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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 10, 1970, Lethbridge, Alberta FrMcy, July 10, 1970 THE LETHBKIU6I HERALD IS Market Mixed In Early Trade TORONTO (CP) The To- to Cassiar to 20 and ronto stock market was mixed Siebens 40 cents to in light mid-morning trading today. On index, industrials dropped ,24 to 150.47. Golds gained .66 to 154.09, base metals .29 to 89.10 and western oils 1.01 to 126.13. Volume by 11 a.m. was shares, down from at the same time Thurs- day. Gains outnumbered losses 93 to 62 with 129 issues unchanged. Largest gains were in bank, oil refining and real estate sec- tors. Shell Canada was up to Canadian Industrial Gas to Huron and Erie Vt to 16, Mclntyre 1% to Northgate Coca Cola Finn On The Carpet WASHINGTON (AP) The federal trade commission, in a step expected to precipitate a long legal battle, has proposed that the Coca Cola Co. pay to each contestant the FTC feels should have been a winner in the company's "Big Name Bingo" promotion last year. Millions of dollars could be in- volved, but the proposed con- sent order would take effect only if agreed to by Coca Cola and Glendinning Companies Inc., the promotional games firm that invented Big Name Bingo. In the order, the FTC said the firms should cease and desist from "wrongfully withholding the earned prize of from contest entrants who submitted entry cards which were com- plete and correct under a fea- wnable interpretation of the published contest rules." Should the firms contest the proposed order, the matter will be heard by a commission ex- aminer and ruled upon by the five-member commission. The commission's decision may be appealed to the courts. CITES HIDDEN RULE On July l, the FTC issued a proposed complaint against the firms along with the proposed consent order, accusing the firms of invoking a hidden rule that prevented a "substantial" portion of the contest entrants from winning the prizes. Prizes actually were awarded to 831 persons. The FTC said (he game prom- ised a prize to each entrant who correctly matched pictures of famous persons found on cork liners of Coke and Tab bottle caps with a card printed with 10 spaces in which accomplish- ments of the famous persons were written. The FTC said Coca Cola and Glendinning failed to disclose to the public, that at least some of the 10 spaces required more than one answer. Cominco lost to IOS Ltd. 30 cents to and Gaz Metropolitan 30 cents to ENDS RALLY Meanwhile in Montreal prices turned mixed early today on the Montreal stock market inter- rupting a two-day rally. Trading was light. Shell Canada gained1 to The company said it has plugged its sixth exploratory well off the coast of Nova Scotia after "encountering oil and gas shows." Petrofina Canada, climbed Vk to Aquitaine declined Vs to 17. Grain Prices Winnipeg Grain Prirai WINNIPEG (CP) The en- tire market v.-ss aimost at a standstill with all prices except rapeseed moving only fraction- ally at mid-session on the Win- nipeg Grain Exchange today. Bapesecd futures were on a lower price trend but trading was practically nil. One com- mission house was doing some buying. Flax had a light tirade with a little traders were not bidding up the prices. Oats, barley and rye were being neglected most of the morning. The volume of tirade Thursday included bushels of flax, of rye and of rapeseed. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 3 1.B2V6; 4 1 Durum 1.71; 2 1.68; 3 1.5814; 4 IGA prices: 1 Nor 2 3 4 1 Durum 1.71; 2 1.68; 3 4 High Low Close MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Hosdhouse and McCuaig) LAST BID OR SALE a.m. Quotes) t.m. Quotes) WESTERN OILS Jefferson Lskt. 7.SO Almlntx 4M Joulel 1.19 .70 1150 9.00 t.m 43.00 1.14 17.50 1.14 .61 1.00 1.05 MacMillan Bloedel advanced to 2314 and Moore Corp. to Versafood declined 1 to 7, Walker-Gooderfjam to Cominco to 20% and IOS Ltd. 45 cents to 2.50. Combined volume on the Montreal and Canadian stock exchanges was shares at 11 a.m. compared with at the same time Thursday. On index, industrials were off .26 to 150.31, banks .40 to 160.61 and the composite .19 to 146.33. Utilities were up .13 to 121.86 and papers .28 to 82.35. Wall St Noon NEW YORK (AP) _ Stock market prices were modestly higher early this afternoon in slow trading. At noon the Dow Jones aver- age of 30 industrials was up 2.94 at 695.71. Advances outnum- >ered declines by nearly 2 to 1. Rubber issues, electronics and lirlines were off. Aircrafts, util- ities, chemicals, and rails were higher. Prices included Continental Ofl, off to General Elec- tric, up I'A to and Xerox, off 1 to Mclntyre Porcupine led Cana- dian issues, up 1. Massey and Fla% Jly Oct Nov Dec May Rapeseec Jly- Nov Jan Mar May Oats Jly Oct Dec --..uu. May Barley Jiy Oct Dec 177% 176% 177% 273% 272% 273 265 264% 285 259% 259'A 259Vi ------263 287 285 286 263% 261 262 254% 252% 248% 248% 247 240 246 75% 76% 76% 77% Asmera Banll Can South Cdn Ex Gal Cdn Grlgol Cdn Homestd Cdn Ind Sal Oil Cdn Long Is Cdn Super Ccn Dal Rio Chlallan Dome Pett Dynamic Pelt French Pali Gt Plaint Mill city Numac....... Perrno....... Petrol Pinnacle Place Gas Ponder Ranger t.ffl Scurry Rain 13.50 Spooner 1.32 West Decalta 3.80 MISCELLANEOUS INBUSTRIALS Aquatalne 17.23 Brit Nfld 4.00 Cdn Brew A Pfd 29.00 Cdn Hydro Car 10.75 Cdn Pac In Pfd. 21.75 CPR Pfd Crows Nest Ind Cyghus A Cygnus B 4.00 Gt Cdn Oil S 3.BO Gt Cdn Oil S8-7S 100.00 Horns A 13.00 Home B u.w Home Pltfld Hud Bay Co Hud Bay oil Hud Bay Oil Pfd Hugh Russ Pfd Husky oil Husky Oil War Inter Pro Pipe Inte Utll Pfd Inter steel Pipe Kaiser Res Katn Kotla L Ont Port Cem Mentor....... Newconex Pacltlc Pole Org Selk Hold Shell Inv Shell Inv Pfd Shell Inv WIs Sicks Ranter Wrat Cdn Seed White and Yuk CALGARY 13.M 1.97 2.00 .5! 5.50 19.55 12.25 11.50 26.75 3.57 3.93 3.93 4.32 e.13 3.34 3.69 6.89 7.53 4.49 4.63 3.9S 4'.37 Ana Pete Barons Oil North Cont Plains Pete West Warner Leduc Calmar Madison Qulnalfa PIPELINE STOCKS Alia Gas Tr L A 40.50 Alta Gas Tr L Pfd 68.50 Cdn W Nat Gas 15.00 Inland Nat Gas 8.75 a.m. quoin) Gr In Shares 2.U Invest Gr 9.1610.01 Invest Mutual IOS Vent Mutual Ac F 4.03 4.43 Mutual Gr r Mutual In Nat Res Principal Gr Regent Fund ____ Royfund ___ United Ac 11.00 Universal Sav 5.55 3.87'A VANCOUVER 13.00' Arctic Mining.....18 Atlas Explor 1.08 .M Beth Copper 13.25 Bornlte RIdgt.....24 .OS'A Block Brolntri 2.65 .03 Brenda 9.75 .23 Brenmac.......48 .45 B.C. Sugar......15.7S .05 B.C. sugar Pfd 15.00 J8 capt infer 3.00 .tMVi Churchill Copper 3.40 For Ind 6.25 Croyden Dolly Varden Dynasty Endako N and C 10.4214 Futurity N and C B Pfd Giant Mascot .37 8.90 .2] 2.95 12.25 .35 4.25 Gar Metro 3.30 Granlsle Tr Cdn Pipe 25.8714 Key Industries _ Tr Cdn Pipe Ptd 36.00 Interior Brew Tr Cdn P Pfd A 52.00 Jericho .08V 40.00 Tr Cdn Pipe War 6.65 Kamloops Copper .09 Was coast Tr 15.50 Kaza Copper .16 Western Pacific 4.20 Lornex 725 MUTUAL FUNDS Lytton Minerals 2.15 AGF Special.. 1.99 Madrona.......32 All Cdn Com 5.95 4.50 New Cronln 30 A" Cdn Dlvld 6.93 7.57 New Imp Mines 1.75 2.05 All Cdn Vent 2.97 3.25 North Star Copper .55 13.1214 Amr Gr Fund 4.05 4.4S Primer 19 33.50 Cdn Growth 4.41 4.90 sliver 1.55 51.00 Cmnw Inter 10.54 11.55 T C Explor 34 20.00 Cmnw Lev 2.58 2.83 Texmonf.........43 8.1214 Corp Invest 4.55 4.98 Trojan 52 2.20 Dreyfus F U.S. 9.43 10.33 Western Mlnea 4.40 7.90 N W Fin 3.19 .1.51 Westcoast Res 25 23.00 Growth 3.74 4.11 Western Explor .19 Growth Equty 5.23 5.74 Utlca 85 Loop-Line For Alberta Gas Trunk Undertaken By Marine Pipeline Ltd. By VERN DECOUX Crowmest Pass Bureau BLAIRMORE Marine Pipeline Ltd. of Calgary arrived in Blairmore July 9 to begin work on laying a 42-inch loop- line for Alberta Gas Trunk. Don McKenoa is project erintendent. The 42 inch loop-line will run parallel and south of the