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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 25, 1971, Lethbridge, Alberta market is urged 6y Stock pri in slow t TORONTO (CP) Basel metal issues rose slightly while prices in all other sectors of the Torfonto stock market dropped in slow mid-morning trading today. The industrial index was down .19 to 162.03, golds .02 to 148.50 and western oils .50 to 209.51 Base metals were up .06 to 72.37. Volume by 11 a.m. was shares, compared with at the same time Friday. Advances and declines were about even, 78 to 77, with 141 issues unchanged. Weakest sectors were bank-Ing, oil refining, utilities and merchandising. Eight of the industrial index's 17 sub-groups moved lower. Beverage, food processing, steel and pipeline issues posted fractional advances. Falconbridge dropped 3 to Hudson's Bay Oil ancV Gas to Numac Vt to Placer Va to Imasco to and Sherritt Va to Bell was off Va to Inco to Central-Del Rio Vs to and Husky Oil Vs to Walker-Gooderham was up Vz to Toronto Dominion Bank Vt to Ranger to Bethlehem Vt to and Hollinger Vt to dip rading tag on the Montreal stock market today. Banks gained .25 to 204.34 while industrials dipped .10 to 167.53, utilities .46 to 144.47, the composte .14 to 167.32 and papers .30 to 65.79 Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares, compared with at the same time Friday. Highlighting gains on the Montreal Stock Exchange, Guaranteed Trust was up to Canadian International Power to Southam Press to and Walker Gooderham to Highlighting declines, Hudson's Bay Oil lost to Imperial Oil to and Zeller's to On the Canadian Stock Exchange, Hambrb Corp. was off Vz to while Pan American Mines gained 20 cents to on a volume of shares. NEW YORK (AP) The stock market resumed its extended decline In slow trading today. Investors' activity was curtailed by the partial holiday observance of Veterans Day. The noon Dow Jones average of 30 industrials had fallen 4.90 to 847.47. Among Canadians on the NYSE, Walker Gooderham gained to and Canadian Pacific was up to Livestock WT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) Receipts on the Calgary livestock market to 11 a.m. were 650 head, mostly slaughter steers and cows. Trade was active. Slaughter stoers sold steady with last week's close and condition considered. There were no slaughter heifers on offer. Cows were mainly medium and canner kinds with all grades selling 25 to 50 cents lower. Choice steers 31.25 to 31.60, good 30.25 to 31.25, medium 29 to 30. Good cows 22 to 23.50, medium 20.50 to 21.50, earners and cutters 16.50 to 20. Replacement cattle and stock calves were in relatively short supply and met a good local demand at steady prices. Good feeder steers 750 pounds up 32 to 35.40. Good feeder cows 21 to 24.50, sales to 25.60. Good stock steer calves 40 to 46. Good stock heifer calves 32 to 37. Hogs average base price (CP) Marking of Alberta agricultural oducts is as important as Uing coal or developing a eel industry, says Industry inister Fred Peacock. He said developing a co-or-inated approach both within e department of Industry and its relationship with other rovincial departments, like griculture, is a top priority in imulating the development of Ibcrta industries. The revamped organization hich will eventually emerge will co-ordinate the right people ith the right financing and the ecessary research and devel-pment to do the job, Mr. said in an interview. Part f the expertise for research nd development could come rom private industry. LBERTA TERMINALS The need for working closely ith the provincial department agriculture was made ob-ious by the recent transporte-on symposium in Vancouver Inch Mr. Peacock attended. "The