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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 26, 1971, Lethbridge, Alberta iHlililliiitl Market losing slump broken Livestock report TORONTO (CP) Prices in all sectors of the Toronto stock market crept fractionally higher, interrupting six consecu- tive losing sessions, in moderate mid-morning trading today. The industrial index was up .47 to 162.04, golds .07 to 147.73, base metals .29 to 71.26 and western oils .11 to Volume by 11 a.m. was shares, up sharply from at the same time Mon- day. Declines outnumbered ad- vances 113 to 84, with 183 issues unchanged. Strongest sectors were bever- ages, industrial mining, general manufacturing, food processing and communications. Merchan- dising, utility, paper and forest and steel issues edged fraction- ally lower. Rank was up Vi to TransOanada PipeLines Vi to Sherritt to Inter- national Utilities to and Aquitaine Vi to Inco rose to Imperial Oil VB to Walker-Gooder- ham Vi to Canadian Supe- rior Oil Vi to and Hudson Bay Mining Vs to Falconbridge dropped 3% to Hudson's Bay Co. Vs to Guaranty Trust to Northgate 30 cents to and Alberta Gas Trunk Vi to PRICES GAIN MONTREAL (CP) Prices in most sectors posted modest gains in light trading on the Montreal stock market today. On index, industrials were up .16 to 167.20, utilities .2 to 144.62, the composite .15 to 167.00 while banks lost .11 to 203.09 and pa- pers 1.01 to 64.81. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares compared with at the same tune Mon- day. Highlighting gains, Interna- tional Nickel was up to Trans-Canada Pipelines 5a to Border Chemical to Simpson's Ltd. to and Alberta Gas Vi to Canada Packers was off to and Rio Algom Vt to DJA UP NEW YORK (AP) The stock market interrupted, at least temporarily, today a steep decline that had run through nine consecutive sessions. ByGene Fawcetle NOW, A CAMERA THAT PATES EACH PICTURE AUTOMATICAUY ATTHE TIME IT'S TAKEN. WHEN DAY; MONTH ANDVEAR IS SET ON NUMBERED DIALS, ATINYLI6HT BULB PROJECTS THE NUMBER ONTO THE FILM ALONG THE EDSE OF EACH FRAME FOR A PERMANENT RECORD OF EXPOSURE CATE. CAMERA Uses Kmm FILM WITH A 40-mm ANP HAS ELEC- TRONIC EXPOSURECOmmi.? GOODERHAM'S APPOINTMENT The noon Dow Jones average of 30 industrials was up 3.06 at 851.56 after having been ahead 5.47 in early trading. Among Canadiansonthe NYSE, International Nickel and Walker Gooderham both gained Vi to and respec- tively and Distillers Seagrams and Dome Mines both lost Vi to and On the Amex, Canadian Jav- elin was up Va to and Scurry Rainbow Oil was off Vi to NDP leader Notley sworn n EDMONTON (CP) Grant Notley, leader of the provincial New Democratic Party, was sworn in as MLA for the north- western Alberta riding of Spirit River-Fairview. After taking the oath from Lt.-Gov. J. W. Grant Mac- Ewan, Mr. Notley said he would be moving to the town of Fairview from Edmonton this week. He was the only NDP mem- ber elected to the 75-seat house in the Aug. 30 provincial elec- tion. Progressive Conserva- tives took 49 of the other seats, Social Credit the remainder. Alberta coal output higher EDMONTON (CP) A total of tons of coal worth was produced by Al- berta mines in September, the department of mines and min- erals aid today. This compared with tons worth in the same month last year. Total production for the first nine months