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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 240.45. Base metals, however, dipped .05 to 83.37. Volume at 11 a.m. was 721.00C shares compared with at the same lime 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 51.25, Quinte-Canlin A .10 to 51.50, Na- tional Sea Products io and Gcnstar .20 to 55.95. Controlled Foods dropped .10 to Thomson Newspapers to Crush International ?'s to and Aquitaine Vt to Texore Mines moved up .0 to 18 cents, Consolidated Marbe- nor .60 to Prado Explor- ations .15 to Peyto Oils .20 to and Northland Oils .03 lo 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 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 W at and Mclntyre Porcu- pine ahead 1 at Dorni Vi were Walkcr-Goodcrham at Alcan at and Inter- WANT TO KNOW THE LOWEST TEMPERATURE LASTNISHTOR THE HI6HEST WITH- OUT CONSTANTLY WATCHING THE THERMOMETER 1 1OU CAN WITH A NEW ONE THAT AUTOMATICALLY RE6ISTERS By Gene Fawcclle HIGHS AND LOWS BVTlNY INDICATORS IN EACH OF ITS me MM, fUSH OF national Nickel at On the Amex, Canadian Jave- lin was up Vi at 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 V4 higher. November rapeseed was 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 Vi to !4 higher in a light commission house trade. Friday's volume of trade was bushels of flax, buslicls of rye, and bush- els of rapeseed. Mid-session prices: Flax: Nov. 7 higher Dec. higher May higher July higher Rapeseed Vancouver: Nov. higher 2.92A; Jan. 1 higher March 1% higher June IVi higher 2.78V4B. Rapeseed Thunder Bay: Nov. 1 higher 2.60B; Dec. higher May 1 higher 2.67; July higher 2.64B. Oats: Dec. higher May Vi higher July lower 953'BB. Barley: Dec. Vi higher 1.27A; May higher 1.30A; July higher Rye: Dec. Vi higher 1.27V4B; May higher 1.34A; July V4 higher 1.34. Massey-Ferguson strike over TORONTO (CP) About 300 members of the United Auto Workers voted 83 per cent Sun- day to accept a new contract from Masscy-Fcrguson Ltd., ending a six-week-long strike at plants in Toronto and Brant- [ord, Ont. A spokesman for Masscy-Fer- guson said employees are ex- pected to return lo 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 ill bring the average wage lo an hour for a 40-hour week by the end of the agreement. Hog prices EDMONTON (CP) Aver- age prices lo 11 a.m. provided >y Ihe Alberta Hog Producers Marketing Board: Edmonton: 37.75, average Friday, 30.85. Red Deer: 36.05, average Friday, 36.99. Calgary: 37.05, average Friday, 37.10. Lethbridgc: N i 1, average 'Yiday, nil. Lloydminslcr: Nil, average Friday, nil. Fort Mnclcod: Nil, average riday, nil. Grande Prairie: Nil, average Friday, nil. Fail-view: Nil, average Fri- day, nil. Total hogs sold 620, hogs sold Friday Average 37.40. Price sows LIFE INSURANCE ___________ _ _ (Initial Amount) (20.Yenr Decreasing ConvertIblo Term Iniurance) IT WOULD PAY YOU TO COMPARE THIS WITH ANY OTHER TERM PLANI MONTHLY PREMIUMS (P.A.C. ".tin) Ago Afle Ago Ago Age KEN BELSHER OCCIDENTAL LIFE 439A HOLIDAY VILLAGE 320-0944, Rti. 328-0994 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by DoherLy, McCuaig Limited) LAST HID OR SALE Quotes) a.m. Quotes) i.m. Quotes) WESTERN OILS Almlnex Alia East Gas Asamera Ashland BP Canada Can Soulh Cdn Ex Gas Homestd Hud Bay Pfd 5.95 Hugh Russell Oil Husky Oil B Husky Oil War 17.37tt Inler Prov Pipe 11.75 Mutual Gr 7.75 Inter