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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 22, 1970, Lethbridge, Alberta Market Drops In Light Trade TORONTO CP The To ronto stock market sharply in light midmorning trading under pressure from a steep decline at New On Industrials were down to base metals to and western oils to Golds advanced to Grain Prices Winnipeg Grain Prices WINNIPEG CP Flax showed some strength on light trade and a lack of offerings on the Winnipeg Grain Ex change Rye had a fair demand from with prices fractional ly higher in all Rapeseed prices were mov ing in both directions and trad ing was Oats and barley were practically neglected as prices stayed at previous close Volume of trade Friday in cluded bushels of of rapeseed and of Export loadings of Canadian Wheat Friday included bushels to to Ger many and to Prices for Class Two wheat for export to countries outside IGA 1 Nor 2 3 4 1 Durum 2 3 4 IGA prices 1 Nor 2 3 4 1 Durum 2 3 4 High Low Close Flax Jly 281 282 Oct 272 269V2 269 267 265 265 262 262 262 NOT Dec Rapesccd Jly Nov Jan Mar Oats Jiy Oct Dec Barley Jly Oct Dec Jiy Oct Dec 314A 31054 310 257 257 248 343 246 MS 241V The move downward Inter rupted two consecutive sessions of Volume by was down from at the same time Losses outnumbered gains 95 to 62 with 139 issues Heaviest losses were in com industrial oil refining and steel Among declining Fal conbridge was down 1 to International Utilities to CPR to Inco to Calgary Power to Imperial Oil to 164 and Alcan to Placer fell V4 to Cana dian Superior Oil to 24 and Ranger 35 cents to Toronto Dominion Bank and Royal Bank were unchanged at and 21V1 The banks announced reduc tions in prime lending rates to 8 per cen from SVz per cent effective July A reduction in interest paid to nonchequing accounts to 6 per cent from 6 per cent was also EARLY DECLINE MONTREAL CP The Montreal stock market moved downward in early trading ioday following a decision by major banks to reduce prime lending The Royal Bank of Toronto Dominion Bank and he Canadian Imperial Bank of Commerce announced a reduc ion in the rate to eight per cent rom 8 per effective July The move follows a similar Arab Chiefs Meet on June Bank of 15 by the 75V4 7814 WA 109V4 109V 1105 99A 98 102 102 104 104Vi 1041 Hog Prices EDMONTON CP Price to 11 today supplied bj the Alberta Hog Producers Marketing Board Edmonton Quoted and sell ing Friday average Red Deer Quoted and sell tog Friday average Calgary Quoted and selling Friday average Lethbridge No Friday average Lloydminster No Fri day average Total hogs sold to 11 Sows at all points Total hogs sold Friday Average TIM FILUK We are pleased lo announce ihe record achievement of Tim Filuk of our Commercial Real Estate Department who has sur passed 1he sales mark in his first year of employ ment with our Company which is the highest sales figure ever at tained by a Real Estate represent ative in the 43 years of our Com panys Tim is married and has two lovely little oirls and has resided in the City of tathbridge for tho past seven Needless to soy we are aro most proud and pleased with his integrity and College Mall LETHBRIDGE The Royal was steady at 21 and Toronto Dominion at IBVz vhile the Bank of Montreal eased A to Bank of Nova Scotia Vs to 17A and the Com merce to Highlighting early CPR dipped 2V4 to Denison to Pacific Petroleum 1 to 21 and Imperial Oil to Falconbridge was up 2 to 139 and Rio Algom to On industrials were off to utilities to banks to the composite to and pa pers to SLOW TRADE NEW YORK AP The stock markets sharp early attributed to tie Penn Central bankruptcy lev elled off by midday in slow trading At the Dow Jones aver age of 30 industrials was down at Among Canadians on the Canadian Pacific was down International Nickel and Hudson Bay Mining Dome Mines gained and Dis tillers Seagrams advanced On the Scurry Rainbow Oil was off and Brascan By THE ASSOCIATED PRESS Arab leaders met In Libya Sunday and apparently dis cussed ways of cooperating ac tivities of the numerous Pales tinian guerrilla groups who use their countries as springboards for raids against President Gamal Abdel Nas ser of Egypt was among the heads of state who assembled in ostensibly to celebrate evacuation of United States and British military bases in the North African desert The Libyan news agency said the Palestinian question and the great number of commando organizations were Representatives of the joint committee of the Palestinian Guerrilla Organization Yasir the chief guer rilla did not attend