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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 23, 1972, Lethbridge, Alberta Tliundoy, Morch 53, W2 THE lETHBHIDGE HHAID 2t Market prices up in early trading Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrly, McCuaig Limited) LAST BID OR SALE Quotes) Husky Oil Mot Accum Husky Oil Q Mut Gr Fd Husky Oil Wai Auto plates join Leaf fan club a.m. Quotes) OILS TORONTO (CP) Prices In most major sectors cf the To- ronto stock market climbed fractionally higher in moderate mid-morning trading today, in- terrupting three consecutive los- ing sessicos. The industrial index climbed .03 to 199.21, golds .23 to 177-24 End. western oils A3 to 223.53. Base metals were clown .10 to 97.61. Volume by 11 a.nv was C21.C40 shares, up from at the same time Wednesday. Advances held a slim lead over declines, 101 to 97, 207 issues unchanged. Communication, oil refining, banking, general manufacturing and trust and loan issues pasted strong gains as .nine of the in- dustrial index's 17 sub groups moved higher. Merchandising, steel, chemical and real estate issues drifted fractionally lower. Kofiler Stores was up lo Imperial Oil 3a to Victoria and Grey Trust W to Shcrritt !'s to and Sherritt to and Canada Southern Pete 10 cents to S7.80. Cominco rose to Total Pete 15 cents to Inco Va to SM-X Mclr.tyre 'A to S73V-4 and Abitibi to Texaco Crjiada fell Vi la NoraiKln Vi to S391s, Hud- son's Bay Co. to SlrBs, Pine Point (o N'umac lo and R-o Algom VB to NO KEPORT MONTREAL (CP) Power blackouts caused by storms in Quebec delayed transmission today of Montreal noon stock report. (The report was still not available lo The Herald at its press deadline.) S CLIMB NEW YORK (AP) Stock market prices climbed sharply on a broad front today as iuves- orr snapped up bargains that iovcloped from recent profit aking. The noon Dow Jones average of 30 industrials was up 7.30 at The most active issue on the New York Stock Ercltange was again Gulf Oil, unchanged at International Nickel was up V, at Up .'A were Alcan, at Canadian Pacific, at SlGli, and Masses', at Walker Gooderham eased V> to On the American Stock Ex- change, Brascan was off 14 at Canadian Marconi was ahead Va at Armlne: Alta East GAS As am era AshfanJ IIP Oil Can south Cdn Ex Gas Cdn KomesJd Cdi Ind Gas C Can Super Cdn Long Is Charter chleffan Dome G! Plain: CM Cdn Oil Lcchlel North Cdn Oil Numac Pancdn PEta Pan Ckean Petrol S.55 700 17.JO 14 00 7.85 3.EO 9.W 42.5.1 .59 5.10 10.00 SS.75 3J.CO 5.75 Inter Prov Pipe inler Prov steel Kaiser Rei MGF r'Aanage Pacific Pele Rainier Sandwell Tclcdyne West Cdn While Yukon WesHleld CALGARY Barons ON Norlh Cent C2 West Warner S3 PIPE LINE STOCKS 635 Nat Res U 87Vj Finance> HVt Grcwlh 375 Prin 2.90 RovFund 31.75 Temp Gr 562Vj Un Ace urn Unlv Savings Vanguard 5 Comm Vent J.8I 6.40 5.45 5.81 7.1? 7.97 546 6.03 663 X.79 524 6.44 678 7.41 5.39 i92 B.03 357 11.29 12.37 7.29 8.01 1S.62V1 Alta Ga: Pin icle A.7S 1.40 10.00 Place Gas Ponder Ranger Scurry Rain Spooner Seibens Ulster Decalla West Pele MISCELLANEOUS INDUSTRIES Aquafalne BrJnco 5.75 Ccfn Brew A JA.M Ccfn Brew B 38.50 Cdn Foci' r Cygnus A Cyqnui B Fnlccn Coppe' Gens far Home A Home R Hud Say Cn Hud Bay Oil Hud Gay 5150 21.00 16.50 13.00 5.75 70.00 Afa Gas PFd Alia Nat Gas Inland Mat Gas !J and C GBS N and C B Pfd i Pac Gas Trans Gaz fAelro Gnz CAelro A Tears Cda Plpfc Trans Cda B Trans Cdn A Trans Cda War WC Trans W.Bi WC Trans W1s 10.S MUTUAL FUNDS 1 All Cdn Com AIL Cdn Dlvl Alt Ccfn Venl Arlic Wining Alias Explor Bath Ncrrsa Brendfl Bryccn Church Copper Croytlen Dankoe Dolly Varden Dynasty Fort Reliance Giant Mascot Lo Tly ED SLf! ON Canadian Press Staff Writer Spot a licence plate on a Canadian highway with blue figures on a white background and Ins car probably from British Columbia. Or Saskatchewan. Or Ontario. Or Nova Scotia. Or, for that matter, the Northwest Territories, if the driver still has his 1971 plates. Last