problem of handling rain for the Pacific Rim coun-ries could be solved if the prain was cleaned in le said. Central grain terminals hould be located in Alberta which could store and blend grain to the grades being ought by the foreign markets t any particular time, he said. "The meeting pointed up the mportance of having an Alber-an, drawn from either the gov-rnment or production group, n the Canada wheat board." le could relate to us both and long-term requirements of world demand." He said the government is also looking at a storage facility for rapeseed and other cdidle oil seeds. Such a ,'a-cilily on the Pacific Coast could greatly speed the shipment of oilseeds. The Prairies must become more involved in studies to develop new port facilities in the west, he said. The choice of port development in British Columbia at Prince Rupert, Kiti-mat, or Roberts Bank should be done to meet the needs of the Prairies and the expanding north. "These port developments are largely to move products from the Prairies." "We must not sit back and find ourselves with facilities in the wrong place 20- years from PAUL JACKSON (Herald's Ottawa Bureau) Senator Harry Hays says a Senate committee should begin n immediate and massive udy of the advantages of a common market between Can-da and the United States. The Calgary senator said he relieves a North American Common Market would be a boon to Western Canada, espe-ally for agricultural and the letroleum industries. The Liberal senator made the uggestions during a w i d e-mceping attack on the Liberal jovernment's taxation reform V He rejected completely a statement made earlier this week by Trade Minister Jean-Luc Pepin that Canada would lose her independence to the United States if a common i market is established. Senator Hays said Mr. Pepin is against a common market solely because it would be bad [or Quebec. The senator's suggestion received support from an unexpected quarter Progressive Conservative House Leader Gerald Baldwin. Mr. Baldwin is an MP for Peace River, Alta. The PC house leader said he believes major Canadian are needed to get Investigations under way into freer trade with both the United States and the European common market countries. Said Mr. Baldwin: "We're iving in a fool's paradise in Canada. We've eroded our goodwill in Europe. And we've eroded our goodwill in the United States. Just because Soviet Premier Alexei Kosygin makes a visit to Canada doesn't mean we'll sell one more bu-hel of wheat to Russia. The Soviet Union will buy our wheat only when they need it and only when the price is ighl. Meanwhile, we arc losing all our traditional markets for our goods." The PC house leader scored he Liberal administration for not sending delegations to European Common Market offi- school s urged to hit i EDMONTON (CP) High chool students in the city ara jcing urged to take part in a cross-country day of protest ov. 3 against the proposed uclear test on Amchitka Is-and in the Aleutians. Duncan McLean of Vancouv-r, cross country cc-ordinator or the Student Action V-test ee against Nuclear Testing, Friday asked students at Strath-cona and Bonnie Doon high schools to organize "some form of large-scale, visible, peace-ul action." He said a form letter has >een sent to high school and university student councils across Canada urging them to sup-wrt the protest. In an interview, Mr. McLean said the committee is not concerned with what form the pro-est takes. "It doesn't necessarily have ;o be in the form of demonstrations. It's up to the groups in the different areas to decide what is most suitable. "It could be in the form of rallies or educational teach-ins; or demonstrations and walkouts." Mr. McLean, 18, and a Grade 12 student at New Westminster Secondary School, said high school students are becoming much more socially aware They were beginning to show the rest of the community what to do rather than waiting for the rest of the community to show them. "In the future, we can expec much more high school studen involvement in social issues that will affect their reunion TORONTO (CP) Four RCAP squadrons held a reunion Saturday night, reminiscing about the Second World War.