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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 13, 1970, Lethbridge, Alberta April 13, THi IITHMBOI HOAIO IS MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadbouse McCuaig) LAST BID OR SALE IK. QuotM) OuottO Omttt) Downward Market Trend Continues WtSTtHH OILS trading today into Us seventh session. TOBONTO (CF) The To- rotjto (tack market dropped in light mid-monv ud moved consecutive 11 OB index, bidustnals were dowi to western oiks i IS to and base metals 115.SJ. Golds gained 1.05 to loots outnumbered gams 157 to ITS issues unchanged. Volume by 11 a.m. wae compared with at c time Friday. phone and Telegraph Co. debt issue today. The Dow Jones average of 30 industrials at noon was behind Cdn DeM..... cdn Ex Gaa Cdn Crlgol Cdn Ind Gas Oil Cdn Long Island Cdn Superior Cen Del REo Charier Chieftan Dynamic French C-t Plains...... Mill City...... New Cont..... North Cdn OH KVmac Perrnp........ Petrol Pinnacle Place I nil Utilities Pld 30.17V] Grouped Income tO Inter Sttel Pipe 515 JS Jetftnon Lake 123Jrt fS joutel IOS Vanjores in 55U IS 2.2 iii ui la Prhctoal "th" S.T provlirt m 7.M ffiae of the 17 industrial, com- ponents were lower, six higher aid two unchanged led the hv dustrlal decline. Southam dropped VA. to Western Broadcasting I to 21 and Ma- cleanrhuBter 14 to 14. Seaway lost IJli.Trad- inc in Seaway returned to a reg- nlar delivery basis Friday but 100-p'er-cent margin require- ments were continued. The Levy family of Toronto claims control of 63 per cent of Set- way'i ootatanding stock. Walker-Gooderham fen 1 to The company's sht-month earnings Increased to a share from in the similar period last year. PRICES DIP MONTREAL (CP) The i Among Canadians on the NYSA, Dome -Mines fell IV while Hudson Bay Mining and International Nickel were off Canadian Pacific was up -S and Granby Mining was up Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Fairly aggressive trade in rapeseed continued weil into mid-seseioii today on the Winnipeg Grain Eichange with prices three to five cents higher. Exporters were the best buy- ers and there were tawxafirnv ed reports of substantial over- seas buying. On the Amei, Molybdenite Canada advanced Vi- la other commodities trading was fight. Flax lost some of its early gains and a small volume of trade' was maintained at previous close levels. Oats, barley and rye had light trad- ing with.some inter month jreading in rye. Friday's volume of trade m- 11.75 7.W 2.11 7.7S 1-U l.W 7.M l.M 1.2} l.tt l.U .71 "s J4.SO 3.9fl MISCfLLAHEOUS IMBUSTHUUJ Atco Ind...... MM Aquatalna 20.75 Sril Nfid Cdn Hydro Car 11.00 Cdn Pec Inv PM 27.00 pfd s Nest Ind iS.a A..... Cygnus B..... Gl Cdn OB l-y> Gt Cdn Oil S Hf Home A...... B 3075 14.00 tt.50 KalMT Res Kotn I L Ont Port Cem 7.90 MGF Manage 9.40 Mentor 10.UV4 Kewcone PacHk Pete 31.15 Rank Org..... Shell ln> Shell Inv Mli SFcks Rar.ler 4.50 West Cdn 5d Pic 2JO While Yukon jljo CALCARY Acroll Ana Pete E-rora Oil Xamait: .......35 North Cont.....03 pisms Pete West Warner .45 Business Spotlight I CJ Housing Demand Growth Seen OTTAWA (CP) About the i CMHC estimates that families middle of this year, the number who are now doubled-up in ex- S _.' _L...u Beraltt R Infer. Coronation Crtdit Cresibrook Scurry Rain Spooner West DeuHa Quhalla Rexdate........ PIPELIHl STOCKS Alll. Gas Tr. A ff Inland Nat. Gas ?.7S Futurity North, Central 1J.37V4 Glart Mi North, Central B 29DO Granhle Gai Metro Trans Can Pipe 27.00 Trns Can Pipe A HM Trans Can Pipe w 8.00 Westcoast Trans 2000 Western Pacific 4.90 MUTUAL FUNDS A.G.F. Special SSI 1.25 MJOVl 4.75 5 I 1.3S .55 bousing. Central Mortgage and Housing Corp. estimates that Kcoounodation Untie to split and seek separate accommodation. This is what the agency calls "undoubling." From a demand of about new houses and apartments la the early 1950s, this demand rose in the late to more WT. than In the early 1970s, it the current may fall back to and to A_____i t M 1iyXVr of lamiBes in Canada should reach twice what it was in 1MO and more than in 1959. The figure Is important in projecting sales in all lines of but particularly in growth ill demand.for accom- modation will jump to nearly in 1971-76. The federal government's housing agency estimates Key Ind. Brew Jericho Kamloopi Lornex in the late 1970s. A major growth thrust is seen in the demand for separate household accommodation by s i n g 1 e people-young unmar- 6.01 6M prlmtr "nT' H'l5rt IKS? ll" vSSn 'Mines V. S