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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 29, 1970, Lethbridge, Alberta Market Lower In Light Trade TORONTO (CP) The To- ronto stock market moved lower in light mid-morning trading today as it entered its second consecutive declining session. IBM was down to CPU Vt to Algoma Steel Va. to United Bata 10 cents to and Aquitaine to Trans Mountain Oil Pipeline rose to Asamera to Pyramid five cents to 98 cents and Pacific Pete to More complete information was not available from the ex- change due to computer prob. lems. MONTREAL Montreal stock market was down in all sectors for the sec- ond straight day in light trading today. Industrials led the decline, slipping .86 to 166.75, banks .81 to 176.51 and utilities .23 to 139.16, pushing the composite index down .73 to 162.97. Papers lost .19 to 87.94. Canadian Breweries Ltd., off to announced earnings in the 12 months ending June 30 of or 41 cents a share, down from or 60 cents in the last fiscal year. Trans Mountain Oil Pipe Line Co., up Vz to plans a million program to build three new pump stations and add pumping units at six existing stations to increase peak capac- ity by about barrels to about barrels a day. An application has been made to the National Energy Board for an order authorizing the in- crease in capacity. Part of the additional capacity is expected by the end of the year, with the balance by next July. Among senior mines and oils, International Nickel lost to Noranda to Pe- trofina Canada Vi to and Rio Algom >A to while Dome Petroleum jumped to and Denison Alines to In other declines, Scott Paper fell to CPR to and Canada Cement Lafarge Ltd. to Canada Salt Co. Ltd. rose to Combined volume on the Montreal and Canadian Stock Exchanges was shares traded at ll a.m. compared with shares at the same time Monday. NEW YORK (AP) Stock prices continued their come- backs from losses incurred dur- ing early trading today. The early declines in active trading were attributed by analysts to news of Egyptian President Nasser's death. At noon, the Dow Jones aver- age of 30 industrials stood at 757.39, off 1.58 points. Earlier in the day, the Dow had been al- most 7 points lower. Among Canadian Issues, Alcan dropped Vs to Cana- dian Pacific was down at and Inco dropped to On the American exchange, Canadian Javelin was up Vs at and Canadian Marconi rose a like amount to Strikers Told To 'Keep The UWA Head Issues Appeal Ont. (CP) Tl head of the United Auto Work ers in Canada appealed to meni bers at General Motors of Can ada Ltd. plants Monday t "keep the faith" in a rally tha featured the UAW president. Tha Canadian executive, Den nis McDermott, later said h expects the Canadian Labo Congress to contribute benefit 'or strikers in the event of long strike. Leonard Woodcock, the UAW president who has made a ser cs of speeches to plant worker in the United States, was wel corned with an ovation and re- peated his statement that th union is ready for a long strike About UAW member rom GM bus oads from Toronto, St. Cathar nes, London and Windsor in On tario and Ste. Therese, were in the civic audi :orium here for the rally. Contracts with the BiL Chrysler and Fore Sept. 15. Mr. McDermott said the a pushover." At a news conference later he union executives were askei f other unions would contribute strike benefits to UAW mem >ers striking GM plants. "The CLC (Canadian Labor Congress) is acutely aware o he significance of this Jr. McDermott said. "There is no question in my mind that the CLC will rally to his cause in a very real anc ignificant way." It has been estimated the un on's strike fund will last six to even weeks. Mr. Woodcock told the nice ing: 'It's true we don't hav enough money for a Ion strike." He said union executives wen off payroll when the slrik began. A union without money is no out of business. In fact, a union without money might be a littl harder to get along with tha one with a big fat treasury t worry Mr. Woodcoc said. He accused GM of dictatin policies to Ford and Chrysle Grain Prices WINNIPEG (CP) Prices in light trade at th dose of the Winnipeg Graf