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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 23, 1971, Lethbridge, Alberta Match 1971 THE UTHPSIDGE 13 jLivestock report Gmin vriccs railways grantee Winnioea Grain i I othtirirJnn Livpvtatlc sold from 1M1 per cwt heav I Lethbridge uvestocK 1M bs 131B Supplifd by Canada j Department of Agriculture i On offer to 110 j head Stock prices drop in light trading TORONTO CP The To1 Volume by 11 amounted ronto stock market dropped to shares in light trad fractionally lower in light mid morning trading today as it en tered a third consecutive losing On industrials were down to base metals to and western oils 1 32 to Golds rose to Among losing Pacific Pete was down to Home A to Alberta Gas Trunk to International Utilities 3i to Trans Canada PipeLincs si to S32si Great Britain and Canada In restment was off to Receipts practically all good and choice Cattle mar ket strong and Good and choice butther steers meet ing keen prices 50 cents to medium grades 50 cents or more high Gcod and choice butcher heifers scarce and selling at strong The very few re placement steers on offer sell ing at steady Choice steers 32 to 3290 WINNIPEG CP Flax ad rapeseed at the position moved to higher once Bred sows and gilts 3550 per patterns by midsession tmiiy on the Winnipeg Grain Calgary Livestock freight rate increase Most other commodities were CALGARY CP On offer j M to 11 about 750 head mostly good and choice slaugh ter Trade was strong and active with good local and outofprovince Slaughter steers were 50 cents heifers fully steady to strong with heifery kinds to In sufficient bulls to establish a good 31 to medium 29 to I i Choice salughter steers Velcro Industries Vt to Can Choice heifers 29 23 to 29 70 lo 3075 tu 32 me ada Cement Lafarge 2 to jg E Pacific Petroleum to Gcod neavy feeder steers Banque Canadienne Nationalc i to 313 and TransCanada PipeLines to Westbume International In dustries gained to and Dti Pont to Up each were CPR at Consolidated Bathurst at Grissol Foods L B LU vu o IT n 1 4 ft and Thomson Newspapers to at Hudson s Bay Oil at Noranda dropped to Bell Vs to Inco to Pan Ocean Vs to Houston Oil 12 cents to and BP Oil and Gas 10 cents to Nuwest was up to Sherritt to Dynasty 15 cents to Dome Mines 3s to Campbell Red Lake 2 to Hudson Bay Mining 3k to Asamera Vs to and Total Pete 10 cents to PAPERS RALLY MONTREAL CP Papers rallied today on the Montreal stock market after dropping to a 1971 low at the close of trad ing but prices in all other sectors dropped On industrials were down to 183 utilities to banks to and the composite to Pa pers gained to and British American Bank Note at DJA OFF NEW YORK AP Tlie stock market headed downward at a mild rate today in an alysis said was a continuation of a readjustment that began last The noon Dow Jones average of 30 industrials was off 0 82 to Canadian shares were mostly Mclntyre Porcupine dropped to Off were Dome at and Granby at Alcan was off at 523s and Interna tional Nickel ft at On the American Stock Ex Scurry Rainbow Oil fell to 24 and Molybdenite Canada 14 to over 900 Ibs 31 to me dium 28 to Butcher hogs sold Monday Lethbridge 20 to 212o base price Mondays sales All classes of weaner and feeder hogs met only fair de Wcaners sold about Light feeders under 100 SI to heavy feed ers over 100 or more Business Briefs CALGARY CP Ashland Oil Canada cf Alberta said recently it will purchase 17 per cent of Rayrock Mines from Empire Films Earl chief executive of ficer of said the move is aimed at expanding his com panys role in exploration and mining of hard VOLVO SALES UP TORONTO CP Volvo Canada announced to day increased car sales in Janu ary and February compared with the corresponding 1970 pe The company said sales were up 18 per with 465 Volvos delivered to owners in Volvo began assem bling cars in the HalifaxDart area eight years DEBTS INCREASE OTTAWA CP Consumer credit outstanding at the end of January totalled more than an increase of per cent over a year the Dominion Bureau of Statistics reported The figure includes only the con sumer