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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 29, 1970, Lethbridge, Alberta Wtdntidoy, July 29, THE IETHBRIDGE HERALD 27 LIVESTOCK Companies _ il_ l. _l_ i Increase Output Stock Market Up In Early Trading TORONTO (CP) -The To- ronto stock market was 'up sharply in mid-morning trading today. On index, industrials gained 1.06 to 156.84, golds .46 to 151.17 and western oils 1.35 to 159.68. Base metals lost .05 to 91.79. Volume by 11 a.m. was shafes, up from at the same time Tuesday. Trading Tuesday was the busiest in almost two months. Gains outnumbered looses 139 to 49 with 132 issues unchanged. Largest advances were in beverage' industrial mining and paper and forest sectors. Among advancing stocks, Dome Pete'was up to Macmillan Bloedel 134 to 26, Falconbridge 1 to 146, Interna- tional Utilities to 146, Home A to 17, Noranda to 28, Bell Vi to 43% and Inco to Bankeno up 45 cents to Asamera lk to Numac 45 cents to Cana- dian Export Gas 40 cents to ?4.75 and Yellowknife Bear 15 cents to 55.00. Headway Corp., which was listed today at the Toi'onto ex- change was untraded at 51.25 asked. PRICES HIGHER MONTREAL (CP on the Montreal stock market moved sharply higher for the sixth straight day today in heavy trading, particularly to In banking issues Royal Trust slipped to 27 and Royal Bank Vt to International Utilities jumped 1% to 26, Macmillan-Bloedel IVi to Dofasco to Do- minion Bridge to Inco to 40, Bombardier Ltd. Vs to Dupont to 17 and Cen- tral Del Rio to Denison fell 1% to 26 on a trade of 140 shares. On index, papers advanced 1.88 to 85.38, industrials 1.21 to 158.83, the composite .87 to 154.63 and utilities .66 to 129.02. Banks slipped 1.16 to 169.32. Volume at 11 a.m. was shares. New York stock market re- port not available at press time today. among long-term securities. Noranda Mines jumped to 27% following an announcement that second-quarter earnings were or 69 cents a share, compared with or 55 cents a share, last year'. Bell Canada rose to 43% after reporting second-quarter net income of or 92 cents a share, compared with or 76 cents a share, for last year. Among senior oils, Aquitaine rose to Shell Canada to 29% and Pacific Petroleum Cardston Ranch Wins Top Awards EDMONTON (CP) Birds- eye Ranch of Cardston, exhibit- ed polled herefords which took the grand and reserve grand championships for females dur- ing livestock judging at the Edmonton Exposition. Birdseye, owned by Don Han- son, also exhibited a group of four animals given the cham- pionship in that class. A horned hereford bull ex- hibited by Stauffer Farms of Eckyille, Alta., was chosen grand champion bull. The reserve grand champion- ship went to a bull shown by E. W. Pohl of Wetaskiwin, Alta. The hereford entry of 199 ani- mals were from Alberta, Sas- katchewan and British Colum- bia and compared with 120 head entered last year. Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 130 cattle. Receipts mostly slaughter steers and heifers. Trade mod- erately active. Good and choice butcher steers meeting only fair demand prices weak to 25 cents lower with odd sales to 251.50. Medium and good steady. Good and choice butch- er heifers meeting reasonably good demand 'from Canadian and export buyers. Prices about steady. The few cows on offer selling at firm prices, medium and good heavy feed- er steers weak, to 50 cents lower. Choice steers 28.75 to 29.25; good 28 to 28.50; medium 26 to 27.50. Choice heifers 26 to 26.70; good 25.25 to 26; medium 24 to 25. Good cows 21 to 21.80; med- ium 39.50 to 20.50; canners and cutters 16 to 19. Good heavy feeder steers over 850 Ibs. 28 to 29.50; med- ium 26 to 27.50. Butcher hogs sold Tuesday f.o.b. 28.50 to 28.65 base price. All hogs sold for ex- port price converted 22.90 to 23. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 825 head; mostly slaughter steers and heifers. Trade, was active. Slaughter steers and heifers were higher, cows were steady and bulls were lower. Choice slaughter steers 29.25 to 29.90, good to 29.25, medium 27 to 28.25. Choice heifers 27.25 to 27.60, good 26.50 to 27, medium 25 to 26.25. Med- ium to good cows 20.50 to 21.80, canners and cutters 18 to 20.25. Good bulls 26 to 27.50. Replacement cattle were mostly fleshy steers weighing more than 750 pounds and heif- ers more than 650 pounds. Prices were generally steady. THE CANADIAN PRESS The four major automobile manufacturers in Canada in- creased vehicle production by more than seven per cent dur- ing the 1970 model year, despite reduced sales. Ford Motor Co. of Canada Ltd., Chrysler of Canada Ltd. and American Motors (Canada) Ltd. increased production while General Motors of Canada Ltd. cut back in the number of vehi- cles produced at Canadian plants. Under terms of the U.S.-Can- ada Automotive auto and parts made in Canada and the United States move freely across the border from manufacturing plants to retail outlets. Several Canadian plants were assigned to produce smaller models, now selling well on the North American BATA SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe store or ladies wear store APPLY: Stan's Men's Wear 321 5th St. S. Good feeder steers more than 750 pounds 29 to 30.50. Good feeder heifers more than 650 pounds 27 to 27.70. No stock or slaughter calves were offer- ed. Hog base price 27.85. Good lambs sold' lower Tuesday at 22. Hog Prices EDMONTON (CP) Closing prices Tuesday provided by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted 27.50 to 28.80. Average 27.99. Red Deer: Quoted 27.50 to 28.30. Average 28.13. Calgary: Quoted 27.60 to 28.90. Average 28.28. Lethbridge: Quoted 28.50 to 28.65. Average 28.56. Lloydminster: Quoted 27.25 to 27.35. Average 27.29. Grande Prairie: No market. Hogs sold provincial average 28.04. Sows sold 125, ige 17.35 to 18.05, average i Appliance Sales Sag TORONTO held back on purchases of major household appliances during the first half of 1970, causing a decline in sales of 7.8 per cent to units from in the correspond- ing period of 1969. Figures released by the Ca- nadian Appliance Manu- facturers' Association show the sales slide was led by built-in electric ranges, with pur- chased in the first six months of this year, down 44.7 per cent from in the same period last year. Sales of wringer washing machines totalled dur- ing