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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 14, 1972, Lethbridge, Alberta 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 wore off slightly. Advances held a slim lead over declines, 112 to 10-1, while 176 Issues remained unchanged. National Sea Products A rose to Harding Carpets V4 to ?23, Bell Canada Vz to Fraser Companies 'A to ?16, Foodex to and Coro- puiel to Greyhound Computer slipped 10 cents to NWL Finan- cial 15 cents to ?2.80, Impedal 011 Vt to Gulf Oil Vs to and BP Canada Vt lo Noble Mines cents to increased Gibraltar cents to SO 10 and Willroy 10 cents to Shcrritt Gordon dropped 1-b to and Mines 20 cents to 54.40. Iso MONTREAL (CP) Ad- vances outnumbered declines in light trading on the Montreal stock market today. Combined volume on the Mon- treat and Canadian stock ex changes at 11 a.m. was shares, compared with at the same time Monday. Banks rose .76 to 274.54, utlli ties .34 to 156.52 and the com posite .07 to 219.28 while papers fell .21 to 93.12 ami industrials .10 to 228.28. On the Montreal Slock Ex change, Grafton Group rose 214 to National Sea Products 114 to and John Labalt 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 offeree by sellers today and continuec to rise towards the elusive bail of closing above points on the Dow Jones industrial aver- age. The noon Dow average of 30 industrial stocks was up 1.88 to its record closing level of 997.07 Monday, and within a nudge of the l.OOC mark. The Dow has exceeded ,000 six times in intraday trad- ing but never has closed above that level. Among Canadians, Inter- national Nickel was up YB to and advanced Walker Gooderham to Mclntyre Porcupine declined to and Distillers Seagrams was off Vt to On the American Stock Ex- change, Scurry Rainbow Oil ad- vanced 'ft lo Brascan Ltd. was up VB at and Ca- nadian Javelin declined Vt 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. Weancrs sold 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 lo 130 Ibs. 30.25 lo 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 Lellibridge 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, canncrs and cutlers 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 NEW YORK (CP) Cana- dian dollar in terms of U.S. funds at noon up 3-64 at 33-64. Pound sterling up 1-61 at 3-64. Toronto mines, industrials By Richardson Secnrllles of Canida) LAST BID OR SALE 111 IH quern) MINI! AcrM .It Advocate Asb 1.43 Akaltcho Broulin Btthlehem Brunswick Can- N.W. Land Canada Tung. Caular Central Pal. Chi mo Con wait Cons. Rambler coin Lake Cocnenour Cralgmont DIcKanson Minn Dvnlson Mines Deer Horn D'Eldona Dome Mines Donalds Discovery Mines East Malarllc East Sullivan FalconDrldoa Frobex First Maritime! Giant Y.K. Granduc Headway R.L. Holllnger Hudson Bav M-S 19.00 Hydra Ex. Iron Boy ISO .'nllel Quebec Kerr Addlion Key Anfleon Labrador LaKe Shore Langls silver Madsen R.L. Malarllc 6.F. Martin McNeely Maclntyra Mela Mldrlm Mogul Nu West Homes a.m. Quotes) illioo a.m. 3.15 1.00 i.a 1.30 1.D2 5.40 3.05 .10 .11 5.15 7.35 27.SO .04 .47 41.50 .35 .a 2.10 7.15 .35 .54 .05 .57 .76 .09 41.00 .10 .10 4.50 .14 .11 lisa 37.50 2.69 .oa 1.05 VIM. 6.25 12.25 .04 1.70 .'I 2.70 2.JO New Alhona New Calumet W. Horse Copper Norlhtjalt Norleji oslsko Pine Point 3.90 Placer Dev. .ItVi P.C. Exp Quebec Min Rayrock Rldlore Rio Alflom Roman Corp. Sherrlll Gordon sliver Miller Sleep Rock Tek Corp. Texmont Upper Canada Western Mines WrloM Ha rgreaves .90 Willroy 1.35 Windfall 10 Yellowknlle Bear 3. 