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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 1, 1973, Lethbridge, Alberta 20 THE LETHBRIDGE HERALD Monday, October 1, 1973 Herald------------------------ Business Oil, mine stocks decline on TSE TORONTO (CP) Prices on the Toronto stock market moved lower in moderate midmorning trading today. Golds were off 5.52 to 260.07, base metals 29 to 106 42 and the industrial index, the major indicator ol market direction, 46 to 224.84. Western oils gained 27 to 243.63. Volume by llam was 678.- 000 shares.' down from 1 03 million at the same time Friday Advances were slightly ahead ot declines. 127 to 108. with 259 issues unchanged Industrial mining, beverage, oil refining and utility issue's were among dec-lining market sectors while merchandising, chemical, steel and pipeline stocks gained. Inco tell to Stein- berg's A 'N to S2211, Weston :l's to S18'z. Imperial Oil to and Dominion Stores 's to Kothmans rose i to Consumers Distributing to S26. Conduits National to S7''z. Home Group to and Shell Canada to i. United Canso was up to S17'j. Sunmngdale 's to SlO's and Peyto 10 cents to Pan Ocean dropped i to and Total Pete 10 cents to 35 MONTREAL (CP) Prices were mixed in light trading on the Montreal stock market to- day Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. Was 345.- b'OO shares, compared with 335.700 shares at the same time Friday. Banks rose 39 to 278 24. utilities 21 to 14356. the com- posite .12 to 236 19 and in- dustrials .05 to 256.08 while papers fell 1.01 to 151 21 On the Montreal Stock Ex- change. Molfat C o m munications Ltd rose 'j to Power Corp. to Vs and Massey Ferguson Vs to i while Ak-an fell to S357s and Dominion Stores to Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Monday from the Calgary public stockyards showed sales of 75 head, all slaughter cattle. Trade was moderately active. There were insufficient slaughter cattle of any class sold to establish quotations. Preliminary slaughter figures for week ended Sept. 29: Alberta hogs beef 21.603. Canada hogs beef There were no replacement cattle on offer. Hogs fob to 11 a.m.: 55.45. Hog prices EDMONTON (CP) Average prices to 11 a.m. MonHav nrnviHpd hv t h P Alberta 'Hog Producers Marketing Board with Friday prices in brackets Edmonton: 55.75 Red Deer: 55.40 Calgary: 55.45 Total hogs sold to 11 a.m. 1.032. Total hogs sold Friday average 55.37. Sows average 42.00. APPOINTMENT! fh It m Peter J. Borowekl B8c., P. Eng. Mr. S. Reed Nelson, President of Strong Lamb Nelson Ltd.. Consulting Engineers, Planners and Surveyors, is pleased to an- nounce the appointment o? Mr. Peter Borowski as District Engi- neer in the company's new branch in Lethbridge. Mr. Borowski will assume his new post on October 1st, 1973. Strong Lamb Melson Ltd., formed in 1957, has offices in Calgary. Edmonton, Kamloops, Vancouver and now Lethbridge, and provides services in Town Planning, Legal Surveying, Muni- cipal, Environmental and Struc- tural Engineering. On the Canadian Stock Ex- change. NQN Mines rose eight cents to 55 cents on 46.000 shares traded NEW YORK (AP) Profit taking continued to eat away today at the strong gains that had fattened the stock market during the last few weeks. The Dow Jones average of 30 industrials had slipped 4.60 to 942.50 at noon. Declines held a 7-to-5 lead over advances in active trading on the New York Stock Exchange NYSE composite index of some 1.500 common stocks was off .34 points to 58.17 at noon. Among Canadians on the New York exchange, Hudson Bay remained unchanged. Gainers were Canadian Pa- cific Vi to Seagram to '4; and Massey- Ferguson V8 to Vj. Losers were Alcan down Vz to Dome Mines to Vz: and Mclntyre 1V2 to Winnipeg grain WINNIPEG (CP) The market continued weak on light trading through mid- session on the Winnipeg Com- modity Exchange today. Oilseeds were down as much as 19 cents on heavy selling pressure. Oats and barley