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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - June 22, 1970, Lethbridge, Alberta Market Drops In Light Trade TORONTO (CP) - The Td-ronto stock market dropped shaiply in light mid-mornirg trading today, under pressure from a steep decline at New York. On Index, industrials were down 1.31 to 155.32, base metals .12 to 92.34 and western oils 2.07 to 134.04. Galds advanced .45 to 150.98. Grain Prices l/Vinnipeg Grain Prices WINNIPEG (CP) - Flax riiowed some strength on light trade and a lack of offerings on the Winnipeg Grain Exchange today. Rye had a fair demand from shippers, with prices fractionally Mgher in all futures. Rapeseed' prices were moving in both directions and trading was slow. Oats and barley were practically neglected as prices stayed at previous close levels'. Volume of trade Friday included 291,000 bushels of flax, 729,000 of rapeseed and 419,000 of rye. Export loadings of Canadian Wheat Friday included' 640,266 bushels to China, 28,000 to Germany and 418,000 to Japam. Prices for C^ass Two wheat for export to countries outside IGA: 1 Nor 1.74yz; 2 1.71 Va; 3 1.63; 4 1.52%; 1 Durum 1.55; 2 1.72; 3 1.62'/8; 4 1.55%; IGA prices: 1 Nor 1.74'/2; 2 1.71 Vz; 3 1.63; 4 1.52%; 1 Durum 1.55; 2 1.72; 3 1.62y8; 4 1.55%. High Low Close Fiax 2.84 2811^ 282% 272 269y2 269y2 267% 265 265 262% 262% 262% Jiy Oct Nov Dec Rapeseed Jiy Nov Jiaa Mar Oats Jiy Oct Dec Barley Jly Oct Dec Rye Jly Oct Dec ZUV4. 310% 310% 261% 257% 257% 248% m 246 213 241V4 24iy4 75y4 76% 75y4 75y4 76% 76% - 76y4 109% 1091/4 109V4 - -110% - -110% ms 98% 98% 103y4 102% 102% 104% 104% 104"% Hog Prices EDMONTON (CP) - Prices to 11 a.m. today supplied by the Alberta Hog Producers' Marketing Board: Edmonton: Quoted and selling 29.50. Friday average 29.46. Red Deer: Quoted and selling 29.50. Friday average 29.68. Calgary: Quoted and' selling 29.55. Friday averaige 29.54. Lethbridge: No sales. Friday verage 29.65. Lloydminster: No sales. Friday average 28.75. Total hogs sold to 11 a.m. 1,866. Sows 21.21 at aU points. Total hogs sold Friday 2,650. Average 29.52. TIM FILUK We ore pleased to announce the record achievement of Tim Filuk of our Commercial Real Estate Department who has surpassed the $2,600,000.00 sales mark in his first year of employ, ment with our Company which is the highest sales figure ever attained by a Real Estate representative in the 43 years of our Company's history. Tim is married and has two lovely little oirls and has resided in the City of Lethbridge for the post seven years. Needless to say we ore are most proud and pleased with his integrity and performance. Congratulations. ^tl|fuat-tz tAjeiTctcB fitb. College Mail LETHBRIDGE The move downward Interrupted two consecutive sessions of advance. Volume by 11 a.m. was 316,000 shares, down from 389,000 at the same time Friday. Losses outnumbered gains 95 to 62 \vith 139 issues unchanged. Heaviest losses were in communication, industrial mining, oil refimng and steel sectors. Among declining stocks, Fal-conbridge was down 1% to 138%, International Utilities % bo 22, CPR lyi to 54%, Inco % to 41%, Calgary Power % to 21%, Imperial Oil % to 16y4 and Alcan % to 22y4. Placer fell % to 30%, Canadian Superior Oil % to 24% and Ranger 35 cents to $8.10. Toronto Dominion Bank and Rayal Bank were unchanged at 18% and 2iy4 respectively. The banks announced reductions in prime lending rates to 8 per cent from SVz per cent effective July 1. A reduction in interest paid to non-chequing accounts to 6 per cent from 6% per cent was also announced. EARLY DECLINE MONTREAL (CP) - The Montreal stock market moved downward in early trading today following a decision by three major banks to reduce their prime lending rate. The Royal