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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 13, 1972, Lethbridge, Alberta Weaker trend evident today TORONTO Irrtiistrial issues on Ihc Toronto slock market plunged sharply lower as prices in all major sectors recorded loses in slow mill- morning trading loday. The industrial itulex down .99 to 200.70. golds ,li to base metals .M to 97.00 and weslern oils 1.40 to 223.01. Volume by It a.m. was shares compared with at (lie same time Friday. Declines hefd a wide marpjn over advances, Mil to 09, with 191! issues unchanged. essiag, oil refining, real estate and steel stoc..s or (he industrial index's 17 sub- groups which moved lower. Con- struction and materials issues were generally unchanged while communication and pipeline stocks edged fractionally higher. Indal Canada fell to Moore !i to Gulf Oil to Noranda to Can- ada SoiUhcrn Pete 50 cents (o F3.46 and Scottish and York Holdings to S14. Inco slipped !i to Bank of Montreal !.'i to Alcan H (o Befhlehem Vz to S21V4, Shell 14 to and Bell Vi to Imperial Oil was up 11-i to Scott Paoer 14 to S24, Hudson's Bay Oil and Gas '2 to Koffler Stores -li to anil Shcrritt Is lo LIGHT TRADE MONTREAL (CP1 Led by banks and industrials, prices fell in all sectors in light morn- ing trading on the Montreal exchange today. On the Montreal Stock Ex- change, Scolt-Lasalle lost to S10, Imasco to SKI'.i, Moore Corp. 14 to Imperial Oil 1i to SSSl'i. Calgai'y Power '2 (o S20, Bell to 545's. Union Oil ?s to Massey Ferguson to Interna- tional Nickel lo and Bank of Jtontreal ?8 to ?20'A. B.C. Telephone rose lo SC614, Texaco Canada Ji to Asbestos to On the Canadian Slock Ex- change, Belgium-Standard lost "a to on a volume of 2.IM7 shares and Kallio Iron Mines gained 50 cents to S3.25. SHARP DROP NEW YOUK (AP) Stock prices were sharply today, widening the slide of the last several sessions. The Dow Jones average of 30 industrials was down 8.13 at 931.74 at noon. Declines led advances on the New York Stock Exchange by more than 2 to 1. ..Analysts said Ihe market was falling to profit taking prcsure. At noon ths Associated Press GO-slock average was down 1.0 to .135.8. Stocks were oft in all categor- ies except for rails, which were i higher. i Aniomi Canadian stocks, Dome Mines was up at and Genstar, ahead li at the only gainers. Mclnlyre Por- cupine dropncd 2li to and Inco lost to On Hie exchange, Broscan lost to and Scurry Rainbow was oft a iike amount at IC-'i. Gra am prices Winnipeg Grain WINNIPEG (CP) Trading continued light to (ho mid-ses- sion rn t'ne Winnipeg Grain Ex- change today. Fiax showed some strength and rapeseed trading was mix- ed and prices remained near previous dose levels. Friday's volume of trade was bushels of flax, of rye and of rapesecd. MID-SESSION Flax: May 7i higher 2.82K; July '.