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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 7, 1972, Lethbridge, Alberta Market declines in TORONTO (CP> Industrial Issues on the Toronto slock market dipped moderately lower as prices in most sectors posted declines in active mid- morning trading Ipclay. Tho industrial index was off .40 to 204.22 and western oils .51 to 226.15. Golds were lip .59 to 175.10 and base metals .45 to 80.31. Volume by 11 a.m. was one million shares, up from at the same time Monday. Advances, outnum- bered declines 152 to 103 with 212 issues unchanged. Banking, communication, oil refining, steel, utility and trust and loan stocks drifted lower. Chemical, food processing, real estale and industrial mining is- sues edged moderately higher. Hudson's Bay Oil and Gas -ell to SlliVj, Thomson News- papers to Shell -1, to 'Champion hull brings CALGARY (CP) Despite a good recommendation from the judge, the grand champion hereford bull at the anual sale brought only The bull, entered by Allen Mkltal of Weslerose, Alta., was bought by Ken llougham of Frenchman Butte, Sask. The reserve grand and senior champion sold by Mrs. C. M. Powlesland nf Ccchrane, Alta., to Chnck Yarboro of Cod- ding Research Co. of Foraker, Okla., for SG.750. The reserve senior champion brought to Hanson's Bell L. Ranches Ltd. of Calgary from purchaser Jim Hary of El- lenbrugs, Wash. There was a good demand for bulls from the United States as half of the first. (10 animals went across the border. Talks break off in GM strike LORDSTOWN, Ohio (AP) A 39-hour negotialing session between Gcncrnl Motors ami United Auto Workers officials broke off early today, appar- ently ending hopes for an early settlement of a strike by liourly employees at GM's Vega and truck assembly plants here. Bethlehem 14 to and Huron ami Krie Vj to Cominco slipped !s to Alcan to S20'.2, Bank of Nova Scolia to Brascan to Seagrams lo and Royal Bank ?k to liow was up 1 to Nabors Drilling 'A to DRG to Bank l-i lo J2CH, Mattngnmi lo and Hanger to PIUCES FALL MONTREAL CCP) Prices felt in all sectors but papers in light morning trading on the Montreal stock market today. Industrials dropped .18 to 210.23, utilities .50 to 160.70, banks 2.60 to 25G.85 and tho composite .40 to 206.99. Papers gained .47 to 90.57. Combined volume on the Montreal and Canadian stock exchanges was 353.900 shares compared with at tho same titne Monday. Montreal Trust Co. lost to Trans-Canada Pipe Lines Ltd. 'A lo Royal Bank Vi to Canadian International Power Co. Ltd yz lo and IAC Ltd. to Premier Cablevision rose Vi to On the Canadian Stock Ex. change. Eelgiunri-Slandard Ltd. dropped 'A lo D.IA DOWN NEW YORK (AP) Profit taking began eating into recent slocks market gains today in fairly active trading. The noon Dow Jones average of 30 industrials was down 2.78 .0 1117.40. Earlier U had been ashed more than a point, ex- ceeding Ihe 1971-72 closing high of 950.82. Among Canadians, Melntyre Porcupine advanced ll'a to Down li wero Distillers Seagrams at and Hudson's Bay Mining at Declining were Dome Mines at Genstar Ltd. at SlaVz, Interna tional Nickel at and Walker Gooderliam at Sllilz. On tiie American Slock Ex change, Scurry Rainbow Oil de- clined 'A to Red Arrows coming OTTAWA (CP) The Red Arrows, official acrobatic team of the Royal Air Force, wil make its first visit to Nortl America