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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 27, 1970, Lethbridge, Alberta quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Baadhouso and McCuaig) LAST BID OH SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) WESTERN OILS Inter Sleet 7.37% Invos! Or 9.JO 107J Almlnox 5.95 Jelf Luke Invest Mutual 4M 5.33 Asairars Joule! 106 Vent 330 3.6 Bant? 13.25 Kaiser Res 6.75 Mutual Ac F 4 a 5.11 B p. Oil 5.45 Kam Kolla Jfuhw Or F 4.36 Can Southern 5.00 Menlor .61 Mulwl In 48 4.W Cdn Exp 4.50 NewconeX 5.75 Nat Res t U Cdn Home 7.55 Pac Pete 29.00 N W Fin 358 3.9. Cdn Indus Gas 11.75 Selkirk Hold 10.00 N W 6r JSHJ Cdn Super Shell Inv 3U2'A N W Equity 472 5.1J Cent Del Rio 11.50 Shell Inv Pfd 32.6214 Principal Gr 353 3.8, Charter 6.25 shell Inv Wti 14.50 Regent Fund 781 S.5J Chieltan 7.75 Sicks Rain- 3.SO }S Dome Pele west Cdn Sd 4.10 W Ac 4.B i.a Dynam Pete 1.18 White and Yuk 16.75 Universal Sav 6.SJ l.ll Gt Plains 29.50 CALGARV VANCOUVER Ml" City 1.80 Acrou 1.25 k 19 nn Pele 'W Arctic Mlnina .18 North Cdn oil 6.25 Barons Oil .07 Exolor .11 Numao 7.90 NortH Cont ,02'.S Beth Copper 13.50 Permo ;.75 pele .3! Bornlle RMsa .11 Petrol 1.44 West Warner .44 Block Bros 3.15 Plnrwcls .87 Madison .25 8.15 Place Gas 1.Z8 RexdDle .10 B.C. Sugar 15.50 13SD PIPELINE STOCKS B.C. Sugar Prd 15.25 f 9 UK Gas Tr U A 47.8714 Inter 4.40 Scurry Rain 23.25 6M Tr PW 75.00 Churchill Copper 1.10 5? i n.r Hn lniand Nal GK Crestbrook F Ind 5.50 West Deratta 6.40 and c crovden J2 MISCELLANEOUS Hand C B Pld 28.75 Dolly .42 INDUSTRIALS Gaz Metro 4.70 Dynasty 6-00 Atco Indus 10.25 Gaz Metro P A 61.25 Endako 12.62'.'! Aquataiae 15.50 Tr Cdn Pips Fort Reliance 39 Cdn Srew A P, Tr Cdn P Pfd Giant Mascot d.OO Cdn Hyd Carb 14.50 Tr Cdn P Pfd A ilOO firanisle 10.62'A Cdn Pac Inv P. S2.6214 Tr Cdn P War 12.50 Key Indust .31 CPR Pfd 9.00 westcoast Tr 19.50 Hy's Cygnus A 5.M Western Pacific 4.80 Interior Brew 5.25 Cygnus B 6.25 MUTUAL FUNDS Jericho .10 Gt Cdn Oil SdS AGF Special 2.24 Kamloops Copper .15 Gt Cdn Oil SdS 100.00 All Cdn Com 6.65 7.27 LorneX 6.60 Home Oil A All Cdn Divld 7.70 8.42 Lylton Minerals 2.56 Home Oil B 26.25 All Cdn Vent 3.32 3.52 Madrona -45 'Home and Pit 1.80 Amr Gr Fund 4.55 5.00 New Cronln .08 Hud Bay Co 15.00 Cdn Growth 5.06 5.56 New Imp Mines 2.35 Hud Bay Oil 38.50 Cdn Invest F 4.23 Primer .17 Hud Bay Oil P 53.50 Col Mutual 5.35 5.88 Pyramid -26 Hugh Rus Pfd Cmnw Inter 11.29 12.37 Silver Stand Husky Oil 14.25 Cmnw Lev 2.39 3.03 Trojan .28 Husky- Oil B P. 40.00 Corp Invest 4.94 5.39 Western Mines 3.45 Husky Oil War 7.40 Corp Invest S F 4.35 4.7S Westcoast Res 3.40 ruW' Mfo If Shares 33 Toronto mines., industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quines) a.m. QuaJss) INDUSTRIALS Norfh, tenf Frobex .27 Ahllibi 7.12% Pembtna Pp 2-1-00 Firsf Marltimes l.M Alcsti 21.75 Powe- Corp 4.75 ,_ Agoma Steel 13.25 Price Co 7.00 Giant Y.K. W.SO BeM Tel Rothinans Gunnar 1.20 Brail! Trsc St LBVJ Corp 19.00 Granduc B.c Tel 59-00 Shell CDA 32.42V6 Headway R.L, 8.50 Burns 7.7S Simpson's 16.25 Hollmger BC Forest 23-50 Simp Sears !I-50 Hud. Bay M-5 18.00, B C Sugar IS.Wi Steel of Can 24.75 Hydra Ex. CAE Ind 4.00 Selkirk A 10.00 Highfand Bell 2.90 Cdn Brew Texsco 26.50 Iron Bay 3.15 Chemcell Traders Gp A 8.75 iso Col Cellulose 6.00 Trans Mln Pp 19.00 Jolfet Quebec .22 Cal Power 26.00 Trans Can Pp 34.25 Kerr Addlson 10.50 Corn Credit 1 20 Union Gas 15.12% Key Anaccm .25 CWN Gas U.12W Union