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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 6, 1970, Lethbridge, Alberta April inttMHOM HBUU IH SIX I- Market Prices Dip In Light Trading TORONTO (CP) Prices oe the Teroate Stack Exchange de- daaed sractioBally in light mid- morning trading today. 0> index, industrials were down a to eotds 1.91 to HIM and base metals .31 to 117 JO. Western oils gained .04 to Gain wtaumbered losses 117 Montreal to with 189 issues un- changed. Volume by 11 a.m. was shares compared with at the same time Friday. Ten of the 17 industrial com- ponents were higher, seven lower. Crows Nest Industries rose n to 57Vi on 75 shares although the "ompany reported a 196S IKS. ACR was unchanged at 7. ACR slid it will raise its quart; erly dividend to 10 cenU from eight cents. Seaway was up lo 16. A ctaim of controlling interest in Seaway tor the Levy, family has been disputed by Seaway. Oshawa A lost 1% to 18, Royal Bank K 16 Zltt, Bank of Moot real H to and International Mogul H to Agra gained to 182.87. Utili- ties were up to Combined volume on the Crux, extradited from to face fraud and theft eharfei invohrmg about was brought back Fsreby RCMP and booked into dry pooce ceB. The B-year-eld lawyer-finan- cier, termer president of the Commonwealth Trust Co., was brought here by ceomercial jet after losing a Canadian stock exchanges was shares al 11 a.m. compared with at the same time Friday. MODERATE TRADE NEW YORK (AP) The VANCOUVER A. G. It-Btonth battle in courts against a Canadian ex- tradtian bid. His last-ditch ap- keal the Bahamian governor us rejected 'last week. Be thus became the second officer of the B.C.-bas- Commonweatlth financial to be brought here to tJon [ace charges. Cornelius liet, arrested in California but Oct. 1, is in custody here. Also facing charges is Mar- garet Harling, 55, Crux's lorm- itcck market mclied oovniwarc moderate trading early this afternoon as selling pressure continued on glamor issues. The Dow Jones average of 31 industrials at noon was down 0.86 at 790.M. Ambog Canadians Alcan Dome, Geostar and Granby were off tt and Canadian Pacific, Inco and Walker >A. Hudson Bay was up H, Mclntvre and Distillers V.3S H.M United Motors influent Atco Ind Agratec Brn Ntkl Cdn Brew A Brew B Cdn Hydro Cdn Pec CPR PM Crows Kest Cyora A..... Gt Cdn Oil Home A Horhe B Hudson Bey Co. Hod Bay Oil Hud Bay Oil Hugh Rus Ptd Husky Oil HrtUHt STOCKS J1.2S UCVi W.N. US MM 1 Nit. SI H Horrh, Cmlrsl in North, Cmtnl B 90.H (Wz Metro p M-ITVi Trins On Pipe I5W Erxlako H.OO Ftrtwrity 30 GUnt Wscd JM Grenhk M.W, Key Ind. .5-1 t.sTVihys 1.1S 1J-6IV4 Int. Brtw. J7S Jericho .13 MH Kirrlooos .v .11 Lomex 1M Mlrn 5 CO Lrtton M Ml. WtsMngttn .15 13.75 Trns Cn 3.N X2S On Pipe A 5750 Trim Can Pipe w Medrcns 54 Westcoist Trins S.ITVi New Cronln n 1M Western Pacific 'H New Imp. Mines l.n tn MUTUAL FUNDS Okinegen HellcaD. 379 A.S.F. Special 1U Primer 51 All Comp. 7J1 Pyrimld U.ITVi Wl Can. Ventre it silver stmdard 17.5 Amtr.-Gfli F 5.11 4.U T.C. ft. 71 J.7! Invest. F IM '.fl Texmont Collect MM (-M .77 Commomnalth UM Western Wna 4.M ConVfalth Lev 3.17 1TI Res .13 DM Corp. Investors Western Explora ;.B .Orowth Eoolty t.7? 