Lethbridge Herald, The (Newspaper) - July 15, 1970, Lethbridge, Alberta
Market Moves Toward Strength TORONTO (CP) The To- ronto stock market was mixed to fractionally lower in light mid-morning trading today. On index, industrials lost .13 to 150.15 and western oils .30 to 123.86. Golds advanced 1.16 to 152.99 and base metals .05 to 89.26. Volume by 11 a.m. was shares, up from at the same time Tuesday. Gains edged losses 65 to 61 with 124 issues unchanged. Largest losses were in paper and forest and pipeline sectors. Among declining stocks, MacMillan Bloedel was down 1% to International Utili- ties to Microsystems Vi to Inter-Provincial Pipe- lines Vt to 20% and Mattagami Canadian Western Natural Gas gained 1 to 15, Seagrams to Rio Algom to 18 and Late Dufault to Glengair Group, listed on the exchange this morning, was un- traded at bid, asked. HEAVY TRADE Meanwhile in Montreal, led by G-edit Lines Arranged TORONTO (CP) Chrysler Credit Canada Ltd., an Ontario- uicorpofated subsidiary of Chrysler Finance Corp. of De- troit, announced Tuesday it has arranged credit lines of up to with the five major Canadian chartered banks. The credit line accommoda- tions will cover more than 100 per cent of the total debt, in- cluding issued commerical paper, of Chrysler Credit Can- ads Ltd., the announcement said. The credit to lend money if been arranged with the Royal Bank of Canada, Canadian Im- perial Sank of Commerce, Bank of Montreal, Bank of Nova Sco- tia and the Toronto Dominion Bank. banks, the Montreal stock mar- ket edged upwards in heavy trading today, reversing a downward trend that began last Friday. The rebound by banks, up more than one point in morning trading was partly offset by paper issues which declined al- most two points. Royal Trust led the rally by banks with a gain of to Royal Bank was up to 20Vz, Bank of Commerce at 18, Bank of Montreal at 15 and Provincial Bank of Canada at 10. Among paper issues Mac- Millan-Bloedel fell 1% to 22% while Abitibi Pulp and Paper rose VB to Noranda rose to 2614 and Inco Vs to 38% while Interna- tional Utilities slipped to Walker-Gooderham to 40% and IOS Ltd. 20 cents to 2.05. On index, banks rose 1.38 to 159.56, the composite .16 to 146.03, and industrials .07 to 150.06. Papers dropped 1.97 to 81.68 and utilities .10 to 121.78. START RISE NEW YORK (AP) Stock market prices began rising in light trading today after drifting fractionally off in earlier trad- ing. At noon the Dow Jones aver- age of 30 industrial stocks was up 4.04 at 707.08. Steels, mail order-retail, elec- tronics and chemicals were mixed. Rubber issues were unchanged and rails were off. All other categories were up. Prices included International Telephone and Telegraph pre- fered, off 2% at and Na- tional Cash Register, off at 37. Among Canadian issues, Inco and Distillers Seagram rose VB, Canadian Pacific Vt and Alcan Vs. The big loser was Mclntyre Porcupine, off Walker Gooderham dropped and Genstar Vs. On the American Exchange, Brasean and Canadian Javelin picked up Va and. Scurry Rain- bow lost STRINGAM DENECKY BAINES Announce that as of July 1, 1970 DONALD C. HETLAND If associated with them In partnership in the general practice of law under firm name of Stringam, Denecky, Baines Hetland BARRISTERS AND SOLICITORS 309 Canada Trust Building Lethbridge, Alberta Telephone 328.5576 BRANCH OFFICES: CARDSTON AND TABER Smitty's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridge to be open about Octo- ber, 1970. Cosh required approximately Capital investment returned in ap- proximately four years. Far further information write or phone SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CALGARY, Alberta. 