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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 13, 1972, Lethbridge, Alberta 34 'HE IETHBRIDGE HEP.AID SepHmUer 13, ioi production BANFF, Alia. iliion people can do the same on earth." Dr. Kuenen, general director ot the Research Institute for Mature Management in the Netherlands, made the remarks m a paper presented to a technical session of the triennial convention of the International Jnion for the Conservation of Nature and Natural Resources. "For quite a long Ume we will needi plants for food production." 1 Dr. Kuenen also is chairman of the union's commission on ecology. All kinds of plants and animals must be reserved for the purposes of biological control, domesli c a t i o n experiments, gene pools, pharmaceutical products and the scientific study of the living world, he said. "Further technological developments are necessary in many areas, but we must not make the same mistakes that have been made elsewhere, or destroy Ihe polenlialities of the environment. "Technologically advanced counlries must reorganize their land use so as to restore diversity wherever possible diversity must be safeguarded to leave the options open for meaningful future decisions." Delegates, representing more than SO countries, also were told lhat it would be immoral lo stop developing countries from building basic industries just because they may cause some pollution. DEVELOPMENT ONLY CURE James A. Lee of Hie International Bank of Reconstruction and Development in Washington, D. C., said the only cure for poverty is development wliich cannot, and should not, be stopped. Mr. Lee said developing countries have chosen not to remain in their "economic straitjackels of poverty." "They have chosen to develop. Development is part of their unfinished revolution. "They also know that the battle for development, for a decent life for their people, will be even harder to win than then- previous struggles for independence." Mr. Lee said there Is no reason why any industry today must destroy an food i needed ain the waters and the air, or lake people sick. "There are those who would enounce environmental com-romises, but is it possible to ompromise with the lives of tiople who are ill-fed, 111-oused, in poor health, jobless nd without hope for the quotations Vancouver, Calgary, Montreal (Supplied by Doherty, MeCualg Limited) LAST BID OK SALE a.m. OuolesJ a.m. a.m. Qbolesl WESTERN OILS Husky Oil B Invest Gr F 12.47 I3.W lirJnex 6.20 Husky Oil Wsr 4.55 Invest Mutual 5.V7 6.93 ASIa East Gas 7.H> Inter Prov Pipe 12.00 Mutual Ac 6.11 6.72 Asamera li.oo Inler Prov Stcs U.WV'i Mutual Gr F 1.93 i.n Ashland 11.50 Kaiser Res Nat Res 7.43 8.12 8P Oil Gas 5.70 Loblaws 30.50 N W Cdn S.41 5.95 an South 7.00 Manage 4.00 N W Gr 5.71 4.27 dn Ex Gas 3.75 Pacillc Pele Gf J-" dr. Homestd S.35 Rainier 4.75 dn Ind Gas Oil !0.37Vi SanJwell 3.50 7i mL 11? 