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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 16, 1972, Lethbridge, Alberta ------........----------TViundcy, March 16, 1971 .THE IE1HBR1DGE HERAID-2J, Industrial stocks up; others drop TORONTO (CP) Industrial issues on the Toronto stock market edged fractionally higher while prices in most oilier sectors dropped lower in moderate mid-morning trading today. The gold index was down 1.00 to 173.93, base metals .24 to 86.84 and western oils 1.74 to 222.59. Industrials were up .01 to 199.72. Volume by 11 a.m. was shares, down from at the same lime Wednesday. Advances outnumbered de- clines US lo 88 with 208 issues unchanged. Anglo -Rouyn Mines Ltd. dropped 18 cents to 25 cents on a volume of shares. The company has informed share- holders it plans to cease opera- tion and liquidate its ascts. Beverage, merchandising, food processing, oil refining and communication stocks suffered large declines as nine ot the industrial index's 17 sub-groups moved lower. Banking, in- dustrial mining, steel, pipeline Seven-day week urged at elevators MONTREAL CCP) F. S. Burbidge, senior executive offi- cer of CP Rail, said here Can- ada's grain industry will be able to meet ail-time high ex- port delivery levels planned for 1972 only if country and port elevators work seven days a week. Elevators now are geared to work an overage 5.5 z to Placer }fc to CHUM to Aqul- taine rs to and Ultramar to Wajax gained 1 to Ca- nadian Arena 1 to Du pont to 25 and Shell Canada V2 to PRICKS SAG NEW YORK (AP Stock market prices sagged today in moderate trading as profit'tak- ing eroded recent gains. The Dow Jones average ot 30 industrials at noon was down 3.03 to 934.23. Declines led advances on the New York Stock Exchange by 5 to. 3. Analysts said the market's two-day rally had oppare ntly run out of steam after an up- swing Tuesday and Wednesday. Among Canadians, Walker (jooderham declined to and Genstar Ltd. was up VA to On the American Stock -Ex- change, Canadian Marconi at and Scury Rainbow Oil at both advanced Dome G1 Plains Gt Cdn Oil Lochfel HoJ-lh Cdn OH Nutnac Pancdn Pefs Pen Ocean Pclrcl Plnnocfe Ranger Scurry Seibens Cdn Brew ft Cdn Brew B Ctfn Pacific Irw Ind Cygnus ft Cyflims B Falcon Copper 33.25 6-10 1.54 17.03 13.l2Va 16.50 l.CO 10.55 6.75 Sand well Teledyne We sr Ccln Seed While Yukon V.'cslfield CALGARY Acroll Barons Oil Madison Norfh Con I West Warn-r .v> PIPE LINE STOCKS Alia Gas A Alia Gas Pit! Alfa Nut Gas Inland Wai Gas N and C Gas N and C Gas PFd P Gas Trans Go i Gaz Melro A Trar.% Crfa Pipe Cda B 6.CO Mu1 Gr Fd 6.-13 15.00 Hal RCIOUJ-CCS 7.43 8.12 NW Finance 5.CO 5.49 3.SS NW Gro.vfh 4.20 6.BI 375 Prin GrcAvJN 5.31 RoyluntJ 664 Temp Gr 47 739 Un 6.0) Un Savings 8.04 B.E5 Vanguard 11.62 32.73 >3.00 Comm Venture 7 J1 6.04 Univcs! 