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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 17, 1972, Lethbridge, Alberta -Tueldny, OttoW 17, 1972 TH! HRMD IS Prices mixed at mid-morning TORONTO (CP) Prices on the Toronto slock market were mixed in light mid-morning trading today. The industrial index, consid- ered a major indicator o[ mar- ket trend, was up .01 to 205.80 and western oils .23 to 248.82. Golds, however, were down .19 to and base metals .11 to 84.01. Volume by 11 a.m. was 000 shares compared with 000 traded by the same time Monday. Communication, food process- ing, oil refining and pipeline stocks were among sectors of the market registering moder- ate declines while leverage, merchandising, utility and chemical issues were up slight- ly. 'Stupid' tag placed on Socred FLO charge Declines more than doubled advances, 151 to 73, while 212 issues remained unchanged. IMASCO DllOI'S B.C. Forest was off 1 to Consumers Distributing to Imasco Vi to S2GVJ, Alean 200 at the same lime Monday. Utilities gained .66 to 153.78, banks to 262.17 and the composite .08 to 216.81 while in- dustrials dropped .14 to 227.27 and papers .Oil to 89.96. On the Montreal Stock Ex- change, Falconbridge Nicke gained 114 to Mercantile Bank to and Inland Natural Gas to NEW YORK (AP) The stock market gave signs today it would snap out of its four-day losing streak. Prices sagged in early trading, hitting their low- est point since July 21, but then began to rebound. The Dow Jones average of 30 industrial stocks, which had been as low as 920.68, was up 2.86 lo 921.52 at noon. Advances opened up a lead over declines on Ihe big board, with isues exchanged in slow trading. The New York Stock Ex- change index of some HULL, Quc. (CP) Jean Marchand has labelled as "stu- pid and ridiculous" charges by Social Credit MP Rene Malic that Ihc Commons' justice com- mittee knew of the FLQ plans to abduct a foreign diplomat more than a year before ono was kidnapped. The minister of regional eco- nomic expansion said at a news- conference here Monday that he has followed the work of the tioned about the future for French on the Quebec side of the Ottawa Valley after con- struction of federal buildings at Hull and the arrival of several thousands of English-speaking civil servants. He said that If English- peaking civil servants could uccesstully justice committee lo and Bovis Corp. 5 cents lo Falconbridge Nickel was up Hi to Mercantile Bank to Royal Bank to Batik of Nova Scotia to and Maritime Tele- graph to Tara Exploration slipped to Giant Mascot 10 cents to 55.40 and Bankeno 10 cents to S3.50. Noble Mines advanced 9 cents to S1.6C and Redstone cents to cents. vSunningdale declined 20 cents lo and Houston 13 cents to Francana climbed !A to MONTREAL (CP) Ad vances outnumbered declines ir light trading on Ihe Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 100 shares, compared with common stocks was up .18 to 58.07, while the price chanae in. lex of the American Stock Ex change was .01 to 25.70. Presidential adviser Henry A Kissinger's quick return t( Paris for more peace negotia Jons was seen as a factor in the market rebound. IBM, which had helped pul ihe market down Monday wit: 1'Hi-point decline, levelled of and was down only 1 mor point today to The jus lice department declared its in tention Monday to seek th breakup of the giant -compute company into several con peting units. Mclnlyre Porcupine was v. at and Canadian Pi cific to Alcan was o at and Distillers Se grams Vi to On the Amex, Canadian Jav lin rose Vs to Off were Neonex at and Scurry Rainbow Oil at and to his knowledge there bad never been any such previous knowl- edge. Mr. Matte, a former member of Ihe committee, and candi- date for re-election in Cham- plain riding, said in Quebec City Sunday that the justice ommittee had read an FLQ immunitiue announcing treat to abduct a diplomat anc ;d seen photos of Jacques and aul Rose. But the government waitec ntil after British diplomat ames Cross had been kid apped and Quebec Labor Min Pierre Laporte was mur ered before applying the War leasures Act and placing "an ron fist" on Quebec, he said. Mr. Marchand said that if av horilies had been informed ven an hour in advance, of th plans, they would have [one anything to avoid it. 