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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 22, 1972, Lethbridge, Alberta Toronto market continues Miscellaneous quotations Grain shipment Vancouver, Calgary, Montreal efforts continue Tueidcy, February 32, 1973 THE IETHERIDGE HERAID 15 SHELL CANADA StNIOR APPOINTMENTS Calgary, (Supplied by Duhcrty, McCuaJtf LAST HII) OK SALE a.m. Quotes) a.m. 1513 WESTERN OILS 5 Alta Hfiit S.95 la.75 Kir Husky Oil Husky Oil B Husky Oil War Kair.pr Rf. Pacific Pete Cdn Sred White Yukon CALGARY 31.03 5.87" 5 5 a.rr Mutual Ar Mutual Nat Pts j N W Fin tJ f> Principrl Or R rr.fj Qudes) 5EO 6.38 5.82 6.JO 7 14 7.CO -1.69 5.37 A. 11 6.71 4.60 5 OS 626 6.51 6.19 6.87 .tO 5.95 United A Universal Say B.Ofi 8.66 VANCOUVER MINES TORONTO (CP) The up- ward trend on the Toronto stock market continued with prices in most sectors posting moderate gains in active mid-morning trading today. The industrial index was ahead .64 to 200.09 and western oils .65 to 213.55. Golds slipped .21 to 173.9.1 and base metals .14 to 38.11. Volume by 11 a.m. was shares, compared with at the same time Mon- day. Trading was halted at the opening in all shares of Peel- Elder at the request of the com- pany, pending release of corpo- rate information. The stock closed Monday at up Advances held a moderate margin over declines. Banking, merchandising, in- dustrial mining, real estate, steel and food processing stocks posted broad gains. Communi- cations, utility, general manu- facturing and construction and materials issues edged lower. Texas Gulf Sulphur gained 1 to Greet-bzest Life 1 to Numac to Mont- real Trust to 521, Algoma Steel M- to and Sherritt ].H to Occidental Pete foil t o Falconbriclge Copper to "s, Consumers Distribu- ting to Alberta Eastern Gas 10 cents to and Dy- nasty five cents to S7.35. j PRICES HECOVKK MONTREAL (CP) Prices began to recover from a recent downslide on the Montreal slock market as business got back to normal today after the weekend snowstorm practically p a r a- lysed the city. On index, industrials gained 1.50 to 200.05, the composite 1.07 to 201.58, papers LOG to 119.64, utilities .05 to 3GG.18 and banks .02 to 271.49. Combined volume on (he Montreal and Canadian stock exchanges at 31 a.m. was shares, compared with at the same time Mon- day. Alcan moved up Vi lo The company lias announced it will spend milion to build i an aluminum rod plant at Ar- vida to be completed in mid- 1973. However, the company's capital spending (his year is projected at about S150 million, down from SI53 million in 1973. Great West Life gained to Rothmans I1 it to Royal Trust to S4JVJ, Mont- real Trust to Interna- tional Utilities to Rio Algom to SiG'i. Texaco Can- Bin .50 Place Gas Ponder Ranycr MISCELLANEOUS INDUSTRIES ircns Oil Wadiscn Worlh Cont West Warner PIPELINE STOCKS Aita Gas Tr L A ji.so a Alia Tr L Pfd 79.00 Alta Nfl! Gab 2J.75 inland Naf Gat 16.00 N and C Gas 13.07-- N and C B 29.50 Pacific Gas Trans 13.50 Ga7 Metro 6.00 Gai Metro Pfd A 70 CO Tr Cdn P 4075 Tr Cdn P Pfd B 41.50 Tr Cdn P Pfd A 75.75 'Tr Cdn P War 1.150 WC Trans 30 75 Arctic Mining Alias Explor Bain Morse OrtrirJa Churchil! Copper Croyden Darkot Dotly Varden Fort Reliance Giant w.ascit Grani'.lo Kamloops Copper Lorne-x Lyttcn Minerals Primer Pyramid Silver Standard TexmwiT Valley Copper .731; (CP) The Cana- dian wheat beard is continuing up considerably t-i about MO from previous max- Iunn''Cl' weekly iis efforts to sell grain thspitc imum.s around MO. shipping holdups. Otto Muc-J of the delay in shipping minister responsible for the a.