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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 21, 1970, Lethbridge, Alberta III S 1 1 S S Livestock Supplied by Canada Department of Agriculture) On offer to a.m. Market stock calves were In short supply. Replacement cattle on offer were mostly in the heavier weight range. Prices steady. Good feedev steers 650 to Portland Livestock PORTLAND CAP) Cattle and calves early sales slaughter cattle steady; Stock Pi In Early TORONTO (CP) The Toronto stock market inoved fractionally upward in light mid-morning trading today. On index, industrials rose .07 to 166.51, base metals .16 to 96.34 and western oils 1.22 to 181.7. Golds dropped .34 to 179.38. Volume by 11 a.m. was shares compared with at the same time Tuesday. Gains outnumbered losses 97 to 75 with 173 issues unchanged. Eleven of the exchange's 17 sulHndexes were higher. Dome Pete was up 1 to Seagrams to International Utilities to Alcan to Canadian Industrial Gas Vt to and Shell Canada to Spootier rose 15 cents to and Western DecaJta 10 cents to dropped 1 to Kaiser Resources Up Trade Versafoods to Northgate to and National Pete 15 cents to LIGHT TRADE MONTREAL (CP) The Montreal stock market was mixed in Ifcht trading in today's morning session. Among declining issues, Falconbridge slumped to Canada Packers Versafood ot SeVz, Ro Algom to Kaiser to Vel-cro to and MacMillan Bloedel to International Utilities a d-vanced to Distillers-Seagrams to Canada Cement Lafarge to Royal Trust Vz to Alcan to and Hollinger 14 to On index, industrials were off M to 169.74 and papers .61 to 86.03. Banks rose .56 to 175.1G, utilities .65 to 138.91. and the composite index .14 to 164.90. Combined volume on the Montreal and Canadian Stock Exchanges to 11 a.m. was shares, compared with at the same time Tuesday. D.TA UP NEW YORK (AP) A White House denial of reports of a possible unilateral ceasefire in Vietnam this rnorfth by. the U.S. and South Vietnam pushed the stock market back somewhat from earlier gains in moderate trading today. Among Canadian issues, Me-Intyre Porcupine fell 3 points to and Dome lost to Alcan and Granby Mining. added at and respectively. Other Canadian shares were not traded. On the American Stock Exchange, Canadian Javelin rose to and Brascan Lid. Vs to Receipts mostly slaughter steers. active. All classes of butcher steers and heifers meeting good demand selling fully steady. The few butcher cows on offer sold steady with heifery kinds selling up to 24.50. Bulls steady. Slock and feeder cows meeting good demand from local buyers selling at strong prices. Choice steers 27 to 27.50; good 26.50 to 27; medium 26 to 27. .Choice heifers 25.50 to 26; good 24 to 25. Good cows 20.50 to 20.90; medium 19.50 to 20.50. Good bulls 22 to 23.10. Good feeder cows 19 to 20.70. Butcher hogs sold Tuesday f.o.b. Lethbridge 23 to 23.05 base price. _, Calgary Livestock CALGARY (CP) Receipts to 11 a.m.', head, mostly good to choice slaughter steers and heifers. Trade was active. Slaughter steers and heifers sold fully steady to strong, over-finished steers and heifers under pressure were discounted 50. to 75 cents. Cows were mainly medium and can-iisr kinds with all grades selling about