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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 3, 1970, Lethbridge, Alberta Wdoy, July S, 1970 THE lETHBXIPGE HMAtD 17 Stocks Edge Up In Early Trading TORONTO (CP) The To- ronto stock market edged frac- tionally upward in light mid- nrormng trading today. On index, industrials rose .34 to 151.98 and golds. 05 to 160.11 Base metals were down .08 to 89.76 and western oils .05 to 121.06. Volume by 11 a.m. was shares, down from at the same time Thurs- day. Losses edged out gains 69 to 66 with 128 issues unchanged. The rise this morning was a continuation'of a small advance Thursday which interrupt i 1 three consecutive losing ses- sions. Among advancing stocks, Walker-Gooderham was up to Canada Permanent Trust to 10, Dustbarre to n, Union Gas VB to and Dy- nasty 15 cents to Labatt dropped to Dame Pete to 39y4, Alberta Gas Trunk to 41 and Bank of Montreal Vi to IOS Ltd. was up 55 cents to The stock resumed trad- ing after being suspended since June 17. INDUSTRIALS HIGHER MONTREAL (CP) als were fractionally higher while aU other sectors of the Montreal stock market declined in light early trading today. Several Canadian pulp and paper companies have an- nounced increases in the price of wood pulp, effective July 1. ConsoIidated-BathuTst, Dam- tar and Canadian International Papa all announced increases between and U.S. a ton for wood pulp in the United States. Abitibi declined to 7% while Domtar was steady at 13. Trading resumed in the shares of IOS Ltd. following suspension of the issue on Jue 17 when the Quebec Securities Commission ruled that the company's annual report lacked adequate informa- tion regarding certain loans made by the company. IOS traded about shares be- tween 2.90 and 3.10. The day be- fore its suspension, the issue closed at 2.65. Canada Cement Lafarge gained 1 to 35. Seagrams to 44% and the Toronto Dominion Bade to 17ys. On index, industrials were ut> 10 to 151.83. Utilities were off 14 to 122.41, banks .16 to 162.19, the composite .03 to 147.67 and papers .33 to 83.10. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 ant. compared with at the same time Thurs- day. MARKETS CLOSED New York Stock Market is closed today. TORONTO AVERAGES 20 Industrials 151.89 up .25 20 Golds 160.03 off UC 10 Base Metals 89.78 off .06 15 Western Oils 121.66 up .55 Volume Grain Price Review Winnipeg Grain Prices WINNIPEG (CP) Oilseeds were on a strong price pattern on the Winnipeg Grain Ex- change today with the news of a large rapeseed sale to Japan and with a lack of offerings in ilax. Barley came under heavy buying pressure after the an- nouncement of a bushel sale to Italy. Prices were up fractionally. Oats and rye had a light trade with prices steady. Volume of- trade Thursday included bushels of flax, of rapeseed and 634, 000 of rye. There was no export clear- ance "of Canadian wheat Thurs- day. Lakehead prices for number two and IGA wheat were down Prices for Class Two wheat for export to countries outside IWA: 1 Nor 2 3 1.61% 4 1 Durum 173V4; 2 1.70V4; 3 1.6014; IGA prices: 1 Nor 2 3 2 3 4 4 1 Durum 1.54. High Low Close Nanaimo Printers Favor Strike NANABtO, B.C. (CP) Members of the International Typographical Union employed by the Nanaimo Free Press voted unanimously in favor of Strike action, following the lead of printers at four other Brit- ish Columbia newspapers op- erated by Thomson B.C. news- papers Ltd. Earlier, printers and typo- graphers employed by the Kelowna Courier, Penticton Herald, Vemon News and Kara- loops Sentinel voted more than 80 per cent in favor of striking. Flax Jiy Oct Nov Dec Rapeseed Jiy Nov Jan Mar Oats Jiy Oct Dec Barley Jiy Oct Dec Rye Jiy Oct Dec 283 280% 281% Z72V4 ZTO% 271V4 JHVs 263% 264 261 259% 259% 29! 