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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 9, 1970, Lethbridge, Alberta Blocking Ryerson sale Arrest looms as possibility 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 .10 to and western oils .04 to 182.38. Base metals climbed .22 to 92.77. Volume by 11 a.m. was shares, compared with at the same time Friday. Losses outnumbered gains 94 to 74 with 163 issues unchanged. Among losing issues, Weld- was down to Rank Organization to Shell Canada to Acres Ltd. to Preston 20 cents to Chieftan 25 cents to BP Oil and Gas 15 cents to and Great Plains to Moore was up to Consumers Distributing to Bartaco to Alberta Gas Trunk to Inco 'A to Noble 25 cents to Cassiar 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 lower. 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- er? Gas Vt to while Canada Cement Lafarge Ltd. declined to Distilers-Seagrams to Domtar 'A to Con- solidated Balhurst Vi to and Price to Among senior mines and oils, Noranda was off at and Texaco Canada Vt to ?26. TransCanada PipeLines a d- vanced to Banque Canadienne Nationale rose while Bank of Com- merce dipped to On index, utilities climbed .19 to 138.48 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 YOEK (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- lines by better than 3 to 2 among issues traded on the New York Stock Exchange. Most brokers said the General Motors strike and negotiations to end it dominated market con- siderations. Even though the ef- fects of the strike would be felt for the rest of 1970, some ana- lysts said an early settlement would be an incentive to inves- tors. Steels, rubber issues, air- crafts, electronics, were ahead. TORONTO (CP) The possi- bility of cancelling the sale of Ryerson Press to nn American- controlled publishing house was raised Sunday night by spokes- men for both parties involved. The sale of Ryerson Press, jwned by the United Church ol Canada, to McGraw-Hill of Can- ada Ltd., vvas announced last Honday. Rev. Frank G. Brisbin, secre- .ary 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 Livestock report Calgary livestock CALGARY (CP) Receipts today to 11 a.m., about 800 )iead, 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 27.50 to 87.80, good to 27.25, me- dium 25.50 to 26.25. Medium to good cows 18 to 20.25, canhers and cutters 13 to 17. Good bulls 22 to 24. Replacements were in short supply being mostly calves and medium to good steers. Good feeder steers 750 pounds up 28 to 31, good stock steer calves 400 pounds up 38 to 40. Gfflxl stock heifer calves 31 to Hogs base price 22.05 to Portland Livestock PORTLAND (AP) Cattle and calves compared last week and a year ago. Slaughter steers small tot good Ins, 25.00, other good to Ibs 23.00 to 25.23; slaughter heifers few individu- als standard and good 21.00 lo 24.25; slaughter bulls commer- cial 24.50 to 28.00; vealers good and choice to 4100; slaughter calves; good and choice to 29.00; feeders few lots choice 410 to 469 steer calves 32.40 to 35.00; good 25.75 to 32.00; steers few lots choice 550 to 672 bs 27.25 to 31.50; heifer calves 'ew lots choice and prime 282 to 461 Ibs 30.10 to 30.60, most good and choice 300 to 480 Ibs 25.00 to 28.25; heifers, choice to 700 Ibs 24.75 to 27.00. Hogs 210; barrows and S'o. 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 lambs choice and prime 90 to 113 Ibs 26.00 to 27.00; feeder choice and Fancy 67 to 85 Ibs 26.00 to 27.J5; bucks 75 to 98 Ibs 18.75 to 20.25. f] RECORD SAFES INSULATED FILES MONEY CHESTS Grain prices ami 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 YOHK dollar down 3-04 at 97 29-32 in offer to the church, repeated his terms of U.S. funds. Pound ster ling down 3-32 at 7-64. Winnipeg grain WMnPEG (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 ha irit Nickel AAolsonS B u North, Cent Petnbina Pp t. Ptothmans St Law Corp Simpson's Simp Sears Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Csn Pp Union Oii Versatile Mfg Westeel Union Car Western's B Woodward's A West Cdr. Sd ZGofth Eiec BANKS Montreal Nova Scoila Frobsx Inl Pipe Gp A !nT Utilities indust Accept taurentlde Kelly Doug A Loeb Loblaw A Msiro Scores Massey Ferg McMillan Blue Moore Corp Moisons A 15.75 13.SO 11.35 9.75 71.S3 55.03 X8Q 75.25 16.25 IE. 00 UO 17.BO 3P.OO 14.0EJ 47.03 OS 31.50 15.50 5.75 25.2S 10.00 12.75 MINES Aemft Advocate Asb. Akaitcho Area Belcher iron Black Bay Bralorne Broulan Bethlehem Canada Tung. Cassior Central Pat, ChEmo Conwesl Cons. Rambler Coin Lake Cochenour Craigmont Dlck'enson Mines Dentson Minei D'ildona Dome Mlnei Donalds Discovery Mines East Malartlc East SuiHvan Farconbrtdge 13.50 22.25 7.25 12.50 19.00 32.08 15.75 21.75 31.00 M.2S 39.C3 3.70 9.50 13.DO 20.25 15.25 2.70 1.35 Id. 55 19.00 25.00 19.50 .07 2.15 .51 1.9! .45 First Maritime Giant Y.K. Gunnar Grsnduc Headway R.L. HolUnger Hud. Say M-5 Hydra Ex. Highland Beli Bay Jollef Quebec Kerf Addison Key Anacofi Labrador Lake Short Leifch Langis Silver Mscassa Madsen R.L. Mafartic GF.. Martin