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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 20, 1971, Lethbridge, Alberta 24 - THE LETHBRIDGE HERALD - Wednwdoy, January 20, 1971 Fractional drop in stock prices TORONTO (CP) - Prices turned fractionally lower in active mid-morning trading today at the Toronto stock market. On index, industrials were down .38 to 178.91, golds .31 to 1C6.66 and base metals .04 to 92.49. Western oils climbed .10 to 198.12. Livestock Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 300 cattle. Receipts mostly choice butcher steers and heifers. Trade strong and active. Good and choice butcher steers meeting keen demand, prices $1 higher for the week. Medium grades $1 or more higher. Good and choice butcher heifers also meeting keen demand, prices strong to 25 cents higher. All classes of cows about steady. Medium and good feeder cattle meeting very good demand, prices 50 cents to $1 higher. Choice steers 31.50 to 32.20; good 30.50 to 31.25; medium 28.50 to 30.25; choice heifers 28.75 to 29.50; good 28 to 28.50. Good cows 21 to 21.50; medium 19 to 20.50; canners and cutters 16 to 19. Good heavy feeder steers over 950 lbs. 31 to 32; good feeder heifers 29.50 to 30.50. Butcher hogs sold Tuesday f.o.b. Lethbridge 20 to 20.05 base price. Good lambs 24. Calgary Livestock CALGARY (CP) - Receipts to 11 a.m., 900 head, mostly mixed classes of slaughter cattle with a large percentage cows. Trade was active. Slaughter steers and heifers sold steady at week's advance. Medium to good cows were 50 cents lower, canner and cutters were fully steady. Bulls were 1 lower. Choice steers 31.75 to 32.20, good 31 to 31.75, medium 29.50 to 30.75. Choice heifers 29.25 to 29.70, good 28.50 to 29.25, medium 27 to 28.25. Good cows 20.50 to 21.50, medium 19 to 20.50, canners and cutters 16 to 19. Good bulls 23 to 25. Replacement cattle were mainly heavy feeder steers selling at generally steady prices. Stock calves were scarce, selling steady. Good feeder steers 750 pounds up 30 to 32, under 750 pounds 34 to 36. Good feeder heifers 28 to 30, good stock and feeder cows 18.50 to 23.50. Good stock steer calves 36 to 41.50. No hogs were sold. LOSE JET Volume by 11 a.m. was 757,000 shares, compared with 646,000 at the same time Tuesday. Gains outnumbered losses 128 to 117 with 214 issues unchanged. The decline interrupted four consecutive advancing sessions. Among losing issues, Great West Life was down 1 to $39, Moore Vi to $34%, Walker-Gooderham Vz to $39%, Labatts % to $22'^, East Suilivan 15 cents to $3.35, Bra-meda 14 cents to $2.05, Total Pete 10 cents to $7.15 and Canadian Homestead 10 cents to $7.35. Crush International rose % to $15?a, Chrysler % to $26%, Rio Algorn Vz to $18, Sherritt Va to $17%, Ranger Is to $14% and Western Decalta 10 cents to SU.40. BANKS DOWN MONTREAL (CP) - Banks led declines and only papers moved higher in light trading early today on the Montreal stock market. The composite index slipped .13 to 176.30. Combined volume on the Montreal and Canadian Stock Exchanges was 302,800 shares at 11 a.m. . Bank of Nova Scotia gained V\ to $22 while the Royal eased % to $23 and Bank of Montreal Vs to $14%. Denison, which did not trade, reported 1970 net earnings of $1.84 a share, down from $2.84 a year earlier. Royal Trust, off % to $29V4, reported 1970 net earnings of $1.60 a share, up from $1.54 a year