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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 18, 1971, Lethbridge, Alberta quotations Vancouver Calaarv Montreal tax 1 wmte paper options icii open LAST BID OR SUb moo agouii emu weeks of ceived in his heavily lifemed by ihose to ri denials and Harificitioru iwer nanor harl been shown oerts who were the chief arcniiand a of capita Rains Market at midE TORONTO CP The Toronto stock market climbed moderately in active midmorning trading On industrials were up to golds to base metals to and western oils to Volume by 11 was compared with million at the same time Gains outnumbered losses 156 to 90 with 180 issues National Trust was up Vt to United Funds Management 1 to Canada Cement Lafarge 3i to Murphy K to Bell to Pine Point 1 to and Mattagami to Bethlehem rose to Sberritt to Bankeno 15 cents to Ranger to and Canadian Superior Oil Vs to Pennington lost Vt to Opemiska U to Hudson Bay Mining Vt to and Great Plains Vt to PRICES UP MONTREAL CP Prices were up in all sectors today in light trading on the Montreal stock On utilities rose to industrials to banks to composite to 18 and paper to By 11 shares were Highlighting F r a s e norning was up to to Velcro Industries to Murphy Oil to Ivaco to International Utilities to TransCanada Pipeline to and Trans Mountain Pipe Line to Reitman was off to Consumer Glass to Maritime Telephone Vi to Weston to 519Kand Great West Me Vt to HIGHER NEW YORK AP Stock market prices drifted higher early this afternoon as the recent selling wave began to Advances outnumbered declines on the New York Stock Exchange by more than 7 to The Dow Jones average of 30 industrials at noon was up at mail rubber issues and steels were metals and chemicals were generally while aircrafts and oils were Among CanadiansonUie Mclntyre Porcupine fell 2 to while down were Alcan at and Distillers Seagrams at Dome Mines gained to up were Canadian Pacific at and Granby Mining at and Genstar was Vt higher at On the Molybdenite Canada was off Vt at OILS Hugh Russell 2087Vi Coll Mutual 441 7 W Alta Eist Gas 50 Husky Oil 17O14 Comm Inltr 15 Aim nex tM Husky Oil B 45 2S Comm Levtr 335 367 Asamera Husky oil war Corp nvest 5SJ 6W BP Oil Gas 635 Inw Prov 1275 Corp III i M Can Soulh 535 Intl Util Pfd A MM U M M 1376 Cdn Ex Gai Inter steel pr Ashland Jeflersm Lake fr Star M 3 43 3 77 Cdn Homestd 830 Joulel iS ill Cdn Home Pld 1500 Kaiser Rei Accum Cdn Ind Gas Oil 1U714 Kam Kolla JM Jr 529 63 Long L Ont Port Cem 5 Cdn Super WGF Menage N w Growlh 5J3 S 97 Cen Del Rio Mentor Prln Growth J SO Atl Charter 625 Newconex RoyfUntj 551 Chieftain Pacific Pete 31 00 Un Accum 4 63 Dome Rank Org unlv Savings 727 Dynamic Pete 109 SeiK Hold 1200 Tern Growth Total Pete 700 Shell Canada VANCOUVER Gt Plains 34 25 Shell Inv Pfd 3450 Aruik Lochlel 1 33 Shell Inv Wts MInlng Mill City Sicks Rainier 3 Explor 54 New Cont 75 Teledyne 575 Beth Copper 1437A North Cdn Oil West Cdn Seed 390 Block Brothers 450 Humac White Yuk Brenda 665 Permo CALGARY B C Sugar 17 75 Petrol 1 32 Acrolt B Sugar pfd 15 50 Pinnacle 75 Ana Pete cap Inter 6 12A Place Gaa 1 33 Barons 01 Church Copper 1 41 Ponder 58 North Cont 02 Col Cellulose 6 00 Ranger 14 00 Plains Pete Cor Credit l 50 Scurry Rain 2625 West Warner CresT Forest Ind 7 CO Spooner i 73 Madison Croyden 23 Decalta 625 Rexdale Dolly Varden 16 MISCELLANEOUS PIPE LINE STOCKS ForTVeliance S INDUSTRIALS Alta Gas Tr A Giant Mascot Agra 825 Alta Gas Tr Pld 7400 Granisle 1150 Atco Ind 7 75 Alta Nat Gas 25 00 Key Industries 25 Aquataine 24 Cdn West Nat Gas Growers B 350 Brit Nfld 525 In Hat Gas 1300 Bathurst i u Cdn Brew A 3150 North and Cent 166713 Hys 2 CO Cdn Brew B 3700 Nor and Cent B 3175 Interior Brew 485 Cdn Hyrdo Car 1750 Pac Gas Trans 1550 Jericho li3 Cdn Pacific Inv 5575 Gaz Metro Kam Copper CPR Pfd 9 as