289 295 261% 256 261 256% 252% 256% 75% 75% 76'A 76% 763, 76V 109% 109% 112 iro ------112Vi 96% 96 96s, 101% 101% 101? __103 STUDENT SUMMER EMPLOYMENT PROGRAM Enrolment of applicants in the Militia for the Stu- dent Summer Employment Programme will commence nt a.m., Monday, July 6th at: MEWATA ARMOURY, CAISARY, KENYON FIELD, LETHBRIDGE, and PATTERSON ARMOURY, MEDICINE HAT. Enrolment will continue until July 10th in these locations. Candidates are required to bring birth cer- tificate or reasonable proof of age. REMEMBER, PAY STARTS ON THE REPORTING DATE! Opportunity For Optometrist Practising optometrist to take over well established practice in major depart- ment store on a lease basis. Direct enquiries to: MANAGER, the lit Streif and ltd Avenut, Calgary, Albtrta MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roedhouse and McCuaig) LAST BID OR SALE a.m. Quotes) Round 3 On Tax Reform a.m. Quotes) WESTERN OILS a.m. QUOTM) Imlnex smcra anfl an South dn Delhi dn Exp Gas dn Grlgol dn Home dn Ind Gas dn Long Is dn Super enl Del Rio barter hieftan ynam Pete- rench Pete it Plains Mil City lew Cont urnac 'ermo 'etrol 'Innacle alace Gas anger curry Rain pooner West Dec MISCELLANEOUS INDUSTRIALS Joulcl Kaiser Res Lake Ont Pt Ncwconox Pac Pele Rank Organ Selkirk Hold Shell Inv Shell Inv Ptd Shell Wts .65 West Cdn Sd 23.00 White and Yuk. 9.50 CALOARY 6.50 7.00 1.04 4.35 3.75 11.00 7.10 2.85 2.80 3.10 5.50 5.50 KM l.W 6.00 11.25 12.75 11.50 26.00 25.50 11.00 2.10 14.00 Invest Gr Invest Mutuil IOS Vent Mutual Ac F Mutual G F Mutual In Nat Res Principal Gr Prov Mutual Regent F Royfund United Ac 9.29 10.U 4.S1 4.95 :.97 3.JS 4.0! 4.45 3.36 3.92 3.97 4.37 i.71 3.35 3.U 6.11 6.M 7.52 4.S1 3.91 4.33 VANCOUVIR Acroll Anac Pett Barons Oil North Cont Plains West Warn Leduc Calm Madison Qulnalta Rexdalc PIPELINE STOCKS 03 Alta Gas Tr L A 40.50 12 87VS Alta Gas Tr L PId 67.50 140 Inland Nat Gas 9.00 N and C 11.00 N and C S Pfd 24.50 16.75 .85 4.75 .68 1.05 .6! 1.02 7.35 Anuk 50 Arctic Mining 18 Atlas Explor U Beth Copper Borntte Ridge .17 Block Brothers 3.75 Brenda 9.50 Brenmac 52 B.C. Sugar 16.12'A Capt Infer 2.90 Churchill Copper 3.45 Coronation Credit 1.10 Crestbrook F Ind 6.25 Croyden 30 Dolly Varden 40 Dynasty Endako 12.00 ,tco Indus Aquatalne Brit Cdn Hyd Car :dn Pac Inv Cygnus A Cygnus B "urn Prop _t Cdn Oil Gt Cdn Oil Sd lome A lome B ud Bay Co lud Bay oil lud Bay Oil Hugh Rus Pfd Husky Oil Husky Oil War. nt Pro Pipe it util Pfd nt Steal off Lake Tr Cdn Pipe 25.87'A Futurity V. 875 Tr Cdn Pipe Pfd 36.50 Mascot 7.95 16.12'A Tr Cdn Pf d A 50.50 GranlSle 12.00 400 Tr Cdn Pipe War 6.65 Key industries .34 WestcoasI Tr 16.00 Growers B 1.65 2100 Western Paclllc 4.30 Hy.s 3.75 420 MUTUAL FUNDS Interior Brew 4.05 4.00 AGF Special 1.98 Jericho 08 9.00 All Cdn Com 5.93 6.48 Kamloops Copper .10 3.85 All Cdn DIVId 6.90 7.54 Lornex 96 00 All Cdn Vent 3.00 3.78 Mount Washington .10 12.25 Ariir Gr F 4.04 4.43 Madrona 30 14.50 Cdn Growth 4.45 4.89 New Cronln 09 12.00 Cdn Invest F 3.90 4.28 New Imp Mine! 1.91 34.37'A Col Mutual 4.72 5.18 Okanagan Hellcop 2.75 51.50 Comnw Inter 10.S! 11.70 Primer .21 19.75 Cmnw Lev 2.58 5.00 Silver Standard 1.37 7.25 Corp Invest 4.58 5.00 T. C. Explor 38 2.50 Dreyfus F U.S. 9.30 10.19 Trojan .54 810 N W Fin 3.22 3.54 Western Mines 4.20 2100 N W Growth 3.69 4.05 Westcoast Res 27 575 Gr Equity 5.30 5.82 Western Explor .IBVi 8.00 Gr In shares 2.67 2.92 Ullca 85 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quotas) a.m. Quoits) INDUSTRIALS Molscm's B .bltlbl Atcan....... Mgoma Steel Ind..... Aflan Sugar Bell Tel..... Brazil Trac B.C. Tel..... Burns....... B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose :ai Power Coron Credit CWN Gas Cdn Indust lanada S S Cdn Marconi Cdn Vickers Chrysler CPR........ Cons Bath Cons Gas Dist Sea..... Dom 3omtar Dom Textile Dom Stores Dome Pete Play Fd of Amer _it Cdn Oil Gen Motors Gt Lakes Pap Gulf OH Cda Hawker Sid Huron, Erie Hiram Walker Imperial Oil Imperial Tob !nt Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurcntldfl Kelly Doug A Loeb........ Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molson's A 737'A Pembina Pp power Corp 12-25 price Co _F f Romans Shell CDA f 12 62V sirT1Pson's Steel of Selkirk A li loix. Texaco..... Sen Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel..... Union Car Weston's B Woodward's A West Cdn Sd Zenith Elec BANKS Can Imperial ,M2'A Montreal..... is'00 Nova Scotia t, ic Royal Tor-Dom..... MINES Acme....... Advocate Asb. Akaitcho..... Area Mines 43.00 Belcher iron 3.8S Black Bay Bralorne..... 17.55 Broulan 14.62'A Bethlehem 1.75 Brunswick Ifi.po Canada Tung. -10.75 Cassiar..... 15.12'A Central Pat. 13.25 Chlmo....... -10.00 Conwest 21.00 Cons. Rambler 6.12'A Coin Lake 19.75 Cochenour 14.00 Cralgmont 3.80 Dickenson Mine S.6VA Denison Mines 4.30 Deer Horn 5.75 D'Eldona..... 17.00 Dome Mines 9.50 Donalds 23.12'A Discovery Mine 28.37'A East Malartlc 13.00 East Sullivan 4.CO 5.25 20.75 1.10 10.00 H.25 21.00 .3.15 6.50 17.50 51.75 21.25 13.75 13.00 10.00 12.50 39.50 13.25 Falconbrldgt 14I.M Cent 11.12'A Frobex........28 1650 First Marltlmu 5.75 "Giant Y.K..... 8.00 7.50 Gortdrum 3.35 9 50 Gunnar 1.08 26.00 Granduc 8.00 1550' Headway R.L. 11.50 20 GO Holiinger..... 29.00 Hud, Bay M-S 22.50 1075 Hydra Ex......20 215 Highland Bell 2.75 8.25 Iron Bay..... 2.65 15 Iso.......... I-58 25 75 Joliet Quebec -24 .30 Kerr Addison 10.25 1350 Key Anacon .41 250 Labrador 28.00 Lake Short 3.40 1150 Leitch...... 1.50 21 00 Langis Sliver -07'A 15 12'A Macassa..... 1.31 210 Madsen R.L. .92 Malartic G.F. .78 1.89 .40 .03 l.SO .20 50.00 2.SO 1.30 10.00 .87 23.00 .91 58.50 Martin McNeely 12.00 Maybrun......24'A Maclntyre 155.00 I Mata 17 .30 9.05 .17 .23 1.91 56.50 10.50 12.87V .31 32.50 31.00 30.00 .67 -16V 1.24 .31 17.75 A.5Q 1.B5 17.75 .07 3.00 .50 1.4S 1.40 .12 3.W .10' ____ Mirtrlm...... Inlern Mogul 17.62V4 Ncw Atnona New Calumet Ney Imperial 2.00 Noranda..... Northgate opemiska osisko....... Patino....... Pina Point Placer Dev. P.C. Exp..... 5.65 Quebec Man Rayrock Radiore...... Rio Algom Roman Corp. Silverfields Sherrift Gordon .14 silver Miller .45 steep Rock Tek Corp..... Texmont....., Uoper Canada Western Mines Wrlqht Har. Willroy Windfall Br. Zenmsc..... LIVESTOCK Lethbridge Livestock ( Canada Department of Agriculture) On offer to 11 a.m. 61 cattle. Receipts mostly slaughter steers. Trade active. Good and choice butcher steers meeting very good demand, prices higher. The few choice heifers on offer sold steady. Good bulls selling steady. All classes of light feeder cattle and stock cows sold steady. Choice steers: 30 to 30.70; good 29 to 29.75; medium 27 to 28.50. Choice heifers: 26.7S to 27.50. Good bulls 27 to 27.50. Good- feeder heifers 30 to 30.85. Good stock cows 20 to 20.30. Butcher hogs sold Friday f.ob. Lethbridge 28.65 base price. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 450 head; mostly slaughter steers and re- placement cattle. Trade was active. Slaughter cattle sold steady with Thursday's closing prices. Choice slaughter steers 29.50 to 30.40, good 28.50 to 29.25, me- dium 27.50 to 28.25. Choice heif era 27 to 27.60, good 26 to 26.75 medium 25 to 25.75. Good cow 21.25 to 22.10, medium 20.25 21, carmers and cutters 17 to Good bulls 26.50 to 28.50. Replacement cattle wen mostly fleshy steers and he ers selling at steady prices Stock calves were scarce. Good feeder steers less than 750 pounds 32 to 34.80, mo than 750 pounds 29 to 31.6C Good feeder' heifers 26.50 28.70 with light weights to 30.1 Good stock steer calves 42i No butcher calves on offe Good lambs Thursday 24.S ACCIDENTS AT RECORD TORONTO (CP) The On- tario Workmen's Compensate Board says a record a .cidents were reported amon workers in the province in 196, resulting in board payments I tailing This com pares with accidents an in payments durin the previous year. STORE FOR RENT BATA SHOE STORE OOOD LOCATION ON Slh STREET SOUTH Suitable for shoe store or Indies weor itore APPLY: Stan's Men's Wear 321 Sth St. S. NEW WESTGATE APARTMENTS NOW RENTING! 1 and 2 bedroom now available for Im- mediate occupancy. Located of 16th Avenut and 13lh South, Scenic Drive. These apartment! large unili wilh modern decor including intercom system and ether (ealurti including a magnificent scenic view. FOX COMPUTE INFORMATION PHONE 327-1696 By I. H. ASPER For those who are keeping in the tax reform debate, ound. three is nearing comple. on. The first ended with the ubliration of the government lite paper last November. :ter more than two years of udying the royal commission eport on taxation, Ottawa de- ared its position. Almost by definition, that round went to the government, rstly because it had done the ght thing in publishing a hite paper calling for dia- ague, and secondly because it ad geared up a mighty pub- c relations program to sell s plan to the public. Round two consisted of the attle for public support. It was aged by expression of inform- d opinion and public evalua- on of the appraisals on the .roveroment plan. Public opin- on swayed back and forth for -everal months but finally, as re Gallup Poll for May indi- ,ates, the White Paper critics won decisively. The third round will be com- leted when the two Parliamen- ary committees complete their ndependent hearings and studies of the plan and publish leir views. The Senate com- mittee has completed its work and is now beginning the prep- ration of its report. In a few weeks the Commons Commit- ee will do likewise. By late all, their verdicts will be an- ounced and round four, the overnm e n t' s final decision taking will begin. Apart from the tax reform uestion, it is likely that even arger issues will 'emerge from ound three, the Parliamentary "ommittee stage. From almost ny study of the Senate Com- mittee hearings, it is quite ap- arent that its report will be ighly critical of many funda- nental proposals put forward y the Government. On the oth- r hand, the tone of the Com- nons Committee hearings has een more hospitable towarc he White Paper. CLASH? What if the two committees oth dominated. by governmenl supporters, should clash on the major issues? To which report hould the Government assign he greatest influence the re- port of elected (and presum ably more answerable to t h e lublic) members of