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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 23, 1971, Lethbridge, Alberta Market lower in light trade TORONTO (CP) Base met- als edged fractionally higher while prices in other major sec- tors of the Toronto stock market moved lower in light mid-morn- ing trading today. The decline interrupts nine consecutive advancing sessions. The industrial index was down .36 to 183.76, golds .03 to 143.47 and western oils 1.50 to 218.16. Base metals rose .08 to 77.04. One analyst said the market is moving lower under pressure from profit-taking. Volume by 11 a.m. shares, down from at the same time Wednesday. Declines outnumbered a d- vances 114 to 97 with 192 issues unchanged. Chemical, oil refining, in- dustrial mining, merchandising and trust and loan issues recorded declines. Beverage, communications, steel and util- ity issues posted moderate gains. Noranda fell '-i to S32U, Dome Pete to Toronto Star B to OTi, Sherritt to Canadian Export Gas 20 cents to and Dynasty 10 cents to Ocean Cement climbed 3s to S30, While Pash and Yukon to Pan Ocean to ?12, Baton Broadcasting Vt to and Supertest ordinary Vt to MONTREAL (CP) Prices dropped slightly in light mid- day trading today as all sectors except utilities declined frac- tionally on the Montreal stock market. By Gene Fawcetle MOTORCYCLE OWNERS CAN NOW HAVE PROTECTION 06AINST THEFT WITH A COWftCT ALARM ANP POCKET RECEIVER. IF THE MACHINE IS DISTURBED, A HIGH-LEVEL PULSATING ALARM IS SOUNDED WHILE A SIGNAL ISTRANISMITTEP TOTHE CYCLISTS PORTABLE RECEIVER... Combined volume on the Montreal and Canadian stock exchanges was shares, compared with at tte same time Wednesday. On index, industrials were clown .11 to 188.83, banks .55 to 233.25, papers .08 to 80.94 and the composite .12 to 187.71. Utili- ties rose .03 to 157.18. On the Montreal exchange, Guaranty Trust rose 1 to and Crown Zcllerbach to Crown Zellerbach Canada Ltd. of Vancouver announced plans Wednesday to establish a nation-wide chain of retail stores to serve Canada's home improvement market. Koffler Stores fell 7s to S15, Peoples Stores to Hud- son's Bay Oil to and Pacific Petroleum lk to SSlii. NEW YORK (AP) The stock market gave ground again today as it succumbed to profit- taking pressures. Trading was moderately active. The noon Dow Jones average of 30 industrials was off 3.76 at 881.10. Declines led advances on the New York Slock Exchange by nearly 2 to 1. Among Canadians Distillers Seagrams was up to ?33% and Walker Goodcrham Vi to Off Vt were Interna- tional Nickel at Massey at and Genstar Ltd. at On the American Stock Ex- change, Scurry Rainbow Oil lost at PtATC MOUNT ON 4IW TyPCOFKMD OtVf 343 St. SI. I Sugar refinery profit higher VANCOUVER (CP) B.C. Sugar Refinery Ltd. reports consolidated profit increased to ot per share, in the fiscal year ended Sept. 30 from or per share, for the same period in 1970. Sales of the company and subsidiaries increased to million from million a year earlier. On Nov. 24, the directors ap- proved a regular quarterly dividend on the common stock of 20 cents per share plus an extra dividend of 20 cents pay- cble on Jan. 24 to shareholders of record on Jan. 7. SEPARATED BLACKS South Africa has relocated mere than blacks during the last seven years in its pro- gram of "separate develop- ment" for different racial groups, the government reports. The Golden Mile Senior Citizens Centre WILL BE OPEN CHRISTMAS