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Lethbridge Herald (Newspaper) - January 2, 1971, Lethbridge, Alberta in si\i:ss Ottawa weekly livestock report OTTAWA (CP) - Cattle deliveries at the 10 public stockyards during the three - day holiday week totalled 13,000 head, an increase of about 3,000 from the previous week and 1,-000 fewer than in the corresponding week a year ago, the agriculture department said Thursday. Exports of beef cattle to the United States last week totalled 118 head, while 862 cattle of U.S. origin were slaughtered at Canadian packing plants. The continuing light cattle offerings in view on the short trading week resulted in an active demand and stronger prices in nearly all classes. Steers were generally steady to $1.25 higher and heifers steady to $1 higher. Cows were higher at all centres, with gains varying from 80 cents to $1.50. Feeder cattle and stock calves were scarce and mainly steady. Veal and butcher calves were in limited supply at steady to sharply higher prices. The hog market varied from slightly lower to about $1 higher for the week. Lambs were uneven both in price and demand. Choice steers: Montreal 31 to 32.25; Toronto 30.50 to 31.50; Winnipeg 30.50 to 31; Saskatoon 29 to 30.30; Edmonton 30 to 30.50; Calgary 30.25 to 31.50. Good heifers: Montreal 25 to 26.50; Toronto 28 to 29; Winnipeg 27.50 to 28.50; Saskatoon Bond prices Supplied by Donerty Roadhouse and McCualg Bros. OOVItNMINT Of CANADA 10NDS OVHNMINT Of CANADA UAtANTKD BONDS Can. Nat. Mwy. Bid AsM 6 % Apr. 4Vt% Sept. SV4% Oct. 8 % Jly. 4V4% Sept. 8 % Oct. Wi% Apr. 7V*% Jly. 5'/4% Sept. 1, 1. 1, 1, 1. 1, 1, 1. 1, '71 99.85 100.55 '72 98.75 99.75 98.25 99.25 105.50 106.50 82.25 83.75 108.50 109.75 102.00 102.75 104.25 105.00 75 '78 '83 '86 75, '75 '92 84.25 85.75 rtOVINCIAl Ontario 7 % '88 88.75 91.25 Ont Hyd 9 % '95 108.25 109.75 Man Hyd 9 % '90 105.75 Sask 7>A% '88 90.75 Man Tel 8 % '74 101.75 103.25 mDUSTtlAl Abitibi 7y4% Abitibi 9%% Alta Gas 9%% B. C. Tel 9%% Bell Cdn 9% C. P. Sec 9%% 87 84.75 87.25 '90 104.25 106.75 90 104.75 107.25 '90 104.25 106.75 '89 105.75 108.25 '90 101.75 104.25 C. P. Rail 8%% '89 103.75 106.25 Gulf 8%% '89 104.00 105.10 Hud B A 9%% Imp Oil 8%% Int Nkl 9y4% '89 106.75 107.25 '89 103.25 105.75 '90 104.75 107.25 Indust ACC 9Vt% '92 103.75 Labatt 9V4% '90 103.25 105.75 Massey 9%% '80 101.25 103.75 Noranda W*% '90 103.25 105.75 North C 9%% '91 103.75 106.25 Simpsons 9%% 103.25 105.75 Sears A 9Vz% '89 104.75 107.25 Traders 9%% '90 101.25 103.75 Trans C P 10% '90 104.75 107.25 CONVIRTWUI Acklands 7%% '88 77.75 82.25 Aha G T !Vz% '90 121.75 124.25 Con G 5%% '89 93.25 95.75 Dynasty 7 % '87 64.75 75.25 Scur Rain 7V4% '88 91.75 95.25 Tr Cdn P 5 % '89 91.75 94.25 West Tr C 5%% '88 79.95 84.25 Columbus late arrival 26.50 to 27.50; Edmonton 27.50 to 28.50; Calgary 27 to 28.50. Good cows: Montreal 21.25 to 23.25; Toronto 21 to 22; Winnipeg 22 to 23.50; Saskatoon 20 to 21.50; Edmonton 20 to 21; Calgary 20.50 to 21.80. Good feeder steers: Toronto 31 to 35; Winnipeg 29 to 34; Saskatoon 29 to 35.50; Edmonton 30 to 37; Calgary 29 to 37. Good and choice veal calves: Montreal 40 to 45; Toronto 35 to 45; Winnipeg 45 to 55; Edmonton 37 to 42. Good lambs: Montreal 27 to 27.50; Toronto 28 to 32; Winnipeg 28.50; Edmonton 24 to 27.50. Basic hogs: Toronto 25.35 to 27.30; Winnipeg 22.65 to 23.65; Saskatoon 21.90 to 22.10; Edmonton 22.25 to 22.50; Calgary 21.75 to 22.40. Taber Livestock On offer for the weeks sale at the Prairie Livestock Ltd. was 338 head of livestock consisting of 309 cattle and 29 hogs. Trade was very active on a good strong market. Yearling feeder steers and heifers were up $1. Steer calves steady, heifer calves 50 cents stronger. Weaner hogs steady. Good butcher cows-20 to 21.30; fair to medium 19 to 19.90. Good yearling feeder steers- 650 to 750 lbs., 35 to 36.25; fair to medium feeder steers 33.50 to 35. Good yearling feeder heifers -31.50 to 33; fair to medium 30.50 to 31.25. Good steer calves - 40 to 42; fair to medium 37 to 39.75. Good heifer calves - 35.50 to 36.50; fair to medium 34 to 35.25. Weaner hogs-7 to 9. Perlich