steady. Insufficient bulls to establish a market. Choice steers 27.50 to 28.30, good 26.50 to 27.25, medium 25.50 to 26.25. Choice heifers 26.50 to 27.20, good 25.50 to 26.25, medium 24.50 to 25.25. Medium to good cows 19 to 21.20, canners and cutters 15 to 18.50. Replacement cattle 29.25 to 31.30, 750 pounds up 27.50 to 29.90. Good feeder cows 18 to 23, good stock steer calves 400 pounds up 35.50 to 39, good stock heifer calwes 30 to 33. Hogs base price 23.50. Lambs sold steady to higher Tuesday, mixed lots good to choice 22.50 to steers low to choice mostly yield grade 3, sold in small lout 29.10-2t.90. One small lot 963 Ib. yield Grade 2 and 3 30.10; slaughter heifers one lot good 850 Ibs. 23.60; choice individuals 900-965 Ib 29-29.25, slaughter cows commercial 20-21.75, utility 18.50-21.75, veal cutters EX CHAIRMAN J as, 61, is Jlie 11 tlm Winnipeg G change. Mr. Dall in grain int 1827. MINI Supplied by Richards! LAST BID a.m. Quotes) INDUSTRIALS Norlh, Cent Abiiibi 7.37V, Pembtna P Alcan 2I.S7V4 Power Corp Algoma Steel 13.00 Co Atco InH 10.75 RothiMiB Allan Sugar 6.75 St uw Cor Bell Tel 43.75 Shell CDA Brazil Trie Simpson's B.C. Tel 41.00 Simp Sears Burns 9.00 Steel of Car B.C. Forest Kin Selklrk B.C. Suqar 15.50 Texaco CAE Ind- i.ts Traders Gp Cdn Brew 7.50 Trans Mtn Chemcell Trans Can Col Cellulose 4.25 Union Gas Cal Power 2-U5 Union Oil Coron Credit 1.20 Verealile M CWN Gas 10.75 Wesletl Cdn Indus! 9.50 Union Car Cdn S S H.MV4 W.ston's B Cdn Marconi 3.25' Woodward's Cdn Vickers 5.25 West Cdn S Chrysler 24.50 Zenith E ec CPR "A Cominco" 20.50 Can Imper Cons Bath 9.75 Montreal Cons Gas 17.75 Nova Scotia Dist Sea 4B.OO Royal Dom Brldsa 15.75 Tor-Dom Domtar 13.75 Ml Dom Textile 12.50 Acme Dom Stores 10.37'A Advocate As Dome Pete 66.75 Akaitcho Fam Play 9.50 Area Mines Gt Cdn Oil 400 Belcher Iro Gen Motors 73.00 Black Bay Gl Lakes Pap 17.00 Bralorne Gult Oil Cda lfi.50 Broutan Hawker Sid 2.00 Belhlehem Huron, Erie 17.00 Brunswick Hiram Walk 41.75 Cannda Tun Imperial Oil 19.00 Cassiar Imperial To 14.25 Central Pat Int Nickel 45.50 Chimo Int Pipe 24.50 Conwest Inv Gp A Cons. Ram] Int Utilities 33.25 Coin Lake Indus! Accept 15.00 Cochenour Laurentide Craigmon! Kelly Doug A DicKenson Loeb 4.85 Denison Mir Loolaw A 5.75 Deer Horn Metro. Stores 25.50 D'Eldona Massey Ferq 10.00 Dome INDUSTRIALS n Securities of Canada OK SALE i. QuuieS) l.m. QuolM! 13.37VJ Falconbridge 145.00 j 22.50 Frotex 26 5 75 First Maritimes1 .90 8.00 Gfflnt Y.K 9.50 12.25 Gunnar 1.39 p 19.00 Granduc 8.00 Headway R.L. 11.50 16.75 Hollinger 34.00 21 87V'a Hud. Bay M-S 21 -CD 23.25 Hydra Ex. ,21V'j 10.50 Highland Bel! 2.81 24.75 Iron Bay 3.15 A 8.75 Iso 1.95 Pp Jollet Quebec .21 Pp 32.50 Kerr Addison ll.fiSVa u.7S Key Anscon .ro 39.00'- Labrador 'g 3.05 Lake Shore 3.65 9.75 Leifch l.So 1250 Langls Silver .09 22.50 Macassa 1.25 A 15.50 Madsen R.L. .89 d 1 6S Malartic G.F. .75 1.45 .Martin McNeely 12.50 Maybrun 24 20.1 163.00 15.12Vi Meta Midrim 3J 22.50 Mogul 10.25 1975 Mew AInona .16 NES New Calumet .24 .07 New Imperial Price Rises LONDON (AP) of gold rose more in Europe's bull Tuesday to its big more than a year. Continued strong lack of supplies appeared behind climb that has la eral weeks. The price was fi> at S37.875 (U.S.) a cents over Monday In Zurich, it clo against Monday closing. The Paris prict cents to and it reached u .London dealers for the metal usu in the autumn an the metal are hold pectalion of still hi Price Index Drops OTTAWA (CP) Lower food prices .pushed thfi consumer price index down for September in six cities in Eastern and Central Canada, while indexes rose in Western- Canada, the Dominion Bureau of Statistics reported Tuesday. The largest decline was in St. John's, Nfld., where the city index, based on 1961 prices equalling 100, .declined to 121.3 from 122.6 in August. By contrast, the indexes of four Prairie cities rose three-tenths of one per cent, to 122.8 from 122.4 in Saskatoon and Re-gina and to 126.1 from 125.7 in Edmonton and Calgary. .The Winnipeg index moved up to 127.6 from 127.4, and the Vancouver index rosa to 123.5 from 123.4. Other indexes for September were: Halifax 124.1, down from 125.3 in August; Saint John, N.B., 123.8, down from 124.0; Montreal 124.3, down from 124.8; Ottawa 127.7, down from 128.0; and Toronto 127.3, down from 53 Northgale 10.37W i 92 Opemlska 11.75 .48 OSISltO .07 Patina 31.00 Point 29.50 Placer Dev. 33.50 U.12VV p-c- 4.30 Quebec Man .22Vi g. Rayrock 1.35 22.75 Rafliore .30 3.00 Algonr... 14.00 T. 32 Roman Corp. 5.75 12.75 Silverflelds 2.05 Isr .75 sherritt Gordon 18.50 Miller .07 .57 Steep Rock 2.SS 10.37% SIscoe 1.90 Mint 1.40 Tek Corp 6.70 es 23.87Va Texmont 53 ,07Va Upper Canada 1.99 1.10 Western Mines 3.85 65.00 Wright Har. 1.57 .23 Wtllroy Leases Hearings Scheduled BANFF (CP) A three-man review board, headed by former Alberta chief justice C. Campbell McLaurin, will begin hearings next Monday on lease rental increases in Banff National Park. Also named to the board are former .Calgary mayor Jack Leslie and Louis H. Howard, both experienced real estate appraisers in Calgary. Lessees have two courses open to them to appeal rental increases which are to come into effect at the start of 1971. They may appear before the board in Banff and then go to the Exchequer Court of Canada. It is believed some 220 leases are affected by rate increases recommended by a Vancouver firm of real estate appraisers hired by parks officials to review rentals in Banff. Rental increases were to go into effect last year but were postponed a year after considerable controversy. National parks .administrators said the increases would be postponed as an anti-inflation Corp Discovery M nei 1.25 WIndtail 15 Molsons-A 13.12'A East Malar! c 1.40 Yellowknlfe Br. 3.00 Molsons B 12.75 East Sullivan 5.55 Zenmac Vancouver, Ca (Supplied by Doherty, LAST BID a.m. Quotes) a.rr WESTERN OILS int uni pfd Alminex 5.60 Inler Steel Asamera Jeff Lake .Banff 12.37V3 Joulei ,..-B. P. OH 5.25 Kaiser Res Can Soulh 4.10 Katn Kotla Cdn Exp Gas 4.85 Lake Ont P Cdn Home 7.10 Mentor Cdn Home Pfd. 17.50 Newconex Cdn Ind. Gas 10.i2Vi Pac Pete Cdn Long Is .62 Rank Organ .Cdn Super 35.42% Shell Inv Cent Del Rio 11.62W Shell Inv P Charter 6.25 Shell Inv W Cnleflan sicks Rain Dynam Pete 1.27 West Cdn S Gt Plains 37.50 While and Mill Clly 2.02 CALC New Cont 1.00 Acroll North Cdn Oil 6.2o Anac Pete Numac 7.50 Barons Oil Permo .81 North Cont Petrol 1.34 Plains Pete Pinnacle 85 West Warne Place