Lethbridge Herald, The (Newspaper) - December 21, 1971, Lethbridge, Alberta
Tuesday, December 21, 1971 THE tETHBRIDGE HERALD 19 Market continues steady advance TORONTO (CP) Prices in most major sectors of the To- ronto stock market edged mod- erately higher for the eighth consecutive session in moderate mid-morning trading today. Analysts said they expected some profit-taking in the wake of Monday's sharp advance with some investors selling active trading issues. Tlic industrial index wns up .34 to golds .W to M2.9Z and western nils ..12 to 219.21. Base metals were off .08 to 76.28. Advances outnumbered de- clines 175 to 100 with 190 issues unchanged. Volume by 11 a.m. was 812.000 shares compared wilh 878.000 al OK same time Monday. Beverage, communications, general manufacturing and merchandising issues recorded strong advances. Pipeline, trust and loan and oil refining issues edged frac- tionally lower. Falconbridge was up I3s to S78Ts, Dome Pete 3'ito IJollinger to Numac U to Crush Internal ional to and Occidental Pete "s to Pan Ocean gained to Sll'i, Hudson Bay Jlhiing to MacMillan Elocdd to S25Vz, Sherrilt to Cassiar to and Maclean-Hunter Ltd. A to SB31. Imperial Oil full lo Toronto Star E to S3834, Lake Dufault lo S12'.i, Texas Gulf Sulphur to sis'i and Consoli- dated Textile Mills to PRICES 11' (CP) Prices were up slightly on the Mont- real stock market at mid-day as all sectors except hanks regis- tered small gains in light trad- ing. Combined volume on the Montreal and Canadian stock exchanges was .180.900 shares, compared with 436.700 at the same time Monday. On index, industrials rose .45 to 188.37, utilities .10 to 156.11, papers .76 to 80.85 and the com- posite .28 to Banks fell .05 to 233.90. Highlighting gains, Falcon- bridge advanced 3 to ?78Vz, Con- solidated Bathurst to Dome Petroleum Vz to Crush International to Molson A to and Distill- ers-Seagrams 14 to Vi. Asbestos Corp. fell lo Texaco Canada 5-0 lo Con- solidated Textile to Stiii and Crain Ltd. V'z to ACTIVE TRADE NEW YORK (AP) Stock market prices sagged today under the weight of mild profit taking. Trading was active. The noon Dow Jones average of 30 industrial stocks was off 3..M lo 881.47. Declines held a moderate lead over advances on the New York Stock Exchange. Among C a n a d i a n s on the NYSE, Dome Mines gained 1 to Massey Ferguson was up at and Canadian Pacific was higher at. Mc- Intyre Porcupine WPS down V4 at On the Ames, Canadian Jav- elin and Preston were both ahead at and respec- tively. Toronto mines, industrials (Snppl! led By Jlieliardson Securities of Canada) LAST HID OH SALE a.m. Qui MINES Acme Advocate Asb. Akailt-ho nratorne Groulan Beihhhcm Brunswick Canada Tung. Cassiar Central Pat. Chtmo Con we st Cons. Rambler Coin LaKe Cochonour Craigmant Dlckenson Mine Denison Mines Deer Horn D'Eldona Dome Mines Dona Ida Discovery Mines East Malartic East Sullivan Falrontirldgo Frolic x Marilimns Giari! Y.K. Bovis Granduc Headway R.L. Holttnger Hudson Day M-S Hydra Ex. Ircn Day Jo'lict Quebec Kerr Arlriison Key Anscon La lira dor Lake Shore Madsen R L. Malefic G.F. Martin McNcely Maclntyre Mela Intern Mogul New West Home New Calumet VL Horse Copper Noronda Northgale Nor lex By Gene Fawcette A BATTERY-DRIViNMWI.- TAM 14 87 'A 42.E7V2 3.15 13.25 13.00 2-30 25.75 18.50 31.25 29.75 29.25 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dolicrty, Roadlionse and McCiiaig) LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) WESTERN OILS linex 525 as Easl Gas 5.30 imera Ashland BP Oil Gas Can South Cdn Ex C-os Cdn Home Pfd Cdn Ind Gas 01 Cdn Lont] Is Cdn Super Charier Chiel 42.50 390 Dome Dynamic Pcle C-f Plains Gt Ctfn Oil Lcchei! Mil! Cily New Con! North Cdn Oil Numac Pan Cdn Pole Pan Ocean Pclrol Pinnacle Place Gas PcnriT Panger Hud Bay Oil -15.75 Hud Bay Oil Pfd 55.00 Huch Russel! 