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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 31, 1973, Lethbridge, Alberta Thursday, May 31, 1973 THI UTHBRI0W HERALD 33 Lower TSE stock prices continue TORONTO (CP) All sec- tors of the Toronto stock mar- ket moved lower in light mid- morning trading today. The industrial index, consid- ered the major indicator of market trend, fell .89 to 206.23, golds 3.58 to 001.10, base metals .96 to 94.24 and western oils .97 to 211.41. Volume by 11 a.m. was 000 shares compared with 000 at the same time Wednes- day. Declines outnumbered ad- vances 157 to 68 with 150 issues unchanged. Steel, industrial mining, real estate and trust and loan stocks recorded losses while beverage, construction and material and chemical issues were higher. Grab B fell to SlPa, Toy to ITJ Internationa] 5s to S233S, Steinberg's A Vz to and Noranda '2 to Pennington's rose 3i to and Seagrams }i to S37J2. MattEgsmi lose ID Teck B 15 cents to S3.35 and Camflo ]6 to SIO. Little Long Lac gained 20 cents to S2 70 and Lake Shore 15 cents to S3.50 Asamera was down 30 cents to S9.05 and Canadian Superior tO clinatiou lo continue their de- cline. The Dow Jones average of 30 industrials at noon was down 6.03 at 202.84. little changed from the first half-hour. Over the past two days the Dow has fallen some 22 points. Declines led advances on the New York Stock Exchange by more than three to one. H and K Block was down 1% to SoTs. On the American Stock Ex- change, the price-change index at noon was down .07 to 22.58, while the NYSE index was down .42 to 55.53. Among Canadian issues, Dome Mines was off to Genstar ]i to and Inco to Mclntyre rose to MONTREAL fCP) All fors declined in moderate trad- ing on the Montreal stock mar- ket today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was 393.000 shares, compared with 344.000 shares at the same time Wednesday. Banks fell 1.17 to 254.07. in- dustrials 1.01 to 223 17. the com- posite .92 to 212 28. utilities 49 .to 149.69 and papers 33 to 11281. On the Montreal Stock Ex- change, Irvtin Toy dropped 3-4 to Kofflsr Stores to S16. Trans Canada Pipelines 1 to and National Trust 1 to S43 while Maritime Electric ad- vanced to S34. On the Canadian Stock Ex- change. Pitt Gold Mining was unchanged at five cents on 000 shares. NEW YORK (AP) Stock market prices remained lower today, but showed little in- Livestock Calgary livestock CALGARY TCP) Receipts to 11 a.m. today from the Cal- gary public stockyards show sales of about head, most- ly slaughter steers and cows. Trade was active. Slaughter steers sold fully steady with salss to 48.10. Over finished steers sold under pres- sure. Heifers sold steady with light weight heifers discounted SI or more. Cows met a good demand at firm prices and bulls steady Steers Al and 2 46.50 to 47.70. A3 45.25 to 46.23. Heifers Al and 2 42 45 to 44.25, A3 41 to Cows Dl and 2 34.50 to 36. D3 32.50 to 31.50, D4 29 to 32. Good bulls 38 to 41. Replacement cattle w ere scarce being practically all fleshy shortkeep steers weigh- ing 800 to pounds and selling steady. There were no stock calves on offer early Good feeder steers more than 800 pounds 44 to 47.GO. Hogs fob Calgary to II a.m. average base price 43.15. Chemical firms lace aci charge WASHINGTON (API The Federal 'irade Commission a-- cused 26 chemical firms Wednesday of knowingly adver- tising and selling combustible plastics as nonburning or self- The complaint also named a trade association and a testing firm as defendants The plastics involved are the cellular, or foamed. poly- uretHne and all forms of poly- styrene and its copolymers. More