Prov Sleel Nat Res 59.00 Gr In Shorn 435 4.79 47.25 Gr Equity 8.53 9-37 17.12'A Invesl Gr V 12-44 13.40 42.25 invest Mulual 5.00 Mutual Ac Kaiser Res LoblCW Pld Cdn Ind Gas Oil Pacific Pete 2.15 32.00 N W Cdn H W Gr Cdn Super Cdn Long Ii Charter Chlellan Dome Pete Gt Plains Gt Cdn ON Lot hi el Noble Mines North Cdn Oil Numac Pancdn Pete Pan Ocean Pelrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Seibens Tola! Pele Ulster W. Decalla West Pele 53.75 .3B 4.30 14.75 40.00 Rainier Sand we 11 Teledyne West Cdn Seed White Yukon WesKleld 8.35 Weston Ffd 2.18 2.53 6.90 CALGARY Acroll Borons Oil NorJh Cant Went Warner 12.00 UO 63.00 .95 .E5 5.75 MISCELLANEOUS INDUSTRIES Aquitaine 26.00 Drinco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnesl Ind Cygnus A Cygnus B Falcon Copper Gcnstar Home A Home B Hud Bay Co Hud Boy Oil IB.iO 14 50 16.62V? PIPE LINE STOCKS 1.27 Alia Gas A 16.00 Alia Gas Pref 71 00 Alta Net Gas .52 Inland Nat Gas 27.25 N and C Gas N and C B .70 Pacific. Trans Gaz AAelro B.60 GHZ Metro A 1.06 Tr Cdn P 6.35 Trans Cda B 10.50 Trans Cda A Trans Cda War WC Trans WC Trans Wh United Ac Universal sav Vanguard VANCOUVER MINES Alton Atlas Explor Balh Norse 1 Brenda Churchill Copper Croyden Davenport Dankce Dally varden Dynasty Equlloral Forl Reliance Giant Mascot Graisle Lornex Lytlon Minerals i.BS 6.43 i.17 6-7? 4.74 5-11 7.4? B-19 5.4J i.PP 6.06 6.66 4.94 5.42 6.99 7.27 8.27 8.9fl 5.63 6.24 8.05 8.64 8.76 9.60 .53 20.00 12.00 11.50 26.00 13.25 4.75 6B.OO 46.75 39.75 Pyramid .39 B6.75 Silver Standard .66 13.25 Texmonl .34 Valley Copper 7.20 4.BO INDUSTRIAL MUTUAL FNND5 Block Bros 2.60 All Cdn Com B.43 9.21 B.C. Sugar 20.00 AM Cdn Divid 9.22 10.03 B.C. Sugar Hd 15.00 35.00 All Cdn Vent 4.27 4 67 Capt Inter 340 Amr Gr F 6.54 7.IB Col Brew 3.35 3.45 F Ind 3.40 5.19 5.65 Hys 7.11 781 Key Indust .54 15.16 16.66 Pacific W Air 23.25 25.50 6.00 7.00 11.75 AGF Special Cdn Invest F Ccl Mulual Cmnw Inler 16.0D Cmnw Lev Cmnw Vent 38.50 Corp Invesl 17.50 50.50 .20 4.62 Stampede Res fl.23 9.04 OILS __.r 4.16 6.74 Albany Oil Corp In SI F 5.31 5.BO Plains Pete Dreyfus F U.S. 13-31 14.57 West Explor Toronto mines., industrials (Supplied By Richardson Secnrllies of Canada) LAST BID OR SALE a.m. Quotes! a.m. Queues) or.00 a.m. Quaint MINES Acme Asb. Akailcho Bralorne Broulan Bethlehem nswitk ___ N.W. Land Canada Tung. Cassiar Central Pat. Chimo Con west Cons- Rambler Coin Lake Cochenour Craigmonl Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malarlic East Sullivan Fa I ton bridge Frobex Firsl Marllimes Giant Y.K. Bovis Granduc Headway R.L. Hollinger Hudson Bay M-S Hydra Ex. Iron Bay Iso Jolfel Quebec Ksrr Addison Key Anacon Labrador Lake. Shore Langis Silver Madson R.L. Malarlic G.F. Marlin McNeely Maclntyrc Meta Midrlm Intern Mogul Nu Wesl HomeJ New Alhona New Calumet W. Horse Copper Noranda Norlhgati Nor I ex 1.35 .50 2.20 .28 3.M fi.05 1.44 .11 Vi 1.25 1.01 5.50 3.30 .10 .37 5.75 2.25 .OJ .tA. .40 .38 .65 2.07 .55 .3d .42 6.60 2.00 3.M .02Va .Jl .18 3.S5 .71 27.75 36.75 3.10 .09 1.02 .39 5.90 Osisko Pine Point Placer Dev. P.C. Exp- Quebec Man Rayrock Rodiore. Rio Algom Roman Corp, Snerrill Gordon Silver Miller SJeep Rock Tek Corp. Texmont Upper Canada Western Mines Wright Hargreaves .90 Willroy 1.37 Windfall .09 Yellowknlfe Bear 3.35 Zenmac .OSVa INDUSTRIALS 1.55 4.90 2.73 2.36 Dofasco Cofcle Ford ot Am Grl Cdn Oil Gen Motors Grt Lakes