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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 1, 1970, Lethbridge, Alberta -Friday, May 1, 1970 THE IETHBRIDGE HERALD 21 Stock Market Drops Sharply TORONTO (CP) The To- ronto stock market was down sharply in light mid-morning trading today. Prices fell in response to a large drop at the New York stock market. Wall Street en- tered a sharp decline this morn- ing after President Nixon said the United States had launched an attack Thursday inside Cam- bodia. The Dow-Jones industrial index plunged 5.34 points to 730.73 by a.m. Analysts sold before trading began this morning on Wall Street that President Nixon's announcement could cause the market to move either up or down. The market closed at a slight loss Thursday, however. The Toronto stock market had its largest gain of the year Thursday. Observers attributed market strength to tiie decisive Liberal victory in Quebec. On index at oTronto today, in- dustrials were down .96 to 170.12, base metals .30 to 104.84 and western oils 1.25 to 150.86. Golds were UD .23 to V o 1 u m e by 11 a.m. was shares compared with at the same time Thurs- day. Losses outnumbered gains 153 to 53 with 150 issues unchanged. Consumers Gas was down to The company said it would persist in its offer to pur- chase all shares of Union Gas of Chatham despite Union man- agement's declared opposition to the proposal. Union was down Vt to 13. PRICES SLIP MONTREAL (CP) Wednes- day's victory by the Liberal party in the Quebec election was not enough to sustain the Montreal- stock market today as it slipped lower in the face of pressure from Wall Street. Issues of Quebec-based com- panies were mostly lower al- though they- clung to some of Thursday's gains. Bombardier, the Quebec- based snowmobile company which gained IVi Thursday, was off to 16. CPR dipped to Alcan Vt to Chemcel! to 7 and Domtar to Consolidated-Bathurst a d v- anced to 19% while Power Corp was steady at The holding company has extended its offer to acquire all the com- mon shares of Consolidated- Bathurst to May 15, 1970. The offer was originally due to ex- pire April .28. Among senior mines and oils, Aquitaine slipped 54 to Rio Algom to 16% and Imperial Oil to On index, industrials were off 1.03 to 175.70, utilities .68 to 127.52, banks 1.75 to 172.84, the composite 1.04 to 166.60 and pa- pers .61 to 110.39. DJA OFF NEW YORK (AP) The stock market began showing signs of firming early this after noon after a sharp downward move in the morning. At noon the Dow Jones aver age of 30 industrials was off 4.02 at 732.05, after having been down more than 6 earlier. Among Canadian stocks Ca- nadian Pacific fell IVt. Dome Mines leaped 1% am Granby Mining rose Vi. Distill ers Seagrams added on V2. On the American Stock Ex change, Jupiter Corp was up Vz. Canadian Javelin lost 'A. Potato Prices WINNIPEG (CP) Trading was light with some liquidation in the May future at the Mari- time potato futures Thursday. Prices were unchanged to five cents below previous levels. Open High Low Close Wed. May 3.75-70 3.75 3.70 3.70 3.75 Nov 2.35 2.35 Mar 2.48 2.48 Beef Futures WINNIPEG few con- tracts were executed at prices 10 points above previous levels but trading