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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, Come Mines was up to S, Giant Yellowknife 65 cents to Upper Canada 10 cents to and Camflo 15 cents to Pacific Pete rose to V4, Royal Bank to Hudson Bay Mining lo Interpro- vincial Pipe Lines to Canron to and Bank of Montreal to Paiconbridge declined to J97, Tara >i to CP Ltd. to Alberta Gas Trunk V, to Reichhold Chemicals to and Bow Valley 'A 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 timi Wednesday. 1 On index, the composite ros .34 to 181.03, industrials .25 to utilities .22 to 153.36 banks 1.23 to 209.23 and paper. .11 lo 80.03. Dofasco rose to As- bestos Corp., Grafton Group and Noranda Mines were up V2 each to and respec lively. Falconbridge fell to Rothmans to and CP Ltd. 'A 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 114 to among Canadian issues and Mclntyre Porcupine was up 14 at Distillers Seagrams was off at and Granby Mining at On the American Stock Ex- change, Canadian Javelin was off 14 at and Scurry Rain- bow added to Ban Turkish party ISTANBUL (Reuter) The Turkish Labor party, the most far-left political movement in Ihe 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 I overthrow the government. Lockheed assured backing Miscellaneous quotations for bank loan guarantee WASHINGTON (Router) The Lockheed Aircraft Corp. was assured today of a Senate majority backing "for a govern- ment bank Joan guarantee, but opposition from Senator William Proxmire (Dem- Wis.) left the timing of final action in ques- jon. Proxmire lost his first at- .empt on the Senate floor to >Iock the aid-for-Lockheeii 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 time 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 no commitment to con- tinue its financial support of the RB-211 engine for the TriStar Beyond Aug. 8. Vancouver, Calgary, Montreal (Supplied by Doherty, Koadhouse and McCuaig) LAST BID OR SALE a.m. Quotes, WESTERN OILS i a.m. Quoted) Grain price review Winnipeg Grain WINNIPEG (CP) Trading in all commodities was moder- le and prices fluctuated nar- owly at mid-session on the 'innipeg Grain Exchange to- ay. Rapeseed prices were frac- onally stronjer on fair ex- lorter buying while flax prices ere slightly lower. Oats were steady to fraction- y lower while rye was slight- higher. Barley was fraction- ly lower in a lighter trading Jlume. Wednesday's volume of trade as bushels of flax, of rapeseed and 479- 00 of rye. Mid-session prices: Flax: July lower 2.4214 A, ov. 114 lower 2.47148, Dec. 1 [lower 2.47A, Oct. 