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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 27, 1972, Lethbridge, Alberta 24 THE IE1HBRIDCE HERALD Soplembor 27, 1972 prces up in early trading TORONTO (CP) Prices on the Toronto stock market posted moderate gains in light mid-morning trading. Tho industrial index, consid- ered a major indicator oE mar- ket frond, rose .48 to 209.02, golds .84 to 192.79, base metals .01 to 91.32 and western oils .63 to 252.15. Volume by 11 a.m. was 000 shares compared with 000 shares traded by the same time Tuesday. Beverage, food processing, pipeline and general manufac- turing stocks were among sec- tors contributing to the markets advance while bank, oil refin- ing, industrial mining and com- munication issues were fractionally. Declines outnumbered ad- vances 116 to 114 while 163 is- sues remained unchanged. Foodex was up 1 to A 1 to Reichhold sfc to Fairview to Huron Erie Mortgage to and Consumers Dis tributtng to Auto Electric was off lo Douglas Leasehold cents fo Block Brothers 10 cents to Canadian Tm perial Bank >s to and Consumer's Gas to Aunor increased 25 cents to Pamour 20 cents to and Dynasty 5 cents at dropped 6 cents to and Northgage 10 cents to Beef futures WINNIPEG bee futures close Tuesday. Nov 35.25A; Jan Mar Monday's volume: No con tracts. to Miscellaneous .quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, McCnnig Limited) LAST HID OK SALE a.m. Quotei) a.m. Quoies) a.m. WESTERN OILS Hugh Russell 4Z.2S Gr Eqollv 8.27 9.CB is.OO Invest Gr F Invesr Mutual Mutual Ac Gr I Nal Res NW Fin NW Gr Principal Gr Royfund Temp Gr Pan Ocean advanced 16V4, United Causo 30 cents to and Numac to hieEtain was oft 'A to ,1GHT TRADE MONTREAL (CP) Ad- anccs outnumbered declines in ght trading on the Montreal lock market today. Combined volume on the Font-real and Canadian stock xchanges at II a.m. was 00, compared with at he same time Tuesday, Industrials gained .44 to -27.98, tho composite .37 to 18.21 while utilities .33 to 57.18 while papers declined .70 o 92.36 and banks .02 to 264.29. On the Montreal Stock Ex- change, British Columbia Tele- >hone gained 4 to and Shell :anada to Vj while Union Carbide fell 34 to On the Canadian Slock Ex- change, Atlantic Tungsten gained three cents to 59 cents shares traded. MINOR GAIN NEW YORK (AP) Stock prices managed a minor gain Loday with help from (he com- merce department's statement that leading economic in- dicators advanced 2.2 per cent in advance since March. The noon Dow Jones average of SO industrial stocks was up 0.30 to 936.80. Advances led de- clines 600 to 449 on the New York Stock Exchange. Mclntyre Porcupine was off i at and Mean Va at i a mostly unchanged Cana- dian list at the NYSE. Dome Mines was up Vi at On the Amex, Scurry Rain- bow Oil was off Vi at Up Vs were Brascan, at and Canadian Marconi, at x.oo 33CO 8.35 1.70 5.SO 1J.75 13.7S Almlnex Alia East Gas Asamera Ashland BP Oil Gas Can Soulh CtJn Ex Gas Cdn Homesfd Cdn rnd Gas Oil Cdn Super Cdn Long 11 Charrer Gl Plains Gt Cdn Oil Lochtel Ncrfh Cdn Oil Pancdn Pete Pan Ocean Pelrcl Place Gas Ponder Ranger Scurry Rain Spooncj- Selbens Toial Ulster W. Decalfa Wesr Pcle MISCELLANEOUS INDUSTRIES Acres Brinco Cdn A Cdn Brew B Cdn Pacific Inv Ind Cygnus A Cygnus B Falcon Copper Genstar Home A Hnme B Hud Bay Co Hud Bay Oil Hud Bay Pfd Hugh Russell Husky Oil Husky Oil B Husky Oil War Inter Prov Pipe Inter Prov Steel Kaiser Res MGF Manage Pacific Pe1e Rainier 6 Sandwell Teledyne Spar Area West Cdn Seed White Yukon WestfieFd CALGARY Aero 1 1 Barons OH Norm Conl 1.39 West Warner 6.15 7.50 11.75 7.45 3.4S 9 60 10.25 DO 42.B7W I 5.60 12.25 13.09 2.55 2.50 44.50 6.00 3.75 .76 11.75 7.05 1.33 6.20 11.00 15.75 26.00 6.00 30.75 35.75 54.25 24.00 PIPE LINE STOCKS 4.00 Vanguard S.fWa VANCOUVER "-25 MINES 1-W Aden Alias Hxplof .69 Barh Norse .03 Brenda .01V? Churchill Copper .37 Croytfen 12.26 13.4C S.Bi 6.45 6.0) 6.61 1 4.76 7.3-i 5-36 5.89 5.65 6.21 5.39 7.21 3.01 8.75 5.43 602 8.22 9.03 9.23 1B.12 Davenport Dankoe Dolly Varden Dynasty EEquitorlal Forl Reliance Giant Mascot Graisle Lornex Lytton Minerals Primer Pyramid Silver Standard Toxmont Trolan Valley Copper MUTUAL FUNDS INDUSTR1A All Cdn Com BIccV Bros All Cdn Divid 9.21 10.07 B.C. Sugar All Cdn Vent J.