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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 24, 1972, Lethbridge, Alberta Timdoy, OeloW 54, 1972 THE IETHBRIDGE HKAIB 17 TSE prices down in light trading TORONTO CCP) Prices oniMAKKET LOWER the Toronto stock market] NEW YORK (CP) Foltow- droppcd moderately lower in light mid-morning trading lo- Giant M Graisle 70 CO Lcrnex Mean was off ot Dome Mines advanced >d to and Canadian Pacific was up lo On the American Stock Ex change, Preston slipped 7-16 to S3 13-16 and Brascan Ltd. was off Vi to At noon, Ihe New York Slock Exchange index of more than common stocks was off .21 at 60.15. The Amex price- change index was off. 03 at 25.79. Chrysler sales far ahead of 571 pace DETROIT (AP) Chrysler torp., first of the auto firms to announce its third-quarter fi- nancial picture, said sales for he quarter and hie ninth- month period ran far ahead of its 1971 pace. The third-larges t auf o com- pany said its sales were a record billion for the third quarter, about 22 per cent ahead of the billion for the comparable period last year. On a nine-month basis, sales were billion, more than 20 per cent ahead of the bil- lion in the opening nine months Of 1971. Ciln Brew A Cdn B Cdn Pacific Irv, Ind Cygnus A CygnLS B Falcon Copper Genstar Home A Home D Hurl Bay Co Hud Bay OJI 2575 Gt Pacific 35 M AH Cdn Com All Cln DEVI All Cdn Von Ainrcn Grth F A.G.I spceiar Cdn Inves F Coll Mutual CrnwINi Inter Cmwlht Lev CmsvlJh Vcn 4.77 S.21 Btoek 9.01 B.C. Sugar B.C. Sugar Pfd Sugar O7 4.SS Cop! Infer 6-1B Columbi J.5Q (S.OO 7.05 3.85 JO.SO 14.75 3S.IO Corp i In 3.29 Crslbfc For 5.13 5.63 Hys 4.B3 7.50 Key Indus 14.66 pac West Air Inl'l Rei B.70 OILS 6.12 648 Albany Oil pefe Hud Bay Oil Dreyfus F US 12.71 13.V3 Wes .03 Toronto mines, industrials (Supplier! By Richardson Securities of Canada) LAST BID OR SALE A DOUBLE- HUNS ALUMI HUM WINDOW SASH TO REPLACE WORN OR (WTTEDVM30PENONES, HAS INSULATED GLASS AND BUUJ- IjjWEATHER STRIPPING, IT'S EASILY INSTALLED AND IS SAID TO HP-WAX, sets-A ftooftTJie, Chain stores deal announced. WINNIPEG (CP) Jlac's Milk Ltd. of Toronto today an- nounced the purchase of Winni- peg's 34 Mini Mart convenience stores from Westfair Foods Ltd. of Winnipeg. The purchase, effective Nov. 6, involves the entire ifanitoha division of the Mini Mart tooc store chain. All the stores are located in Winnipeg. Terms of the purchase were rjot made public. A company spokesman saic the Mini Mart name is pected to be retained for some time. Beef futures (ITiOQ a.m. Quotes) MINES Atrr.e ocale AkHilcho Retailers 4iiot bunch of crooks' VANCOUVER (CP) An executive of a department store chain charged here that the at- titude of the federal govern- ment has been to view retailers "as a bunch of crooks." Dr. Gordon Chapman, vice- president of Fields Stores Ltd., said It is time the government took a reasonable! approach to retailers when considering busi- ness legislation, "No retailer is a Mr. Chapman commented during a panel discussion at the Retail Council of Canada's western conference, Mr. Chapman said the ten- dency of the government has iKcn to bring in legislation without first going to the grass- roots of business for consulta- tion. Eleanor M. Ordway, director, consumer services branch, de- partment of consumer and cor- porate affairs, said Mr. Chap- man's comment that the gov- ernment views retailers as crooks is "ridiculous." She said the consumer move- ment in Canada is forging ahead and cannot lielp but force a greater awareness by retail- ers. "They (consumers) are learn- ing that they do have eights and they arc beginning to demand these she said. Prophets of gloom., doom attack petroleum industry SASKATOON (CP) D. 13. Furlong, Immediate past presi- dent of the Canadian Petroleum Association, said Monday the Canadian oil and gas industry has been subject to "some al- most incredible attacks" by