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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 9, 1971, Lethbridge, Alberta March 1971 THE U7HZKIOGE HERALD 13 Consumer debt soars Livestock Big natural gas Stock market up fractionally TORONTO CP The To ronto stock market was up frac tionally in moderate midmorn ing trading On industrials rose to base metals to and western oils to Golds dropped to Volume by 11 was compared with at the same time Gains outnumbered losses 113 to 94 with 183 issues Utilities led advancing sectors and 12 of UIB exchanges 17 subgroups were Pembina was up Hi to Bell to Bank of Mont real i to Placer to Noble 14 cents to Prado 15 cents to Great Plains i to and Total Pete five cents to Falconbridge lost to Texas Gulf Sulphur ft to CPR to Rothmans to Labatts to Patino to Giant Mascot 10 cents to Canadian Export Gas 15 cents to and Asa mera to LIGHT TRADE MONTREAL CP The market continued to firm though trading was unusually light on the Montreal Stock Ex change All sectors except papers were on the plus International Nickel was up to after announcement that its capital expenditures for 1971 are expected to total most of which will be spent on facilities in CPR was off 3i to The company has reported that the 1970 net income for the railway company and its subsidiaries was million or 33 a down from 8 million or a year Alberta Gas was up to Asbestos to and Ca nadian Hydrocarbons i to International Utilities lost ss to Falconbndge ft to WalkerGooderham to On industrials were up to utilities to banks to the composite to while pa pers slipped 06 to By 11 shares 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 steppedup The Dow Jones average of 30 industrial stocks was up to at Among C a n a d i a n s on the Mclnryre Porcupine fell 1 to Walker Gooderbam was off at and Genstar was down ii at Inter national Nickel was up Vz at On the Scurry Rainbow Oil was ahead fe at S24 and Canadian Javelin was off at Venezuela boosts oil tax CARCAS AP Venezuela has ordered an increase in taxes on foreign oil companies of about million a The increase will go into ef fect March Industry sources said it probably would affect fuel oil price levels on the Ca nadian and United States East the principal Venezue lan President Rafael Calderss government brought about the increase by unilaterally chang ing the artificial price per bar rel on which taxes are calcu The government raised this price an average cents to a SOUTHLAND FORD EQUIPMENT SALES CP Rail income declines MONTREAL fCP Cana dian Pacific Railway and its subsidiaries report 1970 net in come of million or 35 a down from million or a year Net railway before fixed increased 11 per cent and earnings of CP Tele communications and Canadian Pacific Bermuda also a marked the company said in a state Net income from railway and miscellaneous sources totalled million or a down from million or a share in Net earnings from the opera tions of CP Rail were S38 4 mil an increase of 3 8 million over The company said railway revenues rose six per cent to an alltime high of FREIGHT PAYS MORE Freight revenues up eight per cent major in creases in other grains and coal plus significant gains in liquified petroleum newsprint and other pa Dividends declared on com mon shares during 1970 of down from 5 million in The despite higher reflected problems confronting the entire airline in escalating rests and continued dilution of yields per passenger the com pany OTTAWA CP was million at the fnd increased their total debt stores and finance the slight decline in the panies by less than in the first half of last cent list rath all consumer borrouing growth in consumer borrowing taking place in the last half the The 1970 increase of cent in consumer reported today by Dominion Bureau THE CANADIAN PRESS was a slowdown Pacific Investments the pace of borrowing in 43i per cent 47li previous when the May record April 8 expanded by almost 14 per Shoes 60 cents The total of consumer debt tallied which 15 April record up about fourfufths of all 16 common 18 amounted