Alberta Gas Trunk 36 inch line that was laid several years ago. The local project, 13 miles In length, begins at the monitor station at Sentinel and proceeds east of the Livingstone Range to a point in the Burmls area. The project will employ be- tween 250 and 300 men during various stages of the operation. It is expected the work on the Livestock 5.50 Genstar rose Vs. Inco dropped as did Cana- dian Pacific. Alcan was down Vt and Hudson Bay Mining On the American Exchange, Brascan and Preston were up Canadian Javelin' Cana- dian Marconi dropped Man Impaled In Chest May Rye Jly Oct Dec May 110% 110% 110% 113 112% 113 113 113fe 11314 116V4 9614 96 96V8 100% lOOVs 100% ----------------104% Toronto Crash Victims' Kin File Suit TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OB SALE Quotes) a.m. auotesl INDUSTRIALS North, Cent 7.3714 Pembina Pp 21.50 Power Corp 12.50 Price Co 8.1214 Rothmans...... Shell CDA 41.50 Simpson's 12.37'A Simp Sears 56.50 Steel of Can 7.62V4 Selkirk A 23.00 Texaco 15.75 Traders Gp A 3.80 Trans Mln Pp 6.50 Trasn Can Pp 4.85 Union Gas 5.50 Union Oil 20.75 Versatile Mfg 1.10 Westeel 10.00 Union Car 9.00 Weston's B 20.50 Woodward's A 3.25 West Cdn Sd 4.75 Zenith Elec 1BJ7V4 BANKS Dollar Value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds up 1-32 to 17-32. Pound sterling up 3-16 to NEW YORK (CP) Cana- dian dollar down 1-64 at 96 39-64 in terms of U.S. funds. Pound sterling up 1-32 at 9-64. CALGARY (OP) A north- ern Albera man, impaled through the chsst by a steel rod, was described by police as in "very critical condition" to- day in hospital. The unidentified man was in the cab of a half-ton camper truck which struck a bridge crossing the. Waiporous River, about 50 miles northwest of the city. It took more than six hours to free him from the wreckage. The rod through his chest and another through his leg vrere still in the man when he was placed in an ambulance this morning. Police said he was still con- scious and able to talk. LOS ANGELES (AP) Par- ents of two sons killed in the Air Canada jet crash near Toronto last Sunday filed a wrongful death suit Thursday against the airline. Dominick and Julia Molino of Montreal alleged negligence and misconduct on the part of Air Canada in the deaths of sons Anthony and Michael. Joining them as plaintiffs were Antho- ny's widow Maria and daughter Antoinetta who live in Los An- geles. The suit said Anthony was bringing Michael, 14, to South- ern California when the Los An- getes-bound jet crashed, killing 108 persons. Alcan..... Algoma steel Atco Ind Atlan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power. coron Credit CWN Gas Cdn Indust Canada S 5 Cdn Marconi Cdn Vickers Chrysler CPR....... Cominco Cons Bath Cons Gas Dili Sea Dom Bridge Domtar Dom Textile Dom Stares Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pp Gulf Oil Cda Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utltlles Indust Accept Laurentlde Kelly Doug A Loeb....... Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molson's A Molson's B a.m. Quote.) 10.75 Frobex .......28! 17.12V4 First Marltlmei ..1.15 4.25 Giant Y K 7.75 7.12'A Gortdrum 9.00 Gunnar 1.14 26.00 Grandue 7.90 14.75 Headway R L 10.00 19.35 Hollinger 28.00 Hud Bay M and S 21.3714 10.75" 20.75 8 75 15.00 25.75 Hydra Ex Highland Bel! Iron Bay ISO Joliet Quebec .18'A 2.80 2.50 l.ffl .21 9.75 .41 27.50 3.40 Lethbridge Livestock Friday sales of stacker and feeder cattle will be underway it 1 p.m. Butcher hogs sold Thursday f.o.b, Lethbridge 29.25 with 237 hogs being sold for export. Base price converted to 23.50 liveweight. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 250 head; mostly replacement cattle of mixed quality. Trade was mod- erate. Slaughter cattle sold steady with prices Thursday, quality considered. Good to low choice slaughter steers 29 to 30.30, medium 27.50 to 28.75. Good to low choice tellers 26.50 to 27.90, medium 25 to 26.25. Medium to good cows 20.25 to. 21.70, can- new and cutters 18 to 20. Good bulls 28.50 to 28.30. Replacement cattle were mostly fleshy steers and hei- 52.00 Can Imperial 20.50 Montreal 11.25 Nova Scotia 15.75 Royal 44.12'A Tnr-Dom 12.87V2 Kerr Addlson 28.00 Key Anacon 2.55 Labrador B.Z5 Lake Shore...... 