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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 18, 1972, Lethbridge, Alberta (initiations Vancouver, Calgary, Montreal (Supplied hv Dohcrlv, Mcfiiui" Limited) LAST LIU) (Ml SALE Quclesl P.m. Cjuoles) a.m. Quotes) WESTERN OILS Dinky Oil Invest Mutual 5 Bl 6 3S It Stock me in active TORONTO (CPi Cold is-pues on the Toronto stock market turned fractionally while prices in other .sectors ot tJie market moved higher in active mid-morning tra; ing. The industria index was up .50 to 201.50, base metals .51 lo 97.13 anil western oils .50 to 213.38. Colds dropped 1.74 to 204.8-1. Voumc bv 11 a.m. was shares, up 'from TUil.OuO at the same time Wednesday. Trading resumed in Ihe share of Unas Investments aflcr a brief delay at tho opening. Slater, Walker Canada said il now owns about 6ii per cent up trade tlie company and has proposed a merger. Advances outnumbers declines by to-one, HO io 85. v.-itli 170 issues unchanged. Banking, cliemica communication, merchandisi ig, steel and food processing issues scored moderate gains while industria mining, trust and loan and oi refining stocks drifted lower. Hank was UD 1 lo S, Moore ns to S44'.i, Texas Gulf Inc. '2 Patiiio 'i io ?33, Labatt 'i to S2Gni and to 575' 2. Ivaco Industries gained 3a o 519nj, Scottish and York i o S17. Pacific Western !b lo Bethlehem to 520 and Bank of Montreal 3s to S213i. Fraser Companies lost to 513, Dynasty ".i to Chieftain 10 cenLs to 59.30, Bell ii lo and Campbell Red Lake to BANKS GAIN MONTREAL (CP) Banks led other sectors in moderate gains in light morning trading today on the Montreal stock market. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 4C6.000 shares, compered wilh at the same time Wednesday. On index, banks added 1.90 to 268.17, industrials .92 to 207.11, the composite .72 to 204.77 and papers .20 lo 87.11. Utilities dropped .51 to 161 22 Among gains on the Montreal Stock Exchange, Falconbridge rose 5'4 lo S753i, Moore 1 to S44'i. Rapid Data '1 lo SlGli, Du Pont 'a to and Dofasco to 529's. Royal Trust foil lo S39'i Wcstcoast Petroleum 'i to Intel-provincial Pipe Line lo 531 and Scott-LaSalle ri to 574. On the Canadian Stock Exchange, Sciminex gained four cents to 75 cents on 2G.OW shares traded. WAHKET RALLIES NEW YORK (AP) The stock market rallied today after neu-s that U.S. corporate profits in (he first quarter showed the sharpest gains in a year. The noon Dow Jones average of 30 industrials was up 707 at 948.22. Advances led declines on I he New York Stock Exchange by more than 2 lo J. Noon prices on Lht NYSE's most-active list included Cur-liss-Wright up 1 at Avery Products up !i at and Gulf Oil oft "I, al 524. Dome Mines, which had been up sharply Wednesday, was off In S72'z. Mclntyre Porcupine was up at ?69 and Distillers Seagrams up a similar amount at ?37. Alcan lost '.i to On (lie American Stock Ex-rhange, Brascan Ltd. was off !e at East Gft3 ft--.ll Inter Prov Sttel 11.87' j Mulunl Gr F 'S.73 6 M Asamerfl IE 'i Res 3 f.Q Hfil Rr. 80 Asnliinrt 11 71 Pacific 3UO N W Fin 5.76 RP Oil Gns i Pi Rainier 8.10 ri W Gi 6.JO 6 S! Soulh 53nriAPil Principal Gr X.P9 5.10 Crln Fx Gfli 371 IHptlyne Rfiyfunrt A. 22 ft. 09 Ccln Homcstd 7 00 Acme 40 Pine Paint !U.50 Cflble 1B.75 Asb. 1 Placer Dev. J7.50 Ford of Arn 64.00 Akallchn" P-C. Exp. 