Lethbridge Herald, The (Newspaper) - August 11, 1973, Lethbridge, Alberta
Mine entrance This is the view from the entrance to Cominco Ud.'s Black Angel Mine about above the sea in Greenland. The only access to the cliff-side scheduled to go into production this is by cable car. The million project is well north of the Arctic Circle at 71 degrees latitude. Canadian trade route pleases Detroit official DETROIT A new trade route for importing Japa- nese goods via Canada has says one Detroit Harbor Terminal of- ficial. But some observers say it could mean trouble for the St. Lawrence Seaway because it cuts the delivery time via the Insurance office moves EDMONTON The of- fices of the Alberta Hail and Crop Insurance are being moved from Calgary to La- Al director of administration for the agri- culture department has an- nounced. The move is part of the gov- ernment's decentralization poli- which earlier resulted in the Alberta Oppor'jnities Co. locating in Ponoka and the Al- berta Development Corp. estab- lishing in Camrose. 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 Write or Telephone 'MOTOR HOTEL 5359 CALGARY TRAIL 43-43-43-1 saaway and the Panama canal by about seven days. The first shipment via the new trade large con- tainers of Japanese-manufac- tured auto last week at the terminal. Ward executive sec- retary of the Detroit Port Oper- ators confirmed the parts had been shipped across the Pacific Ocean to Vancouver where they were placed on rail- way cars to be transported to Ont. From the boxes were ferried across the Detroit River to Detroit. Under the U.S.-Canada taiiff any automotive parts shipped across the bor- the six boxes of Japanese duty free. IN MEMORIAM HABIJANAC In loving memory of our mother and who passed away August 3956. Just a prayer from those who loved Just a memory fond and true. In our hearts you will live for- Because we thought the world of you. remembered by daughters and grandchil- dren. IN MEMOR1AMS MASSON In loving mem- ory of a dear husband and Gordon Roy who passed away August 1972. One lonely year has passed away since cur great sorrow The shock which we received that we still remember well. Our hearts still ache with our secret tears still For what it meant to lose no one will ever know. When we are sad and and everything goes wrong We seem to hear you cheer up and carry on. loved and remember- ed by Mari- lyn and Heather. H. H. Smith Ltd. Customs Broker EDMONTON PHONE 424-9796 CALGARY RHONE 263-8050 I UETHBRIDCE k PHONE 328-3HI PHONC COUTTS Offiee Ph. 344-3822 Guaranteed Savings Certificate FARMERS MERCHANTS TRUST 309 7th St. S. Uthbridge Phone 328-5548 HOLLOWAY In loving memory of Frank Sr. a dear grandfather who passed away August Wednesday morning. A wonderful father laid to For each of us he did his His place on earth no one can fill. Although we smile and make no No one missas you more than us. What would we give if we could say in the same old To hear your see you smile To sit and chat with you awhile. You left us so suddenly your thoughts unknown. But you left us thoughts we are proud to own. missed by his lov- ing Sylvia. Bil- Sammy. Announcement VERNA COUTTS Tom office manager for Astro Realty ltd. is proud to announce Verna Coutts was the top sales rep- resentative for Astro in the month of July '73. For all your real estate needs call Verna at ASTRO REALTY LTD. Phone 328-7748 Wntmintttr Shopping Plaza Junior industrial stock given investment nod Augutt 1973 THE LETHBRIDCE HERALD 23 By INGALSBE TORONTO Rosmar Financial Corp. is recom- mending two junior industrial issues for medium to longer term accounts. The investment firm says in its current market letter that C. A. Pitts Engineering a construction should continue to build on its strong growth record and that Versatile Manufacturing farm equipment manufac- is showing a strong re- covery. a construction company has a tin can tied to its la- bor not worth more than Rosmar says. The price-earnings ratio 10X earnings means the mar- ket price of the stock is 10 times the estimated earnings per share. Pitts has com- piled an impressive growth record in the last five years with a 65-per-cent increase in doubled net earn- improvement in profit margins and cash flow and more than doubled working capital. Pitts's primary interests are in large highway and ex- pressway major hydro marine work and pipelaying. Rosmar says an important factor in the Pitts operation is that it gets about 85 per cent of all its business from vari- ous government agencies. of are the big spenders on high- seaport and airport well as power. And it seems likely that governments hi this country will remain big spen- ders in these more so perhaps during slower periods of economic growth in order to maintain INCREASED PROFITS Pitts reported Wednesday that net income for the first half increased to or 38 cents a share from or 33 cents a year ago. Revenue rose to from in the first six months of 1972. While rising labor and ma- terials costs may affect profit margins this the com- pany's aim of million rev- enue seems likely and earn- ings should rise to from 86 cents in in- cluding earnings from- the proposed acquisition of 21 per cent of Standard Paving and Rosmar says. C. A. Pitts class C closed Wednesday at Rosmar says Versatile Manufacturing has made a since 1970 when it had to' turn to the Manitoba government for aid due to a cyclical downswing in agriculture and problems with financial con- trol systems within the com- pany. Since Versatile's profit margins have improved and the company has ex- panded operations. From a loss of 24 cents a share in 1970 the company moved to a profit of 52 cents in 1972. SHOULD SETTLE Rosmar says the current food shortage and projections for future requirements should lead to a smoothening of some of the cyclical swings in the farm machinery in- dustry. in while ttie recent western economic con- ference may not have pro- duced any there is little doubt that the Canadian west is emerging as a full- fledged member of the Cana- dian growth One uncertainty is the out- come of claims by John Deere and a major U.S. farm machinery of patent and counter-claims by Versatile. There is no indication or if the suit will get to Rosmar says. The investment firm esti- mates earnings will rise to 90 cents a share this year and recommends it as a medium term hold for cacital gains. Versatile closed Wednesday at Bond prices 8 3 Supplied by Doherty McCuaig Limited GOVERNMENT OP CANADA BONDJ Oct. '75 99.50 100.50 July '78 101.00 102.00 Sept. '83 77.50 78.50 Sapt. '92 75.00 76.00 Sept. 15 Perp 38.00 40.00 April '75 96.50 99.50 July '75 99.50 100.50 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS Alberta '90 102.00 104.00 Ontario Ont Hyd New Br Nfld N. S. Quebec Alberta Man Hyd 7 9 8 Sask Nfld AGT Man I lAlta 8 8 Tel 8 '88 83.00 88.00 '94 103.50 105.50 '90 105.00 107.00 '74 99.50 100.00 '92 78.50 80.50 '74 99.00 101.00 '90 102.50 104.50 '91 94.00 96.00 '90 102.00 104.CO '90 105.00 107.00 '74 99.00 100.00 '74 fta.OO 100.00 INDUSTRIALS G T '90 103.00 105.00 Alcan B.C. For B. C. Tel Bell Tel Bell Tel CP Ltd CP Sec Cdn Util C W N G Gulf Oil Inter P P Massey Noranda Int Nickel '91 103.00 106.00 '92 105.00 107.00 '90 102.00 104.00 iVitt '79 102.00 104.00 '93 104.00 106.00 '89 100.00 102.00 '90 104.00 106.00 '91 105.00 107.00 '90 104.00 106.00 '90 100.00 102.00 '90 104.00 106.00 '80 103.00 105.00 '90 103.00 105.00 '90 103.00 105.00 N and C G '91 104.00 106.00 St of Cdn '90 103.00 105.00 TrCdnP Tr Cdn P WC Tr '90 105.00 107.00 '90 106.00 108.00 '93 95.25 96.23 CONVERTIBLES Alta G T '93 128.00 138.00 Cons Gas '89 82.00 84.00 Dynasty 7 Acklands Scur Rain WC Tr C WC '82 105.00 110.00 '88 99.00 101.00 '88 89.00 92.00 '88 74.00 77.00 '91 99.00 101.00 BUYING or SELLING coll FRENCH MONDAY p.m. SPECIAL Feeder Hog and Baby Calf Sales Wednesday a.m. FAT AND FEEDER CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. WE BUY AND SELL FAT AND FEEDER LAMBS DAILY We carry Hartford Iniuranee on all livestock FRIDAY 10 a.m. and FEEDER CATTLE SALES 1 p.m. I SPECIAL STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS. ED FRENCH 328-3986 DAN KLASSEN ........345-4358 KEN MAGRATH 758-6607 LOU DEJAGER 345-4489 WHIT HENINGER......328-7354 CONSIGN ALL YOUR LIVESTOCK C. E. FRENCH LIVESTOCK The Heart of Canada's Ranching Office 327-0101 327-3986 Alberta Stockyardi P.O. BOX ALBERTA Crossword By A. J. Santora BEACHLINES ACROSS 1 the 4 Travel permits 9 Seize 13 Sometime sword recipient 19 Sea hazard 21 Eared seal 22 Allotment 23 B vitamin 24 Rebels 26 Intimation 28 for one 29 Old 31 Theda 32 Atry 33 Peddle provisions 34 On and up 36 Lady Luck 37 Pass from center 38 Soup ingredient 39 Upholstering materials 42 Existed 43 Wind a fishline 45 me down 46 Freeway entrances 48 Beautiful girl 51 Emergency abbr. 52 Important starting dates 54 Smoke 56 At a high point 57 Circuit and jaw 59 N.Mex.art colony 61 Uncommon 62 Office fastener 64 Japanese sash 65 One who gives 105 Undersized money early salmon 67 Soul food 107 She-bean 68 Rice dishes Sp. 71 Giacial ridge 72 Fall bloomers 73 Diminutive comber 75 Cash regis- ter ring 80 Man 82 Stockholmers 83 Swallowed 84 Kind of blinds 88 Paddle 89 in Turkey SO Summit 91 Terminates 93 W.W.IIsita 95 Jungle animal 97 Fetter 99 Gangsters 101 Nobleman 102 Singer Home 103 OnfootFr. 104 Hems and 103 Change the preponderance 112 Out of work 115 Acting part 117 Hit against 118 Small islands 119 Break- 121 in Paris 122 Satisfy 123 School dance 125 In a rapid way 126 Superficially Oklahoma city 132 In short supply 133 Exhorted 134 ac- site 135 Legal document 135 Doctrines 137 Spoken 133 Work hard 139 abbr. DOWN 1 Stew or whiskey 2 Kind of soup 3 Author of 4 Fashion 5 News bit 6 Diego 7 Skill 8 Method 9 Peter or Ben Ridiculed 11 Supped 12 Ape or Coast 13 Habituate 14 in Roms 15 Seaman 16 White-flow- ered shrub 17 bell 18 Successful 20 Icecream flavor 22 Incan calculator 25 Austrian writer 27 Tigers 30 Ben 34 Sheer fabric 35 Trading guild 36 Sumptuous spread 37 Appointment she 39 Throw 