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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 23, 1971, Lethbridge, Alberta Friday, July 33, 1971 THE IETHBRIDGE HERAIO 21 Market prices post advances Lethbridge Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) On offer j 11 a.m., about 365 head; mostly feeder and stock cattle and calves. Trade was active itli prices strong. Slaughter cattle were scarce TORONTO (CP) Prices on the Toronto stock market posted cautious advances in light mid- moming trading today. On index, industrials were up .03 to 179.23, base metals -33 to S4.14 and western oils .35 to 237 56. Golds, which posted strong during two previous ses- sions, lost 1.14 to 184.67. Volume by 11 a.m. was shares, down from at the same time Thursday. Advances outnumbered de- clines 105 to 100, with 157 issues unchanged. Strongest sectors were bever- ages, food processing, real es- tate and oil refining. Nine of the industrial index's 17 sub-groups Boiling mad over Ottawa ad campaign TORONTO (CP) Steven Otto Liberal member of Parlia- ment for York East, said Thurs- day he was "boiling mad" when he heard about the federal gov- ernment's advertising campaign to persuade Canadi- ans to spend freely in order to help create jobs. "I was ready to fly down to Ottawa to see (Manpower Min- ister Otto) Lang- I could have just torn him to pieces, Mr. Otto said in an interview. The campaign, announced by Mr Lang Tuesday, promotes the theory that government poli- cies can'provide a climate for growth, but can't legislate pub- lic confidence or control private initiative and enterprise. This message is to be beamed to Canadians in advertisements to be placed in newspapers across Canada until late August. Mr. Otto said the campaign "just doesn't make sense" and that "business looks at the cam- paign and says: 'What an idiot government. How can we trust them about were higher. Chemical, steel, communication and genera: manufacturing issues edged fractionally lower. Burns Foods 1'ose to Dominion CKrus Vt to Im- perial Oil Vt to Cassiar Vt to Brascan Vt to 20% and Inco 'A to Abitibi was up Vs to Fin- ning Tractor to Kent ing Vt to Toronto Dominion to Pacific Pete to 34% and Union Gas Vs to Falconbridge dropped 2Vi h Dawson Developments Vt ti Kaiser Resources Vt to SS'A Tara to Canadian Homestead Oils Vs to and Stelco Vt to Sherritt lost Vs to Mas Alberta hear I foundation exceeds goal CALGARY (CP) The Al- berta Heart Foundation exceed- ed its campaign objective by during the year ended June 30 and collected Foundation president J. D Balfour said the added dona tions are "most gratifying when many charitabe organizations are having trouble reaching objectives because of difficult economic times." Including bequests and other forms of revenue, the founda (ion has a total income of 685 compared with in 1969-70. sey-Ferguson Vt to Shel to Bell to Nor anda Vs to and Dom Mines to LIGHT TRADE MONTREAL (CP) Price were off slightly in most sector in light morning trading on th Montreal stock market today. Combined volume, on th Montreal and Canadian Stoct Exchanges was share at 11 a.m. compared wit shares at the same tim Thursday. On index, the composite fe .10 to 182.20, industrials .19 t 185.26 and papers .13 to 79.96 Utilities rose .13 to 154.13 an banks .12 to 208.78. Among losers on the Montrea Stock Exchange, Falconbridg