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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 31, 1970, Lethbridge, Alberta MISCELLANEOUS QUOTATIONS Friday, July 11, 1970 THE LETHBRIDGE HERALD Vancouver, Calgary, Montreal H (Supplied by Doherty, KMdhouse and McCuaig) H LAST BID OR SALE H (HIM t.m. Ouolii) t.m. ouotM) B WESTERN OILS Inler SM'A Drsylu> F U.S. 117 With Canadianization? ,.t2 By I. H. ASPEll live pooling of capital for sub- Such a potential situation which is currontlv- wmlnB Small Gc In Stock TORONTO (CP) The T( ronto stock market posted small gain in light mid-mornin trading today, cancelling qu earlier losses. On index, industrials were u .46 to 156.83, base metals .44 Made Market i- 93.07 and western oils .25 a 155.64. Golds were unchanged g 150.54. t V o 1 u me by 11 a.m. w shares, down fro 5 at the same time Thui o day. Gains outnumbered losses to 63 with 134 issues unchange Strongest gains were in beve age, industrial mining, a pipeline sectors. Among advancing stock Scott-LaSalle was up 1% to 227 Aquitaine to Noranda to Moore to Occ dental Pete to 17V4, Dominie Glass to 10% and Canadis Tire Vt to 22V4. Sherritt gained 1% to The company reported secon quarter net earnings of 38 cen a share, up from 18 cents in tl corresponding period of la year. SLIGHT RALLY MONTREAL (CP) Price showed a slight rally on th Montreal stock market todaj rebounding from a sharp de> line Thursday. Volumes wer light. Senior mines and oils wer firm as Texaco rose Vt to X Noranda to 28% and Aqu taine Vs to Imperial .Oi was unchanged at 17y8. Moore Corp. rose to 29% Alcan Aluminum to 20% CPR to 54% and Bank o Commerce Vs to 18V4. Roya Trust slipped to 26 and Eel Canada Vi to On index, industrials rose .5 to 159.31, papers .37 to 87.3P, th( composite .36 to 154.63 and utili ties .02 to 128.78. Unchangec were banks at 166.28. Volume at 11 a.m. wa. DJA AHEAD NEW YORK (AP) The lustre vanished today on a stock market rally that followed the news of Israel's acceptance o1 news of Israel's acceptance ol the United States Middle East ceasefire plan. By noon the Dow Jones average of 30 industrials was ahead only 0.28 at 735.01. The blue-chip indicator had been ahead about 5% points shortly after the news broke near the session's start. Among Canadians, Canadian Pacific rose Melntyre Porcupine Alcan V4 and Dome Mines Inco fell On the American Stock Exchange Canadian Javelin fell Vt. Canadian Marconi rose 11.75 Joutel Band 10.42'A Ka sir B. P. oil 4.00 Kam 1 Con South 3.90 Lake C Cdn Exp Gas 4.75 Mentor Cdn Grldoll 7.45 Newco Cdn Home 7.25 Pac P Cdn Ind Gas 9.25 Rank Cdn Long Is .72 Selkirk Cdn Super 29.75 Shell Cent Del Rio 10.25 Shell 1 Charter Sn4n Chleftdn 7.00 Slckj Dome Pete 32.50 west C Dynam Pete i.jl white to French Pete 5.95 L Great Plains 22.62'A Acrull Mill City 1.47 Anac F New Conl l.po Barons Numac i.85 North ds Permo B2 West V m Petrol 1.34 Leetuc Pinnacle 74 Medisor S- Place Gas 1.14 Qulnalt Ranger 9.20 Rexdgie m Scurry Rain 15.25 pipi IK Spooner 1.35 G d. West Dec 5.25 G MISCELLANEOUS Inland r- INDUSTRIALS N 1.20 Gr In Shares 2.79 RM Invest Gr 4.77 Colls l.ti Invest Mutual 4.72 )nt PI 1.90 Mutual Ac P e flown from Edmonton Buses ?re ta be used to trans port passengers bound for Ed 'Hinton and Jasper in Al jerta. Passengers scheduled tc eave Vancouver on two trans :ontinental trains Friday wil le flown to Edmonton where hey are to board eastbound buy another Canadian Company, earning per year after tax, the buyer will have interest expense of per year which, generally speaking, is not deductible. A United States buyer can deduct its interest expense, thus dramatically reducing its actual acquisition cost. This has s. often allowed the foreign bid-e der to offer a price higher than n its Canadian competitor, with j the usual and obvious result. 