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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 17, 1970, Lethbridge, Alberta Stronger Trend Evident Today TORONTO (CP) The To ronto stock market moved fra tionaUy upward in light mi( morning .trading today, inter rupting two consecutive losin sessions. On index, industrials rose .4 to 162.42, base metals .28 t 95.91 and western oils 1.87 178.34. Volume by 11 a.m. was shares, compared with at the same time Wednesday. Gains outnumbered losses 12 to 'a with 168 issues unchangec Eleven of the exchange's 1 sub-indexes posted advances. Occidental Pete was up t Jefferson Lake to Home A to Noranda to Bow Valley V4 to 16% International Utilities to Federal Grain to Asamera to Phillips Cables dropped to Shell Vs to Inco Va to and Rio Algom Va to LIGHT TRADING MONTREAL (CP) Encour aged by a continuing rally on New York markets, the Mont real stock market advanced across the board in early trad ing today. Utilities led the ad vance in extremely light trad ing. Bell Canada gained to 43% and International Utilities to while Quebec Telephone declined 1 to B.C. Tele- phone was steady at ?62. Credit Foncier jumped to on a 55-share trade, and Former Alberta Resident Dies WICHITA, Kan. (CP-AP) fcobel Noble, 97, the first woman member of the Univer- sity of Alberta's board of re- gents, has died here. Miss Noble, a native of Illi- nois and a graduate of Illinois State University in 1896, settled1 briefly in Kansas before joining her brother, Tom Noble, on an Alberta ranch in 1908. During her 22 years in Can- ada, she not only became the first of her sex to serve as a University of Alberta regent, but also organized the Women's Farm Institute, an international club of farm women. She served eight years as the institute's president. Miss Noble returned to Kan- sas in the 1930s where she made her home. However she contin- ued to travel and lecture around the world. SELKIRK HOLDINGS LIMITED DIVIDEND NOTICE NOTICE IS HEREBY GIVEN Ihot a quarterly dividend of seven and one-half cents per share has been declared on the outstanding Class A non- voting shares without nominal or par value in the Capital Stock of the Company payable on September 30, 1970 to shareholders of record at the close of business on Septem- ber 16, 1970. By Order of the Board r. T. W. NASH Secretary Toronto, Ontario. S.pl.mb.r 4, 1970 CPR climbed to Can- ada Cement slipped to Senior mines and oils were stronger with Home Oil A up to and Home Oil B up to Noranda rose to and1 Husky Oil to Petrofina Canada eased to On index, industrials were up .11 to 164.08, utilities 1.29 to 136.85, banks .36 to 176.65, the composite .37 to 160.63 and pa- pers .51 to 88.30. Combined volume at 11 a.m. on the Montreal and Canadian Stock Exchanges was shares compared with at the same tune Wednesday. RETAIN GAINS NEW YORK (AP) Stock market prices paused in mid- session today, but retained most of their early rally gains in moderate trading. At noon, the Dow Jones aver- age of 30 industrial stocks held steady at 760.41, up 6.10 points from Wednesday's close. Ear- ier it had been up about 6% points. Advances led declines by a 4-to-l margin on the New York Stock Exchange. Analysts said improved inyes- or psychology and technical provided the chief impe- us for the rally. At noon, The Associated Press 60-stock average was up 1.8 at 253.1. All stock categories were up except for airlines, which were mixed. NYSE