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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 11, 1970, Lethbridge, Alberta Monday, May II, 1970 THS HERALD 15. Market Declines In Light Trade The To- ronto stock market, which flut- tered upward at opening, was down fractionally in light mid- morning trading today. On index, industrials dropped .15 to 167.24 and base metals .38 to 101.58. Golds were unchanged at 163.36 and western oils adv- anced .33 to 147.90. Volume by 11 a.m. was shares, down from at the same time Friday. Losses edged out gains 99 to 72 with 148 issues unchanged. All Montex shares have been suspended from trading pending clarification of the company's financial position. The suspension was ordered Grain Prices Winnipeg Grain WINNIPEG (CP) Light trading continued to the close of the Winnipeg Grain Ex- change today with most com- modities except rye on easier price patterns. There were indications of some overseas business being transacted in rye and all fu- tures were fractionally higher. Flax was steady throughout the d a y and rapeseed was frac- tionally lower with some ex- porter buying. Oats and barley were steady with prices remaining near the previous close. Friday's volume of trade in- cluded bushels of flax, of rapeseed and of rye. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 4 5 1 Durum 3 IGA prices: 1 Nor 2 3 4 5 6 1 Du- rum 2 3 High Low Close Flax may 274% 273% Jly 276% 275 283% 244% 238% Oct Nov Rapeseed May 279% Jiy Nov Jan Oats May Jiy Oct Dec Barley May Jly 108 Oct Dec Rye May 102% Jiy Oct 274 276% 275% 265% Dec 105% I 278 281% 237% 107% 102% 105% 108ys 278 282! 243% 74% 75 76 75 107% 108 108% 108% 102% "105% 108% 109% Consumer Branch Bill Proclaimed EDMONTON (CP) The Alberta cabinet has established a consumer, affairs branch, de- signed to protect residents against unscrupulous business practices. An order-in-council by the cabinet put into effect con- sumer bureau legislation orig- inally presented at the 1969 session of the legislature but not proclaimed into law. The legislation was amended at the 1970 session, giving the provincial treasurer more pow- er over the branch and less to the bureau director. Personnel and date when it will begin operation were not announced. FOR SALE Corner' lot 100x125 ft. with 40x80 ft. cinder block building plus office space. Excellent location for com. mercial business, with ample off street parking and stor- age area. All utilities in. For quick sale cash required. In city ef tethbridge, Alls. Write or Phone M. P. STRONG, 1193 Scenic Drive Lelhbridge, Alta. Phone 327-460) Friday afternoon. Canadian General Electric, a 21% bid, 26 asked, did not trade The company said it woul close its home entertainmen products plant in Toronto fo two weeks starting May 25. A spokesman said a decline ii consumer demand for thes products has prompted the tern porary closure. H. L. Crain, which said firsl quarter net earnings were 1 cents a share, down from 2t cents in the similar period last year, was ur.tradcd at bid, IffA asked. INDEX OFF MONTREAL (CP) Withou support from Wall Street, th Montreal stocks market drifte lower in light early tradin today. The composite index wa off .22 to 163.45 at 11 a.m. IOS Ltd. was down 35 cents t 4.40 on volume of 600 shares The firm's directors are con tinuing discussion. with severa financial groups which have pressed an interest in takmi over JOS. Highlighting industrial dec lines, Versafood slipped 85s, Seagrams to Roya Trust to 2614 and Du Pont V to Senior mines and oils wer mixed. Dome Petroleum gaine to 49% and Imperial Oil' 18. Denison was off to