to record March at the end of 1970 The total was million a the end of last down Stores Class A common 10 April million at the end of April Miscellaneous Supplied by Roadhouse and LAST SALE Guo1es 1100 QuflTeu Alto East Gas A 80 Hud Bay 01 5700 Col AAuliral 650 El Almlnex 410 Hugh Rus Pfd 2150 Cmnw Inter Asamera 1962Vi Husky 62 3 Cmnw Lev 337 358 OiC 650 Husky Oil 75 Corp Invest 5 5 97 Can Southern 5 35 Husky Oil 900 Corp Invest S F 4 89 5 l Cdn Exp Gas 4 75 Inter Pro 1235 Dreyfus F U 12 25 1342 Ashland Grid 11 75 Int Util Gr 60i Cdn Home 895 Inter 50 Gr In Shares 3 40 3 74 Cdn Home Pfd 1500 Jeff Invest Gr 1083 11 H Cdn Indus Gas Joule Cdn Long Is Kaiser Res Cdn Superior 37 62Va Kam Invest Mutual 5 27 5 77 Wutual AC 522 5 74 Mutual Gr F 512 530 Nat Res 7 35 80 Cent Del Rio 1275 Lake Ce 2 90 fj YY Fin 4 36 Charter 650 WGF N W Gr 5 27 Chief tan Principal Gr 1 10 A Dome Pets E7 DO Roylund 516 563 Dynam Pete l 07 Pac 25 Ac 19 Total Pete 735 Pafik Organ 1850 UnJversaTsav 712 Lochiel Exp 1 34 Shell 35 00 VANCOUVER Mill City 1 63 Shell Inv 3500 VANCOUVER New Continent 57 Shell tnv 1500 Anuk North Cdn Oil 800 Sicks 3 Arctic Mining 15 Numac West Cdn Explor Permo 70 White 1550 Petrol 1 40 lock s Pinnacle Brcnda S5 Place Gas 1 40 Anac B C Sugar 17 75 B C Suaar Pfd 15 75 Ponder 58 Barons Capf 5 75 Ranger U 55 North Cont Scurry Rain 1 70 Plains Churchill Copper Col Cellulose 6 03 Scurry Rain 23 West 39 Coronation Credit Spooner Crestbrook F Ind 7 00 West Decalta 4 30 Croyden 3 MISCELLANEOUS STOCKS Dynasty J CO INDUSTRIALS AIta Gas L A Fort Reliance 60 Alta Gas Pfd 71 Giant Mascot 40 Agra Ind AiJa Nat 24 HO Gran hie 10 00 Atco Indus 875 Cdn w Gas 16 12li Key Indusf 27 Aquataine 2475 inland 12 S22 Growers B 3 15 Brtt Nfld Corp 5 N and Bath Norse I 13 Cdn Brew A 30 N and Pfd Interior Brew 4 85 Cdn Brew B 36 75 Gaz Metro Cdn Hyd Car Gas Kamloops Copper 13 Pfd A 6400 Lornex 760 Cdn Pac Inv 2100 Tr Cdn 37A Lytton Minerals 2 11 CPR Pfd 950 Tr Cdn 41 75 New Imp Mines 1 3fi Crowsnest Ind 2300 Tr Cdn A okanagan Helicop 4 30 Cygnus A 525 Tr Cdn 1000 PrimCr 1 Cygnus B 6 E7A 3d 88i pyramid Cum Prop 16 Western A EQ silver Standard 1 53 Gt Cdn OH Sds 5 85 FUNDS Texcnorrt 45 Gt Cdn Oil SdS 10000 AGF 2 66 Trolan 79 Home Oil A All Cdn 7J4 Western Mines 330 Home OH B 3812Va All Cdn 9 WC Res 15 Home and Prt 205 All Cdn 3 49 3 81 Wf Explor 26 Hud Bay Co Amr Gr F 5 44 S 97 Ufica Toronto rate of in the last half amounted to five per Unsecured borrowings from ini Bartered large personal loans from finance companies and borrowings on lifeinsur ance policies all increased by more than 12 per cent during last year Most other categories of con sumer cash Lethbridge Livestock Supplied by Canada j Department of Agriculture On offer to 11 w find reported CAIXURY Receipts mixed in an exploratory well on King find for the privateindustry of moderately Good low choice butcher steers meeting mostly prices 25 lower Medium quality 25 to 50 lower Insufficient butcher hei fers on offer to establish re Medium and at strong t1lolce sleers 3I 3I good to 28 lo Good emrs 200 instalment financing bulls Unsecured personal loans sttadv to stronp Medium and from chartered the bigi good feeder steers gest single category of con sumer increased to million from mil lion in the Instalment financing of con j sumer goods through finance i dmm 13 to 19 cajmers j and loan companies dropped by I5 t0 17 50 almost 18 per cent to mil1 God bulls 23 to 24 lion from I God heavy feeder steers Personal cash loans of more over 950 lo 32 medium than each increased to a 03 to 3050 of million from Butcherhogs sold Monday Christian Island in the Arctic federal government consor are not Panamie uum Oils Ltd said but con The well v as a continuation firmed a major natural gas of relief drilling discover last jejr rute firs TesLs inroiigh prwinciion plursiurj mlraipi lhi casing gave laipe flous of sulphurfreel the company said in a ami funiier produeion ueie under way to determine ab solute flow capacity Published reports last speculated the wrll had tut the natural formation