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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 8, 1972, Lethbridge, Alberta Monday, Moy B, 1975 TH! IETHSRIDGB HEHAID Market narrow in slow trade Miscellaneous quotations Vancouver, Calgary, Montreal I Supplied by Uolierty, McCnaig Limited) LAST BID OR SALE (II 03 0 m. Gunlesl B m. UuolRl) a.m. Coolesl WE5TI Ainunnx Alia Eait 7 10 TORONTO Prices on the Toronto stock market moved uithin a narrow range in slow mid-morning trading today as most investors appeared con- tent to remain on the sidelines until the federal budget is intro- duced tonight. The industrial index was down .02 to 19U.4G and base metals .26 to 9183. Golds were up 1117 to 183.75 and western oils .44 lo 213.41. U.S. cash worth less in city For the last week U.S. catli has been worth less than Canadian cash in Lethbridge. City banks Monday were buy- Volume by 11 a.m. was aua.OOO shares, down from at the same lime Friday. Pipeline, communication, banking, utility, real estate and general steel and oil refining issues turned higher, Advances held a .slim margin over declines, ]J4 lo will) 171 issues unchanged. TransCanada FipcLincs fell 'i lo Skyline Hotels to CDRH Ltd. to Peoples Department Stores Lo and Bank of Montreal !s to 52] Hudson Bay Mining dropped '.'i to Placed Lo Scurry-Rainbow '.'i to Dome Mines l-'2 to and Alcaai Vt to Dofasco rose lo ?27, MaR- nasonic V'i to SJHs. Patino IM to Inco 'B to Dome Pete (o and MaUagami to LIGHT TRADE Cdn Super Cdn I one] Is Chilian Lochi-l Mu mac Pancdn Ponder Ranger Rain SpoonEr Seiocir, Total Pfile W. Decalla Wcsl Pole ubhv Oil Oil B jsky Oil War 15 17''j Inlcr Prov Pipft Inlcr Prov Steel 675 Knisr-r R05 7.1! Pacific Pete Rainier v.W Sand .veil 37 53 V.'-'t C'ln Sned Wl'iln Yukon 9 35 WeilNcl-i CALGARY IS.50 Equity j] ti) Invetl Gr j 90 Iriveit Mutua i .1.87'a Mutual Ac _ 37.17V? Mu'Ui" Gr 3? Nat tl Gr Principal Gr 390 4.33 8.09 17.U 13 J7 571 624, 1 79 I 5 75 6 12 I 711 7 77 1RH cun placed Provinces free to act on foreign ownership HI' WASHINGTON (API The 537 OTTAWA Provincial vision network jjrof.ram he governments thai consider the Hie prime minister .said there is which fir Icdcral government's draft "no limilaliun im islation on foreign takeovers of can (lit in iMhirj rid oilier is pllfd If) all of .'ils v.iih one (if Out- r- faheovcr. l'ir diiTcl foreign 1 31.50 ft 10 l.SS M.OO Univ rial announced Salui1- f Canadian is injidc- wHiiom day thaL Japan and seven Wesl-! are free lo act on their lions, on crulii s and so Briruns Oil Madison North Conf Q? Warner S3 1 PIP! LINE STOCKS Alia Gas Pld Alia Ufll GflS Inland N.it Gas finti C Ga- N and C B Ffd Pncifir Trans, Gai Metro "Ivans CcJa Pips Cda B MISCELLANEOUS INDUSTRIES Ti 7S 6.25 31.00 V. Cda War Aquataine Br-inco Cdn Brew A Cdn Brew B Cdn Pacific I Cygnui B r.ilcon Copper Hud Bay Co Hud Bay Hud Bay PFI i.rs' 1775 -I '5 50.5Q V.'C Trans WIs MUTUAL FUNDS Cdn Com Cdn Divid Cdn Venl 12.00 3H.OO 13.75 5.50 fll CO 13.75 10.00 vnnqiii vpm ay VANCOUVER MINES Alton Atlas Exnlnr Balh Morse Bryeon Churchill 'a CroycJen Dankoe Dolly Vard'1" Fort Reliance crn European countries have' own, Prime Minister Trudeau on.' Pri Pyrarr Standard Copper (US 9.23 Block Bros 9.44 1032 B.C. Sugar 05 f. -13 Cspt Inter Gr F fi.fi? 7.J9 Hys Special 3 Interior Brew In Fund i.OO 5.JB Key Indusf Mutual 6 83 7 -'.9 Pacific Weft Air Y Infer 1J46 15.E9 Slampede Inll Res v L'-v 3.65 4.23 