and pull-out meal trays. Meals and snacks will be avail- able in the cafe lounge of the CNR transcontinental train, the Super Continental. Passengers will have lo pay a premium on Ihe regular coach [are. The premium is for travel belween Montreal and Winnipeg, 52 between Winnipeg and Edmonton and between Edmonton and Vancouver. The automobile-carrying rail car will be operated as an ex- periment for rail passengers travelling all the way from To- ronto to Edmonton or Edmonton to Toronto. It will cost a passenger lo ship his car, plus a minimum of two regular adult rail fares. West MPs demand action to speed grain deliveries _ 5.50 44.50 41.00 81.75 13 00 28.50 Graniste Lornex Lyllon Mineral! Primer Pyramid Silver Standard All Cdn Dlvld 6.75 All Cdn Vent Amr Gr F AGF Special Cdn Fnvest P Col Mutual Cmnw Inler Cmnv; Lev Invest Copper .08 Res 5.05 a.9o S.3S 2.25 .18V3 .35 1.47 -53 .25 Dollar value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds unchanged at 7-16. Pound sterling down 1 1-1G at 7- IG. NEW YORK CCP] Cana- dian dollar down 1-64 at in terms of U.S. funds. Pound sterling up 1-16 at 13-16. 30 50 36-50 2SJ5 7.42 INDUSTRIALS 12.35 15.00 30.50 3.J3 Block Brcs 5.08 5.S7 B.C. Sugar 6-89 7.57 B.C. Sugar Pld 14.45 15 68 Capt 3.90 4.29 Hys 6.18 Columbia Brew Corp 1n St F 5.23 5.71 Key Indust Dreyfus F U.S. >3.33 14.il Pacific Air Gr In Shares _ Equity' Invest Gr F Invest Mulual Mutual Ac 4.10 4.51 Stampede Intj Rti 6.CO 8.79 OILS 12.31 13.44 Albany Oil 5.84 6.39 Plains Pele 5.V1 6.50 West Exptcr 3.45 21.00 17.50 5.50 3.30 3-50 .60 TRADE TACT SIGNED MOSCOW (AP) The Soviet Union ajid China have signed an agreement on trade and pay- ments for 1972, Tass announced Wednesday. It said the agree- ment was signed in Peking by Deputy Foreign Trade Ministers Ivan Grishin of Russia and Lee Ihian of China. No details of the agreement were released. Dec Oafs Jiy Oct Dec Barley Jly 109 Oct Dec Rye Jly 246'i 235 232 70 Vt 111 111 Oct Dec lOH'a 100 Vi 10314 11014 IHBi lOO'l 100 70 Vs 109% JHRi 110% 100% 100 99ii Western Canada School of Auctioneering Ltd. Canoda'5 first, and the only completely Canadian course offered anywhere. Licensed under 1he Trade Schools licen- sing Act, R.S.A., 1970 C. 366. For particulars, write Box Lacombe, Alberta or Phone 782-6215 HANGOVER HELP LONDON (CP) Doctors at Middlesex Hospital have been invesligaling how to avoid lhat morning-after feeling. Their conclusions: Stick to clear alco- hols such as gin, white runi or vcdka in preference to red wine, brown rum and whiskey, which arc heavier in hang- over-inducing elements. They also recommend a tablet of fructose of fruit sugar while driving home from the party. THREAT GROUNDS 107 SYDNEY, Australia An Olympic Airways Boeing 707, carrying 12S persons, re- turned here Wednesday and made an emergency landing after the Greek airline received two anonymous threats that a bomb was on board. Police found no bomb. JS, 1003 4lh Avenue S., Telephone 328-4426 ervicei Neiv York stocks (Supplied By Richardson Secnriltes of Canada) Amr T and T 47.00 115.50 20 Golds up .89 Anaconda 19.75 Std Oil of NJ. 74.75 10 ffse Met off .10 Berh 3.9.nVi Texas Gulf 11B.OO 15 W Oils 235.48 up 3.65 Chrysler Texas Co 35.50 Volume Comsat 70.00 Wickes Corp 40.75 NEW YORK AVERAGES Dupont 170.25 Wodwofrh 34.37Vj 30 Indust 550.24 Up 3.47 GM 7950 Westinghcuse Etec 49.75 20 Rails up 1.53 KnennaCoeppS TORONTO AVERAGES d5 EfockS 317.00 up V2B Mofilsomery 24.12'A 30 Indust 504.81 up Volume By VICTOIl MACKfE Herald Ottawa Hurcail OTTAWA Complaints over grain movements were raised in the Commons Wednesday by several members of Parliament from prairie constituencies de- manding action to speed up de- liveries. Otto Lang, who reports for the Wheat Board, assured the House there have been discus- sions between the board and various elevator companies con- cerning the operation and distri- bution of rail cars for May, June