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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 27, 1973, Lethbridge, Alberta 22 THE IETHMIDCI HCTALO W.dnwdoy, Junt J7, 1973 CANADIAN IMPERIAL BANK OF COMMERCE Fractional gain in TSE prices Gordon H. Lennord, F.I.C.B. Frank S. Ogncanson The appointments of Gordon H. Lennard as Vice-President and Regional General Manager, Quebec Region and of .Frank S. Duncanson as Vice-President and Regional General Manager, Alberta Region are announced by Russell E. Harrison, Executive Vice-President and Chief General Manager, Canadian Imperial Bank of Commerce. Mr. Lennard graduated from the University of Western Ontario and received a Master of Business Administration from Harvard University. He joined the Bank in 1954 and has held senior positions in Ontario, Montreal and at Head Office. For the past three years he has been Vice-President and Regional General Manager, Alberta Region. He now becomes Vice-President and Regional General Manager, (Quebec Region. He is a Fellow of the Institute of Canadian Bankers. Mr. Duncanson, a native of Lethbridge, spent his early years with the Commerce in Alberta before appointments at Head Office, including Divisional General Manager, Per- sonnel. He acted as the coordinator for the Bank in the development and building of the Commerce Court complex and was appointed a Vice-President, Head Office in 1971. Subsequently he directed the Bank's operation for Ontario East and North, and now assumes responsibility for the Alberta Region. TORONTO (CP1 Prices on the Toronto stock market moved fractionally higher m moderate mid-morning tracing tea ay. The industrial index, consid- ered the major indicator of 50 Peoples Department Stores to Bank Nora Scotia to and In- terpool to Canadian Tire fell to and Alberta Gas Jz to Tara Exploration was up to market trend, rose .19 to 209.03. j Northgate 40 cents to base metals 58 to 100 33 and and Rio Algom V4 to western oils 90 to 212 04. Golds Pamour was off 15 cents to was S157S Slipped .52 to 304.06 Volume by 11 a m. 000 shares compared with 000 at the same time Tuesday Advances almcot doubled de- clines, 120 to 61, while 160 is- sues were unchanged Bank, construction and mate- rial, trust and lean and utilitj issues were among sectors cf the market recording gains while pipeline, real estate, oev- Sherritt Gordon and Jorex 10 cents SI.05 Canadian Superior climbed to Numac Js to and Houston 10 cents to Fran- cana lost 30 cents to MONTREAL (CP) AH sec- tors except utilities advanced in rroderate trading on the Mon- treal stock market today. erage and chemical stocks were I Combined volume on the Mon- Royal Bank rose to S3334. and Co. 70 cents to 1 treal and Canadian stock ex- I changes at 11 am was CAREERS THE BLOOD TR.fBE OF INDIANS require the services of a qualified COMPTROLLER (Supervisory) to offer instruction and guidance in all aspects of accounting. Qualifications require a C A or equivalent accounting degree, ability to relate effectively to Native people, and experience in supervising a large staff. Forward complete resume of education, experience, and salary expected to: BLOOD TRIBE ADMINISTRATION Bex 40, Cardston, Alberta Attention: Mr. Richard Mills I snares, compared with i shares at the same time Tues- i dsy- Banks gained 1.65 to 253.64, j the composite .34 to 216.82, in- j dustrials .27 to 229.94 ana j pers 05 to 11509 while utilises dropped 04 to 149 09 On the Montreal vStock Ex- j change. Texaco Canada rose 1 to Peoples Department Stores 34 to and Royal Bank to while Canadian Vickers dropped to SUM: Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCuaig Limited) LAST BID OR SALE (11 a -n. Quotes) ni a.Ti. Quoies) (II a m Qbotes) WESTERN OILS AND MINES YOUR FUTURE S HERE. GOVERNMf.ruT Uf A-LBtRTA DESIGN ENGINEER Lethbridge. Irrigation Division Project Planning Branch. Specializes in preliminary and detailed hydraulic and struc- tural design; and evaluation of irrigation and drainage projects and systems. BSc. Engineering with related major. 