OILS Invest 6.03 6.40 Albany Oil In SI F 5-27 5.7fi Plains Pete fus F U.5- 13.Jl Wesf Explor here and who want, lu Rrw in their area, and Hie lliinl is m-M1 agreed to halt further inroads Sunday. '-11111 whal uc cloiv K capilnl niining in for new ven- j in'n the United Slalcs market Intervicwrd on Ihe CTV (clc- a resprmsililo Mep which lurrs. i for steel through 197-1. "We've dealt wi'.h one of Under a new three-year vohin- i tary agreement to curb their cx- porls, Hie foreign producers said Nicy would limit (heir shire of the American markol to Ihe present level of ir> per cent. In a .statement, President said: "This undertaking represents j a substantial improvement over I the arrangements of the last three years and will enable do mcRlic steel producers lo make their plans with confidence that imports will not he disruptive in the domestic market. IL will help preserve the jobs of Ameri- can steel workers.'1 Besides agreeing to limits on over-all steel exports, the for-! Wontl'cal for monev men hold huddle IRVING C. WHYNOT Canadians Press Business Editor "Some provinces think Ihcie ico much foreign imestmcr.i. Plea.se Irt them make lepisla- lion of their mvn nnd not pn-s Ihe buck (n DKALS WITH The p r o p o s r d legislation, in the Commons last week, v.'ould screen the lako- nver nf Canadian companies by foreigners to ensure thai surh dike-overs benefit Ihc country. It floes noi, however, incorporate lent place fo find out olh- a recommendation of the Gray ers are thinking. They recall report which suggested screen that al the conference a year direct investment in ago, Mr. Connajly fairly v.-cll Canada from abroad and ail ing U.S. dollars for cents each, cents less than the Canadian dollar. Cheques were being pur- chased for 93-14 cents per dol- lar, Hi scnLs less than Can- adian. Banks were selling U.S. dol- lars for 997s cents Canadian and U.S. cheques for cents. i On May 1 the U.S. dollar I Combined volume on the was on par with the Canadian [Montreal and Canadian stock MONTREAL (CP) Indnslri- als advanced slightly as other sectors fell in light morning trading today on the Montreal stock market. i Utilities slipped .22 to 163.05, l_ banks .53 lo 2G7.77, papers .05 to 05.04 and the composite .02 to j 201.20. Industrials rose .11 to Toronto mines, industrials (Snpptico1 By Richardson Securities of Canada) LAST BID OR SALE eign producers agreed lo even I could more stringent curbs on exports llonal "'hcn conference that have long-term interns- i significance, at a lime a top Ml.DP ii m. Ouolesl MINES dollar. Grain prices Winnipeg Grain WINNIPEG (CP) Rape- seed prices were firm to slight- ly lower in dull trade at mid- session on the Grain Exchange today. Exporters were limited buy- ers in that commodity with local and commission houses engaged in the hulk of trade Other commodities were quiet and featureless. Friday's volume of trade was bushels of flax, of rapeseed and of rye. MID-SESSION PRICES: Flax: May lower 2.74B; .Inly lower ?.7G; Oct. SB lower Nov. lower 2-66! i A. Rapeseed Vancouver: .1 u n e 1 lower 2G3-1HA; Sep lower Nov. lower Jan. unchanged 2.51B. Itapcsecd Tliundcr Hay: May i Irgher 2.53A; July lower Pino Point Placer Dev P.C. Exp CL'nboc Wifln R fly rock Radicrc ShcrrlH Go'drjn I CO Dem SlorFi :o Dome Pete .23 Dafasto 3-l.CO Cable Frf of C-1 Cdn Oil .il'-a Gen w.olors i.U Gr Lakes Pap .30 Gulf oil Ccfa 1A.75 Hawker Sid 7.9! Huron and Erie li.DO Hiram Walk Oil s.m. Quclesl exchanges at 11 a.m. was shares, compared with aL the same lime Friday. Dome Petroleum advanced ;ii to Canadian International r'H to International Pipe Line :IH to Metropolitan Stores :in to 519-.I and Cominco to Credit Foncier fell 5s to S7j7n, Montreal Trust !2 to TransCanada PipeLines '2 lo and Western Realty Vz to S7'.2. On the Canadian Stock Ex- change, Williams Creek Gold fell 21 cents to 77 cents on PRICES LOWER NEW YORK (AP) Prices were lower in slow trading on the stock market today. Brokers saic1 the situation in Vietnam was the cause of uncertainly. Declines gainers on the New York Stock Ex- change hy ahout 2'z to 1. The noon Dow Jones average I of 30 industrials was down 7.38 to 933.85. Among Canadian Wines Horn Dome Minei Aldcna Discovery Wines Msl_arlic Fnlrcnbridge Frocex Gianl Y.K. Ray V-S Nickel Pipe C-n A 3 V.'illroy 1 V.'Indffill Dear A INDUSTRIALS Kerr Aridiscn Key Aiaccn Labrador Lake Sho'e Lanqis Silver Mads-sri R L A'.jlarric G.F. Martin McNeely Allan sugar Aara In Bell Tel Brazil Trnc. B.C. Tel Burns B.C. Forest B.C. Sucsr Bcvr Valley CAE Ind Cdn Drew ell Hone Coppe Noranda Che Col Cal Power Coron Credit Cdn Ind Cdn VicKcrs CUnysic-n CPR Cominci Co-is B rr Gai CDN Nal Ga Disl Spa Dam Bridge 7 50 Domtar 37.75 Dnm Textile 10 27Vi 12.15 n 75 63.121'! H.W M.B7" i t 7.50 7.50 JO 7.00 2.1.50 1.20 11.5D 3-1.00 M 75 !F.75 C.50 Ulil Indiist Acccpl LaurenMde Kelly Dc-ijg A Loeh Loblaw A Mel Slorea Mass Fcrg McMUIan Moore Corp Moisons A 1 North Cent Power Corp Price Co Rothnians St. Law Conn Shell CDA 26.iO 68.00' 4.15 7R.75 27.50 170 :9 75 31.75 ;i no 31.00 9.75 4i.75 T) II1'; 13.J5 4-W 3.65 7 PO 19.27' 3-1.75 of higher-nriml specially steels i .11, such as stainless, tool and other j of collccrn and debatc' alloys. In these categories, the While it is, strictly spt'akiiij voluntary limits for and 1973 will represent reductions j from last year's actual ship- i ment levels. The United Kingdom, for II all first lime, joined Japan and (he European iron and steel com- munity in initialling the export restrictions. The other countries involved are Belgium, France, V.'esl Germany, Halv. Luxem- bourg and the Netherlands. Thn lop money men of 20 detailed Hie U.S. problems major expansions of countries gather this week in indicated That strong action operating in the country under would have lo lie lakcn. Il fi- foreign control, nally came in mid-August. Mr. Trudeau in some For [liis year, Canadians ex- cases takeovers will he dcmon- pcct any discussion of monetary slraled to be beneficial In reform "will also have lo include; Canadians detailed talk about international forum only for discussion and [trade agreements. The U.S. as 5fnP exchange of ideas, the world- part of the mid-December re-' sait! il wide impact could be far-reach- i alignment of cunciicy in ing '.sislcd on Iradc (alia with The occasion is the 19th an- ils major Irading partners "If they arc, why should 1 (hat which Questions ear deal s nual conference of the Intcrna- Canada. Ihc biggest U.S. lional Monetary Conference and iomcr and also its biggesl sup- the time is Tuesday to Friday, pliei, still hasn't been able (o Members of Ihe conference are work out a now trade ayree- 115 of the largest commercial menl That still remains a sore j banlis in 21) counlries. point between the two countries Top government finance peo and is tlie main reason Mr. Con- pie and their central