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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 24, 1972, Lethbridge, Alberta Stock market prices mixed TORONTO (CP) Prices on the Toronto stock market were mixed in fairly active mid- morning trading today. The industrial index, consid- ered a major indicator of mar- ket trend, declined .21 to 213.53 and base mevals .22 to 83.18. However, golds moved ahead .18 to 170.22 and western oils .07 to 264.12. Volume at 11 a.m. was shares compared with traded at the same time ThurS' day. Pipeline, real estate, banks, paper and forest and oil refin- ing were among sectors of the market recording declines, while food processing, construc- tion and material, commu- nication and steel were ahead. d v a nces slightly out- numbered losses, 129 to 114, and 214 issues remained unchanged. Fleet Manufacturing gained 10 cents to Steetley In- dustries to Texas Gulf to ?18, Kaiser Resources five cents to and Riley's Data- share five cents to Venpower fell 10 cents to Greyhound Computer 10 cents to Scottish York to Leigh Instruments VA to ?9 and Canadian Breweries to Acme Gas and Oil gained two cents to 29 cents, and Francana 011 to Consolidated Marbenor de- clined 16 cents to First Maritime two to 40 cents, Will- roy Mines five to and Ca- nadian Homestead Oils to MONTREAL (CP) Ad- vances outnumbered declines in heavy 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 at the same time Thursday. Utilities rose .64 to 158.09, in- dustrials .08 to 232.52 and the composite .07 to 222.95 while banks declined 1.39 to 278.25 and papers .13 to 93.33. On the Montreal Stock Ex- change, Royal Trust rose 1% to and Southam Press to while Rapid Data fell 1 to On the Canadian Stock Ex- change, Spartan Air Services rose three cents to 57 cents on shares traded. NEW YORK (AP) Blue chips strengthened today, but trading was slow due to the ab- sence of many investors on an extended U.S. Thanksgiving holiday weekend. The noon Dow Jones average of 30 industrial stocks was up 2.04 to Declines and advances were running about even among is- sues traded on the New York Stock Exchange. Pioneer Natural Gas opened late at off Houston Natural Gas, also on a delayed opening, was up Hi to The two companies said they had called off merger talks. Weslinghouse was active and up ITi to The company was chosen as the lead reactor maker for the United States' first big demonstration breeder nuclear electric power plant. Westinghouse beat out North American Rockwell, whose stock was down at and General Electric, whose stock was up Vs at The New York Stock Ex- change index of more than common stocks was off .01 to 63.93 at noon. On the American Stock Exchange, the price- change index was up .01 at 26.29. Grain prices Winnipeg Grain WINNIPEG (CP) Most prices were at least slightly higher in a fairly light trade at mid session on the Winnipeg Commodity Exchange today. Most trading was concentrat- ed in the oilseeds where flax was almost two cents higher in some futures while rapeseed prices fluctuated narrowly. Oats, barley and rye ranged from unchanged to one cent higher in light trading. Volume of trade Thursday consisted of bushels of flax, of rye. of Thunder Bay rapeseed and 2 of Vancouver rapeseed. MID-CESSION PRICES: Flax: Dec. 1% higher May 1% higher 3.47B; July 1% higher 3.44y4. Rapeseed Vancouver: Nov. unchanged Jan. 1% higher 2.90y8A; March Hi high- er 2.65; June 1 higher Rapeseed Thunder Bay: Dec. Vt higher May higher July 1 lower Oats: Dec. higher 97A; May Vi higher 97A; July higher Barley: Dec. Vs higher May unchanged 1.30A; July Yi higher 1.31A. Rye: Dec. higher 1.3014B; May higher 1.37; July 1 higher 1.36B. Grain quotes Thursday (basis High Low Close Flax Dec 341 339tt 340% May 345% 344 