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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 5, 1971, Lethbridge, Alberta Market lower in active trading TORONTO (CP) Prices turned fractionally lower io ac- tive mid-morning trading today at the Toronto stock market. On index, industrials dropped .82 to 178.17, base metals .09 to 93.96 and western oils 1.78 to 207.91. Golds rose .35 to 176.42. Volume by 11 a.m was shares, up from at the same time Thursday. Losses outnumbered gains 152 to 89 with 166 issues unchanged. Among losing Issues, Leigh Instruments was down 1 to Shell Canada Vi to Pacific Pete to ?30y4, Kaiser Resources to Northern and Central Gas Vi to Stelco to Bankeno 40 cents to Dominion Explor- ers 30 cents to Great Plains 1 to North Canadian Oils 40 cents to and United Canson 30 cents to Royal Bank rose Vt to CPR Vt to Sherritt to Hudson Bay Mining Vt to and Canadian Superior Oil Vt to BANKS UP MONTREAL (CP) Utilities, banks and papers moved higher while industrials declined in Very light early trading today on the Montreal stock market. The composite index was off .29 to 175.61. Hog prices EDMONTON (CP) Prices to 11 a.m. provided by the Al- berta Hog Producers Market- ing Board: Edmonton: Quoted 21.80, selling 21.80, average Thurs- day 21.88. Calgary: Quoted 22.25, sell- ing 22.23, average Thursday 21.96. Red Deer: Quoted 21.75, sell- ing 21.75, average Thursday 21.85. Lethbridge: No sales. Aver- age Thursday 22.21. Lloydminsetr: No sales. Av- erage Thursday 21.15. Total hogs sold 225, total sold Thursday Average 21.88. Sows 13.49. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 compared to at the same time Thursday. On index, industrials were down .62 to 180.22 while utilities were up .24 to 152.90, banks 1.04 to 186.17 and papers .11 to 94.57. Seagrams gained to Cummings Property to Crain R. L. to and Fal- coobridge to Q.S.P. Ltd was off Vt to Pacific Petroleum to Kaiser to Canada Pack- ers to MOVt and Moneneo toK'A. NARROW ADVANCE NEW YORK (AP) The stock market, demonstrating the same resilience it has shown all week, moved to a narrow advance today. Trading was ac- tive. At noon the Dow Jones aver- age of 30 industrials was up 0.14 to 874.93. Earlier the Dow had been down more than 2 points, Noon prices included: Occidental Petroleum, up 1 to Lockheed Aircraft, down Vt at Skyline Corp., up 1% to Boise Cascade, down 1% to American Mo- tors, off at and RCA, up to Canadian Pacific was off at Granby Mining lost Vt at Dome Mines aod Genstar Ltd. were off tt at and respectively. On the American Stock Ex- change, Preston was up Vt at Scurry Rainbow Oil was off H at and Canadian Javelin down Vt at Dollar value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds was steady at Pound sterling was up 7-16 to 15- 16. NEW YORK dollar down 1-64 at 99% in terms of funds. Pound ster- ling down at AN'UNANSWERED PHONE IS LOST BUSINESS I LETHBRIDGE TELEPHONE ANSWERING SERVICE LTD. Phone 328-1701 24-Hour Personal Service SCHWARTZ AGENCIES LTD. Mall Phone 328-3331 LUXURY HOME EXCEPTIONAL styling and construction in this unique, lux- urious home with magnificent view. Court-like surroundings of shrubs, trees, fountain, swimming pool and fenced for privacy. Gracious entry to spacious living room, dining room, den and kitchen designed on the open plan, ctli with sloped cedar beam ceiling. Three beautiful bedrooms and luxurious bathroom with mosaic tile and sunken bathtub. Winding stairway leads to professionally designed rumpus room with mirrored wet bar and open hearth fireplace. Games room, bedroom, kitchen and bath. Hot water heat- ing and air conditioning in this fabulous home that has everything. Serious buyers please call for personal inspec- tion and details. EXCLUSIVE LISTING EVELYN WADDELL 328-5704 JEAN BLOCK 327-8697 BARBARA BRUCHET 327-3257 BIRDIE SCHMITT 327-3879 Lethbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY (CP) Receipts io 11 a.m., 700 bead, practically all replacement cattle and calves. Trade was active. The