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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 9, 1970, Lethbridge, Alberta Toronto market slightly lower TORONTO (CP) The To- ronto stock market was frac tionally lower in light mid morning trading today. On index, industrials were down .04 to 163.57, golds .16 to 178.49 and western oils .04 to 182.311. Base metals climbed .22 to 92.77. Volume by 11 a.m. was shares, compared with at the same time Friday. Losses outnumbered gains 91! to 74 with 1G3 issues unchanged. Among losing issues, Weld- wood was down to Rank Organization to Shell Canada to Acres Ltd. Vt to Preston 20 cents to Chieftan 25 cents to BP Oil and Gas 15 cents to and Great Plains V4 to Moore was up to Consumers Distributing Vt to Bartaco to Alberta Gas Trunk to Inco 14 to Noble 25 cents to Cassiar Is to and Numac 10 cents to TRADING LIGHT MONTREAL (CP) Prices were mixed in light trading in today's morning session on the Montreal stock market. Banks and utilities registered gains and the other sectors moved Jower. Combined volume on the Montreal and Canadian Stock Exchanges to 11 a.m. was shares traded, compared with shares at the same time Friday. Among industrial issues, Vel- cro rose to Moore Corp. to Calgary Power to International Utilities to and Consum ers Gas 14 to while Canada Cement Lafarge Ltd. declinec to Distilers-Seagrams V lo Domtar H to Con solidated Bathurst Vi to and Price to Among senior mines and oils Noranda was off 14 at am Texaco Canada Vt to TransCanada Pipelines a d vanced to Banque Canadienne Nationale rose V> while Bank of Com merce dipped to On index, utilities climbed .1! to 138.46 and banks .10 to 170.42 while industrials were down .37 to 166.84, papers .38 to 83.33 and the composite index .22 to 162.30. MOVES AHEAD NEW YORK (AP) The stock market, apparently buoyed by the report that Gen eral Motors and the United Auto Workers Union had entered into non-stop negotiating sessions moved forcefully ahead today in moderate trading. At noon, the Dow Jones aver- age of 30 industrials was up 4.45 to 776.42. Advances ran ahead of dec- ines by better than 3 to 2 among issues traded on the New York Stock Exchange. Most brokers said the General ilotors strike and negotiations o end it dominated market con- siderations. Even though the ef- ects of the strike would be felt or the rest of 1970, some ana- ysts said an early settlement would be an incentive to inves- ors. Steels, rubber issues, air- crafts, electronics, were ahead. Livestock report Calgary livestock CALGAEY (CP) Receipts today to 11 a.m., about 800 head, mostly slaughter steers and cows. Trade was active. Slaughter steers sold steady heifers were scarce and steady Trading on cows was unevenly steady with quality and condi tion considered. Bulls were steady. Choice steers 28.75 to 29.50 good 27.75 to 27.80, medium 27 to 27.50. Choice heifers 27.60 to 27.80, good 26.50 to 27.25, me- dium 25.50 to 26.25. Medium to good cows 18 to 20.25, canners and cutters 13 to 17. Good bulls 22 to 24. Replacements were in short supply being mostly calves anc medium to good steers. Good feeder steers 7SO pounds up 28 to 31, good stock steer calves 400 pounds up 38 to 40. Gooc stock heifer calves 31 to 33.50. Hogs base price 22.05 to 22.20. Portland Livestock PORTLAND (AP) Cattle and calves compared last week and a year ago. Slaughter steers small lot good Ibs. 25.00, other good to Ibs 23.00 to 25.23; slaughter heifers few individu- RECORD SAFES INSULATED FILES MONEY CHESTS als standard and good 21.00 lo 24.25; slaughter bulls commer- cial 24.50 to 28.00; vcalers gond and choice 38.00 to 4100; slaughter calves; good and choice 25.00 to 29.00; feeders few lots choice 410 to 460 Ibs steer calves 32.40 to 35.00; good 25.75 to 32.00; steers few lots choice 550 to 672 Ibs 27.25 to 31.50; heifer calves few lots choice and prime 282 to Ibs 