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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 29, 1971, Lethbridge, Alberta hi si\i:ss a 11> v\t i: Stocks decline for fourth day TORONTO (CP) - The Toronto stock market was mixed to fractionally tower in light mid-morning trading today as it appeared headed for a fourth consecutive losing session. On index, industrials dropped .07 to 177.28 and golds .09 to 162.75. Base metals gained .04 to 91.83 and western oils .91 to 302.03. Volume by 11 a.m. was 589,000 shares. A competitive volume figure for the same time Thursday was not available because of a computer error Thursday morning at. the exchange. Weakest' sectors were banks and steels. Gains nudged out losses 106 to 103 with 197 issues unchanged. Dofasbo was down % to $24, Royal Trust V� to $29>/�, Inco Va to *46%, Simpsons y8 to $18, Union Gas V* to $15V4, Canadian Imperial Bank Va to $19%, Dynasty 20 cents to $4.85 and Sher-ritt % to $17%. Western Broadcasting rose 2 to $20, Inland Gas % to $12%, Canadian Industrial Gas % to Japan purchase of sunflower seeds biggest WINNIPEG (CP) - Sale of 22 million pounds of sunflower seeds to Japan, described as the largest export sale of the commodity in Canadian history, has been announced by Federal Grain Ltd. George H. Sellers, company president, said today the con-trctf calls for delivery during the 1971-72 crop year. "The 22 million pounds of sunflowers sold to the Japanese buyers will require 30,000 acres to produce," he said in a news release. He said negotiations have been carried on for two years. Sunflower seeds are used in producing edible oils. $12%, Hudson's Bay Oil and Gas % to $40%, Zellers % to $13%, Hudson Bay Mining V* to $20%, Ranger % to $15 and Asamera % to $16%. MONTREAL (CP) - Papers edged fractionally higher in light early trading today on the Montreal stock market. All other sectors moved lower and the composite index was off .25 to 174.62. Combined volume on the Montreal and Canadian Stock Exchanges was 275,600 shares at 11 a.m. compared with 308,017 at the same time Thursday. Consolidated-Bathurst, off V* to $ll'/4 on volume of 200 shares, reported 1970 net earnings of $1.7 million, down from $11.6 million in 1969. If extraordinary writeoffs totalling $11.6 million are included in the 1970 figures, net loss for the year is $9.9 million, the company said in a statement. Du Pont, off % to $16 in light trading, reported 1970 net earnings from operations of 68 cents a share, down from $1.70 share the previous year. The company also announced it has abandoned plans for a polyester fibre plant in Morrisburg, Ont., because of high capital costs and declining world prices for polyester fibre. Canada Cement Lafarge advanced $1% to $40%, CPR % to ~"J5, Dofasco % to $24% and Koffler Stores % to $11%. Moore Corp. declined % to $34, R. L. Crain % to $14%, Massey Ferguson % to $12%, Asbestos Corp. V* to $33% and Algoma Steel % to $15%. On index, industrials were off .29 to 179.69, utilities .17 to 151.96 and banks .14 to 175.79. Papers were up .09 to 93.57. Mowers wins nomination BONNYVILLE (CP) -Lome Mowers, 29, a school principal, will be Social Credit party candidate in Bonnyville constituency in the next provincial general election. Mr. Mowers defeated William Drake of Grand Centre, a fcrmer and reeve of the Municipal District of Bonnyville, at a nominating meeting Thursday. About 500 voting delegates attended the meet top. The Bonnyville seat in the legislature has been hold for Social Credit since 1961 by Romeo Lamothe, who has announced he does not plan to seek re-election. Mr. Mowers is the son of C W. Mowers, editor and publisher of The Lethbridge Herald. Grain price review NEW YORK (AP) - The stock market, extending the gains made in Thursday's session, made a small advance on a fairly broad front today. Trading was active. At noon the Dow Jones average of 