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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 22, 1970, Lethbridge, Alberta Wttfntidoy, July 12, THE IETHBRIDGE HERALD 21 Market Mixed In Early Trade TORONTO (CP) The To- ronto stock market moved frac- tionally higher .in light mid- morning trading today. On index, industrials were up .04 to 153.63, golds .50 to 153.60 and base metals .08 to 91.21. Western oils dropped .98 to 133.99. Volume by 11 a.m. was shares, down from at the same time Tuesday. Losses outnumbered gains 71 to 61 with 132 issues unchanged. The market had moved down- ward Tuesday', interrupting six consecutive gaining sessions. Analysts said the decline was caused by profit-taking. Among advancing stocks, Bombardier was up to 12V4, Petrofina Vt to 16, Toronto Do- minion Bank to 18, Lake Du- fault to and Inco to 40. CPHlost to Inland Gas Vt to Royal. Bank to Electro Ltd. to 17 and Cominco Vt to 20. DECLINES Meanwhile in Montreal prices Finns Plan To Drill In Britain LONDON (CP) Canadian and' United States petroleum companies are planning to drill for oil and gas in West Sussex on Britain's south coast. Involved as partners in the project with the Pennzoil United Co. of Texas are Ulster Petro- leum of Canada Ltd., and Mesa Petroleum, both with offices in Calgary. The firms have applied for permission to start drilling in September. But the application drew criticism today from The Daily Express. The London newspaper said in an editorial permission should be refused for fear of destroying the beauty of the Sussex coun- toyside. West Sussex County council is to consider the. oil companies' application next month. Ulster Petroleums Ltd., which has its head office in Calgary, controls oil and gas properties in Canada, the United Kingdom, the United States and Italy. Uls- ter and subsidiaries had com- bined assets of about last year and held proven re- serves estimated at about barrels of oil and cubic feet of gas. Potato Futures WINNIPEG (CP) The mar- futures market wfcs qiriet today: "'Open High'Low Close Mon. Nov. 2.30N Mai- 2.57N 2.57N Apr 2.70A May 2.88B on the Montreal stock market recorded fractional declines in all sectors in light early morn- ing trading today. The market uncertainty con- tinued a small decline that began Tuesday, ending four straight days of sharp gains. On the Montreal Stock Ex- change, petroleum issues were mixed. Imperial Oil was unchanged at 16% following an announce- ment that earnings for the first six months of 1970 were esti- mated at or 35 cents a share. For the same period of 1969, earnings were or 36 cents a share. Aquitaine was up at 19 and Petrofina Canada 16. Pa- cific Petroleum slipped to 2lVa and Shell Canada fell to Among banks, off VB were Royal Trust at 27, Koyal Bank at and Bank of Montreal at Bank of Nova Scotia rose to 17. In other issues, Kell Canada slipped to 42K, Cominco Vi to 20 and Alcan Aluminum Va to 21. Abitibi and Imperial To- bacco were unchanged at 7% and 13Vt respectively. On index, banks slipped .69 to 162.87, industrials .48 to 155.00, the composite .47 to 150.61, utili- ties .35 to 125.59 and papers .05 to 80.95. DRIFT LOWER Meanwhile the New York stock market prices, apparently still under some pressure from profit taking on last week's sharp gains, drifted lower today in slow trading. At noon, the Dow Jones aver- age of 30 industrials was off 0.89 at 721.18. Declines ran ahead of adv- ances by about 5 to 4 among the issues traded on the New York Stock Exchange. Most analysts said consolida- tion pressure was the key factor in the downturn. They said this was not unexpected in light of last week's steep advances. Penn Central was trading up at 6Vg. A federal judge named trustees today to oversee the Penn