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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 6, 1971, Lethbridge, Alberta ___Tuesday, July 6, 1971 THE LETHBRIDGE HERALD 13 Industrials down; other slocks up Miscellaneous quotations Livestock Stock markets advance Vancouver, Calgary, Montreal Lethbridge Livestock (Supplied by Doherty, Itoadliause and McCuaig) LAST BID OR SALE 5.90 5.15 30.00 11.50 7.00 5.61 TORONTO (CP) Industrial' Issues posted fractional losses, as prices in other sectors on the Tcronto stock market moved moderately higher in moderate mid-morning trading today. On index, industrials dropped .02 to 180.26. Base metals rose 19 to 93.38, golds .61 to 170.28 and western oils .87 to 222.79. Volume by 11 a.m. was shares, up from at the same time Monday. Advances held a narrow mar- gin over declines, 98 to 95, with 198 issues unchanged. Strongest sectors were me- chandising, steel, real estate and beverages. Dome Pete rose to Eleetrohome to ?40Ti, Mc- Intyre to Asamera Ta to and Toronto Domision Bank to International Utilities climbed to Occidental Pete to Western Realty to Inco Va to and Impe- rial Oil to Sherritt dropped to Falconbridge 2 to Maclean Hunter to and Houston Oils 15 cents to LIGHT TRADE MONTREAL (CP) Prices were up fractionally in mos sectors in a morning of ligh trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchange was shares ompared with at the ame time Monday. On index, banks declined .61 o 204.98 and the composite .01 0 179.91. Industrials advanced 01 to 182.77, utilities .32 to 53.33 and papers .03 to 80.96. Royal Bank rose to Stelco to Banque Cana- dienne Nationale Vt to and Domtar Vs to Bank of Commerce was down to Abitibi to Mont, real Trust '.4 to and Walker-Gooderham to MARKET STEADY NEW YORK (AP) The stock market held steady today, despite the spread of higher prime lending rates among major banks. Many U.S. banks increased the interest charges their big- gest and most creditworthy bor- rowers to 6 per cent from 5% per cent. The noon Dow Jones average of 30 industrials showed a dip ol 0.37 to 889.82. Canadian Pacific gained 1 to and Dome 1 to among Canadians. Hudson Bay was up VB at Mclntyre was off 1 at Massey Vz at and Granbj Va at On the American exchange Brascan was off Vs to Scurry Va to and Molyb- denite 3-16 to 11-16. Jupiter was up Vtt at Grain price review WINNIPEG (CP) Trad- ing i continued in a light volume with prices on a scale-down pattern at mid-session on the Winnipeg Grain Exchange to- day. Vancouver rapeseed had some exporter buying interest but Thunder Bay rapeseed was mostly inactive. Oats and barley had some domustic shipper interest, buy- ing for eastern feeders. Monday's volume of trade was bushels of flax and bushels of rapeseed. Mid-session prices Flax: July lower 2.43. Oct. lower 2.49, Nov. Va lower 2.48, Dec. 2 lower 2.47, lower 2.55. May Rapeseed Vancouver: July 2 lower 3.05, Sept. 4 lower 2.97, Nov. 23i lower 2.88, Jan. Hi lower 2.83, March 3% lower 2.79. Rapeseed Thunder Bay: Oct. 2 lower 2.93, Dec. 2 lower 2.78, May Us lower 2.80. Oats: July Vt lower 76, Oct. 1 lower 75, Dec., May not open. Barley: July unchangec 1.20, Oct. lower 1.16, Dec 2 lower 1.15, May not open. Rye: July not open, Oct. Tf lower 1.06, Dec. lower 1.06 Prices for class two wheat for export to