Lethbridge Herald, The (Newspaper) - May 9, 1973, Lethbridge, Alberta
10 THE HIRALD Wednwdoy, May 9, 1973 Gold stocks lead market advance TOROXTO (CP) by eold issues, all sectors of the Toronto stock market advanced in moderate mid-morning trad- ing today. Golds rose 8.22 to 278.32. The industrial index, considered the major indicator of market trend, was up .62 to 220.11. base metals .06 to 100.53 and western oils .40 to 234.83. i Advances well ahead of declines, 125 to 95. while 169 is- sues were unchanged. Volume by 11 am. was 000 shares compared with DOO at the same time Tuesday. Communications merchandiz- ing, oil refinir and steel stocks were among sectors of the mar- i ket recording gains while pipe- line, trust and lean, real estate and general manufacturing is- sues were tower. Trading was halted at the opening in shares of White Pass and Yukon Corp. Ltd., pending release of information by the company. Precs rose Ta to Alcan 3i to Trimac :z to Federal Pioneer A to and Kaps Transport tO Peoples Department Stores fell 5s to Among gold issues. Camflo up 40 cents to Dome ".Tines 2 to and Malartic 12 rents to Faleonbridge Copper was down ig to Ms. Ranger rose S3, to while Asamera slipped 3s to Foncier advanced 4 to and Quebecor cents to 26 cents on 500 shares. NEW YORK CAP) Stock market prices were mixed to- day, and analysts said the mo- mentum of Tuesday's rally lost power in the absence of any positive news developments. The Dow Jones average of 30 industrials, which climbed nearly three points in the first hour, bad fallen .83 to 955.75 by noon. Among Canadian issues, Al- can rose 5s to i. Dome Mines 3 to '2 and Hudson Bay Mining and Smelling '2 to S 2 M a s s e ,v-Ferguscn dropped 's to and Mclntyre to SSC'z. Unifarm okays expansion in Mail call and female look Linda Lindblom ,of Lansdake, Pa., takas a look at Stan Cressman, veteran mail carrier as he delivers mail in the new issue shorts which U.S. postmen may they choose. MONTREAL (CP) Prices up in all sectors except Capers in light trading on the Montreal stock market today. Combined volume on the Mon- Teal and Canadian exchanges it 11 a.m. was shares, compared with shares at .he same time Tuesday. Industrials advanced .49 to 38.90, the composite .39 to banks .35 to 269.44 and utilities .11 to 158.47 while pa- >ers fell .30 to 120.87. On the Montreal Stock Ex- change, People's Stores dropped to Faleonbridge Nickel i to and Canada Cement Lafarge 1 to S57 while Credit I EDMONTON (CP) Provin- cial plans to expand natural gas service to rural areas not now served have received approval in principle from Unifarm, but the general farm organization is concerned about some as- pects of the proposal. Livestock Hog prices EDMONTON fCP) Closing "ferage prices provided by the ilberta hog producers market- tig board Tuesday: Edmonton: 42.22, average ,londay 42.42. Red Deer: 4182, average -londay 42 32. Calgary; 41.84, average .londay 42 32. Lethbridge: 4174, average Uonday 42.33. Lloydminster: 41.82, average .londay 41 95. Fort Maclecd: 41 90, average 42 30. Grande Prairie' 41.40, aver- Monday 42.20. Fair-view: 41.50, avera g e Monday 42.15. Total hog sales 10.524, aver- 42.03, no sows sold. Shell Canada Appointment Calgary livestock CALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards show sales of 700 head, mostly steers and cows. Trade was active. .Slaughter steers sold steady with sales to 43.PO. Heifers sold steady with cows mainly in lower grades and all grades steady. Sales of good dry fed cows to 34.70. Bulls -were scarce