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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 10, 1971, Lethbridge, Alberta Morch THE IETHMIDGE HRAID 27 Miscellaneous quotations varieties of tL M 1 n ra iMm i by Rawfliouse and McCuaig A LAST BID OR SALE CO tittTO1 WESTERN OILS Husky Oil 1 Cmnw Lev 379 agents nightmare EDMONTON1 CP Trying all sectors of the he handled the producers and distinguish current varieties said UK h6 Market fractions TORONTO CP The stock 1 market was mixed to fraction c ally higher in moderate midmorning trading On industrials rose to 180 re and base metals to Golds lost to and western oils to Volume by 11 was up from at the same time Gains outnumbered losses 115 to 106 with 200 issues Twelve of the exchanges 17 subgroups were Canadian Imperial Bank was up to Laurentide Financial to Shell Vs to Hamilton Group to Lake Dufault to Dynasty 15 cents to and BP Oil and Gas five cents to Husky Oil lost ft to WalkerGooderham 3s to Aquitaine 4 to Patino to Sherritt H to and Western Decalta five cents to BANKS BOOM MONTREAL CP Banks boomed to a new yearly high well above the 1970 maximum as prices in most sectors rallied in light trading on the Montreal stock market Banks gained to outstripping this years high of and the markreached in Industrials were up to utilities to 154 the composite to while papers declined to By 11 shares Highlighting gains among financial Bank of Commerce was up to Royai Bank to Royal Trust to Montreal Trust to Among rising issues on the Stock Canada Steamship Lines was up e to after announcing an increase in net earnings in Credit Foccier gained to Falconbridge S2 to Noranda to Gulf Oil Canada Vt to Hightlighting Husky Oil was off to Alcan V4 to WalkerGooderham to DRIFTED LOWER NEW YORK AP The stock market drifted lower and brokers said profi taking could increase if the market showed an inability b support a definite penetration of the 900 level by the Dow Jones industrial The Dow Jones average of 30 industrial stocks was off to at Among Canadians on illy up Canadian Pacific was own 1 to and Distillers Seajrams to Dome Mines ained at jranby Minng V ai Hudson Bay Minng at and Walker Sooderham at and Ucan at EDMONTON CP Cash eceipts from farming operaons in Albena during 1970 Iroppsd by per cent to S709 million from the previous the provincial government reported The government said in a iexst on Alberta business trends hat the decline is due mainly o substantial prepayments of ash advances on farm stored rains and considerable reducons in participation payment rom the Canadian wheat board and drops in dairy supplemenary Total cash returns to proucers of livestock and livelock products amounted to an increase of ler cent from Much of this increase was atributed to the greater value of ales of Although averge hog prices were below of the previous marketings were sufficiently ugh million compared with million in 1S69 to roduce a 10percent increase n cash 6 15 Husky Oil War r 1875 Inter Pro Pipe oSJ Ulil Pld outh 5 o inter Steel Gas J JEff Lake Grid U 75 Jcutel e 8 SO Kaiser Res e Ptd ISM Kam Kctia Gas 11 2j take Ont Pt Ce Is 71 MGF Manage f tor 37 50 Mentor Rio 12 75 Newconex 450 Pac Pete Rank Organ te Sekirk Hod 3etc 1 M Shell Canada e 745 Shell tnv Pfd alns shell Inv Wls sicks Rainier 1 70 west Cdn Sd t 78 White and Yuk 1 Ol1 Numac 7 30 CALCAR Permo 70 Acroll Petrol 1 38 Anac Pete Pinnacle 78 Barons Oi Place Gas 1 North ConT Ponder 77 Plains Pele Ranger 14 00 west Warner Scurry Rain 24 37A Madison Spccner 1 76 Rexdale West Decalta 6 u PIPELINE S MISCELLANEOUS Alia Gas Tr L INDUSTRIALS