'And now 1 have nothing more to he said. "It's so stupid." Mr. Matte also charged that .he RCMP bad re' ted an apart- ment directly below the one in which Mr. Cross was held from [he time he was kidnapped in October, 1970, until he was re- leased in December. An RCMP spokesman refused to comment Monday, saying that any response would "just raise another issue that doesn't exist." FEAR FOR FRENCH At a rally here, also on Mon- day, Mr. Marchand was ques- iYench language and culture, lie latter would not be worth keeping. eliminate the But he added he Is certain that Hull's French-speaking citizens are proud enough of their own way of life that they are not ready to let it dis appear. Mr. Marchand said the fed eral government has under taken a program to equalize de- velopment of Hull and Ottaw so that it will not always be Hull residents who have t cross the river to go to work. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherly, McCualg Limited) LAST BID OK SALE o.m. Ouolei) Quotes) Quoteil WESTERN OILS Husky Oil Inex 6.05 Husky Oik B 7.60 Hushy Oil Inter Prov 12.35 Inler Prov 13.50 6.15 Kaiser Rei 2.55 7.B5 Loblaw Pfd 3000 MGF 3.7S 9.60 Pacific Pfile All. Alta Gal Asamera Ashland DP Oil Ga: Can Soutti Cdn Ex Gar Cdn Homestd Cdn Ind Gas Oil 11.12V7 Rainier 1537Va Grwth Equity B.78 Inves GrwNi P 12-21 13.3S Inves Mutual 5-84 6.41 Mutvfll Accum 5.W 6 59 Grwth F 4.54 i.07 Community college handy and cheap Cdn Cdn Long Is Charier Chiellan Dome Gt Plains Gt Cdn Oil Lochiel North Cdn Oil Pancdn Pan Ocean Petrol Pinnacle Place Gai Pond-r Ranger Scurry Ratn Spooner Selbens 53.25 .35 1? DO 33.00 6.65 1.B7 5-25 Barons Oil 21.75 North Conf Warner ell Tclodyne West Cdn 3ted Yukon WCSton Pfd CALGARY 3.60 4.00 5.75 11.25 1.03 6-t.OQ Royfund Templeton United Ace Universal Vanguard Unlvesl Sales VANCOUVER 4.73 5.25 A Bl 7.09 8-02 8.77 533 5.M 7.95 Jt 8.70 9.76 6.47 PIPE LINE STOCKS 1.30 Alia Gas A .3? Alia Gas Prel -93 Alia Nat Gas -52 inland fJaf Ge 24.25 N and C Gas N and C B PFd W Pacific Trans Gat Metro AHon Atlai Explor Balhursl .diva Brenda Churtrill! Cop yden Davenport Dankoe 2075 Ctoiiy varden 11.75 Dynaily 12.621'j Equirwlal 26.25 Forf Relfancs Glanl Mascol 4.75 Graisle Uls TORONTO (CP) Many slu-1 dents attend community col- leges because they're handy and because th oy will receive job training, the di- rector of the Association of Can- adian Community Colleges, said Monday. Jacques Former of Montreal said in an interview that the notion students attend the col- leges because they are job-ori- ented "is what the adminis- trators say." "Students go to community college because it's beside their home. They go becau se it's there and it's cheap." Mr. Fournier, one of 300 dele- gates attending the associ- ation's annual meeting, said while community college gradu- ates are having difficulty find- ing work, an increasing number don't want a job. "The number is growing ev- ery he said. "A student graduates, gefs on a charter night and buzzes off for two years." "People aren't in a rush like we were. If jobs don't material- ize, they're not distressed or depressed." W. De-caUa West Pefe MISCELLANEOUS INDUSTRIES Aquilaine 25. Brlnco 5 Cdn" Brew A 19 Cdn B 35 Cdn Pacific fnv !nd Cygnus A Cygnus B Falcon Copper Genstar iE A 1.32 9.25 Pipe Lytton Mlrwrats 3.90 .50 .07 Vj 5 iO 5.7S 7-Cf) l.EO S.25 Hoi Hud Bay Co Hud Bay Oil Hud Bay Hugh Russell 24.50 7.50 7.50 11.50 14.75 36.00 34.DO 14.75 44.50 53.75 42.75 Trans Cda TVani Cda B 4V.a> i-nmcr Trans Cda A 8i.50 Pyramid Trans Cda War U.CO Silver WC Trans Texmont WC Trans Wts Trojan MUTUAL FUNDS Valley Ccppcr Great Pac 479 INDUSTRIAL All Cdn Cmpd 8-14 8.90 Block Bros 295 All Cdn Divi fl-91 9.74 B-C. Sugar 19.25 All Con Von 5.03 B.C. Sugar Pfd Amer Grwlh F 612 6.72 Capt Interns AG.F. 3.17 Columbia Brew Cdn Inves F 3.10 5.63 CrstbrJc For Ind Coll Mulual 6.64 Hys 'Cmwllh Infer T4 45 Key Indus Lev 3.94 Pac West Air Cmwim Vnn 7.92. 