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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 5, 1972, Lethbridge, Alberta uxdoy, f, THE tiTHUIDGi IM Market prices up in light trading TORONTO (CP) Prices on the Toronto stock market rose moderately in light mid-morn- ing trading today. Industrials were up .62 to 215.S3, base metals .25 to 86.53 and oils. 50 to 256.18 Golds, lu v- ever, fell .36 to 206.59. Volume by 11 a.m. was 000 shares, up from the shares traded by the same time Friday. Sectors which registered ad' vances were industrial mine, oil refining, trust and loan, b erage and communication is- sues. Bank, food product, mer- chandising and real estate stocks were off fractionally. ADVANCES LEAD Advances outnumbered dines 83 to 80 with 128 issues unchanged. Falconbridge was up 4-Ki to Inco to Con sumers Distributing to Argus 'A to Vz and Imperia Oil to Robinson Little was off 114 to Mil, Bell Canada >fi lo MICC Investments V, to and Sklar to Sherritt rose to Mat tagami Vt to and Bcthle Nickel em Vt to J20V4. Rio Algom fell 4 to and Kam-Kotia 7 cents o 41 cents. Siebens climbed Vt to Vt and Numac V, to prices hiked Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnaig JJmHed) Airliner's hush sets standard a.m. Guafei) WESTERN OILS LAST BID OK SALE CJuolesl a.m. Quoits) Husky OH Crpd. J.M Kwky Oil I Husky Oil Ashland BP Oil Gas Can Soulii Ex Caj Cdn Homesfd Gas OH Cun Super Cdn Long Is Charier Chlcllan Pe1e Gt Plains Gt Cdn Oil Lochlel Norm Cdn Oil Numac Pancdn Pan Ocean Pclrol 9.05 '.35 11.00 41 35 3350 7.7J 6.15 4.05 .7S A. SO 3.95 A 35 Pin cle TORONTO (CP) Falcon- bridge Nickel Mires Ud. of To- ronto has increased its refined nickel prices by 20 cents (U.S.) a pound to 51-53 a pound for electrolytic nickel and to a pound for granular nickel. The premium for one-inch electrolytic nickel squares has been reduced from two cents (U.S.) a pound to one cent. Cor- responding price changes apply in all other markets throughout the world. Spokesmen for International Nickel Co. of Canada Lid. and Sherritt Gordon Mines Ltd. say they have nickel price in- creases under consideration. A Falconbridge official de- scribed the price increase for refined nickel products as unavoidable because of higher production costs due to the rapid increase in labor and ma- terial charges associated with a decrease in the grade of ore mined. MONTREAL (CP) Prices were slightly higher, with in ustrials leading the advance n light early trading on the Montreal stock market today. Combined volume on t ti 78.75 Nov Royal Scotia New Yorfe stocks (Supplied By Richardson Securities of Canada) Grain prices Winnipeg Grain WINNIPEG (CP) There vas good strong trade in all sectors of the market at mid- session on the Winnipeg Grain Ixchange. Hedge selling, inter-month spreading and outright buying the market bmiyant. Flax was 1 higher, Van- couver rapeseed advanced as much as four cents while Thun. der Bay rapeseed was a cent higher. Rye advanced "B ici i cents, barley was fractionally higher and oats was steady. Mid-session prices: Flax: Oct. 1 higher 3.24 Nov. 1 higher 3.23A; 'i higher higher 3.22 Rapeseed Vancouver: Sep. A higher 2.63A; Nov. 3 higher 2.62 U; Jan. 4 Ve lugner 2.6.1 sA; March 2 }i higher 2.62 iA. Rapeseed Thunder Bay: Oct. Concorde with AeroepalUb rf France, said: "We am still waiting to hear whether Ameri- can air lines will buying Concorde." The Western world's first personic transport already been ordered by the flag air- lines of Britain, France, and the embryonic airline of China. A British spokesman said qiil- eier and cleaner engines would be filled to the operational Con- corde. Undertakers criticized in report i T I: T a.tni Sears Anaconda 1975 std oil of NJ Beth Steel M.W Texas Gull Chrvilfir 30.B7W Co Comsat 60.62Va wix Corp Dupc-it 1S7.75 Woolworth Gen Motorl 77.67VJ West Eilec Gulf U.S. Steel InT Harvester Gen Tel Efec Kcnn Copper 2S.37V) TORONTO AVERAGES Montoomery Ward 24.00 30 Indust 315.63 up .73 I Golds off .3J 10 Base Mils 76.67 up IS Wcsl Oils 256.02 Up 107.25 M75 1W.75 volumo 29.50 NEW YORK AVERAGES 3B12W 30 Indus! .32 47.50 30 Rails 332.16 off 1.74 higher Wgher 2.45A; Dec. Nov. higher 65 Stocks 317.71 oj .6) Volume 5.JOU.OOO 2.44 Vi; May Vt higher 2.53 y4B. Oats: Oct. unchanged 80 Dec. unchanged 79 May unchanged July ?i high, er 8H Barley: Oct. unchanged 1.23; on .Ml Dec. V, higher 1.24 HA; May EDMONTON (CP) The federal government should slow dowii northern resource devel opment as part of a policy t. increase Canadian ownershi] and control in the energy sec tor, say discuaskinal paper prepared for the Committee fo an Independent Canada. The papers do not represen committee policy, but will be discussed at a national polic conference here Sept. 14 lo 17. Other major recommenda ions include: Postponing development :he Mackenzie Valley road an pipeline until Canada requires the enargy and the project ca be financed by Canadians; Establishing a federal native affairs department and shifting northern development responsi- bilities to the department of regional economic expansion, from the Indian affairs and northern development depart- ment; Placing a substantial tax possibly 33 per cent or on all Qarjadian energy re- source exports; Abolishing all special tax in- centives and development ;raiiLs except for Canadian companies; Prohibiting Immigration of foreign scientists, engineers and managers entering Canada to work for foreign owned com- panies involved in resource de- hat the show had been open to he whole of the European con- inent. Lockheed's TriStar, aiming at t billion in orders, took part )ecause it has British engines. The TriStar was boosted by t orders from British Eu- opean claims o be Europe's biggest and two orders from Court :.ines Charter Organization, a I'acation agency. The plane can carry up to 400 passengers. "These sales have given an enormous impetus. We are coking forward to the sale of up to 45 TriStars, which could x worth a billion dollars for said a source with the American manufacturers. PROVIDED FUNDS The British government saved Rolls-Royce from bank- ruptcy in 1970 with a huge in- jection of taxpayers' money that put the TriStar into oper- ation. "We found no significant crit- icisms of TriStar in our TORONTO (CP) Under- takers are criticized in a report lo Most Rev. Philip F. Pocock, Roman Catholic archbishop of Toronto, by a special commis- sion set up in January. The eight member commis- sion accuses funeral directors of frequently interfering with the relationship between a priest and "his sorromng peo- ple" by what is railed their "commercial concern." The report hits at prices charged by undertakers, saying there Li often a wide disparity in costs of identical caskets and services, "thus indicating rea- son for investigation of finan- cial statistics of funeral homes." It says there is exploitation of the bereaved as the result of ignorance or social pressures and the ensuing expense "may leave them in poverty." The commission was com- posed of members of the pas- toral council, an advisory body to Ih2 archbishop; the arch- the spokesman said. Concorde, unlike TriStar, did not land or take off at Far- nborough, but merely flew overhead. A spokesman for the British Aircraft Corp., joint builder of diocesan liturgical commission, :he Italian pastoral council and :he senate of priests. The report is to be studied and revised by the archbishop before being sent to the Na- (ional Council for Liturgy wor- ship rites in the fall. Warm-water soil test productive ANCHORAGE, Alaska (AP) A Wasliingtoft state experi- ment using warm-water dis- cliarges from nuclear power sources lo teat Ihe soil has pro- duced better growing condi- tions, a spokesman for Ihe proj- ect says. In one lest greenhouse, a 120- by-32-foot area produced 000 worth of tomatoes in a sin- gle season, Lawrence Bradley told the Western Interstate Xu- cloar Board here. The warm water was in pipes under the surface of the soil and presented no open pollution problems, he said. Bradley's statements came in higher 1.27 changed 1.28 A. July iin- Rye: Oct. V, higher 1.20 vaB; Dec. I H higher 1.23B; May 1 higher 1.27 July not open. OM. By Gene Fawcette WANTED! REAL ESTATE SALESMAN (experienced laleimen preferred) To help sell 100 Krahn Homes APPLY ASTRO REALTY, 425 Westminster Shopping Plaza Phone 328-7748 FHQW SWEDEN OF A R EVOLUTION ARV BLOOPFIt-TERTHE SIZE Of A POCKET RADIO.STRAPPED TOTHEAfWANDCONNECTEPi PLATES wrrH APPROPRIATE eNZYWES AMP AUTIBOPTES answer to a question about what could be done with the warm-water effluent from nu- clear facilities. He said farmers have ex- pressed an interest in the pos- sible benefits of heated soil in allowing them to