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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 12, 1971, Lethbridge, Alberta Lower market trend continues TORONTO (CP) Prices were moderately lower in light mid-morning trading on the To- ronto stock market today. 1 On index, industrials lost .40 to 178.36, base metals .37 to 9376 and western oils .69 to 231.10. Golds rose .45 to 171.96. Volume at 11 a.m. was shares, down from at the same time Friday. Declines outnumbered a d- vances 108 to 80, with 187 issues unchanged. Weakest sectors were bever- ages, food processing, industrial mining, steel and pipelines. Banking, communication, chem- ical and merchandising issues moved fractionally higher Trading was baited In the shares of Brameda Resources at the request of the company, pending an announcement ex- pected today. The stock closed Friday at a share. Faiconbridge dropped to Premium Iron Ore to Phillips Cables Vt to Fora- Seasons to and Sherritt Vs to Walker-Gooderham was down to Union Gas VB to Inco Vs to Mclntyre 1 to and Canadian Industrial Gas to Bow Vallye rose Vs to International U t i 1 i i i e s to Kaiser Resources to Dome Mines to Asamera to and Rio Algom to 16. Livestock report Lethbridg? Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) On offer to 11 a.m., about 200 head; a mixed offering of slaughter cat- tle and replacements. Trade was active and grades mixed. Slaughter steers and heifers were steady with cows fully steady on sales to 23. Bulls were steady. Choice slaughter steers 31.75 to 32.50, good 31 to 31.75, me- dium 29.50 to 30.75. Choice fers 28 to 23.40, good 27 to 2775, medium 26 to 27. Good cows 21.50 to 22.60, medium 20.25 to 21.25, canners and cut- ters 18 to 20. Good bulls 25 to 27. replacement cattie were practically all fleshy, short- keep steers. Insufficient stock calves offered to establish a market. Good feeder steers more than 750 pounds 31 to 32.50. Hogs base price 20.65.______ Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Iloadhouse and McCuaig) LAST BID OK SALE ByGenc fawcette THERE'S BEEN A BREAK- THROUGH-N TOOTHPICKS! A NEW ONE OF ZIRCONIUM SILICATE IN APLASTIC B.ASE IS SAID TO BOTH CLEAN. AND POLISH FIRST MAJOR ADVANCE IN PICKS SINCE CAVEMEN RRST BEGAN USINS SLIVERS OF BONE... ...ITfttMWfS CAlCULUSANOPOtlSHeS WOODEN STICKS Off LIGHT TRADE MONTREAL (OP) Prices were down slightly in most sec- tors in light trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges was at 11 a.m. compared with at the same time Friday. On index, utilities rose .08 to 153.52 and banks rose .11 to 206.43. Industrials declined .26 to 182.67, the composite .15 to 180.03 and papers .03 to 81.39. CPR was up to Texaco Canada up to and Cana- dian Hydrocarbons up to International Nickel lost to On the Canadian Stock Ex- change, Africana Mining was up two cents to on shares. DJA Up NEW YORK (AP) Stock prices were narrowly higher today in moderately active trad- ing. The noon Dow Jones average of 30 industrials was up 1.97 to 903.77. Among Canadian issues, Mc- lntyre Porcupine dropped to and Inco at Massey-Ferguson was up Vs TO and Granby Mining to On the American Stock Ex- change, Preston dropped to and other Canadian issues gained fractionally. Grain price review Winnipeg Grain WINNIPEG (CP) Rapeseed futures posted high advances on exporter and commission bouse buying strength at mid-session today of Winnipeg Grain Ex- change. The heavy crop buying fol- lowed a Canadian government report Friday on crop estimates which confirmed lower totals than expected. All other commodities were fractionally lower, following a trend to lower prices on the United States markets. Friday's volume of trade was bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: July higher 2.43V4A, Oct. higher 2.49V4B, Nov. higher Dec. Vs higher May higher 2.56B. Rapeseed Vancouver: July 4 higher 3.15B, Sept. 8% higher Nov. 9% higher Jan. 10V4 higher 