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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 16, 1972, Lethbridge, Alberta Thumtay, Novtmbtr THI UTHMIDOI HUtALD 27 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 .16 to 209.58, golds .87 to 177.16, base metals .25 to 83.14 and western oils .33 to 258.66. 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 ot 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 188 issues remained un- changed. Slater Walker rose to Harding Carpets to Imperial Oil to West- burne to and Alpa In- dustries to Cominco slipped to Andres Wines to Rank Organization to Noranda Vz to Maclean-Hunter A to and Capital Diver- sified four cents to 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 Ranger Oil was off to and Scurry-Rainbow 'A 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 coo- 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 1% to and Andres Wines to while MaisUn rose to On the Canadian Stock Ex- change, Dauphin Iron Mines aded two cents to eight cents on shares traded. NEW YORK (AP) The stock market turned mixed to- day after being down to early trading. The Dow Jones average of 30 industrial stocks was up 0.60 to 999.02 at noon. But declining stocks outnumbered advancing ones 666 to 526 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 after an appeals court held its patent on the tranquillizer meprobamate to be invalid, was halted in trading today. When it reopened it was up Itt to Dome Mines was up IVa at and Massey Vt at Mclnlyre Porcupine was off 2 to and Alcan down Vs to On the Amex, Scurrq Rain- bow OU and Canadian Javelin was off tt, at and WVi, respectively. BOOKKEEPER REQUIRED IMMEDIATELY A competent bookkeeper, able to handle all ac- counts receivable, account! payable, payroll, etc., is required for local retail store. Salary, fringe 'benefits commensurate with experience. Reply in own writing, supplying personal resume to: Box 84, Lethbridge Herald All Information held In itrlctest confidence. SIMPSONS hears CORRECTION In our hat ad on page 50 of Wednesday's Herald the item "Warm Knits" should hove read: Warm Knits in classic or youthful styles. Some have scarves, mitts to match. Toronto mines, industrials Acme Advocate Asb, Akaltcho Bralorne Broulan Bethlehem Brunswick Can. N.W, Land Canada Tung. Cassfar Central Pat. Chi mo Conwest Cons. Coin Lake Cochenour Craigmofit Dickenson Mines Deniscn Mines Deer Horn D'Eldona Dome Amines Dona Ida Discovery Mines East Malartlc East Sullivan Fa Icon bridge Frobex First Marl times Riant Y.K- Granduc Headway R.L. Holllnger .28 1.40 .52 2.25 7.95 1.46 17.25 1.30 1.01 5.50 3.35 .10 .39 5.75 2.25 27.25 Dofasco 27.75 Cafcle Grt Cdn 01! 2-75 Gen Motors .119 Grf Lakes Pp 1.02 Gulf OH Cda Greyhound 18.37% Hawker Sid (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) a.m. Ouotesi flt-.QO a, MINES Oslsko Pine Point Placer Dev, P.C. Exp. Quebec Man -30Va Ray rock 15.50 Rfldlore 3.60 Rio Algom Roman Corp. Sherrlll Gordon Sliver Miller Steep Rock Tek Corp. Texmont .59 Upper Canada 2.75 Western Mines 2.43 Wright Hargreaves .90 WHIroy 1.34 Windfall .09 Yellowkntft Bear 3.45 Zenmac .OB INDUSTRIALS 6.05 12.50 1.65 5.05 Hudsc .'4 61.03 .36 .68 1.60 2.11 52. .33 .45 6.00 3.05 2.50 41.25 Abitibi Alcan Algoma Steel Alco InrJ Atlanlic Sucar Agra ind Bell Tel Brazil Trac B.C. Tel Bay M-S 19.50 Hydra Ex. Iron Bay ISO Jollet Quebec Kerr Addison Key Anocon Labrador Lake Shore Madsen R.L. Malartlc G.F. MarM McNeely Nu West Homes Mefa Maclntyre Mldrlm Mogul New Athona New Calumet W. Horse Copper Noranda Northgate Norlex B.C. Forest B.C. Sugar Bow Val Ir.d CAE Ind Cdn Brew Chemcell Col Cell Calgary Coron Credit C.W.N. Gas Cdn Ind Cdn Marconi Cdn Vickers Chrysler .10lb C.P.R. 46.00 Cominco .10 Cons Bath 11.50 Cons Gas Dlst Seagrams .18 3.5S 3-45 .23 9.40 .16 39.75 2.60 .55 9.25 Hur 8. Erie Hiram Walker Imp Oil Imasca tnt Nickel Int Pipe Inv Gi'p A Int Util Ind Accept Kaps Laurentlde Kelly Doug A Loeb LotlDW A Met Stores Masjey Fer McMillan Bios Moore Corp 11.MV? Molsons A r Molsons B 13.62W North B. Cent power Corp Price Co 57.00 Rcthmans St. Corp Shell CDA Simpson's Simp Sears 9.75 20.75 17.25 19.25 20.; s 20.50 38.00 __.. steel of Cda .91 Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp .24 :.3o 28.00 4.60 .21 Bridge Domtcr Dom Textile Dom Stores Dome Pete 