Bank of Canada, the Toronto Dominion Bank and the Canadian Imperial Bank of Commerce announced a reduction in the rate to eight per cent from 8% per cent, effective July 1. The move follows a similar reduction on June 15 by the Bank of Montreal. The Royal was steady at 2iy4 and Toronto Dominion at 18% while the Bank of Montreal eased Va to ISVs, Bank of Nova Scotia Vs to 17y4 and the (Commerce % to 19%. Highlighting early declines, CPR dipped 2y4 to 53%, Denison 1% to 24, Pacific Petroleum 1 to 21 and Imperial Oil % to 16y4. Falconbridge was up 2 to 139 and Rio Algomi % to 17%. On index, indusifcriials were off 1.67 to 156.92, utilities 1.46 to 124.44, banks 1.19 to 166.31, the composite 1.62 to 152.07 and papers .84 to 86.35. SLOW TRADE NEW YORK (AP) - The stock market's sharp early slide, attributed to the Penn Central bankruptcy action, levelled off by mid-day in slow trading today. At noon, the Dow Jones average of 30 industrials was down 5.21 at 715.22. Among Canadiansonthe NYSE, Canadian Pacific was down 1, International Nickel % and Hudson Bay Mining y4. Dome Mines gained % and Distillers Seagrams advanced %. On the Amex, Scurry Rainbow Oil was off % and Brascan Ltd. Vi. G)ntinue Probe Of Army Thefts CALGARY (CP) - An investigation into the possible theft of military supply goods from Canadian Forces Base Calgary is still in progress, Denny Ryan, an information officer for the department of national defence, said here. The investigation involves a sergeant who has served at the base for eight years and who first came under suspicion early in May when goods of a military supply nature were found in his possession. Tlie sergeant's Iwuse was searched May 7 and about $5,-000 worth of stati'onery supplies, tools and equipment and items of clothing found in the house are being examined. The sergeant was placed under arrest by military police May 7 and later released. He now is regularly employed at the base while the military police investigation is in progress. Mr. Ryan said civilian police authorities are not involved in the investigation. Arab Chiefs Meet By THE ASSOCIATED PRESS Arab leaders met In Libya Sunday and' apparently discussed ways of co-operating activities of the numerous Palestinian guerrilla groups who use their countries as springboards for raids against Israel. President Gamal Abdel Nasser of Egypt was among the beads of state who assembled in Tripoli, ostensibly to celebrate evacuation of United States and -Mendoy, June 22, 1970 - THE lETHBRIDOE HERAID - 13 British military bases in the North African desert country. The Libyan news agency said "the Palestinian question and the great niunber of commando organizations" were discussed. Representaitives' of the joint committee of the Palestinian Guerrilla Organization attended. Yasir Arafat, the chief guerrilla leader, did not attend but he sent a message urging the leaders to intervene to prevent new fighting between the guerrillas and the Jordanian army. "The situation is so grave that a new eruption is likely at any moment," said Arafat, adding that the ceasefire agreement is being "seriously endangered by provocative acts by those who engineered the previous clashes." DISSENSION COMMON Presumably he was referring to amti-guerrilla elements in the Jordanian army. But dissension has also been prevalent in recent months between moderate and' radical factions of the Palestinian guerrillas raiding Israel from Jordan and Lebanon, In the fighting in Amman two weeks ago, the extremist Popular Front for the Liberation of P a 1 e s t i n e for several days refused to observe ceasefires agreed to by Arafat and King Hussein, and instead forced the king to dismiss his two top army commanders. Diu-ing the weekend, one of the former Jordanian com-m a