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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 12, 1971, Lethbridge, Alberta The lux iiec ories, this take-over tax is a flashback to June, 1963, when the Ihen finance minister, Walter Gordon, brought down his budget calling for Canadians to pay a 30 per cent take-over tax or the money received from selling their companies to foreign interests. 'Tic public outcry forced Ihe government to withdraw the proposal at that in t Those are fte basic ground rules. Each aspect has special concepts which in turn require comment. For example, in calculating whether a company has reached i's annual business limited to which Ihe preferred fax rate applies, and in deler-minLg whether or not it has accumulaled in gross earnings and is thus no plan ever again eligible for the len tax rate, no account jfi take of capital losses, except to th extent they offset capita gains In the first place, It Is doubt ful the accumulation o of pre-tax earnings i enough to quality a compan as after tax it is onl and by most economi yardsticks this is still a modes sized company. But more im porLanl, if the company ha reached thai size, and decide to sell its plant and move i larger premises, and in sellin the old plant suffers a capital loss, as is frequent! the case, Ihe loss i neither lax deductible nor doe it reduce the company's a leged size. Jt is still considers to have built up the after lax surplus, which even strips it of the righl to th small business lax incentive. TVse imperfections could cured by doing away with th pre-lax earnings limit or substantially increasing it and by allowing capital losse Lo be taken into account in de termining whether or not company is slill small or has ii fact graduated to full size where it can stand a 50 pe cent tax rate and still survive More comment is still re quired on the tax plan fo small business prior to pas sage on the reform bill. (Mr. Asper is a Winnipe quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, Koadhouse and McCuaig) LAST BID OR SALE am. Ouoles, i.m. ouoles) a.m. Qooreul WESTERN OILS Hugh Russell 18.50 Corp Invest S F 4.91 5.3 Alrnlncx 5.70 Husky Oil 17.25 Dreylus r U.S. 11. 05 12.9 Alfa Easf Gas J.15 Husky Oil B 42.75 Grow Eqully 6.41 7.0 Asamera !1.00 Husky Oil War 7.60 Group Inc 5 3.B Ashland 13.00 Inlsr Proy Invesl G F ltU2 11.7 BP Oil 7 15 Inled steel Pipe 7.00 (twst Mur 5.21 5.7 Can Soulh 5.75 cdn occldonlal 10.25 Mul Accum 3-32 5.8 Cdn Ex Gas 3.PD Joutel ,72 Mut G F 4.93 5.4 Cdn Homcsld 10.25 Kaiser Res Res 7" Cdn Homn Pld 21 oil Kflm Krjlla .50 N. W. Flnnnca 4.46 4.9( I r'n inS Gas Oil 11.50 LakcDulaull N. W. Grovv Cdn LOHT .n L Onl Porl Ccm 2.50 f 13 15; con Super 43.25 MGr Manage 2.00 f r itliilii Ccn Del Rio 15.6ZV1 Mentor T 47! Charier 5.90 Newconw 5.50 "5 'sav 7 a 71 Chiellan 6.10 pacific Pete 34.00 Universal bav i.m Dome Pete 111.00 Rank Org 21.00 VANCOUVER Dynamic Pele .99 Selk Hod 14.50 11 Gl Plains 33.50 Shell Can 36.12'A Lochicl 1.20 Shell Inv Pld 35.B7VJ 7 EXDlora 42 Mill Cily 1.55 Shell Inv Pld Norse 1.45 New Conl .65 Sicks Rainier Copper 1615 Nurlh Cdn nil 7.35 Tclcdyne 4.40 Bros 3.35 fJumac Wesl Cdn Seed 4.55 grenda 6.70 Permo .52 '.Vnlto Ygkon 12.12Vi B C Sugar Pelrcl 1.25 CALGARV B C Sugar Prd 16.50 Pinnncle 65 Acroll .61 caplaln Inlernaf 7.00 Place Gas 1 3? Barons Oil .04 Churchill Copper .85 Ponder .41 North Conf .03 Columbia