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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 13, 1972, Lethbridge, Alberta Market prices up in light trading Livestock report, TORONTO (CP) The To-1 ronto stock market edged frac-' tionally higher in light mid- morning trading today, erasing losses suffered during the open- ing minutes of the session. Golds ended three consecutive declining sessions b y moving sharply higher while base metal issues remained lower. The gold index was up 5.31 to 211.94, industrials .01 to 202.94 and western oils .21 ta 227.15. Base metals dropped .22 to 95.65. Volume by 11 a.m. was shares, up from at the same time Monday. Despite the advance, declines edged gains 115 to 100 with 190 issues unchanged. Among gold issues, Dome Mines was up Vk to Campbell Red Lake to and Sigma live cents to Banking, beverage, steel, pipeline, communication and general manufacturing issues were strong while merchandis- ing, real estate, chemical and oil refining stocks drifted mod- erately lower. Murritt Photofax rose to Falconbridge V? to Numac to Canadian Imperial Bank to aiuj Western Realty Products to Bank of Nova Scotia rose to Pan Canadian Pete Va to Molson A Va to United Canso 20 cents to and Westcoast Transmission BANKS DIP MONTREAL (CP) Banks eased back slightly today after Monday's gains prompted by announcement that joint action was being taken to push down short-term interest rates. Prices Auto mechanics attend finals MONTREAL (CP) Thirty eight students from 19 second ary and vocational school across Canada met Monday fo the start of the three-day finals in the Chrysler trouble- shooting contests. The students, who are study ing automotive mechanics, wo regional contests in mor than 260 schools participated. Prizes include college scholar ships ranging in value froi to Trouble-shooters work in twi man teams. After answering 10. multiple-choice questions, th teams are assigned new cars i which several malfunction have been set up and concealec Winners are determined the basis of written examina tion, applied mechanical ski and time required to correct th hidden problems. Beef futures WINNIPEG bee futures Monday. Jly 37.40N; Sep 35.75N Nov 35.50 B. Friday's volume: No co tracts. other sectors held firm. Banks were off .54 to 250.60 hile industrials were up .22 to 6.29, utilities .71 to 162.30, the mposite .24 to 203.74 and pa- irs .19 to 84.88. Combined volume on the ontreal and Canadian stock Khanges at 11 a.m. was J6.200 shares compared with at the same time Mon- ay. On the Montreal exchange, apid Data strengthened afler eing hit by profit-taking Mon- ay. The stock was up 1'A to 2814 today as Aquitaine ii reased to and Distiller: eagrams to after report- ng record sales and earnings ir the nine months ended Aprif 0. Texaco Canada was off Credit Foncier 1 to iorder Chemical 'A to Fal- onbridge Nickel to loyal Trust to Hudson 3ay Mining and Smelting Vi to 22W and Canron to ?20J4. LOW TRADE NEW YORK (AP) The tock market was practically on ead centre today as prices moved very little. Trading was low. Brokers said it was a case o luyers hesitating because of thi market's sharp losses last wee] and the indecisive performance londay. The noon Dow Jones average if 30 industrials was off .90 to 933.81. Glamor issues were mixed, steels unchanged, some of the motors up slightly, and some of he categories nearly level. Noon prices included Fannie llae, up Vt at Levitz Furni- .ure, ahead Ha to Stand- ard Oil up to General Foods, off Vi at and International Tele- >hone, down U4 to Among Canadians, Canadian Pacific was up to Dis- jllers Seagrams Va to Dome Mines to and Hudson Bay Minnig Va to Alcan dropped to Gen- star Va