the first hah1' of this year down 29.9 per cent from during the first six months last year. Chairman F. R. Johnson of the OAMA says June statistics indicate some improvement from the d e c 1 i n ing market which began last September. He predicts., a significant im- provement in sales "when the consumer becomes less reluc- tant to purchase big ticket items because of the cur- rent economic uncertainty." Major household appliances include refrigerators, freezers, kitchen ranges, dishwashers, washing machines and clothes dryers. market, after the auto pac went into effect in 1965. During the first half of thi year sales of cars produced b the four was down 22 per cen compared with the first half o the previous year. .General Mo tors first-half sales were dow 26.4 per cent; Ford was off 22. per cent; Chrysler down 12. per cent; and American Motor down 6.3 per cent. Sales of imported cars hi creased during the first half o this year. Sales figures on 1970 model will not be compiled for severa weeks. PRODUCTION RISES Total production in'Canada o 1970 models was com pared with of 1969 model cars and trucks, repre- senting an increase of 7.3 pe cent. Ford production was up 16. per cent with cars am trucks produced during the 197 model year and durin, the 1969 model year. Chrysler production increasei 14.7'per cent with vehi cles produced for 1970 am for 1969. American Motors had an in crease of 11.2 per cent will for 1970 and for 1969. 'General Motors' production was down 5.8 per cent to for 4OT 806 for Potato Prices WINNIPEG (CP) The Man- times potato futures market was inactive Tuesday. Open High Low Close Mon. NOT 2.35N 2.35N Mar 2.55N 2.55A FINAL 3 DAYS of Men's Wear's Gigantic CLOSE-OUT PROVINCIAL GOVT. CLOSE-OUT PERMIT N. MS EVERYTHING THAT'S LEFT GOES AND LESS AT mini? i MA i ten PRICE Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Trade was dull at the close of the Winnipeg Grain Exchange to- day as prices in most commod- ities drifted to lower levels. Commission house activity met little outside interest in oil- seeds and rye. Feed grains were generally steady. Tuesday's export wheat load- ings included bushles to Britain, to Afghanistan to Ireland, to The Netherlands, to Syria to the United Arab Re- public, to the U.S.S.R. Volume of trade Tuesday was bushels of flax, of rapeseed, of rye. Prices for class two wheat for export to countries outside IGA: 1 Nor 1.72V4; 2 1.6914; 3 4 l.SOVs; 1 Durum 2 3 IGA prices: 1 Nor 1.72V4; 2 1.69V4; 3 4 1 Durum 2 3 High Low Close Flax Jly 286 281 281 Oct 272% mVs Nov 265 264% 264% Dec 261 261% May 267% 267 267V4 Rapeseed Jly Nov Jan Mar May Oats Jly Oct Dec May Barley Jly Oct Dec May Rye Jly oct May 279 281% 267 268% 268% 264% 265 265% 260% 261 259% 257% 257% 75% 77 77H 79 113 97% 101 103 .------111% 112% ------113% ------116 96Va 96% 99% 101% ------105% SPECIAL! A NUMBER OF TALI MODHS SPORT JACKETS Regular to 35.00. FOR ONLY 10 SPECIAL! -SWEATERS -PANTS .