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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 21, 1970, Lethbridge, Alberta -Mendoy, Dowmber 21, 1970 THE IETHBRIDGB HERALO 23 Early market trading light TORONTO (CP) Prices were mixed to fractionally higher in light mid-morning trading today at the Toronto stock market. On index, industrials 'rose .45 to 172.21, golds .07 to 167.72, and base metals .10 to 88.52 Western oils were .17 to 192.53. Volume by 11 a.m. was shares, compared with at the same time Friday. Gains outnumbered losses 94 to 63 with 155 issues unchanged. Strongest sectors were mer- chandising, industrial mining and pipelines. Twelve of the exchange's 17 sub-groups were higher. Automotive Hardware was up to ?9V4, Hudson's Bay Oil and Gas to Great Lakes Paper to and Ranger Vs to Consolidated-Bathurst w a s down to Standard Alberta dam not answer EDMONTON (CP) A dam on the Slave River in northern Alberta would only raise the level of Lake Athabasca by about a foot. Health Minister James Henderson said here. He told a news conference that provincial government sur- veys indicated a dam would not achieve the desired effect of raising water levels in the Peace Delta. Besides, the Slave River must remain a navigable river and locks would be too expensive, the minister said. Studies released 10 days ago Indicate a major dam further downstream at Mountain Rap- Ids would raise the level of the lake 10 feet, he said, however the cost would amount to or million to build and take seven years to construct after a decision to go ahead was made and federal approval received. Water levels of the Peace Delta and1 Lake Athabasca have been lower in the past and the ecology has restored itself, the minister said. "It's nonsense to suggest the same can't happen again." Broadcasting to Unio Carbide to and CPR to INDUSTRIALS UP MONTREAL (CP) Gain and losses were minimal in al sectors in very light tradin today on the Montreal stoc market. On index, industrials vanced .16 to 175.35, utilities to 150.14, papers .14 to 90.99 an the composite index .20 to 171.0 while banks dipped .07 to 174.4! Combined volume on th Montreal and Canadian Stoc Exchanges to 11 a.m. was onl shares, compared wit shares at the same tim Friday. Dome Petroleum jumped to Monenco H to Inco to TransCanad PipeLines to and Hollin ger to Southam Press dropped to Belgium Standard t Rio Algom to and Power Corp. to Among speculative Isues 01 the Canadian Stock Exchange Chesbar Iron was off 25 cents t Dumont Nickel Mines rosnd of ils reliability has ;till not been proved by the end >f 1969. COST 830 A POUND Heavy water, used as a mod- rater in the nuclear reactor, about a pound and one f the reasons its use was se- eded over other methods was he hope that the country would self-sufficient in its produc- i.on. A plant constructed at an esli- nated cost to the Nova Scotia's rovernment of has et to produce any heavy water -hough it expected to do sn ome years ago. Canada has ad to go to the Soviet Union nd Sweden for supplies. AECL says losses have been -educed since 1967 and that teps now being taken will re- uce the losses next year to bout 1.9 pounds an bout 50 per cent more than Uie esign figure. These steps include the ation of new air dryers with dded capacity which will cnt heavy water combining. ordinary water and so Officer lulled in bomb raid From REUTER-AP PHNOM PENH (CP) The general commanding a Viet Cong division was reported today to have been killed in a bombing raid in eastern Cam- bodia two days ago. A captured Viet Cong soldier told South Vietnamese forces the commander was Gen. Muoi Tri, who led the Viet Cong 5th Division. Lt.