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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 14, 1971, Lethbridge, Alberta 20 TH! LETHBRIDG! HEKAID Saturday, August 14, 1971 Bond prices West oils are mighty OZd country soccer By PliTEn MilCIIMTZ modcralc advances, while other Canadian Press Siafi sectors driflcd lower. Speculative buying pushed Observers said Inure was no western oil issues sharply hisher, but in general trade re- mained light on most Canadian j stock markets this week. i Industrial issues also posted Supplied hy Dfiheny Man Hyd S Roadhouse arjd McCiialc Bros, gj.J COVEINMENT OF CANAOA BOND1 OOVEftNMEHI OF CANADA GUARANTIED BONDI 8 .Man Tel 8 Cm. Hcrt, RFiry, Bid A-k.d 6 "4 Apr. 1. '71 Matured Sept. 1, '72 Oct. 1, '75 9550 W..VJ 6 ri Jul. 1, '78 105.01) Kltj.OO 441 Sept. 1, '83 Perp 3 'V Sept. 15 Apr. 1, '7.1 Jul. 1, '75 5'.-4 T' Sept. 1, '92 79 i" Alia fT T 9'ir; Altan flVi B.C. For B.C. Tel Ml Tel Hell Tel Alberta Ontario Ont Hyd New Dr Nfld N. S. Quebec Albert a MOVINtTIAI S34 7850 31! HO WM CP Sec 9V i 0] fill L'til Woo moo awe s3.! ICulf Oil 8V Inler P P llasscy 9-V N'orantla Ini Nickel 9U' and C G 9'.i' 101.110 'R8 89.00 ''1 00 10.) '90 107.00 109.M S of C'dn 101. 00 I Bl.oo 8 '7J 99 (X) 00 j 'SO 101.M 10310 T C Pipe B'.i" Tr Cdn P 10" '91 05.00 97 00 '90 103.50 '90 JW.OO IOG.OO '74 101.50 103.50 '7' 101.50 103.50 '90 I02.WI IfH.OO '91 10.1.00 105.00 '92 103.00 103.00 '90 105.00 '79 104.50 106.50 '93 104.50 100.50 '89 105.00 107.00 '90 102.00 104.00 '91 103.00 '90 103.00 '90 104.00 106.00 '90 103.00 105.00 'SO 102.00 i '90 10800 105.00 '90 103.00 105.00 '91 104.00 IOC.OO '90 103.00 '90 103.50 105.50 '90 105.50 107.50 markets pinched OTTAWA (CP) Money markets were pinched in places Ihis week and some investment dealers had to turn to the Bank of Canada for the second week miming to get short-term cash at penalty interest rates. Weekly statistics issued Thursday night by the Bank of Canada show short-term inter MONARCH LIFE PACEMAKER ANNOUNCEMENT Alia G T 7 i Cons Gas 5Li Scurry R T Cdn P 5 WC Tr C WC Tr t Dynasty 7 Acklands 7 '90 120.00 123.00 '89 98.00 100.00 '88 92.00 ' '89 89.00 91.00 '88 90.00 93.00 '91 11600 118.00 '02 '88 84.00 76.00 88.00 31.00 R. J. DUKE KWASNIE A Pocemoker i) a leading in- lurance representative of Tha Monarch life Assurance Com- pany. An Executive member of the Pacemakers is a represen- tative, who Through consistently outstanding insurance counsel- ling, has developed a large cli- entele, and thereby gained the Company's highest award. Dulce has represented Monarch tile in Southern Alberta {or ll-a past fifteen years. Operating out of Lethbridge, he has developed a broad reputation for his ex- pertise in all areas of life in- surance. Duke was the Pace- mokerj President last year and has been a member of ihe Club for the pas! fourteen years. In addition he has received the Na- lional Quality Award eleven coniecutive limes, a clear indi- cation that his insurance pro- grams are carefully tailored 10 tuit his client's needs. We're very proud of Duke's performance and equally proud Thai he's "Our" insuiance agent. We ihink that you would be proud loo. The Monarch tife Assurance Company Professional Building 404 8lh Street S IETHBRIDGE, Alberta Nef earnings Greyhound Computer of Can- ada Lid., six montlis ended June 30: 8.4 cents a share; 1970, S15S.974, 3.9 cents. Gulf Oil Canada Ltd., six months ended June 30; 1971. SI9.8 million, 44 cents a share, 1970, S16.8 million, 37 cents. Simpsons Ltd., six months ended July 7: 1971, H.W5.000, 26.5 cents a share; 1970, 17.2 cents. Simpsons-Sears L t d., six months ended July 7: 1971, 35 a share; 1970. 