'j lower 2.4714B, May 1 lower 2.57B Rapeseed Vancouver July 6% higher Sept. higher Nov. 1% higher 3.7, Jan. 1% higher 3.01, March higher 2.93B. Rapeseed Thunder Bay: Oct 1V8 higher Dec.' 1% hJgher May higher Oats: July lower 76A, Oct. lower Dec. un- changed May lower Almlnex Alta East Gat Asamera Ashland BP oil Gat Can South Cdn Ex Gas Cdn Hone Cdn Ind Gas Oil 12.00 CtJn Long Is Cdn Super Cen Del Charter Chieflan Dome Pete Dynamic Pete Gt Plains Lochlel Mill City New Cont North Cdn Oil Numac Permo Pelrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Total W. Decalta 6.10 5.50 13.UV4 7.45 5. BO 4.40 10.75 43.50 16.00 6.15 7.00 712.12 1.04 35.00 1.30 1.60 .75 8.05 10.37 V .60 1.44 17.75 44.00 7.75 12.25 7.25 Inves Cmnwlth 3.71 4.08 Corp Invest 5.50 6.01 Corp In St Fd 5.11 5.5? Drey Fd U.S. 12.61 13. F2 Grow Equity 6.59 7.24 Grp in Shares 3.60 3.96 .74 5.50 .66 14.00 2.30 2.00 .91 5.65 35.00 21.25 15.25 38.00 Fd MISCELLANEOUS INDUSTRIES .45 15.3714 20.37'A 1.95 8.35 7.30 Car COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BUILDING TELEPHONE 323-7883 Hog prices EDMONTON (CP) Aver- age prices ,o 11 a.m. provided by iihe Alberta Hbg Producers Marketing Board: Edmonton: 21.65, average Wednesday Red Deer; 21.40, average Wednesday 21.49. Calgary; 21.65, average Wed- nesday 21.66. Lethbridge: 21.60, average Wednesday 21.69. Lloydmtnster: No sales, aver- age Wednusday 21.07. Total hogs sold Wednesday average 21.56. Sows aver- age 12.75. Barley: July 2% lower Oct. tower l.l4y4B Dec. lower May un- changed l.lOVeA. Rye: Juy higher Oct. ower Dec. y4 lower May not open. Prices for class- two wheat for export fo countries outside IGA: 1 Nor 2 3 4 1 Durum 2 3 4 IGA prices; l Nor 2 3 4 1 Durum 1 2 3 4 High Low Close Agra Ind Atco Ind Aquslalne Brit Hfld Cdn Brew Cdn Brew Cdn Hydrv Cdn Pacific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gf. Cdn Oil S Gt Cdn Oil 6-75 Home A Home B Home PiHld Hud Bay Co Hud Bay 01! 9.75 8.00 27.50 35.75 24.00 11.00 6.00 6.25 12.00 5.70 100.00 34.62VJ 34.00 2.30 19.75 47.50 Rud Bay Oil Pfd 5B.75 Hugh Russell Husky Oil Husky Oil B Husky Oil Wer Inter Prov Pipe Inter Steel Pipe 'Cdn Occidental Joulel Kaiser Kam Kotla Lake Dufault L Out 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 While Yukon CALGARY Acroll Barons Oil North Cont Madison West Warner j PIPELINE STOCKS Alta Gs Tr A 45.00 Alta Gs Tr 72 50 Alta Nat Gas 23.25 Cdn West Nat Gas IB 25 Inland Nat Gas 13.25 North Central Pac Gas Trns Norlh-Cent B Pf Gai Metrn Gas Metro Pf A Trns Can Pipe Trns Cdn P Pf B 39.5 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 Pyramid AGF Special 3.01 Silver Stand All Cdn Com 8.45 9.2J Stampede Inf R All Cdn Div 9.55 10.44 Texmont All Cdn Vent 3.76 4.11 Trojan Amer Grow Fd 6.0-1 6.63 Western Mines Cdn 'nvest Fd 4.57 5.01 West Resources Collet Mut 6.53 7.17 West Explor Cmnwlth Int 13.93 15.31 Utica 2.0D 5.35 5.B4 5.54 6.09 5.39 5.93 7.60 fl.31 4.68 5.14 5.47 6.01 4.47 4.90 5.65 5.68 st Mut Mut Accm Mut Gr Fd Nat Resources NW Finance NW Growth Prlnci Grow Royfund Temple Grow J7.0J 29.55 United Accm 4.34 5.32 Uni Sav 7.30 6.02 VANCOUVER 1.56 Ifi.fiJVj 3.55 6.40 16.25 8.00 1.02 4.20 1.10 4.60 .18 .26 7.6S .50 5.65 11.12'A 2.75 .25 2.10 4.75 B.C. Sugar B.C. Sugar Pf Capl. inter Churchill Cop Col Cellulose -35, Coron Credit crest For Ind Croyden Dolly Varden Dynasty Ft Reliance Giant Mascot Granisle Growers B 14.00 Key Industries Hys 5.75 Inter Brew 66.50 Kamloops Cop 33.25 Lornex Lytton Minerals New Imp Mines Thurtday, July 22, 1971 THE LETHBRIDGE 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 then: 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 t i v basis, and it is a reaffirmation of the importance the Japan- as major coal supplier to their steel industry." 