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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 3, 1973, Lethbridge, Alberta Vancouver stock exchange had record year in 1972 R JCPi The Vancouver Stock Exchange be- gan and ended 1972 a president, b'jt this did not seem to afiect trading, which set records sr.d will reach an esti- mated year volume of almost a billion shares. With only three trading days lei: in trie year, exchange offi- cials used computers to esti- mated a trading total cf 902 million shares, nearly 50 per cent more than 1971. Value of shares traded this VOTT is estimated E; 57S2 mil- lion. 60 per ren: more ihan lasi year'? irj'iion. Previais for the vol- ume cf shares traded and the value of shares traded on a single day vcere broken. The volume record had stood for c-c-re than six years. A single mining prospectus in the KsmJoop? canle provided the import for the mos: furious aciion the ex- change has seen when OB Auril 10 the market, keyed to drilling assays from Aiton liir.es Ud.. traded a shares. Previous bis plav surrounded Pyrsrdnd Miring Co. Ud. Trhich snaM E large lead-zLnc discovery in November Wo. Or, Nov. that year, the ex- change traded 6.M6.1S7 shares. Traojjig surroundirg Aiton Mines on April 10 this year also se; a dollar volume record oi S10.32-i.-i75. no; including bro- kers' commissioners. TRADING KEPT HIGH There also were three iveeks in a row cf more than 40 million snares traded. Undenrriiing i; stimulated by an active market and listed companies increased nevr equity capital by more than 60 per cent, TIES year. S30.6 million was raised through the facilities of the exchange in 280 under- writijigs. compared with S1S.P million Ln 1971 There were 89 companies listed, 50 were given interim listings and 45 interim-listed were upgraded to full listing status. During the same time com- panies were deilsled. including 47 from the interim board" Some were the result of amalgamations, or were made at the companies' own re- quest, but most were tor failure to maintain listing require- ments. i Ween the long-ruling Social .Credit government was topp'ed by the. New Democratic Parr.', socks of some B.C.-based firms took heavy losses because of fears of government takeovers and uncertainty on inhire gov- ernment legislation. There also Big air traffic growth predicted MONTREAL iCP1 The In- tern atdcoai Air Transport .Asso- ciation expects a healthy Erov.th in traffic fc-r me v.or'.j s -97- thoug'a the industry will con- tinue to face a number cf unre- solved problems. ation director general, said prr-Mems incl'j-fe a search for adequate rrofitabiliry. noise pollution and acts of armed ag- gression Egainsi civil arlation, Ln 1973. IATA ni E m b e r air- lines are to fiy 325 ndllioti passengers for a total 2S5 billion passenger miles. This would represent an in- crease of per cer.i over Cargo traffic is expected to reach 10.5 billion ton-miles, an iacreasf of Ci> per cent. ''Despite this er.couragitig forecast c: Irafiie growth, the coining year no: be sn ear.' Mr. saic-. PROFITS A PROBLEM Uncertainties over the regu- framework of the iji- ditrry and other factors make it difficult to forecast the airline LTciistry will achieve the improved financial results that are essential for the satisfac- tory development cf the public service -world air transport sys- tem. Cem.rn.or. o'.-'ecJivss and mar- ket.nf tertes alone wiih fevjb'e rriiin: policies are serial atten- must be gi-.-en to the ?c- ir.' .-jxi here both governments and airlines have a part to :'i believe the ti3ie has now when co-orninared re- alistic in-rosrry think- inr is essential in the interests K the public, the airlines, as Ke'J as the gsceral economies of all nations." A matter of major concern is the imposition of flight curfews at the international airports. Curfews eiist at numerous airports now and others have threatened to impose them. .Mr. Hammsrsijold said, but he acoed that "there is reason some optimism." "Quieter jets are coming into service in ever-increasing num- bers and measures taken by airlines, manufacturers and at considerable cost to the world air transport showing Eood re- The public is beginning to ur.- derstand the importance of civj aviation to national and Lntor- natior.al ecoaonues. he said. LATA will cconirje to pive high priority to work allied at revising realistic ana practical measures to deal with the men- ace of hijackings and other acts of armed aggression against civil aviation. "Although has been slow up to the present time. I believe ther? is no'" a woric- M-lie realization of the urcer.cv for collective and acdon on e f f e c tive preven- tive and puniiivr msastires." IATA reoreser.ts IOS airlines from around COLU.MMST-S NOTEBOOK B> HAL BOYLE XZW YORK A? Se-i: U CAT. sock on while 5ta-rlm; or. r--.- its: it's a man. If f. has M on the edge of Son ind then tall over back- vard to into its stock- today's FUNNY A EARNING NEEDLE IS FW6ER C. 5.UI Lart. Ha mfs. it s a Does it usually shave above it usually shave the thoiders? It's a gil. If bores yotT by to tell yot! its dreams. it's a he-. If it VOL by hangovers, it's a him. f.lRL GETS BLANKET Dc-ss it cirr> a Miriet t.