30 industrials, which had been in and out of plus territory during the morning session, was ahead 1.85 at 866.99. Advances on the New York Stock Exchange led declines by nearly 2 to 1. Among Canadians on the NYSE, Mclntyre Porcupine advanced 2 to $137, Hudson Bay Mining gained % to $21, Walker Gooderham was up % to $41% and Canadian Pacific was up % at $68%. Dome Mines fell % to $57%. On the Amex, Molybdenite Canada was off % at $4.13. Winnipeg Grain PricM WINNIPEG (CP) - The strong price pattern that pushed. January rapeseed at Vancouver to the maximum trading limit spread to all Vancouver futures at mid-session on. the Winnipeg Grain Exchange today. Pressure from short - covering and inter - month spreading dominated the rapeseed trading. Exporter and commission house scale - down buying and fairly good hedge offerings kept flax on a fractionally lower level. Oats and barley were steady on domestic shipper and miller buying. Rye had some utter-month spreading and aggressive buying on the scale down. Thursday's volume of trade was 580,000 bushels of flax, 1,-818,000 of rapeseed and 152,000 of rye. Mid-session prices Flax: May % lower 256%A, July % lower 254B, Oct. % lower 256%A. Rapeseed Vancouver: Jan. 15 higher 3.54; March 5% higher 3.10; May 3 higher 2.90%; July % higher 2.82%B. Rapeseed Thunder Bay: April unchanged 2.92%B; June % higher 2.87. Oats: May unchanged 89%A; July unchanged 89A; Oct. not open. Barley: May % lower 1.34%B; July % lower 1.33%A; Oct. not open. Rye: May unchanged 1.19%A; July unchanged 1.17%A; Oct. % lower 1.20%A. Prices for class two wheat Thursday for export to countries outside IGA: 1 nor 1.81%; 2 1.79%; 3 1.74%; 4 1.69; Durum 1.79%; 21.76%; 31.67%; 4 1.63%; IGA prices: 1 nor 1.81% 2 1.79%; 3 1.74%; 4 1.1 1 Durum 1.79%; 2 1.76%; 3 1.67%; 4 1.63%. Grain quotes Thursday (basis Lakehead): High Low Close Flax May 256% 255 256% Jly 254% 253% 254% Oct 257% 255% 257% Rapeseed Vancouver Jan 339 330 339 Mar 307% 304 304% May 291% 288% 288% Jly 282% 281% 281% Rapeseed Thunder Bay Apr 293% 292% 292% Jun 287% 286% 286% Oats May 89% 89 89% Jly 89 Oct 88 Barley May 135 134% 135 Jly 134 133% 134 Oct 129 128% 128% Rye May 119% 118% 119% Jly 118% 117% 117% Oct 121 Friday, January 29, 1971 - TNI IfTHlRIDOl HERALD - 17 Livestock report Lethbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY (CP) - Receipts to 11 a.m., 900 head, practically all replacement cattle and Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doberty, RMdnouse and McCuaig) LAST BID OB SALE (11:00 a.m. Qumm) (11:00 a.m. Quotes WMTIRN OILS {11:00 t.m. Alia East on 4.90 Almlnex S.�S Aumiri 16.50 Banff 12.25 B. P. Oil Can South*T 5.10 Con Exp Gas 4.20 Ashland Grid 11.50 Cdn Horn* 7.35 Cdn Indus Gat 12.50 Cdo Long !� 1.70 Cdn Superior 38.55 Cent Del Rio 12,25 Charter e.65 Chleffan 7.40 Dome Pete (2.50 Dynem Pete 1.16 Gt Plaint 30.75 Mill City 1.59 New Cont .13 North Cdn Oil 7.70 Numac 7.65 Permo .67 Petrol 1.34 Pinnacle .15 Place Gat 1.22 Ponder .58 Ranger 15.10 Scurry Rain 24.37Vi Spooner 1.76 West Deceits . 6.10 1.07 2.55 2.45 .76 5.95 29.00 17.25 11.25 MISCELLANIOUS INDUSTRIALS Potato futures WINNIPEG (CP) - The Maritime potato futures market Thursday had light trade at steady prices. Two contracts were signed. Open High Low Close Mar 2.45A Apr 2.65A May 2.90 2.90B ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK . . . Consign to PICTURE BUTTE AUCTION MART Ideally located in the centra of large caHl* feeding and hog railing area SATURDAY, JAN. 30th at 1 p.m. 300 TO 400 HEAD ALL CLASSES OF CATTLE Alt* . . . 400 TO 500 WEANER, FEEDER HOGS AND BROOD SOWS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOI or JIM JURIS hen* 733-4400 or 732-4441 - Picture Bulla Strike isnt funny LONDON (AP) - The British postal strike went into its 10th day today and, as one newspaper put it, "it's not so funny any longer.