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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 14, 1970, Lethbridge, Alberta Monday, SepUmb.r 14, 1970 THE IETHBRIDGJ HRAID 13 Market Dips In Early Trade TORONTO (CP) The To- ronto stock market was frac tionally lower in light mid morning trading today. On index, industrials wen down .03 to 162.14, base metals .27 to 96.52 and western oils .1: Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Heavy hedge offerings into Vancouver rapeseed brought all futures down 5 to 9 cents as buyers were scarce at the close of the Winnipeg Grain Exchange to- day. Trading was b'ght in flax with prices on an easy pattern Barley showed some buoy- ancy on the renewal of exporl buying. Oats was steady to fractionally lower on light buy- ing by domestic shippers for eastern feeders. There was local commission house buying in rye, with some inter-month sprearlings in the October future. "Export loadings of Canadian wheat Friday included bushels to India, to Japan, to Peru, to Taiwan, to the United Arab Hepublic to Rus- sia, to the United King- dom. Prices for class two wheat for export to countries outside IGA: 1 Nor l.lSVt; 2 3 1.58y4; 1 Durum 3 4 4 2 IGA prices: 1 Nor 2 3 1 Durum 3 4 High Low Close Flax Oct 280% Nov 2G6VI Dec 257 May 266% 277% 2C5 265'A 205 25614 265% Rape seed Vancouver NOV-- 248% 244% Jan 243 238% 242% Mar 242'A 238V4 240% May 236% 240 Rapeseed Thunder Bay Oct 247 Dec 231 Apr 239 236 236 Oats Oct 93% 93% 93% Dec 91% 92% May 93 92V4 93 Jly 82% Barley Oct 127% 126 127% Dec 125% 123% May 129% 129% Jly 128% Rye Oct 112% 111% 111% Dec 112% 111% 111% May 117 116% Jly 118% CROW SHORTS POWER SEATTLE (AP) Breakfast was late in hundreds of subur- ban Seattle homes Sunday be- cause of a crow's navigation. The bird flew into a volt line, knocking it into another line causing a short which cut power to a three-square-mile area. to 178.58. 166.66. Golds rose .96 to Volume by 11 a.m. was shares, down from at the same time Friday. Losses outnumbered gains 96 to 84 with 141 issues unchanged. Among declining issues, Slater Steel was down to Labatts to Impe- rial Oil to Home A to IOS Ltd. 30 cents to Bankeno 20 cents to and Asamera to Chrysler rose 1% to 1'ai- ser Resources to Dylex Diversified to and United Bata Resources 10 cents to MIXED MONTREAL (CP) The Montreal stock market was mixed in light early trading today with industrials and pa- pers fractionally higher. Consolidated-Bathurst, which announced an increase today of a ton in the price of its newsprint effective Jan. was up to Bell Canada slipped to Bank of Nova Scotia to Imperial Oil to and IOS Ltd. 30 cents to Brascan gained to while Bank of Montreal was steady at Ivaco at Velcro In- dustries at Texaco Can- ada at and TransCanada PipeLine at On index, industrials were up .05 to 164.29 and papers .60 to 88.85. Utilities were down .48 to 135.32, banks .75 to 178.13 and the composite .14 to 160.61. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 a.m. compared with at the same time Frida UNCERTAINTY NEW YORK (AP) Investo uncertainty placed a continuin drag on the stock market a prices fell Monday in moderal trading. At noon the Dow Jones ave age of 30 industrial stocks wa off 6.02 points to 755.82. Declining issues led "gainer by almost 2 to 1. Analysts said the market's aressure on Mr. rwin said. While there are some indica- ions of improvement in general msmess conditions, the outlook or the immediate future is un- certain, he said. WET LIFE The sea otter spends 'hole life in water. his MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roedhouse and McCuaig) LAST BID OR SALE e.m. Quotes) WESTERN OILS A.m. Quotes) Almlnex Assmera Banff BP.. Oil Can South Cdn Ex Gas Cdn Grldoll Cdn Homestd 5.33 17.00 12.00 4.85 SM 9.00 9.00 12.50 7.00 10.00 1.20 12.00 Cdn Ind Gas oil 10.25 Cdn Long Is Cdn Super Cen Del Rio Cnleftan Dome Dynamic Pete French Pete Gt Plains Mill Clfy New Cont North Cdn Oil Numac Permo...... Petrol....... Pinnacle Place Gas Ranger Scurry Rain Spooner West Decalta .74 35.00 12.00 6.25 1.41 25.50 1.92 1.11 7.00 7.50 .92 1.42 .92 1.22 11.00 22.00 1.90 6.10 MISCELLANEOUS INDUSTRIALS Atco Ind...... 11.00 Aquatalno..... 33.50 Brit Nfld 4.70 Cdn Brew A Pfd 30.00 Cdn Hydro Car 15.25 Cdn Pec Inv Pfd 23.00 CPR Pfd 9.50 Crows Nest In 50.00 Cygnus A...... -5.25 Cygnus B..... 6.00 Gt Cdn Oil S 4.30 Gr Cdn Oil 6-75. 100.00 Home A...... 18.75 Home Pltfld 2.20 Hud Bay Co 15.00 Hud Bay Oil 41.25 Hud Bay Oil Pfd 57.00 Hugh Russ 20.00 Husky Oil 12.50 Husky Oil 6.00 Infer Prov Plpa Inter Steel Pipe Jefferson Lake. Joutcl Kaiser Res. Kam Kotla Mentor....... Newconex Pacific Peta Rank Qrg Selk Hold..... Shell Inv Shell Inv Pfd Sicks Rainier West Cdn Seed White Yukon CALGARY Acroll Ana Pete...... Barons Oil North Cont Plains Pete West Warner Madison Qulnalfa Rexdalo PIPELINE STOCKS Alta Gas Tr L A 4S.50 Alfa Gas Tr L P 70.00 Alta Gas (Nat) Inland Nat Gas N and C 13.CO N and C B Pfd 28.121ft Pacific Gas Tr 12.50 Gas Metro 4.30 Tr Cdn 29.50 Tr Ciin P Pfd 39.50 Tr Cdn Pipe P A Tr Cdn P War 9.00 Westcoast Tr 19.50 Western Pacific 4.80 MUTUAL FUNDS AGF Special 2.13 All Cdn Com 6.45 7.05 All Cdn Divld 7.46 8.15 All Cdn Ver.t 3.23 3.53 Amr Gr F 4.32 4.74 Cdn Invest F 4.17 4.58 Col Mutual 5.25" 5.77 Cmnw Inter 11.18 12.25 Cmnw Lev 2.85 3.12 a.m. Quotes) Corp Invest 4.98 5.- Corp Invest 5 F 4.48 4.9 Dreyfus F U.S. 10.39 11.3 .53 6.20 27.50 14.37'A 10.75 30.00 28.75 4.00 2.65 17.00 1.00 .07 .06 ,02'A .31 .44 .26 .06 .14 In Shares Invest Gr Invest Mutual Mutual Ac F Mutual Gr F Nat Res N W Fin N W Gr Principal Gr Royfund United Ac Universal Sav VANCOUVER Anuk Arctic Mining Atlas Explor Beth Copper Borntte Rldgi Block Bros Brenda B.C. Sugar Capt Inter Churchill Copper 2.90 Crestbrook For Ind 6.25 Croyden.........24 Doly Varden.....52 Dynasty 7.00 Endako 13.75 2.91 9.58 10.4 4.81 5.7 7.65 5. 3.96 4.3 6.79 7, 3.57 3.8 4.19 4. 4.1 4.83 4.! 4.20 4.i 6.52 7. .24 .95 15.50 .16 ?.80 11.00 15.00 4.05 Reliance Giant Mascot Graniste Key Indust Hy's Interior Brew Jericho Kamloops Copper Lornex Lytfon Minerals Madrona New Crontn New Imp Mines Primer Silver Standard T C Explor Texmont Trojan...... Western Mines Westcoast Res Western Explor Utica .54 2.95 13.37 .31 3.00 4.25 .09 2.05 .15 1.60 .45 .50 .63 4.05 .13 .29 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) INDUSTRIALS Abitibl Alcan AlgomaS teel Aloe Ind Allan Sugar Dell Tel Brazil Trac 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 SS Cdn Marconi Cdn V'ckers Chrysler CPR........ Cominco Cons Bath Cons Gas Dist Sea Dom Bridge Domlar Dom Textile Dom Stores Dome Pete Fani Fd of Amer Gt Cdn OH Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Inf Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Moore Corp Molsons A Molsons B North, Cent 0.75 43.00 15.00 60.75 7.62% Pembina Pp 22.25 Power Corp 13.37% Prfce Co 11.00 Rothmans st Law Corp Shell CDA Simpson's Simp Sears fl.62% Steel of Can 24.25 Selkirk A 14.75 Texaco..... 