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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 23, 1973, Lethbridge, Alberta 28 THE IETHBRIDGE HERALD Wednwday, May 23, 1975 Lower TSE price trend continues TORONTO (CP) Prices on the Toronto stock market re- mained lower in moderate mid- morning trading today. The industrial index, consid- ered the major indicator of market trend, fell .75 to 200.72, golds 1.76 to 296.83 and base metals .07 to 92.66. Western oils, however, rose .30 to 199.33. Volume by 11 a.m. was 000 shares compared with 000 at the same time Tuesday. Declines outnumbered ad- vances, 156 to 103, while 163 is- sues were unchanged. Beverage, communication, in- dustrial mining and trust and loan stocks were among sectors of the market recording losses while construction and mate- rial, merchandising, pipeline and real estate issues were higher. Trading was halted at the opening in of Bovis Corp. Ltd. and Consolidated Building Corp. Ltd., pending re- lease of corporate information by the companies. Bovis closed Tuesday at and Consolidated Building at Acres Ltd. fell to Glen- dale Mobile Homes to Woodward A to No- randa Vz to and White Pass and Yukon 3a to Bow Valley rose to Campeau "s to Dome Pete "s to Ashland Oil to and Bank of Montreal Grain prices Winnipeg grain WINNIPEG (CP) _ The ex- tremely heavy demand con- tinued in all commodities at mid-session on the Winnipeg Corrcnodity Exchange today. With the exception of Novem- ber flax, all oilseed futures were at the maximum higher trading level although actual trading was moderate. Oats and nearby barley were steady but deferred barley months were strong as domes- tic shipper orders entered the market. Rye was seven cents higher on heavy demands that met with little selling interest. r' Tuesday's volume of trade was bushels of flax, of rye and of rapesesd. Mid-session prices: Flax: May 10 higher 5.60B; July 10 higher Oct. 10 higher 5.09B; Nov. 8 higher 4.96B. Rapeseed Vancouver: June 10 higher 3.979 sB; Sep. 10 high- er Nov. 10 higher Jan. 10 higher 3.977sB. Rapeseed Thunder Bay: May 10 higher 3.91B; July 10 higher 3.86B; Oct. 10 higher 3.74B; Nov. 10 higher 3.67B. Oats: May unchanged 1M7A; July higher Oct. higher l.W'sB; Dec. 1 higher 1.11'iB. Barley: May higher July higher Oct. 2 higher Dec. higher 1.64B. Rye: May 7 higher 1.72B; July higher r.74TsA; Oct. 7% higher Dsc. higher 1.77B. High Low Close Flax May 550 _ _ Oct 499 Ncv 488 Rapeseed Vancouver Jun 387% 387% Nov 377% Jan Rapeseed Thunder Bay Hudson Bay Mining was off SA to Camflo Vz to and Chemalloy 10 cents to Coldstream gained 15 cents to and Consolidated Morrison 14 cents to May Jly------- Nov Oats May 117'i Jly 117's Oct HSU Dec------- Barley May 170% Jly 170% 163'g Oct Dec Rye May Jiy Oct Dec 165 167% 172 171 116 117 112Vs 169 16U4 161'A 163 167% 166 381 376 364 347 117 117 11014 170% 170% 1632s 159% 165 167--1 172 170% MONTREAL (CP) Prices were mixed in light trading on the Montreal stock market to- day. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with shares at the same time Tues- day. Industrials fell .76 to 215.48, papers .70 to 104.38 and the composite .45 to 206.38 while banks gained .31 to 250.95 and utilities .24 to 148.55. On the Montreal Stock Ex- change, Canron fell 2% to Irwin Toy 1% to Credit Foncier 1% to Financial Collection i't's to and Hud- sen's Bay Mining and Smelting to On the Canadian Stock Ex- change, Caliper Development was off one cent to 31 cents on shares. NEW YORK (AP) The stock market bounced upward today, apparently finding at least some temporary encour- agement in a top government official's assertion that recent inflation was a temporary phe- nomenon. The noon Dow Jones average of 30 industrials was up 7.30 at 899.76, after having been down more than 2 points earlier. Gainers led losers by 688 to 528 on the New York Stock Ex- change. Among Canadians on the New York exchange, Alcan was up Vi. to s and Canadian Pa- cific Vs to Dome Mines was down 2% to Mclntyre 1 to Walker y4 to Inter- national Nickel to and Hudson Bay to Livestock Calgary livestock CALGARY (CP) -Receipts an the Calgary livestock mar- ket to 11 a.m. today totalled 800 head, mostly slaughter steers. Trade was active. Slaughter steers and heifers were steady; cows were mostly lower grades with prices steady; bulls were steady. Al, A2 Steers 4546.20, A3 44-45, Al, A2 heifers 43-43.90, A3 41.75-42.75. Dl, D2 cows 34- 35.50, D3 32-33.75, D4 28-31.50. Good bulls 36-39.70. Replacement cattle were mostly short-keep steers 850 to pounds and heifers weigh- ing 600 to 700 pounds. No stock calves offered. Good feeder steers more than 850 pounds 42-46. Good feeder heifers more than 600 39-44. Hogs base price 40.65, Downtown air service tests to be undertaken By ROBERT L1NDSY New York Times Service M O N TREAL Canadian transportation specialists will try out a mode of travel next year that has long eluded their counterparts south of the bor- der: Direct downtown-to-down- town air service, using aircraft that can land and take off in a few hundred feet. Twenty five times daily, 11- passenger Canadian built de Havilland propeller plants will shuttle between an expanding parking lot near the 1967 World's Fair grounds here and a small airstrip three miles from the centre of Ottawa. "It will be the world's first true STOL said Ron- ald Taborek of the national transport ministry and the di- rector of the project, refsrring to short take-off and landing. STOL Planes can operate on tiny strips only feet long or less. For more than 20 years, aero- nautical specialists and many urban planners have held that one way to decongest highways and exploit fully the potential of airplanes for intercity, short- haul runs is the development of such planes and "stolports" close to urban areas. DIFFICULT JOB But making this work has proved difficult. Before manu- facturers would invest in de- veloping airline sized STOL planes, there had to be a mar- ket. No market has developed, largely because of the un- proved economics of the con- cept, and the fact that no such airstrips, close to major city centres, have been available. The situation intensified in the last five years because of the strong resistance to any kind of new airports. A govern- ment-industry-airline partner- ship was established here in the late nineteen-sixties, in the hope that Canada might take the lead in developing the STOL concept. The project is hiving trouble getting off the ground, but it moved forward last month when the federal g o v eminent approved landing sites here