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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 7, 1970, Lethbridge, Alberta Grain prices Winnipeg Grain WINNIPEG (CP) All rape seed futures were on easic price patterns at mid-sessio on the Winnipeg Grain EJ change today. Exporter buyin was light, and fairly hcay hedge offers were taken most! by locals on the scale down. Flax trade was also quiet bu prices were steady to frac tionally higher on some buyin by an international house Hedge offers were light. Oats and barley were stead on moderately good domesti shipper buying. Rye showed little strength in December anc July futures on moderate inter month spreading and some ex porter interest. Friday's volume of trade wa, 1 bushels of iiax, of rapeseed, fo rye. Mid-session prices Flax: Dec. higher 2.52'AB July higher Julj higher Rapeseed Vancouver: Jan 4% lower March 4ya lower 2.8614B, May 4 lowei 2.70y4B. Rapeseed Thunder Bay: Dec 1% lower April 1 lower 2.77, June Vi lower 2.7414A: Oats: Dec. unch 87, May Vt higher 87MA, July not open. Barley: Dec. unch 1.28, May unch July not open. Rye: Dec. 1 higher 1.08V4 May lower July Va higher quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, Hoadhouse and McCuaig) LAST BID OK SALE r a.m. Quotes! a.m. Quotes! a.m. Quotes) WESTERN OILS Inter Sleol 7.50 Gr Equity 5.82 6 Asomsri U.SO Kaislr Res 7 'so Invest Muluol 5.01 5 I .Banff 13.00 Kam Kotla 1.05 IOS Vent 3.38 3. V B. P. Oil 5.40 Lake Ont Pt Ce 2.25 Mutual Ac Fund i.Jt 5. Can Soulhern 5.05 SffiS! S Cdn Exp Ga! 4.35 Si Mat Res 7.00 7. Cdn Indus Gas 11.25 iVmiA N W Fin 3.77 i. Cdn Grldoll 9.00 N w Gr .1.58 5. 5 Cdn Home 7.35 s CM i N W Enully 5.08 5. Cdn Super 37.50 ,J Principal Gr 3.643. Cent Del Rio 11.00 Prov Mulual 6.29 6. Charter "K 0 Roytund 5.12 5. j Chleftan 7.60 United Ac 4.39 4. Dynatn Pelt 1.22 while CALGARY S "'m Gt Plains 31.25 VANCOUVER 1 AnTcV J 1 Num.? 790 Oarons -07 Alias Explor .57 80 Cont Beth UCO pfSde 'J92 3.50 Madison .27 Drenda 7.30 Place Ga! 1.25 Rexdale ]u B c 5ugar lijCO SyrR..n S PIPELINE STOCKS B.C. Sugar P.d 15.50 1 Spooner 21.12 Alta Gas Tr L A Churchill Conner 1 1( West Decal 4.35 Alta Gas (Nat) 22.50 r-rona Credit 105 MISCELLANEOUS Inland Nal Gas 10.25 ,sibrook f Ind 5.00 INDUSTRIALS W and C 14.00 u-0yden 22 Atco Indus 9.75 andd C B Pld oO.OO Dolly Vardon .39 Aouatalne 25.50 Jfetro 1.65 Dynosly 5.60 Brit Nlld Corp 4.85 Gaz Metro Pld A 62.00 13.12 Cdn Brew A p. 30.50 Jr Fort Reliance -39 Cdn Brew B P. 37.00 Ir ,S Giant Mascot 3.85 Cdn Hyd Carb 15.37VS E 91" n w Granisle WM Cdn Pac Inv- f. 24.87V, Key Indust .i; SUproBD 13.75 J rt rrtn nil rofit during the fiscal year and :he highest growth rate. Combined revenues of the seven banks increased by 22 per cent but expenses rose by 24 per cent. The poorest operating profit lerformance was by the Bank of Nova Scotia with a gain of slightly more than three per cent. Gain by Toronto Dominion was 3.6 per ing up about 77 per cent of the money paid out in all passenger car categories, except for cars owned by farmers. The 1970 Green Book shows the average third party liability claim for cars insured during the previous year was v.p 7.5 per cent from the 1969 Green Book figure of Tire 1969 figure was 4.3 per cent greater than the liXiS Green Book average. In 1985, the average third parly liability claim was The 1S70 Green Book figute for collision, ?100 deductible, was S487 for the average claint, up 6.3 per cent from the previous year's average of The 1969 figure was 5.5 per cent greater than the 1967 average. The 1965 average was The frequency of accidents is about the same. The number of third party liability claims per 100 cars insured was 9.2 for 1970, compared with 9.3 last year. The number of collision, deductible, claims per 100 cars insured was 7.8 for 1970 and 7.7 the previous year. Canadian auto insurance companies paid out a total of million for claims in 1969 while collecting million in premiums. Payments amounted to 73.92 per cent of collections. The previous year, 67.52 per cent of collections were paid out for claims; 61.41 per cent was paid out in 1967; 66.99 per cent in 1966; and 69.97 per cent in insi rates go By BUI) JOKGENSEN Canadian Press Staff Writer The latest figures on settling car insurance claims point to the prospect of premium increases early in the new year at least as great as Ihe 11. 