Cell 3.60 Ranger 13.75 Madison .23 Coronation Cred 1 00 Scurry Rain 19.50 Wesl Warner .36 Crestbrook F Ind Snoonc-r 1.85 PIPE LINE STOCKS Croyden .21 Totfll 8.00 Alia G T L A 45.50 Dolly Warden .26 W. Decalla 7.00 Alta G T L Ptd 73.50 Dynasly 7.BS MISCELLANEOUS Alia Nat Gas 22.50 Fort Reliance 47 INDUSTRIES Cdn Wesl Nal G 17.50 Giant Mfl5COl 5.40 Aira Ind 900 Inland Nal Gas Granlsle 11.25 Alco Iral B25 snd C Growers B 3.00 Auualaine 26 Pflc G Trans 14.00 Key Industries .25 Brit Blltl stm, C Pfd Hys 2 45 f -'n Prew A 3o'oo Gaz Melro 5.62Vj Interior Brew 4.70 Crln Brpw B Gaz Metro Pfd 67.00 Inlernalional Mar .73 Cdn Hydro 15 00 cdn p Kamloops Copper can Inv MM Trans p p'd 41.50 Lornex B.OO CPR Pld lira Trans Cdn P Pld 6300 Lyllon Minerals 170 Inrt J Trans P War 11.00 New Imp Mines .35 i Weslcoast Trans 25.75 okanagan Helicop 5.25 rv B Western Pac 6.50 Plains Pete .28 Lygnus b 5.71 MUTUAL FUNDS Primer .10 rTri m 1m A'G'F SPeclal 1M Pyramid 35 Gl Cdn Oil S 5.00 ,fonl 77? eii silver Slandard 1 35 Gl Cdn oil 675 100.00 An Cdn Divid B Bl 9 63 stampede Int'l Res .63 Homc A 33'50 All Cdn vent 3.52 3.84 Texmonl .50 B 32.75 Ameri G F S.5E 6.13 .35 Home- PMMd 2.30 Colled Mul 612 6 7; Western Mines 305 Hud Bay Co in 50 Common nler 13.46 14.29 Weslcoast Res Hud Bay Oil 45.75 Common Lev 3.50 3.85 Weslern Explore .17 Hud Bay Oil PFd 5B 00 Corp Invsl 5.36 S.86 Utlca .25 Toronto mines., industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. QUOTES) a.m. Quoles) i.m, Quolesl Ml NES Norlex .35 Dofasco 34.00 Acme U Opemlsks W.12Vi CAB 7275 Advocale Asb 210 -2fl Fd of Amer i3-00 Akailcho ,46 Pine Point Gen .Wolors 7650 Black Bny .06 Placsr DEV. 3B.25 Lakes Pap 1575 Brfllorne 2.00 P-C. .95 Gulf Oil Cda Broulen .24 Quebec Wan .17 Grevhnunri Bclhlehem 16.00 Rayrock 1.16 Hawker siH ?1n Bruniwictc Radlore .3B Er e Zl'S Canada Tung. Rio Algom 1S.WW Hiram WalK 36.50 rnsLisr 21.50 Roman orp. 6.15 imnprial nn -n Central Pat SherriH Gordon 15-25 Chlmo l 17 Silver M Her .06 J i Sleep Rock 3.17 "el Cons. Ramhler 1.7-1 Tek Corp. 575 "J Coin Lake ,12Vi Texmonl M n" 7-H Cochenour ,'JJ Upper Canadfl 2.17 uhlities 38.37 Craigmcnt 8.90 Weslern Mines 3.00 'ndus' Accept DiLkenson Aftnel 1.15 Hargreaves 1.J5 Laurenllde B 25 Denison Mines 2-f.OO VJHiray .85 Dou9 A Deer Horn -Q4 Windfall .11 D'Eldona .6J Yellowknife Bear 5.20 Loblaw A S.75 Dome Mines 71 35 Zenmsc Metro Stares 43.25 Donalda .09 Massey Ferg Discovery Mines ,9B INDUSTRIALS McMillan Bloc 7A.B7V3 East Maiarlic I.C-l Abllibl 7.1 2 Vz Woore Corp 36.00 East Sullivan 3.05 Alcan 20.25 Molsons A 17.75 Falconfcridge 93.00 Algoma Sfee J3.25 Molsons B 17.75 Froi-'er .24 Mco D.UVi "crth. Cent U. 62 Marilimcs 1.00 Sugar 7.00 Power Corp 5.00 B.aS 45.00 Price Co 7.75 Bo -is 3.00 Trac iB.so Rolhmans Grarduc 5.50 BC Te, 6; no si Corp 1900 Headway R L. B.OO Burns 13Po Shell CDA 3525 Hollinger 37.00 B c Forest 19-75 Simpson's 30.25 Hudson Bay M-S 22.50 BX Sugflr simp Sears 76.25 Hydra Ex. CAE of Cfln 35 ron BaV Cdn Brew 7.00 Selkirk A UNO i n u Chemcell 555 Texaco S524 17 Coron Credll 1.00 Trans Can Pp 1 Shnrr inn C.W.N. Gas 11.37VJ Union Gas 15.50 Ln-inlsSilvpr n Cdn Indusf Union Oil Af, 5fl Madscn R L 87 Cdnada S 5 3D-50 Versaflle t.7S Malartlc G F Cdn Marcon 2.55 Weslecl 13.00 Marlin McNeely S 00 cdn Dickers Union Car 17.25 Mnrlnryre BS 00 cpR Weslon's B 17.25 AAela Cominco 23.50 Woodward's 'a JJ.OO Midnm 'llVa Cons Bafh B-50 cdri 