-ss B.C. Sugar Pfd Amr Gr F Capl Inter AGF Special 3.12 Columbia Alia Gas A A1fa Gas Pref AHa Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Gar Melro Gar Alefro A Trans Cds Pfpa Trans Ctfa B Trans Cda A Trans Cda War WC Trans WC Trans Wls 15.75 13.75 11.87 "A 2S.50 4.PO 70.35 45.25 .10.71 8S.OO 13.75 27.50 8.50 Ford renovates Windsor plant WINDSOR, Ont. CCP) Ford Motor Co. of Canada Ltd. plans to modernize its casting plant here at a cost more than million. Ford President Roy F. Ben- nett told the Chamber .of Com- merce t oday the renovated plant will begin production next September and reach full pro- duction in early 1974. He said the renovations to the 17-year-old plant will involve use of a more advanced proc- ess produ cing higher-quality products and also will eliminate existing odor problems. A text of his speech was re- leased in advance of delivery. Canada having trouble with Canbra rapeseed By JEFF CARR.UTHERS Herald Ottawa Bureau OTTAWA Canbra, Can- ada's new low erucic acid-con- taining variety of rape seed, may be in just as much trouble in terms of possible long term health hazards as the higher erucic acid-containing varieties it is supposed to be replacing. And the federal government's massive, multi-million dollar program to switch over a large proportion of Canada's rapo seed crops to new low erucic acid varieties such as Canbra could turn out to be a very large "embarrassment.' Sources in government say that just-completed, long-term studies of the possible health effects ol oil made from Can- bra rape seed reveal that the new variety can produce heart lesions in laboratory animals. The scientific terms for tho damage to the heart are Irfibr- osis" and "necrosis." The studies were done by sci- entists in the research labora- tories of the federal health pro- tection branch. The results are currently being checked for their scientific and statistical validity. Interestingly enough, tho health' department studies were 8.75 3.10 21.75 15.25 3.50 3-25 Invest F 5.17 5.67 Crestbrook F Ind 3.00 Col Mulua! 6.EO 7.47 Hys 3.15 12.00 cmnw Inter 14. BO Indust .60 T5.37'A cmnw Lev 4.01 4.44 Pacific W Air 22.50 36.00 cmnw Vent 8.09 S.89 Stampede InH Res .75 Corp Invest 6.13 6.70 OILS 17.75 Corp In St F 5.63 Albany Oil .60 Dreyfus F U.S. Plains Pete .37 53 25 Gr In Shares 4.64 West Explor .09 Toronto mines, industrials Coal may soon replace gas as dominant energy source (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Ouoten 5.50 a.m. Quotes) MINES ft.m. Quotes) Advocate Asb. AKaikho Bralorna Droulan Bemiehem Cdn. N.W. Land Canada Tung. .33 1.45 -54 3.00 .29 17.75 3.60 4.45 1.62 Norlhgafa Norlcx Oslsko Pine Point Placer Dev. P.C. Exp. Rayrotk Radlore Rio Algom Rom 23.5Q Cassiar 15.62Vi Sherdft Gordon Workmen's Compensation. Board ALBERTA FIRST AID COURSE LETHBRIDGE SCANDINAVIAN HALL OCT. 10-11-12-16-17-18-19 COMPLETE COURSE 7 EVENINGS to p.m. No charge for workmen under the act For further Information Phone 328-2669 Chlmo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dkkenson Mines Mines D'Eldona Dome Mines Donaltfa Discovery Mtnes East Malartic East Sullivan Falcon bndge First Marlllme- Glnril Y.K, Headway R.L. Hollinger 1.00- Sleep Reck 6.39 Tek Texmont Upper Canada We? fern Mines ,.._ Wright Hargreaves 1.05 Wilfroy 1.15 7.35 2.40 29.00 .41 .35 ..50 7.30 2.10 3.35 