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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 7, 1971, Lethbridge, Alberta Thundoy, January 7, 1971 - THt IITHBRID08 HERALD - 19 111 SIMSS iViiwxn: Market gains in active trade MONTREAL (CP) - Prices soared solidly higher in all sec-ton except banks, which slipped almost half a point in moderate trading today on the Montreal stock market. Industrials, utilities and the composite index all gained more than a point. Hog prices EDMONTON (CP) - Prices to It a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 20.25 to 20.S0, selling 20.50, average Wednesday 20.29. Red Deer: Quoted and selling 20.25, average Wednesday 20.28. Calgary: Quoted and selling 20.25, average Wednesday 20.25. Lethbridge: No market, average Wednesday 20.25. Lloydminster: Quoted and' selling 20.25, average Wednesday 19.65. Total hogs sold to 11 a.m. 555. Sows selling 11.86. Total hogs sold Wednesday, 4,601, average 20.27. Beef futures WINNIPEG (CP)-The Winnipeg live beef futures market Wednesday was inactive with some bids but no offers. Tuesday's volume of trade was eight contracts. Open High Low Close Jan 30.50B Mar 3O.50B May 30.60N Potato futures WINNIPEG (CP)-The Mari-ime potato futures market was litiet Wednesday with some trading in May. There were no trades Tuesday. Open High Low Close Mar 2.75N Apr 2.70N May 3.10 3.10 3.05 3.05A Among industrials, Metropolitan Stores gained %2M to $36, Du Pont $l'/4 to $18, Alcan $1 to $24%, Walker-Gooderham % to $4oy4, Union Carbide % to $15V4, while Velcro fell $1% to $22 and Distillers-Seagrams V* to $49%. Among mines and oils, Union Oil rose % to $42% .Dome Petroleum to $83, Pacific Petroleum % to $27%, Texaco Canada % to $27%, Denison Mines Vs. to $24%, Northern and Cen tral Gas \k to $16 and Rio Algom % to $15%. Falconbridge dropped $2% to $137%. On index, industrials climbed 1.46 to 178.49, utilities 1.57 to 151.61, the composite index 1.31 to 173.76 and papers .94 to 94.06. Banks were off .43 to 176.38. Combined volume on the Montreal and Canadian Stock Exchanges to 1 p.m. was 611,700 shares, compared with 853,500 by the same time Wednesday. NO REPORT Due to mechan'cal problems, the market trends from Toronto are not available today. SMALL GAINS NEW YORK (AP) - The stock market posted a small but broadly-based gain in active trading early this afternoon as the latest prime lending rate re duction swept through the ranks of major United States banks. The Dow Jones average of 30 industrials at noon edged up 1.64 to 839.61 The Associated Press 60-stock average at noon was ahead 1.0 at 293.3. Among issues traded on the New York Stock Exchange, ad vances topped declines by about 350. Among Canadians on the NYSE, up % were Alcan at $23% and Distillers Seagrams at $50%, Canadian Pacific was up % at $68 and up V\ were Granby Mining at $23 and Massey-Fer-guson at $11Y4. On the American Stock Exchange, Juniper Corp. was up % at $9% and Brascan Ltd. was up V* at $15%. New York stocks Supplied by Richardson. Securities of Canada T Amr T and T 50.37'/a Montgom W Anaconda 20.371/2 Sears Bth Stael 22.67V3 Std O of N Chrysler 26.S7'/a Texas Gulf Comsat 49.B7Va Texac' Co Dupont 134.87V} Woolworth Gan Motors 79.97 westing El Gulf 32.25 U.S. Sfeel Int Harv 28.87V* TORONTO AVIRAOIS Kenn Copper 3B.87'/a 20 Indust 175.33 up .56 30.12'/! 