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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - March 8, 1971, Lethbridge, Alberta iirsixEss Stock prices dip light trading Ex-hockey great Apps stickliandles in new job in TORONTO (CP) - The Toronto stock market was nixed to fractionally lower in light mid-morning trading today. On index, industrials lost .04 to 179.08 and golds .05 to 182.33. Base metals were up .04 to 91.08 and western oils .01 to 207.53. Volume by 11 a.m. was 500,000 shares, down from 637,000 at the same time Friday. Weakest sectors were communications and steels. Nine of the exchanges 17 sub-groups were lower. Gains outnumbered losses 109 to 74 with 179 issues unchanged. Among declining issues, Canadian Imperial Bank was down Vt to $21%, CPR % to $70, Sea-grains % to $52%, Noble 20 cents to $2.25, United Ganso 15 cents to $4.45 and Mill City 15 cents to $1.60. Aimoung a d v a n c ing stocks, United Funds Management was up 1% to $12%, Home A % to $27%, Shell % to $3%, Bank of Nova Scotia % to $24%, Pacific Pete % to $31%. Sherritt % to $18%, Asamera % to $19 and Pan Ocean Vs to $15. BANKS LOWER MONTREAL (CP) - Banks and utilities shifted narrowly lower while industrials, papers and the composite gained in light trading on the Montreal stock market today. Banks were off .31 to 153.63 and utilities .06 to 189.60 while industrials were up .31 to 180.22, papers .16 to 89.09 and the con> posite .15 to 176.68. By 11 a.m. 203,400 shares traded. Highlighting gains, Metropolitan Stores gained $1% to $36i/4, International Nickel % to $44%, Rio Algom % to $19 and International Utilities % to $43%. Highlighting losses, CPR lost % to $69%, Bank of Commerce % to $2U4, Weldwood of Canada % to $17%. DRIFTING PATTERN NEW YORK (AP) - A drifting pattern characterized today's stock market actively as the over-a 11 market moved ahead but the Dow Jones industrial average remained virtually static. The Dow Jones average of 30 industrial stocks was up 0.21 to 898.21 at noon. Among Canadiansonthe NYSE, Mclntyre Porcupine gained 2 to $138, while Canadian Pacific was off % at $69% and Alcan was down Va at $22%. On the American Stock Exchange, Canadian Javelin was ahead % at $18 and Molybdenite Canada was up % at $3.75. Grain mice review TORONTO (CP) - "People say he's just a hockey player, and what's he think he's doing becoming a cabinet minister?" Sylvanus Apps, a brilliant centre three decades ago with Toronto Maple Leafs of the National Hockey League, made the remark with a twinkle in his eyes as he moved into his new job as Ontario's minister of correctional services. "Well, I'm a hockey player and I'm not ashamed of it. And for people who say 'What did he get that job for?' I say wait a little while, and let's see what happens." Most people who recall the great Syl Apps as the man who led the Leafs to three Stanley Cups do not know that he is also an honors graduate of political economics from McMaster University in Hamilton and a successful Kingston businessman. Now 56 and only five pounds over his hockey playing weight of 183, Mr. Apps said in an interview he has a lot to learn about his new responsibilities "but I feel I'm capable of doing it, and I'm out to prove that I can." A quietly efficient government backbencher until his cabinet Drug-oriented music under fire JL Winnipeg