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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 19, 1970, Lethbridge, Alberta i in SIM ss Prices Winnipeg Grain Vancou (Supplied by A 1 (CP) Declines continued in both flax and rapeseed at the close of a.m. Quc'til INDUSTRIALS Abltlbl 7.S8 ___ Grain Exchange 22.C8 Algomi Stttl 13.1 2Va Inrf io.62Va oilseeds had Sugar Market down buying, but not sufficient to absorb elevator hedges. _ Oats and barley moved Trac'l. ia'.37V4 B.C; Tel 61.00 Burns B.C. Forest W.07'A B.C. Sugar CAE Ind 4.65 [n Light on light domestic shipper buying for eastern feeders. Rye had light domestic shipper trade and some Brew 7'.SQ Chemcell AM Col Cellulose 6.25 Calgary Power 24.75 Coronation Credit 1.25 C W H Gas Pfd 11.12W Indust 9.50 TORONTO (CP) The index .37 to 165.71. volume of S S Cdn Marconi 3.25 onto stock market was rose .09 to bushels of flax, Vkkers ractionally in light YORK (AP) of rapeseed, of 55.00 CPR 50 ig, trading today. On index, industrials market slipped -lower early this afternoon in dull wheat loadings Fri-ay included bushels 20.37'A Cons Bathurst 10.00 Cons Gas 17.50 47 to 167.43 golds .45 to to Japan, Seagrams 49.00 >ase metals .28 to 93.31 and restem oils 1.41 to noon the Dow Jones average of 30 industrials was off, to Pakistan, to the United Arab Republic, Bridge 16.1 Domtar Dom Textile 12.75 Dom Stores ___ "olume by 11 a.m. was Pete 70.00 hares, compared with Cansdian issues, for class two Players 9.50 it the same time Porcupine rose 1% export to countries of Amr 50.00 Gt Cdn OH S rf.OO Ten. of the exchange's 17 Dome was up to Granby Mining lost a 1 Nor 2 3 4 1 Motors 73.00 Gt Lakes Paper 17.50 Gulf Oil Cda uexcs Walktr-Gooderham 2 3 4 Sid 2.05 Among losing issues, Jyvum Zl trt at 42 and Massey prices; 1 Nor and Erie 16.75 Hiram Walker 42.50 Cerguson was down is .to at Genstar Ltd. fell 3 4 Oil 18.75 ;anron to 2 Tobacco Int Nickel 45.00 nd Central Gas to In-eroational Utilities to 'acific Pete to 28, Lake Du-ault Vt to and the American Stock Exchange, Canadian Javelin was UD to Off Vt each were Brascan, at Jupiter 4 1.66. High Low Close .Flax Oct 270% 267 Pipe 24.50 Inv .Gr A 7.50 Int Utilities 32.25 Indust Ac 15.0 Laurenlide 5.12'A Kelly Douglas A 5.37 Vz f, to Asamera was down and Molybdenite 2637s 4.95 A 5.G7Vi iiv Tntal Pete 20 cents 238% Stores 25.50 250% 249 Ferguson 10. CO Canadian Homestead 10 to BP Oil and Bloedell 25.00 Moore Corp cents to and Opemiska k tO 253 250% 252 an 251 246% tar 244% 241% A 13.37'A THBOMTO Aquitaine gained Vt to 241% 238 238% wKwPI 1 w Soyal Trust to Electro-lome to Mattagami x> and Great Plains Thunder Bay Oct by 236 232% Quotes) 240% 236% OILS ACTIVE SESSION (CP) 5.75 Asamera 14 MONTREAL (CP) from northern Alberta V.. 1I.87V2 Montreal stock market a writ in British 86% 86 P. Oi! 4.55 raetionally lower in an Court asking for Exp Gas 4.95 norning session today. against B.C. Hydro Home 6.60 Cdn Indus Gas t0.37Vi rined volume on the interference with Long Is .70 md Canadian' Stock 129 .Super 37.25 o 11 a.m. was Cree and Fort 126% KoVi Del Rio Chfeftan 10.37% ip from at the Bands; represented 128% 127% Pete 1.26' ime lawyer Tom Plains 23.00 Mi'l City 2.10 Among declining issues, that the Bennett Dam Cont 1.02 dropped to B.C. illegally 101% 100% Cdn Oil 6.50 Numac 7.50 Petroleum to Noranda flooding of the 103% 102% 0 Fraser to where it enters HO 1.4] aassey-Ferguson to Soutbam Press to dam's interference 13.62% WacMfflanBloedel