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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 27, 1970, Lethbridge, Alberta Four-Day Market Advance Halted TORONTO (HP) Prices turned downward in light m id- morning trading today on the Toronto stock market, interrupt- ing four consecutive sessions of advance. On index, industrials dropped .25 to 159.66 and western oils .28 to 167.80.' Golds were up .33 to 150.09 and base metals 1.10 to 95.59. Volume by 11 a.m. was shares, up from at the same time Wednesday. Gains outnumbered losses 116 to 84 with issues unchanged. Analysts said the sharp rise in base metals was caused by an- nouncement by Finance Minis- ter Benson Wednesday of changes in Income Tax Act re- vision proposals which affect the mining industry. The changes would give min- ing companies greater depletion allowance advantages than orig- inally planned in the govern- ment's white paper on taxation. Falconbridge Mining rose 314 to 137, Lake Dufault H to Bethlehem Vz to Kerr-Ad- dison to New Quebec Raglan Va to 17% and Sherritt V, to 18. BANKS DOWN MONTREAL (CP) Banking issues, strong in recent days, turned sharply downward as prices slipped in active trading on the Montreal stock market today. Royal Bank slipped 14 to Bell Canada to Bank of Commerce to 20, Hudson's Bay Co. Va to Inco to and Alcan Aluminium Vs to Massey-Ferguson was off to 8% after reporting third- quarter losses. Falconbridge Nickel jumped 6 to 137, Du Pont to 18% and Belgium Standard to Moore Corp. was ahead Vz to 32V4, Banque Canadienne Na- tionale 14 to 1314 and Abitibi Pulp and Paper Vs to 7% On index, banks slipped 2.25 to 175.15, utilities .57 to 130.17, and the composite .16 to 158.21. Industrials were ahead .25 to 162.76 and papers .10 to 88.32. Volume at 11 a.m. was shafts. PRICES REBOUND NEW YORK (AP) Stock prices rebounded slightly from early losses today after the an- nouncement that the govern- ment's index of "leading indica- tors" for July had risen. Trading remained moderate, but the New York Stock Ex- change tape ran one minute late. At noon, the Dow Jones aver- age of 30 industrials gained 1.58 points to 762.05. Earlier, it had been down more than 3 points. Canadian Pacific, Dome Mines and Mclntyre Porcupine all added 14 among Canadian is- sues, while Massey was down a like amount. Inco and Walker Gooderham dropped Vs. On the American exchange, Brascan added Vs, Canadian Javelin was up and Scurry Rainbow put on Preston was off NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T Mcnt Ward 25.37'A20 Golds 149.W off .10 66.25 10 Base Met 95.07 up _ West Oils 169.04 up .96 31.00 NEW YORK AVERAGES .........._____.......... 33.25 30 IndUSt 761.30 Up .83 72.37'A Westlnghouse Elec 4S.62VSt20 Rails 136.39 up .49 28 75 U S Steel 30.50 15 Utilities 709.23 up .83 Anieonda Bin Steel Chrysler Comsat Dupont ___ Gen Motors Gulf 23.50 Sears Sid .......24.25 Texas Gulf 39.12'A Texas Co. 125.87ft Woolworth InT'Harvester H.75 TORONTO AVERAGES 65 Stocks 239.12 up Kenn Copper 39.50 20 Indust 1S9.S1 off .40 Volume 'ervices 1003 4th Avenue S., Telephone 328-4436 and Systems WEEKEND SPECIAL ONLY Effectlv. 12 noon _______...