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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 13, 1972, Lethbridge, Alberta 24 TH5 UTHBRIDG! HERALD frirfay, Otlobcr 13, continues downivard trend MONTREAL (CP> All sec-: over advances, 115 to 77, while tors dropped in lijiht trading on IW issues remained unchanged. the Montreal stock market to- day, Imlusirials dropped 1.09 to 230.67, papers l.iHj to 90.39, utili- ties 1.03 to 155.17. the composite 1.01 to 220.20 and banks .31 to 267.13. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 000 shares, compared with 400 nt the same time Thursday. On the Montreal Stock ctiange, B.C. Forest Products dropped to and In- land Natural Gas I1- to Sllri while Placer Development gained 2'i to On the Canadian Stock Ex- change. American Eagle gained three cents to 99 cents and Gaspe Quebec three cents to on shares traded. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Uohoriy. McCuaii a.m. fluofest 15.63Vj Inveit Gr F 12-36 13, 4300 Ji.m. WESTERN OILS Alia Cast Gas BP Oil Gfli Can South Cdn Ex CiJr Intl G.iv Svpcr West coast Transmission was off ti Cominco to Inbnd Gas 1 to Te- xaco L to So3 and Pacific Pete '.2 tO Brascan rose 2ns to Bow Valley to Hud- son's Bay Oil and Gas ri to S-55. Shell Canada 3s to ajid Acklans ]s to Gibinllar slipped ss to Bethlehem V, to and Shcrritt Gordon Is to Placer advanced :2 to and Noble Mines 20 cents to S'eljcns dropped to and Pan Ocean IB to CJn Lai Charter P-fe (31 Cdn Oil North Cdn Oil Nuniac Pancdn Pete Pan Ocean Polrcl Pinnacle Place Ga; Render sky Oil B 'Sky Oil V.'a er Prov Pipe 13.Ct) er Prav Slccl L: 37V; 7.75 4.00 43.7S Rainier SantJ'Aell 3.6S Tele-dyne Cdn Seed 5.87'.- f While Yuki Pacific Pfd Pete Mutual AC Mutual Gr F N W Ccln N W Gr Principal Cr Temp Gr United Ac Sav i 31 J.U 5 3; 3-13 5.90 6.T3 5.3J 651 7-19 917 88; i.-lj 5-Vi 8.16 8.97 8.9! 9.PO 5 95 6.57 1.D3 62.JO Western Pfd CALGARY Acroll .7; Ncrth Cent V.'sit Warner .37 PIPE LINE STOCKS Alta A Alia Gai Pref 63 JO Alia Nal Gas 20.62V ilami Gas tJ Scu ry Rain Tclol f'elc Ulster V.'. DocalFa West Pete M.75 ?1 We fr 12.67V3 12.50 Pipe Trans Cdn Cda _ Trans Cda A Cda War WC Trans Wts Brcnda [try con Churchill Copper Crcyden Dally Var Dynasty Forl Reliance Gidnl A'.ascol .35 Lytk 5 ES 6 >0 7.50 TORONTO the Edmonton Regional Plan ning Commission, wliich is res ponsibie for rezoning the land. A If Hav.kins, secretary-treas urer of Strathcona County, sai the study on incorporation, con ducted by Hu Harries and As sociates, should be completes soon. TON 1965 VOIKSWAGEN 1964 PLYMOUTH FURY 4-dr., Mi....... Iv Sommerfelt CAR SALES IUCKY 13 LUCKY 13 3rd Ave. and Si. N Phone 328-9441 Hog prices Gr, All Crti :111c DSvid Hc B Hud Bay Co lud Clay Oil Bay Pfd Hugh Ruisell 70. W TJ.37'3 Pyramid .33 2J Silver Standard -85 5.-JO Texnicnf .3? MUTUAL FUNDS Trojan .Ji J.8S S.30 Valley Ctjppor 5 26 9.C3 INDUSTRIAL V.83 Blcck Drcs -uo 4. .to B.C. Sugar 6.21 6S1 B.C. Suaar Pld 1J.75 3.75 Capf Inner X60 5.21 Columbia Brew 3 IS 7..J2 Hy.i 3 JD U63 15-29 Crcstbrock F Ind J.10 A Key Indus! .57 Sfj.i'l Cmruv Vent B.D3 B.E7 Pacific W Air li.CO 3.1. j 7'i Corp Invest 6.16 6.73 Stampede Intl Res ,65 17.35 Ccrp In Sf r 5.20 5 69 OILS Dreytus F U.S. 12.41 13.60 Albany Oil 1 Ci 50.121 Gr In Shares -1.24 -J.4S Plains Ptfe 31 4i.C'0 Gr Equity 8.26 ?.D7 Weil .08 8.CO 8.00 11.25 15.13 All Cdn Ven t Amr Gr F AGF Sp Toronto mines, industrials (Supplied By