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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 28, 1973, Lethbridge, Alberta t THE UTHBRIDGE HERALD We.Jn.jdoy, Mauri 21, 1 Top TSE stocks up in active trading TORONTO (CP) Gold is- sues drifted fractionally lower while prices in other major sec- tors of the Toronto stock mar- ket moved higher in a dive mid- morning trading today. The industrial index, consid- ered the major Indicator of market direction, rose .79 to 223.59, base metals .05 to 100.49 arid western oils 2.19 to 247.95. Golds were down 1.53 to 226.89. Volume by 11 a.m. was 000 shares, up from shares at the same time Tues- day. Advances outnumbered de- clines by more than three-lo- one, 209 to 63, with 174 issues unchanged. Beverage, oil refining, real and merchandising issues posted some of the largest gains while food processing and util- ity stocks turned lower. Among gold issues, Sigma lost 1 to and Dome Mines V: to Shell Canada was up to 55, Maclaren Power A 1 to herritt Va to Chieftain 'lift and Alliance Building 4 to Imperial Oil gained to Atco Industries H to nd lludson Bay Mining ft to United Siscoe dropped sents to Canadian Home- tead 30 cents to tclntyre y4 to mission seeks suppliers TORONTO (CP) Canadian suppliers of food products, tex- tiles, printing and vacuum plat- ing machinery ate being sought by a Hong Kong trade mission, its officials said here. The 13-company group has al- ready visited Vancouver ant "Montreal and will be in Toronto for one week. A spokesman said Hong Kong exports to Canada during the first nine months of 1972 rose 12 per cent from a year earlier to million. Re-exports of as sembled good amounted to an other million. Imports into Hong Kong from Canada were million Main Canadian items to the Crown colony were paper and paperboard, aluminum and re- generated and cellulose pias materials. GORDO'ITIMPSON Norman Af. Lock, President of Safeway Shelter Systems Ltd. announces the appoint- ment of Mr. Gordon Timpson. us Plant Manager. Mr. Tirnpson will be responsible for alt operations at the company's factory at Claresholm. which, is one of the largest, manufacturing plants in. Canada forfhcproduction of jnobite housing and industrial shelter units. MONTREAL (CP) All sec ore advanced in heavy trading n the Montreal stock marke oday. Combined volume on the Mon real and Canadian stock ex badges at 11 a.m. was liares, compared with hares at the same time Tues lay. Banks gained 1.35 to 269.17, ndustrials 1.14 to 243.58, the composite 1.05 to 230.49, papers 67 to 122.43 and ulilities .55 lo 61.41. On the Montreal Stock Ex- change, MICC Investment m to Gulf Oil of ianada to SWii, Credit For.- cier Ts to and Shell Canada to while General Mo- ors fell to On the Canadian Stock Ex- change, St. Lawrence Diver- sified was up 10 cents to on shares. No relief ixpected in meat prices By THE ASSOCIATED PRESS Will lower prices for hogs and cattle at the slaughterhouse mean cheaper meat on the con- sumer's table? Many buyers and livestock executives in the mtdwcstern United States don't think so, Hog prices at major markets plummeted Tuesday, giving rise to consumer hopes that there may be some price relief. A threatened U.S.