Lethbridge Herald, The (Newspaper) - June 30, 1970, Lethbridge, Alberta
Decline In Stock Market Continues TORONTO (CP) The To- ronto stock market dropped fractionally in light mid-morn- ing trading today. On index, industrials were down .27 to 151-74, golds .72 to 157.82 aild base metals -15 to 89.51. Western oils advanced .04 to 128.27. Volume by 11 a.m. was shares. Losses outnumbered gains 82 to 65 with 133 issues unchanged. Largest declines were in bank and construction and materials sectors' CPR was down to Slater Steel to 'Dome Pete to 46, Canadian Impe- rial Bank Vt to Wi, Consoli- dated-Bathurst Vt to 11% and Inco to 3914. Mattagami was down Vt to 24'A, Dynasty 33 cents to Lake Dufault to 17, Asamera to 12 and Triad Oil 10 cents to Agnico was down 24 cents to The company said it had discovered a vein of silver on property in southern Ontario. DRIFTS LOWER MONTREAL (CP) Most price changes were fractional as the Montreal stock market Beef Futures WINNIPEG (CP) There was a very light trade in the July futures on the Winnipeg live beef futures market Mon> day- Open High Low Close Mon. Jly. 30.90 30.95 30.90 30.90 30.90 Sept- 29.35 29.35 NOT. 28.80 28.80 'Jan. 28.80 28.80 drifted lower in light early trad- ing today. Bell Canada was up Vs to wt. Th.p company has filed a pros- pectus with the Ontario Securi- ties Commission for a public of- fering of an undisclosed.amount of first-mortgage, 20-y ear bands. Dome Petroleum slipped 1 t 45V4 CPH Vt to Asbesto Corp. to Consolidated Bathurst to ll'.z and Husky Oil Vt to Industries did net trade- Shareholders at the com- pany's annual meeting ap- proved the sale of eight subsidi aries to Audio-Visual Interna' tional Corp. for shares of Audio-Visual and cash. On index, industrials were off 23 to 151.74, utilities .30 to 123.09, banks .41 to 164.39, th composite .26 to 147.05 and pa- pers .02 to 84.15- Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 a.m. compared with at the same time Mon- MODEST REBOUND NEW YORK (AP) The stock market made a modest rebound today with glamor stocks leading the advance. Trade was moderate. At noon the Dow Jones In dustrial average of 30 stocks was ahead 3.43 points at, 686.34 Winning issues on the New York Stock Exchange led losers b> about 4 to 3. Among Canadians, Mclntyre Porcupine was up and Hud- son Bay Mining Dome Mines fell Vt, Inco Vt and Alcan Vs. On the American Stock Ex change, Preston rose Ve. Scur- ry-Rainbow fell Vs. Grain Prices WINNIPEG (CP) Barley ad rye attracted (airly good uying interest on the Winni- ng Grain Exchange today. Amounts ot the sales or who ere the takers were not im- lediately known but volumes believed to be quite arge. Oilseeds drew little action and prices were generally eas- er near the close. Volume of trade Monday in- olved bushels of apesccd, of rye and of flax. Export loadings of Canadian inducted to Ger- lany, to France, India, to The Nether- ands, to Morocco, to Syria, to Switzer- and, to the United Republic, to Rus- ia and to Britain. Prices for Class Two wheat or export to countries outside WA: 1 Nor 2 3 4 l.SUi; 1 Durum .73ia; 2 1.701s; 3 1.61; 1WA and domestic prices: 1 Nor .51 Vf, Trudeau Neutral On Holiday Name OTTAWA (CP) Prime Min- ister Trudeau takes a neutral position on the name of the July 1 holiday in his message for the day. He