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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 9, 1970, Lethbridge, Alberta TH8 LfTHBRIDOl HIRAtD 1970 Moderate dip in light trade Praises ECC views Strom consults Smith cy TORONTO CP Prices turned moderately lower in light trading today at the Toronto stock On industrials were down to golds base metals to and western oik to Volume by 11 was down from at th same time Losses outnumbered gains 11 to 75 with 166 issues unchanged Among losing Walker Gooderham was down to Falconbridge to Nor anda to CPR to Rio Algom to Sherritt to Denison 4 to En dako to Lake Dufaul to Alberta Eastern Gas 15 cents to and Canadian Export Gas 10 cents to ConsolidatedBathurst climbec IVi to Supertest ordinal to Canada Packers t Metropolitan Stores to Pure Silver 15 cents to and Noble five cents to DOWN TREND MONTREAL CP The Montreal stock market moved lower today in light trading Banks were down more than a point while the only sec tor to rose WalkerGooderham sliped 1 to Velcro Industries 1 to CPR to Noranda Grain prices Winnipeg Grain WINNIPEG CP All com modities were on a lower price pattern in moderate trading at midsession of the Winnipeg Grain Exchange Commission house liquidation was fairly heavy in flax and rye with scaledown exporter buying not sufficient enough to absorb Oats and barley were almost Inactive with some domestic shippers for eastern Tuesdays volume of trade was bushels of of rapeseed and of Midsession prices Flax 3 lower May 2islower July 2V1 lower Rapeseed Vancouver Jan March 2 low er May 1 lower Rapeseed Thunder Bay 1 lower April June lower Oats unchanged July not Barley Vs lower May lower July no Rye 1 lower May 2 lower July 1 Vi lower Prices for Class Two Wheat for export to countries outside IGA 1 Nor 2 4 1 Durum 2 3 4 IGA prices 1 Nor 2 3 4 1 Durum 2 3 4 Grain quotes Tuesday basis High Low Flax Dec 253 252 May 260ls Jly 282 261s Rapeseed Vancouver Jan 313 299 Vi Mar 285Vi 2807s May 270 Rapeseed Thunder Bay 14 to 28 and Pacific Petro leum Vt to Down were Inco at Hudson Bay Oil at 3611 and Royal Bank at Consolidated Bathurst gained to DistillersSeagrams 14 to 5114 and Gulf Canada to On banks declined to industrials to utilities to and the composite index to Papers were up to Combined volume on the Montreal and Canadian Stock Exchanges to 11 was compared with at the same time Tues DECLINES NEW YORK AP The stock market roamed through minus territory in what analysts said was a reflection of investor profit taking on recent leavy At noon the Dow Jones aver age of 30 industrials was behind points at Declining issues on the New York Stock xchange led gainers by nearly The preceding ascent lifted the Dow Jones industrial aver age a total of 64 points during hat rally to the closing high or the year of on Mon which to recent ses ions was very was only moderate a development vhich analysts said was encour ging in view of the markets Among Canadians Distillers ained to and Hudson lay was up Yi at Inco off Vt at and Granby at On the American exchange avelin was off 14 at EDMONTON CP Rapid ly growing expenditures hi health care and education came under discussion at a meeting Tuesday between the Alberta cabinet and John chairman of the Eco nomic Council of A spokesman for Premier Harry Stroms office said the meeting was called to allow the Alberta cabinet to get the benefit of the councils re search and findings and to dis cuss how these apply to Alber Tlie areas of health and edu cation form the major portion Miscellaneous quotations Montreal Supplied by Roadhouse and McCuaig LAST BID OR SALE Quolei WESTERN OILS Almlnex Asamera Banff Can Southern Cdn Exp Gas Ashland Cdn Homo Cdn Indus G8B Cdn Long Is Cdn Superior Central Del Rli Charter Chlettan Dynam Pefa Great Plains Mill City New Continent North Cdn Oil Numac Permo Petrol Plnnacls Place Gas Scurry Rain Spooncr Western Decal Quotes Jeff Lako Joutel 144214 Kaiser RES Kam Kotla Lake Ont Pf Mentor 410 Newconex Pac Pete Rank Organ Shell Inv Shell Inv Pfd Shell Inv WIs QuolM Gr In Shares Invest Gr 91 Invest Mutual 105 Vent Mutual Ac Fund Sicks Rain West Cdn Sd White and Yule CALGARY Acroll Anac Pete Barons Oil Norlh Cont West Warner Madison Rexdale l PIPELINE STOCKS Alta Gas Tr L A