5d Inlern Mogul 1050 Cons Gas 20.25 Zenith Elec l.BO New Horns 9.00 Dist Sea 55.25 BANKS NPW Alhona Dam Bridge 23.25 can Imperial 53.0D Weiv Calumef DoiriJar iZ.UVa Monlrcal New Imperial .82 Dom Textile 17.25 Nova Scotia 26.50 Norsnda Dom Stores Royal 26.75 Norlligale B.55 Dome Pete 7IO.GO Tor-Dom 25.75 New York stocks Supplied by Richardson Securities of Canada Amr T and T J3..50 Monlgom Ward 20 Golds 185.79 off 1 55 Ananconda Sears 86.S7V3 10 Base M 69.23 ofl 31 Be h S1eel Texas Gulf Volume Comsat 65'.75 wTcks Corp SIS YORK AVERAGES Duponl Woolworlh 30 Indust B57.55 Up 11.17 Gon Molors 77.12V'i Weslinghouse El 8-1.25 20 Rails 212.83 up 3.57 Gulf 30.25 U.S. Sleel 1775 15 Ulililies 112.76 up By I. 11. ASPER "Preferred "ineligible "refundable "refundable dividend "business "curau lative d e d u ction account.' Sound familiar? Probably not but when the new Canadian tax system is in full operation these brms wili be common in the parlance of small business operators as they learn Ihe nuances of hta new rules. Under the new scheme, a special set of rules and rates will apply to certain small business corporations. They will pay a preferred rate o[ tax. Under the present rules, al corporations pay 21 per cent on the first of earnings and 50 per cent tax on everything above that. Aitcr January 1, the corporate tax will be set at a flat 50 per cent, decreasing one per cent per year, until it reaches 46 per cent by 1976. However, most companies which are pro-vale companies whose shares are not publicly treaded, and are Canadian controlled, will enjoy a 25 per cent tax rale on the first of that part of their annual earnings which is derived strictly from active business operations. EXTRA REVENUE The revenue implications of this for the government are obvious. But by denying the "preferred rate" of tax to foreign and public companies, which heretofore enjoyed the 21 per cent rate on the first of earnings, Ottawa and the provinces pick up about per year extra from these companies. Small businesses which used to pay in tax, but will now pay a 20 per cent increase. Those earning used t pay about but will now pay This can be said to be one of the anomolies or imbalances in the new system because the really small business corpora-Lions faces a tax increase while Jie medium-sized get a reduction. On balance, the government will be substantially ahead in revenue from the corporation tax. Government revenue Trill also be increased because the present corporate tax rale applies to all company income whereas the new system provides that the 25 per cent rate will apply only to "business income" of small business companies, Any income they earn from non-business sources, such as investments, will be taxed at the full corporate rate of 50 per cftnt. Another limitation in the plan is 'hat once a corporation has accumulated of pretax earnings, calculated from January 1, 1972, the company will no longej be considered small and will pay the full rate of tax thereafter. Since the new plan is aimed at allowing com-lanies to build up working the ceiling only relates to earnings retained by the company and not paid out in to the shareholders. MAJOR FEATURE Another major feature of the law is the take-over tax a small business must pay if it is sold to a non-res i d e n t. Where a company which has enjoyed the preferred rate of tax on its first aggregate of of earnings is sold