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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 26, 1972, Lethbridge, Alberta Stock prices drop sharply lower TORONTO (CP) Prices on the Toronto stock market dropped sharply lower for the third consecutive session in moderate mid-morning trading today. Industrial Issues led Ihe de- cline while gold issues scored solid gains. The industrial index was down 1.21 to 201.17, base metals .25 to 94.60 and western oils 1.39 to 231.70. Golds were up 3.59 to 210.21. Volume by II a.m. was shares, up from at tho same lime Friday. Declines Iteld a wide margin over advances, 148 to 82, with 202 isues unchanged. communication, merchandising, industrial min- ing, pipeline and merchandising stocks suffered widespread losses while chemical and food procesing issues edged frac- tionally higher. Falconbridge lost 1% to Livestock Calgary livestock CALGARY (CP) Receipts 6n the Calgary livestock mar- ket to It a.m., about 200 head; mostly cows and replacement steers. Trade was moderate. Slaughter steers and heifers scarce with no choice kinds of- fered. Prices were steady, qual- ity and condition considered. Cows were mainly medium and canner kinds at steady prices; bulls were steady. Good slaughter steers 34 to 35, medium 32 to 33.75: Good to low choice heifers 32 to 33.20, medium 30 to 32. Good cows 25 to 26, medium 23.50 to 24.75, earners and cutters 19 to 23. Good bulls 27 tc 29.40. Replacement cattle were mostly fleshy, short-keep steers at barely steady prices. No good stock calves on offer. Good feeder steers more than 750 pounds 34 to 36.50. Hogs base price 32.20. mperial Oil 1 to Dome to Texas Gulf Inc. to Tara to and ludson Bay Mining Va to Royal Bank was up to Cominco to Inco to Asamera Vs to and BP Canada to Among gold issues, Campbell Red Lake rose 2te to Sigma 0 cents fo and Pamour 10 cents to Maclean-Hunter Cable was up to Crush International to Hayes Dana to and CP Ltd. V, to D.I A DOWN NEW YORK (AP) Stock market prices continued sharply ower today as investors demon- tratcd concern over interna- tional monetary conditions re- ulting from Britain's decision o float the pound. The noo_ Dow Jones average of 30 industrial stocks was down 11.89 to 932.80. Declines outnumbered ad- vances by nearly 4 to 1 among ssues traded on the New York Stock Exchange. Prices included Sony, off o Sperry Rand, down :o Pennzoil, off Eaton Corp., off to J47; American Motors down at Atlantic Richfield, off 2 :o and Wheelabrator Prye, down at Among Canadians, Alcan dropped Vi to Canadian Pacific 14 to Distillers Seagrams Vt to Granb Mining Vt to Massey-Fer guson Vz to and Mclntyre to Dome Mines rose tc W, Genstar Vt to and Hudson Bay Mining to MARK HOLIDAY MONTREAL (CP) The Montreal stock exchange was closed today as residents mark ed the annual St.-Jean Baptiste Day holiday in the city. Schwartz Agencies (1972) Ltd. APPOINTMENT LEE HAKKtK Schworlr Agencies (1972) lid. are pleased to announce ihe ap- poinlnnent of Lee Harker as one of our sales representatives. Lee was with trie Soulhern Alberta Co-Operative Associaifo. for years and is a mcrriec man. He Tnvtles all his friends one business associates ]o conlax him for their realty needs. Phone him or 328-3331 or a his residence at 327-7911. 3wnership learings slated EDMONTON (CP) A sel- ct committee of the Alberta eglslalure which is looking inlo 11 oE foreign owner- hip li tlie province will hold ublic hearings next Septem- ber into land ownership. Juilian Koziak, committee hairman and Progressive ionservative member for Ed- monton Strathcona, said the tearings will start Sept. IB. Mr, Koziak said after a com- mittee meeting that sub ions must be confined to the and ownership issue and be lelivered to the committee by tept. 1. He said he expecls some ol he submmissions to deal with bill which would prohibit the sale and resale of Alberta crown lands