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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 25, 1972, Lethbridge, Alberta Wtdnitdtiy, Oclob.r 35, 197! TKS U1HBBIDGE HEPMO Market continues in lower trend TORONTO (CP) Prices on off 1 at and Walker- the Toronto stock market were Goiderliam dcmn at %9. slightly lower in light mid-'' On the American Stock Ex- morning trading today. change, Brascan was up 'K at The industrial index, consid- ered a major indicator of mar- ket trend, was down .27 to i Miscellaneous quotations Lethbridge Vancouver, Calgary, Montreal (Supplied by Dolicrly. McCuaig Limited) LAST BID OR SALE VI .50 U.OO 2U7.I6 and hast- metals .01) to 35.21. Golds, however, wore up; .03 to 183.64 ami western oils ,22 :0 Volume bv LI ;i.tn. was iXW shares compared with MO traded by Ihe same time Tuesday. Food processing, industrial, mining, paper and forest ami! general manufacturing stocks were sectors of the market con- tributing t cthe declines. Bever- age, merchandising, commu- nication and steel issues man- aged moderate gains. Advances held a slim lead over declines. 101 to 98. white 202 issues remained unchanged. Inco was off r'h to '.a, Grafton Group to Abi- tibi to Lake Ontario Ce- ment 15 cents to anrf Block Bros. 10 cents to S2.G5. B.C. Telephone rose 1'z to Reittnans to S13Vi, Comirco to keting Ltd. lo and Acres to SlS's. Madeline Mines slipped 10 cents to Aynico-Eagle 5 cents to and Anglo United S cents to Denison ad- vanced i to S271- and Teck Corp, B 45 cents lo Mail bomb a.m. Ouolis) WESTERN OILS (15 East Gas Ashland DP Can Can Sculh Cdn EK Gas Cdrt Homesld Cdn Ind Oil Cdn Cdn Lwig 11 Charier Chieltan Dome Pele Gl Plains tit Cdn Oil Lcchiel Korlh Cdn Oil Pancdn Pan Ocean Pelrcl Pinnacle Plare Gas Ponder Ranges Scurrv Rafr. Spoontr Ulster auolesl Husky Oil Gr Sli. Husky OJl B 43.50 Gr Etiult Husky Oil War Invesi Of Infer Prov PiM 12.00 Invest Wi Inler Steel Wulual Kaiier 3.M Loblaw Pltl 31.25 MGF Wanaga 3.00 Pacific Pete 40.50 Rainier i SandweM 3 60 Nat 53 .37 Te1e6ync 4.10 West Cdn Seed White Yukon Westfleld 31.00 Weiton Pld 6 3S CALGARY 3 U.25 1 35 Bare North Cot Oil WMI Pele MISCELLANEOUS INDUSTRIES Aquilaine li.fH Atla Ges A Alia Gas Pref Alia Nat Inland Nst Gftl N and C Gas 1 N and C B Pfd Pacific Tram Gaz Gai Melro A Trans Cda Pipi Trans Cda B J3.W U.OO 70.00 30.75 2625 5.45 403 7.95 8.7i Vanguard 8 S6 S.N Univest 5.91 4.50 VANCOUVER MINES Alton i.35 Ba1h .67 MONTREAL (CP) Most sectors declined in light trading on the Montreal slock market I of I ay. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 247.- j 400 sliares, compared with 251.- 600 at the same time Tuesday. Industrials dropped l.f.5 t n 227.01, the composite 1.3! to 2I6.CO. papers .70 to 89.52 and utilities In 152.RO wliile banks rose .23 to 2G4.03. On the Montreal Slock Ks- change. Shell Canada rose L to nnrf Aquitainc to while Rapid Data dropped to and Texaco Canada 1 lo 554. On the Canadian Stock Kx- change, S and L Diversified re- mained unchanged a! SlO-x on 21.300 shares traded. NEW YORK Blue- chip stocks were lower today in moderate trading. The noon Dow Jones average of SO industrial stocks was off stepped up From AP-RKL'TEH BEIRUT, Lebanon (CP) Two letter bombs exploded to-1 day in Beirut, another blew up i in Algiers Tuesday night and a fourth bomb was found in tlie mail in Cairo. Eight persons were injurucV. Last month a diplomat was. killed in London when he i opened one of a number of Ihe i death-dealing