20.00 19.00 Husky Oil 11 Husky Oil B Pfd 6.35 Husky Oil War 625 Inter Prov Pipe 3.50 Ir'er PrcV Sled E.75 Kaiser Re 16.55 Lake Dufault 9.13Vj MGF Manaqe .65 Pacific Pete Rainier Co Tetedyne West Cdn Seed White Yukon CALGARY Barons Oil MnrMson -H North Cent .Oi West Warner PIPE LINE STOCKS Mu! Gr Fund Nal Res N.W. Finance N.W. Growth Growth Royfund Tern Growth Un Act 4350 5.3J 8.15 33.50 Savings 12.1 2'A Univest 1.95 Vanguard 30.25 VANCOUVER 2.62'A MINES 5.66 6.2? 4.13 4.53 5.69 5.93 5.19 5.67 4.97 5.46 7.22 7.93 5.35 5.85 10.07 11.OJ Alia Gas Tr A Alia Gas Tr Pfd Alta Nat Gas in Nat Gas -36 Nor and Cent 1.33 Nor find Cent B Gaz Metro Gai Metro A 4.50 Artie Mining mt2yj Atlas Explor Dam Norsemlnes .W Brenda .10W Church Copper .02 Croyiien DankM Dolly VarJen Dynasty Fort Reliance Giant Mascot Grani 50.00 76.00 20.00 17.62 1.02 14.12V2 28.87Va 5.25 66.00 Copner Lyllon Minerals .GEV4 6.70 1.37 .09 ans-Cda Pipe A 67.00 St-CTrans'8r B wJlUAL FUNDS eal Pacific 4.54 Valley Copper West Resources INDUSTRIALS 8.10 8.B5 Block Brothers i All Cdn Divi 9.CM 9.68 B.C. Sugar All Cdn 357 3.90 B.C. Sugar Pfd Amer Gr Fund 6.2.1 6.B5 Cap Inter Crcwsnert In Cygnus A Cygnus B Home A Genstar Home A Home B Hud Bay Co 2.1.75 AGF Special Cdn In Fund 31.75 Cell Mutual Ccmm Inter 25.00 Cornm Lever 25.00 Corp. Invest 5.75 Corp In St Fd Crest Forest Ind 4.73 5.19 Grower's B 6.05 6.6J Key Industries 13.12 14.42 Hys 337 3 70 Inter Brew 5.60 6.12 Inter Mariner [.81 5.24 Okan Helicopter 3.10 19.12} 16.50 5.75 3.90 3.65 .20 5.67li Drey Fund U.S. 12.36 13.55 Pac West A 32. Gr In Share 12.371.1 Gr Equity 3250 In Gr Fund Inv Mutuual 19.12V3 Mut. Accuirm 3.42 3.76 Stam Int'l Res 6.25 6.B6 OILS 11.00 12.03 Albany OMs 5.37 5.88 Plains Pete 5.28 5.80 wesl Explorations New Yorfe stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Beiri Steel Chrysler Comsat Dupcnt Ge-n Me tors Gulf Int Harvester Kcnn Copper Mont Ward 100 00 20 Golds 1J3.14 uup .31 73.55 10 Case Met 76.65 up .27 15 Oils 219.03 up .3-1 3300 53.12'A NEW YORK AVERAGES ________ 17.3! 30 Ind 162.CO down .01 50 Westinghousc Elec 46.75 20 Rails 239.55 down 1.77 -7'- U.S. Sleel 3T.37VI 15 util 112.22 down .03 29.63V Sears Std Oil of N.J. Texas Gulf 23.75 TexGS Co Wicks Ccrp 1.10.00 Canadas economy outlook bright "While some residual uncer- tainties are expected to luiger in buyer attitudes the up- ward trend should be well es- tablished and our economic picture will strengthen (rumen- LONDON (AP) The deval- ed U.S. dollar weathered ils irst test in the foreign cx- anges in good shape today, veil above Its new parity val- but it was edging vards at Hie close in most mar- ;els. At one point Uie Italian state >ank was forced to start selling TORONTO AVERAGES 30 Ind CB1.J7 down 3.54 65 stocks down 1.36 Volume Grain prices Winnipeg Grain WINNIPEG y light local and commission wuse trading pushed raposeed >rices down slightly at mid- ession on the Winnipeg Grain Ixchange today. Other commodities were barely active ajid featureless. Volumne of trade Monday vas bushels of flax, of rapeseed and 000 of rye. PRICES Flax: Dec. lower 2.31'iB; May Vz lower July 1 ower 2.41'iB. Rapeseed Vancouver: Jan. lower 2.53-14B, March ower June lower Rapeseed Tliunder Bay: Dec. :s lower May 1 lower 2.47'.zB, July lower 2.473.'iB. Oats: Dec. unchanged May lower 67-laA, July un- changed Barley: Dec. unchanged 1.07A, May Vs higher 1.03's, July not open. Rye: Dec. unchanged May higher July lower Grain quotes Monday (basis High Low Close Flax Dec. 234ii 232 May 244 211 Z41 Jly _ 242% Rapeseed Vancouver Jan 253 25514 255', s Mar 261'4 258 258 June 2G03i 259's Rapcscuil Thunder Bay Dec 241 240 May 25014 24812 Jly 2-19 Oils Dec 63 6214 May C7V2 6714 Jly" Barley Dec 