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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 19, 1970, Lethbridge, Alberta 20 THE LETHBRIDGE HERALD Wodnesday, Auouit 19, 1970 Market Prices Up Fractionally TORONTO (CP) Prices were fractionally higher in light mid-morning trading today on the Toronto stock market. On index, industrials rose .01 to 155.41, golds .12 to 150.51, base metals .33 to 93.29 and western oils 1.33 to 157.74. Volunre by lla.m. was shares, up from at the same time Tuesday. Gains outnumbered losses 104 to 73 with 15-1 issues unchanged. Largest gains were in com- munication and paper and for- est products sectors. Home A was up Vz to 16'4, Cambridge Leaseholds (z to International Utilities Vt to 2714, MacMillan-Blocdel to 25, Atco Industries to Aquitaine 'A to 21 Vz and Four Seasons to Holliuger gained 1 to 31, Ca- nadian Superior Oil 1 to 33, Northgate Vt to 10% and Siebens 10 cents to ?8.00. BUSY TRADE MONTREAL (CP) Prices climbed higher for the second New Mercury Comet On Market LAS VEGAS, Nev. (AP) A new Mercury Comet, a small- car successor to the intermedi- ate-size Comet discontinued a year ago, was introduced today as Mercury opened a push for a piece of the growing compact market. The Comet headlined the 1971 Mercury line unveiled by the Lincoln-Mercury division of the Ford Motor Co. It will go on salfi Sept. il, while other cars in the line go into the showrooms Sept. 18. The Mercury line also fea- tures an extensively redesigned Cougar and upgraded Mercury Monterey. The new Comet is about the size of Ford's Maverick. It is of- fered in two-door and four-door standard models and a Comet GT with added trim and other extra features. An optional V-8 engine for the Comet is the only V-8 in a car its size, said B. E. Bidwell, gen- eral manager1 of the Lincoln- Mercury division, and all Com- ets engines will run on tlie new 91 octane low-lead gasolines. The car's styling features a long hood and short afterdeek. The front end has a slightly bulged "power dome" hood above a horizontally ribbed grille that is flanked by single headlights. It also has ventless side windows and twin pod tail lamps. Company officials said the price of the Comet will not be determined until a few days be- fore it goes on sale. straight day in busy trading on (lie Montreal stock market today. Highlighting gains were Webb and Knapp, up 2 to 24, Interna- tional Utilities, to CPR, lz to QSP Ltd., lo 1414, Shell Canada, to Mac- Millan-Blocdel, to Abi- tibi Pulp and Paper Vt to Aquitaine, Vt to 2114, and Dom- tar, Va to Noranda was off to 26Vs, Imperial Oil Vt to Domin- ior Stores Va to Alcan Alu- minium Vt to and Hudson's Bay Co. Vs to 14Vi. The dollar value of trading was high for the usually quiet summer months. By a.m., shares of blue-chip is- sues on the Montreal Stock Ex- change changed hands com- pared with issues traded among speculative stocks on the Canadian Stock Exchange. On index, papers rose 1.29 to J5.23, utilities .23 to 129.33, in- dustrials .20 to 157.77, the com- posite .19 to 153.67 and banks .05 to 166.4G. HEFTY GAINS NEW YORK (AP) The stock market rolled up hefty gains today, extending the spir- ited rally of Tuesday's session. At noon, the Dow Jones aver- age of 30 industrials was up 6.44 to 723.1. Among Canadian issues on the New York Stock Exchange, Hudson Bay Mining was up Genstar and Inco both rose Va nd Canadian Pacific added Vz. Alcan lost Vs, Mclntyre Por- cupine dropped Vz and Walker Gooderham was off !4. On the American exchange, most Canadian issues were un- changed or unsold, although Scurry Rainbow added Beef Futures WINNIPEG (CP) The Win- nipeg live beef futures market