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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 1, 1971, Lethbridge, Alberta February 1, THE IETHBRIDCE HERALD 13 Market prices slightly lower TORONTO (CP) The To-! rooto stock market turned mixed to fractionally lower in light mid-morning trading today. On index, industrials lost .09 to 178.03. Golds rose .09 to 162.92, base metals .42 to 92.60 and western oils 1.20 to 203.66. Volume by 11 a.m. was shares, compared with at the same time Friday. Gains outnumbered losses 110 to 95 with 162 issues unchanged. Weakest sectors were bever- ages and food processing. Com- munications led advancing groups. Erie Diversified was down 1 'to OSF Industries to Inco K to Bell to Ford of Canada %to New Imperial 10 cents to and Opemiska 10 cents to Unas Investments rose ?4 to Husky Oil to Jockey Club to S6V4, Lake Dufault to Hudson Bay Mining to Bethlehem ?s to Banff to and Great Canadian Oil Sands 30 cents to LIGHT TRADE MONTREAL (CP) All sec- tors moved lower in light early trading today on the Montreal stock market. The composite index was off .13 to 175.09. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 a.m. compared with at the same time Friday. Banks, down .46 to 176.96, led the decline on index. Industrials were off .05 to 180.15, utilities .20 to 152.14, and papers .35 to 93.26. Dominion Glass was off SI to while Interprovincial Pipe- line dropped Vt to Banque Canadienne Nationale dropped Va to with the Bank, of Nova Scotia gaining Vs to Domfar Ltd., which reports a 12 per cent drop in consolidated net income for the year ended Dec. 31, 1970, remained steady. The company said earnings to- talled million, or per common share, compared with million or per common share in 1969. TransCanada PipeLine gained to Broder Chemical to and Southam to -60. TRADE HEAVY NEW YORK (AP) The stock market showed strong re- sistance today to pressures for a downward readjustment. Buy- ing interest perked up prices .de- spite continued profit-taking. Trading was heavy. At noon, the Dow Jones aver- age of 30 industrial stocks was up 4.58 at 873.08. Among Canadian issues Cana- dian Pacific was up ?'a at Up were Distillers Seagrams at Granby at and Massey Ferguson at Walker Gooderham was off Vi at On the American Stock Ex- change, Molybdenite Canada was up at Canadian Javelin tacked on Vi at and Jupiter Corp. Vt at Scurry Rainbow Oil was up Vt Miscellaneous quotations ILivestock campaigns VdKMuiuor fnkuirv Montreal A L C1 Vancouver, Calgary, Montreal (Supphed by Doherty, Koadnouse and McCuaig) LAST BIO OK SALS OOOWS) m. Out WCSTEKN OILS Alti East Alminex Asamcra Banff BP Oil Gas Can South Cdn Ex Ashlvtd Cdn Homestt Cdn Ind Gas 01! Cdn Long is Cdn Suser Cen Del Rio Charter Chiettan Dome Pete Dynamic Pete Gt Plains Mill City New Cent North Cdn Oil NumftC Per mo Peirol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner W. DecBlta 5M 5.45 14.50 13.03 S.75 SM .44 38.12'A 12.25 6.75 7.35 K5.87V? US 30.50 1.59 .84 7.15 7.65 .70 1.30 .87 1.32 .62 15.50 23.75 Hod Bay OH Pf Corp Invest 5.35 5.8S i AS, f j Intl Ulit Gr Equity S.99 4.S tnter Steet gj- invest Murual 7.25 Mutual Ac 1.12 Mutual Gr F 2.M Nat Res 2.45 N W Fin .76 N W Gr Principal Gr Royfund 17.35 United Ac 1125 Universal Sav 33.3714 VANCOUVER 33.25 14 OQ Arctic Mining 3.13'A Atlas Explor 3 So Bfcih Ccpcer 17.00 Bornite Ridge Block Bros S> Brenda .C9'.'s 3.C. Sugar 06'> B.C. Sugar Pfd Inter Jefferson joutel Kaiser Res Kam Kola L Ont Port Cem MGF Manage Mentor Newconex Pacific Pete Rank Org Selk Hold Shell Inv Shell Inv Pfd Shell Inv WIL Sick Rainier West Cdn Seed White YuK CALGARY Acroll Ana Pete Barons Oil North Cont Plains Pete West Warner Madison Rexdale lfl.54 11.54 5.22 5-71 5-12 5.i3 7.18 7.85 4.31 5.10 5.60 3.94 4.34 5.33 5.49 4.57 5.02 7.78 13.62Vj -as slow, but fairly active on replacements. Slaughter steers were scarce and steady with last