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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 25, 1970, Lethbridge, Alberta Monday, May 35, 1970 THE LETHMIDOI HERALD 13 Market Declines In Light Trade TORONTO (CP) The To- ronto stock market was down sharply in light mid-morning trading today. On index, industrials fell 2.53 to 148.84, golds 2.56 to 150.64, western oils 2.56 to 120.54 and base metals 1 to 88.31. The base metals index was at its lowest point since Jafluary, 1969. Volume by 11 a.m. was shares, down from at the same time Friday. Losses outnumbered gains 176 to 46 with 145 issues unchanged. The market rallied sharply Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Trading was light on the Winnipeg Grain Exchange today with most actively centred on flax and rapeseed futures on prices patterns steady at Friday's dose levels. Fractional gains were posted in rapeseed with some U.S., commission house and export- er buying. Offers were on the light Side. Flax had a little scale-down buying by locals and commis- sion houses. Hedge offers were fairly liberal. Oats and barley were mostly domestic shipper buying with some maltster interest in bar- ley. Rye had some inter-month and intei'-market spreading op- erations with a small exporter interest in the May future. Export loadings of Canadian wheat Friday included, bushels to Britain, to Belgium, to France, 013 to Hong Kong, to Ire- land, to Malaysia, to Switzerland, to Singapore and to Russia. Volumes of trade Friday in- cluded bushels of flax, bushels of rapeseed bushels of rye. Grain quotes Jtonday (basis High Low Close Flux May 277 276% 277 Jly 275% 274 .274% Oct 272% Nor 268% 268 26814 Rapeseed May 301H 295K 295% Jly 305 298 NOT 252 247% 247% Jan 243% 240% 240% Oats May 75 Jly 75Vi Oct V6% Dec _ _ Barley May Jiy Oct Dec Rye May 101% Jiy Oct Dec 110% 110% 101 103% 103% 107% 107V8 110% 110% 101 lOSV's 107% 109% Friday, but analysts said the upward trend was caused by investors rushing to buy stocks at, bargain Observers say" ttTeTe was no substance behind the rally. Largest losses today were in beverage, general manufactur- ing, industrial mining, oil refin- ing, pipeline and bank issues. Among decling stocks, Dome Petroleum was down 2 to 40, Inco 1% to International Utilities 1% to Leigh In- struments to 10% and Nor-th- gate to Falconbridge fell 3 to 130, Bell Canada to Bow Valley to and Alcan to SLIPS LOWER MONTREAL (CP) The Montreal stock market slipped lower in light early trading today as prices continued to plunge on Wall Street. Industrials led the decline and the composite index was off 2.00 to 146.97 at 11 a.m. Bank of Nova Scotia fell to 17% and Royal to 19% while Toronto Dominion gained to Highlighting losses; Crush In- ternational dipped 1% to 9, Sea- grams IVt to Inco 1% to Walker-Gooderham 1 to 39, Great Lakes Paper 1 to 20, Zell- ers 1 to 8, Imperial Oil to 17% and Velcro Industries to Shell Oil did not trade. Th company reported that oi shows were encounter'ed in its fourth test well off the Eas Coast. On index, industrials were of 2.70 to 152.30, utilities .27 t< 120.55, banks .39 to 155.44 ant papers 1.33 to 96.99. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 a.m. compared with at the same time Friday DJA OFF NEW YORK (AP) The stock market was off sharplj early this afternoon in modefate trading, but the downward slide appeared to have slowed down At noon, the Dow Jones aver age of 30 industrials was of 12.39 to 649.78, after having fallen more than 11 points din- ing the first hour of trading. Declines led advances by S to 1. Stocks were lower in all cate- gories. The Associated Press 60-stock average at noon was off 4.9 to 228.3. On the American Stock Ex change, Digital Equipment was off 2 to and Asamera Oil off to 7. Among Canadlansonthe NYSE, Mclnfyre Porcupine fel 6, Dome Mines dropped 1% Walker Gooderham was down Granby Mining and Interns Uonal Nickel were off Cana- dian Pacific