JJlia Tr L Agra 750 Nat Gas Atco Indus 875 Cdn w Nat G Aqiiataine 24 10 miand Nat Ga Br t Nfld Corp N and C Cdn Brew A 31 00 H and C B P Cdn Brew B 37 25 Gaz Metro Cdn Hyd Carb 1700 Gas Metro Pfd Cdn Pac Inv 2575 jr Cdn Pipe CPR Pld Tr Cdn P P In Tr Cdn P Pfd Cygnts A 525 Tr Cdn P W Cyqnus B 6671 Westcoast Tr Cum Prep 1625 Western Pacif Gt Can OH Sds MUTUAL F Gt Cdn Oil Sds 10000 AGF Special Home OH A 27 62tf2 All Cdn Com Home Oil B 2B 25 All Cdn Dlvid Home and Pit 205 All Cdn Vent Htd Bay Co 17 50 Amr Gr F Hud Bay Oil 41 Cdn In Fund Hud Bay Oil Col Mutual Hugh Rus Pfd 22 00 Cmnw Inler Toronto Supplied by Richardson LAST BID C a n Qmles MINES New calumet A 07 New Imperia Acme Noranda Advocate 2 32 Ncrthqate Alcaltcno 50 Area 1 61 Black Bay Pme Point Bralorne 240 Placer Broulan SKi r m Belhlehem Brunswick 5 35 Canada 1 JO 2325 f Central ardo r ConwBSt Rambler 2 33 Coin Lake I 5 I n Mines 1 43 V Mines 2B 00 v B inCS 1NDUST y Mines 1 13 Abltibi iiartlc 1 10 Alcan 1 ilivan 340 Algoma in S F 490 35 j Dreyfus F U 12 4J 0 j Gr Equity 402 tl e Gr In Shares 338 n 1 must Cr 10 85 1 67 U Invest Mutual 523 77 Mutual Ac 52 to Mutual Gr F 5 20 77 j t Nat Res 2 03 r H W Fin 91 J N W Gr SW 5E7 I Principal Gr t ls s 5J Royfund 548 5 i5 s i United Ac 4 74 521 sav 785 T Temp Gr M 71 27 Cl VANCOUVER Anuk Arctic Mining 2 Atlas Explor JO i Beth Copper 15 25 Block Bros 415 l v Brenda 7 so B Sugar 18 37 2 M Sugar Pld 1550 35 CapT Infer S 75 cnurcnlll Copptr 1 05 Col Cellulose 550 Coronation Credit 2 Crestbrook F Ind 68i croyden Dclly Varden 27 TOCKS Dynasty 4 25 A 49 50 Fort Reliance tO Pfd 73 00 Giant Mascot 4 5 Granlsle 9 75 as 1550 Key Indust 12 Wh Growers B 3 25 15 75 Bathurst 1 21 Id Hys 225 4 60 Interior Brew 4 A 64 00 Jencha Kamlocps Copper 13 d Lornex 7 VJ A 6 CO Lyttcn Minerals 211 ar 1000 New crcnm 07 2 2450 New Imp Mines 135 c 4 30 Okanagan Hehcop 4 JO UNDS Primer 17 Pyramid 3Ji 7 BO 8 52 Silver Standard 1 52 i BS 9 70 Texmont 3 52 3 65 Trojan 27 5 47 6 01 Western Mines 3 40 4 48 4 92 Westcoast Res 15 6 24 6 85 Western Explor 25 1267 1363 Utica 53 industrials Securities of Canada R SALE Quutes Quotes Dom Stores 10 75 1 35 Dome Pete 87 31 35 Dofasco 21 87Va 855 Fam Play 950 Fd cf Amer 59 Gt Cdn Oil 515 20 62W Gen Motors 82 25 1900 Gt Lakes Pap 19 12W 3325 Gulf OH Cda 21 75 1 10 Greyhound U 25 Hakwer Sid 2 AO 1 72 Erie 21 50 3B Hiram Walk 3800 1875 imperial Oil 675 Imperial Too In Nickel 4525 n 1912W Int Pipe 2S75 08 Inv Gp A EM 2 43 Int Utilities 43 1 76 indust Accept 17 75 5 SO Laurentide Kelly Doug A 525 1 95 Lceb 3 90 s 3 50 Loblaw A 5 00 1 20 Metro Stores 38 00 Massey Ferg 1025 McMillan Bloe 25 50 BBS Mocre Corp 3550 Mosens A 1600 HALS Molsons 8 16121 Cent 16 00 23 GO Perrbina Pp 2850 Power Corp 525 Price Co 837 Rothmans 1200 Mm St Law Corp 19 oo ulm Shell CDA 3525 rn Simpsons 19 25 I Simp Sears 2425 5400 Steel of Can IB selkirk A 12 50 Texsco 30M Traders Gp A 1150 JM Trans Mtn Pp 33 37 6 12 Trans Can Pp 31 oo 248714 Union Gas 1525 Union Oil 4200 Ve satile T 50 IT Westeel 10 75 li i in Union Car 11 V1 ITO westons B a Woodwards A 2027 2725 West Cdn Sd Zenith Elec 2200 Bnuifc 75 BANKS Can Imperial 2450 5200 Montreal 1525 21 50 Nova Scotia 87 1525 Royal 2587 TorDom 22 M fe stocks Securities of Canada Ward 20 Golds 18017 off 296 8550 10 Base Met 9245 up NJ 15 W Oils 20864 Up T1S Volume 3700 NEW YORK AVERAGES 30 Indust 89691 Oft 219 Elec 80 20 Rails 200 65 Off 31 50 15 Utilities off AVERAGES 65 Stocks 295 48 off SO 67 up 42 Volume rapeseed from the lowrucic types presents some t of a nightmare to eleva 1 3r agents and grain inspec i Delmer newlyap