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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 13, 1973, Lethbridge, Alberta 20 IHE ItTHBRIDGE HERMD _ Tuesday, 13, 1973 West oils pace market advance TORONTO (CP) Western oik led the advance as pi-ices ij; most major sectors of the To- ronto stock market moved liigher in moderate mid-morn- ing trading today. The industrial index, consid- ered a major indicator of mar- ket activity, rose .53 to 223.48. Western oils were up 1.2-5 to 233.76 while gold's dropped 2.92 to 223.B5 and base rnefals .01 to 102.75. Banking, oil refining, bever- age, general manufacturing, real astatc and communication issues posted moderate galas while pipeline, trust aud loan and steel lower. stocks remained Doman Industries was up 1 to Bow Valley to Gibraltar Va to and Chief- tain 5s to smi, Uoyal Bank was up H to Imperial Oil to United Siscoe >i to and Numne Vs to Maple Leaf Gardens lost IVi to Falconbridge f. to Mclntyrc to SoUi, IAC V; to ?18 and Camilo 20 cents to MONTREAL (CP) All slocks gained in light trading on the, Montreal stock market to- day. Banks gained 1.9-1 to 265.42. utilities to 159.69, the com Weld-wood Canada Vz to Grain prices Winnipeg grain WINNIPEG (CP) All com- modities traded at lower price patterns at mid-session on the Winnipeg Commodity Exchange today. Flax and rapeseed prices were down the daily maximum ct 10 cents in a dull volume of trade. Oats and barley were slightly lower and rye losses for four cents. Volume of trade Monday was bushels of flax, 2.103, 000 of rapesecd and of rye. oUid-session pi-ices: B'lax: May 10 lower 5.00 5sA; July 10 lower 4.88A; Oct. 10 tower 4.65 VsA; Nov. 10- lower 4.86 ViA. Rapeseed Vancouver: March 30 lower 3.73 ?iA; June 10 low- er 3.84 14 A; Sep. 10 lower 3.SH A; Nov. D Vi lower 3.64 3iB. Rapeseed Thunder Bay: May 10 lower 3.GO July 10 low- er 3.62 VjA; Oct. 10 lower 3.51A; Nov. 10 lower 3.33 VzA. Oats: May lower 1.10 U; July 2 lower 113; Oct. 2 iDiver er 1.03; Dec. net open. Barley; May 1 lower 1.49; posite .41 to 229.57, papers .20 to 122.20 and industrials .17 to 243.33. On the Montreal Stock Ex change. Falconbridge Nic'xe dropped 2 to and Scott's Restaurants IVi to SI931 while Montreal Tnist gained to and Vclco ft to On the Canadian Stock Ex- change, Min-Ore Mines gained to 1% on 39.500 shares. NEW YORK (AP) The stock market spun its wheels again today, caught in the con- tinuing uncertainties surround- ing the international monetary situation. The noon Dow Jones average o! 30 industrial slocks was up 2.33 at 972.03. Declines however, took over from gainers by a 53S-to-546 margin in quiet trad- ing on the New York Stock Ex- change. Among Canadians, Dome cs was down 3 to Hud- son Bay Mining Is to and Massey-Ferguson V3 to Canadian Pacific advanced li to On the American exchange, Preston, at and Scurry- Rainbow, at each were Last of a four-part serie July 1 >4 lower 1.49 Oct. 2 lower 1.49 -IsA; Dec. not open. Rye: Jlay 4 lower 1.37; July lower 1.38B; Oct. 1 lower 1.39 Dec. 2 lower 1.40A. Grain quotes Holiday (basis High Low Close Flax Jly------------------ 483 Oct 478 476TJ 476Ts Kov------------------ 466 !4 Kapesecd Vancouver Mar 3% S88VI Jun 402Vj 394 Sep 40114 394 Kov 33214 374 374 Ttapeseeif Thunder Bay May 370V3 3701i 3791 i 384 Jly Oct IVov Oats May 119: Jly Oct Dec Barley May 152 Jly Oct Dec Rye May 148ii Jly Oct 152H Dec 148? s M714 142 372 361 11914 ISO'S s 140! 