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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 19, 1972, Lethbridge, Alberta _____________________rhumfoy. Octobnr 19, 197J THE ItTHSRIOGl HERAI0 21 Little trend evident loday quotations Vancouver, Calgary, Monlreal (Supplied by Dohrrty. Medial" Limited) LAST Oil SALE Claimants down, payments up WESTERK OILS Ashlflnd BP Oil GAI Can Soijlft Ex Gas TORONTO CCP> Willi In- vestors displaying caution, prices on the Toronto .stock market were unchanged to slightly lower in light mid- morning trading loday. The industrial index, consid- ered ket trend, 20V.OC, golds .11 to 184.63, base metals .03 to KG. 18 ami western major indicator ol Mines, nd, was clown .09 to Mclntyre Por AnoUicr factor In the mar- ket's lack of movement was the latest dampening of peace hopes, built on presidential ad- viser Henry A. Kissinger's trips to Paris and Saigon. Up among Canadians were al and orcupine, at were Alcan, at Abend and DistJllers Seagrams at International Nickel was off at and Mas.iey at S17. On UIR Amox, N'eoncx was (Uwn al 5-1. .'id. Cdl HOI Cdi Ind Gas i Cdn Super Cdn Lone li Charier Chleflan Dome Gl PlBini Gt Cdn O'l Pinnacle Plate Gfl! Pcnri-r Ranrjer Scurry R I0.121- 11.2S SJ CO .37 OS 13. 33 00 Husky Oil B Husky Oil War Inl-r Pip- Prov Me Kaiier Loblasv Pltl VGF Manaqe Pacific RAinirr Sand J. til Telcdyne Weil Cdn Seed White 33 r 3 1? JS 13 61V; 3 SS Invei Gwlh F V Inves Mulmi CAuloit Ac cum Mulual Cwth F Nal HCJ N Cdn N W Givlh Pnnc Gwld r. pfd CALGAR 11.75 1 07 A3 SO Unlled Accu Unlver 5v0! Van'iuard S ?S 7 n B.73 s ta SET VAKCOUVER MINES North Ccnl .01' V-fril Warner J5 PIPE LINE STOCKS AHa A li.HJ AIM Gas Afl.M Allfl Nal 23.eT Inland Hal Gai 13.50 13.37'. i 75 Urenda Churchill Cop Croyclefi Tly JAMES NELSON i OTTAWA (CP) Unemploy- monl insurance benefit pay- ments went up by 13 per cent in August, at a lime when the number or claimants wen! clown significantly. Statistics Canada reported Wednesday tlie total funds dis- bursed rose to million in August from million in July. But Ihe number of claim- ants on file at the end of the month was down five per cenl at for August, compared with in July. Unemployment Insurance Commission officials sc-1 la work immediately tu try to ex- plain the apparent paradox. One reason they gave was that August this year !ILUJ live Tues- days, while July had the usual [our. Tuesday is the commission's biggest day for issuing unem- ployment insurance benefit That could explain perhaps million or S14 mil- lion of the increase, but the Au- gust increase was 516.6 million. Another factor oils .03 to 249.01. Volume by II a.m. was 000 shares compared 000 traded by the same Limp Wednesday. Beverage, merchandising, oil refining and communication stocks were sectors o[ the mar- ket recording the heaviest tosses while bank, chemical, general mauuiacturiiiR and pj- per and forest issues were up slightly. Advances outnumbered gains 101 to 75 while 193 issues re- mained unchanged. SEAGRAMS SLII'.S Toronto Dominion Hank was down ]i to Finning Trac- lor to S12, Bow Valley to R4QX-, Seagrams lo and j exporter MTS International 4 cents to Gl covering in the defend months Grain prices Winnipeg Grain i WINNIPEG (CP) lUipe- iseed prices fluctuated Iraclion- ally in a lighter exporter trade j some inter-month spread- ing at mid-session on the Win- jiipcs Grain Exchange loday. Flax prices posted gains of as much as four cents in a Lighi business and sliorl- Cdn B Cdn Pacific in', Crov.inpsl Ind A Cyq'iUl D Falcon Cnpp'r Gfrnsfar Hnrne A Home B Hud Bay Co Mud Day Oil Hud Bay r'ri 35.50 33.35 I6.M 7 M 7.'O WC Tram WC Trarn SCO MUTUAL FUNOi Gt Par 1 74 S IE AH Cdn Cmpd B 70 B 29 ll'fj 15 CD B 21 A U 37Vs West Cdn Seed 17.50 7eni1n tlec BANKS We s lee I IMion Car W.CO 13.3J 13 50 33 7? 