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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 19, 1970, Lethbridge, Alberta Three-Day Market Slump Interrupted TORONTO (CP) The To- ronlo slock market advanced fractionally in light mid-morn- ing trading today. A small gain Wednesday m- terrupled a three-day slump. On index today, industrials were up .05 lo 182.64, western oils 1.13 to 186.04 tnd base met- als 113.97. Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Fair ac- tion continued in oilseeds at mid-session today of the Winni- peg Grain Exchange and prices were somewhat erratic. Rapeseed maintained frac- tional gains as export demand lapered off while flax showed declines and appeared to be un- der some commission house li- quidation pressure and some hedging. Rye showed slight buoyancy In a domestic shipper and mil- ler trade while oats and bar- ley were limited lo a light do- mestic operation. Total futures trading volume Wednesday involved bushels of rapeseed, of flax and of rye- Mid-session prices Flax: May lower 2.75WB; July 2 loner 2.73A; Oct. lower Nov. lower 2.65A. Rapeseed: Mar. higher May unchanged July Us higher Nov. 2 higher 2.I9A. Oats: May unchanged 74A; July unchanged Oct. not open. Barley: May unchanged l.OfJSsB; July unchanged 1.06V4A; Oct. unchanged 1.06 HA. Rye: May H higher l.WViA; July 14 higher 1.05V4; Oct. higher 1.06. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 UHs; 3 4 5 6 1 Durum 2 1.80-ts; 3 l.TOVi; IGA Prices: 1 Nor Ultt; 2 3 4 5 6 1 Durum 2 3 1.7014. Golds rose 2.34 to 164.75, parently'in response to strength of European bullion prices. Lon- don gold gained 9Vi cents lo S34.22W. In Toronto golds, Dome Mines gained 1 to 61 and Cainpbell Red Lake to 20. Volume by 11 a.m. was shares compared with at the same time Wednesday. Advances oulnumbered dec- lines 114 lo 105 with 203 issur-. unchanged. Canadian Tire common rose 1 to 72 and the A slock to CS'.'i. The stocks climbed 3 and 4, re- spectively Wednesday after the company said it planned a 3- for-1 split on both stocks and an increase in annual dividend. The Provincial Bank of Can- ada, at 10 bid, asked, did not trade. Finance Minister Benson approved a proposed merger agreement between the bank and La Banque Populaire, Quebec City. BANKS DOWN MONTREAL (CP) Banks declined while all other sectors of the Montreal stock market advanced in quiet trading today. The composite index moved up .07 to 179.20. Among banks, the Canadian Imperial Bank of Commerce slipped to 2U4, Bank of Nova Livestock Livestock Department of Agriculture On offer to U a.m. 100 cattle. Receipts mostly slaughter cattle of mixed quality. Trade active. All classes of butcher steers selling steady. Good and choice butcher heilers meeting a good demand selling at strong prices. The few cows on offer soW steady. Medium and good heavy replacement cattle continue to meet good demand selling at steady rates. Choice steers 31 to 31.40; good 30.50 to 31; medium 29.50 to 30.50. Choice heifers 29.50 to 29.80; good 28.75 to 29.25; medium 27.50 to 28.50. Good cows 24 to 24.75; me- dium 23 to 24. Good heavy feeder steers 31 (o 33; medium 29.50 to 30. Butcher hogs sold Thursday .o.b. Lethbridge 31.55 base price. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal Supplied by Doherty, and McCuaig Bros. 1AST BID OR SALE Qurtes) WESTERN OILS Almlr.ex 510 is.w EanFI J.OO 10.J5 Cen SovlKn Cdn Expert Gei Cdn tw.g HI Cdn S-operiar Cfr.t Del Rio Charter Chltltan Pe1e French Pele ot Plains MCI City Htw Cent N'.-mac piiroi Plnr.scle Place Gas Pontltf Ranger Jelferson LaM Jcvtel........ KaUer RM L Ot Port rV.entx Nefcccr.ex lo.tzvi Pacific Pelt .7S Ranfc Selkirk Holds 11.90 SMI1 Inv 11.00 Corp. 1.31 Fin. IE 50 Federated Gift 4.W 3 CO Growth Eerily 7.3) >.SO Grouped Incomi 3.54 .44 In.ti'ixs 10 SI 11.11 7 a Invests Ml 5il 5.70 tt.H Muli-al Accvm. 