Hollinger Va to 30, Noranda ti 32 and Aquitaine Va to On index, industrials were of .22 to 171.49, utilities .02 127.78, banks .55 to 170.52 an papers .54 to 106.36. DRIFTS LOWER NEW YORK (AP) Th stock market continued to drii lower today in some of the slow est selling since the summe doldrums of 1967. At noon, the Dow Jones aver age of 30 industrials was off 2.5 at 715.22. Declines led advance by almost 2 to 1. Among Canadians on the NYSE, Mclntyre Porcupine Canadian Pacific were off 114 and Distillers Seagrams were down Granby Mining was up LIVESTOCK Calgary livestock CALGARY (CP) On offer to 11 a.m.: about 150 head mostly slaughter steers and cows. Trade was moderately ac live. Slaughter cattle sold steady with last week's close, quality and condition considered. Good to low-choice steers 3C to 31.10, medium 28.75 to 29.75 medium to good heifers 27 to 29 good cows 21.50 to 22.50; me- dium 20 to 21.25, earners and cutters 17 to 19.50; good bull; 26.50 to 28.25. Eeplacement cattle were in short supply, being practical ly all steers selling at stead} prices. Good feeder steers 30.50 to 33.30 depending on weight There were no stock or slaugh ter calves on offer. Hogs f.o.b. Calgary to 11 a.m. base price 30.35 to30.85, cur rently 30.35. Macleod Livestock FORT MACLEOD On offer cattle and calves. Market to 3.00 easier on stacker weights. Pressure on slaughter classes with a differ ence of .75 to on fed steers and heifers. These differences on last Tuesday's sale. Choice fed steers 30.70 to 31.70 with one load 1290 Ib steers at 30.50 and one package 1300 Ib holsteins at. 29.00. Light offering fed heiferi :ood to low choice 28.60 to 29.60. Good cows 22.50 to 23.70 with odd sales over 24.00. Good bulls 26.75 to 27.60, plain to medium 18.00 to 25.90. Short keep feeder steers 29.50 ;o 31.50; liter feeders to 33.00. Fleshy stacker weight steers 34.00 to 36.50 with thinner light weights 37.25 to 39.00 with odd sales to 40.10. Good feeder heifers, heavy weights 28.50 to 29.75 with the bulk of the fleshy 550 to 650 Ibs 32.00 to 34.00 and sales on light- er kinds, quality and conditions prevailing trading at 35.00 to a .op of 36.10. Light green kinds ;rade from 35.00 to 38.00 depend- ing on weight with thin green ,50 Ib heifers at the highest range. DEALER WANTED FOR THE APOLLO LINE OF COLLAPSIBLE CAMPERS AND OTHER RECREATIONAL PRODUCTS Prestige line, Protected Areoi Send Enquiriei to: President, Apollo Manufacturing Industries ltd. Box 5995, Stn. Edmonton Phone 466-1213 CN TURBOTRAIN-Cold weather tests have now been completed on the much delayed Canadian National Turbotrain. Originally scheduled to run during Expo 67, the train ran into a series of delays including frozen valves in the suspension system that enables it to take curves at high speed. The Turbotrain was photographed in Tpronto before scooting back to Montreal after a test run. CN plans a daily Montreal-Toronto run soon. TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) AbitibI Alcan..... Agoma Steel Atco Ind Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcel! Col cellulose Cat Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Cnd Vickers Chrysler CPR..... Comlnco Cons Balh Cons Gas Dist Sea Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Fam Play Fd of Amer a.m. Quotes) North, Cenf 24.50 Ogilvie 13.3716 Pernbina Pp 10.00 Power Corp 7.00 Price Co..... 4l.e7Vfe Rolhmans Shell CDA..... 59.25 Simpson's 26.50 Simp sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas..... Union Oil Versatila Mfg Westeel Union Car Weston's B 7.55 Woodward's A 24.00 West Cdn Sd 58.25 Zenith Elec BANKS 17.50 Can Imperial 14.75 Montreal..... Nova Scotia 13.62VJ Royal....... 