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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 15, 1971, Lethbridge, Alberta March 1971 THE IETHBRIDGI HEKALO 15 P Three bond Miscellaneous quotations offerings announced Stock market sharply higher TORONTO CP The To ronto stock maket pushed sharply higher in acUve mid morning trading On industrials climbed to base metals to 9432 and western oils to Golds lost to Volume by 11 was up from at the same time Gains outnumbered losses 164 to 75 with 196 issues Good oil refining and real estate led advancing Fifteen of the exchanges 17 subgroups were Among advancing United Funds Management was up 1 to Noranda ai to Texas Gulf Sulphur 3s to Kaps Transport 3s to TransCanada Pipeline to Sherritt 7s to and Pan Ocean Vi to Pembina lost to CPR V4 to Great Plains to Consolidated Marbenor 10 cents to and Ulster Pete four cents to LIGHT TRADE MONTREAL CP Prices rose in all sectors today in light trading o nthe Montreal stock On industrials were up 72 to utilities to banks to 191 the composite to and pa pers to By 11 shares had Highlighting Reitman was up 1 to 00 and Credit Foncier to Interna tional Utilities rose to MacMillan Vi to and Pla cer Development to CPR declined 1 to DJAUP NEW YORK AP The Dow Jones average moved above the 900 level as stock prices rose in todays active At the Dow Jones aver age of 30 industrial stocks was up to The last time the Dow closed above the 90 level was June 1969 when it hit There were numerous price movements among Canadian with Granby Mining up a point at Alcan at and Hudson Bay Min International Nickel an WaikerGooderham all up a and respec Distillers Seagrams lost a and Canadian Pacific a Dome Mines was off a and Massey at On the American Stock Ex Scurry Rainbow 0 moved up at and Jup ter lost at Montreal Supplied by Roadbause UcCuaiJ LAST BIO OR SALS OTTAWA CP The govern ment today offered three new mediumand longterm bonds at interest rates ranging from ive to per cent a The totalling mil are to be issued April Order books open The fi nance department will deter mine the amount of each issue be sold after the order books probably The offerings are fivepercent bonds issued at face value to mature April yielding investors five per cent a yfiar when held to sixmonth perccnt bonds issued at face value to mature yielding investors per i n e y e a r C 25percent bonds issued at 99 per cent of face value to mature April yielding investors about per cent a year when held to As announced the Bank of Canada will take a min imum of 150 million of the new The million raised in the bond issue will be used to re deem million worth of gov ernment bonds maturing April and for general purposes of the 495 62 163 WESTERN OILS Alia Alminex Asamera BP Oil Gas 6 Can Soyth 5 Cdn Ex CM 4 Ashland Cdn Homestd 8 Cdn PW 15 Cdn Ind Gas Oil 11 Cdn Long is Cdn Super 3f Cen Del Rio 12 Charter Chteftan Dome Dynamic Pete Total Pete Gt Plains Lochiel Mill City QooltS Huky 01 B huSny Oil War 8 iner Prov 1225 rtl Util Pfd 4325 ifer steel pipe 835 83 Corp If Invest Gr ION 93 Delay urged in permits for Alaska oil pipeline 775 8475 1 C2 725 34 CO 1 7 invest Mutual Mutual Ac 165 Mutual Gr F jlO Nat Res N W Fin 550 NW Gr Principal Gr Roytund 13 no United Ac 35 aA Universal Sav 35 75 Temp Gr Atlas 145 57 1375 24 0 1 75 620 Snow removal expensive job North Cdn Oil Numac Pcrmo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Soooner W Decalta MISCELLANEOUS INDUSTRIALS Aqra Ind Atco Ind E 25 Aquatalne 25 Grit Nfld Cdn Brew A 31 ui Cdn Brew B 37 25 Cdn Hydro Car 17 25 Cdn Pacific Inv 2s 05 CPR Pfd 957 Crowsnest Ind 34 M Cum Prop I UO Gt Cdn Oil S 5 Gt Cdn Oil 675 loooo Home Pltfld 205 Hud Bay Co 17 D Hud Bay Oil Cdi Hud Bay oil Pfd 56 so Hugh Russeil 21 50 Kaiser Res i Kam Kolla L Ont Port Cti m MGF Manage wentor Newconex Pacific Pete Rank Org Hold Shell Canada Shell Inv Pfd Shell Inv Wts 1550 Sicks Rainier West Cdn Seed White Yukon