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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 29, 1972, Lethbridge, Alberta Market prices up in light trading TORONTO (CP) Prices on the Toronto stock market edged higher in light trading today. mid-morning The industrial index, consid- ered a major indicator of mar- ket trend, rose .40 to 210.92 and oils 1.96 to 259.69. Golds, however, were off .42 to 192.90 and base metals .12 to 90.81. Volume by 11 a.m. was 000 shares compared with Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCunig Limited) LAST IJID OK SALE Quotes) Qualtsl Gr In Shares 4.23 4.65 Gr Eqully fl-31 '-13 15 Wa Invesl Gr F 12.36 13-52 4300 "nvest MulUSi 5.93 6.49 Mutual Ac Mulual Gr F Mat Res H Fin M W Gr Principal Gr Grain prices WINNIPEG (CP) Rape- seed prices worked fractionally lower in a moderate volume oi exporter buying at mid-session on the Winnipeg Grain Ex- change today. Flax prices, gathering strength from nearby short- covering, posted good advances while oats and barley were re- latively unchanged in a moder- ate domestic shipper trade. Rye prices moved fractional- ly higher on mainly a commis- sion house business. Volume of trade Thursday was bushels of llax, of rapeseed and H4.000 of rye. MID-SESSION PRICES Flax: Oct. 3T4 !i i g h e r Nov. 1% higher 3.36ViB, Dec. 1% higher 3.92A, May higher 3.37V4A. Rapeseed Vancouver: Sept. unchanged 2.94A, Nov. 2 lovrer 2.09B, Jan. lower Z.BSliB, March 1 lower 2.83KB. Rapeseed Thunder Bay: Oct. 11s lower 2.63A, Nov. lower Dec. Hi lower 2.CH4A, May lower 2.70A. Oats: Oct. unchanged 86A, Dec. unchanged 86A, May VB )00 shares traded by the some lime Thursday, Beverage, food processing, steel and industrial mining slocks were among sectors of the market contributing to the advance while bank, general manufacturing, paper and for- est and trust and loan issues declined slightly. Adv ances outnumb ered dc- clines 120 to G7 while 177 issues remained unchanged. FALCONBRIDGE UP Wiley Oilfield increa sed 134 to Falconbridge Nickel 34 to Bow Valley to Woodward Store A M- to and Pacific Pete Vt to Alliance Building slipped Vz to Paulin ft to ?5, Turbo Resources 5 cents to In- terprovincial Pipeline to and Bell Canada to Lost River gained 25 cents to Bankeno 15 cents to and Hudson Bay Mining and Smelting Vs to Placer de- creased ft to and Made- line 10 cents to WESTERN OILS Almlnex t East Gai A; am era Aihland BP Gas Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Super Cdn ton? Is Charter Chleftan Dome Gt Pfains Gt Cdn Oil Lochlfil North Cdn Oil Niunae Pancdn Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Selbeni Total Pete Ulster W. Details Wesf Pele j EO Pan Ocean Numac was up to to and MISCELLANEOUS INDUSTRIES Acres Aquilelne Brlnco Cdn Drew A Cdn Brew B Cdn Pacific Inv 1nd Cygnus A Cygnus B Talcon Copper Genslar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd 53.75 Hugh Rimell Husky Oil Husky Oil B Husky Oil 6-Ci Idler Prov Pipe Inter Prov Steel 3.70 Kaiser Rw 9.55 MGF Pacific Pele 49.X Rainier Sandwcll Tetedyne Spar Area West Cdn Seed Whlfe Yukon CALGARY Acroll Barom ON North Cont West Warner PIPE LINE STOCKS Alia Gas A 16.00 Alta Gas Pret AHa Hat Inland Nat Gas N and C Gas N and C B Pfd Paciffc Trans Gaz Melro Gaz Melro A Trans Cda Trans Cda B Trans Cda A TVans Cda War WC Trans WC Trans WIs .31 4.00 13.00 42.50 33.J5 9.00 14 00 17.00 139 .Si 2150 14.50 .75 11.75 7.15 1.32 6.20 11.00 4.B3 7.43 fl.12 S-3S 5.91 5.76 4.96 5.45 KKp-Or K? Unlled Ac 5.54 Universal 5av B.22 9.04 Vanguard TO.OT VANCOUVER MIKES Alton Alias Explor Balh Norse Brenda -OHa Churchill Copper -3S croyden Davenport 12.7S .71 9.60 Dolly Vardon Dynasty Equirortal Ftxt Reliance GlonI Mascot 4.80 70.00 46.50 .42 .63 ,34 8.50 .17 5.60 7.40 a. 75 i.eo .10 .33 1.00 B.B5 Lornex Lyltort MInorals Primer 845Q Silver standard 14.00 Tcxmant 2S M Trojan "065 Valfey Copper MUTUAL FUND, Block Cdn Com 8.49 7.1B B.C. Suflar tt.00 9.29 10.15 B.C. Sugar Pfd 15.75 4.H 4.52 Cap! mler 