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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 30, 1970, Lethbridge, Alberta Monday, 30, 1970 THI LETHBitlDGI HERALD 17 Market advances in light trading TORONTO (CP) The To- ronto stock market posted _ moderate advance .in light mid morning trading today as it en tered its sixth consecutive adv- ancing session. On index, industrials gained .58 to 167.58 and western oils 1.42 to 197.14. Golds were down .12 to 181.52 and bass metals-.35 to 197.14. Volume by 11 a.m. was shares, down from at the same time Friday. Gains outnumbered losses 148 to 80 with 176 issues unchanged. Strongest sectors were bever- ages, communications and pipe- lines. Among rising issues. Alberta Gas Trunk was up to Westcoast Transmission to Texaco to and Home A to OSF Industries was down to Giant Mascot five cents to Bell VB to and Pine Point Vs to EDGES HIGHER MONTREAL The Montreal stock market edged higher to light trading in to- day's morning session. All sec- tors posted gains except papers which declined marginally. On index, industrials ad- vanced .75 to 171.04, utilities .51 Bank reports big year TORONTO (CP) The To- ronto Dominion Bank says the year ended Oct. 31 was one of growth with assets, deposits, loans, revenue, expenses, in- come taxes and earnings all showing increases. Balance of profist for the year was or a share, up from or a share a year earlier. Total assets rose million to and total deposits were up million. Interest income was up million to mil- lion but interest paid was up million. Balance of profits for the year propriation for losses and in- come taxes was up million to million. The appropriation for losses was million and for income taxes million. to 145.56, banks .01 to 174.85 anc the composite index .63 to 167.13, while Dapers were off .03 to 82.73. Combined volume on the Montreal and1 Canadian Stoci Exchanges to 11 a.m. wa shares traded, comparec shares at the same time Friday. Falconbridge climbed Noranda to i aco Canada to Tex Hie Algom to and Husky Oi to G-reat Lakes Paper rose to CPR to Alcan V to Belgium Standard Ltd dropped to Fraser te Velcro Industries tc Westburne to and Simpsons Sears to B.C. Telephone gained to Calgary Power to Canada Hydro to whili Canadian International Power slipped 'A to EXTEND RALLY NEW YORK (AP) The stock market extended its rally for the seventh consecutive da; as the Dow Jones average set a recovery high1 today. At noon the Dow Jones aver- age of 30 industrial stocks soared 6.57 points to 787.92. The jrevious high for the Dow was :he 783.68 registered at the close of trading Oct. 7. Advancing issues led decli- ners by almost 4 to 1 on the Mew York Stock Exchange. Among Canadians on the NYSE, Canadian Pacific ad- vanced 1 to and Fudson 3ay Mining gained to jown Vi were Distillers Sea- grams to Genstar Ltd. to 'Wi and Walter Gooderham to On the American Stock Ex- change, Scurry Rainbow OiJ was up to Meanest thief INDIANAPOLIS (AP) Mr. and Mrs. Harold L. Allison awoke Sunday to find someone lad stolen the figures from heir outdoor Nativity scene. The thieves took the holy fam- ily, three wise men, shepherds and animals. "Stealing a baby Jesus is really taking Christ out of Mrs. Allison aid. SALES POSITION LEADING CANADIAN APPLIANCE MANUFACTURER requires SALES REPRESENTATIVE FOR SOUTHERN ALBERTA The men wa are seeking.inould be between 25 and 35 ytart old, married and must -be prepared to livt in Ltthbrldgi. The successful applicant should be prepared to work wtth minimum supervision. Remuneration by salary, commission and complete expenses. Excellent opportunity for advancement. Plme Reply Giving Complete Resume Giving Aen, Experience Etc. Tot 54, HERALD Grain prices Winnipeg Grain Prices WINNIPEG (CF) All rape- seed futures were on strongly buoyant patterns at mid-ses sion of the Winnipeg Grain Ex- change today. Both the November and Jan- uary Mures reached new crop season highs with some shorl covering in tha January fu- ture. Offers were tMn in the flax market and fractional gains were posted. Oats