countries outside JGA: 1 Nor 1.83; 2 1.81; 3 1.76 4 1.73; 1 Durum 2 3 1.70is; 4 1.66Vs; IG-A prices: 1 Nor 1.83; 2 1.81; 3 Oct Dec day Oats lly Oct May Barley Jly 120 Oct Snowballs in July CHEBOYGAN, Mich. (AP) Youngsters celebrated tin Fourth of July weekend b. throwing snowballs when work men from a local plant bulldozed two feet of saw dust from a large pile and dis covered four feet of snow. 76; 4 I Durum 1.82% 3 4 High Low Close .Flax ly 243 242% 242% let 249 248V4 247% Mov 24814 248V4 lec 247% 24614 247 Way 256 255 25514 Rapcsccfl Vancouver ly 306% 30414 306% Sep 301 297 29814 vJOV 290 287% 288% an 284% 283 War 280 279 279 Rapesccd Thunder Bay 3ec May Bye Jly Oct 294% 293 29314 279 278 280 280 27914 27914 76'4 75 7614 76% 75 76 75 76 119% 119% 116% 115 llSVi 114% 114% 116 105% 104% 1M% 106% 10514 103% 106% 10514 3.85 7.85 UOO a.m. QuotM> WESTERN OILS Almlnex Alt! East Gas Asamera Ashland Oil B. P. Oil Can Soulh Cdn Exp Gal Home dn Home dn Indus Gal dn Long Is dn superior ent Del Rio harter hlellan Dome Pete 3ynam Pete real Plains ochlet Exp Mill City New Cont North Cdn Oil uuolen i.m. Husky Oil Husky Oil B Husky OH War Inter Pro Pipe Inter Steel Jeff Lake Kaiser Res Kam Kotla -..uu Lake Ont Pt Ce MGF Manage .53 Mentor Newconex 15.37VJ Pac Pete jumac 3ermo Petrol Mnnacle >lace Gas 'onder mokey Snys IT TAKES TEAM- VIORK TO WIN- BMLtAMB.AND l'j TO PREVENT 4 FOREST (IRES; s strike out forest r SPECIAL NOTICE TO EMPLOYERS The Unemployment Insurance Act has become law effective 27 June, 1971. The bulletins that have been sent to all employers are now in effect and the information they contain is confirmed. The Contribution Tables (DIG 465 (5-71) and Table of Contributions Fishing (UIC 465K (5-71) have been approved and are now effective for the transitional period starting on 27 June, 1971 and ending on 1 January, 1972. These were mailed to you earlier. If you have not yet received them, they arc available at your nearest UIC office. Unemployment Insurance Canada Assurance- chomage Canada 4.30 C.SO 103.00 1 02 35.75 1.20 1.59 .72 6.15 9.10 .61 1.21 .61 1.1B 20.25 1.95 7.35 ianger Scurry Rain Spooner "otal Petro West Decalta 6. MISCELLANEOUS INDUSTRIES Agra Indus 9. Atco Indus Aquataine Brit IJtld Corp Cdn Brew A Cdn Brew B Cdn Hyd Carb Cdn Pac Inv CPR Pfd Crowsnest lid cygnus A cygnus B Cum Prop Gt Cdn Oil Sds Cdn Oil Sds Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil Hugh Rus Pfd Rank Organ Selkirk Hold Shell Canada Shell Inv Pfd Shell Inv WIs Sicks Rainier Teledyne West Cdn Sd White and Yuk CALGARY Acroll Anac Pete Barons Oil North Cent Madison West Warner PIPELINE STOCKS Alta Gas Tr L A 43.75 15.37'Xj Corp Invest 5.50 6.01 4325 Corp In S F 5.17 5.65 700 Dreyfus F U.S. 12.62 13.83 12.25 Gr EquitV 6.53 7.17 7.12W Gr In Sharei 3.58 3.9d 10.62Va invest Gr F 11.0912.13 67 Invest Mutual 5.40 5.90 Mutual Ac 5.46 6.00 .70 Mutual Gr F 6.02 2.35 Nat Res 7.54 1 75 N W Fin 4.73 5.20 .91 N W Gr 5.SO 6.04 5.4JJ Principal Gr 4.37 4.79 30.37Vi Royfund 5.60 5.63 22 00 Temp Gr 26.82 29.31 15.25 United Ac 5.32 Universal Sav 7.39 8.12 37.12'A VANCOUVER 17.25 Anuk -20 Arctic Mining .10 Atlas Explor -47 A 55 Bath Norse 1.37 12J5 Beth Copper 16.75 Block Bros 3.EO .75 Brenda 7.75 .29 B.C. Sugar 20.00 05 B.C. sugar Pfd Capt Inter 7.50 26 Churchill Copper 1.30 MVa