Internet Payments

Secure & Reliable

Your data is encrypted and secure with us.
Godaddyseal image
VeraSafe Security Seal

Lethbridge Herald Newspaper Archives

- Page 13

Join us for 7 days to view your results

Enter your details to get started

or Login

What will you discover?

  • 108,666,265 Obituaries
  • 86,129,063 Archives
  • Birth & Marriages
  • Arrests & legal notices
  • And so much more
Issue Date:
Pages Available: 18

Search All United States newspapers

Research your ancestors and family tree, historical events, famous people and so much more!

Browse U.S. Newspaper Archives

googlemap

Select the state you are looking for from the map or the list below

OCR Text

Lethbridge Herald, The (Newspaper) - June 2, 1970, Lethbridge, Alberta Market Mixed In Early Trade TORONTO (CP) The To- ronto stock market was mixed to sharply higher in light mid- morning trading today. On index, industrials were down .37 to 153.28. Golds adv- anced 2.01 to I43.'14, base metals .48 to 91.04 and western oils 1.76 to 134.91. The market opened with small gain in industrials hut drifted downward during the first tour of. trading. Volume by 11 a.m. was shares compared with at the same time Monday. Advances outnumbered dec- lines 152 to 66 with 167 issues unchanged. Analysts believed investors still were cautious about the un- pegged Canadian dollar. Two Years 'Not Severe Enough' CALGARY Jus- tice S. Brace Smith of the Al- berta Supreme Court's appeal division said Monday he has asked the federal government to increase the maximum1 sen- tence for assault c a u s ing bodily harm. In dismissing an appeal by Roy Ervin Nagle for a reduced sentence, Chief Justice Smith said he has sent a letter to Justice Minister John Turner requesting an increase in the maximum two year sentence. He said two years, the same maximum that the Criminal Code provides for the lesser charge of common assault, "is not severe enough." Nagle, convicted of assault- ing his common-law wife ear- lier this year, asked that his [writentiary sentence be re- duced to a jail term so that he could obtain treatment for al- coholism1. Northwest Extends Service EDMONTON (CP) North- west Industries Ltd. of Edmon- ton announced today it has ex- tended aviation servicing facili- ties to Whitehoree, Y.T. R. G. Schram, manager of commercial aviation sales and service for Northwest, a sub- sidiary of CAE Industries ol Montreal, also said it is hoped to establish facilities this sum- mer at Yellow-knife, N.W.T., and Prince George, k> meet servicing problems in the north. Hog Prices Monday sales 668 hogs. Weaner and feeder hogs under pressure. Weaners or more lower. Light feeders under 100 Ibs. 1-2 dollars per head lower. Heavy feeders over 100 Ibs. steady to lower. Weaners 12 to 20. Light feeder's under 100 Ibs. 23.50 to 25; Heavy feeders 100 to 130 Ibs 26 to 32; heavy feeders over 130 Ibs 33.50 to 37.25. AH prices per head. Light feeders under 100 Ibs. sold be- tween 30 and 36 per hundred- weight. Heavy feeders over 100 Ibs 21 to 25.75 per hundred- weight. EXTRA WEAR FOR EVERY PAIR MIKE HANZEL 317-7IH STREET SOUTH Meat Exports To Are DIVIDENDS By THE CANADIAN PRESS Great West Life Assurance Co., common 35 cents, July 1, record June 15. Tamblyn Lid., common 20 cents; pfd. 50 cents; both July 2, record June 5. Revclstoke Building Materials Ltd., 30 cents, Sept. 1, record Aug. 14. Molson Industries Ltd., class A 18 cents; class B 18 cents; both July 1, record June 2. Maple Leaf Mills Ltd., com- mon 20 cents; per cent pfd. both July 2, record June 15. Selkirk Holdings LM., class A 7% cents, June 30 record June 16. Smitty's Pancake House Franchise Available Excellent- location in Marathon Development in City of Lethbridgs to be open about Octo- ber, 1970. Cash required approximately Capita! investment returned in ap- proximately four years. For further Informalion please write or phone SMITTY'S PANCAKE HOUSES ITD. 709 8th Ave. S.W., CALGARY, Alberta. 