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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 12, 1972, Lethbridge, Alberta Toronto market prices decline TORONTO (CP) Prices on (he Toronto siock market drifted moderately lower in light mid-morning trading la- day. The industrial index, consid- ered a major indicator of mar- ket trend, fell .53 to 200.55, golds .12 to 192.23 and base metals .52 to 83.34. Western oils, however, were up .48 to 260.68. Volume by 11 a.m. was 000 shares compared with 000 traded by the same time Wednesday. Bank, communication, pipe- line and beverage stocks were sectors of the market contrib uting to its decline wliile chem ical, oil refining, steel and processing issues were up slightly. FEWER ADVANCES Declines held a slim leac over advances, 109 to 106, whil 191 issues remained unchanged Canada and Dominion Suga fell 1 to Thomson News papers to Westcoas Transmission to CFCT Communications 'A to an Royal Bank 3.s to Shell Canada rose Vt to Bridge Tank 14 to Unio Carbide VL to Texaco 1 and Burns Foods 'A f 518. Bankeno slipped 15 cents Tara Exploration Va and Giant Mascot 5 cen to Nobe Mines advance 12 cents to cents and Black Hawk 4 cents to Pan Ocean was off Vs to S15H and Sunningdale 25 cents to MONTREAL (CP) Banks led advances in most sectors on the Montreal stock market to- day. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 400 shares, compared with 000 at the same time Wednes- ay. Banks advanced .47 to 267.47, ndustriak .29 to 233.15, the ompositc .24 to 222.07 and pa- oers .09 to 90.96 while utilities vere unchanged at 155.66, On the Montreal Stock Ex- haitgc, Rapid Data fell 1 to Imssco Ud. and to 26'A while Shell Canada rose i to On the Canadian Slock Ex- hange, Gold Hawk Mines losl wo cents to 23 cents on >harcs traded. NEW YORK (AP) Dashed >y lack of progress at the rcgu- ar session of the Vietnamese icacc talks, the stock market ,ook a plunge today. At noon, the Dow Jones aver- age of 30 industrial stocks had fallen 8.28 to 938.14. Declines outpaced advances by 3 to 1 on the New York Stock Ex- change. Dome Mines and Mclntyrc Porcupine both fell to and respectively. Inter- national Nickel was off to Massey was to At noon, the New York Stock Exchange index was down .41 to 59.53. The price-change index on the American Stock Exchange was off .06 to 25.89. Canadian Marconi was off Vt at Plan fails to solve problem CALGARY (CP) A P'a" by the Edmonton public school board to slart and end the aca- demic year a month earlier fails to solve a basic problem, chairman Dcloy Sallcnback of Ihe Calgary public board said Wednesday. "Edmonton's proposal mere- ly shifts the time of the school year as opposed to more use of .he facilities and it's only a small attempt." Edmonton trustees Tuesday agreed to advance the start of school one week each year un- til classes begin in eariy Au- gust. The end of classes would move ahead correspondingly with the aim of balancing the number of days before and alter the Christmas break which then becomes the semes- ter break in high schools. Mr. Sallenback said the pub- lic has clearly indicated it wants a reassessment of the school year and use of facilities year round. The concept of a summer break is traditional to an agri aran society, he said, "but i doesn't hold anymore as we're becoming more and more ur banized." Employers also want change and although the Cat board has yet to debate the subject "I don't think we can keep it aside much long- er." Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian Innds unchanged at Pound sterling down 3-16 at 11-10. NEW YORK (CP) Cana- dian dollar up 1-32 at 53-64 in terms of U.S. funds. Pound sterling down 3-32 at 61-64. WESTERN CANADIAN SEED PROCESSORS LTD. NOTICE OF PARTIAL REDEMPTION TO THE HOLDERS OF 7% SINKING FUND DEBENTURES, SERIES A OF WESTERN CANADIAN SEED PROCESSORS LTD. DUE NOVEMBER 1, 1980. NOTICE IS HEREBY GIVEN thai pursuant to fho Trust Inden- ture mode aj of October 31, I960, between WESTERN CANADA SEED PROCESSORS LTD. and BRITISH CANADIAN TRUST COMPANY, Trustee, succeeded by Ihe CANADA TRUST COMPANY os Trustee securing such debentures, principal amount of 7% Sinking Fund Debentures Series A of WESTERN CANADA SEED PROCESSORS LTD. bearing lha under-mentioned distinguishing numbers and letters and of the under-mentioned principal amounts, have been