lost 3 to Dome Petroleum SI to and Monenco Vz Highlighting gains, Canadia International Power gained to Royal Trust to and Canadian Reserve Oil cents to SLOW TRADE NSW YORK (AP) Bluechip issues were a shade higher today, although stocks in gen- eral were lower. Trading was slow. The noon Dow Jones average of 30 industrials was up 0.37 at 887.05. On the New York Stock Ex- Livestock market report Imperial killings increase TORONTO (CP) Imperial Oil Ltd. announced Tuesday 'amines for the first six months >t 1971 are estimated at mil- ion or 50 cents a share, com- pared with million, or 35 mis a share, for the first half of 1970. The company attributed the profit increase to many factors, ncluding greater crude oil ex- mrts, petroleum product sales, and fertilizer exports as well as >rice improvements and greater jperating efficiency. Chairman W. 0. Twai's said shareholders should bear in mind that product price levels had not kept pace with inflation- ary cost pressures in 1970 and that operating difficulties en- countered with new manufactur- ing units had further depressed profits in the first half of last year. Mr. Twaits added that contin- ual earnings of growth is essen- tial to provide the satisfactory returns on the company's ex- panding investment base due to marrive expenditures for envi- ronmental protection, frontier exploration and energy' demand growth. First-half earnings totalled million in both 1969 and 1968- change, Mclntyre Porcupine added to Distillers Sea- grams was up at and Genstar added V4 to Cana- dian Pacific lost Vt to and Dome Mines was off at On the American Stock Ex- change, Canadian Javelin Hog sale EDMONTON1 (CP) Aver- age prices to 11 a.m. provided by the Alterta Hog Producers Marketing Board: Edmonton: 21.65, average Thursday 21.51. Red Deer: No sales, aver- age Thursday 21.91. Calgary: 21.50, average Thursday 21.93. Lethbridge: no sales, average Thursday 21.74. Lloydminster: erage Thursday EDMONTON (CP) Weekly egg and poultry report issued by the Alberta department of agriculture. Eggs _ To producers A large 33; A medium 29: small 17; B 10; C 6; cracks 6. To retailers A large 47-48; A medium 42-43; A small 28-29; B 27-27 C 20-21; Cracks 20-21. To consumers (in cartons) A large 50-53; A medium 44-48; A small 34-36. Poultry To producers live No. 1 chicken broilers, 21 Fowl under 4, 5. under 12, 25Vi; 12 to 18, 26'- over 18, 24. Live No. 2 chicken broilers, 18. Turkey under 12, 2214; 12 to 18, over 18, 22. COMMANDER DIES Stangl, sentenced to life in prison for the murder of at least Jews dur- ing the Second World War, died in a Dusseldorf, Germ- any, prison. He was 03. Former SS commander of Hitler's Treblinka death camp in Poland, Stangl was extradited to West Germany, after being arrested in Brazil in 1967. medium 29.50 to 30.75. Choice heifers 27.75 to 28.40, good 27 to 27.75, medium 26 to 27. Good cows 22 to 22.50, medium 21 to 22. canners and cutters 19.50 to 1. Good bulls 25 to 27. Replacement cattle were mostly feeder and stock steers meeting a good demand from ocal buyers. Good feeder steers more than 750 pounds 31 to 33.50 with sales to 34.20, good feeder steers less than 750 pounds 31 to 3350 with sales to 37.50. Good feeder heifers 27 to 32. A few good stock steer calves 38 to 39.50. A few stock heifer calves 32 to 34.50. Hogs base price 21.60. Macleod Livestock