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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 11, 1971, Lethbridge, Alberta 14 - THE UTHBRIDOE HERAID - Monday, January 11, 1971 FINANCE Four-day market advance ended TORONTO (CP) - The Toronto stock market turned fractionally lower in mid-morning trading today, interrupting four consecutive advancing sessions. On index, industrials were down .33 to 176.18. Golds were up .22 to 109.32, base metals .24 to 92.98 and western oils .35 to 198.31. Volume by 11 a.m. was 771,000 shares, compared with 771,000 at the same time Friday. Gains outnumbered losses 167 to 100 with 167 issues unchanged. Weston was down % to $19's, CPR % to $69, Mean , Bell Vs to $47\B, Inco Vs to $45%, Mclntyre % to $1401/i, Patino V\ to $27%, Sherritt Vs to $10% and Canada Southern Pete five cents to $5.10. Aquitaine rose % to $25%, Westcoast % to $223,j. Hudson's Eay Oil and Gas % to $39%, Block Bros. 45 cents to $4.60, Placer 1 to $32',i and Ranger V& to $13. MONTREAL (CP) - Papers advanced slightly while all other sectors of the Montreal stock market moved lower in light early trading today. The composite index was off .43 to 174.03. Falconbridge slipped % to $138%, CPR % to $68%, B.C. Forest Vi to $24>/)( Alcan % to $24% and Chemcell % to $6Vt. Koffler Stores advanced $1 to $10, on a 200-share trade, Hudson Bay Oil and Gas picked up % to $39% and Dominion Glass % to $16%. On index, industrials were off .44 to 178.87, utilities .42 to 152.39 and banks .31 to 174.82. Papers advanced .31 to 94.94. Combined volume at 11 a.m. on the Montreal and Canadian Stock Exchanges was 379,500 shares compared with 531,100 at the same time Friday. NEW YORK (AP) - Stocks moved downward today as the pall of profit-taking continued to hang over Wall Street. At noon the Dow Jones average of 30 industrial stocks had slipped 4.5 points to 832.42. Among Canadians, Distillers Seagrams was up Vt at $50'/i. Walker-Gooderham and Alcan each were off % at $39% and $233,4 respectively. On the American Stock Exchange, Canadian Javelin dropped Vt to $11 and Brascan was off Vs at $16%. Scurry Rainbow Oil rose Vz at $21%. ORIGINAL NAME The United Nations was originally called the Associated Powers. New York stocks Supplied by Richardson. Securities ot Canada Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE (11:00 e.m. Quotes) (11:00 a.m. ttuotesi (11:00 a.m. Quotes) WESTERN OILS Almlnex Asamcra Banff B. P. Oil Can South Can Exp Gas Ashland Grid Cdn Home Cdn Indus Gas Cdn Super Cent Del Rio Charter Chleftan Dome Pete Dynam Pete Gt Plains Mill City New Cont North Cdn Oil Numac Pernio Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner West Decalta MISCELLANEOUS INDUSTRIALS Amr T and T Anaconda Bth Steel Chrysler Comsat Dupont CM Gulf Int Harvester Kenn Copper 50.87'/j 19.50 23.12Vi 25.62V2 49.75 134.75 77,75 30.75 29.62V2 37.62% Montgomery Ward 31.37VJ 20 Golds 149.39 up .29 Sears 76.00 10 Base Mel 92.78 up .04 Std Oil of N.J. 23.00 1 5 W Oils 196.89 off 1.07 116.37'/z Volume 1,315,000 37 2S/2NEW YORK AVERAGES Westlnghouse Elec 66M 20 Ralls 176.02 off .23 U.S. Steel 32.87"/! 