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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 16, 1971, Lethbridge, Alberta Stock prices dip in light trading TORONTO (CP) Prices mixed to fractionally lower in light mid-morning trad- ing today at the Toronto stock market. On index, industrials were down .26 to 178.05 and golds 1.84 to 178.98. Base metals rose .24 to and western oils 74 to 211.84. Volume by 11 a.m. was shares, up from at the same time Monday. Gains outnumbered losses 137 to 101 with 184 issues un- changed. Weakest sectors were food processing, industrial mining and steels. Among declining issues, Fal- conbridge was down 1 to Leigh Instruments to Inco to Rothmans ft to Pine Point to and Hudson Bay Mining Vs to Thomson Newspapers rose to Shell to West- coast Transmission to Bankeno 20 cents to Northgate 15 cents to Roman 15 cents to Bethle- hem to Asamera Vi to Canada Southern Pete 20 cents to and Canadian Ex- port Gas 20 cents to BANKS DOWN MONTREAL (CP) Only banks declined as all other sec- tors moved higher in light early trading today on the Montreal stock market. The composite index was up .08 to 175.84. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 a.m. compared with at the same time Mon- day. Banks were down .11 to 179.60 on index. Industrials gamed .05 to 180.63, utilities .29 to 152.90 and papers .83 to 94.77 BC. Forest Products gained to following an an- nouncement that it will close its sawmill at Point Elice, B.C. The company said the mill could be reopened in May de- pending on market conditions. Q.S.P. Ltd. was up to Canadian Salt to West Coast Transmission to and Moore Corp. H to Rothmans declined to and TransCanada Pipe- Line to PRICES UP NEW YORK (AP) Inves- tors renewed their assault on new recovery peaks today as further declines in prime lend- ing rates pushed stock prices higher in heavy trading. At noon the Dow Jones aver- age of 30 industrial stocks climbed 2.74 to 891.57. Among C a n a d i a n s on the NYSE, Distillers Seagrams gained 1 to Canadian Pa- cific was up H at and Granby Mining was up at International Nickel fell to and Walker Gcoderham was off at On the Amex, Scurry Rainbow Oil gained to and Mol- ybdenite Canada was up 'A at Livestock Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to a.m. 110 cattle. Receipts mostly medium quality slaughter steers. Trade moderately active, good to low choice butcher steers meeting an indifferent demand. Prices 25 or more lower, no strictly choice high yielding kinds on offer, medium igrades 50 lower. Medium and good cows under pressure, prices 50 to lower. Medium heavy feeder steers meeting only fair demand, prices easier to 50 lower. Choice steers 31.25 to 31.50; good 30.50 to 31; medium 28 to 29.50. Good cows 19 to 19.50; me- KAISER RESOURCES LTD. ANNOUNCEMENT Graham R. Dawson C. Lee Emerson, President of Kaiser Resources Ltd.. announces Ihe election of Graham R. Dawson as Vice Chairman of The Board of Directors, and a member of the company's executive com- mittee. Mr. Dawsofl, who is President of Dawson Construction Lim- ited of Vancouver, joined Kaiser Resources' Board of Directors in May of 1970. He is also Chairman of the Board of Dawson Developments Lim- ited and Interior Contracting Co. Limited, and President of Dawson Hall Ltd. and Sansan Installations Ltd. He is a graduate of Royal Ftoads Navai College and the University of British Colum- bia. Mr. Dawson is also a Director of Andres Wines Ltd., Canadian Mines Services Ltd., Forest Lawn Developments Ltd., Hayes Manufacturing Co. Ltd., Mullipak Custom Can- ners Ltd., Sceptre Dredging Co. Ltd.. and Seaboard Life Insurance Company. A past President of Ihe Van- couver Board of Trsde, Mr. Dawson is a member of the Canadian Chamber of Com- merce, the Employers Council of British Columbia, Heavy Construction Association of British Columbia, Professio- nal