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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 17, 1970, Lethbridge, Alberta Stocks Move Up In Sharp Rally TORONTO (CP) The To- ronto stock market posted a sharp advance in light mid- morning trading today as it en- tered its fifth consecutive gain- ing session. On index, industrials were up .70 to 152.97, golds 1.12 to 150.69, base metals .38 to 90.51 and western oils 2.90 to 133.93. Volume by 11 a.m. was shares, up from at the same time Thursday. Gains outnumbered losses 117 to 53 with 134 issues unchanged. Observers noted that trading has picked up progressively with each day of advance. Thursday's volume was the highest in more than two weeks. Largest advances were in bank, oil refining, pipeline and industrial mining sectors. Among gaining stocks, Chrys- ler was up Ite to Home A to 14, Westcoast to Brascan fa to OSF Indus- tries 30 cents to Aquitaine Vt. to 1854 and Canadian In- dustrial Gas Vt to ALL SECTORS The Montreal stock market re- corded fractional gains m all sectors in steady trading today. On the Montreal Stock Ex- change, Consolidated Textile advanced Va to IWt. Company President Danny Taran said the firm expects to report higher earnings for the half-year ended July 3. Petroleum issues highlighted gains with Dominion Petroleum jumping 2 to Pacific Petro- leum moved up to Aqui- taine to and Husky Oil Among senior mines, up were Inco at 39% and Hudson's Bay Mining and Smelting at 22. Nbranda to Royal Trust led banks with a gain of to Up Vt were Royal Bank at 20% and Bank of Commerce at 19. Unchanged were Bank of Montreal at 15, Bwk of Nova Scotia at 16% and Beef Futures WINNIPEG (CP) The Win- nipeg live beef futures market Thursday has a light trade in the September futures at slight. ly lower prices. Open High Low Close Taes. July 31.15 31.15 Sep 29.75 29.75 29.50 29.65 29.90 Nov. 29.50 29.50 Jan. 29.00 29.00 Banque Canadienm Natiomle at Erascan rose Vz to 13% and Alcan Aluminum to 21Vi. On index, banks were up .78 to 162.66, utilities .75 to 124.04, the composite .54 to 149.44, in- dustrials .44 to 153.82' and pa- pers .16 to 81.72. By 11 a.m., shares had changed bands. BKOAD FRONT The New York sock market drive today moved into its third day, with stocks gaining sharply on a broad front. Trading was moderately ac- tive and picked up somewhat from Thursday's session. Advancing issues led decli- ners by almost 5 to 1. At noon the Associated Press 60-stock average was up 2.9 at 243.3. Stocks in all categories were up. Big Board prices included Chrysler, up 1% at 42, and Boise Cascade, up 1% at Mclntyre Porcupine led adv- ancing Canadian.issues, up Inco was up Vt, and Alcan and Genstar Ltd. On the American Exchange, Brascan rose Canadian Jav- elin was up and Molybdenite Canada dropped Vt. Hog Prices EDMONTON (CP) -Closing hog prices Thursday provided by the Alberta Hog Producers Marketing Board: Edmonton: quoted 27.75 tc 29.75, average 28.15 Red Deer: quoted 27.75 to 28.50, average 28.05 Calgary: quoted 27.75 to 29 average 28.42 Lethbridge: quoted 28 to 28.70, average 28.52 Lloydminster: quoted 27.25 to 27.30, average 27.28 Grande Prairie: No market. Number hogs sold pro- vincial average 28.20. Tota sows sold 116, 17.75 to 18.80 average 18.31. Potato Prices WINNIPEG CCP) The Maritime potato futures mar- ret was inactive Thursday. Open High Low Close Tnes. Nov. 2.30A 2.30A March 2.55B 2.55B Smitty's Pancake House Franchise Available Excellent location in Marathon Dsvelopment in City of Lethbridge to ba open about Octo- 1970. Cash required approximately Capital investment returned in ap- proximately four years, For further information pUite or phone SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CALGARY, Alberta. (403) GRADUATION SPECIAL YAMAHA 100 TWIN JET First twin-cylinder, twin fnglnei In lOOee dost. Husky 2-strolee parallel twin you fast, and in style. Twin exhausts. lynchronliod lion and exclusive Aulolubt automatic lubrication. YAMAHA CYCLE Hit SlrMt and 2nd Avmiw S. SALES AND SERVICE LTD. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by'Doherty, and McCuaig) LAST BID OR SALE a.m. Quotes WtSTiKN OILS Almlnex Banff B. P. Oil Can South Cdn Exp Cdn Crldoll Cdn Home Cdn Ind Gas Cdn Long Is Cdn Cent Del Rio Charier ChleHan Domt Peti Dynam Pele French Pefs Ouotes) Int Utll Ptd J'.2i Int steel a.m. Quotes) Dynasty..... Endako Fort Reliance i.oo 6.K 8.SO .65 26.25 9.10 V.1S 1.15 5.1 Kaiser RH Kim Kolla Lake Ont PI Mentor1....... Neweonex Pac Pele Rank Organ Shell Inv Shell Inv Pfd Shell Inv Wit Sicks' Rain West Cdn Sd White and Yule. CALVARY 13.50 1.90 .43 S.70 Granlsle..... Hy'j........ Inter Brew Kamloops Cop Kaia Copper 11.12'A Lornex...... Mineral! Madrona..... 3; go New Cronln Mew lmP Mines 3.87'A North Star Cop 515 Primer...... Pyramid..... Silver standard TC Ex Gt Plains 19.00 Acroll........79 Toxmont Mill City New Cont Numac permo Petrol Pinnacle Place Gas Ranger Scurry Rain spooner West Dec 1.25 .S3 5.30 M 1.05 .79 1.14 8.90 13.50 1.37 4.1Q MISCELLANEOUS INDUSTRIALS Atco Indus Aquatalne Brit Nfld Cdn Brew A Cdn Hyd Car Cdn Pac Inv CPR Pfd Crows Nest In. Gt Cdn Oil Gt Cdn Oil Sd Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay oil Hud Bay oil Hugh Rus Pfd. Husky Oil Husky Oil B Husky Oil War. Int Pro Pipe 9.00 18.75 4.00 27.75 11.50 21.25 8.25 39.50 4.00 100JO 15.00 2.15 13.50 34.50 51.00 20.00 f.n 36.75 5.40 8.50 Anac Pete Barons Oil North Cont Plains Pete West Warn Lcduc Calm Madison Qulnalta PIPELINE STOCKS Alia Gas Trx A 41.25 Alia Gas-Trk pfd 115.00 Cdn West Nat Gas 15.00 Inland Nat Gas 9.00 North and Cen 11.50 North and Cen !4.50 Gaz Metro 3.50 Trans Can Pipe 27.00 Trans can P pfd 53.00 Trans Can P w 7.00 Weitcoest Trans 16.50 Western Pa 4.15 VANCOUVER Trolan Western Mlnel Westcoast Res Western Ex Utlca i.K 12.00 .47 2.90 11.87 9.00 4.40 .10 .18 (.50 2.26 '...33 ...07 1.70 .55 .16 1.50 .35 .'53 4.25 .23 .20 .90 MUTUAL FUNDS AGF Special 2.10 Anuk 14.12'A Arctic Mining Atlas Ex Bth copper Bornlte RIdgi Block Bros Brenda 8C sugar Caplaln Inter .20 .17 1.00 13.00 -d! 9.40 JM'A All Cdn Comp 6.09 6. All Cdn Ven 3.03 3.3 All Cdn DIv 7.10 7. Amer Growth 4.16 4.5 Canada Growth 4.47 S. Cdn In Fund 3.87 4. Collec Mut 4.85 5. Cmn Inter 10.57 II. cmn Lever 2.42 2. Corp In 4.43 5.0 Corp In Stock 4.24 4. Dreyfus Fund 9.40 10. Growth Equity 5.28 5. Grouped In Sh 2.68 2.9 In Growth 9.21 lo.f In Mut 4.51 4.1 105 Venture 2.97 3. Mut Ace Fund 4.13 4. Mut Growth 3.60 3. Mut In Nat Res NW Finance NW Growth Churchill Cop 3.40 Croi'den........28 Dolly Varden.....39 15J714 Prln Growth 2.90 Regent Fund Rovfund Unl Ace Unl Savings 3..- 4.26 6. 3.31 3. 3.87 4. 3.45 3. 6.98 7. 4.54 4. ..4.04 4. 5.67 6. TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE Quotes) a.m. Quotes! 11.50 Falconbrldge 17.75 Frobex.........25 6.00 4.75 5.00 20.50 2l'.00 3.25 6.25 18.50 52.37'A a.m. Quotes) INDUSTRIALS 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 Cal Power Coron Credit CWN Gas Cdn Indust Canada 5 5 Cdn Marconi Cdn VIckers Chrysler CPR....... Comlnco Cons Bath Cons Gas DIst Sea Dom Bridge Domtar Dom Textllt Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Hiram Walk Imperial Oil Imperial Tob Int Nickel Inf Pipe Inv Gp A Int Utilities Indusf Accept Kelly Doug A Loeb....... Loblsw A Metro Stores Massey Ferg McMillan Bios Moore Corp Motion's A Molson'i B North, Cent 7 50 Pembina Pp 2125 Power Corp T2.42V4 Co 825 Rolhamns S'm Shell CDA 42.00 Simpson's 13 50 Simp Sears iaoo of CBfl 8.DO Selkirk A First Marltlmes 7.37'A Giant Y.K. 9.00 Gortdrum 26.00 Gunnar...... 15.12'A Granduc 1.2! 