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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 28, 1970, Lethbridge, Alberta Thursday, May It, 1970 THE LETHBKIDGI HERALD Stock Market Soars Upward In Active Trade MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE TORONTO (CP) The T ronto stock market soared u ward in active mid-mornin trading today, giving investo a spectacular encore to a shar rally Wednesday. Grain Prices WINNIPEG (CP) Rape- seed futures remained high o a bullish trade at the close the Winnipeg Grain Exchang today. The surge of buying tha marked (he opening of tl grain exchange eased some- what towards the close, ever, as some profit-taking d veloped. The heavy activity was attn buted to the Canadian Burea of Statistics estimate that as o April 30, only bushe of rapeseed remained on f arm Flax had a light trade as o fers were thin with fractiona gains in all futures. Rye showed some .m a r k e strength, mostly on inter-mont p r e a d ing operations. Ther was some exporter inquiry levels below the market. Oats and barley continuec moderate, with domestic shij pers buying for eastern fee thiniKTDiti c North-Cent a ft INDUSTRIALS 6a7 Metro 4.00 A'co Ind Trns can Pipe 25.00 Aqualalne ia.50 Trns Cn P Pfd 36.00 Brit Nfld 3.90 Trns Can P Pf A 50.00 Cdn Brew A Pfd 30.87'A Trns Can P War 6.25 Cdn Brew B -Pfd 35.50 Westcoast Trans 11.75 Cdn Hydro Car. 9.62'A Western Pacific 3.85 22.00 "MUTUAL FUNDS.......... 7.87'A A.G.F. Special 2.05 2.15 Madrona 3.50 All Cdn Com J.98 6.54 New Cronin..... 3.50 All Cdn DiV 7.03 7.68 New Imp Mines 8.00 All Cdn Vent 2.99 3.27 okanagan Hell Gt Cdn Oil Sand 3.35 Amer Grow Fd 3.99 4.3B Primer Gt Cdn O S6-75. 96.00 Can Grow .....J.48 4.91 Pyramid Home A 11.87'A Cdn Invest Fd 3.74 4.11 silver Standard Home B 14.12'A Cmnwlth Int ..2.68 2.94 T.C. Explor Home Pllfld 2.00 Cmnwlth Lev .10.5811.59 Texmont Hud Bay Co 12.75 Corp Invest ,.4.56 4.97 Trolan Hud Bay Oil 32.00 Drey Fd U.S. 9.29 10.18 Western Mines Hud Bay Oil P. 44.25 N.W. Fin .....3.13 3.44 Westcoast Res Hugh Russ Pfd. 18.50 N.W. Growth .3.78 4.15 Western Explor Husky Oil 8.75 Grow Equity 5.46 Utica .62 15.25 2.50 2.65 6.51 .28 .21 Cdn Pac In Pfd CPR Ptd Cygnus A...... B Cum rrop Granisle Key Hy's............. Inter Brew Jericho.......... Kamloops Copper Lornex Lytton Minerals' Mt Washington yl .20 3.10 13.00 .39 5.25 3.55 .09 2.05 !.7S .12 .25 1.30 .40 .56 .64 3.75 .23 .21 .96 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OK SALE CONTINUE CLIMB MONTREAL (CP) .Prices continued to climb today on the Montreal stock-market follow- ng a strong rally which swept hrough North American mar- rets Wednesday. Highlighting advances, Fal- conbridge jumped 7 to 134, Vel- cro Industries 3Vt to 21, Hudson Bay Muling and Smelting 1% to 24, Walker-Goodernam 2% to 39H, Pacific Petroleum 2 to Sfk, Inco 2 to Cominco 0 2414, Industrial Acceptance 1 to 12% and the Hoyal Bank to IBM dropped 3 to 282 on a 20- share trade and Imperial Oil slipped 1% to On index, industrials were up 2.49 to 150.79, utilities .88 to 18.94, banks 3.35 to 155.06, the composite 2.26 to 145.54 and pa- pers 1.35 to 93.80. Combined volume on the Montreal and Canadian stock exchanges was shares at 1 a.m. compared with at the same time Wednesday. HARPLY HIGHER NEW The tock market was sharply ugher in early afternoon trade oday, but prices were begui- ling to ease. Volume was heavy. At noon the Dow Jones aver- ge of 30 industrials w a s up 3.28, or 2 per cent, to 676.48, after having been ahead more lan 18 earlier. Among Canadians, Mclntyre 'oraipine rose Inco 2, ranby Mining Walker ooderham 1% and Canadian acific 1. Massey fell On the American stock Ex- lange, Jupiter Corp. was up Scurry-Rainbow and rascan Ltd. Vt. 11 a.m. today supplied by the Alberta Hog Producers Market- ing Board: Edmonton: Your Taxes And Mine Comprise Is Offered In son indicated that icisms voiced so far. Some have read too much Minister's initial one headline si thrust of the Quoted 28.80 to 28.85, Selling 28.80. Wednesday average 28.80. Red Deer: Quoted 28.85, sell- ing 28.85. Wednesday average 29.26. Calgary: Quoted 28.85, selling 28.85. Wednesday average 29.48. Lethbridge: No sales. Wed- nesday average 29.05. Lloydminster: No sales. Wed- nesday average 28.65. Total hogs sold to 11 a.m. 438. Total sold Wednesday in the irovince Average 29.03. Sows at all points 22.29. Beef Futures WINNIPEG Winni- peg live beef futures market had small commission house trade Wednesday at five points over re previous close. Open High Low Close Tue. Jly 31.00 31.25 31.00 31.25A 29.92 29.25A 29.55 29.00A 29.55 legislation. He ihat much of fl positive. His ej ernment: "Both department are many, ture." ep lev Potato Futures WINNIPEG (CP) The Mari- tme potato futures market was active Wednesday with bids 1 five points over previous lose, but no offers. Open High Low Close Tue. 2.20B 2.15B 2.60B 2.60B ment's continuing to the original plan. There are two servers. One that Ottawa will sisting of a ity, is ____. 