DAY, DEC. 25th 10 o.m. to 4 p.m. SUNDAY, DEC. 26th 1 p.m. to 5 p.m. MONDAY, DEC. 27th 10 a.m. to 4 p.m. ALL ARE WELCOME In the true and heaTty spirit ol an old-lashioned Christmas, we wish you the best, and thank you warmly. THE MANAGEMENT AND STAFF OF 706 3rd AVE. S. INSURAMCI MANAGHS IROKIRS AGINTS LETHBRIDGE Toronto Industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE 3.10 1.53 a.m. Quotes) MINES Acme Advocate Asb. 1.75 Akaltcho .38 Bralorne 1.70 Broulan ,21 Bethlehem Brunswick Canada Tung. Casslar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dlckenson Mine Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines Eest Malarfifi East Sullivan Falconbridge a.m. Quotes) a.m. Quotes) Operniska Oslsko Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algol 18.62V3 Roman Corp. .77 24.00 36.00 71 15. mi 6.10 Frobex First Maritime! Giant Y.K. Bovls. Granduc Headway R.L. Hoi linger .90 3.67 81.CO .33 4.30 6.00 36.50 Hudson Bay M-S 20.75 Hydra Ex. Iron Bay ISO Jollst Quebec Kerr Addison Key Anacon Labrador Lake Shore Langls Stiver Madsen R.L. Malartic G.F. Martin McNeely Maclnlyre Wieta Midrim Intern Mogul New West Home New Athona New Calumet W. Horse- Copper Noranda Northgate Norlex .16Vi 3.15 1.32 .10 .20 1.70 4.75 -25 Silver Miller .04 Steep Rock 2.2.1 Tek Corp. 4.75 Texmont .38 Upper Canada 1-70 Western Mines 2.4fi Wriqrit Hargreaves 1.15 i Yellowk'nlfe Bear Zenmac INDUSTRIALS Abiiibi Alcan Algoma Steel Atco Ind Allan Sugar Agra Indus! Bell Tel Brazil Trac B.C.. Tel Burns B.C. Forest B.C. Sugar Bow Valley CAE Ind Cdn Brew C hem cell Col Cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indus! Canda S S Cdn Marconi Cdn Vlckers Chrysler CPR Comlnco Cons Bath Cons Gas C.W.N. Ges Dist Sea Dom Bridge Domtar Dom Stores Dome Pete Doiasco CAB Fd of Amer Gt Cdn Oil Gen Motors G! Lakes Pap Gulf Oil Cda Greyhound Sid Huron, Erip Hiram Walk Imperial Oil Imosca tnt Nickel Inl Pipe Uw Gp A Int Utilities Indus! Accept .09 Laurentide Kelly Doug A .05'A Loeb Loblaw A Metro Stores 7.25 Massey Ferg 18.B7V2 McMillan Bloe 13.50 Moore Corp Moisons A 6.25 Mclsons 0 9.62Va North, Cent 46.00 Power Corp IB 62Vi Price Co 6400 Rothmans 12.75 St Law Corp 19.75 Shell CDA 19 37l'j Simpson's 28.25 Simp Sears 4 so Steel of Can Selkirk A 1.35 Texaco 135 Traders Gp A 27 50 Trans Mtn Pp 1.15 Trans Can Pp 11.12V3 Union Gas 1300 Union Oil Versatile Mfg West eel Union Car Weston's B Woodward's A West Cdn Sd 34.00 25.00 14.12V'j 71.25 5.40 79.50 17.50 35.62W 2.40 25.00 J2.SO 19.B7V; 22.75 42.75 19.50 dn.OO 2.95 9.00 29.00 13.75 22.62V 7 50 Zenith Elec BANKS 21.00 can Imperial 31.37V2 Montreal 21.25 Nova Scotia 12.25 Royal 15.00 Tor-Dom 37. CO 21.75 27.CO 26.62'.'v 16.25 34.50 15.75 20.50 34.00 l4.62V'j A ,00 .25 1 .00 1 .62Vi 1 .75 2 .75 .45 2.40 25.75 16.62VJ 31.12Vi 29.62V: Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. Roadhouse and McCuaig) LAST BID OR SALE a.m. Quotes) WESTERN OILS tlminex 5.30 Ufa East Gas 5.30 1B.OO 12.00 6.15 6.15 3.40 8.50 16.25 .65 44.IK) 5.50 8.25 33.50 1.09 29.00 5.25 1.50 2.21 .75 5.75 12.75 15.35 12.00 .40 Asamera Ashland BP Oil G35 Can South Cdn Ex Gas Cdn Homesfd Cdn Home Pfd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chleftan Dome Pete Dynamic Peti Gt Plains Gt Cdn Oil Locheil Mill City New Con! Nrofh Cdn Oil Numac Pan Cdn Pete Pan Ccean Permo Petrel Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Seibens Total Ulster West Decalta West Pete 10. MISCELLANEOUS INDUSTRIES