19 cents. By Gene Fawcetle A MEW FHC7CPHiSJTEa i 7'CCLCR EN- I i-TES IN1 ThlE UNITES, L'SNS RECENTLY- L EICPED ELEC7KCPHOTO, I IS CM THE AWKKET uptren Come to work for Alberta Your Opportunity Is Here Provincial Supervisor of ARTIFICIAL INSEMINATION To administer Ihe Artificial Insemination of Domestic Animall Act and the Regulation which includes Ihe responsibility of licensing Inseminating and Semen Producing Businesses and various classes of The incumbent will also be responsible for conducting a comprehensive extension educo- program in animal reproduction and related area] Quo- B.Sc. in Agriculture (Animal Science) with a good Illicalm ma cence wt a goo working knowledge in both animal nulrilion and genetics plus lhs post gradual. work work In Animal Science preferred or nn equivalent combino- r Pnd Salary range to Competition No. 4408-1. Closing dotes August 25, Apply EDMONTON address SUPERVISOR FEEDER ASSOCIATIONS To direction Feeder Ajiocialioni operating under Government Guoranten on continuous or annual guaronlee basis, ond con- duct an program in Ihe general area livestock (ceding ond rnllcnfna including fecrflor management, etc. Qualifications: B.Sc. in Agriculture accompanied by consid- erable experience m prod.col focdlot feeding and credit ar- rangements as applied to the feeding Tost training in Animal Science desirable. Salary rongo la Competition No. 4407-6. Closing dale August 35, Information onrf application formi from: GOVERNMENT OF AlBERTA, Penonnel Administration Offici, Room 500 Torracn Buildinn 96 Avenue nnil 106 Stroel EDMONTON est rates at their highest in six months. There are new signs that the Bank Canada is applying the I brakes on the sharp expansion o[ money supply that has pre- vailed for about year. Investment dealers short rf cash to finance inventories o[ securities owed the central hank about 514 million Wednesday night on short-term advances arranged on bankers' notes and government securities. That was an increase of million in a week, but down [torn tne heavy maximum of S125 million in such drawings reached between July 29 and Aug. 4. To finance inventories with day loans from the cliarlered banks, investment dealers had to pay an average of 4.1 per cent during the week to Wednes- day, the highest since February and up sharply from a low of 2.19 t the end of May. HIT HIGH POINTS Average rates on government treasury bills auctioned Thurs- day also hit the higliest points since February. The rate on three-month bills was 4.01 per cent, up from 3.88 a week ear- lier and a low of 2.96 in May. Six-month bills drew 4.27 per cent, up from 4.10 a week ear- lier and the low of 3.13 at the end of April. Chailered-bank holdings of treasury bills were down by S36 million in a neck to mil- lion before Thursday's auction -a decline of S123 million from Ihe peak of million eight weeks earlier. The cushion in chartered bank resell es between actual hold- ings and Ihe increased require- ments for August remained nar- row compared to performance in July. Monthly figures, adjusted to discount seasonal variations, showed an easing in the gron-tli of money supply. Total currency in circulation and bank deposits advanced in July by S127 million to the smallest increase in a year. More narrowly defined to in- clude only circulating currency and demand deposits in banks, money supply declined last month by S117 million to first decline of that magnitude since early 1969. IN EDMONTON RIVIERA THE HOTEL WITH MORE TO OFFER For your convenience In making retervationi CALL LONG