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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 9, 1974, Lethbridge, Alberta 14-THE LETHBRIDGE HERALD-Monday, September More recognition from gov'ts Recycling industry requires help TORONTO (CP) The recycling industry is a grow- ing one which accounts for "an estimated billion in business a but it needs more recognition from the governments, says Elliot Krever, president of the Cana- dian Association of Recycling Industries. He said in an interview that the main components making up the recycling sector are not regarded by governments as legitimate industries. Governments should recognize the recycling sector for the extent of its operations, its importance to the economy and for the dollar value of material it produces, not to mention the many thousands of people it employs, he said. The association's 300 member companies are grouped in five divisions: Ferrous metals (iron and steel non-ferrous (copper, brass, aluminum. lead and other scrap secondary metal, paper stock and textile fibres. Mr. Krever said the associa- tion has made some head way with the government, es- pecially in the last six months, about matters affecting its members but that there are still areas which need revisions. He cited taxation and freight rates as example of disadvantages to member companies. "The federal 12-per-cent Egg destruction irks former church leader TORONTO (CP) While Canada is destroying eggs by the millions, children in the world are starving to death every day, the recently retired moderator of the United Church of Canada said Sunday. Rt. Rev. Bruce McLeod said in an interview he is incensed that millions of eggs have been allowed to rot in Ontario and Quebec recently when Whelan doubts further boost in food prices HALIFAX (CP) -Lower- than-average grain yields forecast for Western Canada will not necessarily mean a wide range of consumer food price increases this year, Agriculture Minister Eugene Whelan said Sunday. In an interview, Mr. Whelan said the frost damage to the grain crop would likely make large quantities of low grade feed available to meat produc- ers. we may have to take a tougher look at the two- price system for feed grains" in order to ensure that exports do not have too great an in- flationary effect on domestic prices, he said. Meanwhile, the government hopes to improve feed grain self sufficiency in other parts of the country, but Mr. Whelan declined to be specific. nutritionists agree that one egg will maintain the life of a starving child for a day. He called it a "tragic com- mentary" on the Canadian system and way of life with politicians explaining away the destruction of the eggs while thousands of children starve. The Canadian Egg Marketing Agency announced that in mid-August nine million eggs were destroyed that had rotted in a Quebec warehouse and a Toronto processing agent said recently his firm found 3.6 million bad eggs in the 18 million it bought from the agency. "Anyone who has ever seen a starving child as I have said Very Rev. McLeod, un- able to finish his sentence. He said the figure is a conservative estimate and probably a great many more children dying than that." "Canadians eat too much. Most Canadians are too fat. It's just heartbreaking. There's no justification for it Bankers begin discussions on money market topics BASLE. Switzerland (Reuter) Leading central bankers meet here today to discuss the problems of Western money markets and means of recycling Arab oil funds into hard-hit industrial economies. Informed sources said these topics will be on the agenda for the routine monthly meeting of the Bank for Inter- national Settlements clearing house for the world's central banks, grouping bankers from 30 countries in West and East Europe, the United States. Canada and Japan. Some of the central bankers came here fresh from six- power economic talks near Paris during the weekend, which also covered inter- national capital markets and the problems caused to in- dustrialized countries by higher oil prices. The Paris talks, attended by finance ministers and top offi- cials from the United States. West Germanv. France. Brit- FOR LEASE! 