3 years or more experience in structural and hydraulic de- sign. Salary range to per month. Appointment salary dependent upon qualifications. Competition number 1002-C-l. Closes July 6, 1973. Apply CALGARY (sea addrcst PUNNING ENGINEER Irrigation Division __ _____ jnior Engineer m planning, preliminary design and evakj'a' sn of irrigation systems and projects. B.Sc. in Engineering Planning Branch. Assist Lethbridge. Sen i tion with a reicfed some irrigation experience desirable range S776 to per month. Appointment salary dependent upon qualifications. Competition number 1001- C-l. Closes July 6, 1973. information and application from: GOVERNMENT OF ALBERTA PERSONNEL ADMINISTRATION OFFICE ROOM 110tr JOHN J. BOWLEN BUILDING 620 7th AVENUE S.W. CALGARY, ALBERTA T2P OY8 Grain prices Winnipeg grain WINNIPEG (CP) Prices continued their declines in all commodities in moderate trade at mid-session today on the Winnipeg Commodity Ex- change Flax and rapeseed down j and Canadian Arena to as much as the 20-cent limit, I On the Canadian Stock Ex- with smaller declines in the change, Quebec Uranium Min- June contracts of Vancouver ing dropped three cents to 29 rapeseed and the distant I cents on shares traded. months of TWnder Bay rape- seed. Oats were seven or more cents lower, while barley and rye recorded smaller losses Tuesday's volume of trade was bushc's of flax. 387.000 cf rye and of rapeseed. Mid-session pi ices- Flax: July 20 loner had been up three" points, after Oct. lower 6 ftkn a jo-pomt advance Tuesday. Ad- 20 lower Dec. 16 lower vancing issues took a 5764o-509 6.56V4B lead over declines on the Rapeseed Vancouver: June 10 york stock Exchange. Earlier VK lower 6 237sA, Sept. 20 lower advances ran ahpart bv a t.wn- 6 09A, Nov 20 lower 5 93A. Jan. 20 lower 5 84'zA Rapeseed Thunder Bay July 20 lower 5 90A, Oct 20 Icwer 5.81A, Nov 8 lower 5 71A Dec. unchanged 5 32V2A Oats: July lower 1 33J4B. Oct. 7 lower 1.30VzA, Dec. 74 lower, 1.2734A. Barley: July 2'-2 lower 1.98 ViB, Oct. lower 1.95A, Dec. lower 1.91B. Rye: July 2% lower Oct." 3 lower 2.19A, Dec. lower 2.297sA j Grain quotes Tuesday (basis XEW YORK (API stock market turned lower to- day, giving up an early gain, as investors were again unable to move a market stalled by the uncertainties of Phase 4 The noon Dow Jones average of 30 industrials was down 1.28 at 87316. In early trading, it Albany Oils Aita East Gas Alminex Asamera Ashland BP Canada Mines Can South Cdn Ex Gas Cdji Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chueftan Dome Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Locniel Lytton Mm Noble Mines North Cdn O'ls Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Ga; Ponder Ranger Scurry Rein Seibens Spooner Total Pete Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES on advances ran ahead by a to-one margin Among Canadian issues the New York Mclntyre was unchanged at ana Scurry Rainbow at v.hile Canadian Pacific was up 1 to and Dome Mines to Alcan dropped 'i to Saagrams 's'to Hudson BajJ-4 to Inco