Lethbridge Herald, The (Newspaper) - November 20, 1973, Lethbridge, Alberta
Toronto market prices record sharp decline TORONTO Prices Ml sharp- ly on Uw Toronto stock market following the trend at New York. Declines outnumbered advances by almost five to one at Toronto and the industrial the major indicator of market fell 1.58 to 219.66. Base metals were down 2.23 to N.H and western oils l.M to Golds rase 2.16 to 294.32. 'The decline at Toronto followed .Monday's the largest in more than six months. The New York market to- day continued to take heavy losses following Monday's 11-year record loss in the ttow Jones industrial average. at Toronto by It a.m. was 436.000 shares compared with 608.000 at the same time Monday. Declines totalled 301 against 63 with 160 issues unchanged. paper and steel and bank stocks were among sec- tors of the recording the largest declines while trust and loan Is- sues were slightly higher. Falcoribridge Nickel Hudson's Bay Oil and Gas to Consumers Distributing to MasseyFerguson to and Slater Walker Canada ft to Placer Development lost 1 to Hudson' Bay Mining to and Dynasty to United Canso was off Vi to Ranger to and Pan Ocean to Na-Churs International rose to Denison Mines to and Upper Canada Resources 15 cents to S3 35 MONTREAL Prices dropped in light trading on the Montreal stock market today Combined volume on the Montreal and Canadian stock exchanges at ll a.m. was compared with 325.700 at the same time Monday. Banks fell 3.41 to the com- 1.66 to the industrial index 1 61 to utilities one to 142 45. and papers .95 to 138.16. On the Montreal Stock Great Lakes Paper fell one to Imasco one to Moore Corp. to Hudson Bay Mining and Smelting 'to and Dome Petroleum to On the Canadian Stock Mount Jamie Mines fell one cent to 25 cents on 11.000 shares traded. Chicago markets CHICAGO Soybean futures prices advanced sharply and livestock and pork belly prices also were up on the major commodity markets Monday. In New higher prices were posted by world sugar and potatoes Grain and soybean prices opened higher on the board of trade after a strong close Friday. the ad- made in the grain pits were trimmed at mid-morning after an agriculture department announcement the Soviet Union may have no need to import grains next year. grain prices held up well and closed up a few cents for almost all operations. Soybean futures were strong all day and shortly after the opening advanced by almost the 20-cent limit. At the Mercantile livestock and pork belly prices closed steady to firm. Egg closed on an irregular tone. There was active trading on the sugar spurred by Spain's purchase of tons of refined sugar and reports of heavy rains in Colum- bia. C rain quotations Dec Mar May Jul Sep 3.50. Dec Mar May Jul Sep Dec 2 237. Oats- Dec Mar May 1 Jul Sep Winnipeg grain WINNIPEG Rapeseed prices continued their upward swing at mid-session on the Winnipeg Com- modity Exchange posting gains of as much as six cents in a general volume of trade. Flax prices fluctuated slightly in a dull oats and barlev were almost totally ignored and rye declined slightly in a light commission house business. Monday's trading volume was 000 bushels of 20.000 of of barley. 