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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 3, 1972, Lethbridge, Alberta IT! IKS quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCiwig Limited LAST C1I) Oil SALE B.m. Guotei) p.m. Uuoleil a.m. Obotfs) WESTERN OILS Hu Biy Co 16.75 Gr Equity 1.27 Almlnsx 4.M Hud Buy oil 47.75 IIWEI Gr F 12.15 13.2 Alls East Gas 7.50 Hud Bay Oil Pld 57.2S Invest Mutual 5.78 6.3: Asamera 13.00 Hueh Rvsel Muluel Ac 5.99 6.5 Ashland Oil Gas ".75 Husky Oil I5.I2V4 V.utual Gr F 4.74 5.2 BP Cdn 1S.SU Mucky 0 B .j Hal Re! 7.31 1.1 Canada South 7.80 Husky Oil War D iUO H W Fin 5.28 5.8 Cdn Export Gas 3.55 Inter Prov Pipe 12.51 W C-r 5.S7 6.4 Cdn Homestead Inter Prov Steel 1500 Pnnc.pil Gr 5.3 Cdn. In ell 11.00 Ksljer 2.20 Ffoylunii 6.82 7.1 Cdn Spsrlor 52.00 Lollaiv 2.10 C 31. !0 Gr 1.02 8.7 Cdn Lono ll .40 M.G.F. Manage 3.00 Ac 5.60 61 Charter 4.10 Paclllc Pee a. 11V, Universal Sav 86 chleltan la.25 Rainier VANCOUVER Dome Pete 3B.25 Sandwell 2. GO MIMES Greal Plains 31.50 Teltdyne 4.10 7 oo Greaf Cdn. Off 6.15 Wesf Cdn Seed 6.03 Expf0r Lochlel Expl. 2. on Whllenass Yukon 17.00 77 North Cdn. Oil 5.95 Weslon Geo A Brcncln Humac 19.75 ,uc Churchill Copper .51 Pancandlan Pela M.37V4 A 5 00 MV Pan Ocean 16.75 Davenport .33 Petrol 1.39 GM f-' mm M Plnnnclo -25 f11" .sa' Dolly Varden .25 Place Gas .79 N'! J''2'1 Dynasty 8.15 on ri n Morlh Cen Gas Fmninr-ii.! 17 a, ?.r -urn Cs" B Fo-1 Pef lance sys rl IE p'd A I'." T..r P... 7.75 Tr Cdn P a Minerals Km D.C.M. i Vr Pp A PvSd i Westocas, Pet, 10.12V. PTran5 standard .70 CALGARY WKI Trans Wls vnlley Ccpper 8.00 Bafon'' Oil "SS'A MUTUAL FUNDS IKOU5TR1AL Wiirnrr 51 All Cdn Com 8.35 9. 12 Block Eros 275 i All Cdn Ovid V.13 9.98 B.C. Sugar 19.75 MI5C INDUSTRIES AM yenl 4.73 4.61 B.C. Sugar Pld 14.75 Aquitalnc 25.75 Amr gr p 0.53 7.17 cant Inler 3.70 Brinco Sptcia 3.35 Columbia Brew 3.50 Cdn. Brew A 27.50 cdn Invest F 5.0? 5.53 F Ind 3.01 Cdn Brew B 35.01 col Mutual 6.S.I 7.62 Hys Z.35 Cdn Pac Inv. 23.12Vj cmnw Inler 1.U5 lfi.1 1 r.cy Indus! .53 Crowsnesl Ind. 25.00 Cmnw Lev 406 446 Pacilic W Air 22.01 Cyqnus B 7.00 Cmnw Venl 7.91 8.69 Stamped Nil Res .67 Falcon Copper 11.00 Corp Invest 6.07 6.63 hike4 in Canada's GNP output TORONTO (CP) The senior economist for San Life Assurance Co. of Canada said Thursday Canada's gross national product is unlikely to Increase more than six per cent next year and unexpected developments will probably decr-ese rather than Increase .it. J. W. Popkln, of Montreal, told a Toronto economics seminar: "There Is nothing In the behavior of major domestic business indices or prospective International trends to suggest a reversal during 1973 of the underlying expansionary trend in the Canadian economy and there Is growing evidence that an accelerating pace of capital spending in 1974 and 1975 will cushion some weakening tendencies in other sectors to maintain a steady, If less than boom rate of expansion through these years." Mr. Popkin said if there is a shift in emphasis within the economy during 1973 it will probably be increased demand from the business sector for both Inventory rebuilding and capital expenditures with less buoyancy in consumer spending an housing and durable wa] about ?m Herald Legislative Bureau EDMONTON Two cabinet ministers said Thursday the Alberta government is interested in finding out more about the benefits of natural gas powered vehicles. Replying lo a question in. the legislature, education .minister Lou Hyndman