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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 14, 1973, Lethbridge, Alberta _ THE LETHBRIDGS HERAID W.dneidoy, Moich 14, 1973 Gold stocks dip; others advance TORONTO Hold is-1 eeiits to 70 cents and Harvey's mies continued to slip lower i Foods five cents to while prices in other major sec- j Rapid Data gained 1 lo tors of the Toronto stork mar- i Bow Valley 3'i to Cana- ket moved higher in active mid-I dian Tire A lo W-i, Great morning trading today. Plains 'i lo and Slater, The industrial iatlex, consid- Walker >j to a major indicator of mar- i Bank o Nova Scotia lost o l-pi riirrrtinn climl-d 37 Walker-Gooderham %2 lo. n Ch.left.ln H to am and I to 102.95 and western oils .93 lo f alconbndge to SIS-.. 254.78. Golds were down 1.50 to i 219.9S. MONTREAL (CPi Al sec- Iprs except banks advanced in pipeline, oil refining and steel' light trading on the Montreal issues were strong while bank-; stock market today, ing. chemical, food processing' Industrials gained 51 to and real esUdu slocks tumed paper's .54 to the lower. composite .35 to 231.46 and ulili- Tradiug in the shares of Hal- i ties .24 to 159.86 while banks vey's Foods Ltd. and Capital dropped .78 to 266.99. Diversified was hailed for the! On tiie Montreal Stock Ex- first hall-hour of trading, liar- change, Falconbridge Nickel vey's announced it lias to purchase the assets of Capi tal Diversified's Red Barn oper-1 '-'me 1 to 59 and Gneral Trust 1 ation. When trading resumed J27', _ On the Canadian {Stock Ex- change. Ambassador Develop- Opposition attacks gov't farm development fund By GIIEG MelNTYRE llernlil Legislature Bureuu EDMONTON Agriculture Minister Hugh Horner weather- ci'cd criticism of the govern- ment's highly touted mil- lion ngricuHurn! development fund Tuesday by saying I ii e fund is not intended lo meet Ell tho problems of farm (i- tlie legislature that many farm- ers liiive been disqualified from money from the fund and oth- ers have experienced delays in Production cost of silage set at per agreed i gamed Rapid Data f Capi- Systems Ut to Dominion New bank opens Unity Bonk, Canada's newest chartered bank opened its first branch to the public Monday in Toronto. At desk ii Susan Elliot of accounts department with new customer Howard Roanlree opening account with Sandra Brown while John taussik looks on. The bank plans 1o open another Toronto branch in mid-April.___________________ Capital Diversified was up five! Discount store opens Thursday ments was unchanged at on shares. Little threat to marine seen in oil tanker spills WASHINGTON (CPI A i threat to the NEW YORK (AP) The stock market struggled toward a narrow advance for the sec- ond straight session today. The noon Dow Jones average British oil industry executive ment. j of 30 industrial stocks was today that oil spills from I .1. Warilley 1 977.65, up 1.58 after a 6.32 climb Tuesday. Gains outstripped losses 602-to-507 as trading opens its first store in Lcth-: sleppcd up a bit on the New bridge Thursday at 326 6th St. j York Stock Exchange. S- A m o n g Canadian issues. The store carries patent mcdi- Dome Mines was down at cine3, cosmetics and beauty Distillers Seagrams was Bv DAVID NICHOLSON ocean-going tankers pose little' national Tankers Owners PolHi marine environ-1 tion Federation Ltd. of Londor lold a conference on the pro Little John Discount Lid. aids, hardware, housewares, to- bacco, cameras and film, small lower at 544, Granby Mining down V'i at S35'2 and Inter- national Nickel down electrical appliances, small gift items, stationery and a host other products for the whole; The New York Slock Ex- family- i change's broad-based index of "We buy direct from Uie i some 1.400 common slocks was manufacturer so are able to j ahead 0.14 to 61.45. pass on larger savings to con- said Gary Lovell, di- vision manager for Little John. Discount prices are maintain- ed the year around, he said, and each month Little John lists about laO items which have Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Donerty. SlcCuaig