and July. "Agreement was reached about the handling of this mai- ler to ensure that every pro- ducer would have (he opportu- nity to deliver grain to the ele- vator of his said the minister. Other statements made by Justice Minister Lang: (1) There is no intention to make any change at tliis stage in the initial prices for wheat barley and rapeseed. (2) The oats pool closed effec- tive May 19. It takes about one month for the Wheat Board to finalize accounts but before long final cheques will be in the mail. (3) The annual report of the Wheat Board is to be referred to the Commons agriculture committee soon. At the opening of Ihe sitting R. R. Southam Ju'Appelle Moose Mountain; tried to get the unanimous con sent of the House to introduce a motion. Liberal backbenchers refused consent. Mr. Soulham was worriec over the government's proposet policy to utilize the inland ter minals at Saskatoon and Moose Jaw to assemble unit trains tc ship cleaned grain to expor positions and the subsequen purchase af new hoppe cars to implement the policy He claimed it would add ddi tional costs to the grain movin. system and therefore to grain producer. Bill Knight boia) complained there was j lack of boxcar allocation b; railway companies to meet thi specified time of Wheat Boan Beef futures WINNIPEG bee futures close Wednesday. Jly 37.40N; Sep 35.75N Nov 35.75. Tuesday's volume: Two con tracts. uotas. Tliis created an inability Commons agriculture comml farmers to deliver their rain in the specified time. He Mr. Knight also failed to gel 'anted the question of boxcar (he required unanimous conscnl [location by the Canadian Pa- for ]JS motion. Liberal MPI ific Railway and Canadian Na- shouted "no lonal Railways referred to the Opposition Leader Robert .anficld voiced concern over delay in wheat ,t was resulting from ock strike in Quebec. He asked nd when Labor Minister lartin O'Connell would person- lly intervene to get the strike) ettled and the (locks operating gain. Mr. Knight In the question iod asked if quotas will be ex- ended so lhat rail cars may ba roperly allocated thereby ena> ling farmers to meet their de- .very requirements. Mr. Lang said the allocation f care is "handled effectively y the Wheel Board." idded, "so far as I know the ailwsys liavo been meeting Ilia equest of the board for tho potting of cars. There are from ime to time difficulties about he exact number of cars s LONDON (AP) Pilots who fly the world's airways are counting on Soviet and Yugoslav lycrs to join their one-day strike against plane hijacking. A spokesman for the Inlevna- ional Federation of Airline Pi- ,ots Association said the organi- hoped lo bring out all its of Ihem Soviet and in- ternational routes. The one-day strike, believet to he the first ever industrial acKon on a worldwide scale, has aeen called for Monday unless the federation's president, Capt Ola Forsberg of Finland, gets positive assurances of immedi ate United Nations action against hijackers and the coun tries which harbor them. The federation said Forsberg is due to mcel UN Secrelary General Kurt Waldheim in New York within the next two days and lhat nothing short of a posi live aclion could avert the pi lots' decision to strike. The federation said It coul cost the airlines and the coun tries they serve tens of millions of dollars not only from loss o passenger fares but from losse. incurred by the tourist Irave trade. Dividends By THE CANADIAN PRESS T. G. Bright and Co. Ltd., 1 cenls, June 30, record June 21 Canadian Pacific Ltd., cents; per cent pfd. Eerie, A, cents; four per cent Ca nadian pfd., 30 cenls; all pay able July 28, record June 27. Federal Grain Ltd., 10 cenls Aug. 1, record July 14. The Header's Digest Assocl lion Caaada Ltd., 21 cenls Jim 30, record June 14. needed for other commodities ind these are dealt with espe- ially by the very efficient vheat board." S. J. Korchinski kenzie) said the