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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 20, 1972, Lethbridge, Alberta Prices higher in fair trading TORONTO (CP) Prices on the Toronto stock market moved higher in fairly active mid-morning trading today. The industrial index, consid- ered a major indicator of mar- ket trend, was up .35 to 210.43, gold .47 to 175.92 and western oil .25 to 260.45. Base metals, however, dipped .05 to 83.37. Volume at 11 a.m. was shares compared with at the same time Friday. Pipeline, trust and loan, bev- erage, merchandising, banks and chemical were among sec- tors of the market recording gains. Communication, indus- trial mine, oil refining, real es- tate and utility sectors were down. Advances outnumbered de- clines 132 to 86 while 196 issues remained unchanged. Bow Valley gained 1% to Transair .10 to Quinte-Canlin A .10 to Na- tional Sea Products to and Genstar .20 to S5.95. Controlled Foods dropped .10 to Thomson Newspapers to Crush International to and Aquitaine Vt to Texore Mines moved up .03V4 to 18 cents, Consolidated Marbe- nor .60 to Prado Explor- ations .15 to Peyto Oils .20, to and Northland Oils .03 to 66 cents. Louvicourt. Goldfield declined .03 to 10 cents, Coulee Lead .01 to six cents, Copperfields Min- ing .19 to Sunningdale Oil .15 to and Canada North- west .10 to MONTREAL (CP) All sec- tors advanced 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 Friday. Utilities rose .67 to 156.87, the composite .17 to 219.92, banks .12 to 276.84, papers .10 to 93.66 and industrials .02 to 228.76. On the Montreal Stock Ex- change, Andres Wines rose 1 to Ronalds-Federated 1 to and Monenco to while John Inglis dropped 1% to On the Canadian Stock Ex- change, NQN Mines added seven cents to 33 cents on shares traded. NEW YORK (AP) Mild profit-taking began to weigh on the stock market today, press- ing most segments of the mar- ket lower, although a few more stocks were gaining than losing. The noon Dow Jones average of 30 industrial slocks was down 2.11 at Advances out- numbered declines by about 6 to 5 among issues traded on the New York Stock Exchange. Trade was moderately active. The New York exchange in- dex of more than common stocks was down .09 to 63.16 at noon, while the Amex price- change index was up .02 at 26.16. Hudson Bay Mining was up at and Mclntyre Porcu- pine ahead 1 at Down were Walkcr-Gooderham at Alcan at and Inter- By Gene Fawcctte WANT TO KNOW THE LOWEST TEMPERATURE LASTNISHTOR THE HIGHEST WITH OUT CONSTANTLY WATCHING THE THERMOMETER? -rOU CAN WITH A NEW ONE THAT AUTOMATICALLY RE6I5TERS HIGHS ANP LOWS BVTlNY INDICATORS IN EACH OF ITS TWO MERCURY national Nickel at On the Amex, Canadian Jave- lin was up Grain prices Winnipeg Grain WINNIPEG (CP) Oilseeds were active and stronger with the cash month posting the highest advance at the mid-ses- sion on the Winnipeg Commod- ity Exchange today. November flax was seven cents higher than Friday's close while deferred months were only higher. November rapeseed was 2% higher in the Vancouver option and a cent higher in Thunder Bay. Oats and barley were frac- tionally higher in a good do- mestic shipper trade, and rye was Vt to V2 higher in a light commission house trade. Friday's volume of trade was bushels of flax, bushels of rye, and bush- els of