107 May 103% 10814 Jly" 103 Rye Dec 9414 May 10114 100 100 Jly 103-li dollars to bring down ifs value. The dollar also hit its ceiling level briefly in Tokyo. The amount of dollars traded ranged from small to normal in most European exchanges but Zurich dealers described busi- ness as lively. There was no sign, however, of heavy purchases of dollars by peculators reaping their profits on the pounds, marks and guild- ers they had bought in recent months. CLOSED LOWEll Tlic dollar closed below ils highest points of the day in Lon- don, Frankfurt, Paris, Zurich, Milan and Brussels but the clos- ing in Amsterdam was at the high ci 3.274375 guilders. The new parity for the dollar set by the Dutch government last night is 3.2447 guilders. The West German govern- ment ended the floating of the mark that began last May 10 and anchored it firmly to the fixed new parity of 3.2225 marks to one dollar. Examples of the dollar's per- formance: "In London, changes In the value were few hi'ji- dredths of a British pence. MARK CHANGES In Frankfurt, the dollar opened at 3.2625 marks and closed at In Zurich, with a new parity of 3.84 Swiss francs, the dollar opened at francs anc closed at 3.378725. lously as the year ic said in a prepared state- ment. "There arc signs of wide- spread r e v i t a 1 i a tion and strong trends indicating the start of a positive recovery, one of which is the sharp re- vival of consumer spending in which appears to lie con- said the president of Principal Savings and Trust Co., which, with its sub- sidiaries, has assets of mil- lion. The recovery in consumer confidence would be sustained as federal income tax cuts look hold. 'Credit is much easier to ob- tain and as employment begins to pick up, consumer confidence will no doubt con- tinue to take steps forward." While inflation continues, ihc slackening in price pressures will help imp.ut some stabiliiy in the new year, lie- said. "Another'cause for optimism ;s in tlic recuperation of cor- porate profits. The business section has been through an in- credible three years of rising costs, extremely high taxes, squeezed liquidity, reduced earnings and iwisiponeinents of new investments in machinery and equipment. Fined in tax case CALGARY (CP) Arpad V. Berdin, 37, was fined in provincial court en five charges arising from income tax evasion between January, 1967, and March, 1971. He was fined for evad- ing payment of in tax and on each of three charges of making false state- ments in an income tax state- ment. He also faced a pint charge with Apri's Heating Ltd., of which he is the controlling shareholder, of evading pay- ment on in tax and each was fined No bonuses at Chrysler DETROIT (AP Chrysler Corp. will not send out year- end bonuses this year, a com- pany sjKikesman said here. Despite the company's return lo showing profits in 1971, its anticipated earnings for tho year will not match the mini- mum figure required for dis- tribution of the bonuses. "It's in the company by- the spokesman said. "It's a mathematical formula." The minimum requirement is earnings in excess of a share. Based Chrysler's earnings of 97 cents a share for the first Ihrcc quarters of 1971, investment analysts are pro- jecting profits of about a share this year. Chrysler's bonus roll, which was trimmed to about salaried personnel from earlier this year, was notified of the action "about 60 days ago." the spokesman said. The last year the company declared a year end bonus was when its earnings were S5.49 a share. That year 4.172 persons shared mil- lion, of which nearly -'5 million went to 40 top officers. Beef futures WINNIPEG (CP) beef futures close Monday. jan. _ 34.30B: :i4.30X Mar 33.SOB; 33.2'IB; May 32.90B. Friday's v p 1 u in e: No con- tracts. DOWNTOWN 606-608 3rd