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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 28, 1972, Lethbridge, Alberta Industrial stocks continue advance TORONTO (CP) Industrial issues on the Toronto slock market climbed sharply higher today for the second consecutive Mfsion as price! in all major posted advances In ac- tive mki-moming trading. Tin industrial Index was up 1.26 to 197.06, Its best level since May 30, 1969. Golds were ahead 3.62 to 172.82, base metals .01 to 85.53 and western oils .91 to 219.63. Volume by 11 a.m. was shares, up sharply from at the same time Thurs- day. Advances outnumbered de- clines by about three-to-one, 192 to 63, with 190 issues un- changed. Banking, beverage, general manufacturing, oil r e f i n i n g, steel and pipeline stocks posted broad gains as 13 of the in- dustrial index's 17 sub-groups moved higher. Communications, real estate and utility Issues edged frac- tionally lower. Imperial Oil rose 1 to S33W, Chrysler iVs to Bow Val- ley to Alcan to Come Mines 1 to J64 and Scurry-Rainbow to Asamera was up 1% to Toronto Dominion Bank to Westooast Transmission to Sherrltt to and Ranger Vt to Candel Oil fell Vt to Shell Canada tt to Tara Vi to Northgate 15 cents to (6.00 Steinberg's A to ?23V4 and Federal Grain to PRICES RISE MONTREAL rose sharply in moderate morn- ing trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 1.40 million shores, compared with at the same time Thurs- day. The high volume was due to the underwriting of shares by Amos Mines on the Canadian Stock Exchange. On index, banks advanced 4.62 to 267.57, industrials 2.67 to 200.40, the composite 2.26 to 200.54 and papers 1.09 to 88.90. Utilities dropped .29 to 163.83. Gains on the Montreal Stock Exchange included Texaco Can- ada, up 1% to Jamaica Public Service 1 to Pacific Petroleums 1 to Imperial Oil to S33V4, Laurentide Fin- ancial 7s to Moore Vt to S42 and Bank of Commerce ?a to Among declines, Credit -Fon- der dropped SV M.JS WC Tl.M MUTUAL FUNDS l.m. QwtM) N W Gr Principal Cr Rovfund Temp Gr United Ac Universal SIV VANCOUVkl MINtl Anuk 55 Arctic Mining Atlas Explor Bain Noru Brende Churchill Copper CroyOn Dankoe Dally Virden Dynasty Fort Reliance Giant Mascot Granule KamlMps Coppfr Lornex Ly'lon Mineral! Primer Pyramid Sliver Standard 710 31.50 33.M Inv 27.25 1S.CO 33.-.2 32.37 19.CO All Cdn Com l.4a 9.25 Texmont AM Cdn Dlvld 10.32 Trojan 3BI 4. id valley 641 7.12 _. INDUSTRIALS Copper DUSTRI 514 i.H 1.32 i.n t.4i Ml l.ei 7.14 At Cdn Vent Amr Gr F AOF Special 3M Block Bros 3.M Cdn Invest F J.OO 5.48 B.C Sugar 2000 Cmnw Inler 14.94 15 3! B.C. Sugar PFd Cmnw Lev 3.61 Opt Inter 6.00 Corp Invest 5.92 6.47 Crestbrook F Ind Corp Invssl St r S.O! 5.S2 Key llduit Dreylus F U.S. 12.SB 13.79 Hv! Gr In Shares 312 4.19 Interior Gr Equity 6.97 7.65 Inter Mariner Invest Gr F 12.90 Pacific ._W_Alr .35 3.10 3.55 .73 19.00 invest Mutual 5.71 t.U Slampede Intl Res 1.04 Mutual Ac OILI Mutual Gr f 5.58 6.14 Albany Oils M Nat Res 7.13 7.79 Plains Pete .27 N W Fin 4.79 1.26 West Explor .12 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE l.m. MINES dl-.w Quolesl a.m. Acme Advocell Alb. AkallchD Brelorne Broulen Bethlehem Brunswltk Canada Tung. casslar Central Pal. ewms Conweat Cons. Rambler Coin Lake Cochenour crelgmont DlcKenson Mine Denllon Mines Dwr Horn D'Eldona Dome Mines Donalda Discovery Mines East Malarllc East Sulllven Felconbrldoe Frotex First Marltlmei Giant Y.K. Bovls Granduc Headway H..L. Kolllnper .24 1.97 .51 J.30 .24 J.S1 1.IU 19.75 1.75 Vtt n.a 1.70 14 .24 11.25 1.10 .04 .K 44.00 07 71 1.35 3.10 17.00 .40 .63 1.35 1.90 Norlex Ocicko Pine PolnJ Placer .Dev. P.C. Exp. Quebec Man Radlore Rio Algom Roman Corp. SherrlH Gordon sliver Miller