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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 29, 1970, Lethbridge, Alberta Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. cattle. Receipts almost entirely butcher steers. Trade strong and active. All classes of butcher steers meeting very good demand selling 50 cents higher over last weeks closing prices. No butcher heifers in early trade. The few cows on offer sold at steady prices kind and quality considered. Choice steers 30.25 to 30.70; good 29 to 30; medium 28 to 29. Good cows 19.50 to 20.10; medium 18 to 19. Good stock heifer calves 30 fco 34.75. Butcher hogs sold Monday f.o.b. Lethbridge 21.80 to 22.15 base price. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 850 head; mostly good and choice slaughter steers and cows. Trade was strong and active. Slaughter steers were cents to higher, heifers wer scarce with no choice kinds cows and bulls were steady. Choice slaughter steers 30.2 to 31, good 29 to 30, medium 27.50 to 28.50. Good heifers 2 to 28, medium 25 to 26.50, good cows 20.50 to 21, medium 19 t 20.50, canners and cutters 14 to 18. Good bulls 22 to 24.60. Insufficient replacement cat tie were offered to establish a market. Good stock steer calves sol( steady at 39 to 40.10. Portland Livestock PORTLAND (AP) Cattle 200, trading limited; price mostly steady; slaughte steers, good 26. to 26.75 slaughter heifers, good 24.50 t( 24.75; slaughter bulls, good 25.75 to 28.75; vealers, choice 42.50 to 43.50; standard and good 28. to 38.; feeders, stee calves choice 300 to 500 Ib 32.50 to 35.25; steers, good am choice 550 to Ib. 24.75 to 29.; heifer calves, choice 350 to 550 Ibs. 27.40 to By PIERRE VENIOT Canadian Press Staff handles road, rail, power and water requirements, is geared to handle eoal from the Kaiser Resources Lid. operation in the East Kootcnay area of British Columbia. But a word of caution from Mr. Duncan on the immediate success of container shipping on the West Coast. "Since we opened in June, we haven't had time to establish a he said. "With the price of one container crane being million, we want to be sure about things before we make any recommendations to the private sector or government'." OPTIMISM IN EAST too. The Halifax-Dartmouth Port tic" about the 1970-71 .winter commission's executive secretary, John Gnce. A complicating factor is the disappearance of seasonal ocean shipping which had given the Atlantic ports an advantage. Winter shipping on the St. Lawrence Kiver now sees CP Ships going into Quebec on shij year-round basis and Man-Chester Liners going into Montreal 12 months a year. Container shipping is also providing a shot in the arm, with Halifax looking forward to a big increase in traffic on a year-round basis. Its first transatlantic vessel arrived in November. No major Increase, however, is foreseen in general cargo, part of a worldwide flattening out for this kind of traffic that only a new concept of handling will stop. Container cargo rrroves through Halifax in two directions, between European ports and central and mid-west North America. West of Halifax, it will be handled by Canadian National Railways. While automobiles are not a major item in the Halifax port, Mr. Grice says Halifax is trying to get several European auto makers to ship through the port. But there are no firm commitments yet. The port also has long-range plans for two more container terminals, although there is no indication when or if these will be built. ROSY IN SAINT JOHN In Saint John, N.B., John Addison of the National Harbors Board also is optimistic when he talks about shipping. "The upcoming winter season promises to be one of t3ie best in recent years with traffic in New Brunswick forest products leading the way. Pulpwood, wood pulp, corrugated medium and newsprint are pouring into the port from three nearby mills. "Canadian flour exports and import autos will lead the season, with export citrus fruit starting early in the new year. "Canadian Pacific will again operate a winter container service to the port. In August alone, container traffic through Saint John amounted to tons." A container terminal is expected to be hi operation by April, 1971. General cargo through the port from January to August in 1970 amounted to tons. Including .bulk cargo, the total was up over the corresponding 1969 period. That reflected the best summer season in recent years. At the biggest port in they talk sta- ill RL. iL iH big statistics. Viateur Gendron of tho Montreal Port Authority says port hasn't had fewer than 20 million ton? in the last five years, with 1970 expected to exceed that level. By the end of September, Montreal's total cargo handled was compared with in the same period in Total for that year was "We're very be says. By way of explaining Just how good times are, Mr. Gendron says that in the 1963 winter season from Dec. 15 to April 1, fewer than 20 ships reached Montreal. In the corresponding period ended last April, 283 vessels, many of them ocean-going, arrived. Those that aren't ice-reinforced get help