drawn by lot by the Trustee for redemption (in whole or in part) out of sinking fund monies on the 1st day of November, 1977, and such debentures or the portion thereof called for re- demption will therefore, be redeemed on the 1st day of November, 1972, al the principal amount thereof upon surrender of the sold debentures with all unmalured cou- pons appertaining therelo in lawful money of Canada, at the Canada Trust Company, 3rd Avenue and 7th St. Soulh, Lethbridge, Alberta. Coupon Debentures In denominations of each colled in full: A1470 A1492 A1530 A1532 A1536 A153S A1570 A1583 A1593 Coupon called In full A0002 AGO 10 AOOU A0021 A0025 A0039 A0052 A0057 A0073 A0074 A0093 A0097 A0111 A0115 A0119 A0123 A0124 A0125 A0156 A1598 A1605 A1614 A1618 A1635 A1656 A1681 A1682 A1689 A1706 A1707 A1734 A1752 A1764 A1790 A1791 A1829 A1848 A1853 A1854 A1857 A1859 A1883 A1900 A1901 Coniiuco offered grant KIMBERLEY, B.C. (CP) Cominco Ltd. has been offeree a million federal grant from the department of region al economic expansion to es tabh'sh a copper smelter here Guy Downey, Cominco man ager at Kimberley, said a gran also was expected from the provincial government. He said he could not comment on the smeller possibility until word was received from Victoria. Two share Nobel prize for medicine STOCKHOLM OH SALE a.m. Uuoles) a.m. QuoTei) Hugft Russell Husky Oil Husky Oil B -il War a.m. Quotes) WESTERN OILS Almlnex Atta Eaif Cat Ashland BP Oil Can Souto Cdn Ex Gfli Homeird Inter 4.23 7.65 13.35 13.M 6.15 S.OS 3.8t> r Cdn Ind Gas Oil Pacific Cdn Super 33.00 Halnlct Cdn Long Is Charier Chieflan Dome Pels Gt Plain? 3J.47 9.00 1.93 Gr Equity Invest Mutual Mutual Ac ui war n Prov 13.I2W Myual Or F Steel Kaiser Res Loblaw Pfd i Principal Gr Gr .35 Sandwell Tcledyrve Wesr Cdn 41.50 Gt Cdn Oil LocMel Norlh Cdn O1 Numec Pancdn Pan Perrol Pinnacle Place Gai Ponder Ranger Scurry Rah Spooner Seibens Total Ulster Decalta Pete MISCELLANEOUS INDUSTRIES 5.87W 13.00 65.00 Whlre Yuhofl Wesfor Pld CALGARY Ac rail Norm Conl -01 Wc-st Warner .37 15.00 PIPE LINE STOCKS Brlnco Cdn Brew A Cdn 8rew B Cdn Pacific fnv Crcwsnest Inti Cvgnuj A Cynnus B Fa (con Copper Genslar Home A Home B Hud Bay Co Hud Ray Oil Bay Pfd Alta Gas "A. '550 Alta Gas Pref 68.50 Alta Nat Gas 3Q.JO Inland Nat Gas 17.50 N and C Gas N and C D PFd 26.50 Pacific Trans 15.75 Gaz Metro 4.BO Metro A 1.35 Trans Cda P 4.30 Trans Cda B 10.62V'j Trans Cda A Trans Cda War WC Trans WC Trans W1s Si.50 H.SO United Ac Universal Vanguard VANCOUVER MINES AMon Alias Explor Bath Norse Brends Churchll Copper trc-yden Davenport Dolly Varden Dynasty Equilorlal i Fwl Clan! Gralsle ?.I3 13.42 13.S8 V95 Ail 6.0? fi.70 5.13 7.47 5.37 3.90 i.M 620 491 5.39 4.94 7.22 8.16 892 5.48 6.01 8.2Q 9.01 909 9.9i Thurtday, October 12, 1972 IHE LETHBRIDGE HERAID 25 trends post increases mont .22 3000 23.75 27.25 26.12Va Alt 'cdri "com All Cdn Dlvld All Cdrt Vent Amr Gr F AGF Special Cdn Invest F 8.00 ccl Mutual 11.62V2 Cmnw Inler 15.00 Cmnw Lev Cmnv; Vent 3d.50 Corp Invest 17.75 Corp In St 44.50 53.2i Valley Copper INDUSTRIAL 9.0S Block Bros 3-W 9.05 B.C. Sugar 20 CO 4.10 4.48 B.C. Sugar Pfd 14.50 EDMONTON (CP) Major ndicators of business trends in Alberta posted advances In uly and over-all increases for he first seven months of the -ear, the provincial govern- nent reported today. To the end of July, farmers' casli receipts totalled mil- ion, an Increase of million :rom the same period last year. Cash receipts from crops de- creased by four per cent to million while cash receipts (rom livestock and products were up 23 per cent to S297 mil- lion. The value of manufacturing shipments advanced by 14 per cent in the first seven monthb to billion and reDncry pro. duction increased by 30 per cent ,o the cud of June to 25.6 mil- ion barrels. Retail trade remained weQ above the 1971 total for July, wringing the seven-month total to billion, compared with billion at the same tima last year. Sales by motor vehicle! deal- ers in the province Increased by million to mil- lion. The value of building permits In Alberta totalled million in the first eight months of the year, a 10-per-cent over the same period In 1971. 