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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 28, 1971, Lethbridge, Alberta quotations decline Calgary, Montreal (Supplied by Diilierty, Roarlhousr am McCuaig) LAST BID OR SA1.K B.m. Quotes) a.rri. Quoles) e.mi Industria continue TORONTO (CP) Indiislrla issues continued to suffer sharj losses, as prices on the Toronlc stock market recorded broac declines in all sectors for the eighth consecutive session in ac live mid-morning trading loday The industrial index lost 1.4 to 169.04, its lowest level since Dec. 1, 1070. Golds were off .0-to 17609, base metals .80 tc and western oils 1. 10 tc 227.81. Volume by n a.m. was shares, up sharply from at the same time Mon day. Declines held more lhan a three-to-one margin over ad vances, 180 to 5C with 177 issues unchanged. Banking, communications merchandising, oil refining aix trust and loan issues were among the market's wcakes sectors. CP Ltd. lest to Gulf Oi to Canadian Impsria Bank 14 lo Tara lo SlSTi, Canadian Homestead '.a to SlOVi and Bethlehem Vj to 5Wi. Canadian Tire A was down 'a lo S32K, Royal Trust V2 to Imperial Oil to Inco 11 to Numac to and Moore Vj lo ?31'i. Acklands gained Vi to Bell Vt to Crown Life Vi lo ?30, Pacific Pele Vt to Texaco 'i to and Walker Gcwderiiam to 535is. MONTREAL (CP) Prices wei-e down in all sectors in liglil trading on the Montreal slock market loday. Combined volume on the Montreal and Canadian Stock Exchanges at 11 a.m. was shares compared with at the same time Monday. On index, industrials dropped 1.65 to 175.04, utililics .00 to 149.49, banks 2.11 lo the composite 1.50 to 174.22 and papers .75 to 73.61. Among losers GenSlar Ltd. dropped lo Down each were Royal Trust at rational Trust at S28V6 and Canada Cemcnl al Pacific Petroleums rose Vi to and Border Chemicals to j. NEW YORK (AP) After several sessions of decline, the stock market lurned cauliously upward today. Trading was moderate. The Jones average of 30 industrials at non was up 1.53 at 885.00. Among Canadians on issues to drop NYSE, Canadian Pacific declined 'VB to Viand Genstair Ltd. was doivn to Dome Mines gained Vt to On the American exchange, Canadian Javelin was up to (CPj Oil production in Alberta may start to decline by 1878, says J. T. Ryan, associate professor o[ chemical and petroleum engineering at the University of Alberta. Dr. Hyan, in a paper presented to a meeting sponsored by the Committee for an Independent Canada, said he could be wrong in some ot his assumptions but data shows that "it's getting harder and harder to find a barrel o[ oil in the province." "There just aren't that many good formations lett anymore." Dr. Ryan said American requirements arc growing so "fast that the United States will have to import almost half of its oil by 1980, including Alaska i production. He said the Americans wil have io import eight million barrels of oil a day by 1980. Alberta now produces aboul one million barrels a day so it would take "eight Albertas" to fill the U.S. requirements. Alberta may have unlimited markets but because of economic and physical limitations could probably not increase oil production lo any more than 1.4 or l.B million barrels a OILS Hud Bny Oil Pit rornrlw Lsu 3 M 3 JO Almlnex 5.50 Hugh Russell IB rorp 539 5 y) Alta Has! Gas 5.25 Husky Oil irtfi forp In 51 Fd 504 5 'si Asmera 16 2S Husky oil Pld an Drcylus Fd US 1J.03 13.11 Asliland Husky Oil War or Ircome Sh 334 3.70 BP 0 Gai a. 70 prov IJlVjGr Equity 60? 