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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 24, 1971, Lethbridge, Alberta 22 THE UTHMIDCE HEIAU Match 1971 Market lower in light trade TORONTO CP The To ronto stock market was mixed to fractionally lower in light midmorning trading On industrials were down to Golds rose to base metals to and western oils to Volume by 11 was down from at the same time Gains edged losses 116 to 113 wilh 185 issues Grain prices Winnipeg Grain WINNIPEG CP A tight situation in March Vancouver rapeseed pushed the future up nine cents above the previous close level on the cpen of the Winnipeg Grain Exchange to flax and rapeseed had good buying by At the flax was high er to IB May rapsseed Vancouver nine to March rapeseed Thunder Bay 2Vi April Oats May 84U barley Vz May 1 rye Vz May Opening prices Flax May higher 255i July ife higher Oct higher Vs higher 2 Rapeseed Vancouver March 9 higher May 2 higher July 1i higher not Rapeseed Thunder Bay April 2A higher 2983jB and not Oats May lower MVi and not Barley May Vz higher 1 and not Rye May higher and not Prices Tuesday for class tw wheat for export to countries outside IGA 1 nor 2 3 4 1 Dll rum 2 1761 3 4 IGA prices 1 Nor 2 3 4 1 Du rum 17914 2 3 4 Grain quotes Tuesday basis High Low Close Flax May 255 254 255 Jly 253 253 253 Oct 256 256 ftov 254 Rapeseed Vancouver Mar 339 337 May 298 294 296 Jly 289 286 287 Sep 276 Rapeseed Thunder Bay Apr Jim Oct Dec Dec Oats May 263 263 Oct Dec Barley May 131 Jly Oct Dec May Jly Oct Dec 122 115r 290 262s 262s 130i 115 296 2 2721j 262 263 85 131i 129 122 12214 115i KB1 10714 110 Asbestos was down Vi to Hudsons Bay Oil and Gas to Rank Vt to nco i to Sherritt to I207s and KerrAddison 15 cents A Home A was up 15s to 25i and Cygnus B i to Home B vas unchanged at and Cygnus A at Energy Minister Greene aid Tuesday the federal gov ernment expects that Home Oil will be sold to a Cana iian The federal government has een negotiating with Home President Brown for of the Jrown controls Home through Cygnus of Greene said Brown is confident he can put together a Canadian PAPERS UP MONTREAL CP Papers continued to move ahead while srices in most sectors dropped n sluggish trading on the Mont real stock market On industrials were up 05 to and papers gained 44 to Utilities were off o banks to 193 27 and the composite to Falconbridge was up to MacMillan Bloedel to and Northern and Central Gas to Up V4 each were ScottLaSalle at New Brunswick Telephone at Dome Pe troleum at Seagrams al and Consolidated Textiles at Quebec Telephone was off to International Utilities to and International Nickel to Down each were QSP Ltd at Montreal Trust at Imasco at Interpro vincial Pipe Line at Crush International at Dominion Glass at SiHi and Algoma Steel at SHARP DTP NEW YORK AP The stock market slid downward in moderately active trade today The setback was on a sharper scale than in the three previous Analysts said profittaking continued to weigh on the mar and that investors were concerned that the econ omy was not making a strongs The noon Dow Jones average of 30 industrials was off t International Nickel lost a and Hudson Bay Mining V at Distillers Seagram advanced to Walker Gccderham was up Vj at On the American Stock Ex Scurry Rainbow Oil was up at Off i wer Molybdenite Canada and Pre at and respec lively Asamera Oil was up to Miscellaneous quotations Montreal Suppled by Rorfbouse aod UcCuaig LAST BID OR SALS illoo l WESTERN OILS twoiesi Atta East Gas Almlnex Asatnera B f Oil Can Southern Cdn Exp Gas Ashland Grid Cdn Home Cdn Home Pfd Cdn Ind Gas Cdn Long Is Cdn Superior Cent Del Rio Charter Chleltan Dome Pete Dynam Pete Total Pete Great Plains Lochiel Mill City New Cont North Cdn Oil Numac 475 20 mi 505 1087 790 1500 10 7S 73 3325 1275 630 775 6975 1 05 6EO 33 50 135 1 60 75 77S 750 20 Cmnw nter 13 00 11 25 Lev 336 368 Corp Invest 551 60 8 60 Corp In St F 5 47 Dreyfus f 13 63 J8 62Vi G Fqulty 6 20 6 61 825 1175 62 650 1 10 260 1 90 1 15 555 5950 1935 1225 34 75 3500 14 75 Mutual Gr F Nat Res N W Fin N W Gr Principal Gr