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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 24, 1971, Lethbridge, Alberta Sharp rise made on stock market TORONTO (CP) Prices on (he Toronto stock market rose sharply, interrupting seven con Eecutive losing sessions, in ac live mid-morning trading today On index, industrials wfire up .98 to 174.18, base metals .19 to 88.73 and weslern oils 1.56 to 236.54. Golds were down -14 to 179.86. Volume by 11 a.m. was shares, up from at the same time Monday. Advances and declines were almost even, 80 to 87, with 131 issues unchanged. Strongest sectors were utili- ties, oil refining, industrial nun- ing and food processing. Power Corp. climbed 15 cents lo The company an- nounced it will resume dividcm payments at a reduced rate ol five cents a share. Irwin Toy was up lo Imperial Oil to S29, CP Ltd. to Bell lo S451-S, Bethlehem 5i to and Home A to Walker-Gooderham climbed V4 to Voyager 50 cents to 55.25, Bow Valley 3s lo and Pacific Pete V4 lo Eeconomic Investment was down to Phillips Cables Vi to S10, Tara Vj to Cen- tral-Del Rio to and Pac Ocean Vi to PRICES DP MONTREAL (CP) Prices rose in several seclors in light morning trading on the Mont- real slock market today. Combined volume on lire Montreal and Canadian Stock Exchanges at 11 a.m. was shares, compared with at the same lime Mon- day. On index, the composite rose 1.09 lo 178.78, industrials 1.50 to 181.45 and utilities .58 to 151.19. Papers were unchanged at 78.35 and banks fell .85 to 207.40. Highlights gains, Imperial Oil rose to S29. International Nickel iji to Alcan i-i to (IB-Is, Hudson's Bay Oil and Gas to Bell Canada to Financial Collectors lo 513's and CP Ltd. to Canadian Javelin dropped to Central Del Rio to S1514, and Walker-Gooder- ham and Worts '..i lo STEADY RALLY NEW YORK (AP) The 900.77. Last week's strong rally was turned back al 900. Ad- vances on the New York Stock Exchange led declines by more than 5 lo 2. Today's rally was an exten- sion of the gains made Monday, when the Dow average rose points. The dramatic upturn after the president's economic address nine days ago had fal- tered as profit taking developed Isle last week. Prices included Trans World Airlines up 1 to Mcmorex up Hi at and First Charter Financial up IVi at Lumber costs more OTTAWA (CP) Sharply higher prices for lumber and lumber products were reported Monday by Statistics Canada. The federal statistics bureau's index of residential building ma- terials and wage rales rose to 177.5 in July from 175.3 in June and 162.8 in July last year. The index for materials and wages in non-residential construction ose to 168.2 last month from 167.4 in June and 156.9 in July "ast year. The indexe are based on 196) prices equalling 100. Wage rates rose only fraction- ally for the month, to 209.0 from 208.8 in June, but showed, in percentage terms, an advance of 9.8 per cent from a year ear- biggest increases were reported for lumber and lumber prot'ucts-up 4.2 per cent in the month for residential materials, and up 3.6 per cent in the non- residenlial sector. These in- creases were 11.8 and 14.2 per cent, respectively, from a year earlier. Grain prices Winnipeg Grain WINNIPEG (CP) Rape poslpri losses on selling by a large inlernationa house at mid-session on 11? Winnipeg Grain Exchange to (lay. Exporters and crushers of fereel lighl support lo Ihe com modity as prices were as miic as seven