Lethbridge Herald, The (Newspaper) - November 16, 1972, Lethbridge, Alberta
lUMM A. I Toronto prices a little lower TORONTO (CP) Prices on the Toronto stock market were fractionally lower in moderate mid-morning trading today. The Industrial index, consid- ered a major indicator of mar- ket trend, was down .10 to 209.58, golds .87 to 177.16, base metals .25 to 83.14 and western oils .33 to 250.66. Volume by 11 a.m. was 000 shares compared with 1.21 million traded by the same time Wednesday. Beverage, pipeline, real es- tate and industrial mining stocks were among sectors o[ the market contributing to the decline while bank, oil refining, chemical and paper and forest issues were up slightly. Declines held a narrow mar- gin over advances, 112 to 92, while 1B8 issues remained un- changed. Slater Walker rose li to Vi, Harding Carpets to Imperial Oil to West- burne lo S1S14 and Alpa In- dustries lo Cominco slipped to Andres Wines H to Rank Organization Vi to Noranda V2 to Maclean-Hunter A 3i to and Capital Diver- sified four cents lo 65 cents. Consolidated Rambler dropped 20 cents to Giant Yellowknife 10 cents to and Roman Corp. five cents to Iso Mines increased 50 cents to and Copperfields 17 cents to 35. Ranger Oil was off to S26Vi and Scurry-Rainbow Vt to MONTREAL (CP) Prices remained generally unchanged 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 Beef futures WINNIPEG (CP) Live beef futures at close Wednes- day. Nov. 36.600; Jan. 36.90; March 37.00A. Tuesday's volume: Four con- tracts. shares, compared with at the same time Wednesday Banks rose .64 to 276.88 and the composite .05 to 219.9 while utilities dropped .06 to 156.55 and papers .02 to 93.83. Industri als were unchanged at 228.8. On the Montreal Stock Ex- change, Falconbridge Nickel dropped 114 to and Andres Wines to while Maislln rose to On the Canadian Stock Ex change, Dauphin Iron Mines aded two cents to eight cents on shares traded. NEW YORK (AP) The slock market turned mixed to- day afiBT being down in early trading. The Dow Jones average of 30 industrial stocks was up 0.60 to 939.02 at noon. But declining stocks outnumbered advancing ones 666 to 52fl on the New York Stock Exchange in fairly active trading. The NYSE index of com mon stocks was up .04 to 62.78, and the price-change index at the American Stock Exchange was off .02 to 26.05. Analysts said a number of in- vestors had been waiting to sell stock when the Dow passed the level, as it did Tuesday. But buyers with confidence in the underlying strength of the market and the economy moved in to scoop up the snares. Atlas Corp. ran into profit taking after a three-day gain based on a uranium and van- adium find in Wyoming and was down to Carter Wallace, which had dropped 2% Wednesday afler an appeals court held its patent on the tranquillizer meprobamate to be invalid, was halted in trading today. When it reopened it was up IVi to Dome Mines was up IVa at and Massey 14 at JISS. Mclnlyre Porcupine was off 2 to 543 and Alcan down Va to On the Amex, Scurrq Rain- bow Oil and Canadian Javelin was off Vi, at and WVi, respectively. BOOKKEEPER REQUIRED IMMEDIATELY A competent bookkeeper, oble to handle all ac- counts receivable, account! payable, etc., is required for local retail itore. Salary, fringe benefit: commensurate with experience. Reply in gwn writing, sL-pplying personal resume to: Box 84, Lethbridge Herald AH Information held In itrkleit confidence. SIMPSONS oears CORRECTION In our hat ad on page 50 of Wednesday's Herald the item "Warm Knits" should have read: Warm Knits in classic or youthful styles. Some have scarves, mitts to match. 