Lethbridge Herald, The (Newspaper) - August 5, 1970, Lethbridge, Alberta
Vancouver, (Supplied by Dohei LAST a.m. Quotes) WESTERN OILS MIS Alminex US QUOTATIONS Calgary, Montreal ty, Itoadhouse and McCuaig) BID OK SALE a.m. Quotes) a.m. Quotes! :ELLANEOUS joutci Is Ruled OTTAWA E chequer Court has ruled unco, stitutional the National Enerj Board's ban on selling import gasoline west of the Ottawa Va ley. The decision by Mr. Justic W. R. Jackett, made know Tuesday, is in favor of Cal 0 Oilmen Gas Ban By THE CANADIAN PRESS Oil industry spokesmen wer generally critical of a ru ing by the Exchequer Court tha a ban by the National Energ Board on selling imported gaso line west of the Ottawa Valle is unconstitutional. The decision announced Tues day in favor of Cal Oil Inc. o Montreal opens a breach in th eastern flank of national oil pol icy designed to preserve Gasoline x- Inc. of Montreal and opens uj i- breach in the eastern flank national oil policy designed d preserve the market west of th I- Ottawa Valley for higher-cos Western Canada petroleum. e Dr. R. D. .Howland, chairm n of the National Energy Boar( il said it will be up to (lie justi Criticize L Ruling market west of the Ottawa Va ley for higher-cost Western Ca ada petroleums. 7 The judgment said Cal Oil "entitled; to import gas withoi any restriction as to how it is t be marketed." It is understcoc f the gas was from Spaing Raymond Dulude, compan secretary of Cal Oil, welcomee the decision as a blow agains restrictions on interprovincia trade and a victory from th consumer's right to buy IHt LtlllbKIUGE HERALD Jg Sale Ban MtionaV department whether an appeal is made. The board May 7 invoked regulations under Part 6 of the National Energy Board Act, thereby barring access to most of Ontario for imported gas. The judgment by Mr. Justice Jankett, president of the Exchequer Court, also said Cal Oil is entitled to damages. Reasons for the judgment will be available later. The decision does not affect the voluntary arrangement whereby gas and other products refined in Montreal from Venezuelan imported crude also is kept out of the area west of the Ottawa area. That arrangement, made in 1961 when national oil policy was enunciated to use more Western Canada crude oil, is being penetrated now by leakage of gas into Eastern Ontario. Some gasoline now is on sale at less htan 40 cents a gallon, compared with what has been the prevailing rate of about 47 rents for regular-grade gas. NO RESTRICTIONS VALID The brief judgment, handed down Saturday, said that Cal Oil is "entitled to import gas without any restriction as to how it is to be marketed." Cal Oil had been denied permission by the energy board, bllowing an unpublicized hearing June 29-30, to import a shipment of about barrels gasoline. It is understood the gas was rom Spain and would have constituted about one day's supply or Ontario. That was the first est of the May 7 invoking of the ban on imported gas west of the Ottawa Valley. The board had issued more than 15 permits to import gas to companies who agreed to sell he product east of the Ottawa Valley. It has also been trying to close off the leakage of Mont-eal-refined gas past the divid-ng line where gas and other products from western crude are to have a clear field. Perrofina Canada Ltd. and lurphy Oil Co. were two firms hipping gas from Montreal re-ineries. Gulf Oil Canada Ltd. and oth-rs have said they are reducing utput from Ontario refineries, Inch use Alberta crude, be-ause of increased competition rom lower-priced and Mont-eal-refined gasoline. DISCUSS QUESTION In Edmonton, Mines Minister R. Patrick said he discussed us question Sunday with srime Minister Trudeau and "rentier Harry Strom during Livestock (Supplied by Canada Department of 1025 Karri Kotia 1.86 L Ont Port Ccm 1.90 ne 21.50 MGF Monaga d 4.00 Alentor .49 m A Pld 30.00 Nnvrariex 5.80 B CIH 11 tn Pete 74.75 W B Pfd 34.50 Rank Org 1287 ciflc Inv 2125 selk Hold 10.75 d 8.50 Shell Inv Wls 12.12 Jest In 13.75 West Cdn Seed. 2 10 A 4.55 WhltepaEs Yuk. 13'25 B 5.00 CALGARY 01 S 3.85 Acroll 1.05 0116-75 96.00 Aria Pete Market Fractior TORONTO (CP) The To ronto stock market posted frac