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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 31, 1972, Lethbridge, Alberta Tuesday, Ottsbtr 31, 1972 _ THE LETHBRIDGE HERALD 23 Lower market trend continues TORONTO (CP) Prices on i On the Canadian Stock Ex- thc Toronto stock market I change, Gold Hawk Mines rose dropped sharply lower in light mid-morning trading today. The industrial index, consid- ered a major indicator of mar- ket trend, was off 1.71 to 203.01, golds .63 to 178.23, base metals .33 to 83.11 and western oih 3.75 to 245.23. Volume by 11 a.m. was 000 shares compared with 000 traded by the same time Monday. Bank, construction and mate- rial, merchandising and stcs! stocks were scclors of the mar- ket recording the most losses while chemical issues regis- tered gains. Declines were well ahead of advances, 154 to 53, while 161 issues remained unchanged. Stelco was off 2Vs to S33, Im- perial Oil Hi to Shell Ccmada 1 to Peoples 2 lo on shares traded. UP NEW YORK (AP) Prices moved slowly but steadily ahead in the stock market lo- day in fairly light trading, with out any major news develop ments to spur investors. The Dow Jones average of 3 industrials at non was up 6.3 to 952.74. Gainers were ahea cf losers on the New Yor Stock Exchange by 2 lo 1. Hie most-active NYSE issu was International Paper, off to Among Canadians, Dom Mines advanced Vi to A can at and Inlernationt Nickel at each decline 14. On Ihe American Slock E change, Scurry Rainbow Oil a vanced lo Neonex w; ?4 to and West- coast Transmission ?1 to Fakonbridge Nickel rose Ma to Great Lakes Power to Anglo-Canadian Pulp and Paper Vz to Abitibi to ?91i and Bay Mills Vt to Mclntyre slipped lo Bankeno 15 cents to and Rio Algom 'k to ?20. Tso Mines climbed 17 cents to and Coppcrfields 10 cents lo Numac dropped Vz to and Alberta Eastern Gas 25 cents to S7.55. Asnmera ad- vanced Vi lo LIGHT TRADE MONTREAL (CP) Across- the-board declines marked light trading on the Montreal stock market today. Combined volume on Ihc Montreal and Canadian stock expanses p.t 11 a.m. was 200 shares compared with Mfl at the same time Monday. Industrials dropped 3.82 to 222.20, the composite 2.M to 212.95, Utilities .78 lo 152.34, .53 to 262.14 and papers .28 to 88.86. On the Montreal Stock Ex- change, Imperial Oil dropped 2 to Gralton Groim Hi to and Pacific Petroleums to up !'a at while Brasca Ltd. at and Canadian Ma coni at each slipped West farm mission in Korea industrials Toronto mines, (Supplied By Kichardson Securities of Canada) LAST OR SAMS rOO a.m. Quutei) llt-.W a.rn. Quotes) i.m, Oiroltl) MINES .kaltcho iralorna iroiilan Id h lot; cm irunvwick Jdn. N.W. LanJ Canada Tung. Ceniral Pat. Chimo Cc rawest Dicr Hern Dome Donrldj Dlico1 Rait Sullivan Falcon bridge Pretax Pint Giant Y.K. Bovis Granduc Headway R.L, Hailinger Hutfcch Bay AVS Hydra Ex. Iron Gay Ncrlcx OEl'Vio Pine Poir.l Placer Dev. P.C. Quebec Man Ge: l'.03 Sh U.75 Mines .15 Alci Rio Alggm t Gordsi Silver Wilier .04 sleep ROC.F; ToX Corp. 03 Texmonl -37 Upper Canada 7.75 Western Mine-, 2.a1 Wrighl Hargreaves .92 Willroy Windfall .09 Ycll-nvknltc Bear 3.30 Zcnmac .09 INDUSTRIALS 9.25 Gulf Oil Cda. Greyhound 2rj CO HasvXer ild. E ft') Huron and Erie Hiram WalVcr Imperial Oil 8.45 72.50 Ppf 1S-CO I ma: Int. Nickel Int. Pipe Inv. Group "A" Int. Utilities Induit. Accept, Kaps Laurcnllde Kelly Douglas i Slecl A1co Ind. Atlantic Sugar Agra Ind. Bell Tel. Rrcrilinn Trac. B. C. Ttl. Burr.s 7075 WcMill Cdn. ell rtcs 57.00 18.0U 19.75 9.12Lj 6.CO Kerr-Addisnn Key Anacon Labratfor lake Share Langis Silver Aladscn Malarlic G.R Mar1, fn WcMetly Mnelnlyre Mid rim Intern Nu West Homes Calu.T.el W. Horse Copper No ran da Northgate 37.CO 4.7S Ccl. Cellulose Calgary Power C.'