6.00 J0.7S Yellowknlfe Bear 3.85 Zen mac INDUSTRIALS Dofasco Cable Ford of Am Grr Cdn Oil Gen Motors Grt Lakei Ppr Gulf Oil Cda Greyhountf Hawker Sid (.59 Hur Erie :.oo Hiram .04 Imp Oil Imssca 5.00 Jnh Nickel .39Vi Int Pipe 2.S5 Inv Grp A 3-10 Int Wil Ind Accept Kaps Abltibl Afcan Algom a Sleel Atco Ind All antic Sugar Agra End Bell Tel Brazil Trac B.C. Tel rentide Kelly Doug A Loeb Hudson. Day M-S Bo1" Val Ind Hydra Ex, .19 CAE Ind Iron Bay 3.60 Cdn Brew tso 1.55 Chemcefl Jollct .13 col Cell Kerr Aridlson 10.00 Calgary Row Labrador Lake Shore Lsngls Silver A'adsen Malartic G.F. Martin McNeely Maclntyra MldrJm Intern Mogul Nu Wesf HomtS New Alhofia New W. Horse Copper Noranda Loblaw A Wet Stores Ferg McMillan Bios Moore Corp 11.75 Malsons A Molions B North 8. Cent Power Corp 16.75 Rolhmans 10.75 SI. Corp 32.00 Shell CDA Simpson's 8.87'A Simp Sears stEEl of Cda 3.50 Selkirk A .65 Texaco Trans Mtn Pp 1.65 Trans Cda Pp C.W.N. Gas Pfd 11.00 Union Gas B.C. Forest B.C. Sugar Cdn I Cdn Marconi Cdn Vlcktrs 49.50 .11 Cons Bath ,I4Vi Cons Gas 10.50 Dist Seagram Dom Bridga .13 Domlar .32 Oom Tenlila ?.4S Dom Slores 40.00 Dom Pete Union Oil 5.00 Versatile Mfg 10.75 Westcel 29.00 Union Car IS.lJVi Weston's B Woodward's A 14.37'A west Cdn Seed; ZeniJh Elec 3S.C-0 BANKS Cdn Imp 16.CO Montreal Uova Scotia Royal 4137V3 Tor-Dom 19.12Y3 63.00 74.00 20.S2V2 3S.12V2 20.75 3. BO S3. SO 23.37'A 9.6Vfy 42.00 21.00 13.00 3.70 16.50 24.50 -17.25 18.3? 28.00 17.00 12.75 21.00 20.00 51.37% 27.75 2100 35.00 25.75 53.50 22.25 46.25 13.H1A 45.50 17.62'A 21.12W 28.00 3.10 27.50 19.75 37. SO 34.SO New Yorfc stocks (Supplied By Richardson Sccnriiies ot Canada) Amr T and Beth Steel Chrysler r.or .at 17.75 Sears JO Gdds up .11 XS.87'A SJd Oil of N.J. 10 Base 91.08 of? 28.00 Texas Gulf 1K.371A IS VI Oils Ki.1t up 2.74 29.7S Texas Co 35.37V4 Volume 99J.OOO 59.12'A Wickes Coif NEW YORK AVERAGES 1M.50 37.11IA 30 Iryjiret 3W.03 up Elcc 39.25 20 Rails 216.30 up .15 23-J5 U.S. Steel_ 15 UtIIIIKS 110.11 up .58 DuponF 6M Guir Int Harvester Copper ____ --__.--- .____ Mcnlgomery Ward 20 IrxJust 209.03 up .4? Volume CALGARY (CP) As a growing demand pushes up the price oC natural gas, coal will replace it as the dominant source of energy in Alberta, a public hearing into provincial energy needs was told Tues- day. Leo Schoficld, manager of energy economics for Shell Canada Ltd., said coal provided 11 per cent of the energy in 1870 but this is expected to in- crease to 53 per cent by 2000. Most of the coal, lie toM the Alberta Energy Resources Con- servation Board, will be used to generate electricity. The use of coal for electricity generation would increase at an average annual rate of 11.4 per cent, he predicted, whib natural gas usage increased t one per cent a year and pe- troleum at 5.2 per cent. HELP ALBERTA Such a trend would be bene- ficial to Alberta because higher proportion of petroleum production would be available for export, thus "maximizing economic return to the prov- ince." Electric i t y presently contri- butes 7.7 per cent of Alberta's end-use energy, oil 40.5 per cent, gas 50.5 per cent and coal one per cent. At hte end of 30 years, which is the needs period the board is considering, the end-use form would be 29 per cent electric- ity, 20 per cent petroleum and 41 per cent natural gas. A brief from Gulf Oil Can- ada Ltd. said coal consumption would increase to 20 million tons by 2001 with most of it used in thermal electric plants. The company said the amount of natural gas used would likely increase until the mid-SOs then level off because of price increases. An indication of anticipated gas price increases is the "very substantial increase" in exploration in the eastern part of the province. But development of reserves In the Arctic would have an ef-. feet on the price of