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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 14, 1971, Lethbridge, Alberta Thursday, October 14, 1971 THE LETHBDIDGE HERALD 25 Fractional drop in market prices Calgary, Montreal Miscellaneous quotations Grain prices Livestock market report VnnrAuvAr. Cnloarv. Montreal TORONTO (CP) Base metal issues moved higher while prices in all other sectors of the Toronto stock market edged fractionally lower in mod- erate mid-moming trading today. The industrial index was down .03 to 162.35, golds 4.85 lo 149.08, a low since Aug. 25, 1970, and western oils .39 to 210.87. Volume by 11 a.m. was shares, compared with at the same time Wednesday. Advances outnumbered de- clines 110 to 108, with 188 issues unchanged. Communications, oil refining, steel, real estate and banking were among the market's weak- est sectors. Eight of the in- dustrial index's 17 sub-groups moved lower. Beverage, food processing, in- dustrial mining aid pipeline is- sues posted moderate advances. Fraser Companies lost to Bow Valley Vi lo Numac lo Standard Paving V: to and Scurry- Rainbow to Imperial Oil was off 'a to Rank VI to Matta- gami !s to Central-Del Rio Vi to and Cassiar Vi to Bell climbed to Imsseo to Hudson Bay Mining Vs to Toronto Dominion Bank '4 to Husky Oil Vi to and Home A Vi lo MONTREAL (CP) P-ices moped cautiously forward in most sectors on the Montreal stock market today but still feeling the effects of the week's record sell-off. On index, utilities gained .48 to 144.69, papers .21 to 66.13 while industrials declined. .91 to 109.78, banks .19 to 199.40 and the composite .56 to 168.47. A total of shares changed hands by 11 a.m., com pared with at the same time Wednesday. Highlighting gains, Husky Oil was up 'i to Dominion Textile !i to Rothman's VS to Royal Trust Vi to Scott's Restaurants was down Sl'i to Island Telephone SIVi lo Dominion Bridge to Labatt Ltd. to Reichold Chemical 31 to and Imperial Oil ?i to NEW YORK (AP) Stock market prices slipped in moder- ate trading today. The noon Dow Jones average of 30 industrial stocks was down 6.86 to 881.94. Among Canadian issues Dome Mirss was down 2 to and Walker Gooderham off Vi lo Distillers Seagrams was up at On the American Stock Ex- change, Scurry Rainbow Oil was down Vt at Canadian Javelin was up at Trade resumed on trading in Reitman's slock MONTREAL (CP) The Monlreal Stock Exchange re- sumed Irading of the shares of Rcitman's Inc. Wednesday. Trading was temporarily de- layed earlier after the company declared a 100-per-cent stock dividend. A company official said the dividend declaration will have an effect similar to a stock split except that it would only be ap- plied to class "A" shares, keep- ing the number of common shares unchanged. Tlie new class "A" shares were trading at after Wednesday's split compared to Tuesday. Hog sale EDMONTON (CP) Prices to 11 a.m., Thursday provided by the Alberta Hog Producers Marketing Board. Edmonton: 24.70. Average Wednesday, 23.92. Red Deer; 24.40. Average Wednesday, 23.90. Calgary: 24.35. Average Wed 23.85. Lethbridge: 24.35. Average Wednesday, no sales. Lloydminsler: No sales. Av erage Wednesday, 23.45. Grande Prairie: No sales. Average Wednesday, 