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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 26, 1971, Lethbridge, Alberta March 1971 THE U1HMIDGE HERALD 21 Livestock profit tax cuts urged lethbridge Livestock Fractional rise in stock prices TORONTO CP The To ronto stock market moved frac tionally higher in slow mid morning trading inter rupting two consecutive losing On industrials were up to base metals to and western oils to Golds were unchanged at Volume by 11 was Grain prices Winnipeg Grain Prices WINNIPEG CP There was no marked feature to the market at midsession ot the Winnipeg Grain Exchange to day as prices in all commodi but particularly the oil drifted downward on a light volume of Most trading was in flax and Vancouver rapeseed had a light exporter barley and rye were quiet with prices down Thursdays volume of trade included bushels of of of Van couver rapeseed and of Thunder Bay Midsession prices Flax May 11s lower July lower lower not Rapeseed Vancouver March 5 lower May 2ft lower July 2 lower 28314 IVi lower Rapeseed Thunder Bay April not open June 1 lower lower not Oats May Vt lower July not open unchanged 80V4 not Barley May Vt lower July not open lower not Rye May lower Jly Ts lower low er not Grain quotes Thursday basis High Low Close Flax May 25Ta 25774 Jly 2562 256 Oct 258 Nov 25714 256is 2571s Rapeseed Vancouver Mar 251 225 245 May 300 29614 298i Jly 289 234 2854 Sep 27814 Rapeseed Thunder Bay Apr 2994 296 Jun 294 292 293U Oct 273 27414 27414 Dec 263 Oats May 8314 Jly 81 Oct Dec Barley May 1315s Oct 121 Dec Rye May 116 Jly 109Ts Oct 108 Dec 81 11514 109U VttVt 82 81 130H 12914 121 12214 110 up from at the same time Gains outnumbered losses 129 o 100 with 164 issues un Strongest sectors were real estate and Ten of the exchanges 17 sub groups were Among advancing In ternational Utilities was up 1s to Home A to Aquitaine to Crush In ternational to Interna tional Mogul Vt to and Noble 10 cents to Great Plains rose to Asamera to Pan Ocean to and Great Canadian 011 Sands 10 cents to Among losing Falcon undge was down i to Trans Mountain to Thomson Newspapers 14 to Patino to s and BP Oil and Gas five cents to PRICES RALLY MONTREAL CP Prices jegan to rally today in earlv trading on the Montreal stock market with most sectors show ing on the plus side On industrials dropped to utilities gained to banks climbed to and composite was down to which had hit a new low for 1971 at the close of trad ing advanced to By shares were Highlighting Interna tional Utilities was up SI to Dome Petroleum to Toronto Dominion to and Columbia Cellulose to Up 14 each were Aquitaine to Algoma Steel to and Canadian Vickers to Among declining Fal conbridge was off to Eraser companies to Trans Mountain Oil Pipe Line to National Sea Products to and Montreal Trust to BROAD GAIN NEW YORK AP The stock market punched out broadlybased gain in moder ately active trade The upward move was a con tinuation of the recovery tha blossomed Thursday after four declining Wall Street analysts said it es sentially was a demonstration by investors of their faith in tlie markets The noon Dow Jones average of 30 industrials was ahead at Distillers Seagrams was up at and Genstar WalkerGooderham los to and Canadian Pacifii was down Vt to On the American Stock Ex Jupiter was up s at Ahead li were Scurry Rainbow at and Ca nadian at CALGARY CP On offer to 11 about head mostly replacement cattle and Trade was Slaughter cattle sold in line with closing prices Choice slaughter steers lo good 31 to me dium 29 to Choice heif ers to good to medium 27 to Good cows to medium 20 to canners and cutters 