and barley were confined mostly to a do- mestic shipper trade for east- ern feeders. Bye was frac- tionally easier with some inter- month spreading. Krday's volume of trade was bushels of flax, 000 of rapeseed and of rye- Mid-session prices: Flax: Dec. Vi lower 2.46'AB, May higher 2.MA, July higher Vancouver: Nov. higher Jan. 5% higher 3.06, March higher May lower Eapeseed Thunder Bay: Dec. imch 2.68, April 1 higher 2.73KA, June higher 2.7014B. Oats: Dec. unch 87, May unch July not open. Barley: Dec. unch 1.28A, May unch July not open. Rye: Dec. lower May lower July lower Livestock Lethbridge Livestock AFTERNOON SALE Calgary Livestock CALGAKY (CP) On offer to 11 a.m., about 325 head; mostly slaughter steers and cows.. Trade was moderate. Slaughter steers sold 50 .cents ower; no heifers were offered and cows were mostly medium and canner kinds. Insufficient good bulls offered to eftabiish a market. Choice slaughter steers 30.25 o 30.80, good 29 to sn, medium 27.50 to 28.75. Good COWS 21 to 1.50, medium 19.50 to 20.50, canners and cutters 14 to 19. Insufficient replacement cat- le offered to establish a mark- et. Hogs base pries 24.25. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) LAST BID OR SALE ClliOO a.m. Quotes) Quotes) a.m. Quotes) WESTERN OILS Almlnex 5.9 Asamera Bonn BP ON, Gas can South Cdn Ex Ashland Cdn Homestd Cdn Long Is Cdn Super Cen Del Chleftan Dynamlp Peta Gt Plain's Mill City New Cont North Cdn Oil Numac Permo Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner W. Decalta 6. MISCELLANEOUS INDUSTRIALS Atco Inr] 13.50 5.55 5.35 9.00 7.55 ,.57 39.00 11.25 7.75 1.30 30.00 .82 .82 .93 1.26 .65 14.00 23.50 2.17 Inter Prov PlM 13.50 Dreyfij, P U.S. 10.60 11. Inter steel Plpa 7.37'A Gr Equity 5.11 o. Jefferson Gr In Shares 3.02 3. 1 06 Invest Gr 9.62 10. 6.50 Invest Mutual 4.90 5. IOS Vent 3.30 3. Mutual Ac Fund 4.70 5. Mutual Gr Mutual In Nat Res N W Fin N W Gr N W Equity Principal Gr Prov Mutual Regent Fund 1.05 2.00 1.10 Kaiser Rei Kain Kotla L Ont Port Cerrt MGF Manage Mentor NewconflK Pacific Rank Org Shell Inv Shell Inv Wts West Cdn .Seed White Yukon CALGARY Acroll Ana Pete Barons Oil North Cont Plains Peta West Warner Madison Rexdale PIPELINE STOCKS Alta Gas Tr L A 49.00 Alta Gas Tr L Pld 75.00 Alta Gas (Nat) 23.25 Inland Nat Gas 10.25 N and C N and 4.55 5. i.87 7. 3.58 3.9 4.73 5.1 3.56 3.' 6.19 6.; 5.85 29.50 14.37W 31.62V] 13.50 3.80 united Ac Universal Sav 6.54 7.: VANCOUVER Anuk .1? Arctic Mining .18 Atlas Explor .62 Beth copper 13.62' .SO BornltB Ridge .1! .25 B.C. Sugar 16.00 Capt Inter 4.25 Churchill Copper 1.10 Coronation Credit 1.05 Croyden .22 Dolly Varden .38 ____ Dynasty 5.80 14.37V1 Fort Reliance .40 Pfd 59.25 Giant Mascot 4.00 10.62' .10 25.75 Brit NfltJ Cdn Hydro Car Cdn Pacific Inv 23.25 CPR Pfd Cygnus A Cygnus B Cum Prop Gt Cdn Oil 5 Home A Home B Home Pitfld Hud Bay Co Hud Bay Oil Hud Bay OH Pfd 54.25 Husky OH War 7.41 Gaz Metro 4.75 Granlsle Tr Cdn P 33.75 Key Indust Tr Cdn P Pfd 41.75 Hy's Tr Cdn P Pfd A 62.00 Interior Brew Tr Cdn P War 11.75 Jericho Westcoast Tr 19.62'A Copper Western Pacific 4.80 Lornex MUTUAL FUNDS Lytton Mineral! I'll" AGF Special 2.28 Madrona J-S All Cdn Com 6.71 7.33 New cronln iS'Sit A" cdn OMd s-'a Imp Wines 13.87'A AII cdn Venl 3 24 3.54. okanagan Hellcop Amr Gr F 4.59 5.04 Primer 4.GO 27.12V4 cdn Gr 5.11 5.62 Pyramid 27.50 cdn Invest P 4.25 4.fifi silver stand 1.70 Col Mutual S.ffl 5.93 Trolan Cmnw Inter 11.23 12.31 Western Mines 38.00 cmnw Lev 2.78 3.05 Westcoast Res Corp Invest 4.95 5.41 Western Explor Corp Invest S F 4.37 4.78 Ulica Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) s.m. Quotas) a.m. Quotes) Livestock sliow on again CHICAGO (AP) The presi- ent of the International Live- stock Exposition says the show will be held1 again next year. The announcement by Wil- am P. Adams appeared to uiet widespread speculation iat this year's 71st Interna- onal might be the last, at east in Chicago. Rumors that the historic show might fold or move out of Chi- ago began and grew several eeks ago after the Union