cae bil'isn of these plastics were marketed in 1972 for use in construction and home furnishings. The plastics are used for in- sulation, iurniture and bedding, panels and siding, cabinets, chairs, tables, pipes srrd lighting and plumbing fix- tures. They also are used in com- mercial airliners and in the trouble-plagued Skylab space station. The FTC complaint alleged the 23 respondents have known directly or indirectly sines 1937. that these plastics constituted serious fire hazards "but have failed to disclose such material facts t- Nam defendants were the Socifc., ut the Plastics In- dustry. Inc., a trade associ- ation: the American Sccietv for Testing and Materials, a stand- ards-making organization, and 26 companies. Stares in disbelief Momma cow stares in disbelief at her week-old coif which wcs born with two distinct noses and mouths and with three eyas, on the farm of Frank Smith near Lucky Lake, Sask. Mrs. Smith took the photograph and she said the calf, being fed by bottle, is alive and apparently well although it isn't as frisky as it was earlier. _ Canada-wide survev Food costs continue upward By ROBERT BENTLEY I Canadian Press Staff Writer Monthly price fluctuations of I up to 50 cents on individual iood items in the shopping basket and a continuing upward trend in the price of meat are re-1 vealed in a shopping survey of, nine major Canadian cities. The prices of 17 food items common to most family shop- ping lists were checked in two cross-Canada surveys by The Canadian Press conducted four weeks apart. The survey showed consider- able increases in beef, pork, chicken, and tomatoes during trie month but stable prices for such basic foods as milk and sugar. There were few decreases in prices. The first survey was carried out April 30 and the second May 28, both Mondays, the aim of determining price fluctua- tions in each city. The surveys are not intended to compare prices from city to city. Certain items were unavail- able in some cities on the dates checked, and brands sometimes varied from region to region. AMOUNTS VARY Occasionally the quantities sought could not be iound in all cities. In such .cases the amounts usually offered for sale were checked Miscellaneous quotations Grain prices suPPly in m Quotes) WESTERN OILS AND MIMES Albsry Oils A'la EPS! Gas Almirpx Asarre a A'hlsnd BP On Vines Crn SO'j'n Cdn Ex Gas Cdn Ho-nestn Cdi Ind Oil Cdn Long Is COT Super darter Oils Ch.cftan Dorrs Peie Dynasty Pert G.ant Voscoi G snide Gt Plains Gt Cdn O I S E- Lytton Noble res North Cdn O I Numac Par.cdn Pete Pan Ocean Petrel Pinnacle Place Gas Ponder Range- Oil Scurry Rain Ssibcns Spooner Total Pete U'ster West Pete VJ Decalia Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE (11 90 m. Winnipeg groin Canada good WINNIPEG (CP) Prices TORONTO (CP) _ Gasoline 1 25 2 05 60S 9 OS 11 00 IJ '0 S.15 85 310 650 CO 43 75 00 9 3D 5' 75 7 80 :o 73 5 00 53 M 05 CS 1 45 1 10 025 Ij C0 V.25 12 CO 1 18 .59 .8 18 25 1600 n :s 6 70 575 i 90 A B Falcon Copper F Rf.d T'OSt Genstar Horre A Home B Hud Bay Co Hud Bay Bay A Ffd Rvi C Pfd Oil Husky B Pfd Husky D War Husky E War of Canada In'er Prcv Pipe Inter Prov Steal Ks.ser REE Lobla.v C Pfd Pacific Pete P VJ Air Pe-Ben Oilfield Rainier Inc Royal Tru't Sf Maurice Cap Sandv.ell Teledynt West Can Seed Weslfteld AAin Westfield War Vrtston A Pfd Yukon 1 El if, .51 l7 GuotBi 775 West Warner .35 7 75 VANCOUVER 13.00 Aflon 7 SO 6 75 Atlas Explor H.CO Bath Norse O CO Crcydsn .'6.50 Dankoe Daver.pcrt 43.CO Dolly Vardsn 52 CO EqLitorisI Res tt DO Lcrnex 20.25 Primer Pyra-nid 6.55 Silver Standard 7 60 Vallev CoDoer 4 SO INDUSTRIALS 20 Col Brewing 12 37' 3 Key Irdustnes 3.00 Wa-clair 12lra OILS Explor Plair.s Pete Po-de.'ay Stampede Iml Res were lower in all commodities in moderate trade at mid-ses- shortages have hit parts of the United States, but Canadian oil companies insist there will lie i sion today on the Winnipeg 45 Commodity Exchange. j _. this summer in Flax and rapessed prices had JL Jja Si'" only thin support and were close to the 20-cent limit lower. 