-The 115 men from 407 Squadron, 415 Squadron, 431 Squadron and 434 Squadron a quarter-century ago fought their enemy from RCAF Lancasters, Halifaxes and other bomber Canada against the high ariff barriers. He said both Australia and New Zealand have sent delegations. Yet Canada sits idly >y losing traditional markets and not finding new ones. "The road back is going to be a long haul. And we must start lack on it said the Alberta MP. Senator Hays says the study should be undertaken by the Senate finance committee. Industry by industry should be probed. A mass of witnesses both from Canada and the United States should be called before the committee to assess the plus and minus points of economic union with our southern neighbors. The Calgary businessman, farmer and politician said pro-tectionalism tends to make a country lazy. "The 10 per cent surcharge on imports into the United Stales will only make American industry 10 per cent he said. Senator Hays, former federal agriculture minister under Prime Minister Lester Pearson and a one-time mayor of Calgary, said Canada's industries would benefit by unprotected competition from the United States. So would Canadian farmers and businessmen in a whole range of fields. "Look at my said Senator Hays, "I have to buy on a protected market and set on an unprotected market. It's obvious that free trade is the answer." He pointed out that Britain was much more better off more powerful and held a more presitigous position in th( world when she had to stanc alone and compete with the rest of the world. Once inside the European Common Market, Britain's in dustries would become more ef ficient and re-vitalized with di rect competition from, say West Germany's giant manu facturing concerns. Canada, as much as Britain lives on her exports. Free trade with the United States would allow aggressive Canadian ex porters to obtain much bette: markets. ore is heavy and safe EDMONTON (CP) A chunk of high-grade silver ore valued at about is sitting unguarded in the downtown branch of the Toronto-Dominion Bank. An no one is worried any light-fingered visitcr will try to make off with the display weighs pounds. One of the largest single pieces of the ore to be mined in Canada, it was obtained in August at the mine operated by Echo Bay Mines Ltd. on the shores of Great Bear Lake in the Northwest institute supported EDMONTON (CP) RIVER PARKS Ontario has five wild river parks: Winisk, Chapleau-Neme-gosenda, Lady Evelyn, Missis-sagi and MONTREAL Banks put a positive foot forward while prices in other sectors lagged on the minus side in light quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, Roadhouse and McCuaig) LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) WESTERN OILS Hud Bay Oil Ptd 52.00 Alta East Gas 5.05 US7V4 Ashland Husli' Oil Wa.r 6-60 N W- G' Gr BP Oil Gas fi.OO Royfu'nd r Can South 5.60 Kaiser pes Temp Gr SfiJ Cdn Ex Gas 3.50 United Ac .1.61 5.07 Rfn Home PH iS'oo Manage. 