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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 14, 1972, Lethbridge, Alberta Tueidqy, November 14, 1972 THE IETHBRIDGE HERAID _ 17 Market prices continue gain TORONTO (CP) Prices on the Toronto stock market posted moderate advances .in active mid-morning trading to- day. The industrial index, consid- ered a major indicator of mar- ket trend, was up .35 to 209.15, golds .14 to 178.60 and western oils .41 to 258.74. Base metals were down .43 to 83.55. Volume by 11 a.m. was 000 shares compared with 000 traded by the same time Monday. Beverage, general manufac- turing, merchandising and trust and loan stocks were among sectors of the market with a majority of gains while chem- ical, oil refining, steel and real estate issues were off slightly. Advances held a slim lead over declines, 112 to 104, while 176 issues remained unchanged. National Sea Products A rose to Harding Carpets to Bell Canada to Fraser Companies 'A to Foodex to and Com- putel to Greyhound Computer slipped 10 cents to NWL Finan- cial 15 cents to Imperial 011 Vt to Gulf Oil Vu to S36% and BP Canada Vi to Noble Mines increased 24 cents to Gibraltar 10 cents to and Willroy 10 cents to Sherritt Gordon dropped VB to and Iso Mines 20 cents to MONTREAL (CP) Ad- vances outnumbered declines in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with at the same time Monday. Banks rose .76 to 274.54, utili- ties .34 to 156.52 and the com- posite .07 to 219.28 while papers fell .21 to 93.12 and industrials .10 to 228.28. On the Montreal Stock Ex- change, Grafton Group rose to National Sea Products 1% to and John Labatt to while Dominion Glass dropped 1 to On the Canadian Stock Ex- change, Fallinger rose 15 cents to on shares traded. NEW YORK (AP) The stock market gulped down a large supply of shares offered by sellers today and continued to rise towards the elusive bait of closing above points on the Dow Jones industrial aver- age. The noon Dow average ot 30 industrial stocks was up 1.88 to its record closing level of 997.07 Monday, and within a nudge of the mark. The Dow has exceeded six times in intraday trad- ing but never has closed above that level. Among Canadians, Inter- national Nickel was up to and Walker Gooderham advanced to Mclntyre Porcupine declined to and Distillers Seagrams was off Vt to On the American Stock Ex- change, Scurry Rainbow Oil ad- vanced Vi to Brascan Ltd. was up Vi at and Ca- nadian Javelin declined Vs to Livestock report Lethbridge Livestock There were cattle sales Mon- day due to the weekly sale of weaner and feeder hogs. Sales 475 hogs. All classes of weaner and feeder hogs met good de- mand. Weaners sold ?1 to higher while heavier hogs re- mained steady. Weaners to 22.75 per head; light feeders under 100 Ibs. 21 to 21.75 per head; heavy feeders 100 to 130 Ibs. 30.25 to 33.75; heavy feed- ers over 130 Ibs. 33.75 to 40.75 per head. Light feeders under 100 Ibs. sold from 35 to 50 per cwt; heavy feeders over 100 Ibs sold from 27 to 30 per cwt. Boars sold from 69 to 95 per head. Butcher hogs sold Mon- day at the Letlibridge yards 36.90 base price. Calgary livestock CALGARY (CP) Receipts to 11 a.m. on the Calgary live- stock market were head, mainly slaughter cattle with the bulk being steers. Trade was active. Heifers sold steady, with no top classes offered. Cows and bulls sold fully steady. Choice steers 35.25 to 36.30, good 34 to 35, medium 31.50 to 33.50. Low choice heifers 33 to 33.70, good 32 to 33, medium 30 to 31.50. Good cows 23.50 to 24.30, medium 21.50 to 23.25, cannors and cutters 17 to 21. Good bulls 26 to 28. There were insufficient re- placements sold early to estab- lish quotations. Hogs average base price 36.15. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today unchanged at 19-32. Pound sterling up at NEW YORK (CP) Cana- dian dollar in terms of U.S. funds at noon up 3-64 at 33-64. Pound sterling up 1-64 at 3-64. Toronto mines, industrials BT Richirison Secnrllles of Canada) LAST BID OR SALE .W 1.43 .SO 3.31) 13.25 t.30 1.07 (11 IN a.m. Quottt) MINiS Acmt Advowtt Asb Akaltcho Bra Broultn Bethlehem Brunswick Can. N.W. Und Canada Tung. Casslir Central Pat. Chlmo Conwtst Cons. Rambler Coin Lake Cochenour Craig mont Dlckenson Minn .Dvnhon Mines Deer Horn D'Eldona Dome Mines Donaida Discovery Mines East Malarllc East Sullivan Falconbrldgft Frobex First Maritlmea Giant Y.K. Granduc Headway R.L. Hoi linger ii.uu Hudson Bay M-S 15.00 Hydra Ex. Iron Bay ISO .'nliet Quebec Kerr Addlson Key Ana con Labrador Lake Snore Langls Silver Madsen R.L. Malartic G.F. Martin McNwty Maclntyre Meta Mldrlm Mogul Nu West Homes New Athona New Calumet W. Horse Copper Noranda i.m. annul til 100 a.m. Quota) Norlhfliti Nwlex Osisko Pine Point Placer Dev. .26V4P.C. Exp 15.50 Quebec Man 3.15 Rayrock 2.00 Radlore Rio Algom Roman Corp. SherrlU Gordon Sliver Miller Sleep Rock Tek Corp. Texmont Upper Canada Western Mines 9.05 .10 .42 5.85 7.35 37.50 .47 el .50 .35 .69 2.10 MS W.5I .35 .56 3.05 3.00 4.50 .24 .52 28.M 37.50 2.89 .OS 1.05 .28 19.00. 6.25 12.25 .04 1.70 Wrlnnt Hargreaves .90 Wlllroy 1.25 Windfall -10 Yellowknlle 3.60 Dom Stores Dome Pete Dot a seo Cable Ford ot Am Grt Cd Oil Gen Motors Grt Lakes Ppr Gulf Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker Imp OH Imssca Int Nickel Int Pipe Inv Grp A Int Ullt Ind Accept Kaps Laurenllde Zenmac INDUSTRIALS Ablllbl Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Val ind CAE Ind Cdn Brew chemcell Col Cell 39-75 Calgary Power 2.60 coron Credit 3.55 4.25 .22 S.M Loeb A Loblaw A 5075 Wet Stores 15 37iA Massey Ferg 11 nn McMillan fllot vS? Molsons A Molsons B 44 North Cwit Corp w i9iA Rothmans Shell CDA Simpson's Traders Grp A Trans Mtn Pipe Trans Cda Pp Union Gas ,c 27.75 1.65 .57 .74 .09 41.00 .10 .10 i_oiun i.uJ n., C.W.N. Gas P.d Westeel 10.50 36.75 Cdn Ind Cdn Marconi Cdn Vlckers Chrysler C.P.R. Cornlnco 11.I7VS conh Bnth 9.00 .12 .W 2.30 39.00 Cons Gas Disf Seagrams Dom Bridge Domtar Dom Texllle Id.75 25.75 16.00 37.12Vs Car Weston's B Woodward's A West Cdn Seed Zenith HIT BANKS Cdn Im Montreal Neva Scotia 14.12'A 40.00 28.37V1 18.75 73.00 8.25 S9.00 16.25 38.75 22.25 3.70 30.50 49.75 27.75 29.00 10.75 22.87'A 50.MVJ 10.87'A 12.75 7.75 6.00 20.75 23.50 30.00 28.75 11.87 12.75 18.00 53.87% 29.12VJ 41.00 12.75 54.50 2I.2S 22.6J.Vl 46.75 12.25 17.25 6.00 21.25 15.00 20.25 27.75 6.75 3.10 29.00 39.37W 36.12V1 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE 32.00 8.30 2.24 6.50 19.00 1J.50 a.m. Quotes) WESTERN OILS AI mint... Alta East Gas 7.5 Asamera Ashland BP Canada Can South Cdn Ex Gas Cdn Homestd Cdn Gas Oil Cdn Super Cdn Long Is Charter Chleftan Dome Pett Gt Plains Gt Cdn Oil Lochiel North Cdn Oil Numac Pencdn Pan Ocean Petrol Pinnacle place Gas Ponder Ranger Scurry Rain Spoontr Seibens Total Pete Ulster W. Decalta West Pete MISCELLANEOUS INDUSTRIES Aqulfaina 25.50 Brinco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnest Ind Cyqnus B Falcon Copper Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay Ptd Hugh Russell a.m. Quotes) Husky OH 17.00 _... Husky Oil B 43.00 7.55 Husky Oil War 4.80 13.87'A Inter Prov Pipe 12.12V Inter Prov SteeJ 15.00 17.50 Kaiser Res 2-20 7.95 Loblaw Pfd 32.00 3.B5 MGF