Pp Gull Oil Cda Greyhound HawKer Sid Huron Erie Hiram Walker imp Oil Imasca In! Nickel Int Pipe Inv Grp A mt Ulil Ind Accept Kaps Laurenlide Kelly Doug A Loeb 3.4C Abltlbl 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 ,33 9.10 .17 dO.OD 2.25' .55 .74 .09 41.00 .13 11.75 9.'S .11 .23 2.32 37.50 4.75 9.50 Massey Ferg McMillan Bias 12.25 Moore Corp Molsons A 5.75 Molsons B Norlh Cent 44.62 Va Power Corp Price Co. 57.50 Rolhmans 19.00 SI. Law Corp 10.25 Shell CDA Simpson's 39.00 Simp Sears Steel of Cda Cdn Brew 5.25 Selkirk A Chemcetl 3.35 Texaco Col Cell .70 Traders Grp A Calgary Power 26.50 Trans Mtn Pp Coron Credit 1.75 Trans Cda Pp C.W.N- Gas Pfd Union Gas Cdn Ind Cdn Marconi Cdn Vlckera Chrysler C.P.R. Comlnco Cons Balh Cons Gds Dist SeagramJ Dom Bridge Domlar Dom Tcxlile Dom Stores Dom Pele 16.00 Unk 5.00 Versatile Mfg 11.00 Weslcel Union Car 14.75 Weslon's B Woodward's A 15.50 West Cdn Seed 17 Zenith Elec Sfi.75 BANKS 31.25 Cdn Imp 17.25 Montreal 9.75 Nova Scolla 15.00 Royal 40.00 Tor-Dom 27.62V; 19.25 74.00 fl.15 16.25 35.50 22.50 3.TO 31.75 <9.50 42.25 27.87V2 31.00 27.50 10.75 Vz 20.62V3 13 M 7.75 3-90 21.00 IS 4B.75 29.75 29.00 11.50 11.75 19.00 54.25 30.37'A 41.75 11.50 54.75 23.00 46.71 1204 16.71 6.12Vi 22.50 15.50 20.00 29.00 4.75 2.70 29.00 20.50 39 75 37.00 Neiv York stocks (Supplied By Richardson SecnrilifS of Canada) Amr T and T 51.00 Montgomery Ward 29.25 20 Golds 175-76 up .31 Anaconda 19.25 Sears 115.50 10 Base Mel 832-1 off .18 Beth Steel 29.00 Texas Gulf 15 W Oils 261.07 up .87 Chrysler 3S.tO.Vi Texas Co 37-H Volume Comsal Wickes Corp 27.00 uclu vnB1_ Duponl Woclworlh 35.00 NEW YORK AVERAGES Westlnghouse Elec 30 Indus! off .90 ..i. 2JSO U.S. Steel 31.50 20 Rails 227.52 off .07 Gen Tel Elec 30.75 15 Utilities 121.96 H.C. it Harvcslcr TORONTO AVERAGES 65 Slocks 327.50 .19 Kenn Copper 22.75 20 Indust 210.-U up .36 Volume Livestock report Calgary livestock CALGARY (CP) Receipts o 11 a.m. on the Calgary Live- lock Market were 400 head, uainly cows and steers. Trade vas active. Slaughter steers sold steady, ondition considered. No strict- v choice kinds wore offered. Heifers sold steady will no hoice kinds on offer. Cows vcro mostly medium and can- ier kinds mlh all grades sell- ing steady. Low choice steers 35.25 lo 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 lo 24.50, medium 21.50 to 23.25, canners and cul- lers 17 lo 21. There were Insufficienl re- placement cattle or stock calves on offer to establish n market. Hogs average base price 37.05. REQUIRES Commission Salesmen in the following areas AUTOMOTIVES 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 Shoring Apply at Personnel Dept. 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 Volley 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 the issue to court if Seattle Light does not accept his deci- sion to cancel the flooding. An agreement was signed be- tween B.C. and Seattle City Light in 1967 under which the utility is to pay annually for 99 years for the right to flood acres of the Skagit Valley by the raising of the E.OSS Dam, just south of the U.S. border about 90 miles east of Vancouver. Dividends By THE CANADIAN PRESS Greyhound Lines of Canada Ltd., 17 cents, increase of two cents, Deo. 