___ noon Mon. PLUS Tic A MILE Beny Automotive Enterprises Ltd. Contact Borii Koreshenkov, Rep., Rtnt a Car 2nd Ave. and 8th St. S. Phone 327-0665 RENT A ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK Consign to PICTURE BUTTE AUCTION MART PICTURE BUTTE AUCTION MART Ideally located in th> centre of large cattle feeding and hog raising area __ mf .dOCk SATURDAY, AUGUST 29th at 1 p.m. REGULAR CATTLE SALE 300 HEAD 300 Highlighted BV Plus 23 BLACK WHITE-FACE COWS 23 SPRING CALVES 16 YEARLING BRED HEIFERS ALSO 18 BRED SOWS 300 WEANER AND FEEDER HOGS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOE or JIM JURIS Phont 732-4400 or 732-4468 MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Dohcrty, Roadhmise and McCuaig) LAST BID OR SALE (llioo a.m. Quotes) INDUSTRIALS a.m. Quotes) Ablttbl...... Alcan Algoma Stesl Atco Ind Allan 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 of Amer Gt Cdn OH Gen Motors Gt Lakes Pap Gulr Oil 'Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tub Int Nickel !nt Pipe Inv Gp A Int Utilities Indust Accept Laureritide Kelly Doug A Loeh....... LobSaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molsons A 7.75 22.50 Molsons B North, Cent Pembina Pp Power Corp Price Co 11.62'A Rothmens 37V4 St Law Corp A2.SQ Shell CDA 12.87W Simpson's Simp Sears g.SO Steel of Can 25.50 Selkirk A 15.25 Texaco..... 4.00 Traders Gp A a.m. Quotes) Falconbridge 135.00 .25 1.12 7.60 1.46 13.25 13.00 Frobex....... 20.25 First Marillmes Giant Y.K..... 8.50 Gunna 10.37'A Gronduc 20 SO Headway R.L 29.25 Hollinger 15.50 Hud. Bay M-S 20.50 Hydra Ex. 2Z.12W Highland Bell 10.50 iron Bay 2-1.50 iso..... 8.50 Jollet Quebei 7.07'A Trans Mtn Pp 17.00 Kerr Addison" 4.75 Trans Can Pp Key Anacon 14.00 Labrador 33.00 2.00 11.75 21.50 15.50 2 10 5.12'A Union Gas 22 75 Union Oil Versatile mfg Union Car Weston's B Woodward's A West Cdn Sd Zenith Elec I'.OS 10.00 10.50 23.00 3.35 5.25 22.87W 55'S T.65 Lake Shore Leltch Lanqis Silver Macassa Madsen R.L. Malartic G.F. 8.15 11.00 33.00 21.00 2J5 3.15 2.04 1U2V4 .37 31.00 3.15 1.52 .08V4 138 .65 .65 BANKS Can Imperial Montreal Ji'Sic Nova Scotia Tor-Dom 1150 MINES 11 Acme -H Advocate Asb. 5S 00 Akaltcho Area Mines fj QO Belcher Iron Black Bay 73 OQ Bralorne Broulan is'ofl Bethlehem 1.00 Brunswick 1500 Canada Tung. AO.UVs Cassiar 1775 Central Pat. 14.42% Chlmo 41.63Vi Conwest 23.75 Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mine Denlson Mines Deer Horn D'Eldona ,'m. Dome Mines Dnnatda Discovery Mine East Malartic East Sullivan Martin McNecly 11.50 Maybrun Maclntyrft Mela........ Mfdrlm Intern Mogul New Athona New Calumet New Imperial 220 Noranda..... 'AA Northgate Opemlska Osisko....... Patlno....... Pine Point Placer DeV. P.C. Exp. 20.00 15.25 19.50 22.75 19.50 1.95 .41 1 f 7.00 24.50 13 S7! 4'. 35 5.75 5.00 6.00 19.00 9.00 25.50 32.75 13.75 4.70 2.08 2.95 1.24 11.50 .91 .14 .41 10.50 1.41 2500 .03 1.24 54.00 .26 1.30 7.05 5.35 Quebec Man Rayrock..... Radiore Rio Algom Roman Corp. Silver-fields Sherrilt Gordon Silver Miller Steep Rock Slscoe....... Tek Corp..... Texmont..... Upper Canada Western Mines Wright Har. wiliroy..... Windfall Yellowknlfe Br. Zenmac..... .32 .18 .27 1.B3 28.00 12.00 .30 34.00 34.75 31.75 .92 .20 1 40 .32 79.50 6.55 2.02 1B.12W .08 2.95 1.87 5.85 .47 1.65 4.05 1.4S 1 3fi TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) WESTERN OILS Almln'ex Asamera Banff ,B P. Oil Can South Exp Gas Cdn Grtdoll Cdn Home Cdn Indus Gas, Cdn Long Is Cdn Super Cent Del Rio Charter Chieflan Dome Pels Dynam Pete