30.10 to 30.60, most good and choice 300 to 480 Ibs 25.00 to 29.25; heifers, choice 500 to 700 Ibs 24.75 to 27.00. Hogs 210; barrows and gilts No. 1 to 2 200 to 239 Ibs 17.00 to 17.30, No. 2 to 3 190 to 243 Ibs 16.00 to 16.85. Sheep 395, slaughter Iambs choice and prime 90 to 113 Ibs 26.00 to 27.00; feeder choice and fancy 67 to 85 Ibs 26.00 to 27.25; bucks 75 to 98 Ibs 18.75 to 20.25. Grain prices Winnipeg grain WINNIPEG (CP) Con- tinued exporter buying in rape- seed continued into mid-session of the Winnipeg Grain Ex- change today. There was a heavy volume of flax trading but prices were on an easier pattern. Rye had some exporter buying and ad- vances were fractional. Oats and barley were steady with a light domestic shipper trade. Confirmation was received over the weekend of the sale of bushels of rapeseed to Japan and bushels to Italy. Friday's volume of trade in- cluded bushels of flax, of rapeseed and 000 of rye. Export loadings of Canadian Wheat Friday included bushels to China. Mid-session prices Flax: Nov. 1 lower Dec. 1% lower May lower July 1 lower 2.56V4. Rapeseed Vancouver: Nov. 3% higher 2.87A, Jan. higher 2.55A, March higher May higher Rapeseed Thunder Bay: Dec. IVi higher 2.49A April 1 higher 2.58A. Oats: Dec. unchanged 87A, May, July not open. Barley: Dec. higher V28A, May lower 1.23, July not open. Rye: Dec higher May higher 1.14UB, July not open. IMPORTANT EXPORTS Copra and ,b7nna exports reduce most of the income in lie South Pacific island king- om of Tonga. Blocking Ryerson sale looms as possibility TORONTO (CP) The possi- bility of cancelling the sale of Ryerson Press to an American- controlled publisliing house was raised Sunday night by spokes- men for both parties involved. The sale of Ryerson Press, owned by the United Church of Canada, to McGraw-Hill of Can- ada Ltd., was announced last Monday. Rev. Frank G. Brisbin, secre- tary of the church's division of communication, which is re- sponsible for Ryerson, laid the ultimate responsibility for the sale on the doorstep of the On- .ario government. 'We must deal with Mc- Graw-Hill in good faith, but if the government was prepared to use its "good offices" to bring together church representatives and any other Canadian pub- lisher interested in making "ab- solutely firm offers, we most certainly would be available for discussion." John F. Macmillan, president of McGraw Hill, said he would "most certainly" be willing to discuss scrapping the purchase Dollar value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds was steady at 3-32. Pound sterling down 1-16 to NEW YORK dollar down 3-C4 at 97 23-32 i: terms of U.S. funds. Pound ster ling down 3-32 at 7-64. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhause and McCuaig) LAST BID OR SALS a.m. Quotes) a.m. Quotes) a.m. Quotes) WESTERN OILS Almlnex lanff BP Oil Gas Can South Cdn Ex Gas Ashlands Cdn Homestd 5.40 15.75 12.00 5.10 4.30 .1.55 9.25 7.00 Jefferson Lake Joutel Kaiser Res L Ont Port Gem Mentor mex Cdn Ind Gas OH 10.62'A Cdn Long is Cdn Super Cent Del Rto Chieftan Dynamic Pete Fidins "jllll Cily lew Cont lumac 'crmo 'etrol Gas Danger Rain Spooner W. Decalta .34 35.75 10.75 7.40 1.15 2B.OO 1.85 .8fi 7.B5 24.50 2.11 5.65 Pacific Pete Rank Org Shell Inv Shell Inv Pfd Shell Inv Wts Sicks Rainier West Cdn Seed CALGARY 9.6m Gr Equity 5.52 fi 0 1.26 Gr In Shares 7.79 S.5 7.75 Invest Mutual 4.79 5.2 2 00 IDS Vent 3.29 3.6 .50 Mutual A3c F 5.S5 Mutual Gr F 27.50 Mutual In N W Fin 3.50 3.8 32.00 N W Gr 4.28 A.I 32 00 N W Equity 4.77 5.2 14.87Vi Principal Gr 3.57 3.? Regent Fund 7.7! 