Alberta gas, said Gordon A. Connell, co-orduiator of eccmomics for Gulf in Alberta. Grain price review Winnipeg Groin WINNIPEG (CP) Oilseeds continued on a strong pr ice pattern at midsession of the Winnipeg Grain Exchange to- day. Rapeseed was as much as four cents higher on a strong I exporter buying interest for November shipment. Flax was about two cents higher on com- mission house trade. Oats and barley had a usual domestic shipper trade and rye was steady. Volume ot trade Tuesday In- Livestock Calgary livestock CALGARY (CP) _ Receipt to 11 a.m. today on the Calgary livestock market were head, mainly slaughter cattle. Trado was moderately active. Slaughter steers sold fully steady, sales to 34. Over-finish- ed steers discounted up to S3. Heifers and bulls sold steady. Cows steady, sales to 26.80. Choice steers 32.25 to 33.80, good 31 to 32.2S, medium 30 to 31. Choice heifers 31 to 31.90, good 29.50 to 30.75, medium 24 to 29.25. Good cows 25.50 to 28.50, medium 23.50 to 25.25, canners and cutters 19 to Good bulls 27 to 30. There were insufficient re- placement cattle or stock calves sold early to establish a market. Ken Hurlburt Q THE MAN FOR ALL REASONS r Hogs 37.50. average base price CAMPAIGN OFFICES LETHRBRIDGE COR. 7tti AVENUE SOUTH AND MAYOR MAGRATH DRIVE PHONE 328-9246 32B-9247 328-9248 LETHBRIDGE CAMPAIGN CHAIRMAN BOB BABKI RURAL 1ETHBRIDGE CAMPAIGN CHAIRMAN DON MILLER FORT MACLEOD KITTY CORNER FROM THE A.G.T. BUILDING PHONE 234-3408 CAMPAIGN CHAIRMAN FLORIS LEMIRE CARDSTON IN THE REX CAFE BUILDING PHONE 653-3584 CAMPAIGN CHAIRMEN LAVAUN THOMPSON AND PHYLLIS JANI5KO PINCHER CREEK TO BE OPEN SOON CAMPAIGN CHAIRMAN ERNIE KETTIES Macleod Livestock FORT MACLEOD There Were cattle and calves sold last week at the Fort Mac- leod Auction Market. Slaughter classes remained steady with the previous week. Stackers and feeders showed an improved demand with calves remaining steady. Low choice to choice steers 32.30 to 33.00; good and overfat 31.00 to 32.00; choice heifers 30.00 to 31.10; good heifers 28.75 to 29.50. Good cows 25.00 to 26.00; me- dium cows 23.00 to 24.50; can- ners and cutters 18.50 to 21.00; good hulls 26.50 to 28.70; me- ium bulls 23.75 to 26.00. Good short keep steers grain) 32.50 to 34.00; good two- 'ear grass steers to 00 pounds) 34.40 to 36.20; good carting steers (650 to 800 42.00 to 44.60; medium 650 to 800 pounds) 3D.50 to 1.50; good (850 to xmnds) 37.00 to 39.40. Good feeder heifers (550 to 50 pounds) 35.00 to 36.75; good steer calves (360 to 425 pounds) 47.00 to 49.25; light weights 51.00; good heifer calves (325 to 400 pounds) 39.75 to 42.00. eluded bushels of flax, of rye and of rapeseed. Mid-session prices Flax: Oct. 2 higher 3.42, Nov. higher 3.3614, Dec. z higher May 2Vi higher 3.36V4. Hapcseed Vancouver: Sept. 3V's higher Nov. 3% high- er Jan. 3% higher March 4 higher 2.83V4. Rapeseed Thunder Bay: Oct. higher Nov. 1% high- r Dec. unchanged May unchanged 2.69W. Oats: Oct. lower Dec. Vt lower May lower July unchanged 87. Barley: Oct. Va higher 1.30V4, Dec. 1% higher 1.30V5, May 14 higher 1.3214, July not open. Hye: Oct. unchanged 1.2H1, Dec. lower 1.24, May Vt high- er July not open. Grain quotes Tuesday (basis High Low Close Flax Oct 345% Nov 33714 335V4 Dec 330 325% May 339 Hapescerl Vancouver Sep 256% 285 Vi Nov 295 28314 Jan 29314 282 Mar 290% 27914 started several years ago, Jusl after it was discovered that regular varieties of rape seed, when fed to rats in oil form, could produce lesions and fat deposits in the heart of the ani- mals. At that lime, the government decided the evidence of damago in rals was sufficient that it would be "prudent" to switch all of Canada's "Cinderella" rape seed crop to the new low erucic acid varieties such as Canbra. Since then, the government has adopted a less-ambitious