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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 23, 1970, Lethbridge, Alberta December 23, 1970 sion to ke in G sued Monday on increases the automobile industry in the fall. Those first Increases were found by the commission to within limits agreed to by busi ness leaders last February. But on the day the report THE tETHBRIDGE HERAtD X >robe M cars published, GM announced would raise tho price of 197 model cars an average of .5 pe cent, or W7, over the price listed three montlis ago. Truck prices will rise an avei age of .8 per cent, or The commission will look Int the latest increases even thoug, the pricing criteria agreed to a the February meeting eipiro a Hie end of 1970. A meeting o the commission and busines held early this month did no produce similar criteria for nei year. INVESTIGATE INCREASES The commission will conduc its investigation to flscertaii whether the latest increase tend to be inflationary. Under the 1970 criteria, indus try agreed to hold price in creases below cost increases with the aim of curbing infla lionary cost-price spirals. The new GM increases com after a 94-day strike at ifc plants. In its report on earlier In creases by GM, the eommissioi said the GM increases woulc average about 2.1 per cent ovei 1970 prices. Chrysler Canada Ltd. had announced increases about 2.3 pa cent above 1970 prices. No o v e r -a 1 1 average wa. posted by the commission foi Ford Motor Co. of Canada Ltd. Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 70 call! and calves. Receipts mostly rcplacemcn cattle. No butcher steers o heifers on offer. The few butch er cows sold steady. Good feet er steers and stock cows sok steady. Good cows 19.50 to 20; me dium 18 to 20. Good heavy feeder steen over 900 Ibs. 30.50 to 30.90. Good stock steer calves 35 tc 5 39. Good stock heifer calves y i to 33.50. s Butcher hogs sold Tuesdaj price. Good lambs 23. The Lethbridge public mar ket will be closed Dec. 25 to except' that the market will be open to receive butcher hogs only Monday, Dec. 28. Calgary Livestock CALGARY (CP) Light receipts to 11 a.m. of 250 head mainly slaughter cattle of mix ed quality. Trade was active. Slaughter steers sold steads with no strictly choice light weight steers on offer. Heifers were mostly medium and gooid to block final senate ap-roval of the million sup-ilemental foreign aid for Cambodia, several other Asian nations, Jordan and prices Winnipeg Grain WINNIPEG (CP) Trading was quiet at mid-season on the Winnipeg Grain Exchange today. While most of the action continued in rapeseed, there were declines from opening highs. All Thunder Bay and Vancouver futures, however, were maintaining levels at three to eight cents above previous close, due to heavy exporter Buying and some short covering at the opening. There was also some exporter buying in rapeseed. It was confirmed that overnight Portugal took a cargo of rye. All rye futures were fractional to 1% cents over the previous close. Flax was light in local and commission house trade, with all futures fractionally lower. }ats and barley were steady in ight domestic trade. Volume of trade Thursday was bushels of flax of rapeseed and of rye. Mid-session prices Flax: Dec. 2 lower 2.64A, May lower July unch 2.27, Oct. not open. Rapeseed Vancouver: Jan. higher March 7% lighcr May SVi higher .8BV4B, July 4% 'higher 2.73B. Rapeseed Thunder Bay: Dec. higher April 5% higher June 3 higher .75B. Oats: Dec., May, July and Oct. not open. Barley: Dec. unch 1.28A, Tay unch 1.29'M, July, Oct. ot open. Rye: Dec. 1% higher 1.06A, lay 1% higher' July higher Oct. not open. Prices Tuesday for class two wheat for export to countries outside IGA: 1 Nor. 2 3 4 1 Durum 2 3 4 IGA prices: 1 Nor 1.82 Vt; 2 3 4 1 Durum. 