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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 8, 1970, Lethbridge, Alberta October 1, THI LtTHMIDGI HERALD 29 Next Wheat Prices Winnipeg MINES, INDUSTRIALS Supplied by Securities of mmmmiKA (CP) Oilseed lost early gains near the close of the Winnipeg Grain Ex change today as tte tradin volume dropped off but still BID OR SALE i.m. Ouolit) >.m. Dunn) BuotM) INDUSTRIALS Molsons B 13.00 East Malartlc by Canada Department of Agriculture) On offer to 11 a.m. 100 cattle. Receipts mostly butcher steers. Trade active. Good Stock Pr In Early TORONTO (CP) The Toronto stock market was down moderately i a mid-mornin trading today. On index, industrials fell .66 to 169.46, golds .24 to 165.99 base metals .14 to 99.33 an western oils .64 to 191.85. Volume by 11 a.m. was compared with at the same time yesterday. Losses outnumbered gains 14 to 103 with 222 issues un changed. Weakest sectors were oil refiners and steel. Among losing issues were Slater Steel down 1 to Falconbridge 1% to IBM to and Southam 1 to Rothmans gained to Toronto Star B H to Van Der Hout to and Stein berg A to MARKET LOWER MONTREAL (CP) Dip Trading nounced the sale of shares to the McConnell family of Montreal by Toronto businessman Grant Horsey. The price of the purchase, which represents 20 per cent of Crush's outstanding shares, was not disclosed. Falconbridge fell to Pacific Petroleum to Rio Algom to Velcron Industries to International Nickel to Imperial Oil to Bell Canada to and Noranda to Combined volume on th Montreal and Canadian Stoc Exchanges to 11 a.m. was shares traded, compared with at the same tim Wednesday. ACTIVE TRADE NEW YORK (AP) In an other surge of profit-taking sim ilar to the one that character ized Wednesday's early activity stock market prices slipped in active trading this afternoon. At noon the Dow Jones aver age of 30 industrial stocks was off 2.74 points at 780.94. Among Canadians, Canadian Pacific was up at an Hudson Bay Vi at Inco was off to Alcan a and Massey Vs at On the American exchang Javelin and Scurry were off H to and 22, respectively. Ju piter was down Vs to gains in most cases. Operations hi flax fell to a most nothing and prices fo lowed the downward trend Rapeseed, too, lost early good action as buying thinned out. An extremely light trade wa received in oats barley and rye but prices held fairly firm Total futures trading volume Wednesday was flax bushels, rapeseed .675 million and rye Export loadings of Canadian wheat involved bushels to Brazil, 430425 to China, 215, 281 to Ghana, to Ger many, to Pakistan, 610 400 to the United Arab Republic. Lakehead prices for 7.62V2 Noftn' 23.25 Falconbridge 146.00 p 6.00 Frobex 26' 8.50 First 1.00 13.50 Giant Y.K 8.60 rp 15.00 Gunnar 1.30 33.75 Granduc 8.00 16.75 Headway R.L. 11.50 22.00 Hollinger 36.00 n 23.87'A Hud. Bay M-S 22.25 10 50 Hydra Ex 21 26.25 Highland Bell 2.81 p A 10.00 Iron Bay 3.20 Pp 18.62V2 ISO 1.90 Pp Jollet Quebec .23 1487V2 Kerr Addison 11.25 41.00 Key Anacon .30 Afa 360 Labrador 33.25 Lake Shore 3.35 1325 Langls silver .071 2262'A Macassa 1.21 s'A 1600 Madsen R.L 85 Sd 275 Malartlc G.F. .67 J 1 JO Martin McNeely 12.50 Maybrun .25 ANKS Maclntyre 157.75 la 20.75 Meta butcher steers meeting good demand selling fully steady. The few stocker calves and feeder cows on offer sold steady. Choice steers 27 to 27.50; good 26.25 to 26.75; medium 25 to 26. Good cows 20.50 to 21.30; medium 19 to 20.25; earners and icutters 18 to 19. Good feeder cows 21 to 21.90; good stock steer calves 38 to 40; good stock heifer calves 32 to 33.50. Butcher hogs sold Thursday morning FOB Lethbridge base price 25.35. Calgary Livestock CALGARY (CP) On offer to li a.m., about 1.375 head; mostly good and choice slaughter steers and