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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 20, 1970, Lethbridge, Alberta ff.i -fr.-. Aaril M. TW UWMHBW MBUUD HI i: Prices Decline In Light Trade .TORONTO (CP) Prices OB' hV-Tenato Sock Exchange were dm moderately in lifht trading today. On iodex, industrials' were down .65 to 177.75, western oils 1.42 to a new low tor of golds .47 to 16S.53 and base metaar .15 to 113.0C. Businessmen Fleeced Of MONTREAL (CP) Quebec Prorinria} Pobee hm iseoed a warrant for a man who aUeg- lured eight luiajvmmm to a Laurenaao retort boW on a false buonn venture aod On made off with valuable, to- talling A QPP spokesman from me St Jerome area, 40 mila north of MoBtreaL e ip 1 a in e d the man's operatMD this way: He pbced an advertisement b New York's Wafl Street Jour- nal'asking for an American ex- ecutive willing to head dian industrial development to be constructed m the St. Jerome area. He listed a Montreal busi- ness office and telephone. OR SuVcruSEsncnt. DC eonsequently contacted' e i g h t businessmen and invited them to a hotel for a busmess confer- that tbcy bring Losses outnumbered gains 141 to 77 with IK issues unchanged. Volume by 11 a.m. was sharec, compared with at the same time Friday. CDP Computers was up to 5. GTS Corp. of New Orleans has offered to acquire CDP shares at the rate of four GTS shares for.seven common CDP shares. Trading in CDP was halted unti this morning while regulations governing tbe pro- posed move were checked. Husky Oil, which is discussing a possible merger with Santa Fe, was up H to ll'.i- Steico, which announced at its annual tn'e'e ting that first- quarter earnings were up com- pared with the similar period last was unchanged at Consumers' Gas, which an- nounced settlement of a five- week strike, was unchanged at 'Ison Rapped or Hiding Power. Grab OTTAWA' (CP) W. Baldwin, Conservative House feeder, aid state- ment that UK goWraoeot Is jtttiiig immerae and uoprece- deitod power over the agricul- ture industry. He accused ApricuMure Mimi- ter H. A. Oboe of debberatriy what be.called "this power e-ab." Mr. Baldwin, HP for the Al- berta farm riding of Peace River, was referring to a gov- ernment, bill to establish na- tional marketing agencies for farm The bin is be- fore the Comment for second reading. x Mr. BaMvria said the legisla- tion is a "government tike-over of all dedaOD-makicg in Cana- dian agriculture" and that it would erode the provinces' con- stitutiooal rights in agriculture. Afl members of the proposed national farm products market- ing council woutd be appointed by the government and could be dismissed at any time. The agency would be removed from parliamentary turwdUanee ex- cept for the contents of its an1 ami report. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Rcadhouse and McCuaig) LAST BID Oft SAUE Quoiesl a. 7.2S a.m. Ouom) WESTEtM OIU Alir.Inex 4.a Asmara Banff....... Can ScK-tti Cdn De.hl Cdn Exp Gat Cdn Cdn Ho-r.e Cdn Ind GH Cdn Suptr Cent Del Rio Charier CMeftan Dynam Pete Frrixh Ptte 01 Plains Mill City New Cert North Cdn Oil Numac Permo Petrol Pinnacle Place Ca> Ponder Ranger Scurry Rain Soocntr Triad West OK In) Ulil PM Int Staal Ml JouW..... Crowtn Kam Kotla OH PI Mantar Nawconex ftc PcM unk Org Shall It.lttVSMI Inv PM 7.K SMI toy WK SJcki' Ranier l.7t wot Cdn Sd WHta and l.fl 7.40 1.05 1.1! .r; 22.00 UO 3.75 5.00 AcreU Anaconda Barm OD 57.75 1175 2125 27 JO 12-25 4-50 2.2S jome 334 3.U tnvetton Ott. 104! InvMtors Mfl ill i.a IOS Venture 3.M Mutual Aaum. 103 Mutual Gttt F 4.70 5.14 Mutual Income 4W S.U Natural 7.2 7.M Principal GUI 4.O 5.11 Provident Mft 153 7.14 Recent Fund I M Royfuni 5.37 Unrted Accum. 4.91 5.04 VAMCOUVU .-a Arrtk Mining .34 Aflat 1.25 Beth. Cover Brenda "'.1214 Capt. Inter. 