13 to Replacements were mostly yearling steers and heifers ifeeder 29 to 3050 with 1 sales 10 Good stock steer There are 350 head of recakes 35 to Good stock acement cattle on Sales heJer cahes 31 to get under way ai 1 Hogs base price w Day parole program in danger EDMONTON CP Alber tas experimental day parole program for prisoners may be in jeopardy if parolees do not observe the Pro racial Judge Guy Beaudry said Judge Beaudry made the comment durmg sentencing of Joseph to 60 das for being unlawfully at Court was told Clement was released from the Belmont In stitute March 11 to look for work in Edmonton but failed to return at the appointed Clement was serving six months after he was convicted on a charge of theft last De Judge Beaudry said the pro gram was an innovative one and if you dont respect the conditions the whole program may be scuttled or at least He told who will serve the 60 days after com pleting his original that his action could havs spoiled the chances for others to get day OTTAWA CP The governi The chamber said in a brief Tne charnbw sKo the I The dollar ment should reiax the fiscal that economic prospects for the to ree1969 sched was pegged at 92 5 cents in V brakes on the economy by cutearly pan of 1971 are ule o tux until Irs June But the ting both personal income and with strong inventories ireats taxes on chamber said it would not op corporation profits the i to be built and some catch psofiti had to be pose letting the dollar float on Canadian Chamber of COM ing up in industrial plant and date Revertinternational exchange markets merce told the government i equipment expansion following j ing to the former schedule j until 1972 J that is necessary to last years would leaie more money tern1 avoid pegging it at too high a in the hands of corpoi Gordon presiBut to sustain this for another said further impetus needs the country needs more to be given to renewed eco tax Tie chamber said it I nomic expansion to put it on the would prefer this kind of impe selling Siock steer calves around 500 pounds were 50 cents to lower with light weights to stock heifer calves were barely steady with light weights to Good feeder steers more than 750 pounds 31 to less than 750 pounds 33 50 to with sales to Good Controlling interest Dividends By THE CANADIAN PRESS R e i t m a n s Canada common 1214 cents class A 1214 both May recorc April 15 OFFCE OPENING ACCOUNTING AND INCOME TAX RETURNS Peter Huising Accredited Public Accountant 2018 2nd Avenue North Phone 3286973 Phone 3283233 acqmr CALGAHY CP Western Decalta Petroleums an nounced here it has acquired controlling interest in Western and Texas Oil of To The purchase involved 021 common shares and 020 preferred shares at cents The primary asset of West ern and Texas is a per cent interest in a secondary recovery project near Wain Tundra track goes into prod uction CALGARY wide track designed to protect delicate surfaces when cross ed by allterrain vehicles has gone into production for Flex t r a c Nodwell the com pany announced The intended mostly for use in northern oil devel is without the normal which protrudes to increase Vice president Bill Gibson said the tundra track was built specially for a large two rather than With the the pound carrier can turn with out much more than mussing the ground MCINTYRE PORCUPINE MINES COAL DIVISION REQUIRES MINE SURVEYORS Successful applicants Will have a minimum of 12 months experience underground in operating levels and DUTY MECHANICS A minimum of four years experience required to affec tively maintain heavy equipment including 07 and D8 Journeyman status Mechanics must