263-5683 (403) Livestock Market Report Lethbridge Livestock On offer to 11 a.m. 268 cat- tle. Receipts mostly slaughter and replacement steers and heifers. Trade moderately ac- tive. All classes of butcher steers and heifers meeting pressure. Prices 50 cents lower. No butcher cows sold early. Medium and good heavy feeder steers and heifers meeting a good demand from local buy- ers. Prices1 steady to strong. Choice steers 29.75 to 30.30; good 28.50 to 29.50; medium 26.50 to 28. Choice hellers 27 to 27.58; good 26 Ui 26.75; medium 24.50 to 25.50. Good heavy feeder steers 800 to Ibs. 30.50 to 31.50; med- ium 27.50 to 29.50. Good feeder heifers 24.50 to 29.10. Butcher hogs sold Tuesday f.o.b. Lsthbridge 28.10 to 28.75 base price. Export 134 hogs at 22.50 to 23.10 liveweight. Calgary Livestock CLAGARY (CP) On offer to 11 a.m.: about head, mostly slaughter steers and heifers of mixed quality. Trade was active with a good local and1 out-of-the-province de- niand. Slaughter steers and heifers sold barely steady. Cow trade MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhmise and McCuaig) a.m. Quotes} LAST BID OR SALE a.m. Quotes) a.m. Quoies) WESTERN OILS Almlnex Asmera Banff Can South Cdn Exp Gas Cdn Grigol Cdn Home Cdn Ind Gas Cdn Super Cent Del Rio Charter Chieftan Dome Pete Dynani Pete French Pefe Gt Plains Mill City Numac Permo Petrol Pinnacle Place Gas Ranger1 Scurry Rain Spooner B.P. Gas West Dec Jeff Joute I...... Kaiser Res 8.15 Kam Kolla 2.75 Lake Ont Pt 3.10 Newconex 5.90 Pac Pete 5.75 Rank Organ 7.62VJ Selkirk Hold 23.50 Shell inv Shell Inv Pfd Shell Inv Wts Sicks Ranier West Cdn Sd While and Yuk CALGARY Acroll Anac Pete Barons Oil Norlh Conf Plains Pete West Warn Leduc Calm Madison Quinalta 7.37VJ Gr In Shares ?.00 6.55 6.85 42.00 1.10 4.70 18.55 1.23 Invest Gr Invest Mutual IDS Vent Mutual Ac F Mutual Gr F Mutual In Nat Res..... Principal Gr Regent Fund 26.62V2 Royfund 11.75 United Ac 1.17 13.00 1.92 2.05 5.50 19.00 12.25 11.50 27.25 2.20 13.00 VANCOUVER 2.63 5.BB 9.21 10.07 4.49 4.92 2.97 3.25 4 04 4.44 3.54 3.B9 3.95 4.34 6.13 6.76 3.36 3.69 i.90 7.54 4.46 4.62 3.98 4.37 .67 1.00 .75 1.02 8.25 13.50 1.30 3.45 3.65 17.25 3.95 33.00 11.25 21.25 MISCELLANEOUS INDUSTRIALS Atco Ind 6.50 Aquatoine Brit Nfld Cdn Brew B Cdn Hyd Car Cdn Pac Inv CPR Pfd Crows Nt Ind Cygnus A Cygnus B Gt Cdn Oil Home A Home B..... Home and Pit. Hud Bay Co Hud Bay Oil Hud Bay Oil Hugh Rus Pfd. Husky OH Husky OH B Int Pro Pine Int Util Pfd Int Steel Anuk Arctic Mining Atlas Explor .83 Beth Copper .07 Bornite Ridge .06 Block Brothers Brenda ,20 Brenmac....... A3 B.C. Sugar 05 B.C. Sugar Pfd 18 Capt International 2.80 MK Churchill Copper 3.45 PIPELINE STOCKS Crestbrook For 1 6.75 Alia Gas Tr L A 41.00 Croyden .......28 Alts Gas Tr L Pfd 69.00 Dolly Varden -37 Inland Nat Gas Dynasty 6.60 N and C 10.75 Endako 11.50 M and C B Pfd 24.50 Futurity.........21 Gaz Metro .....3.50 Giant Mascot .90 12.75 .27 2.70 9.75 .48 16.00 14.25 Tr Cdn Pipe 25.50 Tr Cdn Pipe Pfd 35.00 Tr Cdn Pipe P A 52.25 Tr Cdn Pipe War 6.40 ti.w Wastcoasl Tr 16-00 Western Pacific 4.05 40.00 Key Hy's 3.00 Interior Brew 4.25 Jericho .........09 Kamlocps Copper .09 Kara Copper 4.00 100.00 13.25 14.75 2.10 13.62' 33.75 50.50 19.50 7.75 37.50 7.75 23.25 MUTUAL FUNDS AGR Special.. 