to a non-resident, its tax is recalculated and over a five-year period it must pay back the tax saving it achieved. T b u s, where over a period of years it had earned and paid of tax (instead of approximately it would have paid had it been a public or 'oreign controlled c o m-pany) it is subsequently sold lo a non-resident, it will be required lo pay a special tax of over a five-year period For those wilh good trend norning Nickel 5s to and Comincc and Hudson's Bay Oil and Gaf k eacli to and re spectively. Among declines, Scott-Lasalle p dropped to and Canadiar s National Bank and Maritime B Electric Vt each lo and respectively. e SHARP RISE NEW YORK (AP) The 7 stock market rallied today sending the Dow Jones n dus'.rial average sharply higher in moderately active trading, i The noon average of 30 in dustrial stocks was up 10.44 a 056.C2. Among issues traded on the New York Stock Exchange, advances overwhelmed declines by about 5 to 1. During the first two hours trading volume totalled 8.07 mil-lino shares, compared with 4.51 million for the same perior Wednesday. Analysts attributed much ot lT-e advance to inveslors coming back into the market to buy shares to replace those they had borrowed and sold earlier in expectation of declines in the issues. XERoy UP iv, Xerox was ahead 114 al SniVs, Control Data up Vt at and Nalomas down "4 at 533. Litton Industries at was off 3A. The Associated Press 6fl-stock average was ahead 2.8 to 307.4 at noon. Reynolds Metal was off s'a to Northwest Airlines up to and Amerada Hess u lo '.'4. Mclntyre Porcupine icas down I3i at S92. Up each were Canadian Pacific at SW's, Dome al 57014, and International Nickel at Ahead Vt each were Distillers Seagrams at Hudson Bay Mining at and Walk-er-Gooderham at On the American Stock Exchange, Imperial Oil was ahead V2 at Scurry Rainbow Oil rose -IB In and Canadian Javelin 3.i lo Up each were Brascan at and Jupiter Corp. at Stronge at mid-i TORONTO (CP) Industrie issues posted strong advances as prices on the Toronto stoc market moved higher in modet ate mid-morning trading today On index, induslrials were u 1.03 to 175.81 and western oil 2.25 to 232.19. Golds, wer closed sharply lower Wednes day, lost .96 lo 1S5.0S and bas metals .20 Volume by 11 a.m. was shares, up from It th same lime Wednesday. Advances outnumbered de clines by lwo-lo-one, 12 lo 63, willi JB2 issues un changed. Strongest serfors were bever ages, food processing, oil refin ing and merchandising. Four teen of the industrial index's r sub-groups were higher. Communication, real es .ate and pipeline issues edged frac tionally lower. Bow Valley up 1 to Weslon lj lo Inlcnialiona (o Tara to Asamera to and Inco 14 CP Ltd. rose K to Cana dian Kome.sl.ead to 810V4, Fal-conbridge Vz to Ranger V. lo pacific Pete Lo and Pan Ocean to Pitts Engineering was down to Bethlehem '.I to Thomson Newspapers Vt to Patino Vt to and BP Oil and Gas five cents to PRICES CLIMB MONTREAL (CP) Prices were up in most sectors in light morning trading on Ihe Mont-rea stock market today. Combined volume on the Montreal and Canadian Stock Exchanges at 11 a.m. was shares, compared with at the same time Wednesday. On index, the composite rose 1.1G o 173.92, industrials 1 47 to 181. 