earlier. Montreal Trust was up V\ to $12. F. E. Case, president, said an improvement in earnings is expected this year. Results for 1970 have not yet been released. Rio Algom advanced to $18 while Metropolitan Stores declined $1 to $35 on a 25-share trade and Sherwin Williams $1 to $14 on a 100-share trade. On index, industrials were off .09 to 181.72, utilities .05 to 153.21 and banks .56 to 175.78. Papers were up .34 to 95.27. HEAVY TRADE NEW YORK (AP) - Stock-market prices churned in heavy trading early this afternoon that left the averages virtually unchanged. At noon the Dow Jones average of 30 industrials was up 0.61 at 850.08. Among C a n a d i a n s on the NYSE, Walker Gooderham gained % to $41%, Canadian Pacific rose % to $69% and Mas-sey-Ferguson was up \'\ at $12. Dome Mines was off % at $58y Can South S10 E* Gas 4.20 Ashland 9,70 Cdn Homesfd 7,40 Cdn Ind Gas Oil 11.50 Cdn Long Is .55 Cdn Super 3.7s Cen Del Rio 12.50 Charter 6.75 Chleffan 7.40 Dome Pete 79 25 Dynamic Pefe 1.21 Gt Plains 32.00 Mill City t�5 New Conf 09 North Cdn Oil 7.9s Numac fl.ob Permo S7 Petrol Pinnacle 92 Place Gas i'di Ponder 4, Ranger U50 Scurry Rain Soocner W. Decalta MISCELLANEOUS A INDUSTRIALS _ . Aqra Vcg OH 7.50 B.C. Tel Atco Ind 9.12V, Burns B?lt N M i6MVl B'C Fores' rJn p,ld . 5'50 Bc- Suoar Cdn Brew A Pfd 30.M CAE Ind rn2 uror B P,d 36.00 Cdn Brew Cdn Hydro Car 17.00 Chemcell Inter Steel Pipe Jefferson Lake Joulel Kaiser Res Kam Kotla L Ont Port Cem MGF Manage Mentor Newconex Pacific Pete Rank Org Selk Hold Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Seed White Yukon CALOARY Acroll Ana Pete Barons oil North Cont Plains Pete West Warner Madison Rexdalr- INDUSTRIALS Abltlbl ______ Alcan 20.87Va Algoma Steel l.W Atco Ind Atlan Sugar Bell Tel Brazil Trac' S.MVa Dofasco ^ Fam Play 7.00 Fd of Amer 11J Gt Cdn Oil �22 Gen Motors Gt Lakes Pap Gulf Oil Cda .6T Greyhound ii ioia Hawker Sid If'Wa Huron, Erie li mia Imperial Oil ifL'1 Int Nickel 17 75 Inf Pipe ,,,7S Inv. Op A 95 Int Utilities ]09Va 'ndusf Accept ,06V, Laurentlde ,02Vj Kelly Doug A .38 Loeb .43 Loblaw A .30 Metro Stores .10 Massey Ferq McMillan Bioe 6.30 Cdn Pacific Inv CPR Pfd Crowsnesf Ind Cypnus A Cygnus B Cum Proo Gt Cdn Oil S Gt Cdn Oil 675 Home A Home B Home Plffld Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd Hugh Russ Husky Oil Husky Oil B Pfd Husky Oil War Inter Prov Pipe Intl Utll pfd 37.00 col Cellulose 9.571/a cal Power ,5? c�ron Credit "5 CWN Gas J'ss Cdn Marconi Cdn Vlckers Chrysler CPR Comlnco Cons Bath Cons Gas Dlst Sea Dom Bridge Domtar Dom Textile 13.37V2 Dom Stores 36.75 Dome Pete 100.00 27.75 28.00 2.05 16.00 37.00 S6.25 20.75 1�..'0 43.50 �.50 S.37Vi Moore Corp 25.00 Molsons A 16.00 Molsons B 9.12Vj North, Cent 7.25 Pembina Pp 47.7S Power Corp 16.25 Pr.lce Co 64.50 Rothmans 8.62Vi St Law Corp 22.75 Shell CDA 16.00 Selmpson's 5.50 Simp Sears 8.37Va Steel of Can 6.00 Selkirk A 7.1!Vi Texaco 27.2S Traders Gp A l.SS Trans Mtn Pp 11,371/1 Trans Can Pp 11.75 Union Gas 29.50 Union Oil 3.50 Versatile Mtg 8.00 Westeel 26.50 Union Car 70.00 Weston's B 23.75 Woodward's A !2.12Va West Cdn Sd 19.75 Zenith Elec 50.25 BANKS l?.5n Can Imperial 14.87V4 Montreal 14.25 Nova Scotia ll.19.Va Royal 79.25 Tor-Dom 34.62Va 11.50 53.00 3.95 10.00 20.12Va 20.12'/a 14.12'/a 2.65 20.12Va 39.75 19.25 17.00 46.50 27.25 8.00 36.75 18.00 7.37Va 5.50 4.05 5.37Vj 33.00 12.25 28.00 34.75 16.25 16.00 