etro A 63 50 Lornex 9 CO Crowsnest Ind 28 00 Trans Can p Lytlon Mln 2 25 Cygnus A 535 Trans Can p pfd New Cronin 08 Cygnus B Trans Can P A 00 New Mines 146 i Wir M si Horn B AGF SpK 275 Texmont Horne Pltlld 7K All Can Com 8 66 Trojan 8 norne Hirtld 205 All Can Dlvl 903 West Mines 385 u2 a SS A Can Vent 358 391 Wesl Resources K ss crmvr ss ts BIS 3 Toronto industrials Supplied by Richardson Securities of Canada LAST BID OR SALE Quotes Quorn Quolei MINES Northgate 1000 Dome Pete SB 00 Acme 05 Opemiska Dofasco 3500 sss s ns iio ss jss Black Bay OiVi 113 Gr Lakes Paoer 1 00 Quebec r JlSvi tsSem uirviffir arSd cSfruna S KMdV11 1 s iwr i js a go Coin Lake jek 6 25 27 J5 Ccchenour Texmont JJS Craigmont 895 Upper Canada Dickenson Mines 1 40 Western Mines baSren VI 8 00 Denison Mines 27 50 Wright 1 20 5 50 Deer Horn Wlllroy 1 11 1Qeb DEldona Windfall 12 Loblaw A 5 Dome Mines 67 50 Yellowknlfe Br Metropolitan 37 00 Donaida Zenmac o Massev lloo Discovery Mines McMillan 2600 East Malartlc INDUSTRIALS Moore Corp 3600 East Sullivan 370 Abitlbl 7 Molsons A1 1675 Falconbridge 14600 Alcan 5400 Molsons B 1650 Frobex Algoma Stee 1600 North and Cent First Maritime Atco Ind 750 Pembina Pipe 30 J5 Giant Y 10 62Vi Atlantic Sugar 7 Power 5 00 Bovis 2 25 75 price Co Granduc 7 95 Brazilian 17 00 Rolhmans 13 00 Headway 1000 B 6400 Lawrence 1900 Holllnger 3850 Burns 1200 Shell CDA 337i Hudson Bay AAS 2375 2 Simpsons 1925 Bc Simpsons Stars 2400 Highland Bell 3 25 CAE j 60 steel ot 27 75 ron Bay 360 cdn Brewer 7 62A Selkirk A 1200 JrJiet Quebec 20 chemC5 490 Texaco 91 Co1 Cellu 0e s K Traders Group 11 SvAnaran 37 Power 750 24 Labrador 37 50 Coronation 1 50 Trans Can Pipe 32 87i2 3ffl N Union Gas 1550 Lake Shore cdn M Union a Knots Sllvr 11 s s 3200 Versatile Mfg 350 Madsen R L 77 cdn 350 Westccl 1050 MaiarticGF 82 n Vlciers 1050 Union Carbide 1575 Martin McNeely 1000 Chrysler 2900 Westons B 1975 Maybrim 17Vj Woodwards 2050 Maclnlyre 13250 Comlnco 2375 Seed 390 Mela 14 Bathurst 9 Zenith 135 Mldrim Cons Gas BANKS Intern Mogul Seagrams 5400 Imperial 2175 New Athona 15 Bridge 2250 Montreal 15 371 2 New Calumet 25 Domfar 1450 Nova Scotia 2462i3 New Imperial 145 Texti e Royal 2525 Noranda stores 22 New York stocks Supplied by Securities ol Canadt NEW YORK STOCKS Kenn Copper 38 20 ind 1M29 up 79 Amr T and T 4900 Mont Ward 35 37j 20 golds up 54 Anaconda 21 87Vi Sears 85 CO 10 base met up 35 Bth Steel Std Oil of N 7750 15 west oil 21029 up 116 Chrysler 2800 Texas GUI Volume Comsat 7075 Texas Co NEW YORK AVERAGES Dupont 14250 Woolworth 5325 30 Ind 91662 up 260 Gen Motors 84 37W West Elec 82 25 20 rails 203 30 up Gulf Steel 3325 15 utilities 12465 up 83 Int Harvester 30 6212 TORONTO AVERAGES 65 stocks up Finance Minister Edgar Benson sid about tax reform at his Kingston has served to remind the gtaeral public that the debate over tax reform is far from The issues havent really changed much and the question still remains should improve and update the present tax system as many leading tax commentators or should we scrap the present structure and replace it with a new as the Carter Report and the government white paper favored Bensons observations of last to the effect that white paper will never be legislated were greeted with enthusiasm that is far All he really as he later was that the plan as originally have its defects and errors that the government had been influenced by the torrent of public and professional as well as the Senate and the House of Commons re In his clarification he made it clear that the 1 government still intends to introduce a tax reform bill next month and that the plan presented would reflect the governments original plan as modified by the ideas put forward in the year and a half of public or not the battle over t a x reform is or is just remains to be It will depend on how well