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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 22, 1971, Lethbridge, Alberta in MM Lower market trend continues TORONTO (CP) - The Toronto stock market was mixed to fractionally lower in light mid-morning trading today. On index, industrials dropped .16 to 176.55 and golds .16 to 164.50. Base metals climbed .06 to 92.44 and western oils .65 to 198.01. Volume by 11 a.m. was 521,000 chares, compared with 591,000 at the same time Thursday. Gains outnumbered losses 131 to 85 with 208 issues unchanged. Chemicals led declining tors. CPR was down % to $70yA and United Bata five cents to $3.85. Petrofina rose \Vi to $21, Hudson's Bay Oil and Gas V* to $39V8, Phillips Cables % to $10%, Noranda % to $31%, Scur ry-Rainbow % to $23V4, Asa mera V* to $16% and Ranger % to $14%. BANKS OFF MONTREAL (CP) - Banks were off while all other sectors of the Montreal stock market moved fractionally higher in light early trading today. The composite index was up .04 to 176.11. Combined volume on the Montreal and Canadian Stock Exchanges was 338,800 shares at 11 a.m. compared with 513,300 at the same time Thursday. Aquitainc, off % to $26%, reported 1970 net earnings of approximately 72 cents a share, up from 59 cents a share a year earlier. Imperial Oil, which did not trade, reported 1970 net earnings of 82 cents a share, up from 73 cents a year earlier. Petrofina Canada advanced $1% to $20% in extremely light trading, Hudson Bay Oil gained % to $39%, Velcro Industries Vi to $20%, Noranda % to $31% and Canada Packers % to $20. Hunter Douglas slipped % to ?9V4, Canada Cement % to $38% and Seagrams V* to $51. On index, industrials were up .01 to 181.46, utilities .32 to 153.53 and papers .32 to 95.15 Batiks were off .41 to 174.98. PRICES STEADY NEW YORK (AP) - Stock market prices remained strong today in continued active trad ing. At noon the Dow Jones average of 30 industrials was up 4.24 at 858.98. Among Canadians on the NYSE, Distillers Seagrams gained % to $52, Hudson Bay Mining was up % at $22% and Alcan was up V* at $23%. Canadian Pacific was down % at $69>4 and International Nickel was off V* at $45%. On the Amex, up % were Btascan Ltd., at $16% and Scurry Rainbow Oil at $23V4. Jupiter Corp. was up V* at $9%. T7�2��2Z^ Major beef sale (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE (11:00 a.m. Quotesi (11:00 a.m. Quotes> (11:00 a.m. Quarts) wistbrn OILS 5.10 5.80 16.25 Mink breeders seek extension of loan plan EDMONTON (CP) - Alberta mink breeders have asked the provincial government to continue "a guaranteed loan program into a second year. Agriculture Minister Henry Ruste met a delegation from the Alberta Mink Breeders' Association which asked for the extended program to enable the industry to overcome its current economic and marketing slump. Last year, 49 of the 88 breeders in northern Alberta took out loans totalling $600,000. Alta East Gas Almlnex Asamera Banff BP Oil Gas Can South Cdn Ex Gas Ashland cdn Homestd Cdn Home Ptd Cdn Ind Gas Oil Cdn Long Is Cdn Super Ccn Sel Rio Charter Chiettan Dome Pete Dynamic Pete Gt Plains Mill city New Cont North Cdn Oil Numac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner W. Decalta mi5csklanious INDUSTRIALS Agra Veg Oil 2.S0 Atco Ind Aquatalna Brit Nfld Cdn Brew A Pfd Cdn Brew B Ptd Cdn Hydro Car Cdn Pac Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil Gt Cdn Oil 5-75 Home A Home B Home Pltfld Hud Bay Co Hud Bay Oil EXPERIENCED PLANT OPERATORS AND STEAM ENGINEERS Positions are available at our Waterton Gas Processing Plant located near Pincher Creek, Alberta. Level of initial positions will be determined by past experience. Future advancement will be based on merit. Candidates should have a minimum of one year'* experience in