6.69 Can Soull, Prm Gr Fd 10.6611-85 Cdn Ex Gas 4.00 Jouie. Roylund 5.52 5 75 Chfeflan 7.TO pac is Tempfelon Gr 24. 48 24.97 Dome Pele 36.00 Rank Org 19 L'j'7 United Accum 461 5.29 Dynamic Pela 1.14 selk Hold Snvinns 6.99 V 6B Gl Plains 33.10 Shell Can ,s VANCOUVER LoMe 1.1? Shell lm pld .1100 OH. Mill City 2.10 Shel WIS ,5 v Arclic Mining .TO New Cont .64 sicks 'A Explor .33 North Cdn Oil 4.40 Teledyno m 5a Numac ll.BVJ wesl Cdn seed i so rX BTn, I'm Permo .58 mu, Yukon M.JO Brm J Petrol l.-l CALGARY B C lutnr 1300 Pinnae i .61 Acroll B C oS Pld Place Gas 1.05 Barons Oil .is K j'Sv, Ponder .47 s-nnn Cont .Wvi Churchill Cop 63 Ranger l'S-0 Madison .26 Columbia Cel 250 Scurry Rain 17.62V: west Warner 35 Cor Credit 1.10 Spooler PIPE LINE STOCKS creslbrook For 4.10 Tofal Pelrol 7.UQ Alfa Gas Tr 1 IJ Grot-den -IP W. Decalla 7.40 Alta Gas Tr A .' Dolly Varden 29 MISCELLANEOUS Alia Gas Tr 75 12V2 Dynasty S.15 INDUSTRIES Nat Gas 2350 Tort Relianca .48 Agra Ind 9.00 Cdn Wcsr Nat Gas leoo Giant Mascot 4.40 Aico Ind Inland Nat Gas. 12.37V: Granlsle 10.50 Aquataine 26.50 Norlh and On 1.! 75 Growers B 2 60 Bril Norlh and Cen B ?9 00 Key Indusl 11 Cdn A 28.50 P'ciHc Gas Tr 1Z.5D Hys 2.5S Cdn Brew B 3675 Ga: M Cdn Hydro Car 1400 Ga! MBlro Inl8r "'riner .03 Trans Cdn Pipi 3575 Ksmloops Cop 09 rrtn Pafi lie Ini 24 Trans Cdn A "-2S Joo Cdn Pipe n 41 25 Lytlon Min 1.46 r ?i Tr Cdn PiPe War Okanogan Hel 6.00 Crowsncsl 23.87V: Wes, Trans Plains Pel. ,20 cvgnus A 600 primer ,j Cygnus B 6.12V1 MUTUAL FUNDS Pyramid ,11 Genslar 1000 cdn Com 23 ,m silvcr a Gt Cdn Oil S 5.25 All Cdn 9.2510.11 Slampede Inl. Res .72 Gt Cdn Oil 6-75 10000 Al Cdn Ven 3.72 1 07 Texmnnt .35 Home A 34.00 Amer Gr Fd 5.6B 6 46 Trojan .34 Home B 33.75 A.G.F. Special 2 B4 Western Mines 3.00 Home Pillld 2.45 Cdn Invest Fd 4.53 Weslcoas! Res 07 Hud Bay Co 17.87V: Coll Mul 6.15 6.76 Western Ex 115 Hud Bay Oil 45.25 Comnw Inter 12.71 13.97 Ulica ,24 Toronto mines, industrials (Supplied By Richardson Securilics ol Canada) LAST BID OR SALE a.m. Quoles) a.m. Quoles) a.m. Quotes) MINES Norlhqale 605 Dome Pete 35.63V] Arm. Norlex .30 Dotasco 23.00 r; Opemiska 13 00 Advocate Asb. 1.95 Qslsko .35 Fd of Amer 70.00 Ahallcho .-13 Palino 19.00 Gl COn Oil 5. SO Black Bay .05 Pine Poinl 36.00 Gen Motors Bralorne 1.7S Placer Dev. 3600 Gl Lakes Psp 15.50 Broulan .35 P.C. Exp. .70 Gulf Oil Cda Belhlehem 1B.OO Quebec Man .11 Greyhound ck 3.25 Rayrock 1.75 Hawker Sid 2.3S Canada Tung. l.BD Radicre Huron, Eric 23.25 Casslar 20 ?5 Rio Algom Hiram Walk 35.25 Ccnlral Pal. 1.47 Roman Corp. i.OO Imperial Oil 3750 Chimo 1.12 Sherrlll Gordon 13.75 Imesca 19.75 ConweEt B.35 Silver Mlllor Inl Nickel 31.00 Cons, Rambler 1.55 Sleep Rock M6 Inl Pipe 2S 25 Coin Lake .16 Tek Corp. 4.6Q Inv Gp A 7.00 Cochennur .35 Texmonl .33 Inl UliMliea 37.00 Grain prices Winnipeg Grain WINNIPEG (CP) Rape-seed posted losses as much as censl in a fair volume of local and commission house and hedge selling at midses-sion on the Winnipeg Grain Exchange loday. Other commodities except rye were unchanged in quiet trade. Rye posted slight declines on some hedge selling. Volume of trade Monday was bushels of flax, of