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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 20, 1972, Lethbridge, Alberta 10 THE IE1HBRIDGE HERAID Monday, March 20, 1971 Miscellaneous Vancouver, Calgary, Montreal (Supplied by Dolierly. McCimB Limited) LAST HID Oil 9 CPR subsidy: strange it is Slock prces in or TORONTO (CP) Hase1 On tlie Canadian Slock Kx- metal Lilies on the" Toronto i cliange, Canadu Southern PeU'o- WESTERN OILS 5 st Gas AsMand BP Oil Gas Can South Cdn Ex Gas CcJn Homesld Cdi Ind Gai Oil Cdn Super Cdn II Charter Chicifan Dome Pels Gl Plains Gt Cdn Oil 'L'k market moved moderately leuni lost 3D cents to liiehrr while prices in oilier sec- DJA IT dropped in ligM mill- NEW YORK the bait the stock traded up M. Bankirg. oil refin- ing, pipeline and real estate is- sues moved in-xlcratcly lower. Chemical, general manufactur- ing, merchandising and commvv nil-alien issues edged fraction- ally higher. Hudson's Bay Co. dropped 3S I to Crown Life Insurance 't to XcUcrs l-> to Slo, Kar.ger lo SID1: and Consum- ers" Gas M to ?1P. Toronto SU.r B w.ns up Pi to S49'2, Shepherd Casters to tirain Li to Patino 1 lo -S271- and Relhleliem 'i to PRICKS MONTREAL (CP) Prices were off in all sectors except tlustrials in light morning trad- ing on Ihe Montreal stock mar- ket today, lost .Oil to Ilia.45, 6.00 U621. US." 6 50 rv.-r 1050 MISCELLANEOUS INDUSTRIES Aqudraine Cyan Falcc Home B Hvd iJay Co Hurt Ray Oil H''d Bay Oil Pfd Hugh RcSSOU Hus'iy Oil a.m. Out Musky Oil B Husky Oil V.'Jr Infer Prov Pipe j Inler Prov Sled Res AAGF Manage Pacific Pde Rainier Tclcdyne West Cdn Seed While Yukon Wcslfield CALGARY Ac r ell Barons Oil Ncrlh Cc. al Gr 5.S7 6.JS 6 J3 5.75 11.75 1.35 8.W i Pin 5.CO 5--19 Gr 6-14 cipnl Gr 4.84 5.31 und p Gr 6.73 7.41 ed Ac i ii 6.W crsal Sav B.09 8.59 iiiard 11.51 fw Venl 1ft VANCOUVER MINES k -1f> EDMONTON (CP) Share- holders in the CPE "get fat" through the average citizens' tight to maintain passenger ser- vice, Jack PickeUs, president _. V.'srner PIPE LINE STOCKS Alia GAS A 5UJ AIM GdS PFd Alia Nal Inland Nfll G? N and C Gas N and C 8 P Pac Gas Tra 31.C5 ocly Varrtcn 13.00 Ga'l Metro A 7000 Trans Ctfa Pipe Cda B Trans Cda A Trans Cda War WC Trans Trans if MUTUAL FUNDS All Cdn Co AH Cd 4 3.CO .10.50 79. ?S l.ylc Priri Pyrs 32 C Res 05 ___ INDUSTRIALS 9 76 10.A7 BfocV: Hrcs 3 Cdn VBtil X.OT .1.17 D.C. Sfqar JU7V. Amr Or F B.C. Sucar Pld 16 ro AGF SpKial Capt Inter 15 Cdn lnf-st F 5.0J 5.50 CrMltrook F Ind c-1 Mutual 691 7 '7 My. rrnnv Infer U.57 16 01 Interior Brcv.' 3.90 Lev 3.50 -17' imcr Warinpr ,t7 Invest 6.12 6 f-' Key Ir.d'jsl -1 In 5 F 53J 571 Pacific W Air 17 s F U S 13 w H.6" Stampede Inll Res .98 Shares rs BEEW DONE] THE WAS AFTER 1.00 PAGES OF EQUAT1 ONS FOR ANGLES, LENGTHS SPEEDS WERE PPOCES5ED BYOXUVTER, Col CeHuloss CBl Coron Credil C.V.'.N. Gas Cdn Ir.dusl Cdn ,Varccnl Cdn Vickers Chrysler CPR Cominro Cons Cons OTTAWA (CP) The govern- ment today offered investors yields of 5.5S and 6.5 per cent a year on two new bond issues. The short and medium-term bonds are being issued April 1 to raise million, which to- getber with money in the treas- ury will be used to pay off million worth of bonds coming due April 1. I The new issues are; i eight-month bonds bearing interest at 514 per cent, offered at per cent of face value to yield about 5.5f> per cent when held to maturity. i v c year ccni bonds offered at face value, to yield 6.5 per cent when held to maturity. The Bank of Canada will lake up million of the new bonds. How much will sold of ei- ther maturity will be decided when subscriptions are re- ceived. of the Edmonton Council ol