said he would welcome any submission f-om school districts Ihlnking of to fin itural gas verting bus fleets to nature gas fuel from gasoline. Doug Milter (SC-Taber- Warner) said the Taber School Board has commissioned a sludy of the feasibility of converting a school bus to natural gas. In an interview later, environ-mnet Minister Bill Yurko sale Ihe Alberta government has 1 converted a car, a truck, UTMMIDOI HIUIB _ ff] d more vehicles a bus to the low pollution tw and Is studying the effecti. "We will be testing the eol cept under both summer in winter said Vtt Yurko. "When the study li eon pleted we will then decision as lo whether tbli typ of conversion should be eocoin aged or discouraged." Mr. Miller showed the Htrali a letter from Roy Noune, Calgary supervisor of CiUfdia Western Natural Gas Compel lo R. M. Greenaway, BecreUrj treasurer of the Taber Schoo Division outlining some detifl of natural gas conversion. "To our knowledge DO om has yet attempted to equip i bus of the type which you an considering to natural Mr Nourse wrote. "However, then is no reason that they cino be converted since the engine If basically the size of a con venlional madium-sized truck.' MAKE SUGGESTION The Canadian Western Nttur al Gas official suggested the Taber school district convert i bus on a Irial basis and use fuel from a CWNG compreffiot station currentlv being set up at Lethbddge. The cost to con vert a vehicle would be about he wrote. One limitation to natural gas powered vehicles Is that the fuel tank for a bus of the type considered would only permit about 150 miltf be-iween fill ups. "Our company presently hat 80 vehicles, up to one-ton trucks, operating on natural gas and the performance resultsare very the CWNG official said. "Since inception some two years ago, we have been operating on a fuel tax-free basis with permLssion torn the provincial government however, vhen studying the economics of a fleet conversion, it would )e wise lo make Ihe calculation with and without fuel tax in the event that such a tax s legislated Mr. Nouree said CWNG would be pleased to do a study ol the costs an ddetails of conversion of the Taber school bus fleet. TSE pri in active TORONTO (CP) Prices on Lhe Toronto stock market rose moderately higher in active mid-morning trading today. "Hie industrial index, considered a major indicator ol market trend, was up .77 to 206.55, jolds 1.9C to 100.61, base metals 05 to 03.30 and western oils 1.41 o 249.23. Volume by 11 a.m. was 1.16 million shares compared with traded by the same time Thursday. Beverage, merchandising, lipeline and oil refining stocks wre among sectors of the market registering the most gains vhile communications, steel, itility and general manufac-uruig issues were off slightly. Advances almost doubled de-lines, 153 to 82, while 185 is-ues remained unchanged. 'EiMNINGTON UP Penninglon's rose 1 to lussell Hugh A to Chrysler to International Jtilities to and Bow to Electrohome slipped Hi to Southam Press to Interprovincial Steel and 'ipe J's to sis, Algoma Central i to 51114 and Foodex 14 to Iso Mines advancel 55 cents o Copperfields 33 cents o and Teck Corp. A 25 enls to Barymin dropped cents io 72 cents. Canadian Superior climbed 1 o and Francana to up 5 trading MONTREAL (CP) All sectors advanced In moderate trading on the Montreal stock market tolay. Combined volume on the Montreal and Canadian slock exchanges at 11 a.m. was shares, compared with at the same time Thursday. Industrials rose 1.06 to 226.06, the