rapeseed and of rye. Mid-session prices Flax: Oct. lower Nov. Vi lower 2.30A, Dec. lower May Vt lower Rapeseed Vancouver: Sept. Ks lower Nov. lower Jan. lower 2.50V4B, March lower 2.57B. Rapeseed Thunder Bay: Oct. lower 2.47WA, Dec. lower May 3% lower Oats: Oct. higher 6514A, Dec. unch May lower Barley: Oct. unch 1.01'tA, Dec. '.4 lower May unch l.OOViB Rye: Oct. Te lower 88, Dec. lower 90Vi, May Vi lower High Low Close .Flax Oct 22914 220 Nov 229'A 229-ls Dec 228S8 22H May 238 2373i 237-14 Rapeseed Vancouver Sep 2G7 2S33A 264 Nov 265 Jan 257-H 258V4 Mar 259 Itapcsced Tliundcr Bav Oct 249 HS'.'t 247'i Dec 246 May 255si 254-li 255 Vb Oals Oct 6514 64 ii 6414 Dec 64 May 55-li 65 65 Barlcv Oct lOlTi 101 '4 101's Dec 101 1005i 100'i May 100 Rye Oct 88 87 1 Dec 90'; May 96V1 957i crack OTTAWA (CD-Elizabeth Ann McFadyen, a graduate of the University ot Saskatchewan law school, is the first woman to become a director in the federal justice department. Justice Minister John Turner announced today that Miss McFadycn has been appointed director of the department's Edmonton regional office, which will open early in 1972. Mr. Turner described the appointment as "in accord with the government's policy of en-coui aging capable and talented women to undertake senior male barrier poinlments in keeping wilh their qualifications Miss McFadyen led her class in each of her three years at law school and became a member of the bar in 1965. With the justice department for 18 months, her experience is in tax law and prosecution of criminal offences. The Edmonton office is the sixth staffed by justice department lawyers. Regional offices for federal legal business are also in Halifax, Montreal, Toronto, Winnipeg and stol MONTREAL (CP) A spokesman lor the provincial police said here that enough firearms have been stolen in Quebec during the past few weeks to equip a small army. The spokesman said in an interview that the QPP has been informed about the thefts and anti-terrorist squad members arc investigating the possibility of the Front de Lihera-.ioii in Quebec being involved in the robberies. Last week, burglars in Quebec into a hardware store at Cap de la Madeleine, 77 mi e s northeast of Montreal, and took 25 rifle and shotguns along wilh a large supply of ammunition Eight days ago. a hardware store in St. Michel des Sainls 75 miles north of here, was robbed of 23 firearms of various calibres. The police spokesman sale there have been other thefts in Montreal, Trois-Rivieres and Mont Mines .95 Western M nes 2.99 Laurcnlidc B.50 Denfson (Mines Wrignf Hargreflvcs 1.21 Kelly A 5.37Vi Deer Horn .07 Willroy .75 Loeb 3.95 D'Eldona .52 Windfall Loblaw A 5.37'A Dome Mines SB.OO Bear Melro Slores 15.00 Donalda .06 Zenmac .03 Massey Ferg 11.50 Discovery Mines .76 INDUSTRIALS McMillan Bloc 23 50 East Malarllc 1.00 Abltlbi Moore Corp 33. >i East- Sullivan 2.J1 Alcan 17.55 Mnlsons A 1B.DO Fslconbridge 84.00 Algoma 11 25 Molsons B 1600 Frobex .27 Afco (nrf ffOO Norlh, Cent Marillmes .50 Allan Sugar 6.50 Power Corp -UO Giant Y.K. B.CO Bell Tel Price Co Eovis l.iQ Brazil Trac 18 37 Rolhmans 10. CD Granduc B.C. Tel 59.00 SI Law Corp 19.01 Headway R.L. 7.50 Burns 1200 Shell CDA Hollinger 37.50 B.C. Forest 19. 