to non-Canadians. The 12-member committee! which will report to the legisla- ture next spring, is also ex- aming the non-Canadian as- >ects of the province's billion- dollar oil industry. Hog prices EDMONTON (OP) Aver age prices to 11 a.m. providM by the Alberta Hog Producer; Marketing Board: Edmonton: 32.20, average Friday 32.04. Red Deer: 32.05, average Friday 32.28. Calgary: 32.20, average Friday 32.27. Fort Macleod: No sales, av eragc Friday, nil. Lethbridge: No sales, aver erage 32.25. By Gene Fawcelta THE "TINTTIME PILL" IDEA IS 6BNS APPLI ED TO A MORE EFFECTIVE AND SAFER METHOD OFAPPLYINS INSEC- TICIDES. A NEW PR3PUCT, CON- SISTS OFMWJTE CKEM1CAL- FlllEP CAPSULES WHICH' RELEASE THE PESTICIDE OVER A PESIRED PERIOD... Barley deadline extended OTTAWA (CP) The dead line for delivering barley ha been extended from today unt June 30, Olio Lang, minister re sponsible for the Canadia wheat board, told the Commons today. Stanley Korchinsk! Jcenzie) had asked whether an special incentives will be ol fered for delivery "of tha cheap barley." The deliverj quota on barley is 13 bushels per acre. Mr. Lang said he is advise by the wheat board that the de livery deadline is being ex tended and this should "avoi most of the difficulties." If thi measure didn't prove adequate he would look at the possibilit of authorizing additional deliv ery points. G rain prices Winnipeg Grain WINNIPEG (CP) Rape seed prices worked 23i cent lower on a lack of interest a mid-session on the Winnipe Grain Exchange today. Except for some liquidatio in the rye, trading on the ex change was a dull affair. Volume of trade Friday w; bushels o! flax; of rapeseed and of ryi Mid-session prices: Flax: July lower 2.77WB Oct. lower Nov. lower 2.T1YH Dec. Rapeseed Vancouver: Jun lower 2.495JA; Sep. 2Yi lov er 2.53A; Nov. 114 lowe Jan. VA lower 2.52. Rapeseed Thunder Bay: Jul lower 2.36; Oct. Hi lowe 2.30A; Nov. 1 lower 2.40A; Dec not open. Oats: July unchanged Oct. unchanged Dec. un changed Barley: July unchange 1.09WA; Oct. lower 1.I015B Dec. not open. Rye: July lower l.OOli Oct. lower Dec. low cr 98KA. 0-0-0-0-H! CITY TAXES ARF wnw City Property inxcs Must Be Paid By p.m. Frkfoy, June 30th Or a penally of 1% per month (July to October) for November and 2% for December will be assessed to all overdue taxes JT 15 YOUR ADVANTAGE TO TAKE CARE OF YOUR TAXES NOW1 CITY OF LETHBRIDGE Miscellaneous quotations Vancouver Calgary, Montreal (Supplied by Doherty, McCaalg Limited) LAST BID OK SALE e.rri. Quotes) a.m. QirtUsl Hugh Russell Invest Mulual 01-00 a.m. Quo! el I WESTERN OILS Imlnex Ha East Gai Vsarnera jshland P Oil Gas an South dn Ex Gas dn Hornesfd 5. S3 6.50 17.50 11.25 6.30 3.25 7.fi5 Husky Oil HusXy Oil Husky Oil Inter Prov Pipe 1nler Prov steel Kah-r Res MGF Managt Pacific U.M Mutual Ac 42.62'A Mutual G 4.75 Nat Res W Gr F dn Ind Gas Oil 10.42'A Rainier 45.00 9.00 41.00 30.75 6.7i 1.46 5.15 T5.SO dn Super tin Long U Charter hleftan Dome Pels Gt Plains Gt Cdn Oil Lochlel North Cdn Oil Jumac nan Cdn Pels Pan Ocean, etrcl 'Innacle Place Gas inder longer "curry Rain ipooner .82 Jdbens 9.90 Total Pela 6.30 Ulster 1.36 W. DecaIJa 5.30 Wesf Pe1e 9.00 MISCELLANEOUS INDUSTRIES jafaine 24.00 Br'lnco Cdn Brew A 6.00 D.50 T.35 West Cdn Seed White Yufton WesIfleM CALGARY Barons ,OJ Madison .15 North Conl ,02'A West War .41) PIPE LINE STOCKS 57.50 Cdn Br Pacific Trans 14.50 Gai Metro .82 Gaz Metro A Trans Cda Pipe Trans Cda B Trans Cda A Trans Cda War WC Trans WC Trans Wls MUTUAL FUNDS A11 Cda Com 8.51 All Cdn Dlvid All Cdn Vent Amr Gr F AGF Special 27.1 2tt Cdn Invest F 5.25 col Mulual Cmnw Inlcr Lev corp Inviel Corp In 12.62Vi N W Gr 3.35 Principal Gr 3.S5 M 00 Temp Gr 6 IIVi UnMed Ac Universal Sav Vanguu'd Vent VANCOUVER MINES Allen Atlas Explor Bath Norse Brycon Churchill Copper Croyden Davenpwt 5.E3 5.51 4.50 5.43 7.15 7.81 S.2D 5-71 5.94 5.1 D 5.60 6.68 6.95 7.27 7.94 5.52 