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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 5, 1972, Lethbridge, Alberta IT] Calgary, Montreal (Supplied by Dohcrty, McCiinlg (Pla HID OK OILS HusKy Oil 15.75 Invell Gr P T1.J3 Market 410 Husky Oil B -I3.0t> Invest Mulual 5.74 Alia Easl 15 Husky Oil Vlar l.Ui Mutual Ac 6.13 Asamera 11.25 Inter Prev Pipe IXIZ'A Gr F Ashlond 13.00 Inler Sled Nat Res 7 52 8.2! BP Oil GBJ 4.05 Kaher Res 2.M i.ll (CP) The pri- 1 mary threat facing the Canadian textile industry is a grow-ng volume of 11. I'l at the instill ing that Cai largest impoi South 8.00 Loblaws Pfd 31.00 COn Ex Oas 385 Manags 2.W Principal Gr 4.94 products coming into in t in early Homcsld Pacific Pels M.m1, tf. Ji! Cdn Ind Gas Oil Rainltr 650 5w i'51 -dinar SI lanrlwpll 1 7S United AC 6.0i Can Super sanawen Universal Say fl 912 Cdn Long I) ,36 Teledyne vannnarH fl'n in'm Charter 4.W Cdn Seed 6.00 I'S Dome Pets White Yukon 12.25 Un'VeS' from outside, the chairman of the Canadian Textile Institute said basis. "In 1971 record 437 m per-cent inc Plains 3.1.00 Wcstlfeld filled TORONTO (CP) Prices on he Toronto stock dipped .74 lo 2W.58, papers .32 lo 92.21 and Cdn Oil '.W) CALGARY Aflon .20 Lochiel 1 83 Acroll .75 Alias .63 NoMh Cdn Oil 5.50 Nwlh Cont Bath Nurse Mr. Pi car topped moderately lower in ight mid-mornir.g trading to 157.69 while induslria s rose .27 lo 232.47 and the composite .09 lo 222. 21-50 Wesl Warner .37 Brenda 4-50 P.incdn Pelfl 15.00 PIPE LINE STOCKS Churchill Copper .S? Pinnacle Alta Gas A CroytJcn .07 Place Gas Alra Gas Pref AS.OO Davenport develo dominate UK market but .ay. The industrial index, the Montreal Stock Ocean 16.62'A Alfa Nat Gas Dankce .M Pefrcl 1 36 Inland Nat Gai li-lS Dolly Varden from les 'red a major indicator of Falconbridge .55 N and C Gas Dynasty (CP) where ket trend, fell .65 to 210.71 a point lo SCOK and 7-f.OO N and C D Pfd 24.50 Lquitonai _iv Scurry Rain 14.75 pacific Trans 12-75 Fort prices fell off as much low. metals .14 to 90.M. ?i to while -75 Gaz Metro 4.S5 Giant Mascot Vz cents in a quiet local mu utwever, increased 1.91 rose 'A lo U.25 Gar Metro A Pols 7.50 Trans Cda PIw 46.50 Lwnex house trade on the Cai 94. G9 and .01 Ihe Canadian Slock '--J5 Trans Cda D Jl.CO Lytlon Minerals Grain Exchange mo Fallinger dropped Decalta Trans Cda A Pere 11-00 Trans Cda War 14.00 TT c tNDUSTRIES MUTUAL FUKDS futures, also declined prod 000 traded by 27.23 G, Paci1iC 5.3J ValeV Copper B-75 Brinco AI[ rdn Com B 3-1 91? house selling. a fract YORK (AP) Brew A 23.75 Aij Cdn Divid 93J Block Bros fractionally off Among sectors of tlie lower in today's Brew B 3J.50 Cdn Vent 4.55 B.C. Sugar 21.62V Cdn Pacific Inv 24.75 Amr Gr F 6 34 6 77 B.C. Sugar PFd close, barley posted PRIC contributing to over a broad range Ind 27.50 AGF Special Capt Inter on commission said 1 aank, beverage, pipeline Trading was fairly A 8.00 cdn Invest F 5.74 5.74 Columbia Brew 3-25 Cygnus B 8.CO col Mutual 6 W 7-53 Cresthrook F Ind and limited in food Copper T2.00 c'rnnw Inter 14.82 16.29 Hys support. Rye chemical and loan noon Dow Jones 14.e7'A Lev 4M 4 4 Algorna Steel Alco Ind Sugar Aora Ird Bell Tel Brazil Trnc B.C. Tel B.C. B.C. Sugar Bow Val Ind CAE Ind 3.W) fdn Drew l.u Cue nice 11 .'JlV'a Col Cell 9.EO Calgary Power 2t) Coron Credil Gas Pfd 2.fO Cdn Ind OS Cdn Marconi ,63 Cdn Vickcrs .83 Chrysler C.P.R. Cominco Cons Bath 13 Cons Gas 15.62Va Disl Seagran-ii 8.00 Dotn Bridga Domlar .33 Dam Te> Grt Lakes Pp Gulf Oil Cda Greyhound Hawker 5id Hur Eric Hiram Walker 1.8S Imp Oil s.oo Imasca In1 Nickel 3.00 Int Pipe 5 95 Inv Gr A Int Ulil Ind Accept Laurentlde Kelly Doug A toeb Loblaw A Met Stores Wiassey Ferg McMillan Moore Corp AAolsons A Wiolscns B Norm Cent Corp Price Co Rothm 19.00 75.00 9.00 15.75 37. 