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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - January 13, 1971, Lethbridge, Alberta 26 - THI LETHBRIDGt HIRAID ~ Wednoiday, January 13, 1971 iillliliilli Stock prices up in early trading TORONTO (CP) - The To, Financial Collection Agencies Grain price review ronto stock market was mixed to fractionally higher in mid-morning trading today. On index, industrials rose .16 to 176.43 and base metals .02 to 93.19. Golds were down .68 to 168.56 and western oils .14 to 198.00. Volume by 11 a.m. was 752,000 shares, compared with 734,000 at the same time Tuesday. Gains outnumbered losses 149 to 77 with 177 issues unchanged. Beverage, communication, merchandising and real estate sectors made sharp advances. Peel-Elder was up 1% to $18%, Seaway Multi-Corp Ms to $9. Seagrams % to $50%, Occidental Pete Vi to $17%, Shell Canada V* to $3354 and Kerr-Addison 1i to $10% and Sherritt Vs to $16=4. Dome Pete dropped 1 to $79, Canadian Imperial Bank Vs to $19''8. Northern and Central Gas 'A to $1534 and Inco Vs to $45y2. Shares of Clairtone were delisted at the opening at the company's request. The shares were last traded at 30 cents. LIGHT TRADE MONTREAL (CP) - Prices were mixed in light early trading today cm the Montreal stock market. Banks gave up some of Tuesday's gains while industrials and papers edged ahead. The composite index was up .07 to 174.21. Combined volume on the Montreal and Canadian Stock Exchanges was 352,600 shares at 11 a.m. compared with 501,300 at the same time Tuesday. gained V* to $8lA. The .company has declared an extra dividend in stock along with the regular quarterly dividend of five cents. The extra dividend is equivalent to one common share of stock for each 20 held. Versafood climbed % to $7, Canadian Internationa] Power % to $25 and Dominion Textile Vi to $13%. Velcro Industries was steady at $l83k after dropping $1% Tuesday. Consoli-dated-Bathurst declined V2 to $ny8. Among senior mines and oils, Falconbridge fell $lVss to $137 on volume of 325 shares and Nortli-ern and Central Gas slipped % to $15%. On index, industrials were up .40 to 179.24 and papers .08 to 94.57. Utilities were off .66 to 151.54 and banks .82 to 175.73. 1 BROAD ADVANCE NEW YORK (AP) - The stock market slowed its rate of recovery today but maintained a slow, broad advance in active trading. At noon the Dow Jones average of 30 industrial stocks had climbed 1.31 to 845.50. Tuesday's close of 844.19 was the highest level on the Dow since it hit 845.17 Nov. 8, 1969. Among Canadians, Alcan and Granby were up % at $24% and $23 respectively. Walker-Good-erham was ahead % at $40Vi and Massey up % at $11. Distillers Seagrams lost V*. at $50Vi. On the American Stock Exchange, Molybdenite Canada was up \4 at $3.88. Winnipeg Grain Prices WINNIPEG (CP) - Prices were buoyant on good trading in all commodities at mid-session of the Winnipeg Grain Exchange today. Rapeseed posted gains up to four cents on agressive commission house and local buying and some exporter buying. There was a good volume of exporter demand in flax with all futures higher. Oats and barley hnd fairly agressive buying by domestic shippers for eastern feeders. There was some indication of exporter buying in barley. Wheat board offers in the feed grains were light. Commission houses were the best buyers in rye with a moderate amount of exporter inquiry. Tuesday's volume of trade was 487,000 bushels of flax, 1,-764,000 of rapeseed and 659,000 of rye. Mid-session prices Livestock report lethbridge Livestock (Supplied by Canada Department ot Agriculture) On offer to 11:00 a.m. 125 cattle. Receipts mostly butcher steers and heifers, trade ac- Gasoline bombs fly at Belfast BELFAST (AP) - Roaming gangs of youths hurled a total of 29 gasoline bombs at British troops in the Roman Catholic Ballymurphy area of Belfast during the night, the