-g.-.e from large .sales of gniin. board, said today. I'nloading (erminais nt the Replying to a number of Coin- port wcrn working on a scven- mons questions abouL grain (toy-a-wcck basis to increase1 tin.- moving problems, Mr. said the gram handling .system 1'needs time to catch up'J with a heavy export demand. Severe winter condition-. large sales abroad and late ar- rivaJ of ships on the West Coast have created some shipping hull brings 8176.000 WC Trans V.'ts WC MUTUAL FUNDS INDUSTRIALS Cdn Co; Crfn 8.51 Block Brr Pfd in us R ccn Copper 7-i 53 27.50 6.25 AGF Specia I filer Horr.e B Bay Cn HurJ Bay Oil Hu! Day Oil Pfd Hugh PusH-il 9.61 B.C. Suu, 4.02 09 B.C. Sug. 6-77 7.43 Copt infer 3.tf For im 5.06 5.5S Growers B fi.63 7.23 Key Indus! 1O7 15.63 Hys Lev 3.78 A.15 Interior Brew 15.75 Corp Invest 6.0! 618 Inter Mariner corp invest 51 F 5.13 5.61 Pacific W Air Dreyfus F U.S. 12.92 R16 Stampede Int I Res 19.R7''; Gr In Shares 3.9J -5.33 OILS 43.J5 Gr Equity 7.21 7.92 Albany Oils 53.00 Invest Gr F IJ.Ofi 13.18 Plains Pete 26.25 Invest Mutual 576 fi.30 Western Explor 3.40 10.00 16.75 6.75 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE ada to Simpson's lo i a.m. Quote; MINES Mlioo a.m. Ouoles) S25 and TransCanada I Pat. Montana plaiK workers heave sigh of relief COLUMBIA FALLS, Mont. fAPJ As dock workers re- turned to their jobs on the Uni- ted States west coast Monday, the 905 employees at the Co- lumbia Falls Anaconda alumi- num plant breathed a little eas- ier. The plant tad been threaten- ed with curtailing operations had the strike continued. Now thai sJiips are being un- loaded again, a 35.000-ton shio- ment of alumina, a raw mate- rial vital to the production of aluminum, will be forwarded to Columbia Falls. The present supply of alumina was expect- ed to run out Feb. Lines to B.C. Telephone lost 4 fo Quebec Telephone 'i to! S1G and WeldWOOd U tO I Cana-a Tung MARKET HIGHER NEW YORK (CP) Bluechip issues were weaker today, al- iiough Die market higher in mcricrfitely active trrd'ng after the three-day United States holiday weekend. Tiie Dow Jones average of ;iO industrials, wliicli had teen ahead earlier, was off O.W at 910.62 by noon. Advances led declines 7 lo 5. Among Canadians, Hudson's Bay Mining was up -ig (o International Nickel at and Gen.star Ltd. at S15U both advanced H; Canadian Pacific f.i Sl47it and Dome Mines at were belli up On the American Stock Ex- change. Scurry Rainbow Oil ad- vanced to SifiV .23 15.25 3.05 1.53 Osisko Pine Point Placer Dev. P.C. Exp. Quebec Wan Rayrcck 39 15 31.00 3.00 .1! 1.31 Don- Pete rALCAKV fCP) A p Limousin bull bron Purchase was by Inlernatum- Bwf Breeders Inc. or Dnn- vi'.r. The 2.230-pound four year old. Dandin C. one of ccjfisjpncd to tsale from fn'lerel research station at Brandon, Man. The six brought a total pi-ice of A tola! of 77 pure- brud ;.nd crossbred Limousin animals were offered with 3 J gross return of Algom 15.87V: Roman Corp. 60 19 Sherrlll Gordon l.EO Silver Miller 1 18 Steep Reck J.27 B.in Tek Corp. 4.95 l.fl Texmont .p? Upper Canada 7.00 Western Mines 7.95 Wright Hargreaves l.U 1.15 Willroy .91 27 Windfall .10 O.i Yeifowkrtife Bear OS Zenmar .05 INDUSTRIALS CAB Gt Cdn Oil Gen Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Hurt Erie .07 j S Falconh F robot Abitibi Alcan Algoma Steel a.75 Hiram Walk Imperial Oil Imasca Int Nickel Int