Lethbridge Herald, The (Newspaper) - June 29, 1970, Lethbridge, Alberta
Market Lower In Active Trade TORONTO (CP) The To- ronto stock market was mixed to fractionally lower, in active mid-morning trading today. On index, industrials dropped .50 to 152.32 and western oils .41 to 130.05- Golds advanced .17 to 158.09 and base metals .08 to 90.25 Volume by 11 a.m. was shares, up from 000 at the same lime Friday. Losses edged out gains 64 to 61 with 134 issues unchanged. The large turnover of shares was the first major sign of ac- tivity in several weeks and was concentrated in industrial is- sues. More than in- dustrial shares were traded. Among losing issues, Falcon- bridge was down to 139, Massey-Ferguscn to Nor- anda to Canadian In- dustrial Gas 'A to TA, Interna- tional Utilities to 20, Trans- Canada Pipe Lines' to 25Vi, YeUowknife Bear 20 cents to and Lake Dufault to Cadillac Moly shares were suspended from trading. The ex- change said the company is in- solvent and unable lo meet ex- isting liabilities. PAPERS ADVANCE MONTREAL (CP) Papers moved ahead while all other sectors of the Montreal stock market declined fractionally early today. Trading was ex- tremely light. Among papers, MacMillan Bloedel gained to 23 K, Con- solidated Bathurst to 11% and Abitibi J4 to Domtar declined !i to 13 K. Trans-Canada Pipelines did not trade. The National Energy Board has approved an applica- tion by the company to build a extension to its pipe- line system in Saskatchewan, Manitoba and Ontario. Southam Press slipped to 47% on a 50-share trade, CPR was off to 53 and Moore Corp. to Denison declined 1 to 23, Nor- anda "i to and Imperial Oil Vt to On index, industrials were off .53 to 152.57, utilities .47 to 123.13, banks .28 to 164.90 and the composite .50 to 148.59. Pa- pers were up 1.22 lo 85.07. Combined volume on the Montreal and Canadian stock- exchanges was shares at 31 a.m. compared with at the same tune Friday. MILD SETBACK NEW YORK (AP) The stock market, apparently re- flecting continued investor con- cern over corporate cash prob- lems, suffered a mild setback in moderate trading today. By noon tile Dow Jones aver- age of 30 industrials had slipped 4.31 points to 683.53. Among Canadians, Mclntyr'e was off 1, Canadian Pacific Dome Inco and Massey Vt. Genstar was up Vs. On the American Stock Ex- change Scurry was off and Marconi and javelin Vs. Jupiter was up and Molybdenite Vi. DIVIDENDS By THE CANADIAN PRESS Bank of Nova Scotia, 19 cents, Aug. 1, record June 30. Cassiar Asbestos Corp. LM., 15 cents plus an extra 5 cents, July 29, record July 3. Cornation Credit Corp. Ltd., 6 per cent pfd, 3% cents, July 31, record July 10. MacLean-Huntcr Ltd., 9 cents, July 30, record July 6. Reed Shaw Osier Ltd., 9 cents, July 15, record June 30. Steinbergs Co. Ltd., per cent pfd. Aug. 15, record July 24. Smitty's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridge to bs open about Octo- ber, 1970. Cash required approximately Capital investment returned in ap- proximately four years. For further information please write or phone SMITTY'S PANCAKE HOUSES LTD. 709 8th Av6. S.W., CAIGARY, Alberta. 