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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 19, 1972, Lethbridge, Alberta UTHMIDOI KMA1D Iff i uro'pfl 1 1 8d PSCSCH quotations Calgary, Montreal (Supplied by Doherty, McCuilg Limited) LAST BIO OH SALE t.m. ainnil (11. 'M Market slightly I TORONTO (CP) Prices on the Toronto stock market rose riighlly higher in light mid-moraing trading today. The industrial index, considered a major indicator of market trend, was up .28 to 210.02, golds 2.72 to 190.97, base metals .03 to 92.89 and western oils 1.23 to 249.91. Volume by 11 a.m. was shares compared with the -shares traded by the same time Monday. Sectors of the market contributing lo the uphill swing were bank, beverage, oil refining and steel slocks while chemical, merchandising, real estate and construction and material issues drilled lower. Declines held a slight lead over advances, 106 lo while 199 issues remained unchanged. IMPERIAL OIL UP Bow Valley was up IVi to Imperial Oil to Vt, Indal Canada to Hamilton Group to and Pacific Pete to MICC Investments fell to Consumers Distributing to S32H, Budd Automotive Vt to S14V4, Sklar Vi to and Paulin Vi to Northgatc climbed 20 cents lo Camflo 20 cents to and Giant Mascot live cents to Bethlehem dropped Vt to and Chemalloy four cents to ?2.51. Numac advanced ?i to Eunningdolc 15 cents to and Canadian Northwest 15 cents to United Canso slipped 35 cents to and Place Oil and Gas three cenls to 86 liigher t Combined volume on tho P Montreal and Canadian stock s exchanges at 11 a.m. was a 1DO shares, compared with at the same time Monday. C On index, industrials rose 1.48 o 227.31, the composite .98 to c 218.27 and utilities .12 to 158.22. s Banks dropped .89 to 2C7.49 and papers .13 lo 92.66. t On the Montreal Stock Ex- change, Premier Cablevision -lost 2% to RAPID Data Hi lo S11V4 and British Columbia Telephone 14 to S56V4. Imperial Oil gained Hi to NEW YORK (AP) Stock market prices moved somewhat' liigher today in moderate trading in what analysis described as basically a technical move. The Dow Jones average of 30 Industrials at noon was up 2.49 at 947.85. In the news background, the Federal Reserve Board reported U.S. industrial production last month showed its sharpest rise since April. "But this only confirms the judgment the market has already made concerning the improving said Monte Gordon, general partner ot Sar-torius and Co. The New York Stock Exchange index oE over common stocks at noon was up .12 at 53.75. The price-change index on the American Stock Exchange was up ,03 at Dome Mines rose Hi to Alcan and Massey were up Vi at and respectively. Mcfntyre Porcupine was down Vt at International Nickel was off Vt at On the American exchange, Canadian Javelin was off Vi at Up JA were Scurry Rainbow Oil, at and Brascaa, at trouble CHICOOTIMI, Que, (CP) -L Canadian Newspaper Assocl-llon workshop report said Fri-ay daily newspapers would be hreatened if cablevision com-anies or community television talions had the right to carry dvertisements. Such a ruling by the federal Canadian Radio Television Commission could cause many ailies to disappear, the report aid. The share cf advertising left lie dailies would not be suf-icient lo assure publication oi i satisfactory paper. The association's annual contention is being held in Ihis ;ily, 15 miles north of Quebec :ity. The report said newspaper Dwners have no guarantee at he momont tliat the CRTC will ot implement such a ruling. In fact, the report said, an ntario station, which the RTC refused to name, has teen given permission lo carry dvertisemenls on an experimental basis. OILS Hugh Russell 41.09 InVH Gwtti Fd 12.M 13.11 Husky Oil 13.75 Invn Mutual II EBll 7.1S Husky Oil B 4J.12V4 Mulual Accum 402 1.62 U.1S Husky oil 6.00 Ha Grwth Fd 4M 5.3J Mind 11.75 Inler Prov 11.00 Res 7.M p OIICll Inler Sleel 11.I1U N.W. Flwnct S.M S.fl an Soulti 7.05 KulMr Res J.U N.W. OrowTti tli a Ss? SLT 11 SJr" Tl HI lii'oi iteltin 11.75 Whin YuVan 1 F2rl Re'llnci '.35 JI'M S'M SibHM ll'wvi or.l Pel. 7.15 Trtns pyramid .33 Isttr l.ffl "a B 41.00 SM m 1. Details