nail- road Unions, said here. He said in a letter lo trans- port minister Don Jamies o n :hat the 80-per-cent subsidy lite government is committed to pay [lie CPU on losses from main- line passenger train operations is too high. Canadian Pacific Ltd. earned profits of million last year compared with million Ihp previous year, including million on rail operations, Mr. Picketts said. He said that if the public proves that main-line service b> he CPR is essential, the rail vay would collect million ic-r year in subsidies to con intte the service. "Therefore in 1972 I would ircsumc that profits would be ip to million. How strange it is that the rank and file rail- i g h t to protect passenger riins and that through our ef- orls shareholders of CPU get at." Mr. Pickelts said Oio 80-per- cent subsidy should be reduced o "something more reason- able. 'In fact, when I think of what the CPR has been given by past governments, maybe we should consider giving them no sub- sidy .it all." Mr. Pickells said in an inter- view, however, he favors giving subsidies to the CNR to main- tain passenger service. Subsi- dies to the government owned railway, he said, "are the samo as taking money out of ona pocket and putting it In an- other." U.S. oil ivells battle shortage looking forward to the an n o u n c e m e n t of the govern- ment's budget's plans for the coming fiscal year. Many supporters of the Con- servative government are hop- ing thai Barber will announce tax cuts designed both to help a stagnant economy achieve a new lease on life and to bolster the appeal of Prime Minister Heath's government. Recent months have seen a continuing rise in unemploy- ment although the radical infla- tion which began in the late )s Conservatives in- lately tapering ofl i somewhat. But the combination of gener- ally uncomfortable economic circumstances has served to re- duce the Tory government's popularity. This comes at. a time when Heath is faced with a continuing crisis in Northern Ireland and most unflattering of o f railroading through his plans for British membership in the European Common Market. In new of such circumstances the Tory government is cur-. __j............ rently under great pressure to Robert Hicks, president of the come up with a popular budget, [united Rubber Workers, Local involving slash and extra benefits Neio York stocks Beth St Chrysler Comsat Dupcnt (Supplied By Richardson Securities ol Canada) -d T 1 tr S'ars 30 Go'ds ofl 1.2J 875" Std Oil a 111. 12-iS 10 Baie A'.t 9316 up .10 I j'lJVi Texas Gull 119.15'i 15 W OK ma off .5) Texaa Co 3275 Vrlnmo 1.0-8.WO 83.75 tilcc 20 Roili EiO.SJ Up M U.S. Sreel 32.35 IS Ulilities 115.77 Up .67 2900 TORONTO AVERAGES AS Sleeks Up KGB 'rVwnrd tt.15 20 InduEl cff .03 Vc Hughes called 'billion-dollar by paper EDINBURGH (C P) The Scotsman, in an cdi- tct'ial heatilined "Billion-dol- lar suggests the ar- rival of Howard Hughes in Vancouver may constitute a milestone in the American industrialist's career as a public personality. Perhaps it is one of "the first tentative stages in an acclimatization that may turn him again into a credi- ble parson, so far as that is possible for a The Scotsman says. The Scotsman expressed the fear "that many epi- scdei have yet to be added to the Hughes scenario." "But like many another sensational serial it is be- gjnning to get a bit weari- some." reader and average citizen must er explodes From AP-REUTEH ADEN (CP) An Egyplian- chartcred Yugoslav airliner crashed and exploded in flames on Aden's only mountam Sim- day night and one report said all SO persons killed. The twin-engined smashed into the liigl peak of