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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 6, 1971, Lethbridge, Alberta Saturday, February THI IETHMIDGE 5 21 Government to cut north Metis welfare payments Business Briefs EXCHANGE SHOWS PROFIT Harry W. Andrews, re-elected chairman of the board of man- agement of the Canadian Stock Exchange, said yesterday in Montreal the exchange a modest profit of in 1970, compared with a loss of in 1967. During 1967 costs were split on a 60-JO basis with the Montreal Stock Exchange. Now the Montreal exchange pays 75 per cent. FORD SALES SLOW January sales figures re- leased recently in Oakville, Ont. by Ford of Canada reflect continuing slow sales and sharp switch to smaller cars. Ford dealers sold ears during the month, down 12.5 per cent from January of 1969. But sales of small cars totalled units, up 16.7 per cent from a year ago. CUT DIVIDEND Great Lakes Paper Co. re- ports a drop in profit for 1970 and has cut its dividend rate Earnings dropped more than 13 per cent to or a share during 1970, down from or a share in 1969. Directors at Thunder Bay Ont, declared a quarterly divi- dend of 20 cents a share, paya ble April 1 to shareholders o record March 3. The previous dividend rate was 25 cents a share, in effect since 1964. EARNINGS DOWN The Mutual Life Assurance Co. of Canada reports net earn ings of million for 1970, compared with million for the previous year. The annual meeting Thursday at Waterloo, Ont., was told larger amounts were set aside for taxes because of new tax regulations which may need clarification. DOW NAMES NRW HEAD Dow Chemical Co. of Midland, Mich., named C. Benson Branch as president and chief executive officer recently. He replaces H. D. Doan, who announced he was retiring from the presi- dency immediately. AVON PAYS DIVIDEND A quarterly dividend of 2714 cents a share was declared recently by Avon Products Inc., which claims to be the world's largest manufacturer and distributor of cosmetics and toiletries. The dividend is paya- ble March 1 to stockholders of record Feb. 17. H. H. Smith Ltd. Customs Broker coins 3444m EDMONTON (CP) Tne rovincial government is not een covered by aircraft in the search for a light plane miss- ng in northern Alberta since Jan. 26, a Canadian Forces spokesman said today. The Cessna 170 disappeared on a 350-mile flight from Bin on, 180 miles west of Edmon ;on, to Fort McMurray, 225 miles northeast of Edmonton It was piloted by Bob Bergeron of Fort McMurray. TORONTO (CP) Heavy selling continued to dominate he Canadian bond market as prices continued to drop in mod- srate trading this week. It was ht third consecutive week of declining prices. The short-end of the market lost as much as 40 cents while mid-term bonds dropped about three-quarters of a point. Long-term issues were off about IVz points and corporate bonds tost over two points. One dealer said "many retail buyers bought into the market at the end of the bullish trend of last month and DOW are selling out at a loss." NEED NEW MONEY A heavy corporate calender is expected during the next two weeks and many dealers fear that unless new money brought into the market there will be a large number of un- sold issues which wfll force prices even lower. Falconbridge Nickel Mines came to market with a mil- lion issue Tuesday. The bonds carry a 7% per cent coupon anc mature Feb. The issue sold at to yield 7.80 per cent Dealers said the issue sold slowly. Day-to-day money throughout the week at 554 per cent with some dealers going to the Bank of Canada for funds on Tuesday. Three- and sk-month treasury bills traded at 4.84 and 4.99 per cent, respectively. Little trend in week By ART JOHNSON Canadian Press Staff Writer A flurry of speculative buying in western oil issues Thursday added a dash of excitement to otherwise dull Canadian stack markets this week. The Toronto stock market's western oil index shot up more Bond prices Supplied by Doberty Roadhouse and McCualg Brof. GOVERNMENT Or CANADA IONDI OOVlDNMENt Or CANADA 8UA.tA.rmiD lONDt 8 k.t. Itsry. Apr. 1, Sept. 1, Oct. 1, Jly. 1, Sept. 1, Oct. 1, Apr. 1, Jul. 1, '71 99.75 100.55 '72 98.73 99.55 '75 99.25 100.50 '78 108.25 109.75 '83 82.50 84.00 '86 109.75 111.25 '75 102.25 103.75 '75 105.75 107.25 Ontario 7 Alberta '88 98.7S 100.25 '90 110.75 113.25 Man Hyd 9 '90 109.75 Sask '88 98.75 ACT 8 '74 102.75 Man Tel 8 '74 102.75 INDUSTtlAl 7Y4% Children banned PARIS (Reuter) Children have been banned from the in- ternational toy fair opening here Feb. 14, the organizers said Fri- day. The toys from 20 countries were not on show for fun, they added. Abitibi Wi% '87 89.75 93.25 Abitibi '90 105.75 108.25 Alta Gas '90 106.75 109.25 B. C. Tel SVa% '90 105.75 103.25 Bell Cdn 9 '89 106.75 105.25 CP Sec 9V4% '90 104.75 106.25 Gulf Cdn 8V4% '89 104.25 105.75 Hud B A '89 105.75 108.25 Imp Oil 814% '89 104.75 106.25 Int Nick m% '90 106.75 109.25 Indust Ac 9tt% '92 105.75 Labatt '90 104.75 107.25 Massey F '80 100.75 103.2a Nonmda Wi% '90 105.75 108.25 North C '91 103.75 106.2: Roynat '78 104.75 Simpsons 9K% '89 104.75 107.2o Sear Ac '90 105.75 108.2o Traders 914% '90 103.50 104.5 Tr Cdn P 10% '90 105.75 108.2 coNvmnui Acklands 714% '88 81.75 86.2 Alta G T 714% '90 118.75 123.2 Cons Gas 514% '89 97.75 100.2 Dynasty 7 '87 64.75 75.2, SCUT Rain '88 95.75 98.2 Tr Cdn P 5 '89 89.75 92.2s jan five points Thursday after-won amid apparently the Montreal and Canadian exchanges, the composite index founded speculation of an .67 to 175.89. in Canada's volume was 7.57 The Toronto market's shires, compared with umover jumped to more million last week. tiree million shares outnumbered losses 2CS "hursday's session, which 175 with 87 issues unchanged. he busiest since late only other bright spot on of last was golds. The Toronto But officials of Sun Oil gold index gained and Panarctic Oils Ltd. points to 176.17; apparently rumors of an oil discovery analysts because of rising markets had closed Thursday. Panarctic is a prices on world markets. The Toronto market's base ormed by government and index gained 2.18 points dustry to promote 94.37. n the Resource exploration and velopment stocks which shot upward Thursday lost part of crisis advance during Friday's sion. One issue, Dominion ends ers Ltd., a mining and development company with interest in oil acreages on Arctic islands, traded more than shares on the Toronto market Thursday, or about 10 per cent of the session's total (Reuter) Striking fuel-tanker drivers of the Shell group were back at work today, ending a gasoline shortage which threatened to bring London bus services to a halt this Action was slow in industrial ssues on Canadian markets. The Toronto market's industrial ndex, a key indicator of activity, was .06 of a point lower, at 178.12 at the end of the The 750 drivers, who went on unofficial strike for a pay increase Monday, agreed at a meeting with Shell-Mex and BP executives Friday to call off their walkout. New York's Wall Street the terms of a better showing. The were not came Jones average of 30 blue-chip industrial issues rose 8.14 points to 876.57. Volume was the city's transport authorities were reducing bus services. Motorists lining up at gas sta- million shares at the New found that many of them Stock Exchange; making it run dry. busiest week on strike also hit thousands Toronto's volume improved offices, homes using oil-fired 14.65 million shares from heating. More than 100 million last closed. MANAGER LUMBER AND BUILDING MATERIALS Mutt be experienced in Sales and all Phases operating a modern Building Materials Salary negotiable all fringe benefits availabiet lion Plan, Medicare, Insurance, This is a good opportunity for the right Please don't apply un ess For further particulars apply W. G. McAndrews General Red Deer Co-op 51 1 8 47th Avenue RED DEER, Phone CrOSSWOrd By Jennie temmo TO THE tADIES! 1 Disc jockey's demiln. 6 Outdo. 10 Armed 15 Belli. 21 Circumvent. 22 One of Athena'a titles. 24 Suit fabric. 25 More terrible. 26 Fishman's best teller "My 29 "Dluff King 30 "Separatl Tablet" Oscar winner. 31 Lady Peel. 32 Patron saint of Brittany. 33 Slanting. 36 Anecdote collection. 37 Grayish In color. 39 Extreme. 41 Noun suffix. 1 Cardinal's symbol. 2 Navigate the air. 3 Hudson movie. 4 Cyprlnold fish. 6 Contraction. 6 Disrepute. 7 Arthurian lady. 8 African wildcat. 9 Falsehood. 10 Chinese dynasty. 11 Blighter's patrle. 