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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - March 30, 1971, Lethbridge, Alberta Tuesday, March 30, 1*71 - THI IfTHBRIDOl HERAID - ft 1H MMiSS X I l\AM i: prices up fractionally TORONTO (CP) - The Toronto stock market was mixed to fractionally higher in active mid-morning trading today. On index, industrials were up .20 to 183.29, golds .42 to 193.62 and base metals .16 to 97.10. Western oils lost .86 to 207.58. Volume by .11 a.m. was one million snares, up from 814,000 at the same time Monday. Gains outnumbered losses 128 to 92 with 176 issues unchanged. Crown Trust was up % to $12, United Funds Management % to 118%, Nuwest Homes Va to $8^, Guaranty Trust V* to $11%, Simpsons V\ to $19% and TransCanada Pipelines V* to $33. Dome Mines rose % to $69%, Hudson Bay Mining % to $23%, Dynasty 20 cents to $6.15, Pan Ocean % to $17, Houston 12 cents to $2.73, Siebens 10 cents to $7.10 and Canada Southern Pete 10 cents to $3.10. International Utilities lost % to $42%, Husky Oil % to $18%, Famous Players V* to $9%, Northgate 25 cents to $9.30, Opemiska % to $11% and Ranger V4 to $13%. FEEBLE TRADE MONTREAL (CP) - Prices rose cautiously in all sectors in feeble trading on the Montreal stock market today. On index, industrials gained .23 to 184.03, utilities .03 to 1S4.SS, banks, .40 to 194.2S, composite .21 to 180.01 and papers .18 to 86.15. By 11 a.m., 338,100 shares were traded. Falconbridge was up $1% to $144, Denison Mines % to $28%, National Drug % to $7%, Rio Algom % to $20%, Pacific Petroleum % to $30% and Bollinger Mines % to $39y8. International Utilities dropped Vi to $43, Walker-Gooderham % to $36% and Canron % to $17%. Off Vi each were Abitibi at $6% Calgary Power at $27%, Union Carbide at $16% and Consoli-dated-Batburst at $9%. DJA UP NEW YORK (AP) - Stock market prices edged up and down in moderate trading this morning. The noon Dow Jones average of 30 industrial stocks was up 0.47 at 903.95. Advances held a narrow lead over declines on the New York Stock Exchange. Mclntyre Porcupine was up 1% to $147% and Walker-Good-erham up % to $39%. Dome Mines was ahead % at $69. Off % were Canadian Pacific, at $64%, and Distillers Seagrams, at $55%. On the American Stock Ex-change, Molybdenite Canada was off 3-16 at $3.25. Grain price review Winnipeg Grain Prices WINNIPEG (CP) - Liquids Hon pressure in all commodities except flax appeared at mid-session on toe Winnipeg Grain Exchange today and prices were as much as 3% cents lower. In flax, prices were fractionally lower in light local trade. Trade Was generally slow and volume light. Monday's volume of trade was 675,000 bushels of flax, 1,' 418,000 of rapeseed, 225,000 of rye. Mid-session prices Flax: May % lower 2.54%, July unchanged 2.54%, Oct. % higher 2.57%, Nov. % lower 2.56%. Rapeseed Vancouver: March 3 lower 3.56, May 3% lower 3.36, July 2% lower 2.79%, Sept. 2 lower 2.72. Rapeseed Thunder Bay Million U.S. women may have gonorrhea SAN FRANCISCO (AP) - A health official says a million or more women in the United States unknowingly may have gonorrhea. The chief of venereal disease control of the California public health department, Dr. Warren Keterer, told a VD seminar here that the growth of infection in California now makes the use of prophylactic products the on ly hope for effective control. Dr. Keterer said that in some urban sections of California at least 20 per cent of all high school students will have venereal disease before they get diplomas. He urged druggists to support