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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 23, 1971, Lethbridge, Alberta Twtfey, MHMIT 1971 THi UTHMMI MUU If Market continues downward trend TORONTO (CP) The To- ronto stock market entered its fourth successive declining ses- as prices dropped fraction- ally in light mid-morning trad- log today. On index, Industrials were down .31 to 175.18 and western oils 1.44 to 199.58. Golds rose .11 to 179.37 and base metals 01 to 91.81. Volume by 11 a.m. was down from at the Mine time Monday. Losses out- numbered gains 143 to 78 with 176 issues unchanged. Weakest sectors were food processing, communications, merchandising and real estate. Among declining issues, Do- minion Textilec was down Vi to CPR to Inco Vt to Falconbridge Vt to Union Gas Vs to Mclntyre 1 to and Giant Mascot 10 cents to Among rising issues, Great Lakes Power was up to Labatts to Westcoast Transmission to Zell- ers Vt to Imasco Va to and Simpsons Vs to PRICES RALLY MONTREAL (CP) Prices rallied slightly in some sectors in light trading on the Montreal etock market today after Mon day's sharp sell-off. The composite index was up .03 to 172.88. On index, industrials were up to cut squawks Love Story made it big 17 to 176.89, while utilities wen off .19 to 151.38. Banks were down .63 to 179.36 and papers 06 to 91.61. By 11 a.m. shares had changed hands. Highlighting gains on the Montreal Stock Exchange were Asbestos, up to Trans- Canada Pipeline Vt to and Moore Corp. Vt to Highlighting losses were Simpsons Sears, off to Credit Fonder 1% to CPR to On the Canadian Stock Ex- change, Belgium Standard was up 4 to while Wingate was off to PRICES ADVANCE NEW YORK (AP) The stock market sloughed off prof- it taking attempts aaid some un- settling economic news as prices advanced after an early downtrend in active trade today. The noon Dow Jones average of 30 industrial stocks rose 1.09 to 870.07 at noon. International Nickel gained Vt at Pome Mines was up Vt at Hudson Bay Mining fell to Canadian Pa- cific and Genstar were off Vt at and respectively. On The American Stock Ex- change, Brascan Ltd. rose to Molybdenite Canada was off to and Scurry Rain- bow down Vt to TORONTO (CP) A group of television repairmen, hoping to rid their business of fly-by-night technicians and to cut down cus- tomer complaints in Metropoli- tan Toronto, is forming a trade association. The Metropolitan Toronto Tel- evision Technicians Association, while still in its developing stage, hopes to operate in con- junction with the Better Busi- ness Bureau, eventually obtain a charter and periodically pub- list of recommended lish a firms. Spokesman Roy Massey said Monday il a customer feels a repairman "has taken him to the cleaners" the association's grievance committee will re- view the problem. The group holds its first meet mg this week to determine its membership, clarify its objec- tives and elect officers, Mr. Massey said. The television repair field, long a source of complaints from both customers and certi- fied technicians, is a relatively easy field to enter to Ontario, as present regulations stand. ANONE CAN ENTER The provincial government recognizes TV repairs as a trade and gives certificates to persons who have been to the field at least four years, taken appropriate courses and passei an examination. But obtaining the certificate is voluntary anyone has the right to claim he is a qualified repairman. Frank Drea whose column main reason Alberta Action Line appears daily to The Telegram is working with he technicians to form as- sociation. Mr. Drea said Action Line re- cently replaced a ample tube with a faulty one in a television set and called to a series of re- airmen. "We had eight repair compa- nies check the set. tt was a am- jle repair that was needed, re- placing a burned-out IBS tube. Dnly three repairmen diagnosed that as the difficulty responsible for the blackened and distorted picture. And that tube is a rou- tine repair, nothing complicated or tricky." He said the repair prices from to while the tube in question has a suggested retail price of Hog prices