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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 9, 1971, Lethbridge, Alberta TORONTO (CP) Industrial issues edged fraclionally lower as prices on the Toronto stock market recorded small losses in most major sectors iji active mid-morning trading today. The decline interrupts 10 con- secutive advancing sessions. Industrial issues were off .50 to 173.74 and golds .17 to 148.79. Base metals were up .13 to 73.53 and western oils .77 to 204.82. Volume by 11 a.m. was stares, up sharply from at the same time Wednesday. Analysis said a minimum number of investors were switching issues, but profit-tak- ing on active trading stocks is forcing prices lower. Banking, industrial mining, pipeline and steel issues dropped moderately lower as nine of tlie industrial indexes 17 sub-groups posted declines. Chemical, merchandising and utility issues moved fractionally higher. Declines and advances were about even, 99 to 95 with 205 is- sues unchanged. Falconbridgc was off to Brascan to Mc- Intyre iVi to Inco to Home A to and Eanger Vt to SI2. Supertest ordinary was up 1 to Canron to Peo- ples Department Stores to Dome Pete 38 to and Bell VB to LIGHT TRADE MONTREAL (CP) Banks and utilities advanced moder- ately as other sectors registered slight losses in light morning on the Montreal stock market today. Combined volume on the Montreal and Canadian stock report Calgary livestock CALGARY (CP) Receipts on the Calgary livestock market to 11 a.m., about 725 head; mostly slaughter steers ant cows. Trade was active and strong. Slaughter steers were 25 cents higher; heifers were in short supply with prices steady to strong, some sales to 32.20; cows were steady with good kinds scarce and bulls were steady. Choice slaughter steers 33.75 to 34.20, good 32.50 to 33.50, medium 31.25 to 32.25. Choice heifers 31.50 to 32, good 30.25 to 31.25, medium 28.75 to 30. Good cows 22.50 to 23.30. medium 20.50 to 22, canners and cutters 17 to 20. Good bulls 23.50 to 25. Replacement cattle were practically all heavy, short-keep steers selling steadily. Insufficient good stock calves offered to establish a market. Good feeder steers more than 750 pounds 33 -to 35.40, with a few lightweights to 37.50. Good feeder heifers more than 600 pounds 30 to 32. Good stock and feeder cows 21 to mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) MINES Pine Point 21.25 CAD 12.87W Acme .32 Placer Dev. 74 00 Fd of Amer c 0} Mny 100-li lOO'.i Jly 102'i Uecf fnlnres WINNIPEG (CP) Live. futiiros closo Wednesday. .Ian. .U.IOA; March May ,T2.7S11. volume: in con- rncts. Thursday, December 1971 THE UTTHBRIDGE HERALD 29 North forces battered in Cambodia SAIGON (AP) U.S. helicop- ter gunships and South Viet- namese troops battered North Vietnamese forces in CambodU today, and a Saigon spokesman reported 73 North Vietnamese killed and 26 weapons captured. The U.S. command said American helicopters flew 400 missions in support of the South Vietnamese forces in eastern Cambodia. Meanwhile, some 250 U.S. planes attacked the Ho CH Minh trail in Laos, keeping up the air effort to intercept North Vietnamese war materials and reinforcements moving south to Cambodia and South Vietnam. 5.10 5.39 6.53 7.U 4.40 4.Bt 541 :.9i 3.S8 4.36 5.46 5.68 50B 5.55 480 6.96 7.65 5.14 5.76 1001 10.97 IB 50 16.25 350 3.65 .11 5.37 "I Business Spotlight Financial firms assist clients TORONTO (CP) Many of Canada's financial firms main- tain extensive research depart- ments which issue regular ad- vice for clients. These publications are a good source of information for inves- tors, as background to their in- vestment programs. Here is a summary of some of the recent investment letters: Wood Guntly an improving background we rei- terate our belief that major buying opportunities are presenting themselves in equi- ties, and that investors should be searching out bargains and instituting a selective buying program. We advise a positive approach and the adoption of a viewpoint