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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 21, 1970, Lethbridge, Alberta 1 TfaVT iirsiM-ss A 1 AM Uvwtock (Supplied by Canada DtpartiapBt at Oa eHar to 11 a.m. IM Market fnde and yield Good and boldaw heifers meeting very good demand at firm prices. No eawa aaM early, other daaaaj iteaiy. Choice heifers JO.J5 to good 29.50 to M; nedtum 23 to S. Medium a to 23; can-Ben and cutters U to INo. 1 Loi 3f Pelroleum Pro CALGARY (CP) Canada, ranked 15th in worU oil Prices M In Light TOHONTO (CP) Pricei an (be Stock Exchange were mixed in hfnt mid-morn-lag tradiac today. Otodex, industriali were np M to and western oils .77 to 172.42. GoMs declined to and base nulals .01 to iiut. Volame by U ajn. was shares, compared with at the some time Mon-. Loani edged eot gaiM 121 to 201 with 189 ifjues Trade ta reapenae to Preaooit toon' pian to wtlhrinwlM.OOO lops from VietDMn vstusu toe sext 12 months. Seen- mines aad oils staged a light recovery with Fatcon-bndge op ta Hi to Itttt ta lead adraaeiDf ivdes. laoo gamed VI to tPA, Imperial Ofl Vt to and Canada PipeUaes U to 271s. Hmky Oil, which is ducosang merger with Santa Fe Inrjus-tries of Chicago, was lachanged at n. Soutaam Pros decHned 1 to 52 on a 100-sbare trade and Vel-cro Indnatries to 251i. On mdex, mdustriab were np SI to ntintief .71 to 13222, bbe compoaite .51 to 73.98 and papers 1JO to 116.63. BanlBwere 173 JO. ContbuMd WJIBIV on toe and Canadian Stock wu at 1 a.m. cctupaied with at bbe same time Monday. BRISK ADVANCE NEW YORK (AP) The stock advanced briskly this morning hi whet analysts said was reaction to President Nixon's V i e t n a m withdrawal speech 'and then settled back early in the afternoon. The. Dow Jones average of 30 ndtHbials at noon was up .40 at 766.27. It had bees np 3.10 at a.m. Dome Mines fefl 1H among Canadians.' Granby Mining and indson Bar Mining were up Vi and Distillers Seagrams Vt. On the' American Stock Exchange, Brascan Ltd. was up H and Jupiter Corp. K. Scurry Rainbow Oil was 'off mostly ilnaaMtr tattle. Trade active. Geed aad ktekar atom nxetiag Eood tanand at atnog cows aiu aarly. Choke aieen UJI to 12; ta 30; U to te hofs said Moodat F.o.b. 30.M base price. knsdred bogs Hid for export price concrted la M.1S liveweajlat Monday.'s aaka 'har. AQ eiaevei weaaer and aBeoor, nogs nesjaag nai raand. Weaaen ar mare HA-f. feeden kisder fee. (1 hujher. Hetny feeders 100-130 In. steady. There no heavy leeden orer IN fee. on offer. Weaeen 17-2t75; Kght feed-an aider la. XJ5 to heavy, ieedm MTto 131 Ibs. to H. AB prices per bead. .Light feeden' under. 100 Ibs. X to 44 per cwt; berry feed-en 100 to 131 ate. 27 to 29.75. Calgary Uvwtock CALGARY (CP) On offer to 11 a.m., about mostly slaughter steers ant heifers. Trade was actrrt Slaughter steers --were 'fuDy steady ta 2S bigber, holers were S lagheri cows weri scarce at steady prices and bulls were steady. Choice slaughter steers 31.50 to 32.20, good 302 to Sl.S, medium 28.75 to 30. Choice heifers 30.25. ta good a to I 30 medium 27 35 to 21.75. Gocx cows 22.75 ta 23.10, ipeduim 21.50 to 22.50, canners and cut ters 27.50 to 28.80. Replacement cattle were in short supply with most kind steers weighing more than 750 pounds. Good feeder steers more tha 750 pounds 30 to S3. IncufQcieo stock or slaughter calves were offered to establish a market. Portland Livestock PORTLAND (AP) lunlh-largest praducei' of pe-roleum in the world, ranks first per-ciplfa consumption as its item uae the stuff at a rate of S2S gallons a year each. These are a couple of interest-nig bill of informaiJoo from a booklet entitled facts and Fig-urea shout Oil in Canada, published by Imperial Oil Ltd. The booklet says Canada uses more than barrels of oil products a day, with 41 per cent for traosportaiioi and 50 er. cent for