6.07 8.12 t.n )O.U6 11.09 7.80 8J7 Canadian manufacturing outlook not favorable 16.12V: 12.75 25.25 12.50 70.00 43.75 81-50 12.75 27.25 7.00 30-50 34.25 ?.30 Dolly Varden Dynasty Equltorlal Fort Reliance Giant Mascot Granule Lornex LyEton Mlrverall Primer Pyramid Silver Standard TVolan Valley Res INDUSTRIALS .18 .52 .10 1.35 .65 .30 10.00 .32 5.75 15.00 31.00 31.25 Gr 41.75 .06 9.38 10-25 Block MS -t.Ofl B.C. Sugar 20.50 6-72 7.39 B.C. Sugar Pfd 16.75 3.50 Capt Inter 4.25 5.0S 5.54 crest For Ind 3.85 6.87 7.5J Hys 3.65 U.47 15.90 Columbia Brew 3.35 3.91 -1.31 Key Indust .65 6.10 6.4; Pacffic West Air 23.75 5.19 5.67 SImpede Res .85 Dreyfus F U.S. 13.24 U51 OILS In Shares 4.15 4-5i Albany Oil w Equity _ 7.S5 8.73 Plains B.C. industrial workers average earnings highest Hud OH Pld 49.12'A Invest Gr F 1Z.35 13.5! West Explor .10 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes] MINES .33 a.m. Quores) a.m. Quotes! Acme Advocate Aib, Akaltcho Bralorne Broufan Bethlehem I.JO 17.00 1.50 ft. 60 1.60 33.00 Canada Tung. Casslar Central Pat. Con west Cons. Rambler Coin Lake Cochenour Craigmont Dick ens on f.Mnes Denison Mines Deer Horn D'Eldona Dome Mfnes Don a I d a orsocvery Mines East Malartlc East Sullivan Falconbrldge Frobcx First Marltlmea Gtanl Y.K. Bovls Granduc R.L. Hoi linger Hudson Bay M-S 22.00 Hydra Ex, Iron Bay Iso Jolfet Quebec Kerr Addlson Key Ana con Labrador Lake Shore Langts Silver Madsen R.L. Malarllc G.F, Martin McNeely Maclntyre Weta Mldi-Im tntern Mogul Hu West New Athona New Calumet .26 W. Horse Copper Noranda 75 5.55 Oalsko 1.65 "Pine Point .64 Placer Dev. 1.GO Exp. .311A Quebec fAan Rayrock 4.05 Riidiore Rio Algom Roman Corp, Shwrilf Gordon Silver Miller Steep Rock Tek Corp. Texmont Upper Canada Wright Hargrcaves >.20 Wlllroy 1.1? Windfall .13 Yellowkntfe- Bear 4.30 Zcnmac .16 NDUSTRIALS 1.15 5.30 .53 2.41 ?a.oo .45 .85 ras 2.50 16 JUS 1.70 5.S5 5. JO 3.35 770 .73 3.40 9.75 9.75 .17 Abllibi Alcan Algorna SlMl A1co Ind Atlanlic Sugar Agra Ind Bell Tel Brazil Tree B.C. Tel Burns 8.C. Forest B.C. Sugar Bow Val Ind CAE Ind Cdn Brew Chemcelt Col Cell Calgary Paw Coron C red if Cable Ford ol Am Grt Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda .26 Greyhound 2.00 Havvker Sid 8.09 Hur Erie Hiram Walker .OSVj Imp Oil 1.92 Imasca Int Nicket Int Pipe Inv Group A Int Ulil Ind Accept LaurenHrie Kelly Doug A Loeb Loblsw A Met Slores Ferg 13.50 McMillan 11.75 Moore Corp Molsons A 13.25 Moisons B 42.B7W Norfh 23.12V3 Povjer Corp 60.00 Price Co. 15.00 Rothmao5 St. Law Corp Shell CDA 9-00 21.75 20.50 30.75 J3.25 7.50 4.60 ?.05 1.60 Simpsor C.W.N. Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Cominco Cons Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Sears Steel cf Cda Selkirk A Texaco Traders Grp A Trans Pp Trans Cda Pp Union Ofl Versatile Mfg Westeel irt.W Union Car Weston's B Woodward's A West Cdn Seed! 35.iO Zenifh Efec 3050 BANKS 15.00 Can Imp Montreal 4.00 12.50 30.10 20.00 62.00 7.00 74.25 15.50 32.09 19.25 3.60 28.75 28.75 31.25 45.37' 19.25 13.50 7.00 4.30 7.50 21. W 13.75 2S.UO 26.87IA 24.75 12.75 11.75 8.75 23.00 25.00 45.50 26.50 37.50 43.75 13.50 41.00 6.75 20.50 17.75 20.00 28.50 A.25 2.85 OTTAWA (CP) British Col- umbia iirJustrial workers had ic highest average IBS.14 a any in Can- da in April, Statistics Canada eports. But higher rates ol increase rom a year ago were reported in the Prairies and most o[ the ittantic provinces. The figures cover the earn- ngs of employees in firms with taffs of 20 or more. The indus- ries covered are a broad ross-sectioa of the whole, but Royal Tor-Dom New York stocks (Supplied By Richardson Securities of Canada) Whaling commission urged to endorse 10-year ban LONDON (CP) The United States insisted Way that tho International Whaling Commis- sion endorse the Stockholm call for a 10-year ban on all com- mercial whaling but it appeared that a number of