un to and Massey Ferguson to 705 830 465 9 10 285 875 Acres Ltd Aquitaine BC Suqar Ptd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestorook Ind Cygnus A Cygnus 6 1 13 Falcon Copper 7 40 F and M Trust 6 80 Gtnstar 8 60 Home A 10 50 Home B 1100 Hud Bay Co 570 Hud Bav Oil 375 Hud Bay A Pfd 315 Hugh Russell 615 Husky Oil Husky B Pfd 20 Husky D War 47 50 Husky E War 4 45 hys of Canada 10 62Vi In'er Prov Pipe 31 00 Inter Prov Steel 810 Kaiser Res 27 Loblaw C Pfd 2 90 Magnasonics 10 00 Pacific Pete 27 75 P w Air 860 Pe-Ben Oilfield 201 Rainier Inc 1 52 Royal Trust l 03 st Maurice Cap 7.00 Sandwell 125 15 00 Teledyre t OS 12.62'; West Cdn Seen 550 12 50 Westfield Mm I 08 15 Weston A Pfd 61 50 M White Yukon 11 75 63 PIPE LINE STOCKS JO Alta Gas A 13 25 30 50 Aita Gas Pfd 71 10 '587'; Alta Nat Gas 1900 '3 S> Inland Nat Gas 11 00 N and C Gas 1000 6 80 N and C B Pfd 22 25 '7 Pacific Trans 12 00 50 Gaz Metro 4 25 5 30 Trans Can Pipe 22 75 Tr Can A Pfd to 75 Tr Can B Pfd 40 25 Tr Can War 6 60 WC Trans 1850 WC Trans War 355 CALGARY Acroll 47 .40 Western Warner VANCOUVER MINES Atton 7 50 Atlas Explorations 7 75 7.75 1300 650 1575 ____ __ 40.62'A Batnurst Norse'rmnes .71 37 50 Croyden 04 18 Dankoe 2 00 25 Davenport 52 51 00 Dolly Varden 42 37V2 Equitonal Res .15Va 22 00 primer .11 Pyramid .it Silver standard 75 Valey Copper i so INDUSTRIALS Columbia Brewing 180 Key Industries 27 Wardair 2 20 OILS Prp Exploration! 1 15 Plains Pete I" Ponderay Explor 91 Stam Int'l Res 1 25 675 a 24 37Vs All All MUTUAL FUNDS Cdn Com 4.77 Cdn Div 7 25 All Cdn Ven 3.47 Amer Gr Fund 510 7.40 792 3.79 S.oO A G F Spec 2 48 Cdn Inv Fund 4 99 5.47 Coll Mutua 5 23 5 75 Comm Inter 14.71 16.16 Comm 3 69 4 05 Comm Venture 7 00 7 69 Corp Invest 5.9S 656 Cr Inv St Fund 4.83 5 30 Dr Fund US 1065 11.67 G.- In Shares 3.38 3 72 755 B29 1337' 21 75 1500 255 2425 29 SO 27 62' 762' Barons Oils North Continental Gr Equity In Gr Fund In Mutual Gr Fund N3lt R; S N W Cdn N W Growth Prm Growth Royfond 47 Temp Growth Uni Accu 0 2 Uni Savings 02 Vanguard 11 95 1307 5 67 6 21 Si 4 3 <1 3 75 760 544 4 67 415 648 853 486 749 5.S8 8.35 5.98 5 13 4.56 6 75 9.32 5.34 8.23 (5.44 Toronto mines, industrials (Supplied By Securities of Canada) LAST BID OR SALE Proposed complex This artist's drawing of a million recreation and business administration complex proposal presented to the Peigan band in March is presently under study to re- duce cost by altering design to bring it within the finan- cial structure of the Peigan band. The complex, propos- ed for Bro-cket, will also include commercial mall space and a health centre. Workers control big watch factory BESANCON, France (AP) The Socialist party requested Workers have taken watches to see at its na- France's largest watch factory tional congress in Grenoble dur- to save their jobs. The mini-revolution in this eastern French city is admired by workers, but it worries pn vate enterprise and has brought personal intervention from Prs- mier Pierre Messmer. The factory had been shut down in bankruptcy for two months when its workers set up a workers' commune lasi week and started the machines rolling again ing the weekend. The spread. On the other side of France, in Brittany, laid-off workers occupied a clcsed clothing factory and used the stocks to make goods to pay their own severance wages. Enthusiasm swept t hrough the Lap factory here as the first workers' watches came off the assembly line and successfully passed their accuracy test "It's incredible but They offered their watches to a