bankers "ally is known as no friend of IK there too. A late cajicel- Uiis counlry. lalion came from John Con- Mr. Connally earned that rcp- Ihnse parts of Tanada need foreign capital (o create .ir.bs sliould not be deprived nf il. Later, he said, perbaps ollirr trade-offs will be possible and oilier decisions made. tfu.s policy is a ble o'ic and it is one ue ai-c prepared (o he judged bv.1' utation by liis tough bargaining and strong demands, lie was scheduled lo allend thu Mont-! real talks but cancelled to al-' tend a meeting in Ecuador of Srmpsor Sfr 5tce[ of Can Selkirk A Texaco Traders Gp A Trans Mln Pipe "Ir Cdn Pp Union Gas Union Oil Versatile Mlg Mffl Union Car Woodw West. Zcnitn ard A CrJn Seed Elec BANKS 7 3. 65'. 3 0.25 U.I 2'-': 1600 19.75 37. 6Z1'] 6.15 7B5 nally. United States treasury secrelarj1. who has been de- scribed as ''no friend ol Can- ada." Discussions are closed so speaking can be "open and can- TOROXTO (CP) James X did'1 but regular briefings are the Inter-American Develop- Allan, Conservative member of Rivcn lo Ule ment Bank, (he Ontario legislature for Hal- CAN SYSTEM CHANGE? dimand-Norfold, said today he The problem of international will question the circumstances monetary reform is a hot one under which a Workman's Com-; hccause of (he US. p e us a 11 o n Board execulivc j economic moves wluch last year bought a car from Ford Motor j led (o devaluation of the U.S. while investigating safety dollar ;mA r e cr e 5 s j 0 s at (he company's I Dividends Till-: CANADIAN PRF.SP Acklands Ltd.. 2nd pfd. scries A. 48 cents. May 31. record May 12. Canada Salpway Ltd.. ,M-10 pfd.. SI.10. .Inly 1. record June 1 Co Mr. Allan said he will ask the I legislature's standing commil- I tec ca resource development Tuesdav to C0mpanys tln-oughout the world. Monetary reform is given lop billing for the opening dav of picrrc.Paul schwe.Ucr, s ng dircclor of the Inter- Novn Scctl, 1J-I2VI Roval Tor-Dom 11.25 33.75 3.1.03 3575 Dome Mines was up 2.55-''8; Oct. VE lower 2.523jA; JVov. unchanged 2.5] 13. Oats: May unchanged 69A; July unchanged 69A; Oct. not open. Barley: May n n c h a ngcd I bow QJJ July not open; Oct. un- changed UUiB. Rye: May lower July lower Oct. v.n- changcd issues. 1'j to International Nickel was cloivn u to JSl'.B. On Ihu American Slock Ex- change, Canadian Marconi was down 'i to S3'i, Scurry Rain- New York stocks (Supplied By Richardson Sccnrillcs of Canada) Draper, director of safety for DL'pcnl GM Gulf PLANS LANDSCAPE Sears 111.7S 20 Golds 188.15 up 4.J7 Sid Oil of N J, 71.13'j 10 Base Met 95.EU OS i Gult 117.75 15 W Oils 113.15 up .IB Texas Co 3975 Volume 7W.OOO Corp NEW YORK AVERAGES V.'oolwcrlh 3S.75 30 Indus! 933.77 off 745 25linghouse Elec '9.50 JO Rails 752.91 1.3TJ U.S. Steel 3l.87Vi 15 UMIIIies 109.75 oft .03 TORONTO AVERAGES J5 Slocks 3H.J9 off 1.91 I'd Indu5l 19796 off 5A Volume 3d 75 62.50 161.50 7D.WV: Ford and then traded il for a year-old, executive-driven Mus- tang. Mr Draper confirmed Sunday that he bought a 1969 Mustang in March. 