263-5683 (403) Largest losses were in batiks and oil refining Issues. Among (ieclini.ig slocks. To- ronlo Dominion Bank was down 14 to Hudson's Bay Oil and Gas to 34 and Moore to 30. Among advancing issues, Fal- conbridge was up IVz to 133Vz, Bow Valley to Dome Mining Hi to 53, Asamera to acd Mclntyre 2 lo 156. DECLINES Prices on the Montreal stock market declined slightly today, continuing a downward trend that began Monday. IOS Ltd., however, was up 20 cents to 3.00, reversing Mon- day's decline that began when the Security and Exchange Commission in the United States restated its refusal to permit IOS to engage in the security business. It was announced later that a consortium of European banks may be formed to take over IOS. Among declining issues was Toronto Dominion bank off to IBVi, Bank of Nova Scotia to and Bank of Montreal Vi to lo'.ii. Among senior mines and oils, Imperial Oil declined to 16, Denison to 25, Inco to 40 while Shell Canada was up to 241-2 and Triad Oil 30 cents to 3.50. Highlighting industrial gains, Distillers Seagrams rose to CPR to 54% and Al- goma Steel Vs to On index, industrials were off .59 to 154.45, banks 1.09 to 163.11, the composite .39 to 149.63 and papers .29 to 87.66. Utilities were up .63 to 122.54. Combined volume on the Montreal and Canadian Stock Exchanges' was at 11 a.m. compared with at the same time Monday. MODEST DIP The stock market was mixed today in fairly active trading, following modest price declines. By noon, the Dow Jonas aver- age of 30 industrials had slipped 4.10 points to 706.26, the low for the session so far. The average had advanced as much as 1.65 points early in the session. Winning issues on the New York Stock Exchange led losers by a margin of about 7 to 6. Analysts attributed the slip- page to profit-taking, which they said was normal following a rally of such monumental pro- portions as occurred during the four previous sessions. The Associated Press 60-stock average was unchanged at 245.1. Glamor issues were gen- erally lower. Prices of these stocks included Telex, off at Tel.edyne, down to Zerox, off 1% at 81'A; Control Data, off at IBM off 7Yt at and Polaroid, of 1% at 73. Among C a n a d i a n s on the NYSE, Mclntyre Porcupine was up 1, Distillers Seagrams gained Is and Hudson Bay Mining was up Vz. Dome Mines and Interna- tional Nickel were off Vz and Alcan was down Yt. On the American Stock Ex- change, Preston was up V4, while Canadian Marconi and Scurry Rainbow were down WASHINGTON (AP) Can- ada shipped pounds of meat into the United States dur- ing the first tour months of this year, or more than half of whai U.S. agriculture department 'ex- perts had expected for all of 1970. The four-month total included pounds of meat, mostly beef, imported from Canada during April, Hie department said Monday. Officials esti- mated late last year that Can- ada would ship about pounds of meat into the United States this year. The estimate was part of the department's projected meat import total of pounds expected in 1970 under a formula provided by a 1JIG4 meat-quota law. But the rising Canadian im- ports have stirred some mem- bers of Congress to charge that the shipments actually repre- sent many "third-country" sup- plies which are funnelled through Canada allegedly as an effort to bypass the quota law. All major supplying countries Australia and New asked to restrict voluntarily meat shipments to the United States this year