23.39. Tolal hog sales lolal hogs sold Wednesday av- erage 23.87. Sows average 13.60. IT PAYS TO LEASE! Leasing frees your working capita! Leasing provides reliable transportation at low cost You just sign a contract and pay ONE regular monthly fee Your lease can include maintenance, licence and insurance coverage Contact BORIS KORESHENKOV, Leasing and Insurance Dept. BENY AUTOMOTIVE ENTERPRISES LTD. 2nd Ave., 9th St. S. Phone 327-3147 Almlnex Alta East Gas Asnmera Ashland BP Oil Gas Can South Cdn Ex Gas Cdn Homestd Cdn Home Pfd Cdn Ind Gas Oil Cdn Long Is Cdn Super Cen Del Rio Charter Chleftan Dome Pete Dynamic Peta Gt Plains Gt Cdn Oil Lochlel Mill City New Cont North Cdn Oil Numac Pan Ocean Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spoonsr Seibens Total Ulster W. Decalta West Pete (Supplied by Doherty, Roatlliouse and McCuaig) LAST BID OR SALE a.m. Quotes) a.m. Quotes) Hud Bay Oil 42.50 Inv Mutual 5.11 5.58 Hud Bay Oil Pfd 55.50 Mut Accum 5.05 5.55 Hugh RusMlI Husky Oil Husky Oil B Husky Oil War a.m. Quotes) WESTERN OILS 4.90 IS. 50 10.75 6.25 Inv Mutual Mut Accum 13.00 Mut Gr Fund 16.12V3 Nat Resources 41.25 NW Finance 6.6Q N WGrowth ,'oo Inter Prov Pipe Prin Growth Inter Prov Steel 9.20 Kaiser Res Lake Dufault 11.25 MGF Manage Pacific Pete Slck's Teledyne West Cdn Seed White Yukon CALGARY Acroll Barons Oil Madison North Cont West Warner 7.00 .57 39.50 IS.flO 5.40 B.1S 33.00 .97 31.25 5.15 1.35 1.P5 Roy fund .__ Tern Growth 11.00 Un Accum 2.00 Un Savings 32.37'A 5.07 5.58 6M 7.2] 4.21 4.63 5.49 4.04 4.46 5.25 5.47 24.55 26.63 4.73 5.20 ivlnqs 6.71 7.39 VANCOUVER Anuk MINES PIPELINE STOCK., 6.40 Alta Gas Tr A -17.25 11.87V% Alta Gas Tr Pfd 76.30 Alta Nat Gas In Nat Gas Nor and Cent Nor and Cent 8 pac Gas Trans Gaz Metro 11.62Vi Gaz Metro A 1635 Trans-Cda Pipe 1.09 22.75 11.75 13.75 28.50 12.75 5.50 65.00 33.50 Artie Mining Atlas Explor Bath Norse Brenda Church Copper Croyden Dankoe Dolly Varden Dynasty Fort Reliance Giant Mascot Granisle Lornex Lytton Minerals Primer pyramid Silver Stan Texmont Trojan 119 Trans-Cda Pipe B Valley Copper B 60 Trans-Cda Pipe A 62.00 West Resources 690 Trans-Cda P War 9.75 INDUSTRIALS 1.68 West Trans 2J.37V4 Block Brothers 7.35 MUTUAL FUNDS B.C. Sugar 1 11.00 All Cdn Com 8.19 B.C. Sugar Pfd 1 "MISCELLANEOUS All Cdn Div Cap International INDUSTRIES All Cdn Vent 4.0B Crest For Ind .21 .OB .26 :iB 3.35 .31 .17 .90 .27 5.25 ,36Vi 10.00 6.50 1.13 .12 .35 1.23 SVV? 7.65 .06 Aquatalne Brlnco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crowsnest Ind Cygnus A Cygnus B Genstar Home A Home B Hud Bay Co 27.13V? Amer Gr Fund 6.13 6.73 Grower's B AGF Special Cdn Inv Fund Coll Mutual Comm Inter Comm Lever 5.62V's Corp Inv 6.12'A Corp Inv Fd Dery Fd U.S. 32.55 Gr In Shares 33.50 Gr Equity 5.00 28.25 36.00 !3.25 24.00 2.91 Key Industries 4.34 4.76 Hys 6.0i 6.66 Inter Brew 12.29 13.51 inter Mariner 3.23 3.55 Ok Helicopter 2.70 4.40 .78 5.75 5.19 5.67 Pac West Airlines 11.25 4.93 5.38 Stam Int'l Res 12.21 13.38 OILS 3.21 3.53 Albany Oils Plains Pete Inv Gr Fund 10.24 11.20 West Explorations .15 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR" SALE a.m. Quotes) MINES Acme Advocate Asb. Akaitcho Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Cassiar Central Pal. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmont Mines Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Bovls GranrJuc Headway R.L. HollingE a.m. Quotes) Northgatc 5.00 .25 Norlex 1.74 Opemiska .34 Osisko .03 Palino 1.57 Pine Point .23 Placer Dev. 16.75 P.C. Exp. 2.85 Quebec Man 1.70 Rayrock 1B.25 Radiore 1.62 Rio Algom .91 Roman Corp. 7.75 Sherritt Gordon 1.23 Silver Miller Steep Rock .27 Tek Corp. 8.00 Texmont .78 Upper Canada 20.50 Western Mines .04 Wright Hargreaves 1.25 .48 Willroy .69 66.25 Windfall .03 .06 Yellowknlfe Bear 4.85 .75 Zenmac .05 .95 INDUSTRIALS 2.52 Abitibi 77.62VJ Alcan .25 Algoma Steel .50 Atco Ind 6.50 Allan Sugar 1.55 Bell Tel -1.55 Brazil A.OO B.C. Tel Burns a.m. Quotes) Winnipeg Grain WINNIPEG (CP) Most of Wednesday's gains in flax were qst by mid-session on the Win- nipeg Grain Exchange today. Trading was generally light i flax and heavy short cover- ngs which pushed prices up lo 0 cents higher Wednesday had isappeared. Rapeseed futures were also 1 a lower price pattern on a moderate mixed trade. Oats, barley and rye were jjenerally steady to slightly .tronger on a light trade. Wednesday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices Flax: Oct. 4 lower 'ov. Vk lower Dec. 5 ower 2.40A, May 5 lower 2.46A. Rapesccd Vancouver: Nov lower Jan. Hi low- er 2.71 March H'z lower 2.69A, 'June 1 higher Rapeseed Thunder Bay: Oct. 2.58B, Dec. 2 low- er 2.58B, May 1 lower July not open. High Low Close Flax Oct 243 2461 i Nov 246 243 246 Dec 242% 239 241 toy 248V> 2451-2 247ft Rapeseed Vancouver Nov 279 273ft Jan 274U 270 Mar 272 267% Jun 2G4 262 .05 2.04 1.74 2.44 Hudson Bay M-S 18.75 B.C. Forest Hydra Ex. Iron Bay ISO Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malsriic G.F. Martin McNeely Maclntyre Mela Mirfrim Intern Mogul New WPS! Home New Athona New Calumet W, Horse Copper Noranda B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit C.W.N. Gas Cdn Indust .67 Canada 5 S .61 Cdn Marconi Cdn Vickers 49.00 Chrysler .09 Vi CPR .27 Com In co Cons Bath Cons Gas Dist Sea .18 Dom Bridge 1.75 Domtar 26.62'A Dom Textile .16 2.95 .24 33.75 2.40 7.35 Dom Stores .20V2 Dome Peta 7.90 Dofasco .22 CAS 14 Fd of Amer 21.50 Gt Cdn Oil 23.00 Gen Motors Gt Lakes Pap .10Vi Gulf Oil Cda 1.20 Greyhound 'tWt Hawker Sid 13.121.2 Huron, Erie 5.05 Hiram Walk perial Oil Imasca Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Lsurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Fere 5.62V2 McMillan Bloe Moore Corp 11.75 Molsons A Molsons B 6.75 North, Cent Power Corp 17.50 Price Co 58.00 Rothmans 11.12'A St Law Corp Simpson's Simp Sears Selkirk A Texaco Traders Gp A Trans Mtn pp Trans Can Pp Union Gas Union Oil Versatile Mfg 38.62la Westeel 2.75 Union Car 6.50 Weston's B 30.75 Woodward's A 12.25 West Cdn Sd 20.37V? Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 17.50 17.00 3.70 4.00 24.50 1.00 11.00 13.00 53.00 20.75 9.50 17.25 14.00 31.8714 20.75 12.75 71.00 5.05 13.37Vj 24.75 13.75 2.10 21.00 35.00 29.62'A 18.00 28.62' 25.37V? 6.75 36.00 17.62V2 fl.OO 5.12 Va 3.95 4.60 13.50 20.25 16.25 16.25 13.62W 4.60 6.50 14.00 19.00 18.75 2S.12V4 14.00 31.50 13.00 21.25 44.00 3.20 11.50 13-00 14.75 23.25 4.50 1.60 22.37V: 27.00 25.00 23.B7Vb New York stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont Gen Motors Gulf Int Harvester Kenn Copper Mont Ward 44.25 Sears 14.12VS Std Oil of NJ. 26.50 Texas Gulf 30.37Vi Texas Co 5S.62VJ Wix Corp 153.50 Woolworth 83.12Vi West Elec 27.00 U.S. Steel 29J TORONTO 20 Ind 161.36 Off 1.02 93.12V2 20 Golds 145.76 off 6.17 10 Base Met 74.73 Off .46 113.8714 15 West Oils 215.55 off 1.71 31.25 51.00 51.25 92.25........ 