and how clearly the government has understood the mood of Canadian As all commentators have the public debate has been an excellent and important step in the development of open government and participatory Never before in Canadas history has the public been given the opportunity to argue in advance the shape our tax system should take and the course we should set for perhaps ths next quarter For Benson and the government deserve the respect of all thats not quite The quality and the work of this in its will be evaluated by how it responds to the publics and to what extent it has learned from the for the tax system is much more than a technical set of rules for raising revenue it pervades all aspects of our lives and influences the destiny of the whole It may well as Stanfield has that the governments final tax plan will be an election issue in But whether or not it is an issue that can help or injure the government is yet to be If the government fails to make major alternations in its original the opposition may be handed its If the appropriate both in theory equally in are evident in the final then the government will emerge with the proof that it is a government which actually listens to people and is serious about participa lory Much will depend on whether or not the government is of the white If 1 the war of words continue in a the emmem cannot except per haps in the short run on the other Mr Benson is guided by the ucu that Candda is a peculiar and underdeveloped country and requires a flexible and unorthodox tax system that if cannot operate with textbook precision and academic in its tax then the changes he would necessarily make 10 the would likely accommodate those were j its most severe If the gmernmem has been listening it will have learned nianv important things Canadians approve the idea of tax relief for low income greater fairness in the tax treatment of emphned as opposed to selfemployed special tax improvement for working mothers and the host of other socially desirable changes originally all of which could be accomplished by correcting the present But Canadians do not want continual increases in government regular increases in tax the introducton of new esiate taxes which force people to sell their farms and tax rates which impair the which makes risk capital even more scarce than at Nor do they want rules which make ii impossible 10 begin and maintain new which do no take into account the differences in how mory is and which fail to take into account the regional economic differences in Much has been learned durng the debate and we have been influenced by being forced io face certain In the brief period sinca the white paper Canada has seen the extremes of rampant inflation and massiv unemployment We are finally realiing that solving regional economic as well as the problem of must be a national if we are to hold as one nation in harmony with all its component All Canadians of goodwill must hope that this country will not be torn again by the divisivcness or the heat of the last tax debate and that toward that Benson will adopt a more moderate and less doctrinaire approach to tax reform than was seen in the original white paper Asper is a Winnipeg lawyer market EDMONTON CP Weekly egg and poultry report issued by the Canada department of agricultureEggs To producers A large 39 A medium 35 A small 21 B 19 C 6 Cracks To retailers A large 5051 A medium 4748 A small 3233 B 3235 C 2021 cracks To consumers in A large 5253 A medium 4950 A small Poultry To producers Live 1 chicken 20 under under 12 to 26V4 over Live 2 chicken under 12 12 to 23K over pri Winnipeg revieiv two wheat for export to countries outside 1 Nor 5 2 3 4 iTHi 1 Durum 2 3 4 1 IGA prices 1 Nor 5a 2 3 4 1 Durum 2 3 4 Grain quotes Wednesday basis High Low Close Flax May 256 253i 254 