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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 12, 1971, Lethbridge, Alberta Stock prices up in active trade CIV Rail operating deficit increases TORONTO CP Prices were mixed to fractionally higher in active nudmoming trading today at the Toronto stock On industrials were up 19 to golds to Grain prices Winnipeg Grain WINNIPEG CP Trading continued light in all commodi ties through mid session on the Winnipeg Grain Exchange to The main activity centred in oilseeds where all futures were showing a little strength on improved exporter Oats and barley had only a light domestic shipper trade while rye had a moderate vol ume of trade with light hedge offers and exporter Thursdays volume of tirade was bushels of of rapeseed and of Midsession prices Flax May 1 higher July 1 higher higher s higher 255B u Rapeseed Vancouver March 1 higher May un changed July higher not Rapeseed Thunder Bay April not open June higher and not Oats May higher and not Barley May unchanged July Vs higher Oct and not Rye May leaver July unchanged Oct unchanged un changed Prices for class two wheat Thursday for export to coun tries outside IGA 1 nor 180 2 3 4 1 Durum 2 3 4 IGA prices 1 Nor 3 4 1 Durum 2 4 Gram quotes Thursday basis High Low Flai May 255Vi 254 Jly 253 252 Oct 256 Nov RaDesced Vancouver Mar 318 315 May 297 2WA Jly 381 28014 Sep Rapeseed Thunder Bay Close 255 253 2551s 254 315 294Vi 280 261 Apr Jun 285s Oct Dec Oats May Jly Oct Dec Barley May Jly 129s Get 122 Dec Rye May Jly Oct 284 Dec 114 107 107 131 128 122i 113s 107 107 294i 285 261 85 85 85 133 1297i 122 122 114 107 110 and base metals to Western oils lost to Volume by 11 was up from at the same time Gains out numbered losses 134 to 86 with sw issues Trading was suspended at the pening in shares of Home Oil Ltd and Cygnus lie federal government is nego ating with Home President for the purchase of a lajority interest in the com Brown controls Home irough Cygnus of Cal Home Class A shares dropped a Ts while lass B shares lost to ygnus A was down to nd Cygnus B to Strongest sectors this morning vere food processing and oil re Seagrams was up to anadian Industrial Gas to 11 Cominco Vt to cottish and York Vi to and Pan Ocean to TEADY TRADING MONTREAL CP Prices iched narrowly upward in slow jut steady trading on the Mont eal stock market The withdrawal from trade of lome Oil and Cygnus an nounced by the Quebec Securi ies Commission had no visible effect on The federal government is ne gotiating with Home Oil presi ient Brown for purchase if the Highlighting gains on the Montreal Stack Exchange Royal Trust was up to Imasco Limited to Hoi inger to Noranda to Among declining Can ada Steamship Lines was of 1 to Velcro Industries o Pacific Petroleum tc Alberta Natural Gas tf International Utilities V o Scotts Restaurants V to On industrials were up 40 to utilities to 15426 banks to th composite to Paper declined to By 11 shares DJA OFF NEW YORK AP The stock market reverted to a drifting pattern today in the ab sence of anything stimulating in the news Trading was The Dow Jones average of 30 industrials was off to at Among C a n a d i a n s on the Granby Mining was up at and Walker ham was off at On the Americaan Stock Ex Canadian Javelin was up k at Potato futures WINNIPEG CP The Maritime potato futures mar ket was inactive Thursday bids and offers ranging from current levels to five points but no Wednes days trading volume was Open High Low Close Apr May Nov OTTAWA CP The 1970 operating deficit of the Cana dian National Railways is about million higher than in CNR vicepresi said He told the Senate transport committee that exact figures will be disclosed when the CNR annual report is made public vithin two The 1969 deficit was mil a drop from the 1968 deficit f Vaughan was speaking just before the Senate committhe debt could be reduced Canada shares being put on the tee approved a government bill I more than million The raU st before me aenaie coimiuiine cumu