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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 30, 1970, Lethbridge, Alberta QUOTATIONS Vancouver, Calgary, Montrtal (Supplied by Doberty, Roadhouse and McCualf) LAST BID OR SALE a.m. Suotol Quota] m. Hainan OMJ on War >.n rawtitt Ffc. J-U 4.M Aankw 4.M In Wt Hi Oft J.M Uthbriogt) liYwtock And Market I In Late 1 .TJROXTO (CP) _ The Toronto rtock market was up tharply in Ught nud-naorniBg trading today. The market began to rally in lato trarting Wedneulay after four successive sessions of anarp decline. On index today, industrials were up 3.34 to 171.24, base mel-ali 2.75 to' 106.41 and westerD oib 2.75 to 152.77. Golds were unchanged at 146.83. Volume by 11 a.m. was compared ftlti at the same time Wednesday. B1' a.m., gains outnumbered losses 196 lo 14 with 86 is-cuea onchanged. In the previous few weeks leases bad overwhelmed gains each day by at least two to one. Tbe market its largest hill-hour jump of the year between opening ami a.m. The industrial index at that time stood at 171.22, up 3.32. Analysts say two reasons are behind the upward climb. The first is the decisive Liberal Tictnry in Quebec. At least one major bank transferring large amounts of clients' securities from Montreal to Toronto, pending election results. The other reason u a technical raDy which began Wednesday on' the Tfcw York exchange. Dupont was unchanged a 19V4. Tbe company said first-quarter net earnings were 11 cents a share compared with 37 cents in the efarrespODduig period of last year.' GAINS STRENGTH MONTREAL (CP) In the wake of continuing firmness in New York and- a landslide vie tory by 'the Liberal party in Wednesday's Quebec election the M on t r e a 1 stock market t a i n e d considerable trading uneiln wai off icd Jupiter Scurry wai up and Mar-jooi aad Bnscan ll.UVi Inl Dili PM M-W Crnrn Evilly i.1 toaM Inlv StaM JU Ground tncamt 3.M 131 LU> 1JW CM WH OaM J-" JaM US Ir.vrMcn MM 4.U IB Ca> CO ICMur Rat ins 105 Vanhn CM Crtjal U5 Kim IU Mulual Acnm. ill IK Cdn L Out Port JU Mutual Clti F LO 4.U Con M Gat OK l.0> Mtnlcr MutiiEl Incoiv 4.H ofler to a.m. 146 cattle. muubjH morily batcher itren aarf cows o) miied Goad aad b aeet denoh kind mi quality coo-gidtnd. An rliiaaii of eom tteady rtfa beitay kink teWTig up to 24.10. Heary replacement cal feeders, teQiag at iteady Steen; choice 31.75 to 52.10; good SI. to 11.50; medium 21.50 COM: got n to 23.60; me-dran 22 to 23; cannen mi cotten 11 to 20. Gtod taawy feeder steers MO to WOO tos. to 32.10; medium a to 29. Butcher bogs sold Wednesday f.o.b. Letbbridge 29.10 price. Sows dressed veieht 23.55. Calgary Livestock CALGARY (CP) On ofler to H a-in_, about WO head; meetly daughter- steers an cows. Trade was active. Slaughter steers were steady choice heifers were fl lower with otter iindE cows andboUa wre steady. Quite slaughter steers 31.50 to 32JO, good 30.23 (o 31.33, medium 2925 to 30.25. Choice heil ers 29.75 to 30.40, good 28.75 to 29.50, medium 27.50 to 28.50 Good con 23 m 24, medium 21.75 to 22.75, eanners and cu ters 19.50 to 21.50. Bulls 27.50 to 29. Replacement cattle were In short supply with most offer ings steers weighing more than 750 pounds at steady prices. Good feeder sfeers 30.50 32.50 with light kinds to 34.fc Good feeder heifers 23.59 to 3 depending on weight. No