cents below prcviou close levels. Oilier commodities also heavy selling as barley poste losses up to two cents. Monday's volume of Iradi was bushels of flax of rapeseed and 426, 000 of rye. Mid-session prices: Oct. lower Nov. lower Dec lower May Vi lowe 2.4H4. Rapeseed Vancouver: Sep 4 lower 2.BB14; Nov. low Jan. 47i lowe March lower 2.70B Rapeseed Thunder Bay Oct. I) lower Dec. lower 2.62HA; May 6% lower Oats: Oct. Hi lower 67VJB Dec. Ms lower May IV, [ower Barley: Oct. 2 lower 1. Dec lower May ower Rye: Oct. Hi lower 90% Dec. I'A lower 9014; May .ower 93HA. Higli Low Clowe ..Flax Oct 239% 237 238 Nov 237V, 238'A Dec 235 233'ii May 244% 241% Rapeseed Vancouver Sep 287 290 Nov 284 270 27914 Nov 2X4 278 279i4 Mar 275 270 RapFscrd Thunder Bay Oct Dec May Oats Oct 687; Dec 60 May Barley Oet 106'! Dec May Rye Oct 267 271 105 10512 Dec May 91 94 264 261 26814 667i 67 10314 1021-4 90 90% 269% 67% 68 Wt ]01% 104'i 90 90% stock market rally rolled on today, carrying the Dow Jones industrial average past the 900 level. Trading was moderately active. The noon average of 30 in- dustrials was up 8.39 points at Hog sale There were no cattle sales Monday due lo the weekly sale 3l weaner ant) feeder hogs. Sales hogs. All classes of w.aner and feeder hogs met ;ood demand. Weaners sold about steady. Light feeders under 100 Ibs. steady; heavy feeders over 100 Ibs SI or more higher per cut. Weaners 3.50- 1000 per head. Light feeders under 100 Ibs 8-15.75. Heavy feeders 100-130 Ibs 14-14.50 per bead. Heavy feeders over 130 Ibs. 22.25-24.75 per head. Light feeders under 100 Ibs sold from 13.30 to 21.10 per cwt. Heavy feeders over 100 Ibs from 16.10- 16.50 per civl. Bred sows and gilts per head. Boars 18.50-35 per head. Bulcher hogs sold Monday FOR Lelhbridee 23.35-23.70 base price. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 23.60. Average Monday 23.16. Red 23.45 Average Monday 23.48. Calgary: 23.65. Average Monday 23 50. Lethbridge: No sales. Aver- age Monday 23.54. Lloy.dminster: No sales. Av- erage Monday 23.35. Total hogs sold Total hogs sold Monday Aver- age 23.35. Sows at all points 13.37. Beef futures WINNIPEG (CP) Live Beef futures Monday. Sep Nov Jan Mar Open High Low Close 32.95A 32.40A 30.00B BORN IN OVEN ASIIINGTON, England (AP) Andre Mather, 16, hatched two (luck eggs by pulling Ihem in his mother's electric oven and turning it on low heat. Advantages in foreign investments MONTREAL (CP) Revenue Minister Herb Gray said today there are enough benefits to some Canadian industries to lustily the conlinued growth of foreign investment. Mr. Gray, who headed a study of foreign investment in Canada now before cabinet, said there are many advantages, and dis- advantages, associated with for- eign owned firms. "But it would certainly ap- pear that there are sufficient benefits from the operation of multi-national enterprise in at least some industries, such that much future public policy in Canada and elsewhere will have to be based on recognizing its continued existence and grovrth." For the host country "this would seem to call for a policy Ural would seek lo minimize many of the costs associated with Ihis form of enterprise and maximize the benefits claimed for it for that economy." Dollar value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds up 3-32 to 13-32. Pound sterling down 7-16 to NEW YORK dollar down 3-32 at 98 in terms of U.S. funds. Pound stor- ing down 57-64 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doheny, lloadhouse and McCuaig) LAST BID OH SALE n.m. (.