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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 22, 1972, Lethbridge, Alberta 22 THI IF1HBRIDGE HKAID Thundoy, it, Western oils buck doivn trend TORONTO (CP) Western oil issues on the Toronto stock market remained fractionally higher in moderate m id-morn- ing trading today while prices in other sectors drifted fraction- ally lower. The industrial index was down ,07 to 203.56. COlds .48 to 210.55 and base mcTnls .25 to 94.84. Western oils were up .43 to Volume by 1! a.m. was shares, down from at the same time Wednesday. Oil refining, pipeline, bever- age, food processing, trust and loan and chemical issues moved moderately lower while bank- ing, paper and forest, communi- cation and steel stocks climbed higher. NSI Marketing was down to S10, Interprovincial Pipeline to Texas Gulf Inc. to S16V4, Heitman's A Vt to 129% and Tara to Imperial Oil fell to Pacific Fete 'A to Denison to ?33, Bank of Montreal to and Falconbridge to Delta-Benco was up to Glendale Mobile Homes to Foodex Systems to Chrysler to Numac to Dynasty to and Canadian Export Gas five cents to MONTREAL MONTREAL (CP) Prices in all sectors but papers dipped lower in moderate trading on the Montreal stock market Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Huherty, LAST BID OK Otioo a.m. Quotes] WESTERN OILS Ouoissi Jjtmtrrt) a.m. QuoFet) ioday, with utilities posting the biggest loss. Papers recorded a gain of .19 to S8.26 while utilities dropped .42 to 164.10. The composite lost .36 to 211.31, industrials dropped .23 to 218.25 and banks .11 to 248.83. Combined volume on the Montreal and Canadian stock exchanges was com- pared to 2.16 million at the same time Wednesday. Wednes- day's high figure was due to a large transaction in Yukon Con- solidated Gold. Rapid Data was off to Maritime Electric to tt, Du Pont ifc to and Ileitmaii to Bank of Nova Scotia was up to and Great Lakes paper to On the Canadian Stock Ex- change, Fallinger WES up seven cents to on a volume of shares. NEW YORK NEW YORK (AP) Stock market prices took a nose dive today, interrupting a mild two- day rally. The Dow Jones average ot 30 industrials at noon was off 5.4U at 946.12. In the last two ses- sions, the Dow rose some 9 points. Among Canadians, Distillers Seagrams was down to Dome Mines to Mclntyre Vi to and Walker-Good er- ham VB to Canadian Pa cific advanced to Inco to and Massey-Fergu- son to Alia Hast Gas Asamera Ashtand BP Oil GAS Can South Cdn Ex Gas Cdn Hcmesld Cdn Ind Gas Oil Cdn Super Cdn Long Charter Chleftan Dome G> Plains Gt OH ochlcl tvth Cdn umac ancdn Pc1e an Ocean elrol innacle lace Gas nper 4.65 11.75 5.25 6.60 3.50 7.75 45.50 .50 J 11 3SS 35.7S 6.7 S J 10 6.75 11 1.30 Grain price review Winnipeg Grain WINNIPEG (CP) Rape- seed prices were unchanged lo slightly higher in an extremely dull volume ot trade at mid-ses- sion on the Winnipeg Grain Ex- change today. Local and commission houses were traders in that com- modity. The rest of the market was barely active and featureless. Volume of trade Wednesday was bushels oE flax, of rapeseed and of rye. Mid-session prices: B'lax: July Vt lower 2.79'AA; Del. Vt lower 2.80A; Nov. Vt lower Dec. unchanged 2.75MA. Rapeseed Vancouver: Juna unchanged 2.55B; Sep. 1% high- er Nov. 1M higher 2.57t4; Jan. unchanged 2.55B. Rapeseed Thunder Bay: July Vt lower 2.41; Oct. Vi lower 2.41 WB; Nov. unchanged 2.42WB; Dec. unchanged 2.34V4B. Net comings By THE CANADIAN PRESSS Agra Industries Ltd., nine months ended April 30: 1972, 62 cents a share; 1971, S786.246, 51 cents. Oats: July unchanged Oct. unchanged 70ViA; Dec. no1 open. Ba rley: July nnchange