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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 20, 1970, Lethbridge, Alberta Mtiieh 20. 1970 IETHBR1DGE HERALD 21 -HilKVVM'lv I [een At lull Sale QUOTATIONS Vancouver, Calgary, Montreal Supplied by Doherly, Roadhwise and McCuaig Bros. LAST BID OR SALE m. Quoits) a.m. Q'jo'eil Q.-otfi) WESTERN OILS Inl Utll Pld K.SO Federated Fin. t SI -Iftixex 4.VS Lr.l S1wl, Pipe 5 >7Vi Federated Gm 411 umit H7S JeHer-on Lake M.n Oronlh Eqi-lly ar.FI 9.W JoWel 1.31 Grouped Inccrr.e 3-W surplus Is dumcient To Justify Export Requests OTTAWA for 'aranlv demonstrated" thall nroiprt uotiM r-lnsrK- Market I In Light TORONTO (CP) Lossei ol outnumbered gains 2 to 1 as the Toronto stock market dropped moderalely in light mid-morn- ing trading today. K On index, industrials were p, down .71 to 181.76, golds .17 lo 162.96, base metals .05 to 113.72 tr and western oils .08 to 184.51. d Denison fell 2 lo and a Homan Corp. 1 to mi. The fed- 0 era! govern menl Thursday night p announced restrictions limiting aggregate foreign, ownership of uranium property. s Roman Corp. has been negoti- ating with Hudson's Bay Oil, controlled by Conlincntal Oil of a Delaware, for sale of its 251i- a per-cent interest in Denison. The government restrictions would prevent Uie sale. Hudson's Bay Oil was unchanged al 44. U Trading in shares of Seaway was halted al Ihe opening al the company's request. The stock closed Thursday at up ?j. Inc. of West Columbia, v S.C., said it plans to make a cash offer of a share for not less than or 27 per cent, of Seaway's outstanding shares. Volume by 11 a.m. was shares compared with at the same time Thursday. INDEX OFF MONTREAL (CP) The Montreal stock market drifted lower in all sectors in light trading today. The composite index was off .80 to 178.30. Denison Mines fell K to 38Vi following an announcement thai Uie federal government has put a 33-per-ccnt limit on the total foreign ownership of companies producing uranium in Canada. Among induslrial issues, Canadian Breweries slipped Is to 8% and Aquitaine to Aquitaine and Banff Oil plan to merge their operations. Banff shareholders will get 52 )rops i Trade i so Aquitaine for every 100 Banff lares held. 0-a index, industrials were off 5 to 189.12, utilities .78 to an 13.16, banks .40 to 183.96 and lot ipers .46 to Combined volume on the Mon- u and Canadian Stock Ex- of ranges was shares at 11 ol m. compared with at so le same time Thursday. RICES I.OWER er NEW VORK (AP) Prices m rifted broadly lower on the .ock market early this after- oou in slow trading. >L At noon Ihe Dow Jones aver- geof 30 industrials was off 1.85 763.13. Among Canadians, Gcnstar, id. and International Nickel a-ere off H. fj Syntcx was down 'a at 32 V, o-i t Ne American Slock Exchange. Jupiter Corp. lost ?s and curry Rainbow Oil among jnadiars. Canadian Javelin as up Vt. was packed wilh xbers and sloekmen (or the nual Spang Bull Sale. Jidders were in attendance Montana, Saskatchewan d southern Alberta. Trerc re 58 bulls of various breeds d 16 yearling Angus heifers d. rhe top selling bull of the sale is a Iwo-year-o'.d polled here--d consigned by Mark String-a of Milk River. There