but he sent a message urging the leaders to intervene to prevent new fighting between the guer rillas and the Jordanian The situation is so grave that a new eruption is likely at any said add ing that the ceasefire agree ment is beirg seriously endan gered by provocative acts by those who engineered the pre vious DISSENSION COMMON Presumably he was referring to antiguerrilla elements in the Jordanian But dissension has also been prevalent in re cent months between moderate and radical factions of the Pal estinian guerrillas raiding Is rael from Jordan and In the fighting in Amman two weeks the extremist Popu lar Front for the Liberation of Palestine for several days refused to observe ceasefires agreed to by Arafat and King and instead forced the king to dismiss his two top army During the the former one of Jordanian com the kings Sherif Nasser Bin flew to The guerrillas had de manded the banishment gov ernmentcontrolled newspapers in Amman said he went to Eng land for some Hussein also has sent his four children to but diplo matic sources there discounted any political significance in the The childrens Britishborn Princess will join them in a few the Jordanian embassy MISCELLANEOUS QUOTATIONS Montreal Supplied by Roadnause and McCunig LAST BID Oil SALE Quotes Quoles quoiw WESTERN OILS Almlnex Asmora Banff Can Soulh Cdn Exp Gas Cdn Grigol Cdn Home Cdn Ind Gas Cdn Long Is Cdn Super Cent Del Rio Charier Dynam Pete French Pete Gt Plains Mill City New Cent Nui Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spocner Triad West MISCELLANEOUS INDUSTRIALS Inl Pro Plptt Inl Utll Pfd Inl Steel Jclf Joulel Kolscr Res Kam Kotia Lake Ont Pt Newconex Pac Polo Rank Organ Selkirk Hold Shell Inv Shell Inv WIs Sicks Ranler West Cdn Sd Wlilta and CALOARY Acroll Anac Pete Barons Oil Norm Conf Northwest Fin Northwtst Gr Growth Equity Gr In Shares Invest Gr Invest Mut 25 IOS Venture Mut Accum Fd Mut Gr Fd Mut Income Nat Resources Prln Gr Prov Mut Regent Fd Royfund United Accum 205 VANCOUVER 1475 Anuk 21 Arctic Mtn 18 lfff Atlas Ex 92 Beth Copper Bornlte Ridge Plains Pete Brenmac Sugar Sugar Pfd Capt Inter Curchill Cop Creslbrook For STOCKS Croydcn Atco Ind Aquataine Brit Cdn Brew A Cdn Hyd Carb Cdn Pac Inv CPR Pfd Nest Cyanus A Cygnus B Gt Cdn Oil Gt Cdn Oil Sd Home A Home B Home and Hud Bay Co Hud Bay Oil Hud Bay Oil Hugh Rus Pfd Husky Oil Husky Oil Futurity Dolly Varden Dynasty West Warner Leduc Calm Madison Qulnalta Rcxdale PIPELINE Alia Gas Tr Alia Gas Nat Inland Nat Gas North and Cen North and Cen Tr Cdn Pipe Tr Western Pacific MUTUAL FUNDS Special AM Cdn Com Wash All Cdn Div Madrona Al Cdn Ven Jew Impel Amer Gr Fd Primer cdn Growth Sliver Std Cdn Invest Fd Trojan Colcct Mut Western Mines Commonwealth Westcoast Res Dreyfus Fd West Explor liOO Mascof Grsnisle Key Indus Hys Inter Brew Jericho Kam Copper Lornex Lytton Mln Jvne 197t THE LETHBR1DOE HttAlD 13 Company Is Prepared To Market Alaska Crude Oil EDMONTON CP A lendklnson Point which struck ing North American oil industry oil last alone docs not indicate sufficient oil for a pipe line along the Mackenzie miles to Imperial drilled several other exploration wells last winter that were but Twaits said there is no thought 29 Mines 17 S3 21 TORONTO INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE QuoTes Quotes Railway Cant Pay Its Bills Quotes INDUSTRIALS AbitibI Algoma Steel Atco Atlan Sugar Bell Brazil Trac Forest Sugar CAE Cdn Brew Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indust Ida S S Marconi Cdn Vickers hrysJer Cons Bath Cons Djst Dom Bridge om Textila Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Inv Gp Int Utilities Indust Accept Laurcntide Kelly Doug A Loblaw A Metro Stores Massey Ferg McMillan Bloa Moore Corp Molsons A SImP Molsons B Cent Pembina Pp r Power Corp Price Co Rolhmans Shell Cda Simpsons Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Union Car Woodward s A West Crin Sd Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal MINES Acme Advocate AkBitchq 9 62A Area Mines Belcher Iron Black Bay Bralorne Broulan 1512V2 Bethlehem Brunswick Canada Cassiar Central Chimo Conweat Rambler Coin Lake Cochenour Craigmont Dickenson Wins Denlson Mines Deer Horn DEldona Dome Mines Falconbrldgs First Marltlmes Giant Gortdrum Gunnar GrancTuc 710 Headway Bay MS Hydra Highland Bell Iron ISO Jollet Quebec Kerr Adciiscn Kty Anacon Labrador Lake Shore Leitch Lancjls Silver Madsen Malartic Martin McNeely Maybrun Maclniyre Metn iO 1500 spokesman told a news confer ence Sunday his company is prepared to go ahead