Maner- 2.30 10.A2W Pacific Pele 43.00 Rainier 6.37V 53.62'A Sandwell .37 Teledyne 4.05 West Cdn Seed While Yukon 40.00 West field Weston Pfd CALGARY Acroll Barons Oil North Cont .ui West Warner .2! PIPE LINE STOCKS a.m. Quotes) Growth Equity 8.52 9.35 Gr F Inves Mutual Nat Res N.W. Cdn N.W. Growth Principal Gr 4.00 11-75 1.16 62.50 13.51 5.65 6.41 6.14 4.70 5.17 7.47 8.16 5.3B 5.91 5.98 4.91 5.19 6.92 7.21 8.13 8.B? 5.63 1.30 .35 .85 .49 27.00 Alia Gas A Alta Gas Pref Alta Nat Gas Inland Nat Gas N and C Gas 17.62VJ N and C B Pfd .73 Pacific Trans 13.00 Gaz Metro Gaz Metro A United Accum Universal Svgs 8.03 8.82 Vanguard 8.84 VANCOUVER MINES Afton 7.90 ot Atlas Exptor .41 Bathurst Morse .69 Brenda 3.60 Churchiil Copper -51 Croydcn -06 Davenport .37 Oankoe .60 Dolly varden .20 Dynasty 8.15 Equltorlal 8.B5 1.12 6.25 10.50 15.50 71.00 20.00 11.75 Fort.......... 26.00 Giant Mascot Lyttoci Minerals .34Vl 5.60 6.00 6.50 1.85 .08 .26 Trans Cda Plot J7.J5 Trans Cds B Pyramid Trans Cdn A 80.00 silver Standard Trans Cda War Texmmt we Trans 23.37V4 valley Copper WC Trans Wrs 5.05 INDUSTRIAL MUTUAL FUNDS Block Bros. Alt Cdn Cmpd 8.40 9.18 B.C. Sugar All Cdn Divi 10.04 B.C. Sugar Pfd Al Cdn Ven 4.29 4.69 Capf Inler Amrcn Gr Fd 4.53 7.16 Columbia Brew A G F Special 3.44 crstbrk For Ind Cdn Inves Fd J.19 5.60 Hys 15-87Vi cmwlth Inter 14.96 16.44 Key Indus Cmwltn Lev 4.13 J-.54 Pacific West Air C.J5 38.00 Cmwlth Ven 8.13 8.93Stmpd Inte'l Res .67 17.25 Corp Inves 6.14 6.71 OILS 49.1TO Corp Inves S F 5.76 Albany Oil .84 58.50 Dreyfus F U.S. 13." 14.40 Plains Pete Jl 47.25 Grpd Inc S 4.J! 4.71 West Explor .04 5.75 21.00 35.00 22.50 25.50 7.00 11.50 .30 7.50 2.60 20.00 15.00 3.75 3.25 3.30 3.30 New York stocks Amr T t T Anaconda Beth Steel Chrysler Comsaf Dupont General Motors Gulf Int Harvester r (Supplied By Richardson Securities of Canadi) 117-25 20 Golds ITB-U off .02 118.00 10 Mtls 83.76 off .22 37.62'A 15 West Oils 258.83 Up 26.B7W Volume NEW YORK AVIRA6ES 51.12W Sears 19.37'A Texas Gulf 29.12'A Texas Co 37.mi wix Corp 63.37'A Woolworth 176.37WI Westlnghouse Elec 43.00 30 Indust 99B.V5 up 1.88 31.37'A 20 Rails 224.35 OH 79.75 22.75 U.S. Gen Tel Elec 29JO TORONTO AVERAGES MontgomeryWard 20 Induat 209.43 up .63 15 Utilities 120.43 up 65 Stocks .11-1.57 up .34 Volume Buy rapeseed from Cauada READING DYNAMICS GUARANTEES to enable you to read 3 to 5 times as much as you new can and increase your com- prehension. REGISTRATION Be Held On Wed., Nov. 15th At 7 p.m. at The HOLIDAY INN This will be the only times this famous courio will held (hit year. (QUESTIONS Will BE ANSWERED) NEW DELHI (Reuter) In- dian Finance Minister Yash- wantrao Chavan said yesterday that substantial imports of ei- ther oilseeds or edible oils or both were planned because of "considerable unce about the current oilseeds crop. Chavan said In a statement to Parliament that metric tons of rapeseed were to be im- ported from Canada. The first consignment had already ar- rived and others were on the way. I I AUTOMOTIVE CREDIT EXPERIENCED SALES FINANCE PERSONNEL CONSIDER A CAREER WITH Ford Motor Credit Company OF CANADA, LTD. Most employees who have joined us In our brief history i.ave benefited from our growth by corre- sponding advancement in their own positions and Income. They will continue to enjoy this and you can, too. Check These Advantages: Young-growing company. Choict cirttr positions Immediately ivalliblu. Unlqufj advancement opportunities. Employment with a leader In the Indujlry. Excellent ealaty and fringe benefit programs. Excellent assignments are now available lor Indi- viduals with 2-5 years