53 19.15 5.50 21.42'3 U.7S 21 CO 31 W Dec shares traded, NRW YORK fAPt Tlie stock market hesitated loday, its momentum sloped a re- port the Uniled States gross na- tional products' rate of sn bsl anl i n lly in I he third quarter. The noon Dow Jones average of 30 industrial slocks was up 1.59 to 933.93, but declines had R lead over advances, to S26, in fairly slow trading on (he New York Stock Exchange. lire exchange index of common stocks was unchanged al At the American Stock Mav 319-4 32fll4 351 M2 3137 'A. Morse 5 OJ Dolasco Cdn Roval Tor Dun Ilapeseed Vancouver 292's 289 iM'i Jan ?.sovj 2ai3! Mar 275'a 272'2 272'2 Jnn 272 268'' 2fi3l2 Rupescftl Tlninricr Bay New York stocks (Supplied B? Richardson Securities nf Canada) YORK jiav oaj Oct rjcc May Ilnrlov Qtt Dec Rfi'2 257 86'. 36 vt BO'i l1 i Sid oil or S'.j Gull r-iTtxai Co 10J 7J 10 Golds arlh O 15 U S Steel 3J.J5 Gen Eiec 37.621 TORDNT AVERAGES i JO Indui Mi 37 elf .78 i5 V.'est Oils U i Vclwme NEW YORK AVERAGES 3iJ 933.V3 up 1 W JO Wails JH H cf( 1 li 15 UlitiliK 117.74 un AS 305 29 up Volume fi.510.CCO Livestock report By DKJINARD GWERTZ.MAN Nnw York Times Service WASHINGTON The United SI ales and tlie Soviet Union reached agreement Wednesday sweeping trade package that includes payment by Rus- sia of million in the Sec- ond World War lend-loose debts and the extension by President of government-backed credits for sales to Moscow, Ending months of intensive reprcsei negotiations, the two sides sign- aild interest, ed accords which were expect- ed to pave the way to a consid- erable increase in Soviet-Ameri- can commerce. Secretary of State William P. Rogers, who signed the agree- ment on the leJid-lease debts, later told newsmen at the White House lhat the trade package had "greater significance" than increased commerce onty. He said the accords marked "very significant steps in the direction of a bettor political relation- But the whole trade package faces problems on.Capilol Hill. The senate lias raved notice that il would block passage of :he accords unless the Russians lifted the exit fees on Jews and other persons seeking to emi- grate. Some 76 senators, including the sponsor, Henry M. Jackson, D-Wash., liave introduced an agreement that would forbid the granting of credits or tariff concessions to countries irnpos- i ing move lhan "nominal1' exit tees. When asked about the im- i pact of the -Jackson amend- i inenl, Rogers said the adminis-1 tration would continue, through "quiet to deal with i the situation. Secretary of Commerce Peter R. Peterson, who was in over- all charge of the trade negotia- tions, said he did not raise the matter of the Jackson amend- ment during the talks but add- l ed that the Russians wcrt not [ji, i unaware of it. Nikolai S. Patolichev, the So- j viel minister of foreign trade, signed fho lend-lease ap-eement i with Rogers, and a broad com- prehensive trade agrcemsnl with Peterson. Following (he re- OJ spective signings at the stale department and commerce de- partmenl, Lhe negotiators were j congratulated by President Nixon at tlw White House. Tlie accords were Inler- i twined a_s part of a package I t h a t also included a maritime accord signet! four days ago. The Iradc package contained the following provisions: Putting an end to some 1- years of over lend- lease debts, llie Russians agreed lo a formula by which they will pay S722 million, pay- The million p.iid out In August brought the cumulative able until July 1. 2001. Under Ihe terms of Ite accord, Ihe amount could riw lo as much as ?759 million if Ihc1 Uiok fonv dclermcnls them lion from the general treasury for the unemployment Insur- total lo more thnn hillion tor the first eight months of 3972. under the new scale ot higher benefits and more com- prehensive coverage which started Jan. 1. This SI .3 billion has boon paid out of both tbe funds lhat em- ployers and employees conlrib- USSKU-S i ute lo unemployment insur-1 olf'-m) ancc aLTOLml anrt the j The total o[ million ,noncy treasury has: entcd bolli lhe principal i bcpn inlo it ance account, running for 15 months from .Ian. 1, 1972 lo March 31. 