with plans lo market Alaska cnKfe oil if United States government re quirements are at all accept Jamieson of New board chairman of Standard Oil New Jersey said it is just a question of tune until permits are granted for an 800 mile pipeline from the massive Prudhoe Bay oil fields to the yearround port of Valdex on the south coast of From there oil would go by tanker to refineries on the west coast of the United States and into western But if very large additional quantities of oil are either in the Prudhoe Bay area or in the Canadian then a further transportation system will have to be formerly of said in an inter view later the experimental su pertanker in which Standard Oil is a showed tankers are technically But until all data is as sessed pipelines appear to be the most HOLDS BIG PROMISE Jamieson said the Cana dian Arctic holds promise of large crude oil Geo logical formations are consist ent with oilbearing areas but exploration has not advanced far enough to be board chairman of Imperial Oil a Standard Oil said the com pany will continue exploration on its holdings in the Mackenzie delta region next Were quite If we werent we couldnt afford to be spending of abandoning tho sxplorsttoo TX two executives are amocfi a 14member party from Stand Imperial and Humble Oil and Refining of Hous ton heading tlus week to ttw Prudhoe Bay oil fields and Uw Canadian Scare Campai that much money Twaits said Imperials At Intern Mogul New Athena New Calumet New Imperial Noranda Northgate Opemiska Pine Point Placer Quebec Man Radiore Rio Algom Roman Silverfields Sherritt Gordon Silver Miller Steep RocK Sisoce Dona Ida Discovery East Malartic East Sullivan Tek TexmonJ Upper Canada Western Mines Wright Willroy Windfall Yellowknife Zenmac NEW YORK STOCKS Continue Probe Of irmy Thefts CALGARY CP An inves tigation into theft if military supply goods from Canadian Forces Base Calgary s still in Denny an information officer for the department of national laid The investigation involves a ergeant who has served at the iase for eight years and who irst came under suspicion ear 7 in May when goods of a mili ary supply nature were found i his The sergeants was carched May 7 and about WO worth of stationery ools and equipment and items f clothing found in the house re being Tile sergeant was placed un cr a r r e s t by military police lay 7 aixl later Ho ow is regularly employed at ie base while the military po cc investigation is in Ryan said civilian police uthorilies are not involved in ie PHILADELPHIA A P Saying it is unable to pay i the United States large Pcnn receivec court permission Sunday to r organize under federal ban ruptcy it con tinues normal Prices on the New York Stoc Exchange dropped sharply its opening in reaction to th Onehalf hour after the open ing the Dow Jones averag of 30 industrial stocks plunge points to and the stayed near that Penn Central is the reason almost said New ton a stock The selling is based on fun damentals as much as emo tional One company ha already and there i some conjecture which com pany might be Trading in Penn Centra Transportation and Penn Central stocks were de The exchange said tin delay was caused by a large in flux of buy or sell Pakistan Requests Wheat Aid OTTAWA official re quest from Pakistan asking Canada for an additional ton free wheat grant is receiv ing sympathetic considera a spokesman In the exter nal affairs department said The request for wheat is over and above the es timated food aid grant Canada will allocate to Pakistan this Pakistan is asking the United States and Australia for an extra tons of wheat to counter the threat of starvation for thousands in the northern districts of East Paki Eastern Finn To Buy Calgary Oil Company TORONTO CP Brascan announced here fJiat it lias agreed to purchase all lie shares of Mikas Oil of said the agreement follows previous lyannounced plans to parti cipate in oil and gas explora tion in Canada through a new STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe or ladies wear store APPlYi Sfans Mens Wear 321 5th Supplied by Securities of has already 1m Amr T and T 2Vi Mont Ward Golds 15143 up tons of foot Anaconda Sears Base Metals off from the this fisca ItS Bth Stee Std Oil of West Oils 134 65 off 146 jcf Chrysler Texas Gulf Volume official sources Comsat Texas Co NEW YORK are about bushel GU Dupont Woolworth 30 Indust off T Tnpfrip fnn rg Gen Motors West Elec Rails off k Inl TORONTO AVERAGES 65 off n Kenn Copper 20 Indust off Volume Bank Begins e Calgary good bulls lo Arctic cattle B CALGARY