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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 9, 1971, Lethbridge, Alberta y, fobiuaiy 9, I9n THE LETHBRIDGE HttAlD 17 AOXAXll Fractional rise in stock prices TORONTO (CP) Prices were mixed to fractionally higher in light mid-morning trading today at the Toronto stock market. On index, industrials gaised .13 to 178.37 and golds .08 to 177 80. Base metals dropped .12 Grain prices Winnipeg Groin WINNIPEG (CP) Trading was exceptionally light in all commodities well into mid-ses- sion of the Winnipeg Grain Ex- change today. All prices ex- cept barley were on a scale- down pattern. Flax and rapeseed had little exporter buying and hedge of- ferings were light. Barley had r slight increase in domestic shipper demand and prices were fractionally stronger in May and July fu- tures. There was practically no trade in Thunder Bay rape- seed, oats and rye. Export clearances of Cana- dian wheat Monday included bushels to South Africa. Volume of trade Monday in- cluded bushels of flax, of rapeseed and 000 of rye. Mid-session prices: Flax: May 1% tower 2.54OT; July lower Oct. lower Rapeseed Vancouver: March 2% lower May 2% low- er 284V8B; July 2% lower 2.73 Miscellaneous quotations Vancouver, Calgary, Montreal (Suppifcd by Doberty, Kwdhouse and McCuaig) LAST BID OR SALE WCSTI1H OILS Rapeseed Thunder Bay: April and June not open. Oats: May unchanged July and Oct. not open. Barley: May IVs higher 1.32; July higher Oct. not open. Rye: May not open; July lower IJflSA; Oct. unchanged 1.20A. Prices for Class Two wheat Monday for export to coun- tries outside IGA: 1 Nor 1.81 2 1.79 3 1.74% 4 1: Du- rum 1.79% 2 1.76% 3 1.67% 4 1.63% IGA prices: 1 Nor 1.81 2 1.79 3 1.74% 4 1.68% 1 Durum 2 3 1.67 4 Grain quotes Monday (basis High Low Close Flax May 255 253Vi 255% Jly 253% 252Vs 253% Oct 254% 256Vi Rapeseed Vancouver Mar 315% 310% 314 May 284V4 286% Jl> 276% 273 276 Rapeseed Thunder Bay Apr 302% 301% 302% June 289 289 Oats May 87% 86% 86% Jly 86% Oct 88 Barley May 132% 130 13074 Jly 129% 129 129% Oct 125% Rye May 117% 117% Jly 115'A Oct 120 to 94.54 and western oils .34 to 20805. Volume by 11 a.m. was shares, compared with at the same time Monday. Banks led advancing sectors. Dominion bridge was up to Aquitaine Vt to Rank Organization Vt to and Labatts Vt to Lake Dufault rose to Kerr-Addison Vt to Placer to Sherritt to Asamera Vi to and Canadian Superior Oil Va to International Utilities was down to Bethlehem Va to Northgate 10 cents to and Western Decalta 10 cents to MODEST ADVANCE NEW YORK (AP) Stock market trading moved at a rapid clip and prices staged a broad but modest advance early this afternon. At noon the Dow Jones aver- age of 30 industrials had moved up 0.89 to 883.01. Among Canadians on the NYSE, Dome Mines gained Vt to Massey-Ferguson was up at and up Vt were Alcan at and Granby Min- ing at On the American Stock Ex- change, Jupiter Corp. was up at Canadian Javelin was up at and Scurry Rainbow Oil was up Vt at Molyb- denite Canada was off Vt at BANKS UP MONTREAL (CP) Industri- als and papers moved lower while utilities and banks were up in light early trading today on the Montreal stock market. The composite index was off .04 to 175.40. Combined volume on the Montreal and Canadian Stock Exchanges at 11 a.m. was shares compared with a tthe same time Mon- day. Banks were up .48 to 180.26 and utilities .26 to 153.26 on index. Industrials dropped .19 to 179.84 and papers .24 to 94.50. Acquitaine was up Vt to The company has announced that it has received a favorable ruling on the Canadian tax con- sequences