Aqualalne Brinco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnest Ind Cygnus A Cygnus B Home A Hud Bay Co Hud Bay Oil a.m. Quotes) Hud Bay Oil Pfd 55.50 Hugh Russell 20.W Husky Oil 16.25 Husky Oil B -13.00 Husky Oil War 6.75 Infer Prov Pipe 14.75 Inter Prov Steel Kaiser Res Lake Dufault MGF Managt a.m. Quotes} 9.1 ZVi Pacific Pete Rainier Co Teledyne West Cdn Seed White Yukon iu-" CALGARY Acrolt Barons Oil .041 Madison -11 North Cont -02 West Warner .47 PIPE LINE STOCKS Alfa Gas Tr A 50.00 Alta Gas Tr Pfd 76.50 Alta Nat Gas 20.00 In Nat Gas Nor and Cent Nor end Cent B Pac Gas Trans Gaz Metro Ga; Metro A TransCda Pipe ,s-Cda Pipe B ftAut Accum Mu) Gr Fund Hal Resources M W Finance N.W. Growth ____ Prlnc Growth 7.62H) Royfuhd 3.95 Temp Gr 12.00 Un Accum 1 95 Un Savings 31 25 Vanguard 2.67'A VANCOUVER 4.70 MINES 5.31 5.B4 4.98 5.48 6.79 7.42 4.4? 4.93 5.67 6.23 4.14 4.50 5.71 5.94 5.22 5.70 4.99 5.48 7.27 7.9B 10.14 11.11 Artie Mining Atlas Explor Bath Norse Brenda Church Copper Croyden Dankoe Doily varden nvnasty Fort Reliance iuuu Giant Mascot Granisle 1375 Kam Copper 23.50 J2.75 Lyltcn Mm 5.50 Primer 67.00 36.12Vi Sllver S'an J2.50 Tcxmont 6.25 1.45 MUTUAL FUNDS All Cdn Com 8.16 E.92 Block Brothers All Cdn Divi 9.10 9.95 B.C. Sugar All Cdn Vent 3.5B 3.91 B.C. Suoar Pfd Amer Gr Fund 6.27 6.89 Cap Inter 54.37'A AGF Special 3.01 Crest Forest Ind 5.75 cdn Invest Fd 4.74 5.20 Key industries 32.00 Coll Mutual 6.0? 6.69 Hys 36.SO Comm Inter 13.30 14.67 Inter Brew 2J.25 Comm Lever 3.41 3.75 Inter Mariner 26.00 Corp Invest 5.62 6.150k Helicopter 5.62V'a Corp In St Fd 4.86 5.32 Pac West Air 6.00 Drey Fd U.S. 12.34 13.52 Stam Int'l Res 33.00 Gr In Shares 3.45 3.88 OILS 32.50 Gr Equity 6.27 6.89 Albany Oils 18.87Vi In Gr Fd 11.23 12.27 Plains Pete 45.50 In Mutual 5.97 West Explor .25 7.70 S 3.00 19.12'A 16.50 6.00 3.90 .20 3.00 3.40 .63 New York stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont Gen Motors Gulf Int Harvester Kenn Copper Mont Ward 43.12V2 Sears 14.87V3 Sfd Oil of N.J. 29.25 Texas Gull 29.B7W Texas Co 60.50 Wicks Corp I44.62W Woolworth HQ.12V3 West Electric 26-lZVJ u.s. stee) 100.00 20 Golds 143.45 off .05 10 Base Met 77.07 up .11 114.50 15 West Oils 717.73 Off 1.93 Volume NEW YORK AVERAGES 30 Ind 881.10 off 3.76 20 Rails 238.26 Off 1.54 30.75 15 Uttl 113.19 Up .04 TORONTO AVERAGES 65 Stocks 303.82 Off 22.25 20 Ind 183.30 off .82 Volume Grain price review Winnipeg Grain WINNIPEG (CP) The Winnipeg Grain Exchange had a light holiday market to the mitt-session today and jr.ost prices remained near previous close levels. Wednesday's volume cf trade bushels of flax. OOC of rye and of rape- seed. Mid-session prices Flax: Dec. unchanged May i.i higher 2.44, July un- changed 2.45'.i. Rapeseed Vancouver; Jan. '-i lower 2.51U, March un- changed 2.55U, June lower Rape seed Thunder Bay: Dec. louer S.MVJ, May lower 2.47, July unchanged 2.47U'. Oiits: Dec. unchanged 63'i, May Vi lower 67Vi, July un- changed 67-H. Barley: Dec. 