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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 23, 1971, Lethbridge, Alberta West oil issues advance slightly TORONTO tCPI Wr-slern oil issues posted Irnctional ad- vances while prices in all oilier sectors on the Toronto stock market dropped in stow mid- morning trading loday. On index, indusliials were down .05 to 173.26, golds 1.74 to 180.02 and base metals to 88.61. Western oils climbed 51 to 231.63. Volume by 11 a.m. was shares, down from at Lhe same liire Friday. Declines outnumbered a d- vances 101 lo 69. wilh 149 issues unchanged. Weakest sectors were beverages, nil refining, merchandising (rust and loan. Banking, pipeline, real es- tate and utility issues ivere frac- tionally higher. Canadian Tire A v.as dorni 2 lo Bethlehem to S19U, Tara to '.'i (o SlOii, 'Bank of Nova Scotia to 5M and Bio Algom 'i lo 515. Moore lost '.i to M5'j, Sea- grams S53, Bell (o S-15'ii. j Campbell Red Lake 1'j lo 526 and Imperial Oil i lo S2U'i. j Supertest nrdinan- climbed 2'8 to S58'k. Na-Cliurs I'.i lo SH-lj, TransCanacIa 1'j to Dome Pels ;B lo S38 and Chrysler to j PRICES OFF 1 MONTREAL fCP) Prices were off in most sectors in light morning trading the Mont- real stock markel today. C o m h i n n d volume on the Montreal and Canadian Stock Exchanges at 11 a.m. 157.600 shares, compared wilh 328.800 at the same lime Friday. On index, the composite fell .14 lo 177.35. industrials 19 to 1JW.21, banks .2.1 lo 207.15 and papers .29 to 78.3j. Utilities rose .10 lo 151.02. Miscellaneous quotations Grain price review Vancouver, Calgary, Montreal (Supplied by Doherly, Itoedhouse and McCuaig) LAST BID OR SALE (11-00 fi.m. Quotes, ouolen a.m. OUl Winnipeg Grain >owcr while ail other 1 WESTERN OILS Almlnex Alta E Gas Asamern Ashlantt Oil B. P. Off Gas Cdn Southern Cdn Export Gas Cdn Homestead 5.10 IB.75 7.00 5.JD 3. tO Ctln Home. Pfd. 19.50 Among losses, Border Chemi- cal fell in Dominion Glass '-a lo Calgary Power to Trans Mountain Oil Pipe Line to Ivaca In- fju.stries to 514'i and Impe- rial Oil Vi lo Highlighting gains. Trans- Canada PipeLine rase SI '2 to Alberta Gas SI lo ?48 and ShcJl" Canada Vj to MODERATE THADE NEW YORK (A.P) Stock prices were sharply higher loday as the market responded to developments on foreign cur- rency markets Trading was moderate. The noon Dow Jones average of 30 industrials was up 9.42 points at 890.33. Advances led declines on the New York Stock Exchange by more lhan 2 Lo 1. Genstar rose at SllVi and Inco at among Cana- dian issues. Dome Mines dropped to and Granby Mining lost lh. lo S20lh. On (he American exchange, Canadian Javelin was up at SIS ami Canadian Marconi added to S2.96. Ccln Indus Gas Cdn Long Is. Cdn Superior Central Del Rio Charier Chieilan Dome Pe1e Dvnamit Pete Greal Plain1. Locliiel Explor Cfly New Cent, Horlh Cdn Oil Numac Pcrmo Pclrot Pinnacle Place Gas Ponder Hangtr Scurry Rain Spooner Tola! Perrol Wesf MISCELLANEOUS INDUSTRIES 11.25 .66 44.25 5.80 .97 1 17 1.53 16 75 1.78 e.w 6.B5 Corp Invest 5.40 i.91 Corp In SI F 5.05 5.31 47.75 Dreyfus F U.S. 12.30 13.48 7.30 Gr Equity 6.3B 7.01 In Shares 3.B-1 Invest Gr F 10.BB 11-90 9 Invest Mutual 5-29 5.78 74 Mutual Ac "ln enn al Gr F RDL N W Finance N W Gr Principal Gr Temp Gr United Ac .