15 Utilities 122.70 up .22 TORONTO AVERAGES 65 Stocks 273.73 off 1.06 20 Indust 176.02 off .49 Volume 7,360,000 Texas Gulf Texas Co Woolworth Salesman Required Immediately! An agressive salesman is required for permanent sales position with one of Lethbridge's lop dealerships. We offer you a wide range of quality products and heavy advertising to give you busy year-'round sales with such popular items as American Motors Automobiles, Jeep Trucks, Mobile Homes, Travel Trailers and Used Cars. If you qualify we offer generous travel expenses, a profit sharing plan and other company benefits. Apply direct to UNITED MOTORS CO. LTD. Cor. 3rd Ave. and 3rd St. S. Husky Oil 5.90 Husky Oil War 14.621/2 Inter Pro Pipe 12.00 Int Utll Pfd 5.90 Inter Sleel 5.10 Jeff Lake 1.35 Joutel 10.38 11.35 5.17 5.65 12.00 7.00 7.60 80.75 1.25 31.50 1.64 .88 6.30 8.70 .71 1.46 .90 1.30 .61 1.99 6.25 10.50 1.05 7.75 2.75 .65 28.00 17.25 Atco Indus Aqualaine Brit Nfld Corp Cdn Brew A Cdn Brew B Cdn Hyd Carb Cdn Pac Inv CPR Pfd Cygnus A Cygnus B Cum Prop Gt Cdn Oil Sds Gt Cdn Oil Sds Home Oil A Home and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil Hugh Rus Pfd 9.30 Kaiser Res 7.45 Lake Ont Pt Ce 11.621/2 Mentor 37.25 Pac Pele Rank Organ Selkirk Hold Shell Inv Pld Shell Inv Wts Sicks Rain West Cdn Sd White and Yuk CALGARY Acroll Anac Pete Barons Oil North Cont Plains Pete West Warner Madison 12.871/2 Rexdale 21.62V2 PIPELINE STOCKS Alta Gas Tr L A 48.75 Alta Gas Tr L Pfd 75.00 Alta Nat Gas 24.00 Inland Nat Gas 13.50 N and C 16.00 N and'C B Pfd 32.00 Gaz Metro 4.95 Gas Metro Pfd A 1.50 Tr Cdn P Pfd 41.00 �,,,,, Tr Cdn P Pfd A 64.75 I6.371/2 Tr cdn P War 11.50 26.75 9.50 25.75 5.371/2 29.75 35.00 15.75 Corp In St F 4.52 4.92 2.60 Droylus F U.S. 11.47 12.57 13.37V2 Gr In Shares 3.17 3.49 36.62V2 Invest Gr 8 171,5 Invest Mutual 2 Mutual Ac 4.97 5M7 Mutual Gr F 4.47 4.92 Nat Res 7.13 7.79 N W Pin J.14 4.55 N W Gr 4.80 5.27 Principal Gr 3.76 4.13 Royfund 5.23 5.39 ,, ,,, United Ac 4.49 4.93 10.62V2 universal Sav 6.99 7.68 33.87V2 Temp Gr 23.82 26.03 14.50 VANCOUVER 2.871/2 Arctic Mining 3.70 Atlas Explor 17.50 Beth Copper Bornlto Ridge .95 Block Bros .09V2 Brenda .O6V2 B.C. Sugar .021/2 B.C. Sugar Pfd .10 Capt Intern ,t3 Churchill Copper j7 Col Cel '101/, Coronation Credit '2 Crestbrook For In Croyden Dynasty Fort Reliance Giant Mascot Granislc Key Indust Growers B Hys Interior Brew Jericho Kamloops Copper Lornex Madrona Westcoast Tr 22.25 '12V* Western Pacific 5.I2V2 New Cron|n MUTUAL FUNDS New Imp Mines 14.50 3.90 100.00 28.00 2.10 AGF Special All Cdn Com All Cdn Dlvld All Cdn Vent Amr Gr F Cdn Invest F IS.I2V2 col Mutual 39.25 Cmnw Inter 57.00 Cmnw Lev 21.00 Corp Invest 2.41 Okanagan Hellcop 7.12 7.78 Primer B.17 8.93 Pyramid 1 3.28 3.58 Silver Standard 4.86 5.34 Texmont 4.41 4.84 Tro|an 5.74 6.31 Western Mines 11.74 12.87 Westcoast Res 3.00 3.29 Western Explor 5.23 5.72 Utlca .15 .61 15.25 .12 4.10 8.00 16.25 15.50 4.30 1.22 .41 1.40 2.15 .24 5.75 .55 4.20 10.75 .30 2.50 2.35 5.75 .10 .13 �.40 .35 .08 1.75 3.15 15.00 35.50 1.45 .75 .32 3.70 .15 .27 .56 Livestock Lethbridge Livestock NO SALE Calgary Livestock CALGARY (CP) - On offer to 11 a.m., about 185 head, mostly all slaughter steers and cows. Offerings were down due to cold weather, but trade was active. Slaughter steers were steady with sales to 