-wide boycott of the meat counter for the iirst week of April and the meatless Tuesdays advocated by some consumer groups have added an unknown clement to the mar- ket, say market operators. At the Central Iowa Stock' yards in Webster City, where hogs were to a hun- dredweight lower Tuesday; gen- eral manager Jerry Struck said: "The national boycott seems to be getting a little steam up." The director of th e American Meat Institute, Allen Johnson said the consumer boycott is adding confusion to the market "But it's probably more psy chological than he added NEW YORK (AP) Stock market prices began the day sharply upward but by noon leveled off in fairly active trad- jig as profit takers moved in alter a steady price climb that began Monday. The noon Dow Jones average of 30 industrials was off 3.76 to 341.15, compared "with the figure, which was up 5.35 to 950.26, and Tuesday's close, up 17.01 to 944.91, the highest single day gain since Nov. 26, 1971. Advances held a slim margin over gains on the NYSE. Among Canadians, Mclntyri was down iVz to Dome Mines to Seagrams Vi to and Inco to On the American exchange, Canadian Javelin dropped Va to Quebecor rose s.'a to New record price set at bull sale EDMONTON (CP) An av- erage price of was paid for 132 horned hereford bulls at the Canadian Western Livestock Show and Sale Tues day, breaking the record o for 82 horned bulls in th 1951 sale. The grand champion here ford bull, a March, 1971, entrj frcm J. B. Peyre and Sons o High Prairie, was the highest- selling animal, going for August Cappclle of Gunn picked up the second bes price of the day when hi March, 1970, entry brought 325. A. Mafejka and Sons from Ponoka, saw their reserv grand champion two year ol bull bring Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied bj Dohtrty. McCnalg Limited) LAST BID OR SALE Oil sands to produce billion investment Quotes) a.m. QUOTH) i.m, QucltO WESTERN OILS AND MIKES Alia East Gai All Cdn VenT Amr Gr F AGF Special Cdn in veil f Cmnsv Inter Cmnw Lev Cmnw VerJ Ccrp Invest Corp In Si B.20 N Cdr. 10.37V] N W Gr Principal Of Roy fund 30.00 Temp Gr 13.75 United Ac 31.51 Universal Sav 11.Co Vanguard Livestock Lethbrtdge Livestock (Supplied by Canada Department of Agriculture) On offer to a.m. 280 aftte. Receipts mostly slaughter attic. Tirade moderately ac- ve. Slaughter steers and rs meeting only fair demand, rices 50 cents lower. All class- s of cows under pressure, rices to lower with >dd heifrey kinds up to 35.50. iulis or moTe lower. Mecli- m and good heavy feeder teers weak to 50 cents lower. A 1 and A2 steers 42 to 43.40. Al, A2, A3 heifers 40 to 41.20. Dlf D2 cows 31.EO to 33.50; 3 29 to IM 26 to Good heavy feeder steers iver 750 Ibs. 42 to 45. Butcher hogs sold Tuesday Lethbridge 43 to 45 base price, Catqary livestock CALGARY CCP) Receipts the Calgary livestock mar- ket to 11 a.m. today totalled ,300 head, iriostly slaughter iteers. Trade was moderate. All slaughter classes were ower with steers down 25 to 50 cents, heifers 75 cents lower, cows lower and no bulls of- :ered. Al, A2 steers 42.25 to 43.20, A3 41 to 42.25. Al, A2 heifers 10.75 to 41.80, A3 39.50 to 40.75. Dl, D2 cows 33 to 34 with