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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - June 10, 1971, Lethbridge, Alberta in sixi:ss .v i i\a\ci: Mid-morning dip in stock prices TORONTO (CP) - Prices on the Toronto Mock market drifted fractionally lower in active mid-morning trading today. On index, industrials dropped .10 to 182.80 and western oils .01 to 218.42. Golds rose .67 to 163.10 and base metals .34 to 94.92 Volume at 11 am. was 763,000 shares, up from 584,000 at the same time Wednesday Advances outnumbered declines 149 to 94 with 182 issues unchanged. TransCanada PipeLlnes dropped % to $32%, Bank of Nova Scotia % to $26%, North-gate to $11, Central-Del Rio % to $13V4, Toronto Dominion Bank % to $25%, and Sherritt y4 to $17%. Western Broadcasting was up 1 to $22%, CPR % to $65%, Reed Shaw Osier % to $9, National Drug % to $7% and Alberto Gas Trunk % to $46%. LIGHT TRADE MONTREAL (CP) - Prices edged upward in all sectors except banks in light morning trading on the Montreal stock market today. Co m b i n e d volume on the Montreal and Canadian Stock Exchanges at 11 a.m. was 494,300 shares, compared with 368,400 at the same tim Wednesday. On index, utilities gained .49 to 156.56, industrials .31 to 183.69, papers .30 to 86.16 and the composite .18 to 181.59, while banks lost 1.33 to 208.90. Highlighting gains, Ultramar rose $1% to $13%, Canadian Steamship Lines $1% to $32%, CPR % to $65%, Canada Cement Lafarge % to $44% and Canadian Arena % to $14%. Dome Petroleum slipped $1% to $94%, TransCanada Pipe-Lines % to $32%, Bank of Nova Scotia % to $28% and Royal Bank % to $26%. FIRMING TREND NEW YORK (AP) - The stock market, which showed a firming trend in late trading Wednesday, posted a good gain on moderate volume today. The noon Dow Jones average of 30 industrials was ahead 3.35 at 915.81. Among Canadians Alcan was off % to $22%. Canadian Pacific rose % to $68%. On the American Stock Exchange, Jupiter Corp. lost % to $$8%. Last Wednesday in August tentative date for agro show PINK MAYOR COMMISSIONED - Mayor Pat Albright, Fink, Tex., population 3, has been given another distinction. She was commissioned by Gov. Preston Smith as Secretary to the Admiral of the Texas Navy. Mayor Albright is also in charge of the arrangements for the annual celebration of National Fink Day to be held in Fink June 24. Livestock NOBLBFORD (HNS) - The June meeting of the Nobleford United Church Women was held at the home of Mrs. A. S'canislav at Barons. Nine women were present. It was decided to hold an agriculture show again this summer. Date suggested was the last Wednesday in August. A committee was formed for this project. AH layette articles must be turned in to Mrs. Urvold so she Moose Jaw elevator sold MONTREAL (CP) - Robin Hood MuWfoods Ltd. said today it has agreed to sell its 1,-700,000-oushel grain elevator in Moose Jaw, Sask., to Parrish and Hetoibecker Ltd., of Winnipeg. The Moose Jaw elevator will be the largest of 60 operated by Parrish and Heim-becker in the three Prairie provinces. |~new! By Gene Fawcatto RUBBER TIRES, LONG USED ON TOP OFTHE ROAD, ARE. NOWWlMG PUTUMPERTHE RCAR,.0LD7)RES1AB)& DISPOSAL PROBLEM FOR THI ENVIRONMENT HAVE RECENTLY BEEN SHREDDED AND USED AS A REStUENT LAYER BETWEEN SOU. AND THt POURED CONCRETE... tm*ou0mAioiommm\ *N04otttcaoomr fcr Mb> tnfomalbn und tamM4, MH*Mnm4 .nnlsp. is NIWI h C�Mtf� WiW., 24S St. Jamil Slrvat W-MMhMl I2t, CiMaV can send the parcel this month. The September "roll call" will be a cash donation towards a Christmas gift for our foster son Woo Byung Sao of Korea. As Mrs. Stanislav is leaving the district at the end of June she was presented with a gift from the members. Next meeting will be held in the Nobleford United Church the first Wednesday evening in September. Potato futures WINNIPEG (CP) - Maritime potato futures Wednesday. Open High Low Close Nov 2.25A Mar 2.65A Apr 2.70A May 3.10A Lethbridgt livestock (Supplied by