Engineers Association of British Columbia and Tho Canadian Technical Asphalt Association. canners dium 17.50 to 18.50, and cutters 14 to 17. Medium heavy feeder steers 28.50 to 30. Butcher hogs sold Monday f.o.b. Lethbridge 22.25 to 22.75 jase price. Mondayls sales hogs. All classes of weaner and !eeder hogs met improved de- mand. Weaners sold higher. Light feeders under 100 IDS. to higher. Heavy feeders over 100 Ibs. sold steady. Weaners 6-11; light feeders under 100 Ibs. 10.25 to 15; heavy feeders 100 to 130 Ibs. 14 to 19; heavy feeders over 130 Ibs. 20 to 22.50. Light feeders under 100 Ibs. sold from 16-20 per cwt.; heavy feeders over 100 Ibs. 13 to 16. Bred sows and gilts 34 to 46 per head. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 650 head; mostly mixed grades of slaugh- ter cattle with a large number of cows. Trade was moderate Slaughter steers were steady with choice kinds scarce; hei- fers were steady; cows were steady with heifery kinds to 21 and bulls were unchanged. Choice slauughter steers 31.50 to 32, good 30 to 31.25, medium 29 to 30. Choice heifers 29.25 to 29.60, pood 28 to 29, medium 26.25 to 27.75. Good cows 19.50 to 20.50, medium 18.50 to 19.50 canners and cutters 16 to 18 Good bulls 23.50 to 25.40. Replacement cattle were scarce with most offerings heavy fleshy steers at steady prices. Good feeder steers more than 750 pounds 30 to 33.70; good stock and feeder cows 18 to 22 Insufficient stock calves offer ed to establish a market. Hogs base price 22.60. i Miscellaneous quotations j Gram price review Vancouver, Calgary, Montreal (Supplied by Doherly, and McCuaig) LAST BID OR SALE A.m. QoolM- am. Cu Ill.-CO m. WESTERN OILS Alta East inex era Banff BP Oil Gas Can South Cdn Ex Gas Husky Oil Husky Oil B 5.85 Husky Oil War inter Prov Pipt 13.1214 mti utn Ptd J5.00 Corp Invest 9.40 Corp In St F 4.M 5.34 GT Equity 6.00 6.59 3425 Gr In Snares 3.35 3.69 6.JO inter Steel Pipe 8.874 Invest Gr 5.60 Jefferson Lake 11.12U Invest Mutual J.8Q Cdn Homestd 9.03 Cdn Home Pfd 16.00 Cdn Ind Gas Oil 11.62'. Cnd Long is Cdn Super Cen Del Rio Charter Chleftan Dome Pete Dynmaic Total Pete Gt Plains Mill City New Cent Norfh Cdn Oil Numac Permo Petrol Pinnacle Place Gas Ponder Ranger l Scurry Rain Spooner W. Decalta Kaiser Res Karri Koiia L Ont Port Ccm MGO Manage Mentor 6 SO 1.12 2.SO 2.25 7.20 86.50 1.19 7.20 32.25 1.30 .78 1.38 .59 15.50 26.00 1.95 6.20 5.EO 31.25 10.50 MSICELLANEOUS INDUSTRIALS Agra ind Atco Ind Aquataine Brit Nfld Cdn Bew A Cdn Brew B Cdn Hydro Cdn Pacific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil S Gt Cdn Oil 6-75 Home A Home B Home Pitfld Hud Bay Co Hud Bay Oil 4i.87> Hud Bay Oil Pfd 57.25 Hugh Russell 21-50 .70 39.62! 13.8712 Pacific Pete 7.CO Rank Org Selk Hold Shell Canada Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Seed White Yukon CALGARY Acroll Ana Pete Barons Oil North Cent Plains Pete West Warner .39 Madison -38 Rexdale -15 PIPELINE STOCKS Alta Gas Tr L A 47.50 Alta Gas Tr L Pfd 76.00 Alta Nat Gas 2J.OO Cdn W Nat Gas U.OO lnland Nat Gas N and C Mutual Mutual Gr F Kat Res N W Fin N W Gr Principal Gr Royfund United Ac Universal Sav 7.1 VANCOUVER Anuk 3d 25 Arctic Mining U Atlas Explor Beth Copper 3 so Bornite RIdgo Block Bros Brenda __ B.C. Sugar B.C. Sugar pfd Capt Inter Churchill Copper Columbia Cel! Coronation Credit 10.68 11.63 5.23 5.72 5.20 5.72 5.06 5.56 7.32 E.CO J.3I i.ll 5.33 5.75 4.03 5.39 5.55 15. CO 655 17.75 16.10 5.00 98 625 1.15 CrestnrooK For Ind 650 irden 5.25 30.12W 37.25 1S.B7W 26.75 28.00 5.50 7.50 lfi.75 5.25 100.00 28.50 2R.35 2.00 Croyden Dolly Va Dynasty Endako Fort Reliance Giant Mascot Granlsle 11.62T'i Key Indust 15.62V3 Growers B WINNIPEG (CP) Volume, Rapeseed Vancouver: March of trade was moderate at mid- 1'a higher May 2's high- session on the Winnipeg Grain er 2.9m, July higher 2.77 Exchange today. Persistent ex-1 