Lethbridge Herald (Newspaper) - January 14, 1971, Lethbridge, Alberta
Thursday, January 14, 1971 - THI LfTHBRIDOl HERALD - If in sim:ss .v i i\am i; Fractional decline in market prizes TORONTO (CP) - The Toronto stock market was mixed to fractionally lower in moderate mid-morning trading today. On index, industrials were down .34 to 175.85 and base metals .04 to 93.18. Golds were up .20 to 168.03 and western oils .83 to 198.95. Volume by 11 a.m. was 688,000 shares, down from 752,000 at the same time Wednesday. Trading Wednesday was the busiest since Nov. 27. Losses edged out gains 108 to 99 with 191 issues unchanged. Weakest sectors were beverages, papers, real estate and steels. Bow Valley was down VA to $18, Leasco % to $16%, Trans Canada Pipe Limes V* to $33%, Rio Algom Vi to $16%, North-gate 10 cents to $8.60, Syracuse 10 cents to $3.45 and Asamera % to $14. Alberta Gas Trunk was up % to $49, Shell Canada Vb to $33%, Massey-Ferguson >/* to $11, Cominco % to $24%, Patino Ys to $27%, Sherritt y8 to $17 and Hudson Bay Mining % to $20%, BANKS ADVANCE MONTREAL (CP) - Banks and utilities advanced slightly in light morning trading today on the Montreal stock market. All other sectors moved lower and the composite index was off J8 to 173.81. Combined volume on the Montreal and Canadian Stock Exchanges at 11 a.m. was 407,100 shares, compared with 352,600 at the same time Wednesday. Dominion Lime climbed $1 to $5% on volume of 300 shares, Shell Canada gained % to $34V4 and Velcro Industries Y% to llfttt. Chrysler fell $1% on a 100-share trade, Du Pont slipped % to $16%, Stelec % to $26%, Im asco Ltd. 'A to 17 and Husky Oil V* to $16>/4. On index, industrials were off 31 to 179.16 and papers .40 to 93.62. Banks were up .19 to 172.23 and utilities .12 to 151.58, PRICES F1WM NEW YORK (AP) - Wall Street prices firmed after early deterioration today as profit-taking and stock switching operated in counterpoint. At noon the Dow Jones average of 30 industrial stocks was off 3.21 at 837.90. Among Canadians, Hudson Bay Mining was up % at $20%. Mclntyre Porcupine dropped IV* to $137. Off % were Canadian Pacific, at $67'A and Alcan at H%. On the American Stock Ex-change, Canadian Javelin tacked on % at $10%. Brascan Ltd. was off 'A at $16%. Royal Trust drops rate MONTREAL (CP) - Royal Trust Co. has announced that effective Feb. 1 it will drop its Interest rate on savings deposits by one-half of one per cent to 5.5 per cent. The rate of housing mortgages, both conventional and NHA, has already been reduced to 9% from 10 per cent. Rates on guaranteed investment receipts have dropped by one-quarter per cent. Serving you with INTEGRITY STABILITY EXPERIENCE For ever 60 years We write all kind* of INSURANCE HOME-BUSINESS-FARM-AUTO-and LIFE and can save you $$ MONEY $$ SEE US SOON- rORSTf R 46JNCY MIUUNCI MAHAGt.S . HOKfll � �GINTI A continuous family tnterpriie for over 60 years 706 3rd Ave. S., Uthbridg* Phont 327-2793 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE (11 !M i.m. Quotes* 111:00 a.m. ouotei) (11 iM a.m. Guwetl WiJTEHN OILS Husky Oil 16.25 Corp Invest Grain vrice review 5,35 5.90 14.00 Alta East Gas Almlnex Asamera Banff B. P. Oil Can South Cdn Exp Oat Ashland Grid Cdn Homa Cdn Indus Gal Cdn Super Cent Del Kla Charter Chlettan Dome Peta Dynamic Pete Gt Plains Mill city New Cent North Cdn Oil Numae Permo Petrol Pinnacle Place Gat Ponder Ranger Scurry Rain Spooner West Decalta MIICRLLANBOUS INDUSTRIALS 8.50 10.75 1.00 7.35 LSI 7.5ft 1.6 J .71 1.90 Agra Veg Aquatalna Brit Nfld Corp Cdn Brew A Cdn Hyd Carb Cdn Pae Inv CPR Pfd Crowsnest Ind Cyenus A Cygnus B Cum Prop Gt Cdn Oil Sds Gt Cdn Oil Sds Home Oil A Home Oil B Horne and Pit Hud Bay Co Hud Bay on Hud Bay Oil Hugh Ru� Pfd Husky Oil Husky Oil B Husky Oil War Inter Pro Pipe 15.62V1 Int Utll Pfd 5.65 inter Steel 5,15 Jeff Lake 4.20 Joutel 9.00 Kaiser Res 