credit that is granted by firms that make monthly ports to the Not in cluded are loans made by cred it caises oil companies on their credit and smaller retail stores through their charge EXPECTS RATE DROP TORONTO CP The pres ident of Mortgage Insurance of Canada sajs he mortgage rates to be reduced during the next three to six months but he doubts that the rates will drop below eight per Gardner English said in the companys annual report the reductions should be a strong factor in anticipated in creases in housing Mortgage rates were above 10 per cent a year ago and the best rate now is 83i per cent REPORTS LOSS TORONTO CP The All state Insurance Companies of casualty lines of dur ing 1970 compared with a 1969 loss of Losses on auto mobile insurance policies ac counted for a major portion of the Rome plot bared ROME AP Italian author ities placed a businessman under arrest and detained a re tired air force colonel for ques tioning today in connection with an investigation into a rightist insurrection Businessman G1 o v a n n 1 de Rosa became the fifth person charged with plotting an armed Wcaners 613 light feeders under 100 Ibs 10 heavy feeders 100 to 130 1550 heavy feeders over 130 Ibs 19 All prices per Light feeders under 100 dium 29 to Choice hei fers 29 50 to good 28 25 to medium to Good cows to medium to canners and cut ters 18 to Replacement cattle were in short supply with most of ferings fleshy short keep steers at steady No stock or slaughter offered Good more than 750 feeder pounds calves steers 30 to AP The the eastern ami por tn Interstate Commerce Comnus nons of the Inited States and form or tenijoi today granted LS rail six per cent in the sojlh to brought in hv i ways permanent freight rue in Much of t h e increase the p e i m a n e n t falls flax 299 000 of rye and creases of nearly 12 per cent in final approval by the ICC tcda about S3U million belou the amount sought bv liie 000 of rapeseed Midsession pnecs Flax May s higher July higher Oct 3i higher not open Rapeseed Vancouver March higher May high er July Hs higher Sept not Rapeseed Thunder B a y April 2i higher June higher not open Oats Dec not Barley May uneh not Rye Dec not open Prices Monday for class two wheat for export to countries outside IGA 1 nor 2 1 3 4 1 1 Dur um 2 3 Prospects bright for oil discovery WASHINGTON API Sai i gons embassy in Washington is j boasting of bright prospects for the discovery of oil off South j A senior Senate Republican the state department is playing doun the lest it Good feeder heifers 28 to depending on Hogs base price 4 j WEARS WIGS A cosmetics industry survey shows one in five British women j Flax uses a false hairpiece and one j in 20 wears false prices 1 nor J2 3 4 1 I Durum 2 3 4 Grain quotes Monday basis 1 High Low Close 2535s 2524 254 Miscellaneous quotations Montreal Supplied by Roadhouse and McCuaig LAST BID OR SALE 254 li i Jly 253 l Oct 2553i Nov 254s Rapeseed Vancouver Mai 32Gi 3248 May 297 293 Jly 289 285Vz Sep 277 1100 a Quotes WESTERN OILS Alto East Gas J Alminex 6 Asamera 19 8 Oil 6 Can Southern Cdn Exp Gas Ashland Grid Cdn Home Cdn Home Pfd Cdn Indust Gas Cdn Long is Cdn Superior Cent Del Rio Charter Chieftan Dome Pete Dynam Pete Totai Pete Great Plains Lochiel Mill City New Cont North Cdn Oil Mumac ouotesi a Rapeseed Thunder Bay i Apr Jun Oct 254i 255Vi 326 i 29334 286i 276 Alaska line first i TORONTO CP United States will permit the Int Util Pfd Inter Steel Jeff Lake Joule Kaiser Res Kam Kotia Lake Ont Pf Ce MGF Manage 75 Mentor 37 25 Newconex U 626 Pac Peti 5 05 40 11 00 800 1700 The prosecutors office for Rank Organ 760 Selkirk Hold EB50 Shell Canada 1 05 Shell Inv ofd 690 Shell Inv Wts 3325 Sicks Rainier l 28 Teledyne West Cdn Sd SO White and Yuk 750 CALGARY 7 40 Acrcll Permo Anac Petft Petrol 1 34 Barons Oil Pinnacle 71 North Cont Place GaS 1 35 Plains Pete Ponder 58 West Warner Ranger 14 00 Madison Scurry Rain Rexdale 19 Spooner 1 69 PIPELINE STOCKS West Decalta 620 Alta Gas Tr L A 5075 MISCELLANEOUS AlTa Gas Tr L Pfd 7500 INDUSTRIALS Alta Nat Gas Agra Ind Alco Indus Aquataine Brit Nfld Corp Cdn