Lethbridge Herald, The (Newspaper) - January 8, 1972, Lethbridge, Alberta
Prices soar in week By PETER LEICHNITZ Canidlu PKII SUfl Writer Records fell aod soared sharply higher as Canadian stock markets recorded tfeir best week In more than 15 years in active trading. The Toronto slock market's Industrial tadex, a major indica- tor of market activity climbed 10.29 points to 191.93, Its best level Educe Nov. It was the largest one-week advance i the index was recalculate to 1956. ITie index now ia only 6.84 points below its all-time Ugh of 198.77. Analysts and market observ ere said much of tire advance resulted from a marked return of Investors to the market. "Many investors have crane off the sidelines for aggressive buying as a result of a bullish outlook for the economy In one analyst said. Another major factor respon- dbfe Ibr the gain was a strong market at New York. Prices on tte New York market closed higher for the fourth consecu- tive week in active trading. On the Montreal and Oana- dian stock markets, the compos- ite index recorded one of its best advances in years, gaining 11.65 points to 196.83. VOLUME UP Combined volume on the two exchanges was 4.22 minion compared with 3.63 mil- lion last week. Trading on the Toronto mar- ket was active during four of the five trading sessions. Mon- day, volume was the lightes since Dec. 26, 1951, with only shares trading hands. However, Friday, volume soared to million tiie high- est since Jan. 16, 1970. Total volume during tie week was 13.17 million shares, up sharply from 8.36 million last week. At New York, prices re- covered to levels achieved in early September as ttie Dow Jones industrial average of 30 key blue-chip industrial issues gained 20.17 points to 910.37. A total of 87.35 million shares changed hands compared with 71.98 million last week. Gold issues recorded the best advances during the week, re- fleeting active trading and higher prices (or gold on the London bullion market. Friday, toe price of gold on the Louden market climbed to (45.85 (U.S.) an ounce the highest level since the two-tier price system was introduced in I960. GOLD UP At Toronto, the gold index climbed 18.76 points to 159.89. Trading was active in western oil issues, however, analysts said much of the activity was "speculative buying." "The majority of major explo- ration companies now are well into winter exploration program and investors are begining in take selective poKtibns in this particular sector of the mar- ket." one analyst said. The Toronto market's western oil index gained 15.11 points during 230.83. the week, dosing at Bond prices Supplied by Doherty Roadhouse and McCuaig Bros. GOVERNMENT OF CANADA BONDS A round of cadmium price In- creases by major producer! early kt the week provided the base for a modest advance in base metal Issues. Most of Can- ada's cadmium-producen in creased the price by 25 cents to 11.75 a pound. The Toronto market's base metal Index closed Friday at B3.23, up 3.87 points. Capital works deadline extended EDMONTON (CP) The deadline for municipalities to apply for loans, for capital works projects has been ex tended one week to Jan. 14, the Alberta government has an- nounced. The department of municipal affairs sdd in a prepared statement the extension was granted to allow all municipali- ties enough time to submit ap- '72 100.00 100.25 '75 100.50 101.00 IN EDMONTON Stay At the RIVIERA THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED W For Your Convenience In Making Reiervalloni CALL AND ASK FOR 1ONG DISTANCE ZEnilh 0-7255 at no cost to you IVIERA MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta Phone: (403) 434-3431 Telex: 037-2510 Sept Oct. Jul. 1, '78 109.SO 110.00 414% Sept. 1, '83 85.25 85.75 Pern. 3 Sep. 15 41.00 43.09 Apr. 1, '75 103.50 1W.OO 7V4% Jul. 1, '76 106.23 i% Sep. 1, '92 90.00 91.00 PROVINCIAL OOVMNMENT OF CANADA eUARANTIID IONDS Alberta BVt% '90 107.00 109.00 Ontario 7 '88 97.00 99.00 Ont Hyd 9 'M 110.00 113.00 New Br 9V4% '90 108.00 111.00 Nfld N. S. Quebec Alberta "74 100.00 102.00 '02 ae.oo 91.00 '74 100.00 10S.OO 854% '90 108.00 111.00 Man Hyd 8 '91 100.00 102.00 Sack '90 108.00 111.00 Nfld '80 107.00 110.00 ACT 8 74 103.00 105.00 Man Tel 8 '74 103.00 105.00 INDUITRIALI Alta G T 9V4% '90 105.00 107.00 Alcan '91 107.00 109.00 B.C. For 9K% '92 106.00 108.00 B.C. Tel 9ft% '90 106.00 108.00 Bell Tel 9H% 79 107.00 109.00 Bell Tel '93 108.00 110.00 OPR '89105.00 107.00 Cp Sec '90 103.00 105.00 Cdn Util 9ft% 106.00 107.00 CWNG '90 104.00 108.00 Gulf Oil '90 105.00 107.00 Inter P P '90 107.00 109.00 Massey '80 105.00 107.00 Noranda 9V4% '90 106.00 108.00 Int Nickel Wt% '90 107.00 109.00 N and C G Vk% '91 104.00 106.00 St of Cdn' 9Vi% '90 107.00 109.00 Tr Cdn P '90 106.00 109.00 Tr Cdn P 10% '90 108.00 111.00 CONVIRTIBLtl Alta G T '90 130.00 135.00 Cons Gas '89 99.00 101.00 Sour Rain 7y4% '88 91.00 93.00 Tr Cdn P 5 'OT 98.00 98.00 WC Tr C '88 93.00 96.00 WC Tr '91 119.00 121.00 Dynasty 7 '82 70.00 75.00 Acklands '88 85.00 88.00 To date, the department baa received applications for pro- jects totalling million. Ot- tawa has allocated only S9 mil- lion to Alberta so the depart- ment is' considering which ap- plications vill be accepted. Pemit sought for pipeline CALGARY (CP) Alberta Gas Trunk Line Co. Ltd. has applied to the provincial gov- ernment for a permit to build and operate a 66-mile pipeline, takiEg advantage of natural gas reserves In eastern Al- berta. Cost of the Initial system would be about million and tt would be operating this sum- mer. The system would run from the Wainwright area In a south- westerly direction on a 10-inch diameter line to a point on the company's Flat Lake line. La- terals would extend to Baxter Lake, three-inch line; Edgerton area, eight-Inch line, and Chau- VJD, four-inch line. Dutch explorers gave (lie dodo a name meaning nauseous bird, since no cooking made them palatable. H. H. Smith Ltd. Customs Broker FOR SALE RESTAURANT EQUIPMENT BALANCE OF LEASE TENDERS will bn received by the underlined up to P.M., January 17, 1972, on all of the equipment, uten- jlli, supplies, leasehold Improvement! and balance of the lease of the premises located at 7602 Macleod Trail, Calgary, (formerly occupied by J. B.'i Big Boy BIDDING FORMS, and particulars of assets may be ob- tained from Ihe TruHeo prior to the closing of bidding. Ap- pointments to view the premises may be made by contacting Mr. T. O'Ksefe at 563-4800. Bids must be In sealed en- velopes marked "Tender-VIP's Inns and Restaurants and be accompanied by a certified cheque for 10% of the lender. Highest or ony lander not necessarily accepted. All bidders ore Invited to attend the opening of the tenders at a meeting at the office of the Trustee, Immediately fol- lowing Ihe closing of Ihe bidding. JAMES C. FOWLER, C.A. Trustee of Ihe Estate of VIP'S INNS AND RESTAURANTS LTD. In Bankruptcy Ron and Co., 300, 600 6th Avinut