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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 29, 1971, Lethbridge, Alberta Prices on TSE sharply higher TORONTO (CP) Prices on the Toronto Stock Exchange rose sharply in light mid-morn- ing trading today. On index, industrials rose 2.17 lltn 164.61, western oils ;i.50 to 193.84 and base metals .22 to 70.06. Golds slipped .01! to 151.98. Volume by 11 a.m. was shares compared with at the same time Friday. Advances de- clines 88 to 36 with 126 issues unchanged. Industrials were paced by in- dustrial mines and banks. In industrial mines, Inco climbed 1V6 to Falcon- bridge 1 to Mattagami to Alcan to S153i, Sberritt Vt to and Noranda to Among banks, Toronto Do- minion gained 3i to Royal to Canadian Imperial to Nova Scotia to and Montreal Vs to Of the 17 industrial compo- nents, only two, oil refiners and utilities, were lower. Among active industrials, Beaver Lumber gained >'j to on shares, Molson A picked up V4 to SlCVi, Canadian Industrial Gas was unchanged at on shares, Imperial Oil sk'pped Vs to on shares and Abilibi was up '.a to on shares. BANKS GAIN- MONTREAL (CP) Banks led healthy gains in light morn- ing trading on the Montreal stock market today. On index, banks rose 3.45 to 210.95, a high for this month. In- dus trials advanced 1.92 to 168.51, the composite 1.67 to 168.39 and papers 1.12 to (17.77. Utilities dipped .12 to 143.1B. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares, compared with at the same timt Friday. Highlighting gains Dome Pe- troleum advanced IVi to Inco to International Utilities !4 to Toronto Do- minion to Pacific Petro- leums to and Royal Bank to Great Britain and Canada In- vestments dropped to Wajax to and Reit- man's to HEAVY GAINS NEW YORK (AP) Stock market prices showed heavy gains in active trading by noon today as investor optimism about an international monetary settlement grew. The noon Dow Jones average of 30 industrial stocks was up 10.07 at 826.66. Earlier it was ahead almost 15 points. Gainers among Canadian stocks included International Nickel, up 1 at Dome Mines up ?j at Canadian Pacific, ahead at: Gen- star, up si Walker Goocierham, ahead at and Masscy, up Vi at Distillers Seagrams dropped to On the American Stock Ex- change, Canadian Javelin rose Vi to Off VB were Canadian Marconi, at and Scurry Rainbow, at S13. By THE ASSOCIATTI) PRESS A stewardess from a Trans World Airlines jetliner hijacked to Cuba says one of the three men who commandeered the alane admitted killing a New Mexico stale trooper. "Tlie smallest, one, Ms name was Michael milt had been changed to the African name Mahcha, said he killed the offi- stewardess Ann Harrell said after she and five other crew members of the Boeing 727 returned to Miami from Havana Sunday. The FBI identified the three black hijackers as the same trio charged with gunning down trooper Robert Rosenbloom when hie made a routine stop of their vehicle Nov. 8 near Albu- querque, N.M. The FBI identified them as Michael R. Finney, 20, of San Francisco and Borkeky, Calif. Ralph L. Goodwin, 24, of Berke- ley; and Charles Hill, 21, no hometown. Mineral rights takeover planned EDMONTON (CP) Alberta plans to acquire mineral rights in the foothills that were grant- ed to private interests before the federal government trans- ferred