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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 12, 1971, Lethbridge, Alberta Weaker trend evident today Govt. radio station bid turned down Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied liy Dohwty. Iloadhotiso and McCualg) LAST BID Oil SALK TORONTO (CP) Base metal issues edged fractionally higher as prices in all other major sectors of the Toronto stock market dropped lower in slow mid-morn ing trading today. The industrial index was off 36 to 161.10, golds .02 to 143.42 and western oils .24 to 193.40. Base metals were up .02 to 70.20. Volume by 11 a.m. was shares, compared with at the same tune Thurs- day. Declines outnumbered ad- vances 90 to CO with 141 issues unchanged. Weakest of the in- dustrial index's 17 sub-groups was oil refining. Paper and for- est, steel and trust and loan is- sues edged fractionally higher. Falconbridgc dropped '.z to SB) Walker-Gooderham Vz to 533 Imperial Oil to Ca- nadian Homestead 20 cents to S7.25 and Pacific Pete to Simpsons dropped to Bell Vi to CP Ltd. to iMcIntyre Vz to and Hudson Bay Mining 'i to SIT'.S. Seagrams was up 'i to SS3'i, Bethlehem Vi to Sherritt IB to Alberta Gas Trunk IB lo and Lake Dufault to Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with at the same time Thursday. Highlighting losses, Pacific Petroleum was oft to S27, Bell Canada K to imper- ial Oil to and Murphy Oil to Vi. EDMONTON (CP) The Journal says Stale Secretary Gerard Pelleticr has rejected temporarily an application for extension of the broadcasting licence of CKUA radio, orwr- by Uio Alberta govern- province had applied for a two-year extension of the li- cence which expires next March. The commercial free station is leased by the Uni- versity of Alberta to Alberta Cover nment Telephones, a crown corporation. The fate of CKUA has been in question since the state sec- retary ruled that governments or their agencies could not hold broadcast licences. The newspaper says Mr. Pel- letier, minister responsible lo parliament for the Canadian Radio-Television Commission, is expected to meet with provin- cial ministers later this montn to discuss the issue. Mr. Pelletier indicated ne wanled more information proposed community services the station could offer before deciding on any extension. t Gas WESTERN OILS 5.00 5.45 1325 Ashlnnd BP Oil Gas South Cdn Cdn Homestd Cdn Home Pfd Cdn Ind Gas Oil Cdn l.onq Cdn Super Cen Del Rio Charter Chlctlan Dome Dynamic Pete Gt Palins Gt Cdn Oil Lochlel Mill Clly Nev, Cont Norlh Cdn Oil Numac pan Ocean 5.65 320 7.40 610 11 V' 675 Invent Mutual Mutual Ac Mutual Gr F Ma! Res N W Fin M W Gr Principal Gr Rnylund Temp Gr Hud Day Oil Hud Bay Oil Pfd Hugh Rutiell Husky oil Husky Oil B Husky Oil War Inler Prov Inter Prcv Steel ,...11 Kflher RL-S 1413'A Lake Diitault B MGF Manago 55 Pacific Pels 36.00 Side's Teledyne 5 H) West Cdn Srcrl jfg 2B50 Barons Oil "renoa j 75 Madison -lj Cnurcnll North Cont Crcyden West Warner -JU Doiiy Varden Sl-liLc. Ceian, frlday, 12, 1971 THE LETHMIDOI HIRAtD 21 Foreign aid bills sent to House 3 85 i. '.0 fi 75 Universal Sav Van'juard VANCOUVER MINES Anul- Arctic Mining Alia! Explor Bath Norse Coppf i.Ol S.'B i.U S.3J 4 60 5.06 (.13 6.71 4.19 4.60 5.0? 