CALGARY Acroll 88 Ana Pete 38 Barons Oil North Cont Plains Pete 35 West Warner 2S Madison 33 Rexdale PIPELINE STOCKS crestbrook Alia 6asTr L Alta Gas Tr L Pfd Alta Nat Gas Cdn W Hat Gat UIaSd c31 G 531 581 530 583 520 572 736 4 53 535 4U SH 476 720 VAKCOUVER BC sugar 18 37 Pfd capt inter ChurchLlI Copper lOS Cwonatlon l JJ 20 J6Q 57 Giant Mascot 4 65 Granlsle H Key 225 P Pfd Pld A 62 50 Kamloops Conper Husky Oil AGF Special At Cdn Com Al Cdn Dlvid AH Cdn Vent Amr Gr P Invest F Mutual Inter 17 50 Cmnw Lev 7 86 S S9 Pyramid 895 Sliver Standard 3 53 3 86 Texmont 5d9 6 03 Trojan 448 J91 Western Mines 627 669 WC 12761398 Western Explor 330 362 Utica Grain prices WINNIPEG CP Trad ing continued generally light in all commodities at midses sion on the Winnipeg Grain Ex change Exporters continued buying in flax and nearby rapeseed futures with prices moving fractionally Oats was mostly inactive with a little domestic shipper buying in Eye had a moderate with some intermonth Fridays volume of trade was bushels of of rapeseed and of Opening prices Flax May lower July higher lower 2 not Rapeseed Vancouver March V lower May H4 lower July 1 higher not Rapeseed Thunder Bay April lower June un changed not May unchanged Oats not Barley May Vs higher July lower not Rye May Vt lower July lower Vs lower not Livestock Lethbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY CP Receipts to 11 at the Calgary pub lic livestock 185 head mainly comprised of slaughter cattle of mixed quality and stock Trade was Slaughter steers sold steady with last weeks Heifers were steady with no strictly choice kinds on Cows were in good demand with prices 50 cents higher Choice steers 31 25 to good 80 to medium to Low choice heifers to 29 good 28 to medium 2625 to Good cows to medium to canners and cutters 17 to There were insufficient re placement cattle on offer to es tablish a reliable Stock calves sold qual ity Good stock steer calves to good slock heifrr calves 31 to Good butcherweight calves 31 to Hogs base price 20 30 to currently UNCOVER PLOT AP Po lice said Sunday they had un cmcred a plot to blow up the Nebraska state the city police station and a Brunswick Corp Nine young people taken into but no charges have been officers By ED SIMON Canadian Press Staff Writer Canadian cities are finding it increasingly expensive to do a snow A seemingly endless succes sion of whiter storms has kept the saltspread ers and loaders on the easing the pressure on rush hour traffic and increasing it on municipal reeling from the worst winter in living has borrowed million from next years budget to meet a snowclearing bill which Mayor Jean Drapeau says is approach ing the million In Quebec one of the few cities that imposes a tax based on citizens will pay per land evaluation this year compared with last years rate of 93 The city has spent million to clear its 167 miles of an in crease of over original DOWN FROM MOUNTAINS Even in where snow is usually something to be peeiid at on a distant mountain top the city spent on digging itself out this compared with last years bill of It was a fiveyear although the record of was set in Metropolitan Toronto has salted and shovelled million worth of 12 per cent more than last winters crop which city officials described as aver Like most To ronto has no special tax to rover Hie added expense but ratepayers will feel the pinch in a few weeks when the city and its adjacent boroughs set their 1971 mill where last winters Toronto industrials Supplied by Richardson Securities of Canada LAST BID OR SALE Quotes Quoin Quotes MINES snowclearing cost of mil lion compared with an average of million for the last four added another million to cope with this years The Halifax works depart which got away with a bill last has shelled out and esti mates the figure may rise to before the tulips DUMPED IN HARBOR The department figures 40 per cent of its expenditure goes for salting and sanding its hilly