Richardson Secnrltics of Canada) a.m. Quaies) MINES LAST BID OR SALE (11 :DD a.m. Quoiesl Placer Dev P.C. Exp. Quebec tAs 23.CO 42.00 2.50 Ford TOO a.m. Qu cf Am t Cdn Oil 1.50 1' 0) 2.CO 2 (5 5.50 Ra.nbler Cochenour Dickenson Min 5 Grl Lakes Pp Gulf Oil Cda Greyhound Sid Htsr f. Erie Inv Gro A Fnt Ulil Inef Accept Kelly DDug A Lcblaw A Stores Ferg McMillan Bice Ccrp 20.12Vj IE CO 70.CO 20.CO tfl.25 2S.50 1.65 U.12V- Norlh a Cent Rorrirr- ins St. Law Ccrp Shell CDA Simpson's Simp Sears Steel of Cda Selkirk A 75.00 9. CO 75.62' 32.37 2E.fO 21. 50.62 3.5') 6.25 :O.LO 16.SO 33.00 10 T2 10 25 20.CO Tradei ?5.Ci 53.CO Grp A MO Pipe !dn Pipe as il J7.75 Mg Grain price review Winnipeg Grain WINNIPEG (CD U.S. pro- ictiem report wliich predicts ghcr yields on beans aiul corn in depressed oilsetxls on the Gruin xchange today. As a result of the report, Ihe Incajjo soybean market was inrply lower, and the Wiuui- market followed the pat- with rapeseed and flax rices one to six cents Mow revious close levels. Oats and barley liad a fair ilo- lestic sliipper trade bul were nil a price pattern. Rye vas on a dull Volume of trade Thursday iii- chidttl bnslicls of an on idling engines in park- ed vehicles. Of the 72 candi- dates, 3S mailed responses. STOP said Ed Kimpeen, Lib- eral contender in Peace Kiver, the "most ecologically ir- responsible" with 14 "unaccept- able answers." The lion said Keith Hancock, a So- cial Credit candidate running in was second with 12 answers considered wrong by STOP. March lower 2.705s; Juno 4> i lower Thunder Bay: Oct. lli lower 2.57; Nov. 2 lower Dec. Vi lower Hay Ws lower 2.GH4. Oct. 3'i lower 8514; May lower July Vi low- er UCh. Barley: Oct. lower Dec. Hs lower May lower W lower l.aa'z. Rye: Oct. higher Dee. unclmngcd May liglior July not open. Grain quotes CTIiursday (ba sLs Ilitjli Low Close, Flax Oct 364 3G4 Nov 348 Uec 329 326', i 326V4 May i tapcscctt Nov 297 289 289ft Jan 282 270 279ft Mar 27Gft 274Vz Jim 273 271 te Hapcsced Thunder Bay Darn Slcres Dsme Pete M.67Vi Car S9.CO Westoji's B 14.15 WoM'.vsrds A 17.10 Cdn 34.00 Zenith Elec UC0 BANKS ?e.37'.'i Cdn Imp Canada finances Israel projects TEL AVIV (Renter) Can- ada has agreed in principle to finance three major projects in Israel during the next few years, following an agreement to supply million worth of credit to Israel, a Canadian embassy spokesman said Thursday. The agreement lo finance an expansion of Israel's inter- nalional airport at Lod, a new plant and the modernization of Israel's rail system, was reached during Oct 25Ei1! Nov Dee 256'.2 May Oats Oct 87 May Jly 37 Barley Oct Dec May Jly nyc Oct Dec May Jly 257'A 256 264 Vi 85 86-1 i BG'i 258V1 259V 2 256 264% 86% 12C 129 129 123 12512 131 12511 12814 122 1231s 129 122V1 123 Vi 129 129 CALGARY (CP) The Cili- ary and Toronto stock ox- have reached agrcc- icn t tinder which Calgary racling information will he car- ied OH the Toronto ticker (ape ysl em, i L was announced 'hursdny. President J. R. Kimbcr of he Toronto exchange outlined agreement in a speech to ndusLvy and government repre- sentatives and said lie hoped it 'onld lead to still more co-op- at ion in t lie C an adia n sec u- ities business. Inclusion of the Calgary in- ormation on the TSE ticker, vtiich goes to 454 brokerage of- iccs coast-to-const, wilt give it much more exposure than at >resent. In addition, Mr. Kimbcr snid, :Iie Toronto exchange's clearing system will be used