Jly 342% 342 342% Rapeseed Vancouver Nov 293% Jan 289% 288% 268% Mar 286% 283 283% Jun 279 278% 278% Rapeseed Thunder Bay Dec 265Vi May 273% 2M 272% Jly 269% 268% 268% Oats Dec---------------- May Jly 96% Barley Dec 127 May Jly 130% Rye Dec 129% May 136% Jly 135% 96% 96% 126% 130% 129 135% 135 96% 126% 130 130% 159% 136V4 135 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doheity. McCuaig Limited) LAST BID OR SALE l.m. OUOIK] a.m. Quoliil a.m. OintH) BOY SCOUT BOTTLE DRIVE SATURDAY MORNING Area south of 9th Avenue South and west of 20th Street South (ONLY) BEER BOTTLES POP CANS BOTTLES JUGS Your help is have them out or ready to go! WESTERN OILS (mifiex ..no E Gas Asamera Ashland BP Cdn Can South Cdn Ex Gas Cdn Homesld Cdn Ind Gas Oil 10.75 Cdn Super Cdn Long Is Charter Chleflan Dome Pete G1 Plains Gt Cdn Oil Lochlel Noble Norlh Cdn Oil Numac Pflncdn Pelt Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner selbens Tolaf Pefe Ulster 1. W. Decalta t. West Petft 10. MISCELLANEOUS INDUSTRIES Aquffaine 26. Brlnco 5. Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnest Ind Cygnus A Cygnus B Falcnn Copper Genslar Home A Home B Hud Bay Co Hud Bay Off Hud Bay Pld Hugh Russell 4.25 Husky Oil 8.15 Husky Oil B Husky Oil Wat Inter Prov Pipe 17.25 inter Prov Steel 15.25 7.75 Kaiser Res 2.15 3.85 Lofclnw Pfd 33.00 Pacillc Pete Rainier 56.00 sandwell .39 Tefedyne 4-05 Wesl Cdn Seed 14.75 While Yukon 39.25 Weslfield 33.00 Weston Pfd 3.3! CALGARY 2.35 Acrotl .84 t, 75 Barons Oil 1913V? North Conf .01 IS'OQ West Warner .33 1600 PIPE LINE STOCKS 1 30 Alia A 16.25 '32 Alia Gas Pref 70.12Vi "ei Alia Nat Gas 20.35 '57 Inland Nat Gas 51.00 17.50 42.75 5.10 12.25 13.75 5.50 3.55 11.75 1.16 28.621 .71 13.25 ff.90 N and C B Pfd Pacific Trans Gai Metro Gaz Metro A Trans Cda Pipe Trans Cda B Trans Cda A Trans Cda War WC Trans WC Trans WIs MUTUAL FUNDS 32.50 AM cdn pTvid All Cdn Vent 25.67V! Amr Gr F 6.25 AGF e.2S cdn Invest F 11.37'A Col Mulual 14.25 Cmnw Inler 40.50 Cmnw Lev 35.62% Cmnw Vent Corp Invest 53.30 Corp In St Gr In Sharet Gr Equity Invest Gr F Invest Mutual Mutual AC Mutual Gr F Nat Res N W Cdn N W Gr Principal Gr Roylund Temp Gr Uniled Ac Universal Sav Vanguard Univest VANCOUVER MINES Aflon Alias Explor Bath Norse Brenda Churchill Copper Croyden Dnnkoe Dolly Varden Dynasly EquMorial Fort Reliance Gianl Mascot Graisle Lcrnex Lytlcn Minerals Primer Pyramid Silver Standard -ai Texmont .30 Valley Copper 7.20 INDUSTRIAL 4.94 5.39 Block Bros 2.40 8.41 9.19 B.C. Sugar 20-00 9.20 lo.os B.C. Sugar Pfd isoo 4.30 4.70 Cap! Inter 3.40 6.61 7.26 Col Brew 3.35 3.47 Creslbrook F Ind 3.55 5.26 5.77 Hys 3.55 7.18 7.88 Key indust -M 15.23 16.73 Pacific W Air 23.00 4.25 4 67 Stampede Intl Res .61 B.34 9.16 OILS 4.19 6.7f, Albany Oil -73 5.35 5.05 Plains Pels 12.35 11.75 2S.50 13.25 5.00 6S.OO 46.75 40.25 06.50 l.n 8.7J 9.M 12.56 13.74 i.91 6.466 6.23 6.B5 4.7S J.24 7.59 8.30 5.53 6.03 6.16 6.77 5.00 SM 7.03 7.37 1.11 1M 5.77 6.34 5.1 I 8.91 Ol 9.H 6.14 .42 .66 3.60 .45 -OSVi .60 .31 7.80 .20 .31 5.45 6.35 6.50 1.06 .14 .35 58.12'A Dreyfus F U.S. 13.19 14.45 Wesr Explor Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. QUOTES) a.m. t.m. Quotes) MINGS .28 1.36 .50 2.00 Aci Advocate Asb. AKallcho Bralrjrne Broulan Bethlehem Brunswick Can. N.W. Una Canada Tung. Casslar Central Pal. Chi mo Conwest Cons. Rambler Coin Lake Coehenour Cralgmonl Dickenson Mines Denlson Mines Deer Horn D'Eldona Dome Mines Discovery Mines East Malartlc Eesl Sullivan Falcofibridge Frobex First Marlllmes Gianf Y.K. Bovis Granduc Headway R.L. Holllnger Hudson Bay M-S 19.50 Hydra Ex. Iron Bey 1400 3.55 fl.35 7.50 12.75 1.27 1.00 5.50 2.95 5.50 2.30 25.75 63.00 .65 2.05 1.66 57.00 6.50 2.05 2.85 2.50 J0.25 ISO Joliel Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langls