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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 18, 1971, Lethbridge, Alberta Market dips in early trade TORONTO (CP) The To-, hold in the stock market today Miscellaneous quotations Qraill Vancouver, Calgary, Montreal i (Supplied by Doheny, Koadhouse and MeCuaig) LAST BID OR SALE ill Mi-ftf a m WINNIPEG (CP) Rape- Grain quotes Wednesday declined in fairly (basis Lakcheadj: heavy trade at mid-session en '-ow l losl; the' Winnipeg Grain Exchange Thursdoy, Februoty IETHBRIDGE HERALD 17 j Nixon considers freeze if or U.S. WASHINGTON (CP) Presi-: to set temporary maximums on deal' XixJn is reported to be se- isigcs, prices an-j n' any riously considering clamping a levels not belou these of Maj I wage-and-price freeze on the 2o, 1970. I construction industry to combat i Administration inflation. i Congress granted him power to impose temporary wage and price controls last ronto stock market was down fractionally in light mid-morn- ing trading today. On index, industrials dropped .34 to 177.46, base melals .23 to 92.86 and western oils 1.16 to 208.18. Golds advanced 1.19 to 182.37. Volume by 11 a.m. was shares, up from at the same time Wednesday. Losses outnumbered gains 118 to 93 with 177 issues unchanged. Weakest sectors beverages, industrial mining and real es- tate. Acklands was down ?s to The company had a loss of in 1970, compared with a 1969 profit of In addition, the company says it will omit all dividends for the first quarter of the fiscal year. Among other declining issues, Labatts was down to Husky Oil to Great Lakes Paper -s to Bell Vi to S46% and Endako 'A to Mattagami was up to Sherritt yt to Bethlehem Vi to and Houston Oil 15 cents to MOVE LOWER MONTREAL (CP) All sec- tors moved lower in light early today on the Montreal stock market. Combined volume on the Montreal and Canadian Stock Exchanges at 1 p.m. was 468.00C shares compared with Wednesday. Utilities were off .74 to 152.58 on index after an early gain. Banks declined .25 to 181.09, pa- pers .24 to 92.67, industrials .14 to 179.53 and the composite index was down .38 to 175.04. Computer difficulties at the Montreal exchange delayec complete summaries of trading and prices. MacMillan Bloedel was off Vs to t2Vi, Royal Bank Vi to Imperial Oil Vt to Husky Oil Vi to and IAC Ltd. to Rio Algom gained tt to PRICES SINK NEW YORK (AP) The rumblings of profit taking, evi dent in earlier sessions, took as prices sank lower in fairly ctive trading. At noon the Dow Jones aver- of 30 industrial stocks was own 3.15 to 884.72. Declines led advances by 2 to on the New York Stock Ex- hange. Brokers said the profit taking to be expected considering ecent market gains. They oted that trading had slowed omewhat from recent frenetic evels and said investors might eed some real indications of conomic progress before they ekindle their enthusiasm. At neon the Associated Press 60-stock average was off 0.8 at 09.4. NYSE prices included Sony, .p 1 at Litlon Industries, ff 1% at Occidental Pe- troleum, off Vi at Gulf Oil, up at and Sperry Rand, off at Among Canadians, Hudson Bay Mining was down at and off Vt were Alean at nd Distillers Seagrams at Granhy Mining was up al 3iy2 and Genstar Ltd. was up at On the American Stock Ex- change, Brascan Ltd. anc Scurry Rainbow Oil were down at and respec- ively. Serving you with INTEGRITY STABILITY EXPERIENCE For aver 60 years We write all kindi of INSURANCE HOME-BU5INE5S-FARM- AUTO-and LIFE and can save you MONEY SEE US SOON- foUSTER rUMNCY mii'ttwei itntm A continuous family enterprise for over 60 yean 706 3rd Ave. S., Phons 327-2793 Cdn Lonq Cdn Super Cen Del Rio barter Chleflan )ome Pete Dynamic Pete al Pete _. Plains Mill City New Cont North Cdn Oil Jumac 9ermo >etrol >iace Gas Bonder Ranger Scurry Rain Spooner L W. Decalta f- MISCELLANEOUS INDUSTRIALS Agra Ind Atco Ind Aqualaine Pulp mill plant plan announced