rapeseed. Mid-session prices: Flax: Nov. 7 higher Dec. higher May higher July Vz higher Rapeseed Vancouver: Nov. 2% higher 2.92A; Jan. 1 higher 2.88'AB; March 1% higher 2.83ysB; June IVi higher 2.78V4B. Rapeseed Thunder Bay: Nov. 1 higher 2.60B; Dec. 1% higher May 1 higher 2.67; July IVt higher 2.64B. Oats: May lower Barley: Dec. higher 1.27A; May higher 1.30A; July Va higher Rye: Dec. Vt higher 1.27V4B; May higher 1.34A; July Vi higher 1.34. Dec. higher 9414B; t higher July Massey-Fergusoii strike over TORONTO (CP) About 300 members of the United Auto Workers voted 83 per cent Sun- day to accept a new contract from Massey-Ferguson Ltd., ending a six-week-long strike at plants in Toronto and Brant- ford, Ont. A spokesman for Massey-Fer- guson said employees are ex- pected to return to work today for the first time since the strike began Oct. 14. Clifford Pilkey, international representative of the UAW and chief negotiator for the union, said the most important feature in the 24-month contract is a re- duction in retirement Ege. He said retirement age for employees with 30 years' serv- ice will be reduced to 60 from 62 on Sept. 2, 1974. Mr. Pilkey said the increase will bring the average wage to an hour for a 40-hour week by the end of the agreement. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 37.75, average Friday, 36.85. Red Deer: 36.05, average Friday, 36.99. Cnlgary: 37.05, average Friday, 37.10. Lethbridgc: N i 1, average Friday, nil. Lloydminsler: Nil, average Friday, nil. Fort Macleod: Nil, average Friday, nil. Grande Prairie: Nil, average Friday, nil. Fairview: Nil, average Fri- day, nil. Total hogs sold 620, hogs sold Friday Average 37.40. Price sows 26.85. LIFE INSURANCE _________ __ __ (Initial Amount) (20.Ycar Decreasing Convertible Term Insurance) IT WOULD PAY YOU TO COMPARE THIS WITH ANY OTHER TERM PLANI MONTHLY PREMIUMS (P.A.C. riMii) Ago Age Ago Ago Age Age KEN BELSHER OCCIDENTAL LIFE 439A HOLIDAY VILLAGE Phono 328-0944, Res. 128-0994 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST KID OR SALE i.m. Quotes) a.m. Quoits) 5S.OO Or in Stares 4.79 47.25 Or Equity 9.37 1712'A Invest Gr K 12.4413.60 42.25 Invest Mututl 5.B8 6.43 5.00 Mutual Ac Guotet) WESTERN OILS Almlnex Alta East Gas Asamera Ashland BP Canada can South Cdn Ex Gas Cdn Homi Hud Biy Pld 5.95 Hugh Russell 7.90 Husky Oil 13.62'A Husky oil B 13.00 Husky Oil War 17.37V4 Inter Provr Pipe 11.75 Mutual Gr 7.75 Inter Prov Steel 14.6216 Res Kaiser Res Loblcw Pld Cdn ind Gas Oil Pacific Pete Cdn Super Cdn Long is Charter Chieftan Dome Pete Gt Plains Gt Cdn Oil Lochiel Noble Mines North Cdn Oil Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger scurry Rain Spooner Seibens Tolal Pete Ulster W. Decalta West Pete 53.75 .38 4.30 14.75 40.00 Rainier Sand we 11 Teledyne West Cdn Seed While Yukon 215 N W Cdn 3200 N W Gr 43.12W Principal Gr 32.37'A Westtield 8.35 Weston Ffd 2.18 2.53 6.90 CALGARY Acroll Barons Oil North Cont Went Warner 1.20 .95 .23 MISCELLANEOUS INDUSTRIES Aqultaine 26.00 Brinco Cdn Brew A Cdn Brew B Cdn Pacific Inv CrowsnesI Ind Cygnus A Cygnus B Falcon Copper Genstar Home A Home B Hud Bay Co Hud Bay Oil 18.50 16.62V? PIPE LINE STOCKS 1.27 Alta Gas A -32Vi Alta Gas Pref .E5 Alta Nat Gas .52 Inland Nat Gas 27.25 N and C Gas N and C B Pfd .70 Pacific. Trans Gaz Metro 8.60 Gaz Metro A Tr Cdn P Trans Cda B Trans Cda A Trans Cda War WC Trans WC Trans Wts MUTUAL FNND5 1.D6 6.35 10.50 71.00 20.00 12.00 11.50 26.00 13.25 4.75 6B.OO 46.75 39.75 86.75 13.25 United Ac Universal sav Vanguard VANCOUVER MINES Alton Atlas Explor Bath Norse B rend a Churchill Copper Croyden Davenport Dankce Dally varden Dynasty Equitoral Fort Reliance Giant Mascot Graisle Lornex Lytion Minerals Primer Pyramid Silver Standard Texmont 6.17 6.7? 