lost and Alcan was off On the Amex, Canadian Jav- elin was down Scurry Rain- bow Oil was off and Jupiter Corp. was off UNEMPLOYMENT INSURANCE CLAIMANTS Commencing this week and until further advised, you can turn in your report forms and obtain any benefit cheques due you at tho following locations and times. IETHBRIDGE-UIC Office, 313 5th St. Men. to Fri. 8 a.m. to 4 p.m. MEDICINE HAT-No. 203, Federal Building Wed. to Fri. 9-12 a.m. and 1-4 p.m. PINCHER CREEK-Municipal Offiu Tuesdays 10 lo 11 a.m. BLAIRMORE-2nd Floor, Federal Building Tuesdays 1 to 3 p.m. TABER-No. S, Federal Building Tuesdays 9 a.m. to Noon BOW ISLAND-Municipal Office Tuesdays 2 to 3 p.m. CARDSTON-Municipal Office Wednesdays 11 a.m. to Noon MAGRATH-Municipal Office Wednesdays 2 to 3 p.m. To obtain your cheque, you MUST produce your Social Insurance Number Identification Card. Applica- tions for Benefit or Social Insurance Numbers can also be obaincd and deposited as above. Enquiries regarding Government Annuity pay- ments should be directed to the Area Office in Lethbridge. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE Quotes) a.m, Quotes) WtSTIRN OILS Almlnex Asmara Banff can South can Delhi cdn Ex Gas Cdn.Grlsol Cdn Homestd Cdn In Gas Oil Cdn Long Is Cdn Super Ccn Del Rio Charier Chleflan Dynamic French Pete Gt Plains Mill Clly...... New Cent Numac....... Permo....... Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Triad West Decalla Inter Stee! Plpt Jefferson Lake. Joulel Kaiser Res Kam Kotia L Ont Port Mentor....... Newcontx Pacific Pet! Rank Org Shell Inv Shell In Pfd Shell Inv Wfs Sicks Ranler West Cdn Seed White Yuk CALGARY Acroll Ana Barons Oil North Cont Plains Pete West Warner Leduc Cal Madison Qulnalta Rexdale 4.95 8.00 1.28 14.50 1.80 2.00 .48 5.20 18.00 11.25 21.20 21.50 7.50 4.00 1.75 14.00 .45 Growth Equity 5.14 5.J7 Grouped Income 2.67 2.92 Investors Gr 9.18 10.14 Investors Mut IDS Venture Mut Ac Fd Mut Gr Fund Mutual Income Nat Resources Prln Growth Proy Mutual Regent Fund Royfun Unltel Accum MISCELLANEOUS INDUSTRIALS Atco Ind 9.00 Aauatalne U7S Brit Nfld 3.85 3.70 7.05 3.05 3.25 3.30 <.25 4.50 6.50 .79 8.30 6.35 1J7 4.50 17.50 1.20 .95 580 .70 .95 -70 .93 .48 4.SO 14.37'A PIPELINE STOCKS Alia. Gas Tr A 37.00 Alta Gas Tr P 67.00 Alta Gas Nat 20.00 Inland Nat Gas 9.25 ______ North and Cen 10.87Vi Fort Relloncs North and Cen B 22.1214 Futurity Gaz Metro ......4.10 Giant Masi Gas Metro P A 56.25 4.47 4.90 2.92 3.1! 4.06 4.47 3.58 3.94 4.01 4.41 6.18 6.75 3.51 3.85 5.63 6.16 6.89 7.53 4.49 4.63 3.99 4.38 VANCOUVER ............U Arctic Mining N .22 Atlas Explorations .86 13.25 .16 5.95 2.95 3.10 3.45 oJiA Beth Conper 03 Bornlte Ridge Block Brothers Brenda Brenmac........ B.C. Sugar ......16.00 Capt Inter 2.70 Churchill Copper.. 2.75 Cor Credit 1.00 crestbrook For tnd 6.00 Croyden......... .30 Dolly Varden Dynasty Endako. Cdn Brew A Pfd 31.00 Tr Cdn Pipe 25.50 Cdn Hydro Car 9.37-----------J--------- 21.50 8.25 3.50 3.75 Granlsle Key Industries Cdn Pac Inv CPR Pfd Cygnus A Cygnus B Cum Prop Gt Cdn Oil Sand 3.25 Gt Cdn Oil S6-75 97.00 Home A 10.75 Home B...... 14.00 Horne pit 2.00 Hud Bay Co. 12.25 Hud Bay Oil 12.50 Hud Bay Oil Pfd 47.50 Hugh Buss Pfd. 19.75 Husky Oil 7.75 Husky oil war. 2.75 In Prov Pipe 7.20 In-Ulil Pfd 24.50 9.37'A'Tr Cdn Pipe P A 51.00 Hy's Tr. Cdn Pipe War 6.65 Inter Brew Westcoast Trans 17.25 Western Pacltlc 3.90 MUTUAL FUNDS 2.0? Jericho Kamlopps Lornex Copper Lytton Mln 6.03 6.59 Mt. Waslngton A.G.F. Special All Cdn Com All Cdn Div 7.09 7.75 Madroni...... All Cdn Ven ..3.09 3.38 New cronin Amer Gr Fund 4.13 4.54 New Imp Mines Cdn Gr 4.53 4.98 Okanogan Hel Cdn In Fund 3.85 Primer Commonwealth 10.71 11.74 Silver Std....... Com'wealth Lev 2.67 2.93 T.C. Exporations Coll 4.97 Corp In 4.66 5.70 Western Mines Dreyfus Fd U.S. 9.29 10.18 Westcoast Res Northwest Fin 3.26 3.58 Western Ex 7.00 11.12'A .37 .24 5.75 12.50 .39 2.60 3.55 .09 .07Vi 7.70 1.70 .10 .25 .0814 1.95 