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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 4, 1971, Lethbridge, Alberta Miscellaneous quotations GNP fisures show sharp sain i i 11 M IJim i A by Doherty and McCuaig) jn (he (hm. 1970 WESTERN OILS Husky Oil uso r.-nnw Lev 1% 1 .in estimated S84.46S labor force. This com- crease was much more moder- increase m ir.e u.M' in the tula! lares "wiih an average of i ate, only one tenth of one per three months 26 for each person in the cent compared with two per j GNP is widely u-gartk-d as jifaor force in in the lnai three monihi o: ixj-The over-all price increase of this M-ar. tamed mc-jsuie of the total moi fi stocfc j TORONTO (CP) Prices on e Toronto stock market wwed little movement in light lid-morning trading orices On index, industrials Were un-changed at 177.47. Golds dropped .08 to 185.4U and base .27 to 91.09. Western oils gained .30 to 208 07. Volume by 11 a m. was shares, down from at the same time Wednesday. Losses outnumbeied gains 96 to 90 with 196 issues unchanged. Weakest sectors were banks and trust and loans. Communications led advancing sectors. Leigh Instruments was down "4 to Canadian Equity '4 to Dynasty 30 cents East Gas his-y Oil B Pfd J375 Corp lives! 5.1 SM Almmei 10 Husxy War 870 Ctrp .n S F M J J 17 75 Inter Prov Pipe 12 25 Driylgs F U S 11.S7 13 12 BP Oil Gas mil Ulil Pld 3962'iGr pqiwy 595 653 Can souln 5 (u Inter steel Pipe In Snares 3 a ..yi Cdn Ex Gas 510 Jeliersm Lake 11.37'. Invest pr "JSsil Ashland 1175 Jculel 79 In.'Kl Mulull SU Cdn Homesld 900 Kaiser Res 600 _ JJ? Can Home Pld 1500 Kam Kol.a 109 Mutual Gr f 502 552 Cdn Ind Gas Oil 1150 L Ont Pert tern 1 m Cdn Long Is 11 AAGF Manage 1 90 N W Fin 431 4 H Cdn Super M 37'A Mentor 59 N 1, Gr 52! 57, Cen Del Rio 1375 Newconex 550 Gr ii? Charier 650 Pacific Pete M 50 Raylanil i 33 55] Chieftan 710 RankOra 1775 fc Dome Pele 9000 selK Ho'd n U'i Universal Sav 70S 778 Dynamic Pete 112 Shell Can 35 62' j Temp Gr 2474270, Total Pels 730 SHell Inv Pfd 3-: VANCOUVER Gt Plains 3400 Shell Inv f 32 Locniel 1'6 Sicks Rainier 2P71: [inn Mil City 180 We't Con Seed 3 75 or Nev.' Cnrt "3 While Yuk 1662'7 r U 75 North Cdn Oil 7 90 CALGARY 1 i. r5 Numac 7.45 Acrol, 55 700 Permo Ana Pele 16 1 1775 Petrol 134 Barons OI, rn; pfd 16-5 Pinnacle 78 Nrrth Cfa, Oj jw Place Gas 1 -0 Pialns Pele a oppj, 91 Ponder 60 west Warner 39 i e 5C7'i Ranger 1350 Madison I redit 575 Scurry Rain 23 Uli .16 F Ind 725 1" PIPEtlNE STOCKS MISCELLANEOUS t S TT I PH S INDUSTRIALS Kat Case 00 725 CM w Nat Gas 157i Grams'.- 1000 Atco Ind 850 Gas POO KeV lndtjst ,6 Aqualaine J? e 15 "s B .'15 Bnl HIM N 5nd C B Pld 3025 g3'" Nor5e 1" Cdn Brew A 30 50 Metro 4 60 2 Cdn Brew B 34 M SS Pfd A 65 ?6 Inlerlor 4 ;0 Cdn Hydro Car 15 62' a Tr Clin p 3175 Jer.cho 09 Cdn Pacific Inv 2525 Tr rrtn p pfri .1 .-n Karnloaps Copper II'; CPR Pfd 975 Tr Cdn P Pid A 65 SO 7M crowsnest Ind 2500 jr Cdn P vva" 1" CO Lytton Minerals 210 Cyanus A S 50 vVeslcoasi Tr 33 00 "ew Cygnus B 675 western Pac fie 1 BO oka'naMn Hslfcoo Gt S 570 MUTUAL FUNDS primer jj Gt Cdn Oil 6-75 100.00 AGF Special 3 59 Pyramid 53 Home A 2625 All Cdn Com 7.64 835 Silver standard 1 18 Home B All Cdn Diwid B ml Texmont i6 Home Pitfld 205 All Cdn Vent 342 374 Troian 24'b Hud Bay Co 17131-a Amr Gr Fund 530 582 Western Mines 350 Hud Bay Oil 41 25 Cdn Invest F 4 J5 4 ea Westcoast Res ,IJ Hud Bav