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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 3, 1970, Lethbridge, Alberta 1W HKALD 21 SIM Rise In Stock Market Broken TORONTO (CP) -The To- ing. Ff ard-Luck Town Turns The Corner ttock market declined in light down to to 174.0S and base e .45 to 117.W. Volume by 11 a.m. was jlns compared with at the same time Thursday. Corp. slipped iitojVi. CbBBcefl traded an odd .bares at TV, and Royal Trust, at bid, asked, did not trade. and gained 1 to a while SheU Canada was up Vi to 2S% in equally quiet trading. Activity in banks was unu- sually light. Royal eased Vt to Toronto Dominion Vt tr 2U4, Bank of Nova Scotia t and Bank of Montreal Vt to 16U. Fketwood fen H4 to 11 on trade, Falconbridge to Consolidated Bathurst to and Power Corp. Vt to Vt. On index, industrials were down .23 to 195.41, utffities to banks 1.11 to and tapers .22 to Spotlight PORT HARDY, B.C. This harfluck town of on northn Vaacouvor Island fcua- dereo fcr ks frst years on bad aaL a land compaBT avl aWknd dnum. Now, Pwt Hardy appears to MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal Supplied by Doberty, Koadhouse and McCualg Eros. LAST BIO OR SALE Grain Price Review Grain WFNNIPEG (CP) Oilseeds 1.83H; 2 1.9JH; 3 nve turned the riding oil common shares of 7V4 per cent tne outstanding Royal Trust at 7% a share. Seaway rose to 16, a 1970 high, on shares. Lev7 dropped S to 15 on 100 shares. A ctaun ol controlling position in SeaWay by the .Levy family has been disputed by Seaway. conpaBy said it wffl raise its 10 cents from eight cents.' QUIET SESSION MONTREAL- (CP) There were few bright spots ina quiet early session today on the Mon- treal stock market Banks kd all sectors tower 85 prices gen- erally within a narrow trading range. The compoate index was off ja to 183JO at il a.m. Veteo industries moved against the downward trend and advanced 1 to 29% in light trad- West Air Sold To Hughes LAS VEGAS, Nev. (AP) Howard Hughes, the seMom- jeen .financier vho has vast real estate holdings in this gambling centre, has bought Air West, a regional airline with miles of routes in eight western states Canada and Mexico, for about it'.was an- Tjodnced Thursday. Hughes is a former major stockholder in Trans World Airlines. He sold his TWA holdings for to 1966. Beef Futures AJICia W Combined TOBUM on the Moe- real and Canadian Stock Ex- changes was shares at 11 a.m. compared with ai be same time Thursday. SLOW TRADE -NEW YORK (AP) The stock market was dowi m slow trading early this afternoon. The Dow Jonet average of 30 industrials at noon was off M to have tnrnea me twwr, the tide of whopping aew export cootracta for worLh of copper concentrate.. The borers are Japanese to- Mining and Smettmg Co. Ltd., which will take M per cent of copper pro- duction in years starting in 1972; and Mitsubishi Sboji Kaisha and Dowa Mining Co., which take the balance under a five-year agieemtnt The project, 10 miles north of here, was launched in Novem- ber by Utah Construction and Mining Co. Ltd. of San Fran- cisco on land purchased from Port Hardy mumriraKty. It's one of me largest known labor and a poor grade of coal The town sharabertc until won an outfit caDet the Hardy Bay Cokniiatian and Land Company advertised the area ID the V.S. and Europe as an agricultural Utopia. The attracted hundreds of imnnfracts with promises of highly fertile aoil, grain elevators and railways, DODS of which existed. it was a gigantic fraud. TV Hardy Bay company quietly went otat of business after rak- ing in huge profits and me would-be settlers scattered after finding only thkfc rain forests and desolate bush. i.m. WESTHM OHU Alrr.lnex 5.M AUMTl BwH IMS CM Soutti Din MM Ex Gu HomnM M Co Ot Long Is Cdfl Suptf CM Rol.., Clurtar 5.11 3.53 S3S 11JS M 9.M Km Staal Plpa jaflariai JoiW........ Kalaar Ita Kam Kotla L Ont Cam I a.m. OutM) 4M 587 Frtndi Ptt was moderate to good at the Winnipeg beef futures market Thursday! There' wae some sell- fag for U.S. accounts and trad- ing was five points over to 15 points under. Open High Low Close Wed. May 31.80 31.85 31.80 31.85 31.80 icjcx tflTeAv ened to strike me Syrians bar-1 der unless they honor the cease- offered soW steady L dav s ckisintf Dnce U.