1.459.000 of rapeseed and of rye. Mid-session prices. Flax. Nov. not Dec. 2 higher May 1 lower July 2 lower 938A. Rapeseed Nov. 2 higher Jan. higher March 2 higher June higher 52SA Rapeseed Thunder Nov. 4 higher Dec. higher May 6 higher July unchanged 4.76'AB. Oats Dec. not May Vj lower July 1 lower 1.53'AA Barley Dec.. May and July not Dec. 2 lower May 1'6 lower July l'-i lower 2.56A. WINNIPEG Grain Monday basis High Low Flax Nov 1026 Dec 1020 1000 May V73 953 Rapewed Nov 532 Jan 528 Mar 5J4Vi Jun RaptMed Thnder Bay Nov 478 473 Dec 477 May Jly Oali Dec May fly lift 154tt Barley Dec May fly lye Dec May 2ff INV4 lly M S7U quotes Close 1000 953 se 531 SS7U 478 477K 493 167 157 IMtt BO Ml 88 MOU 87U MetaU LONDON CkMWf M-Mk in poundi itcrllnf metric flhw In pence a troy Copper-Spot futures Tin-spot futures Lead-spot J04.MOJ. Zinc-spot 9M-M7. SUver-lpot 3 months NEW YORK Print were lower but stable on the stock market today in heavy trading assessed energy problems and looked for a few bargains. The noon Dow Jones average was down 1.43 at 8S4.23. The index bad recovered somewhat from earlier when it was off nearly 10 points. Trading was heavy and declines broad- ly outnumbered advances roughly C to Most Canadian issues on the New York exchange were lower. Alcan was down to Massey-Ferguson Vt to Canadian Pacific ft to and International Nickel to 133. Dome Mines gained to llMUi. On the American Quebecor lost to Scurry Rain- bow was unchanged at VANCOUVER were mixed in light trading on the Van- couver Stock Exchange Monday. Volume was shares. The leader in InduttruUi was Specalaton up .06 at 11.16 on Mt EDP wai up .01 at XI on Block was down .05 at 35 on and International visual traded at .17 on dura. Colombia Brew feU .10 to H.N and Hobnwfh wai down .05 at In the Cntlau fell .07 to 11.33 OB M.SOO stores. Gold River row .10 at 11.22 on riiares. Green Eagle was down .01 at .23 on sham and Cop-Ex was up .01 at .41 on shares. Brown Overton wai unchanged at .24 and Accent Resources rase .01 at In the Plains Petroleum traded at .M on snares. Alaska Kenal rose .10 to on shares. Concept was up .45 at 13.55 on shares. PRP Explorations rose .03 at .93 on shares. Vargas was down .01 at .14 and Rose Pass was up .01 at .39. Livestock Calgary CALGARY Receipts to 11 a.m. Tuesday from the Calgary public stockyards totalled about 1.200 mostly cows and stock calves. Trade was active. Slaughter steers were in short supply selling fully steady to strong. Heifers were very scarce with a few good heifers selling steady. Cows were mostly in the lower grades selling at fully steady prices quality considered. Steers. Al and 2 45.50 to A3 and 4 41 to 45. Heifers Al and 2 42 to A3 and 4 38 to 41.50. Cows Dl and 2 31.50 to 33. D3 30 to D4 25 to 30. Replacements were mainly stock calves meeting a good demand at steady prices. Replacement cattle were mostly yearling steers in the Hog prices EDMONTON Average prices to 11 a m. Tuesday provided by the Alberta Hog Producers Marketing Board with Monday average in Edmonton. 53.30 Red 53 10 Calgary 5415 Lethbridge- Nil Lloydminster Nil Grande Nil Fairview. Nil Total hogs sold to 11 a.m. Mon- day 5.355. average 53.45. Sows average 40.20. There were no cattle sales Monday due to the weekly sale of weaner and feeder hogs. Sales 500 hogs. All classes of weaner and feeder hogs meeting fair demand. Weaners about steady. Light feeders under 100 Ibs to higher. Heavy feeders steady. Weaners to 20.75 per head Light feeders under 100 Ibs to per head. Heavy feeders 100 Ibs. to 130 Ibs. to 46.50 per head. Heavy feeders over 130 Ibs. to 55.50 per head. Light feeders under 100 Ibs. sold 29.45 to per hundred weight. Heavy feeders over 10Q sold 35.35 id 40 60 per hundred weight Bred sows to 152 50 per head Boars to per head. Butcher hogs sold Monday at the Lethbridge yards 53.55 to 53.60 base price. Altorta grain EDMONTON Grain prices remain strong today and buyers are looking for feed grain. If you are in- terested in selling feed oats or barley including tough or. you should list immediately with your nearest feed grain exchange. In the Lethbridge area bids are wheat 2.85 to oats 1.10 to 1.60 and barley 2.05 to 2.25. The Medicine Hat-Brooks buyers ad- vise wheat 2 80 to