20 Golds 165.05 up 1.55 75.75 10 Base M 91.55 up .11 71.B7V2 15 West O 198,34 up 2.15 U7.62'/a Volume 1,302,000 34.87'/aNEW YORK AVIRAOES 36.50 30 IndUSt 839.61 up 1.64 66.00 20 Ralls 176.32 up .86 33.12'/j 15 Utilities 122.25 up .48 --- 65 Stocks 275.01 up .15 Volume 7,920,000 EDMONTON CATHOLIC SCHOOLS F. E. DONNELLY and H. M. MACDONALD will be at the Park Plaza Motor Hotel to interview prospective teachers interested in employment with the Edmonton Catholic School District beginning September 1, 1971 on the following dates: January 28th - 7:00 p.m. - 10:00 p.m. January 29th - 7:00 p.m. - 10:00 p.m. January 30th - All Day Interviews will also be held at the University of Lethbridge on: January 28th - 9:00 a.m. - 5:00 p.m. January 29th - 9:00 a.m. 5:00 p.m. Grain prices Winnipeg Grain Priest WINNIPEG (CP) - All com-modities except barley were on an easier price trend at mid-session on the Winnipeg Grain Exchange today. Domestic shippers were buying good volumes of barley and some exporters were making inquiries for malting grades. Fractional gains were posted in May and July futures. Liquidation p r e s s u t e continued in rapeseed with prices off one to four cents. There was some exporter scale-down buying. Flax had only a light trade, mostly locals and commission houses on both sides of the market. Oats was generally inactive while rye had an easier volume of trade, but continued exporter buying on the scale down and some inter-month spreading. Wednesday's volume of trade was 467,000 bushels of flax, 1,-330.000 of rapeseed and 479,000 of rye. Mid-session prices Flax: May 1 lower 2.48A, July % lower 2.48%, Oct. unchanged 2.52%A. Rapeseed Vancouver: Jan. 1% lower 2.91%A, March 3y4 lower 2.82%B, May AVs lower 2.70y4B, July 3% lorwer 2.65%A. Rapeseed Thunder Bay April 33/4 lower 2.72%, June not open. Oats: May unchanged 87%, July, Oct. not open. Barley: May V4 higher 1.30A, July V\ higher 1.29B, Oct, unchanged 1.27%B. Rye: May % lower 1�.16%A, July % lower 1.17%A, Oct. not open. Prices for class tow wheat Wednesday for export to coun-tires outside IGA: 1 Nor 1.81%; 2 1.79%; 3 1.75; 4 1.69%; Durum 1.79%; 2 1.76%; 3 1.68; 4 1.63%; IGA prices: 1 Nor 1.81%; 2 1.79%; 3 1.75; 1.633/g; 1 Durum 1.79%; 2 l:76'/�; 3 1.68; 4 1.63%. Grain quotes Wednesday (basis Lakehead): Miscellaneous quotations Vancouver, Calgary, Montreal (SuppHed by Doherty, Roedhouse and McCuaig) LAST BID OR SALE (11:00 a.m. ouotesi (11:00 a.m. Quotes) (11:00 a.m. Quotes, WESTIRN OILS ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK . . . Consign to PICTURE BUTTE AUCTION MART Ideally located in the (antra of large cattle feeding and hog raising area SATURDAY, JAN. 9th at 1 p.m. 400 TO 500 HEAD All Classes of Cattle Highlighted by . . . SO HEAD 800 LB. STEERS Prom One Owner 80 WARMED-UP STEERS AND HEIFERS Also . . . 