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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 23, 1970, Lethbridge, Alberta -Monday, Maich 23, 1970 ItTHSRlDGI HERAVD 15 Market Declines In Light Trade TORONTO (CP> -The To- ronto stock market declined fractionally in light mid-morn- ing trading today. On index, industrials were down .12 to 181.45, golds 1.26 to 161.69 and base metals .63 to 112.62. NYeslcrn oils gained .02 to 184.47. Volume by 11 a.m. was shares compared with at the same time Friday. Losses outnumbered gains 117 to 97 with 211 issues unchanged. Nine of the 17 industrial com- ponents were higher, seven lower and unchanged. Trading in Patino was halted at the opening pending a release from the company. The slock MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal Supplied by Doherty, Roadhouse and McCuaig Bros. LAST BID OR SALE am. Q-jo'el) a.m. Cuc'es) QuVel) 475 II 9.S5 Bethlehem Copper ww up to 20 after reporting fourth- quarter earnings of 45 cents a share compared with 40 cents in the similar period last yeai1. Manoir slipped 20 cents to although the company re- ported a 19C9 profit of compared with a loss of in 19C3. BANKS DOWN MONTREAL (CD-All sec- tors of the Montreal stock mar- ket declined in light trading today. Banks led losses and the composite index slipped .54 to ITS .06. Bank of Montreal was off !.i> Almlr.rx Bar.rr Can. Scuih Ca.i Dt'.H Can Eap Gas Cdn Ind Gas Ctin C-r.l Rb Dynamic French Pell Cily Nu'r.ac Petrr.o Pelrcl Place Gas Sctrry 27. Spoor.tr 2. Triad 3. Well Decani 5. MISCELLANEOUS INDUSTRIALS Invest. Mil in M'jTual Accum. 5-19 ____ Mutual F 531 SSI WESTERN OILS Rar.k Dig Selkirk Hold Shell Inv Pld IVUVt Muiui Tnurni ill 5.73 499 Sr-ell Wll 4V) Sicks Ranier 1.50 West Cdn Sd 10.12ft Whlll and Yule n.nvi Mattel Res i.ai 7.63 2.0S 7W 1.10 1.17 CALOARY Acroll Anac Pete Barons Oil..... Kamal'a Nwln Cort Claim Pete Welt Warns r Cal I Provident Uitted Accum. 7.3? t gl 5 28 55' US .31 .23 Btlh. Bornite Rldse Block Brn. Brenmac B.C. S'-iiar Capt. Inltr........ .......J7S COTcr.atlon Credit 115 611 'A 20.00 .35 S25 13.M I.C2 !7.l2vi Livestock Calgary Livestock CALGARY (CP) On offer a !1 a.m., about 200 head; slaughter caltle ot mixed qual- ty. Trade was active. All classes of slaughter cat- tle were steady with last week's lows. Choice slaughter stwrs SL25 0 31.80, good 30.25 to 31, med- ium 29 to 30.25. Choice heifers 30 to 30.50, good 29 to medium 27.50 to 23.50. Good cows 24 to 2-1.70, medium 22.75 to 23.75, canncrs and cutters 20 closed Friday at 5HJ, up Seaway common wss up tO 7'.s and Seaway preferred dropped 45 cents to Sea- way said it will defer payment of its regular quarterly dividend on the preferred shares pending the availability of audited state- ments for the year ending Dec. 31, 1969. to Id's, the Royal '.'4 Toronto Dominion to and to 22. Ca- Ind AgraTEC Asualair.e Brit NfM Cdn Pac TRY Cygnus A Gl Cdn O'l Gl Cdn Oil Hcrr.e A Home B Hi-dscn Bay Hudson Bay Hugh (Rus Pti Husky Oil HwXY Oil war Int steel. Pipe Jelf Lalie Jculel...... Kaiser Res Kam Kolia Lake Onl Pert rV.GF Marsgt Pac Peie PIPELINE STOCKS Alia. Gas Tr. A 39.75 Creslbrocli Alia. Gas (Nat.) Ufa oovden lr.Kr4 Mai. l.m'i rjc'.l, Vard-n florlh, Ce.VraL 