in June. British Im'or motion Services said the nine- plane team will perform Jim' 10 at Trenton, Ont., for the lo- cal armed forces day, and June 10 to 11 at the St. Catharines Ont., air show. CPCN-TV'S "NEW SEASOM" CADE'S COUNTY TONIGHT GOOD LOOKING Toronto mines, industrials (Supplied By llkharrfson Secnrlllcs of Canada) LAST KID OR SALE :M e.m. Quotes) a.m. SUOTCS) a.rn, Quotes) nada lung. issiar nlral Pel- Placer Dev. .MIS P.C. Exp. l.EO Quebec Man .50 Rayrcck .27 Rio Atgom Roman Ccrp, 375 SherriU Gcrd 1.6? Silver Miller Steep Reck T.ei Tek Corp. 17 S3 7.55 14 75 Do Fa sco Cable Gulf Oil Greyhou 37. ?3 S.M 29.03 IE 75 3.03 monl Per Horn r- trfora ome Mines 1? 29.50 .03 .51 Wilfroy Windfall Pipe Gp A Zenn OILS ac onaTdo INDUSTRIALS Iscovery Mines .EO Abillbl ast MalsrHc 1.20 Alcan flit SuUlvan Afgorna Steel alconbridse 9.500 Atco Ind .31 Allan Sugar iant Y.K. fi'55 P-Cll Tol ovis 2 35 Brazil TYac rnnrfuc 5 "10 B.C. Tel R L. 703 Durns lollinyer J9 00 B.C. Fcresf Hudson Bay M-S 55.50 B.C. Sugar Hydra Ex, .19 Bow Valley an Day 3.49 Cdn Brr.v o 1.S3 Cbemcel! jilet Quebec -27 Col Celluloie orr Addlioa 10 37 Vi Cal Power EV Anflccn .23 Coron Credlf CWN Gas .43 Cdn Indus! Canada 5 S Accept g A Kelly D L obi aw Wetfo Slores 50 Massey Fera McMillan DIM fV.osrc Ccrp 6.75 A'.olspns A 11. 87V] Molsons B North, Cenf 21. Power Corp 67 It, 50 7475 Price CO .ladsen R.L. irlic G.F. in McNeely Waclnlyre Aidrim 07 Cdn Ala i Calu et Horse Copper Norantfa 111 gate Jorlex Point .22 3.J5 Cdn Vickej-5 Cominco a Cons Bath Cons Gas Cdn. W. H. Gas Dist Sea Dom Bridge Donitnr Dom Dom Stores Dame Pete Rothrr 51 La.v Ccrp JOJO Shell CDA 32 CD Simpson's Simp Spars i J3 Steel of Can 2.10 Selkirk A 26.37'', Texaco 1 Traders Gp A 11.12V: Trans M1n Pp li.llVa Trans Can Pp O W Union Gss 3.dS Untcn Oil 11 A'.fg 14.75 Union V.'es! c'n's B 9.00 Woodward's A 19 50 West Cdn Sd 24 25 Zenith Errr 32 BANKS Want real Mova Scotia Roy i 6.2S 1300 15 25 2355 15.00 8.37VJ 19. CO 50.00 40.37'.'i 75 34 SO 20. 37 ;o.oo 45.50 17.62V': 1i tf CO 16.55 17.75 25 CO 77.0-1 11 75 23.M Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnalg Limited) LAST BID OR SALE Tuesday, March 7, 1972 THE LETHBRIDGE HERAID 17 Mackenzie gas pipeline has priority CALGARY (CP) A pipe- line along the Mackenzie Hiver valley has "clear priori- ty" over development of any oil fields in the eastern Arctic, says federal Energy Mininster Donald MacDonald. "I think the Mackenzie pipe- line has a clear priority for gas and probably for oil and the oil will depend to a great de- gree on what tho United States decides to do." A decision on the planned Trans Alaskan line could af- fect the Mackenzie proposal. Mr. Macdonald made the statement here after returning from the site of Panarctic Oils Ltd. recent oil discovery on Ellesmere Island in the east- ern Arctic. He said the find was signifi- cant but still to be examined was the transportation to mar- ket of any oil from the region. "I can see us putting money into a inerchant marine but I cannot see us putting it into tankers." Although tankers appear as an attractive method of mov- ing crude from the eastern Is- lands, a pipeline down the east- cm side of Hudson's Bay is a possibility, particularly for the movement of natural gas. Govt. plans position paper on royalties for oil, gas EDMONTON (CP) The intends to present a position paper an oil and nat- ural