1970, while a safely penally o f 52C0.2C3 imposed Trade and investment, em- ployment and inflation and na- tional and international banking issues are also slated for review and debate. Canadian officials, however, say there is little doubt lhat the prime topic will be international monelarv reform. But there will upon Ford was being appealed be no firm decisions, no imme- lo the board. He denied any ir- i dlale rcsulls- regularity and said lie lias since WANTED AAen for inside and outside sales with knowledge of air conditioning equipment, con- trols and healing supplies for southern Alberlo. Send resume of experience to Box 23 EDJ10NTOX (CP) Uni- versity of Alberta tins appoint j ed Michael Hough as land-. .scape planner to guide imple-1 i mentation of ils long range I landscape development plan. I Hough's company prepared a Livestock reporl sold the car. John Brooks, a spokesman for i Ford, confirmed that Mr. "It's a very long road, a major exercise, and it take years." one Canadian banking spokesman said. 'sold Good stock I calves 34 to 37.70. CALGARY (CPi Receipts Hogs average base Calqarv livestock s on the Calgary livestock mar- ;plan for orderly site develop ket lo 11 a.m. were head, ment which establishes a i mostly mixed grades of cows. j framework for future sen-icing i Trade was fairly active. and surface parking, pedes-1 Slaughter sleers and heifers Irian movement, open space I sold steady with lasl 20.20, Draper, who cams a "The ho1' dmvn to year, bad some repair work preliminary explorations lo find done free of charge. He said some common ground and lo that after the repair work was 1 the ''mad question into done. Mr. Draper inquired about buying an c x e c u t i v c- drivcn car, and was told focus. But its importance comes because it is an excellent chance to make known your could buy one through an Oak- i own point of view." i and planfing. 3 HEVVETIT W. BF.f.SHER 1 ll.i-17 AvrNi-F.Sonii ALIILIUA TCLEI-HOVE: S-2B-OH14 Announcing... 1 he appoinlnu'nl ol K'ninr-lli liclslii-ras Miiuawr in Alberta. Mr. Bolshcr a.s.Minii'S Ins mnv respoiisibilily willi Omdcnl.il Life .ifirr Irn yiMnwjlh I IK- Company. Mnsl rcconlh lio II.T; scrvrd in llir, ol Aqcilcy Supcmsor in lhc Davi.s He consislrnlly Kron nnr n( Ilir C.'ninp.iin s leading and qiialifinl loi llio roiucnlion in 1 lawan lasl Oclolici. Ken was Uini and r.uscd in McCord, 1 Ic. now resides in LpllibriclRc will] his wife, Dclly and Ilinr finirsons. Ken is an avid sportsman and also in llie Cluli. Oceidcnlal I.ilr is eonlidcnl lhal Mr. llcKhpr will niainl.iin and cnbancc llir Company'.-, ri'pnlaliim in Ihn l-PlliliridKc nrr.i. Im aih'ire lo rewleiKvon all inalli'in lh.il nmeem Ilieir l.ile, llealili and Croup Insnr.inci: needs Occidental Life of California HEAD OFFICE FOR CANADA: Toronto f flows, quality considered. were fully steady with sales o: good kinds to 28.30. There were insufficient hulls on offer lo establish a market. Choice steers 36.50 to 30.70, good 35..15 to 36.25, medium 3-1 lo 33. Choice heifers 34 50 to HOE; prices EDMONTON (CP) Aver- age prices to 1] a.m. provided by the Alberta Hog Producers ville dealer Price of the car was Olhcr Canadian sources say Ihe conference is also an excel- SALESMAN OF THE MONTH Poyol Trus! Real Esloln Sales nro pleased lo announce ihol Elizabeth Dykstra has been named So lei- woman for ihe monlh Worcli, 1972. She achelvcd ihis by having Ihe highesl volume cf lislings and MIS Sales in Ihe cily for ibnt period. Whelher you're planning on buy- ing or selling See one o) thp friendly qualified soles people al Royat Trust. Somewhere in Canada Royal Trusl ieIN a home every 56 minutes. oyal Trust REAL ESTATE SALES 740 4th Avenue S. Phone 328-5516 With 57 Offices From Coos) to Coasl marketing Board. Edmonton: 29.25, Friday 29.43. Red" Deer: 29.20, Friday ZS.45. Calgary: 