own COAL MINERS Experienced underground coal miners with a minimum of six months HEAVY EQUIPMENT OPERATORS Able to operate all types of rood building and strip mining Excellent employee located near th new town of Grand 90 miles northwest of FOR MORE INFORMATION APPLY TO Roberts Industrial Relation Superintendent Mclntyre Porcupine Mines Box Grande Computer bank for municipal data suggested MONTREAL CP A cen tral computer bank of munici pal information was suggested here by Mayor Ivor Dent ol in a speech to a con ference on information manage ment of the Canadian Federa tion of Majors and Municipali Mayor Dent is president of the Cities such as which ncnv used could benefit each other by sup plying information to a central information bank that all mun icipalities could draw he Such information could assist cities to deal with all the prob lems they now To achieve this would require standardization of many proce something that is desire Mayor Dent said path of sustained growth for economic i tus to a further increase in gov ernment Miscellaneous quotations Montreal Supplied by Roadhouse and McCuaig LAST BID OR SALE a 11 00 a WESTERN OILS Gas 405 2050 urban municipalities plan protest EDMONTON CP Alber tas rural municipalities wil wait until next Wednesday to decide if they will join urban municipalities in a protest of the governments proposed ceil ing on municipal Plans called for both associj ations to ratify a brief opposing the amendment to the munici palities assistance grant April which was to be presented to the The urban association is going ahead with its but the rural association appears to be backing away from the deci sion reached at an earlier meet Ernie Alberta urban municipalities executive said They joined in but now they are giving this second The rural association will hold a regular spring meeting Wednesday when a pre pared by the executive will be presented to the Its up to the delegates to decide if they want to join the Jack man ager of the Alberta Association of Municipal Districts and Counties said Tne brief fiill contain information plus a pol icy the AUMA is moving ahead on the emer gency New man The brief protesting the posed million ceiling on municipal grants is in its final Alta East Almlnex Asamera Oil Can Southern Cdn Exp Gas Ashlaid Grid Cdn Home Cdn Home Pld Cdn Indus Gas Cdn Long Is Cdn Superior Cent Del Rio Charter Chleftan Dome Pete Dynam Pete Total Pele Great Plains Lochlel Mill Clly New Cont North Cdn Oil Numac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner West Decalta MISCELLANEOUS INDUSTRIALS 1700 11 00 I 70 1 1237li 625 76S 89 00 105 675 3375 1 22 7 30 126 111 DO 6 th Hugh Rus Pfd Husky Oil Husky Oil B Huiky Oil War Inter Pro Pipe Inl Ulil Pfd Infer Steel i Jeff Lake Joutel Kaiser Res 1 Pi CP and it could be used for expansion SPRING BVDGET PLANNER The was the chambers usual submission to Fnance Minister Edgar Ben Mr Benson plans a budget this but has nut de cided on the or whether it be coupled with the govern mems proposed sweeping revi sion of the Income Tax Government optimistic OlC I i Ccl Mutual 43 7 05 Cmnw inter 12 95 14 19 j Cmnw Lev 3 34 3 54 Corp Invest e fM Ccrp in St F 5 41 1 Dreyfus F US 12 JO Gr Equity 617 Gr In Shares 339 1162 3 invest Gr Ac 534 5 Mutual Gr F 5 32 5 65 Nat Res 739 803 N W Fin N W Gr Principal Gr Royfund United Ac 16 672 universal Sa 12 50 jemp Gr 8 40 1 04 5 to 3000 1 5d d Yuk ALGARY 3J 75 3J 75 1500 325 550 375 Antlk VANVOUVER 72B 55 Acroll Anac Pete 4 Barons Oil 0 Norfh Cont B 13B7Vi Plains Pete 24 50 West Warner 5 1 68 3 6 25 Rexdafe 1 PIPELINE STOCKS Alia Gas Tr L A 51 Agra