n d e r s, the king's uncle, Sherif Nasser Bin Jamil, flew to London. The iguerrillas had demanded the banishment; government-controlled newspapers in Amman said he went to England "for some leave." Hussein also has sent Ms four children to London, but diplomatic sources there discounted any political significance in the move. The children's mother, British-born Princess Muna, 29, vidU join them in a few days, the Jordanian embassy said. U.S. Railway Can't Pay Its BiUs PHILADELPHIA (A P) - Saying it is unable to pay its biUs, the United States' largest railway, Penn Central, received court permission Sunday to reorganize under federal bankruptcy laws. Meanwhile, it continues normal operations. Prices on the New York Stock Exchange dropped sharply at its opening in reaction to the news. One-half hour after the opening bell, the Dow Jones average of 30 industrial stocks plunged 8.15 points to 712.28 and then stayed near that level. "Penn Central is the reason, almost completely," said Newton Zinder, a stock analyst. "The selling is based on fundamentals as much as emotional factors. One company has already fallen, and there is some conjecture which company might be next." Trading in Penn Central Transportation Co. and Penn Central Co. stocks were delayed. The exchange said the delay was caused by a large influx of buy or sell orders. Eastern Finn To Buy Calgary Oil Company TORONTO (CP) - Brascan Ltd. annoimoed here that it has agreed to purchase all the shares of Mikas OU Co. Ltd. of Calgary. J. H. Moore, president, said the agreement follows previously-announced plans to participate in oil and gas exploration in Canada through a new subsidiary. STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for (hoe store or ladies' wear store APPIY. Stan's Men's Wear 321 5th St. S. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Boadhouse and McCuaig) LAST BID OR SALE (11:00 a.m. Quotes) ni:0O a.m. Quotes) (11:00 a.m. QuotM) WESTERN OILS Almlnex ... Asmera ... , Banff ...... Can Soutti ... Cdn Exp Gas Cdn Grigol Cdn Home .. Cdn Ind Gas Cdn Long Is Cdn Super ... Cent Del Rio Charter Dynam Pete French Pete Gt Plains ... Mill City ... New Conf ... Numac ... . Permo ...... Petrol ...... Pinnacle ... Place Gas ... Ponder ... . Ranger ... . Scurry Rain Spooner ... . Triad ...... West Dec ... MISCELLANEOUS INDUSTRIALS Atco Ind ...... Aquatalne ... , Brit Nfid ..... Cdn Brew A ... Cdn Hyd Garb . Cdn Pac Inv .. CPR Pfd ..... Crows Nest In. Cygnus A ..... Cygnus B ... , Gt Cdn oil .. .. Gt Cdn Oil Sd . Home A ...... Home B ...... Horne and Pit. Hud Bay Co ... Hud Bay Oil ... Hud Bay Oil ., Hugh Rus Pfd . Husky Oil . .. Husky on War. M Pro Pipe � a.OO Int UtII Pfd ... 13.12V3 Int Steel ...... 7,85 Jeff Lake ... . Joulel ....... Kaiser Res .... Kam Kotla .... Lake Ont Pf ... Mentor ...... Newconex ... . Pac Pete ..... Rank organ ... Selkirk Hold .. Shell Inv ..... Shell Inv Wts . Sicks Ranler .. West Cdn Sd .. White and Yuk. CALGARY Acroil ....... Anac Pete . ... Barons Oil .. . ,, North Conf .... ASVi piainj Pete ... 8.10 v/est Warner .. Leduc Calm ... Madison ...... Quinalla ...... "r^'AuHE STOCKS^ Alta Gas Tr A 41.00 3.10 3.25 6.B0 7.0O 8.00 .79 24.00 10.25 4.50 1.22 S.IS 18.00 1.32 .94 5.05 .76 1.06 .79 1.21 16.50 1.50 3.70 4.26 8.iS Northwest Fin 1.44 3.78 23.50 Northwest Gr 4.04 4.44 5.37'/i Growth Equity 5.36 5.89 e.2V/2 Gr In Shares 3.90 4.29 1.18 Invest Gr ... 4.75 5.21 Invest Mut .. 4.�l 5.04 lOS Venture 3,00 3.28 Mut Accum Fd 4.21 4.63 Mut Gr Fd .. 3.87 4.26 Mut Income .. 4.18 4.60 Nat Resources Prln Gr .... Prov Mut 14.00 1.97 1.90 .46 5.80 25.25 25.12t/j Regent Fd 10.87V3 Royfund lite 6.40 6.79 3.66 4.01 5.78 6.33 7.14 7.80 4.62 4.77 4.23 4.65 Alta Gas Nat .. 18.00 Dynasty ......... 7.00 Inland Nat Gas .. 