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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 14, 1970, Lethbridge, Alberta Prices Winnipeg Grain Prices WINNIPEG (CP) July fta was having a heavy trade, 4% cents above the previous close level at mid-session of UK Winnipeg Grain Exchange today. Shippers were looking for supplies for shipment this month. There was a sharp decline in the July rapcseed future which was off two cents. Other rape-seed futures were up" three to four cents. Oats and barley were haviqg a light trade at steady prices and rye was having a Ugh) trade with prices fractionally lower. J Volume of trade Monday in-' eluded bushels of flax of rye and of rapeseed. Prices for class two wheal for export to countries outside IGA: 1 Nor 2 1.7014; 3 1.62; 4 1 Durum 2 3 1.58; 4 IGA prices-: 1 Nor 2 3 1.62; 4 1 Durum 2 3 1.58: 4 High Low Close Flax Jly 287% 282 287'A Oct 281 277V4 280% Nov 271 268 271 Dec 266 262'A 265V4 May 29614 267 268% Rapcseed Jly 286 276 281 Nflv 270% 269% Jan 261% 254% 261% Mai1 247% 251% 257% May 252Vs Oats Jly 75% 75% 75% Oct 76% 76% Dec 76% May V7% Jly 110 110% 110% Jly 110% 110% 110% Oct 113 113 113 Dec 113V4 113% 113% May 116 116 116 Kye Jly 85% Oct lOOV's 99% 100% Dec 101% 110% 101% May Vancouver, C (Supplied by Dohertj LASTS a.m. Quotes) WESTERN OILS Joulcl Atmlrtex 4.00 Kolscr Re Asmera 10.87'A Karn Kof Banff a. CO Lake Ont Can South 2.75 Newconcx Cdn Delhi 2.60 Pac Pete Cdn Exp Ges 3.10 Rank Ore Cdn Grlgol 5.90 Shell Inv Cdn Homo 5.90 Shell nv Cdn Ind Gai 7.50 Shell nv Cdn Long Is .62 Sicks Rar Cdn Super 23.25 West Cdn Cent De. Rio 8.95 White an Chieftan 6.85 CA Dome Pole 41.75 Acroll Dynam Pgle 1.17 Anac Pet French Pete 4.55 Barons 0 Gt Plains 18.00 North Co Mill city 1.23 Plains Pe Numac 4.60 West -Wa Permo J7 Leduc Ca Petrol 97. Madison Place Gas l.pi Qulnalta Ranger 8.00 PIPELI Scurry Rain 13.00 Alia Gas Spooner uo cdn W Na West Dec 3.65 inland Na MISCELLANEOUS M and C INDUSTRIALS fj jptl C Atco Ind pac Gas Aquatalne 17.25 Gar Metr Brit Nfld -j.QO Gaz Metr Cdn Brew B Tr Cdn Cdn Hyd Car 11.50' Tr Cdn P Cdn Pac Inv Tr Cdn P! CPR Pfd 8.37W Tr Cdn F Nest Ind 40.00 Westcoast Cygnus A 4.10 Western F Cygnus B 3.BO MUTU Gt Cdn Oil 3.80 All Cdn Gt Cdn Oil Sd 100.00 All Cdn C Home A 12.75 All Cdn Home B 14.50 Amr Gr Home, and Pit 2.05 Cdn Grow Hud Bay Co 13.25 Cdn Inves Hud Bay Oil 33.50 Col Mutu Hud Bay oil 51.00 Comn nt Hugh Rus Pfd 20.00 Comn Husky Oil Corp Inve Husky Oil War. 2.30 Dreyfus F Int Pro Pipe 8.00 N W Fin Int Util Pfd 23.25 N W Grov Int Steel 5.75 Gr Equity Jeff Lake 7.25 Gr In S TORONTO MIN Supplied by Richard LAST BI a.m. Quotes) a INDUSTRIALS Molson's B Alcan 21.00 Ajgoma Steel 12.37V4 Prjce Co Atco Ind fi.25 Romans Allan Sugar CDA Bell Tel 42.25 Brail Trac 12.25 cimn qPPr B.C. Tel 56.50 iSof Ca Bums 7.67W tpikirk A B.C. Forest 23.50 Texaco B.C. Sugar 15.8714 Traders "G CAE Ind 4.10 Trans Mtn Cdn Brew Trans Can Chemcell 4.75 Union Gas Col cellulose s.so OII Cal Power 20.75 Versatile fi Coron Credit 1.10 Westeel CWN Gas 10.00 En car Cdn Indust 8.50 Weston's a Canada S S 21.00' Woodward Cdn Marconi 3.30 Crtn Cdn Vkkers Zcnjth EIe Chrysler 18.H7W QUOTATIONS algary, Montreal Roadhousc and McCuaig) D OR SALE a.m. Quotes) a.m. Quotes) 1.17 Invosl Gr J.21 10. s 13.25 Invest Mutual 4.51 4. a 1.93 IDS Vent 2.V7 3 PI 5.05 Mutual Ac Fund 5.60 Mutual Gr f 3.54 3 19.00 Mutual In 4. an Nat 4.17 4. 