ac- cording to a formula in order to avoid stiff quotas. BASED ON AGREEMENTS The pound total projected for 1970 represents an estimate by Agriculture Secre- tary Clifford M. Hardin based on the voluntary agreements, If Hardin decides meat im- parts actually will run more for m a x 1 m u ;-n pounds permitted 1970 a quotas must be pro- claimed for the remainder of the year. His next quarterly es- timate is due the end of June. Canada was not asked to sign a meat-import agreement awl about 40 per cent of Hardin's thus, technically at least, is not total 1970 estimate of bound to hold shipments in line as are other countries. Meantime, the January-April cumulative total for all quota- type meat imports was reported by the agriculture department on Monday at pounds The four-month total Included pounds of meat im- ported during April, the most j recent month tabulated, com-' pared with n year ear- lier. Air Bag Safety Feature Rejected For '73 By Ford DETROIT (AP) The Ford Motor Co. has given a flat no to a United States gov- ernment proposal that 1973 cars be equipped with an air- bag system to protect occu- pants in event of a crash. Ford's unqualified rejection was tiie strongest voiced yet in the auto industry. General Motors earlier had called the plan ''technically feasible" but said there was no way of meeting the 1973 timetable. Start M. Frey, chief body engineer of Ford, said Mon- day: "Ford is as anxious as any- one to halt the death toll on the highways, hut even if we did have a developed air-bag system, which we do not have now, we could not meet the proposed effective dates for installations in cars." Government and industry will exchange views on the air-bag system at a Washing- ton conference June 24. Ford gave 50 magazine writers a first-hand look at the system Monday. A film clip showed a test MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhause and McCuaig) LAST DID OR SALE B.m. Quoles) a.m. Quotes) a.m. quores} car equipped with interior air bags colliding head-on with another car at 30 miles an hour. The bag failed to inflate fast enough to keep a hoy-sized dummy in the front passenger scat from crashing into the car windsield. "If that had been a real boy and a real collision, that boy would have been said Frey. Tucifloy, Juno 1770 THE lETHBRtDGC MI-SAID 13 Lethbridge Livestock (Supplied by Canada Department of Agriculture On offer to 11 a.m. 185 tic. Receipts mostly cattle. Trade slow. KAY APPOINTMENT George T. Richardson, 4n, of Winnipeg was designated In London to become deputy governor of the Hudson's Bay Co. when the head office (if the historic company is trans- ferred from the United King- dom to Canada. Mr. Kichani- son is president of .lames Richardson and Sons Ltd. ot Winnipeg. to 27; medium 2J.: anl cutlers I bulls 25.75 to ?7 Hcphutmt'ii! c n t 11 c vert cat- mostly feeder sicers weighing more than 700 pounds that sold slaughter or more hr.vcr. flood feeder Good and j steers 30 to 31.40. There were choiee butcher steers meeting no stocl; or calves an indifferent demand. Prices i offer. SI or more lower. Med i u m grades 50 lower. Good and choice butcher heifers SI to 2'i lower. Medium and good cows SI or more lower. Good j feeder steers meeting j only fair demand. Prices weak to 50 lower. j Choice steers 30.25 to good 23 to 30; medium S7 to I s t c a d y In 50 higher other slaughter classes mostly steady, Choice heifers 28 to 28.50; good 27 to 27.75. Good cows 21.75 to 22.50; medium 20 lo 21.50; canners and cutters 17 to 19. Gocd heavy feeder steers 800 to B50 Ibs. 30 to 32; medium 27 There were nn bogs reported sold f.o.b. Calgary to 11 n.m. Portland Livestock PORTLAND calvcs m Slaughter cow (Ar> Cattk snd biula Grain Price Review Sows dressed weight 22. but heifers scarce. Feeder! j steady. Slaughter steers, choice, Son I to Ibs., 29.40 to 31.20. Slaughter heifers, occasional choice. 