SIMP, RocR Tek Corp. Texmonl Upper Canada Western Mines .24 .21 M.7S JS.OO 2.95 .11 1.30 .26 16.25 7.50 14.75 i.50 .52 1.94 3.15 Stores Dome Pele Oolasco CA8 Fd or Amer Gl Cdn Oil Gen Motors Gt Lanes Pap Cull on cda Greyhound Hawker Sid Huron, Erie 2.48 Hiram Walk Imperial Oil Imesca Int Nickel In! Pine yyrlBhl Inv Gp A Wlllroy Windfall Yellow Zenmac INDUSTRIALS .n .10 4.65 7.50 Hudson Bay M-S 20.51 Hydr! Ex. Iron Bey lio Jollet Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langls Silver Madsen R L- MalaMIc G F. Martin McNeely Maclntyre Mete Mldrlm Intern Mosul New West Home New Alhona New Calumet W. Horst Copper Norenga Northgate Ablllbl Alon STeel Atco Ind Atlan Sugar Agra Indust Bel] Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Valley CAE Ind Can Brew Chemcell Col Cellulose -22'A Cal Power 39.00 Coron credit 2.75 C.W.N. Gas Cdn Indust Canda S S Cdn Marconi Cdn Vickers Chrylser CPR Comlnco 10.37V4 Cons Balh 9.75 Cons Gas .11V5 Cdn. W.N. Gas .25 Dlst Sea 7.11 Dom Brldae 35.0714 Oomlar 600 Dom Textile .ffl 3.30 1.45 .31 1.35 .06 .77 .06 07'A 73.50 .12 17 Inl Ultima induEt Accept Laurentide Kelly Doug A Loeb Loblaw A Metro STOW MMsey Ferg McMillan Bloe Moore Corp Molsons A 10.37'A WoBons B 46.25 North, Cent power corp Co Rolhmans st Law Corp Shell CDA Simpson's Simp Seara Selkirk A Texaco Traders Gp A 28.00 Trans Mln pp Trans Can 12.12'A Union Gas 1.25 64.00 25.25 15.50 40.00 3.M 11.00 30.50 Oil versitlle union Car weston's B 14.17'A woodward's A 25.75 West Cdn Sd B.B7'A Zenith Elec BANKS 23.6211 can Imperial Montreal 2.5.00 Nova Scotia 12.00 Royal 24.50 Tor- Dom 14.7S 3J-2S 25-25 17.25 72.00 5.40 81.50 17.00 17.50 2.K J1.50 46.00 21.50 33.25 37.00 ?.00 45.00 21.00 13.00 6.00 3.55 6.Z5 17.00 13.75 41.50 23.1TO 14.50 7.00 7.87'A 11.00 20.12ft 37.00 M.50 31.50 19.00 39.75 11.25 39.75 46.00 4.90 15.75 15 6214 11.1TO 4.55 2.90 39.12V4 20.50 35.00 32.75 New York stocks (Supplied B; Richardson Securities of Canada) Amr T and T Anaconda Beth Slttl ChrysUr Comsat Dupont CM Gulf Int Harvtstcr Kann Copper 45.50 Montgomery Ward 20 Golds 175.14 up 5.94 1662V, 10 Base Met B5.91 up .39 S'd 0" NJ- W Oils M091 up Volum. ".V YORK AVERAGES 30 Indus! 904.SB up 's.OS 20 Rails 25573 up 1.33 15 Utilities 117.01 off 29 15 Slocks 317.22 up 1.33 Volume Texas Co 61.37W Wkkes Corp 4B.OO 1S3.00 Wmlworlh 42.50 81.25 Weslingnouse Elec 45.50 27.00 U.S. Steel 3015 TORONTO AVERAGES U.ITA 20 Indusl 197.20 up 1.40 TERRY TRAILER SALES SHOW and SALE TERRY "WHEREVER THE 4 WINDS BLOW" SATURDAY, JAN. 29 10 A.M.-9 P.M. SUNDAY, JAN. 30 I P.M.-6 P.M. FREE REFRESHMENTS SHOW ONLY COFFEE AND DONUTS PEPSI courtesy Chinook Bottling Juit A of the Exciting Feohini: Floors Sfyrofoorn Sandwich Construction on all models. Aluminum prefabricated sub floor to seal out moisture. Wido Track Alles for greater liability. Largest windows in the industry. Electric Brakes. Standard on all models. Modoh 17 FMt and wind for condWwilUf. Walls 2-inch Construction Best wall in the Indus- try in terms of heat loss efficiency and insulation. Full length 86-inch beds in front Gaucho Model. TODAY, AS FOR THE PAST 10 YEARS, TERRY IS THE FINEST NAME IN TRAVEL TRAILERS. Grain prices Winnipeg Grain WINNIPEG (CP) Rape- ieed prices continued on a fair- ly Btrsog price pattern at the Winnipeg Grain Exchange to- day, as exporters, locals and commission houses aH were moderately active buyers. Flax also was up a few cents as the oilseeds showed price strength because of lower indi- cated soybean crops in the U.S. and the dropping of a spe- cial tax on rapeseed and oil by European commoD m a r ket countries. Trading was quiet in the feed grains and rye was fractionally lower. Volumne of trade Thursday included bushels of flax, bushels of