a rS a- is Int Pro Pipe Wts .71 jo 175 .13 .11 lit .13 JO. .IV l.M TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes! a.m. nation rate of more than in 1967. CMHC's. preliminary figures show marriages last year, a record and an increase from two years earlier. Net movement of married fem- ales into Canada was 26.900, showing a drop from two yean earlier. DIVORCES DOUBLE Deaths of married persons numbered last year, up fnm in 1967. And (fi- vorces zoomed to nearly double the rate in the preceding late 1960s to a current rate of about a year. CMHC sees tt rising to a year by the end of the 1970s. Two ofter factors enter Into nusing need for replacing obsolete existing stock of housing, and the need for some eieess stock to moderate price pressurec in Canada's open housing economy. CMHC current demand or new houses and apartments to replace those needing to be torn down running at an annual rate of about a year. By the end of the this may double, to a year. In 1980, all of Canada's pre- Second World War housing will be at least 40 years oid. One of the important pres- sures shoving bousing prices 19 in recent years has been the shortage-the lack of sufficient vacant avxommodation to act as a brake on prices. From the late 1950s, when Canada had an average of more tan vacancies, the figure dropped to in the 1960s. Now, CMHC would like to see this move up to in the 1970s. Soviet Fleet In North Sea OSLO (AP) The Norwofiaa defence staff reported today that unusual Soviet naval activ- ity has developed off the in the Norwegian Sea and the North Sea in the last few days. Involved are about 30 T-----'" from Soviet naval bases in North Sea and in the Baltic. They now are moving westward after sailing relatively near Norwegian coast, a staff spokesman said. Thus far the Soviet fleet hu carried out tactical and convoy manoeuvres. New MiUion Bond Issue Made By Ottawa Montreal stock market provided investors with little encourage- ment as light trading and de- clining prices marked the early session today. Charter Industries, which dipped sharply in active trading last week, was cents to 2JO. The company plans to give control of several subsidiaries to Audio Visual Intematie'nl Corp. m exchange for XD.OOO common shares of Audio. Dofasco, criticiied by the fed- eral. prices and incomes com- mission for raising tinplate prices by five per cent, slipped to Other steel issues were weaker as Steko eased V On offer to 11 a.m.: about 130 bead, mostly slaughter steers of mix- ed quality. Trade was rooder- active. Slaughter steers, heifers and cows sold steady with last week's dosing prices, quality and condition considered, no bulls were on offer. Good to krw choice steers 30.35 to Sl.Tfl, medium 29 to 30; Hog Prices EDMONTON (CP) Prices to li A.M. supplied by ttie Al- lerti Hog Producers Market- ng Bond: Edmonton: Quoted 29.10 to 29.25. Seffing 29.15. Friday av- erage 29.14. Red Deer: Quoted 5S.M to 29.25. Selling 29.20, Friday av erace 29.14. Calgary: Quoted 29.20 to Setting 29.25. Friday av erage 19.23. Lethbridge: No sales. Friday average 29.36.' Total hogs soH at 11 A.M Sows at ril poirKs Total hogs sold Friday Average good heifers 29.25 to 30.25, me- dium 27.85 to 29; medium .to good rows 22.25 to 24, tamers and cutters 20 to 22. Replacement cattle wer scarce, mostly steers selling a steady prices.. Good feeder steers 31 to 35.70 depending on weight. There were insufficient good stock calves on offer i establish t market. Good butcb- erweight calves 32.25 to 35.40. Hogs f.o.b. Calgary to 11 29.20 to 29.25, currently 29.25. effective yield of 7.4 per cent when held to maturity. REDEEM SUTURING BONDS The to be raisei in the new offering will be use to ttS.WriledlBODgard Leslie, "thi apparent tries. "These ueveiopments have given rise to serious concern by loth ckmjestic and foreign inves-. ors as to the feasibility of com- mitting further venture capital to Canadian the letter 'White in theory ft would be highly desirable if all Canadian resource projects were wholly. financed wilhin the country, the I simple truth Is that iiwufficient ent'thatlidrat governmeiit han- dlipg will be required imrnedi- aldy to both repair Ihe damage already done to our image abroad and to stimulate future Qowi of capital. Farm and Ranch Special ROUGH CONSTRUCTION FIR DIMENSION 4x4, 4x6, 4x8 and S( 85 risk capital is available. "K is therefore readily PER 1000 Biilding Supplies -PHONE- J2I-70M, 32H644 LYIE DAVIS CofMrefilhAvi. WCK STYNIB onJ 34th St. N. ;