8 The tax White Paper goes some distance toward remov-f ing this obstacle to Canadian ownership by making interest j expense deductible, generally, and by giving more favorable tax treatment to earnings of Canadian-owned companies as opposed to those owned by for-! eign shareholders. However, the tax reform plan does not j go far enough and thus fails to n put Canadians in a tax position where they can compete with foreigners in bidding for Cana-" dian companies. 1 It provides, in effect, that the interest expense incurred by borrowing the nioney for the acquisition can only be offset against the income earned from the company acquired. There is no such limitation in the United States. The result is that where an American and Canadian company are competing to buy another Canadian 7.26 7.93 Pyramid 26 Vent 3.12 3.41 silver standard 1.50 Fund 4.20 4.61 T C Explor 48 est F 3.99 4.38 Texmont 49 ual 4.94 Trojan 55 Inter 10.90 11.95 Western Mines 4.50 Lev 2.68 2.94 Wejtcoast Res .20 vest 4.74 5.18 Western Explor MINES, INDUSTRIALS Supplied by Richardson Securities of Canada r, LAST BID OR SALE a.m. Quotes) en: 00 a.m. Quotes) a.m. Quotas) e INDUSTRIALS Molsons B 13.50 Frotaic 77 AbltJbt 725 Norffi- cent o 12.SO First Marlflmts 1.15 6 Pemblna- Pp 20.00 Giant ,YK 7.50 AIcan M.87V4 Powar c _ Gortdrum 3.50 Algonrsa Steel 13.00 Piice Co 7.25 GOnnar 7.17 Atco Ind 10.00 Rolhmans 12.00 8.60 1 Aflart Suaar 6.25 Shell CDA 2S.75 Headway R.L. 10.50 1 Bel Tel 42.50 Simpson's 14.6214 Holtlnger 30.00 Brazil Trac Simp Sears 19.50 Hud. Bay M-S 23.00 B.C. Tel 59.50 Steel of Can 22.12'A Hydra Ex 19 Burns 8.75 Selkirk A 10.75 Highland Bel! 2.85 B.C. Forest 25.00 Texaco 22.00 Iron Bay 2.79 r B.C. Sugar t 1V62'A Traders Gp A 9.00 Iso 1.50 i CAE Ind 3.90 Trans Mln Pp 16.75 Juliet Quebec .27 Cdn Brew 7.37'A Can Pp 50.37Vi Kerr Addlson 1050 i Chemcell 4.65 Union Gas 13.75 Key Anncon .40 1 Col Celullosi 4.75 Union Oil 32.00 Labrador 2B.25 Cal Power 51.50 Versatile Mfg 2.50 Lake Shore 3.30 Coron Credit 1.05 Westee 9.25 Leitch 1 53 CWN Gas 10.00 Union Car 12.00 Lannfe Sliver .05 Cdn Indust Weston's B 21.50 Macassa 1 30 Canada S S 22.00 Woodward's A 14.75 Madsen R.L, .84 Cdn Marconi 3.25 West Cdn Sd J..05 Malartlc G.F. .67 Cdn Vlckers 6.25 Zenith Eelc 1.30 Martin McNeely 11.00 Chrysler 22.25 BANKS AAaybrun .24 CPR 54.25 Can Imperial Maclntyre 160.00 Cominco 21.00 Montreal 15.00 Afleta 17 Cons Bath Nova Scotia lfl.00 Midrlm .32 Cons Gas 16.25 Royal 21.75 Intern Mogul 10.50 Dist Sea J5.75 Tor-Dom 18.00 New Athens .17 Dom 75.50 MINES New Calumet .23 Domtar 12.75 w New Imperial 1.75 Dom Text 11.75 Advocate Asfa. 1.90 Noranda 28.50 Dom Stores 12.62'A Akaltcho 37 Northgate 10.87'A Dome Pete 1.25 Area Mines 1.95 Opemiska Fam Play 8.62'A Belcher Iron .38 Opemiska 12.1 2'A Fd of Amer 44.00 Black Bay Oslsko 31 Gt Cdn Oil ?.B5 Bralorne 2 M Patlno 3775 Gen Motors 70.25 Broulan 24 Pine Point 3075 Gt Lakes Pp 17.50 Bethlehem 13.50 Placer Dev. 32.00 Gut Oil Cda 16.00 Brunswick 5.00 P.C. Exp. 79 00 Hawker 1.75 Canada Tung. 2.03 Quebec Man .24 Huron, Erie 14.S2W Cassiar 2000 Rayrock 130 Hiram WalK Central Pat. Radiore 32 mpeilal Oil 17.12'A Chlmo 1.26 Rio Algom 19.00 mperial Tob 13.50 Conwest 9.50 Roman Corp. 6.35 Int Nickel 39.50 Cons. Rambler .91 SIlverHtlds 201 Int Pipe 23.00 Coin Lake 15 Sherrltt Gordon 19.75 Inv Gp A Cochenour 40 Silver Miller .Ofi Int Utilities Craigmont 10.75 Steep Rock 3.05 ndust Accept DIckenson Mine 1.40 SIscoe 1 80 Laurentide 3.BO Denison Mines 25.00 Tek Corp. 5.40 Ke ly Doug A Deer Horn 07 Texmont Loeb 5.50 D'Eldona 1.12 Upper Canada l.AO Loblaw A 6.00 Dome Mines 56.00 Western Mines 4.45 Metro Stores 17.50 Donalda 31 Wright Har. 1.45 Massey Ferg 9.62'A Discovery Mln> 1.35 Willroy 1.53 McMillan Bloe 25.50 East Malart c 1.00 Windfall Wfr Moore Corp East Sullivan 5.70 Yellowknlfe Br. 4.65 Molsons A 13.75 Falconbrldge 148.00 Zenmac NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T .15.75 Montgomery Ward 23.6714 20 Golds 1SUO off .14 Anaconda 24.00 Sears 63.75 10 Base Met op .9? Bin Steel 22.50 Std Oil of N.J. 62.1M 15 W Oils 154.93 off .91 Chrysler 22.00 Texas Gulf 114.50 Volume Comsat 38.50 Texas Co YORK AVERAGES Dupont 124.00 Wolworth 31.87'A 30 Indust 734.12 off .61 General Motors 68.62'A Westinghouse Elec 46.00 20 Rails 130.82 up .92 Gulf 26.B7M: U.S. Steel 3I.7S IS Utilities 104.87 up .38 nt Harvester 23.25 TORONTO AVERAGES 6! Stock.'