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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 3, 1970, Lethbridge, Alberta Stock Market Up Fractionally TORONTO (CP) The To- Montreal and Canadian Stock Gi ronto stock market was up frac- tionally in light mid-morning trading today as it entered its second consecutive advancing session. On index, industrials rose .23 to 162.83, goHs .47 to 17S.5-1 and western oils 2.86 lo 102.93. Base metals dropped .28 to 33.K. Volume by 11 a.m. was shares, up from ;it the same time Monday. The market posted a moder- ate advance Monday, interrupt- ing an 11-day losing streak. Trading Monday was the slowest since Aug. 10. Gains outnumbered losses 99 to 81 with 180 issues unchanged. Among advancing issues, Dome Pete was up to S78, Phillips Cables to OSF Industries Vi to Guaranty Tri'Sl lo Pacific Pele to and Inco la lo Domlar dropped -le to 513, Eherritt lo 510VB, Roman 55 cents to Seagrams to and Rio Algom Vi to TRADING MIXED MONTREAL (CP) The Montreal stock market was mixed in brisk morning trading today. Industrials, utilities and the composite index advanced while papers and banks de- clined. Combined volume on the Tampered Rail Switch Blamed For Accident PEMBROKE, Ont. (CP) A partly open railway yard switch that police say had "been tamp- ered with is blamed for a derailment of a westbound CNR freight train shout 200 yards from the station here Monday night. No injuries were reported in the derailment which cut the transcontinental mainline of the railway. Pembroke city police said a switch had been somehow tamp- ered wits as the 90-car Ottawa North Bay freight entered tie station about p.m. The CNR's transcontinental passenger train, the Super Con- tinental, had to be diverted to CP Rail (rack on its trip west from Ottawa. Exchanges to 11 a.m. was shares traded, compared with the shares that changed hands Monday. Southam Press dropped to Canada Malting Co. to Hudson Bay Mining and Smelting to Rio Algom to Domlar to and Alcan to 52014. Aquitaine climbed Vi to CPR to SGlli, Cam-on to Husky Oil Vz to and DuPont% to On index, industrials ad- vanced .33 to 160.03, utilities .21 to 137.16 and the composite index .19 to 161.45. Banks dropped .83 to 170.27 and papers .53 to 82.21. IVALL ST NOON NEW YORK (AP) Stock market prices continued their rise eariy this afternoon in a relatively listless election day rally. Trading was moderate. At noon the Dow Jones aver- age of 30 industrials was up 5.27 at 763.28. Advances outnumbered dec- lines on the New York Stock Exchange by more than 2 to 1. Alcan was up Ve to S20 and Canadian Pacific gained Vi to among Canadian issues. Distillers Seagrams was off Vi and Mclntyre Porcu- pine IVi lo 5159. On the American exchange, icurry Rainbow added ]A to Canadian Javelin V, lllli and Brascan to jowei's included Jupiter Corp. off Vi to and Molybdenite down at ram Frices Winnipeg Grain WINNIPEG (CP) Trading was extremely light in all com- modities with most activity in (he oilseeds al mid-session on the Winnipeg Grain Exchange today. Flax was on a buoyant pat- tern despite heavy hedge offers and moderate exporter buying. Rapeseed also tad exporter buying uui heavier hedge offers wilh less commercial support. Domestic shippers were buy- ing