gas royalties to the :a legislature towards the end of the current session, Premier Peter Lougheed said Monday. The position paper will come about one week before the start of public hearings on the question, Mr. Loughecd said In a questfon-pericxl roplv to Grant Not ley (N'DP "Spirit The existing Id-year expires at the end of March. In the throne speech debate that followed, Opposition Lead- er Harry Strom said the Social Credit Party welcomes the pub- lic hearings but asked the Pro- Livestock report B.m. QuolesJ WESTERN a. Almlnex Alta Easr Gas BP Oil GBJ South :dn Ex Gaj rdn Homesfd Ctfn Inrf Gas Oil Cdn Super Long Is Charter Chief tan Dome Pete 1 Plains f Ctfn Oil Uchiel North Crfn Oil Numac 'ancdn Pels 'an Ocean 'elrot 'innacie 'lace Gal Ponder Ranger Rain Sclbens Total Pfte Ulster Decalla M1SCELLANEOU INDUSTRIES Aquatalne i.7o 6.SS 17.50 U25 5.S5 B.TJ 1055 43 C3 .4.75 9.JO 33 33-12 Va JGO l.SS 6.31 1675 1.53 V10 Huph Russell Husky Oil Husky Oil B Husky Oil War Inter Prov Pipe Inter Prov Steel Knlsrr Res MGF Pacific Pclc Rainier San dwell Teledyne Cdn Seed Wnlte Yukon Westfie'd CALGARY Acroll Barons Oil 34.75 a.m. QuoteO Invest Mutvi Mutual Ac Mutual Gr Nat Res Principal Gr Roytund J Universal Sav Vanguard Cmnw 585 5.55 65? A. 51 7.56 S.26 i.CS 555 A 30 6.92 7.56 6.5? 7.20 8. IB S. 99 VANCOUVER 13.2S MINES 1.53 Anuk Arctic Wring .50 Alias Explcr .05 Balh Norse West PIPE LINE STOCKS I7.CX3 AHa Gas A Alta Gas Pfd Atta Nat Gas Inland Nat Gas N and C Gas N and C B Pld P, Gas 7rans Gsz Metro Si. 00 78.12VJ 2J CD 15.50 6 25 70.00 Brycon Churchill Copper Crcyden Dankw Osliy Varden Fort Roliancc Giant Mascot Granlsle hCnrr, loops Copper 1.31 6.CS .32 .1? Ccfn Brew A Cdn Brew B Cdn Pacific fnv Crowsr.est Ind Cygnus A Cygnus B Falcon Copper Genstar Hon-e A Ho B Mud Bay Co Hud Bay Oil Lyttcn 20? Prirrcr .12 Trans Cda Pipe 45 55 pyramid .24 Trans Cda B silver Standard Trans Cda A Tcxmont 53 Trand Cda T4.CO Trcian .34 WC Trans 30.651'j Vsley Copper 9.75 Trans WIs 70.75 ,07 MUTUAL FUNDS INDUSTRIALS All CtJn Com 587 9.70 Block I3rcs 360 AH Cdn Divid V.SO 10.F? B.C. Sirnar 5075 Al Cdn Vent 4 la 155 R.C Pfd 15.50 Amr Gr F 7.11 Inter> AGF Special Crestbrcck F Ind 4 D Cdn Invest F 5.07 5 54 Hys Ccl Mulual 7.01 Key Indust Cmnw Inter 1-i.iJ Interior Brew 3.93 Crnnw Lev 3.9? J.31 Inter Mariner .63 Ccrn Invest 6.74 Pacific W Air 16.53 Ccrp In Sf F 5.23 5.77 Stampede Intl Res 1.03 Dreyfus F U.S. 13.47 14.74 OILS ?fi.25 Gr In Shares 4.03 Alfcany Oil .50 Equity 7.43 8.16 Plains Fcto 3050 27.50 39 CH A. 3 7V) 15.75 Htrd Bay Olf Pfd 52.50 Invest Gr F 13.33 West Fxplcr Nero York stocks r T and Anaconda Bslh Sfeet Chrysler Comsat Dupont G Gull (Supplied By lUchnnlson Securities of Canada! T -i4 6V'i Seari 111.50 20 Gatds 175.IS .45 Sid Oil of H.J. 75 55 10 Case 95.99 up .12 Texas Gulf 120.00 15 Oils 725.79 off 33 Texas Co 32.55 Vclcme 72 50 Wlckes Corn 4? W MEW YORK AVERAGES 177 Si 43.Wi 30 Injust 947.40 off 5.78 83.50 Elec 20 Rails "261 33 up !7-'25 U.S. Steel i 15 Utilities 115.96 up .67 AVERAGES 45 Sleeks 327.18 tfl .09 in ndrveiier Kenn Copper IS.f.J'i TORONTO Montgomery Ward 7.0 Indust 204.19 off .43 Vcli Hiss wins court decision WASHINGTON CAP) Alger liss, a central figure in the congressional investigation of the state department, won a Woman, 74, quits her paper route PEOR1A, 111. (AP) At the age of 74, Mary Bandy lias quit her paper