62 "A 21.00 3.85 10.DQ 71 .12 31.00 11.25 12.75 7.87 V4 3.W 14.00 13.50 5.75 70.50 54.50 17.67V 8.HI Shell CDA Simpson's was bushels of flax, Of labor rates. cost in Canada because MONTREAL (CP) slwremau telephoning A long- Uie 2475 46.CO Steel of Cda Selkirk A Texaco Traders Grp A Trans Mm Pp 11.75 Trans Cola Pp 16 Union Gas 5.17tt Union Oil 10.75 Versatila Mfg 39.00 15.5D Union Car 27.75 Weston's B A Cdn 4050 Do Stores Oomc Peie Dofa 37.W 33.15 16.CO 59. ?5 15.75 42.00 37.75 Zenith BANKS Cdn trnp Montreal Nova Scolia Royal Tor-Dom 46-25 27.25 28.00 12.50 13.2S 10.00 53-50 I 26-00 35.75 75.00 19.50 22.75 46.10 13.621'j -17.75 6.0Q 21.50 70.00 6.00 3.55 2MO 35.25 2.R39.000 of rapeseed and 000 of rye. Mid-session prices: Flax: Oct. U, liigher 3.63; Nov. 1 lower 3.443; Dec. 1 lower 3.28 May 2 lower 3.36, Vancouver Rapeseed: Nov. 1 L lower 2.8-1 Jan. 2 lower 2.78; M arch 2 lower 2.75B; June not open. Rapeseed Thunder Bay: Oct. 1 lower 2.53 Nov. 1 Vi lower 2.55A; Dec. unchanged 2.53A; May lower 2.62 ]AA. Oats: Oct. higher 83A; Dec. lower 83 May lower 84 July lower 84 Barley: Oct. 1 '.a lower 1.24 Dec. 1 >4 lower 1.24'i; May 1 Vz lower 1.27 July lower 1.28 VaA. Rye: Oct. Vs lower 1.18 Dec. lower 1.20 May 1 Vs lower 1.26 July not open. The only way to give domes- tic producers "a fighting chance" in tills situation is through import quotas estab- lished and administered by the Canadian government, ho said. Since the government estab- lished the clothing and textile board in late 1970, he said, there have been seven inquiries, into claims that the Canadian industry is suffering from low- cost imports. Grain quotes (bais High Low Flax Oct 36214 Nov 345 Dec May Wednesday New York stocks (Supplied By Richardson Secnritles ol Canada) Amr T and Anaconda Beth Sice] Chrysler Comsat Oupooi CM Gull Inl Harvest Kenn Coopei J8-37V1 Sears -20 Golds 195-87 up 3.CW Oil of M J. 83-50 10 Rase Wet 50.50 off .18 76.50 Texas Gull 15 W Oils 261.36 7? 75 Texas Co 37.00 Volume VJickes Corp 73.75 HEW YORK AVERAGES 167 M WoolwoMh 35.67'A 20 Indus! 4S.S3 off 7-95 73.63Va Westinghojse Elec JO-SO 20 Rails 216.07 o1f -50 23.35 U.S. Sleei_ 15 Utilises 111.43 up .M .17 Close 362 345 327'i 330 335 338 Rapescccl Vancouver Nov 285V2 28512 Jan 277'i Mar 277 Jun----------------- 273 Rapcsccd Thunder Bay Montgomery V2.1S M Irdust 210.SO off .56 Adjust price VANCOUVER (CP) Co- minuo Ltd. announced today an adjustment in its domestic piicc for bismutii of a pound from "a pound for ton lots and to a pound from a pound for less than ton lots. The increases were effective Oct. 3. Dollar value MONTREAL (CP) U.S. dollar in terms at Canadian funds unchanged at 5-lli. Pound sterling down al 5-16. NEW YORK (CP) Cana- dian dollar down at 1.01 11- 16 in terms of U.S. funds. Pound sterling unchanged at 31-M. Livestock report Calgary livestock Oct 255', 2 Nov Dec 253 May 2631! Oats Oct Dec 837 May 84 Jly Barky Oct Dec May Jly Rye Oct Dec 122 May Jly 252'.1 255 23S CALGARY (CP) Receipts on llic Calgary livestock mar- ket lo 11 a.m. totalled 710 head, mostly slaughter sleers and cows. Trade was active. Slaughter steers and cows met a good demand at fully steady prices. Slaughter heifers were scarce and prices strong. Bulls were strong. Choice slaughter steers 31.75 lo 33.50, good 30.50 to 31.75, medium 29.50 to 30.50. Choice heifers 30.50 to 31.50, good 29 to 30.25, medium 27.50 (o 29. Good cows 25.50 to 26.50, medium to 25.25, canners and cul- ers 19 to 23.25. Good bulls 27 to 2950. Replacement catlle were icarce with all classes fradinc actively at strong prices. Gocx 'ceder sleers 750 pounds anc SALES REPRESENTATIVE Due fo Increased sales volumes and addilional producls, we wish lo increase staff in our deafer department. We offer good right man. benefili ond potential for ihe Please reply Tn confidence giving full