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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 21, 1970, Lethbridge, Alberta Computer Failure Delays Quotations TORONTO (CP) Tables early transactions today on stock exchanges at To- ronto, Montreal and Vancouver were unavailable due to com- puter failures but some of the trouble was rectified by early afternoon. Trouble in two concentrators which process information from manually-punched tape and feed it to the main computer was blamed for the Toronto failure. When this trouble was cleared, about 1 p.m. EDT, the ex- change said it expected opera- tion to be normal for the re- mainder of the day. A few stock quotes were available, indicating oils were strong and industrials soft. French Pete was up 10 cents to Imperial Vs to and Shell Vt to Interprovincial Pipe dropped J to 24 and Stelco to 22. Massey-Ferguson was up to and Moore Corp up Vt to At Vancouver, the exchange's computer was out of operation from the start of trading and of- ficials expected it would be out for some time. Ticket service continued anc the trading floor was active but brokers were forced to operate without the instand quotation service, operated off the com- puter. Cumulative volume fig- ures, also normally provided by the computer, were unavailable. PRICES SLIT MONTREAL (CP) Prices on the Montreal stock market slipped lower in active early afternoon trading today. MacMillan-Bloedel was off to Bank of Nova Scotia y4 to Ivaco Vs to 7% and Chemeell 20 cents to 4.25. Among senior mines and oils Falconbridge Nickel was aheac 1 to 133, Inco Vz to 4ffi4, Shel Canada "4 to 29, Gulf Oil Co. to Texaco Canada to 5414, Northern and Central Gas Insurance Finn Ex-Chief Dies TORONTO (CP) St. Clair McEvenue, former president o the Canada Life Assurance Co died In hospital here after brief fllnsss. Mr. McEvenue, 80, was edu cated in Toronto and at McGl University in Montreal wher he was a star on the univer football team. He later coached Toronto AT gonaute and led' the team to Grey Cup championship in 192 by defeating Edmonton 23-0. He joined Canada Life in 1927 tiid retired as president 1948. Potato Futures WINNIPEG (CP) Tradin was light at the Maritime pota futures market Thursday wi a few transactions completed a prices near previous clos levels. Open High Low Clos Nov. 2.22 March 2.55 April 2.75 2.75 May S.20 3.23 3.20 3.25 Montana-B.C. Rail Link Decision Is Pending OTTAWA Cana- dian transport commission ruled Thursday that it has juris- diction over a proposed link be- tween the Burlington Northern Railway and the Kootenay and Elk Railway Co. on the Mon- tana-British Columbia border. But it said it cannot make a decision on the proposal until it has more detailed information. The Kootenay and Elk, pro- vincially-incorporated railway, and the Great Northern Hallway to IVfi and Aquitaine Vi to Famous Players moved up h to 10, Consolidated-Bathurst to 11V4, Alcan Aluminium Canadian Breweries Central Del Rio to and Moore Corp. to CPR advanced Vi to 56 and ell Canada Vi to On index, banks slipped .32 to 7.75, utilities .10 to 129.45, the imposite .05 to 153.74 and in- ustrials .01 to 157.68. Papers oved ahead .19 to 86.01. Volume at 1 p.m. was lares. ALLY EXTENDED NEW YORK (AP) The lock market reached higher ground today as it extended the ally that began Tuesday. By noon the Dow Jones aver- ge of 30 industrials had mrted ahead 8.15 points, or 11 per cent, to 737.75, the high or the session so far. Trading as moderately active. Alcan and Canadian Pacific dded Vs among Canadian is- ues, while Distillers Seagrams ose Mclntyre Porcupine off 1, Inco Vi and Massey 3. On the American exchange, rascan dropped Vs and Preston i. Scurry Rainbow picked up i, as did Canadian Javelin and upiter Corp. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE (lltW a.m. Quotes) Quotes) i.m. QUOIM) Lskt. WESTERN OILS Jeffenon Alminex 5.3! Joutel Asamera 13.3716 Kaiser Banff........ 11.37W Karri -Kotla B P OH and Gas 4.40 L Ont pnrt Cdn South 3.85 Cdn Ex Gas 5.15 Cdn Grtdoll 7.00 Cdn Homestd 7.45 Cdn Ind Gas Oil 10.25 Cem 1.77 1.W 35.75 10.50 6.20 7.20 57.75 1.40 6.85 1.62 6.50 .89 1.35 .80 1.05 ,d9 9.90 19.75 1 34 6.00 Cdn Super Cent Del Rio Charter Chfeftan Dome Pets Dynamic Pete French Pete Gt Plains Mil! City New Cant Numac Permo...... petrol Pinnacle place Gas Ponder Ranger Scurry Rain Scooner West Decalla MISCELLANEOUS INDUSTRIALS Afco Ind 11 50 Aquatslne 23.25 Brit Nfld 4.W Cdn Brew B Pfd 3S.25 Cdn Hydro 13.38 Cdn Pac Inv Pfd 22.75 CPR Pfd 8-50 Crows Nesr Ind Cygnus A cygnus B Gt Cdn Oil Send Gt Cdn Oil 6-75. Home A Home B Home Plttld Hud Bay Co Hud Bay Oil Hugh Russ HiHKy Oil Hus-.y Oil War Inter Prov Inter Steel Pipe Mentor Newconex Pacific RanK Oftf Selk Hold Shell Inv Shell Inv Pfd Shell inv WW StcKs Pa'n West O'n ified Whits Yukon CM. Ana Pete Barons Oil North Cont Plains Pete West Warnei Madison Oulnalta Rexdale PIPELINE STOCKS Alta Gas Tr L A 45.00 Alia Gas (Nat) 20.50 Inland Nat GflS 9.25 N anddCcVpld 2175 Gai Metro 4.20 Tr Cdn Pipe 29.25 Tr Cdn P PW 38.00 Tr Cdn P War 9.20 Westcoast Tr Western Pacific 8.87'A Invest Gr invest Mutuil 10.50 IOS Vent Mutual Ac F Mutual Gr F Mutual In United Ac Universal SBV Anuk Arctic Mining Atlas Explor Beth Coppi 14.00 Bornlle'ftWflt Block Broi Brenda .16'A B.C. Sugar capt Inter 14 Churchill Cresfbrpofc F Ind Croyden Dolly Varden Dynasty Endako Fort Reliance Giant Mascot GranlslO Key tndust...... Hy's 19.62'A Interior Brew 4.60 Jericho 1.U 19.31 4.62 IM 3.04 3.32 4.31 4.74 3.S3 4.20 4.62 (At 7.09 3.3S S.M 3.90 4.29 3.37 3.70 7.21 7.88 i.7l 4.03 4..13 6.77 .20 .26 1.02 15.50 .18 3.65 11.00 15.50 2.70 2.60 i.CO -IB .42 7-05 12.50 .58 2.85 .30 2.75 4.30 MUTUAL FUNDS Kamloopt AGF Special 2.01 Lornex AAI Cdn Com t.m t.U Lytton Mineral. All Cdn Dlvld 7.10 7.76 Madrona Al Cdn Vent 3.06 3.34 New Cronln Vmr Gr Fund 4.06 4.46 New Imp Mines Cdn Gr 4.63 5.09 Primer Cdn Invest F 4.01 4.40 Pyramid Col Mutual 4.77 5.24 Silver standard Cmnw Inter 10.S011.S4 T C Explor 39.62'A Cmnw Lev 2.66 2.92 Texmont 2000 Corp Invest 5.14 Trojan 1050 Corp Invest S F 4.27 4.67 Western Mines 45S Dreyfus F U.S. 9.84 10.7S Westcoest Rej 1100 Gr Equity 5.42 5.95 Western Explor Gr In Shares 2.77 3.05 Utlca 44.01 5.00 5.00 3.SO 100.00 18 00 2.15 14.25 .11 7.90 2.75 .32 .08 1.69 .17 1.60 .42 .47 .63 4.15 .17 .20 .87 Feedlots Warning [ssued WASHINGTON (AP) Tests showing the extent of ammonia rom animal wastes absorbed >y lakes have prompted a U.S. government call for additional measures to protect bodies of water from contamination by nearby feedlots. "The magnitude of this source of nitrogen to says the U.S. agriculture department, 'upset the prevailing concept hat only runoff and deep perco- ation from cattle feedlots re- quire control." The warning cams this week after test measurements of sev- eral lakes in northwest Colorado showed the water became over- enriched with nitrogen originat- ing from cattle urine. Government scientists found that as much as 90 per cent of the urinary nitrogen excreted on a feedlot can be released di- rectly into the air in the form of vaporized ammonia. Measurements made at a lake just over one mile from a feedlot indicated 30 pounds of nitrogen in the form of volatile ammonia was assimi- lated per acre of lake surface per year. Government soil scientists re- ported that amount1 of absorbed nitrogen is enough to enrich a lake averaging 20 feet in depth to between two and three times the concentration needed to