oats 1.25 to 1.35 and barley 2 10 to 2.25. Calgary and district bids are wheat 3.00 to oats 1.10 to 1.30 and barley 2.00 to 2.25. Red Deer reports bids on wheat 3.00 to oats 1.10 to 1.20 and barley 2.00 to 2 10 At Vermilion prices did not change with wheat 2.50 to oats 1.10 to 1.30 and barley 1.80 to 2.00. Edmonton and district prices ranges were wheat 3.00 to oats 1.10 and 1.40 and barley 2 00 to 2.15. The reported ranges from the Peace River area are wheat 2.50 to oats 1.15 to 1.35 and barley 1.80 to 2.25. Edmonton and district prices ranges were wheat 3.00 to oats 1.10 to 1.40 and barley 2.00 to 2.15. MONTREAL mid-day' foreign exchange nominal selling rates supplied by the Bank of Australia dollar Denmark kroner .1730 France franc financial .2290 Germany mark .3920 Italy lira commercial .001740 Japan yen .003610 Spain peseta .01775 Switzerland franc .3210 United States dollar .9195 United Kingdom pound 2.41 U.S.S.R. ruble 1.4039 Quotations in Canadian funds. Dollar valiia MONTREAL -US. dollar in terms of Canadian funds at noon Tues- day was up 2-25 at 43-50. Pound sterling was up 1-35 at 12.38 71-100. In New the Canadian dollar was down 2-25 at 7-50. Pound sterling was down 3-20 at 1-20. futures WINNIPEG Live beef dote Monday. Nov Jaji Mar May 51.NA. Friday's six Qold WINNIPEG Gold U.S. Winnipeg Commodity Ex- change clote Monday. Jan 74 Apr 74 M Jly 74 Oct 74 71 10J.40B. lighter weight range selling steady for quality. Good feeder steers under 750 pounds SO to 58. Good feeder heifers more than 550 pounds 38 to 43. Good feeder cows 29 to 37. Good stock steer calves more than 500 pounds 55 to 61. Good stock heifer calves more than 500 pounds 45 to 50 Hogs fob Calgary to 11 a m average base price 53.15. Fort Mac.tod FORT MACLEOD On offer by Fort Macleod Auction Market last week were head of cattle and calves. On Tuesday head of slaughter and feeder cattle sold very actively. Prices staying realtively steady with last week. Choice steers medium steers overfinish- ed steers and butcher bulls 42-44. Choice heifers medium heifers overfinished heifers good cows medium cows 30-31.25. canners and cutters good balogna bulls 35- medium bulls Good short keep feeder steers 950 good yearling steers to 850 47.50-52 20. Heavy feeder heifers to 675 to 775 41- good feeder cows with heifery kinds to 38.50. On good quality ranch calves sold very active with top steer calves selling as high as per hundredweight. Heifer calves also strengthened with replacement quality heifers over per hundredweight. Choice steer calves to 475 to 550 58- 64- choice heifer calves to 475 with replacement quali- ty to 60 Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise ircents. Dec. 2fi. record Dec. 11. Anglo-Canadian Pulp and Paper Mills per cent 28.125 Feb. record Jan. 31. C and C Yachts 10 an increase of two annual. Dec. record Dec. 15. Caaadlaa Marconi 7.5 an increase of 2 5 semi-annual. Dec record Nov 30 Cassidy's Dec. record Dec. first pfd.. Scries Jan. record Dec. 14. Inter-City Gas six semi- first following stock split. Dec. 15. record Dec. 1. M. Locb three cents. Dec 31. record Dec 14 Penninglons's Stores Ltd. seven cents. 31. record Dec 14. Sangamo Co. 50 plus a special dividend of 50 cents. Dec. record Dec. 13. George Weslon 28 an increase of 2'2 cents. Jan 1. record Dec- 7 Earnings By THE CANADIAN PRESS American Eagle Petroleums nine months ended Sept. 1973. 000 loss. 9-10 cents a four cents. British Columbia Telephone nine months ended Sept. 1973. a 1972. 62 Federal Ploieer nine months ended Sept. 1973. a share. 1972. KeatiBf nine months ended Sept. 1973. profit. 14 cents d share. 1972. loss. 80 cents Niagara Wire Weaving Co. six months ended Sept 1973. qp a 1972. Ntrtkwest Sports Eaterprlscs three months ended Sept. 30 100 nine cents a 1972. 