pools havt aken over the country elevators and there is no longer competi- ion at many points. He asked he minisler to suggest to tha iVheat Board that it request ele- vator agents to list the amount of available space at every loint. He said, "There seems to bi iome apparent discrimination against shippers who were merry not pool customers." A. P. Cleave (NDP-Saska- loon-Biggar) said there is a con- tinued decline of prices fof wheat, barley and rapeseed. This was having a effect" on the incomes of farm- ers in the west. He asked if it Is the intention of Mr. Lang to review and in- crease initial prices for coming year, for the new crop year, under the Wheat Board. Mr. Lang said he rejected premise of Mr. Gleave's open- ing remarks. He contended decline In prices has not been continuing but levels of prices have remained fairly constant in grains to which the member had mentioned. "There are of course periodic fluctuations in the case of rape- seed, but there is certainly no intention to make any change at tliis stage in Ihe Initial Mr. Lang added. Livestock report Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m., about head; moslly slaughter catlle. Trade moderate on steers and active on heifers and cows. Slaughter steers sold under pressure at prices 25 cents low- Court battle looms VANCOUVER (CP) The possibility of a court battle to decide whether the provincial government can order striking workers back on tlie job without a contract was the latest devel- opment Wednesday in British Columbia's construction indus- Iry dispute. Attorney-General Leslie Pe- terson announced that two Van- couver lawyers have been re- tained by the government and Instructed to lay charges against trade unions or Individu- als who defy the government order which invoked provisions of the Mediation Commission Act. His announcement came after a government deadline for a re- turn to work passed with only sporadic compliance from un- ions represented by the B.C. and Yukon Building Trades Council. to barely steady; heifers were fully steady to strong with sales to 34.30; cows sold under pressure. Choice slaughter steers 36 to 36.60, good 34.75 to 35.75, me- dium 32.50 lo 34.50. Choice heif- ers 33.25 to 34, good 32 to 33, medium 30 to 32. Good cows 26.50 to 27.50, medium 23 to 26.25, anners and cutters 24 to "S.SO. Replacements were moslly short keep steers between 800 and pounds and heifers between 600 and 750 pounds selling steady. No good stock calves offered. Good feeder steers more than 750 pounds 35 to 38.30; good feeder heifers 32 to 34. Hogs base price 30.65. Net earnings By THE CANADIAN PRES3 Heitman's Canada Ltd., three months ended April 30: 1972, nine cents a share; 1971, 7.4 cenls. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 30.65, Wednesday 30.76. Red Deer: 30.65, Wednesday 30.77. average average Calgary: 30.65, average Wednesday 30.83. Lethbridge: Nil, average Wednesday 30.30. Fort Macleod: Nil, average Wednesday 30.75. Total hogs sold to 11 a.m., 606 total sold Wednesday average 30.78. Sows averaged 22.95. Visifs Berlin wall BERLIN (AP) Fidel Castro viewed the wall dividing Berlin Wednesday night, East German television reported. The account said the visiting Cuban premier looked at the wall at the Bran- denburg Gate. He was accompa- nied by the chief of East Ger- man security and the military commander of East Berlin. INTRODUCTORY OFFER SIZE C78-14 (WHITEWALLS) Each, only Similar Savings On All Sizes: E78-14 .....23.95 H78-14 28.60 F78-14 .....24.95 G78-15.. ..26.75 G78-14.....26.75 H78-15 .28.60 (WHITEWALL) SEE US FOR SERVICE and SAFETY'S SAKE! SHOCKS BRAKES ALIGNMENT BALANCE Al! work performed by specialists to assure safety and long lire life! "THE BEST DEAL FOR EVERY WHEEL" CONVENIENT TERMS AVAILABLE JUST SAY- "CHARGE IT" UNIROYAL LETHBRIDGE 1621 3rd Ave. S., Phone 327-5985 TABER 6201 50lh Phone 223-3441 FERN1E, B.C. Phone 423-7746 ;