-SUITS -SHIRTS All at BA n MEN'S a IV WEAR WE'RE CLOSING OUR DOORS SATURDAY NIGHT, AUGUST Itt Cornw of 4th and 5th St. S. DIVIDENDS By THE CANADIAN PRESS George Weston Ltd., pfd. 1st series cents; pfd. 2nd series both Sept. 1, record Aug. 15. Montreal Trust Co., 15 cents, Oct. 15, record Sept. 30. Burns Foods Ltd., 7 cents, S'ept. 15, record Aug. 14. Pcmbina Pipe Line Ltd., 5 per-cent pfd. 62% cents, Sept. 1, record Aug. 14. Texaco Canada Ltd., 40 cents, Sept. 10, record Aug. 5. Husky Oil Ltd., pfd. series A 75 cents, Oct. 1, record Sept. 1, pfd. series B 75 cents, Sept. 30, record Sept. 1. Loblaws Groceterias Co. Ltd., 1st pfd. A 37% cents; 2nd pfd. both Sept- 1, record Aug. 6. Loblaw Co. Ltd., pfd. 60 cents Sept. 1, record Aug. 6- Beef Futures WINNIPEG (CP) The Win- nipeg live beef futures market had an active session Tuesday with trades being made above and below previous close levels. Open High Low Close Mon. Sep 29.37 29.37 29.20 29.20 29.35 Nov 29.00 28.00 28.82 28.82 29.00N Jan 29.00A 29.00N NET EARNINGS By THE CANADIAN PRESS Canada Packers Ltd., 13 weeks ended June 7. 1970, 38 cents a share; 1969, 35 cents. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID Oil SALE a.m. Quotes) a.m. Quotes) a.m. QUOTCSI WESTERN OILS Husky Oil War. 3.10 Gr Equity S.44 5.9 Almlnex d.flO Int Pro Pipe 9.75 Gr In Stinres 2.78 3.0 Asomera 12.25 Inter Steel 5.75 invest Gr 9.4510.3 Banff 10.75 Lake 8.25 invest Mutual AM 5.0 Ci B. P. Oil 4.15 Joutel 1.20 Mutual Ac F -1.30 A.I Can South 3.85 Kaiser Res Id. 00 Mutual Gr F 3.69 4.0 Cdn Exp Gas Kam Kolla 1.90 Mutual In 4.17 4.5 IS Cdn Gridoll 7.30 Lake Ont Pt 1.85 Nat Res 7.0 Cdn Home 7.95 Mentor 50 N W Fin1 3.35 3.6 JJ Cdn Home Pfd. 16.00 Newconex N W Growth 3.91 4.3 nt Cdn Ind Gas 9.50 Pac Pole 26.37Vz Principal Gr 5.40 5.9 nc Cdn Long Is .7! Rank Organ Rovlund 4.63 4.7 01 Cdn Super 30.00 Shell Inv 29.25 United Ac 4.07 5 Taken i [Over a i i TORONTO (CP) Control ot Clileflan Shell Inv Wts 72.50 VANCOUVER Dome Pete 54.00 Sicks Rainier Anuk 20 Dynam Pete 1.30 West Cdn Sd 2.10 Arctic Mining .23 _ French Pete White and Yuk 13.75 Ailas Expior 1.10 Gt Plains 23.50 CALGARY Beth Copper 13.25 rs Mill City 1.45 Acrol! 7.05 Bornlte Ridge .26 New Cont 1.05 Anac Pete 07 Blork Brothers 3.00 North Cdn Oil fi.OO Barons Oil OS Brenda 9.50 n- Numac 5.85 North Conr B.C. Sugar Gunnai' Mining Ltd. and its subsidiary McNamara Corp. Lid has been acquired by Bovis Holdings Ltd., based in London, for "We have been burdened with a substantial bank indebted- 01 Petrol 1.30 West Warn 41 Churchill Copper 2.95 Pinnacle .78 Leduc Calm Crestbrook For 1 6.50 Place Gas 1.15 Madison Croyden 27 IS Ponder 46 Quinaita 05 Dolly Varden .37 al Ranger 9.25 Rexdale .10 Dynasty 4.60 Scurry Rain 16.25 P1PELIMF Endako 13.25 Spocmer 1.3 j STOCKS Forf t_ .5rj West Dec 5.20 A a ?J. A Giant Mascot 3.05 -ss' Atco Indus 10.75 N and C B PFd Brew'" 4X> 9. Aqualainc 21.50 Gai Metro 3.7i Jericho 'oa Brit Nlld -t.w Tr Cdn Pipe 28.75 KamlooDS Coooer 10 e- Cdn Brew A 29.00 Tr Cdn Pine Pfd 37.50 Kaia Copper 18 3r Cdn Hyd Car 13.75 Tr Cdn P War 7.90 lornex 690 Cdn Pac Inv 20.75 Westcoast Tr 18.00 Lvtlon Minerals" 245 CPU Pld 8.50 Western Pacific 4.75 Madrona 2 Cygnus A 4.65 MUTUAL FUNDS New Cronin 07V Cygnus B 4.75 AGF Special 2.05 New Imp Mine! 1.72 Q Gt Cdn Oi! 3.85 All Cdn Com 6.19 6.76 North Star Copper .55 ;0 Gt Cdn Oil Sd 100.00 All Cdn Divld 7.21 7.6B Primer