French Pet Gf Plains Mil! Cily NGW Cent North Cdn Oil Numac Perrrm Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner West Dec 5.15 12.75 11.25 4.55 .1.30 4 85 8.25 7.50 10.00 .74 3100 11.00 6.35 7.70 57.75 1.3fi 6.65 25.50 1.60 1.10 5.90 a.m. Quoies) Int Pro Pipe Int Steel Jeff Lake Kaiser Res Kani Kotia Lake Ont Pt Mentor Newconex Pac Pete Rank Organ Inv Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Sd White and Yutc CALGARY Acroll Anac Pete Barons OH North Cont Plains Pete West Warn Quinalla Rexdale PIPELINE STOCKS a.m. Quotes) 11.50 Growth Equity 5.93 4.50 6.50 Gr Income Sh 2.64 3.12 8.50 Invest Gr 9.63 10.53 1 16 Invest Mut 4.73 5.17 11.00 Mut Accum Fd 4.46 4.91 1 B5 Mut Gr. Fd 3.72 4.09 2.15 Resources 6.66 .51 N.W. Fin 3.51 3.B6 6.15 N.W. Growth 4.17 4.58 26 87'A Prfn Growth 3.52 3.8i 13.75 Royfund 4.73 4.B8 29 50 United Accui 28.37'A Universal Sav 6.2B 6.86 VANCOUVER 15.00 Anuk .....20 2.10 Arctic Mining.....25 Atlas Explor 1.05 .5-5 Beth Copper 16.50 .07 Bornlte Riclgs .17 .06 Block Bros 3.90 .02Vi Brenda 11.00 .2? B.C. Sugar 15.37'A cant Inter 2.65 Churchill Cop 2.40 _. .05Vi Crestbrook For ....6.00 .14 Alta Gas Tr A Croyden Dolly Varden Dynasty Endako MISCELLANEOUS INDUSTRIALS 5.90 Atco Ind Aquataine Brit Nfld Cp Cdn Brew A Cdn Hyd Car Cdn Pac Inv CPR Pfd Crows Nest In. Cygnus A Cygnus B Gt Cdn Oil Gt Cdn Oil Sd Home 01! A Home Oil B Home and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil Husky Oil Husky Oil War. Alta Gas Tr 70.00 Alia Gas Nal 21.00 Inland Nat Gas 10.00 North and cent 13.00 North and cent P U.m Gaz Metro Tr Cdn Pipe 59.00 in Tr Cdn Pipe 2.10 38.00 IJM Tr Cdn Pipe P 57.50 2J MVi Tr Cdn PipR War acfi Westcoast Tr 19.50 Western Pacific 4.55 MUTUAL FUNDS A.G.F. Special 2.04 All Cdn Com 6.34 S.93 Primer All Cdn DIv 7.40 8.09 Pyramid All Cdn Ven 3.12 3.41 silver std Amer Sr Fd 4.23 4.64 T.C. Explor 210 Cdn Invest Fd 4.11 4.51 Texmont 1450 Commonwealth 11.02 12.08 Trojan 39.2! Com'weaith Lev 2.77 3.04 West Mines 5225 Corp Invest 4.83 5.28 Westcoast Res Corp Invest Fd 4.28 4.68 west Explor 4 85 Dreyfus Fd .25 .44 A.65 13.00 .54 2.75 13.25 11.75 23.00 50.00 4.75 4.80 3.95 100.00 17.75 Fort Reliance Giant Mascot Granlsle Key Indust Growers A 3-20 >Hy's 2.75 Inter Brew 4.50 Jericho ...........08 Kamloops Cop .10 Lornex 8.35 Lytton Mln 2.52 Madrona .........33 New Cronin.......08! New Imp Mines 1.86 .'31 1.75 .50 .47 .61 4.15 .19 lT.22 Uiici .85 FOR RENT Building with Sq. Ft. or Less Located on 3rd Avenue with good parking Feasible for any type of Write Box 24, Lethbridge Herald REGISTERED PHARMACIST Twenty years experience in retail pharmacy Desires position in dispensing or retail store, or allied field. Alberta registration: AVAILABLE IMMEDIATELY Reply Box 30, Herald 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. ADVERTISING Imprinted items end novelties for by businesi tttablish- advertising CALENDARS MAGNETIC SIGNS IEATHERS and VINYLS IMPRINTED PENS KEY CASES BOOK MATCHES BILLFOLDS, ETC. CUSTOM DECALS QrdV Now For Chriilmai Delivery Your Complete "SPECIALTY ADVERTISING" AGENT GORDON PERRY Phone Evenings Box J95 Manager 7SJ-309S COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BLDG. TELEPHONE 328-7883 Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Trading was light in aE commodities with oilseed futures lower at he close of the Winnipeg