was a of interest in the Etriirgam try wilh Iludy Habijanac of aldate placing the final bid A total of 27 hvo-year-J and yearling hereford bulls !d for an average of The five shorthorn bulls av-aged 5CSO. Paul Maier of Lo-ond topped the shorthorn sec-xi at for his good white 11 which was purchased by m Arith of DcWjnton. The R. Mackenzie entry of Mountain ew was a close second at 40. The 16 Angus buUs sold for i average of The high lling Angus was consigned by dmund Kolesar of Aden ar.d as purchased bv Sam Odland Vauxhall for There were 10 Charolais bulls ith the two-year-olds and o'.d-- bulls averaging The harolais bull calves awl ycar-ngs averaged The lop sell-g Charolais was consigned by tike Matz of Burdett and sold r lo the Tolton Ranch of abcr. The average on 53 bulls The 16 yearling Angus he'if-rs consigned by Orville Ware-icrg of Knappen averaged Delhi 3-15 Kam Kolia (h Expcfl Gas J.60 L Oril Port Cem en Horr.esld 1075 IrxJ Gas 10.1M Ken.cor.ex dn 31-W Pacific Pete enl Del Rto 11 IS Rank Organ brier t'a Selkirk Holds hfeftui Inv Jynsmc 1.CS Shfll Inv Pld remh Pele >.W SIMII Inv Vrls ,1 pans 2i.5a SIcJis Ranier VI Cd Seed Pro Irtveslus Mil 5.72 571 ,t NMat 3.21 5 73 Mutual Glh F 5.37 5 !7 fc 7.30 rfctual 5.24 5.73 p Naural Res v-U.50 Principal Glh 4.t4 532 D 1550 Provident Mil 7.14 Rotfund 5.M 5.52 S 270) Unlled Accum. 4.71 i.U fo YAHCOUVH ris Arctic Mining .40 Atlas 1.55 le 1.4) Beih. Copptr K.OO c .11 Borr.He .17 i; .W Block Bros h .43 Brenda 13.37Vi .tS ;_ .33 Cact. Inter. u .52 Churchill .10 Corcxialion Credit 1.43 .24 Creslbrock !.2i province of Alberta told the cc itional energy board Thursday m anada has a sufficient gas sur- P us lo justify approving all five s export apphcalions IWAP be- of ils proposed 875- 1 lie, 30-inch pipeline from Em-ess, Alta., lo North Branch, ina., would be in the public in terms of employ, mer.l and investment, as well as n furnishing a stimulus for fu-ure development of Canada's rontier area." Ihe board. R. J. Gibbs made the state-ent in presenting his final in-n'enlioa at a hearing on appli-aliens to export about nine tril- -on cubic feet ol Alberta gas xirth more than i Ihe nest W to 25 years. "There is no question in our lew that the current applica-ons can be granted while still roriding adequately for Can- da's foreseeable future gds re- lu-emcnts." r Mr. Gibbs said the proposed sports will stimulate further as exploration and develop- t nent in Canada, yielding long- ange benefits lo Canadian gas roduccrs End consumers. He also stressed that the Al-lerta government is opposed to my form of wellhead price con-rol and denied that any in-rease in Alberta field prices Ktmld adversely affect Eastern Canadian gas consumers. He said Alberta believes irices contained in all export applications currently before he board are "just and reason-ible." "Canada has had failh in Ihe "fficacy of free competition as the means of developing her economy in the and this approach will serve equally well n future resource development." Mr. Gibbs said Consolidated Pipelines Ud. oJ Calgaiv Ci Oil Gout WASHINGTON (CP) The 'ashlngton Post says President ixoa's imposition of an impoil uota on Canadian oil may be catjied to force Ottawa into an vcr-all energy agreemcnl but lal, viewed on its merits, it is move in the wrong direction. In an editorial, The Post grees vilh the cabinet report oil which recommended lar-prcfercr.ce for crude oil ar.d products from general cstcrn Hemisphere sources d lhat "Canadian and Mcxi-n imports be exempt from the rogram, if common energy EC-rds can be arranged "with lose governments." 