__ Universal Sav 7.IB 7.89 VANCOUVER 2.3D 2 on .87 5.25 20.30 5.3fl 5-92 5.13 5.H 7.19 7.B6 4.49 4.93 5.41 5.95 4.2! A 63 5.S4 34.B2 27.13 4.83 5.31 37.50 17.50 2.75 4.50 4.50 11.00 .07 Agra Indus Alco Indus. Aquatflino Brif. NNd Cdn Brf.v A Cdn Brew B Cdn Hydro Car Cdn Pac Inv. CPR Pfd. Ind Cygnui A 9.00 fl.Wi ?7 25 5.5D 3D.25 35.75 14.B7VJ 22.75 11.50 12.00 Cum Prop Gt. Oil Sands Gt. Cdn Oil 6-75 10000 Home Oil A 313 5 Home Oil 6 3J.7S Home Pilfld 3.DO Hudson Bsy Co. 1B.25 Hudson Bnv Oil Hud. Day Oil Pfd 58.00 Hugh Russell Husky Oil Husky Oil B Husky Oil Infer Prov P infer Sretr Cdn Occidental Joulel Kaiser Kam Kotla L. Dufautl L. Onf. Port WGF Manage Men I or Newconex Pacllic Pete Rank Orqan. Selkirk Hold. Sliell Cdn Shell Inv Ptd Shell Inv Wls Sicks Rainier Teledyne Wesf Cdn Seed CALGARY Acroll Barons Oil North Ccnl. .0 Madisen 2 West Warner 3 PIPELINE STOCKS Alia G Tr L A 4B.Q Alia GBS Tr L Ptl 7i.CI Alta Nat Gas Cdn W War Gas inland Hal Gas rj C 15.75 Pacific Gas Tr 13 on N and C B Pfd 30.SO Gaz Metro interior Brew Gaz Metro Pfd A 66.75 Mariner Tr Cdn PJpe 35.75 Tr Cdn P Pfd B 42.95 Tr Cdn P Pld A 63.M) Tr P Cdn War 12.25 WC Trans 26.00 Western Pacific 6.W3 MUTUAL FUNDS Primer AGF Special 2.95 Pyramid All Cdn Com B.2S 9.05 Silver Standard All Cdn Divid 9.37 10.S4 Stampede Ind Rei All Cdn Venl 3.67 a'.fll Tcxmcrt Amr Gr F 5.P1 Trojan Cdn Invest F 4.51 4.9J Western Mines Col Mutual 6.25 6.67 WC Res 0 Cmnw Inter 13.15 Id.45 Woslern Exploi Lev 3.i5 3.79 Utica Arctic Mining Atlas Explor Norse Beth Copper Block Bros Brenda 6C iugar BC Suyar Pfd Capt Inter Churchill Copper Columbia Cell Coronation Creill Creslbrook F Ind Croyden Dolly Varden Dynasty n.'-r.'j Fort Reliance I7.M Giant Mascot 12.75 Graniile 15.75 Growers B Key Indust Hys KamJoops Copper Lornex Lyllon Minerals New Imp Mines .19 .Cfl 'iifi 19.25 3.2S 16. DO 7.50 90 3.75 4.M 7.15 S.J5 11.5D 2.60 2J5 !JD 7'CO 1.50 77 WINNIPEG com- modUics posled losses at mid- session today on the Winnipeg Grain Exchange, Rapesecd was three to four Livestock Calgary livestock CALGARY On offers to Jl a.m., about 200 head; mostly mixed grades and classes of slaughter cattle. was moderate. Slaughter steers and heifers were .steady, cows were fully steady and bulls lower. Good lo low choice slaugh- Lor steers 30.50 to 31.70, me- dium 28.50 to 30.25. Good to low choice heifers ifi.75 to 27.70, medium 25.50 to 26.50. Good cows 21-25 to 22.40, medium 20 to 21, canncrs and cutters 17.50 lo 20. Good hulls a to 21.60. Insufficient replacement c-at- tle or stock calves to establish a markel. Hogs base price 23.40. Toronto mines, industrials Supplied by Rlcnardson Securities of Canada LAST BID OR SALE The Lelhbridge Community College inviles applications for the following PART-TIME INSTRUCTORS FOR OUR EVENING AND DAY COURSES Upgrading and High School Courses Business Education Courses General Interest pecially instructors of Drafl- ing, French and Welding Defensive Driving Courses Applicants should apply for the standard application for employment form 1o: The Director of Personnel Lethbridga Community College Lelhbridge, Alberla Imperial bank revenues drop TORONTO fCP) Canadian Imperial Bank of Commerce re- ported a drop of almost ]8 per cent in balance of revenues for Uie first nine months of its fis- ca] year compared wilh Lhe same period in 1970. Balance of revenue profit be- fore host indicator of a bank's down from last year. Profit afler taxes was c o m p a r ed with during the corre- spondJng period in 1970. Total revenue dropped to from AsseLs as of July 31, reached billion, up from S10.2 bil- lion a year ago. Dollar value NEW YORK dollar down 3-32 at 98 47-64 in terms of U.S. funds. Pound ster- ling down 2 at MONTREAL (CP ttol- lar in terms or Canadian funds up H lo ?LOl 9-32. Pound ster- ling down cents to (U.