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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 26, 1972, Lethbridge, Alberta E ATO NTS Big Home Furnishings Elegant French Provincial Dining Room Suht e-piece. SALE Mediterranean Style Dining Room Suite 6-piccci. SALE Rugged Maple Dining Room Suite 6-piecei. SALE Starts Thursday the colourful Eaton Flier delivered to your home It's brim full with values for your home Now is the time to buy at print to put dollars in your pocket If you have not received your Eaton Home Furnishings Sale Flier phone the Lethbridge Messenger Service at 328-2377 and one will be de- livered to you. To List A Few They are all in the Flier Plus Many, Many Merc Values: 699" 259" 299" 169" 249" 399" Walnut Finish Set for Young Moderns 6-pieces. SALE Romantic Spanish Suite on a Budget SALE Scandia Red Finish Suite 5-Pieces. SALE Round Style Kitchen Suite 5-Pieces. SALE Handsome Mediterranean Bedroom Suite 3-Dieces. SALE Newly weds' Triple Dresser Bedroom .Suite 3-pieces. SALE......................................... Mediterranean Style Bedroom Suite 3-pieces. SALE................................ Big Value Wringer Washer SALE Add Sale Viking Electric Range to Kitchen SALE............ Viking Refrigerator Frost Free SALE 21" Black and White TV Sale Tagged SALE Viking Console Black and White 23" TV SALE.............................................. All Ages Respond to Willis Piano Juil a few of the Values yeull find hi the Filer. Remember The Sale itarti Thursday and Friday and canllnvn Arwflh February. Police asked to turn in night sticks LONDON (Reutet) Brtt- bb policemen are t to bn in their old to help tin cmae of But deotWi are not afraid that the nujhurtkki win'be wed for knocking out They are for them M they can be turned iutlo new teeth for penonf with sensitive gums. Dr. J. A. von Fnunhofer, head of the central materials department at the Institute of Dental Surgery here, said the old nighUUdu, which went out of service after the war, are made of lignum vttae, a specially hard wood from the West Indies. "Because it li strong and chemically inert, it cannot coroae 8t body temperatudes, has no impurities and can be formed into any shape to very close he Mid. It is particularly suitable for persona with sensitive gums which were Intolerant to met- Wadnnday, jMWry It, THI UTHMDM MU1D 21 FUNERAL FOR KING FREDERIK Members of the Danish Royal Family and Europ- ean royalty attend funeral service in the Cathedral of Roskilde near Copenhagen for King Fredvrik IX. In the front row from left are: Prince Richard and Princess Ben Benedikte of Denmark: King Constantino and Queen Anne-Marie of Greece; Prince Hen- rik of Denmark; Queen Margrelhe, the king's daughter and his widow, Queen Ingrid. Ottawa business letter Booklet guide for stock investor By PAUL JACKSON Herald OtUwt Bonn OTTAWA Almost every Investor has experienced ti fleeting thriU of thinking he has at long last discovered the per- fect system to beat the itoc market. A rather deflating fair when the truth finally hits home. Back ia 1947, Ernest 3. Staby published a booklet in the Uni ed States showing how to chart a particular stock's succest by using the point and figure meth- od of charting. Until then, char Ing by the individual layman bad been a particularly hazar- dous bustaeM. In many in- stances it still Is. Staby's booklet, Stock Mar- ket Trading: Point and Figure Investing Made Easy, has now been reissued by the darner stone Library, of New York Cornerstone alb it the "ori ginal classic" on the subject Whether it deserves that de- scription or not, it certainly Is downright fascinating. It was Staby who popular bed such descriptive terms for chart formations as the bullish recoil formation, the s p r e a triple top formation and the bearish catapult move. The; could add lots of color to dull day. LITTLE RELATION Staby's theory wai based on the generally accepted notion that quite often the price of a company's shires on the nar ket bears little relation to book vetoes. After all, the selling price of a share can vary 10 or even 30 per cent in a single week despite the fact that no one believes the fortunes of a business or industry can so abruptly. Ho, concluded Sta- by, the share price Is goveraet by emotion rather than hare financial facts. For various reasons a stock market player suddenly be- Natives train as helpers BASE BORDEN, Ont. (CP) Twelve Indians and Eskimos have enrolled for a seven-month course as aircraft mechanic helpers. The course, which starts Jan. 29, is designed to encourage people of the Northwest Territo- ries to contribute to the develop- ment of the North. It is held at Canadian Forces Base Borden. Successful graduates are ex- pected to be hired by civilian firms maintaining aircraft in the Arctic. The course was designed by the Canadian Forces Training Command and is sponsored by the federal department of In- dian affairs and inn them devel- opment. Nine northern Canadians graduated from a similar course in 1971. RUYLINE 1 Shop Ealan'> Friday OnMondlnf ttemrhmMihia Me Vahm. by M DIM LIRE 410-0011. Your Eaton ludgtt AtcwM with Crew members jump overboard SAN JUAN (AP) The U.S. Navy said a 450-foot merchant vessel caught in early today off the northeast coast of Puerto Rico and that 12 crew members abandoned ship without injury. A spokesman said that the Nassau registry snip, the leona-C, was en route to Puerto Rico from Trinidad. The Huntsville, a U.S. oceano- graphlc