2 3 1.68 Vt; 4 Grain quotes Tuesday (basis High Low Close Flax 3ec 248 24H4 248 May 256 251% 256 Jly 257 253 257 Oct 257% Rapeseed Vancouver Jan 289% 282'A 289% Mar 283% 275 VS 283% Jay 277 270% 277 Jly 268% Rapeseed Thunder Bay Dec 267 Apr 277% 273% 277% Jun 272 Oats Dee 87 Hay 87% 86% 87% Jly grant plan announced EDMONTON (CP) A com mittee of deputy ministers hae been set up to recommend how best to use a million federal incentive grant given to Al berta to combat unemploy ment, Municipal Affairs Minister Fred Colborne said today. The grant was announced it Finance Minister Edgar Ben son's special budget last week and Mr. Colborne said the com mittee has been asked to reporl "as soon as possible." The city of Edmonton ha." submitted a request for abou lalf the million but did no say how it intended to use the money. The grants are conditional on the money being used to help alleviate unemployment am hat the program be one not normally carried out. Montreal stock market edgei slightly higher in light tradin; today. Small gains were postec in all sectors except banks. Highlighting advancing issues Falconbridge climbed to Algoma Steel to S'outham Press to am Shell Canada lo In other gains, Royal Trus' rose to Calgary Power to Aquitaine to and Petrofina Canada to CPR dropped to Walker-Gooderham to and Inco to Among speculative issues on the Canadian Stock Exchange, Camic Mines dropped 15 cents to 25 cents and Dumont Nickel two cents to 80 cents. On index, industrials were up .38 to 175.28, utilities .04 to 150.76, papers .33 to 90.75 and the composite index .26 to 171.10 while banks slipped .14 to 174.11. Combined volume on the Montreal and Canadian Slock Exchanges to 11 a.m. was shares, compared with by the same time good cows 19 to 21, canners and cutters 14 to Replacement cattle 5.25 Tr Mtn Joliet Quebec .21 'A Col Cellulose 5.75 Union Gas 15.S7V2 Kerr Addison 9.10 Cal Power Union Oil 42.CO Key Anacon .25 Coron Credit 1.35 Versatile AMg 3.25 Labrador 33. CO CWN Gas 10.00 Weateel 9.25 Lake Shore 3.10 Cdn Indust 11. WA Union Car 113716 Leitch 1.55 Canada S S 27.50 Weston's B 19.25 Langis Silver -07 Cdn Marconi 2.85 Woodward's A 17.75 Macassa 1.10 Cdn Vickers 9.25 West Cdn Sd 3.50 Madsen R.L. .70 Chrysler 28.25 Zenith Elec 1.20 Malartlc G.F. .80 CPR 67.25 _ Martin McNeely 11.00 Cominco 23 !5 BANKS Maybrun .TJV? Cons Bath Can Imperial Maclniyra 144.00 Cons Gas 19.25 Montreal 14.00 Meta .13 Dom Bridge 19.25 Nova Scotia 21.50 Midrim .32 Dom Textile Royal 22.50 Intern Mogul 9.80 Dom Stores 9.00 Tor-Dom New Athona .13 Dome Pete MINES New Calumet Dofssco 22.75 New Imperial 1.77 Fam Play 9.75 Acme h Noranda 29.00 Fd of Amcr 53.00 2-OD Northqata .8.15 Gf Cdn Oil 3.70 i Opemiska 9.35 Gen Motors 80.62W .Mm" 1'3J1 Osisko .32 Gf Lakes Pap 18.50 Belcher Iron 41 Patino M.50 Gulf Oil Cda BaV -07 Pine Point 30.00 Greyhound 13.25 DBra'orne Placer Dev. 30.00 Hawker Sid 1.90 P.c. Exp. .ao Huron, Erie 19.75 Bethlehem 14.00 Quebec Man .W Hiram Walk 38.62V2 4.35 Rayrock US mperial Oil 20.00 Tun9- Radicre .29 Imperial Tob 15.50 Cassiar Rio