I commissioner of UK card of Gram aid 1 speaking at the e Upseed Association of Can I das annual said the ifference can only be deter 2 rjned in a chsnucal laboratory ismg complex and Rusticated The equipment incudes a as ehromatcgraph and an It is enviously impractical o set up such apparatus at a country But with care in seeding and ffcrts to eliminate subsequent ontamination at the elevator nd we should be ble to handle the movement ithout having to analyse very farmers delivery to a uuntry Mr Pound said it will be he responsibility of everyone concerned in the movement nd production of the new vaities to exercise special care n its Provided this occurs and there is a complete changeover vithin two years to the new trains of then the situation will lake care of itelf fairly REQUIRE AFFIDAVIT The commission will require an affidavit from the producer covering each delivery U a country elevator if he wishes o market his crop as zero erucic acid Pound This affidavit should state that tlra rapsseed being delivered was grown from certified seed of a new variety and las been handled in such a way as to prevent any contamination with normal He said it was anticipate there will comparatively little of the new varieties delivered this fall to country The major handling prob lem will arise in the fall o 1972 when possibly the bulk o the rapeseed crop will be of the zero erueic acid Pound said the boari will closely monitor erucic acid levels this fall and the result will indicate what future actio is If we can succeed in mee tag a level of fivepercent eru cic acid in shipments to domes tic crushers and overseas mar kets then the transition period will be relatively painless this cannot be tie board may have to p ish special grades and become f in a greatly expanded n esling Not only would the boards p ork be enormously a ut it seems likely that consid ii rohle losses would accrue to c xsth producers and the trade vhsn grades changed as the o ero erucic acid rapcseed o noved through th system licking up contamination to a t o jit where it exceeded the a vepercent c ESTS NEEDED 1 Pound said it was con c e 1 v a b 1 e producers 1 require tests before they c could deliver their crop and j this program would require t least six On the basis of present the board believes the hangeovcr can be told the association many reducers and members of the rain trade complain of overjgulation and control Your ability to handle theae roblems in sour production n handling ai well as others i the marketing or rapeseed ould establish a precedent Men might be followed as her new crops are develP2d A concerted effort to make le seed of the new varieties vailable to Canadian produers started last year after Huropecn rcseachers claimed vidence of heart damage in aboratcry rats fed high doses f erucic a constituent of iresent rapcseed Federal food and drug direcorate officials have said that he levels of intake of erucic acid in the Canadian diet is not i hazard to prices WINNIPEG CP Trading light at midsession n the Winnipeg Grain today with slight advances posted in both rye and apeseed Rapeseed had some buying y United States houses and cats and barey were mainly inactive but rye was showing some strength ith good exporter Tuesdays volume of trade vas bushels of of rapeseed and f Midsession prices Flax May unchaged uly Vt lower unhanged not Eapeseed Vancouver March 2 higher May higher July lh higher unchanged Rapeseed Thunder Bay April 1 higher June 2 higher 28214B Wt higher not Oats May unchanged uly unchanged 85 ant not Barley May higher and not RyeMay Vs higher