29.00 20 Rails 2J0.04 off 2.60 -P, 15 UNI 116.31 off .09 AVERAGES 65 306 55 2.23 Volume Volume NEW YORK AVERAGES 30 Ind 882.45 off 6.35 Bank rate cut ROME (Reuter) Italy re- duced its bank rate Wednesday to 4.5 per cent front five per cent. Sure To See The... New Car Premiere DOWNTOWN TONIGHT TIL 9 P.M. (located between 5th and 7th Streets South and 4th Avenue South) Sponsored by: Your Downtown Merchants and the following Leth- bridge Car Dealers: PRO MOTORS BENY CHEVROLET OLDSMOBILE COLLEGE MERCURY SALES LTD. DUNLOP FORD SALES LTD. ENERSON'S OF COURSE! FOREIGN CAR (Lethbridge) LTD. KING CHRYSLER DODGE LTD. 9 FLEMING MOTORS LTD. ASSASSINATED Abdul Monpn Klinn, former gover- nor of East Pakistan, died after being shot by an assas- sin. Police said the gunman was believed to be a guerrilla of the Bengali independence movement. Polato futures WINNIPEG (CP) Man time Potato futures close Wednesday. Nov 2.25N; Mar 2..10A Apr -2-IOA; May 2.73A. Tuesday's volume: No con tracts. Rapeseed Thunder Bay Oct 280 258 262 Dec Mi ,Iay 26714 26514 26714 _ _ 2801-2 Oats Oct 65 C43i Dec May Lethbridge Livestock NOT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) On offer to 11 a.m., Thursday about 150 head; mostly good and choice slaughter steers. Trade was active. Slaughter 'steers were steady to 25 cents higher with over- finished kinds discounted 50 to 76 cents; heifers were in short supply at steady prices; cows and bulls were steady. Choice slaughter steers 31 to 31.80, good 30 to 30.75, medium 28.50 to 29.75- Choice heifers 29.25 to 29.80, good 28.25 to 29.25, 273 Ts 271 264 65 66% 671i Barley Oct Dec 103 May 104 Jly Barley Oct Dec 103 May Jly Rye Oct Dec May 10214 Jly 102% 104 941-z 951s 101% 103 lOU-i 67Vi 103 1M Dividends By THE CANADIAN PRESS Husky Oil Ltd., 754 cents, Nov. 30, record Oct. 29. Inland Natural Gas Co. LW., 15 cents Nov. 15, record Oct. 29. Net earnings By THE CANADIAN PRESS Petrol Oil and Gas Co. Ltd., six months ended June 30: 1971, 4.8 cents a share; 1970, 3.7 cents. Beef futures WINNIPEG (CP) Live beef futures close Wednesday. Nov 32.70B; Jan 32.70N: Mar 31.85N. Tuesday's volume: No con- tracts. medium 27 to 28. Good cows 22 to 23, medium 20.50 to 1.75, eanners and cutters 17 to 18. Good bulls 23 to 25.25. Replacement cattle were mostly yearling heifers and heavy, short-keep steers selling at steady prices. Stock calves were scarce with prices steady. Good feeder stecre more than 750 pounds 31 lo 33. Good feeder heifers more than 600 pounds to 32.70. Good stock steer calves 36 to 43, depend- ing on weight. Good stock heiler calves 31 lo 34.80- Hogs base price 24.35. Datsun and VW increase prices Volkswagen and Datsun liavc i forecasts U.S. sales lo announced price increases for j units this year. 1972 models, which coupled with the new 10-per-cent import levy will