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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 14, 1970, Lethbridge, Alberta 24 THE LETHftXIDOl HHAID W.dneidoy, Oclabtr 14, Market Declines In Light Trade TORONTO (CP) The To- ronto stock market was down fractionally in light mid-morn- ing trading today. On index, industrials fell .15 to 167.88 base metals .45 to 97.70 and western oils .62 to 187.17. Gold rose 4.04 to 177.43. Declines outnumbered ad- vances 126 to 65 with 177 issues unchanged. Volume by 11 a.m. was shares compared to Tuesday. Weakest sectors were mer- chandising, banks, beverages and clttmicals. Eleven of the exchanges 17 sub-indices were lower. Among losing issues Canadian Tire A dropped to Royal Trust to Molson A to Price to and International Utilities to Investors Group lost lk to Bow Valley to Ca- nadian Imperial Bank of Com- merce to Crush to and National Pete 15 cents to 4.55. Mattagami gained 1 to Shemtt to Iso 13 cents to and Spooner 13 cents to DOWNWARD TREND MONTREAL (CP) The Montreal stock market contin- ued, its downward trend follow- ing recent declines on Wall Street today, as all sectors ex- cept papers were off in moder- ate trading. Papers were un- changed. An additional common' shares of Trizec Corp. have been added to the list of the Montreal Stock Exchange. This additional listing covers com- mon shares reserved for issu- ance under the terms of the company's executive incentive compensation plan. Trizec was unchanged at Highlighting declines, Dome Petroleum was off to Hollinger to Royal Trust to International HAY AGENCIES LTD. APPOINTMENT JACK C. HIGGINS Hay Agencies Ltd., College Mall, Lethbridge, Alberta is pleased 1o announce that Jnck Higgins has joined the Residential and Commercial Department as a Sales Consultant. Jack has many friends from his fJ years in Leth- bridge in the Automobile and Real Estate Sales, and would ask them, along with anyone that is needing assistance, to call on him. Utilities to and Zellers to In other losses, Canada Ce- ment Lafarge dropped Vt to Noranda Vi to Scott Lasalle to Aquitaine to and QSP Vt to Falconbrid'ge climbed to TransCanada PipeLines to International Nickel to Velcro V4 to Alcan to Imperial Tobacco Vt to and Canadian Brewer- ies to On index, industrials were off .29 to 170.78, utilities .15 to 140.16 banks .60 to 178.03 and the composite index .29 to 166.7 while papers were unchanged. Combined volume on the Montreal and Canadian Stock Exchanges to 11 a.m. was shares traded, compared rath at the same time Tuesday. PRICES MIXED NEW YORK (AP) Stock market prices, apparently under continued pressure from profit-taking, turned mixed today in moderate trade. At noon, the Dow Jones aver- age of 30 industrials was up 0.14 at 760.20. Earlier the Dow had been ahead nearly 1% points. Dome Mines rose to among Canadians. Mclntyre Porcupine leaped 1% points to On the American Stock Ex- change, Scurry Rainbow Oil was up at and Jupiter Corp. up V4 at Automobile Company SEATTLE (AP) A law suit filed by the State of Washing- ton claims that Ralph Williams' North West Chrysler Ply- mouth, Inc. engages in "false deceptive, misleading and un- fair" business practices. The suit asks that a fine of be levied against the Seattle dealership for every violation of the State Consumer Protection Act since May 14. The state also seeks reimburse- ment for any customers whose money or property was taken through illegal business prac- tices, as well as injunction for- bidding the firm to engage in such practices. The suit lists 11 causes of ac- tion. Ths state claims that the firm, one of several west coast dealerships operated by Wil- liams, including some in Brit- ish Columbia and California, falsely advertises that its usual prices are lower than competi- tors' prices. The suit, which also names Williams and Robert Friedman, president and vice-president of the company, contends that North West Chrysler Plymouth