4.55 Traders Gp A 7.75 Trans Mtn Pp 475 TransCan Pp 5.87% Union Gas 25.00 Union Oil 1.05 Versatile Mfg 1025 Westeel 10.12% Union Car 23 75 Weston'sB 3'25 Woodward's A 5.12% West Cdn So 2435 2enith Elec 59.12% BANKS 2i 25 Can Imperial 10.75 Montreal 1700 NQVa Scotia 46.25 Royal....... 13'SO MINES 1U7% Advocate Asb. 63.00 Akaitctio 9.75 Area Mines 49.50 Belcher Iron 4.25 Black Bay 70.12% Bralorne..... 18.75 Braulan Bethlehem 2.15 Brunswick 15.50 Canada Tung. 40.75 Cassiar 17.87% Central Pat. 14.50 Chimo....... 40.62% Conwest 24.75 Cons: Rambler Coin Lake Cochenour Craigmont Dickenson Mlna 5.62% Denison Mines 5.50 Deer Horn 6.25 D'Eldona..... 26.50 Dome Mines 10.37% Donalda..... 25.25 Discovery Mino 32.00 East Malartic 14.25 East Sullivan Fakonbridge 13.00 22.00 Frobex First Marltlmes Giant Y.K..... Gunnar iranduc..... Headway R.L; 20.62% 22.37% Hud. Bay M-S 10.62% Hydra Ex. 24.00 Highland Beel 10.00 17.75 29.25 14.25 35.25 3.30 7.00 28.00 14.50 4.75 Iron Bay. Iso Jollet Quebec. Kerr Addison Key Anacon Labrador 9.62% Lake Shore 13.25 Leitch 22.00 Langis Silver 16.62% Macassa 2.75 Madsen R.L. 1.55 Malartic G.F. Martin McNeely 20.62% Maybrun 15.25 Maclntyre 19.12% Meta 22.75 Midrirn Intern Mogul New Athona New Calumet New Imperial Noranda Northgate .41 Opemiska .07% Osisko 1.65 Patlno .23% Pine Point 15.50 Placer Dev. P.C. Exp. Quebec Man Rayrock Radiora Rio Algom Roman Corp. Silverfrelds Sherritt Gordon Silver Miller 10.62% Steep Rock 1.45 Siscoe 22.00 Tek Corp. .08 Texmont 1.12 Upper Canada 60.'5 Western Mines .24% Wright Har. l..j Willroy 1.20 Windfall 5.45 Yellowknlfe Br, 132.00 Zenmac .03 2.10 .50 1.95 4.60 2.20 21.00 2.65 1.21 11.50 .86 .15 .55 .26 1.06 8.25 1.24 E.40 12.50 33.50 20.50 .20 2.83 3.25 2.10 .241 10.07! .32 32.00 3.40 1.50 .07' 1.25 155.00 .13 .32 9.75 .17 .27 2.05 27.50 10.25 12.25 .29 33.50 32.50 33.00 .90 .25 1.35 .33 16.75 6.00 2.05 .07 2.90 2.26 6.30 .50 1.75 4.05 1.40 1.48 .14 5.85 .11 NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T 47.50 Anaconda Bth Steel 22.50 Chrysler Comsat Duponf General Motors Gulf Int Harvester Ken Copper 24.25 42.62V3 121.50 27.75 24.12% Montgomery Ward 25.75 Sears 65.25 Std Oil of NJ. 64.50 Texas Gulf 118.25 Texas Co 30.50 Wolworth 34.00 Westinghouse Elec 65.25 20 Golds Ifij.ffl up 10 Base Met 96.56 off .23 15 W Oils 178.02 Off .67 Volume NEW YORK AVERAGE 30 'Indust 762.39 up .55 20 Rails 139.61 Off .21 __ ______ ______ _ ._ U.S. Steel 31.37V5 15 Utilities 108.90 up .20 TORONTO AVERAGES 65 Stocks 240.57 up .09 20 Indust 162.41 up .24 Volume Additional Landing Strips For -Aircraft Suggested EDMONTON (CP) Erne Jency landing strips every miles across the north won' save millions of dollars a yea and help develop the country ack Hoar of Edmonton, sai today. "We continue to be appalls at the number of lives that ar ost each year and the terrifi cost of the search and rescu operations Mr. Moar tol meeting- of the Canadian Business Aircraft Association. He is chairman of the Alter ta Division of the Communit; 'lanning Association of Can da and a former bush pilot. "We believe that emergency anding strips, complete with a abin and emergency supplies ould and should be built a easonable intervals and a easonabl.e cost across north rn Canada. "A hundred of these airstrips an be. built for what is spen very year for search and res- The association also was toH y its president, W. F. Poag