limited) Smith of the Inter- vention and control of oil spill that the press has grossly exag I geraled the problem of oil pollu Livestock Calgary livestock to SO per cent slashed off the m amif a cture ns1 suggested fist prices. The same prices are offered In all Little John stores at the same time. The Lethbridge store is the nth in the chain which started fci Vancouver five years ago. There now are 15 stores in B.C. and two in Alberta. The other Alberta store is at Cam rose. Little John plans to open 15 new stores this year, said Mr. Lovell. Another store will likely be opened in Lethbridge, he said. Little John "is 100 per cent Canadian owned and he said. The first Lettibrulge store will have a staff of five or six under manager Mrs. Patricia Hermg- er. It will be open 9 a.m. to p.m. Monday to Saturday sod open until 9 p.m. Thurs- day and Friday, said Mr. Lov- ell. The new store has about 200 square feet of selling area, Baskets and carts will be pro- vided: customers of the self- service store. CALGARY rCP) Receipts [I a.m. today from the Cal- jjary public stockyards shows sales of cattle, mostly steers in the ..slaughter class. All slaughter kinds sold fully steady with heifers barely 25 cents higher. Steers Al and 2 41.50 to 42.50 with sales lo 42.60, A3 40.50 tO 43.50. Heifers Al and 2 40.50 to 41.60 with sales to 41.70, A3 S9.25 to -10.50. Cows DI and 2 33.25 to 34.25, D3 32 to 33.25, D4 29.50 to 32. Good bulls 39 to' 40.60. Replacement cattle were in short supply. Good feeder heif- ers more than 700 pounds 38 to 41.50. Good feeder steers, more than 750 pounds 40 to 44. Good feeder steers over 750 pounds 40 to 44. Good feeder cows 31 to 44. Hogs fob Calgary to It a.m. average base price 49.15. (H :0fl a.m. Ouoffii) WESTERN OILS AND MINES ,lta East Brencia Mines Can Soi'fh Cdn Ex Gas Crin Ir.fl Gas Oil Cdn Super Charter Chi e1 tan Qorr.e Pets Dynasty LAST BID OH SALE a.m. Cygnus A Cyon us B Falcon f and M Trust Gensrar Heine A B Hud Bay Co Hud Bay Oil Hud Day A Pfd Hurm Russell 011 7.75 7.75 13 75 27.CO 49.00 to. co Gr w Veot "nS5t F ffos F U.S. it Pacific in Shares Equity Husky Oil B Pfd Hwky D Husky E War 3.W Prov Pipe 10.75 Gr l.TJVi invest 7JO Ft Rel Giant Mascol Gramste Gt Plains G1 Cdn Oil 5 Lochiel Lyflorv Win Noble Mines Norlh Cdn Oil Numac Panedn Pete Pan Ocean Pefrol Place Gas Res Sfeet Mutual Nat Res N W Cdn Ac jO.35 14.0U "J.75 8.07 3-87 (.J? 7.CS 5.49 6.03 12.JJ 13.4 J.99 i.-i; J.JO 6.S3 8.91 17.P5 1J.05 5.W 6.37 7.00 J-07 4.JI 8.20 S.9S S.77 6.M 5.10 560 7.11 7.4Q 9.51 10.43 S.SB fi.13 3.20 9.12 A. 79 7.56 B.28 iRY .76 SCI Selben! Sptxmer Total Pole 75 Ulster i.o West Pete 83 MfS'ceLLANEOUS WDUSTRIES Acres Ltd U.Cf hay and grain, but each year m in ere nsing proportion is (ored in the form of silage. The crops commonly used for in the area are barley, oats, and corn. Small grains from eight to 12 tons of rcshly cut silage or about Grain prices Winnipeg grain WINNIPEG (CP) Rape- setd and flaxseed continued to be down the 10 cent daily limit at mid-session of the Winnipeg cm m od ity Exchange today. trade was very light while rapeseed had a little more (rude on a spread basis. Good exporter buying in 176 sent prices three to [ive cents higher in good volume, Oats pud barley were both about one cent lower. Volume of trade Tuesday in- cluded bushels nf flax, bushels of rye and gctting assistance. Opposilmu clweetl in ASSIGNED Dr. Horner replied that extra staff has been assigned to pro- CL-SS ampliations. He added that many farmers were d isqu al if ied who should, have applied to the federal-pro- vinciat small farm development t plan or to the regular lending institutions. i He said delays have resulted i in the federal assistance pro- tiram because Farm credit cor- i r.oraticn officials have refused io assess farm property for as- sistance purposes during -the tons of dry m fitter per acre. On, vvinler. the other hand, yields of Ifi to 20 OI ('jie ncw provincial fund, tons of freshly cut silage or (i'.