Livestock There were 669 head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 275 cattle and 394 hogs. The cattle market was steady on all classes of feeders. A few fat cattle on offer were trading higher. Price quotations were as follows: SLAUGHTERS Low choice steers 30 to 30.50; good cows 20.50 to 21.25; medium 19 to 20; canners and cutters 15 to 18.50. \ REPLACEMENTS Steers 650 to 800 lbs. 32 to 34.50; steers 800 to 950 lbs. 30.50 to 32; light holstein feeder steers 32 to 33.75; good feeder heifers 30 to 32.50; medium quality 27.50 to 29.50. Stock steer calves 40 to 42.75; calves 500 to 600 lbs. 37 to 40; holstein steer calves 37 to 39.75; heifer calves under 450 lbs. 32 to 34 with sales to 36; heavy heifer calves 30 to 32; feeder cows 19 to 23, depending on age and quality; bred cows and heifers 270 to 315; plain quality bred cows and heifers 220 to 260. HOGS All classes of hogs met an improved demand this week prices 2 to 4 dollars higher, Weaners 9 to 11.25; light wean ers 7 to 9; light feeders under 100 lbs. 14 to 18.50; feeders over 100 lbs. 19 to 26.75; bred sows and gilts 40 to 72.50, depending on size and quality. POINTEDWARD, Ont. (CP) - Christopher Columbus, who Thor Heyerdahl says was beaten to America by the ancient Egyptians, may be proven even more of a John-ny-come-lately if the theory of a Canadian author holds water. Rev. Orlo Miller believes a Roman landed in Mexico about 116 A.D. The Anglican priest's numerous books Include The Donnellys Must Die, about Canada's most famous massacre, in Lucan, Ont., in 1880. In an interview, Mr. Miller said he has been studying the Mayan and Aztec civilizations WERE BROTHERS Two British Columbia premiers were brothers-Alexander Edmund Batson Davie, 1887-89, and Theodore Davie, 1892-95. New image seen for mutual funds PRAIRIE LIVESTOCK LTD. SALE EVERY MONDAY AT 1 p.m. Let Us Take the Worry Out of Your Livestock Sales . . . our contacts with professional order buyers, plus your oarly consignment, means top prices for youl PRAIRIE LIVESTOCK LTD. PHONE 223.3921, TABER DAY OR NIGHT Auctioneer: Sales Manager JOHNNY CHARITON GARY JENSEN Lie. 293 TORONTO (CP) - The managing director of the Canadian Mutual Funds Association predicts mutuals will acquire a new and more rational image in 1971. "The greatest plus of 1970 was the end of the performance cult," C. Michael Bell said in reviewing the last year. Mutual funds, along with other securities, suffered through a year of declining values. The mutuals-professionally-invested funds designed primarily for the small investor-had addel bad publicity with announcements of management problems in the world's largest mutual fund organization. The CMFA represented 50 mutual funds at year-end. Mr. Bell estimates association members hold 85 to 90 per cent of total mutual fund asset; in Canada and represent about 95 per cent of total mutual fund ac counts. Funds not members of the association include many operated by brokerage houses and by organizations such as the Canadian Medical Association and the National Hockey League. ASSETS $2,279 MILLION Value of total assets adminis tered by CFMA members at Sept. 30 was $2,279 million, Asset value totalled $2,678 million at the end of 1969 and $2,834 million at the end of 1968. Securities prices since Sept. 30 have recovered some of their previous losses but Mr. Bell doubts that the total value at year-end will come close to the closing figure for 1969. Total number of shareholder accounts among CFMA mem bers was 770,000 at Sept. 30, compared with 845,000 at the end of 1969 and 702,000 at the end of 1968. Mr. Bell said surveys show about one-third of the accounts are held by people investing in two or more funds. Consequently, about 500,000 Ca nadians hold mutual-fund shares. Mr. Bell says he is "happy to see this year out. It's been a hectic year." He hopes investors will remember and decide what is a "reasonable return" on their money when planning to buy mutual funds. The lesson of 1970, he says, is that mutual funds were not designed to make the investor rich. Mutual fund values rose with the spectacular growth