Gas 1.26 Madison Ponder .64 Rexdale Ranger U25 P1PEL1N Scurry Ram 52.12V. Gas T Spooner 2.25 Alla Gas West Dccal 5.70 Cdn w Na MISCELLANEOUS Inland Nat INDUSTRIALS N and C A'co Indus ___ N and Aquataine 23.75 Gai Metro Bril Ntld Cp 4.95 Gai Metro Cdn Brew A Tr Cdn Pi Cdn Brew B 33.50 Tr .Cdn P Cdn Hyd Car Tr Cdn P Cdn Pac Inv 23.50 Tr Cdn P CPR Pfd 8.75 Tr Prairie crows Nest Ind 46.50 Westcoast Cygnus A 4.65 Western Pa Cvgnus B 5.00 MUTUAl Cum Prop 12.00 AGF Specia Gt Cdn Oil 4.05 Al Cdn Cc Home Oil A All Cdn D Home and Pit 1-95 All Cdn V Hud Bay Co Amr Gr Hud Bay Oil 39.75 Cdn Invest Hud Bay Oil 53.50 Col Mutual Hugh Rus Pfd 20.00 Cmnw Inter Husky Oil CmhW Lev Husky Oil B 40.00 Corp Inves Husky Oil War. 6.65 Corp In 5 Int Pro Pipe 11.62% Dreyfus F NEW YOR Supplied by Richardso Amr T and T 43.75 Montgomery Anaconda 21.25 Sears Btn Steel Std Oil of Chrysler 24.25 Texas Gulf Comsat 47.00 Texas Co Dupont 120.00 Woolworth General Motors 71.75 Westinqhous Gulf U.S. .Steel Int Harvester 24.1 2Vi TORONTO Kenn Copper -U.QO SO Indust QUOTATIONS Igary, Montreal Roadhouse and McCuaig) OR SALE Quores) a.m. Quoiei} Gr Equity 5.64 6.19 625 Gr In shares 3.04 3.34 Invest Gr 9.79 10.71 1.11 Invest Mulual 4.93 5.39 Mulual Ac F 4.72 5.19 1 26 Mulual Gr F 4.14 4.S5 f... 1.80 Mulual In 4.56 S.01 Nal Res 6.81 7.44 610 H W Fin 3.56 3.91 27 N W Gr 4.35 4.78 16.00 Principal Gr 3.58 3.91 33.00 Mutual 6.11 658 tl 29.62'A Royfund 4.B5 5.00 IS 14 SO United Ac 4.65 375 VANCOUVER d 2.65 Anuk Yule" 17.25 Arctic Mining .21 oy AtlflS Explor .61 j i0 Bel" Copper 16.00 na Bornile Ridge .14 'M Block Bros 3.40 03 Brenc'a 9.40 37 B.C. Sugar r x2 capt Inter 3.25 "an Churchill Copper 1.75 'S Columbia Cel 6.1 Coronation Cr 1.15 ?c ci. Crest Fr Ind C.37V4 ,1- A crovden 36 ?H5 Dolly Varden .50 "f.. DynJstv f.O Gs! Fort Reliance .45 r'isni 'KiiCOi 3.30 ,m Grange j i- ,fSS Key Indust 40 Pfd A 61.00 Gr'mm B 2.55 32.1214 Hy.s 2.85 nu A S'Jn X-M P'J A Jerict" -mv' War .1.37'A Kamloop, copper .14 Pipe 12.50 LornoxP.. 4.90 Z1-S Lytton Minerals 2.70 cific 4.85 Madrona 35 FUNDS New Cronin .OB 2.19 New Imp Mines 1.95 m 6.60 7.21 Okanagan Heticop Pi EDMONTON (C :o 11 a.m. today the Alberta Hog Marketing Board: Edmonton: Quo ing 23.55, avera 23.58. Red Deer: Quo 23.05, selling 23 Tuesday 23.60. Calgary: Quotef 23.50, average, T Lethbridge: No Lloydminster: N Total hogs so average, 23.5 sold to 11 a.m. too Drice, 34.62. Firm Plans Bulk Terminal VANCOUVER (CP) A Calgary-based transportation firm has announced an agreement with the National Harbors board which will lead to a 25 million multi-commodity bulk terminal at the Roberts Bank port development 20 miles south of Vancouver. Trimac Transportation System Ltd. a wholly-owned subsidiary of Westburne International Industries Ltd. of Calgary, said the agreement is for one of the five new sites to be built by the board at Roberts Bank. It is estimated it; would cost the board approximately million to create the site. About 11 million cubic yards of dredged material and one-million tons of other material would be required. Trimac says facilities to be built for the first phase would cost 15 million, with the fall of .1972 the target date of operation. Additions would bring the total cost