Col Cellulose 4.25 Coronation Credit Crestbrook. F Ind Aita Gas Tr L Pfd 7187V! Croyden Ala Hat Gas 23.00 Dolly Varden Cdn W Nat Gas 18.00 Dynasty Inland Nat Gas 15.75 N and c 16.00 8.00 pacific Gas Tr 14.00 N and C B Pfd 32.00 550 Gaz Metro 6.55 29.75 Gaz Metro Pld A 66.00 Tr Cdn P 33.75 Tr Cdn P Pfd B -11.00 23.75 Tr Cdn P Pfd A 63.00 Tr P Cdn War 9.60 28.00 WC Trans 26.25 Western Pacific 5.75 MUTUAL FUNDS AGF Special 1200 US IMOCt Al Cdn C 3300 All Cdn Divid S> All Cdn Vent 235 Amr 'Gr F 18 B7IA Cdn Invest F 4700 Col WlSlual ?1M Crnnw Inter 20.62% Cmnw Lev Fort Reliance Giant Mascot Granisle 1 Growers B Key Indust Hys Interior Brew Inter Mariner Kamloops Copper Lornex .O..J Lytfon Mineral! New Imp Mines okanagan Helicop Plains Pele B.35 9.14 Pyramid 9.45 10.33 Silver standard 3 72 4.06 Texmont 6.00 6.59 Trojan 4 59 5.09 Western Mines 6.45 7.0B WC Res 14 05 16.dd Western Explor 3.71 4.03 Utica Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. QuetMl HUM QUOIM) a.m. Quotw) MINES Acme Advocate Asb. Akaitcho Black Bay Bralorne Broulan ilhlehem ui Canada Tung. Casslar Central Pat Conwes! Cons. Rambler Coin Lake Cochenour Craigmorit Dickenson Mine Denison Mines Deer Horn D'Eldone Dome Mines Dona Ida Discovery Mines East Malartlc East Sullivan Falconbridge Frotcx First Maritlmes Giant Y K. Bovls Granduc Headway R.L. Hollfnger Hudson Bay M-S 22.25 Hydra Ex. iron Bay Noranda .17'A Northgate 2.25 Norlcx .43 Opemlska .06Va Oslsko 1.77 Patino .35 Pine Point 16.50 Placer Dev. 5.90 P.C. Exp. 2.15 Rayrock Radiore 2.45 Rio Algom 1.19 Roman Corp. 9.65 Sherrilt Gordon 1 95 Silver Miller .131A Steep Rock .33 Tck Corp. 8.75 Texmont 1 OS Upper Canada 25.00 Western Mines 06 Wright Har. .52 Willroy 62 25 Windfall Yellowknife Br. Abltibl Alcan Algomfl Steel Aico tnd Allan sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C Sugar CAE Ind 10.75 30 21.00 1.05 3.20 111.25 .24 1.10 8.25 1.95 8.50 39.50 1.00 7.00 ISO Joliet Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langls Sliver Madsen R.L. Malartic G.F. Martin McNeely Maybrun Maclntyra Meta Midrlm Intern Mogul New West Home New Athona New Calumet New Imperial .36 chemcell 8.10 Calgary Power .31 Col Cellulose 19 00 Coron credit 2.90 C.W.N. Gas 09 Cdn Indust Bl Canda S S 76 Cdn Marconi 9.50 Cdn vickers 14 Chrysler 12.50 CPR Comlnco Cons Bath 11 62Va Cons Gas 8.75 Dlst Sea Dom Bridge Domtar Dom Textile .77 Dom Stores Dome Pete Dofasco CAB Fd ot Amer Gt Cdn Oil ii.uu Gen molars 29 6Wi Gt Lakes Pap Gulf Oil Cda 1 04 Greyhound 1.26 Hawker Sid 28 Huron, Erie 16.00 Hiram Walk 660 Imperial Oil 17.25 Imperial Tob Int Nickel 225 Int Pipe 6.50 Inv Gp A .5? Int Utilities 2 00 Indust Accept i Ijaurentide Kelly Doug A Locb Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp 22 Molsons A Molsons B 8 00 North, Cent 7 so Power Corp 46.62'A Price Co 1B.62VS Rothmans 64 00 St Law Corp 1312% Shell CDA 19.62VI Simpson's 20.00 Simp Sears 4 55 Steel of Can 7.12'A Selkirk A 95 Texaco 27.50 Traders Gp A 4.20 Trans Mtn Pp Trans Can Pp Union Gas union on Versatile Mfg tf.lrf Wesieel Union Car 57.62W Weston's B 62 Woodward's A 23 50 West Cdn Sd 9 25 Zenith Elec 31.00 BANKS 53.25 Can Imperial U Montreal Nova Scotia 17.25 Royal 13.00 Tor-Dom 1.15 11.00 13.00 32.05 3.15 103.50 24.25 12.87V 63.00 6.15 80.25 16.00 22.621 14.25 2.80 21.25 36.62' 25.121 19.50 38.00 2B 37', 8.12! .52.25 IB.50 8.62' 5.37! 