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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 3, 1972, Lethbridge, Alberta still opei Niskanen and Willy Cherak ve been operating the store we ce before the Second World In ir and lease tho property m Canmore Mines Ltd. d tfr. Hrushka says some of lik 3 customers from the town, miles west erf Calgary, never re vo shopped anywhere else, 'Some of our customer! uldn't even know the mean-; of self-service. 'They don't like to be I don't think they would e self-service at all. 'We know just about all our customers on a nama sis, even know the brands ey use. 'When a person comes fa, ualiv we know exactly what pick off the shelves for em. Sinco we're here any-ay, we figure we might just well help Ihe customers out." Mr. Niskanen said some cus-mers "haven't set foot in ;re for 20 years." "They just In their der each morning and we da-ver it. We know all their nd dislikes." Although the shelves still hold othing, hardware and garden quipment along wilh the gro-cries, time has forced hanges. Custom-made suits, for which travelling tailor used to take neasuremenls, no longer are vailable, said Mr. Niskanen. we used lo sell shoes, urnilure and women's fine, ancy stuff; you know what I nean. We've had to cut down i bit." Also gone is the cattle feed, he post office and the haberdashery, but they are not forgotten. CREDIT COMES EASILY Many customers are miners at the nearby coal operation and they can get their purchases charged directly against Iheir pay. Credit comes easily lo virtually all regular customers. "We're gelling a few people these days who take a job at Ihe mine, load up with supplies Ihen high'lail Mr. Niskanen said, "hut most families pay up when asked to." Mr. Hrushka often takes a few minutes lo lalk lo tourists, who pass through heading lo Banff a few miles wesl, and even take them on a tour of the premises. And, there's always time for Ihe train crews who bend a leduie enough to leave their iesel engine parked a few eps from the back door, so hey can slip over to pick up something on their way home. t Vancouver, Calgary (Supplied Iiy Dolicrty, Met LAST BID OH S B.m. Quotes, a.m. Quote WESTERN OILS Hugh Russell 4 mlnex 6.n Husky a East Gal B.OS Husky Oil B 4 omera Husky Oil War htand 1300 Inler Prov Pipe I Oil Gai t.10 Inler SlecJ 1 n SoulM 7.ra Kaiser Rse n Ex Gal 3.75 Lotlaw 3 n Homesld ?.W MGF n Ind Oal Oil 11.1214 Pacific Pole n Super Jl.OO Rainier n Long li .M arler Tetedyne ellan 13.0' Weil Cdn Seed Pell While Yukon Plains WeslUeld Cdn Oil 1.10 Weslwi PM Khlel 1." CALGARY xin Cctn Oil 5.BO Acroll umac 10.75 NoMh Cwil nedn 1J.75 West Warner an U.75 PIPE LINE STO Irol 1.38 Alls Gas A nnaclt .36 Alia Gas Pref ace Gas .93 Alia Na! Gas onder 55 Inland Wai anger 23.75 N and C Gas curry Rain U.50 N and c B Pld power .70 PaciMc Trans elbens 13.25 Gar Metro olal PelB 7.30 Coz Wtftrcr A Isl-r l.il Trans cda V. Decalla Trans cda B MI Pels ll.CO Trans Cda A JAI5C6LL4MEOUS INDUSTRIES JJj vm 26.50 MUTUAL FUN rlnco 6.W 01 Pac J dn Brew A 29.00 6iv 9 In Brew B 33.50 AM Wfl Ven a dn Pacilic Inv J4.3714 Amer arwlh F 6 ;rowsnesl Ind 2i.cn A G F. Spec 3. :ygnus A cdn Inves F 5 cygnus B ton Mutual 6 Falcon Copper 11-50 cmwllh Inler 14 >emtar 15.M cmwlfh Lev 4 Home A 36.12'A comwlth Ven e lorne B 3J.25 Corp Inves 6 Hud Bay Co lB.121'i Cofp Inves S F 5 Hud Bay Oil 4-1.75 Dreyfus F US 1, Hud Bay Pfd 53.50 Grpd Inc Shrs 4 Toronto mines, (Supplied By Richardson Se LAST