.V.N. Gas Pfd. Ccin. Industries Cdn. fAarccrsi Cdn. Vickcrs Chrysler C.P.R. Ccns. Balbursl Cc-ns. Gas Disf. Sc-agroms Dom. Texrile Stores i'cie 25.CO 1.65 11.15 U.35 31.2 J U.621 13.75 17.35 9.12 Vy Ferg. in Btod Corp. B Kcrthern Ccnl Fewer Corp. Prko Co. Rolhmans 51. Lawrence Shell Cda Simpsons b'.nosotis-Searl Sleel cf Cda Selkirk A new Ttxaco Traders Grp A Trans, Trans Can Pipe Union Gas Union Oil VuriaMIe Mg. VJestecl Unlan Carbide V.'es rons 8 Woodwards A 1 West. Cdn. Seed Zenith Elec. BANKS Cdn Imperial AAonlreEl Nova Scotia 3fl.75 Toronto-D 01 35.7S 20.B7'.'j 3.65 A9.JS 40.75 30.75 32.W 20.12 10.75 13.00 3.40 20.25 15.50 23.25 27.SO 28.50 12.12Vs 12.00 11.SO 36 .CO 17, CO 53.50 5.2S 22. CO 17.00 20.00 38.35 30.00 31 Grain prices Winnipeg Grain WINNIPEG (CP) Rapcsced prices were off slighlly inter- national selling and partial li- quidation at mid-session on the Winnipeg Commodities Ex- change today. Rye prices were fractionally off previous close levels in a dull volume of local and com- mission house trade. Oats and barley prices relatively firm ill a quiet dom- estic shipper business. Volume of trade Monday was bushels of flax, of rapeseed and of rye. prices Flax: Oct. I'.i lower Nov. higher 3.4KsA, Dec. lower S.lGlzA, May 1 lower 3.2414A. Rapeseed Vancouver: Nov. lower Jan. lower March ITs lower 2.8038E, June lower Rapeseed Thunder Bay: Oct. 1 lower Nov. Is lower 2.58A, Dec. lower 2.55A, Ma> lower Oats: Oct. unch Dec, unch May liigher 88 VaA, July unch 88B. Barley: Oct- unch I Dec. higher 1.24HA, May >s higher July not open. 1 Rye: Oct. K lower j Dec. Vz leaver May unch i July not open. Livestock report Lethbridge Livestock Monday sales 571 hogs. All classes of weaner and feeder hogs met good demand. Wcan- ers sold 52 or more lower- Light and heavy feeders steady. Weaners 12-20.25; light 'coders under 100 Ibs 23-31.25; feeders 100-130 Ihs 34.50- 41.50; heavy feeders over 130 us 42-48.25. All prices per head. Light feeders under 100 Ibs sold 'rom 37-11.50 per cwt; heavy feeders over 100 Ibs 28-25 per cwl. Boars 85-110 per head. Butcher hogs sold Monday at the Lethbridge yards 80 br.se price. Mew treasury Lraiich opened Miscellaneous quotations Vancouver, Calgary, fAontreal (Supplied by Dolierly, McCuaig Limited) LAST 13ID OH SALE a.m. Quotes) a.m. Quotes) WESTERU OILS Husky Oil 14.50 InVM Gr 6.CO Husky Oil B Alia East Gas oil War Asamera Inter Prov Ashland Oil Gss 12.75 Inter Prov Sled Election receives top play LONDON (CP) News- papers and radio stations in Britain and France today gave limelight attention to Canada's dramatically-close general elec- tion. "A cliff-hanger for was the banner headline in tne London Evening Standard, which made the election its top story. The Evening News also put Ihe Canadian race high up on its Iront page, under a headline suggesting that Prime Minister Trudeau may fall as a result of the Monday vofe. A recording of the Liberal leader's election night state- ment on tiie results formed part of the British