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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 4, 1970, Lethbridge, Alberta __ Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 150 cattle. Receipts about evenly divided between slaughter and replacement steers. Cattle market active. Good and choice butcher steers meeting demand at steady prices. butcher heifers sold early. All classes of cows selling steady, medium and good teavy feeder steers meeting good demand at firm prices. Choice steers 29 to 29.50; good 28.25 to 28.75; medium 26 to 28. Good cows 21 to 21.75; medium 19.50 to 20.50; earners and cutters 16 to 19. Good bulls 26 to 27. Good heavy feeder steers over BOO Ibs. 29.50 to 31; medium 26 to 29; good feeder heifers 27 to 29. No butcher hogs sold this morning. Calgary livestock CALGARY (CP) On offer to 11 a.m., about head; mostly slaughter steers and heifers. Trade was active. Slaughter steers were Market heifers were 25 lower, cows were uneven and bulls were steady. Choice slaughter steers 29.50 to 30, good 28.50 lo 29.55 medium 27 to Choice heifers 26.75 to 27.30, good 26 to 26.75, medium 25 to 26. Good to medium cows 20.50 to 21.30, canners and cutters 18 to 20.25. Good bulls 26 to 27.10. Replacement cattle were fleshy steers weighing more than 750 pounds and heifers more than 650 pounds. Prices were steady. Good feeder steers more than 750 pounds 29 to 30.50. Good feeder heifers more than 650 pounds 26.25 to 27.80. No stock or slaughter calves were offered. Hogs base price 28.35. Portland Livestock PORTLAND (AP) Cattle and calves receipts slaughter cows steady to 50 higher, other classes mostly steady; slaughter steers individual high and good choice 700 to 1100 Ib 27.50 to 29.00; slaughter heifers one lot choice 916 Ib yield Grade 2 to 3 30.00, other high good and choice 760 to 950 Ib 27.00 to 28.00; tor cows utility 19.25 to 21.75, individual high dressing 22.00, cutter 17.00 to 19.50, canner 12.00 to 10.00; slaughter bulls commercial and good 24.50 to 27.50, individual high dressing 20.75, feeders good steer 700 to 1000 Ib 26.00 to Shift From Wheat OTTAWA (CP) Prairie farmers have planted an estimated acres in wheat this year, 51 per cent below the 1969 total, and have record acreages of barley, rapeseed, flaxseed and soybeans, the Dominion Bureau of Statistics reports. It said summerfallow la also at a record high. Total wheat acreage for Canada is estimated at acres, about 50 per cent smaller than 1969's level of Barley acreage is a record five per cent above last year's Eecord rapeseed planting is acres compared with last year. Flaxseed acreage is compared with last year's soybean acreage is an increase four per cent, and summerfallow is a record acres, 28 per cent above last year's The bureau figures confirm those on planned acreage allotments released earlier this month. PRICES DOWN The massive shift from wheat to other crops and to summer-fallow has resulted from a combination of a glutted wheat market, depressed price? and the government program paying farmers to divert wheat land to other uses or to fallow. Otto Lang, minister responsible for the Canadian wheat board, has predicted the final wheat acreage this year will be on the Prairies. Under the government program, called LIFT for low inventory for tomorrow, farmers are paid an acre to a maximum for shifting wheat land to summerfallow and an acre for land switched to forage crops fof at least two years. Maximum payment here is Mr. Lang has said about half the Prairie farmers are participating and earlier this week forecast payments for the crop year beginning today will total to Said dl showec tionallj maiiide standb and tx wheat, rial, m ily adv vision. Stare meanir of his prompt "It said of it ignoi brea sumed meaniri a basic eal, en is nores t quality cereal way bi sumed Stare chairm eral M Choate try, th ing of is educ away f Farlan. never they p Food only the top nine "mitri-meritorious." T h e rc-j, including such old rs as Wheaties, Cheerios >p brands of shredded he ranked least benefi-ost costly and most heav-ertised on children's telo-called Choate's chart gless and presented own wlu'ch he also ly labelled meaningless. !s Stare Choate's chart, "because es the way 95 per cent of f a s t cereals are con-that