streets and the remainder for plowing and Much of the snow from the narrow down town streets is dumped into tha where low temper atures in November and De cember prevented the early snow from has spent million on snow removal and another on sanding and Last years compa rable figures were and Reginas costs were to March compared with for the full winter of The Saskatchewan gov ernment helped out by budget ing a grant for snow Metropolitan which keeps its figures by the calen dar reported that its cost of snow clearing and ice control since 1 was Acme Advocate Akaitcho Area Mines Black Bay Bralorne Broulan Bethlehem Brunswick Canada cassiar Central Pat Chimo Conwest Cons Rambler Coin Lake Cochenour Craigmont Denison Mines Deer Horn DEldona Dome Mines Donalda Discovery Mines East Malarlk East Sullivan Falconbridgi Frobex First Maiiimes Giant V Bovis Granduc Hollinger Hydra Ir y OS 30 175 I I 2 40 2SVl 1600 535 I 241 I 300 I 225 980 285 07 6550 KVb 107 1 10 365 14200 1 10 34 87A Dom Textile 9 oo Dom Stores 11 62Va Dome Pete 29 Dofasco Famous Player Ford of Amr Gt Cdn S GM Gt Lakes Paper Gulf Oil Cda 22 55 11 1550 10 fi7Vl B675 2450 S2li 40 00 8375 1875 21 50 Ids Gordon Mller Canada Mines zo 25 0 247 1 82 610 1 90 3 65 1 22 Greyhound Lines Hawker Sid Huron and Erie Hirma Malker Imp Oil Imp Tobacco Nickel inf Pipe Group A Utilities mdust Accept Laurentide Kelly Douglas Lceb Loblaw A Met Stores 2000 37 50 2000 1750 AS U5 2675 B50 I 17 37V4 787A i 550 390 5 122 3BCO Massey Ferguson McMillan Bloedell 25 37W INDUSTRIALS Abltibi Alcan J Algoma Steel 1012A Atco Ind juebec Silver R c McNeely Mogul hcne 215 750 905 41 3550 310 1 63 1125 npcrial Atlantic Sugar Bell Tel Brazil Trac BC TGI Burns B Forest B Sugar CAE IntJ Cdn Brew Chemcell Col Cellulose Calgary Power Coronation Credit CWN Gas Pfd Cdn Indust Cdn S S Cdn Marcont Cdn Vlckers Chrysler CPR Commco Cons Bath Cons Gas Dom Bridge Domtar More Corp Molsons A Molsons B N and C pemblna Power Corp Price Co Rothmans Shell CDA Simpsons Simpsons Sears Steel of Cdn Selkirk A Texaco Tr Group A Tr Mtn Pipe Tr Cdn Pipe Union Gas Union Oil Versatile Mfg Westeel Union Carbide Westons B Zenith Elec BANKS Cdn Imperial Montreal N S Royal TorontoDom 3575 1625 IfiQO 16 50 2800 4BS 1250 1900 2300 27 00 11 00 3075 n so 2450 3ZJT4 IS 37V4 4200 350 950 1525 down about from compa rable 1970 But its total 1970 expenses were about over the million aver drama selected New York stocks WASHINGTON CP AP The chief environment official of the administration has urged a delay in granting per mits to build an oil pipeline across Alaska until a thorough study can be made of an alter native route through ad ministrator of the enuronmen tal protection sent a let ter to lie interior department warning that an Alaska mueiie may leave environmental deg radation and in urging fur ther study before am decision is said tile interior de partment ignored some possible pollution risks in the report it issued last Jan Ruckelshaus told Interior Sec retary Rogers C Morton in the letter made public Sunday It is recommended that the ac tion as currently proposed not be consummated by the depart ment of the interior until fur study has been The alternate route from Uaskas North Slope through the Mackenzie Valley would avoid a transAlaska route and he general adverse effects of Hie tanker traffic between the oort of Valdez and the West Ruckelshaus The pipelines route would go east from Prudhoe Bay on the North Slope along the shore of the Beaufort Sea to the delta of the Mackenzie up the Mackenzie across the Prairie provinces and thence to Chicago and to SAYS STATEMENT ERRS Ruckelshaus was critical of the interior departments state ment for not covering such pos sibilities a s accidental spills from the huge tankers that would take on oil at the end of the transAlaska He said the interior depart ment had given little attention to the damage that might result from loading oil on a huge