was inactive Tuesday. Open High Low Close Sept. 29.10N Nov. 28.90N Jan. 28.50B MISCELLANEOUS QUOTATIONS Vancouver, Calgary, (Supplied by Doherty, Roadhouse and Livestock LAST BID OK SALE a.m. Quotes) a.m. Quotes! a.m. by Canada Department o[ Agriculture) WESTERN OILS intl Utl! Pld 28.50 Gr Equity 5.39 Almlnex 5.20 Inter Sleel Pipe 6.50 Gr In Shores 2.73 3.M rg Jefferson Lake Invest Gr 9 37 offer to 11 a.m. 140 cattle. lo'37'AJoutel Invest Mutual 4.56 were all slaughter BP -HO Kaiser Res )1.75 IOS Vent 3.02 Trade active. Good and Can South 3.65 Kam Kolia 1-85 Mutual Ac F 4.16 4.J9 Cdn ExGai -1.55 L Ont Port Cem 1.85 Mutual Gr F 151 butcher steers meeting Cdn Grldoll 6.60 Mentor 50 Mulua! In 4.17 demand at steady prices. Cdn Homestd 7.25 Newconex 5.75 Nat Res choice butcher heifers on Cdn Suoer 33.75 Rank Org 12.62'A N W 3r 3.84 4.2J DH Rlov... 10.12V, Selk Holh 10.75 Principal Or 3.35 3.68 Charter 6.25 shell Inv 28.00 Regent F 7.10 good grades steady. All classes of cows meeting very Chleftan 6.90 shell Inv Pfd 27.25 Roytund 4.57 demand at firm prices Dome Pete 54.50 shell Inv Wts 12.25 United Ac 4.0 4.41 Dynamic Pet. 1.41 Sicks' Rainier 3.80 Universal 6.J9 French Pele 6.60 West Cdn Seed 2.15 odd heifery kinds up to 21. Bulls lower. There were Gt Plain! 24.75 While Yuk 13.75 Anuk 20 Mill CIIV 1.63 CALOARY Arctic Mining .26 New Cent Acroll 90 Atlas Explor replacement cattle on offer to establish quotations. Numac 6.30 Ana Pete 07 Beth Copper Permo .93 Barons Oil 06 Block Bros steers 28 to 28.50; Petrol 1.26 Norlh Cent .03 Brenda 27 to 27.75; medium 25.50 Place Gal 1.05 Plains Pele .26 B.C. Sugar 26 75. Ponder 47 west Warner... .40 Capt Inter cows 20.25 to 20.80; me- Snootier B 1.25 Rexdale -14 Croyden 19 to 20; canners and cut- west Decaita 5.70 PIPELINE STOCKS Dolly Varden 15 to 18.50. MISCELLANEOUS, Alia Gas Tr L A Dynasty INDUSTRIALS N and C Endako 13.00 Atco Ind 10.75 N and C B Ptd S5.B71d Fort Reliance bulls 25 to 26. Butcher hogs sold Tuesday ftqualalne IUO Gas Metro T Lethbridge 25.85 to 26.30 Cdn Brew B Pfd 3575 Tr Cdn P Ptd Key Indust price. There were 100 :dn Hydro Car. 13.50 Tr Cdn p_War Brew sold for export price con- -pp PM s'37'A Western Pacific 4.35 Kamloops Copper 21.15 liveweight. Crows Nest Ind. 40.00 MUTUAL FUNDS Lornex IFE S Sfls Livestock r! li37iA Amr Gf Fund 4.03 4.42 Pyramid (CP) On offer name pfin Gr 457 5 "2 Silver Standard 11 a.m., about head; Hud Bay Co 14 12Vi Col Mutual 4.76 5.32 Texmont slaughter stters and If JIJ1 Husky OH war CMC 07310.06 Utica Trade was active. Slaughter steers were higher, heifers were steady, cows were Hog Prices EDMONTON (CP) Prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 25.75 to 25.80, selling 25.80. Average Tuesday 25.84. Red Deer: Quoted 25.75 to 25.80, selling 25.75. Average Tuesday 25.95. Calgary: Quoted 25.80, selling 25.80. Average Tuesday 25.79. Lethbridge: No market. Av- erage Tuesday 25.98. Lloydminster: No market. Average Tuesday 25.35. Sows at all points 16.72. Total hogs sold Tuesday aver- age 25.82. EXPERIENCED BODY MECHANIC REQUIRED IMMEDIATELY Full Company Benefits. Phone or apply in person lo BERT KNODEL Body Shop Foreman FLEMING MOTORS LTD. Body Shop Location 427 2nd St. 5. Phone 327-1591 Now in Lethbridge _Businessmen requiring term loans for sound business purposes are invited to discuss their needs at the recently opened IDB office in Lethbridge... IDB can lend tp almost all types of tourism, professional services, wholesale and retail trades, manufac- turing, etc. Ask for our booklet. INDUSTRIAL DEVELOPMEHT BANK TERM FINANCING FOR CANADIAN BUSINESSES LETHBRIQGC, 7-iO-Jlh Avenue, South t Grain Price Review TORONTO MINES, INDUSTRIALS a.m. Quotes) INDUSTRIALS Abitlbl Alcan...... Algoma Steel Supplied by Richardson Securities of Canada LAST BID OR SALE ui-00 o-m. Quotes) a.m. Quolesl 133.12% Atco Ind Atlan Sugar Bell Tel Brazil Trac B.C. Tel..... Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Cdn VIckers Chrysler CPR....... Comlnco Cons Bath Cons Gas Dist Sea Dom Bridge Domtar Dom Textile Dom Stores' Dome Pete Fam Play Fd ol A'mer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentlde Doug A Loeb....... Loblaw A Melro Stores Massey Ferg McMillan Bloe Moore Corp Molsons A 13 25 Falconbridgt 12.25 Frqbex 19.25 First Maritime Grant Y.K. 7.75 Gortdrum 10 00 Gunnar Granduc 28.25 Headway R.L. 14.75 Holllnger 20.00 Hud. Bay M-S 22.12W Hydra Ex. 10.75 Highland Bell 23.00 Iron Bay i.ouEIJ 'so Trans Mtn Pp 17-00 Jollet Quebec Trans Can Pp 29.12W Kcrr Addison 13.62V2 Key Anacon 32.00 Labrador 1.75 Lake Shore 9.37'A Leitch Langi5 Silver 21.25. Macassa 15.00 Madsen R.L. 2.10 Malartic G.F. I.JO Martin McNeely 11.50 Molsons B North, Cent pemblna Pp power Corp 13 00 Price Co 10 50 Rothmans St Corp 42.00 Shell CDA 12.75 Simpson's 59.00 Simp Sears 8.62'A Steel of Can 2375 Selkirk A Texaco 395 Traders Gp 7.35 4.35 4B5 1.05 9.75 9.00 22.00 3.25 5.00 19 00 56.00 21.25 Union Gas Union Oil Versatile Mfg Westeel..... Union Car Westons B Wodward's A West Cdn Sd Zenith Elec BANKS xi.4J Can Imperial Montreal 16 00 Nova Scotia .15.00 Royal...... 15 75 Tor-Dom M'NES 11.50 Acme....... 11 75 Advocate Asb. SIM Akaitcho..... 8 Area Mines 45.00 Belcher Iron Slack Bay Bralnrne Broulan..... Bethlehem i Brunswick Canada Tung. 40.25 Cassiar 16.75 Central Pat. 13.3716 Chlmo....... 40.50 ConWBSt..... 22.62'A Cons. Rambler 625 Coin Lake 27-'SO Cochenour 73.37'A Craigmont 4.35 DIckenson Mine Denison Mines Deer Horn D'Eldona Dome Mines Donald 1.11 7.60 3.60 8.05 11.50 30.50 20.50 20 2.80 3.25 2-12 .25 10-75 .37 28.25 3.10 1-50 .07 1.30 .55 .61 3.75 69.00 17.50 15.50 1 75 5.50 5.25 6.00 19.00 925 Maybrun 18.75 Maelntyre Meta........ Midrim 21.37V2 Intern Mogul 17.75 Athona New Calumet -09'A New Imperial 2.10 Noranda...... .43 Northgate 1.90 Opemlska .50 Osisko....... -07'A PaUno....... 1.55 Pine Point .23 Placer Dev. P.C. Exp..... Quebec Man Rayrock..... Radiore Rio Algom Roman Corp. Silverfields Sherritf Gordon Silver Miller Steep Rock 16.00 4.90 2.01 20.00 2.56 1.24 10.25 .44 10.62V3 Siscoe 2137% Discovery Mine 28.87V7 East Malartic 13.62% East Sullivan 1.31 25.50 .08 1.22 56.00 .29 1.30 1.00 5.50 Tek Corp. Texrnont..... Upper Canada Western Mines Wright Har. Willroy....... Windfall..... Yellowknlfe Br. Zenmac..... .23 153.00 .17% .27 10.50 .17 .26 1.68 27.00 10.62Va 11.75 .29% 33.25 29.75 .76 .21 1.20 .32 1B.25 118 M 1.55 4.15 1.50 1.43 .n i.m .10 NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T 33.00 Montgomery Ward 30 Golds 152.83 up 2.44 Anaconda 23.00 Sears 60.25 10 Base Met 93.57 up .61 Bin Steel 21.25 Std Oil of NJ. 64.25 15 W Oils 160.07 up 3.66 Chrysler lS.62Vi Texas Gulf 113.62'A Volume Comsat........37.37'A Texas Co 30.37'ANEW YORK AVERAGES Dupont........119.75 Woolworth ......31.00 30 Indust 725.01 up 8.35 General Motors 68.37'A Westlnghouse Elec 64.12Va 20 Rails 129.25 up 1.33 Gulf 27.75 U.S. Steel 29.75 15 Utilities 104.77 up .67 Int Harvester 33.00 TORONTO AVERAGES 65 Stocks 227.74 up 2.34 Ktnn Coppar 39.62'A 20 Indust 155.99 up .59 Volume U.S. Military Aid For Spain MADRID (AP) The United States is giving Spain mil- lion in military aidMhcluding Cameron Named In Shakeup VANCOUVER (CP) Air Canada has appointed Hal Cameron, former manager of the information bureau of the airline's Montreal head office, as chief of western region public relations. The