Brew A Cdr Brew B Cdn Hyd Carb Cdn Pac Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil Sds Gt Cdn Oil Sds Home Oil A Hoi Oil B Home and PIT Hud Say Co Hud Bay Oil Hud Bay Oil Hugh RJS Pfd Husky Oil Husky Oil B 4J 00 Corp Invest 5 52 6 04 Husky Oil War 660 Corp In S F 503 549 Inter Pro Pioe 1325 Dreyfus F 4975 G Equity 677 742 Gr In Shares 34 375 11 Invest Gr 12 14 Invest Mutual 5 39 5 89 6 75 Mulual Ac S 38 5 92 1 15 Mutual Gr F 5 30 i 83 250 Nat Res 811 2 10 N W Fin 457 502 1 11 N W Growth 647 711 560 Principal Gr 420 461 950 Royfund 558 575 United Ac 4 82 5 30 12 03 Universal Sav 6 3o 8 02 Temp Gr 2536 57 72 VANCOUVER Anuk 24 Arctic Mining UVa Atlas Explor Betn Copper 16 75 Block Bros 4 65 Brenda e 30 B Sugar 17 87W Sugar Pfd 15 50 02 Capt Inter 675 38 Churchill Copper 1 45 Col Cellulose 550 Coronation Credit Crestbrook F Ind 655 Croyden Dolly Varden 35 5 35 Fort Reliance 56 Giant Mascot 4 65 Gramsle 1200 1637i Key Indust 25 3200 Growers B 315 Pacific Gas Tr 1450 Bathurst 116 Gai Metro 5 25 Hys 1W Gas Metro Pfd A 64 50 Interior Brew 1r Cdn Pipe 32 62i Jericho IS Tr Cdn P Pfd 4375 Kamloops Copper 2 Tr Cdn P fd A 61 75 Lornex B 25 Tr Cdn P War 1062i Lytton Minerals 215 WC Trans 2i CO New Cronln 09 Western Pacific d 75 New Imp Mines MUTUAL FUNDS Okanagan Helicop AGF Special 2 9 Primer All Cdr Com 794 868 Pyramid All Cdn Divid 9 U5 9 89 Silver Stand AM Cdn Vent 358 391 Texmont Amr fir F 5 58 613 i 54 4 98 Western Mines 643 706 Westcoast Res 12 96 14 20 Western Explor 3 37 3 69 Utica 292 2 290 290z 270 26034 3475 3500 14 75 3 37V2 625 380 1525 35 Cdn W Nat Gas 1700 Nat Gas 1325 825 775 5475 N and C 5 N and C B Pfd 31 50 3650 1725 2550 975 27 00 500 675 1700 610 10000 2575 3700 205 1775 H7S Cdn In Fund 57 00 Col Mutual Cmnw Inter 17 62Va Cmnw Lev Oats May 85 Jly Oct Dec Barley May 131 s Jly Oct Dec Rye May Jly Oct Dec 115s 107 108V4 131 a 115 109i 10734 HO construction of a pipeline to transAlaska Arctir oil to Retail sales drop off southern markets and all the political pressure in Canada isnt going to affect what the Americans Patrick Liberal MP for Cal gary said parliamentary secretary to Finance Minister Edgar said in an inter view a Canadian pipeline will be but the Alaska line will come first Ulimately the need for pe troleum resources would out weigh the damage that might be done to the North Slope of Alaska and the east coast of he Mahoney said a Cana dian pipeline down the Mac kenzie River would not solve the crude oil shortage in Cali fornia and that is why the Americans will build the Alaska 1 A group of seven major oil I companies favors the 800mile I Alaska line and a west coast become a fictoi in the debate over L S war In a it already has Some most of them generated by the cam paign of a Beverly peace have flooded the Senate foreign rela tions seeking hear ings on the oil Oil today is hat ei pelis once ucie to North Amer Senator George D Aken i Vt in an interview You can have a war over it But tins time weve got the Uouble first In no oil has been dis although suneys indi cate possible offshore oil de State Secretary William Rcg ers has declared reports of pos sible oil deposits have abso lutely no effect on United States policy We did not even know about these rumors until The state department has i apparently played down the i question cf said Aiken I But the oil people themselves I apparently have been very The ICC said thn jKrmanem rates may become effective m 3j days The commission order is ths fifth to allow increases in freight rates in the last four ears In addHion tn freight rate the order autba izes permanent en a numUr of vpetific products sliippud In rail When the requested askeo for an aci increase of lj pei cent The ICC at tiut time granted tntenni cf six per cent lor OLuhem and eight ppi rem for rail in ihe east The estimated that a full 15pecem in rates ueld hun much excited over it the South Vietnamese embassy apparently Hold talks to discuss big tunnel LONDON Reuter British and French ministers and a consortium of financiers are holding talks heie today on fi nancing the building of an Eng TI i llsh