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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 8, 1971, Lethbridge, Alberta Monday, March S. 1971 THE 1ETHBRIDGE HeftALD Stock prices dip in light trading Ex-hockey great Apps sticklmndles in new job TORONTO (CP) The To- ronto stock market was mixed to fractionally lower in light mid-morning trading today. On index, industrials lost .04 to 179.08 and golds .05 to 182.35. Base metals were up .04 to 91.08 and western oils .01 to 207.53. Volume by 11 a.m. was shares, down from at the same time Friday. Weakest sectors were commu- nications and steels. Njie of the exchanges 17 sub-groups were lower. Gains outnumbered losses 109 to 74 with 179 issues unchanged. Among declining issues, Cana- dian Imperial Bank was down to CPR to Sea- grams 'A to Noble 20 cents to 25, United Canso 15 cents to and Mill City 15 cents to Amoung a d v a n c ing stocks, United Funds Management was up 1% to Home A to Shell to Bank of Nova Scotia to Pacific Pete to Sherritt ?a to Asamera '.i to and Pan Ocean Vs to BANKS LOWER MONTREAL (CP) Banks and utilities shifted narrowly lower while industrials, papers and the composite gained in ight 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 eon> Dosite .15 to 176.68. By 11 a.m. shares traded. Highlighting gains, Metropoli- tan Stores gained to International Nic'cel Vi to Rio Algom ij to and Inter- national Utilities 3s to S-ffis. Highlighting losses, CPR lost to Bank of Commerce to S21V4, Weldwood of Canada to DRIFTING PATTERN NEW YORK (AP) A drift- ing pattern characterized to- day's stock market actively as the over-all market moved ahead but the Dow Jones in- dustrial average remained vir- tually static. The Dow Jones average of Ju industrial stocks was up 0.21 to 898.21 at noon. Among Canadian son the NYSE, M c I n t y r e Porcupine 2 to while Canadian Pacific was off at and Alcan was down Vi at On the American Stock Ex- change, Canadian Javelin was ahead at and Molybdenite Canada was up Vi at TORONTO (CP) "People say he's just a hockey player, and what's he think he's doing becoming a cabinet Sylvanus Apps, a brilliant centre three decades ago with Toronto Maple Leafs of the Na- tional Hockey League, made the remark with a twinkle in his eyes as he moved into his new job as Ontario's minister of cor- rectional sen-ices. "Well, I'm a hockey player and I'm not ashamed of it. And for people who say 'What did he get that job I say wait a little while, and let's see what tiappens." Most people who recall the appointment, Mr. Apps ___t !__.. vnnn 11 tpot ffl thfi great Syl Apps as the man w led the Leafs to three Stanley Cups do not know that he is also an honors graduate of political economics from McMaster Uni- versity in Hamilton and a suc- cessful Kingston businessman. Now 56 and only five pounds over his hockey playing weight of 183, Mr. Apps said in an in- terview 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 A quietly efficient government backbencher until his cabinet Drug-oriented music under fire elected to the legislature as the member for Kingston and The Islands in 1963 by votes, then re-elected in 196? >y votes. "I must have done an accep1- able job to get re-elected with a arger majority." He was also an outstanding pole-vaulter in his younger days, British Empire Games champion in 1934, and twice Ca- nadian title-holder. However, his most visible achievement as a backbencher came as chairman of a select egislature committee on youth. The committee produced a well-received report in 1967 of 276 recommendations, including a plea for a ministry of youth and lowering of the voting age to 18. L1W EXPECTED A bill to lower the voting age Grain price review Winnipeg Grain WINNIPEG (CP) All com- modities were on an easier price pattern on a moderate volume of trade at mid-session on the Winnipeg Grain Ex- change 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 