DISTANCE AND ASK FOR ZEnirh 0-7255 al no cast to you MOTOB HOTEL 5359 Calgary Trail Edmonton, Albnrla Phone: (403) 434-3431 Telex: 037-2610 major news responsible for the advance in oil issues, but an increase in buying by U.S. investors in Canadian resource companies in anticipation of in- crease oil and gas sales to the U.S. was a major factor respon- sible for the advance. The Toronlo market's western oil index climbed 9.49 points during the to 235.45. Thursday, tnc indes recorded its sharpest advance of the year, climbing 5.G4 points. At New York, tho market closed Ivactionally higher, inter- rupting four consecutive weeks of declines. On tne Montreal and Cana- dian Exchanges, the composite index list .15 points, closing al 80.89. Combined volume on the two exchanges was 5.48 million 'Community' lag coming for weeklies VANCOUVER (CP) The Canadian Weekly Newspapers Association may change its name during its annual conven- tion which begins business ses- sions here Monday. Resolutions to be discussed at tb? three-day convention call for the adding of the word "community" to the associa- tion's name and the most likely name to evolve is Canadian ComnvM" Weekly Newspap- ers Association. The change of name is in- tended to emphasize the role of weekly newspapers in serving their local areas tnd to differ- entiate the local weekly news- papers from weekend supple- ments and specialized national weekly newspapers. The change is also intended to emphasize changes in the weekly newspaper field in the past few years. shares, compared with 7.52 mil- lion lust week. At Toronto, trading was light throughout the week. Monday, volume was the lightest of Ihe year at 1.31 million shares. Total volume for the week was 7.78 -nillion shares, up from millior- during the four trading sessions last week. The Toronto markets in- dustrial index, the prime indica- tor of market activity, rose 1.49 points during the week, closing at 189.68. Thursday, it jmatcd its fecond largest advance of the year, gaining 1.64 points. An.-LysL1; said active buying of issues which had been oversold during the market's recent de- cline was responsible for the ad- vance. I At New York, the Dow Jones industrial average of 30 key blue-chip stocks was up C.40 points (o 1156.01. The Dow recorded its sharpest advance since June 16, 1970, Thursday, climbing 12.63 points. DOLLAR DEPHESSES However, observers said weakening of the U.S. dollar on international money markets continued to have an adverse effect on the market. Renewed investor fears regarding inter- est rate increases by the coun- try's major banks also had a darnpe ung effect on prices. Volume at New York was 54.9 million shares, down from 60.72 million last week. Base metal issues continued to drift lower, as investors re- in i n pessimistic regarding major mining companies earn- ings. The Toronto base metal index dropped to a low for the year Thursday, but managed to re- cover part of its losses Friday. On. t' week, however, the index was down 145 points to 89.53. A drop in the price of gold on the London bullion market re- sulted in a corresponding de- cline in gold issues prices on Canadian markets. Tre Toronto market's gold index lost 1.18 KNfiUSIt LEAGUi; Division I Aisenal 3 Chelsea 0 Coventry 1 Stoke 1 Crystal P 2 Newcastle 0 Derby 2 Man United 2 lluddcrsfield 2 Leicester 2 Ipswich 0 Everton 0 Bond market donation? TORONTO (CP) Prices on the Canadian bond market were mixed in light trading this week. The short end of he market was largely unchanged, Mid- term issues were unchanged to lower by about one-quarter point. The long