3.50 Gl Cdn Oil 6.10 Bralorne 5 .'6 OUEbec Man .10 Gen 74.00 Dr-uUli !7 Ravrock 1.15 Gl Lakes Pq 17.ZS Bi-fhl-hem Jo'ro .31 Gull oil Cda 27.75 Brunswick -1 Rio Algom Grevhound 2050 Canada Tunq 1 50 P.Oman Corp. 7.50 Hawkor Siri ?.ro lung. Gordon ,5 io Hur Erie 30 m Central Pat 1 W Silver Miller Hiram waiker 35 CMmo 3.M im, Oil 33.15 Convnr.l 7 Tck Corn. 535 Irrasca 53.75 Cons Rambler 7 P7 Texmont 5i Inl Nickel 3fl.87'3 roin Lak. ,1 Unner Cannda 705 Inl Po 21.37'i Cochenouf '36 Wesle'n Mines 3.45 Inv Gro A CYalomont ta Wriuht Hargrove: 1.35 InlUlil Dickcnsm Mines 1 60 Ind Accept 19.35 Dpnison Mines 3350 Windfall Lnurenlide Horn 'o7 YellTO'knlis Bear Kelly Douq A 7.63' i D'Pldona 3.55 Do" Jl'tiS INDUSTRIALS l.oblaw A 7.75 airtmn "i7 Ahl'lbl Mel It. 3; bast Mclarllc 1 50 Wassov Fern N.M Sullivan T PZ Alqoma McMillan BIOS 75.50 takonbrldoe J5 00 Alco 'nd lnR7'-3 Moore Corp Allinlk Suo.r 6.50 MoKors A First Marltlm'5 85 Anra Ind I.i. 75 Mclsons D 7'. so Giant Y.K. JJS Bell Tel u.y> rJorlh Cent u.ra i on Branl Trac 71. '5 POV.TJT Corp 10.50 r.randuc 3 95 B.C. Ttl 63 3! Price Co. n.75 Hollinger 00 Rolhmans 71.50 Hudson ear M-S B'C' ]n'M Iron Bav 360 Bnw Vnl lnd Simnson'. 1ST 01 CAE Irrl Simp Sear! 39. 17' 7 JOIiCt Quebec .37ii Cdn Brew SIPJI 01 CdS 3J.75 Gas' Pld Trans Cda" Madsen B L 7! Cdnlrd 17. SI Union G-1S 7J M >'BHrllc G F 74 "n Marrml ?.75 Union Oil Martin McNeely rdn Il.e7'-i v.rsJililo 00 rhprv.lor 70 no Midrlm '16 Commco 39.75 Wcslon'l B Intern Moqul 9 F5 Con5- Ba'h '--s Woodward's A Nu WPM Horn-! 9' 53 Con: Gas IS. 35 w Cdn 7.00 Alhona li W Nal Gas 75.35 7.enllh Flee 7.B5 NPW Calwmel Dl5t 3375 BANKS Horse Copper 2.'.5 Dom cdn lrnl> ".50 kl j KK ,0 Domtar 1-175 Montreal 71.00 Noranda 3fl .0 Dam Tcxtne Nova Scolla 3B.50 Hudson Bay expansion outlined WINNIPEG (CP) The large expansion program in the Hudson Bay company's retail divis on was outlined hy Governor George T. Richardson al Ihe corporation's annual meeting. Mr. Richardson plotled a re-stai store development program which has seen 21 major oullcls opened, or due to bo opened, from to four jn Vancouver, one in Kelowna, Iwo in Edmonton, Iwo in Calgary, one in Prince Albert, six in Ottawa (including five acquired in the purchase of A. J. Freiman Ltd. of four in Toronto, two in Montreal. one in Baie Comcnu. nnd one. in Labrador City. The company has also entered into a joint venture witli the G. W. Robinson Company Ltd., a leading retailer in Hamilton, and hopes to m a k e an am ouncemcnt shortly on the ocalion of a new store in Winnipeg likely o lie situated somewhere wcsl. of the By Gene Fawcolla CYCLIC TRAFFIC TR4FFIC MOVES IN A STRAMg; WAVE-LIKE AYDTION WITH .2B Dome Pets 36.l2''j Tor Dom 31. 7i New York slocks (Supplied By Richardson Sccnrilics of Canada) Amr T end T 42 621 Sears mm 20 Golds off I 16 Anaconda Sid Oil of N.J. 71 10 Base Met 97.76 up 59 Befh S'eel 21.50 Texas Gulf 117.50 15 W Oils TUOfl up ,60 Chrysler Texas Co ao.H'j vs'rjrne 1 -150 000 Camsal 6-1 30 XVicVos Corp YORK AVERAGES Ducwnl Vn'oolworJh 3B.OO 30 Incluit 9.iB 15 up 7 00 78.35 Weslingiicuse Elec SI .37'.; 73 Rails up .65 H U.S. SlPGl 3225 15 Utilities 1D3.SS un '3 Kenn Copper 33 87' TORONTO AVERAGES 65 Sfccks up 1.67 Montgomery Ward 16.75 70 Indusl 301-70 UD .70 Volume 6-MINUTE CYCLES! THIS SURPRISING FACT WAS DISCOVERED BY ROAD SENSORS AND CONFIRMED BYAERIAL S7JDIES SHOWING THE j WAVES A'OVINS AT OPPOSITETOTRAFFIC ...THIS SffMS TO PROVE THJTPfitVERSMTMFFtC, COUECWE COfi-7HOi OF POSTfP LIMITS. report futures WINNIPEG beef fuliu'es close Wednesday. 