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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 19, 1970, Lethbridge, Alberta ____________ Power Plant Sale Negotiated By MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. a.m. Quoin) j CANBERRA (CP) Nothing is sewn up yet, but Canadian officials are said to be Minister Trudcau has also slipped in a subtle sales pitch in his talks with Australian Prime Minister John North and Can. 10.87'A Fatconbrldgt Ablllbl f37iAOgllvle 18.00 Frobex 25 Alean Pemblna Plpt M.OO First Maritime, 1.25 Alaoma Sfeel 1250 Power Corp 7.25 Giant Y.K AcS "ml Prlc. Co ,P IMJ'A GorlOrum 3M Allan Suanr 600 Rothmans 15.50 Gunner 1.0! Sill Tel 41 50 CDA 21.50 gr.nduc 7.JO Weak M Sees TORONTO (CP) A rally which brought the Toronto stock market out of a slump Friday fell back in light mid-morning trading today. On index, industrials were down 1.94 to 159.21, and western oils 1.43 to 134.51. Golds advanced .13 to 157.63 and base metals .01 to 97.30. Volume by 11 a.m. was shares, down from at the same time Friday. The Toronto market was closed Monday, Victoria Day. Losses outnumbered gains 129 to 72 with 137 issues unchanged. The market showed a moderate loss after 10 minutes of trading this morning. The loss deepened after further transactions. Friday's rally brought the industrial index up 2.69 to 161.23, but analysts were pessimistic about its significance in terms of Mure market strength. Dominion Citrus, which announced first-quarter net earnings of 12 cents a share, up from 10 cents in the similar period of last year, advanced to Advocate Mines, at bid, asked, did not trade. The company said first quarter net earnings were five cents a share compared with four cents in the corresponding period of last year. MONTREAL (CP) A strong technical rally Friday found no support today as the Montreal stock market dipped sharply in fight early trading. Banks were the biggest losers with Commerce off to Nova Scotia t4 to 18 and the Royal to Among industrials, Moore Corp. dipped to CPR Alcan to 22te and IOS Ltd. 20 cents to 3.45. Senior oUs declined. Aquitaine fell 1 to 16% and Imperial Oil Vt to v Losses Inco fell 1% to 41. On index, industrials were off 2.03 to 163.13, utilities .39 to 125.19, banks 3.10 to 160.28, the composite 1.81 to 156.03 and papers .16 to 02.03. Combined volume on the Montreal and Canadian stock exchanges was shares at 11 a.m. compared with at the same time Friday. LOWER The New York stock market drifted lower in light trade early today as the Dow Jones indu> trial average went below the 700 level. At noon, the Dow average of 30 blue chips was off 5.38 points to 697.43. Trading was quiet. Among Canadians, H u ds on Bay Mining fell 1, Dome Mines Walker Gooderham, Alcan and Canadian Pacific each. Mclntyre Porcupine rose 1% and Genstar Ltd. On the American Stock Exchange, Scurry-Kainbow fell Vi. Canadian Marconi and Jupiter Corp. each rose the possibility of selling Canadian nuclear power plant to Australia. Tenders will be called next month for the proposed Jervis Bay power not far from and officials of Atomic Energy of Canada and the trade department have been talking with Australian officials for. months about the details and sources say. Trudeau is accompanied by, among others, J. L. Gray, president of AECL, and Andrew Kniewasser, assistant deputy minister of trade. Both men were in Canberra ahead of the prime minister talking about the proposed power station. The contract would mean some to Canada, officials ..I 1173 ffiffir SOW ciirnl Slej! 5''m'A HydfjBEx juS fsT In dust 9.37'A r Ji n jn'cn Lena Is Silver 09 Cdn Marconi 3.55 wesion s D Macassa 1 36 Chrvster 24-50 West Cdn 5d 2.20 Madsen Comtnco 25.50 BANKS Mavhmn 'l4 Cons Bath 