9.00 Endako ..........12.50 North and Cen .. 11.37Vj Futurity ..........23 North and Cen B 25.00 Gaz Metro ... 3.70 9.25 17.50 4.10 27.50 11.75 22.87yj fr Cdn Pipe .. 25.50 , Tr Cdn Pipe 2.80 36.00 40.12VJ Tr Cdn Pioe War 6.70 4.50 wescoast Tr 16.00 Western Pacific 4.30 MUTUAL FUNDS A.G.F. Special 2.11 All Cdn Com All Cdn DIv 3.B7Va United Accum 2.05 VANCOUVER Anuk .............21 , , Arctic MIn .......18 Atlas Ex .........92 .07 Beth Copper .... 14.50 .05i/�, Bornlte f?ldg�.....19 �03V4 Brenda ..........10.50 �25 Brenmac .........53 �45 B.C. Sugar ...... 17.00 .05'/4 B.C. Sugar Pfd .. 15.2J- 19 Capt Inter ...... 3.00 .04'/i Curchlll Cod .... 3.90 .16 Crestbrook For .. �.62V'3 Croyden ...........33 Dolly Varden.....43 4.50 4.00 96.00 14.25 75.50 2.10 Giant Mascot .... 2.90 Granisle ........ 12.00 Key Indust .......37 Hy's ............. 2.80 Inter Brew ...... 4,00 Jericho ...........09 Kam Copper.......II Lornex .......... 675 Lytton MIn ...... 1.95 6.12 6.69 Mt. Wash .........10 7.13 7,79 Madrona .........29 , Al Cdn Ven .. 3,15 3,44 New Imper Mines 2,00 12.12y2 Amer Gr Fd .. 4.31 4.73 Primer ...........17 36.00 Cdn Growth ., 4.78 5,25 Sliver Std ........ 1,40 47,12'/! Cdn Invest Fd 3.93 4.37 Trofan ............53 20.50 Coiect Mut ,, 5.10 5.61 Western Mines .... 4,15 8,37'/j Commonwealth 11.15 12.22 Westcoast Res ... .28 2.50 Dreyfus Fd U.S. 7.91 10.64 West Explor.......21 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quoies) (11:00 a.m. Quotes) INDUSTRIALS Abltlbl ...... Alcan ....... Algoma Steel . Atco Ind .,. . Allan Sugar . Bell Tel ,.. . Brazil Trac ... B.C. Tel ,,. . Burns ...... B.C. Forest .., B.C. Sugar ... CAE Ind ..... Cdn Brew ... Chemceii ,,, . Col Cellulose . Cal Power .,. Coron Credit . CWN Gas ... . Cdn Indust . . Canada S S . , Cdn Marconi . Cdn VIckers . Chrysler ... . CPR ....... Comlnco .... Cons Bath ... Cons Gas ... . Dist Sea ... . Dom Bridge . Domtar , . . , Dom Textile . Dom Stores , . Dome Pete . . Fam Play . . Fd of Amer . Gt Cdn Oil ... Gen Motors . . Gt Lakes Pap Gulf Oil Cda . Hawker Sid . Huron, Erie . Hiram Walk . Imperial Oil . Imperial Tob . Int Nickel . . Int Pp..... Inv Gp A ... . Int Utilities . Indust Accept Laurentlde . . Kelly Doug A . Loeb ....... Loblaw A ... Metro Stores . Massey Ferg . McMillan Bloe Moore Corp .. Molson's A ... Molson's B ... . 8 00 North, Cent ... jo'i^iA Pembina Pp . . 22.121/3 pg^g^ Corp ... 12.25 Price Co..... 9.25 Rothmans ... . 6.00 Shell Cda ... , 42.50 Simpson's ... . 13.62'/a Simp Sears . . , so 00 Steel of Can . . Selkirk A..... Texaco ....... Traders Gp A . Trans Mtn Pp . Trans Can Pp . Union Gas . . . Union Oil .,, . Versatile Mfg . Westeel ...... Union Car ... . 8:62y2 Weston's B . . 21.00 Woodward's A . West Cdn Sd . . Zenith Elec , , BANKS Can Imperial . Montreal..... Nova Scotia . . Royal ...... Tor.Dom..... MINES 9.371/j Acme .., 13,00 Advocate Asb. . 46,00 Akaitcho..... 9.62y2 Area Mines . . 44.00 Belcher Iron . . 4,10 Black Bay ... . 66.50 Braiorne ...... 18.62y5 Brouian..... 15.12y2 Bethlehem ... . 1,90 Brunswick .,. . 16.25 Canada Tung. . 41.00 Casslar 16.25 Central Pat. . . 13,50 Chlmo....... 41.87y3 Conwest ,,, . . 21,00 Cons. Rambler 6.12y2 Coin Lake .... 32,00 Cochenour ... . 14.50 Cralgmont .,, . 4,00 Dickenson Mina 5,50 Denison Mines . 4.35 Deer Horn ... . 6.00 D'Eldona..... 16,25 Dome Mines ... 9.25 Donalda ...... 23,50 Discovery Mine 29.75 East Malartic . 8,00 23.50 17,00 4.10 6.50 4.90 5.2s 21.50 l.IO 10.00 3,25 6.50 21,00 55,00 22,50 13,25 14.50 46.75 14,25 14,00 13,37y2 East Sullivan 13,75 Falconbrldg* . 139.00 11,371/2 Frobex ....... .28 17,25 First Marltlmes 1.12 6,25 Giant Y.K..... 8,00 8,12y3 Gortdrum ... . 3,70 9.50 Gunnar ...... 116 25.12y2 Granrfuc ...... 7,10 16.00 Headway R.L. . 13,50 21.25 Hollinger-..... 