proposals to give instruction in schools on VD prevention. Irrigation Equipment SPECIAL 54 Mile 4" x 40' USED LATERAL LINE WITH END RISERS AND MAJOR COUPLERS Very good condition. PRICED TO SELL $1,198.00 GOOD USED MAINLINE ALSO AVAILABLE AT ATTRACTIVE PRICES Wo uw tho bott ALCAN aluminum tubing. Major Irrigation Co. 2125 2nd Avenuo South PHONES 327-5455, 327.5525 April 3% lower 2.90%, June 1% lower 2.88V4, Oct. 2% lower 2.67 Vi, Dec. not open. Oats: May 2% lower 77, July, Oct., Dec. not open. Barley: May 1% lower 1.26**, July 1V4 lower 1.25, Oct. % lower 1.18, Dec. not open. Rye: May 2% lower 1.11%, July % lower 1.08%, Oct. 1 lower 1.05%, Dec. not open. Prices Monday for class two wheat for export to countries outside IGA: 1 Nor 1.80%; 2 1.78%; 3 1.74%; 4 1.71%; 1 durum 1.7W4; 2 1.76y WISTIRN OILS Hugh Rusitll Alta East 4.75 Husky oil Almlntx 4.10 Husky oil B Asatnara 20.87'A Husky oil War 6.4s Infer Prov Pipe 5.15 Intl Utn Pfd 4.45 Inter Steel Pipe 1075 Jefferson Lake 7.90 Joutel 14.50 Kaiser Res 11.00 Kern Kotla .00 L Ont Port Cem 39.37V} MOF Manage U.371/1 Mentor 4.30 Newconex 7.75 Pacific Pete 07.00 Rank Orp 1.04 Selk Hold 4.45 Shell inv 33.J7VJ Shell Inv Pfd 1.25 Shell Inv Wts BP Oil Gas Can South Cdn Ex Gas Ashland Cdn Homestd Cdn Home Pfd Cdn Ind Gas Oil Cdn Long It Cdn Super Can Del Rio Charter Chleffen Dome Pete Dynamic Pete Total Pete Gt Plains Lochlel Mill City New Cont North Cdn Oil Numae Pernio Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner W. Decalta MISCILLANBOUS INDUSTRIALS .m. 21.00 Cmnw Inter 12.98 14.22 16.37(4 Cmnw Lev 3.37 3.69 44.00 Corp Invest 5.50 6.02 (.00 Corp In S F 4.99 5.45 12.W14 Deryfus F U.S. 12.47 13.67 4B.25 Gr Equity 6.23 6.84 7.75 Gr In Shares 3.42 3.76 Invest Gr Invest Mutual Mutual Ac Mvtu�\ Gr *> Nat Res N W Finance N W Gr Principal Gr Rovfund to mi/. United Ac i� Universal Sav 12.50 T#mp erBwfh 10.75 .86 6.S0 1.22 2.75 2.25 1.10 5.55 30.00 11.06 12.09 5.36 5.86 5.35 5.3* 7.42 4.56 5.35 4.23 5.57 4.80 7.27 S.88 5 92 �:n S.01 5.88 4.65 5.74 5.77 7.99 VANCOUVIR 1.50 .75 7.40 7.50 .63 1.32 .64 1.39 57 Sicks VRalnUr ~ dyne Agra Ateo Ind Aquatalne Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B . Cum Prop Gt Cdn Oil S Gt Cdn Oil 4-75 Home A Home B Horn* Plffld Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd Teledyl West Cdn Seed White Yukon CALOARY Acroll Ana Pete Barons Oil �.,�. Nor,h Conf 13.J7i/i Plains Pete af& WMt Warner '70 Madison 635 Rexdale PIPILINR STOCKS Ajta Gas Tr L A 50.50 35.25 Arctic Mining Atlas Explor J.S0 Beth Copper 3.90 Block Bros 15.25 Brenda B.C. Sugar ,�2 B.C. Sugar Pfd ,50 Capt Inter z x n5,�, Churchill Copper � Col Cellulose M Coronation Credit 25.61 27.99 48 Crestbrook Croyden F Ind .16 Dolly Varden Dynasty Fort Reliance 8.37'A Alta Gas i'r Pfd 9.00 Alta Nat Gat 25.87ft Cdn W Nat Gat 5.75 'nland Nat Gat 32.50 M ant' C 37.00 N and C B Pfd S'cmP Oat Tr 25.25 Jjez Metro 25.00 lTr Cdn Pipe ^WrCCT?.,P,W�r loom W^ern Pacific 27 25 *f.2UJU*i- 'UNDS ��rr IS *.00 Cdn Invest F 5.� ... 6l�nt Mascot 75.62tt Granlsle 24 75 Key Indusf 17.25 Growers B 12.75 Bathurst 14.8714 Hys 32.25 Interior Brew 1400 Jericho 5.37V4 Kamloops Copper 62.75 Lornex Lytfon Minerals New Cronln New Imp Mines Okanagan Hellcop Primer Pyramid Silver Standard Texmont 8.75 Trolan 9.97 Western Mines 3.92 WC Res 6.14 Western Explor A 1.40 6.50 .am .34 5.00 57 4.50 12.87ft .25 3.25 1.68 2.35 4.85 .15 .11 9.00 2.05 .12ft 1.47 4.75 .13 .35 1.78 .70 33 3.70 .12ft .23 .64 Toronto mines* industrials (11:0 Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) m:00 