29.20, Friday 29.39. average average average 34.80. Rood 33.25 lo 34.25, medi- Ulll 31 lo 33. Good cows 27 lo 20, j Friday 29 45 medium 25 to 25.50. tanners i Lloydminsler: and cullers 211 lo 24.50. Friday 211.07. Insufficient replacement cat- lle on offer lo establish a inar- kcl. row slock heifer calves MI, Nil, average average Total hogs sold lo H a.m.: Friday average Friday 29.41. Sow average NATIONAL SALES DIRECTORS Required for AUSTRALIA 0 NEW ZEALAND U.S.A. CANADA UNITED KINGDOM GERMANY FRANCE ITALY HOLLAND FINLAND DENMARK NORWAY SWEDEN Income: Up lo month. Age: No barrier. Products: Consumer items. Training: Training in Canada first. Sterling Dale: After February, 1972. Interview: Both husband and wife required lo meet tnA company representative. PHONE MR. J. COUCKE, 327-5701 Alt DAY TUESDAY, MAY 9lh ROBERT D. KOLESAR Bonrd of Directors ol Si. Polrick's Crcoit Union lid. mo plpctsrn1 lo announco the oppoinlmrnl of Roborl D. Kolesar In Irio position of manager. Mr. Kolnsar n life timr, rr-sidrnl of Soutliprn Alberta, rriotl, with children. lli> hns on exlonsivo bock nround in thn area of con- umcr finoiicinrj, nnd in the nanagr-mpnl firld. Poh rx- liilds liis invitcilion lo rvr-ry- nr lo contotl him in rfcjnrd, i ibrir financing and invest, rnl nerds. rfy d d y 3 By Gene Fawcello HAT PROJCCTO8 A SUPEH 8 SOUND PPOJECTOR JUST ANNOUNCED, PROJECTS ONASTANDARDSCREEN- OR ON ITS OWN POP-UP SCREEN. FILM CARTRIDSES ARE DROPPED INTO THE HORIZONTALLY-SHAPED MACHINE AS RECORDS ON A PHONOGRAPH TURNTABLE... ifYtff COHTftCH., STOflMOmW, LAMP, HANK PALFREY FLEMING MOTORS SALESMAN OF THE MONTH Wp pimped to announce tliol HnnK Pnlfrey lios achieved Iho salesman of the monlli award for April. Our conqratulalions nrc exlondpd lo Hank on his accomplishment. FLEMING MOTORS 7th St. and 1st Ave. 5. Phone 327-1591 PROCTOR GAMBLE CELLULOSE, LTD. Has Immediate openings the Following posilionj ol hi bleached krafi pulp mill in Grande Prairie. a ENVIRONMENT CONTROL ENGINEER Responsibilities lo include: obilify to provide tecnnicol support i treatment, abilily develop and manage training progi 5uccsssful operation of waste treatment faciliti abilily lo work effectively willi governmental i sulling agencies. Qualifications: Gradual e chemical, mechonicnl or rfipmicolly sanilnry engineer with several year; experience. Thorough knowledge of environmental conirol air and water pollution problems in ihn trail pulp in- dustry, Some experience in work wih consulting and rcgutnlpry agencies a definite as'el. PRODUCTION ENGINEER Responsibililioi !o include: __ abilily lo demons trole ration, abilily and initiative ni and abili'ty fa ccmniunirale aimosphcrc, abilily lo troin nnn-monn cquipmcni. Qualifications: --Groduolr; wch mnchanital, civil or rlrt leadership m dependen Sonic pulp rnill c: PRODUCT QUALITY Responsibilities .MANAGER i include. rdinalo overall auahry r manufacturing unils lo prevent and producl qualiiy problcmi, nbilily to manage a Cr-ntml Coni nbilily lo conimunicatf riirrcly lo vinblf proccis product jlandai Ounlificolions: rol I a bor Trc Im it n -Gr Halo ould bn July 1, riling nol laipr in workinc] nnd tonimun.connn, bnlli linn, people nn n Irani bans, n qualily rnnliol nn dcpendrnl ihinkn.p cmd dcwflopnipnl ol employ mrnl lor any nf tKf po 1977. Applicohoni Oiould br M.limil tlinn Moy 10, ln: Personnel Manager Proctor and Gamble Crlluloso, ltd. R. R. No. 1, GRANDE PRAIRIE, Alberto ;