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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 29, 1972, Lethbridge, Alberta TORONTO (CP) _ Western oil issues on the Toronto stock market edged fractionally higher while prices in other major sectors dropped lower for the fourth consecutive session in light m i d -m o r n i n g trading today. The industrial index was up .35 to 198.12, golds .51 lo 175.C9 and base metals .09 lo 97.45. Western oils were up .10 to 224.74. Volume by II a.m. was shares, compared with at the same time Tuesday. DMlines otitnum'-xjred ad- vances to 93 with 185 issues unchanged. Banking, chemical, oil refin- ing, steel, (rust and loan and food processing stocks were among the biggest losers as 12 of the industrial index's 17 sub- groups moved lower. Communi- cation, merchandising, utility ard industrial mining issues cdecd fractionally higher. Stelco dropped -Is to Moere to Placer P't to Hanger "j to CifUM B 'i lo ?0 and Imperial Oil to Bank of Montreal fell !'s lo Bethlehem lo S227S, Rio Algom !s to 17si and Abi- tibi Vi to Among oils, Bow Valley was up "4 to Dome Pc-ic Is to 37 and Aquifaine !i to Electrohome rose to Canada Cement to Hud- son Bay Mining Vi to and Eel! to Ws. :rmcES DIP MONTREAL (CP) Prices dipped in all sectors in licht trading on the Montreal slock exchange today. On index, industrials were off .3H to 204.00, utilities .62 to M3.I4, banks 1.49 to 252.51. the composite .49 to 201.40 and pa- pers .07 to 83.01. Combined volume on tEio Montreal Stock Exchange, Shell Canada was off SI to S403i, Steel Canada >fe to SSO'i. Du Pont !j lo SM'i and Peoples Stores to SIBU. m gains, TransCanada Pipe- On the Canadian Stock change, Bcrncam International Industries was off >i to whilo Domco Ltd. was up to D.JA DOWN NEW YORK (AP) Profit- taking weighed (he slock mar- ket down toxiay in moderate trading. The noon Dow Jones average of 30 industrial stocks was down 4.21 to 932.80. Among Canadians, Dome Mines advanced 1 lo SCO, Hud- son's Bay Mining was up to 524% and Walker Goodcrham at and Genslar Ltd. al SMi both advanced 'j. Granby Min- ing declined to Interna- lional Nickel was off to and Mclnlyre Porcupine al H'i and Canadian Pacific al both declined On the American Slock Ex- change, Brascan Lid. at ind Preston at both declined Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dolicrly, McCtialg Limited) LAST BID OR SALE a.m. Quotes) a.m. auofes) WESTERN OILS 5.70 7.30 17.50 5-65 7.60 3.50 8 05 I 9.121 42. .57 Ashfand DP Oil Gal Can South Cdn Ex Gas Cdn Homesfd Cdn Ind Gas Cdn Super Cdn fe ByGeneFawcette THE REVJVAL OF OLD- FASHIOSED BLACK POWDER SHOCmNS COMES AUWIQUE WFLE USING TOY P1STOLCAPS ASPRWERS. THE EREECH- LOADER-IN.22, .36AND.44 ALSO USE Q7DIN- ARYLEADEHOT, WHICH WHEN RRED SQUEEZE INTO ELONGATED ROUND-NOSE BUU.ET5... Livestock Calgary livestock CALGARY (CP) Receipts on tlic Calgary livestock mar- ket (o Jl a.m., about head; a mixture of all classes and grades. Trade was active. Slaughter steers were 10 cenls higher; heifers were 25 cents higher; all grades of cows were 50 cents higher with sales to 28; bulls were steady. Choice slaughter steers S5 to 35.70, good 34 to 35, medium 32.50 to 34. Choice heifers 33.35 to ,34.30, good 32.25 to 33.25, medium 29.50 to 32.25. Good cows 27 to 28, medium 25 (o 27, canners and cutters 22 to 25. Medium bulls 27 to Replacement cattle were scarce and generally of poor quality. Good feeder steers more than 750 pounds 3-1.50 to 36.50 with lighter kinds higher. Medium feeder heifers 28 to 32. Hogs base price 27.75. Lambs sold Tuesday from 28.50 to 30. Chiirter Chledan Dome Pele Gl Plarm Gt Cdn Oil Lochlef North Cdn Oil Numac Pancdn Pete Pan Ocean Pelrcl Pinnacle Ptace Gas Ponder Ranger Scurry Rain Spooner Selbcns Ulster DecaHa Pel? MISCELLANEOUS INDUSTRIES Aquatafne 23.75 5-CO 10.25 33.00 5.90 1.5? 