5.90 VANCOUVER .56 MINES .05 Anuk Arti j pec-It; a surge of oil and gas exploration in (he North Sea to reveal a bonanza in hidden re- serves lying at the doorstep of the lucrative European in- dustrial market. A number of Canadian-based ccmpanios w i t li subsidiaries here arc among those included .C? AiJa: .45 Bafli Morse rL-nda D r y coi Dartkce Vardfli li fences Ins u ed by i he govern inent. The successful firms are expected lo sink more lhan 220 welly in British waters during the next six years. Sir John Eden, ministry of in- dustry, 75 million tons of 75 per cent of Brit- ain's current annual consump- Forum favors increase in resources royalties Reliance Giant Mascor Granislp Cda A war Dividends By THE CANADIAN PRESS Canadian Pacific Investments Ltd., per cent pfd, cents May 1, record April 10. Pcmbina Pipe Lines Ucl., per cent second pfd. scries A 45 cents April 1, record March 17. MclrojHiiilau Stores of Can- ada Met., per cent pfd. 1961 series 65 cents May 1, record March 31. ilank of Nova Scotin, com- mon, 2-1 cen'is, payable May 1, record March 30. Hudson's Hay ordinary 26 cents, April 17, record Alareh 17. Livestock Lethbridge Livestock N'OT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) Receipts at the Calgary Livestock mar- ket lo U a.m., about 075 head: mostly mixed grades arrl classes of slaughter cattle. Trade was strong and active. Slaughter steers and heifers were fully ateatiy to strong; cows were uneven with prices generally 50 cents lower'; bulls were steady, Choice slaughter steers 35 to 35.GO, good lo 35, medium 32.50 lo 33.75. Choice heifers 33 to 33.60, good 31.75 to 33, me- dium 29 to 31.50. Good COWS 25.50 to 26.50, medium 24.25 to 25.50, canners and cutter 21 lo 24.25. Good hulls 2fi lo 28. Replacement cattle w ere in short supply with most nf the offering steers of between BOO and l.MO pounds. A few stock calves met a ready demand at steady prices. Good feeder steers less than 800 pounds 33 to 40.10, more than ROD pounds 3t to 3G.20. Good fccdei' heifers 31 to 32.10. Good slock and feeder row; 2t lo 25 with the odd sale higher. Gnotl stock steer calves iff to 41.75. Good stock heifer calves 34 to 37.50. Hogs base price Here are the ANSWERS for your NEWS QUIZ PART 1; 1-7ruo; 2-a; 3-True; 4-a; 5-False PART II: l.d; 2-b; 3-e; 4-a; 5-c PART III: 1-d; 2-e; 3-a; 4-c; 5-b SYMBOL QUIZ: Senator Edmund Muskie of Maine Tra Trans Trans Vvls ID. MUTUAL FUNDS 29.00 1300 70.CO Z937i''j LyUon ESW Silver sUndard 9.15 H9 TYcjan J3.MV3 Gt Pacific 5.50 All Cdn Com All Cdn Divi 33.50 All Cdn Venh 27.00 Amer Gr Fd 20.00 AGF Special 6.1 Cdn Inv FcJ 6.JO Coll Mutual 13.35 Comm Infer 15.12VJ Comm Lever 3575 Corp Invest S.ll INDUSTRIALS Block 3.60 21.00 I6.CO 6.37V: 34 EDMONTON (CP) Al- charged as much royalty on oil as Venezuela decs, the province could be tax-free, an Alberta labor leader said Wed- nesday. i Neil Reimer, national direc- tor of the Oil, Chemical and Atomic W o r kers International Union, said the South Ameri- can country receives a barrel far crude oil and, on that basis, Alberta would have re- ceived million for oil alone Hud Bay Co Hcd Day Oil J3.00 Hud fcay Oil Pfd 52.M Russell 27.00 Husky Oil Husky Oil B 42.75 Grey Fd U.S. Gr Equily Inv C-r Inv Muf Accuni U.7I A'r Sfarn lntl R-s 7.37 OILS 12.07 13.19 Albany Oil 6.33 Plains Pele 5.E8 6.47 Wes1 Qxplcr Toronto mines, industrials Grain prices Grain (Supplied By Richardson SecurlMc-s of Canada) LAST BID OR SALE a.m. Quotes) MINES Acnr.e J7 Advocate Asb. 170 Akaikho .43 Bra lame Brculan