rounger kinds higher, 32 to 33, D4 28 to 32. Replacement cattle were in short supply with the offering argely feeder steers more .han 900 pounds selling 41.75 to 43, Hogs base price 41.45. CrestbrooV: ind 9.00 Crowsncst Ind 24.75 Cygnui A 7-75 Almlnflx 6.10 B 7.75 Asamera Fatcon Copper 13.75 Ashland 13.87W F and M 1rvs> 7.2S BP Canada 17.00 Genslar 17.00 Brenda Writs 5.10 Home A 42.00 Can Soulh J.7J Home B Cdn Ex Gas 4.00 Hud Bay Co 2M7W Cdn Homeitd Hud Bay Oil Ind Gas Oil P.W Hud Bay A Pfrf Ccfn Long Is .30 Hygri Russell 42.50 Cdn Super 53.00 Husky Oil 20.13V. Charier J.OO Husky oil B Pfil iUVft Mutual Of ChlfiHan Husky D War 6.75 Nat Dome Husky E War Dynasty 9.B5 Inter Prov Pipe Fort .31 inler Prov Giant MaicoT 3.60 Kaiser Res Granlsle 9.7S Loblaw C PFd Gt plains 34.00 Magnasonlcs Gt Cdn Oil 5 B.55 Pacific Pete Loehlcf Air Lyfton Mtrt l.SO Rainier Noble Roysl Truit 26X0 Ncrlh Cdn 01 f 4.75 SI. Alan rice Cap 1.10 Nurrisc Ssndwell -UO Pancdn Pete 15.75 Teledyne 4.80 15.75 Weil Cdn Seed S.CO Pfiffol 1.31 WuMtetd Win 1.30 .20 A Pfd W.35 Place Gas Yufcco M.iaVi Ponder ,41 pipE LINE STOCKS Ringer 77.25 Alia Gas A 16.35 Scurry Rain 16.75 Alfa Gas Pfd 75.00 Seltens Alta Hal Gas .50 Inland Nat Gas II.BJW 7.0? N and C Gas 1.01 N and C B Pld Pacific Trans Gar Welro Raz Metro A Trans Cda Pipe Tr Cda A Pfd Tr Cda B Pld Tr Cda War WC Trans VVC Trans Dreylui F U.S. 13.16 Gr In Shares Gr Eqully Invest Gr F Invest Muiual CALGARY Barons Oil Mtwth ConHne-ntal Wei fern Warner VANCOUVER fAINES Alien Atlas Explor Croyden 13.88 6.57 6.29 4.9; 8A5 6.26 5.J1 5.95 4.9J 7.00 7.S8 9.36 10.15 5.44 5.73 8.22 9.04 7.37 7.9i By GARRY FAIUBA1RN OTPAWA CCF) Develop- ment of Alberta's Athabasca oil siinds over the next SO years produce more than bil- lion in investment and almost permanent jobs, accord- ing to estimates made today by an Edmonton oil consultant. Harold Page, president of .63 Grain prices Winnipeg grain WINNIPEG (CP) Rape- seed moved slightly lower in liquidation at mid-session today on t'.ii Winnipeg Commodity Exchange. Vancouver rapeseed was Total Pete Ulster West Pc1e W. S MTSCKLLANEOUS INDUSTRIES Acres Ltd Aaultalne 8C Suaar Pfd Bloclc arcs. Cdn Brev; A Cdn Brew B Cdn Pacific Inv 16.75 tt.W 15.50 3.00 6.00 27.2S 37.00 30.75 Vartlen .M Equltorial .W Lwnex 50 2O71'j Primer 23 Pyramid ,w 4.58 Sliver Standard ,72 Valley 9.75 INDUSTRIALS 7525 Caot Inter UBS 41.35 Cclumbla Brew 3.25 10 Do Hys Cdn 0.00 OILS .'.00 Albany Otis 1.U MUTUAL FUKDS Plains Pele .26 All Cdn Com 7.B7 8.40 Stampede .60 All CtJri Divld 8.47 9.18 West Explor .07 Toronto mines, industrials (Snpplied B; Ricfcsrdson Secnrllles o( Canada) LAST BID OR SALE MINES Acme Atlvocaffi Asb. AXailcho Brunswick Can. Land Canada Ttfng. Cassiar Central Pal. Cnlrro Conv.'e5t Cons. Rambler Coin ccchencur Cralgmont DickenSDfi FAinas Denisw Wines Deer Horn D'Eldona Wines 35.25 K.OO 3.13 .11 1.7.3 13.75 1.30 1.25 7.15 nfsrovery Mires East East Sullivan Falconbrfrfge Frobex First MarUimei Giant Y.K. Granduc 3J.50 -05W .45 77.CO r.m. Norlex Osliko Pine Pcinl Placer Dev. P.C, Exp. Quebec Rayrcck Radiore Rio Algo-n Roman Corp. Sherriff Gordon Steep Rock ___ Tek Core 4.CO Tex men I .29 Upper Canada 3.EO Westera Mines 3.70 i Hargreaves 1.15 Wlliroy l.oa .11 Yellcwknife Bear 3.5S Ill'.M t.m. G Cable Glendale Grt Cdn Oil Gen Waters Grt Lakes Pp Gulf Oil Cda Greyhound Sid Hur Erie Hiram Walker 17.1214 Imp Oil INDUSTRIALS Int Nickel Inf Pipe Inv Grp A Int Ulil Ind Accept Kaps Kelly Daug A Lot lav.