EDMONTON (CP) Prices to 11 a.m. provided by the Al- berta Hog Producers Market- tog Board: Edmonton: Quoted 21.80. Av- erage Monday 21.83. Calgary: Quoted 21.75 to 21.80, selling 21.80. Average Monday 21.91. Red Deer: Quoted 21.75. Av- erage Monday 21.89. Lethbridge: No sales. Aver- age Monday 21.96. Lloydminster: No sales. Av- erage Monday 21.30. Total hogs sold Monday, 722, average 21.85. Sows aver- age 13.35. NEW YORK (AP) Arthur Hiller-not Miller; he's the playwright-may go down in Hollywood history the man who brought Romance back to the screen. And Paramount pictures em- ployees may think of the Cana- dian-born Killer as the man who saved their jobs. Killer for those who have chosen to hibernate for the sin- ter, is the co-producer with Howard G. Minsky and director of the perhaps the successful film, Love Story. Yes, the Erich Segal best-seller, which was a film script originally but turned out to be a novel before the film was finished. Yes, the old-lash- oned "troman's s ve-handkerchief weeper about Beautiful Young Couple (Ali ilcGaw and Ryan O'Neal) whose love is cut short when ill- snuffs out her life at the Livestock report Grain price review Winnipeg Grain Prices' WINNIPEG (CP) AH com- modities moved to easier price patterns by mid-session today on the Winnipeg Grain Ex- change. Rapeseed at the Vancouver position dominated most of the trading with heavy hedge of- ferings and some exporter in- terest. AH other commodities had a light volume of trade. Monday's volume of trade in- cluded bushels of flax, bushels of rapeseed and of rye. Mid-session prices Flax: May Vs lower July Vt lower 2.52V4B, Oct unch Nov. not open. Rapeseed Vancouver: March Vh, lower 3.13A, May 1 lower 2.93KA, July lower 2.75V4A Sept 9% lower Rapeseed Thunder Bay. April 1% lower 3.06KA, June 1% lower 2.84A, Oct. lower 2.70A. More barley deliveries required WINNIPEG (CP) G. N Vogel, assistant chief com missioner of the Canadiar wheat board, said here an im mediate increase in barley de- liveries by Prairie producer would enable the board to tak advantage of additional sales opportunities. Mr. Vogel said in a prepare! statement there is an opportu nity to make additional export sales for May, June and Jul delivery, "but we can't mak these sales unless we're certaii that producers wiU deliver th of television and to Hollywoot by way of Canada, where he die radio and TV documentaries fo the CBC. He still remembers his firs trip to the United States, takini a flight from Toronto to Chicag' and on to Los Angeles, where fa- was to direct Matinee Theatr back to American TV' "golden" '50s. "I wanted to turn back when was halfway there. I was scared. I'd never been anj where before. But when I go there, it was a beautiful, sun shiny day, the way days can b out I never left." DIRECTS GUNSMOKE He directed on Playhouse K for a time and did some of th Gunsmoke series before makto his first feature film, The Car ess Years, with Dean Stoc veil, to 1957. His list of mov credits includes Tobruk. Th iger Makes Out, The Amer anization of Emily, Popi, Th Out-of-Towners and the not-y released Plaza Suite. And debits: Promise Her An; ling. His favorite film is The Ame canization of Emily, an ant war comedy starring Julie Ai rews and James Garner. "It was actually the first of the Killer believes. 'It was ahead of its time." EDMONTON (CP) cell Ltd. today Decision to shutdown or ose of the three _______ ants, in Edmonton and Two tills, Alta., and Cornwall, OSL The Edmonton unit, a peho- hemical operation, sched- uled to shutdown thfa fall and ill affect sBout 325 of lant's 850 employees, plant nanager George Miller told a ews conference. Cornwall has a methanoi lant and Two Hills hu hloralkali plant. Mr. Miller said a re-location roject will be established to assist affected employees to btain other jobs. The company said ft had ecline in earnings last year, vhich it attributed to the un- pegging of the Canadian dot ar, the General Motors strike, continued "intense competition rom imports" and the impact of anti-inflationary measures on the economy. Chemcell is one of Canada's eading producers of chemi- cals, synthetic fibres, fabrics and carpets. 