am., about 100 head; mostly covrs and replacement cattle. Trade was active. Insufficient slaughter steer: 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 55 to 27.75. Good cows' 20 to 20 80 medium 19 to 20, canners am cutters 17 to 19. Good bulls 24 to 2550. Replace inent cattk were nearly all Holstein steers sell ing at steady prices. Insuffi cent stock calves offered to es tabh'sh a market. Good feede; steers more than 750 pound: 30.50 to 31.10 Good butche weight calves 30 75 to 32 25. Hogs base price 22 40. Rye had fairly heavy eleva- or company hedge offerings and although exporter interest continued, prices remained ractionaUy lower. Friday's volume of trade was bushels of flax, of rapeseed and of rye. JEd-session prices: Flax: May lower July lower Oct. ?i lower 2.56A; Nov. ?s lower 2.54 A- v Rapeseed Vancouver: Marcn lower May Vt lower 2.91V4A; July lower 2.76V4; Sep. not open. Rapeseed Thunder Bay: April unchanged 2.89B; June ?i lower Oct. and Dec. not open. Oats: May unchanged July Vs lower 85V4A; Oct. and Dec. not open. Barley: May i lower 1.30 July, Oct. and Dec. not open. Rye: May unchanged 1.14; July lower l.OTVs; Oct. 'A lower 1 Dee. not open. Hog prices EDMONTON (CP) Prices to 11 a.m. provided by the Al- berla Hog Producers Market- ing Board: Edmonton: Quoted 2180 lo 22.40, selling 21.80, average Fri- day 22 29. Calgary: Quoted 2225 to 22.45, selling 22.40, average Fri- day 22 33. Lethbridge: Quoted 22.30 to 22 35. selling 22 35, average Fri- dav 22 35 Total hogs sold to 11 a.m. 981, Fndav Provincial av- erage 22 30. WASHINGTON (AP) The United States Federal Commu- nications Commission, reacting to complaints about drug-ori- ented music, says radio and tel- evision executives must be fa- miliar with records their disc jockeys play. Otherwise, the commission held in a split decision, a sta- tion's licence might be in jeop- ardy. "Whether a particular record depicts the dangers of drug abuse or, to the contrary, pro- motes such illegal drug usage, is a question for the judgment of the the FCC ruled in a decision announced here. 'The thrust of this notice is that the licensee must make that judgment and cannot properly follow a policy of play- ing 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 in- the commission said Operation in the public interes is a prerequisite for retaining a licence. Five FCC commissioners, in eluding Chairman Dean Burch signed the notice which went to all broadcast stations. Commis sioner Robert T. Bartley ab- stained; Commissioner Nicholas Johnson dissented. HOPES FOR RESPONSE "I hope the recording anc broadcasting industries W i 1 have the courage and commit ment to respond to this brazen attack upon them with all the enthusiasm it calls John son said. "Given the nower o this commission, I am afraii they may not" The order may provide broac cast executives a new exper ence in boning up on the jargo favored by many of today' recording artists. "Don't Bogart that joint, m a line from the sounc track of Easy Rider, is an ex ample. Bogart refers to the lat actor Humphrey Bogart, heavy smoker of cigarettes 'Joint" means a marijuana a marijuana smoker prefers that his com- anion not tarry too long over e precious weed they're shar- g. "I get high with a little help TOm my friends" is from a hit jy the Beatles. "It's a catchy said 'ice'resident Spiro T. Agnen ast Sept. 14 in Las Vegas, "bu' until it was pointed out to me. I ever realized that the friends vere assorted drugs." While the cigarette was lit seldom left his mouth. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadia funds down Pound sterling CHIEF has been appointed chief commis- sioner of the Canadian Wheat Board succeeding W. C. Mc- Namara who was appointed to the Senate last year. Mr. NEW GRAIN o. N. Vogel Search shifts for airmen ANKARA, Turkey (AP) "They are not hiding to The search for four U.S. airmen I the spokesman said, and their terrorist kidnappers 1 "They are hiding in some posh shifted today to Ankara's up-, home. This makes the search >er class residential districts difficult" ifter searchers found no clues There was no word from the at a local university campus. Turkish People's Liberation A government spokesman Army whether it had carried said the police and militia i out its threat to put the Ameri- are working on the theory th.n cans before a firing squad un- the kidnappers are universnv j less ransom was paid students or graduates of mill- j by last Saturday morning, two die-class background They are days after the kidnapping. The assumed to be hiding with! Turkish government contends friends who sympathize with j the terrorists are bandits and their extreme leftist views. I refuses to negotiate. U.S. motorcycle gangs clash Ulil HJ 1UWC1 j is expected to be introduced at the new session of the legisla-1 ture 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 Jr, who plays for Pitts- burgh Penguins of the NIIL's western division. He describes himself as a po- litical moderate, more at home with the average rcan than with the intellectual. "I think I'm a pretty good Conservative politician. I don't see how you can bring up five children and be a dedicated right-winger." Vogel, 52, has been assistant i Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.Ti. Oi'OIes) MINES Acme Advocate Asb. 2 30 en.00 a.m. Quoies) a m. Quotes) Akaitcho Area Mines Black Bay Bralorne Sroulan lethlehem JrunswicK Canada Tung. Cassiar central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craig mont DicKenStm Mines Denlscn Mines Deer Horn D'Eldonam Dome Mines Donalda Discovery MiflE3 East Malartic East Sullivan Falconbrldge Frobex First Maritime! Giant Y K. Noranda Northgate Opemiska 1 57 Patmo Pine Point 1 3G Placer Dev. 32 25 Dome Peta 8 JO Oof as co 1050 Fam Play 361': Fci of Amer 22 Gt Cdn Oil CLEVELAND (AP) Police prosecutor Everett Chandler prepared riot and murder bers of the Breed and 30 mem- bers of the rival Hell's Angels. They said the fight at the an- J-----....." charges today against some of I nual Motorcycle Custom and the 87 motorcycle sang mem-1 Trade Show was the result of a hers arrested after a fight that left five dead and 23 injured, in- cluding thres policemen. Police said the Saturday night battle imolved 150 to 200 mem- year-long feud between the two gangs. The show was being held to raise money for crippled chil- dren. 'Don't-pay-taxes' call issued 25' 2 14 7L 505 I 2 40 I 2! 1 975 1.95 870 1 3! 2650 OS 85 65 SO .17 1.05 1.10 340 13500 .27 1 06 975 195 Grandue 6 60 Headway R.L. 1050 Hollinger 3700 Hudson Bay M-S 22 05 Gt Lakes Pap Gulf Oil Cda Greyhound Hawser Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pine Inv Gp A Int Utilities indljEt Accept Laurentide Kelly Doug A Loeb Lo'law A Metro Stores Massey Ferg McMillan Bios- Mocre Corp INDUSTRIALS MoSsons A. 1 Pembina Pp Power Corp Price Co ,j Rothmans i? St Law Corp 3ordon Her ck 3nada Mines 2900 32 50 1.11 1 36 1825 7.10 1 50 1850 .OS'i 250 1 72 570 .67 1 90 335 1 23 103 1314 575 .11 Hydra Ex Highland Bell Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leltch Langis Silver Madsen R L. Malaitic G F Martin McNeely Maybrun Maclntyre Meta Mid rim Intern Mogul New Athona New Calumet New imperial Alcan Algoma Stee Atco Ind At.an bugar Bei! Tei Brazil Trac B.C. Tel Burns B C. Forest C-" nd 350 r 160 J .75 .95 950 18 126 00 .14 t 1 11 50 I .15'2 1 24V2 I 1 31 dtsi S S indge 13 375 B S71 2700 6975 22 2S 19 ?5 5250 2075 1500 1550 1062' tlrrl rf Can Selkirk A Texaco Traders Gp A Trans AAln Pp Trans can Pp Union Gas Union Oil Versatile Mlg Unfori i_nr 'j Western's B Woodward's A West Cdn Sd Zenith Elec i BANKS Cafl Montreal Nova Scotia Royal '2 Tcr-Dom 6825 2500 9 62'i 5900 590 62 62tt 18.50 21 62VJ 14.25 740 5050 38 62V: 19.75 4450 26 B.UVi 43 37V'a 17 37V2 7 VtVz 525 385 500 3550 1012V2 