army reported today. Nine persons were arrested. No soldiers were injured by the explosions, or by the barrage of rocks and bottles which accompanied them. An army spokesman said the attacks all were hit-and-run, with no signs so far of a resurgence of mass riots that have intermittently plagued Northern Ireland for the last two years. Flax: May m higher 2.53%A, July VA higher 2.54VbB, Oct. 1 higher 2.57. Rapeseed Vancouver: Jan, 3 higher 3.08%, March 4V* higher 2.99'/4, May 3% higher 2.87A, July 2 higher 2.80B. Rapes.eed Thunder Bay: April 4% higher 2.90y8B, June 4 higher 2.85. Oats: May Vs higher 88%B, July Vs higher 88%B, Oct. not open. Barley: May % higher 1.32%A, July unchanged 1.31%, Oct. not open. Rye: May IVi higher U9%B, July % higher 1.18%, Oct. % higher 1.20V6B. Prices Tuesday for class two wheat for export to countries outside IGA: 1 Nor 1.81%; 2 1.79%; 3 1.75%; 4 1.69%; 1 Durum 1.80'/4; 2 1.77Y4; : 1.68% 4 1.64; IGA prices: : Nor 1.81%; 2 1.79%; 3 1.75% 4 1.69%; 1 Durum 1.80*4; 2 1.77V4: 3 1.68%: 4 1.64. Grain quotes Tuesday (basis Lakehead): High Low v Flax May 253% 252y� Jly 254V+ 252% Oct 257 256 Rapeseed Vancouver Jan 306V+ 2W4 Mar 297% 292'A May 285% 282 Jly - - Rapeseed Thunder Bay Western cases will establish constitutional landmarks By JOHN MIKA Herald Ottawa Bureau Close 252V4 252% 256 305% 295 283% 278 287% 282 88% Apr Jun Oats May Jly -Oct - Barley May 132 Jly -Oct - Rye May Jiy Oct 118% 118% 286% 281 130% 117% 118 286% 281 88% 88% 131% 131% 126 118'A 118 120 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST MD OR SALE (11:00 �.m. Quotes* (11:00 a.m. ouotes) (11:00 �.m. Quotes) Workresumes at plant FOX CREEK (CP) - More than 1,600 construction workers were back on the job today after cold weather halted work at Chevron Standard's $80 million gas processing plant near this northwestern Alberta community. A company spokesman said the workers, employees of Ralph M. Parsons Construction Co. of Los Angeles, resumed their regular shifts at 7 a.m. MST. Work was halted when the temperature dropped to 40 degrees below zero with a wind chill equal to about 70 below. The temperature in the area today was about 25 below. Egg prices EDMONTON (CP) - Weekly egg and poultry report issued by the Alberta department of agriculture: Eggs - To producers - A large 39; A medium 33; A small 16; B 19; C 6; cracks 6. To retailers - A large 51 to 52; A medium 44 to 45; A small 27 to 28; B 33 to 34; C 19 to 20; cracks 10 to 20. To consumers fin cartons) A large 55 to 56; A medium 48 to 51; A small 31 to 36. Poultry -- To producers - A live No. 1 cliicken - Broilers, 19%. Turkey - Under 12, 23%; 12 to 18, 26%; over 18, 24. Live No. 2 chicken - Broilers, 17. Turkey - Under 12, 22%; 12 to 58. 23%: over 18, 22. five. Good and choice butcher steers meeting very good demand, prices 50 cents higher. Choice butcher heifers also meeting very good demand selling 25 cents higher. Choice steers 30.50 to 31.30; good 29.75 to 30.50; medium 28.50 to 29.50; choice heifers 28.50 to 29.25: good 27.25 to 28.25. Butcher hogs sold Tuesday f.o.b. Lethbridge 20.70 to 20.90 base price. Calgary Livestock CALGARY (CP) - Receipts to 11 a.m., 850 head, practically all slaughter cattle with the majority being good to choice steers. Trade was strong and active with a good local and in-province demand. Slaughter steers sold fully steady within a narrow price range, sales to 31.30. Heifers steady. Cows were steady with sales of high-yielding kinds to 22.50. Bulls steady. Choice steers 30.75 to 31.20. good 29.75 to 30.50, medium 28 to 29.50. Choice heifers 28.50 to 29.20, good 27.50 to 29.25, medium 26 to 27.25. Good cows 21 to 22, medium 19.50 to 20.75, canners and cutters 16 to 19. Replacement cattle were in short supply being heavy fleshy short keep steers, selling at steady prices. Good feeder steers 750 pounds up 30 to 32. Hogs base price 20.75 to 20.85, currently 