Mutual Gr F Mutual In Nat Res N W Fin N W Gr N W Equity Principal Gr Prov Mutual Royfund United Ac Universal Sav VANCOUVER Anuk Arctic Mining Atlas Explor 52 Beth Copper 24 Somite Ridge Block Bros Brenda MISCELLANEOUS INDUSTRIALS Aquafane Brit Nfld Corp Cdn Brew B Cdn Hyd Carb Cdn Pac Inv CPR Ptd Cyonus A Cygnui 2C6 273 270 2G3 263 Dec Apr Jun Oats Dec May 89 S Jly Barley Dec May 129 129V4 Jly Rye Dec 108 May 115 Close 253 26U2 262 Vi 29W 280 267 263 108Vi 115k 87 88Ta 88 123 129U 129 116 Hog prices EDMONTON CP Prices i 11 today provided by ia Alberta Hog Producers arketing Board Edmonton Quoted sell g average Tuesday Red Deer No aver age Tuesday Calgary Quoted to selling average Tuesday Lethbridge No av erage Tuesday Lloydminster No average Tuesday Total hogs sold Sows selling Total hogs sold Tuesday average Cum Prop Gt Cdn Oil Sds Home Oil A Home 01 B Home and Pit Hud Bay Co Hud Bay oil Hud Bay oil Husky Oil Husky Oil War Inter Pro Pipe Int Utll Pfd Inter steel Juqar Alia Gas Tr L Pfd capt Inter Alta Gas Nat Churchill Cc Cdn W Nat Crestbrook Inland Nat Gas Crovden N and C Dolly Varden N and c B Pfd Dynasty Gaz Metro Giant Mascot Tr Cdn P Granlsle Tr Cdn P Pfd Key Indust Tr cdn P Pfd A Growers B 2450 Tr cdn P War Hys Westcoasf Tr Interior Brew 5 35 Western Pacific Jericho MUTUAL FUNDS Knmloops Copper AGF Special Lornex All Cdn Com Lytton Minerals All Cdn Diyld Madrona All Cdn Vent New Cronln Amr Gr F 480 New Imp Mines Growth rtanagan Helicop Cdn Invest F 4JS Fi Col Mutual Pyramid 7iA Cmnw lnter Silver Stand 4 Cmrnv Lev 287 35 Trolan iJ Corp Inve5t s 5M Western Mines Corp In St F Westcoast Res Dreyfus F Western Explor Gr Equity Utica per or I JO 08 of the provincial budget nm the council has made certain forecasts and recommendations in these areas in its seventh annual the spokesman Before the Premier Strom said both federal anc provincial governments shoulrl give more attention to the councils The economic council per forms a valuable role in terms of setting economic goals and evaluating the premier The councils general conclu sion that economic growth should be pursued and not inhibited as some of the recent federal government policies are designed to in ac cord with many of the policy positions Alberta has advanced for Premier Strom said in a prepared The premier also praised the councils views that disparities apply to individuals more than to There arc pockets of pover ty in the most wealthy prov ince as well as in the Man He recommended future poli cies be designed to upgrade in SAtES TAXES ON INCREASE More levying sales taxes now than 10 years and the rate of tax is CCH Canadian authority on tax and business noies ihaf in 1960 ibe tax was used in six By number had risen to eight and now only one province Alberta remains sales tax In the top rate of tax was five per cent in British Columbia and four province were at three per cent or By only two provinces were at three per cent and Quebec had jumped to no province levies a rate under five per thro have seven per cent and New Brunswick and Quebec collect eight per Arctic airport needed CP Government action mprove air facilities in th Arctic islands is needed im Gordon Bartsch president of G r e a Livestock report Toronto industrials Supplied by Richardson Securities or Canada LAST BID OR SALE Net earnings By THE CANADIAN PRESS Chieftain Development nine months ended 30 Metropolitan Stores of Canada nine months ended 31 a share 90 Canada and Dominion Sngar year ended 30 a share Dividends By THE CANADIAN PRESS Alberta Natural Gas 25 record Dominion Stores 18 March record Federal Grain 10 increase of five record Hudsons Bay Oil and Gas 25 record Simpsons Sears class A 2 March record Loblaw Groceterias st series 40 record Quotes MINES Acme Advocate Akaitcho Area Mines Belcher Iron Black Bay Bralorne Broulan Bethlehem Brunswick Canada Casslar Central Chime Ccnwest Rambler Coin Lake Cochenour Dtckenson Mines Denison Mines Deer Horn DEldona Dome Donalda Discovery Mines East Malartlc East Sullivan Falcon bridge Frobex First Marillmes Giant Gunnar Granduc Headway Hollinoer Bay M5 Hydra Highland Bell Bay Quotes Mew Imperial Noranda Northgats Opemiska Qsisko Patino Pine Point tllico Quotes Placi ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shors