-i higher C.79; Oct. liigli- cr Nov. higher S.JB'.i. Rapeseecl Vancouver: March !a lower June ?H lower 2.58A: Sep. Ti lower 2.58; Nov. higher 2.COD. Rapeseed Thunder Bay: May U lower July V2 lower Oct. unchanged Nov. not open. Oats: May 's lower July unchanged 69A; Oct. not open. Barley: May unchanged 1.09'iiA: July unchanged Oct. not open. live: May not open; July lower S'fit; Oct. not open. Dollar Value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds up 3-1C to pomld ster- ling down 3-16 to 9-1B. NEW YORK (CP) Cana- dian dollar down 9-64 at 51.00 5- 32 in terms of U.S. funds. Pound sterling down 15-64 at 27- 32. OPTIMIST CLUB OF LETHBRIDGE Persons wishing receipts for income tax purposes in respect to donations to the 1971 HIKES FOR TIKES Please contact P.O. Box 663, Lethbridge Toronto mines, industrials (Supplied By Richardson Sccnrlllos of Canada) LAST BID Oil SALE Monday, Morch 13, 1972 THE IETHBRIDGE HERAID 23 Distillery needs Edmonton aid a.m. Quotes) MINES Acme .40 Advocate Asb. 1.70 Akaltcho .so BrafoTiu 2 35 Broulan ,25 Be1 Menem 21.15 Brunswick Canada Tung. Casslar Central Par. Chlmo Cons. Rambler Coin Lake Cochenour (11 :OD A.m. Ouofeil (11 Qyotei) Norle; .31 1.58 K.75 1 .50 8.20 .33 B JO Dickenson Mines i.IO Oenlscn Mines 27.25 Dcrv Horn D'EfcJona .53 Dome Mines Ostiki Pine Point Placer P.C. Exp. Quebec Man Ray rock Rsdlwc Rio Atgom Roman Corp. SherriU Gordon Sifver Miller Sleep Reck Tck Corp. Toxmon! Upper Canerfa Western Mines Wrighf Hargreaves 1.2D Wiilroy 1.65 Wlncllall -O YellowXnife Bear Zermac .07 INDUSTRIALS .11 31 1B-2S 14.2.5 .OSV'i 3M2 Casr Mafartic East Sullivan 1.10 3.75 9? .55 .33 Granduc Head'.-.ay R.U. HudSDfi Day MS Hydra Ex. Ircn Cay Iso Jol'et OunbGC Kerr Acfdison Key A natron 1. B trader Lake Shcre Lancjs Silver R.U MalarUc G.F. Marlin McNeely Maclnlyre Wiririm tntcrn Mcgut New West Home New Alhcna V.r. Hcwse Copper Noranda Norrhnate A Ml I hi Alcan Alqonia Sfcet Ateo Ind Aflan Suijar Agra Ind Dell Tel ri! Trac B.C. Tel R.C, Forest B.C. Sugar Bow Valley CAG Ind Tdn Brfv; Chsmcel! Col Cellufcss Cal Power Ccron CrcdJl C.'.V.N. Gas C d n I nd L-st Cdn Marctni Cdn Vickers 8.62Vj 15.00 7.00 IKr-Z 20.F7V? 66.35 Id 75 3J.7S 21.35 20.75 6.87V: 8-371 i 5.3713 2 Ei 10-75 9.25 2.-11 6.50 Chrysler CPR Comlnco Ccnsi Bath Ccns Gas Cdn W rial Disf Sea Dom Bridge Domfar Dom Textile Dom Stores Dome Pete 11.50 15.50 3 35 11.CO 3UO 23J5' 8.87V 19.OD Gas 7100 31.75 17.00 13.50 23.00 16-35 31.75 Dolasco Cable Fd o) Amer G1 Cdn Oil Gl Lakes Pap Gull on Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial OH Imasea Inf Nickel Int Pipe Gp A Int Utilities Indusl AccpeC LaurenMtfe Kelly Doug A Lobtaw A Stores Massey Ferrj McMillan fAoore Corp Poisons A North', Cent Power Corp Price Co. Rothmans l.av; Corp Shell CDA Simps en's Simp Sears Steel of Can SElkfrk A Texaco Tracfers Gp A Trans Mfn Pp Trans Can Pp Unlcn Gas Union Oil Versatile Mfg Union Car Wesfon's B A West Cflo SD Zenith BANKS Can Imperial Nova Scolia 1B.SD 71.00 81.75 17.35 3.55 77.00 6.00 3 70 4.25 13.00 26.JO 3300 22.75 9, CO 3S.iO 20.10 By JIM MAYBIE Herald -Staff Writer A decision should be made within the next month on whethe r a dis ti llery cost ing more than million will be built in Lctlibridgc. Philip Underwood, president of International Distillers (Can- ada) Ltd., (old The Flerald in a Japan big buyer of Alberta coal EDMONTON (CP) A rec- ord tons of coal worth ?4.I8 million were produced Alberta in 1971. The annual report of the 20.21 15.87Vii 17.75 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied hy Dolicrty, McCuaig Limited) LAST BID OR SALE e.m. Quotes) WESTERN OILS Alta Uast Gas 655 18.87', 14.03 i.90 a.m. Quotesl Husky Oil 15.7i Husky Oil B Hutky Oil War 5.75 i Inter Pipe 1575 (11 :DO a.m, Sleet Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Super Cdn Long Is Charfer Chiofian Domfl Pete Gt Plains Gt Cdn OiJ Koj-m'cdn Oil 5.05 9.65 37.621 33.6V. 6.40 l.t-2 6-15 IS. 75 2.75 3X4iV'j A. DO 4.75 5.00 5-50 13.00 l.SO Plate Gas Pcfider Ranger 1 Scurry Rain 1 Spoovier Seitrens 1 Total Ulster Vf Decal.a Wesf Pete 1 INDUSTRIES Aquatain? 