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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 22, 1971, Lethbridge, Alberta Golds continue to pace market Lockheed assured backing Miscellaneous quotations for bank loan guarantee Stocks Noon TORONTO (CP Gold is- sues continued to post strong advances as prices on the To- ronto stock market moved higher in active mid-morning trading today. On index, industrials were up .31 to 178.93, golds 4.46 to 187.15, base metals .39 to 93.81) and western oils 1.04 to 239.05. Volume by 11 a.m. was shares, up from at the same time Wednesday. Advances outnumbered de- clines 120 to 94, with 160 issues unchanged. Strongest sectors were bank- ing, steel, oil refining and mer- chandising. Among advancing gold issues, Dome Mines was up to Giant Yellowknife 65 cents to Upper Canada 10 cents to and Camflo 15 cents to 53.35. Pacific Pele rose to Royal Bank 'A to Hudson Bay Mining V, to Interpro- vineial Pipe Lines Vt in Canron Vt to and Bank of Montreal to Falconbridge declined to Tara to CP Ltd. to Alberta Gas Trunk to Reichhold Chemicals Vt to and Bow Valley Vi to PRICES UP MONTREAL (CP) Prices were up in all sectors in light morning trading on the Mont- real stock market today. Combined volume on the Montreal and Canadian Stock Exchange was shares at 11 a.m. compared with shares at the same tim Wednesday. On index, the composite ros .34 to 181.83, industrials .25 tc 184.90, utilities .22 to 153.36 banks 1.23 to 209.23 and paper .11 to 80.03. Dofasco rose to As bestos Corp., Graftal Group ant Noranda Mines were up Vz eacl to and respec tively. Falconbridge fell to Rothmans to and CP Ltd. to SLOW TRADE NEW YORK (AP) Prices continued to sag on the stock market today as the govern- ment reported a key economic indicator. Trading was slow. The noon Dow Jones average of 30 industrial stocks was down 2.33 at 888.51. Dome Mines added IVt to among Canadian issues and Mcfntyre Porcupine was up at Distillers Seagrams was off at and Granby Mining at On the American Stock Ex- change, Canadian Javelin was off at Vt and Scurry Ram- bow added Vt to Ban Turkish party ISTANBUL (Reuter' The Turkish Labor party, the most far-left political movement in the country, was banned by a court order Tuesday and had its property seized. Party chair- man Behice Boran and o'her members of its executive are under arrest for conspiring to overthrow the government WASHINGTON (Renter) The Lockheed Aircraft Corp was assured today of a Senate majority backing for a govern- ment bank loan guarantee, but opposition from Senator William Proxmire (Dem- Wis.) left the timing of final action in ques- tion. Proxmire lost his first at- tempt on the Senate floor to block the aid-for-Lockheeu bill when his motion to send it back to the Senate banking commit- tee was set aside Wednesday night by 56 to 36. Lockheed supporters were pressing for final passage within the next two fore Congress adjourns Aug. 6. The time factor is Proxmlre's greatest ally in his campaign to stop Lockheed. The senator has indicated he plans some sort of filibuster to try to prevent the Senate from coming to a vote before Aug. 6. Lockheed is believed running short of cash and further delays in