3.60 5.62' 40.50 10.37' 23.75 36. W1 18.62' 18.00 16.00 5.25 7.871 11.50 19.00 36.50 20.25 25.12 25.50 14.75 33.00 13.25 23.37 33.67 16.00 -16.00 4.55 12.00 17.50 17.25 24.00 .1.55 1.50 23.25 15.87 26.75 26 37 25.50 New York stocks Suppb'ed by Richardson Securities of Canada T and T Anaconda Beth Steel Chrysler Comsat Duporit GM Gulf Int Harvester Kenn Coppei 4525 Sears 88.12% 20 Golds 170.81 up 1. 1875 Std Oil ot N.J. 79.00 10 Base Met 93.61 up .4: 2300 Texas Gulf llfi-75 15 W Oils 222.68 up .7s. 15.2T to 18; heavy feeders ver 130 16 to 22.75. All prices per head. Light feeders under 100 Ibs old from 15 to 18 per cwt leavy feeders over 100 Ibs. 1 o 16" per cwt. Calgary livestock CALGARY (CP) On offer o 11 a.m. today about lead; mostly mixed grades of slaughter cattle, including a arge offering of cows. Trade was fairly active. Slaughter steers were S.Z5 ower; heifers were steady; cows were unevenly steady ..._i a weaker undertone; bulls were fully steady. Choice slaughter steers 31.75 to 32.40, good 30.75 to 31.75, medium 29.50 to 30.75. Choice heifers 28 to 28.30, good 27 to 28, medium 26 to 27. Good cows 21.50 to 22.50, medium 20.25. to 21.25, canners and cut- ters 18 to 20. Good bulls 25 to Replacement cattle were mostly heavy fleshy steers and heifers selling st steady prices. No stock or slaughter calves of- fered. Good feeder steers irore than 750 pounds 31 to 33. Good hei- fers 575 pounds and more 27.50 to 29. Hogs base price 20.40. By PETER LEICIINIT7. Canadian Press Staff Writer Canadian stock markets posted moderate advances dur- ng the first half of the year, re- covering some of the losses suf- ered during the sharp decline of 1970. The upward trend, however, was not as strong as some ana- ysts had predicted. Adecline in first-quarter earnings by several major COITT- lanies, accompanied by divi- lend cuts or omissions and the freeing of the dollar, hindered Ihe upward trend. A drop in interest rates dur- ing the first quarter, which some investors took as an end to the government's tight-money policy, pushed prices higher. During the second quarter inter- est rates edged upward again, resulting in "corrective phases" on all markets and prices moved moderately lower. High unemployment continued to have an adverse effect on the market. VOLUME WAS UP On the Montreal and Cana- dian Stock Exchanges, com- bined volume for the first half was 193.4 million shares, highest first-half volume since 1965, and up from 130.6 million last year. Total dollar value of shares traded during the first half was a record S985.7 million, up from imllion in 1970. The composite index rose 7.14 points during the six months, closing at 179.87 compared with 176.04 on June 30, 1970. It reached a high of 185.16 and a low of 171.78. On the Toronto Slock Ex- change, volume for the first six months was 309.2 million shares, up from about 2G9.7 mil- ion during the corresponding >eriod last year. Total dollar value o( shares traded was million, up about 20 per cent from Si .87! .3 million a year ago. It was the second-heaviest dollar volume on record. The industrial index, prime indicator of market movement, closed at 180.72, up 7.13 points during the six months. It reached a high of in mid-April and a low