HB. Sept. not open. porter buying continued in; Rapeseed Thunder Bay: both markets. April 1 higher 3.14A, June U Rapeseed was mostly strong-1 higher 2.90, Oct. 2 lower 2.78A. er as heavy hedges were well Oats: May lower absorbed by exporters. Flax Jn''- lower Oct. not also had exporter buying on open, the scale down. Barley: May higher Rye was steady to fractional- j July, Oct. not open. lv easier with locals and com- j Rye: May unchanged 1.17 1 lower 1.17A. Prices Mondav for class two mission houses active on both I July u lower i.lSttB, Oct. sides of the market. Oats and barley fluctuated "off-ade -heat for to countries r i outside IGA: 1 I-or 1.81'j. 2 1.59U: 3 i.743i; 4 1 Dur- a 3 1.67ai; 14 IGA prices: 1 Nor il.8l'i; 2 1.79U; 3 1.7434; 4 1.69 ''.s; 1 Durum 2 3 l.lWi; 4 was bushels .of flax, of rapeseed, of rye. Mid-session prices Flax: May Vi lower 2.55'i July 14 lower Oct >i lower Nov. not open. I and C B Pfd 32.50 Hys Gaz Metro J." interior Brew Gas Metro Pfd A 63.25 Jericho Tr Cdn P 32.37'A Kamloops Copper Tr Cdn P Pfd Lornex Tr Cdn P Pfd A 63.00 Lytton Mineral! Tr Cdn P War 10.37'.? New Cronln Westeoast Tr 2i.37Va New Imp Mines Western Pacific okanagan Hellcop MUTUAL FUNDS Primer AGF Special 2.57 Pyramid AM Cdn Com 7.62 8.33 Silver Stand All Cdn Dlvid 8.74 9.55 Texmont All Cdn'Vent 3.33 3.69 Trojan -Amr Or F 5.28 5.BO Western Mines Cdn Invest F 4.42 4.B2 Westcoast Res Col Mutual 6-05 fi.64 Explor Cmnw inter 12.21 13-38 Utica 3.00 2.65 4.95 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (1T.-DO a.m. Quotes) Quoins' 9.05 1Q.87MI a.m. Quotes! MINES Acme .07 Advocate Asb. Akaitcho Area Mines Black Bay Bralorne Broulan Rrunswlek Canada Tung. cassiar Central Pat. Chtmo Con west Cons. Rambler Coin Lake Ccchenour Craigmont Dlckcnson Mines OenlsorfMIriBS Deer Horn D'Eldona Dome Mines Dona Ida Discovery Mines East Malartlc East Sullivan Falconbridge Frobex First Giant Y.K. Gunnar Granduc Headway R.L. Hollinaer Hud. Bay M-S Hydra Ex. Highland Bell Iron Bay ISO Quebec Kerr Addison Key Anacon Labrador Lake Shore Leifch Lanqis Silver Madsen R.L. Malarttc G.F. Martin McNMly Maybrun Mcalnfyre Meta Midrim Intern Mogul New Calumet New Imperial Noranda Northgate Opemiska Osisko Patlno Pine Point Placer Dev. Exp. Quebec Man Ray rock Radlore Rio Algom Roman Corp. Silverfields Sherritt Gordon Silver Miller Steep Rock .82 Siscoe ,12'A Tek Corp. 43 Texmont 625 Upper Canada 1 35 Western Mines 38 50 Wright Har. .MV4 Wiliroy 77 Windfall YellowknlfB Br. Zenmac INDUSTRIALS Abltlbi Atcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Brazil Trac 6.80 B.C. Tel 12-50 Burns 37-50 B.C. Forest 21.8714 B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indusf Canada S S Cdn Marconi Cdn VTckers Chrysler CPR Cominco Cons Bath Cons Gas Dlst Sea Dom Bridge Domtar Dom Texflls 2.27 .50 1.57 .06Va i 2.25 .27 2.35 2d.25 2.37 1.64 9.65 64.00 .18 1.09 1.07 3.75 137.00 .29 1.05 9.00 1.85 3.15 3.60 1.76 .28 .32 34.00 3.15 1.57 .12 .76 .90 9.50 .13 127.00 Dome am Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Moore Corp Molsons A 8.1216 Molsons B 23.75 North, Cent Pembina Pp Power Corp Price Rothmans St. Law Corp Shell CDA Simpson's Simp Sears Steel of Can Selkirk A 7.6VA Texaco 525 Traders Gp A 6 25 Trans Mtn Pp 7B.SO Trans Can Pp 1 3d Union Gas 10J5 Union Oil !2.l2Vi Versatile Mfg 30 CO Westeel ,115 Union Car Q toft Weston s B 3H oo Woodward's A 7012W West Crln sd 21.87V4 Elec 27.50 29.00 34.50 1.17 .20 1.S5 .m 18.25 7.25 1.90 17.50 .09 2.00 3.dS 1.26 1.12 .15 5.4S 15.50 B.50 47.25 17.50 64.50 11.00 1X75 87.00 10.25 56.00 5.45 82.75 20.87V'3 20.87VJ 2.35 20.00 39.2! 