Oil Pfd 5700 Col Mutual 410 670 western Explor 36 Hugh Russell 2250 Cmnw Inter 12421361 Utica 46 Toronto mines, industrials Supplied by Richardson Securities of Canada LASf BID OR SALE a.m Quotes! a.m. Quoles) a.m. Quotsi) MINES Noranda 3175 Dofasco 2475 .rm. n7 Northgate 8 30 Fam Play 9.75 "cme opemlska Fd of Amer 5700 Advocate Asb. 2 30 Qsisko 26 Gt cdn Oil 5 50 Akaitcho .50 Patmo 22 00 Gen Motors 80 25 Area Mines 155 Pine Point 28.75 Gt Lakes Pap 1900 Black Bay Placer Dev. 32.75 rjil Cda 21 00 Bra orne 2 50 PC. Exp .99 Greyhound 14.25 Broulan Quebec Man .17 Hawker bid 2 35 Belhlehem 1450 Rayrock 165 Ene Brunswick 535 Radiore m, Hjram Walk 3e m, Canada Tung 250 RIO Algom 1900 ,5 Casslar 2250 Roman Corp 720 Tob 1700 Central Pat. 230 s.lverlields ISO ,0 Ch mo 1 Shcrritt Gordon 17.25 Conwest 9 90 Silver Miller Cons. Rambler 198 S eep .Rock -S I'sl Mines l.S 200 Doug A 525 Den son Mines 28 00 Western Mines 3 25 A j ,J 6525 Windfall ld'2Ma3Sey Ferd 1050 Doraiida Yellowkmfe Bear 575 McMillan Bloe 2650 Discovery Mines l'.02 Zenmac .12 Moore Corp 31 sni East Malartic 1 10 INDUSTRIALS Mo sons A 1650 East Sullivan 335 7 Molsons B 1600 Frob'ex Fl 9E '7ls 2312V- o 2425 F rst Maritimes 1 OS Algoma S eel 1 5 25 Giant Y.K 1025 Atco Ind 850 850 Bovis Gunnar 1.90 Allan Suoar 775 i 11 62Vi Granaur 685 Belt Tel 47 75 p 1900 Headway R.L. 1050 Brazil Trac 1687Vi 3! 25 Hollinger 3550 B C. Tel 6550 1800 Hudson Bay M-S 21 SZVi Burns 11 12'i 11 75 Hydra Ex 26 B C Forest 34 00 -n 37 00 Highland Bell 3.15 BC Sugar 1775 11 mi Iron Bay 360 CAE Ind 450 ISO 168 cdn Brew 750 A 1100 Joliet Quebec 20 chemcell 485 Pp 2i87'A Kerr Addison 960 Co, cellulose 575 Pp 3225 Key Anacon 33 Ca) Power 26 37'.'2 Labrador 3535 cdn 4, M Lake Shore 3 Cana da s s 30 25 1 60 CP c Cdn Marconi 3 70 10 75 Langis bilver -I- Chrysler 3700 1500 Ml rtic G F 85 CPR 70 Martin McNeely 50 ,A I9'7''2 Mavhrnn Con5 Batn ld 3 7S cons Gas 19 371-2 vl Dist Sea 5225 BANKS 2B Dom Bndga 20 6313 Can Imperial 21 75 Intern Mogul 1150 Domtar 1525 Montreal 1525 New Athona .16 Dom Textile 1512'i Nova Scotia 2325 New Calumet 34 Dom Stores 1075 Royal 2475 New Imperial 138 Dome Pete 9000 Tor-Dom 21 New Yorfc stocks Supplied by Richardson. Securities ot Amr T and T 48 62Vi Montgomery Ward 3! 87'; 20 Golds 18541 off .13 Anaconda 20.12V2 Sears 81 75 10 Base Mel 90.92 off 44 Bin Steel 2425 Std Oii of N J. 7700 15 W Oils 20819 up 43 Chrysler 2725 Texas Gulf 13P 37'; Volume Comsat 69 Texas Co YORK AVERAGES Dupont 136 3j Woolworth 5125 :0 Indus! 884 84 up 217 General Motors 8012V2 Westinqhouse Etec 60 37' 2 20 Rails 19763 up .15 Gulf 31 CO US Steel 24 G7' 15 Utilities 121 52 off 06 Int Harvester 3150 TOP.ONTO AVERAGES 65 Stocks 291.77 up .49 Kenn Copper 31 30 Indust 177.56 up .00 Volume the Dominion Bureau of Uitistics teported today. The Canada's gross na-icna! -A as 7.5 per cent ilgher than the GNP for 1969, million, but the price in-lease for the year was 4 1 per 'ent. This a slightly slower ate of over-all growth, and a Considerably higher rate of 31 ice increase, than has in recent years In the final three months; of 970, the GNP was estimated to K? running at an annual rate of '86, .176 million, up sharply from 84.988 million in the third quarter. The GNP now is likely o exceed million by the end of 1971. Last year's total output of goods and services, valued at current market prices for the was the equivalent