Oil -40 Labrador 33.00 Cdn indusf 9.62% VersaJIle Mfg 3.30 Lake Shore 3.55 Canada S S Wesfeel 9.00 Leitch 1.63 Cdn Marcoril 3.25 Union car Lansis Silver .10 Cdn Vickert 9.00 Wesion's B 19.75 Macassa MO Chrysler Woodward's A U.oo Madsen R.L. .81 cpd 63 S7V2 West Cdn Sd 4.00 Malarilc .80 Commco 21 50 Zenith Elec 1.20 Marfin 12.00 Cons Bafh 8.87% BANKS Maybrun Cons Gas IS 62V5e Can Irr.perlaf 19.50 Macintyre W8.DO Dist sea Montreal 15.50 Mela -16 Dom Bridge 17.00 Nova ScotEa 20.25 Midrim .30 Domfar 13.12W Royal 22.50 intern Mogul 10.00 Dom Textils 12.62W Tor-Dam 19.50 New Athona Dom Slores 9.00 MiHES New Calumet .27 Domfasco 22.00 Acme New Imperial 2.38 Fam Play 1062'A Advocate Asb. 2.05 Norsnda Fd of Ainer 4RM Akaifcho .51 Northgata 8-60 Gl- Cdn Oi! 3.95 Ares Mines l.SO Opemiska 9-75 Gen Motors Belcher Iron .45 Qslsko .38 Get Lakes Pap 16.75 Black Bay .08 patino 29.50 Gulf Oil Cda Braforne 1.45 pine Point SI.25 Greyhound Broutan Placer Dev. 29.50 Hawfeer 1 90 BeiWehetri 13.i3Vs P-C, Exp. .63 Huron Erie Brunswick Ouebec Man -26 Hiram Walk 38.75 Canada Tung. 2.04 Rayrock 1.16 mDerlal OH 19.75 Casslar 22.75 Radiore mberiai Tob 1425 Central Pah 2.45 Rio AEgom 16.62V4 Int nickel 46.00 Chi mo 1.38 Roman Corp, 6.35 n) pjDe Comvest 9.85 Sllverfields 2.00 nv Gp A 650 Cans. Rambler 1.00 Sherritt Gordon 14.87W Int Utilities Cochenour M Silver Miller .07 ndust Accept Craigmont 8.90 Steep Rock 2.55 Laurentide 5.50 Dickenson Mines 1.25 Siscca 1-91 Kelly A Denlson Mines 22.75 Tek Corp. 6.65 Loeb 3.90 Deer Horn .07 Texmont .4? Lobfaw A 4.90 D'Eldona 1.28 Upper Canada 2.10 Metro Slorts 17.50 Dome 63.00 Western Mifies 3.40 Massey Ferg DonaJda .23 Wright Har, 1.30 McMillan Bloe 24.35 Discovery Mines Willroy 1-38 Moore Corp 31.00 East JVlalartic 1.40 Windfall .13 Motscns A 13.75 Easr Sullivan 4.95 Yellowknlfe Br. 4.75 Moisons B 14.00 Falconbridge 134.50 Zenmac -H IVetp lorfe stocks Supplied by Richardsoa. Securities of Canada Amr T and T 43.25 Montgomery Ward 20 Golds 181.77 up .08 Anaconda 21.00 Sears 10 Bass Me? 89.99 off .03 Bth Steel 19.75 Std Oil of N.J. 71-50 15 W Oils 193-98 Up 1.14 Chrysler 27.25 Texas Gulf Volume Comsat 47.75 Texas CO YORK AVERAGES DuDont mi2Vs WooKvorth 30 (EKiust T7S.91 up 1.13 General Motors 76.00 Wesiinghouse Elec 64.50 20 Rails 148.86 off .37 Gulf 2950 U.S. Steel 28.50 15 Utilities 113.46 off .13 Int Harvester TORONTO AVERAGES 65 stocks 248.55 off -ifi Kenn Copper 34.00 20 Endust 1S6.44 off .29 Volume tax losing Although the federal structure and the ac grate, perhaps to another province, or country, where he will pay his taxes and make his contribution to the cultural ind social environment. In those communities and provinces where there is an annual net loss of young people educated through taxes levied on property osvnsrs, the discontent is most acute. Taxpayers argue that in most cases they derive little benefit from the taxes they pay to educate people who subsequently move to other provinces. They are ready to do battle. It serves no useful for municipal and provincial governments to attempt partial relief or disguise the education taxes through fiscal gimmickry. The problem will only be solved in this area of taxation when all levels of government recognize both that property ownership is no longer a relevant measurement of one's ability to pay taxes, and that education is a national affair and should be financed through a national, not a local tax system. (Mr. Asper Is 8 Winnipeg tax By T. II. ASPEK Have