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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 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 93.80 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 Pacific Pete rose to Royal Bank Vt to Hudson Bay Mining Vt to Interpro- vincial Pipe Lines to Canron Vt to and Bank of Montreal to Falconbridge declined lo' Tara to CP Ltd. to Alberta Gas Trunk V8 to Reichhold Chemicals Vt to and Bow Valley Vt 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 rose .34 to 181.83, industrials .25 to 184.90, utilities .22 to 153.36 banks 1.23 to 209.23 and papers .11 to 80.03. Dofasco rose to As- bestos Corp., Graftal Group and Noranda Mines were up V2 each 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 VA to 10% among Canadian issues and Mclntyre Porcupine was up at Distillers Seagrams vas off at and Granby Mining at On Hie American Stock Ex- change, Canadian Javelin was off at and Scurry Rain- bow added Vl 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 other members of its executive are under arrest for conspiring to overthrow the government. Lockheed assured backing for bank loan guarantee WASHINGTON (Rcuter) The Lockheed Aircraft Corp. was assured today of a Senate majority backing for a govern- ment bank loan guarantee, but opposition fr'om Senator William Proxmire (Dem- Wis.) left the timing of final action in ques- tion. Proxmire lost his first at- on the Senate floor to block the aid-for-Lockheed bill when his motion to send it back o 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 ore Congress adjourns Aug. 6. The tune factor is Proxmire'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 given ho commitment to con- tinue its financial support of the RB-211 engine for the TriStar jeyond Aug. 8. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doberty, Roadbause and McCuaig) LAST BID OR SALS Ol.-M a.m. Guorw; WBSTIKN OILS Almlnex Alta East Gas Asamera Ashland BP on Gat Can South Cdn Ex Gai Cdn Hone 610 5.50 20.8714 13.12'A 7.45 5.80 i.m. a.m. Hugh Russell 79.75 Husky Oil 77.75 Husky Oil B X4.00 Husky Oil War 7.75 Inter Prov Pipe 12.J5 Inter Steel Pipe 7.25 Cmnwlth Lsv 3.71 4.08 Corp Invest 5.50 6.01 Corp In SI Fd 5.11 5.S9 Drey Fd U.S. 12.61 13.82 Grow Eqully 6.59 7.24 Grp In Shares 3.60 3.96 4.40 10.75 ner ee pe 7.25 rp n ares 'Cdn Occidental 9.62'A Invest Or Fd 10.08 12.00 Grain price review COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BUIIDING TEtEPHONE 328-7883 Winnipeg Grain WINNIPEG (CP) Trading i all commodities was moder- tc and prices fluctuated nar- owly at mid-session on the 'innipeg Grain Exchange to- ay. Rapeseed prices were frac- onally stronjer on fair ex- icrter buying while flax prices ere slightly lower. Oats were steady to fraction- y lower while rye was slight- higher. Barley was fraction- Iy lower in a lighter trading jlume. Wednesday's volume of trade as bushels of flax, of rapeseed and 00 of rye. Mid-session prices: Flax: July lower 2.42% A, ov. 154 lower Dec. 1 lower 2.47A, Oct. 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. 1% higher Dec.' 1% higher 2.6WB, May higher Oats: July lower 76A, Oct. Vt lower 74V4B, Dec. un- changed 74J4A, May lower Barley: July 2% lower 1.1514A, Oct. lower 1.14y4B. Dec. lower May un- changed l.lOMiA. Rye: Juy higher Oct. ower Dec. lower May not open. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 3 4 1 Durum 2 3 4 IGA prices: 1 Nor Cdn Ind Gas OH 12.00 Cdn Long Is Cdn Super Cen Del Rio Charter Chieflan Dome Pete Dynamic PetB Gt Plains Lochlel Mill Cily New Cont North Cdn on Numac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Total W. Occam MISCELLANEOUS INDUSTRIES .47 43.SO 16.00 7.00 1I2.12W 1.04 35.00 1.30 1.60 .75 8.05 10.37Vi .60 1.44 .65 1.40 .45 1S.37'A 8.35 7.30 5.50 .66 2.30 2.00 .91 5.65 35.00 21.55 15.J5 37.8714 3B.GO 18.00 S.I2V1 4.50 12.50 -----it Mut Mut Accm Mut Gr Fd Nat Resources NW Finance NW Growth Prlncl Grow Royfund Temple Grow 27.04 29.55 United Accm 4.84 5.32 Uni Sav 7.30 8.02 VANCOUVER