is, with milk. It is gless because it ignores contribution of any cer-ergy value or calories. It ningless because it ig-le concept of the protein of the combination of and milk, which is the eakfast cereals ara con-and J. P. MacFarland, an of the board of Gen-ills, Inc., took issue with s charges that the indus-rough massive advertis-low-nutriticr.a! products, ating American children rom nutrition. Mac-i said: "Cereals were intended to be, nor are -omoted as, a 'complete PpllWll HI H industry defended Its product before a Senate subcommittee today and said an earlier witness who testified that cereals have almost no nutritional value didn't know what be was talking about. "Breakfast cereals are good said Dr. Frederick J. Stare, a Harvard nutrition professor and syndicated newspaper columnist who testified on behalf of Kellogg Co. and National Biscuit Co. "A breakfast of ceneal and said Stare, "any kind of milk, along with some fruit, a couple of pieces of toast, some polyunsaturated margarine, a little jelly or jam, is just as nutritious as a bacon-and-egg breakfast with fruit, toast and something to put on the Stare, one of four industry witnesses to appear before the Senate consumer subcommittee, said in prepared testimony that he had been shocked to read of n report given the subcommittee last week by Robert Choate, a Washington lobbyist who has spent the last three years studying national food policy. RANKS CEREALS Choate said most cereals offer only empty calories and presented a chart ranking 60 dry cereals. He said his Market In Light TORONTO (CP) The Toronto stock market was down fractionally in light mid-morning trading today. On index, industrials lost .34 to 157.02, base metals .35 to 93.33 and western oils 3.60 to 151.72. Golds advanced 3.72 to 154.12. Volume by 11 a.m. Trade shares, compared with at the same time Friday. The slock exchange was closed Monday for the Civic Day holiday. Losses outnumbered gains 129 to 76 wilh 126 issues unchanged. Largest declines were in merchandising, oil refining, paper and forest products and trust and loan sectors. Among losing stocks, Home A was down to Pacific Pete 1 to 24, MacMillan Bloedel to Aquitame to 25V6, Imperial Oil to 16% and Shell Canada to Northgate was down to Sherritt to Canadian Homestead 45 cents to and Banff to Dominion Magnesium was up ?i to Timmins Investments Ltd. has offered to buy all the company's outstanding shares for a share. PRICES LOWER MONTREAL (CP) Prices on the Montreal stock market moved lower today for the second straight day. Trading was light. Industrial Acceptance slipped V4 to IAC reported second-quarter net earnings of or 33 cents a share, compared wilh or 30 cents a share a year earlier. Oils were off sharply as Dominion Petroleum dropped to 52. Aquitaine slipped to 21 and French Petroleum 30 lo 5.40, Among other declining issues, MacMillan-Bloedel slipped 3A to 25V4, CPR Vt to 54, Alcan Aluminum Vs to Cominco Va to 21% and Price Corp. to Highlighting gains were Inco, up to 40Vz, Dominion Textile, V4 to 12, Power Corp. Vs to and Bell Canada, to On index, papers were off 1.30 to 87.32, banks .54 to 165.76, the composite .04 to 154.34 and utilities. .04 to 128.63. Industrials wercshead .04 to 159.02. MODERATE TRADE NEW YORK (AP.) Stock market prices firmed slightly early this afternoon but remained modestly lower. Trading was moderate. At noon the Dow Jones average of 30 industrials was off 4.59 at 718.37. Declines led advances by more than 2 to 1. Among Canadian issues, Canadian Pacific and International Nickel rose On the American stock Exchange, Scurry Rainbow and Canadian Javelin were Canadian Javelin were off 'A. ada added Prices Winnipeg Grain Prices WINNIPEG (CP) Trade was light on the Winnipeg Grain Exchange today with most of the activity centred on rspesttd. Prices in grains and oilseeds were moving narrowly in both directions. Volume of trade Friday Included bushels of flax, of rye and cf rapeseed. Overseas clearance of Canadian wheat Friday included bushels to the United Kingdom. Prices for Class1 Two wheat for export to countries outside IGA: 1 Nor 1.72; 2 1.69; 3 1.60V4; 4 1 Durum 2 3 IGA prices: 1 Nor 1.72; 2 1.69; 3 1.60V4; 4 1 Durum 2 3 High Low Close Flax Oct 270% 269% 269% Nov 263% 263 Dec 260% 260% 