the limits of taxpayers' patience been reached? This question is actually being considered seriously, though privately, by some political figures responsible for maintaining 2 balance betwxsen government taxing and spending necessities. There's no doubt that public awareness o? every government move in the spending and taxing area has never been more acute, particularly at the provincial and municipal levels. There's good reason for the growing concern. For example, many homeowners are now paying more to municipal and provincial property tax than they pay in Federal and Provincial income taxes. There is growing anger in this particular tax group whose members argue, often with convincing logic, that they are paying more in taxes than others whose ability to pay, proportionately, is much greater! Indeed, signs ot taxpayer resistance are unmistakable. A few months ago, in reaction to proposed federal changes in ths tax system respecting small business, Canada witnessed a substantial and often militant rejection of the tax white paper plan by thousands of operators of small business. That resulted in the formation of a permanent tax watchdog under the name, the Canadian Council for Fair Taxation. The Council, whether or not on.e accepts its views, has been effective in resisting increased taxes for its members. One ought not to dismiss lightly the fury with which an economic group in society will defend itself when it feels threatened with extinction through government action, taxation and otherwise. The same instinct for sell-preservation seems to have motivated the small businessman of Poujadist persuasion in France a few years ago when they physically, violently and successfully resisted tax increases. EEFOSED TO PAY Only a few weeks ago, many Ontario farmers rejected the provincial tax system by refusing to pay taxes on their land, arguing that the levies were archaic and unjust. The Ontario government has since made conciliatory gestures and that particular fire seems to be under control. Manitoba farmers, encouraged by the success of their Ontario counterparts, ore now being exhorted by some spokesmen, to repeat that tion by withholding their prefer tax. In Ste. Rcse, Manitoba, a provincial constituency which is threatened with not having a member in the next session of the Manitoba legislature, because of the provincial government's reluctance to call a by-election to fill the vacancy, some activists are calling for a tax strike on the footing that there can be no taxation" without Market dip frac TORONTO (CP) Prices were raided to fraciiona lower in active mid-morning trading today at the Toronto stock market. On index, industrials were down .01 to 160.72 and base metals .03 to 89.99. Golds rose .08 to 171.77 and western oils 1.09 to 193 93. Volume by 11 a.m. was shares, compared with at the same time Thursday. Among losing issues, Bow Valley was down 3A to Pacific Pete %'to Heitmans to and, Rio Algom to Texaco climbed to Bank of Nora Scotia to Home A to and Canadian Superior OH 1% to PRICES STABLE MONTREAL (CP) Prices were relatively stable in moderate trading today on the Mont-' real stock market. All sectors declined marginally except papers, which registered a gain. Combined volume on the Montreal and Canadian Stock Exchanges to 11 a.m. was sBarss, compared with shares at the same time Thursday. On index, industrials dipped .06 to 170.07, utilities .16 to 144.65, the composite index .10 to 166.27 and banks .35 to 