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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 7, 1973, Lethbridge, Alberta Monday, May 7. 1973 THE LETHBRIDOE HERALD If mh m Toronto prices somewhat lower TORONTO (CP) Prices on the Toronto stock market moved moderately lower in light mid-morning trading to- day. The industrial index, consid- ered the major indicator cf market trend, fell .77 to 219.03 and western oils 1.24 to 233.44. Golds rose .60 to 2C5.17 and base metals .08 to 101.13. Volume by 11 a.m. was 000 shares compared with 000 at the same time Friday. Declines were slightly ahead of advances, 112 to 91. while 163 issues were unchanged. Industrial mining, oil refining, communication and beverage stocks were among sectors cf the market recording declines while chemical, construction and material, trust and loan and steel issues were higher. Inco fell 34 to Con- sumers Distributing to Imperial Oil to No- randa to and Texas Gulf sg to Shell rose to Huron and Erie to Y and R Properties Vi to and Hugh Russel A Vs to Falconbridge Copper lost to Hudson Bay Mining Vs to and Westfield Mineral 11 cents to Cemflo gained 35 cents to and United Sis- coe 10 cents' to Asamsra slipped to and Peyto 10 cents to Ranger climbed Vt to MONTREAL fCP) Price.? were dcwn in all sec-lors except banks in light trading on the Montreal stock market today. Combined volume on the Mon- treal end Canadian stock ex- changes at 11 a.m. was 269.900 shares, compared with 223.400 shares at the sams time Mon- day. Industrials declined a point to 236.57, the composite .68 to 225.07, utilities .08 to 158.56 sr.d papers .04 to 120.21 while banks advanced .44 to 270.10. Ottawa has On the Montreal Stock Ex- change, Dsnison Mines fell IVt to International Nickel to Power Corp. to ar-d Chrysler 'z to On the Canadian Stock Ex- change, Moneagle Explorations gained four cents to 62 cents on adores. NEW YORK (AP) Stosk market prices tumbled lower to- day, ending thsir rally of last week, and brokers attributed the plunge, to investor concern over inflation and Watergate. The Dow Jones average of 30 industrials was down 8.88 to 944.99 at noon, and declines out- numbered advances by nearly three to two in fairly active trading on the New York Stock Exchange. The broad-based NYSE index of some common stocks had slipped .39 to 58.38 at noon. On the American Stock Ex- change, the price-change index was down .03 at 23.64. Among Canadians on the New York exchange, Mclntyre was down three to Alcan to Dome Mines to Ineo to and Massey Ferguson Vs to Granby Mines gated Vs to On the American exchange. Canadian Javelin gained to and Scurry Rainbow Vi to New complex A suspended covered hopper car is rotated by a special- Rail's riew heavy nipair shop at the company's Ogden ly-designed device in preparation for repair work in CP Shops in Calgary. New repair shop opened by CPR A reflection of traffic growth energy policy NORTH BAY. Ont. fCP) Ontario government criticism to the contrary, the federal gov- ernment does have a rational energy policy. Prime Minister Trudeau said Saturday. He to'd a public mccdng the pclioy is to servo Canadian first ard export only sur- pYs oil and gas. LOOK MOBILE HOMES 205 St. 