6D, Utilities .76 to 151.54, and papers .25 to 81.82. Banks MI .38 tc 206.33. Highlight gains, Pacific Petroleum and International Utilities rose ?a each to and respectively, pr< solved at TABER (HNS) Taber's domestic water problems have been resol ved by the town council fallowing a discussion with waterworks superintendent Dave Sinclair which weighed the pros and cons of separate systems for domestic and industrial supplies. Council voted tc proceed with a proposal to combine the two distribution systems, the industrial system being in the final stages of construction and not yet in use. It was to have proviled industry with filtered and chlorinated water from the Taber to the soulh Taber hltralion plant, and to have used the south elevalcd walcr tank for pressure control. It was noted at the council meeting that, with all water now coming through the do--meslic system, the fillralion capacity is far from adequate, and even though the industrial demands arc at a minimum water pressure in south Taber is deficient. The scuih lower was removed from domestic service some months ago for use ui the second system, since then residents have complained ol low pressure. Mr. Sinclair said it would take tliree or four weeks to make the necessary connections to restore tho. supply and pressure systems. Council agreed that the untreated raw water supply to Macdonalds Consolidated's can ning plant should continue, the water running by gravity to an open reservoir where it is available for washing and cooling purposes at about one million gallons per day in season. Under the new arrangement, all water for domestic and industrial use. excepting the raw water, will be filtered, chlorinated and fluoridated but he rate structure will reflect a differential for industrial users who do not require fluorida-Lion. The changes, according to proponents of combining the system, will invi'. ye a minimum of expenditure, and are o get under ivay without undue peace party VANCOUVER (CP) About 150 young people attending a strategy meeting couldn't decide Wednesday night on a uniform reaction to a peace party proposed by the Gastown Merchant Association. The S3. 500 party, scheduled for Salurday night aid designed to ease the tension since a three-hour riot in the refurbished C-astown disLnrt lasl weekend, was announcer. Wednesday. If plans go through, an estimated 700 persons will attend the party in a specially-renovated parking garage and drinks will be on 10 Gaslown if they can get a liquor permit. Invitations will be sent to 100 policciren and Uieir wives or girl friends, 300 "street about 200 merchants, Mayor Tom Campbell and his aldermen, police commissioners and reporters. Deputy Police Chief Tom SLokes said that "it is a patch-up party, it could do some good." He said off-duty officers would have every right to attend if they wish. Mayor Campbell said he mig.it accept an invitation to attend but at Ihe same time said he felt the event might turn out to be "a pot party in a parking bans firm TORONTO (CP) Malont Lynch Securities Ltd. was sus pended as a member of the To-ronlo Stock Exchange today for failure (o meet capital requirements, a statement from the exchange said. The TSE capital requirement rules stale lha a firm mus have liquid cash or se-curilies readily convertible ti cash equivalent to 10 per cen of the first S2.5 million in ad justed money owet by the company. The company must have liq uid assets equal to eight per cent on the next S2.5 million-seven per cent on the next million: six per cent on the nexi million; and