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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 7, 1970, Lethbridge, Alberta 7, LEIMMMf MUUB 13 Market Remains In Steady Decline MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal Supplied by Doherty, KaadhouK and llcCuaig 8m. LAST BID OK MIX TORONTO (CP) The To- stock market declined fa light mid-DMn- trading today and moved fatofe thml consecutive dotre- Od J3 to golds 122 to and base metals .01 111 Jl. Western oils gained .92 to 1X57. Volume by 11 a.m. was compared with at the same time Monday. LOCKS outnumbered gains 12 to t5 with 194 issues unchanged. The exchange limited trading in Seaway to a cash1 basis only and imposed1 looker-cent mar- gin nojnirements on trading ol the stock. Seaway common traded' al UU on 720 shares, up IK from Monday's close of unrestricted trading but down 1% from Mon- day's high on cash sates. The estrange soid trading ii Seaway been aceorrrjonied by incrwing problems asso- ciated with settlement and de- anery of ontritatiding items.'1 Atlantic Sugar lost to IH Glengair Group Ltd. said chase common Atlantic Sugar shares at HO each from Trafalgar Investments Co. Ltd Texas Gulf Sulphur lost 1 I Gulf to Patino.: to 41 and SberrUt H to SELL STOCK MONTREAL (CP) The Glengair Group Ltd. says it has completed an agreement to pur chase common shares of Atlantic Sugar Refineries Co Ltd. at a share from Trafal- gar Investments Co. Ltd. ac that it will make an offer f m. Uf F m 111 m iii 1.N Ptrmo r.TS 1U Ltf 1.1S 1.57 .72 CAUMY Worn C.t Pouter Rangsr Scurry Raki SpOOner...... 2. Trtod S West Dae MISCELLANEOUS _ lllJVi nrcLiNt srooti Atta. Gas Tr. A Alia. Gas Cdn. W.N. 1JS tn UT ID U3 4.71 U3 Jl .14 IS an UWt _ 115 .B.C. Suger" uSr...... OwcMII .......5.M CoreMtlefl Otdff 1.3S Cresrbrosk Creyden...... M Grain Prices WINNIPEG price con- baied well into of the Wirtpeg Grant Eu today but the volume -J{ KorK CentrS Endako .V "B cantril a U.S. Giant Atatcot Caz Metre......its Can Plpa 1XBV4 Cr, Ftftim XM I7.OVJ CM Pipe A 1.17% Trans Can Pip. w Tri Granfsl. Key try's Int. Brew. Jericto .a ll.llVi 13.75 13S .a 175 2.75 .11 .11 eeatera feedn win frac- tioaaBy stronger aid barley steady. A light trade, with bter- tEonthaad inter market OCTCiOpHi IB Afterta wheat acreage thkl year is expected to a iharp decrease of Jl per cent r IMt, wbfle alttut crops and ivestock productiee k ex- pected to increase substantial- According to the Afcerta De- partasent of Agrieuttara, this wheat acreage reduction win some l.t saffian acres ta- ken out of wheat. An estimated M cent increase HI rape- aeed production could put near- FUz: Maj K higher 1.73HB, July higher Oet 1H higher 173A, Nov.'H higher IN M MUTUAL FIMM Lyrtan MM. Ai: Cdn. Come, 7.37 17.014 All Can. Dtv. til Ml Haw 17.8 AH Vantr. tM IM OkaMgao ITS Amcr. Glh F 5.5J Primer...... .71 ll.os Canada.Gro.Hi 414 4.75 standard 1.K can. tnr. Fund iM T.c. Ex....... M W.OO Collect Mtl US nm 11M U1T Western Mines 4M ILOTYCom-wealtri Lw iM IM Wtstoast Res Xt 31.00 Corp. Investors S.O Western Expton .IS 4JS Dreyfus