Jly 2554 2531i 253U Oct 258 256 256 Nov 25512 254S 2543i Rapeseed Vancoutcr Mar 315 31Kt May 29614 29314 2933i Jly 2S8 28531 285s i Sep 2761i 276i Rapeseed Thunder Bay Apr 294Vi 232 294 Jun 2907s Oct 270a 2703s 2703i Dec 261 Oats May 85as i 853a Jly lffis Oct Dec 85 Barley May 1301s Jly 1297a tot 12214 Dec Rye May 114s 114 Jly 108i lOSs 10838 Oct 107Ti Dec 110 prices EDMONTON CP Prices to 11 provided by the Alberta hog producers marketing board Edmonton quoted to selling Average Wednesday Red Deer quoted and selling Average Wednesday Calgary quoted to selling Average Wednesday Lethbridge no Average Wednesday Lloydminster no Average Wednesday Total hogs sold to 11 a Sows selling Total hogs sold Wednesday average exporter activity contributed to the weaker trend in oilseeds at midsession on the Winnipeg Grain Exchange Flax and Vancouver rapeseed prices moved only fractionally but the Thunder Bay rapeseed was up to four cents below previous close Oats and barley were mostly inactive while a small volume of domestic shipper buying had nearby rye futures fractionally Wednesdays volume of trade was bushels of of rye and of Midsession Flax May unchanged 2 July Vt lower 2 Oct lilngher higher Rapeseed Vancouver March unchanged May Vi lower July s lower 2851s unchanged 2 Rapeseed Thunder Bay April 41 lower June 1 lower not Oats May unchanged Oct not Barley May i higher 1 not Rye May Is higher July higher Oct not Prices Wednesday for Livestoci Lethbridge Livestock Supplied by Canada Department of Agriculture On offer to 11 110 Receipts mostly slaugher steers and cattle market Good and choice butcher steers ireeting ood prices steady at he weeks Good and choice butcher heifers also meeting good demand at strong Cows steady with odd heifery kinds to Sulls 50 cents Medium and good heavy feeder steers selling at steady Choice steers to good to medium to 30 choice heifers 29 to good to 29 medium 27 to Good cows 20 to 21 medium 18 to canners and cutters 15 to Good hulls 24 to Good heavy feeder steers over 950 31 to medium 28 to Butcher hogs sold Wednesday Lethbridge to base report Calgary Livestock CALGARY CP Receipts to 11 875 mostly good and choice butcher The balance of slaughter cattle were mainly mixed grades of heifers and Trade was active with a good local and inprovince Slaughter steers and heifers sold cows were fully steady with heavier kinds to Bulls sold fully Choice steers to good to medium to Choice heifers to good 28 to rcedium to Good cows to medium to canners and cutters 18 to Good bulls 24 to Replacement cattle were practically all fleshy shortkeep steers selling at genenerally steady There were insufficient stock or slaughter calves on offer to establish a Good feeder steers 750 pounds up 30 to good stock and feeder cows 19 to Hogs base price futures WINNIPEG CP The live beef futures market had light trading today in nearby Open High Low dose Mar May Jly By THE CANADIAN PRESS Cassiar Asbestos common 15 April record March Dominion Textile common 15 7percent both April record March Du Pont Canada common 121i April record April Hawker Siddeley Canada for the quarter ended for the quarter ended 1970 and for the quarter ended April all March record March Payment of Uie quarterly dividends had been in arrears up to seven quarters and current dividends will not be paid until arrears are up to Union Acceptance 6Wpercent 1st series 78 1st series 78 6percent 1st series 75 cents all May record April futures WINNIPEG CP The potato futures market had light trading in the May with some bids and but no in Open High Low Close Apr 234N May 2 90 NOT C x t Ioccssina ana 1003 4th Avenue Lethbridge Telephone COMPUTER ACCOUNTING AND MANAGEMENT Data Processing Services 507 CANADA TRUST BUILDING TELEPHONE Value MONTREAL CP dollar in terms of Canadian funds up 332 at Pound sterling up 