4.74 5.21 7.49 8.19 5.45 5.99 6.06 6.66 4.94 5.42 6.99 7.27 8.27 8.98 5.63 6.24 8.05 8.84 8.76 5.60 5-75 All Cdn All Cdn Divid Valley Copper 4.80 INDUSTRIAL Block Bros 35.00 23.25 25.50 6.00 7.00 11.75 16.00 39.37V; 38.50 17.50 50.50 All Cdn Vent Amr Gr F AGF Special Cdn Invest F Ccl Mutual Cmnw Inter Cmnw Lev Cmnw Vent Corp Invest Corp In St 8.43 9.21 B.C. Sugar 9.22 10.03 B.C. Sugar Pfd 4.27 4.67 Capt Inter 6.54 7.18 Col Brew 3.45 Crestbroofc F Ind 5.19 5.69 Hys 7.11 7.81 Key Indust 15.16 16.66 Pacific W Air 4.20 4.62 Stampede I nil Res .61 8.23 9.04 OILS 6.16 6.74 Albany Oil .77 5.31 5.BO Plains Pete .27 8.00 .18 .34 5.55 6.00 6.75 1.90 .14 .39 .66 .34 7.20 2.60 20.00 15.00 340 3.35 3.40 3.4D .54 23.00 Dreyfus F U.S. 13.31 14.5? west Explor Toronto industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes! a.m. Quotes) a.m. Quotei) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Brunswick Can" N.W. Land Canada Tung. Cassiar Central Pal. Chi mo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malarlic East Sullivan FalconbrirJge Frobex First Marltimes Giant Y.K. Bovis Granduc Headway R.L. Hollinger Hudson Bay M-S Hydra Ex. Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Laka Shore Langis Silver Macisen R.L. Malarlic G.F. Martin McNeety Maclntyrc Mela Midrim Intern Mogul Nu West Homes New Athona New Calumet W. Horse Copper Noranda Northgatt Norlex .31 2.20 .28 8.05 1.44 .11 V> 1.25 1.01 5.50 3.30 .10 .37 5.75 2.25 .60 .38 .65 1.60 2.07 .55 .34 .47 6.60 2.00 3.00 .02W .dl .18 3.55 3.40 .23 9.10 .17 40.00 2.25 .55 .74 .09 41.00 .13 11.75 9.1S .11 .23 2.32 37.50 4.75 27.75 36.75 3.10 .09 1.02 OsisKo Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore. Rio Algom Roman Corp, Sherritt Gordon Silver Miller Sleep Rock Tek Corp. Texmont .34 Upper Canada 2.73 Western Mines 2.36 Wright Hargreaves .90 Willroy 1-37 Windfall .09 Yellowknlfe Bear 3.35 .08Va 5.90 .04 1.55 4.90 Dofasco Cable Ford of Am Grt Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Huron Erie Hiram Walker Imp Oil I ma sea Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentidfc Kelly Doug A Loeb INDUSTRIALS Abltibf 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 Calgary Power Coron Credit c.w.N. Gas Cdn Ind Cdn Marconi Cdn Vlckers Chrysler C.P.R. Cominco Cons Bath Cons Gas Dist Seagra: Dom Bridge Domtar Dom Textile Dom Stores Dom Pete Pfd 9.50 Massey Ferg McMillan Bloe 12.25 Moore Corp Molsons A 5.75 MOlSOnS B North 6 Cent 44.62Vi Power Corp Price Co. 57.50 Rothmans 19.00 St. Law Corp 10.25 Shell CDA Simpson's 39.00 .Simp Sears 9.62V3 Steel of Cda 5.25 Selkirk A Texaco Traders Grp A Trans Mfn Pp Trans Cda Pp Union Gas 16.00 Union Oil 5.00 Versatile Mfg 11.00 Westeel Union Car 14.75 Weston's B Woodward's A 15.50 West Cdn Seed Zenith Elec 38.75 BANKS 31.25 Cdn Imp 17.25 Montreal 9.75 Nova Scotia Royal Tor-Dom 3.35 26.50 1.75 15.00 40.00 27.62V; 19.25 