falsely tells customers that re- pairs have been made on their automobiles. Williams has denied the state's charges, say- ing they are politically moti- vated. Burroughs Invites you io attend the lethbridge Showing of the L2000 Electronic Billing Computer and the E4000 Direct Accounting Computer at the Burroughs Demonstrating Facility 2630 South Pcirkside Dr. Lethbridge, Alberta The L2000 eloc'ronic billing computer is a revolution- ary development representing fundamental design ad- vances in low cost billing equipment, with data com- munication capabilily. The E4QOO direct accounting computer provides On- Premises computing power with core memory proces- sing speeds, magnetic striped ledger memory, and capability for Thursday Oct. 15: a.m.; p.m.; p.m.; p.m. Friday Oct. 16: a.m.; p.m.; p.m. BURROUGHS BUSINESS MACHINES LTD. z630 Saui'n rarkslda Dr. Phone 327-7577 IETHBR1DGE Alberta Gas Use Controls Likely CALGARY CP) Because of an Ontario Hydro decision to use Alberta natural gas in thermal generating plants, the provincial government will "se- riously" consider placing restrictions on future export sales, it was announced here. A. R. Patrick, Alberta mines and minerals minister, said the government should have had the opportunity of appraising the Ontario use of Alberta gas. For one thing, he said, the government has discouraged the use of gas in Alberta plants and the Ontario decision puts the government in an awkward position. He said it ties up several tril- lion cubic feet of Alberta nat- ural gas reserves, limits ex- ports, and puts people out of work. There are two implications for the petroleum industry as a whole, he said in an interview. It cuts down "good competi- Beef Futures WINNIPEG (CP) There were bids and offers at current levels but no trades on the live beef futures market Tues- day. Open High Low Close Nov 28.85B Jan 29.25N Mar H.50A NET EARNINGS By THE CANADIAN PRESS Pembina Pipe Line Ltd., nine months ended Aug. 31: 1970, a share; 1969, a share. tion" and It Is not "good publi relations" for the future of in vestment. The next time the govern ment has to appraise gas for export it will be careful to what it is to be used for. Miss Eskimo Is Selected EDMONTON (CP) Anita Urshell, 19, a University of Al berta student, has been chosen as the 1970 Miss Edmonton Es kimo. Miss Urshell, a third yea: student in home economics, wa chosen Monday at the Western Conference game here in whic] Edmonton defeated Calgary Stampeders 16-13. After she finishes the home economics course, she wants ti work for the Canadian Union o Students Overseas or take an education course and become a teacher. DIVIDENDS By THE CANADIAN PRESS General Bakeries Ltd., 3% cents, Oct. 31, record Oct. 15. ADMITTED TO UN UNITED NATIONS (Reuter The General Assembly has admitted the new state of Fij as the 407th member of the world body. TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Guotes) n.m. Quotes) a.m. Quotes) INDUSTRIALS AblHbl Alcan...... Algoma Steel Atco Ind Atlan sugar Bell Tel..... Brazil Tree B.C. Tel..... Burns B.C. Forest B.C. Sugar CAE Ind..... Cdn Brew Chemcell Col cellulose Cal Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler..... CPR........ Comlnco..... Cons Bath 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 Gult Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Utilities Indust Accept Laurentide Kelly Doug A Loeb........ Lobtaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp 1.20 10.00 9.25 25.50 3.30 Molsons A 7.75 Molsons B 22.00 North, Cent Pembina Pp 10.B7V? Power Corp 7.00 Price Co Rothmans 14.00 St Law Corp 61.00 Shell CDA 9.00 Simpson's 24.12% Simp Sears Steel of Can 4.65 Selkirk A 7-75 Teraco...... .4.50 Traders Gp A 4.12% Trans Mtn Pp 55.00 Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel..... Union Car Weston's B 25.50 Woodward's A 63.37to West Cdn Sd Zenith Elec 10.25 BANKS 17.37to Can Imperial 49.25 Montreal 16.25 Nova Scotia 13.62to Royal...... 