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Lethbridge Herald (Newspaper) - March 16, 1973, Lethbridge, Alberta Friday, March 14, 1973 - THE UTHBRIDOE HEKAID - 29 Metals recover from severe loss TORONTO (CP) - Base Packers % to $24, Crush % to metal issues recovered part of $14%, Imperial Oil % to $42% the severe losses suffered and Doman V\ to $20V4. Thursday, although prices in Home A was up % to $40V4, other major sectors of, the To- Rapid Data % to $14, Moore JA route stock market moved to $53, Noranda V* to $50% and lower today. Trading was mod- Selkirk A % to $15. erate. The base metal index was up .26 to 102.40 while industrials, a MONTREAL (CP) - All sec-prime indicator of market tors except utilities and papers trends, fell .20 to 224.27. West- declined in light trading on the em oils fell .15 to 252.63 and golds were up .49 to 221.08, Volume by 11 a.m. was' 733,-000 shares, down from 842,000 at the same lime Thursday. Trading was halted in the shares of Simpsons Ltd. Company directors have increased the quarterly dividend by IV-i cents to 15 cents a snare and Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 345,300 shares, compared with 604,900 at the same time Thursday, Industrials dropped 1.19 to 245.49, the composite .77 to 231.12 and banks .22 to 264.77 while utilities gained .37 to proposed a three-for-one stock 160.14 and papers .22 to 123.74, split. Prior to the halt Simpsons shares traded at $34, down %, Declines held a moderate margin over advances, 126 to 104, with 210 issues unchanged, Communication, oil refining, merchandising and food processing sectors of the market were lower while banking, pipeline and trust and loan issues moved higher. Among metal issues, International Mogul rose % to $14%, Placer % to $54% and Kerr Addison Vs to $12%. Rank tost % to $11%, Canada On the Montreal Stock Ex change, Chrysler dropped 1% to $34, Falconbridge Nickel 1% to $72, Simpson's lVi to $33% and Velcro 1' to $9 while Credit Fon-cier gained 1 to $104. On the Canadian Stock Exchange, Spartan Air was up four cents to 97 cents on 14,500 shares. Makes sea trials NEW LORK (AP) - Stock market prices slipped early today, then began to rally strongly behind reports of an impending agreement at the Paris meetings on world monetary strategy. The noon Dow Jones average of 30 industrial stocks was down 3.38 at 966.44 after having been off more than 7 points a short while earlier. But losers still held an 804-to-310 edge on gainers on the New York Stock Exchange. Analysts said investors seemed to be viewing the monetary talks with extreme caution. Thursday 48.73. Levitz furniture was the New Lethbridge: Nil average York exchange's most-active is- Flat out at 16.1 knots, huge bulk carrier Zwijindrecht undergoes sea trials in Tokyo Bay near Tsurumi Shipyard of Nippon Kokarv where she was built for Dutch owners. Nippon Kokan is major buyer of western Canadian coking coals. The 66,000-ton. vessel is designed to transport iron ore, coal and grains. Grain prices WINNIPEG (CP) - All commodities recorded losses in a moderate volume of trade at mid-session on the Winnipeg Commodity Exchange today. Flax prices were down the daily maximum of 10 cents and rapeseed fell seven to nine cents. Oats and barley declined fractionally while rye posted slight losses. , Volume of trade Thursday was 1,017,000 bushels of flax, 3,200,000 of rapeseed and 1,029, 000 of rye. Mid-session Prices: Flax: May 10 lower 4.76 %A; July 10 lower 4.58A; Oct. 10 lower 4.38A; Nov. 10 lower 4.31A. Rapeseed Vancouver: March 7 % lower 3.71 %B; June 8 % lower 3.75 %B; Sep. 8 % lower 3.75 y4B; Nov. 7 % lower 3.57 B- Rapeseed