REGINA (CP) Construe tion will start this spring on the largest single industrial de- velopment in Saskatchewan' history a million pulp mill at Dore Lake, 130 mile northwest of Prince Alerta, i was announced today. Premier Hoss Thatcher sai construction will start late thi spring with completion sched uled to the fall of 1973. Th mill will handle tons o pulp a day. Mr. Thatcher made the an nouncement at a news confer ence with Karl F. Landegger o New York, president of Par sons and Whittemore th parent firm of the new Atha basca Forst Industries Ltd which will operate the Dor Lake plant. Potato futures WINNIPEG (CP) The Ma time potato futures market wa mostly inactive today. Open High Low Close Mar 2.43 Apr 2.50 May 2.88 2.88 Beef futures WINNIPEG (CP) Trading was light on the Winnipeg live beef futures market today. Open High Low Close Mar 32.75A May 32.00A Jlv 31.25N .n 8.10 .70 1.2S 9. CO 5.25 30.25 37.25 U.I 21 26.75 9.25 25.00 5.50 7.00 u.oo Gt Cdn Oil i-75 ico.00 Home A 57.50 Home B 28.50 Home Pitfld 2.05 Hud Bay Co 16.75 N W 5.21 f-73 Principal Grow J.DS Royfund 5.39 5.56 United Accumu 4-M 5.13 Universal Sav 7.14 7.85 VANCOUVER Anuk Arctic Mining Atlas Explora i'iji: Beth Copper Bornltt RMoe Block Bros Brenda B.C. sugar B.C. Sugar Pfd -10 Cap Internet Churchill Copper Columbia Cel Coronation Credil Crestbroolc F Im Croyden "a Dynasty PIPELINE STOCKS Endako Alta Gas TLA -7.87Va Fort Reliance Alta Gas T L Pfd 76.00 Giant Mascot Alta Nat Gas 24.50 Granisle Cdn W Nat Gas Key Industries D) L Ont Pert Ce 33971, MGF Manage tir Newconex Pacific Pete .A's RanK om J Selk Hold Shell Canada Shell Inv fid 17ft Shell Inv Wts Skks Rainier V.'pst Cdn Seed White Yuk CALGARY Acroll Ana Pete Barons Oil North Cont Plains Pete West Warner Madison 2.95 2.25 .77 565 17.B7V2 11.00 34.50 33.62! .41 14. 17.30 15.50 5.00 1.K1 6.25 1.30 5.CO 10.25 _ -it Mfld Cdn Brew Cdn Brew Cdn Hydrc Cdn Paclfi CPR Pfd Cygnus A Cygnus B Cum Prop Gt Cdn Oil Car Ind ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK Consign to PICTURE BUTTE AUCTION MART Ideally locaicd in the centre of large cattle feeding and hog raiting area SATURDAY' FEBRUARY 20th at 1 p.m. 400 HEAD 400 ALL CLASSES OF CATTLE 400 TO 500 WEANER, FEEDER HOGS AND BROOD SOWS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOE or JIM JURIS Phon> 732-4400 or 732-4468 Piclurl Bulls Inland Nat Gas 12.25 Growers North and Cent IS.67'2 Hys North and C Pfd 33.CO imerior Brew Gai Metro 4.75 Jericho Gas Metro Pfd 63.'.15 Kamlcops Cop Trans Can P Lornex Trans Cdn P Pfd -12.50 Lytton Minerals Trans dn P Pfd 63.35 New Cronin Trans Cdn P War 10--TO New Imp Mines Westcoast Trans 2J.75 okansgan Helicop West Pac 4.SQ primer MUTUAL FUNDS Pyramid A G.F. Special 2.56 Silver Standard All Cdn om 7.65 8.3fi Texmont All Cdn Divld fl-73 9.59 Trojan All Cdn Vent 3.40 3.71 Ulica American Grow 5.25 5.76 West Explora Cdn invest F 4.44 d-B7 West Mines .12 6.20 2.10 Hud Bay Lo i_an invusi r .1.5 15 Hud Bay Oil 41.62V! Collecllve Mut 6.07 !.66 Westcoast Res .15 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE QuoicS) a. a.m. Quotes) MINES Acme Advocate Asb. Akaltcho Area Mines Black Bay Braiorne Broulan Bethlehem Brunswick Canada Tung. Cassiar Central Pat. Chimo Con west Cons. Rambler Coin Lake Cothenour Craigmont Dlckenson Mine Denison Mines Deer Horn D'Eldona Dome Mines Donalds Discovery Mines Eastr Malartic East Sullivan Falconbridge Frobex First Marttimes Giant Y.K. Bovls Granduc Headway R.L. Hollinger 2.21 .51 1.55 4.90 2.32 2J-00 2.32 1.60 9.70 1.13 .41 7.90 1.40 28.25 .06 .79 65.3) .18 1.05 1.10 3.70 137.00 .28 1.05 New Imperial Noranda Northgatt Osisko Patino Pine Point Placer Dev. P.C. Exp. Quebec Man Ravrock Radiore Rio Algom Roman Corp. Silverfields Sherritt Gordon Silver Miller Steep Rock siscoe Tek Corp. Texmont Upper Canada Wright Har. Willroy Windfall Yellowknife Br. Zenmac INDUSTRIALS 1.33 Dome Pete I.J5 Fam Play J.SO Fd of