Broadcasting Corp.'s radio account of the Ca- nadian voting in its main dr> mestic news bulletins tills morning. In France, a report on the election was the top item of for- eign news on the state radio's noon summary. London, alxmt 100 Cana- dians gathered in the early- morning hows at Canada House io hear election results conveyed by transatlantic press and radio links. Among them was A. David- son nuntoii, chairman of the Ontario Press Council. SEOUL (Reuter) A group of five farm representatives from Western Canada has held a series of meetings with South Korean businessmen and offi cials on export of farm prod- ucts. The Canadians flew here from Tokyo Sunday on a mar- keting tour of Southeast Asia that also will take Ihem to Hong Kong, Manila, Singapore an-1 Kuala Lumpur. Their current trip is a unique program in that actual _ grain producers are participaling in maketing of their products abroad under their own in- itiative, said Alan Couller, a di- rector of the Palliser Wheat Growers Association in Reguia, who is leading the mission. Coutlcr said he hopes the mission will help create an at- mosphere of good will between the Canadian grain producers and potential customers in the region and improve the quality of their products lo meet cus- tomers requirements. In their meetings with Ko rean businessmen, the Cana- dians also proposed estab- lishment of feed mills, beef and dairy farms in the form of a joint venture to promote co-op- eration in the agricultural field E.2S 1.E.2 BP Ci Can South Cdn lix Gas Cdn Homesld Cdn Ind Gas Oil Cdn Super Cdn Long Is Charier Chieftan Dome Pete Gt Plains Gl Cdn Oil Locniel North Cdn Oil Pancdrt Pele Pan ocean Pelrcl pinnaclo Place Gas Ponder Rancor Scurry Rain S poorer Selbens Total Pele Ulsler W. Decalta Vesl Ptle MISCELLANEOUS INDUSTRIES Aqualaiae Kaiser Res 7.70 Lor.ls-.v Pfd 345 MGF fAsnage 10.1214 Pacific Pcla 11.12Va Rainier 50.75 Sandwell .36 Telcdyne 4.15 West Cdn Seed 14 While Yukon WESUield win 3? DO V.'eston P'rf CALGARY Acrcll Barons Oil Uorlh Coni Irwes _. Inves Mutual 415 Mutual Accur 12 oo Mutual Gr F Nat Res 545 1.39 Forest firm reports big net loss Tlie 76th provincial Treasury Branch office officially opened today in Picture Butte. The new branch will be man- aged by C. M. Jantzie, former branch manager at Bow Island, who will operate the office with a staff of three. A full range of financial ser- vices, including deposits and safe deposit boxes aral Canada Savings Bond sales as ell as motor vehicle and fish- g licences will be available at re office. Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m. totalled iicad, mostly slaughter steers. Trade was active. Slaughter steers were 25 cents higher; heifers were steady; cows were mostly me- dium and canner kinds at barely steady prices and bulls were steady. Choice slaughter steers 34.25 to 35.30, good 33.25 to 34.25, medium 31 to 33. Choice heifers 33 to 34, good 32 lo 33, medium 3D to 31.75. Medium cows 23 lo 2.1, canners and cutters 18 to S3, good bulls to 29.50. Replacement cattle and stock calves were scarce but selling steady. Good stock steers more than 750 pounds 34.25 lo 37. Good feeder heifers 31.50 to 34.25. Good stock heifers calves 35 to 40. Hogs base price 35.60. 