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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - May 28, 1971, Lethbridge, Alberta in sixi;ss �v i i\a\ri: Weaker trend at mid-morning TORONTO (CP) - Prices were fractionally lower in light mid-morning trading on the Toronto stock market today. On index, industrials dropped .04 to 178.21 and golds .26 to 179.99. Base metals rose .48 to 93.53 and western oils .84 to 207.75. Volume at 11 a.m. was 474,000 shares, up from 400,000 at the tame time Thursday. Advances edged declines 103 to 89 with 157 issues unchanged. Weakest sectors were beverages, real estate, trust and loan and communication. Banking, food processing and utility issues moved fractionally higher. Alberta Gas Trunk lost % to $47%, Shell Canada Yt to $35V�, TransCanada Pipelines V* to S33V4, MacMillan-Bloedel Vt to $23% and Newfoundland Light and Power % to $10. Sherritt was down % to $16V4, Atco % to tJVt, Power Corp. % to $5% and Royal Trust Vt to $32. Bell rose % to $4614, International Utilities % to $43%, Northgate 55 cents to $9.20, Akan Y* to $23%, Noranda V* to $33% and Canadian Superior Oil ft to $43%. Murphy Oil gained % to $12%, Aquitaine % to $25%, and Hudson's Bay Oil and Gas Va to CAUTIOUS TRADE MONTREAL (CP) - Prices edged lower in cautious trading on the Montreal stock market today. On index, industrials were off .14 to 177.05, the composite .09 to 174.48 and papers .36 to 79.90. Utilities were up .05 to 149.99 and banks were unchanged at 197.59. Combined volume on the Montreal and Canadian Stock ByQene Fawcetf FRBDIOTON*. CLOTHING INTHE NEXT CENTURY WILL COME OUT| OF AN AEROSOL CAN. THIS IS ONE OF THE EYE-POPPING LIFE' 1N-THE-FUTURE IDEAS BEING OEVELOPEP AT HZ, WHERE THEY FORESEE SPRAY-ON SUITS OFVARIOUS COLORS AND TEXTURES, PflOBABLYVVORN UNDER A THIN OUTER GOWN... i maximum 2know -w/awmiatymfr/' far fwiaVar Infarmarlan awU taimpW. aalf-arfdraaiad anvalapa ta NlWf  1dm Wlda, 245 St. Jam.. Straat MaMraal 136, Canada. FOR RENT PREMISES formtrly occupied by �AKER'S APPLIANCES 319 7th Straat S. Apprex. 2600 iq. ft. Available July 1st Apply- McKIUOP AGENCIES Prion* 327-7464 Exchanges �t 11 a.m. was 656,300 compared with 461,500 at the same time Thursday. CAR Industries was unchanged at $4.50 following announcement of net earnings of $1.04 million or 47 cents a share in the year ended March 31, compared with a loss of $68,776 or five cents last year. Cooper of Canada lost $1 to $9%, Argus Corp. $3 to $12% and Shell Canada % to $35%. International Utilities rose % to $43. DRIFT LOWER NEW YORK (AP) - Stock market prices drifted marginally lower in today's slow trading as investors pulled back before the three-day Memorial Day holiday weekend. The noon Dow Jones average of 30 industrial stocks was off 0.14 to 905.64. The noon Associated Press 60-stock average was down .6 yo 316.9. New York Stock Exchange prices included Memorex, off 4% at $46%; Teledyne, up % at $27%; IBM, off 8 at $326; end American Standard, up % at $24%. Dome Mines rose a point to $67% and International Nickel was up % at $37%. Walker-Gooderham was off % at $37. Scurry Rainbow Oil and Bras-can Ltd., were each up % on the American Stock Exchange, to $197/b and $17%, respectively. Molybdenite Canada was off % at $3.25. No boost yet in car prices TORONTO (CP) - Spokes-men for Canadian subsidiaries of two Japanese car manufacturers indicated here that a planned increase in prices