'It would be much easier to the new quola for rols energy peel v.ill continue. "Whether or not the quota will have a beneficial influence on these negotiations remains to be seen, but viewed on ils own merits this patching up of the quota system is a move in the wrong it slalc-s. "Why shouM (here be any concern about Ihe amount of oil coming in from The Fosl asks, adding that the only t-xcusc for quotas in the first place is protection of (he domestic industry so lhat an adequate supply cf oil will be available in case an emergency that would cut off imports. As Ite cabinet report pointed out, The Post stales, Canadian ami Mexican oil is nearly as secure politically and militarily "as our own.'1 The report recommended abolition of [he existing quotas ar.d adoption of a modest tariff in Iheir place. "In our view, Ihis is the direction in which the government should be moving, especially because of the enormous savings to consumers that would result from elimination of the The Post concludes. Coil 1. 57 Vi'hllepss, Yuk 7.65 W Barons Oil 'onder .74 Norm Conl curry !300 yin" poorer 2.H Lcduc Calmar Rfxda> INDUSTRIALS PIPELINE ST Alco Ir.d 13.75 Gas Tr. A Ajralec i.BO Alia. Gas Tr. 55.50 Ir.lind Hit. Gas But North, Cer.trel Cdn A F( M.M Kcrlh. Central Cdn Bre.v B PI 3i.H'A Gar Cdn Hyd Carb 13.50 Trans Can Pipe Cdn Pac Ir.y PI :S50 Tins Cr. Pipe 1. CPR Pld 637tt Trars Ca.T Cygnvs A 5.W Trar.s Ca.i Pipe CyanLS B X.7S Trans Prairie PJ Gl Cdn Gil Sard 4 K V.'eslcoast Gt Cd Oil S 6-75 94.C-) Western Pacific HomeA 17.7S MUTUAL f 1 orr.e B 17.35 Alt Cdrt. Ccmp. Hum. Pillld 2J5 All Cdn. Div. Hud Bay Co 1S.7S All Cdn. Ve.-.lre Hud Bay a.M Amer. Glh F Hud Bay Oil Pi 55 Cdn. Invest. F Hush Rus Pfd Mil Oil 11.50 Corr.msn'AealM Husky V.'ar 5.50 Ccm'Aeallh Lev nt Pro Pipe VII I it Corp. Investors TORONTO MINES Supplied by Richardson S LAST BID 0 am. Quotes) am. C INDUSTRIALS Hcrlh. Cer.t Alcan 2E.5S Po'AC-r Corp Sleel 13.CO Price Co Alco Ir.d 13.75 Rclharcns Ata n Sugar St Law Corp Bell Shell CDA Brazil Irac !S.F7'.j Simpson's B.C. Tel tl'.l Simp Sears B-jrr.s J7.1S Steel cf Can BC. Fcre'l 32.Z5 S-rUrk A B.C. Susar 17.25 CAE Ird Traders Go A Ccln 8.25 Trans Mrn pp ?.r-D Trans Can Pp Ccl Cellulose 7.25 Union Gas Ca Po-Ae-r 22.i2li Union oil CcrCT5 Credit W.lg Gas v.'eslecl Cdn 11.25 Union Car Csr.adl S S 2s.iO Wes'cn's B Cc-n -i.M A Chrysler Werr Sd Cdi Vickers 7.7S Zedlh Ele: CPR tf't-i f.Htl Ccr.s Ealh 2I.7J Cor.s Gas 1S.12'A Disl 5075 li.C-3 i' Dcmtar 15.57ij D3.T1 Textile 12.S2'A MIKE Hem Stores Acrr.e Pf.t 7'.K> Asb. Farn Play 12.03 AHilcho Fd cf Amor urn Gt Ctfn i (0 Barnat Gen rV.ctors 75.W Gl uves Pap 23.53 Bay OJ Cda Brft.orre Hav.Hr Sid 2. 25 Sr5u ari Huron, Erie Bethlehem llram V.'a'K UW Brunswick Imperial Oil 5075 Canada Tung, mpcrial Tcb usa cassiar In! nickel Ir.t Pipe 21.621'j Chi.T.o Iw GD A Congest i.