-CD a.-n. O MINES Acme Advocate Asb. Akallcho P.C. Exp. Blatk Bay Bralorne Broulan Bethlehem Brunswick rn.-OO a.m. OuoieSl a.m. Quoieil Noranda HorJhgelC Nwtex Ope m (ska OsisKo Pallno Pino Palnl Pfacer P C Exp Quebec Man Conv.-esl Cons Ramtilar Coin Lake CDchenour Craipmont DicKenson Mines Denison Mines Deer Horn D'Elc'ona Dome Mines Donalda Discovery Mines East Malarlic East Sullivan Fa'conbridae Frobex First Msrilimes Glanl Y.K. Bovis Granduc Headway R.L. Hollinger Hudson Bay M-S Hydra Ex. Iron Bay Iso Jolief Quebec Kerr Add IE on Key Anaccfi Labredor Lake Shore Langia Silver Madsen R L Artalarlic G.F. Marlin McNeely Maclnlyre Intern Mogul Nu Vy'esl Hom fveiv Athena New Calumel New Imperial ,15 3? 8.60 I.OS 21.00 .05 .57 .OBYi .90 1.00 PI.75 .35 .90 9.00 1.95 5.60 Radiore Rio Algorr. Roman Corp SherriM Gordon Silver Miller Sleep Rock Tck Corp. 31. M 790 .35 10.00 .27 26.00 27.75 .78 15 15.00 i.PO 35.DO ,04 2.07 5.6" .-13 Upper Canada Western Mines Wrighf Harflreaves M5 Willroy Windfall Yellawknlle Bear Zenmac INDUSTRIALS AbltlDl Alcan Algomo Sleel Alco Ind Allan Sugar Bell Tel 3.00 1P.OD Dom stores Dome Pele Dolasco CAO Fd ol Amer Gt Cdn Oil Gen Motors Gl Lakes Pap Gull Oil COa Greyhound Howker Sid Hiram' WaV Imperial Oil Imperial Tob Int Nickel Inl Pipe Inv Gn A Inl Utilities tndusl Accepl Laurenllde Kelly Doug A Lceb Loblaw A Metro Stores Ferg McMillan Bloe Moore Corp Molsons B North, Cent Power Corp Price Co 3B.M 2.90 .10 .90 .65 B.OO B5M .11 .18 9.75 9.00 .21 D.c! Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indusf Caneda S S Ccln Marconi Cdn Vkkers Cnryster CPR Com Inco Cons Balh tens GDS Dlst SPB Dom Bridge Domtar Dom TexlJle 63.25 19.00 19.50 -1.20 6.30 5.13V? 3.75 36.00 1.05 11.53 13.00 31.35 5.EO fl.50 19-75 53.35 2375 .orp Shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Ges Union Oil Vcrsalile WB. We 51 eel Union Car WesCon's B Woodward's A West Cdn Sd Zenith Elec BANKS Can Imperial Won I real Nova Scotia Royal Tor-Dom 13.00 95.00 23.12Vi ffl'.m" 5.10 85.50 15.25 li 50 Z.fO 2513'j 35.00 3850 19.50 JI.87V4 7 39.00 1B.50 1.00 5.50 3.90 5.75 lfl.00 '7.37'A 15 4.EO J.75 10.75 19.W 37.50 20.25 ?i.OO 33.50 13.12V? 23.75 35.75 15.00 17.25 3.65 13.00 16.25 33.50 U5 S6.L7V'a 35.75 Hog prices EDMONTON (CP) Aver- age prices to 11 am. Monday provided by Ihe Alberta Hog Producers Marketing Board: Edmonton: 23.05. Average Friday 23.67. Red Deer: 23.35. Average Friday 23.50. Calgary: 23.40. Average Fri- day 23.53. Lethbridge: 23.35. Average Friday 23 24. commodilies were fractionally lower' in a quiet trade. Friday's volume was of flax, ol rapesecd and of rye. Flax: Oct. not open, Nov. un- changed 2.38A, Dec. lower 2.33'iiD, May Vi lower 2.43B. Rapeseed Vancouver: Sept. 4'.j lower Nov. low- er Jan. 3Vi lower March 3 lower 2.78. liapc-seecl Thunder Bay: Ocl. lower 2.76A, Dec. lower 2.70A, May lower Oats: Ocl. 'a lower Dec. not open, May 'i lower Barley: Oct. lower 1.08'j, Dec. lower May lower Rye: Ocl. 1'i lower SSVi, Dec. 