31; no heifers were offered; cows were medium and canner kinds at steady prices; no bulls offered. Choice slaughter steers 30.25 to 30.80, good 28.75 to 30, medium 27.50 to 28,50. Medium cows 19.50 to 20,50, canners and cutter 16 to 19. Replacement cattle were all stock calves selling at steady prices, quality considered. Good stock steer calves 39 to 40.50. Good stock heifer calves 32 to 34.40. Hogs base price 22.15. Legislature session urged on forestry plant takeover Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes) (11:00 a.m. Quote*) INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose . Cal Power ... Coron Credit . C.W.N. Gas Cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bath Cons Gas Dist Sea Dom Bridge Domtar Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Masssy Ferg McMillan Bloe Moore Corp 8.371/2 Molsons A 24 87V2 Nor,h' Cent Pembina Pp 14.871/2 Power corp 9.50 Price Co 6.871/2 Rothmans 47.37V2 St Law Corp 16.50 Shell CDA 64.00 Simpson's 8.75 Simp Sears 24.25 Steel of Can 16.62V2 Selkirk A 5.25 Texaco 8.00 Traders Gp A 6.37V2 Trans Mtn Pp 6.62V2 Trans Can Pp J7.12V2 Union Gas 1,55 Union Oil 10.371/i Versatile Mfg 12.25 Westeel Union Car Weston's B Woodward's A Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 29.00 2.85 9.50 28.00 68.50 25.00 12.25 19.00 50.25 19.12V2 14.62'2 10.62>/2 81.50 10.75 53.00 4.00 79.25 19.50 20.75 2.15 16.00 .10.25 19.00 33.75 18.25 22.25 27.75 15.75 20.00 35.00 3.80 10.00 15.75 19.50 19.00 1.10 19.75 14.50 21.50 22.50 WINNIPEG (CP) - Premier Ed. Schreyer said today the regular spring session of the Manitoba legislature is due to start in five or six weeks and it would take too long to prepare documents for a special session as requested by Liberal Leader I, H. Asper. The liberal leader Sunday asked for an emergency session on the NDP government's takeover of an integrated forest industries operation at The Pas. Mr. Schreyer said it will take a month or more to collect material and prepare for the type of study suggested by Mr. Asper. The Liberal leader told a news conference Sunday there are many questions the premier should answer for placing into receivership the industry built with the aid of about $90 million in provincial loans. Mr. Asper said the government action Friday was "an unfortunate first for Manitoba. Never before in our history has a government foreclosed upon and taken over such a gigantic operation, involving over $100 million." "I want to assure the premier that in finding a just and honorable solution to the present problem, he will have the complete co-operation and interest of myself and the Liberal caucus." Mr. Asper made public a list of 23 questions he said should be answered- The provincial government went to the courts claiming that four companies involved are in default of a financing arrangement. The New Democratic Party, long before it came to power in Manitoba in 1969, was sharply critical of the arrangements established with foreign-based firms in 1966 under the conservative administration of Duff Roblin. Mr. Asper said, "much is at stake - the reputation of the Conservative party while it was in office, the integrity and competence of the present NDP government and the ability and