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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 2, 1971, Lethbridge, Alberta _ 1HI ItTHUIDGI HERALD t, Stock prices dip in light trading Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Rwlhouse and UcCuaig) Livestock market report a.m. Quotes, LAST BID OR SALE WESTERN OILS Alia Gas Almlnex Asamera Banff 8P Oil Gas Can Sooth Cdn Ex Gas Ashland Cdn Homestd i.l 5 4.20 11.75 7.40 TORONTO (CP) Prices on the Toronto stock market slipped fractionally m mid-morning trading today, in- terrupting two consecutive gain- ing sessions. Industrials were down .37 to 17790 and western oils .49 to 203 87. Golds gained .51 to 163.93 and base metals .40 to 93.14. Volume by 1) a.m. was shares, compared with at the same time Monday. Gains outpaced losses 133 to 106 with 185 issues unchanged. Among declining issues, Aqui- taine was down to Jockey Club to Inco V-i to Home A Vs to S'ceep Hock five cents to and East Sullivan five cents to Scottish and York rose Vi to Canadian Tire Vi to Shell ?a to Cadillac Devel- opment to Skyline Ho- tels Vt to Cassiar Vn to Lake Dufault Vs to Cana- dian Superior Oil Vs to and Syracuse five cents to UTILITIES MONTREAL (CP) Industri- als and utilities moved lower while banks and papers were higher in light early trading today on the Montreal stock market. The composite index was off .56 to 174.91. Combined volume on the Montreal and Canadian Stock Exchanges was shares at lla.m. compared with at the same time Mon- day. Imasco Ltd., formerly Impe- rial Tobacco Co., off to reported consolidated net earn- ings of or S1.59 a share in 1970, up from or a share in the previous year. It said company cigarette sales were up by 14 per cent while tobacco sales in the indus- try as a whole climbed by seven per cent in 1970. Fraser was off ?1 to Fal- conbridge, to Cement Lafarge to Velcro In- dustries to and Noranda to Home A gained Vt to Consolidated Bathurst to Crush International to and HoUinger Vt to On index, industrials dropped .70 to 180.01 and utilities .39 to 151.60 while banks were up .07 to 177.20 and papers .32 to 94.16 HEAVY TRADE NEW YORK (AP) Profit- taking appeared to be depress- ing the stock market today Trading was heavy. At noon, the Dow Jones aver- age of 30 industrial stocks was Off 3.22 to 874.59. Among Canadian issues Dome Mines shot ahead to Mclntyre Porcupine, was up 1% at and Walker-Gooder- ham at Canadian Pa- cific was off at On the American Stock Ex- change, Canadian Marconi rose at Scurry Rainbow Oil was off at and Cana- dian Javelin at Cdn Ind Cas Oil 12.25 Cdn Long Is .'0, Cdn Super 38-25 Cen Del Rio Charter Ui Chieftan Dome Pete Cviuimi: G! Plains Mill City New Cent North Cdn Oil Numac Permo Petrol pinnacle Place Gas Ponder Ranger Scurry Rain Spooner W. Decalta Mutual Mutual Gr Nat Res N W. Fin N. W. Gr Principal Gr Roylurd United Ac Universal Sav 11.25 .65 6.75 1.11 2.45 2.35 .72 5.95 29.00 10.55 11.50 5.25 5.74 5.14 5.65 4.84 S.3I 7.15 7.85 4.34 4.77 5.12 563 3.96 4.35 5.34 5.50 4.5S 5.03 7.08 7.78 .17 MISCELLANEOUS INDUSTRIALS 7.50 9.00 25.75 5.25 Agra Alco Ind Aquataine Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car 15.75 Cdn Pacific -Inv 26.50 CPR Pfd 5M crowsnest Ind cygnus A Cygnus B Cum Prop Gt Cdn OH S Cdn Oil 6-75 Home A Home B Home Pltlld Hud Bay Co Hud Bay Oil Hsuky Oil B Ptd 44.00 Corp Invest S Husky Oil War 8.70 Dreyfus FU.S 5.65 Inter