five per cent on liabilities above S10 million. The suspension is indefinite until the situation is rectified to the satisfaction of the exchange board. Until the suspension is lifted Malone Lynch can do no trading or accept" or deliver securities or cash. That means that all customer accounts on deposil with the firm are frozen until the suspension is lifted. A spokesman from the firm said "we're liquid, we're not in trouble" but declined further comment. prices EDMONTON (CP) Average prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 22.65. Average Wednesday 22.70. Red Deer: 22.55. Average Wednesday 22.35. Calgary: 22.75. Average Wednesday 22.21. Lethbridge: 22.70. Average Wednesday 22.55. Lloydminster: N o market. Average Wednesday 22.15. Total hogs sole Wednesday Average 22.56. Total sows sold 95. Average Livestod Lefhbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a. in 110 cattle. Receipts mostly slaughter cattle. Trade active. Good and choice butcher sleers meeting goot1 demand al steady prices. Good and choice fcifers meeting good demand al generally steady prices. Medium and good heavy feeder sleers selling steady. Choice steers 31.50 lo 31.90; good 30.25 to 31.25. Choice heilers 27.50 lo 27.80; good 26.25 lo 27.25. Bulls 2'; lo 27. Gcod hcavv feeder steers (over (150 Ihs.) 31 lo 32.50; medium 28 lo 30. Good feeder heifers 27 to 2785. Butcher hops sold Wednesday f.o.b. Lrlhbridgc 22.16 to 23.20 base price. Cartload report for export price converted to 10.45 livewciglit. Good lambs 25. Calgary livestock CALGARY (CP) Mnrler-ate receipts to 11 a.m. of 1.5aO head at the Calgary Public Stockyards were mostly good and choice slaughter steers and heifers. Trade was strong and active with a good local and eastern demand. Slaughter steers sold steady wilh sals to 3240. Heifers were fully steady to 25 cents higher. Cows were fully steady and bulls steady. Choice steers sold 31.75 o 3220; good 30.50 to 31.50; medium 28.75 lo 30.25. Choice heifers 27.75 to 28.50; good 26. "5 to 27 75 medium 25.50 to 20.75. Good cowt 22.25 to 23.10: medium 21 U) 22; canncrs and cutters 19 lo 21. Good bulls sold 25.50 lo 27.50. Replacement cattle continued lo be mainly fleshy, short keep yearling slcers weighing 750 pounds up and selling at steady prices. There were insufficient stock or s aughler calves on offer lo es- t.iblisn a market. Good feeder steers 750 po mds sold 31 lo 32.50, good feeder heifers 575 pounds up 27.50 lo 29.10. Hogs base price FREED CATANIA, Sicily 53 year old Sicilian fisherman was freed here after X years in prison for a robbery which netted huh 30 cents and 30 Kew styling outside New luxury inside with famous go-anywhere 4-Wheel Drive TEST-DRIVE THE 2-CAR CAR TODAV Copper 31.07Vj 20 Indust 175.36 up .63 Volume plant site wanted at Joffre RED DEER (CP) The Alfa e r t a energy conservation hoard heard submissions concerning a proposed Imperial Oil Lid. gas consolidation and processing plant in (he Joffrc area, about 20 miles cast of Red Deer. Imperial Oil spokesmen said the area was chosen because its location near Red Deer and La-combc makes it a suilahle central point for crude oil collection ad it is near a rail line. The Alberta fish and Game Socicly lold the. commission in a brie' thai nollulants from Hip plant should he removed vainer than exhausted into the air. The submission said prevailing air currenls could cany st.'l-phur dioxide and mercury from he extraction process down (he Red Deer River canyon, causing Ihe river lo become pn WINNIPEG (CP) Activity cenlcrcd in rnposped at niid-ses sion on the Winnipeg Grain Ex di.inpc loday as that commodity posted sharp declines fol lowing confirmation of a Unitec Stales department of agriculture report on higher soybean produclion. All other commodities were imrliangrtl in a quid trade. Wednesday's trading volume was 235.000 bushels of flax, 1. 