Leitch Langls Silver Macassa Madsen Malartic Martin McNeely Mayfarun Meta Midrim Intern Mogul New Athona New Calumet Quebec Man Rayrock Radlora Rio Algom Roman Sllverfields Sherritt Gordon Silver Miller Steep Rock Siscoe Tck Texmont Upper Canada Western Mines Wright Willroy Yellowknlfe Zenmac INDUSTRIALS Abltibl Alcan Afgoma Sfec Atco Ind Afan Sugar Bell Tel Brazil Trac Tel Burns Forest Sugar CAE Ind Cdn Brew Chemcell Col Celluloss Cal Power Coron Credit CWN Cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bath Cons Gas Dist Sea Dom Bridge 1 DomJar Dom Texllla Dom Stores Dome Pete Dofasco Fam Play Fd of Amer Gen Mtrs Gt Lakes Pap Gulf Oil Cda 71 Gt Cdn Oil 55 Greyhound Hawker Sid Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accep Kelly Douglai A Laurentlda Loeb Loblaw A Metro Stores Massey Ferg McMillan Bfoa Moore Corp Molsons A 22 62Va Molsons B North Cent 9 25 Pemblna Pp Power Corp Price Co Rothmans St Law Corp Shell CDA Simpsons Simp sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas 9 87A Versatile Mfg Westeel Union Car Westons B Woodwards A West Cdn Sd Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal TorDom UO 8714 Lethbridge Livestock Supplied by Canada Department of Agriculture On offer to 11 125 Receipts mostly slaughter Trade moderately ac Good and choice butcher steers meeting reasonably good denrand prices steady at the weeks lower Good ami choice butcher heifers un der pressure prices 50 cen Cows weak to 50 lower Bulls No replacemer cattle sold Choice steers to good to 29 medium to Choice heifers to good to Good cows 19 to 20 medium to canners and cu ters 14 to Good bulls Butcher hogs sold Tuesda Lethbridge to base Calgary Livestock CALGARY CP Receipts today to 11 750 head1 mainly Trade was slow with most o the demand from local Slaughter steers sold fairly steady light slaughter steer New York stocks Supplied by Securities of Canada Amr T and T Montgomery Ward 20 Golds up Anaconda Sears 10 ase Met 8923 off 17 Bin Steel Std Oil of 15 W Oils off Chrysler Texas Gulf Volume 1dlV2 Woolwoffh 3oJO NEW YORK AVERAGES General Motors Elec 30 Indust up Gulf Sieel 20 Rails Off Inl Harvester TORONTO AVERAGES 65 Stocks off Ii34 Copper 20 Indust off Volume Bail set at million NEW YORK AP A man accused by federal authorities of being the leader of one of the 13 major heroin smugglings in world has had bail of million set for 2601 10th Avenue A North and 2610 10th Avenue A North 2 bedroom apllt en fry featuring largo family kitchen with eating walltowoii high basement windows For economical completion of extra bed and recreation room roughed for double Priced fo sell at Approved Mortgags at Contact ART de 3284927 Dollar value MONTREAL CP dol lar in terms of Canadian funds up 116 to Pound ster ling up Va to NEW YORK CP Cana dian dollar down 3ftt nt 97 K3M in terms of Pound sterling up 164 at I believe this is the highest amount of bail ever set in the United Attorney Edward Nealier said Luis a natu ralized citizen of Argentine was assigned the high bail by Federal Judge Orrin Judd to district court in He is along with two in a 36count indictment of smuggling million worth of heroin into the United PLACES SECOND In sawmill production Quebec second in Canada only to British 1145 million put together for industry VANCOUVER CP Euro can Pulp and Paper Ltd Tuesday completed what is be lieved to be the largest bond closing in British Columbia in vestment accepting 8 million from four large insurance The carrying a coupon of 8 per cent and for a term of 25 are coupled with the equity capital of three Finnish companies to provide the 145 million cost of a pulp mill anc sawmill complex at Kitimal and a logging operation in the Kitimat and Ootea Lake The funds accepted by Euro can replace interim financing provided over the past 16 months of the construction per iod by six banks and one Canadian The longterm loan was ar ranged by Ifldder Peabody and and Richardson Se curities of Canada with the money provided by Prudential Insurance of the Equitable Life Assurance John Hancock Mutual Life In surance and Aetna Life In surance The three Finnish companies are EnsoGutzeit Kymin Osakeyhtio Kymmene Aktiebolag and Oy Tampell heavy and over finishe steers under pressure