2.65 .18 1.26 .38 .68 3.85 .15 .21 Northwest Gr 3.79 4.16 Utica .............82 NEW YORK STOCKS Supplied by Richardson Securities of Canada Amr T T ..43.37Vj Mongomery Ward .10.75 m Golds 135.44 off 3.81 Amer Smelten II.1S Stars ............53.75 10 Base Mets 99.12 off uo Bth Steel ......23.50 Std. Oil of NJ 52.25 15 West Oils 214.20 off 131 Chrysler 20.37V] Texas Golf ......115.25 Volume Costal Texas Co.........24.00 NEW YORK AVERAGES Dunorit ....102.00 Woolworth ......2f.37'A30 Industrials 649.85 of 12.32 General Motors 42.25 West Elcc 54.37'A20 Rails 135.44 of 3.81 Gulf U.S. Steel 32.25 15 Utilities 99.12 off 1.40 Int Harvester 23.00 TORONTO AVERAGES Stocks 214.20 off 4.3? Kenn Copper 40.62Vi20 Industrial 649.85 off 12.32Voiume Ex-Wheat Pool Official Dies CALGARY (CP) John Mr. Turner spent 38 years in Henry Turner, 89, former gen-the grain buying industry and eral superintendent of the Al-the last 20 with the wheat pool, berta Wheat Pool, died here. He retired in 1948. TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OK SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) Molson's B Abltlbi Alcan...... Algoma Atco Ind Allan Sugar Bell Tel..... Brazil Trac B.C. Tel..... Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulost Cat Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Cdn Vlckers Chrysler CPR........ Comlnco Cons Bath Cons Gas DIst Sea Dom Brldga Domtar Dom Textlla Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb....... Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molson's A North, Cent 2U2Vi Pemblna Pp Power Corp Price Co Rothamns Shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtkn Pp Trans Can Pp Union Gas ____ Union Oil 1 15 Versatile Mfg 10.50 9 62'A Union Car jo'oo Weston's B 3 oo Woodwrrd's A West Cdn Sd Zenith Elec BANKS Can Imperial ie." Montreal 13.12'A Nova Scotia Royal 12.50 Tor-Dom 40.00 ,fS 20.00 14.75 9.00 5.75 40.01 13.00 55.00 7.50 35.50 15.50 3.50 6.75 4.75 52.00 6.75 22.00 55.00 23.00 Advocate Asb. Akaltcho es Mines Belcher Iron Black Bay Bralorne Broulan Bethlehem Brunswick 'u. 39.87'A casslar 17.67'A central Pat. 14.00 Chlmo 38.87'A Conwest 19.37'A Cons. Rambler 6.50 Coin Lake JS.12V4 Cochenour 11.37'A Cralgmont 3.50 -Dlckenson Mine 6.00 Denison Mines 4.50 Deer Horn 6.25 D'Eldona 16.00 Dome Mines 11. 12W Donalda 27.1 Discovery Mines 29.75 East Malartic East Sullivan 12.25 Falconbrldge 10.87VS Frobex....... 18.25 Flrsl Morlllmcs 6.50 Giant Y.K..... 10.62'A Gorldrum 15.25 Gunnar....... 21.50 Granduc 15.37'A Headway R.L, 18.75 Holllnger 20.12V-I Hud. Bay M-S 6 00 Hydra Ex. 1S'7S Highland Bell 8 12Vi lron Bay..... idler Quebec.' Kerr Addison Key Anecon Labrador Lake Shorn Leltch....... Langls Silver Macassa 'j'JJ Madsen R.L. Malartic G.F. Martin McNeely Maybrun..... 17.87% Maclntyra UOO Mcta 17.12% Midrim....... 19-75 intern Mogul New Athtfia New Calumet New Imperial Noranda Northgatfl Opemlska Oslsko....... PatifiO....... Pine Point Placer Dev. P.C. Exp...... Quebec Man Rayrock...... 18.37% Radlore 2.10 Rio Algom Roman Corp. 7.51 Sllverfields .90 Sherrift Gordon .15 Silver Miller Steep Rock 11.00 Siscoe........ 1.75 Tek Corp..... 25.75 Texmont .07 Upner ..68 Western Mines 31.00 Wright Har. w Willroy....... Windfall Yellowknlfe Br. Zenrnac...... 25.50 12.25 30.00 2.80 8.50 12.00 17.50 .09 1.50 1.50 .22 13.25 5.35 1.68 1.30 1.10 5.50 131.00 .24 1.05 7.75 3.15 .96 9.50 29.00 22.12% .16 3.00 2.50 1.39 .23 10. 37 'A .39 27.7S .08 Vi 1.35 1.03 .85 .18 145.00 .18 .33 .20 5.06 26.00 11.25 12.00 .30 29.00 35.M 32.00 .60 .17'A 1.15 .28 15.75 t.m 2.00 1.46 .05 3.20 2.10 i.65 .43 1.3! 