19.1M 17.12' 46.00 36.62W 8.25 36.00 17.00 5.25 3.85 4.85 32.50 12.12V! 28.00 35.00 16.37ft 15.00 15.50 23.25 8.50 14.00 19.00 18.75 23.25 27.00 10.50 30.50 10.50 12.25 .25 1.35 31.62'A Dom Stores 51.75 Cdn Imperial 20.50 Montreal Nova Scotia Royal 10.B7Vi Tor-Dom 32.25 75.50 42.00 3.85 11.00 19.00 19.62W 3.55 1.40 19.87V: 14.50 23.25 19.62V4 New York stocks Supplied by Richardson. Securities of Canada Amr T and T 52.25 Anaconda 22.50 Bin Steel 22.75 Std Oil of NJ. ____ Chrysler 2B.B7V4 Texas Gulf 127.03 Comsat 61.50 Texas Co 35.25 Dupont Woolworth 45.50 General Molars 82.25 Westlnghouse Elec 76.50 Gulf 31.00 U.S. Steel 33.62Vi 20 Rails 795.94 Up .93 Int Harvester 33.37'A TORONTO AVERAGES 15 Utilities 12545 op 13 Kenn Copper 40.00 20 Indust 173.02 off 1.29 65 Stocks 393.86 up .93 Montgomery Ward 37.13'A 20 Golds off 1.87 Sears 81.50 10 Base Met 94.81 up .09 73.00 15 W Oils 212.00 Up .50 Volume NEW YORK AVERAGES 30 IndUSt 891.57 up 2.74 Hog prices Grain quotes Monday Ibasif High Low Close Tuesday, februan; 16, 1971 THE IFTHBHIOGE HfRAlO 13 New activity seen in oil industry Total hogs sold 482 to 11 a.m. Total hogs sold Monday 22.70. Sows average average 13.62. 257 Oct Nov Kapcsced Vancouver Mar 318Vi 316'i May 290 2fi8 Jly 279 276 Se'p i Flax j May 2564 EDMONTON (CP) Prices i Jb' to 11 a.m. provided by the Al- berta Hog Producers' Market- ing Board: Edmonton: Quoted 22.50 to 22.55, selling 22.55, average Monday 22.81. Calgary: Quoted 22.55 to 22.75, selling 22.60, average Monday 22.68. Red Deer: Quoted 22.55 to 22.55 selling 22.55, average Monday 22.57. Lethbridge: No market. Av- erage Monday 22.53. Lloydminster: N o market. Average Monday 21.98. Grande Prairie: No market. 255'.2 2533i 25GV4 256'. i 259 318'. s 2893s 277 CALGARY (Special) Sub-' siantial new activity in the Ca- andian oil industry is seen as a result of a five-year price agreement signed this week between international oil com-. panies afld the Persian Gulf oil' stales. The new agreement will bring the producing oil king- doms an additional billion in U.S. funds, rising to bil- lion by 1975, experts predict. The impact of the price in- crease, oil industry sources in Alberta say, will be felt around the world all the way from the Persian Gulf to Alberta. Calgary oilman Carl Nickle said the Tehran agreement is to scare the pants off politicians and I hope the pub- lic" in Western countries. It was signed by the world's ma- I jor oil companies and the Or- I ganization of Petroleum Ex- porting Countries, hours before i an OPEC deadline. "It will make them realize." said Mr. Nickle, "that there is no security of supply from overseas. "OPEC countries are in the driver's 5eat and they will con- tinue to use their power to gain as much revenue from oil as tiicv can get away with.1' lie added that they could use ihe threat of cutting off sup- plies to gain farther price in- creases and it was in the eco- nomic interest ol the West to ensure future cutoffs will not cripple industry. The higher prices might be bad news to consumers, but it could mean good news to thB Canadian oil industry by stim- ulating new exploration and de- velopment activity. Potato futures WINNIPEG ICP1 The Maritimes potato futures mar- ket was inactive Monday as there were no buyers for at current levels. The market was inactive Friday. Open High Low Close Mar 2.45N Apr 2.5CIA Mav 2.8SA Rapeseed Thunder Bay 291'.! 87'; Apr Jun Oct Oats May Jly Oct Barley May Jiy Oct Rye May Jly Oct 132Vi 113Vs 113V4 313 289'i 280 ISKs 131 125S 118 SECRETARY STENO Our western divisional office has an opening for on experienced secretary-sleno in our young, congenial and energelic office in Fort Macleod. Please write in confidence stating experience, age and salary expected. NORTHWEST DESIGN AND FABRICATION LTD. MR. H. J. HARKS P.O. BOX 999 FORT MACLEOD, ALTA, Three million blackbirds will be frozen to death Greyhound revenue up CALGARY (CP) Earnings and gross revenue of Grey- hound Lines of Canada Ltd. and its subsidiaries rose during 1970 from the 1969 levels des- pite a slight drop in the final quarter. Earnings were or 83 cents a share on a gross of compared