Mount Sliamsan as it came in to land. A spokesman at Cairo airport said all 30 aboard were killed The DC-9, chartered by Egypl Air, the Egyptian national air line, carried 21 passengers and i crew made up of five Yugos lavs and four Egyptians, the spokesman said. EL PASO, Tex. (AP) Nearly oil wells in Texas will go on full-scale production two weeks from today lo try to satisfy the growing United States appetite for energy. The Railroad Commission, which sets limits for oil produc- tion in ihe state, ordered the in- crease. Oil executives told the com- mission Americans would use four to six per cent more peti'o- cum products this year than in 1971, but said it was gettinp, liar- ler and harder to obtain oil without bringing it from over- ;cas. "This Is a damn historic occa- sion and a sad Com- mission Chairman Dyron Tun nell said, just prior to announc ing the 100-per-cent factor for >ne report said April, an increase of 14 per ccnl aboard were from March. Not since 194ft, when Texa DC-9 jet wells were pumping full blast to replenish oil reserves depletec during the Second World Wa has the stale had all-out produc lion. I say this is a sad occasio because it could have been Tunneil said. "There is more oil and gas I be found it there was incentiv to find it. But when Congres should have been trying to stin Tirc-buihlcrs work lo rule CALGARY (CP) Workers at the city's Firestone tire plant have started a work-to- rule campaign because of a new bookkeeping system which they say cuts (heir wages. fl, changes the method by which tire builders are compensated when they lose lime because they locate and remove defec- tive material. taxation I Q35I said 170 men are working for such to rule and tire production has needy groups as the country's been cut to aboul 50 per cent, cld-n'ge pensioners. At present, 21 workers in the building department arc in- volved in the new system, he said, but eventually all men on piece work or about half of the men employed will lie affected by the new system. The system, introduced March prices COLLEGE OF GOVERNORS James 1. Foster. Minister of Advanced fcJucalion, qucsls r.-jminalions fcr 1iie appomlment of persons lo serve on the hoards of governors of Ihe Albertc public colleges. The following are ihe colleges and ihe number of vacancies at each. 1. Grant MacEwan Community College (Edmonton) 2 Vacancies 1. Let h bridge Community College 2 Vacancies 3. Medicine Hat College 1 Vacancy 4. Mount Royal College (Calgary) 1 Vacancy 5. Red Deer College 1 Vacancy 6. Grande Prairie Regional College No Vacancies Nominations should provide pertinent information con- cerning the nominee's background ana" qualifications Nominators should include their addresses. Appointmenls arc normally for a ihree-ycar period commencing July 1, 1972. Nominations should bo for worded, no lolor Ihan April S, to: DR. H, KOLESAR, Chairman Alberto Colleges Commission Suite 600, Devonian Building 11160 Jospflr Avenue Edmonlon, Alberta Grain prices Winnipeg Grain (CP) Most commodities were selling lower at mid-session of the Winnipeg Grain Exchange today. Tliere was heavy hedge selling in flaj with a good exporter interest. Volume of trade Friday in eluded bushels of flax rye, Vancouvc rapeseecl ant! Thundc Bay ropcseed. Mid-session prices: Flax: May unchanged July lower Oct. i lower Nov. 3i lowe EDMONTON (CP) Aver age prices to I! a.m. provided 2.74Vi- by the Alberta Hog Producers Rapeseed Vancouver: Marc Marketing Board: lower 2.70'i: June lowe Edmonton: 2S.20, average 28.60. Deer; Livestock Calgary livestock CALGARY (P) Receipts, on the Calgary livestock mar-1 kct to 11 a.m., about 200 