-.f Ulililles Ccns. Ramt'e Ir.du-st Accept U25 Liruentide J.55 Kelly Dci-3 A ijavi 'm-.w. Slcrcs 2553 Deer Horn IHnsrt Ferg ''.l D'fcldina 3JJ71J De-re Mires Wocre Cero Daialda A 17.25 Discovery H B Fas! NEW YORI Simplied by Richardsor Amer. T. and T. 51 .tt'.i Montgomery tltt-h Sears Belh. Sleel 27.W standard Chrysler 25.75 Texas Gull Cc.wat 35.25 Co. Dupor.l Ge-eral 70.I2VT Gull Slcel Irt. Kan'CStsr 27.25 TORONTO I Kent. Copper i9.87'.b 23 Dolly Varden .n OCXS Oyrasty U 00 For! Reliance .72 i Glar.l Mascct 3.CO 9.50 Granlsle 15.00 f 1J.CO Key Lid 55 B Um Hy'l 4.45 1nt. Brew. 4.00 p 25.75 Jerltho 14 "0 37.H 14 E I Lcrr.ex 525 t] w 7.25 Lyltcn 3.W fi 14.S5 HI. .14 r 35 r 4 it am Cronln .1014 UNDS l.'ew Imp. 5.73 7.32 e a ova nag an Hellccp. i 8.60 22 L 4.33 Silver Standard 1.55 553 607T.C. Ex. 4.33 4.61 75 7.43 Western Minn 4.15 Res 22 3 5S 3 We stern Explore .33 S.lSUIica US INDUSTRIALS iccurilies o! Canada R SALE A.m. QuolH) 12.00 East Sullivan 6.54 1S.H Fakonbrldge 175W 22.05 Frotex 2S 9.25 First 1.46 Giant Y.K tin 18.25 19 1.34 J7.II-7 Grafldjc 9.63 IE 0) Headway R.U 8.00 J4.50 Hollinqer 22 Jr'i Hjd. Bay V.-S (2 50 15M Hydra Ex !1 50 Hishland Bell 4.25 low Iroa Bay 2.EO I5.S21.] lio 2.M Quebec .25 1437'i Kerr Addison 13.53 tl.'A Key Anacon 390 Latradir 28.25 11 50 Lake Shore _ :J 13'7S Leilch 2.20 27 5D Lang is Silver .11 Macassa l.iO 5H Madsen R.L. 1.20 I'ti Malartlc G.F. .50 McHeely Maybrun 21 116.00 7.'.eta .72 tH; W.idrirr. 32 In'ern Mocul 13.12'A 272J Hew Atnona .23 5 New Calurret .29 .13 Kew Imperial 2.77 2.25 liorania 35.M .J5 Nirlhcale 1S.I2'A Opemlsla 14.00 Oslsko 34 .43 Palfna 4> .10 Pir.e Pc'-t 1.1.1 Placer Dev. 47.50 .31 P.C. Ejcp ii Livestock VI Lethbridge livestock e (Supplied by Canada b Department of Agriculture) On offer to 11 a.m. 225 callle jnd calves. Receipls mosUy replacement :alves. Trade adive. All class's of slaughter cattle closed steady. Medium and good replacement steers and letters continue to rr.eet good demand at steady prices. All classes of stock steer and heifer calves were meeting a very good demand selling at strong irices. Choice s I e e r s 31 to 31.60; good 30.60 to 31; medium 29.50 lo 30.50. Choice heifers 29.50 to 29.80; good 28.75 lo 29.25; medium 27.50 lo 28.50. Good cows 24 to 24.75; medium 23 to 24. Good bulls 28 to 29. Good heavy feeder steers 850 lo 1000 Ibs. 31 to 32.30; me: dium 29.50 fo 30. Good feeder heifers 29 to 35.60. Good stock steer calves 33 lo 43. Good stock heifer calves 34.50 fo 39.25. Butcher hogs sold Thursday f.o.b. 31.30 to 31.65 base price. Sows dressed weight 27.30. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about head; mostly replacement callle and slock calves. Trade was active. All classes of slaughter cattle sold steady with closing prices Thursday. Thursday's prices: Choice slaughter steers 31.25 fo 31.90, good 30.25 to 31, medium 29 to 30.25. Choice heifers 30 to 30.50, good 29 fo 29.75, medium 27.50 lo 28.75. Good cows 24 to 24.70, medium 22.75 to 23.75, canners and cullers 20 lo 22.50. Good bulls 27.50 to 29. Most of the replacements offered were in the 550 to 750 pound range. Stock calves weighed mainly from 