stocl l or slaughter calves L H. ASPER eMhg leal reoutre-raeoti lor diranw and the geo-eratly fteratoad attitude eat of matotatfag wo aepanifj. WST COMPLT NemtiBlen. aaparated mutt comply wift the literal .nterpretaiioa rf the laws 1 they are to receive the tax benefit. The Exchequer Court recently rendered a jiigiraml which underknej (be pout. The taxpayer in question separated from his wie and foir lildren in 1962. A court order was made on him to ;sy per month is me wife or her own use aflu sis; EC ach ot the cbUdren until they turned a. Tbe law that the husband may only deduct the payments he makes the hufband tka tox Joo fa- all moot? paid directly the children. They that he bad paid ear. rect of moaey catted or la the ikmony and mjja-tenancs order, but laid bad not paid ft "pursuant" to. order the order caSrf or the funds to be pakl to UK lie on behalf of the ebildnai acd ncr. to the children dtrectiy. tHJSED TO PAT Tbe husuand refused! b pay Ihe tax end to tfai :ai Board. Boari ruled in his favor, laying, is effect, that be bad combed ith the subsU'XC of the tap. aration order and ataca tta PKrlk ls.7i Pruxlptl ill ta Can Ml KM Rank Org 1125 Prorkjanl t.14 in SMI Resell Fund 7J> ChHIan SWI Inv WH ll.uvi RcrtunJ in DViwilc Hit SWu1 RaWtr 4.37tt Uniled Aceum. 4.U IM Frandi PA 4MI Wet Can Snd 2.11 VUKMIVia IS -5 Hr, Conl 1.IJ Cd. OM Ana Pita ID twrtrt marital tr lubilantially moose tht nnber of drvm-ed and legally Mptntcd TUB a number of taxpayer! an (weaning acutely aware of the til of marriage breakdowa. The ot kemanat-ftg an unhappy unto ususE? is-dude m peparation agreement IT court order requiring the husband to make miinlnofy or ah'-my payfnenbj to BIB ex-wife ind children (albougb an On-Urio court recently .w Hcrtti toiri w BI-W-V IM I.H Warnar .11 llS Prnacb .IS .07 S.lTr? Placa Co nwdoan 11 Bcsiai" Ramr 4W Qulnalla M E r Ju ICH SpMjar l.g PIPBJIII tTOCKs' SwcMMlT; 11 MOUSTRUOJ Inland P.BTVi Dynasty Prices Winnipeg Grain Prkas WINNIPEG (CP) A strong price patten that developed in apeseied near mid-session continued at me ckse of the Winnipeg Grain Exchange today. A good volume of expoi-ter buying that met with thin of-ers sent rapeseed prices on an upward bend after an opening suasion of light trade. Liquidation pressure prevailed in flax, meeting with little exporter interest. Domestic, shippers absorbed board offers in oats and barley, keeping prices fairly steady. Rye was iradknaUy easier on a hght trade, mostly' inter-moath and inter-market spread-ng with some commission ouse liquidation. Export loadings of Canadian wheat included bushels to Bulgaria, to China, to Ghana, to Ire-anil, lo Japan and to Russia. Volume of trade Wednesday bushels of rapeseed, of flax and of Prices for das: two whea or export lo countries outside IGA: 1 Nor 1.7914; Z 1.76ft; 3 1.68tt; 4 5 e 1 Durum l.Bifis; i 3 IGA prices: Nor 2 1.7BTI; 3 hid North. Cantral ll.u Endako llJTtt Agralae Kcrfli. canlral a Km Forl Jtrltom .7t 1LI7W Gaz Abrtre Glanl MHcat -Kit WW 1.9 Gu Mtlro p A Km Grtn'.ai female equality by the wife lo pay afanooy to The ta tiealmeut of ifanony laymenta are ngitfly goveiiiGC v the Income Tax Act. Care-nHy complied Tito, the law pro-ducea the result of allowing me husband a lax de-kjction for an alimony an maintenance paymeuti even wtaere they exceed the normal