24.75 Principal Gr ..3.11 3 fU 25.75 Regent F 6.91 7 Wj Royfund i.tt 4 ler 3.87'A United Ac 4 Sd 2.20 VANCOUVER Yuk. 13.00 Anuk LOARY Arctic Mining' Atlas Explor 1.04 Beth .Copper 12.75 Bornlle 24 Block Brothers 2.55 te .24 Brenda ,0.M ner .45 Brcnmsc a m B.C. Sugar 15.42 B.C. sugar Pfd 14.50 04V4 cap! Infer 2.85 NE STOCKS Churchill Copper 3.45 Tr L A 41.00 Croyden 28 1 Gas 15.00 Dolly Varden 34 t Gas Dynasty 6.55 11.00 Endako 11.62 B Pfd 24.50 Fort Reliance 49 Tr 11.37Vi Futurity 22 3.20 Giant Mascot 2.90 j Pfd A 55.25 cranlsle 12.00 Pipe 25.75 Key Industrie! .34 Ipe Pfd 35.50 Hy's 3.00 pe Pfd A 52.25 Interior Brew 4.25 pe War 6.60 Jericho 08 Tr 15.50 Kamloops Copper .09 aclflc 4.20 Kna Copper 16 AL FUNDS Lornex 7.00 Com 5.9B 6.54 Lytlon Minerals 2.10 Mvld 6.94 7.41 Madrona 34 Vent 2.98 3.26 New Cronln 07 Fund 4.09 4.49 New Inmp Mines 1.61 h 4.48 4.92 North Star Copper .55 F 3.87 4.25 Primer 18 1 4.74 5.23 pyramid 21 r 10.60 11.62 Silver Standard 1.46 2.62 2.87 T C Explor 35 4.59 5.09 Texmont 51 U.S. 9.46 10.37 Trolan 50 3.20 3.52 Western Mines 4.30 th 3.77 4.14 Westcoast Res .26 1.... 5.28 5.80 Western Explor .18 ares 2.64 2.89 Utlca 85 ES, INDUSTRIALS on Securities of Canada D OR SALE m. Quotes) a.m. Quotas) 13.50 Falconbrldgt 139.00 11.00 Frobex U p 17.12% First 1.15 p 6.50 Giant Y. K 7.75 _. .7.25 Gortdrum 3.20 8.75 Gunnar 1-10 26.75 Grandue 7.60 Headway 10.50 s 19.50 Hollinger 26.37' n 22.50 Hud Bay M and S 21.50 10.75 Hydra Ex 18 20.50 Highland Bell 2.75 3 A Iron Bay 2.45 Pp 15.00 ISO 1-45 Pp Jollel Quebec 21 12.75 Kerr Addison 10.00 .29 Key Anacon 46 Afg 2.55 Labrador 73.CO 8.75 Lake 3.-10 11.75 Leiicn 21.25 Langis Silver 07' s A 15.no Macassa 1-30 Sd Wladsen R L 85 c 1 20 Walarllc G F 75 INKS MsNeely 10.50 Mayburn 22 la 18.00 Maclnlyro 158.00 Meta 16' a 16.-50 Midrim 28 intern J.OO 17.50 New Athona 18 NE5 New Calumet 22 09W NEW Imp 1-61 sb 1.95 Noranda 26.37' 37 Northgata 10.00 1.90 Opemiska 12.25 n SB oslsko 30' Pailno 33.75 1.75 Pine Point 31.00 51 Placer DIV 33.25 12.75 P C Exp 72 5.05 Quebec Man 17 Rayrock 1.24 Radiore 31 t 2.30 'Rio Algom 17.62'A 1.30 Roman Corp 6.50 9.10 Silverflelds !.2Q ler .86 Sherritt Gordon 1B.87'A 14W Silver Miller 08 41 Steep Rock 3.00 10.75 Siscoe 1.81 Wines 1.54 Tek Corp 5.7S nes 24.50 Texmont 41 09 Upper Cdn Of monton, only a few minutes drive south of St. Albert. The chickens alone arc valued at and the Ravens also own three large laying buildings, with a fourth and even larger one under construction. The St. Albert man also is a believer in automation. Feed is mixed in an automatic feed mill and distributed by an electric feed "Since I got he snys, "I can look after birds as easily as Mr. Raven's philosophy of business and farming is simple. "Farmers have to get bigger and fewer to be practical and economical. There's no hope for the man with a few cows, pigs and 100 chickens. He'll never starve to death, but he'll never make a dollar either." Bir ST. ALBERT, Alta. The agricultural economis doubted if a penniless hirec hand could become a successf fanner, but Tony Raven h proven them wrong. Fifteen years ago Mr. Ravfii an immigrant from Englanc was earning a month o the Jeff Bocock dairy farm ne St. Albert. Today he is knm as tfte Birdman of St. Albe and owns a poultr; operation which grossed in 1969. It all started when Mr. Rav asked Mr. Bocock for the use an abandoned building on t just a small place whe be could raise a few chickens. "He said 'Sure, go ahead.' I started on my own with abo 50 chickens." Mr. Raven and his wife, Jim began selling eggs at night aft their farm chores were do and within one year the flock chickens had expanded to The Ravens needed mo money to enlarge their litt business, but the banks cons dered a farmhand a poor credi risk. Tha much-needed capita finally was obtained throug Mr. Bocock and the fledging o eration soon was able to slant on its own. MARKETING IS KEY Mr. Raven says marketing the key to his success. He ha never increased egg productio unless he was assured of mar kets. His major market now is chain of supermarkets in Not Muc In Early TORONTO (CP) The Toronto stock market moved frac tionally downward in light mic morning trading today. On