Pipe Itw Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loblaw .75 Bell Tel Jrazi By Gene Fawcette IS AGQRESSION LEARNED i OR INHERITED? THE "LEARN- EtfTHEORTHAS RECEIVED A HEAVY BLOW FROM RECENT EXPERIMENTS WITH MONKEYS -ISOLATED-SINCE BIRTH WHICH REACTED'yiOLENTLY ASAINST THEIR KEEPERS WHEN THEYTHOUGHT THEY WERE BEING Greyhound eaniings increase CALGARY (CPt Grey- j hound Lines of Canada Ltd. I carried during the i year ended Dec. 31, up from in 1970. On a jxr-share basis, the net income rose to from 83 certs. Gross revenues ineressed to from C-rcnduc Headway R.L. Hudson Bay M-5 Hydra Ex Iron Bay Jolict Cueber Kerr Arfciiscn Key Anscon Labrador Lake Shorp Lanqis Silvpr Machfin R.L Malarfic G.F. McN'ccly W.aclntyre Mcta 7.01) Tree B.C Tel Burns B.C. Forest B.C. Sugar Bow Valley CAE Ind Cdn Brew Hcrse Copper M Col Ceiiulns? B-.'.O Cat Power 75 Coron Credit C.W.N. Gss 275 Cdn tndust .c7 Canada S S Cdn Marconi .70 Cdn .09 Chrylser 00 CPR .12 Comlnco ,16'A Cons Bath f.Jf) Cons Gn.s .12'A Cdn Gas Soa Dorn Bridgt 37.M Domtpr fi.63 Dom -2S Dom Slores 10.37' 'i Metro Stores Mgr-sey Ferg McMillan Blue Moore Corp Mot sons A Molswis B North, Cent Power Corp Price Co Rothmans St Low Ccrp Shell CDA ipson's ip Seers Steel of Can Selkirk A 14.50 20-00 2B.25 S s 18 71.00 5.10 78.75 17.75 27.12' 3 1B.37V2 2.50 30.00 30.75 21.25 32.B7V; 18.00 37.'lJ''i 13.62 '2 12 00 13.87'A 8.00 8.00 31.00 3 70 2675 1.25 Traders GD A 11.12Vb Trans Mtn Pp 15.25 Trans Can Pp Unlcn Gas Uni 1 Oil Versatile Westeol 1-1.75 Union Car 26 Weston's B 8.75 West Cdn 5d Zenith Elec 33.CO BANKJ 26.50 Can Imperial Montreal 23.JO 15.75 or-Dem Scotia 75 33.50 New York stocks problems, Mr. Lang said. Bui the "situation is in hand." j Earlier, Stanley j f called for. M7fj.nw when sold by the j committee investigatnn of partmcnt of agricullure. I charges that 20 ships arc lying j idle in Vancouver harbor be- cause there is no Prairie grain rc-cdy fo load. But the unanimous consent re- quired for his molion to be con- sidered was denied by the Lib- eral majority in the Commons. Another Conservative MP, Clifford Dcv.Tiey (Baltic said the idle ships meant los! exports e-nd thel the country was facing a "critical situa- tion." MAKE MAXIMUM USE Mr. Lang said the "absolute physical maximum'' of grain had been shipped through Van- couver and that ttie wheat board, federal marketing agency for wheat, barley and oats, is' continuing its sales ef- forts. John Skoberg Jaw) first asked Mr. Lang to make a statement on the need for additional grain-handling fa- cilities at Vancouver, then another dip in 1971. as produc- charged that Canada had lost a lion far outstripped rc- wheat sale to Japan serve discoveries, the Alberta because of lack of grain. Energy Resources Conserva- Mr. Lang said outside the Lion Board said Commons Uiat "it's we The board, in its annual re- have to be more capable of j port, said crude oil production handling grain in Vancouver during 1971 exceeded one mil- tlian in the past." All possible means of moving I were being considered. He was urging "private inter- j buying companies take a look at the situation. Mr. Lang said the number of I freight caj's wlach can be during a single day at I The or eight per cent more than In about the life expectancy of Alberta's oil 1970. and natural gas reserves took another dip in 1971 Grain prices Winnipeg Grain WINNIPEG (CP) Al- though trading activity remain- j ed generally quiet, most corn- ion barrels a day, the