Central Railroad Co's reorganization under the bank- ruptcy statutes. Handleman Co., on a delayed opening was down IVt to 22 on shares. At noon, a block of shares of Goodyear Tire and Rubber crossed the ticker tape at down 2. This was the largest number of shares crossed in the history of the New York Stock Exchange ac- cording to Salomon Brothers and Hutzler, which handled the, trade. Among Canadian stocks, Dome Mines picked up 1 and Genstaf was up Losers included Alcan down Vt, Canadian Pacific off Vs and Hudson Bay Mining off On the American exchange, Canadian Javelin was up Va, while Canadian Marconi dropped Vt and Molybdenite was off BATA SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable tor shoe store or Indies wear store APPLY: Stan's Men's Wear 321 5th St. S. GOVERNMENT OF THE PROVINCE OF ALBERTA DEPARTMENT OF LANDS AND FOREST Notice of Public Meeting A meeting will be held in Room 130, Natural Resources Building, Edmonton, on August 21st and 22nd, 1970, from a.m. to p.m., to discuss non-resident hunting and big game guiding. Written briefs from individuals or organizations on the above topic should be presented at the meeting. Each person will be granted from five to ten minutes lo verbally review the written brief presented at the meeting. The Fish and Wildlife Advisory Committee will be present at the meetings to receive submissions and to answer questions relating to the above topic. Further information may be obtained by writing to the Deputy Minister, Department of Lands and For- ests, Edmonton, Alberta. V. A. WOOD, Deputy Minister Dated at Edmonton, Alberto. U.S. Trade Bill May Yet Be Watered Down By ROD CURRIE WASHINGTON (CP) ,Thc emerging shape of United States trade policy, as it gets a major working over for the first time in eight years, demonstrates the increased strength of the con- gressional tide running in favor of protectionism. As the powerful House of Rep- resentatives ways and means committee puts the finishing Livestock Lethbridge livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 90 cattle. Receipts mostly s I a u g liter steers. Cattle market active. Good and choice butcher steers meeting an improved demand. Prices 25 cents Or more higher. Medium grades strong to 50 higher. No butcher heifers sold early. Cows scarce and selling steady. Choice steers 29.50 to 29.90; good 28.50 to 29.25; medium 26 to 27.50. Good cows 21 to 21.50; me- dium 19.50 to 20.50; canners and cutters 16 to 19. Butcher hogs sold Tuesday f.o.b. Lethbridge 27.85 to 28.45 base price. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about head; mostly slaughter steers and heifers. Trade was active. Slaughter steers, heifers and cows were steady. Choice slaughter steers 29.50 to 30.10, good 28.75 to 29.50, me- dium 27 to 28.50. Choice heifers 27.25 to 27.60, good 26.25 to 27, medium 25 to 26. Good cows 21.50 to 22, medium 20.25 to 21.25, canners and cutters 18 to 20. Good bulls 26 to 28. Replacement cattle were mostly fleshy steers and heifers meeting a good local demand at steady prices. Good feeder steers' weighing more than 750 pounds 29 to 31. Good feeder heifers 26.50 to 28. No stock or slaughter calves offered. Hogs base price 28.10. Good lambs sold lower Tues- day at 22.25. Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Rape- seed prices were on a strong- er pattern at m i d-session on the Winnipeg GraSn Exchange today. Apparently following a stronger prices pattern on the Chicago soybean market, rape- seed posted gains of up to 3% cents in heavy speculative trading. Flax continued to show frac- tional losses in all futures, while other commodities were generally near previous close levels in extremely light trad- ing. .Tuesday's volume of trade was bushels of flax, of rye and of rapeseed. High Low Close Flax Jly 282 280 Oct Nov 264 263 Dec 260% 260% 27014 264 260% May Rapcsccd Jly 283% Nov 270 Jan ,264Va Mar 259V4 May Oats Jly Oct Dec May Barley Jly Oct Dec May Rye Jly Oct 99% Dec May 279 267% 261% 260 Vz 99'A 280 270% 263V8 260% 263% 280% 268% 263% 259% 255% 76% 76% 77% 111% 113 113 116V4 96 99% 100% touches on its recommendations could be modified later in is apparent President Nixon could be given broad discretion he neither asked for rior wants in applying trade restraints. Some observers even suggest that unless the trade bill is toned down considerably by con- gressional action, Nixon might be tempted as a last resort to veto it. For 35 years, through succes- sive administrations, the whole thrust of U.S. policy in varying degrees has been toward freer trade, not only from a spirit of manganimity but also on the cold economic theory that ulti- mately it is best for U.S. busi- ness. CRY FOR PROTECTION Despite President Nixon's known political commitments to the cotton-growing South and the powerful oil heavy contributor during the 1969 presidential election cam- observers seem willing to accept at face value his renewed assertions of faith in free trade. The textile and oil industries have led the pack in their cries for protection against cheaper imports. Throughout, chairman Wilbur D. Mills (Dem.-Ark.) of the House committee has always appeared to observers as simply brandishing the weapon.of_prot- ectionism, without much inten- tion of firing it. Then, suddenly, he let go with both barrels. In an unexpected move, the committee agreed on fixed im- port quotas for textiles and shoes and on sweeping presiden- tial authority to limit imports on all other goods under certain circumstances. In other words, they handed him a politically hot potato. Before free-traders recovered their voices, the Mills commit- tee unveiled its scheme to have oil import quotas frozen into the foreign trade bill. This would deny Nixon the discretionary power of shifting to a tariff system as recom- mended earlier this year by a cabinet-level group after a year's study. It was a major it the domestic oil producers, who have strongly opposed the tariff system. The cabinet committee plan would have eventually opened the U.S. market to almost unlimited Ca- nadian imports, and over-all, its backers say, save American consumers more than annually in cheaper imported fuel. Some observers were quick to jump on the idea that the Mills committee had worked at the behest of the president in that the freeze would "get him off the hook." If the oil quota amendment becomes law, Nixon would thus be insulated from strong polffi- cal pressures from the oil indus- try, from legislators, from the oil-hungry Northeast and con- sumer grbups. The matter, in effect, would be taken out of his hands. But Nixon moved fast to deny any such plotting, with the White House saying thai Nixon prefers flexibility on oil import policy. To emphasize this stance, ad- ministration spokesmen said that in fact the whole bill was "dangerously postured" in that it could lead to retaliation and be detrimental to the domestic economy. It is this frank administration statement that leads several ob- servers to suggest that the White House will work within Congress to have the trade bill watered down or, failing that, invoke the veto. Dollar Value MONTREAL (CP) The U.S. dollar in terms of Canadian funds was off Vs at 1-16. Pound sterling was off 3-16 at NEW YORK (CP) Cana- dian dollar up 744 at 97 1-32 in terms of U.S. funds. Pound ster- ling up 5-64 at 59-64. Smitty's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridge to be open about Octo- ber, 1970. Cash required approximately Capital investment returned in ap- proximately four years. For further information please or phont SMITTY'S PANCAKE HOUSES LTD. 709 8th Avti. S.W., CALGARY, Alberta. 