'minor adjustments, donment of specific which have been workable, and a sions to the alarmi iness community, tor TEST GAS FOR CARS TORONTO (CP) A Con- Timers' Gas Co. spokesir lid here the firm plans to test te use of natural gas as an utomobile fuel, following a nited States example which dicates its use reduces pollu- on by 90 pel cent. SPARE TIME INCOME Company requires iibls man or woman to re- ill snack vending machines with national brand products. Can net dependable person Excellent second income. Ap- ilicant must be honest, ener- !9tic, have serviceable car, 'evote 8 to 10 hours weekly nd be able to invesf 3 for Inventory and quipment. Routes establish- d. No selling. More info pro ided if your letfer contains etails on self. When writing lease include phone number. Sun way Distributing Ltd. uite 2100, Place de Ville Ottawa 4, Ontario pect. y few ii middle the these extremes that there, ASPER ng remarks to erejico in Otta Executives In Minister Ben hat the debate form proposals le and that the in mil be con-ced by the crit-) far. gatherers may nuch into CAUTTII1C3 UJal UKT will be a genuine compromise between the conflicting objectives of equity, economic growth, regional and individual redistribution of wealth, work and risk incentives, Canadian ownership of industry and the usual group of ideals the tax system seeks to achieve. Because of the intensity of the White Paper debate and the depth of feeflng generated averaging proposal, makes several valid proposa for removing objectionable fej tures of the new capital Bain tax system: The lawyers also propow tt> five year revaluation and ta. on public company b abandoned, that the tax disflnc tion between public and pr vately owned companies b. dropped in favor of taxing com pany dividends on the preseo al comments: gested that controversy, a true compromise is probably in the but increasing the divi dend tax credit system from 2 .peech was to lie revision of Canada, regardless of how much the cent to 25 per cent. As aj aid to small business the brie package. It dislike watering that the low tax rat "stand how the first of r that compromise is be retained but tha makes no one terribly tax thus saved should b< but leaves no one five years after it woul son did ssy was s had profited snce of sad. H that definition is acceptable, then perhaps otherwise become diie-H tax deferral rather than ta] in advatnce blueprint for acknowledged be debate the tax warriors lies in the adoption of the calculating business in come it warns against the pro [act words recently made to the capital cost allowanc ich the by the Canadian suggests modification influenced the government proposal fo association of resource industries and oi working suggested a number a compromise on the tai develop which might of trusts. The Ba] jof and positions of the major also rejects mud Although the Bar the White Paper plan foi ers he held doesn't pretend international income anc "there will for its several out that stricter enforce- Tiany, who the drafting down to earth attempt to fine ction of represents a broad of the existing law wouii some share and regional base most of the problems our tax many of concern the government tax Canadian Bar Associa r this brief is in itself a major he devoted law body suggests of the divergen cnatdon and liberal approach to of the legal fraternity. I jinal for low income not an original or novel ap- nent's the aged through a but, rather, represents spied them. system rather than realistic compromise be- chiefly the board increase extremes. si, the tone It suggests will not bring Joy to tha its the care and expense Paper's severest critics ig for employees will it satisfy its mos be increased. It calls for allies, but perhaps if predominant views held dispassionate approach to he deducibility of business from an independent, ob jective and fairly represents- ix reform and promotion group of tax knowledge- roup professionals, it deserves bow to refraining from consideration. ically on whether or Asper is a Winnipeg ler group, should be a capital sfcaTitial major-there will be its, an it points out that unless the op personal rates are dropped concurrently, there will SALES ific instances of fiscal tobacco market In High n proved It also calls for Fla., has annual sales i few conces-led small in the proposed about pounds. but in sub-lies of the CLASSES will be enact-3ian most AUTO HOME BUSINESS atchers fORSTf R rand Test drive an International and GET A BEAUTIFUL ROAD ATLAS But hurry, the supply is limited, so see your International dealer today STORE FOR RENT GOOD LOCATION ON Sth STREET SOUTH Suitable for ihoe itore or ladies' wear store APPLY! Stan's Men's Wear 321 Sth St. S. BOOKSTORE FRANCHISE AVAILABLE An unusual opportunity to own your own business in the Marathon Develop- ment in the city of Lethbridge. Applicants would need approximate- ly cash, must absolutely be reput- able and conscientious, with managerial ability, and a desire to conduct an inter- esting business with a future. Reply Box No. 27 The Lethbridge Herald or Telephone 242-4702 (403) Calgary The... MALL International Harvester SALES SERVICE 304 Stafford Drive, Lethbridge Phone 327-3125 ;