week's i close. Slaughter heifers around i S75 pounds were 60 cents lower; cows were mostly me- dium and canner kinds with Lethbndge Livestock NO SALE Calgary Livestock CALGARY (CP) On offer to 11 ajn., about 325 head; mostly replacement cattle and, mwiilim lo.vcr cows. Trade on slaughter cattle! have rough time Farmer-owned firm formed i and canner kinds j bulls offered. By THE CANADIAN PRESS Before the 1970 United Appeal campaign started, economists warned that tight nt and The appeal in Calgsrv sclic- ited Sl.505.tW. ueli sum of its i.s-miMion goal. Officials in K'Jniomon said city surpassed its goal in REGINA (CP) The corn- sluggish economy would make 1970 for the firs! time in three Choice slaughter steers difficult collecting The to 31 80 good 30.50 to 31.25. me- i Few Canadian cities reached goal was Si .803. ,29 riium w> to 30 25 Choice heaw tne Soals United I Vancouver rawed tetos 28 toM70 27M Appeal officials, but many col-1 or 91.9 per cam of its mil- to 28.25 Choice heaw heifers I more money than in lionjoal to 28.70, good 27.50 to IMS. Odicials 23.50 Churchill Copper Col Cellulose Coronation Credit 16.25 4.10 1.00 675 1.50 Cresthrook For I 6.00 Alcan Aluminum income down MONTREAL (CP) Alcan Aluminum Ltd. reports consoli- dated net income for 1970 of million in U.S. funds com- pared with million the year before. Net income per share dropped to U.S. from in 1969. The company said the 1970 consolidated net income in- cludes an "extraordinary profit" of million on its Cana- dian working capital arising from the exchange revaluation of the Canadian dollar. Revenues and sales and other income sources last year were million, including million from new subsidiaries consolidated for the first time in 1970. This compared with million in 1969. Aluminum Co. of Canada Ltd. reports its consolidated net in- come at million U.S. last year, up from million in 1969. This includes an extraordi- nary profit of million U.S. on Canadian working capita; arising from exchange revalua- tion of the Canadian dollar. The Aluminum Co. of Canada results are included in the totals of the parent company. Grain prices Winnipeg Grain WINNIPEG (CP) Prices were moving narrowly in light trade at mid-session on the Winnipeg Grain Exchange today. Chief interest was in Thunder" Bay rapeseed, where prices were marginally Usher in some exporter buying. Flax and Vancouver rapeseed were generally lower, with some light exporter buying on the scale-down pattern. Prices were steady in oats and barley, where activity was confined to some light domes- tic shipper trade and a small amount of miller trade in bar- ley. Rye was lower in all futures In some commission house sell- ing. Friday's volume of trade consisted of 468.000 bushels of flax, of rapeseed, 000 of rye. Mid-session prices Flax: May lower July 1 lower 2.52V4A, Oct. 1 low- er 2.55A. Rapeseed Vancouver: March lower 3.07A, May H lower July higher Rapeseed Thunder Bay: April 1 higher 2.94B, June higher 2.5TOB. Oats: May unchanged 89, July, Oct. not open. Barley: May Vs lower July, Oct. not open. Rye: May Ts lower July lower 1.17, Oct. low- er 1.20SA. ROYAL BANK APPOINTMENT JAMES M. PROCTOR The Royal Bank of Canada announces the appointment of Mr. James M. Proctor to the Agricultural Department. Mr. Proctor will be working closely with Manaaer, K. R. Svcipson, in the continuing development and co-ordination of agricultural programs on behalf of the Royal Bank. The bank's aqricullural offices arc located in the district peneral manager's department, 335 8th Avenue, S.W., Calgary, Alberta. Apprenticeship plan replaced TORONTO (CP) Appren- ticeship programs for training skilled workers are being re- placed by shorter but more effective courses, the Canadian Construction Association was told today. L F. Gordge, administrator of curriculum and standards for the Ontario labor department, said apprenticeship training