7.40 Kam Kotla 1125 take Ont PI Ca 37.12'A MGF Manage 12.37V1 Mentor *,75 Newconex 7.75 Pae Pete 81.37V> Rank Organ 121 Selkirk Held Shell Inv Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Sd White and Yuk CALOARY Acroll Anac Pete Barons Oil North Conf Plains Pete West Warner .41 Madison .30 Rexdale .11 PIPELINE STOCKS Atla Gas TLA 41.87'/* Alta Gas T L Pfd 71.50 Alta Nat Gas 24.00 Cdn West N Oat 15.00 17.12'A Inland Nat Gas 12.25 S7 25 North and Cent 15.75 4 00 North and C Pfd 80.00 Caz We,ro S.12% 5.50 14.00 3.B5 100,00 32,00 1.65 .67 6.05 i.3s .70 1.44 m 1.28 .61 13.00 21.50 1.99 6.25 75.0 26.20 5.50 29.75 Gas Metro Pfd A Trans Cdn P Westcoast Trans West Pac - MUTUAL FUNDS AGP Special 2.43 27.12V1 All Cdn Dlvld 205 All Cdn Vent Amerl Grow F Cdn Invest F 15.75 39.50 55.50 20.50 Collective Mut 5.77 Common Infer 11.82 12.95 Uflca 16.25 Corp Invest 5.23 5.72 43.00 Corp Invest S P 4.59 5.02 8.50 Dreyfus F U.S. 11.62 12,73 12.87W Growth Equity 5,91 6.49 36.75 Grouped In S 3.22 3,54 Investors Gr 10,42 11.39 Investors Mut 5.18 5.66 Mut Accum 4.99 5.49 Mut Grow P 4.52 4.97 Nat Resource* 7.03 7.68 N. W. Finance 4.16 4.57 N. W. Growth 4.87 5.35 Principal Grow 3.78 4.15 ., Royfund J.24 5.40 �15ia United Accum 4.50 4.95 lZiitZ Unversal Sav t.n 7.67 it m Tampleton Gr 24.21 26.45 ll'St* VANCOUVER iiw Arctic Mining - .14 iif. Atlas Explore .62 'I" Beth .Copper l5.12Vi jj? Bornlte Ridge .11 Block Bros. 4.45 18.00 Branda 7.75 B. C. Sugar 16.75 2L C. Sugar Pfd 15.50 ,09Vi captain Internat 4.20 .06'A Churchill Copper 1.15 .02!* Col Cellulose 6.371* ,40 Crestbrook P I S.62V) Croyden .25 Dynasty 5.55 Endeko 13.50 Fort Reliance .55 Giant Mascot 4.35 Grantsle 10.62'* Key Indutt 3.00 Growers B 3.00 Hys 4.40 _____ Interior Brtw 5.00 32.12'* Jericho .09 4.85 Kamloopa Cop .14 ,62 Lornex 6.35 33.25 Madrona .43 22.50 New Cronln 8.00 5.121* New Imp Mines 1.90 Okanogan Hellcop 3.20 Primer .16 7.15 7.81 Pyramid .37 8.00 8.96 Silver Standard 1.42 3.28 3.58 Texmont .69 4.91 5.3V Tro an .30 4.41 4.84 Western Mines 3.7o 6.33 Westcoast Explore .27 .55 Restaurant in trouble MONTREAL (CP)-Jean Drapeau's restaurant, opened 16 months ago with all the flourish Montreal's impressario-mayor could muster, is in deep financial trouble. Closed last week for what Mayor Drapeau called a reassessment of its concept, the restaurant turned up in the news this week when the Windsor Hotel filed a writ against it. Superior Court ordered $41,000 worth of the restaurant's belongings seized Tuesday and the hotel's lawyer said Wednesday it will ask the court for an order ousting the restaurant from the premises and effecting the sale of moveables for non-payment of rent. Le Vaisseau d'Or-the Golden Vessel-was the mayor's monument to Montreal's elegance. Located in the stately Windsor Hotel, traditional resting-place of visiting royalty, it featured a 20-piece chamber orchestra and a fancy cuisine in a city noted for its fine restaurants. It reflected what Mr. Drapeau said was a long-standing ambition to provide Montreal with refined dining establishment worthy of the finest clientele. industrials Toronto mines, Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes) (11:00 a.m. Quotes) MINES Acme Advocate Asb. Akaltcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Casslar Central Pat. Chlmo Conwest Cons. Rambler Coin Laka Cochenour Cralgmont Dickenson Mine Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartle East Sullivan Falconbrldge Frobex First Maritime* Giant Y. K. Gunnar Grandue Headway R.L. Opemlska Oslsko Patlro Pine Point Placer Dev. .06'A P.C. Exp. 1.75 Quebec Man .23'/* Rayrock 15.25 Radlore Rio Algom Roman Crop. Sllverflelds Sherritt Gordon Silver Miller Steep Rock Slscoe Tek Corp. ,45Vi Texmont eio Upper Canada Western Mints Wright Har. Wlllroy Windfall Yellowknlfe Br. Zenmac INDUSTRIALS Abltlbl....... .08 2.12 .48 1.60 4.80 1.92 