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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 28, 1971, Lethbridge, Alberta October 2t, THE LETHMIDOE MRALD 25 Tighter budgeting H If If ik'ty! B I -t IIL 1 ik 11 Calgary, Montreal (Supplied by Dolicrty, Roadiiouse and McCualg) LAST BID OR Livestock NOT AVAILABLE AT PRESS TIME Grain WINNIPEG (CP) Rape-seed prices were slightly o o effects awaited Stock pn to lower TORONTO (CP) gold and base metal issues con tinued to trade at lows for the year as prices on the Toronto stock market dropped lower in moderate mid-morning trading today. The industrial index was down .48 to 160.12, its lowest since Aug. 27, 1970. Golds were off to 144.29, a 16-month low am base metals .94 to 69.21, a sev en-year low. Western oils were down 2.86 to 201.00. Volume by lla.m. was shares, compared witl at the same time Wednesday. Declines outnumbered advances 118 to 59 with 175 issues unchanged. Weakest of the industrial index's 17 sub-groups were real estate, oil refining utilities and steel. Beverage pipeline, trust and loan and general manufacturing issues edged fractionally higher. Dome Pete lost l'A to Hudson's Bay Oil and Gas to National Sea Products to Massey Ferguson to and Royal Bank to Bethlehem was down to Bell Vt to Moore Vi to Numac to Tara to and Inco to V4. Bowater Paper climbed 30 cents to Imperial Oil VB to Canadian Superior Oil to and Rio Algom to PRICES SLUMP MONTREAL (CP) Prices slumped in most sectors in light trading on the Montreal stock market today. On index industrials declined .44 to 164.84, banks 1.04 to 200.70, the composite .40 to 164.94 and papers .M to 65.36. Utilities rose .01 to 143.76. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was compared with dip levels the same time Wednesday. Hudson's Bay OU and Gas was down 1% to Commonwealth Holiday Inns 1 to ?9, Pac Petroleum to Q. S. P. Ltd. to Noranda to Dominion Textile to and International Nickel to International Utilities rose to and Bombardier Ltd. was up to Vz. DJA OFF NEW YORK (AP) The stock market appeared headed today toward a 1971 low. Trading was moderately active. The noon Dow Jones average of SO industrial was off 3.07 at 833.31. The year's closing low for this average was 830.57, reached Jan. 4. Among C a n a d i a n s on the NYSE, Dome Mines and Mc-Intyre Porcupine were both down IVt, at and respectively Massey-Fcrguson lost to and Distillers Seagrams gained to On the Amex, Jupiter Corp was up to and Brascan Ltd. was down to a.m. Quotes) a.m. Quotes) (HJOD a.m. Quotes) WESTERN OILS Hud Bay Co 17.1! In Gr Fund 10.08 11.03 Almlnox J.7! Hud Bay Oil JO.SO In Mulual i.03 5.50 Alla East Gas 5.10 Hud Bay 0 1 Pld 50.00 Mut Accum i.m 5.39 Asamera 1300 Hugh Russell 18.00 AAu Gr Fund 31.30. Cows were in short supply and sold at barely steady prices. Bulls lower. Choice steers 32.35 to 32.70, good 31 to 32, medium 29.50 to 30.75. Choice heifers 30.50 to 31.30, good 29.25 to 30.75, medium 28 to 29. Medium to good cows 20 to 21.50, canners and cutters 16 to 19.50. Good bulls 22.50 to 24. Replacement cattle were mostly heavy steers and feeder heifers weighing a b o ut GOO pounds and prices were fully steady. Stock calves were in good demand at steady prices. Good feeder steers 750 pounds up 31.50 to 34, good feeder heifers 600 pounds up 30 to 33.70. Good stock steer calves 40 to 47. Good stack heifer calves 33 to 37.50. Hogs average base price liquidation of nearby futures at mid-session on tho Winnipeg Grain Exchange today. Other commodites