control of mineral rights Gas royalty agreements under study EDMONTON (CP) The Al- berta government is still form- ulating policy for renewing oil and natural gas royalty agree- ments, says Bill Dickie, minis- ter of mines and minerals. The government was investi- gating several alternative meth- ods of charging royalties but Mr. Dickie declined to go into detail. "It's a lot more complicated than we thought." Current agreements, under which the government gets up to 16 2-3 per cent of the well- head value of petroleum prod- ucts, expire March 31. Mr. Dickie said the industry has not yet been brought into the government's considerations but will be when the policy i.s formulated. Public hearings would also be held. to the province early In tho century, says Environmeot Minister Bill Yurko. The takeover is proposed in draft provisions of a new sur- face reclamation act Mr. Yurko plans to introduce at the spring session of the legislature. Mr. Yurko said in an inter- view that mineral rights held by a number of companies in the foothills region "are fairly extensive." Principally involved in a pro- vincial takeover would be Can- more Mines Ltd., which oper- ates a strip mine in the Mt. Hundie region west of Calgary. Mr. Yurko said proposals for obtaining the rights are being circulated to interested groups prior to public hearing? to bo held next month by tlie ad- visory environment conserva- tion authority. He said the proposals call for compensation to be paid in spe- cific cases approved by cab- inet but the terms that would be applied are still being ex- amined. Net earnings By THE CANADIAN PRESS Zcllcrs Ltd., nine months ended Sept. 30: 1971, 26 cents a share; 1970, figures unavailable. Bank of British Columbia, year ended Oct. 31: 1971, 39 cents a share; 1 31 cents. Stewardess says liij acker admitted slaying trooper The pilot, of the hijacked night, Capt. John McGhee, said ho feared "someone was going io die" when the three young men stormed aboard the plane as it was boarding passengers at Albuquerque early Saturday. Onee the fLane was airborne, stewardess Betty Calibre said, she lied at knifepoint to con- vince "their leader that this air- plane couldn't fly all the way to Africa." McGhee said he tlien con- vinced the hijackers that he needed a refuelling stop. After the fugitives refused to let him fly to Atlanta or Miami, the plane landed at Tampa, Fla., where the 43 passengers were allowed to leave. A Federal Aviation Adminis- tration spokesman said Cuban officials informed the FAA that the trio was taken into custody and disarmed of two guns and a knife when the jet landed in Ha- vana. Grain price review Winnipeg Grain WINNIPEG (CP) Rape- seed prices moved fractionally lower in a thin local and cxm> mission house trade at mid- session on the Winnipeg grain exchange today. Other commodities moved narrowly in a quiet trade. Vclumne of trade Friday was bushels of flax, 000 of rapeseed and of rye. MID-SESSION Flax: Dec. Va higher May Vs. higher July Vt higher 2.43KB. Rapcseed Vancouver: Nov. 1% lower Jan. 1% lower 2.65Vi, March 2 lower 2.65V4A, June 2Vs lower 2.637sA. Rapeseed Thunder Bay: Dec. l lower May lower 2.57ViA, July 1 lower 2.56A. Oats: Dec. unchanged May unchanged July un- changed Barley: Dec. Vi higher South Pole shipment completed CALGARY (CP) Atco