S.W., Calgary 1, Alberta 263-4800 NEW! ByGm_Fiwnnt A LOW-COST ELECTfiO-OPTIOI. SYSTEM C4M NOW HELP HUNDREDS OF7HOUSWDS OF NEAR-BLIND PERSONS READ AND WRITE. TO READ, THE USER PLACES THE PRINTED OR WRITTEN MATERIAL UNDER A SPECIAL TV CAMERA AND VIEWS THE ENLARGEMENT ON ANY TELEW90N SET... FORT WHOOP-UP AGENCIES LTD. HENRY MORGAN Fort Whoop'Up A g a n c I e i Ltd. It proud to announce the appointment of Mr. Henry Morgan to their laloi itaff. Henry hoi had ten of teaching experience. He li olio Itudylng to complete hit F.R.I, program. Whether to buy or sell, Henry will be pleaied to look after all your Real Estate needi. Feel free la rail him anytime at the office 329-3251 or at home 328-0383. Consumer group opposes farm bill OTTAWA (CP) The Con- sumers Association of Canada expressed opposition Friday to the new farm products market- ing act which is ready for ap- proval by the Senate. In a statement the association said it supports the basic alms of the bill but is totally opposed to the method of achieving its Business failures set high TORONTO (CP) _ Business failures across Canada reached an eight-month high in Novem- ber, Dun and Bradstreet, credit-rating organization re- ports. During November 2i9 busl- ssses failed, up 24 per cent from 201 a year earlier. The previous high for the year was 316 in March. Dollar liabilities increased to million from million during the same month in 1970. Manufacturing, retailing, con- struction and service concerns recorded the highest number of failures. Only the wholesaling sector showed a decline. New Brunswick, Nova Scotia and Quebec were (he only prov- inces which recorded declines In business failures during the month. Ontario, Alberta and British Columbia showed the largest increases. The bill, approved this week by the Senate banking commit- tee after being passed by the Commons in a marathon all- night Bitting a week earlier, paves the way for establishment of national agencies for the sale and promotion of farm prod- ucts. The consumers association said that under the bill agricul- ture products would be shielded from competition. Increasing prices would be most damaging to the low-income earner who spent a higher percentage of family income on food. "To set up producer con- trolled marketing agencies with such sweeping powers with no provision for appeal from their decisions, with no public scru- tiny of their operations and with no representation from other sectors of the food chain is to totally ignore the public inter- it said. The association is a non-profit organization which claims a membership of January I, THI UTHHIDM HKAID 81 East group buys three B.C. papers VANCOUVER (CP) Three British Columbia newspapers have been purchased by a group of three businessmen from Eastern Canada, it was learned here. Prince Rupert Dally News, the twice-a-week Terrace Her- ald and weekly Alaska High- way News in Fort St. John were bought by Peter White, Conrad M. Black and David Radler. The three own Eastern Townships PubLWMag Co. Ltd., which publishes the 9ierbrooke loan OTTAWA (CP) Approval of a loan to the Greater Vancouver Sewerage and Drain- age District for sewerage im- provements was announced here by Central Mortgage and Hous- ing Corp. The loan will be used in the final stage of a project to in- tercept effluent currently being discharged into Vancouver har- bor and to pipe the effluent to the lona Island sewage treat- ment plant. Unded natural conditions, few