and in Ottawa and a two-year "demonstration ser- vice." Taborek, the project director, said that flights should begin next spring. "We'll be after the intercity commuter market, the he said. Air- transit, a new subsidiary of Air Canada, will operate the planes. The two cities, the nation's capital and the financial cen- tre a relationship like that of Washington and New York are 103 miles apart. Flying time will be about 40 minutes. With cab rides at each end, government officials esti- mate ttoat the total travelling time between the centres of the two cities will be 1 hour and 15 minutes, compared with 2 hours, door-to-dcor, on conven- tional planes, including travel to airports, and 2 hours and 20 minutes by automobile or train. Government officials say they hope the two-year experi- ment will produce what one calls a "total STOL package' that can be exported: A Cana- dian-built plane, navigational and electronic systems and other equipment and expertise Pipeline obstacle legistics matter EDMONTON (CP) Within the next few years, a great fleet of tugs and barges may chum down the Mackenzie with the largest cargo in the history of Canada's longest river. Studies say that beyond politi- Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) a.m. Quoits) LAST BID OR SALE a m. Quotes) a.m. Quotes) WESTERN OILS MINES Albany Oils A'ta East Gas Alminex Aamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn. Homestd Cdn In Gas Oil Cdn Long Is Cdn Superior Charter Oils Chieftan Dome Pete Dynasty Fcrr Reliance Giant Mascot Granisle Great Plains Gt Cdn Oil S Lochiel Ex Lyttcn Minerals Noble Mines North Cdn Oils Num 'C Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Rain Seibens Spocner Total Pete Ulster Pete West Pete West Decalta AND 1.05 765 580 975 1450 5.25 3 65 300 585 700 .20 41 25 400 870 28 87Vj 775 '1 269 5.00 2750 840 1.82 1 40 1.13 620 1400 1.12 .23 .56 40 2550 14.75 10 .43 <525 99 600 4.35 Cyanus A 7 75 Western Warner Cyqnus B 775 VANCOUVER Falcon Copper 1250 MINES F and M Trui 6 00 Affon Gcnstar 15 87V2 Atlas Explor Home Oil A 36.00 Bath Ncrse Home Oil B 33 87i'2 Croyden Hudson Bay Co. 13.12V2 Dankoe Hudson Bay Oil 4050 Davenport Hud Bay Oil A 5412V2 Dclly Varden Hugh Russell C 40.00 Equitorial Res Lornex 42.75 Primer 625 Pyramid .35 890 1200 MISC INDUSTRIES Acres Ltd. Aquitaine B.C. Sugar Pre Block Bros Cdn Brew A Cdn Brew B Cdn Pac Inv Crest Forest Crows Indus 1350 2225 1500 2.75 26 621 'j 32.87': 2650 650 27.00 Husky Oi Husky Oil B Husky Oil D Wr Husky Oil E War 700 Hys of Canada 4.00 Inter Prov Pine Inter Prov Steel Kaiser Res Loblaw 2 40 C Maqnasonics Pacific Pete Pac West Air Pe-Ben Oilfield Rainier Inc Royal Trust St Maurice Cop Sandwell Teledyne West Cdn Seed Westfieid A.VT Westfield Mm Weston A White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas 43 Altta Nat Gas 70.00 Inland Nat Gas North Cent Gas North Cent B Pac Gas Trans Gaz Metro Gaz Metro A Trans Can Pipe Trans Can A Trans Can B Trans Can War West Trans W Tran', War CALGARY Acroll Barons Oils North Continental Silver Standard Valley Copper INDUSTRIALS Col Brew 295 Key Indust ;ooo wardair 1050 OILS 27 Prp Eypor 1000 Plains Pete 6 25 Ponderay Explcr Stampede Intl Res 7.65 .45 72 .04 1 o5 .45 .31 13 850 12 .14 .79 8.25 276 .28 225 .95 22 1.07 .85 2400 .96 3.25 405 600 1 IS .06 5200 1450 742 8.11 343 3.75 5 19 5.76 249 F 485 5.32 5.17 568 14.80 16.26 375 412 7.16 7.87 503 651 MUTUAL FUNRS All Cdn Com 6 87 7.51 All Cdn Divid All Cdn Vent Amr Gr F AGF Special Cdn Invest Col Mutual Cmnw Inter Cmnw Lev 13 75 Cmnw Vent 70 00 Corp Invest ____ Corp In St F 4.70 517 1050 Dreyfus F US. 1072 11.75 In Shares 349 384 2225 Gr Equity 12.00 Invest Gr F 4 60 Invest Mutual 6500 Mutual Ac 36 CO Mutual Gr F Nat Res 4250 N W Cdn N W Gr Principal Gr Royfund Temp Gr United Ac Universal Sav 7 05 1775 280 .42 03 Vanguard 745 8.18 11.80 12.90 5.58 610 5 70 6.27 334 368 7.09 7.75 5 28 5 CO 4.74 5.21 4 00 4.39 6 23 6 -18 9 M 10.32 487 535 7.41 8.14 604 6.62 Toronto mines, industrials (Supplied By Richardson Securities of Canada) i (1UOO LAST BID OR SALE r.m. Quotes! s.m. QuotMl Hog sale EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 40.65, average Tuesday 42.70. Calgary: 40.65, average Tues- day 42.67. Lethb ridge: nil, average Tuesday 42.60. Fort Maclecd: nil, average Tuesday 42.25. Total hogs sold to 11 a.m. 704, total Fold Tuesday aver- age 42.61. Sows average 33.05. Gold futures WINNIPEG (CP) -Gold fu- tures, U.S. funds, Winnipeg commodity exchange Tuesday. Jiy Oct 73 115.90B; Jan 74 118.20B; Apr 74 120.30B; Jly 74 122.30. Friday's volume: 113 con- tracts. Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Spt Friday's volume: 9 coni tracts. 'PURCHASING FREEHOLD MINERAL RIGHTS Reply to Box No. 110, Lethbridge Herald MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Brunswick Can. N.W. Land Canada Tung. Cassiar Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denises Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Giant Y.K. Bovis Granduc Hollmger Hudson Bay M-S Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Lanqts Silver Madsen R L. Malarlic G F. Martin McNeely Maclntyre Meta Midrim Intern Mogul Nu West Homes New Athena New Calumet W. Horse Copper Noranda Northgate 1 oo 1.18 1.90 .a. 1350 390 5.50 1.62 10.50 1.15 1.38 600 335 .0? 1 31 425 400 2900 .04'i 39 92.00 34 1 30 3.50 745 .20 .36 7.95 200 3.10 4000 19.75 .30 375 2.02 23 10.50 22 40.12'i 3 '.fi OS 1.03 1.15 .44 52 .12 11 75 9.12VJ .20 30 2.85 4675 5.25 Osisko 22 Pine Point 29.12Vi Placer Dev. 2375 P. C. Exp. 2 85 Quebec Man .lOVa Rayrock 130 Radiore .28 Rio Algom 24 25 Roman Corp. 6.35 Sherntt Gordon 14 Steep Rock 1 52 Tek Corp. 355 Texmont 21 Upper Canada 2.75 Western Mines 3 CD Wright Hargreaves 1.35 Willroy 1.08 Windfall 14 Yellowknife Bear 3.30 Zenmac .07 INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bel! Tel Brazil Trac B.C. Tel Burns B C. Forest B C. Sunar Bow Val Ind CAE Ind Cdn Brew Chemcell Col Cell Calgary Power Coron Credit a C W N. Gas Pfd Cdnlnd Cdn Marconi Cdn Vickers Chrysler C P R. Cominco Cons Bath Cons Gas Dist Seaarams Dom Bridge Domtar Dom Textile Dom Storps Dome Pete Do'asco Cable 950 16 CO 10 CO 6.62Vi 10 121 j 42.62V2 1850 5125 15 50 1550 If.00 26 9.00 475 i 00 2.70 2525 1.75 1000 14.SO 375 11 2800 1675 25.62V2 1721 1525 3750 3350 U50 7 27 75 25 "0 14 Glendale Grt Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur f. Ene Hiram Walker Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentide Kelly Doug A Loeb Loblaw A Met Stores Massev Fero Bloe Moore Crrp Molsons A Molsons B Nachurs