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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 22, 1970, Lethbridge, Alberta cut i target daily dales from April 1, 196 when service strength wa Present strength is abou Former defence minister Leo Cadieux ordered the big redu11 tion last year to allow his de partment to live within il means. The-decision followed government directive freezin the department's budget fo four years at the existing leve of billion. Following the kidnap crisis in Quebec in October, Mr. Mac donald announced that he anc his officials were taking a new look at manpower. The emer gency involved large number of troops in guard duty at Mom real, Quebec City and Ottawa. Doubts were expressed tha the planned new force structur would be adequate to meet Can ada's commitments abroad ant at the same time back up polic in cases of civil disorder. The review is continuing. Indi cations are that the origina plan will remain substantially unchanged, with possibly som increase in the strength of th fighting arms the infrantry armor and artillery. Meanwhile, personnel officer continue to operate on the origi nal plan. Some 800 men are lost to the forces monthly through norma attrition mostly retirement and resignations while only 500 new recruits are taken in monthly. The recruitment rate can be stepped up if necssary. HALVED NUMBER Factors in the hefty cuts al ready achieved were this year' halving of the Cana dian force in Europe and the scrapping of the aircraft carrier Bonaventure. As a result of these measures and a general easing of demand for certain personnel, 11 trades all but one on the air side, were declared surplus. Those affected were given the option of leaving the service be-'ore their scheduled retirement downward pension adjustments and no special financial or being Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 180 cattle. Receipts practically all slaughter steers. Cattle market strong and active. Good and Choice butcher steers meeting keen demand. Prices 25 to 50 higher with odd sales to 30.70. Medium grades 50 to 75 higher. butcher heifers sold early. The 'few cows on offer sold at steady rates. Choice steers 29.75 to 30.10; good 29 to 29.50; medium 28 to 29.20. Good cows 19.50 to 20.50; medium 18 to 19; canners and 28.25 to 28.90, good 27 to 28 medium 25.75 to 2C.75. Goo cows 20.50 to 21.40, medium i null l right 01 OTTAWA (CP) A man reduction in the strength the armed forces is proceedi on schedule despite a decisi by Defence Minister Dona Macdonald to re-examine ma power levels. Col. David Carr, director personnel requirements at c fence headquarters, says t 3 program is "right on targe and he expects the level will be reached April 1973, as planned. The retrenchment period iii mink ra CARMAN, Man. (CP) Ma itoba mink ranchers, the ranks already depleted by abou 65 per cent since 1907, ai plagued with dropping pe prices in their fight for surviva Prices for their fur products are only about 85 to SO per cen of what they were last yea and have dropped continual! during the last four years. With the drop in prices, th number of mink ranches ha also been reduced from abou 180 three years ago to just 80 this year. Remaining ranchers are wo ried. They say if the curren trend continues, the entire min industry in Manitoba is threa ened. Six ranchers went banl rupt last year and most other have been forced to reduce th size of their operations. Jack Hetherington, who oper ated a ranch nea this southern Manitoba com munity two years ago, reduce( the number to and the abandoned the business this fal ONLY FOUR LEFT Hal Sylvester, the first min rancher to start business in th area in the 1940s, has bee forced to reduce his operatic from 800 to 200 mink. Only four of 22 ranchers oper ating in the area in 1960 remain One reason behind the declin ing prices may be tile import o pelts at lower prices from Scan dinavia and the U.S.S.R. Tha particular problem has als ieen felt, with similar conse quences, on the American min market. Manitoba .'mink ranchers ar loping to meet with provincia department of mines and natu resources officials in an at