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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 3, 1972, Lethbridge, Alberta Mw4ar, MMwry I, IfTl TM UTHHID4I HRAIA _ ff A FIX Stock prices up in early trading TORONTO (CP) Prices gained to Inter- the Toronto stock market Nickel and Mclntyre mixed to slightly higher in light mid-morning trading today. The industrial index was were bath up Vz at and respectively. Walker Gooderham lost at .50 to 182.54 and western oils to 215.82. The gold the American Stock Ex- dropped .43 to 140.68 and Scurry Rainbow 0 i 1 metals .06 to at' J'4% and Brascan Volume by 11 a.m. was lost to shares compared with at the same time Industrial mines and pipeline stocks led gaining Issues as 10 of the industrial index's 17 prices groups were Five subgroups had declines, with Grain munications stocks showing the largest drop, and two were unchanged. Advances led declines 82 to 64 with 116 issues unchanged. Codville A, up 75 cents to had the largest price change. The Oshawa Group announced Friday agreement had been reached to buy control of ths Winnipeg-based food wholesale company. Osfaawa GroupA was up (CP) Rape-seed prices dropped slightly in a moderate local and commission house trade with limited exporter buying interest at mid-session on the Winnipeg Grain Exchange today. Other commodities were quiet and featureless. Volume of trade Thursday was bushels of flax, of rapeseed and flltt, Ineo Vi to rye. clean-Hunter Cable Vt to prices Texas Gulf 34 to ?15% and May lower 2.48, Canada Vi to 1 lower Oct. 2.55A. Great West Steel dropped Vancouver: Jan. to ?51i, Eraser Companies to }12ifc, Molson B Vi to lower 2.31A, March 134 lower 2.35VsA, June lower Shaw Pipe to and Simpsons-Sears YB to Rapeseed Thunder Bay: Bralorne Can-Fer gained 1 lower 2.29A, July "A low- cents to Lochiel, four cents to and Pan Ocean Oil Vi 2.31A. Oats: May Vt lowar 67B, July im'e. Siebens OU and Gas 63B, Oct. not open. 20 cents to and Northgate May unchanged plorations 35 cents to July not open, Oct. 1.08B. SLUGGISH TRADE MONTREAL (CP) Prices were fractionally higher in May Ti lower 96 A, July 1 lower Oct. not open. gish trading on the itock market today. On index, industrials rose .57 to 187.30, utilities .31 to and the composite .38 to Banks dropped .96 to 225.03 and papen .06 to board Combined volume on Montreal and Canadian stock exchanges at 11 a.m. was shares, compared with at the sttne time (CP) Alber- Canadian Javelin rose to Internattooal Nickel has set up its environmental research trust to ad- and Ultramar %to Wii. Bank of Montreal dipped to fis% and Border Chemicals bequests and gifts for expansion of research into environmental improve- to Environment Min- MODERATE Bill Yurko announced NEW YORK (AP) market prices rang in the trust, created under leg- Year with moderate at the spring session today. Trading was fairly not proclaimed until last will finance research The noon Dow Jones othenvis'3 might not be of 30 industrial stocks rose met out of public In he said. Among Canadians E. E. Ballantyne, deputy minister, was named chairman of the board Old trustees. Board members are Betty Mitchell, Dr. E. E. Daniel and Bud Conway, all of David Wood and Dr. R. A. Hitter of