academic prophets of gloom and doom. "It doesn't seem to matter to these supposedly well-educated people that the assumptions on which their supposedly-schol- arly opinions are based are al- most entirely Mr. Fur- long told the annual western meeting of the Canadian In- stitute of Mining and Metal- lurgy. He mentioned DO one by name, but said some of the re- search being done is financed, directly and indirectly, by the federal government. "Insofar as they raise ques- tions for consideration and dis- First electronic paper is planned a.n Nor lex Broulsn .eHilehem .runswlck Cdn. N.W. Lanrf Canada Tung. Cassiar Ccnfrst Pal. Chi mo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dickinson Henison Mines Deer Hern D'EJdona Dome Mirvs Donalda Discovery Wines East MalarNc Essf Sullivan Falconbndge Frofcex First Giant Y.K. Bovis Granduc Hollfnger HttJion Bay W-5 Hydra Iron Bay Iso Jailer Quebec Kerr Atfdison Key Anscon Labrador Lake Shore Langls Silver Madsen R.L. Malartlc G.F. Martin McNecTy Maclnlyre Mid rim Nu West Homes New W. Horse Copper rjcranda Ncrthgals Osisko Pine Point Placer D'v. P.C. Exp Quebec Rayrock Radlorc Algom 1.50 Roman Corp. 13.12V2 Sherrllh Gordon 1.95 ,18 14.00 6.3J t.m, Dofasco Cable Ford of Am Grt Cdn Oil Grl Pp GulF Oil Cda Greyhound Hawkr SItf Hur E, Erir 1.28 .79 J.55 7-00 1.95 2.85 43.75 20.75 -UVi 3.55 1.76 Silver MIJ Sleep Roc Tek Corp. Texmonl Upper Canada 7.75 Wes fern Mines 2.dO Wright Hargreaves .95 Wlllroy Windfall -CMi Bear Zenrnac IMDUSTRFALS AbSlitl Alcan Atgnma Atco Ifid Atlanfic Sugar Agra Ind Bell Tel Brazil Trac B_C. Tel Bums B.C. Forest B.C. Sugar Bow Val ind CAE Ind Cdn Bre Hiram .OiV> Imp OK asca Int Nickel Inh Pipe fnv Gro A In! Ulil Ind Accept Kips Laurentlrfe Kelly Dotjg A 9.62'A Me! Slores 22.35 Mossey Ferg MciVJIIan Bloe 11.75 Moore Corp Mclsons A 18.50 Ji.W 59.75 20.75 39.00 fi.SO id. 50 2.70 .05 cell CO Cell Calgary Power Coron Credit C.W.N. Gai Pf Cdn Ind Cdn Cdn Vkkers Chrysler C.P.R. Cominco cons Balh Cons Gas Disf Seagrams Dom Bridge Domter Dom Textlla Uom Sfores Dome Pele 3.15 .70 11.00 31.25 Norlh Corp Price Co Sf. Corp Shell CDA Simp Sears Steel of Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Cda Pp i Oil Versatile We 5 fee I Union Ca Mfg> 2S.37L'a A 15.00 Wesf Cdn Seed ll.MVi Zenlfh nrec BANKS 37.50 31.50 27.50 16.15 Montr :al Nova Scolia Royal Tor- Dom 15.) Hi 37.00 3.70 33.00 42.25 24.10 10.121'j 20.50 11.3) l-a 15.25 7.75 3.40 16.37V, 23.63 V'l 48.1S 29.00 27.00 12.25 12.50 19.75 20.00 51.50 27.50 3S.1S 54.00 19.25 51.35 47.25 S.iO 21.25 tfi.SO 21 ,M 27.25 5.75 3.05 27.25 20.25 38.50 35.W 32.00 Mica Creek powerhouse bids okayed VANCOUVER (CP) A con sorlium of lliree companies hac the low bid of three submittec to British Columbia Hydrt for construction of Hi underground powerhouse at Ih Mica Creek Dam, last phas of the giant Columbia Rive treaty power project. The bid, by Foundation Co of Canada Ltd., Vancouver Canadian Comstock Interna tional, Toronto; and Janin Con struction Ltd., Montreal; wa for more than million under the n ex Howes bid. New York slocks (Supplied By Richardson Securities of Canada) Ahr. T i T Anacond.i Befh Steel Chrysler Conr.sat Dupsnl r C 'f Harvester S1d OJI Of NJ 26.75 Texsi Gulf 32.25 Texas Co SS.50 VJk Corp 149.25 Woolwcrth 75.12W West Elec 2J.75 U.S. J6.371'? Gen Tel Flee 23.75 TORONTO 1CB.50 20 Gelds up -18 10 Base Mils 85 36 off 15 West Oils 249.48 off .40 37.25 Volume NEW YORK AVERAGES 42.75 30 Indus 944.04 off 5.27 20 Rails 21309 off .70 37.50 15 Ulililies 114.70 off -1A AVERAGES 6S Stocks off 1.32 Mnlgmry Ward 2Q Indus 207.25 cff l.OJ Vcfume Hy DOYLE LONDON (CP) The BBC .rjiounccxl plans today for a adical innovation in television ervice that would enable view- rs to select up to 30 different vritten news reports at the ick of a swifcli. A number of commentators describe the plan as the world's irst "electronic newspaper." The BBC said the new system