were mostly unchanged in a quiet trade. Volume of trade Wednesday was bushels of flax, of rapeseed and 614, 000 of rye. Mid-session prices: Flax: Oct. Vi higher 2.57'XiA; Nov. unchanged Dec. lower 2.48; May unchanged 2.55A. Rapeseed Vancouver: Nov. 2% lower 2.71V4A; Jan. lower March lower June lower Rapeseed Thunder Bay: Oct. lower Dec. lower 2.55KA; May unchanged July not 05011. Oats: Oct. unchanged Dec. unchanged 66A; May lower 68A; July not open. Barley: Oct. Vi lower 1.05V4A; Dec. unchanged 1.05V4; May Ti lower 1.08K; July unchanged 1.08A. Rye: Oct. unchanged 95A; Dec. lower May lower 1.02; July not open. High Low Close Flax Oct 258 257 257% Nov 257% 257 257% Dec 248V4 248 May 255 254% Rapeseed Vancouver Nov 273% 270V4 272% Jan 275'4 2T2Vi 274% Mar 272% 271% Jun 267% 266 267% Rapeseed Thunder Bay Oct 252 254V4 Dec 25614 254 254 Vi May 284 262% Jly 262U Oats Oct 65% 65% 65 Dec 66'A May 67% (CP) The ef- significantly would be to lay off fectiveness of Progressive Con- provincial employees, servative cost-cutting measures 70 per cent of the budget will not bo known until next revolves around health, welfare January, says Provincial Trea- and education. If anyone is se-surer Gordon Miniely. rious about cutting the budget The first quarterly report on deficit it must be done in these the province's new adnunistra- areas, tion will be in by that time and Mr. Henderson agreed the Mr. Miniely said he hopes tight- 1971-72 deficit will be greater er budgeting and a freeze on than the last because Alberta, expansion of the civil service like every other province, ii will have held expenditures. overspending. and vacant positions in tho civil service, something normally carried out by senior T provincial employees, to make MJUlflfi UltJiflt? sure of peak efficiency. Major programs started by T the Social Credit government StrCSSCS IICCO, will not be altered until December when cost estimates are available, he said, and will then be tailored to fit conserva- T Ol jOOS live priorities. Provincial auditor C. K. Huckvale reported Monday a deficit of million East Kootenay Labor Council for the year ended March 31, has chosen "full employment" 1971, and said the current fiscal as its theme for 1972 start in year would probably bring in February, another deficit of record pro- The council will invite Ray portions. Haynes, secretary of the B.C. Federation of Labor, to outline NOTHING STARTLING problems of unemployment. Jim Henderson, treasury spo- Jack Radford, representing kesman for the Social Credit the Canadian Labor Congress opposition, said there was noth- in B.C. criticized the council ing startling about the deficit affiliates for failing to take a and noted it was million more active part in their own less than predicted. community efforts. Mr. Henderson said state- He said the CLC had recent-mcnts about a civil service ly established a social and freeze and tighter budgetting community program conuru't-are "very amusing since the tee toward fostering participa-first thing the Conservatives tion at the local level by unions did was grant jailers a sub- in work toward helping the se-stantial pay increase." ior citizens, youth and the un-The only way civil service employed to cope with their va-expenditures could be lowered ried problems. chosen NOBLEFORD (SpeciaD-At the Statutory meeting oaths of office were taken by newly-elected councillors Jenne Nei-boer. Arnold Lubbers and Karl Lang. Jr. Arnold Lubbers was chosen mayor for the current term. He has served the village