3-w ,0 Toronto mines, industrials (Supplied fly Richardson Securities of Canada) LAST DID Oil SALE a.m. dueler a.m. Ouotei) a.m. Quotes) MINES Acme Advocate Asb, Akaltcno Bralorna Broulan Belhlfhem Brunswick Con. N.W. Lond Canada Tung. Cflsslar Central Pat. Chi.TIO Conwest Com. Coin Lake Cochenour Cralgmont Pickenson Mines Denlson Mines Deer Horn D'Eldona Dome Mines Do no (da Mines East Malar-lit East Sullivan Falconbridfle Frobex First Maritime! niant Y.K- Granduc Headway R.L. Hollinger Oslsko .20 Pine Point 1.40 Placer Dev, .52 P.C. Exp. 2.25 Quebec Man Rayrock 15.50 RQdlore 3.40 Rio AlBOm Roman Corp. S herd ft Gordon Silver Miller Sleep Rock Tek Corp. Texmont Upper Canada Weslern Mines Wright Hargreaves .70 Wlllroy 3-1 Windfall .09 Yellowknife Bear 345 Zenmac .00 INDUSTRIALS AWMW 9.75 Alcan 20.75 Algoma Sleel 17.25 Atco Ind 1U2! Atlanlic Sucar r Agra Ind Bell Tel Brazil Trac B.C. Tel 7.P5 17.25 1.30 1.01 5.50 3.35 II) .39 5.75 1.25 27.25 61.03 .26 .68 i.eo 2.11 52. C1 .33 .0.1 1.45 5.05 2.75 2.43 3.05 2.SO 41.25 Hudson Bay Wl-S 19.50 Hydra Ex. Iron Bay ISO Jollet Quebec Kerr Addison Key Anacon Labrador Lake Shore Madsen R.L. Malartlc G.F. Mar4 i McNeely Nu West Homes Mela Maclnlyre Mldrlm Mogul New Alhona New Calumel W- Horse Capper Noranda Norlhgate Norlex .18 3.55 B.C. Fores! B.C. Sugar Bow Vat ind CAE Ir.ti Cdn Brew Chemcell Col Cell Calgary Coron Credil Dolasco 27.75 Cable 37.12Va Grr cdn oil 2-75 Gen Molors .119 Grt Lakes Pp 1.02 Gulf Oil Cda Greyhound Hawker Sid ft.05 Hur Erie Hiram Walker Imp ON Imasca Inl Nickel Inl Pipe Inv Grp A Inl Utll Ind Accept Kaps Laurenllde Kelly Doug A Loeb Lotlaw A Met Stores Massey Per McMillan Bios Moore Corp Molsons A r" Molsons B Norlh B. Cent Power Corp Price Co 57.00 Rclhmans 19.25 SI. Law Corp Shell CDA 20.50 Simpson's 3B.OO Simp Sears 9.62Vt sieel ol Cda 5.25 3.35 91 23.00 1.65 A Texaco Traders Grp A Trans Mln Pp Trans Cda Pp C.W.N. Gas Pfd 11.12'A Union Gas Cdn Ind Cdn Marconi Cdn Vickers ChryMer .lOli C.P.R. 6.00 Cominco .10 cons Bath 1.50 Cons Gas Dlsl Seagrams .14 Dom Bridge Domtcr Dom Textile .fO Dom Stores .21 Dome Pele 9.25 ?.3 16.50 Union Oil 4.PO Versalile Mlg 11.00 Wesletl 2i.25 Union Car Weslon's B 25.37V7 Woodward's A 16.50 weri Cdn Seed Zenith Elec 37.50 21.00 17.50 Cdn Imp Man I re a I Nova Scotia Royal Tor-Dom BANKS 19.00 6.25 16.25 72.50 3.75 31.75 -19.75 31.25 27.50 23.00 20.871 lfl.37Vi 13.00 7.75 3.BS 51.00 IB.M 4B.25 20.00 29.00 11.50 13.00 11.B7W 17.75 19.75 53.50 2V.62V 41.00 32.00 12.75 22.0D 21.75 23 50 17.00 11.25 17.00 6.50 22-00 15.00 20.25 28.25 7.M 2.60 29.50 :.o.50 SS.iZV'z 37.00 33.25 Miscellaneous quotations Vancouver, Calgary, Montreal vSupplied by Doherly, McCuaig Limited) LAST HID OR SALE p.m. QUOTES) a.m. Quotes) Hugh Russell 47.50 Gr Equity 8.50 9.34 Husky O'l 17.37V2 Invesl Gr F 12.4D 13.59 Husky Oil B i.125 Invest MulUOl 5.B9 6. Husky Oil War 500 Mutual Ac 6.15 Inler Prov Pipe 11.50 Mutual Gr F .25 Inler Prov Sleel 15.00 Nal Res Kaiser Res 2.25 H W Cdn Loblaw P'd 3M214 N W.Gr 4] 75 Principal Gr a.m. Quotes) WESTERN OILS Alminex Alia East Gai Asamera Ashland Oil-Gas BP Cenndi Can South Cdn Ex Gas Cdn Homestd Cdn ind Gas Oil Cdn Super Cdn Long Is rinr1-r Chiellan Dorr? Pele Gt Plains Gt Cdn Oil Lochlel Norlh Cdn Oil Numac Pancdn Pele Pan Ocean Petrol Pinnacle Gas Ponder Ranger Scurry Rain .70 Pacific Pele Rainier Sandwell .37 Teledyne Wesl Cdn Seed While Yukon 35 Weslon Pfd CALGARY 32.00 e.25 2.29 6.50 19.00 14.35 1 30 3.55 4.10 6.75 11.75 62.00 roll Barons Oil .03 Norlh Conl .01 Wesl Warner PIPE LINE STOCKS Alia Gas A 15.50 Gas Pref Selbens Total Pete Ulster W. Decalla 6-30 West Pete 10.50 MISCELLANEOUS INDUSTRIES lonllaine 26.00 Brlnco 5.621 Cdn brew A Cdn Brew B Cdn Pacific Inv Crowsnest Ind A Cygnui B Filcon Copper Ginstar Home A Home B Hud Bay Co Hud Bay Oil Hud bay Pfd Alta Net Ga; .64 Inland Nat Gas .W N and C Gas N and C B Pfd Pacific Trans .72 Gaz Metro 13.00 Gaz Melro A fl.JS Trans Cda 1.16 Temp Gr Uniled Ac Universal Sav Vanguard Univesl VANCOUVER MINES Aflcn Alias Explor Bath Norse Brenda Churchill Copper _. Croyden Davenport 20.TO Dankoe Dolly Dynasly Equitoriel Fort Reliance Giant Mascot 1.69 5.1 7.J7 B.16 5.41 5.95 5.9? 