prices included Telex, up IVt at National Cash Register, off IVs at Litton ndustries, up at and University Computing, up Va at Prices on the American Stock xchange included Equity i'unding, up at and Asamera Oil, up at Among C a n a d i a n s on the VYSE Canadian Pacific gained to Walker Gooderham vas up to and Interna- ional Nickel and Massey-Fer- gtison were up Vi each to and respectively. Dome Mines fell to and Hudson Bay Mining was off Vt at On tfe Amex, Scurry Rainbow Oil gained1 to while Ca- adian Javelin rose 'A to Grain Market Winnipeg Grain Price WINNIPEG (CP) All com modities were on an easie price pattern on light tradin on the Winnipeg Grain Ex change today. Rapeseed, barley and rye had posted early gains slipped1 back below previou close levels. There was continued buyin in Vancouver rapeseed by ex- porters and domestic crusher and offers were light. Thundei Bay rapeseed did not open un til late in the session. Rye ant barley had some exporter de mand. Flax and oats were nomina with local and commissioi house trade. Export loadings of Canadian wheat Wednesday includec bushels to the Kingdom, to United Japan to Germany and to The Netherlands. Volume of trade Wednesda included bushels of flax of rapeseed and 225, 000 of rye. Prices for class two whea for export to countries outsid IGA: 1 Nor 2 3 1.68; 4 1 Durum 1.76% .2 3 1.64; 4 IGA prices: 1 Nor 2 1.73% 3 1.68; 4 1 Durum 2 3 1.64; 4 High Flax Oct 273% Low Close 272% Nov Dec 253% 253% May 262% 261% Rapeseed Vancouver Nov 247% 242 Jan 244% 239% Mar 241% 236% May 240% 236 236 Rapeseed Thunder Bay 273% 262% 253% 261% 242% 239% Oct Dec Apr Oats Oct Dec May S4% 93 92% Jly Barley Oct Dec May Jly Rye Oct Dec May 129% 126% 130% 112% 112% 118 126% 123% 126% 110 109% 115% Jly 248% 231 235% 93 91 91% 92% 123% 127% 128% 110 109'4 115% 118% and Jupiter Corp. was up at Hog Prices EDMONTON (CP) Prices o 11 a.m. supplied by 'the Al- Derta Hog Producers Market- ing Board: Edmonton: Quoted 26.35 to 26.55, selling 26.55. Wednesday verage 26.04. Red Deer: Quoted 26.40, elling 26.40. Wednesday aver- age 26.13. Calgary: Quoted 26.35 to 6.50, selling 26.35. Wednesday verage 25.56. Lethbridge: No sales Wed- lesday or today. Lloydminster: No sales. Wed- esday average 25.75. Total hogs sold to 11 a.m. 337. otal sold Wednesday rovincial average 26.02. Sows t all points 16.16. COSTLY BULB At the height of the "tulip craze" rare bulbs sold for up to apiece. COMPUTER ACCOUNTING AND MANAGEMENT LTD. Data Processing Services 507 CANADA TRUST BLDG. TEtEPHONE 328-7883 SALES APPOINTMENT! Mt. Lyndon Foster, General Sales Manager, i> pleased to announce the appointment of Mr. Dave Boyden to their Soles Staff. Dave has gained valuable automotive- experience having spent 6 years as a parts representative cover- southern Afberla and south- eastern B.C. He is a married man with 2 boys. Dave wishes to wcl- come his many friends and form- er customers to him at Dunlop Ford Sales ltd. for their motoring need. MR. DAVI BOYDEN 1718 3RD AVENUE S. PHONE 378-5526 Government Offers Bonds OTTAWA govern- ment today offered investors new short, medium, and long- term bonds yielding interest of up to 7.64 per cent a year when held to maturity. The finance department of- fered million of.the new bonds to redeem million worth of bonds maturing on Oct. 1 and to raise some additional money. The new issues include: term bonds maturing in one year and six months, bearing interest at 