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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 9, 1972, Lethbridge, Alberta i I H mtoM mines, industrials (Supplied By Richardson Securities u( no II w, IPs BID OR SALE a.m. Quotes) a.m. Quotes! (11 -.00 a.m. Quotes) MINES Oslsko .2! Cable Acm, .31 Pine Point M.OO Ford ol Am environment Market drop shs TORONTO (CP) Prices on he Toronto stock market, con-tolling to follow a pattern set Wednesday, slipped sharply ower in active mid-morning trading today. The industrial index, considered a major inlicator of mar-ict trend, was down .81 to 208.33 and western oils .24 to 253.96. Golds, however, were up .26 lo 181.38 and base metals .05 lo 53.85. Volume by 11 a.m. was 1.02 million shares compared with ..06 million traded by the same Lime Wednesday. Communication, merchandis-ng, pipeline and industrial min-ng stocks were sectors of irply market recording the most losses while chemical and real estate issues were the only sectors managing gains. Advances held a slight lead over declines, 119 to 117, while 189 issues remained unchanged. Great Lakes Power was off 2% to Walker-Gooderham to NSI Marketing Ltd. Vz to Simpsons to and BP Canada to Maole Leaf Mills rose to Sterling Trust to Budd Automotive Vt to Laidlaw to and Capital Diversified 8 cents to 65 cents. Bankeno slipped 20 cents to and Sherritt Gordon to Iso Mines climbed 30 cents to and Consolidated Rambler 35 cents to LIGHT TRADE MONTREAL (CP) Most sectors declined in light trading on the Montreal Stock market today. Combined volume on the Montreal and Canadian stock exchanges al 11 a.m. was shares, compared with at the same time Wednesday. B.irJcs dropped -94 to 27063, industrials .93 to 228.28, the composite .73 to 218.86 and papers .57 to 90.74 while utilities rose .08 to 156.31. On the Montreal Stock Exchange, National Trust rose 1% to Maclean-Hunter Cable TV to while Rapid Data dropped 1 to and Dominion Bridge to PRICES SLUMP NEW YORK (AP) The stock market slumped lower today as investors put President Nixon's re-election behind them and speculated on the shape of his economic policies for the coming year. The Dow Jones average of 30 industrials had skidded 4.89 to 978.85 by noon. Declining issues held nearly a 2-to-l lead over advancing ones in fairly active trading on the New York Stock Exchange. Among Canadians, Mclntyre Porcupine was off Hi lo International Nickel off to and Walker-Gooderham down at Dome Mines was up Vt at and Massey ahead 14 at On the Amex, Scurry Rainbow Oil was up >.i at and Neo-nex at Canadian Javelin was off Vs at (CP) Record sales in October of cars and trucks were reported here by Ford of Canada, Chrysler and General Motors of Canada. American Motors (Canada) Ltd. announced its October sales were the highest for the month since 1965. Sales of North American-built Ford cars reached unils, up 14.1 per cent from the previous record of in 1968. It was also 15.9 per cent above the October, 1971, tolal of Ford said Iruck sales, at units, were up 21.1 per cent from the previous monthly high of set in October, 1971. GM said its October car and Iruck sales reached all-lime highs, for passenger cars compared with last year and for truck compared with a year ago. SEES RECORD YEAR "We look forward to an all-time record sales year for GM in said J. D. Duffy, vice-president and general sales manager. Chrysler Canada said its October totals represented the seventh consecutive record-breaking month for passenger cars and 12 consecutive record-breaking month for Dodge and Fargo Irucks. Car sales totalled up 19.3 per cenl from in October, 1971. Truck sales at 76.4 per cenl higher than a year ago and 72.4 per cent above the previous record of in 1965. American Motors reported sales of units, up 18.4 per cent from the cars sold in October last year and the highest volume for the month in seven P.C. Exp. 28.00 Gen Motors 78.62'A Bralorne l.W Ouebec Man .08 Gt Lakes Ppr 15.75 Broulan .28 Ravrock 1.03 Gull Oil Cda 36.25 Bethlehem 15 RadJore Greyhound 22.75 Can. N.W. Land 6.75 Rio Algom 19.50 Hawker Sid 3.80 Canada Tuns. 1.45 Roman Corp. Hur and Erie 31.75 casilar 13.00 snerriii Gordon 13.50 Hiram Walker cenlral Pat.' US Silver Miller Imp Oil Chlmo 1.00 Steep Rock 1.72 Imasca 3B.OO iSnwest S.30 Tek Corp. S.10 Int Nickel 30.75 Cons Rambler 3.50 Texmont .29 Int Pipe 28.75 Coin 'Lake Upper Canada 2.72 nv Grp A 11.00 Cochenour .28 Western Mines 2 52 Int Ulil 22.50 rralgmont 5.80 Wright Hirgreivei .90 Ind Accept 20.50 Dickinson Mines Willroy 1.77 Layrentide Dcnlson Mines 27.00 Windfall .lovi Kelly Doug A 7.75 Deer Horn .06 Yellcwknilf! Bear 3.55 Lort 3.60 D'Eldona .50 Zenmac .10 Libia" A 1 75 Dome Mines 60.00 INDUSTRIALS mls-e S !.'lS Alcan 20.I714 Moore Corp East Sullivan 2.00 Algoma Steel 12.87V4 Molscns A 29.25 Falconbridge 5500 Atco Ind 10.50 Molsons B 28.00 FroSx .3' Atlantic Sugar 5.62Vj North 8. Cent 12.00 First Marlllmes 13.00 12.8714 Grarfduc 2.86 is'.OS M-S 1987'A B.C. 19.00 simp Sears y the Alberta Hog Marketing Joard: Edmonton: 35.65, average Wednesday 36.22. Red Deer: 35.65, average Wednesday 35.84. Calgary: 35.65, average Wednesday 35.59. Lethbridge: Nil average Wednesday 35.95. Grande Prairie: Nil, average Wednesday 35.35. Total hogs sold 652, average 26.25. Total sows sold Wednesday average b ii th DC ho tui of 23 cr 43 re, m be sh control oth houses a Montana