Royfund United AC Universal Sav Temp Gr VANCOUVER Petrol 1 3 Pinnacle Place Gas Ponder 5 Ranger 14 0 Scurry Rain 54 5i Spooner 1 fr1 West Decalta 6 3 MISCELLANEOUS INDUSTRIALS Agra Atco Indus Aquataine Brit Nltd Corp Cdn Brew A Cdn Brew B Cdn Hyd Carb Cdn Pac tnv CPR Pfd Crowsnest Ind Cygnus A Cyonus B Cum Prop Gt Cdn Oil Sds Gr Cdn Oil Sds Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil 825 7 8715 25 525 31 75 3650 1725 2575 9 2 2 2700 4 95 7 00 17 00 600 10000 2575 26 121 2 OS 1787V2 Hugh Rus Pfd Hiisly Oil Husky Oil B Husky Oil War Inter Pro Int Utll PM Inier Steel Jeff Lake Joutel Kaiser Res Kani Kotia Lake Ont Pt MGF Manage Mentor Newconex Pac Pete Rank Organ Selkirk Hod Snell Can Shell Inv Pfd Shell Inv Wts SicKs Ranier West Cdn Sd White and Yuk CALGARY Acroll 8 Anac Pete Barons OH North Cont 0 Plains Pete 3 West Warner Madison Rexdate PIPELiNE STOCKS Alta Gas Tr L A 51 2Va Dynasty Alta Gas Tr L Pfd 7500 Fort Reliance Aita Nat Gas 2J 50 Cdn W Nat Gas 1650 inland Nat Gas 1300 N and C 1650 N and C B Pld Jl Pacific Gas Tr 14 CO Gas Metro 5 50 Gas Metro Pfd A 63 50 Tr Cdn P 33 CO Tr Cdn P Pfd 44 00 Tr Cdn P Pfd A 61 75 Tr Cdn P War 1050 WC Tr 3JCO Western Pacific 4 75 MUTUAL FUNDS AGF Special 275 Shim 339 373 Gr 11091213 Mutual 537 588 i Ac 535 588 530 583 455 SCO MO 420 461 557 571 4 81 5 29 730 802 25 34 27 7 Anuk 3 371 Arctic Mining 3 85 Atlas Explor is Betn copper Block Bros Br Brenda Sugar sugar Pfd Capt Inter X2 Churchill Copper Col Cellulose 39 Coronation Credit crestbrook F Ind 650 Croyden Dolly Varden 810 1700 1550 6 87V1 1 56 550 6 a 55 25 343 Giant Mascot Granisle Key Indust Growers B i Bathurst Interior Brew Jericho Lornex Lytton Inerals New Cronin cy New Imp Mines Okanaqan Hellcop 4 75 14ii 8 00 2 0 All Cdn All CdT Divld All Cdn Vent Amr Pyramid Silver standard 7 94 8 68 Texmont 9 C4 9 88 Trojan 3 57 3 90 Western Mines 610 WC Res 35 1 66 74 50 Cdn In Fund 4 54 J 9B Western Explor Col Mutual 641 704 Utica Toronto industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a Quotes MINES Acme 04 Advocate 2 30 Akailcho Area Mines Bralorne Black Bay Broulan Bethlehem Brunswick Canada Cassiar Central Chlmo Conwcst Rambler Coin Lake Cochenour Craigmont Dickensin Mines Den is on Mines Quoies 1fi75 615 23 145 Hoi DEldona Dome Mines Donalds Discovery Mines East Malartlc Best Sullivan Falconbridge Frobex First Maritimes Giant Y Bovis Granduc Headway R Hotiingei 234 43 B95 1 37 2700 06 76 1 15 365 14350 1 22 10 50 230 1000 3875 Hudson Bay MS 23 62A Bi Hydra Highland Bell Iron Bay Jolier Quebec Kerr Addison Key Ana con Labrador Lake Shore Leitch Langis Silver Madsen R L Malartic G F Martin McNeely Maybrun Maclntyre Meta Midrim Intern Mogul Naw Athona New Calumet New Imperial Noranda 315 1 69 3775 340 160 81 1000 Ifilb 13300 13V i 11 62 7 1 30 Nortnaate Opemiska Osisko Patino Pine Point Placer Exp Quebec Man Rayrock Rediore Rio Algom Roman Sllverfislds Sherntt Gordon Silver Miller Steep Rock Siscoe Tek Texmont Upper Canada Western Mines Wright Wlllroy Windfall Yellowknife Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Brazil Trac B Tel iurnS BC Forest B Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit Gas Cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bath Cons Gas Dist Sea Dom Bridge Domtar Dom Textile Dom Stores 2iO 175 605 72 1 370 1 10 13 540 9 75 Dome Pete 11 622 Dofasco Fam Play 24 67 Fd of Amer Gt Cdn Oil Gen Motors 1 22 Gt Lakes Pap IBA Gulf Oil Cda 1 65 Greyhound 35 Hawker Sid T50 Huron Erie 660 Hiram Walk I Imperial Oil IfT1PeriaI Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bice Moore Corp 6B7ia Molsons A 53 Molsons B 1525 Cent 787VJ Pembma Pp 7 Power Corp AS 62W Price Co Roihmans 6200 St Law Corp II 50 Shell COA 400 Simpsons 17 872 Simp Sears steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Vercatce Mfg Westeel Union Car 26 Weslons B Woodwards A 24 37 i West Cdn Sd 9 Zenith Elec 1950 BANKS 5387 Can Imperial 22 50 Montreal ll 37i Nova Scolla 15 372 Royal 11 62 2 TorDon 485 550 23 00 1 40 11 DO 1275 3200 355 8950 2550 6025 600 8375 1875 21 631 1425 265 3700 3050 