a.m. Quotet) (11:00 a.m. Quo!at) MINIS Acme Advocate Asb. Akaltcho Area Mines Black Bay Bralorna Broulan Bethlehem Brunswick Canada Tung. Casslar Central Pat. Chlmo Con west Cons. Rambler Coin Lake Cochenour Cralgmont 5 Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalds Discovery Mines East Malartlc East Sullivan Falconbridge Frobex First Marltlmes Giant Y.K. Bovls Grandue Headway R.L. Holllnger Hudson Bay M-S Hydra Ex Highland Bell Iron Bay ISO Jollet Quebec Key Anacon Labrador Lake Shore Leltch Langls Silver Madsen R.L. Malartlc G.F. Martin McNetly Maybrun Mactntyre Meta Mldrlm Intern Mogul New Athona New Calumet New Imperial Noranda .06ft Northgatt Opemiska a. 35 .52 Oslsko 1.66 Patlno .06 Pine Point 2.05 P.C. Exp. .25 Quebec Man 18.00 Rayrock 6.10 Radlore 2.60 Rio Algom 23.62ft Roman Corp. 2.50 Sllverflelds 1.50 Sherrltt Gordon 10.12ft Silver Miller 2.50 Steep Rock .14 Slscoa , .42 Tek Corp. * 9.15 Texmont 1.40 Upper Canada 28.75 Western Mines .08 Wright Har. .80 Wlllroy 68.75 Windfall .16 Yellowknlfe Br. . 1.10 Zenmac 1.10 INDUSTRIALS 3.70 Abltlbl 144.00 Alean .26 Atgoma Steel 1.25 Atco Ind 10.75 Atlan Sugar 2.30 Bell Tel 8.00 Brazil Trac 9.00 B.C. Tel 39.00 Burns 23.62ft B.C. Ferost .24V3 B.C. Sugar 3.15 CAE Ind 3.50 Cdn Brew 1.67 Chemcell .20 Col Cellulose .34 Cal Power 38.00 Coron Credit 3.30 C.W.N. Gat 1.60 Cdn Indust .11 Canada S S .76 Cdn Marconi .80 Cdn Vlektrt 10.00 Chrysler .17ft CPR 133.00 Comlnco .19 Cons Bath .30 n Cons Gas 11.62ft Dlst Sea .15 Dom Bridge .24 Domfar 1.46 Dom Textile 34.12ft DomStores 9.30 Dome Pete 11.75 Dofasco .29ft Fam Play 24.00 Fd of Amer 33.50 Gt Cdn Oil 1.33 Gen Motors ,20ft Gt Lakes Pap 1.62 Gulf Oil Cda .35 Greyhound 20.25 Hawker Sid 6.95 Huron, Erie 1.75 Hiram Walk 31.12ft Imperial Oil .08 Imperial Tob 2.53 Int Nickel 1.77 Int Pipe 6.00 Inv Gp A .70 Laurentlde 1.84 Kelly Doug A 3.80 Loeb 1.61 Loblaw A 1.10 Metro Stores .12ft Massey Ferg 5.30 McMillan Blot .12 Moore Corp Molsons A 6.75 Molsons B 23.47ft North, Cent 15.50 Pembina Pp 8.50 Power Corp 7.25 Price Co 48.37ft Rothmans 17.50 St Law Corp 63.50 Shell CDA 11.00 Simpson's 24.00 Simp Sears 18.37ft Steel of Can 4.35 Selkirk A 7.25 Texaco 4.95 Traders Gp A 5.50 Trans Mtn Pp 27.37ft Trans Can Pp 1.40 Union Gas 11.00 Union Oil 12.62ft Versatile Mfg 32.00 Westeel 3.50 Union Car 10.75 Weston's B 29.00 Woodward's A 64.50 West Cdn Sd 23.25 Zenith Elec 9.25 BANKS 19.42ft Can Imperial 53.50 Montreal 22.25 Nova Scotia 13.87ft Royal 14.87ft Tor-Dom 11.50 88.00 24.62ft 9.87ft 59.75 6.85 83.75 18.00 22.12ft 14.25 2.50 21.87ft 37.00 20.75 17.75 44.12ft 28.12ft S.25 8.50 5.50 4.60 5.25 36.50 11.00 25.37ft 37.12ft 16.87ft 16.12ft 16.87ft 32.50 4.95 8.00 13.00 19.00 37.12ft 19.50 24.25 28.00 12.50 31.25 12.12ft 22.75 33.00 15.87ft 42.00 3.15 �.87ft 16.12ft 19.50 21.50 3.90 1.40 21.87ft 14.62ft 25.00 26.00 23.12ft New York stocks Supplied by Richardson. Securities of Canada Amr T and T Anaconda Beth Steel Chrsler Comsat Dupont GM Gulf Int Harvester Kenn Copper 48.87ft Montgomery Ward 34.00 20 Golds 193.46 up 26 2.12ft Sears 83.37ft 10 Base Met 97.32 up .38 21.75 Std Oil of N.J. 78 00 15 W Oils 207.79 off .65 lilS Iexas 5u,f 120.87ft Volume 1,619,000 ,2'S .Tfx?s C?. 3625 NEW V0RK AVERAGES 139.75 Woolworfh 50.75 - 82 25 Westlnghouse Elec 81.75 20.37ft U.S. Steel 32.75 28.00 TORONTO AVERAGES 39.37ft 20 Indust 183.38 up .49 30 Indust 903.45 up 20 Ralls 199.14 off 15 Utilities 123.72 up 65 Stocks 296.74 off Volume 6,800,000 Alberta chemists tackle sulphur gases problem CALGARY (CP) - Chemists at the University of Calgary