envelopes, mailed j from Amsterdam, the Xelher-1 lauds, to Israeli embassies; around tlie world- Police sources said there were dgns that Arab terrorisls planned a new mail bomb cam- paign during Ihe Christmas and N'uw Year holidays when choked postal services will hamper security checks. The waning came after a Jordanian carrying an Algerian passport was detained at Schi- phol Airport in Amsterdam with two suitcases containing tetter bombs, pistols, ammuni- tion and hand grenades. The man was identified only by his initials as R, H., -33, travelling from Damascus, Svria, to Latin America. ONE FOR NIXON I In Tel Aviv explosive charges were found today in three ters addressed lo President Nix- on and two of his cabinet mem- bers. They were addressed to Pres- ident Nixon, State Secretary i William Rogers and Defence 1 Secretary Melin Laird. Cdn Brew A Cdn Brew B Cdn PecHic I Crcvjsnesf Ini Cygnui A Home A Home B Hurl Bay Co Hud Bay Oil Hud Bay Pid Hugh Russtll j 35.50 13.75 3S.50 E7V 35.00 3J.3S ss.oo Reliance .30 7.50 Glanl Masco! 5JS W Gratile 6.00 0.00 I5.B7VJ Lytlon 1 75 Pyramid .30 Trans Cda A 85.1 Silver Standard -S3 Trans Cdft VJar Texmont .3) VJC Trans Trojan .13V Trans Vvls Valley 1.15 MUTUAL FUNDS INDUSTRIAL Gt Pacific 4 79 5.23 Block Bros 70 All Cdn Com B S3 8.9B B.C. Sugar 70.2S 8.99 983 B.C. Sugar Pfd U 75 i 57 Capl Inler 3.10 i.SJ i.9J Col Ere.v 3.75 3.31 CreilorooX F 3.10 S 11 S.ftl Hys 3 JO iufual 6 61 J.tS Key Indust S5 Inter U.S? 1603 Pacific VJ Air 73.75 Lev J.03 Slamtiede lr.il Rei S8 Ver.l 7 87 K 65 OILS i.O? 6-M Albany Oi Business Spotlight area bid highest EDMONTON (CP) The Al- berta government received j from the sale of 22 natural gas permits, Doherty Land Service Ltd., i made Ihe highest bids of 746 and for two par- cels totalling acres about 125 miles northeast of Leth- hridge along the Alberta-Sas- katchewan border. A bid of was received from Co- seka Resources Ltd.. for acres in the same area. Farm equipment company chief to correct image HAMILTON (CP) Norman i government ami farmers, i "The transition is. and Smith, president of Inter-] The furore in the farm equip- taken place, to larger and national Harvester Co. of Can-j ment industry a few years ago, fewer farms, and (he ada Ltd., Is out to change what which resulted in a royal com- j of these farms dictate the he says is an incorrect image of his company as a branch plant of a large American farm mission into costs and services, has quietened. But Mr. Smith feels the industry should devote and specifications of ths ma- AGF Social Corp Dreyf SI F 5.15 ete F U.S. 12.75 13.97 West Explor .23 .07 Toronto mines, industrials (Strpplird By Richardson Securities of Canada) LAST BID OR SALE a rn. Quotes) MINES Akailcl-o Bj-aloroe Broulan Cdn. Land Canada Tung. Cassiar Cental Ps1. Chi mo Pine Placer De P.C. Quebec M i Rayrock Ratifare Rio A Igor Roman Corp. Coin Lake Cochenour CraigniOfil Dkkensofi Denlson Mi Deer Horn O'Eldona Dome Mines Aldcna Discovery Mines East Walarllc Eas1 Sullivan Falcon bridge Frotex First Gcanduc Headway Silver Miller Sleep Rock Tek Corp. i Upper Canada A 05 ?.JO 24.50 2.15 07 57 35 ______ Wrlqhl Willroy Wlrvdla YeHov. Hargre 95 a.m. Da'asco Ford of Am Grl Cdn Oil Gen Grl Likes Po Gulf Oil CDA Greyhound Hawker Sid r Hur Erie Hiram Walker Inl Pipe Inv Grp A Jnf Ufil Ind Accept Kaps Bank firm will insure house loans equipment company, much of its energy lo cxplain- Mr. Smith, who started with j ing how it is dealing its