heifers. Trade was active. Slaughter steers and heifers were steady with heavy kinds discounted1 50 cents; cows were scarce but steady. Choice slaughter steers 27.SO to 27.90 good 26.50 to 27.25, medium 25.50 to 26.75. Choice heir fers 26.25 to 26.60, good 25.25 to 26, medium 24 to 25. Good cows 21.50 to 22.10, medium 20.25 to 21.25, canners and cutters 18 to 20. Insufficient replacement cattle or slaugiber calves were offered to establish a market. Hogs base price 25.60. Portland Livestock PORTLAND (AP) Cattle and calves, 30, too -jarce for trade test Wf> The government program to slash wheat production in Canada this year "has removed a substantial portion of the accumulated wheat surplus which was inhibiting the international wheat market and has encouraged a healthy diversification of agricultural Parliament was told today in the speech from the throne. But there was no .indication in the speech, read by Governor-General Roland Michener and prepared by the government, what form the program will take hi the next crop year. However Otto Lang, minister responsible for the Canadian wheat board, said recently that he would announce a new production plan soon and that it was unlikely it would be a carbon copy of this year's program. Governor-General Michener also referred in the speech to the "steadily rising trend" of export sales of grains. EXPECT NEAR-RECORD After a poor start, sales of soms Canadian grains are expected to be at near-record ley-els in the current crop year. The speech also mentions "the unanimous support tne government's nuua-tive in the development of national marketing agencies" by provincial premiers. "That en-operation will provide a basis for improved marketing structures for agricultural commodities, which will benefit both producers and consumers in almost all segments of agricultural said the A fivennSS bill to establish national marketing agencies died on the order paper in the Inst session of Parliament. A similar bill is to be introUuU-u early in t! j new session. 22.75 Hembln. Algoma Steel 13.37'A Power Cor Atco Ind 11.25 Allan Suoar 7.37IA Rothminj Bell Tel 43.62'A ft Co Brazil Trac 15.00 B.C. Tel Simpson's Burns 925 simp Seftr BC Forest 23.00 fteel of ci EC Sugar 15.50 Selkirk A CAE Ind 4.U Cdn Brew Traders B Chemcell 4.x Ml" col Cellulose 6.50 cal Power 55.00 Gas Coron Credit 1.20 CWN Gas 11.00 VerMtle Cdn Indust 9.25 Canada S S 24.87S4 Cdn Marconi 3.50 Weston'! B Cdn Vickers 3.50 Woodward Chrylier 33.00 Cdn CPR Zenl'l El Comlnco 20.00 1 Cons Bath 10.3714 Cons Gas Dist Sea 50.50 SKJI Dom Bridge 16.25 2SI5i Domtar 13.87'A SJn.m" Dom Textile 13.00 'or-uom Dom Stores M Dome Pete 70.25 Acme Fam Play Advocate Fd of Amer S2.00 Akaltcho St CdnOil 4.10 Area Mine Gen Motors 76.00 Belcher ro Gt Lakes Pap 18.50 Black Bay Gulf Oil Cda IB. 75 Bralorne Hawker Sid 2.05 15.75 Midrlm 36 a 15.75 Intern Mogul 10.62' 23.00 New Athona .17 20.00 New Calumet .26 New Imperial 2.10 Noranda 28.50 08 Norlhqate 11.50 sb. 2.00 opem'iska ____ 11.87' .56 osisko 30' 2.10 patino 32.2S -40 Pine Point 30.00 07 Placer Dev. 34.50 l.M p.c. Exp Dealers Elect Slate EDMONTON (CP) John Friesen of Peace River is the new president of the Automotive Retailers Association of Alberta. Dennis Marryat of Wetaski-win was elected first vice-president, Charles Lawrence of Edmonton second vice-president and J. R. Biddell of Edmonton treasurer. Area Paving Completed COLEMAN (CNP Ideal warm weather has favor ed the paving program beta done on Coleman streets b Everall Construction of Edmon ton. The crews have completec all of the west Coleman area all of the main street except small section at the east end and all of. Third St. The contractors are now working on Fifth and Sixt streets.