of for each person in per cent last year compared 1 COMBINES WITH RECOVERY v-th an increase of 4.7 per cent This, combined with a recov-R However, the bureau i try from earlier in 1970 in the >aid, during the final three 1 quantity of goods and services: months of 1970, the price in- pi oduced, i-esulted in a of tne countr> u aiues Soods and unices at the end of he pioduciifn ime. sold lo and nUiMn for us (HUiniulmion of nventories and new plani and wjuipmeni Wajjes, and supple-mentarv labor income totalled 517.043 million in up from 543.203 million in Military )av and allowances ro-w1 mod-stly to million from But corporation pi ofit.s before dov.n year o 57. 3M million from J7.852 in 19J9. Thej declined m the second quaiter of the year and afier a small ery m the third quancr they dipped sharply in October, .November and December As for goods ard services sold, personal expenditure on consumer goods j.nd ienii-fs rose to million for the vear iiom million in 19C9. Sl'EXniNG IT Government expenditures on currently-used goods and services rose to million from million expenditures on new buildings and equipment rose to million from S3, 032 million. House construction and business expenditure on new plant and equipment totalled S14.709 million last vear, compared with million in 1969. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about head; 7-mostly grades of slaugh- ter cattle with a large percentage of steers Trade was moderate on steers, active or hei- 1 fers and caws. Slaughter steers were .25 lower; heifers were steady, cows were mostly medium and canner kinds with all grades steady; bulls were barely steady. Choice slaughter steers 31.25 1 G to 31.60, good 30 to 31, medium 28 50 to 29.50. Choice heifers G 29.25 to 29.70, gaod 28 to 29, medium lo 27.75. Good CDWS 20 25 to 21 23, medium 19 2 20, earners and cutters 17 to p 19 Good bulls 21 to 25. Replacement cattle were mostly heavy, fleshy steers selling at steady prices. oek or slaughter calves offer- 1 early. Good feeder steers more than pounds 30 to 32. Good feed-heifers 2J to 31 Hogs base price 22 50. Lambs were 50 cents loner ednesday with good kinds 2o. 1 Macleod Livestock FORT MACLEOD On ter 577 ec'itle and calves eady trade on all classes. Choice steers 31 70 to 32 00 cclainer kinds brought to Grain prices Winnipeg Grain WINNIPEG (CP) All com-oditics except rye and oats ere showing fractional a-ength on slightly improved -ading at mid-session on the innipeg Grain Exchange to-ay. Rapeseed had light hedge of-rs and fairly good exporter uying with prices up to two snts higher. Flax also had light hedge of-r? and scale-down exporter uying. Some exporters were buying arley while oats was inactive. Rye had exporter buying in !ay with commission houses n both sides of the market in her months. Wednesday's volume of trade as bushels of flax, of rapeseed and rye. Mid-session prices: Flax: May unchanged 2.54B; uly Vs higher Oct. Vs igher Nov. not open. Rapeseed Vancouver: March "i higher 3.07B; May Hi high-r 2.91 ViB; July higher 2.74 aA; Sep. unchanged 2.58Vi. Rapeseed Thunder Bay: pril unchanged 288; June 2 igher 2763'iB; Oct. and Dec. ot open. Oat s: May, July, Oct. and tec. not open Barley: May 3s higher .31 Vi; July, Oct and Dec. not pen. May 'i higher 1 14A; uly unchanged 107k; Oct. Vi ower 1.09''iA; Dec. unchanged .13. Prices for class two wheat Vednesday for export to