end f the mar- ket was stronger y about one- halt to one full point. Corporate issues gained about one-half point. There was a new issue Wednesday of million of Manitoba Hydro per cent bonds. These mature Sept. 15, 1991 and sold initially at o yield 8.55 per cent. Observers said the issue was well-re- ceived. At week's end it yielded between and 7s per cent. Midland Osier Securities Ltd., bond traders, said the reception of he new issue and the slight upward trend were "encourag- ing." Day-to-day oney was availa- ble at per cent while hree- and six-month treasury bills continued to trade at 4.01 and 4.27 per cent respectively. Liverpool 3 Notts F I Man. City 0 Leeds 1 Sheffield U 3 Southampton 1 West Ham 0 West Brom 1 Wolverh'pt'n 2 Tottenham 2 Division II Blackpool 4 Swindon 1 Bristol C 3 Millwall 3 Cardiff 2 Burnley 2 Carlisle 0 Preston 0 Charllon 1 Hull 0 Fulham 3 Watford 0 Luton 1 Norwich 1 Oxford 1 Orient 1 Portsmouth 2 Mid'sbro'h 1 Queen's PR 3 Sheffield 0 Sunderland 1 Birmingham 1 Division III Aston Villa 3 Plymouth 1 I Barnslcy 4 Walsall 2 Blackburn 2 Rotherham 1 j Bournemouth 3 Shrewsbury j j Bradford C 0 Swansea 2 Mansfield 0 Halifax 0 j Notts County 4 Rochdale 0 Oldham 2 Bolton 2 Port Vale 1 Brighton 1 Tfanmere 2 Wrexham 1 York 0 Bristol Rovers 0 j Division IV Aldershot 2 Workington 2 Barrow 0 Northampton 1 Bury 0 Brentford 2 Chester 1 Cambridge 1 Crewe 3 S'tockport 1 Doncasler 4 .Newport 2 Grimsby 4 Scunlhorpe 1 Harllepool 3 Reading 1 Lincoln 2 Colchester 0 Peterborough 2 Southend 0 Stmthport 4 Exeter 0 Darlington v s. Gillingliarn ppd. SCOTTISH CUP Aberdeen 1 Dundee t Albion 2 Stranraer 1 Alloa 3 Hamilton 0 Ayr 1 Mcilon 1 Berwick 2 Clydebank 2 Celtic 2 Rangers 0 Dumbarton 1 Stirling 1 Dundee U 1 Kilmarnock 0 Dunfermline 2 Airdrieonians 1 Falkirk 5 Clyde 2 Forfar 2 East Stirling 2 Hearts 1 St. Johnstone 1 Motherwell 0 Hibernian 3 Parlick 4 Arbroalh 0 Queen's PR 1 Cowdenbeath 0 2 East Fife 1 St. Mirren 4 Montrose 1 Toyota Travel Announcement NEW HEART FAILS SANTIAGO, Chile (AP) The last heart transplant survi- vor in Latin America, died Fri- day. Nelson Ore 11 an a, who would have been 24 in October, had completed almost three points during the week closing years of living with the trans- at 189.68. I planled heart. H. H. Smith Ltd. Customs Broker 263-80501 LETHBRIOGt COUTTS Phon. CON BARRETT Les Ingle, Fred Slory ond Pele Alsxander would like To welcome Con Barrell 10 Toyota Sales Team. Con has had over 25 experience in the aulomolive and is well qualified ID look afler all your needs. Con welcomes all his ifrends and acquaintances to drop out and view Ihe great line of Toy- ota automobiles. Skylark camp- ers ond trailers, Empress motor- homes and Rilicrafl mobilfl homes. Crossword T-Thclmcr E N V T ACROSS MORE THAN DOUBLE The price of in Argentina j has more than doubled during the last 18 months. 1 Asian seaparL 6 Aviates. 11 Vinegan- 16 Got up. 21 Hareh. 22 Ungulate. 23 Tropical fruit. 24 Pardon. 25 With 57, 62, arc1 132 Across, What Edward Lear has brought ui to, 29 Soap frame, 30 Moles. 31 Tennlc liar. 32 Glutted. 33 Former Rutiian rulers. 35 French coin. 37 Sliter of Clio. 40 Facility. 41 Hauls again. 14 Bilked. 1 2 Pain. 3 Angerf. 4 Chief mate. 5 Cool drink. 6 Riier. 7 Watering placet. A Armadillo. 9 Laundry equipment. 10 SuccesiBtgn en B'way. 11 Appends. 12 Hiding place. 13 Antithetic. 14 Light meal. 15 Serpent. 16 Italian river. 17 One cauae of revolution. ULadlet: coUoq. Ulke'a head- quarters in the field: abbr. 49 Assyrian diety. 51 Wectern collegian. 54 Hebrew lyre, 57 See 25-A. 60 Trigono- metric 62 See 25-A. 63 Highball ingredient 64 Fido. 65 Reiull of Inflation: bbr. 66 To human. 