-Gen. Do Cao Tri, com- mander of South Vietnamese forces in Cambodia, said the general's death occurred in the bombing raids carried out by South Vietnamese and U.S. planes. Hog prices EDMONTON (CP) Prices to 11 a.m. today provided by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted 2.25 to 21.30, selling 21.30, average Fri- day 21.42, Calgary: Quoted 21.00 to 21.00, selling 21.00, average Fri- day 21.33. Red Deer: Quoted 21.25 to 21.25, selling 21.25, average Fri- day 21.68. Total hogs sold no, sows 200. Friday, hogs sold. Av- erage 21.42. OLD PROTEST LONDON (CP) Maggie Nelson and her pop group cut their first disc. But unlike other groups in the pop world, Mag- gie's 25 strong hand is called "Old Age is over 70-ycars-old. The disc is a protest song, Give Us the Right to Live, about pensioners' low- living standards. "It's marvel- lous 79-year old Maggie said, I Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Raadhousc and McCuaig) a.m. Quotos> WESTERN OILS LAST BID Oil SALE a.m. Quotes) a.m. Quotes) Almlncx Banff B. P, Oil Car, South Cdn Exp Ashland Cdn Homo Cdnj Indus Gas Cdn Long 15 Cdn Super Cent Del Rio Chnrler Chleftan Dynam Pete Gt Plains Mill City New Conf North Cdn Oil Nomac Pcrmo Petrol Place Ranger Scurry Rain Spooner West Decalta 5.85 13.87Vi 12.87V2 5.70 3.85 9.25 6.60 11.50 .52 37.25 11.50 fi.OO 7.2G 1.15 32.50 1.70 .92 5.50 8.05 .70 1.35 1.15 13.00 1.80 6.30 40.SO 7.35 14.00 30.50 8.00 8.50 1.00 6.75 MISCELLANEOUS INDUSTRIALS Alco Indus Aquatainc Brit Nfld Cp Cdn Brew A Cdn Hyd Carb Cdn Pac Inv CPR Pfd Cygnus A Cygnus B Cum Prop Gf Cdn Oil Sds Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay OH Hud Bay Oil Hugh Rus Pfd Husky 01] 9.62Vi 4.80 30.00 16.00 25.25 9.25 5.25 6.00 13.50 3.70 28.25 28.50 1.70 U87% 13.75 Musky Oil B Husky Oil War Int Pro Plp'1 Int Util Pfd Inter Steel Jeff Lako Joutel Kaiser Res Kam Kotla Lake Ont Pf Mentor Poc Pete Rank Organ Selkirk Hold Shell Inv Pfd Sicks Rain West Cdn Sd Whtta and Yuk CALGARY Aero! I Anac Pete Barons Oil .0 North Cont .0 Plains Pete West Warner .4 Madison .2 Rexdale .1 PIPELINE STOCKS Alta Gas Tr L A 48.75 Alta Gas Tr L Pfd 76.00 3.05 .66 37.75 16.00 9.50 32.25 2.75 3.40 16.50 1.12 Corp In 5t F 4-40 4.80 Dreyfus F U.S. 11.07 12.13 Gr in Shares 3.02 3.32 Invest Growth 10.16 11.1 Invust Mutual 5.07 5.5< Mutual Ac Mulual Gr I Not Res N W Fin N XV Gr Principal Gr Royfund United Ac Universal SBV Pfd Pfd 24.00 10.25 15.12% 4.80 35.50 Alta Nat Gas Inland Nat Gas N and C Nand C I Gaz Metro Tr Cdn F Tr Cdn F Tr Cdn P Tr Cdn P War 11.50 Westcoast Tr 19.50 Western Pacific 4.85 MUTUAL FUNDS All Cdn Com 6.90 7.54 AM Cdn Divld 7.91 8.64 All Cdn Vent 3.23 3.53 Col Mutual Cmnw Inter Cmnw Lev Corp Invest 65.50 5.53 6.08 11.44 12.54 2.84 3.11 5.05 5.51 VANCOUVER Anuk Arctic Mining Atlas Eplor Belt) Copper 1 Bornite Block Bros Brenda B.C. sugar B.C. Sugar Pfd Capt Inter Churchill Copper Coronation Credit Creslbrook For I Croyden Dynasty Giant Mascot Granlsle Key Incfust Hys Interior Brew Jericho Kamlcops Copper Madrona New Cronln New imp Mines Primer Pyramid silver stand Texmont Westcoast Res Western Explor Utica 4.eo S.JE 46" 6.95 7.60 3.85 A.I 4.53 3.59 3.94 5.12 5.2B 4.33 4.8 7.2. 16.00 16.00 4.00 .92 1.05 4.00 .21 3.40 10.25 30 2.00 500 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quoies) a.m. Quotes) INDUSTRIALS Abltibt Algotna Steel Atco Ind Atlantic Sugar Tel Brazil Trac B.C. Tel Burns B.C. Forest i.C. Sugar CAE Irjd Cdn Brew Cnemcell Col Cellulose Calgary Power Coronation Credit CWN Gas' Pfd Cdn tndust Cdn SS Cdn Marconi Cdn Vlckers Chrysler CPR Comlnco Cons Bathurst Cons Gas. Dist Seagrams Dominion Bridge Domtar Dom Textile Oorn Storej Dome Pete Dofasco Famous Players Ford of Molsons A 7 75 Molsons B 22'' N and C 13.37'A Power Corp Price Co Rofhrnans St Law Corp Shell CDA Simp Simp Sears Steel of Cdn Selkirk A Texaco Tr Gr A Tr Mtn Pipe Tr Cdn Pipe Union Gas Union Oil Versatile Mfq Westeel Union Westons B i-2i Woodwards A W Cdn Seed Ij'm Zenilh Elec 23.37VS