July higher and not Prices for Class Two whea Tuesday for export to countries outside IGA 1 Nor 2 3 4 171V4 1 Durum 2 3 4 IGA prices 1 Nor 2 3 4 Vi 1 Durum 2 3 4 Grain quotes Tuesday basis High Low Close May 254 254 254V4 Jly SSWt 252V4 252 Oct 253 255 256 NOV 254 Rapeseed Vancouver Mar 317 315 316 May 294 291 293 Jly 279V2 277 278 Sep 260 Rapeseed Thunder Bay Apr 291 291 291 Jun 280 278 280 Oct 258 256 258 Dec 254 Oats May 85 85 Jly 85 Oct 85 Dec 85 Barley May 130 130 Jlv 128 Oct 122 Dec 124 Rye May 113 113 113 Jly 107 100 107 Oct 106 Dee told to lobby for OTTAWA CP Senator Ernest Manning said Tuesday night he told Prime Minister Trudeau 2j years ago the government should lobby for construction of the Alaska oil pipeine thiough The former Alberta social credit premier told the Senate hat as far as he can the obbv began a month two years too late to offset plans to mild the Valdez line through Senator Manning spoke on second reading of amendments to the Canada Shipping Act to provide a 15centaton levy on crude oil shipments to build a fund to combat and compensate for oil he the levy wont apply to the giant tankers that will carry oil from to Pacific Northwest ports in the U These shipments would pose the greatest single pollution threat to Canadian Senator Manning asked whether an alternative to the levy had been considered in view of Senator Malcolm Hollett PC said the years ago ail pipeline overlooks another pollution oil drilling rigs off the The 79vearold reailing Newfoundland tidal vaves anil said he doubts an offshore pipeline can stand up to any of He predicted that if any of the more than 71 companies with offshore leases discover it rill be the end of fishing on the east Senator Hollett wondered how nuch thought federal and who have fought orer jurisdiction in the offshoie have given to the xillution Senator Hollett said he stoutly supports the amendments as a move tc iwart He felt the levy should apply to all potential pollutants and not just He wondered what had happened to suggestions that dykes oe built around refinery areas or pipelines to contain oil And he wondered how Canada will enforce the proposed II had many receives EDMONTON CP The Alberta government received in sales of natural gas eservations in Crown Highest price paid was by Anderson Exploration Alamo Petroleum aloma Petroleum Barnveil of Canada and Dome Petroleum They took licences for acres in the lines Creek area near about 250 miles northvest of The price was the hlghesl aid for licences on Crown ands so far this OU earnings dip CALGARY CP Husky Oil had a 12percent gain in gross revenue during 1970 while net earnings from operations declined by the same Operating revenues lotslleS and income from operations or 67 cents a The earnings were reduced by from a loss on the sale of offshore contract drilling operations and the pershare nst income was 49 cents for In Husky had gross revenue of and profit of or 76 cents a share The 1970 figures include results from operations of two Curtis and Empire State Oil Co from April the date of acquisition by High interest mining claim Canadian dollar exchange losses and losses on disposal of marketing outlets no longer required were among items blamed for the reducec earnings in prices EDMONTON CP Prices to 11 am provided by the Alberta Hog Producers Marketing Board Edrnonton Quoted and selling Average Tuesday Calgary Quoted and selling Average Tuesday Red Deer Quoted and selling Average Tuesday Lethbridge No Average Tuesday Lloydminster No Average Tuesday Grande Prairie No sales today or Total hogs sold 228 to 11 