Thunder Bay: May 7 Vi lower 3.53A; July 8 % lower 3.53 %B; Oct. 8 lower 3.43A; Nov. 9 % lower 3.29B. Oats: May Vn lower 1.17 July % lower 1.12 %B; Oct. % lower 1.07 %B; Dec. not open. Barley: May % lower 1.47B; July % lower 1.47 %B; Oct. % lower 1.49 VsB; Dec. not open Rye: May 1 % lower 1.39 %A; July % lower 1.41 %A; Oct. r Vz lower 1.41 %B; Dec. not open. Grain quotes Thursday (basis Lakehead): High Low Close Flax May - - 486% July - 3S8 Oct 453% 4467/g 448 Nov 444% 436% 441 Rapeseed Vancouver Mar 378% 374 378% Jun 384'/4 384% 384V4 Sep 384 378 384 Nov 364% 358% 364% Financial experts dollar at proper think values An AP News Analysis By BILL NEIKIRK WASHINGTON (AP) -United States financial experts believe the dollar and other major world currencies may have finally reached realistic and proper values in relation to each other. They expect the dollar will rebound and stabilize on money-exchange markets when they reopen next week. If this is correct, the dollar and other currencies will be much less vulnerable to Speculative attack. It also will mean that a sizable economic adjustment has been made between the economies of the United Sates, Japan, Western Europe and Canada through the world monetary system. Some U.S. officials suggest that the dollar may now be un- dervalued a bit in relation to other currencies. Realistic currency alignment is something that has eluded the non - Communist world for years. The U.S. long had argued that the value of Japanese currency, the yen, was being kept arti-ficaliy low so that its imports into the U.S. would be cheaper. And it had said the Western European nations also maintained undervalued currencies in relation to the dollar. DOLLAR DROPS TWICE In the last two years, the value of the yen has been increased twice in relation to the dollar. The dollar has been devalued twice. And the values of several European currencies have been raised. Now, with the most serious monetary crisis yet, Japan, Britain and Canada have cut Aluminum related stocks good buy Hog prices EDMONTON (CP) - Average prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 47.65 average Thursday 48.78. Red Deer: 47.65 average Thursday 48.73. Calgary: 47.65 average Thursday 48.41. Fort Macleod: Nil average Thursday 48.45. Total hogs sold 630. Total bogs sold Thursday 7,207, av-i erage 47.60. Sows average 37.20. Beef futures WINNIPEG (CP) - Live beef futures close Thursday. Mar - 42.25; May - 43.95B; Jly - 43.75B; Sep - 42.05B; Nov - 40.20B. Wednesday's volume: 14 contracts. sue, down 1% to $13% on the heels of a 218,500-share block trade at $13%. On the American Stock Exchange, the price-change index was off .04 to 24.73. Syntex was the volume leader, down 2% at $61%. The New York Stock Exchange's broad-based index of some 1,400 common stocks was down 0.10 at 60.96. Trade in Canadian issues on the New York exchange included Mclntyre Porcupine at $53%, down 1%; Massey Ferguson $2%, down %; Hiram Walker $50%, down %. Pincher Creek auction records banner year Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnaig Limited) LAST BID OR SALE Ol :00 a.m. Ouotei) (11:00 a.m. Quotes) (11:00 �.m. Quotesi WESTERN OILS AND MINES Alta East Gas Almlnex Asamera Ashland BP Canada Brenda Mines Can South Cln Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chleftan Dome Pete Dynasty Fort Reliance Giant Mascot Granlsle Great Plains Gt Cdn OIL S Lochlel Lytton Mln Noble Mines North Cdn Oil* Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Pond.r Ranger Oil Scurry Rain Selbens Spooner Total Pete Ulster West Ptte W. Decalfa MISCELLANEOUS INDUSTRIES Ind PINCHER CREEK (Special) -At the recent annual