Calgary, Scanunell of Red Deer ENGLISH LEAdUE Division Bob Neufeld of Grande Arsfnal 1 Everton Coventry 1 Southampton Crystal P 1 Tottenham Derby 1 Chelsea Huddersfleld D stoke 0 Ipswich 2 Writ Brom 3 Liverpool o Leeds 1 Mm city t Norn F Sheffield U 1 LekMler West Him 3 Mm Untied Wolvtrnimpton 2 Newcastle 0 Division 5 Watford 0 C 1 Birmingham 0 Cardiff 1 Middlesbrough 0 Carlisle 2 Orient 0 Charllon 2 Preston up 2 Swlndon Lulon 2 Mlllwall (CP) Mac- Oxford 0 Norwich 2 Portsmouth 0 Hull Blp-Jel Ltd. has an- Queen's PR 3 Burnley an increase in Sunderland 2 Sheffield W price of standard news- Dlvlilon III Aston Villa 1 Halifax in tlie western Unilec Barnsley 0 Bristol effective Jan. 1. Blackburn 1 Walsall new price will be a Bournemouth 4 Wrexham Bradford C 1 Rotherham Menslield 2 Chesterfield similar increase was an- Nolls C 1 Brighton 0 Oldham 3 Rochdale earlier last week by Porl Vale 2 Shrewsbury Zdlci-bach Corp., San Torquay 1 Swansea 4 Tranmere 3 Plymouth 2 York 0 Bollon wliich is the marketing agent for Crown Zeller- DlvHlon Canada Ltd. Aldershot 3 Newporl companies originally Cheiler 1 "Exeler in July that an Crewe 2 Colchester 4 Darlington 2 Clmbrlugn 1 Doncaster 2 Stockport would take effect Nov. 1, but the action was deferred Grlmsby 4 Seuthend 1 Hartleoools 3 Gllllnqham 1 Lincoln 1 Worklngjon of the price freeze instituted in August by President Northampton 0 Scunthorpe Peterborough 2 Brentford 2 Soulhporl 1 Barrow standard newsprint price Canada was raised a ton SCOTTISH November. Civilian Alrdrleohlans 0 Molherwell Clyde 0 Celtic Dundee 1 Aberdeen Dunfermllne 2 Easl Pile 2 Hibernian 0 Hearts 0 Kllmarnock 2 Falklrk Morion 0 Ayr Rincers 2 Partlck 1 St. 2 Dundee U Lctlibridgc and Calgnry Division livestock markets arc Brechln 1 Mnnlroso today nnd will resume Clydebnnk 2 Dumbarton 3 E Sllrllng 3 Queen's Pk 1 Forfnr 0 Arbroalh Hamilton 1 Albion Ralth 1 Cowdenbealh SAVES FAMILY Slenhousemulr 2 Allna Stirling 3 SI. Mlrren Neb. (AP) A Slranmer 1 Queen of S awakened one member of IRISH Arnold OUo family and the CUT family members fled Ards 1 Glennvon 0 BJtllymena 3 Colnralne o fire Hint engulfed tlicir Crusaden 0 Clenloran storey frnme home, tire Orrry Clly 4 Banger 4 L'lnllald said. The cat died in Poruaown Diillllirr fire. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. Roadbouse aod McCusiJ) LAST BID OR SALE a.m. Quotesl a.m. Quotes) a.m. QuDf.t) WESTER OILS Hud Bay Oil Pld M.W Mutual Ac 5.24 5.7 Almlnex 520 Hugh Russe 1 1S.A2'A Mutual Gr F 5.13 5.6. Alia East Ges 5.40 Husky Oil Nal Rei 6.75 7.3 Asamera 17.75 Husky Oil B 42-SO N W Fin 4.47 4.9 Ashland 12.00 Husky Oil War 4.50 5.82 4.11 Cm iilJD Into frm SlHl "jS ff, f{ CdnHome Pfd MGF Manage 2.00 Vanguard 11.2 Cdn Ind Gas Oil Pacific Pel. 31.25 VANCOUVER Cdn Long Is .72 Sicks MINEs Cdn Super 43.00 Teladyne 5.00 Charier 5.50 WMI Ldn Seed .M Chlellan 8.10 Whlll Yukon 9.7S Explor .32 Dome Pele CALGARY 1.07 h Gt Plains 29.15 Acroll M Brendfl 4.30 Gl Cdn Oil 5.05 Barons Oil .04 Churchill Copper .85 Lochiel 1.57 Madison .it Croydcn -82 Norlh Cdr. Cl; 5.40 North Cent -02V4 Dankoe -35 Numac 12.65.Vi West Warner .42 Dolly Varden -30 Foil Cin Pill 14.25 PIPELINE STOCKS Dynasly 5.95 Pan Ocean 12.12W Atta Gas Tr L A 51.00 Fort Reliance .35 Patrol 1 3H B Sugilr 00 INDUSTRIES All Cdn D vid 9.15 10.00 B.C. Sugar Pfd 16.50 .lain, lion All Cdn Venl 365 3.911 Capl Inlcr 6.12 B rn J'Sv Gr F 4.33 6.45 Crcilbrock Fn Ind 3.75 ?nn a rn'S AGF sPKlal 3M B 17S TH B 37171A Cdn F IM !'15 Ke' Z! Cdn Brew B Co, fi 15 fi 75 Hy5 3.70 Cdn Pacillc Inv Cmnw 132? 