are hunting for a way to eliminate many of the noxious sulphur gases given off by natural-gas processing plants. HIGH FLYER - Greg Monk, 13, (seated) receives a push from three loyal friends on his home-made kite in Toronto. Greg, who built the kite himself in lest than a week from bamboo poles and a plastic sheet, gats as high at 15 fast if the wind is right. And the approach being taken is not how to remove pollutants from the stack effluents, but how to prevent them from getting there in the first place. The process of extracting sulphur from natural gas has been greatly improved, said chemist Dr. J. B. Hyne, but little effort has been directed to the crucial "front-end combustion" process. The step is the first operation in converting hydrogen sulphide gas into elemental sulphur and is used in 30 natural-gas plants in Alberta. Dr. Hyne, dean of graduate studies and a director of Alberta Sulphur Research Ltd. and its Fundamental Research Group, said improvement of combustion efficiency would eliminate wastes later in the process. STACKS NOT ANSWER The characteristics of the combustion units and the gases fed into them vary considerably "and what we propose to do is find out just how these variations affect the efficiency of the combustion process." The joint industry-university research group was formed in 1964 and during the last two years reviewed the whole sulphur recovery process from "bottom hole to downwind of the stack." Dr. Hyne said the problem of pollution is not solved by building higher stacks which disperse the effluents into the at-mosphere high above the ground-that is only dilution. U�. monopoly broken in rich Canada market WASHINGTON (CP) - The near-monopoly the United States has enjoyed in Canada's market for imported horticulture products has been severely uwlermuetf in recent years, with a number of other countries elbowing their way in. Despite the butt-in U.S. advantage of being Canada's nearest neighbor, and having a climate suitable for products Canada cannot produce year-round herself, U.S. growers have seen valuable sales slip away. Henry Dueringer, writing in the current issue of the agriculture department's magazine Foreign Agriculture, gives "a tangle of reasons" for the loss of Canadian contracts-ranging from bad weather to careful economic planning by competitors. But in general, he says, it was due to more aggressive salesmanship on the part of other suppliers in bidding for the Canadian prize. "Canada has a sound currency, a high standard of living and a large demand for fruits and vegetables to make it an attractive market target." he writes. GOOD LABOR USE Mexico was a good example of a developing counry using some of its large reserve of labor available at relatively low rates to deliver a valuable product not already in export over-supply. Converting land from wheat and cotton crops to fruits and vegetables, Mexico, for example, by 1969 had 84 per cent of Canada's market for imported frozen strawberries, and the U.S. 12 per cent. In the early 1960s, the U.S. had bad virtually the whole market to itself. In 1960, the U.S. was Canada's only supplier of frozen concentrated orange juice; by 1969 U.S. sales were only 55 per cent of a growing market and Mexico had 13 per cent and Brazil 24 per cent. Other inroads were made by the Philippines with pineapple juice and canned pineapples, Taiwan with canned asparagus and mushrooms, and Malaysia with canned pineapples. With the Common Market threatening some traditional markets for Australia and New Zealand, these