and sold strong. Steers Al and 2 43 to 43 SO, A3 41.50 to 42.75. Heifers Al and 2 41.42, A3 39.75 to 40.75. Cows Dl and 2 33.25 to 3150, D3 31.50 to 33, D4 27 to 31. Gocd bulls 36 to 39. Replacement caltie uere in short supply and sold at gen- erally steady prices. No good stock steer calves offered. A few good stock heifer calves sold steady. Good feeder steers more than 750 pounds 40 to 44. Good feeder heifers more than 550 pounds 37 to 43.25. Good stock heifer calves more than 400 pounds 40 to 45. No hogs fob Calgary to 11 a.m. Dobson Lea, president of the farm group that represents about 30.000 cf the farm- ers in Alberta, said today the Conservative government's ru- ral gas position paper tabled in the legislature is "strangely lacking in reference to the need for economies.'" Mr. Lea. in a news release, said Unifarm is concerned at the lack of recognition for co- operatives which have systems in some areas for the supply- ing of natural gas to farmers at reasonable rates. "We assume the government will provide safeguards to pre- vent the use of maximum fi- nancial support in areas where gas might otherwise be more cheaply provided by co-opera- Mr. Lea emphasized the pro- gram's budgot is million, but million will be in the form rrf guaranteed loans which rural residents can ob- tain from traditional credit sources. are hopeful that the po- tential inequities we see pos- Fibly arising in this system will be lecognized and corrected in the final The government position pa- per ''covered most major Fj-eas" in which Unifarm has pressed for action in recent enrs arid the organization has asked for reaction from all its districts, he said. e-minded tourists baffle Chinese traders CANTON (CP) Negotia- tors in China's seven-state trading organizations have built up an awesome reputa- tion a" canny Rut 'here a chpt- their cool. Baffle Ihc'n v.ith gemuis simple-mind- edness. Wandering tourist-fashion among the displays in the 10- storey main building of the Canton trade fair, you come to the floor offering pear juice, beeswax, health-giving water and finally tea. Just the gift for friends back home. Indicating interest, a state trade sits you down at a nego- tiating table for tea buyers. An interpreter is summoned. Two more state traders with red ribbons on their Mao jackets appear. The wheeling and dealing begins. You ubk about having a dozen tins of tea mailed to Canada. Looks of mild puzzle- ment. Oh, yes, the interpreter smiles. You wish to buy green tea. Perhaps you wish to buy it in bulk? No, no, just 10 or a dozen of those nice tins to be mailed to Canada. The interpreter translates, producing looks of hewilder- rnsnt, then a hopeful bright- ening cf faces. Perhaps you would like to receive 10 50-kilo cases of Dragon Well tea from Hang- chow? That's pounds of green ten. Finally it clear Mni a few !''Uc uns of tea shipped to Cansc'a. The looks now are of em- barrassment with much ner- vous smiling. How to tell this rnivc foreigner that the fair is big business, accounting probably for almost one-half of China's foreign trade? A flustered dealer sruTies sway and rpturns 'o press one of the tins rf trn rr tho for- "a Rift Then the trader realizes he broken the merchant's code. "It is a sample." The deal is over. ter me courses fail Dollar value MONTREAL (CP) dollar in terms of Canadian funds at noon today was un- changed at 6-25. Pound sterling up 13-20 at S2.51 1-10. In New York, the Canadian dollar was unchanged at 19-25. Pound sterling up 13-20 at A. D. Hoskins The appointment