International Harvester's Ham- j problem: ilton plant in 1929 as a mailboy, j For example, says that although the company Farm is a .subsidiary of Internationa! ment Harvester Co. of Chicago, it and chines they want'' He .sees no let-up in the trend to larger, more powerful ma- chines. Internationa! Harvester irv the Canadian tends to develop in two main Industrial Equip- j thrusts research and modi- Institute, the industry's fication. voice in Canada, invited provin-'. Not enough basic research gan publishing a Canadian re- and- federal government of- has been done, says Mr, Smith. port years before the filing of j ficials to its member com- "We have lived quite a num- corporate reports with Ottawa panics Ibis fall. ber of years with the same kind I became mandatory. Better communication with of concept of fanning, and The company carries on re- the farm community is needed, i while equipment has been up- search and development in too. Farmers have been critical. dated and modified, nothing Canada and machines are ex- of equipment companies for; new has developed in the ap- ported to other International j failing to provide adequate re-1 proach to farm needs.1' Harvester markets. i placement service, especially: Mr, Smith believes agricul- al planting and harvest times, j tural equipment can be modi- Mr. Smith says International t fieri for other uses. The Ham- Harvester has gone about as' ikon plant has an active re- Ear as it can in meeting cus- j search program 01, adapting tomers" needs tor parts. About i agricultural machines for waste Of the four plants in Canada, j 93 per cent of requests for disposal, This tack is in keep- conventional house loans i only the Hamilton works manu-1 parts are filled on the first pass j ing with the company's cx- against default. factures farm equipment- Other] through the depot system. I pansion inio construction equip- products include construction' The major problem in parts ment. where the power and machinery, lawn and garden equipment and turbines. TORONTO fCP- The Royal Bank of Canada lias an- nounced plans to bead a group of Canadian financial in- stitutions in a mortgage insur- ance company that wilt insure In addition, International Harvester's No. 1 product is its trucks, which accounted for i half its S3 billion worldwide; sales last year. .OSW Kelly Doug A ear Loeb 7enmac Loblaw A INDUSTRIALS Mel Stores Abilibi 9 Massey Ferg Akan "22 McMillan Bloe Alqorna Sf-el 13. 25 Moore Corp Atco Ind 11.75 W.alsofis A Atlantic SLgar S.tM1.] 6 Agra Ifirt 1200 North S- Ce 1? 7S 6J.I.O 8.50 73 CO 20.50 32.50 31.12V? 77.63LV 10 00 20 BJVi 19.50 7JS 3 iQ 6.37'A 54 Ib Cnrp Price Co Roth mans SI Lawrer.ce Corp Shell CDA Bay M-S Erx Bay ISO Joliei Ouebpc Kerr AddUcn Key Anacon Labrador Lake Shnr- Langis Silver tfadsen R.L mp Sea Chemcell col CelJ Calgary I Caroo Cr 7 U.S. Sleel Gen Tel f 53 87'j TORONTO d ?0 Indus! 10335 20 Golds Up >5 10 Base Wei 65.21 olf -OS 116.00 15 West Oils 250 00 off 07 37.67'i Volume YORK AVERAGES 3J.75 30 Induct 951-38 ofl 1.13 50 38.CO t 27.SO AVERAGES A S3 off .65 ?0 Roil 15 UriUIJes M5.CO i 65 Stocks i Volume 7.9-IO.OCO report Lethbridge Livestock to 33, medium 30 to 32, cows 25.75 to Clood 2dium A Le hbririge youth has been charged idth 11 counts of theft following 11 break-ins in to city homes since Sept. 27. Police said a total of in cash, was laken as well as liquor. Some of the home.1; en- tered were ctamaged. A police official said charges are also pending