tanker fleet at Valdez and transporting it through Prince William the Gulf of Alaska and down the coast to the Strait of He said that these are hazard ous waters and at least there should be discussion of what measures will be taken to main tain hazards within acceptable Ruckelshaus also criticized the interior department for giv ing only cursory considera tion to the Mackenzie Valley emphasizing mainly the disadvantages and neglecting a number of important potential The he in clude avoidance of Alaskas earthquake elimination o f the tanker fleet and loading op and an opportunity to put the oil pipeline in a single corridor with natural gas pipe lines that are likely to cross Canada The transAlaska route Is being sought by the Alyeska Construction a lonsoruum Imerior Setietary Morton al several months at the The oil companies had hoped to begin construction this Large quantities of inch pipe that thry from Japan are stacked up in ma sembled instruct delta ard along us tuait on the Beaufort Sea It would seem preieirhle he from the of view of minimizing th emiroii mental to uia single route for mure than p rather pipeline nenta to UMa single are stacked mite for mure than ysidez and loadbuildin tlias ing multiple been assc ipeline souln tle yvlkon to coi Canadiin olficials a 1 r e a d have broached an alternate C nadian pipeline with offi cials in Washington Northern Development Minis ter Jean Chretien said in 01 3 i a service road from the Yukon to Prudhoe There also the question of The estimated cost of tha transAlaska route is something over million while the er ean reen sai n over tawa Friday he plans to meet cost of an oil pipeline tne the presidents of the com1 miles from Prudhoe Bay nanies involved in Alyeska to to where it would link discuss the alternate route up with the existing pipeline Chretien said the meeting would be to discuss guides under which Canadian produ cers wculd have ccess to uch a pipeline and Canadian busi ness would take a maximum part in construction and devel opment of the would be more than The interior Ruckekhaus should un dertake a full and complete con sideration of the alterna particularly the trans Canada Nofault auto insurance plan cuts court cases WASHINGTON AP The Nixon administration will give its backing this week to a no fault auto insurance plan which would eventually elimi nate auto accident court cases and provide payment for all ac cident victims no matter who was to Quoting informed sources in the The Star says Transportation Secretary John Volpe will describe the plan in an appearance before Congress The nofault insurance sys its backers woiks be cause the adversary system in herent in the current inurance system is Injuries am damages now are sometimes especially if the case goes to a courtroom The idea is already being tried in where accident victims automaticallj receive the first of damage claim regardless o At higher tha ssue can go to Legislation already introduced n the Senate calls for a sayment limit paid over 30 nonths regardless of After the bill introduced y Senator Phillip Hart lich and Senator Warren tagnuson would illow the to go to Volpes would o beyond that to eventually provide no Uius virtually mding all auto accident court the paper Dollar value MONTREAL CP do lar in terms of Canadian fund up 116 to Poun sterling up to NEW YORK CP Cana dian dollar down 332 at 93 133 in terms of Poun sterling down 164 at 616 Men snakes 4 AP The score snakes snared and four men bitten by the vicious rattlers as the 13th annual Sweetwater rattlesnake roundup ended The snakes weighed pounds and two San Angelo men won a contest by catching reptits weighing a total of 678 The biggest one 69 inches 30 DROWN Cameroon AP About 30 persons were drowned Saturday when a boat capsized in a river about 10 miles from Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Supplied by Securities of Canadt 212 MontQornery Ward MM 7050 td on of Texas