Lethbridge Herald, The (Newspaper) - July 14, 1973, Lethbridge, Alberta
Stock market analysts forecast lower prices By SANDRA INGALSBE TORONTO (CP) -Stock market analysts generally agree that the prices of many quality stocks have been eroded to bargain levels, but few are recommending any wholehearted buying spree. Prices are low, but they could go even lower, and analysts say buying should be cautious and selective until a definite upswing appears. In a recent Canadian In- vestment Letter, Babson's says: "Clients are advised to emphasize quality. Specula- tive issues should not be pur- chased at this time. Holdings of stocks with high price-earn- ings multiples should not be increased." Moss Lawson and Co., To- ronto says "the market needs some strong stimulation to sustain a the stimu- lation hasn't yet appeared." The firm advises "patient accumulation." Among its recommendations ere Royal Agassiz Mines Ltd., "one of the better speculative issues for participating in the cur- rent buoyant gold and Tetodyne Canada, a stock with "capital gains potential as a well-regarded junior in- dustrial." Royal Agassiz closed Wednesday at and Tele- dyne at DONT BE CASUAL Bongard Leslie warns vestors against "being too caught up in (he casual mood induced by summer." It says the market "offers a startling array of bargains, which will prove then- worth over the coming months." Among Bongard Leslie's DEALERSHIP OPPORTUNITY NEW MIRACLE COATING Replaces Paint on ANY SURFACE Join the worldwide successful team of "ASBESTEX" dealers. "ASBESTEX" is a product of the "OLD" QUAKER PAINT CO." (Estab. "ASBESTEX" had 40 yean of field testing and is guaranteed for 20 years, with a life expectancy of up to 30 years. "ASBESTEX" means "NEVER PAINT No experience is required, however, tome management ability is an asset. Education not as important as ability and willingness to absorb new ideas and make yourself financially secure for life. Income range is the high 5-figure bracket. All training in application of "ASBESTEX" and distribution is provided by factory-trained personnel with a continu- ing and guaranteed program. if Guaranteed return of capital investment through ride discounts. You must make money or WE BUY BACK YOUR DEALER- SHIP. Applications are invited from serious-minded individuals or companies who would like to get in on the ground floor of this amazing and rapidly expanding business: .Investment required Write (or National Merchandising Driector OLD QUAKER PAINT CO. CANADA) LTD. 413 Hillside Victoria, B.C. Phone 384-6731 recommendations and their dosing prices Wednesday are: Hiram Walker Abitibi Brascan Bethlehem Copper Dy- nasty Inco and Sherritt Gordon Wood Gundy Ltd. says: "Against a complex and emo- tionally-charged background the markets could go lower in the short-term. There is no sense in fighting the tape and clearly it remains prudent to maintain cash reserves in the face of so many unknowns. "While caution is needed Investors should not lose their eye for value." Wood Gundy says selective buying opportunities exist in distilling, oil and gas, mines and metals, forest products, banks and selected U.S. com- panies. LIStS SUGGESTION Among its specific recom- mendations and their closing prices Wednesday are: Dis- tiHers-Seagrams Imperial Oil Noranda Consoli- dated Batfaurst and Ca- nadian Imperial Bank of Commerce Rosmar Financial Report says investors have over-reac- ted to bad news and virtually ignored the good. "While we cannot prove it by charts or theoretical equa- tions (which usually emerge after the event) we get the 'feel of the that the gloom days are about over." R o s m a r recommends Mclntyre Porcupine Mines, which it says should benefit from a better coal outlook and improvement in its 37- per-cent-owned Fatconforidge Copper. Mclntyre dosed