exemptxmc be cculd claim for is wife and children. But even be slightest deviation from the tetter of the taw can lead to somewhat untorunale tax pettitoes for the unwary. Take a married mas wit bur dependent earn-ing per year. If he carries on that way, assuming the lax rats under the tax reform plan, he'll pay tax of about per year. If be divorces his rife an euLuB into a separation agra ment paying per year for her and the cbflfreo., then be would deduct the alimony pa; meet aad pay tax on his After Omar exemptions his IK would be approximately and hers since she woul be taxable on the abruny re-cepits. Tbe tax eHfaaiue between if married, and i[ divorced, is intended to tal, into account the extra md bad received the rooenj rom the children, H would bi hairspliHing bo denj the on these tech nical grounds. The tax officials, STJrpra4ntJy were unsatisfied with tfak equtt result. They appealed fa the Exchequer Court, nautiai (hat (he, letter, not the spin of the law, be enforced, Th court had little choke. After an attempt (o broads he words of the lav by a rati er desperate reference by th axpayer lo Funk aad Waona. failed, His Lordship Mr! See Sheppard ruled that be ht no alternative. The law aw that only payments made accordance Kith the aepantk order are deductible. The pa mente were tp be made to U mother for the benefit of children. They were not. Then fore they weren't deductibl regardless of how unfair th might seem in the circumsUa Still, the outcome b onto tunate. It comes at a time wbj Parliamentary Committeei a examining refonrc of' the b law. The Committees would t well (o address curing imperfections, such t Ihis, in the Misting law, at a same Ume as new In. lawi ai desgined. (Mr. Asper b a lawyer) Inw A PM 30J5 Tram Can Plpa iJ.U Key Ind .31 Cdn Hydra Cir 10.7S Tm Can PlK 5.10 3l.n Crmrtri WlM i 111 Cdn Pac Inv PM Trana Can. Plot A Hv'i CPR PW Tram Can Pipe w 7.K Inl. Brw. J.71 Cran In Wntcoast Trios WJO Jffld-.o CVTUwa 3.7J 18 Cnran MUTIML FUNDS Lorncx I.B Cum Prop A.C.F. SpKlal la 1.35 LyrJcn Mhn Gl Cdn Oil Mod J-75 All Cdn. Come. (57 7.11 Ml. Waihlnglai .13 ci s AH DIV. 7.72 A All Cdn. Vmtrc 3.W 111 New Cienh -It 14.00 Amer. Cltl F .4.77 Primer -31 Horn PitlU 2.30 Cdn. Invnl. F 4.U 4JO Silvtr Elandard 1.H Hud Co CollKt Mil 5 El T C Ex. have been alright in the, case if tie husband bad omplv sent his wile a total of every rrjcnth. For some unexpUhied reason, perhaps because he didn't rely on Ms ex-wife to .spend the children's money or as s often the case, be warier to maintain some personal fiu-aocial contjectkin with ha child-1 ren, he made separate pay ments. He sent his wife the 325 and sect each child bis separately. Tbe chUdm, after their moth er explained her need for money in order to maintain the family home, endorsed their cheques to her and she pooted all (he funds. Tbe tax officials refused Bar Oil 3t.H II.H IJ.PiTreUn 72 H-Jd O PM. 53.0 ComSmarlti Lev 3.13 Mlnea. 