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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - March 9, 1971, Lethbridge, Alberta Tuttday, March 9, 1971 - THI lETHBRIDGt HERALD - 13 HI MM SS Stock market up fractionally TORONTO (CP) - The Toronto stock market was up fractionally in moderate mid-morning trading today. On index, industrials rose .25 to 179.79, base metals .40 to 91.67 end western oils .16 to 208.56. Golds dropped .11 to 181.79. Volume by 11 a.m. was 616,000 shares, compared with 500,000 at the same time Monday. Gains outnumbered losses 113 to 94 with 183 issues unchanged. Utilities led advancing sectors and 12 of the exchange's 17 sub-groups were higher. Pembina was up 1% to $28, Bell % to $48%, Bank of Montreal % to $15, Placer % to $33%, Noble 14 cents to $2.40, Prado 15 cents to $1.55, Great Plains % to $35% and Total Pete five cents to $7.45. Falconbridge lost % to $135, Texas Gulf Sulphur % to $19%, CPR % to $69%, Rothmans % to $12, Labatts % to $21%, Patino Va to $21%, Giant Mascot 10 cents to $4.35, Canadian Export Gas 15 cents to $4.80 and Asa-mera Ya to $19%. LIGHT TRADE MONTREAL (CP) - The market continued to firm though trading was unusually light on the Montreal Stock Exchange today. All sectors except papers were on the plus side. International Nickel was up % to $44'/g after announcement that its capital expenditures for 1971 are expected to total $300 million, most of which will be spent on facilities in Canada. Consumer debt soars CPR was off % to $69%. The company has reported that the 1970 net income for the railway company and its subsidiaries was $65.7 million or $4.35 a share, down from $75.8 million or $4.83 a year earlier. Alberta Gas was up $1 to $49%, Asbestos % to $35 and Canadian Hydrocarbons % to $17. International Utilities lost % to $42%, Falconbridge % to $135%, Walker-Gooderham % to $38. On index, industrials were up .62 to 181.02, utilities .07 to $54.08, banks .37 to $191.50, the composite .48 to 177.51 while papers slipped .06 to 88.57. By 11 a.m. 197,500 shares traded. PRICES HIGHER NEW YORK (AP) - The Dow Jones industrial average moved to within a fraction of the 900 mark today as the stock market inched higher in stepped-up trading. The Dow Jones average of 30 industrial stocks was up 1.16 to 899.78 at noon. Among Canadiansonthe NYSE, Mclntyre Porcupine fell 1 to $135, Walker Gooderhlam was off % at $38 and Genstar Ltd. was down % at $12. International Nickel was up % at $44%. On the Amex, Scurry Rainbow Oil was ahead % at $24% and Canadian Javelin was off % $17%. OTTAWA (CP) - Canadians increased their total debt to banks, stores and finance companies by less than five per cent last year, with all the growth in consumer borrowing taking place in the last half of the year. Hie 1970 increase of 2.7 per cent in consumer debt, reported today by Dominion Bureau of Statistics, was a slowdown from the pace of borrowing in the previous year, when the debt expanded by almost 14 per cent. The total of consumer debt tallied monthly, which makes up about four-fifths of all such debt, amounted to $9,223 million at the end of 1970. The total was $8,778 million at the end of last June, down from ,810 million at the end of 1969. Venezuela boosts oil tax CARCAS (AP) - Venezuela has ordered an increase in taxes on foreign oil companies of about $500 million a year. The increase will go into effect March 18. Industry sources said it probably would affect fuel oil price levels on the Ca nadian and United States East Coasts, the principal Venezuelan market. President Rafael Caldera's government brought about the increase by unilaterally chang� .85 9. SO .19 126.00 .14 .27 .29 .15 .24 1.35 32.37'/j 1.75 5.80 .65 1.90 3.40 1.23 1.10 .13'A 5.85 .11 7.00 23.121/1 15.37Vi 8.62V2 7.62Vs Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molsons