bein sharply Heifer Cows were barel steady with most of the bette kinds going as Bulls Choice steers 29 to good 28 to medium ti Choice heifers 28 to good 27 to medium to Medium to good cows to canners and cut ters 13 to Good bulls 21 to Replacement cattle a n c stock calves were in short sup ply selling Good feeder steers 750 pounds up 29 to good feeder heifers 27 to Good feeder cows 18 to good stock steer calves to Hogs base price to currently Portland Livestock AP Cattle and calves 250 slaugh ter steers choice good slaughter heifers good Ibs Slaughter bulls utility com mercial and good individual slaughter calves choice 300503 good Vealers few good and choice feeder steer calves good and choice 300500 steers choice 500700 Ibs good and choice 500850 Ibs heifers good and choice 500800 good 550900 Ibs FP post for Underhill WINNIPEG CP Stuart Underhill has been appointed assistant general manager of FP Publications FP Presi dent Malone announced 56yearold na ive of has been as sistant publisher of the Finan cial Times of Canada since Before that he was deputy general manager of Reuter news His early career ncluded a variety of postings vith The Canadian Malone said Under ill will assume his new duties n Winnipeg early in FP Publications is a group of ight Canadian daily news of which The Lellibridge erald is a LARGEST CENTRE The largest centre in the east rn Arctic is Frobisher Bay on e southern tip of Baffin Is home to 600 whites and 350 lUilNE PERSONNEL THE CANMORE LIMITED at ALBERTA THE SERVICES oTlWQ FIREBOSSES 3rd Class Certificates Interested persons pleaso writo Safety Tho Canmore or Phone Canmore ACCOUNTING CAREER UUMIWMCM oO56u puuiic company requires an ambitious and energetic or equivalent to develop and maintain comprehensive programs of internal audit and accounting procedures to integrate with a relatively new COMPENSATIONS Excellent opportunity to advance to a senior management position in an expanding Salary open depending upon experience and qualifca tions with a full range of fringe Apply in strict confidence fo BOB BURTON Phone to arrange interview Northern said Tues Existing air navigation facili ties are not sufficient to safely handle Bartsch tolc the Arctic transportation con Although no lives had been lost so increasing activity would surely bring accidents and We must have a major air port north of the Arctic circle to act as an alternative to he It should be highly equipped with naviga tional facilities and have at least two It could Potato futures WINNIPEG CP Trade was fairly active in all futures on the Maritime potato futures market Tuesday with prices at levels even with to one point over previous Commission louses were active on both sides of the market and some commercial interest was in evi Monday the market was In Open High Low Close Mar May be put on Melville If To help justify the airport Canadian Forces could use it to protect Canadian sovereignty in the north and as a major training ground in Arctic con president of Atlas Aviation in Resoluts said there are 14 wreck ed aircraft around the Hesoluto air Most had accidents while attempting to approach Resolute and the value of any one would have covered the cost of an instrument landing system at A complete instrument land ing system with adequate light ing related facilities would cost about Beef futures WINNIPEG CP Trade entered January and March futures at 45 to 50 points over urrent levels as the Winnipeg beef futures market was mod erately active Monday 16 contracts weri Open High Low Jan IVfar flay 2MOA NOTICE TO All LETHBRIDGE HERAID DISPLAY ADVERTISERS TO ENSURE THE UTMOST PROVIDI SUFFICIENT LAYOUT AND DESIGN PRODUCTION AND TO GUARANTEE PUBLICATION ON THE DAY OF YOUR CHOICE YOUR ADVERTISING COPY MUST BE RECEIVED NOT LATER THAN 12 NOON THREE PUBLISHING DAYS PRIOR TO PUBLICATION IF A PROOF IS REQUIRED AND NOT LATER THAN 12 NOON TWO PUBLISHING DAYS PRIOR TO PUBLICATION IF NO PROOF IS REQUIRED Those requiring proofs are reminded the minimum od size for delivered propfs is 42 column inches W Proofs of ads smaller than 42 column inches will available for viewing at The Herald until the dav nrior to For Professional Advertising or Further Just Call The Uthbridge Herald 3284411 Display Advertising ;