Lethbridge Herald, The (Newspaper) - October 27, 1970, Lethbridge, Alberta
ly, OOobtr 17, IWO _ THE LtTHMIDGE HtUlO it r i Market Lower In Light Trade TORONTO (CP) Tha To- ronto stock market was frac- tionally lower for the seventh consecutive session in light mid-morning trading today. On index, industrials fell .2! to 163.58 and western oils .30 to 175.64, Golds rose 2.87 to 195.76 and bast metals .03 to 95.12. Volume by 11 a.m. was Shares, compared to al tin same time Monday. Losses outnumbered gains 128 to 77 with 164 issues unchanged, Weakest sectors were banks, beverages, food processing anc chemicals.. Seven of the ex- change's 17 sub-indices were lower. Pipeline and steel issues made fractional advances. Among losing issues, Super- test common fell 2% to Canada Packers 1 to J19J4, nadian Industrial Gas to and Walker-Gooderham to OSF Industries lost Vt to Royal Bank Vi to Alcan to Sherritt to and First Woman Nominated MILESTONE, SASK. The New Democratic Party, with the nomination of a farm- er's, wife to contest Milestone constituency, has become the first party to nominate a wo- men for the next provindal general election. Edna Bradley, of Milestone district, defeated Walter Sam- brook, a farmer from the same district, In a two way contest for the nomination. The seat now is held for the Liberals by Welfare Minister C. P. Mac- Donald. Egg Prices EDMONTON (CP) Weekly egg and poultry report issued by the Alberta Department of Agriculture: Eggs To Producers A large 39; A medium 33; A small 16; B IB; C 6; cracks 6. To retailers A large 50 to 51; A medium 44; A small 27; B 31 to 33; C 20 to 21; cracks 23 to 24.- (Two cents; extra in To consumers (in car- A large 55 to 57; A me- dium 48 to 51; A small 32 to 35. Poultry To producers Live No. 1 chicken Broilers, Fowl Under 4, 5. Tur- key .Under 12, 12 to 18, over 18, 24. Live No. 2 chicken Broilers, 17. Turkey -Under 12, 12 to 18, over 18, 22. National Pete 20 cents to Hinde and Dauch rose 3 t Cominco to Dome Pete to and Me Intyre 3 to Denison rose to Range to Roman 35 cents t and Lake Shore five cents to SLOW TRADE NSW YORK (AP) Marke prices continued to ebb in slow trading today as investors too to the sidelines and the new front remained unstimulating. At noon, the Dow Jones aver age of 30 industrial stocks sank 1.91 points to 754.52. Declines led advances on th New York Stock Exchange b almost 2 to 1. Among Canadian issues Alcan was down at Dome Mines off 1 at Hud son Bay Mining down a and Mclntyre up 1% a On the American Stock Ex change, Canadian Javelin addet to Canadian Marconi dropped to and Brascai and Scurry Rainbow dropped V to and MONTRAEL noo stocks report to newspaper was not available today due t technical problems at the Mont real Stock Exchange. Beef Futures WINNIPEG (CP) Trading was fairly active Monday on the Winnipeg Beef futures, marke with several trades executed in the January and March futures at 20 points over previous close levels. Open High Low Close Nov 29.50A Jan 29.75 29.75A Mar 30.00 30.20 30.00 30.20A Potato Futures WINNIPEG (CP) The Mar- itime potato futures market was inactive Mbnday. Open High Low Close Nov 2.25N Mar 