15.75 24.00 6.12Vj 9.25 13.75 T9.00 34.75 17.12','a 23.00 27.62Va 11.25 28.00 10.50 20.371/j 34.62Va 16.00 43.00 3.70 10.50 16.H5 20.00 19.00 3.50 1.25 19.62'A 14.62Vj 22.00 23.00 19.25 Middle-east, western oil giants open crucial talks Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) MINES (11:00 a.m. Quotes) (11:00 a.m. Quote*) May Jiy Oct Jan Mar May Jly ...High 256% 256% 258% Mine Acme Advocate Asb. Akalfcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswic!; Canada Tung. Casslar Central Pat. Chlmo Conwcst Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson ,,,, Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartlc East Sullivan Falconbrldge Frobex First Marltlmes Giant Y.K. Gunnar Gronduc Headway R.L. Holllncer Hud. Bav M-S Hydra Ex. Highland Bell Iron Bay ISO JolTet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leltch Lanils Silver Madsen R.L. Malartlc G.F. Martin McNeely Maybrun Maclntyre Meta Mldrlm Intern Mogul New Athona 071/, New Calumet " " New Imperial 207 Noranda .46 Norfhgafe 1.75 Opemlska .06Va Oslsko 1.80 Potlno .23Va Pine Point 13.62V2 Placer Dev. 4.70 P.C. Exp. .87 2.05 Quebec Man .21 23.62Va Rayrock 1.35 24.25 Radlore .32 1.71 Rio Algom 1P.00 9.60 Roman Corp. 6.75 .82 Sllverflelds 1.85 .16 SherrJt! Gordon 17.75 .43 Silver Miller .08 8.60 Steep Rock 2.,10 1.J0 Slscoe 1.80 26.37V2 Tek Corp. 6.20 .07 Texmont .48 .97 Upper Canada 1.85 58.00 Western Mines 3.60 .I8V2 Wright Har. 1.20 1.30 V.'lllroy 1.16 Windfall .14 Yellowl-.nlfe Br. 4.70 Zenmac .15 Corp. In. Fund 4.66 5.09 Dreyfus Fund 11.74 12.17 ,152 Sr> ,Eul,y *� �-56 3H? ?T- Xn- s,,arM 3m 3.56 9.05 In. Growth 10.50 1148 10.00 Inv. Mutual 5.21 5 70 .30Va Mutual Accum. 5.07 5.55 28.25 Mut. Gr. Fund 4.54 5.01 29.37Vj Nat, Resources 7.12 7.76 34.25 n. w. Finance 4.19 4m N. W. Growth 4.93 5.42 Prln. Growth 3.63 4.21 Royfund 5.31 5.47 yn. Accum. 4.52 4.97 Unlver. Savings 7.05 7.75 Tem. Growth 24.91 26.43 VANCOUVER 1.05 3.45 138.00 ."0 1.10 9.75 1.57 6.80 12 00 37.25 Anuk Artie Mining Alias Explor. Beth Copper Bornlte Ridge Block Brothers Brenda B. C. Sugar B. C. Sugar Pfd Capf. International Churchill Copper .12Va Col. Cellulose PIPELINE STOCKS Cres'- Forest Ind Alta. Gas A 49 371/2 Croyden Alfa Gas Pfd 135 00 Dol|V Varden Alta. Nat. Gas 24 50 Dynasty Cdn. West Gas 107 00 Endako In. Nat. Gas 12 ijia Port Reliance Nor,h * Cent. 15 75 Giant Mascot 2I.MV2 Nor. Cent, pfd. 32.621'j Granlsle �JO Gaz Metro 5 25 Key Industries 3.15 Gas Metro pfd. 62 25 Growers B , Trans. Can. Pipe 34.>5 Hys , ',!., Ir- Can- Pipe pfd 42.50 ,n,er- Breweries i,-?iV4 I'- Can- P1Pe A 64.25 'trlcho T- ,T,r'.Ca5.- P'Pe W 11.00 Kam- Copper .30Va West. Trans 23.00 Lornex I5.J0 West. PaclUc 5l2Vs Madrona A ^ MUTUAL FUNDS New Imp. Mines A.G.F. Spec. 4.97 5 46 ok- Helicopter All Can. Com. 7,18 7 85 Primer All Can. Dlv. 8.24 9.01 Pyramid All Can. Vent. 3.31 3.42 Sllver Standard Amer. Gr. Fund 4.96 545 Texmont Can. Inv. Fund 4.40 4.83 Trojan Coll. Mutual 5.89 6.47 West. Mines Comm. Inter 11.95 13.10 West. R esources Comm. Lev. 3.02 3.31 West. Explor. Corp. Invest. 