23.50 2.36 1.72 10.25 .85 10.87>A Dome Peta �31 Dofasco 27.50 Fam Play 29.62V* Fd of Amer 31.75 Gt Cdn OH Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil ,91 .23 1.24 .32 16.50 7.25 i.eo 17.00 .07 Holllngar Hud. Bay M-S Hydra Ex, Hit 1.25 26.00 .07 .99 59.00 .18 1.02 1.00 4.65 135.00 .31 1.15 9.15 1.55 6.75 8.50 37.00 20.75 1.88 6.20 .69 1.90 3.75 1.25 1.16 Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 21.50 to 22.50, selling 22.50. Average Wednesday 21.26. Calgary: Quoted 21.00 to 22.25, selling 22.25. Average Wednesday 21.11. Red Deer: Quoted 21.70 to 21.75, selling 21.75. Average Wednesday 21.25. Lethbridge: Quoted and selling 22.55, no market Wednesday. Lloydminster: N o market. Average Wednesday 20.15. Total hogs sold 617. Average 21.19. Sow price 12.50. Potato futures WINNIPEG (CP) - Some deals were completed in the May future of the Maritime Potato futures market Wednesday after no trades were completed Tuesday. Open High Low Close Mar 2.50A Apr 2.68N May 3.11 3.11 3.70A 3.07A POOLS! POOLS! We are looking for an aggressive dealer to sell our line of swimming pools in this area. Buy direct from the manufacturer and make more money. Canadian made Fully guaranteed Top quality product Good profit ACORN POOLS 325 Bay St N, Hamilton, Ont. - 522-6854 DIVISION ACORN LUMBER CO. In Business over 50 Year*. INVESTIGATE OUR LEASING PLAN! Business firms, executives, salesmen, and professional man are finding that leasing It a sound Idea. Leaie A Brand New CHEVROLET, OLDSMOBILE, CADILLAC, CrlEVEUE, MONTE CARLO, CAMARO OR VEGA or certain models CHEVROLET TRUCKS. For complete information confacf- BENY AUTOMOTIVE ENTERPRISES LTD. Boris Koreshenkov. Insurance and loosing representative 2nd Ave. and 8th Street S. Phone 327*3147 [ghland Btll Iron Bay ISO Joitet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leltch Langls Silver Madsen R.L. Malartle G.F. Martin McNeely Maybrun Mnclntyre Meta Mldrlm Intern Mogul New Athona New Calumet New Imperial Noranda Northgate Alcan ...... Algoma Steel Atco Ind Alien Sugar Bell Tel Brazil Trac B.C. Tel Burns te'A BC. Forest 1.80 B.C. Sugar CAE ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Cdn Vlcker* , ili'A Chrysler 140.00 CPR 13Vi Cominco '32 Cons Bath 9.90 Cons Gas '\s Dlst Sea .2914 Dom Bridge 1.90 Domtar 29.50 Dom Textile J. 65 Dom Stores 3.50 t.7S .32 10.75 .31 34.00 3.10 1.56 .11 .74 .80 10.50 Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A ,13'A Loeb 4.80 Loblaw A .11 Metro Stores Massey Ferq .McMillan Bloe �37V1 Moore Corp 24.37V* Molsons A 15.12Vi Molsons B , ,t North Cent Pembina Pp 7.25 Power Corp 47.00 Price Co 14.62V4 Rothmant 44.00 st Law Corp Shell CDA Simpson's Simp Sears Steel at Can Selkirk A Texaco 6.67'A Traders Gp A 27.2S Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel Union Car Weston's B d?.87>/4 Woodward's A 24.37V2 West Cdn Sd ll.12Va Zenith Else 19.00 BANKS 50.75 Can Imperial 19.00 Montreal 14.50 Nova Scotia 13.�2'/i Royal 11.00 Tor-Dom 1.50 23.50 16.75 5.25 8.00 6.00 1.55 11.00 11.75 29.50 3.20 8.75 28.00 1.1M4 23.75 11.25 52.00 3.90 19.25 19.50 20.12V) 14.00 2.50 20.25 39.75 19.B7V4 16.62VI 45.50 27.00 7.871A 37.00 17.00 7.12Va 5.00 4.15 1 5.25 33.50 10.87'A 27.50 34.00 16.62'A 15.87W 15.87'A 23.00 e.00 8.75 13.50 19.00 34.00 18.00 53.25 M.62V4 11.25 27.6214 10.62VJ 19.75 33.75 16.12V* 43.25 3.75 10.00 15.75 19.12V4 19.1214 3.65 1.15 19.00 14.50 20.50 22.75 19.00 Winnipeg Grain Prices WINNIPEG (CP) - Trade continued light in all commodities well into mid-session on the Winnipeg Grain Exchange today. Most action was in rapeseed where the market moved erratically on small orders. Exports were light buyers and all futures were off one to four cents. Flax trade was light with fractional gins posted in all futures on some exporter buying. Rye was fractionally stronger on commission house buying and thin offers. Feed