index, industrials lost' .2: to 150.04, golds .07 to 152.94 an western oils .04 to 125.09. Bas metals gained .33 to 89.52. Volume by 11 a.m. was shares, up from at th same time Monday. Trading Monday was th lightest in more than 10 years. Losses outnumbered gains 7 to 57 with 122 issues unchanged Losses in most sectors wer a large gain was trust an fractional. The only sector with loans. Among declining issues, Fal conbridge was down 1% to 133 Kaiser Resources lk to 13, Abi tibi to White Pas and Yukon to 13, Alcan to 21 Stelco to 21 and Canadian Hydrocarbons V4 to UVt. MatUgami dropped 2% to 22V4, Lake Dufault to 16% Sherritt Va to 18% and CPff >A to DOWNWARD Meanwhile in Montreal Prices declined fractionally on the Montreal stock market today continuing the downward trera that began in late trading Monday. Over-all trading was light bul volumes among mining and oi issues was brisk. On the Canadian Stock Exchange, Marshall Boston Iron Mines jumped 13 cents to 1.08 on a morning volume of nearly shares. The stock was listed on the CSE last week as shares were issued. The company, based in Kirk-land Lake, Ont., owns mining claims in Boston and Otto Townships in Ontario. On the Montreal Stock Exchange, Husky Oil declined Vt to Husky announced Monday that in Husky Exploration Ltd. limited partnership units were sold in the U.S. A total of in. such units were offered. The offering is now closed. Highlighting advances were CPR, up to 51% and Inco, also up to Hudson's Bay Co. rose Va to Abitibi Pulp and Paper declined to Alcan Aluminum Vt. to 21, Massey-Ferguson Va to 8% and CAE Industries 25 cents to 4.00. Among banks, 'Royal Bank dropped VB to Unchanged were Bank of Commerce at 18, Bank of Montreal at 14% and Bank of Nova Scotia at On index, utilities were up .29 to 121.79. Banks declined .27 to 159.09, papers .18 to 83.81, industrials .16 to 149.68 and the composite .09 to 145.71. SLOW TRADK Meanwhile at New York mild profit taking exerted a downward influence today on the stock market as stock prices sank slightly lower in slow trading. At noon the Dow Jones average of 30 industrial stocks was off 0.89 at 701.33. Earlier it had been off more than 2 points. Declines led advances Trend Trade riwly but their lead was lr-creasing. Analysts called this consolida tion phase normal after th four-day rally which sent tlx Dow up more than 30 points Actually they said the profi taking was mild and the selling pressure quite light. Uncertainty over the Irene second-quarter earnings report would take also was causinf some investor hesitation, the) said. Canadian Pacific was up -V and both Alcan and Granbj Mining dropped Vt among Cana dian issues. Inco was off Vs. On the American exchange Canadian Javelin and Jupiter Corp. registered drops of Vs am Scurry Rainbow was down Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to a.m. 260 cattle. Receipts mostly choic butcher steers and heifers. Gooc and chice butcher steers msel ing good demand. Prices steady. Good and choice butche heifers also meeting good ds maud at steady to strong prices Cows scarce and selling a steady rates. There were no re placement cattle sold early. Steers: Choice 30.25-30.70 gocd 23-30; medium 27-28.50. Heifers: Choice 27.50-28.10 good 26.50-27.25; medium 25-26 Cows: 'Good 21-22; 20-21; canners and cutters 17-19.50. Butcher togs sold1 Monday f.o.b. Lethbridge 28.20-28.75 base price. Calgary Livestock CALGARY (CP) On offer to 11 a.m.: about head, mostly slaughter cattle of mixed quality. Trade was active. Slaughter steers were steady, with steers weighing under pounds selling under pressure. Heifers were barely steady with sales to 28.50. Cows were in short supply and sold at steady prices; Bulls were steady. Choice steers 30 to 30.60, good 29 to 29.75, medium 27.50 to 