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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 15, 1971, Lethbridge, Alberta Stronger trend at mid-morning New price tags for Ford models TORONTO (CP) A minor rally early in the session pushed prices in most sectors of the Toronto stock market fraction- ally higher in light mid-morning trading today. The industrial index climbed .36 to 161.fill and western oils .57 to 193.50. Golds were down 1.45 to 141.94 and base metals .26 to 70.30. Volume by 11 a.m. was shares, up from at the same time Friday. The Ontario .Securities Com- mission and the Toronto Stock Exchange have halted trading in all the shares of Supertest Petroleum Corp. Ltd. and Gen- eral Products Manufacturing Corp. Ltd. to enable "proper Combined volume on the Montreal and Canadian stock e x c hange s at 11 a.m. was shares compared with at the same time Friday. Highlighting losses, Texaco Canada was off to Bor- der Chemical to and Pa- cific Petroleum to Husky Oil was up SA to Walker-Gooderham Si to Petrofina Candda to Imperial Oil to and As- bestos Corp. to NEW YORK (AP Stock market prices lost early modest pains in today's moderate trad- ing. The noon Dow Jones average of 30 indastrials dipped .66 to dissemination of disclosure to j 812.28. Earlier it was up more be made." than two points. Friday. Supertest common closed at Supertest ordinary S52'i, General Products A and General Products B Strongest of the industrial in- dex's 17 sub-groups was mining. Other advancing sectors were food processing, oil refining, general manufacturing and util- ities. 86 ISSUES DROP Advances led declines by a small margin on the New York Steel; Exchange. Brokers said investors were still bogged down because of doubt about whether Phase Two economic policies would work to stem inflation and whether Phase Two would receive the continued support of labor. The Associated Press 60-stock Declines outnumbered ad- i average gained .2 to 301.4, vances 86 to 76 with 120 issues unchanged. Husky Oil was up to sifili, Inco to Imperial Oil to Beaver Lumber to S14, CP Ltd. "s to S1178 and Hudson Bay Mining 's to S17U. Numac gained ]s to SHU, Ca- nadian Breweries l's to SGU, Grafton Group 's to SI9, fina ri to and Toronto Do- minion Bank :'s to Aquitaine dropped r-s to i Shell Canada '4 to .Mac-! industrials up .5, rails up .1, and utilities unchanged. Metals and electronics were higher. Steels were lower. AH other stock categories were mixed. Noon prices on the big board included Natomas off at First National City up to Bausch and Lomb off 2'.i at Gulf Oil off at and Boise Cascade up H at Millan Bloedel 'i to 522'i. Cal- garj1 Power >t to and Sherritt 'j to MONTREAL (CP1 Prices American Stock Exchange prices included Husky Oil, up I7s'at Mobile Home up 1 at Teleprompter off at Imperial Oil up 14 at and Ozark up Vz at were mixed in light trading on Among C a n a d i a n s on the the Montreal stock market NYSE, Mclntyre Porcupine was and Dome at Canadian today. down 1 to_ On index, industrials were up Mines lost .43 to 164.48 and the composite .21 to 164.95 while utilities fell! b01'1 .35 to 143.53. banks .5 to 203.98 and papers .32 to 67.91. ----srv 53 73 OIL POLLUTION CFTHE OCEANS IS MORE PERILOUS THAW WE THOUGHT. RESEARCH AT VVOOCS HOLE OCEW3- GRAPHIC INSTITUTION SHOWS PETROLEIW INTERFERES WITH THE AQUATIC ORGANISMS IN SEX AND FOOD ATTRACTIONS AND RECOC-NITiCN OF FRKATCRS... 'WHOLE Pacific and International Nickel were up Js at and respectively. On tlie Amex, Canadian Jav- elin gained can Ltd. lost at SlO'.a and Bras- i to DETROIT (AP) The Ford Motor Co. has raised UK prices of its Pinto and Capri models, ending the era of the U.S. sub- compact car will) a price tag of less than Increases on the Pinto line av- erage J94. while the German- built Capri will be up The price boosts have government approval. The new price tags put the basic Pinto at compared with for Hie Chevrolet Vega and for American G: rain prices Winnipeg Grain WINNIPEG (CP) Rape- seed prices fluctuated fraction- ally iii active trade at mid-ses- sion on I In- Winnipeg Grain Ex- change today. Trading in that commodity was mostly by international houses v.ith1 limited exporter buying. Other commodities moved slightly in a quiet, featureless trade Volume of trade Friday was bushels of flax, 000 of rapeseed and of rye. MID-SESSION Flax: Nov. 2 lower Dec. ?s lower 2.32'sA; May H lower 2.40'iA; July lower 2.43'.iA. Rapeseed Vancouver: Nov. higher Jan. Vs high- er March higher June 'ii lower 2.58B. Rapeseed Thunder Bay: Dec. !'4 lower 2.46B; May un- changed July 1 lower 2.511.1A. Oats: Dee. 