4.25 Coronation Credit 1.25 Gloomy Future Is Forecast For World Grain Market tar wwld grain market- fiineaat by the aUWi-D MOUUSON LONDON (CP) A' future ing is Uooai CouncU ra Hi lat- est study of eonsumptioa It thai (or the not five years, at least, the market- ing tread will be Crntbrcok Croydtn Dolt, Vartel Fort MI5CELLANIOUS INDUSTRIALS Genstar Ltd.', which has of- fered to trade up to of its common shares on a two-far-one basis for BACM Industries shares, was down H to BACM did not trade. BANKS UP MONTREAL. (CP) The Montreal stock market was mixed with' banks and papers f ractiooally higher in light trad- ing early today. Senior minei and oils were softer. The Bank of Montreal gamed Atco Ind Aqutlalne aril Cdn Brew A eit-a B Cdn Kyd Car Cdn Ind Cdn Pac Inv CPR Pfd Cyonus A Cyonw B..... 61 Cdn Oil Gl Cdn Oil Sd A..... Home B..... Hud Bay .Hud Bar Oil Huoh Rus PM Husky Oil Husky Oil War Int Pro Pipe 14.10 11.15 4.50 31.10 35.75 11.54 Z5.7S 3.75 4.20 4.50 Kortti Cont.....031 PiaM Pete .35 West Warn M Leduc Cal .071 Madkon M RendaEe.......21 PIPELINE STOCKS Alia. Gas Tr. A 41.58 Inland Hal. Gas l.OVi Futurity North, Central 12.50 Giant North. Central t 24.JO caz Metre Key Ind. .1 Trans Can Pipe 17.25 Ky'l......: Trns Cn Pioe 2.10 Int. Brew. .Trans can Ptee A Jerkho Trans Can Pipe w Kamtoops..... Westcoatf Tram 1I.I7W Lomex...... slern Pacific 4.71 Lytton JHjra MUTUAL FWHOS Mt. Waahinoton All Cdn. Cemp. a-M 7.43 All Cdn. Div. 0.50 All Cdn. Ventre 3M 4.11 Amer. Gin F Canada 5.71 .53 .35 .71 .39 -44 3.75 4.00 H 12 7.13 2.17 .13 by laie decade, would mot be a- peeiad, the bass of currrat ctBsumption treads, lo be reversed k the near fu- 11.50 57JO a.25 Corp- Investors 5.44 DftylUS F U.S. 11.30 ll Federated- Fin. 4 14 4. Federated' Glti 4.41 5.14 Utka their wives along. He paid the expenses and hired a. security guard to watch over the 'groups' valuables. When the Americans arrived fbey were informed that the man bad been matte to acquire sufficient Dumber of room said he would drive them to an- othe oearby. hotel, by rented service. 'As there was not enough rood In the iBnbuBarjes for their lug- gage they were told a local tali would take the luggage, aeeom- by the man tewJf to The mae-ipl Janage disap- Moatrf te ibaon stoko were credK fffffli aod UMB IDO jewos (be. WaWai bad biuugut witb y4 Falconbridge dipped 3 to'lKtt on a 115-share trade, loco was off to 46H and Pacific Petro- leum }i'to Imperial Oil, which slipped last week after abandoning two wildcat wefts in the Mac ken lie. Delta, was steady art mi. IOS Ltd. fen 1 to W4 OB a share trade. Select Financial was active on the. Canadian Stock Ezchange and gained ft to BVi.wnile Isec Canada'dipped 49 cents to ceohi on a 400- snare trade. OB index, industrials were off to to 1.1.43 and the composite .40. to 3k. Banks were op .M to 174.B aod papers .06 to Combined volume on the Mon- treal and Canadian Stock Ex- ehanges .was shares at 11 a.m. compared with at the time Friday. Pressmen Reject Wtige Contract TORONTO (CP) Printing pressmen employed by the Soutbam-Hurray division of Southam Prew Ltd. rejected Sunday a oootracl offer that would have given them a four- day work week and a JSO-per week salary mcreoue. Tbe AJO members of Local 1, Toronto Newspaper Printing Pressran's Union, set Wednes- day as a strike SMALL LOSS NEW YORK (AP) The Grain Prices Winnipeg Groin Pricw WINNIPEG (CP) Trading was extremely light in all com- modities at mid-session of tbe Winnipeg Grain Exchange as pit operations canie almost to a standstill. Oilseeds recorded minor re- cessions from opening ad- vances but still were above previous close levels. Oats and barley drew most- ly a domestic shipper trade while rye came.in for some ex- porter interest and advanced slightly at mid-session. Total'futures trading volume Kridsry was rapeseed' bushels, flat and rye BOD-SESSION PRICES >Ux: May 'A higher Jury 1V4 higher 'Z.Wi, Oct. 1 higher Z.7BV4B, Nov. higher Rapeseed: May higher 1.3M4A, July 3Vi'higher 2.WV4A higher LUttB, Jan. 3% higher IVPAB. Oats: May unchanged Julyi unchanged 74HA, Oct., Dec. 