3.74 4.11 5.15 5.36 4.77 5.21 454 499 667 733 9.31 10.20 .58 3.55 .42 .14 4 RO 11 MONTREAL (CD Prices dropped in all sectors in light trading on the Montreal stock market today. On index, industrials were off 1 04 to 164.36, utilities .75 to 143.87, banks .16 to 202.16. the composite .90 to 164.76 and pa- pers .02 to 67. C4. _______ NEW YORK (AP) The stock market slump moved into its third day today, with prices sharply lower throughout the list. Trading was slow. The noon Dow Jones average of 30 industrials was down 7..3 to 807.68. Losers led gainers by nearly three to one among issues traded on the New York Stock Exchange. In glamors, IBM was off 2U to S290, Control Data was up at Polaroid was off -is to and Xerox was off 1 at At'noon, the Associated Press 60-stock average was down 1.7 to 300.3. Among Canadians on the NYSE M c I n t. y r e Porcupine gained V4 to S66 and Genstar Ltd. was up lo Mines was down lz to On the American Stock Ex change Canadian Javelin gainer 11 to and Scurry Rainbov Oil was down an equal amoun to Grain price review Livestock Winnipeg Grain WINNIPEG (CP) All com- modities were on an easier >rice pattern with all rapeseed utures seven to nine cents low- er at mid-session of the Winni- Grain Exchange today. Pvapeseed followed the pat- tern of the Chicago soybean market, which was three cents owcr Thursday and as much as 10 cents lower today. Rapeseed had a heavy trade as selling came in on a broad market Oilier commodities were frac- tionally easier on fair volume of trade. Volume of trade Wednesday included bushels of flax, of rye (XX) of rapeseed. MID-SESSION Flax- Nov. Vz lower 2.43: Dec. I lower May 3i lower 2.403i; July ?i lower Rapeseed Vancouver: Nov. II lower 2.61Vz; Jan. 8 lower March 714 lower June fi's lower Rapeseed Thunder Bay: Dec. lower May 9'i lower 2.55; July 814 low- er 2.5414. Oats: Dec. 'i lower May 14 lower 67; July Ve low- er 6714. Barley: Dec. 1 lower 1 04'4; May lower 1.07U; July lower l.Mli. Rye: Dec. 'i lower May i lower July not open. Rapeseed gains in Alberta per -ol pinnaclfi Place Gas 1. Ponder Ranger Scurry Rain J- Spooner Selbens Ulster v.'est Decalta 6 WC MISCELLANEOUS INDUSTRIES Aquataine Brlnco Cdn Brew A Cdn Brew B Cdn Pacifif Inv Crowsnest Ind Cygnus A Cygnus Pacifi Gas T'rCdnP P- Tr rdn P Pld Tr 1250 A .IB.1 Bron A Valley Copper S3.75 l.tS 28.75 Genstar Home A Hud Bay Co 22.75 2J.50 525 5.25 10.67': 28.37': 29.57V: 1625 cans MUTUAL FUNDS Block Br. IS !'f5 lie' llidnVcn, J.7., C.P I nter 3113 Albany Oi 5 W Plains Pel 10.18 11.14 VJ Explor 3.95 "5i; 6.10 '.OS'7j .30 1.00 .36 .25 7.25 .06 2.75 H'OO 6.00 2.90 2.90 3.iO 70 1 5.37', .ei (Renter} The House of Representatives was expected today to put back into one probably larger pack- age the two foreign aid bills that have been cleared by the Senate. By a surprisingly large mar- gin of 65 to 24, the Senate Thursday partially restored the battered foreign aid program by approving a billion bill for military aid to countries. The vote followed the Senate's action Wednesday night in ap- proving a separate billion bill for economic and liumani- tarian aid. It was two weeks ago tonight that the Senate surprised gov- ernments around the worM by rejecting a foreign aid bill for the first time since the program was launched in 1948. The two new WUs, which ths Senate foreign relations com- mittee drafted as interim mea- sures pending a revision next year of the whole foreign aid program, now go to the House. The chairman of the House foreign affairs committee, Thomas Morgan (Dem. said his committee will proba- bly recommend a single bill. This strategy is designed to help approval of foreign aid In the House, where economic as- sistance is less popular than military aid. Sulphur producers on the carpet Gr In Shan Gr Equity Invest Gr Sugar beet production gets mark FARGO, N.D. (API Sugar beet production in North Dako- ta is expected to total a rec- ord 1.2 milb'on tons, an increase of 12 per cent over 1970 pro- duction. The latest survey indicated 93 per cent of the sugar beet crop has teen lifted. S'ugar beet per-acrc yield was forecast at 1C tons, or 4.5 tons an acre above the 1970 yield. E? By Gene Fa'wcette RECtO-INS ALL REFUSE AUTO- BYCCASJUB STHE AW Or TESTS NOW UNDERWAY ATM.1.T. 1RASM IS FIRST SORTED JYSIZE.THEN SENSORSANALVZE ARC-S CHUNKS WHIRLED ON A URNTABLE VMIE A COMPUTER DENTIFIES THEM AND