for 17Vj years as secretary-treasurer. Jenne Neiboer was chosen deputy-mayor. He will also look after streets, curbs, gutters and roads. He will also sit on the b.ard of the Green Acres Senior Citizens Homes. Councillor Lang will be in charge of water works and sewers and also act as .representative for the village with the regional recreation sale EDMONTON (CP) Average prices to 11 a.m. Thursday provided by the Alberta Hog Producers Marketing Board. Edmonton: 23.05. Average Wednesday, 22.89. Red Deer: 23.00. Average Wednesday, 22.93. Calgary: 23.05. Average Wednesday, 22.82. Lethbridge: No sales. Average Wednesday, 22.75. TJoydminster: No sales. Average Wednesday, 22.39. Grande Prairie: No sales. Average Wednesday, 22.54. Total hog sales 807. Total hogs sold Wednesday, Average 22.86. Sows average Oct lOSVi 105 105 Dec 105% 105V4 105% May 109% 108% 108% Jly 107% Rye Oct 94 Dec 96Vs 95% 95% May 102% 101% 102 Jly ana Systems 1003 4th Avenue S., lethbridge Telephone 328-4426 i aUata EXPORT Israel exported million in citrus products in the first half of 1971. By Gene doubles earnings TORONTO Simpsons-Sears Ltd. earnings for the first nine months of this year were double the profits for the same period of 1970 while sales increased 17.3 per cent. Net earnings for the January-September period totalled or 59 cents a share and sales Comparable figures for the same period a year earlier were or 30 cents a share and Net earnings during all of 1970 were compared with during 1.07 Chemcell 4.10 Selkirk A 14.50 Kerr Addlson 5.75 Cel 'Power 24.00 Traders Gp A 1J.50 Key Anacon .20 Coron Credit 1.00 Trans Mtn Pp 70.12'A Labrador 33.50 C.W-N. Gas 11.00 Trans can Pp Lake Shore 2.00 Cdn Indust 10.75 Union Gas u.SO Lanqls Silver -07 Canada S S 38.37W Union Oil -U.M Madsen R.L. .65 Cdn Marconi 2.50 Versatile Mfg 3.35 Malartlc G.F. .67 Cdn Vlckers V.25 Westcel Martin McNwty .07 Chrysler 29.00 Weston's B 14.00 Maclntyre CPR 12.1216 Woodward's A 21.25 Meta .07 Comlnco 19.00 WOODWARD'S A 21.35 Midrlm .14'A Cons Bath 6.00 Zenith Elec 2.00 Intern Mogul 7.15 Cons Gas 19.00 BANKS New West Homt 7.62'A Dlst Sea 52.75 Can Imperial 21.87V2 New Athona .12 Dom Bridge 21.8716 Montreal 15.62Vi New Calumet .18 Domtar 9.50 Nova Scotia 27.25 w. Horse Copper 1.70 Dom Textile 17.75 Royal 25.25 Noranda 25.50 Dom Stores 13.87'A Tor-Dom 24.75 New York stocks (Supplied By Richardson Securities of Canada) Amr T and T 30.75 Sears 90.00 20 Golds 140.95 off 3.43 Anaconda 12.63Vi std Oil of N.J. 70.25 10 Bass Met 69.12 off 1.03 Beth Sleel 23.50 Texas Gulf 15 West Oils off 2.24 Chrysler Texas Co. 30.75 Volume Comsat 54.87V2 Wicks Corp 83.25 Dupont 1M.25 Woolworth 46.75 NEW YORK AVERAGES Gen Motors West Elec 83.25 30 Ind 838.64 up 2.26 Gulf 26.25 U.S. Steel 27.50 20 Rails 227.71 up .21 Int Harvester 24.25 15 util 111.71 off .35 Kenn Copper 23.62'A TORONTO AVERAGES 65 stocks J91.j8 up .35 Mont Ward 31.75 20 Ind 160.21 off .39 Volume WelibfolMnkoFourse of Iho automotive world. We keep gelling belter Since 1952, we've impro last year we gave if a Wice the luggage space il This year we added 29 We found a way (o kee We found a way to mak And we found a way tc nprovewith age. Ives as the Chateau lafife-Rolfischild bof orwhatevervreartieryou nave In mtnd. And so it goes en. everyyear. Since '52, we've made over a ihousand body ana cnassh ved our little car over limes. Improvements. more powerful engine and nearly Since '52, we've made over a thousand engine and transmit-had before, slon improvements, more improvemenls. And the reason for oil ihls progress? 