coiin-nes outside IGA- 1 Nor 1.80 a; 2 S 4 Durum 1.79V4; 2 3 1.67 s 4 1.63 IGA prices: 1 Nor 2 1.787s; 3 1743i; 4 1.71 t; 1 Durum 1.79V4; 2 l.761i: 3 4 1.63. Grain quotes Wednesday basis High Low Close Flax lay 2545s 254 254 fly 252rt 3ct 256 256' s 253% Rapeseed Vancouver Hay 287' i 290' i Fly 272U 272U 3ep Rapeseed Thunder Bay 288 286 288 lun 27412 3ct 2-56 Dec Oats May 85' 4 SS'.i Jlv 85'z Oct 80 ''4 Dec Barley May ISO's 130', Ily Oct 122' i Dec 124Ti May 114's H3'i 1133i Tly 107' i 107" 2 Oct 10SH2 Dec 95, Syracuse 20 cents to Central-Del Rio Ji to and BP Oil and Gas five cents to Dome Pete rose H to 590, Fraser to Canadian Industrial Gas to and Alcan to Horgold Mines Ltd. was suspended fiom trading on the exchange because of failure to meet listing requirements. The stock closed at five cents a share Wednesday. LIGHT TRADE MONTREAL (CP) Prices drifted uneasily in light trading on the Montreal stock market today Banks were up .96 to 189.99 and the composite .01 to 175 31 while industrials slipped .06 to 178.33, utilities .21 to 153.29 and papers dropped 1.06 to 89.25. By 11 am. shares traded. Highlighting gains, Dome Petroleum was up ?1 to Petro-fina Canada Vs to S21V2, Canada Steamship Line Vi to British Columbia Telphone Vz to Sfio'A and Bank of Commerce to National Sea Products was off to 553, Hollinger to Canada Cement Lafarge to and MaeMillan Bloedel to ?26Vi. SMALL ADVANCE NE'.V YORK (AP) Glamor issues were among the major contributors today to a small stock-market advance. The Dow Jor.es average of 30 industrials was ahead 2.47 to 884.86 a4 noon. Granby Mining and Hudson Bay Mining each tacked on Vt, to and respectively. Alcan, Canadian Pacific, Dome Mines. Genstar and International Nickel were all off Vs. On the American Stock Exchange, Canadian Javelin rose to and Scurry Rainbow Oil Vs to support teachers WELLAND, Ont. (CP) Students in three area schools kept their promise Wednesday and refused to attend classes as a show of support for teachers protesting a decision by the Niagara South board of education to reduce the number of teachers. More than students walked out at two high schools in Fort Erie and one at Thorold. Students who attended a board meeting here Tuesday night said they would strike Wednesday to protest the cutbacks. They requested that the number of teachers remain the same The board's 950 teachers at 16 high schools started a work-to-rule program Monday to protest the board decision. The immediate result was a slowdown n extra-curricular activities such as sports and school plays. The board said 185 teaching positions, to become vacant through resignations and retirements will not be filled because of the provincial government's new spending Trust cuts rate MONTREAL (CP) Royal Trust Co. today announced a reduction of one-half per cent in the interest rate on conventional and National Housing Act Mortgages. The new rate of nine per cent will be applied to houses and duplexes. The company also announced a reduction of a quarter per cent to 9Vz per cent the rate on loans for commercial, industrial and other real estate. The interest rate on savings accounts was reduced to five from per cent. Earlier this week several other trust companies and chartered banks announced similar becoming headache McLENNAN (CPI An inquest into Alberta's first snow-mobile fatality recommended that the present snow vehicles