37.SOR; .luly 36.30B; Sep 34.50B. Tuesday's volume: eight livestock 53iM lo 3o- Choice lieifers 31.50 CALGARY (CP) Receipts Io 35'30' good 33 to 34'25' ket lo 11 a.m. lolalled 1.075 2G-50' head, mostly Rood to clioice "nf. lo slaughter slccrs and cows. r" tn Trade was on a strong and ac- Replacement cattle were live bash mainly steers weighing 800 to SlauBhtcr steers sold steady scllinS on a mlh Ihe hulk of sales high on No stock the quotations. Heifers were on oller-steady. Cows were mainlv me- G d sheers 750 dium and canner kinds wilh all ul' roed-grades selling steady. Bulls er heifers 32 to 31.50. steady. average base price Choice steers 36.50 lo 37.40, 30i20- TRADE UP NOW TO ONE OF THESE IOW MIIEAGC CADILLACS "Standard of the Motoring World" AH equipped wilh air conditioning for 1971 CADILLAC SEDAN DE So 2o lo miHlium r UOIT prices Sovicl-Lanada p 11 1 EDjrONTO.V (CI') Avcr-UUK.S age prices to 11 a.m. provided by the Alberta Hog Producers OTTAWA (CP) High-level Marketing Hoard: Canadian and Soviet govern- Kdmoulon: 30.20, average mcnt lenders hepan today two Wednesday 110.23. days of discussions on Ilwl Deer: .10. 1.', average Wc'rlnrsrlay .10.22. A Irndc drpnrinH'iit r man said the meetings arc pri- 1 Wednesday 30.21. vale but a public statement on Ixilhhridge: No sales, results will be made Satur- npe Wetlnesdny 30.25. (ay. Uoydminslcr: No sales, av-Tlic meeting is Ilic firsi In crnge Wednesday 20. Ml. Canada by Ihe ftramlc Prairie: No sales, tr.dustrinl Commission, ernaled average Wedncsflay 20.50. in February, when Trade Total hogs sold Wednesday Minister Pcpin average 30.22. Sows aver-Mo.seov.1. age 22.75. custom AW FM radio, p us other 1971 CADILLAC SEDAN DE VlLLt i In n lovply ninfoon finish wjih v nilo vinyl roof nnrl nic 'rhino, in 'prior. wilh cr ronirnl, nov.-rr icat nnd windows, elednc door locks, slcrno lapti custom radio, plus other ex Ira s. 1970 CADILLAC SEDAN DE VILLE j n lovoly olivn f.mih wilh blcick vinyl roof, fquipprd i W lh cruise conlrol, power s, c.'nlom ind O, p us many exclusive Cadillac 1966 CADILLAC COUPE DE VILLE Lovely hlun finish with b net vinyl rcif. Equinpml t oLJatcrtron 1971 BUICK ESTATE WAGON (3 roof elr-Mnr r rrnirnl AM Call 320-1101 to view ono of thcsct fine can BENY CHEVROLET OLDSMOBILE 2nd Avo. ontl Blh Si. 5. 4th Avenue S., Lclhbridgo Tclephono 328-4426 charges spiked CanPac Minerals controls extensive Alia, coal fields MONTREAL Use' flacon, president of (he Quebec Liberal parly, today denied charges thai Ihe Liberals are selling up vigilante committees across the province. Her denial followed accusa- tions from the Quebec Teachers' Corp. and statements in Ihe na- tional assembly by Justice Min- ister Jerome ChoquclLe that G' special agcn1j; been named 10 assist municipal police Baie Comcau. Mr. Choquclte said outside Ihe legislature later tho special agenls were given powers under the Police Acl which allows mu- nicipalities tn make such ap- pointments for seven day pe- riods during emergency situa- tions. While brushing off .the vigi- lante, charges. Mrs. Bacon said she had called for the formation of aclion