2.57N Apr 2.65N May 3.07N DIVIDENDS By THE CANADIAN PRESS Burns Food Ltd., common 7 cents, Dec. 15, record Nov. 16, George Weston Ltd., per- cent 1st pfd. .six-per- cent 2nd pfd. both Dec. record Nov. 15. Pine Point Mines Ltd., com mon Dec. 18, record Nov. 25. NEW YORK STOCKS Supplied by Richardson. Securities of Canada 26.50 ffl.75 I 18.75 116.00 32.75 32 50 General Motors westinghouse Ele'c 4314214 20 Rails" 147.32" oft Gulf 29.6214 U. S. Steel ......30.1214 15 Utilities 10S.9i Oif .32 Int Harvester 23.8714 TOP.ONTO AVERAGES 65 Stocks 241.03 otf .25 Kenn Coper 20 Indust 163.50 off .37 Volume Amr T and T Anaconda Bin Steel Chrysler Comsat Dupont 42.75 Mongom Ward 20.00 Sears 21.25 Std Oil Of N 24.75 Texas Gulf Texas Co..... 116.75 20 Golds 194.12 up 1.23 10 Base M 94.73 off .34 15 West 0 174.5C off 1.44 Volume NEW YORK AVERAGES 30 Indust 754.52 off 1.91 Ask for this folder to learn how you may obtain an IDB loan to assist irj starting, modernizing or expanding your business any- where in Canada, UNDWRIAL DEVELOPMENT BAHK TERM FINANCING FOR CANADIAN BUSINESSES LETHBRIDGE, Alia.: Ave. South-Tel.: 328-3681 Grain Prices Winnipeg Grain WINNIPEG (CP) Export er buying in oilseeds movct prices to higher levels at th mid session of the Winnipe Grain Exchange today. Oats and barley showec some strength with some com mercial house buying. Rye wa limited to inter-month spread ing. Monday's volume of trade in eluded bushels of flax of rapeseed and 140, 000 .of rye. The export loading of Cana dian wheat included bushels to the United Kingdom to Germany and to Japan. Mid-session prices: Flax: Oct. IK higher 2.59% A; Nov. His higher Dec. Wghsr May higher 2.54A. Rapeseed Vancouver: Nov higher Jan. 1% high- er March higher May higher Rapeseed Thunder Bay: Oct 2 higher Dec. 3% er April 2% higher 2.58V2B. Oats: Oct. higter 86% Dec. unchanged 87A; May higher July not open Barley: Oct. Va higher 1.28A; Dec. higher May changed July not open Rye: Oct. lower 1.04B; Dec. lower 1.06A; May Vi lower l.lSViB; July not open. Uranium Strike Find Fizzles Out RENO, Nav. (AP) Charies Steen, who four months ago said he had found what looked like his second, big uranium strike in Utah, came home to- day and admitted defeat. "There's uranium, but it's not said Steen. "I'm done for the time being." Last July when reveal- ed he had found uranium near Escalante, Utah, the onetime uranium millionaire said he was :'99.9 per cent sure" of a deposit ;hat could be worth, by an as- sociate's estimate, up to million. Steen returned from test drill- ng at the site, however, to say re is "a long way" from that tind of a find, but plans to keep ooking. Steen hit it big in 1952 with 'Mi the name he gave a 60 million Utah bonanza that made the once penniless geolo- jst rich. In recent years, follow- ng what he called bad business [eals, Steen has been fighting n bankruptcy court to win ap- iroval of plaris to pay debts that mounted to million. Hog Prices EDMONTON (CP) Hog irices to 11 a.m. reported by he Alberta Hog Producers ilarketing Board: Edmonton: Quoted 22.85 to 23.10, selling 23.10, average londay 22.84. Red Deer: Quoted 22.85 to 22.90, selling 