Exchange today. and barley bot posted marginal gains on ex porter buying. Rapeseed als had crusher buying, while do mestic shippers were active in barley. Flax was easier as fairl heavy hedge offerings met in sufficient exporters demand. Oats and rye continued gen erally steady in dull trade. Monday's export wheat load ings included bushels tc Germany, to The Netherlands. Volume of trade Monday wa: bushels of flax, of rapeseed, of rye. Overnight, sale of four mil lion bushels of No. 2 northern to Germany and bush els of rapeseed to Japan was confirmed. Lakehead prices for Clas: Two and IGA wheat all were up cent. Prices for Class Two whea for export to countries outsidi IGA: 1 Nor 1.78; 2 1.76; 4 1 Durum 2 3 IGA prices: 1 Nor 1.78; 2 1.76 4 1 Durum 2 3 High Low Close .Flax Oct 270 269% 270 Nov 262% 261% 262V4 Dec 240% 239% 240% May 250% 249% 250% Rapeseed Vancouver Nov 230% 233% Ian 228% 225% Z28'A Mar 221V4 223% May 221% 219 Rapeseed Thunder Bay Oct Dec Apr 221% Oats Oct 92% Dec 89Vi May 89% Jiy Barley Oct 126% Dec 125% May y. Rye 3ct 106% Dec 109% lay 220 89V4 126% 124% 127% 108% 232 214 221% 91% 89V4 89% 92 126% 125% 128% 127% 105% 108% 115% SUPERTANKER-The tanker H. J. Haynes steams through Atlantic off southwestern Nova Scotio en route to new deepwater oil terminal near Saint John, N.B. Haynes, described as biggest ship ever to :ross the Atlantic, is twice the size on a tonnage basis the tahksr Manhattan and nearly three times the size of the retired passenger liners Queen Elizabeth and Queen Mary. T. rocessnc an a Systems 1003 4th Avenue S., lethbridge Telephone 328-4426 Potato Futures WINNIPEG (CP) Ligh trade on the Maritimes potato market Monday centred in the March and May futures where prices were even with to one point higher than previous close levels. Open High Low Close Nov 2.25N Mar 2.55 3.55B Apr 2.73N May 3.20 3.20B CORRECTION! Oranges Pomegranates THE FOLLOWING ITEMS ADVERTISED IN MONDAY'S HERALD SHOULD HAVE READ Hog Prices EDMONTON (CP) Hog rices to 11 a.m. provided by ie Alberta Hog Producers' toard: Edmonton: Quoted to 25.75, selling 25.55. Average londay 25.04. Bed Deer: Quoted 25.55. Av- raga Monday 25.77. Calgary: Quoted 25.55 to 5.60, selling 25.60. Average Monday 25.64, Lethbridge: No sales. Aver- age Monday 25.75. Lloydminster: No sales. Av- erage Monday 25.01. Hogs sold to 11 a.m., 996, Monday Provincial aver- age 25.65. Sows 1C.23. Letlibridge Hog Sale AU classes of w e a n e r and feeder hogs were meeting pressure. Weaners and light feeders were selling to lower, heavy feeders to lower. Weaners 6.25-11; light feeders under 100 Ibs. 13 to 20.75; heavy feeders 100 to 130 Ibs. 21-25; heavy'feeders over 130 Ibs. 27.50 to 30. AH prices per head. Light feeders under 100 Ibs. from l'J.50 to 30 per cwt; heavy feeders over 100 Ibs. 17 to 20 per cwt. Bred sows and gilts 56 to 66 per head. Butcher hogs sold Monday f.o.b. Lelhbridge 27.75 base price. Beef Futures WINNIPEG (CP) The Win- nipeg beef futures market had ight trade Monday with con- tracts executed in the January and March futures at prices ever, with previous close. Open High Low Close Nov 2S.OOA Jan 29.10 29.10A Mar 29.00 29.QOB .nd attempting to cheat the workers. "People who give their lives to the world's richest tarpora- tion shouldn't have to worry whether they can get from one pay day to the next." The companies offered what they call a 7.5-per-cent in- crease in the first year. That increase Includes cost-of-Iiving increases accumulated during the last three-year contract. The union argues that the "catch- up" cost-of-living money should be added before the'new wage figure is negotiated and it says the company offer is considera- bly less than 7.5 per cent. One of the obstacles to nego- tiation is the fact that cost-of- living indexes differ between Canada and the United States. Tu.idoy, 11, 1970 THI lETHBRIDGE HMAID IS Livestock Market Report Lclhbridge Livestock v {Supplied liy Caivnda Department of Agriculture) On offer to a.m. 141 cattle and calves. Receipts about evenly di- vided between butcher steers and heifers. Trade slow. All classes of butcher steers meet- ing pressure. Prices about 