11.25 Leltch 1.52 21.00 Langls Sliver.....07V 15.12V4 Macassa........ 1.30 2.10 Madsen R L.....87 2.25 Malartic G F.....75 Martin McNeely 11.50 18.25 Mayburn.........22 U87V4 Maclntyre 159.00 15.75 Meta -14 20.62V4 Mldrli 13.00 12.50 8.75 12.00 43.50 9.75 42.00 3.80 City Clerk's Office at 321-3341 KEN A. ffAMAN, Acting City Begs Bandit To Release Daughter LANSING, Mich.. (AP) Max Murningham, former mayor of Lansing, went on tele- vision Thursday night to beg a bandit to release his teen-age daughter, taken hostage during a gift-store robbery. In the robbery, shop owner Christine E. Gallagher was hit over the head with a pistol. Laurie Murningham, 16, was taken "Thursday from the gift shop where she was a part-time employee. Murningham, mayor from 1965 to 1969, issued a plea over WJIM-TV to the person or per- sons holding his daughter "to release her or call WJIM news telling them she is safe or where she can be picked up." DENY GOLD FIND ACCRA (Reuters) The In- formation ministry said Thurs- day a Ghana news agency re- port on the discovery of "rich gold deposits" 'at Bibiani, west- ern Ghana, was "incorrect and without foundation." NEW YORK STOCKS Supplied by Richardson, Securities of Canada Company Moves Office From Red Deer EDMONTON (CP) Canadi- an Superior Oil Ltd. said Thursday it will close its Red Deer field office and move its entire Canadian field operation to Edmonton. D. L. Bohannan, vice presi- dent in charge of production, said the move would involve 14 to 15 families and was being made to facilitate northern op- erations. All geological and engineer- ing work wiU still be handled from Calgary where the com- pany has its headquarters. No date was given for the move from Red Deer. fers selling to a good local de- mand at steady prices. Insuffi- cient light feeder steers of. fered to establish a market. Good feeder steers more than 750 pounds 29 to 31.70. Good feeder heifers over 650 pounds 26.50 to 28.30, less than 650 pounds 29 to 31.10. Insufficient stock or slaugh- ter calves to establish a mar- ket. Hogs base price 28.90. Amr T and T Bth Sleil Chrysler............_ Comsat 35.00 General Motors 65.25 Gulf............23.00 Int Harvester 22.7S Kenn Copper -.41.25 Montgomery Ward 39.75 44.00 Sears 20 Golds 153.0S off 37 23.00 Std Oil of N.J. 55.B7K, 10 Base Met W.JiI up .41 Texas Gulf......114.62'A 15 W Oils up 1.32 Texas Co........ Volume 731.WO Woolworth 29.75 NEW YORK AVIHA8ES Westlnghouse Elec 63.25 30 Indust 697.91 up 5.14 U.S. Steel...... 31.25 !0 Rails 123.12 Up 1.20 Tnpnurn BVEDII-BC 15 Utilities 103.30 up .79 TORONTO AVERASES 6S stocks 20 Indust 150.J7 off .04 Volume New Auto Safety Blanket System Protects Occupants Seattle Police Force Shaken SEATTLE CAP) A federal court jury found former assis- tant Seattle police chief M. Cook guilty of perjury Thurs- day on charges that he lied to a grand jury about knowledge of a police payoff and shake- down system. The 12-day trial shook the Seattle police department as a procession of officers, tavern owners and bartenders testified to a payoff system under which officers may have received a year for 30 years. Agencies To Protect Environment WASHINGTON (AP) Presi- dent Nixon has signed reor- ganization plans to place envi- ronment protection and man- agement under two new agen- cies. The plans, to take effect un- less the United States Congress vetoes them, would create an independent environmental prot- ection agency charged with the fight against all forms of envi- ronmental pollution, and a na- tional oceanic and atmospheric administration within the com- merce department. The