Ave. S. Phone 327-5767 Livestock report Lethbridge Livestock AFTERNOON SALE Monday sales 1.050 hogs. All classes o[ weaner and feeder hogs met very good demand. Weaners sold steady to strong. Light feeders under 100 Ibs. steady to per head higher; heavy feeders over 100 Ibs. Sl- S2 higher. Weaners 7-13. Light feeders under 100 Ibs 13.25-19; heavy feeders 100-130 Ibs 22.75- 26; heavy feeders over 130 Ibs 27-34. All prices per head. Light feeders under 100 Ibs sold from 22-26 per ovt. Heavy feeders over 100 Ibs 19-22.50 per cut. Butcher hogs sold Monday at (he Lethbridge yards 23.80-23.95 base price. Calgary livestock CALGARY (CD-Tuesday's receipts at the Calgary public livnslnck nvurke! of "2o hend were nioslly slniighter steers and cows. Trade strong and active. Slaughter steers sold fully steady. Heifers were in short supply selling steady with choice trained steers. Cows sold steady with sales to 23.50. Bulls steady. Choice steers 33.75 to 34.40; good 32.50 to 33.50: medium 31.25 to 32.25. Choice heifers 31.75 to 32.20; good 30.50 to 31.50; m-diurn 29 to 30.25. Good cows 22.25 to 23; medium 20.50 to 22; canners and cutters 17 to 20. Good bulls 23.50 to 25. Replacement cattle were mostly short keep steers and heifers selling at steady prices. There wore no stock calves on offer. Good1 feeder steers under 750 pounds 35 to X, over 750 pounds 33 to 35.80. Good feeder heifers over COO pounds 30 to 32.50. Good stock and feeder cows 21 to 24. Hogs fob Calgary to 11 a.m. average base price 23.35. Split contracts for Mica Dam SOOKE, B.C. (CP) A Rus- sian and a Japanese firm will split million worth of con- tracts for turbines for the Mica Dam on the Columbia River, Gordon Shrum, chair- man of British Columbia Hydro and Power Authority, an- nounced here. The state owned Russian firm, Energomach, and Hitachi Co. of Japan will each build two turbines to be installed at the dam, 80 miles north of Rcvelstoke, B.C. MAKE YOUR SELECTION NOW WHILE STOCKS ARE COMPLETE DON'T FORGET BATTERIES FOR BATTERY OPERATED TOYS CALL FOR FREE DELlVERYl Complete with No. 409 bai- rriode from a lough cord- ahide pclyelhylene. The lan- tern is waterproof and floats, complete with carrying strop. EVEREADY Complete with 731 battery, multi-purpose light for camp- Reg. 12.95 rf A 5Q SPECIAL..... EVEREADY Complete with 731 battery. Canada's foremost camping lantern, complete wtlri red flasher. Reg. 15.45. SPECIAL NEW TREASURER WASHINGTON (AP) Ro- mana Banuclos was sworn in here as the 34th treasurer of the United Slates. Mrs. Banue- los will be responsible for ad- ministering the flow of Ameri- can currency within the U.S. economy. DON KfRKHAM INSURANCE AGENCIES LTD. This is to announce ihot Mr. John Gullion is no longer with my agency as he has moved to Vancouver. I am now back running my own business after a lengthy illness of two years and hear! surgery. I promise to give you the finest service available to which you are usually accustomed. Afprry Clirislmns find n llountifiil JVVw VVw to everyone from my sol f, Mrs. Vora Leigh ton, steno and office manager, and Rosilind Kirk- ham, bookkeeper. DON KIRK HAM 308 9th St. S. Phone 328-1228 EVEREADY D SIZE EVEREADY NO. 60 MAGNETIC FLASHLIGHT OFFER BATTERIES Excellent for Toys nnd Games Complete withm 2-950 bat- lory. A tasloful design magnet flashlight with chromebrite finish. Reg. 2.59, SPECIAL EVEREADY MODEL 100 Complete wilh No. 731 bollery. A weatherproof Innfern for camping, boating and car. Complete wilh 731 ballery. ideal for thr cor. Reg. 15.95 4 O.95 SPECIAL ALSO A COMPLETE LINE OF FLASHLIGHTS AND BATTERIES FOR ALL YOUR HOLIDAY NEEDS CONVENIENT TERMS Iho your chntgn card or Own Clinrgo Plan. Q DOWNTOWN 606-608 3rd Avo. S. Phono 337-5767 Open Until 9 p.m. Tups., Wrrl., Tnutv, nnd p.m. friday.