2 Cdn Brew A J Cdn Brew B 3 Cdn Pacific 1 Ind 31 H Falccn Copper Genster Hud Bay Co Hurf Bay Oil Hud Pay Oil Pfd Hugh Russell Kaiser RES fAGF Manage Pacific Pole Rainier Sar.dv.eH Trlcdyne WesJ Cdn Seed While Yukcn r CALGARY i Acroll .57 Darcns Oil ,OJ Madison .12 tJorfh Cent .0? i West Warner PIPE LINE STOCKS f Alia Gas A it.CO Alfa Gas Pfrf 13 17' Alta Nat Gas 13.0-3 Inland Hat Gal Ift.li1 N and C GAS U.75 N and C Gas PFd 57.15 Invest Mulual Mutual Ac Mutual Gr Nat Res N W Frn II Gr UnUed Ac Universal Sav Vanguard 6.39 5.6? F J.93 6.S2 7.49 8.19 S.Od 6.73 t 85 4.85 5.26 6.4} 6.67 6 6T 7.70 5.47 8-14 8.9-i 11.63 7.35 fill f 5.81 VANCOUVER MINES Mining FxplW Livestock Calgary livestock CALGARY (CP) Receipts at the Calgary livestock mar- ket to 11 a.m., about 250 head; mainly slaughter cows. Trade was active. Insufficient slaughter steers to establish a market wilh only a few slaughter heifers selling steady for quality as no choice kinds were available; cows e r c mostly medium and canner kinds at steady prices; bulls were steady. Good slaughter heifers 31.50 to 32.75, medium 29 to 31.25. Good cows 27 to 28, medium 26 to 27, canncrs and cutters 21 to 25.50. Good hulls 27 to 29.10. Replacement cattle were scarce, selling steady for qual- ity. No stock calves offered. Good feeder steers more than 750 pounds 3-1 to 36.60, Hogs base price 28.85. 6.39 Pac Gas Trans Gar Gar Metro A Trans Cda Pipe Trans Cda B Cdn 13.00 5.S7V3 70.55 B rye on Churchill Copper Croyden Dankoe Dolly Vardsn Pynasfy Forr Reliance Gianl Mascot Lorn ex Lytkn Trans Cda War V.r Trans Trans Wls MUTUAL FUNDS Gr Pacific 5.16 All Cdn Com All Cdn Divid All Cdn Vent 78.00 13.6JV3 30.50 IV 00 5.65 8.50 10.67 Minerals J.Efl .10 .35 1.37 AGF Special Cdn Invc'S) P Col Mi 8.9} 9.7J 9.94 10.EA J U d 51 7.05 7.7J 3.5J 5.03 5 5T 6.97 7.45 i cnmw Inter 1J.67 1S.72 LEf 3 94 J 33 Corp Invest 6.69 Corp In St F 5.71 5.72 nrcyfus F U S. U.d3 U.7I Gr In Shares J.06 4 47 Gr Equity 7.dl 8.14 Invest Gr F 1272 13.34 Trofan Valley Copper Res Bros 9.75 3.i5 B.C. Sugar Pfd Cap! Inttr 6 Crestbroor; F Ind 4 JO Hys 3.25 Inlerlw 3 75 Infer Mariner Key Indus! .41 Pacific W Air 16 67'j I nil RES OILS Albany 49 Plains Pete 'ya V.'est Explor I3ij Amr T and T Anaconda Bolh Eleel Chryiler Comsfll Dupont Gulf Int Harvester Kenn Cuppe New York stocks (Supplied By Richardson Securities of Canada) Ab.dVh Sears Std Oil cf N.J, 32.25 Tex.iS Gulf 31.75 Texas Co 67.00 Wkhes Corp 169.63Vi V.'oshvcrfh -j it- 82.50 Elec J7.00 Steel 3J.75 TORONTO AVERAGES Kenn Copper 27.75 TORONTO AVER Montgomery Ward 7E.35 20 Fnclusr of! 110.75 20 Golds m.St off M 73.75 10 Bsse Wet 96.29 oil 30 15 W Oils 311.6Q off 1 87 37.62'b Volume YORK AVERAGES 30 Indust 931.74 off 8 13 20 Rails 260.38 off .25 15 Ufilities 115.03 cff .15 Sfccks 323.T1 off 1.77 Volume E, NOW IS THE SEASON TO ENJOY YOUR FIREPLACE WITH A COMPLETE SET OF FIREPLACE TOOLS AND ACCESSORIES We have a complete stock in ail styles and finishes A GOOD