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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 8, 1973, Lethbridge, Alberta 24 THE UTHBRIDGE HERALD Tuesday, Moy 8, 1973- Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE (11-do B m. Ouotss) a.m. Quotes) WESTERN OILS AND MINES bast Gas 8 A1 rcv o BP Cans-j3 3rend3 Coi Scu'n Cdn Gas C-n ind Gas Oil 000 traded by the same time change, Panacan Resources O idlitldJ. U gained four cents to 35 cents on Monday. Declines were of ad- shares. vances 131 to 89 while 180 is- sues were unchanged. Bank, beverage, merchandis- KEW YORK (AP) The ing and steel stocks were high- j stock limped downward er while communication, paper slcHV trading today as in- I announces MINES ACTC Advocate Asb, Oelhlenerr B-tns.'. Can. N Lane Canad? Turg. Caviar Control Pa'. Ccns Coir La' e Martin McMeely Maclntyre h' eta Mid-im Intern MOQU! Ku Homes Npw Vhona V, Horsr Ccnpe' Cdn Oil ne AAcfors PD r 1 C Oil Cda Sid 33' 6. Ens O'l 6 ma5C3 1 TO Pip; 1 Grp A Util c .v-iant Hargreavss l Accept 2 Doug A 3 A 3 C- 621 Ferq Sloe i Cc'p n A 2 3 7 1 1 Corp 7 Cc C C 12 Lav Co'D i-> Vai CDA 2T o of Cda A 12 13 Grp A _, flM. Gas Pfd Ccin 00 16 Mtn Pp 3 Cda PD 1 O I 1 "S AA'g 55 Carb 6 1 3 V A 10 Cdn Seed Teyti B7 I n7' s 5 Hugh Crawford, manager of Atlcs Coal Mine in Drumheller, prepares to take a do'vn a 400-foot mine shaft. Faced with declining demand for coal, "the com- pany offer tours of its underground operation this summer. rumneller mine tours and forest, fcodproecssing and chemical issues declined. Consumers Distributing fell l'n by de- nd the nor- change edged out advancing is- sues 624 to 484. The bad news consisted of the continuing Watergate headlines, a strike against B. F. Goodrich and Co.. the hike of the prime rate, the expected rise in steel prices, and worries over in- flation. The good news included a bullish article in The Wall Street Journal on the balance of i mine's 14 seams. The tour, described in the Al- mhie. has turned to tourists to berta electric power industry help provide jobs for old-time magazine. Power Trends, be- aic the lowest two of the ferent phases of the I f.jO shares at the same time would be substantially reduced 50 55 00 31.17 13 S7'3 32 Vi 1575 61 25 I 7 37' 2300 34.25, 10 P71 7 85 6 15 II -0 17 "0 22 25 27 25 4 00 2 90 1R 75 33 37 cmplojces. The attraction is a ivhour journey -100 feet underground gins with a to a small house, once part of thru ing mine community. cutting into the coal face, drill- j Monday, ing, and blasting and leading. Banks rose .57 to 270 40 and Huge cutting machines operate utilities .13 to 158.44 while in- like a giant chain-saw to er- j dustrials dropped .13 to 237.24 cut, undercut and shear the, anrj the composite .01 to 225.54 i in the second half. Cabot Corp. was down to Among Canadian issues. seams of coal. Then two-man drills bore Dome Mines rose unchanged at I Walker Gooderham to and to Vi. i into one of the v oriel's laigcst! old mining equipment is i eight-loot holes I1'-inches in I poai fnrmnfions i rSisnlnvpri I j.___L-_ iV. __i .____ After a five-mile bus trip, vis- itors are lowered into the 400- diameter, into the coal seams. Compressed air in 11-foot shells is used to break Ihc coal, elimi- an eight-foot by I 11atinp the noxious iumes of coal formations. j "We tried the tours on a lim- ited basis in 1972 and they were such a tremendous success that foot shaft in I this year we're going to open cage. At the bottom chemTcarblastiiig." Atl'as'Ts ul. 1 from June to September, said i they are surrounded by the glis-! mlne jn Canada to use this mine manager Hugh Crawford, tening. 125-million-year-old min-'' blasting method. "This mine has over 100 miles of tunnel. Mr. Crawford tells visitors. ''If there was a with papers 12.033. On the Montreal Stock Ex- Seagrams to and change, TransCanada PipeLinss Inco Vi to Canadian Pacific dropped ]s to i v.ho conducts the tours himself. The Atlas mine, located at East Coulee, is the last opcr- ational mine in the Drumheller Valley, which ones produced three million tons of coal a car from 36 nines. It Oiw lens a year from a loima- j lion of coal lone ann er; POWER FROM BATTERIES The mine, said Mr. Crawford, 'ALASKA PIPELINE ESSENTIAL TO U.S.' SAN FRANCISCO (AP) Alaska Senator Ted He said Te- 1 Mobil 'and Shell Oil com- panies already have announced similar rationing plans. LOOK MOBILE HOMES 205 12th St. 'A' S. APPOINTMENT New York stocks (Snpplied By Richardson Secorities of an open flame igniting under- ground gaics Equipment is op- e.-rier! by baltcnes recharged in a special room uses e.sctncitv exclusively to' i f i i L the danger of sparks or ,et Trans-Alaska pipeline is I Slevens told a news conference. produce tons a day. yital to the United en. .'Within lhe past two weeks ergy needs and economy, a fuel shortages of gasoline have group of Alaskan businessmen' reached new heights across the and politicians said Monday. country." A pipeline task force stopped' Stevens, along with speakers A-r- and Gold5 272 t-t up i: Base Vet ICO 03 B-rh 62' West Oil 231 55 off NEW YORK 1 no 9 '-6 0 c" G' S 18! 58 o-f In' Teh :3 U'll 108 ?5 off Stacks 29i tO off Ind 5 y estimate that this mine alone has 30 million tons in it. The underground area is well lighted, but .Air. Crawford shows visitors dark a coal mine is by switching off the lights. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 42.03, average Monday 42.48. Red Deer: 4190, average Monday 42.09. Calgarj: 41.83, average Mon- day 42 02. Lethbridgc: No sales, aver- age Monday 42.33. av- Llloydminster: No sales, erage Monday 41.95. Fort Macleod: No sales. j erage Monday 42.30. i Grande Prairie: No sales, av- I erage Monday 42 20. i Fairview: No sales, average j Monday 42 15. Tt-ial hogs sold to 11 a m. I 637, sold Monday, avcr- I age 42.38. Sows average 34.70. Winnipeg grain WIXXIPTG iCI' T'.ic market turned actue at stead- ily higher prices at mid-sessicn toda> on the Winnipeg Com- modity Exchange. Flax and rapcsecd futures ucre sharply higher on strong exporter demands pushed i some flax futures up the maxj- mum JO c e n I s. fiapcsced i ranged up to tight cents above i previous close leveK j Oats and barle> were active i with domestic shippj" bin ing and commercial sjlling ti at "kepi pi icf.s reasonably Rve. more on interest uit'i pnce-i ad- Kapcsscd Vancouver' June 7' lugpcr 4 Sep i h gher 407 4 Ivgher Jan. higher 3.92-'sB. j Rapeseed Thunder Bay: May J S'-s higher 4.02ifiB: July 8 high-1 er Oct. 4 higher 3.78B: Nov. J2 3.68B Oats: May unchanged l.lo'aA: July unchanged 1.15 JjA; Oct. unchanged Dec. not open Barley May higher '.'.f6A: July higher 1.61ViB; Otl. 'i higVr 3.591-.; Dec, hiyher 1 57riiB. Rve- May 311 higher .Tulv 3 hi-iic- 1 Oct. 3 hjs'hs'- 1 63'2B: Dec 2'j higher in San Francisco to gain sup- port for construction of the 789- mile, S3.5 billion pipeline. The group will also visit Houston, A bus takes tourists back to j Denver, Seattle and Sacremen- the parking lot. where they re-1 to during its 10-day goodwill ceive a small package of coal! trip, as a souvenir of their trip to the "The energy situation is more mine. Don Siinaski, an Anchorage pe- troleum expert and Bill Vernon publisher of Alaska Construc- tion and Oil magazine, said1 they hope their tour of western cities will drum up public sup- port for the Alaskan pipeline route as opposed to an alter- critical now than it ever has' nate trans-Canada route. MPs want lo know when lax cuts ivill be debated OTTAWA "When, when. The finance minister at one i a separate bill or as part of an _ opposition members time had hoped to get the cor-1 omnibus bill. That decision still chanted in the Commons Moa-j porate tax cut before the house j has to be made by the govern- ,v ,._ day when Finance Minister before the Easter recess. But i ment consequently the minister Mobile Homes Sales and see John Turner stressed ths need cabinet had difficulty deciding has been delayed in presenting what Mobile Home Living ii all WAITER JOHNSON Waiter Johnson has been op- pointed as Sales Representativs for LOOK MOBItE HOMES SALES. With wide experience in the Mobile Home field in various parts of Alberta, he is more than qualified to assist you with your Mobile Home requirements. Walter invites all his friends and anyone interested in Mo- bile homes to stop in at Look in Canada for his corporate tax CAREERS Grain quotes Mor.dav M SERVICE SALESMAN! DUTIES 1. To write repair oraors for service department customers. 2. Dispense jobs to department staff 3. Calculate e'.timotej for mechanical repairs. QUALIFICATIONS 1. A keen interest in and a basic of mechanical repair work, 2. Willingness and ability to meet people at all levels of business. REMUNERATION Above average salary with a full tangs of employee benefits. Contact The Service Manager FORD Corner Mayor Magrath Drive, 16th Avc. S. Phone 328-8861 OTTAWA (CP) The capital budget of (he Farm Credit Corp approved by Ihc cabinet, v as tabled in the com- mons Monday A total of M2.'; 1.? million is set for the farm credit art. an more the s 107 07 nui- 1 lion provide 1 in !Iv ended I last il j The ?m.'.ll-fann dou inpmcnt program nn meieasc to Dec S20 million from K.MM.OOO, ;md tho amount for the innn catc-- credit nrt is up ViOO.OOO f i om the piovioiis Od yc.'ir. fit'r cuts proposed in the 1072 budget i and incorporated 'n his 1973 buciget February. Barry Mather White Rock) raised the question in the House when he noted that there arc "almost daily" reports of crcally increased corporation profits in Canada. Mr. Mather asked in view of these mounting profits if the fi- ice minister was not recon- sidering the governments ear- her proposal of reducing corpo- ration lax rates. Mr. Turner said the improve- ment in thn return on capital i for the business community ''in i no way lessens the need for the 1 corporate measures proposed in 1972." He said they were ''meant to enhance Canada's ability to compete in the medium and long term with the economic blocs in the world." It was at this point that sev- eral opposition members began chiding the finance minister by chanting "when, i They were referring to the j fact th.'it the government has 1 not yet brought the con-' trover.sicil corporate tax cuts be- fore parliament. in what form the legislation the budget measure to the j about, should be as I house. _____ Ask for this to learn howyou may obtain an 1DB loan to assist in starting, modernizing or expanding your business anywhere in Canada. Regional Office: 1C1 Portage Aven Winnipeg, Man. R3E OY4 BtatKil Brandon Saskatoon Lcthbridge Edmonton Brando Praif ;