guaranteeing the necessary million in bank loans would put pressure on its airline cus- tomers to consider switching from the Lockheed TriStar air- bus to the rival McDonnell- Douglas DC-10. The British government has ?iven no commitment to con- iinue its financial support of the ftB-211 engine for the TriStar jeyond Aug. 8. Vqncouver, Calgary, Montreal (Supplied by Doberty, Haadnouse and McCuaig) LAST BID OR SALE (ll.'DO I.m. Quoits, WESTBRN OILS Grain price review Winnipeg Grain WINNIPEG (CP) Trading in all commodities was moder- ate and prices fluctuated nar- owly at mid-session on the Winnipeg Grain Exchange to- ay. Rapeseed prices were frac- aonally stronger on fair ex- wrter buying while flax prices 'ere slightly lower. Oats were steady to fraction- ary lower while rye was sliglit- y higher. Barley was fractbn- Ily lower in a lighter trading olume. Wednesday's volume of trade -as bushels of flax, of rapeseed and KW of rye. Mid-session prices: Flax: July lower 2.42% A, Nov. lower Dec. 1 lower 2.47A, Oct. 'j lower May 1 lower 2.57B Rapeseed Vancouver: July 6% higher Sept. higher Nov. 1% higher 3.7, Jan. 1% higher 3.01, March 1% higher 2.93B. Rapeseed Thunder Bay: Oct IVs higher Dec.' 1% higher May higher Oats: July lower 7GA, Oct. lower 74 B, De c. un- changed May lower COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BUILDING TELEPHONE 323-7883 Hog prices EDMONTON (CP) Aver- age prices M 11 a.m. provided by (he Alberta Bog Producers Marketing Board: Edmonton: 21.65, average Wednesday 21.55. Red Deer: 21.40, average Wednesday 21.49. Calgary: 21.65, average Wed- nesday 21.66. Lethbridge: 21.60, average Wednesday 21.69. Lloydminster; No sales, aver- age WediBsday 21.07. Total hogs sold Wednesday average 21.56. Sows aver- age 12.75. Barley: July 2% lower Oct. lower Dec. IVt lower 1.12V4B, May un- changed 1.10V4A. Rye: Juy higher Oct. ower Dec. Vt lower 1.0614, May not open. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 3 4 1 Durum 2 3 4 1.6634; IGA prices: 1 Nor 2 3 4 1 Durum 182Y4; 2 3 4 High Low Close .Flax Jly 243% 242% 242% Nov 247% 24714 247V4 Dec 247Vi 246% 247% Oct 248 247Vi 247% May 25714 257 257 Rapeseed Vancouver Jly 336% 33014 33714 Sep 317% 313 317% Nov 307% 302% 307% Jan 301% 301% Mar 29414 293 294% rtapescerl Thunder Bay Oct 302 301 301% Dec 286% May 291% Oats Jly 7614 7514 75 Oct 7414 73% 73% Dec 73% May---------------- 74% Barley Jly llBKi 113% 113% Oct 115 112% 11214 Dec May 11014 109 108 Rye Jly 105% 105% 105% Oct 107-% 106% Dec 106% 10614 106% May 1081, Almlnex Alta East Gas Asamera Ashland BP oil Gat Can South Cdn Ex Gai Cdn Hone Cdn Ind Be, Oil Cdn Long Is Cdn Super Cen Del Rio Charter Chleflan Dome Pete Dynamic Gt Plains Lochlel Mill City New Cont North Cdn Oil Numac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Total W. Decalta MISCELLANEOUS INDUSTRIES no 13.12'A 7.45 5.80 4.40 10.75 12.00 .67 43.50 U.OO 6.15 7.00 1.04 35.00 1.30 I.M .75 8 05 1.44 .65 1.40 .45 15.37'A 50.37V2 1.55 8.35 7.30 Agra Ind Atco Ind Aqualalne Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific CPR Pld Crowsnesl Ind Cvgnus A Cygnus B Cum Prop Gt. Cdn Oil s Gf Cdn Oil 6-75 Home A Home B Home Pllfld Hud Bay Co Hud Bay oil ?.75 27.50 2J.OO 11.00 