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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 22, 1973, Lethbridge, Alberta Market prices sharply higher TORONTO (CP) Prices on the Toronto stock market moved sharply higher in moder- ate mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, rose .94 to 209.65, base metals .56 to 99.36 and western oils 2.49 to 214.85. Golds fell 2.02 to 300.87. Volume by 11' a.m. was 000 shares compared with 000 at the same time Thursday. Advances were ahead of de- clines 113 to 77 with 153 issues unchanged. Oil refining, steel, industrial mining and food processing stocks were among sectors of the market recording gains while communication, general manufacturing, pipeline and real estate issues were lower. Chrysler rose 1% to Dome Pete 1% to Impe- rial Oil 1 to Alberta Natu- ral gas 1 to and Consumers Distributing to Bow Valley also gained to IU International g to Texasgulf to Algoma Steel to and Stelco Vz to United Mndamar was up 19 cents to Kerr Addison to and Consolidated Ram- bler 10 cents to Conwest Investors 6on own' B.C. in VANCOUVER (CP) -Pre- mier Dave Barrett dined with 40 institutional investors here and told them "you've got to make it on your own; we're not interested in giving out char- ity." Once the ground rules for in- dustry are established in Brit- ish Columbia, he said, "they stick." Questions from investors, many from eastern1 Canada and some from Japan, dealt with unforeseen changes in the ground rules laid down for business. "We have not expropriated one company, we have not na- tionalized one company, and any business dealings we have been involved in occurred in the open the premier said. Mr. Barrett urged eastern in- vestors to make more direct contact with his government and to read Vancouver news- papers rather than eastern pa- pers for B.C.'s financial news. "Financial pages of both news- papers here have done a pretty fair job of he said. He listed a number of Euro- pean countries with Social Democratic governments and observed that many business- men in Canada "hear the word socialism and run. As a social worker I can offer you love and comfort but I can't wash away your hangups." He said B.C. Tel. would be the only company to be taken over by his government, but he gave no timetable for the move. He said he had "no quarrel against foreign capital" and said American or Canadian capital was just the same to him. "They're all he said. fell 25 cents to and Oamflo 20 cents to Ranger climbed to and Asamera 15 cents to Pan Ocean was down Vt to MONTREAL (CP) Prices advanced in all sectors in mod- erate trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with shares at the same time Thurs- day. Industrials gained 1.90 to 229.10, the composite 1.51 to 216.67, utilities .62 to 150.54, pa- pers .59 to 114.54 and banks .50 to 254.81. On the Montreal Stock Ex- change, Chrysler rose 1 to Imperial Oil to and IU International to while Maritime Telephone de- clined to and Laidlaw Motorways to On the Canadian Stock Ex- change, Quebec Uranium. Min- ing was down six cents to 20% cents on shares traded. NEW YORK stock market moved upwards in ac- tive trading today, in reaction to an announcement that com- mon share-holders may soon get higher dividend prices on their stocks. But then it pulled back. The noon Dow Jones average of 30 industrials was up 8.35 points at 882.00. The Dow moved up 19 points when the market opened in a rash of buy- ing. Advancing ISSUES held a 883 to 377 lead over declines on the New York Stock Exchange. Prices of Canadian issues on the New York exchange were not available. Friday, Jun. 11 THI UTHMIDOI HMAL0 West grain crop prospects good OTTAWA (CP) General ains throughout the Prairies ast weekend have created prospects for this rear's grain crop, Statistics anada reported today. In the fifth of 11 reports on crop conditions in the grain belt, the statistics bureau said he wet, cool weather has re- Grain Prices Livestock report CALGARY (CP) Receipts to 11 a.m. tohay from the Cal- gary public stockyards showed sales of 920 head, mostly re- placements. Trade was active. A few slaughter steers and heifers were on on