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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 26, 1971, Lethbridge, Alberta Tuetdoy, January 26, 1971 - THE IETHBRIDOE HERALO - IS HI MXUSS Market prices mixed to lower TORONTO (CP) - Prices were mixed to fractionally lower in mid-morning trading today at the Toronto stock market. On index, industrials dropped .34 to 178.76, golds .16 to 163.95 and base metals .14 to 92.24. Western oils rose 1.01 to 200.18. Volume by 11 a.m. was 685,000 shares, compared with 662,000 at the same time Monday. Losses edged out gains 125 to 121 with 212 issues unchanged. Merchandising and pipelines led declining sectors. CPU was down % to $69V4, Alcan V4 to $23%, Consumers Distributing Ve to $19%, Matta-gami % to $23y4, Hudson Bay Mining % to $21, Giant Mascot 10 cents to $4.10 and Western Decalta 10 cents to $5.65. Hudson's Bay Oil and Gas rose % to $39%, OSF Industries % to $7V4, Canadian Westing-house Vi to $9, Noble 15 cents to $3.40, Northgate 15 cents to $8.95, Scurry-Rainbow % to $25, Banff % to $12% and Ranger Vt to $15%. INDEX OFF MONTREAL (CP) - The Montreal stock market was lower hi all sectors early today with the composite index off .26 to 176.30. Trading was light. ROYAL BANK APPOINTMENT ^^^^^^^^^^^^^^ R. D. JENSEN The Royal Bank of Canada has announced the appointment of R. D. Jensen ai Manager, Oil and Gas Department, Cal-Bary. Mr. Jensen, a graduate petroleum engineer from the University of Oklahoma, was previously associate manager of the bank's Oil and Gas Department. He has been associated with the oil industry since 1953 and with the Royal Bank since 1960. Combined volume on the Montreal and Canadian Stock Exchanges was 320,100 shares at 11 a.m. compared with 367,100 at the same time Monday. Pacific Petroleum, up Vi to $29%, reports 1970 net earnings of 80 cents a share, up from 70 cents in 1969. Revenues totalled $100.4 million compared with $87.8 million in 1969. Texaco Canada, steady at $29%, reports 1970 net income of $3.02 a share, up from $2.83 a year earlier. Hudson Bay Oil and Gas, up % to $39V4, reports 1970 net earnings of $1.02 a share, up from 95 cents in 1969. The company said operating volumes in 1970 achieved "significant gains" in all segments of its operations. In extremely light trading, Maritime Electronics' advanced % to $22V4 and Gens tar Vt to $11%. Stelco declined % to $27V4, QSP Ltd. % to $15, Inter national Utilities % to $37%, MacMillan Bloedel % to $27% and Aquitaine % to $26%. On index, industrials were off .24 to 181.57, utilities .16 to 153.41, banks .52 to 176.44 and papers .68 to 94.67. SMALL ADVANCE NEW YORK (AP) - The stock market built on its record of recent accomplishments with a small advance today. Trading was heavy. At noon the Dow Jones average of 30 industrials was ahead 1.51 points at 867.23. Among Canadians on the NYSE, Mclntyre Porcupine fell 3 to $134, Walker Gooderham was down % at $41 and Inter I tional Nickel was off V\ at $45% Genstar Ltd. was up % at $11% and Distillers Seagrams up 'A at $53. On the American Stock Exchange, Scurry Rainbow Oil was up V* at $24% and Brascan Ltd. was up V* at $17V4. Jupiter Corp, was down V* at $8%. Harold Wilson to keep post LONDON (AP) - Harold Wil son said Monday night he has no intention of giving up his leadership of the Labor party, In his first major television interview since losing the premiership to Edward Heath in last June's election, Wilson said; "It is now my intention to lead the Labor party into the next election, and to win." KAISER RESOURCES LTD. APPOINTMENTS C. Lm Entree* The Board of Directors of Kaiser Resources Ltd., has elected C. Lee Emerson President and Chief Executive Officer, and Harry M. Conger Vice President In Charge of Operations, it was announced by Jack J. Carlton, President and Chief Executive Officer of the parent company, Kaiser Steel Corporation. "The action of the board In electing Mr. Emerson President represents a significant strengthening of our coal producing operations In British Columbia," Mr. Carlson said. "The