summer, Canadian plates came in 10 different color combinations with only two duplications among the 12 provinces and territories. This year, with Alberta and N.W.T. .sporting white numerals on a bluo background, a cross-Can- ada survey shows that half of them seem to have joined the Toronto Maple Leaf fan club. I Livestock report nlsle nex 13.B7Vi Texinont Calgary livestock CALGARY (CP) Receipts on the Calgary Livestock Mar- ket to 11 a.m., were mostly choice slaughter steers with the remainder slaughter heifers and cows. 37.50 f .M Gr Fd AGF Specifll Cdrt Inv Fti Coll Mul Comim Infer Comm Lever Corp Inv Corp In St Fd Drey Fd U.S. Gr In Shares FLquily _ INDUSTRIALS S 10.55 Block Brdhers 3 B.C. Sugar Hugh Russell Pfd 52.13V, Tn 67 Fd 6 81 3.41 Cap Inte 5.48 Crest For Ind 6 ?fl hys U.3S 15.77 Inter Brew 3.85 OJ Inter 605 661 Key Indus! Par Air 13.22 14 JB Slam Int'l J.02 A.i? OILS 7.3S S.IO AiDany Oil 12.09 1322 Plains Pete 5.77 6 31 West Explor j may get Toronto mines, industrials dcfll Royal Trust Co. may buy bank MONTREAL (CP) Tho Royal Trust Co. announced Wednesday that an agreement has been reached under which Royal Trust will acquire the Inter National Bank of Miami, Fla. Under terms of f-he agree aiient, a minimum of shares of Royal Trial stock will bo issued. Each shareholder of Inter Na- tional uill receive Royal Trusl shares with a market value cf at least but no less than 1.93 shares for each share of Inter National. The proposed transaction jnust slill be submitted to var- ious United Stales government agencies and to Inter National's shareholders for ti'.eir approval. The approval of shareholders holding 66 2-3 per cent of Inter National's outstanding shares is required. crisis grips Britain Worst labor LONDON (AP) lite num- ber of unemployed in Britain in iMrcch topped one million for the third straight month with no sign the worst labor crisis since the Second World War is easing, official figures showed today, The employment ministry said persons were out of work this month. The British figure represented a drcp of over February, U'hen unemployment was tern- porarily swelled by layoffs caused by the miners' strike. The high figures are certain to bring the Conservative gov- ernment iof Prime Minister Ed- ward Heath under renewed fire by trade unions and left-Ming el- ements- The only encouraging signs are a sharp increase in the number of job tliis month to a drop in the number cf layoffs in February compared with the month before. (Supplied By Richardson Securities of Canada) LAST BID OR SALE Quotes) a.m. Quotes! MIKES Asb. Advccati AkailcHo Bralcrne Broulan i Belhlehem j Brunswick Canacfa Tung. Cassiar Contra Pal. Chlmo Ccns. Rambler Coin Lake Cochenour CriagmonT Dlckenson Win Deniscn Mines Deer Horn D'Eldonn Dome Mines Aldcna Discovery Win East East Sullivan Fa Iccn bridge Frotex First rAariflrnei Giant Y.K. Bovis Granduc Headway R.L. Hofllnocr 2.3S -SSV: 37.50 3.65 1.65 20 71) l.EO 120 7 75 1.91 1.15 1.30 1.20 95.50 6.15 .15 34.25 24.CO 3.35 Hudson Bay W-S 34.00 Hydra Ex. .17 Iron Bay ISD Jolier Ouetec Kerf Addison Key Anacon Labradrr Lake Shwe Langis Silvsr R-L, Mar. In McNeely rVaclnlyre Mfdrfm Intern TAogul New West Horns Nftvd Athona New Calumet W- Horse Copper Noranda l.SD .31 9.35 Oiisko Placer Dev. PC. Exp, Quebec Man i Rayrock Radlcre Rio AJgorn Roman Corp. SherriH Silver Miller .05Vj Steep Reek 2.3? Tek Corp. j Upper Canada ?.I7 Western Mines Wright Willroy 1.50 Windfall .10 Yellovjknlffl Bear 4.iO INDUSTRIALS Abltlbi Alcan 50.75 Algorna Sfcel Alco Ind ll.lJVa Aflan Sugar Agra Ind n.50 Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C Sugar Bow Valley CAE Ind Cdn Chfcmceil Col CeElufoss Car Power i Coron Credit C.W.N. Gas Cdn Induif Cdn MarccnS Cdn Vickcrj Chrysler CPR ComJnco Cons Bath Cons Gas Cdn W.N. G-ss DIst Sea i Dom Bridge Donilar Dom Textile Dom Stores Dome Pefo Dolasco Cable Fd cf A Gt Cdn Oil Gt Lakes Pap i Gulf Oil Cda Greyhound Hawker Sid i Huron, Erie