Channel tunnel linking their He sald countries Heading the two governmen Vietnam and said the outlook is i of Siam and South China Sea the publication but whether the deposits mil mant and John his iJut ish The tunnel pro ject has been agreed on in prin ciple by bolh governments but there has been a delay in put ting the project into mamly because of finding the e turn out to be large enough to caPtal expenditure m justify drilling expenses cannot a consortiujn rf ta be determined But the report said a score of financiers from Brit oil among am France fte Ututed them Japanese and Cana who have access to capi OTTAWA CP Retail sales were estimated at million in down per cent from a year the Domin ion Bureau of Statistics reported The sharpest decrease was j in sales by moter vehicle deal down 16 per Sales by shoe stores were down nine per The bureau said all provinces but New Brunswick recorded reduced retail New Brunswick had a gain of per tal running into hundreds of millions of offered to provide the necessary financing and arrange for construction of the ese investment service and liaij The financiers offer has been son officer with the petroleum j detail by ex Greene and Northern Affairs j as saying that if all goes I Minister Jean Chretien in wildcat dr i llin g could ESSKS dian have indicated m tanker route to move oil to terest in determining the an Washington state from Prudhoe j swer to that Bay on Alaskas northern j The embassy quoted Tran Representatives of the com1 Van chief of the Vietnam panics concerned are due to meet with Energy Minister J the adoption of the proposed Mackenzie River mally turned over its report on the sensational case of an inves tigating magistrate who must decide whether to indict de j Rosa and four other persons j connected with the ultrarightist I National j Police have accused the headed by Junio V a 1 e r i o of plotting a takeover of government offices and com munications centres in Rome last Dec Borgheses wherea bouts are He is one of the rightists The three ethers are in Assistant Prosecutor Claudio Vitalone summoned retired Col Giuseppe Lo Vecchio today for questioning Lo left active duy two jcars ago aft Toronto industrials Supplied by Richardson Securities of Canada LAST BID OR SALE Canada reports a net under1 serving as an aide in the air writing loss in property and1 force command Quotes MINES 700 25 1700 630 7 65 2 62 255 1 46 Quotes a Tung Pat Northgate OpemisKa Osisko Patino Pine Poin i Placer Dev Ouehec Man Rayrock Radiore Rio Algom i Silverfields Srierritf Gordon Silver Miller 10 133 Steep Rock 2J4 Siscce 14 Tek i3 Texmont 9 00 Upper Canada 1 37 Western Mine 7 00 Wnqht Har 07 Willroy 77 Windfall 9 50 1175 2911 1 62 35 1950 6EO 90 2050 07 i Hofasco Fam Play Fd of Amer Gt Cdr Oil Gen Motors Gt Lakesi Pap Gulf CM Cda Greyhound Hawker Sid Ene Hiram Walk imperial Oil Int Pipe Inv Gp A Int Utilities Indust Accept 2537 9 75 6035 3700 1755 23 00 SCHOOLS DIRECTOR OF COMMUNITY SUMMER PROGRAM Applications are invited until March 26 for the above position from April 1 to August Honorarium of per month The successful applicant may prpsently be teaching or in school tn youth adult community or any interested He would j become a member of the Community Summer Proqrom Committee consisting of reorescntatives from the C A j Parks and Cultural Allied I Community and perhaps HIS day to day duties would be assisting the teacher coordmators m 3 schools to be Icept open oil summer as part of the Com munity Summer Final lo school Involvement In the tofol Community Summer Program will be made by the Public and Separate School Boards before Choice of applicant will be made by n committee of two School principals of in directors from Parks and Recreation and Y Apply lot Superintendent of Schools 433 15lh Street Headway R L Hollinaer iLdson Bay MS Hydra E Highland Bell Iron Bay JoliPt Qtjeber Key Aracor Labrador Lake Leitch Lanqis Slvrr Wadsen R L Malarltc G F Martin McNeely Maybrun Maclntyra Meta I Midnm Intern Mrxiu New Athona New Caiumet New Imperial Norandn 6950 1 12 1 05 370 1 35 10 25 7 75 10 00 38 