of securities prices during the mid-1960s but "when everybody is making money, then nobody is making money." DISCUSS REGULATIONS Securities administrators for the 10 provinces began discussions during 1970 on standardizing regulations for mutual funds. Mr. bell says he hopes these discussions will lead to legislation in 1971. The principal problem for mutual funds is that requirements for prospectuses are different. This means 10 different booklets -which tell the prospective investor about a fund-must be prepared if a mutual fund wants to sell in all 10 provinces. Life insurance salesmen were allowed licences to sell mutual funds in nine provinces during 1970. New Brunswick is the only province that has not completed proposed regulations allowing dual licensing. Serious financial difficulties with IOS Ltd., the Geneva-based giant with mutual funds in several countries, were revealed in 1970 and the company's founder, Bernard Cornfeld, was replaced as chief executive officer. Mr. Bell said the adverse publicity will have affected the mutual fund industry and he is concerned that people did not differentiate between the management of IOS Ltd., and its funds. IOS Ltd., the parent of more than 80 subsidiaries, did have management problems but this did not affect the asset value behind subsidiary funds, including those in Canada. of Mexico for about 35 years and has visited Mexico several' times to confer with ar-cheologists. In a manuscript titled The Day-Spring, which he hopes to have published by 1972, he sets out to prove that a Roman Christian and his followers, fleeing the persecution of the Roman Emperor Hadrian in the first century A.D., landed in Mexico. Mr. Miller says the Mexican Indian legend of Quetzalcoatl, a white bearded god, is rooted in fact and that the legendary god appears in the mythology of Indians from Nova Scotia to Bolivia and Peru. In Nova Scotia, the Indians call him Glooscap, he said, and all the American Indian legends of the white bearded god are startlingly similar. POINTS TO CROSSES Mr. Mill'er said many crosses in Mexico pre-date the Christian influence of the Spaniards adding that on his last trip to Mexico City he was shown a piece of pre-Christian pottery with the head of a bearded Caucasian. Mr. Miller says evidences of Christian influence in religions of the Mexican Indians are their use of baptism, confession, and absolution. The route to Mexico used by the persecuted Roman Christians would likely be the same as that Norwegian writer Thor Heyerdahl sailed this year from Africa to the West Indies in his Egyptian-designed papyrus boat Ra, Mr. Miller said. "The Romans of the first century certainly had the vessels capable of making the Atlantic crossing." Mr. Miller is rector of St. Paul's Anglican Church in this suburb of Sarnia, and has been a journalist, playwright and screen writer. By ART JOHNSON Canadian Press Staff Writer Canadian stock markets bid goodbye to 1970 this week on a favorable note, with small advances posted during the four-day trading period. The Toronto Stock Exchange's industrial index, regarded as a prime indicatorof market movement, rose 1.69 points to 174.44 during the week. By Thursday, markets had advanced for six consecutive sessions. Exchanges were closed Friday, New Years Day. On Wall Street, prices also rose during the week. The Dow-Jones average of key blue-chip lies gained 10.64 points to 838.92. The rally brought markets to their highest levels in several months. For example, the Toronto Stock Exchange's industrial index climbed during the week to its strongest point since April. However, markets were still down from levels at the beginning of the year. The Toronto exchange's in dustrial index was down 6.40 per cent New Years Eve from its level at the beginning of 1970. The exchange's western oil index was down only 1.88 per cent on the year, due to recovery in the last half made on the strength of anticipation of increased quotas for Canadian oil in the United States. GOLD INDEX RISES Toronto's gold index was up 9.63 per cent on the year, reflecting rising bullion prices on world markets