composite .86 to 215.95, utilities .46 to 154.01, hanks .23 to 261.57 and papers .11 to 90.57. On the Montreal Stock Exchange, Trans Mountain Oil Pipe Line rose 1 to Velcr Industries 1 to ?17 and Logiste Corp. to Internationa Utilities to On the Canadian Stock Ex change, Montcagle Explor ations rose five cents to 8 coils on shraes traded. RALLY CONTINUES market rally went into it fourth day tcday in active trad ing. Brokers said investor were encouraged by both puliti cal and economic news. The noon Dow Jones averag of 30 industrials was ahead lo 331.04. Gaining issues wer ahead of losers by 2 to 1 on the New York Stock Exchange. The NYSE's most active is sue was Texaco, up 14 lo A block of shares sold a Among Canadians, Massey rose to ?YlVz. Walker-Goo-derham was also up lo Mclntyre Porcupine fel IVi to ?50'4 and Granby Mining to ads must have lie VICTORIA (CP) Th3 British Columbia government announced Thursday that effective immediately all printed cigarette advertisement in the province must carry health wa-nings. All cigarette packages must carry such warnings jy Dec. I. New regulations under the To-Daeco Products Act, passed at :he recent special sezsion of the legislature, call for one of three warnings on cigarette packages and advertisements in newspapers, boots, periodicals, B.C. alth warning grams, circulars, price lists or letters on a vending machine. The choices of waTiing are: Cigarette smoking is harmful to you; department of national health and welfare advises that the danger to heallh increases with the amount Oil A 37.75 Drevlus F U.S. 13.10 1435 Plain! Pele .27 Home Oil B 36.00 Gr In Shares 4.64 Wesl Explor .C5 Toronto mines, industrials (Supplied By Richardson Sccarlllcs of Canada) LAST BID OR SALE a.m. Quotes) a.m. Juoiesi HI; DO a.m. Gimlet) MINES Norlhgala A.in Doffisco Acme .32 Oslcko CaUe 19.75 Advocate Asb. l.-il Pina Point 2F 75 F'ord or Am 68.00 Akaifcho 51 Placer Oev. 35.75 Grr Cdn 6.25 Dralorne 1.90 P.C, Exp. 2.70 Gen Motors 76.25 Broulan ,28 Quebec Man Grt Lckes Pp 15.25 Bethlehem 15.50 Rayrock 1.04 Gulf Oil Cda 35.35 Brunswick 3.55 Radlore -3B 31.25 Cdn N.W. Land 5.85 Rio Algom W.flVi Sid 3.60 Canada Tung. Roman Corp. 6.20 Hur Erie 32.0C Cassiar 13.r-5 Sherrill Gordon ld.75 Hirnm Walker 50.25 Cenlrol Pal. 1.2J Silver Miller imp Oil il.sa'A Chimo 1.01 Sleep Rock 1.75 Imcsca 26.50 Ccmvesl 5.59 TcK Corp. 4.25 Inl Nickel 31.75 Cons. Rambler 2.60 Texmont .38 Inl Pipe 19.00 Coin Lake Upper Cunada 3.fB Inv Grp A 10.t2Vi CocOenour Wesfern Mines 2.55 Int UliJ surgeon general has determined that cigarette smok-ins is dangerous to your health. All Canadian cigarette packages now carry a heallh warn-np from the federal government's deoartment of national health and welfare. During Ihe session Altomey-General Alex Macdonald said rmnorted packages from the U.S. would have to retain warnings from the U.S. government when they are sold in B.C. The tobacco products Act was introduced to replace a total tob-cco advertising ban imposed by the former Social Credit government with the unanimous consent of tha legislature in 1971. Undsr the new act, the B.C. povemment has broad powers In control the labelling, packaging, telling, distributing and ad-ve-tising of tobacco products. Broadcast and billboard ads for tobacco products remain banned. Mr. Macdonald said during session Ihe government v.