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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 30, 1972, Lethbridge, Alberta 20 THE LETH8RIDOE HERALD Thunday, November 30, 1972 Stronger trend evident today TORONTO (CP) Prices on the Toronto stock market were fractionally higher in active mid-morning trading today. The industrial index, consid- ered a major indicator of mar- ket trend, was up .15 to 214.90 and golds .29 lo 184.72. Base metals were down .39 to 81.11 and western oils .04 to 2G7.50, Volume by 11 a.m. was 000 shares compared with 000 traded by the same time Wednesday. Bank, oil refining, trust and loan and food processing stocks were among sectors of the mar- ket showing the strongest gains while chemical, pipeline, real estate and sieel issues were off slightly. Advances held a slight lead over declines, 121 to 119, while 210 issues remained unchanged. ALPA CLIMBS Allarco rose Vz to Glen- dale to S13, Alpa Industries to Sffii, Robinson Little to and Slater Walker '4 to TransCanada Pipelines fell to Gesco to WCI Canada Ltd. to Shell Canada to and Central Fund A Vi to SO. Little Long Lac climbed 14 cents to S2.01, Canadian Merrill 5 cents to and Iso Mines 8 cents to Pine Point slipped 214 to and Noble Mines 10 cents to AN ARTIFICIAL LUNG.WHlCH FOR THE FlRSTTIME APPROX- IMATES THE TRUE FUNCTION IELUNSS, HAS SEEN BUILT CONSISTING OF A STACK OF ETCHiDSrEEL PLATES EP WITH A MEMBRANE, IT PFOMISES TO ALLOW DISEASED LUNGS TO BE COLLAPSED FOR EXTENDED REST PERIODS... MONTREAL (CP) All sec- tors except banks 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 at the same time Wednesday. Industrials rose .15 to 235.65, papers .11 to 94.64, the com- posite .08 to 225.45 and utilities .01 to 158.23 while banks fell .26 to 281.36. On the Montreal Stock Ex- change, Peerless Rug rose to and Canada Permanent Mortgage to while Fal- conbridge Nickel lost 1 lo On the Canadian Stock Ex- change, Acroll was up 17 cents to ?1.24 traded. on shares NEW YORK (AP) Stock- market prices continued their quiet drift today, showing little price change on average. The Dow Jones average of 30 industrials at noon was off .67 lo Advances led de- clines on the New York Stock Exchange by nearly 7 to 5. Analysis said investors were on the sidelines awaiting devel- opments in the Paris peace talks and biding their time until the profit-taking pressure sub- sided. The only significant price changes came in individual is- sues responding to corporate developments, they said. Mattel, which recently re- ported a nine-month earnings gain versus a year earlier loss, was up to Levitz Furniture was up 114 to ?24. The NYSE index at noon was up .06 at 63.79, and the Ameri- can Stock Exchange index was up .06 at 26.42. Up Vt on the NYSE were Hud- son Bay Mining at and "enstar at ?16r8. Off 14 were Walker-Gooderham at In- .ernational Nickel at and Dome Mines at ?64li. On the Amex, Canadian Jave- lin was ahead al Wynyard remembrance trip stalled to death at Ottawa WYNYARD, Sask. (CP) A group of citizens from this south eastern Saskatchewan town apparently has abandoned plans for a trip to France this week for Uie unveiling of a plaque commemorating a Wyn- yard native who served In the French resistance in the Second World War. Mayor Walter Goodyear, one of the group which had intend- ed to go lo the village of Matrye de Veyre, said today the plans were broken up because Ottawa had not.provided finan- cial assistance. "The group there were 16 at the last get-together has he said. "We haven't heard from the federal government." A spokesman for the secre- tary of state department said Ottawa was considering the group's annliration for a travel grant. Otter sources indicated the grant had received initial ap- proval but needed final approv- al from senior officials. The grant would bs made when the group returned. The plaque honors