1.55 University Sav 6.68 7.34 Cdn Ind Gas Oil 10.00 staL.''s VANCOUVER Cdn sS'S 37'75 Teledym 3V MINES rioi bin 7X7S West Cdn Seed 4.55 Anuk In Primary Charter 525 Yukon 8JS Ardic Mining .07 Chieftan e.Oa CALOARY Atlas Explor .27 Dome Pete 30.75 Acroll .50 Bath Norse .60 Dynamic Pete .92 Barons Oil .05 Brenda Gt Plains 31.25 Madison .12 Churchill Gt Cdn Oil 4.85 New Cont .02 Croyden Lochtel 1.26 West Warner -30 r> II '24 Mill City 1.70 STOCKS Dynasty N Cdn Oil 585 Alta Gas Tr L A 48.25 Fort Rellanc. .37 Numac 10.75 Alt, Gas Tr L Ptd 76.12V, Giant Mascot 4.00 Pan Oman 9 Alta Nat Gas 22.00 Granisie tf.au Perm? In and Nat Gas 11.75 Kamloopi Copper M Potrnt l in N and C Gas 13.75 Lornex e.50 pinnacle M N Jnd Pfd 27.50 LyHon_ Minerals 7.JJ Ponder .47 Gaz Metro 5.25 Pyramid Srinrv1" Rain Tr Cdn P pe Texmont .3B ISr IT Cdn P Pfd B 42.35 Tro an Seibuns 8.65 Tr Pp P 62.75 Vajley Copper WC INDUSTRIALS West Decaita 7.25 MUTUAL FUNDS Block Bros 2.95 Wesfcoast Pete 10.00 All Cdn Com 7.95 S.69 B.C. Sugar 17.62 MISCELLANEOUS All Cdn Dlvld 8.94 9.77 B.C. Suoar Ptd INDUSTRIES All Cdn Vent 3.61 3.94 Cap! Inter 6.75 Aqustalne !5.S7Vj Amr Gr Fund 5.83 Crestbrook For Ind 3.75 Brlnco 4.85 AGF Special 2.78 Growers B 2.40 Cdn Brew A 29.00 Cdn Invest F 8.63 9.33 Key Indust ,25 Cdn Brew B M.37V4 Col Mutual 5.81 6.37 Hys 2.70 Cdn Pacific Imr 21.25 Cmnw Inter 12.19 13.40 Interior Brew 4.00 Crowsnest Ind 24.75 Cmnw Lev 3.16 3.47 Inter Mariner 73 Cyanus A 4 80 Corp Invest 5.06 5.53 OKanagan He Icop 5.62' Cvanus B 575 Corp In St F 4.67 5.10 Pacific W Air 11.53 leSar Dreyfus F U.S. 11.68 12.78 sfampedes Intl Res .59 Home A 32 00 Gr In Shares 3.17 3.49 OILS Home B v'.av Gr Equity f Albany ons .30 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE (11-00 am Quotes) a.m. Quotes) a.m. Quotes) MINES Northgat. S.EO Dom Stores 14.00 Norlex .28 Dome Pale 3 .25 Acme Opemlska 8.00 Dofasco 21.25 Advocate Asb. 1.71 oslsko 21 CAB 12.87 Akaltcho .38 Patlno 12.50 Fd of Amer Black Bay -04 Pine Point 22.00 Gt Cdn oil 4.80 Bralorne 1 14 Placer Dev. 19.37V4 Gen Motors 79.75 BrouSn '1 P.C. Exp. .68 Gt Lakes Pap 12.62 Bethlehem Quebec Man .10 Gulf Oil Cda 25.00 Brunswick 3.10 Rayrock 1.20 Greyhound 13.75 Canada Tung. 1.45 Radiore .20 Hawker Sid 2.15 Casslar 18.25 Rio Algom 13.00 Huron, Erie 23.00 Central Pat 1.60 Roman Corp. 5.20 Hiram Walk 35.50 CWmo 1.01 Sherritt Gordon 11.50 Imperial Oil 28.75 Cons. Rambler silver Miller MV, [masca 17.50 Conwest 7.25 Steep Rock 2.M Int Nickel 57.12 Coin Lake .0514 TeK Corp. 4.50 Int Pipe 26.75 Cochenour Texmont .38 Inv Go A 6.62 Denlson Mines Upper Canada 1.51 Int Utilities 37.12 Dickinson Mines .75 Western Mines 2.40 Indust Accept 18.25 Craigmont Wrlqnt Hargreaves 1.12 Laurentide 8.37 Deer Horn .OJ Wlllroy Kelly Dous A 5.12 D'Eldona 51 Windfall .07 Lo5b 3-70 I'oo INDUSTRIALS McSn'l'ioe M.50 East Sullivan 275 Abltibl 5.67'A Moore Corp 34 K) Falconbrldqe 71. 21 Alcan 16.62VJ Molsons A 14.50 Frnbex 25V, Algoma Steel 11.1J.Vi Molsons B 16.25 F "st Wltlmes 50 Atco Ind 7.12V, North. Cent 13.75 Giant Y.K. 7.10 Allan Sugar 6.00 Power Corp 4.70 Bovis 1.55 Bell Tel 44.00 Price Co 625 Granduc 4.05 Brazil Trac 17.37U Rcthmans 13.75 Headway R.L. 4.00 B.C. Tel 58.25 St Law Corp 19.00 Holllnger 35.25 Burns 11.00 Shell CDA 34.62 Hudson Bay M-S 18.75 B.C. Forest 16.50 Simpson's 18.75 Hydra Ex .14 B.C. Suoar Simp Sears 24.50 Iron Bay 3.00 CAE Ind 4.00 Sleel of Can 52.75 so 1.08 Cdn Brew 6.13'A Selkirk A 14.25 Juliet Quebec .20Vi Chemce 4.10 Texaco 31.00 Kerr Addlson 4.45 Col Ce lulose 3.00 Traders Gp A 12.17 Key Anacon 21 Cal Power 24.12V) Trans Mln Pp 20.87 Labrador 3.1.62V, Coron Credit 1.00 Trans Can Pp 33.75 Lake Shore 2.20 C.W.N. Gas 11.00 Unon Gas 13.75 Lonals silver .08 Cdn Indist 10.75 Union Oil 45.50 Madsen R.L. .65 Canada S S M.37V4 Versatile M'3 3.35 Malartic G.F. .61 Cdn Marconi 2.60 Union Car 13.75 Martin McNeely .07 Cdn Vicfcers 9.25 Weston's B M.I. wsclntyro 69.00 Chrysler 27.00 Woodward's A 23.00 Mela .09 CPR 12.37'A West Cdn Sd 4.55 Mldrlm .14 Comlnco 19.75 Zenith Elec Intern Mogul 