'not open. Barley: May unchanged 1.0W4A, July 1.07K, Oct, Dec. not open. Rye: May Vt Jury higher 1.06KA, Oct. H higher VOHiB, Dec. not open. TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. a.m. a.m. INOIKTKIAU AMtibi Atooma Steel Atco Ind Atalan Sugar Bell Tel Brazil Irac B.C. Tel..... Burns....... B.C. Forest BC. CAE IncI Cdn. Brew Chemcell Col Coron Credit' Cdn Indust Canada i S Cdn. Macaroni Cdn VFcfcers Chrysler CPR....... Comlnco Cora Bath ons >Est Sea Jom Bridge Domtar )om Textile )om Stores'. Dome Fele Fern of A-iwr Ct Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda lawfcer SU Huron, Erie Hiram'Walk rriperial' Oil'. rnperial Too nl Nickel nt Pipe nv Gp A nt Utilities 27.17ft Pemblna Pp 14.UW Power Corp 13.7S Price Co 7.S7W Rothmans Shell CDA 14.1M Simpsons' a3.50 Sirnp Sears Steel of Can B.H Texaco 17.25 Traders Gp A 4.60 Tram Mtn Pp a.OO Trans Can Pp 7.4214 Union Gal 7.00 Union Oil Versatile Mfg Westeel..... Union Car Weston's B WoodMrd'l A West Cdn Sd Zenith SANKS 1.3S ll.a MOO J.08 7.50 9C.CC stock market stipped to a small loss in quiet trading early this afternoon, but some glamor is- sues ran against the trend and posted good gains. The Dow Jones average of 30 industrials dropped2.05 to 773.89. Among Canadian s-on the NYSE, Mclntyre Porcupine was down 614, Dome Mines fell 1, Hudson Bay Mining was off H and Gooderham down H. the AEJU, Scurry Rainbow Oil was up Vi. FOR SALE FIRE DAMAGE 1961 45 PASSENGER DIESEL TRANSIT BUS CANADIAN CAR-BRILL Cn MCaTHMlH Avt0 wOThBTVOQC Western Union Insurance MO Mfc S.W., Calvary 1 fft. M.A.P. Can Imperial 20. J5 AtoitreaC Nova Scotia Royal Tor-Dom Acme 15.90 51.75 14 00 Fkst Giant Y.K _ Gortdrum Gumar....... 17.00 Granouc..... 16.50 Headway R.L 18.12'A Ko'lrncer 25.75 Hud. Bay M-S 23.25 H-o'ra Fx. 23.75 Highland BeH 10.37ft iron Bay..... !5.2i Iso Joliet Quebec Kerr Addison Key Anacon Latxador Late Shore LeHch...... Langls SiMr 17.7S Macassa Madsen R.L. l.al Mfartlc G.F Martin McNeely Maybron U.OO Maclntyre not 51.25 14.00 42.DO 3.50 11.50 13.00 11.JS 1J.SO 47.53 11 "use -Maitcko Area Mftws Belcher Irm 4.3S Black Bay Bralome 2150 Broulan 17.00 Bethlehem ?.1S Brunswick 17.00 Canada Tiro. 47.12V1 Casslar 11.09 Central Pat. 1S.50 Ctilmo 21.37'A Mldrlm M.OVi'nlem Anoool New Athona Calumet New Imperial Norarda..... Nominate Opemlska .11 2.25 M Keitr Doug A Loeb Ubtow'A. Metro Sotres Hasiey Ferg McMillan Bloa Moore Corp Molsons' A Mohon'i B 00 IX JO 4JS 7.00 It Cons. Rambkf Cdn Lake Cochenojr Cralgmont Olckemoi Mine Mines E3eer Hom 6.42V4'D'Elllona 21.25 Dome Mines 1S.1M DonaUa Sl.eTA Discovery Mine -M.SV East Sullivan 1175 Falconbridge list frobeie 2.50 .20 18.50 7.00 1.15 U.OO 1.04 .17 .50 12.75 2.20 Pattino...... Pine Point Placer Dtv. p.c. EXP......: Quebec Man .rtayrock........ Cadiore ..Rio Algom Roman Corp. Sllverllelds Sherritt Gordon Silver Miller Rock Slscoe -TeK Corp; JK'A -.S3 Upper Canada Western Mines Wright Har. l.ao Willroy....... 6.55 Windfall IM.tXJ Yellowknlle Be. ,2tft Zenmac 1.47 1.75 4.40 1.25 1.55 11.00 32.00 .21 Vz 3 2.n 2.00 .12 12 JO .50 J1.50 3-30 2.15 .09 I.JO 1.21 .n .14 174.50 .19 .M 11.50' .25' -M 2.75 24.12'A 14.75 M.U'A 47.50 35.58 M .20'A 1.75 consumer! a the wealtaifr counrries switching to meat insteafe o( cereak. In the developing countries the ccmimptMB tread up- ward for wheat and other grains but new seed and new produc- tion techniques suggest that most" of this expansioai wQI be met from domestic prooucrko. The moat dynamic growth will be in of grabs, mduding wheat, for animal feed but for the most part