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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 7, 1970, Lethbridge, Alberta 7, If 70 THE LITHMIDGI HHAift (7 III M I Market Lower In Early Trading TORONTO (CP) Prices were fractionally lower in mod- erate mid-morning -trading today at the Toronto stock mar- ket. Oh index, industrials dropped J2 to 169.39, golds .65 to 166.78, base metals .17 to 98.55 an western oils 1.22 to 193.43. Volume by il a.m. was shares compared with at the same time Tues- day. Losses outnumbered gains 124 to 109 with 191 issues un- changed. The decline interrupted three advancing sessions. MIXED MONTREAL (CP) -Price were mixed in moderate trading on the Montreal stock market today. Industrials reversed their re- cent upward trend, falling .64 to 17279. Utilities, climbed a frac- tional .05 to 141.27, banks .28 to 180.28 and papers .45 to 86.72. The composite index declined .41 to 168.03. Among industrials, Canadian fintts, steel and real estate. Among losing stocks, Falcon- bridge down 1 to bge was Slater Steel to Imperial Oil to Investors Over- seas 30 cents to Dome Mines to Lake Dufault 'Vt to Northgate to Roman five cents to Numac 10 cents to and Ulster Pete seven cents to Rothmans was up to Two Balance Sheets For Big Business EDMONTON (CP) Big business will produce two bal- ance sheets within the next five or 10 years, Peter Lougheed, Alberta Progressive Conserva- tive Leader said Tuesday. One sheet will show actual business operations, the other a company's position on pollution, marketing and hiring practices, youth education, conservation and other social issues, he said. Mr. Lougheed, speaking to the annual meeting of the Al- berta Automobile Retailers' As- sociation, said free enterprise will "receive a severe buffeting during the 1970s, but will re- spond to the challenge. The-issue of free enterprise versus the socialist way "is not just up to politicians, it's up to all of us." The opposition leader also said he is "deeply disturbed" 'by today's, drug problems but "with great and responsible ef- fort by those concerned, I think it will levsl off. Grain Prices Winnipeg Grain Flax International U111 i t i e s to Labatts to Scotts Vt to Sherritt Vt to Giant Mascot 15 cents to and National Pete 30 cents to MacMillan Bloe- del 'A to Labatt to CIL to Canada Cement Lafarge Vt to SSS'A, Canadian International Power Vt to and Weston Vt to Among senior mines and oils, Pacific Petroleum lost to Aquitaine to Texaco Can- ada to Imperial Oil to and Shell Canada VB to TransMountain Pipelines was up to Combined volume on the Montreal and Canadian Stock Exchanges to 11 a.m. today was shares traded, compared with at the same time Tuesday. PROFIT TAKING NEW YORK (AP) A wave of profit-taking hit the stock market today as prices slumped in active trading. At noon the Dow Jones aver- age of 30 industrial stocks fell 5.41 points to 777.M. Declines led advances on the New York Stock Exchange by more than 2 to 1. Among Canadian issues, Ca- nadian Pacific fell IVs points to Distillers Seagrams was at and Dome was down at On the American Stock Ex- change, Preston and Molybden- ite .each were up VB and Scurry Rainbow Oil and Jupiter Corp. off H. strength at the close of the Winnipeg Grain Exchange. Trade remained light. The oilseeds had commission house and exporter buying on light-hedges. Rye had locals and commis- sion houses active on both sides of the market. Some inter- month spreading continued. Prices were easier following the trend on the Chicago mar- ket. Feed grains had. domestic shipper buying for eastern feeders and light exporter in- terest. Prices were generally easier. Confirmation overnight of sale of bushels of flax to the continent