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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 21, 1971, Lethbridge, Alberta tdlurday, Augult 21, THE LETHBRIDGE HERALD 23 Bond prices Supplied by Uohcny Iloadhouse and McCualg Bros. GOVERNMENT OF CANADA BONDS GOVERNMENT OF CANADA OUARANTtED BONDS Con. Mai. Bid 6 Apr 1, '71 Matured Sept. 1, '72 9S.80 100.00 5Vz% Oct. 1, '75 97.00 8 Jul. 1, '70 10G.50 107.50 W; Sept. 1 '113 82.75 83.50 Perp 3 Sept. 15 30.00 -10.00 Apr. 1. '75 100.00 101.00 Tit'-' Jul. 1, '75 i02.50 10.1.50 Sep. 1, '92 81.00 83.00 PBOVINCIAl AJberla IV Ontario 7 Ont Hyd 9 New Br 91 Nfld I) N. S. f Quebec 7: Alberta B Man Hyd (1 Sask Mid 91 ACT a Man Tel 8 '90 102.00 104.00 no.oo 92.00 '94 104 CO 'SO 107.00 74 99.00 10J.OO '92 84.00 '74 99.00 101.00 '90 102.00 '91 9G.OO '90 104.00 '90 103.00 74 100.00 74 100.00 98.00 Cdn HIM CMIIC av'- Gulf Oil Inter P P Massey Noranda Int Nickel N and C G SI of Cdn Tr Cdn P Tr Cdn P Alta G T Cons Gas o'.i'.i Scurry It Tr Cdn P 5 WC Tr C 514 ''D WC Tr 714 '.i Dynasty 7 ci Acklands '91 103.00 '90 103.00 '90 1M.OO '90 104.00 '00 102.00 '90 HM.OO '90 105.00 '91 105.00 '90 105.00 '90 105.00 '90 100.00 10600 100.00 10B.OO 107.00 107.110 100.00 '90 121.00 113. 110 '89 97.50 9930 '88 91.00 '89 92.00 94.00 '88 91.50 93.50 '91 H6.0U 118.00 '02 02.00 87.00 '88 75.00 00.00 INDUSTRIAL rilta G T 9'i': '90 104.00 106.00 Alcan 9V; '91 10500 B.C. For '92 102.00 104.00 B.C Tel '90 106.00 Bell Tel S'i't '79 105.00 107.00 Bell Tel '33 105.00 CPR 0-nV' '89 105.00 107.TO CP Sec SV" '90 102.00 104.00 Princess wins LONDON (APi Princess Anne Friday won the dressage event and led the field at the Eldridgc horse trials at Tun- bridge Wells. The performance gave the 21-year-old princess a good shot at a place on the Brit- ish learn for the European championships next month. DEVELOP CANCER Laboratory studies have produced evidence thai un- derfed rats develop cancerous tumors as often as those that are overfed. By Gene Fawcelle A DEVICE THAT LOOKS SCME- THIN 3 LIKE A TINY COMB ISTHE KEY TD A NEW ELECTRONIC CEflES PlCKlNS EVEN BY PROFESSIONALS. WHEW fKSESTEC1 :.V A SLOT NEXT TOTHE KCS Tt-E STRIKER CLiTS 15KELEASEP BE THE HOTEl WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience in Malting CALL AND ASK FOR LONG DISTANCE ZEnilh 0-7255 at no cost to you IVIERA MOTOR HOTEL 5359 Colonrv Trail Edmonton, Alborln Phono; (403) 434-3431 Tolcxi 037-2510 Prague tense on invasion anniversary PRAGUE (AP) Both the public and the pro-Soviet Com- munist regime appeared lo want lo avoid trouble and dem- onstrations today on the third anniversary of the Warsaw pact invasion of Czechoslovakia. A clandestine appeal for pas- sive protest in the form of a boycott of party newspaper and drinking places circulated but (lie result, if any, was liard to measure. Prague was full of foreign tourists and many Czechs left town for the week- end, including some known to have strong feelings against the continued presence of Soviet troops in their country. During the night, exactly tliree years ago after Russian tanks entered Prague, police en- tered bars and stopped pedestri- ans and cars to check identifica- tions and search baggage. Tlie action appeared aimed mainly at the city's youth, the gaudily- dressed and unemployed, and was similar to roundups on oilier selected weekends. There have been demonstra- tions or boycotts each Aug. 21 since 19BO, tot they have grown milder each year. The Communist-controlled press and radio for months have been hailing the 1868 military intervention as justified "friendly but today most broadcasts and news- papers ignored the issue. U.S. move spurs drop Prices are higher By PETEH LE1CI1NTTZ Canadian Press Staff Writer Uncertainties surrounding the continued progress of the Cana- dian