3.01HA, March 6V4 higher 2.92B. Rapeseed Triunder Bay: Oct. 6Vs higher 3.03A, Dec. 5Vz high- er 2.85B, May W, higher 2.89V4B. Oats: July unchanged 76V4A, Oct. 1V4 lower Dec. un- changed 74y8A, May not open. Barley: July unchanged 120A, Oct. 1% lower Dec. Vk lower May 1% lower High Low Close Flax Jly 243% 242% 248% 248% 247% 247% 246% 246% 255Vi 255% Oct 250 NOV 248% Dec 248 May 256 Rapeseed Vancouver Jly 322 321 321 Sep S17V4 310V4 Nov 309% 3MV4 Jan 3047s 300% 292 307% 303% 297% Rapescefl Thunder Bay Oct 31C 302% 309% 290 Dec 290% May Oats Jly Oct 75 Dec 75 May Barley Jly 120 Oct 116% Dec 116 May 114 Rye Jly 103 Oct Dec 106 aa ttr lunh.l infomalion l.nd la Conadu WiJ., 24S St. Jom.i Slrt.l W, Monlr.nl 136, Canada. Montana bull grand champion OALGAEY (CP) The Ban- gart Charolais Ranch of Rob- erts, Mont., exhibited the grand champion Charolais bull, Anko- nian Abraham, at the Calgary Exhibition and Stampede. Reserve champion bull was from the San Dan Charolais Farms at Erskine, Alta., which also showed the grand cham- pion female. The reserve female came from the Lazy A Ranch of Ers- kine. Rye: July higher Oct. 1% lower Dec. 1% lower Prices for class two wheat for export to countries outside IGA: 1 Nor 1.83; 2 1.81; 3 1.76; 4 173; 1 Durum 2 3 4 IGA prices: 1 Nor 1.83; 2 1.81; 3 1.76; 4 1.73; 1 Durum 2 3 4 74% 74% 119% 115 114% 113% 105% 103% 74% 74% 76 119% 116% 116 114 106Va 105% Pay cuts for top brass a.m. WESTERN OILS minex 5.85 la East Gas 5.05 samera 23.87'A shland Oil Gas 11.37'A P. Oil, Gas 7.05 dn Southern 5.70 dn Export Gas 4.25 dn Homerlead 8.30 dn Home. Pfd. 14.75 dn Ind Gas, OH 11.25 dn Long Is. dn Superior entral Del Rio harler hleftan ome Pete ynemic Pete real Plains ochlel Explor till City Cdn Oil luniac ermo Petrol Binnacle >lcce Gas >onder Ranger >curry Rain. Spooner Total Petrol. West. Decalta 20.50 16.25 43.50 7.35 12.50 7.00 a.m. 3.75 4.12 Corp Invest 5.51 6.03 Corp In St F 5.19 5.68 Dreyfus F U.S. 12.85 14.08 Gr Equity 6.5B 7.23 Gr In Shares 3.63 3.99 Invest Gr F 11.11 12.14 44.00 16.00 6.20 6.95 106.00 1.10 36.00 1.27 1.73 lo'62Vi Invest Mutual .70 1.47 .48 15.25 21.62V; 2.06 7.70 6.40 .74 6.00 .67 2.40 1.90 1.00 5.60 33.00 15.25 37.25 4.75 4.60 13.00 .61 .32 Mutual Ac Mutual Gr F 5.50 Nat Res 7.63 N W Fin N W Gr 5.57 Principal Gr 4.49 Roytund 5.63 Temp Gr 26.92 United Ac 4.3G Universal Sav 7.40 VANCOUVER Anuk Arctic Mining Explor MISCELLANEOUS INDUSTRIES Agra Ind Atco Ind Aquatalne British Nefld Cdn Brew A Cdn Brew B Cdn Hydro Car. Cdn Pacific Inv. CPR Pfd. Crowsnest Ind. Zygnus A Cygnus B Cum. Prop. Gt. Oil Sands Gt. Cdn Oil 6-75 Home Oil A Home Oil B Home and Pit. Hudson Bay Co. Cdn Homestaed 9.12W 8.00 27.00 30.00 36.00 24.87 to 11.25 27.37V) 6.00 12.00 6.20 100.00 34.25 33.50 2.40 19.25 8.30 anoint Hud Bay Oil Pfd 58.00 Cmnw Lev Hu9h Russell Husky Oil Husky Oil B Husky OH War. Inter Prov Pipe inter. Steel Pipe Jefferson Lake Joutel Kaiser Kam Kotla L. Ont. Port Ce. M.G.F. Man. Mentor Newconex pacific wpete Rank Organ. Selkirk Hold. Shell Canada Shell Inv. Pfd. Shell Inv. Wts Sicks Rainier Teledyne West. Cdn. Seed Whitepass Yuk CALGARY Acroll Anaconda Pete Barons OH -w North Cent. -0 Madison -2 West. Warner .3 PIPELINE STOCKS Croyden Alta Gas TLA 43.E7'A Dolly Varden Alta G Tr L Pfd 73.00 Dynasty Alta Nat Gas 22.75 Cdn W Nat Gas 1V50 inland Nat Gas 12.75 N and C 15.75 Pacific Gas Tr 14.00 N and C B Pfd 33.1214 Hys Gaz Metro Interior Brew Gaz Metro Pfd A 66.00 inter Mariner Tr Cdn P 33.12V2 Kamloops Copper Tr Cdn P Pfd B 41.75 Lornex Tr Cdn P Pfd A 62.00 Lytton Minerals Tr P Cdn War 5.25 New Imp Mines WC Trans 26-50 Okonagan Hellcop Western Pacific 6.37TA Plains Pete MUTUAL FUNDS Primer AGF Special 3.06 Pyramid All Cdn Com 8.54 9.33 Silver Standard All Cdn Divld 9.66 10.56 Texrnont All Cdn Vent 3.65 4-20 Trojan Amr Gr F 6.13 6.77 Western Mines Cdn in F 4.60 5.05 WC Res Col Mutual 6.55 7.19 Western Explor Cmnw inter 14.20 