credit experience with an automotive sales finance company. After an Initial orientation period, the successful applicant will be placed In a position commensurate with his background and experience; personal enthusiasm and a desire to advance are musts. Fleat tend resume outlining ixperlcnct ind salary history to: IKtffm Ford Motor Credit Company OF CANADA, LTD. The Canadian Rd., Oakvllln. Ontario, Canada I I I I I I I I Govt. policy needed Business discrimination claimed WATERLOO, Ont. (CP) A Laval University professor said Monday French-speaking per- sons are discriminated against in English-or United States-con- trolled businesses la Montreal. Dr. Pierre Fortin, a professor of economics, told the Policy Formation: Canada conference that he did not want "to start a fight but I don't think we can ignore the facts." He suggested that the confer- ence might recommend some government policy to overcome the problem although he con- ceded that an immediate solu- tion is unlikely. Prof. asked to sub- stantiate his statements with facts, said "Discrimination is a fact." Herbert Byleveld, director of corporate development for the Provincial Bank of Canada in Montreal, said one cause of ap- parent discrimination may be that many French Canadians do not want to move too far away from Quebec and this may cost (hem valuable experience and chuices for promotion. Another speaker said a French-speaking person would have problems trying to make a good impression when forced to work in his second language. Dr. Robert Mundell, chair- man of the conference and of the economics department at the University of Waterloo, sug- gested that perhaps Canada must work out the economics for a dual economy but the idea was not pursued. Prof. Fortin later rallied to Prof. Mundell's support in back- ing a theme the professor had been mentioning since the four- day conference, a discussion of industrial strategy, began Sat- urday. Grain price review Winnipeg Grain WINNPEG (CP) All com- modities were stronger and ex- tremely active at mid-session on the Winnipeg Commodity Exchange today. Bapeseed priws were much as six cents higher in strong exporter buying, reflect- ing partly a higher soybean market in Chicago. Flax prices advanced more than eight cents in mixed trading while oats and barley made slight gains on do- mestic shipper Interest, Rye prices were up slightly on commission house business. Volume of trade Friday was b u c h e 1 s of flax, of rapeseed Mid of rye. Mid-session prices: Flax: Nov. 5% higher 3.59B; Dec. 6% higher May 6% higher July 8% higher 3.4mA. Rapeseed Vancouver: Nov. SVi higher 2.93V4A; Jan. 5% higher 2.88M; March 5% high- er June 6 higher Rapeseed Thunder Bay: Nov. 3'A higher Dec. 3 high- May 3% higher July 4% higher Oats: Dec. higher May 1% higher July higher Barley: Dec. 1 higher 1.25V4B; May iy4 higher July higher 1.29B. Rye: Dec. higher 1.22; May 1% higher 1.28y8; July not open. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 36.35, average Monday 36.51. Red Deer: 36.25, average Monday 36.37. Calgary: 36.15, average Monday 36.58. Lethbridge: No sales, aver- age Monday 36.75. Lloydminster: No sales, av- erage Monday 36.50. Fort Macleod: Ko safes, av- erage Monday 37.15. Grande Prairie: No sales, average Monday 36.69. Total hog sales Monday average 36.53. Sows average 26.10. Prof. Fortin said the confer- ence should consider endorsing what he termed the Mundell God's sakes, cut taxes in the indirect sector to stimulate employment and the economy and reduce in- flation, at least in the short run." Combining this idea, which was also suggested by Waterloo