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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 1, 1970, Lethbridge, Alberta Ottoktt 1, THI LITHMWttl HHAIB II Toronto Prices Slightly Lower TORONTO (CP) Prices turned lower in liglit raid-morn- ing trading today at the Toronto stock market, On index, industrials were down .06 to 165.81, base metals .25 to 97.18 and western oils 1.14 to 190.62. Volume by 11 a.m. was shares, down from at the same time Wednesday. Losses outnumbered gains 110 to 98 with 148 issues unchanged, Weakest sectors were bever- ages, steel and chemicals. Among losing stocks, Abitibi was down to The United Papermakers and Paperwork- ers Union said it has broken off talks with Abitibi and will urge its members to strike the company this weekend, Other losing issues included Investors-Overseas, which dropped to Home A to Neonex 40 cents to 40, Pacific Pete to OPR to CBelftain to Canadian Superior Oil to Siebens 30 cents to Banff Va to and Ranger to Trans Canada Pipe Lines was up to Westcoast Trans, mission to Interna- tional Utilities to Xellers to and Sherritt to PRICES MIXED MONTREAL (CP) Prices were mixed in light trading today on market. the Montreal stock Black, White TV Tubes Qn Way Out TORONTO Canadian General Electric Co. Ltd an Bounced yesterday it will sto manufacturing black and whiti television tubes by the end o the.year and dose the Toronti plant where tubes now are made. company statement sai CGE will continue to build blac Industrials were up .21 to 68.49 and papers .49 to 88.03 vhile utilities declined .11 to 40.31 and banks .65 to 177.19. Tie composite index rose .06 to 64.50. Highlighting advancing issues, Cork rose to In- .ernational Utilities to Texaco Canada to Pa- ific Petroleum >A to and Southam Press to Among losers, Petrofina Can- da fell to Consumer Glass to Velcro Indus- ries to and Noranda and Cominco to and espectively. Consolidated Textiles gained to Rio Algom to 16% and Trans Canada Pipe Lines to SLIP NEW YORK AP) Wall Street prices slipped lower early his afternoon in moderate trad- ing. At noon, the Dow Jones aver- age of 30 industrials was off 2.33 at 758.35. Declines held a 3-to-2 lead iver advances on the New York Stock Exchange. Analysts said the market was iharacterized by an absence of either buying or selling interest. The lewish New Year holiday was in part responsible for the owe- volume, they added. At noon, the Associated Press 60-stock averages was off 0.5 to 260.3. Prices included Sony up 1 to Control Data off 1 to and U.S. Steel off to Among Canadian issues, Alcan gained Vs to Cana- dian Pacific to and Dome Mines to Inco was off at and Massey-Ferguson to On the American Stock Ex- change, Scurry Rainbow was down at Livestock Llveftoek (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 160 cattle. Receipts mostly butcher steers and slautfiter bulls. Trade was slow. All classes of butcher steers EKCting pres- sure prices 50 cents lower. Butcher heifers were also meeting pressure. Prices 50 cents or more lower. Good bulls were selling barely steady in the tower quotations. No re- placement cattle in early trade. Choice steers 27 to 27.50; good 26 to 26.75; medium 25 to 26. Choice heifers. 25.50 to 26; good 25 to 25.50. Good bulls 22.50 to 24.50. Butcher hogs unsold Wednes- day. Calgary livestock CALGASY (CP) On offer to 11 a.m., about head; mostly good to choice slaughter steers and heifers. Trade was moderate. Slaughter steers sold barely steady, heifers steady to 25 low- er, cows scarce but steady. Choice slaughter steers 27.50 to 28.10, good 26.50 to 27.25, me- dium 27.75 to 26.25. Choice heifers 26.25 to 26.70, good 25.25 to 26, medium 24.50 to 25.25. Good cows 21.50 to 22.20, me- dium 20.25 to 21.25, canners and cutters 17.50 to 20. Eeplacement cattle were hi short supply with most kinds offered heavy steers selling at steady prices. Good feeder steers more than 750 pounds 27 to 29.60. No stock or slaughter calves offer- ed. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (SuppBed by Doherty, tnd LAST BID OR SALE a.m. Ovetei) Quoin) OUWw) WISTHN OIL! Jout.l Almln.x Kilstr Rn. Asimtri Notli Banff 12.7S L Onf Port Cem S.K Menlor 4.40 NewcoMX 4.45 1.50 Rank Ori IOJJ Selkirk .72 Shell Inv. 31 so Shell Inv. Pf -15.37'A Shell Inv. WIs 625 Sicks' Rainier IIP OII-Gn Cm Sovth CDn Ex Cdn Home Cdn Ind Gis-OII Cdn Long li. Cdfl Super Cent Del Rio Charier Chieftain Dynamic Pete French Pete Gt Plains Mill City New Contl North Cdn Oil Numac Permo Petrol Place Gas Ponder Ranger Scurry Rain Spooner MS West Dtcalt Organ Hold 1.14 Group In 5 11.1714 Invest Grow 1.43 Invest Mut 1.85 IDS Venl .50 Mut AC F Mut 0 Fund 30.00 Mutual In 15.17'A Nat RB 10.50 N. W. Fin 31.50 N. W. Grow Principal G J.W e.7l 10.70 4.W 3.27 4.11 4.30 4.73 3M 4M 4.86 J.71 4.07 13.67'A Provident Mut 6.10 6.68 7.05 1.11 1.02 7.10 1.10 Welt Cdn Seed Whltepass-Yukon CALGARY Acroll Anaconda Barons Oil..... North Contl Western Warn Madison...... Rexdale 3.62'A Regent F Ruytund 17.50 United Accum Universal S 7.12 8.54 4.86 5.02 4.27 4.6? .28 .10 MISCELLANEOUS Atco Ind AQuatalne Brit Nfld Cor Cdn Brew B Pf Cdn Hy Car Cdn Pac In Pf CPR Pfd Crows Nest In Cygnus "A" Cygnus "A" Cum Prop Gt Cdn ON Sn Home Oil "A" Home Oil "S" Horne-Plt Hud. Bay Co. Hud. Bay Oil VANCOUVER 1.38 Anuk Artie Mining M Atlas Explor .02'A Beth Copper Bornlte Ridge Blcck Bros..... Brenda B.C. Sugar..... Cap Internet Church Copper Coronation Cred Crest Forest Ind GilMetro 5.i2'A Vardin 10.87V4 Gaz Metro A M.CO Dynasty...... J455 Trans Can P 31.50 Endako 512V4 Tr Can P P Giant, Mescot J325 Tr Can P P A 59.50 oranlsle lndu-strlM jJ5 Westcoast Trans 1.50 I'M "pTrfLiHii STOCKS 40 Alta Sas T It L A 44.2! u'so Alia Gas (Nat) 22.50 Inland Nat Gal 10.00 North and Cent 15.00 Norm and Cent B 29.25 47.00 5.25 6.00 11.50 4.00 20.75 21.50 2.05 14.25 42.25 11.00 11.6JVS Growers B 22.00 Hy's .20 .77 3.25 10.50 15.25 3.45 2.30 1.00 7.75 .37 .50 15.00 2.85 12.25 .32 ..2.50 iM 2.05 Steel Experts To Visit Kaiser Hud. Ba'y Oil Pf 54.50 Hugh Rus Pfd 51.25 Huskv Oil Husky Oil Husky on war West Pac 5.12'A mter Brew MUTUAL FUNDS Jericho A.G.F. Special 2.23 Lornex All Cdn com 7.12 Msdrona All Can Dlvld 7.59 a.30 New Imp M ties A Cdn Vent 3.33 Okanagan Hellcop 3.5 Anieri Grow f 4.78 Primer ..........17 Can Grow 5.12 5.43 Pyramid ...75 Cdn Invest F 4.24 4.74 Silver Standard 1.45 Colect Mut 5.45 C. Explorations .40 Common Inter 11.34 12.O Texmont........ M Common Lev 2.93 3.21 Troan ........el-00 Tz'42'A Corp Invest 5.03 5.50 West Mines 640 Corp In S F 4.54 4.94 Westcoast Res .IS o.ov i-ap_ ..._.....m ]1H West .23 SSS? .79 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE ouotes) Ouoleil a.m. Quotes) INDUSTRIALS Beef Futures WINNIPEG (CP) The Winnipeg live beef futures mar- ket Wednesday had some act- ivity in January at 10 points be- low the previous close levels. There were 10 contracts Tues- day, OPEN CLOSE Nov 28.80A Grain Prices Winnipeg Grain Prices WINNIPEG (CP) All com- modities on the Winnipeg Grain exchange had only light trading today with flax futures closing on a trend to higher prices. Flax prices were on the easier level most of the day after heavy hedge offerings and commission house liquida- ;ion pressure at the open had them as much as four cents below previous close levels. Heavy exporter buying near the close had deferred futures on a recovery pattern. There was some scale-dgwn exporter buying in rapeseed, but it had little effect on prices. Oats and barley were quiet with rye trade improving slow- ly most of the day. The volume of trade Wednes- day was of rapeseed, of flax and of rye. Export loadings Canadian wheat Wednesday included bushels to Britain, 568 to Algeria, to Ger- many, to Ghana and Abitibi Alcan Algoma Steel Atco Ind..... Alton Sugar Bell Tel..... Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind..... Cdn Brew cehmcell Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indus! Canada S S Cdn Marconi Cdn Vlckers Chrysler CPR........ Cominco Cons Batn cons Gas DIst Sea Dom. Bridge Domtar..... Dom Textile Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cd Hawker Sid. Huron, Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe..... Inv Gp A Int Utilities Indust Accept Laur.entide Kelly Doug A Loeb Loblaw A Metro Stores. Massey Ferg McMillan Bloe Moore Corn Molsons A 7.50 Molsons B 21.25 North, cent 13.12'A Pembina Pp 10.75 Power Corp 7.12'A Price Co Rothmans 15.S2V1 St Law Corp 41.50 -Shell CDA 5 50 Simpson's 52.50 Simp sears 1525 Steel of Can 4.85 Selkirk A 7.62VS Texaco 4 BO Traders Gp A 6.00 Trans Mtn Pp 24.S2VZ Trans Can Pp 115 Union Gas 10.50 Union Oil 9.2S Versatile Mtg li.Ol Westeel 3 50 Union Car 6 00 Weston's B 26 75 Woodward's A 63 50 West Cdn Sd 20.62% Zenith Elec 10.25 BANKS 18.50 Can Imperial 48 50 Montreal 16 00 Nova Scotia 13.62'A Royal 1275 Tor-Dom 71 50 Acme....... Advocate Asb. 00 Akaitcho..... 3.90 Area Mines Belcher Iron 1925 Black Bay 17.87'A Bralorne..... 215 Broulan...... 17.75 Bethlehem 4300 Brunswick 1850 Canada Tung. Cassiar 43.75 Central Pat. Chlmo....... Conwest 29 Cons. Rambler 15Jm Coin Lake 5 oo Cochenour Craigmont 512Vi Dickenson Mine 5'g7u, Denison Mines jf'oo Deer Horn D'Eldona..... Mines 25.12'A East Moiartic 32.00 East Sullivan Falconbrldge M.oo Frobex H.75 First Maritlmes 22.25 Giant Y.K 5.87V2 Gunnar 7.75 Granduc 11.25 Headway R.L. 19.00 Hollinser 31.50 Hud. Bay M-S 16.7! Hydra Ex 21.00 Highland Bell 23.25 Iron Bay !0.62Vi Uo 2550 Jollet Quebec 10.00 Kerr Addison 18.37'A Key Anacon 31.75 Labrador Shore 36.00 Leitch 4.25 Langls Silver 9.HV2 Macassa 13.62'A Madsen R.L. 2200 Malartic G.F. 16.37VJ Martin McNeely 2 30 Maybrun 1.55 Maclntyra Mela 20.75 Midrirr. 15.12'A Intern Mogul 19.25 New Athona 22.62'A New calumet 1987V2 New Imperial Noranda OSVj Northtiate 200 Opemiska 47 Osisko 1 po Palino 12 Pine Point 07'A Placer Dev. 1.55 P.C. Exp. 25 Quebec Man 16.12'A Rayrock 450 Radiore 2.08 Rio Algom 21 871-} Roman Corp. Sllverflelds l'22 Sherritt Gordon 11 '75 Silver Miller Steep Rock 1.01 7.80 1.33 8.05 11-50 35.00 20.50 20'A 2-80 3.20 1.88 .23 10.50 .31 33.00 3.25 1.46 .07 1.25 .85 -70 13.00 -25w 152.50 K'A 32 10.50 .16 .27 2.05 11.50 29 31.50 31.00 34.50 77 -23 1.30 .31 16.1214 6.30 2.10 18.62W .07 2.75 VANCOUVER (CP) Six Japanese steel experts arrived here today to start 10-day tour across Canada to examine coal mining operations, steel mill coking facilities and t proposed 490-mile coal-carrying pipeline route. The visit, sponsored by Cas- cade Pipe Line Ltd., a wholly- owned subsidiary of Canadian Pacific, begins today when the Japanese group tours the new port at Roberts Bank. CP Bail operates a unit train system to Roberts Bank carry- ing tons of coal daily for export to Japan. The tour will also include other bulk ter- minals in the Vancouver area. Cascade Pipe has served no- tice that it intends, to apply for a permit to build a 490-mile pipeline to carry British Co. lumbia coal in ilurry form from the Kootenay area to Rob- erts Bank for export to Japan. The timetable for the million project called for com- pletion of engineering studies, surveys and right-of-way de- velopment during 1970 and 1971. Friday the group leaves Vancouver by special bus fol. lowing the proposed pipeline route to Cranbrook, B.C., 500 miles east of Vancouver in the Kootenay Valley. Saturday, the Japanese mis- sion will visit the Kaiser Re- sources Ltd. coal operation at Sparwood, B.C., and the Ford- ing Coal Ltd., facilities, where in 1972, CP Rail will expand its unit train system to handle s 15-year, 45 million-long-ton coal contract between Fording Coal and Japanese steel interests. The group will visit Calgary and later Edmonton. A four- ay tour will take the party to coking ovens of the Steel Of Canada Ltd. in Hanul- DC. A tour of testing facilities the energy department lab- in Ottawa, and a ghtseeing visit to Niagra alls. The Japanect mission winds its visit by travelling to ouston, Oct. 12 for a tour of cst pipe loop facilities at Shell il company's hydraulic re. search laboratory. 