20.80. WESTIRN OILS Almlnex Asamer* Banff B. P. Oil Can Southern Cdn Exp Gas Ashland Grid Cdn Indus Gas Cdn Super Central Del Rio Charter Chleftan Dome Pete Dynam Pet* Gt Plains Mill City New Coot North Cdn Oil Numac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner West Decal MISCCLLANROUS INDUSTRIALS Agra Veg Ind Atco Indus Aquatalne Brit Nfld Corp Cdn Brew B Cdn Hyd Carb Cdn Pac Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil Sds Gt Cdn Oil Sds Home Oil A Horne and Pit Hud Bay Co Hud Bay Oil Hud Bay Oil Hugh Rus Pfd Husky Oil S.n Husky Oil War 14.37V2 Inter Pro Pipe 12.50 int Utll Pfd 5.90 Inter Steel 5.15 Jeff Lake 4.30 Joutel 9.25 Kaiser Res 11.50 Lake Ont Pt Ce 37.50 AAGF Manage 13.12V3 Mentor 4.75 Pac Pete 7.80 Rank Organ .79 Selkirk Hold 1.22 Shell Inv Pfd 31.75 Shell Inv Wis 1.65 Sicks Rainier .88 West Cdn Sd 6/20 White and Yuk 3.55 CALOARY .70 Acroll 1.43 Anac Pete .95 BBrons Oil 1.26 North Conr .61 West Warn 12.42'A Madison il.M'/i Rexdale 'g PIPBLINt STOCKS *�� Alta Gas Tr L A 48.50 Inland Nat Gas 12.25 N and C 16.00 16.75 Invest Mutual 8.65 Mutual Ac 13.12W Mutual Gr F 37.50 N W Fin 8.62Vi N W Gr I0.37V2 Principal Gr 1.00 Roytund 7.50 United Ac 2.55 Universal Sav 1.60 Temp Gr VANCOUVER 5.17 5.M 5.00 5.50 4.49 4.94 4.16 4.57 4.86 5.34 3.80 4.17 5.23 5.40 4.51 4.95 6.97 7.66 24.21 26.45 7.50 Gaz Metro 4.85 9.50 Gas Metro Pfd A 1.55 26.12Va Tr Cdn P 34.25 5.371/2 Tr Cdn P Pfd 41.00 35.00 Westcoast Tr 16.75 Western Pacific 73 28.00 Anuk 16.87V2 Arctic Mining 11.00 Atlas Explor 33.87'/a Beth Copper 14.37V2 Bornlte Ridge 3.50 Block Bros 3.60 Brenda 18.00 B.C. Sufler B.C. Sugar Pfd 1.00 Capt Inter .09V2 Churchill Copper .O6V2 Col Cellulose  02Vi Coronation Credit -40 Crestbrook For I �97 Croyden '101* DolW Vsrden u/1 Dynasty Endako Fort Reliance Giant Mascot Granlsle Key Indust Growers B Hys ,, ,,,. Interior Brew ?'?9i/! Jerich0 Kemloops Copper 27.37V:i MUTUAL FUNDS Lornex 9.00 AGF Special 2.42 Madron* 28.00 All Cdn Com 7.15 7.81 New Cronln 5.37'A All Cdn Dlvld 8.20 8.96 New Imp Mines 5.M'/a All Cdn Vent 3.29 3.59 Okanagan Hellcop 1.45 Amr Gr F 4.89 5.37 Primer 3.95 Col Mutual 5.77 6.34 Pyramid 100.00 Cmnw Inter 11.90 13.04 Silver Sttnd 27.62V* Corp Invest 5.27 5.71 Texmont 2.05 Corp In St F 4.57 5.00 Trolan 15.87'A Dreyfus F U.S. 11.62 12.73 Western Mines 39.50 Gr Equity 5.87 6.45 Westcoast Res 56.50 Gr In Shares 3.20 3.52 Western Explor 20.87'A Invest Gr 10.40 11.37 Utlca 24 .14 .61 15.12'A .11 4.45 7.80 1675 lTJO 4.25 1.15 6.871/a 1.55 6.00 .23 .40 5.50 13.75 .57 4.10 10.62Va .30 3.00 2.40 5.25 .09 .13 6.35 .45 .20 1.90 3.20 .16 .36 1.43 .71 .32 3.70 .14 .27 .35 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. OTTAWA - Two Western cases which will establish constitutional landmarks whichever way they go were placed on the Supreme Court of Canada's winter schedule today. First case listed for the Jan. 26 resumption of the national court's sessions is the Jorgen-son case from Manitoba which will decide the fate of numerous charges of wheat quota book violations throughout the prairies. Well down the list, and expected to come up about mid-March, is the Calder case from British Columbia which will decide the claim of non - treaty Indians to compensation from the Crown for lands their an. cestors occupied. The Manitoba case is expected to attract interventions from the governments of the other western provinces. A stated case - the facts are agreed by both sides - it will decide whether the federal parliament's wheat board act was ultra vires in the section permitting establishment of grain quotas at elevators. It arises from Ejler V. Jor-genson's admitted acceptance of 363 more bushels of wheat in 1968 than Headingly farmer Nick Friesen's quota permit allowed. Jorgenson was the Federal Grain Company's elevator agent at Charles wood, Man. The RCMP charge against him was thrown out last February by