3. CD 5.75 17.50 1 00 4.69 5.U 7.28 7.76 HAV. Cdn 5.27 5-79 N.W. Growl h 5.W Prcpl Growth 529 Roytund A.ai 7.oa TmpHn Grwrh 3.00 8.7-1 United Accum 5.49 6-O3 Bl JSlLtd. has reported a net loss of 7.9A a.75 million for the first nine B.C. (CP) I Crestbrook Forest Industries Cmwlfh Unlvest VANCOUVER MINES 13.50 15.00 1.25 .01 Va .35 PtPE LI HE STOCKS ,Eld Gas A 14.67V Alia Gas PFd 70-iO .E? Alia Wot Gas .49 Inland Nfit Gas 17.371, 37.M N and C Gas 12.12T, N and C B Pfd IS.Wi 70 Pacific Trans I2.B71 17.37V2 5.00 7.F.O Gaz Melro A 70 DO 1.73 Trans Cda Pipv; 5.EO Trans Cda B 41.25 9.25 Trans Cda A 67.03 Trans Cda War 13.50 wi WC Trans 27.S7V2 7. V.C Trans S.OO 7 MUTUAL FUNDS 77 Alias Explor Bathurst Morse Brenda Churchill Cop Dynasty LquJtcrlal Fort Giant Mascot Granlsle Lornex Lytton fVSi Primer Pyramid Silvt-r Stcf :mont .53 5.20 6.03 7.35 1.76 months of 3972, compared with a net loss of million for the same period last year. However, the company re- ported a third-quarter profit o wluch was attributed to higher prices for lumber ant plywood. The company also announced shareholder approval for is suing million in class stx-per-ccnt preferred shares t retire million of mortgag bonds hell by Honshu Pape Co. Ltd. and Mitsubishi Corp Hog prices EDMONTON (CP) Aver- ge prices to 11 a.m. provided >y the Alberta Hog Producers Marketing Board: Edmonton: 35.60, average lend ay 35.80. Red Deeri 35.55, average Monday 35.70. Calgary: 35.60, average Monday 35.82. Lethbridge: Monday 36.74. Nil, average Forl Macleod market prices There were head of cat- tle and calves on offer last week at Fort Macleod Auction mar- ket. Slaughter steers and heifers sold up to a dollar stronger while cows and bulls remained steady. Yearling steers and heifers remained steady. Good ranch calves on Thurs- day and Friday sold (o lower with plain and medium kinds to S3 oft. Choice steers 35.10-35.40; good teers 34.50-35; good heifers Good cows 25.50-27; medium ows 23.50-25; canners and cut- ers 18-21; good bulls 26.90- 1.10. Choice steers (275-350 pounds) 54-17; (375450 pounds) 50-55; 475-525 pounds) 45-48. Plain to medium 4046; choice leifers (300-375 pounds) 41-40 (400-450 pounds) 39-43; rcplacc- Sharp sees agreement on policy TORONTO (CP) A minor- ity government will result in severe splits over major do- mestic issues but there will be general agreement on foreign policy, External Affairs Minis- XT Mitchell Sharp said Monday night. It is dillicull to plan ahead and it is most difficult for do- mestic Mr. Sharp said after defeating Progres- sive Conservative challenger Murray Maynard by votes. Mr. Sharp beat Mr. Maynard by more than votes in the 19G8 campaign. The minisiler said that tlwrc were "just national issues" in his Toronto Eglinton riding and k conceded he ran into opposition from small businessmen who resented unemployment bene- fits being handed out to people who turned down jobs. He said he expects stiff fights over the Liberals' economic policies. But "I think Parh'a- and the Canadian people otild support Canadian in- olvement in some supervisory apacily" in Vietnam when Ihe mericans pull out. He said he was concerned bout heavy losses the Liberals uttered in'Ontario. !Wc have a different respon- ibility with a minority govern- ment. I regret this it would better with a clear man- late." Lioydminster: Nil, average Monday 35.90. Fort Macleod: Nil, average Monday 35.90. Grande Prairie: Nil, average Monday 35.71. Total hogs sold 629. Tola hogs sold Monday aver age 35.85. Sows average 25.8! ment quality heifers 35-39. 