27,00 21.50 Hud. Bay M-S . 23,25 10,50 Hydra Ex..... ,24 22.50 Highland Bell . 3,00 9,00 Iron Bay..... 2,65 14.87'/3 iso ,,, ...... 1,60 25.50 Jollet Quebec . ,21 13,00 Kerr Addison . ll,12y3 30,00 Key Anacon . , ,40 2,60 Labrador ,,. . 28,50 ^0.00 Lake Shore ... 3,50 11,50 Leitch...... 1,68 21,50 Langis Silver . ,07 15,00 Macassa..... 1.31 2,T0 Madsen R.L. . . .92 1.30 Malartic G.F. . ,81 Martin McNeely 11.50 19,62'/j 15.00 17,37yj 21,25 15.50 Maybrun ...... ,21 Maclntyre ... . Meta........ Mldrlm ...... 162,25 .18 .32 Intern Mogul . 9,35 New Athona ... .19 New Calumet . ,23 ,11 New Imperial . 2,05 2,00 Noranda ...... 27.50 ,43 Northgate ... . ll,>5 2,00 Opemlska ... . 13,62y2 .40 Oslsko....... .30 .081;^ Patino....... 34,50 1,65 Pine Point ... . 31.00 ,22 Placer Dev. . . 30,50 14,50 P.C. Exp..... .74 5,75 Quebec Man ... .20 1,85 Rayrock..... 1.32 1,92 Radiore ...... .30 2,65 Rio Algom ... . 17,75 1,40 Roman Corp. . 6.15 1,07 Sliverflelds , , , 1.75 .88 Sherritt Gordon 1B,62y3 .15 Sliver Miller . . .08 .45',^ Steep Rock . . . 3,20 11.50 SIsoce ....... 2,30 1.60 Tek Corp..... 5,75 24.00 Texmont..... .Sir .03 Upper Canada . 1,40 .76 Western Mines , 4.20 56,00 Wright Har. ... 1,50 .26 WIMroy ...... 1,35 T.30 Windfall ...... .13 1.02 Yellowknlfe Br. 4.70 5.70 Zenmac ...... .10 NEW YORK STOCKS Supplied by Richardson, Securities of Canada Amr T and T .. 42.12/2 Mont Ward .... 44.12y220 Golds 151.43 up .90 ........ 25.12y2 Sears ......... 57.12y2l0 Base Metals 92,28 off .18 ^'h Steel ........ 22.75 Std Oil of N.J. ... 56.87y2lS West Oils 134.65 off 14.6 Chrysler .......... 20.00 Texas Gulf .... 116.50 Volume 677,000 Comsat .......... 30.00 Texas Co ........ 27.25 NEW YORK AVERAGES gupont.-;........ l^O-O" Woolworth ...... 30.75 30 Indust 716,53 off 3 90 Gen Motors .... 63,87y2 West Elec ...... 65,87y220 Ralls 137.25 off 2 62 ............. 23.75 U,S, Steel ........ 32,75 15 Utilities 98 03 off 51 Int Harvester .... 24.50 TORONTO AVERAGES 65 Stocks 226 79 off 2.00 Kenn Copper .... 48.00 20 Indust 155.62 off 1,01 Volume 5,280,000 LIVESTOCK Calgary Livestock CALGARY (CP) - On offer to 11 a.m.: about 375 head, mostly coivs and lightweight steers. Trade was slow. Slaughter steers and heifers sold barely steady, quality and condition consid'ered. Good cows were easier with heifery kinds to 23.60. Medium canners and cutters sold steady. Bulls were lower. Choice steers 29.50 to 29.90, good 28.25 to 29.25, medium 27 to 28; choice heifers 26.50 to 27.30, good 25.75 to 26.50, medium 24,50 to 25.50; good cows 21.50 to 22.25, medium 20.25 to 21.25, canners and cutters 18 to Lift Restrictions Ou Canipfire, Bi*iisli Biiming EDMONTON (CP) - Camp-fire and brush burning restric-ticais have been lifted' by the Alberta lands and forests department. Though the fires situation In the northeast part of the province is still rated "serious," the department said it would allow open burning with the warning that persons travelling in the bush be "extremely cautious with fire and smoking supplies." Sixty fires are still burning In the province, 35 of them out of control. Almost 1,300 men with supporting equipment, including 50 aircraft, are on the job. 20; good bulls 25.50 to 26.50. Replacement cattle were mostly fleshy steers weighing more than 800 pounds and selling steady. Good feeder steers 29.50 to 31.80; good stock and feeder heifers 26.50 to 27.10. There were no stock or slaughter calves on offer early. Hogs f.o.b. Calgary to a.m., base price 29.55. 