Afgom Inf Nickel 4550 Central Pat. 2.40 Roman Corp. 6.15 Int Pipe 2775 ctlimo T-58 Silverfrelds 1.S5 nv GD A 775 9.GO Sherritt Gordon 16.00 Int Utilities 3475 Cons< Rambler .88 Silver Miller .07 Indust Accept 17.00 Solli Lake l14 steeP Rock 7-35 Laurentide 6.00 Cochenour siscoe 1.73 Kelly Doug A 485 Craigmont 9.00 Tek Corp. 6.10 Loeb Dickenson Mine 72.50 Texmont .50 Loblaw A 4'aS Mines 22.50 Upper Canada 1.95 Metro Stores Deer Horn -06 Western Mines 3.70 Massey Ferg 1.01 Wright Har. 1.07 McMillan Bloo 26.75 ,M nes 59.00 Willroy 1.33 Donalda -18 Windfall .13 AAoore Corp 34.37'A Discovery Mines 1.05 Yellowknlfe Br 485 Molsons A Easr Malartic 1.50 Zenmac .11 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE a.m. Quotes) a.m. Quolesl a.m. Quoles) WESTERN OILS Hud Bay Co ld.B7'A Amr Gr F 4 80 5.27 Alminex 5.90 Hud Bay Oil 36.62W Cdn In Fund -U9 4.82 Asamera 13.75 Hud Bay O! Id Col Mutual 553 608 Banff Hugh Rus Pfd 1J 00 Cmnw Inter 11.4712.57 B. P. oil 5.S5 Husky Oil 14 Corp Invest 5.08 5.56 Can South 2.DO Husky Oil B 40 In S F 4.40 4.81 Cdn Exp Gas 3.75 Husky Oil War 7.45 Gr Equity 5.80 6.37 Ashland Grid 8.75 Inter Pro Pine 1400 Invest Gr 10.1B 11.14 Cdn Home 3.75 Inl Utll Pfd 3475 Invest Mutual 5.09 5.57 Cdn Home Pfd .15 Inler Steel 'u3 5-31 Cdn Indus 11.50 Jeff Lake s 87V, Mutual C-r F 4.23 4.65 Cdn Long Is .57 K.iser Res 4.50 K w I. Cdn Super .37 Lake Ont PI 2.10 K S r? 5'K CBiit Del RS; 11.3715 Newconsx 3.40 S.JJLf rGr l'w ?'S5 Charier 4.00 Pac Pete Chieflan 7.40 Rank Organ 16.87'A A, ,-A Dome Pete 9.45 Shall Inv 33.00 Universal Sav 666 732 Dynam Pele 1.13 Shell Inv Pfd "Smp Gr 22 84 2496 Gt Plains 32.37VS Shell Inv WIs 14.00 vAurniiuco Mil City 1.70 Sicks Rain 2.75 VANCOUVER New Cent 86.00 West Cdn Sd 3.55 7nuJ; North Cdn Oil 5.25 White and Yuk 6 8714 Numac s.oo CALGARY "'m Permo .72 Acroll l.oa sornitp 11 Petrol 1.30 Anac Pete 09 iRli ill Pinnacle .89 Barons Oil Brenda 76? Place Gas 1.15 North Cont .62 B c Sunar urn Ranger 12.E5K, Plains Pete .34 "sot Infer So? Scurry Rain 51.75 West Warner M Churchill Cooper '86 Spooner 1.75 Madison .25 Columbia Cel West Decal 6.25 Rexdale Croyden 2300 MISCELLANEOUS Dolly Varden .39 INDUSTRIALS i a r 3S -7r, L A S'50 Atco Indus 9 SO A a Gas Tr L pfd Gianf Mascot 3.80 Anualaine 244214 Alla Nat s-50 Granisle 10.50 NM Cp "'.80 K Cdn Brew B 2950 N 8nd C B interior Bre" r i. Gaz 4.50 Jericho SiS 15 .S Gas Molrcl A Kamloops Copper .1016 PH Tr Cdn Pips 3S-25 ''55 InH 11 nn P Pfd 65'0f) NSW CrOhih cabinet urged OTTAWA (CP) In leaving the cabinet Tuesday, Solicitor-General George Mcllraith suggested that Canada's system of government could be strengthened by moving MPs in and out of the cabinet as particular circumstances arise. Prime Minister Trudeau Indicated that he liked the idea. In his letter of resignation to the prime minister, Mr. Mcllraith said he believes he is the first cabinet minister in this century to resign, without having any policy differences with the government, and to continue to sit as a private MP. He said it is regrettable that it has not been the practice, as it is in the United Kingdom, for ministers to leave the treasury benches and to continue as parliamentarians. "I believe our system of government could be strengthened by a more general use of the practice of moving members of the House into and out of government from time to time as particular circumstances of a personal nature, or indeed of a public