3-63 7.03 Columbia Brew 3.10 3.31 Creitbrook F Ind 3.10 5.31 Hys 3.15 6.89 7.5) Key Indust -57 14.75 16.21 Pacific W Air 23.CO 4.03 4.43 Stampede 1otl Rei .75 8.12 8.92 OILS 6.IB Albany Oil .El 5.74 Plains Petr __________________________. Friday, Stpttmbtr 29, 1972 THE LETHBRIDGE HERALD 21 Easy credit conditions aid economic expansion 26. SO 6.00 AH Cdn DlVid AII rrin VeaT 34.S2V, Gr F 2J.W AGF spedui 8.TO cdn In Fund Col Mutual 11.75 Cmnw Inler 15.00 Cmnw Lev 36.25 Cmnw Vent 3125 Corp Inveit Corp 45.S5 Dreyfus F U.S, 12.80 14.03 West Explor .03 Toronto mines, industrials (Supplied By Richardson Securities ol Canada) LAST BID OR SALE WINS BVELECTION-Ub- eral candidate Allan Guy won the provincial byelection in the northern Saskatchewan riding of Athabasca. higher July higher lower Barley: Oct. 1.29V4A, Dec. unchanged May unchanged July noi open. Rye: Oct. higher jDeC. higher 1.23-1 a, May la 1.30A, July not open. MORE Grain quotes Thursday (basis High Low Close Flax Oct 347'A 340 Nov Dec 325 ft 527% May 334Ts 333 Rapeseed Vancouver Sep 2M 291 Nov 293 286 292 Jan 287 28114 28G Mar 28G 284 Rapeseed Thunder Bay Oct 264Ve 264Vs 260 Simningdale 20 cents to Francana was down 25 cents lo MONTREAL (CP) Ad- vances in all sectors marked llglh trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 700, compared with at the same time Thursday. IndusLvials rose 1.36 to 231.01, the composite 1.08 to 220.68, banks .81 to papers ,3V to 92.38 and utilities .18 to 157.79. On (he Montreal Stock Ex- change, Gaz Metropolitan gained to Pacific Pet- roleums to and Rapid Data 14 to On the Canadian Stock Ex- change, Fallinger fell 20 cents to on shares traded. .30 1.53 .54 2.ID .23 10.U) 3.75 1.W 15.50 1.45 1.00 6.40 I.SO a.m. QuoTti) MINES Acme Advocate Asb. AkaUcho Bralorne Broulan Bethlehem Brunswick Canada Tung. Caiifar Cenlrel Chi mo Conwest Cons. RambJcr Coin Lake Cochsncur Cralgmont Dlckenson Wines DenKon Mines Deer Horn O'Eldona Donvs Mines Dona Ida Discovery Mines Hast Malarlic East Sullivan Falconbrldge Frobex First MarlUmes GlanT Y.K. a.m. Ou Northgnls Norlex Osisko Pine Point Placer Dev. P. C. Exp. Quebec Man Rayrock Rail lore Rio Algom Roman Corp, Sherrltt Gordon Silver Miller Steep Rock Tek Corp. Texmonl Upper Canada Weslern Mines Mli00 a.m. Quoleil Wright Hargreaves l.oo Ford ol Am Grt Cdn Oil Gen Meiers Grl Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur 4 Erie Hiram Walker Imp 011 Imasca Int Michel Int Pipe 1.92 Jnv Grp A Int U1II Ind Accepl Kaps Laurentide Kelly Doug A Losh Lobfaw A Met Stores 41 .CO 3.35 .10 1.01 .33 70.00 6.9U 14.75 5.00 ,J9 3.70 3.10 64.00 9.10 74-50 15.75 37.00 20.25 3.90 32.00 47.25 Windfall ___ -C9W Ferg INDUSTRIALS McWIIIan Blot .35 Bay M-S 22.00 .19 3.W 1.60 NEW YORK nd T 47.00 Stan Golds IJ3.S7 up Anacoixla 1B.M Sid O1I of N.J. 81.35 10 Base Met 91.05 up .12 Delh StM! Texts Gutf H6.3TO 15 West Oils up 1.93 Chrysler 30.37VI Texas Co Volume Sii.000 comwt Corp 2i.57Ww M vrtok- Dupont T67.W Woolworth 'ORK AVEKAGI5 GJU 7B blVi Elec 43.00 30 Indust 958.31 up J.U Gulf 3J.12V] U.S. Sleel 29JH'i 20 Rails 21B.2D up .35 Inl Harvester M7i Gen Tel Elec 27.7S 15. UlililKs 110.37 off .19 Kenn Copper 22.00 TORONTO AVERAGES 6S Stocks 310.16 up .U Ward 22.25 2a Inrfust 310.77 up .31 Calgary livestock CALGARY (CP) Receipts to 11 a.m. tcday on the Calgary livestock market were head, practically all year- ling replacements. Trade was active. Slaughter cattle were scarce and steers sold steady with no choice kinds on offer. Heifers, cows and bulls were steady. Good steers 30.50 to 31.75, medium 29.50 to 30.50. Choice heifers 31 to 31.90, good 29.50 to 30.75, medium 28 to 29.25. Good cows 25.50 to 28.50, medium 23.50 to 25.25, earners and cut- ters 19 to 23.25. Good bulls 27 to 30. Replacement cattle were mostly yearling steers in the 750 to 850 pound range, selling at strong prices. Stock heifers sold steady, stock Previous estimates had put the date of first delivery at mid-1978. calves were relatively scarce, selling