28.75; choice heifers 27.50 to 28.20, good 26.50 to 27.25, medium 25 to 26.25; good cows 21.25 to 22, medium 20 to 21, canners and cutters 18 to 20; good bulls 26.50 to 28.40. Replacement cattle were mostly fleshy steers weighing more than 750 pounds and selling at about steady prices. Good feeder steers over 750 pounds 29 to 31.50, under 750 pounds 33 to 35.40. There were no stock calves on offer early. Veal calves sold from 46 to 50.50. Hogs FOB Calgary to 11 a.m., base price 27.75 to 27.80, ccurrently 27.80. Portland Livestock PORTLAND, Ore. (AP) Receipts early sales slaughter cattle steady to 50 cents lower; most decline on cows some lower. Slaughters steers choice to Ibs 31.90 to 32.40; to Ibs 31 to 31.50; individual and small lots good 25.50 to 30; slaughter heifers small lots choice 900 Ibs 31.50; good 26 to 23.50; slaughter cows jtility 18.75 to 21.50; slaughter bulls commercial and good 26 to 29.75; individual 31. Feeder steers srr all lot choice about 750 Ibs 31.10, good and low choice 800 to Ibs 26.25 to 29. Gasoline Sales Brisk DETROIT (CP) Sales o lead-free gasoline, designed t reduce pollution in auto emis sions, have surprised officials o American Oil Co. which recently brought the gas on the market here. "Sales have been runnin about 12 per cent of total vol ume at these stations compara with our advance projection o 10 per said Joseph War ren Jr., manager for the corn lany's Great Lakes region. "We are pleasantly surpriseacts. Ford Mustang sales wer [own 48.5 per Figures Odds On Weather VANCOUVER (CP) What started out as a boon to British Columbia farmers could become an in-group aid to tipsters on the prime time for summer vacations. The agricultural engineering division of the provincial agriculture department has been feeding weather information into a computer to sort out the expected weather1 patterns. "Averages can be quite said division head Reg Miller in a recent interview. "Odds are the answer. "Half the time we get more than the average rainfall and half the time we get "The technique used in the survey is called playing the odds on dry weather, and is based on a computer program that analyses 30 years of records to determine the driest weeks of the summer." The obliging computer came up with the following for Vancouver-area vacationers: Stay home during the last two weeks of July, when the driest weather can be expected, and go awaj in September when the rainfal count will be high. The information breaks down for other areas of the province, primarily for the information of 'armors. For instance, in northerr areas of B.C. the driest anc wannest period will be in the ast week of August and lasting hrongh the second week of 20.25 Can Impe Cons Bath 17.8716 Montreal Cons Gas 15.62'A Nova Scot Dist Sea 45.0Q1 Pcypi Dom Bridge Tor-Dom Domtar 12.75 M Dom Textile 10.25 Acme Dom Stores 12.00 Advocate fi Dome Pete 43.50 Akaitcho Fam Play 8.75 Area Mines Fd of Amer 42.00 Belcher Ire Gt Cdn Oil 3.80 Black Bay Gen Motors Bralorne Gt Lakes Pap 17.50 Brnulan Gulf OII Cda 14.25 Beth Hawker Sid 1.75 Brunswick Huron, Erie 15.75 Cdn Tung Hiram Walk Casslar Imperial Oil 15.00 Central Pa Imperial Tob 13.75 Chimo Int Nickel 3R.12V-, Conwest Int Pipe 20.25 Cons Ramt Inv Go A .v 6.12'A Coin Lake Int Utilities 2L50 Cochenour Indust Accept 13.25 Cralgmont Laurentide '3.80 Dtckenson Kelly Doug A 5.fi2Vi Denison M Loeb 4.20 Deer Plant Makes Pipe CHATHAM, Ont. (CP) Stores 16.00 Dome Mine 'Massey Ferg S.AVA Donalda McMillan Bloe 53.75 Discovery t Moore Corp 23.75 East Malar Molson's A 13.00 East Sulli NEW YOR Supplied by Richardsc Arnr T and T AJ.37V2 Montgomerv Anaconda Sears 54.50 Wright Hargreaves 1.32 Windfall 70.50 tic 1.45 Yellowknlfe Bear 4.10 an 5.70 Zenmac 12 .K STOCKS n. Securities of Canada Ward 40.75 !0 Golds 152.30 off .71 57.50 