3 engine noise down. Since '52, we've spent absolutely no time making silly slyling e it run better In coldweatner. changes, make it run even smoother in cold. What you see, once again, ts whal you get. Aw A 6EEN HOURS BEFORE THE RECENT EARTHQUAKE, MIGHT BE OF PIEZOELECTRIC ORBIN, SOME PHYSICISTS SUGGEST THIS MAYWWE BEEN PRODUCED BYSREATSTRESSESINTHE EARTH'S CRUST TOFRREDE ALL in CAMBRIDGE, Mass. the News Miss Roberts, a UCLA graduate who was unable to find a teaching job in the Boston area, went into business by placing an ad in Harvard's student newspaper, the Crimson. She works five days a week and charges an Guaranty Trust Co. o[ Canada, KV2 cents Jan. 14, 1972, record Dec. 31. Mobil Oil Corp., 65 cents (U.S.) Dec. 10, record Nov. 1. Texaco Inc., 40 cents (U.S.) Dec. 10, record Nov. 5. Zenith Electric Supply Ltd., five cents (plus extra of 10 cents) Dec. 15 record Dec. n.ilcDt 10 NEW! Canada Wide, SI. Jonut SI. 126. candidate in linguistics at Harvard, is self-employed these days. She is a cleaning lady. "It's honest said Miss Roberts, 24. "It is much less of a hassle than working in a bank or an office. 'It's something I can do, there are no problems with dress and it's certainly no more mindless fiian being a file clerk or COMMERCIAL EQUIPMENT FOR 60 qt. cop., suitable for restaurant or bakery, excellent condilion. Meat handsaw. Hobart, excellent futures WINNIPEG (CP) Maritime potato futures Wednesday nil. No trades 1 SUPER BEETLE PPBFV futures WINNIPEG (CP) Live beef futures close 36" grill top and oven, almost new. Phone Manager at Mar .32.45A. Tuesday's volume: Two FRANCHISE AVAILABLE PFAFF the sewing machine that- makes all others obsolete now offers an exclusive franchise for Lethbridge and area. Small investment will give outstanding return. BOX 12, LETHBRIDGE THE LIQUOR LICENSING ACT (PART 3) (SECTION 90 Notice of Hearing of Liquor the provisions of The liquor licensing Atl. 1. The area comprising VILLAGE OF CHAMPION has been designated en a local option area for the purpose of the above Act. 2. The seventh doy of December 1 97 1 has been set as the date uoon which the Board will consider applications for licences under the above Act, unless prior to that data tha Board has received a petition signed by 500 electors of (ho above described ocal option area of 1 0 per cont of the number of persons named on the latest lists of electors for an election of a member or members to tho Legislative Assembly from the area comprising the local option area, whichever is the lesser number, requesting that Lieutenant Governor In Council submit to a vote of the electors of tho local option area a question in respect of the class of license applied for. Dared at Edmonton, this twentieth day of October, 1971. A. D. ELLIOTT CHAIRMAN THfe ALBERTA LIQUOR CONTROL BOARD. NOTE: Petitions requesting a plebiscite vote must on tho official petition forms which may bo obtained from The Alberta Liquor Control Board, 12360-142 Straot, Edmonton, together with Instruction! for tha lub-m in ion of a poll Welding-Section E The Lethbridge Community College offers a short course in Both Gas and Electric Welding The coune will offer bolh theory and practice In various typos of joints, cutting, fusing, welding and brazing. Theory and shop practice in tho caro and safe handling of equipment will bo included, 6 Saturdays beginning October 30, 1971. Time: to 12 Noon and to p.m. Net For further Information contact) School of Continuing Education Phone ;