2.70 1.40 .10 Royfund United Ac Universal Sav .21 r 4.9. MISCELLANEOUS INDUSTRIALS Atco Ind 9.13Vi Aauataine 2J.OO Blit Nfld 4.95 Cdn Brew A Pfd 30.1 Cdn Hydro Car Cdn Pacific Inv CPR Pfd Cygnus A !ygnus B !um Prop Home A Home B Home Pitfld Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd 50.00 Husky Oil 12.12'A Husky Oil B Pfd 39.50 Oil War 6.35 Prov Pipe ill Utll Pfd 2B.75 nler Steel Plpa 14.12V4 22.00 8.50 4.dO 5.75 11.62''2 21.62VJ 22.00 1.B5 15.00 36.75 Ana Pete VANCOUVER Barons Oil ___ North Cont -03 Arctic Mining Plains Pete 39.50 Explor West Warner .41 Copper Madison .27 Bornite Ridgn Rexdale -10 Block Bros PIPELINE STOCKS Brenda Alta Gas Tr L A -16.75 B.C. Sugar Alta Gas Tr L Pfd 72.00 Capt Inter Alta Gas (Nat) 23.10 Churchill Copuer Inland Nat Gas Credit N and C 13.50 Croyden H and C B Pfd 27.50 Dolly Varden Gaz Metro 5.00 Dynasty Tr Cdn P 31.75 Giant 'Mascot Tr Cdn P Pfd 39.B7V4 Granlsle Tr Cdn P Pfd A 59.50 Key Indust Tr Cdn P War 11.75 Growers B Westcoast Tr 19.67W Hy'S Western Pacific 4.75 Inferior Brew MUTUAL FUNDS Jericho AGF Special 2.20 Kamloops Copper .16 All Cdn Com 6.59 7.20 Lornex 6.bO All Cdn Dlvld 7.63 fl.34 AAadrona .3-1 All Cdn Vent 3.26 3.56 New Cronln .00' Amr Gr Fund 4.5-1 4.98 Okanagan Hellcop 3.05 Cdn Gr 5.09 5.59 Primer Cdn Invest F 4.11 4.51 Pyramid Col Mutual 5.32 5.84 Silver Standard Cmnw Inter 11.88 12.36 Trojan Cmnw Lev 2.86 3.13 Western Mines Corp Invest- 4.90 5.35 Westcoast Res Corp t S P 4.44 4.B5 Western Explor Dreyfus F U.S. 10.48 Utica .20 .69 13.50 .13 325 8.25 14.75 330 4.25 lo'.so .46 Z.S5 2.70 5.95 .C9 .37 1.72 .30 3.90 Toronto mines, industrials Supplied by Kichardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quores) i.m. Quolei) INDUSTRIALS btttbi lean 2' lgonna Steel 1- tco Ind tlan Sugar i ell Tel 4- razll Trac .C. Tel SI urns .C. Forest 7, .C, Sugar 1; AE Ind t dn Brew 1 hemcell j ol Celluloss i a I Power oron Credit WN Gas dn Indusr anada S S dn Marconi dn Vickers hrysler MoIsonS B irth, .Cent PR >minco ons Bath ons Gas Ust Sea >orn Bridge omtsr om Textile om Stores ome Pete Play d of Amer t Cdn Oil en Motors t Lakes Pa ulf QIC 'awkcr Sid uron, Erie :iram Walk mperial-Oil mperial Tob nt Nickel it Pipe nv Gp A it Utilities idust Accept mrentide elly Doug A oca oblaw A Stores assey Fern cMIIIan Blue oore Corp tolsons A 23.37VJ 9.25 26.50 3.30 8.25 26.25 21.37V3 9.SO 17.87% 4B.OO 15.75 13.00 11.25 9.75 71.50 10.25 52.00 3.60 75.25 16.25 1S.QO 1.SO 17.00 39.00 18.75 14.00 47.00 24.50 6.75 31.50 5.75 5.12V1 4.35 4.75 25.25 10.00 24.00 30.25 12.75 tj Rotnmans Shell CDA 2 Simpson's Simp Sears Selkirk A Texaco 3 Traders Go A Trans Mtn Pp Trans Cgn Pp I UnlSS Oif Versatile Mfg Westeel Union Car Weston's B Woodward's A West Cdn Sd Zenith Elec BANKS Montreal Nova Scotia Royal Tor-Dom Acme Advocate Asb. Akaifcho Area Mines Belcher Iron Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Cassior Central Pat. Conwest Cons. Rambler Coin Lake Cochenour Craigmont DIckenson Mines Denlson Deer Horn D'Eldona Dome Mines Dona Ida Discovery Mines East Malartlc East Sullivan 13.50 22.25 5.50 7.25 12.50 19.00 32.00 15.75 21.75 25.50 8.37% 18.75 31.00 M.25 39.ca 3.70 9.50 13.00 20.25 15.25 2.70 1.35 14.50 19.00 22.00 19.50 .07 2.15 .51 1.91 .09 1.57 13.00 4.55 9.05 2.70 I.JO 10.50 .82 .16 .55 9.60 1.40 22.75 .03 1.21 64.00 .23 1.15 1.50 5.10 Frobex First Maritime! Giant Y.K. Gunnar Granduc Headway R.U. Hollinger Hud. Bay M-S Hydra Ex. Highland Bell Iron Bay Iso Jollet Quebec Kerr Addison Key finscon Labrador Lake Shore Leifch Lang is Silver Macassa Madsen R.L. Malartic GF.. Martin McNeely Maybrun Maclntyn Meta Midrim Inlern Mogul New Aihona New Calumet New [mperial Noranda Northr-'-'ft Opemlska Osisko Patino Pine Polnf Placer Dev. P.C. Exp. Quebec Man Reyrock Radiore Rio Algom Roman Corp. Silverfields Sherritt Gordon Silver Miller Steep Rock Siscoe Tek Corp. Tex moot Upper Canada Western Mines Wright Har. Willroy Windfall Yellowknlfe Br. 9.25 1.25 7.55 9.00 35.12% 19.00 .20 3.20 3.15 2.00 .50% 10.50 .32 33.50 3.25 1.77 .09 US .87 .BO 11.50 .19% 157.SO .15 .30 9.85 .16 .38% 1.E5 29.25 33.25 32.00 .69 .22% 1.52 .29 14.50 2.00 16.25 -07% 2.60 2.05 6.85 .10 3.05 i Ui LETHBRIDGE AND