relating to a merger with Banff Oil Ltd. Acquitaine, a subsidiary of So- tiete N a t i o n a 1 des Petroles d'Acquitaine of France, will offer 52 of its stores for each 100 of Banff's beginning Feb. 15. Dome Petroleum was off to and International Utilities to Alt! EUt Almlntx Asamtfi Binff B. P. Oil CM South Cdn Exp Gas Ashland Grid Cdn Home Cdn Homt Pld Cdn Indus Gas Cdn Long Is Cdn Superior Cent Del Rio Charter Chleftan Dome Pete Dynam Pate 01 Plains Mill City New Cont North Cdn Oil Numac Permo Petrol Pinnacle Place Gas Ponder Ranger scurry Rain spooner West Decalt SOS 5.BO 12JS 4.35 5.40 14.50 12.37V1 .76 39.75 7.50 1.20 31.50 1.10 .65 775 .73 1.30 .83 96 i.U'A 1.15 J75 2.00 75 5 85 1.36 .63 15.75 !3.75 1.90 'MISCELLANEOUS INDUSTRIALS Agra Atco Indus Aquatatne Brit Hlld Corp Cdn Brew A Cdn Brew B Cdn Hyd Cerh Cdn Pac Inv C.P.R. Pld Crowsnest Ind Cygnus A Cygnus B Cum Proo Gt Cdn Oil Sds Gt Cdn Oil Sds Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay 0" Hud Bay Oil Hugh Rus Ptd 7.50 9.12V4 25.50 5.37'A 31.50 37.62 Vi 16.37'A 26.87V! 9.00 27.00 5.75 8.00 16.25 4.7S 100.00 28.50 2.05 17.00 40.75 58.50 22.00 Husky oil Husky on B Husky oil war Int Pro Plpo Int Utll Pfd Inter Steel jell Kaiser Res Kam Kotla Lake Out PI Ca MGF Mentor Newconex Pac Pete Rank organ Selkirk Hold Shell Canada Shell Inv Pld Shell Inv WIS Sicks Rainier West Cdn Sd While and Yuk CALGARY Acroll Anac Peta Barons Oil North Cont Plains Pete West Warner Madison STOCKS Alts Gas Tr L A 46.50 Alia Gas Tr Pld 79.00 Alia Nat Gas 24.SO Cdn W Nat Gas Inland Nat Gas 17.37W 3.14 334 43 50 CWP Invnt 5.43 5.93 I'm In St F 4.H 4.26 Deyfus F U.S. 1J.01 13.16 37 62W fir Equity t.a Gr In Shartl Invest Gr Invest mutual Mutual Ac Mutual Gr F Nat Rts N W Fin N W Gr Prlnclpll Gr 30.12V4 Unlttd Ac 18.12'A U 341M Arctic" Mining 3435 Atlas Explor 15.25 Beth Copper 325 Bornlte Rldo.1 365 Block Bros 17.25 Brenda B.C. Sugar 95 B.C. Sugar Pfd Capt Inter 'ojy, Churchill Copper 'avi Col cellulosa 43 coronation Credit Crtstbrook For I Croyden Dynasty Endako Fort Reliance Giant Mascot ,4 3U Granlsle 16 WA Key indust 12.62'A Groweri B 3.37 3.71 S.71 6.2S 5.23 5.72 J.19 5.71 t.n i.u 7.30 7.9S 4.34 477 5.14 5.65 4.03 4.13 4.61 5.07 7.15 .17 .61 13.87V4 .12 4.45 7.50 17.37V) 15.75 5.00 1.02 .42 .30 .15 Cdn P Pld 43.00 copper Lyltei Minerals XiicJn'pMd All Cdn Vent Amr Gr F Cdn Invest F Col Mutual Cmnw inter 5.13 Western Mines A 39 e. 82 WeStcoast Res 6 03 6.67 Western Explor 12.07 12.23 Utlca 1.15 6.00 .25 4.85 14.00 .51 4.50 9.75 .27 3.00 5.12'A .09 .12 6.40 2.17 .19 .03 1.42 4.20 .14 .34 1.60 .72 .29 3.30 .14 .30 .50 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE nun QuoieU MINIS m-.oo MII. a.m. QuoUl) .07 2.48 2-i.OQ 2.37 1.65 '1 Acme Advocate Asb, Akaltcho Area Minn Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Casslar Central Pat. Chlmo Con west Cons. Rambler Coin Lake Cochenour cralgmont Dlckenson Mine Denison Mines Deer Horn D'Eldona Dome Mines Donalda Disoevery Mines 1.1-i East Malartic East SulHvan Falcon bridge Frobex First Giant Y.K. Gunnar Granduc Headway R.L. Hollinger Hudson Bay M-S 21.00 Burns Hydra Ex. Highland Bell Northgate OpemTska Osisko Patino 1.50 Pine Point .Ofi'A Placer Dev. 200 P-C. Exp. Quebec Man 14i2Vi Rayrock 4 90 Radlore 2 30 Rio Algorn Roman Corp. SHverfields Sherritt Gordon Silver Miller Steep Rock Slscoe Tek Corp. Upper Cdn Texmont Western Mines Wright Har. Wiliroy Windfall 8.35 1.40 28.50 .01 .82 68.00 BIA Yellovwfcnlle Br. Zeninac 9.20 10.25 .30% 27.50 29.00 34.50 .92 .20 1.65 .30 17.62'A 7.10 1.75 17.37W 3.30 1.52 1.05 .14 INDUSTRIALS .ll'A J'Uo Abttlbi Alcan .29% Algoma Steel Atcolnd 190 Allan Sugar 7.00 Bell Tel 13 00 Brazil Trac 38.SO B.C. Tel 8.25 22.50 7J5 Beef futures WINNIPEG (CP) There was quiet trade on the Win- nipeg live beef futures market Monday with some contracts executed in March and May. Open High Low Close Mar. 31.75 32.75A May 32.25 32-MA Jly 31.75N GREATER KILLER In 1969, more people aged 15 to 45 died in Canada from acci- dents than from cancer or heart disease, the World Health Or- ganizati Iron Bay ISO Joliet Quebec Kerr Addlson Key Anaccn Labrador Lake Shore Leltch Langl! Sliver Madsen R.L. Malartic G.F. Marlln McNeely Maybrun Maclntyre Meta Midrim Intern Mogul New Athona New Calumet New Imperial Noranda ,22'A B.C. Forest 3.10 B.C. Sugar 3.50 CAE Ind l.EO cdn Brew .22 Cehmcell 10.62V5 Col Cellulose cal Power coron Credit C.W.N. Gas Cdn'lndust Canda S 5 Cdn Marconi Cdn VIckers Chrysler 35-50 13V4 'a 132.50 ;jj 1 42 31 25 comlnco Cons Bath Cons Gas Dist Sea Dom Bridge Domtar Dom Textile 17.87V4 (4.00 10.12'A 23.50 17.87VI 5.25 7.75 5.25 4.42V2 56.25 1J5 11.55 11.37% 30.00 3.50 8.50 26.00 70.25 11.00 20.00 51.75 15.37'A 14.87'A Dome StorM Dome Pete Fam Play Fd ot Amer Gt cdn oil Gen Motors Gt Lakes Pap Gull Oil Cda Hawker Sid Huron, Erls Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pp Inv Gp A Int Utilities Indust Accept Laurnetlde Kelly Doug Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloc Moore Corp Motsons A Molsons B North, Cent Pembina Pp Power Corp Price Co Rothmans St Law Corp Shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg westeel Union Car westons B Woodward's A West Cdn Sd Zenllh Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 9.8714 10.50 53.00 4.75 81.62V! 21.12V4 20.75 2.70 20.25 35.37'A 19.25 17.37'A 46.00 26.50 8.25 39.00 16.50 7.62'A 5.25 3.BO 4.95 35.00 15.00 27.25 34.75 15.75 16.00 15.87V2 23.U'A 5.50 8.75 14.50 19.00 34.50 18.50 23.00 26.87'A 11.50 30.50 9.42'A 21.25 15.87% 42.00 3.60 11.00 15.6PA 19.50 19.87'A 3.60 1.40 50.00 14.75 23.00 23.75 Rolls debacle felt LONDON (Reuier) A com- plete new contract with the Lockheed Aircraft Corp. ap- peared today to be the only way to save the Rolls Royce RB-211 jet engine. "If the project is to continue there must be a completely new Anthony Barber chancellor of the ex- chequer, told the House of Commons Monday night. The House approved the Con- servative government's plans to nationalize parts of the giant company, which collapsed Fn day. The crisis came after Rolls- Royce found it could not meet the terms of a contract to sup- ply the RB-211 engine for the Lockheed tristar DOESNT WANT RESCUE A report in The Times said Prime Minister Edward Heath was not interested in any Brit ish or joint Anglo-Amencan rescue project. The report said Heath anc his colleagues are not flinching from the certain prospect of a sharp increase in unemploy ment, as the failure of Rolls Royce sends repercussion throughout British industry. A Rolls-Royce subcontractor cut workers to three-day weeks today, the first majo labor impact from the collapse of the huge British aero-engin and automobile empire. Joseph Lucas Co., maker o gas turbine equipment for th RB-211, announced the wor cut. Layoffs for up to 25 pe cent of the Lucas labor forcr were reported likely. The Rolls debacle, which expected to lead to idleness fo to Rolls worker came when the January job less total reached three per cent of the British labo force. This is high for Britain Livestock report Gulf Oil COPPER PRODUCER In 1969, The Congo produci tons of copper and tr 1970 record is expected to Lethbridge Livestock (Supplied by Canada Jepartment of Agriculture) On