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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 27, 1971, Lethbridge, Alberta 20 - THE IETHBRID0I HIRALD - Wedneidoy, January 37, 1971 A 11\ \\t f; Fractional decline in stock prices TORONTO (CP) - The Toronto stock market was mixed to fractionally lower in moderate mid-morning trading today. On index, industrials lost .37 to 178.39 and base metals .28 to 92.14. Golds rose 1.07 to 162.90 and western oils .67 to 200.53. Volume by 11 a.m. was 566,000 shares compared with 685,000 at the same time Tuesday. Advances outnumbered declines 117 to 106 with 175 issues unchanged. Among losing issues, Consumers' Gas dropped % to $19%, Bethlehem % to $13y8, Kerr-Addison V* to $10, Inco % to $46 and International Utilities Va to $37 Vz. Shell Canada was down V\ to $34, Bell y8 to $47V4, Hudson Bay Mining Va to $20% and CPR V* to $69%. Maple Leaf Mills rose % to $16%, Texas Gulf Sulphur % to $19, Home A % to $28% and Aquitaine % to $26%. Ashland Oil climbed 1% to $11%, Banff y4 to $12%, and Denison % to $28. BANKS DOWN MONTREAL (CP) - Prices were mixed wits banks absorbing the largest losses in light early trading today. The com posite index was off .42 to 175.84. Papers and utilities moved ahead slightly. Combined volume on the Montreal and Canadian Stock Pension Plan chief schedules Livestock market report south visits J. C. Bouchard, manager of the Lethbridge District Office of the Canada Pension Plan, announced that a representative of the Lethbridge office will visit the following communities on Jan. 28; Raymond, Town Hall - 8:45 a.m. to 9:45 a.m., Magrath, Town Hall - 10:30 a.m. to 11:30 a.m. and Cardston, Town Hall - 1:30 p.m. to 3:30 p.m. On Feb. 4 a representative will be present at the Federal Building in Blairmore from 10:00 a.m. to 4:30 p.m. On Feb, 5 a representative will be present at the Pincher Creek Town Council Chambers from 9:00 a.m. to 12 noon. Anyone wishing to take advantage of this service is cordially invited to do so. Assistance will be provided in the filing of applications under the Canada Pension Plan, the Old Age Security Plan and the Garanteed Income Supplement program. Exchanges was 363,600 shares at 11 a.m. compared with 320,100 at the same time Tuesday. Asbestos Corp., unchanged at $34>/4, reports 1970 net earnings of $2.26 a share, up from $2.16 in 1969. CPR was off V* to $69% on a 100-share trade. Canadian railways gave notice Tuesday that they will raise freight rates by about six per cent on traffic "to, from and within" parts of Quebec and the Atlantic provinces. The rate increases are to become effective March 1. Famous Players, off Vt to $11%*, has offered to purchase the publicly-held class A and B shares of United Theatres of Montreal at $27 and $26 a share respectively. Famoos Players already holds the majority of both shares. On index, industrials were off .31 to 181.11 and banks 2.18 to 175.18. Utilities were up .04 to 153.34 and papers .08 to 94.39. TRADING HEAVY NEW YORK (AP) -. The stock market, bowing to;' what analysts said was profit-taking pressure, turned sharply downward today after nine sessions of advance. Trading was heavy. At noon the Dow Jones average of 30 industrials was off 8.63 points at 858.16. Many Canadian issues were down. Mclntyre Porcupine was off a point at $133. Walker-Good-erham lost Vt at $40%; International Nickel V\ at $45%; Distillers Seagrams % at $52%; Dome at $56% and Hudson Bay Mining % at $20%. Granby Mining added % at $22% and Canadian Pacific V* at $69. On the American Stock exchange, Scurry Rainbow Oil fell % to $24%. Canadian Javelin was off % at $11%. Jupiter Corp. was up % at $9. ISRAEL SEEKS AID JERUSALEM (AP) - Israel has asked the United States for a $500 million loan, a finance ministry spokesman said Tuesday. Lethbridge Livestock (Supplied by Canada Department of Agriculture On offer to 11:00 a.m. 165 cattle. Receipts mostly butcher steers and heifers, trade moderately active. Good and choice butcher steers under pressure, prices 50 cents or more lower in spots. Good and choice bucher heifers meeting good demand at about steady prices. The few cows on offer meeting indifferent demand, prices weak to 50 cents lower. Medium and heavy feeder steers selling about steady. Choice steers 31.50 to 32; good 30.25 to 31.25; medium 38.50 to 39.50; choice heifers 29 to 29.60; good 28.25 to 28.75. Good cows 19.50 