3.30 .08 Toronto mines., industrials Supplied by Rlcfiardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quoles) .Flax Jly 243% _ 242% Mov 247% Dec 246% 248 247V.: Oct May 257V4 257 Rapeseed Vancouver Jly 336% 33014 Sep 317% 313 307% 302% 301% 294% 293 Nov Jan Mar 242% 247% 247% 257 337% 317% 307% 301% 294% l.W 1.95 22.50 2.21 Rapeseed Thunder Bay Oct 302 301 301% Dec 286% May 291% Oats Jly Oct Dec May Barley Jly 11814 Get 115 Dec H3V4 May 75 73% 73% 73% 74% 113% 113% 112% 112Vt 109 108 Rye Jly 103% 105% 105% Oct 107% 106% Dec 106% 106% May los 1 i "f HEY KIDS... LOOK! WIN A CARLTONCWTERS TOURING 10-SPEED BICYCLE t Exactly as Shown Above Valued at JlgR ABSOLUTELY FREE Just mail your name, addr.ss and phon. numbor along with 6 BOTTLE CAPS or MIXED of the following great FANTA DRINK PRODUCTS to Box 5000, Iethbrid8e AlbTZ FANTA ORANGE ROOT DEED CREAM SODA TAB GRAPEFRUIT FRESCA GRAPE GINGER AlE often at you wish Seo I 6 BIKES 6 DRAWS displayed at Bert and Mac's draw will be raade July and .v.ry I., 3rd Ave. S., lethbridge. I Saturday for A we.ki. (Winnori will on- I nouncod each Be a winner with FANTA ORANGE PURITY BOTTLING (1967) LTD. AUTHORIZED BOTTLERS OF tOCA COU 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 ra-'e -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. a.m. QuoTis) MINES Acme Advocate Asb. Akaitcho Black Bay Bra lorne Broulan Bethlehem Cdn Tung. Cdn Tung. Cassiar Central Pat. Chlmo Con west Cons. RamblBr Coin Lake Cochenour Craigmonf Dickenson Denlson Mines Deer Horn D'Eldona Dome Mines Dona Ida Discovery East Malartlc East Sullivan Falconbridge Frobex First Giant Y.K. Bovis Granduc Headway R. L. Hollinger Hud. Bay M S Hydra Ex. Iron Bay Iso Juliet Quebec Kerr Adriison Key Anacon Labrador Lake Shore Madsen R. L. Malartic G. F. Martin McNee. Maclntyre Meta Mldrim Intern Mogul New Calumet New Imperial Noranda Northgnfe Norlex Opemlska .17 2.05 .45 1.90 .25 Oslsko Patino Pine Point Placer Dev. P- C. Exp. Quebec Man Rayrock Radlore Rio Algom Roman Corp. Sherrltt Gordon Silver Miller steep Rock V.60 Tek Corp. 1.76 Texmont Upper Cdn .35 Western Mines 8.55 Wright Har. 1.11 Willroy 24.50 Windfall Yellow Bear .32'A CAB 21-50 Fd of Amer 20.75 Gt Cdn Oil 31.55 Gen Molars 1.03 Gt Lakes Pap .16 Gulf Oil Cda 1.25 Greyhound Hawker Sid Huron, Erie Hiram Walk 15.50 6.25 16.62V2 Imperial Oil .07 2.2B 6.10 .59 1-95 3.35 .12 71.75 1.05 3.00 97.75 1MASCO Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide KellyDoug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloc Moore Corp 6.40 INDUSTRIALS AbltibI 7.00 Alcan Algoma Steel 13.12'A Molsons A Aico Ind 8.00 Molsons B Allan Sugar 7.50 