4.94 6.97 7.25 6.21 6.79 5.66 6.22 6-06 B.B4 8-78 9.62 6.09 25.7S 1250 LCTWX 6B.OO _____ 47.00 _______ Trans Cda B 39.75 Lyttoo Mintrals Trans Cda A primer Trans Cda War 13.75 Pyramid WC Trans 23.121-i Silver Sfandard WC Trans Wts i 95 Texmont MUTUAL FUNDS Valley Coppei .36 .57 .27 a.10 .24 5.40 6.75 1.67 .09 .30 35.00 22.75 35.50 5.00 7.00 l.EB 5.33 INDUSTRIAL 9.24 Block Brcs 2.40 9.25 10.11 3.C Sugar 20.25 4.25 4.65 B.C. Sugar Pfd 15.00 4.50 7.14 Capt Inler 3.60 3.44 Col Brew 3.25 5.30 5.70 Crestbrook F IM 3.40 7.04 7.73 Hys 15.15 16.65 Key Indus! .54 4.17 4.5fl Pacific W Air 32.7S 6.30 9.01 Stampede I nil Ret .63 ft 16 6.74 OILS .74 Gt Pacific All Cdn Con- All Cdn Dlvid All Cdn Vent Amr Gr F AGF Special Cdn Invest F Col Mutual ll.62Vi Cmnw Inter 15.75 Cmnw Lev Cmnw Vent 38.55 Corp Invest ._ _ 17.12V3 Corp in 5t F 5.28 5.77 AIMnY Oil 50.00 Dreyfus F U.S. 13.22 14.4? Plains Pelv 58.50 Gr In Shani 4.33 4.76 West Explor New York stocks Amr T T Arwcmde Beth SIHl Chrysltr Comsat Dupont GM Gull Inl Harvester Kefln Copper (Supplied B; Richardson Sfcnriliti of Cintdi) llfl.50 20 Golds 117.05 off .91 67.50 10 Base Met H.B up .16 117.87-A IS W Oils Xa.a OH .37 37.SO Volume 21.00 NEW YORK AVERAGES 35.00 30 Indust W9.02 up 60.12V3 Wesllnghcust Elec J2 62W 30 Rails Hi.OT up .62 US. Steel 30.37Mj 15 utilities 121 fl uo 34 37.42V4 Gen Tel Elec n.tOV, J2.7S TORONTO AVERAGES M5'M "P M.S2'A seers 19.37Vi X-Ron 2B.50 Texas Gulf 37.50 Texas Co 62.50 Wlckes Corp 17B.OO WODlworffl Montgomery Ward 2J.50 23 Indus! 209.24 all .19 Volume Livestock report Calgary livestock CALGARY (CP) Receipts o 11 a.m. on the Calgary live- stock market were head, mainly slaughter steers and cows. Trade was active. Slaughter steers sold on a strong basis with over finish- Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. p-.-ovided by the Alberta Hog Producers Marketing Board. Edmonton: 36.50, average Wednesday 36.59. Red Deer: 3G.45, average Vcdnesday 30.77. Calgary: 30.45, average Vcdnesday 3G.52. l.ctlilmrige: No sales, aver- age Wednesday 3G.48. Lloydminster: No sales, av- erage Wednesday .10.SO. Grande Prairie: No sales, av- erage Wednesday 30.45. Total hogs sold Wednesday average 36.61. Sows average 20.70. MONARCH LIFE ASSURANCE COMPANY Take Pleasure in Announcing That MAS TERAKITA Has Earned The NATIONAL QUALITY AWARD In 1972 for the 9th Time Thii award it in recognition of the higrml quality of Insurance sorvics to tho public. award ii made by the Life Underwriter Aisocialion of Canada, the and tha life Iniurance Agency Management Aiiodolion. and the Life Inurance Agency Manaaement Aioclolion. ed ones discounted 50 cents to si. Heifers steady with no choice kinds on offer. Cows and bulls steady. Choice steers 35.25 to 36.60, good 34 to 35, medium to 33.50. Low choice heifers 33.25 to 33.80, good 32 to 33, medium 30 to 31.50. Good cows 23.50 to 24.50, medium 21.50 to 23.25, earners and cullers 17 to 21. Good bulls 26' to 28. Replacement cattle were scarce und were mostly heavy short keep steers weighing more than 950 pounds, selling steady. Slock calves sold steady. Good feeder steers 750 pounds up 34 to 36.70, good stock steer calves 44 to 50 Good stock heifer calves 34 to 40. Hogs 30.45. average base price SWISBACKITHECURP' FORMING HABITS OF SOW IN BATH OR LAUNORYTUS-WHICH BROUGHT ON DETERGENTS AND ENVIRONMENTAL HAVE BEEN BROKEN. NEW FORMULAS HAVE PRODUCED ABETTERiCUBPLESSSCAP- UTTER THAN