of A. U. Hopkins as Coordinator, Environmental Control, is announce-! by Shell Canada Limited. Formerly "Manager, Purchasing and Genera! Services, Head Office, Mr. Ilo'kin'! succeeds Rabnett who retired "Mav 3, 1073, after -pars service. Mr. Hoskins, ho holds a Master of Applied Science degree from the Universif of British Columbia, iome.d Shell at Montreal East Refinery in 1953. Mo.st of his career TK. ith the. Company ha? bee n in the Manufacturing Department and r-ior. to coming to Head Office in, -into in 1071, he was Superin- 'lent of Shellburn Refinery in i. ,-r.aljy, Ji.C. i n his new position, Mr. llo.skini i -e-ooivihle coordinating all crt-, of t''f! Company's environ- i ntal rni.trol hhell U c jrnmitt.ng an increasing amount of effort and money to nioet, more exacting enuron- j.-eni a The Company's in this field are cur- Trntl. running at over ?10 million aaaually. FANCY CRUISERS PARIS rAP) The Trench high-way patrol of men ha.s five neu luxury cars for patrol- ling the miles of routes that have no speed limit. The two-door Citrcen-Maseratis, Which cost each, have a top speed of 150 miles an hour ar.d come equipped v.ith leather upholstery. SAGIXAW, Mich. (AP) Two years ago Pat and Bob Flathau get angry about soar- ing meat prices and decided to grow their own beef in the backyard cf their suburban Birch Run home. Tneir two steers are gone row, and things are quiet _at the Flathau's place. But bit- t3rsv.-cet memories remain of the family's two-year esca- pade with the late Linus and Blackie, now resting i n the Flathau freezer. "I don't care if meat goes to S4 a pound. I wouldn't go through this Pat said b.st v.cek. In the spring of 1971. chuck- steak was being sold for the price of 68 cent a pound; rib roasts, for 88 cents. At the timr, the Flathau Bob and three a neat subur- HORSE SALE TO BE HELD AT HAT LIVESTOCK AUCTION CO. Located South of Airport on Highway No. 3, MEDICINE HAT SATURDAY, MAY 19th at 12 NOON LUNCHES AND M5ALS WILL BE AVAILABLE TERMS CASH Entry Fee of Per Head Wiil Be Chargsd On All Entries. Selling Commission 3% We will be expectinq horses of various breeds, iniluding saddle hones, children's ponies, draft horses, pleasure horses, brood mares and colts. SCHLENKER AUCTION SERVICE 5CHENKER 527-7376 AUEN SCHACHER WENT SCHLENKER ALTA SASK. BONDED Office Manager WYNN STURM Phono 527-2814 ban backyard with swimming and picnic table. And they had a "picture-book" barn for the boys' pony. Exit the pony; enter Linus and Blackie, a pair of Hcl- stein Life around the Flathau place was never to be quite the again. "Linus took a special dis- like to our youngest son, Jeff, for some reason we've never bean ab'e to fifTure said. "He couldn't walk pact the corral without having to defend himself." ESCAPES OFTEV Linus kicked holes in the enlarged barn, knocked down fence pests and escaped often. Ee made the sweet corn patch his personal pantry, Pat said. Bob remembered thai trouble increased as the prize steers grew. "The o'dcr they got, the worse they he said. Attempts to keep accurate expense records on the pan- soon fell to disorder. "The recommended daily diet for fattening a two-year- old steer is 23 pounds of corn or sorghum silage, four pounds of red clover hay, 14 pounds of ground grain sor- ghum and l'i pounds of lin- seed or cottonseed Pat said. For thf.1. the Flathau fam- ily get 486 pounds of beef from Linus and 489 from Elackie. A nagging fear hangs over Pat and Bob: What if the chil- dren refuse to eat meal? After two years, Linus and Blackie had become