13 Cdn Super 49.35 Teledyne 4.30 R w S'M Cdn Long Is .34 West Cdn Sesd Sav S'X Charter 4.10 White Yukon U.3714 Xjfflrd 10.06 Chleltan H.OO Westlleld 1.10 Dome Pele 40.50 Wcston Prd 45.25 VANCOUVER Gt Plains 33.OT CALOAHY MINES Gl Cdn Oft 7.50 Acroll .56 Atlon 9.60 Lochlel 1.65 Barons Oil .03 Atlas Explor .45 North Cdn Oil Norlh Conl -OIVi Bath Norse .81 Numac 17.50 West Warner .36 4.95 Pancdn Pele 13.75 PIPELINE STOCKS Cr.urcnill Copper .43 Pan Ocean 14.75 Alia Gas A 59.50 Croyden Pelrol 1.29 Alta Gas Pref 69.00 Davenporl .58 Pinnacle .33 Alia Nal Gas 21.00 Dsnkoe .58 Place Gas .76 Inland Nal Gas Varden 35 Ponder .58 N and C Gas gynasly 9.35 Ranger 20.42Vj N and C B Pld 27.00 Scurry Rain Pacific Trans 12.75 SpocnV .73 G6i Metro 4.50 f.M SeMns GO! Kelrc. A JO.OO Tola! Pele 7.CO Trans Cda P jn 45.50 i'S? Ulster Trans Cda B 11.50 LyMon Minerals 1.95 W. DEcalla 6.10 Trans Cda A a3.CC pyramid West Pete 10.7S Trans Cda War 12.50 MISCELLANEOUS JJC Trans 28.25 a INDUSTRIES MUTUAL FUMPs' rnnnpr o In Aquilaln. 26.75 Gl Pacillc 4.96 5.42 Brnco 600 All Cdn Com (.51 9.33 INDUSTRIALS n A All Cdn Divd 9.3410.21 Block Bros 3.2S r5H n M V> 17 m A" cdn Vent M D c- Sugar 22.50 Cdn mill tt 37.00 Amr Gr F 4 6aiBc. Sugar ,500 Cdn Pacllc Inv 24.37'A A5F Specia 3.24 Capl Inler 3.30 Cromnesl Ind 24.50 cdn F 5 19 5.4, 3.05 Falcon Copper '2.37V, j m la creslbrook f Ind 3.50 15-W Inter' 14.97 16.45 Hys 3.10 Home A 36.75 Cmnw Ley 4.45 Key Indus! .7] HOiTM B Cmnw Vent a.14 8.95 pacilic w Air 23.00 Hud Bay Co 18.50 Corp Invest 6.22 6.79 Stampede Inll Res JJ Hud Bay OU 45.25 Corp In SI F 5.21 5.69 OILS Hud Boy Oil Pfd 54.00 Dreyfus F U.S. 12.72 13.94 Albany Oil 91 Hugh Russell 42.S2W Gr In Shares 4.38 4.82 Plains Pete .18 Husky Oil 15.75 Gr Equity 8.33 West Explor .D9Va Toronto mines, industrials fSnpplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) (11: DO a.m. Quotes) MlvOO a.m. Quotes) MINES Oslsko ,51 Oofasco 2B.50 Acme .27 pfne Point 31.50 Cable 20.50 Advocate Asb. 1.45 Placer Dev. 42.00 Grf Cdn Oil 7.50 Afcaitcho .54 P.C. Exp. 2.81 Gen Motors >J.OO 2.15 Quebec Man .11 Gr1 Lakes Ppr 15.75 Broulan ,30 Ravroclc 1.01 Gulf Oil Cda 3UO Beihiehem Radicre -32 Greyhound 21.25 BronsVr-icX 3.75 RJO Alqom 19.42Vi Sid Canada Tung. 1.50 Roman Corp Hur 8, Erie 37.00 Cosslar 16.75 Sherritt Gordon Hiram Walker 47.fi2l'j Pat. stiver MIITer .04Vz Imp OiF 38.621'? Chlmo .99 Rotk 1.90 Imasca 26.S7V: Conwest 6.50 Corp. 5.W Int Nicket 33.Wz Cons. Rambler I.9D Texmont ,i2 3nt PFpe 28.00 Lake ,09Va upper Canada 7.70 Inv Grp A 9.00 Cochenour .47 Western Mines 3.40 Int Uiil 41.87W Cralgmcnt 7.80 Wright Hargreaves 1.15 Indus! Accept 21.25 Dfckenson 5.65 Willrov 1.25 Laurenllde Denisoa Minis 30.M Windfall 10 Kelly Doug A 7.75 Deer Horn .07'A YellowKnife Bear 4.00 3.95 D'Eldona ,4Wa Zenmac .11 Loblaw A Dome Mlnei 71.50 Mel Stores MZ.37', DtwaltJa .45 INDUSTRIALS Massey Ferg 16.75 Discovery Mines .73 Abillbl 9 75 McMfllan Bice 35.2S East Mafarlic 7.4S Alcan 23.25 'Aoora Ccrp East Sullivan 2.35 Algoma Steel 14.25 MoLsons A 29.75 Falconbridge 63.25 Atco Ind 1750 Molscns B 18, iO Frobex .35 Atlantic Sugar Norlh Csnt First Marillmei .53 Aqra 1nd 1700 Power Corp GFantY.K. 7.XO Tel 43.50 Co Bovls Brazil Trac ?1 00 Rothmans 20.50 Granduc 3.65 BC Tel S9 00 ST. Law Corp 20.00 Headway R.L. 6.50 Burns 1SJ5 Shell CDA 47.00 Holllnger 4X25 B.C. 22.00 Simpson's 2B.2S Hudson Bay M-S 22.50 s'c Sugar 22 25 Simp Sears 39.50 Iron Bay BOW Val Ind 34 Steel of Cda 35.00 Iso CAE Ind 925 Selkirk A 25.50 Jolfet Quebec .12 cdn Brew 750 Texaco 54.00 11.25 chemceir Traders Grp A 19.75 Key Anaccxi .20VLr Col Cell Tm5 Mfn PP Labrador 39.25 Calgary 26.00 Trans Cda Pp Lake 3.25 Coron Credit 1.65 Union Gas 13.55 Langis Silver .06 CVVN Gas Pld 1150 Union Oil 44.CO Madsen R.L. .57 cdn Ind 17 Alto VerialKe Mfg 6.00 Walartlc G.F. cdn 490 Westeel il.42V Marlln .13 1075 Car 18.23 51.00 Chrysler 30.'oo Weslon'i B 27.M Mela .11 rpo 16I21A Woodward's A 2S.25 Mldrim comlnco 27.50 Cdn Seed 6.15 Intern Mogul cons Ba1h 16.00 Zenith fclec 3.00 Nu West Homes 10.00 cons Gas BANKS KSSBr.1 :K BIS, Iffiir Horse Copper 7-50 Domtar 15.SO Mon'real 20.621 Noranda 39. mi Dorn Textile Nova Scofia 38.00 Morthqale 6.30 Dom Stores 16.62'A Royal 55.371 Norlex .23Va Dome Pete 40.37Vs Tor-Dom 35.87' IVetw York stocks (Supplied By Richardson Secnrities of Canadil Amr T and T Sears 1M.7S 30 Gtlds 20KW off .40 AnaccndJ 18.23 Sid Oil of H J. 10 Base ttel SSJ.03 up .0 Beih 29.SO Texas Uuir 15 W Oils oil .79 Chrysler 30.50 Texas Co Volume Comsat a.2S Wkkes Corp JS.MViNEW YORK AVERAGE Dupont 173.35 Wwlworth 30 Intlusl 946.37 up .28 GM 75.75 Weslrnghouse Elec 40.13 H Rails 232.11 .96 Gulf 24.37V, J.S. Slecl ,j ulllitili Mfl.1l, OH Inl Harvester Gen Tel Elec Kenn Copper 23.35 TORONTO -AVERAGES S.M.KS 3W.05 oil .25 Montgomery Ward 32.75 30 Indusl 710.40 off .49 Volume by how substanti LONDON (CP) European erest in Canadian investment iportunities has entered a pe-od of substantial expansion rich shows every sign of con-nuing, stockbrokers and fund aiiagers here say. No figures are yet available o show the precise increase in und movements to Canada but number of brokers inler-ewed described it as "large ough to be excited about." They said a fairly large in-ow of European investment in anada was likely to build up hrough October and This was almost certain to >e sustained as long as the Ca-adian economy continued to xpand and markets in Europe nd Japan remained relatively ack. Spokesmen for the Canadian nvesttnent firms of Nesbilt-lomson Co. Ltd., Greenshields nc and Wood-Gundy Securities :d. said Monday the main Eu-opean interest so far is al increase ckel, oil and other natural re-urces, breweries and leading avy industries. A spokesman for Wood-Gundy id the current increase in In-rest is comparable to an up-urge in European attention to le Canadian market in the late 50s. "But Investment now is less >eculative, less dramatic and rected more to long-term owth he said. TUDY U.S. ECONOMY The spokesman said most Ei> peans look to economic condi-ons in the United States as a rime indicator of the strength the Canadian economy. "At the moment, and likely r some time to come, the U.S. eems to be on an upswing, his makes the Canadian econ-ny look even better because it as fewer social Instabilities to ontend with, be said. A Nesbitt-Thomson official aid he found some European nvestors upset by the recent DP election victory in British olumbia. "They were concerned about the dangers of >rovincial takeovers of leading irms and so on but they were c atively easy to reassure." A spokesman for Green-lields said Europeans have ooked to their own markets for ivestment opportunities over w last couple of years as well as to