4 Bay Service Station In Lethbrldge For complete investment requirements and profitability CONTACT: R.T.STMND 335 8th Avt. S.W., Calgary, Alberta or Phone 268-0330 or 244-6846 UNION OIL COMPANY OF CANADA LTD. am. Italy and Japan, ended in agreement that mechanisms for recycling oil funds should be strengthened and diver- sified. Announcing this in Paris, French Finance Minister JeanPierre Fourcade also said stricter surveillance of the international capital market and the strengthening of controls should help com- mercial banks avoid dangerous situations. The central bankers, meeting for the last time before the annual meeting of the International Monetary Fund in Washington later this month, are expected to dis- cuss the growing list of foreign-exchange losses by United States and European banks. Fourcade said central bank- ers will increase surveillance of external operations by com- mercial banks and will take steps to help banks with tem- porary liquidity problems. The source said the central bankers will also discuss in- flation. The Paris meeting produced an agreement that the six will co-ordinate their economic policies to tackle in- flation without cutting world trade or employment. sales tax on equipment does not apply to manufacturers and Mr. Krever said, adding that association member companies are not automatically exempt from the same tax. Secondary metal dealers and processors must apply for an exemption from the tax every time they acquire new equipment for processing pur- poses. "Sometimes they get an ex- emption, sometimes they he said. The secondary metals sec- tor also believes it is being discriminated against in rail freight rates, which are lower for virgin metal than for material recovered from scrap or secondary metal moved in bulk. Mr. Krever said the recycl- ing industries "are important because we conserve and ex- tend the period of time for the use of virgin raw materials." Recycled aluminum ac- counts for more than 25 per cent of all aluminum produced, he said. Mr Krever added that between 17 and 20 per cent of all new production in Canada comes recycled material. Increase price of bubble-gum TORONTO (CP) has hit the bubble-gum set where it hurts most in the chomping department. Fleer Ltd. of Toronto, which manufactures Dubble Bubble Brand gum, has announced it will be doubling the price of its bubble gum ball to two cents from one cent. The increase, first in 25 years, was blamed on costs which the company says have risen an average 150 per cent. Company president W. K. Cowan compared the arrival of two-cent bubble gum to the passing of five-cent chocolate bars and said it was "sad to contemplate." However, he said, all was not lost, because along with the big increase in price, the company has increased the size of the gum. Rock wool plant sold CALGARY (CP) Coynex Development Ltd. of Van- couver announced today the purchase of a rock wool plant at Exshaw. 60 miles west of Calgary, for SI million. The plant was built in 1947 but it has not been in full-time production since 1963. F. D. Hickey. owner of the plant, granted Coynex permission to do an independent feasibility study in May with the option to purchase. Coynex exercised the option Wednesday. The plant now will be known as Alberta Rock Wool Corp. Ltd.. a Coynex subsidiary. Products at the plant include loose wool, rock wool batts. rock wool blankets, in- dustrial insulation and rock wool cement. When fully operative it will employ about 30 workers. The Future Home of THE BOLT SUPPLY HOUSE NOW LEASING Bay sizes from Square Feet WHOLESALE WAREHOUSE COMMERCIAL OFFiCES SHOPS The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Afton Mines 4.50 Albany Oil .21 Alta East Gas 4.00 Almmex 430 Asamera Ashland Oil 6 50 BP Canada 11.50 Brenda Mines 4.10 