Tcxmonl tol Pelf 10.H J: T! "a war .33 WC V; dUllllne !i.W, F INDUSTRIAL 'Inc5 All Cdn Div lo'.ll Block Bros dn Brow A 30.75 cdrl Ven Gulf Oil Cda 3J.75 Canada Tung. 1.42 Roman Corp. 7.30 Greyhound 21.15 Casslar SherrHI Gordon 15.1 Sid 3.70 Central Pat. 1.5S Silver Miller Hur B The t new president of an ES nation conservation organization urgeople to devote their entire ime lo Ihe application of this knowledge." He said members of the UCN we must seek the point of view that any exaggeration will only weaken our case. we believe that nature conservation is all important. But we do realize that It is part of the much larger and very complex problem. "Integration oE all aspects o( he environment will need a lot of thinking and the process requires a wider scope than pure conservation a s p e c Is alone. Economics, town and country planning, population control, food production, sociological considerations and above all, education nre necessary aspects of this Integrated approach." During the llth general assembly, delegates passed 23 resolutions. They included resolutions to establish marine parks and resources, protection of a large number of species, conservation of the cheetah, and environmental education for training of professionals. Delegates recommended the United Nations should institute measures to bring marina resources in int e r n alional waters under "wholly International control." The resolution also urged all nations to regulate and modify fisliing operations lo avoid unnecessary destruction of porpoises and other Email sea mammals. Delegates recommended governments should introduce effective legislation to protect threatened species of wildlife, snd to control all trade in threatened species and their products. insurance MONTREAL (CP) Provin-ial government insurance supervisors are studying possible ulcs that would apply to low-ate, mass-merchandised indi-idual liEe insurance__policies. A resolution submitted Moil-ay to the annual meeting of tie Association of Superinten-.ents of Insurance of the Prov-nces recommends that premiums on such policies be fixed and that maximum rates be specified. Leo J. Bcaudry, Saskatchewan representative, said life insurance sold by mass merchandising techniques such as mailed advertising are relatively new and not covered >y any rules, regulations or legislation. Mr. Beaudry, chairman of he association's committee on ife insurance legislation, said he committee also wiil study a recommendation that mass merchandise policies should be ndividual contracts with each insured person. Another recommendation la hat contracts not be cancelied the insurance company except for non-payment of premium. PERMITS LOW RATES Mr. Beaudry said mass merchandising of individual life policies permits low rates anc benefits similar to group Insurance plans. However, group plans did not provide individua agreements with each insured person. Under group life policies, only one policy is signed by E company or institutions on behalf of a group ot people covered by the rates The superintendents are pro-incial government officials to set rules and recommend legislation to the prov-nces. The four-day conference also will study provincial legislation overning automobile, accident nd sickness and general recommended the associ-ion put pressure on the CRTC ever to allow such advertising ghls. However, the report also rec-mmendcd that association members take an active role in ic development of cablevision ompanies and community tele ision prices Winnipeg Grain WINNIPEG (CP) Hape-seed and rye were weaker at mid-session on the Winnipeg Grain Exchange today. Rye had a fairly active trad-ng with prices nearly two cents iclmv previous close levels. Hapcseed futures were about one cent lower on good exporter interest and general selling. Domestic shippers were ac-ive buyers in barley, where prices were one cent higher, and oats, where prices hat] moved fractionally In both directions. Flax was fractionally higher on light trade. Monday's volume of trade was bushels of flax, 1 of rye and o rapeseed. Mid-session prices: Flax: Oct. unchanged 3.19 WA; Nov. Vi higher 3.17 Vz Dec. Vt higher 3. 