New Calumel Noranda Nortex Oslsko Pine Point .Placer DC- Rio Algom Roman Corp SherriU Gordon i Silver Miller Steep RocV; Tek Corp Texmont Upper Canada Western Mines 3 M Wright Hargrcavcs 1.17 Windfall .'i Dear i.23 40.00 Cable Grt Cdn Oil 1.13 Gen Motors Gulf Oil Cda 8.ID Greyhound U B7Vi Hawker Sid OS Hur 8, Erie 1.75 Hlrarn Walkej A Imp Oil Int Nickel Inf Pipe 7, 40 In Gro 8.55 1.70 3.60 Burns ,05V] 41.25 41.75 INDUSTRIALS Ahitlbi Alcan Algoma Sfeel Atco tnd Atlantic Sugar Aqra Ind Boll Tel Brazil Trac .C. lei Inl U1II Ind Accept I aurentlde Kelly Doug l.oeb Lobtaw A 9J2V'i Met Starts Massey Ferq McMillan Bit Mocrc Corp Molsons A B.C. Forest B.C, Sugar Inrf .24 .22 30.25 3.30 BOW CAE Ind Cdn Brew Col Cell Calgary Po-v Coron Credit C.W.N. Gas Pf Crfn Marconi Cdn Viewers Chrysler Comlnco Cons Salh Cons Gas i Cdn Nat G.v Dist Seagrams Dom Bridge Dornlar Dem Tex Dom Stores Dom Pete Dofanco Ford ot Am 6.CO 13.50 J3.SS tC.DO U.75 21.75 30.50 31.75 8 25 7. JO 5J.75 11.IS 17.CO 3.65 11.00 J1.2S 18.35 2J.OO 35.50 31.DO 1J.75 30.75 North C-nf PcwEr Corp Price Co S-alatfa Foods Snell COA Simpson's Stoip Sears-, 51 en I of Cda Texaco Tradcri Grp A Trans Mtn PR Trans Cda Pp Union Gas Union Oil Versatile Mfa WesFeel Union i Westwi's B Wocdward's A West Cdn Seed 7-enlth Elcc BANKS Can Imp M.M 15.25 31.75 19.50 3.75 9.60 31.87'A 31.75 8.75 7.00 4 35 7.50 32.12VJ U.37W J7'.40 16.B7V6 3SJ5 13.43'. 17.W 9.75 13.00 3.75 27.13V 39.75 33.50 49.00 16.25 21.00 43.75 13.75 16 12Vi Montreal 75.50 Nova Sci Royal 61.SO Tor-Dnm ilia 41 6.62V M.611 17.75 tt.12! 28.75 6.75 2.M J5.SO 20.00 3A.50 31.00 37.50 New York stocks (Supplied By Richardson SecnrlHes of Canada) Amr T end 1 Anacotida Beth Steel Chrysler Dupont GM Gull Inl Harvest Kenft Copper Sears t Sid Oil of H.J. Texas Gulf Texas Co i Wlcfces Corp Woolworlh j 20 Gold! 211.35 w .iS 1675 10 Base Met y the producers would likely be spent in Alberta rather than other exploration areas, he said. An increase of 10 cents a housand cubic feet would be enough to spur further Alberla exploration provided there was made the fine and not 'not less more than than Fire destroys rain elevator THOCHU, Alia. fCP) The iccond of this community's five j lose million, wiping away all profits for that year." New distributor rates would have to be approved by the Na- tional Energy Board. G. W. Cameron, general man- ager of the Independent Pe- troleum Association of Canada, said there should be no fear about any time lag. "There has to be a realiza- an "awareness" of more In- creases to follow. H. J. Knowles, counsel for the Consumers' Gas Co. Ltd., of To- ronto, asked if a 100-per-cent in- crease in the gas price would add to inflation and whether it would spark public demand for stiff price regulation. Prairie dairy producers join federal market plan OTTAWA (CP) Agriculture Minister If. A. Olson Wednes- day announced that dairy pro- ducers in Alberta, Saskatche- wan and Manitoba will join the market-sharing quota program this year, He said in a news release that "agreement to participate in the program has been concluded be- tween the Canadian Dairy Com- t01 rain elevators was destroyed >y lire Wednesday night. Volunteers from Trochu, 60 miles southeast of Red Deer, Three Hills and Rumsey fought he blaze wliich destroyed the Jnitcd Grain Growers elevator. The Alberta Wheat Pool eleva- or, formerly owned by Federal jrain Co., was destroyed in a 'ire May 7. The e a u 5 e of the blaze was not immediately known. Beef futures WINNIPEG beef futures: Jly 37.50N; Sep 36.00N; Nov 35.50. Tuesday's Volume: no con- tracts. of these problems and with this realization the mechanisms will