Grain WINNIPEG (CP) - All commodities were on an easier price pattern on a moderate volume of trade at mid-session on the Winnipeg Grain Exchange today. Export buying developed in flax and rapeseed, but on the scale-down pattern. Oats and barley had some domestic shipper buying with offers coming from locals and commission houses. Livestock Lethbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY (CP) - On offer to 11 a.m., about 100 head; mostly cows and replacement cattle. Trade was active. Insufficient slaughter steers were offered to establish a market; a few slaughter steers sold in line with last week's close, quality considered, cows and bulls steady. Good to choice slaughter heifers 28 to 29.60 medium 26.25 to 27.75. Good cows 20 to 20.80, medium 19 to 20, canners and cutters 17 to 19. Good bulls 24 to 25.50. Replacement cattle were nearly all Holstein steers selling at steady prices: Insuffi1-cent stock calves offered to establish a market. Good feeder steers more than 750 pounds 30.50 to 31.10. Good butcher weight calves 30.75 to 32.25. Hogs base price 22.40. Rye had fairly heavy elevator company hedge offerings and although exporter interest continued, prices remained fractionally lower. Friday's volume of trade was 298,000 bushels of flax, 1,-541,000 of rapeseed and 124,000 of rye. Mid-session prices: Flax: May % lower 2.53%B; July % lower 2.52%B; Oct. % lower 2.56A; Nov. % lower 2.54 %A. Rapeseed Vancouver: March Vi lower 3.13%; May % lower 2.9iy4A; July 1% lower 2.76V4; Sep. not open. Rapeseed Thunder Bay: April unchanged 2.89B; June % lower 2.76Viy Oct. and Dec. not open. Oats: May unchanged 85%; July Va lower 85V4A; Oct. and Dec. not open. Barley: May % lower 1.30 %A; July, Oct. and Dec. not open. Rye: May unchanged 1.14; July % lower 1.07%; Oct. % lower 1.07%A; Dec. not open. Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 21.80 to 22.40, selling 21.80, average Friday 22.29. Calgary: Quoted 22.25 to 22.45, selling 22.40, average Friday 22.33. Lethbridge: Quoted 22.30 to 22.35, selling 22.35, average Friday 22.35. Total hogs sold to 11 a.m. 981, Friday 3,970. Provincial average 22.30. WASHINGTON (AP) - The United States Federal Communications Commission, reacting to complaints about drug-oriented music, says radio and television executives must be familiar with records their disc jockeys play. Otherwise, the commission held in a split decision, a station's licence might be in jeopardy. "Whether a particular record depicts the dangers of drug abuse or, to the contrary, promotes such illegal drug usage, is a question for the judgment of the licensee," the FCC ruled in a decision announced here. "The thrust of this notice is simply that the licensee must make that judgment and cannot properly follow a policy of playing such records without ... a management-level executive at the station knowing the content of the lyrics. . . . "Such a pattern of operation . .. raises serious questions as to whether continued operation of the station is in the public interest," the commission said. Operation in the public interest is a prerequisite for retaining a licence. Five FCC commissioners, including Chairman Dean Burch, signed the notice which went to all broadcast stations. Commissioner Robert T. Bartiey abstained; Commissioner Nicholas Johnson dissented. HOPES FOR RESPONSE "I hope the recording and broadcasting industries will have the courage and commitment to respond to this brazen attack upon them with all the enthusiasm it calls for," Johnson said. "Given the power of this commission, I am afraid they may not." The order may provide broadcast executives a new experience in boning up on the jargon favored by many of today's recording artists. "Don't Bogart that joint, my friend," a line from the soundtrack of Easy Rider, is an example. Bogart refers to the late actor Humphrey Bogart, a heavy smoker of cigarettes. While the cigarette was lit it seldom left his mouth. Dollar value MONTREAL (CP) -U.S. dollar in terms of Canadian funds down % to $1.00 5-16. Pound sterling down % to $2.42%. NEW YORK (CP) - Canadian dollar up 3-32 at 99 45-64 in terms of U.S. funds. Pound sterling up 5-64 at $2.41 15-16. FINANCIAL ANALYSIS Salary Range $13,434 - 18,124 (Under Review) INCENTIVES OFFICERS The Industrial Incentives Branch of the Incentives Division in Ottawa requires several highly motivated professionals to fulfil a challenging role in the Industrial Incentives Program. The applicants selected will be expected to work effectively with senior management officials in industry and government, to evaluate industrial development proposals by applying appropriate analytical techniques to appraise the feasibility of projects. The outcome of these studies will determine the extent of federal assistance for projects. In certain positions, the successful candidates will be required to inspect and audit projects preparatory to the disbursement of funds. QUALIFICATIONS Candidates will preferably be members of a recognized professional accounting organization, in addition to having obtained graduate or post-graduate degrees in commerce, business administration or economics. Experience at a responsible level in private industry involving corporate investment planning or financial management Is essential. Qualified applicant* should telephone (collect) on Wednesday, March 10 between 8.30 a.m.-4:30 p.m., the Public Service Commission, Edmonton. Telephone (403) 423-5296 to arrange interviews on Wednesday and Thursday, March 10 and 11. If unable to call, please send currieulm vitae within 14 days to: COMMERCE PROGRAM, INCENTIVES DIVISION  DEPARTMENT of REGIONAL ECONOMIC EXPANSION OTTAWA PUBLIC SERVICE COMMISSION, ROOM 1703 TOWER "A", PIACE DE VILLE OTTAWA 4, ONTARIO ATTENTION: MR. JEAN-NOEL HOULE Public Service of Canada Please quote competition number 71-3045 on all correspondence. "Joint" means a marijuana cigarette-and a marijuana smoker prefers that his companion not tarry too long over the precious weed they're sharing. "I get high with a little help from my friends" is from a hit by the Beatles. "It's a catchy tune," said Vice*resident Spiro T. Agnew last Sept. 14 in Las Vegas, "but until it was pointed out to me, I never realized that the friends were assorted drugs." appointment, Mr. Apps was first elected to the legislature as the member for Kingston and The Islands in 1963 by 1,000 votes, then re-elected in 1967 by 2,300 votes. "I must have done an acceptable job to get re-elected with a larger majority." He was also an outstanding pole-vaulter in his younger days, British Empire Games champion in 1934, and twice Canadian title-holder. However, his most visible achievement