largest level in history. However, the year ''marked the second successive year that additions t o conventional crude oil reserves less than the annual production The hoard said 1971 produc- was million barrels only 54 million barrels of net reserves were added. The remaining recoverable re- serves of convenliona! crude .3 'Exotic calllc sale April 1 (CP) Coal production in the prov- ince reached a record mil- lion tons during U171. the high- est since 19-J9 when C.6 million tons were mined. Coal sales were valued at a total of million compared with S2S.7 million in 1970 and "iile I ho board did no! esti- EDMONTON than cattle v.-ui ne sow ai me j quoted rlalistics indicating Ca.-Kidian Western Sow j billion tons of l-.ituminous and and Sale in Edmonton April i. I 9.9 billion of sub biluminou! Sale of the new breeds coal Charolais, Maine Anjou. Sim- mental and Limousin is first the sponsorship of Edmonton Exhibition Asso- Becf futures Amr jnda Beth Steel Chrysler Corr.sat Dupjnl GM Gulf Int Harvester Ccppe (Supplied By Richardson Securities ot Canada) T Sears 106.12V4 20 Golds rtt H.J. 76.50 10 Base Meals off ,11 15 Western Oils up 9( volume MM NEW YORK AVERAGES 30 Industrials eft .90 IB. 62V; 30 75 Scars Std Oil of Texas Gul Texas Co Wickes V.'oolvvorth 'SO stmghouse Elcc U'5' 5lco1 31-75 TORONTO AVERAGE! Vtard 20 Industrials up .67 20 Rails up 1.32 IS Utilities up .3! 65 Stocks UB Volume 8.010.0M modities showed at least mod- est advances to mid-session on the Winnipeg Grain Exchange today. oil at the year end totalled billion barrels, equivalent to 21 years supply based on 1971 pro- duction. Conventional crude oil duction averaged 975.000 bar- cialion. The cattle will not be' rels a day during 1971 but an j included in the show judging. The sales list includes 27 I Maine Anjou bulls and fe- males, 24 Limousin females. 11 Simmentals. and 45 Cbarolais. WINNIPEG TCP) I.ivi fulurcs close Monday. May 34.10R; Jly 33-50B. Friday's volume: No con- tracts. Hog prices ED.MOXTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers' Marketing Board. Edmonton: 28.90. average Monday 28.81. Red Deer: Monday 23.13 Calgary: Monday 28.81. Lethbridge: Monday 29.2S. Lloydminster: Monday 28.40. Livestock report additional barrels pushed the total to more than a mil- lion. The extra production came from the Athabasca Oil Rape-seed was up as much as Sands. two cents in some months and j -AS with conventional crude flax about one cent higher in i oil, the life index of natural some light exporter buying gas continued to decline over coupled with hedging by sell- the last few the report ere. added. Oilseed prices were steady j P r o duction of marketable while rye showed fractional natural gr.s totalled 1.7 trillion gams cubic feet, a 12 per cent in- Monday's trading, crcase "ver with "K sales 23.90, B.90, a v e r a gc 20.25. Lethbridge Livestock I 'eeders 100 ibs. sold from J 21.75 to 24.50 per cwt. Boars 50 to 100 per head. Bred gilts and sows 40 to 57.50 per head. Butcher hogs sold Monday at the Lethbridge yard. 28.95 to 29..10 base price. There were 140 hogs sold for export price converted to 23.25 liveweight. There were no cattle sales Monday to the weekly sale of .veragc j w.eoner anti feeder hogs. Sales 750 bogs. All classes of hogs met very good demand, feeders j under 100 Ins. sold cents to average y higher. Feeders over 100 Ibs. sold S2 or more higher. a v cragc I v.'eaners: S to 14.50 per bead; light feeders under 100 Ibs 15 to Grande