DIRECTS THE REFUSE INTO THEIR PROPER UMPetJTIFtfP JUNK Off SMALL pieces ARC SfNTTOA PULVERIZER HHCRf SCPAIWEP ACCOfDlNB TO tethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. cat- tle and calves. Receipts mostly feeder cattle. Trade active up to 11 a.m. There was insufficient numbers in any class to quote prices. Calgary livestock CAIA3ARY (CP) Receipts the Calgary livestock mar- et to 11 a.m., about 3.500- ead; mostly stock calves and eplacement cattle. Trade was active. Slaughter cattle were prac- cally all cows selling steady t the week's lower level. Good slaughter cows 19.75 to 0.50, medium 18.50 to 19.50, anners and cutters 15.50 to 18, Replacement cattle met J ood demand at steady prices Stock calves were in good de- land for both local and east rn buyers with prices steadj or quality. Good feeder steers less than 50 pounds 34 to 36.50, mor Acra Indus! 7.62 Bell Tel Brazil Trac 16.6: B.C. Tel Burns B.C. Fore- B.C. Suoa CAE Ind Inl Nickel Int Pipe Inv Gp A Int Utilities Intlust Accept Laurenlidc Kelly Doug A LoblflW A Metro Stores Ferq McMillan Bloe Moore Corp North, Cent Power Corp 17.00, 13.00 26.75 20.37V2 12.75 63.15 d.75 75.55 14.2S f 2.05 31.75 38.00 2B.25 17.35 76.75 77.75 6.00 38.OG IB.50 CALGARY sentatives of two sulphur pro ducing companies say they have been asked to answer questions next week More the combines investigation branch. Spokesmen say they will like- ly be questioned on sulphur .22 3J.CO 3.20 ulose Cal Fewer Ccron Credit C.V.'.N. C-as Cdn Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Cons Bath Cons Gas Dist Sea 'Dom Bridge Domtar 11.75 Shell CDA Taders Gp A J Trans Mtn Pp Trans Can Pp Union C-as Unlcn Oil Versatile Mfg 25.50 7.5.50 11.75 19.00 5.75 19.25 53.75 22.25 9.50 Westcn's B Woodward's A W Cdn Seed Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dorn 53-00 1675 16.00 3 AM 575 19.00 33.P7V3 20.CO 26 15 33.75 13 50 3025 307'j 13.75 4.100 335 13.50 13.00 14.63'.'] 23.75 i 55 3.10 23.35 25.87': 25.00 Car insurance rates may be raised TORONTO (CP) Latest fig- ures on automobile accidents and the cost of repairs indicate Canadians may be in for an- other increase in auto insurance rates. A preliminary analysis of sta- tistics compiled by the industry shows that the average cost pel- claim during 1970 remained vir- tually unchanged from 1969, but stockpiling that was begun last year at the prompting of the provincial Social Credit gov- e-rnment. The sulphur producers said they have been caught in a squeeze between federal and provincial rule-making. "We wore advised to stock- pile sulphur on a voluntary ba- there was a vieled threat that if we didn't comply, ilhe necessary legislation would implemented. "When you get involved in stockpiling, the federal authori- ties accuse us of restraining trade." Producers have recently been storing about 50 per cent of production during a price slump on world markets. Bill Dickie, mines and min- erals minister, said the Pro- gressive Conservative govern- ment of Alberta will soon out- line a sulphur policy. Officials of the combines in- New York stocks (Supplied By Richardson Securities of Canada) T and T Ansci LOCAL CHARTERED ACCOUNTANTS FIRM REQ'JIRfe AUDIT AND ACCOUNTING PERSONNEL Senior molriculation desirable, but nol essential. Successful applicants musl be interested in further study and may enrol in the following courses of in- struction- fa) Certified General Accountant (five years) (b) Registered Industrial Accountant (five years) (c) Audit Technician (Ihrce years) Apply in writing staling qualifications, experience, etc. lo Box 53, Herald Eg" prices EDMONTON (CP) Egg and poultry report as issued by the federal department of agri- eiiltiirc: To producers: A largo 42; A medium 38; A small 18; B 22; C and cracks 6. To retailers: A large 54; A medium 50; A