in the United States will not likely be duplicated in Canada. Toyota Motor Co. and Nissan Motor Co. said in Tokyo they were taking the action in the U.S. to slow down a sharp increase in American imports of Japanese cars. Toyota said the price increases would be enforced from September. Rector DupuJs, sales manager for Canadian Motor Industries which handles Toyota rales in Canada, said no increases are planned for Canadian imports, at least "not for the time being." He added, however, that "the matter is under study." Hiraka Mild, vice-president and general manager of Nissan Auto Co. Canada Ltd., said the U.S. action "bears no relationship to the Canadian situation." Banff residents face tax hike BANFF (CP) - Residents in this national parks community face an average increase of $10 to $15 in their 1971 tax rate following approval this week of a record $523,924 budget by the Banff School Board. The budget, representing a boost of $43,276 from 1970, calls for a 3%-mill increase for school purposes, and pushed the education rate to 30 mills. 3M COMPANY APPOINTMENTS MR. C. M. VAN VtlET MR. R. Y. SHIGfMI Mr. W. R. Gibion, Calgary, Solos Suptrvltor Southern Alborta, Buiinau Communicottoni Division 3M Company announces the appointment of Mr. C. M. (Keet) Von Vliet at Sales Representative for lethbrldge. Mr. Van Vliet will be responsible for sales and supplies for 3M Automatic Photocopy Products, Visual Communications Systems and Wollentalc Recorders. Mr. R. Y. (Ron) Shigeml Is appointed Service Representative for lethbrldge. Mr. Van Vliet and Mr. Shlgemi can be contacted by phoning 328-7844 lethbrldge, or by writing 1277 3rd Avenue South, lethbrldge. Alberta. Grain prices Winniptg Grain WINNIPEG (CP) - Trading was light in all commodities except barley with prices on an easier pattern at mid-session on the Winnipeg Grain Exchange today. Barley had good domestic shipper trade. Flax had mostly local and commission bouse trade with some exporter buying on a scale-down pattern. Rye was on a weaker price pattern with mostly inter-month spreading. Rapeseed showed local and commission house interest with some inter-month spreading. Thursday's volume of trade was 874,000 bushels of rye, 2,-499,000 of rapeseed and 903,000 of rye. Export loadings of Canadian wheat included 649,057 bushels to the United Kingdom. Prcdes for class two wheat for export to countries outside IGA: 1 Nor 1.73%; 2 1.71%; 3 1.66%; 4 1.63%; 1 Durum 1.73%; 2 1.70 %; 3 1.61%; 4 1.57%; IGA prices: 1 Nor 1.73%; 2 1.71%; 3 1.66%; 4 1.63%; 1 Durum 1.73%; 2 1.70%; 3 1.61%; 4 1.57%. High Low Close .. Flax May 247% 247 247 Jly 250% 249% 249% Oct 253% 252 252 Nov 251 Rapeseed Vancouver May 283% 276% 278 Jly 283% 279% 279% Sep 277% 273% 273% Nov 265% 261 261% Rapeseed Thunder Bay Jim 284% 279 279 Oct' 272% 269% Dec - 256% Oats May 76 Jly 75% Oct 75% Dee 75% .75% 75% Barley May 120 Jly 119% 119% 119% Oct 114% 113% 114 Dec 113 Rye May 111% Jly 110% 108 108% Oct 108% 106% 106% Dec 106% Ryan rapped in Quebec campaign CHAMBLY, Que. (CP) - Jean Marchand, minister of regional economic expansion, Thursday night called Claude Ryan, editor of Montreal Le Devoir, a "quasi-separatist" and accused him of using his newspaper for partisan politics. Mr. Marchand told a Liberal party meeting that a Le Devoir editorial Thursday signed by Mr. Ryan reflects his "deep motivation during the last few years to do everything against Mr. Trudeau." The