North Cent Power Corp Price Co. Rothmans St. Law Crop Shell CDA Simpson's Simp Sears Stefl of Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Gas Union United Siscoc Versatile Mfg Westeel Union Carb R Woodward's A West Cdn Seed Zenith Elec BANKS Cdn Imp Montreal Nova Scotia Roys I Tor-Dom 9.50 8.45 19.75 31.75 18 4.05 26 62Vi 48.12V2 35 2725 27.00 2475 9.75 23 17.25 7 11 50 7.00 480 5.75 20 17.12V2 27.25 4825 24.50 2400 925 10.75 13.2S 11 25 19.25 15.50 9.75 12.37V2 28 14.12VJ 5675 16.75 2000 10.62V2 1450 7.10 575 12.50 K.OO 90 7i 24.50 5 2.65 29.371'j 17.37V2 31 25 32 W 31.75 York stocks (Snpplied By Richardson Securities of Canada) Amr T and T 51.50 Montgomery Ward 203714 20 Golds 291.64 off 6.95 Anaconda 17.75 Sears 93 75 10 Base Met 92.92 up .19 Beth Steel Texas Gulf 19 25 15 W Oils 203 72 up 4.69 Chrysler 2825 Texas Co 34 37V2 Volume Comsat 44.3716 Wickes Corp 17 Dupont 169.75 Woolworth 21 00 NEW YORIC AVERAGES GM 67.50 Westinghouse Elec 31 75 30 Indust 89855 up gulf 3335 US Steel 3150 20 Ral's 165.97 up .54 Tfl Elec 287S 1S Utilities 10605 up .28 int Harvester 26.50 TORONTO AVERAGES 65 Stocks 277.78 up 1.47 Kenn Copper 23.87Vi 20 Jndust 201.65 up .18 Voluma cal and environmental consider- cations, the major obstacle fac- ing construction of a natural gas pipeline in he Mackenzie Valley is one of logistics. An estimated three million tons of supplies, equipment and pipe will have to be transported into the isolated Mackenzie country in only four or five- summ'srs. The studies say that although a limited navigation period of approximately May to October presents a definite drawback, barges will probably be the best means of transporting materials and supplies along the route. Aircraft, suitable for trans- portation of personnel and per- ishable freight, are too costly for the huge task of moving bulk construction materials. The planned highway down the Mackenzie at present is only a winter road for most of its length. Last summer, there were about 40 tugs and 170 barges plying the river along the miles between Hay way terminus for most Mack- enzie the Beau- port Sea at Tuktoyaktuk. Northern Transportation Co. Ltd., a subsidiary of the CNR, is the largest barge company on the Mackenzie. EXPECTS INCREASE Last summer, its 28 tugs and 150 barges carried tons of material into the north. The company expects to carry about tons this shipping season and anticipates a volume of tons by 1975. The company is spending million this year to increase its fleet of tugs and barges and to build new shore facilities at Hay River and Inuvik. Five tugs and another 20 barges are already under construction. Lionel Mjontpetit, executive vice-president of the company, says this spending program is only designed to keep up with the growing river traffic "the major part of which is through oil and gas exploration and per- ipheral construction." He says the company must wait until a pipeline is approved before it can begin expanding its fleet to cope with extra traf- fic generated by the construc- tion project. Howard heads Calgary Power CALGARY (CP) A. W. Howard has been appointed chairman of the board and chief executive officer of Cal- gary Power Ltd., succeeding G. H. Thompson who has re- tired, it was announced today. Mr. Howard, who recently