watchmaker. "The the public at a ers are in charge, and there is count from the old price ana or- ders poured in from waiters' committees at plants through- out France High Flax Jly 2 77S Oct 735 7111.: Nov 718 6951-2 Dec 695 672 Rapeseed Vancouver .Tun---------------- Sep 649 629 Nov 613 Jan 626 6044 Rapfeseed Thunder Bay Close 783 "i 711 '2 695 2 672' i 62 601 GRANDE PRAIRIE REGIONAL COLLEGE DIVISION OF PHYSICAL EDUCATION is accepting applications for the following position PHYSICAL EDUCATION INSTRUCTOR The successful candidate will hold a masteis degree, with a strong background in dance, basket- ball, and and a general background in various sports. Preference will be instructors. given to experienced female Duties include teaching, selected coaching and minor administrative responsibilities. This is a full time continuing position, effective August 15, 1973. Salary: per annum. Applicants should send vitoe and references by July 5, 1973 to; The Chairman, Physical Education Grande Prairie Regional College Grand Prairie, Alberta T8V 2WA Jly Oct Nov----- Dec 551 -i Oats Jly 148 Oct 145 4 Dec 142 Barley Jly 209 Oct Dec Rye Jly Oct Dec 206-4 204 235 237 597 532 140 137', 135 ''4 301 198 195 232 224 610 601 579 532 2 1-iO 1374 135' 4 201 Arabs boycott j labor ineel GENEVA (Reuterl Arab delegates stormed out of the In- fernational Labor Organ- i ization's annual conference yes- I terday after a resolution con- demning Israeli policy in oc- j cupied territories did not pass j because of lack of a quorum. i Mowaffak Allaf of Syria said on I behalf of all Arab governments they are boycotting the rest of the session 197 222 224 Rider killed as horse rolls CALGARY (CP) .Seven- teen-year-old Colleen Corbett of Calgary was killed when the horse she was riding lost its footing on a steep hill and roll- ed on top of her while she was on a trail ride with friends Hog prices j livestock EDMONTON (CP) Aver- age prices to 11 am today provided by the Alberta Hog Producers Marketing Board Edmonton 46 75, Tuesday 47.56 Calgary 46 75, a P r a Tuesday 47.44. Lethbridge: Nil, Tuesday Fort Macleod: Nil. Tuesday 47.35. Total hogs sold to 419. Total hogs sold 136.20. average 47 49. Sows CALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards showed sales of 1.250 head, mostly average slaughter cattle, with the bulk steers Trade was active. Slaughter steers were sold steady to 25 cents lower. Heif- ers were steady, cows barely steady, quality cons idered. Bulls were unchanged. Steers, Al, A2 44 to 45 A3: 43 to 44 Ileiters, Ai A3 41 50 to 42.30 A.J 4025 to 41.25 Cows. Dl D2: 33.50 to 34.50. average average (11 a.m Quotes) MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick can. N.w Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Ramblpr Coin Lake Cochenour Cralgmont Dickenson W-nes Denison Mines Deer Horn D'Eldons Dome Mines Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Giant Y K Granduc Hollinger Hudson M Hydra Ex. Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Lanqis Silver Madsen R L Malartic G Martin McNeely Maclntyre AAata Intern Atoqul Nu West Homes New Athona New Calumet Noranda Quotes) 32 M 272 12 1 51 33 27 IS 1 IS (11 a m Pine Point 10 Pax Exp 1 40 Quebec Man 1 21 Rayrock 2 05 Rao'iore 45 Rio Algom M 00 Roman Corp 10 Sherritt Gordon "S steep Rock 6.75 Tek Corp 1 60 Texmont 11 25 Upper Canada II Western Mines 1 30 W. House Cop Wright 1 06 Willroy 03 Windfall 20 Ycllowl'nife Bear 3 45 Zenmac 12 INDUSTRIALS 10 SO Northqate Norlex Osisko 575 340 IS 1 P 665 420 31 00 Abitibi