does not use Dominion Day, the official name, or Can- ada Day, the name which the CBC and government agencies have been using on instructions Surgeons Must Issue Death Certificates NEW YORK c i a n s performing abortions under the state's new liberal- ized law must issue a death certificate for each fetus re- moved from a women, ac- cording to the city's health code. Officials of the health serv- ices administration explained here that the certificate also provides room for a fu- neral director's certificate or to indicate otherwise the dis- position of the fetus. Starting this week, any New York woman may re- ceive an abortion on her re- quest and that of her physi- cian. British Actress Fined LONDON (Reuters) Ac- tress Marianne Faithfull was fined here Monday for trying to evade customs duly on an expensive mink coat. The 23-year-old former girl- friend of Rolling Stone Mick Jagger admitted making a fake declaration to customs officers at London's Heathrow Airport. rom the state secretary's de- lartment. Mr. Trudeau settles for: "Our national holiday on the first o July." Former prime minister Johi )iefenbaker last week allege westcoast Trans 16.25 In West Pacific 4.20 K MUTUAL FUNDS L( AGF Special 2.00 W Cdn Comp 5.94 6.49 N. All Cdn Diy 6.91 7.55 Primer All Cdn Yen 2.V9 3.27 Silver Standard Amer Growtr. 4.07 4.47 TC Ex Canada Growth 4.48 4.92 Trojan Cdn Invest 191 4.29 Western Mine! 7 50 Collective Mut 4.75 5.22 Weslcoast Res 3725 Cmn Inter. 10.79 11.62 Western Ex 2.55 Cmn Lever 2.58 5.63 Utica 2.97 3.2'. 4.C5 3.62 .191 4.08 4.49 6 17 6.74 3.36 3-6? 5 70 6.23 6.93 7.57 3.70 1 10 6.25 Cronin TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities ol Canada LAST BID OR SALE a.m. Quotes) a.m. QuoJesJ INDUSTRIALS a.m. Quotes) bl..... Alcan..... Algorna Sieel Atco Ind Atlan Sugar Belt Tel Brazil Trac B.C. Tel iurns B.C. Forest B.C. sugar CAE Ind Cdn Brew Chcnicell Col Cellulose Cal Power 7.37 21.B7 12.37 8.25 S.flV 41.62' 13.00 56.50 7.50 23.0H 15.87 3.90 6.50 4.35 Molson's B North, Cenf Pembina PP Power Corp Price Co Shell CDA Simpson's Simp Sears Siee! of Can Selkirk A Texaco..... i Traders Gp A Trans Mln PP Trans Can Pp Union Gas Union Oil Mfg 13.00 11.03 5.87V; 7.25 9.50 25.25 15.62V3 20.00 21.37V: 21.75 8.12V3 15.00 25.75 13.00 31.00 2.50 CWN Gas Cdn Indusr Canada S S Cdn Marconi Cdn Vickors Chrysler CPR_........ Cons Bath Cons Gas Dlst Sea Dorn Brldga Domtar Dom Textile Dom Stores Dome Farn Play Fd of Arner Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hewker Sid Hurpn, Erie Hiram Walk Imperial Oil Imperial Tob Int Nlcekl Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Blofl Moore Corp Molson's A 10.00 B.25 20.50 3.25 6.50 18.75 52.CQ 21.00 11.37 Vi 15.25 13.75 13.37V4 10.25 12.12'A -15.50 9.50 43.00 3.60 43.25 17.25 14.50 1 75 16.CO 40.25 15.37VS 13.000 39.35 6 12Va 19.75 20.75 3.80 5.50 .4.30 5.87 to 17.00 23.37V2 ?9.50 13.00 Westeel Union Car Weston's B Woodward's A West Cdn Sd lmm "BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom..... MINES Advocate Asb. Akailcho Area Mines Belcher Iron Black Bay Bralorna Broulan Selhlehem Brunswick Canada Tung. Casslar Central Fat. Chimo....... Comvest...... Cons. Rambler Coin Lake Cochenour Craigmont DIckenson Mine Denison Mines Deed Horn D'Eldona..... Dome Minei Donalda Discovery Mino East