11 Net Earnings By TIIE CANADIAN PRESS Dynalta Oil and GaS Co. Ltd., year ended Dec. 31: 1969, $20,090 loss. 1968, $148,411. Glendale Mobil Homes Ltd., three months ended April 30: 1970, $151,609, 14 cents a share; 1969, $222,680, 26 cents. National Trust, six months ended April 30: 1970, $1,032,652, 55 cents a share; 1969, $1,158,488, 62 cents. U.S. Company Is Prepared To Market Alaska Crude Oil EDMONTON (CP) - A leading North American dl Industry spokesman told a news conference Sunday his company is prepared to go ahead with plans to market Alaska crude oil if United States government requirements "are at all acceptable." J. K. Jamleson of New York, board chairman of Standard Oil Co. (New Jersey) said It is "just a question of time" until permits are granted tor an 800-mile pipeline from the massive Prudhoe Bay oil fields to the year-round port of Valdex on the south coast of Alaska. From there oil would go by tanker to refineries on the west coast of the United States and into western U.S. markets. "But if very large additional quantities of oil are discovered, either in the Prudhoe Bay area or in the Canadian Arctic, then a further transportation system will have to be studied." Mr. Jamieson, formerly of Lethbridge, said in an interview later the experimental super-tanker Manhattan, in which Standard Oil is a partner, showed tankers are technically feasible. But until all data is assessed pipelines appear to be the most economical. HOLDS BIG PROMISE Mr. Jamieson said the Canadian Arctic holds promise of large crude oil reserves. Geological formations are consistent with oil-bearing areas but exploration has not advanced far enough to be certain. W. 0. Twaits, board chairman of Imperial Oil Ltd., a Standard Oil subsidiary, said the company will continue exploration on its holdings in the Mackenzie delta region next winter. "We're quite optimistic. If we weren't we couldn't afford to be spending that much money there." Mr. Twaits said Imperial's At- Pakistan Requests Wheat Aid OTTAWA (CP)-An official request from Pakistan asking Canada for an additional 50,000-ton free wheat grant is receiving "sympathetic consideration," a spokesman in the external affairs department said today. The $3,500,000 request for wheat is over and above the estimated $4,000,000 food aid grant Canada will allocate to Pakistan this year. PaMstan Is asking Canada, the United States and Australia for an extra 100,000 tons of wlieat to counter the threat of starvation for thousands in the northern districts of East Pakistan. Pakistan has already imported 1,700,000 tons of food, mainly from the "U.S. this fiscal year, official sources said. There are about 36.7 bushels In a metric ton. Flying Bank Service Begins In Arctic MONTREAL (CP) - The Canadian Imperial Bank of Commerce announced today it wiU begin North America's first flying banking service June 24 when a branch aboard a DC-3 ah--craft takes off from Yellowknlfe, N.W.T., for five Arctic communities. Tlie airborne branch, operating monthly, will serve 1,700 inhabitants in the communities of Poi't Radium, Coppermine, Cambridge Bay, Holman Island and Lady Franklin Point, It will be supervised by the staff of the bank's Yel-lowknife branch and will operate aboard a Northwest Territorial Airways aircraft which carries passengers and freight to the settlements regulai'ly. Smitty's Pancake House Franchise Available Excellent location In Marathon Development in City of Lethbridge to be open about October, 1970. Cash required approximately $30,000. Capital investment returned in approximately four years. For further information please write or phona SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CAIGARY, Alberta. 