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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 10, 1972, Lethbridge, Alberta Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCuaig Limited) LAST BID OR SALE Thurtdoy, February 10, 197J THE LETHBRIDGE HERALD 19 Grains fuse lit but fizzles Industrial stocks sharply higher TORONTO (CP) Industrial issues on the Toronto stock market moved sharply higher as prices in most sectors posted gains in moderate mid-morning posite .99 to and papers .25 to 87.24. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 83, shares, compared with the same time trading today. The industrial index was up I 21'.200 at 1.03 to 198.07 and golds .00 to I Wednesday 175.80. Base metals were down Koncjer rosc to 7L to Bank of .Montreal to Ti.. Royal a.m. Quotes) WESTERN OILS Alrninnx 5.60 Alta Ensf Gas A.05 Asamnra BP Oil Gai Can Sniilh Cdn Gas Cdn Homestd Cdn Homo Pfd Cdn Ind Gas Oil Cdn Lont] Is a.m. Quotes) HurJ Bay Oil J3.00 Hud Bay Oil Pfd 54.00 6 05 Hugh Russelt 94.00 Huiky Oil 16.25 13.50 Husky Oil B 575 Husky Oil War fi.O't rf.tO Inter Prov Pipe 15.75 3.85 Inler Prov Sleel 9.00 00 Kaiser Res 4.05 17 WW MGF AAanagt 7.75 Pacific Pete .60 Rainier -1.75 a.m. Ouotei) In Gr Fund 11.97 13. In Mutual 5.71 675 Aftut Accum Mut Or Fund Mat Pfr, M.W. Finance N.W. Growth Prin Growlh Roytund UnilH Accum Uni IMvinq-, VANCOUVER MINES i 7.1 6.31 5.75 d.-jf. 7.'6 7.G3 1.87 5.35 -1.61 fi.17 fi.42 5.37 5.84 8.67 .06 to BC.34 and western oils 1.11 to 219.0-1. Volume hy 11 a.m. was i R shares, compared with r at the s a m o time i ,'2E. Wednesday. i Trading was halted at the 'Imasco Ltd- to Intrrnational to and to Union Carbide lost to Chnrlfir rhiefun Durnfi Pete Gt Plain'. Gt Cdn Oil Lorhiel North Cdn Oil NurruTC Pan Cdn Pete Pan Ocean Petrol Pinnacifi Place Gas Ponder Rancjer Scurry Rain Spooner Seibens Total Ulster 1. West Decsttfi 7. West Pfito 10. MISCELLANEOUS INDUSTRIES Aquataine opening in the shares of La Luz i T S2Q1 Quebec I Mines, pending an announce-! QU racnt by the company. The' telephone to company, stock closed W e d n e s d a y at t Advances outnumbered de- clines 33 to 101 with 203 issues unchanged. Banking, beverage, industrial mining, communications and pipeline stocks moved sharply higher. Food procesing, oil re- fining and utility isues edged fractionally lower. to Canron nd Canada Cement La- to IIKAVY TRADE NEW YORK CAP) Stock market prices were up sharply today, carrying Wednesday's rally into new high ground. Trading was extremely heavy on the New York Stock Ex- witn 10-8 million shares changing hands during the first Cdn Brew A Cdn Brew B Cdn Pacilic Inv Crowsne'it Ind Cycjni'S A Cycjnus B Falcon Copper Genstar Home A Home B Hud Bsy Co 1.75 Wesf Cdn Seed 5.67' 9.10 White Yukcn 12.371 32.37V? CALGARY Acroll .55 Barons Oil .05 Madison .15 K'ortrt Con! .0? tS.lI1-? yyeEj .55 PIPE LINE STOCKS 1275 Alta Gas Tr A Alia Mat Gas Pfd SO.00 Alta Nat Gas 22.00 In Hat Gas 14.50 Nor and Cent Gas Nor and Cent B 28.00 Pac Gas Trans 13.75 pv, Gfl7 6.35 silver "tsr, Gnz Metro A 67.12V: Texmont Trans-Cda Pipe 40.00 Trolan Trans-Cda Pfd B dJ.OO Vallcv fcnr-pr Trans-Cda Pfd A 75 M Trans-Cda P 14.00 Trans 29.00 Block Brcthers West Resources 10.00 B c MUTUAL FUNDS Sugar Pfd All Cdn Corn B.6H 9.49 Cap Inter All Cdn Div 9.69 10.59 Cres! Fcr Ind All Cdn Ver.t 4.30 Grower's "B" 6.S5 7-30 Key industries 3.35 Hys 5.0! 