260% May 260% 266% Rapeseed Nov 270% 267W. 268% Jan 268% 265% 266% Mar 264% 264% May 263 262 26214 Oats Oct 77 77 77 Dec 77V4 77V4 May 79% Barley Oct 112% 112% 112% Dec 112% 112% 112% May 115% Rye Oct 99% 97% 97% Dec 100% 99% 99y8 May Flight Fares Raised MONTREAL passengers will have to pay higher fares on the more popu-ar domestic routes starting Wednesday but will get a break of reduced fares on less travelled routes and holiday excursions, airline spokesmen say. An Air Canada spokesman said his company applied to the air transport committee of the Danadian transport commission 'or increases on 150 routes and decreases on 410, leaving 27 unchanged. A CP Ah- spokesman said he did not know the exact number of changes but rates on the same routes that Air Canada las will be the same. The Air Canada spokesman said the increases apply to "the more heavily travelled routes" and another company spokesman said the decreases apply to routes "that nobody uses." The economy one-way Toronto-Vancouver fare will increase to from ?120 and return will be double, Air Canada said. But new 14- to 28-day excursion fares for vacationers will reduce the return cost to an almost 25-per-cent reduction. The decreases apply to routes guch as Toronto-Sault Ste. Marie, down to from Ottawa-Windsor, down to from and Quebec-Toronto, down to from Various discounts that have teen available will be less of a bargain. DISCOUNTS LOWERED Discounts for youths and people over 65 will be lowered to 40 per cent from the previous 50 per cent of the economy fare. Children between 12 and 21 flying with their parents will pay two-thirds instead of the Drevious one-half fare. Those under 12 will pay one-half instead of one-third fare. There will also be a surcharge for stopovers lasting more than four hours. The Air Canada spokesman said the new rates, based on a flat plus 5.7 cents a mile, would increase revenue from North American routes 4.7 per cent over a one-year period. He said he had no breakdown of North American revenue for 969 fiscal year but total revenue for Air Canada was and net income was Vancouver, Ca (Supplied by Doherty, LAST BID a.m. Quotes) a.r Asamera 11.50 sleel Band 10.50 JellcrBon BP Oil Gas J.oo -ji Can South 3.65 K t a Cdn Ex Gas -1.50 Cdn Gridoil 7.20 Ont Port Cdn Homestd 4.80 M.'jJ'J, Cdn Ind Gas J.12V4 Cdn Long Is .78 'cOrg sfo Dynamic Pels .32 French Pete -50 Acroll :5> S-85 S cnt PelrT .V." lis Petc Place Gaa Madison Fender 9'25 Qutnalta Ranger Rexdale Scurry Rain ii.uu pipEUNI Spooner j15 Alia Gas T MISCELLANEOUS INDUSTRIALS. cdn w Na Atco Ind IP." inland Nat Aqualaine 21 .M N and C Brit Nild 4.00 N and L E Cdn Brew A Ptd 30.00 Gal Metro Cdn Hydro Car 13.75 Tr Cdn Pip Cdn Inv Pfd 20.87V, Tr Cdn Pip CPR Ptd 8.37VaTr Cdn Pip Crows Nest In 38.50 Tr Cdn Plp< cygnus A 4.70 westcoast 1 Oil "s" IS! WeSMUTUAaL Gt Cdn Oil 100.00 ASF Spxcl Hnrre A 15-75 A Cdn Co Ke B ".50 All Cdn D; Home Pitlld 2.20 All Cdn V Hud Bay Co 1-1.25 Amr Gr F Hat Bay oil 39.00 Cdn Invest Hud Bay oil Ptd 53.00 col Mutual HSky Oil WO Cmmv Inter Husky Oil War 3.30 Cmnw Lev TORONTO MINI Supplied by Richardsc LAST BID a.m. Ouotes) INDUSTRIALS Molson! B Abitlbi 8.00 North, QUOTATIONS Igary, Montreal Roedhause and McCuaig) OR SALE n. Quotes) a.m. Quotes) Pint Corp Invest 4.75 5.20 Corp Invests F 4.35 A76 -lke- Gr6V Equity i.4i 4.02 Gr In Shares 2.78 3.04 Invest Gr 5.5310.42 Invest Mutual 4.70 5.74 "m Mutual Ac F 4.32 4.75 n'nn Mutual Gr F 3.68 4.05 ,jm Nat Res 6.53 7.14 N W Fin 3.36 3.69 N W Gr 3.94 4.33 rt 577! Principal Gr 3.47 3.8 "nlted Ac 4.09 4.49 sin Universal Sav 6.03 4.59 n USD VANCOUVER SARY Anuk 20 1 05 Arctic Mining 22 .07 Atlas Explor 1.10 06 Bath Copper 13.25 Bornite RWge .34 24 Block Bros 2.85 .42 Brenda 10.50 er .06 B.C. suaar 15.50 .16 Cap! Inter 3.00 .05 Churchill Copper 2.90 .10 Crestbrook For 1 6.50 STOCKS Croyden L A 44.00 Dolly Varden -7 L Ptd 69.00 Dynasty 4.8J Nat) 18.12V3 Giant Mascot 2.55 Gas Key Indust ?5 Gas Hy's 12.75 Interior Brew 4.60 Pfd Jericho 08 3.90 Kamloops Copper .10 28.50 Koia Copper .18 Pfd 31.00 Lome 8.75 p A 54.00 Lytlon Minerals 2.6 War 8.25 Madrona 32 r 19.25 New Cronln 07'A ific 4.55 New imp Mines 1.77 FUNDS North Star Copper .55 I 2.05 Primer .16 m 6.22 Pyramid .25 vid 7.25 7.92 silver stand 1.50 3.09 3.37 T C Exp