BeJhlehem 31.50 Brunswick 3.50 Canada Tung. 1.54 Cassiar IP. 75 Central Pat. Chlino Ccr.v.'est Rambler Coin Lake Ccchenour Craig mcnt Diekenscn Mine Denison Mines Deer Horn D'Eldonf) Dome rAines Discovery Mini East East Sullivan, Falccnbridge Frotex .75 a.m. Ouolesl Oalsko Pint Dtv. 1.C6 1.2S K95 8.90 1.1S 30-00 Placer P.C. Quebec Wan Ray reck Radlare Rio Algom Roman Ccrp, SherrlJf Gordon Sliver Mttrer TfX Corp. Upper Csnada 2.24 Wesfern Mines 3.JO Hargraaves 1.51 VJInUfall .W1 1 nife Beaf 2.35 Domlar ,'jl Dofasco if. Cable Fd cf Gt Cdn Oil Gl- Lakes Pap Gulf Oil Cda Greyhound 18.25 Hav.'kcr Sid 7.35 Huron, Erie Hiram Walk .OSl'j Impcrinl Oil 3.43 Irrwca Iftt Pipe inv Go A Int Utilities tpt 3J.75 34.75 2.9J .12 1.53 S.dO La First Giant Y.K. Bavls Granduc Headway R-L. Holllnger Hudson Bay M-S 23 2.20 4.95 8.50 INDUSTRIALS AbiMbl Alcan Algoma SJeel Atco Ind Allan Sugar Agra Ind Bell Tel BraiH Trat .C7 20.75 KeJIy Dcug A t Loeb W.efro Slores Moere Ctrp Moisons A Mai sons B Harth, Pew WINNIPEG (CP) Trading continued light to mid-session i on the Winnpeg Grain Ex- change today and prices fluo tualed on a narrow margin. Flax showed some strength M" but ether commodities remain- ed near previous close levels. Wednesday's volume of trado was buslicls of fiax, of rye and oJ rapesced, prices: Flax: May 1 higher July highe 2.7314; Oct. 1 higher 2.7SA; Nov. unchanged 2.711aA, Rapcsecd Var.c-ouver: March aj.7S 31.75 1975 13.00 S-75 it Corp .u Iso Jolfit Quebec Kcrr Addiicn Key Anacon Labrador Lake Shore Lanqii Silver R.L. G.F. Martin iVicNMly iV.era Midrim Intern Mogul K'ew West fjfiw Athona Calurnot 10.75 9.371' .13V B.C. Forest B.C. Supar Bow Valley CAE Ind Cdn Brew ChemceM Col Cellu Ca1 Power Corco CredH C.W.N. Gas Cdn Indus! Cdn MarccnT Cnd Vfckers Chrylser CPR Ccminco Cons Gas ice- Co 7.00 Rolhrnai.s Sf Lavj Corp Shell CDA SMl'.'j Sinipsw'i 66.00 Simp Sears li.25 Steel of Can 31.50 SElkirX A 21.OT Texaco Trans Mtn Pp 6 iO Trans Can Pp B.liVa Unlcn Gas 2.55 Union Oil 7.55 Versslile Mfg Ji.CO Union Car V-'eiten's B A West Cdn Ed Zenilh Elcc BANKS 1.60 375 10.75 51.75 15.00 58.371 Criei Nova Sect Royal Tc-r-Dom 25 3SOO 30.2S 19. CO J3 75 23.75 47.50 -ifi.OO 19JO 17.75 2.60 not. open; June Vs Sep. Vi Nov. unchanged 2.59A, Rapeseed Thunder higher Bay: May Va lower 2.45; July U low- er 2.44U; Oct. and Nov. no open. OaLs: May unchanged 6! July Vs lower Oct. changed 70. Barley: May unchangec July unchanged Ocf. unchajiged Rye: May lower Juiy VK. lower Oct, higher New York stocks (CP) Grain quotes Wednesday (basis Lake High Low Close Flax Mav ast year instead of only million. Speaking at a public forum ponsored by the Edmonton jabor Council, Mr. Reimer :aid thai by Increasing royal- ies on other resources such as aatural gas, the province could be Lax free. Grant Notley, Alberta NDP earler, and Danny Daniels, ipeaking for the Alberta Lib- eral Party, agreed resource roj'alties should increased. Bob forum chair- man, told t.he audience of 125 hat Premier Pefer Lougheeci and Opposition Leader Harry Strom had been invited. He said Uia premier felt il mpropcr for a Progres s i ve Consen'ative to attend ivhcn ;he subject of royalties dealt