white-tailed deer exceed a life- time of six years. Mr. Mutual Funds DICK BATEMAN Phone 337-5137 PHARMACIST A pharmacist with a currant Alberta license li re- quired Immediately for permanent full-time employment with the Calgary Co-operative. Thll poiltlon ihauld be of particular Intern! to the recent graduate with an interest In advancing to a retail management position. We offer excellent working condition! with regular shopping hours, no Sunday or Statutory Holiday work and a talary commansurare with qualification! and ex- perience. Apply In confidence to: PERSONNEL MANAGER CALGARY CO-OPERATIVE till MACLEOD TRAIL CAlGARr 13, ALTA. Record, a Quebec daily, and a couple of weekly newspapers In Quebec. They also have indivi- dual holdings in other newspa- pers. Purchase figures were not disclosed. Sale of the Prince Rupert and Terrace papers also marked the end of the publishing career of weallliy Vancouver industrialist W. B. Milner, 81, in March. Mr. MUner bought the Prince George Citizen in 1936 and own- ed two daily and five weekly papers before he started to move out of the field. He bought the Prince Rupert News in 1965. Published five days a week, it has a circulation of The Terrace Herald has a circulation of The Alaska Highway News, published by Dan Murray, was founded 27 years ago by his mother, Mar- garet (Ma) Murray, 84 year- old publisher of the weekly Bridge River Ullooet (B.C.) News. The Alaska Highway News has a circulation of weekly. W. White, 93-year-old law graduate from Montreal, la president of Eastern Townshipj Publishing Co. Mr. Radler, 29, of Montreal, Is secretary-treas- urer. Mr. Black, 27, of Toronto and Montreal, is chairman end publisher of the Record. Interior Dleiel and Equipment Ltd. 2373 Cranbrook Street Cranbrook, Brltlih Columbia requires JOURNEYMAN HEAVY DUTY MECHANICS Must have Caterpillar and G.M. Diesel experience. Good benefits available. Located in the heart of the Eait Koorenays. Applicant! apply In writing to the above oa'dreu or Phone Area Code 404-416-4263 GROUNDS SUPERVISOR The Medicine Hot School District No. 76 requires fha services of a qualified man to assuma compleft responsibility for a year round groundi maintenance program. The successful applicant will hove training and experience In horticulture as well as experience with the maintenance and repair of grounds ftervlce equipment. This Is a permanent position offering en excel- lent starting salary and a full range of fringe Apply In confidence giving complete resume of experience and qualifications no later than January 14, 1972 to, E. MURRAY. Secretary-Treasurer, Medicine Hat School District No. 76, 601 First Avenue S.W. Medicine Hat, Alberta. CrOSSWOrd By Clara R. Cross MISCELLANY ACROSS 1 Evergreen ofthtMfldl-' terraneon E Feeditht kitty 11 Vagabond IGWalcomt 21 V.pid 22 Filter 23 European Qpitll. with "Tha" 24 Adornd 25 26 Greeting ilgn 28 Informed 29 Mlqueion, 1.0. 30 Diploma receiver, for jhort 32 Gemint's wifa, it 33 Reared 35 Clamor 36 Any plane 38 Hebrew lettst 40 Highest 41 Scrammed 42 Source of HJgar 43 Bohemian type of beir Pirtlcfpint In a winttr sport 48 Medicinal beverage 51 Urn Major 55 Hanken 59 Flexible 61 Church doorkeeper 62 Diitanct covered 63 Biblical name 64 Monrtir 66 Vaulli 67 Short tnd long 68 Able to 69 East Indian woody vine 71 72 Thouund and two 74 Find 75 Restraint 76 Frithin 78 Unwilling: arch. 80 Dedicate B2 Form of 83 Exit! DOWM 1 Eyelashes 7 Like an old woman 3 Estimator 