grains were mostly steady on domestic shipper buying for eastern feeders. Wednesday's volume of trade was 387,00 bushels of flax, 2,-001,000 of rapeseed, 405,000 of rye. Mid-session prices: Flax: May % higher 2.53HB; July % higher 2.54WB; Oct, Vt higher 2.57B. Rapeseed Vancouver: Jan. 2 lower 3.07V4A; March V/i lower 2.86%A; May 4 lower 2.84A; July 1 lower 2.79. Rapeseed Thunder Bay: April 3 lower 2.88A; June lower 2.83A. Oats: May unchanged 89A; July unchanged 88%B; Oct. not open. Barley: May unchanged 1.32V&A; July unchanged 1.31 %A; Oct. unchanged 1.26. Rye: May % higher 1.18A; July V* higher l.MMtA; Oct. not open. Prices for class two wheat for export Wednesday to court tries outside IGA: 1 Nor 1.81% 2 1.79%; 3 1.75%; 4 1.69%,- : Durum 1.80V8; 21.77%; 3 1.68^4 4 1.63%; IGA prices: 1 nor 81%? 2 1.79%; 3 1.75%; 4 .69%; 1 Durum 1.80H; 21.77%; 1.68%; 4 1.63%. Grain quotes Wednesday basis Lakehead): High Low Close Flax May 253U 252% 25S Jly 254 253% 253% Oct 257 256% 256% Rapeseed Vancouver Jan 309% 306 809% Mar 302 295 302 May 288 283 268 Jly 280 Rapeseed Thunder Bay Beef futures WINNIPEG (CP)-THe Winnipeg live beef futures market was inactive Wednesday with some bids 20 to 30 cents above previous levels, but no offers. There were 12 trades Tuesday Open High Low Close Jen 31.00B Mar 30.98B May 31.00B Apr 291 Jun 285 Oats May 89 Jly Oct Barley May 132% Jiy Oct Rye May Jly Oct 119% 119 289% 282 88% 131% 117% 118% 291 285 89 88% 88 132% 131% 126 117tf 118% 120% Fighting; for rights ^France's niggers9 Datsun plant for Canada MONTREAL (CP) - M. H. Miki, vice-president and general manager of Nissan Automobile Co. (Canada) Ltd. said Wednesday the Japanese company is considering construction of a $100 million plant in Canada for assembling Datsun cars. Mr. Miki told a news conference Quebec, Ontario, Nova Scotia and British Columbia have all expressed interest in having the plant "but Quebec officials have been most aggressive." A final decision has not been made. GRAIN INCREASE REGINA (CP) - The Saskatchewan Wheat Pool's country elevator division says it handled almost 179 million bushels of grain during the crop year which ended July 31, 1970-an increase of more than 30 million bushels from 1968-69. ST. BRIEUC, France (AP) -They call themselves "France's niggers" and they are fighting for what they regard as their rights, sometimes with petitions, snmetiines with bombs. The longer they struggle, the fa:ther toward the political left they seem to lean. These are the Brittany autonomists, a catch-all term for members of a dozen organizations seeking a better deal for a culturally different people. The Bretons are descendants of the ancient Celts who held the northwest tip of France-Brittany or Breizh in Breton Celtic-as an independent entity until the 16th century. Under French domination, their culture and seafaring tradition have faded. Being Breton is something different, they say. "Our logic is more imaginative, intuitive, while the Latins are Cartesian-narrow," says one non - activist sympathizer. "We kid and rib each other all the time. "The Latins can't stand that." WANT COMMON CAUSE The Bretons call on the equally Celtic Welsh, Cornish Irish, Scottish and Spanish Gal acians to make common cause as blood brothers. They say tney will l*nk arms with minority movements in France, the Basques in the southwest and the Alsatians in the east. "We lost our independence with the Treaty of 1532, but the French are laying siege to Vannes, so there was pressure,' explains Lucien Raoul, secretary-general of the Action Com mittee for a New Status for Brittany. "The treaty left us some autonomy, and this was pretty well respected until 1789, the French Revolution, when the nobility of Brittany-it didn't have anything to do with the Bretons -revolted against the new revolutionary government. "Then Napoleon finished