committees tn bring together the voices of the silent majority of Quebccers. "The majority of Quclwcers, Ihe silent group that considers its passivcness as an uncscapa- ble reality, now should express their feelings." Mrs. Bacon said 11 was hoped the action commit- tees would be a catalyst for this group. She said there was no ques- tion of forming a parallel sys- tem of public protection or vigi- lante groups. "We have full confidence In our present Mrs. Bacon said, adding that it was neces- sary at a lime like tins "for these whose forces are temporarily insuffi- cient to augment them." She said that the Liberal party had no intention of resort- ing lo methods used by others or using strong-arm tactics. PROTECT PUBLIC Tuesday, Michel Agnaicff, secretary of the 70.000-membcr Quebec Teachers Corp., said in- structions sent out on a Liberal party telephone network called on local organizers lo: a citizens com- miltee to protect public order in your community; that the citizens com- mittee gets the mayor and mu- nicipal councillors to name someone responsible for re-es- tablishing public order and peace." The parly directive also said the person named lo restore order should have Ihe power to nominate "peace Mr. Agnaieff said. He said the directives were "at Ihe least disquieting" and called for establishment of "sheriffs in Ihe wild west style and vigilantes." Mr. Agnaicff said the teachers union had obtained its informa- tion from persons who had pre- viously been Liberal parly offi- cials and who received the directive on the party telephone network. Olson farm statement premature EDMONTON (CP1 Agricul- ture Minister II. A. Olson was premature wilh a statement that Alberta is ready lo sign an agreement with Ihe federal government on Ottawa's plan lo bolster farm operalions, says Hugh Homer, Alberla ag- riculture minister. Dr. Homer said in an intcr- vicv.- no proposed agreement has been laken lo the Alberla Progressive Conservative cabi- net and none he considered unless Ottawa meets certain conditions. "We went back lo Mr. Olson uith what we wrint in an agrec- nienl and I slill have nnl hnd ,1 response If vc arc going In have meaningful consullalions. it would be wise fur him In slop mating premature .slnlr- which could end up killing negotiations." WON'T HAM' Mr. Olson told Cuniinnn.s agriculture commillro in Olla- wa that nl li-ast two other prov- inces are also near agreement on Hie plan lhat uonlcl provide smaller, younger farmers v.illl opportunities io increase Ihcir holdings, and nldcr, poorer ones rehro nr move into olh-.T occupations. Hill, he .-.Yuri, he 11 a.1; nnl. will- Ing lo wait any lunger for other provinces lo decide whether lo join Ihe plan. The gcivcriinii'iil insliiule tin! seven year. program without I hem. If prm inci.-it rnn'l be rcacliril, tic ''we'll i oraralc it ourselves." By JIM MAVBIE Kl.jff CanPac Minerals Limited of Calgary has purchased Ihe assets of Dynamic Power Corporation, giving it lotal one of Ihe largest coal fields in Alberta. The Herald has learned. The Ardley coal field, 25 miles east of Red Deer, has been Ihe subject of discussion hy Calgary, Red Deer and officials as a possible site for a thermal electric power plant to supply tho three communities. It is also of interest to Calgary Power. The field was formerly owned 40 per