263-5633 (403) WINNIPEG (CP) rapeseed futures trade on the Wh Exchange today, prices were down 10 cents from the close levels indica ers arc beginning (lie more distant their supplies. With the exec July rapeseed futures, were firm and t all commodities. The Canadian increased barley cent, but no reason heen given for the There is s o m house buying in r almost neglected. Volume of trad eluded bin of rye am rapeseed. Export loadings Wheat Friday inc bushels to Austri Germany, 500.139 to Russia. Prices for Clas; for export to com IGA: 1 Nor. 4 1.51V4; 1.74'A; 2 1.71V4; IGA pric 2 1 Durum 3 1.61V4; 4 High Low Flax Jly 287% Oct 27314 271 264 26114 Nov 2661-2 Dec 263'i Rapeseed Jly 293 NOV 262 Jan Mar 247% Oats Jly Oct 76Vi Dec Barley Jly Oct Dec Rye Jly Oct Dec Ill 111 99V4 104% 105% 28414 245 244V4 IMVi 111 111 98 102 104% EDMONTON (CP) berta department works today am contracts totalling have been ton firms. Alta-West Construction outbid 11 other fering to build a home at Lac La 843. Trans-Alta Cor bid on a senior citizen's Mid, beating 11 Noyen Constru awarded a campground de Miquelon L Park; Eorger C 'o good 25 to 20, medium 2-1 to 24.75. Good cows 21 1 ivpstorlf lo medium 19.75 to 20.50, Calgary Livestock nnd J? to lg CALGARY (CP) On offer Good bulls 26.50 to 29.30. to 11 a.m., about 475 head; Replacement cattle were mostly slaughter cattle of mix- mainly steers weighing more ed quality. Trade was slow. than 800 pounds with prices 50 Slaughter steers and heif- cents lower. Good feeder steers ers were 50 cents lower, cows 28-50 29.80. No stock or were uneven selling 25 to 50 slaughter calves were offered, cents lower. Bulls were steady. Hogs base price 28.30 to Choice slaugher steers 28.25 B; Have La By LOUIS KEVIN LONDON (AP) The Soviet bosses of a fast-growing bank in this capitalist city have run into labor trouble, Western style. In the background is a 35-per-cent raise given the Russian chairman of the Moscow Narodny Bank in honor of its 50th birthday. The raise, making Chairman Vasilitch Nikit-kin a man, was announced May 7. A demand from the National Union of Bank Employees for a nVz-p e r -ce n t, across-the-board raise for the 249 British employees followed. The union also asked for a closed shop. Nikitkin offered to meet the union part way on wages, but rejected the dosed shop. Now the union is taking a strike vote, with results to be announced this week. The Narodny, or people's, bank was incorporated in Britain Oct. 18, 1919, after the Bolshevik takeover in Russia. All its stock is owned by So- QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALS a.m. Quotes) a.m. Quotes) a.m. 3-75 Kaiser Res U.25 Northwest Gth 3.80 4.16 Asmera Kam Kotia 1.90 Growth Equity 5.34 Banff 7.65 Lake Ont PI 1.90 Grouped income 2.70 3.95 Can South 3.05 Newconux 5.70 investors GHi Grigol A.OO Rank Organ 12.75 105 Venture 2.98 Ind Gas 7.50 Inv 35.03 Mutua! Gth F 3.67 4.04 Cdn Long Is .63 Shell Inv Pld 2.O5 Mutual Incoms 4.10 J.51 Cdn Super 2350 Shell Inv Wts 10.75 Natural Res 6.23 6.81 Cent Del Rio 9.75 Sicks Ranier 3.P7'A Principal Gth 3.38 3.71 Charter 6.50 West Cdn Sd 2.05 Provident Mtl 5.71 6.2-1 Chjeftan 7.30 White and Yuk 14.50 Regent Fund 6.58 7.63 Dynam Pete 11.0 CALGARY Rcyfund f" French Pela 4.75 B7 UnitGCj Accum. 3.99 4.38 Mill City 1.23 Anne Pete V. io? VANCOUVER New Cont 87 BaroflE oil .oSVi Anuk -JJ Nurnac 5.00 Nor In Cont .01 Arctic Mining Permo Plains Pete 35 Atlas -JJ Petrol 1.04 West Warner .42 Belh Copper H-OO 73 Leduc calmar, .05V3 Bornite Ridge -JJ Place Gas 1.10 Madison 19 Block Bros 2.80 Ponder 50 Quinalta 01 Brenda Ranger 0.00 Rexdale 15 Brenmac Scurry Rsin B C. Sugar 16-M Spooner 1.45 PIPELINE STOCKS Cgpt. Market Strong Dec 3.95 Altn. Gas Tr. -tti 68.00 Coronation Credit 1.10 MISCELLANEOUS' Alta. Gas (Nat.) 19.00 Crestbrook 7.00 INDUSTRIALS