27.25 to 23. Slaughter cows, utility, 19.25 jto 23.50. fen- L4. Slaughter bulK commercial to Butcher hogs sold Monday; f.o.h. Lethbridge 23.55 to 23.80 i and 2M to 'M-x- base nrice Feeder steers, good and IMM. pun.. i choice, 700 to 1.100 Ibs., 26.50 i to 29.50. WINNIPEG (CP) Trading 11 N o r 2 3 1.62 was light in all commodities 4 1-51 Is; 1 Durum with prices moving narrowly 1-'1'i1' '-lil.E. on a firn: pattern on the Win- nipeg Grain Exchange today. Offers thinned in flax and rapeseed and were fairly well t a k e n by commission houses. There was no indication of ex- port buying interest in either jjv JQJJJ oilseeds, although there were yg' 245Vi some inquiries under the mar- High Flax Jly Oct 271 Nov 264 Dec 263 Rapeseed Jly 3033i Low 272 Vi 269 264 261 Close 271 264 263 WESTERN OILS Alrnlnex Asmara Banff Can South Cdn Exp Gas Cdn Griciol Cdn Home Cdr. Home Cdn .Ind Gas Cdn Long Is Cdn Super Cent Del Rio Chieftan Dynam Pets French Pete Gt Plains Mii! City New Conf Humac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Triad West Dec MISCELLANEOUS INDUSTRIALS Atco Indus Aquataine Brit Nfld Cdn Brew A Cdn Hyd Car Cdn Pac Inv CPR Ptd Cygnus A Cygnus B Cum Prop Gt Cdn Oil Gt Cdn Oil Sd Home A....... Home B Home and Pit Hud Bay Oil Hud Bay Oil Hugh RUE Pfd Husky Oil Husky Oil War. Inl Pro Pips Int Steel 16.75 1.95 2.15 2.25 5.60 20.75 11.G7' 23.55 9.95 1.15 Jeff Lake 3.90 Joutel 13.75 Kaiser Res 7.55 Kam Kotia 3.65 Lake Ont Ft 3.35 MGF Managa 6.70 Mentor v.25 Newconex 12.00 Pac Peie Rank Organ .90 Shell Inv 3-1.25 Shell Inv Wfs '9.25 Sicks Ranier 7.55 West Cdn Sd 1.28 White and Yuk 5.30 CALGARY Acroll...... 1.37 Anac Pete .94 Barons Oil 3.50 North Cont .80 Plains 1.04 West Warner .77 Leduc Cal.....08 1.18 Madison .......17 .45 Ouinalta 6.50 Rexdale .......16 16.50 PIPELINE STOCKS Alia Gas Tr Ln A 37.00 Alia G T L P 67.00 3.bO cdn West Nat Gas 14.50 North-Central 11.12V3 North-Cent B Pf 8 7S Gas Metro 3.90 17.00 Trans Can Pipe 25.00 425 Tr Can P Pf 36.00 30.25 Trns Can P Pf A 11 37V5 Trns Can P War Westcoast Trsns 8.13'A Western Pacific 4.20 4.30 8.00 3.60 8.87Vs Growth Equity 5.30 5.E2 1.20 Grp In Shares 2.79 3.05 Invest Grow 9.40 10.93 Invest Mut 4.57 5.00 IOS Vent 2.9B 3.26 Mut Acm Fd 4.22 4.6.1 Mut Grow Fd 3.76 4.14 Mut Income 4.59 Nat Resources 6.39 6.98 Princi Grow 3.67 4.03 Provld Mut 5.78 6.33 Retjent Fd 7.08 7.74 Royfund 4.57 4.71 Unit Accm 4.08 4.48 VANCOUVER Anuk Arctic Alining .19Vb Atlas Explor.....92 Beihlehem Copper 14.50 '03 Bornite Ridne .19 '.3, Block Brothers 3.25 .51 Bccnda......... 8.10 'no Brenmac .........63 B.C. Sugar Flax showed some strength on a moderately active trade. There were gains in all futures due to buying a U.S. house. Barley showed moderate strength on fairly active do- uestic shipper buying for east- ern feeders. There was almost no interest in oats with prices steady previous close levels. j Volume of trade Monday in-! eluded 403.000 bushels of "flax, of rapeseed and 000 of rye. Lakehead prices for class two and IGA wheat were down Nov Jan Oats Jly Oct Dec Barley Oct Dec Rye Jlv I Oct 'Dec 2-18 239 236 Vi 751, 235% 23614 76U HOVz 99% 105 107 109 99 Vi 104% 10914 HOlz 110% Ittiii Calgary Livestock CALGARY (CP) On of- fer to 11 a.m.: about 1.775 head, mostly slaughter cattle. Trade was Slaughter steers were a full SI lower with sales to 31.50. Heifers sold 75 cents to SI low- er. Cows were SI lower with sales (o 23.60. Bulls were ?2 lower. Man Oil Farm Best Inventor I Of Machines OTTAWA (CP) The roan back on the farm "continues