ttanai gains in light mid-morn ing trading today, pushed up wards by a show of strength on Wall Street. On index, industrials gained .16 to 157.72, base metals .13 to 93.93 and western oils .29 to 154.86. Golds lost .29 to 154.11. Volume by lla.m. was shares, down from at the same time Tues day Gains outnumbered losses 95 to 58 with 121 issues unchanged Largest gains were hi bank steel and utility sectors. Among advancing stocks DuPont was up to lal Gains bestos to Phillips Cable to SM, Hank Organization 1 to Bell Vt to Pacifi Pete to 24% and Noranda 3; to Conwest was up lYt to 11% International Mogul to 11 Sherrilt to and Oaniadiai Homestead' 10 cents to Shares of Corporatioi d'Expansiom Financiere wer suspended from trading. The ex change said in a bulletin t members the suspension woulf imported coffees, the commission said. The firms investigated were Brooke Bond Foods Ltd., Foods Ltd., Mother Farcer's Foods Ltd., and Standarc Brands Ltd. Two other producers assisted n the inquiry. Nabob Foods M. has not increased its whole-ale coffee prices this year, and Nestle (Canada) Ltd. produces mly soluble or dried instant cof-ee, and. has not increased its >rices this year, the commission aid. Instant coffees now account or just under two-thirds of total Canadian consumption. The in-uiry was mainly directed at oasted coffees that consumers rind, if necessary, and perco-ate. The commission said prices or processed roasted ud then ground or sold in bean are "volatile, and with changes in the price green coffee." In the last 15 ears, there have been more lan 30 changes in wholesale oasted coffee prices, up and own. The price restrain criteria eing policed by the commission 'ere agreed to in February by conference of more than Hike tion business and professional leaders, subsequently endorsed by federal and provincial governments. Briefly stated, price increases in 1970 should be less than cost increases, thus putting a squeeze on profit Prices EDMONTON (CP) Weekly egg and poultry report issued by the Alberta Department of Agriculture: Eggs To producers large 39; A medium 29; A small 29; B 12; C Gasoline Planned TORONTO (CP) Imperial 3il Ltd. says it will market a ow-lead gasoline this fall with he wholesale price between prices for regular and premium gasolines. W. 0. Twaits, Imperial board chairman, said the new grade rill contain about 20 per cent of he lead used in present grades. He noted that North route to the Yukon. "This will be very serious, ot immediately but ultimate, Mr. Patrick said Tunsdoj an interview. It is not immediately t prob-m because of high freighl ates on oil from the Middli ast and North Africa which akes oil from western Can-da "competitive." Mr. Patrick said either nefl gulations must be made 01 e case appealed. "I am satisfied the govern' lent of Canada is trying to gel e ruling changed." Mr. Patrick said the original n was imposed because rted oil was moving west o) ie Ottawa valley the ares aditionally supplied by west rn producers. He said he was sure (he Prices EDMONTON (CP) Prices to 11 a.m. today provided by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted 26.75 to 27.05, selling 26.75. Average Tuesday 27.65. Red Deeri Quoted 26.75, selling 26.75. Average Tuesday 27.88. Calgary: Quoted 26.90 to 21.10, selling 26.90. Average Tuesday 27.82. Lethbridge: No market. Average Tuesday 27.77. Lloydminstef: No market. Average Tuesday 26.75. Sows at all points 17.34. Total hogs sold Tuesday average 27.66. Potato Prices WINNIPEG (CP) There was a light trade in the Maritime potato futures market today with steady prices. Open High Low Close Nov 2.30 2.30 2.20 2.20 Mar 2.55A Apr 2.65N May 8.00 3.00 S.OO 51 52; A medium 40-41; A small 25 28; B 25; C 20-21; cracks 23 24. To consumers (in A large. 