economy, following an an- nouncement of severe economic policy changes by the United States, sent prices in all sectors of Canadian stock markets lower this week. In a surprise announcement Sunday, President Nixon an- nounced an extra duly of 10 per cent on imports entering the U.S. Industrial issues were Ihe hardest hit by the new duty. Beverage issues, in particular, suffered sharp declines. Major distillers in Canada export much of their product to the U.S. On the week, the Toronto bev- erage sub-index lost 13.59 points to 302.10. The Toronto industrial index was down 2.59 to 173.31, a low for Ihe year. Prices at New York sykrock- eted sharply higher in active trading in response to the an- nouncement. MO.NTHE.M, DItOPS On the Montreal and Cana- dian Exchanges the composite index lost .27 points, closing at I 177.99 Combined volume on the two exchanges was 5.75 million shares, compared with 5.48 mil- lion last week. Volume si Toronto was 8.03 million shares, up from 7.78 mil- lion last week. Gold issues on Canadian mar- kets dropped sharply lower, re- flecting the unstable situation on international bullion mar- kets. The U.S. announced it would no longer support gold at ?35 an ounce, a level it had maintained for 37 years. Trad- ing on bullion markets was ac- tive and prices dropped lower on the week. At Toronto, the gold index registered its flisipesl one-week decline of the points to 1BJ.7C. At New York Monday, the Dow Jones industrial average recorded its sharpest one-day adv'Jice, climbing points. Find body in field MONTREAL (CP) A body found Thursday in a field in east-end Montreal was identi- fied by police Friday as that of I Michel Joly, 23, murder suspect in the July slayings of two Cap de la Madeleine girls. Police said Joly had been dead for about one month be- fore children playing the area found his body. Police said he committed sui- cide. Joly was being sought in the July slaying of Chantal Cole, 11, and Carole Marchand, 12, who disappeared while blueberry- picking near their Cap de la Madeleine homes. Easy money ruins RCMP informer TORONTO (CP) The father of a Cornwall-area youth says his son's life was ruined be- cause he was a paid informer for the RCMP. The RCMP "praised him up and gave him more and more money and he got so it was eas- ier to be an informer than to the father said in a tele- phone interview from Cornwall. "He was Bating this apparent- ly-easy money instead of going to school and training for a de- cent job." The son's name was in a do- cument received Thursday by Dr. Morton Shulman, New Dem- ocratic member of the legisla- ture for High Park. The docu- ment purports to be part of an RCMP list of paid informers in eastern Ontario and New York State, stolen from the Long Sault RCMP detachment May G. Long Sault is a few miles west of Cornwall. Dr. Shulman said a man, whom he knows only as Mr. C., telephoned him last Monday and said he would send proof that the RCMP has teen-agers on its payroll. DENIED BY COVER In a television interview the j previous day, federal Solicitor- General Jean-Pierre Goyer said the force docs not. He also said the RCMP accepts information from teen-agers on a casual basis but notifies their parents if it happens more than twice. The Cornwall man said the RCMP never told him about their arrangement with his son. Volume Monday was also all-time high, with 31.72 roillioi shares changing hands. On the week, the Dow Jones industrial average closed at up 24.00 points. Observ- ers termed a minor decline late in the week "primarily profit- taking." Volume at New York was 105.27 million shares, up from 54.9 million last week. GAIN AT FIEST Oil and gas issues reacted fa- vorably lo the new U.S. eco- nomic policies. Raw materials are exempt from the new duty. One analyst