263-5683 (403) kinsoo Point well, which struck oU last winter, alone does not indicate sufficient oil for a pipeline along the Mackenzie River, 1,500 miles to Edmonton. Imperial drilled several other exploration wells last winter that were unproductive, but Mr. Twaits said there is no thought of abandoning the exploradoQ project. The two executives are among 8 14-member party from Standard, Imperial and Humble Oil and Refining Oo. Ltd. of Houston heading this week to thd Prudhoe Bay oil fields and Qua Canadian Arctic. Levesque Attacks Scare Campaign TORONTO (CP) - Rene Levesque, leader of Le Parti Que-becois, said Sunday the federal government, mass media and the English-speaking business community have made a concentrated effort to divert business from Quebec since 1966. The effort, which he called scare propaganda to keep investment away, was designed to push Quebec ers into an economic panic. He told a conference on Quebec at York University the campaign included: -A freeze on loans to Quebec from tlhe Bay Street market in Toronto, -Attacks in editorials In the Toronto Telegram and the Montreal Star and a distorted article in the Toronto Globe and Mail. -"The Brinks affair" In which Brinks trucks moved securities held by some clients of the Royal Trust Co. out of Quebec two days before the April 29 Quebec election. He said the campaign was partly reaction to tlhe success of Quebec Hydro's giant Manic project, which had been buUt "by ourselves in French," disproving theories that French-Canadians are not successful in economics. DIVERTED SOME CAPITAL He said at a news conference later that the English business community had been able to divert some capital from Quebec insofar as it controlled branch plants from head offices outside Quebec. "Apart from that, ... Americans are not all that nervous. While all this propaganda was going on Americans were investing as never before." In addition, funds were read-Uy available from the West German and European money markets, he said. Asked whether he believed there was a conspiracy between Ottawa and the English-speaking business community to inhibit the Quebec economy, he replied: "I'm not trying to write a det- mm li RENE LEVESQUE ective story, but politically, financially and economically thia is more and more of a put-up operation." He said the government, English-speaking financiers and the mass media arrived at the idea simultaneously "by talking to each other." BOMBS SEEN SOLUTION In his speech he said the financial squeeze, when tied to Ontario Premier John Robarts' recent statement that Quebec would never be allowed by the rest of Canada to secede, made quite a few French Canadians feel that bombs were the only solution. "They're more respectable as a tool . . . than what I have been describing now." Mr. Levesque told the audience of 300, mostly Ontario teachers: "Quebec's separation when it comes wUl have to be French." Those who think Quebec is "no^v going to be a good house-broken little province have another think coming," he said. "There's still some hope for eventual understanding and some sort of partnership for neighbors once Quebec is out," he said. "That's the only reason I am here." I I CUT IT OUT - - I MEN AND WOMEN McKay I g^dXLlor'iK Technical Institute � have a college degreel" 10012 - 107 St. I tndustry is desperately i:J-,,n�nn Altn  needing technically skilled Edmonton, Alta. people. Salaries are high, ........................ | conditions are great In tha (Name) field of Computer Pro- , � gromming, Computor (Address)� Operating, l.B.M. Key Punch and Drafting and .......... �.......... I Designing. Find out whers (City) | you fit In - enquire re- ........................ _ student financing and frea (Age) (Last School Grade I plocement assistance. Completed) � NEW WOOD OR RE-DO Olympic STuin Costs less than paint. Easier to apply than paint. Lasts longer than paint. Protects wood with P.M.O. Guaranteed not to crack, peel or blister. 66 Colors, solid or semi-transparenL CRESTLINE BUILDERS MARKET LTD. ^aETHBKlDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 or 327-5110 ;