Cda South 2.15 Cdn Ex Gas 2.00 Cdn Homestd' 2.90 Cdn Ind Gas Oil 4.85 Cdn Long Is 15 Cdn Super 28 50 Chieftan Dev 4.50 Dome Pete 21 75 Dynasty 7.25 Nu Fort Reliance .15 Giant Mascot .80 Gibraltar Mines 7.00 Granisle 10.00 Gt Plains 39 50 Gt Cdn Oil S 6 00 Lochiel Ex 1.05 Lytton Mm 1 25 North Cdn Oil 2.95 Numac Oil Gas 8.50 Pancdn Pete Pan Ocean 8.00 Petrol 1.16 Pinnacle .21 Place Gas 23 Ponder 47 Ranger Oil 15.50 Scurry Rain 19.50 Seibens 7.87% Spooner Total Pete 5.50 Ulster Pete 66 United Canso 8.50 Westcoast Pete 2.60 West Decalta 3 90 MISCELLANEOUS INDUSTRIALS Acres Ltd 6.00 Aquitaine 16.50 BC Sugar C Pfd 1200 Block Bros 2.80 Canbra Foods 2 70 Cdn Pac Inv A Pfd 24 Cdn Pacific Inv 12.50 Carling O'Keefe A Pfd 16.25 Carling O'Keefe B Pfd 20.50 Comm Cap Corp 1.60 Crestbrook Ind 280 Crowsnest Ind 1200 Falcon Copper 8 F M Trust Co 3.75 Genstar 14.50 Home Oil A 23.00 Home Oil B 20.00 Hud Bay Co 11.62V6 Hud Bay Oil 21 00 Hud Bay Oil A 35.00 Hugh Russell C Pfd 60.00 Husky Oil Husky Oil B Pfd 32 00 Husky Oil E War 4 80 Interprov Pipe War 1.75 Interprov Steel Pipe 12.50 Kaiser Res 3.50 Kaiser Res War 1.35 Loblaw Co C Pfd 21.50 Magnasonics 155 Pacific Pete Pac West Air Pe-Ben Oilfield Serv Rainier Inc Royal Trust Teledyne Trimac Westfield Mm Weston A Pfd White Yukon 16.50 12.75 2.85 17.50 3.80 315 .60 4600 6.37V: PIPELINE STOCKS Alta Gas Trk A 10.00 Alta Gas Trk Pfd 54.00 Alta Nat Gas 17.25 Gaz Metro 5.25 Inland Nat Gas 10.00 N and C Gas 9.25 N and C B Pfd 17.62V4 Pacific Gas Trans 8.25 Trans-Cda Pipe 9.12% Trans-Cda A Pfd 49.50 Trans-Cda B Pfd 25.50 Trans-Cda War .73 WC Trans 15.75 WC Trans War 1 17 CALGARY Acroll .24 Barons Oil .06 N. Continental .02 Western Warner .19 VANCOUVER MINES Bathurst Norsemmes .78 Cima Resources .45 Dankoe 2.30 Davenport .42 Lornex 5.75 Northair Mines 1.66 Primer Pyramid .05 Silver Standard 1.14 Valley Copper 6.75 INDUSTRIALS Key Industries .06 Wardair 1.50 OILS August Petroleum .23 Plains Pete .11 Stampede Int'l Res .56 MUTUAL FUNDS All Cdn. Compound 4.84 5.26 All Cdn. Dividend 4.98 5.42 All Cdn. Ventures 2.31 2.51 Amer Growth Fund 3.00 3.96 A.G.F. Special 1.80 Cdn. Invest Fund 4.21 4.84 Eaton Comnwlth 11.18 Eaton Leverage 2.55 Eaton Int'l Venture 4.59 Corp Investors 4.93 5.42 Corp Invest Stock Fund 3.65 4.01 Dreyfus Fund U.S. 7.73 8.47 Grouped In Shares 2.47 Growth Equity 501 551 Invest Growth Fund 8 99 9 88 Investors Mutual 4 52 4 94 Mutual Accurn 4 98 5.47 Nat Resources 3.55 3.90 N.W Cdn. 4.15 4.56 N.W. Growth 3.37 3.70 Principal Growth 3.09 329 Royfund 5.02 5.23 Templeton Growth 6.45 7.07 United Accum 355 390 Universal Savings 6 67 7.34 Vanguard 3.80 4.16 Toronto mines, industrials (Supplied by Richardson Securities of Canada! MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung Cassiar Central Pat. Chimo Conwest Cons Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Discovery Mines East Malartic East Sullivan Falconbndge Frobex First Mantimes Giant YK Granduc Hollmger A Hudson Bay MSS A Hydra Ex Iron Bay ISO Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R L. Malartic G F. Martm McNeely Maclntyre Meta Midrim Intern Mogul NuWes! Homes New Athona New Calumet Noranda Nonngate Norlex Pine Poml Placer Dev. Pax Exp Quebec Man Rayrock RatJiore Rio Algom Roman Corp Snemtl Gordon Sleep Rock Surinmgdale Tek Corp A Termont United Canso Western Mines WH Copper Mines Wright Willroy Windfall Y-ellowirile Sear INDUSTRIALS A lean A Igorng Steel Aloo Ind Agra Ind Bell A EC lei Burns BC Forest 8 C. Sugar Bow Valley Ind Cable CAE Ind Cal Power Canbra Foods Can Cellulose Carling O'Keefe Chemcell CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Gri Lakes Paper Gulf Oil Greyhound Hawker Sid Hiram Walker A Huron Erie Imperial Oil A Imasca A Int Nickel Int Pipe Inv Grp A IU Infl IAC Ltd Jannock Kaps Kel Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McM.tl Bloed Moore Corp Molsons A Molsons B Nactiurs North Cent Peyto Power Core Price Co Rotrimans Shell CDA Simpsons Simp Sears Steel Can A Selkirk A Texaco