were holding fairly steady while rye was down the 10-cent limit. Friday's volume of trade was bushels of flax, 1.046.000 of rye and of rapeseed. Mid-session prices: Flax: Oct. 16 lower 9.14A, Nov. 19 lower 8.97; Dec. 19 lower 8.76A; May 11 lower 8.74. Rapeseed Vancouver: Nov. 7 5.40A; Jan. lower March 10 lower 5.26A. Rapeseed Thunder Bay: Oct. 10 lower 5.18A; Nov. 9 lower 5.15A; Dec. 11 lower 4.98A; May 1 lower 5.11A. Oats: Oct. unchanged 1.48A; Dec. lower May unchanged 1.40; July not open. Barley: Oct. 1 lower 2.24; Dec. 1 lower 2.22; May un- changed July not open. Rye: Oct. 10 lower 3.ISA; Dec. 10 lower 2.84'AA; May 10 lower 2.85V.iA; July 10 lower 2.81 VzA. Pipeline contract awarded CAIRO (Reuter) The Giant American Bechtel Corp. has been chosen to build the Suemed oil pipeline across Eevot. bvoassing the closed Suez Canal to link the Red Sea and Mediterranean. Egypt's Petroleum Minister Saved Acme Hilal announced today he had accepted a offer by Bechtel to build the 207-mile pipeline. An earlier project by a con- sortium GI ib lirrns irorn seven countries was scrapped by the Egyptian governmen. The Suez Canal has been closed since the 1967 war between Israel and the Arabs, and a plan to build a pipeline bypassing the canal has been under considertion for six years. The project is expected to be launched Jan. 1 with the first stage, to carry 40 million tons of crude oil a year, due to be completed within two years. The second stage, providing tor a capacity of 80 million tons, is due to be completed six months thereafter Borhtel, with headquarters in San Francisco, specializes in the laying of oil pipelines. It has carried out similar pro- jects in Libya and Saudi Arabia. Dollar value MONTREAL (CP) U.S. in terms of Canadian lunds at noon Monday was up 1-50 at 14-25. Pound sterl- ing was down 1-100 at In New York, the Canadian dollar was down 1-50 at 1125. Pound sterling was down 1-20 at 9-20. Stocks Toronto mines, industrials (Supplied by Richardson Securities of Canada I 11AM Trac Tel Advocate Forest Braiorne 85 Sugar Bow Valley Ind Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat 520 830 300 1425 97 1 Ind Cdn Brow Chemcell Col Cellulose Cal Power Coron Cred CWN Gas Conwest Cons Rambler Coin Lake 3 10 12 Indus Cdn Marconi Cdn Vickers Chrysler Craigmont Dickenson Mines Demson Mines D Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbndge Frobex First Mantimes Giant Y K Granduc Holhnger Hudson Bay MSS Hydra Ex Iron 3 10 3900 41 S520 91 335 272 7575 30 'i .68 825 345 4750 2700 21 360 Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dorm1 Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gull Oil Cda Greyhound Hawker Sid ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R L Malartic G F Martin McNeely Mac'ntvre Meta D 23 11 50 32 44 255 06 1 00 92 20 5200 12'z Walker Huron Erie Imperial Oil Imasca Int Nickel Int Pipe Inv Grp A Int Utilities Indust Accept Kaps Kelly Doug A Laurentide Loeb Intern Mogul Nu West Homes New Athona New Calumet Northgate Norlex Pine Point Placer 887'j 14 22'2 480 35 3625 A Metropolitan Massey Ferg McMillan Bloed Moore Corp Molsons A Molsons B Nachurs Pax Exp Quebec Man 66 12'z Cent Power Corp Price Co Radiore Rio Algom Roman Corp Sherritt Gordon Steep Rock Tek 2700 920 1587 1 47 4 St Lawrence Simpsons Sears Steel Canada Selkirk A Texaco Texmont Upper Canada Western Mines W House Copper Wright Hargreaves 2.85 300 305 90 1 Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil Windfall Yellowknife Bear 475 Siscoe Versatile Mfg Westeel 11AM B A Abitibi Alcan Algoma 3575 Cdn Seed Zenith Elec BANKS Atco Ind Aqra Imperial Montreal Jannock Agra Ind Bell 11 75 Scotia Royal Toronto-Dom 1900 5000 1550 2500 2075 35 12'? 16 12'z 9.87'; 4 25 525 775 2550 225 1075 1637'? 390 1500 28 00 16 37'.. 34 75 2850 15 25 4362'? 37 75 2500 8 87'; 1325 31.62'? 2837'2 900 8 10 6650 2900 3450 1750 5 12'z 5487'? 2950 45.37'i 2950 3525 2350 962'? 27.75 1900 500 537'? 