'lj SIscoe........ 2.25 '55 Tek Corp..... Texmont 1.40 Upper Canada 25 no Western Mines '071A Wright Har. l'l8 Willroy....... rR'ns Windfall 110 Yellowknife Br. Zenmac 6J5 M 1.85 4.00 1.35 1.38 -12Vi 5.90 .11 Tito, Nixon Pull No Punches BELGRADE (Reuters) President Nixon discussed a wide range of world problems with the Middle East in top spot, with President Tito today The two leaders met for a fti session of talks this morning fol lowing a shorter meetini Wednesday night. The talks with Tito represen an important stage in Nixon' diplomacy in the Mediterranea area, the focal point of his five- nation European etour. The two presidents exchangee unusually frank toasts at a state dinner following Nixon's arriva lere Wednesday from Italy o the first visit to Yugoslavia b an American president. During the toasts Tito mat Rousing Starts Down OTTAWA (CP) Housing starts in cities between Janu- ary and August this year to- ailed units, 33.9 per cenl ewer than the units be- gun in the same period las Central Mortgage and lousing Corp. reported Wednes ay. In August alone starts totalle< units, 15.2 per cent fewe than the same month last year The August housing starts brought the seasonally-adjusted annual rate to up mar ginally from in July. Classified by dwelling type row housing was the only group with more starts this Augus han last. Starts in this grou] rose to from 724 uiiitS las 'ear. Single detached, semi-de ;ached and duplex houses apartments and other types de- clined between 15 and 27 pe cent for the month. The high activity in row nous concentration on low-in come reflected in sharply increased figures for a :ypes of CMHC loans, a 574.7 percent increase in August ove ie same month last year. CMHC received loan applica tions for units during th month compared with las year. This included application, [or aid to low-income groups to tailing units, 508.5 pe cent higher than the fo :ast August. The largest increase fo CMHC loans was in application by owners and builders. these were 802.8 per cen higher than last year. SWIFT APPOINTMENT J. F. GOUGH W. A. Mill, Executive resjdent, Swift Canadian Co., imfted, has announced pointmet of J. F- Gough icnager of the Company's ieef plant now under comtruc- ion at Lethbridge. Prior to this .appointment Mr. Gough was manager of "ompany's Maritime region and meat packing plant ot.Moncton, Brunswick. Mr. Gough began his career with Swift at Edmonton In 1945. He has held salei, beef, lamb and and general manage- ment positions at Edmonton, Cal. gaiy, Toronto and Moneton. Crow's Nest Reports Loss FERNIE (CP) Crow's Nest Industries Ltd. reported a net loss of or a share for the first six months of 1970 compared with' a profit of or 26 cents a share, in the same period of 1969. The company reported excel- lent progress in logging and milling operations, but losses in the forest products division and from expensive exploration in the East Kootenay for coal. Boost Price Of Newsprint VANCOUVER (CP) Brit- ish Columbia Forest Products Ltd. has followed the lead of two other timber companies and announced an increase of a ton for newsprint. Similar increases were an- nounced earlier by MacMillan Bloedel Ltd. and Crown Zeller- bach. The BCFP price increase will go into effect Jan. 2, 1971. COMPUTER ACCOUNTING AND and white receivers at anothe roronto plant and wiii acquir secure tubes for these sets, an or .GE distributors selling tubes, from other Ca nadian sources, mainly Cana dian Westinghouse Ltd. The statement said there wa a "rapidly declining market 'or the black and white tubes Reasons given were: Increaset sales of foreign-made rubes, in creased consumer demand fo color television and. a trend b North American manufacturer to acquire component par from plants in the Far 29.00 29.00B Mar to Russia. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 .3 4 1 Durum 17914; 2 3 1.67V4; 4 162V8; IGA prices: 1 Nor 2 3 1.7H4; 4 1 Durum 1.7814; 2 1 Durum 1.79Vs; 2 3 4 High Low Close Flax Oct 266% 263 263% NOV 260% 258% 260 Dec 244% 240% 244% May 252% 250V4 TUKK. aiUlftd Supplied by Richardson. Securities of Canada Amr T and T Montgomery Ward 37.J5 JO Golds up 1.7! Anaconda 21.62'A Sears 10 Base Metals 97.94 up 51 Bth Steel 21.75 Sid Oil ot N J 6S.87VJ 15 West Oil 190.53 off 1.23 Chrysler 26.62W Texas Gtuf 117.00 Volume Comsat 45.50 Texas Co 31.25 NEW YORK AVERAGES Dupont 117.75 Woolworth 33.87'A 30 Indust off 2.76 General Motors 72.25 Westinghouse Etec 64.50 20 Rails 153.51 up .OS Gulf 27.62W U.S. Steel 32.00 15 Utilities 107.97 off .22 int Harvester 23.25 TOROKTO AVERAGES 65 Stocks 245.08 off attempt to.r.iue ms criticism of American policies in Vietnam and the Middle LIU. Data Processing Services 507 CANADA TRUST BLDG. TELEPHONE 328-7883 Prices WINNIPEG Maritime Potato futures market was inactive Wednesday witn some offers but no buyers. There was only one contract Tuesday. CLOSE Nov 2.25B Mar 2.55B Apr 2.73N May OFTEN Seme species of bamboo, giant perennial grass, bloo only once every 120 I EDMONTON (CP) 25.60, selling 25.50. Wednesday average 26.08. Lethbridge: No sales Wednesday or today. Lloydminster: No sales Wednesday or today. Grande Prairie: No sales Wednesday or today. Sows at all points 17.35. Total hogs sold to 11 a.m. Total hogs sold Wednesday Provincial average SIMPSONS-SEARS Downtown Catalogue Office 740 4th Ave. South For Lease Square Feet and Basement Contact MR. J. ABLE Operating Supt. ALL CLASSES INSURANCE AUTO HOME BUSINESS FARM 237% 232Vi 234 Jan 232% 228 Mar 226% 224% 226 May 224% 222% Rapeseed Thunder Bay Oct 237 232 234% Dec 11 a.m. supplied by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 25.25 to 25.60, selling 25.50. Wednesday average 26.15. Red Deer: Quoted 25.50. Selling 25.50. Wednesday average 26.34. Calgary: Quoted 25.50 PHARMACIST REQUIRED FOR RETAIL DRUG STORE In LETHBRIDGE Good salary, fringe benefits. Including Pension plan and insurance. Reply, with reiumt of uperiencc, to Box 112, Lethbridge Oats Oct 92V4 MT's 90% Dec 89 88% 89 Jly 92Vi Barley Oct 126% 124 125% Dec 125% 124 125 May 128 126% 127% Jly 127% Rye Oct 102% 102% Dec 106 104% 105% May 113% 113 113% Jlv RENT Building with Sq. Ft. or Less Located on 3rd Avenue) with good parking Feasible for any type of business Write Box 24, Lethbridge WESR and THE INDIAN Proudly Present THE INTERNATIONAL ALL-INDIAN INDOOR RODEO and SHOW COWBOY RODEO ASSOCIATION IN THE LETHBRIDGE EXHIBITION PAVILION Only the top 10 finalists in each event will be competing RODEO STOCK-FROM McGOWAN RODEO e ANNOUNCER-BILL HOLT, M1SSOULA, MONT. OVSR IN PRIZE MONEY O M AT 8 P-M- SATURDAY AT 8 P.M. 1 A M T AT 2 P.M. TROPHIES FOR ALL EVENTS Bareback bronc riding Sr. Girls' Barrel Racing Calf roping Boys. Steer riljing as? Jr. Girls' Barrel Racing Brahma bull riding ADDED EVENTS: Joe Saddlebock end Ml world famous donee troupe- with his two sons. Miss Laverna McMaster, Miss Indian Princess of Canada. Blood Indian Dance Group (all 5 years) Mickey Bagnell, Rodeo Clown and Advance Ticked on Sale at Herb's' Wtrtsm Werr, Marcol'i Club Cigar Store, Marcel's Smoke Shop and Doug's Music ond Sportl Adults S2.0O, Sludenti (13-18 with cards) Sl.OO, Children (12 and under occompan led by parenli) FRIDAY IS FAMILY NIGHT MAN, WIFE and 7 STUDENTS S3.0O ;