adjust accordingly." Sherman H. Clark, who con- ducted a study by the Stanford research institute into the field price of gas, said western Can- ada is still one of the top areas in the world for the exploration of oil and gas. The study said Alberta gas could double in price to 40 can'.s a thousand cubic feet and still compete against other fuels such as Another study, which ranks the desirability of oil Hon areas, puts Western Can- ada near the top partly be- cause any petroleum found here is more easily marketed than that from frontier areas. If the price of gas is raised, mission and the agencies of the three provinces." T h e to provide a balance between dairy products and market re- allot sharing quotas to producers in each province based on previous pro- duction patterns, Quoia deliveries by producers will receive the Canadian mar- ket price while excess deliveries will- receive a lower price re- lated to export requirements. The arrangement will elimi- nate the possibility of dairy product surpluses. Prince Edward Island. Quebec and Ontario also belong OTTAWA (CP) The Cana- market sharing program, dian Dairy Commission Wednes- i Tlle Canadian Dah-y Commis- day announced that it has fixed slon also announced Wednesday Minimum price is announced the minimum charge on surplus deliveries by milk and cream shippers at 51.50 per hundred- weight. Rates now being charged are per hundredweight. that manufacturing milk and cream shippers in Alberta, Sas- katchewan and Manitoba will receive dairy subsidy quotas as a result of the three provinces' decision to adopt the market- sharing program. aDcttatron na 1003 4th Avenue S., Telephone 328.4426 2> ata rocessinq ervicet green (350 pounds) 48.00 to 51.00. Fleshy heifers (650 to 7 pounds) 35.00 to 36.00; gree (450 to 550 pound heifers) 37. to 39.00; light weights 39.00 41.00. Medium stock cows with calves at foot to S380. On offer at Hi-Way 52 Feed- ers this week were 525 head. Steers 3S.20 to 36.50; low choice heifers 32.40 to 32.90; Holstein steers 32.70; cows 28.60 to 27.30; heifery kinds to 28.60. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Kdmonton: 30.45, average WKednesday 31.81. Red Deer: 30.45, average Wednesday 31.55. Calgary: 30.45, average i Wednesday 31.51. Lethbridge: N i 1, average Wednesday nil. OPTOMETRISTS OR. C. A. PAIMER DR. R. FABBI DR. L LOCATiLlr Offica Hours Mon. Ihru Sell. incluiivA 9 a.m. to p.m. 107 Slh Street South Phone 327-4222 STEAM ENGINEERS Second elasi Sfeom Engineers n valid Brilish Columbia or Alberla Cerlif icato ore required for n sulphur plan! near Fort John, B.C. Alberta S.A.I.T. groduolei wilh n frmd doss ceflifieara and deiirout of qualifying ior n B.C. second class ore irmtfld to apply. Relocoflon expcniei will be paid hy the Company ond interviews will he orrnngcd Edmonfon or Colgary, Liberal Company benefits. Please reply to Box Number 133, Herald. SIMPSONS-SEARS Gone fishing! 2-piece Black Algonquin Rod and Mitchell Reel .99 24 7 foot cork dandle rod and the reel has unbreakable drag knob and steel halor. The reel rial a copacily of 100 ydi. of 10 Ib. Tackle box Spin Line Intrepid "Black Prince" Reel and Control Rsg. 14 Reel has either left or right hand New trigger control has nnti reverie slain- fesj steel baler and gearing. Capacity of op to 200 yards of 6 Ib, lest. Rod is an Algonquin 2 piece and is green in color. Reg. 7 froys, ]5 com. pmlmentv luggage iryti handle. Blue. Reg. I00-yd. 2 ipooli per box. Nylon, In 6, 8, 10, 12 or 15-lh. Sporting Goodi Quality Costs No Mo re at Simpsons-Scars CTOfiE HOURS; Open Daily 9 a.m. Is p.m. Thursday and Fiidoy 9 a.m. !o 9 Centre Village. 32S-923I ;