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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 19, 1971, Lethbridge, Alberta Monday, July If, 1971 THE LETHBRICGE HERALD 17 Fractional drop in market prices TORONTO (CP) Prices on the Toronto stock market edged fractionally lower in moderate mid-morning trading today. On index, industrials were down .35 to 176.90, base metals .07 to 93.37 and western oils .16 to 232.85. Golds rose 2.51 to 175.16. Volume by 11 a.m. was shares, down from at the same time Friday. Declines outnumbered a d- vances 95 to 84 with 159 issues unchanged. Weakest sectors were pipe- lines, communication, trust and loan and oil refining. Fifteen of the industrial index's 17 sub- groups were lower. Utility and chemical issues posted fractional advances. Interprovmcial Pipe Lines was down to Falcon- bridge to Irwin Toy to CP Ltd. to and Peel-Elder to Bow Valley dropped !4 to Imperial Oil Vs to Inco Vt to Bethlehem ?i to Royal Trust to and Kaps Transport Vt to Aquitaine was up to Aimco 14 to Hudson's Bay Oil and Gas Vt to Tara to and Royal Bank Va to Numac rose to Price 'is to Alcan to Bank of Nova Scotia to Seagrams to and Gulf Vt to Stocks 2 p.m. MONTREAL (CP) Prices were down slightly in light trad- ing on tiie Montreal stock mar- ket today. Combined volume on the Montreal and Canadian Stock Exchanges at 1 p.m. was 720.000 shares compared with at the same time Friday. On index, the composite fell .05 to papers .45 to 79.53 and utilities .35 to 152.23. Banks rose .23 to 206.12 and industrials were unchanged at 182.03. CP Ltd. was down to Falconbridge to and Royal Trust to Canadian Vickers rose to and Dominion Textile to On the Canadian Stock Ex- change, Africana Mining fell nine cents to on shares. ByGftnt AN INSENIOUS SVSTEM TO PREVENT THEFTS WOJLD SWCWICH AN IDENTIFICATION CODE IN SPECIAL FLUORESCENT MATERIAL BETWEEN THE WIND- SHIELD SAFETY GLASS LAYERS. THE CODE, INVISIBLE IP THE EYE, COULD BE DETECTED BY SPECIAL INFRARED SENSORS... 2.V37 1m intomctici Mcntrtol DJA OFF NEW YORK (AP) Stock prices retreated on a broad front today while many inves- tors sat on the sidelines. The neon Dow Jones average of 30 industrials was off 4.38 at 884.13. Declines on the New York Stock Exchange led ad- vances by nearly 2 to 1. Canadian issues were frac- tionally lower, with the excep- tion of Distillers Seagrams, which added to and Alcan, up to On the American Stock Ex- change, Jupiter Corp. lost Vt to and Molybdenite was up at Livestock Lethbridge Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) On offer to 11 a.m., about 216 head; mostly slaughter cows and steers. Trade was active. Slaughter steers generally lacked condition and sold at steady prices; heifers were scarce with prices fully steady; all classes of cows were steady with some sales to 22.80; bulb were steady. Choice slaughter steers 31.75 to 32.20; good 30.75 to 31.75, medium 29.50 to 30.50. Choice heifers 27.75 to 28.40, good 27 to 27.75, medium 26 to 27. Good cows 21.50 to 22.50, medium 20.50 to 21.50, canners and cut- ters 19 to 20.50. Good bulls 25 to .26.50. All classes of feeder and stock cattle were active at steady prices. Good feeder steers more than 750 pounds 31 to 32.75. Good feeder heifers 27.50 to 30.50. A few heavy stock steer calves 33 to 39, with light-weights to 55. Hogs base price 21.15. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 21.10, average Friday 20.83. Red Deer: 21.10, average Friday 21.08. Calgary: 21.15, average Fri- day 21.16. Lethbridge: No sales, aver- age Friday 20.93. Lloydminster: No sales, av- erage Friday 20.60. Total hogs sold SmoA-ey Says: WILDFIRES WASTE RESOURCES -QsT MONEY! Help PrtMnt All Wildfirti MR. INVESTOR Here is a Money Maker 100% Occupied A NEW 12 PLEX 5 suites fully suite has and Stoves. Located at 2104 15th Avenue North. For complete details call MEIBA HEPPLER at HAY REALTY LTD. COLLEGE MAIL 327-7077 EVENINGS 327-3558 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, itoadhause and McCuaig) LAST CID OR SALE Business review Almlnex Alta East Gas Asamera Ashland BP Oil Gas Can South Cdn Ex Gaj Cdn Komestd Cdn Homt Pfd Cdn Ind Gas Oil Cdn Long Is Cdn Super Cen Del Rio Charier Chieffan Dome Pete Dynamic Pete Gt Plains Lochfel Mill City New Cont North Cdn Oil Nurnac Permo Petrol t.m. ttuolen m.m. WESTERN OILS Husky Oil 17.00 Corp In St F 5.11 5.58 4400 Dreyfus F U.S. 12.67 J3.B8 7.60 Gr Equity 6.56 7.20 Gr In Shares 3.63 3.99 Invest Gr F 11.01 12.04 9.50 Invest Muiual 5.36 5.66 ,75 Mutual Ac 5.49 6.04 6.00 Mutual Gr f 5.41 5.95 .67 Nat Res 7.57 B.37 N W Fin 4.72 5.19 2.35 N W Gr 5.53 6.08 Principal Gr 4.H 4.86 Roy fund 5.62 5.65 Temp Gr 27.07 29.5B United Ac 4.B5 5.33 Universal Sav 7.35 8.08 6.85 Place Gat Ponder Ranger Scurry Rain Spooner Total W. Decalta MISCELLANEOUS INDUSTRIES Agra ind Atco Ind Aquatatne Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn OH S Gt Cdn Oil 6-75 Home A Home B Home Pltfld Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd 58.00 Hugh Russell 19.75 Husky Oil 5.80 Kinky Oil B 5.00 Husky Oil War 22.00 Inter Prov Pipe 12.75 Infer Stec! Pipe Cdn Occidental .70 Joulet Kaiser Res .70 Kam Kotia .75 take Dufault L Ont Port Cem .66 MGF Manage 42.75 Menlor Newconex A.20 Pacific Pete 67.0 Rank Org 105.50 SelK Hold 1.08 Shell .Can 3rf.OO Shell Inv Pfd 1.30 Shell Inv WIs 1.67 sicks Rainier .72 Teledyne 7.80 West Cdn Seed 10.1 Whits Yukon .63 CALGARY Acroll Barons Oil North Cont .03 Madison .26 West Warner .36 PIPELINE STOCKS Alta Gas Tr L A 44.00 Alta Gas Tr L Pfd 73.00 Alta Nat Gas 23.00 Cdn W Nat Gas 18.00 2.00 .95 5.50 33.75 22.00 15.50 37.75 VANCOUVER 1.35 .62 1.40 .49 15.25 20.50 2.00 ____ Anuk 37 Arctic Mining 17.87W Atlas Explor Bath Norse 4.50 Beth Copper A 50 Block Bros 12.87W Brenda B.C. Sugar .61 B.C. Suqar Pfd Capt Inter Churchill Copper Col Cell Coronation Cre Crest For Ind Croyden Dolly Varden Dynasty Reliance .23 .06 .46 1.55 16.62V2 3.30 7.10 20.00 16.50 8.50 1.05 3.90 1.00 4.60 .IB 26 Inland Nat Gas Giant Mascot 9.12'A N and C 15.15 Pacific Gas Tr 14.00 38.00 N and C B Pfd 32.25 S.6VA Gaz Metro 6.00 30-00 Gaz Metro Pfd A 66.00 35.50 Tr Cdn P 33.25 1600 Tr Cdn P Pfd B 40.00 23.50 Tr Cdn P Pfd A 62.25 Tr P Cdn War 9.40 27.50 WC Trans 26.75 6.00 6.25 12.00 6.10 100.00 19.50 Granisle Growers B Key tndusf Hys Interior Brew Inter Mariner Kamloops Copper Lornex Lytton Minerals New Imp Mines 2.75 .24 2.05 4.75 .76 8.55 2.02 .85 Western "Pacific 6.37% Okanagan Hellcop 5.00 MUTUAL FUNDS Plains Pete .28 AGF Special 3.02 Primer .10 All Cdn Com 8.50 ?.29 Pyramid .63 All Cdn Divid 9.61 10.50 Slver Standard 1.41 All Cdn Vent 3.BO 4.15 Stampede Int Res 1.05 34 00 Amr Gr F 6.05 6.64 Texmont '.58 2.30 Cdn In Fund 4.54 4.97 Trojan ,43 Col Mutual 6.51 7.15 Western MnfiS 3.25 Cmnw Inter 