400 TO 500 WEANER, FEEDER HOGS AND BROOD SOWS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOE or JIM JURIS Phone 732-4400 or 732-446B - Picture SuNe High Low Close .. Flax May 249V4 247V8 249 Jly 250V4 247% 249% Oct 252% 252% 252% Rapeseed Vancouver Jan 304% 293 293% Mar 293% 285% 2853A May 279% 274 274% Jly 269V4 Rapeseed Thunder Bay Apr mVn 276% 276V4 Jun 270% Oats May 87% Jiy 88V4 Oct 88 Barley May 129% 12S% 129% Jly 128% Oct 127% Rye May 118Va 117% 117% Jly 118% 117% 117% Oct 116 Alminex 5.90 Asamera 15.J5 Banff 12.50 BP Oil Oas 5.85 Cdn Ex Gas 4.15 Cdn Homestd 7.70 Cdn Ind Gas Oil 12.00 Cdn Long It 57.00 Cdn Super 37.50 Cen Del Rio 12.00 Chleftan 7.40 Dome Pete S2.25 Dynamic Pete 1.29 Gt Plains 31.75 Mill City 1.71 New Cont .90 Numac 1.75 Permo .71 Petrol 1.42 Pinnacle .95 Place Gas 1.24 Ponder .� Ranger 12.50 Scurry Rain 21.50 Spooner 1.90 W. Decalta 6.45 Husky Oil B Pfd Husky Oil War Inter Prov Pipe mil Utll inter Steel Pipe Jefferson bake Joutel Kaiser Res L Ont Port Cem Pacific Pete Rank Org Selk Hold Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Seed White Yuk CALGARY Acroll Ana Pete Barons Oil North Cont West Warner Madison Rexdale PIPILINI STOCKS Alta Gas TLA 4B.75 42.50 Corp Invest S F 4.50 4.92 8.60 Dreyfus F U.S. 11.45 12.55 13.50 Grow Equity 5.79 6.36 36.00 invest Grow 10.31 11.27 7.87Vj Investors Mul 5.14 5,62 11.25 Mutual Accum 4.94 5.43 1.05 Mut Grow F 4,44 4.8B 7.75 Nat Resources 7.11 7.77 2.1S N. W. Finance 4,OB 4.48 27 37'A N- W. Growth 4,75 5.22 17 25 Principal Grow 3.72 4,09 10on Royfund 5,20 5,36 33.871/2 yn�ed Accum 4.47 4.81 14 viia Templeton G 53.37 25.54 14.37V2 VANCOUVER 2.87V2 Anuk Arctic Mining 3.65 17.62'Zi A,|BS Explorat Beth Copper '25 Block Bros W Brenda .06Vi B.C. Sugar .02'/j B.C. Sugar Pfd .42'/2 Capital Internal �iSVi Churchill Copper .lOVa Croyden Dynasty Endako MISCELLANEOUS INDUSTRIALS 9.00 Pfd Pfd Inv Afco Ind Aquatalne Brit Nfld Cdn Brew A Cdn Brew B Cdn Pacific Cygnus A Cygnus B Cum Prop Gt Cdn Oil 6-75 Home A Home B Home Pltfld Hud Bay Co Hud Bay Oil Hud Bay Pfd Hugh Russ Husky Oil Alta Gas T L Pfd 73.00 Port Reliance Alta Nat Gas 24.25 Giant Mascot Inland Nat Gas 11.75 Granlsle North and Cent 15.42Va Key Industries 25 371A North Cent Pfd 32.00 Growers B 512V? Gaz Metro ' 475 HVS 30 on Trans c p 35'00 Inter'1"- 35 00 Tran5 Can P P,d 41 00 Jerlcno Brew Trans C P 35.00 Trans Can P Pfd 41.00 i7ni/ Trans Can P War 11.87'/a Kamloops Copper c�/s Westcoast Trans 21.50 Lornex ii\ Western Pac 4.90 Madrona ,5'" MUTUAL FUNDS New Cronin ,ii:2 A.G.F Special 2.41 New Imp Mines 102?2 All Cdn Com 7.04 7.69 Okanagan Helicop 27.37V2 All Cdn Dlvld 8.08 ' 27.00 All Cdn Vent 3.26 200 American G F 4.87 14.G2'/2 Cdn Invest F 4.39 37.75 Collect Mutual 5.70 55.50 Common Inter 11.65 1 2.22 Western Mines 20.75 Common Lever 2.97 3.25 Westcoast Res 16.l2'/2 Corp Invest 5.20 5.69 Western Explora 8.83 Primer 3.56 Pyramid 5.35 Silver Standard 4.82 T. C. Explora 6.25 Tro|an .26 .15 .60 13.87% 3.80 8.50 16.25 15.50 4.30 1.22 .25 5.50 13.50 .58 3.65 10.37Va .30 2.90 2.25 5.25 .12 .12 6.40 .41 .08 .OB 3.15 .15 .37 1.33 28 .30 4.00 14.50 .27 Toronto mines, industrials Hundreds of jobs available in Canada's mining areas TORONTO (CP) - Canada's mining industry has hundreds of lob openings despite the current high unemployment and the industry's generally high pay rates, mining officials say. A survey