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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 20, 1973, Lethbridge, Alberta Tuesday, March 20, 1973 THE IFIHBRIDGE HERALD 17 Market continues downward slide TORONTO (CP) Gold is- sues scored fractional gains while prices in other major sec- tors of the Toronto stock mar- ket continued their downward slide in quiet mid-mcrning trad- ing today. One observer said many in- vestors still appear to be shaken by Monday's steep de- cline and have withdrawn to the sidelines until an upward trend resumes. The gold index was ahead .01 to 213.35. The industrial index, considered a major indicator of market trends, lost .45 to 223.43. Base metals dropped .59 to 101.08 and western oils .sr? to 249.83. Volume by 11 a.m. was 000 shares, down from at the same time Monday. Declines outnumbered ad- vances by more than two-to- one, 146 to 70, with 208 issues unchanged. Chemical, food processing, steel, trust and loan and indus- trial mining stocks dropped moderately lower while bank- ing, merchandising and pipeline issues edged fractionally higher. Inco was down to Slater, Walker 3s to Cas- siar Vz to Siebens V, to Dominion Citrus Vt 10 and Preston to Westcoast Transmission was up 14 to Simpsons-Sears 1 to ?53, Canadian Tire A 14 to S59, Aquitaine 14 to Nil- West Development V, to and Sherritt Ife to Smi. Industrials dropped 243.33, the composite .70 529.83 and utilities .26 to 160.58 while banks, gained .13 to 266.04 and papers remained changed at 122.58. On the Montreal Stock Ex- change, Credit Foncier gained 1 to and Canada Cement La- farge to while Texaco Canada dropped to and Moore Corporation li to On the Canadian Stock Ex change, Quebec Explorers gained seven cents to 68 cents on shares. NEW YORK (AP) market prices drifted in unins- pired trading today, remaining on the downside but showing little inclination to either ad- vance or drop further. The Dow Jones average of 30 industrials at noon was down 4.44 at 947.62, while declines led advances on the New York Stock Exchange by nearly 2 to 1. Among Canadians, Dome Mines was up V4 to Sea- grams Vt to and Canadian Pacific 11 to I.nco lost to Granby Vi to and Ale an 1's to On the American exchange, Canadian Javelin dipped 1'a to and Quebecor to GM head refuses meeting with unhappy car owners Prospecting raft MONTREAL (CP) All sec- tors except banks and papers declined in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with at the same time Monday. Nolan Mclsaac and his son Gary built this suclion-operoled dredge and are now working the old gold banks near Yale, 80 miles northeast of Vancouver, on the Froser river. An auto engine propels the rig against the current. OTTAWA (CP) The presi- dent of General Motors of Can- ada In Oshawa has refused to meet a group of unhappy car owners to discuss their common problems with GM's compact car, the Firenza. In a telegram Monday to the Dissatisfied Firenza Owners' Association, Baker told the group their request for a meeting with GM officials to discuss their demands is out of the question. GM would have no dealings with groups. Mr. Baker advised each indi- vidual owner to contact the GM representative in Ms area. Since all owners purchased their cars individually, they must complain individually, he said. That response, says Bob Ben- nett of the Automobile Proteo tlon Association's (APA) Ot- tawa office, indicates all too well that the corporation under- stands the dynamics of con- sumer confrontation such as the Firenza owners are trying to create. "General Motors doesn't want to deal with lie said in an interview. Succumbing to the Firenza owners would set a precedent, and that would "certainly be a chink in their armor." "They'd like known as indestructible They want to his car and is' responsible for the fact that it spends more lime in the repair shop than it doss on the road. In little more than two weeks the group has grown from the original 21 to alnvast 100 in the Ottawa area. A group in Toronto is setting up its own association and the APA says it has received letters from owners in Nova Scolia, British Columbia, Alberta and a number of Ontario centres. The Fiienza, manufactured in Britain by British VauxhaD, la no longer being imported. The group cited recurring problems with the csi's ignition and electrical wiring system as well as brake and transmission problems. The owners bave demanded compensation for tho "abnor- mal depreciation" they say they will suffer by the dis- continuation of North American sales ot the car and called for a guarantee of continued parts suppHes. I ROLLS-ROYCE MOTOR FIRM UP FOR SALE Miscellaneous q notations Vancouver, Calgary, Montreal (Supplied by Dolierty, McCaaig Limited) LAST BID OR SALE LIVESTOCK REPORT Calgary livestock CALGARY (CP) Receipt to 11 a.m. today from the Cal- gary public stockyards show sales of 750 hsad, mostly slaughter cattle. Trade was ac- tive with prices continuing to climb io record levels on slaughter classes. Slaughter steers and heifers sold fully 75 cents higher. traded 25 cenls higher and bulls sold at steady prices. Steers A 1 and 2 '12.75 to 43.70 nith sales to 43.80. A3 41.75 to 42.75. Heifers Al and 2 41.50 to 42.50, A3 to 41.50. Cows Dead cattle report to be probed Herald Legislature Bureau EDMONTON Health Min- ister Neil Crawford told tiie legislature Monday he hadn't heard of a health hazard from dKid cattle in the St. Mary near Cardston but he'd look into it. John Anderson CSC-Leth- bridge East) asked if officials at Edmonton have been advis- ed that a Cardston man was ordered last week to remove Environment Minister Bill Yurko said "It's against the law both from a health stand- point and from an environ- mental standpoint to permit cattle to remain in the river Mr. Anderson asked if there was any "compensation" avail- able to rancbWs to retrieve dead animals from.rivers. Mr.