13.00 Tor-Dom..... 10-50 MINES Acme Advocate Asb. Akaitcho..... Area Mines Belcher Iron Bay Bralorne..... 2-12 Broulan 16.50 Bethlehem 18.8716 Canada 14.50 casslar 44.87'A Central Pat. 25.00 Chimo....... 7.37% 32.35 Cons. Rambler 15.52 coin Lake..... Cochenour Cralgmont 4.85 DIckenson Mines 5.87'A Denison Mines 25.00 Deer Horn 10.WW D'Eldona..... Dome Mines oonalda...... Discovery Mines 73.25 13.25 East Malartic 13.00 East Sullivan 14.25 Falconbridge 22 00 Frobex....... 5.87'A First Maritimes 8.25 Giant Y.K..... 13.00 Gunnar....... Granduc Headway R.L. Hollinger Hud. Bay M-S Hydra Ex..... 1050 Highland Belt 26.50 Iron Bay..... 10 00 Iso 16-5rj Jollet Quebec 33 i5iA Kerr Addison 1500 Key Anacon Labrador Lake Shore Leitch....... Langis Silver Macassa Msdsen R.L. Malartic G.F. Martin McNeely Maybrun Maclntyre Meta......... 1 Midrim....... Intern Mogul 1 New Athona New Imperial Noranda Northgata Opemiska Osisko....... Patino....... .07iA Pine Point 1.60 Placer Dev. .23 P.C. Exp...... 16.3716 Quebec Man 4.40 Rayrock..... 2.03 Rio Algom 21.75 Roman Corp. 2.95 Silverfields 1.23 Sherritt Gordon Silver Miller Steep Rock Siscoe........ Tek Corp...... Texmont..... ..._ Upper Canada 23.50 Western Mines .06 Wright Har. 1.06 Willroy....... Windfall..... Yellowknife Br. Zenmac....... 19.00 32.75 17.25 22.00 42.00 3.10 9.50 13.25 23.00 16.50 2.55 70.25 19.50 2.20 .53 2.05 12.00 .76 .16 .57 10.25 1.40 1.25 1.26 5.65 147.00 .26 .90 9.75 1.27 8.10 11.50 34.00 21.62W .20 2.82 3.25 2.00 .22'A 11.87'A .30 33.00 3.50 1.55 .06V 1.15 .89 .71 13.00 10.37'A .17 .24 2.03 11.00 11.50 .32 29.50 29.50 34.25 .72 1.30 15.25 5.70 2.00 18.8714 .08 2.55 2.00 7.00 .48 1.90 3.85 1.40 1.35 .14 5.50 .10 MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhouse and McCuaig) a.m. Quotes) WESTERN OILS Alrninex 5.70 Asamera U.25 Banff 12.75 BP Oil Gas 5.10 Can South Cdn Ex Gas Cdn Homestead Cdn Ind Gas Oil Cdn Lonf Is Cdn Super Cen Del Rio Charter Chieftan Dynamic Pete Gt Plains Milt City New Cont..... Numac....... Permo....... Petrol Pinnacle Gas Place Gas Ranger Scurry Rain Spooner West Decalta MISCELLANEOUS INDUSTRIALS Atco Ind 1U2V2 Aquatalnc K25 Brit Nfld Crin Hydro Car. Cdn Pac Inv Pfd CPR PFfI Cygnus A Cygnus B Cum Prop Gt Cdn Oil 5 Home A Home B Horns PHfld Hud Bay Co Hud Bay Oil Hugh Russ Husky Oil Husky Oil Pfd Husky Oil War. Inter Prov Pipe Inter Steel Pipe Jefferson Lake Joutel Kaiser Rej LAST BID OR SALE a.m. Quotes) a.m. Quoies) Kam Kotia L Ont Port Cerh Mentor inex 5.00 7.50 10.55 .71 37.75 12.00 6.25 9.80 1.32 28.25 2.22 1.08 7.55 .B7 1.45 .94 1.25 13.75 22.50 1.85 5.95 5.13W 15.87V; 1.80 .44 6.25 23.50 16.00 33.25 30.1214 3.75 1.35 IV4 .06 .02to 5.00 5.62 to 11.00 4.05 20.50 21.50 2.00 13.87% 20.00 38.75 7.20 12.75 6.87W 10.62 to 1.13 10.75 Pacific Pete Rank Org Shell Inv Shell Inv Pfd Sicks Rainier West Cdn Seed. White Yukon CALGARY Acroll Ana Pete Barons Oil North Cont Plains Pete .42 West Warner .43 Madison .30 PIPELINE STOCKS Alia Gas Tr L A 46.25 Alta Gas (Nat) 24.00 Cdn W Nat Gas 93.50 Inland Nat Gas 10.7S N and C M.25 N and C B Pfd 29.50 Gai Metro 500 Tr Cdn P 33.37'A Tr Cdn P Pfd Tr Cdn P Pfd A 63.50 Tr Cdn P War 11.75 Tr Prairie P llfift MUTUAL FUNDS AGF Special 2.23 I OS Vent Mutual Ac F Mulual Gr F Mutual In Nat Res N W Fin N W Gr Principal Gr Prov Mutual Regent F Royfund United Ac Universal Sav 3.53 4.31 5.29 -1.24 .1.66 d.71 5.13 6.89 7.53 3.60 3.96 4.82 3.71 fi.21 6.79 .7.88 8.61 4.92 5.0; 4.28 470 7.53 All Cdn Com All Cdn Dlvid All Cdn Vent Amr Gr F Cdn Gr Cdn Invest F Col Mutual Cmnv; Inter Lev Corp Invest _._. Corp Invest S F 4.55 4.97 Dreyfus F U.S. 10.59 Gr Equity 6.29 Gr In Shares 3.03 3.39 Invest Gr 9.94 10.67 Invest Mutual 5.00 5.46 6.62 7.2.1 7.66 8.37 3.34 3.65 4.52 496 5.IB 5.69 4.32 4.74 5.41 5.9.1 11.4612.56 2.94 3.32 5.06 VANCOUVER Anuk.......... Arctic Mining Atlas Explor Beth Copper Bornlte Ridge Block Bros ___ Brenda B.C. Sugar Capt Inter ___ Churchill Copper Coronation