12 cents VICTIM of the drosfht In West undernourished baby ii s member of the Taaref tribe IN Niger. An estimated one million women and children have already died la a ilx-natton area as large as the United Herald- 17 Business Stocks Miscellaneous Montreal by 11 A.M. QUOTES WESTERN OILS AND MINES Aden Mines 8.15 Albany Oil .87 Almlnex 7.00 Asarnera 12.75 Ashland .13.00 Alta East Gas 7.7S BP Canada 13.87'A Bwnda Mines 8.25 Can South 5.30 Cdn Ex Gas 4.10 Cdn Homestd 7.35 Cdn Ind Gas OH .20 Cdn Long Is 9.25 Chieftan 11.00 Cdn Super 57.00 Dome Pete 37.50 Dynasty 11.50 Fort Reliance .22Vi Giant Mascot 2.80 Gibraltar Mines 11.62V4 Granlsle 9.25 Gt Plains 29.00 Gt Cdn Oil S 9.80 Lochiei 2.85 Lytton Win 1.41 Noble Mines 1.00 North Cdn Oils 6.55 Numac 16.50 Pancdn Pete 14.25 Pan Ocean 16.75 Petrol 1.80 Pinnacle .21 Place Gas .58 Ponder .60 .Ranger 31.25 Scurry Ra'n 21.50 Seibens '15.75 Spooner .36 Total Pete 6.65 Ulster Pete 1.17 United Canso 21.25 West Pete 6.50 West Decalta 7.40 MISCELLANEOUS INDUSTRIES Acres Ltd 12.00 Aquitame 24.8714 BC Sugar Pfd Block Bros 3.25 Cdn Pac Inv A Pfd Com Cap Corp 2.70 Carlmg O'Keefe A Pfd 25.50 Carlmg O'Keefe B Pfd 30.25 Crestbrook Ind 9.50 Crowsnest Ind 30.50 Falcon Copper 12.50 F and M Trust Co Genstar 18.37Vi Global Com Unit 44.00 Home A 53.25 Home B 48.00 Hud Bay Co 19.50 Hud Bay Oil 43.75 Hud Bay A Pfd 53.00 Hugh Russell 54.00 Husky Oil Husky B Pfd 42.25 Husky D War 10.87V4 Husky E War 12.50 Hys of Canada 3.95 Inter Prov Pipe 8.30 Inter Prov Steel 13.37V4 Kaiser Res 4.40 Loblaw C Pfd 27.25 Magnasonics 7 75 Pacific Pete 32.50 Pac West Air 8.12V4 Re-Ben Oilfield 6.75 Rainier Inc 4.62V4 Royal Trust Sandwell Tetedyne West Cdn WestfieM Mln Weston A Pfd While Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas Gaz Metro Gaz Metro A Pfd N and C Gas N and C B Pfd Pacific Trans Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans Wts 27.25 6.00 4.45 5.25 1.28 10.25 11.B7V4 68.00 16.50 9.50 5.12V4 67.50 11.00 23.00 10.87 Vi 34.25 63.12V4 38.00 6.55 20.75 4.05 CALGARY Acroll .65 N. Continental .01 Vi West Warner .30 VANCOUVER MINES Atlas Explor .33 Bath Norse .80 Dankoe 1.95 Davenport .35V4 Dolly Varden .21 Equltorial Res .15 Lornex Primer .09 Pyramid .13 Silver Stand 1.06 vaiiey Coppei 0.75 INDUSTRIALS Colum Brew 2.85 Key Indus .17 Wardair 2.00 OILS PRP Explor .93 Plains Pete .24 Ponderay Explor .76 Stamp Intl Res .80 MUTUAL FUNDS All Cdn Com 6.78 7.37 All Cdn Div 7.19 7.82 All Cdn Ven 3.65 3.97 Amer Grow Fund 5.12 5.63 AGF Special 2.65 Cdn Invest Fund 5.14 5.63 Collect Mutual 5.64 6.19 Com Inter. 13.94 15.31 Com Leverage 3.49 3.63 Com Venture 6.57 7.42 Corp Investors 6.40 7.03 Corp Invest S F 5.24 5.76 Dreyfus Fund US 10.86 11.90 Great Pacific 4.70 5.14 Grpd Income 3.39 3.73 Grow Equity 7.63 8.38 Invest Grow F 12.41 13.56 Invest Mutual 5 90 6.56 Mutual Accumulating 6.19 6.81 Mul Grow F 3.30 3.67 NW Cdn 5.60 6.15 NW Growth 4.68 5.14 Principal Grow 4.70 5.16 Provident Mutual 7.74 8.47 Royfund 6.91 7.19 Temple Growth 7.66 8.39 United Accum 4.94 5.43 Universal Savings 8.11 8.92 Univest -.6.21 6 82 Vanguard 6.42 Toronto industrials by Richardson Securities of 11 A.M. QUOTES Trac Tel Advocate Asb. Akaitcho Bralorne 1.08 1.60 BC Forest BC Sugar A Bow Valley Ind fnhla Bethlehem Bovis Brunswick Can NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour 2.05 5.35 7.30 3.0S 11.37YS .90 1.02 4.55 2.95 .12 CAE Ind Carling O'Keefe Chemcell Cdn Cellulose Cal Power Coron Credit CWN Gas Cdn industries Cdn Marconi Cdn Vickers Chrysler PPP Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery 3.10 48.25 103.00 Cominco Cons Bathurst Cons Gas Dist Seagrams Dominion Bridge East