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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 16, 1972, Lethbridge, Alberta Monday, Oclober 1972 THE IETHBRICCE HSRAID 13 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, McCuaig Limited) LAST BID OK SAI.Ii Toronto market prices lower B-m- Quotes) WESTERN OILS Almlnex AHa East Gai 7.85 Asamera AsTiland QP Oil Gal Can Soulh Cdn Ex GBS Cdn Homesld Cdn Ind Gas Oil Cdn Super Cdn Long Charier 6. IS 8 00 3 75 TORONTO (CP) Picking up where il left off last week, prices on Hie Toronto slock market drifted moderately lower in light mid-momma trading today. The industrial index, consid- ered a major indicator of mar- ket trend, fell .39 to 206.91, golds .28 to 185.24, base metals .73 to 86.03 and western oils 2.41 to 253.17. Volume by 11 a.m. was 000 sliarcs compared will) 000 traded by the same lime Friday. Communication, pipeline, in dustrial mining and oil refinin{ stocks were among sectors o the market contributing to the decline while beverage, pape and forest, chemical anil rea estate issues managed frac tional gains. Declines led advances 105 t 75 while 198 issues remaine unchanged. Pacific Pele fell 2'.a to 4CB Falconbridge Nickel K to So Westcoasl Transmission an Texaco lo an Moore to Mercantile Bank rose 1 Kelsey-Hayos to Acres to Occanus cents to and Murri Pholofax 10 cents lo ohle Mines slipped 17 cents 1.55, Branda Mines 15 cenls and Giant Mascot 5 s lo Craigmont ad- ces 20 ccnls to and blern Mines 10 cenls lo Man chargec in shooting incident A 36-year-old Letlibridge m has been charged with the tempted murder ot a 24-yo old woman. Gerard Gsrlyle Bjerke of llth St. S. appeared in couvt t morning in connection with alleged attempt on tlie life Helen Redgrove. The cha arose from an incident Sun night in front ot the Bje home. Miss Redgrave is reported satisfactory condition in ho tal with a shotgun wound in leg During this morning's brief court session, Judge A. H. El- ford ordered Bjerke remanded In custody until his next court appearance at a.m. Fri- day. Dome Gt Plains Gt Cdn Oil Numac Pel a Pan Ocean Pclrol Pinnacle Place Gai Ponder Ranger Scurry Rain Spooner Selbens e.m. Ouoles> HusKy Oil B Husky Oil War 4.40 Inter Prov 17.75 Inler Prov 51ecl i Kaiser Res 2.75 Loblaw Pld 30.00 MGF pacific Pole 40.K t Rainier Sandwell TclccJyne West Cdn While Yukon West Fie Id Weilon Pld 3.1.00 CALGARY 8'5 Acroll 22.17V! Norlh Cent 11.75 53.50 .35 370 11.50 e.m. Inveil Gr F Inves! Mutual Mutual Ac Murual Cr F Hot Res M Cdn N W Gr Principal Gr United Ac Wai ner Universal Sav Vanguard VANCOUVER MINES Aflcn Alias Explcr Ball1 NIVSR 6.00 1.03 W.OO .77 12.32 13.47 fi'.QJ 6 64 4.61 7.36 804 533 5-86 S .60 4.15 4 BS 5.33 7.1.5 an a e? 5.37 i.92 B.04 683 8.50 9.76 advertising no better than WHEAT DEAL SOUGHT .37 KINGSTON, Ont. (CP) A substantiated, these corporation law professor said Saturday ilWal trains. EW YORK (AP) Another erse day for stock prices olcled today in slow trading, he noon Dow Jones average 30 industrial slocks was TO 2.86 to 927.60, and de- nes had a 59G-to-501 edge er advances on the New York ck Exchange. 