termed the ex- emption "a shot in the arm for the Canadian resource indus- saying it was basically a vote of confidence for Canadian oil and gas exports. By mid-week, however, prices began turning lower, and on the week the Toronto western oil indeT was down 1.33 points to 234.12. Base-metal fi on bond market issues continued to move lower in slow trading. Tlie only encouraging news dur- ing the week was an announce- ment by Bethlehem Copper that it had made a major copper dis- covei-y on its Highland Valley j property in British However, the company said it was too early to determine the extent if the find The Toronto base metal index ?.s "PPosetl to in the closed lower on four of the five of_1970_ Pro- trading sessions. On Wednes- day, the index reached its low- est point since May 27. 1970, los- ing .64 points. A minor rally Friday recovered some of the losses and on the week the index dropped .49 to 89.04. TORONTO (CP) Prices on the Canadian bond market moved higher in motleratcly-aC' Live trading this week. The short-end of the market was stronger by three- quartcrs of n point. Mid-term is- si'.os gained about one point. The market's Jong end rose about Hi points and corporate issues gained about points. Dealers said lack of confi- dence in slocks, arising from re- cent United Slates government economic measures might be driving investors to the bond market. The success of the US. inti-inflalion actions might jring about a lowering of inter- est rates as these would no onger have to cover tlie depre- ciation caused by inflation. According to figures supplied iv Wood Gundy Ltd., Canadian government, provincial, munici- >al and corporate bond financ- ng for the month of July 1371 otallcd compared rilh in 1970. Government of Canada fi- nancing of over three years in came lo in The tirst seven months of the year saw tlie government's financing of over three years' duration come to lie offering of million of sinking fund debentures. These would mature Sept. 1, 1990 and be redeemed alter Sept. 1, 1936, These debentures will be offered for sale in New York, The Quebec government's utility, Hydro-Quebec, borrowed 100 million Germajv marks on the European money market Wednesday. Interest on the loan, equivalent to about million U.S. will begin to be paid Sept. 1, 1971. Zeller's Ltd. has filed a pros- pectus with various Canadian securities commissions related to the offer of SI 2 million of de- bentures. These will mature in 1991 and are expected to be put on sale late in August. vmcial financing came to in July and for the first seven months of the year. Seven months into provincial bond issues totalled Municipal financing came to in July and S270.036.C57 for the first seven months of the year. It amounted to in the January to July spread last year. Corporate bond financing totalled in July. It to- talled for the first 15 cents; class B, 15 cents: 4'i seven months of 1371 and for the same period Dividends By THE CANADIAN PRESS Traders Group Ltd., class A, per cent pfd, series A, 51.12; five per cent pfd., 50 cents; five per cent pfd, series A, Record crops on ihe way says Federal WINNIPEG above- average harvest of all prairie crops is expected, Federal Grain Ltd. has reported. The prairie-wide company said in a statement moisture supplies are generally good and crops are maturing well aJ- though some are later than normal. The company said the prairie rape-seed harvest is expected to Ire the largest in Canadian his- tory in spite of extensive dam- age by Bertha Army Worms in Saskatchewan and Alberta crops. yome sections of Saskatche- wan and AJberta have experi- enced drought, hail and weed infestation. Tile Saskatchewan sunflowei crop is expected to be tin province's largest. FIRST IN SALES! FIRST TO ARRIVE! 