Malanic East Sullivan Falconbndge 2.55 70.75 Dom Textile Dom Stores Dome Pete DofsscQ First Mantimes Giant Y.K. Granduc Holllnger Hudson Bay Hydra Ex. Iron 8.25 3.60 46.25 26.00 .25 Cdn Oil Sands Gen Motors Grt Lakes Paper Gulf Oil Cda 'Greyhound Hawker Sid Hiram Walker ISO Jollet Quebec Kerr .22 Erie Imperial OH Key Anacon Labrador Lake Shore Langls Silver Madsen R.L. Malartic 45.00 2.70 .05 1.11 inl Nickel Int Pipe Inv Group A IU International Indust Accept Martin McNeely Maclntyre 56.50 Kelly Doug A Laurentide Midnm Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Nortex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherntt Gordon Steep Rock Tek Corp. Texmont United Canso Western Mines W. House Copper Mines Wright Hargreaves Wlllroy Windfall Yellowknlfe Bear Zenmac 11A.M. QUOTES INDUSTRIALS Abltlbl Alcan Aigoma Steel Atco tad Jannock Agra Ind 9.30 9.12V4 .11 4.85 .46 36.50 23.50 1.25 .13 .96 .28 32.00 12.87 V4 1.90 3.70 .21 20.75 3.25 3.15 .80 1.07 11 4.90 .08 12.37H 35.75 20.00 1S.62Vt Loblaw A Metropolitan Mass Ferg McMil Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Rotnmans Shed CDA Simpsons Simp Sears Steel Canada Selkirk A Texaco Traders Grp A Trans Mtn Pipe TTrans Can Pipe. Union Carbide Union Gas Union Oil United Slscoe Versatile Mfg Westeel Westons Woodwards A West Cdn Seed Zenith Elec BANKS Cdn Imperial Montreal Nova Scotia Royal Toronto- Dom 18.25 53.25 15.75 21.00 31.75 16.50 9.25 4.25 5.37V4 6.25 22.62VJ 2.15 10.25 18.25 3.70 16.25 18.25 15.62V4 27.37V4 42.50 35.25 23.00 8.87V4 13.75 37.25 29.75 9.80 53.50 32.00 17.62V4 4.90 53.50 29.50 28.75 9.25 17.50 5.00 10.75 4.45 20.50 23.50 23.25 12.00 11.00 12.25 15.50 8.50 11.00 15.50 50.00 34.00 18.25 5.40 18.25 22.00 5.25 3.20 29.00 38.75 36.50 36.25 18OO GOING UP AND UP 120O Feet -9OO -6OO Eiffel Tower Pans 1056 Ft Office Complex Toronto 980 Ft. Empire State Building New York 1472 Ft. World Ostankino CN Trade Tower Tower Centre Moscow Toronto New York 1748 Ft 1805 Ft 1727 Ft. Tower will be tops When completed in the 1805-foot CN Tower in will be the tallest free-standing structure in the world. It will be 749 feet taller than the Eiffel Tower in Paris and 57 feet higher than Moscow's Ostankino Tower. It will be shorter than a television mast in but the mast is supported by guy wires. Energy crisis may lead to major market decline NEW YORK The stock market continued to take heavy losses today in the midst of what analysts called an The Dow Jones average of 30 which plunged 28.67 points Monday for its worst single-day loss in 11 tumbled another 9.48 points to 853.18 in the first hour of trading. Analysts said the persistent selling was prompted by ris- ing investor concern that an energy crisis might lead to a major recession next year. The Dow's drop on Monday was its fifth largest in history. It was the blue chip in- dicator's biggest single-day loss since May during a confrontation between the major steel companies and President John Kennedy. It dropped 34.94 points on that occasion. The more broadly based New York Stock Exchange index of common stocks fell 1.72 to its steepest single-day decline since its inception in 1966. Analysts said a further in- dicator of the broadness of the decline Monday was that an extraordinary number of New York Stock Exchange lost with only 198 making advances. energy crisis is very hard to quantify and investors are uncertain about said Alan Shaw of Upham and Co. one knows whether it means an all-out recession or Analysts said another factor in the major decline in the market was that the in- Gov't stabilization plans for feed ..IT. --.i grains necessary stitutions which dominate insurance com- panies and mutual stood aside during the energy crisis