pets. SHANGHAI (CP) Attempts to speed the production of doc- tors in China by drastically re- ducing schooling and drawing on the semi-educated worker has largely failed, visiting Ca- nadian doctors say Attempts following the up- heaval cf tho cultural revolution in the late 1950s to reduce medi- cal schooling to two years or less from five have been partly abandoned, the visitors learned in a visit to the Second Shanghai Medical College and from conversations. A two-year post-secondary course designed to turn out full- fledged doctors has been re- placed by a course of 3'i years. The standard in Canada is four years to MD degree plus inter- nship and further years for spe- cialization. The shift is assessed as an in- dication that the revolution's stringent admonition to turn out more university graduates with less time-wasting theory is More new houses in Canada OTTAWA (CP) The annual rate of housing starts in the fi.-st three of the year 26'J.aflO uni'.s, up from 500 units in the same last ytar, says Central Mortgage and Housing Corp. CMIIC said in preliminary figures released Monday the an- nual ratp rose to in March from units in February. Starts in Grban areas In March amounted to bringing the cumulative total for the first three months of 1973 to Starts in all areas totalled House completions in urban areas in March totalled about 800 more than in March, 1S72. Completions in the first three months of this year reached about 2.000 less than in ahe same period last year. There were units un- der construction at the end of March compared to uniis a year earlier. CMJrIC said demand continued at a high rate in March with tte number of unoccupied ono and two-family units declining to from in February. being relaxed, probably in other fields such as engineering as well as medicine. Emphasis of the cultural rev- olution between 1965 and 1969 was to break down development of a cultural elite, cut cut educational frills, correct the trend towards alienation of pro- fessional recruiting from among workers, peasants and soldiers; to stress practical work in serv- ice to the people instead of the- ory, and to deliver medical care to the countryside where 80 per cent of the population lives in- stead of concentrating it in the city. PERHAPS TOO STRICT Indications from answers at the medical college v.ere that the interpretation of that dic- tum may have been too strict because medical students were being deprived of sufficient basic scientific to de- velop as doctors, the Canadian doctors say. Cultural revolution provoked a hiatus that kept universities closed for several years and they only recently resumed op- erations on a limited scale. For example, the Shanghai medical college visited by Canadians had students in 1965, re- opened with the two-year course in 1970 and last year opened the somewhat longer course with 500 students. Also abandoned along with two years of schooling for doc- tors was a program whereby casididates were put straight into clinical practice in the napes they could learn by two years' expsrience enough to make them doctors. Despite the trend to more basic scientific training, the medical college has a current class of 230 with several years' experience in paramedical serv- ices, including nursing, that is planned to turn them into doc- tors in one year. Chinese pro- fessors said enigmatically that it is too early to assess the re- sults cf that program, an in- dication that it is not succeed- ing. A professor said that the mo- tivation of the one-year students is high but their background education varies and that is causing difficulties. Nevertheless, the professors said that they want to per- severe in efforts to train doc- tors faster from among the worker-peasant population and persist with programs whereby trained doctors and trainees alike spend time en communes and in factories because China's main problem is bi inging medi- cal care to the vast masses. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCuaig Limited) LAST BID OR SALE a.m. Ouotts) (H-.OO Qwint a.m. Quotes) WESTERN OILS AMD MINES Alta East Gai Alminex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Charter Oils Chieftan Dome Dynasty Fort Reliance Giant Mascot Granlsle Gt Plains Gt Cdn Oil S Lochiel Lytton Min Noble Mines North Cdn Oil Numac Pancdn Pels Pan Ocean Petrol Pinnacle Gas Ponder Panner Scurry Rain Tot? I pets Ulster West W. Decalta INDUSTRIES Acres ltd Anuitaine 23. BC Pfd Block Bros Brinco Cdn Brew A Cdn Brew B Cdn Pacific Inv rrestfook md Crowsnest Ind Cygnus A 7.75 Cygnus B 7.75 Falcon Copper 13.75 6.55 F and M Trust 7.25 V.95 Genstar 16.75 Home A 15 25 Home B 5.75 Hud Bay Co 21.75 4.10 Hud Bay Oil 4650 3.65 Hud Bay A Pfd 55.50 7.05 Hugh Russell 4550 J.25 Husky Oil 22.50 .21 Husky B Pfd 42.4JV4 45.50 Husky D War 7.95 4 CO Husky E War 8.95 11.25 Inter Prov Pipe 9.50 36.25 inter Prov Steel 14.25 9.10 Kaiser Res 3.40 .32 Loblaw C Pfd 31 3.10 Magnasonlcs 12 25 9.75 Pacific 3050 30.59 P W Air 11.75 8.75 Pe-Ben 7.25 2.39 Rainier Inc 450 1.66 Royal Trust 25.62V4 1.35 St. Maurice Cap l 10 7.95 ssndwell 3.75 16.00 Teledyne 450 13 75 West Cdn Seed S 87Vi 12.75 Westfield Min 1 19 West A Pfd 62.50 .24 west Min Wts .79 .56 PIPE LINE STOCKS .40 Alta Gas A 20 (V) pfd T> "f 1700 Alfa r'a' Inland Nst Gas in M N and C Gas 10.75 7.10 N and C B Pfd 2? no .92 Pacific Trans 12 19V4 7 So Metro 4 70 Gaz Metro A Trans Pipe 'i Tr Cda A Pfd tl 75 Tr Cda B Pfd 23.50 Tr Cda War 7 60 WC Trans 2 75 WC Trans Wt Nat Res 7.92 1.44 N W Cdn 5.64 4.20 N W Gr 5.32 5.8J Principal Gr 4.52 4.W Royfund 6.83 7.11 Temp Gr 9.44 10.34 United Ac 5.32 5.M Universal Sav 8.07 1.87 Unlvest 4.01 4.40 Vanguard 4.74 CALGARY Acrcll it Barons Oil .03 North Continental .01 Vi West Warner .3S VANCOUVER MINES Afton t.3S Atiss Explor .45 Bath fJorso .82 .04 Dankce 1.25 Davenport .50 Dolly Varden .30 Equtcrlal Res Lornex 8.50 Primer .13'4 Pyramid .16 Silwr Standard .62 Valley Cowr 9.50 INDUSTRIALS Col Brew 3.00 Hys Cdn Key Indust .32 OILS Albany Oils 1.25 Prp Explor 1.15 Powderay Expor 1 02 Pains Fete .23 Stampede Int Ret M Toronto mines, industrials (Supplied By Secnrlties of Canada) LAST BID OR SALE a.m. Cuotei) f.m. Sucres) (11 00 a.m. QvofM) MINES Acme Advocate Asb. Akaitcho Bralorna Sroulan Bethlehem Brunswick Can. N W. Land Canada Tung. Caviar Central Pat. Chlrro Con west Cone. Famcier Com Lale Ccchenour Dickenson Mines I D Falco-bridje Frohex First Maritirnes Giant Y.K. Bouls Granduc Hollinger Hudson Bay M-S Hydra Ex. Iron Bay ISO Joliet Quebec Kprr Addison Key Anacon La' rado- Lake Shore Lannjs Silver Madsen R.L. Walartlc G F Martin McNeely Maclntyre Meta Intern Nil We'f Ho-nes New Athona New ralun-et W. Horse Copper Norrnds Morthoate Noriex Oslsko Pine Point 31 50 Grt Cdn Oil .17 Placer Dev. Gen Motors 1 17 PC. Exp. 2.90 Grt Lakes Pp 1.20 Quebec Man Gulf Oil 2.20 Rayroek 1.45 Greyhound .41 Radiore 32 Hawker Sid 14.50 Rio Algom 25.75 "Hur tf Erie 450 Roman Corp. Hiram Walker 4.50 Sherrlft Gordor 15.75 Imo Oil 1 85 Steep Rock 1 67 Imasca 1P.75 Tek Corp. 3 f5 Int Nickel 1.30 Texmont .57 Pine 1.35 Upper Canada 