22.85, average donday 23.07. Calgary: Quoted 22.85 to 3.15, selling 23.15, average today 23.13. Lethbridge: Quoted 22.90 to 3.05, selling 23.05, average londay 22.99. Lloydminster: No sales aver- ge Monday 22.55. Sows 14.12. Hogs sold to 11 .m. Monday pro- ineial average 22.96. NET EARNINGS By THE CANADIAN PRESS Canada Packers Ltd., six aonths ended Sept. 20: 1970, 81 cents a share: 969, 81 ceits. Hudson's Bay Oil and Gas o. Ltd., nine months ended ept. 30: 1970, 65 ents a share: 1969, cents. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Kaadliouse and McCuaig) LAST BID OR SALE am. Quotes! M'liOO a.m. WESTERN OILS Almlnex Asamera Banff BP Oil Gas Can South Cdn Ex Gas Ashlands Cdn Homestd Cdn Ind Gas Oil fdn Long Is Cdn Super Cfin Del Rio Chleftan Dynamic Pefi Gt Plain-, Mill City New Cent, Numoc Permo Petrol Pinnacle Place Gas Ranger Scurry Rain Sooon-er West Decalta. Joulel 5.75 Kaiser Res 15.12V! Kam Kotla L Ont Port Cern Mentor Newconex 8.45 Rank Org <5.60 Shell Inv Shell Inv PI'1 .72 Shell Inv WIs 34.50 Sicks Rainier lo.37Vj West Cdn Seed 9.50 White Yukon CALGARY Acroll Ana Pete Barons Oil North Cent Plains Pcle West Warner Madison Rexdale 1.24 8.00 1.20 us .54 4.00 27.00 16.12V2 31.75 14.03 a.m. Quotes) Invest Grow 10.5! Invest Mut 4.87 5.3: I.O.S. Venlurt l.U 3.5 Mut Accum F 4.69 5.0 Mut Grow F 4.04 4.4. Mut Inc 4.55 5.00 Nat Resources 4.61 2.44 N. W. Finance 3.53 3.88 N. W. Grow 4.31 4.74 Principal Grow 3.58 3.93 Regcni Fund 7.71 8.43 1.23 K75 2.00 7.50 .flo 1.25 o 7e Royfund 4.79 4.94 ,it United Aecum 4.21 171 w. Unlver Sav 6.S3 7.11 VANCOUVER 1.28 13.75 21.75 2.34 5.50 PIPELINE STOCKS Alia Gas T L A 45.75 MISCELLANEOUS INDUSTRIALS Ate" -d 10.35 14.75 10.00 23.50 4.SO ine Brit Cdn Brew A Pfd Cdn Brew B Pfd Cdn Hydro Cdn Par Inv Cygnus A Cyqnus B Cum Prop Gt Cdn Oil S Horns A Home B Home Piffld Hus Bay Co HUd Bay Oil Hud Bay Oil Pfd 49.50 Hugh Russ 77.00 Husky ON War s.M Inter Prov Pipe 11.75 IntI UtII Pfd 35.no Infer Steel Pipe 6.25 Jefferson Lake 9.50 Alta Gas Nat Cdn West N G Inland Nat G North an dCenf Nortn and Cent B 26.75 Trans Can Pipe 31.50 Trans Can P Pfd 39.50 1.35 Arctic Mining Atlas Explora Beth Copper Bornlte Rldgi Block Bros...... Brenda B. C. Sugar Captain Inter Churchill Copper .48 .27 .13 coronation Cred Cresthrook Croyden Do! ley Varden Dynasty Endako Fort Reliance Giant Mascot 29.42V4 Jrans Ca" Pld A 58.00 34.50 c'" P War 11.11% Granlsle 14.87Vi ,Tfans Prairie Pipe 12.50 Key Indust 22 ?7fc Trans 20.J5 Growers B Western Pac 3.70 19.50 1.85 14.00 MVi .21 .41 14.75 .13 3.35 9.75 15.25 3.15 195 1.10 .50 5.40 14.50 .47 3.35 12.50 .31 285 2.80 4.90 FUNDS Interior Brew A.G.F. Soeclal 2.16 Jericho All Cdn Com 6.50 7.20 Kamloops Copper All Cdn 8.33 Lornex..... t.iu All Cdn Vent .3.29 3.59 Madrona 33 American G F -Ul 4.95 New Cronln......08 Canada Grow S.Oi 5.56 Nem Imp Mines 1.89 Cdn Inves F 4.12 Common Inetr 11.30 12.38 Pyramid '54 Common Lev 2.87" 3.15 Silver Standard t 36 Corp Invest 4.91 5.32 Trofan 1o Corp Invnst S F 4.39 4.79 Westenr Mines Dreyfus F U.S. 10.36 71.35 Westcoast Res 18 Grow Equity .554 6.08 Western Explora .26 Group Income 3.04 3.3-1 Uttca ,........73 