Prov 12-00 Gr Equity 16.12W1 Intl Utll Pld 37.75 Gr In Snare 12.42VJ Inter Steel Pipe 8.42V4 Invest Gr 5.80 Jefferson Lake 11.12V. Invest Mutial Joutel Kaiser Res Kam Kotla L Ont Port Cem MGF Manage Mentor 3825 NewconeX Pacific Pete 6.75 Rank Org 7.35 Selk Hold 67.37ft Shell Inv 1.20 Shell Inv Pfd 31.00 Shell Inv Wts Sicks Rainier West Cdn Seed White Yukon CALGARY Acroll Ana Pete Barons oil North Clnt Plains Pete West Warner Madison Rexdale PIPELINE STOCKS Alia Gas Tr L A Alia Gas Tr L Ptd 76.75 Alta Nat Gas 25.00 Cdn W Nat Gas 14.00 Inland Nat Gas 12.75 N and C 15.87'A Granlsle N aS C B Pfd gey Indus! 30.62K, Gai Metro 500 Growers 36.CO Gas Metro Pfd A 64.00 Tr Cdn P 34.25 Tr Cdn P Pfd 44.00 Tr Cdn P Pflt A 64.00 31.00 Tr Cdn P War 11.00 5.67'A Westcoast Tr 22.50 112V4 Western Pacific 4.90 FU2N5D05 Stanaain HeiiV.p ios AM Cdn Com 7.42 8.11 Primer Amr Gr F_ 5.09 5.59 Twmont 657 Western Mines 3.40 12.06 1122 Westcoast Res .M 3.12 3.32 Western Explor .31 5.37 5.B7 Utico -50 1.65 .63 7.05 7.75 1.33 .65 15.25 23.50 1.79 6.00 VANCOUVER Anuk 1400 Arctic Mining 312.A Atlas Explor 3 SO Beth Copper 1725 Bornite Ridge B'ock Bros B.C. Sugar B.C. Sugar Pfd Capt Inter Churchill Copper Col Cellulose Coronation Credit .18 .02 .42 .32 4.60 7.70 17.50 14.00 d.30 1.05 7.00 toronanon I'lfit Crestbrook F Ind 5.87W Croyden Dolly Varden Dynasty Endako Fort Reliance Giant Mascot Hys Interior Jericho Kamloops Copper Lornex Madrona New Cronln New Imp Mines 1.85 100.00 1637'A Cd'n Invest F Hud Bav oil Col Mutunl Hud Bay Oil Pld 59.75 Cmnw Inter Huah Russell 21.00 Cmnw Lev HMKy oil 16.62'A Corp Invest 4.70 13.75 .53 4.10 10.12'A 35 3.00 2.40 5.00 ,09'A .13 6.30 1.15 Livestock (Supplied by Canada Department oC Agriculture) On offer to 11 a.m. 60 cattle. Receipts medium quality. Trace moderately active. Me- dium end good butcher steers meeting only fair demand. Prices about steady. No strict- ly choice kinds on offer. Me- dium and good cows under pressure, prices weak to SO lower. Very few replacement cattle on offer sold generally steady. Good steers 30.25 to 31; me- dium 28 to 29.50. Good cows 19.50 to 20.10; me- dium 18 to 19. Medium heavy feeder steers 29 to 30.50. Good feeder heifers 29.50 to 30.50. Butcher hogs sold Monday f.o.b. Lethbridge 21.60 to 21.85 base price. Monday sales, hogs. All classes of weaner and feeder togs met an improved de- mand. Weaners sold to per head higher. light feeders under 100 pounds higher. Heavy feeders over 100 pounds or more higher. Weaners to 10, light feeders under 100 pounds 9.50 to 15.25, heavy feeders 100 to 130 pounds 16 to 18.50, heavy feeders over 130 pounds 20 to 24.75. All prices per head, light feeders under 100 pounds sold from 16 to 20 per cwt. Heavy feeders over 100 pounds 13.50 to 16 per cwt. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 575 head mostly good and choice slaugh- ter steers and heifers. Trade was active with a good local demand. Slaughter steers were 25 higher with sales to 32.10; hei- fers regained Monday's loss of 25 to 50 cents; cows un- even with good kinds scarce at sales to 20.60. Bulls sold strong. Choice slaughter steers 31.50 to 32, good 30.50 to 31.50, me- dium 29 to 30.25. Choice heifers 29 to 29.80. good 28.25 to 29, median 27 to 28. Good ows 19.60 to 20, medium 17.50 to 19 canners and cutters 15 to 17 Good bulls 24 to 26. Replacement cattle were mostly heavy fleshy short-keep steers at