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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 26, 1970, Lethbridge, Alberta Fractional Rise In Stock Market TORONTO (CP) on 103 to 87 with 156 issues un the Toronto stock market were mixed to fractionally higher in light mid-morning trading today. On index, industrials dropped .23 to 163.99. Golds rose 4.09 to 186.90, base metals .13 to 95.34 and western oils 1.18 to 177.95. Volume by 11 a.m. was shares, compared with at the same time Friday. Gains outnumbered declines Coppei Price Cut TORONTO (CP) Texas Gulf Sulphur Co. and Hudson Bay Mining and Smelting Co. Ltd. have advised Canadian'cus- tomers that the price of refined copper has been reduced to 57.3 cents a pounJ from 59.. The price cuts follow similar action announced here by International Nickel of Canada Ltd. and the reductions match new prices set by United States copper producers. Texas Gulf customers in the U.S. were aiivised the price would be 56 cents a pound. Major U.S. companies earlier this week reduced prices to 56 cents a pound from 60. Both Inco and Texas Gulf said the price to Canadian customers was related to the value of the Canadian dollar in relation to the U.S. dollar and the domestic price was based on continuance of the current exchange rate. The Canadian dollar now is val- ued at about 98 cents U.S. Shell Oil Shows Hike In Earnings TORONTO (CP) Shell Can- ada Ltd. reports nine-month net earnings of or share compared with or a share for the comparable period last year. The company said increased production of crude oil and nat- ural gas liquids were major fac- tors for the. improved earnings. Higher sales of refined products and natural gas were other fac- tors. An increase in income tax, re- duction in sulphur revenue and higher debt charges partially offset the company's earnings. Standard Oil Earnings Up NEW YORK (AP) Stand- ard Oil of New Jersey has an- nounced an increase in earn- ings for the third quarter and the first nine months of 1970. In the third quarter, profits rose 10.5 per cent to million or a share, from S296 mil- lion or a share a year ago. For the nine months, earnings rose to million or a share, on the basis of an in- creased number of shares out- standing, from million or a share a year ago. Sales for the first nine months of 1970 rose 9.6 per cent to billion from billion in the comparable period of 1969. Egg Prices EDMONTON (CP) Weekly egg and poultry report issued by the Alberta department of agriculture. Eggs To producers A large 39; A medium 29; A small 14; B 17; C 5; Cracks 10. To retailers A large 51-52; A medium 40 to 41; A small 25 to 26; B 31 to 32; C 20 to 21; cracks 23 to 24. To consumers (in cartons) A large 52 to 54; A medium 42 to 43; A small 27 to 28. Poultry To No. 1 chicken broilers, 19Vb. Fowl under 4, 5. Turkey- tinder 12, 2314; 12 to 18. over 18, 24. Live No. 2 chicken 17. Turkey under 12, 20Mt; 32 to 1C, 22. changed. Strongest sectors were bever ages and merchandising. Ten o the exchange's 17 sub-ino'exes were lower. Among rising issues, Dom Pete gained 2 to Supertes ordinary 1% to Maclare B 1 to and Giant Mascot 1 cents to Pine Point rose Vi. to Dynasty 20 cents to Asa nrera to Brascan Vt ti Campbell Red Lake and Kank Vs to Scurry-Rainbow dropped tc Shell Canada Vi to Mattagami to and Hudson Bay Mining to Aquitaine fell to Bel 'A to Noranda Vt to and Royal Bank Vi to LIGHT TRADE MONTREAL (CP) Th Montreal stock market was un settled in light trading today. Only shares wer traded on the Montreal and Ca nadian Stock Exchanges this morning, compared with in the same period Friday. Falconbridge dropped tom. Textile Stores 10.37V Dome Pete 73.75 :amous Players 9.75 Ford of America 50.00 .t Cdn oil Sand 3.75 fen. Motors 73.75 it. Lakes Paper 17.CO lulf Oil Cda. Hawker Sid. 1.90 Bethlehem Huron and Erie 17.12% Brunswick Hiram Walker 40.37% Canada Tung. mperlal Oil 18.75 Casstar mperifll Tobacco 14.25 Central Pat. nt. Nickel 44.37W Chimo....... nt Pipe 23.62V2 Conwe't nv Group "A" 7 Cons. Rambler nt. Utilities 33.00 Coin Lake ndust. Accept. 