Wednesday at New VD treatment SYRACUSE, N.Y. (AP) A "pleasant-tasting, easy-to- drink" antibiotic for treatment of uncomplicated gonorrhea has been given Food and Drug Administration approval for marketing, Bristol Laboratories announced here. It is a single- dose treatment containing ampicillin trihydrate with probenedd, said Bristol. BUYING or SELLING call FRENCH MONDAY p.m. SPECIAL Feeder Hog and Baby Calf Sales Wednesday! a.m. FAT CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOW MONDAY THRU FRIDAY. WE BUY AND SEU FA? AND FEEDER IAMBS DAILY carry Hartford on all livestock FRIDAY 10 a.m. FAT and FEEDER CATTLE SALES 1 p.m. ESPECIAL STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS. ED FRENCH 328-39B6 DAN KLASSEN........ 345-435B KEN MILLER, MAGRATH LOU DEJAGER WHIT HENINGER...... CONSIGN All YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK "In The Heart of Canada's Ranching Country" Ph: 327-3986 Alberta Stockyards P.O. BOX S.S. 1-7-7. LETHBRIDGE, ALBERTA INSURANCE COMPANY IIFE SALUTES WAYNE P1EKSON Tober Pheiw 223-41 SB EPSILON AGENCIES As its outstanding agency for the month of June and the 1st half of 1973 Wayne Pierson and Larry leavitt are showing he way in building an outstanding life Insurance Agency for Lethbridge and other ports of Southern Mberta. With the of the Rexivest eon- ct, exclusively marketed by Paramount life, their experience through servicing many hundreds of sat- isfied clients in Southern Alberta, ond the ability to ond build others, the Epsilon Agencies op- oeors headed to be of the fop Agencies in Al- berta. If you ere interested in en exciting end reward- Ing career, contact Wayne or lorry, they have the Interest ond the Nan. LAfiRY UAvirr Top Company Producer June 1973 CHARUE FOUNTAIN Barhead Phone 6744125 CARL JOHNSON PhMW 545-2620 GIH SCHAFFER Cordston A53-4024 EPSILON AGENCIES LETHBRIDGE Phone 328-9436 Bond prices Supplied by Doberty McCuaig Limited 60VMHMINT Or CANADA tONDS Oct. 1, '75 96.00 96.50 July 1, '78101.5010250 Sept. 1, '83 78.00 79.00 Sept. 1, '92 78.00 80.00 3 Sept. 15 Perp 38.00 40.00. April 1, '75 98.50 99.00 July 1, '75 100-50 101.00 PROVINCIAL OOVMNMENT OF CANADA OUARANTKKD BONDS Alberto '90108.00 105.00 Ontario 7 '88 88.00 90.00 Wheat supplies decline WINNIPEG (CP) Visible supplies of Canadian wheat to- talled 172.8 million bushels for the week ended July 4, the Ca- nadian grain commission said Tuesday. In a weekly report, the com- mission said this was a decline from the 173.4 million the pre- vious week and the 244.3 million for the same period last year. Fanner's marketings totalled 10.6 million bushels, down from the 11.9 million the week eb- fore and the 15.4 million for the same week last year. Overseas clearances totalled 9.5 million bushels, down from the 11.7 million last week but up from the 8.0 million for the same week a year ago. U.S. fuel shortage improved A survey of service sta- tions across the United States shows that 43 per cent of those surveyed are reported oper- ating normally, white 48 per cent are limiting their fuel supply and 10 per cent are al- locating gaDonage. According to the American Automobile Association, con- ditions have been stabilized somewhat and there jg a gen- eral overall improvement. Hie major national parks in the United States, have report- ed adequate fud supplies. In the states of Washington, Oregon, and Idaho, 71 per cent of the service stations are limiting their supplies and 11 per cent are allocating gaUon- M Montana, Wyoming, North and South Dakota, Utah, and Colorado, 34 per cent are limit- fud, whSe 10 per cent are eating. Tne survey indi- cates that conditions have im- proved here. Nevada, California, and Ari- zona, report 65 per cent of stations limiting fuel, and 11 per cent are allocating gas- otine. No problems have been reported in