meeting, Community Auction Sales Association showed another banner year for its 1,352 members. As a result of increased marketing of livestock and a steadily rising demand throughout the year, the association was instrumental in pouring in over five and a half million dollars in cash into the economy of southwestern A1 b e r ta and southeastern British Columbia. Of the 55 livestock auctions held during the 12 - month period,, the main centre of activity was the Pincher Station yards which accommodated 40 sa'es. 1 Cranbrook and Pakowki fa cllities handled 14 and one sales respectively. These three points marketed 23,419 head of livestock for s gross return of $5,560,432.56. Operating expenses amounted to $74,560, and the net profit for the year was $3,246.83, according to the auditor's re port. ASSETS Currently Community lists assets of $99,259.13, and members at the annual meeting endorsed improving Cranbrook and Pincher Yards to increase efficiency. In this respect, it was agreed that a small increase in selling charges to be implemented during the 1973 sel'ing season to offset the cost of expansion where deemed necessary by the directors. Since the new year, market demands for good quality livestock have resulted in a continuation of the spiralling price trend, and Community Auction Sales anticipates that its financial picture will be further enhanced in the months ahead. Gold prices WINNIPEG (CP) - Gold fu tures, U.S. funds, Winnipeg Commodity Exchange close Thursday. Apr 73 - 82.50B; Jly 73 - 83.90B; Oct 73 - 85.35B; Jan 74 - 86.50B; Apr 74 - 87.60B Wednesday's volume: 55 contracts. LIVESTOCK REPORT CALGARY (CP) - Receipts to 11 a.m. from the Calgary public stockyards show sales of about 2,200 head of cattle and calves, mostly replacement kinds. Trade was active on all classes. No slaughter steers or heifers on offer. Quotations are for steers and heifers at Thurs day's closing prices. All grades of cows and bulls sold steady. Steers Al and 2 41.75 to 42.90, A3 40.75 to 41.75. Heifers Al and 2 40.75 to 41.70, A3 39.50 to 40.75. Cows Dl and 2 34 to 35 with younger kinds selling higher, D3 33 to 34, D4 29.50 to 33.50. Bulls 40 to 42. All classes of replacement cattle represented and selling at steady to higher prices. Good feeder steers 576 to 750 pounds 47 to 54, more than 750 pounds 42 to 47. Good feeder heifers 550 pounds and up 40 to 46. Good feeder cows 30 to 36 Good stock steer calves more than 400 pounds 50 to 57. Good stock heifer calves more than 400 pounds 44 to 50.25. No hogs were sold fob Calgary to 11 a.m. Acres Ltd- Aqultalne BC Sugar -Pfd Block Bros Brlnco Cdn Brew A Cdn Brew B Cdn Pacific Crestbrook Ind Crowsnest Cygnus A 9.70 Cygnus B 6.10 Falcon Copper ll.M'A F and M Trust 14.50 Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell Husky Oil 54.12VJ Husky B Pfd 4.00 Husky D War 12.12V4 Husky E War 41.50 Inter Prov Pipe Inter Prov Steel Kaiser Rts Loblaw C Pfd Maqnasontcs Pacific Pete PW Air Rainier Inc Royal Trust St Maurice Cap Sandwell Teledyne West Cdn Seed Westfleld Mln Weston A Pfd White Yukon PIPELINE Alta Gas A 28.62'/2 Alta Gas Pfd 15.62Vj Alta Nat Gas 15.00 inland Nat Gas .58 N and C Gas 7.55 N and C B Pfd .98 Pacific Trans 8.37'/2 Gaz Metro 5.55 Gaz Metro A Trans Cda Pipe Tr Cda A Pfd Tr Cda.