6.00 U 00 14.75 13.35 1.22 10.00 Oil n Husky Oil War Inter Prov Plpo Inlor Prov Res MGF Pacirre Pete Riilnlrr 5 and'.veil i Teledyne 485 Wesf Cdn Seed 5.87' YuVon Weslfleld 1.35 CALGARY AeroM .51 Darcni Oil .0-1 ftAddlson .13 Korlh .02 West Warntr .18 PIPE LINE STOCKS Alfa Gas A 53.75 Alia Gas Pfd 73.00 Aira Nat Gas 31.00 inland Nat Gai 1A.6J', N antf C Gas M and C Gas B 13.25 Pac Gas Trant Gai Metro Gai Melro A Trans Cda Plpa Trans Cda B s Cda s Cda Brfnco Cdn Brnw A Cdn Brew B Cdn Pacific Inv Crcwsnest Ind Cygnus A Cycinus B Falcon Copper Genslar Home A Homo B Hue! Bay Co Hud Day Oil Hud Bay Oil Pfd Hugh Russell Husky Oil Tran WC Trans V.'C Trans W1s MUTUAL FUMDS All Cdn Com 8.72 953 All Cdn Dlvid Venf 5.75 31.00 F 27.75 AGF Spcda Cdn In F 6C) Col 13.35 Ink 15.50 Cmnw Lev 31.50 Corp Inves! 33.67V3 Corp 41.50 Mutual Ac 4.30 ML'lua) Gr Nat Rci 9.50 N VI Fin 4.10 N Gr 2.30 Principal 31.75 Roylund Temp Gr J.30 United Ac 5.- t, 85 Universal Sav fl.C S.87V: Vanguard Sav 3.3 13-13Vz Cmnw Venl 7.: 1.35 VANCOUVER MINES 51 Anuk Arclic Wining Atlas Explor 02 Rath Norse Brenda Bryeon Churchill Copper Croyden DoIJy Fcrl Reliance Gian! Mascot Granlsfe LyIIon Minerals Primer Pyramid Silver Standard Texmtyit Valley Copper Res INDUSTRIALS 581 39 574 7.27 7-95 4.96 5.J5 >3.00 5J5 76-75 13.25 29 SO 10-37' .75 .37 555 8.25 10.25 1.5? .10 .36 9.73 10.61 Block B. 4.04 4.t4 B.C. Sugar 6-92 7.60 B.C. Sugar 3.J7 Cspl Inter 4.99 5.49 CreslbroK F Mari Brew 6.ES 7.52 Hys 14.38 InleJ 3-Oi 4.14 Inlei 604 Koy 522 Pacific 2 95 2 75 ______ Dreyfus F U.S. 13.32 Id.dO .13.25 Gr tn Shares 4-01 -U1 OILS 51.75 Gr Equity 7.J4 8-05 Albany Oil 2i.l2Vj Invest Gr F 13.23 Plains Pe1r> 17.61 V1! Invest Mutual 5-76 6.33 Explcf Cable television takeover urged C? OTTAWA (CP) A CBC takeover of Canadian cable (elc- vision systems proposed Toronto mines, industrials (Supplied By Richnrflson Securities of Canada) LAST BID OR SALE a.m. Ouoles) !IV.OO a.m. Queues) a.m. Quotes) MINES Acme Advocate Asb. 1. Akailcho Dralorna Broufan Bethlehem W.. Brunswick J.1 Ciissiar 3n' I Par. Chir Con we s I Ccns. Rambler Cochenour Craigmont DicXensofi Mines Dcnlscn Mines Deer Horn D'E'dcna Do.-ne Mines Aldona Discovery Mfnes Essl Malartlc Fast Sullivan Falccnbrirfge Frobcx F3fsr Marlllmes Giartt Y.K Uovls 1.67 1.15 7.50 2.DO .33 9.00 1.13 31.00 .50 Pine Pclnl Pfacer Dev. P.C Exp. Quebec Man Rayrock Rio Afgom Si.errlU Gortfan Silver Miller Sleep Rock Tek Corp. Texmcnt Upper Canada 37.75 2-EO .ll'.'j V2D Cable Fd of Amer Gt Ctfn Oil Gen AAotaJ-s Gl Lakes Pap ilf Oil Cda AMr Wright Wiltroy Windfall Yellowkntfe rgreavei 1-16 1.12 1.20 3.10 52.SO Abllibi Algorn ia Efccl tnd i Sugar i Ind -----nduc 4.go Headway R.L, 8.00 Bay M-S 24-50 Hydra Ex. .37 Iron BJiy 3.45 Bell Tel Brazil Trac B.C. Te! Burns B.C. Foresl B.C. Sugar Bow Valley CART Ind Ccfn Brew 17.37V? Greyhound 16.V3Va Sid Huron, Erie 3.41 Hiram 5.70 Imperial Oil Imperial Tob a.17 Int Nickel Int Pipe Inv Gp A In) Uiiltlles In-Just Accept Laurenfide Kelly Doug A Metro Stores Massey Ferg McMillan Btoa Moore Corp Alolsons A B Norlrt, Cent Power Corp Joliet Ouebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Watarlic Martin Maclnlyre ftlidrlm fnlern Mogul New New Alhona XV Horse Copper Norantfa Ncnhgate .23 Che. cell 10.50 8.67VJ .11 Col Cellulose Cal Power Ccron Credit C.W.N. Gas Ctfn Irdus! Cdn Marconi Cdn VIckers Chrysler i CPR Conr, 8s1ti Coni Gas Cdn. W.N, Gai Dist Sea Dom Bridge Dom Textile Dofaco AA.OO 14.17V 21.53 24-75 U15 2J.50 30-75 38.75 13.00 Rolhmans 18.03 72.00 6 W 27.75 e-i.15 33.25 19.00 13.00 365 2-..1S 13.67' 9.62" 7.25 St La Corp Shell CDA' Simpson's Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Union Car Woodward's A Cdn Sd Zenith' Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 5.00 20. 