HELENA, Mont. (AP) For 2 first time in eight years, mocrats will con'trol both uses of the Montana Lcgisla-re. Jased on incomplete and un-icial returns from the state's legislative districts, Demo-a'.s apparently will hold a 52-lead in the House of Rep-sentotives and a 30-20 com-md of the Senate, rhe Democratic party has en in command of Uie Senate ce the 1957 legislative m for mutu TORONTO (CP) The mu-tnal funds industry, "sleeping giant" of the investment field, is preparing to emerge from a Ihree-vear slump into a period of new investor interest, say seme fund executives. Mutual funds, widely end al fund to decline along with those of the stock market in mid-1969, but the funds didn't revive as did the stock market in mid-1370. Executives hope the expected revival in interest will be stimulated as a result of Dollar value MONTREAL (CP) U.S. dol-ar in terms of Canadian funds at noon today unchanged at io.98-ls. Pound sterling down Vz at NEW YORK (CD-Canadian dollar in terms of U.S. funds al noon unchanged al Pound sterling down 33-6-1 Gene IANDMO A PARACHUTIST'S INFlATABlE LANDING PAD ATTACHED TO ONE FOOLWAYHELP 1 ___________ 1 Wovtw AW ENLARGED OVERSHOE, IT'S INFLATED ON THE WAY DOWN BY COMPRESSED 6fS WHEN A VAWE IS PUSHED BYTHE OTHER 253'i 233% Dec 2537s May 253U 261% 262% Jlv 261 Oats Dec 88'i as cveryman's investment in the 1950s and most oJ the 1960s, have had little or no growth in Uie last three or four year in tax law. The annual limit on contributions to registered savings plans now is up from before tax reform. Thev feel that the there is a conflict; he in his wisdom feels there isn't. "We all felt there had to be some solution to this impasse. Mr. Dohm solved this by ban SYDNEY, Australia (Renter) Angry fishermen are demanding that a regulation absorbed through the lungs, he said. Much liiglier levels can be taken into the body through air levels. When toxic levels are reached, anemia, mental dis- CORRECTION WOOLCO PHARMACY AD ON PAGE 12 OF WED., NOV. 8th LETHBRIDGE HERALD TOOTH POLISH ITEM SHOULD HAVE READ LUSTRE DENT Tooth Polish 60 Ml an EACH flIO, SAFf, "SOfT 90% 90% Jlv go'ii Hal-lev Dec 124's May 12512 Rve Dec' 121% ]20's May 127 results, mutual funds' executives also are doing some self-examination. There have been some changes in selling approaches, creation of nore specialized funds and same regionalization of the industry's structure. "These things not happening by circumstance, but by says Michael Bell, executive director of the Canadian Mutual Funds Association (CMFA) whose CO member-funds represent 90 per cent of liie industry's billion assets In Canada. "People are Retting he says, and others in Uie industry agree thai it is just a matter of lime before customers flock to the funds again. KKWEU OWNEIiS The number of people who own mutual funds, about is fewer than in cash-ins by existing hove been ahead of new sales since Ihe boom years of 1968 and 1969. The industry's fortunes of a capital gains tax makes funds more attractive because it simplifies bookkeeping for the investor James Prendergast, president Of United Funds Management, second largest mutual funds group in Canada, feels that management has failed to grow with the business and a lot of inefficiencies have crept in. He foresees however, a mere orderly growth for the funds industry. In the 1960s, mutual funds were gelling as much as 25 to 30 per cent of the savings dollar. "Now." he says, "if we gel 15 per cenl, we'd he doing a good Mr. Wright said a committee under the chairmanship of Michael M. Ryan, vice-chairman of the board of governors and president of Ryan Investments Ltd., will be looking for a new man. He said Mr. Dohm had offered to stay until his successor is named. "The board demanded that I resign my directorship of tha Bank of B.C. I refused to do Ihat. It was a point of principle on which we Mr. Dohm said. "They then asked me for my resignation. They went overboard there's no othe r word for it. They just over-reacted to the situation. "I have no vote at the nVn-couver Stock Exchange. Thero is n provision for it in an old statute, hut in practice I have no vote. As for disciplining listed companies, Ihat is handled by a committee of past presidents of Ihe exchange. "I have a vote at tbo Bank New South Wales Fisheries and Oyster Farmers A c t b e scrapped. It prohibits singing or making a noise while tending nets between sunset and vomitting, colic and, eventually, seizures and death can occur. The United States also has announced similar regulations for low-lead gasolines for Jan. 1, 1974, Mr. Winlhrop said. Japan and several European countries, including Britain and France, also have announced regulations. OF PAPER In a 24-hour day, one modern paper machine may produce 700 miles of By THE CANADIAN PRESS International Nickel Co. of Canada Ltd.. 25 cenls. U.S., Dec. 20, record. Nov. 20. Pacific Western Airlines pfd.. Scries A, Dec. 1, record Nov. 20. Elcctrohome Lid., 7'i cents, Nov. 30, record Nov. 15. Traders Group Class A, 20 cents; Class B, 20 cents; both payable Jan. 1, record Dec. 10; 41s per cent pfd., Scries A, five per cenl pfd., 50 cenls; five per cent pfd., Scries A, 37'i cents; pfd., Series B, 54 cenls; all payable Jan. i, record Dec. PAYS TO LEASE! Leasing frees your working capital Leasing provides reliable transportation at low cost You just sign a contract and pay ONE regular monthly