12.12ii DyMStf Morlh, B Gai Metro 4.ts Giant MaiMt Trans Can Pipe A 26.11'A Granule Trns Cn Pipe 2.EO 37.50 Key lirfusl Tra-a Cai Pipe A 51.50 Trar.s Can Pipe 7.50 Z'ttt Wesuoasl Trans 21.00 jerkho Western Pacific 4.75 Kamlocps MUTUAL FUNDS Lorr.ex All Cdn. Comp. 7.27 Lytlon All Cdn. Div. 8.53 ?.3J Mt. IVa'.htnglon All Cdn. Ver.lre 3.55 4.33 Amer. Glh F 5.17 id Ctcr.li Ccin. Invest. F Lev 3.M 3.E! Silver Slandard l.w Corp. inveslors S.ll T.C. Ex........70 Federated Fin. 4.i! 4.52 .75 FedsralBi Gth Vrtsiern 4.10 Grovith Eqaily 7.3] R" -jf GTOped Income 3.5] 3.E4 Weslem Explcra .31 Invtstws em 10-63 ll.tl Unca.........l.U 13 SO 1.VJ SO.-3 '.S3 S8.W 1313 33.25 11.75 5M 2.S5 2.13 3.25 .50 ll.U'A U.1211 J.JI 15.50 .M 3.J5 t.'.l ,H .13 e.to 2t3 .H .17 .1 5.72 Canadian Labor Congress Raps Tax Reform Proposals to 22.50. Replacement cattle were mostly lighter kinds selling at steady prices. Good feeder steers less than 750 pounds 24 to 25.40, more than 750 pounds 30 to 33. Good feeder heifers more than 650 pounds 29 to 30.50. Good stock heifer calves 33 to 35. Good butcher weight calves 35 to 35.10. No hogs soM early. Gram Prices Winnipeg Grain Prices WINNIPEG (CP) Trading was erratic in oilseeds with prices fluctuating both ways at mid-session of the Winnipeg Grain Exchange today. Action centred on rapeseed which opened lower, rallied several cents on exporter buy- ing, then fell oSf to two to three nadian Imperial Bank of Com- merce gained !a lu Canadian International Power advanced }'i to 30'A while Bell Canada slipped ?s to Among senior mines and oils, Falconbridge fell to 174 tt, Inco to and Imperial Oil '.i to On index, induslrials were off .53 to 183.80, utilities .43 to 133.H banks .77 to 183.60 and papers .13 lo 118.11. Combired volume on the Mon- treal and Canadian Stock Ex- changes was 313.WO shares at 11 a.m. compared with at the same time Friday. NEW YORK (AP) The stock slipped to a mild loss early this afternoon as trading volume continued to cents below previous levels. Flax was off one lo two ccnls on exporter buying in scale- down. Date, bailey and rye were practically LnEClivc with prices steady in oats and barley. Hye was fractionally easier, Volume of trade Friday in- cluded bushels of flas, of rapeseed ar.d 000 of rye. Mid-session prices Flax: May Hi lower July 2 lower 2.71 A; Oct. 1% lower 2.68; Nov. 1 lower Rapeseed: March unchanged 2.7731; May 2V4 lower 2.74A; July lower 2.62T4A; Nov. 2V4 lower 2.20A. Oats: Msy V8 higher Wi; July and Oct. not open. Barley: May unchanged 1.06S; July not open; Oct. un- changed 1.06. Rye: May Hi lower l.OKi; July lower Oct. Vs higher move at a sluggish pace. The Dow Jones average of 30 industrials at noon had fallen 1.05 to 762.61. Among Canadians, Canadian Pacific fell 2, Dome Mines IVs, Hudson Bay Mining Granny TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE O'jclesJ a.m. Quoresl a.m. Q'.