*' Last week the absence of mail meant chiefly a welcome absence of bills for most Britons. "I've never wakened up to so many problem-free mornings," said one suburbanite. "For me, this can go on forever." But as the postal workers continue their strike for higher pay and the post office shows no sign of giving ground, the problems are beginning to loom. Mail-order companies are thinking of laying off employees. Small businesses are threatened with bankruptcy. Greeting card manufacturers and sellers are feeling the pinch. Newspapers already in bad shape are losing even more. The operators of football pools are worried. Automatic telephone equipment, which services 95 per cent of the system, is dangerously overloaded. The post office announced Wednesday that it had lost nearly �4 million ($10 million) in revenue. The Daily Telegraph warned that "continuance of the strike can only . . . endanger uneconomic postal services" and lead to widespread layoffs of persons whose jobs are becoming superfluous. Agra Veg 7.75 Atco Indui 9.00 Aquetelne 26.25 Brit Nfld Corp 5.25 Cdn Brew A 30.50 Cdn Brew B 37.75 Cdn Hyd Cerb 16.12>A Cdn Pec Inv 25.75 CPR Pfd 9.00 Crewtnest In 30.00 Cygnut A 6.12'/i Cygnus B �.37Vi Cum Prop 15.00 Ot Cdn Oil Sdt 4.90 Gt Cdn Oil Sdt 100.00 Home Oil A 29.25 Home Oil B 29.00 Horne and Pit 2.20 Hud Bay Co 16.00 Hud Bay Oil 39.871/a Hud Bay Oil 59.00 Hugh Rut Pfd 20.50 Husky Oil Husky Oil B Husky oil War Int Pro Pipe Int Utll Pld Inter Steel Jeff Lake Joutel Kaiser Ret Kam Kotla Leke Ont Pt Ce MGF Manage Mentor Newconex Pee Pele Rank Organ Selkirk Hold Shell Inv Shell Inv Pfd Shell Inv Wtt Sick! Rainier West Cdn Sd White and Yuk CALOARV Aeroll Anac Pete Barons Oil North Cont Plaint Pete West Warner Msdlson Rexdale PIPRLINI STOCKS Alta Gas Tr L A 48.00 Alfa Gas Tr L Pfd 78.75 3.31 5.82 5.25 6.56 3.33 16.37V4 Comnw Lev sot 44.00 Corp Invest 5.32 1.60 Corp In St F 4,|| 12.2S Gr Equity s� 37.23 Gr In Shares 3.30 i.7J Invest Gr lo.JS 11.57 10.I7V4 '"vest Mutuel 5.23 5.72 .95 Mulut Ac 5.12 5.63 t.SO {*"'�� Gr P 4.81 5.29 Nat Res 7,11 7� N W Fin 4,27 469 N W Growth 105 5 35 Principal Gr 3.91 4.29 E�r/.'u'1d. JM S.47 Un ted Ac 4.56 5.01 Universal Sav 7.04 7.74 stock calves. Trade was active. Slaughter cattle sold early were medium and canner cows, prices steady at week's lower level. Medium cows 18 to 19.26, oanners and cutters 15 to 18. Replacement cattle were mainly in the 550-to-750-pound weight range. Stock calves weighted mainly 450-550 pounds. Trade was active on all classes of replacements at generally steady prices. Good feeder steers under 750 pounds 34 to 37.35, more than 750 pounds 30 to 32.40. Good stock heifers 550-650 pounds 30 to 33.30, over 650 pounds 29 to 32.10. Good stock steer calves under 400 pounds 39 to 44, 400 pounds up 37 to 40. Good stock heifer calves under 400 pounds 34 to 36.75, 400 pounds up 31 to 35.35. Good butcher weight calves 31 to 34.75. Hogs base price 21.30 to 21.70, currently 21.30. Travel agencies sale is protested LONDON (Renter) -A deci-sion of the Conservative government to sell Thomas Cook and Son and two other British publicly-owned travel agencies to private enterprise aroused a storm of Labor party protests in the House of Commons Thursday. One opposition member described the move, the first ..... VANCOUVIR 33.12V4 33.37'/i Arctic Mining 14.00 in?.s lxPl�r Beth Copper 3.50 Bornlte_ Ridge. 