Peter Dmytruk of Wynyard, shot I The unveiling Dec. 10 is to be down over south central I followed by a ceremony "twin France. He died while serving as a member of the resistance. nin.g" Wynyard and Matrye d Vcyre. Vegetable parley set for Jan. 24 TABER (HNS) One of foi public hearings regarding t Alberta vegetable industry w be held at Taber Wednesda Jan. 24. C. H. Ferries, chairman of th Alberta Agricultural Produc Marketing Council, says hea ing will take place at the com munity centre auditorium. Three other hearings, each commence al a.m., wi take place at the Elks HaJ Peace River, Jan. 16, Ihe Ho] day Inn, Edmonton January 1 the Legion Hall, Brooks, Jan. 2 The hearings will be broadl defined to include potatoes Motor vehicles, parts deficit leaps million says Ottawa rocessina an 'cttatron a Systems 1003 4th Avcn-ja S., Uthbridge Telephone 328-4426 rocessina 'ervices OTTAWA (CP) Canada's deficit in trade in motor ve- hicles and parts jumped to for the first nine months o( this year, compared with million for the same period last year. Statistics Canada reported Wednesday that imports from the United States rose 15 per cent and imports from otner countries rose 46 per cent, while exports to the U.S. rose only 10 per cent and exports to other countries fell nine per cent. "A over-the-year increase in the vehicle trade surplus with the U.S. had ex- isted at the end of June, but it was lost in the third quarter in part by production losses both from the conversion of the Sti Therese (Que.) plant to es semble a new car line, from a closedown in Oshaw (Ont.) for extensive mode changes." Canada exported billio in vehicles and parts to th United States, up from bi lion, and imported billion up from billion, for a sur plus of million, down fro] ?132.2 million. Exports to other countries to tailed million, down fro: million, and imports to tailed million, up froi million, for a deficit million, up from mi lion. Aluminum pricing too low says Alcan chief Davis TORONTO (CP) Some of the problems of over-supply and low prices hava lessened in the aluminum industry but so far there is no "real improvement" in pricing, the chief of Alcan Aluminium Ltd. said Wednes- day. Nathan V. Davis, chairman of Alcan, told the Toronto Society of Financial Analysts thai Al- can's profit will recover "to the extent that we get better prices "or our products in the highly competitive markets in Europe and North America." These markets account for about 75 per cent of shipments from Alcan, one of the world's aluminum giants with major production facilities in Quebec and British Columbia and doz ens of other countries. Mr. Davis said free-world aluminum consumption thi year should be about 11 pel cent higher than in 1971. But be cause of the slow trend lowar< price improvement "It would be unfortunate if the industry to abandon a policy of produc tion restraint." Beef futures WINNIPEG heel futures: Close Tile Jan 36.60B 36.50B Mar 37.25 37.00A Tuesday's volume; No con- tracts. Prince Igor has no v taste. Prince Igor is vodka. Pure vodka. Without a flicker of taste or color or scent. A prince of a vodka. Have the Prince over tonight. fresh vegetables, processet vegetables, greenhouse vegetE bles, and the structures in volved in each segment of th industry. Possible alternatives to exis ing and proposed organization, will be discussed. Intention to submit briel must be filed with the depar mcnt by Dec. 15. Two copies o written submissions must filed by Jan. 10. Intention to fil submissions should include in tention to make verbal submis sion at the hearing if such is th intention. The briefs may refer to an or all aspects of the industr including transportation, pro- cessing, production, merchan dising, the role of government as well as marketing systems and institutions. Briefs may also consider th possibility of uniting the three