4245; mediun Short keep steers, along with fats sold 33.70 34.20; gras steers (730-780 40.60- 42.30; (800-925 pounds) 37-39.50 Medium (including holstein 35-37.60; spayed grass heifei pounds) 3840.75; (60C C90 pounds) 37-37.60; medium all weights 34.50-36. Crestbrook cuts loss VANCOUVER (CP) Crest- rook Forest Industries Ltd, re- ported a net loss of million for the nine months to Sept. 30, compared with a net loss of million for the corresponding period of 1971. Sales lor the period were listed at million, up million over 1971. A company statement s'ald a profit of 000 was shown for the third quarter of this year. The company gave no break- down on the loss per share. Cdn Brew A Brew B Cdn Pacific Inv CrowsjiesT Ini Cygnus A Cygnus B Filcon Copper Genslar Home A Home f 7. CO man- 11.00 36.75 35.00 16 All Cdn Cmpd All Cdn Divi i All Cdn Ven A.G.F. Spec Valley Copper e IHDUSTRIALS cdr lnves f 4.79 5.23 8.71 fl.SB 8.69 9.E2 Block Bros J.23 -1.63 B.C. 6.38 7.01 B.C. Sugar Pld Capt Inter 5 03 i 57 C rst brk For 1 rvd 6.82 7.49 Columbia Brew U.S3 16.03 Hys Key Indus Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd 56.50 Hugh Russell Coll cmv.Hh Inler Cmwlth Lve Ccr'p" Invests F ifl simpd'Tnt'lTi Dreyfus F U.S. 13.77 13.V9 OILS GrtxJ Inc Stirs 4.64 Abany Oil Grcv'.IH Fquitv 8.21 !.C! Plains Pels 2.EO 20.C3 3 3.45 3.35 .59 23.50 Ncto York stocks (Supplietl By Richardson Sccnrilies ot Canada) New firm launched CALGARY (CP) -Forma lion of a company to rnanufac ture and sell aluminum extn sion products on the Prairie was announced by Alcan Can ada Products Ltd. and E. 1 Price Ltd. of Winnipeg. The company, Alcan-Pric Extrusions Ltd., is to build a plant in Calgary to compliment existing facilities operated by E. II. Price and a subsiftary, Price-Acme of Can- ada Ltd. The new company will be owned equally be Alcan and E. H. Price. Alcan vice-president R. W. F. Phillips said the merging of the companies' prairie extrusion business will produce more ef- fective service. Main extrusion products are used as trim and in the man- ufacture ot doors, window's, transport vehicles ami equip ment. Kenn Copper Anaconda 19.25 Sid Oil of NJ Befli 55.5D Texas Gulf ChryslEr 32.12Vi Texas Co Wix Ccrp Dupont iVDDlwcrth Gen Motors 75.35 West Elc-c Gulf 23.50 U.S, Steel Int Harvesler 36 Gen Tel Elec zv.io Sears 1W-25 TORONTO AVERAGES Mfgmry Ward 20 Indus 2.20 M Gold! off .81 83 50 10 Base MtlS 87.EB Off .54 15 Oils 243.98 ett 5.00 a; Oi Vclume YORK AVERAGES 30 Indust 957.74 fc.3J 73 219.82 up 1.64 15 Utilities 1U72 up 6S Stocks 312.51 Up 1-94 Volume 21.a 32.03 43.75 Standing by provinces Party L PC NDP SC 0 DM II Total PARTY STANDING I1Y PR OVIXCES AT 11 A.M. (Copyright. 1972. by The Canadian Press) TolnlNflil I'EI NS NB Qtin Ont Man Sask Alia Y- 108 107 30 14 2 3 261 7 4 H 10 53 2 0 14 I 1 74 2 7 3 0 0 1 13 4 R 11 0 0 0 23 LIST OF PARTY GAINS Canadian Press list of party gains: Progressive fjfinscrvalivp TVvOrJEW NOZZLES PROMISE TOAWKETOUROfLBURNER YORE EFFICIBNT. THE FIRST HASMICROSCOPICSLITSINA SPHERICAL HEAP WHICH CAUSE THE OIUTO8REAK UPINTO NEAR-MOLECULE Sire PARTICLES THAT BURN HOTTER... Plans to buy Ski-Doo firm MONTREAL (CP) Bomh- ardier Ltd. announced today it plans lo purchase the snow- mobile, clothing accessory and industrial operations of Hnlvor- son Inc., of Diilulh, Minn. TCombanUcf.' said