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada A.m. LAST BID OR SALE a.m. Quoies) a.m. Quoin) INDUSTRIALS Abillbi Alcan Algoma Steel AtcD Ind Bell Tel Braz Trac C. Tel tjurns B. C. Pores) B. C. Sugar CAE Ind Cdn Brew Chemcell Col Cell Calgary Pow Coron Credit C.W.N. Gas Cdn Indus Can S. S. Cdn Marconi Cdn VIckers Chrysler CPR "ominco -Tons Bath Cons Gas DISt Sea Dom Bridge Domtar Dom Textile Dom Stores Dome Pete -am Players ;d of Amer Gt Cdn Oil Sd Sen Motors Gf Lakes Pap Gulf oil cda Hawker Sid turon and Erie ttram Walker mp Oil mp Tob nt Nickel nt Pipe nv Gp A Inr Ufil ndusf Accept -aurenlide Celly Doug A Loeb -oblaw A Astro Stores Massey Ferg McMillan Bloe Moore Corp lolsons A 25.75 3.25 7.25 24.50 A2.00 North and Cen 7 Jo Pembina Pipe Power Corp 21.25 Prlce Co 12.42'A Rothmans 9.75 St Corp Shell CDA 14.50 Simpson's 56.00 Simp Ssars B.37'A Steel of Can 24.75 Selkirk A 15.25 Texaco 4.65 Trad Grp A 7.00 Trans Mtn Pp 4.00 Trans Can Pp 6.12'A Union Gas 24.00 Union Oil 1.15 Versatile Mlg 11.1214 Westeel 9.25 Union Carb Weston's B Wood A West Cdn Sd Zenith Elec BANKS Cdn Imp 9.87W Montreal 17.62V2 Nova Scotia 47.8714 Royal 15.75 Tor Dom 13.75 MINES 11.75 Acme 10.50 Advocate Asb. 73.12% Akaltcho Mines Belcher Iron 3-90 Black Bay Bralorne 16.00 Broulan 1H.50 Bethlehem 1.90 Brunswick 17.00 Canada Tung. 40.25 Casslar 18.75 Central Pat. 14.00 Chimo Conwest 23.75 Cons. Rambler Coin Laka 22.00 Cochenour 15.25 craigmont 5.12V2 Dickenson Mines 5.37W Denison Mines 4.50 Deer Horn 5.75 D'Eldona 24.00 Dome Mines Donalda Discovery Mines Hast Malartlc 13.25 Falconbrldge 21.75 Frobex 5.75 First Marltlmes Giant Y.K. 12.12V) Gunnar 19.00 Granduc Headway R.L. Holllnoer Hud. 'Bay M-S Hydra Ex. Highland Bell 31.75 22.00 23.00 10.50 9.75 23.50 31.00 12.62V7 East Sullivan 26.75 Iron Bay 8.7S Iso 18.62'AJollet Quebec Kerr Addison Key Anacon Labrador Lake Short Leltch 13.00 Lannls Silver 22.50 Macassa Madsen R.L. 2.45 Malartlc G.F. 1.40 Martin McNeely Maybrun 19.50 Maclntyre 18.62V3 Mldrlm 22.25 Intern Mogul New Athons New calumet New Imperial Noranda Northgafa 2.00 Opemiska .47 Oslsko .07 Patlno Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore 2.SO Rio Algom 1.36 Roman Corp. 11.8714 Sllverflelds .79 Sherritt Gordon .17 Silver Miller Steep Rock Siscoe Tek Corp. Texmont Upper Canada 1.04 Western Mines 48.00 Wright Har. .21 Wlllroy 1.20 Windfall 1.40 Yellowknlfe 5.50 Zenmac 39.00 3.25 9.75 19.00 .07 2.20 14.75 4.35 l.BB. 9.70 1.55 25.50 143.00 .25 .96 11.00 1.23 7.70 10.50 35.50 21.00 .21 3.00 3.15 2.01 .2114 11.50 .30 33.00 3.80 1.92 .09 1.20 .95 .80 13.00 .23 155.00 .14 .30 9.75 .16 .29 1.88 27.25 9.75 11.50 .32 30.00 31.50 31.75 .65 .21 1.28 H7S 6.75 2.15 16.50 .07V4 2.50 1.90 .52 2.05 3.65 1.62 1.3J .14 S.CO LIVESTOCK Lethbridpe Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 150 cattle. Receipts mostly slaughter cattle. Trade active. Good and choke butcher steers continue to meet good demand at steady prices. With odd sales to 27.60. Medium grades strong to 25 cents higher. No butcher heif- ers sold early. Medium and good cows sell, readily at, firm rates. Bulls steady. Medium and good heavy feeder steers selling