. 230.10 up .42 Kenn Copper 44.00 20 Indust 157.12 up .75 Volume Deadline Friday WINNIPEG (CP) As of noon Thursday, all Prairie points were on a delivery quota of four bushels per specified acre, an official of the Canadian wheat board said. Some 17 delivery points, all in Saskatchewan, were on a three-bushel quota at dose of business Wednesday, but their addition Thursday brought the total number of points on the four-bushel quota to Of these points, 322 were In Manitoba, 953 in Saskatchewan, 496 in Alberta and seven in British Columbia. Farmers have officially until the close of the current crop year at midnight Friday to deliver their quotas. The four-bushel quota objective was reached after 46 points were added Monday and 62 Tuesday. Futures WINNIPEG (CU) Interest on the Winnipeg beef futures market Thursday was light, with some trades in the September future at prices marginally stronger Chan the previous close. Open High Low Close Wed. Sep 29.40 29.40 29.25 29.35 29.30B Nov 28.80A 28.82N Jan 29.00A ARSENAL PARIS (Reuters) weapons will replace atom bombs in France's arsenal between 1975 and 1980, Defence Minister Michel Debre said Mi Sales Sli OTTAWA (CP) Farm machinery sales were down by more than one-quarter at the end of May from what they were a year earlier, an of the cash-short position of Canadian fanners. The Dominion Bureau of Statistics reported Thursday that sales of new farm implements and repair parts were down 35 to 43 per cent in the Prairie provinces alone. Sales of farm tractors in the Prairies and British Columbia numbered only in the Jan- uary-May period this year, com- pared with in the same five months of 1969. Sales of the big- ?est implements bought by Prairie dropped to 110 by the end of May this imp priced at the dealers' buying irices, totalled in the first five months of 1969, but only in the same pc-lod this year. That is a reduc-ion of 28.7 per cent. Repair part sales alone were 3own 8.8 per cent to rom Sales of machinery and par ff ere down 35.7 per cent in Man-toba, 43.3 per cent in Saskat-hewan and 41.6 per cent in They were also down 18.3 er cent in Quebec, 8.2 per cent n Ontario, and 12.7 per cent Jritish Columbia. They were 22.1-p e r -c E n t u'gher in the Atlantic provinces. Tiis was apparently due to gov-mment programs to revitalize he agricultural Prices WINNIPEG (CP) The Mari- RESIGNS MONTREAL (CP) -The Star announced here the resig-nation of John G. McConnell, 58, as publisher. Mr. McConn.ell's successor is Derek A. Price, 37, 1 who has been the newspaper's i chief executive officer, potato futures market con-inued inactive Thursday, with Jrices steady at previous close evels. 3pen High Low Close Wed. tfov 2.30A 2.30A Kar J55N 2.55N ipr 2.65N 2.85N lay 2.95 2.95 2.91N Prices EDMONTON (CP) Prices o 11 a.m. today provided by 3ie Alberta Hog Producers Marketing Board: Edmonton: Quoted 28.30, selling 28.30, Thursday average 28.63. Red Deer: Quoted 28.30 to 28.35, selling 28.30, Thursday average 28.48. Calgary: No sales, Thursday average 29.05. Lethbridge: No sales, Thurs-iay average 29.44. L 1 o y dminster: No sales, average 28.10. Sows 17.75. Hogs sold 118, Tiursday average Markets To Close TORONTO (CP) On Monday, Aug. 3, the Calgary Stock Exchange, Winnipeg Grain Exchange and all Toronto markets will be closed to observe the annual civic __ Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 500 head mostly replacement cattle Trade was active. Slaughter cattle were scarce selling steady with.closinf prices Thursday. Good