residential, com-nertial and industrial purposes. he rest goes into non-energy roducts such as asphak, petro-lemicals and lubricants. A ractiosjjal. anviiHrf- is cofisuiotid n refinery operations. It says petroleum has been produced in Canada (or .113 but it was not itnlil 1W7, rhen Imperial struck oil al Alta., mat the country'! rydrocarbon industry acquire! leading role. At the end of" 1946, and .16 countries had plater proven reserves. Can-ida then the jer-capifa consumer of oil prod-ids. This meant 'an estimated petroleum trade deficit of more than that year. At the end of 1969, ft was the ninth-largest producer and was Hth in proven reserves. COMPARE REVENUE Canadianproducers spent by the end of last for exploration and development and the rest for operations up to the poiot where- hydrocarbons entered transmission lines. Net income for the same period was for a deficit. The increased on productloD resulted in marked changes in the role oil played in Canadian energy production. Coal met 46 per cent o .couragement from the New York market which M Block Bros. M5 Plata Placa t'n Laduc Cal Ponder ,a Madron 23 Brenmac B.C. Sugar 17.25 7? nc. Suoar ofd Pri Hydra Ex 21 B.C. Sugar 17.23 Texaco 23.00 Highland Bell J.05 CAE Ind Traders A 10.37V4 Iron Bay 175 Cdn trew Trans Mtn Pp 1525 ls> 2-00 .Chemcel! 7.i2Vi Trans can Pp .-31-25 Jollel Quebec .2S 4-75 Unkn Gaman n cnda to To consumers (b cartons) A large R; A meatel 42 to 43; A a liar JJO 3.75 Nor 13S XSS March ,2.B 2.65 Beef Futures WINNIPEG Porjttry To producer! inactive Me. 1 chicken Fowl Under 4, to 7. Torkey TMer 12, 27; 12 H, Mi; over 18, 26. lire No. 1 chicken Broil are, 17H. Turkey Under 12, 24; to M, over (CP) Trading Uonday OB the Winnipeg live beef futures mar- ket Prices were steady with previoui cioaM. Iln 31.S5 31.66 July 30.K Sep 28.70 29.70 Nor 29JO 20.80 WANTED IMMEDIATELY! LONG ISTAIUSHB> DEALERSHIP IN CITY Of 1ETHMIDOE Requirat EXPERIENCED MOBILE HOME SALESMAN ond ejipenM oltowornw open to REPLY M CONFIDENCE TO BOX 73, HERALD Col Cal Pawtr Coron Cradlt CWK Gas Cdn Indust Canada it.. Cdn Marconi Cdn VMun Chryslw CPR........ Comlnca Cora Barn Cons Gas Dbt SM Dom Bridge Doirfar..... Dom TnctIK Dom Stora Fam Plsy ft of Amer Gt Cdn Ml Motors Gt Lakes Pap OR Hawfcar SM Huron, Erto Hiram Imparlal OH Imperial Too Int Nlckal Int Iny Go A Int UtltltlM Acoapt KMly Daw A Lost....... LoMaw A Metro Stores (lHaMiy Ffrg McMillan alga Moors Cora MoMn-s A J2.2S Unkai Oil Ul Mfg 1475 Wtsusi Union Or 3UO Waslon-s I 4.CS Woodward's A 7.50 Wsst Cdn Sd MOO Zenith. 43.00 3.40 12-U 13.00 22.00 17JO l.K 1.45 CM nS S1.50 1'W 15J9 Tar-Oom ll.oo MINIS 1J.M Acme....... M SO Alb, 10.I7U Akaltcho..... 47.7S Area Mines ijt Iron 74.75 Black Bay 14.25 Bratoma..... lifTW Broulan 2.30 Bethlehem K.tttt arunswlck 47.00 Canada Tung. 1S.I5 Casslar 15.25 Central Pat. 47.IIV4 Chlmo....... 21.00 Conoast 7.75 Cons. R-.. J7.H 14.st Cochanaur Craigrnont a.75 DkMnsvn Danlson Mines toy, Daar Horn 15.25 CrEldona..... Dom M East MalactK i East SulIMn Key Anacan Labrador Lake Shora Uitdi Langls Silver Madsen R.L. Malartic G.F., Martin McNeely New Calumet .11 New Imperial Koranoa...... Notngata Opambka Osbko....... Patlno...... Pine Point 2.30 JCl 1.3S .U 1.75 JSto Placer Dm. 11.75 1.11 99.09 3.15 1.4] 12.75 .17 .0 12.50 2.20 M.OO M 1.10 P.C. Exp. QurbK Man Rayrock Rio Algom Roman Corp. Sltnrnekls Shtrrm Goroan Silver Millar StMB Rock Sixos....... Tek Corn. Wright Har. WVProf....... WMfatl Br. Zenmvc .42 30.50 3.30 S.10 .12 1.40 1.22 .a .22 .21 2.75 34.12ft 14.25 14.MVS 47.00 M.12V1 43.2S 1.71 .37% U.37W UB" 2000 4.00 2.SD 7.M M l.H 4.U .IS 1.40 supplied has than wood. Twasv -five yean later, oil aappaed per cent, natural (as 21, CM! about 14, hydro about 10 aad about one per cent. Canada's oil production tlnee he Leduc discovery multiplied 50-fold to an estimated uirek