background, educalion, experience and marilal status toi SALES MANAGER BOX 978 RED DEER, ALBERTA THE AMA7ING FURNACE THE SI Z E OFA COFFEE CAN THAT HEATS A HOME, RETORTED HERE OVER 3 YEARS AGO, IS ABOUT TO HITTHE MARKET. WATER TURBUtENTCY CIRCU- LATING TH ROJSH A MA7EQF FUSED METAL BALLS iVWJJES THE DIFFERENCE... ByGene UHITMOTMUCHLARSEK nore to 36.50. Less ihan 50 pounds 36 to 38.50. Good eeder heifers 32 to 36.50. A ew common lo medium slock leers calves 42 to 46.50. A few lock heifer calves 38 lo 40. No hogs sold. 127 841i 126 126 123'i 129 120'A Goyer: jail pay project works M7ell TORONTO (CP) Convicts in a federal to work on a prison construc- tion project at an hour- are performing at the same rate as outside workers, Solic- iior-General Jean-Pierre Goyer said today. The prisoners In turn pay the government for room and board, income tax and unem- ployment Insurance, send money home to their families and save what they can, Jitr. Goyer said in the text of a speech delivered lo a Toronto Junior Board of Trade criminal rehabilitation conference. Tlie represents the fed- eral minimum hourly wage which rises lo an hour Nov. I. Federal prisoners are gener- ally paid 85 cents a day for their work. fices of the Maritime Empoy- ers Association here Sunday evening will begin a unique ex- periment in ship cargo handling planned eventually to link this port with those of Quebec City and Trois-Ri vie res. The longshoreman will an- nounce liis work number and be assigned for duty Monday on a ship docked somewhere along MonlreaVs 12 miles of water- front. The assignment will have been worked out a com- puter. "There's nothing like this system anywhere else in North j America and as far as I know in the whole said Ar- nold Masters, president of Ihe MBA. His association groups management of the three ports, Under the new system the 51 companies using stevedores in the port will place Iheir man- power needs at 4 p.m. for the following day. When all the data Is in, the computer is programmed to de- termine the freight-handling jobs available and to fill them under Ihe provisions of the col- lective agreement wilhin five minutes. The computer will also be used lo administer Ihe mil- lion annual payroll for Ihe longshoremen in Ihe three St. Lawrence River ports. man will be assigned as an In- dividual. For management there Is th> advantage that each job will ba handled by the exact number ol men needed and not by an arbi- trary group of 17 men, and with the men staying on one job un- til it is completed, efficiency should also be increased, Mr. Masters said. He also noted that with s fairer distribution of work among the men, the working atmosphere should proved. Peace talks sides still Car apart PARIS (AP) The Viet !ong said today that the wide gap between conflicting posi- :ions at the Vietnam peace alks "makes Ihe solution lo any substantial quesfioiis im- Mme. Nguyen Thi Binh, chief delegate of the Viet Cong's provisional Revolutionary gov- ernment, told the 162nd session of the deadlocked talks lhal Uniled States peace proposals are "ullerly unreasonable and ;roundless." Her statement followed a dec- laration by North Vietnamese chief negotiator Xuan Tluiy Lhal "up lo now the positions are far apart on political and military questions." Mark holiday TORONTO (CP) All Cana- dian stock exchanges, the Win- nipeg Gram Exchange, and other commodity markets -will be closed Monday, Oct. 9, for the Thanksgiving Day holiday. Monday also is Columbus Day in the United- States but stock exchanges and the Chi- cago Board of Trade will be open. Tlie only commodity mar- kets operatin g will be New York cottonseed and potatoes. Mr. Goyer, minister respon- sible for the Canadian penitentiary service, said the construction job is a pilot proj- ect at William Head, B.C., that "is going