Lethbridge Herald, The (Newspaper) - February 8, 1972, Lethbridge, Alberta
TuMdoy, Fobruoty 197! THE IETHBRIDGE HKAIO 19 TSE gold issues up; others down TORONTO (CP) Cold Is- sues on the Toronto stock mar- ket edged fractionally higher while prices in ether major sec- tors of tire Toronto slock market turned lower in slow mid-morn- ing trading today. The industrial index was off .07 to 196.59, base metals .01 to 86.05 and western oils .38 lo 218.46. Golds were up lo 175.88. Vol IHne by II a.m. was shares, 'compared with at the same time Mon- day. Declines held a slim lead over advances, 125 to 11G, with 186 is- sues unchanged. Beverage, general manufac- turing, real estate, steel, utility and communications stocks moved lower as 11. of the in- dustrial index's 17 sub-groups posted declines. BANKING CLIMBS Banking, paper and forest, trust and loan and industrial mining issues edged fractionally higher. Walker-Gooderham lost to Baton Broadcasting Vi to Bethlehem to Numac Vs to and Skyline Hotels V4 Burns doses operation REGINA (CP) Burns Food Ltd. will close its slaughtering operation April 23 in Regina, putting as many as 100 em- ployees out of work. In a news release J. F. Turner, plant operations man- ager, said the business has been unprofitable for the last five years and its standards no longer meet requirements of the Canadian and U.S. depart- ments of agriculture. Slaughtering operations will be transferred to the com- pany's Prince Albert plant al- though a beef cooler operation will be maintained in Regina. Joe Gryzb, local president of the Packing House, Food and Allied Workers Union, said the closure was not unexpected at the 60-year-old plant. While announcing the clo- sure, tiie company said it will build a new daily plant in Sas- katoon. A subsidiary of Burns, Scott and National will establish a new branch in Regina. Burns will keep a buying staff in Regina to assure "pro- ducers that there will be no re- duction in their market for livestock." Brascan fell Vi to Hank Vi to Hudson Bay Mining '.4 to and Denison to ?2il. Great Lakes Paper was up 1 to Hudson's Bay Oil and Gas >.i to Canadian Equity and Development Vi to Patino to and BP Oil and Gas 10 cents to PRICES HIGHER MONTREAL (CP) Prices were narrowly higher in light trading on the Montreal stock market today. The bank' index rose .31 to 266.40, industrials .36 to 188.84, the composite .22 to 198.04 and papers .40 to 86.64. Utilities de- clined .29 to 162.41. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares, compared with shares at the same time Monday. Gains on the Montreal Stock Exchange inclvded Canadian In- ternational Power, up Hi to Great Lakes Paper 1 to Rapid Data li to Du Pont to Inco to and Canadian Breweries !i to SS-li. Among declines, Consumers Glass was down to Moore Corp to Brascan 1.4 to and Bombardier to S8 on shares traded. On the Canadian Stock Ex- change, Capri Mining was up three cents to 37 cents on shares traded. Gaspe Quebec was down two cents to 35 cents on shares traded. SLOW TRADE NEW YORK (AP) Stock market prices moved higher today in slow trading, ending Monday's slide. The Dow Jones average of 30 industrials at noon was up .6S to 904.65. It fell amost three points Monday. Declines outnumbered ad- vances on the New York Stock Exchange by nearly 8 to 5. Among Canadians, Dome Mines advanced 1 to In- ternational Nickel was up to and Distillers Seagrams advanced to Walker Goodcrham slipped to S46V4 and Canadian Pacific was down !i at On the American Stock Ex- change, Brascan Ltd. advancet Vi to Canadian Javelin a and Scurry Rainbow Oil at ?16Vi remained unchanged. Beef futures WINNIPEG (CP1 Live beef futures close Monday. Mar 35.00B; May 34.25B Jly 33.25N. Friday's volume: Nil. Net earnings By THE CANADIAN PRESS International Nickel Co. i Canada Ltd., year ended Dec 31: 1971, million, a share; 1970, million Trimac Ltd., nine months ended Dec. 31: 1971, 64.8 cents a share; 1970 51.3 cents. POPULAR CURRENCY Sterling is the currency in which about one-third of the world's trade is conducted. folder to learn how you may obtain an IDB loan assist in starting, modernizing or expanding your business any- where in Canada. business anywhere Canada INDUSTRIAL DEVELOPMENT BANK ve. South-Tel.! 328-9681 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doborty, McCuaig Limited) LAST BID OH SALE a.m. Quotes) a.m. Ouoles) WESTERN OILS -Jminrx 5.5ft Alia East Asamora Ashland _. Oil Ga> Can Soutli Ctfn Ex Gas HomrstrJ tun Home Pfd Cdn Ind Gas Oil Cdn Long la Cdn Super Charter Chieftan Dome Pete Gl Plains Gt Cdn Oil Lochiel North