Lethbridge Herald, The (Newspaper) - March 18, 1972, Lethbridge, Alberta
Weaker trend evident Low natural must stay says business CALGAEY (CP) An Al- berla energy resources conser- vation board hearing into the field price of riaUiral gas ad- journed Friday to Jfme 13 fol- lowing testimony from several western industrial users who opposed any significant crease. Industry associations, pro- ducers, pipeline ami utility companies also were represent- ed at the fourth day of tlic sec- ond session. The hearings, called by the provincial government, opened Feb. 24 and went six days be- fore resuming last Monday. Several Alberta based in- dustries warned Friday that an Dividends Ily THE CANADIAN PRESS Alberta Gas Trunk Line Co. Ltd., class A common cents; 4aA per cent pfd. series C 5% per cent pfd. series D cents, all May 15, record May 1. Simpson's Ltd., cents June 15, record May 15. Slater Slccl Industries Ud., common 15 cents; 512 per cent first pfd. SI.10 series cents; six per cent pfd. series 31) cents, all May 1, record March 31. Moriarity Henderson Lee Assoc. Ltd. Appointment MR. A. W. LEE Mr, M. T. Moriarily, Presi- dent of Moriarity Henderson and Assoc. ttd. wishes to announce The appointment of Mr. A. W. tee as Secretary- Treasurer of the firm. The firm rias expanded Its operations in trm telhbridge area to include complete ar- chitectural, structural, muni- cipal, mechanical and electri- cal services. Mr. tec also noted thol the firm through its head office in Calgary pro- complete project man- agement services. increase in gas prices could seriously affect the economics of their operations. A Canadian Industries Ltd. spokesman said the chemical industry in NorUi America is in a fiercely competitive situation and natural gas at reasonable prices is essential to survival of the industry in Alberta. H. M. Martin of Celanese Canada Ltd. said his firm lias closed pro duction facilities, stopped buying propane and cut natural gas purchases be- cause of international competi- tive pressures. The best possible price should be obtained for Alberta gas by producers, he said, but a lower price should be avail- able to Alberta users. Mr. Martin, told the hearing low fuel prices are a major competitive advantage in at- tracting industry and tills ad- vantage should not be exporl- ed. A low Alberta price need not be subsidized by producers. Western Co operative Fer- lilizers Lid. suggested pro- vincial government set up a sales corporation to buy gas "and countervail unequal bar- gaining power between produc- ers and buyers of gas." The agency would buy gas and resell it at a fair market value to companies exporting it out of the province, he ssid A. L. Boykiw, spokesman for the company, said he could not offer a legal opinion but the concept appeared within the terms of recent gas export per- mits. IJy P15TEK Canadian Press .Staff Writer A lull in tbe recent flow of Im- proved company reports for 1971 and the absence of nny major encouraging economic news combined !o force prices on most Canadian sljtx'k mar- kels lower in slow trading this week. Analysts said Canadian mar- kets "sliU were in a corrective phase1' but added there was no economic news which would in- dicate a long-term decline. As with last week's decline, the downward trend took few investors by surprise. Most investors were content to re- main out of the market for most of Uie week, although many re- turned Friday during a hectic session of bargain-bnyirg. Tbe Toronto slock market's industrial index, a indica- tor of market movement, lost .70 points during the week, clos- ing Friday at 2C0.99. Friday the index recorded its best advance of the week, 1.37 points. At New York, prices crept fractionally higher for the third consecutive week in moderate trading. On the Montreal and Cana- dian exchanges, the composite index fell .26 points, closing Fri- day at 204.31. Combined volume on the two markets was 5.JH million shares, compared with 6.38 mil- lion last week. Trading ot (he Toronto was index (el! 1.68 points during the slow throughout most of the dosing nt week with only 12.0i million At Now York, lire Dow Jones shares changing bands, down from 1-1.09 million the previous week. (.'old issues among the biggest losers, reflecting a mar- ket reduction in trading and prices for