50 3350 Kelly Doug A Loeb Loblaw A Metro Stores Massey Fcrg JUSTRIALS Bloe 7 Moore Corp 23 A Steel 15 50 Molscns B 7 62i North Cpnt Pembma Pp Poiver Corp Price Co Roth mans St I aw Corp Shell CDA Simpsons ip Soar EDMONTON CP Prices to 11 provided by the Al berta Hog Producers Marketing Board Edmonton Quoted 19 55 to selling average Monday Calgary Vuoted 19 85 to selling 19 average Monday Red Deer Quoted to 19 selling 19 average Monday Lethbridge No Aver age Monday j No Av erage Monday I Total hogs sold 839 Total hogs sold Monday Pro vincial average Sows at all points 7 62 fi 50 Stee of Can Potato futures WINNIPEG CP The Mar i itime potato futures maiKet Mondaj had a light Open High Low Close Apr 2 25A Ma 2 82 2 IP 25 Traders Gp Wi Cdn Indist Canoda S S i Cdn Marcorl Cdn Vipers 133 00 Cons Bath 11 Cms Gas Sea II 00 Dom Bridqn 15 Dom tar 24 Dom Textiit 1 i7 Drm Stores 00 Dome Pftc 3225 3 55 11 37 i J9 TO 46 00 23 IT 01 Trans Car Pp Union Gas Union Oil Versatile Mfg i Union Car Westons 8 Woxlwards XVpst Crtn Sd Elec BANKS Can imperial Nova Scotis Royal TorDem 20 50 ISO 1 35 Dollar Value MONTREAL dol i Jar m terms of Canadian i down I1B at SI 00 1116 Pound i sterling dtwn N at NEW YORK CDCanadian dollar down 1lfi at H9U in terms of Pound ster ling up 132 at fil61 Plebiscite failures hit education CALGARY CF When plebiscites on school costs are defeated educational programs are morale lowered and school board autonomy says a report from provincial teachers and trus The conclusions were reached after six school systems in Washington and British Colum bia were studied by representa tives of the Alberta Teachers Association and the Alberta School Trustees Where plebiscites edu cation is immediately retarded but it takes five to seven years for the public to be made aware of the observable The threat of a let alone its can have a deleterious effect on schools More than 90 per cent of the plebiscites passed m Washing where school officials at tempted to involve the com munity in educational while in British Columbia 14 of 16 votes for additional f u n rl were defeated A report of the joint ATA ASTA study groun recommend ed inclusion of citizen advison groups m school It also suggested that A which last year passed legislation requmng a vote if 3 school boards budget increased more than per cent on a per student abolish Us plebis cite regulations tailed study of the costing and HaimltOn tO lltll viability of the Such a study could commence within two Tins final study will involve t the two governments in an ex Alyin l pcnditure of several million dol seat SASKATOON CP spread over two Beef futures WINNIPEG CF The Win former Progressive Conservative agriculture minis ter in the cabinet of John Dief says he will seek a Saskatchewan seat in tile next federal In a telephone Mr njpeg iive beef futures market Hamilton said he has received j was fairly active Monday with three or four offers to run several trades at current lev the Progressive Conservative els to 10 points party in Saskatchewan consti Open High Low Close tuencies but has not yet deMar 33 35 33 CO 32 25 cided where he will let his May name i Jl 31 3 31 20 31 10 31 10 Ask for tiiis folder io learn how you may obtain an IDBioan to assist in modernizing or expanding your s business any i where in business anywhere Canada New York stocks Supplied by Securities ol Canada Amr T and T Gulf Int Harvester Kenn Copper Montgomery Ward 34 60 71 50 Sears R3 25 Std Oil of N J Ti SD U 75 VViOlv 30 Golds 190 ft tp 73 10 Base Met 96 17 off 13 IS W Oils 07 S3 eft I 57 Vrlumc 1 NEW YORK AVERAGES Inrtui rft F j WMtmcjhmisc Flft 79 10 RBI 199 R2 off U US Steel J37S 15 Utilities 12462 Oil TORONTO AVERAGES 65 29848 30 Induit off Volumi FOR SALE YARDS WASHED W DRAIN ROCK Can be Used in Concrete 600 YARDS V AGGREGATE 800 YARDS V AGGREGATE Thn H nil washed material and can be used m d rive way t end roads Musi Sell by April 1971 PRICE Will tell at pit or can also arranqa for trucking This is In the letnbndfie ond Coalhursf For Information Call TOM HALLIDAY ot 3271443 or GIL DELURME al 3274463 DEVELOPMENT BANK ;