en- courage growth of algae. Overa- bundance of algae, in the form of scum and subsurface plants, TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotei) a.m. Quotes) a.m. Quoies) INDUSTRIALS Abltlbl...... Alcan...... Algoma Steel Atco Ind..... At Inn Sugar Bell Tel..... Brazil Trac B.C. Tel..... i Burns B.C. Forest B.C. Sugar CAE Ind..... Cdn Brew Chemeell Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Chrysler CPR....... Cons Bath Cons Gas Dist Sea Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Job tnf Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurenflde Kelly Doug A Loeb....... Loblaw A Metro Stares Massey Ferg McMillan Bloc Moore Corp Molsons A Molsons B North, Cent 7 171A Pemblna Pp ZO 50 power CorP 15 62W Prlce Co l ttw Rotnmans JW I2B7W P Sears COM Steel of Can a Selkirk A ?3'i5 Texaco..... Traders Gp A 390 Trans Mtn pP Trans Can Pp Union Gas e'm Union Oil 12.1216 Frobex....... 19.75 6.00 7.75 10.00 Union Car Weston's B Woodward's A West Cdn Sd Zenith Eelc BANKS Can Imperial 10.87fc Montreal 16.25 3.J5 19.62'A 56.50 20.75 Nova Scotia 28.50 20100 22.00 10.75 24.00 8.75 17.50 29.00 14.00 32.00 1.75 21.75 2.10 1.65 19.12V1 15.00 Giant Y.K. Gortdrum Gunnar Granduc Headway R.L. Hydra Ex..... Highland Bell Iron Bay Iso......... JoEiet Quebec Kerr Addlson Key Anacon Labrador Lake Shore Leltch....... Langis Silver Macassa..... Madsen R.L. Malartic G.F. Martin McNeely Maybrun..... MINES depletes fish. "or- 13.12'A 11.25' 11 Advocate Asb. 5S75 Akaltcho 9.65W Area Mines 45.00 Betcher Iron 3.-0 Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Cassiar li.STO Central Pat. 13.SO Chimo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Oickenson Mine ,.__ Denlson Mines Deer Horn 4.00 D'Eldona 18.00 Dome Mines 9.00 Donalda 25.50 Discovery Mine 29.25 East Malarllc 13.6JV] East Sulllvnn 13.37'A Falconbrldgt 70.00 17.50 15.25 1.70 14.75 40.00 40.75 24.00 6.75 27.00 13.50 4.50 5.50 Midrlm Intern Mogul New Athona New Calumet New Imperial Noranda NorthgaK Opemlska .07'AOstsko 1.62 Patino Pirns Point Placer Dev. P.C. Exp..... Quebec Man Rayrock Radlore Rio Algom Roman Corp. Silverflelds Sherrltt Gordon Silver Miller ____ steep Rock 25.37'A Siscoe....... Corp..... 08 Texmont..... Upper Canada Western Mines Wright Har. Wlllroy Windfall..... Yellowknlte Br. Zenmac 13.50 .09 J.15 1.91 .45 .22 15.50 4.85 2.03 20.25 2.60 1.20 10.50 .89 .14 .41 10.75 1.18 56.50 .27 1.30 1.00 5.45 131.00 1.11 6.85 3.45 1.45 8.05 11.00 31.00 20.50 .22 5.80 3.10 2.10 .25 11.J5 .38 28.25 3.10 1.52 .07 1.25 .80 .64 .II1. .23 147.M .29 10.75 .18 .26 1.69 27.25 10.37 11.50 .30 35.00 33.62 30.00 .81 18.00 .07 2.90 1.82 6.10 .46 1.55 4.15 1.50 1.. .11 4.91 .10 originally applied last Noy- bcr for permission to join eir lines at the border. The reat Northern subsequently as merged into the new Bur- gton Northern company, llie Kootenay and Elk would ild line to carry coal and te for Kaiser Resources Ltd. jhi the interior of British Col- mbia to the border, for move- ent on the old Great Northern to the Pacific Coast and ck into Canada for export trough the new Roberts Bank perport facilities near Van- uver. in this way, the Kootenay and k and ffie Great Northern ould compete with the Cana- an Pacific Railway, which ow has an all-Canadian route the coast. The Kootenay and Ik would have to cross the CP ail line, or get rights to run ong part of it. After making its original ap- tcation, Burlington and the ootenay and Elk proposed a an to have their lines meet at border, but not cross it. line would come within a uarter-inch of the border, and ere would be no physical link ough trains could pass over le half-inch gap. The question of the federa card's jurisdiction in such E ase was raised, and Burlington