F U.S. 11JH170 utlca ........1.11 TORONTO MINES, INDUSTRIALS Supplied by Richardson SeeorUa of Canada LAST Bm OR SALE rm, Quoin) i.'m. Quoin) i.m. ly one minion of into this crop. these acres Dow Jones average of 30 industrials at noon was op 1.52 at 792.70. Alcaa was off K, Genstar V. and Masse, among Canadi- ans. Dome was op Mclntyre y Prices to 11 a.m. Tuesday provided by the Akerte hog producers ihar- keting board: Czlgary: Quoted 30.00 to 30.15, selling 30.15. Honda, arerage 30.31. Letfabridge: No s a 1 e s. Mon- day average 29.72. Total hogs sold Total hogs sold Monday Aver- age 30 JO. iNnusnuAU Menom B 11J7W Norh. Ont Jf.HVi liSTVi Ptmblra Pp 14.7S Ccrp L5B Price Co Rotfsmans 15.75 05.00 Hear Bad News Alan....... Algornl StaH.. Atco ATM Sugar Bill TM..... Brazil Trac B.C. Bums....... B.C. Fornt B.C. Sugor CAE Ind Cdn Chtmctll Col CtllufoM Cll Powr Coron Credit CWN CM Cdn Indusf S S Cdn Marcml Cdn Viclwn ChrysW CPR....... Comlnco Cons Blfli Com Gia Dili Dom BrUgt Dom Dom Stores Dome Pete Ftm Ptar Fd of Amer Gt Cdn Oil Gtn Motors Gt Ltkps Pap Guit Oil SU H'.TOI, Erk Hlrim Walk Imperial Too hit WduT. Int. Pipe Inv Go A Int UtilHtos Indust- Accept Laurentide Ktlly Doug A Snell CDA SFmptor.'s 37.75 Simp Sean 33.50 steei ol Can I7.t7ft Selkirk A 4.65 Texaco 1.25 Traders Gp A l.iniTrars Mtn Pp 7JO Trans Can Pp 39.00 Union Gas 1.15 Union Cfll 10.12'A Versallte JWg ll.JS Westeel Unlm'Car Weslon's B Wocdward's A West Cdn Sd Zenrtn EKc 17.00 7.SO ts.oo 15.50 Cm Imperial 53.75 KiO Neva Scotia ._ ____ 15.12V1 Royal.......H.17% New Athona Mtcwtry Mtoa nXTV, East Malartlc Fast Sullivan 36.00, Fllconbrldga Frote 11.75 First Maritime! 11.00 Giant YX 2t.HVi Gortdrum II.CO Gunnar....... KM Gnrxtuc..... J2.ITO Heaitaay R.L. 15.00 Hollinger HJO Hud. Bay M-S 10M Hydra Ex. 15.75 Highland Bell n.Uffi Iron Bay..... 14.ITA ISO.......... 41.S2V1 Kerr Addbon i.K Key Anacon 11.IM Labrador...... 13.75 Lake Shore B.371A Leitch....... U.I FA Langls silver Macassa 1.45 Wadsen'R.L. Martin McNeety Maybrun Maclntyre J0.12VI Intern Mogul I.N 1JO 7.M 17100 .21 l.M 100 li.eo 11.00 a.a 17.50 .25 in 7.35 14.2S .52 2.B .lOVi Rapeseed: May fl, July 2H higher Nov. 14 higher 2JSU, -fan. bait- er 2.23A. 'Oats: May M hunter 74H, July not open, Oct higher 741'i, Dec. not open. Barley: May unchanged l.OCKA, Jury not open, Get un- chanced l.OSV'iB, Dee. not open. Rye: May K lower- l.OSU, July unchanged Oct. unchanged Dec. not open. Prices far dans two wheat for export to countries outside IGA: 1 Nor 2 3 4 S 1.43K; 1 Du- rum l.BH; 2 3 31.70U; IGA prices: 1 Nor 2 3 1.68H; 4 1.51H; S 6 L43H; 1 Durom I l.rttt. Grain Monday (basts ClMe Flax May 27SV4 272H 273% Jry 272H 273H Oct 272 271Vi 271% Nov. RaaeMed May 269% 263Vt .268Vt Jbr 264U 260 264V< 2241A 223 224tt 222Vt 221 221% Other figures depicting seed- ing intentions are an estimated 5f per cent increase) in flax acreage, a three per cent re- duction in barley, eight per cen increase in oats, 16 per cent in- crease in rye and mixed grains up 12 per cent. (The total Al- berta acreage far cereal grains and oilseeds (Ms year is esti- mated at H miHion Whett wtB M1 rnilHaa acres ttenpared to the 968 taeatje of orer'five mfl- lioo.) Findb.1 rnarteO for greatly increased noeaeed yields fan win be CM of gravest concerns, with India and Mexico appear- ing to he food potential buyers and Japan especial to remain i dependable purchaser. Flax may present t problem, and the added prorJuctiee may have trouble finding either a reliable market or a reasonable price. Wbeot export! are expected to be up 100 million bushels from last year, but a current drought period in China cook make thts figure even larger to a rosy jnarket hr WTO, it. here again foreign markets nil be a big deciding factor, and market with eka- comraodity contimKa to concern. This export increase should re- lieve much of the present wheat volume in storage. Beef and pork production ta Canada appear to be on the Livestock Report MINES B E IS E K E R America may soon have a big anrpkB of pork, Richard Page of durrman of the Alberta Hog Producers Market- tag BpwdL sod here. Mr. Page told a.meetfag of bog producers that surveys by Canadian economists indicate a 15-per-cait increase in bog marketings, with Western Can- ada weB above that figure. Hog pivjducfjciii in the .States was on the rise when the normal pattern called for a drop, Canadians could about hogs a week. Ust week were marketed. BAD SITUATION "This a a foretaste of a bad tttnatkn fater in me Mr, Page said. Heavy marketings causec prices to drip a hundm weight. The mrfcebng boatd in Al- berta was Drying to' even out the flow of bogs to slaughter plants to bold the line on prices anl was trying to irjcreaae do- mestic demand b, retaining home econooBst to work wit pickers supermarkets Mies promotioA. There a demeod, especially to Japan, could pick up and the Alaska market was also being ex- plored. ll.SO Tor-Dom 13.J8 77.00 ll.STViAcma Advocate Asb, J50 Akaltctu..... 77.75 Area Mines Belctwr Iron Black Bay 130 Bralome...... 16.50 Broulai 48.50 ;'ZL1S .Brunswick 15.1m Canada Tung. 4T.OO casslar n.K Central Pat. 7.6TA Chlmo a.IS Conwast 1517V. Cora. Rambler 4M Coin Lake ____ ____.. 4.75 Cochenour Loeb Crilgmont A Dlckrmcn Mine Metro Stores Jl.W Denhon Mines Massey Ferg 15.1m Deer Horn McMillan Blue UJS D'EMona..... Moore Corp 37.3m Dome Mines A 17.00 Donalda 2.25 .5! 1.55 H.37U Calumet New Imperial Noranda HorttnaK Opemlska Osisko _____ Patino....... Pine Point .10 Placer Der. 3.15 p.c. Exp...... .31 Quebec Man It.lM Ravrock..... 7.70 1.17 Rio'Algom Roman Corp. 3.20 SllverfWds l.U Sharrltt Gordon 1325 Silver Miller steep Rock .If Siscoe....... JS Tek Corp, 1.10 Upper Canada Western Mines .10 Wiltroy .n WMtall..... <3.2S YellovAnlta Br. .2f Zenmac..... .1? 