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Lethbridge Herald, The (Newspaper) - April 7, 1973, Lethbridge, Alberta Retail stores enjoy upward business trend By PETER LE1CHNITZ TORONTO (CP) One sec- tor of the economy enjoying a strong year is retailing and many investment firms say the upward trend will con- tinue throughout 1973. 'fne marked increase in sales and profit by some of the industry's largest com- panies has been reflected by a series of recent stock splits, dividend increases and ex- pansion plans. Canadian Business Service says shares of several major retailers are currently "fully priced" but it recommends purchase at a sign of any weakness. Department store sales in- creased 14.7 per cent in January from a year earlier while over-all re'ail sales across Canada rose 10.7 per cent in 1972. The Maclean-Hunter Re- search Bureau says the mood among consumers suggests "that the willingness to buy is very strong and that 1973 will see another larpe increase in personal spending on con- sumer floods ard services." CUTS WILL HELP Personal inccme tax cuts announced by the federal gov- if approved, will put more disposable income in the hands of the consumer and many analysts are con- fident much of this money will find its way Into the tills of Canadian retailers. Nesbit, Thomson and Co. notes that during the last 12 months the merchandising in- dex of the Toronto stock mar- ket has climbed 17.3 per cent and more than 30 per cent during the last two years. Retailers of major appli- ances and home furnishings, in particular, are being rec- ommended by several in- vestment firms. Some of the largest retail fashion chains are also recommended as a buy. N. L. Sandier and Co. Ltd. Is recommending the pur- chase of shares of Fields Stores Ltd. Fields purchased the assets of Marshall We'ls Ltd. which operates 186 fran- chise stores carrying a wide variety of consumer products and hardware. "Strong internal growth in the Fields operation appears in store this year and next." SALES UP, PROFITS DOWN Shares of Fields Stores Ltd. closed Wednesday at Hudson's Bay Co. reported a 20-per-cent increase in sales during the nine months ended Oct. 31 although profit de- clined due to costs incurred in new store openings. Some analysts are recommending the stock for future growth. Grain Prices Winnipeg grain WINNIPEG (CP) Afl com- modities finished the week at lower prices, desnLe a heavy volume of trade Friday on the Winnipeg Commodity Ex- change. Max prices were t'own the daily maximum of 10 cents and rapeseed declined as much as eight cents. Oats and barley were firm to fractionally lower and rye dropped three to five cents. At the close, flax was 10 cents lower, Vancouver rapeseed eight to lower, Thunder Bay rapesesd five to 2% lower, oats Vs higher to 1% lower, bar- ley 1% lower to unchanged and rye 5% to 3% lower. Thursday's volume of trade was 1.562000 bushels of flax, cf rapeseed and of rye. Lakehead export wheat prices all were up cent. High Low Close Flax May-------------------446% Jly 443 Oct 457 Nov 428% Rapeseed Vancouver Jun 419% 401% 401% the RIVIERA MOTOR HOTEL Welcomes you to Edmonton To help make your stay more would like to introduce you to all our facilities. MORE PEOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone IVIERA MOTOB HOTEL 5359 CALGARY TRAIL 43-43-43-1 Sep 417% 400% 4003i Nov 398% 382% 382% Jan----------------- 379 Rapeseed Thunder Bay May 399% 385% 385% Jly 397 384J4 Oct 377 370% 370% Nov 357 Oats May 155 114% 115% Jly 113% 112% 113 Oct 108% Dae 109 Barley May 153% Jly Oct 152% 1525'8 151% 151% 150% 152% 151V4 151% dec Rye May 153 ?'s 147 148% Jly 154% 149 150 Oct 152% 147% 148 145% TENTATIVE AGREEMENT VANCOUVER (CP) British Columbia's 80 coastal marine pilots have reached a tentative agreement in their contract dis- pute with the pacific pilotage authority. A strike by the marine pilots, who withdrew foeir services