11. 34A; May Vz higher 3.20 Vi A. Vancouver Rapeseed: Sep. lower 2.70 KB; Nov. Vt lower 2.68 Jan. 1 lower 2.67 March 1 Vi lower 2.66 ViB. Thunder Bay rapeseed: Oct 1 V4 lower 2.50 ?SB; Nov. 1 Vz lower 2.52 MB; Dec. unclianged 2.48; May 1 lower 2.57 Oals: Oct. V, lower 86 %A Dec. higher 85 %B; Hay V Higher 86 WJ; July Vi lower 86 %A. Barley: Oct. 1 Vi higher 1.29 'AS; Dec. 1 higher 1.28 Vt May Vi higher 1.31 IIB; July not open. Rye: Oct. 1 ?4 lower 1.19 It A Dec. 1 Vi lower 1.22; May 1 3 lower 1.28 V6A; July not open Grain quotes Monday (basis High Low Close War Oct 320Vl 319 Nov 319 316% 317 Dec 313 311V4 311% May 321% 320 320 Kapeseed Vancouver Sep 274 271% 271% NOV 272 270 Jan 271 26B Mar 269 268 Hapeseed Thunder Bay Oct 254 251T4 Nov 253% Dec 24814 248 May 259 25714 25811 Oats Ocl Mli 86% Dec 8511 841'i KVi May SOU 8514 86% Jly SG% Barley Oct 128S 1251i 128 Dec yaVi 124% May Mill 128% 130% Jly 332 132 Hye Oct 123 120% 12074 Dec 122'A 12314 May 131% 12914 129% Jly cabinet to travel EDMONTON (CP) The rovincial cabinet will hold a egular meeting in Grande Prai rie Oct. J7. An announcement from the rcmier's office said cabinet members will visit several com munilies in tho Peace River area' In conjunction with Ihe isit. The cabinet will travel 1 our groups, starting Oct, 16 Jrcmier Peter Lougheed wil ravel MONTREAL (CP) Advances were slightly ahead of declines in light leading on the Montreal stock market Window deai 15 storeys ab TORONTO (CP) Ron McNeil sat secure in his armchair Monday night and vowed he'd turn in his squeegee mop If his bosun's chair Isn't replaced. The 25-year-old window cleaner dangled 15 storeys above a busy Toronto street for 10 minutes Monday, while a young lawyer clung to a rope to keep him from plunging to the ground. Mr. McNeil blames (t all on the bosun's chair. He said in an Interview he was lowering the chair to the 15th floor of a 22-storey office tower and overshot his mark. Mr. McNeil said he Iricd to pul] himsell hack up, but couldn't. Then he .traded the attention of lawyer Gordon dangles ove street by kicking Mr. Graham's window. The lawyer attempted unsuccessfully to break the window with his hands and haul McNeil In. Then the window cleaner managed to shatler the glass with his brass-backed squeegee. Mr. Graham reached through the pieces of glass and clutched the rope until firemen could unscrew the window and haul in the window cleaner. He later was treated for minor cuts to his wrist. McNeil said he won't go back to work on a bosun's a term and device borrowed from the nautical trade. It's a wood and canvas seat into which a person is strapped. The seat is manipulated up and down by elects new officers OTTAWA (CP) A. John Ellis, 57-year-old execuliv ice-president of the Bank o Montreal, Vancouver, toda vas elected president of the Ca nadian Chamber of Commerce fe succeeds Neil German, Calgary lawyer. Olhcr officers include: J. E Clng, Toronto, and Raymont javoic, Montreal, vice-pres: denls; 0, R. TTopea, Montreal hairman of the executive council; David Braide and Ber nard Panel-Raymond, Mon real, and Sam Hughes, To-onto, vice-chairmen of th find IISALA, Sicily (AP) An undersea exploration team directed by a British woman archaeologist has found the well preserved hulk Df a lead-plated, prefab ricatcd Carthaginiai warship, It was believed to have been sunk just oft western Sicily in the battle of tlw Egadi Islands in 242 BC at the end of the first Punic War when Home broke Carthage's hold on Sicily. It was the construction of the 90-foot ship which interested Honor Frost, fellow of the Brit ish Society of Antiquities, who directed work on the hull this summer. Miss Frost said the ship was made with guiding signs marked by tbe carpenters on each piece of wood to show how it fit with the others. The out side oE the ship was coverec with thin plates of lead, at tachcd with copper bolts. Th hull was held together by Iron and bronze nails. The ship was found in the sil under only eight feet of Calgary livestock CALGARY (CP) Receipts o 11 a.m. today