12'A Simp Scars 30.25 Hudson Bay M-S 21.25 B.C. Sugar IB. 00 Simp Sears 27.25 Hvdra Ex. .18 CAE Ind 375 Steel of Can 24.35 Iron Bay J.OO Cdn Brew Selkirk A 15.25 Iso 1.30 Chemcell 1 35 Texaco Jollal Quebec .25 Col Cellulose 2.75 Traders Gp A 13.00 Kerr Addlson 7.40 Cal Power Trans Pp Anacon .75 Coron Credit 1.10 Trnns Can Pp 36. DO Labrador 3-1.50 C.WN. Gns 11 75 Union Gas Id. 50 Lake Shore 2 B7 Cdn Indust 1200 Union Oil 47.J5 Langis Silver .OEVa Canada S 5 3000 Versallla MFg 3.BO AAadsen R.L. Cdn Marconi 2.70 Wesleel 11.25 Malartlc G.F. .61 Cdn P.50 Union Car 15.00 Marlln McNeely .08 Chrysler 7V.B7Vj Weslon's B 1600 Matlnlyrc 72.00 CPR Woodward's A 2375 Mela Comlnco 21.50 Weal Cdn Sd -1.50 Midrim -IB Cons Bfllh Zenilh Elcc 1-85 Intern Mogul 7.75 Cons Gas 19.50 BANKS New Wesl Home 7.87Vi Dist Sea Can Imperial 13.1 3Va New Alhona .13 Dom Bridge 23.25 Monlreel 16.00 Nnw Calumet .il Domtar 9 SO Nova Scolia W. Horse Copper 7-03 Dom Textile 17.35 Royal Noranda 30.25 Dom Stores 13.25 Tor-Dom 26.00 New York stocks (Supplied By Richardson Securities of Canada) Wesllnariouse 1I.W Kenn Copper 30.00 2 OGolds 176 Ot off .Ot Ahr. T and T -I2.37V2 Mont Ward 33.35 1 OBase Mel B2.0'l off l.Ofl Anaconda IS. 35 Senrs 91. IS Wesl Oils 327 50 off 1 71 Belh 5tocl Sid. Oil of N.J. i9.75 Volume 1.J34.0CO Chrysler JO.aa Texas Gull 115.J5 NEW YORK AVERAGES Consal Texas Co. 30 Indusl BBi.75 up 3.38 Dupont 153.00 Woolworlh 51 50 20 Rails 33J.97 up .20 Gen Molors B3.12Vi U.S. Steel 15 Ulililies 107.1D 0. C. Gulf 27.15 TORONTO AVERAGE? 45 Stocks 302.34 up .48 Inl Harvester 28.35 2 Indust 169.36 off 2.0J Volume Lethbridge Livestock AFTERNOON SALE Hog sale Monday's sales 14.75 hogs. All classes of wearier and feeder hogs met an indifferent demand at lower prices. Weaners ?1 to per head lower. Lifilil feeders Jnder 100 Ins. steady; heavy feeders over 100 Ibs. steady lo SI lower. Weaners 4.75 to 9.25. Light feeders under 100 Ibs. 10 lo 16.25; heavy feeders 100 to 130 Ibs. 1650 to 21.25; heavy feeders over 130 Ibs. 22 to 25; light feeders under 100 Ibs. sold from 14 to 16.50 per hundred weight; heavy feeders over 100 Ibs. 13 to 13.50 per hundred weight. Calgary livestock CALGARY (CP) Receipts to 11 a.m. of head, mostly good lo choice slaughter steers and heifers. Trade was active wilh a good local and eastern demand. Slaughter steers sold 25 to 50 cents higher. Heifers were report 29.20, good 27.23 to 28.25, medium 26 to 27. God cows 23 to 24, medium 21.50 to 22.75, canners and cutlers 18 to 21. Good bulls 24 to 25.50. Replacement cattle were scarce and were mainly fleshy steers selling steady. There were insufficient slock or slaughter calves on offer lo establish quotations. Good feeder steers 750 pounds up 31 to 33. Hogs average base price TODAY Ihit 7" zipper boot 16.00. Thursday at Ealon'i Qft it will be IH.77 11 a.m. today provided by the Alberta Hog Producers' Marketing Board: Edmonton: 24.00. Average Monday 24.09. Red Deer: 24.15. Average Monday 23.92. Calgary: 24.15. Average Monday 23.89. Lethbridge: No sales. Average 23.91. Lloydminslcr: No sales. Average Monday 24.10. Grande Prairie: No sales. Average Monday 23.15. Total hogs sold 536. Total hogs sold Monday prov vincial average 24.02. Sow average photos on licences in B.C. planned VICTORIA (CP) After April 1, 1972, all drivers' licences in British Columbia will bear a color photograph of Uie raider, Attorney-General Leslie Peterson said