1.95 2.05 Lornex All Cdn Com 5.93 6.48 Lytton Minerals All Cdn Divid (5.91 7.55 Madrona.......33 All Cdn Vent 2.97 3.25 New Cronln .07 Amr Gr Fund 4.08 4.48 New Inmp Mines Cdn Growth 4.47 4.91 North Star Copper .55 Cdn Invest F 3.87 4.55 Primer Col Mutual 476 5.23 Pyramid Cdmnw Inter 10.S4 11.55 Silver Standard Cmnw Lev 2.62 2.87 T C Explor Corp Invest 4.58 5.01 Texmont..... Dreyfus F U.S. 9.46 10.37 Trojan NW Fin 3.22 3.54 Western Mines NW Gr 3-77 4.14 Weslcoast Res 6.70 2.10 .22 1.47 5.6Wi Gr Equity "5 576 Western Explor TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) INDUSTRIALS HliOD A.m. I Molson's B' Abitibi Alcan....... Algoma Steel Atoc Ind Allan 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 OWN Gas Cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler..... CPR........ Cons Bain Comlnco..... Cons Gas Dlst Sea..... Dam Bridge Domtar Dom Taxlile Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial .Oil Imperial Tob Int Nickel Int Pipe..... Inv Gp A Int Utilities Indust Accpet Laurent Ids Kelly Doug A Loeb........ Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molson's A 7.37% North, Cent 20.62Va.Pembina Pp 12.37'A Power Corp 8.50 Price Co Rothmans 42.25 Shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco 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 ANKS 11.00 17.25 6.25 12.25 56.50 7.75 74.00 15.75 3.95 4.85 5.50 20.50 1.10 lo.OQ 9.00 21.00 3.30 6.50 18.00 51.37% Can Imperial 2000 Montreal Nova Scotia .45.25 Royal 1375 Tor-Dom 12.87% MINES a.m. Faleonbridge Frobex _ Firsl Maritjtnes Giant Y K...... 950 Gortdrum 26.87% Gunnar 15.00 Granduc 19 Headway R L Hollinger 10.67% Hud Bay M and 3 20 50 Hydra Ex' Highland Bell 15.00 Iron-Bay 25.62% 'so 1275 Joliet Quebec Kerr Addison Key Anacon Labrador Lellch Langls Silver Madsen R L.....HU Malartic G F.....75 Martin McNeely 10.50 Mayburn.........22 Maclntyre 1S8.00 29.00 2.55 8.75 11.75 15.00 2.05 1.20 133.00 .25 1.15 7.75 3.10 1.08 7-60 10.50 26.37% .19 19 2.75 2.40 1.43 10.00 1.43 2B.OO 1.55 18.00 15.00 20.25 17.50 rim -32 9.00 12.00 42.00 9.00 43.00 3.80 67.75 17.25 Inti New Athona New Calumet.....22 .07% New imperial 1.90 Noranda......2fi.50 .37 Northgate 9.90 1.90 OpemisKa ......12.37% ,35 Osisko.........30% .07% Patino ........33.75 1.70 Pine Point 31.00 .21 Placer Dev......32.50 12.87% P C Exp.....72 Quebec Man.....17 Rayrock 1.25 Radiore .........30 2.15 Rio Algom 1.20 Roman Corp 6.50 9.10 Stlverfields 2.30 .85 Sherrift Gordon .14% Silver Miller _________....... .41 Steep Rock Craigmont ......10.50 Siscoe Dickenson Mines 1.54 Tek Corp Advocate Asb Akaitcho Area Mines Belceher Iron Black Bay Bralorne Broulan ,ll Bethlehem Brunswick 5.1 Cdn Tung Casster Central Pat Chimo Conwest Cons Rambler Coin Lake Cochsnour li.OO -30.50 15.00 13.75 38.50 20.25 21.00 13.00 3 80 S.62% DerWon" 24.55 4.15 Deer Horn 5.87% D'Eldona 16.50 Dome Mines 9.62% Donalda 23.50 Discovery Mines 20.87% East Malartic 13.12% East Sullivan .03 1.02 53.00 32 1.32 1.45 5.70 18.SO .08 3.00 1.85 5.70 r48 4.15 Wright Hargreaves 1.50 Willroy 1.43 Windfall.......11 Yeltowkrtife Bear 3.95 Zenrnac.........12 Texmont Upper Cdn Western Mines NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T 41.3714 Montgomery 41.55 20 Golds 152.63 up .80 Anaconda ........23.37W Scars 10 Base Met fl9.49 up .28 Bin Steel 22.62V2 Std Oil Of N.J. 56.00 15 W Oils 126.30 up 2.14 Chrysler Texas Gulf Volume Comsat Texas Co........26.3716NEW YORK AVERAGES Dupont 120.75 Woolworth J5.87'A 30 Indlist up 8.62 General Motors Westinghouse Elec 20 Rails 123.46 off .19 Gulf...........23.35 U.S. Sleel 