On offer at the Fort Macleod Auction Market this week were 386 head of cattle with trade steady on most classes offered. Mostly medium feeders were offered with some under pres- sure. Choice steers 32 to 32.60, good steers 30 to 31.70. Choice heifers 27.50 to 28.20, good heifers 26 to 27. Good cows 21 to 22.60, me- dium cows 19 to 20.50, canners and cutters 16.50 to 19.25. Medium bulls 25 to 25.60, plain bulls 23 to 23.50, butcher bulls 31.20. Good short keep steer's 31 to 32-30, good heavy stocker steers 34 to 35.50, medium stocker steers 30 to 33. Good feeder heifers 27 to 29, good stocker heifers 32.75. Sulphur control guidelines to be issued to producers CALGARY (CP) The Al-1 berta government will issue in- ventory control guidelines ef- fective next Jan. 1 for provin- cial sulphur producers, A. R. Patrick, mines and minerals minister, said Thursday. Outlining a policy statement to the Alberta sulphur industry, Mr. Patrick said he expects the program will lead to a return "to reality and s'.ablization of world sulphur prices." The government hopes to cor- rect a serious over supply sit- uation which has resulted in fire sale fires on the world sul- phur market. "The plan should allow Al- berta to proceed with its pro- grams of resource conservation and pollution control and should result to more realistic royalty payments as the sulphur is marketed." Both Mr. Patrick and George Govier, chairman of the Energy Resources Conservation Board, told a news conference that a detailed application of the pro- gram remains to be worked out. Dr. Govier said the board now is working on "detailed Grain price review Winnipeg Grain WINNIPEG (CP) Rape- seed posted fractional ad- vances in both Vancouver and Thunder Bay position in a mod- erate trade at mid-session on the Winnipeg Grain Exchange. The increase in prices follows the release of a United States crop report confirming rumors thai corn acreage is down. All other commodities fluc- tuated slightly in a lighter vol- ume of trade. Thursday's volume of trade was bushels of flax, of rapeseed and Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Hoadhmise and McCuaig) tAST BID OR SALE a.m. nvnn ouolesi a.m. OucrTeM) 13.00 5.70 43.00 16.00 6.35 7.00 111.00 1.04 Royal Trust deal MONREAL (CP) The Royal Trust Co. has agreed to acquire Inter National Bank of Miami thmifih merger in ex- change for Royal Trust stock, the two companies announced hero. J, WESTERN OILS Almtnex 6.00 Alta East Gas 5.70 Asamera 21.00 Ashland BF Oil Gas Can Soulti Cdn Ex Gas Cdn Homestd 10.25 Cdn Home Pfd 19.25 Cdn Ind Gas Oil 11.75 Cdn Long Is Cdn Super Cen Del Rio Charter Chieftan Dome Pete Dynamic Pete 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 Agra tnd Atco Ind Aouataine Brtt Nfld Cdn Brew A Husky Oil Husky Oil B Husky Oil War Inter Prov Pipe Infer Steel Pipe Cdn Occidental Joutel Kaiser Res Kam Kotia Lake Dufault L Ont Port Cem MGF Manage Mentor Newconex Pacific Pete Rank Org Selk Hold Shell Can Shell Inv Pfd 1 28 Shell Inv Wts 1.63 Sicks Rainier .73 Teledyne 8 00 West Seed White Yukon .60 CALGARY i Acroll Barons Oil North Cent Madison Warner Corp In St F 5.09 5.56 Dreyfu" F U.S. 12.52 13.72 Gr Equtiy 662 7.27 Gr In Shares 3.61 3.97 11.05 12.05 5.54 6.09 5.38 5.92 17.50 42 75 7.60 12.50 Invest Gr l- 9 42Ya Invest Mutual Mutual Ac Mutual Twins perish at Sylvan Lake SYLAN LAKE (CP) Linds and Laurie Jarmin, eight-year old twins from Fenn, have been identified as the victims of a drowning accident in Sylvan lake. Neither could swim and ap parently ventured to far into th water while playing. .66 14.00 2.30 2.00 Nat Res N W Fn N W Gr 7.60 6.31 4.68 S.14 5.45 599 d 44 4.88 5.6! 