5.50 Inler Brew 6.67 7.32 inter Mariner 14.23 15.64 Okan Helicoo 3.76 jUS Pac West Air 5.95 6.50 5fam Inf'l Re? 5.14 5.62 OILS Drey Fund U.S. 12.85 14.OB Albany Oils Gr In Shares 3.B7 Plains Gr Equity 7.15 7.E5 West Explor 1.31 9.15 Alias Pxplor Bath Horse Brenda Clwrh Copper Dr.iJy Varden Dynasty Forl Reliance Giant Mascot Granislp Kam Copper Lornex Win 575 30 50 35.75 26.25 Amer Gr AGF Spec Cdn In Fu-nd Coll Mutual Cornm Inter 6.62V; Comm Lever Corp invest 15.00 corp In St Fd 33.37V: 3.70 20 (K) 1625 7.371.1 EDMONTON (CP) 'Hie diate action rejected in a prices, creating a disadvantage of Montreal, But tile western feed grain fuse to the explosive feed grains problem was ignited Wednesday the Canadian Federation of Agriculture annual meeting but it fizzled when the delegates re- ferred it to a committee for fur- ther sudy. standing vote. Albert Allain president ill Catholique des Cultivateurs, moved that as long as the feed grains situation was unresolved, the federal gov- e r n m e n t should pay the The federation's feed grains: amounts necessary lo the Cana- committee, co-diaired by E. A. I dian livestock feed board to en- Bodcn of Regina, Saskatchewan able he board to absorb en- Federation of Agriculture presi-j lirely "any prejudice created to dent, and Roland Pigeon of! the position of Eastern Canada Montreal, of the Co-operative j and British Columbia." Federee de Quebec, presented a The problem is complex and 16-page interim report. It said j involves the area of jurisdiction the committee had not had j of the Canadian wheat board enough time to study and asses the situation fully. Delegates, representing all provinces except Newfoundland, approved the committee's rec- ommendation fhat it complete and freight assistance paid on feed grain moving from the Prairies to Eastern Canada and British Columbia. Feed grains must be pur- chased through the wheat board top-prority by eastern livestock producers, eastern delegates said, while Ihe study basis. ut a subsequent attempt by j we stern livestock producers the Quebec delegation to have have access lo feed grains out- tile federation take .some imme-' side the board's control at lower Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE Cambridge Leaseholds was up I two hours, to Four Seasons Hotels Tlle Dow Jones averaSc of to Inco lo industrials at noon was up 7.45 at 926.17. Lougheed warns of storm cloud j Wednesday penetrated its old CALGARY (CP) Nation- I recovery high of 317. With alistic pnijcje5 toward foreign i profit-Inking pressure dried up, could weaken the Scurry-Rainbow 'j lo Slii'i and Bank of Montreal to Sin. i Analysts said institutions Thomson Newspapers rose v2 j started buying vyhen the Dow to Hudson Bay Mining '.i I Wednesday penetrated its old _........ ,.....__._ to S22, PanCanaclian Pete to recovery high of ith J alistic pniicjes toward foreign Koffler Stores -s to and Falconbridge V.i to Bow Valley dropped Tara Numac "4 lo D.'NKS UP MONTREAL (CP) _ Banks sliol ahead more than three to to and there was little resistance to a new rally, they said. The Asociated Press GO-stock average at noon was up 1.5 at 332.4. A block of shares of expected federal policy Xcnith Radio changed hands at points and prices were higher in S4r- unchanged free enterprise system and lead to a socialistic approach, Premier Peter Lougheed said The Alberta leader said an state- all sectors 'in light mid-iribrnur': Noon Bruns- trading on the Monlroal stock wlck 11P Pl to S4C: up to and Pfizer off lo Inlernalional Nickel was up al McTntyre Porcupine I was off 1 at and Walker- Gooderham at Off 'i were JIassey, at and Gen- market today. The bank index rose 3.4H to 209.41, industrials .111 lo 200.20, utilities .29 to 1C2.73, the com- News under