'he exchange index of some 00 common stocks was off -1G 58.94. At Hie American Slock Ex- ange, Ihc price-change index, as down .03 lo 25.77. j Lancer of Bruns-Norde- an and Co. said traders were osely watching the Senate's liberations on a S250-billion deral spending limit, passage which he said would be rery constructive." International Business Ma- lines was down to nd was suspended in trading n the big board because of an rdcr influx after the juslice epartment announced it would eek to break up the giant com- uter company if il wins an nti-trust action now coming to rial. General Motors, hit by trikes at three plants, was own :i's lo Most-active slock was Pacific 'etrolcum, down 3Vs to Is sudden drop left oil and took analysts without any im- mediate explanation. Off among Canadians were Mclntyre Porcupine, at and International Nickel, at Alcan was down Vi at On the Amex, Canadian Jave- lin was up Vs al SSOl'j and Bras- can off Vi at .82 13. CO 7.20 1.35 6.10 Total Ulslrnr Dccalla Wesl Pele ?-W MISCELLANEOUS INDUSTRIES Aauallne 25 00 Brfnco 5.B71 Cdn A 28.50 Cdn Brew B 35.CO Cdn Pacific Irw 23.75 Crowsneit Ind 26.50 Cygnus A Cygnus B Falcnn Copper Gensfar Home A Horn- 0 Hud Bay Co Hud Bay Oil Hud Bay P'd Hugh Russell Husky OH PIPE LINE STOCKS Alfa Gas A 13.SC Alia Gas Pref Alia Nat Gas 20.7. Inland Mat Can 12..0 M end C Gas N and C B Pfd Gai Metro Gai Metro A Trans Cda Pip :1.75 70.M Cda Churchill Copper Croyiien. Davenport Oankoe Dolly Varden Dynasty Forl Reliance Giant Mascot GrsL-ile Lcrrex that misleading advertising was like fraud and corporation heads should he jailed for mak- ing illegal claims. Dr. H. I. Cohen of McGill University's law school, told a symposium on consumer rights that the heads of corporations who permit misleading adver- Using are thieves. no belter than Trans Cda Trans Cda War WC Trans WC Trans W1s MUTUAL FUNDS Gt Pacific All Cdn Ccm All Cdn Dlvid AH Cd 86.00 L-Vl 14.00 Prl li.UVt f J 5.60 6.00 7.90 l.SiO .13 7.75 C3r F AGF Special 8-93 4.0? siWer Standard Tcxmont I'll INDUSTRIAL Block Bros 3.00 c; S.U5S- 'If someone steals from you or commits fraud, you consider him a criminal and want liim he said. "By their misleading adver- tising or claims thai can't be heads are making illegal gains and they should go to jail." Dr. Cohen referred lo the 1972 consumer report which stated only 58 per cent of new car advertising claims could be substantiated. He also said the average oi 38 defects in each new car was inexcusable and the refusal of some companies lo deal with them is an example of their ar- rogance to the public. Dr. Cohen said the Canadian Radio Television Commission had not lived up lo its responsi- bility to regulate the character of advertising. "They've regulated the num- ber of ads which may appear In periods of lime, why not the :rulh of the Prof. T. G. Ison of Uie Queen's University law school said there was not a balance of power between the buyer and Ihc seller in small claims court. He said usually tho buyer lacks court experience, while for the seller litigation is a rou- tine business mailer. Prof. Ison said Canada lacked Ihe type of court and judge needed to adjudicate be tween buyer and seller. 15.00 cmn 14.61 16 05 611 4 6S Stampede Inll Res Lorp in o. F 5-62 OILS p Drevfus F U.S. 13.60 Albany Oil Gr In Shares Plains Pete Gr Fqully 8-13 B.93V.'esI Explor 20-00 3 60 2.1Q 3.35 .59 2J-7S Corp International co-operation needed to Toronto mines, industrials a.m. Quoles) MINES Acme .3: Advocale Asb. Akailcho _ 200 (Supplied By Ilichardson Sccnrllics ot Canada) LAST BID OR SALE a.m. 111 vOO B.I RayrocK 1-03 Gen Molars Radiorc -H Rio Algom 19.50 Roifian Corp. 6.sn Sherrilt Gordon 1-J.87V3 28 Silver Miller -04 13 CX> Steep Rocfc VES OH Tek Corp. 4.SO Texmont .33 Upper Canada 2.75 Western iWnes ?.iO Wright Hargreaves l.CO Willroy 1-51 -W 3.75 .PACIFIC, Grain prices Winnipeg Grain WINNIPEG (CP) Prices generally were weaker in flax and stronger in rapesecd at midscssion of the W i n n i p e g rain Exchange today. The deferred months in flax -ere lower as hedge s elling met limited support on the way own. Rapesecd was higher, )ased in part on the announce- ment on the weekend of over- ens sales. Rye was fractionally lower, ncler the influence of lower ;iricago wheat prices. Oats and larley had a routine domestic nipper trade. Volume of trade Friday in- cluded bushels of flax, of rye and of rapeseed. Mid-session prices: Brou'an Cassiar Criimo Ccnwest Cons. Coin Lake Cochenour Craigmont Dlckonson Mines Deniscn Mines Deer Horn D'Eldona Dome Mines Discovery Mines East MalaMic East Sullivan Falconbridge Frotex First TAarif Giant Y.K. BovL Granduc Headway R-L. Hollinger Hudson Hay M-S Hydra Hx. Iron Boy Isn Joliet Quebec ___ Addi Key An Lake Shore i R.L. Malarfic G.F. Marlm McNeely Wiaclnlyra We1a Mldriir, Intern Mogul ,.j West Homci New Calumet d.OO 2 ?S 27.15 Grf Lakes Pp Gulf OH Cda Greyhound Hawker 5id Mur 8. Rrie WalKer Imp Oil In asca Irt Nickel Int Pips Inv Grp A Inl Uril Ind Accept .38 6300 .70 ris 2.CS 53.75 .33 .51 7.CO 3.00 2-70 Alcan Algoma Steel Atco Ind AUnnlic Sugar Agra Ind Bell Brazil Trac B.C. Tel Burns 9.37 72.JS 1J.55 ia.50 5.75 NOL____ Norlhgafft Norlex Osisko Point Quebec Man B.C. Forest B.C. Sugar Bow Val Snd CAG Ind Cdn Brew Co! Cel Calgary Pew Coron Credit C.W.N. Gas Pfd Cdn Induslries Cdn Marconi Cdn Vickers Chrysler Cons BaJh Cons Gas Dlst Seagrams Dorn Drfdgs Dom Texlila Dam Stares Dome Pete Dcfasco Cable i.'a Ford of Am GrJ Cdn Oil 30.CO si.co 17.75 ID.DO 70.00 41 .IS 16.50 11.00 23-75 27.25 Kelly Doug A I cob A Met Stores McrViiMan Bloe 13 [Jcrlh Cent Pcv.er Corp Price Co Rolhrnans Salada Foods St. Lav; Corp Shell CDA Simpson's Simp S'ara Steel cf Cda Selkirk A Te 73.50 14.25 38.25 20.50 3.S5 33.00 20.75 12.25 7.75 355 20-00 16.50 23-61V: 29.00 28-25 13.CO Pp Tran? Cda Pp Union Gas Union Oil Versatile Mfg We it eel Union Car V.'eston's B WcxxwaTd's A West Cdn Seed Zenith Flee BANKS 17.25 37 DO 16.00 29.00 1-1.25 DO Cdn Imp Montreal 13.75 Nova Strotta (3.CO Royal 8.75 Tor-Dom 20.25 3.00 20.00 5-1.50 27.50 38.75 35 00 2J.75 52.50 21.50 46.50 12.50 47.25 5.50 I6.OT 27.15 6.00 3.05 38.C-0 34.25 MONT GABRIEL, Que. (CP1 Inlernational co-operation in management of mineral and energy resources is needed or there could be "ultimate dis- aster" says Dr. D. J. McLaren of Calgary. The director of the Institute of Sedimentary and Petroleum Geology made the statement in a background paper prepared to stimulate discussion at a meeting of 100 scientists this week on science policy for the North, sponsored by the federal government. The next p'na so of devel op- ment must be "one of rigid conservation for carefully-moni- tored lie said. "The era of easily acquired energy and mineral raw mate ri will have gon e forever economic adjustments requirec probably represent the greates challenge for future researcl activity, not only in the arcti hut on the whole planet." LIMITS WITHIN REACH The limits of our resource can be reached he sa id R search must concentrate man can reach a balance ith his environment. Dr. McLaren's paper on non- enewable resources is one of main background papers irculated to start discussion at four-day "think tank" oi