route. "The doctor bugged me, my children bugged me and the route manager bngged the great-grandmother of eight said Sunday. "So I just gave it up last week. Just retired, that's all, after 27 years of delivering the morning Peoria Journal- Star." Mrs. Bandy said she plans to "spend time with my cat-, Mitzie, work in my yard and cut wood. I can swing an axe as good as anybody." She began walking her three-mile paper route in 1EH4. She took over as a "tempo- rary" replacement for her youngest son, Marshall. Her -J3 of whom called her Mrs. Bandy bankers, lawyers and doctors. She didn't throw the papers. She went to each doorstep, tucking the papers into places easy to reach. "I only make about a said Mrs, Bandy, "bul, it wasn't tlw money. I did it because I wanted to do it. I just love it. I like to walk." court decision ordering the gov- ernment to pay ii'.m pension xmefits. A tliree-jwlge federal court ruled that the so-called Hiss Act ivas applied in an unconstitu- tional manner to deny Hiss a annuity for Ills years of government service. The court ordered the govern- ment to pay the annuity plus interest retroactively to Nov. 12 G, Hiss's 62nd birthday and Iho. dale he became eligible for retirement benefits. The judges also ordered that monthly pay- ments continue. Hiss, now 67 and residing in New York, was convicted of perjury after denying before a federal grand jury that he gave state to Communist spies, lie served 314 years in n federal prison and was released Li 19 Ji, Grain prices Winnipeg Grain WINNPEG (CP) Flaxseed continued its recent steady gains at midsession of the Win- lieg Grain Exchange today, were one to two cents ligher as exporter buying met .ight offerings. Rapeseed was slightly lower on a lack ot exporter interest. Othsr commodities had a rou- .ine trade. Volume of trade Monday in- cluded bushels of flax, of rye and bu: shels of rapeseed. Mid-session prices: Flax: May higher July 1 higher l.TMl; Oct. IVi higher Nov. 2Vi higher 2.75. Rapeseed Vancouver: March 1 lower 2.57; June unchanged 2.57Vi; Spe. U higher 2.58; Nov. not open. Rapeseed Thunder Bay: May Hi lower 2.44V4I July lower 2.45-7s; Oct. lower 2.40; Nov. not open. Oats: May >s higher July unchanged 69; Oct. not open. Barley: May unchanged July and Oct. not open. Rye: May unchanged I.Ol'.i; July 3i lower Oct. low- er 9D's. High Low Close Flax May 274H Jly 270 Oct 274'i Kbv 272 >i Kapesced Vancouver Mar 261 258 238 Jun 260 Sep 239'2 257 KKi Nov 259 Rapesoed Thu-nlpr BIT-' May 24G 246 Jly 217 Oct 24S7a Nov 2-17 Oats May S8H Jly 60 Oct 70 Barley May lOiHi Lethbridge Livestock There were no cattle sales Monday due to the weekly sale of weaner and feeder hogs. Sales 275 hogs. All classes of good quality hogs met good de- mand. Feeders under 100 pounds remained steady while feeders over 100 pounds ranged SI to higher. Light feeders under 100 pounds 16-25 per head. Heavy feeders 100 130 pounds 21.25 26.75 per head; heavy feeders over. 130 pounds 33.25 34.25 per head. Light feeders under 100 pounds sold from 24.25 23.50 per cwt. Heavy feeders over 100 pounds sold from 16.75 24.50 per cwt. itchcr hogs sold Monday at e Lelhbridge yards .25 base price. Calgary livestock CALGARY (CP) Receipts (he Calgary Livestock Mar- t to 11 a.m., about 758 head; ostly steers nml cows. Trade as active. Slaughter steers were steady th last week's close; heifers ere steady; cmvs