60 Zenmac -OH INDUSTRIALS Ablllbl Alcan Algomo Steel AICD Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Val tnd CAE tnd Cdn Brew chemcell col Cell Calgary Power Coron Credit C.W.N. Gas Pld Cdn Ind Cdn Marconi Cdn VlcKers Chrysler C.P.R. Comlnco 11.I7W conh Bain Cons Gas -13 Dlsl Seagrams Dom Brldoe Domla' Dom stores Dome Pele Dolasco Cable Ford of Am Grl Cd Oil Gen AAolors Grt Lakes Ppr Gulf Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker Imp Oil Imesca Inl Nickel Int Pipe Inv Grp A Int Ulll Ind Accepl Kaps Laurentlde a Loblaw A 207S Mel Stores 12 3714 Mass" Fer5 il McMillan Blot 575 Molsons A 1171; Molsons B U37Vi Norlh CKlt Corp 57 12'A Roinmans 19.75 Shell CDA Simpson's 20 no s1mP Sears 38 37'A stee' of cdB r'rn TeXBCO Traders Grp A Trans Mln Pipe Trans Cda Pp Union Gas Union Oil Versatile Mfg ll-ilrn Car Weslon's B Woodward's A Cdn seed Zenllll BANKS Cdn Im Monlroal Neva Scotia 3 55 73 39.00 Dom Texllle 16.00 4.70 10.50 36.75 14.75 35.75 U.OO 17.3714 37.12VJ 30.50 16.75 1.75 Royal 14.12 40.00 28.37 18.75 73.00 8.25 19.00 16.25 38.75 3.70 30.50 49.75 27.75 30.17 21.00 10.75 22.B7 20.62 10.87 12.75 7.75 3.10 6.00 20.75 17.37 23.50 30.00 2i.75 II. 87 12.75 18.00 53.17 29.12 41.00 32.12 IJ-75 54.50 21.25 22.62 46.75 12.25 17.25 6.00 J1.2S 15.00 20.25 27.75 4.75 3.10 29.00 39.371 36.12' Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE rm. Quotes) WESTERN OILS A I mint.. Alia East Gas Asamera Ashland BP Canada Can SouJh Cdn Ex Gas Cdn Homestd Cdn Gas Oil B.m. Quotes] a.m. QuotM) Husky Oil 17.00 Growth Equity 1.52 9.3 4.10 Husky Oil B 43.00 Inves Gr F 12.35 13.5 7.55 Husky Oil war 4.BO Inves mutual 13.B7W Inter Prov Pipe 1J.12V1 Mutual AccuJ Inler Prov Sleel 15.00 Kaiser Res 2.20 32.00 2.30 43.00 7.12 W 11.75 62.50 Loblaw Pld 3.B5 MGF ManEf- Pacific Pele 1U.87W Rainier Cdn Super Sandwell .37 Teledyne 4.05 West Cdn Seed While Yukon 40.00 Westfleld 32.00 Weslon Pld 8.30 CALGARY 2.24 Acroll 6.50 Barons Oil 19.00 North Con! 14.50 West Warner -C6 PIPE LINE STOCKS 1.30 Alia Gas A 15.50 .35 Alia Gas Prer 71.00 Alia Nat Gas 20.00 Inland Nal GBS 11.75 27.00 N and C Gas 17.62Vi N and C B Ptd .73 Pacific Trans Gai Metro Gal Metro A 13.00 Cdn Long Is Charier Chleflan Dome G1 Plains Gt Cdn Oil Lochiel North Cdn Oil Numac Pancdn Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spoontr Seibens Total Ulsler West MISCELLANEOUS INDUSTRIES Agulfnlna 25.50 Brlnco Cdn Brew A Cdn Brew B Pacific Inv Crowsnest Ind Cyqnus B Falcon Copper Genslar Homa A Home B Hud Buy Co Hud Buy Oil Hud Boy Pfd Hugh Russell Mutual Gr F Nat Res N.W. Cdn N.W. Growth Principal Gr Royfund Templelon Gr United Accum Universal Svgs Vanguard VANCOUVER MINES Alton y Alias Explor 03V] Balhurst Morse Brenda ChurcWll Copper Crgyden Davenport Dankoe Dolly Varden Dynasly Equllorlal n Forl Reliance 5.B5 A.14 6.7 4.70 5.1 7.47 B.I J.3B 5.9 5.98 1 4 91 91 7.2 fl.13 5.63 6.1 0.03 B.B2 8.64 9.A9 1.12 6.25 10.50 5.75 78.00 35.00 22.50 35.50 7.00 11.50 12.50 5.00 61.50 MS .16 MV 5.63 6.00 1.85 .Ofl .26 7.M Gralsle Lornex Lyrton Mineral! Trans cda 47.25 Trans Cda B yt.Kfh Pyramid Trans Cda A BS.DO silver Standard Trans Cda War 13.621A Texmont WC Trans 23.37W Valley Copper WC Trans Wri 5.05 INDUSTRIAL MUTUAL FUNDS Block Bros. 3.60 All Cdn Cmpd B.40 9.1B B.C. Sugar 20.00 All Cdn Divl 9.1? 10.04 B.C. Sugar Pfd 15.00 At Cdn Ven 4.29 4.69 Capf Inler 3.75 Amrcn Gr Fd 6.52 7-16 Columbia Brew 3.25 A.G.F special 3.44 Crstbrk For Ind 3.30 Cdn Invcs Fd 5.19 5.60 Hys 3.30 15 Cmwllh Inter 14 96 16.44 Key Indus .53 4.13 4-.S4 Pacllic Wai Air C.25 38.00 Cmwllh Ven 8.13 8.73Stmpd Inle'l Res .67 17.25 Corp Inves 6.14 6.7] OIL! Corp Inves S F 5.27 5.76 Albany Oil .M 56.50 Dreylus F U.S. 13.14 14.40 Plains Pete Jl 47.2S Grpd Inc S 4.2B 4.71 West Explor .06 York stocks (Supplied By tUcfeirdson Securities of Cuiidi) Amr T fc T Anaconda Beth Steel Chrysler lomsel >upont General Motors 51.12U Sean Texas Gull Texas Co 37.12V] Wlx Corp 63-37'A Woolwortn 117.25 30 Golds 171.44 off .02 118.00 10 Base Mils 83.76 off .22 15 West Oils 250.83 up .X Volume 35.62V1 NEW YORK AVIRAOIS 176.37Vi Wesllngnouse Elec 43 00 30 Indust 998.95 up 1.B8 79.75 US. Steel 31.37W 20 Rails 224.35 off J9 Gen Tel Elec 29.50 15 Utilities ln.43 