DISTRICT EXHIBITION LETHBRIDGE, ALBERTA NOTICE OF ANNUAL MEETING The annual meetin0 of the UTHBRIDGE AND DISTRICT EXHIBITION will be held at TUESDAY, NOV. in the MEZZANINE ROOM of the Exhibition Pavilion The reports from the President and Board of Directors and also the auditor's -financial statement will be presented to the meeting. I. E. ANDREWS General Manager Shares may be purchased by contacting the Ex- hibition Office, Exhibition Pavilion, Exhibition Grounds, Lethbridge, Alberta. agreement if (he church asked Km. The selling price of Hyerson to McGraw-Hill is thought to be Dr. Brisbin has said the reason for the sale is the church's need for money to sup- port its failing religious publish- ing operations. Ryerson is a major school text publishing house. SEEM INTERESTED At least three Canadian groups are reported interested in the purchase of the 140-year- old publisliing operation. Donald G. Campbell, presi- dent of Maclean-Hunter LUi., which had previously made an offer to the church, repeated his company's offer Sunday night, describing it as "fair and sub- stantial." Mr. Campbell said he had been unable to learn the differ- ence between his bid and Mc- Graw-Hill's. Christopher Ondaatje, presi- dent of Toronto's Pagurian Press, said his company, a group of Toronto businessmen and another major Canadian publishing house whose name he would not divulge, had been ac- 'ively seeking Ryerson for a year. Mr, Ondaatje said his group asked Hyerson's bankers in the fall of 1969 to inform the church it was interested in buying thu publishing end of the Ryerson operation. He said his group was told at that time that the publishing section alone was not available and that any sale had to include the plant and other assets. We told the bank that if the publishing end were ever made available, we would attempt to buy Mr. Ondaatje said. The sale announced Monday ncluded inventory of books, copyrights and author's agree- ments and goodwill, but did not nclude the United Church Pub- ishing House or Ryerson's printing operations, also owned and operated by the church. Tim Reid, Liberal member of he Ontario legislature, who was a vigorous critic of the Ryerson sale to the American-controlled irm, said last week a group of Toronto businessmen, whom he refused to identify, was pre- >ared to make an offer for lyerson. Arrest sentry slayer BERLIN (Renter) A 21- year-old man today admitted shooting a Russian sentry guarding the Soviet war memo- rial here Saturday, West Berlin police announced. The man, identified as Ekke- haitl Weil, a male nurse in a West Berlin hospital, admitted shootirg the sentry for political motives, a police spokesman re- ported. The man was taken Into cus- tody early Sunday after right- wing literature and weapons were found in his home. He was scheduled to appear before a judge today. Police said Weil told them his reasons for his action were to harden the political relations be- tween the German Social Democrat-Literal coalition and the Communists. He also wanted to prevent the ratification of the recently- signed non-aggression treaty be- tween Bonn and Moscow, police said. Government okays hoine PEACE RIVER (CP) The Alberta government has ap- proved construction of a residence here for retarded children. The residence will house 16 persons. Aubrey Teal, executive direc- tor of the Alberta Association 'or the Mentally Retarded, said 3iat the Peace River associa- tion provided the land and the down payment. The provincial jovernment will help pay the mortgage and operational costs. Monday, November 1970 THE IE7HBRIDOB HEUAID J3 Industry seeks aid of farmer EDMONTON (CP) The! to producers of caltie end livestock industry should the meat-packing industry toj He said the profit on sales resist any attempt to been relatively constant costs by unnecessary govern-1 over the years at one per cent, ment regulations