15.60 Utka Bath Norse Beth Copper Block Bros Brenda B.C. Sugar B.C. Sugar Pfd Capt inter Churchill Copper Col Cellulose Coronation Credit crestbrook F ind 4.20 .18 .24 6.90 17.1214 3.75 7.15 19.75 16.25 1.20 3.90 .95 Fort RellancB Giant Mascot Granisle Growers B Key Indust 5.JO 10.37V2 3.00 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) MINES Acme CORRECTION Tht deadline for applications for supporting and bit parts with SAVOIR FAIRE TALENT AGENCY LTD. 801A 17th AVS. S.W., CALGARY, ALBERTA Is Wednesday, July 14, 1971 and not ai advertised in Saturday's Herald SORRY FOR ANY INCONVENIENCE Ford dividend DETROIT (AP) Directors of Ford Motor Co. recently de- clared a increase in the auto firm's third-quarter dividend which was set at 65 cents a share. It had been 60 cents a share since December, 1965 The dividend is payable Sept. 1 to stockholders of record July 29. CARPET and LINO (Complete Free Estimates! No Obligation! PHONE 327-8578 CAPITOL FURNITURE "The Carpel House of the South" It's Easy! It's Install A Feastmasier Built-in Barbecue There is one To Suit Every Need The newest thing in barbecnei worlct well anywhere outdoors, cottages, recreation rooms or kitchens. These barbetues are handsomely styled to pleasmgly grace the home-sturdily constructed to provide yeors of service. Anyone can build a beautiful outdoor barbecue with a Feastmasier unit Simply build a shell out of stone, brick or blocks-leave the prescribed opening, slide your Feastmaster into place you're ready to cook. Feaslmaster units are easily removed from the pit for storage or cleaning. VANCOUVER (CP) The lop 60 executives of MacMillan Bloedel Ltd., Canada's largest forestry company, have taken pay of up to 10 per cent for the balance of 1971, Chairman J. V. Clyne said Sunday night. "I cut everybody over by 10 per cent and everybody in the to bracket by five per cent, effective July 1, to the end of the Mr. Clyne said in an interview, "and that includes my pay. "It was important morally that this be done. I felt that when the shareholders were having their dividends cut that the management should do the same in the way of salaries. "I don't want to give the im- pression that we are scared about the future because that isn't so. We are succeeding in holding our own. We have al- ways run a tight ship; we don't have any superficiality." In addition, the Vancouver- based company has eliminatec its central engineering depart- ment of 25 persons, although the net layoffs from this move are not expected to be more than four. The pay cuts at MacMillan iloedel are just part of a gen ral tightening among the man gement and salaried staffs o British Columbia's major fores irms as they face continuini market problems for their prod ucts and declining profits. Directors of MacMillan Bloe- [el in April cut out the nprma 25-ceni second-quarter dividend he first time the company tiai omitted this payout. Profits in the first quarter fel sharply to SI .4 million or seve cents per share from mi lion for the same period of 1970. Advocate Asl Akaitcho Black Bay Bralorne Broulan Bethlfihem Brunswick Cdn Tung Cassiar Central Pat Chimo Conwest Cons Rambler Coin Lake Cochenour Craigmont Dlckenson Mines Denison Mines DPT Horn D'Eldona Dome Mines Donaldfl Discovery Mines East Malartlc East Sullivan Faiconbridge Frobex First Maritlmes Giant Y K Bovls Grsnduc Headway lolllnger Hud Bav M ond S Hydra Ex .40 .06 1.82 .25 17.25 5.B5 2.05 22.50 2.30 1.30 9.65 1.92 .16 .19 9.05 1.25 .29 We Carry a Complete Line of Feastmaster Built-in Barbecues Starting ot low as .50 LANDSCAPE ROCKS PATIO BLOCKS 29" Rocki W lo IVi" In A ,50 Each bag approx. 10 iq. ft. Pir bog 8" X 16" 6 colors ea. SHORT OF CASH? CHARGE ITI CRESTLINE BUILDERS MARKET LTD. "lETHSRIOGE S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" USE YOUR CRESTLINE BUDGET ACCOUNT! 123 30th St. N Phone- 327-5-144 or 327-5110 Jotiet Quebec (err Addison