PETEBSENTS.. New Sandy's store opened A second Sandy's Jewelry slore has opened directly across the street from another Sandy's store in downtown Lethbridge. Both are owned by F. G and. J. W. Sandercock. The new store carries merchandise pre- viously owned by Bernard Jew- elry of Toronto. The owners say merchandise In the new store 15 of a higher quality than that carried in the first Sandy's Jewelry, a 30-year-old business ocated at S04 5th St. S. The new store will employ ihree people. Among other hings, the store carries china- ware and novelty pewelry. Thundny, Nottmbtr U, THI LtTHMIDGI HttAlD 37 Dow-Jones industrial average investor aid New York Tlmei Service NEW YORK What makes the Dow-Jones Industrial aver- age, which closed above Tuesday for the first time on record, so important? What makes the Dow tick and will it ever split? The Dow industrials more than any other indicator have come to signify "the market" to Wall Street and lo 32 million shareowners. The singular status of the Dow average derives in part from its longevity and from its constant exposure in the pages of the Wall Street Journal and on thousands of chattering Dow- Jones tickers. It has become a fixture In the language, used by housewives, taxi drivers and financiers. The long-sought goal of on a closing basis carries a mystique all its own. Brokers have hailed it as "magical" and ever hopeful Parliamentary deadlock v said bad for business EDMONTON (CP) Can- ada's present political situation may result to the Liberal gov- ernment giving people what .hey want without regard to In- ure implications, Daniel Spra- jue of Winnipeg, president of :he Canadian Manufacturer's Association, said Wednesday. Mr. Sprague, chairman of James B. Carter Ltd., said there are Indications, "particu- larly after (his that ;he Libeval government may Soviet economy is weak MOSCOW (AP) Russia's economy is showing persistent weakness in areas the lead- ership promised would launch he Soviet Union into the con- sumer era. After a crop failure, Soviet economic managers are getting disturbing news from the indus- trial sector. Gross industrial prod up 6.9 per cent, is meeting the >lanned targets, statistics pub- ished Wednesday show, but the key to continued Soviet eco- nomic labor lagging. pull the stops out a move which "may have some Imme- diate effect, but on a long term basis could be very detrimental to the country." "A fear I would have is that politicians will be reading what the people want and will give it to them Mr. Spra- gue said at a news conference during a one-day visit to Ed- monton. He said the political deadlock "is very bad for the country', and most unfavorable for busi- ness in general. "Business doesn't thrive on uncertainty. We're at a crucial stage in our development a stage where we need strong government in Canada. We're faced now with a most unsta- ble situation." He said tin's situation will complicate the association's dealings with the government to some extent. "We will have to not only make our views known to the government of the day, but also to the opposition and to ail minority parties. "If the government is listen- ing to the Conservative party, we may have some influence. But if it Is listening to another party, we may find things more radical than we would want." Mr. Sprague cited unemploy- ment as one of the major prob- lems in Canada and said condi- tions for receiving unemploy- ment assistance have been made "too with benefits being such that they destroy the incentive to work. "People must be in a position where they want things. If they're in a position where they get things for nothing they won't work for it. "I believe In the work ethic myself." Instead of providing more un- employment