that of Japan. "But, Japan, Europe, and es-ecially Britain, are not looking leorly as healthy now and Can-da seems to be moving head." Tlie British stock market had Is worst day in three months londay as a crashing fall in hare prices wiped millions of louuds from market values. The Greenslrields official said Europeans are likely to remain optimistic about Canadian investment prospects as long as a cal growth rate approaching even per cent could be main-atned. Inflation was not a ma-or problem. up trading ind Bell Canada Vi to while nteruatiinal Nickel was up 14 o On the Canadian Stock Exchange, Belgium was up to Wi. DJA UP NEW YORK (AP) Tlie stock market was hesitant to-c ay but showed a mild resistance to the downtrend of the last six sessions. Trading was slow. The noon Dow Jones average of 30 industrials was up .23 to 946.27. Advancing issues held about a 5-lo-S advantage over losers on the New York Stock Exchange. Al noon the New York Stock Exchange index of more than common stocks was off .02 to 59.55. The American Exchange's price-change index edged down .01 to 26.18. Massey was up li to among Canadian issues. Off le were "Alcan at Canadian Pacific at Distillers Seagrams at and Walker-Gooderham at 54831 On the Amex, Canadian Javelin was up at SOii and Canadian Marconi 14 at Scurry Rainbow Oil was off 1'a at Slock pri in early TORONTO (CP) Prices the Toronto stock market were fractionally higher in light mid-jnorning trading today. Industrials were up .13 lo 211.22 while golds fell .83 to 202.04, base metals .14 to 94.88 and western oils .14 to 231. Vo ume by 11 a.m. 1 000 shares, slightly uglier tliiui the shares traded by the same time Tuesday. Sectors of the market contributing to its uphill suing were beverage, general niLimifac-turing, indus rial mine and pipeline stocks wh'lc communication, merchant sing, Irust and loan and utility issues dropped slightly. Declines still held an advan-tag over to b'3, while 208 issues remained unchanged. Kclvinator rose lo Interprovincial Pipeline 'i to Inco to S33'.i, Milton Brick 25 cents to and Abilibi to Vs. MICC Investments tell -Yi to Trizec to Hell Canada to Robinson Little ?s to and Acklands Vi to Kerr Addihon climbed to Giant Mascot 5 cen s t o and Agnico-Eagle 5 cents to Rio Algom slipped Vs to and Northgate 5 cents to Chieftain increased :ii to Pan Ocean Vi to and Asa.-mera li to S14. Canadian Superior dropped la to l, 2 and Numac ft to LIGHT TRADE MONTREAL CCP) Most sectors declined slightly in light early trading on the Montreal Mock market today. On index, papers were off .61 to 93.53, utilities .20 to 159.88, industrials .10 to 227.00 and the composite .13 to 218.72. Combined volume on Ihe Montreal and Canadian slock exchanges at 11 a.m. was shares, compared at the same lime Tuesday. Denison dropped to rotary engines come off line MILWAUKEE (AP) The rest rolary combusllon engines nginecred and manufactured n the United States came off Dutboard Marine Corp.'s Evin-udc Motors Division assembly lines Tuesday. The rotary engines were >eing shipped to the firm's Peterborough, Ont., plant fen-assembly into Evinrude an( Johnson snowmobiles scheduled or delivery to dealers by late September, said