521 5.70 ______________________Thursday, 1978 THE LETHIIIIDQ! HKAID IS Public Simmering Down On Tax Reform Issues 1 37Vi Mutual Gin F S.W 1503 Incorr.a 5.22 5.71 Kalaal Res 7.41 8.10 IS iB'ISJ 5.31 55! Accum. 477 521 Calgary Livestock CALGARY (CP) On offer to 11 a.m. about 925 head; mostly slaughter cattle of mix- ed quality. Trade was moder- ate. I.E2 1.13 us .73 T.W Shell Inv Wls Cdn Sted Pro Whtepss, Yukon CALCAIIY Acrd Anacondl Oil 13.1M Provident Mil 3 20 Royfund ll.M'AUi Korth Cent Plains west Lria Micison Qulnalta PIPELINE STOCKS Alta. Gas Tr A Cdn. W.N. Gas 14.75 VANCOUVER IS Arctic Mlnlnj .3? 11 M Belli Copper '43 Bornile Rld9 should have no difficulty in re- framing both its tax concepts and specific proposals to satisfy those valid criticisms directe at the plan by a substantia number of responsible Canad ians. If it does, then the value of It first major foray into partici palory democracy will hav been established, if it does not louse ot Commons Committee, ince both are studying the ame subject. But for the Government uid leople of Canada the most im- lortant issue In the tax reform lebate, other than the final ax program itself, Is the fate o! the entire program of AYhi'e Papers. Tho Trudeau Government has iroken new ground in making the democratic process more meaningful. Indeed, the Primo Minisler carried the country AVO years ago largely because tie projected the image of a leader wko would involve more people in the dialogue between governors and the governed. The AVhite Paper program Is the implementation of that pro- mise. Traditionally, government policy is formulated by the Cab'then explained and approv- ed by the governing party's cau cus, following which there ma> a.m. INDUSTRIALS licrth. Cent Alsoma Sieel B.C. Tel B.C. Cfcemcell Ccl Celltlsse Cal Corcn Crtdit CWM GAS Cdn indL-it Canada S S Cd-i Marccnt Chiysler CPR Ccr.s Gas Diit Sea Domlar Dem Tcxlile Price Co 13.50 Rothmans 8.25 5t Law Ccrp Shell CDA 1S.12V1 Simpson's WM Simp Sears 2625 ct 32.25 Selkirk A ]7.25 Texaco 4.75 Traders Gp A Trans tf-'n Pp 815 Trans Can Pp 7.75 Union Gas Oil 1.50 Versatile W.fq v.75 v.'esleel..... 11.50 Union Car 35 !0 WeslaVs B 495 WKxUaid's A Cdn Sd M-SO Zenith Elec 1212W Past rV.alarfic 15 53 East Svlllvan 32.M Falrcr.hldse 950 Frotex Woo First Giant Y.K..... Gsrtdrym 17J111 Granduc 7j ti Headway R.L. jj'is Hjd. Bay M-S isoo Hydra EK..... jl'53 Highland Bell io'.uji Jolle't" OKbec 1475 Kerr "dd'5cn Kev Ar.acon Labrador Lake Shcre Lcitch Lar.qls Silver 1 Madsen R.L. G.F. .27 l.H 415 10'.25 .OT L21S .11 425 2S.50 3 50 2.10 il will weaken UK credibilily o its concept of Government. Much more than tax reform is involved. Considerable alien lion is focused on both Ihe Sen- ate and House of Commons Fin- ance Commitlees. If they are used as Government rubber stamps hi approving the AVhite Paper, the Parliamentary Committee system will be in- jured. If the Committees perform Iheir duties in a non-partisan manner, but are ignored, then the Government could be ac- cused of insincerity in its demo- cratic posture. Ttje of the Senate Committee Report may have an important bear- ing on the future structure of that institution. This will be one of the few situations in which the value of its work is com- pared with the trork of a cial and good 27.00 In 30.50; vealers good and choice 38.00 lo 49.00; feeder steers calves scarce lew 300 lo 500 Ib 34.25 to 41.00, very few above 37.00; occasional good 29.00 to 31.25; steers small lots choice 507 to C07 Ib 35.25 lo 27.00; heifers good and choice 700 lo 800 Ib 27.00 to 29.75; heifer calves choice SCO to 413 Ib 31.70 to 34.50. 