15.12% Tor-Dom 10.55 MINES 12.50 Acme......... 48.QQ Advocate Asb. Akaitcho 45.00 Area Mints lfi.50 4.50 7.75 6.50 6.00 20.50 1.25 10.50 9.75 23.25 11.50 18.00 19.50 7.50 11.75 15.50 22.75 15.75 23.00 23.00 9.00 21.50 9.75 14.75 27.00 13.50 a.m. Quotes) Falconbrldae 155.00 Frobex.......26 First 1.37 Giant Y.K..... 8.00 Gortdrum 3.35 Gunnar 1.00 Granduc 8.30 Headway R.L. 9.00 Hollinger.....30.00 Hud. Bay M-S 26.42 Hydra Ex. Highland Bell Iso 3.00 11.00 13.00 JolTet Quebec Kcrr Addison Key Anacon Labrador Lake Shore Leitci....... Langis Silver 20.62W Macassa..... 16.50 Madsen R.L. 2.30 Malartic G.F. 1.80 Martin McNeely Maybrun 20.25 Maclntyre 15.12VS.Meta........... 18.75. Midrlm 21.00 intern Mogul 19.75, New Athona New Calumet -10'A New Imperial 2.20 Noranda .43 Northgate 2.30 Opemiska Gt Cdn Oil 3.50 Belcher Iron .41 Osisko Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Eria Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Lauren tide Kelly Doug A Loeb....... Loblaw A Metro Stores Massey Ferg McMillan Blofl Moore Corp Molson's.A Molson's B 72.25 21.25 15.75 2.15 16.25 44.00 Black Bay Bralorne Broulan..... Bethlehem Brunswick Canada Tung, 15.00 Central Pat. -44.25 Chimo....... Conwest 6.75 Cons. Rambler 26.00 Coin Lake Cochenour 4.10 Craigmont Dickenson Mine Denison Mines Deer Horn D'Eldona Dome Mines 5.00 2.15 .26 15.75 6.25 2.10 19.00 2.70 1.48 6.50 -1.55 6.50 18.00 13.50 29.12% Donalds 33.50 Discovery Mines 15.50 East Maiartle East Sullivan Patir Pine Point Placer Dev. P. C. Exp..... Quebec 'Man Rayrock Radiore Roman Corp. 10.12% Silverfields .99. Sherrltt Gordon .15 Silver Miller .46 Steep Rock 11.87% Siscoe....... 2.00 Tek Corp...... .30TA Texmont Upper Canada Western Mines Wright Har. Wlllroy....... Windfall....... Yeliowknlfe Br. Zenmac .77 .26 1.40 1.10 6.45 .15 3.40 1.B5 .23 12.00 3.90 1.91 1.36 1.10 1.30 .12 .22 liS.OO .19 .27 10.50 .21 .'a 5.60 .32 .3! 40.00 35.00 .74 .21 1.55 .31 17.75 7.95 2-51 .09 3.90 2.50 6.85 .60 1.62 4.50 i.ai 1.85 .15 4.10 MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) Labor Umest Petroleum Groups To Protest Oil, Gas Policy Right Change Intensifies a.m. Quotes) WESTERN OILS Alminex Asmera Banff Can South Cdn Ex Gas Cdn Grigol Cdn Homesfd Cdn In Gas Oil Cdn Long Is Cdn Super Cen Del Rio Chieftan Dynamic Pete French Pete Gl Plains Mill City New Conf..... North Cdn Oil Numac i.. Permo........ Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Triad West Decalta MISCELLANEOUS INDUSTRIALS Atco Ind 10.00 Aqualaine n-it Nfld 3.80 3.55 7.30 6.35 8.50 7.0 1.50 5.75 19.75 1.62 1.22 63Q 7.00 .90 1.06 5.60 18.25 1.22 3.40 LAST BID OR SALE a.m. Quotes! a.m Quotes! Inter Pro Pip W 7.90 Investors Mtl 4.85 5.31 5.50 105 Venture 3.08 3.37 Mutual Accum. 4.57 5.0: 1.37 Mutual Gin F 4.16 4.5! 18.S7IA Mutual Income 4.53 4.98 2.40 Natural Res 6.74 7.37 Principal Gth 3.96 4.35 Provident Mtl 6.19 6.77 Regent Fund 7.47 8.16 Royfund .....4.90 5.05 United Accum. 4.37 4.8S VANCOUVER AnuK.........25 Arctic Mining .28 Atlas .......1.15 Beth. Copper ___ 15.1 2.50 .63 6.10 24.75 13.00 22.75 23.75 10.00 4.6S inter Steel Pipe Jefferson Lake 8.50 joutel Kaiser Res Kam Kolia L Ont Port Cem Mentor Newcone Pacific Pele Rank Ora 9.75 Shell Inv Shell Inv Pfd Shell Inv WIs Sicks Ranier West Cdn Seed CALGARY Acroll Ana Pete Sarons OH North Conf Plains Pete West Warner Leduc Calmar Madison Quinalta Rexdale PIPELINE STOCKS Alfa. Tr. A 40.0L Inland Nat. Gas Fort Reliance North, central 11.50 Futurity North; Central B 26.62'A Giant Mascot Gaz Metro......4.50 Granisle Gaz Metra p A 56.75 17.87'A Trans Can