out of control and fire Kins Cliistian Kland is 1 miles north of Edmonton anil awiut 5J nuies of Mo vtlle Isirind the conv hit gas year price review Winnipeg Grain WINNIPEG CP Trad million from Mondays sales hogs Instalment credit from mo1 classcs of neaner araj torvehicle dealers fell to j ee1er hogs meeting very good eic n J n million from Supplied by Richardson Securities of Canada LAST BID OR SALE Quoies MINES Acme 07 Advocate 2 32 Akaltcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung Cassiar Central Pat Chimo Gen west Cons Rambler Com Lake Cochenaur Dickenstm Mines Deniscn Mines Deer Horn DEIdona Dome Mines DonaMa Discovery Mines East MalartTc East Sullivan Falcon bridge Frobex First Mantmes Gant Y K 1 60 Wfl 240 M S7A 550 2 40 2275 2 23 1 J5 975 2 15 13Va JO Quotes Norihgate Opemiska Ostsko Patino Pine Point Placer Quebec Man Raynxk Radiore M Rio Algom IB 87V Romi 22 2B7S 3300 1 15 18 6525 17 105 1 10 310 13500 1 06 97S 1 90 67 CO 1000 37 50 Grandu R U HolUnger Hudson Bay MS 22 lli Hvdra Ex HIghand Bell Iron Eay DON DALKE Don owner and manager of Southland Ford Equipment Sales returns to Lethbridgc after a 20 year ab Born in lie with his to Lethbndga in He attended Bowman ond Centra schools and thn After cornpletmq his ed ucation he worked for the Mas Harris Co and General Farm Mo also worked on farms in the Lethbridge In 1950 he Oined the Cana dian Army end served in Germany and the Middle East as well as in Canada He re turned in 1962 with the rank of Don then joined the New Hot Inn H Distributor in Ihreo years later he became Tone manager for Forcl Motor Co factor D vision in Manitoba with Head quarters in Winnipeg Don is pleased to be back in Lethbridqp and looks for ward to renewinp acquaintances with his many friends and in vites everyone lo the Open House at Southland Ford on Don is thp son of Lucille Dalke of is married and Ihn father of a Hn family Lethbrtdge near the end of Junn with famous goanywhere 4Whee Drive TESTDRIVE THE 2CAR CAR TODAY UNITED MOTORS 3rd 3rd Phone 3272805 ISO Jollel Quebec Kerr Addiscri Key Anacon Labrador Lake Snore Leilch Lanqls Madsen R L GF Wartm MctJeely Waybrun AAsclnlyre Midrim Woaul New Calumet New Imperial 3 20 350 1 67 21 9 50 33 3575 27 39 15 24 1 35 3237i Sllverftefds Shernit Gordon Steep Rock Siscoe Tek Texmont Upper Canada Western Mines Wright WiJlroy Windfall Yellowknlfe Br Zenmac 1NDUSTR1A Abilibi Alcan Alqoma Steel Alco Ind Atlan Sugar Bell Tel Brazil Trac B C Tel Burns Forest B C Suqar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Powrr C W N Gas Cdn indust Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Conineo Cons Bath Cons Gas Dist Sea Dom Bridge Domtar Dom Textile 1 90 IV DO 250 1 75 5 BO 65 1 90 1 23 13A 5 85 LS 700 1537i 8 i 7 62 2 JfllSa 1675 ri 50 2JCO 18 372 4 50 775 son 600 3625 1 35 12 CO 13 50 39 50 375 17 51 o9 2 9 62Vi 1925 52 50 20 50 1555 IS 12a 1025 S700 Q Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Erie Imperial Oil Imperial Tob int Nickel Int Pipe Inv Gp A Int Utilities Inrfust Accept Laurent ide Kelly Doug A Loeb Metro Stores Msssey Ferq McMillan Bloe Moore Corp MolsonS A Mo I sons B Cent Pembina Pp Power Cop Hog prices EDMONTON CP Prices to 11 a provided by the Al berta Hng Producers Market ing Board Edmonton Quoted to selling Monday Calgary Quoted 2105 to selling average Monday Red Deer Quoted and sell ing average Monday 2191 Weaners sold SI to Light feeders under 100 heavy feeders over 100 Ibs per head Weaiiers to 1275 light feeders under 100 13 to heavy feeders 110 to 130 Ibs 1825 to heavy feed ers over 130 to 28 All prices per head Light feed ers under 100 18 to 52 per average cut heavy feeders over 100 15 to 17 per Bred sows and gilts 43 to CO per Calgary Livestock CALGARY CP On offer to 11 about head Lethbridge No sales Avermostly good and choice slaugh age Monday ter Trade Lloydminster No Avj lvas actjre erage Monday Slaughter steers were fully Grande Prairie No sales to1 steady with sales to heif day or ers were 25 cents lower cows i modifies at on the Winnipeg Grain Exchange lo j day