3-percent increase for 1970. The frequency of accidents is relatively stable but the cost of repairs is going up at a rate that the industry considers alarming. The industry association has announced a campaign of public information and it is collecting facts on costs of repairing specific makes and models. Repair costs vary widely from model to model and industry spokesman say the repair charges no longer have any relation to new-car costs. The insurance companies paid out more for claims and administrative costs than they took in last year and just about broke even in 1968. The insurance companies paid out more for claims than they took in last year and just about broke even in 1968. The insurance companies are working on 1971 premium schedules now and announcements of increases are expected some time after the end of January. KATES VARY WIDELY The 11.8-per-cent increase for 1970 is a cross-Canada average for 42 rate areas. The premium 'or third party which includes injury and property went up an average of 8.9 per cent for 1970. Premiums for collision coverage jumped 17.1 per cent. Rates vary widely between regions. The Insurance Bureau of Canada annually compiles the figures that companies use to set premium costs and this "Green Book" was released this week. The average cost of claims involving passenger cars for third party liability and collision, S100 deductible, provide a measure of what is happening to insurance costs. Claims under these two categories account Industria pace ma] TORONTO (CP) Prices were fractionally lower in lighl mid-morning trading today at the Toronto stock market. On index, industrials dropped 22 to 172.19, golds 2.35 to 107.78 and base metals .14 to 90.08. Western oils rose 1.91 to 193.09. The easing in industrial issues interrupted 10 consecutive gaining sessions. Volume by 11 a.m. was shares, compared with at the same time 'Friday. .Gains outnumbered losses 135 to 89 with 152 issues unchanged. Scott Paper was down to Noranda Vz to International Utilities to and Inco VB to Aquifcaine climbed to Aimco Industries to and Home A Vt to Trading was halted in Peace River Mining pending release of information from the issues rket drop The slock closed Friday at 8 cents. BRISK TRADE MONTREAL (CP) Th Montreal stock market wa mixed in brisk morning tradm today. On index, industrials gainec .23 to 173.79 and papers .27 tc 88.27 while utilities were off .7 to 149.39, banks .57 to 177.32 anc the composite index .04 to 170.08. Co m b i n e d volume on th9S 10 ft, long. Special Hi more abroad OTTAWA Canada ran minion Bureau of Statistics re-a ?184 million deficit in interna- ports that Canadians spent travel payments in the 224 million abroad in the Jan-irst nine months of 1970, 516 uary-September period this million greater than in the year, while foreign visitors same period last year. The Do- spent million in PROFITS IN CANADA With more and more Canadians becoming concerned about the huge expansion of foreign investment in Canada it is re-assuring to know that the co-op way of doing business is one answer to "KEEPING IT CANADIAN.' This is one of the many good reasons why more and more Canadians are becoming members of co-operative associations. We, the members of PURITY DAIRY CO-OP ITD. cordially invite you to consider the many advantages of belonging to. and being a part owner of this province-wide Dairy Co-op. To do this, simply ask one of our members, or phone our nearest office, or fill in and mail this prices EDMONTON (CP) Prices o 11 a.m. supplied by the Hog Producers Market-ng Board: Edmonton: Quoted 22.50 to 2.00, selling 22.60, Friday av-rage 23.10. Red Deer: Quoted 22.55 to 3.20, selling 22.55, Friday av-rage 23.96. Calgary: Quoted 22.50 to 3.05, selling 22.55, Friday av-rage 23.43. Lethbridge: Quoted 22.70, elling 22.70, Friday average 1.25. Lloydminstcr: No sales to-ay or Friday. Grande Prairie: No sales INCH STANL DRILLS Reg. 19.95 Sale Price AMOUNT MONTHLY PAYMENT PLANS 2 nsa.jliis month months mntfif 5 56.12 59.46 1 sso 23.73 32.86 Does Not Obligate In Any Way. NAME 1010 41.45 58.11 2500 77.16 WOO io'7.53 123.46 151. SOU 134.41 154.32 or Friday. Total hogs sold to 11 a.m. 359. Total hogs sold Friday 380. Provincial average 23.37. ows at al! points PRINT CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" Atave mmcrt; include cti.ic ctt fnltjcil sr.d are Used 1 n.i iFpayrccnt bu! do no! fr.ctotfe the icit cllife n HOUSEHOLD FINANCE DAIRY CO-OP LIMITED 516 5th Avenue S., tETHBRIDGE Phone 327-1525 i "Join Today For A Better BURNS FROBISHER BAY, N.W.T. CP) A restaurant in this oastal community at the south nd of Baffin Island in the astern Arctic was LETHMNMME S06-4lh Avsnue South-Telephon. 327-151 1 (two doors wail of Kretges) fire Friday. There were no ;