gold on international bullion markets. A FOUR-CHANNEL MATRIX- ---------------------Solu.doy, March 18, 1973 THE UTH8RIDGE HERALD 23 Canadian EccliUd aids Syiicrudc on oil sands V' industrial average of key I bluc-cliip issues rose 3.01 points to 1112.S8. Total volume during the five sessions was 91 .'JO mil-S lion sti.ires, down from 10S.08 million last week. Western oil issues rccovdcd lire best WITH TVJOAMPLIFIERS ANO I RDUfl SPEAKERS IT PROVIDES THE NEW QUADRAPHONIC j 'ALL AROUND'SOUND... advance during the (he Toiionto market's The Toronto market's gold week wilh (he Toronto market's western ci! index gaining .7-1 points to 224.21. i One analyst said many invcs- i tors are beginning to take "so- i lected positions" in llus sector of the market, waiting for news Net earnings By THE CANADIAN' PRESS Groceterias Co. Ltd., 40 weeks ended Jan. 8: 1972, 1971, Tamblyn, 4 weeks ended Jan. 8: 1972, a share; 1971, Great West Life Assurance Co., year ended Dec. 31: 1971, million, a share: 1970, million, Bond prices Supplied by Doherty Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS Sept. 1, '72 100.05 51i% Oct. 1, '75 98.03 98.53 8 July 1, '78 107.00 107.60 Sept. 1, '63 82.25 82.75 Perp. 3 T. Sep. 15 W.OO 42.00 j B'.i'.i Apr. 1, '75101.00101.50 VVjVo July 1, '75 103.00 104.00 Sept. 1, '92 85.00 Bfi.OO i PROVINCIAL GOVEflNV.ENT OF CANAnA GUARANTEED BONDS H. H. Smith Ltd. Customs Broker iLETHBBIOOt COUTH WANTED Engineering Technician or Junior Engineer Musf be a graduate of a Technical School or University with a minimum of 3 years experience in Municipal work. To as- sist in design ond supervise out of City projects i.e rood- worV. lewer and wotcr works. Salary open to negotiation. Home office in Calgory, Please apply in writing to STRONG LAMB NELSON LTD. 50-1 4lh St. S. F. Calgary 21, Alberta THE SIGN THAT SELLS' 0 FOR SALE If you can sell Royal Trust real estate, this could be a good sign for you. It represent the fastest-growing real estate organization in Canada. We now have 55 offices coast-to-coasl and we're slill expanding. Wo need: 3 Full-Time Sales Consultants for confidential interview contact: Jack C. Higgins at 323-5516 Royal Trust Trust Royol Trust. lite to do mare (or you. 4lh Avenue South lelhbridgs Alberta Ontario Ont Hyd New Br Nfld N. S. Quebec Alberta Man Hyd Sask Nfld ACT Man Tel 8 1-Wc 8 '90 107.00 'B8 97.00 'M in.eo 'W 109.00 '74 101.00 '92 BO.OO '74 101.00 'SO 109.00 '91 101.00 '90 103.50 '90 107.00 '74 104.00 '74 HM.OO 109.00 99.00 113.00 111.00 103.00 92.00 103.00 110.00 103.00 110.50 109.00 106.00 lOfi.OO Armed .forces lop officers given promotion OTTAWA (CP) Tbe de- fenco department today an- nounced appointments and pro- motions of three senior armed forces officers. Maj.-Gen. Donald Laubman, 50, Edmonton, has been named chief of personnel and pro- moted to lieutenant-general Rear-Admiral David Collins, 51, Edmonton, has been prom- oted to vice-admiral to become chief of technical services. Commodore Douglas Boyle, 48, of Revchtoke, B.C., has been appointed deputy chief of personnel. He will be promoted to rear-admiral. of winter exploration results by several majin- companies. Base metal issues were gener- ally unchanged during Lhe week. The only news was .in an- nouncement by Anglo Houyn Mines Lid. that it plans to ceas opcralion, probably in (he sum- KUJ.lOKl'OX syn- crude Canada Ltd. has an- nounced Canadian Uechlcl Ltd. will be managing contractor for Bond offer OTTAWA (CP) An offering of S375 million in non-callabls government bonds wiil be made Monday, Uie finance depart- ment said toady The Bank of Canada has agreed to buy at least mil- lion of the offering, which will consist of two maturities, with terms of five years and one year eight months. Proceeds from Ihe offering ill help to redeem million in government Iwmls maturing April 1, date of the new issue. Syncrmlo'.i proposed multi-mil- lion dollar project to extract oil from northeastern Alberta's Athabasca oil sands. Canadian Uechlcl will assist Synerudc in preparation of bid packages, over all economic evaluat ions and organization and management of the con- struction project. HO.VOH U TJIA.VT LOS IA1') U Thant, former UN .secretary- general, is the first recipient ri( the Haipli .1. Bundle Award, presented to "the world ciliMn who best exemplifies the spirit and ideals" of Ibe tele diplomat. 