5.31 5.10 Utlca 3.10 1.68 .11 .81 .80 10.00 .16 138.00 .19 .31 11.25 .26 .14 .61 13.75 10.40 4.o0 7.65 17.00 15.50 4.10 1.15 7.00 7.25 .22 5.30 5.30 13.50 .56 4.00 10.50 .25 2.50 2.40 5.00 .09 .12 6.40 .40 1.80 3.45 .14Va .36 1.44 .68 .30 3.60 .14 .31 .52 Jun May Jlv Oct May Jly Oct May Jlv Oct 88% Oats 80% 133 Barley 132% 119',8 110 Bye 118= 118-1 290 285 88% 88% 133 131% 126 119 118% 120% Amr. T L T Anaconda Bth. Steel Chrysler Comsat Dupont Gen. Motors Gulf Inf. Harvester Kenn Copper Neiv York stocks Supplied by Richardson. Securities of Canada TEHRAN, Iran (Reuter) - Crucial talks opened here today between three Middle East oil giants and representatives of Western petroleum companies which could affect gasoline prices around the world in the next five years. The companies arc being asked to pay more for their oil and some members of OPEC, the orgardzation of petroleum exporting countries, have talked of cutting off supplies if their demands are not met. The talks at the finance ministry began shortly after the Iraqi and Saudi Arabian delegates flew in to join Iran in the talks with the oil companies. The talks are the continuation of an abortive meeting the two sides held here a week ago. The demand for more money by OPEC has caused anxiety in purchasing countries, including Japan which depends for 90 per cent of its oil needs on the Mid die East. The talks with the oil companies will deal with five demands by OPEC, decided upon during a conference in Caracas, Venezuela, last month, and a "package" offer by 12 oil companies who for the first time are taking a united stand against OPEC. WANTS INCREASE OPEC wants a flve-per-cent increase on the present 50-per-rent taxation rate, and uniform general increase on the posted price of crude oil exports. The oil companies have offered a five-year price stability pact, which allows for an an nual increase based on world in flationary trends. But the companies have in sisted there should be no further increase in the tax rate percentage, no retroactive payments and no new obligatory re-investment of profits. The negotiations which opened today are expected to be thorough, and may not finish in time to enable the three-nation negotiating team to report to an extraordinary OPEC meeting scheduled to be held here Saturday. OPEC mmbers provide *$ per cent of the oil needs of the western world. Apart from Iran, Saudi Arabia and Iraq, the or-ganization includes Kuwait, Algeria, Qatar, Abu Dhabi, Libya', Indonesia and Venezuela. Bad year for farmers EDMONTON (CP) - The net income to Alberta farmers last year dropped sharply to an estimated $1,325, Hugh Bryce, an agriculture department statistician said here. Mr. Bryce, in an interview, said the 65,000 farmers in the province had to share $86.1 million in farm net income last year compared with the $300 million shared by 66,000 farmers in 1969. The comparable net income average in 1869 was $4,538, he said. "The year 1970 was a very bad year." Mr. Bryce said 69 per cent of Alberta's formers were below the average $1,325 income and 31 per cent were above that amount. This, he said, irdicates that form income is not distributed evenly and the low Income was caused by too many small farmers. 53.00 Mont. Ward 21.12'A Sears 23.25 Std. Oil of N.J 26.00 Texas Gulf 51.62VJ Ti-xas Co. 129.75 Woolworth 78.871/j West. Elec. 29-50 U.S. Stnel .31 81.00 10 base met 92.44 off .07 ,�?",, , 5,wes* �'ls 198.23 up .21 T25.62'/i Volume 1,286,000 32.00 NEW YORK AVERAGES 38.50 30 ind. 850 08 up 61 69.62/j 20 rails 181.07 up .37 They get the same gasoline JANUARY COLOR CLEARANCE OQCM] 26" RCA CONSOLE Black matrix tube, automatic fine tuning, accucolor, auto tint. SPECIAL ........... 