or interfer- j "Therefore, every extra dol- ence, says A. J. E. Child, presi- j lar made on new products from dent of burns Foods Ltd. our packing plants or new uses "It is in the interest of existing products goes ei- farmers of this country' to help I thcr to the farmer or to the the industry resist any kind of j consumer, increase in costs." Mr. Ch i 1 d I "It also means even1 dollar told delegates attending the an- i of expense is going to be paid nual feed industry symposium' for by the farmer ur con- here. jsuracr.'' The Calgary executive said j joth industries are comple- j mentary, even though they are not identical. 'Each needs the other, cs .wo successive links in a chain. "A profitable and low-cost! livestock industry means great- j er supplies four our plants. By .he same token, a profitable and low-cost meat-packing in- dustry means greater returns Notley seeks er Hog prices EDMONTON (CP) Prices :o 11 a.m. provided by the Al- berta Hog Producers Market- ing Board: Edmonton: Quoted 22.05 to 22.30. selling 22.25, average Fri- day 22.26. Red Deer: Quoted 22.05 to 22.10. selling 22.05, average Fri- day 22.39. Calgary: Quoted 22.05 to 22.20, selling average Fri- day 22.22. Lethbridge: Quoted 22.05 to 22.15, selling 22.15, average Fri- day 21.92. Lloydminster: No sales to- day or Friday. Grande Prairie: No sales to- day or Friday. Sow price 12.75. Hogs sold to 11 a.m. 1.876, Friday Provincial aver- age 22.26. New York stocks Supplied by Richardson, Securities of Canada 70.00 20 Golds 178.15 off .5 10 Base Met 92.78 up 115.75. 15 W Oils 183.5B up 1.1 22.37ft Volume 33.25 NEW YQRK AVERAG Westinghouse Elec 30 Indust 776.42 up 4.4 28.12V2 U.S. Si eel 30.50 20 Rails 148.89 off .0 Amr T and T Anaconda Bth Steel Dupont General Motors Gulf Int Harvester Kenn Copper Montgomery Ward 24.62% 20 Indust 163.68 up .07 4SM 21.00 21.25 121.00 Sears Std Or! of N.J. Texas Gulf Texas Co Wool worth TORONTO AVERAGES Volume nomination GRANDE PRAIRIE (CP) Grant Notley, Alberta's New Democratic party leader, today announced he will seek his party's nomination in the Spirit River-Fairview riding for the next provincial general election. If Mr. Notley wins the nom- ination, he will be running against A. 0. Fimrite, Social Credit minister without port- folio in charge of the Northern Alberta Development Council. No nomination for the Progres- sive Conservatives has been made yet. Chosen leader two years ago, Mr. Notley was unsuccessful last year when he fought a by- election in Edson constituency. T. C. Douglas, national NDP leader, will attend the riding's NDP nomination meeting Nov. 14 at Rycroft. The NDP has no members in the 65-seat legislature. CRESTLINE'S GREAT MONEY SAVING Continues through Nov. 14th Prefinished Panelling REAL WOOD PANELLING RANDOM GROOVED 4x8 SHEETS PER PANEl AZTEC WALNUT MONTEREY OAK TOPAZ PECAN RIVIERA ASH MORENO ROSEWOOD 5 .95 Rumpus Room Specials 2x2 Spruce Per Lin. Ft. .UJ 2x4 Spruce Per Lin. Ft. .08 1x3 Spruce Strapping Per. Lin. Ft. .UO GAUGE VINYL ASBESTOS FLOOR TILE TAHITIAN VARITONE WALNUT n QQ Reg. 4.95.........................SPECIAL O.7 7 TAHITIAN GOLDENTONE n Qft Reg. 4.9S........................ SPECIAL Particle Board Thick..... PER SHEET Thick.................PER SHEET All purpose pane! for Shelving Cabinets Partitions Subfloors. Use anywhere you would use plywood DECORATOR WHITE CEILING TILE Fire Retardant Finish. PER CARTON 8 ,64 INTERLUX PAINTS Zonolife Insulation Zonolita Loosefii! Attic Insulation 3 eu. ft. bag PER BAG Sanded Fir Plywood EXTERIOR GRADE CIS......Per Sheet Sheet CIS......Per Sheet g.99 ROUGH SPRUCE PLYWOOD Salin latex, Semi-Gloss, Gloss, and Floor Enamel 25% Off EXTERIOR GRADE D grade. O CQ Per Sheet C.OvP 4x8xV D grade. p "7O Per Sheet D g Per Sheet 4x8xVi" D grade. O QQ ROTARY CUT MAHOGANY DOORS STAIN GRADE CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 or 327-5110 ;