William C. Scoll, OMC presidenl. In the rolary engine, a revolving piston replaces up-and-down pistons to produce power. Combustion takes place alongside the three-sided rotor as i revolves through the Intake and compression cycles inside a cylinder. The 35-horsepower engine created through the company' licence agreement with Curtiss Wright and NSU Wankel "emits a low-pitched, ver; pleasing engine sound, highl; acceptable from a noise reduc ioa the firm prices Winnipeg Grain WINNIPEG mar-tet continued mostly firm al mid-session in the Winnipeg rain Exchange today with nly flax and Thunder Bay apcseed at lower prices. Flax had a small commission louse trade with prices one cent previous close levels. Vancouver rapeseed contJnuec o show some strength with >rices a cent higher on active rading, but Thunder Bay prices were moving fractionally in Mth directions. A good commission house anc domestic shipper trade in oats and barley moved oats nearly wo cents higher and advanced jarley fractionally. Rye had a moderate trade with prices slightly higher. Tuesday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices: Flax: Oct. 1% lower S.mjB: lower 3.17B; Dec. ower S.OSVzB; May 1% lower Rapeseed Vancouver: Sep. IV, higher Nov. ligher Jan. liigher March higher Rapeseed Thiuider Bay: Oc lower 2.4614A; Nov. higher Dec. lower day higher Oats: Oct. ndhigher RS'.bA Oats: Oct. 1% higher ligher July highe 84B. Barley: Oct. higher 1.23B Dec. 14 higher 1.2214; May -1 higher 1.2614; July V4 highe 1.20 ?4B. Rye: Oct. higher 1.19 %A Dec. higher 1.221iA; Ma H4 higher 1.27; July Vt !owe 1.28 HA. Grain quotes Tuesday (bas High Low Close Flas Oct 320% 316 NOV 319% 317 31814 Dec 311 303 May 32114 316 3Wt Rapeseed Vancouver Sep 26331 261% Nov 2621i Jan 26314 262% Mar 261% 2551z Rapeseed Thunder Bay Oct 247 245 Nov 247 24514 Dec 2421', 244 May 251 i'i Oats Oct RO Dec 70 '4 makes offer for shares TORONTO (CP) Consumers' Gas Co. offered today to purchase at a share all the outstanding shares of Gygmis Corp. Ltd. of Calgary, an offer worth about ?20 million if all shareholders accept. Consumers' already holds about 65 per cent of the out-standing Cygnus shares. Cvgnus has a major holding in Home Oil Co. group 011 its way HONG KONG (Reuler) A 17-memher Chinese petroleum study group is on its way I Canada for a visit at the in vitation of the Canadian gov ernment, the Hsinhua new agency reported Wednesday The group is led by the vice-minister of fuel and chemica industries. Tang down operation VANCOUVER (CP) Tha Thrifty Value hardware division of Acklands Ltd. is being closed down, a spokesman for Acklands said here. He said the hardware dis-Irifaution o p e r atioa informed stores it supplies mostly in British Columbia of the closure Sept. 5 and the shutdown is expected to take about 60 days to complete. Industrial hardware will continue to he distributed through the Acklands industrial division, lie said. The closure results, the spokesman said, from a combination of fast-changing market conditions and high operating costs. Acklands bought J. H. Ash-down Hardware Co. Ltd., one of Western Canada's oldest firms, in 1368. LIFE ASSURANCE COMPANY OF CAN ADA jfflft For v confidential discussion call or wrile Dick Boleman, 1514 12 Ave. N. Lelhbrtdge, Ph.: futures WINNIPEG Live bee futures close Tuesday. Sep 34.00B; Nov 35.20B Jan 35.25A; May 34.50B Monday's volume: Four con UNIVERSITY OF AlBERTA v IX offers CERTIFICATE PROGRAMMES IN LETHBRIDGE y commencing October 2, 1972 i MANAGEMENT DEVEIOPMENT INSTITUTE Of CANADIAN BANKERS if REAL ESTATE if PUBLIC ADMINISTRATION FOR FURTHER INFORMATION: Professors R. R. Faryon and 0. 