14.08 15.47 WC Res .08 Cmnw Lev 3.74 4.11 Western Explor Corp Invest 5.48 5.99 Utlca .31 Toronto mines., industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotil) MINES Acme Advocate Akaitcho Black Bay Bralorne -16V: 2.10 Broglan Bethlehem Brunswick Cdn Tung. Gassier Central Pal. Chimo Conwest Cons. Rambler Coin Lake Cralgmont Dick. Mines Denlson Mines Deer Horn D'Eldona Dome Mines Dona Ida Discovery M. East Malartrc East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Bovis Granduc Headway R. L. Hoi linger Hudson Bay M 5 Hydra Ex. Iron Bay Iso Jollet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langls Silver Madsen R. L. Malartic G. F. Martin McNee. Meta Midrim Intern New Athona New Calumet 1.75 .35 U.02V2 5.50 2.02 22.75 2.12 1.25 9.65 1.85 8.75 7.15 24.50 .06 .50 9.00 .99 1.05 3.15 99.50 .23 1.05 8.70 1.85 6.75 40.50 21.00 .22 JO .08 94.00 .13 .22 Vi 10.75 '.22 tll.-QO a.m. OuuTesl New Imperial .84 Norsnda 34.00 Northgate 9-75 Norlcx Opemiska Patino Pine Point P.C. Exp Rayrock Rio Algom Roman Corp Sherritt Gordon Silver Miller Steep Rock Teh Corp. Texmont West Mines Windfall Yellow. Bear Zenmac INDUSTRIALS 10.75 21.50 20.00 1.03 1.25 15.75 6.25 16.00 .07 2.17 6.15 .58 .11'A 5.80 Abltlbi Alcan Algoma Steel Atco Ind Allan Sugar Bell Tel TI-BC B.C. Tel Burns B.C. Forest B.C. Suoar CAE Ind Cdn Brew Themc-MI Col Cellulose Cal Power Coron Credit C.W.N. Gas Cdn indust Canda s S Cdn Mf-conJ Cdn Vlerters Chrvsler CPR Cominco Cons Bath Cons Gas Disf Sea Dom Bridge Domtar Dome Pete Dofasco CAB 7.00 20.75 12.75 7.50 7.25 46.00 19.75 46.25 13.25 19.25 20.00 4.4D 6.R7V2 5.00 3.90 27.00 1.05 11.75 33.35 3.00 26.00 62.75 22.75 fi.75 21.50 53.12W 13.00 13.50 105.00 24 00 13.12V3 Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil IAAASCA Int Nckel Int Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Lceb Loblaw A Metro Stores McMillan Bloe Moore Corp Mclsons A Molsons B North, Cent New W Homes Power Corp Price Co Rothmans St Law Corp Shell CDA Simposns Simp Sears !r-nl nf Tan Selkirk A Traders Gp A Trans Mtn Pp Trasn Can Pp Union Gas Union Oil Versatile Mfg Union Car Weston's B Woodward's A West Cdn Sd Zenith Eiec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 65.00 79.75 16.12'A 24.25 14.12' 2.75 51.75 37.00 19.75 34.37VI 27.75 8.12W 37.75 18.00 5.37'A 3.90 5.62V2 42.00 10.62Vb 23.75 36.87Vi 18.00 1B.25 34.00 5.50 7.50 11.25 19.00 37.75 20.12V'a 24.75 25.00 15.50 33.00 13.37'A 23.75 33.35 44.50 4.35 17.75 17.50 23.25 4.50 .10 Vi 22.75 15.75 26.1? V? 25.75 New York stocks Supplied by Richardson Securities of Canada Amr T and T Beth Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper 88.12W 20 Golds 174.98 up 2.33 N.J. 77.75 10 Base Met 93.30 off 1.14 17.25 15 W Oils 232.13 off .SB 35.00 Volume 43.87'ANEW YORK AVERAGES 49.25 30 Indust 8B4.13 off 4.30 .32Vn Westinghouse E'ec 20 Rails 215.17 off 2.00 27.37V2 U.S. Steel 31.12Vi 15 Utilities 118.32 off .13 31.50 TORONTO AVERAGES 65 Stocks 297.78 off 1.46 44.75 Sears IB.iO Std Oil of 25.S7V1 Texas Gulf 70.00 Texas Co 142.00 Wicks Corp Woolworth Montgomery Ward 35.87% 20 Indus! 176.66 off .37 Volume Grain price review Winnipeg Grain WINNIPEG (CP) Trading was light in ail commodities at mid session on the Winnipeg Grain Exchange today. Prices in most commodities were un- changed to fractionally lower. Rapeseed prices, as much as 4% cents lower, were taken by exporters on a scale down pat- tern. Oats and barley had quiet trade while rye posted fraction- al declines. Flax had some exporter buy- Ing on a slightly higher price pattern. Mid session prices Flax: July higher 2.43A, Oct. higha' Nov. 