oals and barley for eastern feeders. Rye had a Hide inlcr- monlh spreading. Monday's volume of trade was bushels of flax, of rapeseed and of rye. Mid-session prices Flax: Nov. Vi lower 2.44V-.B, Dec. Vs higher 2.40VzB. May higher 2.51 !'SB, July high Rapeseed Vancouver: No higher 2.8fRiA, Jan. Vt hig er 2.79B, March unch May lower Rapeseed Thunder Bay: De "t higher April unc 2.5314. Oats: Dec. Vt lu'gher 87, Ma unch 84, July not open. Barley: Dec. unch 1.27V May unch 1.261'i, July not ope Rye: Dec. unch 1.Q3V-, Ma unch July not open. Prices for class two for export to countries outsit 1GA: 1 nor 2 l.TaVs; 4 1.68; 1 Durum 1.8114 2 1.7814; 3 1.6954: 4 IG prices: 1 nor 1.8014; 2 1.7814 3 1.735i; 4 1.68; 1 Durum 2 1.7814; 3 1.69C; 4 Graun quotes Monday (basL High Low Close Flax Nov 2471-i MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Dolierty, Roadhouse and McCuaig) LAST BID Oil SALE (11-00 a.m. OL'otea) a.m. Quotes) WESTERN OILS Almlnex Asonicra Band B. P. OH Can Soulh Cdn Exp Gai CcJn Home Cdn Long li Cdn Super Cent Del Rio Charter ChleMan Dynam Poto Grcal Plains Mill Cfly New Cont Numcc Permo Kom Kotln 5.55 Lake On) Pt Cfl Mcnlor Newconex 5-05 Pac Pole Rank Organ 4.iO Shell Inv 6.65 Shell Inv Pld 6: Shell Inv WIs Sicks Rn 6.00 37.00 16.00 37.50 30.75 T3.B7W 240 230 2511-i Markets Open NEW YORK (AP) Major U.S. stock markets were open for trading today on election day but banks and some com- modities exchanges were closed. In Chicago, the Board of Trade was closed. Conductor Quits AMSTERDAM (Reuter) Conductor Bernard Haitink of The Netherlands Concertge- bouw Orchestra walked off the stage during a concert here, complaining the audience was noisy and not listening. The 8 man orchestra followed him. Dec May Jly Rapeseed Vancouver Nov 282 TiTfi Jan 277% 273 2733i Mar 264 260% 260% May 257 253 vi 254 Rapcsecd Thunder Bay 244H 240% 2505J 25 Hi 27IHJ Dec 247 Apr 257 Oals Dec 87 May 84 Jly Barley Dec Slay 127VB Rye Dec May 10314 11U4 245 y treaty from: -Fisliing for salmon in the eastern Pacific and in the Ber- ng Sea east of 175 west longi- ude. halibut in the north- eastern Pacific south of the Aleutian Islands and the Alaska peninsula. herring off most parts of British Columbia. The United Stales and Japan will begin separate discussion here Nov. 9 on possible renewal of the U.S.-Japanese agree- ment on king crab Fishing. Potato Prices WINNIPEG (CP) The Mari- (he potaloe futures market was inactive Monday. Open High Low Close Nov. 2.25X Mar. Apr. u.'70N May ;UOB i Irot Pinnacle Place Gas Ranger Scurry Rain Spooner West Decolla fllco InSus Aqudlalm Bril Mild Cr> Cdn Brew A Cdn Drew B Cdn Hyd Car Cdn Pac Inv CPR Pfii rSI P- CJ wi 4 Home 0 A Home Oil B Home and Pit Hud Bay Co Hud Day Oil Hud Bay oil Husky oil Husky Oil War Inl Pro Plpa Inter Steel Jell Lake Joulel Kaiser Res 10.JO West Ciln Sd 2.55 6.25 While and Yuk B.OO CALGARY 1.15 Acroll 1.45 37.25 Anac Pele .Ofl'A I 81 Barons Oil .Q7Vi .90 North Conl .03 7.dO Plains Pele .76 West Warner Madison 39 Rexdalo .10 PIPELINE STOCKS Alia Oai Tr A 45.50 Alia Gas (Nal) Cdn Weil Nat Gas 14.75 Inland Nat Gas 9 P7'A Norih Cent 13.00 Norin-Cent B Pf Gat Met PI A cl.CO Trans Can Pipe 19.75 4.90 Trans Con Pp Pf 3B.SO jQ.OO Trans Can P Pf A 34.62W Trans Can Pp War 10.00 14 37'A Trans Prairie Pp 11.50 Wcst Trans 19.42Va 8.75 Weslern Pacific 4.9S MUTUAL FUNDS '..17 .77 1.26 33.6? V'a 2.30 5.55 m. Quoits) Invest WiJt .'