for four days in February, would have hampered shipping into west coast ports. Last month Captain Alex MacKinnon, president of the B.C. Coast Pilots Ltd., said the main issue in the dispute was a Pilotage Act to become ef- fective next Feb. 1. The pilots, who now average a year, sought a one- year contract starting Feb. 1. The authority offered them a 7.5 increase and they asked for 13.5 per cent H. H. Smith Ltd. Customs Broker LETHBR10GE PHONE coins Home Office Ph. 344-3822 "The company's massive expansion program, espe- cially in Ontario, and its move into catalogue-show- room retailing means growth in retail earnings can be ex- pected over the next few says Canadian Busi- ness Sendee. Shares of the company closed Wednesday at Simpsons and Simpsons- Sears are two companies that analysts say are fidly priced on the market. Both recently announced stock splits and dividend increases.' Other stocks recommeVed by local investment firms and their approximate prices are: Bad Boy Appliances and Fur- niture Ltd. Leon's Fur- niture-Ltd. Reitman's Canada Ltd. and Dylex Diversified "A" Ltd. Saturday, April 7, 1973 THE IETHBRIDOI HERALD Bond prices Supplied by Doherty McCuaJg Limited GOVERNMENT OF CANADA BONDS Oct. 1, '75 98.00 99.00 8 July 1, '78 105.00106.00 Sept. 1, '83 80.50 81.50 Sent. 1, '82 39.00 54.00 3 Sept. IS Perp. 100.50 101.50 April 1, '75 102.00 103.00 July 1, '75 82.00 84.00 PROVINCIAL GOVERNMENT OP CANADA GUARANTEED BONDS Alberta '90 106.00 108.00 Ontario 7 '88 93.00 95.00 Ont Hyd 9 '94 109.00 111.00 New Br '90 108.00 110.00 Nfld 8 '74 101.00 103.00 Shareholders reject 'watch-dog' motion By TERENCE CORCORAN MONTREAL (CP) Share- holders of Alcan Aluminium Ltd. voted Thursday to reiect two shareholder proposals that would have altered the com- position of the firm's board of directors and set up watch-dog committee to oversee the com- pany's performance. The proposals, moved at Al- can's annual meeting by Andre J. Tasso of Montreal, are be- lieved to have been the first major attempts of this kind in Canada under Canada Corpo- rations Act amendments which went into effect in 1971. The vote on the first pro- the company's by- New test for cancer readv soon CALGARY (CP) A new test for some cancers should be available within a month, Montreal inuaunologist Dr. Samuel Freedman says. The test measures the amount of Carcino Embryonic Anogyn (CEA) in the blood; large amounts indicate cancer. Freedman said the test is useful in treatment as well as diagnosis as the level reflects the progress of a pa- tient. The test, which is most useful en cancers of the lung, bowels, prostrate and ovaries, must be performed on patients before it is approved for gener- al use, he told a news confer- ence. About 60 groups were work- ing on the test and a study of the data. laws be amended so that a ma- jority of directors be neither of- ficers nor employees of the defeated by 19.9 million votes to votes. Alcan has about 33 million outstanding shares and more than shareholders. The vote was conducted on the basis of sharees held. The second ap. point a committee headed by an outside director to perform con- tributing performance audits of the defeated 20.1 million to Eight of Mean's 14 directors are company officers. Mr. Tasso told the 131 share- holders who attended the meet- ing that: "Year after year, share- holders In mega-corporations like Alcan are asked to vote for the slate of directors nominated by management There is no al- ternative, not even a negative vote." N. S. Quebec Alberta Man Hyd 8 Sask Nfld AGT 8 Man Tel 8 '92 84.00 '74 100.00 '90 107.00 '91 99.00 '90 108.00 '90 107.00 '74 101.00 '74 101.00 9VS% Alta G T Alcan B.C. For B.C. Tel Bell Tel Bell Tel Cp Ltd CP Sec Cdn Util CWNG Gulf oil Inter P P Massey Noranda 9V4% Int Nickel 9Vt% N and C G St of Cdn 9Vi% Tr Cdn P Tr Cdn P 10% WC Trans INDUSTRIALS '90 105.00 '91 106.00 '92 106.00 '90 105.00 '79 106.00 '93 109.00 '89 105.00 '90 1C6.00 '91 106.00 '90 106.00 '99 105.00 '90 107.00 '80 106 00 '90 106.00 '99 106.00 '91 106.00 '90 103.00 '90 108.00 '90 110.00 '93 100.00 CONVERTIBLES Alta G T '90 143.00 Cons Gas '89 88.00 Dynasty 7 '82 103.00 Acklaads '88 105.00 Scur Rain '88 89.00 WC Tr C '88 86.00 WC Trans '91 111.00 86.00 102.00 109.00 101.CO 108.00 109.00 103.00 103.00 107.00 108.00 108.00 108.00 103.00 111.00 107.00 108.00 108.00 103.00 107.00 103.00 108.00 108.00 103.00 108.00 108.00 110.00 112.00 100.50 153.00 90.00 108.00 107.00 91.00 89.00 113.00 Marketplace aggression urged for sale of goods WINNIPEG (CP) Canada must assume a more aggres- sive stance to sell its goods in Canada slows silver coin exports OTTAWA (CP) The federal government has moved to pre- vent the export of pre-1968 Ca- nadian dilver coins by profiteers melt them for their silver content. Finance Minister John Turner told the Commons Thursday that the cabinet has passed an order-in-council requiring a per- m't for the export of such coins. The run on silver coirs in- creased recently as the price of the me'al rose far above its value as coinage. Seme Umted States citizens are said to be gathering up Canadian coins in this country and taking them to the U.S. for meltfng and resale. John Diefenbaker Prince Albert) brought up the matter in the House Wednes- day. He recommended passage of a cabinet order sjmilar to one passed in 1970 to regulate the export of silver coins. That order was revoked in 1971. Mr. Diefenbaker asked again Thursday if the government in- tended to take action. Mr. Turner told Mr. Diefenbaker he was "bright as a silver dollar" to have become aware of the situation. Up to 7000 Sq. Ft. of New Office Space FOR LEASE IN DOWNTOWN LETHBRIDGE ON 5th STREET SO. Fully modern aireonditioned, available epprox. 8 months or sooner. Will subdivide to suit. Box 141 Lethbridge Herald the world marketplace, Jack Armstrong of Toronto, presi- dent of Imperial Oil Ltd., told a business conference here. Moreover, this country must expand its industrial diversifi- cation and seek new trading partners, he told a one-day meeting of the conference board of Canada. "We have ridden along on the post war boom and by acci- dents of geography and geology we have continued to enjoy and standard of living without a particularly aggressive stance. "However, the world has be- come a much more competitive place and there is a greater need for initiative than ever before." Mr. Armstrong said Canada's international trade is "para- mount" to its well-being. Ex- ports of goods and services traditionally have comprised about 25 per cent of the total Canadian gross national prod- uct, whereas in the United States exports contribute only five per cent to the GNP, he said. To expand the country's in- dustrial diversification, "we should be prepared to exploit intelligently our natural re- sources." For example, Canada has 23 per cent of the world's known' uranium reserves and is In a position to develop its uranium fuel business. Hog prices EDMONTON (CP) Clos- ing average prices provided by the Alberta hog producers mar- keting board Friday. Edmonton: 43.75, average Thursday 4384. Red Deer: 44.17, average Thursday 42.47. Calgary: 44.54, average Thurs- day 42.60. Lethbridge: No saler, average Thursday 44.11. Lloydmirster: No sales, aver- age Thursday 43.49. Fort Macleod: No sales, aver- age Thursday 44 30. Grande Prairie: No sales, aver- age Thursday 42.80. Total hog sales average 44.13. Total sows 6, average 3355. PREFERRED FINANCE CORPORATION LTD. Ml60, 345 4th Ave. S.W., Calgary, Alberta Short Term Financing nnv oirounts over Expedient service Phone 262-6465 or 262-3708 Mobile Ice Cream Vending Distributorship available. Operates successfully In over 55 cities In Canada. Ideal for University student or family with teenage children. Supplement your present Income. Little cash required. Pleaie write