74.00 8.15 80.00 16.25 35.50 22.50 3.90 31.75 49.50 42.25 31.00 27.50 10.75 23.87 ft 20.62V2 13.00 7.75 3-90 21.00 4B.75 29.75 29.00 11.50 11.75 17.12 W 19.00 54.25 30.37'A 41.75 33.12V3 11.50 54.75 22.12VJ 23.00 46.71 12.M 22.50 15.50 20.00 29.00 6.75 2.70 29.00 20.50 39.75 37.00 IVet0 York stocks (Supplied By ft i chard son Securities of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper 51.00 Montgomery Ward 29.25 20 Golds 175.76 up .31 19.25 Sears 115.50 10 Base Met 83.24 off .IB 29.00 Texas Gulf 17.37W 15 W Oils 261.07 up .87 38.62'A Texas Co 37.50 Volume Wickes Corp 27.00 vnev AVCOArtrc 179.12V) Woclworth 35.00 NEW YORK AVERAGES Elec 30 Indust oft .90 o. en U.S. Steel 31.50 20 Rails 227.52 off .07 Gen TCI Elec 30.75 15 Utilities 121.96 H.C. 3B.12'A TORONTO AVERAGES 65 Stocks 327.50 off .19 22.75 20 Indust 210.44 up .36 Volume Livestock report Calgary livestock CALGARY (CP) Receipts (o 11 a.m. on the Calgary Live- stock Market were 400 head, mainly cows and steers. Trade was active. Slaughter steers sold steady, condition considered. No strict- ly choice kinds were offered. Heifers sold steady with no choice kinds on offer. Cows were mostly medium and can- ner kinds with all grades sell- ing steady. Low choice steers 35.25 to 35.80, good 34 to 35, medium 31.50 to 33.50. Good heifers 32 to 33, medium 30 to 31.50. Good cows 23.50 to 24.50, medium 21.50 to 23.25, canners and cut- ters 17 to 21. There were insufficient re- placement cattle or stock calves on offer to establish o market. Hogs average base price 37.05. REQUIRES Commission Salesmen in the following areas APPLIANCES FURNITURE Proven high earnings potential is assured owing to increased sales. Only sales people with experience and knowledge of the above, or closely related areas will be considered, Benefits are as follows: 40 hour 5 day week Discount on purchases Medical Profit Sharing Apply at Personnel Depl. Centre Village Mall Court battle looms VANCOUVER (CP) The British Columbia government is prepared to refund Seattle City Light the the util- ity spent on land rentals while the f 1 o o d i n g of B.C.'s Skagit Valley as part of the Ross Dam power project was being con- sidered, Resources Minister Bob Williams said here. But, the minister added, the government is prepared to take .he issue to court if Seattle Light does not accept his deci- sion to cancel the flooding. An agreement was signed be- hyeen B.C. and Seattle City ,ight in 1967 under which the utility is to pay annually 'or 99 years for the right to 'lood acres of the Skagit Valley by the raising of the B.OSS Dam, just south of the U.S. jorder about 90 miles east of Vancouver. Dividends By THE CANADIAN PRESS Greyhound Lines of Canada Ltd., 17 cents, increase of two cents, Dec. 30, record Dec. 1. Crown Life Insurance Co., 19 cents, Jan. 2, record Dec. 7. Distillers Corporation Sea- grams Ltd., cents, Dec. 15, record Nov. 27. Hiram Walker Gooderham and Worts, 30 cents, Jan, 15, record Dec. 15. SPACE SHORTAGE VANCOUVER (CP) shortage of office space in Van- couver by 1974 has been pre- dicted unless planning starts soon. "It takes a couple of years to build an office tower and most of them are in the planning stage for two years prior to that, so the amount of space available for about five years ahead is said Vaughan Bruneau, Vancou- ver