3.70 Stmpd Jnf'l Res Corp Inves 6.03 6W OILS CCTD Inves S F 5.0S 5.53 Albany Oil Dreyfus F U.S. 12-29 Grpd Income S 4.14 4.58 West Explor 15.12V? 3 50 3.25 3 00 3 25 .59 2-! .75 .09 >vere great CLEARWATEP., Fla. (AP) In 10 months, sales of Turner's "Dare to ba Great" motivational courses totalled nearly million, a company accountant said Testifying in the securities violation trial of the 38-year-old Florida business tycoon, An- thony Lopez told a six-member jury that records showed firm took in more than mil- lion in 10 months ending May 31, 1972. Only about million, he said, came from the salo tA course materials such as ca- sette tapes and recorders. Lopez was subpoenaed test in the state's caso against Turner. The trial resumes to- day. Judge Robert Williams Bald he will decide at that time to send three corporate mployecs to jail on contempt itations. Toronto industrials (Snpnlicd By Richardson Securities of Canada) LAST BID OK SALE million federal project boost for airframe firms OTTAWA (CP) Canada's could land in or near a city airframe industry received new lease on !ife Monday witli the announcement of an SSO- million federal project to devel- ope a short take off ancl- landing (STOL) aircraft by de HavillamI Aircraft of Canada. Trade Minister Jean-Luc Pe- pin unveiled the plan, which in- cludes an option for a govern- ment takeover of the firm. The aircraft, to be called the DHC-7, will be a four-engine. 48-passenger plane, capable of operating from a run- way. The first are scheduled for completion by the spring of Iff75, and Mr. Pepin estimated sales for the follow- ing five years at from 150 to GOO planes. The plane will use a new turbo-prop engine to be devel- oped by United Aircraft of Can- centre. Such an aircraft could elimi- nate the time required to travel from the airport to the down- town area. Financial market probe under way TORONTO (CP) The Eco- nomic Conncil of Canada starting a major study of Can ada's financial market to deter mine how well it is serving th country, Chairman Andre Raj naiild said Monday. In a speech to the second na ada Ltd. About 80 per cent of the components can be manu- factured in Canada. EMISSIONS LOW Thnr Stephenson, president of United Aircraft, said pollution emission standards of the new PT6A engines will exceed any present acceptance levels. The project will provide ohmit jobs during the de- velopment period of 1973-75, and create about when full-scale production licgins. Mr. Pepin said the project would allow de Ilavill.ind to keep its research team of about 325 persons, described as among the best in Ihcir field. The government option to buy dc HavillamI from the parent company, Ilawker-Siddcley extends lo .lune 30, 1971, and Mr. Pepin said it was a precautionary measure allow- ing the government more free- dom of action in the airframe field. Any purchase of the firm would he based on its value prior to the announcement of the DHC-7 project. DECISION DKI'KIIREU No decision has Ijeen made on a takeover, he said. The DIIC-7 will have a top I speed of alwut 275 miles an hour and a maximum range ol about rnilc.s. B. 15. Bundcsman, president of dc Havilland, .said the plane will the quietest transport ever marketed. With its relatively short range and quiet flight, the air- craft will well suited to short inter-city hops, and need- ing only a runway it tional Conference of Canadia Bankers, Mr. Raynauld inv views on how monetary pV: works or should work to flucnce the financial marke and to comment on its efl ciency. Mr. Kaynauld said II council has no preconceive view of the result of its inquir Monetary policy is reflecti in Ihe government's and tl Bank of Canada's use of the influence over interest rat and the supply of money in the economy. Takeover talk hit by B.C. Socreds Japan proposes rade body TOKYO (AP) Y asuhiro afcasone, minister of inlerna- mal trade and industry, said ere that Japan has pro- osed a plan to Australia to mi an economic co-operative ody for the Pacific region. Kakasone said he made the roposal at the two-day Japan- ustralia ministerial coiifer- nce in Canberra last week. 7ithout disclosing details of his roposal, Nakasone said Aus- ralia supports the plan in prin- iple. At a news conference shortly fter his arrival from Aus- ralia, Nakasone said