CP On offer to 11 about 375 fleshy steers weighing more than SOO pounds and CP The n mostly cows and Good feeder Imperial Bank of Tl Trade was to good stock announced today Slaughter steers and heifers to will begin North Amer nsold barely quality ocondition G o o were no stock or slaughter calves on offer first flying banking service June 24 when a is cows were easier with heifer is kinds to Medium Calgary to 11 base price aboard a DC3 aircraft takes off from Yel n ftnd cutters sold for five were al Choice steers to n good to medium 27 eto 28 choice heifers to e good to Earnings By THE CANADIAN airborne oj erating will serve inhabitants in the communities of Port i ium to good cows to medium Oil and Gas year ended 31 Cambridge Holman Island and canners and cutters 18 Franklin Mobil Homes will be supervised by Lift months ended April 30 14 cents a staff of the banks Yellowknife branch and will op 3u 26 National six months ended April 30 aboard a Northwest Territorial Airways aircraft which carries passengers Srusli cents a share 62 freight to the settlements n EDMONTON CP 5 fire and brush burning restricc tions have been lifted by the f Alberta lands and forests Pancake 11 Though the fires situation In the northeast part of tho ince is still rated the v department said it would location In Marathon pert burning with tie City of Lethbridge to be open about hat persons travelling in Cash required bush be extremely Capital inves ment returned in with fire and smoking four further information please write or Sixty fires arc still In the 35 of them PANCAKE HOUSES of Almost with supporting Slh cluding 50 are on TORONTO CP Hene Le leader of Le Parti Que said Sunday the federa mass media ant the Englishspeaking business community have made a con centrated effort to divert busi ness from Quebec since The which he called scare propaganda to keep in vestment was designed to push Quebecers into an eco nomic He told a conference on Quebec at York University the campaign included freeze on loans to Quebec from 13ie Bay Street market in in editorials in the Toronto Telegram and the Montreal Star and a distorted article in the Toronto Globe and Brinks1 affair in which Brinks trucks moved se curities held by some clients of the Royal Trust out of Quebec two days before the April 29 Quebec He said the campaign was partly reaction to the success of Quebec Hydros giant Manic which had been built by ourselves in dis proving theories that French Canadians are not successful in DIVERTED SOME CAPITAL He said at a news conference later that the English business community had been able to di vert some capital from Quebec insofar as it controlled branch plants from head offices outside Apart from Ameri cans are not all that Wliile all this propaganda was going on Americans were in vesting as never In funds were read ily available from the West Ger man and European money mar he Asked whether he believed there was a conspiracy between Ottawa and the Englishspeak ing business community to in hibit tlia Quebec replied j Im not trying to write a det RENE LEVESQUE ective but fin ancially and economically this is more and more of a putup He said the Eng lishspeaking financiers and the mass media arrived at the idea simultaneously by talking to each BOMBS SEEX SOLUTION In his speech he said the fin ancial when tied to On tario Premier John Robarts re cent statement that Quebec would never be allowed by the rest of Canada to made quite a few French Canadians feel that bombs were the only Theyre more respectable M tool than what I have seen describing Levesque told the audi ence of mostly Ontario teachers Quebecs separation when it comes will have to be Those who think Quebec is now going to be a good house roken little province have an other think he Theres still some hope for eventual understanding and some sort of partnership for leighbors once Quebec is Thats the only reason I am CUT IT OUT McKay MEN AND WOMEN Slop saying I cant get a good job because I dont have a college degree Industry is desperately needing technically skilled Salaries are conditions are great in the field of Computer Pro Computer Key Punch and Drafting and Find out where you fit in enquire re student financing and frea placement Technical Institute 10012 107 Address I I I I I I Age Last School Grade Completed NEW WOOD OR REDO OLHmPIC STRSn Costs ess than Easier to apply than Lasts longer than Protects wood with Guaranteed not to or 66 solid or semitransparent CRESTLINE BUILDERS BUIIOINO SUPP1Y HEADQUARTERS Phono 3275444 or 3275110 ;