may be in full operation by 1576 some experimental broad- Calgary livestock WINNIPEG (CP-Uve futures close MoncVay. Nov. _ 34.50B; Jan Mar CALGARY (CP) Receipts to 11 a.m. today on the Calgary livestock market mainly slaughter steel's, becf'cows stock caivca. Trade was active. Slaughter steers and heifers SHEDS SKIN The elephant seal its yellowish-brown skin twice a year. For the best in sanitation equipment! Kfeen Limited IIHS the widest jange of inrfcAliial sanit.ilinn ftquip- msnt fn Alberta. You can buy, rent or lease anything you r.ced: Ircm parking lot end warehouse sweepers to all'purpose ffoor that will scrub, polish, buff, jhampoo, disc-sand or grind concrete. As ivelt as everything for compfetc carpet core vacuums, en, end upholstery cleaning equipment. Kfccn services what it selli. As exclusive HcaSert lor Ciaike, Ixirgesi floor maintenance equipment is pmvirlecJ in our shop hy factory -trainer) personnel. Call us; KLEEN Limited UTHBRIDGE; 236 12B St. North Ph. 328-6073 AISO IN; CAIGARY EDMONTON (JED DEER VERNON DAWSON C8EEK GRANDE PRAIRIE sold 50 cents higher. Fat steers not nearly as heavily discount- ed as last week's sales. All Hog prices KDMONTON (CP) Aver- age prices to II a.m. provided i by the Albert a Hog Producers 1 Marketing Board: i Edmonton: 38.15, average i Monday 36.26. L Red Doer: 36.10, average j Monday 3G.27. Calgary: 3G.10, D v e r a gc Lxiihbridgc: N i 1 average j j Monday 3G.83. i TJoydminster: Nil, average! Monday 36.15. Fort Macleod: Nil, average Monday 3C.45. Grande Prsiiie: Nil, average i Monday 35.80. j Total hogs sold 656, Total i sows sold Monday avor- I Ege 38.30. AT LETIIBniDOE Monday sales, 650 hogs. All classes of wcincr and feeder hogs met good demand at steady to strong prices. Wciners to light feexlors under ]00 pounds, to heavy feeders 100 lo 130 pounds (o heavy feeders over 130 pminds to all prices per head. fjight feeders under 100 pounds solti from to 25 per hundred Heavy fowl ers over 100 poun d s soldi from In 'per hun- dredweight. Bred sows and gilts to per head, boars to per head, butcher hogs sold Monday at Uhe yards baso price. grades of cows and hulls sold steady. Choice steers 34 lo 35, good 33 to 34, medium 31 to 33. Choice Iwifers 33 to 34, good 32 to 33, medium 30 to 32. Good cows 25.75 to 26.75, younger kinds higher, medium 23.50 to 25.75, caimers and cutters 19 to 23.50. Good bulls 27.50 to 29.50. Fair number of stock calves available of medium lo good quality, selling steady. Good feeder steers 750 pounds up 35 to 38. Good stock steer cnlves 44 to 43 depending on weight and quality. Good stock heifer calves 3S lo 42 depending weight and quality, No hogs sold lo 11 a.m. Hospital costs show increase OTTAWA CCP} Averag length of a patient's say in ho pital in the first half of 1972 was days compared with 10.3 flays a year earlier, Statis- itcs Canada said Monday. In an advance report on the quarterly hospital statistics, the department daily bulletin said the cost of keeping a patient one day In hospital had risen to from a year ear- Amon g factors responsible for increased costs were sala- ries and wages to from increased costs of medi- cal and surgical supplies to from anci increase drug costs to from the statistics showed. Because of the reduction In length of stay, the per-cent oc- cupancy rale dropped in 1972 to 80.6 per cent from 84.1 per cent for the same period one year earlier. Grain prices Winnipeg Grain WINNIPEG (CP) Trading was mixed with Inter-month spreading, hedging and some small buying by exporters and commission houses at mid-ses- sion on (he Winnipeg ily Exchange. Flax was unchanged lo 1 }S lower. Rapeseed was 1 low- er to higher in Vancouver futures while Thunder Bay was ES much as 2'A cents lower. Oats and barley were rela- tively unchanged in a domestic slupper trade. Rye recovered slightly from opening lows and was unchanged to 1 V? lower in small commission