nature, arise." In lu's letter to the retiring minister, the prime minister said he agrees that this should be more common in Canada. "If a senior minister such as you can, with no divergence of view oi' policy and no personal differences or strains, move from the ministry to the private benches, with continued public service in a new role, we may be able to establish a flexibility that can be greatly in the public interest." In his letter, Mr. Mcllraith stressed that the reasons for his resignation were purely personal. He referred to his two recent eye operations and "other personal matters affecting me" to the severe injuries suffered by his son in a car hits car sales DETROIT (AP) With dealer stocks still below normal as a result of this fall's 67-day United Auto Workers strike, General Motors reported Tuesday a 62-per-cent decline from last year in sales in the middle 10 days of December. Only GM cars were sold during tile eight-day selling period, while were sold in 1969, when the period included line selling days. The percentage rate of decline is based on the average daily sales rate. During the same mid-Decem-w selling period, Chrysler Corp. sold cars, down 14 per cent from last year's Through Dec. 20 of this year, GM reported having sold cars, down 25 per cent rom last year, when the corporation sold during the same period. Chrysler year-to-date sales stand at this year, down 7.6 per cent over the same period in Magazine GM found dead MONTREAL (CP) Israel Schwartzberg, 56, genera] manager Scinlan's Monthly magazine, was found dead in his downtown hotel rom Tuesday as a' result of a heart attack. Mr. Schwartzberg, chief of administration in the magazine's head office in New York, had been here since last Friday, trying to determine the status of the magazine. The heart attack was his third in two years. More than copies of the latest isue of the magazine, which was printed in nearby St. Johns, was seized by Montreal morality squad oficers Dec. 11. The issue titled: Supressed Issue, Guerilla War in the U.S.A., was printed in Canada after print firms in five stales refused to handle the issue. The isue of the magazine was cleared last week of possible sedition charges, and a petition was entered in municipal court Tuesday to have all but 10 copies of the issue released. A decision on the petition is expected to be rendered today. Schwartzberg, a "jailhouse employed a number of aliases while serving time for book-making, swindling and basketball futures WINNIPEG (CP) Ihere was a little activity Tuesday on he Maritime potato futures market with trading in the May future at three points under current levels. There were of ers in March and April futures at the same levels, but no tuyers. No contracts traded Monday. Open High Low Close Mar 2.57A Apr 2.72A May 3.12 3.12 seized by peasants SANTIAGO (Reuter) More than peasants seized 41 ranches in San Antonio province Monday despite an appeal by Marxist President Salvador Al-lende, police reported. The occupations followed similar seizures in the southern province of Cautin earlier this week. Al-lende told meetings of peasants Sunday that they should remain calm and wait for the government to take over ranches legally under its agrarian reform NEW Authorized Dealer JEEP" TRUCKS AND STATION WAGONS UNITED MOTORS CO. LTD. Cor. 3rd Ave., 3rd St. S. Phona 327-1418 value MONTREAL (CP) U.S. ar in terms of Canadian funds down 1-32 to 