gas plant processing and be the holder of at least an Alberta 4th Class Steam Certificate. Interested applicants should write stating qualifications and experience to: SHELL CANADA LIMITED P.O. BOX 1088 PINCHER CREEK, ALBERTA. ATTENTION: Office Supervisor THE UNIVERSITY OF LETHBRIDGE LETHBRIDGE, ALBERTA Require* PLANT UTILITIES SUPERINTENDENT (For New Facilities on a New Campus) Reporting to the Physical Plant Co-Ordinotor and responsible for the operation and maintenance of the Central Heating and Cooling Plant and related utility distribution systems at the new campus. Successful aplicant will be expected to inspect contractor's installation, operate the heating and cooling plant and automated control system and supervise plant operators. Starting date after April 1, 1971 to be arranged. Minimum five years of plant operating experience plus supervisory responsibility. Post-secondary education in mechanical or electrical engineering, vocational training or steam plant operator's certificate desirable. Salary to be discussed. Please write or phone for application. All repliei confidential. PERSONNEL OFFICER THE UNIVERSITY OF LETHBRIDGE LETHBRIDGE, ALBERTA THE UNIVERSITY OF LETHBRIDGE LETHBRIDGE, ALBERTA Requires CARETAKING SUPERVISOR (For New Facilities on a New Campus) Reporting to the Buildings and Grounds Maintenance Superintendent and responsible for the care* taking of buildings on the new campus. Duties to include formulation of work schedules, training and supervising of staff, inspection of work and cost control. Knowledge of cleaning procedures and materials essential with minimum of three years of supervisory caretaking experience. Starting date after April 1, 1971, to be arranged. Salary to be discussed. Please write or phone for application. All replies confidential. PERSONNEL OFFICER THE UNIVERSITY OF LETHBRIDGE LETHBRIDGE, ALBERTA Hud Bay Ptd Hugh Russ Husky Oil Husky Oil B Pfd ,,,.,. Husky Oil War. ""Vj infer Prov Pipe 5'" mil Utll 5'15 Inter Steel Pipe T2S Jefferson Lake Joutel Kaiser Resources Kam Kotla U.ejVa L 0nt PorT Cem MGF Manage Mentor ' "T Pacific Pete '5,. Rank Org Selk Hold 8�?� Shell Cda Shell Inv Pfd Shell Inv Wis Sicks Rainier White Yukon__ calgary Acroll Ana Pete Barons Oil North Cont Plains Pete West Warner .43 ,,,,, Madison .J* ?!b5 "pipe6 lini stocks0 Alta. Gas Tr. A 48.75 Alta. Gas. Tr. pfd. 78.75 Alta. Nat. Gas 24.15 Cdn. West Nat Gas 14.50 In. Nat. Gas 12.25 �.12'/a Nor. and Cent. _ 15.75 26.I2V2 Nor. and Cent. B 5.25 Gaz Metro 1.21 31.50 1.60 .83 7.40 7.�5 .68 1.3? .93 1.20 .60 15.00 6.00 ?2'K# �orP- lnve5'- S.33 5 82 Corp. In. St. Fd 4.7S 5 19 44.00 Drey. Pd. U.S. 11.60 12.71 _8.35 Gr. Equity �,00 6 59 13.12'/, Gr. In. Shares 3 28 3M 37.75 Inv. Gr. 10.46 11.55 B.87'/j Inv. Mutual 5.23 573 10.b7v2 Mut. Accum. 5.09 5.60 4.50 Nal. Res. 7.17 7.84 �� m W' F|nahA Molsons B 23 62Vi Nor,h- c�nt 23 6V& Pembina Pp ,25 Power Corp 7 25 Price Co 47-25 Rothmans 16.62% �|;�WC*P 66.00 fhel1 CI?A 9.12'/a Simpsons Simp Sears T i^rkV sao Texaco Traders Gp a Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mtg Westeel Union Car Weston's B Woodward's a West Cdn Sd Zenith Elec banks 8.12Va 5.75 6.B7VJ 27.75 1.65 12.00 11.75 30.50 3.35 8.00 25.75 70.00 23.37'/j 12.12V2 19.B7'/j Can imperial su>S Montreal 20.00 Nova Scotia 15.25 Royal 14.50 Tor-Dom 10.B7V4 80.50 24.00 11.25 52.00 4.20 80.25 20.62% 20.37V* 14.25 2.75 20.25 39.25 19.75 17.00 46.37 to $2.43 13-16. Friday, January 22, 1971 - THI UTHBRIDGE HERALD - 17 Grain price review Oil, gas eases sale encouraging EDMONTON (CP) - The Alberta government gained $4.7 million here in the sale of oil and natural gas reserves, and a spokesman said he is hopeful that oil is in for another big surge in activity. "We're pleased with the results," said H. H. Somerville, deputy minister of mines and minerals, following the sale. "It was mainly wildcat acreage that was advertised." Mr. Somerville said the sale gives indications that oil exploration in Alberta is increasing. 