McNeely Mela Midrim Intern Mogul New Ailiona Calumet New Imperial Noranda Opemlska Ouciei) .24 1.08 9.25 1.25 7.SS 9.00 35.12V4 19.00 3.15 33.50 3.25 1.77 Mt3nday( November 5, 1970 THS LETHBRIDGB HERALD 13 Industry seeks aid of farmer EDMONTON (CP) pi-oduccrs of cattle end livestock industry should aid I hogs." the meat-packing industry to He said the profit on sales resist any attempt to raise has been relatively constant costs by unnecessary govern- over the years at per cent. mcnl regulations or interfcr-] "Then-fore, every ettra cncc says A. J. E. Child, prcsi- 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 ci- farmers of this country to help! ther to the fanner or to the the industry resist any kind of consumer, increase in'costs." Mr. Child "It also means even' dollar told delegates attending the an- i of expense is going to be paid mial feed industry symposium' fur by the fanner ur eon here. Calgary executive ssid i 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 ivcre to harden the political relations be- tween the West 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. not kienUcat. "Each needs the other, j Uvo successive links in a chain, j "A profitable and low-cost I livestock industry means great- j er supplies four our plants. By' the same token, a profitable and low-cost meat-packing in- dustry means greater returns Government okays home PEACE RIVER (CP) The Alberta government has ap- proved construction of a 000 residence here for retarded children. The residence will house 16 persons. K piaiiu miu Aubrey Teal, executive direc- "We told the bank that if the tor of the Alberta Association for the Mentally Retarded, said that the Peace River associa- tion provided the land and the down payment. The provincial government will help pay the mortgage and operational costs. Hog prices EDMONTON (CP) Prices to 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 to 22.20, selling average Fri- day 22.22. Lethbridge: Quoted 22.05 to 22.15, selling 22.15, average Fri- day 21.92. L'loydminster: No sales to- day or Friday. Grande Prairie: No sales to- day or Friday. Sow price 12.75. Hogs sold to 11 a.m. Friday Provincial age 22.26. seeks Spirit River nomination GRANDE PRAIRIE (CP) Grant Notley, Alberta's New Democratic party leader, today announced he will seek his party's nomination in the Spirit RivCT-Fairvicw riding for ths 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. Nolley 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. 1.876, aver- New York stocks Supplied by Richardsos, Securities of Canada Amr T and T Anaconda '0th Sleel Dupor.f General Motor GUlf Int Harvester Kenn Copp 20 Golds 178.15 olf .50 10 Base Met 92.7B up ,23 115.75. 15 W Oils 183.5g up l.H 22 37'A Volume 3325 NEW YORK AVERAGES 33 Indus! op 20 Rails off .03 15 Utllifles 115.81 up .ti 65 Stocks up 1.05 Ward 20 Indust 163.SB up ,07 Volume ______ 45.00 21.00 21.25 33.37V 37.25 Seers Std Oil ol NJ. Texas Gulf Texas Co Wool worth 30.'50 AVERAGES t U.S. !TORONTO G9 Osisko 1.S7 Patina .23Vi Pine Polnf 13.00 Placer Dev. 4.SS P.C. Exp. 2.05 Quebec Man 22.37% Rsyrock 2.70 Radiore Rio Algorn Roman Corp, SilverMelds Sherritt Gordon Silver Milter Steep RocS Siscae Tek Corp, Texmont Upper Canada Wesiern Mines Wright Hsr, Wlllroy Winrffali Br. Zenmac 10.50 .82 .U .55 9.60 1.-SO 4J.DO .23 1.15 1.59 5.TO 142.0D .28% 1.E5 55.75 59.55 33.25 32.00 .29 T.OO 2.00 16.25 .0714 2.60 2.05 6, as .50 LETHBRIDGE AND DISTRICT EXHIBITION LEIHBRIDGE, ALBERTA NOTICE OF ANNUAL MEETING The annual meefin0 of the liTHBRIDOE AND DISTRICT EXHIBITION will be held at TUESDAY, NOV. 17th, 1970 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. f.. ANDREWS General Manager Shares may be purchased by contacting the Ex- hibition Office, Exhibition Pavilion, Exhibition Grounds, lelhbridge, Alberta. CRESTLINE'S GREAT MONEY SAYING Continues through Nov. 14th Prefinished Panelling REAL WOOD PANELLING RANDOM GROOVED 4x8 SHEETS PER PAKEl AZTEC WALNUT MONIfRlY OAK TOPAZ PECAN RIVIERA ASH MORENO ROSEWOOD 5 .95 Rumpus Room Specials 2x2 Spruce Per lin. Ft. tU J 2x4 Spruce Per Li 1x3 Sprues Strapping Per. Lin. ft. in. Ft. ,UO VINYL ASBESTOS FLOOR TILi TAHITIAN VARITONE WALNUT Reg. 4.95.........................SPECIAL TAHITIAN GOIDENTONE Re0. 4.95........................ SPECIAL DECORATOR WHITE 3.99 Particle Board Thick.................PER SHEET 4 Thick.................PER SHEET 5.85 All purpose pane! for Shelving Partitions Subfioors. Use anywhere you would use plywood Zonolite Insulation Zonolits loosefil! Allic Insulation 3 eg. ft. bag PER BAG Sanded Fir Plywood EXTERIOR GRADE 4x8x14" GIS......Per Sheet GIS......Per Sheet 6.79 GIS......Per Sheet 8.99 CEILING TILE Fire Retardcmt Finish. PER CARTON 8.64 INTERLUX PAINTS 25% Off Satin latex, Semi-Gloss, Gloss, ond Floor Enamel ROUGH SPRUCE I W EXTERIOR GRADE D grade. O CO Per Sheet fc.JO D grade. O Pir Sheet........ C. I il D grade, QQ Per Sheet........ W.3JJ ROTARY CUT MAHOGANY DOORS STAIN GRADE 3.50 CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 or 327-5110 ;