during the cur- rent legislature session. Mr. S c h i m m e 1 said Mr. Strom's office had advised the Labor Council that a Social Credit representative could not attend because an oil company was holding a reception for MLAs Wednesday night. Mr. Daniels suggested the province needs to explore fully the use of ils water and coal resources and said that any leases held by oi! companies which failed to drill should re- vert to the province instead of imaining with the firm. He said Premier is going to listen not only to the public, but also (o the oil com- panies on royalties because the "oil companies paid his elec- tion expenses." be brought inlo the country from newly-developed wells by 980. .Most natural gas supplies needed domeslically a 1 r c a d arc being brought ashore hut Britain still depends heavily on overseas imnorts of oil. However, (here are still some lingering doubts about (he quantities oi oil and gas hidden iir.der the North Sea. Among tile Canadian-based lirms receiving licences Wednesday were subsidiaries of Dome Petroleum, Canadian Homestead, Canadian Superior Oil, Bralorne Explorations Can- ada, Home Oil of Canada, Cana- dian Industrial Gas, Trans-Ca.v ada Resources, Canada North- west Oil, Canadian Pacific Oil anl Scurry Rainbow. Cauatiinn-bom Lord Thomson also got a share in the oil boom [e formed a new company, lioinson Scottish Petroleum jtd., to purchase a 20-per-cent hare in a consortium which in- lude.s a firm owned by multi- millionaire Paul Getty. American giants such as itandard Oil, Monsanto, Gulf Oil, Mobiloil, Continental Oil Co. nui Texnco aUo won licences. Of the oilfields allotted, 145 are under the waters of the r northern readies of the North I Sea, 53 are west of the Shetland and Orkney Islands off the northeastern tip of Scotland and 41 are in that part cf tte Atlan- tic lapping the southwest of England and the Irish Sea. The v.-holo region seems set to become one of [lie most active exploratioif-aVeas in the world. The new exploration licences alone represent an investment of more tlian SSOO million during the next six years. More than 400 companies have been attracted to invest in North Sea exploration since Uie first licences were awarded eight years ago. The area pro- vides a welcome alternative for large firms suffering from the political and financial instability of traditional areas such as the Middle East. Beef futures WINNIPEG (CP) Live bee: futures close Wednesday. Mar. 36.00A; July 34.20B. Tuesday's volume: 12 con. tracts. 27Hi (Supplied By Richardson Sccnritics of e1h Sleel hrysler Sid Oil Of NJ Texas Gulf 31.75 Texas Co 65.1212 Wtcki Corp 167.25 82.12Vi West Electric U.S. Steel 7-f.CO 113.75 15 V.'i Volur Ids 177.4S Cff 1.35 ;e Wet 96.99 cff W st OFfs 222.64 cff 1.67 YORK AVERAGES 47.S2VJ JO Ind 934.23 off 3.03 32.75 20 Rails 2iO 71 cff .4! TORONTO AVERAGES IS Util 115W cff 10 Inc? 199.3B off .10 65 Sfocks 323 77 off .M Hog prices Jly 274 Vi Oct 274 Nov Kapesectl Vancouver Mar Jim 260U 257Vi Sep 2fiO NOV 25934 259 Rapesced Tmmder Bay 2753i 271'i 272 271 ii 268 258 259 EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 23.65, average Wednesday 28.77. Bed nS.65, average