was confirmed. Japan, on its weekly tender, took bushels of No. 2 northern. Volume of trade Tuesday was bushels of flax, of rapeseed, of rye. Prices for class two wheat for export to countries outside IGA: 1 Nor 2 3 4 1.67W; 1 Durum 2 3 IGA prices: 1 Nor 2 3 4 1.6714; 1 Durum 2 3 Grain table not availahl" at press time. AMC Price Increases Announced BRAMPTON, Ont. (CP) American Motors Canada Ltd. Tuesday announced suggested retail price increases for its 1971 models. The average price boost over 1970 models is 1.9 per cent L. G. Rice, president of the company, said wage increases evel change. One factor in price increase was installation of larger en- gines in some models. The four- jassenger compact Gremlin model mil have a suggested re- tail price -of for 1971, an increase of over the 1970 model. Ransoms Violin HOLLYWOOD (AP) A member of the Los Angeles Philharmonic Orchestra has paid for the return of a 236-year-old bass violin stolen from his home last week, police said. Milton Nadcl told officers here lie gave the money to an unidentified woman at a Hol- lywood service station, the re- covered the instrument, draped in a coat and topped by a hat, was in a telephone booth. He re- fused to say how much lie ori- ginally paid for the antique or how much it is worth. Manitoba May Sell Power To Minnesota WINNIPEG (CP) Mani- toba hopes to sell surplus hydro- electric power to the neighbor- ing state of Minnesota, along with electrical apparatus man- ufactured 'by Winnipeg-based firms, Industry Minister Leon- ard Evans said here. Mr. Evans, who recently re- turned with a ,23-member Man- itoba trade mission from Min- neapolis and St. Paul, told a news conference that the Northern States Power Co., of Minneapolis, is anxious to buy Manitoba power. He said once the multi-mil- lion-dollar Nelson River power project is completed by. about 1975, Manitoba will have periods when there is excess power available for export during the summer months. TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) Cilioo a.m. Quotts) 7.00 43.75 H.75 41.00 9.50 11M 15.25 4.75 Balloon Records CHRISTCHURCH, N.Z. (Reu- ters) A helium balloon launched at Christchurch air- port in 1969 has set world records by floating to a height of feet and circling the earth about 50 times in 448 days. The previous 441-day record was by a balloon launched more than 18 months ago by the same research or- Ghosl Sta- tion, 22.12% Pemblrn Pp 13.37VJ Power Corp 11.00 Price Co Rothmans St Law Corp Shell CDA Simpson's Simp Seers steel of on Selkirk A Texaco Traders Gp A t.tH Trans Mln Pp 6.75 Trans Can Pp 25.12'A Union Gas ll.no Union Oil Union carbide Wesleal. Weston's B Woodward's A West Cdn Si Zenith Elec BANKS 9.25 22.00 3.35 5.25 25.50 43.75 19.87'A INDUSTRIALS Molsons B Abltlbl...... 7.62% North, cent Alcan...... Algoma Steel Atco Ind Altan Sugar Bell Te Brazil Trac B.C. Tel..... Burns B.C. Forest B.C. sugar CAE Ind..... Cdh Brew cnemcell Col Cellulose cal Power CWN Gas Cdn Ihdust Canada s s Cdn Marconi Cdn Vickers Chrysler CPR........ Cominco Cons Bath Cons Gas Dlst Sea Dom Bridge Dorntar Dom Textile Dom Stores Dome Pete Fam Play Fd of Amer Gl Cdn Oil Gen Motors 61 Lakes Pap Gulf oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial OH Imperial Tob Int Nickel Int Pipe..... Inv Gp A Int Utilities Indust Accept Laurntlde KellyDoug A Loeb..... Loblaw A Metro Store Massey Ferg McMillan Bloe Moore Corp 13.J5 East Sullivan 14.75 t-a.conbrldoe 23.75 Frobex 5 First Maritime! J.JS Slant Y.K 12 62Vj Gunnar 19.00 Grinduc 32.75 Headway R.L, 16 73 Hollinger 75 Hud. Bay M.S 23 tJVi Hydra Ex. 1075 Highland Bell 26.50 Bay 10 00 It JoIIet Quebec Kerr Addlson Key Anacon Labrador Lake Shore Lellch Langis Sliver Macassa Madsen R.L. Malartic G.F. 5.55 149.00 .26 1.00 l.M 1.00 11.50 36.00 ll.f.O .22 2.95 3.75 l.'O .23 11.00 .30 33.25 3.30 1.50 1.21 .14 McNwIy 13.00 16.00 13.75 13.00 10.75 71.75 9.75 52.00 4.15 75.75 19.25 18.75 2.15 Molsons.A 10.25 Can Imperial Montreal 49.50 Nova Scotia Royal Tor-Dom MINES Acme Advocate Ash. Akaitcho Area Mines Belcher Iron Black Bay Bralorne Broulan Bethlehem 17.62'A Brunswick 43.25 Canada Tung. Cassiar Central Pat. 45.50 cntmo....... 