of this grtmth is unlikeiy to offset the over-all marketing decKne for cereals, says the study prepared by the council's secretariat and pub- lished today. Certain specific types of wheat, such as Canadian hard varieties, may escape from the over-all decline. But the most that can be predicted for these escapees is that the breadmak- ing Deeds fof hard wheat hi northwest Europe "is. likely to remain relatively constant." This forecast fa based 'mainly on trends in the non-Communist worU. The council, which ad- ministers international grain agreements, says that Bttle is known about coniumption trends in these "centrai-pUnned countries "but any increase in their imports of grains is un- likely to outweigh the falling re- quirements of. the other eco- nomic groupings." VHence, the decline in world grains trade from the high lev- els of the mid-fids, which had The world deoand for meajt indicates a sharply Mgher market for feed (rain and wheM ao fir played Un- ited part in this world market because of iti high price espe- cially in relation to corn. "Lower prices might encour- age the use of wheat but it will generally be a matter of policy in developed countries whether to import the extra grain re- quired or grow U tbe council uys. 'Teed use, if coarse grams, is likely to remain small io most developing countries in the medium-term future al- though given an acceleration in domestic grain production and a this leant ooane grabs is increasing. "The global effect of tco Bomic growth at present is therefore to increase grain con- sumption hut as it also affects the potential for grain produc- tion, particularly in. developing countries, there may not be a proportionate or indeed any in- crease in world trade arising from this factor." FordPlans Truck Plant IK Russia MOSCOW (Reuters) Henry Ford II said today his Ford Motor Co. may reach agree-' ment with the Russians "in the high rate of income growth, factor could become signifi in the longer perspective." At another point the report ays: "It now seems very likely that grain production in many developing countries wffl be en- abled to rise above even the more optimiatic forecasts of a few years ago because of.the impact of the new Wgh-yieldmg ___ duease-resistanf .varieties of grains currently being intro- Host Developed countries now have reached OK stage where the average penqa consumes less wheat. In the developing areas, the switch to wheat from Hog Prices EDMONTON (CP) Hog prices today provided by .the Alberta Hog' Producers' Mar- keting Board: Edmonton: Quoted 29.45 to 30.70, selling 30.10. Average Friday 29.39. -Red Deer: Quoted 23.60 to 29.80, selling 29.M. Avenge Friday 29.W. Calgary: 'Quoted 29.75 to 30.05, selling 30.05. Average Friday 29.55. .Lethbridge: Quoted -29.80 to 29.85, selling 29.83. Average Friday 29.78. Total hogs sold to 11 a.m. Shareholders Want Firm's Records Seized VANCOUVE R (CP) Shareholders of Canadian Ply- wood Corporation Ltd, have asked Attorney-General Leslie Peterson to teoe lE records of tbe company foBowing its closure new American owners and seizure by tbe de- partment of national revenue. Harry Fan, a Vancouver tow- yer acting for 200 of tbe 308 shareholders, Sunday asked Mr. Peterson in a telegram to appoint a receiver for tbe com- pany., The company, formed as a co-operative two years ago and soW n a share transaction last November to tbe GokKeM Corp., a Delaware-based firm with mining interest., Saturday was seieid for unpaid income tax of for the past year. Operation of the firm', based on Amacie bland in nearby New Weadnfmter, were baited by Gottfidd a week ago be- NEW YORK STOCKS Supplied by Richardson Securities of Canada Aitier. T. and T. Monlgomery WarS a off .47 SS B DupSvl .111.15 Woolworttl 33.50 30 Indvst 77J.B off 2.B Geheral Molorj Westinshcwe