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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 2, 1970, Lethbridge, Alberta Market Declines For llth Session TORONTO (CP) Prices on the Toronto stock market were down for the lllh consecutive session in light mid-morning trading today. On index, industrials lost .IS to 161 93, golds, .22 to 178.07, and haso metals .20 to 93.81. West- ern oils gained .50 to 180.33. Volume by 11 a.m. was shares, compared with at the same time Friday. Wer-kcsl .vie hanks, beverages, merchandising and real estate. Chemical, pipeline ;nd oil .fining issues were fractionally higher. Dominion stores fell te to Resources 14 SIVt National Pete 15 cents I Falconbridge to CPR 1 to SCO, Alcan to ?201 Bell Canada to Cassia to Holhnger 14 to and Ranger 14 to Hudsons Bay Oil and Ga gained 'A to Inco Vi to 544 Trans Mountain Pipeline 14 t and Bankeno 10 cents t S4.35. PRICES MIXED MONTREAL (CD-Price were mixed in light tradin Grain Prices WINNIPEG (CP) Oilseed continued on an easier pric pattern but the trading volum was improved at mid-session o the Winnipeg Grain Exchange today. Flax came under heavy pres sure from elevator hedge offer ings but some exporter buying on the scale down helped offse some of the pressure. Eapeseed had elevator hedge offering and commission house selling pressure with exporter buying the scale down pat tern also hlepuig to offset som of the pressure. Oats and barley had a mod erately good domestic shipper buying for eastern feeders. Rye was showing fractions' strength on U.S commissio house buying. Friday's volume of trade was bushels of flax, 000 of rapeseed and of rye. Mid-sessions prices Flax: Nov. 2VS lower Dec. 2 lower May 2 lower 2.50VaB, July 1 lower 2.52A. Rapeseed Vancouver: Nov 2 lower 2.80, Jan. 63A lower 2.76A, March 4% lower May lower Rapeseed Thunder Bay: Dec. E% lower 2.46V4, April 6Vi lower Oats: Dec. 87A, May Va lower July not open. Barley: Dec. 11 higher J.27T4, May VB higher 1.27A, July not open. Rye: Dec. Va higher 1.0311, May higher 1.11. July not open. Unemployment: This Fellow Likes Idea TORONTO (CP) Israel's Labor Minister Yosef Alntogi says he wishes his country had some of Canada's unem- ployment problems. Speaking here during the convention of the Jabot Zion- ist Movement of Canda, he said; "I droam of one day hav- ing tlie same economic prob- lems of Canada.'In Israel our main problem is a great shortage of workers. We have over-employment." In Canada, governments are trying to solve rising un- employment. today on tin Montreal slock market. Industrials and the composite index were higher while utilities and papers de- clined and banks were sleady. Combined volume on ihc Montreal and Canadian Stocl; Exchangcs lo 11 a.m. was shares traded, compared with 3M.900 shares at the same time Friday Steel Co. of Canada Ltd un- clvrgcd at report-! an all-time quarterly high of in sales for (he three months ended Sept. 30. rcsulled in n net profit of or 54 cenls a share for the latest quarter, compared with a loss of last year. Canada Cement Lafarge Ltd. advanced to Interna- tional Nickel Vz to Husky Oil Vi to Canadian Interna- tional Power Co. to Hud- son Bav Minina and Siielt'n" to and Hudson Bay Co. to Falconbridge was off '.4 S142, Quebec Telephone Vi to Dominion Stores to Dofasco to CPH to Hollmger to and Canron Vi to On index, industrials climbed 25 to 165.32 and the composite index .09 to 160.89. Utilities dropned .40 to 136.72 and pr-oers .19 to 87.27 while hanks were steady at 170.44. WALL ST NOON NEW YORK (AP) Stock market prices continued lurch- ing sideways early this after- noon in slow trading. The Dow Jones average of 30 industrials at noon was off 0.13 at 755.48. Among Canadians G r a n b y gained to Inco 'A to and Genstar and Alcan !'a ;o and respectively. Massey wa off VI at On the American exchange Jupiter was up at and Scurry was off 14 at Shoplifting Neiv Course In School TORONTO (CP) Add sho- plifting to the unusual sub- jects being taught in school these days. Five students at Sheridan College in Oakville, were sent out last week to shoplift as part of a course in mer- chandising. Their teacher, Trig Hansen, said here that four of the Eve passed. The four stole more than in merchandise from a department store in less than an hour. One walked out of the store with a four-foot bird- cage. The only failure was caught with a stolen briefcase. Mr. Hansen said the experi- ment was conducted lo show he students the problems caused by shoplifters. No charges were laid be- cause the manager of the store had been told before- land. The clerks, however were not told. Sliuffleboard 'lam Planned PEMBROKE, Ont. (CP) liuffleboard International Ltd. Saskatoon will begin con- Tiiclion of a plant here i December, it was announced jday. The firm produces shuf- eboards and other recreation It received a deral incentive grant for the emkroke plant. LIVESTOCK Lethbridge Livestock Al'TISIlNOON SALE Calgary Livestock CALGAIIY (CP) On offer to 11 a.m., about 525 head; mostly slaughter steers and cows. Trade was active. Slaughter steers wnrn steady willi heavy kinds discounted 50 cents to Heifers were scarce willi no choice kinds offered. Cows were mostly medium and earner kinds at uneven prices. Choice slaughter steers 27.75 to 28.40, good 20.75 lo 27.50, me- dium 2G to 26.50. Good heifers 25.75 to 2U.50, good 24.75 to 25.50. Medium lo good cows 18 to 20.50, canncrs and cutters 13 to Insufficient replacement and stock calves offered lo estab- lish a market. Hog base price 23.15. Macleod Livestock FORT MACLEOD On offer for the week were cattle and calves. The market was stronger by 50 lo 75 cenls on feeder steers and heifers, steady trade of slaughter cows. Feeder