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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 26, 1973, Lethbridge, Alberta THE LETHBRIDGE HERALD Tuesday, June 26, 1973 Sharp gains made in sold stocks TORONTO (CP) Gold is- sues recorded sharp gains but industrials on the Toronto stock market were down in moderate mid-morning trading today. Golds rose 10.3 to 307.67 and base metals .29 to 99.35. The in- dustrial index, considered the major indicator of market trend, fell .29 to 208.35 and western oils .33 to 211.38. Volume by 11 a.m. was 522.- 000 shares compared with 000 at the same time Monday. Declines outnumbered ad- vances 111 to 71 with 175 issues unchanged. Oil refining, chemical, bank and trust and loan stocks were among sectors of the market recording losses while food processing, merchandising, Shock pants help save 22 lives NEW YORK (AP) pair of pneumatic trousers is credited with helping to save 22 accident victims who had gone into shock. In shock, occurring after in- jury or heart attack or other cause, blood tends to pool in veins in the leg. The pneumatic trousers can be inflated with ah- through a foot pump to create external pressure to force the blood to move back to the heart, and thence to the brain, said Lt.- Col. Burton Kaplan, exhibiting the trousers Saturday at open- ing sessions of the American Medical Association's 122nd an- nual convention. The "emergency auto-trans- fusion medical pneumatic trou- as he calls it, was devel- oped at the U.S. Army aerome- dical research laboratory at Fort Rucker, Ala. The rescue squad of the Miami fire department is eval- uating the device. In injuries to 22 accident victims, rescue squad men report they think the injured people would not have survived to reach the hospital without trousers. The trousers, made of a spe- cial plastic fabric, are fitted over a person's legs, abdomen and up to the rib cage. A relief valve prevents pumping it to too high a pressure. Dr. Kaplan said he conceived the idea while in Vietnam. pipeline and steel Issues were higher. Among golds, Dome Mines rose to Campbell Red Lake to and Giant Yel- Icnvknife 25 cents to 8 75. Fairview Corp. fell to i, MEPC JA to Realty Capital 3.4 to Loblaw Co. B 31 to and Royal Bank Vt to Nowsco Well Service rose to S9U and Ball Canada to Hudson Bay Mining and Smelting gained 'i to Tara to and Jorax 12 cents to Brameda Re- sources slipped 11 cents to 68 cents and Chemalloy 10 cents to Decca was off 20 cents to and North Canadian 15 cents to Houston climbed five cents to ?3.15. MONTREAL (CP) All sec- i tors except banks declined in moderate trading on the Mon- treal stock market today. Combined volume on the tieal and Canadian stock ex- cnar.ges at 11 a.m. was j shares, compared with 310.800 i shares at the same time Fri- j day. The market was closed I Monday for the St. Jean Bap- i tiste holiday. Utilities declined 1.19 to 148.81, the composite .53 to 235.61, industrials .50 to 228.41 and papers .16 to 114.55 while banks rose .16 to 252.71. On the Montreal Stock Ex- change, TransCanada Pipelines was down to MacMil- !an Bloedel to Chrysler to and Dominion Stores to while Lacroix gained to j On the Canadian Stock Ex- change, Quebec Uranium Min- ing was up 9% cents to 35 cents on shares traded. Work proceeds Construction on the Metro Subway system proceeds in Place Rcgier in down- j town Brussels against a background o f old and new buildings. The whole Brussels network, measur- ing a total of about 45 miles and with 116 stations, is scheduled for completion by 1990. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) (11 a.