13.75 .37 400 45 JO .n 12.75 21.50 .10 4.75 2.M 1.10V .15 i.30 .14Vi Nor Jan OaU May Jry Cct Dec Barley May 10W4 Jly Oct 106H Dec Rye May Jly Oci Dec 74% 7414 75 106% 106H 106% 106% 107% 106 10SH 10S Letabriige Uresteck (Supplied by Canada Department of Agriculture) On offer to 11 a.m. ISO cattle. -Receipts mostly good and choice butcher steers and heif- ers. Cattle market active. Good and choice light butcher steers meeting very good demand at firm prices. Steers ever .1300 UK. are being discounted J5-to SO cents per buodred weight Good and choice bucher heif- ers fully steady under good de- mand. The few cows on offer selling stead, wrth heifery kinds up to 25.70. Medium and good stacker and feeders cattle selling at steady rates. Choice steers 31.50 to 32; good 31 to 31.50; medium 28.50 to 30.50. Choice heifers 30.50 to 38.90; good 30 to 30.50; medium 38 to 39.50. Good cows 24.25 to 56; me- dinn 23 to 24; earners and cut- ters 20 to 23! Good light stock steers 34 to 35.50. Butcher bogs scH Honda, t.o.b. Letbbridge 30.10 to 30.25 base price; sows dressed weight 24. Calguy Livestock CALGARY (CP) offer to 11 a.m.: about head, mostly slaughter steers heifers. Trade was moderately active. gater iteers sold 25 cents lower. were barely steady. Cows sold 75 cents low er. No.boDs were on offer ear Choice .teen 31 JO to 32, good 30-B to J1.JS, medium 29 lo 30- choice heifers 30.50 to 31.1 good 29.25 to 30.25, .medhim 27.75 b) 29; good cows 23.75 24.20, medium 22J2S to 23.50, e ners and cutters 20 to 22. ReplacemeDt cattle short supply, selling at steal prices. Good feeder der 750 pounds 34 to 34.60, over 750 pounds 31 to 33; good stock heifer cahes 33.75 to 36. stock steers or daughter steers were on offer carry. CAMERON APPOINTS IPAC MANAGER IHOT, iin.iiuity m nWite alOii SaiMchMM MMiy CMMVO. H< HKCMdt Robin MwtnmbK wha kiniMii. ttjjenwwli at Ctvnvran nt MOT la nit luxury aMn. Hi la Mnfcf onvMr a alnetpr Vw SarioMmm Cond, i 9 NEW YORK STOCKS Supplied by Richardson Securities of Canada Beef Futures WINNIPEG (CP) There was moteately good trade at he Winnipeg beef Mures mar- utt. Monday with prices un- changed to 10 cents lower than xeyions ciose- levels. Open ffigh Low Close FrL Ma, 31.15 31.15 Jly 31.15 31.15 Sep 30.30 30.30 30.30 Nov 30.00 30.00 GuH .1......27.12ft 171.14 off 1.10 Int. Harvester aoo 10 B Mets lli.M off .It Texas Cult 111.25 15 W Oils up .20 Woolworth......35.00 Volume 11IM1. TORONTO AVZIU6ES NEW YORK 10 ndwl 113.1! an M 30 Indust Tn.70 up 1.52 Volume 20 RalU 172.T1 oft 15 Utlli lll.U up .H 65 Stocks 2C3.27 up .04 Potato Futures WINNIPEG (CP) Trading was fight with offers unchanged to five points under previous levels at the Maritime potato futures market Monday. Open' High low Close Fri. Apr 2.95 295 2.90 190 2.95 May 3.60 Natural Gas Sales Show Increase THE FOSTER PARENTS ASSOCIATION will meet on WED., APRIL 8th tOO P.M. tn HOUGHTON BLDG., 515 7th Street S. GUEST SPEAKER- MR. DAN CHPMAN From MM Clink AH foaMr paranK pltax try re a1t.mll Nov 2.W 3.55 2.40 CALGARY Natural gas sales, due to the combination of a- substantial basic market growth and nignifk-anHy colder than normal weather, increased to 71.4 billion cnbic feet in 1969, Canadian Western Natural Gas Company Limited reported to- day in its annual report to shareholders. This is a In- crease of 4.2 biBoo cnbic feet over 1968. During the year custom- SALMON IWtHHOif LTD. fZ7194i tTRIT JOtfM 1927 WOHI MMI02 ers were