- B Pfd Tr Cda War WC Trans WC Trans Wis 17.00 57.35 4.50 4.20 8.15 9.75 .30 9.75 .31 3.50 9.75 33.50 8.60 2.70 1.77 1.10 6.40 17.25 15.25 15.75 1.30 .24 .64 .48 26.75 Cdn Invest 7.75 Col Mutual 7.75 Cmnw Inter 13.50 Cmnw Lev 7 87'/a Cmnw Vent 17.62VH Corp Invest 40.25 Corp In St Rapeseed Thunder Bay 360% 362V4 351 5.28 5.79 6.71 7.36 15.82 17.38 4.12 4.53 8.16 8.97 6.43 7.06 F 5.50 6.04 16.50 26.75 15.25 3.10 MUTUAL FUNDS Dreyfus F U.S. 12.18 13.35 Great Pacific 5.00 5.46 Gr In Shares 4.30 4.73 Gr Equity 8.89 9.76 Invest Gr F 12.97 14.18 Invest Mutual 6.04 6,61 ,,, Mutual Ac 4Hl/2 Mutual Gr F Nat Res N W Cdn N W Gr Principal Gr Royfund Temp Gr United Ac Universal Sav Unlvest Vanguard CALGARY Acroll \ Barons Oil North Continental West Warner VANCOUVER MINES Aflon Atlas Explor Bath Norse Croydeh 21.37v2 Dankoe 12.00 Davenport 11.75 Dclly Varden 23.75 Equltorlal Res 12.75 Lornex 4.90 Primer 67.00 Pyramid 38.62Vi Silver Standard 72.00 Valley Copper 40-r> INDUSTRIALS "!, Capt inter 2.55 z]-�lVl Columbia Brew 3.25 "W Hys Cdn S-62V4 39.00 22.25 48.00 60.00 44.00 21.00 8.65 10.50 14.50 2.90 30.00 14.001 34.25 11.00 5.00 26.371/j 1.15 4.40 4.75 5.75 1.42 63.00 14.25 6.37 7.00 4.02 4.42 8.21 8.97 5.76 6.33 5.50 6.04 5.11 5.62 7.10 7.39 9.61 10.50 5.58 6.13 8.31 9.13 6.19 6.81 7.50 8.21 .68 .04 .OVA .31 May Jly Oct Nov - Oats May - Jly - Oct - Dec - Barley May 148Vi Jly 1487/s Oct - Dec - Rye May Jly Oct Dec 350% 352Vi 348% 142% 143% 144 147% 148% 138% ^ 141 141% 360% 362V4 351 338% 118 113 108% 105 147% 148% 150 148% 141 !42% 143 1407/s STOCKS 16.75 73.25 8.40 .58 .80 .05 1.40 .54 .33 .21 9.50 .25 .18 .80 10.00 Inv 5.87'/j All Cdn Com 27.37V2 All Cdn Dlvld 32.62V2 All Cdn Vent 30.75 Amr Gr F 9.00 AGF Special Key Indust 7.95 8.69 OILS 8.57 9.37 Albany Oils 4.27 4.67 Plains Pete 6.07 6.67 Stampede lntl 3.07 West Explor .28 1.20 .26 Res .66 06'/s Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE (11:00 a.m. Quotes) (11:00 r.m. Suotes) (11:00 a.m. Quotes) MINES Oslsko .22 Glendale 11.50 Acme .19'/2 Pine Point 30.75 Grt Cdn Oil 8.75 Advocate Asb. 1.28 Placer Dev. 54.75 Gen Motors 71.75 Akaltcho .80 P.C. Exp. 3.10 Grt Lakes Pp 22.75 Bralorne 2.55 Quebec Man .12 Gulf Oil Cda 34.62V2 Broulan ' .34 Rayrock 1.98 Greyhound 20.6216 Bethlehem 15.50 Radlore .34 Hawker Sid 4.35 Brunswick 4.50 Rio Algom 27.50 Hur 8. Erie 32.25 Can. N.W. Land 6.75 Roman Corp 8.70 Hiram Walker 50.00 Canada Tung. 1.98 Sherrltt Gordon 17.12'/2 Imp Oil 43.00 Casslar 12.621/j Steep Rock 2.00 Imasca 33.00 Central Pat. 1.32 Tek Corp. 4.25 Int Nickel 34.62V2 Chlmo 1.20 Texmont .27'/2 int Pipe 26.62V� Conwest 7.10 Upper Canada 2.80 Inv Grp A 11.00 Cons. Rambler 3.50 Western Mines 2.70 Int Utll 24.25 Coin Lake .15 Wright Hargreaves 1.10 Ind Accept 18.50 Cochenour .70 Wlllroy 1.12 Kaps 8.42'A Cralgmont 6.90 Windfall .OB'/a Laurentlde 12.37v2 Dickenson Mines 3.10 Yellowknlfe Bear 4.05 Kelly Doug A 8.00 Denlson Mines 34.75 Zenmac .07 Lceb 4.80 Deer Horn .05'/a INDUSTRIALS Lotlaw A 6.25 D'Eldona .44 Ablllbl Alcan 11.75 Met Stores 23.�0 Dome Mines 75.50 25.75 Massev Ferg 20.87v2 Donalda .34 Algoma Steel 16.87v2 McMillan Bloe 31.25 East Malartlc 2.15 Atco Ind 11.75 Moore Corp 52.75 East Sullivan 3.00 Atlantic Sugar 6.00 Molsons A 27.25 Falconbridge 73.00 Agra Inl 12.75 Molsons B 27.50 Frobex .31 Bell Tel 43.87'/i North & Cent 11.62'/2 First Marltlmes .51 Brazil Trac 21.37V2 Power Corp 12.12V2 Giant Y.K. 7.20 B.C. Tel 56.12V2 price Co 16.371/2 Bovls 2.60 Burns 19.50 Rolhmans 15.25 Granduc 3.25 B.C. Forest 34.50 St. Law Corp 19.50 Holllnger 46.50 B.C. Sugar 20.00 Shell CDA 52.75 Hudson Bay M-S 23.62V i Bow Val Ind 34.50 Simpson's 34.75 Hydra Ex. .26'/2 CAE Ind 11.75 Simp Sears 49.75 Iron Bay 3.90 Cdn Brew 5.25 Steel of Cda 33.50 ISO 2.90 Chemcell 4.50 Selkirk A 14.50 Jollet Quebec .25 Ccl Cell 3.65 Texaco 66.50 Kerr Addison 12.00 Calgary Power 2B.00 Traders Grp A ^.50 Key Anacon .23 Ccron Credit 1.75 Trans Mtn Pp .50 Labrador 43.00 C.W.N. Gas Pfd 11.12VJ Trans Cda Pp .75 Lake Shore 2.90 Cdn Ind 17.12V2 Union Gas .1.75 