15.121 51.50 14.09 1603 12.50 14.00 7500 12.CO K.sytiun 21.50 Madnlyre 16.37'A Royal Tcr-Dom MINES ALL CLASSES INSURANCE AUTO HOME BUSINESS FARM 3rd Ave. S. FORSTEK AGENCY Phone 327-2793 Mrs, Kozler Heads Group Of Oldtimers NATAL, B.C. (IKS) A good turnout was on hand re- cently at the Village Hall here for a meeting lo inform tho public about senior citizens housing in Eparwood. The project consists of 40 units, 20 for single occupancy ar.d 20 units for married cou- ples. Because Ihcse units have to be self-supporting, rents arc per month for single occu- pancy and per month for married couples. Officers of the Senior Citizens Society are Mrs. Charlie Koz ler, president; Mrs. Jack Fon tana, secretary; and Mrs Adoiph Putsch, treasurer. Members of the building com mitlce are Bruno Bcrilacqua chairman; Joe Altomare and Earle Tabor. Fd cl Amer Gt Cdn Oil Gen Meters Gt Laves Pap Guif Oil Cda HauXer Sid Huros, Erie Hiram Imperisl Oil Imperial Tob Int Nickel Int Pipe..... Ir.v Gp A..... Ir.t UliSliES Irdust Accept Laurenlide Kelly Doug A Lceb........ Lob! aw A Ferg Bice rV.ocre Ccip 4.50 J3.S) 17.00 2.35 16 W 4! 25 21 .CO 11.55 Acrr.t........ Advocate Asb. Atcaitcria Area Mines Barnal Belcher fron BlacX Bay Bralcrr.e..... BeShlehe.-n Bri-nswlcfc Canada Tung. K.IT.', casilar...... 21.6M Cenlral Pat. 6.12'.-! Chlr.o....... Coavvest KlSVaccns. Rambler Coin LaK8 7.00 CochenOLT 5.62'A Craigxonl 6.75 DicfccnEon M'ne 25.50 Deniscn Mines 15.75 Deer Horn 32.6M D'ElcV.a..... Don-.e 17.50 17.25 Discovery Mlr.s Alhona Nev.' Cah-rret N'ew Irrpcrial .13 Ncranda..... 153 Norlrsale .54 Opemiska .2111 174.25 .72 3i 13.12'A J.iO .65 .43 .11 315 .31 2000 6.55 1.7? 18.25 325 1.43 14.25 !uv .62 1.97 43.M .10 .18 5V.53 .23 1.30 patino....... Plr.e Point Placer Dev. P.C. Exp..... Man Rayrock Radlore....... Rio Alccm Rorran Corp. Silverfielis Sherrllt Gordon Silver Sleep Reck Siscoe Tek Corp..... Texmonf Upper Canada Western Mnes Wright Har. Willrcy Windfall..... Yel'owknlfe Er. .23 .17 2.75 35.75 14 tm 14.0-3 .34 JB.OO 31.50 47.2! .50 .21 174.00 .37 77.371S 12 B'Vi 2.55 3.9D 2.90 7X5 .70 900 4.20 1.6! 1.19 .16 6.15 .lili NEW YORK STOCKS Supplied by Richardson Securities of Canada NOW YOU CAN RENT A TRUCK TONS UP TO G.C.W. FOR EVERY JOS AVIS RENT A TRUCK DAY WEEKLY MONTHLY RATES BENY AUTOMOTIVE ENTERPRISES LTD. BORIS KORESHENKOV Kop. Avii Truck Rental I AVE. and 8th SIREtt S. PHONE 327-0665 Amtr. 7. and T. SI.3J14 iJ.M 10 B Mtts 1U.1S lip .It A-arorda 73.37W IS W Oils 185.67 up .16 5? (jvi Slandard oil N.J. llTS YORK AVERAGES US. 3i.61'A 30 Indusl up TORONTO AVERAGES 8 M indjsl ip 11 6i 5S7.36 t'p .36 lii.52 l-p 3.11 Vcloms I. Muysler...... Comsat Dupont General j-jlf....... Int. Harvester Kenn. Copper Pork Prices Won't Drop TORONTO (CP) production of hogs by Prairie farmers unable to sell their wheat won't mean pork prices will drop, a Canada Packers Ltd. official said Wednesday. C. J. Ryan, general provisions manager for the comply, lold 250 members of the Ontario Hog Producers at their annual meet- ing there will be some surplus pork by the fall, hut price cut- ting mil not be a satisfactory solution. Lower prices result In In creased buying of pork, he said But if prices go too low, farm ers Mill cut back production am rising prices will then lead to less consumption. The surplus should be used lo create a larger permanent mar- ket for pork, he said, either in Canada or for export. be a general reference to it in a throne Speech. The specific plan and method of carrying it out only becomes known to thn public when a bill is presented to the House of Commons. The public has lillle at no part in the debate and by the time a bill is introduced, the Government is committed to Ihe program. It rarely wilh- draws or accepts major alter- ations because it fears the pol- itical consequence resulting from may he called a loss of face. Mr. Trudeaii has wisely de- cided this approach is obsolete and lias promised, and in fact begun, a program whereby the Government will periodically publish policy statements, far in advance of legislation. These are the Papers, long a tradition in the British parlia- ment but infrequently used in Canada. The present Government has declared that these Wlute Pap- ers contain not draft legisla- tion, nor unalterable policy com- mitments, but rather, genefal statements of the Government's Kinking en a particular sub- ect. Their purpose