as a backbencher came as chairman of a select legislature committee on youth. The committee produced a well-received report in 1987 of 276 recommendations, including a plea for a ministry of youth and lowering of the voting age to 18. LAW EXPECTED A bill to lower the voting age is expected to be introduced ait the new session of the legislature opening March 30. Mr. Apps and his wife Molly have three daughters, two sons and five grandchildren. One son is a particular source of pride -Syl Jr., who plays for Pitts burgh Penguins of the NHL's western division. He describes himself as a political moderate, more at home with the average man than with the intellectual. "I think I'm a pretty good Conservative politician. I don't see bow you can bring up five children and be a dedicated right-winger." Monday, March 1971 - THI LETHBRIDGE HERALD - IS Toronto mines, industrials Supplied by Richardson Securities of Canada (11:00 a.m. Quotes) LAST BID OR SALE CtT:00 a.m. Quotes) (11:00. a.m. Quotes) MINES Acme Advocate Asb. Aksltcho Arte Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Casslar central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson Mines Denlson Mines Deer Horn D'Eldonam Dome Mines Donalda Discovery Mines East Malartlc East Sullivan Falconbridga Frobex First Marltlmes Giant Y.K. Bovis Grandue Headway RX. Holllnger Hudson Bay M-S Hydra Ex. Highland Bell Iron Bay Iso Joliet Quebec Kerr Addison , Key Anacon Labrador Lake Shore Leltch Langls Sliver Madsen R.L. Malartlc G.F. Martin McNeely Maybrun Maclntyre Meta Mldrlm Intern Mogul New Athona New Calumet New Imperial Noranda .07 Northgate 2.30 Opemiska .49 Oslsko 1.57 Patlno .06Vi Pine Point 2.38 Placer Dev. .25'/a P.C. Exp. 14.75 Rayrock 5.05 Radiore 2.40 Rio Algom 22,87'/j Roman Corp. 2.27 Sllverfields 1.45 Sherritt Gordon 9.75 Silver Miller 1.95 Steep Rock .!3'/2 Siscoe .40 Tek Corp. 8.20 Texmonf Upper Canada Western Mines Wright Har. Wlllroy Windfall Yellowknlfe Br. Zenmac INDUSTRIALS 1.35 26.50 .06 .86 �.50 .17 1.05 1.10 3.40 135.00 .27 1.06 9.75 1.95 6.60 10.50 37.00 22.00 .25 3.15 3.55 1.69 .21 9.5q .33 35.50 3.20 1.60 Abltibl Alcan Algoma Steel Atco Ind Allan Sugar Bell Tet Brazil Trac B.C. Tel Burns B.C. Forest B.C. Suoar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indust .... Canada S S Cdn Marconi .75 cdn Vlckers 85 chn-sler 9.50 CPR 18 Comlnco 126.00 Cons Bath .14 Cons Gas 29V* Dlst Sea 11.50 Dcm Bridge .15Vi Domtar .24Va Dom Textile 1.31 Dom Stores 32.25 Dome Pete 8.40 Dofasco 10.50 Fam Play .26V4 Fd of Amer 22.62V!> Gt Cdn Oil 29.00. Gen Motors Gt Lakes Pap Gulf oil cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Hy3 Int Nickel 2.50 lnt PiPe Inv. Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A Metro Stores yi'2 Massey Ferg McMillan Bloa Moore Corp Molsons A 32.50 t.ll 1.60 .36 18.25 7.10 1.90 18.50 1.72 5.70 .67 1.90 3.35 1.23 1.03 .11 7.12'/i Molsons B nn North, Cent ,s,s Pembina Pp ^P?i"ercCo0rP Av\/l Rothmans 11 50 Simpson s 2400 Simp Sears 4 50 Se'k,rk A 7.62Vi Texaco 5 00 Traders Gp A s yjj Trans Mtn Pp 26.50 T,ra"s C"1 pP 1 75 Union Gas 16.00 Un[on 011 13.3/t/a Versatile Mfg 30.50 Westeel 3,75 Union Car 8.87Vi Weston's B 27.00 Woodward's A 69.75 West Cdn Sd 22.25 Zenith Elec |-�Vi BANKS 52.50 Can ,mPerlal 20.75 Montreal 15.00 Nova Scotia 15.50 Royal 10.62V2 Tor-Dom 88.25 25.00 9.62'A S9.00 