12 Foment. 42 Voice. 43 Honey: phar. 44 Fcrk prong. V, Vapid. 47 Sphere. 49 Territory. 50 Source. 52 Courteous. 54 Leg. 56 Burst of cheers. 57 Craze. 61 Blue-pencil. 62 Phase. 64 Fish sauce. 65 Captain of the Pequod. 66 Applegate'fi temptress. 67 Useful 68 Teeth! Fr. 69 Contribute. 71 Threefold: comb. form. 72 Quality horse. 73 Robust. 74 Some musicians. 75 Emitted beams. ACROSS Hill. 77 Play for time. 78 County in Ulster. 81 Golf term, prize. 83 Plethora. 86 87 Eared. 88 Heroism. 89 Sailor. 90 Stone monument. 91 Money: si. 109 Llktly. 111 Lateen and lug. 114 Alfonso's queen. 115 Arab wrap. 116 Meaning. 117 By way of. 118 Winter hazard. 119 German river. 121 Hammed it up. 123 93 Spanish city. 125 Average. 94 French 126 At 7-Down priest. was called. 95 Nevada city. 129 British film 96 Discovery. >Ur. 97 Honored 1ST Accustom! with a party. to: var. 18 Most grimly 132 Italian humorous. Helen. lOOWaikiki 133 Drivel, femme. 134 Mountain 102 Dullard. ridge. 103 Short drink. 135 Iterate. 136Typeof gloria, etc. 107 "Here again." 108 Male voice. fortress. 137 Heavy blow: >l. 13! Stupefy. DOWN 13 Frivolous. 38 Join. 14 Sesame: var. 15 Popular song since 1925. 16 Fashion. 17 Tribunal of the papal curia. 18 put in a. row: var. 19 Late comic 20 Scoffing. 27 Immediate. 28 Roman Qoddess. 34 Humbert Humbert's hang-up. 35 Jogging gait. colloq. 45 64 Alloy-coated sheet iron. 68 Hoedown. 70 Lazily. 48 Classic fairy 72 Wise. tale. 49 Spike the punch, to vyingdlng. 51 Journey, 52 Hide. 53 Fragrance. 54 Caught sight of. 55 Maintained. 56 Arenaceous. 58 Pardon mel 59 Mountain defile. CO Black: poet. 63 Inure. 73Duvillir's stronghold. 74 Tolerated. 75 Display again. 76 Blaze. 77 Repaired shoes. 78 Valley. 79 Russian city. 80 Slight cut. 81 Eydle'i mate. 82 Trout le: Eoet overs. S4 Auricles. 85 Encourage. 87 University of Maine lite. d Ballot 8} Helix. 92 Japanese paper fold' Ing art. 83 Most succinct 17 Compose! 99 Rough bark. 105 Arow. 101 Mllkflsh. 106 Evoke. 102 Largo 108 Com- handker- plained: il. chief: vai. 105 Beginner. 104 Coat of size. c.g. 109 Frankie 120 "Jano 110 Blackboard, 122 European 112 Shed. 124 Fuss. 113 Italian 127 My: Lab strada. RemOj 116 Fur garment. Italy. Diagramless 21 x 21, by Bert Beaman ACROSS 1 Jewelry Item. 31 Real. E Rebuke. 32 Experienced 9 Cupid. 10 Edible tropical root. 11 So longl 12 Small bit. morgana. 20 State: abbr. 21 Agree with. 22 Hebrew month. 23 Ancient hunting dog. 24 Alaskan city. 25 Thin ice. one: abbr. 33 Cuckoos. 34 Like: suff. 35 Irritates. 37 Gremlin. 38 Consume. 39 Busy: Scot, var. 40 Pekoe, e.rj. i 41 Hold aside. 44 Sincere. 47 Pair. 48 Suffer: Scot. 49 Latin noun case: abbr. S3 Dare: 51 Death: Uses 53 64 Is 57 Want 61 "My Farm 62 Stips.l a sort. 65 Outfit playwright. 4 81 Green Patriotic group: 66 Kit Fruit _ for S3 (7 68 70 Pro 19 Buffalo's Asian relative. Rebel. 27 Certain golf term. 28 African river. 45 English 29 Combine. author. 30 French city. 46 Staircase 35 Competitions. post. 26 Nighttime phenomenon. 42 Dutch 63 Soak cheeses. completely. green: 54 Slowpoke. 65 Choice part 66Rye fungus. 68 Kind of beaver. 59 Fouled up. CKYPTOGRAHS Adolescent youth. 63 Cross. 69 Splendor. 71 Take out 73 Born. 74 Direction: nbbr. 75 Land east of Eden. 129 Hick. 130 Land measure. 76 Understand: colloq, 77 Radar sound. 78 Finnish verse. 79 Seaweed. 83 Solo. 84 Opposite of filly. 85 Joint DNINFOBM SNfiEK HOBGML KBDH JKHMESDTTH RJOKNBSM, KALORI KBDH ADDL TJNR'K BMLGOEOFML. by Harbin J. Ban SOLUTIONS OF LAST TFEEK'S EOZZLES cisi liinnnnn rnriirnnn nii liinninn nnrs nnnBrnRl Einnta HnranriH nnrnn nirinin nranHH nnra nnral aaaaa UDIIJH oBEn aaniii anaannH noil lannnnirarn nnciE DJQD Ilina HHD EJLHIsdEi DEEIflUlfll 9019139 SODBD0 QQBL1 I iainia afaiaiiB GIUOHCJ HGHHBI luOlU HUUUGL UQEIIilU UCJLJUUl Haa 13UI3H UHLslH HUDBBl CLOSED KWFMQ GXBLTTOWK HOAR HOACQ.- FSQQWE DOAMEKGAD. bjHenryGelmu 3. CKHLDKX FXGFDKLN VGXKZHNL VBLBXK ZPHTSKN COLD SHQSKLN HTO. LXKF 0 Q.H L 0 GT. by Henry Gelmift List Week's Cryptograms, I. Proud owner pits large pedigree tog who had won two blue ribbons. i. 2. Old sot sits In bar to argnc and guzzle booze. [I 3. Anxious Manx missed mouse. 11 4. Too old owl wooed owlet Field Enterprises, Inc., 1971 ;