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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - March 5, 1971, Lethbridge, Alberta Klliiiilii iiiiiiiiiiMli Stock market prices lower TORONTO (CP) - Prices on the Toronto stock market were mbced to fractionally lower in moderate mid-morning trading today. On index, industrials were down .03 to 178.47 and base metals .23 to 91.17. Golds rose .07 to 183.05 and western cdls .85 to 209.31. Volume by 11 a.m. was 637,000 shares, up from 627,000 at the same time Thursday. Grains outnumbered losses 166 to 94 with 197 issues imchanged. Weakest sectors were banks, communication and steels. Bank of Montreal was down % to $$14%, Southam % to $58%, Bell Vi to $47?4, Canaddian Imperial Bank Va to $21%, Reitmans sales rise DETROIT (AP) - U.S. sales of foriegn and domestic cars increased by nearly nine per cent in February compared with the same month last year. Sales of American-made cars were up 6.4 per cent with General Motors and Ford both showing gains and Chrysler and Americam Motors declines. Although Volkswagen's Febru-ary sales were down this year from last, sales of foreign imports were up 24.3 per cent, largely due to gains posted by Toyota and Batsun, both Japanese manufactured. Sales of foreign cars made by or for American -firms increased 47.3 per cent, mainly because three such models-Plymouth Cricket, Dodge Colt and Mercury Capri-were not on the market a year ago. The total of 744,376 cars sold in February included 636,041 American-made cars, 93,191 foreign imports and 15,144 imports made by or for American firms. In February 1970, there were 682,999 oars sold, 597,763 of which were American made, 74,956 foreign imports and 10,280 imports made by or for American firms. For the first two months of this year sales are running 9.88 per cent ahead of last year. Sales of American-made cars are up 7.47 per cent, while sales of foreign imports are up 21.9 per cent and sales of made-for-the-U.S. imports are up 60.16 per cent. 1 to $19, Stelco 1/4 to $27% and Westcoast Transmission % t o $23%. International utilities was up m to $43, Petrofina % to $22, Cominco % to $2iy4, Pacific Pete % to $31% amd Home A Vs to $267/8. MONTREAL (CP) - Most sectors strengthened modestly in light trading on the Montreal stock market today. Industrials were up .36 to 179.34, utlUties .25 to 153.72, banks .22 to 190.71, the composite .33 to 176.18 while papers eased .19 to 88.93. By 11 a.m. 136,400 shares changed hands. Initemational Utilities was up $11/8 to $43, Cominco $1 to $22, Petrofina Canada % to $22, International Nickel % to $44%, Dofasco 1/4 to $24%, Massey Ferguson Vi to $10%, Gulf Oil Canada Vi to $21%, Moore Corp 1/4 to $35, Husky OU1/4 to $17%. Bank of Montreal was off 7a to $14%, Velcro Industries % to $18%, Rio Algom % to $18%. NEW YORK (AP) - The Dow Jones industrial average flirted with the 900-leveI-Ha point reached last in June, 1969-as stock prices advanced sharply today in active trading. The Dow Jones average of 30 industrials was up 6.37 to 897.73 at noon. Among Canadiansonthe NYSE, (Canadian Pacific gained % to $69%, Distillers Seagrams was ahead % at $55%, International Nickel was up % at $44% and Alcan was up % at $23%. Genstar Ltd. was off 1/4 at $11. On the Amex, Scurry Rainbow Oil was up % at $24i/a while up % were Molybdenite Canada,at $3.25 and Preston at $9%. Potato futures WINNIPEG (CP) - There was fair action on the Maritime potato futures market Thursday with trades in the nearby futures. Wednesday's volume of trade was 21 contracts. Open High Low Close Mar 2.20 2.20A Apr 2.35 2.35A May 2.95 2.fii5B Wheat Board appointments announced WINNIPEG (CP) - G. N. Vcgel, assistant chief conrniis-sioner of the Canadian Wheat Board since 1969, was appmnt-ed chief commissioner Thursday. The appointment was made by Otto Lang, minister in charge of the wheat board, and made public by the board in Winnipeg. Mr, Vogel succeeds W. C. McNamara who was appointed to the Senate late last year. D. H. Treleaven, a commissioner since 1965, was named assistant chief commissioner and R. M. Esdale, a marketing CO - ordinator, was appointed commissioner. Grain prices Winnipeg Grain WINNIPEG (CP) - Moderate strength developed in flax at mid-session on the Winnipeg Grain Exchange today on exporter buying and light hedge offering. Gains were fractional but were maintained in all futures. Action in Thunder Bay and Vancouver rapeseed dwindled, and most rapeseed futures were on a slightly easier pattern. Oats and barley were steady, and all rye futtires were steady. Thursday's volume of trading was 262,000 bushels of flax, 885,000 of rapeseed and 161,000 of rye. Midsession prices: Flax: May % higher 2.54y8B; July % higher 2.53%B; Oct. % higher 2.57%; Nov. % higher 2.54%B. Rapeseed Vancouver: March Vb higher 3.13%; May V4 low er 2.91%B; July % lower 2.75B; Sep. unchanged 2.58y4B. Rapeseed Thunder Bay: April % higher 2.87%A; June IVa higher 2.771/4B; Oct. unchanged 2.56B; Dec. not open. Oats: May Vs higher 85%; July unchanged 85%; Oct. and Dec. not open. Barley: May % lower l.SO'/s; July, Oct. and Dec. not open. Rye: May unchanged 1.13 %B; July 1/4 higher 1.07%B; Oct. unchanged 1.08%; Dec. not open. Prices for Class Two wheat Thursday for export to countries outside IGA: 1 Nor 1. 1.78%; 3 1.741/4; 4 1.71%; Durum 1.79%; 2 1.76y8; . 1.67y4; 4 1.62%; IGA prices: 1 Nor 1.80%; 2 1.78%;' 3 I.741/4; 4 1.71%; 1 Durum l.lQVa; 2 1.76% 3 1.67%; 4 1.62%. Grain quotes Thursday (basis Lakehead): High Low Close Flax May 254% 254 Jly 253% 252% Oct 257 256 Nov Rapeseed Vancouver Mar 311% 209% May 292% 290% Jly 275% 273 Sep Rapeseeid Thunder Bay Apr 289 287% 287% Jun 2763/4 274% Oct Dec Oats May Jly Oct Dec Barley May 131 Jly 128% Oct 122% Dec 124% Rye May 114% 113% 113% Jly 107% 107% 107% Oct 108y4 Dec 113 254% 253% 256% 254% 311% 291% 275% 254% 276% 256 254% 85% 85% 85% 85 Dividends By THE CANADIAN PRESS Aluminum Co. of Canada Ltd. foiu' per cent pfd. 25 cents, June 1, record May 7; 4% per cent 2nd pfd. 57 cents, May 31, record May 7. Loblaw Groceterias Ltd., 1st pfd. 37% cents; 2nd pfd. $1.50, both March 1, record Feb. 18. Loblaw Co. Ltd., $2.40 pfd., 60 cents, March 1, record Feb. 18. ADMISSIONS OFFICER Required Immediately by GRANT MacEWAN COMMUNITY COLLEGE This newly established College commences classes on a tri-semester basis in September 1971. The Admissions Officer will assist in the formulation of admissions criteria and systems and implement them as College procedures. He will determine the admissibility of all applicants for enrolment in the College and present admission information to other Divisions of the