11 37 2 4 30 5.00 1500 2325 3750 51 25 2350 2225 862'? 1000 12 12'? 44 30 1462'r 2062'? 13.25 13 50 1625 5800 1900 17.00 31 00 17 25 1000 1525 7 00 675 16 75 1850 600 320 3075 1862'? 33.50 3700 3550 Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty. McQuaig Ltd.) 11AM QUOTES WESTERN OILS AND MINES Albany Oils 1 00 Alta East Gas 7 95 Almmex 660 Asamera 1325 Ashland 11 87'? BP Canada 14 62' 2 Brenda Mines 7 40 Can South 5 60 Cdn Ex Gas 355 Cdn Homestd 8 20 Crtn Ind Gas Oil 8 00 Cdn Lonq Is 17 Cdn Super 53 62" 2 Charter Oils 4 00 Chieftan 11 87'? Dome Pete 32 00 Dynasty 1050 Fort Reliance 25 Gibraltar 1387'? Giant Mascot 3 20 Granisle 950 Gt Plains 28 50 Gt Cdn Oil S 8 45 Lochiel 3 15 Lytton Mm 1 90 Noble Mines 1 32 North Cdn Oils 645 Numac 1875 Pancdn Pete 13 62 Pan Ocean 18 50 Petrol 1 35 Pinnacle 23 Place Gas 57 Ponder 40 Ranqer 31 12' j Scurry Ram 20 00 Seibens 1475 Spooner 44 Total Kete b4u Ulster 91 West Pete 6 00 West Decalta 6 90 MISCELLANEOUS INDUSTRIES Actes Ltd 13 75 Aquitnme 20 25 BC Sugar Pfd 14 00 Block Bros 2 90 Com Cap Corp 3 15 Cdn Brew A Pfd 25 25 Cdn Brew B 30 00 Cdn Pacific Inv 33 25 Crestbrook Ind 1375 Crowsnest Ind 23 12'? Falcon Copper 14 25 F and M Trust 5 50 Genitar 1725 Global Comm Unit 44 00 Home A 46 87'? Home B 44.00 Hud Bay Co 19.12'? Hud Bay Oil 4637'? Hud Bay A Pfd 57 00 Huqli Russell 5550 Husky Oil 22 87'? Husky B Pfd 42 Husky D War 7 75 Husky E War 10 50 Hys of Canada 4 05 Inter Prov Pipe 8 60 Inter Prov Steel 13 00 Kaiser Res 3 65 Loblaw C Pfd 27 25 Maqnasonics 7 12'? Pacific Pete 30 50 Pacific West Air 10 25 Po-Ben Oilfield 7 12'? Rainier Inc 5 00 Royal Trust 26 00 Sandwell Teledyne West Cdn Seed Wostfield Mm Weston A Pfd White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro A Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War 11AM QUOTES CALGARY Acroll Barons Oils North Contm West Warn VANCOUVER Afton Atlas Explor Bath Norse Dankoe Davenport Dolly Vard Equitonal Res Lornox Primer pyramid Snv Stand INDUSTRIALS Colum Brew Key Inaus Warriair OILS 5 62': 4 20 6 12'; 1 09 6000 1050 1237'; 6500 20.75 1000 1000 21 50 11 75 450 65.00 31.00 58 00 3850 670 1525 2 70 70 03'? 01'? 35 9 25 39 75 2 06 48 25 20 1225 07 14 3 05 q 5 00 22 1 90 85 27 90 1 05 7 96 R 49 4.19 6 27 PRP Explor Plains Pete Pond Explor Stamp Intl Res MUTUAL FUNDS All Cdn Com 7 32 All Cdn Q.y 7 75 All Cdn Ven 3 86 Amer Grow F 5 71 AGF Spe 3 '09 Cdn Invest F 5 25 5 76 Col Mutual 610 6 70 Com Inter 1482 1629 Com Lev 3 89 4 27 Com Ven 7 45 8.19 Corp Invest 6 33 696 Crop Invest F 5 30 5 82 Dreyfus Fund US 11661278 Grt Pacific 4.70 5.74 Grpd Income 3.62 398 Grow Equity 787 865 Invest G F 1240 13 56 Invest Mut 601 6.57 Mut Accum 6.09 Mut Grow F 3.81 Nat Res 520 NW Cdn 5 82 NW Grow 5 50 Prm Grow 4 79 Royfund 7.03 Temple Grow 8.42 Unit Accum b 29 Univers Sav 8 06 Univest 6 25 Vanguard 6.94 Prov Mutual 7 81 6.70 4 19 5.71 6 40 6 04 5.26 7.32 9 23 5 81 8 86 6 87 7 60 8 54 New York i Supplied by Richardson Securities ol Canada) Arnr Anaconda Both Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester Konn Copper EXON Scars Std Oil of N J. Texas Gulf Texas Co Wix Corporation 51 62 Woolworth 24 37 2287 Westmghouse Elec 3637 32 25 US Stool 32 37 28 25 Sen Tele Elec 30 12 53 75 TORONTO AVERAGES 183 00 Industrials 224.90 down .40 66 87 20 Golds 258 76 down 6 83 2537 10 Base Metals 10653 down 18 32 75 15 Western Oils 243 26 down 10 33 37 Volume 27 12 NEW YORK AVERAGES 98 00 30 Industrials 944 46 down 2 63 93 25 20 Rails 17703 up 07 2737 15 Utilities 103 08 down 31 3275 65 Stocks 289 19 down 60 15 87 Volume 6.880.000 Hi there Three-week-old kitten and three-month-old ap- paloosa colt named Holy Smoke hit it off on Don Mor- rison's farm in Aldergrove, southeast of Vancouver. Short courses in business helps executives VANCOUVER (CP) Short courses in business- related subjects for ex- ecutives are fostering a closer relationship between the University of British Colum- bia and