27.12 i.OO 6.25 12.00 5.70 100.00 34.62 Vi 34.00 2.30 19.75 47.50 Rud Bay Oil Pfd i Hugh Russell Husky Oil Husky Oil B Husky Oil War Inter Prov Pipe Inter Steel Pipe Occidental Joutel Kaiser Kam Kotla Lake Dufault L Ont Port Cem MGF Manage Mentor Newconex Pacific Pete Rank Org Sclk Hold Shell Can Shell tnv Pfd Shelf Inv wts Sicks Rainier Teledyne West Cdn Seed While Yukon CALGARY Acroll Barons Oil North Cont Madison West Warner PIPELINE STOCKS Alta Gs Tr A 45.00 Alta Gs Tr 72 so Alta Nat Gas 23.25 Cdn West Nat Gas IB 25 Inland Nat Gas 13.25 North Central 15.87VJ Pac Gas Trns North-Cent B Pf Gai Metro Gas Metro Pf A Trns can Pipe Trns Cdn P Pf B 39.50 Trns Cd P Pf A 62 00 Trns P Cdn War 9.75 Westcoast Trns 26 75 West Pacific 6.25 MUTUAL FUNDS AGF Special 3.01 All Cdn Com 8.45 9.24 All Cdn Div 9.55 10 4J All Cdn Vent 3.76 4.11 Amer Grow Fd 6 04 6 63 Cdn 'nvest Fd 4.57 5.01 Mut 653 717 Cmnwlth Int 13.93 15.31 17.75 44.00 7.75 12.25 7.25 9.62'A .TA 5.50 .66 14.00 2.30 2.00 .91 5.65 21.25 15.25 38.00 18.00 5.12Vi 4.50 12.50 .66 ,06 .03 .25 a.m. OuoTWi) Cmnwlth Lev 3.71 4.OB Corp Invesl 5.50 6.01 Corp In 5t Fd 5.1) 5.59 Drey Fd U.S. 12.61 13.P2 Grow Equity 4.59 7.24 Grp In Shares 3.60 3.96 Invest Gr Fd 10.93 12.00 Thundoy, July 22, 1971 THE LETHBRIDGE HERALD 17 Kaiser has loss on coal sales Id.00 5.75 66.50 33.55 Invest Mut Mut Accm Mut Gr Fd Nat Resources NW Finance NW Growth Princl Grow Royfund Temple Grow United Accm Uni SBV VANCOUVER Anuk Atlas Explor Bathurit Norse Bethlehem Cop Block Bros Brenda B.C. Sugar B.C. Sugar Pf Cap.. Inter Churchill Cop Col Cellulose Coron Credit Crest For Ind crovden Dolly Varden Dynasty Ft Reliance Giant Mascot Granisle Growers B Key Industries Hys Inter Brew Kamloops Cop Lornex Lytton Minerals New Imp Mines Okanagan Heli Plains Pete Primer Pyramid Silver stand Stampede Int Texmonl Trojan Western Mines West Resources West Explor Utica 5.35 5.54 6.09 5.39 5.93 .60 8.31 5.14 .47 6.01 .47 4.90 .65 5.B! .04 29.55 .B4 5.3J 7.30 8.02 .20 .46 1.56 16.62Va 3.55 6.40 19.67V2 16-25 8.00 1.02 4.20 1.10 4.60 .18 .26 7.6S .50 5.65 11.12V4 2.75 .25 2.10 4.75 .09 8.30 1.90 .65 5.00 VANCOUVER (CP) Kai- ser Resources Ltd. had a con- solidated net operating loss of ?13.1 million or a share on sales of million in the six months to June 30. Kaiser president C. L. Emer- son said Wednesday the first hah" results should not be ta- ken as representative of future prospects how ever, because coal price increases have been agreed to by their Japanese customers. In 1970, Kaiser reported a first half loss of or 13 cents a share on sales of of its mine in south- eastern B.C. NEW AGREEMENT Mr. Emerson saia Kaiser's new agreement with the Ja- panese steel industry contempts an average interim price in- crease equivalent to (Ca- nadian) a long ton and cost as- sistance in the form of an av- erage price increase of (U.S.) a long ton over the next 15 months. "This recent action by our Japanese customers is a tre- mendous vote of confidence in our entire Mr. Em- erson said. "I believe it ex- presses their faith in our abil- ity to operate the mine on a competitive and produc live basis, and it is a reaffirmation of the importance the Japan- as a major coal supplier to