of 1971 was 680 tons worth up from the tons worth in the same period of 1970. Protests delay bus system CALGARY (CP) Protests from more than south- west residents may delay the scheduled Nov. 22 start of the Blue Arrow bus express sys- tem. Haysbo: residents are un- happy with the proposed loca- tion for the system's southern terminal, which would feature a car park. City council referred estab- lishment of a southern station to the operations and develop- ment for further considera- tion. The committee will not meet until Nov. 8 and will not report back to council until Nov. 22. The Blue Arrow system is to serve as a prototype for a full rapid transist system. W. G. KROCK Whose appointment as represent- ative announced by J. E. Me- Ican, prairio provinces super- visor, Gooderhom and Word limited. Mr. Krock brings to his new position an extensive background of experience in tho food and beverage industry. Ho will con- linut lo reside in Calgary. Net earnings By THE CANADIAN PRESS Canada Packers Ltd., 26 weeks ended Sept. 25: 1971, 74 cents a share; 1970, 81 cents. II i r a m Walker-Gooderliam and Worts Ltd., year ended Aug. 31: 1971, a share; 1970, The Proctor and Gamble Co. of Canada Ltd., year ended Sept. 30: 1971, million; 1970, million. Hog sale EDMONTON (CP) Prices to 11 a.m. provided by the Al- berta Hog Producers Market- ing Board today: Edmonton: 22.45. Average Monday, 22.49. Red Deer: 22.35. Average Monday, 22.69. Calgary: 22.25. Average Mon- day, 22.60. Lethbridge: No sales. Av- erage Monday, 22.54. Lloydminster: No sales. Av- erage Monday, 22.15. Gracdc Prairie: No sales. Average Monday, 21.74. Total hog sales to II a.m. 483. Sales Monday aver- age 22.52. Sows average 12.85. Lethbridge Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) Receipts on the Calgary Livestock Mar- ket to 11 a.m., head, mainly slaughter steers and cows. Trade was strong and active for steers and heifers with a good local and eastern demand. Slaughter steers sold 25 cents aigher than last week's close with sales to 32.40. Heifers were steady to 25 cents higher. Cow trade was uneven with prices generally 50 cents lower and sales to 22.50. Bulls steady. Choice steers 31.50 to 32.30, good 30.50 to 31.50, medium 29.25 to 30.25. Choice heifers 30.50 to 31, good 29.25 to 30.25, medium 28 to 29. Good cows 21.50 to 22, medium 20 to 21.25, earners and cutters 16 to 19.50. Good bulls 23 to 25. Replacement cattle were scarce being mainly short-keep steers weighing 850 pounds and up and selling steady. Stock calves were in good demand at steady prices. Good feeder steers 750 pounds up 32 to 35.40. Good stock steer calves 40 to 47, good stock heifer calves 33 to 37.50. Hogs average base price 22.25. Macleod Livestock FORT MACLEOD-On offer at the Fort Macleod Auction Market last week were cattle and calves. Slaughter steers were up 50 cents with heifers stronger. Choice steers 31.00 to 31.90; choice heifers 29.00 to 30.20; good cows 22.60 to 23.90 with heifery kinds 24.70. Medium cows 20.50 to 22.00; canners and cutters 17.00 to 20.00; good bulls 24.00 to 25.10; medium bulls 20.60 to 23.80. Two year old grass steers 33.00 to 33.10; good yearlings 36.00 to 37.10; good feeder heif- ers 30.00 to 32.80. Good steer calves, all weights, 44.00 to 47.00; medium steers all weights 37.00 to 41.00; good heifers 34.60 to 36.50; medium heifers 