-n. Quotes) NEW YORK (AP) The stock market dropped today in moderate trading as the govern- ment announced a U.S. trade deficit for May and the dollar hit a record low in Frankfurt. The noon Dow Jones average of 30 industrials was off 0.83 points at 868.30. Declining is- sues on the New York Stock Ex- change led advances 643 to 429. Among Canadan issues on the New York exchange, Dome Mines was up 1% to and Canadian Pacific JA to Alcan was unchanged at and Massey Ferguson at while Granby Mining was down to Jnco to 38% and Mclntyre to Livestock report Calgary livestock CALGARY fCP) Receipts to 11 a.m. today from the Cal- public stockyard shows sales of head, mostly slaughter cattle with the bulk steers. Trade was strong and j active. Slaughter steers sold a full 50 cents higher with sales to 45.30. Heifers sold steady with sales to 42.70. Light-weight steers were discounted 50 cents to Cows sold steady with sales to 35.60. Bulls were steady. Steers Al and 2 44.25 to 45.20, A3 43 to 44.25. Heifers Al and 2 41.50 to 42.50, A3 40.25 to 41.25. Cows Dl and 2 34 to 35.20, D3 32 to 33.75, D4 28 to 31.50. Good bulls 38 to 41. Replacement cattle were scarce, selling steady. No stock calves on offer. Good feeder steers more than 50 pounds 43 to 45.40. Good feeder heifers more than 600 pounds 39 to 42. There were no hogs on offer. WESTERN OILS AND MINES Annual Income on 5 year Guaranteed Investment Receipts. Fully guaranteed by Royal Trust for term of deposit No fee or handling charge. Rate subject to change Albany Oils Alta East Gas Alminex Asamera Ashland BP Canada Brenda Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Drme Pete Dynasty Fort Reliance Giant Mascot Granis's Gt Plains Gt Cdn Oil S Lochiel Lytton Mm Nobla Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Rain Seibens Spooner Total Pete Ulster Pete West Pete W. Decalta 1 09 7.40 7.00 840 14.75 5.60 3.70 305 6.25 20 46.50 400 30.75 810 .ro 292 9.25 27.75 8.30 2.02 1.57 1.00 6.50 15.00 12.25 1.16 57 40 3025 1325 680 99 5.25 MISCELLANEOUS INDUSTRIES Acres Ltd Acmitaine BC Sugar Pfd Block Bros. Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestb-cctc Ind Cygnus A 13.00 21.75 1500 2.45 2425 23.00 27.25 7 M' 775 Cygnus B Falcon Copper F and M Trust Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell Husky Oil Husky B Pfd Husky D War Husky E war Hys of Canada Inter Prov Pipe Inter Prov Steel Kaissr Res_ Loblsw Pro Magnascnics Pacific Pete P W Air Pe-Ben Oilfield P.ainier IPC Royal Trust St. Maurice Cap Sand well Teledyne West CdT Seed Westfield Min Weston A Pfd White Yukon PIPE LINE Alia Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gar Metro Gaz Metro A Trans Can Pipe Tr Can A Pfd Tr Can B P'd Tr Can War WC Trans VVC Trans War CALGARY Acroll Barons O.K North Continental Western V'arne1" VANCOUVER 775 MINES 13.00 Afton 750 6 50 Atlas Explorations .45 l5.A2i2Batiiurst Norsemmes .70 41.50 Crcyden -M 37.50 Dankce 1.95 Davenport .50 Vardsn .SCV 50 00 Equitorial Res .ISVj 21 Primer .11 41.75 Pyramid .13 7.05 Siver Standard 75 8 is Valley Copper 9.25 4.55 920 13.25 _300 INDUSTRIALS Columbia Qrewing 2.90 Key Industries .29 Warda.r 2 20 o.oo Prp Exporalicns 1 16 2s'oo Plains Pete .18 9 Ponderay Ex. .92 Stampede Int'l Res. 1.18 4.75 MUTUAL FUNDS 24.37vi All Cdn Com 690 75-1 CO Al Cdn Div 7.38 3.07 3.EO Al Cdn Ventures 3 48 3.80 iQ Amer Gr Fund 508 5.58 A.G.F. Special 2.45 Cdn Inv Fund 4.93 546 62.00 Coll Mutual 5.19 5.70 12.50 Ctrnw Pilfer 1475 Ift21 STOCKS Ccmmw Lever 3.6? 