-o'es) INDUSTRIALS Korlh, Cent 12-tO Fitconbridge 174.25 Ogllvie.....15 CO Frcbex 25.00 Perr.Sfna Pp 22.53 First WJritlmes Povstr Corp 9.25 Giant Y.K..... 13.00 PRice Co 1367'A Gcrtdnm 8.12'A RclhT.ans 18.15 G'.r.r.er....... 41.62V] St Lav; Cap Grande Shell CDA 27.50 Headway R.U 45.00 27.25 Simp Scars 32.2S Steel 01 Can 17.3714 A 485 Texaco 8.2S Traders Gp A 7.75 Trans Win Pn 7.00 Trans can Pp 22.62ft Union Gas 1.35 Unlw OJ] ?.7S Mfo ll.HVi Vrtsletl 27.00 Vr'CSIOd'S B J.W Woodward's A 7.75 Vftil Sd 2.10 27.62V] Zer.ith 1JO "It BANKS Irrporial 21.75 Mining and International Nickel and Alcan !i. .Mclnlyre Porcupine was up It and Gen- star Lid. On the American exchange, Scurry Rainbow Oil was off '.i. Approve Plan NEW DELHI (AP) India's National Development gave final approval here to a five-year plan. The plan has set aside as top priority a record for agriculture, irrigation and flood control to make the coun- try self-sufficient in grains. Alcan Sleel Atco Ind..... Svszr Tel Brailt Trac B.C. Tel il-j.-ns B.C. Forest B.C. Sugar CAE Ir.d..... Cdn Brew Chemcell Col Cellulose Cal Power Ccrcn Credit CIVN Cas Cch Indus! Car.ada S S CrJn Marcor.l Cdn Vickeis CPR........ Comir.co..... Ccr.s Ccns Gas Dili Sea..... Cridse Dem Texlile Dcrn stores DSTB Fam Paly Td of Arr.er Gt Cdn Oil Gen Motors Gt Lafces Pap Gulf Oil Cdd Sid Hsrc.1, Erie Hiram V.'a'K Imperial Imperial Tob Int Nickel PFpe Inv Gp A Ir.l Utilities Accept Lairrenllde Kelly Docg A Loeb Loblaw A r.'.elro A'assey rcrg Bid Ccrp rMollcn's A rv.c'son's B 21.50 15.00 52.3 4S.M 57.50 18.12V Hud. Bay MS 22.67vi Hydra Ex..... 15.00 Highland 6ell 21.50 Irrxi Bay IBM Mo Jolict Quebec as.37'A Kerr Key Anaccn Lauarfcr 4.00 Lcke 11.00 Lelkh 21.50 Larisis Silver 17.87W Maisen R.L. Maiarlic G.F. Martin McrJeel .29 T.J4 KM 9.E3 13.25 .24 4.75 7.E5 l.iO .25 Hog Prices EDMONTON (CP) Prices Monday provided by the Alber- ta bog marketing board: 31.55 to Average Nova Scotia MINES Acme Advocate Asb. Area Mines Barnst BeicfET Iron Bldck Bay 75-25 23.25 17.12W 2 25 14.00 Bethlehem THE WORKMEN'S COMPENSATION BOARD ALBERTA SAFETY NIGHT SCANDINAVIAN HALL LETHBRIDGE 229 12th Street 'C1 North MARCH 31 st p.m. A PROGRAM OF INTEREST TO ALL EMPLOYERS AND EMPLOYEES. Canada J3 caislar 62UCe.ilral Pat. Chirr.o 27.B7W Ccr.s. Rambler Cochens'jr Cidigmcnl 7.00 Mb Denisoi wrnes 6.i2Vi Deer 2SJ3 D'Erdcna 15.3? "A Dome Mires Dcnalda 37-HVi Discovery M-n East Walarlic li.SO East Sullivan Widiim Intern New calumet .12 New Irrpbiial 2.20 Koranda .54 Ncrtrrate 2.34 .65 OsisKo....... .43 pa'iso....... .10 Pine PoM 3.00 Placer Rev. .31 P.C. Exp...... 2000 Qjtbec rY-an Radlcre Rio A'gom Roman Corp. SilverliEld: Gordon Silver filler Sleep Reck. 11.67Vi Sisrte 2 03 Ccr. 37.50 Texmor.J .13'AUpner Canada .77 Western 5850 Wilghl Hsr. 2S VJlllroy 1.27 Wir.dlall 1.23 Br. 6.9S ZcnmdC 28.75 3.33 2.20 .10 1.43 1.18 !l3 .1! 144.00 .72 .35 12.7S .27 Edmonton: Quoted 31.75, selling 31.75. Friday 32.16. Red Deer: N'o sales. Aver- age Friday 31.91. Calgary: Quo'.ed, sellinj. 31.90. Average Friday 31.87. Lcthbridge: No sales. Aver- age Friday 31.90. Lloyd minster: No sales. Av- erage Friday 31.55. Total of 480 hogs sold, today. Friday Average 32. PARIS STRIKE ENDS PARIS (Reuters) .Journal- ists here agreed to accept a seven-per-cent pay increase ar.d return to work. The Journal- ists' Union had asked for a 12- per-cent raise and newspaper owners offered three per cent The agreement also set a new OTTAWA (CP) The govern- ment's white paper on changing the ir.come lax structure falls far short of "recommending what