-The main avenues of town have been paved from curb to curb and the other sections have been given a 26-foot-wide paved travel area. Shoulders have been, treated with gravel and oil. Work on the project is expected to be completed by Oct. Erie 16.00 Bethlehem 16.12'A Rayrock 130 Hiram Walk 43.25 Brunswick 4.20 Radiore 31 Imperial Oil Canada Tung. 2.05 Algom 15 75 imperial Tob 14.50 Cassiar S2.62V, Romarf Corp IS Int Nickel 45.25 Central Pat. 2.95 sllvertlelds 235 Int Pp Chlmo 1.23 sherritt Gordon Utilities Cons. Ram Indust Accept Coin take Laurentide i.oo Kelly Doug A .77 steep Rock 2.60 16 Siscoe 2.10 55 Tek Corp 7.05 11.00 Texmont 47 Mines 1.4? Upper Canada 1.95 nes 24.25 Western Mines 3.J5 0714 Wright Har. 1.38 1.14 Wlllroy 1.36 59.00 Windfall A 5.75 M Metro Stores 54.50 Deer Horn Massey Ferg D'Eldona McMillan Bloe Dome Montreal stock market wa lower hi moderate tradin, today. Industrials dropped .90 to 172.78, utilities .15 to 141.32, pa pers .14 to 87.73 and the com posite index .63 to 168.07. Bank: went against the downwan trend, gaining .42 to 180.73. Crush International Ltd. wa off to The company 32.00 Donalda Molsons A 14.00 Discovery MISCELLANEOL Vancouver, C "eed 275 B-c- inn 17'S International 3.60 Churchill Cop 2.3S E STOCKS coronation Credit 1.10 r L A 46.50 crestbk For Ind 7.37Vi r L P 72.00 croyden To Cast Vote In Byelection OTTAWA (CP) The new law giving the vote to 18-year-olds in federal elections gets its first test in byelections scheduled for Monday, Nov. 16, in the constituencies of Frontenac, La-belle and Lfagar. Jean-Marc Hamel, chief electoral officer, said he doesn't know yet what effect this would have on number of eligible voters in the three constituencies. However, he has advised returning officers to anticipate at [east a 15-per-csnt increase in eligibles from the 1968 election. Labelle was the biggest of the three ridings in terms of voter strength in the 1968 general election with eligibles of whom 73 per cent voted. Liberal Leo Cadieux's resignation to become ambassador to France brought on the byelection. In Frontenac, Creditiste Bernard Dumont created the vacancy by resigning to contest fte Quebec election earlier this year. The death of Conservative Jeorge Mirir brought on the vote in SEED PROCE NOTICE OF PAR] TO THE HOLDERS OF 7% S SERIES A OF WESTERN CANA DUE NOVEM NOTICE IS HEREBY GIVEN that made as of October 31, 1960, SEED PROCESSORS LTD. and B PANY, Trustee, succeeded by 1 as Trustee securing such de amount of 7% Sinking Fund D CANADIAN SEED PROCESSORS 1 ed distinguishing numbers and I ed principal amounts, have bee for redemption (in whole or in on the 1st day of November, 19 portion thereof called for redem ed on the 1st day of November thereof upon surrender of the so ed coupons appertaining thereto at The Canada Trust Company, Lethbridge, Alberla. Coupon Debentures in denor in full: A1472 A15W A1474 A1602 A1490 A1623 A1503 A1627 A1516 A1632 A1524 A1647 A1541 A1651 At 556 A16o6 A1559 A1667 A1568 A1672 Coupon Debentures in de called in full: A0011 A0133 A0015 A0137 A0018 A0140 A0028 A0149 A0032 A016S A0044 A0196 A0061 A0212 A0063 A0236 A0065 A0237 A0068 A0292 A0071 A0295 A0076 A0298 A0077 A0308 A0332 A0104 A0336 A0106 A0342 A0113 A0356 Coupon No. 20 due Nover (d from the Debentures before lolder in the usual way at any of Montreal. NOTICE IS ALSO HEREBY GIVES erms of said Trust Indenture pvcified in this notice as havin or any portion thereof to be SSORS LTD. IAL REDEMPTION INKING FUND DEBENTURES, DIAN SEED PROCESSORS LTD. BER 1, 1980. pursuant to the Trust Indenture between WESTERN CANADIAN ilTISH CANADIAN TRUST COM-HE CANADA TRUST COMPANY bentures, principa Series A of WESTERN TD. bearing the under-mention-Jtters and of the under-ment on-n drawn by lot by the Trustee art) out of sinking .fund monies 70, and such debentures or the ption