Winnipeg Magistrate J. Enns on the grounds that the relevant wording of the federal act was too vague and broad to be enforceable. The federal government appealed and won a reversal from the Manitoba Court of Appeal. But Ottawa lost its attempt to block Jorgenstn's lawyer's request for a final decision when the supreme court agreed last fall to permit an appeal because "an important question of constitutional law is raised in this case." The British Columbia case was initiated in October, 1969, by NDP MLA Frank Calder, the only Indian holding a provincial seat in Canada, and is opposed by the B.C. government which so far has won all lower court verdicts. Calder represents the Nishga Tribal Council which seeks a declaration that it - and not the provincial crown - still owns 4,800 square miles of the Nass River Valley 500 miles north of B.C. The claim is founded on the contention that no treaty was ever signed for transferring their traditional territory to the crown, making it a test case for virtually all of B.C. and much of the Yukon and Northwest Territories. The B.C. Supreme Court turned down the claim in 1969 after finding aboriginal title to the valley disappeared when the colony of Vancouver Island united with the colony of British Columbia in 1866. The B.C. Court of Appeal last May upheld the decision on the grounds that Indian rights on the West Coast were not acknowledged by the imperial crown of the day and any theoretical rights of aboriginals were extinguished by the colonial government. Only last month, the Anglican Church of Canada decided to give the Nishga Council $10,-000 to help defray its legal ex- penses in the battle with the government. The money will come from the primate's World Relief and Development Fund and is the first grant made by the 10-year-old fund to a Canadian project Wheat prospects brighten LONDON (CP) - Wheat exporters in Canada and other countries are likely to find 1971 a brighter year as world production eases and buyers show more readiness to increase purchases at firmer prices. This trend, forecast by the In-ternational Wheat Council today, may also help Canadian negotiators as they enter five weeks of bargaining Monday to shape a new international wheat accord. Tax rule changes made by Nixon SAN CLEMENTE, Calif. (AP) - President Nixon, seeking to create jobs and promote economic growth, announced Monday rule changes reducing the short term tax load on business but designed to cause no long-term tax loss. Coal pipeline proposal protested VANCOUVER (CP) - CP Rail's proposal to build a coal pipeline from the Fernie coalfields in southeastern British Columbia to Roberts Bank has been protested strenuously by Robert Wenman, Social Credit MLA for Suburban Delta. Mr. Wenman has wired the Canadian Transport. Commis sion objecting to the plan on grounds that waste water discharged from the pipeline would contribute to pollution of the Fraser River mouth, and that there would be no competition for a "reasonable freight rate." CP Rail wants to install 24-inch pipeline which would carry coal floating in water, to the deepsea port 25 miles south of here. Mr. Wenman said he Is concerned about plans to use oil as a re-agent in the process and said this would add to the pollution factor. The move will cut $2,600 million from tax collections this year and the reductions will reach a peak of about $4,100 million in 1976, the president said. This will have the effect of channelling billions into the sagging economy. The new formula will provide a faster tax writeoff on funds plowed into new plants and equipment purchases. In effect, what the administration is doing in its campaign to spur production, employment and the sagging economy is to defer taxes for businessmen. Under the guidelines laid down Monday, one key change will permit a 20-per-cent speedup in claiming tax writeoffs. "Past experience demonstrates