nd the Kootenay and Elk asket tie commission to refer the uestion of jurisdiction to the upreme Court of Canada The railway transport com ilttee of the transport commis on ruled that it has jurisdic on in the matter and the case need not be referred to the Su preme Court. The connection whether or not there is a physi al joining of the tracks at the would result in an inter ational railway border cross ng and so coine within the com mission's jurisdiction. But the commission said, in ecision written by Pierre Tas hereau, vice-chairman of th ommittee, that it cannot give final decision on the applicatipi The exact location of the lin ias not been determined, an greernents have to be worke ut between the two railway or handling trains crossing th 'Order. oxygen required by I NEW YORK STOCKS Supplied by Richardson. Securities ol Canada Amr T ana T 45.J5 Montgom.ry Wen) tt.50 20 Golds 153.38 o.e. Anaconda 33.00 SMrs 10 Met S3.3S olf Blh Steel 33.00 Std Oil of N.J. 15 W Dili T47.9] up .32 Chrysler 20.37W, TBas Gulf 1H.8TOWEW YORK AVERAS 3l'.SO 30 Indus! up 10. 7I.MV4 Wsstlnghouse Elec 20 Rilli "P 1-J U.S. Steel J9.17V4-15 UHIIIIM 1M.H UP S.50 TORONTO AVERAGES B Stnclo J3IJ9 UP 2 39.62W 20 Indust 1M.2< up .57 Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Calgary Livestock CALGARY (CP) On offer 11 a.m., about 250 head; ostly replacement cattle of nixed quality. Trade was mod- erate. Slaughter cattle sold In line with closing prices Thursday. Choice slaughter steers 28 to 9, good 27 to 28, medium 28 to 7. Choice heifers 25.50 to 26, o o d 24.75 to 25.50, medium 3.75 to 24.75. Good cows 20 to 1.50, medium 19 to 20, earners Shell Offshore Well Plugged (CP) She ii CALGARY Canada Ltd. has plugged eighth east coast offshore we at feet after finding n commercial petroleum deposits The drilling rig has bee moved to a location 35 mile northeast of Sable Island, 18 miles southeast of Halifax, an another exploratory well ha. jeen started. Livestock Report and cutters 17 to 19. Good bulls Z5 to 26.50. Replace mcnt cattle were mostly heavy feeder steers and heifers meeting a good demand at steady prices. Good feeder steers more than 760 pounds 28 to 29.25, light kinds to 32.25. Good feeder heif- ers more than 650 pounds 28 to 28, few light kinds to 33. Few stock steer calves 35 to 43 de- pending on weight. No slaugh- ter calVes offered. No hogs offered. Grain Price Review Winnipeg Grain Prices WINNIPEG (CP) All com- modities followed an easier rice pattern on the Winnipeg Train Exchange today, with all itures closing lower. Declines were attributed argely to a more accurate re- sort of the U.S. corn damage indicated earlier reports exaggerated. Pit operations were quiet most of the day with commis- ion houses on both sides of be market the main activity. The volume of trade Thurs- Jay included: bushels of lax, of rye and if rapeseed. Canadian wheat exports Tiursday consisted of jushels to China and to rapan. Prices for Class Two wheat or export to countries outside Beef Futures WINNIPEG (CP) Severa offers and bids were made near previous close levels at the Win- lipeg live beef futures market Thursday, but no transactions were completed. Open High Sept. Nov. Jan. Low Close 29.45A 29.00N 28.50B NET EARNINGS By THE CANADIAN PRESS Canadian Delhi Oil Ltd., sb, month? ended June 30: 1970 9.2 cents a share; 1969 9.8 cents. Canadian Pacific Railway Co., six months ended June 30 1970, a share 1969, Beaver Lumber Co. Ltd., sis months ended June 30: 1971 26 cents a share: 1969 36 cents. G. Tamblyn Ltd., year endec March 28: 1970, share: 1969, NEW POST FOR SPEAKER WINNIPEG (OP) Ben Hanuschafc is vacating th position of Speaker of the Mam toba Legislature to become con sumer affairs minister. E. ROBERT j. MCGREGOR, C.A. AND WILLIAM R. LORD, C.A. Wish to announce the formation of the firm of MCGREGOR, LORD co. CHARTERED ACCOUNTANTS for the practise of their profession 434 7th Street South IETHBRIDGE, ALBERTA P.O. Box 940 Telephone 328-6691 Friday, II, THI IETHBRIDOI HtRAlB 17 Shell Plans Non-Lead uasoline TORONTO (CP) Shell Can- da Ltd. announced Thursday it ill begin marketing a non-lead isoline in October. A Shell statement ssid jw fuel will have an octane iling designed to meet needs low-compression, 1971 can nd will sell for 2.5 cents more on regular-grade gasoline. The statement said It is possl- le that older model cars with ow-compression engines will be sle to use the non-lead gasoline ut these cars probably re- uire tuning adjustments "We could have left s small amount of lead in our new gaso- ine since 1971 cars will perform atisfactorily on such a le statement said. "However, ince the automotive mahufac- urers says that a completely ead-free gasoline is essential to acilitate engine design changes hat will reduce exhaust emls- ions, we decided to produce gasoline which will be satisfac- :ory for '71 models and for can of the future." Imperial Oil Ltd. announced ecently it will market a low- ead gasoline this fall. Introduc- ion of the low-lead fuel will be he first step towards produc- ion of a non-lead gasoline, Im- perial said. A: 1 Nor 2 3 4 1 Durum 67Vi-, 2 3 IGA 1 Nor 2 4 1 Durum 2 1.64V4; 3 High Flax )ct 267% 264% 270% Rapeseed ov 265% 261% 258% )ec fay 256% an Jar lay Oats )ct 81% Jec 81% day 83 Barley )ct 117% 118 122% Dec llay Rye Oct Dec lay iosy5 108 112% Low 271 265 262% 269% 259% 256% 255% 254% 81% 79V4 81% 11? 116% 120% 101 103% 110 Close 271% 265% 263 270 261% 258% 256% 254% 81% 79% 81% 115% 116% 120% 101 103% 110 Hog Prices EDMONTON (CP) Price bo 11 a.m. today provided b the Alberta Hog Producer darketing Board: Edmonton: Quoted 27.25, sel ing 27.25. Average Thursda 27.44. Red Deer: Quoted 27.25, sell ing 27.25. Average Thursda 26.94. Calgary: Quoted 27.50 I 27.55, selling 27.55. Averag Thursday 26.89. Lethbridge: No market. A' erage Thursday 26.49. Lloydminster: No marke Average Thursday 27.26. Sews at all points 17.11. Total hogs sold Thursday 408, average 27.21. DIVIDENDS By THE CANADIAN PRESS Greyhound Lines of Canada Ltd., common 12% cents, Oct. record Sept. 1. Imperial Oil Ltd., common 12% cents, Sept. 30, record Sept. 1. Lanrentide Financial Corp. Ltd., common five cents; pfd. 35 cents; pfd. 50 cents, all Sept. 30, record Sept. 10. F ASHPHALT PAVING TOILESTRUP SAND and GRAVE! Construction Co. ltd. PHONE 328-7702 327-3610 PROVINCIAL ARCHIVES REFERENCE ROOM will be OPEN SATURDAYS o.m. end p.m. EFFECTIVE SEPTEMBER 5 This inilia! trial program will bo in until November 28. If public demand Is sufficient, tht lervke will be extended. Penonl wishing to Iho reference room facilitiei on Saturday ore requeued to write or phone In advance 10 that required material may be pre- pared. For complete details, contact: Provincial Museum and Archives of Alberta 12845 102 Avenue, Edmonton 40 Telephone 482-5451 WE'RE DOWN to BARE FACTS! Ifs time to move out the remaining stock of brand new 1970 models and company demonstrators being ottered NOW AT SUBSTANTIAL SAVINGS! TOP VOLUME DEALING Before you buy-cheek at or you may pay too much! it's the servke after the sale that counts! CONVENIENT GMAC TERMS TO SUIT YOUR BUDGET iNABlES US TO GIVE YOU TOP VALUE At Beny's there's NO GIMMICKS NO GIVE-AWAYS JUST GOOD HONEST VALUES! CHEVROLET OLDSMOBILE BENY 'putting You' FIRST Keeps Us FIRST Main Garage and Showroom Phone 327-3147 OK Supermarket Car Lot Phone 327-3148 MOTORS INSURANCE CORPORATION. SO _ 8PKIIIHI1 In automobile phyi'eil dumigi Iniun: ty GMCra! Molors deslc'i. ;