in a sophisticated society has a num- ber of drawbacks. It was no doubt a suitable sys- tem for the medieval guilds of Europe, he said, but it restricts entry into the trades through time-serving requirements and academic prerequisites. Mr. Gordge said a new sys- tem of workers only the knowledge needed to do spe- cific jobs. Instead of "a long, artificial course of training taking instruction is broken into separate units for each function a worker must per- form. Queen wounded KATMANDU (AP) Queen Ratna of Nepal was wounded in the stomach and hand by a bul- let that ricocheted during a tiger hunt. The queen, 42, un- derwent an operation after a 300-mile flight from Kanchan- pur, where she and her husband had been on an official tour. Her doctor said Sunday; "Her majesty is making satisfactory progress." MISCELLANEOUS INDUSTRIALS Agra Veg Oil Atco Ind Aquatalne Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Cat- 16.00 Cdn Pacific Inv 2S.25 CPK fit Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil S 6t Cdn Oil 6-75 100.00 Home A Home B Home Pitfld Hud Bay Co Hud Bay oil Hud Bay Oil Pf 4400 Hugh Russell 51.00 Husky Oil 16.50 7.62'A 7.00 26.00 30.50 37.75 29.00 5.87'A 7.75 15.25- 5.00 28.25 2.15 16.12'A Croyden Dolly varden Dynasty Endako Fort Reliance Giant Masco! Granlsle PIPELINE STOCKS Alta Gas Tr L A 4B.50 Alia Gas Tr L Pfd 78.75 Alta Nat Gas 25.00 Cdn W Nat Gas 17.00 Inland Nat Gas 12.75 N and C 16.12VJ Key Indust N and C B Pfd 33.50 Growers B Gaz Metro 51-CO Hys Gas Metro Pfd A 63.00 Inlerlor Brev, Tr Cdn Pipe Jericho Tr Cdn Pipe Pfd 44.03 Tr Cdn Pipe Pfd A 65.00 Tr Cdn P War 10.75 Westcoasf Tr 22.50 Western Pacific 4.85 MUTUAL FUNDS AGF Special 2.50 ilcops Copper Lornex Madrona New Cronin New Imp Mines Okanagan Helicop ___ Primer All Cdn Com 7.37 B.OS Pyramid All Cdn Diva 8.4S 9.24 Silver Stand All Cdn Vent 3.32 3.63 Texmont Amr Gr F 5.07 5.57 Troian Cdn Invest F 4.39 4.8! Western Mines Col Mutual 5.94 6.52 Westcoast Res Cmnw Inter 12.04 13.19 Western Explor Cmnw Lev 3.09 3.39 Utica 4.95 13.62V] .55 4.00 1G.GO .25 3.00 2.35 5.00 !l3 Toronto mines, industrials Supplied by Richardson Securities of Canada a.m. Quotes) LAST BID OR SALE a.m. Quotes) Quatesi MINES Acme Advocate Asb. Akaitcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Cassia r Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cocherour Craigmont Dickenson Mine Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mine East Malartic East Sullivan Faleonbridge Frobex First Maritimes Giant Y.K. Gutii.ar Granduc Headway R.L. Hoi linger Hud. Bay M-S Hydra Ex. Highland Bell Iron Bay Joliet Quebec Kerr AddiSon Key Anacon Labrador Lake Share Leitch Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maybrun Maclntyre Meta Midrlrn New Athona New Calumet New Imperial Noranda Northgate .07 Opemiska 2.10 Osisko ,46Vi Patino 1.52 Pine Point .07'A Placer Dev. 1.75 P.C. Exp. .24 Quebec Man 13.62'A Rayrock 5.25 Ratilore Rio Algom Roman Corp. Silverfields Sherritt Gordon Silver Miller Steep Rock Siscoe 2.24 23.25 2.39 1.69 9.25 .85 .13 8.15 Dome Peie 9.25 Dofasco .3314 Fam Play 27.25 Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron. Erie Hiram Walk Imperial Oil Imperial Tob 29.25 34.W .89 17.50 .07V's Int Nickel Tek Corp. Texm_... Upper Canada Western Mines Wright Har. Willroy Windfall .iB'.Ti Yellowknife Br. 1.02 Zenmac INDUSTRIALS Abitib! Acan Algoma Steel Atda Ind Atlan Sugar Bell Tel Brazil Trad B.C. Tel Burns B.C. Forest B.C. sugar CAE Ind Cdn Brew Chemcell Col Cellulose ,.ou Cal Power 30W Coron Credit 35.25 C.W.N. Gas Cdn Indust Canda S S Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bath !Q'A Cons Gas .32 Dist sea .15 Dom Bridge Domtar Dom Textile Dom Stores 8.30 1.34 26.00 .07 .88 57.00 1.05 3.25 141.00 .29 1.10 8.75 7.65 6.75 13.00 38.50 .'l9 2.90 3.60 1.54 .22 9.80 3.0G 1.54 .13 .76 .80 10.00 .15 132.00 2.72 1.83 5.60 .68 1.75 3.70 1.16 1.15 