we believe should have been a drastic reform in Cana- dian says the Cana- dian Labor Congress. Tjnlike many other critics of the government's proposals, the CLC is more concerned about omissions in the white paper than any new impositions reform may bring. The chief omission cited in the annual CLC brief presented to the cabinet today concerns elimination of the 12-per-cent federal sales tax on rranufac- tured goods. "It is paid by rich and poor alike, thus negating the princi- ple of ability to pay and is con- sequently one of the mast re- gressive taxes in our tax sys- tem." CLAIM INADEQUATE The brief also says the maximum that workers may claim on income lax returns for employment expenses is inade- quate for many who must buy special clothing and replace- ments for their look. The white paper, the CLC says, would reduce by only small amounts I he taxes now paid by many low-income fami- lies. At the other end of the scale, "a taxpayer who receives a year would pay an in- crease of S35 as against an in- crease of 5177 for the taxpayer who earns "This can scarcely be called a brief assures the government that "we do cot for a moment share the views of those others who arc row engaged in a cross-country campaign to un- dermine the white paper what it has ostensibly set out la do." Stockyard Drops Hogs Operation sweeping shift toward a more progressive personal tax struc- ture." Despite its criticisms, the Buys Acres Sl.iO 450 1.75 17.75 3.33 14.00 45.25 .65 .21 1.76 .35 2300 10.62'A 2. Si JJ.J5 7.33 .IS 1.97 l.EO 1.10 .15'.] S.E5 minimum monthly salary francs {about of CKAKBROOK (Special) Western Trailer Manufactur- ers Ltd., parent company to Hayes Industrial Equipment, has confirmed its intention to purchase 3.4 acres of Cran- brook Industrial Park. Pur- chase is for use of the subsid- iary. CHICAGO SAP) Within three months the Union Stock- yards in Chicago will discon- tinue handling hogs and this city will be "hog batcher for the world" no more. In recent years the high cost of bringing the hogs to Chicago and increased efficiency in re- frigeration has driven much of the country's butchering busi- ness lo smaller cities nearer the farm sources of supply. The number of hogs arriving in Chicago has declined steadilj in the last five years. The Union Stock Yard and Transit Co gave this as the reason for dis- continuing hog butchering am pacrking. The yards will continue will cattle operations, however. Al (hough caltle receipts at the Chicago yards also have dimin- ished somewhat in recent years Chicago remains the country': largest markc-l for choice am prime fed cattle. The company's statement sait thai hog p r o d u c er s. selling agencies and buyers will be al lowed 30 lo 90 days to complcti Iheir business in the yards. The late poet Carl Sandburi gave the city (he "hog butcher' label in his 1316 Chicago Poems Chicago hogs then made up substantial part of the mea handled by the Armour and Swift meat-racking empires. Chicago took the lead in hog ulchcring and packing at the lime of the Civil War. HliST DIRECTOR OF IS'- FORMATION CANADA Jran Louis Gagnon will Be- come the first director of In- formation in Canada April J. Net Earnings By T1IF, CANADIAN PRESS Vcrsafood Services Ltd., year ended Dec. 31: 1969, 1968, SQUIRE MOBILE HOMES "CANADA'S NO. 1 CHOICE" Immediate Delivery, Low Down Payments! "WE ACCEPT AIL TRADESI" irvii-rrn D AUDI ED IETHBRIDGE UNITED RAMBLER FERNIS, B.C. NEW YORK STOCKS Supplied by Richardson Securities of Canada Arr.fr. T. B.