-j j saifj "i'd iike to stress that tons of dry mailer per acre are. Agricultural Development readily attainable with corn. Corporation has a limited The digestible energy content amount of money to loan each of a pound of dry silage of bar-1 year and one of the jobs of our ley or oals is 1.15 megacalorics i staff is to direct farmers to the whereas that of corn is 1.35 i various financial megacalories. In other the availability of credit io an acre of barley or oals pro- thorn rather than to try to duces megacalories of di- satisfy the tremendous credit pestible energy but an acre of needs in agriculture." corn produces megacal-j nUjs said on numerous oc- acre oi'ies. <..asjoBs that the provincial The total cost of producing government is prepared to have silage, including fixed costs and j department of agriculture offi- out-of-pocket expenses, is about' cirtls sit down with any farmer per acre for oats or barley to try to work out his financial and per acre for corn.! problems. Thus, it costs 93 cents to raise SCREEN APPLICANTS 100 megacalories of digestible i' energy when barley or oals are ur nol'ner used and only 57 cents corn is used for silage. The advisory of 100 megacalories of diges-! -1 tible energy1 from an SO-bushel crop of uarlsv grain is ?1.26. Most of the irrigated area expected to deal with up uircmgnmit Alberta to nice, but that the boards can Southern Alberta is suitable for all the applications that go lo silage corn production. Within j various assistance pro- Doug Miller iel'f sa'd many farmers in his age i constituency have been disqual- le-ss ified because they dp not qual- ify under the provincial fund this area, silage corn not only yields more digestible energy per acre oaf or barley sil- energy at considerably cost. of rapeseed. Mid-session prices: Flax: May 10 July 10 lower 4.78; Oct. 10 low- er Nov. 10 lower 4.4ett. Rapeseed Vancouver: March 10 lower June 10 lower evel of oil pollution is not con- Sep._ 10 lower 3.74; Nov. iderably increased, "there is 10 lower 3.34. itle danger to the marine envi- onment, although localized ef- ecls will be produced. (ESEARCH DIFFERS Smith's speech differed harply from a recent United states government report which id hree ound amount of Atlantic. survey carried out by research vessels had a surprisingly high oil pollution in the Rapeseed Thunder Bay: May 10 lower July 10 lower 332Vi; Oct. 10 lower 3.41; Nov. 10 lower 3. 28 Oats: May H4 lower July 1% lower Oct. lower 1.07-ls; Dec. 1.08'A. Barley: May lower 1.46; If the energy potential of corn definition of a farmer, silaee is to be fully realized, it j Mr. Miller explained later will be necessary lo feed a high-: that according lo the fund, er level of protein supplemen-1 farmers were defind as sorne- talion lhan is fed with oat or one who earns the majority of barley or barley grain.: his income from agriculture. i Blost'of this can be provided by I Mr. Miller said many farm- adding urea to the corn when j crs must supplement their in- ensiling, come with outside earnings and "struggle in the hope that next year will be the last that they will need extra employment." Mr. Miller suggested a farm- er should be defined as some- WINN1PTSG (CPJ Gold fu- j one who spends the majority lures, U.S. funds, Winnipeg; of his time at agriculture, commodity exchange close! Dr. Horner said he's welcome Tnosi'jiy. I any definition of a farmer that Apr 73 81.00A; ,lly 73 suit all requirements. He 82.65A; Oct 73 84.CKJA: Jan said provincial and federal of- 74 85.00A: Apr 74 Bii tUA.. ficials have Iried for a long Monday's volume: Four con-'fime lo find a satisfactory def- tracts. inition. lower (iold fulurcs July higlTe'r 1.48'A; Oct, 1 j lower 1.47'A; Dec. tt lower 1.49. Rye: May Vis higher her T Smith referred to several j July 5Vi higher 1.38; Oct. We j Of tit llTBt.1 higher Dec. 31i higher 1.37. Grain quotes (Ugh Low Close flax May Jly Oct Nov 5061i 488 -tSBVi R'apeseed Vancouver Mar Jim Sep Nov 365 364 Rapeseed Thunder Bay May 3783'v 334Vi 38-1 364 .anker accidents during the last ive years, including the