Hiram Walk Imperial Oil Inf "wicVel Int Pipe Irv Gp A Int Indust Accepf LdurenMde Kelly Doug A ll.lJVa McMillan BloB Mocre Ccrp Molsons A tf, 00 Mo3sons 8 21.87V1 Ncrlh, Cent M.oo Power Corp 13.75 Prire Co 23.CO 3100 M> i OTTAWA CCP) The Com- 27 tvh mons accounts conunit- j tec requested permission from ttie House Wednesday to draft recommendations for a separate act to deal with the office of Auditor-General Maxwell Hen- derson. The request was contained in report tabled in the Commons, vhich dealt briefly with the committee's study during the ast eight days of whether Mr. Trade was active. Slaughter steers and heifers met a good demand from local buyers at steady prices. Slaughter cows were steady as were hulls. Choice slaughter steers 35 to 35.50, good IJ4 to 35, medium 32.50 lo 34. Choice heifers 33 to 33.80, good 32 to 33, medium 29.50 to 32. Good COWS 2G.25 to 27.25, medium to 26.25, j c tinners and cutters 21 to 24.50. Good bulls 26.50 to 28.50. Replacement catUe w e r c i mostly feeder steers selling I steady. Good feeder steers i more than 750 pounds 34 to ;ili..riO, less lhan 750 pounds 36 to 38.50. Good feeder heifers 31 lo 33. Good stock steer calves 39 to 42.50. Good slock heifer calves 34 to 38. Hogs base price 25.05. Lambs were steady good kinds 28. buffs still will be able to spot distinctive fea- tures such as Quebec's fleur- de-lis, Ontario's crown, Mani- toba's bison, the unique po- lar-bear shap that identifies N.W.T, cars and the miner who pans gold on the plates of Die Yukon Territory. Some of them bear a mes- sage. Follow the right car and you can learn that Nova Sco- tia is Canada's Ocean Play- ground, Quebec is La Belle Province, B.C. is Beautiful and 5IanHoba is not Sunny but boasts Lakes- To the distress of some of its residents, New Brunswick is no longer billed as The Pic- ture Province. Instead, its Kaiser Ltd, elects new if 13V; 33 22.25 33 tVh 31.25 39. Hi 6.50 E.CO 5 50 7.50 25.00 1-40 11.SO 10.75 Roth mans SI Law Corp Shell CDA Simpson's 24.25 f.f-JVi 7.75 17.CO 21 -CO Selkirk Texaco Oil Mfg J2.121.'! Veri 15.00 Union Car 9.00 B 19.M Woodward's A 2J.75 W5t Cdn s d 31. 37 '.'2 Zenllrv Elec MM BANKS Can Imprrial 5.11', 15.15 17 C0 27.5D S.CO 2.7S J3.75 16 75 Noi Scotia VM.QNE? YES.NOV YtXJ CAN PRACTICE THE GAME ALLBYYOUftSELF, ALONG aASTlC CORD, ATTACHED TO A PORTABLE "ANCHOR1 BRINGS BACK THE BALL FDR THE NEXT STROKE.., Sclerosis cure in five years predicted TORONTO (CP) Gasps rose from the audience Wednes- day when Dr. Murray Bornslein of NOT York told a Multiple Sclerosis Society of Canada meeling there may be a cure [or the disease within live years. Most cf the 150 persons in ttra aiKlienee were patients, .some in wheeleiiairs, or relatives of pa- tients suffering from the crip- pling disease, which character- istically causes blurred vision, tremors, loss of co-ordination, a stumbling walk, speech difficul- ties, numbness, weakness and fatigue. Dr. Bornstein, who doss re- search in the disease, said a serum already ras heen devel- oped that lias cured monkeys of alwrafory-indnced allergic en- New York stocks (Supplied By Richardson Securities of Canada) T Int Harvester Kenn Ccpper Sears F.ld Oil of H.J. Texas Gulf Texas Co Wicks Ccrp Wcolworth West Elec U.S. Steel TORONTO 20 Ind IE E7V; 33.55 32.50 61.2.S 111.75 20 Golds 177.S3 up .51 77.75 1D 9775 llp 3225 oils m.n up t J9.12'.'] Volume 47.CO NEW YORK AVERAGES 4d 30 Ind S-il.23 up 7.M 32 10 Ralls 259-38 UP 3-4' AVERAGES S5 up 3.30 tip .27 Volume Your Income Tax Questions and Answers i I h j of your income the Calnflry District Office, Depart- ment National Ravenue, Taitation. It includes answers to some ct Ih2 most commonly asked questions. Where unusual circumstances render ttie answers Inadequate to Your needs, use your Income Tax Guide. If you are still In need of hela. write To NATIONAL REVENUE, TAXATION, SOS E1h Ave. S.E., Calgary 21, Al- berta for addilional Information. Q. I receive as part of