30.25 15 Utilities 103.72 up M Int Harvester 22.62'A TORONTO AVERAGES 65 Stocks 222.50 up 1.77 Kenn Copper 41.50 50 Indusf 150.68 up .40 Volume ALL SQUIRE MOBILE HOMES NOW PRICED TO CLEAR AT SPECIAL DISCOUNTS! HOME SEE THEM All NOW ON DISPLAY AT TRAILER CITYI Squire Homes are fit for a king! from all in singla or double units as illustrated Single units in 1 or 2 bed- rooms, double units in 2 or 3 bedrooms LOW DOWN PAYMENTS! ON-THE-SPOT FINANCING! Anything of Value Taken In Trade! UNITED MOTORS COMPANY LTD. COR. 3rd AVE., 3rd ST. S. PHONE 327-2105 Rock-Throwing Youths Go On Rampage VANCOUVER (CP) Rock- throwing youths went on the rampage in Vancouver early today, the third time in four day that Vancouver's sea fes- tival had been marred by vio- lence. Two policemen were injured and two of 20 persons arrested as a result of the disturbance, were also taken to hospital for treatment. Potato Prices WINNIPEG (CP) The mar- itime potato Mures market was inactive Tuesday. Open High Low Close Mon. Nov. 2.30A 2.30A March 2.55B 2.55E was strong with sales to 22.30. Bulls were steady. Choice steers 30 to 30.50, good 29 to 29.75, medium 27.50 to 28.75; choice heifers 27.50 to 28.10, good 26.50 to 27.25, medi- um 25. to 26.25; good cows 21.50 to 22, medium 20.25 to 21.25, canners and cutters 18 to 20; good bulls 26.50 to 28.60. Replacement cattle were mostly fleshy steers weighing from 750 to 900 pounds and selling about steady. Good feeder steers over 750 pounds 29 to 31; good feeder heifers over 650 pounds 26.50 to 27.90. There were no stock or slaugh- ter calves on offer early. Hogs FOB Calgary to 11 a.m., base price 27.75. Lambs sold lower Tuesday. Mixed lots of good and choice 23 to 23.50. The Alberta Sheep Breeders Association will hold a sale of purebred and grade sheep at the Calgary Public Stockyards Saturday, July 18 at 1 p.m. MST. Grain Prices The Winnipeg Grain Ex- change is closed today because of Manitoba Centennial holi- day. Beef Futures WINNIPEG (CP) The Win- nipeg live beef futures market had a light trade in July and September futures Tuesday. Open High Low Close Mon. Jly 31.15 31.15 31.15 31.15 31.30 Ssp 30.05 30.05 29.90 29.90 30.10 Nav 29.50 29.50 Jan 29.00 29.00 Hog Prices EDMONTON (CP) Prices to 11 a.m. reported by the Al- berta Hog Producers Market- ing Board: Edmonton: Quoted av- erage Tuesday 27.94. Red Deer: Quoted 27.75, av- erage 27.60. Calgary: Quoted 27.75, aver- age Tuesday 27.81. Lethbridge: Quoted 28.50, av- erage Tuesday 28.05. Lloydminster: No sales to 11 a.m., average Tuesday 27.38. Sows: 18.15. Total hogs to 11 a.m.: 254. Yesterday provincial av- erage 27.86. NEW FACE Arab leader Dr. George Habash, leader of the Popular Front for Lib- eration of Palestine, is be- coming the voice of the new Arab revolution. Dr. Hahash, a doctor turned revolution- ary, has given his organiza- tion the announced goal o( destroying "the troika of Zionism, imperialism and Arab reaction." Installations Back In Operation CALGARY (CP) Two oil- field installations ord e r e d closed last week until they were cleaned of oil pollution were allowed to re-open Tues- day night, Alberta government officials announced today. Dr. George Govier, chairman of the Alberta Oil and Gas Conservation Board, said, how- ever, that more oil installa- tions in the Swan Hills region in northern Alberta may be closed within the next week. The installations allowed to re-open were operated by Home Oil Co. of Calgary. Op- erations at another site were still suspended. Also