BID Oil a.m. QuoTel) a.m. Ou MINES Norlex Acrne .37 Osliko Advocate Asb. >-50 Pine AkaUcho Placer Dev. Bralorno 2.05 P.C. Exp. Brouldn .38 Quebec Beth ehern 18.M Rayrock Brunswick 3.70 Radiore Cdn. rJ.W. Lane" Rio Afgom Canada Tung, 1.63 Roman Corp. Cass ar 15.00 Sherrilt Gord Central PaT. Silver MIlFer c'imo .98 Sleep Rock Conwest 6.10 Tek Corp Cons. Rambler A-'al Wright Hargrea D ckenson Mines Denison Mines 21.50 Windfall Deer Horn Yellowknlle Bca D'Eldesna .M Zenmac Dome f Allies UJDUSTR1A Donalda M Abitibl Discovery Mines .65 East MalarMc 2-'0 Alcan East Sullivan Afgoma Steel Falconbridgs il.i'i Ind. frobex -3i Atlantic Sugar .50 Ind G ant Y.K. 7.25 BKu Tei Bovii 2.D5 Bra2iiian Trac. Granduc 3-15 R C. Tel Headway RL. 6-00 Burns Hcllinrjer Q.C. ForesT udson Bay M-S 23.00 B.C. Sugar Hydra Ex, .19 Valley Ind kotl Bay 3.60 CAE Ind lst> 1.57 Oiemcell Jcl el Quebec eel. Cerr Arfdison 9.95 CBlgary Power Key Ar.acon .20 Coronalion Cre Labrador X0.25 Gas Pf Lake Shore J.50 cdn. Industries Lajigis Silver -05 Cdn. Marconi Marfsen R.L- .5? cdn- Vfekers MalarHc G.F. .93 Chrysler Mar Jin McNeefy JO c.P.R. Maclntyre 4925 Comlnco Mela JlVi Cons. Bafhurst iVIdrim .14 Cons Gat ntern fAcgu! 11.00 Dominion Br d Homes B.50 Domtar New Athona Dom. New Calumet Oom. Stores W. Horse Copper UQ Dome Pete Woranda 40-75 Dofasco Nortfigale- Cable New Tor? (Supplied By Richardson Amr T fc T 47.25 Seari Anaconda U.50 Oil of N.J 8eth Sleet 2S.GO Texas Gulf Chrysler Texas Co. Comsat 58.75 Wix Corp Dupont Gen AAolors 7B-00 West Elec Gulf 33.00 U.S. Sltcl Int Harvescrr Gon Tel Elec Cenn Copper 21.75 TORONTO A Antgrny Ward 22.62V3 20 Indus! 1 f ft ft stor n passed through the moun- EC s to Ihe coast. ha ot everything lias remained sir hanged however. Some ol W older customers remember fr( ;n the horse drawn dell-v wagon was replaced by th nick. W ohn Hrushka and partners Montreal ualg Unified) ALE D Quotut Grwlh Equity fl.W 9.71 575 Inves Grwlh P U.53 Inves Mutual 5.9A 6-52 Me 4M Mutual Accum 5.93 6-69 j.lSVj Mulual Grwlh F 4 64 5.3S He Cdn 5.41 s'.9j onts to on shares (CP) Hundle tta untain Trading Ltd. sells tair xeries and dry goods as if le barely had moved during unc last century. the t gives the same personal wh -vice from the same building ver the same site chosen In 1888, a y two years after tho first VANCOUVER 5.00 MINES Afloo J.W .70 Atlas Expfor undei delegation led by Sheik 0 med Zaki Yamani, Saudi T abia's minister of oil and t( ncrals, represented the or- o nization of the pelroleum ex- ti rling countries, or OPEC, in o closed-door session with oil-lustry negotiators headed by Mjrge Piercy of the Standard to Ih way h .1 Company (New icy met until evening, trying o hammer out the final details li an agreement that will ini- a ate a new era in international 1 trade. c Since the 19C7 Arab-Israeli e 'ar the world-energy picture c as radically changed. An en- c rgy surplus has swung to a alance between supply and a emand, and shortages may de- elop. Prices lor oil and gas a ave risen sharply In the inter-ening years. Furthermore, Ihe f veslem-owTied companies and he oil-consuming nations have lad to yield power to Ihe producing nations. The signing of m agreement on participation vill put the imprimatur on this shift in control. The negotialions on the producing nations' participation in concessions on their soil began n March when the companies iccepted the concept "in principle." The producing countries demanded an immediate 20 per cent