Pipe 27.00 4.55 Trns Cn Pipe 2.80 38.00 2.30 Bornite Ridge 1.00 Block Bro........4.25 Brenda ......11.25 Drenmac .97 B.C. Sugar 16.75 Capt. Inter......3.25 Churchill ......4.25 Credit 1.20 .03 .29 .48 .07 .17 .05 .15 Crestbrook Croyden Dolly Varden Dvnasty Endako .47 Cdn Brew B Pfd 35.00 Trans "Can Pipe A 54.00 Cdn Hydro Car. 9.12Vb Trans Can Pipe w 7.65 .33 8.40 12.00 .65 .23% 3.10 ......14.75 Key Ind........30 Growers' Wine B 2.00 Hy's..........3.00 Int. Brew. Jericho Cdn Pac In Pfd. Westcoast Trans. Kamloops CPR Pfd 8.50 Cygnus A..... 4.15 Cygnus B 4.10 Cum Prop..... s.oo Gt Cdn Oil Sand 3.50 Gt Cdn Oil S 6-75 97.00 3.50 .10V .10 7.75 2.30 .13 Home Oil B Some Plffld Bay Co Hud Bay Oil 13.75 Western Pacific 4.55 Lornex MUTUAL FUNDS Lytton Mins A.G.F. Special 2.27 2.35 Mt. Washington All Cdn. Comp. 6.49 7.09 Madrona .ou All Cdn. Venire 3.52 3.85 New Cronlti Amer. Gih F 4.67 5.13 New !mp. Mines 2.55 Canada Growth 5.66 6.21 Okanagan Helicop. 3.35 U37V4 Cdn. Invest F 4.14 4.55 Primer.......20 2.35 Mtl 5.66 6.22 Silver Standard 1.65 15.00 Commonwealth 11.6212.73 T.C. Ex........52 39.50 Com'wealth Lev 3.01 3.30 Texmont.......58 Hud Bay Oil Pfd 54.00 Corp. invesi. 5.16 6.14 Trojan.......78 Russ Pfd Dreyfus F U.S. 10.03 11.05 Western Mines 4.50 lusky Oil Growth 5.92 6.51 Wesfcoast Res .19 Husky Oil B Pfd 39.00 Grouped Income 3.07 3.36 Western Explora .22 Husky Oil War 3.25 Investors Gth 10.0610.99 Utica..........1.03 NEW YORK STOCKS Supplied by Richardson Securities of Canada Amer. T. and T. 46.87Va Montgomery Ward 44.75 30 Golds 163.41 up .05 Anaconda 16.SO Sears.......58.00 10 B AMIS 101.52 oil M Beth. Steel M.50 Standard Oil N.J. 15 W Oils 148.04 lip .47 Chrysler......53.12V! Texas Gulf Volume Comsat 31.75 Texas NEW YORK AVERAGES Woolworth S9.75 30 Indust 714.10 oil 3.63 General Motors 67.12V] El 65.50 20 Rails 151.51 off 2.83 Gult ..........24.25 U.S. Slcel 34.75 IS Utils 105.il oil .57 nt. Harvester TORONTO AVERAGES 65 Stock! 235.10 otl S.04 Cenn. Copper 47.50 50 Indust 1M.54 off .13 Volume JUU (CP) nepre-sentatives of the Canadian pe- industry were drafting ROME (AP) Labor this weekend to a intensified in Italy today, government order re- Rome garbage collectors a nine-year-old policy ing work and school oil and gas rights in set to strike just before north and offshore. The Independent Petroleum of Canada was pre- A strike by top a telegram to be sent crats went into its third Ottawa Monday and other with no end scheduled. groups were expect- diplomats and other high-ranking civil servants took to follow. The change announced Friday removes the provisions un- ministries stood which permit holders earn- Rome's Gregorian the right to crown reserves University was hit by the paying an extra royalty on strike in its 400-year history. from the crown re- 40 non-teaching lay walked out in protest against what (hey called inadequate pay and the university's "paternalistic" attitude toward them. In Vatican City, several hundred male and the provisions allowed companies to pay as they produced, rather than requiring them to pay for leases while in the expensive process of de- nurses, claiming they were being exploited by a Roman Catholic medical centre, demonstrated with placards under Pope Paul's window. Spokesmen said the nurses were seeking Vatican intervention at fields. Gene E. Roark, president of the IPAC and Husky Oil Ltd., said the change would most severely hit Panarctic Oils Ltd., the consortium searching for petroleum in the Arctic and Gemelli P-olych'nic in Rome is owned 45 per cent by a regular hospital contract federal government. other decision was made