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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - March 19, 1971, Lethbridge, Alberta Friday, March 19, 1971 - THI UTHMIDOI HIRAID - 23 III SIMiSS Stronger trend continues today TORONTO (CP) - Prices on the Toronto stock market were up fractionally in active mid-morning trading today. On index, industrials rose .34 to 184.26 and western oils .65 to 210.16, Golds lost .28 to 189.44 and base metals .37 to 96.55. Volume by 11 a.m. was 715,000 shares, down from 744,000 at the same time Thursday. Gains outnumbered losses 140 to 96 with 205 issues unchanged. Strongest sectors were oil refining and steels. Twelve of the exchange's 17 sub-groups were higher. Among advancing stocks, Al-goma Steel was up .% to $15%, Kelsey-Hayes % to $8%, Falcon-bridge Vt to $146%, Hudson's Bay Oil and Gas % to $44, Home A % to $26% and Nor-anda Vi to $35. Sherritt climbed % to $20%, Madeline 10 cents to $9.70, Chemaloy 10 cents to $2.33, BP Oil and Gas 15 cents to $6.50, Total Pete 10 cents to $7.10 and Alminex five cents to $6.25. Chrysler lost % to $28%, Bethlehem % to $16%, Northgate 10 cents to $9.70, Canadian Export Gas 15 cents to $4.60 and Pan Ocean % to $16%. PAPERS LAG MONTREAL (CP) - Papers lagged behind as prices went up in all other sectors in light trading on the Montreal stock market today. On index, industrials were up .20 to 185.21, utilities .05 to 156.10, banks .69 to 194.25, composite .22 to 181.15. Papers dropped .61 to 88.11. By 11:30 a.m., 461,100 shares were traded. Highlighting gains, Royal Trust gained % to $33%, Acres Ltd. % to $9%, Hudson's Bay Oil % to $44, Noranda % to $35, Intorprovincial Pipe Line Vi to $28, Royal Bank Vt to $25%, QSP Ltd. Vi to $14% and Imperial Oil Vi to $20%. Among declining issues, Jamaica Public Service dropped JOINS BENY'S SALES STAFF DONAT (Den) DEMERS B�ny Chevrolet Oldsmobile wish to announce the recent addition to their sales staff of Don Demers. Don is a native on of lethbridge-born, raised, arid educated here. He recently spent four years in the retail sales .field ' In Calgary. A married man with 2 children, Don is a member of the ACT, Legion, and an ardent golfer. He welcomes his many friends and acquaintances to see him at Beny's for their motoring needs. He.will be very pleased to assist them. *** $1 to $26, Seagram's % to $53%, Consolidated Bathurst % to $9%, Rio Algom 1/4 to $19%, Consolidated Textiles Vt to $15%, Canada Steamship Lines V* to $32 and CPR Vt to $16%. STRONGER TREND NEW YORK (AP) - Stock market prices remained slightly lower early this afternoon in what brokers described as a relatively lacklustre session. Trading was moderate. The Dow Jones average of 30 industrials at noon was off 0.83 at 916.00. Among Canadians on the NYSE, Canadian Pacific was ahead % at $67 and Dome Mines gained Vt to $68%. Mc-Intyre Porcupine was down 1 at $137 and Massey-Ferguson was off Vt at $11%. Hog producers wire Trudeau EDMONTON' (CP) - A conference of hog producer organizations from Alberta, Saskatchewan and Manitoba will be held next week in Saskatoon to discuss proposed federal legislation on the marketing of agricultural products. Sten Berg, chairman of the Alberta hog producers marketing board, said a preliminary poll indicates a strong majority of opinion to have hogs and pork exempted from the federal legislation which now is receiving clause - by - clause study in the Commons. The Alberta board, in a telegram to Prime Minister Trudeau Wednesday, asked that he use his influence to stop the movement of the bill in the Commons until a "reliable consensus is obtained by hog producers in western Canada and thus prevent further deterioration in Canadian unity." Hog prices EDMONTON (CP) - Prices to 11 a.m. provided by the Alberta hog producers marketing board: Edmonton: no sales. Thursday average 19.57. Red Deer: no sales. Thursday average 19.69. Calgary: no sales. Thursday average 19.88. Lethbridge: no sales. Thursday average 19.85. Lloydminster: no sales. Thursday average 19.08. Total hogs sold Thursday 7,418. Provincial average 19.63. Sows at all points 13.46. Dollar Value MONTREAL (CP)- U.S. dollar in terms of Canadian funds was up Va at $1.00%. Pound sterling was up % at $2.43%. NEW YORK (CP) - Canadian dollar down 7-64 at 99V4 in terms of U.S. funds. Pound sterling down 1-64 at $2.41 29-32. SIMPSONS-SEARS CORRECTION On Page 4A of our Great Spring Sale Section which appeared in the Wed., March 17, Lethbridge Herald, the KENMORE POWERMATE VACUUM CLEANER Which Was Advertised As 84.99 Should Have Been 124" The price of 84.99 refers only to the vacuum cleaner without the Powermate Attachment. We Regret Any Inconvenience Caused To Our Customers Grain prices Winnipeg Grain WINNIPEG (CP) - Trading was fairly active in oilseeds at mid-session on the Winnipeg Grain Exchange today. Prices were generally fine to stronger in the nearby futures but weaker in others on some exporter buying and thin hedge offerings. Exporter shortcoverings p u r h e d the March Vancouver five cents above previous close levels. Oats and barley had a light domestic shipper buying for eastern feeders. Rye was steady to fractionally stronger on good exporter buying. Overnight confirmation was received of the sale of 240,000 bushels of rye to Norway. Thursday's volume of trade was 376,000 bushels of flax, 1,593,000 of rapeseed and 363,000 of rye. Mid-session prices: Flax: May Vt higher 2.54%, July % lower 2.53V4B, Oct. unchanged 2.56, Nov. % lower 2.54%. Rapeseed Vancouver: March 5 higher 3.25A, May % higher 2.98%, July 1 higher 2.90%A, Sept. 1% lower 2.77%B. Rapeseed Thunder Bay: April 1% higher 2.98%A, June % higher 2.98%B, Oct. 4% lower 2.77%A, Dec. % lower 2.65%A. Oats: May unchanged 85%, July % lower 84A, Oct. unchanged 85%, Dec. not open. Barley: May Vi higher 1.31%, July not open, Oct. unchanged 1.22%, Dec. unchanged 1.22%A. Rye: May unchanged 1.14%, July % higher 1.09%B, Oct. % higher 1.08%, Dec. unchanged 1.10. Rye: May % higher 1.14%; July % higher 1.09; Oct. % higher 1.08%; Dec. unchanged 1.10A. Prices for class' two wheat for export to countries outside IGA: 1 Nor 1.80%; 2 1.78%; 3 1.74%; 4 1.71%; 1 Durum 1.79 %; 2 1.76%; 3 1.67%; 4 1.62%; IGA prices: 1 Nor 1.80%; 2 1.78%; 3 1.74%; 4 1.71%; 1 Durum 1.79%; 2 1.76%; 3 1.67%; 4 1.62%. WINNIPEG (CP) - Grain quotes Thursday (basis Lake-head): High Low Close Flax May 254% 254 254% Jly 253% 253 253% Oct 256% 256 256 Nov 255% 255 255% Rapeseed Vancouver Mar 320 315% 320 May 297% 292% 297% Jly 290 285 289% Sep 279 276% 279 Rapeseed Thunder Bay Apr 297 293 297 Jun 294 285% 294 Oct 282 269% 282 Dec 266 261 266 Oats May Jly Oct Dec 85% 84% 85% 85 131 129% 122% 122% Barley May 131% 131 Oct Dec Rye May 114% 114% 114% Jly 109 2697/8 109 Oct 108% 108% 108% Dec 110 Dividends By THE CANADIAN PRESS Alberta Gas Truck Line Co. Ltd., class A 37% cents; series C pfd., $1.18 series D pfd. $1.34, all May 15, record May 1. Alberta Natural Gas Co. Ltd., 25 cents, March 31, record March 18. Canada Steamship Lines Ltd., 50 cents (extra 30) April 15, record March 19. Simpsons-Sears Ltd., 12 cents, June 15, record May 14. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE (11:00 a.m. Ouotttt W1JTIHN OILS Alt* EMt Oat A.VS Alminex 4.25 Aiamara lB.87'/a BP Oil Oat 6.50 Can South 5.25 Cdn Ex Gat 4.60 Aihland 10.75 Cdn Homtstd (.40 Cdn Horn* Pfd 15.00 Cdn Ind Oa* Oil 11.62'/a Cdn Long I* .73 Cdn Suptr 37.00 can Dtl Rio 12.50 Charter 6.30 Chlaftan 7.80 Dome Pet* (8.75 Dynamic Pata 1.15 Total Peta 7.00 Ot Plains 32.25 Lochctl 1.30 Mill City 1.60 Naw Cont .10 North Cdn Oil 7.50 Numac 7.50 Parmo .67 Patrol 1.36 Pinnacle .74 Place Gat 1.36 Ponder .51 Ranger 14.00 Scurry Rain 25.50 Spooner 1.77 W. Decelta 6.30 MISCILLANIOUS INDUSTRIALS 01:00 a.m. Quotaii (11:00 a.m. Quotas) Hugh Russell 20.87V4 Cdn Invest F 4,45 4.99 Husky oil 17.75 Cmnw Inter 12.9514.19 - Cmnw Lev 3.37 3.69 Corp Invest 5.54 6.05 Corp In St F 5.05 5.52 Dreyfus F U.S. 12.58 13.79 in;.r"ste.