67 Woolly. 68 Noted Italian family, 69 Sharp oointed. 71 Tennlt 72 Mai 73 Seed holder. 74 Brooklet. 76 Label holder. 79 Furnitun style. 81 Harem room. 84 Zero. 85 French coin. 86 Sea blrdB capital. 110 Etymon. 112 Penny pincheri. Mere. 116 Place of wornhip. 119 Record. 120 Ketchet. 122 World War I crafli. 124 Nine or eleven. 126 Coral Island, BB Hebrew title. 128 Elia. 92 Dou 94 Garith. 96 Dry. 97 Strengthen. 98 Century plants. 99 See 25-A. Early viol 103 See 25-A. ICM Bog: rare, 105 Fat. TOo Admits 107 French commune. DOWN See 25-A. 137 Doze. 133 Kind of contract. 139 Weird, 140 Ebb and flow. 141 Mindf, 142 Mooned over, 143 Exclamation of dfitren. 144 Doublo curvet- 18 The end. 19 Fathen. 20 Chopin 26 Project! of the 27 Fine ileve. 28 RuBtfon name. 34 Sound of patalng car, 36 Roman courts. 38 Accumulate. 39 Polynesian deity. 41 Do the dishei again. 42 Kindred group. 43 They're either or too cold. 44 Scarf maker. 45 Chewy candy. 47 Type of cotmetic. 49 Abode of 75-0 50 Level on ihlp. 62 Reitraln. 53 San Obiipo. 15 Ready. 36 Riflht-hsnf! page. 58 Pronoun. 59 Youth organization member. fi1 Doff. 63 Coailert- 59 Wieldi. 70 Abandon. 72 Mongolians. 75 Bugs. 77 Cold wind. 78 Hen rooit. 80 With nothing between blanket and spring. 81 Khayyam, 82 Venetian 83 Sheik'i land. 87 Plant again- 89 Ringo, e.g, 90 Wallace hero. 91 Priicillaand John. R3 Boiling. fl4 Adore. 95 103Thlck hair. 114 Poplar. 97 Finnish. 109 Patriarch. 115 Ruaiian 99 Riding gear. Mater. diplomat. 100 Steered. 112 Source of 117 Up. 101 Scripture; noted statue. 118 Former 113 Ruptured. ihortitoo. 120 Mlsi Sonya. 125 Imprtissd. 121 Raga-to- 127 Automobile fichet equipment I29 Siamelo author. 123Municipall. tiec: abbr, coins. 120 Pout. 131 Head man. 133 Barrister'! degree, 131 Papal name. 135 Modernist 136 Born. Diagramless 15 -X 13, by Clara U. ACROSS 1 4 Child'! plaything. 7 Challenge. 8 Before. 9 11 Iniect eggi. Content." 20 Fear and wonder. 21 Sea eagle. 22 Eggt. 23 Decree. 25 Moilt. 26 Fondle. 27 Fold oven Crimion. 31 Self. H Like two pen 32 Unopenerf in a 17 Owing, i a debt. 10Dreii. 39 Small child. 41 Break in continuity. 4? Weight measure. 44 Age or period in time. Egg producer, 49 Wrath. so Put down, 51 Incline head. 53 Digit. 65 Kind of Martini. 60 Evict. 63 Writing Instrument. 04 Fragrant wood, 65 Kind of curve. 66 rug, Moom- 35 Male progeny. 56 Source 37 Soak flax. light. 38 Coniumed. 68 fruit. DOWN 1 Identical, 2 Crudo metaii 3 Keen desire. 4 Time In office. 5 Eaat. fi And still. 7 Canine. 10 Bjden-Baden. 40 Shredded. 12 Put an end to. 43 Require. 13 Shooting marbles. 15 Wise old bird. 16 Retailer. 17 The is on the rose. T9 In 7A Salary. 28 Kettle. 30 Period. 32Snck. 33 Salt Lake 3-1 Rely. 36 Kind of counter, M Makei glad. 45 Black birds. 46 Yea. 45 Neither, 56 Glaswegian CRYPTOGRAMS at snoahonean. 59 Zoo clown. 61 Triffic 62 High note. XH BPO SLOPWFU ST BPO FOX TOIOMNB STTWKO DGWRIWFU, XWB TSGFI MOI BNLO TSM MWDD8P KGBBWFU. By Barbara J. SnLTJTllWS OF UST TVEEK'5 FU7.Zr.FJ 7. SHRIEK ANKRT TfEE HATVHR1 FY TNXYUYA SFXYKX IF KYSFNYIKX ITYSUKYI AWiRT. By B..1.R. 3. CHAP ABDCLIIHA MUNDX FIIJY A M D U L PTJ1IYHJKBUF Bj TV. Minkin 4. E L C S T G E M N I, T C R X J L M D 7.1, A H M S T N X U D M Z L A FVY YUXUKFDXN U D RUN DLTAX. Week's Cryplogrumi lly S.1Y.M. 1. Election: JcaloiiR minority in Dearth of o fllnlhfnl majority. 2. Almiil Riihsidltii: Clever farmcrd of toriny, may kern "kncc-drcp In clovfr." 3. Would Miry know ctenoid means comhlikc wilhonl, HsinR Ilieir iinnhrldffod (ii clio nary? Field Enterprises, Inc., 1971 ;