-tJ T. 51.75 53.00 30 Golds 161.57 of! .55 Anacordi 2B.03 10 B rV.etj 112.50 ofl .75 Belh. sreel 27.37Vi Standard OIL H.J. 5S.OO IS W Oils 193.71 Chrysler...... Texas Gulf Vc'urr.e 715.MO. Comsal 3J.50 Texas Co.......1653 NEtf YORK AVERAGES Djpcnt....... 9fi.i2Vi WoolvtorUi 3S.627j 33 Indusr 61 OlF T.05 General El 63.75 73 Rails 163.33 off US Gulf 3450 U.S. Sieel 15 Ulils 113.71 cif ,07 Int, Harvester S7.M TORONTO AVERAGES 65 STocfcJ JSJ.57 off .80 Kenn, Copper 4J.OO Intbsr 181.7? .73 Velum- South African Massacre Re-Enacted In London LONDON (Haulers) The Sharpeville massacre in South Africa 10 years ago was re-en- Enjoy the Warmth and Comfort of Your Fireplace During the Chilly Spring Evenings WE CARRY A COMPLETE SELECTION FIREPLACE ACCESSORIES PRECUT AND BIRCH LOGS PRES-TO-LOGS The clean, economical, efficient fuel, box of 6 CRESTLINE BUILDERS MARKET LTD. "LETHfiRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" acted in the heart of London Saturday in a commemorative demonstration a slonc's-lhrow away from the boarded up s of the South African em- >assy. About persons gathered !n Trafalgar Square lo watch demonstrators dressed as Afri- cans and South African police portray the event in which 69 Africans were shot and killed. A cordon ot police ringed South Africa House, Die em- bassy building, across the road from the demonstration. The Sharpeville massacre took place March 21, I960, as an estimated Africans were gathered outside a police station to turn in their a peaceful demon- stration against the laws requir- ing all blacks to carry them. As the crowd waiting for a government official to address them, police suddenly opened (ire. killing 67 men, women anil children and wounding 186. Frank Hootay, n Labor party MP told the crowd, in London lhat Sharpeville was "one of the most savage and brutal massa- cres of innocent people ever perpetrated by police of nny country." Bishop Ambrose Keevcs, bishop of Johannesburg al the time of the shooting, said (hat by no slrelch of !he imagination could the men, women and chil- dren shot down bo described as agitators. I could have sworn I saw three crows, 123 30th St. N. Phone 327-5444 or 327-5110 TRUE MASCOT SALMON, Idaho (AP) -Lots I of athletic teams have live cou- gars, bears, ponies or falcons for mascols but dig that mas- cot for the Salmon high school Savages. She's Roscann George, 115, a full-blooded Shoshoni-Ban- 11 nock Indian. Miss George is a I high Kbool sophomcie. Fair enough, Because the crows could fiave sworn they two dogs. And i( you took closer, you'll probably think you see four Indians. Or is it six? No two people in our brewery agree on just how many there are of on the Lethbridgo Pilsner label. But sve're all together on one thing. How to brew the great beer behind it Alberta's original Pil. That's done the natural, old-time way. For a flavour you can always count on. AFTER THE FAMOUS FORMULA OF THE HOUSE OF UTHBRIDQE ;