3.85 1.80 1.52 .10 3.40 Six Killed In Accidents By The Canadian Press At least six persons were killed in accidents in Alberta during the weekend, all in traf- fic. Three of the deaths were In a one-car crash 'about 15 miles northeast of Edmonton. Those killed, all of Edmonton, were Barry Preeper and Richard Stewart, both 23, and Brian Stewart, 19. Hugh Horn, 22, of Calgary was killed when his car over- turned near Drumheller, Harry Homeniuk, 34, of Ed- monton was killed when his car overturned in a ditch about 20 miles east of Edmonton. The other Alberta death was a 48 year old woman whose name was not released. She was Hied when two oars col- lided at a rural intersection near Sherwood Park, a residen- tial district adjacent to south- east Edmonton. Livestock Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 475 head; mostly slaughter cattle of mix- ed quality. TYade was active. Slaughter steers and heifers were steady, cows were in good Construction Workers End Que. Strike MONTREAL (CP) Con- struction workers who went on strike in the wake of a labor dispute which broke out May 1 began returning to their jobs today following a weekend set- tlement of contract clauses. About construction workers, mainly in the Montreal region, had been involved in the walkouts. Negotiators for the Confedera- tion of National Trade Unions and the Quebec Federation of Labor, representing the work- ers, reached agreement Sunday with employer associations on union security and on the issue of union stewards policing job sites. This paved the way for the return to work. The strike paralysed construc- tion in the Montreal area and workers in other areas of the province also left their jobs in an effort to gain extension of contracts that expired May 1. The workers claimed they were without protection from contract infringements after their last collective agreement had ended. HACKED TO DEATH CALCUTTA (Reuters) Two Maoist Communists hacked an Indian villager to'death Satur- day night in nearby Kestopur and were taken to hospital under arrest after being beaten by the victim's friends, police said. demand st strong priced inJ no bulls were offered. Choice slaughter steers J1.7S to 32.10, good 30.50 to 31.50, me- dium 28.50 to 30. Good 28.25 to 28.75, medium 27 to 28. Good cows 23 to 24, medium 22 to 23, canners and cutters 19.50 to 21.50. Insufficient replacement cat- tle were offered to establish a were offered. Hogs base price 29.85. Hog Prices EDMQNTON (CP) Monday provided by the Alber- ta Hog Producers Market Edmonton: Quoted 89.55 to 29.75, selling 29.55. A v e r g Friday 29.55. Red Deer: Quoted 29.50 to 29.80, selling 29.50. Average Friday 29.56. Calgary: Quoted 29.73 to 29.85, selling 29.85. Average Friday 29.84. Lethbridge: Quoted 29.75, selling 29.75. Average Friday 29.70. Lloydminster: No market. Grande Prairie: No market. Sows at all points: 22.10. Total hogs sold to 11 a.m. 132, total hogs sold Friday 671, average 29.65. INTERIOR BREWERIES LIMITED CRESTON, B.C. DIVIDEND No. 49 NOTICE Is hereby fltven that a quarterly dividend of five cents (.05c) per share on the outstanding common shares of the company has been declared payable June 15, 1970, to shareholder! of record June 1st, 1970. By Order of Beard. A. M. Noxon Secretary-Treasurer. Creston, B.C. May 11, 1970 Now thai we've got your attention: Before you buy any new car, Value Drive a Chevelfe! Mid-size Chevelle. Big Seller. But why? Maybe it's economy, the standard 250 cu.-in. engine that goes on a little regular gas. The 350 cu.-in. engine that really goes, on regular gas. Maybe it's Chevelle's ride. Smooth. Full-coil springs individually matched to each Chevelle. Maybe it's the way Chevelle makes you feel. Pampered. Rich fabrics, supple vinyls, foam- padded seats and deep-twist carpeting. Of maybe it's just because Chevelle is a Chevrolet. Why is Chevelle a Big Seller? There's no better time than spring to take a Value Drive and see. Bargain time at your Chevrolet dealer's. No maybe's about it RIGHT CAR! RIGHT PRICE! RIGHT NOW! Enjoy the year-round comfort of GM four-season Climate Control AUTHORIZED CHEVELLG DEALER IN LETHBRIDGE -SEE YOUR LOCAL AUTHORIZED CHEVROLET DEALER- Beny Chevrolet-Oldsmobile (1959) Ltd. CORNER 2nd AVE. and STREET SOUTH, LETHBRIDCE, ALTA. PHONE 327-3147 ;