few slaughter cattle on offer sold in line with Ttiureday's prices. Choice steers 32.50 to 32.90, good 31.30 to 32.50, medium 30 to 31.25. Choice heifers 29.25 to 29.80, good 23.25 to 29, medium 27 to 28. Good cows 19.50 to 20.10, medium 17.50 to 19, can- ners and cutters 15 to 17. Good bulls 21 to 26. All listings were Thursday's prices. Replacement cattle were mostly steers under 750 pounds and stock calves 400 pounds and up, which met a good de- mand at strong prices. Good feeder steers under 750 pounds 34.50 to 37, over 750 pounds 30 to 33. Good feeder heifers 600 pounds up 30 to 31.50, good stock steer calves 37 to 42, lightweights sold to 44. Good stock heifer calves 33 to 36. Butcher-weight calves 32 to 34.40. Hogs base price 22.25. Profitable year seen for AMC DETROIT (AP) After re- ceiving assurances from board chairman Roy D. Chapin Jr. that the firm expects to show a profit this year, the stockhold- ers of American Motors Corp. re-elected the company's full 15-man board of directors with- out objection. At a news con- ference following the meeting, however, Chapin declined to say whether tie company is currently operating in the black, saying only that he stands by his prediction of a profitable year. The stockholder's meeting it- self was short and calm. Only five stockholders asked ques- tions during the discussion part of the meeting and1 those dealt almost exclusively with mat- ters of product quality, safety, m a r k e t ing and advertising. There were no .questions about the firm's recent financial dif- ficulty and no public com- plaints about the failure of the fern to pay a common stock dividend for 22 consecutive quarters. President William V. Lune- burg announced earnings of million, or 23 cents a s h a r e, in the first quarter, compared w i t h a loss of million, or 64 cents a share, in the first quarter of fiscal 1970, when production was halted five weeks by a strike. Beef futures WINNIPEG (CP) Trading was mostly inactive Thursday on the Winnipeg live beef futures market. Open High Low Close Mar 32.65 32.65B May 32.35 32.35 Jly 3L75N Potato futures WINNIPEG (CP) The Mrrittme potato futures market had a light trade Thursday. Open High Low Close Mar 2.45N Apr 2.56 2.56B May 2.90 2.90B Vancouver, Calgary, Montreal (Supplied by Doberty, Rtttfhouse and McCuaig) LAST BID OR SALE friday, F.bruary 5, 1971 THE LETHMIDGE HEftAlD If Livestock Miscellaneous quotations AgenCy to regulate trading of farm products is urged WESTERN OILS LONG mSTORY Japanese Kabuki theatre was developed in 1603. R free booklet to answer your questions about Rnnuities There comes a time in most men's lives when a guaranteed in- come is more important than the hope of capital gain. And that's exactly what annuities from Manufacturers Life offer. They provide an automatic, guaranteed income for life. People have asked us many questions about annuities in the past. Important questions such as; Can I arrange for some of the money to be returned to my estate if I die early? Is there an annuity that will transfer the income to my wife if she outlives me? How do annuities affect my income tax? Is an annuity a practical way of supplementing Canada Pension Plan and other retirement income? To provide you with the answers we have published an easy-to- read, casy-to-understand booklet called "Annuities the key to a golden age." It's yours for the asking, without obligation. Just fill in and return the coupon below. And if you would like to discuss annuities with someone, you couldn't find a better person to talk to than the Man from Manufacturers. MANUFACTURERS LIFE INSURANCE COMPANY 210 Profesilonol Bldfl., Lethbridge Phone 327-5514 E. A. "fcD" BRUNNER Supervisor Business and Personal Estate Planning Res. Phone 328-7549 Please send me, without obligation, a free copy of the bookie 'Annuities... the key to a golden age." Almlnex Asarrera Banff Banff BP Oil G3S Can South Cdn Ex Ashland Cdn Homwtd Cdn Pfd Cdn Ind Gas Oil Cdn Long is Cdn Super Cert Del Rio Charter Chief tan Dome Pete Dynamic Pete Gt Plains Mill City New Cent North Cdn Oil Numac Permo Petrol Ptnnaclft Place Gas Ponder Ranger Scurry Rain Spooner W. Oecalfa JW 5.90 16.8m 6.05 5.40 4.60 11.75 8.20 15-00 12.37VJ .72 39.25 12.25 6.VO 7.40 M.75 1.24 30.50 1.75 .es 7.60 7.80 .72 1.35 .M 1.22 .65 15.87V4 24.00 1.93 6.15 Hugh Russell JI.58 Corp Invert 5.34 569 Oil 1700 Corp In St F J.B2 5.26 IS Oil B Oreyfat f U.S. 11.87 13.01 Husky Oil War 9.00 Gr Equity. 