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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 14, 1971, Lethbridge, Alberta TORONTO (CP) Prices on exchanges at 11 a.m. the Toronto Stock Exchange shares, compared with dropped slightly in heavy trad- at the same time Mon- ing after the opening as share day. volume was pushed up fey On index, banks fell .40 to trades in Isrja blocks of NSI 214.80, the composite -29 in Marketing Ltd 183.29, utilities .28 to 153.26 and On index indus'-lais declined industrials .20 to 1B6.23. Papers 55 to 178.27, base metals .IS lo l- 88.95 and western oils 2.25 to Bo yit unci wiioiuiii ujm i-.tst JUUMU 23928 The Bold index was up Stock Exchange, Falconbridgc 1 dropped to B.C. Tele- 3.97 lo 177.27. T- Volume by 11 a.m. was phone to Pacific PeLo- 1 039 023 shares compared willi leums to International 533 000 at the same time Mon- Utilities to and Du Pont Vi to Highlighting gains, Ctsaaa Malting rose to Sea By mid-morning grams to IAC Vi to shares of NSI were traded and Reitman's to and the stock was down 10 cents lo Velcro Industries Vt to -----'-'-J On the Canadian Stock Ex- day. Declines led advances 112 to 74 with 200 issued unchanged. 3.35. The company completed a previously announced plan (o buy outstanding shares of Na- tional Sales Incentives Ltd. Among other declining issues, Falconbridge Nickel was off to Vcnpower live cents lo International Utilities to and Bank of Nova Sco- tia lo Brunswick Mining and Smelt- ing dropped 20 cents to Roman Corp. 25 cents lo Agnico Mines 10 cents to and Northgate 10 cents to Canadian Tungsten Mining was up 10 cents to Argosy Mining three cents to 41 cents, MacLaren Power B 'A lo Royal Trust to Mill City Petroleums seven cents to and Dynamic Petroleum three cents to MONTREAL (CP) Papers advanced as other sectors de. clincd moderately in light morn- ing trading on the Montreal slock market today. C o m t i n e d volume on the Montreal and Canadian stock 3'lsl By Gene Fawcette TRAINING FOR ANEW MEDICAL I -IS BEINS UNDERTAKEN AT THE U.OFS. CALIFORNIA. A I RESIDENCY PROGRAM WILL TRAIN POC- TORS TO MAKE QUICK DECI SIONS AND INITIATE PROPER TREATMENT IN HOSPITAL EMERGENCY ROOMS... WILL TO KKOSNIZf PROBLEMS M AIL AtCDICM SPECIALTIES! CHARTERED ACCOUNTANT Required Sola practitioner in pro- gressive Southern Alberta town requires recent gradu- ate. Potential partnership to suitable person. Apply lo Box 59, Herald stating qualifications, experi- ence and references. gained .30 to 79.40. Among losers on the Montreal change, W h i t e r o c k Estates gained to and RRD lost NEW YORK (AP) The stock market drifted lower today in dull trading, extending the moderate slide of the last three sessions. The Dow Jones average of 30 industrials at noon was off 2.14 at 907.05. Since Wednesday, the Dow has fallen nearly 12 points. The Associated Press 60-slock average at noon was off .5 to 332.0. A block of shares of Burlington Northern changed hands at down Noon prices included Winnc- bago new, which announced plans lo sell up lo one million shares, off to Xerox, down Us to RCA, oft to and Ford Motor, up to Dome Mines gained 2Vi lo and Canadian Pacific rose fo International Nickel Jos' Vs to AJcan was off to and Massey down Vs to On the American Stock Ex- change, Canadian Javelin lost 'A to ?121i. Down Vi were Cana- dian Marconi, at