Parlia nent, or the evaluation of ap- pointed Senators who, while no 11 e c t e d, form part of thf 'chamber for serious second Although the governmen could avoid that confrontatio: >y taking the counsel of bot committees and compromisin any serious differences betweei .hem, the real issue that couli surface is: what is or shoul the role of the Senate i governing Canada. Senate reform has always en joyed status as a nice but no terribly pressing political de- aling point. However, this me, should there be a chasm >etween the Commons and the enatc, it may be impossible to more the question. This could ccur because of the profound mportance of the tax structure o the future all Canadians is well because of the obvious ualifications of the Senate personnel to d e a 1 with this particular issue. If the Senate report were to >e ignored where it differs rom that of the Commons com- mittee, it would be tantamount o accepting the New Democra- ;c Party view that the issue an only be 'resolved by abol- shing the Senate. Certainly if the Senate Is not permitted to play a meaning- ul role in law making, the role nvisaged in the Constitution of Canada, it should be disband- ed. On the other hand, there exists a well reasoned argu- ment that urges not only the revival but the strengthening of he powers of the Senate. Supporters of this view point out that the House of Commons s elected essentially on a rep- resentation by population ba- sis. Because of the unequal dis- ribution of people across Can- ada, the system leaves huge >ut thinly populated parts of he country with little influence Hog Prices EDMONTON (CP) Prices today provided by the Alberta tog Producers' Marketing Board: Edmonton: Quoted 28.50 to selling 28.75. Average Thursday 28.39. Eed Deer: Quoted and sell- ing 28.50. Average Thursday 28.31. Calgary: Quoted 28.60 to 29.05, selling 29.05. Average Thursday 28.36. Lethbridge: Quoted and sell- ing 28.65. Average Thursday 28.18. Total hogs sold to 11 a.m. 455. Sows selling 19.42. Total hogs sold Thursday av- erage 28.35. Beef Futures WINNIPEG wat a light trade in the July and September futures on the Wiruii peg live beef futures marke Thursday. Open High Low Clos July 31.20 31.25 31.30 Sept 29.55 29.65 29.55 29.60B Nov. 28-90B Jan. 28.80B DIVIDENDS By THE CANADIAN PRESS Dairies Ltd class A 2 cents; class B 20 cents, both Oct. 1, record Aug 31. the political decision making lat regulates their destinies, egional alienation takes root i this environment. ENATE REFORM At a recent policy conference i Edmonton, held by the west- rn Liberal party, a Senate re- orm plan was put forward, and hile it narrowly missed gain- ng enough support to become it is intriguing. Its authors suggest that Can- da is too diverse to be gov- med by a single house elect- >d on a rep by pop basis- TM urge that the Senate be used as the second house to which le members are elected on trictly a regional basis. In that lay, the House of Commons would reflect the views of the majority of the people and the enate, because of its composi- ion, would look at things on a egional basis, with each Prov- nce having an equal number f representatives. One other change was sug ;ested by that Conference in n attempt to improve the law making process. The delegates approved the idea that if any Government were defeated in Parliament on an issue, suet as its tax reform plan, it would not require the Government to resign as is the current prac- ice. In other words, the plan en visages a. free, non party vote