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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 20, 1970, Lethbridge, Alberta MINES, INDUSTRIALS Supplied by Richardson iSecurmes of Canada LAST BID OH SALE a.m. Quotes) o.m. Quoies) a.m, Q'jolos) INDUSTRIALS Pcmblna Pp U.75 East Mslnrtic 1.1? Share Drops T Ji "urn ____ i Worlr OTTAWA (CP) n neat dropped slightly to less iciac bushels shipped in the n'.K North, Cent Falconbrldge 1-13.00 Algomo Steel 12.00 Oqllvle Frobox Atco Ind 9.75 Pnwer Corp 6.75 First 1.10 Allan Sugar Price Co 11.15 G'ant V.K 8.35 Dell Tel 41. 12Vi shell CDA 20.25 Gortdrum 3.70 Market In Early TORONTO (CP) The Toronto stock market fell sharply in light mid-morning trading today, touching its lowest level in more than two years. On index, industrials were down 2.30 to 154.80, golds .31 to 155.81, base metals 1.52 to 94.35 and western oils 3.25 to 127.10. The industrial index was at its lowest level since April, 1968, base metals since June 1967 and western oil since December, 1966. This is the second consecutive session of sharp decline for the Toronto exchange. The market rallied Friday, interrupting five successive sessions of sharp decline. Analysts say the market is being dragged downward Trade pressure from Wall Street which is falling -sharply. Volume at the Toronto market by 11 a.m. was shares, up from at the same time Tuesday. Losses outnumbered gains 211 to 42 with 171 issues unchanged. The weakening trend was led by industrial mines. Among declining issues were Fakonbridge which dropped 5 to Dome Petroleum, 1% to 44% and Investors Overseas, 1% to 8. LOWERS MONTREAL (C P 1 1 was more of the same today as industrials and banks led the Montreal stock market lower in light trading. The market continued to take its cue from Wall Street and analysts here expect the decline to continue unless there is some good news to bolster the sagging enthusiasm of investors. Royal Trust declined 1 to 24, Bank of Nova Scotia to 17, Toronto Dominion to and the Commerce to ISYs. Among senior oils and pipelines, Pacific Petroleum dipped to 19, TransCanada PipeLine to Interprovincial Pipe Lines Vs> to 19% and Imperial Oil Vt to 17. The Dominion Bureau of Statistics reports that net receipts of crude oil and petroleum products by Canadian pipelines totalled ban-els a day n March, up from in March 1969. DELIVERIES UP Net deliveries in March totalled barrels a day, up from a year ago. Losses were large among senior mining issues with Falcon-bridge falling 6% to 139, Denison 2V2 to 28V2, Hudson -Bay Mining and Smelting 1% to 23% and Noranda 1% to 27Va. Among industrials, Seagrams dipped 1% to 43, CPR 1 to 56, Velero Industries 1 to 18, Hunter Douglas 1 to 10 and Cominco to 24ft. On index, industrials were off 2.62 to 157.40, utilities 1.93 to 122.56, banks 2.44 to 155.90, the composite 2.47 to 151.03 and papers .67 to 100.61. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 a.m. compared with at the same time Tuesday. REGAINS NEW YORK (AP) The stock market managed to regain some of its early losses in early-afternoon trade today. At noon, the Dow Jones average of 30 industrials was off 5.54 at 685.86. Declining issues on the New York Stock Exchange led winners by more than 4 to 1. The Associated Press 60-stock average was off 2.2 at 241.1. Declines ran through motors ruhber issues, farm implements, electronics, tobaccos building materials and drugs. Prices included Electronic and Musical off at 4ys, Phillips Petroleum up IVs at Revlon off 3% at Atlantic Richfield off at Chrysler off at 22 and Columbia Pictures off at Among Canadians, Mclntyre Porcupine fell 1 and Dome Mines Inco was up ami Canadian Pacific On the American Stock Exchange Scurry-Rainbow was ofi and Jupiter Corp. and Preston Canadian Marconi was up SIDE Gentle side of the law? This Washington, D.C., policeman carried a bunch of flowers in his gun belt while on duly at scene of an antiwar demonstration near the White of total world wheat trade lias declined while other major exporters have maintained or improved their positions, statistics show. Among the foul' traditional exporters, Canada's share of shipments has fallen to less than 23 per cent from 28 per cent in the 1960s. The United States has held about half the market and Australia has increased its share to more than 20 per cent from 14' per cent. Argentinas share per cent. France, a relative newcomer in the exporting field, has increased foreign sales