my income the United States Social Security Pension. Do I have to include this as part of my in- come in Canada? A. Yes. The United Slates So- cial Secui-ily Pension forms pai I in CanrjJa and and signs .similar to multiple sclerosis. Beef futures WINNIPEG (CP) Live i beef futures close V.'edneday. i Mar 3S.P5; May 35.ION; I Jly 34.25B. Tuesday's volume: ]0 con- I tracts. BOOKEEPER TYPIST Required by LUMBER and BUILDING SUPPLIES FIRM Must be able ro handle a complete set of accouni- ing records plus be proficient in typing. Experience desirable. Please supply references. Salary commensurate with qualificalions ond experience. Apply in writing to: P.O. BOX 512 IETHBRIDGE .should be reported in Canadian dollars. Q. I von a cash prize for a suggestion I made to my em- ployer Tast year. Is this money taxable? If it is taxable where do I enter it on my income tax return? A. Yes. this award would be considered lo he related to your emplnyrnfir't and of your income ant: would be subject lo income tax. Enter it on your form in the section marked "Other Income" and specify the source of this in- come. Q. Jly employer pays a por- tion of my hospital premium. Do I have to report this as part of my income on my lax return and if so where does my em- ployer show this on the T4 slip? A. This depends on the terms of the contract under which your employer makes the pay- ment. If Ihe payment is a tax- able benefit to he included in your income, your employer a required to report this on your T4 slip as "Taxable Allowance and and include it in the amount shown as "Total earnings before deductions." Q. I am now receiving the old age security pension. Must I in- clude this pension money as part of my income on my in- ime tax return? A. Both the old age security pension and the guaranteed in- come supplement must be re- ported as income on your in. come tax return. The guaran teed income supplement, how ever, may be deducted in com puling your taxable income in 1071. Canadian wheat not to blame lenderson has been denied the staff needed to do his job of Grain prices Winnipeg Grain WINNIPEG (CP) Rape- seed prices remained firm on quiet exporter buying trade ai mid-session on the Winnipeg Grain Exchange today. Flax ard rye prices ad- i vanced in a good volume of The committee, which heard exporter buying, meoling light lestimony from Mr. Henderson j offerings on the way up. and Treasury Board President! Volume of trade Wednesday was bushels of flax, of rapeseed and 000 of rye. Mid-session prices: Flax: May Hi hi g h e r scrutinizing counts. governui e n t M. Dniry, found that Parlia- ment had provided funds re- quested by Mr. Henderson to lire enough staff, The problem was that Mr. Henderson was having difficulty acquiring and holding Uie staff judgeted problem the committee wants more time to study. j SUGGEST SOLUTION Tile report noted that both i Mr. Henderson and Mr. Driiry had suggested that a solution might lie in a separate auditor- general's At present the auditor-gen- eral's office comes under the Financial Administration Act. He musi. hire staff through the public service commission like other public service depart- ments. Mr. Henderson hns com- plained that this approach slews the hiring process t-.nd makes him dependent for his staff on one of the agencies that he au- dits. Mr. Drury said Mr. Hcnder- scri's office should be given as much independence as possible from the government, and sug- gested the committee come up with a formula that would give Mr. Henderson as much free- dom as possible and give his staff (he protection they now have under various public serv- ice labor relations acts. The roost likely follow-up from the committee report would be a motion from com- mittee chairman Alfred D. Hales to allow the committee to study a separate act. It would unanimous consent, to permit such a motion to be in- trcducM in the House. OAKLAND, Calif. (CP) Kaiser Resources Ltd. an- nounced Wednesday the