offer, sell- ing steady at week's lower prices. Cows and bulls were steady. Steers, Al, A2: 43.75 to 44.50. A3: 43 to 43.75. Heifers, Al, A2: 41.50 to 42.40. A3: 40.25 to 41.25. Cows, Dl, D2: 34 to 35. D3: 32 to 33.75. D4: 28 to 31.50. Bulls, Good: 38 to 40. Replacements were mostly yearling steers and heifers, meeting a good demand at steady to strong prices. Stock calves on offer were mostly heifer calves, selling steady to strong. Good feeder steers more than 750 pounds: 43 to 47.50; 575 to 750 pounds: 45-50- Good feeder heifers more than 600 pounds: 40 to 46, sales to 47.50. Good stock steer calves more than 400 pounds: 48 to 54. Heifer calves more than 400 pounds: 45 to 53. Hogs: 45.15. WINNIPEG (CP) Flax and rapeseed futures were bid up the 20-cent limit again today at mid-session on tne Winnipeg Commodity Exchanga Oats, barley and rye were also higher. Gains in barley prices were the smallest at around two cents, while rye was up as much as Thursday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices: Flax: July 20 higher Oct. 20 higher V.llVzB; Nov. 20 higher Dec. 20 higher 6.72B. Rapeseed Vancouver: June 20 higher Sept. 20 higher 6.29B; Nov. 20 higher 6.14B; Jan. 20 higher 6.06B. Rapeseed Thunder Bay: July 20 higher 6.15B; Oct. 20 higher 6.01B; Nov. 20 higher 5.86B; Dec. 20 higher 5.47B. Oats: July 5 higher 1.56B; Oct. 2 highar Dec. 3% higher 1.44B. Barley: July 2% higher 2.10 Oct. 1% higher 2.07y4A; Dec. 2% higher 2.04y4A. ASSISTANT OPERATIONS MANAGER (REALTY TAXES) Required by Calgary office of national real estate company to assist in the administration of realty assessments and taxes in Alberta. Completion of rec- ognized assessment course and previous municipal or provincial assessment experience an asset. Salary com- mensurate with experience and ability. Apply to Op- erations Manager (Realty Taxes) MARATHON REALTY COMPANY LIMITED 873 125 9th AVENUE S.E. CALGARY, ALBERTA T2G OP8 Rye: July 6% higher Oct. 5% higher 2.18y8A; Dec. 5% higher 2.1978A. Grain quotes 'Thursday (basis Lakehead) High Low Close Flax Jly Oct 691% 689 744% 691% 675% Dec 652 Rapeseed Vancouver Jun 612% Sep 609 608 609 NOT 594 593 594 Jan 586 585% 586 Rapeseed Thunder Bay Jly 595 593V4 595 Oct Nov Dec Oats Jly 151 Oct 144% Dec Barley Jly 208 Oct 205% Dec 201% Rye Jly 208% Oct 212Vs Dec 214 143% 136 134% 581 566 527 151 144V4 140% 203% 208 198 205% 196% 201% 200% 208% 202VS 206% 214 GM seeks delay in car pollution WASHINGTON (AP) Gen- eral Motors, the largest auto- maker in the United States, asked the Environmental Pro- tection Agency (EPA) yester- day to postpone for one year the application of 1976 stan- dards for automobile emissions of nitrogen oxides. Chrysler Corp. filed a similar request last May 29, and Ford is expected to join in the plea soon. The EPA has scheduled hear- ings to begin next Monday to consider whether a one-year ex- tension of the 1976 deadline is warranted. Cominco plans development of gold-ore body Y E L L 0 WKNIFE, N.W.T. (CP) Cominco Ltd. has an- nounced it plans to spend million to sink a mile deep shaft and build other facilities to more economically tap its gold producing ore body. The development promises to boost the area's gold mining industry an important eco- nomic base for the territorial capital that has been on shaky footing for the last few years. Giant Yellowknife Mines is faced with dwindling ore re- serves at its current urder- ground operation and Co- minco's con mine has been a marginal operation for years which was threatened with closure until the price of gold began to rise. The new Cominco shaft will cost about million with the rest of the money for hoists, waste handling, crushers and mill expansion. Work, scheduled to last VA. years and provide construction jobs, should not interfere with the current production of 500 tons of ore daily, Frederick Burnet, Cominco chief execu- tive said. EPA officials, however, have released new findings indicating that the 1976 nitrogen oxide standard may be too strict and they have also indicated they would ask Congress to ease it. They said they would not sub- mit any specific proposals to Congress until the EPA con- cludes its hearings and issues a decision, due by July 28, on the extension requests. The new EPA findings on ni- trogen oxide, however, greatly increase the odds the extension will be granted. EPA recently extended for one year two sets of 1975 stand- ards requiring 90-per-cent re- duction of auto emissions of carbon monoxide and hydrocar- bons, while setting tough in- terim standards. Under the Clean Air Act of 1970, a similar 90-per-cent re- duction was required for nitro- gen oxide emissions in 1976- model cars. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 45.20, average Thursday 45.07. Calgary: 45.15, average Thursday 45.11. Lethbridge: Nil, average Thursday 46.04. Fort Macleod: Nil, average Thursday 45.29. Total hogs sold to 11 a-m. 425. Total hogs sold Thursday Average 45.20. Sows average 35.60. Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was up 1-25 at 21-25. ound sterling up 1-20 at 47-50. In New York, the Canadian dollar was down 1-25 at 4- 25. Pound sterling down 1-20 at 7-20. Eight lanes All-weather running track for ihe Canada Summer Games spews out behind a machine at Swanguard Stadi- um in Burnaby, B.C. Crew laid out the lanes simultaneously and square yards in five hours, spreading the rubber, vermieulite, sand and as- phalt mix at a temperature of 350 degrees. Miscellaneous quotations Vancouver, Caigary, Montreal (Supplied by Dohcrty. McCnaJg Limited) (11 a.m. Quotes) LAST BID OR SALE {11 a.m. Quotes) (11 a.m. Quotes) WESTERN OILS AND MINES Albany Oils Alta East Gas Almmex Asarnera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Mln Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Spooner Total Pete Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Crowsnest Ind Cygnus A Cygnus B 1.10 Falcon Copper 7.40 F and M Trust 7.05 Gcnstar 8.80 Home A 10 Home B 15.00 Hud Bay Co 550 Hud Bay Oil 3.80 Hud Bay A Pfd 3.05 Hugh Russell 640 Husky Oil 6.75 Husky B Pfd .20 Husky D War Inter Prov Steel 13.12VS JJ-W. Cdn Husky E War 4.00 Hys of Canada Inter Prov Pipe 31.50 8.25 .28 2.95 8.10 2750 8.25 2.01 1.50 1.00 720 15.00 13.00 7.75 AGF Spec 3.52 7.75 Cdn Inv Fd 399 4.57 1300 Coll Mutual 5.23 5.75 650 Comm Inter 14.791625 15 87Vi Comm Lever 3 72 4 09 4200 Comm Vent 7.04 7.7. 3750 Corp Inv 600 6.59 18 Corp Inv St Fd 4.87 5.35 4L50 Drey Fd U.S. 10.75 11.7E 51.00 Gr Pac 41 50 Gr In Shares 21 Gr Equity 4225 Inv Gr Fd 700 Inv Mutual 810 Mut Accum Mut Gr Fd "Nat Res Kaiser Res Loblaw C Pfd Macinasanics Pacific Pete P W Air Pe-Ben OHfleAd Rainier Inc Royal Trust St Maurice Cap Sandwell Teledyne West Cdn Seed 300 29.50 N.W. Growth 26.00 950 650 4.75 2450 .93 380 4.10 4.51 4.9 3.56 3.92 766 84 12.04 13.16 5 70 6 24 5 88 6 4 3.47 3.81 7 56 83' 5.44 5.9: 4.67 5.13 420 4.6 6.48 6.7 849 4.94 7.56 753 9.2i 543 83 8.2 13.37'A Westfleld Min 1.22 Weston A Pfd White Yukon .20 .1.06 lH.00 1300 PIPE LINE STOCKS 16.25 1275 .48 680 1.00 Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans S.87% Gaz Metro 5-15 Gaz Metro A Trans Can Tr Can A Pfd 12.75 Tr Can B Pfd Tr Can War 15.00 WC Trans 250 we Trans War MUTUAL 2900 All Cdn Com 27.25 AH Cdn Divi All Cdn Vent Amer Gr Fd Gr Un Accum Unlv Sav Univest Vanguard 5.82 6.3 CALGARY Acroll .46 Barons Oil .04 North Cent .OH West Warner .37 VANCOUVER MINES Afton Aiias Explor 1325 Bath Norse 72.50 croyden 20 00 Dankoe 10.75 Davenport Doily varden 21.50 Equitorial Res 12 00 Lcrnex 4 35 Primer 64 00 Pyramid 33.62Vi Sil Stan 6250 Valley Copper 4000 INDUSTRIALS 6.60 Col Brew 1900 Key Indust 3.65 Wardair FUNDS OILS 6.98 7.62 PRP Exp 7.47 8 lit Plains Pete 3 50 3 82 Pond Explor 5.19 5.70 Sfam Int'I Res 7.70 .47 .75 .04 2.14 .31 .16 980 .11 .14 .73 9.25 2.60 .34 2.15 1.15 .20 .90 1.08 Toronto mines, industrials (Supplied By Richardson Securities of Canada) (11 a.m. Quotes) LAST BID OR. SALE (11 a.m. Quotes) (11 a.m. Quotes) MINES Acme Advocate Asb, Akaitcho Bralerne Broulan Bethlehem Bovis Brunswick can. N.w. Land Canada Tung. Casslar Central Pat. Chimo Conwest Cons. Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Maritime! Giant Y.K. Granduc Hollmger Hudson Bay M-S Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore LanaJs Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrim Intern Mogul Nu West Homes Athens Noranda Northgate Norlex Osisko 31 25 27.25 275 .12 160 .27 2775 7.15 16.00 1.55 300 3.00 Pine Point .13 Placer Dev. 1 21 Pax Exp 1.20 QueL-sc Man 2 65 Rayrock .49 Radiore Rio Algom 2 05 Roman Corp. .4.55 Sherritt Gordon Steep Rock 1.60 Tek Corp. 11 00 Texmont 1.15 Upper Canada 1.31 Western Mines 550 W. House Cop. 3.30 Wright Hargreaves 1.30 .09 Willroy 1.07 1.25 Windfall 6 60 Yellowknife Bear 4.15 Zenmac 30 Abitibi .05 Alcan .39 Algorna Steel 9650 Atco Ind 1.20 Atlantic Sugar 3 65 Agra Ind 2.66 Bell Tel 71.50 Brazil Trac .37 B.C. Tel .51 Burns 8.35 B.C. Forest 3.50 B.C. Sugar 4400 Bow Val Ind CAE Ind .19 Cdn Brew 3.65 Chemcell 2.08 Col Cell .23 Calgary Power 12 00 Coron Credit .21 c.W.N. Gas Pfd 4300 Cdn Ind 3 50 Cdn Marconi .08 Cdn Vickers 1.52 Chrysler 1.07 C.P.R. .42 Cominco 52.00 Cons Bath .12 Cons Gas .17 Dist Seagrams 15.25 Dom Bridge e 00 Domtar .20 Dom Textile Glendale Grt Cttn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur 8. Erie Hiram Walker Imp Oil 4.15 Imasca Int Nickel 2.82 Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentide 345 Loblaw A Met Stores 10.50 Massey Ferg 2900 McMillan Bloe 17.50 Moore Corp Molsons A 6.25 Molsons B 1200 Nachurs North 8, Cent 19.75 Power Corp 64.00 Price Co. Rothmans 15.50 St. Law Corp 19.50 Shell CDA 26 Simpson's 9.87V2 Simp Sears 430 steel of Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Gas Union Oil United Siscoe Versatile Mfg Westeel 29.50 Union Carb Weston's B Woodward's A West Cdn Seed Zenith Elec BANKS 4CO 415 2450 1.75 11.00 14.50 385 11.25 2425 2075 1650 3850 35.00 2050 SO Dom Stores 5.00 Dome Pete .30 Dofasco .32 Cable Cdn Imp 1425 Montreal 31 50 Nova Scotia 27.00 Royal 14 1216 Tor-Dom 1025 815 6575 21.25 33 62V 19.12V 445 J8.50 51.50 38 62V4 30.25 2875 24 900 2425 17.00 7 11.50 700 20.00 1875 2800 49.50 2675 26.25 7.62V 10.00 1025 1425 12.75 1950 17.75 912V 11.87V 31.25 14.59 59.75 15 87i, 20.37V 33.25 11.12V 1400 800 6.50 1300 16.00 2025 25.12V 5.37V 2.65 29 62V 1800 32 621 33.25 31.12V, New York stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont Gen Motors Gulf Int Harvester Kenn Copper Ward 51.12V2 Sears 17.87Vj X-Ron Texas Gulf 25.00 Texas Co Wicks Corp 142.00 Woolwortti West Elec 2300 U.S. Steel 13 00 Tele Elec 24.2S 18.21 94.00 20 Golds 300.45 off 1M 10 Base Met 99.24 up .44 21.50 15 West Oils 213.28 up .9 35.00 Volume 22MV2 NEW YORK AVERAGES 3375 30 Ind 8M.36 up 12.71 28.87V2 20 Rails 158 IS up 216 28.50 15 Utll 104.71 Up .92 TORONTO AVERAGES AS Stocks 272.01 up 3.60 ao ind up ja vrtumt Uranium industry warned WASHINGTON (AP) The Atomic Energy Commission warned yesterday of an im- pending serious shortage of ura- nium for the country's growing nuclear power industry unless exploration for new resources is sharply stepped up. Calling for the U.S. uranium industry to invest billion be- tween now and 1990 in explor- ation and construction of new mines and mills, and an addi- tional billion between 1991 and 2000, the commission said in a special report: "A rapid expansion of the ex- ploration effort is necessary in the near future if demands are to be met." Saying nuclear power will be- come the dominant source of electricity for the United States by the 1990s, and will represent 60 per cent of the electrical gen- erating capacitv by 2000, the commission said present known domestic reserves of the pre- cious fuel, plus potential re- sources, fall far short of re- quirements. It ticked off these figures: 1. At best, the known and esti- mated reserves total 1.5 million tons, whereas a total of five million tons will be needed by 1990, including one million tons needed to be mined between now and then, plus an addi- tional four million tons deemed "desirable" as reserves. 