26" RCA COLONIAL CABINET Automatic Fine Tuning, Accucolor, SPECIAL ............ 17 RCA PORTABLE Automatic fine tuning, with sland. special ............ 2-RCA STEREOS Regular $209. SPECIAL ........ Regular special $289. 675 BINET $769 $475 $175 . $249 ELECTR0H0ME 19" ELECTROHOME PORTABLE Electro-tint, Electrolok. fine tuning, with stand. SPECIAL ........ 25" ELECTROHOME CONSOLE Walnut cabinet, completely automatic color. SPECIAL ..... 25" ELECTROHOME LOWBOY Walnut cabinet, completely automatic color. SPECIAL...... ELECTROHOME CONTEMPORARY CABINET UK I ABLE $575 ONSOLE �729 3WBOY $749 Completely Automatic special ........... $795 ELECTROHOME CIRCA 711 STEREO '249 Reg. $299. special ......... many more unadvertiseo color and black and white sets to choose from 2 ONLY RCA BLACK AND WHITE CONSOLE TV's Sp1c!m$32'-............... $250 Regular $299. TORONTO (CP) - The gaso-une supplied by Imperial Oil Ltd. in Ontario for sale at lower prices at discount and non-brand gasoline stations is identical to gasoline sold at higher special $235 ACTIVE TV SERVICE 1238 3rd Ave. S. Phone 327-5020 OPEN THURSDAY AND FRIDAY 7 TO 9 P.M. Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Alberta Hog Producers Marketing Beard: Edmonton: Quoted and selling 20.05, average Tuesday 20.21. Calgary: No market, average Tuesday 20.15. Red Deer: Quoted and selling 20.00, average Tuesday 20.10. Lethbridge: No market, average Tuesday 20.03. Lloydminster: N o market, average Tuesday 19.55. Grande Prairie: No market today or Tuesday. Total hogs sold 87. Sows average 12.27. prices at Esso stations, a company official said Tuesday. H. \V. Shea, senior operating official for Ontario, told the Ontario committee on franchises his company also sells gasoline at lower prices to independent outlets that are in direct competition with Esso dealers. "They are buying at a lower price," but the sates represent a drop in the hucket compared with the volume handled by all Esso dealers, he said. Mr. Shea explained that the difference in selling prices reflects the services provided by the two types of outlets. Discount and non-brand outlets do not take credit cards or support advertising campaigns or promotions. They have less realty taxes and depreciation and have less requirement for a trained sales force, FEW PHONES Only about one per cent of the Peruvian population has telephones. Egg prices EDMONTON (CP) - Weekly egg and poultry report issued by the Alberta department of agriculture: Eggs - To producers - large 39; A medium 33; n small 16; B. 19; C 6; Cracks 6. To Retailers - A large 51 to 52; A medium 44 to 45; small 27 to 28; B 33 to 34; ^ 19 to 20; Cracks .� to 20. To consumers (in c&.-tcns) - A large 55 to 56; A medium 48 to 51; A smsll 31 to 36. Poultry - To producers - live No. 1 chicken - broilers, Wi. Fcwl - under 4, 5. Turkey - under 12, 25,/2 12 to 18, 26V2; over 18. 24. Live No. 2 chicken - broilers, 17. Turkey - under 12, 22'/a; 12 to 18, 23ti; over 18, 22. Sewage water for irrigation MEDICINE HAT ROMAN CATHOLIC SEPARATE SCHOOL DISTRICT NO. 21 Requires a SUPERINTENDENT OF SCHOOLS This progressive School District in the City of Medicine Hat, Alberta employs ninety-two teachers in seven schools. The schools offer a wide curriculum to one thousand nine hundred (1900) students in Grodes one through Iwelve inclusive. A masters degree in Education or equivalent ond administrative experience are necessary