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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 17, 1972, Lethbridge, Alberta THE lETHBRIPGE HERAIP Thur-.doy, Februory 17, 1972 U.S. dollar takes beating on international markets lONOON' --The lo dollar is tluat- V bum-ml Vimcel SI.IIL-S dollar t for a T.W-per-cenl (leMilnalinn ing slightly above Ihe I'.S. dol- nn of the dollar in relation io gold. I lav. which means Ih.-it Caindian WILL KM) UNCEKTAIS'I'Y impovls, like HUM vi Ihe I'.S. believe Ihat whil-.' Ihe move has lillle or no prnchcid value, it will remove lineei'- i Laiivy in internalional fini.ncnl I circles alxiul how the C.S. Banks in fair shape C. U'llY.MiT i will, over the medium term, "'I'he pulp and paper industry Ciinadinn Tress llusincss INIilor produce above-average capital i has jnsl enk'retl such a market. I Canada's1 ch.irieml bunks pul gain." j Prices have already reacted, on a late-year spurl in io Rabson'.s JUijHirls lold its i The usual course after such n clients: "In I1J72, we believe slrontf price movement calls lor profits of Cajiadian chartered j a temporary gestation period so Oddities in llie news slunny sfas ini-'niaiiccial cxtlinn.m1 markcls liiir ll-.i- Inim-nnmr occllook fcr rlosely-iralchi'd curri'ni'y lavi.iviMc. H'hilc I he dollar may be in lor i rcv.ciili iruciKlmR for sonii1 i end Uce vear in fairly good Tin _ j h.mk bets for niurc Canadians already nine, k will liki-ly if quite during 'K- next several years. ['.s fciluu1 course, hcmiivei almost be simliuci lb a nf political Kittles br'ueen the r.S. nntl her li'.'icl- p r n m f n t would handle the j nn (Npi'drd bwcrinfi ot tricky issue. The devalualion was assured I Diners. The r S. bopes Ihe new cur- j tvney ahsnmen.s. coupled wall i Bankers' Asso- I here v.ill help alleviale a crioplins mi: partners. I industrial Group of Thai, at least. Is tlic- rwclir- I Ten. i "in of n number el leading fin- j fact. Ihe dollar has iwl .n-.'ial experts here, in both offi- j convertible into gold since and academic circles, i last August and foreign govern- Tbpir optimism was strength- i incnls have already chosen Ihe ihe Ni.Min level al v.liich lu fix their eiu- n r in .v 1 pro- ri'iicios against thai ti( the S. Berlin is still searching for war bombs, bullets by the T, S. as parl of a cur- j bahmra-ol-pa, menl.s deficit ro'icy reaiignmcnl reached :n u'n expi'ol a gradtia. Washington last December j a'Covory of Ihe 10 leading non-Communist R K R LIX (AP'i Ger- former eapilal contin- cii s lo die. nut the hnmbs and shells tl'.al fell more than a quarter century aeo. Removal of second World War explosives will eosl West Berlin million Ihis year. A systematic search for hornhs. bullets, shell? nnd grenades is expected Lo last 10 years more. Some Gli tons of explosive devices were dcs- posed nf in 1971. Each W cd n c s d a y. ihe of exploding devices he heard miles mvay. Tliey are pc-ojectilcs and other hc'oughl to a big sandy demolitions range set in a large pine woods. Gerhard lisehi.L'cr. 5U. runs the opera- lion. His ercdo: matter Berlin because of ex- ploricng devices they handled or stumbled upon. About 401) persons have been injured. Kacbiger says that with the lo c'mpiuMze llcat they (In not llie dangers and difli- cullics which lie ahead. fnyriUH.s POSSIBI.IC Dollars are still flooding Ku- rope, renlral banks, desper- alcly si arching for accept nbll: wavs In reduce Ihoir hrildinps. have had lo intervene in the mar'nTf lo support lite dollar. Conlroh may have to he applied in Icss.