steady prices. Insuf ficient stock calves were offer ed to establish a market. Good feeder steers more than 750 pounds 30 to 33.50, less thai 750 pounds 34 to 37.30. Good stock and feeder cows 18 t 21.80. Hogs base price 21.60. t .1.75. Portland Livestock Turbo train ms trouble Coivs don't mind chewing old news-comic strips Grain prices Winnipeg Grain WINNIPEG (CP) Export- ers showed some interest in rapeseed at both the Vancou- ver and Thunder Bay positions at mid-session on the Winni- peg Grain Exchange today. Flax had light trade and oats and barley had moderate inter- est. Monday's volume of trade was bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: May Vs higher 2.54V'8B; July Vs lower 2.52'A; Oct. ft lower 2.54KB. Eapeseed Vancouver: March higher 3.07V8B; May 'A high- er 2.90B; July 'i higher Rapeseed Thunder Bay: April 1% higher 2.S6B; June Vi higher Oats: May unchanged July and Oct. not open. Barley: May unchanged 1.34 Vi, July and Oct. not open. Rye: May higher July Vs Oct. not open. Prices for class two wheat Monday for export to coun- tries outside IGA: 1 Nor. 1.80 2 1.78Ti; 3 4 1 Durum 1.79'i; 2 3 1.69 4 1.63; IGA prices: 1 Nor. l.SOT'a; 2 1.7854; 3 1.745'a; 4 1.68 1 Durum 1.79'A; 2 1.76'A; 3 4 1.63. Grain quotes Monday (basis High Low Close Flax May 2531-: 254 Jly 252 KKs Oct 254% 255 Rapeseed Vancouver Mar 3075a SOS's May 289'i 2883i W4 Jly 231% 281 281 Rapeseed Thunder Bay Apr 293 294'i Jun 289 283 289 Oats May 89 885s Jly KC't Oct 88 Barley May 134-li IM'i Jly 1337s Oct Rye May llfl-U Jly 117 Oct Unifarm asks new market techniques EDMONTON (CP) Uni- asked for new agricul- tural marketing procedures in its annual brief to the Alberta cabinet. The brief requested an agri- culture products m a rketing agency be established to co- ordinate the development of new marketing technioiues. Unifarm asked for legislation to enable dairy producers to participate in a market-snaring scheme as is done in Quebec and Ontario. Another request was that "the agricultural prod ucts marketing act be amended to allow producers to maintain control of produce up to and In- cluding the retail level." A rural development bank and other incentive programs should be established to en- courage and assist in the de- velopment of secondary indus- tries in rural areas, the brief said. Legislation was requested to establish a central administra- tion of rural electrification as- sociations. Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE WASHINGTON (AP) United States agriculture de- partment scientists are find- ing that cows don't mind chewing over old news-comic strips and ail-as long as It's served up in a sweet salad of a.m. Quotes) miCO ..m. MINES Acma Advocate Asb. Akaltcho MlnM Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Cassiar Central Pat. Chi mo Con west Cons, Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Donalda Dome Mines Discovery Mines East Malartic East Sullivan Falconbrldga Frobex Grandue Headway R-L. Hollinger Hud. Bay M-S HVdra Ex. Highland Bell Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leifch Langis Silver Wadsen R.L. Malartic G.F. Martin McNeely Maybrun Maclntyre Meta Midrim Intern Mogul New Athona New Calumet New Imperial" Noranda Northgate OpemlskB .7 Ostsko Patlno 2.T Pine Point .50 Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. iilverfields 4.95 .37'A 27-50 29.1 1.52 .07 1.75 .24 .6B .20Vi 1.37 .35 17.75 7.55 2.30 n -ic s vumeiua ,H5v4 Sherrltt Gordon 23.87'A .07 Silver Miller Steep Rock Siscoe Tek Corp. Texmont Upper Canada Western Mines Wright Har. Willroy Windfall Yeliowkntfe Br. .07 5.65 1.75 .66 l.BS 3.40 1.31 1.10 VI? Abitibi 3.25 141.00 .79 6.90 12.00 INDUSTRIALS Alcan Algom a Steel Atco Ind Bell Tel Brazil Trac B.C. TCI M.871A Burns 13 B.C. Forest 2.95 B.C. Sugar 3.60 CAE Ind 1.55 Cdn Brew .23 Chemcell 10.12'A Col Cellulose cal Power 34-50 Coron credit C.W.N. Gas Cdn Indust Canada S. S. Cdn Marconi Cdn Vickers Chrysler 38J5 3.00 1J1 .13 .76 137.00 .21 .32 12.50 comma, cons Bath Cons Gas Dlst Sea Dom Bridge l'l6 Domtar 31.62W Dom Textile 875 Dom Stores S.37V4 23.25 9.00 46.25 17.62V4 10.12'A 23.25 17.50 8.00 5.75 7.00 26.75 1.20 2.00 12.00 29.00 3.50 9.25 26.37'A 70.00 23.00 11.50 19.62 51.25 20.00 15.12V! 14.87Va 10.2; s.m. Dome Pete Dofasco Fam Play Fd of Amer Gt Cdn Oii G6n Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel 50 Hgher; ad rance mainly on canner anc cutter; other slaughter classe irm to 50 higher but scarce arly sales feeder steere strong Slaughter steers average an high good 27.25 to 29; standart and low good 25.85 to 26.25. Slaughter heifers good 25 28.75; slaughter cows utility o 22.50; cutter 17.50 to 21. canner 16 to 17.50. Slaughter bulls commerc i a 1 and good 26 to 28.50; individual high dressing 30.75; feeder steers high good and choice 725 to Ibs. 28 to 32; few good 26.75 to 28. MONTREAL (CP) passenger rain has lor the second time in its two-year history been taken off its Montreal-Toronto un indefinitely becaurw mechanical the ailway announced here. Alexander 0 1 y n y k, general manager of passenger sales and services, said in state- ment the trouble was not con- ined to any one category, al- though the train's suspension system and cold-weather ca- pability were known to have >een less than satisfactory. The turbo, designed to cover the 350-mile stretch between Montreal and Toronto in about [our hours, was placed in serv- ice Dec. 12, 1968. Within three weeks, however, the turbos were removed from service for further testing after cold weather hampered opera- tion. Ssrvice resumed May 23, 1970, with twke daily trips in both directions. Last week a reduction was made to one train daily in each direction. Potato futures WINNIPEG (CP) The Mar- itime potato futures market was inactive Mtnday with bids and offers up to five points above previous close levels, but no trades. There were no trades Friday. Open High Low Close Mar 2-42N Apr 2.65A May 2.92N Egg prices (CP) Weekly egg and poultry report issued by the Alberta department of agriculture: Eggs To producers A large 39' A medium 33; A small 16; B 19; C 6; cracks 6. To retailers A large 51 to 52; A medium 45 to 46; A small 28 to 29- B 33 to 34; C 19 to 20, cracks 19 to 20 (Two cents extra in To customers in A large 55 to 56; A medium 48 to 51; A small 31 to 36. Poultry To producers Live No. 1 chicken broilers, 19% Fowl under 4, 5. Turkey -under 12, 25V4; 12 to 18, over 18, 34. Live No. 2 chicken -broilers 17. Turkey under 12, 12 to 18, over 18, 22. Golda "'man of TEL AVIV (AP) Results of Israel's "Man of !he Year'1 poll wore published Monday. 