steady. Choice steers 27.25 to 27.50; good 26.75 to 27; medium 26 to 27.20. Good cows 20.75 to 21.75; me- dium 19.50 to 20.50; earners and cutters 16 to 19. Good bulls 22 to 23. Good heavy feeder steers over 900 Ibs. 27 to 27.60. Butcher hogs sold Tuesday f.o.b. Lethbridge 22.90 to 23.05 base price. Good lambs 23.50 to 24. Monday's sales 941 hogs. All classes of weaner and 'eeder hogs under pressure. Weaners to lower, light feeders u n d e r 100 Ibs. or more lower. Heavy feeders over 100 Ibs. around lower. Weaners 4.50-10.50; light feed- ers under 109 Ibs. 12.50-16; teavy feeders 100 to 130 Ibs. 17.25-22; heavy feeders over 130 Ibs. 22.25-24.75. All prices jer head. Light feeders under 100 Ibs. sold from 18-23 per cwt; heavy feeders over 100 Ibs. 14.50-17.25 per cwt. Calgary Livestock CALGAHY (CP) On offer to 11 a.m., about head; nostly good to choice slaugh- ter steers and heifers. Trade was strong and active. Slaughter steers and heifers rere 25 higher with overweight rinds discounted 50 cents to a dollar. (Jood were scarce and uneven with bulls steady. Choice slaughter steers 27.75 to 28.30, good 26.75 to 27.50, me- dium 26 to 28.50. Choice heifers 26.75 to 27.40, good 25.75 to 26.50, medium 24.75 to 25.50. Good to medium cows 18.50 to 21, can- ners and cutters 14 to 18. Good bulls 22 to 23.50. Insufficient replacement cat- :le or stock calves offered to establish a market. Hogs base price 23.15. Portland Livestock PORTLAND (AP) Cattle and calves slaughter :ows steady to 50 higher. Slaughter steers choice 925- ,000 Ibs 29.00 29.50, mixed good and choice Ibs mall lots 28.25-28.90; slaughter ffiifers good 24.50-25.25; slaugh- er bulls commercial and good feeder steers small ot choice 750 Ibs 28.40; good Ibs 24.30-26.10. Referral Selling Practices Aired TORONTO (CP) Pyramid selling should not be outlawed unless lotteries and racetrack betting are also outlawed, an official of the Toronto Better Business Bureau told a provin- cial inquiry Monday. "You can't protect everybody against everything at al Thomas Rimmer tolc the two-day public hearing into pyramid and referral selling practices. "If a citizen wishes to gamble and possibly lose it on a multi-level merchandise opera- tion he should be left perfectly free to do said Mr. Rim- mer, a department manager with the BBB. Pyramid selling, or multi- level merchandising, is a sys- tem in which individuals are ap- proached to become distributors of a product. They pay cash for the goods and recruit others to do the same thing. In referral sales, the buyer of an article is told he will receive a cash bonus or have his pur- chase price lowered if he refers the salesman to someone else who will bu; the product. The inquiry committee, under Toronto lawyer S. G. M. Grange, was established in June by A. B. R. Lawrence, minister of financial and commercial af- fairs. Mr. Rimmer said ethical mul- ti-level merchandisers suffer be- cause of the acts, of "less ethi- cal competitors." PROBLEM REDUCED Mr. Rimmer said that through the bureau's efforts the referral problem has been reduced to a minimum. But the first witness 'Tonday told a confused story about a vacuum cleaner