added to the com- tany's Southern ASwrti sys- em, bringing tbe total at Tear- end to This is the argest annual increase since 959. Three small communities added during the year brought the total to 91. The average temperature in K8 was degrees colder baa 1968, corjtributmg to the ncreased sales as natural gas s the predominant beating fuel in Southern Alberta. The com- pany estimates that 2.3 billion cubic feet of the increase in ;as sales was due to growth and the balance to the colder than normal weather. Operating revenue was as.lM.OOO, an increase of over 1968. Operating ex- penses, including depreciation and taxes were up over the previous year. Net earnings after interest cost increased by to Earnings per anti- nary share were up frtm of the previous year. Capital eipendiUues in 19M were halfof which WM ucToufiu to cuustaucuou of facilities to serve new custom- ers, UBS includes connection of 604 new rural customers. The company's pipeline network now totals miles. In 1970 the greatest requrremeut for farther investment will be to provide service to new custom- er extensions and capita! ex- penditures are forecast at The company estimates new customers will be added in 1970. Marketable gas reserves in fields connected to Canadian Western's systeri osli- maied at billion cubic feet. Last year 59 per cent of Canadian Western's annual re- quirements came from pro- ducer-owned fields west of tbe city. STEVE GRUZAMAN IOW ISIANO, ALTA. FARM AUCTION 4 Mikf tort, 6 Mibs South, 1 Mile East and V< Mite North of Bow blend Thursday, April 9th SAIETIME 140 P.M. .TERMS CASH FARM MACHWHT Moiiey-Karrll Tractor (motor overhauled S.f. Combine, 60 Special pickup and rttl. John 10-ft. Binder, P.T.O., John Doubl. Seed Drill, 10-ft. 14-inch. 3-bottom flow, MaiMy-Hom. Swattrw, P.T.O., On. Weed Sprayer, IMC 12-ff. Hod Wewler, 30O-gal. Wafer Tank. S-Section Dia- mond Horrowi, Drowbor, Thre. 3-ft. Section .Crowfoot CocVshult Cultivolor, with hydrau in, IHC 12-ft. Oiiter, with leecfer ortochmennl and Macleoat 14-inch HamiVHr Mill, complet. ond portable, Moisey-Katril Kubber-Tired Hay 21-ft. Moyrath Auger, new and Stratton Motor, 10 h.p., 1958 1-ton, box and rocks. LIVESTOCK 7 Stotk 3 wltfi colvw ot side ond i to colvt In May, Milk Cow, fresh for 2 month.. MiscaLANfoin Mocfeodi Pump with W-h.p. electric motor, 100- oal. Stock Wom Trough, J-Comportmcnl SOO-oal, Goj Tank, Viking Fanning Mill, wilh M-h.p. electric motor, Power Saw, 34-in. blade, Bfoodn, (.nth Vis., 6-12 volt battery charg.r. MISCEtlANKXIS SHOP TCKHS AUCTrONIHH HOHi Mr. Onmitmw KM t. fir. fWMMl mONHIfl NOn-. Mr. Ormmon bin OKriaHl onr. fern, h itHrint his mochirwry cmJ liwtrKk for i ky TWi has bin ImptcrW ami IM! k b ymr H JCNSCN Ik. No, (VKM14, Tobof AlKTtONKRS JOHNNY CAK1TON lie, ACME TELEVISION T I I I CLEAN-UP; USED TVs j j ONE WEEK ONLY USED TVs hi Working vOflCMnOfl t i i i USED TVs 30 Day GuaranlM (Parti, and. labor} 491 USED TVs 90 Day GuarantM (Parti and labor) USED TVs 1 TOOT 100% OmrontM ond 100 met TELEVISION LTD. ACME MS IM St. N. 1UVMOM H OUR MMU NAMI" I Plioiw ;