to process Calgary transactions. NO DATE MENTIONED No d ate wa s men t ion ed for start of the project becanR some mechanical details need lo iie worked out. "The co-operative efforts be tween Toronto and Calgary will hopefully lead to similar ar- rangements between the other exchanges in Mr. Kimbcr said. "Normally, exchanges arc extremely jealous of their own facilities. But, in Canada (here "One could be very hopeful .hat the present spirit of craEEon between the exchanges will lend to a stronger Cana- liiK capital market which will better serve Canada is a whole and each of its lions." The lext of his speech was re- leased in advance of delivery. sentenced years .5 is a move gether. to bring them to- No Scolia 35.25 33.50 New York stocks (Supplied By Richardson Securities of Canada) sears Strip-mining regulations tightened WASHINGTON y the Alberta Hog Producer marketing board: Sdmonton 36.85. A v e r a g Thursday 36.97. Red Deer 36.85. A v e r a g Thursday 36.53. Calgary 36.85. Average Thurs- day 36.92. no sales. Average Thursday 36.86. Lloydminster no sales. Aver- age Thursday 36.40. Fort Macleod no sales. Aver- age Thursday 3SM. Grande Prairie no sales. Aver- age Thursday 36.02. Total hogs sold Thursday 7, 026. Average 36.92. Sows average 2G.OO. Amr T nnd T sears T05.CO 20 Gofds 167.76 off 3.97 Anaconda 17.75 srd Oil cf NJ. 6750 10 Base 8ffl3 off 74 Beth Stee! 26 SO Texas Gu! 116.371? 15 West Oil 257.43 off 1.6! 2775 Texas Co 35.75 Volume l.W.rxM 37Va 35.25 fIEW YORK AVERAGES GM 75.12' j Westinqhouse Elec 30 Indu'r 57941 cff 801 Gulf 23.75 U.S. Sleel 27.75 30 Rails 3K06 off .31 Inl Harvester Gen Tel Elec 15 utilities 111.55 elf .13 Kann Copper TORONTO AVERAGES 65 Slocks 30371 off 167 Ward 23.75 20 Indust 707.97 ofl 1.2] Volume LIVESTOCK REPORT Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket lo 11 a.m. totalled head; practically all replace- ment cattle. Trade was active. All classes of slaughter cat- tle wore strong with Thurs- day's closing prices. Choice slaughter steers 32 to 33.70, good ,11 to 32, medium 2D.50 to 31. Choice heifers 31.50 to 32.60, good .10.50 to 31.50, medium 25.50 to 30.50. Good cows 25.50 to 20.50, medi- um 23.50 to 25.50, canners and cutters 19 to 23.50. Good hulls 27.50 to 29.50. Replacement cattle w ere mostly fleshy, yearly slccrs he- I twecn 730 and 1.000 pounds and light steer calves less than 400 pounds. All classes of year- ling steers and heifers were steady. Good stock steer calves met a good demand f-orn local buyers with one lot of cross- Military minis legislation clears himlle WASHIXTOX CAP) The House of Representatives ap- proved a system of bonuses, ranging up to to attract perons with needed skills for an all-volunteer L'.S. military. A military bonus bill was ap-! 55. Gcod stock proved by a vote of 337 to 35 i heifcr calves met a grind clc- and now goes to the Senate, j mancl with salcs to 41'50' One of the House opponents. Good heavy feeder steers 7.50 Representative Rerlram Podcl! to pounds 32.50 to 39.50. 