Wednesday 28.68. Calgary: average Wednesday 28.72. Lethbridge: N average Wednesday 28.56. Lloydminsler: Nil, average Wednesday 2R.35. Grande Prairie: Nil, average Wednesday 27.EO. Total hogs sold 751, lotal hogs sold Wednesday aver- age 28.72. Sows average 20.75. SINGER A PAUPER MEMPHIS. Tenn. (AP) Singer Jerry Lee Lewis has taken a pauper's oalh in appeal- ing a court judgment against him. The judgment was awarded to a Memphis clothing firm. In his action, Lewis said that "owing to my poverty, I am not able lo bear the ex- pense of an May Jly Oct Nov Oats May Jly Oct Barley May Jly Oct Ky 247 247 245 244 lz NBvs May Jly Oct 10! 101 981k Vi 246! 2 2475s 109 103 KKV; a A READY-MADE, NO-TROWEL EXTERIOR STUCCO SI DINS 1M 4'XS" AN LAPPED EDS6S REQUIRE ONLY ASIN6LEROW OF NA1LS AT THE JOINTS... LEASE From your Franchisee) New Car Dealer Better Service Facilities Regular Warranty Inspecliorn Belter of 9 More Flexible leasing Plans Your leoie can include maintenance, licence, 'and insurance INQUIRE NOW INTO THE ADVANTAGES OF LEASING OVER BUYING Contact BORIS KORESHENKOV Beny Automotive Enterprises Ltd. 2 Avenuo and 8th Street S. Phone 327-3147 MIHALIK'S MAYFAIR FOODS CORRECTION! TfiMATftCC E U1V1H I UCa Virle "Pened- Canada NO. (b pi-g Not 23c per Ib. as advertised in Wednesday's iethbridge Herald TV TECHNICIAN EXPERIENCED IN COLOR REQUIRED FOR B.C. INTERIOR CITY Good working condilrani. Wage per week. Vehicle supplied. Contact Your CANADA MANPOWER CENTRE TOR DETAILS Avenuo ohona 3 JT'rocessincj 1003 4lh Avenua S., lethbridga 328-4426 CORRECTION IN SIMPSONS-SEARS HARDWARE AD That Appeared On Page 43 Wednesday, March 15th the item Deep Sockets SHOULD HAVE READ 1.49 EACH instead of 49c ac appeared TWO NEW SHOPPING CENTRES Now Leasing Space Delos Developers Ltd. are pleased to invite enquiries for (heir two new shopping centres from oil types of Retail Merchants. AIRDRIE SHOPPING CENTRE AIRDRIE, ALBERTA WISHING CROWSNEST SHOPPING CENTRE COLEMAN, ALBERTA For information en Excellent Trading Areas Call Delos Developers Ltd. Airdrie, Alberta Kaiser sells shares in motor firm NEW YORK (AP) Kaiser 'nduslrics Corp. sold its 5.5 mil- ion shares of American Motors Corp. Tuesday, nearly all o( hem on HID New York Stock Exchange, in the biggest Mock ever traded on the exchange in of shaves. Kaiser, which said last month .t would sell the stock, said Tuesday it took a loss of more than million in the transac- ion. Kaiser sold 5.243 million shares of AMC on Ine NYSE and shares on the Pa- cific Coast Stock Exchange, both trades executed at a share. The NYSE said the previous largest hlock in terms of shares was miliion shares of AUis- Chalmers traded Feb. 8, 1971. The money value of Kaiser's trade was about million, making it the 15th largest block in Exchange history in terms of dollar volume. Kaiser first announced it was disposing of its 21.6 per cent holdings in AMC on Feb. 25. At that time it said the sale was consistent with "its previously announced policy o( disposing of its interests in the automobile business." 30" deluxe range O Plug out elements Automatic cooking centre SEASON" DickVanByl Show" TONIGHT GOOD LOOKING CPCN TELEVISION ;