here. Plans for the new licences were first announced in the leg-isbiure in March, when Mr. Peterson said the plan bigger wheat Liiyer TOKYO (Renter) Japan over Uie previous month when bought a total o[ tons of the imports amounted lo only wheat from Australia, Canada tons because of the U.S. and flic Uniled Slates through dockers' strike. selling steady. Bulls about steady. Choice sleers 31 lo 3160, good 30 to 30.75, medium 28.75 to 29.75. Choice heifers 28.50 Japanese food agency an- Bottling spring vater has be- this was a heavy increase dustry in the United Stales. _______ II'! No. 5 in a lolal of 600 outstanding1 first-day buys in There will be no increase in the ?5 fee for a driver's licence. Mr. Peterson said the new licences should significantly reduce instances of drivers using false icences or licences belonging lo someone else. Dividends By THE CANADIAN PIIK.SS Avco Corp., pfd. 80 cents (1J.S.F.) Nov. 20, record Oct. 29. Woodward's Slores Lid., Class A 25 cenl.s, Ocl. 31, record Oct. feel into canyon LAKE LOUISE (CP1 -RCMP loday identified Henri Jean Maximilien Marie Seve, 21, of Paris, France, as one of livo pci-soiis killed during the weekend 70 miles north of tliis community. Eugene Ivan Affolder, 27, of Calgary was also killed when a gasoline tanker truck he was believed lo dnring lefl n road and plunced 200 feet inlo n canyon on flic Banff-Jasper (CP) Live beet Futures Monday: Open High Low Close Nov 32.80A Jan 32.75 32.75 Mar and more II people have 11 discovered the II Shoppers Drug Mart II way. II Maveyou? II Last week we filled'' II futures WINNIPEG (CP) Maritime potato futures Monday: Open High Low Close N'ov 2.2.1N Mar 2.60N' 2.6BN Uiv Thursday, Sept. 30 to Saturday, Ocl. lorgc Colgory.boscd monuloclunng company has on immediate 1 a chief accountant. The ccnlrali.alion of Ih. accounling function, company wilh fhose of two offiliolc-d companies ho! resulted In the crealion of thil new poiilion. Opporlunitics for advancement for the righl candidate are excellent. The potion i, ideollv ,0 a charlmd ono two year, experience afler graduation. Ths wpcrviss wc.ounlina 32 1 Look for nil 600 flrif-dny in the 18-pnge snlo flier deliver-od to your home in lo Monogc, o( Accour.lina the will in. dud. Ih. preporoli-r, of monthly managmen, r.porl, ond finonc al .loHmcnls, por-Hcipallng In budoel prepwalior, ond overall .upervilion of co.l Ond oonerol accounting funclions. lubmltllng a complete rtiume lo Box 99, Lethbridge prescriptions in all our stores. II SHOPPERS DRUG MART II Open every day every evening and every Sunday II Sflptember 38, 1971 WE IFTHBKIOSl HERMD 19 Newsprint plant plans cutback TROIS-RIVIERES, Que, (CP) Domlar Ltd. plans to stop producing newsprint at Trois- Rivierse in early 1972, a deci- sion Uiat will shut down four PI the mill's six paper machines and affect about 650 of em- ployees. Production of coaled publica- tion grade and specialty papers will continue, the company an- no u need Monday, but the money-losing newsprint opera- tion is going into moUiballs until conditions improvf. Domlar said il has lost almost million over the last in months because of the floating U.S. trade balance is still in red WASHINGTON (AP) De- spite President Nixon's sur- charge on dutiable imports, the United States balance in trade ran in the red for the filth