4.7S Hush Run PH 71-M Corp. IrvRtors S1J s.U Wntcoait Kn .21 Hiaicf oil It.oo Drtytia F U.S. 1.10 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securittej o! Canada LAST BIO OR SALE INp'VSTRIAU Ogllvla ism Frobn Ptrtibtna Pp 22.00 (Airlllrnas 24.37W Plwr Corp 7.75 AlBoma Steel 13-UVi Co I'-HW G "1 4JJO Sfcpwn'i .V I Grajauc 2.75 to 167.57 and pa-pen 3.CS to 111.47. BJA OFF NEW YORK (AP) The market began a May 286 285 Jly 28714 28754 Nor 250 24tV< Jan. 243 242 343 OaU i May 7454 74 Jly 74tt Wi. 74yt Oct 7514 Dec 73 Utlllllat 27.00 12.25 Rock 3.15 Irdus! Accept 14.00 Ditkensori WJna 2 C4 Sistoe 2JO Laurer.tiO 3.B5 Denlsm Mlnei 31.35 Tek Corp. Kelly- Doug A 6.75 Hern 10 Tnmsnt 47 Loilaw A 6JO D'Eldona .is Upper Canada 'i.ti W.trn Sloro 17 M Dome Him 51.00 Western 4.75 I3.5J Donalds lisa. Wrlol.-l .Bar. I.U McMillan BToa 30.00 Discovery Mine) Willroy 1.14 Moore Corp 15.75 EKI Malirtic l.lg Windfall 17 Mofeon's A Sullivan 6.70 Br. 4.15 Norm, Cert 11.11V4 Falconorklsa 15S.M 13 NEW YORK STOCKS Supplied by Richardson Securities of Canada T. and T. Monlgomery Wird M off Anaconda 27.1; Scare 63.37W 10 B Mets 104 II up 7.15 Sleal Standard Oil N.J. 54.12U 15 W Oil! 151.56 Irp 1.54 Chrysler Tenas O-jlf 115.50 Volume Comsat 35.00 Tenas Co ..25.75 NEW YORK AVCKACEI D'jpont 108i7rt Wcdwtnh 11.75 IrdlKl 73143 off 37< Ge-.eral Melon tl.ITVi Westlnghoux El 61.00 13 Rails 1U7I M .n Gulf 35.03 U.S. 15 Utils ICT-il OH .06 nl. ..V..WH TORONTO AVERAGES 45 stocks 742-M ott 1.10 Copper 50 ITA 20 Indost 170.50 up 2.W Volurr.e raming upswing failed to ga nofneotum, Mclntyre Porcupine was u iVi among Canadians. Hudso Bay was iio Vi, Alcan Canadian Pacific and Distillers and Genstar H. Graoby ary Dome were oft Vt. On OK American lOTtt Jly mVt Oct 106H 1MH Dec 108 Rye May 100% Jly 104H 103W 104 Ocl Dec Prices EDMOKKW (CP) prices today provided by the Alberta Hog Producers Marketing board: Edmonton: Quoted and selling 29.55. Average Wednesday 29.S3. Red Quoted and selling 29. 55. Average Wednesday 29.42. Calgary: Quoted and selling 29.80 Average Wednesday 29.78. Letbbridge: No mirtet. Average Wednesday 29.10. Hogs sold to 11 a.m. 739. Sows selling 23.53. Total hogs sold Wei-stay average Prices WINNIPEG Mari-Sme potato futures market was inactive Wednesday witti some bidding under market levels, but no otters. Close Wed. May 3.73 3.72 Nov 2.33 2.35 March 2.4S 2.4S ALL CLASSES AUTO INSURANCE BUSINESS FARM ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK Cemign ta PICTURE BUTTE AUCTION By THE CANADIAN PRESS Mobil Oil Corp., 60 ceoU, June 10, record May 4. MacMHlan Bbedel O., 25 cents, June 15, record1 May 15. Ltd., 10 cents, June li, record May 15. m SUMMER HOURS COMMENCING MAY 4th Monday to Friday a.m. to 4i30 p.m. aosro AIL DAY SATURDAY RELIANCE AGENCIES 132 3rd An. t. Phem 127-1 H6 SATURDAY, fftAY (rt 1 p.m. REGULAR CATTLE SALE 350 HEAD 1M 15 COWS wrrn carvn crt hem M 100 TO 5SO U. STEm an. W FAT STHRI gmutt rot futmat MFORMATION CONTACT PICTURE BUTTI AUCTION MART JOC JIM JUKIS Phom 771-4400 arwiri WAR IS OVEf va yeon ago the lur-nrxinni. H o actiw orly a handful ef rrporffri to watch. Gerard Clark woi Ttitft and rmunlt iet Wetktnol all tht drama of Ihol foteful Jay. IN YOM IfTHMIOOE HEMLD WICKEND How did those six Sioux get on our beer label? (Six? Count 'em, Six.) To say nothing of three crows. And a Hupmobile. And twenty-nine trees. And our House of Lethbridge, How? Frankly, we don't remember. It all happened many moons ago. But one thing's certain: we'll never change our label, Or the great beer behind It In Lethbridge, we go right on brewing It the slow, natural way, for real flavour. We have spoken, AFTER THE FAMOUS FORMULA OF THE HOUSE OF LeTHWfDOT, ;