|, f MJ Hi Jefferson LalcF 11 jm Ojjf Gsrh"" ,�� Husky Oil B 44.50 Husky Oil War (.90 Inter Prov Plpa 11.00 Intl Utll Pfd 50.00 .90 6.50 1.23 2.70 3.05 1.12 5.60 mvjst Mutual |.|� M� MUtua Ac |� sei Mutual Or r s.� Nat Re*. \% 5.07 N V, X!" 5 46 6.00 ^ V S60 5.77 Rovtund 5,32 35.62'A Anuk . . .14 .� Churchill Copper l.g .06'Acol Cellulose 5"/a , .02 coronation Credit V� M'A crestbroo* for infl Ind Agra Atco Ind Aquatalne Brit Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv CPR Pfd Crowsnest Cygnus A Cygnus B Cum Prop Gt Cdn Oil S Gt Cdn Oil 6-75 Home A Home B Horne Pltfld Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd 8.25 7.50 25.12''/i 5.371/4 31.50 36.50 17.62Mi 25.00 9.371/4 28.00 5.25 7.00 17.00 6.00 100.00 26.62'A 27.12VJ 2.05 17.68% 44.00 57.25 Joutel Kaiser Res Kam Kotla L Ont Port Cem MGF Manage Mentor Newconex Pacific Pete Rank Org Selk Hold Shell Canada Shell Inv Pfd Shell Inv Wts Sicks Rainier Teledyne West Cdn Seed White Yukon CALGARY Acroll Ana Pete Barons Oil North Cont Plains Pete Wast Warner Madison Rexdale PIPELINE STOCKS Alta Gas Tr L A 50.75 Alta Gas Tr L Pfd 74.37'/a Key Indust Alta Nat Gas 25.00 growers 8 Cdn W Nat Gas 15.50 Bathurst Inland Nat Gas 12.75 , Hya N and C . 16.62'A Interior Brew N and C B Pfd 32.25 Jericho _ Pacific Gas Trans 14.50 Kamloops Copper Gaz Metro 5.12'A Lomex Gas Metro Pfd A 66.00 Lytton Inerals Tr Cdn P 33.12'/a New Cronln Tr Cdn P Pfd 43.00 New Imp Mines Tr Cdn P Pfd A 62.25 Tr Cdn P War 10.75 Westcoast Tr 24.25 Western Pacific 4.75 MUTUAL FUNDS An?CdneCCom 7.H 8.70 Western Mines All Cdn Dlvld 9.07 9.91 WC Resources All Cdn Vent 3.59 3.92 Western Explor Amr Gr F 5.62 6.17 Utlca .39 .33 .21 Dynasty Croydtn Fort Reliance Giant Mascot Granlsle 4.65 .22 .65 4.65 11.62'A .27 3.60 1.18 2.60 4.90 .12 .12 8.50 2.22 .08'/a 1.38 Okanagan Hellcop 4.75 Primer .16 Pyramid .35 Silver Standard 1.65 Texmont .72 Tro|an -2B - ' ------ 3.B0 .14 .23V4 .70 Monstrous, stupid, foolish tagged on power agreement VICTORIA (CP) - Another $472 million is needed to complete the Columbia River power project, and there is only $10 million left of the $274 million originally placed in the kitty, the legislature was told Thursday. To add insult to injury, said NDP leader Dave Barrett, Premier W. A. C. Bennett has suggested extending the sale of power to the United States for Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes! (11:00 a.m. Quotes) MINES Acme � Advocate Ash. 2-32 Akaltcho .� Area Mines V� Black Bay M'A Bralorne 2.30 Broulan -MVs Bethlehem Brunswick 5.90 Canada Tung. 2.48 casslar 22.87V4 Central Pat. 2.55 Chlmo J.� Conwest 10.12V4 Cons. Rambler 2.55 Coin Lake >� Cochenour � Dickenson Mints 140 Denlson Mines 28.00 Deer Horn -0; D'Eldona -H Dome Mine* �6.M Donalds '* Discovery Mines 1.12 East Malartle 105 East Sullivan 350 Falconbrldge 146.00 Frobex First Maritime* 1.23 Giant Y.K. 10.25 Bovls 2.75 Grandue � J7* Headway R.L. 10.00 Holllnger ... 3850 Hudson Bay M-S 24.00 Hydra Ex. . � Highland Bell 3.25 Iron Bay 3.60 iso ' '* Jollet Quebec .21 Kerr Addison 920 Key Anacon 3� Labrador 37.25 Lake Shore 3.15 Leltch > *J Langls Sliver -12 Madsen R.L. � Malartle G.F. -M Martin McNeely 10.00 Maybrun ,,,�� Maclnlyre '33.50 Meta ]VniOK Dupont 140.00 Woolworth 53.00 NEW york averages General Motors 83.75 Westlnghouse Elec 81.75 30 Indust 916.00 off .83 Gulf 30.87V2 U.S. Steel 34.00 20 Ralls 202.25 off .06 Int Harvester 30.50 TORONTO AVERAGES 15 Utilities 125.26 up .26 Kenn Copper 38.62% 20 Indust 184.08 up .16 65 Stocks 300.87 off .08 Boost port of Churchill SASKATOON (CP) - G. N. Vogel, chief commissioner of the Canadian Wheat Board, was challenged Thursday to announce that 30 million bushels of wheat would be allocated for shipment through the Manitoba port of Churchill in 1971. Steve McEachern was speaking to delegates to the annual convention of the Saskatch- TABER SCHOOL DIVISION NO. 6 Requires A SUPERINTENDENT OF SCHOOLS POSITION: An Executive Officer of the Board to carry out policies of the Board. 