10.50 27 50 10.25 6.50 sir 24.00 93 335 13 M 73 265 20 2 JO 1 JO 21 98 92 63 7 IV 3 81 17 5 79 PIPE LINE STOCKS MUTUAL FUNDS All Cdn Ccm All Cdn Divid All Cdn Vent Amr Grth Fd _..... 587'jAGF spec's: 56 2Q. lower 4 073iA: Sen. 20 lower 1 06 Cdn Invest F 'oc c 02 Co'lect 62 CO Crr.nw Inter W.'j Cmnw Lever :e ot any exports that may go to the U S Spokesmen for maior coin- Oats prices were only mod- said yesterday they itly lower, but losses in bar- of m cases Cana_ dian supplies are being affected by shipments to the 1" S The only gasoline would isider exporting is surplus gasoline and we haven't had much of that lately anyway." an official of Imperial Oil Ltd. said. A Shell Canada Ltd spokes- !es: i ley and rye were fairly sharp in most months j Wednesday's volume of trade v.ES bushels j 230.000 of rje and t rapeseed. Mid-ssssion prices Flax. May IS1.- lower July 18 lower 5.57B: Oct. lower Nov. 16 lower Rapeseed Vancouver: June rf f 95 5 43 MISCELLANEOUS INDUSTRIES Acres Ltd Aquitame B.C Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Pfd Cdn Pacific Inv Crestfcrook Incl Ind 14 00 22 50 15 CO 2 70 00 30 2S 2650 7 37' 25 50 Alta Gas A Alia GfiS Pfd Alta Nat Gas inland Net Gas N and C Gas N ar.d C B Pfd Pacific Trans Car Metro Gaz Metro A Trans Can Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War CALGARY Acroll Barons Oils North Continental U25 7050 1950 10.50 10.00 22 25 Vent Corp Invest Corp In Sf F Dreyfus U S. Great Pecif.c Gr In ShS'ts Grvvth tquity 'n G" Fund 4 40 lnxrsst Mut 65 00 Mut Accum 35 J5 Mut Gr Fd 66 00 Nat Res 41 75 N.W. Cdn 750 N.W. Growth 17.371s Prm Grcwth 3 00 Royfund TempletcT Gr United Accum Urn Savings Umvest Vanguard 11 77 lo 23 374 'ill 718 785 585 Nov. lower 4.00; Jan. 157s lower 3 94B. Rapeseed Thunder Bay. May c" 20 lower 4.01B; July lower 3.96'iA; Oct. 183i lower Nov. 13 lower 3.84A. Oats: May Pi lower 1.19A; July lower Oct. lower I.IS'AA; Dec. Imier 4 53 5 01 3 56 3 52 7.74 12 12 13 2S 575 6.58 5.S4 6.42 3 40 3 75 748 8.17 5 44 S SO 4 84 5.32 lio I lower s 56 9 rs I 1.72-4B. .45 .02 Barley: May not open; July 2% lower 1.83UB: Oct. 1.75; Dec. 6-4 lower Rye: May 51- lower 1.76A: 575 6331 July lower l.767sA: Oct. Dec. low- Beef futures WINNIPEG (CP) Live blef futures close Wednesday. Jly Sep 45.SOB; Nov 4440; Jan 43.55. j Tuesday's volume: 44 con- i tracts. Toronto mines, industrials (Supplied By Ricfcftrdson of Canada) LAST BID OR SALE m MINES Dollar value MONTREAL fCP) U.S.j dollar in terms of Canadian funds at noon today was down 1-10 at 40.99 29-50.'pound ster- 1 ling down 8-25 at In New York, the Canadian i dollar was up 1-10 at 21-50. j Pound sterling down 1-20 at I 0-5. York stocks (Supplied By Richardson Secnrities of CanadiD ATH Anaconda Beth Steel Chrysler Ccmsat Dupont CP.-I Motort Gulf 23.12'': '-it C6 97: Copps, 24.37', Aioit Ward 19 25 SI 50 Sears 18.37V; X-Rcn 28.67' 2 Texas Gulf 27 Texas Co Woolworth 171 75 WesHnqhousc 00 U.S. Steel Gen Tei Elsc 1175 20 Golds 21 off a 10 Base Met 94.18 off 1 02 ?1 15 West Oils 211.42 off 96 Vclumc 2112i2NEW YORK AVERAGES 53 87'2 30 Ind 90276 off 6 09 3000 20 Rails Off 28.62'! 