Credit Crestbrook. F I Croydon Dolly Varden Dynasty Giant Mascot Granisln Key tndusl Growers B Hy's Interior Brew Jericho Kamloops Copper Lornex Lytton Minerals Madrona New Cronin New Imp Mines Okanagan Helicop Primer Pyramid Silver Stand T C EXplor Tcxmont Trojan Weslern Mines Wcstcoast Res Western Explor Utlca .22 .71 16.W3 .15 3.40 9.75 15.50 3.40 2.25 1.15 7.50 .'so NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T nnd T Anaconda Bth stool Chrysler 43.B7W Montgomery Ward 26.25 20 Golds 177.16 UD 377 22.12V2 Sears MAM 10 Base Met ?7.7flToff 37 21.50 Std Oil of N.J. 67.12W 15 W Oils ?5.12to Texas Gulf Grain Price Review Winnipeg Groin Pricvt WINNIPEG (CP) Most of the activity remained confined to the oilseed> at the close of the Winnipeg Grain Exchange today. With fair exporter buying and light offers, both flax and Vancouver rapeseed were frac- tionally lower to a few cents higher, while sharp bidding near the close sent Thunder Bay rapeseed up as much as 13 cents. Oats and barley were gen- erally lower, with trading con- fined to commission house sell- ing and limited buying by do- mestic shippers for eastern feeders. Rye was also fractionally easier, with a light local and domestic shipper buying. Volume of trade Tuesday consisted of bushels of flax, bushels of rape- seed and of rye. Export loadings of Canadian wheat Tuesday included 704 busJiels to Britain, bushels to Algeria and to the United Arab Repulbic. Prices for class two wheat for export to countries outside Hog Prices EDMONTON (CP) Prices to 11 a.m. supplied by the Al- berta Hog Producers Mrketing Board: Edmonton: Quoted 24.0 to 24.35, selling 24.10. Tuesday's average 24.57. Red Deer: Quoted 24 selling 24. Tuesday's average 24.62. Calgary: Quoted 24 to 24.20, selling 24.20. Tuesday's aver- age 24.51. Lethbridge: No sales. Tues- day's average 24.20. No sales. Tuesday's average 23.78. Total hogs sold to 11 a.m. 776. Sows at all points 15.78. Total hogs sold Tuesday, 664. Provincial average 24.50. FINED FOR POLLUTION TORONTO (CP) Anaconda American Brass Ltd. was fined after pleading guilty to a charge of discharging waste water containing more than 30 milligrams of suspended solids per litre into Lake Ontario. IGA: 1 Nor 2 3 1.7354; 4 1.67V4; 1 Durum 1.81; 2 1.78; 3 1.69V4; 4 IGA prices: Nor 2 1.7754; 1.7914; 4 1 Durum 1.81; 2 1.78; 3 l.C91i; 4 IMVt. The Winnipeg Grain Quotes unavailable at press time. Tropical Plants In Alberta EDMONTON (CP) Visitors who have tried their green thumbs on tropical plants turn green with envy when they visit the University of Alberta's dis- play greenhouse. "It's probably the best collec- tion of tropical plants in West- em said Helge Well- ing, greenhouse supervisor. Approximately 150 genera are represented, with up to 20 spec- ies in some of these. Among the tropical plants of general interest are banana, coffee, pomegranate, cotton, sugar cane, fig, bamboo, ginger and avocado. The greenhouse displays are used by several university de- partments. Plant physiologists and pathologists use plants or parts of plants for demonstra- tions in laboratory classes, bo- tany students find them useful in studies on plant relationships and fine-arts students come in to draw and paint them. And, although it's a small 50- by-50-foot area, many students and university visitors find it a pleasant place to visit during Edmonton's cold winters. Potato Prices WINNIPEG (OP) Trading was light Tuesday on the Mari- time potatoes future market, at four to 15 points below current levels. Open High Low Close Nov 2.25A Mar 2.55B Apr 2.65A May 3.15 3.00B Livestock Report Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 150 cattle. Receipts mostly butch- er steers and heifers. Trade ac- tive. Good and choice butcher steers and heifers meeting good demand selling fully steady. The few medium and canner cows on offer sold steady. Heavy replacement steers sell- ing at strong prices. Choice steers 27 to 