that extends beyond tomorrow. Often the most successful buyer is (he one who acts ahead of the crowd. Now, more than ever, is the time to be thinking and act- ing positively. Bnngard Leslie and Co. Ltd. There is a great deal of value in many Canadian stocks at cur- rent levels. Corporate tax re- ductions will benefit reported earnings for both the second half of 1971 and ttie full 1972 calendar year. Early removal of tlie Nixon surcharge would pro- xnde a further stimulus to inves- tor confidence on a near-term basis. Bank of Nova perspective of the Canadian oil and gas industry over the past few years has greatly changed. Increasing attention now is being focussed on the problems of finding additional reserves. Whatever the general outcome of the adjustments bound up with the big questions of trade and investment relationships be- tween tin United States and Canada, the Canadian oil and gas industry faces great oppor- tunities in the period ahead. Richardson Securities of Can- of the stimulus to the Canadian economy by the cur- re n t expansionary monetary and fiscal policies will begin to have their impact in late 1371 and early 1972. In the longer run a growing U.S. economy should help to Walker named to Kaiser post SPARWOOD (HNS) Leo- nard Walker, a director of Kai- ser Resources Ltd., has been elected to the board of Direc- tors of Kaiser Steel Corpora- tion it was announced by Edgar F. Kaiser, Chairman of the Board. Mr. Walker, president and chief operating officer of The Bank of Montreal, brings to the board a long background of suc- cessful business experience. He joined that organization in 1927 at Sault St. Marie and subse- quently served in many senior capacities of the bank in On- tario, Quebec and British Col- umbia. He has been a director of Kaiser Resources Ltd., since April 1970. Insure asatisfactory growth rate in 1972 for the Ca- nadian economy. Hong Kong flu outbreak seen WASHINGTON (AP) A U.S. government disease detec- tive says Hong Kong flu proba- bly will strike certain regions of the United States in the new few months, but a country-wide epi- demic is unlikely. The regional outbreaks could affect persons in as much one-fourth of the country, said Dr. Michael Gregg of the Na- tional Centre for Disease Con- trol in Atlanta. There will "not be a big, na- tionwide epidemic like we had in 19G8-19G9 an epidemic that caused tens of thousands of excess deaths." But "certainly, it's quite prob- able that we'll have more flu than last year by a long shot." New York stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Bern steel Chrysler Int Harvester Kenn Copper dl.25 Mont Ward ]JM. Sears Std Oil of N.J. !6-75 Texas Gulf ?7.B71J Texns Co 58.37Vi Wicks Corp 139.37' 3 WoolwoMh 78.75 West Electric 16.6F.-2 U.S. Steel 26.50 21.25 31 :i7Vi ?n Golds 1JB.G1 off -T3 Base Met 73.76 Up .Si 70.62'i 15 West Oils 204.38 up .33 11300 Volume NEW YORK AVERAGES AS 75 30 Ind off 4.88 20 Rails ?36S2 up .13 15 Util 110.27 off 28 C Brt.25 TORONTO AVERAGES 45 Stocks 296.76 off 20 Ind 173.50 ctf Volume a a 1003 4th Avenue S., lelhbridge Telephone 328-4426 roccssngr See the JYEWM971 Sine of DUNLOP BUZZARD BREWERS WE ALSO HAVE RADIATOR REPAIR SHOP IN PINCHER CREEK DVNLOP CERTIFIED SPECIALISTS GREAT WEST TIRE -1203 2nd Ave. S. 328-2011 INVESTMENT REVIEW 1971 The Research Department of Richardson Sccurilics of Canada has published a special 73-pasc report enlitled INVESTMENT REVIEW In addition to an economic and market oullnok, this report features articles on over 20 Canadian industries, highlighting many of the leading companies within Ihese industries. You will find INVESTMENT REVIEW 1971 helpful in shaping your investment decisions in the light of the latest available information. For your complimentary copy of INVESTMENT REVIEW 1971, write to the address below. RICHARDSON SECURITIES OF CANADA Ami J ATI; tM1 JAMES RICHARDSON SONS, LIMITED THIRTY-THREE OFFIOtS ACROSS CANADA RicktrcUon Ser'.iritirs of Avrrmr Snulli, T.otliliriilpr, XT-ST'iT ;