6-0? MutUL Nat Res H.W. Fin N W Gr Principal Gr Royfund United Ac Universal Sav MISCELLANEOUS INDUSTRIALS Agr; Atco Ind Aquatalnft Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil Gt Cdn Oil 6-75 Hoem A Home B Horen PHIfd Hud Bay Co Hud Bay Oil Hud Bay Pfd 9.1 2% 26.00 5.25 31.50 27.37V4 9.00 29.00 7.50 16.75 4.80 100.00 28.75 23.00 2.05 16.87Vi -40.50 5B.OO Joutel 1.00 Kaiser Res 4.50 Kam Kotia 1.15 L ont Port cem MGF Manage 2.3S Newconex 5.95 Pacific Pel. 30.37' Rank Or9 17.62W Selk Hols 11.50 Shell Inv 34.25 Shell Inv Pfd 34.00 Shell Inv Wts IS.00 Sick Rainier 3.25 West Cdn Seed 3.60 White Yule 17.25 CALGARY Acroll .95 Ana Pete .09W Barons Oil North Cent .02 Plains Pete ,40 West Warner .42 Madison .38 Rexdale .13 PIPELINE STOCKS Alfa Gas Tr L A 47.25 Alts Gas Tr L Pfd 78.75 Alta Nat Gas 24.00 _______ Cdn W Nat Gas 16.62V4 Key Indust Inland Nat Gas 12.50 Growers B N and C Hys N and C B Pfd 33.25 Interior Brew Gar Metro 4.80 Gas Metro Pfd A 64.00 Tr Cdn 3J.DO Tr Cdn P .Pfd Tr Cdn P Pfd A 63.75 Tr Cdn P War 11.00 VANCOUVER Anuk Arctic Mining Atlas Explor Beth Copper Bornlte Block Bros Brendi B.C. Sugar B.C. Sugar Pfd Capt Inter Churchill Copper Col Cell Coronation Credit Crestbrook F Ind Croyden Dolly Varden Dynasty Endako Fort Reliance Giant Mascot Granlsle .70 -.Tj J.iO 7.S6 7.93 4.33 4.76 5.11 5.62 4.03 4.42 5.35 5.52 4.61 5.07 7.14 7.S4 27.50 .10 4.45 7.50 17.75 15.75 4.70 1.01 1.30 1 5.M .24 .37 4.90 14.00 .54 4.30 10.12'. 2 .25 3.05 2.40 5.121 .09 Jericho Kami oops Copper .13 Lornex 6.35 Lytton Minerals 1.96 Madrona ,4fi New Cronln .08 Westcoast Tr 23.62Mi New Inmp Mines 1.38 Western Pacific 4.90 Okanagan Helicop 4.20 MUTUAL FUNDS Primer .16 AGF Special 2.52 Pyramid .35 All Cdn Com 7.48 B.17 Silver Stand 1.55 All Cdn DIvId 8.55 9.37 Texmont .67 All Cdn Vent 3.33 3.M Trojan .2? Amr Gr F 511 S.61 West Mines 3.30 Cdn Invest F 4.39 4.82 Westcoast Res .14 Cmnw Inter 12.11 13.22 Western Explor .32 Cmnw Lev 3.13 3.43 Utlca .51 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. a.m. Quotes) a.m. QuotH) MINES Acme Advocate Asb. Area Mines Black Bay Bralorne Broulan Bethlhem Brunswick Canada Tung. Cassiar Central Pat. Chlmo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson Mine Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartlc East Sullivan Falcon bridge Frobex First Marltlmes Giant Y.K. Gunnar Grandue Headway R.I, Holllnger Hudson Bay M-S Hydra Ex. Highland Bell Iron Bay ISO Jolief Quebec Kerr Addlson Key Anacon Labrador Lake Shore Leitch Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Mayorun Maclntyre Mela Mldrim Intern Mogul New Athona New Calumet .07 2.20 1.50 .0814 2.00 .24 14.25 5.1S 2.33 23.50 2.35 1.60 !.'5 .82 .13 .42 1.35 57.25 .04 .82 12.00 .IB'A 1.07 1.10 3.30 140.50 .30 1.11 10.00 1.B5 7.00 12.00 38.50 21.50 5.95 3.50 1.60 .22 10.75 .31 35.50 3.15 1.50 .14 .81 .85 10.00 .14 132.00 .20 .31 13.25 .15 .23 New Imperial Noranda Northgate Opcmiska oslsko Patino Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Silverfields Sherritt Gordon Sliver Miller Steep Rock Siscoe Tek Corp. Texmont Upper Canada Western Mines Wright Har. WiElroy Windfall Yellowfcnile Br. Zenmac 1.38 Domtar 31.37'A Dom Textile S 85 9 90 i Stores Dome Pete Fam Play Fd of Amer 28.87Vi G( Cdn Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk 17.12'A jmperial Oil Imperial Tob Nickel int Pipe Inv GP A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg t McMillan Bloe Moore Corp 1.90 5.55 .68 2.10 3.30 1.23 1.05 "IIIA Molsons A Molsons B INDUSTRIALS North Cent Pemblna Pp Abliibl 8.13V4 Power Corp 