countries, in- eluding Canada, will resist full suspension. Dr. William Sprules, Canada's whaling commissioner, said he favors the British position that restrictions on the hunt bo based on scientific assessment of the'rate of depletion. Britain maintains that not all whale species are in trouble. That same attitude is likely to be favored by the Soviet Union and Japan, the world's leading whale hunters. The 14-counlry conmission regulates the kind Chrysler Corp. recalling Furies for modification DETROIT (AP) -Chrysler Corp. announced Friday it is re- calling 56.371 current-model Plymouth Furies for modifica- tion of possibly de fective bumper jacks. Chrysler said all the cars being recalled are 1972 models equipped with bumper guards. In those cars, the jack was designed to fit through a slot in the front bumper guard when lifting the car. But, tht com- pany said, some of the bumper guard attaching bolts may not be strong enough to support the weight of the car when jacked up. Owners bringing their cars into dealers will have their jacks modified so that the de- vies lifts the car from below the bumper rather than through it. and numbers of whales that cai be taken each year. As the commission began 1L five-day meeting, a band o save-the-whale youngsters dem onstrated in the front of the con ference hall. Reporters were a lowed into the meeting for brief opening session, but th rest of the session will be closec to the press. Russell Train, head of Hi U.S. delegation who led th American delegation to 11C country Stockholm environinen conference, told reporters he in tends to press for endorsemen by the commission of the 10 year whaling moratorium. The more moderate Britis approach was indicated by An thony Stoclart, an agricultur minister, who in opening th meeting argued that the com mission has had more succes "than the critics would have i Britain also welcomed the i troduction of the observer scheme in which mem ber countries exchange obsen cry on whaling ships to ensur that regulations are n breached. At present, four baleen-typ- whales, blue, gray, huznpbac and right, are under a comrae cial ban while two other types the sei and fin, are under quot and other hunt restrictions. Qu tas also are Imposed on th toothed sperm whale. Dollar value MONTREAL (CP) Th U.S. dollar in terms of Canadian funds down 1-16 to 1-32, rate was quoted for tho poun sterling. Monday, 1972 THI LETHBRIDGB HERALD IB EDMONTON (CP) The out- ook of Canadian manufacturing 1972 is not as favorable as in her sectors of the economy, e Alberta department of in- ustry and commerce said oday. Although there had been ral relief that the United States ad removed its special charges imports, the eight-per-cenl ard revaluation of the Cans- dollar reduces Canadian ompctiliveness, the depart- tent said in its annual review business conditions. "While tho American markets remain firm for those raw materials of which they are in short supply, such firmness is not likely to carry over inlo highly-processed products." Because of revaluation, it said, Canada has a harder time competing in tho U.S. market, which accounts for two-thirds of Canadian exports. The department said mineral production will "almost cer- tainly" increase although it was uncertain whether there will bo increases in mining industry in- vestments and expenditures. There were prospects for a higher volume of grain sales, at slightly reduced prices, and for livestock prices and sales vd- umes to remain firm. "Accordingly, farmers' cash receipts should be slightly above those of 1971. "The high national unemploy- ment rate %vlll likely Induce federal government to contlcua to make funds available In order to maintain and improve employment prospects in and by the construction industry. Activ- ity in the construction Industry in turn conduces high activity in the manufacturing and Industries and particularly !n