'i lower May !.s low- er tow Close Flax Oct 237-fi 2373i Nov M73i Dec 2M 233 233 May 243! i Rapesecd A'ancouvt'r Sep 301 296 ''2 296 Nov 2853i 2S.rli Jan 285'i 231 JIar ZOO1; 27G Tlapesued Thunder Bay Monday, AuBuit 73, 197) THE IETHBRIDG1 HEUID 23 Lacorabe hog fastest grower Ocl Dec 276 1 Oats Oct !Dec i May j Barley I Oct 109 Dec 1077i May Rye Oct Dec Mav 70Ts 96 95% 27S 107 92 92 276U 69 69'.i LACOMBE (CPJ The Lacombc hog, a new strain de- veloped in Alberta, takes ]0 per cent less time lo grow (o mar- ket weight than any other breed in Canada. Dr. Howard Fredeen, who was largely responsible for de- velopment of Llic Laconnhe bog in the 1950s, said Lhe impact of the Lacombes has been great on the Canadian swine indus- try. "At Lacombe we're producing pigs that, hit 200 pounds of weight, at HO days of said Dr. Frodeen, head of the live- stock section of the Lacombe re- search station fW miles south of Edmonton. By 1971 there were La- combes registered to BO breed- ers across Canada, or 10 to 12 per cent of all registrations in Canada. Dr. Frcdeen, who grew up on a grain farm at Ma- crorie, Sask., said that in the early 1950s the value of cross- breeding farm animals was be- coming apparent to anyone knowledgeable in genetics. Canada had the perfect pig in the Yorkshire for one side of the cross for swine. The problem was to get another breed that couJd be used as a partner to the Yorkshire in cross-breeding. Jack Stothart, Lacombe sta- tion director, and Dr. Fredeen decided to see what they could do about it. The two animal breeders started with a Landrace-Berk- shire cross. The Berkshire was ntf.ed for its good mothering ability and its light and reason- I ably uniform backfat. However, Lhe Danes had a monopoly on purebred Landrace breeding stock and would not release any. So a Landracfr- Chester White strain was brought in from the United By Gene Fawcotla OVERCTOWDEP PJCK5ARE OFFERING FURTHER EVIDENT THAT TCOMANY INDIVIDUALS CAN BRING ON DISEASE. A RE- SEACMER AT MICHIGAN STATE U. MAS DISCOVERED SUCH DUCKS WAX-LIKE DEPCSITIN THE INfERMAL New York stocks Supplied by Richardson Securities of Canada "The Glendale Inside x x Outside x x 75VH Door Opening x 200 cubic feel COMPLETED ERECTED and DELIVERED "The Roscdale" Same eonslrucHcn as Glendale u on rigHi. Inside W'W x x x x 76TVH Door Oppning 41" x A2V 250 cubic feel COMPLETELY ERECTED nnd DELIVERED HOMESHED SPACEMAKER GARDEN PORTS (COMPLETELY ERECTED) "EXCLUSIVE FEATURES" FLOOR Steel reinforced 3a" select plywood included in all models. PAINT Fully galvanized super lough vinyl finished (inside and DOORS Boll bearing rollers for easiest operation. THRESHOLD Heavy galvanized fhreshold included in nil buildings. ROOF BEAM Extra heavy steel beam in roof, supports any snow load. EAVESTROUGH Eavestrough with plastic end protectors WALL and ROOF (HEAVY DUTY STEEL) Wall and roof baftenp overlap and interlock for appearance, easy consIruction and slrenglh, LOCKS Padlock included in oil buildings. 89.95 Inside x x Outside x x Door Opening x 350 cubic feel. COMPLETELY ERECTED and DELIVERED........ 