Thoniaas P. O'Connor, president of Gunnar, said, adding that the takeover included a plan to reduce substantially the estimated bank debt. The announcement was made jointly by Mr. O'Connor, Frank Sanderson, managing diector oi Bovis, a construction firm, and Douglas McKce, president of McNamara. For Bovis acquired or 56.5 per cent of the total shares at 51.35 a share. Home Oil A 16.50 All Cdn Vent 3.10 3.39 Pyramid 25 g Home Oil B Amr Gr Fund 4.18 4.59 Silver Stand 1.55 Home and Pit 2.10 Cdn Invest F 3.98 4.37 T C Explor 38 Hud Bay Co 14.25 Col Mutual 4.92 5.40 Texmont 48 0 Hud Bay Oil 40.00 Comnw Inter 10.87 11.91 Troian SO Hud Bay Oil 53.00 Comnw Lev 2.67 2.93 Western Mines 4.60 Hugh Rus Pfd 20.00 Corp Invest 4.74 5.T8 Westcoast Res .20 a Husky Oil 9.75 Corp Invests F 4.34 4.74 Western Explor .22 Husky Oil 'B 36.6214 Dreyfus F U.S. 9.8010.7! Utica stock was suspended from trading Tuesday on the Toronto Stock Exchange and traded at before the suspension. Trading was resumed today. I TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada n LAST BID OR SALE 2 a.m. Quotes] a.m. Quotes) a.m. Quotes) .INDUSTRIALS Molsons A East Mafartic PROBLEM South Africa has an estimatec alcoholics in a total population of n North, Cent Falconbridge 146.00 Alcan Pembtna Pp 20.75 Frobex Algoma Steel 73.50 Power Corp First 1.39 Atco Ind 30.50 Price Co 7.50 Giant Y.K 7.30 Allan Sugar Rothmans Gortdrum 3.50 Sell 435Q Shell CDA 29.00 Gunnar 1.40 Brazil Trac V 13 Simpson's 14.50 Granduc 8.30 Be Tel 5B62V2 Sears 19-5D Headway R.L. 10.00 Burns steel of Can 22-12'A Holliriger 29.50 B.C. Forest'. 2150 Selkirk A 10.75 Hud. Bay M-S 22.00 BC uqar 1575 Texaco 31.00 Highland Bell 2.85 6 CAE Ind ..I 3.90 Traders Gp A 8.75 Iron Bay 2.75 Cdn Brew 750 Trans Mtn Pp Iso 1.60 e Chemcell 475 Trans 'Can Pp 2B.62Vi Joliot Quebec .27 t- Col Cellulose 4.90 Un'011 Gas 13.37W Kerr Addlson 10.50 Cal Power 2100 Union Oil 36.00 Key Anacon .40 Coron Credit 105 Versatile Mfg 2.60 Labrador 27.75 CWN Gas 975 Westeel 9.25 Lake Shore 3.55 Cdn Indust 8.25 Union Car Leitch 1.40 y Canada S S 20 Weston's 8 21.50 Langis Silver .OS Cdn a'.OO Woodward's A 15.50. Macassa Cdn Vkkers 615 3U x-w Madsen K.L. .83 S Chrysler 2200 Zefitth Elec 1.25 Martin McNeely 11.00 CPR 53.50 BANKS Maybrun 22 Cominco Cdn Imperial 19.62V2 Maclnfyre 160.00 Cons Bath 1150 Montreal !5.12V2Mefa 17 n Cons Gas 16.50 Nova Scotia Midrim OF DIVIDEND No. 60 j Dam bridge 15.00 Tor-Dom 17.75 New Athona .17 6 Domtar 12.50 MINES New Calumer .24 Dom Textile 11.50 A-_n M New Imperial 176.00 Dom Stores 12.62Vj Acme W Noranda 27.75 Dome Pete 54.00 Advocate Asb. 1.95 Northqate 10.50 Fam Play Atcaitcho 39 Opumtska 12.12W Fd of Amr 44.00 Area Mines 2.M Oslsko 31 5 Gt Cdn Oil 3.85 Belcher Iron .40 Patino 38.50 s Gen Motors 49.25 Black Bay 09'A Pine Point 30.75 0 Gt Lakes Pap 77.2S Bralorne 2.JO Placer Dev. 31.50 Gulf Oil Cda 76.25 Broulan .74 P.C. Exp 86 Hawker Sid 1.70 Bethlehem 13.12'A Quebec Man .19 Huron, erle 14.50 Brunswick 5.00 Rayrock 1.31 o Hiram Walk 41.50 Canada Tung. 2.07 Radiore 35 Imperial Oil Cassiar 20.62'A Rio Algom 1B.37V 3 Imperial Tob 13.75 Central Pat. 2.17 Roman Corp. 6.60 nt Nickel 40.25 Chlmo 