2. By 2000, the atomic power plants expected to be in oper- ation will require about 2.4 mil- lion tons. stricted the grasshopper hatch and damage to new crop! re- mains minimal. Rains were heavy fn many Prairie regions, soaking pre- viously parched parts of south- eastern Alberta and creating floods in eastern Manitoba and northern Saskastchewan. The south and central regions of Saskatchewan, however, were generally missed by rain and remain dry. Spraying and the last o( spring seeding operations been delayed in regions heavily hit by the rains. But farmers have generally finished early spring work in most. CONDITIONS BY PROVINCE! Manitoba: Heavy rains helped growing conditions, though some low lying areas are flooded in the eastern part of the province. Farmers have fin- ished seeding in most districts and crops appear promising. Light insect damage is reported and a below-average hay crop is expected because of the wet weather. Saskatchewan: P r o s p e cts point to a "better than average crop." Rain in the northeast has blocked seeding and has flooded some areas already sown. The southwest corner of the province remains dry. Alberta: Chances for a good crop improved considerably fol- lowing general rains June 14-17. Earlier, lack of surface mois- ture created uneven germina- tion patterns in late-seeded crops. Grasshoppers continue to pose problems and considerable insect damage is reported. The rains, however, block the hatch Call girl says Tories best clients HAMBURG, West Germany (AP) The high-priced call girl implicated in Britain's re- cent sex scandal says she voted for the Conservatives in the last election "because they were my best clients." The woman, Norma Levy, was interviewed by Stern magazine at St, Tropez on the most chic stretch of the French Eiviera. She is stay- ing there with her husband Colin. The c a 11-girl scandal brought the resignation of two British Lam- bton, who was air force min- ister, and Lord Jellicoe, gov- ernment leader in the House of Lords. Mrs. Levy said she worked in an exclusive London call girl ring run and operated by a woman in her late 40s, who collected one-fourth to one- third of the payment for each engagement. She said clients of the ring included royalty, presidents, ambassadors, industrialists and bankers. Mrs. Levy said her own fees ranged from about to Mrs. Levy described one of her regular clients as "a fa- mous duke, among the richest men in England. Cosh receipts on farming operations up OTTAWA (CP) Total cash receipts from fanning opera- tions rose in the months Janu- ary to April over receipts for the same period in 1972, Sta- tistics Canada reports. Total cash receipts during the four montbsln all provinces except Newfoundland rose to 831.1 million from. mil- lion in the same period in 1972. The estimates include cash receipts from sale of farm products, Canadian Wheat BoJird payments, cash advanc- es on stored grains in the west and supplementary payments to dairy producers. No deduction was made for the cost incurred by farmers in the production of the com- modities sold, the statistics agency said. Error blained for crash NEW DELHI (AP) Pilot error caused the crash of a Japanese Airlines DC-8 in India a year ago, killing 89 persons, a judicial commission reported Thursday. Judge Prakash Narai of the Delhi High Court said: "A com- paratively inexperienced pilot was in command of the aircraft although technically and legally he fulfilled the requirements." The findings of the commis- sion were released by a civil aviation ministry official. The plane crashed on the banks of the Jumna River near Delhi June 14, 1972. INSURANCE HOME-BUSINESS-FARM AUTO and LIFE WE CAN SAVE YOU MONEY See us toon 706 3rd Ave. S. Phone 327-2793 CAREERS ALBERTA POTATO COMMISSION requires a SECRETARY-MANAGER Responsibilities: To administer the affairs of the Commission, which are aimed at improving and increasing the economic well-being of the potato growing industry in Alberta, prim- arily in the areas of research, promotion and extension. QUALIFICATIONS: Applicant should posses management abil- ity, have experience in public relations, and knowledge of the potaio industry. A University Degree in Agriculture, and a knowledge of the workings of Government, would be an asset to the applicant. Please send complete resume to the Alberta Potato Commis- sion, 101, 320 9th Avenue S.W., Calgary, Alberta, T2P 1K6. Resume should Include education, experience and ether per- tinent details. Salary commensurate with qualifications. Closing Date: July 6, 1973. ;