Silver Madsen R.L. Malartlc G.F. Marlln McNeely Mela MFdrrm Nu West New Athona New Caiurnet W. Horse Copper Noranda r-rthgatt 3.65 3.05 22 9.10 Osisko Pine Polnl Placer Dev, P.C- Exp. Quebec Man Rayrock Radlore Rio Algom Roman Corp. SherriM Gordon Steep Rock Tek Corp. Texmont Upper Canada Weslern Mines Wrighf Hargreaves Willroy Windfall Ycllowknlfe Bear Zenmac INDUSTRIALS Abillbl Alcan Algoma sieel Alco Ind Allantk Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bw Val Ind i CAE Ind Cdn Brew Cnemcell Col Cell Calgary Power Coron Credit 40.25 2.51 C W.N. Gas Pld ll.i Cdn Ind -05 Cdn Marconi .56 Cdn Vickers .74 Chrysler .08% C.P.R. 43.00 Comlnco .10% Tons Balh .12 Cons Gas Dist Seagrami .11 Dom Bridge .23 Domlar 2.30 Dom Texllle Horn Stores 4.45 Dome Pete .21 Vj Dofaseo 27.62V, Cable 3B.JD Grt Cdn Oil 2.90 Gen Motors .08 Grt Lakes Pp 1.02 Gulf Oil .37Va Greyhound 17.50 Hawker Sid Hur Erie Imp Oil Imasca Int Nickel Inl Pipe Inv Grp A Int UMI Ind Accept Kaps Laurenlide Kelly Doug A .08 Loeb Loblaw A Met Stores fAessey Ferg 21.50 McMillan Blot Moore Corp Molsons A Molsons B Norlh B, Cent1 14 61Vi Power Corp Price Co. Rolhmans sr. Law corp Shell CDA Simpson's Simp Sears Steel of Cda S.12V: Selkirk A 3.30 Texaco .70 Traders grp A 2750 Trans Mtn Pp Trans Cda Pp Union Gas M.72W Union Oil 5.25 Versatile MFg 9.00 Westeel 39.25 Union Car 15.00 Weslon's B Woodward's A 15.75 W Cdn Seed Zenlfh Efec 38.75 s 31.00 BANKS Cdn Imp Monlreal 15.50 Nova Scolll 39.75 Royal 5. SO 1.74 -as 2.69 2.60 12.35 12.75 5.75 14.75 57.75 19.25 21.00 19.50 7.15 61.75 36.50 4.05 32.75 28.00 31.50 2B.12V1 10.75 20.75 10.75 13.50 3.70 7.00 21.75 23.25 49.35 29.75 29.00 11.6214 13.75 IT.50 14.00 19.00 54.62V3 43.50 34.35 12.75 56.00 22.50 23.25 47.00 12.62'A 10.00 6.50 23.00 16.00 30.50 29.50 6-37 W 2.70 29.50 M.87V4 3B.SO 37.75 New York stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Beth Sleel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper Monhgomery Wa Scars 1B.B7V3 X-Ron 31.75 Texas Gulf Texas Co 62.5i Wickes Corp 161.25 Woalworlh 20 Golds 176.83 up .70 69.00 10 Base Met 82.73 off ,67 llfi.H IS W Oils 2M.17 up .36 37.37Va Volume YORK AVERAGES Croation sailors seeking political asylum in Canada CORRECTION DELUXE SNOWMOBILE BOOTS Advertised on Page 15 of Wednesday, Nov. 22nd Paper Should have read MEN'S YOUTHS' AND BOYS' Siiot 6-12 Size. 1-5 13.97 12.97 Those snowmobile boots art In Canada Sorry for nny VANCOUVER (CP) Two Yugoslav seamen who said (hey jumped ship in Vancouver two months ago walked into the newsroom of the Vancouver Province Thursday and asked to be turned over to immigra- tion authorities. The men, Franjo Jaram, 2G, and Jozo Govic, 21, described themselves as Croatian nation- alists and said thsy are seeking a political asylum in Canada, Ten minutes after showing up at The Province, the two sailors were escorted to immigration department headquarters in Vancouver. They were released on the understanding tliej would report to authorities on demand, pending a decision on their request for asylum. They said they deserted the Yugoslavian freighter Solaris in Vancouver Sept. 22 and hid un- til Thursday because they dill not know what to do. The men flashed smiles o[ re- lief after being released in I he care of a Croatian interpreter. "I am very said Govic. "I will do any kind ol work to be able to stay here." APPEAL TO TRUDEAU Their request for political asylum was made in n telegram Thursday to Prime Minister Tnidcau nnd Immigration Min- ister Bryco Mackascy. Jaram, speaking through the interpreter, said he has a wife and baby son in Croatia and hopes they will be able to join him in Canada if he is allowed to stay. He said he served for IS months in the Yugoslavian armed