'Dem. N.Y.i, called it a "kil- j Cnod feeder heifers more than lers for hire hill." Congress previously had ap- proved a bonus of lo at- tract combat personnel. KM pounds .31 to 33.3.5. Good and feeder cows 21 to 27. Good stock steer calvcs less I than 400 pounds 49 lo 55, more than 400 pounds 44 to 50.73. Good stock heifer calves less than 400 pounds 3d to 42, more than 400 pounds 35 to Hogs base price 36.85. Macleod Livestock FORT MACLEOD There were 886 cattle and calves sole! tliis week at Fort Macleod Auc- tion Market. There was an improved de- mand on fed steers and heifers. C o w s and bulk remained steady as did all classes of stoekers and feeders. Ixiw choice to choice steers 32.40 to 32.00; good 31.00 to 31.RO; choice heifers 31.00 to 31.60. Good cows 25.50 lo 2fi.50; heifery kinds 27.00 to 28.00; me- dium cows 23.00 to 24.00; good hulls 27.75 to 29.50; medium bulls 25.00 to 27.25. Good steers (670 to pounds) to 42.10; good heifers (650 to 700 pounds) 34.70 to 3fi.50; mediiim 32.00 to 34.00. Good sleer calves (.300 to 350 pounds) 50.00 to 53.70; (375 to 450 pounds) 45.00 to me- dium heifers 35.00 to 37.00; lights 42.00. NFU welcomes grain delivery price increase EDMONTON (CP) An an- nouncement by Justice Minis- ter Otto Lang that the ini- prices on grain delivered Farm Implement Dealer In Milk River requires the services of ci COMPETENT ACCOUNTANT Minimum experience: 3 years in o C.A. office or 5 years in other accounting functions. Applicants aro requested to sent! applications to Box 133 sidling experience, age, training and salary requited. to country elevators would ho increased Oct. 16 was welcom- ed Thursday by the National armers union. Bill executive as- sistant lo NFU president Roy said Ihe increased price would reflect the world )rice more clearly and would help narrow the gup between a farmer's cost of production and the price he receives for He that the increase is not a permanent solution "Lo the chronic farm problem of uncertain prices and rising costs of "The criteria for setting prices should be the cost of production rather than the world price, which often is heavily .subsidized." KP DUTY FRANKFURT (AP) The U.S. House appropriations com- millce, which has decided to reinstate kitchen patrol and cig- arette butt policing duties for the troops, said the duties are and character- building." But many U.S. sol- diers stationed in Germany don't agree. One said, "I'd like to trdk to the dummy marie j that statement. KP is just plain 1 harassment." on an operator to demonstrate that he can reclaim the Sand as a condition iryr receiving a slrin-inining permit. The hill also contains a con- troversial provision banning surface mining on slopes ceeding 20 degrees. Chairman Wayne N. Aspinall 'Dem. Colo.) said the hill could shut down about half the mines in the Appalachian region ol he eastern United States where Ihe majority of strip mines are located. C'a-1 Baggc, president of the National Coal Association called the hill a "punitive, un realistic measure which wouk reduce the nation's produclioi of coal by 25 per cent almost overnight." Employment barriers erected B.C. (CP) Alan- power Minister Bryce Mackasey said Thursday Cominco Ltd. is erecting artificial barriers to employment which turn many j people away from seeking jobs with the company. Mr. Mackascy said at a news conference that the company is resorting to lecliniques used in the past when it had a backlog f applicants for jobs. He said Cominco, in demand- ng that workers have a grade 0 education, is setting too high standard for laboring jobs. "It is ridiculous to insist jpon a Grade 10 education when tiere is a shortage of employ- ho said., adding that his! 1T1 department is attempting to re- move artificial barriers to imployment, "Companies like Cominco ihould he more realistic in set- ing up requisites