316 at urg to spend mon NEW YORK CP Premier Robert Bourassa of Quebec has urged New York bankers to put more of their money in his province he the p olitical climate has been winding up a twoday visit to New told businessmen at a bankers ley in Quebec Wednesday night the Quebec government is better prepared to deal with which has chased away The strength and firmness of the government in dealing with terrorists following the two political kidnappings last October are considered here as a positive Bourassa It is difficult to say there will be no more terrorist acts in Quebec but I would say the government now is better prepared to face such a The situation is clearly under Bourasa addresed Uie dinner sponsored by the Quebec General Council of Industry after a whirlwind day of meetings with business leaders and a news where he predicted that unemployment in Quebec will drop to about five per cent before the end of 1971 from the present nine per cent Bourassa also attended the openingo f the Quebec exhibit at Uie fourth annual Conference of Institutional bringing together more than investmenta nd financial executives said to controla ssets in exces of The Quebec leader disclosed at the dinner that during the next few weeks his government will introduce several new incentive plans to attract YORK CP Canadian dollar down 364 at 99 1332 in terms of Pound sterling down 364 at FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK Consign to PECTORE EUTTE AUCTION MART Ideally located in the centre of large cattle feeding and hog raising area iik f March 20th aTTpk 400 HEAD 400 ALL CLASSES OF CATTLE HIGHLIGHTED BY J 60 KOLSTEIN FEEDER STEERS 800 to Ibs from one owner 60 HEREFORD CALVES 500 Ibs 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 7324100 or 7324468 Picture SALE YARDS WASHED IK DRAIN ROCK Can Used in Concrete 600 YARDS AGGREGATE 800 YARDS Vt AGGREGATE This is all washed material and can be used in driveways and Musi Sell by April 1971 PRICE Will sell al pit or can also arrange for This is in the tethbridge and Coalhurst For Information Call TOM HALLIDAY at 3271443 or GIL DEIURME at TABER SCHOOL DIVISION 6 Requires A SUPERINTENDENT OF SCHOOLS POSITION An Executive Officer of the Board to carry out policies of the QUALIFICATIONS Applicants must have the following minimum qualifications a a valid Alberta Teaching Certificate b five years teaching experience in Alberta or in a school system of equivalent c a degree from a University in Alberta or from a university of equivalent d have pursued one years graduate study in a field acceptable to the Minister either at a University in Alberta or at1 a university of equivalent SALARY To be determined considering qualifications and COMMENCEMENT DATE To be but approximately June Closing date for application April Applications should include a complete resume of training and and salary and forwarded to SUPERINTENDENT SELECTION COMMITTEE TAPER SCHOOL DIVISION 6 Box 1239 you with INTEGRITY STABILITY EXPERIENCE For over 60 years We write all kinds of INSURANCE HOMEBUSINESSFARMAUTOand LIFE and can save you MONEY SEE US COMMUNITY COLLEGE invilei applications for the position of Acting Director of Personnel SCOPE from tho date of appointment for of po icies and maintaining employee records for faculty and communicating and other personnel EDUCATION AND EXPERIENCE Preference will be given to applicants with a degree in business administration or five to eight years experience in personnel work in public or private EXPECTED APPOINTMEN TDATE On or before Moy SALARY Commensurate with qualifications and APPLICATIONS should apply for the standard Application far Employment form to DIRECTOR OF PERSONNEL LETHBRIDGE COMMUNITY COLLEGE ALBERTA CLOSING DATE March continuous family enterprise for over 60 years 706 3rd Lethbridge Phone ;