retail sales." do not include agriculture, fish- ing, trapping, education, health and welfare services, religious organizations, the armed forces or public servants. Average earnings of Industrial workers in the Atlantic region in April were a week, up 11.1 per cent from a year ear- lier. The average for the Prairie region was up 11 per cent. In the industrially rich prov- ince of Ontario, where more than half the country's in- Mixed feelings in Alberta about new daylight time EDMONTON (CP) Alter- :a residents apparently have mixed feelings about daylight :ime, after being subjected to it for more than six weeks. The province was tlie last in Janada to adopt daylight time. It was approved in a plebiscite ast August and went into ef- fect April 30. Farmers still don't like it, iie sports minded do. Mothers with small cluldren seem to prefer the good old days, irive-in theatre managers have jecome resigned to the change, and many people are indiffer- ent. "Quite a few farmers don't like It they say they're tired all the says Dobson Lea, president of Unifann. "But we'll be able fo assess it better in the fall, when the school buses are running in the dark. I'd like to reserve judg- ment until then." Daylight time ends the last Sunday in October. Jack D. Edworthy, secretary- manager of the Alberta Asso- ciation of Municipal Districts and Counties, says it really doesn't make much difference to the fanners. "They work according to the sun and weather anyway." Golf courses are thriving. "Golfers are staying out a lot longer and more people are coming out says a Win- dermere golf club spokesman. DOUBLE IN LENGTH Seasons on Mars are about double the length of those oa earth. dustrial workers reside, aver- age earnings were up 9.3 per cent from a year earlier. In Quebec, with just over ona million of the 3.75 million work- ers covered in the national sur- vey, the average was up 3.3 per cent for the year. Statistics Canada reported Thursday that the national aver- age industrial earnings per week in April was com- pared with Figures were not available for all industries, but the lowest continued to be the average paid in the service field, a week compared with in April last year. Wholesale and retail trads employees earned an average of a week In April this year, compared with last year. Average Industrial earning! by provinces, with their from a year earlier were: Newfoundland up 11.8 per cent; Prince Edward Island up 14.4 per cent; Nova Scotia up 9.1 per cent; New Brunswick up 13.2 per cent; Quebec up 8.3 per cent; Ontario up 9.3 per cent; Manitoba up 11.5 per cent; Saskatchewan up 14.4 per cent; Al- berta up 9.5 per cent; British Columbia 163.14, up per cent. SEERSUCKER'S IN Audrey Gosllin boost! Seersucker an outstanding candidate for Fabric-Of-The-Year honori. You'll liko her article with colorful fashion photos thfi Friday IN YOUR LETHBRIDGE HERALD WEEKEND MAGAZINE EVERYTHING FOR THE AT SAVINGS TO YOU! Rough Cedar Fence Boards FOR THAT RUSTIC APPEARANCE for your 1 x 8 4 ff.......... 60e 1 x 8 5 75c 1 x 8 6 ft.......... 90c FILON Corrugated Fibreglas Panels Whits-Yellow-Minl-EmeroId-CIear .....4.95 6.29 26" x 96" 4-01. 26" x 120" 4-oi. I.X.I. Brick Specials Odd lots Limited Quantities Standard Brick STANDARD BRICK Sunset Glo, Light Tweed, Buff, Silver Grey, light Tweed, Chocolate Brown, Dove Grey, Whife Smooth, Red Variegated, Brown Var- iegated, Charcoal. Reg. to 6c ecch Special NORMAN SIZE BRICK x x IIS" Foil Tan Sunset Glow Chcmpagne Buff. Reg. lo 25c each 4 O fit Special, eoth I CJS 80 PICNIC TABLES 2" heavy duly wm QIC Steel reinforced legi Folding ft. long. Each NEW YORK (CP) The Ca nadian dollar up 1-32 at in terms of U.S. funds. The pound sterling dropped ?i to CRESTLINE BUILDERS MARKET LTD. j-UIHBRIDCE'S INDEPENDENT BUILDING 5UPP1Y HEADQUARTERS" 1123 30th Si. N. Phone 327-5444 or 327-5110 OR USE YOUR CRESTLINE BUDGET ACCOUNT ;