that depreciation liberalization will stimulate the pace of spending on new plant and equipment, which has been levelling off, and thus create jobs/* Nixon said in a statement. "As a result, federal tax collection in the long run will in crease." Flour deal looms Hog prices EDMONTON (CP) - Prices to 11 a.m. today supplied by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted 20.55, selling 20.55, average Monday 21.53. Red Deer: Quoted 20.55, selling 20.55, average Monday 21.98. Calgary; Quoted 20.55 tx� 20.65, selling 20.65, average Monday 21.98. Lethbridge. No market, average Monday 21.98. Lloydminster: No market, average Monday 20.10. Grande Prairie: No market. Sows 11.75. Hogs sold to 11 about $D billion a year to Ohio's jam. 709. Hogs sold Monday �5,261. provincial average 21.73. MAJOR BOOST The tourist industry adds Salesman Required Immediately! An aqresil'.-e talesman it required for permanent sale* position with one of (ethbrldge'i too dealerships. Wo offer you a wide ronge of quality produclv and heavy advertising lo give you busy year-'round salei with �uch popular itemn os American Motor-, Automobiles, Jeep Trucks, Mobile Homes, frovel Trailers and Used Cars. If you qualify we offer generous travel expenses, a profit nharirtf) plan and other com pany benefits. Apply riir�ct to UNITED MOTORS CO LTD Cot. 3rd Av�. ond 3rd St % (11:00 a.m. Quotes) MINES Acme Advocate Asb. Akaitcho Black Bay Bethtahem Brunswick Canada Tung. Casslar Central Pat. Conwest Cons. Rambler Coin Lake Cochenour Crelgmont Dickenson Min� Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartlc East Sullivan Falconbridge Frobex First Maritlmes Giant Y.K. Gunnar Granduc Headway R.L. Holllnger Hud. Bay M-S Hydra Ex. Highland Bel) Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leltch Langls Sliver Macassa Madsen R.L. Malartlc G.F. Martin McNeely Maybrun Maclntyre Meta Midrim Intern Mogul New Athona New Calumet New Imperial Norande 08 7.00 .� .07 Northgate Opemlska Oslsko Patlno Pine Point 15.12V] Placer Dev. 4.60 P.C. Exp. 1.96 Quebec Man 23.75 Rayrock 2.40 Radlcre 10.37V3 Rio Algom .85 Roman Corp .15 Sllvertlelds ,45Vi Sherritt Gordon 1.73 Silver Miller 1.30 Steep Rock 26.37V2 Siscoe .07 Tek Corp. 1.00 Texmont Upper Canada Western Mines Wright Har. Wlllroy Windfall Yellowknlfe Br. Zen-mac INDUSTRIALS Abitlbl Alcran Algoma Steel Atco Ind Atlan Sugar Dell Tel Brazil Trar. B.C. Tel Burns B.C. Forest B.C. Suqar CAE Ind" Cdn Br-v.' Chemcell Col Cellulose Cal Pov/er Cor on Crcxli* CWN Gas Cdn Indust Canada S ?> Cctn Mdrrorv Cdn VicKer^ Chrysler CPR Cnmlrnr. Cons Ban Cons Gat mo $�� Oom Brrjrji* ' 81 CJorntar 10.1V/t Oom Textile 59.25 .18 1.40 1.50 4.65 136.00 .34 1.00 9.05 l./l 6.90 9.00 55.00 20.25 19 >.85 1.50 1.74 .22 10.37'/ .30',' 33.00 3.10 1.40 .11 1.10 .7J .80 12.00 .15 140.25 14 iT 17 37 87 .24 1.24 .32 16.50 7.40 1.80 16.75 .07 7.46 1.92 4.35 .71 7.00 3.90 1.21 1.17 8.65 Dom Stores 10.50 Dome Pete .32 Dofasco 27.25 Fam Play 29.62V* Pd of Amer 32.00 Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Inr Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A 13'A Metro Stores 4-80 Massey Ferg 11 McMillan Bloc Moore Corp B �J'A Molsons A 2i!oO Molsons B 14 42Vj North Cent 9 75 Pembina Pp 7.12'/j Power Corp 17.00 Price Co 16.75 Rothmans 4t.0(i St Law Corp 8.62'/i Shell CDA 23.50 Simpson's 7675 Simp Sears 5.37Vi Sleel of Can B.IJVi Selkirk A 00 Texaco Traders Gp A Trans Mtn Pp Tranr. Can Pp Union Gas Union Oil Versatile Mfg Westeel Union Car Weston's B Zenith Elec BANKS Car Imperial Montreal Nova Scotia 11.62' i Noval 13.00 Tor-Dom QuoMl 11.00 6.75 17.25 I 55 11.00 11.87V; 29.00 3.15 ?50 79.00 40.25 ).( 7S 11.75 Id./!. 