with- consultation with the indus- Mr. Roark said, and DESTROYER to a "loss of good faith" on the government's SOUTHAMPTON, (Reuters) An think the industry should worth been given some right of damage was caused by a Sunday on the Royal said he believed the move Navy Destroyer Fararnaz an attempt by the govern- drydock ;o "capitalize on the land Anti-War Stage Weekend By THE CANADIAN A freight train carrying Canadian" anti-war cars to Vancouver also was tors fought with Americans target for rock-throwers. police during Hie weekend was a different story on the United States-Canada however, when another der south of Vancouver and of 500 Canadians gath- at the this time re- Protests against U.S. on the Canadian side. vention in Cambodia and Sunday protest was organ- deaths last week of four by the United Church of demonstrators in Ohio also held in Ottawa, of Elaine, some of Hamilton, Montreal and had armed themselves John's, revolvers Saturday, turned But these were peaceful several hundred strong Sun- tests compared with the to prevent a repetition of dents at (the border and at earlier "invasion." They, U.S. consulate-general in remained on their own side the border. On Saturday, a "symbolic Toronto, about 250 police, vasion" of Elaine, Wash., some on horseback, 30 miles south of Vancouver, called in to break up a about 500 Canadians turned by about when a minority performed in front of the U.S. con- of vandalism, including up a U.S. screamed ob- fr-'eral Canadians and threw rocks and hsaa cu'ui and bruises as as straggling protesters police, equipped with clubs carted off to waiting police mace, forced them the half wagons. In all, 91 persons back to the arrested on various HOCKS About 50 demonstrators on the crowd in front of the Canadian side began pelting began to break up, U.S. side with rocks and of demonstrators headed slogans aaxl obscenities on the main shopping area of Peace Arch .which marks Yonge Street, break- WU1QQW5 in two swrcs. 20 ARRESTED Sees Montreal, 20 persons among a group of 50 demonstra- For were arrested Saturday for refusing to obey an order to dis- following a brief protest On the U.S. consulate. All those arrested were later released. Ottawa, about 200 demon- EDMONTON (CP) cheered Saturday as provincial government Minister Trudeau and use one or two per cent of President Richard Nixon profit it makes annually burned in effigy at the liquor sales to provide memorial. facilities for all those Hamilton, there were no in- from alcohol problems, as about 500 demonstra- spokesman for the held a three-block protest Human Rights Association also had a peaceful Dr. W. D. Armstrong with about 50 what is needed is a gathering at a down- which would include a square Saturday to protest [or those who are drunk or war in Vietnam. the early stages of drying St. John's, about 30 U.S. a clinical treatment centre presented a petition to those who want to be dried .S. Consul-General Richard and retrained so they urging an immediate employable; and of troops from Cam- services for the men sales sequence that has been so profitable in Alberta." Carl Nickle, publisher of the Daily Oil Bulletin and recent past-president of the IPAC, said the original order "has been a strong influence in the spending over the past decade of on explora- tion of Canada's federal oil rights." "For 1970 alone the forecast has been for more than in risk-capital spending rising substantially over years ahead. "The Ottawa action puts that forecast in jeopardy. Unless Ottawa quickly clarifies and justifies its action, and estab- lishes what its new ground rules will be, the good name of