-n ihe continuing inflow nl Ihe I'.S. currency. The French are the dollar he made rnnvcnible j jito sold again. This would ena- ble ccr.nal banks io request Ihe I U.S. buy bad; ils dollars in re- turn for pavmenf io gold. But Ihe U S. gold stock isn't nearly large enough to meel such de- IllCn'C nation says than holeiers of bank slock, more Ilian nn per fer.l of Iliem resi- dent in Canada banks will slww more prn- nounccd gains than in Ihe past fercnl industry group comes from Gairdner and Co. Lid. Giiirdner takes a look al Ihe problems the pulp and paper in- dustry has had retenlly, sludie Ibai earnings can catch up wilii slock prices. Over the longer term, b o c v o r, considerable further improvements: in earn- ings, dividends, and slock prices arc anticipated." Anyone who purchases such shaves is investing in i Ihe ouiie.rship interest of com. the prospects, atid concludes j mon and preferred shareholders thai tlw industry is in a tunv.i- i in a company. more llhln IW per of Ihe mands. Econnmis's argue, however. "More lhan Iwiee a.1- many Canadians ouu bank stork loday as H) years ago." the as- sociation reported in mid-1971. industry i.- second only to Ihe lelephon? companies bolli in the nunilKT ol share- holders and Ihe p'.-opuiiiim ol slock held in Canr.da." As invcslmer.l prospects. Hie hanks have been in- creased atlenliou retviitly. GOOD BUY Kichnrdfon Periirilies of Can- ada lold its believe the Ij.ijik slocks indi'.'Jdually, and as a group, are exlremely attractive on a short, medium and long-term basis." liongard Leslie comments: i "The Canadian hanking indus- try has embarked on a period of cyclical earnings Pur- situation. "There is no market like a lurnaroinid market ll.s lerislics are: A drying up nf supply which terminalos clines in slock prices, a slignt improvement in demand caus- ing an imbalance in m.irket Bongard Leslie recommends inveslment at Ibis time "uilh lull knowledge that a size- able upward move has already been experienced." One reason lor Ihe rcconuncn daiion is as a against the pressures of inflalion. "The market is in the process den pick-up in sloek market of placing a premium on these prices, improved for in.vlrinncnts now because of sales and earnings, and rising their hisloric ability lo compen- investors' enthusiasm for a last sale for erosion of purchasing [profit. 'power." LONDON fAP) II started jus a quip about Uie plumbing at Windsor Castle. Too noisy, complained Prince Philip. During a visit lo a factory, he remarked; "1 wish lo goodness you jwople could produce a loo which does not keep me awake al night." "Loo" is English slang for toilet. Most people laughed and forgot about it. Not Ernest Batchclor, head of a company that claims to produce a su- per-silent flushing mecha- nism, lie is sending Prince Philip a tape recording comparing the noise of ordinary loo.s with the sound of his new. im- proved one. He thinks Wind- sor Caslle should switch. Buckingham Palace politely promised consideration of the p reposal. CONCEPTION, Chile (Ren- ter) President. Salvador At- londc hs announced a big ivunpaig'i a g a i n .s f workers who slay home on Mondays because of weekend hang- overs. Speaking lo workers at a nearby Thursday, he- said: ''This has got to slop, genllemen. 1 have lold execu- tives lo send me a list monthly of workers who don't for work, and f it published all over llie country." LONDON1 l Renter) An elderly spinsler walking her dogs on a London common said here she was shocked when a h e a u t i f n 1, naked blonde roared past her on a high-powered motorbike. .Miss Mabel Policy, 63, told a smith London court that, she had seen a man taking photo- graphs of model Leigh Rogers as I ho girl drove nude across Wimbledon common on a chilly, November mom- Miss Rogers was fined S1.50 for being in the nude and for ridirg on the common- passing of lime, shells, bombs j om [or lhcsc and mines become more dan- jq'ihal former dollar- gerous because Iheir nialeri- culTenCV in chase o any single bank sloe.k alS erede and Ibey no longer Eu of act as they are supposed ,o. realignment Defusing aerial bombs is 1 _ IT-_ 'i., I aLlCCinLIlL Kl_ ____L I____j.