Cdn. W.N. Gas 14.50 Croyden 3' Atco Ind B.50 inland Nat. Gas B.E7V's Dolly Varden Aquataine 17.00 Norlh, Central 11.00 Dynasty Brit Nfld 4.1 North, Central B 2175 Endako Cdn Brew B Gaz Metro 3.30 Giant Mascot 3.00 Cdn Hyd Car 10.75 Trans Can. Pipe Granisle 12.00 Cdn Pac Inv 21.00 Tr. Cn Pipe 2.6D 37.00 Key Ind CPR Pfd s.1214 Trans Can Pipe A 51.75 Growers' Wine B 1.65 Cygnus A 4.40 Trans Can P pc w 6.65 Hy's Prop 9.75 Western Pacitic J.20 Jericho 08 Gt Cdn Oil 3.90 MUTUAL FUNDS Kamloops 1" Gt Cdn Oil Sd 96.CO A.G.F. Special 2.02 Lornex 6.75 Home A 13.00 All Cdn. Comp. 5.9-1 6.49 Mf. Washington .10 Home B 15.25 All Cdn. DIv. 6.92 7.5fi Madrona 29 Hud Bay Co 11.62VJ All Cdn. Venture 3.02 3.30 New Cronln 08 Hud Bay Oil 35.00 Amer. Gth F 4.10 4.50 Okanagan Heltcop, 2.75 Huoh Rus Pfd 20.25 Canada Growth 4.50 4.95 Primer 18 Husky Oil 6.00 Cdn. Invest. F 3.92 4.30 Silver Standard 1.40 Husky Oil War. 2.70 Collect. AAfl 4.7ft 5.55 T.C. Ex 39 fnt Pro Pips fi.05 tri 10.85 11.89 Trolan 52 Int Util 22.00 Com'wealth Lev 2.60 2.85 Western Mines Inter Steel 5.50 Corp. Investors 4.65 S.OS Westcoast .Res .24 Jeff Lake Dreyfus F U-S. 9.37 10.27 Western Explora .20 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quoles) a.m. Quotes) INDUSTRIALS Molson's B 13.00 Falconbrldga 139.00 Abltlbi 7.50 North, Cent Frobex 28Vi Alcan 22.00 Pemblna Pp 16.B7Va First Marlttmes 1.20 Algoma Steel 12.50 Power Corp Giant Y.K fi.OO Atco Ind 8.50 Price Co 7.37Va Gortdrum 3.65 Atlan Sugar Rothrnans 9.50 Gunrtar 1.10 Bell Tel -11.75 Shell CDA 24.75 Granduc 8.25 Brazil Trac 13.1 2Va Simpson's 15.75 Headway R.L. 12.50 B.C. Tel 56.50 Simp Sears 20.50 Holllnger 27.00 Burns 7.fi2Vj Sieel of Can 21.50 Hud. Bay M-S 22.50 B.C. Forest 23.00 Selkirk A ll.Wz Hydra Ex .21 B.C. Sugar 16.00 Texaco 21. SIVi Highland Bell Vi 10914 111 111 98% ft 102% (CP) The 1969 rapeseed crop amounting to about bushels has been moved off the farm and marketed at prices substantially higher than those of past years, officials of the Winnipeg Grain Exchange have reported. In a prepared statement, the exchange said one reason for tlie storng market was the limited carry-over in all positions. The new cro harvest, expected to be about bu- Firms The Al-of public ounced five I d to Ltd., ntractors of-nior citizen's die for Ltd., contract for ome at Thor-her firms, on Ltd. was contract for lopment at e Provincial >truction Ltd. for similar jake Provin-Vestern Hoe 139 contract y system will not be available for export until late October or early November, so creating a further strong demand for the immediate visible supply available for prompt shipment. POSE PROBLEM However, the new crop prospects are for the largest harvest in history and will pose a formidable marketing problem for the industry. The exchange said the prospects have resulted in November future prices being lower than July but still higher than those offered a year ago. Brew 6.50 Trans Mtn Pp 14.75 Iso 1.57 Chemcell 4.85 Trans Can Pp 25.25 Joliet Quebec Col Cellulose 5.1 2Vi Union Gas Kerr Addison 10.25 Cat Power 20.75 Union Oil .31 Key Anacon .41 Coronation Credit l.io Versatile Mfg 2.60 Labrador 28.00 CWN Gas 10.PO Westeel 9.75 Lake. Shore 3.45 Cdn Indust Union Car 11.50 Loilch 1.55 Canada S S 20.00 Weston's B 21.25 Lanqis Silver .07 Cdn Marconi 3.25 Woodward's A 15.12W Macassa 1.31 Cdn Vickers 6.50 West Cdn Sd Madsen R.L. .91 Chrysler 18.50 Zenith Elec 1.30 Malartlc G.F. .77 CPR 53.75 BANKS Mariin McNeely 21.00 Can fmperia 19.37W