Gulf Texas Co is w oils up woo HI Volume 3755 NEW YORK AVERAGES British firms planning sale of guided missile system NORTH CP The best play award in the Saskatchewan regional presentations of the Dominion Drama Festival went to a pair of oneact comedies by English playwright Peter Liars and Black Cameron Mclntosh of North who celebrates his 100th birthday in present ed the Mclntosh trophy to di rector Ian Nelson of the Saska toon Gateway Players for their entry in tire fiveday Nelson also was presented the best director award for the plays and Don Glossop of the Gateway Players won the award for best characterization by an Marueen also of Sas won the best actress award and Brian Ollara of the Swift Current Little Theatre was named best actor for his performance in the Richard Nash play The best supporting actress award went to Eileen MacKcn of Saskatoon and the best LONDON AP A group of British firms today was re ported working on plans to sell South Africa a complete guided missile defence system worth many millions of British officials said they un derstood the discussions be tween the British consortium and the South Africans still are in the tentative state and that no contiact is yet in The foreign office declined to comment on the report beyond saying the British government lias had no firm orders for new weapons to be sold to South Af rica except for South Africas declared intention of buying seven Wasp helicopters from Qualified informants said the consortium is being led by the British Aircraft and in cludes big companies like the Plessey and the General Elec tric LICENCE STILL NEEDED Informants emphasized that British firms often initiate talks with foreign governments on sales projects for arms before ever going to the government for permission to fulfil the con Export licences are is Hog prices EDMONTON CP Prices to 11 today provided by the Alberta Hog Producers Marketing Board EdmontonQuoted to selling average Fri day 20 Calgary Quoted 2030 to 21 selling average Fri day Red Deer Quoted to selling average Fri day 20 Lelhbridge No Aver age Friday Lloydminster No Grande Prairie No Total hogs sold to 11 01 illlu Uni OVIM supporting actor award went to Average Friday Ron Toles of Swift I Sows average Uniroyal report shows deficit NEW YORK AP Uniroyal reported today a 48 decline in 1970 earnings to million or 73 cents a share from 6 million or a share in Sales for 1970 showed a slight improvement over increas ing to million from the company said in its annual Chairman George Vila at tributed the drop in earnings to the general softness in the econ omy and most importantly ti the automotive strike at Gen eral He Uia the cutlcok for 1971 and be yond is encouraging due t signs that the economy is gath ering momentum and automo bile sales are sued by the British government nly when weapons or strategic materials actually are ready for Prime Minister Heaths gov in the teeth of Com monwealth has pro laimed its intention of resum ing the sale of maritime defen re arms to South end ing a sixyearold embargo on military supplies recommended y the United Nations because if South Africas racial It is not yet clear whether the projected sale of a missile de ence system could be classed is a maritime defensive instal The Labor party has vowed that it will cancel any arms contracts between Britain and South Africa if it returns to power and this would include any orders that may be in the T6 x 66 1 20 x 66 1 24 x 66 1 Tabletop Grade 4 x 8 x sheets TANKER EXPLODES Denmark AP A workman killed and nine taken to hospital with burns and shock Monday after an explo sion aboard the almostcom pleted Texaco Nor way at the Lmdoe Shipyards near police They said the explosion occurred in a The Texas Oil tanker was to have been christened next PREF1NISHED V6ROOVE SHORT OF CASH CHARGE IT CRESTLINE BUILDERS MARKET UtHMIDGES INDWiNDENT WILDING SUPPIY HUDQUMTBB 123 30th Phone 3275444 or 32751 TO ;