offer to 11 a.m. cattle. Receipts mostly plain qual- y, active. No strictly wice high yielding steers on fer. Other grades selling gen- s-ally steady. Good and choice utcher heifers meeting very ood demand, prices 25 to 50 cents higher. Medium and good cows selling steady. Medium uality heavy feeder steers nee ting good demand at :eady rates. Low choice steers 31.50 to 2; good 31 to 31.50; medium 29 to 30.50; choice heifers 29.50 o 29.90; good 28.50 to 29.25. Good cows 19.50 to 20.50; me- ium 18 to 19; canners and cut- ers 15 to 17.50. Medium heavy feeder steers 30 to 31. Butcher hogs sold Tuesday .o.b. Lethbridge 23.00 base price. Tuesday morning's hogs vere all sold for export, price converted to 18.30 liveweight. Monday's sales hogs. All classes of weaner ant feeder hogs meeting indiffer cnt demand. Weaners sok about steady. Light feeders un der 100 Ibs. or more lower heavy feeders over 100 Ibs generally steady. Weaners 6 to 9.75; light feed ers under 100 Ibs. 9 to 13 lieavy feeders 100 to 130 Ibs. 1 to 18; heavy feeders over 13 Ibs. 20 to 26. Light feeders under 100 Ibs sold from 15.50 to 19 per cwl heavy feeders over 100 Ibs. 1 to 16. Calgary Livestock CALGARY (CP) On offc to 11 a.m., about 950 heac mostly good and choice slaug ter steers and heifers. Trad was moderate. Slaughter steers were steal with last week's close; heifers were fully steady to strong cows were steady with Mm day's advance of with hei fery kinds higher. Choice slaughter steers 32: to 32.80, good 31.25 to 32.2 medium 30 to 31. Choice hei fers 29.50 to 30.10, good 28.50 29.25, medium 27 to 28.25. Got 20.25 to 21, medium 19 to 20, corners and cutters 16 to is! Replacement cattle were mostly heavy, fleshy, short- ;eep "steers selling at steady ices. Insufficient stock calves offered to establish a arkct. Good feeder steers more than oO pounds 31 to 32.80, less than 0 "pounds 31 to 35.75. Good .ock and feeder cows 18 to 22. Hogs base price 22.45. Portland Livestock PORTLAND (AP) Cattle nd calves receipts 500 slaugh- T mostly steady. Slaughter steers couple small ots choice to Ib. 29.90 31.50 small show-ing good 23 u 30 slaughter heifers most ood 24 to 28 few high good ).75 to 29.10 slaughter cows Oility 18.50 to 22.50 few high ressing holstein 22.75 to 23. Slaughter bulls high dressing commercial 31.50 most com- mercial and good 26 to 28; feed- r steers few good 700 to b. 25.75 to 27.25. earnings I decline CALGARY (CP) Gulf Oil Canada Ltd. earned mD- lion or 89 cents a share during 1970 compared with mil- lion or a share the previous year. The 1970 earnings included S1.2 million in extraordinary gain from foreign exchange after the Canadian dollar in- creased in value relative to other currency. The company said the de- crease in earnings was caused by interest charges for devel- opment of refineries at Point Tupper, N.S., and Edmonton, an increase in provision for in- come taxes, operating prob- lems with a plant at Varennes, 3ue., and price erosion on some products. Potato futures WINNIPEG (CP) The Mar- time potato futures market was nactive Monday. Open High Law Close Mar 32.75 32.75B Apr 2.50B May 2.90B Oil companies complete merger CALGARY (CP) Houston Oils Ltd. and Ensign Oils Ltd. have announced completion of formal arrangements of a mer- ger. The new company will be called Houston Oils Ltd. and each Ensign shareholder re- ceived shares in the amal- gamated company. The Ensign office will be transferred to Houston's office by Friday. njn, WU Co. CHARTERED ACCOUNTANTS 1003 4th Avenue South, Lethbridge Announce the opening of a PROFESSIONAL OFFICE At 140 Main Street