'We are looking for increased activity because of the increase in crude prices and also because of higher deliveries." The sale brings total government revenue from the sale of crown reserve leases, reservations and licences for oil and natural gas to $24.1 million for the first 10 months of the fiscal year and to $6.4 million from Dec. 31, 1970. Winnipeg Grain Prices WINNIPEG (CP) - Trading continued light at rrid-session on the Winnipeg Grain Exchange today although rape-seed had some activity on a scale down pattern. Commission houses were active on both sides of the rape-seed market and there was some inter-month spreading. Trading In flax, oats, barley and rye was light and prices were steady to fractionally lower. Thursday's volume of trade was 375,000 bushels of flax, 2,-882,000 of rapeseed and 313,000 of rye. Mid-session prices: Flax: May % higher 2.53V4A; July unchanged 2.53'/4a; Oct. % lower 2.547/8A. Rapeseed Vancouver: Jan. 2% lower 3.11%; March IV* Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 21.50 to 21.65, selling 21.65, average Thursday 22.00 Calgary quoted 21.60-21.90, selling 21.90, average Thursday 21.51. Red Deer: Quoted and selling 21.55, average Thursday 21.39. Lethbridge: No market', average Thursday 21.08. Lloydminster: No market, Average Thursday 21.19. Total hogs sold 270. Sows sold Thursday 12.66. Kraft bows to pressure OTTAWA (CP) - Kraft Foods Ltd. bowed to prices and incomes commission pressure to demonstrate that increases in its prices of margarine, shortening and salad oils last year were within the commission's guidelines, it was announced today. The commission investigated the pricing policies of seven of the eight Canadian producers of edible oil products and found them within the criteria agreed to last February, that price increases should be kept clearly below cost increases. But Kraft at first refused to divulge sufficient internal information to enable the commission to determine whether it was complying with the pricing criteria. A commission spokesman said that on Dec. 14 top executives of Kraft were warned that if they did not comply with the commission's request, it would invoke its powers as a royal commission of inquiry. It could subpoena the executives into court to answer its enquiries. The commission announced today that after these steps were taken to obtain compliance with the request for information, Kraft gave all the information needed. "The review shows that the price increases implemented by Kraft in 1970 are within the criteria," the commission said. NEW YORK (CP)-Oanadian dollar unchanged at 98 55-64 in terms of U.S. funds. Pound sterling up Vs at $2.411-16. BEGAN COLONY The Germans began colonizing West Africa in 1680. THE UNIVERSITY OF LETHBRIDGE LETHBRIDGE, ALBERTA Requires PROJECT OFFICER PLANNING AND DESIGN (For New Facilities on a Now Campus) Responsible to the Physical Plant Co-ordinator for camput planning and building design, including liaison between the University and architectural and engineering consultants, planning of new building facilities and site improvements, and preparation of cost estimates and reports on space utilization, furnishings, etc. The successful applicant will be an ARCHITECT OR PROFESSIONAL ENGINEER with an intimate knowledge of building design and planning, who can work effectively with faculty and consultants and who is prepared to undertake a variety of assignments related to all phases of the University's physical plant development. Storting date after April 1, 1971 to be arranged. Apply in writing by Friday, February 5, 1971 