El ia.lJVi Rairs Gulf US. Steel 37.00 IS UWs 114.M off .2V in" HaWeVer :.V. ZiiTS TORONTO ;stocfa M5.7. an M Kenn. Copper Indusl 177.77 off VoJu Livestock Calgary; Livestock CALGARY On offer to 11 a.m., about 300 head, mainly cattle of mix- ed quality. Trade was active. Slaughter steers and htifers were steady with ao strictly choice kinds offered. Cows and bulls were steady. Good to low choice slaughter steers 30 to 31.75, medium 28.75 to 29.75. Good to. low choice heifers 58.75 to 20.80, medium 27.25 to 28.50. Medium to good cows 21.50 to Z3.se, earners and cutters 19.75 to M.R. Good bulls 27.50 to 28.50. Replacement cattle and stock calves were scarce selling with Friday's prices. Good feeder steers 30 to 35, dependicg on weight. Insuffi- cient stock calves to establish a not-too-distant future" on i eratkn in building a truck-man, ufacturiog plant in the Soviet Union. The Ford chalrrcan told a news conference bis talks with Soviet automobile industry offi- cials ao far had only been explo- ratory. Ford, who earlier today "met Premier Atexei Kosygin, and conferred with Automobile. In- dustry Minister Alexander Tar- asov and Vladimir Kirilbn, a deputy premier who beads the state committee for science and technology. Ford said the Russians, had mentioned a figure of trucks a be produced at a projected plant on the Kama River in the Tartar au- tonomous republic about 625 miles east of Moscow. The Russians wanted techni- cal assistance in setting up'tie plant, and the two sides would continue the discussions. AMALGAMATED PROPERTIES LIMITED Dividend Notice Nctkfi is hereby Given that tfw Board .ot- Directors ot this company has declared a dividend of 15 cents pet payable (xi May 11, 1970 to shareholders of re- cord at the close of business en April 1970. By' order" cf' UK Ic rt. tiont! Albe'rslat Secretary Calgary. Alberta April 15, cause of capital. a lack of operating Revenue Centre Hub Of Activity BOOK NOW! CROWN ZELLERBACH PAPER CO. CHRISTMAS SHOWROOM OTTAWA (CP) The distri- bution centre of the internal department is Canada's busiest mailing pieces last year ind probably more lhao in 1970. The centre primarily is con- cerned with me mountains of material required for collecting income process looming ever ctoer with tbe April 30 deadline for payment. Annual income tax forms and guides making up toe equivalent of maifcags fun are is- sued through the ufatiiijutiot centre. Jo- come tax forme, are labelled, stuffed into envelopes with other material and mailed to individ- ual taxpayers. Another are pre- pared for mailing to post offices for other Mrndwk to partraeot the un- employment insurance, cuimas- sion, the ptinting bureaa, exter- nal affairs, Bank of Canada, National Arts Ootre, Indian af- fairs and northern development, customs and excise and agricul- ture, The busiest period Iran Octo- ber to February found the centre putting out enough mail in a week to HI a train. The centre hwi CtiHC1 BWCnBUBHt Merger Plan Under Study CHICAGO (AP) Santa Fe Industries Inc. and Husky Oils Ltd. announced here Out the firms wffl study tbe feasibility of a merger. No terms have been reached said S. Marsh, chairman of Santa Fe, and Glen E. Kiel- son, chairman of Husky. Santa Fe is hotding com- pany, whose interests include the Atehfaon, Topeka and Santa Fe Riiiwjy coccpteBy, tanbcr, MARQUIS HOTE Monday and Tuesday April 20th and 21st 9 to 5 All retailers are cordially invited to attend. WANTED IMMEDIATELY! IONC iSTMUSHB DfAURSMP M CITY Of UTHwtlOOl 2x4's CoastractioM Grade Spme Ix6's Grwk Spruce Grade 4x4 ComtrvctiM Grab Fir or Cedar Posts. I-" V tfA. IKH. I EXPERIENCE) HOME SALESMAN mnr M CONBWNCI TO BOX 73, HERALD Short of Cash? Your CmriiM Budgtl Account CRESTLINE BUILDERS MARKET LTD. [ETHBBiOOfS 123 300. N BUUDING HEADQUARTERS" 327-5444 or 327-5110 ;