lock Yards and Transit Co., innouneed1 it would close the ards Feb. 1. The company operates the ex- osition as a not-for-profit event help the quality of livestock. BUS MISHAP KILLS 30 JAKARTA (AP) A bus led with holiday passengers truck a railing and plunged off road into a river in South S'u- atra, killing 30 persons and everely injuring 10. Anltlbl Alcan Algoma Steel Atco Ind Atlan Sugar Gel Brazil Traa B.C. Tel urns B.C. Forest B.C. Sugar CAE Ind Cdn Brew "herncell Co[ Cellulose Power Coron Credit CWN Gas Cdn Indust Canada 5 S Cdn Marconi Cdn Vickers Chrysler CPR -omlnco Cons Bath Cons Gas Dlst sea 3om Bridge 3omtar 3om Textile Dome Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Molors Gf Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Imperial Job Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurenflde Kelly Doug A Locb Loblaw A Metro Stores Massey Ferg McMillan Blot Moora Corp 7.25 21.50 13.50 9.50 7.75 15.50 60.00 7.75 23.3714 1S.OO J.30 7.00 4.30 5.50 26.00 1.30 Molsons A Molsons B North, Cent Pemblna Pp Power Corp Price Co Rothmans St Law Corp Shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas 1112'A Union Oil o in Versatile Mfg j'-fju. Westeel 125 Union Car 2a'37W Woodward's A 6575 West Cdn Sd jf j5 Zenith Elec BANKS 18.87% can Imperial Montreal 17.50 NOV8 Royal Tor-Dom MINES Acme Advocate Asb. Akaltcho Area Mines Belcher Iron Black Bay 14.25 East Sullivan 14.25 Falconbrldge 14.62'A Frobex 23.75 First Maritime! Giant Y.K. Gunnar Granduc Headway R.L. Holllnger Hud. Bay M-S Hydra Ex. Highland Bell Iron Bay ISO Jollet Quebec 7.00 10.50 19.00 32.00 16.50 21.50 2J.75 10.00 27.50 9.00 B o Ke 34.00 15.00 39.00 3.30 9.00 rr 20.00 16.25 3.75 1.25 12.50 9.00 77.00 22.25 10.25 50.00 4.00 77.25 17.50 18.75 Braloi Broulan Bethlehem Brunswick Canada Tung. Cassiar Central Pat. 26 25 Conwest 6.37'A Rambler 34.87'A 1650 Craigmonf Dickenson Mlna 4 85 Denlson AAlnes 3 90 Deer Horn 4.80 D'EIdona 27 00 Dome Mines 9.25 Donalda 24.12V4 Discovery Mines' 31.12V'i East Malartlc Key Anacon Labrador Lake Shore Langis Silver Macassa Madsen R.L. Malartlc G.F. Martin McNeeiy Maybrun Maclntyra Mela 19.87'A Midrim 15.50 Intern Mogul 20.00 New Athona 22.37'A New Calumet 19.37'A New Imperial Noranda .07 3.00 Opemiska .48 Oslfko 1-60 Patlno ,43'A Pine Point .07 Placer Dev. 1.50 p.c. Exp. .23W Quebec Man 13.621A RayrocK 4.25 Radlore Rio Algom Roman Corp. Sllverfields Sherrltt Gordon Silver Miller Steep Rock Siscoe Tek Corp. TexmonT Upper Canada Western Mines Wright Har. Willroy 22.50 2.60 1.42 9.85 .94 .15 9.00 1.25 22.00 .07 1.25 es.oo Windfall 1.20 Yellowknlfe Br. 1.40 Zenmac 4.70 135.00 .21 1.06 9.75 1.15 6.75 9.50 36.00 17.75 .18V 2.85 3.10 1.90 .21V 10.37V .27 S3.00 3.25 .10 1.11 12.00 .20 147.50 .16 .30 10.00 .13 .25 J.32 59.12'A 8.95 9.75 .37 30.50 31.12'A 29.62'A .67 .27 1.20 .28V4 16.12'A 6.20 1.75 14.75 .07 2.50 1.81 6.65 .47V4 2.12 3.45 1.38 New York stocks Amr T and T Anaconda Bth Steel Chrysler Comsat1 Dupont General Molors Gulf Int Harvester Kenn Copper Supplied by Eichardson. Securities of Canada Montgomery Ward 29.8716 20 Golds 781.52 off 12 22.00 Scars 74.25 10 Base Met 90.32 off .35 20.12'A Std Oil Of N.J. 15 W Oils 197.14 up 1 42 Texas Gulf Volume Texas Co 33.75 NEW YORK AVERAGES 123.09 Woolworth 34.6214 30 Indust 787.92 up 6.57 Wesfinghousa Elec 20 Rails up l 51 30.00 U.S. Steel IS Utilities 115.16 up M 27.00 TORONTO AVERAGES 65 Stocks 252.37 op 2.02 35.12% 20 IndUSt W7.S8 up .58 Volume Hog prices An Open Letter to The Mayor and City Council: RE: BYLAW NO. 2912 io close Fourth Avenue South between Mayor Magraih Driva end Twenty Third Street. The purpose of the proposed closure of this cily street is to provide a private developer with parking area for the construction of o hotel. At a public hearing held November 16th, 1970 a petition opposing the passing of this By-Law and signed by 431 residents in the area was presented to Council at a public hearing. As the residents have pointed out in their petition a develop- ment of the size contemplated will: 1. Divert large amounts of traffic into residential areas. 