13iio inlerlor Brew 3.65 J Crowsneil Ind 30.00 Cmrm Letf 3.77 62 t Cygnus A 5.50 Corp 5.57 409 rjkanagen Helicop 6.B7V !Cygnus B S.R7Vi Corp Invest SI F 4.12 S.27 Pacific W Air Genslar 12.17'A Drevfus F U.S. 12.54 13.74 stampede lull Res .84 Home A 3j.25 Gr In Shares 3.46 3.81 OILS Home B 32-75 Gr Equity 6.34 6.95 Albany Oils 46 Hud Bay Co 19 l2Vi invest Gr F 11.14 12.17 Plains Pele .27 Hud Bar Oil 44.25 Invest Mulua 5.40 5.91 Western Explor .11 f Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) a.m. Ouolesl a.m. Quotes! MINES Opemlska B.50 Dom Stores 14.50 53 Osisko .27 Dome Pele 33.25 r Artvnral. 1 80 Pine Poinl 24.25 DOfESCO 24.12V Akallcho 39 25.50 CABel ".50 505 P-C. ExP- .S5 Fd of Amer 69.50 rmii.n 2liA Quebec Man .11 Gl Cdn Oil 5.10 BMhlahim 1725 Rayrock 1.08 Gen Molors 79.50 Br in.JirV I'M fadlore W Gl Lakes Pap 17.50 Canada Tunq 1 60 Sulf umv clssl.r CorP- IM Greyhound 15.12K, rinfr.i p.l i m Sherrill Gordon 14.2! Hawker Sid 2.50 j rSSm i Silver Miller .04 Huron, Erie 24.50 1 Tim Rmh 3 Walk 41.50 p.mhi.r i Tek Corp. 4.60 Imperial oil 31.00 FSta'iStt OB Ttxmonl .36 Irr.alca 10.75 cochenour -19 UDpsr Nickel 31.00 Dlckenson Mines 'Is Wrfghl" Hargreaves lilS Inv G'P'A J.av SSSS Mlm S537IA -73 lnt Ulllltles 4262V 44 Wlndfill -10 Indus! Accepl 19.25 ui-.. u'S, Yeliowknlla Bear 4.25 Leurenlide 9.75 oSSiw. MIA Z'nmac M Loblaw A S.S2VS Discovery Mines !60 INDUSTRIALS Metro Stores 15.2! East Malarllc .90 Abllibi 7.00 Ferg 1 1 50 East Sullivan 2.65 Alcan 1B.37V, McMillan Bloe M.BVi Falconbrldse 82.00 Aigoml Steel 13.25 Frobex .35 Alco Ind sms A Flrsl Maritlmes 63 Allan Sugar 6.75 nr Gianl Y K 700 Agra Indust 9.75 North, Cent 14.25 B-vis 1 BO Bill Tel 46.25 Power Corp S.12vi Granduc 4.50 Brsill Trac Co 725 Headway R.L. 7.00 B.C. Tel 63.50 Rolnman: 15.75 Holllnger 37.00 Burns 12.50 ,Va" "rp Hudson Bay M-S 21.00 B.C. Forest 21-50 Hydra Ex. -16IA B c. Sugar 19.12IA Simspon s Iron Bay 3.15 Bow Valley Iso 1.28 CAE Ind 4.70 Joliel Ouebec .19 Cdn Brew 4.B7V1 Selkirk A 16.75 Kerr Addison 7.30 Chemcell 4.70 ?HJVl Key Anacon .24 Col Cellulose 3.10 Traders Gp A 15.00 Labrador 34.00 Cal Power 26.25 Trans Mtn Pp 20.25 Lake Shore 2.30 Cornn Credit 1.25 T. P r.'i, Langls Silver .04 C.W.N. Gas 11.37'A Ga5 14-" D 1 Cc rrin Inrillct 11 Union 0 45.00 Madsen R.U. .si cdn inausT ..._ n ,n Malarllc G.F. 51 Canada S S 40.00. ,vS; Martin Mceely -04'A cdn Marcon 2.BO Maclnlyre 73.00 Cdn Vlcktrs 9.50 "nlon Car "'25S Mela .10 Chrysler 2B.50 Wesh nns B 17.87V4 Midrim .11 CPR 13.8714 Intern Mosul 7.85 Comlnco 22.25 Wes.t. cd" sd "f New West Horn. Cons Balh 7.75 Zenith Elec 2.35 New Alhona .1014 Cons Ga! 1950 BANKS New Calumet .25 C.W.N. Gas 21.25 Can Imperial 24.50 W- Horse Copper 1-75 Disl Sea 29.75 Montreal 10.12'i Noranda Dnm Bridge 22.50 Nova Scotia Norlhgate 4.75 Domtar 12.25 Royal Norlex Dom Textile 20.00 Tor-Dom 29.50 New York stocks (Supplied By Richardson Securities of Canada) Amr T nd T 45.00 Sears 101.75 20 Golds 140.70 off .41 Anaconda 16.00 Std Oil of N J. 73.12IA 10 Base Met 79.35 off .01 Belh Sleel Texas Gull 15 W Oils 214.25 up .53 Chrysler 28.87'A Texas Co 34.75 volume Comsel 44.50 Wickes Corp 51.12'A...... Dupont 14525 Woolmjrth 45.00 NEW YORK AVERAGES GM 79.75 Weslinghouse Elec 46.12V3 30 Indust B92.41 up 2.40 Gulf 2B.S7'A U.S. Steel 30.75 20 Rails 244.19 up .47 Int Harvester 29.75 _A-.U_. 