'i higher 60'a; May unchanged July un- changed Barley: Dec. ss higher l.OSVi: May Hi higher l.OS'UB; July U higher 1.0634B. Rye: Doc. higher 937sB; May higher July un- changed Motors' Gremlin, the other sub- compact firms. cars built by U.S. The suggested list price for Volkswagen's best-seller, the Super Beetle, is A Ford spokesman said Satur- day that price increases for the rest of the Ford line are in the offing. General Motors, Chrysler and American Motors are expected to follow suit. A Ford of Canada spokesman said Sunday he knew of no in- creases in Canadian prices of its Pinto, which is assembled at St. Thomas, Ont., but he did not rule out the possibility of such an increase. The company raised1 the prices for the Capri and (lie English-built Cortijia last Tuesday. Ford announced a in- crease on the two Pinto models last July just before the 1972 models were to make their debut, but that price was rolled back at the time of the govern- ment price freeze Aug 15. Ford went to the Cost of Liv- ing Council and asked for per- Livestock report Lethbridge Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m., about 800 head; mostly slaughter steers and cows. Trade was active. Slaughter steers were fully steady; heifers steady with no strictly choice kinds offered; cows were mainly medium and caimer kinds at steady prices; a few bulls sold steady. Choice slaughter steers 33 to 33.40, good 31.75 to 32.75, medi- um 30.50 to 31.50. Good to choice heifers 30.23 to 31.60, medium 29 to 30. Good cows 19.75 to 20.75, medium 18.25 to 19.50. canners and cutters 16 to 18. Good bulls 22.50 to 23.60. Replacement cattle were mostly stock calves of medium quality at steady prices. Replacement steers more than 750 pounds 31.50 to 34. Medium stock steer calves 36 to 42, depending on weight. Good stock heifer calves 31 to 34. Hogs base price 24.40. mission to raise Pinto prices, contending that the firm had made substantial sales prior to Aug. 15 as required under the Office of Emergency Prepared- ness guidelines. The council agreed and granted Ford price relief on the Pinto line. The Capri, built by Ford of Germany, will now carry a list price of "The Capri price is being in- creased to offset part of the ef- fect of the change in value of Uie German Ford said. It was tlie second boost this month, or Capri. The last price increase was S100 on Nov. 1. Ford emphasized that it ap- plied for and received govern- ment approval of the Pinto and Capri price changes before guidelines issued by the Cost of Living Council last week which arc aimed at keeping post- freeze price increases to 2.5 per cent or less n, w, mi uummet HWAIO 21 Westbank final payment made Thomson firm plant damaged BELFAST (Router) A bomb explosion here exten- sively damaged a p r i n t i ng works in this Northern Ireland city owned by Lord Thomson of Fleet. Seven armed men raided the building and held the manager at gunpoint while they planted a 50-pound gelignite bomb. Tile blast knocked down a large pail of the building and set fire to the remaining struc- ture. A police spokesman said it was miraculous no one was in- jured. Workers were just begin- ning to arrive when the bomb went off. U.S. stock market in tailspiii NEW YORK (AP) "It's al- most too discouraging to talk a market analyst sighed the other day as the Dow Jones industrial average skidded to a new 1971 closing low. The remark typified the re- sponse of many Wall S'a-eet ob- servers to tlie dismal perform- ance of the stock market last week. The market's tailspin was not caused by news developments, but appeared to be the result of (Cp> Aver- i continuing investor uncertain- Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhonse and McCuaig) LAST BID OR SALE prices l EDMONTON age prices to 11 a.m. provided ties about Phase Two of Presi- by the Alberta Hog Producers Markeling Board: Edmonton: 24.80, average Friday 24.86................ Red Deer: average Friday, 24.92. Calgary: 24.40, average Friday, 24.91. Lethbridge: No sales, aver- age Friday, 24.53. Lloydminster No sales, av- erage Friday 24.22. Total hogs sold Total hogs sold Friday 6.992. Aver- age 24.85. Sows average 13.35. TIP FROM THIEVES SAO PAULO, Brazil (AP) Tasi driver Vitor Vilella, 30, ssid thieves held him up and stole his day's earnings and his car, but left him a dollar to lake a cab back to the centre of town. PRINCIPAL WANTED THE EDMONTON CATHOLIC SCHOOL DISTRICT Invites applications for the Principalship of the propos- ed J. H. Pi card High School to be opened in September, 1972. This school will offer a bilingual (English-French) pro- gram to approximately six hundred students enrolled in Grades VII to XII inclusive. The successful applicant must possess or qualify for an Alberta Teaching Certificate and have the necessary administrative experience, training and leadership qualities for a school of ihis type. To opply, wrile to: H. M. MACDONALD, Staffing Officer Edmonton Catholic School District 9807 106 Street .EDMONTON 14, Alberta dent Nixon's economic pro- gram. The small investor was stay- ing out of the market, leading one major brokerage house to refer to "a buyers' strike." Early in the week the market was soft, but the Dow Jones av- erage of 30 industrial stocks I plummeted nearly 19 points 1 Wednesday and the blue-chip in- dicator turned in an almost identical performance the next day. At the close Dow industrial down to 314.91, its level since Dec, 3, 1970, and nearly 135 points below its 1971 high close of 950.82 recorded April 28. The market appeared to be headed for another big loss Fri- day, but selective buying bol- stered prices and the market finished the day only narrowly lower. a.m. Quotes) WESTERN OILS a.m. Quotes) Oil Alat East Gas AEamera Ashalnd BP Oil Ges Can South Cdn Ex Gas Cdn Homestd Cdn Home Pfd Cdn Ind Ga Cdn Long Cdn Super Cen Del Rio aq Charier Chleftan Dome Dynamic Pe'a Gl Plains Gt Cdn Oil Loehle! Mill City New Cont North Cdn OH Numac Pan Oceen Permo Petrol Pinnacle Gas Ponder Ranaer Scurry Rain Spooner Seibens Total Ulster West Decaffs West Pete a.m. Quotes) Hud Bay Oil 5.05 Hud Bay Oil Pfd 5.60 Hugh Russell 13.62Vi Husky Oil 9.65 Husky Oil B Husky Oii War Inter Prcv Pipe 3.15 Inter Prcv Steel 7.50 Kaiser Res 14.25 Lake Dufault 8.75 MGF AAanace .52 Pacific Pete 36.00 Slck's U.75 5.10 West Cdn Seed fi.W White Yukon 26.00 CALGARY .90 ACTOll 28.6214 Barons Oil 4.75 Madison Ui North Cont 1.70 West Warner .54 PIPELINE STOCKS 4.BS Alta Gas Tr L A 47.50 11.13'A Alta Gas Tr Y Pfd 77.50 990 Alta Nat Gas 21.00 .34 Inland Nat Gas 12.CO 1.27 N and C Gas 13.50 42 N and C B Pfd 27.50 1 07 Pacific Gas Tr 12.75 .47 Gaz Metro 5.12V: Pyramid 11.12W Gar Metro Pfd A 66.25 Silver Standard 51.75 1875 16.55 N W Gr 6.25 Principal Gr 11.00 Royfund 7.00 Temp Gr Unifed Ac 10.37Vz Universal S8V 1.75 Vanguard 27.50 VANCOUVER 737'i MINE 3.90 Anuk 4.55 Arctic Mining 8.12V2 Atlas Explor Bafh Norse ,AQ Brcnda Churchill Copper .16 Croyden .02 Dankoe Dolly Vsrden Dynasty Fort Reliance Ginnt Mascot Granisle Kamiocps Copper Lornex Lytton Minerals Prime 4.B6 5.3-i 4.61 5.07 6.12 6.69 c.18 459 5.05 5.55 3.68 4.04 5.12 5.33 5.20 J.53 6.67 7.33 9.19 10.07 million expansion for pipeline i TORONTO (CP) Trans- Canada Pipe Lines Ltd. of To- ronto plans a three-year expan- sion program that will cost million, chairman James W. Kerr told a service club Friday. I He said that is equivalent lo money spent on the company's cress-Canada natural gas pipe- line system since 1958. Mr. Ken- also said Trans-Can- ada has been stjdving for a year routes for a big pipeline system to carry gas from off- shore finds on the eastern At- lantic seaboard. Finds have been made on Sable Island by Mobil Oil Can- ada Ltd. of Calgary and it has been estimated that 20 per cent of Canada's potential reserve are in this area. "An abundant, source of gas connected to the present eastern termiurns of the Trans-Canada system at Montreal would cer- tainly be a most favorable de- velopment for the gas business in Eastern Canada." 