2. Create parking problems on adjacent Btreets. 3. Increase traffic pressures on the Fifth and Sixth Avenus intersections at Mayor Magrath Drive. A. Create additional hazards far these two heavily used school 5, Add !o air and noise pollution In the area involved, Those of us who attended the Public Meeting sincerely felt that any developer seeking such an extraordinary privilpqe as closing of o sfreet would present a valid ;and airtight case in support of his application. No such case was presented or even attempted. We, therefore fail to understand why any member of City Council could possibly be in favor of such closure unless some former commitment was made. If thii were so the public meeting was a sham. Furthermore, we respectfully suggest that the sals of o cily avenue to a private developer creates a dangerous precedent. City Council hai never revealed tha price of the land. If Fourth Avenue were to be closed to provide a playground or park area and merged with the green-strip surrounding the adjacent reservoir for recreational purposes of the neighborhood children then perhaps the residents of the Glendala area would favorably consider its closure. However, under the present circumstances wo urge you to respect the wishes of the residents living in the area which would be affected by the passing of this By-Law and CITIZENS OF GLENDALE AREA AGAINST CLOSURE OF 4th AVENUE SOUTH. EDMONTON (CP) Hog prices to 11 a.m. provided by :he Alberta Hog Prod u c e re' Marketing Board: Edmonton: Quoted 24 to 24.10, selling 21.10, average Fri- day 24.55. Red Deer: Quoted 24.05, aver- age Friday 24.53. Calgary: Quoted 24.15 to 24.25, selling 24.25, average Fri- day 24.60. Lethbridge: Quoted 24.10, average Friday 24.57. Lloydminster: No sales, aver- age Friday 24.50. Sow prices 12.89. Hogs sold to 11 a.m. Hogs sold Friday provincial average 24.56. Dividends By THE CANADIAN PEEiS B.C. Sugar Rcfiaery Ltd., pfd. 25 cents: comirin 20 cents plus an snri 20 coats, both Jan. 23, record Jan. 8. T. G. Bright antt Co. Ltd., 10 cents, Dec. 31, record Dec. 11. B.C. SUGAR ANNOUNCEMENTS L. A. Wood John M. Reid The appointment of Lincoln A. Wood as General Purchasing Manager of B.C. Sugar and its subsidiaries, Canadian Sugar Factories Limited and The Manitoba Sugar Company Limited is announced by Forrest Rogers, President, Mr. Wood has been associated with the organization since 1936 and Is a charter member of the Purchasing Management Association of Calgary He will be located in Vancouver in his new responsibilities. The retirement of John M, Reid as General Purchasing Manager Is announced. Mr. Reid joined tha organization as an office boy In 1920 and has served the Company for 50 years, the past 39 years in his recent capacity. He is a senior active member and former presi- dent of the Purchasing Management Association. Round three of railway battle opens next week By JOHN Herald Ottawa Bureau 'OTTAWA Round Three of IB great railway battle over coal contracts opens isere Dec. with the twice-defeated Bur- ington Northern IncoiTorated- Kootenay and Elk Railway larhiership coming on stronger han ever. Their opponent Is the Cana- dian Pacific Railway. The ref- eree is the Canadian Transport Commission. A multi-billion-dollar busi- ness ha tog new Rocky Moun- ain coal production to market n the U.S. and Japan is the prize. It seems nearer BNI- i and E grasp than ever be- ore for two reasons: the leap- ng demand for then-ial coal o supply electrical utilities in he U.S. and Canada's desire o export more oil and gas to he U.S. The whole struggla between he two giant railways has been nfluenced by national policy hroughout and that seems o be shifting now. The nub of the question is vhether K and E, a subsidiary of Crow's Nest Industries Ltd. is to be allowed to build 80 miles of track from Sparwooct B.C., to the Montana border where BNI would add new rack connecting with its main- ine through the Pacific North- west. That question was decided In lound One on a political basis n 1968 