Anuk .20 Atlas Hog prices EDMONTON (CP) Aver- age prices ;o 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 21.63, 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 Wednesday 21.07. Total hogs sold Wednesday average 21.56. Sows aver- ige 12.75 2 3 1 Durum 3 4 1.66% High Low Close .Flax Jly 243% 242% 242% Nov 247% 247% 247% Dec 247V4 246% 247% Oct 248 247% 247% May 257V4 257 257 Rapeseed Vancouver Jly 336% 330% 337% Sep 317% 313 317% Nov 307% 302% 307% Jan 301% 299V4 301% Mar 294% 293 294% Rapeseed Thunder Bay Oct 302 301 301% Dec 286% May 291% Oats Jly 76Vt 75% Oct 74% 73% Dec May---------------- Agra Ind Atco Ind Aquatalne Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific In CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt. Cdn oil s Gt Cdn Oil 6-75 Home A Home B Home Plftld Hud Bay Co Hud Bay Oil 9.75 8.00 27.50 29.42VJ 35.75 24.00 11.00 27.1TO 6.00 6.25 12.00 5.70 100.00 34.62V1 34.00 2.30 19.75 47.50 Rud Bay Oil Pfd 58.75 Joutel Kaiser Kam Kotla Lake Dufault L Ont Port Cem MGF Manage Mentor Newconex Pacific Pete Rank Org selk Hold Shell Can Shell Inv Pfd Shell Inv wts Sicks Rainier Teledyne West Cdn Seed White Yukon CALGARY Acroll Barons oil North Cont Madison West Warner PIPELINE STOCKS Atta Gs Tr A 45.00 Alts 6s Tr 45.4 72.50 Dynasti Alia Nat Gas 23.25 Ft Renance Cdn West Nat Gas 1825 Inland Nat Gas 13.25 North Central Pac Gas Trns North-Cent B Pf Gaz Metro Gas Metro Pf A Trns Can Pipe 33.25 Trns Cdn P Pf B 39.50 Trns Cd P Pf A 62.00 Trns P Cdn War 9.75 okanagan Hell Westcoast Trns 26.75 Plains" Pete West Pacific 6.25 Primer MUTUAL FUNDS AGF Special 3.01 o.onu All Cdn Com 8.45 9.24 stampede Int Res All Cdn Div 9.55 10.44 Texmont All Cdn Vent 3.76 4.11 Trojan Amer Grow Fd 6.04 6.63 Western Mines Cdn Invest Fd 4.57 5.01 West Resources Collect Mut 6.53 7.17 West Explor Cmnwlth tnt 13.93 15.31 Utica 5.35 5.84 5.54 6.09 5.39 5.93 7.60 8.31 4.68 5.14 5.47 6.01 4.47 4.90 5.65 5.88 Bathursi Norse Bethlehem Cop Block Bros B.C. Sugar B.C. Sugar Pf Inter Churchill Cop Col Cellulose Coron Credit crest For Ind Croyden Dolly Varden Giant Mascot Granisle 15.87'A Growers B 14.00 Key Industries 32.87'A Hys 5.75 Inter Brew 66.50 Kamloops Cop Lornex Lytton Minerals New imp Mines Pyramid silver stand .46 1.56 3.55 6.40 19.67V4 16.25 8.00 1.02 4.20 1.10 4.60 .13 .26 7.65 .50 5.65 Tnunday, July 22, 1971 THI UTHBRIDCE HERALD 17 Kaiser has loss on coal sales VANCOUVER (CP) Kai- ser Resources Ltd. had a con- solidated net operating loss of 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 half 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 loss of or 13 cents a share on sales of of its mine in south- eastern B.C. NEW AGREEMENT Mr. Emerson said Kaiser's new agreement with tha 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 t i v basis, and it is a reaffirmation of the importance the Japan- as a major coal supplier to their steel industry." 8.30 1.90 .85 5.00 .28 .10 .62 1.35 Toronto mines, industrials Supplied by Rlcnardson Securities of Canada LAST BID OR SALE t.m. Quettt) MINES Barley Jly 118% Oct 115 Dec 113% May 110% Rye Jly 105% Oct 107% Dec 106% May 113% 112% 110% 109 105% 106% 75 737s 73% 74% 113% 108 105% 106% 108% Acme Advocate Asb. Akaitcho Black Bay Bralorne BroulBn Bethlehem Cdn Tung. Cdn Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cra lament Dickenson Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery East Malartlc East Sullivan Falconbridge Frobex First Maritime! Giant Y.K. Bovis Granduc Headway R. L. Holllnger Hud. Bay M S Hydra Ex. Iron Bay ISO Jollet Quebec Kerr Addison Key Anacon Labrador Lake shore Madsen R. L. Malartic G. F. Martin McNee. Maclntyre Mela Mldrim Intern Mogul New Calumet New Imperial Noranda Northgate Norlex Opemlska .17 2.05 .45 Oslsko Patino Pine Point Placer Dev. Quolell .32'A CAB .06Va P. C. Exp. Quebec Man 1.90 .25 1.95 1.95 22.50 2.51 1.76 Reyrock Radlore Rio Algom Roman Corp. Sherrltt Gordon Silver Miller Steep Rock Telt Corp. Texmont .13V4 Upper Cdn .35 Western Mines 8.55 Wright Har. 1.11 Willroy 24.50 Windfall Yellow Bear iMt. Zenmac INDUSTRIALS AbltinI Alcan Algoma steal Atco Ind Allan Sugar Bell Tel Brazil Trac B.C. Tel 21.50 29.75 31.25 1.03 .16 1.25 .29 15.50 6.25 Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk 16.62'A Imperial Oil .12 Loeb IMASCO Int Nickel Int Pipe Inv Gp A Int utilities Indus! Accept Laurentlde KellyDoug A 71.75 .0? .99 1.05 3.00 97.25 .23 1.05 9.30 1.85 6.55 .10 jrns B.C. Forest i B.C. Sunar CAE Ind Cdn Brew i Chemcell Col Cellulose Cal Power Coron Credit C.W.N. Gas .34 Cdn Indus! 