will therefore, be redeem-1970, ct the principal amount id debentures with all unmatur-, in lawful money of Canada, 3rd Avenue at 7th Street South, ninations of each called A1703 A1784 A1705 A1S09 A1714 A1820 A1715 A1826 A1733 A1845 A1745 A1B52 A1753 A1868 A1757 A1878 A1763 A1784 nominations of each A0373 A0568 A0380 A0607 A038B A0631 A0398 A0638 A0409 A0652 A0425 A0669 A0430 A0673 A0435 A0674 A0447 A0716 A0450 A0729 A045] A0779 A0472 A0780 A0486 A0786 A0497 A0812 A0530 A0813 AQ540 A0860 nber 1, 1970, should be detach-presentation and cashed by the branch in Canada of the Bank that In accordance with the all interest on any debenture g been drawn for redemption sdeemed shall cease from and 1970. y of September, 1970. :ANADIAN SSORS LTD. ent and Secretary. Hog Prices EDMONTON (CP Prices today provided by the Alberta Hog Producers Marketing Board: Edmonton: Quoted 25.30 to 25.35, selling 25.35. Average Wednesday 25.36. Red Deer: Quoted and sell ing 25.25. Average Wednesday 25.58. Calgary: Quoted 25.35 to 25.60, selling 25.60. Average Wednesday 25.49. Lethbridge: Quoted and sell Ing 25.35. Average Wednesday 23.38. Ltoydminster: No market Average Wednesday 24.60. Grande Prairie: No market Average Wednesday 25.05. Totals hogs sold to 11 a.m 15.94 Cows selling 16.49. Total hogs sold Wednesday 4847, average Quits Film Awards Presentation TORONTO (CP) Bill Walker, a Canadian televisio personality, master of ceremonies for the annual Canadian Film Awards for the last three years, announced here he i resigning. This year's awards presen bation held here Saturday ha been criticized for being a shambles and for repeated er rors on stage. "I've given my time free fo iree years, and I'm not goini ;o be a patsy for Mr Walker said. He said errors that were made Saturday night "were in the Fired Near Hospital BUFFALO (AP) A city policeman was wounded fatally, a prisoner was killed and a sec ond policeman was woundet today in an exchange of gunfire outside Meyer Memorial Hospi tal. Patrolman Joseph O'Neil, 57 died while undergoing surgery for a bullet wound in the torso. Police said he and Patrolman Edward Young, 62, were shot by Elijah Wilkms, 33, of Buffalo as they and a third policeman were taking Wilkins to tte hospital. Wilkins grabbed a gun from one of the policemen ant began firing as all emergec from a patrol car, police said. Lieut. Leo Donovan, head o. the homicide squad, said Wilkins walked into Precinct 3 earlier in the day "obviously 1050 Dolley Varden -50 30.25 Fort Retjince' f. Giant Mascot 3.30 Pipe cranisle 13.00 p Industries .34 P "m B 280 frans interior" Brew Jericho 09V4 L FUNDS Kamloops Cop 11 cial 2.28 Lornex 7.85 :om 6.74 7.37 Lytton Minerals 4.65 5.10 New Cronln 08 i.30 5.82 New Imp Mines 2.07 F 4.26 4.67 Okanogan Helicop 3.20 5.53 6.07 Primer 21 er 11.59 12.70 Pyramid 61 v 3.03 3.32 Sliver Standard 1.46 t 5.12 5.59 T. C. Explora 37 F ..4.59 5.02 Trojan 35 .S. 10.85 11.89 Western, Mines 3.90 uit 6.26 6.86 Westcoast 'Res .22 me S 3.13 3.44 Western Explora 26 10.00 10.93 Ulica 75 5.02 5.49 Amr T and T ,K STOCKS n. Securities of Beef Futures WINNIPEG (CP) The Winnipeg beef futures market had contracts traded Wednesday in the March future at five points below previous close and some bids in the November at previous ctae levels. Open High Low dwe Nov. 2S.85b Jan. 29.05n Mar. 29.4! Payout At Record Levels TORONTO (CP) Dividend >ayments by Canadian compa lies this year are at record levels. Figures compiled by Bon gard, Leslie and Co., Toronto dace the payout for the first K months of the year at million, five per cent higher ban the total -for the corres ponding period of 1969. October payments total nillion, down from mil-Kon last October when Canadian Breweries declared an extra for a total of Value MONTREAL (CP) U.S. dollar