2 14013 372V! 301 1195s (15 110 1081 i 150'i 150T4 150'i 149Vi 141 142 142 Booming business Henry Noyes, proprietor of China Books and Periodicals, poses in his shop in San Francisco where a few years ago he started selling English language books and mag- azines published in Communist China. Today the shop is a beaming business with brandies in New York and Chicago. Noyes, who says his shop is the "the largest dis- tributor in the Western World" of mainland Chinese writings says business has doubl- ed in the past year. net earnings increase 4rabs ivatch and discuss growing U.S. energy crisis Sitting on the world's greatest oil reserves, tlie Arabs can exert tremendous political pressure on oil- short United States. But tlie Arabs like to keep (he desert green with Western money Last of four- part series. By WILLIAM L. RYAN WASHINGTON (AP) Tlie Arabs' struggle with Israel must become "a batlle of oil and proclaims the president of Syria. The president of Egypt mur- murs an amen, then appears to admit, resignedly, that it won't work. "It is said Tax return tips MONTREAL (CP) Cana- dian Pacific Ltd. reported Mon- day total net earnings of million for 1972 or a share, an increase of million or 28 cents a share over 1971. The company said that 1972 earnings, excluding extraor- dinary items, reached an all- time high of 591.2 million or 51.26 a share, Compared with 1071, tliis was an increase cf ?23.5 million or 32 cents a share. Nearly every sector of activ- ity contributed to the increase, tlie company said. Increases f were recorded in rail, truck and tele- j air transportation and Calgary livestock j communications. Snipping communications, dividends Q. I am a member of a Blue Cress Plan, and in the past, have claimed my medical ex- penses on a twelve-month period ending on Juno 30 cf. each year. Can I still claim in my tax return covering the yosr 1972 for the 1971 medical expanses that were reimbursed by tlie Plan? A. No. You can no longer claim for medical cxperejes for which you were entitled to ba reimbursed. This includes all the medical expenses for any twelve-month period ending in 1072. Q. My mother is receiving full time care in a nursing home. Can she claim the costs as medical expenses? A. Unless your mother blind, or is confined to a bed or wheelchair, the costs for her care in the nursing home do not qualify for deduction as medi- csl expenses. CALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards show sales of head, mostly slaughter classes. Trade was strong and active. Slaughter steers sold for 25 cents higher. Slaughter heifers sold fully 75 cents liigbev and slaughter cows were in short supply selling 25 cents liigher with sales to 34.50. A few medi- um bulls traded at steady prices. Steers Al and -n.50 to 42.50, the only exception. A3 40.50 to 41.50. Heifers A! and 2 40.50 to 41.40, A3 39.25 to 40.50. Cows Dl and 2 33.25 to 34.25, D3 32 to 33.25, D4 29.50 to 32. Medium bulls 39 to 40. Replacement cattle w e v c j mainly heavy feeder steers more than 850 pounds selling at higher prices. Good feeder steers more than 850 pounds to 43.50, A few good heifers calves more titan 400 pounds sold at 47.2.5. Hogs fob Calgary to 11 a.m. average base price 40.70. The company said the spot six per cent, charter earnings achieved by Canadian Pacific (Bermuda) Lid. in 1971 did not recur last year and dock strikes in Can-1 ada and the United Kingdom hnd an adverse effect on CP Ships' container operations. Income from railway and miscellaneous sources reached 544.7 million or 57 cenis a share, compared with mil- lion or 49 cents a share in 1971. Miscellaneous sources include earnings from CP Tele- from Canadian Pacific (Ber- interest income, income from other investments and losses incurred by CP Steam- ships Ltd. CP Investments and CP Air incomes amounted to mil- lion or 30 cents a share, com- pared with million or 35 cents a share In 1971. Equity in earnings retained by subsidiaries increased to million from million in 1971. Net railway earnings of milHon were or 26 per cent higher than in 1971, Rail