major segments of the industry now represented by two mar kcting commissions and on marketing board. Initial work toward prepara tion of its brief will be taken b the Alberta Vegetable Growers Marketing Board when it meets here Dec. 2 at 10 a.m. T a b e r's industrial develop ment commitete has been askec to participate in the meeting. Grain prices Winnipeg Grain WINNIPEG (CP) Flax had regained some of Wednesday's asses on active trading tlirough mid-session on the Win nipeg Commodity Exchange to- day. All flax futures were IVi cents higher. Vancouver rape- Eeed's cash month was one cenl ower but all other months in rapeseed were slightly above jrevious close levels. AVilh trading activity improv- ng in the feed grains, oats anc 70 were exhibiting a little strength while barley was un- changed to fractionally lower. Wednesday's volume of trade ivas bushels of flax, of rye and of apeseed. MID-SESSION Flax: Dec. 1V4 higher 37V-.A; May l'i higher 3.46; uly m higher Rapeseed Vancouver: Nov. ower 2.9214; Jan. higher March 1 higher 2.88B; 'uno higher Rapeseed Thunder Bay: Dec. i higher May high- er July unchanged .71V2B. Oats: Dec. higher 94; May i higher July higher Barley: Dec. Vi lower May unchanged July unchanged Rye: Dec. higher 1.30; May i higher July higher Grain quotes Wednesday (bas- is Flax High Low Close )CC 34Mi 336 33S lay 34814 344 ly 34314 340 Rapcscctl Vancouver [ov 293% an 2M7s 290y4 lar 286il 284 Vi 28314 un 344 K 340 293'A 287 2n3-rB Itapesecil Thunder Bay ec lay 277 ly Oals re ay y 93% Barley cc lay 13l7a ly nye 'DC 13014 lay ly 1371', 265% 274 27114 ISM 13114 265% 27114 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty. McCunig Limited) LAST BID OH SALE a.m. Quotes) Quolesl l.m. Oimlll) .5 Hud Bay prd 57.75 Gr In share! 6.10 Hv-.r, niillili 50.75 Gr Equity I.JO Husky Oil ion Invest G r.' 13.1214 Husky Oil B Pld .I2.J5 Invest Mutual 13.75 Husky Oil War i.05 fju ua Ac 17.37'A Inlcr Prov Pipe 12.l2Vi 7.90 Inler Prov SleEl 15.00 3.10 Kaiser Res l.BO 10.75 WESTERN OILS Almlnex Alia East Gas Asamera Ashland Bp Cdn Can Soufh Cdn Ex Gas Cdn Homesld Cdn Ind Gas Oil Pacific Pele Cdn Super Cdn Long li Charier Chiellan Dome Pele Gl Plains Gt Cdn Oil Lochlel Noble Mines North Cdn OJI Numac Pancdn Pele Pan Ocean Pelrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Seibens Total Pele Ulster W. Details West Pele MISCELLANEOUS INDUSTRIES 57.00 .37 Rainier Sandwell Teledyne H.75 west Cdn Seed 41.25 While Yukon 33.1W Wcsllleld 7.75 Weslon Pld CAL6ARY 2.28 Acroll i.po Barons Oil 18.75 North Cont H Wesl Warner 1.35 Gr I Nal Res N W Cdn VIM) N W Gr Gr Temp Gr United Ac Universal Sav Vanguard Aqultaina Brinco Cdn Brew A Cdn Brew B Cdn Paclllc Inv Crowsnest Ind Cygnus A Cygnus B Falcon Copper Genstar Genstar Home A Home B Hud Bay Co Hud Bay Oil Alia Ga Alia Gas Pref Alia Nat Gas Inland Nat Gas 27.75 N and C Gas N and C B Pfd Pacific Trans 13.SO Gaz Melro 8.75 Gaz Melro A 1.13 Trans Cda Pipe 6.05 Trans Cda B Trans Cda A Trans Cda War WC Tr 71? Atlas tx Brycon Croyden Davenpoi' Danktre Va 4.46 4.91 Ml f.U 12 fil 13.79 6.52 6.27 6.fil 4.78 5.26 7.58 8.28 5.5B 6.13 6.60 5.01 7.07 7.37 B.U 9.44 5.79 6.36 8.15 B.96 8.7B f.42 I.M .55 69 4.00 .05 .33 8.10 .18 Equltorlil T1-50 Forl Reliance Giflnf Mascot Graisle 5.25 Lornex 70.50 LyMon Minerals -15-DO Primer 40.50 Pyramid 84.00 silver stand Texmont 23.25 Valley Copper WC Trans WIs 4.BO INDUSTRIAL MUTUAL FUNDS Block Bros 3.10 A'l Cdn Com fl-49 9-2B B-c- Sugar 30.25 Cdn Divld 9.29 10.15 B.C. Sugar Pfd ,1.73 dipt Inter 7.3D Columbia Brew 3.JB Creslbrook F Ind 5.26 4.76 Hys 7.24 7.95 Key Indus! 