but prices wei e on a hlight j ly stronger pattern in all grains except nc I The stronger pattern uas j due to developing exporter particularly in Thunder Bay light Fla hedge offers and a strong soya May hsan market at i Jlv Oats and barley had mod Oct erately good domestic shipper Nov buying for eastern Rai Fractional gains were j Mar live had fairly good trading May volume but prices were frac Jly tionally lower on scaledown Sep exporter buying and inter month Oats Mav Juh Oct Barlej Oot Dec hieher not May T i higher J not lower 1 July lower 1 lower not Gram quotes Monday basis Lakehend High Low Close 254 253i I Vancouver 315 292i 2T71 315i 2913 Total hogs sold Average 13 Total sows average sold WINNIPEG CP The Winnipeg live ueef futures mar ket was inactive There were two trades Open High Low Close Mar May Jly and bulls were Choice slaughter steers 31 25 to good 30 to me dium to Choice heifers 29 to good 28 to medium to j Good cows 20 to medium 19 to earners and cutters 17 to Good bulls 24 to Replacement cattle were mostly beavy steers weighing from 900 to pounds and selling at steady No stock or slaughter calves offer n Pp West Cdn Sd Zenith Eec BANKS Can Imperial Montreal Nova Srotia Royal TorDorn 2500 58 00 565 8275 lfi6 21 2 50 2 40 2050 35 00 1975 17 1214 dJ75 2675 P 25 42 17 50 775 525 3 P5 36 50 10 122 25 B71 35 1600 loOO 5 5 1200 19 ffi 3487V4 1025 27 37 s 11 12 a 3055 11 62i 3 23 371j 31 37 j 15 371 42 00 350 925 15 50 19 W j 2025 3SO 1 35 31 1500 J 50 2500 2225 Potato futures WINNIPEG CP The maritime potato futures mar ket Monday had active There were no trades Open High Low Close May 2 05 Apr 2 35A May 2 85 Nov IVeiu York stocks Supplied by Securities ol Canada A nr T and Anaconda Bh Stoel Chryslpr tonvst Puprnl Harvester nn Copper Montgomery Ward 3J13 o Golds 1B2B4 up II 25 2175 Std Oil nf 17 62i TexffS Gulf U 25 Trva Co Wool worm 87 37 j Westmghous 3 75 US Steei 3075 TORONTO 85 12 3 10 Base Met 91 65 up 53 7750 15 W Oils 303 77 UO 3 W tV Volume 37 75 NEW YORK AVERAGES 51 25 30 Indust EP9 73 up 1 16 HI 25 1 Rails 10191 off 95 3150 15 Utilities 12251 off U AVERAGES 65 Stocks 29666 off APPOINTMENT ENGMAN Burns Foods Limited an nounces the appointment of E Ensman to the position of General Superintendent ill Packing Dni in uhich position he will he responsible for all pltnt production of the Di Engman is a aiaduate of the Roval Mih College Kingston later took an engineering degree at the of He has been in the meat packing industry since latterhas Chief Ungi ncir if Burns Foods Li 3600 20 Indust 18006 up Volume WESTERN CANADIAN SEED PROCESSORS CHILD The President of Western Canadian Seed Processors Ltd Hugh Michael an nounces the to the Board of Directorsof Arthur President and Chief Executive Officer of Burns Foods Child is a Director of Do minion Bridge Sicbens Oil Ltd Continental Discount Cor poration and a number of other Canadian and Apr 389 Mondays volume of trade was bushels of Ocr of rapeseed and j Dec of j Oats Midsession prices May 8 Flax May i higher Jly July higher 2 Oct la Oct Thunder i 2SS1 278 2i higher not Rapeseed March 2s higher May 2j higher July higher unchanged Rapesced Ttemder Bay April 2 higher June 1 3i higher ft higher unchanged Dec Barley May Jly Oct Dec May Jly Oct Dec JSOi 107 107 107 256 254X4 130t 113Ts 107 107 112 IDB business loans anywhere in Canada We can lend to nearly every type of enterprise manu facturing wholesale and retail trade tourism and recreation construction agriculture transporta tion and If you need financial assistance to or modernize a business anywhere in we invite you to discuss your requirements with DEVELOPMENT BANK TERM FINANCING FOB CANADIAN BUSINESSES Alia Avp ScuthTel 3289681 FARMERS MARCH Wth CIVIC CENTRE ROOM 1 ORGANIC FERTILIZER DOES NOT POLLUTE LEARN WHAT IT DOES FOR YOUR LAND AND CROP YIELDS SUPER GRO SUPER GRO NOTICE NOMINATION MEETING LETHBRIDGE EAST PROGRESSIVE CONSERVATIVE PARTY MARCH 15 PLACE ERICKSENS FAMILY RESTAURANT GUEST SPEAKER PETER LOUGTIEEl LEADER OF THE OPPOSITION The public is cordially invited to attend ;