In- dustries Ltd. of Calgary says it has completed shipment of million in components for a re- search station at the South Pole, to be operated by the U.S. Navy and Natonal Science Foundation. The first part of the package, a two-storey scientific labora- tory was shipped a year ago and was valv.ed at The latest shipment will pro- vide buildings ar.d facilities for communica tions, library, stores, kitchen and dining, medical and other sendees for 60 scientific personnel man- ning the research centre. The shipment of knocked- down buildings was loaded on 28 rail cars and five trucks with a total weight of pounds destined for a U.S. Navy construction base at Da- visville, R.I. Eventually, the shipment will be flown to tlie South Pole by military Her- cules aircraft for assembly next summer. CHIAAN1NA OPEN HOUSE! at the Research Station Lethbridge, Alta. December 2nd, 10 a.m.-4 p.m. Comn in and viow ths largo whito cattle Thursday, December 2nd Recently imported from Italy COFFEE Will BE SERVED Dividends By TIIK CANADIAN PRESS IAC Ltd., common 20 cects; 4's per cent pfd. per cent pfd. 36 cents, all Dec. 30, record Dec. 10. By Gene Fawcetto KIDS ARE PIAV1N6 SOFTBALL BYEAR! BUND CHILDREN CAN NOW 13ET IN THE SAME" DUE TO A SMOCKPRCOF SIS- NALINI6 UNIT EMBEDDED IN THE BALL WHICH EMITS LOUD BEEFS. THE KIDS CAN BAT AND CATCH THE BALL JUST BY LISTENING FOR THE APPROACHING SOUND... ...SUCHASOUMOefl MIGHT PROVS EVEN TO mose mm GOOD BAIL GETS May Vs higher 1.07V4A, July not open. Rye: Dec. unchanged MB, May Vi higher 1.00'iA, July rot open. Livestock Lethbridge Livestock NOT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) Monday's receipts of 330 head" to 11 a.m. at the Calgary Livestock Mar- ket were mostly good and choice slaughter steer and cows. Trade active. Slaughter steers cold steady with last week's close. Heifers were scarce selling steady for quality and cow's sold on a strong basis with sales to 23. PreEminary slaugher figures for week ended Nov. 27: Alberta, hogs, beef 603. Canada, hogs 198, 296. Geef Choice steers 33.25 to 33.90, pood 32 to 32, medium 31 to 32. Choice heifers 31.50 to 31.90, good 30.25 to 31.25, medium 28.75 to 30. Good cows 21.50 to 22.50, me- dium 20 to 21.25; carmers and cutters 16 to 19. Replacement cattle were In short supply being practically all short-keep steers weighing over 750 pounds selling steady. There were insufficient stock calves on offer to establish quotations. Good feeder steers over 750 pounds 32 to 35.70. Sales of lightweights 37.40. Hogs f.o.b. Calgary to 11 a.m. average base price 24.60. TD bank profits up TORONTO (CP) The To- ronto Dominion Bank reports after-tax profit increased 23.4 per cent and total assets 20.7 per cent during its 1971 fiscal year. Profit for the year ended Oct. 31 was or a share compared with or S1.2fi a share. Total assets at the end of the latest fiscal year were compared with at Oct. 31. 1970. Balance of be- fore taxes and provision for possible during tha 1971 fiscal year, up 18.9 per cent from during the 1970 fiscal year. Ulbricht returned BERLIN (AP) Walter Ul- bricht, 78, was re-elected chair- man of the East German slate council today. The post is simi- lar to (hat of slate president. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE a.m. Quotes] a.m. Quotes) WESTERN OILS Hud Bay Oil Alminex 4.93 Hud Dny Oil Pfd 50.00 Alta East Gas 6.00 Hugh Russell 19.50 Asamera Husky Oil is.M Ash Oil and Cai 10.00 Husky Oil B 43.00 BP Oil Gas 5.50 Husky ON War 5.75 BP Oil Gas 5.50 Inter Prov Plpo 13.00 Can South 5.70 Inter Prov Stee! 6.75 Cdn Ex Gas 3.20 Kaiser Res 3.90 Cdn Homcstd 8-00 Lake Dufault mm Cdn Home Pfd 13.12V4 MGF Manage Crfn Ind Gas Oil 9-12'A Pacific Peta Cdn Long In .50 Rainier Co Cdn Super 94.37V4 Teledyne 5.10 West Cdn Seed Chartei Chleftan Dome Pefe Dynamic Gt Plains Gt Cdn Oil Lochlel Mil! City New Cent North Cdn Oil Pan Cdn Pelt Pan Ocean Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Seibens Total Ulster West Decalta 38.00 2.50 4.10 4.60 Yukon CALGARY Barons Oil ,04'A Madison .16 North Cor.t .0! West Warner -30 PIPELINE STOCKS Alta Gas Tr L A 46.35 Alta Gas Tr L Pfd 75.00 Alta Nat Ges Inland Hat Gas N and C Gas Granlsle N and C B Pfd 27.12W Kamloops Copper Pacific Gas Tr Lornex West Pete MISCELLANEOUS INDUSTRIES 28.50 4.60 1.20 1.70 .60 4.60 11.as 10.00 .33 1.38 .39 .93 .50 10.75 13.37'A Tr Cdn .B6 Tr Cdn 7.60 6.00 1.33 5.90 fl.rn. Mutual Ac Mutual Gr F Nat Res NW Fin NW Gr Principal Gr Roy fund Temp Gr United Ac Universe! SflV Unlvest Vanguard VANCOUVER MINES Anuk i Arctic Mining Atlas Explor Pith Norse Brenda Churchill Copper Croyden Dankoe Dolly Varden Dynasty Fort Giant Mascot 4.B3 5.31 4.43 487 6.63 4.14 455 5.05 ,5.55 3.65 4.00 S.13 5.34 4.90 5.36 4.50 4.95 6.62 7.2B 4.96 5.46 9.07 9.94 Gaz Metro 5.00 Gar Metro Pfd A 65.75 Tr Cdn P 33.50 Tr Cdn P Pfd B 41.75 Pfd A 62.50 War B.90 V'C Trans 23.00 MUTUAL FUNDS Lytton Minerals Primer Pyramid Silver Standard Texmont Trojan Cot we Res Coppw Iron Bay Iso Jollel Quebec Kcrr Addlson Key Anacon Labrador Lake Shore Langls Silver Madsen R.L. Malartlc G.F. Martin McNecly Maclntyre Meta Mldrlm New West Home New Athena New Calumet W. Horse Copper Noranda Northgatt 3.00 1.03 .17'A 4.30 .13 34.00 2.30 .04 .62 .55 60.00 .09 .1! 27.25 4.65 a.m. Q Norlex Mlnei .38 Dom Stores Opemiska 7.20 Dome Pe1a Oslsko .21'A Dofssco Patlno Fsm Play Pine Point Fd of Am Placer Dev. 20.25 Gt Cdn Oil P.C Exp M Gefl Motors Quebec Man .09Vi Gt Lakes Pap Rayrock 1.05 Gulf Oil Cda Radiore 19 Greyhound Rio Algom 13.63V3 Sid Roman Corp. 4.05 Huron, trie Sherritf Gordon 11.37'A i ui nil silver Miller .04 Steep Rock 3.35 It wtrksi Tek Corp. 4.05 ,UJ pip" Texmont .38 Gp A Upper Canada 1.45 )n) utllHies Western Mines 2.37 Accept Wright Hargreaves 1.30 Laurentldc Willroy .63 Kelly Doug A Windfall .08 Yellowknlfe Beer 4.10 Loblaw A Zenmec Metro Stores INDUSTRIALS Massey Ferg McMillan Blot Abltlbt 5.75 Moore Corp Alcan 1S.37V4 Molsons A Steel 11.75 Mol'ons B Atco Ind 6.75 North, Cent Allan Sugar 5.87'A Power Corp Ayra Indus! 8.6! Vi price Co Bell Te! 44.63Va R0lhmans Brazil Trac 16.63V3 cf Law Coro B.C. Tel 60.62VJ Shell CDA Burns 12.50 Simpson's B.C. Forest 15.50 Simp Sears B.C. Sugar 18.00 steel ot can CAE Ind 4.10 Selkirk A Cdn Brew Texaco 4.35 Traders Gp A Col Cellulose 3.75 Trans Mtn Pp Cal Power 25JO Trans Can Pp Cor Credit 1.00 Versatile Mfg CWN Gas 11.15 Union Gas Cdn Indust 12.62'A Westeel Canada S S 39.35 Union Car Cdn Marconi 3.00 Weston's B Cdn VIckers B.50 Woodward's A Chrysler 27.12'A West Cdn Sd CPR H.B7Va Zenith Elec Comlnco 18.35 BANKS Cons Bath 5.50 Cons Gas lfl.87yi Can Imperial Dlst Sea 3L.OD Montreal Dom Bridge 23.00 Nova