appointment was report- ed to be part of a shakeup of Air Canada management aim- ed at increasing efficiency. Al Carlson, regional chief of public relations since 1952, has been given notice effective Aug. 31. Mr. Carlson said Doug Peck, another western regional public relations officer, also has been given notice but the airline has not specified his termination date. 36 used F-4 Phantom Jet the use of four bases in Spain for the next five years. U.S. sources said Monday the agreement signed Aug. 6, which also provides million in non- military aid during fiscal 1971, will turn over the bases to Span- ish control when the current pact expires Sept. 26. Earlier agreements had called for their turnover when- ever U.S. forces left. Potato Futures WINNIPEG (CP) The Mari- time potato futures market hac some bids Thursday, but no buyers. Open High Low Close Nov 2.20B Mar. 2.55 2.55B April 2.72B May 3.10B WINNIPEG (CP) An erra- tic trading pattern that devel- oped after mid-session con- tinued to the close of the Win- nipeg Grain Exchange today. Markets For Alberta Oil Needed-Greene NIAGARA FALLS, Ont. (CP) Resources Minister J. J. Greene said Tuesday he hopes negotiations for a common oil market with the United States can get under way soon. Mr. Greene said in an inter- view Canada consumes less than one-half the oil it produces and that new markets are needed for Alberta oil producers who are faced with export quo- tas established by the United States. "There will be no continental energy policy because there couldn't be since the resources belong to Canadians. But I do have oil for sale. If it looked as though there wouldn't be enough for Canadi- ans, it wouldn't be for he said. lower and bulls were steady. Choice slaughter steers 28 to 29, good 27 to 28, medium 26 to 27. Choice heifers 25.50 to 26, good 24.75 to 25.50, medium 23.75 to 24.75. Good COWS 20 to 20.50, medium 10 to 20.50, can- ners and cutters 17 to 19. Good bulls 25 to 26.75. Replacement cattle were in short supply with a few heavy steers 28 to 29. No stock or slaughter calves offered. Hogs base price 25.80. Goodyear Tire Profits Drop TORONTO (CP) Goodyear Tire and Rubber Co. of Canada Ltd., Toronto, reports a sharp decline in profits for the first half of this year attributed mainly to higher costs without a compensating increase in prod- uct prices. Profit declined1 to or a share in the six months ended June 30 from or ?4.69 a share in the first half of 1969. Sales eased to from 525 MANITOU ROAD S.E. ANNOUNCEMENT Ron G. Simpson, General Sales Manager, Is pleased to announce the appointment of Mr. William Cooper as Ac- count Representative and wel- comes Bill back to Southern Alberta. Mr. Cooper, who left Alberta six years ago, comes lo ABF with an extensive background in Office Sys- tems and Business Forms, maro recently as an Area Supervisor with a largo man- ufacturing company in South- western United Stoles. Mr. Cooper will servicing many of ABF's clients in Southern Alberta, CALGARY 24, ALBERTA WILLIAM COOPER Tuberculosis Tests Being Phased Out TORONTO (CP) .Regular mass x-ray tests for tubercu- losis are being phased out be- cause the incidence of the dis- ease has decreased signifi- cantly, a provincial health offi- cial said here. Dr. C. H. Korabeck, chief of the health department's TB prevention division, said the de- partment is concentrating on high-rise areas such as the city core and some rural areas. He said industrial particularly middle aged men and heavy smokers will still be x-rayed regularly. Dr. Rorabeck was speaking in an interview following the opening of a new chest clinic by Health Minister Thomas Wells. Buying enthusiasm that