freight revenues rose by million or eight per cent. Railway ex- penses were up million or Goltl futures WINNIPEG (CP) Gold fu- tures, U.S. funds, Winnipeg commodity exchange close Monday. Apr 73 83.00A; Jly 73 34.65A; Oct 73 86.00B; Jan Apr 74 S4.40A. Friday's volume; tracts. J5 con- Hoo- sale Monday sales 591 liogs. All cl ass c'5 of and feeder hogs met good clem and at steady to strong prices. Weancrs 21 to ?A. Light feeders tinder 50 Ibs, to 39.75. Heavy feeders 100-lCO Ibs. 41 to -35. Heavy feeders over 130 Ibs. 59 to Light feeders under 100 ._ ._ I X-'J-1 increase predicted Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dolierty. McCaaig Limited) BID OH SALE s.m. Quoteti a.m. Osrotes) (11 :M> Ouolcsl OILS AND MINES Alia East Gas 9.JO Almlnex 6-15 Asamc-ra 13.00 Brenda Mines Can Soulh Cdn Ex Gas Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chief tan Dome Pete Dynasly Pert Reliance Giant iV.ascot Gran isle 17.35 Crcwsnest Ind Cygnus A Cvqnus B Falcon Copper F and M Trust t Gcnstar Hoi Cdn tnv Fd 5.11. 5.74 7.75 Co.-nm Inlor 15.7J 17.37 7.75 Comm 4.-19 13 62'A Comm Vent B.07 a.67 775 Ccrp Invest 7.C1 1775 Corp In St Fd 5.J7 6.01 Fd u-s- T2-17 la3J Hsril Bay Co Hud Bay Oil a.IO Hud Day A Pfd Hugh Russell .24' Husky Oil Husky B Pfd Hi-sky D War Husky E V.'ar 4.7.1 9.80 4.CO 6-75 Accum Mot Gr Fd Naf Res IJ.VA Cdn Gro-.vth 4.31 15.90 6.58 t.35 4.98 8, 52 5.75 632 sold from 40 to 51 per hundred QUEBEC (CP) An increase in oil prices due to increased fi- nancial demands from oil-pro- ducing nations was predicted Monday by Moharaed El-Mahdi, director of economic studies for lha Organisation cl OU-Export- i ing Nations. Mr. told a confer- cnco at Laval University that oil-producing nations would in- crease their demand s during the next round of negotiations with oil companies. Importing nations receive in taxes a barrel of oil exerting r.ations get only in taxes a barrel, despite financial improvements during the last round of negotiations, he said. Mario Alvarez, Heavy feeders over 100 ?A to -J2 per hundred weight. Bred sows and gilts 110 to of a Spanish group, said importing na- tions such as the United States favor a rise in oil prices. In the long term, increased prices would result in the dollars per head. opment of alternate sources cf Doars ICO to ISO tloHnrs per I energy, aiding (he United States to overcome its dependence on Butcher hogs sold Monday al the Middle the the Lethbridgc yards 43.70 base U.S. wishes at any cost, ho price. i added. Lytlcn Win Noble Mines Morth Cdn Rain Saibsr.s 41.75 infer Plpft lO.SI'A Growth 10J5 Inlcr Prcv Steel 14.75 Royfund 710 Kaiser Res 3.15 Temp Gr 9.S1 3-5J Loblaw C Pfd 30.M Un Accum 5.5S V.tQ Mapnasonics 14.57'A Univ Sav 8.30 37.15 pacific Pete 34.25 Ur.ivest 6-1B B..i3 PW Air ]0 S7Vi Vanguard 7.10 "I iS? US st Maurice Cap 1-50 Garons Oil 6..'0 SandA eII 4.4) No.-Ih Ccnt 17.CO Telsdynn west Warner 15.75 Cdn Seed S.Wz VANCOUVER 15.SO MJn 1.32 MINES 1.35 v.'esion A Pfd 63.0J Alien V.'hire YuVcn 1475 Atlai Explor PIPE LINE STOCKS Balti NortsmlrLes Total 7. Ulsrer Pttc 8. MISCELLANEOUS INDUSTRIES Acres Ltd Auullalm RC Sucar Brinco Firev .n Alfa Ar'a Pfd 15.J5 Alia Nat Gas Inlancf Gas -55 N and C Gas 7-W n ar.rt C D PFd Pacific Trans B.I2Vj Gdz MeJro Croyden DanXco 21.53 Davenpcft Vardon 11'371'? Editorial Res "''7 Lorjiex Primer i'Jto Pyramid .05'A .54 ?.63 .11 Ccfn Brew B r-ln Pacific !nv Creslfcrook Ind Tr Cda A Pfrf Tr Cdo B Pld I'-Wi Tr Cdn V.'C Trars 15.01 Traa; V.'h 3.15 MUTUAL FUNDS 5.75 AM Cdn Cum 7.9-1 C.4J 56.00 Ail Cdn Divi 33.75 G 8. a AGF Spac Fd Copper 10 SO INDUSTRIALS Col Brewing Hys Canada induct OILS 8.56 Oifs Phlns Q. My employer states th'afc the portion of the medicare premiums that he pays on my hehaH must be included