3.12V4 17.00 Block Bros Brenda M B.C. Sugar �� Capt Inter $JVi Churchill Copper 02 Col Cellulose Coronation Credit Crest For Ind .39 .42 .32 .12 Croyden Dolly Verden Alta Nat Oat Cdn W Nat Gat Inland Nat Gat N and C N and C B Pfd Gaz Metro Gas Metro Pfd A Tr Cdn P Tr Cdn P Pfd Tr Cdn P Pfd A Tr Cdn P War Westcoast Tr Western Pacific MUTUAL FUNDS AGF Special 2.50 All Cdn Com 7.33 All Cdn Dlvld 8.41 All Cdn Vent 3.50 Amr Gr F 5.08 Cdn Invesst F 4.40 Col Mutual 5.93 Dynasty Endako Fort Reliance 25.00 Giant Mascot 16.62>.4 Granlste 12.50 Key Indust 15.75 Growert B 32.50 Hyt 5.00 Interior Brew 63.00 Jericho 34.00 Kamloops Copper 42.50 Lornex 65.00 Madrona 10.50 New Cronln 22.25 New Imp Minn 4.95 Okenagen Hellcop Primer Pyramid (.01 Silver stand 9.19 Texmont 3.83 Trofan 5.5B Western Mlnet 4.82 Westcoast Ret 6.51 Western Explor Comnw Inter 12.04 13.19 Utlca .23 .17 .60 13.1214 .09 4.50 7.75 17.50 16.25 4.05 1.05 7.00 1.30 6.25 .23 ,37 4.95 13.62'A .50 4.25 10.50 .25 2.90 2.35 5.00 .09 .13 6.50 .42 .08 1.31 4.00 .16 .36 1.45 M .26 3.50 13 .30 .50 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quote*) rtl:00 a.m. Quota!) 111:00 a.m. Quota*) Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Alberta Hog Producers Marketing Bocrrf: Edmonton: Quoted and selling 21.55, average Thursday 21.53. Calgary: Quoted 21.30 to 21.70, selling 21.30, average Thursday 21.60. Red Deer: Quoted and selling 21.50, average Thursday 22.24. Lethbridge: No sales. Average Thursday 21.81. Lloydminster: No sales. Average Thursday 21.49. Total hogs sold to 11 a.m. 601. Hogs sold Thursday 9,115, av-21.70. INDUSTRIALS Abltlbl Alcan Algoma Steel Atco Ind Atlen Sugar Bell Tel Brazil Trae B.C. Tel Burns B.C. Forest B.C. Super CAE Ind Cdn Brew Chemccoll Col Cellulose Cal Power Corn Credit! C.W.N. Gat Cdn Indust Canda S S Cdn Marconi ish about safety." The minister for transport tn-dustries, John Peyton, told questioners "whoever acquires Thomas Cook's is going to have to pay a very 6teep price for it." Thomas Cook and Son, founded in 1841, came under British government control during the Second World War. In 1969 it turned in a profit of more than $2.5 million. The other two agencies to be sold are Lunn-Poly and Pick-ford's Travel Service. Legislation is necessary before any deals go through. Regstration figures compiled Cavpn -fimvic by R. L. Polk and Co. Canada ^cvcu All III?1 form new Ltd. show the foreign share of the passenger-car market in 1970 was 24.9 per cent, up from 18.5 per cent in 1969 North American companies sold 120,124 trucks in 1970, off 17 per cent from the 146,256 sold in 1969, The strike at General Motors plants was a major factor affecting the North American industry during 1970 and this shows up in the GM market share. GM sold 30.1 per cent of all new cars registerd in Canada during 1970, compared with 37.9 per cent in the previous year, Market share for the other major North American companies was: Ford, 23 per cent in 1970, 23.1 per cent in 1969; Chrysler, 19.8 per cent in 1970, 18 per cent in 1969: and American Motors, 2.7 per cent in 1970 and 2.5 per cent in 1969, Egg prices EDMONTON (CP) - Weekly egg and poultry report issued by the Alberta Department of Agriculture: Eggs - To producers - A large 39; A medium 33; A small 16; B 19; C 6; Cracks 6. To retailers - A large 51 to 56; A medium 44 to 45; A small 27 to 28; B 33 to 34; C 14 to 20; Cracks 19 to 20. To consumers (in cartons) - A large 55 to 56; A medium 48 to 51; A small 31 to 36. Poultry -- To producers - Live No. 1 chicken - Broilers, 19%. Fowl - Under 4, 5. Turkey - Under 12, 25%; 12 to 18, 26%; over 18, 24. Live No. 2 chicken - Broilers, 17. Turkey -Under 12, 22%; 12 to 18, 23%; over 18, 22. Beef futures WINNIPEG (CP) - Trading on the Winnipeg live beef futures market Thursday was light with some deals at 10 points below previous levels. Wednesday's volume of trade was four. Open High Low Close Mar 32.00 32.00 May 32.00A Earth science meet at Banff New York stocks 20 Gold! 162.75 off .09 Supplied by Richardson. Securities of Canada Amr T and T 53.25 Montgomery Ward 33.00 Anaconda ,,5 ^01. of N.J. Wo � Base Me, 91.95 up Texas Gulf 126.00 Volume 1.095,000 I8,*?8 CS. 33.62ftN�W YORK AVERAGES Wooworth 39.00 30 Indust 866.99 up 1.85 Wesflnghouse Elec 73.37ft 20 Ralls 190.67 up .52 Steel 33.00 15 Utilities 124.30 up .07 65 Stocks 286.73 up .58 Volume 9,500,OM Bth Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester Kenn Copper 53.25 21.25 21.75 26.75 57.00 136.75 80.00 24.62ft U.S. 32.00 TORONTO AVIRAGES 38.50 20 Indust 177.34 off .01 Here ore the ANSWERS for your NEWS QUIZ PART Is 1-c; 2-True; 3-30; 4-b; 5-decrease PART II: 1-d; 2-a; 3-c; 4-b; 5-e PART III: 1-d; 2-e; 3-b; 4-a; 5-c CHALLENGE: Anwar Sadat NATIONAL CONFECTIONERY MANUFACTURER REQUIRES SALES REPRESENTATIVE For LETHBRIDGE and DISTRICT Salary, bonus and car supplied. Personal interviews held week of February 1st. Reply Box 68, Lethbridge Herald Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds off 3-32 to $1.00 25-32. Pound sterling off Y* to $2.43%. NEW YORK (CP) - Canadian dollar up 1-64 at 99 3-16 in terms of U.S. funds. Pound sterling up 1-64 at $2.41%. BANFF (CP) - Lecturers from Britian, Germany, Italy, the Soviet Union and the United States are expected to attend the ninth annual Canadian Conference on Earth Science May M. Conference organizers in the Rocky Mountains resort town said the conference will allow Canadian geologists to keep abreast of new developments in other nations. The conference is sponsored by the Alberta Society of Petroleum Geologists and the University of Alberta extension department. company CALGARY (CP) - Seven companies today announced the formation of Pipeline Engineering and Management Services of Canada, a wholly Canadian engineering consortium. 'PEMCAN" will provide engineering specialists in the areas of extreme climatic, soil and environmental conditions with a proven record of successful completion of northern projects," Techman Ltd. of Calgary, sponsor of the joint venture, announced in a news release. The consortium includes three Calgary firms, Techman Ltd., Mon-Max Services Ltd.. and Mannix Co. Ltd. Others are the Shawinigan Engineering Co. Ltd. and Shawinigan Pryde Flavin, both of Quebec, Tem-pleton Engineering Co. of Winnipeg and Montreal Engineer* ing Co. Ltd. The new company will be based in Calgary. ASHPHALT PAVING T0LLESTRUP SAND and GRAVEL Construction Co. ltd. PHONI 328-2702 - 3274610 DRUG DEPARTMENT MANAGER The Calgary Co-operative Association offert a challenging opportunity for a licented pharmacist to manage a Drugs Department in a modern Shopping Centre. Applicant! should have good merchandising experience and obil-ity to organize and develop talet and customer tervice. Previous department management experience it not essential. This position offer* full benefit* and regular store hopping hour* with an excellent starting salary and annual salary reviews. Pleat* reply in confidence, pertence and salary required tot stating full detail* of ex- PERSONNEL MANAGER CALGARY CO-OPERATIVE ASSOCIATION 8818 MACLEOD TRAIL CALGARY, ALBERTA. n free booklet to answer your questions about Annuities 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 Life offer. They provide an automatic, guaranteed income for life. People have asked ut 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 annuity that will transfer the income to my wife if she outlives me? How do annuities affect my income tax? Is an annuity a practical way of supplementing Canada Pension Plan and other retirement income? To provide you with the answers we have published an easy-to-read, easy-to-underatand booklet called "Annuities... the key to a golden age." It's yours for the asking, without obligation. Just fill in and return the coupon below. And if you would like to discuss annuities with someone, you couldn't find  better � name.....................................I person to talk to than the Man from Manufacturers. I | | address.................................| MANUFACTURERS LIFE | INSURANCE COMPANY | | 210 Prefettlenol tldf., Lethbridge Phone 317-55 U ^ I �4f E. A. "ED" BRUNNER Superviter Business and Personal Estate Planning Res. Phcnc 32! 754* Please tend me, without obligation, a free copy ef I th* booklet: I Annultle*,, the key te a golden age." 1 I I ;