house in- terest. Volume of trade Monday was bushels of flax, bushels of rye and bushels of rapcseed. MId-SESSION PRICES: Flax: Oct. 1 lower 3.5S ?SA; Nov. unchanged 3.43; Dec. Vt lower 3.17 14A; May 1 low- er 3.25 Rapeseed Vancouver: Nov. Vs lower 2.80 }bB; Jan. Va high- er 2.83 %B; March higher 2.74 '.4B; June lower 2.68B. Rapcseed Thunder Bay: Oct. lower "JA; Nov. 21'z low er 2.54 ].jA; Dec. 1 lower 2.51 VjA; May 2 'A lower 2.59 casts beginning lasl year. The Guardian said the develop- ment "could become the gravest threat to ihe newspaper since television became a mass medium." Tlie patented system Is called "see the facts." Under it, a viewer would buy small adapter for less than to attach to his regular TV set. This would enable him to choose among about 30 written "pages" of news on various subjects. COVERAGE WIDE The written services would likely cover weather reports najor news summaries, sports lare prices, farming reports rogram information and the Oats: Oct. Vs lower 86 Dec. lower 85 May lower SG'.sB; July not open. Barley: Oct. unchanged 1.23 T'sB; Dec. unchanged 1.23 TaB May Vs. lower 1.26 ?iA; July nol open. Rye: Oct. unchanged 1.21B Dec. 1 Vi lower 1.21 May ii lower 1.26 }1A; July no open. High Low Close 35714 35712 M3 ax M4 31BV1 B.C. gels No. 1 VANCOUVER (CP) H. Hi. president of Nissan Auto- mobile Co. (Canada) Lid., said here the first of a series of plants lus company plans to Id in Canada will be built soon in British Columbia. Mr. Miki said his company, which manufactures Datson au- tomobiles, is planning the final stages and announcement of details of the construction of the plants will come- before Christmas. He said jobs created by con- simclion of a plant in B.C. will be filled "100 per cent by Cana- dians." Premier Dave Barrett said in telephone interview that Mr. Miki's announcement substanti- ates his claim lhat industry's alleged fear of the New Demo- cratic Party's plans for indus- trial development in B.C. is nothing more than "newspaper talk." Workers given right to name own leader OTTAWA (CP) Canadian members of Hi e International liemical Workers Union have von the right to elect their own vice-president, (he ICWU an- nounced today. The international union's con- stitution was amended earlier :his week at a Boston con- vention. Previously, the U.S. members voted with the Canadian members in electing the Canadian vicc-prcs- idcnl. Although' U.S. members now arc barred from voting for the Canadian vice-president, Cana- dian members will continue lo vote for Ihc eight U.S. vice- presidents. Under the constitutional amendment, the Canadian vice- president will be spokesman for all matters affecting the Cana- dian membership. An ICWU spokesman said the amendment complies with guidelines established by (he Canadian Labor Congress, Tom Sloan of Toronto was elected Canadian vice-president at the convention. Ft Oct Nov Dec May Hapeseeil Vancouver Nov 295Vi 291% Jan 2fi53i Mar 274 Jun 269Vi 2681i 326 14 28214 274 26812 Uapcsccd Thnnder Bav Oct 2553i 2551i "254'i 256U 253 Nov Dec May Oats Oct Dec May Jly n.irley Oct Dec May Jly Rye Oft Dec May Jly 86'i 124 12B'! 127's 126r-i 86 Vs 1231s 123's iai'3 127 121 J2SU The unit attached to the et also will be able to store nformation carried during tl: ay so that it can be retrievec ven after the transmitter has losed down for the night. During normal transmlssloi mes, every service will be up ated continuously. BBC engineers say It lay be possible for the post oi ice to supply wired connection- o the adapter via normal tele hone lines. If this happened, a viewe vould be able to telephone a office number for informa- ion on, say, entertainment in xmrton, and have the data flashed on his television screen. C. B. Wood, head of the BBC's engineering information department, said: 'Ceefax would mean that the armer could come home from he pub and get a weather fore- cast on his set at the press of a Hilton; the football fan could come home from a night out and get his own page of re- sults; the investor could choose a page of slock market prices ind sec whelher he could go to Ded with a peaceful mind." The written reports would ap- pear on a regular BBC channel and would not involve the use of cable TV. ussion and do so responsibly. 