she bought on a referral plan. Suzanne Roman, a housewife, said the cleaner might cost her She told the inquiry she agreed to pay down ant a week for 24 months but was to get a reduction on the cost for evsry referral she made. PWA Extends Air Service VANCOUVER (CP) Pa- cific Western Airlines Ltd. has extended service on the former B.C. Air Lines Ltd. Vancouver to Oalgary run to include Grand Forks. The Grand Forks stops arc made five days a week by 24- passejiger jet-prop Nord air- craft that continue to Castlegar and Cranbrook, enroute to Cal- gary and reverse the itinerary on the return flight. She said she made three re- ferrals but got no money and her bank account was gar- nisheed by the cleaner sales company when she tried to re- turn the machine. She said the account now la frozen white the dispute is set- tled in court. Rapeseed Program Goes Ahead OTTAWA (CP) The plan to make n.ew rapeseed varieties available to Canadian growers by 1972 will go ahead as sched- uled, officials said today. Agriculture Minister H. A. Olson said last week he was not prepared to say there will be a complete switchover. Dr. J. C. Woodward, assistant deputy minister of agriculture, said it has been decided to go ahead as planned. The development by Canada of the new varieties of rapeseed gives this country a lead on the rest of the world that seems like a good gamble to exploit, he said. This was the key reason in deciding on the program, cou- pled with evidence of heart damage in laboratory rats fed high doses of erucic acid, a con- stituent of present rapeseed oils. The health aspect of the program was emphasized in original announcements of the program to switch farmers to the new varieties which are vir- tually free of erucic acid. The federal food and drug di- rectorate has said that at the levels of intake of erucic acid in ths riiet there is no hazard to health. Deaths Yesterday By THE CANADIAN PRESS Kuriyama, 40, Hawaii state senator; killed by an assassin's bullet. Slocomb, 76, former president of the Cana- dian Football League. St. Johns Her- der, 66, former publisher of The Telegram of St. John's and The Western Star in Corner Brook. Nfld. Report Paints Neiv Image Of Trudeau NEW YORK (CP) Newsweek carries a picture of Prime Minister Trudeau on its front page this week and Was a lengthy report on the Quebec crisis. One part of the report is devoted to an analysis of Trudeau's image to the out- side world. It says his dillet- tante image has disap- peared as a result of his proclaiming the War Mea- sures Act in connection with the terrorist kidnappings in Quebec and says he now is likely to be judged by the same standards applied to other holders of high office. "And for Pierre Elliott Trudeau, that will be an en- tirely new the magazine says. Rudy L. Turcotte of New runswick won 128 races while iding as an apprentice jockey. Sub-Contractor INSTALLERS Required by Simpsons-Sears For DOORS and WINDOWS DRAPERIES and RODS ROOFING ALUMINUM SIDING EAVESTROUGHING Contact MR. N. KLASSON 328-9231 PRE-CHRISTMAS SPECIAL! YARDAGE BEAUTIFUL COLORS! SEVERAL PATTERNS! 4 DAYS PER YARD WEDNESDAY, THURSDAY, FRIDAY and SATURDAY!