S3.8S, and Scurry Rainbow Oil, at boosts surplus Capital inflow TOKYO (Reuter) Japan had a surplus of billion in its balance of payments for Au- gust, the finance ministry Eaid in a preliminary report today. This surpassed the prevous monthly record of million dollars in May when the West German mark was floated. The surplus in July was million while in August, 1970, it was million. The ministry attributed the surplus chiefly lo a large inflow the Tokyo exchange market today as exchange banks contin- ued to unload U.S. dollars. The yen-dollar ,___ .._ were 337.81 yen to 337.05 yen for immeditae delivery and 337.70 yen to 337.80 yen for overnight yen 10 yen lor overmgni _ delivery. We old fixed rate ol unchanged at, 9-16. Pounc 3SO yen to the dollar was aban- stertaS "P doned last month. WHAT'S NEW IN TRAILERING from PREBCO? TAKE THE GUESS WORK OUT OF GAS SUPPLY Regular Price PREBCO RECREATION VEHICLES 600 4lh Avo. N. Iclhbrldgg Phono 328-4421 1 Block Woil ol Goi Company Open Monday through Saturday Wornfnfl Toronto mines, industrials Supplied by Richardson Securities of Canada LAST DID OR SALE a.m. QuolCt) a.m. Quintal a 9. BO 2.GU l.flS 20.75 1.20 a 60 1.73 .12 .35 B.75 1.06 26.75 .05 MINES Acme Advocale Asb. Akaltcho Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Casslor Chimo Con west Rambler Coin Lake Coclienour Cralgmont Dickenson Mines Denlson Mines Deer Hern C'Eidona Dome MlnGi Donalds Discovery Mines East Malartic Easf Sullivan Frobex First Maritime} Giant Y.K- Bovis Granduc Headway R.L. Holllnger -u.-u Hudson Day M-5 23.00 Hydra Ex, iron Bay Jollet Quebec Kerr Addison Kef Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malarlic G.F. Marlin McNeely Mactnlyre Mela Miclrim Inlern Mogul New Alhona New Calumet W. Horse Coppe Noranda OpemlsV2 ,30'A CiisKO 1.15 2.73 97.50 8.3! 1.B5 5.25 7.50 38.50 3.10 .65 85.00 .09V; B.75 Patlnc Pine Point Placer Dcv. P.C. Exp. Quebec Man Rayrock Radiore Rio Aljjnm Roman Corp. Sherrltt Gordon Silver Miller Sleep Rock Tek Corp. Texmonl Upper Canada Weslern Mines Wright Hargreaves Wlllroy windfall Ycllowknlfe Bear Zenmac INDUSTRIALS Dome PetB .do Dotasco It. 75 CAb 17.25 01 Amer 29.00 Gl Cdn Oil .76 Gen Motors .1VA Gl Lakes Pap .24 15.00 6.45 14.2S Gulf Oil Cda Greyhound Hawker Sid Hu Northgalc Norlex Abilibi Alcan Algoma Steel Alco Ind Allan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Foresl B.C. Sugnr CAE Ind Cdn Brew .21V: Chemccll 7.70 Col Cellulose .30 cal Power Coron Credil 2B4 CW.N. Gas Cdn Indus! Canada s s Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Balh Cons Gas Disl Sea Dom Bridge Domlar Dom Textile Dom Stores Hiram Walk Imperial Off imperial Tob ml Nickel Int Pipe Inv Gp A Int Ulllllles Indusl Accept Laurenllde Kelly Doug A 4.BO Loco Loblaw A Me'ro Stores 2.21 .a 2.00 2.76 J.75 IB.75 12.50 8.50 (1.50 Massey r-erp McMillan Bloc MncrE Corp Molsons A Norlh, 2.16 33.75 7.50 Power Corp 19.50 Price Co 60.12'A Rolhmans 13.00 5t Law Corp 19.35 Shell CDA 19.00 Simpson's oo Simp Sears a.75 Steel of Can 4.85 Selkirk A 3.70 Texaco W 2i Traders Gp A 1.10 Trans Mln Pp 11 00 Trans Can Pp 12.12V3 Union Gas 31.50 Union Oil 2.95 Versatile Mfg 9.50 VVesleel Union Car 6550 Weslon's B 23 50 Woodwwrd's A 7 50 West Cdn Sd 71 25 Zenilh Flee BANKS 24 Can Imperial ,_ Montreal Nova Scolia 18-75 Royal 13.62Va Tor-Dorn 3600 13.00 70.W) S.40 