15 Utilities 10553 off 28 TORONTO AVERAGES A5 Stocks 277 69 tff 1 79 20 Ind 505.58 off 1.59 Volume Royal Trust COMPANY Because of our expansion program we require Two Real Estate Sales Consultants VVe ore the largest real estate company in Canada Our record is one sale every 44 minutes in one of our 77 offices across Canada. We trade houses from coast-to-coast. We a monthly magazine showing our listings anywhere In Canada. If you are a self starter and want to join o company with than average benefits. Call JACK C. HIGGINS ot 328-7761 for an interview. Acme Advocate Asb Akaitcno B'OJIST Bethlehem Can.' N.W Land Canada Tung. Central Pat. Chiino Oomvsst Cons. Rambler Coin LaUe Cochenour Craigmcnt Dicker.son nes Demscn Mines Dss- horn D'Eldc-a Dome M.nes Do-.aldo Discovery Mines Estt Malartic East Sullivan Falccnhridcie Frobex First G.snt Y K Granduc Hollmger Hudson Say M S Hydra Ex 'ron Say Ito Jol.of GteL'-c Kerr Ano.sni Key Labrador Lake Snore Lanqis Silver Madsen R L Malartic C-.F Martin VcNMly Meta Midrirn Intern Mogul Nu West Homes New Athena New Calumet VJ. Horse Copper Ncranda Northgate r.m. Norlex Gsisko Place- Dev P.C. Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp Sherritt Gordon 10.11'i Sfsep 1 11 Te' 1 50 1 -0 2 60 4 bo" 1 74 1 "6 f 00 ?3 1475 1.52 380 23 250 293 430 i 05 3000 If. 23 97 OS 36 1 51 Jl 20 15 Atitibi Alcan Algoma Steel Aico Ind Atlantic Sugar 6a SO Agra Ind 20'j Bell Tel Brazil 7 CS B C. Te! Burns 3.10 B.C. Forest 4 Hur Erie 2612'i 1m? 37.371s Imasca '1J> M Int Nickel 27.75 Int Pipp Inv Grp A Int Util 3350 Ind Accept 1750 Kaps 7 Laurentide 1175 Ktlly Doug A 7.00 Lceb -t 90 Loblaw A <.37li Met Stores 20 50 Massey Fera 1? 25 27 McMillan Else SB 371i K2S MOcre Corp 4850 Molsons A Molsons B V 75 9 75 Nachurs 7.55 42.25 North f Cent 9.75 19.62Vi Power "Corp 10.50 5425 Price Co 1435 17.25 Rolhmans 16 12Vs St. Law Corp 19.25 20.00 Shell CDA 1650 Simpson's 9.o2Vi Simp Sears 1325 of Cda 3000 SelMrk A 1450 Texaco 59 00 Traders Grp A 16 Trans Mtn Pp 20 Trans Pp 35.25 Union Gas 1050 Union Oil 13.00 United Sucof 1 80 57.37Vz Versatile Mfq 1700 Wesfet! 13.50 ?o50 Un.'on Carb 1600 2C.CC S iS.MVi Woodward's 24 62'.i 37.2S West Cdn Seed 6.00 Zenith 270 BANKS Montreal 18-W Nova 31 Royal 33.00 Tec-Doro 3' 5" 47s er 1.79B. Grain quotes Wednesday (ba- sis High Low Close Flax May 60S .SSi 585 514 5TS 573 554 -T34 5LM 521 52. man said: "Shell is committed to pio- teeting the supply of motor gasolines, diesel fuels and heat- ing oils to its existing Canadian branded retailers, commercial accounts, municipalities or re-sellers.'1 Minister Donald Mac- Donald has told the Commons that if the petroleum industry "finds it impossible" to restrict exports of gasoline, the govern- ment -will impose controls as it did earlier with crude oil ex- ports. The energy minister said the squeeze may be felt by mde- perdents -who have relied in the past on cheap crude oil imports into Eastern Canada. Those supplies are no longer avail- able. IP the first survey the lowest pr.ce for each item was noted. In the second survey the same brand was checked for com- parison, whether or not it mained the cheapest on olfer. The surveys were conducted where possible in large super- markets, and covered the fol- lowing foods: One pound each of sirloin-tip beef, all-beef wie- ners, centre-cut loin of pork, first-grade chicken, ground chuck, frozen cod fillets, first- grac'a butter, tomatoes, frozen green peas, apples, and drip colfee. Also checked were the prices of one dozen white, medium eggs, a quart -of homogenized milk, one 24-ounce loaf of sliced, white bread, 10 pounds of first-grade potatoes, a 24- ounce can of first-grade halved pears, and five pounds of white granulated sugar. Some