3.55 .-12 .28 .96 8.30 6.10 1.30 6.65 8.25 3J.OO Tr Cdn P Pfd B Trojan Tr'Cdn P Ptd A 64.75 Valey Copper Tr Cdn P War 5.23 WC Res WC Trans 23.75 IDUSTRIALS MUTUAL FUNDS Block Bros MISCELLANEOUS INDUSTRIES Arquatalne Cdn Brew A Cdn Brew B Cdn Pacific Inv Crcwsnest Inl Cygnt's A Cygnus B Genslar Home B Hud Bay Co All Cdn Com 7.67 3.33 B.C. Sugar Al Cdn Dlvld 8.62 B.C. Sugar Pfd All Cdn Vent 3.41 3.73 Capf Inter Amr Gr F 5.61 6.16 Crest For I net 23.50 AGF Special 2.61 Growers B 5-00 Cdn Invest r 4.30 4.72 Key Indus! 29.DO Col Mutual 6.12 Hys 3J.25 Cmnw Inter 11.95 13.13 Interior Brew 22.25 Cmnw Lev 2.99 3.19 Inter Mariner 2J.50 corp Invest 5.02 S.A9 Okanagan Hellcop 5-25 Corp In St F 4.58 5.00 Pacific Air 5.50 Dreyfus F U.S. 11.21 12.28 Stampede Intl Re 11.00 Gr In Snares 3.10 OILS 28.00 Gr Equity 5.62 Albany Oils 2B.87Vi Invest Gr F 10.12 11.01 Plains Pete 16.25 Invest Mutual 4.99 W Explor 2.75 16. DO 6.50 2.95 3.75 .22 Toronto mines., industrials (Supplied By Richardson Secnrities of Canada) LAST BID OR SALE a.m. Quotes) a.m. a.m. QuofsO MINES Ncrlex .22 Advocate Asb. Black Day Bralorne Broulan Bethlehem Bru nswick: Net earnings Ry THE CANADIAN PRESS F c d p r a I Grain Ltd., year ended July 31: 1971. j Sl.-H a share; 1970, 49 j cents. Kelly, Douglas and Co. Ltd., nine months ended Sept. 30, 1971, 59 cents a share; 1970 48 cents. EMPLOYEE RELATIONS OFFICER CENTRAL SALARY: DUTIES To develop and conduct training programs for Branch Officers, Liaison Griev- ance Chairmen and members generally on grievance handling, classification reviews and contract inierprofatmn. To research and make recommendations on collective bargaining Icfjislolion, grievance classification appeal sysloms and disciplinary appeal To paricipate in negotiations and to service and maintain collective agreements. To service branches of the Association ond keep members informed on Association aims and objcclives. Government personnel regulations and changes to (lie collective agree- ment'.. QUALIFICATIONS should have experience in course development and instructing and bft familiar with personnel management techniques ond contract administration. APPLICATIONS Applicants should provide a detailed personal resume 01 to education, qualifications, experience ond other information which they consider relevant to: THE EXECUTIVE DIRECTOR Civil Service Association of Alberta 10975 124 Street Edmonton 40, Alberta DEADLINE FOR THE RECEIPT OF APPLICATIONS IS NOVEMBER 30, 1971. Canada lung. Gassier Central Pat. Conwe't Cons. Rambler Coin Lake Coc'ienour Craigmonl Dkkenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalcia Discovery Fast Malartlc East Sullivan Falccnhridae First Marltimcs Giant Y.K. Bovls 15.M 3.M 1.55 18.00 1.35 .85 Opemiska Osisho Patino Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Silver Miller Steep Rock Tek Corp. Texmont Upper Canada Western Mines 53 50 Wright Hargreaves 1.11 Wlllroy Windfall -03 Bear J.05 Zenmac -06 Dome Pete 7-75 Dofasco .2GVj CAB 13.75 Fd of Amer Gt Cdn Oil 20.50 Gen Motors -63 Gt Lakes Pap .12 Gulf Oil Cda 1.05 Greyhound .i9Vi Hawker Sid 12.75 Huron, Erie 4.85 Hiram Walk 11-25 Imperial Oil 1-93 Int Nickel d.30 Int Pip" .36 Inv Gp A I.f8 Int Utilities Indust Accept Lsurentlde Kelly Doug A Lceh Loblaw A Metro Stors 38.03 IB.25 B.75 SIS 1 7S Abitibl 5.75 Moore Corp 59.50 Alcan It.tTfy Molsons A 14 Algoma Steel 11.25 Molsons B .50 Atco Ind North, Cent 6.90 Allan Sugar 6.00 Power Corp ______ 1.55 Agra Indust price Co Granduc 3.10 Bell Tel -U.37Vi Rothmans Headway R.L. 6.00 Brazil Trac 1f.l5Vi SI Law Corp Hollinqer 3J.OO B.C. Tel Shell CDA I Hudson Bay M-S 00 Burns 12-00 Simpson's j Hudson Bay B.C. 14.00 Simp SearS Hydra Ex. 17 P C- Sugar Steel of Can j Bay 3.00 CAE Ind 3.95 Selkirk A Iso 1.01 Cdn Brew A.IIVi Texfico Jollet Quebec .19 Chemcell -i-20 Traders Gp A Kerr Addlson 6.15 Co! Cellulose 2.85 Trans Mln Pp Lariraclor Coron Credit 1.M Union Gas Lake Shore 2 ?1 C W N GBS IMJVi Union Oil Lnnnis Silver .07 Crln Indi-st 13. CO Versatile Mfg M.fllartiC Mflrti-, Intyr Midrim Inlern Mogul New West Hi New Athonn New Calumet Hrrse Copper Nor an da Northofltf G.F. .56 Crin Marconi .'