1. crt H Koncho Malar Hotel, Thursday, September 14, 1972, p.m. to p.m. and p.m. to p.m. Or write: Department of Ex ension University of ALberla Edmonton, OPENED MEXICO CITY (Reuler) -Barbados and Mexico established diplomatic relalions Monday and the two countries will soon exchange ambassa dors, the foreign ministry an nounced Calgary livestock CALGARY (CP) Receipts on the Calgary livestock market to 11 a.m. totalled head, mostly slaughter steen. and heifers. Trade was slow with close grading for excess finish. Slaughter steers were steady with sales to 34.30 but report inished kinds were under ex reme pressure and discountec to ?3. Heifers were a, fu 50 cents lower with over-finis cd kinds discounted up to Sows were in short supply se ing steady. Bulls were lower. Choice slaughter steers 32. lo 33.70, good 31 lo 32.25, rned um 30 to 31. Choice heifers 30 to 30.90 good 33.75 39.75, media 27.50 to COMPLETE BOOK PUBLISHING i CONTACT The Lethbridge Herald yQ0 8 a SS3 By Gene CLAIMED TO BETHEMQSr POWERFUL FOR ITS NEW HAND-HELD LK3HTHASARANSEOF 1Ji MILES, ITS QUARTZ-lODfNEELEMENTlS RATED AT100 in'i I-8S' vtlhrvm llto v (CP) Average prices to 11 a.m. provided by the Alberta hog producers marketing board: Edmonton: 35.55. to 24.75, canr.ers and cutle 19 to 23. Gocd bulls 27 to 29. Replacement cattle w e r scarce with most of Ihe offe ing slaughter steers 850 Oct 12238 12-Vi Dec 122 122 I2534 I251i 123Ti Jly AND LITHOGRAPHY DIVISION PHONE NOTICE From the LIQUOR LEGISLATION COMMITTEE PROVINCE OF ALBERTA PUBLIC HEARINGS 1 LETHBRIDGE 1 September 16, 1972, a.m. El Rancfio Motor Hotel 1 The Liquor Legislation Committee appointed by the Altorney General I of the Province of Alberta, will be conducting Public Hearings with I respect to suggested changes to existing liquor laws, regulations and 1 procedures. Interested parties and members of 1he general public are invited to allend the Hearings at Ihe times and place as foresaid. Ron Chiller, M.L.A. Committee Deer: 35.55. Average Tuesday Calgary: 35.60. Average Tuesday 35.20. Lethbridge: Nil. Average Tuesday 35.29. Lloydminster: Nil. Average Tuesday calves were offered. Good feeder steers mo than 750 pounds 32.50 to 35. Hogs base price 116'i 119 Ded 118H 121 May !2714 123% 125'.i Jly 124 or 328-4411 GULF OIL CANADA LTD. 'Gulf) nave tor LEASE Service Station and Coffee Shop No. 3 Highway at Pincher Station Reply giving full particulars and experience to GULF OIL CANADA LTD. 1104 Henderson lake Blvd., NEW COALDALE CHEESE FACTORY wishes to thank Both the producers and the consumer! for their support and loyalty over the years and asks this loyalty and support be extended to the THE CENTRAL ALBERTA DAIRY POOL in the future THE NEW COALDALE CHfESE FACTORY CO-OP LTD. Central Alberta Dairy ;