5.B8 26.88 29.38 4.83 5.31 7.36 8.09 .66 1.41 .43 15.75 20.50 1.96 8.25 7.15 Gr Royfund 5.60 Temp Gr 34 United Ac 21 25 Universal Sav 1515 VANCOUVER 37.07Y2 Anuk 37.B7W Arctic Mining IBM Atlas Explor 2 Batn A BO Beth Copper ,150 Block Bros 12.75 Brenda B.C. Sugar 70 B.C. Sugar Pfd Capt Infer "03 Churchill Copper i.oo Columbia Cellulose 4.20 By Gene Fawcette A "SUPER-FAST" STRAIN OF BACTERIA HAS BEEN FOUND TO LIQUIFY GARBAGE IM lEff 3.60 6.80 19.50 16.50 8.25 Warner '.37Vi Coronation Credit 1.10 PIPELINE STOCKS Crcstbrook F Ind 4 Cdn Cdn Pacific Inv CPR Pfd Crows Ind Cygnus B Cum Proo Gt Cdn Oil S Gt Cdn Oil 6-75 Home A Home B Home Pitfld Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd Hugh Russell Inland Nat Gas 9.62'A N and C B.75 Pacific Gas Tr 27.37Vi N and C B Pfd 32.50 5.62'4 Gai Metro 5.75 29 Gaz Metro Pfd A 67.00 Tr Cdn P 33.25 1600 Tr Cdn P Pfd B 39.50 Tr Cdn P Pfd A 61.50 11 Tr P Cdn War 9.75 27.00 WC Trans 5.87W Western Pacifi .18 .26 7.60 .51 5.55 11.25 2.85 MS 4.75 6.25 12.00 5.50 100.00 34.50 34.25 2.25 19.50 47.25 58.50 20.00 "MUTUAL'FUNDS' Giant Mascot 1S.B7W Granisle 14 DO Growers B Key Indust Hys Interior Brevi Infer Mariner .75 Kamloops Copper Lornex 8.10 Lytton Minerals 1.85 2fi.fi2% New Imp Mines .64 650 Okanagan Hellcop 5.00 THAN A DAY. IN TESTS WITH CHOPPED VEGETABLE MATTER, 955oOFTHEMK- TURE WAS SUFFICIENTLY MACERATEP IN <6 HOURS TOPASSTHROUSHA 20-MESH SCREEN... Plains Pete .26 .10 ,65 All Cdn Dlvld All Cdn Vent Amr Gr F Cdn Invest F Col Mutual Cmnw Inter Cmnw Lev Corp Invest 603 6.62 Texmont 4.57 5.01 Trojan 655 7.15 Western Mines 13.RS 15.81 WC Res 3 71 4 08 Western Explor 5.50 6.01 Utica 0 of rye. tfid-session prices Flax: July Vt lower ov. Ills higher 2.47-liA, Dec. Vt wer 2.47B, Oct. not open, Maj ch 2.57B. Rapeseed Vancouver: July 2 gher 3.3914, Sept. 2% higher mSB Nov. higher 3.081s, an- Vi' higher 3.02B, March Vz gher 2.95B. Rapeseed Thunder Bay: Oct. lower Dec. Wt higher 8V2, May unch 2.9134. Oats: July unch 75, Oct. Va gher 74, Dec. unch lay 18 higher Barley: July unch Oct. s lower l.insB, Dec. lower OS'iA, May unch 1.08A. Ryc: July Vt lower 1.05A et. Vi lower l-OtWi, Dec. ower May not open. Prices for class two wheat or export to countries outside !A: 1 Nor 2 3 757 B 4 1 Durum .82% 2 l.Wi; 3 .6634 1GA prices: 1 Nor .827s 3 1.757i; 727s 1 Durum .79% 3 4 WINNIPEG (CP) Grain quotes Friday (basis Lake High Low Close Flax Jly 243 242% 243 Nov 247 24V.4 247% Dec 247% Oct 248 May 257% Rapeseed Tly 341% Sep 321% Nov 30M Jan 302% Mar 295% 'ancouvcr 335 313% 301 296 290% Rapesccil Thunder Bay 335 313% SOl'A 296 291% Oct 303% Dec 289% May 293Vi Oats Jly 75 Oct 74 Dec 73% May 74% Barley Jly 113% Oct Dec May Rye Jiy Oct Dec 113 108 106% 294% 233 291 74% 73% 73% 73% 113% 111% 109% 107% lOB's 105% 294% 283 291 74% 73% 73Vs 73-% 113% 112 109% 108 104 IOC's 105% specifics" in consultation with sulphur producers and the aim it to have the plan effective in time for marketing in 1972. Mr. Patrick said he expects other sulphur producers in the world will follow Alberta's ac- ion because it will be to