College in acceptable format. The successful candidate will be an efficient and accurate record keeper, hove some data processing knowledge and an aptitude for interviewing students. Salary commensurate with responsibilities, experience and education. Apply with full resume by March 10, 1971 to: The Director of Student Affairs, File No. A/0 Grant MacEwan Community College, 200-T0355 Jasper Avenue, Edmonton, Alberta. Tight money continues in Britain LONDON (AP) - The British govenmieint decided Thursday to continue its tight-money policy and maintained the Bank of England's lending rate at seven per cent, the second highest in Western Europe. The pound sterling, which had been backing off during the morning, immediately jumped four points in relation to the U.S. dollar, to $2.41845. The Bank of England's discount rate, which sets the level for all lending in Britain, is normally fixed by the government on Thm-sdays. It has stood at seven per cent since April. Britain's high rates have attracted a flood of speculative "hot money" from abroad wliich has swollen the Bank of (England's reserves of foreign currency to their highest point in 20 years. Friday, March 5, 1971 - THE LETHBP.IDGE HERALD - 21 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McChiaig) LAST BID OR SALE (11:00 a.m. auoiesi (11:00 i.m. Ouerev) (11:00 a.m. Quotest WESTERN OILS Alta East Gas A.70 Almlnex 6.10 Asamera 1B,25 BP on Gas 6.35 Can South 5.60 Cdn Ex Gas 5.10 Ashland 11.75 Cdn Homestd J.JO Cdn Home Pfd 15.00 Cdn Ind Gas Oil Cdn Long Is Cdn Super Can Del Rio Charter Chleffan Dome Pete Dynamic Pele Total Pete Gt Plains Lcchlel Mill city New Cont' North Cdn Oil Numac Permo Petrol Pinnacle Place G� Ponder Ranger Scurry Rain Spooner W. Decalta MISCELLANEOUS INDUSTRIALS ?.2S 8.75 24.50 Hud Bay Co 17.12'/j Amr Gr F 5.35 5.87 Hud Bay Oil 41.25 Corp Invest 5.44 5.95 Hud Bay Oil Pfd 57.50 Corp In S F 4.85 5.31 Hugh Russell 22.50 Dreyfus F U.S. 12.08 13.24 Husky on 17.50 Gr Equity 5.97 6.56 Husky Oil B Pfd 44.00 Gr In Shares 3.37 3.71 Husky on War a.95 Invest Gr 10.73 11.73 � � - - 12121/2 Invest Mutual 5.24 5.73 /J 37V, Mutual Ac 5.19 5.70 8 50 Mutual Gr F 5.08 5.49 HM N W Fin 4.35 4.78 '  ai N W Gr 5.2< 5.78 4,2,*, United Ac 4.68 �.14 1 o5 Universal Sav 7.10 7.80 11.00 34.50 34.50 14.25 3.00 Inter Prov Pipe Inti UtII Pfd '"'6'' Steel Pipe 11.62V4 Jelferson Lake .73 joulel 38.50 Kaiser Res 12.62ya Kam Kotia 4.75 L Onf Port Cem MGF Manage Mentor Newconex Pacific Peta Rank Org Seik Hold Shell Can Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Seed White Yukon CALGARY Acroil Ana Pete Barons Oil North Cont Plains Pete West Warner Madison Rexdale PIPELINE STOCKS Aita Gas Tr L A 49.25 , ,�, Al'o Gas Tr L Pfd 72.00 S.nVa Alta Nat Gas 23.50 30.50 Cdn W Nat Gas 15,75 3<00 Inland Nat Gas 12,75 1�.87'/i N and C N and C B Pfd 7.30 90.00 1.10 7.50 34.50 1.45 1.75 .83 7.60 7.75 .70 1.35 .78 1.52 .57 13.75 34.00 1.8� 6.35 VANCOUVER Anuk Arctic Mining Atlas Explor 2.90 1.90 1.00 3?:".