grounding of the tanker Arrow n Chedebucto Bay, N.S., in 1970, which had made "great .mpact on both local and world opinion." He said adoption of more strin- gent regulations by tanker op- erator had held down the level of chronic pollution. He also rejected suggestions :hat the use of increasingly large oil tankers in the near fu- lure would increase the risk of pollution. In another speech prepared 'or the first day of the three- day conference, an official of the U.S. government's environ- in e n t a 1 prelection agency (EPA) accused some com- panies responsible for pollution of taking a passive attitude to- ward spills. Henry Van Cleave said these companies adopt a "wait-and- see" approach alter a spill oc- curs atul the result was that not enough oil is cleaned up imme- diately afier the incident. Van Cleave, chief of the EPA's oil branch, said more than 80 per cent of all spilled oil remains in the environment for Dec 13IUi 1331? an indefinite period after j cleanup. lag in an effective cleanup technology must be compensated for through better planning, faster response and more effective counter-meas- ures if we are to minimize the harmful affects of oil spills on the he said. (basis rapeseed crushing plants Jly Oct Nov Oals May Jly Oct Dec Bailev May 119ia 114 lOBVi 1IB m 108 Oct Dec [lye May Oct 148 Vs I4K 362% 3H1 SSflli 106 JOB'.z WT-'r 148 '.J EDMONTON (CP) The The town of High Prairie, 60 Peace country of northern Al- j miles lo the east, also had been berta nan support two rape- j attempting to Rain such a plant seed crushing plants, says Ag-1 and had bought land for that ncuKure Minister Hugh Horn- j purpose, er. i Dr. Homer- said the Sexsmith He had been asked in the leg- announcement has no bearing islature by Art Dixon (SC-Cal- gary Mullican) whether the on whether a plant will he built at High Prairie. province will support the estab-j "We're a free enterprise lishment of a second rapeseetl i he said, adding that crushing plant in the Peace a company composed mainly country. of Edmonton and'Grande Prai- The legislature was told last j nc businessmen had plans for week a rapes e e d the Sexsmith plant "ready to crushing plant will he construct-. ed at Sexsmith, about 12 miles j He said the Sexsmith group north of Grande Prairie. Dollar value MONTREAL (CP) U.S. j dollar in terms of Canadian j funds al noon today was down at SO.M 29-50. Pound ster- ling down 29-50 at 43-100. In had not requested any special government assistance in tnblishing the plant. TieeJ futures WINNIPEG (CP) Live Jjccf futures close Tuesday. Mar 41.70A; 43.55R; New York, the Canadian Jly 43.20B; Sep 41.55B; dollar was up al SI.00 21-50. j Nov 39.50. Pound sterling down -13-100 at' ?Tonday1s volume: Ko ron- S2.-JO Slrtcts. YORK AVERAGES W fndust 977.65 up KM :o RaiK ur, .n _ is no.fi up __ TORONTO AVERAGE! 6J SlKks up Ward VI Ir-dust up .M Hog sale EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Aloerta Hog Producers Marketing Board. Edmonton: 49.05, average Tuesday 49.14. Red Deer: 4910, average Tuesday 49.21. Calgary: average Tuesday 43.19. Lethbridge: Nil, average Tuesday 49.21. Fort Maclcad: Ni 1, Aver- age Tuesday 19.15. Total hogs soW lo II a.m. 1.52-1. loial sold Tuesday average 49.18. Sows average SERVICE MANAGEMENT OPPORTUNITY NEED New Challenge? Have you proven your managerial ability? We challenge you lo build c medium volume service department inlo a high volume de- portment and enjoy Ibe success ihrough an excellent Monagemertl Profit Sharing Plan, Our man must be an aggressive merchandiser experienced' in al! phoses of passenger and truck servicmg, We aie a young, expanding organization En Southern Alberta enjoying foci lilies from which we will deliver over 1500 new and used vehicles in 1973. If you are seeking advancement increasing earnings, and wish io TAKE then we will offer you the chance to earn 000.00 plus annually, a dsmonslalor, and paid insurance and hospHal- ization. Can YOU meet Ihe CHALI6NGE? Send a complete resume to: v Box 53, Lethbridge Herald The President ;