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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 14, 1970, Lethbridge, Alberta Market Declines In Slow Trade TORONTO (CP) The To- ronto stock market continued to drift downward in slow mid- morning trading today as it en- tered its fifth successive losing session. On index, industrials were down .06 to 154.80, golds .48 to 150.35 and base metals .09 to 93.39. Western oik were up 1.51 to 156.05. It was the first upward move- ment in western oils in about five days. Volume by 11 a.m. was shares, down from at the same time Thursday. Losses outnumbered gains 101 to 81 with 152 issues unchanged. Weakest sectors were mer- chandising, chemical and con- struction and building materi- als. Among losing stocks, Simp- sons was down Vt to Con- sumers Gas to 10, MacMillan Bloedel to 23 and Bethlehem to Seagrams gained to Income Disability to 7, Bow Valley to IOS Ltd. 30 cents to and Endako to MONTREAL (CP) moved smartly ahead in brisk morning trading today to partly offset large losses experienced in Thursday's business on the Montreal stock market. Papers, which tumbled more than four points Thursday, were ahead nearly two points while all other sectors posted frac- tional gains. Highlighting gains were Quebec Telephone, up Hi to 13, Distillers Seagrams Shell Canada to 27% .In- dustrial Acceptance to 13V4, Consolidated Bathurst "A to and IOS Ltd. 30 cents to 1.60. CPR jumped 1% to 56 on a trade of 123 shares. Among losses were Labatts, off lii to 22, Canada Cement Lafarge to 34, Simpsons to 13% MacMillan-Blpedel to 23, Aquitaine Vs to 21% and Alcan Aluminium to Abitibi Pulp and Paper was unchanged at 6% after reporting first-half earnings of or 15 cents a share, down from or 35 cents. "Inflationary forces, coupled with the revaluation of the Ca- nadian dollar" was the reason given for the decline. On index, papers advanced 1.82 to 83.2, utilities .66 to 128.99, the composite .27 to 153.06, industrials .19 to 157.03 and banks .02 to 166.29. TRADE SLOW NEW YORK (AP) The stock market assumed a more cheerful pose today as prices rose somewhat, though trading remained slow. At noon the Dow Jones aver- age of 30 industrial stocks jumped 3.63 points'to 710.98. Declines held a narrow lead over advances on the New York Stock Exchange. Among Canadian issues, Dis- tillers Seagram added Granby Mining put on and Dome Mines picked up Mclntyre Porcupine dropped Steel Plant Workers Go On Strike CAMROSE, Alta. (CP) About 235 employees at a Steel Co. of Canada Ltd. plant in this Edmonton area city went on strike today, .30 minutes after negotiators reached an agree- ment. The walkout began at 7 a.m MST and negotiators approvef an agreement at a.m. after an all-night bargaining ses- sion. But the proposed settle- ment must be ratified by work- ers later today before they would go back to work. Details of the proposed settle ment were not announced. It was understood the work ers, members of Local 551 0: the United Electrical and Ma- chine Workers of America, are seeking wage parity with work- er's in similar jobs in Edmon- ton and Calgary, and were seeking revisions hi some por- tions of a proposed job evalua- tion plan. Loblaw Chain President Steps Down TORONTO (CP) Leon Weinstein said here he will re sign as president of Loblaw Groceterias Co. Ltd. and wil take on a job as director o public relations and consumer affairs in the Loblaw chain. "The job is a terrific chal lie said. He said there is so much work to be done in consumer affairs and it can't "all be let to the government." Mr. Weinstein said the jol will involve closing a "credi bility gap" between consumers wholesalers and retailers. MJ-. Weinstein became presi dent of Loblaw in June, 1968 succeeding George Metcalf. Camera B P. Oli Can Sgulh Cdn Exp Gas Cdn Grlrioll Cdn Home :dn Ind Gas Cdn Long Is Cdn Super Cent Del Rio :harter some Pele Dynam Pete :rench Pete Gl Plains Mill City jew Cont Jumac Mr. Donald W. Ramsay, C.l.U. Branch Manager of the Standard life Assur- ance Company in Calgary is pleased to announce the appointment of Mr. Veryl Todd as Resident Represen- tative in tethbridge. Mr. Todd who is well known in sporting circles in