24.87'A Conwest...... 7.37V4 Cons. Rambler Lake Cochenour 5.00 craigmont 5.25 DIckenson Mines 5.00 Denison Mines 5.67'A Deer Horn 25.00 D'Eldona..... ll.t2'A Dome Mines 25.00. Donalda 32.00 Discovery Mines 14.00 East Malartic 16.00 19.75 23.00 I nt 1.95 .47 2.00 .40 .07 1.62 .23 16.00 4.30 2.04 Mldrim...... rtflini, Iniern Mogul N5W Athona New Calumet New imperial Noranda Norlhgate Opemiska Osisko....... Patino....... Pins Point Placer Dev. P.C. EXp...... Quebec Man Rayroclc..... 23.37V4 Radiore 3.05 Rio Algom 1.23 Roman Corp. Silverfiftlds .77 Sherrltt Gordon .16 Silver Miller .56 Steep Rock SISCM 1.45 Tek Corp..... Texmont Upper Canada 1.16 Western Mines SJ.50 Wright Har. .24 willrov....... 1.25 Windfall 1.20 Yellowknlfe Br. 155.00 .16VS .34 11.00 .17 .27 5.40 28.50 10.75 11.50 .33 32.00 .76 .23 1.34 .33 15.50 5.65 2.30 .oa'A J.SS 2.1 J 7.05 .45 !.05 3.B5 1.36 1.37 .17 S.B5 Lower Price Level For Wheat Sales OTTAWA (CP) Otto Lsng, minister in charge of the wheat board, told the Commons Tues- day that major wheat sales have been priced at between fl.71 and a bushel, a lower evel than that established by he International Grains Ar- Replying to questions by for- mer Conservative leader John Diefenbaker, Mr. Lang said he s sure western MPs would ap- prove of selling wheat at "com. >etitive prices." He refused to say, however, what final payment would be made to farmers on sales of feed grain and barley. Potato futures WINNIPEG (CP) Contracts were made in. May futures at three to five points above prev- ious close levels Tuesday on the Maritimes potato futures mark- et. Open High Low Close Nov 2.25B Mar 2.55B Apr 2.73N May 3.25-.30 3.30 3.25 3.28 MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Rqadhouse and McCuaig) a.m. Quotes] LAST BIO OR SALE a.m. Quotes) a.m. Quotes! WESTERN OILS Horns Oil B 21.50 Dreyrus F U.S. 10.85 11.89 Alminex 6.10 Home and Pit 1.90 Asamera 16.50 Hudson Bay 5 14.50 Banff-........ Hudson Bay OH 41.00. B P Oil and Gas 5.55 Hudson Bay on P 56.00 Cdn South 4.70 Cdn Ex Gas 5.50 Ashland 10.25 Cdn Home a.50 Hugh Russ Pfd 20.50 Husky Oil 13.75 Husky Oil B Pfd 38.37'A Mulual In Husky oil War 7.2S Nat Res Equity Gr In Shares Invest Gr Invest Mutual Mutual Ac F Mulual Gr F Cdn In G and 0 Inter Prov P Wts (2.75 N W Fin Cdn Superior 38.50 Intl Utilities Pfd 29.87Mi H W Gr Central Del Rio 12.62'A Interprov S and P 6.50 Principal Gr Charter 6.35 Jefferson Lake 12.12'A Prov mutual Chleftan 10.25 Joutel Dynamic Pete 1.39 Kaiser Res Gr Plains 29.50 Kam Kotia Mill City 2.30 Mentor New continental 1.07 Newconex pacific Pete 1.12 Regent Fund 11.25 Royfund 1.35 United Ac .46W Universal Sav 5.79 6.36 3.14 3.45 9.97 10.90 5.00 5.47 4.93 5.42 4.38 4.B2 4.75 6.97 7.62 3.68 4.00 4.57 5.02 3.80 4.17 6.22 6.80 7.95 8.69 5.11 4.34 4.77 7.60 6.90 N Cdn Oil Numac....... permo Petrol Pinnacle Place Gas pander Ranger scurry Rainbow Spooner Western Decalta CALGARI Acroil Anaconda Pete Barons.Oil N Continental Plains Pete.......41 Western Warner .41 Madison.......27 Rexdale ........10 MISC. INDUSTRIALS .94 1.54 .98 1.45 .59 13.62'A 22.00 1.92 6.30 1.37 .08 .07 Gaz Metro 5.50 Gaz Metro Pfd A 60.00 Tr Cdn P 33.50 Tr Cdn P Pfd 40.50 T Cdn P Pfd A 62.50 Tr Cdn P War 13.00 __ Westcoast Tr 23.00 Atco Indust 7.12'A western Pacific 