^ geth Cop;�r B.C. Sugar B.C. Sugar Pfd Capt Inter Churchill opper Col ellulose ,HS,i Coronation Credit 16.37'/i crestbrookr F Croyden lily .32 .39 .39 .16 Agra Atco Ind Aquatalne Brit Nfid Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv 25.25 CPR Pfd- 9.75 Gai Metro 4.70 Crowsnest Ind 27.00 Gas Metro Pfd A 63,50 Cygnus A 5.50 Tr Cdn P 31.50 Cygnus B 6.621/2 Tr Cdn P Pfd 42.50 Cum Prop 16.00 Tr Cdn P Pfd A 62.25 W Doify Varden �II,, Dynasty .OSVs Fort Reliance 02 Giant Mascot Granlsle Key Indust Growers B Bathursf Hys Interior Brew Jericho Kamioops Copper Lornex Lytton Minerals 15.37'/j New Cronin 30.371/3 New Imp Mines 'Okanagan Heilcop Primer Pyramid Sllv Gt Cdn on S 5.75 at Cdn Oil 6.75 100.00 Home A 27.00 Home B 28.25 Home Pitfid 2.05 sliver Standard Texmont Tr Cdn P War 10.00 Tro|an Westcoast Tr 23.62'/j Western Mines Western Pacific 4.80 Westcoast Res MUTUAL FUNDS Western Explor AGF Special 2.60 Utica .32 .13 14.62V2 4.10 6.90 18.00 15,50 5.00 1,00 5.50 1.35 Ind 7.25 .22 .35 3.95 .61 4.70 10.00 .27 3.30 1.10 2.50 4.75 .091/s .10 7.10 2.01 .08 1,31 4.30 .16 .33 1.50 .65 .20 3.20 .14 .26 .46 Toronto mines^ industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quimi) (11:00 a.m. Guotn) MINES Acme Advocate Asb, Akaltcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Casslar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denlson Mines Deer Horn D'Eidona Dome Mines Dona Ida Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Maritime* Giant Y.K. Bovis Granduc Headway R.L. Holilnger .07 2.30 .49 1.55 Hudson Bay M-S 21.50 Hydra Ex, Highland Bell Iron Bay ISO Jollef Quebec Kerr Addison Key Anacon Labrador Lake Shore Leitch Langis Sliver Madsen R.L, Malartic G.F. Martin McNeeiy Maybrun Maclntyrt Meta MIdrIm Intern Mogul New Athona New Calumet New Imperial Noranda Northgate Opemlska Oslsko .06Vj Fa'Ino 2.40 Pine Point '251/j Placer Dev. 14:50 P-C. Exp. 5,30 Quebec Man 2 43 Rayrock 24:37'/j Rfiore 2 30 Rio Algom Roman Corp. Sllverflelds Sherritt Gordon Sliver Miller Steep Rock SIscoe Tek Corp. Texmont Upper Canada Western Mines Wright Har. .'171/j Willroy 1 00 Windfall Yellowknife Br. Zenmac INDUSTRIALS Abltlbl Alcan Atco Ind Atlan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcelt Col Cellulose Cal Power Coronation Credit C.W.N. Gas Cdn Indust Canada s S Cdn Marconi Chrysler CPR Cominco Cons Bath Cons Gas Dlst Sea Dom Bridge Domfar Dom Textile 1.45 9.95 1.94 .13 .40 8.25 1,40 29.00 .06 .85 65.25 1.10 3.40 135.25 .27 1.08 9.80 2.05 6.60 10.50 37.00 .24 1.30 32.25 8,25 10,50 .27 21,00 28.75 32.25 1.03 .17 1.65 .36 18.50 7.20 1.92 18.00 .08'/2 2.50 1.75 5,50 .65 2,02 3.20 1.23 1.03 .261/j 3.15 3.55 1,70 .21 9,55 .33 35.00 3.20 1.60 .12 .76 .85 9.50 .17 126.00 .13 .30 11.50 .16 Dom Stores Dome Pete Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf on Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Impriai Oil Imperiail Tob Int Nickel Int Pipe Inv Gp A Int Utilitleis Indust Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloe IS'/i Moore Corp 6.75 Molsons A .12 Molsons B North, Cent 7.12'/2 Pembina PP 23.121/2 Power Corp 8.621/2 Price Co 7.621/2 Rothmans 47.75 St Law Corp 17.00 Shell CDA 64,00 Simpson's 11.25 Simp Sears 24.00 Steel If Can 18,00 Selkirk A 4,55 Texaco 7,75 Traders Gp A 5.00 Trans Mtn Pp 5.871/2 Trans Can Pp 27.00 Union Gas 1.35 Union Oil 12,00 Versatile Mfg 13,371/2 Westeel 30,25 Union Car 3.70 Wesotn's B 27,00 Woodward's A 70,00 West Cdn Sd 21.621/2 Zenith Elec 9.75 BANKS 19.75 Can Imperial 52,25 Montreal 20.621/2 Nova Scotlal 15,121/j Royal 15.25 Tor-Dom 10,75 90.00 24,75 9.50 58.00 5.80 82.00 18.75 21.621/2 14.25 2.40 20.50 38.121/2 19.621/2 16,75 44.37i,