174.85, while papers rose .38 to 82.12. John Labatt Ltd. dropped to Dominion Bridge to Aquitatoe to SHVz, Inco Vt to International Utilities to and InterProvincial Pipelines to Dome Petroleum advanced to Poli, Hudson Bay Oil to Texaco Canada to ?27y6, Noranda to 1-3, Bell Canada Vt to and Shell Canada to BROAD ADVANCE NEW YORK' (AP> tionally Chase Manhattan, up at Among Canadians on the NYSE, Dome Mines rose a point to and Massey was up Vt at Canadian Pacific lost to On the American Stock Exchange Scurry Rainbow Oil advanced a point to and Jupiter Corp. to Brascan Ltd. was off to U> reform it has its srcre of opponents, by far the most significant tax discontent if. s; the provincial and ,i levels. Specifically, the erty tax has come under particularly with respect io ru? education tax which Is the largest component of the It is in this area, more than in the federal tax system, that reform is overdue and cannot wait long government deliberation, DEEPLY RESENTED The taxes levied to provincial and municipal costs are no longer 31-cepted by the taxpayer, the rural farmer or modest home owning surbanite. IM'9 the tax system is simple, easily understood, and deeply resented. The taxpayer has his back up. He simply cannot understand how the fact that he (.-'.TV; a home, regardless of fenv much he owes against it, or the fact tliat he owns a fanv., rt-gardless of its profitability lack thereof, gives him a greyer abilify to finance education costs than the apartment dweu-er or businessman whose profits ars high but whose land uses are low. There is strong evidence to support the property owner's case. When property taxes were originally introduced, Hie rationale was that the levies were designed to cover the cost of government services to property owners, such as the cost of police, fire protection, reads and similar amenities. Befop; student mobility was a majo" factor, there may have some validity in assuming thai the children requiring an education came from the permanent residents (property owners) in a given community, fs that basis, there might been some justification is tacking the education tax onto tte general property lines. DAYS LONG CONE But those days are long gone. The likelihood today is that the student being educated at the cost of one municipality and province will not work in or pay his taxes to that community or region. He will lethbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY (CP) On offer to 11 a.m., about head; mostly replacement cattle. Trade was active. Slaughter cattle sold in line with closing prices Thursday. Choice slaughter steers 30.7B to 31.20, good 29.50 to 30.50, medium 28.50 to 29.25. Choice ka'fers 28.25 to 28.80, good 27.25 la 28.25, medium 26.50 to 27.25. Good cows 21 to 22, medium 19.80 to 20.50, earners and cutters 14 to 19. Good bulls 23 to 25. Replacement cattle and dock calves were in keen demand with the bulk of the offering replacement stock calves. Prices were generally steady. Good feeder .steers less than 750 pounds 33 to 35.70, more than 750 pounds 29 to 32. Good feeder heifers 19 to 23. Good stock steer calves less than 400 pounds 40 to 43.60, more than 400 pounds SS to 42.50. Good stock heifer calves 33 to 36.50. Eogs base price 24.75. Macleod Livestock FORT MACLEOD There were head of cattla and tmlves sold Nov. 16 through Nov. B, with a steady demand on all classes, calves report Low choice fed steers ffl.90 to 29.10. No heifers on offer. Good cows 20.50 to 21.60, medium 