countries were taking advantage of Commonwealth preference to build new markets in Canada. MOVING IN Dueringer adds: "U.S. crop shortages in recent years have allowed Mexico to move into the Canadian winter vegetable market in force at the very time of year when Canadian duties on fresh produce are least., "U.S. produce often is marketed late in the spring or early in the fall when duties are higher to protect Canadian-grown crops." Israel and Portugal were examples of countries that have added to their Canadian sales by, better processing and more aggressive marketing. Israeli canned citrus fruit had cut into both the U.S. and Japanese shares of the market. Portugal's exports of tomato paste jumped from three per cent to 50 per cent between 1960 and 1965, edging out imports from Italy and the U.S. Despite the warning that could be read into all this, however, t he U.S. was still Canada's first-ranked supplier and in 1969 Canada was the market for 44 per cent of all U.S. horticultural exports, for sales worth $200 million. CBC, union wage contract ratified MONTREAL (CP) - A three-year contract between the CBC and its 2,200 clerical and administrative employees has received national ratification, a spokesman for the employees said here. The spokesman said 11 of 14 national locals had ratified the settlement, which will give the workers wage increases of up to 24 per cent over the life of the contract. The spokesman for the Association of Radio and Television Employees of Canada (ARTEC) said that under the contract, lower wage scale employees will receive a larger wage package than better-paid employees. All increases are retroactive to the expiry date of the last contract, April 1, 1970. BASIC BOOST BIGGER New wage scales, reached after more than 15 months of negotiating, will give workers in the $3,000 to $6,000-a -y e a r bracket a first-year increase of four per cent, plus a $240 basic yearly pay boost. This lower-level bracket then receives an increase of six per cent in the second year of the contract and 5% per cent in the third year, a 24-per-cent increase over three years. For higher level employees, whose salaries range up to about $12,000 a year, increases will be $210 for the first year, plus a four-per-cent wage boost. In the next two years, increases amount to six and 5% per cent. The employees also received extended medical benefits and increased job security. "We received breakthroughs in those three areas where the Calgary Power to seek boost CALGARY (CP) - Calgary Power Ltd. will ask for a rate increase next year, president A. M. Howard said in an annual report released Monday. The increase would be the first in the company's 60 years, he said, but is necessary to maintain financial stability and allow the company to attract large amounts of investment capital needed for expansion. The amount of increase was not specified. The company, which provides more than two-thirds of the province's electricity, has compensated for higher costs in the past by internal economies and volume growth, he million in 1970 or $1.12 a share after a divided of 85 cents. Gross revenue was up 11.3 per cent to $56.8 million while sales of electricity increased 14.8 per cent to 5,933 million kilowatt hours. Compared with 1969, net income rose $1.1 million to $11.7 Copper prices jacked up TORONTO (CP) - Two To-ronto-based producers announced increases Monday in their domestic copper prices. The International Nickel Co. of Canada Ltd. said its new Ca-n a d i a n price will be the equivalent of 52% cents U.S. a