ap- Rointment Is aimed at providing top executive direction from Ir. Emerson on a full time basis for the expanding activities of Kaiser Resources. For the past year- Mr. Emerson, as Executive Vice President, has spent considerable time developing a long range program of coal production for Kaiser Resources. Now his election as president will permit Mm to devote his full energies to the opportunities which lie ahead tor Canadian coal. The appointment reflects the proven management capabilities Mr. Emerson has shown In his nearly 30 years in positions of responsibility with the Kaiser organization." "I am pleased to say," Mr. Carlton added, "that Mr. Conger's appointment Is similarly designed to build � stronger Kaiser Resources for the challenging and diverse activities ahead." Mr. Conger has been General Manager for Kaiser Resources since last July and he has helped plan the long range mining program aimed at expanding the coal production. Before coming to Sparwood, Conger was manager of Kaiser's Steel Iron Ore Mine Properties and Pellet Plant at Eagle Mountain, California. "The Board of Directors Is convinced these two appointments will significantly strengthen the Kaiser Resources organization team and will be a positive step forward In the company's plans to make Canadian coal an Increasingly Important product in world commerce," Cartoon Mid, Miscellaneous quotations Vancouver, Calgary, (Montreal (Supplied by Doherty, Roodhouse and McCuaig) LAST BID OR SALS 111:00 a.m. Quotes, (11:00 a.m. Quotes) (11:00 a.m. Guotesl WISTIRN OILS Alia East Gas Almlnex Banff P. Oil Can South Cdn Exp Gas Ashland Grid Cdn Home Cdn Indus Gas Cdn Long Is Cdn Superior Cent Del Rio Charter Chleftan Dome Pete Dynam Pet* G 5.00 5.70 15.25 5.65 5.10 4.05 9,00 10.50 .95 7.25 1.02 2.55 2.80 .77 5.85 Oil Husky Oil War Inter Pro Pipe Int Utll Ptd Inter Steel Jeff Lake Joutel Kaiser Res 10.37'/a Kam Ktola 730 Lake Ont Pt Ce -|2-25 AAGF Manage '73 Mentor 37MK Nswconex 12.62V2 Pac Pe,e X75 Rank Organ Selkirk Hold Shell Inv Shell Inv Pfd Shell Inv Wis Sicks Rain West Cdn Sd White and Yuk CALGARY Acroll Anac Pete Barons Oil North Cont Plains Pete 24.WVi West Warner 185 Madison j on Rexdale PIPELINE STOCKS Alta Gas Tr L A 49.00 7.30 10.50 1.17 31.00 1.50 .80 7.70 7.80 .64 1.35 1.21 .62 15.50 7 Plains Mill City New Cont North Cdn Numac Permo Petrol Place Gas Ponder Ranger Scurry Rain Spooner West Decat MISCELLANEOUS INDUSTRIALS A,fa Gas Tr L pfd n.75 Agra Veg 7.62��t Res .07 12.08 ",3.24 Western Explor .30 3.0B 3.38 Utlca .51 .32 .10 5.12 5.63 4.50 5.28 7.16 7.83 4.30 4.73 5.03 5.53 3.94 4.33 5.33 5.49 4.57 5,02 7.10 7.80 .25 .121/1 .61 13.50 10.50 4.65 7.60 12.50 4.15 1.05 1.50 .22 5.10 14.37/a Steel of Can 6.00 Selkirk A 7.121/4 Texaco 27.25 Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel Union Car Weston's B Woodward's A West Cdn Sd Zenith Elec BANKS Can Imperial 10.25 Nova Scotia 80.75 Royal 24.25 Tor-Dom 00 11.50 12.25 31.00 3.40 8.00 26.00 49.25 23.25 11.75 20.25 51.75 20.50 11.75 S7.00 5.25 82.00 20.50 20.62Va 14.37Va 2.75 20.00 39.25 19.62Va 16.75 46.37Va 27.00 8.37Va 37.50 17.50 7.75 5.25 4.10 5.25 25.00 12.421A 27.62Va 34.87Va 16.12'za 16.00 31.62Va 24.50 5.87Va 8.87i/a 14.50 19.00 34.00 18.00 24.00 27.50 11.00 29.75 9.50 21.00 35.00 15.87i/a 42.00 3.70 11.121/1 16.00 19.75 19.12i/i 3.50 1.35 19.12'A 14.62Va 21.75 23.50 19.37'A Grain prices WINNIPEG (CP) - Heavy buying in rapeseed continued into mid-session today at the Winnipeg Grain Exchange with most of the demand in the January future. Gains were posted in January of up 14% cents, setting new crop season high. Flax had a steady trade but oats and barley were confined mostly to some domestic shipper buying for eastern feeders. Rye had some scale-down exporter buying and locals and commission houses were active on both sides of the market. Monday's volume of trade was 453,000 bushels of flax, 2,-554,000 of rapeseed and 713,000 of rye. Mid-sesion prices Flax: May V* lower 2.53%, July unchanged 2.S3V&B, Oct. % higher 2.55%A. Rapeseed Vancouver: Jan. 14% higher 