manager of Knowlton Realty Ltd. He foresaw a short- age of about square feet in 1974 and'close to a million square feet in 1975. Monday, Novimbw 10, 1972 THE LETHBRIDGE HfltALS 15 Notley critical of oil policies SASKATOON (CP) The Al- berta government's policies re- garding oil and natural gas rev- enues have permitted a "hem- morhage of capital" to flow from the province into the Uni- ted States, NDP leader Grant Notley of Alberta said Satur- day. Denies patent medicines harmful OTTAWA (CP) A federal health official denied here that patent medicines are a threat to public health and said the government is continuously reviewing manufactured drugs. Commenting on a call by the Quebec College of Pharmacists for a federal inquiry into the ''uncontrolled use" of patent medicines. Dr. A. B. Morrison, assistant deputy minister of the health protection branch, said a panel of pharmacists contin- ually advises the government on drugs. The suggestion that uncon- trolled use of patent medicines is a public health threat is "not new to he said. The danger exists with abuse of these medi- cines, he said. "We are convinced that oat- ent medicines are safe when they are used according to di- Dr. Morrison said. But he added that it would be difficult to regulate against all drug abuse. "If you took every patent medicine off the shelf that could be abused there would be noth- ing he said. Dr. Morrison said the health department was trying to do away with old legislation that allowed companies to keep their formulas secret. The college had criticized the law in its statement. If Quebec pharmacists were concerned about patent medi- cines that can be sold outside drugstores, they should petition the provincial government, he said. Patent drugs sold outside pharmacies are listed under provincial laws. He told about 600 delegates to the Saskatchewan NDP conven- tion that the time has ended when foreign industry poured millions of dollars into Alber- ta's oil industry. There now was a massive flow of capital out of the province. The drain from the oil busi- ness has increased from million in 1968 to million this year, he said. Government royalties were to be increased by million but million will be returned to encourage the companies to drill. "The companies are increas- ing prices by 10 cents a barrel and will completely recoup the losses." ALBERTA 'BUM' Recalling the campaign issue raised by national NDP leader David Lewis against "corporate welfare Mr. Notley said Alberta has its own "bum" in Calgary Power. He said the company has the gall to ask for a 15-per-cent in- crease in its rates while having million in deferred taxes to use "for its own purposes." Gandhi gets car NEW DELHI (AP) The Bangladesh government gave Indian Prime Minister Indira Gandhi a new automobile, as- sembled Environment studies mandatory VANCOUVER (CP) Re- sources Minister Bob Williams says future major power pro- jects in British Columbia will need environmental impact studies before the provincial government will consider them. He said in an interview that a number of existing projects are "an environmental mess" and accused the former Social Credit government of irrespon- sibility in not conducting such personal gift from Bangladesh Prime Minister Sheik Mujibur Rahman. She accepted the car Saturday at the Bangladesh Asian International Trade Fair in New Delhi. studies previously. 