were SI gher with sales lo 27.60 and ills were higher also. Choice slaughter steers 34.50 34.50, good'33.50 to 34.50, me- u m 32.25 to 33.25. Choice eifers 32.75 to 33.40, good 31.50 32.50, medium 29 to 31. Good ows 26.25 to 27.25, medium 25 26, canncrs and cutters 21 to Good bulls 27 to 23.50. Replacement cattle were [OStly fleshy, two-way steers between and ounds witli prices strong. I n s u f f i cient stock calves !fered to establish n market Tokyo abandons street cars TOKYO (AP) Tokyo is pre- paring lo abandon street cars. The world's largest city will close down the last lines March 31 on Iho ground they arc out of date and unprofitable. Once 40 routes carried two million sons a day. Now seven lines carry Street cars have operated here 09 years. Now the city has two subway lines and is plan- ning a third. It also has buses. Some people say the trolleys' demise means more buses and private more exhaust fumes But officials foresee a better traffic flow, unhindered by street cars. Oct Rye May 102' 'i Jly 98's Oct 103 101 'A 99'.i 10114 97T'a sale EDMONTON (CP) Aver age prices lo 11 a.m. provide by the Albert a Hog Producer Marketing Board. Edmonion: 29.15, e r a g Monday 29.15. Red Deer: 29.15, averag Monday 29.23. Calgary: 29.15, averag Monday 20.15. Lelhbridge: Nil, averag Monday 29.17. I.loydminsler: Nil, ovcrag Monday 28.89. Total hogs sold to 11 7JO, Monday averaj, 29.15. Sows average Net earnings George Weston Ltd. ye ended Dec. 31: 1971, a share; 1970, North Canadian Oils Co. I-t year ended Dec. 31: 197 30 cenls a share 1970, 2-1 cents. ranCanariian Petroleum year ended Dec. 31: 1971, million, 48 cenls a share; 197 million, cenl.s. I.til., year cnde .Ian. 5: 1972, share; cenls. 1971 Van: e change :cqiiest okayed jy Iiolel firm OTTAWA (CP) Holiday Inn f Canada Ltd. said Monday i accede lo a request by Commons Speaker Lucien La -nou-eux to change the name o s new luxury hotel here. The Holiday till now is to he known as lloli ay City Centre. The speaker's request wa rompied by the introductio ast. nicntb of a private mem er's bill to give the feclera 'overnment a copyright on th 'arliament Hill label. The bill's sponsor, Georg Icllrailh Ottawa Centre ays he wants to prevent Ih commercial abuse of Parlia ment. But area cattle breeder Joh Mangioni says he won't chan he name of his Parliament Hi nor the registere "mes of his prize stcck whic includes Parliament Hill He and Parliament Hill Lazy Lou. Beef fulines WINNIPEG (CP) Lh beef futures close Monday. March 35.70A; Jly 33.95N. Friday's volume: No co tracis. SyGene Fawcetta foanfscMoa AN DRIVERS'SEAT, A FE AT U RE 0 F SOME NEWOW ON WITH THE IGNITION ATStffi AND CUTS OFFWHEN SEAT 1 cMPtRATURE REACHES 6Vf.... Good feeder steers more than fOO pounds 34.50 (o 36, Good cder heifers 31 to 33.50. Hogs base price 25.15. ibya signs lew pact vitli Russia BEIRUT CAP) Libya's new ;reement (he Soviet nion provides for the training Libyans so their government an eventually take over the oil dustry from {he Western coin- anies that now operate it, tho rab World News Bulletin re- orted today. Another publication, the news- ape.r An Nnhar, said diplo- laUc rources told it the agrce- icnt signed in ISIoscow Salur- ay also iiichides secret provi pus for Uie Russians to sel ibya ground-to-ground missiles nd MiG-23 interceptors, the nost advanced Soviet plane. The paper said ttie planes