5 Inv Grp A V.'esiern M'nc-s 3.10 Int Ui'l 375 V'rmht H5rgreaves 1 "1 Inn" Accept .71 Wlllrov I.n7 Kars 1.05 V'mdfall .10 I T -ntide ?.n Ycllcv-ife Bear 3 K-'lv Doug A 31 75 .07 .psv, INDUSTRIAL; in'-isvA 31 i n "I "rt co ro F Alaomfi Plc% rO A'lanlir r'i A "i Aim 5 It '0 Bell Tel I "i .23 Frrzil Trac 23.00 .43 B C. Tel 54 8.20 Burns 2 M B.C. Forest 1C 62''2 3.25 B C. Supar 20 37Va 4625 Bow Val Ind 30.5D 22 75 CAE Ind 1025 .23 Cdn Brew 3 80 Chpmcell 4.dO 2.10 Col Cell fa 24 Caloary Power 27.75 12 Coron Credit 1 PS .24 C.W.N. Gas Pfd 11 4S 00 Cdn Ind 1 .17 Domtar 1987''2 Dom Textile 325 Dom S'ores 13 P7V2 51 25 Dome Pete "75 5 90 Dofasco 27 .tf Cable is .22 Glendale 10.75 73.00 21 .2S 33.25 19.75 4.10 30.75 J3.SO 31 .SO "025 25. 2S 1125 Jf.OO 8.17 17.7S 7.00 31 7-1 .17.7! f1' forth f, Crnt Power Corp Pries Co Pothmans Law Corp Shell CDA Simoson's Simo cf Cda Selkirk A Toxpco Tradfr-i Grp A Trans Mfn Po Trans fda Pp Union Union Oil United S Versatile Mfg Westeel Union Carb Wes'on's B XVcoHwerd's A We't CHn Zenith BANKS Cdn I mo Nova Scotia Tor-Dom 12.00 15.871A 14.00 19 fn S5.50 si 13 S? W '0 1775 3' "'i 11 "0 15.50 6.'0 14.no 1750 27 2.75 31 .M 1C 35.00 35.75 33.25 New York stocks (Smjplfpfl By Richardson Secnrittes of Amr T and T S3 75 Sears 99.75 20 Golds 279.48 up 9.3S Anaconda 19.62Vi X.Ron 96 10 Base Met 10052 up .35 Beth Steel 11.75 Texas Gulf 15 W Oils 234.40 off 03 Chrysler l Texas Co 3700 Volume Dupont Wickes Corp 1955 vnpic 7? 25 Wsolwcrth 20.75 NEW AVERAGES Gulf 2575 Wsstmqhouse Elec 35 30 Indusf 955.52 off 1.05 Int HnrvMtfr Steel 3475 20 R ils 186.28 off .61 Int Harvester Gen Tel Eloc 29 V 15 Utilities 10376 off 01 Kenn Copper 26 621j TORONTO 65 Stocks 297.2 off .44 Montgomery Ward 23.37yi 20 Indust 220.17 up .68 Volume Grain price review Winnipeg grain WINNIPEG Led by flax, all commodities were up slightly in moderate trading at mid-session on the Winnipeg Commodity exchange today. Most flax futures were up to the 10-cent trading limit, while rapeseed was up as much as 6V2 cents. Feed grains were also up slightly after a weak opening for cats and barley. Tuesday's volume of trade was bushels of flax, of rapeseed and 000 of rye. Mid-session prices: Flax: May 10 higher 5.46B; July 10 higher 5.38B; Oct. 10 higher 5.18B; Nov. 9 higher 5.07B. Rapeseed Vancouver: June 3 5i higher 4.13 3i; Sep. 1 ?8 lasher 4.10 Nov. 2 higher 4.01B; Jan. 2 higher 3.95 Rapeseed Thuno'er Bay: May 6 Vz higher 4.10 July 2 :i higher 3.99 %A; Oct. 2 3i hip'i- er 3.83A: Nov. unchanged 3.70B. Oats: May 1 3i higher 1.17 Gold futures WINNIPEG (CP) Gold fu- tures, U.S. funr's, Winnipeg Commodity Exchange close Monday. Jly 73 93.60B; Oct 73 95.80B; Jan 74 97.90B: Apr 74 99.95B; Jly 74 102.00. Monday's volume: 18 con- tracts. Beef futures WINNIPEG beef futures close Monday. May 43.10B; Nov 41.03B. Monday's volume: No con- tracts. %A; July 1 higher 1.17 ifcA; Oct. 34 higher 1.12 %B; Dec. higher 1.10 Barley: May "s higher 1.69; July 1 higher 1.66 Oct. higher 1.61 %A; Dec. higher 1.58 7sB. Rye: May 1 higher 1.58 B; July 1 higher 1.61 %B; Oct. 1 -1-i higher 1.65 '.sB; Dec. Ta higher 1.62 LOOK MOBILE HOMES 205-12th St. 'A' S., APPOINTMENT NICK BOWES Jack Look of LOOK MOBILE HOMES SALES, is pleased to an- nounce the appointment of Nick Bowes as Sales Representative. Nick has lived in Lethbridga all his life, has had a wide variety of tale: experience, and will pleased to help everyone with their Mobile Home needs. Nick welcomes all his friends and ac- quaintances to drop in to him at the LOOK MOBILE HOMES SALES LOT.