assistance, the government should help create a favorable business climate. "With a proper business cli- mate to Canada, industry will create the jobs. Mr. Sprague said there should be. a move to increase Cana- dian capital. "Unfortunately, the trend seems to be to dis- courage the increase of capi- tal of a favorable Impact on In- vestment sentiment once tin mark was shattered. The genesis of the dally in- dustrial average dates back to 1896. The man who began it all was Charles Henry Dow, a founder of Dow Jones and Co., Inc. This capped a dozen years of experimentation by Dow, whose versions of the average had appeared as an irregular feature in a four-page financial news bulletin called the cus- tomer's afternoon letter and circulated in New York's fi- nancial district. Additions, deletions and sub- stitutions were made to the statistical compilation until May 26, 1896, when Dow finally came up with a list of 12 indus- trial stocks. The first industrial average, as of that date, stood at 40.M. Only two of the original 12 is- sues remain today in the list of 30 industrials. These are Gen- eral Electric and American Brands, known originally as American Tobacco. Shortly after this first indus- trial average appeared, it start- ed to decline and, on Aug. 8, 1896, It sank to 28.48, the lowest level on record. Earnings up for Rothnians TORONTO (CP) Rothmans of Pall Mall Canada Ltd. re- ports net earnings of for the three months ended Sept. 30 compared with 000 a year earlier. ana 1003 4lh Avenue S., Lethbridge Telephone 328-4426 ata ervices There are other calculators under but none we know of with all the features of the DiGi-matic 8 For under wo know of no other portable calculator that will give you office machine accuracy and convenience away from the office. The DIGI-MATIC 8 is the kind of personal-size calculator you've been waiting for. Fast, accurate, durable, attractive, the DIGI-MATIC 8 adds, subtracts, multiplies, divides and does mixed calculations anytime, anywhere. Instantly. Without any excuses. Here's why: Floating decimal Some portable calculators have a fixed decimal. This leads to small errors when you multiply or divide using a few decimal places, gross errors when working with many decimal places. The DIGI-MATIC 8 has a floating decimal. Which means it doesn't round figures off lo one or two decimals. The decimal point goes where it has to go to give you-'hc correct answer. Constant key Special conslantkey permits continuous multiplica- tion or division. CEkey Say you're working to a final tolal through a long sci of calculations. And you make a mistake on the last enlry. The CE key allows you to clear the wrong entry and put In the correct one. There's no need to start all over from the beginning. Portable power counts Many portable calculators oiler you only minutes ol portable calculating time. The DIGI-MATIC 8 oilers you up to 3 hours. You see, some other cal- culators use small batteries. Like 9omo toys. But the DIGI-MATICBIspowered by recharge- able nl-cad batteries (reeharger You simply plug It In and while you're using It, tha DIGI-MATIC 8 Is recharging Itself. Stotlorwry 9998 The incomparable DIGI-MATIC 8 is sold only byr More Credit balance function allows you to get a minus road-out 8 digit read-out Is In full-view when in use on a flat surface Overflow indicator tells you when total con- tains more than 6 digits Tough ABS plastic case; measures total weight is just 1Qozs. Cord and plug unit for recharging and for normal office use Atlraclive carrying case 1 year guarantee Charge it on your all-purpose account SIMPSONS-SEARS Ctntrt Village Mall Phono 32S-9231 Satisfaction or money refunded. STORE HOUDS: Op.n Dolly a.m. p.m. Thunday and Friday a.m. la a.m.