.83 IOS Venl 3.52 Acm Fund 4.65 i. Mut Grow Fd 4.0f 4. Mut Income J.O) A.' Nal Resources 7. N.W. Finance 3.50 3.1 N.W. Growih Princl Grow Provid Mut Royrund United Acm n.v Unl Savings 6.4 VANCOUVER Anuk Arcllc Mining Atlas cxpior Bethlehem Cop Bornlle Rldpe Block Brother! Brcnda B.C. Sugar B.C. Sugar Pf Copt. Inter Churchill Cop Columbia Cel Cornslion Credit CresllJroofc For In Croyden Dolly Varden Dynasly Tori Rellanca 4.26 3.59 3 5.p; 6.: 4.77 A.' .10 .70 .M K25 .13 3 00 B55 15.75 3.10 6.M 1.15 7.CO .32 .50 6.00 AG SPecal All Cdn Co A" Ca" Dlwld AM can Venl Kj' B Interior BreK. JJ" in 20.00 21.00 Cdn Invest Fd J.10 4.50 Aer Krml Fd AJO AM 5.0S i.S4 34.J5 il.m 12.25 4.50 12.35 6.25 950 1.24 7.00 collecl Mut 5.29 S.81 Cmimlllr Inter 11.24 12.32 Cmnwllh Lev 2.B5 3. 43 Corp Invest 4.BB 5.34 Corp In 5fh Fd 4.51 Drey Fd U.S. 10.39 11.39 Grow Equ ly 5.55 6 09 rirp In Share 3.20 3.32 Invest Grow 9.53 10.48 4.J1 7.12 Kamloopj Copper e-" Lyllon Minemli Niw Imp Mlnei Okanagan Heli Primer Pyramid Silver standard Tcxmonl Trofdn Western Mines West Resources West Explor Ulica TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada o.m. Quofca) LAST BID Oil SALE a.m. Quuies) a.m. Quotes) KEYS TO THEFT BALTIMORE (AP) Since Oct. J3, Baltimore policemen have checked almost an- lomohilcs "and found more than wore with keys In the ignition. Begin-! ning Nov. 15, as part of Hie j Your Car Campaign, mo-1 (orisls who Icrvc ke..s hi (.heir cars will he issued (raffle sum- monses and .be subject to a fine. INDUSTR Ablllbi Alcan AI go me Sleel AIco Ind Allan Sugar Bell Tel Bra Tree B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemccll Col Cellulose Cal Power Coron Credit .CWN Gas Cdn Indust Canada S S Cdn Marconi Cdn Vlckers Chrysler CPR IALS 7.25 20.10 12.62Va 9.50 7.00 14.50 59.12 >A 8.50 23.50 15.25 J.25 7.25 4.00 6.50 24.00 1.15 11.12 W 9.15 3.25 7.50 2S.OO Molsons B North, din Pembina Pp Power Corp Price Co Rothmans 51 Law Corp Shell CDA Simpson's Simp Sears SI eel of Can Selkirk A Gp A Trans Win Pp rrans Can Pp Union Gas Union OH Versallle Mfg Weslecl Union Car Weslon's B Woodward's A Wesl Cdn Sd u.25 13.00 21.75 5.50 7.50 1900 33.75 16.12'A 21.iO 11.00 35.50 9.00 IB. 37'A 5P.75 11.50 3P.OO 3.55 9.50 15.50 33.50 16.00 2.55 ESS( Falconbridoe Frobex Flrsl Marllimei Giant V.K. Gunnar Granduc Headway R.L. Hollinger Hud. Bay M-S Hydra Ex. Highland Bell Iron Bay Jollef Quebec Kerr Addison Key Anacon Lake Short? LeHth Langls silver Macassa Madsen R.L. Malar-lie G F. Cons Gas Dist Sea Dom Bridg. Domlar Dom Texllle pa a L r ff ?rin m Gen Gen Alolors r i. nif rn P Gull Oil Cda Hawker Hiram walk mpena Imperial Tob Inl Nickel Int Pipe Inv Gp A Int Ulililics Indusl Accept Laurenlida Kelly Doug A Loeb Loblaw A Metro Slores Masscy Ferg Bice Moore Corp Molsons A 17.6'iVi Can Imperial Mnnlreal 15.50 Nova Scotia 13.25 Royal 11.25 Tor-Dam -'A MINES Acme Advnc.le Asb. Area IB 37V, 22.25 19.37Vi rn. P fc B 1.95 -H" Brunswick Canada Tung 11.50 Cassi5r 1J.37IA Central Pat 45.75 chimn r 24.62W conwesl 7.12W Cons Rambler aZ.KViColn'Lak. 15.00 Cochenour 4.95 cralomonl Dickenson Mlnej 4.50 Denlson