363-5683 (403) MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal (Supplied by Dolierty, Roadhause and McCuaig) LAST BID OB SALE a.m. Quotes) a.m. Ctiotes) a.m. Quoies) WESTERN OILS 4.40 11.25 9.4S 2.85 3.35 6.30 6.25 9.00 Almlfiex Asatnera Banff........ B P Oil Gas Can South Cdn Ex Gas Cdn Grlgol Cdn Homesfd Cdn In Gas Oil Cdn Long Is Cdn Super Cent Del Rio Chleftan Dome Pole Dynamic Pete French Pele Gl Plains Mill City Numac Pcrmo...... Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner West Decalta MISCELLANEOUS INDUSTRIALS Atco !nd 9.75 Aquataine Brit Nfld Cdn Hydro Cdn Pac In Pfd. CPR Pfd Cygnus A Cygnus B Gt Cdn Oil s Gt Cdn Oil 6-75 100.00 Home A Home B...... 15.50 Hud Bay Co 13.25 Hud Bay Oil 35.75 Hud Bay OH Pfd 52.00 Hugh Russ Pfd. 19.25 Husky Oil 3.00 Husky Oil War. In Prov Pipe In Util Pfd Inter Steel Pipe Jefferson Lake. 1.13 13.00 26.75 8.75 6.25 5.00 19.50 1.25 .....5.25 .64 1.01 .75 1.11 M 8.80 13.75 1.30 4.00 18.75 4.05 12.25 20.50 4.50 4.10 3.60 2.30 8.80 24.00 5.75 8.00 5.50 22.00 13.50 27.75 ftS 13.50 Joutel Kaiser Res Kam Kolla L Ont Port cem Mentor Newconex Pacific Pete Scik Hold Shell Inv Shell Inv Pld Shell Inv WIs Sicks Rainier West Cdn Seed Whit Yuk CALGARY Acroll....... Ana Pete Barons oil North Cont Plains Pete West Warner Leduc Calmar Madison Quinalta Rexdale.......1 PIPELINE STOCKS Gas Tr L A 41.50 Alta Oas Tr L Pfd 70.00 Gr In Shares 2.70 2.95 Invest Gr 9.40 10.28 Invest Mutual 4.63 5.06 (OS Vent 3.00 3.28 Mutual Ac Fund 4.19 4.61 Mutual Gr F 3.64 4.00 Mutual in Nat Res N W Fin N W Growth ___ Principal Gr 3 Regent Fund 215 Royfund United Ac Universal Sa .07 .22 .17 VANCOUVER Anuk........ Arctic Mining Atlas Explor Beth Copper Block Bros Brenda B.C. sugar capt Inter 4.13 4.54 6.36 6.95 3.31 3.64 3.84 4.22 3.44 3.78 7.01 7.66 4.59 4.06 4.46 5.75 6.28 .50 .19 1.10 12.75 2.95 9.60 u.oo 3.20 Inland Hat Gas Endako Churchill Copper 3.25 Creslbrook For Ind 6.50 Croyden Dolly varden Dynasty Fort Reliance Giant Mascot Key Indust Hy's interior Brew Jericho Kamloops Copper 12.75 N and C 11.25 N and C B Pfd 25.00 Gax Metro 3.50 Tr Cdn Pipe 27.75 Tr Cdn Pipe Pfd 36.00 Tr Cdn Pipe P A 53.25 Tr Cdn Pipe War 7.00 _____ Wesfcoast Tr Kaza Copper Western Pacific 4.25 Lorncx MUTUAL FUNDS Lytton Minerals AGF Special 2.00 Madrona All Cdn Com 6.10 6.67 New Cronln AH Cdn DMd 7.12 7.78 New Imp Mines All Cdn Vent 3.0d 3.32 North star Copper Amr Gr Fund 4.19 4.66 Primer Cdn Growth 4.14 4.54 Pyramid Cdn Invest F 3.91 4.29 Silver Standard Col Mutual 4.B7 5.35 T C Explor Comnw Inter lo.t' '1.68 Texmont Comnw Lev 2.67 2.93 Trojan Corp Invest 4.64 5-07 Western Mines 4.30 Corp Invest S F 4.23 4.63 Westcoast Res .22 Dreyfus F U.S. 9.72 10.65 Western Explor .1 C.1 Cq i! 5.33 5.85 Utica 8 2.90 .35 5.75 4.15 .10 .18 6.65 2.25 .33 07 1.68 .55 .16 1.50 .52 TORONTO MINES, INDUSTRIALS Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Atlan Sugar Bell Tel Brazil Trac B.C. Tel..... Burns...... B.C. Forest B.C. Sugar CAE Ind Cdn Brew Cnemcell Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler CPR....... Cominco Cons Bath Cons Gas Dist Sea Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Fam Play Fd of Amer Gt Cdn> Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tpb Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept" LaurenHde Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molsons A AAolsons B 20.50 3.25 6.25 7.25 North, Cent 21.12'A Pemblna Pp 12.25 Power Corp 9.50 Price Co Rothmans 42.50 Shell CDA Simpson's 59.00 Simp Sears 8.00 Steel of Can 23.00 Selkirk A 15.75 Texaco...... 