to choice slaughter steers 28.50 to 29.90, medium 27 to 28.25. Good heifers 26.50 27, medium 25 to 26.25. Medium cows 20.50 to 21, earners and cutters 18 to 20.25. Replacement cattle met a good local demand at steady to strong prices'. Good feeder steers more than 750 pounds 29 to 31.40 with sales to 33, less than 750 pounds 32.50 to 36. Good1 feeder heifers more than 650 pounds 29.50 to 32.70. Medium stock steer calves 33 to 38. Medium heifer calves 30 to 34. A few butcher weight calves 33 to 34.50. The Calgary market will be closed Aug. 3 for the civic holiday, but the usual handling fa- cilities for livestock will be pro- vided. QUALITY DENTURE J 1 CLINIC 1 1 EDDY DIETRICH 1 1 Certified Denial Mechanic 1 'J 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 please write er phono SMITTY'S PANCAKE HOUSES LTD. 709 8th S.W., CALGARY, Alberto. 263-S683 (403) from 432 last year. They are machines that a i armer buys only once in many 'ears, and this year's grain bar-rest will be a great deal smaller than last year because )f the government's subsidy jrogram to encourage farmers o take land out of wheat-grow-NDICATE FARM HEALTH But farm implement sales are videly accepted by economists s an indicator of the health of re farming community. When noney is easily earned, farmers uy heavily against the uch as when earnings POSITION 1 WANTED 1 By intelligent, mature, 1 bondable and conscientious 1 male in early thirties. 1 EXPERIENCE includes ae-1 counting, office rrianage-1 wholesale and re-1 tail sales and sales man-1 agement. 1 POSITION required 1 should be interesting and 1 challenging with growth potential in key company 1 position. 1 SAtARY open to negoti-1 ation but of the road with an HFC Traveloan Need extra cash to make that family vacation a reality? See us for an HFC Traveloan. Cover every cost from gas and oil to luggage, lodging, and souvenir shopping. Repay conveniently when you return. This vacation, hit the happy road-with a n H FC Traveloan Bazaar Charges Laid CALGARY (CP) Charges >f keeping a gaming house vere laid against Hyman Sarshman and Corinne Prom-slow of Calgary as the result )f a complaint, about a May 20 bazaar. The charges, laid under au. :iorization from the attoraey-Jeneral's department, alleges hey operated black jack ames and a wheel of fortune. They appeared in court as K result of summonses and rere remanded without plea to ug. I Net Earning! st By THE CANADIAN PRESS Canada Trust-Baron and Erie gronp, six months ended June and they have to make do rith older equipment. DBS reported that sales of ew machines and repair parts, position. 1 Further details available 1 by phoning EXCLUSIVE WHC AVAILABLE IN A National Corporation cations from persons or ex sti interested in WHOLESALE SUPP DISTRIBUTORSHI System of Dispensin Beauty Industry and other Supply Supply -Development of Retail fu For Personal Inter LONDON LIN Box 5684, Stn. "A" LINE rOUR AREA i now accepting 1970, 42 cents a hare; 1969, 39 cents. Hudson's Bay Oil and Gas Co. Ltd., six months ended June 30: 970, 47 cento a hare; ALUMINUM AWNING Improve th> appearance and va uo of your today. CONTACT-Progressive Roofing Awnings 330 27th St. S. Phono 327-6679 Between 12 noon and 1 p.m. or a lo i for your loan by phone. We'll supply your loan by MONTHLY PAY J.f, w a is miltl Klltl PtANS so it n 18.35 28.37 23 73 32 86 51 24 Companiel who are LYING: 9 INCLUDES 3 Bulk Products In tho nduslries let fiew Write: ES LTD. nlflary, For Rent Corner 4th Avenue and 5th St. S. In Odd Fellows Building AVAILABLE AUG. 1, 1970 WRITE P.O. BOX 116, IETHBRIDGE OR CONTACT BURNS UTTLI SM Hth ST. 58.11 91.56 77.16 94.48 3001 92.59 113.38 4080 107.53 123.46 151.17 134.41 154.32 payments fcclude crincba! at.d Interest nnd based Oft prompt repayment but do not int'jrfE cast ollitc insurance. HOUSEHOLD FINANCE M ftf Avenue Telephone 327-1511 (Iwo doors weil of Kresges) Ask about cur evening ;