head; mostly slaughter cows. Trade j was active. A few slaughter .steers wrrcj steady' heifers were steady I no choice, kinds (iffcrefl; 1 cows were full steady, ouality considered: bulls were steady. Choice slaughter steers 34 to 35.50, good 34 to .13, medium 32.50 to XI.75. Good heifers 31.7.1 to 32.75. medium V.I to 1.50. (Joed cows 2.1.50 to 20.50, medium 2-1.25 lo 25.50, canncrs and cutters 21 to 21.25, good bulls 2fi to 2ft. Insufficient replacement cat- tle to establish a market. A few stock calves wild steady with good steer calves '10 to n. Hogs base price Friday Red Friday 2B.TO. Calgary: Friday 28.52. (xithbridge: Friday 28.1C. Woydmin.sler: Friday 28.00. Total lings sold II a.m Friday Provincial age Sow average 20.00. average 35. average 28.20. average Nil, average lower 2.70'.2; June Sep. Vz lower Nov. lz lower Rapeseecl Thunder Bay May '.'i lower July lower Oct. and Nov. n< open. Oats: May unchanged C.W July and Oct. not open. Barley: May unchange July unchanged 1.09V'i i Oct. not open, aver- j Rye: May lower l.OOlz July 'i lower Oct. changed l.Ol'.i. Net earnings liy TUB CANADIAN ITIKSS Ltd., yenr ended Jan. SI: 1972, fil cents a share; 1371, 59 cents. Northwest NiHo-Cliemiceils Ltd. Medicine Hal, requires a STEAM ENGINEER EMPLOYMENT OPPORTUNITIES FLYING INSTRUCTOR Must hove hours Hying time ol which 500 ore on multi-engine planes. Closs 2 inslrument rating and Class 2 Instructor rating. Basic salary plu] per hour (lying time. MED1CAI RECORDS CtERK REGISTERED NURSE For operating room in local hospital. (Also o vacancy In rurol area hospital within commuting distance for R.N. WORKERS" REQUIRED FOR LOCAL MOBILE HOME MANUFACTURING PLANTS. Mobile home manufarturing SEVERAl OPPORTUNITIES FOR JOURNEYMAN WELDERS. GROUNDSKEEPER TRAINEES FOR LOCAl GOIF CLUB. FOR COMPLETE DETAILS ON THESE AND OTHER VACANCIES CONTACT CANADA MANPOWER CENTRE Federal Building Lelhbridge ate exploratory drilling, they ere cutlir.g the depletion allow- ico and adding other taxes" i the industry. Tunnell had a package ol ugfiestions to help the oil and as industry, including reslric- ons on foreign oil imports, ex- inded offshore operations, ighcr prices for petroleum roducts and full attention to laska, "notwithstanding the aribou'' which Tuimall said ad stymied drilling of the vast Uaska'n oil reserves. M. A. Wright, chairman of 10 hoard of Humble Oil and Mining Co., said "militant en- ironmenlalists" had delayed a jroposert Alaskan pipeline by at east five years and that millons if dollars of equipment is stand- ng idle. "It is imperative (hat we re- gain a balanced perspective be- ween our ecology and our standard of said R. F. Tucker, president of Mobil Oil Corp., North American division. Marathon Realty Company Limited APPOINTMENT DOUGLAS G. AITKEN Mr. Philip Boname, General Manager, B.C. Division, Marathon Realty Com- pany Limited, is pleased to announce theappointmentol DouglasG. Aitken as Assistant General Manager, British Columbia Division, Vancouver. Prior lo his latest appointment, Mr. Ailken was Operations Manager Prairie Division, Calgary. This is o staff job wilh Salary SI per annum, experience. the accompanying benefits, depending on Send resume of qualifications ond expe'iencc loi Personnel Manager, Northwest Nitro-Chemicais Ud. P.O. Box 30, Medicine Hat, Alberto DO-IT-YOURSELF STANLEY BERRY GARAGE DOOR OPENER DO-IT-YOURSELF SPECIAL WHILE THEY LAST Simple installation GAME ROOM SPECIAL PREFINJSHED HARDBOARD 4x8 V GROOVE WOODGRAIN Four colors Stonehavcn Elm, Dufftown Pecan, Helmsdalo Hickory, Kircaldy Walnut. Special, par theet OR USE YOUR CRESTLINE BUDGET PIAN-NO DOWN PAYMENT ;