Lethbridge Herald (Newspaper) - March 25, 1971, Lethbridge, Alberta
Thursday, March 25, 1971 - THI LETHBRIDCE HERAID - 23 III MM^SS .V I IXA\< l< Market prices sharply lower TORONTO (CP) - Prices dropped sharply lower in light mid-morning trading today ait the Toronto Stock Market. On index, Industrials were down .75 to 182.55, Base Metals .14 to 96.03 and Western Oils .23 to 206.37. Golds advanced .53 to 195.27. Volume by 11 a.m. was 627,-000 shares, compared with 624,-000 at the same time Wednesday. Losses outnumbered gains 154 to 84 with 184 issues unchanged. Weakest sectors were papers, pipelines and real estate. Nabors Drilling was down % to $10, Asbestos % to $35%, International Utilities % to C of C raps pulp firms' option delay EDSON, Alta. (CP) - Two pulp and paper companies operating in west - central Alberta should not be granted further extensions of forestry leases if their options are not exercised by July 1, officials of the Edson Chamber of Commerce says. Northwestern Pulp and Pow' er Ltd. of Hinton, Alta., and Macmillan-Bloedel Ltd. of Vancouver have until that date to decide if they will go ahead with mill expansion and construction projects. Macmillan-Bloedel is considering a $50-million mill near Whitecourt and Northwestern is studying a $70-millipn expansion plan for its Hinton mill. Chamber officials said Northwestern has tied up forestry leases in the Edson area for 15 years and some of the lands should be opened up to native lumber cutters. The company was "turning the area into des olate sand hills with no con certed effort at reforestration.' The chamber intends to turn its views over to the Alberta Chamber of Commerce for study and possible presentation to the provincial government. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doberty, Roadhcruse and McCuaig) LAST BID OR SALS QMMM Tax column (11:00 a.m. Quotes* oi:00 a.m.