rye, bushels of Vancouver rapeseed and bushels of Thunder Bay rapeseed. MID-SESSION PRICES Flax: May 1% higher July higher 2.60; Rapeseed Vancouver: Jan. Oct. 1% higher 3% higher 2.57V4A; March 3% higher June 2% Mgh- er Sept. 3% higher 2.49A. Bapeseed Thunder Bay: May 3 2.41V4A; July 3 higher 2.41; Oct. Wi higher Oats: May unchanged 6flA; July and Oct. not open. Barley: May unc h a n ged July and Oct. not open. Rye: May Vt lower 1.02A; July Va lower 9914A; Oct. not open. Grain quotes Thursday (basis High Low Close Flax May 260% 259% 260% Jly 257% 257Vi 257V4 Oct 260% 260 260% Rapeseed Vancouver Jan Z55 252% Mar 253 250% 250H Jun 249% 247% 248 Sept 246% 245% 245k Rapeseed Thunder Bay May 239% 236% 2MVi Jly 239% 235% 238 Oct 240% 239 239'i Oats May 68 68 68 Jly 65% Oct 70 70 70 Barley May 108% 108% Jly Oct 109 Rye May 102% 101% Jly 99% 99% Oct -101 Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 28.75, average Thursday 30.15. Red Deer: No sales, aver- age 30.27. Calgary: 23.85, average Thursday 30.40. Jjsthbridge: No sales, aver- age Thursday 30.27. Lloydminster: No sales, av- erage Thursday 29.09. Grande Prairie: No sales, av- erge Thursday 29.85. Total hogs sold 453. hogs sold Thursday averaging 30.18. Costly strike LONDON (Reutert A strike by coal miners, which for the last three weeks has paralyse! Britain's mining industry, wil have cost million by the end of this week, the Nationa Coal Board said Thursday. I added that some of the dosed mines never will reopen. TAURUS "STRONG AS A BULL" BITION PAVILION We need your trades Bank or IAC financing Grain taken as full or part payment. Current allow- ance on wheat bushel delivered. Barley 88c bushel delivered We even take cash You won't b.M.y. It whtn you II. TAURUS thing In travel trall.n. Thru gnat madili II', 30', 31' with bright, fnih and In- Choos. from tins 16 sltsp 6 or 7 p.opl.. Equipped for slrong-os-a-bull ncriotlan with front taucho, range and ev.n, refrigerator, toll.t, showtr and many othor convtnloncts. TAURUS Ih. rt.w travel Iralltr from Fltetwoarf. till toko you you want to go and tho prlct Is roally low. PAST, COMFORTABLE AIR CHARTER SERVICE UK our convenient, write-jrour- own-Khedule air charter service ..for routine busineaa or plcai- ure trips, sudden unexpected emergencies, direct lirllne con- nections. Modem, quiet, com- fortable Piper or twin-engine..flown by expert pilots. Quite often the time a- pensei you save mean real mon- ey savinRi, too. Neit out-of- town trip let us take you in your own personal To schedule a trip or for more de- tails juit phono: LETHBRIDGE AIR SERVICE LTD. P.O. Box ISO Hanger No. 7 Kenyen Field, Lelhbrldis FrMiy, tannery II, THI UTHMIDM MUM It Municipal grants ceiling raise rapped by Notley EDMONTON (CP) The decision by the Progressive Con- servative government .to raise the ceiling on Municipal grants by million was totally inade- quate, Grant Notley, Alberta New Democratic Party leader, said today. "It represents little more than a sop to pub 11 c opinion rather than an honest effort to come to grips with the prob- lems municipalities face is a result of the ceiling in the first Mr. Notley said in a prepared statement. "The new figure of mil- lion is a far cry from the S57 million municipalities would have received had grants been calculated under the old for- mula where one third of royal- ties collected by the govern' 68-year-old Calgary hotel closes doors CALGARY (CP) The Royal Hotel which has served visitors to the city for 68 years will close permanently Satur- day. The building is to be strip- ped of furnishing, which are to be sold within a few weeks, then demolished. The building and others on the block between 7th and 8th Avenues South and 1st and 2nd