approved a government bill more than ate rail market vidine financing for Air Can way paid million in interest in ada and the The CNR weepresident said the increase in the deficit in 1970 was largely due to the un certain economic climate last The current railway debt stood at Vaughan said that if the capital structure of the railway could be rearranged by Parlia the amount of interest that had to be paid annually on Miscellaneous quotations Montreal Supplied by Roadhmise and McCuaig LAST BID OR SALS Quotes Quoltrt WESTERN OILS Alia East Gas Atmtnex Asamera BP oil Gas Can South Cdn Ex Gas Ashtand Cdn Homesfd Cdn Home Pfd Husky Oil B 44 50 Corp Invest 5tt Husky Oil War Corp In S F Inter Prov Pipe Dreyfus F 1232 1837A intl UH Pfd 4362AGr Equity AS fl 12A Gr ln Shares 10 37A Invest Gr Mutual 700 1 01 2 EO 6 40 Inter Steel 5 40 Jefferson Lake 4 55 Joule I Kaiser Res 635 Kam Kotla 1500 L Ont Port Cem Cdn Ind Gas Oil 11 00 MFG Manage Cdn Logn Is Cdn Super Cen Del Rio Charter Chieftan 76 Mentor Dome Pete Dynamic Pete Total Pete Great Plains Lochlel Mill City New Cont North Cdn OH Numac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner 1 W Decalta MISCELLANEOUS INDUSTRIALS Agra Ind 750 Atco Ind Aquafaine Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv Newconex 12 Pacific Pete 655 Rank Ore Selk Hold Shell Can Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Seed White Yukon CALGARY Acroll Ana Pete Barons Oil North Cont Plains Pele West Warner Madison 8725 1 07 725 3450 1 31 1 63 75 740 750 63 Mutual Ac Mutual Gr F Nat Res N W Fin N W Gr Principal Gr Royfund United Ac Universal Sav Temp Gr 529 579 5 27 5 EO 520 572 735 803 452 497 535 563 452 5 47 6 54 474 521 790 If this was dooe the railway could operate at a he The company was willing to advise the government on this matter if the advice was re DISCUSS STRUCTURE Vaughan also said Air Canada now is discussing its capital structure with the gov All Air Canada shares are owned by the The railway feels it is wrong for CN to be the only share holder of Air he The govennent could be the ma jority shareholder with CNR having minority holdings There was no talk about Air said the CNR bus senice in Newfoundland which replaced the raU passen ated a aencit ot 11 aou ea 1970 But this was less than pre1 mostly replacement cattle and vious railway deficits in Newock Trade was ger system there last year oper ated a deficit of in Marth 1971 THI LETHBRIDGI KERAID 19 Livestock report Lefhbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY P On offer to 11 about head The financing bill would pro ride CNR with million for capital investment in 1970 and million for obligations in curred by the company before July 1 Uiis It would also provide the rail ay with up to 5163 million for contracts to acquire new equip ment before July Loans made to Air Canada and company debentures would be guaranteed ip to mil Municipalities to oppose cut in gas royalties VANCOUVER Anuk 337Vb 4 82 650 250 Ind Crows Cygnus A Cum Prop GtCdn Oil S Gt Cdn Oil 675 10000 Home B 2750 Home Pitfld Hud Bay Co Hud Bay OH Hud Bay Oil Pf Hugh Russell Husky OH oc Atlas Beth Copper 1575 1550 Block Bros 435 Brenda 8 50 85 Sugar 1837A 38 BC Sugar Pfd 1550 06 Capt Inter O Churchill Capper 31 Col Cellulose 39 Coronation Credit 145 33 Crcstbrook F Ind Croyden 23 pTKLIHE STOCKS Alta Gas Tr L A 49 Reliance Alta Gas Tr L Pfd 73 i2Va Giant Mascot 4 55 ntn Granisle 10 37W Ky Indust Growers B Bath Norse Hys 2 25 Interior Brew Jericho Kamloops Copper Lornex 8 00 Lytton Minerals 2 12 New Cronin New Imp Mines Alta Nat Gas 23 50 Cdn W Nat Gas 17 OB Inland Nat Gas 12 50 N and C 1650 N and C B Pfd 31 00 Gaz Metro 4 65 37 no Gas Metro 64 00 17121A Tr Cdn P KM Tr Cdn P Pfd 4200 CPR 950 Tr cdn p pfd A 602S CPR Pfd cdn p 1Q25 Westcoast Tr 2150 1450 Western Pacific okanagan 540 MUTUAL FUNDS AGF Special 2 6S Pyramid All Cdn Com 8 58 Silver Standard 210 All Cdn Dlvid 9 77 Texmont All Cdn Vent 351 3 8J Trojan 41 87A Amr Gr F 547 601 Western Mines 5800 Cdn Invest F 4 