to tba level of the lake Rain 22.75 Soooner 2.06 Among a d v.a n c i n g issues, Royal Trust climbed to Aquitaine to Simpsons in the Delta, making them mud flats and reducing the and Decat 5.90 MISCELLANEOUS INDUSTRIALS Atco Indus x> CPR to catch, the Indians Nfld Co 5.00 Canada to Moore Corp. (4 to and Du Pont to They seek an injunction to stop B.C; Hydro from Brew B 33.50, Cdn Hyd Car H.S7% Cdn Pac Inv 23.25 CPR Pfd v.. 8.B71A On index, industrials, were, with the spring flood West In. 45.00 Cygnus A 4.50 52 to 170.79, banks .24 to 176.06, to 87.39 and the' and "in the years. there-alter." B 4.80 Gt Cdn oil Sd 4.00 Home Oil A 19-50 OH B 20.00 Horne and Pit T.95 FLQ Death Message The government announced here im-H-ecedenled controls on Bay Co 14.12% Hud Bay Oil 40.00 Hud Bay Oil 54.00 Hugh Rus Pfd 17.37V4 Husky Oil 12.75 MONTREAL CP 'the FLQ 'has decided to incomes in an attempt. Oil. War. 6.50 Int Pro Pipe 12.25 ing is a text of a handwritten message, found at Place des Arts concert hall Saturday night, in which police were informed of the murder "Pierre Laporte, minister of unemployment and assimilation, was executed at tonight by the Dieppe Cell (Royal the Irish Republic's, inflation and avert the possibility of a major economic upsetv The controls include a limi of six per cent on all pay in creases the freezing of Steel 6.62V Jeff Lake 10.25 NEV Suoph'ed bj Pierre Laporte: will find .the body new house prices at T and T 44.11' "Faced with the arrogance of the federal government and of its servant Bourassa, trunk of the green Chevrolet 9J2420) at the St. Hubert levels and the control o retail prices. Finance minister George 21.00 Bit! steel 21.87" Chrysler 2-1.75 Comsat -18.621 Dupont 116.62' their obvious bad shall conquer. told a news conference, Motors 71.62' Gull 29.50 QUALITY The exploiters of the Quebec people had are expected to stay in effect until the end .of. Harvester S4-M Kenn Copper 41.25 he. warned they could 'I IW EDDY the message was longer if De Certified Dental map of the St, Hubert air base area with CITY, Ne Capitol Furniture rectangle (AP) Cafe state gaming co PHONE tlie Jones has installed deferred action i comedian Buddy I ring a bell or sound to buy a in the local police million. Kings C a 70 pound python at Lake Tahoe A cTwlrAcman snirl Vancouver, Calgary, Montrtal (Supplied by Doherty, Roadttouse and McCuaig) tAST BID OR SALE fe.m. Mc'scns B N and C Pomtiina Pipe Power Corp Price Co Rothmsns St. Lawrence Corp Shell CDA Simpson's Simpsons Sears Steel of Cdn Selkirk A Texaco Tr Group A Tr Mtn Pipe Tr Cdn Pipe Union Gas Union Oil Versatile Mfg Wesieel Union carbide Wesion's B Woodward's A Cdn Seed Zenith Elec BANKS Cdn Imperial Montreal N. S. Royal Tor-Dom MINES Acme 70.00 Advocate Asb. Akaitcho..... Area Mines Belcher Iron Black Bay Bralorns..... Brouian Bethlehem Brunswick Centra] Pat. Chimo Conwesf Cons. Rambler Coin Lake Cochenour Dome- Mines Donalda 31.62V2 Discovery a.m. QlBTBl 13.00 East Sullivan 5.5S 13.50 Fatconbridgt 149.00 21.50 Frobtx....... .24 5.75 First Marltimrt .95 825 Giant Y.K. 12.00 Gunnar 19.00 Granduc 33.00 Headway R.L. Hollinger 21.75 Hud. Bay M-S 23.12V2Hydra Ex. 10.50 Highland Bell J6.50 Iron Bay Iso ia.10 Joliet Quebec Addlson 14.75 Key 39.00 Labrador 3.30 Lake Shore 9.7S Leltch..... 