.cNeely .Oi'i Cdn Vickers SB SO Chrysler .10 CPR Cominco 6.75 Cons Bath ies Cr.ns Gas .11 Dist Sen Dom Bridge ft.67Vi 25.75 11.75 1.A1 Dnmtai Dom Icv'i'e Dom Stores ScctlB New York stocks (Supplied By Richardson Secnrities of Cannda) Amr T Anncondfl Octh Int Hflrvrslrr Kftnn Copper ..WINNIPEG (CP) A fourth and final payment of 30 cents a share was made today to share- holders of the defunct Rank of Western Canada which colla- pascd in internal disagreements in 19C7. The final payment of brings total distributions ta about for each of the shares which orig- inally sold for Thus most of the B.200 share- holders scattered across Canada who pinned their investment hspes nn the financial invitation will gel bark almost K> per cent of their original outlay. How- ever, the shares fluctuated from to on the open market, so not all investors paid a share There are some distributions which have not been settled. About shareholders have not. turned in their shave certifi- cates and will not receive third and fourth distribution until they do so. FINAL PAYMENT For most of these sharehold- ers the payment in the final two distributions amounts to only to The first two distributions comprised about per cent of the payments made to all shareholders. As well, proceeds of shares registered to Canadian Finance and Investments Ltd. of Winni- peg, alxrat 18 per cent of the bank's issue, are being held sep- arately pending a court decision soon. A group of CF and I shareholders are seeking to have the company dissolved and the proceeds of its West- brnk shares returned to the shareholders. Most of the ivestors in- volved live in British Columbia. The bank, first conceived in by Toronto financier Sin- clair iStevens and James E. Coyne, former Bank of Canada governor, collapsed in dishar- monv before its doors were ever to the public. Auto driver wins damages LINCOLN, Neb. (Reuter) The Nebraska Supreme Court ordered the Ford Motor Co. to- day to pay damages of to a 23-year-old woman who was permanently paralysed in an ac- cident which occurred as a re- sult of a jammed steering mechanism In a 1960 Falcon. Janet Kohler was injured and a passenger in tlie car was killed in the accident in 1960. SNAKE FOUND DEAD MACON, France (AP) A nine-foot python, one stolen from a Paris zoo last week, was found dead Sunday on the shores of the Saone River near here. Commercial Property Key Corner Location 1503 3rd Ave. S. HEATED WAREHOUSE 2852 sq. ft. with three 12 x 12 bny doors 'plus' ONE STORY BLDG. 1552 sq. ft. with full bose- ment, suitable for offices. LOT SIZE 75' x 125' Ideal for Contractors, Plumbers, Electricians, Wholesalers, Truckers, Welders, Paint and Body Shops, Professional and Service Offices plus income. Out of town owner will be in city November 15th and 16th, 1971 to consider all offers. For complete details and viewing, contact immediately our Agent: B. Simmons ART WILLIAMS AGENCIES LTD. Ph. 328-8184 GAME ROOM SPECIAL PREFMSHED HARD80ARD 4x8 V GROOVE WOODGRAIN FOUR COLORS Stonehciven Elm Dufftown Pecan Helmsdale Hickory Kircaldy Walnut SPECIAL PER SHEET DECORATOR WHiTE CEILING TILE thick, tongue and groovo Per Carton CHARGEX or use your Crestline Budget Plan No Down Payment i 25.371; rs 91.00 20 Golds 141.71 off 1.6E Oil of N-J. 10 Data Mot oft .10 Gulf 15 W OIK 193 43 up JJ as Co 31 :i7'j Volume :5wnrth0rP YORK AVERAGES illnonouje Elcc :'0 InrJust elf .AS Stffl IC> "i) N 223.1.1 up 10 Off isr-Stio TORONTO AVERAGES Montgomery Ward JS.75 JO Indus! "P .15 Votu ;