5.25 Aquataine......25.25 MUTUAL FUNDS Br New Corp 5.50 AGF Special 2.28 Cdn Brew A Pfd 29.50 All Cdn Com Cdn Brew B Pfd 34.00 All Cdn Divld Cdn Hydro Car 16.37'A Al Cdn Vent Cdn Pacific In P 24.87'A Arnr Gr F CPR Pfd 8.62'A Cdn Gr s Nest Indust 48.00 Cdn Invest F 6.50 VANCOUVER 28.75 Anuk.........21 Rank Organization 16.25 Arctic Mining .21 Shell Inv 32.87V2 Atlas Explnr .75 Shell Inv Pfd 30.33'A Beth Copper Shell Inv Wts 15.00 Bornite Ridge .15 W Cdn Seed Pro 2.70 Block Bros 355 White and Yukon 17.50 B.C. Sugar 15.01 PIPELINE STOCKS Capt Inter 3.65 Alta Gas Tr L A Coronation credit 1.10 Alta Gas (Nat) 24.00 Crestbrook F Ind 6.25 Cdn W Nat Gas 15.62'A Croyden Inland Nat Gas 10.25 Dolly Varden N and c Dynasty N and C B Pfd 30.00 Endako Fort Reliance Giant Mascot Granisle Key Industries Growers B Hy's Interior Brew Jericho .50 6.65 15.00 .48 3.ZO 2.90 2.60 4.40 .0? Lornex..........7.95 Lyiton Minerals 7.65 6.77 7.40 Madrona.........35 7.63 8.56 New Imp Mines 2.08 3.40 3.71 Okansgan Hellcop 4.65 5.10 Primer 5.28 5.80 Pyramid......, 4.26 4.67 Silver Stand Col Mutual 5.53 6.07 T C Explor Cmnw Inter 17.60 12.71 Trajan....... Cmnw Lev 3.03 332 Westcoast Res Corp Invest 5.11 5.5B Western Explor Home Oil A 21.37W Corp In St F 4.63 5.06 Utica Cygnus A 525 Cygnus B ........5.75 Cum Properties 12.50 Gt Cdn Oil .Sands 4.15 .22 .64 1.45 .38 .28 NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T 45.25 Montgomery Ward 20 Colds 1M.02 off 1.41 Anaconda Sears 70.00 10 Base Met up .3S Bth Steel 23.50 Sid All of N.J. 15 W Oils 192.19 off 2.46 Chrysler 4 Texas Gulf Volume Comsat......42.25 7exas Co 32.75 NEW YORK AVERAGES Dupont 120.25 Woolworth 34.00 30 Indust 776.77 off 5.68 General Motors Westlnghouse Elec 44.58 Gulf U.S. Steel 32.75 Int Harvester 24.75 TORONTO AVERAGES Kenn Copper 42.0 20 Indusl 165.11 off .46 20 Rails 156.50 off 3.38 15 Utilities 106.91 off .52 65 Stocks 248.27 off 2.63 Volume Livestock Report Leth bridge Livestock (Supplied by Canada Department of Agriculture) On offer to a.m. 90 cattle. Receipts mostly slaughter steers. Trade slow. All classes of butcher steers meeting fair demand. Prices steady with the odd sale to 27.40. Medium and good cows meeting pressure, prices 50 cents lower. The few feeder heifers on offer sold steady. Choice steers 26.75 to 27.25; good 26 to 26.50; medium 25 to 26. Good cows 20.50 to 21.30; me- dium 19 to 20.25; earners and cutters 18 to 19. Good feeder steers 27 to 31.90. Butcher hogs sold Tuesday f.o.b. Lethbridge 25.30 to 25.65 base price. Hog Prices EDMONTON (CP) Prices to 11 a.m. supplied by the Al- berta Hog Producers Market- ing Board: Edmonton: Quoted 25.25 to 25.30, selling 25.30. Tuesday av- erage 25.47. Red Deer: Quoted and sell- ing 25.30. Tuesday average 25.53. Calgary: Quoted 25.25 -to 25.45, selling 25.61. Tuesday av- erage 25.61. Lethbridge: No sales. Tues- day average 25.50. Llo-ydminster: No sales. Tuesday average 24.70. Hogs sold to 11 a.m. 447. To- tal hogs sold Tuesday (Provincial average 25.44. I Sows 16.26 at all points. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about head; mostly good and choice slaugh- ter steers and heifers. Trade was active. Slaughter steers were steady, heifers barely steady, cows scarce but steady and bulls steady. Choice slaughter steers 27.25 to 27.90, good 26.50 to 27.25, medium 25.50 to 26.2. Choice heifers 26.25 to 26.60, good 25.25 to 26, medium 24 to 25. Good COWS 21.5C to 22.20, medium 20 to 21. canners and cutters 18 to 19.75. Good bulls 23 to 24. I Replacement cattle were in short supply with most of-' ferings heavy steers selling at steady prices. .Good feeder steers more than 750 pounds 27.50 to 28.60. No stock or slaughter calves offered. Hogs base price 25.45. Portland