small 30 32; I) C and craeks 32. To consumers (in A large 59 -61; A medium 55- 56; A small 35-38. No. 1 live fowl tinder Turkeys: under 12, 24; 12-18, 25; over 18, 21'.i. No. 2 live Tur- keys: under 12 18, 22; over 18 lil'i. PAY CltlMI! VICTIMS (AI'l The Rritish government paid more than the equivalent of S4.ll million to vic- tims of violent, crime in 1N70, in- eluding a record to a man in hospital for life. In Ihe seven years since il was set up lo aid victims of criminal viol- ence, it has paid out. more than million to applicants. HAY THERE SAO PAULO, Brazil (AP) Guests at the first International Hay Festival, sponsored by tne Datti Gastronomical Society of Sao Paulo, pledged to eat nearly a ton of hay. The society presi- dent said it has a high protein content and Jew calories. NUDE AD NEW YORK (AP) Fashion designer Yves St. Laurent has posed nude for an advertise- ment for his new men's cologne. The ad shows a heavily shad- owed photograph of the designer seated with a halo of light be- hind his head. Below the photo is a caption and a picture of the cologne. The ad is appearing in the current issue of French Vogue and will run this week in oilier French publications. His business agent here says he doubts the ad will appear in North America. PROTEST GERMAN WEEK JERUSALEM (Renter) Students at the Hebrew Univer- sity of J e r u s a 1 e m Tuesday staged a protest demonstration against German Culture Week, now being held in Israel. The students held a prayer meeting for Nazi victims, hut dispersed without incident after listening to speeches. OPENING SLATED PARIS (CP) Leo Cadicux, Canada's ambassador to France, will open the lfl7t-T2 session of the International Dip- lomatic Academy next Wednes- day witb a speech entitled The Development of Canadian For- eign Policy in Europe. LAY OFF OFFICERS HAMBURG (AP) Unpag- Lloyd AR, West Germany's larg- est shipping company, plans to lay off about CO captains and navigators ir, the next few days, a company spokesman said Thursday. An accelerated re- duction in the Ilapaq-l.loyd fleet caused UK personnel action, the spokesman said. llapeg-Lloyd already hns sold 30 ships this year, including its ship, Ihe luxury liner Bremen. Sales of ships have reduced (lie llapag- Lloyd fleet fo 85 ships. id.. _... Steel Chrysler Comsat Dupont GM Gi.'lf Int Harvests Kenn Coppe. Montgomery ward 26'50 At 111 S" Of 23.75 Tex.! Gulf 25.S2'-i Texas Co 50.12VJ Wlckes Corp JO Gold! 1JJ.28 oft I.U 10 Met 70.08 off .10 15 W Oils 192.54 off 1.10 3 Volume YORK AVERAGES the accident frequency rate in- creased to 9.2 from 8 vehicles. Insurance companies use these figures as a basis for computing new rates, usually are effective early ui the new year. Norman Manning, president of the Canadian Underwriters Association, says the prcir.ium increases for 1972 probably will be "more moderate" than those imposed in 1971. In 1971 the rate was increased about 12.5 per cent following an increase of 11.8 per cent in 1970. Dividends By THE CANADIAN PRESS Acklands Ltd., six per cent first pfd. covers fourth quarter 1971, and first three quarters in arrears Nov. 30, record Nov. 17. Laiirenlide Financial Corp Ltd., S1.25 pfd Sl'.i cents Dec. 1. ecord Nov. 17. vestigation branch would not j confirm whether any legal ac- per lion had been startea but said preliminary investigations pre- cede most cases. TORONTO AVERAGES 20 Indust 160.91 off .55 65 Stocks 283.36 off 1.99 Volume Rot signals great idne ELTVILLE (AP) A mys- terious rot has reappeared on the grapes of Rhine River vineyards and the West Ger- man growers are delighted. To them, the fungus signals great w'ine. "The 1971 grape crop is a relatively small vintage of very high said Hans Am'bros'i. director of Rheinfffu Vineyards owned by the state of Hesse, West Germany's largest wine producer. "For