SELECTION OF DRY BIRCH AND CEDAR FIREWOOD BIRCH per cord CEDAR per !i cord 1725 40 ONLY SWEDISH IRON FIREPLACE SCREENS 36" wide x 28" high Our luggesled price 43.05 PRMNVENTORY Oft QR SPECIAl t3 Dividends By THE CANADIAN' PHt'SS Alberta Natural Gas Co., 25 cents March 30, record March 1C. Identify victim of house fire HIKES CREEK (CP) Leo- nard Edger Bean 40, was iden- tified as the man killed when fire destroyed his three room house in UiiH's Creek in north- western Alberta. Another resident of the house, Gus Damer was rescued by firemen through a bedroom window after (hey heard him coughing. The cause of Uie fire was not known. By Gene Fawcetta MUSCLE TRANSPIAMTS- FIRST-HAVE BEEN ACCOM- PLISHED BYA BRITISH SURSEON HE HAS BEEN RJL IN CORRECT! N3 MINOR PARALT5IS AND Erf TRANSPLANT! SMIL MUSCIES FROM OTHER PARTS Of THEBOPy... division, tabled in the legisla- ture, sard tons were sold to Japan. II was the first lime thai coal production had exceeded eicnt million Ions since 1930. The previous record for output was tons in 1940. Last year's output came from five underground and 22 strip mines anci compared ivith pro- duction of Ions million in 1970, when 394.244 tons were sold to Japan. EMPLOYED Although 1971 was a record production year, the value of tlie coal fell short of the million figure set in 1949 when tons were produced. The 27 mines operating in 1971, one less Uian in 1970, em- ployed persons. Eight of the mines produced 90.55 per cent of the coal. Tile report said that Alber- ta's 20 quarries produced tons of shale clay, lime- stone, building stone, bentonite and oil sands last year, an in- crease of 3.390.4W tons com- pared with 1970. telephone interview from Tor- onto, that the federal govern- ment has turned down two bids from Hie firm for grants. The firm has since applied to the provincial government' for assistance. A decision on whether lo lo- cate in Lcihbridge is expected to be made by the company he- fore ifs option expires on SO acres of land north of Ihe city's industrial park. Li January, city council ex- j [ended the company's option lo April 17. International Distillers has paid for the option. Total cost of the property is The distillery would be a boon to local farmers. When op- erating at capacity, it would re- quire bushels of corn a year. R. G. McFarlar.e, deputy minister of industry and com- merce, told The Herald one of the reasons Lethbridge is being considered is the availability of corn in tills area. Ths project is favored, he said, hy the Southwestern Alberta Economic Advisory Council, a group formed in November by ihe provincial government to promote better two-way com- munication between govern- ment and small business. Projected plant employment is in excess of 50 persons, Mr. Underwood said. Dennis O'Connell, city eco- nomic development officer, said he has been working with the company for two years. The company would produi-o rye, gin and vodka at its new plant, lie said. International Distillers (Can- ada) Lid. and its sister com- pany, Gilby Canada Ltd., are wholly-owned subsidiaries of In- ternational Distillers and Vint- ners Lid. of London, England. NIXON POPULAR PRINCETON, N.J. rAP) The Gallup poll says President Nixon's popularity hss reached its highest level in 14 months. I log prices EDMONTON