- A 10.12VJ 8.75 71.00 22.00 J4.SO 19.42W 4.35 50.2S 42.37'A l.W Alqcma Steel AIco Ind 3.00 Atlantic Sugar Agra Ind Tel Brazil Trac T.SO B.C. Tele 3.90 Burns -f-i-SO B.C. Torest Bay M-S 23.43Vi B.C. Sugar Bow Val Hog prices EDMONTON (CP) Aver- age price to 11 a.m. today pro- vided by the Alberta Hog Pro- ducers Marketing Board. Edmonton: 41.45, average Tu- j cigy 43.80. I Calgary: 41.45, average Tu- esday 43.65. Lethhridge: No sales, aver- age Tuesday 43.48. Fort Macleod: No sales, av- erage Tuesday 43.50. Total hogs sold Tuesday II, 744, average 43.68, sows aver- age 35.60. HudK' Hydr.1 E; Bovis Iron Bay Iso Jcllet Quebec Kerr Adtllson Key An a con Labrador Lake Shorn Langls Silver Madsen RL.. Malnrllc G.F. AAaclfiWre Weta Mldrlm Mogul fJu Homes New Alhona New Calumet W. Horse Copper Kcranda Norlhgate -24 Cct Cell Calgary Power .25 Coroa Credil C.W.M. Gas Pfd ll.SU 2-85 Cdn IntJ .C4 Cdn Marconi Cdn Vlcksrs .84 Chryster -17 C.P.R. Xi.oo Ccminco Cons Bath Cons Gas 13.75 Dist Seagrami 10.50 Dom Bridge .18 Domlar .IWi Dom 3.70 Dom Stores 50.M Dome Peto 5.70 Dofasco 11.25 Met Stftre? Maiey Fera McWITan Bice Mcore Corp 6.00 A 12.50 Mtl sons B 43.87'A Warlh E, Cent Power Corp 55.00 Price Co 19.00 Rothmans 33.75 St. Law Ccrp 28.25 Shell CDA 33.71 Simpson's ll.Uvi Slmn Sears Steel of Cda 4.20 Selkirk A Texaco 27.75 Traders Grp A 1.75 Trans Win Pp Trans Cda Pp Union Gas Union Oil Versalile Mfg M.Wfc Wesleel 18.JO Union Carb 31.75 B WAWi A 14.75 West Cdn Seed 40.2S Elec 31.00 l UAKKS 30-37V3 Cdn Imp 9.K) 16.55 Nova Scotia 41.00 Royal 26.12Va Tor-Doai 10.75 ?3.75 18.2S 11.50 8.25 J.en fi.25 22.50 53.00 31.75 12.75 27.1J.V3 11.50 12.25 16.12VJ 19.JO 32.00 53.00 33.75 1J.M M.12Vi 40.50 11.62ya li.ffl 7.1 2V> M.25 17.00 21.75 29.75 4.00 29 19.75 35.25 35.25 33.62Vi unchanged in the cash mmth and 2 cents in new crop futures. Thunder Bay con- tracts were three cents lower in the nearbys and about a cent lower in deferred months. Plax was one to eight cents lower in. liquidation and inter- mc-nth spreading. Rye was active and modest- ly higher. was unsteady in light trading while barley was active and mixed. Tuesay's volume was 000 bushels of flax. bu- shels of rye and bushels of rapeseed. Mid-session prices: Flax: May 2 lower 4.15B; July S lower 4.08 Oct. 2 lower 4.M %B, Nov. 1 lower 3.97A. Rapeseed Vancouver: March unchanged 3.77A; June 2% lower 3.69 Sep. 1 low- er 3.65 M-A; Nov. 2 Vfc lower 3.48 Rapsseed Thunder Bay: May 3 Vi lower 3.18; July 2 y4 low- er 3.49A; Oct. 1 Vt. lower 3.37A; Nov. rot open. Oats: May lower 1.13 July 5 lower 1.04 %A; Oct. and Dec. no" Barley: May Va higher 1.49 July unchanged 1.48 TaA; Oct. Vi lower Dec. not open. Rye: May 1 higher 1.43A; July 7fe higher 3.44 Oct. 1 Hydro-Carb Consultants Lid., spent two hours describing the vast potential of Hie Athabasca oil sands in northeast Alberta lo the Commons resources tommiltee. He said 40 billion barrels of hydrocarbon that can