-ould not use these powers at tfcis time to impose restrictions on advertising of cigars, pipe tohscco or snuff. Under the act, anyone who contravenes the regulations is subject to a fine of not more than S500 on Ihe first offence or tn a prison term of not more then three months or to both; and for a subsequent offence to a fine of not more than or a prison term of not more than fix months or to both such a fine and prison co to court on stock SAN FRANCISCO (AP) -Kaiser Steel Corp. and a Canadian subsidiary consented Thursday to a United Stales ederal court order barring turner offers or sales of stock in he Canadiao firm unless they are registered with the U.S. securities and exchange Commission SEC. The SEC had alleged that 36 American officers, directors and employees of Kaiser order offers months. The Kaiser fi-ms pledged to meet that deadline. The SEC complaint contended that the original public offering of Kaiser Resources stock to KRL Investments should have been registered v.ith the SEC. It said Ihat Kaiser Resources and Kaiser Steel "facilitated and assisted KRL's 36 shareholders to offer and sell the Rc-sourtes stock on Canadian stock exchanges." A report last March 2 to Ka-ser Steel and Kaiser Resources directors said that a special committee of the Kaiser Resources board of directors had concluded that failure to disclose the KRL transactions was "an error in Kaiser said in a Mines 2.d5 Willrcy Denison Mines 37.25 Windfall Horn -Oi Yr-llowknlfe D'Eldona .60 Zenmac Dorr.e Mines INDU Dcnalda .35 AhlJlbl Discovery Mines Alcan Easl Malarlit 215 Algoma St Easl Sullivan 3.15 Atco Ind Fakonbrldgs 57.25 Atlantic SL Frobex JO Agra Ind First Marillmes -J6 Bell Tel Giant Y.K. 6.03 Brazil Trac Bovls 300 B.C. Tel Granduc 2-50 Burns Headway R.L. d.50 B.C- Fore'. Hollinger 3B.7S B.C. Suflflr Hudson Bay M-S 20.iO Va In Hydra Ex. .16 CAE Ind Iron Bay 3.50 Cdn Brew IED Criemcrll Jcliel Ouebec .25 r-l Kaps 11.00 .C9 Laurenlide 13.37Vi Bear Kelly Doug A 7.75 .03 Lceb Grain pri Winnipeg Grain WINNIPEG (CP) Flax rices shot sharply higher at nis-session on the Winnipeg ommodily Exchange today as ocd exporter buying accounted Dr gains of nearly five cents 1 some months. Prices in other commodities ere mixed in generally lighl -ade. Hapcsecd was off mar-inally in-lnter-monlh spreading nd heavy hedging by interna-onal houses. Oats and barley were firm in Dme domestic shipper trading hile rye was fractionally lower fler recovering from heavy elling at the open. Volume of trade Thursday onsisted of bushels review flax, of rye, of Vancouver rapeseed and of Thunder Bay rapeseed. Mid-session prices Flax: Nov. 1% higher 3.54VJB, Dec. 4-li higher May 3% higher July DO MuDScy Ferq el 13 75 McMillan Bloe :3.50 11. 63', '2 Mmre Corp 19-00 gar 5.75 B 2B.50 12.62W Mcrih Cent ji2.12Va Power Corp 19.75 Price Co 11.50 5i.75 Rolhrr.ans 17.50 1G.03 SI. Corp 20.00 19.75 Shell CDA 53.75 Simeon's 2E.OO d 39.00 Sim? Serrs 39.00 o.75 SJ-Tl cf Cda 575 Sdkirka A I2.t2lj Texaco 5i.OO 9.47 Traders Grp A Rapeseed Vancouver: Nov. loiver Jan. lower 2.82 March 1% lower 2.78 WE, June lower Rapeseed Thunder Bay: Nov., Dec., May, Jly not open. Oats: Dec. higher Mav higher 90, Jly higher 90. Barley: Dec. U lower May unch 1.2711, Jly lower 1.2714. Rye: Dec. 11, lower 1.21'iB, May lower Jly not open. Grain quotes Thursday High Low Close Flax Nov 330 352'i Dec May 335 329U Anacon .Ifl Coron Cred LBbraclir 39.75 C.W.N. Ga Lake She-re 2.70 Cdn Ind Langis Silver .05 Cdn Marco Matiscn R.L. .63 Cdn Vlcker Malsrllc G.F. .CO Chrysler Marlin McNeely .10 C.P.R. Msclnfyrs -Ji.35 Comlnco Mela Cons Bath Widrim Ccns Gas Nu Wcsj Homes Dlst Seaqra Alhona .11 Dom Bridg Inlern Mogul 13.35 Do-r.lpr New Calumet .301 a Dom Tex W. Horse Copper 2.35 Dorn Store Horsnda 39.00 Dome Pete Neii? Yo (Supplied By Richards Amr T and T J? OJ Sears Anaconda 19.75 Texas Guir Dclh Sleel 26.75 Texas Co ChryslEr Wickes Cc Conisal 60.1 2Vz Wool worth Dupont 17J.OO Westlnohous G.'