steady. Good feeder steers 750 pounds up 36 to 42.50, under pounds 39 to 42.80. Good feeder steers 750 xrands up 36 to 42.50, under 750 pounds 39 to 42.80. Good 'eeder heifers 600 pounds up 31 to 35.20. Good slock steer calves under 400 pounds 47 to 51.50, 400 pounds up 44 to 49.50. Good stock heifer calves under 400 pounds 39 to 42, 400 pounds up36 lo 39.75. Hogs average base price up 36 to 39.75. SUPERINTENDENT OF UTILITIES Major chemical plant requires Superintendent of Utili- ties and Irvspeclion. Challenging position with respan- sibilily for all utilities and metals inspection, including operation of utilities plant; sulphuric acid plant; exlen- itve water treatment and ultra-sonic melals inspection service. Tho successful applicant must have a valid Alberta First Class lileam Engineer's Certificate and several years commensurate with qualifications and experience. Send resume to; PERSONNEL MANAGER, NORTHWEST NITRO-CHEMICALS LTD. BOX 310, MEDICINE HAT, AlBERTA T1A 7G1 Beef futures WINNIPEG (CP) Live beef futures close Thursday. Nov 34.50A; Jan 35.50B; Mar 35.BON. Wednesday's volume: No con- tracts. Kelvinator buys firms 1IESPELER, Ont. (CP) A meeting of shareholders of Kel- vinafor Canada Ltd. approved Tharsday the purchase by Kel- vinator of four subsidiary com- panies of White Consolidated Industries Inc., a United States manufacturer and distributor of home appliances. Companies involved in the transaction are White Consoli- dated Industries Canada Ltd., Refrigeration Supplies Co. Ltd., Hupp Canada Ltd., and Frank- tin Manufacturing Co. Canada Md. Dollar value (CP) MONTREAL dollar in terms U.S. Youngest bank head in Canada TORONTO (CP) Richard M. Thomson has been ap- pointed president of the Toronto Dominion Bank. At 39, he is the youngest o: the presidents of the nine oper- a ting Canadian charterer banks. Mr. Thomson formerly vice- president and chief genera manager, joined the bank 15 years ago. He served in various capacities, becoming chief gen- eral manager in 1963 and a vice-president and director in 1971. Other changes include the ap- pointment of Samuel T. Fatten, a former executive vice-presi- dent, as deputy chairman. Allen T. Lambert, formerly chairman and president, be- comes chairman and chief ex- ecutive officer. J. Allan Boyle, formerly dep- uty chief general manager, ad- ministration, becomes execu- tive vice-president and chief I general manager. Estab- ishment, whose scientists hart ong conducted ground-based onospheric research and were particularly interested in the sehavior of the polar iono- sphere because of Canada's de- pendence on radio for commu- nications to many remote set- tlements in the North. The U.S.-Canada dialogue re- sulted in the joint project un- der which Canada would build the spacecraft, provide the swept frequency sounder and ground stations in Canada for controlling the spacecraft, and NASA would 'launch the craft on a U.S. rocket and receive satellite telemetry o n iono- grams outside Canada. The initial successes 1 e d to the 1963 U.S.-Canada agreement establishing the International Satellite for Ionospheric Studies and the program was so suc- cessful that it obviated the need for a separate NASA satellite program in this field. Alouette II was launched In November, 1965, and still func- tions although at a reduced power level. ISIS I was launch- ed in January, 1969, and ISIS II in March, 1971. 