be converted into be recovered from the oil sands through present open-pit mining technology. That was five times the total established remaining reserves of conventional Al- berta oil. Mr. Page forecast construc- tion of eight processing plants at a rate of one every three years beginning in 1S78. Build- ing plants faster than one every two possibility put for- ward by some Alberta govern- ment and National Energy Board be impractical, he said. MAKE JOBS EACH Each plant would produce barrels of synthetic crude oil a day, provide permanent jobs and require ?600 million investment. He said each job created at the plants would mean six jobs created elsewhere anil each dol- lar of direct investment would Syncrude Ltd., t consortium of four U.S. corporations, his received permission to build barrel-a-day plant on lha oil sands about 30 miles north of Fort McMurray. MORE POSSIBLE Mr. Page said that tech- nological development within five or 10 years should make it possible to recover 278 billion barrels more bitumen. Total bitumen throughout Alberta were 710 bl- lion harries, 88 per cent of it in tba Athabasca field. He said the 278 billion barrels would be enough to produce tvjp million barrels a day of syn- thetic crude oil for 200 yeariS. Total Canadian production ntfy is about two million barrels day. The oil sands potential could be a major factor in coming National Energy Board hear- ings on how much oil Canada can spare for export. The oil industry hopes to con- vince the board that it shoulrl consider the oil sands' bitumen as established reserves within economic reach and thus in- clude the bitumen in Canada's Neiv Yorfe stocks (Supplied By RicIiarfKnn Securities o! Cannon) liigher 1.43 open. High lligli Flal May Jly 312ii Oct 410Vb Nov 400 396 Dec. not Close 308 Vi mean three dollars of other in- vestment. With proper planning, a great deal ot these indirect benefits can go to Canadian firms, he said. Peter Bawden an oil-industry million- aire, said there could be 30 plants, employing people directly. Mr. Page said more than eight plants is "quite prob- able." Applying Mr. Page's multi- plier estimates to Mr. Bawden's figures produces a figure for in- vestment of billion and for jobs ol There now is only one plant working on the oil Canadian Oil Sands Ltd. (GCOS) has a day plant 23 miles north ot Port McMurray. Mr. Page is a former vice- president of GCOS and of its owner, Sun Oil Ltd. of Phila- delphia. llajiesccd Vancouver Mar 37914 378 377 Jun 370 371% Sep 367 3fi7 Nov 357 350 35 L Kapested Thunder Bay May 354 350% 351V.1 Jly 351Vi 35M'4 Oct 338 338% Amr T and T Anaconda Betn Steel Chrysler Dupsnt GM Gulf Int Harvester Kenn copper 51.75 Sears 20 Golds 225.34 off 3 C4 32.25 Std Ol! ol N.J. 93.00 10 Base Me! IK) 35 up 3S 29.50 X-Ron 37.50 15 W Oils 246.76 up 1 03 33.50 Texas Co 38.50 Volume iSS YORK AVERAGES Westinghouse Elec 30 Indwt 941.15 off 3.76 24.75 U.S. Steel 32.CO 20 Rails 196.34 oft 1.12 32.62VJ Gsn Tel Elec. 28.00 15 Ulllllies 107.84 oil .OS 57.75 TORONTO AVERAGES '65 Slocks 297.77 off 1.15 Montgomery 21.50 20 Indust 723.17 up ,37 Volume Nov Oats May H4Vj Jly 109T'8 Oct 104-% Dec----- llarley May Jly Oct Doc Rye May 316 149 Oct Dec 