the cities, how- ever, caution is urged through- out remote areas, as-stations moiling hours of opera- Car overturns OLDS (CP) William Wei Leatherdale, 16, of Olds, was killed when his car struck an approach to a field and over- turned five miles north of here. Beef futures WINNIPEG beef Mores close Friday. Jly Sep-47.70A; Nov 47.50B; Jan 47.60B. Thursday's volume: 35 con- tracts. Y SAND GRAVEL ASPHALT TOLLESTRUF SAND AND GRAVa Construction Co. ltd. PHONE 321-2702- A J All TYPES OF AIR CONDITIONING AND REFRIGERATION WINDOW COOLERS AND CENTRAL UNITS CHARLTON HILL LTD. 1262 2nd AVENUE S. PHONE 33B4SBB Ont Hyd 9 New Br Nfld 8 N. S. Quebec Alberta Man Hyd 8 Sask Nfld AGT 8 Man Tel 8 'M 106.00 108.00 '90 107.00 109.00 '74 99.0010100 '92 82.00 8440 '74 99.00101.00 '90 104.00 106.00 '91 96.00 98.00 '90 104.00 106.00 '90 107.00 74 99.00101.00 '74 99.00101.00 INDUSTRIALS Atta G T 9Vi% Alcan B.C. For B.C. Tel Bell Tel Bell Tel CP Ltd CP Sec Cdn Util CWNG Gulf (Ml Inter P P Massey Noranda 9V4% Int Nickel N and C G St of Cdn Tr Tr Cdn P 10% WC Tr '90 104.00 106.00 '91 106.00 107.00 '92 106.00 108.00 '90 103.00 105.00 T9 106.00 107.00 '93 107.00 109.00 '89 100.00 102.00 '90 105.00 107.00 '91 106.00 10840 '90 106.00 108.00 '90 102.00 104.00 '90 106.00 108.00 '80 106.00 107.00 '90 104.00 106.00 '90 104.00 106.00 '9110540 107.00 '90 104.00 106.00 '90 106.00 109.00 '90 109.00 111.00 '93 97.00 98.00 CONVERTIBLES Alta G T '90 120.00 Cons Gas '89 84.00 8640 Dynasty 7 '82 100.00 110.00 Addends '88 99.00 10100 Sour Rain 7y4% '88 85.00 87.00 WC Tr C 74.00 77.00 WC Tr '91 97.00 99.00 New tanker rules PRETORIA (Reuter) Loaded oil tankers must travel at least 12 miles off the Sooth African coast under regula- tions announced here. A gov- ernment spokesman said the regulation was drawn up be- cause of an increasing risk of collision, with the threat of massive coastal pollution. HAIR-FLAIR Beauty Salon 503 7th St. S. PHONE H.H. Smith ltd. Customs Broker PHONE CALGARY PHONE 263-8060 I LCTHBRIDGt PHONE 328.8141 coins Homo Office Ph. 3443822 Saturday, Jvly 14, 1973 TNI LfTHMIDOl HRAlft fjj Soviet-U.S. trade expanded WASfflNGON (AP) The United States wifl be the Soviet Union's largest trading partner by the end of the year as the result of expanded trade reta- tlons, Soviet Ambassador Anatoly Dobrynin told Aineri- oan businessmen Thursday. Dobrynin made the prediction at an organization session of U.S. businessmen setting up the American side of a joint U.S.-U.S.S.R. chamber of com- merce. The meeting, held at the com- merce department, was called to begin carrying out a June 22 agreement between President Big profits OTTAWA (CP) owned companies took about million in dividends and profits out of tiie country last year, the Commons was told yesterday. Put another way, the profit earned by Canadian subsid- iaries, affiliates and branches of foreign corporations totalled seven per cent of the profits of all Canadian companies in 1972. The information was contam- ed in a written reply tabled in the House by Trade Minister Alastair Gillespie. Harry Olaus- sen (NDP Coast ChOcotin) had sought the information. The reply also said the gov- ernment gave million in subsidies to foreign-owned com- panies last year. ANNOUNCEMEHT PAUL V1CKERS CIS Co-operative Insurance Services, is pleased to an- nounce the appointment of Paul Vickers as a sales re- presentative for the Leth- bridge area. Paul's new posi- tion involves ihe sales and service of Fire, Auto and Life Insurance, also Retirement Savings Plans and Annuities. Paul invites his many friends and customers to call him for any of their insurance needs. WANTED SCRAP IRON NOW PAYING MORE FOR ALL TYPES OF SCRAP METAL Farm Industrial Scrap-Machbiery-DemolHion Anything of Iron! COPPER MLASS RADIATORS BATTBHfS CAST MM etc.