with resume to Box 732, nipeg, Manitoba R3C 2L4. Crossword By Anthony BASS BAWLS ACROSS Gas found in Montana CALGARY (CP) Concept Resources Ltd., Calgary has announced the discovery of a natural gas field in Stillwater County, Mont- The field is being developed by Concept Resources Inc., the company's U.S. affiliate, which has already completed three wells. Negotiations for sale of the gas are already under way and it is estimated that the we'l- head price will be around 35 cents a thousand cubic feet. A drilling fund operated by concept sank the initial well. Gas was encountered in two pay zones in the first two wells, while in the third, gas was found between 630 and 850 feet. Larry C. M. Darling, presi- dent of Ccnceot Resources, said j production of three million cubic feet per dav ha? already been established "for the well. 1 Wind instrument 5 Beetle 11 Set :o 17 Style of furniture 21 Cuckoopint 22 Treat badly 23 Conditional release 24 Angry 25 Porkfish 25 Bats 28 Chapter in the Koran 29 Asian wild goats 31 Swedish port 32 Leases 33 Rustic home 34 Building addition 35 Nether world 37 Skiffs 38 Ruined 40 Revised 42 The Seven 1 Savor 2 Wild sheep of India 3 Nurserymen's associations 4 Eastern official 5 6 Obscure 7 Treated with an astringent 8 Precepts 9 Where Himalayas are 10 8.g 11 Moarfy 12 Weak 43 Fasttner Put in irons 46 Gourmet 49 Footwear 52 Bores 53 Excursions 54 Indicate 65 Choir member 56 Stupefies 57 Lugged 53 Game 59 Trough 60To- 61 Hereditary factors 62 French rival 63 Waited 64 Thing 65 List 66 67 School groups 68 Sand-lot bail field 72 Teems 75 Fruit Ireo genus 76 77 Seed 80 Take it easy 81 English titles 83 "Chimney" bird 84 Pelt 85 Stakes 86 Happy 87 Intons 88 Greek letters 89 Disorder 80 of 91 Winged 92 Panza 93 Scrap 94 Stomach- ache 96 farms 97 High homes 99 Make out 100 Leg cover DOWN 13 Stews 14 birds 15 16 Agreeable word 17 Attack 18 Twin gets into the game 19 Razor-billed auk 20 mine 27 Old English coins 30 Stands out 33 Contend 36 Sweetsoo 37 facial feature 38 Chore 39 Section 41 Mournful music 42 Twists around 43 Pointed shaft 44 Tree 45 Author of Westerns 46 Irish bootleg 47 Snooiv 43 Satellite 50 Salt Wee 53 Undergrade 101 Make a door-to-door survey 103 Proofreader's mark 105 Town in old Greece 106 Horned animal 109 Egyptian lizards 110 Black buck 111 Hartebeest 112 Billiard shot 114 Put down 115 Nab with the goods 119 Last word 120 Bird 121 Lets up 122 Muse of comedy 123 Lump 124 Implores 125 Boat haver 126 Guild fees 127 Letters 53 Apache 55 Flush with the water 67 Organized groups 58 Cursive script 59 Loners 61 Open space in a mountain 62 Maih functions 63 Sneaked off 65 Tells all guanz 67 Vvoo 63 Beach feature INSURANCE- MONDAY p.m. SPECIAL Feeder Hog and Baby Calf Sales We carry Hartford Insurance en and going from our market. Wednesday! 10.-00 a.m. FAT and FEEDER CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOU) MONDAY THRU FRIDAY. WE BUY AND SEU FAT AND FEEDER IAMBS DARY all Livestock earning to FRIDAY 10.-00 a.m. IFAT and FEEDER Cattle Sales 1-00 p.m. ESPECIAL STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER NOGS EXCaiENT FACTUTIES FOR REDING AND LOADING HOGS. ED FRENCH ..........32S-39M DAN MIUER, MAGSATH 7594607 IOU DEJAGER 34S-M89 HENTNGCT......328-73S4 CONSIGN All YOUR LIVESTOCK TO: C E. FRENCH LIVESTOCK "In The Hcort of Conodo's Penciling Fit: Office 327-3986 Alberto Stocfcronfe P.O. BOX S.S.1-7-7, lETHSRTDGS. AiMKTA 19 X 19, by Alice D. Vaoghan ACROSS 25 Smsrt fish 17 Space Measures sauce IS New York 26 Redactors: I Present town abbr. 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E N S N Y E E K B G L S A C B IO S H L Y V R U Y L K S-LGH NY ALLO RTUE: Ss T I T C H Bj Kirhard lilanltlfy 1 WHATWRATYJG' A K B U Y B I H R B H <3 rYNHIOFMY ENOFFOE OJJOHX. fit T M S. VtoTH) Rights Reserved rid Inc. TTteVs Cryptograms: 1 a certain doling danghftr fcJl into ice-cold a JltT. 2 hcfldrinnlrr