ship, picked up the crew member! at they jumped off the aMp, the navy reported. A coast guard cutler, the Point Ward, later took the cap- tain and the first mate off the comes infatuated with a par- ticular stock for no rational motive. A little like a boy-girl love affair in more ways than one. Infatuation causes demaoi to exceed supply and the price is driven up. That's why one Mock sells at five times its an- nual earnings and another at 20 or even 90 times. By keeping Intricate point and figure charts on a number of slocks Staby assured a play- that one could outguess the public. You could tell when a stock was about to gain the public's favor and, just as ira portant, lose it. Staby explained by the use of little crosses on charts how day in day out particular for- mations development. Some formations indicated bullish re- coils or bearish catapults about to spiBjg from other, more stable, formations. Following the charts closely you could get in a jump ahead of the buying public. All this, of course, Is a bit too dicey to those of us who prefer to do our investing on'the basii rf a ooinpanys' solid perform- ance based on Its management team, products and future plans. But this shouldn't mean the book should be struck off anyone's reading list It has a lumber of good pointers of in- terest to most Investors. SUGGESTS AMOUNT He suggests that the amount of capital one has for invest- ment may not bear too greatly on the returns it is possible to get. Far better to have (500 and keep it on the jump rather than tied up m dead, non- moving stocks. Far better to make a five per cent gain in a month man 30 per cent In a ear. When it comes to setting up a business, the stock market is often the place for the year- age joe. No rent, no labor, no Inventory, no costly equipment, no unsalable merchandise _ and above all no profit limit. No other business can be start- ed with so little and yet offer so much. If his charting theory seems a bit wild to you, you'll be sur- prised to learn that Staby sob- erly suggests every investor should keep his trading on a strictly cash basis. You sleep better that way. And, naturally, be points out that you can double your work- ing capital without borrowing a penny simply by turning over your money twice as fasti Ship collision case closed OTTAWA (CP) An attempt by the federal transport depart- ment to reopen bearings into the Aug. 2, 1970, collision be- tween a British Columbia ferry and a Soviet cargo vessel was turned aside Tuesday by the Su- preme Court of Canada. The earlier formal investiga- tion into the mishap by Judge E. J. C. Stewart found Robert Pollock, skipper of the ferry, and D. G. Crabbe, pilot of the Russian vessel, had committed wrongful acts or defaults. Mr. Crabbe's licence was sus- pended for 15 months. However, the judge decided not to deal with the licence of Capt. Pol- lock. The transport department sought to appeal the judges de- cision not to suspend Capt. Pol- lock's licence. But the high court ruled the department had no right under the Canada Shipping Act to make such an appeal. 3 DIED IN COLLISION The collision between the erry Queen of Victoria and the Russian vessel Sergey Yesenin occurred in Active Pass, which lies between Galiano and Mayne Islands. Three lives were lost and there was serious damage to the ferry. Hie formal investigation said that Captain permitted the Queen to be on the wrong side of the narrow channel and had failed to maintain a proper lookout to enable him to navi- gate properly through the chan- nel. But because of his age-57 at the good maritime record and the fact that em- ployer had suspended him from service, the judge decided not to deal with Captain Pollock's cer- tificate. Captain Pollock asked the Ex- chequer Court to dismiss the de- partment's notice to appeal the findings. When it did not, he took his case to the Supreme Court. In its unanimous judgment, the high court said the depart- ment could appeal findings of formal investigations under the Canada Shipping Act only if there were grounds for suspect- ing a miscarriage of justice. But if that were the case, then the minister was bound to order a rehearing of the formal inves- tigation, rather than appeal to another court THIS COUPON WORTH AT f QV THE CALGARY TOWER on the purchase ot a regular adult elevation ticket I I I COUPON VALID UNTIL MARCH 30TH, 1972 THE HIGH POINT OF ANY VISIT TO There are some things you just have to do In Calgary and first on the list, ol course. Is a trip to the top ot the Calgary Tower. up for lunch or dinner, both served wild a view to please, and use this valuable coupon (or savings ol 75( on the purchase of a regular adult elevation ticket. Out-of-town visitors an) especially welcome at the Calgary Tower. You'll feel right at home in the friendly surroundings o( The Panorama Room, our famous revolving dining lounge, where the magnificent cuisine is a constant delight. Enjoy such specialities as our delectable Curried Shrimp, Roast Prime Rib ol Reel au jus, or Veal Cutlets, prepared in tha French style with and Parmesan cheese. Or take a quiet break at Top ol Tbt Towr, our Intimate cocktail lounge In the very topmost part ot the Tower. Not to be forgotten, either, is The Inn, our down-to-earth ground-level pub, ottering hearty old-style rsJrEshment and sing-along entertainment. Get away from it all... at The Calgary Towtrl RESERVATIONS AND INFORMATION: 266-7171 The Calgary Tower Your Mcapa from today (s a mlnutt awayf ;