their steel industry." Toronto mines, industrials Supplied by Rlcnardson Securities of Canada LAST BID OR SALE Livestock report a.m. Quottl) MINES a.m. Quoles) WIN A CARLTON TOURING 10-SPEED BICYCLE Exactly as Shown Above Valued af SI65 ABSOLUTELY FREE Just mail your name, address and phona number along with 6 BOTTLE CAPS or MIXED of the following great FANTA DRINK PRODUCTS to Box 5000, Lethbridge AlS FANTA ORANGE ROOT BEER CREAM SODA .t UB GRAPEFRUIT FRESCA GRAPE ME Enter as often as you wish See I 6 BIKES 6 DRAWS >he bikes displayed at Bert and Mac's Firsf draw will be mode July and .very Cycle Ltd., 3rd Ave. S., Lethbridge. c- -J- Fight power rate boost in Montana HELENA. Mont. CAP) The president of the Montana Con- sumer Affairs Council, Clyde Jarvis, said today the group has decided to fight rate in- creases sought by Montana Power Co. JarVis said the council will take immediate legal action against the latest in a series of rate .increse requests, and also will challenge the existing rate structure. The power firm is seeking a 17 per cent rate increase for electrcity and 34 per cent in natural gas rates. Acme Advocaie Ash. Akaitcho Black Day Bralorne Broulan Bethlehem Cdn Tung, Cdn Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Denison Mines Deer Horn D'Eldona Dome Mines Dona Ida Discovery East Malartlc East Sullivan Falconbrldge Frobex First Giant Y.K. Bovis Granduc Headway R. L. Hollinger Hud. Bay M S Hydra Ex. iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Madsen R. L. Malartic G. F. Martin McNee. Maclntyre Mela Midrim Intern Mogul New Calumet New Imperial Noranda Northgate Norlex Opemiskn .17 2.05 .45 iV .25 .6.621 1.95 1.95 22.50 2.21 .35 8.55 1.11 24.50 7U5 ,09 .99 1.05 3.00 97.25 Ostsko Patino Pine Point- Placer Dev. P. C. Exp. Quebec Man Rsyrock Radiore Rio Algom Roman Corp. Sherrltt Gordon Silver Miller Steep Rock Tek Corp. Texmont Upper Cdn Western Mines Wright Har. Willroy Windfall Yellow Bear Zenmac INDUSTRIALS a.m. Quotes) 31.25 1.03 .16 1.25 -29 .5.50 A.25 .23 1.05 9-30 1.85 41. DO 21.75 .21 Vi 3.15 1.52 .32 6.60 .34 3.15 90.50 .13 ,22 10.50 .22% .85 305 9.35 .38 10.87Vi Abitibi Alcan Algoma Steel Aico Ind Atlan Sugar Bell Tel Brazil Tree B.C. Tel Burns B.C. Forest i B.C. Supar CAE Ind Cdn Brew i Chemcell Col Cellulose Cfll Power Coron Credit C.W.N. Gas Cdn Indust Canada S S _ Cdn Bickers Chrylser CPR Cons Bath Cons Gas Dist Sea Dom Brldgs Domiar Dom Textile Dom Stores Pete Dofasco .59 1.95 3.35 1.41 .91 .12 6.40 .10 7.00 CAB 21.50 Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf on cda Greyhound Hawker Sid Huron, Erie Hiram Walk 16.62V.. Imperial Oil .07 1MA5CQ 2.28 Int Nickel Inl Pipe Inv Gp A Int Utilities Indust Accept Laurentide KellyDoug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp 13.12V., Molsons A B.DO Molsons 8 7.50 North, Cent J6.37Vz Nu West Homes 19.50 Power Corp Price Co Rothmans St Law Corp Shell CDA 7.00 Simpson Sears ct Can A in Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatil eMfg Westeel Union Car Weston's B 8.62V3 Woodward's A 21.371A West Cdn Sd 54.00 Zenith Elec 23.87V2 BANKS 13.12V2 Can Imperial Montreal 12.75 Nova Scotia Royal 24.fi2'A Tor-Don. 13.37% 63.00 5.70 79.JO 16.25 25.25 ld.00 