daily in IStt. Domecbe emand increased MO per cent. The needs of Canadian refin- eries west of Ottawa are (up- primarily by domestic crude oil while Quebec and the Maritimes get mostrjr Imported crude. Exports soared to bar- rels a day in 1969 frou a day in 1J46 and barrels other petroleum products ere exported compared with none ta 1946. Imperial say< Canadian de- mand for petrochemicasi In- creases steadily as plants man- ufacture a variety of chemical raw material and intermediate substances that go into auch hings as synthetic fibres, rub- ier, detergents, plastics and ertiliiers. OUTPUT BEHIND DEMAND Petrochemical production, (jvever, is not keeping pace Mrts increase aHfaugh Nine export markets have bean, de- veloped. Canada's oil travels through a network of longest of which is a KM that carries Alberta oil to Port Credit, Qnt, with npur Inn serving adjacent U.S. markets. Construction of new refineries and expansion of existing multiplied Canada's capacity al- most 500 per cent since 1MI. Last year, the country's 40 re- fineries processed bar- rels of oil "a day. Imperial says motorlats for gasoline at a service station twice what the oil company ro ceives for it Toe difference is mostly taxes. In oil (at cents (it .tin gasoline doDar, service sUtion operators the provinces 23.5 and tha fed- eral government per ceot, !n 1969, the computes1 rtare was 39.1 cents of the dogar; the operators' 18.5, the utuvinuai' 37.f and Ottawa 4.3 per cent These'figures are baaed on the avenge price ot rrsjular- grade gasoline hi priadpaj Ca- nadian dties. i MCanadajebyou to Britain 3 times a week. cORREGION The Following rttrra In MARSHAU WELLS COLEMAN AD Should Hove Rwod As Followf: DaUXE THREE BURNER CAMP STOVE.. COUMAN CAST A1UMMUM GRIDDLE........ 39 8 NEW YORK STOCKS Atntr. T. T. AnKonda...... ectK. SIMl Chrystar....... Comsat Dupont....... Motors Int. Hsrvalttr Cupper MunHenaTY Wars) sjjTnsnn........ai.75 Oil N-J. M.2S JS.17V1J T.MlOutf.....Hi 00 KM Tens 11J25 71.00 Westlngnowa El KM U.S. SM ......37.S9 2S.50 TORONTO AVtKaOBS S4.H Indust 177JO off .03 OoUa oft 1ST I 111.42 off 15 W Oils up .21 Volumt NEW YOIK AVItMES IndUt 77427 up 20 Rills .IS IS Utlls 113.40 ofl .31 65 Stock! 2S6.S7 off .81 Volume 318 6th St. S. OPEN AND Phom 3274727 TILL f P.M. RITCHIE BROS. INDUSTRIAL AUCTIONEERS Offitr fay PvWfc Avctivn 0t Sow CONSTRUCTION EQUIPMENT VETBtANS CONSTRUCTION MU MOS. TIANSPORT LTD. MAY EDMONTON, ALTA. FUTMI rnms T Cat iMehr (Ww invtar hwnh 1H7 Cat MC _. _ j- MniJil 14A HMOTfl 1'ivm Can f22 VwMbrj Mkkiajm 5JA IH7 todriKM) (2) 1MV Komrtrrh MxM m Track TrMm, (9) IfM Tnck Trwcran; WHI KWWWlh ItM Wnrt. MWH 4MO; (4) TrvciV Trairvni Hnt II Mt irmM TawoWm Trach) Uw VW, M W fm naa1 N ten Cxrt 100 KW UfM CIDAIUnOt COaVnAHPtlt CTVJHtK POWtJt Co) Dfa, M't, D7's, Ot't; IracHn; 13) CM 944 WlW (M U PsjMti ItM rtOTtk MW.I MAtr-TtrW II tm Tnatk.; It tnibn; Mfi Trtmon Tradu; Prmi UnkMl WKfTI KM PHI CATMOOW TO RITCHIE BROS. AUCTIONEERS LTD. Bonded I.C. Industrial Kflmrna, I.C, M2.1M4 AvcllOfMsn Air Britain. Come over with Air Canada. And do it this summer. Oiir fares have never been lower. Useour "Fly Now- Pay Later" plan If you wish. Choose any of our special tours.. However you go. Air Canada car. make the going easier. So coma to foggy London town. And after the pomp and pageantry of guard- 'changing, Buckingham Palace and Tea at. see swinging Soho. Play.darts and drink in the pubs. And come up to the highlands for Scottish smoked salmon and roast beef (Air Canada flies to Glasgow, Take Oldo England as your own. Take beautiful Britain as your gateway to all Europe, And take it with us, Air Canada. See your trave! ag'ent or call Air Candda at 3 times a week this summer, including 1 non-stop, LETHBRIDGi '29-45 day Economy Excur- slon return fare. (Valid during (art Subject to Government approval. AIR ;