1972 TOYOTAS JAPAN'S NO. 1 IMPORT ON DISPLAY NOW TOYOTA TRAVEL CENTRE Coulll Highway PHONE 327-3165 in 1970. Tlie New Brvaswick govern- ment filed a registration state- pfd., series B, 54 mcnt Friday the s cents; all payable Oct. 1, rec-1 curities and Exchange Commis- ord Eepl. 7. sion to cover the proposed pub- 600 SQUARE FEET OF MODERN AIR-CONDITIONED OFFICE SPACE AVAILABLE IN NEW BUILDING All Utilities and Janilor Service Provided. Suitable tor Ona or Mora Officfll. REASONABLE RENT- Apply MANAGER 1003 5th Avenue S., Phone 328-4426 Farmers hit by U.S. surtax OTTAWA (CP) With 66 per cent of Canadian agricultural jrcducls expected to he affected by the 10-pcr-cenl surtax on im- by the United Slates, Ihe cderal agriculture department las undertaken to explain what t can mean lo Canadian farm- :rs. The department has circu- atcd a detailed guide to provin- cial agriculture departments, national farm organizations, marketing boards, national commodity councils and similar irganizations to forewarn them if possible effects of the U.S. in- liative. j The only exportable agricul- tural products that will not be affected, says (he circular, are tlie in per cent now imported free of duly by tbe U.S., Ihe 13 cent exempt from duly bu- cause of quota requiremenls and the two per cent for which the most-favorcd-nafion rale is the same as the general tariff rate. Til a release. Agriculture Min- isler II. A. Olson says Iliere is "great concern and uncertainty concerning interpretation and application of the "While obviously there is great concern throughout all segments of the economy." he said, "perhaps il is greatest in lire agricultural field because of the perishable nature of agricul- tural products." Tolal 1970 Canadian exports to the United States were 510 bil- lion of which agriculture repre- sented million. Of this million, the department esti- mated S219 million will be af- fected by the new surtax. Tlie document noles Uiat effective Aug. 15 goods slapped, even when contracts had bsen signed previously, would be lia- ble to the new surtax. By Lucile H. BOWCM HUES AND. SHADES ACROSS SCHWARTZ AGENCIES APPOINTMENT H. H. Smith Lid. Customs Broker COUTTS 1 "Cheer" dispenser, 7 Highest kind of worship. 13 Kingfi'sli. 17 Newly brilliant Gtar. 21 With melodic intonation. 22 Ohio city. 23 Pollywoff genus. 24 Lyric petmi. 25 Oowardly traits. 27 Hale and hearty. 29 Transaction. 30 Suffix for habit or fix. 31 Sky sights according ID some. 33 Take to court again. 34 A chromo- Gome. 35 Bactrian. 37 Reproached. 39 Gypsy carriers. 43 Title of Frost poem- 45 journey. 1 Certain horses. 2 Space. 3 Narrow moon valley. 4 Breakwater. C Honshu peak. E Modern times. 7 Residents or S. America. B Going at a certain pace. 9 and there. 10 Fed, agency. 11 Cuttlefish camouflage. 12 Appropriate. 46 Former Navy issue. 47 PIJIS on 4BPtlleti. 51 V-shaped parapets. 52 Son of Hen. 53 Subject of many newi items. 56 An unsightly thing. 67 Growing 58 One who can't keep a secret. 59 Exert power. GO A tout a 61 Radius companion. 62 Part of a Betty Smith title. 63 Poelic weather word. 64 Moon goddess. 65 Concorde, for one: iniL 66 Supposed help to gardeners. 65 Conducted an illegal B'way deaT. 69 Kind of argument. 71 NeiQhbor. of Kiowa. 72 Attack by a single plane. 73 Workshop. 75 Not made by derty In song. 79 Org. for artists and architects. 82 Ballpoint accessory. S3 Bent. 84 Disintegrate. 85 Frances WiMard org. 86 One kind of eyes. S7 Deplore. BB El prlmem mes. B9 Bake eggs. 90 Fairy tala word. 91 and bobtail. 92 Try. 93 Scottish municipal magistrate. 94 East Sussex town. 95 Gandhi garment. DOWN 13 Robinson or Powell. 14 Maneuvers camera. 15 MyrmicJd, 16 Interjection. 17 Frequent condition In rental ads. 18 Burns, e.g. "f9 Change, of 20 Queried. 26 Cabinet member. 28 Iroquoians. 