's fine. But I do wish we could omehow quit using our own noney to support people who eem lo wish only lo destroy us." His comments were aimed In articular at critics of the pro- Mackenzie Valley pipe- ne to ship oil and gas ources out of the Arctic. 'KOTECVPO BY HEARING He said opponents of the ipelinu will have every chanct o make Iheir arguments when n application to build the pipe- me is made and hearings icld by the National Energy Joard. Financial considerations, as- ironmental factors and the po- ential benefits lor Canada will meticulously examined when his occurs, he argued, He said exploration tn lackenzie Valley Delta now has advanced far enough to In- dicate lhat enough reserves may he found to warrant such an application next year. In this case, Ihe hearings would almost certainly not con- clude until 1974 or later. He suggested thai critics pre- pare their case for the hearings by gathering accurate informa- tion and making up their minds whether they are "serious- minoad university people or hall-baked politicians." Makes plea for Quebec economy TORONTO (CP) Gerard Filion of Montreal, Immediate past president of the Canadian Manufacturers' Association, made a plea today for tranquil- lity and n little more common sense in Quebec. "It is vitally important that the Quebec economy be revita- he told members of Canadian Manufacturers of Chemical Specialties Afisoct- "It has suffered greatly from uncertainty these past few 'ears. It is not the bomb which iave scared investors. It is in- stead Ihe inability of our own eaders. AVhat scares those who save and what makes investors ul- tra-prudent is the inability of public authorilies lo set a clear and firm course of action." Mr. Filion, president of Ma- rine Industries Ltd., said Que- DCC meets all requirements for natural re- sources, an effective work force, an important consumer market, an outlet to the ocean and capital reserves. New quotas for grains announced The Canadian wheat board has announced tour new quotas and extensions to three other quotas effective Monday. The B quota for barley has been opened as well as the E quota for oats, A quota for sof white spring wheat, and B quota for feed wheats, effective in all shipping blocks. The quantity of the quotas are five for barley, 20 for oats, five for wheat and two bushels for feec wheats. The extended quotas for Lelli bridge and Medicine Hat ship- ping blocks In southern Alber- ta only are for durum A at five bushels and Hercules A also at five bushels per acre. The D quota for oats has been opened io all shipping blocks at 15 bushels per assigned acre. Net earnings By TIIR CANADIAN PRESS Canada Tnisl To., nine months ended Sept. 30: 1972, a share 1971, Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon loday unclianged at Pound sterling down 2% at 9-1G. NEW YORK (CP) Cana- dian dollar at noon down 3-32 at S1.01 51-6! in terms of U.S. funds. Pound slerling down 27-1 M at S2.37 3MH. CORRECTION Month-End Clearance IN WEDNESDAY BULL'S EYE SPECIALS Tho Uem DUCK DECOYS ConsUucfed of itrong, durable plaslfc. Chooie from Molford or Drake. PRICE SHOUID HAVE READ UKRAINIAN GREEK ORTHODOX CHURCH BINGO TUESDAY, OCT. 24ih 8 p.m., Basement, Corner 13th SI. S. and 7th Ave. N. Doori open at 7 All Detaili Announced at Bingo Reduce tne price of your car when you fill your tank with gasoline at a Pacific 66 Car Wash! Car Wash iai9-3Avenuea It's and convenienl to drive a clean car! honor all credit cards approved by dsnler before purchase indixJirg We Care about you and your car k That's a promise ;