North MILK RIVER, ALBERTA Attended Thursdays 9 a.m. to p.m. TELEPHONE Lethbridge 328-4426 Milk River 647-3544 JIYew? York stocks Supplied by Richardson, Securities of Canadi Amr T and T Anaconda Bth Steel Chrysler Comsat Dupant General Motors Gulf in) Harvester Kenn Copper 1 ward 'nv, ltd Oil ot N.J. 71.00 15 W 0115 20779 off M 2712'A Texas Gulf Volume Texas Co 35.00 EW YORK AVERAGES 'SSS'oW Elec 30 Indus, mo, UP AVERS? S 7 50 Indust 178.53 up .29 OS Stocks UP Calgary firm buys coal CALGARY (CP) Atha- basca Columbia Resources Ltd. of Calgary has acquired coal and base metal mining interests from TVI Mining Ltd., also of Calgary, in exchange for treasury shares. The agreement gives Atha- basca Columbia a 50-per-cent stake in 13 separate prospects valued at Included are three coking coal properties in west-central Alberta, one near Kakwa River in the northwest part of the province and ons southwest of Calgary. Four of the base metal prop- erties are in northern Saskat- chewan and four are in British Columbia. We can lend to nearly every type of enterprise: manu- facturing wholesale and retail trade tourism and recreation... construction... agriculture... transporta- you need financial assistance to start, expand, or modernize a business anywhere in Canada, we invite you to discuss your requirements with us. Hog prices EDMONTON (CP) Prices to 11 a.m. today provided by ie Alberta Hog Producers Marketing Board: Edmonton: Quoted 20.30 to 20.40, selling 20.40, average Monday 22.08. Calgary: Quoted 20.30 to 22.35, selling 22.35, average Monday 22.45. Red Deer: No sales. Average Monday 22.09. Lethbridge: Quoted 23, sell- ing 23, average Monday 22.60. Lloydminster: No sales. Av- erage Monday 21.75. Grande Prairie: No sales. Total hogs sold Monday 607. Average 22.17. Sows 13.50. LIVE AND WORK Some foreigners live and work in Kinshasa, the capi- tal of The Congo. A practiced persok buys a practical oar simply because it s prachcal. The fact that the car may be ugly doesn't seem to bother him. But it bothered us. Why cant a practical car be we asked. And then along came our Coupe. The Coupe is every bit as practical as the ugliest practical car. Only it s not ugly it's beautiful. The'stearing wheel is simulated wood grain. The bucket seats are high-back and fully reclining. The floor is carpeted. The glass., is tinted. The interior is padded. The ride is quiet. From a practical point of view it gets up to 35 miles per gallon from a powerful 23 hp engine. It has front disc brakes arid an electric rear window defroster. It's big enough for a small family, small enough to park easily and surprisingly sells for everything. So now, a practical person can buy a practical car simply because it's beautiful. ed list price F.O.B. Vancouver. FreiBht, ptovmcml and local taxes extra TERM FINANCING FOR CANADIAN BUSINESSES LETHBHIDGE, Alia.: Ave. South-Tel.: 328-9681 COUNTY OF VUICAN NO. 2 SUPERINTENDENT OF SCHOOLS Vulcan. Officer of the School Committee centering qualifications and experience. COMMENCEMENT DATE: To be arranged. Expected to be March 15-Apnl 1, 1971. CLOSING DATE: February 15, 1971. Applicant! are requeued to submit a written resume o their training and experience, reference, and salary expected to Selection Committee Chairman, Superintendent of Schools Competition, County of Vulcan No. 2, P.O. Box 180, VULCAN, Alberta. TOYOTA I OH Toyota sold and Iron- coast to m Canodc, nnd tnro. L. IETHBRIDGE TABER TOYOTA TRAVEL CENTRE KENWAY TOYOTA Box 1202 Box 1108 Coults Highway Telephone 327-3165, 327-3711 Telephone 223-3434 CARDSTON WOLFF SON TOYOTA Box Telephono 653-3252 ;