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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 7, 1971, Lethbridge, Alberta Base metals bend a bit By PETEH LEIC1INITZ Canadian .Press .Staff -Writer Base metal issues, reacting sharply to news of lower first- half earnings by two of the country's major nickel produc- ers, registered severe declines on Canadian stock markets this week. Both Inco and Falconbridge reported a 50-per-eenl drop in net earnings for the first six- months of this year, compared with the January-June period in 1970. In addition Jtaco announced it had reduced its dividend to 25 cents, from 40 cents a share and that it was reducing its monthly nickel by about seven per cent or three million pounds. The reduction will re- sult in the dosing of two mines, one at Sudbury, Ont., the other at Thompson, Man. Inco dropped to a five-year low Friday, closing at down 3 Vb on the week. Falcon- bridge lost to On the week, the Toronto base metal index was down 2.88 points, closing at 90.98. Prices were lower during four of tlie five trading sessions. A minor rally Friday was termed1 primary "technical" by ana- lysts, who said many investors vere buying issues which had been oversold during Hie de- cline. At New York the Dow Jones industrial average posted its THE UNIVERSITY OF LETHBRIDGE PLANT UTILITY OPERATOR One operator is required fur the new heating and cool- ing plant at the University of Lelhbridge which includes Iwo 600 H.P. hot waler boilers, two 700 ton cenlrifugol chil- lers, central monitoring system ond related auxiliary equip- ment. Applicants must have a working background in en- vironmental and mechanical syslemi of large buildings or institutions. Certificates in steam engineering, oir con- ditioning controls and relat- ed trades desirable. Salary range per month, commen- surate with experience. Please wrile or telephone for application forms which mull be received by August 13, 1971. Applications pres- ently on file will be reviewed. Replies confidential. Personnel Office The Univenily of Lethbridge Lerhbridge, Alberta sharpest decline since June IB, Wednesday, as prices closed lower for the fourth consecutive week. On the Montreal and Cana- dian exchanges, the composite index rose .41 points, closing at 177.77. Combined volume on the two exchanges was 5.88 million shares, compared with a vol- ume of C.60 million last week. At Toronto, the industrial index, the prime indicator of market activity closed at down 3.08 points. The index dipped Co its lowest level sine? Jan. 5, Thursday, closing at 174.10. Volume at Toronto was light during the four trading sessions. Total volume was 6.B1 million shares, compared with 0.83 mil- lion last week. However, the To- ronto market was closed Aug. 1, observing the Civic Holiday. Canada's other exchanges re- mained open. At New York.the Dow Jones industrial average lost 7.81 SmoJeey Says: TVe protection managed hnill H. H. Smith Ltd. Customs Broker COUTTJ 3443B11 points, closing at 850.61. Wednesday, the index closed at 944.92, its West level since Jan. 18. Volume was 60.72 million shares, down from 62.42 million last week. Gold issues, which posted moderate advances early in the week, drifted lower as prices and trading declines on the Lon- don bullion market. The Toronto market's goid index lost 2.44 points, closing at 190.86. With littfe news to guide investors in western oil issues prices traded in a narrow range throughout the week. At Toronto, the western oil index dosed at 225.96, down .30 points. Bond prices lower TORONTO (CP) Prices on the Canadian bond market were fractionally lower in light trad- ing this week. The short-end was weaker by about 25 to 50 cents. Mid-term issues lost about one-quarter to one-half point <'hile long-term and corporate issues were un- changed. Midland Osier Securities Ltd., bond traders, said the market's weakness was caused by lack of interest among buyers, the insU ability of the United Stoles dol. lar, and the raising of the prime rate of one U.S. bank. However, they expect the market will im- prove next week It was grow- ing stronger toward this weekls end, after absorbing adverse factors with little loss. There has been little tendency to sell- ing this week and more buying may result. The Alberta government Tele- phones Commission has filed a registration statement for an of- fering of million of deben- tures in the U.S. If the U.S. Securities and Exchange Com- mission gives its approval, the debentures, maturing Sept. 1, 1996, will be offered around Aug. 18. Day-to-day money was avila- ble at 3-li per cent Friday and three- and six-month treasury bills traded at 3.90 and 4.15 per cent respectively. CITY OF LETHBRIDGE SUGGESTED BIKE ROUTES City of Lethbridge suggests that the following areas be utilized by bicyclists and encourages the formation of a bicycle club that can develop some fund- ing for the actual paving of pathways for the future bicycling generations. PARKUDf OfftVf S 4Vf. Tha suggested bicycle routes are published so that motoriits may be- come familiar with areas where they may anticipate a greater number of bicyclists and practice safe, defensive driving techniques, especially In these areas. The City of Lethbridge encourages motorists to remember that Highways ore net only for automobiles but are for the use of many types of vehicles in- cluding the telF powered bicycles and the lower powered motor bikes and :v Bond prices Supplied by Dohcrty floadhouse and McCualg Bros. COVEDNMENT OF CANADA BONDS COVMNMENT OF CANADA GUARANTIED BONDS COB. Mm. 6 7. 4V4% Bid Aikul Pcrp. Apr 1, '71 Matured Sept. 1, '72 99.35 99.55 Oct 1, '75 95.00 96.IW Jul. 1, '73 105.00 106.00 Sep. 1, 77.87 78.117 3 Sep. 15 37.00 KUX) Apr. 1, '75 99.50 100.50 Jul. 1, '75 101.00 102.00 Sep. I1 '92 80.00 81.00 PROVINCIAL 7% 8% To Alberta 8: Ontario 7 Ont Hyd 9 New Br 9' Nfld 8 N. S. Quebec Alberta Man Hyd 8 Sask 8% Nfld 9Vz' ACT 8 Man Tel 8 Alta G T 9'A Alcan B.C. For 93AT B.C. Tel Belf Tel 916 Bell Tel 9 CPR CP Sec Cdn Util CMHC Gulf Oil Inter P P Massey Noranda Int Nickel N and C G 101.00 '88 89.00 '94 104.00 '90 107.00 '74 99.00 81.00 '74 99.00 '90 103.00 '91 95.00 '90 103.00 '90 103 M 'H 101.50 '74 101.50 103.no fll.OO 106.00 109.00 101.00 83.00 101.00 105.00 97.00 105.00 105.00 10350 103.50 8% ft S of Cdn 9Vi% T C Pipe 9% Tr Cdn P 10% '90 102.00 104.00 '91 102.00 104.00 '92 101.00 103.00 '90 105.00 '79 104.00 106.00 '93 104.50 108.50 '89 104.00 106.00 'SO 101.00 103.W '91 103.00 105.00 '90 103.00 103.00 '90 103.00 105 00 '90 102.00 104.00 '80 101.00 '90 102.00 10100 '90 102.50 104.50 '91 104.00 106.00 '90 102.50 104.50 '90 103.00 105.00 '90 106.00 108.00 CONVEITIBLES Alta G T 714 54 Cons Gas Scurry it T Cdn P 5 WC Tr C 5V4% WC Tr Dynasty 7 Aeklands 90 119.00 89 98.00 80 90.00 89 87.00 90.00 91 116.00 82 84.00 75.00 122.00 100.00 92.00 39.00 92.00 118.00 88.00 80.00 Reduced air fares sought NEW YORK (Renter) Three major United States air- lines announced here Friday that they had applied for sub- stantially reduced to 66-per-cent var- ious domestic routes. United Airlines, America's largest air carrier, Trans World Airlines and American Airlines filed petitions with the Civil Aeronautics Board which regu- Istes domestic air fares. A husband and wife maxi- mum five-day excursion fare re- quested by TWA would cut their lowest coast-to-coast fares from to round trip. One of the couple, however, must pay the full coach fare. A similar American Airlines plan is only slightly more expensive. TWA plans to offer 25-per-cent reductions to individuals travel- ling during the off-season, from October through May. Although American and TWA plan to offer family and individ- ual fare reductions, United pro- grams apply only to groups of 25 to 154 people. Cranhrook city post declined CRANBROOK (Spec lan- Soheduled to (ill appointment in early August to a newly-es- tablished city hall post, deputy city clerk, Ernest Audette of Provost, Sask., has reconsider- ed and declined the position. It was established to ease duties of administrator city clerk-city treasurer Bland Hoo- ver of some of his exclusive re- sponsibilities as city clerk un- der the Municipal Act. One of these is exclusive rec- ording and certifying of coun- cil meeting minutes which is beyond jurisdiction of an assis- tant city clerk. This latter office is held temporarily by Dennis Bottorff, assisatnt trea- surer, but is not equivalent to the office of deputy clerk. Final city staff vacancy left from tire firing in May of the assistant city clerk, city works foreman and of parks ?nd recreation has been filled on the usual probation- ary basis with appointment of Peter Fanning, reportedly ex- perienced recreational director in other B.C. municipalities. He replaces R. L. DeArmond. Writs claiming damage from Hie cilv for wrongful dismissal were filed in Vancouver regis- try of the Supreme Court late in June on behalf of former city clerk-treasurer-collector G. M. Robertson, former works su- perintendent Emil Erickson, and Mr. DeArmond. Representing the city in de- fending the claims is F. C. Hislop who has filed defence on behalf of the city at the reg- istry. No further progress in process of the claims to a fur- ther stage is expected until at least September. Net earnings By THE CANADIAN PRESS Home and Pllfield Foods Ltd., year ended April 3: 1971, 26.8 cents a sliare; 970, 27.1 cents. General Bakeries Ltd.. three months ended July 3: 197J, profit. 9.7 cents a share; 970, loss. Central Del-Rio Oils Ltd., six months ended June 30: 1971, 26 cents share; 970. 22 cents. Ashland Oil Canada Ltd., nine months ended June 30: 971, 41 cents a share; 1970, 21 cents. Aueuif 7, 1971 TH( lETHMIDCt HEKALD 23 Housing project at university EDMONTON (CP) The University of Alberta will lend the Students' Union on campus as much as to help fi- nance a ?0 million housing pro- ject. The project will have 500 housing units, lounge areas and a shopping mall and is ex- pected to he completed for September, 1972. D. G. Tyndall, university vice-president, said the rate of interest will be negotiated but it likely will be better than what could be obtained on tho open market. ByGena Fawcelta NOW, A BOTTLE CAP TH4T REALLY STAVS ON UNTIL ARE REAPY FOR IT TO COME OFF. THENEWTOP6ACTUW.LY A THREE-PIECE COMHNATIOM LOCK THAT SCREWS ON AND OFF ANY STANDARD PLASTIC OR SLASS BOTRE tOU DIAL THE CORRECT COMBINATION... IHtOIHf COOKING If LrthlT i I.U-sddnino le Canada Widi. 243 51. Jam, W. MBB'mfll 136, ComBB. WANTED Male or Female Qualified Florist For new shop m Holiday Inn REPLIES CONFIDENTAL Write Box 109 Lclhbridge Herold IN EDMONTON RIVIERA THE HOTEL WITH MORE TO OFFER For your convenience) In making reierva.ioni CALL LONG DISTANCE AND ASK FOR ZEnilh 0-7255 at no cost to you 'MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta Phonti (403) 434-3431 037-2610 M. Z. temmo MISCELLANY ACROSS 1 Creator of Moll Flanders. 6 Tibetan man of the cloth. JOScJiclturie- 14 Pretend. Ancient Roman official. 21 Moslem priest. 22 An October birlhEtone.- 23 Fricative consonant. 25 Ultimate. 26 Dapple. 28 Suppresi. 29 Greek: letter. 30 Hardy heroine. 31 Debussy's "La 32 Timepiece. 34 Expire. 35 Bowling game. 3B Camper's need. 39 Poop. 40 Market. 41 Berthing facilities, 42 Gossip: cr. i Protect. 2 Paper term. 3 Back with funds. 4 Palm Jeaf. 5 6 Vivacious. 7 Gather. S Red planet. 9 Friend: Fr. 10 Convincing. 11 Separate. 12 Lady's hair pad. 13 Open to choice. 14 Classify. 15 Season. 43 By of. Pine family tree. 45 Required, 46 Some, 47 Meander. 48 Along In years. 49 Boston Bruins CD Snoop. 61 Metallic fabric. 52 Heavenly. 53 Pourina device. 56 Interdict 58 Mis- Fr. law. 69 Bard. 60 Purchate. 61 Prepare a path. 62 66 Back talk: si. 67 Food container. 68 Missouri 69 Unscathed. 70 Dinhonor. 71 .Chemical compound. 73 Giving opposition. 75 Posture. 76 Deep pink. 77 Nonsentel 73 Resiliency. 79 Attorney'! charge. 80 Indian cymbaFff 81 Confidenti- ally: 2 wdE. S3 Arrive. 84 Tyke. 85 Laiaa. 66 Speechify. 87 Reveal. B8 Untruth. 89 pastry. 52 Frenetic state. 93 "Fuzz" member. 94 Political 95 S6 Narrated. 97 Pull. S8 Watery In substance. 10t Friendship! 103 Tiny bit. 104 Rodent. DOWN (6 Ponge, e.g, 17 Yorkshiro river- 18 Chinesa dialect. 19 Surround. 24 Cut one's eating apparatus. 27 33 Queue. 36 Supplement! 37 Army chaplain. 38 Wee. 40 Canadian province. 42 Mend. 43 Capitol's feature. 44 Rise in the air. 47 Deserve. 48 Threshold, 50 Wages.. 61 Boy meets girl elc. 62 Opposite of stet. 63 Unite in wedlock: colloq. 54 Corrupt. 65 Detailed account. 107 Current. 109 Roman hill. 110 Anecdotal collection, 111 Spoke at length. 112 Odalisque chamber. 113 Head. 114 Bulgarian monetary unit. HSWetteit 117 Arrange In a 120 Italian river. 122 Agreement between natloni, 123 Whit. 124 Different 125 Working student at Oxford. 12B Delicate. 127 French city noted for tripe dish. ?2fl Unfriendly look. 129 White poplar. 56 Swtet rfiU. 57 Colombian city. 58 Skilled. 60 Exclude. 61 Joitlc. 62 Curse. 63 inhumane. 65 Whirled. 67 Speed. 68 State of Enafu. 69 Sensible. 72 Uniate cliurch member. 73 Libertine. 74 Weighty reading material. 75 Immovable. 77 The two. 79 Enemy. 82 Promontory. 83 Witty chip. Diagramless 19 x 19. Jiy Anne Hollornn ACROSS 1 Pay attention, Semite. 6 Sheltered area. 9 Not many- 12 Clothing. 13 JaiF com- partment. 14 Time period, 'i5 Make free of germi. 20 Underhanded. 21 Mine output. 22 Excite. 24 Peeved. 25 Open a seam. 26To 28 Sure-fooled animal. 29 Sluggish. 30 Song by one. 33 Caspian 36 Flagstone. 37 Infant's bed. 38 Color. 39 Army 40Ebro, e.g. 41 Persons Joined in faith. 42 Have food. 43 Observed, 44 Beehive. Stale. 45 Printer's measures, 46 Night birds. 47 Particle. 48 Explosive. 51 A dor Ay 62Urls character. 63 Celt. 66 Horse's." home. 56 Lubricant. E9 Japansce statesman. EO Basic. 65 Male sheep- 66 Contributed.. 67 Precious stone. 71 Seeing crgani 72 Individual. 73 Weather- cock, 74 Concludes, DOWN 1 Find fault. 2 Danish cofl, 3 Black roofing material. 4 Falls back. 6 Neck garland. 7 Building fi Yale. 9 Gab Gardner. 11 Manner. 13 American Indian. 16 Also, 17 Misjudge. 18 Nothing. TO Charles Lamb. 2.3 Quick. 24 Femalfiheg, 26 Imperfection. 27 Steal. 84 Suggestion. 85 Retort. 87 Volume. 88 Theater section. 89 Italian clly. 90 Preponder- ant. 28 Bluejacket: Hi. 29 Narrow openings. 30 Threaded nail. 31 Bay window. 32 an I mala. 91 Spanish province. 92 Argument- alive. S3 Attractive. 94 Dr. Norman Vincent 05 96 Buttle 97 Giant. SB Break apart. 99 to use. 100 African country. 102 English playwIflhL 103'MIddIe. 105 Venerate. 107 Saver. 108 Strong iUit. 109 Hiatus. 111 Wrest. 113 Piece of 116 Purview. 119Cc.lo.dar substance. 120 Biblical king. 121 One wiy lofiih. 33 Source of 44 Former power. Indian 34 Every. nation. 35 Social Insect. 47 Everything. 36 Make-believe. 45 Sheep's cry. 39 Alphabet 49 Heraldry letter. border. 41 Pack away. SO Plant. 43 Weep. 53 Departed. 54 River Island. Seth'i parent. 65 Guide's high 64 Real _ note, 66 Remain. 17 Heavy book. B9 Anger. 61 Self. 62 Grownup boy. 68 Cooking utensil. 69 You me. 70 Brown of Band of Renown. CRYPTOGRAMS HOTDIAV EYFIEYLU 7F VOTERS IN T TDILSNAD KTHIEYLU. Norton RhoaJes SOl.TTTONS QF UKF W 2.DQVLK TLQTZFZNT: HONING XDGTJNGT VX FDE ANNT "AWNN-PNNT ZW HOVING." By Myrtle W. 8.HEDIG FOLK AYEH PFLYENG CLTJYZ PECTINAL HNFOEDF DZNYR POLNS DYTJTSNGBLG GNPFXEYUSK7 Archibald V.McLccl Last WceVs Cryptof-rams 1. Forester .fonnd Sfqtif ficquotn En forest. 2. One hufiliaml turned off h caring ifd wticn his wife begin her tirade. 9. My punning brother saya perhaps filibuster mcnns MR meal for sn-nll Field 1971 ;