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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 18, 1970, Lethbridge, Alberta Friday, December IB, 1970 THE IETHBRIDGE HERAID _ 19 For Happy Feasting! .2 gamble is bad debt This is the time of year when you keep one eye on the clock wondering how to stretch the hours to get everything done. Why not let us help? We're ready with a fabulous selection of the many things you can buy ahead for the festive season. Plus good things for delicious. easy meals during the pre-holiday rush! By the way, be sure to see the many wonderful gift ideas we have to offer M Cheddar Cheese Ground Coffee Raisin Bread Pk9 LONDON (RouterI The London silver market was shaken Thursday when it be- came known thai a .speculator had lost a ?7.2 million gamble and is unable to selUe. The lost gamble beeame public when Johnson one of London's biggest bul- lion dealers, disclosed that it stands to lose at least S7.2 million because of Die spec- ulator's gamble which flopped lias become a bad debt. Silver is a metal widely used by speculators who gam- bin on price increase's. Such de-ils are normally made on Llie basis of future delivery and only a small part of the cost, is paid ifie deal is agreod. In keeping with Uie tradi- tional secrecy of the silver market, the name of the gam- bler who lost not been disclosed. Nor has any explanation been given officially of what happened, apart from a state- ment by Johnson Mai they that the customer had been unable to honor his commitments 10 buy over the next year, 'Hie star! of the story goes back to U'Go when silver was selling at a peak price of U.S. an oiuice. Then it .started dropping sank to below Earlier this year, after some forecasts that the price might well start rising again, there was more buying. But instead the decline has contin- ued until Thursday it was down to just over As the price has fallen day after day, there have been re- ports on the markets in I.-on- Oiraj'o and N'tnv York of" some heavy selling by ihfilors anxious' to get out, bul not before some of them had suffered heavy losses. The big loss disclosed Thursday could spark more mass selling, but market sources here believe this nor likely (o happen immedi- ately as a sudden flooding of. the market would make mat- ters even worse for those who wani to sell. fragment. All Flavours, 28-fl. o. bottle Mother killed in giuibatlle at court With o TOYOTA Luceme' Peppermint Candy, Holiday Fruit and Many Other Flavours 3 pint carton Jl. Jl. MM, I _r UZIlll WlCUlli Sliced Pineapple 4 1 _2: I IIIIIIVVlllVUl Stuffed Olives Potato Chips EmP-ress Premium Quality 44floziar 0 Tender-Tempting Turkeys from Safeway Pineerest Brand jm Turkeys Turkeys Canada Grade A Frozen Young Hens and Toms 12-22 IBs. avge, lb. Pineerest, Canada Frozen, Canada Grade A Ysung Toms, Over 22 VlflA OIUC I 111 If VllUVll llUIIOi Manor House Brand, Canada Grade A, Frozen, Young Hens, 14-16 Ibs, Average Maple leaf, Rindiess, Side, vacuum Packed Mi, pkg, Ful1 Cljl- Choke CanodoGoodBaef Ib Fresh Japanese II By the !b, box B.C. Apples Fresh Spartans, Canada Fancy Grade PRICES EFFECTIVE in Lethbridge Stores Dec, 18-19 WE RESERVE THE RIGHT TO LIMIT QUANTITIES SAFEWAY 45C 53' 79' 57' 2-47 2i29c YOUNGSTOWN, Olno (AP) A woman was shot to death j yesterday in a girabattle with police outside acourtroom where her son had just been sentenced to 30 days in jail for breaking into a locked auto. Police said the mother, Min- nie Jewel Johnson, 39, emptied her six-shot revolver at officers leading her 18-year-old son Leroy Moseley away. Patrol- man Norbert Smith, 42, was slightly wounded. Moseley, being led to his cell, was permitted to go to a rest- room and began walking in an- other direction. A scuffle began, Mrs. Jobison walked into the corridor, saw it, drew the gun and fired at the officers. She was fatally wounded in the neck by Patrolman Francis Gallagher after she had refused orders to drop the gun, police said. ftvif -ia TO HEAD DRAFT RICHMOND, Va. (AP) Er- nest D. Fears Jr., director of athletics and assistant professor at Norfolk State College, was named Wednesday director of Virginia's selective service sys- first black ever to be named director in any of the 50 states. The appointment of the 38-y e a r -o 1 d Fears was an- nounced in Washington and by the office of Virginia Gov, Lin- wood Helton. W i? No Charge for Grip Tires Block Heater Whitewall Tires We will play W Santa Claus and pf deliver Christmas gift wrapped! TOYOTA RAVE Located at Genera! Farm Supplies CENTRE Phone 327-3165 jf Welcome to Heidelber The sparkling new beer from Carl ing, Cool brewed from the choicest hops and malt and pure Rocky Mountain spring water Welcome !o Heidelberg Beer. A bright sparkling beer brewed from pure nalural Rocky Mountain spring water. The (inesl golden barley malt. And the choicest British Columbia and high prime Hallertau hops. Heidelberg Beer is cool brewed, lor your enjoy- ment, by the brewmaster at Carling who carries on tradition of skill and craftsmanship of over 130 years in Canadian brewing. Heidelberg Beer is so bright, so lively and so brimful of flavor it brings a fresh new feeling to your drinking pleasure. Give a welcome to a cold glass of Heidelbera today. It's a welcome that never wears out because every Heidelberg is as crisp and as satisfying as the first. FINE QUALITY BEER The sparkling new beer in the distinctive keg ;