'A' S., Lethbridge APPOINTMENT Livestock report Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.'m. totalled 150 head, mainly cows and re- placements. Trade was active. No slaughter steers offered; hellers were steady; cows were lower grades at general- ly steady prices. Al, A2 heifers 40.75 to 41.60, A3 39.50 to 40.50. Dl, D2 cows 33.25 to 34.75, D3 31 to 33, D4 1 27 to 31. Replacement cattle were steers and heifers in the lighter weight ranges with prices steady, quality considered. No stock calves offered. Good feeder steers 575 to 750 pounds 44 to 43; good feeder heifers 550 pounds and more 37 to 42. Hogs base price 41' to 75. Maclecd Livestock FORT JIACLEOD On offer last week at Fort Macleod Auc- tion Market were h2ad cattle and calves. A good demand for all slaugh- ter ca'jile with cows to higher and a very gocd dsmand for light, green ranch stacker steers and heifers was evident. Choice steers 43.10 to 43.50; medium steers 42.25 to 43; Hoi- stein steers 40.30 to 41.10. Low choice heifers 40.50 to 41.10; medium heifers 39.50 to 40.10; good caws 31.40 to 35.90; medium cows 30.75 to 33.50; earners ard cutters 26 to 28.75; bologna bulls 35.50 to 39.75. Good up feeder steers (900 to pounds) 42.10 to 43 SO; good light green steers and bulls (400 to 415 pounds) 55.50 to 59.50; with one offer at 3C2 pounds to 62.75. Good light green heifers. (340 to 420 pounds) 49 to 52; (500 to 600 pounds) 45 to 48.50. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doheriy. McCaaig Limited) LAST KID OR SALE a.m. a.m. 775 Cdn Invest F 5.24 574 7 75 Col Mutuel S 86 6.43 13.25 Cmnw Inter 153316.90 7.1214 Cmnw Lev 3.99 4.38 16.62'i Cmnw Vent 772 B.48 41 00 Corp Invest 6 32 6.94 3800 Corp In St F 5.21 5.72 21 Dreyfus F U S. 11.78 12.91 37' 2 Great Pacific 4.74 518 55.50 Gr In Shares ib CQ Gr Equity 21.K7V2 Gr F a 62' 2 m. Quotes) WESTERN OILS AND MINES Alta East Gas Alrnmex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Cdn Long Is Cdn Super Charter Oils Chieftan Dome Pete Dyrasty Fort Rel anct Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lcchiel Lytton Min Nofcle Mines North Cdn Oils Numac Pgpcdn Pete Psn Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Ram Seicens Scooaer Total Pete Ulster West Pete W. Decalta Oil 8 CO 6.75 10 00 12.75 1525 585 350 375 7.25 Cygnus A Cygnus B Falcon Copper F and M Tast Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell 8 Husky O.I Husky B Pfd 49 75 Husky D War 400 Husky E War Inter Prov Pipe 370-3 Inter Prov Steel 9 25 Kaiser Res :3 Loblaw C Ffd 3.00 0 IS Pacific Pete 29.50 P W Air E.40 Pe-Ben 2 49 Rainier Inc l.'O Royal Trust 1 45 St Maurice Cap 740 Ssndwell 16 00 Teledyne 13 62''2 West Cdn Seed 13 50 Westfield Mm 1 26 Weston A Pfd B70 o en White Yukon 76 CO 1650 12 cn 50 95 7 25 5.25 MISCELLANEOUS INDUSTRIES Acres Ltd Acuitaine B C. Socar Pfd Block Bros Brinco Cdn Brew A Cdn Brew B Cdn Pacific l-v Crestbrook Ind Crcwsnest Ind 1587': 2325 1525 2.80 5 62' 27.50 33 CO SOD 2700 PIPE LINE Alia Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas H and c Gas N and C B Pfd Pac Gas T Goz Metro Paz Metro A Trait Cda Pipe Tr Cda A Pfd Tr Cda B Pfd Tr Cda War Traps WC Trans 4.50 2550 1 05 350 4.60 5 1.10 6200 13.25 STOCKS 8.05 f. 01 6.74 Mutual Mutual Ac Mutual Gr F Nat Res N W Cdn N W Gr Principal Gr Royfund Temp Gr United Ac Universal Sav Univest Vanguard CALGARY Acroll Barons Oil North Continental West Warner VANCOUVER MINES Anon Atlas Explor 14 2 Bath Norse Croyden Dankoe Davenport Dolly varden Equitorial Res 1 Lornex Primer Pyramid 36 62'2 s'lver standard 63.00 valley Copper INDUSTRIALS 3.03 4.32 8 26 12.58 1375 5 83 6.43 617 678 3.71 4.08 7 94 B 6'l 620 i 29 i.81 J. 48 4 92 685 7.13 9 39 10.26 5.31 587 8.85 7.34 .47 .03 .37 72.00 2050 11.00 10.75 2325 41 Capt Inter Calumbia Brew 4 40 Hys Cdn MUTUAL FUNDS Key Induct All Cdn Ccm 751 F "4 OILS Ail Cdn Divid S.14 S.E9 Albany Oils All Cdn Vent 3 86 42? Plains Pete A-nr Gr F 5 61 Stampede Intl Res AGF Special 277 West Explcr 7.60 .81 .05 1.30 .50 .28 .20 850 .65 9.50 1 71 305 550 .a 1.15 .24 .84 .07 Toronto industrials (Supplied By Securities of Canada) "jLAST BID OR SALE Quotes) MINES (11-00 f.m. OuoTcsl Lend NICK BOWES Jock look of LOOK MOBILE HOMES SALES, is pleased -to an- nounce the appointment of Nick Bowes as Sales Represenlative. Nick has lived in Lethbridge all his life, has had a wide variety of sales experience, and will be pleased to help everyone with their Mobile Home needs. Nick welcomes all his friends and ac- quaintances to drop in to see him at the LOOK MOBILE HOMES SALES LOT. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: 41.75 average Fri- day 41.53. Red Deer: 41.75 average Fri- day 41.76. Calgary: 41.75 average Fri- day 41.94. Lloydminster: No sales aver- age Friday 41.45. Total hogs sold to 11 a.m. 528. Total hogs sold Friday average 41.76. LIFE INSURANCE _______ _ _ Amount) (20-Year "Decreasing Convertible Term Insurcire) IT WOULD PAY YOU TO COMPARr THIS WITH ANY OTHER TERM PLAN' MONTHLY PREMIUMS (P.A.C. Plan) Age 2T Age Age 25-58.70 Age Age Age KEN BELSHER OCCIDENTAL LIFE of CALIFORNIA 439A HOLIDAY VILLAGE Phone 328-0944, Ret. 328-0994 Acme Ac'vccate Asb. Bralc-ne BroJan Bethlehem Brunswicosal from a technical stand- and representatives of the >rovincial and federal govern- nents will be getting together in the near future to take a look at this." He said the federal govern- ment -will bs "having a group coming out within a week or so." The proposal, which Premier Sarrett unveiled on a trip to Washington, D.C., in March, calls for a 1.200-mile railway roni Prudhoa Bay on Alaska's north slope of Ltrwer Post, in Slorthera B.C. Oil would be delivered by rail to Lower Post, then slipped louth by an underground pipe- line along the route of the B.C. Railway. Gas delivered to Low- er Post would be snipped by pipeline to Edmonton. The Barrett proposal, called "The Way was present- ed as an alternative to both the proposed Trans-Alaska Pipe- line and west coast tanker route and to the proposed Mac- kenzie Valtey pipeline scheme. Federal Environment Minis- ler Jack Davis and provincial Resources Minister Bob Wil- 'iams were also at the meet- Mr. Davis described the premier's plan as "half-baked." "We've now opened the doors Premier Barrett said. "We're now allowing our vsnior officials to get on with the exchange of information and with no barriers in terms o? the politics." Mr. Macdonald said the tech- nical discussions will determine if premier Barrett's proposal "is consistent with the objEc- VAKCOUVER (CP) Can- ada could play a role in the de- velopment of China's petroleum industry, federal Energy Minis- ter Donald Macdonald said here Sunday. Mr. Macdonald was returning to Ottawa following a visit to China as part of a petroleum mission. He said the demand for petro- leum products in China will rise sharply in the next 10 years, and "I think it means there are possibilities opened up for tha sale of Canadian equipment and the contracting of Canadian consulting services." He said China's petroleum re- sources have "excellent poten- but added that the Chi- nese could benefit from Cana- dian experience. Mr. Macdonald said that be- cause of China's own demand for petroleum, he doesn't think that country will become a ma- jor exporter. Grain price review Winnipeg grain WINNIPEG (CP) Rape- seed was mixed and flax slight- ly lower in