1973. the end of the next fiscal year. To ensure there would be no shortage ol funds, Mr. Mackasey said an additional 52JI million has been authorized by a Governor-Gen- eral's warrant. Beef futures In rein "II for tlic U'nri- Icase scltlemcnl. Nixon HU- Ihorizcd the Unilwl S'.ales cov- ernmcnt Kxporl-lmpni-l Bank to exlend credits end guaran- lee.s for Llie sale n[ cootis lo Lhe Soviet Union. Only Rumania i among the Soviet-b'.oc had pre- viously received tK-nefil. As part of the understand- ing, the Unite] Sl.ites promised i lo seek congressional KUtliori- zalioii lo1' the1 exlenilinR n[ FGRU- lar tariff rales, kr.own as (avored nation trcatmcul, lo So viel imports. The over-all trade agree- ment said that liolh sirles ron- lemplalcti that tlie total Sovicl- Amorican triiile for the nc-xl trhee years would triple the .V'CO million rale of 1W9-7I. Employer-employee contribu- tions are lo be suf-, ficient to cover payments wlicn unemjiloymenl runs lo less than four per cent of the labor force. The general treasury pays llie extra amount needed when WINNIPEG (CP) -Live heel close Wednesday: M.45N; Jan. 35.75; March Tuesday's volume: No con- tracts. d J 1003 4lh Avcnua S., Lelhbridgt Telephone 328-4426 ervicct SIMPSONS VQ OCcLlo Boys' pile-lined, instructor style ski jacket is tops for comfort and warmth. Calgary livestock 1.500 F.x- May 127 change the pi-ice change index was down .01 to 23.68. rive The 5.9-per-cenl annual Ocl Vl'l-'--. growth rate of real GNP in tbe Doc i2.Vh 124 third quarter was "less than had been said .lly 129 Wachtel of Bachc and even tliongli I-no one had I REAL .sifocKlCfi expected il to continue nl An cleciric eel can discharge ,mel a demand at strong per which was the sec- more lhan WK) volts in one I pnccs, .sales lo 11 50. AH praties (ind-quarter pace. shock. i cov's aild fiold eanners and cutters 19 in n.5fi Good bulls 27 50 lo 29. CALGARY (CPi Receipts Heplacement callle were cattle and calves, i heavy feeder sfccrs 7iW pounds lo il a.m. today on the Calgnry i livestock head oF J mainly j heifers. 1 Slaughter steers sold ally steady, slaughter scarce in early sales bul s few sold al sleciay prices. Good steers and gcner- heifer.s OFFICE SPACE FOR LEASE APPROXIMATELY 1950 SQ. FT. Ground Level, Downtown Lethbridge Air Conditioned Reasonable Renl Fully CrupeFed suilabte for finoncial or pro- Fnssmnol I Write Box 4, Herald medium of cov.s and bulls sold si on civ acliv i Clicjice .slecr.s Hi'.. good 32.50 to to Choice heifers lo 3', tfood lo 32.50. mtxlium lo '2fi kinds higher, medium 23.50 lo 2.1.50, up 35 to :iii. were insuf- ficient stock calves lo quote in early sales, Nr> hogs were sold, fjood fixicicr lambs to 23. Dividends Krllv, and Co. I.Kt.. Clnh? A ti11 cents, Nov. 30, rec- ord Nov iff .Mnlirr Sliocs I.Id.. 20 t-ojils, ini-i CLiye nf ccnls. 60 t-eiils i pfd li) centf. Iwth I .Ian. '_'. reco 'd Dec. in. Hog prices KDMONTON (CP) Aver- age prices lo 11 a.m. provided by Ihe Alberta Producers Marketing Board: Edmonton: 3G.35; averagfl 1 Wednesday 36.4J. Red Deer: -16. W, averse l Wednesday 36.48. Calgary: 36.35; a v e r a ge Wednesday 36.43 No s.iles. aver- age Wednesday Jfi.75. l.loydmin.ster: No .sales: av- erage Wednesday 36.25. (iraii'.le Prairie: No average Wednesday 35.76. Total hogs Wednesday average 36.42: sows averaged r mm, CORRECTION VJRGINILLO HOMES CO. 914 18th St. N. Phone Number Is 3285951 AND NOT AS PREVIOUSLY ADVERTISED ByGene Fawcetta tie crate otfriM} A SHOCK, NOTONWWHEN THEYSEE THEIR SCALES, BUT WHEN TVIEYEATTOOV.UCMOS IPO FAST. A MIAMI DOCTOR'S ELECTBIFIEP FORKS AMP SPOONS CDNOITIOW HIS i PATIENT5 BY SHOCKING THEM THEY FAIL TO RESIST TEA1PTATION... SIMPSONS oears CORRECTION In our pool tcible ad page -17 of Wednesday's Herald Iho tumbercd shown as being included with tha pool lablc should have read: Plus a bonus set of 5 oz. Belgian made 2Va" Snooker Balls (15 Redsf 6 Colors, 1 Cue Reg. 5oe the display in our Sporting Goocli Dept. er viifl our game parlor in Contra Village Moll. Ski jacket, reg. 21.98 15" re. slorniruM.i (losls .More nl Siinpsons-Srars STORE HOUBS. Opfn Doily m. lo 5.30 p.m. Thotidoy Fr.tlny 9