see Page 9. Dollar Value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds up 1-32 to 15-32. Pound sterling unchanged at 5-16. NEW YORK dollar down 3-64 at 96 21-32 in terms of U.S. funds. Pound ster- ling down 1-32 at -----Widntiday, July 15, 1970 _ THf UTHBRIDCE HERALD 27 Canada's Sulphur Sales In Danger WASHINGTON (CP) Charging that "unremitting pressure from imports of low- cost Canadian sulphur" has put the United States industry under "severe economic Louisiana Senator Russel B. Long lias introduced a bill pro- posing quotas on such imports. If approved, his proposal could halve Canadian sales, which topped last year. Without mentioning Canada in the bill, Long proposed that an- nual imports from "any coun- try" be limited after Jan. 1 next to the average annual imports from such a country during 1965, 1966 and 1967. After 1972 such imports would be "increased or decreased" in proportion to increases or de- creases in domestic consump- tion. Such reductions to the 1965-67 average of Canadian imports would represent a severe slash in Canadian sales to the U.S. These came mainly from Al- berta. The average in that three- year period was about tons, worth an average of But in 1969 Canadian imports topped tons, valued at EXPORTS WORTH MORE As an indication of how prices have dropped recently, 1968 Ca- nadian exports to the U.S. were only tons but the value was higher, at Canadian sulphur is a byprod- uct of the natural gas industry. It is removed from the hydro- gen sulphide which must be taken from the gas in order to make the gas saleable. In Louisiana, where the Free- port Sulphur Co. has been hard hit by falling prices, sulphur is mined as a primary industry. Freeport Sulphur, the world's largest producer, has had to lay off about 11 per cent of its em- ployees in Louisiana since the first of the year. The company said in a recent news release it suffered a 56-per-cent decline in earnings in the first quarter of this year compared with the same period in 1969. Because Canadian sulphur is a byproduct of the natural gas industry, Long said, "Canadian sulphur production is unrelated to market requirements and it is priced without regard to cost." Sulphur is used widely in agri- culture and in industry and about half of that used goes into fertilizers. Negro Leader Shot To Death KANSAS CITY (AP) Mis- souri state Representative Leon M. Jordan, a powerful Negro political leader here, was shot to death early today. Police said Jordan, 65, appar- ently was shot as he-walked to his car after closing a tavern he owns and operates. Police said a pickup ordef has been issued for three Negro men in a late-model auto, one of them armed with a shotgun. A native of Kansas City, Jor- dan formerly taught school and was a lieutenant of detectives on tire Kansas City police force. He was first elected to the Mis- souri House of Representatives in 1964. A Democrat, Jordan was i candidate for his fourth term. BATA SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable far shoe store or ladies wear APPLY! Stan's Men's Wear 321 5th St. S. SYLBERT'S SHOES CONTINUES By Savage And Fortune School and Dress Shoet From Teeners' Flats 0 Loafers Charlie Brown 0 Straps 9 Oxfords Reg. to 9.98. ON SALE FROM Chunky Heels Crinkles, luetfet and Itathen. to 13.98. FROM 4 .99 6 ,99 Pussyfoots by SAVAGE in brown only Reg. 6.98 ON SALE 3 .99 Ail Summer Sandals ON SALE AT 20% to Vs OFF OPEN THURS. UNTIL 9 P.M. ALL SALES FINAL NO EXCHANGES OR REFUNDS Sylbert's SHOES 505 4th Ave. S.