10 l1, 19.25 79.00 23.37Vi 11.00 53.00 3.95 80.00 20.00 20.00 14,00 2.40 20.00 40.00 I9.87VJ 16.50 45.50 27.00 8.00 37.50 17.13'/% 7.25 5.25 4.05 5.1IV2 33.00 10.75 27.50 33.75 16.25 16.00 15.62Vi 25.00 6.00 9.00 13.37'A 19.00 33.62Vi 17.87'A �23.Wh 26.87V!i 11.00 27.75 10.50 19.871/3 34.50 16.00 �13.00 3.85 11.00 15.421/4 19.00 I.II 19.62V2 14.87Va 21.50 27.75 19.50 Toyota plant for Canada? MONTREAL (CP) - Naru-fumi Yano, president of Canadian Motor Industries Holdings Ltd., said here studies are continuing on the feasibility of setting up a Toyota assembly plant in Canada. Mr. Yano, whose firm distributes Toyotas, told a news conference he would like to see a plant in Canada to provide Japanese a u t o m o b i 1 e s for the United States market. He said an assembly plant could be built in Quebec or elsewhere in Canada. Toyota cars now are imported directly from Japan, although a small assembly plant in Sydney, N.S., produces about 1,200 units a year. Mr. Yano was in Montreal for previews of now Toyota products to be seen at the third International Automobile show, which opens this week. Mr. Yano said Canadian Motor Industries will open a $1 million facility later this month in suburban St. Laurent. Cars destined for Quebec and the Atlantic provinces, shipped from Japan by way of Vancouver, will be prepared and stored at St. Laurent. Company dissolved CALGARY (CP) - Shareholders of Driver Development Corp. Ltd. voted here to dissolve the company and transfer assets to Delta Hotels Ltd. Delta will issue stock to Driver development shareholders on a one-for-five basis. Driver Development properties include several British Columbia hotels and a large in terest in Mount Goribaldi glacier resorts, a ski resort project which is in receivership. Natives starve WYNDHAM, Australia (Reu-ter) - Starving aboriginal children here Jiave formed commando raiding parties to snatch fcxxl from garbage cans, says the local council. The council's monthly news bulletin reported that a group of 20 children between seven to 12 years old have been raiding a trailer park for food, "literally fingering the rubbish bins to the bottom." Dividends By THE CANADIAN PRESS Canadian Western Natural Gas, 23?i cents, March 3, record Feb. 5: four per cent, 20 cents: S'i: per cent pfd. 28 cents: both March 1, record Feb. 5. IS etc York stocks Supplied by Richardson. Securities ut Canada Amr ; sna V 51 j7Va Moniyomery W-ird j7.12'.-3 20 Golds 167.47 otf 1.77 Anecond* l�.G0 Seari '8.75 10 Base Met 93.23 up .06 8th Slei! 23 75 Strl Oil o� N J 68.75 15 W Oils 197.75 off .39 Chryslnr 25 50 Texas Gui� 114.87V? Volume 1,357,000 Comsat 5125 Texas Co 31.87>/2NEW YORK AVERAGES Dupont 115 25 Wool worth JB.87Va 30 Indust 845.50 up 1.31 'iM ?7.00 V.'ostlnghouse Elec 66.00 20 Ralls 178.48 up .89 Gulf TV STh U.i Steel 33.8/>2 15 Utilities 125.45 up .83 Int Hur/e-.t^r ifj.25 TORONTO AVERAGES 65 btccks 278.23 up .93 ! Kenn Copper 17 67i/� 20 Indust 176 M up 31 Volume 8,680,000 Beef J11 lures WINNIPEG (CP)-'Hie Winnipeg beef futures market was j active Tuesday with trades in J Hie January and May futures at prices even with to 40 points lower than current levels. Monday's volume of trade was four contracts. Open High Low Close Jan 30.50 30.70 30.50 30.70B Mar 30.80B May 30.30 30.80B Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds of 1-16 to $1.01 3-16. Pound ster ling up 1-16 to $2.43 1-16. NEW YORK (CP) - Canadian dollar up 3*1 at 98 27-32 in terms of U.S. funds. Pound sterling up 5-32 at $2.40 7-32. OTTAWA (CP) - Negotiations now are going on for a shipment of Canadian flour to Russia as part of a wheat sate agreement signed some years ago between the two countries Otto Lang, minister responsible for the Canadian wheat board, said here. He was replying to a Commons question from Stanley Korchinski (PC-Mackenzie). Harold Danforth (PC-Kent-Essex) asked whether flour mills in Eastern Canada would have a chance to tender on the contracts. Mr. Lang replied that this is a matter of competition. * Sponsored by the UN and attended by representatives of some 60 countries, the Geneva conference will seek a