6.10 3.10 1.12 7.70 10.75 Headway R.L.....11.50 Holliriger 29.00 Hudson Bay MS 21.62 Texaco 20.50 Hydra Ex. 19 Traders Gp A fl.i2'A Highland Bell 2.75 1525 Iron Bay Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel..... Union Car Weston's S woodward's A West Cdn Sd Zenith Elec BANK: 27.00 llwj 28.00 2.55 11.75 21.00 15.25 2.10 1.35 19.00 2.45 1.47 .25 10.37 .46 28.12 3.35 16.00 Scotia 45.50 1400 Tor-Dom..... TORONTO MINES Acm, Advocate Asb.....1.90 Akaltcho.........38 11.15 46.75 44.00 1.90 Area Mines Bnleher Iron J-QU Black Boy 67.50 Bralorne 17.25 Broulan 15.12'A Bethlehem 1-70 Brunswick 40.25 Canada Tung. 16.25 casslar 13.25 Central Pat. 39.37'A Chlmo...... 21.00 Conwest..... 6.25 Cons. Rambler 22.25 Coin Lake 13.50 Coehenour.........42 3.75 Cralgmont......10.75 J.6214 Dlckenson Mines 1.60 4.50 Denlson Mines 25.00 6.00 Deer Horn.......08 D'Eldona......1.06 Dome Mines 54.50 Donalda .........30'A Willroy Discovery Mines 1.30 windfall East Malartlc 1.45 Yellowknlte Bear East Sullivan 5.65 Zenmac...... Kerr Addlson Key Anacon Labrador Lake Shore Leitch Langls Silver Macassa........1.30 Madsen R.L...... Malartlc G.F......77 Martin McNeely 10.50 Mayburn .22 Maclntyre 159.00 Mela...........16 Midrlm.........28 'a'fj. Inlern 10.00 New Athona.......17 New Calumet.....24 .09'A New Imperial 1.66 Noranda ......27.37V Northgate......9.95 Opemiska......12.50 Osisto...........31 Palino ........37.75 Pine Point......31.00 ._. Placer Dev. 32.00 13.12'A P.C. Exp........65 5.05 Quebec Man.......17 Rayrock........1.25 Radlore.........30 Rio Algom 18.62V Roman Corp. 6.90 Sllverfields......2.20 Sherritt Gordon 19.12' 2.19 19.50 2.25 1.25 9.40 .85 17.50 9.00 21.75 29.00 13.25 13.75 -14'A Silver Miller Steep Rock Siscoe...... Tek Corp..... Texmont Upper Canada Western Mines Wright Har .07' 2.95 1.85 5.75 .44! ..1.45 4.20 1.47 1.51 ...11 4.20 .20 NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T Anaconda Blh Steel Chrysler Comsat Dupon) GM Gulf IHC Mont. Ward Sears ......23.00 std on a HI Texas Gulf .......37.62V3 Texas Co..... ......122.50 Woolworlh ......dfi.OO Westinghouse U.S. steel 2iOO Kenn. Copper TORONTO AVERAGES 20 Indus 153.49 up 20 Golds 151.50 up 2.23 10 Basa Met 90.90 up 77 59.25 15 West Oils 134.40 up 3.3 114.25 Volume NEW YORK AVERAGE 31.00 30 Indus 733.09 up 9.65 20 Rails 128.36 up 3.21 30.75 15 Util 104.11 up .20 65 Stocks 228.B7 up 3.16 Volume New Government For Finland HELSINKI (Reuters) Pres- ident Urho Kekkonen of Finland appointed a new coalition gov- ernment today, a climax to tough negotiations lasting four months. Ahti Karjalainen of tie Centre party was named premier. His government contains five minis- ters from his party, five Social Democrats, three Communists two Liberals and two Swedish party members. The new government has a majority of 142 in the 200-seaf parliament PLANT ACCOUNTANT A Plant Accountant with experience in Cost Accounting and Budget Control, required. Location: Lethbridge. The successful candidate will be ot least 25 yean of and will have completed his third year C.G.A. or equivalent, course. Substantial opportunities-exist for growth within the Company. of the individual will depend upon performance. Benefits include an excellent starting salary and a complete employee welfare plan. Interested candidates should submit a complete personal and career resume, in writing, to PERSONNEL SUPERVISOR MOLSON'S 218 Eleventh Avenue S.W., Calgary 3, Alberta BrtweriM >t VANCOUVER EDMONTON LETHBRIDGE PRINCE ALBERT REGINA WINNIPEG Livestock Lethbridge livestock Friday's sale will get under way at 1 p.m. with approxi- mately 100 head replacement cattle on oiler. Calgary Livtsiock CALGARY (CP) On offer to 11 a.m.: about 225 bead, mostly replacement stews of mixed quality. Trade was mod- erately active. OK Imports Of 612 Head From Europe OTTAWA (CP) Import per- mits have been granted to 446 applicants to import 612 bead of cattle from Europe this year, Agriculture Minister H.A. Okon sad here. Successful applicants, who