North, Cent .23 Bell Tel 46.37'A Nu West Homes 8.5 9.30 B.C. Tel 63 00 13.25 19.25 19.75 63.00 5-70 79.50 16.25 25.25 UOO 2.85 21.50 38.00 27.00 34.37'A 27.00 7.75 38.00 8.2S' 5.37VJ 3.90 5.75 44.GO 11.00 23.75 3B.OO 18.00 18.25 15.87'A 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. Can- ners and cutters steady at the week's advance. Medium and B.C. Tel 1.85 Burns 6.55 B.C. Forest .OB'A B.C. Suoar 4i.oo CAE ind 21.75 CtJn Brew .21 Vi Chemcell 3.15 Co! Cellulose 1.52 Cal Power .32 Coron Credit 8.60 C.W.N. Gas .34 Cdn Indust 39.87'A Cansdn 5 S 3.15 Cdn Marconi .61 Cdn Bickers .70 Chrylser CPR 90.50 Comlnco .13 Cons Bath .22 Cons Gas 10.50 Dist Sea .22% Dom Bridge .65 Domlar 3O5 Dom Textile 9.25 Dom Stores .38 Dnme Pete Dofasco J.35 Price Co Rothmans St Law Corp Shell CDA Simpson's Simpson Sears Traders Gp A Trans Mln Pp Trans Can Pp Union Gas Union Oil Versatil eMfg Westeel Union. Car ____ Western's B 8.62'A Woodward's A 21.37'A West Cdn Sd 54.DO Zenith Elec BANKS Montreal 12.75 Nova Scotia Royal 24.62% Tor-Dom 1.10 11.00 13.00 32.75 9.25 2B.OO 23.00 7.50 11.12% 19.00 37.75 20.37W 26.00 25.50 15.25 33.25 13.87% 33.25 15.25 45.00 12.00 17.25 23.50 4.50 1.85 823.12% 26.50 27.50 25.75 New York stocks Supplied by Richardson Securities of Canada British barred from Hong Koiig HONG KONG (Reuter) The Hong Kong government intro- duced today a controversial im- migration bill which will cance 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 are Hong Kong citizens by birth or eater this British colony without a visa and stay as long as they want. All others except Common- wealth citizens resident in Hong Kong for 30 years, will be sub- ject to normal immigration con- trol. good replacement cattle selling at firm rates. Choice steers 31.50 to 3230; good 30.50 to 31.50. Choice heifers 27 to 27.60; 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 17.20 live weight. Calgary livestock NOT AVAILABLE AT PRESS GyGene Fawcetle SMOKING AAARIJUAMA REGULARLY CAN CAUSE MENTAL ILLNESS-ACCORDINS TO A RECENT RS'itHIATRIC STUDY. ATESTSTOUPOF3S SOUTHS BETWEEN 13 AND 24- DEVELOPED SERIOUS PSYCHOLOGICAL PROBLEMS FARANOIC AND -MODAL iiiT-ncortiHd to NE1 Canada US It. Jomii Si Mantrtat 13o, Conodo. Amer T and T Beth Steel Chrysler Comsat Dupont Gen Molors Gulf Int Harvester Montgom Ward 44.75 Soras 18.75 Std Oil of N.J. 28.00 Texas Gulf Texas Co. 142.37V! Wick! Corp 78.75 Woolworth Westing Electric 27.50 U.S. Steel j, TO'RONTO AVERAGES 87.25 !0 Golds 186.64, up 3.94 10 Base Met 93.78, up .37 17.87V2 15 West Oil 238.41, up .40 35.50 Volume 43.62'ANEW YORK AVERAGES 30 Ind 883.51, off 2.33 90.8714 20 Rails 215.00, off .10 31.75 15 Utll 117.84, off .35 45 Stocks 298.32, oft .61 Volume 'citcttvon r, rocessing tcf S ystems 1003 4th Avenue S., Lethbridge Telephone 328-4426 u Prince Igor has no w taste. Enter as Ihe bike- Cycle Lid Is the Profile of Protection ON YOUR AUTOMOBILE Complete7 706-3rd Ave. S. Ph. 327-2793 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. ;