'Die Goltla Meir. Mrs. Meir, 73, got 31 per cent of the vote, followed by Defence Minister Moshe Dayan with 22 per cent. Daily herd program is under study RED DEER (CP) A dairy herd improvement program will probably be established in Alberta this year, a provincial agriculture official said here. A. A. (Bud) Hughes, supervi- sor of dairy cattle improve- ment for the department of agriculture, told the annual meeting of the Alberta Holstein i Friesian Association there is a proven need for such a pro- gram. He said the agriculture de- partment is working on a pro- gram but it will be at least six months before it is ready. In his annual report, Presi- dent J. L. Bailey of Clover Ear told delegates that livestock competitions may be dropped from summer fairs as they be- come more consumer-oriented. Mr. Bailey, Francis Wright of Didsburv, John Copithorne of Cochrane and Norm Atkins of Calgary were elected directors of the association for three- year terms. Hog prices EDMONTON (CP) Prices to 11 a.m. provided by the Al- berta Hog Producers Market- ing Board: Edmonton: Quoted 21.50 to 21.85, selling 21.85. Average Monday 21.45. Calgary: Quoted 21.60 to selling 21.75. Average Monday 21.67. Red Deed: Quoted 21.55 to 21.55, selling 21.55. Average Monday 21.81. Lethbrirlge: No sains. Aver- age Monday 21.70. Lloydminstcr: No sales. Av- erage Monday 21.01. Grange Prairie: No sales. Total hogs sold 708. Total sales Monday average 12.10 to 12.30. Sows average 13.05. New York stocks Supplied by Richardson. Securities of Canada Amr T and T Anaconda Bth Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester Kenn Copper W.rfl ggg 20 ltd Oil of N.J. 72.00 15 W Oils 203.63 BE S" 1J300 WoSworth 30 Indust 874.59 off Is 'I have nothing to hide' says ex-Texas governor WASHINGTON (AP) John B. Connally, nominated to be treasury secretary, says he has nothing to hide about receiving funds from a private foundation while governor of Texas. Connally asked to go befoie the Senate finance committee today to outline his dealings with the foundation. "If they .T01IN B. CONNALLY don't ask the questions, I'll vol- unteer the he said in an interview Monday night. The New York Times said Monday Connally might have vi- olated the Texas state constitu- tion by accepting at least in 1966-69 from the Sid R. Richardson Foundation. After the newspaper report, Connally asked the finance com- mittee, which is considering his nomination, to grant him time to tell his side of the story. SPREAD IT OUT Connaliy told Senator Wallace F. Bennett (Rep. Utah) he earned the money as executor of the Sid R. Richardson es- tate, before he became gover- nor, and spread the money over a 10-year period to get a better shake on taxes. Bennett said he did not ask Connally the total fee he re- ceived as one of three executors but assumed it was a year, as reported by The New York' or about one per cent of tie Richardson estate, over a 10-year period. Net earnings By THE CANADIAN PRESS British Columbia Forest Prod- nets Ltd., year ended Dec. 31: 1970, 19 cents a share; 1969, Dome Petroleum Ltd., year ended Dec. 31: 1970, 2.91 a share; 1969, Goodyear Tire and Rubber Co. of Canada Ltd., year ended Dec. 31: 1970, a share; 1969, International Nickel Co. of Canada Ltd., year ended Dec. 31: 1970, share; 1969, Shell Canada Ltd., yaer ended Dec. 31: 1970, a share; Steel Co. of Canada Ltd., year ended Dec. 31: 1970, a share; 19C9, When business was bad, he said he couldn't afford advertising. When business was good, he said he didn't need advertising. For the life of us, we can't remember his name. The Lethbridge Hei ;