22.12'A co Rothmans 9.00 st Law Corp 7.25 Shell CDA 46.75 Simpson's 17.62'A simp Sears 65.50 steel of Can 10.25 Selkirk A 23.i2'A Texaco 17.75 Traders Gp A 5.621A Trans Mln Pp 7.75 Trans Can Pp 5.25 Union Gas 6.50 Union Oil 26.50 Versatile Mfg 1.30 VVesteel 11.00 Union Car 11.50 Weston's B 29.75 Woodward's A 3.53 West Cdn Sd Zenith Elec Alcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. suoar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indust Canda S S Cdn Marconi Cdn Vickers Chrysler CPR Comlnco Cons Bath Cons Gas Dist sea Dom Bridge 26.00 69.75 22.75 11.25 15.37'A 14.75 9.87'A 88.00 10.62'A 53.00 4.80 SI .50 21.00 20.87'A 2.65 20.00 19.1214 17.1214 46.25 26.25 8.50 37.75 7.62V4 5.25 3.90 4.95 35.00 12.1214 27.3714 34.75 15.87V4 15.00 16.00 23.25 5.50 14.50 19.00 34.37Wt 18.S3 22.75 2J.87V4 11.50 30.12'A 9.75 51.25 34.00 42.00 3.60 11.00 16.00 19.50 19.12'A 3.60 1.35 BANKS Can Imperial ..._ Montreal 19.62'A Nova Scotia Royal 20.00 Tro-Dom 20.00 14.6214 22.50 23.00 19.50 New York stocks Supplied by Richardson, Securities ot Canada Amr T and T 52.75 Sears 79.50 10 Base Met 9J.18 up Anaconda 23.00 Std OH of N.J. 70.12Vi 15 W Oils 208.14 off 1.55 Bth Steel 21.87V2 Texas Gulf 120.75 Volume Chrysler 26.50 Texas Co 33.75 Dlipont 144.50 Woolworth 39.25 YORK AVERAGE General Motors 80.25 Westlnghousc Elec 72.25 30 Indust 874.93 up .14 Gulf U.S. Steel 32.25 20 Rails 191.07 off .9! Int Harvester 33.00 TORONTO AVERAGES 15 Utilities 124.01 up .10 Kenn Copper 38.00 20 Indust 178.42 off .07 45 Stocks 288.24 off .34 Montgomery Ward 33.37ft 20 Golds 176.51 up .44 Volume ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK Consign la PICTURE BUTTE AUCTION MART Ideally located In the centre of large cattle feeding and hog raising area SATURDAY, FEBRUARY 6th at 1 p.m. 300 TO 400 HEAD ALL CLASSES OF CATTLE Alto 400 TO 500 WEANER, FEEDER HOGS AND BROOD SOWS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOE or JIM JURIS Phone 732-4400 or 732-4468 Picture Bull! EDMONTON (CP) Estab- lishment of a national agency to regulate inter provincial trading in agricultural iVTod- ucts should be implemented im- mediately, the Commons Agri- culture Committee was told to- day. TTie committee here on part of a cross country tour to hear submission on Bill C-176, heard four briefs, three of which supported the proposed controversial legislation. H. D. Falkenberg, chairman of the Alberta Broiler Growers Marketing Board, said "the time for delay is over." His organization wanted Par- liament to get on with the job of setting up a national agen-1 authority Is needed to cy to regulate inter Grain prices Winnipeg Grain WINNIPEG (CP) Trading continued light at mid-session on the Winnipeg Grain change today. Prices in most commodities were fractionally easier. Rapeseed had some export- er interest and oats and barley had a light domestic shipper trade. Rye was mostly inac- tive. Thursday's volume of trade included bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: May lower 2.55VjB; July lower Oct. lower Rapeseed Vancouver: March higher 3.1014; May %high- er July Vt lower 2.75 Rapeseed: Thunder Bay: April 1% higher S.OOliB; June 1V4 lower 2.89. Oats: May unchanged 8754A; July Vt lower Oct. not open. Barley: May unchanged July lower Oct. not open. Rye: May higher 1.19A; July unchanged Oct. not open. Prices Thursday for class two wheat for export to coun- tries outside IGA: 1 Nor 1.81; 2 1.79; 3 1.75; 4 1 Durum 2 4 IGA prices: 1 Nor 1.81; 2 1.79; 3 1.75; 4 1 Durum 3 4 Grain quotes Thursday (basis High Low 0ose Flax May 255% 253% 255% Jly 253% 252 253% Oct 255% 254 255% Rapeseed Vancouver Mar 310 305% 310 May 287% 285% 235% Jly 277% 276 276 Rapeseed Thunder Bay Apr 298% Jun 292 290% 290% Oats May 88% 87% 87% Jly 88' Oct 88 Barley May 134% 133 133% Jly 132% Oct 128% Rye May 118% 118 118% Jly 116% 116% Oct 120% cial trading in broilers. "We are anxious once the present great imbalance of sup- ply and demand for broiler chicken is restored to normal to see the end of the sc-called