1.25 Silverfields 2.JO nt Pipe 25.75 Conwest 9-JO Sherritt Gordon 18.75 i Inv Gp A Cons. Rambler Silver Miller .06W Int Utilitise 25.50 Coin Lake 14 Steep Rock 3.00 ndust Accept Cochenour -il SIscoe l.po 1 Laurentlde 3.SO Craigmont 10.50 Tek Corp 5.75 Kelly Doug A 5.25 DIckenson Mine 1.50 Texmont 48 Loeb 5.75 Denison Mines 25.00 Upper Canada 1.66 Loblaw A 6.00 Deer Horn 07 Western Mines 4.55 Metro Stores 17.25 D'Eldona 1.15 Willroy 1.64 Massey Ferg 9.25 Dome Mines 54.00 Windfall lOfo McMillan Bloe 25.25 Donalda .31 Yellowknlfe 8r. 5.10 Moore Corp 29.00 Discovery Mines 1.40 Zen mac .IDVj NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T 45.75 Montgomery Ward 23.25 20 Golds 151.07 up "B" SHARES Notice is hereby given that the Board of Directors has declared a dividend at the rate of per share on the Class "B" (Membership) shares (par value This is out of earnings appropriated at the rate of 30 cents per annum in the three year period ending July 31, 1969, and 30 cents appropriated in the year ending July 31, 1970. This dividend will be paid on or about September 1, 1970 to holders of such shares of record at the close of business on Friday, July 31, 1970. By Order of the Board. Bth Stee 21.75 Std Oil of N.J. 59.50 15 W Oils 157.27 off 1.06 Chrysler 20.87V2 Texas Gulf 114.25 Volume Comsat 40.75 Texas Co 30.00 NEW YORK AVERAGES Dupont 124.00 Wolworth 30 Indusf 736.45 up 5.00 General Motors 68.75 'Westlnghouse Elec 66.50 20 Rails 129.74 up .92 Gulf 25.25 U.S. Steel 30.50 15 Utilities 104.42 up .22 Int Harvester 24.25 TORONTO AVERAGES 65 stocks 229.91 up 1.39 Kenn Copper 43.75 20 Indust up 1.18 Volumn GRAIN GROWERS LIMITED J. A. WHITE, Store For 16, 1970. Winnipeg, Manitoba. In Odd Fellows AVAILABLE AUG. 1, 1970 WRITE P.O. BOX 116, IETHBRIDGE 1 OR CONTACT BURNS IITTIE 529 14th ST. 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 pleiw er phone SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CAIGARY, Alberta. 263-5683 (403) ASSISTANT CHIEF ACCOUNTANT For North Canadian Forest Industries Limited, Grande Prairie, Alberta, an expanding, integrated plywood and umber manufacturing industry employing over 500 and on accounting and clerical staff of 20. Initial duties of this new position include the areas of monthly statements, asset records, budgets, year-ends, tax returns, and systems. The position offers wide scope and excellent opportunity for advancement particularly in tht areas of systems and administration. Good salary open for discussion with applicant C. A. Degree is required. Applications marked "CONFIDENTIAL" to -Chief Accountant, North Canadian Forest Industrie! Limited P.O. Box 100 Prairie, OF DIVIDEND No. 60 CUSS "A" SHARES Notice is hereby given that the Board of Directors has declared dividends totalling 6% on the amount paid up on Class "A" (Preferred) Shares (par value These dividends, consisting of a preferential dividend of 5% and an additional dividend of 1% will be paid on or about September 1, 1970, to holders of such shares of record at the close of business on Friday, July 31, 1970. By Order of the Board UNITED GRAIN GROWERS LIMITED J. A. WHITE, Secretary. Jury 16, 1970 Winnipeg, Manitoba ;