by then-Transport Min- ister Paul Hellyer who made it a condition of developing Rob- erts Bank superport that Rocky ilountain coking coal must be lauled over an all-Canadian ail route to the port for trans- hipment to Japan, :LABI DENIED Last srping, Round Two was edded here by a CTC hearing 'hich denied the BNI-K and E laim, supported by the B.C. overnment, that only the rovince's consent was needed o build the 80-mile track to onnect with the now-famous alf-inch gap at tha border vith a new BNI Hne that would oin its mainline in the U.S. That round, won by the CPR, ras purely jurisdictional spar- ring and the coming hearing voll finally get down to the lerits of whether large amounts of coal should be add- d to the CPR unit-train traffic r be siphoned off southward to hauled over U.S tracks. Since the spring, however, oth railways have been ap- roached by 'a c-msortuun of. rivate and public electric util- ties in the Pacific Northwest o see if either supply to three 'mffiion tons on- iially of thermal coal for the next 35 years to a -iew plant kely to be sited in Montana. Thermal coal is a by-product the coking ooil screening nd washing process at Kai- er's, plant near Sparwood hich can't be -old now and jeates a waste disposal prob- m. The CTC tribunal will be ob- ged to weigh vEiy carefully ic potential doaale of reventmg waste s.'Bgheaps om piling uj> at Canadian nines while opining up a new 1 and lucrative export market. (Prices haven't been quoted for this particular proposal but elsewhere thermal coal has shot up a ton In the past year la the level because of the critical shortage in the US.) The odds on supplying this market rest heavily on the proposed BNI-K and E line and are 'heavily against the CPR Besides the thermal coal, the southward line is expected to feed 1.5 million tons of coking coal annually to the Kaiser steel plant at Fontana, Calif., at the price level of about 17 a ton. And, of course, about seven million tons of coke annually would be hauled over the U.S. tracks for Japanese export from Roberts Bank. (The only non-coal traffic projected f6r the new line would be about tons an- nually of wood products shipped to the U.S. from the Kootenay area.) However, perhaps the most Important single event that might decide the final outcome of the battle between the rail- ways will be an almost unno- ticed paragraph in tho official communique that wound up the annual Canada-U.S. ministerial talks here Nov. 24. Attention centred on the pros- pects of western Canadiac oil gaining free access to tha U.S. market next year. Virtually ignored was m- congruous U.S. ministers' agreement of "the importance of coal produced in the United States to the steel industry and to thermal power in eastern Canada and the importance of the Canadian market to United States producers." Join the 'IN' Crowd! IN Ownership! IN Management! IN Profit Sharing! Just like the many thousands of who have found that Co-op way of owner- ship and business know-how has provided them with oil of these things plus other bene- fits, you too can gain a new and exciting experience by joining the Purity Dairy Co-op Limited. THE MEMBERS OF PURITY DAIRY CO-OP LIMITED INVITE YOU TO JOIN THIS PROVINCE-WIDE CO-OP ASSOCIATION For full Information ask one of our members or phone the local office 327-1525 r OR CLIP AND MAIL THIS ENQUIRY PLEASE SEND ME INFORMATION ABOUT PURITY DAIRY CO-OP LIMITED NAME ADDRESS TELEPHONE PLEASE PRINT PURITY DAIRY CO-OP LIMITED I Enquire at your local office Edmonton, Calgary, i Lethbridge, Red Deer and Medicine Hat or any member. L__________________________________________ Opening your garage doors these cold wintry days. Install A Remote Control STANLEY-BERRY AUTOMATIC GARAGE DOOR OPERATOR An ideal gift for the mon who hos everything SPECIAL 48" x 90" x 4 MM. PREFINI5HED PANELLING LIGHT SKELETANE PER SHEET ONLY '2 OPEN A CRESniNE BUDGET ACCOUNT I CRESTLINE BUILDERS MARKET LTD. JNOEPENDINT ailllDING SUPPLY HEADQUASTERS" 123 30th Si N Phone 537.5444 or 3J7-5HO NO DOWN PAYMENT EASY MONTHLY TERMS ;