anada's top scientific brains. Other papers deal with native orthern peoples, renewable re- ources such as animal plant nd marine life, the northern Hog prices EDMONTON (CP) Aver- age prices to II a.m. provided by the Alberta Hog Producers Marketing Board today: 36.40, average Fri- environment, technology for the North, including advanced com munications and transportation and international co-operation. Among the background pa pers used in the group led b Dr. McLaren is one by T. II Mack ay, a petroleum enginec for the Bank of Montreal dc partmenl of oil and gas. Mr, Mackay's paper quc lions the economic value of d velopmcnt of oil and gas in tl North. It was quoted by Ne Democratic Party Leader D id Lews on a CTV ncwscas Siind ay as s ay ing the magn ude of almost all oil and g irojects in the North cou 'bankrupt the Canadian eco omy." Mr. Made ay s-aid in his pap "Canada will be looking at TOKYO (AP) The nese food agency said Monday ,t is sounding out Canada on the possibility of concluding an agreement to secure a steady supply of wheat because lha price of wheat is rising sharply as a result of poor crop In the world's major wheat producing countries. Wheat Is a government-ton- trolled commodity in Japan and the government has im- porting annually about bushels from foreign countries, with the U.S. supplying half of total. Other suppliers ara ruia and Australia, 'he officials said the govern- nt has already secured ough h o a t to meet domes- demand until January, 1973. L HID government hopes to ockpilc further because of an aected shortage of wheat, ey said. The price of wheat rose about per cent from a bushel August to in October in e U.S. due mainly to big pur- s by the Soviet Union and amland China. 30.35, average Fri- Edmonton day 36.DO. Red Deer day 36.89. Calgary: 36.35, average Frida> 36.8G. Hogs sold 861, average Fri day 36.G8 sows averaged 26.00 billion in pipeline hardwa alone to be invested in this de tde. He queslioas the value of t investments and recommen more research into costs a concentration on use of m readily accessible energy serves, such as the Athabas tar sands. [loyalty lo visit Yugoslavia BELGRADE (AP) Queen Elizabeth and Prince Philip, accompanied by Princess Anne, rill pay a stale visit to Yugo- slavia Tuesday through Satur- lay at tho invitation of Pres- cient Tito, it was announced icrc Sunday. It will be the first stale visit of a ruling British monarch to a Communist country. WAGES UP Average weekly earnings for the New Zealand worker in. creased S3.23 in 1971 to car wash people Reduce the price of your car wash when you fill your lank wilh gasoline at a Pacific 66 Car Wash! Amr T and T Anaconda Be1h Stfel Chrysler GM Gulf Inl Harvesler Copper York stocks (Supplied By Richardson Securities o! Canada) 47-621'i Sid 17 13V: Texas Gulf 26.37V2 Texas Co 29-25 Wickes Corp 1W.75 Woo 50 20 Golds 1PJ.49 cff 1.03 16 W 10 Wet 8554 off 1-22 36.00 IS Oils 24J57 off 401 26 37V3 Volume YORK AVERAGES 75.12'A WestlnghouM EIcc 42.00 SO 92639 off 23 US. 20 Ratls 214.67 off -15 Tel Elec ?7-M 15 UtUllles 111.42 -OS 22.62V? TORONTO AVERAGES A5 Stocks 303-31 off -79 10362Ui2D Indust off .7J Volume Livestock report Calgary livestock CALGARY (CP) Receipts I to 11 a.m. today on the Cal- gary livestock market were 300 head of cattle and calves. i...... I Flax: Oct. 2 higher 3.58; Nov. Cow receipts wero V, lower Dec. H lower I, Mcp cows> lack. May 1 lower ing condition. Trade