25 cents lower. Good and choice butcher heifers also meeting pressure. Prices 50 cents low- er. The few cows on offer sold at strong prices with heifery kinds selling to M. Choice steers 27 to 27.70; good 2G to 26.75; medium 25 to "i'. Choice heifers 26 to 26.40; good 25 to 25.75. Good cows 20.50 to 21.70; medium 19 to 20.25. Good feeder cows 22 to 22.50. Butcher hogs sold Monday TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) INDUSTRIALS Abltlbl Alton Algoma Steel AJco Ind Allan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Col Cellulose Cat Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Cdn Vickers Chrysler CPR Cominco Cons Bath Cons Gas DM Sea Dom Bridge Domtar Dom Textile Dom Stores Molsons B 7.50 North, cent 21.75 Pembma Pp 13.00 Power Corp 10.62% Price Co 7.37V2 Rothmans 43.50 St Law Corp 15.50 Shell CDA 61.00 8.75 Simp Sears 23.00 steel of Can Selkirk A 4.75 Texaco...... 7.75 Traders Gp A 4.80 Trans Mtn Pp 5.00 Trans Can Pp 24.62Va Union Gas 1.10 Union Oil 10.50 Versatile Mfg 9.37'A Westeel 23.75 Union Car 3.35 Weston'S B 6.00 Woodward's A 27.50 West Cdn Sd 63.00 ZenlfK Elec 20.75 BANKS 10.62W Can Imperial 17.50 14.00 East Sullivan UBV4 FalconbrW8, 5 75 7J5 11.25 19.00 31.00 First Maritimes Giant Y.K..... Gunnar Granduc Headway R.L. 20.WW M's- K- 25.00 T 29.75 16.50 Z.50 1.50 Highland Bell Iron Bay ISO 1 Jollet Quebec s.40. 140.00 .26 1.01 7.75 1.38 8.00 12.00 35.00 20.37'A .21 2.90 Kerr Addison Key Anacon Labrador Lake Shore Leltch Langis Silver Macassa Madsen R.L. Malartic G.F. Martin McNeel Mayhrun Dot Fam Play Fd of Arrier Gt Cdn Oil Gen Motors Gt Lakse Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe tnv Gp A Int Utilities Indust Accept Laurentlde Kelly Doug A Loeb....... Loblaw A Metro Stores Massey Ferg McMillan Bios Moore Corp Molsons A 15.75 13.50 13.00 11.00 69.25 9.75 51.00 4.00 Montr- Nova Scotia Royal....... Tor-Dom MINES Acme Advocate Asb. Akaitcho Area Mines Belcher Iron 73.37% Black Bay 19-25 Dralorne..... 17.62V4 Broulan 200 Bethlehem Brunswick Canada Tung. 18.25 cassiar 14-50 central 42.87W chimo....... 24.50 Conwest...... 7.1214 Cons. Rambler 29.87VzCoin Lake 15.00 Cochenour 5.00 Crakjmont 5.50 Dickenson Mines Denison Mines 6.00 Deer Horn 26.00 D'Eldona..... 10.00 Dome Mines 25.12% Donalda..... 31.62Vz Discovery Mines 14.25 East Malartic 20.00 New Athona Calumet New Imperial 2.00 Noranda .48 Northgate 1.95 Opemisha .42 OslskO....... Patlno....... 1-50 Pine Point Placer Dev. P C Exp Quebec Man Rayrock Radiore....... Rio Algom Roman Corp, Silverfields .84 Sherrjtt Gordon .Ifi'A Steep Rock .57 Siscoe........ 10.62VJ Tek Corp...... 1.35 Texmont Upper Canada Western Mines Wright Har. Willroy....... Windfall Yellowknlfe Br. Zenmac...... .29 16.00 4.50 2.06 52.00 2.75 1.20 25.25 .00 1.15 57.30 .24 1.30 1.20 9.95 .31 33.00 3.25 1.55 .03 1.25 .85 .70 13.00 .25% 152.00 .27'A 2.05 28.62Vi 9.95 .30 33.00 31.50 35.00 1.30 .39 15.75 6.20 2.05 18.00 2.75 2.15 M'A 1.72 3.90 1.35 1.42 -12V3 5.75 (.o.b. Lelhbridgo 25.75 base price. Calgary Livestock CALGARY CP) On offer to 11 a.m., about head; mostly good and choice slaugh- ter steers and heifers. Trade was active. Slaughter steers were steady with heavy kinds under pres- sure and discounted 50 cents. Heilers were steady; cows were in short supply but steady with no bulls. Choice slaughter steers S7.7S Ici 23.30, good 20.75 to 27.50, me- dium 25.75 to 20.50. Choice heifers 2G.50 to 26.80, good 25.50 lo 26.25, medium 24.50 to 25.25. Good coivs 21.50 to 22.20, me- dium 20.25 to 21.25, earners und cutters 18 to 20. Replace nient cattle were scarce with heavy, short-keep steers steady. Good feeder steers more than 750 pounds 27.50 to 28.20. No stock or slaughter calves offer- ed. Hogs base price 25.60. MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhause and McCuaig) LAST BID OR SALE a.m. Quotes) El e.m. jotes) a.m. QuolMl WESTERN OILS Home and Pit 5.10 Gr Equity Alminex 5.55 Hudson Bay Co 14.00 Gr In Asamera Hudson Bay Oi! Invest Gr Banlf 11.75 Hugh Russell Pfrf 20.25 Invest Mlual B P Oil and Gas 5.10 Husky Oil 12.62V> IDS Vent Cdn Southern ___ 4.20 Husky Oil War 6.60 Mutual Ac F Cdn Export Gas