.l 7P.M U.S. SJeel GLlt 33.25 Gen Tel Ele inl 37.C7ib ,nonu.n Kenn Copper 33.50 TORONTO Monlgomery ?fi.OO 20 Indust i r-5 Trans Cda Pp 5 Ffd 11.75 Ur.ion il 50 t-'r.-'j-i 47.50 il J !5 Vcrselile Mfg 5.50 S WcsJcd 22.50 Unioi car 17.00 l-1.621'a WeElon's B -5.25 A 26.75 Vi 37'i Crin Seed ri.ra H.r7''a Zcnilh Clrr 2.05 ms 37 25 BANKS e Cdn In-.p 16. 75 20.01 8.75 Mnva Scaiia 3B.50 1J.7S Roycl 3J IS 33.3714 Tor-Dom 02 03 rfe stocks on Sccnrllica of have profited from inside in public offerings of Caiser Resources Ltd. stock in Canada in 1969. A Canadian company called CRL Investments Ltd. was ormed to buy Kaiser Resources hares at the 1969 public offer-ng price on behalf of the 3G Americans, including Edgar F. Caiser, chairman of Kaiser Industries. KRL Investments purchased 2.200 shares of Kaiser He-ources in and sold hares th-ough Canadian stock exchanges in 1970. At that time, Caiser Resources encountered lifficulties in starting opera-ions of its new coal mining acililies in British Columbia. SIGNS INJUNCTION U.S. District Court Judge Charles B. Renfrew signed the inunction order on the day that hi; SEC filed its complaint gainst the two Kaiser com-Janies. The order requires liquidation f KRL investments within four TO PURCHASE! AMERICAN COMPANY Interfiled In Acquiring LARGE RANCH WITH BEEF CATTII Reply: PRESIDENT 36, Lelhbridnt HmU sales are higher this year CALGARY (CP) Burns foods Ltd. had a profit cf or 81 cents a share during the first nine months this year. In t h e corresponding period of 1971, earnings were or 64 cents a share. Sales rose to from A W CALGARY ii S CURRENTLY HAS OPENINGS FOR MEN INTERESTED IN MANAGEMENT Applicants should have high echool education, supervisory experience, anl management potential. They should also be willing o work evenings and weekends ai required. A competitive salary plus benefits ore offend. Contact CANADA MANPOWER CENTRE IETHBR1DGE Attention RON By Gene Fawcetle GiAsseeAwes TO SAVE OUR DISAPPEARING BEACHES FILL IN WITH 10 Dase Wei Jl up .08 37.37i.-3 IS W Olh ?53.0i up 3.2J p 3J.DO Volume E EI9L SSNEW YORK AVERAGES 23.7J 3D IndL-st ?51.0J up 7.5fl C 3D m'j 55 Rails 223.46 up .39 1S UllllliBS HB.S3 Up .il AVERAGES 65 up 1 83 S.B5 up 1.07 Volume GLASS, SA'iS DR.M.D. PILBURN OFRUTSERSU. DISCARDED BOTTLES ANDJASS, ALREADY A MAJOR DISPOSAL 328 li Hapesccd Vancouver Nov 2H97'a 285Vi 285'.i Jan 287vk 282'i Mar 203 27IK1 June 276Vj 274 27J Hapesccd Thunder Bay Nov 256% 256 25H Den 256 256 May 265 205 Jly Lethbridge Livestock On offer to a.m. report Ihc slock calves were 400 lo 500 poujlds. Good feeder steers less than 7GO pounds 3IH4.10, more than 750 pounds Good feeder heifers 32 lo 30.90. Good stock and feeder cows 24 to 28. Good stock steer calves 45 lo 51 wilh lightweights lo 53.50. Good stock heifer calves 35 to 42. Hogs base price COULD BE GPOUND INTO PARTICLES ALMOST-INDISTINGUISHABLE FROM mostly stock calves. active. Good and choice jutcher steers continue to meet pood demand, prices 25 to 0 higher for the week. Good c.nd choice butcher heifers strong to 25 higher. Cows tcady to sLrong. Bulls 50 high-r. No replacement cattle sold w S T That can we Canadian n. noints has the stv- 1 uf GFf tfirFc: 3ec 87'i 87 87' k May 89% 89 89-% Jly 03 li Barley Dec about How QfTRID OF WAST f GLASS May 127 Jly Ilyc Dec 123' May Jly 127 122 128! s 127'i 127-, 121'a 127U INDUSTRY LOCATED IN SOUTHERN MANITOBA, MANUFACTURING RECREATIONAL VEHICLES requires a PRODUCTION MANAGER Musi hove knowlcdgD and experience in asjesiing pro- duclion rcciuircmcnts in relation lo plant capacily man- power availability, material and financial limitation. 