meeting, attended by about 150 persons, was held in support of Yvon L'Heureux, Liberal candidate in next Monday's federal byelection in Chambly riding. "When one is an editorialist with Le Devoir ... one does not transpose one's own personal sentiments on the political scene in that way," the minister said. "I find that indecent and absolutely unacceptable." The editorial to which Mr. Marchand was referring said a massive Liberal vote in the byelections in Chambly and Trois-Rivieres would be illogical because it would "lead the rest of the country to believe Que-becers digested without malaise the War Measures Act and the increase in unemployment." VOTE IN 4 BYELECTIONS Mr. Marchand said those who vote Liberal on Monday will be showing they are not in agreement with those trying to destroy the country. Byelections will also be held Monday in the Nova Scotia riding of Central Nova and the Ontario riding of Brantford. Mr. Marchand said Mr. Ryan was not intellectually dishonest but he did misuse his position in presenting partisan politics. The Le Devoir editor is flirting with the New Democratic Party and the separatist Parti Quebecois, Mr. Marchand said. It would be more honest to act in such a way if he stated that his newspaper is a separatist journal. Hog sale EDMONTON (CP) - Average prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton no sales, Thursday 19.77; Red Deer 20.05, Thursday 19.78; Calgary 19.55, Thursday 19.96; Lethbridge 19.65, Thirsday 19.90; Lloyd-ministor no sales, Thursday 19.42. Total hogs sold 865 Thursday, average 19.80. Sows average 13.70. Miscellaneous quotations Vancouver, Calgary. Montreal (Supplied by Doherty, Roadbouse and McCuaig) LAST BID OR SALE lllios a.m. Ou0ttf> nun a.m. awMt> lllsoo a.m. CHmmh Prldoy, May 21, 1*71 - TH1 IfTHBRIDOl HRAID - at WISTIRN OILS Almlntx Alta East Ois Asamera Ashland Oil Oat P. B. oil Oat Cdn Southern cdn Export Oai Cdn Homestead Cdn Home Pfd Cdn Indus Oat Cdn Long It. Cdn Superior Central Dal Rio charter Chlaftan Dome Pete Dynaml.c Pate Great Plains Lochlel Explor Mill City North Cdn Oil Numac Pernio Petrol Plnnacw Place Gat Ponder Rangtr Scurry Rain. Spooner Total Petrol Western Decal MlfCILLANIOUS INDUSTRIES 9.39 S.2S 11.50 *.7S a.M 470 3.45 7.00 ?0.�2ti .57 41.M 12.1214 6.1S 6.90 1.75 1.04 31.62'A US 1.83 6.20 7.90 .64 1 12 .62 1.42 .41 15.621* 20.00 1.80 7.00 5.80 Husky Oil B Husky Oil War Inter Prov Pipe Infl Utilities Jefferson Joutal Keller Kern Kotla Lake Ont Pert M.o.P. Manage Mentor Neweonex Pacific Pate Rank Organ Selkirk Hold Shall Cdn Shall Inv Pfd Shan Inv Wis sicks Rainier Teledyne West Cdn Seed Whltepase Yuk CALOARY Acroll Anaconda Barons oil North Cnot Madison West Warner MONTRSAL Unlean Secur PIPRLIN1 STOCKS Alta Oat Tr L A 47.50 Alta Oat Tr L Pfd 75 00 44.12Vs 7.30 11.71 7.25 10.50 .75 150 & 2.30 ,5 5.55 21.371* 21.00 13.25 35.00 33.37V� 15.62'A 2.75 S.12V4 4.55 13.25 Corp Invest 5.54 5 *4 Corp In St P 5.07 5.54 Dreyfus P U.S. 12.45 13.64 Gr Equity 4.20 4.11 Gr In Shiret 3.55 3.91 Invett Gr F 10.8? 