their iwn interest. "We're going to have a stock- pile problem whether the plan vorks or fails." The guidelines, to be Issued either on a monthly or quarter- ,y basis, will inform sulphur Producing plants what percent- age they should add to inven- tory or stockpile. "All producers will be asked expected to comply with Mr. Patrick said. The minister also said that prior to the next session of the Alberta legislature detail e d consideration will be given to the possible need for special legislation for the creation of a sulphur marketing agency, or lo permit other actions by the government as may be re- lired. "These will be dictated by jr experience with the inven- ry control program." He said this did not imply at mandatory controls on arketing will be applied if the olunlary guidelines approach The program, regulating the mount of sulphur marketed in Iberia, will not constitute a mlrol of prices but will lead a stabilization of prices at ealistic levels, he said. Total industry revenue from berta sulphur prod u c i n g lants declined to S27 million ast year from a peak of million in 1968. "This was despite an increase n sulphur production from bout three million long tons in 968 to 4.2 million long torts ast year, and an increase in ales from 2 million long tons in 1963 to 3.1 million long tons n 1970." The average 1970 price for Alberta sulphur sales was less than S9 a long ton In 1970 com- pared with or more for a ong ton two years ago. Dr. Govier estimated that Al- berta likely would market 3.8 million long tons next year rom a total production of ibout 7.5 million. About half of die total production will likely be stockpiled. Beef futures WINNIPEG (CP) Live beef futures Thursday: Open High Low Close 33.25N Sep 32.00 32.10 32.00 32.10 31.50B May 108 Potato futures WINNIPEG (CP) Maritime potato futures Thursday: Open High Low Close Nov 2.25N Mar 2-65N Apr 2.70N Mav Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes! a.m. Quotes) MINES a.m. Quorest TIRED SUSIE While playing with o favorite toy, Susie, the darling of Riverside Zoo in Independence, Kan., somehow got the tractor tire aound her neck, and she couldn't get it otf. For that matter, neither could the park attendants until a hacksaw and knife were used to cut the tire. The fact Susie is even tempered made the chore easier, and she never lost her cool during the long ordeal. CONVENIENCE STORES Excellent opportunily for food store operators to own and operate new convenience stores forming part of franchised group with units located throughout Alberta. Managemenl advice, merchandising assistance, store super- vision and olhcr services supplied. An exceptional opportunity for ambitious people to enter the fast growing convenience store field and to own their own business for a modest investment. Minimum investment required: Apply in confidence stating educational and business background to: "CONVENIENCE STORES" Box 73, Herald nc Advocate Asb. Akaltcho Black Bay Bralorne Broulan Belhlehem Brunswick Cdn Tung. Cassiar Cenlral Pat. Ctiimo Conwest Cons. Rambler Coin Lake Cochenour Crairimont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery East Malarlic East Sullivan Falconbridge Frobex First Marlilmes Giant Y.K. Bovis Granduc Headway R.L Hollinqer Hud. Bay M S Hydra Ex. I so Jollet Quebec Korr Addlson Key Anacon Labrador Lake Shorr Madsen