Grain Exchange today. Ther'e was little activity in allseeds with some local and commission house activity on joth sides of the market. Domestic shippers did some iuying in oats and barley. Rye was mostly inactive. The volume of trade Wednes- day included bushels ol of flax and of rapeseed. Canadian wheat exports Wednesday consisted of bushels to Belgium, to India, to Japan, o Norway, to United Arab Republic, to Brit- ain and to Russia. Prices for Class Two wheat 'or export to countries outside IGA: 1 Nor 2 3 4 1 Durum 2 1.64V4; 3 IGA prices: 1 Nor 2 3 4 1 Durum 2 3 High Low Close Flax Oct 27814 Nov 267'A Dec 262 May Rapeseed Nov 257Vs Jan 253 Mar 250% May 248% Oats Oct Dec 82% May Barley Oct 11654 Dec 11714 May 121V4 Rye Oct 106 Dec 107 May 113% 265% 261 26814 255 25114 24914 247 81% 82% 116% 12014 104 105% 112 261 269% 255 25114 24914 247 82% 82% 83 Va 116Vi 11714 121V4 10514 107 113% Potato Futures WINNIPEG (OP) Trade was inactive Wednesday on the Maritime potato futures mar tet. There were offers in al futures in previous close levels Open High Low Close Tues Nov. 2.22B 2.22B March 2.55A 2.55A April 2.75B 2.75B May 3.20A 3.20A Electric Company Cuts Out Changes Thuridov, Auguilt 27, 1970 THE IETHBRIDGE HERALD 13 ShelPac Appointment TORONTO (CP) Canadian Jcneral Electric Co. Ltd. plans ;o abolish yearly model changes on major appliances such as re- frigerators, stoves and washing machines. General Manager William Rooney told the Business Club of Metropolitan Toronto today that such yearly changes were "minor in the most part with oniy small benefits accru- ing to the consumer." From now on, he said, changes will be made only when warranted by genuine improve- ment In quality or by signifi- cant new features. Mr. Hooney said increasing consumer sophistication, 'infla- tionary pressures and foreign competition were the prime fac- tors behind fee decision. He added: "Unfortunately, our secondary industry has for the most part been competition rather than consumer oriented, and as a result has, at times, tended to ignore the fundamen- tal objective of of serving the needs of consum- ers.' LIVESTOCK Lefhbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 110 cattle. Receipts mostly slaughter cattle. Trade active. Good and choice butcher steers sell readily at firm prices. Good and choice butcher heifers meeting fair demand. Prices generally steady. No cows sold early. Medium and good heavy feeder steers meeting good de- mand at steady rates. Choice steers 28.25 to 28.50; good 27.50 to 28; medium 26 to 27.50. Choice heifers 25 to 125.50; good 24 to 24.75. Good heavy feeder steers (over 800 Ibs.) 29 to 30; me- dium 26 to 28. Good feeder hjifers 25 to 28.50. Butcher hogs sold Wednes- day f.o.b. Lethbridge 26.35 base price. Calgary livestock CALGARY (CP) On offer to 11 a.m., about 200 head; mostly slaughter steers and heifers. Trade was active. Slaughter steers, heifers and cows were steady with insuffi- cient bulls to establish a mar- ket. Choice slaughter steers 28 to 28.90, good 27 to 28, medium 26 to 27. Choice heifers 25 to 26, good 24.25 to 25, medium 23.50 to 24.40. Good cows 20 to 21.15, medium 19 to 20, canners and cutters 17 to 20. Replace ment cattle were scarce with a few heavy steers 28 to 29. Insufficient stock or slaughter calves offered to es- tablish a market. Hogs base price 