11.91 Invest Mutual Mutual Ac Mutual Or P Nat Ret N W Fin N W Or Principal Or Royfund Tamp Or United Gr Universal Sav VANCOUVER 5.30 S.I0 5.35 5 (8 5.43 5.97 7.34 1.02 4.47 3.07 5.47 4.01 4.15 4.56 3.54 5.74 24.10 21.52 4.74 5 23 7.23 7.97 Brokerage firms take it on chin .95 .52 .07 .'02'A .32 .44 3.03 Agra Indus Atco Indut Aquatalne British Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gf. oil Sands Gt. Cdn Oil 4-75 Home Oil A Home Oil B Home Pltfld Hudson Bay Co Hudson Bay Oil Hudson Oil Pfd Hugh Russell Husky Oil a.u 7.42Vfc 25.50 5.87'A 29.12V4 37.00 14.00 21.4214 11.00 27.00 4.75 5.75 17.00 4.'20 100.00 29.871/4 29.50 2.1S 14.87'A 44.25 54.00 20.00 15.25 24.00 14.87'A 12.25 14.00 13.75 Pfd 32.50 4.00 Alta Nat Gat Cdn W Nat Gat Inland Nat Gat N and c Pacific Gat Tr N and c B Gai Metro Gat Metro Pfd A 44.00 Tr Cdn P 33.25 Tr Cdn P Pfd B 41.75 Tr Cdn P Pfd A 64.50 Tr P Cdn War 9.50 WC Trans 25.25 Western Pacific 4.00 MUTUAL FUNDS AGF Special All Cdn Com All Cdn Dlvld All Cdn Vent Amr Gr F Cdn Invest P Col Mutual Cmnw infer Cmnw Lev 2.88 (.08 8 83 9.21 10.06 3.41 3.94 5.74 4.30 4.47 4.90 4.30 4.91 13.48 14.77 3.56 3.90 Anuk Arctic Mining Attat (Explor Beth Norse Beth Copper Blpck Brot Brenda B.C. Sugar B c. Sugar Capt Inter Churchill Copper Col Cellulose Coronation Credit Crestrook F Ind Croyden Dolly Vardtn Dynasty Fort Reliance Giant Mascot Granlsle Growers B Key Indust Hys Interior Brew Inter Mariner Kamloops Copper Lornex Lytton Minerals New Imp Mines Okanagan Hellcop Plains Pete Primer Pyramid Silver Standard Taxmonf Tro|an Western Mines WC Res Western Explor Utlca .24 .11 .36 2.32 16.50 4.15 7.95 19.50 Pfd 15.75 7.23 1.30 4.50 1.45 5.00 .23 .32 6.40 .54 4.15 11.62 V* 2.75 .24 2.05 5.00 .95 .12 8.75 1.88 99 S.25 .30 .14 .41 V> 1.58 .69 .28 3.25 .12'A .18 �SO Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) ni:00 e.m. Quotes) MINES Acme Advocate Asb. Akaltcho Black Bay Bralornt Broulan Bethlehem Brunswick Canada Tung. Casslar Central Pat. Chlmo Conwest Cons. Rambler Coin Lake Cochenour Cralgmonf Dickenson Mines Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartlc East Sullivan Falconbrldge Frobex First Maritime! Giant Y K. Bovls Granduc Headway R.L. Holllnger Hudson Bay M-S Hydra Ex. Iron Bay I so Jollet Quebec Kedr Addison Key Anacon Labrador Lake Shore Langls Silver Madsen R.L. Malartlc G.F Martin McNeely Maybrun Maclntyre Meta AAldrlm Intern Mogul New West Home New Athona New Calumet New Imperial Nc. ar:'3 i.m. Northgate 06V4 Norlex 2-23 Opemlska 43 osfsko �04 Patlno '�J! Pine Point t Placer Dev. 1437'A p.c Exp. 5.55 Quebec Man Rayrock 22 00 Rad/ore f40 Rio Algom �40 Roman Corp. i� sherdltt Gordon 1.63 silver Miller IS Steep Rock *l Sltcoa j-5S Tek Corp. .IS Texmont 28 00 upper Canada M Wright Har. �*�*> willroy 13 Windfall JM Yellowknlfe Br. '�� Zenmac !�.3 Ab,,.b,.NDU,T,,MU ?2 Alcan H2 A'0�T Steel 9.25 Atco Ind 1� SuW 705 Bell Tel �00 Brazil Trac B.C. Tel 20.62V4 Burns M'/i B.C. Fores* 3-35 B.C. sugar 1-S8 CAE Ind 20 cdn Brew Chamcell 30V4 col Cellulose 39.30 cal Power ?� Conor Credit 17 C.W.N. Gai �6 cdn Indust 70 Canada S S 9-50 Cdn Marconi ,�.� Cdn Vlcken 124.00 Chrysler 13 CPR .24 Comlnco ��ns Bam S-62!4 Cons Gas �14 Dlst Sea .221* Dom Bridge , ,H Domtar 33.75 Dom Textile (11:00 e.m 9.15 Dom Stores .471/a Dome Pete 10.75 Dofasco .27 CAB 10 25 Fd of Amtr 30.50 Gt Cdn Oil 32 7S Gen Motors n� Gt Lakes Pap Gulf Oil Cda 135 Greyhound '29- Hawker Sid It'oo Huron, Erie 745 imperial Oil 16M Imperial Tob 1 07V� InfNIckel 2.38 int Pll�A 1.70 Inv Gp A 425 tnt Utllltlet 6B Indust Accept l'5A Laurentlde 3.20 Kelly Doug A lias Loeb 1 0i Loblaw A 13 Metro Stores Von Massey Ferguson ,oiA McMillan Bloe Moor Corp Anvh Molsons A 23 50 Molsons B 725 Power Corp 7.00 Prica Co 44 37'A Rothmans 17 jo St Law Corp J5;25 Shell CDA v> jS Simpson's i�: