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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 28, 1973, Lethbridge, Alberta Saturday, April 28, 1973 THE LETHBRIDCE HERALD 9 Time right to purchase bargain-priced stocks By SANDRA INGALSBE TORONTO (CP) Some analysts say now is the time to take advantage of priced stocks. They note that most of the depressed stock markets since the bull market of 1970 can be related to currency crises, and now that the re- cent one has been at least temporarily the bull market trend should return. Wood Gundy Ltd. says: "Fears of higher interest rates are also exaggerated in that more expensive credit is not necessarily restrictive. Higher interest rates as a brake to prevent overheating and slow economic growth to tolerable proportions are surely preferable to a rever- sion to the stop-go policies of the late 1960s." Some analysts are recom- mending that investors take a look at iunior and inter- mediate-sized companies with strong past and projected growth records, now trading at attractive price levels. Odium Brown and T. B. Read Ltd., Vancouver, recom- mends shares of Finning Tractor and Equipment Co. Ltd., trading at about Finning's sales and earnings have increased steadily and should continue to do so, pending some political uncer- tainties in British" Columbia, Odium Brown says. SUGGESTS WESTERN C. M. Oliver and Co. Ltd of Vancouver, says shares of Western Realty Projects Ltd, are "reasonably priced rela- tive to the earnings growth rate and should outperform the market generally over the next few years" Common shares of the company have traded recently at around Interpool Ltd., a container manufacturing and leasing company, is recommended by analysts who say the com- pany has had an excellent five-year growth record. The stock has risen recently, but duPont Glore Forgan Canada Ltd. says it has further capi- tal appreciation potential. T. A. Richardson Ltd. says Gold Crest Products Ltd., recently at "seems to be exceptionally good value for purchase 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! or Telephone IVIERA MOTOB HOTEL 5359 CALGARY TRAIL 43-43-43-1 Moss, Lawson and Co. Ltd. recommends Greb Industries Ltd., at an approximate price of "While the stock is thin, it offers excellent capital appreciation potential." Rosmar Corp. Ltd. recom- mends purchase of shares of Crawford Allied Industries Ltd., a sand and gravel oper- ator, trading around the level on the Canadian Stock Exchange. "The stock is cur- rently trading at only about seven times earnings esti- mates which, considering the outlook, appears to be an un- d e Rosmar says. Bond prices Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS 5V2% Oct. 1, '75 97.75 98.75 8 July 1, '78 105.00 107.00 Canadian markets dull as enthusiasm lessens Sept. 1, '83 ao.00 81.00 Sept. 1, '92 81.00 83.00 3 "i Sept. 15 Perp 39 00 41.00 April 1, 75 100.00 101.00 7V4% July 1, 102.00 104.00 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS By SANDRA INGALSBE Canadian Press Staff Writer Canadian stock markets yielded to the influence of a gloomy New York market this week as all sectors, except golds, fell, wiping out last week's modest gams. Trading was moderate. Shell oil reports income up TORONTO (CP) Shell Can- ada Ltd. reports consolidated net income for the first quarter this year of million or 66 cents a share, up from mil- lion and 63 cents in the corre- sponding period of 1972. President John F. Bookout told the company's annual shareholders' meeting Friday higher royalties, crude costs and operating costs, coupled with marketing price dis- turbances, impaired the first- quarter results. Recently, however, product prices have been firming in rec- ognition of higher replacement costs. Mr. Bookout said there has been significant progress in ex- ploration for northern natural gas towards establishing re- quired pipeline threshold vol- umes. Mr. Bookout said Canada Is one of the few industrialized countries with an excess of hydrocarbon reserves relative to future needs and a shortage of petroleum energy is unlikely. "It would be in Canada's na- tional interests at this stage to develop these resources and thus provide an assured long- term domestic supply." H. H. Smith Ltd. Customs Broker CALGARY PHONE 263 say) 1 LETUBRIDCE PHONE 328-8141 Ph. 344-3822 MEN'S WEAR MANAGER A well established independent department store requires a men's wear manager with buying exper- ience. Room for further advancement in position and earnings for suitable applicant. Confidential written application with resume should be sent to the Manager, the Merc. Pept. Store Ltd., 909 Baker Street, Cranbrook, B.C. Investors appeared to ignore the continuing flow of improved company earnings reports. Some analysts say those reports will eventually be the basis for a new market upswing. The pessimism of the New York market was attributed by some observers to investor wor- ries over inflation and rising in- terest rates. A general lack of enthusiasm has snowballed into a psychological weight on the market. But, Canadian markets are expected to remain a little firmer than New York. Some erosion of investor con- fidence in Canada in the less tangible assets was reflected in the switch to golds, which set record price levels. GOLD INDEX PEAKS The Toronto stock market's gold index touched an all-time high of 276.96 Tuesday, having Husky Oil operations show gain CALGAKY (CP) Husky Oil Ltd. Friday reported net earnings from operations in the first quarter of 1973 reached million or 29 cents a share, compared with million or 10 cents a share in first tbres months of last year. President James E. Nielson told the Canadian integratec 011 company's annual genera meeting of shareholders that sales and operating revenues for the first quarter of 1973 reached a record million, compared with million for the comparable period in 1972. An increase in production and higher prices for Canadian crude oil ooubincd to produce a 22-per-cent gain in income from production operations. three fourths of its refining and marketing operations are in the United States. Husky is involved in the ex- ploration for and the produc- tion of crude oil and natural gas, the refining of crude oil the wholesale and retail marketing of refined petroleum products. Husky subsidiaries are en gaged in the warehousing and processing of steel products and hi the production and market- ing of charcoal briquets and activated carbon used in muni- cipal sewage treatment. More gov't workers OTTAWA (CP) The num- ber of federal government em- ployees increased six psr cent from 30, 1971, to Sept. 30, 1972, Statistics Canada report- ed The federal monthly pay- roll, however, jumped J9.4 per cent in the same period, to million from mil- lion. Hie 277.291 federal em- ployees at last Sept 30 thus re- ceived average pay of for the month. McBRIDE RAGAN CONSULTING ENGINEERS LTD. 1. F. B. McBride H. S. Rogan K. L Soranten 1. F, B. McBride, P. Eng. and H. S. Ragan, P. Eng., announce the ejection of Ken L Sorensen, P. Eng., as a Director of t he Company. Mr. Sorenven holds a Master's degree in Civil Engineering (Structures) fro m the University of Alberta. McBride. Ragan is a professional engineering firm which h as been engaged in the structural design of bridges, building frames and foundations over a period of twelve years. The Com- pany s practice encompasses a wide rang e of industrial, commercial and institutional buddings and bridge types. risen 40.53 points in five ses- sions. The previous high was March 6, 1969. Rices had treated sharply by the week's close but the index managed a gain of 7.49 to 266.76. The decline in Canadian mar- kets, which had in recent weeks remained fairly stable in the wake of a depressed New York market, was reflected at To- ronto Wednesday when 450 losses were recorded, the larg- est number of the year. However, losses in Toronto have not been as severe as in New York and some analysts remain optimistic. Canadian Business Service says: "The fundamentals, such as corporate profits and busi- ness activity, continue to show improvement and could very well trigger a rebound without prior warning. Current market prices appear to discount fully any temporary slowdown in business activity which might occur. "We expect the Canadian markets to continue relatively firmer than New York." At Toronto, the industrial in- dex, considered a major in- dicator of market trends, began the week sharply lower and kept up the slide to close at its lowest level since Dec. 4, 1972. The index fell 6.36 to 217.46. Alberta Ontario Ont Hyd New Br Nfld N. S. Quebec Alberta Man Hyd Sask Nfld AGT Man Tel 7 8 '90 106.00 108.00 '88 92.50 94.50 '94 108.00 110.00 '90 107.00 109.00 '74 101.00 103.00 '92 83.00 85.00 '74 102.00 104.00 '90 107.00 109.00 8 '91 99.50 101.50 '90 105 50 107.50 '90107.00109.00 8 '74 101.00 103.00 8 '74 101.00 103.00 INDUSTRIALS Alta G T Alcan B.C. For B.C. Tel Bell Tel Bell Tel CP Ltd CP Sec Cda Utd OWNG Gulf Oil '90 106.00 108.00 '91 107.00 109.00 '92106.00108.00 '90 106.00 108.00 '79 106.00 108.00 '93 108.00 110.00 '89 103.00 105.00 '90 106.00 108.00 '91 108.00 110.00 '90 107.00 109.00 '90 103.00 105.00 Inter P P '90 107.00 109.00 Massey '80 105.00 107.00 Noranda '90 106.00 108.00 Int Nickel '90 107.00 109.00 N and C G '91 107.00 109.00 St of Cdn 914% '90 106.50 108.50 Tr Cdn P '90 109.00 111.00 Tr Cdn P 10% '90 110.00 112.00 WC Trans '93 99.75 100.25 CONVERTIBLES Alta G T Cons Gas Dynasty '90 145.00 150.00 '89 87.00 89.00 7 '82 102.00 107.00 Acklands '88 102.50 104.50 Scur Rain 7Vt% '88 88.00 90.00 WC Tr C '88 85.00 88.00 WC Trans '91108.50 110.50 Brazil, Paraguay give power generator go-ahead BRASILIA (AP) South America's biggest country, Bra- zil, and one of its smallest and poorest neighbors, Paraguay, gave the official go-ahead this week for construction of the world's largest hydroelectric plant. The two countries' foreign ministers signed documents forming a joint company to build Itaipu Dam across the Parana River where it forms their common border. Brazil and Paraguay have planned the project for years. The dam will generate 10 mil- lion kilowatts of power and will cost billion. It will be a few miles upriver from Iguazu Falls. The United States govern- ment, the World Bank, the So- viet Union and even private groups of rich Arabs have all been reported interested in fi- nancing the huge undertaking. President Alfredo Stroessner of Paraguay climaxed a two- day state visit here hy signing a wide-ranging Joint statement with President Emilio Medici of Brazil. Brazil agreed to aid the fu- ture development of Paraguay, an impoverished land-locked country of two million people. Brazil, which has a prospenng economy and 100 million in- habitants, specifically agreed to finance Paraguay's half of the founding capital of the dam building company. The documents were signed under the shadow of opposition from Argentina. Argentina argues that dams on rivers which eventually flow into Its is the case Film chosen OTTAWA (CP) The Cana- dian film Katnouraska starring Genevieye Bujold, will be pre- sented in a special showing at the Cannes Film Festival in May, the state secretary de- partment announced. of the not be built without prior consultation with its government. Brazil re- jects this idea and will go only as far as providing "prior Infor- mation." Medici has called fea Itaipu Dam "the biggest undertaking by two countries on any cqnti- nent and in any epoch." WANTED MANAGER FOR LETHBRIDGE CHAMBER OF COMMERCE A person with Ideas, vitality, personality and dedication !o princinlps of chamber Persons with experience and organizational training will receive preference. Send full resume Including salary expected to 102, 1003 4th Ave. S. Lethbridge, Alberta Mark Letters Personal and Confidential. We carry Hartford Insurance on all and going from our market. Wednesday] a.m. FAT CATTLE SALES INSURANCE MONDAY p.m. SPECIAL Feeder HogJ and Baby Calf Sales SLAUGHTER HOGS ASSEMBLED AND MONDAY THRU FRIDAY. WE BUY AND SEU FAT AND FEEDER IAMBS DAJLY Livestock coming to FRIDAY 10 a.m. FAT and FEEDER CATTLE SALES 1 p.m. STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS. ED FRENCH ..........328-3986 DAN KLA5SEN........345-4358 KEN MILLER, MAGRATH 758-6607 LOU DEJAGER 345-4489 WHIT HENINGER......328-7354 CONSIGN ALL YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK "In The Hturt of Canada's Ranching Country" Ph: Office 327-0101 327-3986 Alberta P.O. BOX S.S. 1-7-7, LETHBRIDGE, ALBERTA By A. J. San torn SEX LINKAGE ACROSS 1 Stiffening fabric 6 Semitic iang. 9 Diet 13 School of fish 18 Girl's name (HarM 19 Not rich 22 Miss Goolagong's game 24 With 102-A, Chapman Report? (E. Hubbard) 27 Mount dis- abbe 28 Cupid 29Towboat 30 Nautical left 31 32 Slights 34 Harmful flies 38 Benchley's "Lovelife cfa-" 1 workl 2 Hurrying about 3 Card game 4 Corosive substances 5 Space agency 6 Kind of nibs 7 Where Lond.is 8 Shoe 9 Pemiche Idlnlhe manner of 11 12 Augment 13 Set out 39 Slavic prince 40 Simple 41 Impudent 42 La tin behold 44 Basilica of the Coem 45 With 128 A, cherchez la femme! (R Kipling) 62 Girl's name 53 Supped 54 Soviet range 55 Cinderella was one S3 Football bowl 60 65 Fountain nymph 66 Oahufood 68 Wife-whipper 69 Brazilian city 74 Moment 75 Difficult 76 Male chauvinistic dig (Tennyson) 115 bitsy 112 Clarified butter 113 In the 82 Lsssoer 83 Jeweler's weights 84 Large lemui 87 Ump's inend 88 Kind of don 89 Stitch 90 Carping critic 91 Emancipated one 93 Plane 95 Motoring public 98 Large bundle 99 Swamp 100 Passageways 70 Korean town 102 See 24-A 71 Conductor 110 Hair ppes 111 bottle DOWM 14 C jmmand, old style 15 Toronto's prov. 16 -of prevention 17 Betty, Giona, et aL 18 Billiards stroke 20 Vantaga point 21 Tents 23 Capture 25 Insect 26 Inwhatway 33 Sports drawing 35 Ladvoi- 35 Electric fish 37 Scutne 39 Cabbages: var. 43 Fidel's guerrilla 44 Meager 46 Vassahc holding 47 Shade trea 48N.Z-bird 49 Distant Certain abrasives 51 Abrasive tip 55 Get for effort 56 Before Diego 57 "-ruled the roast" (W. Irvmff) 116 Evil deity in "Gunga Din" 118 Noticeabla 121 Female Spirit in mart 122 Untruth 123 Bankrupt 124 Implore 125 Blunder 127 Hoop 128 See45-A 135 Relaxed 136 Takes no chances 137 Weds 138 Inner 139 Slender stalk 140 Pigpen 141 Playboy play S3 Rousing cheer 59 Gist 60 Eur. capita! 61 Kind of poet 62 Odd couple? 63 Atmosphere 64 Decision, hi boxing 66 the 67 Eccentric 68 Cubic meter 71 Winter figures 72 Passes1' (Browning) 73 Short time 75 Asian city 77 Part eye's 78 Endure 79 Sensitwa plant 80 Yellow fish 81 Another nibs 85 House routine 85 Part of G.' 88 Ghana's Nkrumah 92 Black magazine 93 Popular garb !M Pass catcher 95 96 Diminutive 99 G-men 100 -akile 101 Phrase of 102 Performer 103 Sages 104 Napping 105 Bullet 97 Kennedy 106 Lace ends 107 Operated 108 Arab rule 109 Figures of speech 110 Eyelashes ,114 Nottvng like them 116 1l7Toial 119 Bottomless P't 120 Asian holiday 121 Atlanta's Omni 123 Before Major Babaats 123 Farm grass 130 Goes with dism Broo'r Ivn 131 Caus'oc potash 132 Ship section 133 French marshal 134 N Ena. school Diagramless 21 x 21, by Janet c. 11017 1 Donkey 4 Long ago and away 7 Round or odd oestirwes 9 10 Dismdmcd 12 Tossed 13 but not my toes1 flames 18 Once ant, agwn ACROSS 19 Graveyard of mamagcs 20 Utc tribe 22 Employ 23 Mr. Money- hags'yardstick 28 me Musagood Ihmg1) JS Caesar and Pompey 30 Misses Claire and Ray Mutton 31 Good as a nod 32 Heads of longhair 34 Eiectrkaj genius 37 Hues 38 Pharaoh's 40 Kwig Tot's 41 Purilated 42 KoscrocsfcO ar-dFulasU 44 Bow down. moWendayS Dreams of France 47 Sheepish, m away 48 The seven fcveSyones 50 What dads want 51 CusJomar 53 Sania s Chanel 55 noyol lart baling Strrjr 58 Escape S3 vmeit 60 Latin hails (or short sis.) 62 Medley race 63 Gear; outfit 64 Hearts of eggs? 66 More denuded 67 Talons 63 Song of 1 -A 70 71 72 5 Sheltered 6 Tier, or fuss 8 Charger 9 Eng county 11 Communist capital 17 Twinkis, tatteone! 18 Time to forget 15-D 20 Etass 21 Profess 12 Tiny branches 24 Thsis Jhe army, Mr. so tow w" 25 Women's 15 Formula for name? 26 Gtvcoif ;S Pnnict 27 Hindu queen measures 32 Aya iUtsa) 33 Tarsus 35 Father of Henry Ward and Harriet 3fi Defense vs. doctors 37 Faucet 39 Boat lari-te line 43 44 To have, in France 46 British machine gun 47 Dick and Jans exclamation 49 pop 50 Mater 51 the 52 Slavic ruter 53 Self satisfied Devastation 55 Alton scr Gasoline 55 N Caucasisr language 57 Cottena choc's 58 Savage 61 on thn ice 6? 65 3 65 bcr, '-.-i 63 h- 1 or ncir- ng 2 Lampblatt 3 Belle c! ;hs Jton'iCT 4 Fcvtcr CRYPTOGRAMS SOUTIO-NS or LAST razus I. BY CAN'DYGBZZ, EBSPGTZ DRTOPUAGT QSPU QRUC ODBQPO BCQ O-PY EDPPSGTZ SASP BZANDY- ZYHYAA'R TETELCK HAMUSUHR Tl U M O V R K7.V R Y V U X C M X E R U Y R Y BEEP K S I' BMYXUOALU. -B? M. Spen? LEYY MEYYRT LRT BAA MDYR. -B.r Irtlani Ust a tvoti trattefpna our planet Solo tifw hrrrn Jljtil ntiTnflTincdj K Bad bear rpd bwi. 3. Do yon thrill io the mud rf JTbe FipttT ;