'i higher Dec. higher May -li higher Rapeseed Vancouver: July ,'2 tower 3.2972A, Sept. lower Nov. lower Jan. 2Vi lower 3.017s, March 2% lower Rapeseed Thunder Bay: Oct. lower S.WV-iA, Dec. 1 lower May IVt lower 2.9314A. Oats: July unch Oct. uncli 75B, Dec., may not open. Barley: July V4 higher 1.20A, Oct. Vs higher 1.15UB, Dec. may not open. Rye: July I'.i lower 1.0574B, Oct. 114 lower 1.07'AB, Dec. lower 1.07B, May 1.07B. Prices for class hvo wheat for export to countries outside IGA: 1 Nor 1.823s; 2 1.8074; 3 4 1.7274; 1 Durum 1.82-Ti; 2 3 1.70'i; 4 1.MW1; IGA prices: 1 Nor 1.8274; 2 1.807s; 3 1.7574; 4 1.7274; 1 Durum 2 3 4 Flax Jly Oct Nov Dec May High 243 248U 247'i Low 247 Close 242V4 247-i 24W.I Rapeseed Vancouver Jiy Sep Nov Jan Mar 332% 316 308% 304 295 327% 312 304% Rapeseed Thunder Bay 307 289 303% 287Vi Oct Dec May- Oats Jly Oct May Barley Jly Oct 11574 Dec May Rye Jly-------------- Oct Dec May 106 !4 328 312'i 299% 291V4 f 303% 294% 74% 75 76 120 114% 105% 106% 107 Aerospace industry outlook is grim year, due mainly to By IRVING C. WHYNOT Canadian Press Business Editor The difficulties being faced by Canada's faltering aerospace in- dustry are not peculiar to this country. Its the same just about everywhere. When a giant such as Lock- heed in the United States finds itself in financial trouble, it is a sure sign of basic underlying problems in industry as a whole. What it boils down to is whether' a country as big as Canada can really support an industry of the size that has been in operation for the past 10 years or so. The peak year for Canada's aerospace industry was 1967 when production totalled about million. About half of that production went to fill Canadian defence orders. Another million went to the U.S. ORDERS DECLINE Last year, production wa: down to million and U.S. orders had fallen off to mil- lion. This ____ fewer orders from the U.S- as it pulls out of the Vietnam war, and cuts in Canadian defence spending' the picture will be even worse. Layoffs have been the result. Faced with these dwindling sales, de Havilland Aircraft of Canada Ltd. has announced it will lay off between 600 and 700 workers by the end of the year. Canadair Ltd- has already laid off of its employ' ees and the layoffs continue at about 50 a week. United Aircraft of Canada laid off about 600 workers earlier this year. Some predict that total em- ployment in the industry in North America will fall to its level of 10 years ago about UNEMPLOYMENT GROWS At its peak, employment was 1.4 million. That was during heavy demand created by the U.S. build-up in Vietnam and the Apollo space program. Now, employment is about one mil- lion and dropping. President L. D. Clarke tolc the annual shareholders meet- ing of Spar Aerospace Products Ltd. in Toronto last month: "There are increasing signs that (he present depressed state of the manufacturing and engi- neering segment of the aero- space industry mil bottom out ay the end of 1972 when over-all employment could sink to about the level. At that point, employment should firm up and by 1975 could once again be ap- proaching the one million mark as new programs come into