4.05 Ven 6.97 7.66 71 00 Corp Invest 5 96 6 55 19.00 Corp In St Fund 4.S1 5.21 11 00 Drey Fund US. 1051 11 52 10.12'-Great Pacific 4.51 4.93 27 37W Gr inc Sha-es 374 1700 Growth Equity 755 820 4.70 In Growth Fund 12.03 13.16 6300 Investors Mut S.70 6.23 32 Accu 5.85 643 Gr Fund 339 40 CO Nat Resources 7.58 6.M N W Cdn Growth 5.45 1862'2N-W- Growth 4666 3.5D Prin Growth 4.16 Rovfund 6 45 Te-np Growtn 8 56 .04' '..United Accu 4.84 02 Univer Savings 7 50 40 Univesf 5.78 Vanguard i 82 Toronto mines, industrials (Supplied By Richardson Secnrifics of Canada) LAST BID OR SALE 3.73 8 33 5 "9 510 4.57 6 74 9 36 5.32 618 6.35 6 38 (11 a.m. Quo) MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. N.W. Land Canada Tung. Cassior Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollmger Hudson Bay M-S Hydra Ex. Ircn Bay Iso Joliet Quebec Kerr Addison Key Ana con Labrador Lake Shore Langis Silver Madsen R.L Malartic G.F. Martin Maclntyre Mela Midrlm Intern Moqul Nu West Homes New Athona New Calumet Noranda Northgate Norlex Osisko es) 11 1 22 1.24 2.05 43 14.00 2 10 -t.60 660 1.60 11.25 1.15 1.31 5.75 340 .19 1.15 6.60 4 20 31.00 38 97.00 1.2? 4.05 2.51 71 00 .22 45 8.90 375 44.00 Quotes) 32.00 27.50 2.72 12 1 55 .32 2800 7.10 2.90 295 3.00 .36 3.55 202 12.00 .31 43.00 3.10 .06 1 60 1.03 .45 51 25 .12 .18 12.25 7.67V2 .18 51 25 4.95 28 .24 (11 a.m. Pine Point Placer Dev. Pax Exp Quebec Man Rayrcck Radiore Rio Algom Roman Corp Sherritt Gordon Steep RocK Tek Corp. i exmont Uoper Canada Western Mines W. House Cop Wright Hargreaves 1 05 Willroy 1 03 Windfall .18 Yellowknife Bear 3 45 Zenrnac .11' INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Belljel Brazil Trac B.C. Tel Burns B C. Forest B.C. Sugar Bow Val Ind Cable CAE Ind Cdn Brew Chemcell Ccl Cell Calgary Power Corcn Credit C.W.N. Gas Cdn Ind Cdn Marconi Cdn Vcikers Chrysler C.P.R. Cominco COTS Bath Cons Gas Dist Seaarams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dotasco Pfd (17 a m. Quotes) Glendale Grt Cdn Oil 860 Sen Motors 65.50 Grf Lakes Pp 21 25 Gulf Oil Cda 31.7? Greyhound 1900 Hav.ker Sid 4.35 Hiram Walker 51.50 15 87Vj Hur Erie 28 00 1 53 Imp Oil 3900 4.05 3075 23 Int Nickel Int Pipe 24 Inv Grp A 9 CO Int Ulil 2425 Ind Accept 1700 Kaps Kelly Doug A 6 25 Laurentide 11.50 Loeb 4 90 Ldblaw A 7.25 1050 Met Stores 1900 29.12V4 Massey Ferq 1875 17.50 McMillan Bloe 27.87V'a 1100 Moore Corp 4925 6 Molsons B 26.50 10.00 Nachurs 7.37Vi 42 75 North Cent 10 00 19.50 Power Corp 10 00 51.62V2 Price Co. 14.25 16 25 Rcthmans 13.50 1625 St. Law Corp 19.75 1950 Shell CDA 17.37VJ 26 Simpson's 8 14.00 Simp Sears 11 75 9 75 Steel of 31 87V? 4.30 Selkirk A 395 Texaco 61.00 4.10 Traders Grp A 15 75 24.00 Trans Mtn Pp 2012''3 1 60 Trans Cda Pp 33 00 10.75 Union Carb 1450 Union Gas 10 3.85 Union Oil 14 00 11.37ya United Siscoe 750 23.00 Versatile Wlfg Westeel 13 00 29 50 Weston's B 20 25 Woodward's A V CO 16 37i z west Cdn Seed 5.25 33 25 Zenilh 2 45 33 00 BANKS Cdn Imo 29.25 7 75 Montreal 17 13.75 Nova Scotia 32.37V? 30 75 Royal 33 75 2700 Tor-Dom 31.00 Gov't stand 011 pipeline unchanged OTTAWA (CP) The Cana- dian government has not changed its stand against a pro- posed trans-Alaska oil pipeline, a spokesman for Energy Minis- ter Donald Macdonald said to- day. The spokesman was com- menting on a statement in Washington Saturday in which the state department said Can- ada has no strong interest in the construction of a Mackenzie River Valley pipeline to carry oil to United States markets from Alaska's North Slope. The department's assessment was in a letter to Representa- tive John Melcher (Dem. chairman of a House public lands sub-committee studying the proposed trans- Alaska pipeline, construction of which has been halted by court order. Environmentalists have sup- ported the Canadian route, through the Mackenzie River Valley, saying it would be less harmful ecologically than the Alaskan pipeline. "Oar most recent inquiries and remarks by Canadian offi- the state department said in its letter to Mr. Mel- cher, -'give no cause to change our view that the Canadian gov- ernment has no strong current interest in the construction of a Mackenzie Valley oil pipeline." The spokesman for Mr. Mac- donald said Canada remains op- posed to a trans-Alaska pipeline which would take oil to the port of Valdez where it would be pumped into tankers for ship- ment down the West Coast. "The minister has said many times we don't favor that route because of the danger of pollution. There's nothing new in our argument. "I don't know where he CMr. Melcher) gets his argument." Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board Tuesday. Edmonton: 46.50, average Monday 46.73. Red Deer: 46.4U. average Monday 45.69. Celgary: Nil, average Mon- day 45.84. Lethbridep: Nil, average Monday 46.29. Fcrt Mac.eod: Nil, average I Monday 46.30. i Total hogs sold to 11 a.m. 426. Tobal sold Monday Average 46.38. Sows 35 25. Send me more information on Guaranteed Investment Receipts. 1 understand I am under no obligation. _'..... ----J I I I I Guaranteed Investment Receipts. i Royal Trust I Member Canada Deposit Insurance Corp. I 740 4th Ave. South I Phone 328-5516 Lethbridge, Alberta t Amr T Anaconda Bsth steel Chrylser Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Montgomery Ward Neiv York stocks (Supplied B; PJcbarttson Securities of T 51 Sears 17.50 X-Rcn 26 00 Texas Gull 23.25 Texas Co 43.87V3Wix Corp 160 25 Woolworth 65.75 Westincjhouse 22 25 US. Steel 16 50 Gen Tele Eec 24.00 TORONTO 18.00 20 Indlttt 9225 20 Golds 309.01 up 11.6 Base Met 9940 uo .34 21 25 15 W Oils 211 30 Off .41 3500 Voume YORK AVERAGES Elec Indust 868.00 elf 1.13 Rails 154.82 up 46 29.25 IS Utilities 102.63 off .06 AVERAGES 65 Stocks 266 40 off .07 7m sn off l4Voyms Trees planted in Gaza Strip GAZA CITY (AP) Israel has planted 10 million trees in the Gaza Strip in an attempt to turn the desert area green, the Jewish National Fund says. Since Israel captured the strip in the 1967 Mideast War, the fund has reclaimed acres of Gaza land, levelling sand dunes, building small roads and planting trees for windbreaks, said fund director Jacob Tsur. The fund, which develops land in the Jewish state with contri- butions from abroad, has planted 130 million trees since Israel was founded in 1948. Two million seedlings were planted by the fund in Gaza. The other eight million were planted by the Israeli military occupation government. Tsur told reporters that Israel is planning four more Jewish settlements in Gaza. Since the 1967 war, Israel has established 42 settlements in the occupied territories of Egypt, Jordan and Syria despite Arab objections that the settlements are the prelude to annexation of the Arab land. TREF.S SAVED VIENNA, Austria Which comes first, the animals or the trees? The latter won out in a referendum in which voters decided against plans for a zoology institute to be built in a Vienna park. Beer popularity losing ground OTTAWA (CP) Beer is los- ing ground to harder drinks such as whisky as the most pop- ular alcoholic drink in Canada, a report commissioned by the Brewers Association of Canada says. The three-year study, headed by Toronto tax consult- ant Lancelot J. Smith, says 80 per cent of Canadian adults now drink compared with 67 per cent 20 years ago. In terms of alcoholic content, Canadians also are drinking more than ever before. Beer reached a consumption peak of 65 per cent in 1951 and fell to 57 per cent in 1971. Wine in 1971 represented 10 per cent of total consumption. The five-member study group says it believes lower-strength alcoholic beverages are less harmful to the health than stronger drinks and are not a large factor in impaired driving or arrests for drunkeness. WANT TAX HELP This led to its principle rec- ommendation for a taxation pol- icy to stop the shift to spirits and back towards