tempt to find solutions to their problem OTHERS HIT The ranchers say that unless the provincial government can assist, the industry will die anc possibly take with it some de-wndent industries. Victor Fox Foods Ltd. of Win-u'peg is one such industry. I las been supplying food an( equipment to mink ranchers across the Prairies since its bunding in 1935. Jack Langtry, a hit metiers for the company, said Victor 1 looking to diversity to survive ii its role of supplying feed. Other Winnipeg feed supp! companies have abandoned th fur-farming supply business ti pAjducc pet foods. Mr. Langtry also noted that a a recent mink pelt auction ii Winnipeg some colors of pelt could not be sold and others dse slowed for two to four years until the demand-and-supply situation sorts itself out. About decided to get out, said Col. Carr, though some undoubtedly would have been part of t h e normal attrition anyway. About 600 applied for other 9.SO silvertields Cons. Rambler -B5 sherritt Gord Coin Lake .14 Rock Cochenour .45 -j-ek Corp. Craigmonr 8.80 Texmont Jickenson Mines 1.27 Upper Canad Denlson Mines 22.75 western Mine Deer Horn Bright Har. VEldona 1-01 Willroy )ome Mines 61.50 windfall Donalda 18.50 Yellowknlfe B Jiscovery Mines 1.05 Zenmac East Malartic 1.50 iwnueT East Sullivan 4.6B uconbrldge 137.50 Abltlb. rst Maritlmes 105 Algoma Steel -i i v v o'll Atco Ind I'M Atian Su9ar Sranduc 735 Be" Tel (oadway R.L. 8.00 (olllnger 34.00 MO B'rnadw 9 90 Chemcell ollet Quebec .26 trr Addison 9.00 tey AjiKon .31 Credit .abrador 33.00 '.n Chrysler Maliriic G.F. .70 CPR KrunMCNeelV wacjntyr. Sim ntern Mogul 16.8714 Domtar ew Athona .13 Dom Textile Miscellaneous Vancouver, Calc (Supplied by Doherty, R LAST BID C a.m. a.m. WESTERN OILS Inter Pro Pip minex 5.90 tnt Util Pfd samera 13.75 Infer Sfeel anff 12-75 Jeff Lake P. Oil 5.60 Joutel an Southern 4.70 Kaiser Res dn Exp Gas 3.80 Kam Kofia shlanrj 9.10 Lake Ont Pt dn Home 6.S5 Mentor dn Indus Gas 11.62'A Newconex dn Super 3650 Pac Pete ent Del Rio TUTO Rank Organ harter fi.OO Shell Inv hieftan 7.30 Shell Inv Pfd ynam Pete 1.15 Shell Inv Wls t Plains 32.50 Sicks Rain Mill City 1.70 West Cdn Sd ew Cont White and Yu arth Cdn Oil 5.5-3 CALGA umac 8.05 Acroll ermo .70 Anac Pete etrol 1.30 Barons Oil lace Gas 1.14 North Cont onder .60 Plains Int Pipe 27.75 on 14.25 Gp ft 7.SO Int utilities 34.75 A-15 Indust Accept 16.75 Laurentide 6.00 1.85 Doug A 4.115 s 3.55 Loeb' 3.70 Loblaw A 4.85 1-3S Metro Stores 30.00 Massey Ferg 9.75 r- McMillan 26.25 Moore Corp 34.25 tIALS Molsons A _ 8.00 Molsons B 15.25 North, Cent; 15.12'A 13.37V: Pembins Pp 23.75 9.00 Power Corp 5.62'A 7.37'A Price Co 8.37'A Rothmans 12.00 St. Law Corp 19.00 44.00 Shell CDA 32.2S 25 00 Simpson's 17.25 Simp Sears 21.37'A 4.40 Steel ot Can 25.75 7.25 Selkirk A Texaco 6.00 Traders Gp A 10.50 26.50 Trans Mtn Pp 19.37V4 1.40 Trans Can Pp 35.50 11.00 Union Gas 16.00 n 25 Union Oil 42.00 2750 Versatile Mfg 3.00 2 85 Westeel 9.00 9.75 Union Car 13.50 28 25 Weston's B 19.00 4725 Woodward's A 17.50 2325 West Cdn Sd 3.30 10.00 Zenith Elec 1.20 19.00 BANKS 19.00 Can Imoerial 19.75 50.25 Montreal 14.25 19.25 Nova Scotia 21.75 14.50 Royal 22.50 12.25 Tor-Dom 19.50 quotations ary, Montreal wdh ause and McCuaig) )R SALE Quotes) a.m. Quotes! 13.87% Gr Equity 5.79 39.00 Gr In Shares; 3.03 3.33 S.OO Invest Gr 10.74 11.09 8.75 invest Mutual 5.07 5.55 1 00 IOS Vent 3.43 3.75 Mutual Ac 9.31 93 Muhial Gr F 4.21 4.63 -e 210 Mutual Income 4.64 5.10 66 Res 6.V6 7.61 N W Fin 3.56 4.2J N W Gr 4.54 4.99 N W Equity 5.16 S.67 'Principal Gr 3.58 3.93 Prov Mutual 6.30 6.89 Royfund 5.12 5.88 Nnited Ac 4.39 r" Universal Sav 6.H 7.30 1650 VANCOUVER RY Arctic Mining ".13 '-'0 Atlas Explor .64 -0? Beth Copper 14.12% Bornile Ridge .IOVb .02 Block Bros 3.60 .35 Brenda 7.75 .42 B.C. Sugar 16.00 .55 Capt Inter 4.10 .10% Churchill Copper '.93 STOCKS Coronation Credit 1.05 A 48.25 Crcstbrook F In 5.00 Pfd 76.50 Croyden .21 s 10.25 Dolly Varden .39 15.00 Dynasty 5.60 Pfd 30.75 Giant Mascot 3.75 4.80 Granlsle 10.37% 35.37Va Key Indust .31 A 65.50 Growers B S.90 r 11.75 Hys 2.25 20.00 Interior Brew 5.12% .1.85 Jericho .08 UNDS Kamloops Copper .10 2.37 Lornex f.55 6.90 7.54 Madrona .33 7.91 6.6J New Cronin .08 3.23 New Imp Mines 1.8! 