pound. The increase follows three reductions since March, 1970. The latest was to 50% cents a pound in January of this year. Noranda Sales Corp., marketing arm for Noranda Mines Ltd. of Toronto, raised its price by two cents a pound to 53 cents a pound, effective today. Other Canadian producers usually follow when major companies increase prices. Beef futures WINNIPEG (CP) - There was a light trade Monday on the live beef futures market. Open High Low Close May 32.36 Jly J1.10 81.10 31.10 31.10 Five killed near Sudbury SUDBURY, Ont. (CP) - Five Sudbury-area men were killed Monday when their plane crashed into an ice-covered lake on the way home from a fishing trip about 60 miles northwest of here. Provincial police said the single-engine Cessna 180 crashed into Bannerman Lake in the Po-gamasing area during a snowstorm. Four of the dead were identified as pilot Charles Armstrong, Kenneth Cameron and George Tetrina, all of Sudbury, and Leonard Thompson of nearby Val Caron. The name of the fifth person was not immediately released by police, who said his only living relatives are in Manitoba. Wage increase for govt, pilots OTTAWA (CP) - More than 200 government pilots and civil aviation inspectors will receive a 16 per cent pay increase. It was announced here that a three-year agreement has been signed between the treasury board and the aircraft operations unit of the Professional Institute of the Public Service of Canada. The contract, retroactive to July 1970, calls for a starting salary of $9,434, up from $8,900, for inspectors. Executive pilots who start under $13,000 will re-| ceive $13,663, and helicopter pi-1 lots up to $12,935 a year. corporation has resisted strongly in the past," ARTEC spokesman said. The contract, was tentatively settled March 17, but subject to national ratification. Executives guaranteed salaries TORONTO (CP) - Several Home Oil Co. Ltd. executives have been guaranteed at least two years' salary if they quit or are fired within 12 months after control of the company changes hands. Control of Home, an independent Canadian-owned company, has been the subject of negotiation in recent months. The salary agreement, apparently covering 11 company executives including seven vice-presidents, was detailed in a proxy statement mailed to shareholders. A proxy statement is sent out with the solicitation of voting powers held by stock-owners. Home's annual meeting will be held in Calgary April 23. New sports car unveiled LONDON (AP) - Jaguar unveiled Monday a new E-typa sports car wifch a V-12 engine, which it said was designed specifically for the North American market. Longer, wider and more powerful than its popular predecessor, this latest roadster is the first volume production car with a 12-cylinder engine, Jaguar said. Producing nearly 300 brake horsepower, the all-aluminum motor provides superb acceleration and, the company said, it has been specially developed to meet United States anti-pollution laws up to 1974. Since Jaguar introduced Its original E-type in 1961, more than 65,000 have been produced, of which 78 per cent have been exported to the U.S. and Canada. TREMORS HIT CITY VALPARAISO, Chile (Reuter) - Four earth tremors rocked this port city Monday, where six years ago an earthquake killed more than 400 people. No one was killed in Monday's tremors, but thousands stayed out in the streets until they were sure the shocks had ended. with famous go-anywhere 4-Wheel Drive TEST-DRIVE THI 2-CAR CAR TODAY Th� UNITED MOTORS CO. LTD. Cor. 3rd Ave., 3rd St. S. Phone 327-2805 ;