on the Calgar ivestock market totalled lead, mainly slaughter steers and heifers. Trade was active Slaughter steers sold fully steady lo strong with som sales 50 to 75 higher. Calves to 34.30. Heifers sold 25 lo 50 high er, cows were 50 higher. Bulls steady (o 50 lu'ghcr. Choice steers 32.50 to 33.70 ;ood 31.25 lo 32.55, medium 3 o 31. Choice, htifers 30.50 to 31.80, good 29 to 30.25, medium 28 to 29. Good cows 25.50 index increases OTTAWA (CP) The general wholesale price index, based on 1935-39 prices equalling 100, rose to 310.3 in August from 308.2 in July, Slatlstlcs Canada reported here. The index stood at in August last year. In percentage terms, tha Increases were seven-tenths of one per cent for August and 6.8 per cent for the 12-month period. The index is a general measure of price movements at all levels of trade, except retail. Changes in the wholesale index are not always matched by equivalent changes la retail prices. WANTED BY LEADING G.M. DEALERSHIP AUTOMOTIVE MECHANIC A Journeyman General Dirty Mechanic Ts required for a flat rate shop with a 35 hour per week guarantee. Salary: per hour and full range of company benefits. Mechanics with G.M. product experience will be given preference. oil application! lo: MR. GORDON ANDERSON, Service Manager STAMPEDE PONTIAC BUICK LTD. 1449- 17lh Avenue S.W., Alberla Phono: (CP) Average prices to 11 a.m. provided .lie Alberta hog producers mar-rating board: Edmonton: 36.75. Average Monday 36.52. Red Deer: 36.15. Average Monday 36.28. Calgary: 36.30. Average Monday 36.52. Lethbrldge: N i 1. Average Monday 36.77. LloydminMcr: Nil. Average Monday 36.40. Grande Prairie: Nil. Average Monday 36.19. Fort Macleod: Nil. Average Monday 36.25. Tolal hogs solj 612. Total hogs sold Monday Average 36.47. Sows average 26.10. There were no caUlc sales Monday due to the weekly sale of wcaner and feeder hogs. Sales 875 hogs. All classes of woaner and feeder hogs met good demand. Wcaners sold SI or more liigher. Light feeders under 100 Ibs. sold SI or more lower. Heavy feeders over 130 Ibs. sold 41 or more higher. Weaners to 24.25 per tad; light feeders under 100 Ibs. 19.50 lo 27.50 per head; heavy feeders over 130 Ibs. 32 to 45.25 per head. I-ight feeders under 100 Ibs. sold from 30 lo 38.25 per hundred weight; heavy feeders over 130 Ibs. sold from 20.50 to 26.50 per hundred weight. Bred sows artd gilts sold from 67 to 91 per head. Boars 40 to 95 per head. Butcher hogs sold Monday at the Lelhbridge yards 36.70 base price. One lot of hogs sold at 28.85 futures WINNIPEG (CP) Liv teef futures Monday. Sept. 33.50; Nov volume: Four con value MONTREAL (CP) U.S dollar in terms of Canadian funds up 1-lfi at 7-32 Pound sterling down 'A at Gene and cutlers 19 lo 23. Gooc bulls 27 to 30. Replacement c a 1 1 1 o were in short supply and all steers weighing 750 pound up, selling at steady prices. N stock calves were offered. Good feeder steers 750 pounds up 33 to 37.50. Hogs average price CORRECTION following items appeared on the front page of Flyer today without any prices. THEY SHOULD HAVE HERE'S A PUSHBUTTON ELECTRONIC dollar down 1-32 at 27-32 in terms of U.S. funds Pound sterling down 11-64 a ?2.M R ES K 3 ERENT LOCATIONS. PROBE9UPTD 1000 FEET AWAY GIVE READINGS ON THE DIAL FROM 20'BEUWZEROTO for SALE COMPLETE MEN'S WEAR STORE FIXTURES Custom Made Include! SHOW CASES, DISPLAY STANDS, RACKS CASH REGISTER NO STOCK TO BUY IEASE AVAILABLE ot rent If desired Apply -309 5th St. S, Need Over 50 PERMANENT MEN REQUIRED IMMEDIATELY By Canada'] eader In Mobile Induitry YEAR ROUND EMPLOYMENT A; General Production Workers. On -Ihe -job training programs provided. Good opportunity for wage advancement. Contact: Mr. C. B. Thomas, Personnel Manager SAFEWAY SHELTER SYSTEMS LTD. INDUSTRIAL AIRPORT, ClARESHOLM, Whistling kettle Large 64 oz. with push bullon whistling cap. Cool bokelile handle. protector Durable vinyl. Cross-ribbed, anti-sfip. 27" wide. Clear only. Lin. fl. US TO HELP OTHERS! The Salvation Army Welfare Services Need! Clothing, Furniture, Toys, Household Effects CALL 328-2B6O FOR PICKUP SERVICE OR LEAVE AT 412 lit AVE. ;