to Choice steers 30.75 to 31.20, j be the most important source of good 29 75 to 30.75, medium 28 j both major and minor raven- to 29.50; choice heifers 28 to tion-'! says 28.70, good 27 to 27.55, medium Discuss Museum PINCHER CREEK (Special) The Pincher Creek and Dis- cerns for Nos. 1, 2 and 3 i trict Historical Society would B.C. Pfd Inter Churchill Copper Coron Crest Forest Ind Croyden Dolly Varden Indust 6.55 17.25 4.10 Growers B Hy's inter Brew Jericho MUTUAL FUNDS Kamloops Copper AGF Special 2.10 2.20 Lornex All Cdn Com 6.09 6.66 Lytton Minerals Cdn Div 7.09 7.75 Madrons 16.00 15.00 2.75 3.10 1.05 6.50 .35 .32 7.35 .25 3.00 13.50 .40 1.75 2.50 3.85 I northern and Nos. 1, 2 and 3 I durum. No 4 northern was up I three cents. i Prices for class two wheat for export to countries outside IGA: 1 Nor 2 3 1.6214; 4 1 Durum 1.7414; 2. 17114; 3 IGA prices; like to contact anyone interest- ed in having a museum and his- toric building brought to the park prorated by the town. A meeting will be held at he town hall Wednesday, June 3, at 8 p.m. Egg, Poultry Market Report EDMONTON (AP) Weekly egg and poultry report issued by the Alberta Department of Agriculture: Eggs to producers A large 33; A medium 28; A small 16; B 14; C 12; cracks 12. To retailers A large 44 to 45; A medium 41 to 42; A small 29 to 33; B 30 to 31; C 28 to 29; Cracks 28 to 29. To consumers {in cartons) A large 46 to 49; A medium 43 to 47; A small 33 to 41. Poultry To producers live No. 1 chicken broilers, !0. Turkey under 12, 12 to 18, 2814; over 18, 26, Live No. 2 chicken broilers, Turkey under 12. 22K; 12 to 18, over )8, 24. another study report on the in- dustry. "The major machinery manu- facturers themselves have con- fined their research and devel- opment exp2ndj Lures alnrost ex- clusively to development rather than says study No. 7 in a series prepared for the royal commission on farm ma- chinery. This one, on research and de- velopment, is by Alex G. Vicas of McGill University's econom- ics department, with the usual proviso that the views are not necessarily endorsed by the commission. "While expenditures on re- search and development increased greatly in recent says the study, "the in- dividual inventor on the farm" is still the prime source of inno- vations. Consumer Credit Control Plan Tossed Out Dollar Moves Up Quickly 96.00 All Cdn Vent 3.07 3.36 New Crc 13.75 Amer Grow Fd 4.27 4.69 Okanagan Hell 14.50 Can Growth ..4.71 5.18 Primer 2.35 Cdn Invest Fd 3.89 4.27 pyramid 34.50 Collect Mut 5.06 5.56 Silver Standard 47.00 Cmnwlth Int 10.95 12.00 T.C. Explor 18.75 Cmnwlth Lev 2.76 3.02 Texmont 9.00 Corp Invest ...4.78 5.22 Trojan 3.00 Drey Fd U.S. 9.80 10.74 Western Mines 8.00 Ml Finance 3.39 3.73 Westcoast Res 5.25 HW Growth ..4.01 4.41 Utica TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) e.m. Queues) a.m. Qi Molson'5 B INDUSTRIALS Abltlbi...... Alean Algomo Steel Alco Ind AflBn Sugar Bell Tel Erail! Trac B.C. Tc! Burns B.C. Forpst B.C. Suoar CAE Ind Cdn Brew Chemcell Col Cellulose Cr.l Power Coron Credir CVVN Gas Cdn Indusf Canada S S Cdn Marconi Cdn Vickcrs Chrvsler CPR Comlnco Cons Bath Cons Gas Dist Sea Don Bridge Domfar Dom Texille Fam Plflv C-l Cdn OH Gen Motor.