7.B5 21.50 38.00 27.00 19.87% 34.37% 27.00 7.75 3B.OO Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to a.m. 100 cat- tle, Receipts mixed quality. Trade moderately active. Good and choice butcher steers over pounds selling steady. Steers under pounds are being discounted 50 cents per hundred weight. Good and choice butcher heifers weak to 25 cents lower. Medium and good cows barely steady. Can- ners and cutters steady at the week's advance. Medium and 63.00 13.25 19.25 19.75 27.00 1.10 11.00 13.00 32.75 3.10 9.25 28.00 63.75 23.00 5.7S J4GO 11.00 23.75 38.00 18.00 18.25 8.50 5.25 7.50 19.00 37.75 20.37'A 26.00 25.50 15.25 33.25 33.25 15.25 45.00 12.00 17.e7Va 23.50 J.50 1.65 2fi.50 27.50 25.75 New York stocks Amer T and T Beth Steel Chrysler Comsat Dupont Gen Motors Gulf Int Harvest. Kenn Coppe Supplied by Richardson Securities of Canada 44.75 Seras 16.75 Std Oil of N.J. 28.00 Texas Gull 69.37V; Texas Co. 142.37Vi Wicks Corp 78.75 Woolworth 32.12'A Westing Electric 27.50 U.S. SI 87.25 20 Golds 186.6J, up 3.96 7B.62V? 10 Base Met 93.78, up .37 15 West Oil 238.41, up .40 35.50 Volume NEW YORK AVERAGES 47.87V7 30 Ind 8B3.51, off 2.33 90.B7VJ 20 Rails 215.00, olf 10 31.75 15 Util 117.84, olf .35 u.x Meei 41.75 15 Util 117.84, olf .35 32.87'A TORONTO AVERAGES 65 Stocks 298.32, off .61 British barred from Hong Koug HONG KONG (Renter) _ The Hong Kong government intro- duced today a controversial inr migration bill which will cancel the privilege of British pass- port-holders to enter this colony without a visa and stay as long as they please. Acting Attorney-General G. R. Sneath told the legislative coun- cil that during the last decade Britain has tightened up rules concerning entry and stay of Hong Kong and other Common- wealth ci'.izens. Under the proposed law, only who are Hong Kong citizens by birth or enter this British colony without a visa and stay as long as they want. All others except Common- wealth citizens resident in Hong Kong for 10 years, will be sub- ject to normal immigration con- trol. good replacement cattle selling at firm rates. Choice steers 31.50 to 32.30; good 30.50 to 31.50. Choice heifers 27 to 2760' good 26 to 27. Good cows 21 to 22; medium 20.50 to 21; earners and cut- ters 18 to 20.50. Butcher hogs sold Wednesday F.O.B. Lethbridge 21.65 to 21.70 base price. One load sold for export price converted to 17.SO live weight. Calgary livestock NOT AVAILABLE AT PRESS By Gene Fawcetta SMOKING MARIJUANA REGULARLY CAN MUSE MEMTAL ILLNESS-ACCORDING TO A RECENT FSTCHIATRIC STUDY. ATESTGROUPOF3S YOUTHS BETWEEN AND 24- DEVELOPED SERIOUS F5YQ-DL06ICAL PROBLEMS WRAWOIC AND SUIODAL TENDENCIES SYMPTOMS TEHDED TO Z140 H furtti.f Iflfonnolioii fin Montgom Ward 20 Infls 178.87, up .2! Volume 'atatron r recessing and Systems 1003 4th Avenue S., Lethbridge Telephone 328-4426 Salurday for 6 (Wlnnori wll flounced each an- Be a winner with FANTA ORANGE PURITY BOTTLING (1967) LTD. AUTHORIZED BOTTIERS OF tOCA COI4 Is the Profile of Protection ON YOUR AUTOMOBILE Complete? FuHSTtR 706.3rd S. Ph. 327-2793 Prince Igor has no J_ j_ w taste. Prince Igor is vodka. Pure vodka. Without a flicker of taste or color or scent. A prince of a vodka. Have the Prince over tonight. ;