Scotia Domtar 10.00 Royal Dom Texflla 18.25 Tor-Dom 13CO 27.25 13.00 63.50 4 40 77.00 15.25 33.75 14.35 2.20 24.12V1 38.00 39.25 IB.00 29.00 27.12W 6.25 18.50 9.75 3.95 5.00 14.50 ?.1M 11.37'A 34.50 15.25 16.00 13.50 t 35 5.75 13.75 19.00 Si.50 19.00 26.75 16.00 31.75 15.50 33.50 3.20 13.50 13.50 14.00 15.00 23.00 4.50 2.05 22.50 16.25 29.25 36.50 27.00 Monday, November 29, 1971 THE LETHBRIDCE 17 Government offers new bond issues OTTAWA (CP) The govern- ment today offered investors 4.36 and 5.87 per cent interest on two new medium- and long- em bond issues designed to million. The money is to be used in >art to pay off some si.x-per- rent federal government bowls coming due en Dec. 15, and to iclp t h e Canadian National Hailways retired 5.5-per-cent xmds also maturing on the same date. Today's bond issue was in two maturities: year, 11 Vi-month bonds due Dec. 1, bearing inter- est at 4.25 per cent and offered at 99.7 per cent of face value, giving investors a yield of 4.36 per cent a year when held to maturity. bonds due Dec. 15, 1979, bearing interest at 5.75 per cent and offered at 99.25 psr cent of face value, giving inves- tors a yield of 5.87 per cent a year when held to maturity. Of the million to be raised, the Bank of Canada has agreed to take at least mil- lion. The government wil redeem million ofsix-per-cent bonds maturing Dec. 15 and New York stocks (Supplied By Richardson Secnrlties of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Int Harvester pper 41.87V3 Sears 20 Golds 151.87 off M 12.75 Std OH of N.J .69.00 10 Base Met 70.03 up .19 Texas Gulf 15 W Oils 194.03 up 3.69 27.50 Texas Co 31.62'A Volume 52.75 Wickes Corp 85.00 NEW YORK AVERAGES 139.25 Woolworth 46.00 30 Indust 826.65 up 10.07 77.75 Westinghouse Elec 85.00 20 Rails 218.79 up 4.61 U'S' Steel 15 109-60 UP 31 !37'A TORONTO AVERAGES 65 Stocks 285.13 up 3.97 Montgomery Ward 29.00 20 Indust 164.il up 2.17 Volume Wootco PLEASE NOTE: The following item, inadvertently advertised In our full page on Page 13 of Saturday's Herald, should not have JUNIOR TOOL SET Reg. Woo I co Price 5.99 5.44 The Item is sold out and not available. WE REGRET ANY INCONVENIENCE TO OUR CUSTOMERS make advances to the CMl (or tlie retirement of milliOD worth of bonds. Today's offering total- ling million is less than the cash required to redeem the rrjilion of government and CNR coming due. The balance needed will come from the federal government's ready cash, which has been running high since the Canada Savings Bond issue earlier this month. Pen company workers out GODERICH, Ont. (CP) Sixty five employees of Sheaf- fer Pen Co. went on strike liere to bank demands for pay increases. Wages at the plant In this Lake Huron community 65 miles north of London range from to an hour. COAL USE Great Britain used tons of coal at home in the 1969-70 fiscal year. CHARTERED ACCOUNTANT and SENIOR C.A. STUDENT or FINALIST Small Central Alberta Office of National Firm lias opening for senior posi- tion available immediately. C. A. position wil! provide partnership opportunity within 2 years. Salary and Fringe Benefits very allraclivs. Phone 672-5575 for appointment. styrotex REVOLUTIONARY NEW WALL AND CEILING 1 May be left undeconated or painted with any emulsion or water base paint. Do not use spirit base paint l Sfyrotax Is molded from