- Gt Latos Pep Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial OH Imperial Tob Int Nickel Int Pipe..... Inv Go A Int Utilities Indus! Accept 8.00 Cent Pembma Pp tL.w n pcwer Corp 12.25 Price Co S.75 Shell CDA Simp Sears Steel of Can Selkirk A Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Wesiee! Union Car Weston's 8 Woodward's A West Cdn Sd Zenith Elec BANKS Can imperial Montreal Nova Scofia Tor-Dom MINES 13.00 Acme P.07Vj Advocate Aib. Aloitcho -1 BslcW' Iron Bralorrs 41.62V; 53.03 16.00 3.50 6.50 6.15 5.M 21.25 1.15 10.25 2-Uft 3.05 6.25 73.7.5 SJ.OO 73.50 16.50 Falconbrldgn 11.00 Frobex 16.00 First Marlflmes 6.50 Giant Gc-rtdrum 9.50 Gunnar Granduc 16.00 Headway R.L. 20 00 Holllnger 21.50 Hud. Bay 9 00 Hydra Ex. 20.6216 Highland Ball 9 oo Iron Bey 14.75 Iso 2.1.75 Joliet Quebec Kerr Addison 33 03 Key Anacon Labrador 335 10J2 12 50 20 ?5 1-175 otes) 131 GO .17 1.10 7.50 3.90 1 10 7.10 11.iO 77.00 .21 .53 10.00 .39 30-35 1.60 Leitch Langis Silver Macassa 1.35 Mndsen R.L. Maiartic .84 Martin McNeely 1J.OO 19. CO ?.IO Brunswick Canada Tung. 4U5 Cassiar U.7S Central Pal, Chimo i Conwcsf Meta Midrim Intern Mogul New Athena Mew Calumet Imperial 7.20 N'oranda .ii Northgate 2.03 Onsmiske y-0 Osisko .OS1': Pallno..... 1.70 Pine Point Placer Dev. -i.25 P.C. Exp. Quebec Man Rayrocfc Radiore Rio Alqom Roman Corp. fields By GERARD McNEE, OTTAWA (CP) Federal plans U) impose consumer credit controls were abandoned Mon- day as no longer necessary in view cf Sunday's announcement of a floating exchange rate for the Canadian dollar. Finance Minister Edgar Ben- SM told the Commons that the government is reviewing its eco- nomic policies in view cf higher prevailing exchange rates and will announce further decisions in due course. Same would de-j In the Commons, Mr. Stan-! "I have indicated that our field said the government other economic policies, fiscal "broke its word" to the IMF on a commitment to-hold the dcllar within one per cent of the 92.5- per-cent peg. Mr. Benson said Canada has a director on the IMF who had kept the body in- formed of the government's thinking. Mr. Benson in his March 12 budget said the government planned credit controls that would require mmimum down payments on consumer loans for pend on bow high the dollar automobiles and other such pur- chases to dampen inflationary and monetary, are being re- viewed and I will be making an announcement in due he added. Paul Y e w c h u k (PC-Atha- basca) questioned Mr. Benson's honesty in saying last Wednes- day that a floating rate wasn't being considered. Mr. Benson's reply was that it wasn't, at that time. The decision was made in a j cabinet meeting Saturday after j Prime Minister Trudeau's re-' Beef Futures WINNIPEG (CP) The Win- nipeg live beef futures market was active JMonday, but on opening were sharply down 10 to SO points under previous close levels because of uncertainty over the freeing of the Cana- dian dollars. Prices firmed up slightly at mid-session, but continued 10 to 50 points under previous levels. Open Higli Low Close Fri. Jly 30.25 .10.87 30.25 30.87 Sl.lSa Sep 29.15 29.15 23.95 29.00 29.25n Nov 28.80 Jan 28.80 29.00a 29.50 29.50D Net Earnings By THE CANADIAN PRESS Canadian Breweries Ltd., Freed for the first time since 1962 of its International Mone- tary Fund peg of 92.5 cents in U.S. funds, the dollar quickly moved up 01? international ex- change markets to 97.5 cents. In Washington, the IMF said Canada has undertaken in peg the dollar again when circum- stances warrant. Mr. Benson also said the ex- change rale is freed "for the time being" but he and officials refused lo indicate where or when they expect it to settle. SEEK DETAILS Conservatives and New Dem- ocrats pressed Mr. Benson for details on accompanying mea- sures and the government's stance. Conservative Leader Robert Stanfield said the move by itself could have adverse effects on demand. He told the Commons Monday a rate doctrinaire a however that the freed rate I week would put sufficient -control on! turn from a Pacific tour. Mr.] three months ended March 31: Benson had clso called cries for .For this reason, Conserva- the economv to make credit jtivesaiid New Democrats sug- confrol