6.5 per cent and offered at 99.85 per cent of face value, yielding about 6.61 per cent when held to maturity. term bonds matu- ring on two years and nine months, bearing interest a 6.75 per cent, offered at face value and yielding 6.75 per cent when held to maturity. I bonds maturing in five years and Vk months, bearing interest at 7.25 per cent and offered at face value. These will be exchangeable at the op- tion of the holder into 10-year eighl-per-cent bonds to be is- sued on Dec. 15, 1975, yielding investors about 7.64 per cent a year for thte full 15-year month term. The total amount to be issued will be million, plus or minus 10 per cent. The amount of each of the three issues will be determined when allotments are established after order books are closed, probably on Wednesday. The Bank of Canada will take at least million of the new MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Dohcrty, Roadliouse and McCuaig) LAST BID OK SALE a.m. Quotes) a.m. Quores) Ol.-OO a.m. Quotes) WESTERN OILS 5.30 17.00 11.75 Alminex Asamera Banff BP OH Gas Can South Cdn Ex Cos Cdn Grldoll Cdn Honicstd Cdn Ind Gas Cdn Long is Cdn Super cent Del Charter Chleftan Dome Pele Dynamic Pete French Pele Gt Plains Mill City New Cor.t North Cdn Oil Numac Pertno Petrol Pinnacle Place Gas Ranger Scurry Rain Spconer West Decalta MISCELLANEOUS INDUSTRIALS Atco Ind 11.00 Aquatajne 23.25 Nfld d.75 Cdb Brew A 29.50 Cdn Brew B 35.DO Cdn Hydro Car 15.00 Cdn Pac Inv Pfd 23.00 CPR Pfd Nest In Cygnus A 4.15 8.70 8.70 10.50 ,7d 35.00 1.49 6.95 26.25 2.00 1.05 6.55 7.75 92 1.45 l.oo 1.25 12.50 22.00 1.97 6.20 Husky Oil Corp Invest ..O25.38 Husky B Pfd 37.25 Corp InV FD 4.47 4M Husky Oil War. 6.40 Drey Fd 10.30 11.29 Inter Prov Pipe 12.50 Grow Eqy 5.546.08 Intl Utll Pfd qy Shores 30.50 Group Shores 2.89 3.18 11.50 1.70 7.95 52 6.20 28.00 14.00 i on iri7 Cygnus B Cygnus Gt Cdn Oil S t Cdn Oil 6-75. 100.00 Home A 20.25 Home B 20.75 Home Piffld 2.25 Hud Bay Co 15.00 Hud Bay Oil 40.00 Hud Bay Oil Pfd 56.00 Hugh Russ 20.00 inter S'eel Pipe joutol Kaiser Res Kam Kolia L Ont Port Cem Mentor....... ____ Newconex Pacific Pele 6.25 Rank Org 8.25 Shell Inv 60.00 Shell Inv Pfd Shell Inv Wts... Sicks Rainier West Cdn Seed. White Yuk CALGARY Acroll......... Ana Pete Barons Ol! North Cent Plains Pete West Warner .-14 Madison.......27 Quinalla.......W Rexdale.......10 PIPELINES Alia Gas Tr L A 46.50 Alts Gas (Nat) 21.00 Cdn West Nat Gas 14.50 Inland Nat Gas 15. North Cent 73.50 Inter Brew North Cent B 27.8716 Jericho Pacific Gas Trans u.OO Kamloops Cop Gaz Metro 4.80 Lornex Trans Can P 30.00 Lytodn Mln 8.50 Trans Can Pipe .40.00 Madrona 49.00 Tr Cdn Pipe 57.50 New Cronln 5.25 Trans Cdn Plpa ?JO New Imp Mines Invest Grow 9.5fi 10.45 1.18 Invest MUt 4.80 5.25 Milt ACC Fd 4.62 5.08 Mut Grow 3.91 4.30 Nat Res 6.63 7.25 N. W. Fin 3.51 3.36 N. W. Grow 4.47 4.S1 Prlnc Grow 3.61 3.97 Royfund 4.81 4.96 29.87'A Univer Savings 6.54 7.15 VANCOUVER '2 Anuk ............24 Atlas Explorations .22 Beth Copper .90 "'uu Bornlle Ridge Block Bros 2.90 Brenda 11.CD B.C. Sugar 15.25 mv CflP interriatl 3.90 crestbrook For Ind 6.00 Churchill Cop Croyden Doly Varden Dynasty Endako Giant Mas Garnisle Key Indust Westcst Trans 4.30 Western Pac A.G.F. Sp 2.10 All Cdn Com 6.A2 7.02 All Cdn Divid 7.42 8.11 All Cdn Ven 3.21 3.51 American G 4.304.72 Cdn Invest Fd 4.16 A.56 Colectlve Mut 5.76 Comwlth Int 11.14 12.21 79.25 Primer S.OOVa Pyramid Silver Standard T. C. Explor Texmont Trojan West Mines Wescoast RCE Western Explor Utlca 53 7.00 13.75 .50 2.E5 32 3.00 4.45 0V .10 8.50 2.68 34 07' 1.98 76 60 3.95 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) INDUSTRIALS Molsons B Ahilibi Alcan..... Algima Steel Atco Ind Allan Sugar Bell Tel..... Brazil Trac B.C. Tel..... Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power 'n Credit CWN Gas Indust lanada S S Cdn Marconi Vickers Chrysler CPR........ Ions Bath Cons Gas Dist Sea..... 3om Bridge Domfar 3om Textils 3ome Pete i Play Fd ot Amer Cdn Oil _-en Motors Gt Lakes Pap Sulf Oil Cda lawker Sid Juron, Erie Hiram Walk iperial Oil iperial TOD nt Nickel nt Pipe nv Gp A nt Utilities ndust Accept .aurentide 9.50' Willroy...... .23W Windfall..... 1.30 Yeliowknife Br. 1.20 Zenma'c 19.25 22.75 19.25 2.10 49 1.95 .42 4.65 2.13 21.25 2.60 1.21 11.75 .86 IB 65 10.50 1.50 22.50 5.30 133.50 .26 1.01 8.25 1.40 8.00 12.00 34.00 20.37'A .20 3.00 2'.03 10.50 .34 32.00 3.25 1.45 .OB 1.28 .85 .70 -2BV4 150.00 .IB .33 9.60 .17 .27 1.98 28.25 10.00 12.50 .29 33.00 32.00 33.00 .82 .25 1.35 .32% 16.00 6.10 2.10 18.00 .07 2.B5 2.10 6.30 .48 1.75 3.90 1.42 1.45 .12'A 5.85 .11 NEW YORK STOCKS mr T T c mer Smelter! naconda onsat uoont 5en Motors ,n muiu.j, nt Harvester Supplied by Richardson. Securities of Canada Ot.tVh W Golds.. 163.M Up 1.07 Base Metals 96.35 up 7! 6S.1214 15 West Oils 178.48 up 2.01 65.25 Volume 45.2S Kenn Copp K 9! Montgomery Wd. sears 21.37'A std OH of N.J. S Crown Zellerbacfl '122.25 Westinghouse Else 20 Rails 39J up 71.50 U.S. Steel 31.75 15 Utilities 107.94 otf .12 27js TORONTO AVERAGES 65 Stocks 239.69 up 1.75 23.62'A 20 Indust 163.04 up 1.07 Volume 10, NBW YORK AVERAGES 30 Indust 760.54 up YOUNG AUTHORS CONTEST TORONTO (CP) Canada Permanent Trust is sponsoring a writing contest for Canadian high school students with a totai of in prizes. Students are invited to submit stories in French or English by Nov. 20. Details are available from Can- ada Permanent Trust offices. Ford Hikes Car Prices DETROIT (AP) Ford Mo- tor Co. announced here an av- erage price increase in the manufacturer's suggested re- tail price of its 1971-model automobiles. On most cars where prices were raised, the increase amounted to five per cent. Ford cut the Mustang Mach I by 1.5 per cent and raised the Torinto GT by one per cent and the Torina Cobra by 0.8 per cent, making the average increase for all lines 4.6 per :ent. Ford raised prices an aver- .ige last year, bringing the two-year increase to an average WINE UP The California Wine Institute reported that California wine shipments in 1969 reached a rec- ord 172.4 million gallons. ALL CLASSES INSURANCE AUTO HOME BUSINESS FARM PHARMACIST REQUIRED FOR RETAIL DRUG STORE In IETHBRIDGE Good solory, fringe benefits, Including Pension plan and insurance. Reply, with resume of experience, to Box 78, Lethbridge Herald The Wake Forest tennis team completed its season with a 13-5 record. Thursday, Seplembor 17, 1970 THE IETHBRIDGE HERAtD 23 Co-operation Is Key In Pollution Battle CALGARY (CP) Co-opera lion between federal and pro- vincial authorities is tool in combatting tho ke: pollution and is also a necessary one be cause of the division of power between the two levels, MP Pa Mahoney (LIB Calgary South) said recently. The Canada Water Act, in volving the- provinces and Ot tawa is an example of the kind of co-operation which is need ed, he told a public forum sponsored by the Society