chicken war." Mr. Falkenberg said there lias been enough of unplanned massive overproduction in some parts of Canada that serves only to reduce the re- turns of all producers in all parts of Canada to the level of the worst paid producers in any part of the country. If Parliament fails to pass the legislation there will be no effective way to obtain its ad- vantages. "Voluntary restraints for gen- tleman's agreements do not work in this industry and the much needed rationalization must be supported by legisla- The Alberta Turkey Growers Marketing Board, in its brief presented by chairman M. N. Brown, said it supports the bill. "Our industry badly needs some machinery to regulate the movement of our product in inter provjicial trade as a last step in the long struggle of turkey producers to make sup- ply management work." Mr. Brown emphasized regu- lation and not prohibition against movements of products and the board does not visual- ize the Canadian turkey mar- ket under an agency being di- vided into parcels "conforming to the political boundaries of the various provinces." He said protection is a good word or bad depending on who is using it. "When agriculture uses the word it is a bad one but takes on a somewhat more pleasant connotation when used by sec- ondary industry." The turkey growers said Bill C-215 is legislation designed to protect the textile industry which is already protected by tariffs and voluntary quotas and has received first read- ing in the Commons. "It will be interesting to see if the antagonists of Bill C-176 oppose Bill C-215 with equal dil- igence or if the necessary di- alogue in respect of it will take a year of some committees time before getting to third reading." The Egg and Fowl Market- ing Board also supported the proposed legislation saying that industry on the sound business base as all oth- er industries. The Alberta Egg and Poultry Association was critical of bill because "it does suggest ominous powers to be conferred upon a single agency." "If improperly constituted by inequitable and unqualified rep- resentation from any segment of the industry it could strike terror and Tear in the hearts of even- free enterprising Cana- dian." D. T. Adams, presenting egg and poultry brief, said association supports and en- dorses the concept of free com- petitive enterprise embracing ihe doctrine or efficiency in prod u c t i o n, processing and marketing. The committee started its hearing 30 minutes late after a procedural hassle on the order in which briefs should be heard. William Douglas Stewart (L Kootenay) said the hours the committee ars spending are not acceptable. At the hearings opening he said the committee sat in Win- nipeg to p.m. and Tues- day in Regina to p.m. and many members were unable to eat supper before 1 a.m. Wins Award! MR. ROY OSTER Fort Whoop-Up Agencies Ltd. is proud to announce that Roy Oster has won the salesman's award for the month of Janu- ary, which is presented by the Real Estate Board. COUNTY OF VULCAN NO. 2 requires SUPERINTENDENT OF SCHOOLS The County of Vulcan No. 2 employs 89 staff members in nine schools. Enrolment is mads up of 940 elementary students, 500 junior high students and 400 high school students. High school facilities are mainly centralized in Vulcan, POSITION: Chief Executive Officer of the School Committee SALARY: To be determined considering qualifications and experience. COMMENCEMENT DATE: To be arranged. Expected to be March 15-April T, 1971. CLOSING DATE: February 15, 1971. Applicants are requested to submit a written resume of their training and experience, references and salary expected to Selection Committee Chairman, Superintendent of Schools Competition, County of Vulcan No. 2, P.O. Box 180, VULCAN, Alberta. CANADA LIMITED BARRISTER and SOLICITOR EXPERIENCE IN OIL AND GAS LAW IS DESIRABLE BUT NOT ESSENTIAL Inquiries will be treated in confidence and may be directed to: SHELL CANADA LIMITED P.O. Box 100 CALGARY, ALBERTA ATTENTION: MANAGER. LEGAL DEPARTMENT ;