5.29 Okanagan Helteop 3.00 5.27 5.79 Primer .14% 4.37 4.81) Pyramid -28 5.53 6.08 Silver Stand 1.25 11.49 12.59 rojan .37 2.85 3.11 Western Mines 3.55 5.07 Westcoast Res .14 4.38 4.79 Western Explor .5j 11.04 12.10 Utica .60 c stocks Securities of Canada rd 29.50 20 Golds 166.52 Off 1.00 10 Base Met 88, St off J. 15 W Oils 193.81 up 1.67 116.12V? Volume 34.75 NEW YORK AVERAGES 36.87% 30 Indus! 832.15" up ,'61 ec 20 Rail? 159.67 up .09 15 Utilities 119.47 up .76 ERAGES 65 Stocks 263.88 up off .24 Volumo APPOINTMENT K. W- Juvonen has been appointed chairman of the Canadian Freight Association (western lines) with headquarters at Winnipeg. He succeeds the late G. H. Mitchell. A native ofd., series D 1.34 cents, Feb. record Feb. Hog prices EDMONTON (CP) Hog prices to 11 a.m. today provided by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted 21.05 to 21.05, selling 21.05, average Monday 21.19. Calgary: Quoted 20.75 to 21.05, selling 20.75, average Monday 21.01. Red Deer: Quoted 21.05 to 21.10, selling 21.05, average Monday 21.15. Lethbridge: Quoted 20.75 to 20.85, selling 20.75, average Monday 21.04. Hogs sold to 11 a.m. 909. Total Monday Average 21.12. Drug shares of National Drug and Chemical Co. of Canada have approved a capital irxrrease to one million shares from Shareholders of record Dec. 23 will be given rights to subscribe for additional common shares at each on the basis of three shares for every five held. The offer expires Jan. 22. M. Loeb Ltd., which owns 32.3 per cent of National Drug and Chemical, will pick up any unsubscribed (J i Mnyyotii ft? This greefinj j tree oe trimmed comes your woy with oil the J? Vj fun and appreciation festivity of Christmas ondgood fORSTER INSUBANCS MANA6EBS BUOKtSS AGSNIS 706 3RD AVE. S. PHONE reduces ending rate NEW YORK (AP) Chase tlanhattan Bank reduced today ts prime lending rate to 6% per ent from seven per cent, say-ng that there has been a de-ine in market rates and a generally moderate" demand or loans in the last four weeks. Chase had initiated a drop hi 10 prime the interest it harges its biggest and most -edilworthy four eeks ago. Two big New York City ranks, First National City and icmical New York, went along ith the rate reduction, which as the fifth this year. Also trimming the rate was oatrnen's National Bank of S. uis. Cleveland Trust Co. said may announce a cut futures WINNIPEG (CP) Trading in the Winnipeg live beef futures market Monday was improved, with contracts executed in January and March at 10 to 25 points over previous levels. Open High Low Close Jan 30.25 30.35 30.25 30.25B Mar 30.50 30.50 May 30.00 Rain 21.25 Madison pooner 1.76 Rexdale West Decalta A.35 PIPELINE MISCELLANEOUS INDUSTRIALS Nat Ga fco Indus 9.50 N and C quatatne N and C B rit Nfld Corp 4.80 Gaz Metro dn Hyd Carb 76.50 Tr Cdn Pipe dn Pac Inv 25.37Vs 1r Cdn P Ptd PR Pfd Tr Cdn P W ygnus A 5.37Vi Wesfcoast Tr yqnus B 6 00 Western Paclf urn Prop 13.50 MUTUAL F t Cdn Oil Sds 3.75 AGh special ome Oil A "n ome Oil B 55 H" cdn Divld orne ami Pit All Cdn Vent Hud Bay Oil F Hugh Rus Pfd 20.75 Cmnw Inter Husky Oit Cmnw Lev Husky Oil B 40.50 gfg f Husky Oil War 7.35 Dreyfus F U.S. New Yorl Supplied by Richardson, Amr T and T Montgomery W Anaconrfa 20.00 Soars Bth Steel 20.75 Std Oil of N Chrysler Texas Gulf Comsat SQ.lJVi Texas Co Jupont 127.50 Woolworth Seneral Motors 79.87V2 Westinghousc E Suit 30.50 U.S. Sicel nt Harvester 27.50 TORONTO AV Kenn Copper !0 Indus! Time Limit For Receiving Petitions For Private Biiis Take notice that ifie time for receiving petitions for Private Bills at the next Session of the Leg slative Asembly will expire on Monday, the First day of February, 1971. W. H. MaeDonald, Clork of (he Legislative from China HONG KONG (AP) Mrs. Edgar Snow, wife of the American journalist, crossed into long Kong from China Tuesday her husband did not accom-jany her, a government spokes-nan reported. Snow, an author-ty on China and the only Amer-can journalist with access to 'cking's top leaders, went, to China with his wife last August ind interviewed Premier ;