Australia irged Japan to "stabilize11 im- ports of minerals and other raw materials from Australia to iromole bilateral trade. Nakasone said Australia "ap- pears to be concerned about the irospect of Japan switching 'rom her to mainland China for he supply of raw materials. Japan also told Australia, he VICTORIA (CP) The Social Credit caucus Monday attacked Premier Dave Barrett for "ir- responsible statements" about the New Democratic Party gov- ernment's takeover of B.C. Tel- ephone Co. and two natural gas firms. After a meeting here on the eve of the special session Tu- esday, the caucus said in a statement Mr. Barrett's re- marks made last week was a "repetition of ideological non- sense" and claimed "tens ol millions of dollars11 had been wiped off the stock market be- cause of the takeover remarks. Mr. Barrett, who doubles as finance minister, said last Thursday that the government takeover of B.C. Tel was def- inite but no timetable had been set. He also said the govern- ment was considering taking over Westcoast Transmissio Co. Ltd. and Inland Gas Co Ltd. B C Tel shares were tradin at when the NDP govern ment look office and by Mon day had slipped to Kn. The caucus accused Mr. Ba rett of not having "the fogg est idea of the responsibilities of a finance minister. "The facts are that ministe of finance under the Britis parliamentary system been sacked for far less than (he fiscal disclosures whic were made by the minister finance Thursday last. "The savings of many small investors are being drained away by his repetition of ideol- ogical the statement said. a.m. Quotes] MINES -3? d vocal e Aib. kailcho ralorne i Osisko 1.4I> :ulai hlehem jnsv.ick __n. tJ.W. Land Canada Tung. Cassiar 1 Pal. Chi mo Convvest j. Rambler :oln Lake Craiqmont Dkkenscn Mines so Mines Deer Horn D'Eldona Dome Mines Donelda Discovery Mines East fAalahic East Sullivan Fa Icon bridge Frofcex First Marlllmes Giant Y.K. Granduc Hollinger Hudson Bay M-S Hydra Ex. Iron Bay Iso JolJet Quebec Kerr Adflfsan An aeon, Labrador Ldke Shore Langis Silver Madsen R.L. Malartic G.F. iViaclntyre Inlcrn Mogul Nu New Athena New Calumet 2.CO .23 Point Placer Dev. P.C. Exp. Quebec Rayrcck 15.50 Radiore 3.95 Rio Algom 4.40 Roman Corp. 1.46 Sherrilf Gordon Silver Miller Sleep Rock Tck Coi 2E.CO 33. CO 2-EO a.m Cable Ford of Am GrI Cdn Oil Tex ont 3. (5 Steel 7.00 40.25 20.25 Upper Canada W-sfern Wright Hargreaves Willroy Bear Zenmac INDUSTRIALS Abltibl Aloan Algom Atco I Allar.tic Sugar Agra Ir.d Bell Tel Braill Trac B.C. Tel Burns B.C. Forest B.C. Sugar '3 Bow Val Ind CAE Ind Cdn Brew Chemcell Col Cell Calgary Power Coron Crndit C.W.N. Gas Pfd 11.55 GrJ Lakes Ppr Gulf Oil Cda Greyhound 19.25 Hav.ker Sid fi.15 Hur E, Erie T5.0) Hiram V.'alker .04 Imp Oil 1.B1 Imasca Inf Nickel Pipe Quoits! 18.75 75.00 B.i5 71.50 .37 Inv In) Uril Ind Accent Kaps Laurenlid? Kelly Doug A A Met S fores 21.37Va Massey Ferg 13.12V2 McMillan 12.00 Moore Corp Molsons A Molsonr, B NorJh 2. Cent 19.75 Power Ccrp 55.121'? Price Co 1 ?.iO Rothmans St. Law Corp 15.00 Shell CDA 40.67V] Simpson's Simp Sears Steel of Cda Selkirk A 7.25 .70 Some limited harvesting despite heavy snoivfalls Ind .62 Cdn Marconi .60 Cdn Vickcrs Chrysler 44.50 C.P.R. .11 Cominco .13 Cons Ba1h >l.HV'j Cons Gas DisI Seagrams .12Vi Do.n Bridge w. Mo Noranda Norlhgale Norlex Copper 2 20 37.7S 5.00 .20 Dom Textile Traders Grp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mtg We steel Union Car 26.37Vi Weslon's B A West Cdn Seed Zenilh Elec BANKS Cdn Imp 38.JO Montreal 14.CO Nova Scolla 41.CO Royal 25.CO Tor-Dom 15.B 20.12', 3.B5 35.00 45-5') -S7.50 Mill' VJ5 11.12' 12.37' 7.75 3.50 6.12V) 16.77', j 23.125 2E.CO 12.25 2000' 20.00 53.SO 37.75 p 21.B7V2 52.00 19.25 21.50 J6.25 29.00 14.75 17.50 37.25 33.00 .16.50 5.37VI 21.75 16.50 20.75 37.75 3.0i Mr. Raynauld said the coun- added, that there is a possi- bility that Japan, Canada, the United States and Australia could undertake a joint devel opment for uranium in Aus tralia. PORT OP SPAIN, Trinidad CAP) Caribbean lender agL'ced last night to estab- lish a Caribbean common mar kct May 1, 1973, coinciding wii the introduction of a common external tariff. The