1M Utlca 1.H Ret Fraud C I at deatiaes u the fiMoeUl greop nay be brenjM to bgst. U the time of the RCMP nfc, Mtcii of major the (reap were freaea nut ftie ta't appiy the Camay, which Me bet Dtccnbef D. Stalker then raecmr-inateyer, id the rakMrene action was bra because of hart thtt to wold lost through misuse. ,CES a CHARGES A total (121 eharfei of then id fraud involving ateot were filed aganat Ooi Vaiicotner and in Nassau. PoMiet, broafh here from ikerstJeki, CaBf., March M ter, waiving erfracanon pro-Kduagi, remanded in cm-day Friday to April on !7 units of fraud and theft in-jlving more than Mrs. Harling was charged tst Jtme with nine toots a aud and theft involving about ns.OOO. Some charges were lid jointly against two of the ate, wme against aD three: One court alleged Cmx and Ira. Barling defrauded two rms of securities Valued a bout m causing (he rms to provide the securities Commonwealth Investors Ud. A string of civil suite, brougfa y investors in Commouwealtl roup companies and other oos, some in the United States, re at various stages of prog-ess in B. C. courts. TA3TED WITH RAID The Commonwealth affair ex kded in November, 1968, when ICMP raided offices across i.C. on orders of the B.C. gov riuneot and seized lharges danmtenta rrcm M finns NO SALES No saks were held Monday at be Lethbridfe pubik Bnetock L Probec gasoline daily that the eorapai would need. ILL APPROVED The bQ! was lefeued to a p ate jcaiion after 'ronikki discussion and reliable aoun reported later that it wa> i iroved by the wj out major change. The aame propriatioa powers sought tacUillan Rotbesay. were hi y Rothesay Paper Corp. befc cwntrtbip changed hands. Mr. Irving said outside ommittee his eompan needed all the land tbeVown "We don't want legkslaiJan through here that could depr us or possibly disrupt our "If they're going to g somebody the right of expro{ atian they sbould exrbde th. hree companies Irvmg ming, Saint John Dry Dock i Irving Pulp and Paper. 'To take any of Quit prope away from us would be TI bad u.far as we're V rife I a-by rid be ed. wt "Tens, ire in-EM S group. Crux, who had reslgied ear-er and was not ia at le time of the said there had bete Deittar fraud nor theft from group companies bat the B.C. government's mter-eition cmueed a has tl te aa mveeticaaaB heeded by Insp. William Neil, chief the CMP's eoaomemal fraod squad in B.C. and the nan who brought Crux back, charges were filed in Vancouver last uae. Crux was arrested ea the street in Nassau last Jane and went to the city's FOK Hfll jaiL laguedby ill health, he apesi the next 10 months figbang ex-tradsalon on 11 charges. STORM BROKE There was financial and nautical uproar in B.C. when the Commonwealth affair blew op, particularly in the IMS legisla-ure session vben opposition members hammered at the iiiiKiii daily. At one stage, the Social Credit nveniment oushed throogh leg-slatkn authorizing a loan up to to keep Cornmco-wealtfa frost Co. afloat In the end, it never qualified for the loan. At another stage, the government named a face-man roya to investigate. It fat before it ever sat; saym; he' issue had become a pofitiea battleground. At yet another stage, the legislature got a look at a W63 rent from a provincial tax Bspector saying the trust eom-Muy was hi precarious financial position. It was incorporated in November, 1961. Last Dec. 21, shareholders sent Commonwealth Trust into iqaidation. They also asked the B.C. government .to set np another roya! commission. The government did not act on this MOST FROM VALLEY Almost a third of the WO shareholders are residents of British Columbia's Okanagan Valley. At the time, Co'mmonweaKh had been attempting to raise i least in private 1 oancing to qualify for the B.C government loan. The attempts were fruitless. A string of civil suits, broog! by investors in Commonweal group companies and other per sons, some in the United States are at various stages of progress in B.C. courts. The Commonwealth group has no connection with Conanu wealth Savings and Loan Co. Toronto. CommooweiMl Investors Syndicate Ltd has Prices Winnipeg Groin PricM wKNirac oumas tad