1735 4550 28 62 IB 50 8 62Vi 550 5 3637 10 87a 2600 3625 1650 2075 500 800 1300 1900 3475 1950 2400 2750 1235 3100 1200 2475 3325 4200 350 900 1625 1950 20 87V 3475 1515 24 SO redit rating ost NEW YORK AP Unse ured corporate notes sold by IK Chrysler and two of s subsidiaries have lost their prime rating because of the Mnpanys unimpressive oper ting The National Credit a un and Bradstreet division that evaluates issuers of eom ercial withdrew Mon ty its rating of the paper sold Chrysler and its Chrysler inancial and Chrysler redit Canada No new rat ing was Eugene credit off ce said Chrysler unimpressive operating during the last two ears and the companys failure post a substantial profit in fourth quarter of 1970 was reason the rating was with Chrysler reported a net loss oi million for 1970 compared 1th a million profit the pre ious Sales in both years pproximated S7 The profit for the last three lonths of Chrys ers largest Gen ral was on In recent Chrysler offi ials have stated repeatedly lat the company currently was perating in the black and ex ected to make a solid profit lis The withdrawal of the credit atiiy would have no direct im jet on the parent has no commercial paper But Chrysler Financial on londay had just over billion in commercial paper outstand jig with a eighted average maturity of 64 Chrysk Credit Canada has bout million in paper out New York stocks Supplied by Securities oi Canadi ART DIETRICH DENTURE CLINIC Certified Dental Mechanic Metropolitan 3284095 Hog prices EDMONTON CP Prices to 11 provided by Bie Al berta Hog Producers Market ing Board Edmonton Quoted to 19 selling 19 Average Tuesday Calgary Quoted to selling 2015 Average Tuesday 1982 Red Deer Quoted to selling Average Tuesday LethbridgeAverage Tues day Llcydnunster Average Tues day 1934 Total hogs sold Total sold Tuesday Provincial average 19 63 Sows at all points 13 09 Amr T and T Anaconda Beth Steel Chrysler Comsat Gulf Int Harvester Kenn Copper 4850 Montgomery Ward 37 27 i 20 Golds 19168 up 221 2150 Sears 83 j 10 Base Metals 9620 2200 Std 0l of 15 W Oils 20716 Up 2775 Texas Gulf 12075 Volume 6875 Texas Co 3655 NEW YORK AVERAGE HO 67i Woolworin 30 Indust 90293 off 51 8375 Westmqhouse Elec 7825 20 Rails 19935 off 31 2950 US Sieel 3350 15 Utilities 12407 off 29 6 TORONTO AVERAGES 65 Stocks 29681 off 12 37 62i 20 Indust 13379 up 79 Volume Livestock ANNOUNCING UNRESERVED AUCTION APRIL 1971 ALBERTA This sale is being held for Heights Construction of Cnlgnry and consisting of CRAWLER MOTOR PULL CAMP EQUIPMENT ARRANGED BY STEWART EQUIPMENT For further Information Contact HEAD 1243 McKnighl Blvd Phono 2768991 CANADAS EQUIPMENT AUCTIONEER Lethbridge Livestock Supplied by Canada Department of On offer to 573 cattle and Receipts about evenly di vided between slaughter and replacement trade ac live Good and choice butchei I steers meeting good demand at j firm Good and choice j butcher heifers also meeting i good prices 5 cents Medium and good cows i 30 cents to M higher with nn top quality kinds on Me dium and good heavy feeder steers selling at strong Choice steers 3225 to 3270 good 31 to 32 medium 28 to 30 Good heifers 29 25 to good 2fl to medium to 27 50 Dollar Value MONTREAL OPiIS dol lar in terms of Canadian funds J down 132 at SI 00 i Pound ster ling down at NEW YORK CP Cana dian dollar up at M 1532 in terms of U funds Pound ster ling unchanged at uere deaths in j Canada last the Dominion I Bureu of Statistics Good cons 21 to 22 mediu 20 to canners and cutter 17 to Good heavy feeder steers over 900 31 to Butcher hogs sold Tuesda Lethbridge 2015 has price i Calgary Livestock CALGARY CP On offe to 11 about head mostly good and choice slaugl j ter steers and hsifers wit balance of offering mute grades of and a few bulls Trade was stiong and actn on all classes with gccd loca and outofprovince demand Slaughter steers heifers 50 cents cow generallv steady to strong an bulls Choice slaughter steers 322 to good to m duinr 21 to 3d 50 Choice heifer 311 to 30 good 21t 75 to medium 20 ill to 28 Goo cows 21 to medium i to canners and cutters to