of the findings: BIONTREAL Seven increased in price and non; de- creased. Biggest jump was 50 cents (to from for pork. Other increases shoved frozen cod fillets up to from 80 cents, potatoes up 18 cents to 95 cents, and ground chuck up 11 cents to Cliicken. wieners and apples had two to six-cent increases. Beef was constant at j William Taylor, an official of tne supermarket checked, said the meat price increases re- suited primarily from the cost of the slaughter animals and in- cicased feed costs. Ground chuck, he said, was a gcod example of the trend to in- creased meat prices. The price had been held back "as long as i I He said that despite the i higher prices his company was i making the same profits as be- I lore on pork, chicken and !ground chuck. fillets he said are i h Montreal at this time of and he attributed the :'J- j cent increase for 10 pounds to I weather resulting in a poor PP this factor was also i expected to push up costs of cibcr -vegetables the next two mcnths. city regis- tered six price increases, the i highest 10 cents on one pound of i tomatoes, and the others rang- ing from two to six cents on pork, beef, wieners, apples and canned pears. Potatoes went down six cents to 83 cents, cod fillets thrte cents to 95 cents, milk by two cents and eggs by one cent. Other items remained stable. Prices were available for all the items in both surveys, al- though 28-ounce cans of pears were used for comparison, in- stead of 24 oz cans. Total shopping bill the first check: One month later: was a 30- cen1, rise on tomatoes, to 79 cents; 10 cents on potatoes, to and pork, to Sl.lS; five cents on chicken and two cents on eggs. Frozen peas dropped four cents to 22 cents but other prices remained constant. Beef and apples were not available in the first survey. (ST. JOHN'S, beef nor pork was available at both checks in St. John's. A. spokesman said they generally vere not available Monday, the slowest shopping day of the week. Tomatoes, frozen peas and apples were unavailable during the second survey, OTTAWA Short-rib beef, which provided the best com- parison here, increased 11 cents to S1.09. Ten cents also went on ground chuck, raising it to 95 cents, and three cents on sugar, to 79 cents. WINNIPEG Ten cents csme off wieners and cod fill- ets, bath to 89 cents, while 30 cents went on potatoes, to 99 cents, and 13 cents on bread, to 32 cents. Apples, tomatoes and eggs i had increases ranging from two to four cents but eight cents came off chicken, to 64 cents, and two cents off milk, to 32 cents. Food bill at the first chack: S12.97. Second check: Tnese included comparisons for 19-ounce cans of pears EDMONTON Potatoes here also went up over the month by 20 cents to SI .49. Ten cents went {on tomatoes, to 39 cents, anci beef, to There was also six cents added on ground chuck, five cents on butter and sugar and smaller increases on fee. pears and eggs. Chicfcn and wieners wcrn each down four cents. food bill here rose 17 cents over the month, to from S13.37. There was a 19-cent rise in to- matoes, to 10 cents m i sugar, to 83 cents; and six cents each on cod, to 59 cents, apples. to 35 cents, and pears, to 51 cents drip cof- Energy crisis in U.S. opportunity for Canada Oct i Nov Rapeseed Vancouver i Jan 42734 42734 j Sep 427Ja Kov 4571 41734 i Jan 4497s 4097s 421 416 404 397 2725 950 235 25 JO l.SO 11.00 H.7S 33.25 lo 7.75 Rapeseed Thunder Bay May 461 421 42 Jly 456 416 Oct 444 404 Kov Oats May Jly 129 121 Oct 127-u 1207s Dec Barlcv May 1961 388 181 Oct Dec Rjc May------ Jly Oct Dec 190 186 179'4 177Vz 121 120'g 120 189 186 179% 179% Insurance linns .face charges