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 standard. (c) a degree from a University in Alberta or from a university of equivalent standard. (d) have pursued one year's graduate study in a field acceptable to the Minister either at a University in Alberta or at a university of equivalent standard. SALARY: To be determined considering qualifications and experience. COMMENCEMENT DATE: To be arranged, but approximately June 1. Closing date for application: April 2, 1971. Applications should include a complete resume of training and experience, references, and salary expected, and forwarded to: SUPERINTENDENT SELECTION COMMITTEE TABER SCHOOL DIVISION NO. 6 Box 1239 TABER, ALBERTA e w a n Association of Rural Municipalities. Fifty - five per cent of its 292 member municipalities belong to the Hudson Bay Route Association. Mr. McEachern said that although the route association set a 1970 target of 30 million bushels - the port's capacity, only 25 million bushels were allocated, less than shipped from there five years ago. "Let the wheat board try to sell all' the wheat they can through the port of Churchill," he said, adding that shipping costs to Europe are almost 16 cents lower through Churchill than through Thunder Bay. $950 million energy plant is planned TORONTO (CP) - British Newfoundland Corp. Ltd. plans to build a $950 million nuclear plant somewhere in Canada to produce enriched uranium. The proposal was received by Prime Minister Trudeau in Ottawa shortly before Brinco President William Mulholland announced the idea here Thurs day in a speech to the Empire Club of Canada. He said it would take a work force of between 5,000 and 10,000 about eight years to build the plant. It would require an operating staff of about 1,000. The project needs federal approval. There was no official comment but authorities at the federal energy department in Ottawa said there are many unanswered complexities'. Where would the necessary markets be? Where would technical information come from? Should the enormous amounts of energy required be used for such a plant There now are five plants producing enriched uranium in the non-Communist world, three in the United States, one in Britain and one in France. an additional 30 years beyond, the 1993 date in the present agreement. The agreement, he said was a monstrous, stupid, foolish blunder." "The only way you can interpret this is that you were the country boys with the Yankee traders," he said. Resources minister Ray Wil-liston said that even in light of additional cost, the Columbia project would still supply the cheapest power in either Canada or the U.S. Mr. Barrett said the Mica Dam will cost $125 million to complete and generators will cost another $150 million. Transmission of power from the Mica Dam will cost another $180 million, he said, and completion of the Libby Dam is ex- Youth dies in fall TORONTO (CP) - Two scuffling youths broke through a sixth-floor window at Rochdale College Thursday night and one was killed when they hit the ground. The other was reported in serious condition after an operation. Kevin Kerick Yallop, 17, was killed. Wolfe Glazier, 18, has two broken legs, internal injuries and cuts. Both are from Toronto. Police said they were told the pair scuffled in the sixth-floor lobby outside the elevators. When they lunged against a plate-glass window the glass broke and both pitched out, apparently landing together in a shower of glass. pected to cost another $17 million. "How