share of Ihe oil companies' operations wilh an ultimate increase to 51 per cent control. They offered to compensate the companies for Hie 20 per cent slice on the basis of net book value of above-ground assets. NOT ADEQUATE The companies contended that this was far from atf3quate and lhat consideration, should be given to the billions of dollars of future profits they would forego on the vast unproduced il reserves. Most informed sources be-eve that the final settlement will be close to OPEC's original wsitions with some face-saving elements given the companies. The negotiators have held six >revious series of meetings in 5eneva, Saudi Arabia, Lorn on and San Francisco. The two Bides were still far apart, but a session in late August in jebanon. and In early Septem in London produced a more Denial atmosphere. Some observers credited: this change to pressure on Ihe com >anies from western govern menls, while others contend .hat the negotiators for the companies finally had to rec ognize that the producing na lions held most of the prices ai slock market w .owcr in light a ing loday. a index, consid-i cat or of mar- c t .21 to 210.69, w 2.60 and base. 1 50.21. Western gained .63 to c c .m. was 1 1 with 457.000 line time Mon-s of the markel t ic decline were r mining, real ne stocks while o trust and loan, food processing loderately. a a slight lead e OG to 100, while ned unchanged, c own -Is to S3GVJ, r Consoli- ills 10 cents to 1 and Interne Is to 1 to to Great to S20, Falcon-; to and Palo ped 15 cenls to sbestos 15 cents Agnico-Eagle 5 Shcrritt Gordon and North-is. 50. c imbed to le to and cents lo (CP) Most ed in lighl trad-treal stock mar-olume on the Canadian stock 1 a.m. was with time Monday, anced 1.08 Brenda 455 KS Churchill Cop .55 5 73 Croydert Davenport fln jc Dankoc .64 a 75 Dofly Varden .33 Dynasty 8-70 EfquUorlal Fwl .16 'i'Si' Giant Wtascot 5.9S Gralsle 7.1S Lornex 8-05 Lyttcn Wilneral 1-E5 -31 M-75 Sliver Sid 1.00 l33, 8-W Valley Cop B'" 3 P 5.35 INDUSTRIAL 3? Block Broi 3-00 19 10.03 B.C. Sugar 15-00 tall By WILLIAM D. SMITH New York Times Service Ar NEW YORK The epoch ne- Ar rtiations over the oil-prod lie- mi g nations' demand for partici- ga ation In and eventual control po concessions now held by the a ternational oil companies re- in jened here Sunday. YORK (AP) The i ock market was flat today, lie lliird uncertain session in a ow. Trading was sluggish. The noon Dow Jones average f 30 industrials was off .68 to 52.59. Declining issues on the 'ew York Stock Exchange had bout a C to 5 lead over gaui-rs. Canadian issues were lower n (he NYSE, with Alcan drop-ing W to Distillers Sea-rams down at and nco off at On the American exchange, Canadian Javelin added Vi to and Scurry Rainbow was ahead Ys at Capt Inter 3.73 32 Columbia Brew 3.1i 22 5.70 Critbrk For 3.15 90 Hys 3-05 B3 16.30 Key (ndJ5 -55 07 A 41 Pac Weit Air -4.00 20 9.01 Stmpd Int'l Rei -7! 20 677 OILS 27 5.7fi Albany Oil -90 76 Plains PelB .29 2B 4.71 Explor .09li industrials cnrUlcs of Canada) SALE 1 Test a.m. .22Vj Famous Players 18.41'A 16 Ford cf America 75.00 25 Great Cdn. Oil 9.25 Yin General Motors 76.0> V G, L. Paper IS.fin'i Vr.7 Gulf Oil Cda. 36.B7V3 -jo Greyhound Lino 20.75 ,Aift Sid 3.75 tm Huron Ene 37.75 id's Hiram Walker 46.50 CUT', Imperial Oil Imaaca 76.00 J'IQ Imperial Tobacco 3S.GO 971 fnt. Nickel Pipe 2fl.75 jon Inv. Group "A" I'M fnt. UtJIities MEW (2 fcr 1) 31.42Va 0, Indust. Accept. 