-001651 a.m. 19.25 11.50 fi.95 5.3S 3.9S 10.00 t m. Quotes. WESTERN OILS Almlnex S.70 Alta East Goa Asamera Ashland Of! B. P. Oil, Gas Cdn Southern Cdn Export Gfl3 Cdn Home. Cdn Home. PftJ. Cdn Indus Gos Cdn Long IB. Cdn. Superior Cenlral Del Rio Charter ChleMan Dome Pele Dynamic Peffl Greal Plains Lochlel Explor Mill ciiy New Cont. North Cdn Oil Numac Permo Pelrol Pinnacle Place das Hud. Bay Oil Pf Hugh Russell Husky Oil Musky Oil B Husky Oil War Inter Prov. Plpo Gr ln Chares Ponder Ranger Scurry Rafn, spooner Tolal Petrol Wfiif Inter Steel Cdn Occldenfsf Joulel Kaiser Kam KolU L. Dufault L. Onl. M.G.F. Man. Menlor Newconex Pacific Pete Rank Organ, Selkirk Hold. Shell Cdn Shell Inv, Pfd. Shell Inv. Wls. Sicks Rainier THedyne West. Cdn Seed Whltepass CALGARY Acroll Barons Oil North Conl. Madfson West. Warner 15.75 5.60 4.90 3B.5D .95 6.95 10.50 .5! 1.25 50.00 Comnw Lev 145 379 1'J 00 Corp Invesl 5.41 Corp In St F 5.06 5.53 -1275 Oreylus F U.S. 12.3B 1357 7 Or EqulJy f.35 6.97 Shares 3.J9 3.B4 Gr F 10.65 11.B7 Invest Mulual S.7B Mutual Ac 5.91 Mutual Gr F 5.16 5.70 Nat Res 7.21 1. N W Financa d.dfl N W Gr 5.46 Principal Gr 4.24 Roy fund 5.55 5 76 Temp Gr 2O9 26.55 7.35 10 "0 K so 2.30 2.40 Iff. 75 UnivVraaT'sav 7J VANCOUVER Anuk .50 Arclic. Mining Alias Ejtplor Bath Norse -67 Beth Copper 20.QO Block Bros 2.35 Brenda 5.90 B.C. Sugar 19.50 B.C. Sugar Pld 16.50 Cap! Inter Churchill Copper -B5 Columbia Cellulose 3.6S mafion Credif 1.05 37.50 17.50 2.75 4.55 4.50 11.75 7.95 6.05 .06 .03 .71 .34 CrcE'brook Croyden Dolly Varden Ind .19 MISCELLANEOUS INDUSTRIES Agra Indus. 6.75 Alco Indus. Aquafafne Brll. Nfld Cdn Brew A Ccfn Brew B Cdn Hydro Car. Cdn Pac. Inv. CPR Pld. PIPELINE STOCKS Alta Gas Tr L A AQ.Wh AMa Gas Tr L Pfd Forl Reliance .JO Alia Nat Gas 23.50 Gianl Mascot 5.30 Cdn W Nat Gas Granlsle 11.15 Inland Nal Gas Growers B 2.C5 B N and C Key Indus! .25 27 Pacrflc Gas Tr 13.00 Hys ?.35 5iO N and C D Pfd 30.25 Inferior Brew 4.53 2950 Gar Metro Inlcr Mariner Jd 3575 Gar Melro Pfd A 6600 Kamlnops Copper 091 Tr Cdn P 3S.MVj 7.BD Won Tr Ctjn p Pfj B Lvllon Minerals Tr Cdn P Pld A 65.25 New Imp Mines 79 Tr P Ccjn War II .00 Okanagsn Helicop 5 crn WC Trans 26.00 Plains Pete 11 Western Pacific d.HVz Primer ,C9 MUTUAL FUNDS Pyramid .32 AGF Special 2.96 Silver Slandard 1.16 ri'- rA innn" A" Cdn Com fl-31 9-OB Slampede Inll Res .El Gl Cdn Oil 6-75 10000 Al, cdr, M Home Oil A 14.6W? All Cdn Vent 3.70 d.04 .35 Home Oil B Amr Gr F 5.96 6.54 Western Mines 300 Home and Pit. 2.30 Cdn In Fund 4.51 4.9-1 WC Res .07 Hudson Bay Co Col Mutual t.90 Western Expror 15 Hudson Bay Oil 46.50 Comnw Inter 13.09 1J.3B Uliea .37 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST Bin OR SALE Pron p sn 13 Dlf i.m. Quotesi MINES i .23 1-50 1.90 .25 2P.D0 4.70 1.73 20.25 1.66 1.21 Acme Advocate Asb, Akailcho Black Bay Bralorne Belfilefiem Canada Tung. Cessiar al Pat. Chimo Conwest Cons. Ramb'-- Coin Lake Cochenour Craigrnonf Dickenson Mine Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery East MalarHc East Sullivan Falconbridge ibex Firs! Maritimes .90 Giant Y.K. 6.75 ovis 1 95 randuc 5.15 Headway R.L. P.OO loilinger 3B.50 Hudson Bay M-5 22.25 Hydra Ex. QUOTES) 7.90 19.25 10.00 25.50 27.50 .76 -li 1.18 -2-1 1-1.50 6.05 15.25 .OS 2.07 5 85 2.95 92.iQ in Day Joliet Quebec Addlson