Trad Grp A Trans Mln Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Sisooe Versatile .08 1.06 1.50 1.05 45V4 10.50 1.07 3.80 2.55 4 00 4.80 85 1.11 3.05 2.54 1 00 415 725 40.00 .29 1.12 4.25 2.10 32 75 .15 .34 7.87 V4 1.50 24.25 15.00 .50 4.75 1 00 1075 23 28.25 3.25 .09 1.CO 1.10 .27 22.25 .11 .11 3.80 5.00 .11 18' 3 31 25 4 10 21 2762'i 1.05 17 .65 15 25 75 762vr 1 23 4 20 3 15 17 2 15 265 110 1 65 1 1 235 07 27 50 Westerns 887V7 Woodwards A 24 BANKS 987vr Can Imperial 4 gS Montreal 42 25 Wova Scotia 12 00 Poyai 4862 Tt5r 9.50 9 25 1750 1 1 50 8 25 6.62% 18.50 2.60 3.75 2 55 4 80 8.25 20 25 2.85 12.00 26.00 25.25 14.12Vz 26.87% 36.50 20.25 8.25 25.00 2 30 6.00 38.00 16.50 24.12% 15.50 4.60 37.25 26.50 19.00 26.00 12.12% 5.37% 10.62% 14.75 4.90 1.95 4.60 6.00 2.80 6.25 8 50 13.37% '23 12% 41 25 16 00 14.50 4.75 9.25 2.55 8 75 1 1 00 8 75 1 1 62% 6 25 8.62% 27.50 1050 30 50 8 87% 1162% 9 00 1837% 762% 750 3 15 3 85 1725 1787% 21 37% 1200 32 25 25 75 30 75 New (inn Market prices sharply lower TORONTO (CP) Prices on the Toronto stock market were sharply lower in moderate mid morning trading today. The industrial index fell .86 to 162.63, golds 17.1 to 444.83, base metals 2.31 to 66.27 and western oils 2.41 to 138.14. Volume by 11 a.m. was 000 shares compared with shares at the same time Friday. Declines outnumbered ad- vances 143 to 82 with 118 issues unchanged. Distillers Corp. lost to Hamilton Group 50 cents to Dome Pete Vz to Moore Vz to and Imperial Oil A Vz to Market trends MONTREAL (CP) Prices were generally lower in light trading on the Montreal Stock Exchange today. Volume at 11 30 a.m. was 184.400 shares, compared with shares at the same time Friday. The industrial index fell 146 to 173.44. the composite 1.12 to 166.09, banks 1 09 to 205.18 and papers 36 to 99.86. Utilities rose .05 to 118.34 Distillers Corp.-Seagrams fell 1 to Imperial Oil class "A" 3i to Bank of Montreal Vi to Rio Algom Mines "4 to Bank of Nova Scotia V> to Canadian Pacific Ltd Vs to and Pan Ocean Oil Vs to S8. Total Petroleum rose 'A to and Bell Canada to Among speculative issues. Silver Stack Mines fell six cents to 57 cents after trading 21.500 shares VANCOUVER (CP) Prices were down in light trading on the Vancouver Stock Exchange today. First-hour volume was shares. In the industrials. Cornat was unchanged at on 2.000 shares In the mines, Northair was down 18 at 75 on shares. In the oils. Coynex was up 05 at on 10.000 shares. On the curb exchange shares were traded Cedar City was unchanged at 50 on shares. NEW YORK (AP) The technical rally of late last week died out in the stock market today, leaving prices broadly lower in trading marked by an early wave of pressure on goldmming and other precious-metals stocks. The noon Dow Jones average of 30 in- dustrials was down 8.45 at 669.43. and losers outstripped gainers by close to 2-to-l on the New York Stock Ex- change On the American Stock Exchange, the market-value index was down 68 at 67.55. None of the four or five best known gold issues on the NYSE had opened by noon. Giant Yellowknife Mines was down 2 at Pato Consolidated Gold Dredg- ing was off 2 at and Golden Cycle lost 2' z to S13Vz. all in active turnover on the Amex The NYSE's noon composite index of all its listed common stocks stood at 36 88 off .45. Among Canadian issues on the NYSE Distillers Seagram lost at S27H and Mclntyre 1'z at S22. Alcan Aluminium was up at and Massey Ferguson at S137n. Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Monday from the Calgary public stockyards totalled 600 head, practical- ly all slaughter heifers and cows. Trade was active on heifers and moderately active on cows. There were insufficient slaughter steers on offer to establish a market. Heifers met a good demand at fully steady prices Dl. D2 and D3 cows met a moderate demand at prices lower but D4 cows sold steady. Heifers. Al. A2- 43-4450 Cows. Dl. D2. 21-22. D3. 