-Gen.'Haim. Bar Lev, Is- rael's army chief of staff, Jry' 31.25 3U25 31-15 31.15 Sep Nov 30.05 30.35 30.05 30.05 warned: "Our aim stock calves. Trade was active. Jfered sold steady with Thurs- day's closing prices. Choice slaughter steers St.75 to 32.20, good 30.50 to 31.50, me- dium 29.70 to 30.25. Choice heif is to' secure an ers 30.50 to 31.30, good 29.50 to Potato Prices WINNIPEG (CP) There was a good volume of trading in the Maritime potato futures market Thursday with offers five points to 15 points over the previous close. Open High Low Ctase Wed. Apr. 2.95 2.95 2.95 iMay 3.65 3.70 3.65 3.70 3.55 Nov 2.40 2.40 effective ceasefire. The ef- 30.50, medium 27.75 to 29.25. feet is cumulative, and if they good cows 24 to 25, medium 23 (Ihe Syrians) are not impressed to 24, earners and cutters 20 to by ODB blow, they win need two: 22.75. If the ceasefire fine ceases Replacement cattle and stock to be quiet, our blows wffl grow calves met a good local do- harder." maud at. steady to. strong In Israel's Damon Prison near prices. Haifa, a hunger strike by 17 Is- Good feeder steers less than radi Arabs jailed for suspected 750 pounds 34 to 38.50, more anti-Israeli activities went Into than 750 pounds 30 'to 13.30. its third day today. The Arabs, Good feeder rieifers 30 to 35.70. all Israeli citizens, have pledged Good stock steer calves 38 to to continue their strike until 43. Good stock heifer calves 35 their cues are heard of until to 38. No slaughter calves were they are freed. Some have been offered, detained for more than a year No bogs sold to 11 a.m. under British mandate regula- tions set prior to 1948. In Cairo, President Nasser's Canadian Reserves Up OTTAWA (CP) Canada's official foreign exchange re- serves rose last month to reach the finance department reported oday. dinar -holding! of the Bank of Canada, the exchange und account, and tbs Recover General rose to from at the end of February. Because of other countries dealings, Canada's special drawing rights in the Interna tional Monetary Fund, created Jan. 1, rose to from the initial allocation Gold holdings remained un- changed at Canada's reserve position the IMF rose to the -end of March from INDUSTRIALS Pemblna Pp Alcan n.lZVi Power Corp AJgoma Slttl 14.JS Price Co..... Atca Ind..... Rottimens Allan Sujar 37Vi St Corp Bell TH...... 43.S2ViSMII CDA Braill Trac 15.I7V) Simpson's B.C. Tel..... B.OO Simp Burnt Site! ri Can B.C. Forest 33.00 Selkirk A B.C. Sugar 17.S7V4 Texaco...... Ind..... 4.U Traders Gp A 9.1TA Trans Mtn Pp 7.7S Trans Can Pp 7.50 Union Gas 13 K Union Oil 1.30 Versatile. Mfg. Westeel II.IS Union-Car UM WestonV B 4 U Woodward's A l.X West Cdn Sd M 62V4 Zenftn Elec 4525 BANKS a.m. Quctas) 175.00 2! 1.50 JS.oa FalconbrMge Frobex 13'Svi rinst Marltlmes ILIZV. Giant Y.K. Gortdrum V 25 G-onnar 11.75 Grandoc 25.25 Headway R.L. Z3.a. Holllnoer Had. M-S Oil Firms On Patents CALGARY CCP) Three ?.w 10.00 31.09 M.25 CAE !.._ Cdn Brew Chemcell..... Col Celluloa Power Coron CredH CWH Gai Con [ndust Canada S S Marconi dn Vkken hrysler PR .1...... omlnco..... s controlled by such U37V4 .50 31.50 .11 1.26 .11 13.75 .23 .M'A i.n 34.75- 15.7S 14.1M .35 '3150 45.25 M .21 1.S5 .39 IS.iO 13.25 157 J2.I7V4 1 2.65 7.30 UM 1.32 7.05 Windlall Ycllowtnlfe Br. Zenmac '-70 1.90 1.10 .MM (.00 .uv, at the end of Febru- ary. Serving You in so mny ways CABliVlSION with The Weather Eye Channel 3 Local Events The Choke of 4 Channels The Best in Notional TV Entertainment ana Sport Many Exchnive Programs The Most in Color TV No antenna or rabbrf ears required OUR EASTER SPECIAL EXPIRES SATURDAY, APRIL 11th SOYS you 4.95 eml rfiii 1 montrM Production Of Coal Increased Egg, Poultry Market Report EDMONTON (CP) Weekly egg ind poultry report issued by the Alberta department of agriculture: Eggs To Producers: A large 38; A medium 34; A small 22 to 23; B Zl; C 13; cracks 15. To retailers: A large 45 to 50; A medium 40 to 46; A small 34 to 36; B 33 to X; C 32; cracks 30. To con- sumers (in A large 51 to 55; A medium 47 to 51; A mall 37 to 43. live No. 1 chkken broilers, 21. Fow under 4, 6 to 7, Turkey -under 12, 27; 12 to 18, NEW YORK STOCKS Supplied by Richardson Securities of Canada Arrwr. T. T. Sl.tTO Montgomery Ward 57.25 II1 Gsltfs B IS Son 68 50 16 B ffttn up StJnoard Oil N.J. 57.15 15 W Oils off l.n 91.0B Texas GuK Vo ume TrxS cT M-tTVi YORK AVIERAOSS H.37V4 Woolworttl......35.37Vi 30 Ind'JSt 7JI.W off .53 El- Rails 17-..5 fnt Sa TORONTO AVIRAOfS (S.SIocB.26X54 up Kerin. Copper 52.7J 20 Indvst IKtS Voiu The companies involved are Amoco Cansda Petroleum Com- pany Ltd., Atlantk-Richfield Co. and Esso Production Re- search company. In a.joint news release, the companies said the techniques increase and third recoveries from oil fields and improve upon conventional wa- terilooding by 25 to 75 per cent. All the processes involve in- jecting a fluid creates in the formation a zone which is soluble with reservoir oil at its leading edge and soluble at its trailing edge with injected gas. Gas then is used to drive this solvent through the reservoir, displacing the ofl. _ Successful operation of the processes involve the use of technology covered by several Mocking patents owned by the three companies. Three of the patents sre held by Esso, an affiliate of Stan- dard Oil Company of New Jer- sey, three are held by Atlantic- Richfidd and two are held by Amoco, a subsidiary of Stan- dard Oil Company of Indiana. Ilog Prices EDMONTON (CP) -.The Al- berta hog marketing board re- ported no sales to 11 a.m. to- day at any points.