1s Ulllllles 117.84 up .09 Kenn Copper 24.50 TORONTO AVERAGES 45 stocks 310.72 up .46 Montgomery Ward 30.50 20 Indust 182.63 up .99 Volume OTTAWA (CP) By the sale of Montreal Omtrttinn last Thursday instrad of, sty, this week, the Molwn bnrthen of Montreal may have saved themselves an estimated million or so in income tax, Valuation date for calculatini future capital gains newly subject to tax was proclaimed Sunday by the government as Dec. 22 for shares traded publicly in Canada. However, while the startini point for calculating gates is eight days before the Molson sale, only gains realized from Jan. two days after that sale tie taxable under the new law. David, William ard Pete Molson, members of the Mont real banking and brewing fam ily, sold their controlling shares in Canadian Arena Co Ltd., the company that owns the Montreal Forum and Canadiens of the National Hockey League The price paid by a group of buyers, including distillers Ed-wara and Peter Bronfman, the Bank of Nova Scotia and To ronto broadcaster John Bassett was not disclosed. Unofficial estimates put the price at or more a share, a least million in all. GAIN S5 MILLION Had the sale been closet today at the same price insteai o' last week, it would have represented a gain of at least fl a almost million the market value of 515 a share quoted on V-day Dec. 22. In theory, at least, one-half of thai about million-would have been taxable in the hands of the Molson brothers. Assuming that each has in come that attracts a tax rate o aboul 50 per cent, they woul revaluation Canada would number of the Canadian nnri U.S. dol-unlts this year and residential Inrs, Mr. nosers snld. "As n expenditures would suit, I don't think we can w up 20 per cent over last year, for some lime to sec earnings Mr, Clino blamed low profits restored to Lho levels of gown in soft -touch blend Dainty bed time fashion in soft, brushed Fortrel and colton blend. Has thru-quarter and frilled nick. Assorted floral prinls. A AA Sale and elegant long robe Step-in style long robe in warm brushed acetate and nylon. Has zipper from hip to neck. Two inset pockets and self belt. Watermelon A A A or sapphire Sizes Sale Stretch Nylon Briefs Hera's value that itldom comes your in Helenca stretch nylon briefs. One size fits up to a 40 inch hip. Colours: pink, A blamed on dynamite VANCOUVER (CP) A spokesman for UK: Russian Peo-ilc's Home, a community hall n the cast end of Vancouver hat was rocked by on explosion cnrly Saturday, said Sunday the ilast apparently was caused by dynamite. He snid (lie liome had no pol-lical connections and lie could hlnk of no reason for the explosion. The blast came a few hours nflcr several hundred penoni ind led the hnll following a New Year's Evo Main Flow BUY LINE 328-8811. Shop Tutsday 9 a.m. to p.m. USE YOUR EATON BUDGET CHARGE Kit CONVENIENT EATO ;