13.00 Langis Silver 25.75 Macassa 15.50 MBdsen R.L. 2.S5 Martin w.cNeely 1.45 Maybrun Maclntyre 20.25 AAeta 15.50 Mldrlm 19.25 Intern Mogul 22.75 New Athona NOW Calumet New Imperial .07W Noranda 2.15 Northgate .51 opemiska 2.00 Oslsko palino....... .07 Pine Point 1.50 Placer Dev. .29 P. C. Exp..... 16.50 Quebec Man 4.30 Rayrock 2.01 Radiore 22.iO Rio Algom 3.10 Roman Corp. 1.43 Sllverfields Sherrit Gordon .77 Silver Miller .16'ASteep Rock .58 10.50 Tek Corp...... 1.35 Texmont 24.00 Upper Canada .07'A Western Mines 1.1i Wright Har. 66.00 Wlllroy....... .23 Windfall..... 1.20 Yellowknlfi Br. 1.40 Zenmac 1.30 8.00 12.00 20.50 .24 2.82 3.15 2.W .22 11.50 .30 33.00 3.40 1.57 .09 1.15 .90 .24 169.00 .16 .32 10.00 .17 .27 2.02 28.00 10.50 31.00 30.25 33.25 1.35 .23 15.50 S.tS 7.05 -08 2.55 2.00 6.80 .5! 1.95 3.85 1.60 1.32 .14 5.05 .10 Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. a Joutel Kaiser Res Kam Kotia Lake Ont pt Mentor Newconex Pacific Pete Rank Organ Shell Inv Shell Inv Pfd Shell Inv wts Sicks Rain 1.13 10.50 1.3B 1.80 .48 6.05 58.00 16.00 33.25 30.37'A 14.75 3.75 2.70 a.m. Qiwtrtl Invest Mutual 4.97 5.43 Mutual Ac Mutual Gr F Mutual In Nat Res N W Fin N W Gr N W Equity Principal Gr United Ac Universal Sav VANCOUVER Anuk Arctic Mining Atlas Explcr Beth Copper Bornlle Ridge Block Bros Brenda V... B.C. Sugar B.C. Suqar Pfd Capt Inter Churchill Copper Coronation Credit 4.19 4.61 4.63 5.Cr? 6.85 7.4? 3.60 3.9fi 4.36 4.79 4.72 5.19 3.66 4.02 4.01 5.06 4.26 4.6B 6.73 7.40 CALGARY Acroll 1.26 Anac Pete.....09 Barons Oil.....05 North Cont .03 Plains Pete .40 West Warner .42 Madison.......30 Rexdale ,......13 PIPELINE Alta Gas (Nat) Crestbrook For I' Inland Nat Gas 10.75 Croyden N and C 13.SO Dolly Varden N and C B Pfd 29.67Vi Dynasty Gar Metro 5.00 Fort Reliance Gai Metro Pfd A 60.75 Giant Mascot Tr Cdn P Granisle Tr Cdn P Pfd 39.87'A Key Indust Tr Cdn P Pfd A 58.25 Grower! War 11.50 WestcOBSt Tr 21.75 8.B71A vtolern pacific -1.90 MUTUAL FUNDS AGF Special 2.21 All Cdn Divid Interior Brew Jericho Kamloops Copper Lornex I yttcn Minerals 6.60 7.21 Madrona 7.64 8.35 New Cronln Al'l Cdii Vent" 3.35 3.66 New Imp Mines 7.02 Amr Gr F...." 4.53 -J.97 Okanagan Helicop 3.1S P Fr 21 cific FUNDS il 2.31 )m 6.60 vid 7.64 It 3.35 4.53 ----------D 4.70 Primer __.......... 5.39 5.91 Pyramid Cmnw Inter 11.46 12.56 Sliver Standard Cmnw Lev 2.94 3.22 T C Explor Corp Invest 5.00 5.47 Texmont Corp Invest S F 4.50 4.92 Trojan Dreyfus F U.S. 10.58 li.59 western Mines Gr Equity 5.71 6.27 Westcoast Res Gr In Shares 3.06 3.37 Western Explor Invest Gr 9.88 10.81 Utlca .22 '.66 16.25 .15V 3.35 9.75 15.50 15.25 3.30 2.00 1.15 6.37V .40 SO 6.40 .49 12.62V .53 3.0 4.70 .09 .11 6.90 2.71 Livestock Itfhbridge Livestock AFTERNOON SALE Calgary Livestock CALGARY (CP) Receipts o 11 a.m., 750 head, mostly laughter cattle of mixed qual- y and stock calves. Trade was airly active. Slaughter steers and heifers steady condition considered irith no strictly choice kinds on ffer. Cows were mostly me- ium and canner kinds selling t about steady prices. Good to low choice steers 26.50 to 27.90, medium 25.50 to 26.25. Good to low choice bei- ers 25.40 to 26.60, medium 4.25 to 25.25. Medium to good ows 19.50 to 21.30, canners and cutters 15 to 18.50. Keplace-nents were practi- ally all stock calves weighing betw :n 400 and 500 Ibs. and >rices were steady for quality. Good feeder cows 18.50 to 21.70, [ood stock steer calves 400 to 500 Ibs. to 37.80, light weights to 39.25. Good stock teifer calves 30.50 to 33.30. Hogs base price 23.50. Maintenance Men Plan To Strike EDMONTON (CP) Nearly ,110 public