15.25 Cochcnour aurentidc 5.00 Cralgmont .elly Doug. "A" Dickenson Mines ocb Denison Mines oblaw "A" 5.50 Deer Horn rtctro. Stores 24.60 D'Eldona oy Ferguson Dome Mines McMillan Bice 23.25 Donalda Moore Corp. 31.62% Discovery Mines Aolsons -'A" 12.63'A Past Molartic Ytolsons "B" 12.00 East Sullivan 1.60 .2J l.i.OO -1.30 1.S8 23.00 2.92 1.35 .73 .16 .63 9.90 1.45 24.55 New Athona New Caiumet Now Imperial Noranda Northgate Opemiska Osisko....... Patino..... Pine Point Placer Dov. P.C. Exp...... Quebec Man Rayrock Rio Algom Roiiian Corp. SNverfields Sherritt Gordon Silver Miller Steep Rock Siscoe Tek Corp...... Texmont Upper Cnada Western Mines Wrighf Har Willroy Windfall Ycllowknife Br. Zenmac....... .90 10.35 7.21 7.EO 11.00 35.00 21.25 .22 3.05 3.10 1.93 .22 11.50 .30 33.50 3.55 1.91 .09 1.20 .93 .75 1250 .23 156.00 .17 .30 1.92 27.75 9.90 11.50 .33 30-25 32.00 33.00 .62 .21 1.32 2.05 17.62% 1.95 3.75 1.55 1.39 NEW YORK STOCKS Supplied by Richardson. Securities of Canada T and T 43.00 Montgomery W 26.50 SO Golds 189.11 up A.30 .nnconda Scars 10 Base Met 95.59 up .38 ith Stcet 21.25 Sid Oil Of N J 7000 15 West up hrysler Texas Gulf m.25 Volume 1.0S7, 000 omsat 4ft.OO Texas Co....... 37.87ViNEW YORK AVERAGES 'upon! 117.50 Woolworln 32.25 30 Indust 759.2.1 oil .U en Motors Wcslinghouse El 63.50 20 Rails 149.72 off .53 59.95 U. S. Slcel 50.00 15 Utilities 10i.40 oft .li nt Harvester 2.1.37'A TORONTO AVERAGES Stocks 243.07 off .50 Kenn Copper 37.87'A !0 Indust 164.00 oft .22 Volume New Pay Pact For Pressmen VANCOUVER (CP) Five newspapers in British Colum- bia owned by Thomson B.C. Newspapers Ltd., have settled a contract dispute with their pressmen with a wage agree- ment offering an increase of about 28 per cent. A company spokesman said the agreement involves a package on a base rate of about 3.75 over two years. Newspapsrs involved in the dispute were the Kelowna Coutier, Kamloops Sentinel, Penticton Herald, Vernon News and Nanaimo Free Press. Tile four Okanagan papers had been Iiit by a series of short strikes by their press- men, culminaiting in a Hi day strike which ended when the company agreed to resume bar- gaining. portant the Russians are doing it too in north-flowing Dr. Dickie said. The Arctic ice is largely con- trolled by the outflow from the major Russian rivers. The Rus- sians have plans to dam all of them and even divert one to a south-flowing pattern. Dr. Dickie says.. major changes already are occurring in climate and he regards it as more important to study these than to concentrate entirely on pollution. He argues that Canada has the ability to measure the prob- able ecological effects of known plans to develop water re- sources or take other steps that could affect ice formation, rain- fall and other climatic factors. CANADA TRUST APPOINTMENT THE CANADA TRUST COM- PANY is pleased to announce that Lynn Selman has joined their Real Estate Department as a Sales Consultant. Lynn began his Real Estate career in 1951 and served a lerm as President of tho Lethbridge Real Estata Association in 1960. Lynn would like to invile his friends, his former customers or anyone ho is needing assistance to give him a call. AGROLOGIST A large diversified groin company requires an Agrolo- gisf as Technical Supervisor for the Provnce of Saskatchewan. To reside in Saskatoon, DUTIES 1. Under direction, will develop company agricultural exten- sion programs in the Province of Saskatchewan. 2t Will assist producers in improving crop production tech- niques. 3. Will represent the company at agricultural and other farm meetings. 4. Will conduct sales and product information courses for Elevator Managers as required, 5. Will act as I ia is ion with Universities and Government Agencies. QUALIFICATIONS: University Degree in Agriculture, preferably Plant Science option. Practical knowledge of farming either through farm background or related experience. Initiative in developing ideas and ability to adopt to varied programs. We offer an attractive salary range commensurate with ability and experience and excellent employee benefits. A company car is provided. Reply in confidence with a detailed resume to: The Personnel Department P. 0. Box 6600 Winnipeg 1, Manitoba ;