142 144 142 109 108'i 103Ts 148'A 34BTi 133 13814 )39 10t 142 144 142 138 Alberta gets unexpected million EDMONTON (CP) Alber- ta mil get an unexpected million more for a total of million through last year's increases on crude oil royalties, Mines and Minerals Minister Bill Dickie told a leg- islature budget sub-committee. He said price and production increases will generate an add- ed million more in provin- cial revenue above last year's projected million income. Under the new provincial oil royalty plan, oil producers have the option of paying roy- alties up to 25 per cent or pay- ing a new oil reserve lax and the old 16 2-3 per cant oil roy- alty. reserves, permitting unrestrict- ed oil exports. Mr. Page was called as a wit- ness by the Conservatives, who have several Alberta MPs on the committee. ALMOST PROFITABLE Mr. Page said the GCOS plant, which has been in oper- ation for four years, is about at the break-even point. He estimated that in profit terms, a price of to a barrel for oil "would certainly enhance its attractiveness." He said present oil prices are about. a barrel, with GCOS oil bringing because it is partially relined and of higher quality than conventional crude il. Asked whether the Alberta government is holding back oil sands development by not ex- tending royally rebates fo GCOS and not putting forward a policy on oil sands develop- ment, Mr. Page replied: "I do not feel that there are any specific restraints at the moment on the provincial scene." He called for co-ordinated planning of oil sands develop- ment and community growth nearby, plus more research into extraction and waste-disposal processes. Gold futures WtNNIPEG (CP) Gold futures, U.S. funds, Winnipeg Commodity Exchange close Tuesday. Apr 73 88.0013; Jly 73 8MOB; Oet 73 D1.10B; Jan 74 92.G5B; Apr 74 93.12B. Monday's volume: No con- traclh. Beef futures WINNIPEG (CP) Live beef futures close Tuesday. May 43.90A; Jly 43.00A; Sep 42.00N; Nov 40.55N. Monday's volume: Eight con- tracts. CAREERS r WANTED: OPEN PIT MECHANICAL SHIFT BOSS Shern'lt Gordon has fin immediate opening for on experienced mechanical shift boss for open pit ot Rutlan Mine ir> northern Manitoba, Must ablo to supervise a of mechanics in the maintenance ond repair of 60 R rotary drills, 1900 P and H electric shovel, WABCO Haul pak trixks and caterpillar support equipment. Usual company benfils. Apply in with career resumo to: EMPLOYMENT SUPERVISOR SHERRITT GORDON MINES LIMITED LYNN LAKE, MANITOBA ROB OWO f J SHCRRI CORDON MINES LIMITED Statement of FACT by the Southern Alberta School Authorities Association Yeort of of 1972 offer Demand Medicine Hat Settlement School Division Central Alberta SAA Settlement of 13 Settlements 10 8950 9650 700 9800 850 9700 9650 9675 9604 10 8500 9150 650 9300 800 9200 9150 9150 9309 10 7950 8600 650 8700 750 8700 8650 8625 8631 10 6500 6900 400 7100 600 6750 7000 7250 7052 10 5700 6000 300 6200 500 5800 6100 6250 6115 9524 10 4900 5200 300 5200 300 4900 5400 5900 5284 8238 The Trustees of the Southern Alberta School Authorities Association Sincerely Believe their Offer to be FAIR and REASONABLE. THIS ADVERTISEMENT INSERTED BY SOUTHERN SCHOOL AUTHORITIES ASSOCIATION ;