HALIFAX (CP) Seventy- four Nova Scotia fire insurance companies were arraigned in city police court today on charges of conspiring to fix prices over a 10-year period Preliminary hearing on the charges will begin Sept. 10 Keith E. Eaton, counsel for the prosecution, said the hear- ing is not expected to last longer than a week R. F. Wilson of Toronto and Ian MacKeigan of Halifax are appearing for the insurance companies. The 74 companies and 67 "co- conspirators' are charged with fixing fire insurance prices be- tween Jan. 3, 3960 and Dec. 31, 1970 MONTREAL (CP) The United States energy crisis of- fers Canada economic opportun- ities and a lesson in how to avoid such crises, the Canadian Plant Engineering Conference told Tuesday. J. J. Leroux, vice-president of Northern and Central Gas Corp., told conference delegates the current philosophy of pre- serving new gas energy sources 1 lor the future "is not com- mensurate with a healthy eco- 1 nomic and industrial climate." 1 Mr. Leroux said frontier fuel resources cannot be unlocked for domestic use unless export markets are developed because Canada's domestic market would not justify the cost of de- veloping these reserves. "If we want to avoid in Can- ada an energy crisis sometime down the road, we must begin now to bring frontier gas to our I markets. resulting from in- volvement by political bureau- cracy or unreasonable by over-reacting ecology group? can only jeopardize the chance1; of avoiding a crisis." Mr. Leroux said industrialist? and environmentalists must reach a compromise if today's standard of living is lo be main- tained. He also said Canada's natural resources only have value in terms of the prevalent tech- nology but with alternate forms of energy, gas reserves vill depreciate in value Mr. Leroux called on the Al berta and federal governments to come to an understanding on a wellhead price" which has remained static for over a decade. Because of provincial regulations, natural gas has not been able to find a proper com- modity value level. He pre- dicted that by next November, there will be a natural gas price increase of 12 to 17 cents per thousand cubic feet. 181 1S4U 29 75 25.75 LEASE. From your Franchiied New Car Dealer Better Service Facilitits Regular Warranty Inspections Better choice of maddi Mere Flexible leasing Plans Your Uate can include maintenance, licence, and insurance INQUIRE NOW INTO THE ADVANTAGES OF LEASING OVER BUYING Contact BORIS KORESHINKOV Beny Automotive Enterprises Ltd. 2nd Avenue and 8th Strict S. Phone 328-1101 Gold futures i WINNIPEG (CP) Gold fu- tures, U.S. funds, Winnipeg Commodity Exchange close Wednesday. Jly 73 115.50; Oct 73 119.00B: Jan 74 122.00; Apr 74 125.70B; Jly 74 129.00. Tuesday's volume: 43 contracts. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. today pro- vided by the Alberta Hog Pro- ducers Marketing Board Edmonton: 43.15, average Wednesday 43.34. Calgary: 43.15, average Wed- nesday 43.18. Lethbridge: No sales, aver- age Wednesday 43.18. Total hogs sold to n a m. 380, total sold Wednesday av- erage 32.15. Sows average 43.28. ana ci 1003 4th Avenue S., lethbridge Telephone 328-4426 foccsstncr INDUSTRIAL PROPERTY LEASE BACK! Large, responsible Western Canada Company would like to lease their warehouse and office building of approximately square feet in Lethbridge area. Would be prepared to sign long term lease. New cost of land and buildings to in to" range. What offers? Apply fo Box 125, lethbridge Herak' DEVELOPMENT COMPANY Invites Inquiries From property owners intcrnttd in joint ventures and having land available for development. Reply to Box 123, Herald ;