of 173.31 Jan. 4. Golds posted sharp advances during May at the height of the international money crisis. Some speculators believed pres- sure on Uie U.S. dollar would result in the U.S. raising its fixed price for gold. When this failed to m a t e r i a 1 i z e, gold At the Winnipeg Stock Ex- change, volume was shares, for a dollar value of This compared with a volume of and a dollar vsluc of S444.G64 a year ago. i A spokesman for the ex- change said much of the trading this year was in penny mining stocks. Calgary reported a drop in I both volume and dollar value during the first half. Volume was 13.15 million shares, down from 15.23 million, an'l. dollar value was mil- lion, down from million. Vancouver Stock Exchange volume was up sharply to 342.3 million shares [or a dollar value of million, compared to a volume of 241.2 million shares with a value of ?256 million dur- ing 1970. failed to m a t e r i a 11 z e, gora stocks lost most of their vcnces. The gold index closed at; 170.18, up 8.02 points. In mid- May it touched a high of 201.10. i UJ..HA< The base metal index climbed 2.67 points to 93.47. The western oil index, subject to extreme fluctuations, climbed 25.24 points to 218.25. Beef futures WINNIPEG (CD Live beef futures Monday: war Jly Sep Nov Open Low Close 33.00 3I.25N 31.25 Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds up 1-32 at 1.02 9.31. Pound sterling down at 5-16. Gang clashes with police hi station ST. BONIFACE, Man. (CP) Ton men have been charged with causing a disturbance af- ter members of a gang entered St. Boniface police station early today and clashed with police. Police Chief Francois Muller told a news conference the men, ranging in age from 17 to 30, were charged after what he called "an ugly confrontation" at the station. He said the clash came an hour after after pllice sent two cruiser cars and four officers to the scene of a bonfire in a field in northeast St. Boniface. Som5 residents had complain- ed. He said there 25 to 35 youths around the fire and more in the immediate vicinity, with six or eight motorcycles and a car. 31.37'A U.S. 28.00 33.75 30 Indust 890.19 U.C 20 Rails 216.20 up .50 TORONTO AVERAGES Sf --r, u Montgomery Ward 38.37'A 20 Indust 180.19 olf .09 Volume Disease hits horses MEXICO C1T Y (Reuter) An outbreak of equine encepha- litis has hit areas of northeast- ern Mexico along the border with Texas, killing more than horses in the last 20 days and putting more than 40 per- sons in hospital. By Gene Fawcette TURNING A DESERT INTO A' FOREST IN 5 YEARS MAY SOUND IMPOSSIBLE, BUT THE j PLANS RAVE ALREADY BEEN A CANAL THROUGH 1CQCXC ACRES IN WASHING- TON STATE WOULD CARRY NUCLEAR POWER PLANT CCCL- INS WATER TO FAST-GROWING- COTTONWOOD AND FftOMSIUmK-COUlDKfef AH ADJACENT PUIPMIU BRUSSELS (Reuter) Sa- bena, the Belgium national air- line has extended its cheap youth fare system on North At- lantic flights to its Brussels- Montreal service, it was an- nounced today. It was the latest move in the price-cutting war between scheduled airlines to increase their share of North Atlantic traffic. Sabena already operates youth fares between Brussels and New York. The question of North Atlantic tariffs applied by scheduled air- lines, faced with increasing competition by charter compa- nies, is being