Good bulls 21 to Replacement cattle wer in supply with a fe shortkeep steei weighing about pounds sel ing No stock or slaug ter calves offered Good feeder steers more tha j 750 pounds 30 to 32 60 I Hogs base pncc Errors by Venezuela help Albertas oil sales problem EDMONTON CP Alber tas chief competitor may have inadvertently helped the prov ince rid itself of an annoying and costly problem rinding places to sell extra crude For 20 cheap oil from Venezuela has restricted Al berta crude to an aiea west of the Ottawa Valley and forced the provinces petroleum indus try to seek markets in the United Canadian oil policy now restricts Alberta crude to mar ket regions west of the Ottawa Intent on protecting its the threw up a barrier of quotas that until recently kept Alberta crude production to less than half its capacity of two million barrels a A few months Venezuela decided to take a bigger tax slice from its oil industry a move that man ager of the Independent Petro leum Association of says increases the possibility of selling Alberta oil in secretary treasurer of the Canadian Pe troleum said the gap between the price of tradi tionally chaper Venezuelan off shore oil and Albertaproduced crude is rapidly Before the tax Al berta crude cost a barrel in Toronto while Venezuelan crude cost a barrel in INCREASE PASSED ON chairman of Imperial Oil says rawma terial costs amount to about 80 per cent of refinery operating costs and because of much of the Venezuelan increase will be passed on to the Its part of the entire pic ture of rising prices far off shore oil and will have an ef fect in Eastern Cameron Its another example of the instability of offshore We will have to find more re serves in the West Russ Albertas min ister of mines and agrees that the increase in Ven ezuelan prices will expand mar kets for Alberta but doubts that new outlets will emerge in This would require a pipeline Egg prices EDMONTON CP Week ly egg and poultry report is sued by the Alberta depart ment of agriculture Eggs To producers A large 39 A medium 35 A small 21 B 19 C 6 cracks To retailers A large 50 to 51 A medium 47 to 48 A small 32 to 33 B 32 to 35 C 20 to 21 cracks 20 to Two cents extra in To consumers in cartons A large 56 to 57 A medium 47 to 50 A small 38 to Poultry live 1 chicken Fowl Under Turkey Under 12 to 261 over Live 2 chicken Turkey Under 22Vi 12 to 23ii over Net earnings By THE CANADIAN PRESS Western Decalta Petroleums year ended 31 17 cents a share 14 Nurnac Oil and Gas year ended 31 28 cents a share 19 to Patrick and it is unlikely the petroleum industry will deem it wise to fi nance such a pipjline while the possibility of finding oil in the Atlantic off Nova Scotia DRILLING INTENSIVE An intensive drilling program is in progress off Nova and if a major discovery is Alberta oil again would have to take a back seat be cause of The Alberta which has earned million from oil and natural gas in the last 23 lias estimated that royalties will increase by million in the 197172 fiscal year to A sign that things are looking up came when Syn crude Canada announced it intends to file an amended plication with the Alberta oil and gas conservation board ask ing that its authorized produc tion from the Athabasca oil sands be increased to from barrels a day of synthetic crude Synthetic crude is the result of treatment of a raw which is taken from the oil The product of this treatment is a mixture of highlyrefined fuel oils which are fed as a raw material to re fineries through Dividends By THE CANADIAN PRESS John Labatt common 18 April record March 26 series 25 May record April Laurentide Financial 64 per cent 30 April record April 8 3Hi June record Alay Beef futures WINNIPEG CP The Winnipeg live beef futures mar ket Tuesday had a light Open High Low Close Mar May Jly 3110 Potato futures WINNIPEG CP The Maritime potato futures market was mostly inactive Open High Low Close Apr May Nov NAOLSON GOLDEN Get together with the easygoing flavour of Molson Its the great gettogether beer for good company and good Molson Golden great gettogether beer ;