go lo Egypt if war with .srael resumed, the report said. Libya's revolutionary regime jresslvo Consen'atlve gmfm- nent lo make a fmal decision quickly so tho petroleum Indus- ry knows its position and can > accordingly. Mr. Strom said Inflationary pressures nre increasing and irill continue to create prob- lems. to low-income atid farm groups menlioned in :he throne speech only would tho problem. The government should make .he fight against Inflation a iigh priority item. "What is llw government go- ing to Mr. Strom asked. He said tho province's first Co nsorvati govern ment al s o should mnkc known its position constitutional reform and cost-sh arin R agreements with the federal Mr. Strom, the member for Cypress, said the Conserva- t [ves a Irea d y h ave m ade a mockery of human rights and open government by indicating that the cabinet, rather than the legislature, will hold public hearings on (he Alberta bill of rights, The bill. Ihe first niece of leg- islation introduced in the ses- sion, would guarantee six basic human riphls and freedoms. MAKCS PLEA Hoy Farran (PC Calgary NTorth Hill) made an im- passioned plea for assistance for the aged, in the form of fi- nancial assistance, more senior cifizens lodges and more nurs- ing homes. Mr. Farrait said society hns been particularly harsh toward the aged and I lie younger gen- eration seems too "bound up in their own existence" to help the province's old-age pen- iEoners, most of had to live on a month. Debate was adjourned by En- ready has contracted to buy 10 Mirage jets fran France, ut the terms of that agreement pecify that they cannot be to another govern- lent. And so far only six have esn reported delivered because f the shortage cf Libyan pilots. The Arab World News liulle- in said the Russians would rain Libyans in all aspects of he oil industry. It raid when he coqjs of experts is suffi- iently large, Col. Muammar tadafi's regime will nationalize per cent of the Western oil loldings in the country, giving Libyans control of one ot Vc stern Europe's biggest sources of cil. The bulletin said the agree- ment with Moscow also would ielp the Libyans operate tho ield which the government eized from British Petroleum Co. in December. vironment Minister Bill Yurko. Drills for oil in Arctic area MOSCOW (AP) The Soviet nion has begun drilling for oil n the shelf of the Arctic Ocean, I'hich Russian scientists believe contains more than half the vorld's oil resources. The news- >aper Izvestia said Monday light that Soviet geologists have larted sinking the first cxplora- ory well on Kilguev Island, in he Barents Sea about 120 miles southeast of the big Soviet is- and of Novoya Zemlya. JOINS BENY'S SALES STAFF E. AUAN Mr. Brent logon, Gcr.erol Seles A'ionager, Beny Chevro- fet, Oldimcbllfl ti pleased to announce that Alfon McKagua has joined their itaff. Allan has recently moved hero from Jow, Sask. He has spent his entire aduH life- In the sales field. He is a married man with 2 boys. Allan welccmej Ihs no'or ing pvblic lo lee him at Bnny's if ihey are ihi ing of buying either a new or used car or Iruck. He will be most happy to assist tl.em tn any way. V1o learn how you may obtain an 1DB loan Jto assist in starling, modernizing or expanding your business any- i where in Canada, business loans anywhere in Canada DEVELOPMENT BMK LETHBfilDGE, Alia.: Avc. Soulh-Tcl.: 328-9681 ;