quiz 't Ltd., at S141 Scurry Rainbow Oil was up r''n nt SIH'L. on the American Slock Exchange. Grain prices Winnipeg Grain the Winnipeg a moder- Many people feel lost when i someone drops a comment on newsworthy activities. i If you're confused aboul news names and happenings the! WINNIPEG (CP) Oilseed daily newspaper is a more I WCTC firm at mid-ses- available substitute for the nub- j on lie libraiT, and an excellent source of information. The Herald is providing a helpful service lo interested persons, publishing a Weekly News Quiz on page 5. This quiz constists of a pic- ture to identify, contemporary words which must be matched with their meanings, names to match with their associated ac- tivities, and a family discussion question. I! is suggested that parents might find it a valuable source of information not onlv to their children but also to themselves as well. It is an entertaining method of increasing personal knowledge. Teachers may also find it valuable as a discussion topic or as homework assignment material. Grain Exchange on ate volume of trade. Exporters were active in both rapeseed and flax and the market was up to two cents Wednesday's volume of trade was 430.000 bushels of flax, 225.000 of rye and of rapeseed. Mid-session prices: Fla.x: May higher July Pi higher 2.61 A; Oct. un- changed 2.64'iA. Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- jket to 11 a.m. totalled head; mostly slaughter cattle. Trade active. Slaughter steers sold steady. Heifers steady with sales to 32.50. Cows were mostly medi- um and eanner kinds with all grades selling sleady. Bulls steady with the odd sale to 18. Choice steers 34.50 to 34.90, i good 33.75 to 35.40, medium 32.50 to 33.50. Choice heifers 31.50 to 32, good 30.50 to 31.50, medium 29 to 30.50. Good cows 23 to 24, medium 22 to 23, canners and cutters 19.50 to 22. Good bulls 26 tx> 27.50. Replacement cattle were scarce being mostly heavy short keep steers, selling at steady prices. No stock calves were offered early. Good feed- er steers 750 pounds up 34 to a.m. Quotes) MINES a.m. suoiesl Bethlehem BrunswitK Canada Tung. Cassiar Central Pat. Con west Cons. Rambler Coin Lake Cochenour Crftigmonf DicKenson Mine Donison Mines Deer Horn D'Eldona Dome Mines Drfialda Discovery MlneD East Malartic East Sullivan Fakonbrjdce Giant Y.K. Bcvis Granduc Headway R.L. 7.50 Hollinger 3B.37V Hudson Bay M.S 22.00 Hydra Ex, Iron Bey ment on foreign ownership could be an approaching storm cloud for the province. "That is not to say that we should not have policies and action to permit Albertans to j participate in natural resource j development to a higher de- gree and more use of Canadian! talent and services." Mr. Lougheed told the annual meeting of the Canadian Asso- ciation of Petroleum Geophysi- cists the government is also planning stronger controls on i KCV Anacon pollution. j However, "if further controls ilnlis silver prove to be inconsistent or am- j RrLc biguous or if we move to Kin strongly, we expect to hear from you." He also said the government i wants to move the province j New Aihona away from heavy dependence cniumei on the petroleum industry to j CopKr avoid the ups and downs of a i one industry economy. The standing committee on public affairs will hold public hearings on oil royalty rates, he said, so opinion can be gath- ered from both inside and out- side the industry. The rates, which have previ- ously been set by long term agreement, come up for review this spring. Any new royalty policy would be brought before the legisla- ture for approval, he