Mines 5.50 Deer Hern 25.00 D'Eldons Dome Mlncj 23.00 Donalda JD.50 Discovery MheJ 12.8714 East Malarllc Northpal. Opemlska Osisko Palino 1 40 placer Dsv- p.c. Exp. 1400 Quebec Man J 75 ,s Radiore Rio Algom Roman Corp. Silverllelds Sherrlll Gordon Silver Miller Sleen Rock Slscoe Texmont UPPer Canada Weslern Mines Wright Har. Wlllroy windlall I 30 Br. 1.50 Zenmac 3.15 ,2JO 2 V( 11 CO B7 ]5 59 9.50 1.40 13.50 09 1 1' 64.00 .35 1.05 9.70 1.25 7.CO 9.00 3S.M 1U7VJ .20', a 3.00 3.10 !21 11.37ft .30 33.00 U2 ,07 1.13. .17 ,if 2 L" 9.40 11.50 .50 2.00 3.EO 1.3d .13 4.95 10 NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amer T and T Anacnnda Beth Steel Chrysler Comsaf Dupont General Molors Gulf inl Harvester Copper 44.U Monlgom War-1 30.12'A Sears 21.50 Std Oil ol N.J. 25.50 Texas Gull 47.25 Texas Co. 119.00 Woolworlh Wcsling Elcclric U.S. Steel 33.1214 TORONTO AVERAGES 26.35 20 Ind 143.46, up .C4 3J.B7W !J Golds 17S.BD, up .73 68.35 10 Base Met 93.12, off .SB 69.50 15 West Oil 163.41 Up 3.H 115.75 Volume NEW YQBK AVERAGES 32.62V3 30 Inds 763.28, up 5.27 20 Rails 1J7.63 up 29.67Vi 15 UI1I 107.i2, up .60 65 Slocks 2J3.J3, up 1 Si Volume LIVESTOCK Lethbridge Livestock LcthbridRc Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 170 cattle and calves. Receipts mostly slaughter cattle. Trade active. Good and choice butcher steers meeting very good demand prices 25 cents or more higher. Good nnd choice butcher heifers scarce and selling steady. Medium and good cows meeting only fair demand prices no heller than steady. Medium and good stocker and feeder slcers and stock calves meeting keen de- mand. Prices 50 cents or more higher. Choice sleers 28 to 28.50; good 27.50 to 28; medium 2G to 27. Choice hcifera 2C.50 lo 27; good 26 lo 2C.50. Good cows 20 to 20.75; me- riiun; 18.50 lo 19.50; earners and cullers 1C to 18.50. Good heavy feeder sleers fiver 900 Ibs 2R lo 23.50; me- dium 20 lo 27.50. Good light stock steers 32 lo 35. Good slock steer calves over 400 Ifos. 38 to 39.50. Good stock heifer calves 30 to 34. Butcher hogs sold Tuesday f.o.b. Lethbridge 22.40 base price. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about head; mostly slaughter steers and stock calves. Trade was active and. strong. Slaughter steers vere 50 cents higher, heifers 25 lo 50 cents higher, ccnvs nnd bulls steady. Choice slaughter sleers 20.25 lo 29, good 27.25 to 2S, medium 26.25 to 27. Clioice heifers 27.25 to 27.80, good 26.25 lo 27, me- dium 25.25 to 26. Good lo me- dium cows 18.50 to 20.50, can- ners and cutlers 13 lo 17. Good bulls 22 to 23.70. Replacement catlle were scarce wilh most offerings stock calves which met a good demand at steady prices. Good feeder steers weighing more than 750 pounds 28 to 30. "ood feeder cows 18 to 22, good slock steer calves 37.50 lo 0.50, good stock heifer calves 1 to 34. Hogs base price 22.40 Tunidoy, Novomrm J, 1970 THE IETHBRIDGE HCP.MD 13 Combustion Engine Rights Purchased NEW YORK CAP) General Motors Corp. has announced agreement with three other firms to fl million licensing deal in which the nuto-makcr would acquire worldwide rights to manufacture and sell Ihe Wankel rotary combustion en- gine. General Motors said Monday Hie proposal, entered upon wilh Curtiss-Wrighl and the West German