in a news release it has signed a letter of i.Uent initialing procedures (or the takeover of Halvorsou, one of Bombardier's largest inde- pendent Skl-Doo snowmobile distribvitors. No sale price w.is announced but it was expecled agreement would Ix; reached within Ilic nest few weeks and become ef- fective Jan. 31. Halvorson distributes Ski-Doo snowmobiles in Wiscoasin, Iowa, Illinois, Minnesota, Mich- igan and North Dakota and eastern seclioas of South Da- kota. From Brome-Mis- sisquoi, Elgin. Grenville-Carle- lon, Halton, Halton-Wcnlworth, Hamilton-Mountain, Hamilton- Wcntwortli, Kingston and the Islands, Lar.iirk-Kcnfrew-Carle- ton, Lincoln, Middlesex, Niag- ara Falls, Noilhumberland- Durham, Ontario, Ottawa West, Pee 1-Dufferin-Siinece, Peel South. St. Catharines. Toronto- Don Valley. Toronto-High Park- Humbcr Valley, Toronto-St. Paul's, Toronto-Scarborough East, Toronto-Trinity, York East, York-Simcoc, Portage, Provenchcr, Winnipeg South Centre, Calgary South, Kdmon- tcn-Slratncona, Medicine Hat, Rocky Mountain, Burnaby- Uichmond-Deltn, Saanich. Frnser Valley East, Okanagan Boundary, Prince G e o r g e-Pcacc liiver, Van- co u v er-Quadra, N'ancouvcr South, Victoria. From New Democratic Batlloford'Kiralcrsley, Moose .law, Keninn East. New Deniocralic .Party (S) From Nickel Bell, Sault Sle. Marie, Toronto-Lake- shore, Toronto-Scarlwrougb West, Bumahy-Seymour, Coast- Cliilcotin, New Wcstniinslcr, Northwest tcn'itorics. Liberal (5) From Progressive Con Concepticn. Grand Falls-WTiite Bay-Labrador, Cardigan, Mon treal-Ste. Marie. From Social Social Credit (2) From Libaral-Dnimmond FUmoiLski. Independent (1) From Progressive Con _ hing Sure inq SureThi Beef futures WINNIPEG (CP) Live liecf tuturesi Nciv. B5.00X S3.COB Jan SS.10I? 35.1CB S3.MB 35.00B Friday's volume: Two con- tracts. Dividends lly T1IK CANADIAN PltKSS Ccorgc Wcslon Ltd.. 23 cents, Jim. 1. record Dec. 7; per cent )ifd., 1st scries, six i per cent pfd.. second scries, 1 boll! payable Dec. I record Nov. 15. Huron and Eric MortgaRr Corp. 20 ccnls, Jan. 2, record Dec. I. I.aura Sc-cord Candy Shops Mil., IH'i cents, Dec. 1, record Nov. 17. Sure Thing J Thing Sure Thing Sun lyre Thlrtg Sure Thing Sure Thing-Sure Thin> ure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure T ig Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing ure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Tiling Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing S Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure Thing Sum Thing Sure Thing Sure Thing S 3 Sure Thing Sure Thing Sure Thing Sure Tiling Sure Thing Sura Thing Sure Thing Sure Thing Sure Thing Sure Thing Sure T 1972-1973 CANADA SAVINGS BONDS turn into in just 12 years! This new issue provides Canadians with an investment, which, if held for twelve years, will provide an average interest return of Available in amounts of and these bonds may be cashed at any time at full face value plus earned interest. To place your order or to obtain full Information on Canada Savings Bonds, call or visit our nearest office. In a world of ifs, buts and maybes, it's great to have your money on a Sure Thing! RICHARDSON SECURITIES OF CANADA THIRTY-THREE OFFICES ACROSS CANADA YOP.K. CHICAGO, GR.VKO CAYMAN. LONDON, FRANKFURT, HON3 709- RESIDENT MANAGER, MR. J. R. DUNSTAN 1TH AVENUE SOUTH. UETHBRIDGE. PH. 327-5757 ;