5.45' .12 1.25 31.25 Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kellly Doug A Loeb Loblaw A Metro Stores Mass.y Ferg McMillan Bloe Moore Corp 8.371-2 Molsons A 23.25 Molsons B 15.37Vi North, Cent 9.00 Pembina Pp 7.12'A Power Corp 46.75 Price Co 17.50 Rothmans 66.00 St Law Corp 10.00 Shell CDA' 23.25 Simpson's 17 62'A Simp Sears 5 25 Steel of Can 7.87li Selkirk A 5.75 Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel Union Car weston s B oi.ij Woodward's A West Cdn Sd 11.50 Zenith Else 19.371s BANKS 51.75 Can Imperial 20.00 Montreal 15.00 Nova Scotia 14.75 Royal 10.37'A Tor-Dom 7.00 26.75 1.25 12.00 12.00 29.50 3.50 8.00 27.00 69.25 83.00 24.37V2 11.50 55.50 5.00 82.00 20.75 14.25 2.60 20.25 38.87V-I 19.00 17.00 46.25 26.50 7.87% 37.50 17.00 7.62Va 5.25 3.90 -5.25 33.00 12.50 27.00 34.00 16.12% 15.50 16.12% 23.50 5.75 8.37% 14.50 19.00 27.50 18.00 J4.00 27.50 11.25 30.12% 10.00 20.00 34.00 15.50 42.00 3.70 11.00 16.00 19.25 19.iO 3.60 1.25 19.75 14.50 21.75 19.25 New York stocks Amr T and T Anaconda Blh Steel Chrysler Comsat Dupont Genera! Motors Gulf Int Harvester Kenn Ccpper Supplied by Richardson. Securities of Canadm 53.62% Montgomery Ward 33.1216 20 Golds 162.92 up .09 21.25 Sears 80.00 10 Base Met 91.76 off .53 21 75 Std Oil of N.J. 71.50 15 W Oils 203.59 up 1.13 26.87V2 Texas Gulf 126.50 Volume 58 DO Texas Co YORK AVERAGE: 141.00 Wtolworth 39.37V2 30 Indust 873.50 up 4.50 81.87V2 Westinghouse Elec 73.00 20 Rails 192.40 up .34 24.62W U.S. Steel 33.00 15 Utilities 2J.20 off .OS 32.00 TORONTO AVERAGES 65 Stocks 28B.52 up .95 41.75 20 Indust 172.83 up .11 Volume pany formed bv the three 28.2o, medium 26.7s to >rairie wheat pools and United Medium to good cows 17.50 to Jrain Growers to export canners and cutters 15 to 17. CCAX, will open a branch cattle were ice Feb. 1 in Vancouver, steers less than 750 was announced and heifers less than The board of directors said John Hasselaar, who has pounds. Stock calves were all heifers between 450 and 500 han 20 years experience in agricultural trade, las been appointed manager of pacific coast operations. XCAN Grain Ltd., with Good feeder steers less than 750 pounds 32 to 33.80, good feeder heifers less than 650 pounds 29.50. Good stock heifer head office in Winnipeg, was formed by the Manitoba 31.60 to 32. Hogs base price 21.55. Elevators, Saskatchewan Alberta Wheat Pools and value because members wanted Cana- ensure buyers had access dollar up 3-32 at 99 9-32 in Prairie grain and oilseeds' of U.S. funds. Pound ster- prices and up 1-32 at 52.41 27-32. The firm is Canada's farmer owned exporter (CP) U.S. dol- already has achieved in terms of Canadian funds in the export world, the 1-32 to 23-32. Pound tors said in a news off 1-16 to FLQ in no to kill WASHINGTON (CP) had made out in the begin- Canadian who headed the tral non-police operation in decided arrangements James Cross kidnapping be made with Cuba says there were signs from than Algeria, also men- kidnappers that "the as a possible haven, the 'liberation cell' was in no and Quebec govern- to kill Mr. concluded "that it was Also, in arranging safe not simply to make a duct for the kidnappers to offer of safe-conduct but the Canadian government be very concrete and even "putting itself deliberately in to hold out to the kid- situation where any something which they cross would have been quite clearly visualize." intolerable among the party on The kidnappers (members Canadian aircraft flying to the Front de Liberation says "the atmosphere Quebec) obviously expected quite relaxed, quiet and the Canadian government play was no unpleasant- The comments by Claude We spoke with the kidnap- quet, special assistant to the undersecretary of state for ester-nal affairs and head of the who seemed to react quite well to our presence." ernment-established force up to handle the crisis, r in the current edition of f> d'Aujourd'Hiri, the