forces but was jailed several times for expressing Croatian nationalist sentiments. Govic also has a wife afld a baby son in Croatia. He said he has written his family lelling them of his whereabouts. "They want me to stay here because I will not be able to help Jiem if I am in jail at he said. Greene named firm director MONTREAL (CP) Senator John J. Greene has been ap- pointed a director of Petrofina Canada Ltd., the company has announced. Senator Greene was federal minister of energy, mines and resources until his retirement, earlier this year. He also served as agriculture minister in the Liberal govern- ment o[ former prime minister Lester B. Pearson. SALESMAN REQUIRED Excellent opportunity for rig hi man with one of LeHibridgo's loading realtors. For appointment phont ART WILLIAMS, ART WILLIAMS AGENCIES PHONE 328-8184 Livestock report Calgary livestock CALGARY (CP) Sales on Ihe Calgary Public Livestock market to 11 a.m. totalled head, mostly stock calves. Trade, was strong and active. Slaughter cattle offered were mostly cows and bulls at steady prices. Good slaughter cows 23.50 to 24.50, medium 21.50 to 23.25, canners and cutters 17 to 21. Good bulls 25 to 27 with the odd sale higher. Yearling replacement cattle were scarce, selling at strong prices. Stock calves were most- ly 400 500 pounds with a keen demand at higher prices. Good feeder steers 575 to 750 pounds 39 to 44, sales to 46. More than 750 pounds 35 to 41.50. Good feeder heifers 32 to 35. Good stock and feeder cows 22 to 29. Good stock steer calves 47 to 52. Good stock heifer calves less than 400 pounds 39 to 44. More than 400 pounds 37 to 41. Hogs base price 37. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: average Thursday 36.95. Red Deer: 37.05, average Thursday 36.95. Calgary: 37.00, average Thursday 36.85. Total hogs sold 733. Average Thursday 37.03. Sows averaged 26.40. Beef futures WINNIPEG beef futures: Close Wed. Jan 33.50 36.50N Mar. 37.00 37.00A Wednesday's volume: No con- tracts. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today up 1-32 at Pound sterling un- changed at 1-16. NEW YORK (CP) Cana- dian dollar in terms of U.S. funds at noon off Va at 51.01 17- 64. Pound sterling off 3-16 at 1-64. Railway alternative to pipeline MONTREAL (CP) Can- ada's oil and gas resources in the Arctic can be tapped with- out upsetting the environment by building a railway instead of a pipeline, a leading con- servationist says. This "highly attractive al- ternative" to the pipeline sys- tem is being studied by a re- search group at Queen's Uni- versity in Kingston, Ont., Jack. O'Dette, president of the Cana- dian Wildlife Federation said in an interview. Mr. O'Dette said the railway concept holds immense advan- tages compared to "costly, risky" pipelines. A twin-track system could be built from the Prudhoe Bay. area in Alaska to near the Al- b e r t a about 53 billion dol- lars. Estimates of an all-Canadian route pipeline some miles long range as .high as billion. "The railway would not harm the environment. This has been proved in present lines over permafrost in far northern said Mr. O'Dette. "What's more, building rail- ways is something we're good at. It's a truly Canadian achievement and no expensive outside knowhow need be im- ported for the job." Egg prices EDMONTON (CP) Weekly egg and poultry report issued by the federal agriculture de- partment: Eggs: To A large 48, A. medium 45, A small 24, B 28, C 6 cracks 15. To retailers: A large 60, A medium 57, A small 36-37, B 44- 46, cracks 31-33. (Two cents extra in cartons. To consumers (In A large G2-66, A medium 60-64, A small 41-45. Poultry: To producers: Live No. 1 chicken broilers 2314, fi and over, 27, 5 and under C, 23. Fowl under 4, 4-6. under 12, 12 to 18, 2914, over 