Langls Silver .05 Cdn Marconi 4.25 Union Oil 16.00 Madsen R.L. .72 Cdn Vlckers 13.25 Versatile Mfg 7.50 Malartlc G.F. .82 Chrysler 33.62V2 Westeel 30.50 Martin McNeely .18 C.P.R. 18.00 Union Carb 17.50 Maclntyre 53.50 Comlnco 30.75 Weston's B 21.50 Mela .12 Cons Bath 21.37vj Woodwards A 30.75 Mldrlm .12 Cons Gas 17.00 West Cdn Seed 5.75 Nu West Homes 10.J0 Dom Bridge 34.50 Zenith Elec 2.60 New Athona .14 Domtnr 20.50 BANKS New Calumet .24 Dom Tex 9.00 Cdn Imp 29.371/2 W. Horse Copper 3.85 Dom Stores 15.00 Montreal 19.62V2 Noranda 50.37v2 Dome Pete 41.50 Nova Scotia 36.00 Northgate 5.70 Dofasco 26.75 Royal 34.12>/2 Norlex .37 Cable 18.62'/j Tor-Dom 33.37'/) Mine firm ecords big net loss PEACHLAND, B.C. (CP) -Net losses of Brenda Mines Ltd., of Peachland, B.C., rose in 1972 to $1.5 million or 35 cents a share, compared with net losses for 1971 of $337,362, or eight cents a share before extraordinary items. Brenda operates & copper-molybdenum mine. President Bernard O. Bry-nelsen said direct operating costs at the mine "per ton milled were lower, but revenues were adversely affected by lower metals prices, higher charges on diverted copper concentrate and the unfavorable change in foreign exchange rates." He also said that the company's outstanding debt at the end of last year amounted to $56.5 million and a plan to refinance a first mortgage debt of $19.6 million is under negotiation. New York stocks (Supplied By Richardson Securities of Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper 51.75 Sears 22.25 X-Ron 27.87'/2 Texas Gulf 34.00 Texas Co 57.87'/i Wlckes Corp 169.37V2 Woolworth .21 72.87V2 Westlnghouse Elec 37.00 25.50 U.S. Steel 31.25 34.75 Gen Tel Elec 28.25 ....... 27.621/2 TORONTO AVERAGES Montgomery Ward 23.00 20 Indust 224.46 off .01 111.25 20 Golds 220.38 off 91.62'/, 10 Base Met 102.31 up 22.371/1 15 W Oils 252.76 off .02 38.87i/i Volume 1,147,000 ^MVjNEW YORK AVERAGES 30 Indust 966.44 off 3.38 20 Ralls 194.91 up .19 15 Utilities 110.21 U.C. 65 Stocks 303.07 Off .67 Volum* 7,890,000 By MIKE WILLIAMS TORONTO (CP) - Canada's aluminum industry is slowly recovering from a two-year slump and many analysts are recommending related stocks for profitable investment. Canadian Business Service says the industry is undergoing a change for the better because estimated world production fell short of consumption during 1972. More important, the industry's earnings seem to be returning to and may possibly exceed "their highs of 1970." Richardson Securities of Canada agrees, but adds that "cost pressures continue to eat up already slim industry margins." "From this standpoint, price increases are both badly needed and warranted." The effects of such price increases would be widely felt; the range of applications for aluminum has continued to grow. The increasing ability of aluminum to displace the use of other metals has been largely due to its light weight, high tensile strengh and corrosion-resistant properties. Canada, which produces about 11 per cent of the world's aluminum, exports London Life Announcement D. R. GLOVER, CLU The London Life Insurance Company announces the appoint ment of 0. R. Glover as regiona manager of its Calgary Elveden Lethbridge and Medicine Hat op erations. Mr. Glover, whose head quarters are in Calgary, has been a member of London Life marketing organization since 1961. He has gained extensive sales and management expert' ence with group and personal insurance In Edmonton, Toronto. St.. Catharines and at the company's head office In London Ontario. The London Life office In leth bridge, headed by manager E. G. Pepper, is located at 208 Financial Building, 