7.35 Cons Bath 6.00 BANKS New Wosf Home S.oo Cons Gas 19.00 Can Imperial 22.6. New Athona .12 Dlst Sea 52.50 Montreal 15.87 New Calumet .19 Dom Bridge 22.00 Nova Scotia 2725 W Horse Copper 1.66 Domtar 9.75 Royal 26.12 Noranda 26.50 Dom Textile 17.75 Tor-Dom 24.62 New York stocks (Snpplicfl By Richardson Securities of Canada) Amr T and T 42.62V, Scars 90.12V, 20 Golds US.22 off OS Anaconda 13.37V, Std 01 lot N.J. 71.00 10 Base Met 72.15 oil Belh Steel 34.00 Texas Gulf 111.50 IS W Oils 207.26 oil 2. Chrysler 28.50 Texas Co 31.25 Volume 79112V, VVestlnohouse Elec B9'oo' 30 Indust 148.20 oil 4 Gulf 26.75 U.S. SICCI 28.12'A 20 Rails 131.46 1.1 iSLJ'aS.? TORONW AVMAOE5 JpoKif i' Montgomery 31.6214 20 Indust 162.05 oil .17 Volume Grain pri WINNIPEG (CP) Rape-seed prices were slightly lower under heavy hedges in a light volume of trade at mid-session on the Winnipeg Grain Exchange today. Other commodities were fractionally lower in a quiet trade. Volume of trade Friday was oushels of flax, of rapeseed and of rye. Mid-session prices Flax: Oct. 6 lower 2.54, Nov. lower Dec. 2% review er 2.48I4A, May 3% lower Rapeseed Vancouver: Nov. 2'i lower Jan. 1% lower March 1% lower June unchanged 2.70B. Rapeseed Thunder Bay: Oct. 1 lower 2.61A, Dec. lower 2.58, May 2% lower 2.65V4A, July 1 lower 2.67A. Oats: Oct. Ve lower 65M.A, 3ec. unchanged 66A, May Vt lower July Vt higher 69. Barley: Oct. Vs lower 1.06V4A, Dec. lower May lower July unchanged 1.10A. Rye: Oct. lower Dec lower May IVs lower July not open. High Low Close Flax Oct 254 253 254 Nov 254 25H4 254 Dec 249% 247V2 247% May 25614 253 Rapeseed Vancouver N'DV 275% 278 Jan 279% 278 Mar 276% 273 275% Jun 271V4 270 271 Rapeseed Thunder Bay Oct 260 259% Dec 259% 258V4 May 269 205 2677s Jly 287 Oats Oct 65% 65% Dec 66 65% 66 May 69% 69% Jly 69 Barley Oct 106% 106 106% Dec 106% 105% 106% May 110% 109% Jly Rye Oct 99% Dec 104 101 101 Vi May 109% 107% 107'i Jly the creation of a Western Canada institute to carry ut field tests, research and help develop farm machinery, agriculture minister Dr. Hugh Homer said here. Les Reid of the department's agriculture engineering branch attended a meeting in between Dr. Clarence of Saskatchewan, originator of the idea for an institute, and 75 businessmen, fanners and government representa-ives. Dr. Barber said the institute could test farm machinery under actual conditions. The government sponsored enterprise would encourage manufacturers to maintain the quality anc >erformance of their products Saskatchewan a g r i e ulture minister Jack Messer reportet Jiat progress is being made in discussions between the three Prairie Provinces on the Washington close-mouthed about dentures WASHINGTON (AP) -George Washington was so close-mouthed about lu's false teeth he once disguised dental payment as a hat bill. Dr. Reidar F. Sognnaes, professor of oral biology and anatomy at the University of California at Los Angeles, has delved so deeply into Washington's dental problems he was able to report not only about the bill, but also the following in a lecture at the Smithsonian Institution: paid John Greenwood, "an ivory-tamer and instrument for a set of dentures made in 1795. lower portion of of Ottawa honors for four OTTAWA (CP) The Univer sity of Ottawa announced today it will confer honorary doctorates on four Canadians at its fall convocation Sunday. Louis-A. Desrochers, chancellor of the University of Alberta is to receive a doctorate of law while Msgr. Athol Murray rector of Notre Dame of Canada College, Wilcox, Sask., receives a doctorate of education. John Lunn, superintendent o the Fortress of Louisbourg Na tional Historic Park, and Andre Vachon, curator of the Quebec National Archives are to receive