Amei Gt Cdn Oil 27.37Va Gen Motors 16.75 10.12% 55.00 Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel 19.25 33.25 LOT .20 1.52 .35 10.25 7.30 int Pipe tnv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A V.85 Loeh 1 og Loblaw A l'.07 Metro Sores Massey Ferg 5.25 McMillan Bloe .12 Moore Corp Molsons 2.65 1.83 5.E5 Hudson Bay M-S 22.00 Hydra Ex. Highland Bell iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leitch Langis Silver Madsen R.L. Malartlc G.F. Martin McNeely Maybrun Maclntyre Meta Midrlm Intern Mogul New Athona New Calumet Abilibi Alcan Algoma Steel Atco ind ,__ Allan sugar 10.37'A Bell Tel 1.75 B.C. Tel 6.90 Burns 12.50 B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chefncell Col Cellulose cal Power Coron Credit C.W.N. Gas Cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bath 12700 Cons Gas "l9 Dist Sea j2 Dom Bridge 12J2W Domtpr .15 Dom Textile 37 Dome Stores .25 3.10 3.55 1.70 .21 9.75 .33 35.00 3.20 1.57 .12 9.50 New 8.00 Molsons b 23.75 North, Cdnt 14.75 Pemblna Pp 8.75 Power Corp Price Co J6.50 Rofhmans 45.50 St Corp 10.B7V1 Shell CDA 24.00 Sinpson's 17.50 Simp Sears 4.75 Steel of Can 7.WV4 Selkirk A 5.25 Texeco Traders Gp A Trans Mtn Pp Trans Can Pp union Gas Union Oil Versatile Mfg Westeel Union Car Weston's B Woodward's A 21 87'A Wet Cdn Sd 10 37Vb Zenith E'ec 19.62% BANKS 51.50 Can Imperlrl 20.50 Montreal 15.25 Nova Scotia 15.75 Royal 10.87'A Tor-Dom stocks 6.2S 26.00 1.30 1D.SO 12.00 30.00 4.20 8.50 27.00 71.50 5JO 82.25 20.00 20.00 20.37VI 30.00 19.25 17.25 U.1S 26.75 8.00 17.25 7.62V2 5.25 3.80 33JO 12.00 27.25 35.25 16.25 16.00 15.75 23.75 5.75 8.50 12.00 19.00 3A75 18.50 23.50 34.75 11.00 30.00 10.50 22.00 1SJ5 41.00 3.70 10.121 15.12V 19.00 19.75 3.50 1.40 20.12' 14.87' 14.87 23.P7' 19.50 re light Oats and barley were steady in fairly good domestic shipper trade. All rye futures were frac- tionally' easier. Offers in the form of hedges met some ex- rter buying and inter-month reading. i Wednesday's volume of trade as of flax, fi.OOO of rapeseed, of e. Mid-session prices: Flax: May V, higher 2.55'vB, ily unchanged 2.53'jB, Oct. higher Nov. un- langed 2.58A. Rapeseed Vancouver: March lower 3.21, May lower 973iB, July 2 lower 2.81'i, uncharged 2.7i3i. Rapeseed Thunder Bay: nril lower June 2 wer Oct. lower Oats: May unchanged 86, uly, Oct. not open. 32'.iA, July, Oci. not opsn. Rye: May as lower 1.17B, uly Vs lower Oct. U ower Prices for class two wheat Yednesday for export to coun- outside IGA: 1 Nor 1.81 r 2 3 4 1.69; Dumm 2 1.76Vi; 3 1.67 i 4 IGA prices: 1 Nor Isila 2 1.79H; 3 4 1.69; Durum 21.76Vz; 3 1.67 se'p Kapeseed Thunder Bay 318 295" 4 Supplied by Richardson. Securities of Canadi Amr T and T Anaconda Bth steel hrysler Comsar Dupont General Motors ulf Int Harve5ior Kenn Copper 50 Ward 36.50 20 2Z-00 sfd Oil of N J 74.00 IS West 0 507.63 off 1.71 22.75 Tpxas Gulf 121.00 27.37V, CO 36.75 NEW YORK AVERAGE 57 75 Woolworth 42.00 30 Indus! 884.72 off wStlnghouse El 7J.75 20 Rails IM.M UC 82.25 y s steel 33.00 15 Utilities 135.16 off .29 TORONTO AVERAGES JlisO 20 Indust 177.50 off '.30 65 Stocks 292.10 off .69 Volume Livestock report Replacement cattle we in short supply with most the offering fleshy steers steady prices. Insufficiei stock or slaughter calves offe ed to establish a market. Good feeder steers mo than 750 pounds 31 to 33.4 Good stock and feeder cows to 23. Hogs base price 22.30. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 600 head; mostly mixed classes in grades of slaughter cattle. Trade was active with local demand most- ly. Slaughter steers were fully steady with closing prices up to 50 cents higher than at the open; heifers were fully steady; cows were mostly me-i dium and eannor kinds at I IXllllllliagC steady prices and bulls were unchanged. Choice slaughter steers 31.50 to 32.20. good 30.25 to 31.25. me- dium 29 to 30. Choice heifers 29.25 to 29.90, good 28 to 29, medium 26.25 to 27.75. Good COH-S 19.50 to 20.50, medium 18.50 to 19.50, canners and cut- ters 16 to IS. Good bulls 23.50 to 25.50. Apr Jim Oct Oats May Jlv Barley May 132 Jlv Oct Rye May Jly Oct 316 290'a 112'. 