tethbridge and District has his office at 2918 12lh Avenue S. tethbridge. Phone 328-5059. Beef Futures WINNIPEG (CP) Price rell off as much as 47 points i light trade on the Winnipeg bee futures market Thursday. Open High Low Close Sep 28.85 28.85 28.50 23.60 Nov 23.70; Jan 28.5W Ask About The NEW INVISIBLE MULTIFOCAL LENS WIULTILUX) Vancouver, Calgary, Montreal (Surmlied bv Doherty, Roadhuuse and McCuaig) LAST HID OR SALE MISCELLANEOUS QUOTATIONS More Vacant Apartments This Year n.m. Quotes) WESTERN OILS Mmlno a.m. Quotes) 10.75 'Innacle 'lace Gas Bonder Ranger Scurry Rain jpooner West Decal MISCELLANEOUS INDUSTRIALS Altro Indus Aquataine Brit Nfld Cp Cdn Hyd Carb Cdn Pac Inv CPR Pfd Crows Nest In Cygnus A Cygnus B Gt Cdn Oil Jell Lake Joule) Kaiser Res SXtV.: 3.60 Mentor i ,n fjewconex Pac Pete Rank Organ Shell Inv Shell Inv Pfd Shell Inv Wts 10.00 Sicks Rainier 6.25 West Cdn Sd White and Yuk CALGARY Acroll Anac Pete Barons Oil Norlh Cont Plains Pele West Warn Madison Quinalla PIPELINE STOCKS Alta Gas Tr L A 43.75 Alta Gas (Nat) 19.50 Inland Nat Gas ..9.12 N and C 12.37W JJandC B Pfd 26.00 Gaz Metro 4.20 Tr Cdn Pipe 29.50 Tr Cdn P Pfd 36.50 VM tr Cdn Pipe P A 56.75 llSwfTr Cdn P War WO 51 ta.Vi Weslcoast Tr 19.25 Western Pacific 4.30 MUTUAL FUNDS a.m. Quotes) Gr In Shares 2.7! 2 9.42 10.30 6.50 7.00 9.00 ..75 54.00 1.55 6.10 54.00 1.75 1.32 6.10 1.05 1.22 .79 1.05 S.75 25.00 12.50 27.75 11.50 3.75 2.20 13.75 .92 .07 .06 .39 .17 .O-l'A 3.78 3.66 7.64 4.71 4.40 6.14 .55 1.00 9.30 17.25 1.25 5.40 10.25 21.50 4.20 41.00 4.90 5.00 3.80 Gt Cdn Oil Sd V 100.00 Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil Husky Oil Husky Oil War. Int Pro Pipe Inf Steel AGF Special All Cdn Com Al Cdn Divid All Cdn Vent Amr Gr F Cdn Gr Cdn Invest F 14.12Va Col Mutual 37.75 Cmnw Inter 52.00 Cmnw Lev 9.62% Corp Invest 17.00 17.50 2.15 invest Gi Invesl Mutual 4.61 IOS Vent 3.01 3.29 Mutual Ac F 4.55 4.67 Mulual Gr F 3.49 3.84 Mutual In 4.20 4.62 Nat Res 6.41 7-01 N W Fin 3.26 3.5B N W Gr 3.78 Principal Gr 3.33 Regent I- 7.17 Royfund United Ac Universal Sav 6.17 VANCOUVER Anuk Arctic Mining Atlas Explor Belli Copper Bornile Ridge Block Bros Brenda B.C. Sugar Capt Inter Churchill Copper Cresfhrook For I Crovden Dolly Varden Dynasty Endako Fort Reliance Giant Mascot Granisle Key Indust Hy's Interior Brew Jericho Kamloops Copper _____ Lornex 1.9B Lytton Minerals 6.00 6.58 Madrona' 6.99 9.64 New Cronin 305 3.33 New Imp Mines 3.99 4.38 Primer 4.56 5.01 Pyramid 3.95 4.34 Silver Stand 4.72 5.18 T C Explor 10.71 11.74 Texmont 2.60 2.85 Troian 4.66 5.09 Western Mines 2.87 .30 3.00 4.10 .08 .lOVi .0714 Corp Inv'St F er cent of the apartments in uildings containing more than ix units were vacant in June. In 1968 the average vacancy ate was 3.12 per cent, based on 7 centres. The mining town of Sudbury ad the most acute apartment hortage, with a vacancy rate of .3 per cent. St. John's, Nfld., had the larg- st surplus with a 20.7-per-cent rate. Saskatoon was close be- hind with 20.3 per cent of its apartments vacant, more thai :wice iis 1969 vacancy rate of 0.1 per cent. Vacancy rates with last year's rates in brackets: Sudbury 0.3 Windsor. Ont., 0.9 Saint John, N.B. 1.5 Ottawa-Hull 2.1 (1.6) Halifax 2.3 Toronto 2.5 Winnipeg 2.5 Van couver 2.5 Hamilton, Ont. 2.8 (1.3) Quebec 3.7 Victoria 5.2 Kitchener, Ont. 5. Calgary 5.7 Ed monton 5.7 (3.7) London, Ont 6.9 Montreal 7.9 Re- ana 10.7 Saskatoon 20. St. John's, Nfld., 20.7 .14 M 10.50 1.50 25.00 .08 1.33 57-00 31 IB'.OO 6.10 2.10 18.62V .08 2.95 1.81 5.75 .48 1 51 4.30 1.50 1.43 NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T Anaconda Bth Steel Chrysler Comsat Duponl General Motors Gulf Int Harvester 43 Montgomery Ward 21.75 20 Golds 150.41 off .4? 