Mayhrun 20 Cons Bath ll.B7ft Montreal 15.12% Maelntyro Sea 44.50 Royal 21.00 Midrlm Dom Bridge 13.75 Tor-Dom 17.75 Intern Mogul 9.00 Domtar 13.50 MINES He-v Athona .17 Dom Textile 10 Acme .09 New Calumet .23'A Dom Stores 12.62V'i Advocate Asb. 1.70 New Imperial Only LETHBR AIRSE Flies N Play 9.00 Area Mines 1.90 Northqate 11.12Vj Fd of Amer 43.00 Belcher Iron .40 Opemiska Motors 63.00 Bralorne 1.50 Patino 33.75 Gt Lakes Pap 17.00 Broulan .20 Pine Point 29.50 Gulf Oil Cda 14.75 Bethlehem 13.S7'A Placer DeV. 31.00 Hawker Sid T.B5 Brunswick 5.50 P.C. Exp 60 Huron, Erie 16.00 Canada Tung. l.EO Quebec Man .20 Hiram Walk 41.00 Cassiar 19.75 RavrocK 1.20 Imperial Oil Central Pat. 2.50 Radlore Sa Imperial Tob 13.25 Chimo 1.38 Rio Algom Int Nickel 39.3716 Conwest 10.25 SHverfields l.BO Int Pipe Cons. Ramb er .86 Sherritt Gordon 18.00 Inv Gp A 6.12V4 Coin Lake 14 Silver Miller ,07ft Int Utilities 20.25 Cochenour 43 Steep Rock mm i 3.60 Dickenson Mine 1.62 Tek Corp 5.BO Kelly Doug A 5.7S Denison Mines 22.75 Texmont 44 Deer Horn 08 Upper Canada 1.40 Loblaw A 5.75 D'Eldona .86 Western Mines 4.10 Metro Stores 17.00 Dome Mines 58.00 Wright Har. 1.75 Massey Ferg Donalda 30 WHIroy .30 McMillan 23.75 Discovery Mine 1.32 Windfall 14 Moore Corp 30.00 East Malartic .90 YeliowRnlfe Br. 4.00 Molson's A 12.75 East Sullivan 5.50 Zenrnac -.lOV's NEW YORK STOCKS Supplied by Richardson, Securities of Canada Amer. T. and T. 40.50 Montgomery Ward 40.75 20 Golds 759.14 up 1.22 Anaconda Sears 55.75 10 B Mefs 90.34 up .07 Beth Steel 22.75 Standard Oil N.J. 55.00 Oils 129.69 off .77 Chrysler 1B.OQ Texas Gulf 114.50 Volume Monday, Jun. 29, 1970 THE IETHBRIDGS HERAID 13 vlet state Institutions such as the Gosbank, the Soviet state bank. Its avowed aim is to foster East-West trade, and with the tremendous surge in this dur- ing the last 10 years, tho bank's fortunes have risen. Its assets have increased more than seven times since I960 and reached Dec. 31. After-tax profits last year came to almost The bank occupies a seven- storey modernistic building of glass, steel and concrete at the approaches to London Bridge. The ground floor looks like the public section of any other Western bank. British tellers in black jackets and striped pants handle cash op- erations over the counter. Most of the female employees are over 35. One small but profitable venture is making loans to British municipal councils, in- cluding some controlled by the Conservative party. The bank's activities match those of British commercial banks, but only a few Britons have chequing accounts there. Cyril 0. Dicks, who heads the British staff, says: "You don't have to be a Communist to work here." Narodny once had branches In Paris, Berlin and Shanghai and an agency in New York, but they were liquidated dur- ing the lean years of the 1920s and 1930s. Its branch in Beirut carries out a profitable busi- ness fostering trade between Arab and Communist coun- tries. Two other Soviet banks op- erate in the West. The Com- mercial Rank for Northern Europe, about the same sizo as Moscow Narodny, is In Paris. The much smaller Woz- chod Handelsbank is in Zu- rich. Shareholders Get Offer CALGARY (CP) E. A. Galvin, president of Canadian Industrial Gas and Oil Ltd., an- nounced here a share-exchange offer to shareholders of United Bata Resources Ltd. The offer is for an exchange of one fully paid common share of Canadian Industrial Gas and Oil for fully paid shares of United Bata. Mr. Galvin said a