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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 14, 1973, Lethbridge, Alberta 32 - THE LETHBRIDGE HERALD _ Wednesday, February 14, 1973 Parti Quebecois leader Rene Levesque says tensions have existed in the party since it was founded almost five years ago. They have been more evident recently in the cases of Pierre Bourgault, Claude Charron and Pierre Marois. Mr. Bourgault, former leader of the now-defunct Rassemble-ment pour l'lndependanee Na-tionale, has announced his retirement from active politics and the Parti Quebecois executive. Mr. Bourgault had said it was his mission to represent left-wing elements of the party when he became a member of its executive two years ago. He has accused Mr. Levesque of hiding the most radical challenges of Quebec independence for election purposes. Mr. Charron, 26, member of tha Quebec national assembly for Montreal St. Jacques, has criticized both the party and Mr. Levesque for "timidity" in tteir involvement with the people. * * * A 7S-year-old Kitchener woman plans to ask Cuban Premier Fidel Castro to release her son jailed in 1963 for 30 years on espionage charges. Genevieve Lippert, now in tailing health, said she will write to Premier Castro and 'on sympathetic grounds I think Mr. Castro will listen . . . he has the power to let me see my son again." Her son, Ronald Lippert, 40, pleaded guilty Oct. 24, 1963, to a charge of attempting to smuggle arms into Cuba for the U.S. Central Intelligence Agency. * * * Robert C. Hollingsworth, a Dative of Toronto, has been elected president of Royal Crown Cola Co., International, the comiptny announced. Hollingsworth joined the company in 1971. He previously worked with Coca Cola of Canada Ltd., Pepsi Cola of Canada Ltd. and Canada Vending Supply Co. Ltd. * *  A convicted aircraft hijacker RENE LEVESQUE . . . tensions in camp t---- who collected $450,000 in ransom before surrendering voluntarily was sentenced in San Francisco to 30 years in federal prison. Francis Michael Goodell, 21, a soldier from Manassas, Va., was sentenced to 25 years for aircraft piracy and five years for using firearms to commit a felony, with the sentences to run consecutively. Goodell boarded a Southwest Airlines plane en route from Oakland to Sacramento July 6, and commandeered it at gunpoint. � *  U.S. Vice President Spiro T. Agnew says the United States must be "particularly hard and tough" on deserters who fled to avoid service in Vietnam. "It almost makes one ill to hear about how deserters say they fled from an immoral war," Agnew told about 200 persons at a Republican dinner in Los Angeles. He said his feelings on amnesty were reaffirmed when he watched the first U.S. prisoners ot war arrive at Clark Air Base in the Philippines. " "Those are the men who are the heroes of the war, not those who fled from their duty," Agnew said. "We must be particularly hard and tough in our treatment of desserters. Preferred shares best security TORONTO (CP) - Although experts agree there is never a "sure thing" when it comes to stock market investing, many feel preferred shares offer the best form of 6ecurity. The preferred share, as its name indicates, entitles holders to certain privileges not extended to common shareholders. For example, dividends on preferred shares are awarded at a pre-determined rate before any payments to holders of common shares. In the event a company Is financially unable to pay dividends, payments on accumulative preferred shares build up and must be paid before any profits can be distributed to common shareholders. Savage storm rages REYKJAVIK (Reuter) - One of the most savage Arctic blizzards in many years continued to rage over Iceland todav, blocking roads, cutting power and telephone lines and impeding salvage work from a recent volcanic eruption. Two United States C-130 Hercules transport planes, sent at the request of the Icelandic government to salvage expensive fisheries machinery threatened by lava flows on Westman Island, had to turn back to their base on the mainland because snow drifts prevented them from landing. Firemen fighting the glowing lava which-has been engulfing the island since the eruption of a long-dormant volcano three weeks ago, had to give up their efforts because of the freezing weather. Parts of the countiy are without electricity. No trace has been found of 11 crew members and passengers on an