71.12V3 Yoc 10.87Va M _ Kelly Uouglai A 7.87V] LS Loob 3.5S 9-75 Loblaw "A" 6.50 2? B7IA St. Ferg, 13 7i Diced. 24.62Vj 13.50 Moore Corp. 48.15 fViolsons "A1' 79.25 12.13 Worsens "B" J2.25 Morlhern Cent. 12, SB 21-00 power Corp, 5i-75 Prirc Co. 9.87Vj l-'.W 21.25 19.50 si, LawrejiCS C. 20.CO shell Cda 52.75 4 D. Simpson's 8-25 simpsons-Seari 38.50 3-00 steel of Canada 35.50 ,71 Selkirk "A" 25.01 24.75 Texaco 54. SO rf 1.65 Traders Group A d. Trans Mt. Pipe 1A.A2W Trans Can Pipa 44.50 5.12 Vi Union Gas ll.liVi Union Oil 4S.DO 29.00 Versatile Mffl. 6.00 15 50 Weslcel 71.25 ?7 bVh Union Carbide 17.00 Weston's "B" 21.25 17.61Vi Woodwards "A" 27.25 qe 31 M West. Cdn Seed 6.00 15 E.7Vi 7eni1h Elec 3.05 29.25 Cdn Imp, 27.50 Wontresl Nova Scotia M.fiZ'A 27.75 Royal 18.62Vi Toronto-Dam 3-1.1 2W stocks Securities oE Canada) IITW 20 Golds 92.7? off -04 E2.00 10 Base Wli 90.03 off .15 316.50 15 Oils 25J-79 up .5a 3 75 u me 1 2525 NEW YORK AVERAGES 37.00 30 Indus! off .63 il.mi 3D Rails 216.11 off 1.51 ll'jl 15 utilitiES 1I0-78 WP M VERAGES Stocks 303.50 off ,65 6 off .04 Volume nt SHANGHAI (AP) A new nood of openness was notice-ble in Chuia as the country etebrated the 23rd omriversary f the Communist takeover. One example was provided jy Chinese who seemed to have ittle hesitation about telling vesterners in a public park hat former defence minister -.in Piao was a "traitor who vanted to restore ind that membes of Ms family died with him in the Trident >lane which crashed last Scp-ember in Mongolia. The news about Lin, who once was designated the heir of Vlao Tse-tung, is not parti cu-arly new. It long has been rumored abroad and was confirmed by Chinese in high places In Peking and elsewehrc two months ago. What made these statemen s startling is that they came not from a high official, but from a clothing .store clerk, a newspaper man and a member of a ocal revolutionary committee. They made them in a Shanghai park to America: journalists in the presence of about 20 Chinese bystanders. The comments showed the es-tent to which China in recen months has become a more open wo mood i Not everything can be said on ly subject. But compared to e tight secrecy which pre-ailed on political Issues when s writer last visited China in pril, 1971, the change seemed lenomenal. Last year Chinese In official ositions spoke freely about leir personal lives, which os-jnished resident correspond-nls and diplomats. But they rew the line at political topics. lat was China's business and ot to be shared with visiting orrespon dents, they indicated. People who probed too eeply, were given short nega-ve answers. But the new mood of open-ess was mirrored in 23rd celebations through ie country Sunday. Instead of lassive parades of official in Shanghai, there vas informal entertainment in he public parks by jugglers, acrobats, musicians, actors, gymnasts and children. Teh mood was that of a coun-ry fair. In Peking, the anniversary was marked with parties In and "hundreds of thousands" watched operas, theatrical productions and sporling Hsinhua, the Chinese news agency prices Winnipeg Groin WINNIPEG (CP) Oilseeds were stronger on fair volume of trade at mid-session of the Winnipeg grain exchange today. Exporter, local and commission louse buying sent prices fractionally to more than two cents higher in Thunder Bay and Vancouver rapeseed futures. Flax was more than two cents higher in the distant futures after opening strongly. O.its and barley were steady to fractionally lower on