is to stimu- ale broad public discussion all concerned, regardless tt pol- tical stripe and without refer- ence to the quality of the tax irogram proposed In the cur- White Paper, to make cer- a in that notwithstanding what changes are required to make he lax reform the iVhite Paper method is not des- royed in the process. The Government has not mads it essy. It must take the blame [or the dilemma in which it finds itself, for it has not hand- led itself well in convincing Can- adians that they will actually bs the decision-makers. Only a few days ago, even former Cab- inet Minister Paul Hellyer im- plied lhat nothing can change Ihe Government's mind. U that were true tho White Paper pro- cess as practised by this Gov- ernment couldn't be" taken ser- iously. However, the next day, Herb Gray, minister without port- folio, speaking in Winnipeg again assured an audience of lawyers and accountants that the Government isn't unalter- ably committed to the plan and lhat it would act on a national consensus as Ihe White Paper concept suggests. One nrn'l believe the Govern- ment is serious and act on that assumption in lelting Ottawa know his views on tax reform. If no one has faith in the White Paper process of Govcm- menl, it will obviously fail. If only Government docs and a cynical public docs not, then, too, it mil fail. It also follows lhat if the public believes in it but Ibe Government real ly doesn't, then it will be tlie Gov- ernment that will have been discredited wilh all that flows from that result. In all, there is much more than just the tas system involv- ed in how both Ihe Governmenl ar.d the public conduct them- selves on this and all other Yhile Papers. Editor's Note: Mr. Asper Is a Winnipeg lawyer and spec- ial columnist for The Herald on taxation and government finance. amongst interested groups so hat the Government can be clearly directed by the people t serves. If Ihe program is successful, Government of Canada will be very much improved. Laws will not he imposed upon a do- cile or frustrated public, (hey will be designed and shaped b; College Mercury Appointment Barons Oil Starts Test Barons Oil Ltd., a Lclh- iridge based independent oil company, has announced it is o start drilling immediately Enraged Moslem! Protest Insults JAKARTA (Reuters) Abov ,000 Moslems, enraged over ar alleged insult against the Prophet Mohammed, rampaged through the predominantly Christian town of Menado, in In- donesia's northern Cclelies is- lards, wrecking Chinese homes, shops and temples and a Roman Catholic Church Wednesday. If took police several hours to bring the mainly-young Moslem mob under control. Fishing ;Liceiice Fees Boosted WINNIPEG (CP) Manito- ba fishing licence fees are going up this year. The resources department announced today that the resi- dents' licence will be increased to from the present with non-residents paying up from The non-residenl Ihi'ee-day licence valid in southern Manitoba will be in- creased to from The department also an jounced that, with some excep- tions, (he use of live bait fisl ,ill he allowed in Manitoba vaters this year. Use of live >ait Jish was prohibited in the early 1950s to prevent the spread of carp. YOUNG PARKYN McNABB CO. CHARTERED ACCOUNTANTS and DATATRON PROCESSING SYSTEMS LTD. WISH TO ANNOUNCE THAT THEY HAVE NOW MOVED TO THEIR NEW PREMISES at 1003 4th Avenue South {Across from the Yalei Centre) PHONE 328-4426 XT. The ven miles northeast of Ta- well, Barons Taber .._..j 15-1 (located in LSD 15- is P.i miles southeast of a flowing oil well in the arsa. Caclus Drilling is on lo- cation and expects lo have the test completed by Monday. The stcpout well is a wholly' owned venture on a lease block held by Barons. Beef Futures WINNIPEG Winni- peg live beef futures market was fairly active Wednesday with dealer and commission louse trades executed at un- changed to 20 points lower than previous closes. Open High Low Close Tucs. Mar 33.10 33.25 33.10 33.23 