__ (he hardest task, in particular American and British tvpes j with special long-delav fuses, i "Ecl; MILAN. Italy miscrew those masked (lollnvp did mil hack in the U.S. when the now i cashr beaten hcnv oflcn you handle explo- j fuses." Racbigcr said. They have blocks lo prevent dis- mnnding. We just handled one j British 25ii-pound bomb at is'1'1'' TcKel airfield. And when I tried to blast llie fuse from j the bomb with a .small I charge, Ihn tiling went i dieted at Ihe lime. a resnll, th? supply of dollar? in Europe demand aiid currency has not yet ru- pistols held up a wage? courier for a firm near here, When (hey found he was not carrying the 2') million lire (S-H million'. they they beni hhn up. stripped him and ic-fi him unconscious in the sueci. BOOST BIC never let il become roii- fine." Racbiger's predecessor died in 1957 at the demolition.1; nmL'e. assistants were badly injured. The bombing ended in April 1015. Since then 41 children nnd 61 adults have died in Racbi.ccr is alive to tell about it because he carefully prepared his charge. Then I hi1 bomb and cverylhinp around it were covered with slraw. In the first 20 years alter Lhc war bombs, gren- ades or other explosives were npparthcd in West Berlin. CHAWFOKD. va. ['AP'i A per ccni pay raisr may be consit'ercd jnfla- nonarj to somo but not to ihe town council ol this tiny town. The council voted itself the whopping hoosL: for theii' once'-a-mnnlli nieoiings gc-- int-icad cf ins! .Si. they'll rorxi) GALVfiSTON, Tex. fAPi A team of divers positively identi- fied ship wreckage in the Gull of Mexico today as I anker V. A. FogLi. missing since Feb. 1 wiih its crew of I lie coast guard snid Indications were that a fire had swept the tanker. DUNLOP'S SELLING POWER MAKES IT ALL POSSIBLE! ill This of volume selling al- j lows Dunlop Ford lo offer you exceptional savings on a 1972 I car. Think of if, sel- ling power working to save you money. Tell us how much you can af- Forei )o pay each mcmth and we'll lailor n suil your buctgel. Our 20 facfory trained me- i chanics will keep your vehicle? j running smoothly. Call our ser- vice manager for an appoint- menl roday. 81 Visit your lota! transportation centre this week and enjoy the many advantages and savings they have to offer you. Check our 4 wheel rlr'ives from Bronco through F250 Jj ion, 7 units available1 MID-WINTER DISCOUNTS ON ALL USED CARS ALSO! 1969 DODGE MONACO CONVERTIBLE. Copper ond blaclc root, fully equipped. Bucket scats and console. JuM great for spring. Reg. Retail S2795. OUT IT GOES AT FORD 6 passenger, V8, nutomatic. to RO. list OUT IT GOES AT FAIRLANE 500 2-DR. HARDTOP. 5porlsrool, V8, auto., radio. Royal blue. Ready lo go. Reg. NOW IO7J 1968 CHEVROLET SEDAN. 6 cylinder, automatic, W h i 1 p. A- 1 mr-chanicol Reg. Price OUT IT 10jj GOES AT ?l IHC. 1600 scries. V3, 5 spd 2 ipel. rear oxln. 20.000 GVW rating. Has o fully inflated 15'i van body. Ready !o qo. Clean unit. miles on now TOYOTA CORONA MARK II. .1-cJoor. 1900 cc, auln. trans., radio, ww. tires 11.500 miks Lxlra cl.-an unit. Owners nanio civnilnl ll'is NOW AO 7 J OPEN HOURS Weekdays 8 a.m. lo 9 p.m. Saturday 9 a.m. to 5 p.m. ;F o RD: Corner M.M. Drivn cmtl 16lh Avc. 5. Phono 328-8861 S5MPSONS-SEARS A Special Mature of Sfrnpsons-Sears iis Season's Great n is 011 Right PRICK OM.V 7oynl Bond Bnhsh shoes nro very special. Special craflsmanship huild-, in oxlra qunlily and comforl. Especially fashioriable styles. Soft, MJppV Ino- uppers add lo the comfort. Mosl with leather soles and rubber 3-11. Spocinl comforl ond special craftsmanship. Right now, lot I he 'iy limt; lliis r.i.'dson, I ho prices nro very special, !oo. A-7" Side Zip Boot. Soft Icalhoi linings. D width. Available in black or brnwn. R-Domi-Bool. Hidden ccnlro gore and leather soles. D width. Black or brown. C l-Eyrjlrt Bluclirr. Durable lualhcr soles. D and EE widths. Blnrk. Leather Slip-On. Overlay on inslcp. {.collier soles, Black or blown. Bluchcr. C widih. AvailablD in o rich brown. QUAUTY COSTS NO MOKK AT STORE HOURS: Open Doily 9 ci.m. Io p.m. Tliuriclny cinH Friiltiy 1 a.m. lo 9 p.m. Ccnlrc Vdlririe. Tclrplionp 358-9231 ;