with 141.383 or 68 cents a share on a gross of in 1969. Fourth quarter net income was compared with and ihe company at- tributed the drop to a work stoppage at Motor Coach In- dustries Ltd. which was not re- solved until January. In early 1970, Greyhound ac- quired the Coachways System and earnings from its opera- tion were included in the latest figures but 1969 revenues were not adjusted MILAN, Tenn. United States Army is plan- ning to freeze to death three million or so blackbirds that took up residence two years ago at the Milan arsenal. Paul LeFebvre of the U.S. department of interior said Tuesday the plan calls for the birds to be sprayed with two detergent-like chemicals that will dissolve the body oils on the birds' feathers, resulting in a rapid loss of body heat. i Ken Garner, state superyi- i sor of the division of wildlife I services, said the plan is based on the theory that rapid j loss of body heat is fatal to j birds. I The experiment is being I worked on by the army, the I U.S. department of interior i and the division of wildlife re- search of the U.S. bureau of spcrt fisheries and wildlife. Maj. James I. Lowe, com- mander of the arsenal, said he lias received no objections to the plan from Gibson County health officers and other government officials with whom he has talked. Beef futures WINNIPEG (CP) Trade on the Winnipeg beef futures mar- ket was active Monday wilh trades in all futures at 10 to 50 points lower than previous close levels. Friday's volume of trade was two contracts. Open High Ixm Close Mar 33.00 32.90 32.90 May 32.10 32.10 32.00 32.00 July 31.25 31.25 However, he said final ap- proval of the plan must come from the Army Ordnance Centre at Joliet, 111. LeFebvre said the plan calls for the birds to be sprayed from an airplane or. a night with subfreezing tempera- tures. The project will not be a hazard to other wildlife, Le- Febvre said, because the chemicals used are nontoxic and decompose in a few days with no known residual effect. CPR agents' removal is suspended OTTAWA (CP) The Cana- dian Transport Commission has suspended an order allow- ing Canadian Pacific Railway Co. to remove 56 agents, nine caretakers and four caretaker- agents from Saskatchewan sta- tions and four agents and three caretakers from stations in Al- berta. The commission said it has received an application from the province of Saskatchewan for a review of the order. The removal of the em- ployees was granted about one month ago contingent on estab- lishment of a customer service centre at Saskatoon to provide free long distance informa- tion and reservation service to CP Rail customers. Free for all look what you call pull In o terrific car from College Mercury. Pick any car and get ONE ACCESSORY FREE. Here at College Mercury we deal on SUGGESTED FACTORY RETAIL PRICE on all new vehicles, took for Ihe FACTORY RETAIL STICKER on the window and you'll know you're getting a great car deal. We must sell as many new vehicles as possible to make room for our next factory shipment so we are having our FREE FOR ALL SALE. The time is right and remember, pick any new car and get ONE ACCESSORY FREE. 1971 COUGAR 2-DOOR HARDTOP Automatic transmission, 351 2V, power steering, power brakes, radio, block heater, remote mir- or, deluxe wheel covers, H.D. batiery. whitewall tires. Bright lime green in color. Reg. Demo. FREE FOR AUM power seats power brakes power steering 1971 METEOR RIDEAU 500 2-DOOR HARDTOP. Automatic transmission, tint- ed windshield, 351 2V, power brakes, power steering, radio and dual rear speakers, black vinyl roof, remote control mirror, H.D. battery, rear window defogger, floor mats, block heater. whitewall tires. White in color with block vinyl roof. Reg. Demo. FREE FOR ALL Sales Depf. 19th Street and 3rd Ave. S. Service and Parts Dept. 6th Ave. and 6th St. S. Phone 37.7-5763 LETHBRIDGE, ALBERTA ;