'Formu- lalo program, recommend improved manufacturing tech- niques. Control quality and develop reporting procedures. Good potential wilh growing company, aood inceii- Iivcs, salary open. Apply (o: MORDEN Canada Manpower Cenlre Box 1418 Morden, Manitoba ROG 1JO Phone 822-5333 Choice Steers: 35 to 3o.80; good lo 3150. Choice hcifere: 33 lo 33.00; good 32 lo 33. Good cows: 25 to 26; medium 1 lo 25, canncrs cutters 20 to 2.50. Coot! Bulls: 28 lo 29.50. Bulcher hogs sold Thursday jCthbridge 35.90 base price. Goori lambs 24 to 24.50. Calgary livestock P1' rices EDJTONTO.V (CD Aver- prices lo 11 a.m. provided by the hog producers beard: ?i.GO, average Thursday 33.G4. Red Deer: 35.GO, average Thursday 35.74. Calgary 35.55, average Thurs- day I.cihhrid.ac: Nil, average Thursday 33.58. Ijloydmin.sic.r: Nil, average CALGARY (CD Receipts Thureday nS.S. n the Calgary Livestock mar- Grande Prairie- Nil av c rage ;et lo 11 a.m. lolalled Thursday 34.75 cad, mostly stock calves. ]rort Maclccrt: Nil, average "Yr.de was strong and active. Thu.-sdav 35.55. WANTED Notional Mobile Manufacturer in Southern Al- borla requires driver to operate "Towing "B" Liconso minimum, Should experienced on large vans, liusc! or timilar. Mutt have rtlerencei. Full lima. Salary on basis. Apply Box 39, Herald ATTENTION: TRANSrORT DEPT. Insufficient slauffhlcr entile offeree! to establish ,n market. Closing prices Thursday. Choice slaughter steers 34 In 35.50, good 33 lo 31, medium 31 lo 32.75. Choice heifers 33 lo 34, good 32 to 11, medium 30 lo 32. Good 25 lo 26, medium lo 24.75. canncrs and cutlers IB lo 23.75. Good bulls 27 lo 29.50. Replacement cattle met n keen demand at fully steady lo Total sold 1.256. Total hogs sold Thursday av- erage 35.C3. Sows nverafic 20.00. Beef futures WINNIPEG (CP1 Live Iwcf futures close Thursday. Nov 35.25B; .Inn 3G.50B; Mar strong prices. The majority of conl.racls. Wednesday's volume: SI x NOTICE- HURLBURT AUCTION SERVICE LTD. REGULAR HOURS ARE 6 A.M. TO 5 P.M. Evening hours lilted In our ad oF Wednesday, November 1st on Pago 13 wore in error Schenley Tradition? That it is incredibly smooth? That it has become so popular we now blend over bottles a year? Better that you try Schenley Tradition and find put first hand about the rye with the unique maple leaf medallion on the bottle. And while you're taking those first promising sips, try this quiz and see how much you know about your country. 1 What arc the official colours of the Vancouver Canucks? 2 A Gaelic word for running water" is also the name of which Canadian city: Osbawa? Calgary? Eslevan? 31 low many MP'ssitinthc J House of Commons in Ottawa? lizcd Maple Leaf on the Canadian flag? 5 What did Tom Longboat ever do? 6PhiIMcGinnis, a reporter from Huntington, v did more for racing (ban just write about it. What? TWhntwas notable about Dr.E.II.Stowc? Answers: 111 JOJDOJl 3JDU1.1J JSjy ti J.IAO .Tsjnq R a iioidiurip su.u stj piij y -jsnj unj a SchenleyTradition. So Canadian you can taste it The Compuuy that has been bringing you the Canadian Schcnlcy Football Awards since 1553. ;