Livestock PORTLAND (AP) Cattle and calves only sales slaughter and feeder classes mostly steady, some sales can- ner and cutter cows 25 to 50 higher. Slaughter, heifers choice 684 to 900 Ibs. yield grade two and four 28.60 to 28.90, individual 29; slaughter cows utility 18 to 21, individuals 21.50 to 21.75, cutter 16.75 to 20, canner 12 to 16.50; slaughter bulls commer- cial and good 26 to 29. Utility 22 to 23; feeder steers several lols to Ibs. 1 holsteins 23.80 to 24.80; feeder cows utility and commerc i a 1 118 to 19.75. Red Guerrillas Challenge Government BANGKOK, Thailand (Reu- ters) More than trained and armed Communist guerril- las are challenging government authority in provinces bordering on Laos, Cambodia, Burma and Malaysia. In the north the guerrillas are estimated by United States counter.insurgency experts to number On Sept. 20, they climaxed a long string of ambushes and armed clashes with government border patrols by killing the provincial governor of Chiang Rai, his police chief and the third regional army chief-of- staff in a trap. the same jungle-clad prov- ince, the government is faced with a force of Chinese irregu- lars who have set up fortified villages. The irregulars are the rem- nants of the Nationalist Chinese 93rd Kuomintang Division which was driven out of China by the Communists 20 years ago: So far, the government has resisted calls to suppress the ir- regulars, partly because they are at least anti-Communist and the government troops are al- ready hard-pressed. The government has decided to bring its armed forces up to full strength and recall combat troops from South Viet- nam. In Tak province, also on the border with Burma, guerrilla ambushes have halted work on an 80-mile strategic road, much of which crosses opium fields cultivated by rebellions Meo tribesmen. Tak province also harbors about 300 Bumese rebels who work with about Karen mi- nority rebels across the border for the overthrow of the Gen. Ne Win's government in Burma, So far, the Burmese and Karen rebels have, shown no animosity to Thailand. Since the fall of Norodom Si- hanouk as Cambodian head of state in March, when Commun- ist forces swept quickly across the western provinces of Cam- bodia, Thailand has reinforced its border there with armored troops and navy marines from other parts of the country. In the central and southern provinces of Phatthalung, Nak- khon SiThammarat, Surat Than! and Prachuab Kirikhan, which are also on the Burmese border, the situation is reported serious for the Thai govern- ment. U.S. experts say there are signs that these guerrillas are now in contact with the stronger and belter-organized guerrillas operating farther south along the Thai-Malaysian border. The experts say these latter are the remains of the outlawed Ma- layan Communist party and now number between and well-trained men. Beef Futures WINNIPEG (CP) Trading was light Tuesday on the Win- nipeg live beef futures market with bids at previous dose levels but no offers in Novem- ber and January contract. Open High Low Close Nov 28.85B Jan 29.05B Mar 29.50A BEAVER CASH CARRY BUYS Serve younelf pay cash lead your car and save money at Beaver! Cash Carry prices effective 'til Saturday only to hurry! 4' x 4' Decorator Ceiling Panels .69 Cover 16 square feef fit a lime! Easy to install 4' x 4' grooved panels. Silver Glint, CASH CARRY........... Fibreglas Insulation Special! Keeps you warm in winter coo! in summer! Easy to in- stall R-7 214" x 100 Sq. ft. rolls. CASH CARRY........... 2 cial! 5 Ceiling Tile Sale! Velvetex 12" x 12" or 16" x 16" tilet. Replace your dirty old ceil- ingi with easy to install, plain, ultra-white tiles. 64 squire foot carton. CASH CARRY J I i CASH V.AKKT