504 4th Avenue South. about 82 per cent of its production. "The construction, packaging and transportation industries are making increasing use of aluminum," writes Canadian Business Service, "and the industry believes major expansion in use of the metal will occur in the au tomotive industry." It is even possible there will be shortages of sheet and plate aluminum late In 1973 "Sheet and plate production accounts for 45 per cent of total shipments to the United States so that if there are shortages there is a strong possibility of a price increase in the fabricated product.' Alcan Aluminium, the leading prime producer in the world, is recommended by both firms for investment. The stock closed Wednesday at 26Va. Canadian Business says the outlook for Alcan has "Improved considerably" and strong demand should improve the company's earnings even more. On the industry in general, Richardson says it believes "there is a good possibility that investors will start to pay higher multiples for aluminum company earnings." the values of their currencies loose from the dollar, floating them in the market so they can find their own values. In addition, six European nations agreed to float their currencies jointly, letting them rig* and fall together in relation to the dollar but keeping them lied to each other. On top of this, West Germany revalued its mark upward by three per cent. Currency changes are important because they help determine the price of traded goods between countries. The U.S. devaluation Feb. 12, for example, increased the price of imports into the country and made U.S. exports to other markets cheaper. Bu the Feb. 12 devaluation of 10 per cent failed to solve the problem. And another round of speculation forced the joint currency float by the six European nations, including France and West Germany, earlier in the week. These kinds of moves would permit the value of the dollar to drop even further, or perhaps rise, on the money markets. But U.S. officials expect that the six European nations will not let their currencies rise too much in relation to the dollar, fearing the U.S. would gain an even greaer trading edge. They could prop up the value of their currencies by buying up dollars. With most major countries floating their currencies now, U.S. officials belive that achieving monetary reform may be easier. The reason, they say, is that realistic realignment of currencies has finally been acorn-plished; thus monetary reform would not mean that any nation would suffer from a sizable economic adjustment when a new monetary system is shaped this year. Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds at noon today was down 1-25 at $0.99 31-50. Pound sterling was down 11-50 at $2.45 23-50. In New York, the Canadian dollar was up 1.25 at $1.00 19-50. Pound sterling was down 3-25 at $2.46 2-5. FOR SALE FAST FOOD OPERATION, NATIONAL FRANCHISE. FOR ADDITIONAL INFORMATON WRITE BOX 1501, BANFF, ALBERTA. Big rooms. Comfortable rooms, and more of them than practically any other hotel in Calgary. With the best dining in town on the first floor. And the best entertainment right alongside it. The Calgary Tower is next door with theatres, shops and more great restaurants. You don't even have to go outdoors to get to them all. People who have been staying with us for years keep coming back. Why? Not only because of the convenience and excellence of the services. More perhaps because they like the feeling, the atmosphere of the place.. because this is where traditional Calgary Hospitality began. THE Downtown at 9th Avenue and 1st Street S.W. CPHoMsft In Lethbridge phone ZE 0-7337 for reservations ;