requirements. When applying, please provide a comprehensive resume. Slate expected salary and supply references to: SUPERINTENDENT OF SCHOOLS MEDICINE HAT ROMAN CATHOLIC SEPARATE SCHOOL DISTRICT NO. 21 73 7th Street S.E. MEDICINE HAT, ALBERTA Applications will be accepted up to March 15, 1971. Duties to commence in July, 1971. ANNOUNCEMENT MR. ART WIUMS Mr. K. M. BicUerlon, Manager of Engineered Homes Limited, lethbridge, takes pleasure in announcing the appointment of Mr. Art V/illms as New Home Sales representative in Lethbridge. Engineered Homes is looking forward to a long and successful asscci-ation with Mr. Willms. SANTEE, Calif. (AP) - Reclaimed sewage water is flowing to commercial customers in Santee fcr the first time, It will be used for irrigation. A spokesman for the Santee County Water District described the development as "a technical and economical mile Plane stunt goes wrong} two killed GLOUCESTER, England (Reuter) - Pour RAF acrobatic team pilots died today in a stunt that went wrong. They were members of the celebrated Red Arrow Squadron whose close-formation antics in the sky have dazzled spectators around the world. The accident came when two Gnat aircraft collided while performing what the RAP described as synchronized aerobatics. There were two Red Arrow pilots in each plane. The accident happened during practice at the Red Arrow base at Kemble, near here. Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds unchanged at $1.01 5-32. Pound sterling off 1-16 to $2.43 9-16. NEW YORK (CP)^Canadian dollar unchanged at 98 57-64 in terms of U.S'. funds. Pound sterling down 3-64 at $2.49 13-16. stone" and said the water is of better quality than ground water from wells in the Santee area northeast of San Diego. Delivery of reclaimed water was started to Mast Park, a 28-acre youth recreation centre, and to a stock farm for trees. A pilot delivery system to serve homes adjeiring Mast Pack is being considered; This would require pipelines separate from those for drinking water. Ed Houser, general manager of the water district, said the reclaimed water is sold for irrigation purposes at (40 an acre foot - about 323,900 gallons. By contrast, Colorado River water for irrigation sells at $150 an acre foot. It's the first time in United States history that reclaimed waste water has been delivered to commercial customers thrtugh a separate pipeline for that purport, Houser said. After three treatment processes, the water, which already has travelled through a chain of recreation lakes, is percolated through natural sand and gravel. Beef futures WINNIPEG (CP) - Trading was active Tuesday on the Winnipeg live beef futures market with trades in all futures at 30 to 45 points over previous close levels. Open High Low Close Jan 32.15 32.50 32.15 32.50 Mar 31.75 32.00 31.70 32.00 May 31.75 32.80 31.73 32.00 of better trimmed and untrimmed styles special value prices! 39 '99 Rsg. $79.98 To $149.98 AN OUTSTANDING GROUP OF WOOLS AND BLENDS NOW REDUCED!! to It's THE fashion event of the seasonl Beautiful coats, bearing the finest labels, marked down so low you can't afford to not buy one. You'll find smart new wrap styles, belteds, A-lines, and others in this collection, many of them trimmed with elegant furs. Be early for the best selectionl Credit is yours at all Bstty Shops on your fashion Budget Account, betty shop Centre Village Mall ;