3.35% March VA higher 3.06%, May 1 higher 2.90A, July V* lower 2.81. Rapeseed Thunder Bay: { April 1% higher 2.91Vb, June 1% higher 2.86A. Oats: May Va lower SO'/s, July, Oct. not open. Barley: May % lower 1.33%, July, Oct. not open. Rye: May 1% lower 1.18V4, July 1% lower 1.17, Oct. unchanged 1.21%A. Prices for class, two wheat for export to countries outside IGA: 1 nor 1.81%; 2 1.79%; 3 1.75; 4 1.69%; 1 Durum 1.79%; 1.76%; 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'/a; 1.79%; 3 1.68; 4 1.63%. Grain quotes Monday (basis Lakehead): High Low Close Flax May 254 253V4 Jly 253% 253V4 Oct 255 253% Rapeseed Vancouver Jan 321 319 Mar 305% 301% May 289% 286 Rapeseed Thunder Bay Apr 290% 287% 290 Jun 284% 284 Oats May 89�/4 89 Jly Oct Barley May 133% 133% Jly 132% 132% Oct Rye May Jly Oct Livestock market report Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11:00 a.m. 100 cattle. Receipts almost entirely butcher steers, trade active. Ali classes of butcher steers meeting very goood demand selling 25 cents or more higher, with heavy kinds over 1,200 lbs. being discounted by $1. The few cows on offer sold steady. Choice steers 32 to 32.50; good 31.25 to 31.75; medium 28.50 to 29.75. Good cows 20 to 20.60. Butcher hogs sold Monday f.o.b. Lethbridge 20.30 to 21 base price. Monday's sales 685 hogs. All classes of weaner and feeder hogs selling steady, kind and quality considered. 254 253% 254% 321 305% 289 284% 89% 88% 133% 132% 128% 120% 119 119 . 117% 119% 118% 121% New York stocks Supplied by Richardson. Securities of Canada Amr T and T 52.87Va Montgomery Ward 34.62Va 20 Golds 164.00 oft .11 Anaconda 21.25 Sears 80.50 10 Base Met 92.33 oft .05 Bth Steel 23.50 Std Oil of N.J. 70.00 1 5 W Oils 200.59 Chrysler 25.75 Texas Gulf 126.00 Volume 1,125,000 Comsat 58.00 Texas Co 33.50 NEW YORK AVIRAOES Dupont 133.25 Woolworth 38.75 30 Indust 867.13 up 1.51 General Motors 81.25 Westlnghouse Elec 74.12Va 20 Ralls 187.32 up .81 Gulf 29.25 U.S. Steel 34.00 15 Utilities 126.09 up .07 Int Harvester 31.00 TORONTO AVERAGES 65 Stocks 286.09 up .63 Kenn Copper 35.00 20 Indust 178.54 off .56 Volume 9,540,000 Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Al berta Hog Producers Marketing Board: Edmonton: Quoted 20.50 to 20.85, selling 20.55, average Monday 20.72. Calgary: Quoted 20.65. � big 20.65, average Monday 20.68. Red Deer: Quoted 20.50, selling 20.50, average Monday 20.97. Lethbridge: Average Monday 20.69. Lloydminster: Average Mon-day 20.02. Total hogs sold to 11 a.m. 454; Monday 8,989. Provincial average 20.74. Sow average 12.30. ask lor this folder to learn how you may obtain an IDB loan to assist in starting, modernizing or expanding your , VVi, business any- x where In Canada. Beef futures WINNIPEG (CP) - Trading was mostly inactive Monday on the Winnipeg live beef futures market. Open High Low Close Mar 32.C5B May 32.65B PACT APPROVED VANCOUVER (CP) - A $2.7 million contract for the con struction of a 201-bed extended care unit at Vancouver General Hospital has been approved by the Greater Vancouver Regional District. Wi INDUSTRIAL DEVELOPMENT BANK TERM FINANCING FOR CANADIAN BUSINESSES LETHBRIDGE, Alta.: 740-4th Ave. South-Tel.: 328-9681 MSMUOIItm with famoussosnywhen 4-Wheel Drive Tf JT.DWVC THI 3-CAR CAR TODAY mm UNHID MOTORS CO. LTD. Cor. 3rd Ava., 3rd St. S. Phone 327-2105 Weaners 4.25 to 7; light feeders under 100 lbs. 9.25 to 14.25; hsavy feeders over 100 lbs. 17 to 22.25. All prices per head. Light feeders under 100 lbs. sold from 16 to 18 per cwt; heavy feeders over 100 lbs, 14 to 17. Bred sows 40 to 63 per head. Calgary livestock CALGARY (CP) - Receipts to 11 a.m., 1,000 head, mostly slaughter cattle with the large percentage being good and choice steers and heifers. Trade was strong and active with a good local demand. Slaughter steers sold 50 cents higher, heifers were 25 cents higher. Cows sold steady with sales to 21.80. Bulls steady. Choice steers 32.75 to 33.10, good 31.50 to 32.50, medium 31 to 31.25. Choice heifers 29.75 to 30.10, good 28.50 to 29.50, medium 27 to 