switch-over plan. With the regular rape seed varieties, it was suspected fh'at long-chain fatty acids, more specifically crude acid, were the culprits. The most recent results cloud the combination scientific-politi- cal-economical controversy con- siderably. One health department scien- tist suggested that some ex- perts have suggested the ef- fects may be a function of proc- essing, which changes the rnake-up of the oils. Rapeseed oils are used In such products as margarines, salad dressings and cooking oils. The latest twist to the rape seed controversy came as a re- sult of a symposium organized by the American Oil Chemists' Society here in Ottawa this week. Yet any inkling that Canbra oil might cause problems when fed to rats was seemingly ex- cluded from the symposium it- self. One paper by a French scientist that was supposed to Kapeseftd Thunder Bay Oct 270 20! Nov 270 261 26: Dec May 274 269'A Oats Oct BSVi 8? ft Dec 86% May 87 Va Jly _ Barley Oct ISQtf 129% Dec 129% May 131% Jly Kye Oct 123% '21 Dec 126 Vi 123% May aso 340 334 325V5 334 28514 2fl314 282 279 'A 202V4 261 26114 26914 86% 8714 87 130 129% 132 132'A 121% 124% 13014 130 deal with long-term effects of Canbra was sup- posedly as a result of a lack ol funds to bring the French sci- entist to Canada. And the chairman of a ses- sion dealing with erucic acid, who was a leading federal gov- ernment scientist in this area, refused lo answer any direct questions about the govern- ment's latest research from sci- entist.'! or reporters. As one disappointed scientist from California remarked, "I thought we were going to hear about the long-term effects of Canbra." The scientist himself pre- sented a lengthy paper on tha effects on rats of rape seed oil, and a relative called crambo oil, compared to soy bean oil. Rals fed the rape seed oil or erambe oil were smaller in sizo and developed fibrous tissue in their hearts. Many of then: or- gans were enlarged. Rats fed erambe oil had atrophy of lha teslicles or uterine pigmenla- tion as well. Crambe oil, developed in the United States, is not now used for human food purposes, nor will it ever likely be, based on the experimental results. The rape seed oil used in the U.S. experiments, it should be noted, contained more than 50 per cent erucic acid. Regular Canadian rape seed contains about 30 per cent, new low varieties such as Canbra about five per cent or less. Some scientists and others associated with the oil confer- ence said they believed the can- cellation of the French paper on Canbra oil was for "politi- cal" reasons. Conference or- ganizers denied this. One government food expert said that if it should turn out that "Canbra was no bellcr than the normal rape seed vari- eties, then it would come as an embarrassment to tho govern- ment" which ordered tho switch over to Canbra here in Canada. By Gene Fawcelta CAR CAMOfiiS NOW TURN WUR HATCHBACK AUTO WITH A FITS. TiaHTLYCVER THE RAISED TRUNK UP. COVEflEP SCREENED WINDOW'S MO A ZIPPERED BACK FLAP KEEPS ITSNUG AND INSERTED BY THE KEN HURLBURT CAMPAIGN COMMITTEE THE NORTHWEST LIFE ASSURANCE COMPANY OFCANADA For a confidential discuision call or write ______ DJelf Salomon, 1514 12 Ave, N. Lethbridtje, Hi.: SUPERINTENDENT OF UTILITIES Major chemical plant requires Superintendent of Ullli- tics and Inspection. Challenging position with sibility for all utilities and mclals inspection, including operation of utilises plant; sulphuric acid plant; exten- sive water treatment and ultra-sonic metals inspection service. The successful applicant must have a valid Alberta First Class Steam Engineer's Certificate and several years experience. Salary commensurate with qualifications and experience. Send resume ten PERSONNEL MANAGER, NORTHWEST NITRO-CHEMICALS LTD. BOX 310, MEDICINE HAT, ALBERTA T1A 7G1 ;