the business com- munity Peter Watts, recently ap- pointed as director of the ex- ecutive programs, said Friday the faculty "decided some time ago it wants a closer, more useful and productive relationship with the com- munity." He said the expand- ed range of programs sur- passes anything done at UBC in the past in continuing education for businessmen. The scope of the tall program is wide enough to provide something in almost any field applicable to business. It includes sessions on life insurance and pension plans, commercial law for the business man. municipal ad- ministration, legislation, property transactions, com- 'puters. auditing, advertising, international marketing and statistical tools. Registration is limited to 35 in a number of the courses and many are oversubscribed. The biggest hit has been 10-session CUUI3C oil law, lor which 125 enrolled. Course fees vary. The seven sessions on life insurance will cost but a single all-day session on mortgages will cost Fees include a con- siderable quantity of printed information material and. in the case of all-clay sessions, meals Some ol the most important sessions will be those devoted to study of legislation concerning income tax, com- panies, land commission and the proposed Canada Cor- porations Act. "In recent years the bulk of the lawyer's work has been radically said Mr. Watts. "These acts are partly responsible. We hope to be able to assist businessmen in recognizing the problems that may arise from the new acts and to know where to go and what to do to solve them." "Students appreciate the contact with others who are lacing the same problems they have to solve. They are encouraged to make suggestions, ask questions, and to participate. These things are sometimes dulled alter a few years in large cor- porations." Teaching the courses will be (acuity members and experts Irom the business world, in- cluding Derrill Warren, former B.C. Conservative par- ty leader, and Ralph Loff- mark. former B.C. health minister, who holds a doc- torate in the field of law and commerce Gold futures WINNIPEG (CP) Gold futures, U.S. funds, Winnipeg commodity exchange close Friday. Oct. 73 100.15B; Jan 74 103.85B; Apr 74 107.55B; Jly74 111.25; Oct 74 114.25B. Thursday's volume: Fifty contracts. NET EARNINGS By THE CANADIAN PRESS Western Canadian Seed Processors Ltd., year ended July 31: 73 cents a share; 1972, 50 cents. CORRECTION NOTICE! 1.44 DAY FEATURE The 1.44 Day Feature, advertised on Page 8 of the Lethbridge Herald Saturday, September 29th, Should have read as follows: Oh Henry Miniatures Thirty-seven miniature bars per pack. Great for lunches or after school snacks. (Candy Dept.) 4fc k.for I m Cash receipts from farming show increase OTTAWA (CP) Cash receipts from farming leaped 25.9 per cent to billion during the first seven months this year compared with billion in the January-July period last year. Statistics Canada reported Monday that total receipts rose in all provinces. Ontario farmers led the way with receipts of billion, up from million in the same seven-month period last year. The estimates include money made from the sale of farm products, Canadian wheat board payments, cash advances for grain still on Prairie farms and subsidy payments to dairy farmers. Production costs are not de- ducted. The bureau said receipts from the sale of field crops, together with cash advances and wheat board payments amounted to billion, up from million last year. Field crop receipts made up OOVlGt UlllOll about 36 per cent of the total. Receipts from the sale of 11 headed for record crop WASHINGTON (AP) The Soviet Union appears headed for a record grain harvest this year, although excessive rain in some areas may have reduced the crop, the United States agriculture department said Sunday. "Based on information on crop prospects, weather conditions and harvest progress through Sept. 10, the Soviet Union's gross grain crop is estimated