2600 35 12Vi 1625 iDtil 15 62W 2125 5 12Va 8.25 12 CO 19.00 34.50 18R7'A 23.75 27 11 nvt 30 11 00 22 87Vl 31.25 1525 4200 3 10 925 1550 19.50 20 12'A 1.75 1.40 J150 14 24.25 V 2225 prices slip TORONTO (CP) Prices on the Canadian bond market were mixed to fractionally lower in light trading last week. Witih no major news to direct it, the market traded within a narrow region. The short-end was generally unchanged while mid-term bonds climbed about one-half point. Long-term issues dropped about one-half point and corpo- rate bonds dropped about one- quarter point. Algoma Steel floated an issue totalling million Monday The bonds, 20-year sinking fund debentures carrying En 8% per cent coupon and sold at par. Metropolitan Toronto offered about million in new issuer of varying maturities. The aver aje yield on the bonds is 7.8 oer cent. Alberta Natural Gas came to market with a million issue Thursday. The bonds yield 8V4 per cent and mature in 1992. Day-to-day money ranget from 3% to per cent, closing Friday at 3% per cent. Three- end six-month treasury bills traded at four and 4.15 pel cent, respectively. KARACHI (Renter) East Pakistani leader Sheikh Mujibur lahman has backed his demand or an end to martial law and a eturn to civilian rule by calling general strike in government ffices and reiterating that peo- pl- should not pay taxes. His call came shortly before East Pakistan authorities said oday 172 persons were killed Highway sniper kills himself Dividends By THE CANADIAN PRESS Canadian Imperial B a n k o Commerce, 18 cents, May 1 record March 31. Readers Digest Associalio Canada Ltd., 11 cents, Marc 31. record March 10. TransCanada Pipelines Ltd common 25 cents, April 3' record March 31; pfd., cents, pfd., to 5-1 down Vt to NEW YORK (CP) Cana- dian dollar up 3-32 at 99 45-6-1 in terms of U.S. funds. Pound ster- ling up 5-64 at 15-16. FINANCIAL ANALYSIS Salary Range (Under Review) INCENTIVES OFFICERS INCENTIVES DIVISION DEPARTMENT of REGIONAL ECONOMIC The Industr in Ottawa lo fulfil a Program. a! Incentives Branch of the Incentives Division equires several hiqhly motivated professionals challenging role in the Industrial Incentives opplic vith set Ms selected will be expected to -o'l' effective- management officials in industry and govern- rm-ni. IL. uvoluale industrial development proposals by npplymo npprorjriots analytical techniques to appraise the nf proipcts. The outcome of these studies will th" extent of federal assistance tor projects. In rertain positions, the successful candidates will be required to inspect and audit projects preparatory to the disburse- ment of funds. OTTAWA QUALIFICATIONS Candidotes will preferably be members of a recognized profess.onal accounting organization, in addition to having nhrmnuJ oraducto or post-graduate degrees in commerce, "i" economics, experience at a re- sponsibfe "level in private industry involving corporate in- vestment planning or financial management Is essential. Qualified applicants should telephone {collect) on Wednesday. March 10 between a.m.- 430 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 curriculm vilae within 14 days to: COMMERCE PROGRAM. PUBLIC SERVICE COMMISSION, _ ROOM 1703 Service TOWER PIACE DE VILIE Of OTTAWA 4, ONTARIO Canada ATTENTION: MR. JEAN-NOEL HOULE Please quote competition number 71-3045 on all correspondence. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE and 358 injured In which the province last week. The worst riot centre ap- peared to be the port town of Ohittagong, where 78 people died hi clashes between groups of rioters using shotguns, staves, iron bars and knives, an official statement said. ENUMCLAW, Wash. (AP) 'clice say a 16-year-old high chool student fired dozens of ifle bullets at cars passing his ocky hideout overlooking a lighway, wounding three per- sons and finally killing himself rith a shot in the throat. Sheriffs deputies and state troopers swarmed around the stretch of Route 410 and blocked traffic for nearly two hours Sun- day before the Seattle youth, William Herbert Egnew Jr., ended his own life. Tlie motive for the shootings was unknown. "I can't see any reason for the boy's father said. Minister quits in govt. crisis CANBERRA (CP) Defence Minister Malcolm Fraser has resigned in a government crisis prompted by reports that he ,-as critical of the Australian army's role in Vietnam, Prime Minister John Gorton's press secretary said today. Observers said the resignation could touch off a new movement to replace Gorton as leader of the Liberal party. The prime minister denied that the chief of the army general staff, Sir Thomas Daly, told him Fraser was disloyal to the service, but he later acknowledged that he had seen before publication an Australian newspaper report to that effect. Medicine Hat layoffs seen REGINA (CP) The Unit- ed Glass and Ceramic Workers Local says federal incentive grants to Western Clay Prod- acts in Lock-port, Man., will mean long layoffs for the com- pany's employees at plants in Regina, Estevan and Medicine Hat, Alia. John Stopanskl, president of Local 214 made the comments who discovered vitamon E in in a letter to Prime Minister 1922. died Saturday of heart fad- Trudeau He said it also ap- ure m hospital after a long ill- pears the Lock-port plant only noss. The functions of vitamin p E, found in wheat germ and some other grains and vegeta- bles, are not fully known, bait it Vitamin E discoverer dies BERKELEY, Calif. (AP) Dr. Herbert McLean Evans, 88, {11-00 a m. Quctesi WESTERN OILS a m Quoies. 905 1E' i 11 71 3751 12 50 675 7 30 BSCO 1 10 7 '0 3-f 25 Gas pfd Gas eta Gt L-'hr- Mill City New Conf North Cdn Oil Pf-r. o Petrol Place Gas Rnngsf n Scjrrv Ram 2J Spooner i Dscalta 6 MISCELLANEOUS INDUSTRIALS Agra 7 f :i Indus 8 Aquatalne 2- Dnt N, d Corp c Cdn Brew A frln Brf v B Cdn Hyd Carb Roc Inv CPR Pfd Hud Bay Oil w (J Hud Bay Oil 615 h i t- s Pld lo no Husky Oil 6 10 Ki1 Oil B 5 s Husky Oil war Int Util Pfd Kaiser Res Kam Kot.a Lake Ont Pt Ce A'.GF Msnage ft Pac Pete Rni Urran Selkirk Hold sroll Can Shell Inv Pfd 41 50 5600 44 00 9 00 1200 43 12V 8 37V 1075 73 6 CO 1 03 290 1 90 a m. Corp Invest 5 Jfi 5.97 Corp In S F 487 540 Dreyfus F U.S. 12201337 Gr Equity 5.97 656 Gr In Shares 3-10 3 7J Invest Gr 1078 11 79 Invest Mutual j Mutual Ac 3 Mutual Gr F Nat Res N W Fin Principal Gr Umled Ac Universal SflV and Vuk- CALGAHY 3 13' 3 75 16 no 526 S75 522 574 512 563 731 7.99 4 36 A 79 527 561 4 06 4 46 d 27 5 19 7 11 m 2J 7016 99 VANCOUVER Anuk a? Arctic Mining Atlas Explor Beth Copper Block Bros B C Suaar B C. Sugar Pfd Capt Inter Churchill foppT Cnl Cellulose rpdlt c'restbrook F In royden Varden Dynasty Fort Reliance Giar.t Mascot PIPELINE STOCKS Alii lr L A 49 CO 3050 .1600 1675 Growers B Baih Nurse Gas Tr L P N'at Gas 2350 Intfior Brev 1 Cdn W Nat Gas 1675 Jericho inland Nat Gas 1553 kamloops Copper 1562T; Lo Cygnus A Cyrnus B Cum Prep ri Ten Oii Siis Gt Cdn Oil Sds Home Oil 0 Home and Pit Hud Bay Co 775 n co Nand C B Pfd 30 CO 4 Gas 'plr( fcin Pipe 31 lr Crin P Pfd 42 Tr Crin P Pfd A ft? Tr Crin P V.Mr 11 V.rstcoflS! If 2: Wrslcrn P.iridc J MUTUAL FUNDS Lytlon Minerals Nc'.v Cronm New Imp Mines CUr.aian Helicop 2B 25 AGF special 65 V.'Ktcoast Ros 3 fl ;.nir Gr F '3 5 "fr Explor 17 17'i Coll Mutual 617 6 78 Utica Neio York stocks Supplied by Richardson. Securities oi Canada Golds 181 7B Clf 2D Rnlls 70314 off is lrx.ns CHilt Vnlinnf 1 17UOO 65 Slocks "9698 p .35 TORONTO AVERAGES NEW YORK AVERAGES JOi up JO Indust 891 21 up .Jl Volum. Chrysler Spars Sid Oil o! N J. operate on basis. The incentive grants is generally agreed that man re- fer a new brick plant in the record March 31. Manitoba community, Tabletop Grade 4' x 8' x sheets x 6'6" 1 x 6'6" 1 CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123.30th St. N. Phone 327-5444 or 327-5110 ;