Canada Department of Agriculture) On offer to 11:00 a.m. 180 cattle. Receipts mixed quality. Trade moderately active. Good and low choice butcher steers meeting reasonably good demand aT steady rates. Good and choice butcher heifers (over 750 lbs.) selling steady. Heifers .under 750 pounds being discounted 50 cento to a dollar per hundredweight. Medium and good cows around 25 cents lower for the week. Replacement cattle selling fully steady. Choice steers 32.75 to 33.20; good 32 to 32.50. Choice heifers 26.50 to 29.20; good 28 to 28.50. Good cows 22.50 to 23.60; Grain price review Winnipeg Grain WINNIPEG (CP) - Reports of spreading blight in United States corn crops put all commodities on the strongest price pattern in weeks at mid session on the Winnipeg Grain Exchange today. Rapeseed advanced up to four cents on aggressive exporter buying and a moderate volume of hedge offers. Flax trading was in a narrow range as exporters absorbed most hedges. Rye had good exporter buying and hedge offers from elevator companies and commission houses. Oats and barley had good domestic shipper trade and posted fractional advances. Wednesday's volume of trade was 616,000 bushels of flax, 3,-430,000 of rapeseed, 518,000 of rye. export loadings of Canadian wheat Wednesday included 1,-877,000 bushels to China, 100,000 to Japan, 698,000 to Peru and 905,000 to Britain. Confirmation was received overnight of rapeseed sales of 250.000 Dushels to Japan, 130,-000 to France and 270,000 to other European points. COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BUILDING TELEPHONE 328-7883 WHY LEASE    #) Without tying up capital you pet e brand new car (or a dozen) S> Your leate Include! licence, Insurance, and maintenance f) You dont pay any down payment ft) You |ust (ib'n a contract and en* regular monthly fee 7 pay Mid-session prices Flax: July iy� higher 2.45%, Oct. 1% higher 2.49V4B, Nov. 1% higher 2.48, Dec. 2% higher 2.46%B. Rapeseed Vancouver: July 4 % higher 2.89A, Sept. 3% higher 2.87%, Nov. \V� higher 2.78%, Jan. 2 higher 2.75B. Rapeseed Thunder Bay: June 5>/4 higher 2.89B, Oct. 4tt higher 2.84%B, Dec. 4 higher 2.71, May unchanged 2.71B. Oats: July V* higher 76Vt, Oct. V* higher 75%A, Dec. V* higher 75%A. Barley: July unchanged 1.20, Oct. 1% higher 1.17A, Dec. IVs higher 1.16%. Rye: July 3V4 higher 1.14%, Oct. 3% higher 1.10%B, Dec. 3% higher 1.11. Prices for Class Two wheat for export to countries outside IGA: 1 Nor 1.77%; 2 1.75%; 3 1.70%; 4 1.67%; 1 Durum 1.77; 2 1.74; 3 1.65; 4 1.61; IGA prices: 1 Nor 1.77%; 2 1.75%; 3 1.70%; 4 1.67%; 1 Durum 1.77; 2 1.74; 3 1.65; 4 1.61. High Low Close Flu Jly 246 245% 245% Oct 250 248% 249% Nov 248% 248 248 Dec 247 246% 247 Rapeseed Vancouver Jly 291 286 290% Sep 289% 286 289% Nov 282 278% 282 Jan 276% 276 276% Rapeseed Thunder Bay Jun 296 288% 295 Oct 290 281% 289% Dec 276 271 2T74% May 275 Oats Jly 76% 76 76% Oct 76% 75% 76% Dec 76% 75% 76% Barley Jly 120% 120 120% Oct 118 115% 118 Dec 118 115% 117% Rye Jly 114% 113 114% Oct 111% 109% 111% Dec 112 110 112 INQUIRE NOW ABOUT LEASING Beny Automotive Enterprises Ltd. Boris Koreshtnkov, Insurance and Leasing Representative 2nd Avenue and 8th Street S. Phone 327-3147 GENETIC DISORDER A survey by Britain's Animal Breeding Research Organization taken in conjunction with the Moredun institute of Edinburgh, Scotland, showed that there is a genetic explanation for such metabolic sheep disorders as swayback and staggers. medium 20 to 22; canoers and cutters 17.50 to 20. Good bulls 26 to 27. Good heavy feeder steers over 900 lbs. 31.50 to 33; medium 28 to 31. Good stock heifer claves 32 to 34. Butcher Hogs sold Thursday f.o.b. Lethbridge 18.80 base price. Good lambs 28 to 30. Calgary livestock CALGARY (CP) - Receipts to 11 a.m., 1,500 head, mostly mixed grades of slaughter steers and cows. Trade was moderately active on all classes. Slaughter steers sold 25 cents lower with steers weighing under 1,000 pounds selling under