27.40; good 26.25 to 26.75; medium 25 to 26. Choice heifers 26 to 26.40; good 25.50 'to 26. Medium cows 18 to 19; can- ners and cutlers 16 to 17.50. Good heavy feeder steers over 900 Ibs. 28 to 28.60. Good light stock steers 29 to 30.30. Butcher hogs sold Tuesday f.o.b. Lethbridge 23.25 to 24.90 base price. Light sows 15.78 dressed weight. Calgary Livestock CALGARY (CP) Moderate receipts to 11 a.m., head, mostly good to choice slaughter steers and heifers. Tirde was active with a good local and out of province demand. Slaughter steers and heifers sold steady, over finished kinds under pressure, were dis- counted 50 cents. Cows were scarce being mainly medium and canner kinds with all grades selling steady. No bulls on offer. Choice steers 27.50 to 27.90, good 26.50 to 27.25 medium 25.50 to 26.25. Choice 20.25 to 26.70, good 23.25 to 26 medium 24 to 25. Good cows 21 to 21.80, medium 1.50 to 20.50, canners and cutters 15 to 18. There were insufficient re- placement cattle or stock calves sold early to establish a market. Hogs base price 24 to 24.20. Lambs sold steady. Good Iambi to 23. Portland Livestock PORTLAND (AP) Cattle and calves 300, slaughter and feeder classes mostly steady. Slaughter heifers, individuals standard and good 21.50 to 25; slaughter cows utility 17.50 to 21.50; cutter 16.75 to 20; can- ner 12 to 16. Slaughter bulls few commer- cial and good 26 to 28.50; feed- ers few small lots choice steer calves 295 to 382 Ibs. 36.25 to 37.70; few choice lots choice steer calves 295 to 382 Ibs. 36.25 to 37.70. Few choice steers 600 to 900 Ibs. 27 to 31.90; good 24 to 26.75; few choice heifer calves 280 to 500 Ibs. 28.50 to standard and good heifers 550 to 800 Ibs. 22 to 24.75. SHIP SHOOTOUT GORLESTON, England (Reu- ter) A seaman was killed and two others badly injured in a shooting incident on the French trawler Aphrodite, the coast guard reported Tuesday. A life- boat with a doctor on board was sent from this eastern England port after a radio call from' the Aphrodite. GRAND OPENING STEVE'S QUALITY MEATS CONFECTIONERY COALDAtE Saturday, October 17-10 p.m. We da cutting and wrapping of your meats and Custom curing; also fresh meat and sausage. PHONE 345-3929 dowuwant? 1. Cultivating to the road- side. No nesting places for birds... no berry bushes or shrubbery for wildlife food or protection... no flowers or trees for beautification, 1. A neatly trimmed road- side. Ditched for snow removal and drainage... yet nature left intact. 3. You can't swim in it... wildlife can't survive in it. Garbage and chemical pollution have turned thil wateiway into a cesspool. 4. A crystal clear mountain stream, abundant with fish a place where wildlife caa abound... and a delight to the eyes of the traveller. 116.00 Wooiwnrth iViVio General Molors WMtlnnhouSE Elec UM 30 Rails 15148 uo 2MO U.S. Sleol IS UlilltiC! 10453 up .14 3.1.35 TORONTO AVERAGES 65 Slocks UD 09 40.50 30 indust 168.01 nil .01 Volume Moo.ow nt Harvester Kenn copper 40.50 Roadsides barren of frees! Wildlife and the profusion of natural flowers gone! Polluted streams and rivers, song birds... a tiling of the past! Hard to believe, yet we can destroy our natural environment to this extent not in a lifetime but in a few short years if we don't all CARE A LITTLE MORE. liy practising agricultural procedures which will leave sufficient cover for our wildlife... by keeping our waters free of litter and chemical contamination fay thinking first before we do anything to upset the balance of nature, we can retain the beauty of Alberta's countryside and even make up for the errors of the past. Not just a job for government or associations... but for every Albertan.., YOU AND ME. Your interest and support is welcomed by The Alberta Wildlife Foundation. All donations are tax deductible and should be forwarded to: 213 Alberta Block, 10526 Jasper Aye., Edmonton, ALBERTA WILDLIFE rting Conservation here in Alberto throuili Action and Education." ;