149-95 apprjaronce as 159-95 OPEN A CRESTLINE BUDGET ACCOUNT! IOW EASY MONTHLY PAYMENTS NO DOWN PAYMENT CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" Amr T and T Anaconda Belli Steel Chrysler Comsat Duponl GM Gulf Inl Harvc-sier Kenn Copper 3D.12: Montflomery Ward 33.50 J8.2S 3JOO 140.00 Sears Std Oil of M Texas Gulf Texas Co Wltkes Corp Woolworlh 20 Golds 1BI.78 UD 03 70 Base i3? Volume NEW YORK AVERAGES Wcsringhouse Else 92.50 30 Indust up 9.72 (i c 11 20 RailE 736.17 UR 3.57 I TORONTO 20 Indusl 173.R3 off IS Utilities 1 65 Slocks 305.42 U Volume 600 SQUARE FEET OF MODERN AIR-CONDITIONED OFFICE SPACE AVAILABLE IN NEW BUILDING All Ufllirlet and Janitor Servire Provided. Suitable for One or Mora OFFices, REASONABLE RENT- Apply MANAGER 10C.3 Slh Avenue S., Phone 328-4426 123 30th St. N. Phone 327-5444 or 327-5110 THE ALBERTA GAS TRUNK LINE COMPANY LIMITED NOTICE To the Holders of Convertible Sinking Fund Debentures, Series 1 of The Alberta Gas Trunk Line Company Limited NOTICE is hereby given, to the holders of 71% Convertible Sinking Fund Debentures, Series I 1 of The Alberta Gas Trunk Line Company Limited (the that, sub- ject to market and other conditions, the Company intends to issue to holders of its outstanding Class "A" common shares, purchase warrants evidencing rights to purchase from the Company Class "A" common shares with no voting rights attached and ranking equally with such outstanding Class "A" common shares. The record date for determining shareholders en- titled to purchase Class "A" common- shares is Thursday, September 9, 1971 and it is anticipated that the Rights will expire on or about October 8, 1971. The price at which Class "A" common shares may be purchased and other terms relating to the issue will depend upon market con- ditions at the time ol offering. A holder of Series 1 Debentures is entitled to con- vert such Series 1 Debentures into fully paid and non-assessable Class "A" common shares on a con- version basis of 25 Class "A" common shares for each principal amount of Series 1 Debentures so converted all in accordance with the terms and conditions of the Series I Debentures. For details of the manner of conversion reference should be made to the trust indenture relating to the Series 1 Debentures .and to the summary of such terms and conditions set forth in the certificates for the Series 1 Debentures. A holder who converts such Series 1 Debentures and is a holder of record of Class "A" common shares resulting from such conversion at the close of business on September 9, 1D71 will be entitled to Purchase Warrants with respect to such Class "A" common shares. This notice does not constitute an offering ol Class "A" common shares and the Company reserves the right, in its discretion, to postpone, or to refrain from making, any offering. It is anticipated that particulars of the Purchase Warrants and the Rights and the price at which Class "A" common shares may be purchased will be available on or about Thursday, September 2, 1971. As the Record Date is September 9, 1971, it is sug- gested that you contact 'your investment dealer or financial advisor prior to the Record Date. The Alberla Gas Trunk Line Company Limited By: J. M. Ballachey Vice-Prcsident and Secretary August 16, 1971 Shareholders Outside Canada Purchase Warrants wjll not be fonvardrd to any holder oC Class "A" common shares whose recorded address is outside Canada, but it is proposed that National Trust Company, Limited in Toronto. Canada, will hold such Purchase War- rants for exercise (except in the case of residents ot the United States of America) or transfer upon the instructions of such shareholder. The Class "A" common shares will not bo offered ior sale in the United States of America or in any of the territories or possessions thereof, nnd subscriptions will not be accepted from any person or his agent who appears to be, or the Com- pany