'Studies will be mandatory for future he said. "At the moment, while there are no major power develop- ments waiting approval, the government will determine the cost, staging and timetabling of the impact surveys." He said eventually power rates may have to be raised to finance the studies, but this would not happen for a long time. CLEAN-UP PROJECT A massive clean-up project at the Mica and Bennett Dam sites on the Columbia and Peace rovers, respectively, may have to be expanded to clear snags, trees and floating debris from other locations including the Duncan Dam north of Kootenay Lake, he said. He said it is too late to do anything about the million Kootenay Canal project on the Kootenay River between Nelson and Castelgar, "because power development has been going on so long there we don't even know what the river is like in its natural state. EXPERIENCED AND QUALIFIED CLUB MANAGER Required for Active Downtown City Club at Calgary PLEASE REPLY IN CONFIDENCE TO RIO HOLDINGS TOUCHE ROSS COMPANY 600 SIXTH AVE. S.W., CALGARY 1, ALBERTA CRESTLINE'S ANNUAL FALL SALE CONTINUES! NOW UNTIL NOV. 25th Vinyl Asbestos Floor Tile PREFIN1SHEO RANDOM GROOVED Wall Panelling 4'x8' 4 mm In 4 ihadii. light Oak Duiky Claulc -Wal- nut 3" gauge. 3 colors to choose from. Special, per tilo SPECIAL, EACH DECORATOR WHITE CEILING TILE INSULATION Zonolite Attic Fill 3 cu. ft. bog. Per bag J Flbreglas Insulation R7 Per roll 0.29 WEATHERSTRIPING RCR weatherstrip for doors "yft Angle Seal per set. Per Set RCR Door Thresholds. Each........ CAULKING 1.99 49c COMBINATION DOORS heavy duly aluminum. Complete with spring chain, lock, door closer AP nnd wenthestrippirtg FIREPLACE SPECIALS We carry a full linl of Ercokt, fireplace screens and ac- cessories in Swedish Iron An. lique Hnmmeied Eraii polish- ed Brass Block and Brass. SPECIAL J-PC. SET OF TOOLS Black Brass Poker Brush, or M iq. ft. ptr carton. .69 SPECIAL, SET 17.751 29.95 CAULKING GUNS Skeleton type. Each CAULKING COMPOUND Grey or white. Tube TOTEM LOGS Carton of 12 1.69 Per Carton FIREPLACE FUEL WILDFIRE FIREPLACE COAL 40 Ib. thene U9 Per Baa SPRUCE PINE CEDAR FIREPLACE LOGS Cut to 16" lenqths. Vi C01D 34.50 ROUGH SPRUCE PLYWOOD Exterior No. 1 grade A 1 Q Per sheet I 7 Exterior No. 1 grade Per sheet 7 STANLEY BERRY AUTOMATIC GARAGE DOOR OPENER Opens and closes your garage doors as you sif in your car. Locks doors, shuts off lights. Operates on new or existing single r double doors. Solid state rcdio. Easy lion. One year Special 184.95 STANLEY BERRY ONE-PIECE STEEL GARAGE DOORS 9' K 7' Complcta with assembled hardware. 71.95 WEL.DWOOD MEDITERRANEAN SERIES EMBOSSED CANNON CRAFT INTERIOR SHUTTERS Adjustable louvrei Clear pine construction for painting or staining Clear mahogany for staining Widths 6" 7" 8" 9" Lengths from 16" to 36" PRICES START AS IOW AS EACH 1 WOOD PANELLING Monlf 5' 4'x8'-4 mm. Eldorado Walnut, Monterey Oak, Moreno Rosewood, Topai Pecan, Aztec Walnut. Reg. SALE ROUGH FIR PLYWOOD Exterior No. I M grade. Per A'xB'-W Exterior No. 1 J QQ grade. Per ASPENITE CHIPBOARD Pcnhcet CALIFORNIA .3.69 CRESTLINE BUILDERS MARKET LTD. 'lETHBRIOGE 5 INDEPENDENT BUIIDING SUPPIV HEADQUARTERS" 123 30lh St. N Phono 327-5444 or 327-511C "Chargex or use Crestline's Budget Plan ;