in my income. Is this correct? A. Yes. Commencing in 1972, tha benefit derived from an em- ployer's contribution to a public plan was a taxable benefit, and must be reported with your other income from employment. Tne employer's contributions to private health services plans, such as the Blue Cross are still exenpt. O. Do I still have to get re- censes? A. Yes, The only stipulation L hat the denturist mxist be lie cnsed. Q. I have an income main tenance insurance plan and am presently receiving a disabilit from it and the bens [its received are exempt fro: :ax. Will this continue unde the new tax law? A. Yes. If the plan was es teblished before June 19, fits received of in [ury or s ickness occuring be- fore 1G74 will be exempt from tax. Q. I gave to the United Appeal. Can I claim this as a tax deduction in addition to the standard deduction of A. No. You are entitled to claim either the standard de- duction of or your chari- table donations and medical ex- penses, but not both in the same year. 70.50 2100 A.i3 Stam Int'l P.cs 3.07 .17 .it Toronto mines., industrials (Supplied By RichaTrtson Securities of Canada) LAST B7D OR SALE Cutfjs r.m, (ITiCO Qvoltsl Acme Advocate AsS. Akalicho BrUfrSV.'ic'rC Can. N'.'rV. Land Canada iung. Cenfral Pat, Chi mo Cm west T.S.I 7.10 3. w ,T> Osisko Pm" Pofrt Plticer Dev. P.C, Exp Ouchec Rio Algom Shisrrilt Garden 5leap Rock Tele Corp. Upper Canada V.'esfem A'Jnes V.'right MargrSe .13 Cable 31.lir.1j Clendnle Grt Cdn Oil 3.11 Gen Alters .1! Grl Lakes Pn 3.17 Gulf OH Cria .35 Greyficund Sid 9.75 Hur 17.00 Hiram 1.73 Irr.c, Oil '.27 Inl Mkkcl ?.7a Grp A In! U1II 18.25 12. 1 2V C.iO Hog prices EDMONTON Uce ins B Frohex First Marlli Giant Y.K, Bovis Griir.duc Kcllinger Kydicn Hay M-S Ex. Iron 7.15 il Trac Te) i Ncrtfi Cent "JSVi Po-wcr Corp 71.00 Price Co Burns 19.75 ___ B.C. ShoM CDA B.C. iinipscn's Bow Val Ir.d Simp Sears CAE Irrf Sfeel cf Cda Cln Brew 5.25 Selkirk A Ctwmccll Tcxoco Col Cell 3.55 Traders Grp A Cifgary 27.75 Trans Win Pp Cwcn Crcdir T.75 Trans Cda Pp C.W.PI. Gas Pfd 11.13'A Union Gas Cdn Ind 17.00 Union Oil Cdn rf.70 Versatile Cdn Vickcrs Wesleel Chrysler W.OO Union Carb C.P.R. D V.'oodward's A Cor.s Bafh Gel Disl Seagrams Doni Bridge Dcrn Textile Dom Stores fjords Pete 3 LCD 3-J.75 9.00 1S.25 41.75 S5.15 17.75 9.CO 12.50 5.M J3.25 31.55 51. C 3 73.00 II. 3? 12.CO 1-I.37W 1V.50 53.W 3X50 16.CO 7. DO 3025 17.75 SI. SO S.t7Vt 2.1Q BANKS Ctfrv Imp Mon1rca1 Nova Royal Tor-Darn 34.75 32.1714 Ask for this free booklet. Flcg tonal OKice: 161 Porta ge Avo., Winnipeg, Man. R3 B OY4 kouVfinrana Bttuetn SiSiJiKn i uthbridse GrsWo New YorJc stocks i S applied By Hie bard so a of Canada) Amr T and T Bp11 Steel C f-. ry; r GtrS'tMtn Ojif int Kenn ccpper V.'ard Scars X-Ron Texas Gull 53.75 i3.M CO Wcks We if Efvfrlc ?S.S7Vi U.5- Sfocl 35.00 Gon ETec 23.25 1J.M Golds off S.ll M.SO 10 Bale Men up .13 nm 15 Welt Oils 35131 up .80 37.05 Volume 1.1M.OOO YORK AVEBAOBS 37.371'! Ind J7J.03 up ?.33 20 Rails 1M.71 oil .41 .11 Util 110.7J up .f> TORONTO AVERAGES 65 Stocks 303.54 up 20 Ind 253-71 YD .74 Volume tijnmi ManattheTop This local arcaman lias earned our special recognition by adding over onemillion dollars of new business for Investors during 1972. A highly successful professional, lie is an expertin offering a complete personal financial service to his many clients, developing sound investment programs lo achieve indivi- dual objectives. Our congratu- lations go out lo this gentleman for a truly noteworthy accomplishment. Investors Syndicate is the leader in its field, distributing shares of seven fundSj guaranteed savings certificates, tax-saving plans, pension trusts, estate planning, insurance and annuities. SYNDICATE LIMITED J. A. Gogo Division Manager ;