48 Westcoast Res 2150 Cmnw Lev 12 71 Western Explot EDMONTON CP Munici pal authorities across Alberta have agreed to oppose a provin cial government plan to put a ceiling on payments to munici palities from oil and gas royal Delegates from jurisdictions ranging from Lethbridge to Grande Prairie and Lloyd minster to Hinton met here and voted unanimously in protest against the budget Delegates included represen tatives of the Alberta Urban Municipalities Association and the Alberta Association of Coun ties and Municipal Helocp mn Cmnw Lev 3 30 3 62 Utica Toronto industrials Supplied by Richardson Securities of Canada Quotes LAST BID OR SALE QUOTES Quotes ATTENTION FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK PICTURE BUTTE AUCTION MART Ideally located in the centre of large cattle feeding and hog raising area March 13th at 1 400 HEAD 400 ALL CLASSES OF CATTLE HIGHLIGHTED BY 30 HOLSTE1N STEERS 500 from one owner Also 400 TO 500 FEEDER HOGS AND BROOD SOWS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOE or JIM JURIS Phone 7324400 or 7324468 Picture Bulla MINES Acme Advocate Akailcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung cassiar central Chimo Con west Rambler Com Lake Cochenour Ditkenson Mines Denison Mines Deer Horn DEldona Dome Mines Donalda Discovery Mines East Malartic East Sullivan Falconbridge Frobex first Giant Bovis Gunnar Granduc Headway R Hollinger Bay MS Hydra Highland Bell Iron Bay Isn Joiiet Quebec Kerr Addlson Key Anacon Labrador Lake Shore Leltch 1 anis Sliver Madsen R arlic Martin McNeely May Maybrun Maclntyre Meta Midrim Intern Mogul New Athona New Calumet New Imperial Noranda Northgate Opemika osisko Patino Pine Point Placer P Quebec Man Rayrock Rio Algom Roman SHverfields Sherrltt Gordon Silver Miller l3A Sleep Roclt n Siscoe Tek Texmont Upper Canada Western Mines Wright Willroy Windfall Yellow knife Zenmac 330 50 161 245 1575 530 2300 1 46 960 320 825 1 35 2SOO 2900 1 Ofi 161 1900 72C 1 90 1925 245 1 82 590 75 1 90 350 1 23 1 10 105 350 138 00 1 08 1025 2 15 635 10 50 22 1216 26 320 350 170 21 925 3650 320 1050 IB 18 13550 1150 INDUSTRIALS Alcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Braz Trac B Tel Burns B Forest B C Sugar CAE Ind Cdn Brew Chemccll Col cellulose Cat Power Cdn Indus Canada S S Cdn Marconi Chrysler CPR Cominco Cons Bathurst Cons Gas DIst Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete 1 if Dofasco 3 00 Fam Players n EO Fd of America 10 Gt Cdn Oil Sds 1 Gen Motors Gt Lakes Pap Gulf Oil Cda Grey Lines Hawker Sid Huron and Erie Hiram Walker 3725 Imperial Oil Imp Tobacco Int Nickel Int Pipe Inv Group A Int Utilities Indus Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg Bloe Moore Corp Molsons A Molsons B 7 00 North and Cen 23 00 Pcmbina Pipe 15122 Power Corp B25 Price Co 7 Rothmans St Law Corp 1675 Shell CDA 65 00 Simpsons Simp Sears 24 oo steel of Canada 1812 Selkirk A 4 50 Texaco ervi Trad Group A Trans Mtn Pipe Trans Can Pipe Union Gas Union Oil Versatile Mfg Westeel Union Carb West ons B ti Wood A 9 62Mi West Cdn Sd Zenith Elec 53 50 BANKS 21 37Va Cdn Imp 1525 Montreal Nova Scotia Royal 87 25 TorontoDom A 80 600 2725 1350 3075 355 69 37 22 00 560 82 75 21 37A 14 25 2000 1737A 1525 2875 850 43 50 17 37 550 3 500 3875 7050 2525 3550 1650 2900 1225 1900 3550 1925 2375 2725 n so 3050 11 62 23 6214 31 50 1550 350 950 15 fi2i2 21 00 350 21 62i3 151i a 2450 24 Hog prices EDMONTON CP Prices to 11 provided by the Al berta Hog Producers Market ing Board Edmonton Quoted and sell ing average Thursday Bed Deer No Av erage Thursday Oalgary Quoted and selling average Thursday Lethbridge No Av rage Thursday TJoydminster N o Average Thursday Total hogs sold to 11 Sows selling Total hogs sold average A motion urged that a strong otter of protest be sent to Pre mier Harry and all A resolution requested a delay of second reading for lie bill and asked for time to give the group a chance to make representations before committee of the whole legis The meeting agreed that joint