stating salary expectations and providing a complete personal resume. PERSONNEL OFFICER THE UNIVERSITY OF LETHBRIDOB LETHBRIDGE, ALBERTA Beef futures WINNIPEG (CP)-The Winni nipeg beef futures market was inactive Thursday with bids in the May future at current levels but no buyers. Volume of trade Wednesday was eight contracts. Open High Low Close Mar. 32.00N May 32.00B lower 3.00%; May % lower 2.87 ',; July V4 lower 2.79V4B. Rapeseed Thunder Bay: April 1% lower 2.88%B; June % lower 2.85%A. Oats: May Vs higher 89; July unchanged 88%; Oct. not open. Barley: May % lower I.32V4A; July unchanged 1.32A; Oct. unchanged 1.27&B. Rye: May unchanged 1.20%; July % lower 1.19'AB; Oct. not open. Prices for Class Two Wheat Thursday for export to countries outside IGA: 1 Nor 1.81%; 2 1.79%; 3 1.75; 4 1.69%; 1 Durum 1.797/8; 2 1.76'/e; 3 1.68; 4 1.63%; IGA prices: 1 Nor 1.81%; 2 1.79%; 3 1.75; 4 1.69%; 1 Durum 1.79'/B; 2 1.76'/8; 31.68; 1.63%. Grain quotes Thursday (basis Lakehead). High Low Close Flax May 255 253% 253% Jly 254% 2531,4 253V* Oct 255% 2551/4 2551/4 Rapeseed Vancouver dan 318% 314 314 Mar 308 301% 301% May 293>4 288 288% Jly 284 280 280 Rapeseed Thunder Bay Apr 292% 290% Jun 288% 285 Oats May 89 Jly Oct Barley May 133 1327/s Jly Oct Rye May 121v4 120% Jly Oct 290% 286 88% 88% 133 132 126% 120% 119% 121% FERNIE, B.C. SHOPPING CENTRE NOW COMPLETED Offers Opportunities for Selected Tenants Men's and ladies' Wear, Hardware, Dry Cleaning, Flower Shop, Restaurant, Grocery and Meats and a number of variety stores. The Centre has a number of Prime National Tenants. This million-dollar Shopping centre is located in a new billion-dollar coal mining and forest Industry capital ... the city of Fernie, B.C. Trading area now has a population of 15,000 and will triple by 1974. Enquiries to: LUCAYA DEVELOPMENT CORP. 816-510 W. Hastings St., Vancouver 688-5939 ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK . . . Consign to PICTURE BUTTE AUCTION MART Ideally located in the centre of large cattle feeding and hog raising area SATURDAY, JAN. 23rd at 1 p.m. 300 TO 400 HEAD All Classes of Cattle Highlighted by . . . 80 HEAD FEEDER STEERS FROM ONE OWNER 25 BRED YOUNG EWES TO LAMB IN FEBRUARY 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 732-4461 - Picture Butte II free booklet to answer gonr questions about Hmuitles i. A. "ED" BRUNNER Supervisor Business and Personal Estate Planning Res. Phone 328-7549 There comes a time in most men's lives when a guaranteed income is more important than the hope of capital gain. And that's exactly what annuities from Manufacturers Lift offer. They provide an automatic, guaranteed income for life. People have asked us many questions about annuities in the past. Important questions such as: Can I arrange for some of the money to be returned to my estate if I die early? Is there an ^^ig^BB^BB annuity that will transfer the income to my wife if she outlives fh^aB^HnV me? How do annuities affect my income tax? Is an annuity a WJ^^^^wiPlMM Mnd m*< practical way of supplementing Canada Pension Plan and other �^^^�1 without obligation, retirement income? �JBa^B^BH *,r<* copy ol ^pnaaa^BA To provide you with the answers we have published an easy-to- � ^ES^ESjOHi "Annuities... read, easy-to-understand booklet called "Annuities... the key � ^OBB^KBti's key to a to a golden age." It's yours for the asking, without obligation. J WsSB^'^^ tiolden age." Just fill in and return the coupon below. And if you would like J B^^^^ to discuss annuities with someone, you couldn't find a better I name..................................... person to talk to than the Man from Manufacturers. I I address................................. MANUFACTURERS LIFE : INSURANCE COMPANY | 210 Professional Bldg., lethbridge Phone 327-5514 ^ U2 ;