at a record 195 million metric tons, almost equal to the planned level of 197.4 million the department said. The report, published in the weekly issue of Foreign Agri- culture, said the Soviet crop- including wheat, rye, oats, barley and ex- ceed last year's harvest of 168 million tons and the previous record of 186.8 million in 1970. Newsprint recycling considered VANCOUVER (CP) Newspapers recovered from California readers would be the basic raw material in a newsprint recycl- ing plant being considered by Vancouver-based MacMillan Bloedel Ltd. for the San Fran- cisco area. MacMillan Bloedel. Canada's largest forest com- pany, announced Sunday it is studying the feasibility ot building a recycling plant which would have an annual capacity of about tons of newsprint. Company President Denis Timmi.s said MacMillan Bloedel ships 300.000 tons of newsprint into California an- nually from its British Colum- bia plants and the recycling mill being studied would be processing a large amount of newsprint originally manufac- tured in B.C. "As a British Columbia company, we have looked into newsprint recycling in Mr. Timmis said in a news release livestock and livestock products rose to billion during the seven-month period, up from billion last year. These sales made up about 62 per cent of the total receipts. ADDITIONAL INCOME Not included in the total is an additional million granted farmers as payments under the Prairie Farm Assistance Act, the Lower Inventory for Tomorrow (L.I.F.T.) forage subsidy program, two-price wheat subsidy payments and cash grants to farmers hurt by bad weather. Last year, these payments amounted to million in the seven-month period. Regionally, farm receipts in the Maritimes were the lowest, followed by those in British Columbia, the Prairies and central Canada Total receipts to Prince Ed- ward Island farmers rose to million from million last year, to Nova Scotians, to million from million and to New Brunswickers, to million from million. Farm receipts in British Co- lumbia rose to million from million during the same seven-month period last year. Farm receipts in Saskatche- wan topped the Prairie totals at million up from million last year. In Alberta, receipts rose to 8 million from million and in Manitoba, they rose to million from million. Cash receipts in Quebec rose to million from million. Membership in news wire service up BANFF, Alta. (CP) The Canadian Press reached its highest membership in more than 50 years this week when applications from five papers were approved at the fall meeting of the news co- operative's board of directors. Addition of four French-lan- guage papers in Quebec and Vernon News in British Columbia increased' membership to 107, a total last reached in 1920. The Quebec papers are Septlles L'Avenir, Chicoutimi Le Quotidien, Le Journal de Que- bec and Le Journal de Mon- treal. REQUIRED IMMEDIATELY Sales parson In recreation vehicle field, Must be ambitious average earning potential. Please send resume and salary expected to Box 99 LETHBRIDGE HERALD ACCOUNTANT REQUIRED! The L.N.I.D. has a responsible position currently available for a person qualified to become an accountant For General and Cost Accounting. We offer a challenge and an opportunity to develop. Good working atmosphere. Agricultural or Irrigation background an asset. Please reply to...... Lethbridge Northern Irrigation District 334 13th St. North Lethbridge SALES PERSON Farm machinery manufacturer requires a sales representative to cover Alberta and Montana. Applicants must be free to travel. Farm machinery sales background useful, but will consider a person with related sales experience. Late model car required. Posi- tion offers basic salary, travel expenses, car allowance, and other company benefits, plus commissions. Reply, setting out full par- ticulars as to past experience, age, educa- tion, marital statifs to Lethbridge Herald. BOX 101 LETHBRIDGE HERALD ;