and heavy investment in gold as a hedge against declines in other market sectors. Base metals took the biggest plunge, with the Toronto ex- pays GM $634,280 for ideas OSHAWA, Ont. (CP) - General Motors of Canada Ltd. paid $634,280 to employees in 1970 for suggestions resulting in product safety, savings of materials, improved manufacturing methods or in-plant safety procedure. The total was down from $837,400 in 1969 because of the three-month comp a ny - w i d e strike. GM paid maximum $10,000 awards for suggestions to four employees Hydra plant fought SHEFFIELD, Mass. CAP) - Residents of this normally tranquil farming and vacation region in the Berkshire Mountains are fighting a proposal by a group of utilities to build one of the world's largest pumped storage hydroelectric plants. The plant has been proposed for one of two sites-either in Massachusetts or in northwestern Connecticut-in this relatively unspoiled region. The project would dam streams, heap up rocks and earth to form dikes, scoop out a mountainside and string transmission lines through prime recreation and resort land. The facility would generate two million kilowatts of power, be larger than the Niagara Falls or Grand Coulee hydroelectric projects, and cost an estimated $185 million at whichever site is chosen. Opponents of the construction criticize it as harmful to the environment. They claim that alternate means of generating electricity have not been adequately investigated. The utilities regard the claim of environmental damage as untested. They contend that pumped storage is an economical and reliable way of producing additional electricity during periods of high demand. The dispute is between Northeast Utilities-a combine of four Massachusetts and Connecticut power companies, and the Berkshire-Litchfield Environmental Conservancy Council-a citizens group named for the adjoining Massachusetts and Connecticut counties where the proposed sites are situated. Boyle's column By HAL BOYLE NEW YORK (AP) - Memories are the best investments. They keep an enduring value, and will be worth as much or more a decade from now as they are today. Your memory hoard is pretty extensive if you can look back and remember when- The best way a man could Impress people with his dignity was to wear a stiff starched white collar. A successful girl watcher was one who, on a windy day, got a glimpse of the top of a woman's high-buttoned boots. The age of efficiency began when they got rid of the conductor on streetcars, and the motorman had to start collecting passenger fares. Housemaids got less for a week's work than they now do for a day's-and they usually curtsied when spoken to by the master or mistress of the house. The height of revolt on a college campus was a midnight panty raid on a sorority house by a bunch of intoxicated fraternity men. Skiing was largely a sport enjoyed by foreigners, and it was done on snow, not water. About all most lads knew about women was what they could learn by watching the girls' high school basketball team play in middies and bloomers. An inferiority complex was what a small boy labored under until he grew enough permanent front teeth so he could emit an ear-piercing whistle. FEARED HATPINS Thugs hesitated to snatch the purse of a woman at night for fear of being skewered by an eight-inch steel hatpin. A husbands hated to go out for an evening because, instead of simply zippering a wife up the back, he had to spend half an hour lacing her into a whalebone corset. When the doctor made a house call, the small children in the family tried to peek into his little black bag to see if it contained a tiny baby - for that was where babies came from in those days. Only the well-to-do went to an eye specialist for a prescription for glasses. Why pay out good money for that when you could go to the nearest fifteen-cent store and pick out your own pair for a dollar or less? There are 28 existing pumped forage plants throughout the United States, and Sherman Knapp, chairman of the New England utilities group, has called pumped storage "the handmaiden of nuclear power." An