will be mailed their permits within a week, are entitled to purchase cattle in France and Switzerland, the only approved European countries, and import them through maximum secu- rity quarantine stations. The agriculture department received about applica- tions to import about head this year. The maximum num- ber of cattle for each permit holder this year is four. Mr. Olson said that "because applications for permits are as- sessed on the basis of project proposals foraparticular breed, we feel it is a fair policy to restrict permit-holders to their stated intentions." DIVIDENDS By THE CANADIAN PRESS Canadian Homeitead Oil LW.. pfd.' 15 cents, Aug. 17, record July 31. Kelly Douglas ind Co. Ltd., class A.6V4 cents, Aug. 31, rec- ord Aug. 7. Slaughter and heifers sold steady at Thursday's closs with no choice kinds on offer. Cmvs were rteady with good cows scarce. There were no bulls on offer. Good to low choice stoen 28.75 to 29.60, medium 27 to 28.50 good heifers 26.25 to 27, medium 25 to 26; good cows 21.50 to 22, medium 20 to 21.25, cahnera and cutlers 18 to 20. Replacement cattle were mostly fleshy steers weighing more than 750 pounds and sell- ing at generally steady prices. Good feeder steers over 750 pounds 29 to 31, under 750 pounds 32 to 34.50; good feeder heifers over 650 pounds 26.50 to 27.80. There were insufficient stock or slaughter calves on offer to establish a market. Hogs f.o.b. Calgary to 11 a.m., base price 27.80. Advertising Charges Dismissed EDMONTON (CP) charges of untrue advertising were dismissed in magistrate's court against an Edmonton food store. Court was told a coupon in- side packages of margarine read: "Win up to Every package is a winner." It Was part of a margarine promotion campaign by Monarch Fine Food Ltd. Charges were dismissed be- cause each package also con- tained a coupon worth 10 cents, which made every package a winner as claimed. PUBLISHER DIES MONTREAL (CP) Funeral services will be held Saturday for Robert Raynauld, 71, editor and publisher of La Ferae, who died Tuesday. Friday, July 17, 1X1 LITHMIDGI HIKAtD IS Grain Price Review WINNIPEG (CP) _ Rape- seed futures were sharply high- er at mid-session of the Winni- peg Grain Exchange today but flax was in a slump. Traders were active in rape- seed but speculation Indicated the buyers were uncertain about crop estimate figures re- leased by the Dominion Bu- reau of Statistics, showing an acreage estimate acres below private estimates. Trad- were individually putting their faith in one of Sve two estimates. Flax, after a week of good buying, was quiet today with Chrysler Bounces Back DETROIT (AP) Chrysler Corp., which lost in the first quarter of this year, re- ported Thursday that it had made a profit of or 17 cents a share, for the second quarter. Lynn Townsend, board-chair- man, said recently the firm had virtually completed a cost-cut- ting and reorganization pro- gram and that "things are look- ing up." The statement followed finan- cial turmoil in the No. 3 auto- maker which culminated on June 23 when trading in Chrys- ler stock was suspended for a time on the New York Stock Ex- change. Townsend announced on that day that the firm proba- bly would show a profit for the jcond quarter. The second-quarter profit was 80-per-cent below the profit re- ported for the comparable quarter a year came on sales of During the first sbt months of 1970, the firm reported, its sales totalled and were six-per-cent below the 1969 fig- ures. prices up to two cents below previous close levels. Oats, barley and rye had light trade with prices fairly steady. Thursday's volume of trade included bushels of flax, of rye and of rapeseed. Prices for class two wheat for export to countries outside IGA: 1 Nor 1.73V4.; 2 1.70V4; 3 4 1 Durum 1 8 4 IGA prices: 1 Nor 2 3 4 1 Durum 3 3 4 High Low Flar Jly Oct Nov Dec May Rapeieed Jly Nov