has reason to believe is, a resident of the United Slates of America or any of the territories or possessions thereof. It is nnticipatcd that such shareholders may be able to sell their Rights in Canada. THE ALBERTA GAS TRUNK LINE COMPANY LIMITED NOTICE To the Holders of Cumulative Redeemable Convertible Preferred Shares Series D of The Alberta Gas Trunk Line Company Limited NOTICE is hereby given to the holder; of Cumulative Redeemable Convertible Preferred Shares Series D. Shares Series of The Alberta Gas Trunk Line Company Limited (Ihe thai, subject to market and other con- ditions, the Company intends to issue to holders of its oulslanding Class "A" common shares, purchase warrants evidencing rights to purchase from the Company Class "A" common shares with no voting rights .attached and ranking equally wilh such outstanding Class "A" common shares. The record date for determining shareholders entitled lo purchase Class "A" common shares is Thursday, September 9, 1971 and it is antici- pated that the Rights will expire on or about October S, 1971. The price at which Class "A" common shares may be purchased and other terms relating to the issue will depend upon market conditions at the lime of offering. A holder of Preferred Shares Series D is entitled to convert such Preferred Shares Series D into fully paid and non-assessable Class "A" common shares on a conversion basis of 2.80 Class "A" common shares for each Preferred Share Series D so con- verted all in accordance with the rights, restrictions, conditions and limitations atlached to the Preferred Shares Series D to which reference should be mada as lo Ihe manner of conversion. A holder who con- I'erts such Preferred Shares Series D and is a holder of record of Class "A" common shares resulting from such conversion at the close of business on Septem- ber 9, 1971 will be entitled to Purchase Warrants with respect to such Class "A" common shares. This notice does not constitute an offering of Class "A" common shares and the Company reserves the right, in its discretion, to postpone, or to refrain from making, any offering. It is anticipated that particulars of the Purchase Warrants and the nighls and the price at which Class "A" common shares may be purchased will be available on or about Thursday, September 2, 1971. As the Hecord Date is September 9, 1971, it is sug- gested that you contact your investment dealer of financial advisor prior to'the Record Date. The Alberts Gas Trunk Line Company Limited By: J. jr. Ballachey- Vice-president and Secretary August 16, 1971 Shareholders Outside Canada Purchase Warrants will not be forwarded to any holder of Class "A" common shares whose recorded address is outside Canada, but it is proposed that National Trust Company, Limited in Toronto, Can- ada, will hold such Purchase Warrants for exercise (except in the case of resi- dents of Ihe United Slates of America) or transfer upon the instructions of such shareholder. The Class "A" common shares will not bs offered for sale in Hie United States oE America or in any of the territories or possessions thereof, and subscriptions will not be accepted from any person or his agcnl who appears (o be, or tlie Company has reason to believe Is. a resident of lha United Slates nf America or any of the Icrvilorics or possessions thereof. It is anticipated that such shareholders may be able to sell their Bights in Canada. ;