15.50 17.12 Pacific W Air 4.3J 4.77 stampede Intl Res 8.46 9.30 OILS 6.25 6.B3 Albany Oil .70 5.3B 5.69 Plains Pete .37 Cdn Vent 2700 23.50 2S.ttVbA; "f AGF SP 7-75 Cdn In F col Mutual cmnw Inter Cmnw Lev 40.00 cmnw Vent Corp Invest 17.50 Corp In Sf 7.25 3.30 3.35 3.55 3.50 .50 .62 52.00 Dreylus F U.S. 13.52 14.83 Explor Toronto, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) MINES Acme Advocate Asb. Akallcho Bralorne Broulan Bethlehem Brunswick Can. N.W. Land Canada Tung. Casslsr Cenlre) Pat- Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dlckenson Mines Denison Mines Depr Horn D'Eldona Dome Mines Dona Ida Discovery Mines East Malarllc East Sullivan Falcon bridge Frobex First Marllimcs Giant Y.K. Bovls Granduc Headway R.L. Hoir a.m. 3 Norlngatu Norlex Osisko Pine Point 2.20 Placer Dev. P.C. Exp. 14.62V2 Quebec Man 3.30 Ray rock Radlore Sherritt Gordon Steep Rock Tck Corp. Texmont Upper Canada Western Mines Wright Hargreaves Willroy 1.22 .25- 1.50 9.00 1.53 11.50 1.00 2.90 5.50 2.28 Windfall .04 Yellowknife Bear 45 Zenmac INDUSTRIALS a.m. Dome 41 25 Dofasco 27.75 Cable 20.00 Grt Cdn Oil Gen Motors Gri Lakes Pp r Gulf Oil Cdo Greyhound Hawker Sid Hur Erie Hiram Walker Imp 1-70 Irr.asca 4.50 Int Nickel .31 Int Pipe 2.70 Inv Grp A 2.45 Inl Util Inn Accept Kaps 4.35 .23 .32 56.00 37.50 3.05 .09 1.01 .38 1750 6.00 .65 1.75 500 51CO .33 .40 6.20 2.05 2.60 3.00 3900 AbllibJ Alcan Algoma SI eel Alco ind Atlantic Sugar Agra ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar LaurenHde 0.35 Kelly Doug A .03 l_oeb Loblaw A Hudson Bay M-S 19.12ya Bow Val ind Hydra Ex. Ircn Bay Iso Joliel Quebec Kerr Addlson Key Anacon Labrador Lake Shore Lanqls silver Madsen RL Malartic G.F. Martin McHeely Maclntyre Meta Midrim Infern Moqul Nu West Homes New Alhona New Calumet W Horse Copper Noranda 16 3.65 2.90 .22 9.20 .16 39.50 2.60 .05 .53 .66 .09 41.00 30.00 58.50 1B.7S 21.35 20.25 40.00 5.25 3.15 CAE Ind Cdn Brew ChemcelJ Col Cell Calgary Power Coron Credit C.W.N. Gas PFd 11.00 Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. inco cons Balh .11 Cons Gas Disl Sea Dom Bridge Domlar Dom Textile Dom Slores 1 30 3B.M 10.12Va Met Stc 22.75 Massey Ferg 12.25 McMillan Bloe 12.42VJ Moore Corp S.B7Vi Molsons A MolEonE B -u.25 Norlh Cent Power Corp Price Co Rothmans St. Law Corp Shell CDA Simpson's Simp Sears Steel erf Cda Selkirk A 54 Texaco Traders Grp A 1.65 Trasn Mln Trans Cda Pp 15.00 Union Gas 5.00 Union Oil 11.00 Versatile Wesleel Union Car Wson's B Woodward's A Ws Cdn Sd BANKS 30.75 Cdn Imp 17 CA Montreal Nova Scolla 9'M Royal 1-1.75 Tor-Dom 7.75 79.75 15.62'A 2175 3.75 33 51.25 27.25 28.00 11.00 2J.25 20.75 11.25 1275 395 23.25 19.25 23.75 50.25 29.75 29.50 11-62% 12.00 5S.25 43.75 3d. 75 Tl 50 56.75 22.75 22.B7V2 12.12 IB 25 6.25 2J.03 15.50 20.00 30.00 30.00 21.75 38.50 38.00 stocks (Supplied By nichardson Sccnrilles of Canada) Amr T and T 51 Sears 20 Golds 184.98 up .55 Anaconda 20.25 sfd Oil of N.J. 66.75 Jo Base M 81.34 ril -H Belh Steel Texas Gull 118.50 15 W Oils 268.13 up 119 Chrysler 39.25 Texas Co Volume Comsat 65.l2Vi Wickes Corp YORK AVERASEt Dupont 176.00 Woolworth 30 Indus! oil .67 GM 80 Weslinghouse Elec 20 Rails 236.38 up .50 Gull U.S. Sleel 34.50 it uillllles 122 83 oil 03 Inl Harvester Gen Tel Elcc 32.00 Kenn Copper 23.87V, TORONTO AVERAGES Slocks 333.68 up .04 Montgomery Ward 20 Indusl 214.86 up 1.11 Volume Livestock report Calgary livestock CALGARY (CP) Receipts jn the Calgary livestock mar et to 11 a.m. totalled 1.025 ead, mostly good and choice laughter steers and cows. Trade was active. Slaughter steers were 25 higher with sales to 37.30 eifers were scarce at firm rices; cows were fully steady a higher as heifery kinds sold o 27; a few bulls sold at firm rices. Choice slaughter steers 36 to 7.10, good 34.75 to 35.75, me- dium 32.50 (a 34.50. Choice heif- 33.25 to 34, good 32 to 33; medium 30 to 31.50. Good cowf 4.75 to 25.70, medium 22.50 to 4.50, canners and cutters 18 to 22. Good bulls 25 to 27. Replacement cattle were lainly short keep steers 850 132ii IK IK 13014 Hog prices EDMONTON (CP) Aver- ;e prices lo 11 a.m. provided j the Alberta Hog