economics professor J. H. Hot- son, with a less expansionary monetary policy could reduce inflation, Prof. Fortin said. Prof. Hotson earlier had urged abolition of the sales tax at the manufacturer's level, which he said would not only reduce prices and thus reduce inflation, but also stimulate con- sumption and employment. Firms asked to submit bids on Samson project OTTAWA (CP) Canadian companies have been asked to submit bids connected with the planned defence department computerized communications system Samson. A letter was sent to about 60 Canadian-owned or-based companies Nov. 8 laying out the requirements for the com- putr switching elements. However, a d e p a r tment spokesman Monday said it is not known if there are any Can- dian companies capable of supplying components to meet the specifications. The system was originally conceived in 1965, when a con- sulting team from CN-CP tele- communications was brought in to plan a new communica- tions system for the Canadian Armed Forces. In 1969, the studies were com- plete and the Samson project ready for implementation. Now, the department has hanged its requirements, and opted for a less sophisticated system. HAS OWN IDEAS The spokesman said the de- partment has a certain system in mind, but the companies are being asked to submit their ov-n ideas and systems. The letter said the depart- ment is prepared to undertake studies of Canadian compon- ents if they meet the require- ments. He vould not say if the de- partment had a specific com- pany in nJnd when it laid out the new requirements but he did say, "There is a system available, and we are interest- ed." He said the letter was sent out mainly to inform the com- panies that the department now plans to acquire "A proven, less sophisticated but he did not know ii there are Canadian companies capable of meeting the new standards. SHERIFFS SALE By virtue of a seizure made by me I am offering for sale in accordance with ths previsions of the Seizures Act: One 1969 Fargo half-ton Truck, Serial No. D1B-2J-27702 One 1967 CMC half-Ion Truck, Serial No. C9S1471102720 Trucks may be impeded at Enerson's of Leth- bridge, 9th Street and 2nd Avenue North, Lethbridge. Bids must be submitted in an envelope marked "D 5137" and addressed to The Sheriff, Court House, Lethbridge, before p.m., November 20, 1972. A. A. GILCHRIST, Sheriff. Our Building Industry Consulting Service helps architects, engineers and developers to control the communications explosion, The communications explosion occurs when a building can no longer keep pace with its tenants' growth. When new or expanding communications systems outstrip a building's ability to accommodate the necessary wiring and equipment needs. That's when problems begin. Serious problems, for everyone concerned. You can prevent them now, before your next building gets underway. Just by planning ahead. And our people will help you. Plan now for the complex communications facilities which make a modern building an efficient place to work or live. If these plans are made before the blueprints are finished, no one will have to make expensive alterations later. Or add unsightly wiring. Or worse, be forced to do without badly- needed communications systems. The symptoms of the communications explosion. For help in planning ahead, call AGT's Building Industry Consulting Service. They'll help you plan ahead so that a communications explosion doesnt catch you off guard. And their time and services are free. Call collect: in Edmonton 425-4901; In Calgary 261-3311. BUILDING INDUSTRY CONSULTING SERVICE ALBERTA GOVERNMENT TELEPHONES ;