to Granby to and Inco to On the American Stock Ex- change, Brascan lost Vn to Scurry-Rainbow was unchanged at Lellibrrdge Livestock There were no cattle Bales Monday duo to the weekly sale of weaner and feeder hogs. Sales 800 hogs. All classes of weaner and feeder hogs met j good demand. Weaners sold op- proximatley per head lower while heavier feeders sold bout steady. Weaners 12 to 3.25 per head; light feeders inder 100 Ibs 21.25 to 30.25; rteavy feeders 100 to 130 Ibs- 6.50 to 33.50; heavy feeders iver 130 Ibs. sold to 39.75 per lead; light feeders under 100 bs. sold from 28.23 to 45 per cwt; heavy feeders over 130 bs. sold from 24.50 to 30.50 per cwt. Boars sold from 33 to 103 >er head. Bred sows sold from 79-86 per head. Butcher hogs sold Monday at the Lethbridge yards 30.80 to 30.95 base price. medium 33 to 35. Choice heifers 33.75 to 34.35, good 32.50 to 33.50, medium 30 to 32. Good cows 26.50 to 27.50, medium 25 to 26.25, canners and cutters 24 to 24.50. Good bulls 28 to 30.60. Replacements were mostly short keep steers stlling at fully steady prices; stock heif- er calves were steady. Good feeder steers more than 750 pounds 35 to 38. Good feed- er heifers 32 to 35.40. Good stock heifer calves 35 to 38. Hogs base price 30.70. Hog producers may settle fight Calgary livestock CALGARY (CP) Receipts at the Calgary livestock mar- ket to 11 a.m., about head; mostly steers and heif- ers. Trade was active. Slaughter steers were steady; heifers were barely steady with light kinds discounted cows were steady and a few bulls were steady. Choice slaughter steers 36.50 to 37.30, good 35.25. to 36.25, Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board. Edmonton: 30.75, average Monday 30.56. Red Deer: 30.65, average Monday 30.45. Calgf-ry: 30.70, average Monday 30.67. Lethbridge: Nil, average Monday 30.86. Fail-view: Nil, average Monday 29.55. Grande Prairie: Nil, average Monday 29.65. Lloyd minster: Nil, average Monday 30.86. Fort Macleod: Nil, average Monday, 30.57. Total hogs sold Thursday, average 30.55. Average for sows Monday 23.05. Grain prices Winnipeg Grain WINNIPEG (CP) All com- modities but oats were on a fractionally lower price pattern at midsession of the Winnipeg Grain exchange today. Oats was unchanged on a light trade. Rapeseed d o m i nated tho market on a light trade. Volume of trade Monday In- cluded bushels of flax, of rye and bushels of rapeseed. MID-SESSION Flax: July lower 2.70; Oct. lower Nov. Vz lower 2.7231; Dec. lower 2.71. Hapeseed Vancouver: June not open; Sep. lower Nov. lower 2-44; Jan. 114 lower Rapeseed Thunder Bay: July li, lower Oct. Via lower Nov. iVz lower 2.33; Dec. not open. Oals: July unchanged 69V4; Oct. and Dec. not open. Barley: July 1.09ft; Oct. VB Dec. unchanged 1.11. Rye: July Oct. Va lower lower Grain quotes Monday (basis High Low Flax Jly 27614 Oct 27431 sfov Dec 27214 27114 Rapeseed Vancouver Jim 243 24114 Sep 24614 Nov 245 2449: Jan 244 Rapeseed Thunder Bay Alberta tops in drilling activity CALGARY (CP) _ The pe troleum industry drilled 895 wells in Western Canada dur ing the first quarter this year exactly the same number as in the first three months of 1971 Footage was slightly within feet from feet Alberta was the scene o most activity with 059 wells, in eluding 210 gas producers ani 96 which hit oil. In the same pe riod of 1971, Alberta had 56 wells drilled. British Columbia had 11 wells with gas in 32 and oil i 25. Ten welis In Saskatchewa hit gas and 36 hit oil out of tries while in the Territories 2 holes produced two gas wells The lone test in Manitob was to obtain geological infov mation only. Tuesday, Jun. 13, 1972 THE IETHBRIDGI HERAlo _ 17 aids cros By I? 1C SWI1IART Herald Slpff