cent by CanPac, mining arm of CP Rail 60 per cent hy Dynamic. With the purchase of Dynamic, CanPac now controls all tho coal in the field. Purchase pries not disclosed. theory Marshall, manager of engineering and production for CanPac, said in a Herald Interview that geologists now are over field information to WASHINGTON (CP) The ''sympalhly vole'1 apparenlly contributed litllc lo Gov. George C. Wallace's impressive viclo-ries Tuesday in Maryland and Michigan primary elections. Many political observers have suggested that there were so ninny emotional factors particularly centring on Ihe altemptcd assassination of Ihe Alabama governor on the eve of the that it was impossible to draw firm conclusions from the results. But several polls suggested that most of those who voted for Wallace had made up more accurately the amount of coal in the field. Some cslimates have been tn tlie billions of Ions, Mr Marshall said, "but at this point wo feel there's more ]ike 450 million Ions of recoverable bituminous coal." In any event, the field is considered one of the largest, if Grain prices Winnipeg Grain WI-NNIPEG prices fluctuated fractionally in a fair volume of trade at mid-session on the Winnipeg grain exchange today. Exporters were limited buyers in that commodily and local and commission houses traded on both sides of the board. Flax prices firmed up on stronger exporter buying, meeting light hedge offerings on the advance hut the rest ot lo do so before the Monday shooting incident. In any event, Wallace long had been predicted lo win the Democratic primaries in both states. The emotional school-busing wilh Wallace Ihe main crilic of Ihe scheme lo force greater racial balance in was a big influence particularly in the Michigan voting. There is no law in lhal state to prevent registered Republicans from crossing party lines and apparently many did lo act as spoilers while also using their votes to express their opposition to busing. SOME the largest, in Alberta. The coal underlies to acres. There are no immediate plans for development, Mr. Marsh all said, but the coal will most likely be used in the future for thermal power production. The coal, he said, is dirtier and of a lower quality than the Brooks coal field, most of which CanPac also owns. He said it may take 10 years before the Ardley coal field is developed. CanPac's exploration anc proving of coal properties at Isolation Ridge, norlh of Cole-man and at Panther River market was quiet and dull. Volume of trade Wednesday was bushels of flax, of rapcseed and 42S, 000 of commentators suggested lhat a number who halfheartedly supported Wallace for the Democratic presidential nomination may have made and north of Calgary are in limbo pending Uie province's new surface reclamation act and new department of tlie environment regulalions. Mid-sossion prices: Flax: May 1 'i higher 2.68 3iB, Julv 1 "2 higher 2.70 i'zB; Ocl. 1 'i higher 2.72 Nov. 1 '1 higher 2.71 VjD; Dec. 1 higher 2.70 '.i. Rape-seed Vancouver: effort (o vole for -im as an expression of sympathy. On the other hand, in some traditionally liberal areas of Man-land Ihe lurnoul was so poor that there was speculation (hat some who oppose the pci-sonnel discovered coal north of Spanvood, B.C The find has developed inlo the multi million-dollar Fording Coal project which this year started producing coal for Iho Japanese steel industry. 