domes-ic siiippcr buying and rye was moving fractionally in both directions on local and commission house trade. Volume of trade Monday in-c uded bushels of flax, of rye and of rapeseed. Mid-session prices: Flax: Oct. not open; Nov. unchanged Dec. 23k higher 3.26; May 2 higher 3.33. Rapeseed Vancouver: Nov. higher Jan. 1W higher 2.753.4; March higher 2.7-Ri; June 2 higher 2.71. Rapeseed Thunder Bay: Oct. Vi higher Nov. IIS higher 2.5431; Dec. 14 higher May iyrices per head. Bred sows and gilts sold from 87.50 to 97.50 per lead. Boars 36 lo 121 per head. Butcher togs sold Monday at the Lcthbridge yards 37.20 base price. One lot of hogs sold at 29.30 liveweight. Calgary livestock CALGARY (CP) Receipts n on the Calgary livestock mar ket to 11 a.m. totalled 1.50C d head, mostly butcher steers n and heifers. Trade was moder ate. Butcher steers were unde pressure with prices 50 cents trovince. The new plant will bring to million the amount invested by Stelco in Quebec in the past 15 years. WINDSOR, One. (CP> -Radovan Stajic, a 34-year-olrl rord Canada worker in Vindsor, went back to Yugoslavia last summer to see bis amily. He was arrested hv auttiorilics in Mostar and charged wilh participating in hositle activities against the slate. The Indictment alleges that S ajjic joined the extremist emigre organization Srpska Ka-nxTaa Odbrana (Serbian Na-ional Field Society) and dial le co-operated with the movement's leaders nnd supported its ideals of "scUinf! up vScrhia as an independent state." But Peter (Pcro) Bulat, national president of the Srpska N'arodna Odbrana in Canada, said, here Monday Stajic is "accused of something of which he is innocent." Bulat denied that the victim anization's aim is lo set up ai ndependent Serbian state. H aid the society was organize n 19-12 to organize Canadia elp for the war effort in Yug avia, nnd since the end of th Tar lias worked in propagatin erbian culture among new C adians of Serbian origin an ieir children. NOT A CHIME are against comimm sn 's true, but that is not a cr n n Mr. Bulat said. "Stajic was not even an a ive member of the society. 1 night have been a sympatbiz vifh our work hut he was ce ainly not guilty of the charg ic is now facing in Yug slavia." Mr. Slajic's wife said she lot aware that her husband 1 ongs to any organization. S met him in Windsor and th vere married six years ago. Stajic came to Canada eig years ago after he fled frc Yugoslavia to Austria, the gosfav government newspar Borba said. It claimed he h fled Yugoslavia while nnd criminal invcstication. Mrs. Stajic said her 1ms >a decided to go lo Yugoslavia a visit to his parents and bro crs and sisters. He left Wind. July 2 nnd was due to rein laic the same Calif. (AP) t steam-powered bus has fin shei o nine days of regular service here in a program de s signed to reduce smog in urba s centres, the AC Transit Co. ha t- announced The bus, developed by Berk Saturday, ond give! you hi! on-iwerj lo some million-dotlar questions. IN YOUR IETHBRIDGE HERALD WEEKEND 37.14. 36.85, average Monday 30.53. Lelhbridgc: Nil, averag Monday 37.20. Uoydminster: Nil, averag Monday SO. 50. Fort'Macleod: Nil, averag Monday 30.05. Grande Prairie: Nil, averag Monday 30.25, Hogs sold to 11 a.m. 358 Tclal sold Monday Avc age 37.07. Sows average today value MONTREAL (CD TJ dollar in terms of Canad funds down 1-32 at S0.93 Pound sterling down 3-16 NEW YOHK Canad dollar up 1-M at 1.01 21-32 terms of U.S. funds. Pol sterling down at ;