in terms of Canadian unds down 3-32 to 3-16 Wednesday. Pound sterling down Va to -Social BARNWELL (HNS) Tho Relief Society opening socia was held recently at the Barn-well Cultural Hall. The husbands were invitee guests of their wives. Ninety attended. Decorations consisted of various types of outer space equipment. While calling out the "countdown" Mrs. Bruce Johnson struggled into her bulky space-suit. A skit in which Jean Bailey, Joan Anderson, Nadiene Nielsen, Evelyn Johnson, Evalyne Hansen, Ruth Anderson, Virginia Johnson and Delia Grigor participated, depicted the willing services of Relief Society visiting teachers throughout Steel Sid Oil of Chrysler Texas Gulf Comsat J2.75 Texas Co. Dupont 118.00 Woolworth Gen Motors 74.8716 69.75 15 W Oils 191.43 off 1.0 118.25 Volume YORK AVERAGE e'EIec 30 763.M off .6 31.75 3D Rails 157.33 off .1 AVERAGES 15 Utilities 107.27 up S 169.73 off 39 65 Stocks 250.91 Off .1 66.17 off .06 Volume CILH-Television Appointment JOHN (Jock) MULGREW The appointment of John (Jock) Mulgrew as Retail Sales Account Executive is announced by K. M. Wafosyn, General Soles Manager, CJLH-Telcvision, Lethbridge. Widely known and respected throughout Southern Alberta for his knowledge In advertising through his former capacity as Advertising Manager of the popular bi-monthly Ad-Viser, published by Southern Printing, Jock looks forward to offering his advertising know-how and CJLH-TV's facilities and assistance to all his new and former Harvester 24.aiTA TORONTO Kenn Coper lane, crashed and burned while attempting to land at Carswel! Air Force Base. Police said the )lane apparently exploded in he air and there was another explosion when it crashed. Only were the F-llls alow e d to fly after being grounded following a long series of crashes. at letnbriagg this 28th da WESTERN SEED PROCE! By J. J. B Executive WESTERN NATURAL GAS COMPANY LIMITED DIVIDEND NOTICES NOTICE is -hereby, given lhat the Board of Directors of this Company, has declared the Nlnaly-founh quarterly dividend of Twenty Cents (20c) per share payable on December 1st, 1970 upon the outstanding 4% Cumulative Preference shares to be paid to (he shareholders of record at the close of business on Monday, November loth, 1970. NOTICE Is also given that the Board of Directors of this Company has declared the Fifty-first quarterly dividend of Twenty-seven Cents (27c) per share payable on December 1st, 1970 upon the outstanding 5-Vi% Cumuative Preference shares to be paid to the shareholders of record at the close of business on Monday, November 1 6th, 1970. DATED at Calgary, Alberta this 2nd day of October. 1970. By Order of the Board, A. J. SMITH, EARNINGS By THE CANADIAN PRESS Canadian Pacific Investments Ltd., six months ended June 30: 1970, 39 cents a share: 1969, 3 cents. Dominion Bridge Co. Ltd., six months ended June 30: 970, 93 cents a hare; 1969, 47 cents share. Loblaw Companies Ltd., year nded March 28: 1970, 79 cents a share; 969, 56 cents. Metropolitan Stores of. Canada :td. six months ended July 31: 970, 1969, Futures WINNIPEG eon-racts were executed in the larch future on the Maritime lotato futures market Wednes-ay at prices even with previous lose. Bids at market level en-ered other futures. Open High Low Close Nov. 2.25D lar. 2.55 2.55 Pr- 2.73n May 3.25 CLUB Comer 13th St. ond 2nd Ave. N. IN THE CLUBROOMS TONIGHT, THURS., OCT. 8th "THE METROS" FRIDAY, OCTOBER 9th "THE INTERNATIONAL SET" SATURDAY, OCTOBER 10th J "COPASETIC MAGAFUS" j MEMBERS AND INVITED GUESTS WEEKEND SPECIAL ONIY flf tf f Friday at 12 noon PIUS lie 1 RENT A CAR 1 unlil noon Mon-A MILE Deny Automotive Enterprises Ltd. Contact Borii Koreshenkov, Rep., a Car 2nd Ave. and 8th St. S. Phone ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BtDG. TELEPHONE ;