A Molsons B North, Cent Pembina Pp ,v Power Corp *\-\lV2 Price Co Rothmans St Law Corp Shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel Union Car Weston's B Woodward's A West Cdn Sd Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 16.75 64.50 11.75 24.00 18.371/2 4.50 7.75 5.00 6.00 26.25 1.35 12.00 13.50 39.50 3.75 8.B7VJ 27.50 69.62'/j 21.B7'/i 9.62Va 19.25 52.50 20.50 15.25 15.121/j 10.25 87.00 Quotas) 25.00 9.75 58.00 5.85 82.75 18.62V2 21.62VJ 14.50 2.40 20.50 38.00 19.75 17.121/4 44.75 26.75 8.25 42.6214 17.50 7.75 5.25 3.85 4.95 36.50 10.12'/s 25.87V2 35.371/a 16.00 16.00 15.50 27.50 5.37V2 8.25 12.00 19.00 34.8714 19.25 24.25 27.371/2 11.121/2 30.50 11.62V2 23.37V2 31.371/2 15.37V2 42.00 3.50 9.25 15.50 19.62V2 20.25 3.80 1.35 WINNIPEG (CP) - The Maritime potato futures market Monday had active trading. There were no trades Friday. Open High Low Close May 2.05 2.03B Apr 2.35 2.35A May 2.85 2.85 Nov 2.40A APPOINTMENT 21.871/2 15.00 24.50 25.00 22.25 New York stocks Supplied by Richardson. Securities of Canada Amr T and T 49.621/4 Montgomery Ward 34.12V2 20 Golds 182.84 up .94 Anaconda 21.25 Sears 85.12V2 10 Base Met 91.85 up .58 Bth Steel 21.75 Std Oil of N.J. 77.50 15 W Oils 208.77 up .37 Chrysler 27.621/4 Texas Gulf 119.62V2 Volume 1,065,000 Comsat 74.25 Texas Co 37.75 NEW YORK AVERAGES | Dupont 136.871/4 Woolworth 51.25 30 Indust 899.78 up 1.16 General Motors 82.37Va Westlnghouse Elec 81.25 20 Ralls 201.91 off .95 , Gulf 31.75 U.S. Steel 31.50 15 Utilities 122.51 off .161 Int Harvester 30.75 TORONTO AVERAGES 65 Stocks 296.66 off .24 Kenn Copper 36.00 20 Indust 180.06 up .84 Volume 8,960,000 Burns Foods Limited announces the appointment of T. E. Engman to the position of General Superintendent of the Meat Packing Division, in which position he will be responsible for all plant production of the Division. Mr. Engman is a graduate of the Royal Military College (Kingston) and later took an engineering degree at the University of Toronto. He has been in the meat packing industry since 1958, latterly as Chief Engineer of Burns Foods Limited. WESTERN CANADIAN SEED PROCESSORS LTD. E. CHILD The President of Western Canadian Seed Processors Ltd., Mr. Hugh Michael announces the election to the Board of Directors of Arthur J. E. Child, President and Chief Executive Officer of Burns Foods Limited. Mr. Child is a Director of Dominion Bridge Co. Ltd Siebens Oil & Gas Co. Ltd., Continental Discount Corporation and a number of other Canadian and U.S. companies. High Low Close Flax May 254 253% 253% Jly 253V4 252% 252% Oct 256 255% 255% Nov 254% Rapeseed Vancouver Mar 315'A 313% 315% May 292% 290% 291% Jly 277% 276y8 277% Sep 260% Rapeseed Thunder Bay Apr 289% 288% 239% Jun 278% 278 278% Oct 256 Dec 254% Oats May 85% 85% 85% Jly 85 Oct 85% Dec 85 Barley May 130% 130% 130% Jiy 128% Oct 122% Dec 124% Rye May 113% Jly  1075A 107 107 Oct 108% 107 107 Dec 112 IDB business loans anywhere in Canada We can lend to nearly every type of enterprise: manufacturing ... wholesale and retail trade ... tourism end recreation... construction ... agriculture ... transportation and storage. - If you need financial assistance to start, expand, or modernize a business anywhere in Canada, we invite you to discuss your requirements with us. VUU INDUSTRIAL DEVELOPMENT BANK TERM FINANCING FOR CANADIAN BUSINESSES LETHBRIDGE, Alta.: 740-4th Ave. South-Tel.: 328-9681 FARMERS! WEDNESDAY, MARCH 10th 1:30 p.m. CIVIC CENTRE ROOM NO. 1 ORGANIC FERTILIZER DOES NOT POLLUTE LEARN WHAT IT DOES FOR YOUR LAND AND CROP YIELDS SUPER GRO SUPER GRO TIME: PLACE: NOTICE NOMINATION MEETING LETHBRIDGE EAST PROGRESSIVE CONSERVATIVE PARTY MONDAY, MARCH 15 - 8:00 P.M. ERICKSEN'S FAMILY RESTAURANT GUEST SPEAKER: MR. PETER LOUGHEED IEADER OF THE OPPOSITION The public is cordially invited to attend! ;