Producers Marketing Board Thursday: Edmonton: 37.65; average Wednesday .18.87. Red Deer. 37.55, avcrayo Wednesday 37.94. Calgary: 37.BO; overage Wednesday 37.61. Lcthbndgc: Nil; average Wednesday 3R.05. RETAIL STORE MANAGER REQUIRED Male, minimum 5 year) experience tn retail telling and 2 years management experience, In mon'i, ladios' nnd children's wear, sporting goods, clc. Location: LETHBRIDGE Salary: RANGE Send complete In confidence lo BOX 117, LETHBRIDGE HERALD to pounds and selling at steady prkes. Insufficient good stock calves were offered to establish a market. Good feeder steers more than 750 pounds 35 to 37.60. Good feeder heifers 32 to 35. Good stock and feeder cows 22 to 28. Hogs base price 37.50. Gas rebates urged CALGARY (CP) Rather than introducing a two-price system for natural gas, Alberta should consider rebates or sub- sidies lor provincial customers, says a brief from the Calgary Chamber of Commerce. Chamber president R. R. Me. Daniel said the association does not oppose a rise in the price of gas, just the two-price sys- tem. Subsid i z a t i o n could be achieved through higher grants to home owners or a sharing with municipalities of the high- er revenues gained from the in- creased price. About 80 per cent of Alber- ta's gas production is sold out- side the province and the gov- ernment recently proposed rais- ing the price of the gas for ex- port while keeping lairly steady the price for gas used in Alberta. Jolra Puyen, chairman of the chamber's oil and gas commit- tee, said a two-price system is an artificial barrier. "A two-price system can also deteriorate rapidly into multi- prices." Bank reports a share MONTREAL (CP) The Royal Bank of Canada reports a balance of profits of or ?1.55 per share for the fiscal year ended Oct. 31, up 10.7 per cent from or per share at the end of the 1971 fiscal year. Balance of revenue was 499.000, an increase of 17.9 per cent from "The satisfactory level of earnings achieved during fiscal 1972 reflects the growth of our domestic business and the up- turn in the Canadian economy generally, as well as continued development o f our activities W. Earle McLaughlin, chairman and president, said Wednesday. Appropriation for losses was compared with last year. Assets were billion, up 14 per cent from billion at the end of the 1971 fiscal year. Total revenues for the year were up eight per cent from This comprised income from loans o[ (up 9.6 per income from securities of (down 4.6 per and other operating revenue of (up 13 per Expenses for the year totalled an Increase of 6.1 per cent from They included interest on deposits and debentures of (up 22 per salaries and benits of (up 9.2 ner property expense of (up eight per and other onerating expenses of (up 23.1 per Robber gives rebate MEMPHIS, Tenn. (AP) Noel Dean Richardson, 38, told wlice he was confronted by a nan armed with a knife when arrived at a coin laundry, said the robber took from lim, but before leaving gave lim back 75 cents so he could do his wash. PLEASE NOTE The offices and plant of LETHBRIDGE CONCRETE PRODUCTS LTD. WILL REMAIN CLOSED All Day Saturday, Dec. 16th, 1972 LETHBRIDGE CONCRETE PRODUCTS LTD. 9lh Ave. and 6th St. N. Phone 32B-9251 DEALER INQUIRIES INVITED Imported Line Of Finnish Sauna Rooms Sauna Stoves Canadian distributor teeking reliable dealer to handle nn exclusive line of Finnish Sauna rooms, lodges and stoves. An excellent opportunity to become part of a new fast growing Canadian market. REPLY TO: PETERSON ELECTRIC CO. LIMITED P.O. BOX 985 STATION "P" 191 N. CUMBERLAND ST. THUNDER BAY, ONTARIO SUPERINTENDENT Required for PRE-FAB HOUSING PLANT Lccalicn Edmonlon. Applicants should have produc- tion experience and thorough background of building conslruclion methods. Salary commensurale with ex- perience and ability. Apply in wriling lo; BOX 111 THE LETHBRIDGE HERALD ;