- Yurko said "I'm not aware that we provide any as- sistance; but we certainly have the necessary regulations to make sure that those dead car- a.m. QuoTti) Quotes) a.m. GuoTet) Amer Gr Fd AGF Spec Cdn Inv Fd Co mm Inler Comni Venf Corp Invest l Ftt WESTERN OILS Creslfcnxk Lrvd 9.00 AND MIKES Crowsnest Ind 36.75 Alia East 9.70 Cygnvs A 7-75 Alminex 4.00 Cynnus B 7.75 Asamera 11.3714 Falcon Copper 13.75 Ashland U.25 F and M Trust 7.42' BP Canada 14.75 GEnstar 17.50 Brenda Mines 5.30 Home A 41.55 Can Soulh 4.55 Home D Shares Cdn Ex Gas 5.M Nova Scolia rJorancta 49.75 Dome Pele 41.00 Royal Hormgala 5.50 Dofa'co 25.75 Tor-Do) 17.1311) Union Oil 4.15 Versatile Mfg Wesleel 33.50 Unto Carb 18.10 WeslOTi's B VVocdward's A West Cdn Seed Zenllrl Elec 39.50 33.75 19.75 Cdn Imf Vonlreal 18.35 11.CO 8.55 71.50 32.50 20.50 31.00 50.00 41.25 33.00 34.00 26.17'A 10.75 23.121i 1B.25 8.75 13.00 4.70 31.35 51.50 27.50 11.12V3 12.12Vi 15.75 19.50 54.50 34.75 53.00 15.00 19.35 11.75 IS 35 7.25 30 .W 17.35 71.00 50.00 5.75 3.40 High Flax May Jly" Oct Nov Rapeseed Vancouver May 378 369 June 364 Yt Sep 351 Nov SK 3-18 Close 468% 448 428 421 354 VI 364 348 buye :anrls to become richer over he years. Last year Rolls-Royce Motors lade a prolit oE about mil- on at current exchange rates, rith an output some ars and a turnover of mil- ion. Demand for diesel engines is mproving and car production s being raised. Rothschild is putting a re- ierve price on its prestige-laden >ackagc. Business experts are fredicting the successful appH- ant might have to pay as much as million. But there is a snag. Foreign bidders are not ex- actly being blocked. But the le- gal standing of the thoroughly British Rolls-Royce marque srevents the name itself being used by any foreign company. There would appear to be little attraction to the foreign corporate millionaire in having a garage full o( Rolls-Royces when be had to call them some- thing else. Beef futures WINNIPEG beet futures close Monday. Mar May 44.40; Jly 44.25B; Sep 42.Z5A; Nov 40.40N. Friday's volume: 36 con- tracts. CHEF-COOK Required by the Trade Winds Motor Hotel to lake charge of the Kitchen. The successful applicant will be responsible for food costs, menu planning and purchasing. Apply: Mr. Ryder, Trade Winds Motor Hotel, 66th Avenue and Macleod Trail S.W. Calgary, Alberta I Crestline Bujlders INVENTORY SALE Jiancsecfl Thunder Bay May Jly Oct 340 335 Nov May HOW 107% 102 144Ti Jly lOSVb Oct Dec Barley May 147 Jly Oct 148 Dec Rye May Oct Dec 342 342Vi 335 319 113% 10714 105 CONTINUES UNTIL SATURDAY, MARCH 24th SANDED SPRUCE PLYWOOD EXTERIOR 4x8- No. 1 A QO Grade Rough en. A OO 4 x 8 No. T 138Vi HO'.i 140 ti BANKS 34.35 11.15 York stocks (Supplied By Richardson Securities of lines, the company said. Earlier Monday, General Mi tors promised Io avoid ne price increases on 1973 models unless ''major economic events intervene." Amr T and T Anaconda Beth Chrysfer Comwl Dvfxwl Gen Wctora Gulf Inf Harvester Copper Mwt Ward 22.50 Texas Gulf 2e.oa Texas Co 33.50 Corp 57.75 Woolworth W5 Elic 3S.25 TJ.ISVi U.S. Steel 31.55 J5.5S Gen Tela Eltc J7.75 jJ'M TORONTO AVERAGES Ind 223.23 Off .ti 109.000 50 GoTdS 2W.4J Op .70 32.12V? 10 Base Met 101.53 off .61! 15 V.'est Oils -249.65 ofl Volume NEW YORK AVERAGES SO Ind S47.6? otf 4.44 20 Rsils 1J4.J7 up 1.0? 15 inil 109.23 cff .04 Stcxks ViM off .47 Volume Canadian wheat exports healthy SASKATOON CCP) Cana- dian wheat exports fo the So- viet Union arc in an "extreme- ly healthy" position, Robert Gayner, commerical counsellor at the Candian embassy in Moscow, reported here. He said in an interview that Canada is ahead of its delivery schedules while the United States is lagging behind its tar- get dates. Relations between tlia Canadian Wheat Hoard and Soviet buyers were "absolutely first class." Grade Rough Aspenite Chipbocrd 3.49 4.89 4 x fl Exlerior 4 x 8 Exterior INTEDECO BRICK Interior brick facina, light- weight. V4" thick. While and Red. CLEARANCE SO. FT. PANELLING FIR PLYWOOD EXTERIOR 4 x 8 V< Goad one side, 4 x 8 Va Good one side 4 x 8 Good one CRYSTAL GLAZED 1" Mosaic Tile For kitchens, bathrooms, laundry rooms. CLEARANCE SQ. FT. a- 9.99 ,12.99 PREFINI5HED RANDOM GROOVED PANELLING mm. 4 colon. Light Oak Dusky Classic Walnut AfATICO VINYL ASBESTOS FLOOR TILE 12x12 16 gauge, 3 colors, PER TILE EACH Use Your or Our Budget Plan CRESTJJJSIE BUILDERS MARKET LTD. "lETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 or 327-5110 ;