18.50 to 20.25, canners and cutters 14 to 18. Good bulls 22 to 23.10. Good feeder steers 32 to 34, Ihreo loads around 700 Ibs. 35 to 36. Good feeder heifers 29 to 30.50, medium to 28.75, Good feeder cows 21 to 23.50, medium 18 to 20.50. Good steer calves 42 to 43.50, medium and good heavies 39 to 41.50. Good heifer calves 35.50 to 37, medium and good heavies 33 to 35. Good stock cows 325 to 350, sales to 375, while good bred heifers and medium cows sold 260 to 280, sales to 325, medium heifers 230 to prices Winnipeg Grain WINNIPEG (CP) Trading was light at mid-session of the Winnipeg Grain Exchange today with prices in all commodities on easier patterns. Exporters continued to show some interest in rye but offers were on a scale down pattern. Thursday's volume of trade was bushels of flax, bushels of rapeseed and of rye. Export, loadings of Canadian wheat Ttesdry included bushels to the United Arab Republic. Mid-season prices: Flax: Dec. lower 2.47; May 1% lower July Ii4 lower Rapeseed Vancouver: Nov. 2 lower Jan. unchanged 2.92V4; March lower 2.74B; May 214 lower 2.64A. Rapeseed Thunder Bay. Dec. unchanged April lower 2.70; June not open. Oats: Dec. unchanged 87; May unchanged July higher Barley: Dec. unchanged 1.28; May Va lower July unchanged Rye: Dec Vt lower May lower July Vs lower 1.16SA. Prices Thursday for Class TV'o wheat for export to countries outside IGA: 1 Nor 2 3 4 1 Durum 2 3 4 IGA prices: 1 Nor 2 3 4 1 Durum 2 3 4 Grain quotes Thursday (basis High Low Close Flax Dec 248% 247% 247% May 258% 257 257% Jly 259% 257% 258 Rapeseed Vancouver NOV 332% 330% 332y4 Jan 294% 287% 292% Mar 275 275% May 267% 265% 268% Rapesced Thunder Bay Dec Apr 270% 269% 270% Jun 269% Oats Dec 87 May 87% 87 87% Jly 86 Barley Dec 128 May 128% 128% 128% Jly Rye Dec 107 106% 106% May 114 113% 114 JJy chased at Calgary CALGARY (CP) Police grabbed three of four bank robbers early today after rifle-carrying bandits robbed a Canadian Imperial Bank of Commerce of less than The fourth man, identified ss Ralph Cochrane, 43, an escapee from the Prince Albert Penitentiary in Saskatchewan, was chased through downtown Calgary on foot. Police cars sealed off the area and officers ware advised the man was stock market, which was closed Thursday for United States Thanksgiving, reopened today with a small but fairly broad advance. At noon the Dow Jones average of 30 industrials -was ahead 1.10 points at 775.81. The Associated Pres 60-stoclc average was unchanged at 264.9. Prices on the New York Slock Exchange most-active list included Telex, up 1% at Natomas, up at futures WINNIPEG (OP) The Winnipeg live beef futures market had some buying interest a t higher prices but no offers Thursday. Wednesday's volume of trade was two. Open High Low Close Jan 30.75B Mar By THE CANADIAN PRESS Westfair Foods Ltd., pfd. 35 cents; class A 50 cents; both Jan. 1, record Dec. Mgli earnings for Scotia bank TORONTO (CP) The bank of Nova Scotia had an all-tima high of million in total assets Oct. 31, the bank said in a statement Thursday. The total compared with million on the same data last year, an increase of 7.2 per cent. Balance ot profits for the year amounted to million, an increase of 12.2 per cent over 1969. Earnings a share compared to for the previous year. Balance of revenue amounted to ?61.2 million, an increase of million or 3.1 per cent over the WO million record in Preferably a man with minimum of 2-3 yearj of fa mal accounting training related experience 10 