caretakers anc maintenance men plan to strike Thursday, it was an- nounced today by spokesmen for the two union locals in- volved. The. spokesmen said 800 members of the two union ocais at a meeting Sunday voted unanimously to leave their job. Te 794 caretakers are ask ing for higher wages and the 300 maintenance men, carpen electricians and ware louse workers, want a car al owance and a freeze in the wages of non journeymen workers. Caretakers and mainten ance, members o f separat locals of_the Canadian Union o Public employees, voted las week for strike action. Mediation between the schoo board and the -union locals wa continuing today. Cdn Invest F NEW YORK STOCKS Suoplied by Richardson, Securities of Canada 44.12'A Montgomery Ward 26.87'A 20 Gold! 160.24 off l.OB 21 00 Sears 70.50 10 Base Met 97.07 otf .5 21 87'A Std Oil of N.J. 69.75 15 W Oils 182.30 Off 1.48 Woolworth 3.1.25 30 Indust 758.97 olf 4.38 71.62'A Westlnghouse Elec 20 Rails 151.91 off 2.1 US Steel 30.25 15 Utilities 1W.24 off TORONTO AVERAGES 65 Stocks 243.85 rf! 1.8 20 Indust 167.20 Off .70 Volume There's greater interest then ever before in our new Guaranteed Investment Plan. Send this coupon for complete details. said yesterday On Hackett Bid the board's original impressio was that Hackett was applyin as an individual, but that it de veloped he was seeking a lie ence for his corporation, Hack ett Enterprises Inc. The casino has Hackett unde contract as an entertainer. FIRST INVESTORS CORPORATION LTD. 309 G Street South Ph. Lethbridge, Alia. Name- Address _ City------- Rivrera Moreno Rosewood Azfec Walnut PER PANEL Province- V "MEMBERS OF THE PRINCIPAL GROUP OF COMPANIES" USE YOUR CRESTUNE BUDGET ACCOUNT! CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUIIDING SUPPlY HEADQUARTERS' 123 30th St. N. Phone 327-5444 or 327.5110 .Mtttdty, October 1970 THE IETHMIOGE HERALD 17 Raiser Records Operating Loss 20 Million Acres Enough Says Olson OTTAWA CP Agriculture Minister H. A. Olson told th Commons today Canada wi have enough wheat to meet a anticipated demands this year. Hoplying to questions by John Diefenbaker Al Mr. Olson said curren projections indicate about a million acres should be seedec in wheat in 1971 under expectec market conditions. Mr. Diefenbaker said som projections show 30 millio acres should be planted wheat. Kaiser Resources Ltd. opera- Jons for the first nine months of 1970 resulted in a consolidat- ed net operating loss of 59, or per common share, on sales of it was an- ounced Friday by Jack Carl- ton, president. Comparative data for the imilar period in 1969 is not vailable since the company jecame a public company in Jay, 1969. High, operating costs of underground mines and other Id facilities are primarily re- ponsible for the continuing osses. Kaiser Resources is con- inuing to capitalize interest and other net pre-production expenses associated with the new Sparwood mine complex. 'or the nine months ended September 30, of uch c o s t s have been capi- allied. Several new and unforesee- able problems have been en- countered in recent months, ncluding a requirement for establishing a larger backlog of stripping ahead of coal min- ng and higher stripping ratios earlier than had been expected Kaiser.Resources has a .15- war contract with Mitsubishi Shoji Kaisha of Tokyo, Japan which resells to Japanese stee mills, for delivery of 75 millior ong tons of coal at the rate of five million long tons per year. Revisions