318 278 E6 86 BS's H7's 112' i 116 year. The law permits the president sources said Labor Secretary James Hodg- the son will propose to Nixon today Uiat a short-term freeze in wage and price increases be imposed on the construction industry. I He will recommend an em- __ ____ I bargo of less ton three months i on the basis that a longer freeze T i, I would be unfair to sectors in the Margrave ChecKA industrv relatively low price and wage levels, the sources said. Nixon gave the industry 30 days to come up with a volun- tarj' solution to collective bar- Hog prices EDMONTON (CP) Prices to 11 J..m. providi d by ths Al- berta Hcg Producers Market- ing Board: Edmonton: Quoted 22.25 to 22.40, unsold at 22.25. Average Wednesday 22.61. Calgary: O.uoted 22.30 to Barley: May 's higher 122.35, selling 22.30. Average Wednesday 22.46. Red Deer: Quoted 22.30, selling 22.30. Average Wednes- day 22.38. Lethbridge: No market. Av- erage Wednesday 22.50. JJoydminster: N o market. Average Wednesday 21.65. Grande Prairie: No market. Total hogs sold ti 11 a.m. 293. Sows selling 13.90. Total hogs sold Wednesday Average 22 Alta. export prospects EDMONTON (CP) Alber- ta's marketing commissioner says he intends to investigate the effect on Alberta agricul- tural exports if Britain joins the European Common Mar- ket. H. J. Hargrave told a meet- ing of the Edmonton Chamber of Commerce that he has heard British entry into the common market would be det- rimental to the interests of provincial aericulture. He cited this as a reason for his uocoming trip to London and Brussels. gaining problems which have resulted in dangerously infla- w'age concessions of 15 per cent a year. The deadline ends today. WIDE PROTECTION EDMONTON (CP) Dr. J. P. Best, head of Alberta's veter- inary inspection services, says that'during the last few years the program has provided pro- tection for more than SCOO worth of livestock for every dollar spent. This works out to a cost of cnly 25 per cent of the value of everj' animal inspected. and Systems 1003 4th Avenue S., Lethbridge Telephone 328-4426 a Ju MACLEODS FINAL CLEARANCE LADIES' SNOW BOOTS Assorted styles and sizes. REG. VALUE TO 56.95 S 6 GIRLS' PANT SUITS and JUMPERS Special rack for final clearance. REG. VALUES TO 9.95 SPECIAL MISSES' BLOUSES Assorted colors. Sizes 32-38. Annual meeting PICTURE BUTTE (HNS) The annual meeting of rate- payers will be held in the li- brary building here at 8 p.m. Feb. M. set for Friday BIAIRMORE (CNP The Circle of Service of the Blairmore United Church has announced the annual spring rummage sale will be held in the church basement Feb. 19 from 2 to 9 p.m. and on Feb. 20 from 10 a.m. until all goods are sold. A lunch will be served both days in the church auditorium. Proceeds from the events are for COS-sponsored projects. Persons having articles they wish to donate may have same picked up by phoning 562-2664 or 562-2715. COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BUILDING TELEPHONE 328-7883 REG, VALUES TO 4.49 SPECIAL 2 MEN'S FLEECE LINED SNOW BOOTS Assorted styles and sizes. REG. VALUES TO 16.95 6 FREE PACKAGE OF GARBAGE BAGS 10 to a package when you cash your BABY BONUS CHEQUE at MACLEODS GIRLS' and BOYS' COATS and JACKETS Special rack for final clearance. REG. VALUES TO 19.95 SPECIAL MISSES' JEANS and SLIMS Assorted styles and colors. Sizes 8-18. REG. VALUES TO 9.95 S SPECIAL 4 MISSES' SWEATER CLEARANCE Assorted sizes and colors REG. VAIUE5 TO 7.98 SPECIAL BOYS' SOCKS Stretch nylon. Sizes REG. VALUE TO 89c BOYS' SNOW BOOTS Fleece lined. Sizes 2-5. PLASTIC GARBAGE CANS SMACLEOD CENTRE VILLAGE MALL Open Daily 9 o.m. PHONE 327-4240 6 p.m. Wednesday 9 a.m. to 1 p.m. Thursday and Friday 9 a.m to 9 p.m. ;