4.10 Traders Gp A 6.62VJ Trans Mtn Pp 4.75 Trans Can Pp 5.00 Union Gas 20.50 Union Oil 1.05 Versatile Mfg V.75 Westeel 8.25 Union Car Weston's 8 Woodward's A ..__ West Cdn Sd Elec BANKS Can Imperial 11.50 Montreal 16.00 Nova Scotia 46.25 Royal...... 14.37V2 Tor-Dom MINES 10.37V? Acme...... Advocate Asb. 45.00 Akaltcho Area Mines 43.00 Beicher Iron Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. cassiar...... 16.37W Central Pat. 13.00 Chirno....... 40.00 Conwest 31.75 Cons. Rambler Coin Lake 21.62'A Cochenour 13.75 Cralgmont 3.80 DIckenson Mine 5.62'A Denison Mines 5.00 Deer Horn D'Eldona..... 17.00 Dome Mines 9.62VJ Donalda..... !2.25 Discovery Mine 29.25 East Malartlc 13.12VJ East Sullivan 13.12% Falconbridge 11.25 Frobex....... First Maritimes 6.00 Giant Y.K..... 7.37'A Gorfdrum 9.00 Gunnar...... 27.75 Granduc Headway R.L. 19.75 Hollinger 21.50 Hud. Bay M-S 11.00 Hydra Ex..... 21.00 Highland Bell 8.25 Iron Bay..... !so......... 27.25 Joliet Quebec 13.00 Kerr Addison Key Anacon Labrador Lake Shore 31.00 2.55 9.25 12.00 21.00 Leitch 3.75 67.75 17.25 15.25 1.75 16.00 41.00 Lang is Silver T5.12W Macassa 2.15 Madsen R.L. 1.25 Maltartic G F Martin McNeely Maybrun 14.H7Vj Maclntyre 17.00 Meta Midrim 16.00 Intern Mogul New Atnona .09 New Calumet 1.90 New Imperial .40 Noranda 1.90 Northgafe .40 Opemlska Osisko 2.05 Patino .21 Pine Point 1275 -Placer Dev. 5.05 P.C. Exp 2..15 Quebec Man 20.12V4 Rayrock 2.15 Radiore Rio Algom Roman Corp. silverflelds Sherritt Gordon Silver Miller 10.50 Steep Rock 1.50 siscoe 26.75 Tek Corp .oa Texmont Upper Canada Western Mines Wright Har. Willroy Windfall Yellowknife Bear 1.26 9.05 .42 1.02 .31 1.30 .85 143.00 .25 1.15 8.00 3.30 1.06 8.05 10.50 29.25 .20 2.85 2.50 1.50 .24 10.50 .40 28.50 3.25 1.60 1.30 .75 .72 10.50 157.50 .28 10.00 .17 .22 1.67 26.75 10.00 12.37'A .31'A 37.00 30.25 31.25 .71 .14 1.27 .29 17.87VJ 7.10 2.20 M 3.05 1.87 5.70 .50 1.45 4.30 1.50 1.58 -IOV'2 4.05 NEW YORK STOCKS Supplied by Richardson. Securities of Canada Amr T and T U.6VA Montgomery Ward 21.75 20 Golds 153.60 up JO .a Sears..........60-25 10 Base Met 91.H up .03 stdOil of N.J. IS W Oils 134.29 off .68 Bth Steel ........22.25 Texas Gulf 113.75 Volume Chrysler 20.1H4 Texas Co 28.75 NEW YORK AVERAGES DufSnt 118.75 WMlwortn 31.12VS 30 Indust 721.18 off .89 General Motors UM Westinghouse Elec 63.50 20 Rai s 12919 off .21 Gulf 25.75 U.S. Steel 30.25 15 Utilities off .13 Int Harvester 24.1214 TORONTO AVERAGES 65 Stocks 227.17 off .34 Kenn Copper 43.75 20 Indust 153.79 up .20 Volume Real Estate Sales Down This Year TORONTO (CP) Real es- tate sales through the Multiple Listing System were down slightly more than 12 per cent during the first half of 1970 compared with the similar pe- riod last year. During the period the number of listings increased and the av- erage prices remained rela- tively stable, figures compiled by the Canadian Association of Real Estate Boards showed. The average sale price across Canada was during the April-May-June period, com- pared with for the same period in 1969 and' for the January-February-March period of this year. The figures are primarily for single family dwellings' although some multiple family units and small business are sold through fte Multiple Listing System. Total volume of sales through the system during the first half of 1970 was units sold for compared with and during the first six months of 1969. Per- centage declines were 12.4 in number of Units and 12.7 in vol- ume. Regionally, there was an in- crease in Quebec and the Atlan- tic provinces and a decline in Ontario and the West. Mr. Jack- son said part of the reason for the increase in the eastern prov- inces was an increased usage of the Multiple Listing System. There were units sold in British Columbia during the first sk months