32.00 to 33.50. Cardston Livestock CARDSTON The Cardsfon and District Livestock Auction Ltd. sale for week ending Oct. 23. On offer head, compris- ing cattle and 924 sheep. Fat lambs 21.50. Good ewes to 30. Good butcher cows 22.00 to 25.00; ytoung cows to 27.90; fair to medium 18.00 to 21.00. Bulls 22.00 to 23.85; small bulls to 25.00. Good yearling feeder steers 600 to 750 Ibs. 35.00 to 37.90; fair to medium 750 to 900 Ibs. 33.00 to 34.50; good yearling feeder heifers 30.00 to 32.70; fair to medium 28.00 to 29.50. Good steer calves 44.50 to 48.50; fair to medium 41.00 to 44.00. Good heifer calves 35.00 to 37.25. A few went for 38.10; fair to medium 32.50 to 34.50. DERIVED ITS NAME Langley Prairie, B.C., derived its name from and was named after a director of the Hudson's Bay Company, Thomas Lang- ley. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, Roadhouse and McCnaig) LAST BID OE SALE 5.15 14.50 9.50 5.90 5.35 3.30 8.45 16.00 9.75 .59 38.00 15.00 5.25 7.B5 31.75 a.m. QucTes) WESTERN OILS Almlnex 4.8' Alta Hast Gas Asarnera 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 Charier Chleftan Dome Pete Dynamic Pets Great Plains Gt Cdn Oil Lochlel Mill City New Cont North Cdn OH Numac Pan Ocean Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Selbens Total Ulster west Decalta Weslcoast Pete a.m. Quotes) Home B 32.50 _. Hud Bay Co 17.50 Invest Gi Hud Bay Oil _ l_nvest Mutual a.m. Quotes) Gr Equity zz 5.71 6.27 Hud Bay Oil Pfd 52.00 Hugh Russell Husky Oil Husky Oil B Husky Oil War Inter Prov Pipe Inter Prov Steel Kaiser Res Lake Dufsult MGF Manage Pacific Pets 'Sick's Teledyne West Cdn Seed Whita Yukon CALGARY Acroll Barons Oil Madison North Cont Wes! Warner PIPELINE STOCKS Mutual Ac Mutual Gr F Nat Res N W Fin N W Gr Princlpa IGr Royfund Tomp Gr United Ac Universal Sav VANCOUVER MINES 2.37V4 Mining Alias Explor Bath Norse Brenda Churchill Copper Croyden Dankoe Dolly Varden Dynasty Fort Reliance Gnanf Mascot Granisle 18.00 6.10 11.25 6.75 1L25 1.50 30.50 9.25 .50 .02 .30 10.16 11.11 5.05 5.53 4.94 5.43 4.B3 5.31 6.34 6.93 4.21 4.S3 5.24 3.85 5.19 4.8G 5.25 4.59 5.04 6.67 7.31 .16Va .90 .55 5.00 11.50 14.50 l.OO fl.75 d.30 1.44 7.00 10.00 Pacific Gas Tr 12.50 Gaz Metro 5.00 Gaz Metro Pfd A 65.00 Tr Cdn Pipe 34.50 Tr Cdn P Pfd B 42.50 Tr Cdn P Pfd A 63.75 Tr Cdn P War 9.55 V.'C Trans 23.62'A Texmont -37 Trojan ,27 Valley Copper 7.EO WC Res .05 INDUSTRIALS Block Bros B.C. Sugar 17.12'A pf 16.75 MISCELLANEOUS INDUSTRIES Aquatalne Brlnco Cdn Brew A Cdn Brew B Cdn Pacific Inv Growsnest Ind Cygnus A MUTUAL FUNDS Capt Inter All Cdn Com 7.93 8.67 Crestbrook For Ind 3.A5 Cygnu! Genstar All Cdn Dlvld 25 All Cdn Vent 485 Amr Gr F AGF Special 3500 Cdn Invest F Col Mutual 24'75 Cmnw Lev 6W Corp Invest, 10.50 J.91 9.74 Growers B 3.S5 3.88 Key indust 5.80 6.37 Hys 2.77 Interior Brew 4.29 Inter Mariner 5.75 6.32 Okanagan Hellcop 13.26 13.36 Pacific W Air 3.15 3M Stampede tntl Res 5.05 5.52 OILS Corp Invest St F 4.65 5.08 Albany Oils ,26Vi Dreyfus F U.S. 11.60 Plains Pete .22 Home A 31.87V2 Gr In Shares 3.14 -3.45 West Explor .12 Toronto mines, industrials (Supplied By Richardson Secnritles of Canada) LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) MINES Acme Advocate Asb. Akaltcho Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dlckenson Mines Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malarik