28.25. Good cows 20.75 to 21.50, medium 19.25 to 20.50, canners and cutters 16 to 19. Good bulls 23 to 25. Replacement cattle were practically all heavy, fleshy steers selling at steady prices, Insufficient stock calves on offer to establish a market. Good feeder steers 750 pounds up 30 to 33, good stock and feeder cows 18 to 21. Hogs base price 20.65. Potato futures WINNIPEG (CP) - The Maritime potato Mures market had a light trade Monday. Open High Low Close Mar 2.45N Ar>r 2.65A May 2.95B anltij }emonam& DEATHS HE1NONEN - Passed away on Saturday, January 23, 1971, following a lengthy illness, Mr. Oskar Nikolas (Niko) Heinonen, at the age of 74 years, beloved husband of Mrs. Lempi Heinonen, of Picture Butte. The Funeral service will be held at 3:30 p.m. on Wednesday, January 27, in Martin Bros. Chapel 812 3 Avenue South (Please note courtesy parking at rear of chapel), with Rev. H. W. Martin officiating. Interment will follow in Mountain View Cemetery. Martin Bros. Ltd., Directors of Funeral Service. C3132 DORSEY - Passed away in the city, on Saturday, January 23, 1971, following a brief illness, Mr. John Vincent (Bud) Dorsey, at the age of 75 years, beloved husband of Mrs. Ann-etta Dorsey, of 1839 6th Ave. N. A funeral service will be held at 10:30 a.m. on Wednesday, January 27, in Pattison's Funeral Chapel, Medicine Hat, with Rev. Father L. Rostaing, celebrant. Interment will follow in Hillside Cemetery, Medicine Hat. Those who wish may donate to the charity of their choice. Martin Bros. Ltd., Directors of Funeral Service. C3134 DEATHS MASON - Passed away suddenly in Thompson, Manitoba, on Sunday, January 24, 1971, Mr. Gary Raymond Mason, at the age of 20 years, formerly of Lethbridge, beloved son of Mr. and Mrs. William G. (Mary) Mason of 325 26th St. S. Funeral arrangements will be announced when completed. Martin Bros. Ltd., Directors of Funeral Service. C3135 DEATH SCHWARZ - Passed away in Calgary on Monday, January 26, 1971, following a short illness, Mrs. Lydia Schwarz, at the age of 34 years, beloved wife of Mr. Gustav Schwarz of 720 19 Street North. Born in White Russia in 1937 the late Mrs. Schwarz came to Raymond in 1951, moving to Lethbridge in 1955 where she has resided until her passing. Besides her loving husband she is survived by one daughter, Katherine Anita and one son, Jim Stewart both at home; her parents Mr. and Mrs. Michael (Julia) Hrodil of Coaldale and two step brothers, Nick Seniec of Lethbridge and Walter Seniec of Magrath. The funeral service will be held at 1:30 p.m. on Friday, January 29 in Memorial Chapel, 703 13 Street North, with Rev. W. Schoepp officiating. Interment will follow in Mountain View Cemetery. Martin Bros. Ltd., Directors of Funeral Service. C3130 TH1ELEN - Passed away suddenly in Milk River on Saturday, January 23, 1971, Mr. Peter Herman Thielen, at the age of 75 years, of Milk River, beloved husband of the late Mrs. Rose Thielen. A requiem mass will be celebrated at 10:30 a.m. on Wednesday, January 27, at St. Isadores Catholic Church, Allerston, with Rev. Father J. Jordan celebrant. Interment will follow in the Allerston Cemetery. Pray ers will be said at 7:30 p.m. on Tuesday (tonight) in St. Peters Catholic Church, Milk River. Friends may pay their last respects in St. Isadores Catholic Church from 9:30 a.m until service time on Wednesday morning. Those who wish may donate to the Alberta Heart Fund in care of Mrs. M. N Wray 1705 15 Street North - Phone 327-3370. Martin Bros, Ltd., Directors of Funeral Service, i C3133 SWEDA - Passed away in the city on, Saturday, January 23, 1971, following a lengthy illness, Mr. Steve Sweda, at the age of 74 yeare, of Lethbridge, beloved brother of Mr. Matthew Sweda and Mrs. Mary Field both of this city. The funeral service will be held in the Memorial Chapel 702 13 Street North, at 1:30 p.m. on Wednesday, January 27, the Rev. Father A. E. Field officiating. Interment will follow in the Field of Honor, Mountain View Cemetery. Martin Bros. Ltd., Directors of Funeral Service. C3131 SIGN OIL PACT KUALA LUMPUR (Reuter) - The Malaysian government signed a 40-year agreement Monday with Mobil Malaysia Exploration to drill for oil off the west coast of West Malaysia. FERGUSON - Passed away in the city on Monday, January 25, 1971, following a very brief illness, Mrs. Uarda Mary Ferguson, at the age of 80 years, beloved wife of the late Mr. Willis E. Ferguson. Born and raised in Jacksonville, New Brunswick, April 7, 1890 the late Mrs. Ferguson came west to Starbuck, Manitoba, as a teacher and was married in Winnipeg, January 1, 1914, Mrs. Ferguson spent most her life in Winnipeg, moving to Lethbridge in 1966. She is sur vived by two sons, Elmer of 1602 7th Ave. S. Lethbridge and Evertt of 3210 Forest Hill. Montreal and their wives, Vera and Mae; a sister Mrs. Edna Miller of Hartford, N.B.; four grandchildren and one great grandchild. A private funeral service will be held at 4:00 p.m. on Thursday, January 28. in Martin Bros. Chapel, 812 3rd Ave. S. (Please note courtesy parking at rear of chapel), with Rev. Roy Crisfield officiating. Interment will follow at Brookside Cemetery in Winni peg. Martin Bros. Ltd., Directors of Funeral Service. C3129 FUNERAL CHAPMAN - Funeral service for Robert Murray Chapman, beloved husband of Mrs. Elizabeth Chapman of 2125 5th Ave. N. who died at Lethbridge Jan. 21, 1971, at the age of 55 years, was held at 2 p.m. Monday, Jan. 25, 1971, in the Chris-tensen Chapel, 327 10th St. &'., with Rev. R. W. K. Elliott officiating. Pallbearers were Jack Kerr, Bert Bosch, Jim Hunter, Bob McKanna, Wayne Malmberg and Woodie Anderson. Interment was in Mountain View Cemetery. Christensen Salmon Funeral Home Ltd., Directors of Funeral Service, was in charge of the arrangements. CARD OF THANKS COWIE - I want to express my thanks and appreciation to my doctor and to the nurses in Municipal Hospital. Also to all my friends and relatives for flowers, gifts and lovely cards sent and for visitations during my recent illness. Most Sincerely, Evelyn Cowie 2473 IN MEMORIAMS HARROLD - In loving memory of a dear father and grandfather, Hugh Patrick Harrold' who passed away January 25, 1968. -Always remembered by his daughter Kathy, Bill and family. 2458 ACCOUNTANT A challenging opportunity for a young man qualified to assume responsibility of a diversified Accounting Department with the support of a complete staff for a prominent and rapidly expanding company involved in all aspects of the potato industry. The Individual selected must show analytical ability and decisiveness and be able to conduct financial analysis, develop end direct inlernal audit programs, monthly management report* including expense statements, cash flow and aged accounts receivable. The applicant should possess formal training (C.A., R.I.A., C.G.A. or B. Comm.) or equivalent experience but secondary to the requirements of satisfaction of continued personal growth. Initial salary will depend upon qualifications and experience. Written applications staling full particulars of education, experience, salary expected and pertinent personal Information should be directed in confidence toi MR. G. P. PISKO V. G. SERVICES LIMITED P.O. BOX 430 VAUXHAU, ALTA. STEVENS - In loving memory of a dear wife and mother, Georgina, who passed away January 25< 1970. -From her loving husband Jesse and family. 2159 GIBSON - In .loving memory of a dear husband, father and grandfather, David James Gibson, who passed away January 26, 1961. -Ever remembered by his wife and family. 2460 EASTERBROOK - In loving memory of a dear husband and dad, Roland Easterbrook' who passed away January 26, 1960. Memories are the lamps that light the darkest road, To a beautiful hope of reunion, when we meet at the end of the road. -Lovingly remembered b y his wife, daughter and family. 2453 KROPINAK-In loving memory of Michael Kropinak, father, who passed away January 23, 1960. Loving and kind in all his ways, Upright and just to the end of his days, Sincere and kind in heart and mind, What a beautiful memory he left behind. -In loving memory - Marvin and Diana Kropinak. 2474 ;