00 ?7.25 20.00 35.12'. 37.121 30.75 Monday by scientist Leon Katz. Dr. Katz, who lieattod a re- cent Science Council o[ Canada study on computer communica- tions, suggested to a symposium on communications ant! the home this might be a solution to the impact of cable TV on the Canadian television industry. In an interview later, lie said (hat subscribers to cahlc TV could obtain the programs (hey wished by dialling into a com- puter system. About 135 delegates are at- tending the symposium spon- sored by the Boyal Society of Canada. Dr. Katz, head of the Univer- sity of Saskatchewan physics department, told the symposium he expects computer systems will eventually become availa- ble to the ordinary citizen and the first use of computers in the home would be to provide enter- tainment. Dr. Katz said more than billion is spend annually in Can- ada to produce entertainment programs which reach only a small fraction of the potential audience because they are available only at certain times CRITICIZES CHTC A computer system could offer subscribers the programs they want when they want (hem. He said the Canadian Radio- Television Commission is mak- ing a "sad mistake" in its ap- proach to cable TV. "I think they are dividing cable tad broadcasting and placing them at each said. The CRTC said last year that U.S. stations carried on cable TV systems threaten the exist- ence of the Canadian broadcast- ing system. In July, the com- mission proposed a variety of ways ill which cable could pro- vide money to build up the Ca- nadian television programming industry. The CRTC has followed the Broadcasting Act of 1953 in re- garding cable TV as part of broadcasting. Dr. Katz said tha CRTC ap- proach would not allow the or- other's he derly development of services into the home. He suggested a variety of information could be stocked in computers allowing cable subscribers to get the in- formation they wished. prices slip L TORONTO (CP) Prices in all sectors of the Canadian bond market registered moderate de- clines last week. Tlie short end of the market lost about 2 cents, mid-term issues about H'i points, and long term issues about Mi points. Corporate issues lost more than two points. Trading during the week was light, even though dealers say some interest was sparked by the release of a million issue by the government of Can- ada Monday. It was in two ma- turities, the first part redeema- ble in one year and eight monllis. It had a 511-per-cent coupon and sold at SS95i to yield 5.5G per cent. The second "part had a five-year maturity with a G'.i-pcr-cent coupon and" sold at par. Hoyal Trust Co. Mortgage Corp. Ltd. Thursday floated a new million issue in two parts. The first part was a per cent issue redeemable May 1, 1978. It sold at S99.5 to yield 7.85 per cent. The second part was redeemable May 1, 1SS2, and had a eight-per-cent cou- wn. It sold at to yield 3.07 per cent. Also on Thursday was the re- .ease of a issue from Niagara Finance Co. Ltd, The ssue is redeemable April 17, 1992 and retractable to April 17 1977. It sold at par. Day-to-day money was availa- ble Friday at per cent, and three- and six-month bills were traded at 3.6 and 3.50 per cent, respectively. Water well drilling group seeks professional status Hog prices EDMONTON (CP) Aver- age prices to n a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: average Tuesday 27.C5. Red Deer: 27.90, average Tuesday Calgary: 27.75, average Tuesday 27.91. Lethhridge: No sales, aver- age Tuesday 27.85. Grande Prairie: No sales, av- erage Tuesday 20.83. Lloydminster: No sales, av- erage Tuesday 27.41. Total hogs sold Tuesday 88, average 27.77. Sows aver- ged 20.25. New York stocks (Supplied By Richardson Securities ol Canada) Be1h Steel Clirysler Coimal Dupcnt GM In! Harvester KEnn Copper -am; IB.WVa 33 SO 167 67 V3 33.50 Moolgomery Ward Sears 114.00 Sfd OH NJ. Texas Gulf ]IB.631.': Texas Co 30 "J5 Wickes Corp .15.00 NEW YORK AVERAGES 42.37V) 30 Indus! 932.BO off 421 Weslinqhouse Elec 20 Rails 257.97 I ?0 Golds 176.55 up .1 10 Base Met 97.38 off 15 W Oils off .J i Volume U.S. 3275 15 Ulililies 112.38 up ll.vy TORONTO AVERAGES 65 Slocks 321.71 off 1 04 30 Indust 197.52 cff .95 Volume A.WO.OOO Protest A-test CANDERRA (AP) Exter- nal Affairs Minister Nigel Bowen protested again Wednes- day at the French decision to resume atmospheric nuclear (osts in the Pacific this year, Bowen said the Australian gov- ernment had sent a note of pro- test to the French government. REPLACED BY A MAN GENOA, Italy (R cuter) Peru's woman coiisul in Genoa has been replaced by a man after falling victim within the last few' weeks to both attempt- ed rape and burglary. vSenora Eda Merino Rcyno, 31, was at- tacked Feb. H by four men, and days later a burglary oc- curred at the consultate. BED DEER (CP) The Al- terta Water Well Drilling Asso- ciation, seeking profession- al status within the industry, moved a step closer at the group's IStJi annual convention. supported a motion empowering the board cf direc- tors to name a commiltce lo meet government officials to instigate a certification and qualification program. Ths association has been striving for the last two years for implementation of legis] lion which would set cert a i standards for ceraticatibn water well drilling contractor The door was opened win Dr. E. E. Baiianlyne, depj minister cf ths department environment, told the drille "perhaps the time has come 1j, lower 1.02Vi; July 's higher SOU; Oct. higher l.WHjB Grain quotes Tuesday (basis High Low Close Flax ilay 283'2 2311s 2S3'i 271! 27 D-1 270 233'i 279-i the first issue of hog defi- j Jly ciency payment cheques this week, ttie agriculture depart- ment announced Tuesday. The department said claims will be processed in batches and there mil be intervals between cheque issues. The payment of a hog, up Jly Oct _ Rapcsced Vancouver Mar 282 fun 23Cti 5ep 25S 255 Rapeseed Thunder Bay Jay 276 232 253'i 25013 25G Lo a maximum is paid to producers of hogs with a car- cass quality index of 100 or higher. Claim forms must be accompanied by carcass grad- ing certificates. Oct Rye May NW INVESTMENTS ITD. NW EQUITY FUND LTD. NW GROWTH FUND LTD. NW FINANCIAL FUND LTD. For a confidential discussion call or wrte DICK BATEMAN, 609 10 St. S., Lolhbridcje Jly Oct PROVINCE OF ALBERTA APPOINTMENTS MR. C. G. DAVEY MR. FRED SPARROW The Provincial Treasurer, the Hon. Gordon Minielv; announces the appointment of Mr. C.G. Djvcy, Superintendent of Treasury Branches, as Assistant Deputy Provincial Treasurer Branches, and Mr. F. Sparrow, Manager of the Edmonton Main Branch, Edmonton, as Superintendent of Treasury Branches, Mr. Davey joined the Treasury Branches in 1939 prior to which he had been employed with the Canadian Bank of Commerce for 10 years. He has been 1ha Superintendent since April 1957. Mr. Sparrow joined the Treasury Branches in T949 and has served in many Branches throughout the Province. He has been Manager of the Edmonton Main Branch since 19G8. ;