un- certainties and did not trade. institutions' normal reaction to this kind of market is to back said Monte Gordon of Dreyfus Corp. leaves only the selling pressure from individuals to drive the market Helping the decline Monday were indications from the Arab countries that their oil boycott to the United States may not end and reports from Washington on proposals to ban Sunday sales of gas- oline and limit the use of heating oil. really hit said Larry Wachtel of Bache and Co. Analysts noted that econo- mists have said that reduc- tions in the amount of energy available in this country could have significant negative effects on the Gross National product.. OSw Jortes blue chip in- difcator has fallen nearly 125 points since Oct. 26 in trading highlighted by volatile daily advances and declines. REGINA The federal government is com- mitted to introduction of a stabilization program that will assure proper income levels for Otto the minister responsible for the Canadian Wheat said Monday. Mr. Lang told delegates to the 49th annual meetings of the Saskatchewan Wheat Pool that Ottawa plans to have marketing of domestic feed grains carried out through open-market trading in 1974- rather than through the wheat board. system does not assure that prices will always be adequate. That's why we are committed to introduction of a. program that will assure over a period of time that farmers have an appropriate return for their relative to capital and One responding to Mr. Lang's said removal of even one aspect of Wheat Board control over prices and marketing was a wedge that could lead to dilu- tion of the central selling agency's effectiveness. Another delegate said farmers are prepared to see the things they've fought for taken Mr. Lang said the Wheat Board would still have control over export tran- sportation and knowledge of supplies. He said the purpose of a changed feed grains program is to provide equitable prices for feed grains across a policy the government is determined to you have suggestions to bring about equity that are better then our plan then I'll be happy to examine them with Mr. Lang also pledged government action to eliminate freight rate dis- crimination in Canada and to provide a grain storage plan paid for in part by the federal treasury. THE DALLAS HOTEL Proudly Presents the ALL GIRL TRIO Entertaining Nightly All Week New York by RlchanhoiiSeciirmef of left million Amr. Woohvorth 19.25 Anaconda 24.00 Westlnghoute Elec. 33.00 Beth. Stee4 U.S. Steel 32.50 Chrysler i8.SO Qen. Tel. Elec. 25.50 Comsat 45.25 TORONTO AVERAGES Dupont 180.85 20 219.37 down 1.97 General 53.75 20 QoMs 293.24 up 1.06 Gulf 21.78 10 Base 96.65 down 2.24 int. Harvester 26.00 15 Western 2M.49 down .25 Kenn. Copper Volume Montgomery Ward NEW YORK AVERAGES Sears 20 852.04 down 10.61 Sid. Oil Of N.J. 20 170.03 down 1.46 Gulf 28.2S 15 90.87 down .67 Co. 85 263.74 down 2.64 TORONTO John David the department store executive who died Aug. 4 at left his f2 their Toronto home and summer his ROBINS MITCHELL WATSON Architects Engineers wish to announce that Maurice S. P.Eng. has withdrawn from the firm. G. R. B. M.R.A.I.C. G. M. B. M.R.A.I.C. will continue to be associated In partnership as WWSOH ASSOCIATES HI W w Sbwt MMta TO 2D AND are pleased to announce that C. R. P.Eng. has become an associate of the firm Mr. Mitchell will continue to be associated with the firm until certain projects are completed after he may practise consulting engineering for projects of his own choice. Mr. Mitchell wishes to express thanks to his as- sociates and staff and to the many con- tractors and tradesmen with whom he has had the pleasure of working since 1944 when he began practice in Southern Alberta.