was light at the Winnipeg live beef futures mar- ket Thursday. Open High Low Close Wed, May 32.05 32.10 32.05'32.05 32.00 Jly 30.50 30.50 Sep 29.25 29.25 29.25 Nov 29.25 29.25 Hog Prices EDMONTON (CP) Prices today provided by the Alberta Hog Producers Mark e ting Board: Edmonton: Quoted 31.00 to 31.10, selling 31.10. Average Thursday 30.30. Red Deer: Quoted 30.00, sell- ing 30.00. Average Thursday 30.42. Calgary: Unsold at 30.50. Av> erage Thursday 30.95. Lethbridge: No market. Av- erage Thursday 30.36. Total hogs'sold to 11 a.m. 178. Sows selling 23.10. Total hogs sold Thursday average ANNOUNCING SUMMER HOURS COMMENCING MAY 4th Monday to Friday a.m. to p.m. CLOSED ALL DAY SATURDAY RELIANCE AGENCIES 822 3rd Ave. S. Phone 327-1116 Mr. Sullied or Mr. Humbroff always available tor emergency, requirements MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Itoadhbusc and McCuaig) LAST BID OK SALE Quotes) a.m. Quotes) i Quotes) WESTERN OILS Husky Oil War. Alinlnex 4.20 In Pro Pipe Wts Asmera 12.37W mt Ulll Pfd 8.25 Inr Steel Pipe 3.50 3.70 i.25 6.50 Can South Cdn Delhi Cdn Ex Gas Cdn Grigol Cdn Homcstd Cdn Ind Gas Oil Cdn Long Is Cdn Super Cen Do! Chleftan Dynamic Pete French Pele Gt Plains Mill Cily New Cent Norih Cdn Oil Numac Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Triad' 3.4D West Decalta 4.40 MISCELLANEOUS INDUSTRIALS Atco Ind 9.M Agratec UO Aquaatfne 17.50 Brit Wild 4.4Q Cdn Brew A Pfd 30.75 Cdn Hydro Car 10.75 Jefferson Joutel Kaiser Res Kam Kotla L Ont Port Cem Mentor .80 Newcone pacific Pete Org Shell tnv Shell tnv Pfd Shell lav Wts Sicks Ranler Wcrt Cdn Seed Wnltepass Yvk CALGARY Acroll Ana Pete Barons Oil North Cont Plains Pete West Warner Leduc Calmar Madison BXrta'o .16 PIPELINE STOCKS 35.50 7.SO' 1.55 6.00 2100 1.70 1.20 5.90 6.70 .86 1.11 .83 1.38 .53 5.90 3.20 Dreytus F U.S. 10.31 11.3 8.10 Growth Equity 5.98 6.5 29.75 Grouped Income 3.09 3.3 Investors Glh 10.06 ll.i 1050 Invest. Mtl 4.59 5.3 IOS Venture 3.19 3.4 Mutual Accum. 4.62 S.i Mutual Gth F 4.IB A.ir invited guests ay Banquet facilities i "INTERNATIONAL SET" SPRINC CLEAN-UP 50 FOOT BEAUTY IAWN CLEAR PLASTIC GARDEN HOSE ONLY 1 TONKA FERTILIZER SPREADER Heavy gauge fteel body Application chart Reg. 9.95 SPECIAL........ FERTILIZER AND UNIVAL 20" GAS POWERED LAWN MOWER 3 h.p, Briggs and Stratton 4 cycle motor Heavy 14 gauge deck Instant lock adjustable wheels High carbon steel blade perfectly balanc- ed for safe quiet operation t) Rust prewf chrome handles Heavy duty double disc wheels 1 full year warranty (parts and labor) COMPLETE WITH GRASS CATCHEX OTHER MODELS STARTING AT 69.95 (GAS AND ELECTRIC) ALL POPULAR BRANDS PEAT MOSS FOR LAWN and GARDEN our low price before you buy Cprr Use of with purchase of fertilizer ROTORAKE BARS This Ingenious Roto-Rake Bar loosens and lifts dead grass to the surface of your lawn in minutes without effort. Adapts tp practically all rotary lawn mowers. "A Tough Job Made Easy" ONLY BEST SELECTION OF STEELE BRIGGS GARDEN SEEDS HARDWARE 414 13th STREET. NORTH PHONE 328-4531 INVESTMENT OPPORTUNITY BY HIRING AND TRAINING A FEMALE OR MALE STUDENT THIS SUM- MER YOU ARE INVESTING IN TODAY'S YOUTH FOR A BETTER TOMORROW! WHY NOT CASH IN? CALL 327-8535 THE CANADA MANPOWER CENTRE ;