7.25 22.75 14.00 8 50 81.25 23.87'A 10.00 57.12% 5.45 80.00 18.00 20.75 14.25 2.45 39.00 19.00 16.50 43.00 37.25 17.00 7.50 5.25 3.EO 4.95 11.00 27.00 34.55 15.37Va 15.50 23.62% 5.50 8.35 12.25 19.00 34.12'A Ifl.SO 23.00 26.50 11.00 31.25 10.00 21.50 31.62% 15.62% 41.00 3.70 10.37% 14.87% 19.00 19.62% 3.40 1.40 20.00 14.37% 23.63V2 19.62% Two appointed commissioners at Edmonton EDMONTON (CP) Two city commissioners were named by city council and the job of Utilities Commissioner Stan Hsmpton was broadened to include responsibility for en- gineering. George S. Hughes, 46, city assessor- and formerly with Hu Harries Consultants, was named commissioner of public I affairs, including parks and re- creation. Thomas E. Adams, 46, of Mississauga, Ont.. a principal of a management consulting firm, was named commissioner of economic affairs. No starting date was set for the two jobs. Both appointments carry a five-year term after which there may be a re-appoint- ment. CALLED TOGETHER MEL BOURNE, Australia Robert and Ken- neth Bren, 20-year-old triplets, were called into the army to- gether because in Australia the draft is tied to the birth date. ROYAL BANK APPOINTMENT Potato futures WINNIPEG (CP) The Maritime potato futures market had light trade Monday with several trades at current levels. Open High Low Close Mar 2.40 2.40 Apr 2.50A May 2.90 2.92 2.90 2.92AI R. G. KRUGER The appointment of Mr. R. G. Kruger as Manager, Com- mercial-Industrial Develop- ment, Calgary, has been an- nounced by the Royal Bonk of Canada. Mr. Kruger ha! had extensive banking experience in Alberta having formerly held management posts in Calgary, Edmonton and Stet- tler. He will now be attached to the District General Man- ager's Department, 335 8th Avenue, S. W., Calgary, Al- berta. New York stocks Supplied by Richardson. Securities ol Canada 20 Rails 193.10- UP .84 Chrysltr 2675 General Motor, ao.oo 50 Golds 179.K, oil .1! JO oil .12 ,5 olf TooTo 20 "nil 175.78, UB .29 30 Inds 870.70, olf 1.09 Volumi Road Construction Foremen South Central Alberta County requires the services of qual- ified road construction foremen, capable of laying out and estimating road construction projects and on-site engineering. Salary to be negotiated. Usual employee benefits, including insurance, health benefits, etc. Apply, slating age, moritial status, experience, references, and availability to commence work, tot F. J. DAWLEY, County Commissioner County of Mountain View No. 17, P. O. Box 100 v Didsbury, Alberta CP Airlines income down VANCOUVER (CP) Cana- dian Pacific Airlines president John C. Gilmer announced here net income for 1970 of million, down from million to the previous year. Income for 1970 was based on a gross revenue of mil- lion and a sharp 17.2-per-cent increase to operating over the previous year. Rev- enue for 1969 was mU- lion. "In company with the airline industry we are suffer- ing from runaway cost escala- tion, to such basic elements as airport, airway, fuel and labor Mr. Gilmore said. Beef futures WINNIPEG (CP) Trading was mostly inactive on the Winnipeg livestock futures mar- ket Monday. Open High Low Mar 32.70A Mav 81.SON Jly" 31.25B FIRST SETTLEMENT The first permanent white set- tlement in Ohio was established in 1783 in Marietta. ELECTRONICS TECHNICIAN South Central ETV (COMET) Studio requires Electronics Tech- nician to assist in operation, maintenance, and repair of Television Studio Distribution System and Audio-Visual Equip- ment. Usuol Employee Benefits (Alberta Heolth Care, Blu. Cross, Duties to commence immediately. Solory commensurati with experience and qualifications. Apply, giving age, marital status, experience, and refer, ences to the undersigned. F. 3. DAWIEY County Commissioner, County of Mountain View Ne. 17, P. O. Box 100 Didsbury, Alberta Ask for iii folder to learn how you may obtain an IDS loan to assist in starting, modernizing or expanding your business any- where in Canada. business loans anywhere vn Canada _ INDUSTRIAL DmLOPMEHJ BANK TERM FINANCING FOB CANADIAN BUSINESSES LETHBRIDGE-, AII.V 2. South-Tel.: 328-9681 ;