production statue In Canada, employment in the industry peaked at about SO'OOO eariy in 1969. That made it the fourth largest in the non-Com- munist world, behind the United States Britain and France- Legion seeking tax adjustment TABER (HNS) Tabcr town council has appointed a com- mittee to work with officers of the Taber Branch, Royal Cana- dian Legion, to work out some arrangement whereby the taxa- tion burden on the Legion could be cased. Meeting recently with the council were Legion president Norman J. Hall and veteran and Legion official William W. (Billy) Williams. Mr. Williams reviewed for the council the many projects which the branch had undertaken over the past years in the interests of community betterment and other assistance to groups and individuals. He s.a i d that in years past' the council rebated New bond issue on the market OTTAWA (CP) The govern- ment today offered investors yields of 5.13 and six per cent on two new short- and medium- term bonds in a bid to raise an- other million in borrowings for the federal treasury. As alsb announced Friday, the government is offering to take in million worth of out- standing 4.25-per-cent bonds due Sept. 1 in exchange for new five-year bonds paying 6.25 per cent interest a year. The new issues are: 4Vz-month bands due Dec. 15, 1972, paying inter- est at 5.25 per cent a year, of- fered at 100.15 per cent of face value and yielding investors about 5.13 per cent a year if held to maturity. four-month bonds due Dec. 1, 1974, paying interest at 5.5 per cent, offered at 98.5 per cent of face value and yielding investors about six per cent if held to maturity. The Bank of Canada Has agreed to take at least mil- lion of the million bond of- fering. The treasury will deter- mine the amounts to be issued in short- or medium-term bonds after subscription books close, probably Wednesday. Replacing the million of 4.25-per-cent bonds falling due at the end of next month ex- tends the government's obliga- tion for at least five years, and possibly longer. The replacement bonds which would become due Aug. 1, 1976, will be convertible at the option of the holder, into another five- year bond due Aug. pay- ing 7.25 per cent interest. The combined average yield for a 10-year period would be about 6.66 per cent a year. The government has milh'on worth of bonds falling due Sept. 1 this year, and the of- fering to exchange some of them reduces the obligation to million. the tax bill in support of the non-profit organization. Legion president Hall repeat- ed his previous appeal for a taxation easement which, under new legislation, had doubled over the past two years. Ho said that the Lethbridge Legion building is owned by the city and leased back on a long term agreement to the Legion. One possible solution suggest- ed at the meeting was for the Legion to transfer ownership of their premises to the town in order to lease back on long terms- This and other alterna- tives will be explored by the special committee. Nearly home LONDON' (AP) Chay Blyth Britain's lone round-the-world non-stop yachtsman who has been at sea for nine months, ra- dioed Sunday he hopes to be hume during the first week of August. Blyth, 29, has less than miles to go from his last position west of the Azores. Polio epidemic COLOMBO. Ceylon (AP) More than 100 children suffering from polio have been admitted to Colombo's major