Tuesday Provincial average Total sows provincial average Atlan Sugar 1 anllmss 106 Bell Tel i K 9 B5 Brazil Trac unnar Tel 6 80 Burns L B Forest 37 SO B C Sucar y MS CAE Ind Cdn Brew ell 305 Chemcell 350 Col Cellulose j iec 21 Cal Power K en 9 40 Coron Credit K n 33 Gas 3fi50 Cdn Indust 3 10 Canada S S Li 1 60 Cdn Marconi L er Cdn Vickers M L Chrysler V CPR M Neely 10 00 Cominco M T Cons Bath M 13700 Cons Gas M Dist Sea M 29 Dom Brldgb In Ul 11 37A Domtar New Amuiia 15 Dom Textile Neiv Yor Supplied by Richardson Amr T and T 49 00 Montgomery Anaconda 21 00 Sears Sleil 21 37W Std Oil of Chrysler Texas Gulf Comsat 00 Texas Co Duoont M Woolworln General Motors 8275 Westlnghouse Gull 31 00 US Steel Int Harvester 3125 TORONTO Kenn Copper 3600 20 Indust liouses to show fight tj NEW YORK AP Movies of t h e Joe FrazierMuhamniot All world heavyweight title fight will be shown in theaties in the United States and Canada starting i was announced The announce ment was mads by Joseph Sugar president of Cinerama Rcleas ing a distributing organi and by Robin French representative of Fight of Th which promoted the fight won by Frazie on a unanimous 15round deci No financial details were re cancels Ms Beef futures WINNIPEG CP The Wf nipeg live beef futures marke had one trade Tuesday wit several bids and offers at cur rent levels to 10 points higher There were no trades Monday Open High Low Clos Mar 33 May Jly conductor of die London Symphony Orchestra has injured his back and cancelled plans to conduct the Philadelphia Orchestra in four con certs in the next two an orchestra spokesman The spokesman said Eugene the regular director of the will conduct in Previns place March 13 and The spokesman said here Previn has been placed in trac tion since he slipped a disc dining a recording session in Lon LONDON AP American actor Charlton Heston an nounced here he will d i r e c his first Antony and will himself as Antony and Africanborn actress Hildegarc Neil as The film will be made ir earnings By THE CANADIAN PRESS Canadian Pacific Railway year ended 31 a share Tamlilyn 40 w e e k s ended 2 a share 58 Bank of Montreal Three months ended 31 cents a share 40 Value MONTREAL CP dollar in terms of Canadian funds m erms of Fount sterling was up 116 to NEW YORK CP Canadian dollar down 364 at 99 43fr in terms of U SS funds Pound sterling up 164 at 41 Leth bridge Livestock Supplied by Canada Department of Agriculture On offer to 11 a 135 Receipts mostly butcher heifers and trade Butcher steers meeting good prices 25 or mere Butcher heifers selling steady for kind on All classes of selling steady i with odd heifery kinds to Choice steers to 32 good 31 to low choice heifers 29 to good 2850 to 29 medium 27 to 2823 good cows to medium 18 to 19 earners and cutters 15 to Butcher hogs sold Tuesday f Lethbridge to 21 35 1 base Calgary Livestock CALGAEY CP On offer j to 11 about 975 head mostly choice slaughter steers and Trade was I w ith some out of province deo s Slaughter steers were steady heifers steady to cows were steady with r good kinds scarce and bulls 1 were Choice slaughter steers to good 30 to medium to Choice heifers 2925 to good 28 to medium to o Good cows 20 lo medium 19 to cnnnors and cutters 17 1 to Good bulls 24 to 25 report Replacement cattle were mostly fleshy steers weighing between 900 and Prices were steady with no stock or slaughter calves Good feeder steers more than 750 pounds 30 to 3250 Good feeder heifers 28 to 30 80 depending on Hogs base price 21 Collective forced on CP Farmers in Canada and the United States have been forced to consider collective