- Truck Loocb Carloads Track Scalts Magnet Service National Salvage Company LIMITED NEW LOCATION 206 13rd Street North Phone 321-1721 to Ovr Common people wear The Common Sense In some localities hard i They're shatterproof. They're ontyrwHthtweigM of Thsyre backed by a warranty sgsJHt They're in YOUR prescription. vO who MW? SfMwiefitifKj fpj vte ttttlnQ of Bye- OPTICAL PRESCRIPTION CO. Nixon Soviet party leader Leonid Brezhnev to set up a iianil um joint cnamoer. Donald KeodaB, chairman of Pepsico foe., was named chair- man of the U.S. side joint KendaU told reporters that about the only place the U.8. has a chance to get a trade sor- plus is in Eastern Europe. "They are behind us in sumer Kendall said, adding that Soviet dtiaens bave money to spend and went to buy VJS. products. Delta hearings dates announced CALGARY (CP) Dates for public hearings into study of the Peace Athabasca Delta were announced today by Dr. Walter R. Trost, chairman of the Environment Conservation, Authority of Alberta. 7 The hearings will be held Sept. 25 Fort CMpewyan, AKa., 350 miles north of Edmonton; Sept. 27 at Uranium City in northwestern Saskatchewan, and Oct. 2 in Edmonton. The hearings will examine recommendation of the Athabasca Delta project group, a body appointed by the Alber- ta, Saskatchewan and federal governments to study tee low water level on Lake Athabasca and its effect on the delta. JOURNEYMAN MECHANIC REQUIRED IMMEDIATELY IY WELL EQUIPPED, CLEAN SHOP company Apply to Service Beny Chevrolet Oldsmobile 2nd Ave. and 8th Street S. Phone 328-1101 HEINITZ PRINTERS STATIONERS 324 9th St. S. Phone We Are Pleased to Announce That new official Dealers for LD.S. Books, Missionary and Genealogical Supplies For the 151st Quorum of the We have a lorae Inventory of and Supplies, wbh ample free parking to make your shopping convenient to you. CURRIE'S FINE FOODS PUBLIC RELATIONS OFFICER responsible for providing information services to mem- of a professional association and ihe public in sup- port of the public relations objectives of the association. General duties include writing, editing and layout of a monthly news bulletin, press releases, media con- tacts and co-ordination of the annual sonventlon. Applicants should have the type of qualifications and experience which would allow them to perform the above duties confidently. Experience in communi- cation and public relations with an association would be desirable. Salary will be commensurate with experience and preparation. Deadline for application is July Send your resume to: EXECUTIVE SECRETARY ALBERTA ASSOCIATION OF REGISTERED NURSES 10250-712 STREET EDMONTON TSK 1M6 PREVENTIVE SOCIAL SERVICE DIRECTOR TOWN OF ST. PAUL A director is required to carry out a Preventive Social Service program in this region. Duties will dude community organization, service coordination, public relations, interpretation of philosophy, and administration of the overall program. Applicants should have experience and skill in community work and a dedicated interest in people. The successful candidate may have a professional degree in any variety of disciplines (i.e.: social work, psychology, education, theology, physical education, etc.) or an equivalent combination of education and experience. The person must have demonstrated a good level of maturity and history of involvement of achievement in community affairs. This is a challenging opportunity for an imagin- ative approach to create and develop: community resources, community services, and the use of volun- teers in area of family and individual service. Training and consultation, will be available to The appointee from the Provincial Deportment. State salary expected. Appfficattom will be received up to S p.m. Tuesday, Mf at the office of the LAURENT RICHARD, Sec. Ti Town of St. Pad P.O. Box 24t St. Paul, Aha.