Canada internationally and in- ternally will be hurt. "Putting it rather bluntly, the risk-takers have been taken in under the incentive ground rules set by the government, are now committed to the tune of millions of dollars and tho government in mid-game has started to change the rules." Glass Company Lowers Prices OTTAWA (CP) Dominion Glass Co. Ltd. has lowered some price increases, imposed March 1, following discussions with the government and the federal prices and incomes commission. The reductions bring the com- pany price structure within the anti-inflationary limits proposed by the commission, said its re- port on price increases for glass containers. It was tabled in the Commons by Consumer Affairs Minister Ron Basford. But the commission says higher prices imposed Marrh 1 by Consumers Glass Co. Ltd. are legitimate because the reve- nue increases from the higher prices are less than the com- pany's higher production costs. Therefore no pullback of con- sumers prices has been re- quested. The two firms are the major Canadian producers of glass containers, used primarily for foods and beverages. The commission says the higher prices originally imple- mented by Dominion Glass would have bumped company revenues past the desired level by about in 1970. The commission, the federal big gun in the inflation fight, has received broad agreement from industry for a limited pe- riod to absorb part of higher production costs by keeping price increases below rises in costs. The commission seeks to have labor curb its demands for higher wages and salaries. It has conducted inquiries into price rises for steel and tinplate as well as glass containers. Other price-increase investi- gations are proceeding into cof- fee, copper and some tires. It has also prevailed upon the aluminum industry to forgo i desired price increase dome cally. DIVIDENDS By THE CANADIAN PRESS Peoples Credit Jewelers Ltd., common 10 cents: class A 10 cents: both May 15, record April 30. Bills got you buffaloed? See HFC Don't be stampeded! Get help now with an HFC Bill Payer Loan. Pay everything at once. Then Have just one payment a month ...to HFC...smaller than the monthly total you're paying now. For bill paying, or for any other good purpose, borrow with confidence from HFC. Apply for your loan by phone. We'll supply your loan by mail. AMOUNT OF IOJK TToiT 300 550 1000 1190 2500 3010 S3 35 months 31 months IS months 56.12 18.35 32.86 11 mnntht 28.37 51.24 91.56 92.59 123.46 94.48 113.38 151.17 HOUSEHOLD FINANC1 LETHBRIDGE 506-4th Avenue South-Telephone 327-1511 (two doers west of Ask about our evening hours really want help. Other city doctors and hos- pital officials have recently pointed out the need for a de- toxification centre in Edmon- ton. Montana Waits For Situaion To Cool Down RONAN, Mont. (AP) The chairman of the board of re- gents said here no decision should be made on whether to drop Reserve Officer Training Corps programs at the Univer- sity of Montana until the ward's next meeting. John French of Ronan said ;he matter should be settled when things have cooled down. ie said he has some reserva- ions about dropping Ihe pro- jram as non academic qucs- toning the academic value of rasket weaving, pottery, ath- ctics and rodeos, The public is invited to meet 3 Distinguished Federal Cabinet Ministers to 6 p.m. TUESDAY, MAY 12 WESTERN ROOM, EL RANCHO MOTOR HOTEL IN ATTENDANCE WILL BE: HON. JEAN MARCHAND MINISTER OF REGIONAL ECONOMIC EXPANSION HON. H. A. (Bud) OLSON MINISTER OF AGRICULTURE HON. JAMES A. RICHARDSON MINISTER OF SUPPLY AND SERVICW SPONSORED IY IETHMIDGE LIIERAL ASSOCIATION ;