6.8? Capt Inter 3.77 Ccl Brew 5 23 JJ4 Crestbrook F IneJ 6.79 7.46 Hys 14.71 16.16 Key Inclusl 4-03 4..I3 Pacific VI Air 8.07 8-B7 stampede In1l Rea 6.18 6.7S OILS in ai F 5-71 Albany Oil iyfus F U.S. 12.5J Plains Pete Gr In Snares -i 25 i.fta Explor TACKLES ish Author Geoffrey Moor- Iiouse, 40, sets out tliis week to cross the vast Sahara alone by camel. No one is known to have made the SjGOO-mile journey from the Atlantic coast to the Nile River alone. Livestock report Toronto mines, industrials Grain price review Winnipeg Grain (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) Nwfex .21 Dolasco OslsXo .211'; Cable Advocate Asb. 1.45 Pine Point 38.St Ford of Am Akaltcho .53 Placer Dev. J3.00 Grt Cdn Oil 1.95 P.C. Exp. 3.CD Gen iViot Quebec fAan 16.75 RayrocX Rddiore ;00 Quotes) MINES Ac Broulsn Bethlehem Brunswick Cdn. H.W. Land Canada Tung. Casslar Central Pa! Chlmn Conwest Rambfer Coin Lake Cochenour Craigmwit Dlckenson Mines Denlson Mines Deer Horn D'EltJona Dome DcnAlda Discovery Mlruj East Malartlc Eest Sirllivan Falccnbrlcfge Frotex Flral Giant Y.K. Bovls Grand uc Headway R-L. Kolllnger 38. St J3.00 3.CD .11 1.03 i.50 ____ SheffUt Gcrdcn 1.15 Silver Wilier .98 Steep RocK. 6.15 TeK Corp, 1.61 Texmont .09Vi Upper Canada Western Mires 4.50 Hargreav WiilroY 29.00 .06 Yellowknlfe Bea Zcnrnac 6.53 Grt Lakes Pp Gulf Oil Cda Grtyhnund HawKer Sid E, E Hiram Walker .01 Imp Oil Quotes) 27.87V'a 18.75 75.00 9.00 75.25 15.75 38.12 W 20.50 3.95 33.25 46 00 WINNIPEG (CP) Feed grains were continuing on a stronger price pattern at mid- session of the Winnipeg Grain Exchange today. Oats and harley had good do- mestic shipper buying while rye, reflecting a strong Chicago market, was about one cent higher. Rapeseed was firm on good exporter and commission house buying and flax also was strong on li ght trade wi tl. hedge selling in the deferred months. Volume of trade Wednesday included bushels of flax, of rye and oi rapeseed. 2.66 2.90 .C3 Inl Nickel Int Inv Grp A Int Util Ind Accept Kaps Laurentide Kelly Doug .40 INDUSTRIALS 2.16 55.75 .32 .51 2.00 2.SO 5.50 W.5Q S1eifsfcnt 1003 4th Avenue S., Lethbridge Telephone 328-4426 i-ocessint BARRIE, Ont. Con- scrvative Leader Robert Stanfield called here an the (ovemment for an immediate ncrease in the old-age pension and supplement to meet the ris- ing cost of living. At a news conference here he also called on the government o increase Ihe government Mansion on a month-by-montti >asis rather than one yearly increase. Mr. Slanfield, visiting nine communities in southwestern Dntario, was commenting on cosl-oMiving fipirros rcicased Wednesday by Statistics Can ada. He also told the news confer- ence he will make a statement before the Oct. 30 election out- lining his party's policy on for- eign ownership. He said it would Involve the use of in- centives to encourage Cana- dians to Invest risk capital. At Orangeville, where lie was joined by Ontario Premier Wil- liam Davis, Mr. Stfflrfield spoke to about 400 students at the Orangeville district secondary school. He said his government would be committed lo remov- ing the capital gains tax on family farms when the transfer lakes place between families. About 300 greeted him on Main Street in Alliston, Ont., where he promised (o create op- portunities for ivcrybody and help those on welfare and un- employment insurance get back to work. CORRECTION! On page 5 of our Fair section in last ntghr'j Herald, two identification letters on tool box illustra- tions were transposed, and should have been identified as follows: m-Craflsman Mechanic's Tool Box. Reg. 8.99 3-Drawer Roller Cabinet Reg. Sorry for any inconvenience! 65.99 Tentative M-F pact readied Western briefs TORONTO (CP) A tenta- tive agreement has been reach- ed between Massey-Fcrpuson Industries Ltd. and striking United Auto Workers memlwrs at Toronlo and Branlford. Onl.. the union aJinounced early lo- day. The Lethbridge Chamber of Commerce "CRISIS IN THE OLDMAN RIVER BASIN" A WATER USER'S CONFERENCE LETHBRIDGE COMMUNITY COLLEGE GYM Fri., and Sat., October 13th and 14th. Registration Frl. o.m. Regular (includej Friday lunch) Students PROMINENT SPEAKERS- MR. REG. BAItEY "Wnler Righti and Water Allocallon" MR. EGON RAPP "Polenliol for Improvement of Waler Use Efficiency" DR. JOZCEF TOTH ond MR. OREST TOKARSKY "Subterranean Water W. S. (Bill) RUSSELL "Woler and (he law" MR. STUART SMITH "Society and Pollution" DR. TKERON SUMMERFELDT end MR. D. N, CRAVELAND 'Pollution In the Oldman THE PUBUC IS INVITED TO REGISTER AND ATTEND. ;