firms of Audi-NSU and WankeJ GMBH, would facilitate GM's "further intensive re- search and development of tlw Wankel rotary combustion en- gine to determine whether it is suitable for GM automolive ap- plication." The tentative agreement. Cur- j liss-Wright said in a parallel an- nouncement, would license GM j to build and sell the engines for i all applications oilier than in aircraft on a worldwide, non-ex- clusive basis. Curtiss-Wright re- Egg Prices EDMONTON (CP) Week- y egg and poultry report is- ued by the Alberta Depart- ment of Agriculture: Eggs To producers A arge 39; A medium 33; A mall 16; B 19; C 6; cracks 6, 'o retailers A 50 to 51; V medium 44 to 45; A small 7 to 20; B 31 to 33; C 21 to 22; racks 21 to 22. To consumers in A large 55 to 56; medium 51 to 52; A small 3 to 36. Poultry To producers jive No. 1 chicken Broilers, 914. Fowl Under 4, 5. TUT- ey Under 12, 2515; 12 to 18, 514; over 18, 24. Live No. 2 17. Mer 12, 12 to 18, 2214; VT 18, 22. Oil Quotas Removal Forecast TORONTO (CP) The United States will eliminate quotas on Canadan oil "within (lie nesl year or the To- ronto Dominion Bank's re- search department predicts in its sixth biennial study of the petroleum industry. The bank study says Canada should not rush into a continen- tal energy policy. The study projects produc- tion through 1975 and says Can- ada's self-sufficiency in petrole- um will increase substantially, due in part to increased com- petition from natural gas and electricity. Projections in t h e research paper include predictions that by 1975: T o t a 1 production "could easily exceed .2 million barrels per day" compared with pro- duction of about 1.3 million bar- rels a day last year. Exports vviU total more than 1.2 million barrels a day. Exports averaged bar- rels a day last year. demand will in- crease at an annual compound rate of 4.5 per cent to about 1.7 million barrels a day, or 000 barrels a day more than the demand during 1969. Beef Futures WINNIPEG (CP) Some contracts were executed in the March future but other monliis liad only bids wilh no offers on Hie Winnipeg live beef futures market Monday. Open High Low Close Nov. 23. GOB Jan. 30.00N Mar 30.30 30.30A DIVIDENDS Dollar Value By CANADIAN PRESS Weslern Canadian Seed Pro- cessors Ltd., five cents, Dee. 11, record Nov. 19. (lie right lo license manufacturers in North Amer- ica, it said. The rotary engine was .scrihcd as u potential reliever of automotive air pollution. I'.'. .size and are only one- third to one-half Uiat of conven- tional engines nf Ihe same hor- sepoiver, Jl utilizes non-leaded fuel, is "uniquely responsive tn pollution-control devices" and has per cent fewer parts than a eonvcnlional internal combur- j (ion enpinc. Cnrd'sP-WriRht said, I Two-Bushel Wheat Quola Announced WINNIPEG (CP) The Ca Jiadiaji board has an- jnoimccd a general quota on 'wheat of two buslrcls per quota acre effeclive immediately Ln [27 Prairie shipping blocks. The new quota tor these ship- j ping blocks applies to all of wheat and reduces Ihe ad- j vance quota on durum wheat lo ione from three bushels in the listed shipping blosks. In addi- tlion lo pel-milling the delivery of durum and lower grades ol wheat, the new quota will per- Imit the dcliverj- of Nos. 1. 