4 Snake eye (on dica) E iHfloi 6 Forever 7 Requiring 8 Cymbali 9----homo 10 Glittered 11 -----Bara 12 American ityle oles '3 Put J4 Indittlncr tftlklr 15 Looked closely IBHappy 17 Rumpui 18 Sidestep 19 20 Italian commune 27 Wire measure 31 Southern capital 34 Swirling 37 Brilliant colored fiihei: vnr. 39 SadittFc fiddler 41 Skin alive 42 Hillside: Scot. 4A Preposition 45 Relax 46 Indian vueightl 47 Congou 48 Voice 49-----France 50 N.YL resort 52 Someiimei it's split 53 Mousy 54 56 Churchill Bowni end Ascot 67 Fiction writer, -----Manh S3 Ceuia leaves 60 Hoop iklrt 62 Moolah container 65 Plain to set 67 indelible merki: var. 70 DormoUEi 72 Hebrew prophet Flit 75 Weit err ihow 77 Moist 79 Drigilong 81 Feminine nickname 82 Heat unit: flbbr. 85 Brawn B8 In a verti- cal position: niut. 89 Horsa 19xl9.byAnneHa.Ionn ACROSS 1 Exalted poem 4 Famali iheep 7 Small ln- virtehratv animal 10 Fastidtoui 14 Wander 15 Energetic 17Defentivi encloiUret 18 Unit of work 19 Understand! 21 Function 22 Cape 23 Barren 35 Sell 26 Emotar: si. 29 Canatit blend 30 American Beauty 31 Uncommon 32 Asian nation 33 Relating to Hveral countries 37 Eviry 24 noun 38 Ego 39 Eantr flower 40 Hall quart 41 Building addition 42 Repair 43 Stayt behind 46 Baseball itick 49 Musiclin'i 50 European capital 62 Timo period 53 Hard worker 55 Joint fastening S3 An i mats 61-----MacArlhur 62 Hold onto 63 Adriatic 64 Lockopaner DOWN 1 Strange ri'ver 3 Mistake 4 Self-esteem 5 Conflict 6 Son of Seth 7 Withered 8 Actor O'Brien 8 end outi 10 Always 11 European money 12 Omelet Ingredient! 13 Weekday: flbbr. 14 Burrowing animal 91 Fencing equipment 94 Garb 95 Health: Fr. 97 Sexton 99 Dillseed 101 Epea users 104 Dirk 105 Identical. 16 Down at bridge 17 Pleat 20 Canadian rivar 21 Lemon peel 24 Letting go 26 Wind Instrument 27 In deep water lOBBartlett 111 Church racan 112 One in the hand 113 Spanish matrons: flbbr. 117Hmtwood 118 Penetrated 121 East Indian harem: var. 123 Ribi 124Waien 125 Happening 126 Peep show 128 Superseded 129 Some railway! 130 Board i 133 Foolishly fond one 134 By and by 135 Appean gnawed 137 Organism modified by ment 28 Ingredftnt 29 Glrl'i nama 30 Building top 31 Depend on 32 Highlander'! ikirt 33 Un-mployed 34 Metal fastener 35 Money drawer 36 Gentle 40 Hong 42 Poisesslve pronoun 43 Bathe 44 Angler's pole 45 Smoke and fog 46 Hibernating animal 47 Extravagant melody 48 Some stories 49 Tell of danger 51 Night! bfiforf holidays 138 Ecuadoran Indian 141 Throw off 144 group: I nit. 146 Below: Fr. 147 Poetic word 149 Metrical poam 63 Minaral spring 54 Roman 52 56 Compeu marking 67 Brewed beverage 58 Pester 69 Nam. by birth 60 Pigi CRYPTOGRAMS SOLUTIONS OF LAST TTEEK'S PUZZLES B0QBB QDIHUa SBCiHB aaaa UUQQH HHQP [duu QDLIQ LIUULsI HUE) QL1UU rjLjUUQ UHtlUU QQfjg UQUCIUQ auuuuau aaaa uuua UHuuiu uugu DQDQQ QUaQB (inn ODD BQL19 HDdQ Linn 911130] QDQBBQ OEIQQ EHISJ31 3au naaa QBQDD Banana I. MANKICKSNOW, BBASHJET NT CMANH7 IRU YORKJET KCORKB. ----By Arehlhild V. McLeei 2.ARMDA URNTSK WXFMQA WQSTDQF USVA1 NSRKN RG ADQ NXQNQA. By Henry Gelmiaj [nan aauan unaa aaanina uuuuciu rjHuuuaa aaaaaa aaaamaa 1. LSSF RWKYB RSKY SKYB LSFR WLT. By Eul Irelinrl Wecki Cryptogram! .1. The hirdr fuchila phlox, profusely flowctlnf, wu tne enct I horticulturist inllclpited. 2. With wind chill firtor It feel) colder thtn In rlij-s of yore A. Sude, slender iinrl sid, ut it Ihe seishore Stturrliy, singing sly ua tongs. 4. Bouqutts quite Ihnapeutlc; ible to .cool Ibe eplilt.