Jan Mar May Oats Jly Oct Dec May Barley Jiy Oct Dec May Rye Jiy Oct Dec May 283% 282% 233% 275% 273V< 273% 268 265 265 262 260 261 264% 261 264% 282% 279 282% 269% 285% 269% 263% 258V4 263% 258% 255% ____ __ 254 75% 75% 75% 76% 76% 76% 76% 76% 76% 77% 111% 111V4 111% 113% 113% 113% 113% 113% 113% 116% 96% 96 97 100% 99% 100% 100% _------105% Dollar Value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds off 1-16 at 5-16. Pound ster- ling off at NEW YORK (CP) Cana- dian dollar up 1-16 at 95 51-64 in terms of U.S. funds. Pound ster- ling up 1-64 at DUNLOP FORD SALES BEATS THE HEAT WITH FACTORY AIR CONDITIONING Check These Beautiful 1970 Fords Listed Below: Beat The Heat In An Air Conditioned 1970 LTD BROUGHAM 4 DOOR HARDTOP Light Yellow, vinyl roof, 429 2V engine automatic transmission, power steering, power disc brakes, radio and Power windows, split bench seat, reclining passenger seat. Many other Ford better Idea options. Special Demo Price On This Tho Heat In An Air Conditioned 1970 LTD 4-DOOR SEDAN Light Ivy Yellow, vinyl roof, deluxe seat belfs, H.D. suspension, tinted windshield, electric clock, visibility group, 390 2V engine, automatic transmission, power steering, power disc brakes; white wall tires, rear body side moldings. Many Other Ford Better Idea The Heat In An Air Conditioned 1970 LTD 4-DOOR HARDTOP Medium Blue and White viny! roof, 390 V-8 engine, automatic transmission, block heater, power steering, power disc brakes, whitewalls, wheel covert, tinted windshield, body tide moldings. Many Other Ford Better Idea Options. Beat The Heat In An Air Conditioned 1970 LTD BROUGHAM 4 DOOR HARDTOP Dark Ivy Green ami vinyl roof, 42V 2V engine, automatic transmission, radio, stereo, convenience check group, cruise controls, tinted glass, power steering, power- disc brakes, visibility group, tilt wheel. Many Other Ford Better Idea The feat In An Air Conditioned 1970 LTD COUNTRY SQUIRE 9 PASSENGER STATION WAGON Medium Ivy Green Metallic, 429 2V engine, automatic transmission, power steering, power disc brakes, AM radio, deluxe luggage rack, tinted glass, ibility group, H.D. suspension, white wall tires, deluxe wheel covers. Many Other Ford Better Idea The Heat In An Air Conditioned 1970 LTD 4-DOOR HARDTOP Dark Aqua Metallic, white roof, 390 2V engine, automatic transmission, power steering, power disc brakes, deluxe seat belts, visibility group, body side moldings, white wall tires, wheel coven, tinted glass. Many Other Ford Better Idea Optioni. Beat Hoot In An Air Conditioned 1970 LTD 4-DOOR SEDAN Aqua and White, 390 V-8, automatic transmission, deluxe belts, tinted glass, H.D, battery, visibility group, tilt wheel, Dower steering, power disc brakes, white wall tires, wheel covers, TuTone saint, rear defogger, body side moldings. Many Other Ftii-d Better idea The Heat In An Air Conditioned 1970 LTD 4-DOOR SEDAN 3ark Ivy Green and White top, 390 2V engine, automatic transmission, slock heater, power steering, power disc brakes, vinyl trim, tinted wind-ihield, electric clock. Many Other Ford Better Idea The Heat In An Air Conditioned 1970 LTD BROUGHAM 2 DOOR HARDTOP ?oya! Maroon and black vinyl roof, 429 2V engine, automatic transmission, comfort lounge seats, convenience aroup, deluxe wheel covers, block heater, power steering, power disc brakes, white walls, rocker panel molding, reclining passenger seat, Many Other Ford Better Idea Options. Also Available On These Beautiful Torino Brougham 2 Door 4 Door Hardtops and 4 Door Sedans, Galaxia 500 4 Door Sedans and 2 Door Hardtops, LTD 4 Door Sedans and 2 Door Hardtops, Custom 500 4 Door Sedans, 2 Door Hardtops and Wagons OVER 90 UNITS IN STOCK DUNLOP FORD'S DEALER INSTALLED AIR CONDITIONERS Can be included in your purchase at Beat The Heat Special Price, from Buy Woiv While They Last! 1718 3rd Avenue S. Phone 328-5526 OWN EVENINGS UNTIL 9 P.M. r ;