'i lower May unchanged July unchanged Rye: Dec. lower May 3s lower 1.00V4. July not open. High Low Close Dec 235% May 243 243% Jly Raposced Vancouver Jan 25312 25U4 Mar 257U 255! a 2551Ji June 257% 257 2573s Hapesced Thunder Bay Dec May 218 _ i Oals Dec (13'-j May 671-i Jly Barley Dec iofiM May ins Kyc May 101 233% 247% 67-n lOfi'4 1077a 238% 24714 247'2 67% TOG 107's 95 LEASE... From your Franchisor) New Car Dealer Better Service Facilities More Flexible leasing Regular Warranty Inspections Better choice of models Plans I Your lease can include maintenance, licence, and insurance INQUIRE NOW INTO THE ADVANTAGES OF LEASING OVER BUYING Contact BORIS KORESHENKOV Beny Automotive Enterprises Ltd. 2 Avenue and 8th Street S. Phono 327-3147 Lethbridge Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m., were about 250 head particularly all year- ling steers and cows. Trade was active. Slaughter cattle offered were mostly mixed grades of cows with prices fully steady to 23.70. A few good and medium slaughter heifers were steady at 29 to Good slaughter cows 22.25 to 23, medium 20.50 to 22, canners and cutlers 17 to 20. Replacement cattle were mostly yearling steers weigh- ing 750 to 850 pounds and sell- ing at steady prices. A few good stock heifer calves were steady. Good feeder steers 33 to 36.50, good feeder heifers 30 to 33.10. Good stock heifers calves 33 to 36. No togs sold to 11 a.m. Thursday, December 23, 1971 THE LETHBRIDGE HERALD 10 Bank puts up cash for hockey club Crimes compensation board turns clown few claims CALGARY (CP) The Al- berta Crimes Compensation Board has considered about 160 applications since it was form- ed Oct. 1, 1969 and has turned down about five per cent of the claims, board member Ernest S. Watkins said here. Mr. Watkins, a Calgary law- yer, said in an interview he can't recall anyone trying to defraud the board (such action is punishable by fines of up to Simpson Ltd. plans big ad program TORONTO (CP) Bscord advertising spending is planned by the Robert Simpson Co. Ltd. department stores as the chain celebrates its 100th anniversary in 1972, company officials say. Amount of the advertising spending was not revealed. The advertising program jumped the gun a little on the year this week in daily news- papers in Toronto, Halifax, Montreal. London, Ont., and Re- gma, cities in which Simpson stores are located. About 30 different advertise- ments are scheduled to run be- fore Jan. 1 in the five cities. They use a theme of nostalgia, relating events in Canadian his- tory since 1872 to the develop- ment of Simpson's since that year. On Jan. 1, the first of a series of six Mi-color advertisements is scheduled to run, promoting the first of 250 centennial-year specials. These' are products specially purchased and priced for the anniversary year. but "some were a little optimistic." The most any claim had been cut down was 50 per cent. Most of Uie oases coming be- fore the board, he said, "ar- rive out of trouble in the beer parlor." LARGEST AWARD The largest single award made was to a man whose leg was amputated after being broken when he attempt- ed to stop a husband from beat- ing his wife. Mr. Watkins said the money was to pay for the man's re- education so he could make a living despite his handicap. The other members of the board are chairman George J. Bryan, an Edmonton lawyer, and Dr. Boris A. Nahornick, a medical doctor. The board sits about four days a month and considers about six cases a day. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 24.00, average Wednesday 23.87. Deer: 24.05, average Wednesday 23.93. Calgary: 24.20, average Wed- nesday 23.93. Lethbridge: No sales, aver- age Wednesday 23.90. Lloydminster: No sales to day or Wednesday. Grande Prairie: No sales to- day or Wednesday. Total hogs sold 150. Total hogs sold Wednesday av- erage 23.89. Soft's average 14.35. VANCOUVER (CP) The Bank of British Columbia Wed- nesday took over the purse- strings of the Vancouver Ca- nucks. in return for lending the Na- tional Hockey League club's parent organization mil- lion to pay off a debt to Capozzi family of B.C., the bank got a director on the board. Directors of North w est Sports Enterprises LM. cor- porate name of the now will be Tom Scallen and Lyman Walters from Minneap- j olis based Medicor, tire parent group, Vancouver businessmen Cy McLean and Coley Hall, and one director from the bank. Herb Capozzi, who negotiated j his family's original loan to Medicor, said the loan is being repaid with the funds now go- ing to Medicor from the Bank of B.C. The Capozzis also receive 999 shares of Northwest Sports, j under a clause in their loan: agreement, at a price of each, considerably less than market price. Mr. Capozzi said Medicor paid a share to the four Ca- nadians McLean, Hall, Mai Bell and Frank McMahon who held them originally. Grain firm sale rumor is denied Band boosters CARDSTON (HNS) High school band parents committee named Mrs. Doreen Carlson president; Mrs. Blanche Rus- sell, vice-president; and Mrs. Alice Smith, secretary. Mrs. Irene Rothe was re-elect- ed treasurer. Mrs. Rula Smith of Hillspring will represent the parents from that area. William Nelson, band instruc- tor, outlined the planned activi- ties. Two festivals ?fo coming up, Lethbridge in April and one at Banff in May. FIRST ACCOUNTANT The first person definitely presumed to have practised public accounting on a full-time basis in Western Europe was George A. Watson, bom in 1645 in Edinburgh. WINNIPEG (CP) The president of Federal Gra'n Ltd., George H. Sellers, has sent a letter to employees deny- ing recent rumors that the company intends to sell its grain assets. In the letter, Mr. Sellers said the need for "rationalization" of the Web'.em Canadian grain industry has led the company into discussions with other or- ganizations, out of which have emerged exchanges of individ- ual elevators. However, "the company has not entered into any agreement nor received any definitive pro- posal, nor have "the directors of the company discussed or ap- proved any proposal for sale of all, or substantially all, of tho company's grain assets." Federal Grain is the largest private grain handling com- pany in Canada. In addition to some country elevators, the company owns terminal fa- cilities at Vancouver and ThuD- der Bay and has subsidiary op- erations which include food processing, aircraft' repair and a bulk loading terminal at Van- Beef futures WINNIPEG (CP) beef futures close Wednesday. .Ian 34.50; Mar 33.50; May 32.90. Tuesday's volume: Two con- tracts. MOST BRITISH-MADE More racing and sports cars have been built in Britain than in any other country. rcccssnc etn afofroM a 1003 4th Avenue S., lethbridge Telephone 328-4426 Wooteo QUALITY WOOLCO FILM FOR CHRISTMAS PICTURE-TAKING Woolco 35mm Colour Slide Film Woolco Colour Print Film sharp piclurei Higher film speed giv lhat are perfect for the Christmas season I 20 ex- posures, processing includ- ed. 2.87 you brighter colours under more difficult conditions. 12 exposure cartridge- load. 1.09 Each Each Open Thursday 9 a.m. to 9 p.m.; Fridoy 9 a.m. to 6 p.m. Closed Christmas Day and Boxing Day, Dec. 25 and 27 College Shopping Mall 2025 Mayor Magrath Drive SOLVE YOUR LATE SHOPPING GIFT PROBLEMS WITH TICKETS TO THE 19thANNUAL SATURDAY, FEB. 5th Tickets on salo at: MARCELS, BOYER5, ART WILUAMS cind KINSMEN CLUB MEMBERS ;