replacement for the current loose and largely unsuccessful grains pact which expires next June. The prospect of a stronger market, sharply contrasting with the throat-cutting fight for customers in 1969, may give the exporters a bit more leverage in securing concessions from the importers. The council, which administers the agreements, estimated that world wheat exports are likely to rise by about 10 per cent in the current crop year to about 2,000 million bushels. Production is placed at some 10,000 million bushels, down about five per cent from last year and remaining supplies among the exporters at the year end is estimated at 1,800 million bushels, down about 25 per cent. The main reason for the smaller breadbasket is the drastic action taken by Canada and one or two other exporters to curtail plantings as deliberate policy. CORN BLIGHTED Meanwhile livestock producers in many importing countries found coarse grain prices rising and supplies tightening as the United States reported a corn blight. This increased the market for low-grade wheat as livestock feed. The various factors helped stimulate world wheat sales and this stimulus is continuing, the council said. With buyers conning back for more miliing grain, wheat prices have generally firmed. Ocean freight charges also have increased, adding to the over-all cost to importers. Continuing buoyancy of the wheat market is likely to be decided in part by prices of low-grade wheat which can be used for animal feed. If these prices rise too sharply, some importers may draw back. But the council noted there is still a substantial wheat surplus. This may restrain price rises as exporters seek to divert more of the surplus into animal production. "The rise in import prices of coarse grains relative to those of wheat seems to have stimulated already larger purchases of wheat' (or feed in the early months of the council said. season. the Potato futures WINNIPEG (CP) - The Maritime potato futures market Tuesday was inactive. Monday a total of 11 contracts were executed. Open High Low Close Mar 2.50A Apr 2.68N May 3.08A ISLAND GROUP About 7,100 islands make up the Philippines. LTH HURLBURT AUCTION SERVICE LTD. REGULAR EVENING AUCTION AT THE WAMHOUSt 1920 2nd Ave. $., lethbridge THURSDAY, JAN. 14 SALE STARTS 6:30 P.M. TERMS CASH NO MSIRVE Most of the furniture in for this tale it from one heme. 2 new chesterfields, 1 flowered, 1 dark brown; Apt. size chrome table and 2 chairs; Beautiful old dining room suite with table, 6 chairs and buffet; lively old bedroom suite with complete bed, dresser and vanity dresser: Beach 30" gas range with glass oven door; Household desk; Dresser; Hi-Boy chest of drawers wilh mirror; Nice old buffet; Westinghouse fridge; Like new, Pacemaker electric dryer (used 1 month); Good Beatty wringer washer; 23-sheets wall panelling; Wardrobe; Old oak dining table; 2-chests of drawers; Complete 54" bed; 2-good Singer Treadle sewing machines; Complete 48" and single bed; Good table saw; Good beige 12'x20' rug and undermat; 9'xl2' Indian rug; 24" Indian hall runner; 7'x9' beige rug. 12 gauge single shot shotgun; 2-good small gas heaters; 5-trunks; 3-nice end tables; Chrome step stool; Odd older chairs; Luggage; Set of dishes (for 8); Sheets; Blankets; Smalt tables; Stepladder; Duck decoys; axe; 4-good mantle radios; Brass tea ketttle; Old pitcher and bowl set; Small fire extinguisher; Gun rack; Lamps; Boiler; Tarps; Rod and reel; Recordd player; Coffee table; Utility table. SPECIAL: L * A Products pressure car wash unit and tank; Air operated tire changer; Dwell - Tack tester; Stant cooling system pressure tester; pressure cap tester; Chicago pneumatic air wrench; Jumper cable; Spark plug tester and cleaner. for Further Information Contact: HURLBURT AUCTION SERVICE LTD. Phono 321-4703 1920 2nd Ave. S. lethbrida* AUCTIONEERS IED NEWSY KEITH EROMANN lie. No. 41 lie. No. 4St ;