opponent of the project, Hoi ger Oleen, characterizes the project as "the handmaiden of environmental despoliation." Foes of the project contend in a protest filed with the Federal Power Commission that nature would be seriously and irreversibly disturbed by a pumped storage plant, with its extensive excavation and construction fluctuating reservoirs, underground tunnels and powerhouse, and its huge power distribution system. The plant would operate by using electricity generated during "off-peak" hours to pump water from the lower reservoir to the higher one. Then, when demand is high, the water would be allowed to flow back 10 the lower reservoir, thereby generating additional electricity as it passes through giant turbines. Not all the residents of the region oppose the plant. Some favor it and some have not made up their minds. For the latter, the conflict between the need for power and the need to protect the environment has not been resolved. Saturday, January t, 1*71 - THE LETHMIDOE HERALD - 21 High note ends year change's index of base metal issues down 21.17 per cent on the year. Canadian exchanges traded a total of 11,340,134,904 shares during 1970 worth $4,288,056,605, down from 2,015,849,766 shares worth $8,623,533,790 in 1969. On index at Toronto during the week, base metals were up 1.07 to 91.35. Golds dropped 1.37 to 161.71 and western oils 1.24 to 194.90. Volume at Toronto during the four days was 7.42 million shares, compared with 5.23 million in the 3% trading days last week. The exchange was closed Thursday afternoon and all day Friday, Christmas Day. At the Montreal and Canadian exchanges, the composite index was up 1.41 to 172.87. Combined volume was 4.86 million shares, compared with 3.17 million last week. Gains outnumbered losses 219 to 108 with 99 issues unchanged. Soccer results ENGLISH CUP Third Round Barnet vs. Colchester, ppd. Blackpool 4 West Ham 0 Cardiff 1 Brighton 0 Chester 1 Derby 2 Crystal P 2 Chelsea 2 Everton 2 Blackburn 0 Huddersfield 1 Birmingham 1 Hull 3 Charlton 0 Leicester 2 Notts County 0 Liverpool 1 Aldershot 0 Man City 1 Wigan 0 Man United 0 Middlesbrough 0 Newcastle vs. Ipswich, ppd, Notts Forest 1 Luton 1 Oxford vs. Burnley, ppd. Portsmouth 2 Sheffield U 0 Queen's PR 1 Swindon 2 Rochdale vs. Coventry, ppd. Rotherham vs. Leeds, ppd. Southampton vs. Bristol C, ppd, Southend vs. Carlisle, ppd. Stoke 2 Millwall 1 Sunderland vs. Orient, ppd. Swansea 6 Rhyl 1 Torquay 4 Lincoln S Tottenham 4 Sheffield W 1 Watford vs. Reading, ppd. West Brom 0 Scunthorpe 0 Wolverhampton 5 Norwich 1 Workington 0 Brentford 1 Yeovil vs. Arsenal, ppd. York 2 Bolton 0 ENGLISH LEAGUE Division III Bamsley 0 Bristol R 4 Chesterfield 2 Mansfield I Doncaster 1 Port Vale 2 GiUingham vs. Bradford C, ppd. Plymouth 1 Halifax l Walsall 3 Aston Villa 1 Wrexham 2 Fulham 2 Division IV Barrow 1 Bournemouth 2 Cambridge 2 Darlington 0 Exeter vs. Northampton, ppd. Grimsby vs. Crewe, ppd. SCOTTISH LEAGUE Division I Airdrie vs. Falkirk, ppd. Clyde vs. Motherwell, ppd. Dundee vs. Dundee United, ppd. Dunfermline vs. Hearts, ppd. Hibernian 2 Cowdenbeath 2 Kilmarnock 1 Ayr 1 Morton 1 St. Mirren 1 Rangers 1 Celtic 1 St. Johnstone 0 Aberdeen 1 Division II Berwick 2 Arbroath 0 Brechin 0 Dumbarton 2 Clydebank 3 Montrose 0 East Fife 3 Alloa 1 East Stirling 0 Partick 2 Hamilton 3 Queen of S 1 Stenhoussemuir 3 Raith 3 Stirling Albion 0 Queen's Pk 2 Stranraer 4 Albion 1 New light may be shed on ill-fated expedition EDMONTON (CP) - Some new light on Sir John Franklin's first expedition in the Canadian Arctic may be shed by diggings made last summer. Prof. Tom Losey of the University of Alberta says it is possible some information may be derived from study of artefacts he and his associates dug up during the summer on the site of Fort Enterprise in the Northwest Territories. Fort Enterprise was on the Snare River 775 miles north of Edmonton, and it had been hoped the remote location would have preservel much of the equipment used by the party. But it was found that passing bands of Indians and white explorers and prospectors had swept the surface clean of any of the