reputation of all the forestry product companies involved at The Pas." MINES Acme Advocate Asb. Akaltcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Cassiar 19.62V2 central Pat. 16.75 Chlmo 46.00 Conwest 27.25 Cons. Rambler 8.12V2 Coin Lake 36.50 Cochenour 17.00 Craigmont 6.75 Dickenson Mines 5.371/2 Denison Mines 4.30 Deer Horn 5.00 D'Eldona 33.00 Dome Mines 10.25 Donalda 27.50 Discovery Mines 34.37i/a East Malarllc 1.20 1575 East Sullivan 4.70 16.00 Falconbridge 138.50 24.75 Frobex .37 6)2i/2 Flrst Marlllmes 1.09 9 25 Giant Y.K. 9.35 13.871/2 Gu"nar 1.35 Granduc 7.15 Headway R.L. 9.00 Holllnqer 37.00 Hud Bay M-S 20.37Va 26 871/, Hydra Ex. .19 10 621/, Highland Bell 2.81 Iso 1.73 Joliet Quebec .22V4 Kerr Addison 10.12'/j ,,,,,, Key Anacon .30 15.62V2 Labrador 34.00 43.00 Lake Shore 3.10 Leltch 1.65 Langis Silver .14 Macassa 1.10 Madsen R.L. .72 Malartic G.F. .80 Martin McNeely 12.50 Maybrun .15.. Maclntyre 140.50 Meta .14'/2 Midrfm .34Vi Intern Mogul 10.00 19.621/2 New Athona .11 New Calumet .32V2 New Imperial 1.84-� .08 Noranda 29.25 2.15 Northgate 8.B5 .46 Opemiska 10.25 1.56 Osisko .301/2 .O6V2 Patino 27.25 1.55 Pine Point 29.25 .24 Placer Dev. 31.50 15.25 P.C. Exp. .91 4.60 Quebec Man .24 2.05 Rayrock 1.26 23.87V2 Rio Algom 16.62V2 2.45 Roman Corp. 7.35 1.72 Silverfields 2.00 IO.371/2 Sherritt Gordon 16.50 .86 Steep Rock 2.47 .14.. Slscoe 1.66 .42 Tek Corp. 6.20 9.30 Texmont .67 1.15 Upper Canada 2.06 26 "vj Western Mines 3.90 .07 Wright Har. 1.21 l.uu � Willroy 1.23 5B.00 . Windfall .13'A 19.50 Yellowknife Br. 4.70 1.06 Zenmac ,12'/2 Grain prices Winnipeg Grain Prices WINNIPEG (CP) - Rape-seed posted fairly good gains in all futures at mid-session on the Winnipeg Grain Exchange today but volume was light. Demand by exporters was good and all rapeseed futures advanced four to five cents on light offers. Flax also was stronger mainly on light hedge offers and moderately good commission house demand. Oats, barley and rye trade continued light with prices steady at levels about even with previous close. Friday's volume of trade was 443,000 bushels of flax, 1,449,-000 of rapeseed, 431,000 of rye. Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted 21.85 to 21.90, selling 21.85, average Friday 21.97. Calgary: Quoted 22.15, selling 22 15, average Friday 21.93. Lethbridge: No sales, average Friday 21.15. Hogs sold to 11 a.m. 539. Hogs sold Friday 3,134, provincial average 21.91. Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds unchanged at $1.01 9-16. Pound sterling up 3-16 to $2.43 11-16, ANNUAL STOREWIDE mm/iNce  SPORT JACKETS - BLAZERS and CO-ORDINATES Regular to 79.50. NOW SALE PRICED AT 35 For our annual Clearance we will be open Thursday and Friday till 9 p.m. SKI SWEATERS CARDIGANS PULLOVERS now reduced Bargain Table 4� PANTS-SHIRTS ^ TEE SHIRTS �, 2r� BROKEN LINE OF # Windbreakers # Wash Pants # Wool Hipsters Now WOOL COATS ALL WEATHER COATS IMITATION FURS WOOL MELTONS BELTED CORDS HATS NOW your choice SELECTION OF DRESS and SPORT SHIRTS now VZ and VZ off Winter Underwear  Shirts  longs * Combinations Please Nolo: All Alterations Extra ^^^^^^^j now 20% o* ALBERT'S MEN'S APPAREL JEWELLERY now Vz PRICE 331 5th STREET SOUTH at Albert's . . . we care how you look ;