decision came at the close of a six-day meeting and followed hard bar- Amr, T Anaconda Belli Sleet Chrysler Harvester i copper New York stocks (Supplied By Richardson Secnritles of Canada) T CALGARY (CP) The Al-1 berta Wheat Pool said Monday hat some limited harvesting was carried out in the province ast week despite heavy snow- alls and below-normal temper- atures. Commenting on the province as a svhole, the Wheat Pool said 79 per cent of the wheat was combined by last Friday com- pared with 86 per cent by mid- September last year. Seventy three per cent of the barley had been threshed and 93 per cent of the rapeseed. The area hardest hit by the snow and rain was around Red Deer where, by last weekend, only 12 per cent of the wheat, 41 per cent of the barley and 59 per cent of the rapesecd had been harvested. In areas north of Edmonton cil's inquiry will go into Ihe re- sponsiveness of private and cor- porate spending to monetary lightness or case. Time lags seem to be long in Canada, tak- ing from 18 to 30 months to react to a switch in monetary policy. "Oecause of the lags, an ef- fective monetary policy is oh- viously very difficult to imple- ment. and it requires longer and belter forecasts than per- haps the ones presently avail- he said. 'In the last two years, how- ever, the length and predicta- bility of lime lags have been questioned, so that a new in- vestigation into the matter gaining by less-developed coun- tries en location of industries. Beef fill 11 res WINNIPEG (CD-Live beef futures: Close Fri. Nov 3-I.65A 35.00A Jan 33.75A 35.75A Mar 35.001) 35.BOB Friday's volume: four con- tracts. ByGcna HAV6TROUBLE R6WOVINS TIGHT SOCKETS FROM A WRENCH? HERE'S A NEW ONE WITH t. WHEN PUSHED, CAUSES THE SOCKETTOPOPOFFBYITSEIF. IT ALSO HAS A SPINNER TOR FAST RUNOFFS OF NUTS, SCREWS AND PLUGS... md In much of the Peace River country of northwestern Alber- a, the situation was only mar- tfnaMy belter. In the Peace, only 31 per cent of the wheat, 63 per cent of the barley and is per cent of the rapeseed had Ken combined. Many fields were too wet to support harvest- ing machinery. In other parts of the province, however, harvesting was nearly complete although a "consider- able amount" of grain was damp when taken off. The Wheat Pool said a week of warm weattie- would see harvesting nearly complete ai: over the province except in the Red Deer and Peace River areas. These would need fron 10 days to three weeks of ex ccp lion ally good weather if lhs higher Dec. Vs higher 1.237iB; May unchanged 1.26'tA; July not open. Rye: Oct. higher Dec. higher May Vi higher 1.30; July not open. Grain quotes Monday (basis Low 331 1 65 Slocks up .74 Volume d.BlO.OOO Livestock report Calgary livestock High Flax Oct 360 NOV 337 Dec 318 311'i May 326 ami Rapeseed Vancouver NOV Jail 277 275 Mar 271-Vi 270''i Jim 267 CALGARY ray 86-lS 86'i Jly BS'i Barlev Oct Dec May Jly Rye Oct May 124'i 124'i 127'1 12S'i J267s 127 A sex crimes seminar, spon- sored by the Lcthbridge city police, will be bold at the police station Wednesday through Fri- day, Chief Ralph Mlchclson said today. About 75 persons, including officers of the I-elhbridge, Med- icine Hat, Calgary and Edmon- ton police forces, the HCMP Let hi) ridge subdivision and oth- er government agencies in- volved are expected to attend the three-day seminar. Instructors will be Tom Zocl- lers and Harold Vogelsang from Ihc FBI regional headquarters in Bulle, Mont. The Lethbiidgc police hosted the first sex vrimes seminar in Western Canai.a in 1D67 nnd due to its success repeat semin- ars have been held in Calgary, Edmonton, Regina and Saska- toon before coming back to Uthhridge this year, Chief Michelsoa said. Sex mirders are considered the most difficult that rx officers have to deal with, he said. 36.05; average Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board today: Edmonton: 36.10; average Monday 36.26. Red Deer: Monday S6.12. Calgary: 36.10; average Monday 3C.15. Ixslhbridgc: No sales; nvcr- age Monday 36.10. 'Uoydminstcr: No sales; av- erage Monday 35.70. Fort Macleod: No sales; av erage Monday 36.10. Total hogs sold 336; Monday average, 36.13; sows' avcragec 25.35. ;