20-21. D4: 16-20 There were no replacements on offer Hogs fob to 11 a m 53 30 Preliminary slaughter figures for week ended Sept 7- Canada hogs 149.070. beef 55.132. Alberta hogs 30.696. beef 22.006. Fort Macleod KOKT MAC1.KOD Only 307 head ol cattle sold last week by Fort Marlcod Auction Market. Slaughter steers and heifers were Jl .w mcr the previous week's close with cows nlf hulls easier by All classes of stifr; and feeders WCTV light ucifihts were a liHic SI.AIX-.HTKR CATTLE One pmip IS hall Maine-Anjou rs I .192 Ibs 51 Al and A2 steers ITI tFraHirts KdroiDlon M 35 iM'ffri falcan -S3 .VI (MfiBi KT! SS l.S iMWi sfld 1i H m S.22.S. Iiogs jiwld Fnisn 2917 5281. Dollar value MONTHKAI. P T S in Canadian a1 nnwn a1 SOW, 41-SO JVnma <1rr1mi! 1 -I" 2S 37-3W In Die- Cytothm TmrtaiKf-d al ffl Potmd Berime was op MO at 1-10 Mclntyre was down IVfe to Vz, Giant Yellowknife 1 to Agnico-Eagle to and Pamour to Ranger fell Vs to Vt and Canadian Export Gas eight cents to Algoma Steel gained to Total Pete Va to Molson A to Bell Canada Vs to and Toronto Dominion Bank Vt to DEATHS BAND James Thomas Sefton, aged 23 years, Con- stable R.C.M. Police, Powell River, B.C., after a brief il- lness, passed away Sunday, September 1974 at Van- couver, B.C. He leaves to mourn his passing, his wife Colleen M. Band (Nee parents, Mr. and Mrs. Thomas W. S. Band and sister Patricia; maternal grandmother, Mrs. E. Karan- din, Southland Nursing Home. Mr. Band received his educa- tion in Lethbridge and was very active in sports. Funeral arrangements at Lethbridge to be announced. In lieu of flowers, donations may be made to the Canadian Cancer Society. 1157A KLAUZINSKI Passed away Saturday, September 7, 1974, at Fort Macleod, Philip Klauzinski of Pincher Creek at the age of 98 years. Born in Germany he came to Nova Scotia in 1902 and worked as a miner, he then moved to Michell, B.C. and also the B.C. Coast. In 1916 he homesteaded in the Beaver Mines area and farmed there until 1932, when he retired to Pincher Creek. He is survived by two daughters, Mrs. Edith Sperka of Calgary and Mrs. Elizabeth LaGrandeur of Pincher Creek; one grandchild; seven great- grandchildren and three great-great-grandchildren. The funeral service will be held in St. Michael's Roman Catholic Church, Pincher Creek on Tuesday, Sep- tember 10, 1974, at 11 a.m., Rev. Father Martin Hagel of- ficiating. Interment in Fair- view Cemetery. Friends may meet for prayers in Eden's Funeral Home this evening at p.m. Funeral arrangements by EDEN'S FUNERAL HOME LTD., Pincher Creek. C1766 CARDS OF THANKS ANN CAMPBELL SINGERS Will you please permit me to express a few words of thanks on behalf of the "Anne Campbell Singers" who have just completed a tour of England. Denmark and Germany. Whilst the girls will be writing to individuals direct. I feel that a public "thank you" is called for. To all who helped us in one way or another, many thanks. Anne Campbell C1761 WALBURGER We wish to extend a thank you to everyone who helped during the illness and passing of our dear mother and grandmother. A special thanks to her doctor and all doctors and nurses at the Cardston Hospital and all who. brought food and flowers. Ferguson. Zona Christensen. Tom Walburger, Keith Walburger. Russell Walburger and families. 1157 SHIRLEY We wish to express our sincere thanks to all those friends and relatives who showed their kindness to us at the lime of the passing of our dear husband, dad and brother. To those who sent flowers cards, donations to the Heart Fund and the many weJI prepared foods we are Iruly grateful. These many expressions are a comfort to us and your thoughtfuiness will be forever remembered and appreciated. May we also say "Thank Yoa" for the sympathy expressed by business firms and by the many individuals we meet in the course of our days work. Cub mothers as usual were wonderful and "prepared We do especially thank those who were so very kind to Bill on this and previous illnesses: The doctors and nursing staff of Municipal Hospital. Jane. Linda. Diane. Mae. Edna and families. 1136 ;