Ind Atco Indus Aquataine Brit Nfd Cp Cdn Brew A Cdn Brew B Cdn Hyd Carb Cdn Fac Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oh ids Gt Cdn Oil Sds Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil B 35 Alia Gas Tr L Pfd 75 00 R 62iA Alia Nat Gas 25 CO 5555 Cdn W Nat Gas 1625 Inland Nat Gas 1300 N and C U75 N and C B Pfd 3300 46 w Pacific Gas Tr U 00 Gaz Metro 550 Gas Metro Pfd A 00 Tr Cdn Pipe 32 75 Tr Cdn P Pfd 4400 Tr Cdn P Pfd A 6200 Tr Cdn P War 1053 WC Tr 2425 Western Pacific BO MUTUAL FUNDS Silver Standard AGF Special Texmont All Cdn Com 790 8 S3 Trofan All Cdn Dlvid 9 OS Western Mines All Cdn Vent 3 57 3 f 0 Westcoast Res Amr Gr F 6 08 Western Explor Cdn Invest F 453 5 2B Uflca 1775 950 2600 495 10000 2725 2600 2 10 17 50 4375 5700 tlc Mnlng Atlas Explor Beth Copper Block Bros Brenda B Sugar B C Sugar Pfd Capt Inter Churchill Copper Col Cellulose Corona ton Credit Crestbrook F Ind Croyden Dolly varden Dynasty Fort Reliance Giant Mascot Granisle 1 Key indust Growers B Bathurst Norse Hys Interior Brew Jericho Kamloops Copper Lornex Lylton Mfnerals New Cronln New Imp Mines Okanagan Helicop Hog prices EDMONTON CP Prices o 11 provided by the AJ berta Hog Producers Market Edmonton Quoted to selling average Thursday Calgary Quoted and selling average Thursday Red Deer Quoted and sell average Thursday Toronto industrials Supplied by Richardson Securities of Canada LAST BID OB SALE Quotes MINES Acme 0 Advocate Asfa Quotes i Noranda 3 2 30 505 1750 560 265 2 75 255 900 27 00 6600 Wines tic jtlmes 1 20 1050 550 750 9 50 38 75 Bay MS 3375 Bell idison aeon Silver R L GF Calumet Imperial Palfno Pine Point Placer Exp Quebec Man Rayrock Radiore Rio Algom Roman Silverflelds Sherrlit Gordon Silver Miller Steep RocK 14 Slscoe Tek Texmoni Upper Canada Western Mines Wright Willroy Windfall YellowMilffr Br Zenmac 3 50 INDUSTRIALS 14200 Abltibl Alcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Brazil Trac B Tel Burns Forest BC Sugar CAE ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit Gas Cdn Indust Canada S s Cdn Marconi Cdn Vickers Chrysler CPR Comlnco Cons Bath Cons Gas 11 75 Dist Sea 15 Dom Bridge 24 Domtar Dom Textile 11 12i 34 A2Vt Dom Stores Dome Pete Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid 24 00 31 75 33 25 650 1 75 2050 250 1 74 550 72 1 1 55 1 10 535 365 1 62 925 3400 330 1 60 950 13325 19 Eri Hlrem Walk Imperial Oil Imperial Tob Int Nickel Jnf Pipe Inv Gp A Int Utilities Indust Accept LaurenNde Kelly Doug A Loeb Lohlaw A Mefro Stores Massey Ferg McMillan Bloo Moore Corp Motsons A 6 Molsons B 23 62Va Cent Pembina Pp Power Corp 7 37A Price Co 43 50 Rothmans 17 st Law Corp Shell CDA 11 50 Simpsons Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Weslpel Union Car Westons B Woodwards A West Cdn Sd Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal TorDom 11 8800 2500 975 650 84 DO 1812i 21 14 50 2 65 iJ The chamber mended reduction cent sales tax on rials at a schedul il to private job training for tl and further tax rru ment in The govemmeii phasize in its countrys need f the b said the by the view ol public officials li should buy back back foreignown 1 The work towards nadian dollar its present level EDMONTON CP The government is optimistic that a large deposit of lowgrade iron ore in the Clear Hills area of i hern Alberta will lj be Buss Pat minister of mines and said in the legisla lieplying to Don Getty Mr Patrick la process to upgrade the has been developed by the erta Research Council but V company involved in the ject has run into financial uculty aad noiv is in re civership 1 But I am optimistic that i will be forthcoming