BAWS 10 25 Cdn Imperial 19.12'A Montreal 49.00 Nova Scotia 19.25 Royal 14 so Toronto-Dom 12.25 MINES 9.12'A Acms 82.00 Advocate Asb. 23.37W Akaitcho 10.00 Area Mines Belchei 15.25 East Sullivan 15.75 Falcotibridge 15.12% Frobcx 23-75 First MorltlmeS Giant Y.K. 17.37W 64.00 8.25 25.00 16.00 4.35 7.25 5.50 6.00 26.50 1.20 11.00 11.50 27.50 5.50 8.25 12.00 19.00 17.50 9.50 2B.OO 10.25 19.00 34.50 15.50 4.00 3.35 9.00 Gunnar Granduc Headway R.L. Highland .Bell Iron Bay Iso Gt Cdn Oil Sands 3.75 Black Bay Gen Motors 80.50 Bralorne Gt Lakes Paper Broulan Gulf of Cda 20.00 Bethlehem Greyhound Lines 13.50 Brunswick Hawker Sid Huron and Erli Hiram Walker Inmp Oil Imp Tobacco Int Nickel Int Pipe Inv Gr A Int Utilities Indust Ac Laiirentide Kelly Douglas t Loeb Labliw A Stpres 1-85 Canada Tung. cassiar 40.50 central Pat. Chtmo Cons. Rambler Tuv Coin Lake 3500 Cochenour Craigmont 'S'iju, Dickenson Mine s'no Denison Mines Deer Horn D'Eldona Dome Mines 3 75 4'E5 30.00 Massey Ferguson Donalda McMillan Bloedell 26.50 Discovery Mines Moore Corp 33.50 East Malarflc Joliet Quebec Kerr Addison Key Anaron Labrador Lake Leitcr Langis Sliver Macassa Madsen RL Malartic G.F. Martin McNeely Maybrun 19.62'A Meta 51.25 Midrlm 22.50 Intern Mogul 19.62'A New Athona Calumet New Imperial Noranda Northgata Opemiska ,41 Osisko .061A Patino 1.31 pine Point .23TA placer Dev. 14.25 P.C. Exp 4.35 Quebec Man Rayrock R ad lore Rio Algom Roman Corp. Sllverfielrfs .86 Slierritt Gordon ,14'A Silver Miller .45 Steep Rock B.BO Siscoe 1.27 Tek Corp. 23.50 Texmont .06'A Upper Canada .98 Western Mines 60.00 Wright Har. .2016 Wlllroy 1 02 Windfall 1 BO Yellowknife Br. 4.35 18.50 .24 1.05 9.05 1.16 7.00 8.50 36.00 19.25 -IB 1 81 33.00 3.10 1.65 1.20 5.10 .41 1.50 1.97 23.00 2.43 1.61 9.75 .30 1.B5 2B.75 8.TO 9.50 .33 28.50 29.75 29.50 .27 15.00 6.35 1.90 16.00 .07 2.-fO 1.74 6.25 .48 1.87 3 45 V.13 1.33 New York stocks Suppb'ed by Richardson, Securities of Canada T and T a.MVi Montgomery Ward 50 Gold! U7.S9 up JM Anaconda 20.50 Sears 75.25 10 Base Met 88.58 up .16 Mil Steel ZO.fflW Std Oil o! N.J. 71.75 15 W Oils 192.M all .06 'hrysler 27.87V2 Texas Gulf 116.25 Volume 66J.OOO Texas Co 34.S7V4NEW YORK AVERAGES Dupont 128.00 Woolworth 30 Indust 822.91 up .14 '.eneral Motors 79.62V4 Westinohouse Elec 64.75 20 Rails 159.39 up .37 julf 30.25 U.S. Sleel 30.25 15 Utilities 118.48 off .1Y r.f rtarvcstc- 27.00 TORONTO AVERAGES AS Stocks 263.51 up .09 'enn Copper 38.75 20 Indust 172.52 up .76 Volume Oddities in the news DES MOJNES (AP) Five- ear-old Johnny Ray Belew ame through with only "sore ars" after he became wedged eadfirst in his mother's auto- latic washer. Neither Mrs. Belew nor a eighbor could free the boy, ho had climbed between the rasher's side and the centre ag- ator. Neither could three po- cemen. A fire department rescue quad arrived and got Johnny .ay out by cutting through the gitator rath a hacksaw, then reaktag pieces off with pliers until the boy could get out. CHICAGO (AP) It was "Cabdriver's Day" at Mi- chael Reese Hospital to- day as the institution of- fered s. special course for taxi drivers on how to de- liver a baby. Along with free coffee and doughnuts, the hundreds of drivers who showed up got a special pamphlet includ- ing advice like: "Childbirth is not nearly as dangerous as a reckless driver." ORDER GUNSHIPS CANBERRA (Reuter) The Australian government has or- dered 11 U.S. Huey Cobra heli- copter gun ships costing million, Defence Minister Mal- colm Fraser announced. The gunships are produced by Bell Helicopter Co. IRECO INDUSTRIES INC. OF CANADA 1 APPOINTMENT Mr. James C. Courtice, General Manager of Ireco International Operations announces the immediata appointment of Mr, Sam Ayukawo as rales repre- lentative for the company's irrigation and machine di- visions in western Canada. IREGO SAM