from icebreakers. Down the St. Lawrence, Quebec City expects record tonnage for 1970 with a 10-rrionth figure of up 17 per cent over the year before. Its container terminal has handled more than tons since the start of operations hi April, 1969. in Canada and they just rub their hands with joy. Ask them about what's in store for 1971 and there's almost no stopping the optimism. Take William Duncan, acting harbormaster in Vancouver, who says 1970 will be a record year for grain. "Three years from he waxes glowingly, "we'll lie 50 per cent over our previous tonnage totals. "No other major harbor in the world can make predictions like that. I do quite realistically. In fact, it's probably a conservative estimate." As of Nov. 18, about 196 million bushels had moved through Vancouver and Mr. Duncan expects the figure to exceed by 10 to 15 per cent the record 204.1 million bushels of 1964. He said total tonnage for the year, excluding grain, should also go 10 to 15 per cent over 1969 total of 24 million. NEW PORT IS KEY Key to the increased harbor activity is the opening of a deep-sea port at Roberts Bank. 20 miles south' of Vancouver. It has a storage area capable of handling tons of coal bound for the hungry Japanese market and loading facilities for bulk carriers that work at a rate of tons an hour. The project, connected to the mainland by a three-mile causeway Higher i trend eo TORONTO (CP) Prices were mixed to m a r g i n a 1 1 y higher in light mid-morning trading today at the Toronto stock market. On index, industrials gained .02 to 173.03 and base metals .39 to 89.7) Golds were down .06 to 161.36 and western oils .81 to 190.73. Volume by 11 a.m. was shares, up from at the same time Monday. Trading Monday was the slowest since Aug. 17. The market posted its third successive advancing session Monday. Gains outnumbered losses 91 to 76 with 154 issues unchanged. Eleven of the exchange's 17 sub-groups made fractional advances. Among rising issues, Consoli-dated-Bathurst was up 'A to DuPont to Inco to Westcoast Transmission Vt to Steep Rock 10 cents to Roman 10 cents to Canadian Delhi 20 cents to and Canadian Export Gas 20 cents to Brascan dropped 1% to SlSVa, Home A Vi to Pacific Pete to Investors Overseas 35 cents to Royal Bank V-i to Conwest 15 cents to and Sherritt to ACTIVE TRADE MONTREAL (CP) The Montreal stock market was mixed in moderately active trading today. Utilities, down more than a point, banks and the composite index all declined. Scott LaSalle Ltd., which did not trade, reports net earnings of or a share for the nine months ended Oct. 31, up from or SI. 05 in the corresponding period last year. Brascan dropped to SlSVi, Distillers-Seagrams Vi to Royal Trust to Consumers Gas 54 to and Weston to B.C. Forest Products climbed to Algoma Steel to arid Crush to On Index, industrials were up .08 to 175.93 and papers .10 to 91.40 while utilities declined 1.12 to 150.74, banks .18 to 176.03 and the composite index .19 to 171.74. Combined volume on the Montreal and Canadian Stock Exchanges to 11 a.m. was shares traded, ntinues with shares by the same time Monday. PRICES UP NEW YORK (AP) Stock market prices were higher today in moderate trading. At noon the Dow Jones aver age of 30 industrials was up 3.3 at 834.27. Advances outnumbered declines on the New York Stock Exchange by 2 to 1. Analysts said investors wer looking forward to an economic upturn in 1971. They pointec out, however, that this upward momentum was being atten uated by tax selling and some profit taking. At noon The Associated Press 60-stock average was up 1.5 to 285.8. Airlines, oils, rails, chemicals metals, utilities, aircrafts, motors, and steels were up. Rubber issues were lower, while mail order-retail and electronics were mixed. Mclntyre Porcupine droppe Kerr Addison 9.10 Cal Power 23.00 Trsns Pip 19.50 Key Anacon .26 Coron Credit I.JO Trsn Can Pipe 35.75 Labrador 33-00 CWN Gas Pfd 10.25 Union Gas 15.75 Lake Shors 300 Cdn Industries Union Oil Al 00 Leitcn 1.53 Canada S. S. 27.50 Versatile Mfg 3.60 Langis Silver .07 Cdn Alarcont 2.90 Wesfeel 9.00 Macassa 1.10 Cdn Vickers 9.50 Union Carb 1.150 AiaOSen R.L. Ciirysitr vVeariiti'a n Malarlic G.F. .80 CPR AS. 00 Wood A le.OO Martin McNeely 1050 Comlnco West Grin Sd 370 Maybrun .15 Cons Bathursf 11. 00 Zenith Eloc MO Maclntyra Cons Gas 19.25 BANKS Meta J3Vi Dist Soa 48.75 Cdn Imperial 19.75 Midrim .30 Dom Bridge 19..10 Montreal H.37VJ Intern Mogul 9.7S Domler ion'; Nova Scolla 71.61'': New Athona ,13Vi Dom Textile Royal 23.87Vi New Calumet .3fiVi Darn Stores 9.00 Tor-Dom 19.75 New. York slocks Supplied by Richardson, Securities of Canada Amr T and T 50.25. Montgomery Ward 29.GO 20 Gfllds 161.50 up ,03 Anaconda Sears 10 Base Met 69.83 up .51 Bltl Steel Std Oil of N.J. 71.87'A IS W Oils 196.79 Off ,75 Chrysler Texas Gulf 117.37V7 Volume Comsal 50.25 Texas Co 34.1JVjNEW YORK AVERAGES Dupont 131.50 Woolworlh 36.75 30 Indusl 834.27' up 3.36 General Motors Vj Westinghouse Elcc 20 Rails 167.58 up 2.E3 Gulf 31.00 U.S. Sicol 15 Utilities 120.33 up .06 nl Harvester 58.00 TORONTO AVERAGES