2287'A Sears i0.12Va 10 Base Met 93.57 Up .09 21 50 ltd Oil' of N.J. 41.87% 15 W Oils 156.87 up 2.3 Texas Gulf 113.37'A Volume Texas Co YORK AVERAGE 117'50 Woolwortll 30.50 30 Indust 710.98 up 3.63 Westinqhouse Else 63.37'A 50 Rails 129.13 up .47 2575 US Steel 29.97% 15 Utilities 103.05 up .07 TORONTO AVERAGES 65 Stocks 224.43 up .8? nl MarvesTer n7n nnn Kenn Copper 38.75 20 Indust 155.03 up .17 Volume Grain Price Review Winnipeg Grain Prices WINNIPEG (CP) Trade was generally light at the close of the Winnipeg Grain Ex- change today, with most of the buying activity centred in rape- seed and rye. Rye posted solid gams, as of- fers continued to meet good shipper absorption. The Canadian Wheat Board announced an increase of cent in oats, and cents in barleys one feed and lower. QUEBEC ASSASSINS Two young men from Canada ere training in Jordan io be assassins. Their goal is Ihe liberation of Quebec and one of the tactics they are learning is the art of selective assassination. What led them to an Arab guerrilla camp? And why are they returning here to be terrorists? Don't miss reading the interview with them In Your Lethbridge Herald Weekend Magaiina Malting barleys down to am. including 3 cw 6-row are down 1% cents and 3 cw 2-row, am one, two and three feed weri down two cents. Thursday's export w h e a loadings included t Peru, to Russia and 35, 000 to Singapore. Volume of trade Thursday in eluded bushels of flax of rye and o rapeseed. Prices for class two whea for export to countries outsid' IGA: 1 Nor 2 1.60; 4 1 Durum 1.65% 2 3 1.53; IGA prices: Nor 2 1.68V4; 3 1.60; 1.49% 1 Durum 3 1.53. Introducing our new name and symbol Formerly known as Alberta Housing and Urban Renewal Corporation. As of April 15, 1970, our new name is ALBERTA HOUSING CORPORATION AlBERTA HOUSING CORPORATION The Stonley Building, 11810 Kingsway Avenue, Edmonton, Alta., phone (403) 453-3511 Flax Oct Nov Dec May High 272% 265 263 270 Rapeseed Nov 255 Jan 252% Mar 250% May 2A8Vi Oats Oct Dec May Barley Oct Dec May Rye Oct Dec May 77% 77% 79 114% 117a 105% 10714 115 Low 271% 264% 262 249 247% 77% 77% 79 114 114% 110% 104 104% 110 Close 272 265 262% 269% 253 251 248% 247% 77% 77% 79 114% 114% 117 105 107 113% Miners Killed DORTMUND (AP) Three West German coal miners wer killed and seven others injurec Thursday when a torrent o water burst through a mine shaft, mine officials reported. LIVESTOCK Calgary Livestock CA'GARY (CP) -On offer o 11 a.m., about 184 head; nontly replacement cattle of nixed quality. Trade was ac- tive. Slaughter cattle were steady vith Thursday closing prices. Good to choice steers 27.25 to 8.60, medium 26 to 27. Good to -hoice heifers 24.75 to 26.10, nedium 24 to 24.50. Good cows 20.50 to 21, medium 19.50 to 0.50, canners and cutters 17 to 9.25. Replacement caltk were mostly heavy kinds selling 5teady at the week's lower prices. Good feeder steers more than 750 pounds 27.50 to 30.70. Good heifers more than (i50 pounds 26 to 27. Insufficient stock or slaughter calves to es- tablish a market. Hoys base price 27.05. Friday, Au8us! 14, 1970 THE LETHBRIDGE HERAID 17" Newspaper Editors Get Jail Terms IIS1NTIEN, Formosa (AP) A Nationalist Chinese military court convicted two Filipino- Chinese brothers today of spreading Communist propa- ganda in their Manila news- paper. Rizal Yuyitung, 47, editor of Manila's largest Chinese-lan- guage newspaper, was sent- enced to three years in a refor- matory. His brother Quintin, 53, publisher of the Chinese Com- mercial News, was sentenced to two years. The maximum sent- ence on the c'harge is 10 years in prison. Potato Futures WINNIPEG (CP) The Maritime potato futures mar- ket was inactive Thursday, Some buying Merest cr.tc-red at prices even with previous close levels. Open High Low Close Noy 2.20B Mar 2.55N Apr 2.C8N May 3.05 3.05 Radio Stations Sale Disclosed WINDSOR, Ont. (CP) CKLW radio stations AM and FM have been sold to Baton Broadcasting Ltd. of Toronto, the same company that recently bought CKLW-TV. Sale of the two stations was confirmed Thursday by John Bassett, pub- lisher of the Toronto Telegram and president of Baton Broad- casting. has for lease a combination Wholesale-Retail outlet in the Town of Vauxhall, Alberta. For those who are desirous of going into busi- ness for themselves, here is the "Golden Oppor- tunity" that offers a very rewarding and profit- able future to the successful applicant. interested parties call 327-4370 or write to Suite 3rd Avenue South, Lethbridge, Alberta for further information." Real pleasure calls for Carling Pilsener Albertans know real pleasure. They also know real beer. THE CARLING BREWERIES (AUBERTA) UM1TED ;