13-16. Pound terling down 1-16 to Ind 31 00 Westcoast Tr New Imp Mines .CS Cygnus A 5.50 Western Pacific 4.85 Primer Cygnus B 4.1214 MUTUAL FUNDS Pyramid 28 Cum Proo 14.00 AGF Spec a 1 2.37 Silver Sland 1.28 Home Oil A 29.00 AM Cdn Com 6.93 7.57 Troian 28 Home Oil B 28.75 All Cdn Dlvid 7.95 P.69 Western Mines 3.70 Home and Pit 1.75 All Cdn Vent 3.23 Utica .57 Netv York stocks Supplied by Richardson. Securities ol Canada Amr T and T 49.25 Montgomery Ward 29.50 20 Golds 163.42 off 2.40 Anaconda 20.00 Sears 73.6214 10 Base Met 86.68 Up 07 Bin Steel 20.6214 Sfd Oil of N.J. it w nlle i 'BONUS' 1 Bye bye AMMAN (API Thieves broke into the headquarters 88 Barley Dec turn 27.50 Texas Gulf 15 W Oils 193.82 up .43 Comsat 50.1214 Texas Co YORK AVERAGES Duponf 127.42V2 Woolworth 36.25 30 Indust 823.46 up .P9 General Motors 79.50 Westinahouse Elec 20 Rails 160.99 up the United Nations Relief and Works Agency for 129% 129% Jly 30.75 U.S. Steel 30.12Vj 15 Utilities 119.12 UD .0.1 Inl Harvester 27.00 TORONTO AVERAGES 65 Stocks 264.56 up .5' Kenn Copper 20 Indus! 172.52 up .27 Volume WtwfMm night, blasted open a sale and escaped with the Christmas bonus of UNRWA's employees in Jordan, police reported, 127% Rye )ec 104% Hay 111% 111% 111% Jly 112% 3ct all 560 striking employees at Consumers' Gas Co. have accepted free Christmas hams from the company despite union requests not to accept "company charity." Officials of Local 161, International Chemical Workers' Union, had asked the t striking employees not to t accept the hams or to turn them over to the Salvation Army. S Only 30 were dropped into I a Salvation Army truck i which had come to tile dis- s tribution site. t "1 need it said s one of the strikers. They a have been on strike since e Nov. 16. hits M-F firm TORONTO (CP) Massey- For the fourth quarter, tho rerguson Ltd., hit by a world- less was ?13.8 million com-vide slump in agricultural ma- pared with a profit of for :hinery sales, reports a loss of the corresponding quarter of or a share for 10C9. 1 lin pndrd (VI. 31 1 I I Case of 24 Bottles size) I Plus deposit of 55c with every purchase of 1 Gasoline at the following participating dealers: 1 I 1 1 Lakeview Texaco Northway Texaco I 1 Dundee Texaco Short Stop Texaco 1 1 El Rancho Texaco CHIEF MOUNTAIN REALTY IT COWtEY, ALBERTA Wish lo announce its recent incorporation and s licencing to deal in Real Esta e in the Province o Our head office is in Johnson Bros. Sawmills ttd. Cowley, Alberta. We can offer a complete servic do solicit your jbsequent F Alberfa. office in and wa As in the business-upor unity wartz for vo fliven r with a profit of or a share the previous year. _ Total sales for the year were Mays m hospital 937.9 million, down more past Wo will bond every effort towards good sounc like dealings. 1 would personally like to tako this o to thank Mr. Henry Schwartz Mr. Gordon. Scr the sound counselling and friendly advice they he me during my association with them. GORDON JOHNSON, CHIEF MOUNTAIN REAIT1 Phono Day 628-3775 and Night 628-3836 BOX 114, COWLEY, per cent from mil- LONDON (AP) Lord Snow-on in I9G9. Farm machinery husband of Princess Mar-laes were down more than 11 garet, has been advised by Ms cent, industrial and con- doctors to rcmain jn (he d traction machinery sales were tout the same as in 1969 and Ctalc for at lcast another weck nginc sales up almost 16 lo recover from a minor opera-er cent, tion Dec, 15, ;