committee should star immediately on preparation o a formal brief to be presenter to a mini convention of th total membership of hot possibly within twt The administrators said tha their main concern is that ai unexpected cut in municipal grants would disrupt their hue and result in a direct tax In the the govemmen had bet aside onethird of in come from oil and gas roya ties and distributed it to the municipalities on a percapit The new proposal is that the royalty income to be distribu ed be held at million about what it was las The municipal official sal that oil and gas rev nues have been rising steadi and they have been preparin their 1971 budget on the bas of an increase over last year Slaughter cattle were most cows with all classes selling eady for Good to low choice slaugh r steers 30 to 31 medium to Good heifers medium to rood cows 20 to medium to canners and cutters to Good bulls 24 to Replacement cattle were lostly steers less than 750 tounds and heifers less than 00 No top quality tock calves on All classes of replacements ld qualify consider Good feeder steers less than 50 pounds 33 50 to more lan 750 pounds 30 to Good eeder heifers 28 to Good tock steer calves 36 to ood stock heifer calves 31 to 34 Good butcher weight alves 31 to 34 Hogs base price 20 Macleod Livestock FORT MACLEOD On offer cattle and Market teady on butcher classes most stockers and feeders steady with pressure on fleshy Choice steers to good to luw choice Including holsteins 29 to Good to choice heifers 23 50 to 29 50 pood cows 2U 50 to 21 with medium 19 to 2025 canners and cutters 16 to 13 Good bulls to Good flesh feeders 31 to 32 50 with medium including lolsteln 29 to SO 50 Light steers 550 to 650 Ihs sold 33 50 to with fleshy 500 37 to and lighter green kinds 40 to 41 50 Medium feeder heifers 29 to 3025 with heavy fleshy stock ers 31 to Those around the 500 Ibs 32 JO to 03 50 depend ing on flesh with lighter fireen kinds to Zellers 7ms record earnings MONTREAL CP Zellers Limited reports record net earn ings oi million or 59 csnts a common share for the fiscal year ended an 11per cent increase over the previous years net earnings of mil lion or 53 cents a Sales for the period were a record million compared with 6 million the previous Dollar value MONTREAL CP dol ar in terms of Canadian funds up Vt to Pound ster ling up 716 to 43 NEW YORK CP Cana dian dollar down 532 at 99 2964 in terms of Pound sterling unchanged at 61 Beef futures WINNIPEG CP The Winnipeg live beef futures mar ket was inactive Thursday with bids and offers ranging from 20 points below the previous close to 20 pouits but no There were three trades Open High Low Close Mar May Jly ANNOUNCEMENT ACCOUNTING OFFICE OPENING MARCH 1971 2018 2nd North PETER HUISING ACCREDITED PUBLIC ACCOUNTANT Phone 3286973 3283233 New York stocks Supplied by Securities ol Canada Amr T and T Anaconda Bth Stcej Chrysler Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Montgomery Ward 33 50 20 Golds 182 66 up 05 2100 Sears 8550 10 Base Met 9350 up 21 37Sid Oil Of W Oils 20611 off Texas Gulf 11755 Volume 7025 Texas Co YORK AVERAGES 13900 Woolworlh 5000 30 Indust 69615 8225 Weslmghouse Elec 8000 20 Rails 20067 off 3075 US Steel 31 15 Utilities 12318 up 31 12a TORONTO AVERAGES 65 Stocks off 3525 20 Indust 18064 up Volume Mclntyre Porcupine Mines Coal Division REQUIRES MINE SURVEYORS Successful applicants will have a minimum of 12 months experience underground in operating tran levels and making coordinate HEAVY DUTY MECHANICS A minimum of four years experience required to effectively maintain heavy equipment including D7 and D8 Journeyman status COAL MINERS Experienced underground coal miners wifh a mini mum of six months Excellent employee Located near the new town of Grande 90 miles northwest of For more information please apply to Roberts Industrial Relations Superintendent Mclntyre Porcupine Mines Box Grande Alberta Special Hiram Walkers Special Old Canadian Whisky wins wins on wins on Make yours Special You cant The ;