re- turned to live in Calgary from Montreal, joined the firm in 1935 as an apprentice engineer. He was named general man- ager in 1952 and was elected to the company's board in 1956. He was appointed vice pres- ident in 1959 and president in 1965. M. M. Williams, executive vice- president, was named president to replace Mr. How- __s TT- 4-u.t diu. -lit; UK; AJLiu Mi as assistant to the general manager and was appointed ex- ecutive assistant in 1960. In 1966, Mr. Williams was named assistant general manager and, two years later, assumed the duties of executive vice-pres- ident, the chief administrative officer. Mr. Howard, in his report to shareholders, said total energy supplied during the 12-month period ended March 31 this year showed an increase of 12.5 per cent compared with the same psriod a year ago and that revenue for the same pe- riod increased 12.2 per cent. Zellers OUTDOOR LIVING SALE THURSDAY, FRIDAY, SATURDAY, MAY 24, 25, 26 LADIES' POLYESTER RIBBED TANK TOPS -White, Navy, Light Blue, Maize -Sizes S-M.l. Reg. 3.33 SPECIAL 2.66 MEN'S KNIT SHIRTS -100% Nylon -No Iron EACH 1.96 MEN'S POLYESTER SHORTS -Double Knits -Navy, Beige and others PAIR 4.96 LADIES' JAMAICA SHORTS -100% Polyester -White, Navy, Pink, Brown, Yellow -Sizes S-M.L. Reg. 2.97 SPECIAL Fll V 2.47 MEN'S 'COOL' SUMMER UNDERWEAR BRIEFS -Eyelet Mesh -Nylon -Printed cotton EACH MEN'S SHORT SLEEVE cotton EACH 5 Qfi MEN'S SWIM SUITS cotton blend EACH 3.44 WOMEN'S NYLON iT -Sleeveless Style. -White, Navy, Red, Gold -Reg. 1.96........SPECIAL .57 GIRLS' NYLON SQUALL JACKET -Waterproof -Navy, Red, Gold EACH 2.44 WOMEN'S KRINKLE VINYL SANDALS -Multi color or white -Sizes 5 to 9 PAIR 2.57 MISSES' 3 BAND VAMP SANDAL -Nautical colors or white -Sizes 11 to 3. PAIR 2.57 CHILDRENS' VINYL SANDALS -Red, Brown, Bone -Sizes 4 to 12 PAIR 1.27 GIRLS' DENIM -Washable Brown and others PAIR 1.96 WOMEN'S CRISS CROSS -Nautical colors or white -Sizes 5 to 9 PAIR 2.57 MISSES' SMOOTH colors or white -Sizes 11 to 3. PAIR 2.57 MEN'S FORTREL SWEATERS -Assorted Styles. -Washable. -Reg. 10.86 SPECIAl 8.96 MEN'S DENIM BAGGIES -3" cuff. -Washable -Reg. 6.96 SPECIAL 4.96 BOYS' T-SHIRT -Plain or Striped -100% Stretch Nylon -Sizes 8 to 16 -Reg. 2.10 SPECIAL 1.44 BOYS' CASUAL AND DRESS SLACKS -Assorted Styles -Various colors -Reg. 3.97 SPECIAL 3.17 LADIES' SHIRTS -100% Polyester -Sizes 10 to 18. -Reg. 3.33 SPECIAl 2.87 STRIPED TERRY SHORT SETS -Assorted colors. -Sizes 3 to 6x. -Reg. 2.55 SPECIAL 1.96 CHILDREN'S SHORT ALLS -Sizes 4 to 6x. -Yellow, Green, Blue -Reg. 2.52 SPECIAl 1.96 INFANTS' SHORT SETS -Striped and Solids -Sizes 12 to 24 months -Reg. 2.38 SPECIAL 1.84 MEN'S PLAID -Assorted colors. -Sizes 28 to 36 -Reg. 10.96 SPECIAL BOYS' NYLON -100% Nylon -Washable -Reg. 2.66 SPECIAl 1.96 LADIES' BIKINI -Sizes 30 to 36 -Reg. 4.97 SPECIAL 4.44 LADIES' SHORT SHORTS -Cuffed -Sizes S-M-L. -Reg. 2.97 SPECIAL CHILDREN'S SWIM SUITS -One and Two Piece -Striped -Sizes 3 to fix. -Reg. 1.77__________SPECIAL 1.22 SLEEVELESS -Striped and Plain -Sizes 3 to 6x. -Reg. 3.96 SPECIAL 2.97 BOYS' SWIM TRUNKS -Checks and Plains -Sizes 4 to 6x. -Reg. 1.77 SPECIAL 1.22 wtilby Located in Zellers Shopping Centre on Mayor Magrath Drive. Open Daily 9 a.m. to 6 p.m., Thursday and Friday 9 a.m. to 9 p.m. Telephone 328-8171 ;