40 Prejudice 41 Noted Nellie 42 Practical joker 44 Old Dodgers' park 46'Third undulation 47 Withered 48 Old Turkish VIP 49 Miss etal. 60 Meat purchase 52 Shuts out 53 Beach find Kind of screw 55 pref. 68 Balkan folk dance 60 Church sections 63 Dormouse 66 Evidence 68 Mind one's -Q's 69 in Berlin DidgramleSS 21 X By Janet C. ACROSS 1 Cauca- or Grand Prix E Concealed 8 or Waldorf 9 Torero's acclaim 10 Black swan 11 for one 12 Operated 13 Apprehends 17 Wrests 21 bienl 23 Social gathering 24 Top banana 27 Blue flag 28 Bowler's jousting field 30 Hearing device 31 romantically 32 Indian once Portuguese 33 Blemish 37 Skilled 39 -doesitt 41 Woodwinds 43 Or not 44 this 45 mecum 47 Australian ratite bird 48 -de-camp j 50 Mnemonic j devices 53 Snarl liks a don 54 Long and faraway 55 Irish hill of kings 58 Scads 60 Employ 61 Belgian violinist 62 Basic gumbo ingredient 66 Western India sect 63 Cuticle 70 Avena saliva 71 South j American ruminant 75 The Way- side 76 Remember thisl 78 Othello's evil genius 79 Banner SO My gal 81 Wrestlers' milieu 85 One who swaps 70 Curses 71 Night before 74 Town in Spain 76 Conceit 77 Tugboat or Orphan 78 2wds. 79 city 77 Health resorts 89 Greek letter 90 Truth personified 91 for one 93 Law in Lyons 94 Rub out S5 Annex 96 Recede DOWN 1 Tracking device 2 Fall in 3 -Tech 4 Paradise 5 Aaron specialty 81 Decfina 84 Duct 85 Hebrew dry measure 86 Kindofico cream 87 Kind of tax. 89 Strange 92 Keen G Holly' 7 Item 8 Ilk 14 World holder 15 -inhis bonnet 16 thumbs 18 19 Lagniappe 20 Compass reading 22 Wise and pungent S3 Outlay 94 Onthelevrf 95J3emstones 98 Large parrot 100 Possess 104 bone 7 106 Tendon 108 Ballerina's skirt 24 South and Black 25 Youngest Lincoln 26 Boxing situs 29 Mauna SIToba French 34 Jour- nalist's unit 35 Fortas 36 Iter 33 Legurna 109 Bewitched 110 Seeing or magic 111 Cods 113 Day Saints 114 George Sand's 40 River to North Sea 42 Geraint's wife 45 Alpha and 46 Edge 49 Wheeler- 51 Wattlebirds 52 Mediocre 55 Helicon B6 Ember 57 again 69 Coloring agent 115 Perch 116 Weight unit 117 balls 19 ease 120 Old English militia 122 Denomination 61 Yin's opposita 63 Teddy bear 64 Bellwether 65 Minute particia 67 Yeast nucleic for short 69 Kind of media 71 Ignited 72 Household god 123 Wise men 124 Frosted 125 Market or bug 127 Otho's 128 Brother 130 Drag 131 Wrath 73 Khan 74 Standardized unit 77 Fold over 79 Fragile 82 Indo- European 83 The ones over thera 84 Mad as a hornet 86 Organic compound 88 Merganser 92 Macaw SOLUTIONS OF LAST WEEK'S PUZZLES EEEBB BUUUUUU BUUU UEiU UUULJ QIJUU nun nnnE UHOCE Innnnn Bnrnna BtlCE DO nnnis nnnn nnnnn nnnnn nrannn nnn rannnn HQBBH BQBH nnnn nnnn ntaran BEEI CRYPTOGRAMS 1. XFRCR FAULTFNA LANENL VKA VGAHNEGAC UFHGVFLEGACA. NY FLTNHO NH ETC -YCFE KV TNY XGROUCHE. -ByJeanneBiancoui 2. SEWQUYTS KYPI PIZ DETJRAYZO YT HRRKO WYSIP KZUU QZ PZAWZK BOD cnoncn rmnncnr El Eld nnnn rnnnnn nnnon Innn DROP nnonc 'HEP India M. Sperry ooonnon ncnc nnn aasn GBQ cnn nnon anaa unon DDRC fiEnB naa QBCB BCD DCCE nriQnn nnnn nnonn oncum nnnn nnnran HOCEE BnOdianl ROO naon nnnn CHUB nnan anaon onnan nccl nHBtlQ BHBO U N C H I M f Lois Jones BBdllD BBBBH S. THE THICK LOCKPLLICE PHUN.MKLY LOCY. Last Week's Cryptograms 1. Ex-Texan swallowed space capsule when Ms double dose. 2. Man in the moon saw earth people whirled into his domain. 3. Bank teller tore bank book.