Prairie: age Monday Tola] hogs sold 975. total j heavy feeders over 130 Ibs hog-i sold Monday aver-j 31.50 to 35.75 aver- i 22 per head; Heavy feeders 100 n 130 Ibs. 2B.26 to "27 per head; per head: light j feeders under 100 Ibs. sold from Calgary livestock CALGARY (CP) Receipts at the Calgary livestock mar- ket It) 11 a.m.. about 500 head: mostly mixed grades and imitcd by closing of U.S. markets for a national holiday, was extreme- ly light, vith only 389.000 bush- els of flax. 600.000 of Vancou- ver rapeseed, of Thunder Bay rapeseed and of rye traded. Mid-session prices: Flax: May Hi higher 2.68ViB-' July 1's higher Oct. 1 higher 2.67UB: Nov. not open. j Rapeseed Vancouver: March 1 higher June 1's higher j 2.51 B; Sep. higher j Nov. higher 2.485SE. j Thunder Bay: May j value estimated ?.t S263 million MULTI-LINE INSURANCE CAREER OPPORTUNITY TWO AGENTS WILL BE ADDED TO OUR STAFF IN LETHBRIDGE AND TABER AREAS competitive position of our company mean! greater earnings for represenlatrvo We Will Furnish Financing Assistance Education and Experience Meed Not Be Barrieri Phone 328-1175 ond Ask For Sales Manager 7 a Ihc Holders of Ordinary (Canadian Western Natural Gas Company Limited I'tiiilies. Limited h.15 made an oflor to fxrii.inse nnr nmiutotive reclrrm.ible convertible si-rond prrlnml share ol the v.ilne of SJO of r.-iii.-uliiin Utilities, l.imitol for h ordinary share of .iTi.idian Western Natural ('-as Company Limned. believe the Oiler lo be fair anil altiartive tn holder-, of ordinary shares of Canadian Wcs-eni Natural C.as Company Limited and reroniineuii acceptance of the Oiler. Kelen-ure is in.-ule to pace 2.' ol t he OflpririK Circular for particular." of fees parable lo tin-niidersiuned in rotinerlion with (lie Oiler. Thomson SrcnrHirs l.illlitril Slaughter steers were steady with last week's close and two loads cf strictly choice char-! olais steers of between and 1.130 pounds sold to 35.40. Heifers were steady with no strictly choice kinds offer- ed. Cows were 50 cents higher and bulls were steady. I 2.39B; Nov. not open. Oat.s: Mav unchanged GS'.iA: and Oct. not open. i Barley: May unchanged i and'oet. not open. Rve. jtay 97'r' Julv i- 94is; Ocl. un-; changed JLakcheadl: i Choice slaughter steers High Low (Insr to 34.80, good 33.75 lo .yt.50. Flas i Riwiiura 32.50 to 33.50. QioirelMay 267- i JM'.i Si7 j heifers 32 to 32.50. gond .Ily 2fiC MJi i lo 32, medium lo 30.75. GiXld i Ocl 2T.3'i 2fw5f COH-S 23.50 to 24.50. medium j Nov 22.50 lo 23.50, canners and cut- ..Kappsppd Vancouver lers ifl.Sfl to 22.50. Good bulls I Mar 2515H 250 :.w., to 27.50. .Inn 250 2-111 Replarement eatlle were I scarce selling sleady. Ruck I calves were steady [or quality. j (iood feeder steers more than 750 pounds lo j Coixl slock sleer calves to (iond stock heifer calves 32.50 lo 34.10. Hogs base price 28.90 Harlr May .My C'ainpo Indians of Matlo j Or I Giusso. Rra7.il, enlarge I heir I lover lips by slretehing Iheni M.-iy wilh n wooden plate in the IK'- .lly lief it. terrifies Iheir enemies. I Oet Sep ZVf'-i 2-lfl! N'ov 216 Kripeseed Tlumitcr Rav THItllll'V KMCMll-.S IDB. business We cnn lend lo nearly every typo of enterprise: manufacturing wholesale and iclnil trade tourism and recreation construction agriculture transportation and storage. I! yci; need financial assistance lo start, expand. 01 a hupincGS nnyxvhoro tn Canaria, wo invite you lo nV.rur.s your rnquitomcnls wilh ir; INDUSTRIAL DEVELOPMENT BANK Ask for this folder ;