bargaining action because of their dwindling political influence Canadian Agriculture Ministei Olson said Speaking to an internationa conference on the handling o perishable agricultural com modifies at Purdue Universih Olson said it is clear tha a reduction in the number fanners farmers has meant a decline in their political strength As a farmers were depending on themselves to protect their place in the economy Seme are forming orgamza tions to help them improve theii efficiency or to weld their bar gaining power into a more pow erful The success of labor union has forced farmers to comide collective action for them Olson IN BAD POSITION Agriculture surpluses hav continually put farmers in a bai economic Olson saic The industry in North Americ has been able to produce fa above the demand with little ef I As a at a time action Olson other organized groups h a i been able to pry a larger re ward out of the national econ farmers in Canada and the United States have beer smothered under a blanket o flood Farm subsidies from govern ment resulted mainly from tht Mlitical power in rural areas and the sjmpathy of an afflu ent urban Farmers could no longe weild the same power becau they had been unable to estab lish an effective power ATTENTION r FARMERS 1 Mm RIVER GRAIN J IS NOW CONTRACTING Rape Seed And Mustard Seed H DEIIVERY OF YOUR CROP FROM THE M FULL CASH PAYMENT s H ON DELIVERY TO IETHBRIDGE OR MILK e Certified planting seed supplied at n nominal f 81 Can be purchased on an over delivery quota basis at your c LIMITED ACREAGE iH Call Our Office Immediately I In MILK RIVER6473510 In LETHBRIDGE at COLLEGE MALL 1 1 8270 per month for doing nothing Australia Reuler A 64yearold longshoreman gets a guaranteed a month for doing and hes been at it for three Geoff Hogan is nonunion laborer who has not lifted a bale at the docks since when he was blacklisted for refusing to pay a union levy to a social He has been receiving his pay cheque for appearing at the wharf each where he waits long enough to answer his name on the rollcall and then goes dollar lo be issued OTTAWA CP A new si ver dollar for com memorating the 100th anniver sary of British Columbias entr into will be is sued this the finance de partment announced The silver Canada first since will bear a por trait of Queen Elizabeth on th obverse and the coat of arms o B on the It will sell for S3 and will b available only from the numis matic section of the Royal nadian starting April Egg market EDMONTON CP1 Weoklj egg and poultry report Eggs To producers large 39 A medium 35 small 21 B 19 C 6 Cracks f To A large 50 to 3 A medium 47 to 48 A smal 32 to B 32 to 34 C 19 t 20 Cracks 19 to To con sinners in A larg 52 to 53 A medium 49 tc 50 A small 34 to Poultry To producers live 1 chicken broilers 20 Flow Under Turke Under 25 i 12 to 1 IGi cbcr Live No cVCkcn 17 j Tu kcv Under j 12 to I 23 la over Bank reduces 1 mortgage Potato futures 3 WINNIPEG CP The Mar c time potato futures market i fairly active Tuesday wit trades at current Con mission houses were selling an eastern dealers Tlier y were 19 trades Open High Low Clos 2 Mar Am 233 May 285 NOV CP Toront Dominion Bank has reduced it prime mortgage rates fo homes by a quarter of a pe cent to 8 per cent for Nations d Housing Act mortgages and 9 0 per cent for conventional mor e The change follows similar re ductions during the past weeks by other financial instill A By THE CANADIAN PRESS Home and Foor five April rci ord March WONT BURM MOSCOW Reutcr Pap which mil not burn even in s furnace of degrees ha j been made in Kiev from basa 1 ;