2, I and 3 northern wheat by produ- jcers who have not Ukeu full j advantage of Ihe advance quota. Any deliveries previotLSly made under any advance quotas for wheat will be applied against the general quota. The new general quoU Is be- ing announced at this time by Ihe board to provide continuing supplies of No. 2 and No. 3 northern wheal in forward posi- tions to meet sales commit- ments. The blocks affected by the change in quotas include Brooks, Calgary, Red Deer, N.A.R. East, Edmonton Edmonton Edmonton Hanna 'West.1 G.S.L., and N.A.R. West. MONTREAL (CP) U.S. dol- lar in terms of Canadian funds down 3-32 to Pound ster- ling down 14 to 52.44 1-16. Serving you with INTEGRITY STABILITY EXPERIENCE For over 60 ysan Wa write nil of INSURANCE and can save you MONEY SEE US SOON- A conlinyoui family enterprise for 60 706 3rd Ave. S., Phone 327-3793 Hog Prices EDMONTON (CP) Price 11 a.m. today provided by the Alberta Hog Producers arketing Board: Edmonton: Quoted 22.25 to 2.45, selling 22.25, average onday 22.54. Red Deer: Quoted 22.25 to 22.30, selling 22.30, average onday 22.75. Calgary: Quoted 22.35 to .50, selling 22.40, average onday 22.85. Lelhbridge: Quoted and sell- g 22.40, average Monday .76. Lloydminster: No market, verage Monday 22.25. Total hogs sold to 11 a.m., .116. Sows selling 13.05. Total hogs sold Monday 2. average 22.61. USUALLY DIE When bamboo blossom and produce a heavy crop of seed, the parent plant usually dies. AMALGAMATED PROPERTIES LIMITED Dividend Halite No. 39 Nolice ii hereby given lhat the Board of Dircclori of this Company has declared a quarterly dividend of one und one-half cents (IVic) share payable on November 12, 1970 upon the ailtstand- ing capital slack of the Com- pany to be paid lo Register- ed Shareholders as of record, October 30lh, 1970. Doled al Calgary, Alberla this 23rd day of October, 1970. By Order of the Board Amalgamated Properties ttd tlONEL AlBERSTAT, Secretary. FOOD SERVICE RESEARCH TECHNOLOGIST Tho lucwisful candidate will coordinate a ijx month pilor project designed lo develop and research menus, recipes, and techniques to be used in estab- lishing a hospital frozen and chilled food (reconslilu- fionj dietary service. Three experience wilh a knawledgs of materials and methods used in preparing on a large scale, and a diploma from an acceplable food service Irainrng program is desired. An allroclive itarling salary is available along with all fringe benefilj. Pleoje reply wifli o resume of to ih. Pnnonnol Officn University of Alberta Hotnitc! Edmonlon. Alberta HOMEOWNERS Get the money you need, with a mortgage loan to: PAY OFF OLD DEBTS If monthly payments on old debts are too high, let us help with a mortgage loan, with monthly payments to fit your budge: REMODEL YOUR HOME Build on that extra room, remodel your kitchen, put in a recreation room MAKE MAJOR PURCHASES such as a new car, boat or trailer For fast service, favourable terms on mortgage loans, call on Canada'i number one financial services company, where skilled, helpful counsellors are al your service. FINANCIAL. SERVICES "We Believe in You" Street South......, 327-3107 or call the Avco Office near you Mortgage Mgr. Avco Financial Services I would like more information about your mortgage loans Address Phone ;