against two more oily youths following a rash of home break-ins which started late last month. Beef grading system topic of discussion Cattle Feeders of Southern Alberta will discuss (lie new beef grading system and how ii affects the fcedtot operator at Ihe 702 Wing Building at Ken- yon Field tonight al K o'clock. A good turnout is requested for this important meeting to discuss the implementation of (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 190 cattle. Receipts mostly slaughter ,i. 7 cattle. Trade active. Good and 1'tUfl tOtntiSlOIICS choice butcher steers meeting 23.50 to 25.75. canners and cut- %ain prices Winnipeg Grain WINNIPEG (CP) Tradijig i volume was generally light with prices moving marginally in both directions at midsession of the Winnipeg Commodity Ex- change today. Prices were most advanced in rapeseed, up more than one cent in some Vancouver fu- tures, on the strength of com- mercial and commission house buying. Flax was generally weak- j er, while outs and barley had a routine domestic shipper trade and rye a quiet local trade. Volume of trade Tuesday in- eluded 544.000 bushels of flax, 844.DOO of rye and of rapeseed. 1 Mid-session prices: Flax: Oct. Ia4 lower 3.MA; Nov. 1'i lower 3.42A; Dec. un- changed 3. 17A; May 3.2 5A. Rapeseed on doorstep LOGAX. Utah medium 23.lift lo canners ami cutters 20 to Good bulls 27 lo '11 (ioort heavy feeder stccr.s fioo j to Ihs. M to 3ft i Butcher hogs sold Tuesday in Lcthbridge 37-3f> basr price. i Good lambs 23 lo 24. TORONTO (OF) Air I bags, better braking devices, gjjs-acUvated shoulder straps, huge air-filled bumpers, rein- forced body frame, wide crush zones under the hood, stationary side windows. Auto manufacturers are trying everything and any- thing in a scramble lo develop o mass-production car (hat meets certain made-to-order safety standards. Judging by their own re- poits they're a long way from producing something that is economic and has consumer appeal. Until now, anyway, it has been strictly an enjri- neers exercise for major iu- tcrnationnl manufacturers. They have assemtiled Ex- perimental Safety Vehicles to accommodate standards laid out by the United Slates transport department. Main objective for 1975-76 vehicles is to protection for c-ar occupants in a harrier crash at 50 miles an hour. Industry sources already predict the eventual disap- pearance of the convertible if standards on roll-over safety are to be realized. It's a sure they say, that Canada will follow the lead of the U.S. in setting sim- ilar safety standards for cars. Although no ESV testing or lower building has been done in Canada the National Research Council has done some work on rear window defrost sys- tems. The big questions: Is Ihe public willing to pay the extra cost for safely features? Are some nf Ihe standards really Hoy F. Bennett, president of Ford of Canada Ltd.. said it seems people are not pre- pared to pay for1 safety fea- tures on a voluntary basis. "That's why there must be a mandatory safety system." Seat belts, for example, were legislated Into cars. Usage was 30 to 40 per cent for lap belts, as low as four per cent for shoulder straps. Most models now have lap and shoulder with audible warnings and studies show usage has doubled. By 1974 usage is expected to go even higher with the interlock system, requiring fastening of belts to start the car. Additional safety features available as options or under st udy and d eve] opm en L. But he had reservations