of Trimac's operation to million by Farm Machinery Import Price Probe Sought OTTAWA (CP) Don Mazan-iowsM VegrCTille) went after Agriculture Minister H. A. Olson in the Commons today, saving the minister should investigate why the price of im-jorted farm machinery has not declined despite the government's unpegging of the dollar last spring. Mr. Olson said the situation is under review by the special commission on farm machinery. Mr. Mazankowski asked whether the minister had received any representations on Jie subject. Mr. Olson replied: "Not in that exact F? t OPEN FRI. 326 5th ST Honored By U of N.B. LONDON (CP) Opposition Leader Harold Wilson, accompanied by his wife, flew to Fredericton today to receive an honorary degree from the University of New Brunswick. He plans to return here Friday. An official said the Labor party leader will confine his' activities to Fredericton and not confer with federal authorities on this 3.30 3.61 Pyramid 56 F 4.50 4.94 Silver Stand 1.41 F 4.19 4.59 T C Explor .39 5.25 5.76 Texmont 55 11..I3 12.53 Trojan 35 2.92 3.20 Western Mines 3.75 4.98 5.44 Westcoast Res .18 F 4.42 4.83 Western Explor STOCKS n, Securities of Canada Ward 57.75 20 Golds 177.84 otf l.ll 70.75 10 Base Mel 95.96 off .22 N.J. rices advanced again follow-ng a mid-session slump. Deferred flax futures were stronger on exporter buying while nearby futures were frac-ionally easier. Oats, barley and rye con-inued fractionally stronger in domestic shipper buying. Volume of trade Tuesday was bushels of flax, of rapeseed, of rye. Prices for class two wheat 'or export to countries outside JGA: 1 Nor 1.80; 2 1.78; 3 1.73Vi; 4 1 Durum 2 1.78% 3 IGA prices: 1 Nor 1.80; 2 1.78; 3 1. 4 1 Durum a 1.785s 3 Review Grain quotes table was not available for publication at press Parley FORT MACLEOD (Spe c i a 1) The national association for old age pensioners met recently at Moncton, N.B. Attending from Fort Mac-leod were the national secretary Mrs. Marnie Goddord and the national treasurer A. A. Neddow. There were 185 delegates in attendance with every province except Nova Scotia represented. There were 52 resolutions passed, dealing with social problems affecting elderly liy THE CANADIAN PRESS Alberta Gas Trunk Line Co., class A common, 3TA cents; 4% per cent, series C, 5% per cent, series D, nil Nov. 15, record Nov. 1. Kelly Douglas Ltd.. class A, cents, Nov. 30, record Nov. 6. Canada Safeway Ltd., 36 weeks ended Sept. 5: 1970, Kniscr Resources Ltd., nine months ended Sept. 30: 1970, loss; 1969, figures OPENING SPECIAL! Offer Expires Oct. 31 HAVE YOUR PORTABLE A A CLEANED, OILED Sf.UU and NEW RIBBON I F0o KUALS NOBLEFORD (HNS) Mr. and Mrs. Laurence Mills and Lori-Ann of Cranbroolc were weekend visitors at the home of Mr. ind Roy (PARTS Wtdntlday, Otloblr 21, 1970 THE LETHCRIDGE HEKAID II xL The price Prices Business Spotlight, Eaton's Plunges Into Insurance TORONTO (CP) A depart- ment store mail-order catalogue could become an investment manual for thousands of Canadi- ans if Arthur Weaver's plans reach fruition. Mr. Weaver, 55, president T. Eaton Life Assurance Co., a new subsidiary of T. Eaton Co., Ltd., Canada's largwt retail or- ganization, heads the company's plunge into the personal finan- cial