was active. There were no strictly choice 3'.i higher 2.B3Vi; Jan. VM high- or heifers on offer, low Vancouver: hojce steady. Slaughter March 2.70'i; June Vi higher I "gW demand at liapeseecl Thunder Bay: Oct. prices. Few sales of higher 2.5D; Pvov. V: higher Ij t 27 bulls 2.5GH; Dec. not open; May Vi higher WELDWOOD PANELL Trade was active. Low choice steers 32 to 33, 31 to 32. Low choice heif- ers 31.50 to 31.80, good 30.50 to 31.50. Good cows 25.50 to 26.50, medium to 25.50, canners and cullers 10 to 23.50. Good bulls 27.50 to 29.50. A few heavy feeder steers and stock calves sold steady. Good feeder steers 800 poimds up 32.50 to 33.50, good stock steer calves 400 poimds up 43 to 45, Good heifer calves 35 to 36.50. Hogs average base price 30.35. Oats: Dec. Cher Car Wash 1819-3 Avenue S- t's easy rnd convcnion to drive a clean car! We honoral! credit cards by hnlorc incliKlKi CHARGEX. We Care about you and your ca That's a promise Oct. higher BCli; higher 8G'-i; May July -Is higher Barley: Oct. higher 24Vi; Dec. unchanged 1.24H; ay Vt higher July not en, Kyc: Oct. unchanged cc. lower 1.23Vi; May ia wer July not open. THE ICE AND SNOW IS JUST AHEAD West may ose copper snicllci' VMIITEHOBSE, Y.T. fCP> Srtluir Laing, former minister f northern development, said Mimiay lhat if Erilish Colura- >ia cuts out grants to industry ne first copper smelter in the Vest will he built in the Yukon not in B.C. Scnalor Laing referred to n statement last week by Pre- mier Dave Barrelt of B.C. in which Mr. Barrett said thero would Ire no subsidies or grants to industries. He said Mr. Bar- rett is wrong if it is his policy lo stop provincial government assistance, find said Ihis would cut B.C. on tof the smelter pic- ture. Cominco said last week It Is negotiating with the provincia" government for assistance in building a copper smeller at Kimborley, in southeastern B.C The federal government has promised a grant of. 51.5 mil lion. Is The Time To Be Preparing Your Car With A COMPLETE LINE AT TRIMBL TIRE SUPPLY LTD. 314 ITth St. S. Phone 327-2007 PRE-FINISr.ED MONDAY, OCT. 16th TO SATURDAY, OCT. 21 SAVINGS OF UP TO ECONOMICALLY PRICED RANDOM GROOVED PREFINISHED PANELLING In three shcdti: Light Oak, Walnut lone, Cherry tone. 4' x 8' 4mm. SALE PRICED fiaH PREFINISHED QASSIC MAHOGANY 4 x 8' 4 m.m. Light and Med, LIGHT SKELTONE 4' x 8' 4mm. Regular 4.90 SUMMER PINE Regular 5.30 EMBOSSED PANHUNG Mediterranean Scries 4x8' 4 m.m. MON1EREY OAK AZTEC WALNUT MORENO ROSEWOOD TOPAZ PECAN P" 49 AZTEC WAINUT Regular 6.95 SAVE "M1 HrCH QUALITY IMPORT OVERLAY PANELLING 1x8' 4 m.m. SUMMER CEDAR CASTIUAN OAK 18 KARAT PACIFIC WAINUT Regluor 6.90 SALE rAOUNT FOREST PECAN CHATHAM OAK WINCHESTER WALNUT Regular SALE SUPER SAVINGS WELDWOOD DELUXE PANELLING Limited Quantises 4x8 TV Random Grooved Craftsman Setlel Reg. Pr. Sale Craftsman Grey Tacamah R.G. Armada Chestnut Craftsman Safari Deluxe WafnuT Angonquin Birch Craftsman Hickory Burma Teak Craftsman Cherry Golden Birch Craftsman liama Deluxe Classic Bircri R.G. R.O. R.G. R.G. R G. R.G. R G. R.G, R.G. 16" Grv. 9.72 9.95 11.75 53.35 15.7S 17.80 16.95 18 30 12.95 14.90 15.05 6.98 6.69 9.50 18.69 9.95 12.98 11.95 14.69 9.95 11.25 12.95 PICK UP YOUR FREE BOOKLET HOW TO BUILD A ROOM WITH WELDWOOD PANELLING CRISTLINE BUILDERS MARKET LTiX "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" SHORT OF CASH? USE CRESTLINE BUDGET PLAN 123 30th St. N. Phone 327-5444 or 327-5110 ;