elec- tion of Stephen A. Giard as president, chief executive offi- cer, director and a member of the executive committee of the j sirbsdiaiy of Kaiser Steel iccrp. j He succeeds C. Lee Emer- son, who submitted his resig- l iiation Wednesday after 30 i years with the Kaiser organi- zation. In other Kaiser Resources management actions at a meet- ing here, the Kaiser board elected Edgar F. Kaiser Jr., eldest son of industrialist Ed- gar F. Kaiser, as a director and executive vice-president of operations; Roland A. Kjelland as a director and executive vice- president, adrmnislration and finance; and Edgar F- Kaiser Sr. as a member of the execu- tive committee. Kaiser chairman Jack L. Ashby said Mr. Giard has 33 years experience in heavy con- struction and international business management, includ- ing 10 years as president of 2.87'M; July higher 280A; Oct. 1% hig'her 2.77's; Nov. 1 higher 2.76'AB. Rapeseed Vancouver: March '.'2 lower June Vt high- er Sep. lower '2.54; Nov. VI lower 2.55A. Rapeseed Thunder Bay: May higher July ligher B; Oct. and Nov. not open. Oats: May unchanged July and Oct. not cjxm. Barley: May unchanged 1.09W; July and Oct. not open. Rye: May 1 higher l.MVi July higher 991i; Oct- higher 1.01B. WINNIPEG (CP) Grain quotes Wednesday (basis Lake- Kaiser Jeep He and his two new executive vice-presi- dents have been reviewing the entire operations of Kaiser re- sources and will establish new corporate headquarters in Van- couver. Kaiser Resources owns coal deposits in eastern British Ccl- mined through open-pit operations for shipment to Ja- Flax May Jly Oct High Low Close 286'ri 276-% 285 >.i 275'1 Rapeseed Vancouver Mar Ifr.Va .Tun 255H1 Sep 255% Nov Rapeseed Thnnder Bay 277Vi 276 275% pan. Kssier Resources also nounced Wednesday the nations of three directors, C. Fred Bordcn, Robert G. Heers and C. A- Macilvalue. Mr. Ashby said Mr. Hccrs and Mr. Macilvaine now will devote full-time to their respon- sibilities with Kaiser Jorp. Mr. Emerson and Mr. Borden will continue as direc- tors of Kaiser Steel. Mr. Asiiby said the resigna tions of Mr. Emerson, Mr- Bor den, Mr. Heers and Mr. Macil vaine will enable Kaiser to pro- ceed wilh plans to appoin more Canadians. May Jly 249 2-13 Hi 248 242 Vz OTTAWA (CP) Wheat blamed for an outbreak of mer- cury poisoning in Iraq did not trade envoy has been assured by Iraq. The external affairs depart- ment said yesterday the assur- ance was given by the direc- tor-general of Iraq's grain board to F. I. Wood, commer- cial counsellor at the Canadian embassy in Beirut. Lebanon, where Mr. Wood visited Iraq last week. Th e director-general, whose name was not available, was said to have told Mr. Wood that "the wheat involved in (he out- break of mercury poisoning was not of Canadian and that Iraq had no com- plaint'; about Canadian grain which it imports. Reports from the area about two weeks ago said Canada was one of Ihe countries sus- pected as the source of the mercury-coated wheat. Hog prices EDMONTON (CP) Aver, age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonion: 28.00, average Wednesday 28.03. Red Deer: 24.10, aveivge j Wednesday 2C..1S. Calgaiy: 28.05, average Wed- nesday Lcthbridge: Nil, average Wednesday 28.05. Lloydminslcr: Nil. average weuiifsuny ti.'W. Grande Prairie: Nil, average Wednesday 27.00. Hogs sold to 11 a.m. 245, total hogs sold Wednesday average 28.08. Sows av- erage 20.05. Oct Nov Oats May Jly Oci Barley May Jly Oct Rye May H Jly' 01 Oct 101 Dividends By THE CANADIAN PRESS Agra Industries Ltd.. six cents April 15, record March 30. Maclean-Hunter Ltd., class A cents; class B 4 2-5 cents, both April 27, record April 14. P.c (Canada) Ltd, common 7ii cents; class A cents, belli May 1, record April TransCanada PipeLincs Ltd., second pfd. series A cents May I, record March 30. LEASE From your Franchisee! Car Dealer Betfer Service Facilities Regular Warranty Inspections Betler choice of modafi More Fiexibla leasing Plans Your lease