pressure and being sharply discounted. Heifers were steady for quality with no strictly choice kinds on offer. Cows sold 25 to 50 cents lower, bulls scarce and steady. Choice steers 32.75 to 33.40, good 31.50 to 32.50, medium 30 to. 31.50. Low choice heifers 29 to 29.30, good 28 to 29, medium 26.50 to 28. Good cows 22 to 23, medium 20.75 to 21.75, eauners and cutters 18 to 20.50. Good bulls 25 to 27. Replacement cattle were scarce being mostly heavy, feeder steers with all classes selling steady. There were no stock or slaughter calves on offer. Good feeder steers 750 pounds up 31 to 33, under 750 pounds 33.50 to 35.75, good feeder heifers 575 pounds up 28 to 30. No hogs were sold. Macleod Livestock FORT MACLEOD - There were 843 cattle and calves on offer at the regular Tuesday sale at Fort Macleod Auction Market. Butcher steers and heifers sold steady with last week-cows .50 to .75 cents stronger. Stockers and feeders steady with good demand for all classes. Two-hundred and 44 slaughter cattle sold with choice steers selling from 33.00 to 33.70; medium to good steers 29.00 to 32.75; choice heifers 30.00 to 30.40; good heifers 28.00 to 29.75. Good butcher cows 24.00 to 25.00; medium 21.75 to 23.75;> canners and cutters 18.50 to 21.50. Five-hundred and 99 stockers and feeders. Good heavy feeder steers weighing 850 to 950 lbs. sold from 33.50 to 35.00. Lighter steers 750 to 850 lbs. to 36.75. Good stocker weight steers 35.50 to 38.00, with light green kinds to 42.00. Good feeder heifers 30.00 to 32.00 with stocker weight to 35.00. A few plain quality stock cows with calves at foot sold from 295.00 to $340.00. Hog prices EDMONTON (CP) - Average prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton 18.80, Wednesday 18.97; Red Deer 18.75, Wednesday 19.07; Calgary no sale, Wednesday 19.20; Lethbridge 18.75, Wednesday no sale; Uoydminster no sale, Wednesday no sale. Total hogs sold 4,987, average 19.04, total sows sold 137, average 12.82. * Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doberty, RoedbouM end McCuaig) . nitW e.m. t.37Vi 72.75 143.37V4 82.75 31.87Vi 29.50 34.50 Montgomery Ward 35.00 s*ort 91.1314 30 Golds 161.21 UD .78 Std Oil of N.J. .78.37V4 10 Bas? Met*95^0 up 52 Texas Gulf 118.8714 15 W Oils 219.30 up .87 Wootworth^""" 49^4"RW YORK AVIRAOIS Westinghoute Kite 92.73 30 Indust 914.35 up 1.89 U.S. Steel 31.8714 20 Rails 221.94 off .5 TORONTO AVERAOIS II Stocks'sum .12 '� 30 indutt 183.25 up .35 folmjJSZ "P Ad agencies plan to merge TORONTO (CP) - James Lovick Ltd. and Baker, BBDO Ltd., two advertising agencies, have announced plans to merge their respective operations. The new firm, to be called Baker, Lovick, BBDO Ltd. will have offices in Vancouver, Calgary, Edmonton, Winnipeg, Toronto and Montreal. Thirty per cent of the shares of the new company will be owned by Batten, Barton, Our-stine and Osborn Inc., the third largest advertising agency in the United States. Beef futures WINNIPEG (CP) - Lire beef futures Wednesday. Open High Low Close Jly 32.50A Sep 31.40A Nov 81.20N Serving you with  INTEGRITY  STABILITY  EXPERIENCE For ever 60 years We write all kinds off INSURANCE HOME-BUSINISS-FARM-AUTO-and 11*1 and can save you $$ MONEY $$ SEE US SOON- t, fpRSTfR tUGCNCY A continuous family nterprlse for over 60 yeors 70* 3rd Ave. $., Lethbrldae Phone 327-279* Local Chartered Accountant's Office Have Openings For  ACCOUNTING AND AUDIT PERSONNEL  PERSONNEL INTERESTED IN PURSUING A COURSI OP STUDIES IN ACCOUNTING AND AUDITING (Senior Matriculation or Equivalent Desirable But Not Essential In The Above Categories) Apply In Writing Stating Experience, Qualifications Etc To Box 119, Herald said, "I would call it a free-for-all. Everybody Is stealing-the messengers, the clerks, even the supervisory personneL "The stolen paper slowly percolates up through the underworld until it comes into the direct control of organised crime who are able to dispose of these instruments and have