65.00 14.50 3.SO 16.50 7.00 I B.75 6.25 5.35 3 90 S.2i 16.50 12.75 34.25 35.7! IS SO 4.B5 8.00 10.50 19.00 36.62VJ 21.37VI 2700 16.00 3500 1375 33.50 36.50 15.50 375 16.00 17.35 23.75 M.7J 20.25 26.12VJ Amr T and Anaconda Beth Sfeel Chrysler Comsal Duponl GM Gult Int Harvesler Kenn Coppe Neiv York stocks Supplied by Richardson Securities of Canada T 177.16 up 3.9S 92.37V3 30 73 03 10 Base Met 8B.66 oil .JS U5.271i J5 W Oils 23B.BQ ol! 2.74 33.00 Volume 42.B7VJ Sears 15.12V2 Sid Oil ol N.J 25.50 Texas Golf 30.50 Texas Co S3.75 Corp rtB.iO vnev AUCDArcc 155.50 Woolworlh 51.75 NEW YORK AVERAGES B3.37'A Weslinqhouse Elec 93.37Vi 30 Indusl 906.1B oft 3.21 2B.50 U.S. Steel 3D.37V3 20 Rails 243.05 ott .84 TDROHTO r-enn i_OLiyer ji.u---------------------------- QJ Monlgomery Ward 33.B7'A 30 tndusl 178-5B oft .3d V0k Grain price review Winnipeg Grain WNNIPEG (CP) Oilseeds continued on a weak price pat- tern at mid-session on the Win- nipeg Grain Exchange today. Hedging pressure forced prices in rapeseed down sharp- ly. There was heavy selling, seme small exporter buying and commission houses and lo- cals were active on both sides of the market. Flax was one lo two cents lower on a fair vdlume of trade. Other commodities were un- changed to fractionally higher on a light trade. Volume of trade Monday in- cluded bushels of flax, of rye and of rapeseed. MID-SESSION Flax: Oct. lower 2.24-V8A, Nov. lower 2.21'i'8A, Dec. May unchanged Rye: Oct. Vz lower 88B, D -c V, higher May highe lower 2.20A, May 1 higher of capital in advance payment Rapeseed Vancouver: Sept. -jj 2V4 lower 2.64VjA, Nov. 31'4 monetary crisis after President 2.57B, Jan. 3 lower Nixon's new economic pro- 2.55V4B, March 3 lower grams announced Aug. 15. Rapeseed Thunder Bay: Oct. Hi lower 2.4GB, Dec The yen climbed to a high of lower 2.46B, May 2 lower 6.19 per cent above parity, or 2.52': 337.70 yen to the U.S. dollar, on High Flax Oct 225H Nov Low Close 223 Vi 224 "s 223'i 221 Vi Dec May Rapeseed Vanroilvcr Sep 265 2C3'.i Nov Jan 257'ii 2547s Mar 255S.6 223' i 23311 263 2591S4 257 255Vi Rapcsend Thunder Day Oct 246 2 Dec May 254 Oals Oct C5'i Dec 6SU May 66 Barley Oct Dec May Rye Oct Dec May 104'i 103 Vi 246 245 252 M'.i 05 OS 10-1-i 103 103% 24GV2 245Va 253 (H'.'j 65 GO 103 Vz 87V4 92 Oats: Oct. higher 651s, Dec. H higher 65VsA, May un- changed 657sA. e o unoa or. Barley: Oct. unchanged The volume of trading, how- Dec. unchanged 1.03VtB ever, was rather small at million. quotations DOLLAR VALUE MONTREAL in terms of Canadian fund at NEW YOBK Cana dian doUar up 5-C4 at to 35-64 i terms of U.S. funds. Pound ster ling up 11-32 at 31-64. SCHWARTZ AGENCIES APPOINTMENT ______________ MORRIS PASHKOWICK Schwarlr Agencies ltd. arc pleased lo announce Iho op- poinlmcnl of Morris Pashkowick lo Iheir Real Eslalo and Wickcs Homes ilalos staff, Morris rccnnlly moved to tclli- bridgo from Northern Albcrtn and will bo pleased to meet Ilie people ol Southern Alborla to discuss their real cslaro nercK. Morris and his wife, Joanne liavn 2 children ond look for. word to an enjoyable associn- ..