5.90 (2.621A 18.50 21.621/3 14.25 2.40 20.50 38.6214 19.75 16.87V4 44.50 26.62V4 8.121/a 43.37'/j 17.37V2 7.62V2 5.25 3.85 5.00 35.50 10.12V2 26.00 35.121/4 16.25 16. DO 15.62VS 24.25 5.12'zi 8.25 12.00 19.00 34.50 18.87'/4 23.7S 27.37V* 11.12V� 30.621/4 11.00 22.87V4 31.25 15.25 42.00 3.50 9.2S 15.50 19.50 20.12'A 1.75 1.40 21.50 14.871/4 24.25 24.621/j 22.2$ Miscellaneous quotations Vancouver, Calgary, Montreal / (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE (11:00 a.m. Quotes, cll:00 a.m. ouotesi (11:00 a.m. Ouotsni WESTERN OILS Alta East Gas Almlnex Asaiiera B. P. Oil Can Scu.h Cdn Exp Gas Ashland Grid Cdn Home Con Home Pfd Cdn Indus Gas Con Lo:n 's Cdn Superior Cent Dei Rio Charter Chleftan Dome Pete Dynam Pete Tota1 Pf'.e Gt Plains L^chiPT Mill City New Cont North Cdn Oil Numac Permo Petrol Pinnae!* Place Gas Poncer Ranger Scurry Rain Spooner West Decalta MISCELLANEOUS INDUSTRIALS Agra A.co Indus Aquatalne Brit Nfid Corp Cdn Brew A Cdn Brew B Cdn Hyd Carb Cdn Pac Inv CPR Pfd Crowsnest In Cygnus A Cypnus B Cum Prop c-\ Cdn Oil Sds Gt Cdn Oil Sds Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil Hurl) KUS Pfd Husky Oil Hus'-t Cdn Sd While and Vuk CALGARY Acroll Anac Pete Barons Oil a7T?Vi Nor,h Conf 183 Plain* Pe,e 62o West Warner Madison Rexdale 7121/4 PIPELINE STOCKS 8.75 2li3iA Alta Nat Gas Cdn W Nat Gas u inland Nat Gas N and C Nand C B Pfd Gaz Metro Gas Metro Pfd A Tr Cdn Pipe Tr Cdn P Pfd Tr Cdn P Pfd A Tr Cdn P War Westcoast Tr Western Pacific MUTUAL FUNDS AGF Special 2.65 Amr Gr F 4.75 6.15 19.00 6.40 5yi 4.90 11.75 9.05 1S.00 11.371/2 .71 37.50 12.50 6.75 7.30 88.00 1.10 7.40 34.25 1.40 1.60 .80 8.00 7.40 .6B 1.44 .82 1.48 .57 14.00 41.50 Corp Invest S.46 S.97 56.00 Corp In S F 4.87 5.40 2?.12i/2 Dreyfus F U.S. 12.20 13.37 17.62V2 Gr Equity 5.97 6.56 44.00 Gr In Shares 3.40 3.74 9.00 Invest Gr 10.78 11.79 12.00 Invest Mutual 5.26 5.75 43.121/2 Mutual Ac 5.22 5.74 8.37V4 Mutual Gr F 5.12 5.63 10.75 Nat Res 7.31 7.99 .78 N W Fin 4.36 4.79 6.0O N W Gr 5.27 5.81 1.08 Principal Gr 4.0& 4.46 2 90 United Ac 4.27 5.19 1 90 Universal Stv 7.11 7.61 1 03 Temp Gr 24.70 16.99 5.� VANCOUVER 31 621/2 Anuk 18 25 Arctic Mining ll'l2i/i A,las Explor 34,n Beth Copper 14.62V2 !r�nC,a,0,r ili" B.C. Sugar Pfd .i'l Capt Infer 1600 Churchill Copper Col Cellulose .88 Coronation redlt 36.00 16.75 25.7S 9.75 27.00 5.25 7.00 16.00 6.00 100.00 27.00 28.25 2.05 19 Crestbrook F Ind .051/4 royden 02 Dolly Varden 30 Dynasty �39 Fort Reliance '391/0 Giant Mascot ll" Granisle Key Indust Growers B Alta Gas Tr L A 49.00 Bath Norse Alta Gas Tr L P 72,12'/j Hys 23.50 Interior Brev 16.75 Jericho 15.50 Kamloops Copper 15.62V2 Lornex 30.00 Lytton Minerals 4.75 New Cronln 63.50 New Imp Mines 31.371/2 Okanagan Helicop 42,00 Primer 62.00 10.25 24.00 4.80 17.37'/2 Coll Mutual 5.43 5.96 Western 6.17 6.78 Utica Pyramid Silver Standard Texmont Trofan Western Mines Westcoast Res Explor .32 .14 .49 14.621/2 4.05 2.25 18.37V4 15.50 5.62V4 1.06 5.50 1.15 7.25 .22 .30 3.80 .61 4.60 9.80 .27 3.15 1.24 2.40 4.75 .09V4 lH/2 7.50 2.10 .08 1.25 4.30 .16 .34 1.53 .67 .261/2 3.35 .14 .27 .48 New York stocks Supplied by Richardson. Securities of Canada Chrysler 27.75 20 Golds 181.78 off .62 20 Ralls 203.U off .09 Sears 82.37Vj 10 Base Met 90.94 off .10 ,,,,,,,1., ,,,7, ,, Std Oil of N.J. 78.12'/3 15 W Oils 20B.48 up .96