oi that the recognized MANAGEMENT OPPORTUNITY FOR CHARTERED LIFE UNDERWRITER A major Life Insurance Company has an opening for a Manager to expand and develop its organiza- tion in Edmonton. This position is open to Chartered Life Underwriters not necessarily experienced in man- agement but who have shown some ability in sub management. This is an excellent opportunity for the man who wants to make) a change or who to further his career in management. Write giving full particulars about yourself to: Box 69, The Lethbridge Herald voice of aviation is having problems getting enough mem hers to support programs. The money squeeze, affecting all businesses, is the reason, he said. New Pact Signed For Sawmill WINNIPEG (CP) A new agreement which will mean a resumption of work on an un- finished million sawmill at The Pas was signed during the weekend. Construction at the northern plant, part of a million integrated forest industry, had been halted June 2 in a dis- pute involving the Manitoba government and River Saw- mills Ltd. Premier Ed Schreyer said River Sawmills has agreed to resume construction immedi- ately under an agreement set- ing out more satisfactory pro- cedures for the disbursal of the jalance of a Manitoba Devel- opment Corporation loan to the company. Construction had been sus- xmdcd because of .what liver Sawmills called a fail- ire by the development fund to ulfill obligations to provide it vith million in addition to 8 million already received. The premier said the prov- nce was setting up the trust und to handle the loans be- ause the old agreement did iot provide adequate account- ng safeguards. Thant Calls For Summit Talks On Mideast Crisis UNITED NATIONS (Reuters) United Nations Secretary- General U Thant called Monday for summit talks on the Middle East crisis when the UN Gen- eral Assembly opens net month. Predicting that the largest gathering of world leaders in history will attend the assem- bly, be said this will be "a unique opportunity for fruitful contacts and discussions at the highest level." World leaders will be in New York to commemorate the 23th anniversary Oct. 24 of the ratifi- cation of the UN charter. Livestock Calgary livestock CALGARY (CP) Receipts to 11 a.m., about 275 head; mostly slaughter cattle of mix- ed quality. Trade was active. Slaughter steers and hiefers sold steady with last week's close, quality and condition :onsidered. Cows were steady and bulls higher. Choice steers 28.25 to 28.80, good 27 to 28, medium 26 to 27. Choice heifers 25.50 to 26.30, good 24.50 to 25.25, medium 23.25 to 24.25. Good cows 21.25 to 22, medium 20 to 21. Canners and cutters 18 to 1.75. Good bulls 25.50 to 27.10. Replacement cattle were mostly heavy fleshy steers and heifers selling at steady prices. Good feeder steers 750 Ibs. and up 28 to 30.40, lightwieghts to 32.75, good feeder heifers 650 Ibs. up, 25.50 to 27, good stock steer calves 39 to 42. There were insufficient stock heifer calves or stock slaughter Reject Offer VANCOUVER (CP) About striking Pulp and Paper Workers of Canada members have voted to reject a three- year, 22te-per-cent wage boost accepted this week by two oth- er pulp unions with men- bers in British Columbia. Union president Fred Muffin, Sunday announced results of voting and said the result was 66.9 per cent to reject the offer from B.C. pulp mill employers. calves to establish a market. Hogs base price 26.05 to 26.50. Perlich Livestock