for employ- ment." Mr, Mackasey said he has nstrucled a Canada manpower Foreign trade shows deficit LONDON (AP) Britain's foreign trade showed a million rfeficit last month but the government said figures were dirforted by the national dock strike in August, The Sentember deficit fol- lowed a JMS.ii-million adverse trade balance in August. This, loo. was blamed on the dock strike that cnileil Aug. 21. The dcparlmenl of Irarie and industry said September im- ports amounted lo million while exports were .6832 But, snid an announcement, "in view of the continued dis- tortion lo the import and export figures, it is not possible lo make meaningful comnarisons with past periods or (o com- ment sensibly on the area ,-inrl commodity patterns of Iradc." Iiislaii'l-piclure camera unveiled NEW YORK (AP) Bcrkcy Pholo Inc. Thursday unveilec its instanf-piclurc camera which il said would challeng Polaroid's 23-year dominance o tlio field. Berkey's new Keystone fe; hires a built-in, batlery-pow ered electronic flash and is di signed to use different types o Pola-oid film for black and white and color pictures, in rec- langular or square format. Bcrkcy said Ihe first model o! the new camera will be avail- able across the United States in selling for about Hcrkcy is a major film essor and camera manufac- turer and distributor and harl sales last year of million. Brake defects are checked official here (o meet with Com- nco personnel officials to dis- cuss the situation. 17S Calgary hotel to expand CALGARY (CP) A million expansion lo add rooms was announced Tliurs day by Sheraton-Summit Inn. Construction is to begin this year on the facilities which are to include more parking space j aand banquet and meeting rooms. The holcl was opened in 1065 with 141 rooms. OTTAWA CCI') Federal ansport officials v.ill lie meet- ing today v.'ith representatives of Nissan Automobile Co. (Can- ada 1 Ltd. to discuss allegations that there are brake defects in the 240-X model 1071-72 Datsun sports cars. The allegations have been made by Philip Ecimonston, president of the Montreal-based Atitrmiobilc Protection Associ- ation. A transport department offi- cial said Thursday that there is no proof that the o( which have been sold in Can- ada are defective. Gut he said the transport offi- cials would talk to the company delegate about the charges and listen to what they have to say. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds clown 1-10 at SO.98 3-lfi. Pound sterling down 5-16 at SAND GRAVEL ASPHALT T0LLESTRUP SAND AND GRAVEL Construction Co. Ltd. PHONE 328-1702-327.3670 TD hank offers more; shares TOUONTO (CP) Toronto Dominion Hank anounccd Thursday it will offer share- holders Ihe right lo purchase additional shares at J28 each for CFich eight shares now held. The offer is to shareholders of record Oct. 25 ami expires Dec. 15. A total of shares are involved. Toronto Dominion shares have ranged between S29.50 anil on the Toronto Stock Ex- change (his year, closing Wednesday at APPOINTMENTS CAUQARY POWER E. J. MACLEOD E. J. BARRV Calgary Power announces the appointments, effec- tive September 1st, of E. J. Macleod as Director of System Planning and E. J. Barry as Director of Energy Supply Planning. Reporting to T. D. Stanley, Vice President Resources Planning, Mr. Macleod will he responsible (or planning transmission and distribution facilities, and Mr. Barry (or planning generating facilities. ;