sharply this year. The monthly wheat review for April, published Wednesday _ by Dominion Bureau of Statistics, shows the four traditional ex-porters shipped 801600.000 bushels of wheat in the first eight months of the current crop year to March 31. The total was about 10 per cent higher than the period of the previous year, but down by about 11 per cent from the eight-month average of bushels in the 10-year period from 1958-59 to 1967-68. CANADA'S SHARE DOWN Canada's eight month export total this year, at bushels amounts to 22.7 per cent of the total. Its average previously had been bushels Or 28 per cent of the total. Current-year exports of the United States amounted to bushels, almost half the total. The proportion was about the same in the 1959-19C8 period, when average U.S. exports were bushels. Australia, with about bushels exported this year, accounted for almost 21 per cent of the total. In the 10-year period. Australia's average exports in the first eight months of the crop year amounted to bushels or 14 per cent of the total. Argentina's exports this year were down to bushels, less than seven per cent of the total, compared with a 10-year average of bushels or about eight per cent. France, not normally counted among major traditional exporters, nevertheless had foreign sales of bushels in the seven months to the end of February, a jump from bushels In the same period of the previous year. Total supplies of wheat held April 1 by the four traditional exporters for export or stockpiling amounted to bushels, an increase of 17 per cent from the bushels held a year earlier. Canada accounted for about 40 per cent of the total with bushels compared with on April 1, Te'l Simp Sears" 2100 Granduc 6.85 Burns 7.00 steel o( Can 70.75 Headway R.U. 11.00 B.C. Forest 27.00 Selkirk A 7.00 Holltnper 79.75 B.C. Sugar 16.50 Texaco 19.50 Hud- Bav M-S 23.30 CAE Ind 4.40 Traders Gp A 8.12W Hydro' Ex. .15 Cdn Brew 7.37Va Trans Mtn PD 1475 Highland Bell 3.50 Vhcmcell 6.25 Trans Can Pp 26.00 Iron Bay 2.67 Co Cellulose 6.00 Union Gas 12.50 'so 1.46 Ca! Power 21.62Vs Union Oil 31.00 Jollet Quebec .53 Coron Credit Versatile Mfg 2.90 Kerr Addison 11.00 CWN Gas 10.50 Wesleel Key Anacon Cdn Indusl 9.25 Union Car Labrador 28.25 Canada S S 21.00 Weston's B 50.00 Lake Shore 3.50 Cdn, Marconi 3.15 Woodward's A U Leitch Cdn Vickers .7.00 Wesl Cf'n Sd ?.1S Langis Silver .09 Chrysler 23.00 Zenith E'ec 17? Macasso 1.35 CPR 56.37'A BANKS Madsen R.L. 1.00 Cominco 24.50 Can Imnerial 6.00 Malartic G.F. .90 Cons Bath 17.12V's Montreal d 25 Martin McNeely .13 Cons Gas 14.50 Nova Scotia 7 m'2 Maybrun 50 D st Sea -W.OO Royal 9.75 Maclntyre 155.00 Dom Bridge 13.65V5 Tor-Dom 750 Meta Domtar 14.00 MINF position will be of interest to Library Science graduate! who would particularly enjoy the challenge of planning and organize o new section within our Technical Library. Reporting directly to the Head Librarian, the .successful candidate will maintain liaison with the Audio Visual production department, maintain close co-operation with library cataloguing and advise en the acquisition of Angeles-based national organization which took its cue from Alcoholics 1969, 65 cents. Canada and Dominion Sugar Co. Ltd., six months ended March 31: 1970, a share; 1969, Worts Ltd., 30 cents, July 15, record June 12. Investors Group Ltd., 5 per cent pfd. cents, Aug. 1, record July %aiffi MARIiY PRA Fr Indoor Carpeti and Shags. rdinary value! approx. 104.95. f %4 DAYS ONIY at I %F PLANNED WOLFVILLE, N.S. (CP) Joan Baez, noted United States folk singer, will give an open-air concert at Gaspereaux near liere during the thea-re art international festival at Acadia Universityin July. 3ther attractions include Red Army singers, dancers and musicians; Juki Arkiti, Israeli nime; Jean-Leon Destine rod his Afro-Haitian dance company; and the Toronto workshop reduction Chicago INSURANCE BRANCH MANAGER WE REQUIRE A BRANCH MANAGER FOR OUR LETHBRIDGE OFFICE Attractive salary and incentive program for the right man. Reply stating age, marital status, past and present employment to BOX 4, THE IETHBRIDGE HERALD All Replies In Strictest y APPLIANCE SERVICES LTD. y 1244 3rd Avenue S. Phone 327-6684 material and equipment is nor tuential. Salary range to' experience will determine starting salary. Competition No. 0659-C-2. Closing date May 30, 1970, Inquiries, correspondence and to: m GOVERNMENT OF Personnel Office, J. Bowltn Building, S.W., Room 1101, CALGARY J, ;