to 20; medium 18 to 19; earners and cutters 15 to 17.50. Good heavy feeder steers over 850 lbs. 30.50 to 31.50; medium 28 to 30. Butcher hogs sold Tuesday f.o.b. Lethbridge 20.75 base price. Calgary Livestock CALGARY (CP) - Receipts to 11 a.m., 1,075 head, mostly slaughter cattle with the largest percentage being steers. Trade was moderately active. Slaughter steers sold 75 cents lower. Heifers were in relatively short supply selling 50 cents lower. All grades of cows were 50 cents lower. Bulls steady. Choice steers 31.75 to 32.40, good 31 to 31.75, medium 29.50 to 30.75. Choice heifers 29 to 29.50, good 28.25 to 28.75, medium 26.75 to 28. Good cows 20 to 21, medium 18.75 to 19.75, canners and cutters 15.50 to 18.50. Good bulls 23 to 25. Replacement cattle were mostly heavy, fleshy steers selling at steady prices. There were insufficient stock calves on offer to establish a market. Good feeder steers 750 pounds up 30 to 32.40, good stock and feeder cows 18 to 22. No bogs were sold. Portland Livestock PORTLAND (AP) - Receipts cattle and calves 600; slaughter cows steady with last Monday but steady to 50 higher than Tuesday; other slaughter and feeder cattle strong to 1.00 higher; slaughter steers standard and good 25.60-26.25; slaughter heifers good and choice individuals 750-1,200 lb. 24.00-29.75 choice offerings 28.00 and above; slaughter cows utility 17.50-23.00 cutter 17.00-21.00, few canner 13.00-15.00; slaughter bulls commercial and good 26.00-29.00; feeder steers good and choice 768-975 lb 25.00-30.25 some 768-920 lb. included 29.00-32.00. Commission suggests annual income security Grain price review Winnipeg Grain Prices WINNIPEG (CP) - Prices were moving only slightly despite heavier trading in all commodities at mid-session on the Winnipeg Grain Exchange today. Heavy hedge offerings and commission house selling in rapeseed met with good explorer scale-down and U.S.-house buying. Flax had a light trade with small offerings and little buying interest. Barley had good domestic shipper trading with some exporter inquiry. Most offers were wheat board hedgings. Oats had light domestic shipper buying for eastern feeders while rye had a light local and commission house trade. Tuesday's volume of trade was 190,000 bushels of flax, 2,432,000 of rapeseed and 152,-000 of rye. Mid-session prices Flax: May % lower 2.54%B, HURLBURT AUCTION SERVICE LTD. REGULAR EVENING AUCTION AT THE WAREHOUSE 1920 2nd Ave. S., Uthbridg* THURSDAY, JAN. 28th TERMS CASH SALE STARTS 6:30 P.M. NO RESERVE Beautiful blond dresser and matching 48" bed; Admiral 21" TV; Set wood bunk beds and mattresses; Old dresser; Chrome table and 4 chairs; Vanity dresser; Wood table; 4 chairs and matching china cabinet; 2-chestof drawers; 3-ice boxes for trailer or camper; Leonard 30" electric range; 2-old kitchen cabinets; Frigidaire 30" electric range; Power mower; 6-gas heaters; Chesterfield and chair; Chrome step stool; Night table; 2-single beds; School desk; 40" gas range; Wood high chair; 2-small bookcases; Nile hostess chair; Small rug; Air cooler; Spark plug cleaner; 2-truck spare tire holders; Kids table and 3 chairs; 2-coffee tables; Wood chairs. Floor lamps; Jacks; Trailer camper vents; Good luggage; 2-sniall chrome stools; Mixmaster; %" electric drill; Kids rocker; 3-trailer mirrors; Hair dryer, All channel TV antenna; Doll stroller; Small rug; 2-record players; Transistor radios; Linen; Dishes; Pots and pans; Games-Toys; Small pool table; Polaroid camera; 9xl3'/2 rug. SPECIALS GOOD TENT TRAILER. 1964 FORD FAIRLANE. 4-door, V-8, standard transmission, rebuilt motor. 1960 PONTIAC. 4-door hardtop, 6 eyl., automatic. 1957 CHEVROLET. 2-door hardtop, 6 eyl., automatic. For Further Information Contact: HURLBURT AUCTION SERVICE LTD. Phone 328-4705 1920 2nd Ave. S. Lethbridge auctioneers TED NEWBY KEITH ERDMANN /2 Chrysler 135.00 CPR Com Inco Cons Bath Cons Gas Dlst Sea Dom Bridge Domtar Dom Textile Dom Stores Dome Pete .17 .27 12.50 .14 .26 1.35 32.25 (11:00 a.m. Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors .88 Gt Lakes Pap .20% Gulf Oil Cda 1.21 Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A uv2 Metro Stores 4.65 Massey Ferg .12 McMillan Bloe Moore Corp Molsons A 8.50 Molsons B 23.37v2 North, Cent 15.75 Pembina Pp 9.00 Power Corp 7.12v2 Price Co 47.12V2 Rothmans 17.f0 St Law Corp 46.00 Shell CDA 9.37'A Simpson's 23.37'A Simp Sears 17.50 Steel of Can 5.12