Writer A conflict within (lie Alberta o g Producers Marketing oard, which has developed nlo an apparent power strug- le, should be resolved at a pecial meeting in Red Deer Wednesday at 8 p.m. More than 500 producers and le majority of the board's dir- ctors are expected to attend meeting in the Junici1 Ac- tivities Hall on the Red Deer airgrounds. The bone of contention Is the equested resignation of board hairman Sten Berg and the udden departure of general manager Dr. Bruce Jeff cry and the reasons behind both ac. ions. The board, in a news release, said air. Berg was asked to re- sign in the "interests of and in consideration for future board harmony." The statement added that Dr. Jeffery resigned because "ho felt that he could not function without Mr. Berg as chair- man." That statement, however, was called "nonsense" by e. south- ern Alberta producer who add- ed ho feels there Is some out- side interference from a major farm organization in the opera- tion of the board. The prominent, hog producer from the Lethbridge district said some producers in south- ern Alberta feel there is a per- sonality clash within the board's executive structure. The Herald has learned that a special meeting of the South- ern Alberta Hog Producers As- sociation will be held in Del Bonita tonight at 8 p.m. to sort out much of the controversy. Delegates and Wayne Smith director for the board, in the south, are expected to attend. in Alberta areas Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) a.m. vjuotesi fJTiOO Quolei) Appoint new deputy minister EDMONTON (CP) Vic Mc- Cune has been appointed deputy minister of highways, it was announced today by the Alberta government. Highways Minister Claren ce Copithome said in a statement that Mr. McCune succeeds Les McManus who retired May 31 after 36 years of service, Mr. McCune has been the department's chief engineer since 1962. MINES Acme AdvKate Asb, AkaEttho Bralorne Broulan Belhlehem Brunswkk Canada Tung. CassFar Central Pat. Chrmo Conwesr Cons. Rambler Coin Lake Cochenour Cralgmont Dlckenscn Mines Denlson Mines Deer Horn D'EIdona Dom9 Mfnes ATdwia Discovery Mines EasfMalartk East Sullivan Falconbrldge Pretax FTrit Giant Y.K. Bovis Gran due Headway R.L. Hoi linger Nor I ex Osisko 1.70 PJne Point ,66 Pfarer Dev. 2.35 P C. Exp. .32 Quebec Man 20.37W Rayrock J.OO Radlore 1.52 Rio Algom 16 50 Roman Corp. 1.56 Sherrlrt Gordon 1.16 Silver Miller 7.35 sleep Reck 1.62 Tek Corp. Texmont .55 Upper Weslern Mfnes l.iS Wright 31.25 1.97 5.45 .55 1.95 ?.as Hargreaves 1.20 1.20 ,28Vi Dofasco .27 Cable 31.25 Ford of Am Grr Cdn Oil 3.EO con Motors Gft Lakes Pp Gulf oil Cda Greyhound Hawker S1d Huron Erie Hiram walker Imp Oil 1.16 .la 20.75 7.60 14.75 3. a 41.50 Hudson Bay WrS Hydra E> Iron Bay ts VANCOUVER T-33 MINES Affon 031-. Atlas Balh 5.31 5.73 5.92 5.06 5.5S 6.63 6.90 7.12 7.73 545 8.03 668 10.18 1M7 7.65 B.41 5.55 Brlnco Cdn Brew A Cdn Brew D T'50 Alfa Gas Pfd AHa Nat Gas Inland Nat Gai 93 N end; C Gas -M N and C B Pfd Pacific H.75 Gar Metro Gar Metro A Trans Cda Pips Trans Cda B Trans Cda War WC Trans WC Trans Wts MUTUA LFUHDS All Cdn Com All Cdn Dtvld, AM Cdn Vent Brenda Churcl CroydL.. Davenport Oankoe Dolly Varden Dynasty Copper 1.38 5.45 9-75 6.50 30.50 34.00 57.75 71.00 20.75 port ReUanca Giant IS W.8TO pyramid Silver Standard Bw Texmtxit 5.35 .16 ,35 4.90 8.95 50 .25 550 .05 7-34 [KDUSTRIALS 5.62'A Gr F Special Block Bros 3.45 Invest F 5.04 B.C. Sugar 21-00 Mutual 6.79 746 B.C. Sugar Pftf 17.50 Cmnw Inler 14.42 15.48 Capt Infer 5.62'A Cmnw Lev 3.B7 4-25 Crestbroofc P Ind 3.75 Corp Invest 6.12 6.69 Hys 3.20 1525 Corp In St F 5.71 Columbia 3.45 32.00 Dreyfys F U.S. 13.24 14.51 Key IndusT .55 32.00 Gr shares 4.C3