White House said the pro- posed anti-pollution agency would have an estimated budget of and em- ployees. The oceanic and atmospheric administration, although larger with some employees, would have an estimated 1971 budget of some The reorganization would cut .deeply into the functions of the interior department, and to a lesser extent into the functions of the department of health, ed- ucation and welfare. local 42 Inch line will rm- pletcd this fall. Marine Pipeline also has tfM contract for laying a 42-bch line at Longview, Okotoks and Cremona for a total of 70 miles including the local project. Wheat Cut Program To Cost Less EDMONTON (CP) Paul Babey, president of the member Unifarm organization in Alberta, said here the federal wheat reduction program will cost about less than anticipated. He said in an interview the total cost probably win be about rafter than an estimated as fore- cast. Mr. Babey said weather and economics conditions had forc- ed marked reduction in wheat seeding programs. Under the federal plan, farm- ers are paid for keeping out of production land they planned to seed to wheat this year. Pay- ment ranges up to an acre and to a maximum of acres. Beef Futures WINNIPEG (CP) Contract signings were few and trading dull at the Winnipeg live beef market Thursday. Open High Close Wed. July 31.25N 31.25 Sept. 30.00 30.00B 30.65 Nov. 29.50N 29.50N Jan. 29.00 39.00B 29.00B Potato Prices WINNIPEG (CP) The Man- times potato futures nrnirket had only one trade Thursday. Open High Low Close Wed. Nov. 2.30A 2.30A Mar. 2.63 2.63A 2.60A ASPHALT PAVING TOLLESTRUP SAND and GRAVEl Construction Co. Ltd. PHONE '328-2702 327-3610 DETROIT (AP) Fire- stone Tire and Rubber Co says it has developed a new auto safety blanket released a split second after a collision to protect occupants of a car from being thrown out. Firestone officials demon- strated the blanket Wednes- day, calling it the firm's an- swer to a new federal safety standard being considered for 1973 autos. The system, under development for two years, is still being worked on. It will cost less than officials said, asserting that the blanket is a more effec- tive safety device than air bags which also are being considered as mandatory safety equipment. In s collision, Firestone said, the automatic system would deploy the blanket from a concealed compartment near the floor, covering the occupants up to the chest Smitty's Pancake House Franchise Available Excellent location In Marathon Dovelopment in Cily of Lethbridge to be open about Octo- ber, 1970. Cash required approximately Capital Investment returned In ap- proximately four years. For furthtr Information or phoni SMITTY'S PANCAKE HOUSES LTD. 709 6th S.W., CA10ARY, Alberta. 263-5613 (403) within one-thirtieth of sec- ond. As demonstrated, the system restrained three SOO- pound persons sitting in die back seat of an auto during a simulated' 40-raile-an-hour head-on collision. Firestone officials said the system is equally adaptable for use in the front seat, and that when it is activited, it does not interfere with driver vision or control. DIVIDENDS By THE CANADIAN PRESS Federal Grain Ltd., 10 cents, Aug. 1, record July 17. Hog Prices EDMONTON (CP) Hog prices today provided by the Alberta Hog Producers Mar- keting Board; Edmonton: Quoted 28.80 to 28.80, selling 28.80. Average Thursday 28.14. Red Deer: Quoted 28.50, sell- Ing 28.50, Average Thursday 27.83. Calgary: Quoted 28.85 to 1.90, selling 28.90. Average Thursday 28.13. Lethbridge: No sales to 11 a.m. Average Thursday 29.17. Sows: 1940, Hogs sold to 11 a.m. 201. Hogs sold Thursday provincial average 28.14. TRAILER SALES BEE-JAY Summer Spectacular '550 On TUVEUmE ind TRIPLE T TRAILERS BEE-JAY SAVINGS UP TO.... TRAILER SALES Corner 4th StrMt and 3rd toutfi Phone OPEN Till 9 WEEKDAYS OUR BREWMASTER NASA BLACK BELT. Wpto TOKYO, MtTtUI AND COMPANY (CANADA) LIMITED, EDMONTON, ALBERTA ;