17.50 Cdn Imp 19.00 IAOOO Cons Gas i 14.62'A W.ontreai USD SS 18% DIst Sea 45.25 Nova Scotia 18.00 25 Dom Brldgt 13.50 Royal 19.87'A Mogul" 9.40 Domtar 14.62V4 Tor Dom 1B.25 [jew Athona 21 Dom 10.75 MINES New Calumet .23 Dom Stores 12.50 09 New Imperial 2.40 Dome Pete -18.00 Advocate Asb. 2.15 Noranda 29.50 Fam Plya 9.25 Akalt'ho 52 hlorthgats 12.75 Fd of Amer -13.00 Area Mines 2.30 Opemlska 13.25 Gr Cdn OH 3.25 Belcher Iron .40 Oslsko 31 Gen Motors 69.25 Black Bay 09 Paiino 31.00 Gt Lakes Pap 21.00 Bralorna 1.95 Pine Point 36.87'A Gulf Oil Cda 15.62'A Broulan .25 Placer Dev. 35.50 Hawker Sid 2.00 Bethlehem Exp. 65 Huron, Eric 16.25 Brunswick 5.85 Quebec Man .20 Hiram Walfc 43.12'A Canada Tung. 1.90 Rayrock 1.50 Imperial. Oil Casslar 19.00 Radiore 30 Imperial Tob 15.00 central Pat. 2.45 Rio Algom 17.50 Int Nickel 42.00 Chimo 1.32 Roman Corp. 8.00 Int Pipe 20.37'A Conwest ?.25 Sllverfietds 2.50 Inv Gp A Cons. Rambler .93 Sherritt Gordon 18.12'A Int Util 25.50 coin Lake 16 Silver Miller .08 Ind Accept 12.75 Cochenour 45 Steep Rock 3.55 Laurentlde 4.W Cralgmont 11.75 Siscoe 2.45 Kelly Doug A 6.25 Dickenson Mines 1.95 Tek Corp 6.25 Loeb 4.BO Denison Mines 30.00 Texmont 59 Loblaw A Deer Horn 08 Upper Canada 1.54 Metro Stores 16.00 D'Eldona 77 Western Mines 4.30 Massey Ferg 12.12'A Dome Mines 54.00 Wright Har. 1.60 McMil Bloe 28.00 Donalda 27 Wtlfrby Moore Corp 30.75 Discovery Mines 1.35 Windfall U Molsons A 14.25 East Malart c 1.15 Yellowknlfe Br. 3.PO Molsons B 15.50 East Sullivan 6.25 Zenmac 12 MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE a.m. QuoW) a.m. Quotes) guotos) WESTERN OILS Int Util Pfd 26.75 Northwest Fin. 3.56 3.91 Almlnex Int Steel 5.37W Northwest Gth 4.10 4.51 Asmers 11.50 Jeff Lake 10.25 Growth Equity 5.5B 4.13 Banff 810 Joutel 134 Grouped Income 2.89 3.16 Can South 3.30 Kaiser Res 16.37'A Investors Gth S.SS 10.44 Cdn Exp Gas 385 Kam Kotia 2.18 Investors Mil 4.63 5.07 Cdn Grigo] 7.40 Lake Ont Pt 2.15 IOS Venture 3.01 3.29 Cdn Home 6.00 Mentor 60 Accum. 4.69 Cdn Ind Gas 8.25 Newconex 5.50 Mutual Gth f 3.90 4.29 Cdn Long Is .80 Pac Pete 21.00 Income 4.23 4.65 Cdn Super 23.00 Rank Organ I2.62V4 Natural Res 6.55 716 Central Del 8.80 Shell Inv 21.00 Charter 7.25 Shell Inv Pfd 21.25 Provident Mil 5.87 6.42 Chietfan 7.00 Shell Inv wts 8.25 Regent Fund 7.JS 7.92 Dynam Pete 1.45 Sicks' Ranier 4.00 Vted Accum' 463 Mill City 1.45 CALGARY Arctic Mining '.27 Permo 84 conj _'f i03 Born e_ Petrol 93 plains Pete .26 nrcnrts t'as Pinnacle Bo west Warner .41 ifenmac 77 Place Gas 1.10 Leduc Cal 07 R c Sunar 16'so Ponder .45 Madison 14 3'2s 5.50 Quinslta 04'A churOt 385 Scurry Rain 17.00 Rexdale 20 7.87V4 Spooler HJ PIPELINE STOCKS Croyden ,.40 Alta. Gas Tr. A 38.25 Dolly Varden 30 West Dec 3.90 Gas Tr_ 4Vt 6900 Dynasty s.oo MISCELLANEOUS Alta. Gas (Nat.) 19.5" Endako 12.25 INDUSTRIALS Inland Gas Giant Mascot 3.20 Atco Ind 10.25 North, Central Granisle 14.12V2 Aauatalne 16.62V! North, Central B 25.00 Key Ind 40 Brit Nfld 4.15 Gar Metro 4.35 Growers' Wlni B 2.3S Cdn Hydro Car. 9.50 Gaz Metro p A Hy's 2.70 Cdn Pac Inv 23.00 Trans Can Pipe 26.37'A Int. Brew. 3.55 CPR Pfd 8.25 Trns Cn Pipe 2.80 37.00 Jericho .09 Cygnus A 3.75 Trans Can Pice w 7.50 Kamloops .11 Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 75 cattle. Receipts mostly butcher steers of mixed quality. Trade active. Good and choice butcher' steers meeting good demand selling steady to strong. Medium grades selling as much as 25 cents higher. The few butcher cows on offer sold steady, kind and quality considered. Choice steers 31 to 31.70; good 30 to 30.75; medium 28.50 to 30. Good cows 22 to 22.70; medium 20.50 to 21.50; canners and cutters 17 to 19.75. Butcher hogs unsold Tuesday to 11 a.m. Calgary Livestock CALGARY (CP) On offer-to 11 a.m., about 600 head; mostly slaughter cattle of mixed quality. Slaughter steers and heifers were steady, cows were f u 1 ly steady, bulls were not offered. Choice slaughter steers 31.25 to 31.80, good 30 to 31.00 medium 28.50 to 29.55. Good to low choice heifers 28.25 to 29, medium 27 to 28. Good cows 22.75 to 23.50, medium 21.50 to 22.50, canners and cutters 19 to 21. Replacement cattle were in short supply selling at steady prices, quality considered. Good feeder steers 30 to 32. Good feeder cows 20 to 23.60. No stock or slaughter calves offered. Hogs base price 30.20. Portland Livestock PORTLAND, Ore. (AP) -Cattle and calves 500; early sale slaughter classes steady to 50 cents lower except bulls steady; dealers slaughter calves not established; early sales feeders 50 lower. Slaughter steers choice 930 1130 Ibs. 27.40 to 29.80; good 26 to 27.50; few well shrunk 27.75 to 28.50; slaughter heifers choice 825 to 975 Ibs. 27.80 to 28.50; good 950 to Ibs., 24.50 to 25.50; slaughter cows, utility 20 to 23; cutter 19 to 22; few canners 15 to 18; slaughter bulls, commercial and good, 26 to 29.75; individual high dressing 32.50; feeder steers, good 800 to Ibs. 25.25 to Prices Winnipeg Grain Prices WINNIPEG Rapeseed opened sharply higher today, but buying demands eased considerably near mid-session and nearly half the early gains were lost by the close of the Winnipeg Grain Exchange. Gains of up to 7% cents, posted in the old crop futures early in the day, were considerably lower as the volume of trade declined. Flax was strong throughout most of the day. Oats and barley were steady on a moderately active volume of trade. Export loadings of Canadian wheat included bushels to China and to Russia. Lakehead prices for class two and IGA wheat were all unchanged. Closing prices: Flax: May 9% higher 2.90y4; July 4 higher Oct. 1 higher 2.75; Nov. higher Rapeseed: May 5 higher 3.04; July 4'A higher 3.05; Nov. unchanged 2.46i4; Jan. Vs lower Oats: May unchanged July unchanged Oct. Vs higher Dec. Vi higher Barley: May unchanged 1.80V2; July unchanged 1.09A; Oct. unchanged 6.10A; Dec. unchanged Rye: May lower July 1% lower Oct. 1% lower Dec. Vs higher Prices fof class two wheat for export to countries outside IGA: 1 Nor 3 4 5 6 i Durum 2 3 IGA prices: 1 Nor 2 3 4 5 6 1 Durum 2 3 Tories From Quebec Walk Out TORONTO (CP) Sixteen Quebec delegates refused to join a new national Progressive Conservative youth organization established during the weekend, saying they had been denied a voice in the decision. The Quebecers walked out of the convention hall Sunday as delegates of the Young Progressive Conservatives and the Progressive Conservative Student Federation voted to merge. The new organization is. called the Progressive Conservative Youth Federation. Alan Pope, 24, of Toronto, was elected its first president. Spokesmen for .eight of the 12 Quebec clubs represented at the conference issued a statement saying they had been "subjected to needless .harassment" and "had great difficulty in registering." The statement said the decision to merge the two youth groups had been "taken on the spur of the moment, secretly to prevent the election of a French-Canadian PCSF Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds unchanged at Pound iteriing off 1-16 to NEW YORK Canadian dollar unchanged at 93 15-64 in terms of U.S. funds. Pound sterling up 5-64 at Prop 8.50 Weslern Pacific 4.25 Mt. Washington .13 Gt Cdn Oil ,360 MUTUAL FUNDS Madrona 27 Gt Cdn Oil Sd 96.00 A.G.F. Special 2.10 2.20 New Cron 09 Home A 12.50 All Cdn. Comp. 6.33 6.92 New Imp. Mines 2.60 Home B 14.00 All Cdn. Dlv. 7.44 8.13 Primer 15 Home and Pit 2.10 All Cdn. Ventre 3.29 3.59 silver standard 1.55 Hud Bay Co 1350 Amer. Gth