380.000 of rapeseed and of ne. Min-SEssiOiv (let. N'ov. lower Dec. review higher May lower 2.4714A. Rapeseed Vancouver: Sep. lower 3.03; Nov. SVa lower 2.D7B; Jan. 712 lower 2.91UA; March 6 lower 2.85SA. Rapeseed Thunder Bay: Oct. 4-1i lower 2.8CV4; Dec. 5 lower May Imver 2.RKA. Outs: Oct. unchanged 69A; Dec. higher May higher 70fsA. Barley: Oct. Va lower l.OS'.i; Dec. lower 1.08'iB; May Vs lower 1.03B. Rye: Ocl lower Dec. 1 loiver May 2'i liighpr J.W'jA. Low Close net 240'ii 2J1 Dec aifi'i nnpesoed Vancouver N'ov I102 Inn 2W Mar Si7 Ilapcseorl Thunder [lay Ocf MRli 2BS 2S7 llay 2fl3 OaU Ocl. ro )ec ta'i )cl KISIU IIKI'i 10S3i JOd'i lOlPa Mny loft Hvc Oct. M'.i 07 !KP.i Dec MVi flili 98' Mnv Gene Serving you vvilh INTEGRITY STABIUTY EXPERIENCE For over 60 PATENTED A PICKUP TRUCK CAMPER THAT BECOMES A MCUSEKAT SmPLY BY TU.RMED OVER. THE CAMPERS AAAN-SARP-LIKE ROOF SERVES AS A HULL WHEN INVERTED, WHICH CAM THEN DRIVEN THROJcH THE WATER BY AN OJTKARD We write all kinds of INSURANCE HOME-BUSINESS-FARM-AUTO-and tIFE and fan sovo you MONEY SCt IIS i draw juaclc EDMONTON (CP) One iiindred and fitly tickels were drawn yesterday tor the swcepstiiko In be held on he running of Ihe Canadian 3crby her? Saturday. On the day of Ihe race, 25 ickels will be drauTi from Ihe ISO. The holders will be eligible for draws on (lie horses com-icling in Ihe earnings By TUB CANADIAN PHIiSS Atlantic Sugar Co. six months ended July 3 1071. M cents 3 share; 1070. 4P cenlR. Co. of Canada l.ld., six months ended June 30: 42.1 ccnls a share; 1970, M.8 ccnls. Canadian .Superior Oil t.ld., six months ended June .10: 1371, 3fi ccnls a share; 15 2k injured in CUPBOARDS, UNITS MAY Beuseo emeu MOTORS CO. LTD. Cor. 3rd Ave., 3rd Si. S. Phone 327-2805 A continuous fcinily en errime (or over oO veors 706 3rd Avc. S., lolhhridgo Phono COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BUItDING TELEPHONE 32B-78B3 i jiACLEon A tai IK u iv.is in Fort Maclcocl Uluii-ripal Hospital in critical condi-011 this morniiiR following a vehicle accident on the ltd Gi-'inum Road Wednesday flrniooii. llcndi-ik Van Ilie.rdcn, 11, was i red when (he caltlc truck e was driving went, out of and overturned in n side ilcli. Two of the 10 caltle lie was li.id lo be deslroy-d on llio selected will win Those v m are chosen hut do not nake the final draw receive Tlic final 10 lirtal-hDlilcrs vill be assigned to horses, vik'li v.ill be listed in nl'pli.i le ical order. Kiwi winners will IK dcter-nined by Ihe placing of Ihe orses in the race, V'ir.st. nrive s second (bird fmirlh fifth and tc remaining winners rill share Ily THH CANADIAN PRESS Canada Packers Ltd., 1G ccnls, Ocl. r'ccnrd Sept. an" 'Systems 1003 4lh Avenue S., lethbridge Telephone 328-4426 'A OO C? dJata five cents; pfd., .15 -outs; pfd 50 cents: nil ayablo Scpl. 30, record Kcpl. 0. pfd., 31 Vi cents, Sept. 1, Aug. 10. Satnvn.v Slorps Inc.. 32'i cnl.s, Sept. 30, record Aug. ;