rye were miT it i r ___ mi ii mKrHiVNa H fee VMpeg Craa jfirinnff -There WM t dem.jBd to EDoricr bdjfiBg SB rtMnvd with MOM later-month apread-Bf. Oflen were aomewbat thin Witt U rotnrea op one (CP) An prograa that would make it fmiiir to build mam-math supertaBken in New Brunswick is under consiaera-taon at the Saint John Shipbuilding and Dry Dock Co. Ltd. The anoaaneement was made here by the shipyard president, industrialist K. C. Irvin, when he appeared before the legislature's corporations committee to a hill that would give MacMfflan Rotbesay Ltd. Pulp and Paper Mill of Saint John power la expropriate land with aprroval'ef the New Bruvwrk been made to proceed, Mr. Irving said, .bat if carried out, the shipyard expansion would altow construction of slips in excess of tons. The program bad been under caanderatian (or: the last "six months or so." he said. We have to build some new facilities and we're trying to develop plans." WILL ENLARGE OIL The expansion would tie !i with a major enlargement the. Irving oil refinery at Sain John and development of the Irving deepwater terminal for supertankers, scheduled for opening in May, at Misoec Point, east of Saint John. The dry dock, which the industrialist described as one of the largest in the world, is feet long with a 1254oot gate, he said. Wben be spoke to the commit fee, Mr. Irving also announced a major exoansion program for the Irving Puh> and Paper Ud mill in Saint John. Equipment bad been ordere to increase the mill's capacity from 500 to "possibly tons daily." He also hinied that chemical company might locale in Saint John. He did not came the firm bu said bis roferests had met with officials of the company Thursday and assurance had beei given that the refinery could provide barrels of aH futuea fxotit November, argely due to inter-month picatfxng and piusue baying. There a fair amooBt. of eujuin buying n rye wit] buying hi Wunvpeg ant seDing in Chicago. Oats and barley wen kaac Te well pricB sfaeady. Volume of trade Friday hv dnded bushels of rape-seed, 5M.OOO of flax and of rye, IBd-eceaion prices Flax: liar bsgher Z.73H July H higher 2.73UB; Oct. higher 2.71KB, Nov. onchaoged Rapeseed: May 2% higher 5.657iB, Jdy'lU higher Nov. higher Jan. H higher 2JOKB. Oats: May unchanged July, Oct. Dec. not open. Barley: '.Hay unch i.feH July, Oct., Dec. not open. -Rye: May .H higher July tt ligher 1.0MB, Oct V Inl Nickel Int Pipe Inv Go A Int Ulillfles Indvlf Accept Kelly Dovi A Loeb..... loMaw A Stores Massey Ferq McVI'len Blot Moore Corp Molson's A Molson's B North. Cent Oglrv'K..... Pp Power Corp Price Co Rontmans SMI Simpson's Simp Seers 5'etl of Can Selkirk A Texaco Traders Gp A 1.25 Trans Mtn Pp 1.00 Trans Can Pp 7.12ft Union Gas 72.00 Union Oil 1.35 Verjlile Mfg WeslMl UrJsn Car Weston's B A WfJt Crln 5d Zenith BANKS Can I rncer [el ___ Montreal 15.C2U Nova Scotia 53.50 Revel W.J7V4 Tor-Dam MINIS Acme Advocate Alb. Akaltcho Area M'nes Barnat..... B'lcner Iron Black Bay Braforne..... 11.75 1450 I47S ttJO IS 00 47.00 37.35 33.50 It.OO 10.00 11.00 22.50 7.a iS.i5 21.75 2050 'S-M "00 17.00 13.25 77.50 11.75 UK i.n vm 1850 1.S5 Brunswick mn Ctnedt Tung. IsliTVi 4t.OO Chlmo ?7.fO Cons. RtmHer M.N riln Lekt 15.00 Cochenour Cralomonf 7.00 Dkkemon MlM Denlson Mines Dt-r Horn jn.nn D'Eldona Dome Mmet Donahle OJscovefY Wine EKI Maiartfc Ent SullrvKl Frobei Mirillmes Giant Y.K Gorldrum lo-w Gunner Granduc R.L. Hollinoer Hud. toy M-S Hydra Highland Bell tro" ISO Jollel 'Qw'bec !4.m'i 'Kerr AddiSMl fl-oo Key Arucon .1 3-50 tabrador Lake Shora 1375 Leilch Laigis Silver Macaua Arisen R.L. Malarlfc G.F. Martin W.cNeely Maybrun Mela MMrlm Intern Mogul New Alhona New