it off. We've been somewhat of colony ever since." Isolated geographically, the Bretons saw little of France until the First World War they were drafted into the army. By percentage, Brittany lost more heavily than any other region, and the activists stress this. WERE RIGHT WING Up to and during the Second World War, the Breton autonomists were right-wingers. They were told by the invading Germans: "We're all Celts together. We'll liberate you from Paris." Those who fell for this line were prosecuted later as collaborators. The post-war recovery reached Brittany slowly, and Ma youth still trekked to the cities for jobs. While Bretons now hold many positions in business, the bulk became servants and soldiers. New autonomist organizations have sprung up. Only one, Bre-tagne Action, is on the right wing. Between the extremes are about 10 organizations, some working within the system, some clandestine, and some interested only in such things as teaching of the Breton language. Militant groups such as the Brittany Liberation Front and the underground Republican Army of Brittany have been lying low since 56 arrests last year following a series of explosions. The width and depth of public support are difficult to estimate. While practically ail Bretons believe the government should help them economically, it appears far fewer are willing to risk being activists. "They don't like us In Paris," commented a cafe owner in a western tip of Brittany, "but we don't want any activists around here." "They would only bring trouble." Dollar value MONTREAL (CP) - U.S. do-Iar in terms of Canadian funds up 1-32 to $1.01 11-32. Pound sterling up to $2.44. New York stocks Supplied by Richardson. Securities of Canada NEW YORK Amr T and Anaconda Bth Steel Chrysler Comsat Dupont Gtn Motors Gulf Int Harvest STOCKS Kenn Copper sm Wei 'rd 31.37V* Monfgom 19.00 Sears 23.62V) Std O of N J 25.25 Texas Gulf 51.00 Woolworth 135.00 WestlnghDuse El 79.00 U. S. Steel _____ 28.50 TORONTO AVIRAQBS 2B.(7Vs 20 Indust 175.96 off .23 37.00 20 Golds 168.10 UP .27 32.1214 10 Base M 93.11 off ,11 78.75 15 West O 198.73 up .61 67.25 Volume 1,224,000 )16.�2l*NEW YORK AVIRAOIf 38.87V] 30 Indust 837.90 off 3.21 65.00 20 Ralls 177.25 off 1.32 33.50 15 Utilities 125.2* Off .32 65 Stocks 276.26 Off 1.2* Volume 7,380,000 livestock Calgary Livestock CALGARY (CP) - Receipts to 11 a.m., 625 head, mostly mixed classes of slaughter cattle with a large percentage of good and choice steers and heifers. Trade was strong and active. Slaughter steers sold fully steady with sales to 31.30. Heifers were steady. Cows were in short supply being mainly medium and canner kinds with all grades selling steady. Insufficient bulls on offer to establish a market. Choice steers 30.75 to 31.20, good 29.75 to 30.50, medium 28 to 29.50. Choice heifers 28.50 to 29.20, good 27.50 to 28.25, medium 26 to 27.25. Good cows 21 to 22, medium 19.50 to 20.75, canners and cutters 16 to 19. Replacement cattle were all short-keep feeder steers in the heavier weight range, selling steady. Good feeder steers 750 pounds up 30 to 32. There were no stock or slaughter calves on offer. Hogs base price 21.60 to 22.25, currently 22.25. Lambs sold steady Wednesday. Good lambs 23.50. GM ELECTS NEGRO-Dr. Leon Sullivan, 48, pastor of the Zion Baptist Church in Philadelphia and a nationally known leader- in the training of blacks and other minorities for work in business and industry, was elected to the General Motors Corp. board of directors. He is the first negro member of the board In the corporation's sixty-three* year history. Come on over to the friendly flavour Golden West of COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BLDG. TELEPHONE 328-7883 GoldenWfest tastes die wayAlbertabeer should taste Cheerful, bright, and inviting* ANOTHER FINE PRODUCT OF THE CALGARY BREWING & MALTING CO. LTD.