Icelandic Sisbing vessel who took to rub!f dinghies after their ship sank in a storm Sunday about 100 miles south of Iceland, There are several different types of preferred stocks but all have priority over common issues. In most cases, however, preferred shares do not carry voting privileges. MUCH SAFER Dennis Locke, an analyst with Moss Lawson and Co. Ltd., says preferred shares offer "a much safer form of investment than common stocks." "For example,, if a company is forced out of business, the preferred shareholder must be reimbursed from the company's assets before common shareholders." If an investor feels a particular company is doing well, he says, preferred shares offer "excellent income security." Bongard Leslie and Co. Ltd. suggests that attractive returns can also be found in convertible preferreds where the investor obtains the right to exchange his holdings for common stock. "Well-chosen convertibles can be said to offer the best of both worlds, providing capital appreciation potential as well as secure income." Convertibles, which have become increasingly popular in recent years, "must b e chosen both for the growth potential of the underlying common shares and the security provided by the company's over-all earnings and assets." PICKS THREE Bongard recommends three non-convertible issues "which offer solid security with dividend rates ranging about six-per-cent per annum." They are Canada Cement Lafarge Ltd. eMs-per-cent pfd. selling at $19.60, Canadian Pacific Ltd. 7%-per-cent pfd. series A at $10.90 and Trans-Canada PipeLines $2.80 first pfd. at $42. In convertible preferred stocks, Bell Canada $3.20 pfd. at $50, Canadian Utilities $1.25 2nd pfd. at $27.25 and Laidlaw Motorways five per cent pfd. series B at $14.50 are suggested. Other preferred stocks recommended by investment companies and their approximate price levels are: Abitibi 7Vz-per-cent $52.75; Calgary Power five-per-cent $83; Consumers' Gas 5%-per-cent series A $85; and Power Corp. 4%-per-cent 1st pfd. $34. STAFF SALE MRS. MARSHALSAY Zeller's Girls' Wear Department Head Recommends G0-T0GETHERS FOR GIRLS A- NYLON TURTLENECK Fully washable stretch nylon rib-knit body-hugger lop with turtleneck, nylon back zipper. White, yellow, navy, red; girls'S.M.L...............1,88 B- NYLON KNIT TOP Fully washable stretch nylon rib-knit top in mock turtleneck style with ring and zipper closing. White, yellow, navy, red; S.M.L............1.88 C- DENIM-LOOK PANTS Fully washable polyester and "Cupro" chambray-look knit flares with modified high-rise waist, belt loops, scoop pockets. Navy, red, plum; sizes 7-14................----3.8 STAFF SALE FASHION FABRIC "FINDS 44V45" 100% COTTON SPORTSWEAR -i FABRIC IN S0UD COLOURS. Fully washable, lit Sanforized.............REG. 51.26 * * yd. 44"/48" 100% C0TT0H SOLID-COLOUR "7/1., DRAPERY FABRIC. Machine-washable, pre- I iA.c shrunk, colourfast. 44"/45" 100% COTTON PRINTED SPORTS. n m WEAR FABRIC. Machine-washable, pre-shrunk. IJ/BC .................REG. $1.44 W"T 45" PERMANENT PRESS POLYESTER & COT- m - #� TON BROADCLOTH. Machine-washable, drip- Tj '� . DIXON Zeller's Dress Fabrics Department Head Recommends MISS GELLANY Zeller's Notions Department Head Recommends 2-PIECE LUGGAGE SET Fully lined, moulded weekend and pullman cases with mar-resistant vinyl covers. Blue, melon or avocado fashion shades. REG. S 19.97 "charge-it" 5-PIECE NESTED LUGGAGE SET FLORAL NESTED LUGGAGE Our own "Zeller Crest" brand! Jet-weight ^'Jjfjff luggage of sturdy wipe-clean vinyl. Choice oi black, blue or avocado. set charge-it" 'Ptincoss" IRONING BOARD SET , . ... , ... , . , REG. $34.40 5-piece set of wipe-clean fabric and vinyl t%g\nn combination fashion cases with comfort-grip J H handles. Choice of blue, green or tan prints. sTpoeTset "charge-it" MISS CHMIELEWSKI Zeller's Sporting Goods Department Head Recommends i STAFF SALE PRICE 14.88 SET "CHARGE-IT" Features 15" x 54" ironing board with fully ventilated steel lop and tubular steel legs on roll-about nylon bearing wheels; handy lilt lever adjusts to any height up to 36". Comes complete with pad, long-wearing cover, convenient iron holder and cordholder. Jlilf 4Hr MRS. Z0BELL Zeller's Houseware Department Head Recommends ...Satisfaction I6jf S �~ Locate in mi - ci," " & r^ ' -" WJJ.-.~^^*JL, . Guaranteed! Located ,, Ze.lers ShoPpi,a Cent, on M,vo, M,S,t, Drive. Open Doi.y 9 �... to 6 P.m. Jhu[S{lay and friday f a.m. fo 9 ^�^^ ;