450 lo 550 pounds. Good feeder steers 550 to 650 pounds 35 lo 38.40, 650 to 750 pounds 34 to 37.60, more than 750 pounds 30 to 33. Good feeder heifers 550 to 650 pounds 31 to 36.70, more than 650 pounds 28.50 to 31.50. Good stock sleer calves 38 lo 42, common lo medium 33 to 37. Good stock heifer calves 35 to 39, common lo medium 30 to 34. Good butcher weight calves 34 to energy agrcemenl if the .minislralion showed any >romise of implementing the suggesled by its Ihe edilorial says. President Kixon iir.posed Ihe uota of barrels a day larch 10 as a temporary and ormal Umit on Canadian oil It is considerably above 1C barrels Canada was upposed lo be exporting lo the J.S. but about barrels ess than the actual flow. The quota, which covers the icriod to Dec. 1 and replaces a oiuntary system wliich Nixon aid did nol work, applies only o the area east of the fountains. Over-all imports o anadian oil run more than barrels a day. EXPECT CHANGES The Post says the Touse s I a I e in e n t about the uota described it as "tempo ary" and included expectation, rat negotiations for a Prices Winnipeg Grain Prices WINNIPEG (CP) Rapc-ecd dominated trading with all futures except November hree lo five cents higher at nid-scssion on the Winnipeg Grain Exchange today. Hedge offerings and producer deliveries at country elevators declined while local and commission house orders were absorbed by exporters. There was light, erratic trad-Ing in flax wilh prices moving fractionally in both directions. A weaker price pattern was developing in oats and barley on light domestic shipper trade. Ilye was fraclionally easier on 'inter market ar.d inter-month spreading, operations. Volume of trade Thursday included bushels of rape-seed, of fhx and of rye. Mid-session prices: Flax: May Yi higher July '.4 lower Ocl. Vi higher Nov. Vi lower Rapeseed: Mar. 5S higher 2.72B; May 4 higher 2.73H; July 3 higher Nov. Hi lower Oals: May lower July unchanged 733'iA; Ocl. lower 74A. Barlcv: May lower I.OMs July lower l.OG'.'sA; Ocl. lower Rye: May lower I.OS'.iA July li lower l.W'.zA; Oct. i lower l.OS'.bA. Prices for class two whoa for export lo countries oulsid IGA: 1 Nor 1.81-i; 2 4 5 1.48'i; 1 Durum I.eMi; 3 1.701i; fGA prices 1 Nor-l-BIts; 2 l.TSii; 3 4 1.511s; 5 5 l.-SKs; 1 Durum 3 l.TO'.j. Grain quotes Thursdny (hasi High Low Close ..Flax May 2775s 27411 .Tlv 273 2GK) Oct 267 To Expand TORONTO (CP) Simpsons-Scars Ltd. of Toronto announcee in ils annual report Thursday plans to build slores in Surrey, near Vancouver, and Kclowna, D.C., and lo enlarge stores in Quebec City, Thunder Bay, Onl., and Calgary. A new Toronto headquarters office building is scheduled for occupancy by 1971, and since Ihe report's preparation plans have been announced for a second store in Quebec City, Ihird slore in Winnipeg and store in Tois-Rivieres. Oue The company reports profil rose by 5.5 per cent t in 1969 from m 13B8. The company declared divi dends of 48 cents a share in 1969, compared with 40 cents share the previous Futures WINNIPEG (CP) Trading was extremely ligh in Maritime potato futures Thursday at prices 22 !o 25 points below previous closes. Open High Low Close Thurs. Apr 3.B 3.05 3.00 3.03 