sufficient capital to be able to buy when securities are offered and to stockpile them for future disposal." Gross described ft situation in which thieves often "steal an order" and receive usually no more than five per cent of the face value of the securities. "The necessary alternative is to abandon the pieces of paper -the stock certificates and bonds-and to replace the system with a scheme of debits and credits," he said. Budget 'too tight' to erect cemetery fence CLARESHOLM (HNS)- Councillor Charles Thomas was turned down by Mayor Ernie Patterson when he asked to have a steel wire mesh fence erected around the new section of the cemetery. Said Mayor Patterson: "Our budget is just too tight this year but next year we'll put it on the top of the list of priorities." Council decided to compromise with a temporary barbed wire fence till next year. It was moved by Councillor Thomas that a $234,646 capital budget for 1971 be approved as follows.' Cash Dec. SI, 1970, $6,146; debentures, paving, $54,000; curb and gutter, $8,000; complex, $80,000; water and sewer, $25,000 and grading and gravelling, $11,500, total, $178,500. Sales of investments, $17,000; land sales, $10,000; bank loan, term, $23,000, total, $50,000. Street lighting, $5,800; arena clock, $1,100; radar equipment, $1,400; signal lights, City of Calgary, $2,500; CPR signals, $1,600; community complex, stage one, $80,000; and curb and gutter, $8,000. Paving, $54,000; grading and gravelling, $11,500; water and sewer extension, $25,000; improvements to alleys, $10,000; water line to cemetery, $7,000; land, $1,680; tractor, $4,000; spraying equipment, $1,181; mowers, $1,115; improvements - mobile home sub-division, $2,000; and craft centre, $2,900, total, $220,776. Contribution capital to general revenue, $13,870. Grand total, $234,646. Smokey Say$t . . . Help Prevent All WiMArceJ 2), rocessing an ]atatron cf *Sy stents imiieala V> roccssmg 'ervices ELECTRICAL CONTRACTORS ASSOCIATION OF ALBERTA LETHBRIDGE CHAPTER The members of this association at a recent meeting, voted to establish a suggested service charge-out rate of $12.50 for calls up to 1 hour for work performed during normal working hours. Costs have steadily risen over the past years and we are confident that, after reading this announcement, the public will fully understand and appreciate the necessity for the increase. This rate was established after a survey of the following, and will apply from April. I, 197] to March 31, 1972. PAY RATE Electricians Rate - (average for period) ........ $ 5.65 WORKMEN'S BENEFITS Statutory Holiday Pay, Vacation Pay, Unemployment Insurance, Workmen's Compensation, Canada Pension Plan, Health and Welfare Fund ......................................95 DIRECT JOB COSTS Insurance, Accounting and legal Fees, Business Taxes and licences. Bank Charges, Office Supplies, and Association Fees ........ 1.15 Supervision ................................ .96 Service Vehicle ............................75 Overhead ................................. 1.90 Profit...................................... 1.14 Service Call Rate ....................... $12.50 AFTER THE FIRST HOUR, THE RATE WILL BE $11.50 PER HOUR. MILEAGE WILL BE CHARGED ON SERVICE CALLS OUTSIDE THE CITY OF LETHBRIDGE. Today's high cost of obtaining money has greatly restricted our ability of extending credit beyond the usual 30 days. Due to this, if was agreed that a per month service charge be added to those accounts which find It necessary to carry their credit beyond this period. BIU'S ELECTRIC, COALDALI CENTRAL ELECTRIC CONTRACTORS LTD., LETHBRIDGE CASTLE ELECTRIC CO. LTD., LETHBRIDGE CITY ELECTRIC (LETHBRIDGE) LTD., LETHBRIDGE DORREN ELECTRIC LTD., LETHBRIDGE JAM ELECTRIC LTD., LETHBRIDGE KINO ELECTRIC (LETHBRIDGE) LTD., LETHBRIDGE LETHBRIDGE ELECTRIC LTD., LETHBRIDGE MALESZA ELECTRIC, LETHBRIDGE PARSONS COMMERCIAL ELECTRIC LTD., LETHBRIDGE SNIDER ELECTRIC, LETHBRIDGE WYATT ELECTRIC, LETHBRIDGE ;