2B.OO 1.65 Pfd 11.12% Union Gas 16.50 union Oil Versatile Mfg 11.00 Westeel 3535 Union Car 14.87'A Weston's B Woodward's A 16.50 Weft Cdn Seed Zenith Elec 37.50 BANKS 31.00 Cdn Imp 17.50 Montreal E.50 Nova Scotia 14.50 Royel 40.25 Tcr-Dom Quotei) 23.50 19.00 8.25 16.25 22.50 3.75 31.75 49.75 31.25 27.50 10.87V3 23.00 20.87% 10.3716 13.00 7.75 3.6S II .00 18.6216 48.25 30.00 29.00 11.50 13.00 11.87% 17.75 19.75 53.50 29.62V3 41.00 32.00 12.75 52.0D 21.75 23.50 47.00 11.25 17.00 6.50 22.00 15.00 20.25 28.25 7.00 2-60 New Sandy's store opened A second Sandy's Jewelry store 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 is of a higher quality than that carried in the first Sandy's Jewelry, a 30-year-old business .ocated at 5th St. S. The new store will employ three people. Among otter things, the store carries china- ware and novelty pewelry. 29.50 1.0.50 Miscellaneous quotations Vancouver, Calgary, Montreal vSupplied by Doherty, McCualg Limited) LAST BID OR SALE a.m. Quotes) p.m. Quotes) a.m. Quotes) WESTERN OILS Hugh Russell 47.50 Gr Equity 8.50 9.34 6.00 Husky 17.37V'a Invest Gr F 7.50 Husky Oil S 42.25 Invest Mutual 13.25 Husky Oil War 5.00 13.25 Inter Prov Pipe 11.50 17.25 Inter Prov steel 15-Of Alminex Alta Esst Gas Asamera Ashland Oil-Gas BP Canada Can South Cdn Ex Gas Cdn Homestd Cdn ind Gas Oil Raini 7.8C 3.70 Loblsw Pfd Pacific Pefe 2.25 Mutual Ac Mutual Gr Mat Res N W Cdn Gr 4l'.75' Principal Gr Cdn Super Cdn Chieftan Dorrs Pete Gt Plains Gt Cdn Lochlel North Cdn Numac Pancdn Pete Pan Ocean Petrol Pinnacle Gas Ponder Ranger Scurry Rain Piixiner Setbens Total Pets Ulster W. Decalta West Pete 52.50 Sandwell .37 Teledyne 4.15 West Cdn Seed White Yukon 40.25 Westcn Pfd CALGARY 32.00 oil 3.29 6.50 19.00 3.55 4.10 6.75 11.75 62.00 .90 Barons Oil North Com .01 West Warner .20 PIPE LINE STOCKS Alta Gas A 15.50 Alta Gas Pref 71.00 Alta Net Gas 20.00 Temp Gr United Ac Universal Sav Vanguard Univest VANCOUVER MINES Aftcn Atlas Explor Bath Norse Brenda Churchill Copper Croyden Davenport Dankoe 12.43 13.59 5.89 6.44 6.15 6.76 4.69 5.16 7.47 5.41 5.95 5.P9 6.53 4.94 5.42 6.97 7.35 8.21 _ 5.66 6.22 8-06 B.7B 9.62 6.09 6.70 .86 Inland Nat Gas 11.87V'i Dolly 13.00 B.4S 1.16 6.30 10.50 MISCELLANEOUS INDUSTRIES Aoiiltaine 26.00 Brlnco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnest Ind Cycnus A Cygnus B Falcon Copper Ginstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay Pfd N and C Gas N and C B Pfd Pacific Trans .72 Gaz Metro Gaz Metro A Trans Cda Trans Cda B Trans Cda A Trans Cda War WC Trans WC Trans Wts 11.50 25.75 12-50 4.85 6B.OO 47.00 39.75 Dynasty Equitorial Fort Reliance Giant Mascot Graisle Lcrnex Lytton Minerals 87.87W Primer 13.75 Pyramid 23.13W Silver Standard 4.95 Texmont .36 .57 .27 6.10 .16V .34 5.40 6.00 6.75 1.67 .09 MUTUAL FUNDS Valley Copper Gt Pacific All Cdn Com 28.00 An can Dlvid All Cdn Vent Amr Gr F AGF Special Cdn Invest F Col Mutual 11.62'A Cmnw Inter 15.75 Cmnw Lev M.42Mt Cmnw Vent 38.25 Corp Invest 17.12V3 Corp in St 35.00 22.75 25.50 5.00 7.00 10.00 58.50 -I.E3 5.33 INDUSTRIAL 8.46 9.24 Block Bros 2.60 9.25 10.11 B.C. Sugar 20.25 4.25 4.65 B.C. Sugar Pfd 15.00 6.50 7.14 Capr Inter 3.M 3.44 Col Brew 3.25 S.20 5.70 Crestbrook F Ind 3.40 7.04 7.73 HVS 3.40 15.15 16.65 Key Indus! .54 4.17 4.58 Pacific W Air M.7S 8.20 9.01 Stampede Intl Res .63 6.16 6.74 OILS F 5.28 5.77 Albany Oil .7X Dreyfus F U.S. 13.32 14.4? Plains Pete Gr In Shares 4.33 4.76 West Explor ]Vetu York stocks Amr T and T ArWccnda Beth Stec! Chrysler Comsat Dupont GAA Gulf Int Harvester Kenn Copper (Supplied By Richardson Stenritlts ef Canada) 116.50 20 Golds 117.05 off 87.50 10 Base Met 83.55 up .16 117.8716 15 W Oils Off .37 37.50 Volume 28.00 NEW YORK AVERAGES __________ 35.00 30 Indust 999.02 up .60 Westlnghouse Else 42.62'A 20 Rails 276.09 up .62 34.37V3 U.S. Steel 30.37% 15 utilities 121.49 up .34 37.62% Gen Tel Elec L -11 ...f 22.75 TORONTO AVERAGES Stocks. Up 50.62% Sears X-Ron 28.50 Texas Gulf 37.50 Texas Co 62.50 Wickes Corp 178.00 Woolworth Montgomery Ward 29.50 23 Indust 209.24 oft .19 Volume Livestock report Calgary livestock CALGARY (CP) Receipts .0 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. provided by the Alberta Hog Producers Marketing Board. Edmonton: 36.50, average Wednesday 36.59. Red Deer: 36.45, average Wednesday 30.77. Calgary: 