AYUKAWA G rain price review Winnipeg Grain WINNIPEG (CP) Trading continued extremely light with prices easier through mid-ses- sion of Uie Winnipeg Grain Ex- change today. Pit operations were almost at a standstill. Oilseeds had some continue] commission house liquidation with a little scale down exporter buying. Declines of up to four cents were posted. Domestic shippers were do- ing a light trade in oats and barley while rye was confined to a small volume of inter- month spreading. Friday's volume of trade was bushels of flax, 000 of rapeseed and of rye. Mid-session prices Flax: Dec. 2'A lower 2.42WA, May lower 2.52V4A, July VA lower 2.53B, Oct. not open. Rapeseed Vancouver: Jan. 3 lower March 3'A low- er 2.81'M, May 4% lower 2.75A, July not open. Rapeseed Thunder Bay: Dec. IVz lower 2.G9V2A, April 2 lower June unchanged Oats: Dec. unchanged S7A, Honey price guaranteed OTTAWA (CP) Agriculture Minister H. A. Olson has been authorized by the cabinet to make an agreement with two Alberta honey co-operatives that guarantee initial prices for the producers. The cooperatives are Prairie Honey Co-Operative Ltd. of the Willow Creek Pincher Creek regions and Peace River Honey Producers' Co-operative Ltd. of the Westlock-Legal regions. Water shut off to save supply PETERSBURG Alaska (AP) The city council in Peters- burg decided to take direct ac- tion against water-running of- fenders when a cold snap threatened the city's water sup- ply recently. It shut off the water in order to freeze the pipes of persons who had been running it to keep then- uninsu- lated pipes open. The cold weather had frozen Uie small streams that run into the city's reservoir, and consumption by Petersburg residents soon low- ered the reservoir to about one- :ourth capacity. May lower July, Oct not open. Barley: Dec. unchanged 1.23A, May Vi lower 1.29A, July, Oct. not open. Rye: Dec. 1 lower I.MS, May 1% lower July 1 lower 1.13A, Oct. not open. Coiisioiier prices down OTTAWA prices declined last month in St. John's, Nfld., Winnipeg, Saska- toon and Regina, but rose in seven other principal cities, the Dominion Bureau of Statistics reported today. The city indexes rose In Hall- fax, Saint John, N.B., Montreal, Ottawa, Toronto, Edmonton, Calgary and Vancouver. DBS said movements were mixed in food, housing and do- thing. While food prices fell 1.4 per cent in Winnipeg, they 1.3 per cent in Vancouver. The indexes, based on 1961 prices equalling 100, measure the change in consumer prices in each city independently, and cannot be used to compare liv- ing costs between one city and another. The consumer price index for the country as a whole re- mained unchanged in November at 130.3. Indexes for the princi- pal cities in November, with Oc- lober indexes for comparison, were: St. John's 121.0, down from 121.2; Halifax 124.8, up from 124.3; Saint John 123.9, up from 123.4; Montreal 124.1, up from 123.6; Ottawa 127.6, up from 127.5; Toronto 127.3, up from 127.1; Winnipeg down from 127.1; Saskatoon and Re- gina 121.8, down from 122.1; Ed- monton and Calgary 126.1, up from 125.7; Vancouver 123.9, up from 123.3. Columnist dies at Neiv York NEW YORK (AP) Edward Joseph Mowery, 64, a news- paper man and syndicated col- umnist who won the Pulitzer Prize for local reporting in 1953, died Saturday. He was 64. Mow- ery won the journalism prizs while a reporter for the New York World-Telegram and Sun. During a period of five years he wrote over 70 stories that finally resulted in clearing Louis Hoff-, a penniless Brooklyn clerk who was serving a life sentence for a barroom payroll holdup he never committed. We wish our Mends and patrons a very merry may your holidays ring with good cheer and plenty! CRESTLINE BUILDERS MARKET LTD. "UEWBRIDGE'S INDEPENDENT BUILDING SUWLY HEADQUMTERS" 123 30th Si. N. Phone 327.5444 or 327-5110 ;