-.i in tcthbridge. Business Plione 328-3331, Rcsidonco Phone 328- 5648. Rapeseed quota is reduced WINNIPEG (CP) The Ca- nadian Wheat Board Monday announced a lemporary rediic- lion in the dcliven' quota for low erucic acid rapeseed vari- eties. The change, reducing the delivery yuota to 10 from 20 bushels per quota acre, is effec- tive immediately. Decision to reduce the pres- ent delivery quota for low eru- cic acid rapeseed is based on informalion supplied hy the Raneseed Association of Can- ada and the Cnnada Depart- ment of Agriculture indicating much larrrcr quantifies of Jow erucic acid rapcseed arc avail- able lor delivery by produ- cers than in desirable for an orderly marketing program, he board said in a news re- The temporary reduc lion would be rescinded as soon js ivarraiii'ed by m.irkrl coiidi- ions. Deliveries by any pro- iucers are already in of the 10 bushel nrr- acrc level he applied iiiM. future increases in the lelivory quoin. The delivery progran: for the ecinl varieties (if rapcscod is esifined lo facililale Iransilion rom proflnrlion of standard -apesced varieties lo new vari- >lies which arc lo pro- luce an edible oil with a low erucic acid content. As pnrt of this program, (lie Vhoal Hoar d iiiiiioiinccd in ilarch that a delivery quota if 20 bushels per qunla acre vould be authorized al the slarl f the 11171-72 crop year. The hoard said it is slill an-i icipnlcd that delivery quolas luring (he reni-'iiiKlfr of (lie iTscnl crop year will bo 'n- rcased lo I he cMent necessary enable producers lo deliver icir Hill production of low eru- Ic acid rapeseed before July 1. 1972. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Donerty, IlOBdhouse afld McCuaig) 1AST BiD OR SALE drpo am. Quoleli a.m. uuoieij a.m. Quolu] WESTERN OILS Alminex Alia East Asamera i JO Hud Biy oil Pld .P.OO Corp Invell 5.61 Hugh Ij.oo Corp In SI F 5.23 5.70 IB.BlVi Dreyta, F U.S. BP Oil GUI Con Soulh Cdn EK Gas Cdn Hnmesld Cdn Home Pfd _____ Cdn Ind Gas oil 11.75 Cdn Lony I: Cdn Super Cen DEI Rio Charter Chlellan Dome Pele Dynamic Psle Gl Plains Lochlel Mill Clly Cent Norlh Cdn Oil Numac Husky on B 42.25 ''A Husky Oil War B.35 Inter Prov Pips 6.05 Inter Sleel Pipe 7.25 Pcrr Pelrol Pinnacle Plsce Gas Ponder Ranger Scurry Rain Snooner Total W. Decalla Joultl 10.12tt Kaiser Ret tl.ll'A Kam Kotl. Lake Dutault .62 L Onl Port Cem 43.50 MGF AAanage Mentor 5.70 Newconex Pacific Pete Rank Ory Shell Can Shell Inv Pld Shell Inv Wls Sicks Teledvne West Cdn Seed While Yukon CALGARY Barons Oil Norlh Conl Madison West Warner 7.50 36.50 1.19 W.OO 1.12 1.99 .77 6 60 12.25 15.50 7.40 1.75 .B4 5.55 35.50 liOO il.HJ 34.50 Shares 3.52 3.87 Gr Equity 6.39 7.02 Invest Gr F lo.ea 11.70 Invest Mutual 5.9J Mutual Ac 5.4B 6.03 Mutual Gr F 5.2B 5.B1 Nat Res 7.41 e.10 NW Fin NW Gr Principal G Roylund Temp Gr Untied Ac Universal SB' VANCOUVER .1 63 5 Id 5 6.09 J.31 4.73 5 7.1 5.07 25.31 27.74 4.94 5.45 727 7.99 1.23 MISCELLANEOUS INDUSTRIES Agra Ind Atco Ind Aqualaine Brit Ntld Cdn Brew A Cdn Brew B COn Hydro Car Cdn OceUvilal Cdn Pacific Inv CPR Pld crowsnesl Ind cygnus A Cygnus B Gl Cdn Oil S Gt Cdn Oil 6-75 100.1 Ami Anuk 3637Vi Arcllc Mining 16.50 Alias Fxrilor l.tt'A Baht Nnrse 4.25 Beth Copper 4.55 Block Bros 100.00 Brenda B.C. Sugar .ni B.C. Sugar Pfd .02 capl Infer .26 Cooper .33 Columbia Cellulose PIPE) iuc Coronation Credit PIPELINE STOCKS crcstbrook f Ind Alia Gas Tr L A 47.75 Crovden Alia Gas Tr L Pld 74.00 Dolly Varden Alfa Nat Gas Dynasty Cdn W Nat Gas 17.50 Forl Reliance Inland Nal GdS 13.00 Glflnt N fend C Gas 15 62V2 Grdnislo N and C B Pfd 30.25 Growers tl JB.OO Pacific