18, 27. Live no. 2 chicken broilers 19, 6 and over 23, 5 and under 6, 20. Turkey under 12, 12 to 18, over 18, 25. Friday, Novimbtr 34, 1971 THE LETHM1DCE MUUB S3 Big unions hit by Tory member OTTAWA (CP) James Gil- lies, newly elected Conscrvalive MP for Toronto Don Valley, says the government should re- duce domestic competition in Canadian industry and break up "monopoly unions" he says are causing higher wage rates. "We need more he told a Thursday meeting of the Confederation Club, a group of Conservative business and pro- fessional men. Mr. Gillies, former dean of business administration at York University, is considered a po- tential finance minister in a Progressive Conservative cabi- net. He called for changes In the Competition Act to allow consol- idation of firms. He said that would permit more efficient. I a r g e-scale production and thereby reduce prices. Monopoly profits could be prevented by adjusting tariffs to provide competition from ex- ports, he said. BIG UNIONS HIT He said big unions have spawned inflation by demanding "undue increases" in wages. Buildig crane operators In Toronto had won a 30-per-cent wage increase. "I know there are no crane operators among the member- ship lawyer Dan Chilcott remarked in his thank-you speech later. 'I felt laughed Mr. Gil- lies, who represents one of the wealthiest ridings in the coun- try. Swom into the Commons ear- lier Thursday, he outlined for his business audience a range of policies he said should be pursued by whatever party forms the government over tha next several months. Calling for a "very ex- pansionary monetary and fiscal policy." he urged cuts in per- sonal Income taxes and tales taxes. That was the Erst step to stimulating the economy and reducing unemployment, which he called unconscionable. He also urged aid to small- business investment, including a "venture capital bank." The economy could also be spurred with lower interest rates, which would increase in- vestment and house construc- tion, he said. Mr. Gillies rejected the notion that such expansion would pro- duce more inflation. Treasury bills OTTAWA (CP) New 91-day Government of Canada treasury bills auctioned Thursday: million at an average price and yield of 99.109 and 3.61 per cent. Last week, same amount and term, same price and yield. 182-day: million at an av- erage price and yield of 98.107 and 3.87 per cent. Last week, million, same term, 96.101 and 3.88 per cent. 364-day: million at an av- erage price and yield of 95.829 and 436 per cent. None last week. SALES MANAGER One of Weslern Conoda's leading printing ond publishing firms requires a sales manager for itt commercial printing department. The successful candidate will be responsible for developing and implementing sales programs and directing the activities of a sales force. This person must have the ability to assess potential markets and to develop programs designed to effectively plant facilities. Applicants should have a proven record In the sales field. Experience in a supervisory capacity, not a prerequisite, would be an asset. Excellent op- in confidence to BOX 94 LETHBRIDGE HERALD JOE'S MOBILE HOMES LTD. "Joe Tamava, Prop." Highway No. 3 Going east to Taber Phone 32B-0166 72s DISCOUnTED! NO REASONABLE OFFER REFUSED! Knight Schmidt Knight Schmidt Knight Schmidt Nor'Western Nor'Western 20'x48' Double Wide 3 Bedroom 14'x68' 3 Bedroom with utility room 14'x64' 3 Bedroom 12'x60' 3 Bedroom Take your pick.. We'll deal! 14'x60' 3 Bedroom LOWN DOWN PAYMENT LONG TERM FINANCING! SERVICE AND SATISFACTION GUARANTEED ALL UNITS HEATED FOR YOUR VIEWING CONVENIENCE Remember Yon Always Do Better at, JOE'S MOBILE HOMES LTD, HIGHWAY NO. 3 EAST TO TABER PHONE 318-0181 OR 328-0166 AFTER HOURS 327-4004 OR 327-2416 ;