act Ire revised with greater emplu'sis on safety. Henry Thibault, 26, of Fahler, died Feb 4 when the snowmobile he was driving collided with a truck driven by Armand Belleneve, also of Fahler. Mr. Thibault vas wearing a safetv helm.et but no goggles. Befoie sending the jury out, coroner Dr. H. W. Fish of McLennan said chief coroner M M. Cantor had asked for recommendations. "Snowmobiles are proving to be quite a headache in some centres because of irresoon-sible Dr. Fish said. Some drivers "tend to have a lot of power and don't know how to use it." He described Mr. Thibault's death as a "misadventure" to which no blame could be attached. sales up TORONTO ICP) Prudential nsurance Co. of America it had record sales in Canada with million worth of ife insurance sold during 1970, m increase of million jver 1969. Business in force in Canada otalled million at the end if the vear and net gain over [he tota'l at the end of 1969 was almost S180 million. Floyc H. Bragg, senior vice-M-esident in charge of Pruden-lal's Canadian operation, said Canadian policyholders' assets otalled more than million at Dee 31 and combined" Canadian and U.S. policyholder investment in Canada was about million. Prudential is a policyholder-ov-ned company and the total paid to Canadians for dividends or claims was 7 million in variety 011 the market OTTAWA (CP) A new higher yielding variety of durum wheat with short straw has been released by the agriculture department, it was announced here. The department says the new variety, Wascana, may replace Stewart and Pelissier, both popular varieties on the Prairies. Beside its short straw, higher yield and earlier maturing date, Wascana is resistant to loose smut, bunt, leaf and stem rust and moderately resistant to kernel smudge. It is eligible for the top grades of Canadian amber durum wheats, the department million in projects approved CALGARY (CP) The Cal-g a r y Planning Commission Wednesday approved million in building projects for the city, including a million housing development. The development, announced by Famous Players Ltd. and franchised development group of Edmonton, will involve four high-rise apartments and a number of smaller buildings. The project would occupy a 55-acre site along the Bow River in northwest Calgary and would contain 1.462 suites. A million, 41-storey apartment building near the Husky Tower in downtown Calgary was also approved, along with a provincial judges' court and remand centre, valued at ?5 prices EDMONTON (CP) Prices to 11 a.m. provided by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted 22.50 to 2325, selling 23.25. Average Wednesday 22 95. Red Deer: Quoted 22.55, selling 2255. Average Wednesday 2243. Calgary: Quoted 2250, selling 22.50. Average Wednesday 2271 Lethbridge: No market. Average Wednesday 22.62. Lloydniinster: No markei. Average Wednesday 22.82. Total hogs sold to 11 am, 701. Sows selling r. and 1003 4th Avenue S., Lethbridge Telephone 328-4426 Qata Value MONTREAL (CP) U.S. dollar in terms of Canadian funds down 1-16 to Sl.OO 21-32. Pound sterling down 5-16 to plays big role iii foreign policy WASHINGTON (AP) The state department said Wednesday that State Secretary William P. Rogers "has played and continues to play a decisive role in foreign policy decisions The department, through press officer Robert J. Mc-Closkey, was replying to a statement by Senator