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 Goodcrham anil Worts, 30 cents, Jan. 15, record Dec. 15. SPACE SHORTAGE VANCOUVER (CP) -A 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 Really Ltd. He foresaw a short- age of about square feet in 1974 and "close to a million square feet in 1975. 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 fCP) 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 patenl 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 pat- 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. Mondey, 20, 1972 THE LETHBIIDCE HfKALS 19 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 cucb 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 5140 million Kootenay Canal project on the Kootenay River between Nelson and Castelger, "because power development has been going on so long there we don't even know what the river is like in Its natural state. He told about GOO 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 580 million in 1968 to million this year, he said. Government royalties were to be increased by ?70 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 35-per-ceat in- crease in its rates while having ?34 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 in Bangladesh, as a personal gift from Bangladesh Prime Minister Sheik Mujibur Rahman. She accepted the car Saturday at the Bangladesh Asian International Trade Fair in New Delhi. 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 hod.i, Lfehl ,1, _ 3" 4W 4 mm In 4 ihadn. Light Ook Bulky _ Cloulc -Wal- nut gauge. 3 colors to choose from. Special, per tila SPECIAL, EACH DECORATOR WHITE CEILING TILE INSULATION Zonolire Attic Fill 3 cu. ft. bag. Per bog "55 Fibreglas Insulation R7 Per roll 6.29 WEATHER-STRIPING RCR weatherstrip for doors Angle Seal per let. Per Set FIREPLACE SPECIALS iq. ft. artgn. 6" carry a full line of Ercokt, fireplace lools, screens and ac- cessories in SwedisS Iron An. lique Hammeied Erase Polish- ed Brass Black and Brtrn. HCR Door Thmholdi. Each........ CAULKING CAULKING GUNS Skeleton lype. Each CAULKING COMPOUND Grey or white. Tube 1.79 1.99 49e SPECIAL 1-PC. SET OP TOOLS Blatk Brass Poker Brush. SPECIAL, SET I'.75 FIREPLACE WILDFIRE TOTEM SPECIAL SWEDISH IRON FIREPLACE SCREEN 36" x 2E" 29.95 FUEL SPECIAL, CARTON Not Exactly COMBINAHON DOORS 1U" heavy duly aluminum. Complete with spring chain, lock, door closer AA Ap ond wealhestripping LOGS 1.69 FIREPLACE COAL 40 Ib. rhene Brg 1.59 C01D 34.50 ROUGH SPRUCE PLYWOOD 4.19 Exlericr No. 1 grade Per sheet Ejlerior No. 1 Per iheel STANLEY BERRY AUTOMATIC GARAGE DOOR OPENER Opens ond closes your garage doors as you sit in your car. Locks doors, shuls off lights. Operates on new or existing single cfoubfc doors. Solid state radio. Easy in si a tion. One year I84.9S STANLEY BERRY ONE-PIECE STEEL GARAGE DOORS 9' x T Compacts wlrh hardware. 71.95 W E L P W O O P MEDITERRANEAN SERIES EMBOSSED CANNON CRAFT INTERIOR SHUTTERS Adjustable louvres I Clear pine construction for painting or itaining I Clear mahogany for training Widths 6" 7" 8" 9" Lengths from 16" to 36" RICES STAItT AS IOW AS EACH 1 WOOD PANELLING Monte 5 4'xB'-4 mm. Eldorado Walnut, Monterey Oak, Moreno Rosewood, fljj Topaz Pecan, Aztec Walnut. Reg. 6.95, SALE ROUGH FIR PLYWOOD Exterior No. T j IA arade. Per thccl 7 a'xB'-V Exterior No. 1 m nn grade. Per ASPENITE CHIPBOARD Pcnhcel......3.69 CALIFORNIA CRESTLINE BUILDERS MARKET LTD. "ItTHBRIOGE 5 INDEPENDENT BUIIDING SUPPIY HEADQUARTERS" 123 30th St. N Phono 337.5J44 or use Crestline's Budget Plan ;