give U.S. minicars a com- petitive edge. Volkswagen said Wednesday the suggested price on its Super Beetle would go up 5145 to including a new import surcharge of under Presi- dent Nixon's economic pro- gram. Volkswagen said its increases were a result of upward reval- uation ol the German mark and an increase in world market prices. Both the mark and yen went up as a result of Nixon's eco- nomic program. V'olkswagn said it expects to sell about cars in the United States this year. i Datsun said its least expen-! Volkswagen listed these new sive model, the 1200, would go j suggested prices for other mod- to from including! els: Bertie the square- the import surcharge. bad; the station wagon For Volkswagen, the price in- crease without addition of the surcharge amounts to 6.0 per cent, for Datsun seven per cent. and the 411 four-door, Datsun's 1200 coupe will go to the two-door 510 to U.S-made minicars will carry i and the four-door 510 to 1972 price tags of for i Ford's Pinto, for Ameri- can Motors' Gremlin and for GM's Vega. Nissan Motor Corp., U.S. dis- tributors for Dalsun, said the Datsun price hike was due en- tirely to upward revaluation of the Japanese yen. The price increases The price of Datsuns in Can- ada rose fipe per cent Sept. 27, and was attributed by Nissan of Canada Ltd. to a revaluation of the Japanese yen. approved by the president's Cost of Living Council. Datsun sold units in The Dalsun 1200 two-door sedan climbed to were! the 1600 four-door sedan to and the fom'-door 1600 station wagon to Prices are for Vancouver, To- the United States last year and I ronto, Montreal and Halifax. OMBUDSMAN NAMED EDMONTON (CP) The i University of Alberta has an j B. Scott, a physicist at the univer- sity since 1940. His job, as out- lined by the board of governors, "is lo listen to, investigate and seek to resolve complaints and grievances" brought to him by students and staff. He had about 15 "grievances" in the first half of September and settled many of them by quick telephone calls. an cf 1003 4th Avenue S., lelhbridgo Telephone 328-4426 ata Our Building Industry Consulting Service works for architects, engineers and developers to control the communications explosion. The communications explosion occurs when a building can't .keep up with its tenants' growth. When new or expanding corrtmunications systems outstrip a build- ing's ability to handle all the wiring and equipment rooms needed. Thars when communications explode. The communications explosion causes problems for everyone. (For tenants, em- ployees and for us) You can do something about It now, before, your next building gets underway. Just plan ahead. Plan for the complex commu- nications facilities which make buildfng an efficient place to work If fohthem before the blueprinte .We finished, no one will Nave to pensive building alterations later. Unsightly wiring later. Or Worse, do WtfK-' out badly needed communications systems. To help plan ahead, call-ACT's'Building Industry Consulting Service, They'll help you cope with the communications explo- sion. And, their time and services are free. Call collect: In Edmonton 425-4901; in Calgary 261-3311 BUILDING INDUSTRY CONSULTING SERVICE ALBERTA GOVERNMENT TELEPHONES ;