foi Pollution and Environmenta Control. The water act "recognizes that planning, development ant management of the resource requires co-operation across many established jurisdictiona: LIVESTOCK Lefhbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 200 cattle and calves. Receipts about evenly di- rided between slaughter and cattle. Trade slow. Good and choice butcher steers meeting an indifferent demand 25 cents or more low- r with the bulk of the sales 5 down. Medium grades t e a d y. Good and choice utcher heifers about steady. Ul classes of cows under pres- sure prices 50 cents or more o w e r. Replacement cattle meeting fair demand prices enerally steady. Choice steers 27.75 to 28.20; ood 27.50 to 27.75; medium 26 0 27.50. Choice heifers 25.25 to 25.60; ood 24.50 to 25. Good cows 20.25 to 21; me- dium 19 to 20; canners and cut- ers 16 to 18.50. Good heavy feeder steers ver 750 Ibs. 28 to 30; medium to 27.50. Good stock steer calves 39 to There were no hogs offered or sale Wednesday. Calgary Livestock CALGARY (CP) Receipts 1 11 a.m., 750 head, mostly laughter cattle of mixed qual- y. Trade was moderately ac- ve on steers, active on heif- js and cows. Slaughter steers sold' about eady. Heavy and over-finish- steers were discounted around 50 cents. Heifers fully teady with sales to 26.80. Cows were mainly a medium nd canner quality with al rades selling fully steady, ulls steady. Choice steers 28 to 28.40, gooc to 28, medium 26 to 27 hoiee h'eifers 25.75 to 26.60, ood 24.50 to 25.50, medium .25 to 24.25. Good COWS 21.25 22, medium 20 to 21, canners nd cutters 18 to 19.75. Good ulls to 27. Replace nient cattle were carce and mostly heavy eshy steers selling at steady rices. Good feeder steers 750 s. and up 28 to 29.50. No ock or slaughter calves on fer. Hogs base price 26.35 to 26.50. lin.es. It is based firmly on the comprehensive approach to water management." Soil pollution control has been primarily a provincial re- sponsibility, he said, but air pollution is not mentioned in most government statutes. Historically it was regarded as a local problem wilh em- phasis on the nuisance of un- pleasant odors, not the more deadly effects of pollution. He said the federal govern- ment cannot and should not take over provincial responsi- bilities but there is clearly a need for co-operation and co- ordination among provinces and between federal and pro- vincial environmental activi- ties. "There is a leadership role Ihe federal government has to play." But should co-operation fail, "Ihe national government still intends the job be carried out within its broad area of re- sponsibility." SALES APPOINTMENT! MR. VERN HUNT Mr. Lyndon D. Foster, General Sales Manager, is pleased to announce the appointment of Mr. Vern Hunt to their Sales Staff. Vern has spent over 30 years in the automobile trade In both sales and service and is more than qualified to assist any- one in their motoring require- ments having achieved a Mos- ter Salesman Award in the past. Vern is married, has 2 children ond is a native of Lethbridge. He is looking forward to being of service to all of his previous customers. 