Gas Tr 13.00 5.12'A Gal Metro Pfd A 65.00 29.75 Gaz Melro 5.75 35.50 Tr Cdn P 36 50 ]4.42Vi Tr Cdn P Pld A 47.25 lo.OI Tr Cdn P Ptd B 25.50 Tr Cdn P Wai 13.SO 1.70 7.B5 8.05 Key Indus! Hys Inlerlor Brew Inter Mariner Kamloops Copper Lornex 1I.62V2 Lyllon Minerf 19 00 17.00 7.75 I.'O 11.75 2.60 All Cor Home B Hnrne Pittld Hud Bay Co Hud Bay Oil 10.25 WC Trans 3600 Okanagan Helicop Western Pacific 6.62'A Plains Pele 6.00 MUTUAL FUNDS Primer All Cdn Com B.S9 9.39 Pyramid P.65 10.55 silver Standard 3.B7 4.23 Stampede Inl Res 6.10 6.70 Texmont 2.9B Trolan 4.63 5.07 Weslern Mlnrs 6.41 7 03 WC Res 13.35 14.67 Western Explor 3.48 3.62 Ullca Divid Vent AGF Special n it Cdn Invesl F comnw Inter U.m Comnw Lev eidof, September 1971 THE lETHDRIDOr '.JERAID 13 Livestock report Lethbridge Livestock (Supplied hy Canada Department of Agriculture) On offer to a.m. 90 cat- tle. Receipts mixed quality. Trade active. Good and choice butcher steers meeting good demand at steady prices. Good and choice butcher heifers sell- ing steady. All classes of cows meeting very good demand at firm rates. Medium and good stocker and feeder cattle Bell- ing al strong prices. Choice steers 30 to 30.CO; good 29 1.0 20.75. Clx.tce heifers 27 to 27.75; good to 27. Good cows 22.50 to me- dium 21 to 22; caimer.! and cut- lei's 17 lo 20.50. Gocd heavy feeder steers 30 Wnnday sales 1165 hogs. All classes of weancr and feeder hogs met very good demand. Wcaners sold steady lo strong. Light feeders under 100 Ibs. and heavy feeders over 100 Ibs. steady to SI per head higher. Weaners 6 to 10.75. Light feed- er under 100 Ih. 10.50 (o 17; heavy feeders 100 to 130 Ibs. 16.25 to 18.75; heavy feeders over 130 22 to 25.75. All prices per head. Light feeders under 100 Ibs. sold from 16 to 20 per cwt; heavy feeders over 100 Jbs. 13 lo per cwt. fo medium to 30. Good slock steer calves 40 to 43. Butcher hogs sold Monday f.o.b. Lethbridge 22.25 to 22.85 base price. Calgary livestock CALGARY (CP) On affr-r lo II a.m., about head; mostly good and choice slaugh- ter steers and heifers. Trade U'lis active with a good local and eastern demand. Slaughter sleers were steady with sales to heifers fully steady lo strong with sales to 29; cows were scarce with strong prices lo 24. Bulls were steady. Choice slaughter steers 30.75 lo 31.30, good 29.75 to 30.50, medium 2JI.50 to 29.50. Choice heifers 27.73 to 28.50, good 26.50 to 27.50, medium 25 to 26.25. Good cows 2.75 lo 23.70, me- dium 21.25 to 22.50. Canncrs and critters IB to 21. Good bulls 23 50 to 25.50. Replacement catllc were mostly heavy, short-keep steers selling al steady prices. Insuffi- cient stock or slaughter calves to establish a market. Good feeder steers more than 750 pounds 30.50 to 33.50. less than 750 pounds 34 to 35.80. Good feeder heifers more than 600 pounds 28 to 29.50. Hogs base price 21.55. 250 SHEET LIKED REFILL TBUt SAVINO 66C CELLULOSE TAPE TRUE SAVING 8UI ONE iET DDE FREE TAMBLYM VITAMIN MINERAL SUrrLEMEIT TRUC SAVING BUI ODE GET DUE FREE TAMBLYN 40 PLUS IITINIH CAPSULES TKUf SAVINS 2-2.98 2-5.49 THE TASTE CHILDREN LOVE ARAMETTES PLAIN OR WITH IRON PALS CREWABLE VIT1MKS TRUE SA VING PARDEC CHEWIILE tlTIMIKJ TRUE SAVINS ENO METflMUCIL SECRET SUPER DRT DEODORANT SHAVE LATHER TRUE 5A VINO 457 MAYOR MAGRATH DRIVE COLLEGE MALL Both Stores Open Monday to Friday 9-9. Saturday 9-6. ;