r st e futures WINNIPEG (OP) The Maritime potato futures market was completely inactive Thursday with no trades, bids or offers. Four contracts were completed Wednesday. Open High Low Close Mar 2.60N Apr 2.60N May Hog prices EDMONTON (CP) Hog prices to 11 a.m. us provided1 by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 24.75 to 25.50, selling 24.75, average Thursday 24.70. Red Deer: Quoted 24.75, average Thursday 25.25. Calgary: Quoted 24.75, average Thursday 24.78. Lethbridge: Quoted 24.50, average Thursday 24.78. Lloydmiuster; No sales, average Thursday 24.17. Sows 12.25. A total of 219 hogs sold to 11 a.m., sold Thursday, provincial average accounting dutlei, r quired by VAUXHALl FOODS LTD and PAK-WELl PRODUCE LH Senci resume or apply at VG Services Ltd., Personnel P.O. Box 430, Vauxhall, boosts penalty EDMONTON (CP) A dis- WhUecourt, saying that a trict court judge yesterday in- Hue was to act son s Bay Oil and Gas Co. Ltd. ncy-general's department intro-to from for an oil duced a report from the fish spill of about 100 barrels. wA wildlife department which The attorney-general's de- said that about fish were partment had appealed the ori- killed by the oil spill which ginal fine, handed down Aug. covered about H4 miles of a 5 in magistrate's court in and Dominion Sugar Company Limited Offer to the holders of common shares of Western Canadian Seed Processors Ltd. Canada and Dominion Sugar Company Limited Is offa ing to purchase all 'of trie-issued and outstanding common shares of Western Processors Ltd, a price of f 4 per The Offer will not become binding on Canada and Dominion Sugar Company Limited unless certificates representing at least 51% of the outstanding shares of Western Canadian Seed Processors Ltd. are deposited under the Offer, which It open for acceptance up to and including DeetuAer M, IWfe We recommend that the Offer be accepted by al! holders of common snares of Western Canadian Seed Processors Ltd, Copies of the Offer and related documents may be obtained from The Roya! Trust Company in Toronto, Montreal, Halifax, Winnipeg, Regina, Edmonton, Calgary, Lethbridge and ATTENTION! FARMERS and STOCKMEN If You Want TOP DOLLARS for your LIVESTOCK Consign to PICTURE BUTTE AUCTION MART Ideally located in ths centre of large cattta feeding and hog raising area SATURDAY, NOV. 28th at 1 p.m. 500 TO 600 HEAD All Classes of Cattle Highlighted by 75 YEARLING STEERS AND HEIFERS from one owner 60 CALVES FROM ONE OWNIR 40 CALVES FROM ONE OWNER Alia 300 TO 400 WEANER, FEEDER HOGS AND BROOD SOWS FOR FURTHER INFORMATION CONTACT PICTURE BUTTE AUCTION MART JOE or JIM JURIS Phone 732-4400 or 732-4468 COAST SEAFOODS Truckload Sale of Fresh Fish And Seafoods Will Be Held At FORT WHOOP-UP SERVICE Thursday, Nov. 26r and Friday, Nov. 27 From 1 T a.m. to 8 POSITION LEADING CANADIAN APPLIANCE MANUFACTURER requires SALES REPRESENTATIVE FOR SOUTHERN ALBERTA The man we ore seeking should be between 25 and 3S years old, married and must be prepared to iivfl in Ufhbridge. The luccessful applicant should be prepared io work with minimum supervision. Remuneration by salary, commission and complete expenses, Excellent opporlunify for advancement. Reply Giving Complete Giving Education, Experience lie. To; BOX 84, ittfamation er tusiitance to except At Dominion Sugar Company tintilci Offer, ctM the undersigned or any liweewm1 Association of Canada or any sxnuerij the Toronto, Montreal, Cmaiima' ranaiuver Stock Securities Corporation ;