of 1970, down 18.1 per cent from ths same pe- riod a year ago; on the Prai- ries, the figures were down 11.4 pet1 cent; Ontario, down 13.7 per cent; Quebec, up 9.6 per cent; Atlantic provinces, 288, up 50 per cent. During the second quarter of Consumer Credit Climbs OTTAWA (CP) Consumer credit outstanding at the end of May this year totalled more than an increase of 6.6 per cent from a year ear- lier. Not included in the latest fig- ure is the amount outstanding on life insurance policy loans, usually reported to the Domin- ion Bureau of Statistics each month but not available for May. Personal cash loans in amounts of over made by the sales finance and consumer loan companies rose sharply this year to at the end of May, up more than 30 per cent from a year earlier. Hog Prices EDMONTON (CP) Prices today provided by the Alberta Hog Prod u c e r s Marketing Board: Edmonton: Quoted 27.25, sell- ing Z7.25. Average Monday 27 41 Red Deer: Nil. Average Mon- day 27.40. Calgary: Quoted 27.35, selling 27.35. Average Monday 27.86. Lethbridge: Quoted 27.86, selling 27.86. Average Monday 27.79. Lloydminster: Nil. Average Monday 27.34. Sows at all points 17.91. Total hogs sold average Monday 27.51. 1970 a tola! of listings were received, representing an increase of 22.4 per cent from the same period last year. The listings-to-sales ratio for the second quarter was 31.4 per cent compared with 54.1 per cent for the same period in 1969. The regional breakdown on average house prices during the second quarter was: B.C., Alberta, Sas- katchewan, Manitoba, Ontario, Quebec, Atlantic prov- inces, Toronto had the highest aver- age for cities with Other city averages included: Vancou- ver, Edmonton, Regina, Winnipeg, Ottawa, Mont- real, and Halifax, Top Priority For Natural Gas Lines ANCHORAGE, Alaska (AP) The president of a Cana- dian oil company says that be- cause of the tremendous de- mand for natural gas in the United States, gas pipelines from Alaska should have prior- ity over oil lines. The statement was made by Gene E. Roark of Calgary be- fore the Society of Petroleum Engineers here. Roark said both oil and gas pipelines should originate at Prudhoe Bay, Alaska, and should be routed through north- ern Canada and then south to the United States. Roark is president of Husky Oil and the Independent Pe- ttoleum Association of Canada. Beef Futures WINNIPEG (CP) The nipeg live beef futures mar- ket had improved trade with prices mostly higher. Open High Low Close Mon. Jly 31.25 3L30 31.25 31.30 31.25 Sep 29.40 2S.70 29.40 29.70 29.55 Nov 29.00 29.09 Jan 29.00 29.00 S.P.I. DIRECTOR R. D. BYERS At the recent annual ing in Toronto Mr. R. Doug Byers was elected a director of the Society of the Plastics Industry Inc. Mr, Byers is President end General Manager of Edmon- ton Plastics Ltd., and its affili- ates, Mac Asphalt and Plas- tics Ltd., of Edmonton end Calgary, and Mac Plastic Fabricators Ltd., of Calgary. Elected as a director at large, Mr. Byers will serve (he interests of the Western Canadian members of S.P.I. Now in Lethbridge Businessmen requiring term loans for sound business purposes are invited to discuss their needs at the recently opened IDB office in Lethbridge... IDB can lend to almost all types of tourism, professional services, wholesale and retail trades, manufac- turing, etc. Ask for our booklet. PRECARIOUS PERCH Jack Kalinski of rural Sask- atoon dangles in mid-air at the end of his safety harness while his companion, John Ens of Warman, Sask., clings to the scaffolding that dropped from under them and plunged four flights. The two were painting a building in Saskatoon. INDUSTRIAL DEVELOPMENT BANK TERM FINANCING FOR CANADIAN BUSINESSES LETHBRIDGE, ALTA., 740-4ih Avenue, Telephone: 328-9681 ;