New Imperil! Norlhpste Opemhka Oslsko .10M Pallno 3.M Pine Po'nt .51 f Inter I'.'Jlt P.C. Exp 7.20 Quebec Mrn Rayrock Rsdlore '.i. Rf9 Afgom Roman Ccrp, Sllwrtields Sherrltl Gordon Silver Mrirer Steeo Rock' Shcoe Tek Coro onf 27 JO nil 1.70 70.75 7S.7.5 21.00 .1J .43 3.15 7.15 .74 1.45 ili 1.41 10.K 11.00 32.25 .21 4.50 2.W 3.30 .15 14.3TO .50 .14 1.41 171.00 <.23 1375 .74 rl! 13.S7VJ 3.70 1.70 I.M 2.15 3400 U.2S Texmo Upper Canada western Mines WrhiM Har. .IOV4 Wlllroy I.n Windfall 1.30 YeiroisknKs Br; Zenmec .T2 41.JO 1J.7S 3.60 22.50 3.M 161 MS .71 7M Strut Joining United Mdorj, leh has held1 positions of Increasing responsibility and In hi! new position will ca-ordfnaft Ihe op- erations of the portl, tervke and shop (ocililifi at well as Htrti A Cor Division. NEW YORK STOCKS Supplied by Richardson Securities of Afrer. T. Ind T. Antcomsi Chfyi'er Comsat...... Dvponf General Motor) Gt-ll..... Ir.f. Harvester Copper MOO Montgomery Ward M 50 20 Go-ds 170.H off 2.97 10 B Mets 117.11 eft .31 72.7S x fridwt' j5 WestktgniMli (I UMfA U.S. StKl 38.12'.'] 4 TOROXTO AyiMfttJ M.mi 7H.N off -----V] 30 Rails 173.77 oil M Under the hood of every Toyota Oown, there lies an overhead camshaft engine, tf you haven'f the slightest idea'what thai is, don'l worry about it. tant thing is what it does and why it's better. First of all, it's better because it delivers more performance from less size. That's why the overrtood cam is mod in all Grand Prix race cars. And (hat's why the Crown doesn't need a gigan- tic gas-sucking engine to make H go. On the contrary, the Crown has a top speed of 105 mph, and gets up to 22 miles to the gorlon in town.; Secondly, there ore fewer moving ports in ovr engine. Fewer moving parts means fewer problems. Fewer repair bids lo pay and more hours of trouble-free driving time. Last of all, it lasts longer. Vibrotfon ti Hje biggest killer there is, and 'the overhead cam vibration. So rt lasts longer and runs smoother. In fact, the entire car lasts longer.and runs smoother. Not only because of the engine but becavte of a lot of things. The independent front suspension, unit body construction, heavy perimeter frame, and the workmanship. The workmanship is flawfeu, inside and out. Everything fits so well, and so tight, that Ihe Crown ranks at one of quietest cars on the rood today. H's a luxury car, but more important than that, a sofe cor. Designed and built from the bottom up with thot in mind. In addition to government safety the Crown has a collapsible steering column, an'impact absorbing body structure and a dual broking system. The luxury we spoke of is already there when you buy the car. The only things you might want to add are an automatic transmission or a radio. Everything else is standard equipment. Fully reclining bucket seats, tinted glass oil around, reading lights in back that don't disturb the driver, c light under hood, a rear window defogger, deep pile carpeting and plenty of quiet. H's our finest cor. We gave it extra time and attention. We used the best materials. Mode it safe and comfortable. And put a high performance engine under the hood. f you've never driven a cor with on overhead com you con by simpry teeing your nearest Toyota dealer. See him soon, before you buy that intermediate model From someone else. He'll be happy to let you drive Toyota's top of the line. The Crown. Sedan and wagon. TOYOTA CROWN Tovola cars are sold and serviced from cocuf lo coast In Canada and rfirougficru! the world. UTHMIMf TOYOTA TUVEL. CENTRE IS UtilS 11803 off 33 -ww-i x I Hierrwer UceM et Ferm lipyflei Tiliplieiio JJ7JUJ U Slocks of! KENWAY TOYOTA 10M, TAItt, ALMRTA THEPrlOMt: 5JJ-J434 ;