in the contrac :erms ,in order to support a profitable opera tion and to cover Kaiser Re- sources' higher operating and capital costs. Kaiser Resources continues to receive strong support from the Japanese. The Japanese are familiar with the conditions and problems involved and are co-operating with Kaiser Re sources to obtain necessar; solutions. Kaiser Resources is now de veloping plans and taking cor rective measures with respec to the required modification! to the preparation plant anc mining facilities and is study ing the effect on future costs o operation. Until these plans are com' pleted, a d A i t i o n a 1 and ac- celerated capital expenditure! and costs of operations cannot be determined with ac- curacy, but additional capital expenditures through 1972 couM range upwards of above earlier estimates. On th? basis of these new plans it is intended to propose evisions to certain terms at :he coal sales contract with Japanese. While no definite or conclusions can be expected immediately, Kaiser Resources nas reason to believe that it is also the wish of the Japanese to enjoy a long-range, continu- ous benefit from a stable sup- ply of Kaiser Resources' coal on a sound economical basis for both sides. In the important matter of fi- nance, Mitsubishi, at the re- quest of Kaiser Resources, is making arrangements to pro- vide substantial financing. It is anticipated that the funds to be provided will be adequate to cover the major portion of Kaiser Resources' currently estimated additional and accelerated capital expen- ditures required to complete the plant and mine modifica- tions and to achieve full pro- duction volume. During the last month, pro- duction levels at the new mine complex improved both in terms of release of raw from the pit and in terms of clean coal from the prepara- tion plant. Demand for high-grade metallurgical coal continues to be strong from nearly all sec- tors of the world including not only Japan, but Europe, South America and Eastern Canada. Kaiser Resources is conOmi- ing its long range planning program for the development of additional reserves in order to expand its properties to serve this growing demand. In addition, its experimental hydraulic mine is now conduct- ing a testing program and com- pany officials are optimistic over the potentials which this process offers in making avail- able vast quantities of under- ground .reserves. uptren Come to work for Alberta PROBATION OFFICER A Probation Officer raised in the cultural selling of the native peoples of Alberta and having a good command of the necessary language to communicate with probationers is required for the Lethbridge area. Duties include prepara- tion and submission of pre-senlence reports, assessment of factors. contributing to offences and the counselling of persons of native heritage during their probationary period. Qualifications: Academic preparation (high school) preferred with emphasis in the Social Sciences. Proven leadership ability and community involvement or equivalent combination of cducaction and experience. Salary to per month. Competition No. 8123-C-4. Closing date October 28, 1970. Apply: GOVERNMENT OF ALBERTA Personnel Administration Office Room 1101, John J. Bowlen Bldg. 620 7th Ave. S. W. Calgary An investment that grows and grows: 1970-71 i CANADA SAVINGS BONDS make grow to in 11 years when held to maturity. Now available at TORONTO DOMINION the bank where people make the difference ;