said. Osisko Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algom 1 Roman Corp. 19.62VJ Sherrttt Gordon 1 1.60 silver Mirier 1.15 Steep Rock B.35 Tek Corp. Texmont Upper Canada Western Mines Wright Harqreaves Wilfroy Windfall Yelfowknile Bear Zenmar. INDUSTRIALS Abltibi Alcan 1 Algoma Steel Atco Ind Atlsn Sugar Agra Ind Bell Tel Brazil Trac 19.00 3.10 1.50 1.70 .10 .36 820 i.ia 28.50 63-00 1.35 3.10 60.50 .26 29.00 26.25 3.00 l.i.00 7 131 a.m. 0 Dcfasco CAB Fd of Amer Gt Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial oil Imasca Int Nickel Int Inv Gp A Int Utilities Indus! Accept Laurentide Kelly Doug A Lceb Loblaw A MaE5c-y Ferg McMillan Bloe Mo'soi 73.00 5..JO 00.75 17.75 37.00 17.25 2.90 30.50 46.00 30.75 32.25 10.25 47.50 i 21.62V; 6.M producers maintain the wheat board must retain marketing control to allow them to receive the highest return possible. Western livestock producers say their eastern counterparts make savings because they are closer to markets in areas of concen-! trated population. i Mr. Allain said there was a i new attitude wiUiin the major farm federation because while Quebec had broached (lie prob-1 lem at CFA meeting for many years, "now ;.t least you (the delegates) seem to be willing to listen to us." An outspoken critic previously of the wheat board's "moncpoj- islic" and "dictatorial" stance, Mr. Allain conceded his calls the future of agriculture de- pends on setting goals. He said he is optimistic that world food production will in- crease but the products Canada would be called on to provide might be different from the- traditional ones. Frost hits wheat crop Russia MOSCOW (Renter) Unu- sually bad weather conditions in parts of the southern Soviet Union, including severe frosts for the scrapping of the j with little snow, are threatening had not been realistic. parts of this year's winter Such an attitude by Ihe! crop. Quebec delegation would be! Reports in the agricultural "disloyal to Prairie grain pro-1 press said temperatures had he said. dropped to near zero in the "It is difficult to ignore the i northern Caucasus, a key area Canadian wheat board but if we Jfor the crop, admit the beard has to continue j Western analysts in Moscow to protect grain producers, it is sald ll not >'et be esti- logical that we insist both East j nlated how much damage was and West should be treated in llkely lo be done> although offl- ine same way and have free ac- cess to feed grains." Dr. T. K. Warley, dean of ag- ricultural economics at versity of Guelph, told the 150 delegates that Canada is far be- hind Ihe United States and that cial reports had already admit- ted to some damage. There has been insufficient [JieVnl- snmv as a cover for ihA i in the winter crop planted in the Mol B North, Cent .1.60 3.SO 22 dit I Norlex Burns B.C. Forest B.C. Sugar Bow Valiey CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Cr C.W.N. Gas Cdn indust Canda t 5 Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cdn W.N. Gas Dist Sea Dorr, Brldrre m Stores me Pete Sugar industry probe pressed BISMARCK, N.D. (API Gov. William L. Guy called to- day for a Congressional inves- tigation of the United States sugar industry, partly to deter- mine %vhether there is "an in- terlocking interest" SI La' Corp Shell CDA Simpson's Simp Jears Steel of can Selkirk A cries handling cane and beet sugar. In a letter to North Dakota's j two members of the House of) Representatives asking them to press for the investigation. Guy cited shutdowns by sugar beet! refineries in recent years. planted autumn. The Rustov area lias been