-> 'the football game" Th.r.'s the ;xiy. rvvs it v.rap ti'.e blanxet ariviind itself while the one v.ho carried it shivers niniself bluo? That's the girl. If it says il ivrars th- pants it; ihe family put it down as the papa. If it actually wears ihe pants ir. the [anily, put i; as the maiu.1. C-T.T it drive while sti- tinc ir. the front seat o" n csr" P.i.i ot-.oi? more C.in it drive seat? JIo.ni again. If i: ol-unts there is nothing likes to cio Ivtier than walk Kin.i-in-han.1 in :h? mm. th.r.'s :'or h th.it rloosr. 'm h.r. l.v-i IXv Ihin.c clam That's fXvs ih.it ouite one d.iy feol h.in.i .-.d rain, that's ho: s it believe Ih-it even- h-o IxKtcr atxl more oro-.is after r.iarriapoft s prcfpoclive bride. it proi'e to her in tinte r.'.arri.ice doesn't r.inke sli thn: much diH tho bridcproom. Tas some lack of investor inter-; est before federal election bui buyers returned following the vote. Tne exchange began ihe year: under in? interim direction of: the chairm-m of its board of i governors. Go-aid A. Stevenson. Tnen. on Feb. I. Thomas Dohm was appoimed president, j leaving the British Columbia] Supreme Court to accept the: j Mr. Dohm ms-cuiied a nirm- j ber of procediiraJ reforms and j enforced regulations sirictly.; Tois resulted in improved re-1 porings by companies or delist- i ings j In ember, hmvever. Mr. j Dohm resigned in a conflict' wuh the board of governors. He accepted a cSreclorship in. tie Bank oi British Columbia and ihe board decided that ihis Livoh'ed a of interest. For th-e seccnd Une in the Mr. Wright becam-a man-; ager of the exchange. The eovemors have SDpointed Cyril "White, a and. chairmar: c: the V.'orkmsn's Compensadon Board. ES presi- dent'of the eicnanEe -..ill asftiise iUs duties Feb. At that time. Mr. WriEht is expec-itd to hand over the board to Vice- Chairman Michse! Ryan. -----Wednesday, January 3, 1973 THE lETHB-.ltCt HESAtD 35 Garbage, sanitation role assumed by forest service SKRUM RETIRES Dr. Gordon M. Sr.rjm, chairman c? ;he British Columbia Hydro ana1 power is io retire Jen. 14 aftsr 10 years or guiding the crown corpcrction through extensive building end ex- pansion. VANCOUVER CCP) Brit- ish Columbia's beleaguered forests, almost swamped by an avalanche of amateur woodsmen in past years, are getting a facelift from the B.C. Forest Service. The service is back in the business of buildijig camp- sites and generally improving tourist facilities after a 20- year hiatus. In the period after the Sec- ond World War. the forest service launched the prov- ince's highly-successful camp ground program that was linked with highway construc- tion VTithin a lew years, how- ever, the demand for this type of roadside accommodation was so great that the program was turned over to the parks branch. Now there are more 5.000 government campsites in the province and the demand still is growing. The new program has some differences from the old. The major difference is thai the campsites DOW are King built in remote areas, most reached only by logging, for- estry and mining roads. The service is finding it difficult i to cope '-Mth the amounts of trash found even in these re- i mote areas. LEAVE GARBAGE Harry Marshall, director oi the campsite program, said: "Many parts of the fores: have become badly polluted, by a buildup of gsrbage left behind by campers over the last ID or 20 years.'' A number of private organi- zations, such as rod and gun clubs, have attempted to clean up the outdoors during th? past decade, but have just been unable to keep up, be said. "It's cae thing to provide garbage cans, toilets and a few picnic tables, but quite another thmg to service them all on a continuing basis." Mr. Marshall sajd. "We decided late in 1969 the fores} service would have to become with in the wooes." TTTO years were spent on planning tie program and 1972 saw z cut down, four- month progrsm. BIG CLEAN-UP NEEDED Mr. Marshal! said the pro- gram got off to a late start, the reason it lasted only four and the servic-e found itself facing a massive clean-up in some areas. "in srme after a good claer.-irj, ii ade- quate io Lir.al! a few garbage cans and a toilet. Li others we htdlt campsites and put in tables and firetir-s. 3 WAYS TO GET RID OF FAT Most doctors agree that to lose weigh; and no; regain diet alone is r.ctihe the January issue of Reader's Digest, youTI read ihe diver- gent views of three doctors, A pediatrician states the case for diet plus pro- grams. A heart specialist sug- gests that in raany cases, exercise clone can conquer obesity. And a psychiatrist describes an effective method called behcrioraL therapy. To decide oa the ap- proach that will work best for vou. read THREE WAYS TO GET RID OF FAT one of 35 articles and features in the Januarv Reader's DisesL At yonr nerrsstand today! Save '70 to Sears 'Posture Mate' Firm 2-pc. Sleep Set 2-Pc. Set Single Reg. .98 2-pc. set double Reg. 99M Queen Size GOCCT 5 P'tfrs mere spare 159M Fi" best comfort you need firrr. tody weiaHl ij arec'est. t the comfort cf ou- 'Pos'ure Firm, set it hai evlra support in rke fer're 3rd ct to'h r-a''refs end fourcc: on. P-rper irsu alien is i--DiMfant IPP, so s'tcl layers of wnile felt over Ir-e coi's then a lover of Ssrcfoom for SLT-CCS All this is lopped with a qucl'iv rason print cover thai s wV- prevent border sop. rollers 27.98 poooq ooooo Furniture Quality Costs Xo More at STORE HOURS: Optn Daily 9 a.m. !o p.m. Thursday end Friday 9 a.m. to 9 p.m. Centre Village. Telrphorn 355-9231. ;