11OADS SAKE mer, and liquidate the com-j BKOCKV1LLE (Cl'l Thn city of lirockville has marked its third straight year without a traffic death. The last traffic death in this community of was March 14, 1968. pany's assets. D.irit3 the week, the Toronto market's base metal index was up .17 points, closing Friday at 9V.26, a high since May 6, 1971. Thomson paper earnings up TORONTO (CP) Thomson Newspapers Ltd. reports net earnings from operations of million for 1971, up from million during 1970. Earnings attributable to com- mon shareholders were a share for 1971 and 89 cents tho previous year. During 1970, tho company had in ex- traordinary from profit on investments-- which raised per-share earnings to 93 cents. Net sales during 1971 were million compared with million the previous year. EMPLOYMENT OPPORTUNITIES FLYING INSTRUCTOR Must have hours flying lime of which 500 are on multi-engine planes. Class 1 instrument rating and Class 2 Instructor rating. Basic salary plus per hour MEDICAl RECORDS CLERK REGISTERED NURSE For operating room in local hoipital. (Also a vacancy In rural area hospital within commuting distance 1or R.N, WORKERS REQUIRED FOR LOCAL MOBILE HOME MANUFACTURING PLANTS. Mobile home manufarturing plann. SEVERAL OPPORTUNITIES FOR JOURNEYMAN WELDERS. GROUNDSKEEPER TRAINEES FOR LOCAL GOLF CLUB. FOR COMPLETE DETAILS ON THESE AND OTHER VACANCIES CONTACT CANADA MANPOWER CENTRE Federal Building Icthbridgo THE LETHBRIDGE COMMUNITY COLLEGE Invites applications for the following position: EXECUTIVE SECRETARY For Senior Administration A simulating position of major responsibility In tht executive offices. DUTIES; Provide confidential stenographic ond sec- retarial services, mainloin daily executive schedules, arrange meetings, organize agendas and provide olher executive duties as required. QUALIFICATIONS: Senior secretory with ability 1o work independently, quickly and efficiently. Pleasing per- sonalily and ability to work harmoniously with people. Shorthand required. Speed and accuracy in typing essential. SAIARY: Commensurate with training ond experience APPLICATION DEADLINE: March 25, 1972. For further information and standard application form contact thet DIRECTOR OF PERSONNEL LFTHBRIDGE COMMUNITY COLLEGE IETHBRIDGE, ALBERTA PHONE 216 .CrOSSWOrd By William Lutwintak SOME DAFFY DEFINITIONS! ACROSS 1 Neighbor of 46 Monarchic, JNDUSTRIALI Alta G T Alcan B.C. For B.C. Tel S'.aVo Bell Tel 9'4% Bell Tel OPR Ki% CP Sec Kk% Cdn Util CWNG 931% Gulf Oil Inter P P 9M Massey Noranda Int Nickel N and C G St of Cdn 9Vi% Tr Cdn P Tr Cdn P 10% '90 1C6.00 '91 107.00 '92 105.00 '90 108.50 '79 107.00 '93 109.00 '89 J05.50 '80 103.50 '91 107.00 '90 107.00 '90 105.00 '90 107.00 '60 106.00 '90 107.00 '90 '91 108.00 '90 107.00 'SO 108.00 '90 110.00 107.00 109.00 108.50 109.00 111.00 106.50 105.50 109.00 109.00 107.00 109.00 109.00 109.00 103.00 109.00 110.00 112.CO 7 Afiiran language 12 Farm anirnat 1 7 Compact 21 Got up 22 txceedingly 23 la Kind of test 25 Sania'l J8 Eroded 19 Draft HO 30 S'.varnp a; City on the SaaK 32 Unbent 34 Evtpiitt 35 Kettlft handlpi .ISHDanlilt 37 Bomber weapon: init. 40 Vehver gran 41 So. Amftr. 42 MRm TV c ol 48 Suspicion 50 51 Sllblimul 52 53 Salt Williami hero 55 Family member! 56 Weather word 57 Liflht unitt 59-----Blartca 60 61 Felinei 62 Literary vvoihi 63 Bench adjunct! 64 High 65 68 Variti 69 71 Risk 72---'I i 73-----OWA: unaided 74 Crazy 77 Weather word 80 W.nd instrumtnll 81 Grades 82 Street sound 83 Urge on S4 86 Broad; comb. numeral 89 leavn 80 Dliercumbei 9t Abviset 92 Esprit tfe corps 93 SEtllrd 94 98 rlirjhlanri hriosnd 99 Art.Invpr 101 Ber.1 the odds 102 F.enth composer 103 Scheldt tributary 104 Very exte sive CONVERTIBLES Alta G T 7V2% '90 138.50 138.50 Cons Gas '89 97.00 99.00 Scur Rain '88 91.00 93.00 Tr Cdn P 5 '89 107.00 109.00 WC Tr C S'.jr. '88 103.00 10S.OO WC Tr 7H% '91 IM.OO 138.001 Dynasty 7 '82 96.00 100.00 Acklands '83 90.CO 93.00 DOWN IN EDMONTON Stay Af the RIVIERA THE HOUt WITH MORE TO OFFER AND WE NOW HAVt COLORED TV For Your Convenience In Making Reservation! CALL AND ASK FOR IONG DISTANCE Zfnilh 0-7255 at no coil lo you IVIERA MOTOR HOTEL S3S9 Colgorv Trail Edmonton, Phone: (403) 434-343! 037-2510 t Newi Agtr.; 2 Extinct 3 Cerliin U.K. voter!