First MarHimes Frobex East Sullivan Falconbrldge Giant Y.K. Bovls Granduc Headway R.L. Hoi linger Hudson Bay M-S Hydra Ex. Iron Bay Iso Jollet Quebec Kcrr Addlson Key Anccon Labrador Lake Shore Langts Silver Madsen R.L. Melartlc G.F. Martin McNeely Maclntyre Meta Mldrlm intern Mogul New west Home New Athona New Calumet W. Horse Copper .24 1.71 .A7 1.10 .21 15.00 3.00 1.58 16.25 1.5S 1.00 7.00 1..15 6.90 .75 1.95 .04 .41 57.50 .06 .70 .BO ,5J .25 2.66 67.00 7.30 1.50 3.70 6.00 36.00 16.75 .15 2.90 1.10 .50 6.00 .20 34.00 2.21 .03 .65 .59 Noranda Northgate Norlcx Opemiska Oslsko Paltno Pine Point Placer Dev. P.C. Exp. Quebec Mon Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Silver Miller Steep Rock Tek Corp. Texmont Upper Canada Western Mines 26.55 7.90 .21 12.00 21.50 19.25 .67 .10 2.05 4.JO .37 1.52 2.25 Wright Hargreaves 1.12 Willroy .68 Windfall Metro Stores Yellowknlfe Bear 4.40 Massey Ferg Zenmac McMillan Bloe INDUSTRIALS Dom Stores Dome Pete Dofasco CAB Fd of Arner Gt Cdn Oil Gen Motors Gt Lakes Psp Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imasca Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb Loblaw .14 7.25 7.75 .12 .IB 1.65 Abitlbi Alcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Brazil Tree B.C. Tel Burns B.C. Forest CAE tnd Cdn Brew Chemcell Col Cellulose Cal Power Coron Cred C.W.N. Gas Cdn Indust Canada s S Cdn Marconi Cdn Vlckers Chrysler CPR Cominco Cons Bath Cons Gas Dist SPB Dom Bridgn Domtar Dom Textile iiM AAolsons B 16.87V'j North, Cent 11.50 Power Corp 7.00 Price Co 6 GO Rothmans 43.B7Vi st Law Corp Shell CDA 58.12Va Simpson's 11 00 Simp Sears 16.SO Steel ol Can 4.00 Selkirk A 6.12Vj Texaco 4.05 Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg westeel Union Car Weston's B Woodward's A West Cdn Sd 3.00 23.75 1.00 11.00 10.75 37.75 2.75 9.25 28.75 12.50 19.62'A Zenith Elec 6.00 19.00 53.87', 22.00 9.50 17.75 BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 13.75 31.75 21.00 12.75 67.50 4. SO 79.50 13.00 24.75 13.75 2.15 20.00 36.00 17.50 27.50 26.75 8.25 5.37V4 3.70 5.00 15.00 10.00 20.50 16J5' 16.25 4.60 S.75 13.62VI 19.00 34.50 19.00 36.25 22.50 15.00 31.00 12.50 34.50 13.50 45.25 3.35 14.00 13.25 U.OO 21.35 4.55 2.15 27.00 Grain price review Winnipeg Grain WINNIPEG (CP) Rape- seed prices were steady to fractionally higher on some ex- porter buying and hedge sell- ing interest at mid-session en .he Winnipeg Grain Exchange today. Other commodities were quiet in a mixed trade with lo- cal and commission houses on both sides of the market. Volume of trade Monday was bushels of flax, of rapcseed and of rye. Mid-session prices....... Flax: Oct. 1% higher Nov. 1% higher Dec. higher 2.48B, May Vi higher 2.54B. Rapeseed Vancouver: Nov. higher Jan. HI higher 2.79V4A, March high- er 2.76VsA, June unch 2.71B. Rapeseed Thunder Bay: Oct. 1% higher 2.61, Dec. higher 2.59B, May ?4 higher 2.68A, July, unch 2.67B. New York stocks (Supplied By Ttlchnnlson Securities of Canada) Amr T and T Sears 90.37Vj 20 Golds U7.01 off ,65 Anaconda std Oil of NJ. 71.50 10 Baso Met up .07 m'm Texas Co" "l 12V W mM up Cnmsnl Si'.SO wickes Corp Volumi Duponl 151.CO Woolworlh <6-50 NEW YORK AVERAGES GM Wfisllnghousft Elftc flfl.SO 30 Indust fliO-32 up 1.83 Gulf 27.W n c sicct jd... 20 Rfllls 232.W up .78 Int Harvester 2S.2S 15 Utilities 113.18 oil .38 Kenn Copper 25.75 TORONTO AVERAGES