the first time since 1953 we have the 'noble rot1 in quantity." Ambrosi plucked a bunch of grapes from a vat destined for the wine press. Many of the berries were a ripe yel- low. Others seemed to have melted into a purplish mass, like dozens of wizened raisins crushed into a ball. "That is noble rot." he said. DECAYS SKINS It is a dust-like t.rytis decays the skins of grapes that reach a stage of over-ripeness on the vino. The phenomenon, every five to 10 years "con- centrates the grape sugar from which we produce wines of the highest quality." Other Rhine wine vintners concur. 'We had a warm, humid autumn to promote growth of the noble Ambrosi says. "The sugar content of the grapes has reached record high levels without loss of acidity in the berries. Thus the w'ines will be in balance and harmonious." The importance of summer sunlight cannot be overem- phasized in a wine district as northerly as Winnipeg. This year 'the May-to-Octobcr growing season had 1.291 hours of sunlight, the seventh highest count of the century, Ambrosi says. Royal Trust cuts rate MONTREAL (CP) Royal Trust announced here it is re- ducing by one-quarter per cent to 9'4 per cent the mortgage interest rate for all houses, du- plexes, and National Housing Act multiple dwellings. Other mortage rates were be- ing cut by one-quarter per cent to 91! per cent, all reductions to become effective immediate- The company said the reduc- tion in the mortgage rate was in keeping with the continuing lowering trend in interest rates generally. earns good, safe interest in a Lombard North Central Deposit Account Hog prices EDMONTON (CP) Prices to 11 provided by the Al- boria Hcg" Producers Marketing Board: Edmonton: average Thursday, M.GO. Rod Doer; No sales, av- crapo Thursday, M.M. Cnlpa r y: 24.45, average Thursday, 24.86 Lcthbridge: No sales, aver- age Thursday 24.47. 'Lloyd minster: No sales, averaqo Thursday, 23.37. Total sold 203, total hogs Thursday Average Sows average 13.40. PRINCIPAL WANTED THE EDMONTON CATHOLIC SCHOOL DISTRICT rd J 1972'. mam Gra hnvo leade Invites anplicolfons for the PrincipaMiip of the propos- H Picard High School lo ho opened jn September, This school will offrr o bilinqual (EnglWvFrencM pro- to approximately six hundred studi-nti enrolled .n VII To XII incMivr. The applicant or qualify for an Alberta Corl.f.cnie and ihn n.crssn.y ndminiMralivo rship qualities for a of this typo. To opply. write to; H M MACDONALD, Staffing Officer Edmonton Catholic School District 9807 106 Slrnet ,EDMONTON 14, Alberta _ A Bank Deposit Account with Lombard North Centra! provides a good rate of interest, with complete safety for your capital leading lo financial peace of mind Deposits ot 6 months' notice of withdrawal can earn interest per annum, but you can withdraw up to on demand J during each calendar .7 year. Interest is paid half-yoarlywithout deduction of U.K. tax. TIME DEPOSIT ACCOUNTS: Deposits of and over can earn higher rates of interest for periods. Details are available on request, Opening an Account is j simplicity itself, so WHIG now to the General Mnnr.ner for I further details and n copy of Deposit Account Booklet I NO.A0516. On October in Lciuinn by spears! Act of Parlia- rrent the business of ceiisin companiei in the Lombard Benkinr] and North Centra! Ftnancs Groups (alt wholly owned suhsidiaiies of National West- minster Bank Limited) was transferred to Lnrnbord Banking Limstnd, which as fin enlarged and FUcnstliened com- pany then changed its name to Lombard North Central Limited. No jirtion is required by any axisung Depositors of Customers whoss [idh'is fire preserved ir.tact find completely protected. Lombard North Central LIMITED LondonW1A1EU. (Mv Oflir.o .11 Lombard St., London EC3. Lombard NnrlhCcimnlUmltniflsi nirnhcroMhn National WMIminsur ;