F 4.45 4.8! T.C. Ex. 48 Hud Bay oil 36.00 Canada Growth 5.59 6.11 Texmont 55 Hud Bay Oil 49.50 Cdn. Invest. F 4.00 4.39 Trojan .73 Husky Oil S.62V5 Collect. Mil 5.38 5.91 Western Mine! 4.40 Husky Oil B 37.50 Commonwealth 11.08 12.14 Westcoast Res .18 Husky oil War 3.10 Com'wealth Lev 2.84 3.11 Western Explora .22 YORK STOCKS Supplied by Richardson Securities of Canada Amer. T. T. 47.12'A Montgomery Ward 45.75 30 Golds 157.59 "P .W Anarnnda 2500 Sears 55.12'A 10 B Mets 96.81 off .48 Beth 2i871i Standard Oil N.J. S1.6VA 15 W Oils 132.13 off 3.81 sssr "upon" ISJS Woolworth 29.75 30 Indust 69503 off 7.78 gsr r? .v 13ES 1 HUHi ASSISTANT MANAGER WHOLESALE PRODUCE HOUSE Edmonton produce distributor handling full line of fresh fruit, vegetables and also dairy and frozen foods requires assistant manager experienced in all facets including buying, costing, sales, handling warehouse, office ond sales staff. Experience in retail supermarket! would be an added asset. Apply, in confidence, by letter, stating age, marital status, full details of past employment and experience and salary required to: PERSONNEL DEPT. BOX 2266 (CP) Prices today provided by the Alberta hog producers' marketing board. Edmonton: Quoted 29.80 to 30.10, telling 29.80. Average Friday 30.32. Red Deer: Quoted 29.75 to 30.10, selling 29.75. Average Friday 30.21. Calgary: Quoted 30.10 to 30.20, selling 30.20. Average Friday 30.11. Lethbridge: No market. Average Friday 29.93. Lloyd minster: No market. Average Friday 29.90. Graride Prairie: No market. No market Friday. Total 'hogs sold to 11 a.m., Sows selling 22.83. Total hogs sold Friday EXPERIMENT DUNCAN, B.C. (CP) Five acres of Indian-owned land in the Cowichan Valley near this Vancouver Island community Will be turned into vineyards ;his summer in an experiment in growing hybrid wine grapes. The Indian affairs department, Drovincial agriculturalists and a Victoria winery are Service Post Filled OTTAWA (CP) Andrew H. today. Macpherson, 37, has been ap- A native of the United King-pointed director of the Canadian dom, the zoologist joined the WUdlife Service's western re- wildlife sen-ice in 1958 and has gion with headquarters in Ed- served on several Arctic expedi-monton, it was announced tions. __ Tuttrfny, M.y It, If70 THI LETHUIDOI HMALD If Agro Surpluses Must By VICTOR MACKIE Herald Ottawa Bureau OTTAWA Agriculture sur- pluses in Canada "must be controlled and reduced to man- ageable proportions" by dras- tically cutting back production, if necessary, the report of the federal task force on agricul- ture recommended today. It found that where alterna- tives to reduced production exist production resources must be shifted to more prom- ising market opportunities. Where these alternatives cannot be found land and other resources must be retired. BLEAK READING The report made bleak read- ing in some parts for those en- gaged in agriculture In this country. The task force of five persons was named in Septem- ber, 1967, by the cabinet. It was instructed to make an assessment of agriculture in Canada in terms of its contri- bution toward the achievement of national goals with parti- cular recognition given to the income and welfare of farmers. It said governments should provide temporary, limited programs of assistance for the crop switching and land retire- ment necessary to cut surplus production. The task force emphasizes there must be programs to ex- pand demand, particularly on the international scene. PHASE OUT It found agriculture subsidies and price supports that are not effective and efficient in achieving high priority objec- tives should be phased out. Younger non-viable farmers should be moved out of farm- ing through temporary pro- grams of welfare, education