Cdn Oil Numac Pan Cdn Pete Pan Ocean Petrol ..made Place Gns Ponder eangcr Scurry Rain Spooner Seibeni Total Ulster 1.62 W. Decalta (-.AS West Pete 11.00 MISCELLANEOUS INDUSTRIES Aquataine 25.00 Brinco 5.75 Cdn Brew A 30.50 Cdn Brew B 37.75 Cdn Pacific In Crowsnest Ind Cygnus A Cygnus D Falcon Copper Genstar Home A Home B Hud Bay Co Hud Bay Oil 600 6.00 3.40 8.80 17.50 9.50 .60 47.75 5.00 9.05 32.HO 29.75 5.70 6.00 15.37 to I7.no 16.50 1.21 All Cd AH Cdn Vent Amer Gr F 37-'5 AGF Special sn cmnw Inter 6.87V: Cmnw Lev 11.62V3 Ccrp Invest 15.00 Ccrp In S! Mulusl Mutual Ac Mutual Gr F .Nat Res H W Fin H W Gr Principal Gr Royfund Temp Gr United Ac 5.; Universal Sav 7.f VANCOUVER MINES Anuk Arctic Mining Atlas Explor .50 Bath Norse .05Vj Brenda -IS Churchill Copper Croyden 5.85 15.00 9.00 31.75 A.1S 5.25 s.n 12.50 5.73 6.17 5.72 6.29 5.70 6.27 7.14 7.80 AM 5.34 6.08 .5.68 -1.61 5.04 6.1B 6.19 6. i 61 a.m. Quotes) Hud Bay Oil Pfd 53.50 Huyh Russell ?3.50 Oil 16.25 19 Husky Oil B 1300 Husky Oil War 5.70 Inter Prov Pipe Inter Prov Steel Kaiser Res MGF Managu Pacific Pcle Ra inter Teledyne West Cdn iced White Yukon CALGARY Acroll Barons Oil Madison North Cont West Warner PIPELINE STOCKS Alta Gas Tr L A S3.87Vj Fcr) Reliance Alia Gas Tr L Pfd 79.00 ,Aasco, Alls Nflt Ger, 22.00 Inland Nat Gas Kamloops Copper N and C Gas nex K H and C B Pfd 39.00 Lytlon Mincrall pacilic Gas Trans 13.75 PrimEr Gaz Melro pyramld Gnz Metro Pfd A 66.00 standard Ir Cdn P 39.50 Texmont Tr Cdn P Pfd B 47.00 Trcjfln Tr Ctln P Pfd A 73.25 Va, ey Coppt.r Tr Crin P War 12.75 wc YRcs V.'C Trans 38.B7Va INDUSTRIALS WC Wls 10.25 Bros 3.70 MUTUAL FUNDS B.C. Sugar 20.50 Cdn Com 8.64 9.44 B.C. Sugar Pfd 15.75 9.6.1 10.5J Capt inter 7.25 3.E3 4.42 Crestbrook F Ind 4.65 6.63 7.28 Growers B 3.65 3.35 Key Indus! -36 5.0! 5.50 Hys 3.60 6 60 7.25 Interior Brew 3.93 14.18 15.58 Inter Mariner .75 373 4.10 Okanagan Helicop B.62 5.96 6.5! Pacific W Air 14.75 5.09 5.56 Stampede Intl Re HONG KONG (Renter) China's economy broke new ecords in 1971 and seems cer- would probably be better if wcnlhcr conditions improved. The six-million-ton increase in grains only represented a 2.5- per-cent rise and barely kept ahead of the population In crease, estimated here at around two pe" ccnt- government China now was self-sufficient in gas by an W per cent and, significantly, oil Jrilling capacity rose by 17 per cent. The New China news agency said new oil refineries and oil wells started working in 1971, indicating massive in the industry. The power industry also .scored a record, with an in- crease of 18 per cent, according to the official agency. Much of this new output came from small power stations scattered across the nation. One station in Kwangtung province taps an underground hot spring, converting the hot water into steam to run tur- bines. Travellers returning to Hong Kong from China report no food or clothing shortages and say were at a record high level. Peking's Kwang Ming daily said the nation enjoyed its 10th consecutive bumper harvest; but (lie New China news agency reported only that cotton, oil crops, sugar, tea, and silk cocoons had "good har- vests" and did not give any pcr- ,lcalthy_ or quality, heifers were iteady. Cow trade was uneven with prices higher and salo of young cows to 25.60. Choice steers 34.50 to 34.70, ;ood 33.75 to 3-J.50, medium 32.50 to 33.50. Choice heifers 31.50 to 32, good 30.50 to 31.50, medium 25 to 30.50. Good cows 23 to 24, medium 22 to 23, can- ners and cutlers 19 to 22. Early sales on replacement cattle were short-keep steers weighing 850 pounds up and "ing steady. No stock calves were offered. Good feeder steers 750 pounds up 34 lo 35.50. Hogs average base price 28.40. year. He added: "They worked hard at irrigation, drainage and fertilizer production last year and this should show good re- sults in 1972 provided the weather holds up." The main problem last year was an unusually low rainfall for a long period over central China, described as a four- month drought in some prov- inces. Another big advance came in the vital oil industry, where China is believed to be self-suf- ficient and possibly enjoying a surplus. In addition to the jump of 28 per cent in crude oil, natural By Geno fOK TMf ATHIEF-PROOF PUSHBUTTON STARTER THAT WUNTS BELOW THE DASHBOARD, CUTS OFF FUEL TO THE CARBURETOR UNLESS A 4TO 6-DIGIT CODE IS PUNCHED OUT ON THE KEYBOARD... Automatic opllon leaves one hand free to maintain order. Excellent all round visibility wilh tinted glass and heated rear window defroster. 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