R.L. Malartic G-F. Martin Me. Maclntyra Meta Midrlm Intern Moqul Athona New Cnlumot New Imperial Osisko Patirio 2 05 Pine Point .45 Placer Dev. P-C. Exp. 1.96 Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Silver Miller Steep Rock Tek Corp. Texmonf .26 16.75 5.50 2.00 35.00 2.21 1.35 9.60 1.76 !l3V2 Uppsr Western Mines Wrlnht Har. Wilfroy Windfall Yellow. Bear 'INDUSTRIALS Dofasco CAB Fd of Amer Gt Cdn OH Gen Motors Gt Lakes Pap r-iilf Oil Cda Greyhound Huron Erie Hiram Walk Imperial Oil IMASCA Int Nickel Int Pipe Inv Gp A tnt Utilities Indust Accept Laurentide Kelly Doug A Loeb 6 20 Loblaw A Metro Stores Massey Ferg 21.50 29.75 31.00 1.06 .16 1.25 .29 15.50 6.75 16.50 .07 2.51 6.20 .57 1.95 3.20 1.35 .91 .99 1.05 3.00 96-25 .23 1.05 9.00 1.P5 6.85 i Abitibi Alcan Algoma Steel Atco Ind Atlan Sugar Hell Tel Brazil Trac B.C. Tel 7 00 McMillan 31.62V7 Moore Corp 13.25 Molsons A E 00 Molsons B North, Cent Noi Northgatc Opcmiska B.C. ForfSt .Ofl'A B.C. Sugar 41 00 CAE Ind Cdn Brew Chemccll 1 51 Ccl Cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indusl Csnflrifi S S Cdn Marconi Cdn Vickers Chrylser CPR Cominco Cons Bath Cons Gas Disl Sefi Horn Drldgo ,B3 Domtar DomToxtlle 9 in Horn Storrs 10.50 Dome Pete 3.15 8. BO .34 39.75 3.15 -RS 10.50 'ower Corp Price Co Rothmans St Law Corp Shell CDA 19 62Vi Simpson's 450 Simp Sears 7.12V2 Steel of Can 5.25 Selkirk A 4.10 Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Oil Versatile Mfg Weit ccl Union Car Weslon's R Woodward's A West Cdn Sd Zenith Elec 53.75 BANKS Can Imperial Montreal 1R75 Nova Scotia 12.75 Poyal 110.00 Toronto-Dom 63.75 20.25 13.50 19.25 24.50 1.10 11.00 13.00 32.75 305 E.75 27.25 63.25 24.00 .7S 25.00 64.00 5.60 79 50 16.12V2 25.00 14.12VS 21.75 20.00 34.25 7.B7V2 37.75 8.25 4 05 5.75 44.00 11.50 23.62V2 37.75 17.50 18.25 5.25 7.62V2 11.00 19.00 38.00 20.50 25.75 24.00 15.25 33.50 33.25 15.63V3 45 W) 4.25 11.50 17 75 17.25 4.50 1.B5 22.75 U.OO 26.75 77 25.75 the raking pickup designed to match the high speed performance of today's combines New York stocks Supplied by Richardson Securities of Canada Amr T iind T 44.50 Scars Bl-lh Sled 18.75 Sid Oil ol NJ. Chrysler 27.53 Tnxas Gulf Corral 47.00 Trxas Co Dupont 1-12.50 Wicks Corp RU 79-I2' J Woolworlh Gull Wosllnqhousc EIK 89 00 Inl J7.HW U.S. .Mod 31.SO Kcnn Copper ai.DW TORONTO 87 20 Golds 184.95 off M 79 10 Bnsp Mot 94.12 lip .31 17.87V3 15 W Oils 337.54 up .03 3600 VolumP 77.S.OOO YORK AVERAGES 4B.OO 30 Indur.l PR7.05 tip ,.V. 20 Rails 214.74 up .33 15 Ulllitios 117.93 up .09 65 Slocks 297.99 Up .23 Konn CODper Jl.alVt I UKun IU vj Word 37.00 20 Indust 179.JO U.C. Volum. MODEL 690 SUSPENSION WHEEL TYPE PICKUP Six of curved teelh onure complete coverage of ground area: ovoiloble In both 7 ond 9 ft. widlhl, oad hoi limplified Align. Model 690 ii built for high-speed operation, even in of 8 mph. ll'i lightweight, compocl, ond built for traniport. A SUND RAKING PICKUP CAN PAY FOR ITSELF IN ONE SEASONI MODELS TO CHOOSE FROM! All feature non-winding fin drapei, curved looth raking action, back ond front floating oction. Both wheel ond lui- peniion available la 7 and 9 foot Ideal for small grainl Makes harvesting eatierl Picks up downed crops with- out cutting) Cleener fields! Greater profits! Salvages 75% of hailed eropst Guaranteed fo give SEE YOUR LOCAL DEALER "Over a Quarter Century of Serving ;