pediatric centre, the health department reported Monday. It warned that the city is on the brink of a major polio epidemic. Most of the victims are under five and have not been inoculated against polio despite a free service offered by the state. WANTED-TOP MECHANIC Salary to for right man. Mainly tuneup and wheel alignment. All inquiries strictly confidential. APPLY BRIAN ROELOFS NORTH LETHBRIDGE MO-TIRES EVENINGS 328-4869 Lions donate to centre TABER 'HNS) Contribu- tions to the Taber Community Centre of near by the Lions Club since the opening of their concession booth last Sep- tember were reported to the recreation board. The payment by cheque of some weeks ago, and the purchase of equipment worth which becomes proper- ty of the complex, made up the contrihulions. The financial report shows sales from the concession booth and vending machines at against purchases and June 30 inventory of for a gross profit of Inventory carry-over of and cash on hand in bank of make up the of as- sets. Operating expenses amounted to Operation of the booth by club members on a gratuitous basis is continuing evidence of excel- lent community support given by the club toward recreation over the past years. Cuban air link MIAMI (AP) Airline serv- ice between Chile and Cuba began Sunday witli the arrival in Havana of a Boeing 707 jet- liner belonging to LAN-Chile, the South American country's national airline. The Cuban air- line operates a twice-weekly service to Mexico. PRICE REDUCED! Sea this large southside family home near schools and shopping, e.xlra features, excellent basement develop- ment. Call for details. Stringam Property Sales 1J2 8th Si. South Phone 328-6161 TESTED TRUSS SYSTEMS WHATEVER THE ROOF DESIGN, TESTED TRUSSES SPEED CONSTRUCTION AND CUT COSTS Strict quality control under ideal working conditions Consistent quality is maintained throughout fabrication with the use of Jigs which hold the precision-cut wood components firmly in. place as the steel connectors are applied. This eliminates any variation in the truss and assures tight fitting joints. With plates in position the complete truss is then subjected to tons of pressure, forc- ing the plates into the wood at all joinls, resulting in rigidity and uniformity unatlainable ADDITIONAL ADVANTAGES 1. Save time estimating. Estimates giv- en to you by the fabricators are your actual cost. 2. Save or> wasie material at jcb site. Trusses ore totally fabricated ready for erection. 3. Save cleaning time for rafter cut- ting. There are no cuttings. 4. Tested trusses are strong. They have built-in safety factors. 5. Interior ceiling finish can be applied to the bottom of the trusses before divisions are erected saving labour time cutting and fitting ihe ceiling of each room. 6. Reduce lost time caused by weather. Trusses frame the building quickly, using plywood sheathing connector clips. 7. Save on top plates of interior divis- ions. Trusses do not bear on inside partitions. 8. Trusses have a clear span, bearing only on outside walls. This allows changes to be made easily to floor plan. 9. The clear rigid span reduces the chances of plaster cracking. 24 FT. SPAN TESTED TRUSSES SIMILAR SAVINGS ON OTHER SIZES. SHORT OF CASH? CHARGE ITI CRESTLINE BUILDERS MARKET LTD. INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th Si. N. Phone 327-5444 or USE YOUR CRESTLINE BUDGET ACCOUNTI ;