3.27 -May 3.45 3.45 3.30 3.35 3.55 Nov 2.40 2.45 Car Safety Check Plan Made Money EDMONTON (CP) The provincial government made profit of about during the 22 monllis Its compulsory automobile inspection program was in operation, Highways Minister Gordon Taylor said here. He tabled a financial ciate-menl in Ihe legislature showing Ihe program had revenues of before it was scrapped last month. Operating costs and fixed asscsls totalled and a total of severance pay went (o 66 men laid off when the program Ravrocl! 1.7A 1.73 Radicre J7'A 1B.OO Rio Algom 21.75 375 Roman Corp Il.i2ft 1.4J SilverfieMt 2.45 14.75 Shcrritt Gofdo.1 23.75 r .94 Sliver Wilier .10 .17 Sleep Rock 3.W MEASUREMENT TECHNICIAN DUTIES: Gen meaiuremenl and instrurr.Gnlalton operolions, maintenance and iiulallalion in ihe Fcrl Nelson Pro. cessing Plant and gathering sysietni For Nelson, B.C. QUALIFICATIONS: fully competent technician experienced in measurement, regula ion and gas quality delermina-lions required. SAARY: subsidized housing and full rangfl of employee bcnefils available. Apply in writing, stating training, experience and salary expected to: PERSONNEL MANAGER Westcoast Transmission Company Limited 1333 West Georgia SI., Vancouver 5, 1.97 Texmonl 33.50 Uoper Caradi T.55 Western 4.15 .78 Wrioht )iar. 1.E5 i9.M 1.10 .26 WM'a'l U [r.e 1.50 Yelbv.knife Br. 1.20 Jfnmac STOCKS Securities of Canada Vard 53.62'A 23 Golds dl .17 U B 113.62 elf .15 HJ. 51.671'! IS V; Oils 1SJ.49 vp .10 118 !TO Volume 455.KO. 27.12'A NEW YORK AVERAGES 33 Indus) 743.13 tit I.E5 El 20 Rails 171. M .45 15 Ulils 114.23 of! .18 WERAGES 45 Stock! 2554S ctf .47 7 oft .70 Vclume JEW-BAITING PARIS (Reuters) The French Union of Jewish St dents said Thursday a recur encc of anti-Semitism is Iwcom ing more evident in Fran every day. The union, whic says it las members, sai Barlcv May 10614 lOG'i Jlv lOGlz Oct lOJVi Bye May 109li m'.'t Jly 105U 105 105 oct 106 jos's YOUNG PARKYN McNAB CO. CHARTERED ACCOUNTANTS ond DATATRON PROCESSING SYSTEMS LTD. r WISH TO ANNOUNCE THAT THEY HAVE NOW MOVED TO THEIR NEW PREMISES at 1003 4th Avenue South (Across .from Votes Cenlre) n e PHONE 328-4426 visitors to Howaii were Marvin and Ruby Mock of Alberta, guesli of Safeway Stores, ncorporaled. Marvin, o employee of 17 yecus, Manager of the Safewcy slore at ilh and 1 3th Street Norlh, lethbridge. The Mock! enjoyed their visit as winner! In a recent Safeway sales contest and in recognition of Marvin's outstanding communify service. During their stay, Marvin attended business sessions, and he and Ruby also took the opportunity fo enjoy Hawaii's sun and beaches. At a reception soon after their orrival in Honolulu, they greeted by Safeway's executive officers, including Quentin Reynolds, President. The business sessions which Marvin attended concerned primarily the respons bilily future of food Induslry, Kick it well qualified to handle your service rcqu menli. Nick Is mairied, hoi lived m LcFrtbridge Ihe pott 21 years, atlive in the community ond prescnlty Is President of tho lellibridge and Dislricl Kennel Club. Nick would like to take this your outomolivc service re quiremenll wilh hirn al COLLEGE MERCURY Cor. 6th Ave. and St. S ;