can you stand here and tell us you made a good deal?" Mr. Barrett asked the Social Credit benches. Mr. Williston replied that in 1963, when the treaty was negotiated, the inflation rate had been 1.5 per cent a year, but since that time the rate had risen to four per cent. This had accounted for an increase of $117 million in the cost of the dam. Interest rates at that time had been five per cent per annum, but since that time had increased to between eight and 8% per cent-this had cost the province $150 million more than had been calculated. He said that the province had still had a good deal because the U.S. could have had the downstream benefits simply by sitting back and letting B.C. build dams on the Columbia for its own use, automatically creating the needed power potential. Beef futures WINNIPEG (CP) - Winnipeg live beef futures market had light traes Thursay. Open High Low Close We. Mar 33.10 33.10 33.00 May 32.10 32.10 31.80 Jly 31-20 32.00 Potato futures WINNIPEG (CP) - The Maritime potato futures market was light trades Thursday. Open High Low Chae Wed. Apr 2.30N 2.30N May 2.90A 2.90 Nov 2.40A 2.40A Livestock Lethbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY (CP) - On offer to 11 a.m., about 1,750 head; mostly replacement cattle and stock calves. Trade was active. Most slaughter cattle were cows of mixed graded and bulls selling at steady prices. Good slaughter cows 20.75 to 21.50, medium 19.50 to 20.50, canners and cutters 18 to 19.50. Good bulls 24 to 25.50. Replacements were mostly yearling steers weighing 575 to 750 pounds and stock calves 450 to 550 pounds. Fleshy yearling steers 600 to 700 pounds were up to $1 lower with other grades of replacements steady. Stock calves were steady. Good feeder steers less than 750 pounds 33.50 to 36, more than 750 pounds 30 to 33.50. Good feeder heifers 28 to 31, depending on weight. Good stock steer calves 35.50 to 40.30. Good stock heifer calves 31 to 34. Butcher weight calves 31 to 34.40. No hogs sold to 11 a.m. CALL FOR BAN SASKATOON (CP) - A resolution calling for a ban on non-returnable bottles and cans for beverages was passed Thursday by delegates to the annual Saskatchewan Association of Rural Municipalities Convention. FOR RENT IDEAL DOWNTOWN LOCATION Cor. 5th St. and 4th Ave. S. LETHBRIDGE Contact Suite 14, Lafferty Bldg. or Phone 327-5301 OFFICE: OPENING! ACCOUNTING AND INCOME TAX RETURNS Peter Huising Accredited Public Accountant 2018 2nd Avenue North Bus. Phone 328-6973 Res. Phone 328-3233 qourquide to investment action Trie March edition of the Richardson Securities of Canada publication, "INVESTMENT SECURITIES REVIEW", is just off the press. You will find it helpful in shaping your investment decisions in the light of the latest available information. This issue features:  A report on the Capital Spending sector of the Canadian economy.  Current stock market comments.  Brief comments and investment recommendations concerning Metropolitan Stores of Canada Limited, General Distributors of Canada Ltd., Nu-West Homes Limited and Richard Costain (Canada) Ltd. " Please send me a complimentary copy of your ' March Investment Securities Review. FOR SALE 2,000 YARDS WASHED VA" DRAIN ROCK Can be Used in Concrete 600 YARDS %" AGGREGATE 800 YARDS %" AGGREGATE This is all washed material and can be used In concrete, driveways and roads. Must Sell by April 30th, 1971 PRICE REASONABLE. Will sell at pit or can also arrange for trucking. This is in the Lethbridge and Coalhurst Area. For Information Call: TOM HALIIDAY at 327-1443 or MR. GIL DELURME at 327-4463 NAME. ADDRESS PHONE. Mail to: RICHARDSON SECURITIES OF CANADA 709 - 4th AVENUE SOUTH, LETHBRIDGE, 327-5757 1 Richardson Securities of Canada Affiliate of JAMES RICHARDSON & SONS, LIMITED ESTABLISHED 3857 OFFICES IN 35 CITIES ACROSS CANADA NEW YORK, CHICAGO, LONDON, FRANKFURT, HONG KONG ;