'i higher 2.57 3'6A: Sep. governor changed 2.5IJ TwB; Nov. 'H up the chance to er 2.55 -IsB. Jan. U higher 2.54 Rapcseod Thunder Bay: him in the circumstances. Wallace had easily won buys unchanged 2.4G July primary as a higher 3SA; Oct. 'i lower 2. 50 Nov. unchanged presidential candidate in 19GB and his victory there Dec. U lower 2.45 was no Oats: May unchanged where the July 's higher C9 Oct. unchanged 70A: Dec. not issue is particularly hot he gained his first victory in Barley: May unchanged industrial slate in 3'iA; Julv unchanged 1.09 ?kA Oct. i.i higher 1.11 ViB. Rve: May unchanged 99 July 's higher 1.01 '2; Oct. and Dec, not open. Grain quotes Wednesday (basis High 1-ow bids for the presidency, but lhat, too, had been anticipated. A poll done for the Washington Post echoed the findings of a more limited poll by a television that the sympathy vote played a small Ont. (CP) Tlie sale of worth of tobacco lo China by Canadian companies was announced Wednesdaj by Ted Raytrowsky, vice-chairman of the Ontario Flue-Curec Tobacco Growers Marketing addition, political May 267' i 2fir, 257VJ Jlv s i suggested lhat supporters of liberal Senator George Raytrowsky said the sale was the result of a visit by five and moderate Hiiber members last November Xov 270 270 Dec 263-14 llappsrecl even though Ihcy may sympathize with Wrallace find it nearly impossible to vote for a man with the Canlun fair in China. Although small in comparison with the over-all value of Ontario's tobacco crop, the sale is Jun 2511 '.a 25 1 Scp 258' i 250 because It is the firsi order to be sent to China, Mr. 255" 2 25-1 Jan ril'i 252 said, Thunder Bav May 241) BENY'S Jly 247' i ZW'.i Oct 250' i 250 STAFF Oct 250'3 250 Dec (Inls May fi9 Jly Oct Dec (CP) tjHR-: Gas Co. says it has W' ij Mav the previously it Jlv" of additional shares v Oct Ill's 111 Oil Co. Lid. and May 100 90'i of Ihe purchase from Jly J02'i 101 's of R. A. Brown Jr. Oct IM-B Dec 101 L. Jones acquisitions were in Consumers announced SMELL of expanding its operations into energy resources Logan, General 5a By THE CANADIAN is p-i usod Io announce Imperial Oil Lid-, 15 lorn bnell hns tnc.r _ June 30, record June was born and raised in Canadian llrrwerios He attended the Let i- three months ended March (CP) -US. Community College ana 2.7 mils in terms of Canadian nf IcMibridgff. siarc; 1971. SI. 117. 000. 2 (i al's. l-o% nnd conJ.irJprobls Crop's Nrst Industries unchanged at 52. in lln rriail IS72, profit. 6D cents child. share. 1071, loss, 3G would br> mosl plecsed lo 'if1 public in liio''' ccnls. I'-loclroliome Ll'l., I h r n up 1-6-1 .it 1.01 m erms of U.S. funds. Pound monlhs ended March .11: 1972, a share; down 9-04 at 2.GI 1 5471. ii22, cents, ( Tire anil Co. lit Canada I.M., months ended March 31; your Franchisee! New Car (ireyhnuiul Lines of Bcllor Scrvicft Fncililici Morn Flcxiblo March III; 1972, Rrgulur Warranty Plain Inspections t Your lemn can ccnls a share; 1971, 237, Bcllor choico of modoli mninlcnanco, LniiiTiiliilc Fin.inrijil NOW INTO IHE Lid.. Ihrec months March 31: 1972, LEASING OVER ccnl.s a share; 1971, BORIS a.i.2- ccnls. Nimiar (Ml and (las Automotive Enterprises three luiinlhs ended March 31: 17.2 cents Avenuo and Blh Street S. Phono share, 1972, 7.0 ;