in a months for the company to he he primary problem was ling maikets for the high steel that could be man ctured from the ore de iv located north of Wors 300 miles northwest of Ed mton financial and technical arc not insurmount Patrick and the npany should soon be in a i ition to resume the search markets which will lead to c instruction of a smelter in Al lie said that eventually a igescale with an in stment of about SlOO II be built but it wont be i a few 111Potato futures Copper company in oil field WINNIPEG CP The Mari fine potato futures market i ursday was mostly Open High Low Close iy 2 75 VANCOUVER lehcm Copper O entered the o business with of a 55 per cent m I 2J i Oils of Cal 24 50 IB 50 435 575 HDD 1 35 11 SO 1275 3200 3M 2900 6500 2350 9H 1950 5275 2200 1400 1525 37 CO 2087i 1755 44 87 2775 850 16 850 5 377 455 562i 3425 1075 2600 H75 1600 1650 3050 4S5 800 13 50 19 00 34 75 1950 2400 27 1750 3050 1175 2225 3275 15 62 1 4200 325 9 87 2 1615 1950 21 00 35 1 35 J175 14 573 2475 25 37 saii ment would approximately ploration piirpot Fno is in the fn threeyear Can Petroleum io n owned subsidiai P I Natural Gas Co Dollar Value MONTREAL CP dol irr in terms of Oanatiian funds as up 132 to Pound erling was up 116 to NEW YORK Bar down 3M at 99 932 in rms of Pound ster i g unchanged at PRINCIPAL SOURCE Canadas principal S07UCC of lead is the Sullivan mine at I B Lethbridge No sales Average Thursday Lloydminster No sales to Average Thursday i Grande Prairie No sales to day or Total hogs sold 216 to 11 a m Thursday Provincial av erage 13 Netv York stocks Supplied by Securities ol Canadt Amr T and T nWfi Montgomery Ward 3800 30 Golds 19324 up Anaconda 1 B7Vi Sears 838714 10 Base Met oil 03 Belh Slael 21 W SU Oil of IS W Oils 09 07 up Chrysler 2700 Gulf 120 j Volume Comsat 12 M Texas Co 3575 NEW YORK AVERAGES Dunont 139 fO Woolwortn JO CO 30 Indusl up 363 Elec 20 Rails up I Gulf 29 U S Steel 3325 15 Utilities 123 72 up 03 Int Harvester 3025 TORONTO AVERAGES 65 Stocks 29659 up Kenn Copper 37 25 20 Indust off 15 Volume Beef f n WINNIPE Cl only a light traf the Winnipeg TTP market May Jlv Open I 3250 31 00 i FOR RENT IDEAL DOWNTOWN LOCATION 5th and 4th Aw S Suite or Phone 3275301 SHOPPING CENTRE NOW COMPLETED offers opportunities for selected Furniture and Mens and Ladies Dry Flower Grocery and and ber of variety The centre has a number of prime national This Shopping Centre is o cafed in a new billion dollar coal mining and forestry in dustry captital The Ciry of B which now duslry capital Tha City Enquiries to IUCAYA DEVELOPMENT 425 510 6885939 SAVE TOP 60 ON MUFFLER REPLACEMENTS WE HAVE A MUFFLUR FOR MOST CARS FREE INSTALLATION 10 MINUTE INSTALLATION LIFETIME GUARANTEED MUFFLERS FREE INSPECTION AND ESTIMATES All AT IIMUTB UFFLEO INSTALLATIONS Phone 3288134 509 6lh Avenue South Get in and GO COOT AUTERRAIN VEHICLES v Just name the conditions rocky lake country and COOT will get you through Great for hunt fishing or just sports Industrial advantages Action fourwheel drive and ar ticulatmg sturdy steel twist action Just get in and go CONTACT CANADAS EXCLUSIVE DISTRIBUTOR A Division of Ace Explosives HOME OFFICE 6026 5th STREET CALGARY PHONE 2528156 AREA CODE 403 Pleaso Indicate In reply Dealer1 or Personal ATTENTION FARMERS mm GRAIN IS NOW CONTRACTING Rape Seed And Mustard Seed DELIVERY OF YOUR CROP FROM THE FULL CASH PAYMENT ON DELIVERY TO LETHBRIDGE OR MILK Certified planting seed supplied ot o nominal Can be purchased on an over delivery quota basis ot your LIMITED ACREAGE Call Our Office Immediately In MILK RIVER6473510 OR In IETHBRIDGE at COLLEGE MALL 3286224 ft ;