1718 3RD AVENUE S., PHONE 328-5526 FOR SALE by OWNER Large executive 1330 sq. ft. Bungalow with 4 bed- rooms. Each floor fully developed, heated swimming pool, double garage. Will take smaller home in trade. Price Generous Terms 1050 18th STREET S., LETHBRIDGE Phone 328-6084 for appointment to view this lovely home 'Compensating Grant1 Demanded By B.C. Premier OTTAWA (CP) British Columbia's bid for a mil- lion annual federal grant re- ceived a cool reception at the federal provincial eoiu'erence that ended Wednesday. Prime Minister Trudeau told a p o s t-meeting news confer- ence that his government did not encourage Premier W. A. C. Bennett to think the money would be forthcoming soon. However, Mr. Bennett's de- mand for what he calls a "com- pensating grant" did rate a mention in the official com- issued by the prime minister and the 100 provincial premiers. It noted the B.C. claim that the province has "special needs" that should be rec- ognized by the annual grant. One such special need arose from heavy immigration into B.C., not only from other coun- tries, but from other Canadian provinces. The communique quoted Mr. Bennett as saying that his province welcomes such im- nigration, but it places a heavy financial and service load on the province. "He also stated that his prov- ince received relatively little assistance under the programs of the federal department of regional economic expansion, and received no equalization grant, or railway construction ind operating subsidies, or lydroelectric development sub- sidies or que said. the communi- A subsequent paragrah said the federal government would look at the B.C. unemployment situation as it seeks ways to alleviate unemployment Uiroughoirt the country. Mr. Bennett has complained earlier that the population movement towards B.C. had greatly increased the welfare burden. In any event, Ihe communi- que made no financial prom- ises to Mr. Bennett. It did offer "continued consultation" with B.C. about possible projects sponsored by the regional ex- pansion department. One paragraph of the com- munique presented the other side of the com about popula- tion flows inside Canada. It said. "Another provincial view was that other provinces susr tained special costs too when they lost young people after in- curring the costs of educating them, before they could add to the productivity of the eco- nomy of their home province." Dollar Value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds off 5-32 to Pound ster- ling off to NEW YORK (CP) Cana- dian dollar up 7-32 at 99 13-32 in terms of U.S. funds. Pound ster- ling down 7-32 at ?2.38 39-64. p d S rocessing and ystems 1003 4th Avenue S., Lethbridge Telephone 328-4426 SALES APPOINTMENT! Mr. Lyndon Foster, General Salss Manager, is pleased to announce the appointment of Mr. Marv Grey to their Sales Staff. Marv. has spent 18 years in the auto- mobile sales field. He achieved the Sales Leader Award in Cal- gary during employment with a new car dealership there. He has just returned from California after spending 5 years iherm. Marv is a married man with 2 children. Well known to many, having lived In southern Alberia for 35 years, he welcomes all his many friends and acquaint- ances to see him at Dunlop Ford for their every motoring need. 1718 3RD AVENUE S. PHONE 328-5526 TABER ROPING CLUB 3rd ANNUAL C.A.R.A. APPROVED INDOOR RODEO IN THE NEW MILtlON DOLIAR SPORTS COMPLEX FRI., SEPT. 18th at p.m. SAT., SEPT. 19th ot p.m. THE EVENTS SADDLE BRONC RIDING BAREBACK BRONC RIDING BULL RIDING STEER WRESTLING CALF ROPING LADIES' BARREL RACING JUNIOR BARREL RACING GREASY PIG RACE STOCK SUPPLIED BY McGOWAN S RODEOS LTD. ADMISSION: ADULTS S1.2S CHILDREN UNDER 12 RODEO DANCE SATURDAY EVENING IN THE COMPLEX ;