particularly affected, and there was a possibility of some damage in the southeastern Ukraine, analysts said. The Soviet winter wheat crop is grown mainly in the northern Caucasus, the southern Volgo- grad area, the Ukraine and Jlol- davia. Exports said that the area hit by these conditions covered more than half the total winter wheat crop, but the conditions would not necessarily cause a complete crop to be destroyed, in refin- Only certain areas within the region were they said. likely to suffer, Dividends By THE CANADIAN PRESS Robinson Little and Co. LW.. He said he found it strange j common K cents; class A K that in spite of increasing na- tional demand for sugar, the interest by refining companies in North Dakota and western Minnesota as beet growing locations has decreased. cents, both March 1, record Feb. 15. Crown Life Insurance Co.. year ended Dec. 31: 1071. S5.04 million profit. S2.52 a share; 1970, S780.000 loss. 39 cents. Anaconda Beth Sleel Chrysler Comsat Dupont Gen Motors Gulf ]N7eic York stocks (Supplipd By Richardson Securities of Canada) ;nd T rocessmcr an a i stems if s 45.00 17.00 32.00 31.25 67.00 163.50 Sears Std Oil ol N.J. Texas Gulf Texas Co Wicks Corp worth I 33-75 20 Golds 177.-n up 1.67 10 Base Met up .10 15 West Oils 219.45 off .70 Vclume NEW YORK AVERAGES 30 Ind 926.17 up 7.45 20 Rails 256.52 up 1.54 15 Util 114.26 up .09 TORONTO AVERAGES 65 Stocks 320.03 up 2.01 I 20 Ind 198.46 up 1.42 Volume West Elect 27.00 y s_ SJeei 33.62V, 46.75 45.75 1003 4th Avenue S., Lefhbridgo Telephone 328-4426 'rt'oc ervices By Gene IF YOU WANT YOUR UNBORN SON TO HAVE A HIGH IQ, HE SHOULD HAVE PLENTY HCRMONE-DURiM? PRENATAL LIFE. A JOHNS HOPKINS REPORT INDICATES CHILDREN WHO HAVE HAD AN EXCESS OF ANDROSEN HAVE HIGHER THAN INTELLIGENCE... Sep. 2 higher 2.50B; Nov. 1 higher 2.44B. Rapeseed Thunder Bav: May 2 higher 2.39S; July l" higher 2.383.i; Oct. 1 higher 2.MH; Nov. 3i higher 2.40B. Oats: May unchanged July not open; Oct. unchanged 70 B. Barley: May unchanged July and Oct. not open. Rye: May higher 1.01'aB; 32.50. Hogs average base price 28.75. Lambs sold SI higher Wednesday. Good lambs 24.50. m MGVJS wfEWses July 'i higher SS'A; higher 1.01'-j. High Low Flax May 2K'i 2613s Get 261's Ilapesocd Vancouver Mar 255'i .lun 247U Kcp Nov liaiicsrcd Tliinirirr May 23C, Jly' Oct Nov Oats May 68'-; Jly Oct _ liarlcy May 109' Jly Orl Uye May 1015s Jly Oct. 257 2411-l 2 la 243 68'i 68Vi IM'i Hog prices EDMONTON (rp) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 28.90, average Wednesday 28.80. Red Deer: 28.90, average Wednesday 23.98. Calgary: 28.75, average Wednesday 25.82. Lethbridgc: N i 1, average Wednesday 28.81. I Lloydminster: Nil, average Wednesday 28.45. Grande Prairie: Nil, aver- age Wednesday Total hogs sold 904, total hogs sold Wednesday Av- erage Sows average 19.85. 100'2 07U Oct 101% 98 NOTICE OFFICE HOURS IETHBRIDGE SCHOOL DISTRICT NO. 51 Effoclivo Monday, February 14, 1972 offico hours in Hio Administration Centra will be: to a.m. and to p.m. Monday to Friday Beef futures WINNIPEG (CP) Live beef futures close Wednesday. Mar. 35.25N; May 34.10A; .Tly 33.25N. Tuesday's volume: 10 cbn- tracts. Miners drinkers CONCKPCION, Chile (Ren- ter) At least 42 per cent of Chilean miners die from cir- rhosis of the liver caused by cx- cessivo consumption of alcohol, President Salvador Allcnde said Thursday. The president signed a decree selling up a commis- sion !o combat what he called Chile's "most serious social ma- lady." While other imports hove raised their pricey we at Volkswagen still think small ;