3.5 per cent, about average for the last three years. INCOME CLIMBS income per unit of non-farm output was up nearly 4.4 per cent in the second quar- ter of this year from' a year ago. This was a much smaller increase than the 6.3-per-cent rise reported for the previous 12 months. bank's Index of com- mercial profits per unit of out- put was up 11.8 per cent in the last reckoning, compared with a 7.5-per-cent increase a year earlier. lost through labor dis- putes in the first seven months .1 of this year soared to 5.9 mil- lion man-days from 1.5 million in the same period last year. Statistics Canada is sched- uled to release September fig- ures on unemployment and con- sumer prices Oct. 10 and 11. August figures showed unem- ployment in August amounted to 5.4 per cent of the labor force. Consumer prices were up 4.7 per cent from a year ear- lier. By Gone Fawcette fOXTHE SPORTSMAN FISHING WITHOUT A ROD IS FOSSIBLE WITH A N EW HAN D HELD DEVICE SAID TO SEA FIRST FOR ROPLESSCASTINI FAR EASIER TO OWRYANDSTORE, ITCOMES WITH RNGER-CRAG AND SELECTOR FEATURES. Tax treaty talks open next month of Canadian funds unchanged at 11-32. Pound sterling down 3-16 at 1-16. NEW YORK (CP) Cana- dian dollar down 1-64 at 11-16 in terms of U.S. funds. Pound sterling down 27-64 at I 6M4. OTTAWA (CP) Canada will open negotiations with Bel- gium for a tax treaty end begin discussions next morlh r.itli France and the United 1-Jig- dom for .revision of existing treaties, the finance depart- ment said Thursday. The treaties which Canada now has with 13 olher countries Australia, Denmark, Finland, Vest Germany, Ireland, Japan, Netherlands, New Zealand, Norway, South Africa, Sweden, [Yinldad and Tobago, and the United states. provide for the double taxation avoidance of on incomes ATTENTION! University Graduates The business world offers many challenging and highly remunerative opportunities for you to make full use of ycur educational background. Several such opportuni- ties exist within our organizalion. (A wide range of De- grees are represented among our most successful If you are interested in a career position which entails personal contact with all levels of business and professional people lefs discuss how well you may do with us. Our evaluation program will give both of us some interesting answers about you- Please write in confidence to Box 95, Herald. MR-30 earned by a taxpayer in more than one country. They also cover means to prevent evasion of taxes and similar matters. Existing treaties that Canada has mlh olher countries need revision in light of the sweeping changes made last year in the Income Tax Act. Generally, Canada withholds a higher rate of lax on payments going to i non-treaty countries than it will under the new law for treaty countries. The government said it will give public notice in advance ol opening negotiations so that taxpayers can advise the ii- nance department of specia problems they want considered in the bargaining. Other countries with which Canada haa treaties include Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 37.15, overage Thursday 36.93. Red Deer: 37.20, average Thursday 36.95, Calgary: 37.15, average Thursday 36.90. Lethbridge: Nil, average Thursday 37.85. IJoydminster: Nil, average Thursday 36.55. Grande Prairie: 36.75, aver- age Thursday 36.35. Fail-view: Nil, average Thursday nil. Fort Macleod: Nil, average Thursday 38.25. Total hogs sold Total sold Thursday Average 37.07. Sows average Chief Accountant A leading manufacturer of Mobile Homes and Industrial Camps a chief accountant for Els plant in Claresholm, Alberta. The applicant will be a recent R.t.A, or C.A. graduale with experience In manufacturing or con- -fruclion, a knowledge of control ana1 information procedures and have ability to co-ordmala and direcl working support staff members. Tho posiiion offers unuiual opportunity for growiri in a firmly eslablished and rapidly expanding firm. Good package and a salary commensurated with and In Jtrict confidence giving full information of edi ir tion and experience to: D. M. JOHNSTONE SAFEWAY SHELTER SYSTEMS LTD. I Box 970, CLARESHOIM, Alberta. One of Western Canada's largest full line dealer- ships urgently requires dynamic individuals, sales ex- perience helpful fcut rot essential. This application will interest the sales person who li not satisfied with his present position. We are a 400 to new car operation in excellent facilities and will train you on the job. Above averags earning potential and full Co. benefits. Apply Box 89 Lethbridge Herald ;