or all Members of Parliament )lus an elected Senate havini qual legislative power with the Commons, but being made up of an equal number of repre- sentatives -from each Province This is similar to the law making process used in the Uni ed States and to adopt it couli well be an implementation o he Prime Minister's valid ob ective extracting for Can ada the best features of Ameri can life while rejecting the less desirable. Certainly the White Paper is sue when it comes before Par lament would be more hap >ily resolved if the system per nitted a non partisan ap- iroach, aided by a well bal anced regional voice in the brm of an elected Senate. (Mr. Asper is a Winnipeg Smitty's Pancake House Franchise Available Excellent location in Marathon Development In City of Lethbridge to be open about Octo- ber, 1970. Cash required approximately Capital investment returned in ap- proximately four For further information please write or phone SMITTY'S PANCAKE HOUSES LTD. 709 Sth Ave. S.W., CAIGARY, Alberta. 263-5683 (403) MARATHON REALTY APPOINTMENT M. J. FIELD The appointment of M. J. Field as General Manager, Prairie Division, Marat h o n Realty Company, is announced by S. E. Eagles, President. Pre- viously development manager with a major Canadian real estate investment company, Mr. Field joins Marathon with more [ban 15 years experience in the development, construction and operation of major real estate projects in Canada. Based in Calgary, he will be responsible for the development, operation and administration of Mara- thon's real estate holdings in Alberta, Saskatchewan and Manitoba. Potato Futures WINNIPEG Marl- time potato futures market was inactive Thursday. Open High Low Close Nov. 2.30A March 2.60A NET EARNINGS By THE CANADIAN PKESS Westcoast Transmission Co. Ltd., year ended March 31; 1970, 77 cents a share: 1969, 87 cents. STUDENT SUMMER EMPLOYMENT PROGRAMME If you have had little success in finding summer employment, why not investigate this opportunity to help yourself finan- cially and to serve Canada part time in company with a fine group of other young men. A requirement exists, in Southern Alberta, for approximately 200 male students to undergo seven weeks training with Canada's Militia. You will be paid at Militia rates of pay. You must be between the ages of 16 and 24, and medically fit to military standards. At the end of seven weeks you will have had summer employment and you will be offered opportunity to continue service with a local militia unit it you so desire Enrolment in the Militia will take place beginning 6 July 70. From now until then you must register at your local armoury to indicate your interest. Full details of train- ing to ba undertaken will be provided at thot time. Contact your local armoury on Tuesdays, Thursday! one! Fridays between a.m. and p.m., Tuesday, Thurs- day and Fridoy evenings between 8 p.m. and 10 p.m. to learn more about, and to register for, this employment. -in Calgary, Mewata Armoury, Sth Ave. and 11th S.W. Phone 263-5516 -in lethbridge, Kenyan Field Phone 327-2650 -in Medicine Hat, Patterson Armoury Phone 526-2636 ACT NOW! VACANCIES ARE LIMITED! SPECIALS! 1970 PARK ROYAL by COMMODORE 12' x 60' of Luxurious Living [3 Bedrooms Completely Furnished IjUlY SPECIAL ONLY 7995 NO TRADES PLEASE 1970 PARAMOUNT 11" X 66' 3 Bedrooms Completely Furnished ONLY 9995 USED 25-FT. TRAVEL TRAILER like New, Fully Self Contained, Kit Companion MID WEST MOBILE HOMES EAST ON HIGHWAY 3 PHONE 327-1986 OPEN 2-5 P.M. TOR SUNDAY BROWSING ;