extremely well." CITES LAZINESS But, lie added: "I will be sat- isfied only when we have gotten rid of the atmosphere of lazi- ness that prevails In our in- stitutions. Therefore, when this project is completed, we inlend to find other ways to put our inmates to work." Mr. Goyer said the project Is part of a long-term rehabilita- tion program essentially aimed at reducing the habitual relapse to crime and consequently to A similar system, planned [or Vancouver, has not yet been put into operation because management and labor cannot agree on how to do so. WORK GUAHANTEE1) 1 Effective' Oct. 15, as the re- sult of a recent arbitration de- cision, Uie St. Lawrence River longshoremen have a job secur- ity provision in their contract guaranteeing them 40 hours of pay or per week. "In effect, we've created a normal, industrial, personnel- handling situation out of a pool labor force, which is quite a Mr. Masters said. Until now, there have been I7-man gangs of longshoremen working in the port with an- other 700 men working in the freight sheds. No mailer how many men were needed for an Individual job, each gang foreman brought all his 17 men to work, and their job waa changed daily. There was no direct con- tact between the longshoremen and their employer. Under the new system, every Rebellion breaks out VIENTIANE, Laos (AP) A rebellion by 300 Pathet Lao troops against the North Viet- namese army has broken out In an area 50 miles northeast of Vientiane in Borikhane prov- ince, reliable Laotian military sources said today. More tlian 30 North Vietnam- ese and pro-North Vietnamesa troops have been killed in threa weeks of fighting, the sources said. Laotian government com- manders In the area have re- quested reinforcements to help the rebels flee lo government lines, the Informants said. Police seize drug shipment RIO DE JANEIRO TAP) Five bags containing 13S pounds of pure heroin with a street value of about S40 million were ferreted put Wednesday among Argentine sheepskins being unloaded from a New York-hound freighter, police said Five men and a woman arrested in connection with tha seizure, biggest in Brazilian history, authorities said. Police began lifting the cargo piece by piece from the United States-flag freighter Mormacal- tair Tuesday in their search for the heroin. It was found among cargo put aboard at Buenos Aires, said a shipping company representative. rctccsstng ana 1003 4th Avenue S., CWibridge Telephone 328-4426 JJ afa processings Beef futures WINNIPEG (CP) Live beef futures clnse Wednesday. Nov _ 34.30B; Jan 35.50; Mar 35.70A. Tuesday's volume: 10 con- tracts, WAS THE MONTREAL (CD The present cross on Mount Royal was erected in 1924 and first lit up on Christmas Eve of thai year. At Ihe lime the structure, more than 100 feet high, was Ihe largest illuminated cross In the EMPLOYMENT OPPORTUNITY! Young cjraduole under 21 years of age wilh Senior Matriculation as minimum, for sales and marketing. Must have desire and polential management capabili- ties. Opportunity to participate in an Albcrla company parfnership. APPLY IN OWN HAND WRITING TO BOX 121, HERALD This adtcrtisetnettl is not Iff be as a Public efering in any frcrince ff Canada unless a pr as ptdas relating thereto has been for filing by a Scttifitia Cotamisswn or timilar authority in tuck prorinu, Now EATON ACCEPTANCE C Sinking Fund Debentures (unsecured) o. UIMITID To be dated October U, 1972 To mature October 15, 1992 1'rice: 100 and accrued interest ITteoffering is turtle lyilicprospectusnnly tcoliuunaifrom the nndtrrsignfd. DOMINION SECURITIES CORPORATION LIMITED TORONTO HOJH3UL VANCOimn IAUFAK ST. OT ACIfiKt LAVAL BKwmono nrarasft October 1972 UHOTl EN3. PARli IfVWCE 10SIOH KIKMFIG CA1GART UUVTJOKI UOSCTOI QUEBEC SNLIWDKE: KTtaBMOUCH OSHAWA KAMiLTOK CT.UTHARMS IOIKW WCTOBH ;