reduce the amount of fertilizers and pesti- cides required to protect their crcps. COULD CUT POLLUTION If the experiments prove out, Bradley said, healed-water dis- charges could reduce pollution sy limiting runoff of agricul- tural chemicals into streams. Gene Rutledge, executive di- rector of the Idaho Nuclear Energy Commission, said cost- bencfil studies of agricultural uses still are being made but said ''we can all see that the corn grows higher" with (he heating system. Bradley and Rutledge describ- ed a commercial warm water j hatchery in Washington state which was producing "super trout." Rutledge said (he trout were being raised in naturally warm water but artificially healei! 1 hatcheries are being studied. If the hot v.aste can be har- i nessed safely, hot pools prob- ably would stimulate breeding and rapid maturity in young fish, he said. The board, composed of rep- resentatives of il western slates, was established to fos- ter a "sound and orderly ulil- ization of nuclear Livestock Calgary livestock CALGARY (CP) Receipts to 11 a.m. loday on the Cal- gary livestock market were 600 head, mainly slaughter steers and heifers. Trade was fairly active. Slaughter steers sold steady with a few crossbred steers to 34. Medium to good holstein steers sold 30.50 to 32.20. Heif- ers .steady with no choice kinds on offer. Cows sold steady, bulls sold lower. Choice steers 32.25 to 33.50, good 31 lo 32, medium 30 lo 31. Good to low choice heifers 28.75 lo 30.50, medium 27.50 to 28.50. Good cows 24.75 to 25.80, me- dium 23 to 24.50, canners and cutters 19 to 22.50. Good bulls 27 to 30. Replacement c a I f i e were scarce, selling at steady prices. No stock calves were offered. velopinent. A paper on northern- develop- ment says because Canada can- not meet the financing require- ments of its northern develop- ment, the government encour- ages "massive inflows" of for eign money which expands for eign corporate holdings in thi energy sector. "It follows that reducing the pace of resource development in the north must be an inte- gral part of a policy to increase Canadian ownership con- trol." Two-price cheques ready OTTAWA (CP) Eastern lanadian wheat farmers will receive cheques within next few days under the two-price wheat system announced by Otto Lang, minister responsible 'or ihe Canadian wheat board, last spring. The a gricuUure department said Friday the average pay- ment for farmers in Ontario, Quebec and the Atlantic prov- inces will range between and The payments will be made from a million fund. Western farmers alre ady have received payments under the plan as wheat production in the West is easier to determine, a spokesman for the depart- ment said. Under the two-price system, the accepts that three are different prices for export and domestic sales. Western and eastern fanne rs are receivisig higher payments for domestic sales, in order to keep the domestic price down for Canadian consumers. CMHC APPOINTMENT RONALD PUSHKARENKO Mr. T. H, Exlence, Province) Asiistant Regional Su- pervisor for Central Mortgage and Housing Corpora Iron an- nounces the appointment of Mr, Ronald Pushkarenko 01 Mana- ger of the Corporation's lath- bridge office. A native of Sud- Ontario, Mr, Pushlcarenko haj been with CMHC 1963. Good feeder steers 750 pounds up 32.50 lo 35.50. good feeder heifers 31 to 32.90. Hogs average base price 35.50. "CGA" MAKES THE DIFFERENCE woman designated as a Certified General Accountant has a i future. CGA students are drawn from among persons wno Assassination Intensive Training in I KAMPALA (Renter) Presi- dent Tdi Atnin of Uganda ac- cused Britain loday of planning lo have him assassinated be- fore his November deadline for the expulsion of British Asians. i He made the accusation in a Ftatement issued lo Ihe infor- mation ministry. The man or well-assured presently have an involvement in accounting. aspects ol financial managemDn! rewards them w.lh Ihe CGA design. 01, prepares them for advancement with their present employer, or offers them new and better opporlumlies with other organizations. You can make your own good news on the ,ob now and .n the future, by training as funeral Accountant. Ask enro.- ment information: Certified General Accountant. THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION PRAIRIE REGION 760. 404-6th Ave. S.W.Calgary Telephone 262-9222 ;