about net safety value of a few new features. Koril and General Motors both turned to the air cushion a.s the answer for a passive restraint system for passen- gers, one requiring no action by car passengers, in a 50- m.p.h crash. ''From our viewpoint feel that a number of prob- lems have yet to he solved before the air cushion can be considered a practical, reba- ble safety future." said Wil- liam R. Larson, ESV program al GM. CIM's air cushions are in are proving costly, Bnmo R. steering wheel and the dash Rubess, president of Volkswa- j ahead of the front passenger, gen Canada Ltd., said it will For rear passengers there's a Nov. 7.s high- i7'2B; Dec. lugger May higher worth the cost? Oats: Oct. unchanged up lo "society as a whole to determine at what level im- position of expensive safety devices should level off." Louis C. Lundstron, director of automotive safely for Gen- eral Motors, summed ii up this way: "Of primary importance is our concern whether our cus- tomers will continue to realize more safely for their extra dollar as before, or whether they 11 Ix- req Hired in t he future to pay for elaborate safely systems that provide Hi tie if any additional bene- fits." VSF AIR CUSHION' Willfam D. Innes. executive vice-president of Forci Motor Co.. agreed that most of (be 32 standards make seme and have been accomplished at minimum cost because (hoy involved devices iously pvotnj.sion along the backs of the front seats, like a counter top extending over the of the rear-sea f passengers. Tt contains an air bag. Ford has a reinforced pas- senger compartment or roll cage for protection in colli- sions and roll-overs. Volkswagen's ESV does not use air bags. Instead it is equipped with a pre-loaded energy-absorbing restraint system involving s shoulder and knee belt so that in colli- sions of 15 m.p.h. or more gas notion activates the belt which tighfens across the chesl and deploys a lower bell lo grip the knee.-. By Gene Hog prices KDMOXTON K'pi Aver f.- to 11 a.m. provided er R a i' 1.24A; May opf-n. lower BliA; May low- iA: July unchange 1 e y: Ocl. unchanged Dec. unchanged t.24A; louer July not New building permit issued for distillery A VJCi.EA3 POWER PL4WT Or REVOLUTIONARY PESiSM i IDOaaTIHiEARTH, WAS BEEN PROPOSED SVOR. J.R. WILJA.WS INSTi- FUELWIW AUSNETO- .system. All io auenri. [cwlor.1; are KNTIIV rOVKN'TRV. Sllglailfl (CD When Hilda Woodward's pop musician son asked lier to join his group al rehearsals one evening, she line! tiflle idea Uiat (he time plavcd would hil Ihe pop charts. Hilda, 54, now has made pop history as the i Calgary livestock CALGARY' Receipts to 11 a.m. tcday were 1.9.MI c.itlle and calves, main ly slauRti'er ar.d slock Trade was strong and active Slaughter steers ;ind heifers oldest performer lo appear on met good demand BBC's Top of the Pops Show, whore Iho group's song is in the Mo. 20 slot. "I just sit and thump away al the piano.1' says Hilda. steady prices. Slaughter fully cows THE NORTHWEST LIFE ASSURANCE COMPANY OF CANADA For o tonfliJrnlicjl rliscuision cell or wriln nick Rntnmnn, 1514 12 Avo, K. Lelhbridgc, Ph.: 327-5137 solfl steady with younger kinds to 27.50. Bulls Choice steers 34 to 14. W. gow Tu to 34, medium 31 to 3'i i Choice heifers 33 to 33 flO, gond Beef fulurcs I WINNIPKG ICP! e beef futures close Trcwlay. Nov .Ian 30.MR; liar j Monday's volume: No nd expe MR, T, MARTIN, ALBERTA BLUE CROSS Rm. 713 Mericmina Ffoor, Chinook Ridye Centre Soolh, Co I gory, Alberto ;