36.45, average Wednesday 36.52. I.etlibridgc: No sales, aver- age Wednesday 3C.48. Lloydminsler: No sales, av- erage Wednesday 36.50. Grande Prairie: No sales, av- erage Wednesday 30.45. Total hogs sold Wednesday average 36.61. Sows average 26.70. MONARCH LIFE ASSURANCE COMPANY Take Pleasure in Announcing That MAS TERAKITA Has Earned The NATIONAL QUALITY AWARD In 1972 for the 9th Time This award is in recognition of the highest quality of life instance service to tho public. award ii made by Lifo Ajsocialion of Canada, and the Life Insurance Agency Management Anoclation. and Life Agency Managtmint Aiodolion. ed ones discounted 50 cents to Heifers steady with no choice kinds on offer. Cows and bulls steady. Choice steers 35.25 to 36.60, good 34 to 35, medium 31.50 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, canners and cutters 17 to 21. Good bulls 26 to 28. Replacement cattle were scarce and 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 Dow-Jones industrial average investor aid New York Times 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 to 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 Hogs 36.45. average base price eerrta SOAP sw is BACK! THE cygp- EORMiNS HABITS OFSOWIN BATH OR LAUNDRY TUB-WWCH BflOUSHT ON DETERGENTS AND ENVIRONMENTAL PROSLEMS- HAVE BEEN BROKEN. NEW FDRMUWS WWE PRODUCED BETTEB EDMONTON (CP) Can- ada's present political situation may result in the Liberal gov- evnment giving people what they want without regard to fu- ture implications, Daniel Spra- gue of Winnipeg, president of the Canadian Manufacturer's Association, said Wednesday. Mr. Sprague, chairman of James B. Carter Ltd., said there are indications, "particu- larly after this that the Liberal government may Soviet economy is weak MOSCOW (AP) Russia's economy is showing persistent weakness in areas the lead- ership promised would launch the 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 planned targets, statistics pub- lished 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 tang 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 this 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 all minority parties. "If the government is listen- ing to the Conservative party, we may have some influence. But !f 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 moire un- employment assistance, the government should help create a favorable business climate. "With a proper business cli- mate in Canada, industry will create the jobs. Mr. Sprague said there should bs a move to increase Cana- dian "Unfortunately, the trend seems to be to dis- courage the increase of capi- tal of a favorable Impact on In- vestment sentiment once the 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 in the statistical compilation until May 26, 1896, when Dow finally came up with a list of 12 indus- trial stocks. The first indfjstrial 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 Rothinans 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. Q d Avenue Lethbridge phone 328-4426 JiJata 1003 4th Avenue S., lethbridge Telephone 328-4426 There are other calculators under but none we know of with all the features of the DiGi-maCic B For under we 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 to one or two decimals. The decimal point goes where it has to go to give you-the correct answer. Constant key Special constantkeypermits continuous multiplica- tion or division. CE key Say you're working to a final total through a long sei ot calculations. And you make a mistake on the last entry. 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 throw-away batteries. Like somo toys. But tho DIGI-MATIC8 Is powered by recharge- able ni-cad batteries (recharger You simply plug It in and while you're using It, tho DIGI-MATIC 8 Is recharging itself. Stationary 9998 The Incx5mparable DIGI-MATIC 8 is sold only More Credit balance function allows you to get a minus read-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 8 digits ABS plastic case; measures weight is just 10 ozs. Cord and plug unit for recharging and for normal office use Attractive carrying 1 year guarantea Charge it on your all-purpose account SIMPSONS-SEARS Ctntra Village Mall Phono 328-9231 Satisfaction or money refunded. STORE HOURS: Optn Daily a.m. to p.m. Thunday and Friday a.m. la 9 p.m. ;