dull trading today mid-sossion on the Winnipeg Commodity Exchange. Flax was three cents or more off previous close levels; Van- couver rapesesd was slightly lower and Thunder Bay rape- seed slightly higher. Oats was fractinally lower and rye and barley fractionally higher. Friday's volume of trade was bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: May 3 lower 5.21B; July 3 lower 5.15B; Oct. 4 er 4.97A; Nov. 5 lower 4.87% B. Rapeseed Vancouver: June lower 4.01 A Sep. higher 3.99A; Nov. 1 lower 3.90A; Jan. 1 Ji lower 3.85A. Rapeseed Thunder Bay: May higher 3.87 July high- er 3.83A; Oct. 1 higher 3.74 %B; Nov. unchanged 3.66B. Oats: May unchanged 1.15 July lower 1.15 %A; Oct. unchanged 1.11 %A; Dec. lower 1.10A. Barley: May higher 1.63 ViA; July higher 1.59 V4B; Oct. Vs higher 1.57 Dec. lower 1.55 HA. Rye: May Vi higher 1.53 %B; July higher 1.56 %B; Oct. higher 1.60 Dec. not open. lives for Canada as a whole." He said there is no disagree' ment over trying to avoid ship- ments of oil down the coast. "What we're really taking a ook at is the best corridor and he best vehicle for having a cross-continent shipment to American he said. Last Premier Barrett criticized the federal govern- ment for not stating which oil ihipment route it favors and challenged Prime Minister Tru- deau to call an election on the issue. He said Sunday there re- mains a fundamental disagree- ment betwean the federal and jrovincial governments on how ,he issue should be handled, but Sunday's meeting "cleared the air on a number of exchanges :hat we've had." Premier Barrett said how- ever he regretted Ottawa's de- cision not to send representa- tives to current U.S. congres- sional hearings on the Alaska pipeline. He also said he is still not sat- isfied that the federal govern- ment has taken a stand on which route it favors. "They've given me an explan- ation of their position, but I'm not he said. "They're the government, they're entit- led to have that position, but I'm not he said. Clerks favor strikes WINNIPEG (CP) More than Winnipeg supermarket clerks voted 72 per cent in favor of strike action Sunday against Safeway, Dominion, Loblaw's and Shop Easy stores. The clerks, members of tie retail Store Employees' Union, rejected a new contract offer and voted to establish picket lines at the stores at 8 a.m. Fri- day. 'READY FOR MILE-A-MINUTE SPEED? SEE A MAXI MERC FOR 73. Raise your power sights this year and move aH the way up to a '73 Maxi Merc. They're just what you need to show your transom to the guy who blew you off the water last year. "Hidden away" ideas we've learned winning races make the Mari Merc outboards the mightiest trio ever to throw a wake. Find out all about "Power porting." "Cam-turned" pistons. Extra corrosion resistance. If you're ready for the ultimate in stop In today and see the 85- to 150-hp Maxi Mercs for '73. THSYEAR? MERCS SET NOT YEAITS STANDARDS. rtnCtof 88 20, IP 5C 65. HP. Forfifarcst Vcrci-rj Dealer, see Pases under "Outboard MclsiV1, or contact Mtrtuty Varlns Lid., Box IVicslsifiupa Ontario. ind lleyd stir nun this yeir In television's most boitint World II." See your locil TV listmjs lor lime stilron. Total Farm Supply Service Aluminum Car Toppers, Trailers COMPLETE LINE OF Mercury Fishing Motors 4, 9.8, 20 H.P. AVAILABLE AT UFA CENTRFS IN LETHBRIDGE AND VULCAN 313! 2nd Ave. N. 328-5531 Fiberglas Boats and Canoes FROM 10 FEET UP Boat Marine Supplies and Equipment Life jacked, Floater SERVICE AND REPAIRS GLASCON INDUSTRIES 327 3rd St. S. Phone 328-4850 ;