this week of major mining companies indicates there are more than 1,000 openings in Ontario alone for unskilled, skilled and professional mining personnel. In Western Canada, the coal mining industry reports that manpower shortages this year have forced production cuts. The survey, by The Globe and Mail's Report on Business, showed a major shortage in the professional area-engineers, metallurgists, � ana1 geologists classifications which amount to about five per cent of the 135,000 to 150,000 persons employed in mining. Industry spokesmen indicated the professional shortage can be attributed to lack of knowledge about the field and misconceptions held by students. An executive of the Canadian Institute of Mining and Metallurgy said that, to the general public, the word mining conjures up a picture of men grubbing in a hole underground, "trapped, claustrophobia, tragedy." The survey found that salaries for professional mining employees start at $9,500 and experienced professionals earn $12,000 a year and up. Livestock Lethbridge Livestock NO SALE Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes) 111:00 a.m. Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds up y� to $1.0115-32. Pound sterling up 9-16 to $2.43 3-16. FRED KING MOTOR CO. APPOINTMENT y*^/******* INDUSTRIALS Abltlbl Alcan Algoma Steel Atco Ind Atlarn Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CI Ind Cd. Brew Cnemcell Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Cdn Vlckers Chrysler CPR Comlnco Cons Bath Cons Gas Dlst Sea Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nlckal Int Pipe Inv Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molsont A Molsons B 8.25 North, Cent 23.87'/2 Pembina Pp 14.75 Power Corp 9.00 Price Co 6.87'/2 Rothmans 47.12'/i St Law Corp 15.87VJ Shell CDA 64.15 Simpson's 8.B7V2 simp Sears 24.50 Steel of Can 16.25 Selkirk A 4.65 Texaco B,12Vi Traders Gp A 5.12Vi Trans Mtn Pp 6.50 Trans Can Pp 26.25 Union Gas 1.40 Union Oil 10.62V2 Versatile Mfg 12.25 Westeel Union Car Weston's B Woodward's A West Cdn Sd Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom MINES Acme Advocate Asb. Akaltcho Area Mines Belcher Iron Black Bay Bralorne Broulan 11B71A Bethlehem ,05 Brunswick 20 00 Canada Tung. 40:00 Casslar 20 00 Central Pat. 15.37V2 Chlmo 45.50 Comvest 27 12V2 Cons, Rambler 7^50 Coin Lake 36.25 Cochenour 16.75 Cralgmont  6.12Vj Dlckensen Mines 5.00 Denison Mines 3.90 Deer Horn 4.85 D'Eldona 35.00 Dome Mines 11.50 Donalda 27.50 Discovery Mines 34.00 East Malartlc 15.25 East Sullivan Quoips) 138.00 .37 19.00 33.62V2 16.25 27.00 26.50 10.00 27.75 11.00 29.00 2.75 9.25 27.25 67.25 23.75 12.25 19.25 49.75 19.00 14.75 12.75 9.00 82.50 23.62V2 1 10.75 53.00 3.90 80.37V2 19.25 20.75 15.12Vj Falconbridge Tf5v* Frobex 600 ':r�, Marltlmes 1.08 9.121/i Gl�n' Y.K. 8.75 13.00 Gunnar 1.20 Granduc 7.35 Headway R.L. 9.00 Hollinger 37.00 Hud. Bay M-S 20.50 Hydra Ex. .19 Highland Bell 2.83 Iron Bay 3.70 _____ Iso 1.72 19.62V2 Jollet Quebec .22'/i 34.75 Kerr Addison 9.45 15.50 Key Anacon .27 43.00 Labrador 33.00 3.80 Lake Short 3.00 9.00 Leltch 1.60 14.87V2 Langis Silver .10 19.37V2 Macassa 1.10 17.75 Madsen R.L. .72 3.60 Malartlc G.JT. .80 '�15 Martin McNeely 12.00 Maybrun .15 19.75 Madntyre 138.00 14.87Vi Meta .13Va 22.00 Midrim .30 22.87V2 Intern Mogul 10.25 20.00 New Athona .17 New Calumet .32 New Imperial 1.78 Noranda 28.S7V2 Northgate 8.65 Opemlska 10.00 Osisko .33 Patlno 27.12V2 Pine Point 29.62'/2 Placer Dev. 31.25 P.C. Exp. .85 Quebec Man .23 Rayrock 1.19 23.62V2 Radlore ,35 2.3B Rio Algom ?5.62'/2 Roman Corp. 6.70 Sllverflelds 1.85 Sherritt Gordon 16.25 Silver Miller .07 Steep Rock 2.50 Slscoe 1.72 Tek Corp. 6.10 Texmonf .71 Upper Canada 2.02 Western Mines 3.85 Wright Har. 1.16 Wlllroy 1.38 Windfall .131/2 Yellowknife Br. 4.65 Zenmac ,13 .08 2.05 .43 1.55 .42 .O6V2 1.45 .23 14.87V2 4.50 1.B6 1.76 10.00 .86 .16 .43 9.25 1.07 24.00 .07 1.02 59.37V4 .19 1.02 1.50 4.70 Calgary Livestock CLAGARY (CP) - On offer to 11 a.m., about 47 head; most ly mixed slaughter cattle. Trade was fair. All classes of slaughter cattle sold at steady prices. Choice slaugher steers 30 to 30.60, good 28.75 to 29.75, medium 27.50 to 28.50. Choice heifers 28.25 to 28.80, good 27.50 to 28.25, medium 25 to 27.50. Good to medium cows 19.50 to 21, canners and cutters 16 to 19. Good bulls 24 to 26.50. Replacement cattle were mostly heavy steers and stock and feeder cows. Prices were steady. Good feeder steers more than 750 pounds 30 to 32.50. Good stock and feeder cows 19 to 22.50. Insufficient stock calves offered to establish a market. Hogs base price 20.25. Macleod Livestock FORT MACLEOD - On offer 574 head of cattle and calves. Stackers and feeders steady with increased demand on slaughter classes. A few low choice steers 30 to 30.40 with one package, 1,350 lbs. selling at 28.25. Choice heifers 28.80 to 29.30; good to low choice 27.75 to 28.40. Good cows 21 to 21.70 with medium 19.75 to 20.70; canners and cutters 15.60 to 17.70. Good bulls 22 to 22.90. Good short keep feeder steers 29.50 to 31 with medium lite steer calves and good heavy weights 37 to 39. 22; Good feeder cows 21 to plain to medium 17 to 20; Good heifer calves 375 to 425 lbs. 33.50 to 35 with heavies over 500 lbs. 30.50 to 32 Red Deer building skimps RED DEER (CP) - The value of construction started in the city last year declined by more than $700,000 compared with the total in 1969. In 1970, the city issued permits for construction valued at $0,508,274 while buildings worth $7,242,494 were started the year before. TO CONTROL DOPE UNITED NATIONS (AP) - The United Nations and Thai land have worked out a plan for narcotics control that includes replacing the opium-producing poppies in that country's north ern highlands with agricultural crops, the United Nations announced Wednesday. Hourly wages vary, depending on the location of the job-underground or above ground- and the type of metal-gold workers are paid less, for instance, because of the ore's low profitability. But the aVerage weekly wage in mining during September was $162.50, the second highest among 10 service and industry categories listed by the Dominion Bureau of Statistics. The survey of head office* found that: -International Nickel Co. of Canada Ltd., the industry's biggest employer with 28,000 workers. 