39.87% Canada S S 3.15 Cdn Marconi .81 Cdn Bickers .70 chrylser .08Vs CPR 90.50 Comlnco .13 Cons Bath .22 Cons Gas 10.50 Dlst Sea .22V4 Dom Brldga .85 Domtar 34.75 Dom Textile 9.25 Dom Stores .38 Dome Pete 10.87'A Dofasco Loblaw A Metro Stores Massey Ferg McMillan Blot Moore Corp Molsons A 8.00 Molsons B 7.50 North, Cent Nu West Homes 19.50 Power Corp Price Co Rothmans S! Law Corp Shell CDA Simpson's Simpson Sears 63.00 13.2S 19.25 19.75 4.35 7.00 Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans can Pp Union Gas Union Oil Versatil eMfg Westeel Union Car ____ Weston's B 8.62% Woodward's A 21.37'A West Cdn Sd 54.00 Zenith Elec BANKS Can Imperial 18.87IA Montreal 12.75 Nova Scotia 112.00 Royal 24.62V! Tor-Dom 4.10 27.00 1.10 11.00 13.00 32.75 3.10 9.25 28.00 63.75 13.37% 63.00 5.70 79.50 16.25 25.25 14.00 2.85 21.50 38.00 27.00 19.87% 34.37'A 27.00 7.75 38.00 8.25 5.37% 3.90 5.75 44.00 11.00 23.75 38.00 18.00 18.25 8.50 5.25 7.50 11.12% 19.00 37.75 20.37% 26.00 25.50 15.25 33.25 13.87% 23.62% 33.25 15.25 45.00 4.25 12.00 17.25 23.50 4.50 1.85 a23.12% 15.87% 26.50 27.50 25.75 Livestock report 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. Oan- ners and cutters steady at the week's advance.Medium and HEY KIDS... LOOK! WIN A CARLTON CRITERIUM TOURING 10-SPEED BICYCLE Exactly as Shown Above Valued at Slfig ABSOLUTELY FREE JU5t your name, qddress ond h number alonB with 6 BOTTIE CAPS or MIXED of the great FANTA DRINK PRODUCTS to Box 5000, UDibridgt .AttTrte FANTA ORANGE ROOT BEER CREAM SODA TAB 8KAMFWIT FRESCA GRAPE Enter os often at you wish See I 6 BIKES t 6 DRAWS Hi. bikes displayed a, Bert and Mac's drqw wil, b. mod. qnd iyery Cycle Ltd., 3rd Ave. 5., lethbridge. I for 6 we.k.. (Winners will b. an. I nounced each Be a winner with FANTA ORANGE PURITY BOTTLING (1967) LTD. AUTHORIZED BOTTLERS OF COLA Fight power rate boost in Montana HELENA. Mont. (AP) 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 electreity and 34 per cent in natural gas rates. New York stocks British barred from Hong Kong HONG KONG (Reuter) The Hong Kong government intro- duced today a controversial Im- 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 citizens. Under the proposed law, only who ars 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. Gotad cows 21 to 22; medium 20.50 to 21; canners 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 17.20 lave weight. Calgary livestock NOT AVAILABLE AT PRESS SMOKINS MARIJUANA RESUWRLYCAN CAUSE MENTAL ILLNESS-ACCORDING TO A RECENT PSYCHIATRIC STUDY. ATESTGROUPOF3S YOUTHS BETWEEN 13 AND 24- DEVELOPED SERIOUS RSYCrOlOGlCAL PROBLEMS FARANOIC AND SUjapAL TENDENCIES., u.f ,.n Ia ID NEWI Wtd., MS SI. Jnm.l SMW W, Amer T and T Belh Sleel Chrysler Comsat Dupont Gen Motors Gulf In! Harvester Kenn Copper Montgom Ward Supplied by Richardson Securities of Canada 44.75 Seras 18.75 Stfl Oil of N.J. 28.00 Texas Gulf Texas Co. 143.37W WIckJ Corp 78.75 Woolwortn 3J.13Vi Westlno Electric 27.50 U.S. Steel 32.87VI TO'RONTO AVERAGES 36.52'A 20 Inds 178.87, up .55 20 Golds 18J.M, up 3.M 78.62V2 10 Base Met 93.78, up .37 17.87'A 15 West Oil 238.41, up JO 35.50 Volume 43.62WNEW YORK AVERAGES 47.B7V7 30 Ind 883.51, off 2.33 S0.87V1 20 Rails 215.00, olf .10 31.75 15 Utll 117.84, off .35 65 Stocks 298.32, off .61 Volume rocessinq an ta Systems 1003 4th Avenue S., Telephone 328-4426 rocessinaf Prince Igor has no J_ J_ W taste. Is the Profile of Protection ON YOUR AUTOMOBILE Complete? 706.3rd AY. 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 ;