and provision of jobs in other sectors of Hie economy. Older farmers should be given assistance. Improvement of manage- ment must be encouraged by providing Med money for agement training. "Management by ofojeettwg, program planning and budget- ing, cost-benefit analysis and otter modern management techniques should said the task force. "Every public policy rfeuld embrace these it delcared. The task force was tabled to the Commons by Agriculture Minister H. A. Olson. "It will assist in the develop- ment of short and long terra policies lor the benefit of farm- ers and all other said Mr. Olson. On wheat, it states that marketing of wheat should re- main under the jurisdiction of the wheat board. It calls for a transition policy for wheat and barley com- mencing in the spring of 1970. LEACOCK Far- ley Mowat has been named winner of the 1870 Stephen Leacock Memorial Medal for humor. Mowat, 49, wai awarded the medal for hii book 'The Boat Who Wouldn't Float'. Colour to Colourful Letljbrid The cargo? HOUM Paint. The delivery date? Rush. WB delivered the We know the Im- portance of fast, efficient delivery. We'll stake our reputation on Itl Call us soon. Daily Strrics la Manitoba, Sasfctctem, Ontario and QnebK. Profile: what kind of man buys a car with an ornament like this? Mercedes-Benz takes a close look at a different kind of automobile buyer. One who isn't swept off his feet by hood-scoops, fancy stripes, and chromium plate. IT Is very nearly impossible to fit the Mercedes-Benz owner within a particular socio economic group. He may be a school teacher, or a stock-broker. But when it comes to his basic attitudes, we can make some fairly accurate assumptions. 1. Our kind of man Is a perfectionist and a seeker of quality. He regrets that the word "quality" has lost much of its true meaning in recent years through hackneyed use. 2. For that reason, our man generally dislikes puffed- up, showy advertising. He abhors attempts to manipu- late his good taste and common sense. If his car has to have advertising, he wants that advertising to make 3. A Mercedes-Benz owner usually feels closer to his car than does an owner of another make. His car is an extension of his personality. He feels that both his car, and himself, are comfortably above average. 4. By owning a Mercedes-Benz he can express his individuality, and status, without feeling or suggesting that he's a show-off. 5. How does our man feel behind the wheel? For one thing, he feels comfortable. He probably knows more about his car's superb engineering features than own- ers of other cars. He knows why he feels comfortable. The seats in his car were designed with the help of an orthopedic surgeon. And he appreciates their beauti- ful upholstery. 6. He feels secure, too. He knows that a Mercedes- Benz has non-fade disc brakes on all four wheels. An articulated rear axle designed to keep the wheels on the ground no matter how hard he drives, or how rough the road. A collapsible steering column for safety. And a specially strengthened rattle-free body that could save his, and his passengers' lives, in a roll-over accident. Now, how does the mantle of a Mercedes-Benz owner fit you? If you are still not absolutely sure, send for our illustrated brochure. And arrange for a test drive in one of our 1970 models on display at the Mercedes-Benz dealers shown below. You may be one of the reasons why "our kind ot man" is steadily increasing in numbersl Send lor the tree, full-colour brochure thai tells all about the new cars from Mercedes-Benz Mail this coupon to: Mercedes-Benz of Canada Ltd., P.O. Box 501, Terminal A, Toronto 1, Ontario. Mercedes-Benz -DAIMLER-BENZ AQ-------Sold by- PRO MOTORS LTD. 1520 2nd Av.nue S. Alta. 328-4021, 328-4843 ;