55 56; A medium 44-47; A small 31 35. Poultry To producers live No. 1 chicken 20. Fowl under 4, 5. Turkey under 12, 23'A. Live No. 2 chicken broilers, under 12, Shot Himself In Head EDMONTON (CP) A 15-year-old youth shot himself in head as police closed in to arrest him for the robbery of a grocery store, a coroner's jury was told here. The jury made no recommendations after hearing about the death of Mark Conrad Muskwitsch who, testimony revealed, shot DIVIDENDS By THE CANADIAN PRESS International Nickel Co. of Canada Ltd., 30 cents Sept. 2i, record Aug. 24. Steinbergs Ltd., class A, 9 cents, Sept. 2, record Aug. build by 1975 cars that will 1 operate on lead-free gasoline as >art of a program to reduce pol-ution from a u t o m o b i 1 e ex- 1 musts. "To produce lead-free gaso-ine of the qualities which will 1 w required the Canadian oil in-iustry will have to embark al- 1 most immediately on mammoth ;xpenditures for new refining said Mr. Twaits. 1 'These will involve substantial s programs, which vill require a number of years o accomplish." He estimated it would cost c mperial between million i nd million to design and I uild the new facilities. 1 The low-lead gasoline will first at service stations in i lontreal, Toronto and Vancou- a and later in other areas. Futures WINNIPEG (CP) There was a light trade on the Winnipeg beef futures market today with prices steady at previous close levels. Open High Low Close Sept 29.20 29.35 29.20 29.35 Nov 28.80N fan ruling would not be rmanent. REAL ESTATE A two-year Associate Diploma Course FIELDS: Real Estate Appraisal, Properly Management CURRICULUM: General Education Courses in Behavioral Sciences, Communications, Humanities and Natural Sciences. Real Estate Courses recognized by the Appraisal Institute of Canada and the Institute of Real Estate Management. Second Semester Students will specialize in either Real Estate Appraisal or Property Management. CAREER POSSIBILITIES: Graduates will become members of the institute of Real Estate Management or the Appraisal Institute of Canada. Further Accreditation: available after three years of working in the industry. ADMISSION REQUIREMENTS: Students must be 18 years of age or possess an Alberta High School Diploma or its equivalent. For Further Information, Contact: The Information Office 7th Avenue 11th Street S. W. Calgary, Alberta mount royal Nofl Lethb Businessmen requiring business purposes are i needs at the recently Lethbridge... IDB can 1 of agiiculture services, wholesale and tu iuIuiN DEVELOPML TERM FINANCING FOR CA LETHBRIDGE, ALTA., 74 Telephone: rm ridge j i term loans for sound nvited to discuss their apened IDB office in 2nd to almost all types tourism, professional retail trades, manufao i ing, etc. about an hour after he and a 23-year-old companion robbed a grocery store on May 26. An autopsy revealed no races of alcohol or drugs in the youth's WESTERN NATURAL GAS COMPANY LIMITED DIVIDEND VtlLfl NOTICES NOTICE is hereby given that ie Board of Directors of this ornpany has declared the !inefy-third quarterly dividend f Twenty Cents (20c) per share ayable on September Isf, 1970 son the outstanding 4% Curn-a ive Preference shares to be aid to the shareholders of cord at the close of business n Friday, August 14th, 1970. NOTICE is also given that the oard of Directors of this Com-any has declared the Fiftieth jar erly dividend of Twenty-aht Cents (28c) per share on September 1 st, 1 970 son the otus'anding jmu alive Preference shares to paid to the shareholders of cord at )he close of business Friday, August 14fh, 1970. DATED ot Calqary, Alberta s 30th day of July, 1970. By Order of Board, A. J. SMITH Secretory CITY SESSER, 111. (AP) Tliis is tl i lawless or nearly so. i rhat was revealed by city coun- d ilmen who said all city or'di-lances except those governing b raffic had been stolen about a v rear ago. WESTERN NATURAL GAS COMPANY LIMITED PJN DIVIDEND NOTICE p NOTICE is hereby given that re ie Board of Directors of this lompany has declared the One undred and Thirty-seventh divi- B dend of Twenty-three and three- P quarter cents per share q payable on August 28th, 1970 e upon the outstanding Ordinary a snares to be paid to thu share- p holders of record at the close i" of business on Friday, August 14th. 1970. DATED at Calqary, Alberta or this 30th day of July, 1970. By Order of the Board, th A. J. SMITH for our booklet. DUSTRIALl 'NT BANK NADIAN BUSINESSES 0-4th Avenue, South 8-9681 SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe or ladies wear jtore APPlYi Stan's Men's Wear 371 5th St.