22,000 of them hourly-rated, has 650 openings at Sudbury, Ont. and Thompson, Man., for skilled and unskilled workers at surface and underground installations. Ninety per cent of the jobs are at Sudbury. The company also needs 55 mofessional and technical personnel now and estimates it will have openings next year for 180 graduates in engineering, metallurgy and related fields. -Mclntyre Porcupine Mines Ltd. needs a minimum 50 underground workers for its Smoky River coal operation in Alberta and 40 hardrock gold miners for its Po r c u p i n e operations in Northern Ontario. -Noranda Mines Ltd. has rapid fluctuations in manpower requirements at its primary and secondary producing areas across Canada but estimates it will need 125 professional personnel this year and perhaps several hundred workers for new projects in British Columbia by the end of 1971. -Iron Ore Co. of Canada, Montreal, needs 30 men for its open-pit operations at Scheffer-ville, Que., and is looking for about 60 mining engineers. -Sherritt Gordon Mines Ltd., has a modest need for 10 workers at its Lynn Lake operation. -Cominco Ltd., Montreal, expects a buildup of job openings in a coal project expected to come into production in 1972. The project is a joint venture with Canadian Pacific Investments Ltd. COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BLDG. TELEPHONE 328-7883 1951 PRICES FRED BODIE Mr. Fred T. King, President of Fred King Motors, takes pleoiure in announcing the appointment of Mr. Fred Bodie to the position of General Manager. Mr. Bodie is well qualified to assume this new responsibility. He and hit family first took up residence in lethbridge in 1953. During the twelve years he was in lethbridge, Mr, Bodie acted at Sales Manager for two automobile dealerships. In 1965, he asumed the position of General Sales Manager of a large metropolitan Chrysler dealership in Calgary. In 1969, Mr. Bodie moved to Vancouver and accepted the position of General Salet Manager of the largest Chrysler dealership In British Columbia. While in lethbridge, Mr. Bodie was active in community affairs; particularly in the area of the lethbridge Community Chest and Little league Baseball. He it active in church work and It a former elder and choir leader of the lethbridge Central Church of Christ. He was also a member of the Green Acres Kiwants Club. Mr. Bodie would welcome the i-p.-"wrl of old friendships and business acquaintances at "King's Corner" - 3rd Avenue and 11th StrtMt South. *** 318 6th St. S. Lethbridge SPECIAL MARSHALL WELLS Phone 327-6727 OPEN THURS. AND FRI. TILL 9 P.M. SPECIAL USED FRIDGES 8" SPECIAL CHROME AND DINING ROOM SUITES 25% Off MARSHALL WEUS IOW PRICE ALL TOYS AND TREE LIGHTS Vi PRICE 10 ONLY! 6' WHITE CHRISTMAS TREES Res. 21.50 A.88 1951 PRICE O PLUS 30 FREE RED BALLS 4 ONLY! 52-PIECE 4 ONLY! 100% NAUGAHYDE CHINA SET RECLINERS Reg. 39.95 Reg. 99.95 91 1951 PRICE �  rn.� 1951 PRICE 2 ONLY! ROGERS MAJESTIC STEREOS DIAMOND NEEDLE AM FM MULTIPLEX Reg. 349.95 AQA.W 1951 PRICE JpjWlr ASSORTED COLORS-17" THROW CUSHIONS Reg. 2.99 -f .69 1951 PRICE 1 SPECIAL 14" THROW CUSHIONS SPECIAL CHESTERFIELD and CHAIRS 25% Off MARSHALL WELLS LOW PRICE i>elli>iiei SPECIAL BEDROOM SUITES 25% Off MARSHALL WELLS LOW PRICES ;