condition of the offer, which could be waived, was that more than 50.01 per cent of the shares of United Bata outstanding and, subject to options and war- rants, must be held by Cigo af- ter it takes up shares under the offer. There was no ex- planation of under what cir- cumstances the conditions might lw waived. He said the offer will be mailed to shareholders of Uni- ted Bata in Canada by July 1. They will have until July 31 to accept the offer. NOW LEASING UP TO SQ. FT. OFFICE SPACE IN CENTRE VILLAGE MALL Will subdivide to suit -Rental negotiablo dependent on finish required Call KEITH HAND MARATHON REALTY PHONE 327-1442 THE UNIVERSITY OF ALBERTA DEPARTMENT OF EXTENSION MANAGEMENT MOTIVATION SEMINAR JULY 22 23, 1970 This business seminar is arranged for end others who have a responsibility for establishing and main- taining a high level of motivation In their organization. The lecturers, Dr. C. A. Lee and Mr. J. W. Ondrack of The University of Alberta, will supplement their lectures with a seven-film 'series illustrating current research and theory. Fee: including materials. Registration deadline: July 15, 1970 For a detailed program please contact the Department of Extension, The University of Alborta, Edmonton 7, or telephone 439-2021. Limited Quantities While Stock TO CLEAR AT Open A Crestline Budget Account ComsaT........32.00 Texas Co...... Dupont......116.50 Woolwcrth General Motors 61.25 Wesiinghouse El Gulf ........22.87'A U.S. Steel Int. Harvester 23.25 Kenn. Copper 44.75 26.87IA NEW YORK AVERAGES 29.50 30 Indust 684.31 off 3.63 64.CO 20 Rails 123.09 off 3.46 _._. ____ 3I.37V4 15 UtilS 96.43 off .16 TORONTO AVERAGES 65 Stocks 21442 Off S.23 20 Indust 151.82 off 1.00 Volume CRESTLINE BUILDERS MARKET LTD. 'lETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 Or 327-5110 STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe store or ladies' wear APPlYi Stan's Men's Wear 321 5th St. 3. PER MONTH To some people an impossible dream, but if you're a franchise man you know it's a fact with the right deal. This we have. Unquestionably the finest vending machine program in the country. Not one of our sales staff is earning less than a week commission and some never heard of the word 'fran- chise' until they joined us. We will talk to any exec- utive type salesman with lalo model car, good ward- robe and willing to travel extensively. Complete train- ing Jo ihose accepted. For personal interview call MR. KENDALL Sunday, Monday and Tuesday in Calgary at: 266-1611 to Edmonton With Air Canada no longer serving lethbridge and Time Airways eliminating their NON-STOP direct service to Edmonton, ws are Ihs only Air Service offering NON- STOP air service from lethbridgo to Edmonton in modern Twin Engine Aircraft. Now you- con get to Edmonton faster, more conveniently, by flying in o Charter Aircraft from Lethbridge Air Servics lid. Fly with us. We try lo make flying a pleas- ure. And we'll tako you there NON-STOP. Charter Aircraft Rotes as follows; 3 PASSENGER TWIN ENGINE A PASSENGER TWIN ENGINE 5 PASSENGER TWIN ENGINE RETURN TRIP LETHBRIDGE TO EDMONTON TO LETHBRIDGE (If Total Cost li divided by 168 224 280 Poisengen the iveroge coil is) 3 5 JfJQ NOTE: A Round Trip Airline fare is per person. If you have 3 or more people travelling together, a Charter Aircraft costs no mort ond sometimes costs less than regular Airline fares. Phone us at 327-1561 for further information. LETHBRiDGE AIR SERVICE LTD. WE'RE GOING PLACES!