unnecessary. He alsoited Mr cenion was said the rate of price increase has slowed in recent months. The upward move of the dol- lar narrows price advantage for and Mr. Benson said Sunday they will have to mestic output. New Denwcrat Leader T. C. Douglas asked what offsetting measures Mr. Benson plans to cushion the effect on exporting industries. Increased unemploy- ment would result without such "panicked" uito the move. Newfoundland Conservatives worried ahout the effect on the Atlantic fishing industry, which sells mainly t o the U.S. Mr. Benson said that if American buyers want the fish badly 1970. 51.283.000, 3.4 cents a "sharpen their pencils." It also makes it easier for imported t7on7ajso new abcut products to compete with do- sdcs but Mr_ Benson WM enough, they'll pay more. Ques- iuto reassuring in his replies. share; 1969, 6.2 cents. Great Canadian Oil Sands Ltd., year ended Dec. 31: 1969, loss; 196S, loss. Massey-Ferguson L t d., six months 'ended April 30: 1970, 28 cents a share; 1969, Toronto Dominion Bank, threo months ended April 30: 1970, 29.2 cents a share; 77.75 13.75 Potato Prices WINNIPEG Mari-j time potato futures market was j [the farm, foiling, petroleum, i Mr. Benson said credit control i inactive Monday potash and otter exporting in- j plans have been abandoned and bids and offers i diistries He also accused Mr. Benson M.W j cf "incredibly bad forecasting" ccnl. the Bank of Canada rale re- duced to seven from 7.5 per 5-55 l.EO 13.75 2.15 1.20 1.78 .30 19.00 Cons. Rambler .80 Sherrltt Gordci Ksliy Doug A Loph t.eblaw A Metro Stores Mgssey Ferg McMillan Bioa Moore Corp Molson's A Cochenaur Craitimonl i.05 Dickenfon Denison .1.75 Hern f-K D'Eldono 17.00 Dome Mines 1100 Donalda 3.X37VJ Olsocvcry Mine ?O.H Erist M.llflrlic East SuWvon 17.12'. 25.50 .Cfl .70 SI.50 Steep Rock i Slscce...... Tek Core..... Texmont Upper Canada Western Mines Wright Mar. Willroy Windfall YelloA'knlfe Br. zcnmac..... of the economy. Mr. Benson said the exchange j j fund step in to stabilize the i market if the dollar rises too. Eruirply- And reports from Toronto and j Dollar Value with a few at previous levels but no trades posted. Open High Low Close Fri. Nov 2.20n 2.35a 2.60b 1269 Third AYE. MONTREAL (CP) U.S. dol- lar in terms of Canadian funds Montreal" Mondnv said the gov-i "'as up 1 M6 (o Pound I eminent, through the Bank of sterling up 2 8-16 to 9-16 bad moved into the market to stabilize the floating dollar nt about four cents above ite former pegged rate. Mr. NEW YORK CCP) Cana- dian dollar down 131-64 at 96 9- 16 in terms of U.S. funds. Pound i Benson would not confirm this. I sterling down 1-6-1 at NEW YORK STOCKS Supplied by Richardson, Securities of Canada T. and T... Montgom Ward Anaconda Sears Beth Steel 25.75 Sfd Oil of N.J. Chrysler 33.37v? Tnxas Gull Comsat ..._____ -1.1.B7V: Texas Co..... Dupont...... 113.63''j Woolworth General Motors 67.I2Vj Westing Elcc Gulf....... 2.1.75 U.S. Steel........ Harvester TORONTO AVERAGES Kcnn Copper 42.87W 20 of( 20 Golds M1.-I9, up 1.M 57.75 10 B AAets 90.36, off .10 57.00 15 West Oil 131.75, oft U3 Volume 27.50 NEW YORK AVERAGES 30-C3 30 Inds off 4.24 20 Rails 1.15.91, off .89 IS Util 105.11, up .09 65 Stocks 330.43, off 1.10 Volume STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe itore or Indies' wear APPIY; Stan's Men's Wear 321 5th St. S. LOOK! Before You lease T.ook Into (hr sire nnd forvict'S of Brny En- tcrprices L'ii. expert- encc. capital, v.-p, tailor learnt: lurp.n'-a-inrnts to fit ncods for maximum service r.i minimum For fads on Ic.isini: And oontnrt F'riris Korcshcn- fcov, rop. at: BENY AUTOMOTIVE ENTERPRISES LTD. Corner 2nd ,Avc. A Sfh St. S. Alberta Phone 327.3146 ;