service business. Eaton's is planning a mutual fund organization and has been granted supplementary letters patent which empower it to sell accident and health insurance. Mr. Weaver's plans for expan- sion include sending out the mu- tual fund prospectus with the Eaton's catalogue, and using di- rect mail to reach the store's customer lists. vThe subsidiary will begin with a'perscnal tax advisory service in 10 financial counselling centres in Toronto stores. BROADENS SERVICE By mid-1971, a broad range of mutual funds and life, accident and health be of- fered. The scheme's key feature is its use of Eaton's large selling organization and personal credit facilities. "The basic fact about insur- ance is that it has to be says Mr. Weaver. "People don't just call you up and ask for some." "What we are trying to de- velop is a one-stop selling serv- ice." He says contact will be made with the public at kiosks or open counters in busy store lo- cations. Specialist services would probably be located in other areas of the store. Eaton's insurance subsidiary was founded 50 years ago, largely as a group insurance plan for store employees. At that time, employees wanted cash benefits rather than insur- ance and the group plan was discontinued It was resurrected in the early 1350s as a contributory plan. The insurance setup has ARTHUR WEAVER Potato Futures WINNIPEG Mari- time potato futures market nad light trade Tuesday, with bids and offers near previous close levels. Contracts were executed in the May future at two points under (he previous close. Volume of trade Monday was four contracts. Open High Low Close Nov 2.25N Mar 2.57B Apr 2.65N May 3.07 -1.07 always, however, included number of outsiders. About 25 per cent ot the insur- ance group's business now is with customers who are not em- ployees of the retailing' com- pany. Mr. Weaver, a native of To- ronto, spent 21 years in the in- surance business with John Hancock Mutual Life Insurance Co. of Boston before joining Eaton's earlier this year. The important thing about the new insurance subsidiary, he says, "is that we plan to run a high-quality operation.'' "The broad range of services we will be offering will allow us to take a professional approach to our customers' needs." Slim Profit For Chrysler DETP.OIT (AP) Chrysler Corp. reported net earnings of million, or two cents, a share, in the year's third quar- ter, compared with million, or seven cents a share, in the similar three months of 1969. The slim profit left Chrysler with a loss of S20.2 million the equivalent of a loss of 42 cents a share, for the first nine months of 1970. Over the same span a year ago, Chrysler had a profit of million, equal to a share. Sales for the year's first three quarters totalled billion, against billion in 1969. QUALITY DENTURE CLINIC EDDY DIETRICH Certified Dinlal Mechonit Copilel Furniture Bldg. PHONE 328-7684 WESTINGHOUSE GAS DRYERS With 1 ytor service by Westinghouse factory fwV trained pertennd olio includtdl SUGGESTED LIST CAPITOL'S PRICE WITH YOUR GAS COMPANY VOUCHER ONLY ALWAYS CHOOSE GAS Yftur Mwt Dependfibta fup.l fconomlcol Initant heat drying Cleaner Softr CONVENIENT TERMS! OPEN TILL 9 P.M. THURS. AND FRI. NIGHTSI QoDp PHONE 327-8578 ;