discussed at a meeting of the International Air Transport Association in MonU real. A spokesman for Ah- Canada here said that they introduced the youth all young" people up to 26 years and to 30 years for tween Brussels and Montreal June 18. Landlord, tenant board set up EDMONTON board which will attempt to act as an arbitrator on differences between landlords and tenants was approved by city council. The landlord and tenant ad- visory board, authorized under recent provincial legislation, has no power to control rents. Members will be appointed and serve without pay. Potato futures WINNIPEG (CP) Maritime potato futures Monday: Nov Aug May Open High Low Close 2.25 2.65 2.70 3.10 A diversified Sparwood sales and distributing firm dealing in mine ond related mechanical and hydraulic equipment REQUIRES A WAREHOUSEMAN Duties will consist of receiving, shipping, Invoicing ond main- tenance of proper slocV control. Successful applicant must be in good health, possess driver's license and be faondoble. Salary negotiable commensurate with education and ex- perience. Only experienced applicants will be considered. Send complete handwritten resume stating education, fX- perience, salary expected with referencei to A. B. WELLS, Chartered Accountant Box 426, Blairmore, Alberta. Fried chicken outlets back in business PRINCE GEORGE, B.C. (CP) Fried-chicken outlets iii the Prince George area are open again and stocked with Alberta chicken. The two take-out operations closed Sunday following sei- 7ure of about 400 chickens Fri- day by the B.C. Broiler Mar- keting Board which says the franchise operators are con- travening B.C. marketing reg- ulations by using chickens im- ported from Alberta. Henry Duscherer, manager of the Prince George opera- tions, said Monday an over- night shipment of broilers from Alberta replaced the seized chickens. .But he said he has a supply of lower mainland chicken on hand in case there are any fur- ther seizures. prices EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton 20.25, Monday 20.G7; Red Deer 20.35, Monday 20.71; Calgary 20.40, Monday 20.79; Lethbridge no sales, Monday 20.61; Lloydminslor no sales, Monday 20.14. Total hogs sold Monday 5M, average 20.68, sows aver- age 12.31. JOIN IN THE FUN AND EXCITEMENT OF CHUCKWAGON RACES AND RODEO THURS., FRI., SAT.-7 P.M. STAGE SHOW GRANDSTAND WON., TUES., WED. AT .PM. CASINO Open Doily 12 noon to 2 a.m. ROULiTTE, BLACKJACK, CROWN AND ANCHOR, ETC. WHOOP-UP COMPOUND CHILDREN'S ZOO AND THE WORLD" EXHIBITS GALORE ARTS, CRAFTS, COMMERCIAL AND AGRICULTURAL GIANT PARADE MONDAY, 9.30 a.m. HON. PARADE MARSHAL LT. -GOV. GRANT MacEWAN GATE ADMISSION To all activities on grounds including horse races: Children-7-14-50c Under 7-Free GRANDSTAND ADMISSION Stage Show Chutkwagon Races Rodeo Reserved Seats 1.50 and 2.00 Hush 1.00 Whoop-up Package 5.00 in Lethbridge JULY thru BEER GARDEN OPEN DAILY FROM 12 NOON THE IRISH TRAVELLING PEOPLE Mon., Tucs., Wed. from 5 p.m. TABER POLKA BAND Thurs., Fri., Sat. from 5 p.m. ADMISSION SI.00 YOUTHARAMA Coffee House Open Daily from 2 Tucs. ond Creation p.m. Fashion Wed., Fri. at 7 p.m. Open Air mtfl THOROUGHBRED HORSE RACES Daily 2 p.m. EXHIBITION RACETRACK PARI-MUTUEL BETTING Horses from Montana, Idaho anil Western Canada THOMAS SHOWS MIDWAY RIDES SHOWS GAMES FUN ;