up .29 TORONTO AVERAGES 65 Slocks up .34 Montgomery Ward Indust 209.43 up .63 Volume jir nl Harvester :enn Copper 22.75 Buy rapeseed from Canada 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. of The HOLIDAY INN This will be the only limes thii famous course will be) held this year. (QUESTIONS Will BE ANSWERED) NEW DELHI (Reuter) In- dian Finance Ministw 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 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.dve 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: Younfl-growlng company. Chalet cirwr poillloni Immediately 81 Unlquu idHnctmenl opportunities. Employment nith I In Ihl Industry. II ExcMinl uliry ind blntfll programs. Excellent assignments are now available for Indi- viduals with 2-5 years credit experience with an automotive sales finance company. Aller an Initial orientation period, the successful applicant will be placed In a position commensurale with his background and experience; personal enthusiasm and a desire to advance are musts. tend resume outlining cxperltnct ind salary hlsloiy lo: Ford Motor Credit Company OF CANADA, LTD. Trie Cinadlan Rd., Oikvlllo. Ontario, Canada I I I I I I Tueldoy, November 14, 1972 THE LETHBRIDGE HERAID 17 Govt. policy needed Business discrimination claimed WATERLOO, Ont. (CP) A Laval University professor laid Monday French-speaking per- sons are discriminated against in English-or United States-coo- trolled businesses is 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 (uggeited 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. Fortlfl, 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 them valuable experience and chuices for promotion. Another speaker said 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- ted that perhaps Canada must work out the economics for a dual economy but the idea was not pursued. Prof. Fortin later rallied to Prof. MundeU'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. Rapeseed prices were as 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 n 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 bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: Nov. Wi higher 3.59B; Dec. 6% higher 3.37% A; May higher July 8% higher 3.4iy4A. Rapeseed Vancouver: Nov. Vi higher 2.9MA; Jan. 5% higher 2.68MB; March 5% high- er June 6 higher Rapeseed Thunder Bay: Nov. 'A higher 2.58V4B; Dec. 3 high- 2.58HB; May 3% higher July higher Oats: Dec. higher BBS; May 1% higiher 9254; July higher Barley: Dec. 1 higher 1.25V4B; May iy, higher July ft higher 1.29B. Rye: Dec. Vt Mgher 1.22; May 1% higher 1.28yB; July not open. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 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 sate, 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 wilb tlio 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 Iment 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 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. OWN IDEAS The spokesman said Hie de- partment has a certain system in mind, but the companies are hc-mg asked to submit their own ideas and systems. The letter said (be depart- ment is prepared to undertake studies of Canadian compon- ents they meet the require- ments. He vouid not say if the de- hart a specific com- 'pany in mind when it laid out the new requirrmenls but he did say, is a system available, and we are interest- ed." He said 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 if there are Canadian companies capable of meeting Ihe new standards. SHERSFPS SALE By virlue of a seizure made by me I om offering for sale in accordance the previsions cF Ihe 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 inspected at Enerson's oF Lein- bridge, 9lh Street and 2nd Avenue North, Lelhbridge. 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 AQT'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 ;