beer. "This should be carried out by pricing beer at a base rate, wines more than proportion- ately higher, and spirits more than proportionately higher than says the report. The committee also was con- cerned about "competitive ac- tions in the alcoholic beverage industries that appear to be leading to a proliferation of products which stress higher al- coholic content." The committee also recom- mended federal and provincial reviews of tax differences on al- coholic beverages so the pro- gressive pricing principle could be applied effectively. It called on government to consider regulation of advertis- ing, programs to encourage moderation, information and educational programs and en- couragement of social norms to reduce the damage and health- related problems associated with alcohol abuse. Mr. Smith was chairman of the 1967 Ontario royal commis- sion on taxation. Other mem- bers of the group were Dr. Wil- liam Gillespie, associate profes- r-v cf economics at Carleton University, Dr. Andre Boudreau of Quebec, director-general of OPTAT, an institution devoted to prevention of alcoholism and other types of addictions, Dr. Clifford Chappel of Montreal, president of Bio-Research Labo- ratories and Dr. David Ouastel of Vancouver who is involved in research on nerve cells and the effect on them of drugs. Beef futures WINNIPEG (CP) Live beef futures close Monday. Jly 45.50A; Sept. 45.50A; Nov 45.00A; Jan 45.30N. Friday's volume: No con- tracts. Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 1-50 at 18-25. Pound ster- ling up 9-50 at 52.57 2-25. In New York, the Canadian dollar was up 1-50 at Sl.OO 7-25. Pound sterling up 23-100 at 4-5. Amonff the committee find- ings was that alcohol in the form of spirits is more associ- ated with cirrhosis of the liver than the same amount of alco- hol in the form of beer or wine. "Liver cirrhosis rises about 50 per cent more steeply with consumption of alcohol in the form of spirits than in the form of wine or says the re- port. Grain prices Winnipeg grain WINNIPEG (CP) After a slow start, prices turned easier in moderate .trade at mid-ses- sion today on the Winnipeg Commodity Exchange. Flax was lower except in the nearby month, while rape- seed was sharply lower, espec- ially in the Thunder Bay fu- tures. Oats and barley were several cents lower, while rye was un- changed to slightly lower. Monday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices: Flax: July Ztt higher 7.87A: Oct. 4% lower 7.27B; Nov. 7 higher 7.8 VzA; Dec. 12 lower 6.SOB. Rapeseed Vancouver: June 9 lower 6.43A; Sept. 14 lower 6.35; Nov. 18% lower Jan. lower 6.07B. Rapeseed Thunder Bay: July 20 lower 6.10A; Oct. 20 lower 5.97; Nov. 9 lower 5.90A; Dec. 15 lower 5.35A. Oats: July ZVt lower 1.44A: Oct. lower 1AVAA.; Dec. 4 lower Barley: July lower 2.06 %B; Oct. lower 2.03'A; Dec. lower Rye: July Vz lower 2.27A; Oct. unchanged 2.30A; Dec. 1 lower Grain quotes Monday (basis High Low Close Flax Jly 784% 782 784% Oct 731% 724 731% Nov 715% 694 715% Dec 692 668 692 Rapeseed Vancouver Jun 652% Sep 649 629 649 Nov 634 614 633 Jan 626 606 624% Rapeseed Thunder Bay Jly 635 615 630 Oct 621 601 617 Ncv 550 Oats Jly 154 I'd Oct 148% Dec Barley Jly 204 Oct 208 Vi Dec 202 Ryte Jly 227% Oct 230 Dec 148 142% 141% 210 212-ls 550 148 145% 143'A 200 205% 202 227% 230 233'4 ON LUMBER and BUILDING MATERIALS! x 10 Bevel CEDAR SIDING Standard lengths...........Per. M bd. ft. PREHNISHED KARDBOARD Several colors to choose from 4'x8' per sheet 4 .99 WHITE ALMATEX Exterior House Paint 1st prade Exterior PER GALLON ALUMINUM SELF-STORING DOORS Standard Sizes 1 Vt" Thick.........EACH ADVANCE LUMBER CO. LTD. "Your Pioneer Lumber Dealer Since 1925" Cor. 2nd Ave. and 13th St. S. Phone 328-3301 ;