10 Base Met 89.50 un .31 56.25 15 W Oils 125.09 off .04 Volume 26.72V3NEW YORK Value MONTREAL (CP) The J.S. dollar in terms of Canadian unds was down 1-16 at 13-32. Pound sterling was down 5-16 to NEW YORK (CP) Canadian dollar up 1-16 at 96 45-64 in firms of U.S. funds. Pound sterling down 41-64 at Agency For Grain Pushes Sales WINNIPEG (CP) XCAN Grain Ltd. Monday began operating as a grain sales Ltd. has announcet has begun installing equipment to manufacture corrugated polythylene pipe at its Calgary plant. Neil M- Shaw, Daymond pres-dent, said the company hopes o begin production next month and plans are for an initia apacity of about linea eet annually. The pipe, used in agriculture and construction, is usually pro-uced in 250-foot lengths, Mr. Shaw said. A 250-foot coi weighs about 70 Poultry Prices Listed EDMONTON (CP) Week-y egg and poultry report issued by the Alberta department of agriculture: Eggs: To producers: A large 36; A medium 29; A small 16-17; B 12; C 8; cracks 10. To retailers: A large 47-48; A medium A small 27-28; 5 25; C 23-24; cracks 23-24. Two cents extra in 'o consumers (in A arge 51-52; A medium 44-46; A small 31-35. Poultry: To producers: 'Live f the College, mployment negotiable. by August 15 to: GOVERNORS, E, CHAIRMAN, ERTA Threaten Futures WINNIPEG (CP) The Mari-ime potato futures market had me trade Monday eight cents >elow the previous close. Open High Low Close Friday fov. 2.30A 2.30A larch 2.55 2.55 2.53 2.55B Mines Shut Down MULLENS, W. Va. (AP) At least 11 West Virginia soft coal mines were shut down Monday as. a result of picket lines set up by a dissident pensioners group in defiance of a federal court restraining order. The United Mine Workers Union asked its members to ignore the picket lines and report to work. But workers in mines which employ about men "ailed to enter shafts in Wyoming County in the southern of the state at the midnight shift. The picketing pensioners seek reform of the union's pension iind, expanded hospital care for disabled miners and widows, ind a general liberalization of renefits. The work stoppage came as 85 per cent of United States coal miners were due back from heir annual two-week Smitty's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridge to be open about October, 1970. Cash required approximately Capital investment returned in approximately four years. For further information pleise write or phono SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CALGARY, Alberta. 263-5683 says that if Ottawa rep-esentatives cannot give Al-rerta Indians proper answers o their questions about educa-on at a meeting here today, hey will "send them packing" nd hold a sit-in until they get atisfaction. Indians from throughout Alberta are meeting with representatives from the Indian af-airs department in Ottawa oday at St. Paul, 100 miles ortlieast of Edmonton. John Perehinec of the Indian ssociation of Alberta said the meeting was called to discuss ndian participation in the oper-tion of native schools. It was called in response to complaints rom Indians in the Saddle Lake-thabasca areas in Prices EDMONTON (CP) Closing prices Monday provided by the Uberta Hog Producers Marketing Board: Edmonton: Quoted 27.75-28.30. verage Monday 27.70. Red Deer: Quoted 27.50-27.85. verage 27.67. Calgary: Quoted 27.55-28.05. verage 27.90. Lelhbridge: Quoted A-Bomb SYDNEY, Australia (Reuters) Australia has no intention of making nuclear weapons, Sir Philip Baxter, chairman of the Australian Atomic Energy Commission, said Monday. He said a iiiclear power station at Jervis, 25 miles south of here, has no-Jung to do with Quoted J7.75 as gh, low and average. Grande Prairie: No sales. Total hogs mid average .73. Total sows sold 79, sell-ng 18.25-18.75, average MR. B. D. 4UO 121 STREET EDMONTON, ;