Stuart Symington (Dem. Mo.) that presidential adviser Henry A. Kissinger has become secretary of state in everything but title President Nixion said Tuesday, through a spokesman, that the statement is not futures WINNIPEG (CP) Tne Winnipeg live beef futures market Wednesday had trades in March between commission houses on both sides of the market at prices 10 points above previous levels. Four contracts were signed Tuesday. Open High Low Close Mar 33.00 32.00B May 31 BOX Jly YORK (CP) Canadian dollar up 5-64 at in terms of U.S funds. Pound sterling down 7-64 at 13-16. Total hogs sold Wednesdrr, average SALE 4-H CLUB DISPLAY BUILDING LETHBRIDGE FAIR GROUNDS of ANTIQUES, CANADIANA DECORATOR ITEMS BYGONES AND COLLECTABLES Sat., March p.m. earnings Bv THE CANADIAN PRESS Bank of Nova Scotia, three months ended Jan. 31: 1970 200. 35 2 rents a share 19S9, 874, 29.8 cemts. L o b 1 a w Companies Ltd., 4( weeks ended Jan. 2; 1971 W693.COO. 35 cents a share; 1970. 51 ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK Consign to PICTURE BUTTE AUCTION MART Ideally located In the centre of large cattle feeding and hog raising area it's called THE SECURITY GRAPH J -By: Eric Mayeske How much Life Insurance do >ou rcallv need to uuarantee >our futures WINNIPEG (CP) There was moderate activity on the Maritime potato futures market Wednesdav with trades in March and May. Four trades were completed Tuesday. Open High Low Close Mar 2.20 2 Anr 2 May 2 w 1 r.iB Nov 2 B( THE PRESS Beaver Lumber Co. Ltd. common 12'i cents, class A pfd. 35 cents, all April .1 record March an oak roll -fop desk, oak swivel office chair, candlestick telephone, Old English Mahog- 1 any canteen of silver cutlery. you with a host of other interesting and unusual items including fine quality original oil whale oil lamp, English banquet and pailoi lamps, Railway anlerns, horse brasses, copper and brasswore, erysta and glassware, fine qua ity antique furniture, U OF I BASKETBALL RAFFLE rt t ft' n t NESSMAN TABER, ALBERTA THANK YOU FOR YORK (Renter) Mayor John Lindsay has yielded to the Patrolmen's STABILITY EXPERIENCE For over 60 kind of future >ou want them U) enjoj The Manufacturers Life's I Security Graph answers this question b> an easily furniture, early radios, shavino mugs, photo-album, piano stool, dining room table, brass Military Drum, crockery of various types and description SATURDAY, March 6 at 1 p.m. 400 HEAD 400 ALL CLASSES OF CATTLE Also 400 TO 500 WEANER, FEEDER HOGS AND BROOD SOWS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOE or JIM JURIS Phone 732-4400 or 732-4468 Picluro of the city's policemen will receive in pay retroactive to Oct. 1, write oil kinds of INSURANCE Life Insurance will enable >ou and family to get maximum benefits from present policies. I or more information JIHI mail of Team harness complete with Scotch Tops and Scotch Homes inc uding attached ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BUILDING TELEPHONE LIFE and can Save you MONEY SEE US coupon To: MANUFACTURERS LIFE INSURANCE COMPANY 210 Professional Bldg., 327-5514 1 would Irke to know more about your SECURITY GRAPH: NAME ___ _____ ADDRESS ON VIEW Friday, March 5 from p.m. to 9 p m Saturday, March 6 from a.m. to noon HARRISON AUCTION SERVICE 8820 48 AVENUE N. W. CALGARY 50, ALBERTA. L Auctioneer: J. (BILL) HARRISON License No. continuous 3rd Ave. S Iclhbridge Phone ;