Malortlc Easf Sullivan Falconbrldgt Frotex First GifinI Y.K..... Goridrurn Gunnar Granduc Headway R.L. HoIHntjer Hud. Bay M-S Hydra Ex. Highland Bell Iron Bay..... 150..... Joliel Quebec Kerr Addison Key Anacon Labrador Shore VI .55 20.50 15.17V3 3.05 1.30 19.5G 15.00 16.75 21.00 17.50 .09 i.es .03 1.50 .20 13.75 5-dO 1.90 19.50 2.50 1.36 9.EO .86 .U .45 11.50 1.65 22.75 ,07V .85 55.00 .30 1.32 Leikh Langis Silver Macasia Madsen R.L. Malartic G.F. Marlin McNeeiy Mnybrun MarJniyre Met a........ Midrim intern Mogul Now Athonn New Calumet New Imperial Morenda NorthqatG Opimlska Patino....... Pine Point Placer Dev. P.C. Exp..... Gusher Men Ravrock Radiore Rio Algom SKverfields Sherritt Gordon Silver Milter Stesp P.ock Siscoe....... Tek Corp..... Toxmont Mines Wrtciht Har. Willroy....... Windfall..... YeMowknlfe Br. Zeniriec 1.20 8.10 3.50 1.06 8.30 11.50 27.00 21.75 .21 2.75 2.65 1.55 38.00 3.45 1.5S 11.50 ,23'ii 155.00 30.CO 30.00 30.50 17.75 3.65 3.00 2.01 5.B5 .as 4.15 1.45 1.3-1 NEW YORK STOCKS Supplied by Richardson, Securities ol Canada HEW YORK STOCKS Mont Ward Amr T and T Anaconda Bth Steal Chrysler Comsat Dupont GM Gulf...... IHC...... Kenn Copper 41.00 Sears 55.25 23.50 Std Oil Of NJ ..55.00 Texas Gulf......1U.50 18.12VJ Texas Co.......26.25 31.00 11525 Weslinghouae 64-75 61.75 U.S. 2300 TORONTO AVERAGES 2312'A 20 Indus 151.7-i off 27 20 Golds 157.91 -oft 63 10 Base Met off 33 15 West Oil 127.29 off H Volume NEW YORK AVERAGES 30 Indus 685.51 up 2-60 20 Rails 120.97 off J9 15 Utilities V5.B3 off 65 Slocks 211.55 up M Volume Markets In Offing For Cattlemen REGINA (CP) producers on the Prairies, par- ticularly cattlemen, must not worry about flooding the mar- ket and concentfate on market opportunities, an agricultural expert said here. Harry Hargrave, Prair i e Farm Rehabilitation Adminis- tration deputy director and re- cently appointed agricultural marketing commissioner for Alberta, said better hogs are beiiig bred aided by new grad- ing regulations and North Am- erica will require a 100 per cent increase in beef production bj 1980. "Consumption of pork is dropping but 1 think it is pos sible to persuade more people to eat pork if (he quality is he told a Rotary lunch con. Mr. Hargrave said the Prairies are well suited to the raising of sheep and this ani mal provides real market op portunities because Canadians now eat 3V4 pounds each every year and three quarters of that total amount is imported from New Zealand. Prairie parklands offer tre- mendous cattle raising potcn tial and many acres of mar NOW LEASING UP TO SQ, FT. OFFICE SPACE IN CENTRE VILLAGE MALL Will subdivide lo tult -Rental negotiable on finiih required Call KEITH HAND MARATHON REALTY PHONE 327-1442 ginal land now seeded to wheat could be put into grass produc- tion. "Let's keep growing wheat In the areas where we can do a better job than anywhere else in the world, but marginal ,-heat land should be converted to grass." ROYNAT APPOINTMENT MICHEL PEUAND RoyNot Ud, onnouncei ap- pointment of AAicM Pellond manager of Ms district In Calgary which serves the com- pany's clients in southern Al- aertd and southeastern British Columbia. Mr. Pelland has been assistant manager at the diitnct ice in Montreal and now succeeds R. Rogers Bell who been appointed assistant fecro- tory of the company.