month in row in August ps Americans imported 259.7 mil- lion more in goods lhan they ex- ported. The deficit was slightly im- proved from July, when il ran lo S304 million. But Ihe total deficit for 1971 so far stands at million, which compares with a S22 billion surplus for the same period a year earlier. Unfavorable trade figures were among the chief reasons for Nixon's new economic policy announced Aug. 15. The policy includes a 10-per-cent added tax on most imports, a tax which the administration is using as a bargaining tool to seek a re- alignment of international cur- rency 'rates lo help correct Uie trade deficit. Harold C. Passer, assistanl secretary of commerce for eco- nomic affairs, said the U.S. West Coast dock strike, which began July 1, "continued to ex- ercise a dampening influence on both exports and imports.'1 Canadian dollar, reduced mar- ket demand for newsprint and "a marked escalation in the cost of power, fuel, labor and pollution control." Therefore, the newsprint ma- chines will be shul down "on or about the end of the first quarter of 1972." Domtar, which also makes newsprint at Dolbeau and Don- nacona, Que., ond Red Ont., said the Trois-Rivieres i shutdown will affect about 590 i production and maintenance men and 65 supervisory and clerical employees. The company said it will "ex- plore employment opportunities in other Domtar plants and will work with government agencies i n establishing alternative sources of employment" for (hose displaced by Uie shut- down." Car drivel- fatally hurt CALGARY (CP) Tommy Ango Jeppesen, 34, of Calgary died in hospital Tuesday from injuries suffered Monday night when the car he was driving hit a road divider in the south- east section of the city. After hitting Uie divider, the car apparently struck the front side of another car, conUnued into a rock cairn and landed in front of a building. The death boosted the city's traffic fatality count to 32 this year. Purchase plant MONTREAL (CP) Cana- dian Industries Lid. said today it has purchased the Edmonton Xanthate plant of Chemcell Re- sources Ltd. Purchase terms were not disclosed. Xanthates are collector chemicals used in mineral flotation processes. i J By Gene Fawcetle BEWARE OF THE CADWlUMl NEW RESEARCH AT THE U, OF CINCINNATI CEWTER WARNS Cf A CONCENTRATIOM OF THE DANGEROUS CHEMICAL IN TOBACCO SMOKE DRIFTING FSCM THE BURNING END OF A CIGARETTE, CIGAR OR PIPE FDR STOKERS AND NON-SVOKERS ALIKE... CAUSE ACUTt POISONINGf High Profit Franchise Opportunity Living Lighling, a rapidly ex- panding chain of specially lamp, chandelier and shade centres, has another prime location available at the new Cenfre Village Moll In bridge for qualified indivi- duals. 12 Canadian (torn now open Systems and Buying power cf a major chain. i Complete training program 1 Investment required i Exception earning poten- tial "CLIP AND MAIL" Name Addiess City Phone LIVING LIGHTING LTD. Suite 300, 48 Yonge Street, Toronio 1, Ontario, Phone I 363-5166 or 363-5167, Mr. E. K. Loysl, President. Ask for isiis folder business loans anywhere in Canada to learn how you may obtain an IDB loan to assist in starting, modernizing or expanding your s business any- J where in Canada. f INDUSTRIAL DEVELOPMENT BANK TERM FINANCING FDH CANADIAN BUSINESSES LETHDHIDGE, Alln.: Avo. Soiilli-Tcl..' 328-0681 ;