Alcan 38 Algoma SlfH Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B C Tel Burns B C ForpM B.C Suqar Bow Val Ind 33 Cable 3d CAE Ind 3 50 C-ln Bre-v 101 Chfimcell ?i'2 Col Cell Calgary Power Coron Credit C.W.N Gas Pfd Cdn Ind Cdn Marcon! Cdn Vickers Chrysler C P R Commco Cons Bath Cons Gas Dist Sesarams Dom Bridge Domtar Dom Textile Com Stores Dome Pete Dofasco Glendale 23 2 93 300 300 98 SO 1 '2 XOO 737 7000 47 1 10 J650 12 ro 10 4350 3 10 04 1 53 I 03 43 51 50 (11 Quotes) Grt Cdn Oil 8 oO Gen Motors 66 50 Grt Lakes Pp 21 37 Vi Gulf Oil Cda 33.87V3 Greyhound 19 00 Hawker Sid 4.35 Hiram Walker 52.00 15 Hur Erie 27.75 Imp Oil 39.62V3 Imasca 3025 Int Nickel 28.50 Int Pipe 24 62Va Inv Gro A 8.75 Int Util 24 25 Ind Accept 1700 Kaps 725 Kelly Doug A 6 25 Laurentide 11 50 Loeb 4 85 Leblaw A 7.00 Met Stores 20 00 29 l2Vj Massey Ferg 18.75 17 McMillan Bloe 28 00 II 00 Moore Corp 48 Molsons A 27 121-1 9 P7! j Molsons B 27 25 42.75 Nachurs 7 25 19 SO North 8. 10.00 51 Power Corp 10 12Vi 1625 Price Co 14.25 1612V} Rothmans 1375 1950 St. Law Corp 19 SO Shell CDA 1750 l.i Simpson's B.87V3 11 871'2 31.50 Kaiser head expects to see profit FERME. B.C. (CP) The president and chief executive no boss The Lap factory is the largest single industrial unit in this city of and the muniMpal council views the worker revo- lution with unconcealed jthy The factory warned that the workers' watches are covered by no warranty and anyone buying them can prosscuted for receiving stolen j property. DEBT FCfcCED HALT The trouble at Lip started April, when the century-old" en- terprise went into voluntary presiaeni ana cp.ei bankruptcy. The owners officer of Kaiser Resources 'h of Ltd., says he is optimistic about j needed m YTIQ If a tinue production. A board of receivers was ap- pointed and production was teJted. The workers seized the factory and a stock of high-quality watches. The finished watches, worth 9 4 10 i CO 415 24 00 -i 60 1075 It 3 85 1] 50 18 27 51 25 520 27 .24 Simp Steel of Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Carb Union Gas Union Oil United 16 B7V3 Versatile Mfg Westeel 21 25 Weston's B 16 25 Woodward's A 38 West Cdn Seed T, Zenith Elec 20 BANKS 775 Cdn Imp 1375 Montreal 30 S7V3 Nova Scotia 27 Royal 10 12Vi Tor-Dom 61.00 1575 2025 3250 1550 n do uoo 770 625 1300 70.25 7500 5.25 17.62V2 33 37Vz 31.12VI his company's chances to make a "modest profit'' in the second quarter of this yar. Stephen Girard told the an- nual meeting of shareholders that Kaiser Resources expects the profit, compared with a first-quarter loss of "For the second quarter of niilhon were smuggled out this year with record shipments I of ffctoiy in a garbage of 15 million long tons (of' truck and carefuUy hidden out we anticipate a modest l of the receivers, profit from he! Instead of selling the com- said. "In addition, significant iPtet.ed watches, the comimtte foreign exchange gains from'decided resume production, debt retirement this month are! raw materials in sfock expected to be realized which i sufficient to make will result in recording a profit, watches Foremen went lo work for the first half of 1973." benches, working hours Mr. Girard said the Koote- were sharply reduced and ev- Ncw York stocks (Smmlied By Richarffson SernriHei of Canada} 92.50 20 Golds 304.78 up M 96 37'-2 10 Base Met 100 06 up 31 21 42V2 15 West Oils 211.M up .70 000 NEW YORK STOCKS Sears Amr T i T 5! 