pre- vailed up to mid-session eased off after the late opening of the Chicago Market at disappoint- ing prices. The lower-than-ex- pected Chicago prices resulted In a relaxing of the bullish pressure than had prevailed here since the opening. Prices in all commodities eased ctf the higher trend of toe earlier sessions and new lows for the day were estab- lished in all futures after mid- session, Most futures closed on a trend towards lower prices. The volume of trade Tuesday included bushels of rye, of flax and of rapcseed. Lakehead prices for class two and IGA wheat had all Durums and Nos. I 2 and 3 northern lower. No. 4 north- ern was 2'A higher. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 3 4 l.SS'A; 1 Durum 2 1.63% 3 1.5374 IGA Nor 2 3 4 1 Durum 2 3 High Low Close Flax Oct 277JA 272V2 273V4 Nov 271V4 267% 268 Dec 269 267 May 276% 273% 274 Rapesee'd Nov 273% 2G4 Jan 272 2y2W 265% Mar s270V4 262 264% May 268 260 263 Oats Oct M 81% 82 Dec 82V4 81% 81% May 83% 83% Barley Oct May Rye Oct Dec May LARGEST GARDEN The largest Japanese garden in history has been created at the Japan world exposition Expo "70 in Osaka. 120 117% 121 118% 124 122% 124% 112% 107% 109 114% 110% 111% 119 114% Japanese Cars Good Competition LAS VEGAS, Nev. (AP) American car makers will tougher competition from Japa- nese imports than from the Volkswagen as they try to sell their new sub-compacts, Henry Ford II says. "The Japanese have good styling, good quality and that makes them good Ford said Tuesday. "We feel they are going to be the more difficult contenders." Ford, board chairman of Ford Motor Co., was hi Las Vegas for the introduction of the 1971 Ford and Lincoln-Mercury automo- biles. He predicted that the sub- compacts would reverse the up- ward trend in foreign car sales in the United States and that Ford's sub-compact Pinto, to be unveiled Thursday, will outsell Volkswagen. Foreign car sales amounted to 13 per cent of total U.S. auto sales in the last year. Volkswa- gen accounted for about hah" those sales. Japanese cars, pri- marily Toyota and Datsun, ac- counted for one-third of them. The Japanese lack the U.S. marketing experience and dealer outlets built up by Volk- swagen, but Ford said lie ex- pects them to overcome those obstacles soon. Storm Forms MA1MI, Fla. (AP) Tropi- cal storm Dorothy formed to- day in the Atlantic and threat- ened the Leeward Islands, about miles southeast of Miami, with peak winds of 55 miles an hour. BATA SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe store or ladies wear store APPLY: Stan's Men's Wear 321 5th St. S. Buyrite Men's Wear have bought the entire CLOSE-OUT Stock of Fit-Rite Tailors and are offering it at unheard of Savings PRICE and LESS ALL TOP QUALITY MERCHANDISE MEN'S SUITS Finest quality Worsted Suits. Double and Single Breasted Styles Assorted Colors. Sizes 36 to 44. Reg. 79.50. NOW ONLY------ Reg. 89.50. NOW ONLY Reg. NOW ONLY____ 37'5 4275 49.50 ALL ALTERATIONS EXTRA PLEASE MEN'S DRESS SLACKS 100% Pure Wool. Permanent Crease. Assorted Colors. Sizes 28 to 42. Reg. 21.50. FOR ONLY..... 9.95 DRESS SLACKS Wosh-N-Weor by Tet-Rex. Sizes 28 to 32. Reg. 15.95. NOW ONLY GWG CASUALS Broken Size Range. Assorted Colors. Goi ing At 72 PRICE SHORT SLEEVE SPORT SHIRTS %L nnd Colors. Reg. 3.95, NOW COWBOY .AND STRAW HATS NOW 99c 99c GLEN ISLE by PENMANS T-SHIRTS SIT..... 99c JAC SHIRTS Assorted Colors in Stripes or Solid Color. Sizes S-M-L. Reg. 6.95 8.95. ].99 SPORT JACKETS Fine All-Woo! Garments by leading .Manufacturers. 2395 Men's Co-Ordinates Reg. 49.50. NOW ONLY Reg. 59.50. NOW ONLY ALL SALES CASH AND FINAL No Exchanges Or Refunds Please! BUYRITE MEN'S WEAR 318 5th Street S, ;