There were 944 head of live- stock sold this week at Perlich Bros. Auction.Market Ltd. Receipts included 332 cattle and 602 hogs. The cattle mar- ket continues strong with fat cattle trading 25 to 50 cents stronger this week. Stacker and feeder cattle met a good de- mand from local feeder and or- der buyers. Price quotations were as follows: SLAUGHTERS Choice steers 28.50 to 29; good 28 to 28.50. Choice heifers 25.25 to 25.60; good 24.50 to 25; good cows 21 to 22.40 with sales to 23.30 on heifferetts; medium cows 20 to 21; canners and cutters 16.50 to 19. Bulls: 22.85 to 24. REPLACEMENTS Grass steers 600 to 750 Ibs. 33.50 to 36; grain fed short keep steers 29 to 31; good quality yearling grass heifers 600 to 725 Ibs. 28.50 to 31; there were no shortkeep grain fed heifers on offer. Steer calves 200 to 350 Ibs. 47 to 50; steer calves 375 to 450 Ibs. 40 to 47 depending on the quality. Heifer calves 200 to 300 Ibs. 39 to 47; heifer calves 350 to 450 Ibs. 34 to 37. HOGS, DAIRY Weaner hogs 11 to 15.25; light weaners 8 to 10; light feeders to 100 Ibs. 16.25 to 28; feeders 100 to 175 Ibs. 25 to 34.25. Bred gilts and sows 55 to 80; light plain quality gilts 40 to 55. Baby calves 40 to 63. Thant proposed talks on spe- cific crisis areas, such as ths Middle East, in his annual re- port to the assembly. Calling the breakdown of ths peace talks, begun last month under the auspices of UN envoy Gunnar V. Jarring "alarming and Thant said every possible effort must made to bring about their re- sumption. "We must, I feel, persevere In this effort, because I ani con- vinced that this is probably the one chance of a breakthrough to peace in the Middle Thant said. "Only when the talks get under way and the parties begin to deal with substance will it be- come clear whether they are prepared, in the interests of peace, to accept those con> promises, and even to take what they believe to be those risks to their vital interests, which are the inescapable price for a peaceful settlement. Hog Prices EDMONTON (CP) Hog prices to 11 a.m. provided by the Alberta Hog Producers' Marketing Board; Edmonton: Quoted 26 to 26.15, selling 26.05. Average Fri- day 26.66. Red Deer: Quoted 28 to 26.05, selling 26. Average Fri- day 26.63. Calgary: Quoted 26.05 to 26.50, selling 26.50. Average Friday 2B.14. Lethbridge: Quoted 26.10. Av- erage Friday 25.75. Lloydminster: No sales. Sows average 16.91. Hogs sold to 11 a.m. Sold Fri- day Provincial average 26.57. The LARGEST ASSORTMENT of imported styles in LETHBRIDGE I TIME! CREATE BEAUTIFUL ROOM DIVIDERS AND IMAGINATIVE SHELVING UNITS SPINDLE-FLEX SYSTEM 'Twist Together" Components achieve a whols new world of interior beauty. No Glueing! Simply screw the 15" Spindle Sections together to reach the desired height. FEWER PANEL! FIT MORE OPENINGS WITH CANNON CRAFT SHUTTERS. TM UB trim u mudi u 4 toeta k totfh IIK! I Inch IB wHih. BEAUTIFY YOUR HOME WITH SHUTTERS of Distinction BY CANNON CRAFT The finest made shutters are HOT available to you at s tremendous saving. Cannon Craft Shuttcn not only enhance the decor of any room, but will last a house-time, .fror odd sized optmngs you can mix panels of different new odjustable hanging ttrip then trim to fit, yflu jn The new adjustable hanging strip L L L allows you to install shuttcn in utet lnan nours. minutes rather than hours. CRESTLINE BUILDERS MARKET LTD. "LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St. N. Phone 327-5444 or 327-5110 ;