25 X-Ron Anaconda Texas Gulf Beth Steel 2700 Texas Co Chryslfr 23 50 Wix Corporation Comsat 4575 Woolvvortti Dupont 1M75 WestmghDuse Slec 3375 2D lndu! 03 off 2 40 General WIZ'? US. Steel 79 87v, 20 Rails 15J.90 off 187 Guif Gen Tel Elet 29 15 Utilitie-; 102 66 off 06 Kenn Copper' 24 TORONTO AVERAGES 45 Stocks 268.H orf 1 15 Montgomery Ward 1812V? 20 Ind 208 5.1 off HOG SALE 11 a m Tuesdav Gold futures WINNIPEG (CP) Gold Mures, U.S. funds, Winnipeg Commodity Exchange close Tuesday. Lethbridoe Livestock Monday sales hogs. All classes of weaner and feeder D.i: 32 to D4 28 to 31.50. hogs met good demand. Light I Bulls, good: 38 to 41. i Replacement cattle were mostly shortkeep steers, weigh- ing more than 850 pounds Heif- ers more than 650 pounds were steady. No stock calves on of- fer Good feeder steers more than Jly 73 124 00. Oct I 800 pounds 43 to 45.150. Good 80, Jan 74 13200, Apr 74- mop than 6iO 135.50, Jly 74 135.50 pounds 40 to 44. Hogs: 46.75. Monday's tracts. volume: 25 con- were sold lower than Tuesday's. Good lambs: 37. Grain Quotas CHICAGO (AP) Grain quotations Monday: Wheat: Jul Sep 2.603i; Dec Mar 261; May 2.56. Corn Jul Sep C.20; Dec Mar 2 May Jul weaners sold to per head lower Heavy weaners steady to strong. Light feeders under 100 Ibs. or more higher. Heavy feeders over 100 Ibs. around higher. Weaners 19 to 3075. Light feeders under 100 Ibs. 31 50 to 40.75; heavy feeders over 130 Ibs. 45 to All prices per head. Light feeders under 100 Ibs. sold from 43 to 60 cwt. Heavy feeders over 100 Ibs. sold 30 to 35 cwt. Boars sold to per head Bred gilts sold 80 to 92.50 per head. Butcher hogs sold Monday at the Lethbridge yards 45.90 to 46.30 taw price. nay-based company has met a 4.5 million coking coal contract with Japanese concerns signed last year. "By the end of this month we will have shipped a total of 4.8 million long tons of coking coal to Japan since last June 30. That includes a carryover of about long tons from the previous agreement." He also highlighted the main items of a new agreement sign- ed recently with the Japanese which includes a price increase of a long ton, raising the base price to "In addition to these main provisions, our customers agreed to cost escalation allow- ances to April 1, 1975 of up to 80 cents a long ton." He said Japanese customers have also agreed to an equity investment program of 5 million for 7.2 million shares to clear up Kaiser's long term debt. American based Kaiser steel will also invest mil- lion and will receive 6.7 million shares. eryone volunteered to give up his summer vacation. A stand was opened at the factory gate to sell watches to the public at 40 per cent below usual shop prices. Within an hour, scores of buyers were standing in line GET BIG ORDER An unidentified dealer offered to buy watches, the fac- tory's top capacity output for three months, if the committee could find the necessary raw materials. The provisional adminis- trators of Lip danounced the op- eration as theft and hinted at. legal action against workers and their customers replied the work- ers' committee. Every worker, from super- visor to unskilled laborer, gets a flat wage of a month. Those with large families get a bowis After initial government hesi- tancy, Premier Messmer an- nounced he was taking the mat- tor in hand personally to s act; a solution. Beef futures Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was up 1-50 at 4-5. Pound sterling up l- WINNIPEG fCP) Live 50 at beef futures close Tuesday Fn New York, the Canadian Jly 45.25A, Sep 45.50N; Nov dollar was down 1-50 at i- 5. Pound sterling down 3-100 at 1-W. 44 75; Jan 45.30B. Monday's No tracts. ;