32 Month: abbr. 34 Great and Terrible. 36 Harmony of a kind. 36See32-D. 37 A toy, for short, 38 Telegram. Chrisli, 40 Anoints: obs. 41 Choleric. 42 City In Turkey. 43 Special higher rank. 44 Poker term. 48 Editor. 49 Endured. 50 Spirited mount. 96 School orgs. 97 Low wall between Roman columns. 98 Conceals faults of. 102 Avast and ahoy, e.0. 103 Legal processes. instruments. 107 Government program. 108 Wreath: her. 109 S. Amer. spotted rodent, 110 Dodge, 111 Buster's best frlenc. 115 Berlin title. 113 Burden- some possession. 122 Pale and brown. 123 Oriental outcasts. 12-JLighter- 125 Navy clerk. 125 Kind of reply. 128 Longs. 129 Mistakes. 52 Told a secret. 53 Shade of pink. 54 Greeley's paper, for short. 55 Peri ph cries1. 56 Noted trial lawyer. 58 Guide. 60 Warms. 62 Soviet commune. 63 Sharper: collon. 64Small stone: Brit. EG With merriment. 67 Doing a gar- den chore. 68 Part of a lira. 70 To .suppress. 72 Fun. 73 Ann 74 Bikini of sing. 75 Sate. 76 avis. 77 Troy escapee, 73 Importune. 80 Cavity: zool. 81 83 85 Honest: si. B7 Places of trade. SaDlmunJUvs suffixes. 89 Cooking direction. 91 Sadie was in itl 93 Mouse. 95 Sabots. 96 Advanced degree. SB Most calculating. 17 x 17, Frnncos G. llrowii ACROSS GREG FORSrTH Schwarlz Agencies Ltd. are olcascd lo announce the appoint- rnenl of Gren Forsyth to Iheir Real Esltile Sale! slnff. Grea has resided in Lcl'ibridac I for over 15 years, having at- tended public schools and Iho Community College here and also spent 1 years at Indiana Slale University in U.S.A. Ho has been in the real cslalo licld for seven months and wel- comes his many frionds and acguainlanccs lo discuss thoir real esfato with him. Phone Grca at 328-3331 or Res. 327.0872, 1 Subject. 20 Sire. 6 He.ith. 21 Small cases 7 for personal Sl-.itlier, In objects. Syrian 22 Being churches. concerned. 12 Metric 23 Remain, measures. Tilled Iho 16 Cereal. soil. 17 Spartan 26 Turn Inside- serf- out, 16 Overlooks, 28 Hold in an from a custody, 31 si. 35 Make well- disposed. 36 Proportion. 39 Objects of rnre quality. 40 All living 1 Wwming mountain. 2 Mountain nymph. 3 Liquid 13 Mass of metal. 4-1 Personal 45 Sea eagle. 46 Barnyard sound. 47 Weapon. 19 Written decree by Moslem ruler. 50 Observed. 4 Cool. E Spiteful woman. 5 Bird's penthouse. 9 Mix lightly. 10 Deep, resonant sound. 11 Siamese pewter coin. 12 Heroic pilot. 13 Decay. birds. 15 Was struck. 17 Damage. ID King of Judah. 20 Fcstivs occassion. 22 Vehicle. 24 Periods of time. 25 Marsh. 27 Vitality. 23 Mournful song. 25 Prevent legally. 30 Tense, 32 Parrot. 33 French delicacy. 34 Much ada. 35 Eat. 37 Charged atom( 38 Unit. 99 European food fish. 100 Govt. agency. 101 Saint Lawrence, e.g. 102 Those in ecpionage, 103 Baseball term. 39 Big shot: abbr. 4JConfldencfl man. 10-lPhlllipinE wind. 105 More authentic. 10? Lustre. 109 One of the pomeB. 110 Enliven. 111 Son of Odin. 112 Medicine: Gr. 113 Intel. 114 Peak en Sicily. 11C Small barrel. 117 Japaneifl Admir.l. 119 Hurry. 120 Maicullng name. 121 se. 41 Charlei English novelist: 1314-1884. 42 Sinned. 47 Traniorel- alon. 48 Golf teacher. CRYPTOGRAMS S01.WONS OF IAST TEEK'S -PUZZLES College Mall LETHBRIDGI 1. "niDAD ON OK" OR "HIDAD ON'R UN" NID "PUNR" BUM HONI EDTJN SONDAUAM SOPDEPD. BrLlLSg SOCIETTY TIIYATTC BIAANUX SCNUXF GITGDI NUYT ETBDTDFLNG DNYL UOYItCI. ByI.M.8. 3. ZWN GXNAVZE GT VUG UZIUBEI VEABN GIN TESIl THRVZYGWRE. By Henry Gelmu -J.PRYXIHXK GLII.nDRWBXL CHIP OK IOTB ByH.O. GXWWOZC DnZO.BK 05! R YRZV. Lnst Week's Cryptograms 1. At (ho opening of the, new federal office buildinir, wit found red lipe for 2. Cnsdo Riicst fil! nfrhast on turning corner (o anclenl Khost 3. Mont shnmnoos clean your scalp IhrouRhly enough. 4. Good junV sought (o enforce justice for all lilicanls in his court. Field Eulcrpriecj, Inc., 1971 ;