26.65. Veterinarians To Get Rabies Vaccinations EDMONTON (CP) About veterinarians and healtt workers in Alberta soon wil receive vaccinations agains rabies, Deputy Health Minister Dr. P. B. Rose said Wednes day. He said no rabies cases have been reported in Alberta bu there are some in Saskatche- wan. The limited vaccination program is for persons who could be exposed. The only recent case o rabie reported in Alberta was last November when a dog owned by a family which va cationed in Saskatchewan, was bitten by a rabid animal. The dog died and rabies was later diagnosed. Limited quantities of an anti rabies vaccine have recent! become available. R. A. King Board of Director! of Shel- 3ac Research and Development Ltd. announco the appointment of R. A. King as General Man- oger of the Company effectivs September 1, 1970. He replace! L. f. Bolger, who will return to Shell Canada to assume the po- sition of General Manager, Sup- plies. ShelPac was established in July, 1969, to seek out and evaluate opportunities for com- mercial development of solids pipeline projects and to super- vise engineering and construct- ion of such projects. This com- is jointly owned by Cana- dian Pacific and Shell Canada Limited. Mr. King, a 1954 grad- uate of the University of Mani- toba with a BSc. in Mechanical Engineering moves from the po- sition of Chief, Mechanical En- gineering in the Production De- partment of Shell Canada at Calgary. Prior to this assign- ment he served in several tech- nical and administrative assign- ments of increasing responsibil- ity in Shell's Exploration and Production uepartment. Mr. King will reside in Toronto and be located in the firm's head of- fices in the Simpson's Tower building. Beef Futures WINNIPEG (CP) The Win- nipeg beef futures market was inactive Wednesday with bids and offers at previous close levels but few transactions. Open High Low Close Tues. Sept. 29.23 29.25 29.25B Nov. 29.00 29.00 29.00A Jan. 28.80B 28.50B ALL CLASSES INSURANCE _ AUTO HOME BUSINESS FARM DUNLOP FORD'S CLEAR-THE-DECKS We're clearing the Decks AM Used vehicles discounted to Rock Bottom and we are passing the Savings on to You to Make our Year-End the biggest Money-Saving event In Townl Just Look at the Values Being Offered: 1969 Fairlane 1966 Cortina 4 Doer. V-8, auto. P.S. Radio. Low mileage------ 1968 Galaxie 500 2 Door Hardtop. V-8, aulo., P.S., power brakes, radio. low mileage 1967 Ford LTD 4 Door Hordlop. Fully equipped 1967 Barracuda 2 Door Hardtop. V-8, auto, radio 1967 Meteor Rideau 4 Door. V-8, auto. 1966 Chrysler 4 Door Sedan. Fully equipped C1 C9C I "fc J 4 Door. Good second car 1966 Pontiac Parisienne 4 Door Hardtop. V-8, P.B., radio. Whits walls 1965 Meteor Rideau 500 Sedan. One owner f 1965 VW 2 D6or 1965 Pontiac Parisienne 4 Door Hardtop. C19Qfl Fully equipped 1965 Ford Gal. 500 XL Convert. V-8, auto., P.S. C1XOC and P.B. Radio....... I ttW 1965 Meteor Rideau 6 Pass. Stalion Wagon. Fully recondi- lioned. V-8, auto., P.S. and P.B 1963 Plymouth 4 Door Sedan. V-S, std. C99Q Mechanic! Special 1963 Olds Super 88 i. Door Sedan. V-8, auto. ff f. Q Radio, P.S., I tw 1969 Ford Ton LWB Color Beige. 8 cyl. 3 speed 1966 CMC Ton 6 cyl. 4 speed 1963 IHC Yi Ton LWB 8 cyl. 3 speed "This Is FORD COUNTRY What Do You Test Drive The of Your 1 Choice Todqyl '_ FORD 1718 3rd Ave. Ulhbridgt Phone 328-5526 ;