Franklin relics-and in one incident someone had even excavated through the floor of the main hall. Sir John Franklin and members of his 1819-22 party spent two bone - chilling winters at Fort Enterprise, and Sir George Back made some excellent drawings. ENVIRONMENT STUDIED "The key theme of the diggings," Prof. Losey said in an interview, "was to try to understand just what role the environment played in the success and failure of the Franklin expedition. It will take months of study to do this. "We also want to know what effect man had on the environ ment." Artefacts being processed at the University of Alberta are materials obtained from refuse piles around the buildings and two fireplaces in the main quarters. The diggers obtained square nails, pieces of brass, copper and tin, flint gun parts and glass beads. Prof. Losey said that from drawings by Sir George Back one can see that the tree line has advanced northward, perhaps due to changed climatic conditions, and this Is one facet for study. By comparing plant life, vegetation cover and pollen, other indications of changes can he learned, he added. By identifying bones it may be possible to discover what the daily diet of the expedition members was. By collecting weather information and comparing the figures with Franklin's journal, it would be possible to find out what climatic changes have taken place in the last 150 years. FORT LACKED WALLS Prof. L 0 s e y' s expedition may also find out details of the Macleod Livestock FORT MACLEOD: On offer Tuesday, 524 head of cattle and calves. A total of 64 slaughter were sold. A few dry fed heifers 28 to 28.60 with one load 1,070 selling at 28.75. Good cows 20 to 20.75, fair to medium cows 17 to 19.60; good balogna bulls 21.50 to 22.70. Good feeder steers, 750 to 800 lbs., sold 32 to 33.80, with heavier weights 29 to 31.50, lighter weights to 34.50. Good feeder heifers 29.30 to 30.50, medium 26.50 to 28.40. Good steer calves 38.25 to 41.00, depending on weight with similar heifers 33.75 to 34.25, choice replacement 36.75 to 37.20. Good stock cows 280 to 305, medium 250 to 272.50, plains down to 190. party's construction methods and the layout of the "fort." which is unknown now. Prof. Losey said the metals mav be parts of tin plates and beads may have been taken for trade with the natives. The "fort" had no walls or palisades, but it was given the name following the universal custom in those days for naming northern settlements. The site afforded access to the Coppermine River and was close to the migration route of the caribou. The location also had enough trees so three buildings could be erected. Prof. Losey's party was able to locate the three buildings on the site, but did most of their work within the large building which had housed a meeting hall and the bedrooms of Sir John and two other leaders. H. H. Smith Ltd. Customs Broker KINGSGATE 04-424-5458 I f I  CALGARV *, 26340501 \ I \LETHBRIOCe 328-8141 COUTH Phono 344-3822 COUNTY OF VULCAN NO. 2 requires SUPERINTENDENT OF SCHOOLS The County of Vulcan No. 2 employs 89 staff members in nine schcu�s. Enrolment Is made up of 940 elementary students, 50u junior high students and 400 high school students. High school facilities ore mainly centralized in Vulcan. POSITION: Chief Executive Officer of the School Committee SALARY! To be determined considering qualifications and experience COMMENCEMENT DATE, To be arranged. Expected to be March 1-April 1, 1971. CLOSING DATE: January 18, 1971. Applicants are requested to submit a written resume of their training and experience, references and salary expected to: Selection Committee Chairman, Suporinlondont of Schools Competition County of Vulcan No. 2, P.O. lex 180. VUICAN, Alberta. THE STOCKMAN'S MARKET TUESDAY 1:00 p.m. HOGS - SHEEP DAIRY CATTLE We are assembling market hogs Monday thru Friday REGULAR CATTLE SALE THURSDAY-l:0O p.m. Stocker - Feeder and Fat Cattle PERLICH BROS. AUCTION MARKET LTD. located In the hub of Southern Alberta's livestock Industry, 3 miles east of Lethbridge on Highway 3 and a V* mile south PHONE DAY OR NIGHT 328-3951 BOX 1057, LETHBRIDGE ;