33.10 May 31.90 Jly Scp 31.30 30.70 31.90 ,UOO 31.30 31.50 30.70 30.70 Hog Prices EDMONTON (CP) Hog prices Thursday provided by Ihe Alberta hog producers' marketing board: Edmonton: Quoted 31.60 to 31.55. Average W e d n e sday 31.91. Red Deer; Quoted 31.55. Av- erage Wednesday 32.13. Calgary: Quoted 31.CO. Aver- age Wednesday 32.17. Lethbridge: Quoted 31.55. Av- erage Wednesday 31.55. Potato Futures WINNIPEG (CP) The Mar- itime futures market was inactive in steady prices Wed- nesday. Close DOFASCO APPOINTMENT April May Nov 3.27 3.27 3.70 2.45 2.45 DIVIDENDS By THE CANADIAN PRESS Solieys Stores Ltd., class A common 9 cents, April 15, rec- ord March 31. F. H. THEAK5TON I R. R. Craig, Executivs Vice President, Dominion Foundries and Sleel, limited, Kamillon, On- tario, is pleased to announce that Professor Fiank H. Iheok- P. Eng., School of Agricul- tural Engineering, University of Guelpn, is spending his 1970 sabbatical year wilh Dofasco. Professor TheaVslon will de- voto full-lime lo Ihe development and promotion ol modern form structures and systems, and will be responsible for lecHnical liai- son wjlh Dofasco customers making products for iho farm market. MR. NICK AWAU Mr. Gordon G. Paleison, president of College Mercury Sales is pleased to an- nounce inc appointment of Mr. Nick Alvau cs Servics Represenfallve. Wilh over len years experience NFrk is well auolificd to handle your service requlre- rr.enls. Nick Is married, has liveJ in lelhbridga the pail 21 years, in the com- munity and prCicnlly Es President of (he Leihbridge and District Kennel Club. Nick would to take (hij oppor- tunity ta invite you to d'scusj your automorive servfca re- quirements wilh him at COLLEGE MERCURY Cor. 61 h Ave. and 6th St. S, Phone 327-5763 Execution Off Until Jime WINDSOR, Ont. (CP) The execution dale for William Roy Rosik lias been postponed until June 23 by Mr. Justice Donald A. Keith of the Ontario Su- preme Court. Rosik, 22 was convicted re- cently of the capital murder of Sandwich West Conslable Rob- ert Carrick, Mr, Justice Keith had origi nally endorsed April 21 for Ihe execution, but the sentence will he appealed. The case is not ex- pected lo be heard until the fall, and another poslponc- menl of the execution date would be necessitated for ap- peal procedures to be com- pleted. Buxton Realty Merges With Medallion Mortgage The> merger of Ihe Edmonton reol eslols firm Rujdon Realty Lid. wilh Calgary-based MerJollion Morlgags Corp. ltd. woi announced today. According to Medallion president Warren Slroeder, Roy Buxlon will tonlinuo o> preildenl of Buxlon Realty, and has agreed to Jtond for eleclion to the Medallion board ol dt- Mr. Buxlon l> a post president of Ins Edmonton Real Eslale Board and Alberto Reol EUale Assotiolion. He hal also served as a regional vice-president of the Canadian Association of Reol Estate Boards. Since the effective dafo of the merger, March I, a lecond office has been selecled in Edmonlon, and several more arc under consideration. The Buxton sales stall hal recently boen fncreosed in anticipalion of o substantial ex- pansion program. Included in Medallion's holdings is Melro Realty, a moior Colgory real eitolj broker, and further realty company acquisitions are planned In the near Medallion 11 negotioling the acquisition of ths regional rights to an International real estate merchandising and re- ferral system, GAS MEASUREMENT TECHNICIAN DUTIES: meosurement and Inslrun-.enlation cperalioni, rrafnfenancft and insiallalion in the Fort Nelson Pro- ceiling Plonf and gather tag syiJeim ot for Nelson, B.C. QUALIFICATIONS: Fully compelcnt iechmcion experier.ced Tn measurement, regulation and gos quality determina- tion) required. SAARY: Commenjurafo subsidized housing and full rangl of employee benefits availabfe. Apply in writing, itoting training, experienct and salary expected to: PERSONNEL MANAGER Westcoast Transmission Company Limited t333 West Georgia 51., Vancouver 5, B.C. ;