Streets West are to be replaced by a 37-storey tower built by the Bank of Nova Scotia and Famous Flayers Canadian Corp. Ltd. However, Thomas Shymka, manager of a lounge and din- ing room in the basement of the hotel, said the businesses are to remain open. Dividends By THE CANADIAN PRESS Ashland Oil Inc., 30 cents (U.S.) March 15, record Feb. 14. Barber-Ellis of Canada Ltd., 20 cents March 15, record Feb. 29. Canada Permanent Mortgage Corp., 16 cents April 3, record March 3. Eiton Corp.. 35 cents (U.S.) Feb. 25, record Feb. 7. Interprovmcial Pipe Line Co., 23 cents March 1, record Feb. 7. Lobliw Inc., 10 cents (U.S.) March I, record Feb. 11. MacMillan Bloedel Ltd., 15 cents March 15, record Fen. 14. Southam Press Ltd., 11 cents March 28, record March 14, meat were oud to ties. "Until the provincial govern- ment completely itgtiLstUlix provincial-municipal fuwocei next year, they should revert to the sharing of royattto." Mr. Notley said the fiTJtM to do so is especially dlnp- pointing in view of the opposi- tion the Conservatives mount- ed when the former Social Credit government introduced the ceiling last spring. Wheat price discrimination irks Quebec QUEBEC (CP) Quebec DM reached a point of no-return with grain problems and will consider growing its own wheat if Ottawa does not end price discrimination against eastern- ers, says Gaetan LiiSsier, pro- vincial deputy minister of agrl- culturp Mr. Lussler told students and professors at Laval University'! agriculture department yester- day that he hopes the Canadian wheat board will listen to Quebec's demands. Qu e bee wants the wheat board to end discrimination against eastern farmers who now pay a 27-cent surcharge on each bushel of grain purchased from lie Prairies. One of the obstacles to normal development of Quebec agriculture is the inaccessibility of fodder grain, Mr. Lussier said. The wheat board must permit ail producers to get grain at an equitable price. Egg prices EDMONTON (CP) Week- ly egg and poultry report issu- ed by the federal agriculture department. producers: A large 42; A medium 30; A email 22; C6; cracks 6. To retailers: A large A medium 49 SO; A small S4- 36; B 34-39; C 34; cracks 3J. (two cents extra in cartons) To consumers (in A large 59-61; A medium 56; A small 38-41. producers: Live No. 1 diicken broilers. 22; 6 and over, 5 and under 6, Fowl Under 4, 4-6. Turkey Under 12, 25; 12 to IB. 25; over 18, Live No. 2 19; 6 and over, WA S and under 6, 1914. Turkey Under 12, 22; 12 to IB, 22; over 18, 1954. Here are the ANSWERS for your NEWS QUIZ PART Is 2-b ;3-b; 4-hadminlon and ball; 5-1968 PART II: 1-d; 5-0; 3-e; 4-c; 5-b PART III! 1-a; 2-d; 3-b; 4-c; 5-B PICTURE QUIZ: Edgar J. Benson twice a year, SAFETY all the year when you open a Lombard North Central Deposit Account A Bank Deposit Account with Lombard North Central good mtt of interest, with complete safety for your capital leading to financial peace of mind. Deposits at 6 months' notice of withdrawal earn 6% interest per annum. Tlie rate for deposits exceeding Is subject to negotiation. Interest is paid half-yearly without deduction of U.K. tax and up to can be withdrawn on demand during each calendar year. TIME DEPOSIT ACCOUNTS-Fixed period deposits of and over can earn higher rates of interest. Details are available on request Opening an Account is simplicity itself, so wile now to the Deposit Account Manager for further details and a copy of Deposit Account Booklet No. AO 516. Lombard North Central Offer Lombard House. Cunon Slrttt, London W1A1EU. Englnnd.Tol; 01-499 4111 City OKicn: 31 lorr.imrd Si., London ECJ England Tol: 01-623 4111 Lombard North Control Llmlltd It mombor ol trio National Bnnk Group whoso Capital and Rgsarvgs ixcoed ;