doctorates of Canada Packers reports drop in net profit TORONTO (CP) Canada Packers Ltd. reports a 2.6-percent decline in sales and a 9.1-per-cent drop in net profit during the first half of the company's current fiscal year. During the 26 weeks to Sept. 25, the company had net earnings of or 74 cents a share and sales of Comparable figures for the first half of the previous fisca year were or 81 cents a share and A statement to shareholders said lower dollar sales were accounted for by lower prices for livestock and poultry dies MOSCOW (Reuter) Admi ral Nikolai Basisty, former commander of tJe Black Sea fleet and deputy commander-in-chief of the Soviet navy, has died at UK age of 73. His death after a prolonged illness was announced here by the defence ministry newspaper Bed of elephant ivory while the upper consisted of hippopotamus dentine. Wooden pegs in the dentures "are net incompatible with cherry tree HELP YOU HELP YOURSELF To someone who's unem- on claim for six weeks. We'll ployed and claiming unem- show you how to look for a ployment insurance, there's skills and one thing even more important evaluate the reasons for your than money. unemployment. That's getting another job. If your search is not suc-We can help. cessful, you will be invited to At the Unemployment In- your re-surance Commission we are eXDiore new qUIIClllClllb dllU CAfJIUIC UGVV now able to assist claimants f.ourses Of action in their search for re-employ- ment with our Claimant Assis- We II be a link between you lanrp Pmnram and lhe a9encV best able to tance Program. help you seek employment. We've got trained inter- w P y ke appcJntIiBnt for viewers atyourserv.ee who can d h ti discussyourunemployment effort situation and provide guidance we can You will be invited to the ]f first interview after you ve been "C'H mi x Unemployment tiMfc insurance chomage Canada Canada V Gene Willis wins post at Cranbrook CRANBROOK son and lifetime res dent Gordon Willis wa named from among the 17 applicants to the city for a newly established a year pos The office is to enforce cil bylaws and inspect city i cences. Mr. Willis is a veteran o RCAF service, following whic he became partner in McPhe son Funeral Services Ltd. H sold his interest in 1969 but co his residence here. The city already has a buil ing inspector and parking b law officers, and contracts e forcement of the dog tax byla with Cranbrook SPCA. Enforcement of other city bylaws on the book, which ar outside RCMP jurisdiction, wi be the direct responsibility o the new MUCH SUSAR OF BLOOD FAT. RECENT TESTS AT BROOKHAVEN NATIONAL LABORATORTSHOW THATAHISH-SUSAR DIET, REGARDLESS OF LOW-CALORIE INTAKE FRCMOTHER FOODS, STIMULATES EXCSSSWE AMOUNTS OF FATTY SUBSTANCES INTHE FIHDING IS IMPORTANT fOKPtOPiE sale EDMONTON (CP) Prices to 11 a.m. today provided b> the Alberta Hog Producers Marketing Board. Edmonton: 22.75. Average Friday 23.16. Red Deer: 22.65. Average Friday 23.22. Calgary: 22.65. Average Fri day 23.11. Lethbridge: No sales. Aver age Friday 23.25. Lloydminster: No sales today or Friday. Grande Prairie: No sales today or Friday. Total hogs sold to 11 a.m 949. Total sold Friday provincial average 23.16. Sows average today Toobloln ocMr.1, ta w.tll (o, "USED TRAILER SALE" CAN BE USED FOR: Kitchens, Washcars, Diners, Offices, Bunkhouses and Wellsights CONTACT: Sales Dept., Atco (Western) Ltd. 5115 Crowchlld Trail, Calgary Phont to battle LOS ANGELES (API-Blacks are failing to take a active enough effort to liberate themselves, says the wife o self exiled black revolutionary E 1 d r i d g c Cleaver. Kathlee Cleaver told a University of C.i Ifornia at Los Angeles nudicnc Friday blacks need to create a effective underground m o v c-mcnt to battle ;