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Lethbridge Herald, The (Newspaper) - May 6, 1972, Lethbridge, Alberta ___________________________________ trend I gone is Etill a little behind on her grain commitments. He said that to meet the com-milmcnls, the port must ship 30 miFlion bushels a month. During April, 29.11 million bushels moved through the part. Mr. Welman said if the movement continues as well as it has during the month, commitments should he met by Ihe end of May. Bill Beaton, grain movement co-ordinator for the Canadian transportation commission, said car unloadings in Uie port were averaging 800 a day. In March, they fell as low as PRTER LEICHNITZ Canadian Press Staff Writer A disheartening performance by major stock markets during the opening two sessions of the week drove many investors to the sidelines find trading during the remainder of (ho week slowed to a trickle. Prices were generally lower for four of the five trading sessions, scoring moderate gains Friday. The industrial index of the Toronto stock market, a major indicator of market movement, dropped 1.54 points during the week, closing Friday at 198.48. The New York market moved sharply lower for the second consecutive week in quiet trad-ng. Monday, the market its sharpest one-day decline of Lhe year. On the Montreal and Canadian exchanges, tho composite index was down 2.50 points during the week, closing at 201.30. Combined volume on the two markets was 8.25 million shares, compared with 8.07 million last week. Investors showed litlle reaction to the long-awaited policy statement by the federal government on foreign investment n Canada. Tho policy statement, released Tuesday, did not cause any major shift in market trends, One trader said the main concern of many investors is the upcoming federal budget. WATCH FHOM SIDELINES "Many Investors have cither retreated to the sidelines or taken a cash position until after the federal budget is introduced next he said. The minor sell-off by some nvestors created what one analyst termed "an over-sold market." Some analysts now are predicting that gains in the near future will be largely based on bargain-buying. Daily trading volumes generally reflected the lack of interest in the market by many investors. At Toronto, volume for the week was only 9 27 million shares, down from ]1.50 million the previous week. The price of gold topped (U.S.) a fine ounce on international bullion markets, more than 512 above the official price of (U.S.) an ounce. London dealers said they were at a loss to explain the sudden surge, although the price rose steadily last week because of increased industrial demands. Sales, this week, were double the normal level. The higher prices and Increased trading actlvily resulted in strong gains for gold issues on Canadian markets. The gold index, in the only advance of the week on the Toronto market, climbed 2.60 points to 181.88. The Dow Jones industrial average of 30 key-blue chip issues on the New York Stock plunged 11.09 points Monday, the largest one-day decline since Nov. 11, 1971. Al-Lhough minor rallies later In the week erased Borne of the decline the market could not overcome the general downward trend and Lhe Dow Jones index ended the week at 911.22, down 12.95 rjoinls. NY VOLUME DOWN Volume on the New York market was 72.15 million shares, down from 79.29 million a week earlier. A poor first quarter report ny Falconbridge Nickel, a major base metal producer, had an adverse effect on the performance of the mining sector of the market. Analysts said Investors are beginning to believe that this sector ot the market has not overcome the problems it faced in 1971, despite several base metal price increases this year. The Toronto market's base metal Index lost 1.86 points during the week, closing Friday at 95.09. Western oils continued to suffer broad declines as investors appear to be abandoning this particular sector of the market. Observers said few major discoveries have resulted from winter exploration programs and now some investors are turning to more attractive sectors of the i o I L-araJ Jkanks, rV emoriamA 1 Grain glut i VANCOUVER (CP) The Port of Vancouver's grain shipment troubles are almost over, said harbor and wheat board officials Friday. "Wilh any luck we should be cleared up completely by Ihc end of Ihe said Ted Welman of Ihe wheat board. Grain shipments through the port nearly ground to a lialt earlier this year when foul weather and snow slides blocked rail lines from the Prairies. At the peak of Ihe crisis, Ihere were 30 ships in English Bay waiting for more than 20 million bushels of grain wilh only seven million in slock. Bill Pickering, assistant port manager, spir that, only one ship was wailing in English Bay Friday with six others loading on jerlh. STILL BEHIND Mr. Pickering said ship loadings are going well, but MUELLER Funeral service for Miss Dawn Vivian Meullcr, beloved daughter of Mrs. and Mrs. R. H. Mueller ol 2810 Cth Ave. S. who died in the city ot the age of 17 years, was held at p.m. Wednesday in Martin Bros. Memorial Chapel, 703 13th St. N., wilh Rev. Florence Wilkinson officiating. Pallbearers were Danny Mueller, Herb Culler, Richard Andrcachuk, Fred Tyrrell, Max Baines and David Carpenter. Interment was in Mountain View Cemetery. Martin Bros. Ltd., Directors of Funeral Service, was in charge of the MEMORIAMS FORISH In loving memory of a dear mother, Margaret Forish, who passed away May 7, 1970. Two tired eyes Bro resting, two willing hands are still, The one who always worked so hard, is resting at Cod's will, God saw you getting tired, He knew you needed rest, His garden must be beautiful, He only takes the best. remembered by Liz, Annie end families. 1560 PAPP In loving memory of a brother, Peler, who passed away May 6, 1969. Like falling leaves the years pass by, But love and memories never die. Precious forever are memories of you, Today, tomorrow and all life through. remembered by his sister Mary, John and family. 155G FOIUSJI In loving memory of a dear mother, Margaret Forish, who passed away May 7, 1970. The face we loved Is missing, the voice we loved is stilled, A place is vacant in our hearts, that never can be filled. Such pain she bore so patiently, for quite a weary while, She kept her sweetness to the end, with a brave and loving smile. And when God took her to Himself, and hushed her heart to sleep, So peaceful was her sweet face, it seemed a shame to weep. Take care of her as she takes her rest, Because on earth she was one of the best. Lovingly remembered b y John, Margaret and families. 1555-G MEAD In loving memory of Lawrence Mesd, who passed away May 7, 1967. We do not need a special day, To bring you to our m'mds, The days we do not think ol you Are very hard to find. They say that time heals all sorrow And helps us lo forget, But time so far has only proven How much we miss you yet. God gave us strenglh lo carry on, And courage to bear the blow; What it meant to lose you No one will ever know, To know we never said good bye Will always bring regret But the hearts that loved you dearly Are the ones lhat won't forget. Ever remembered and sadly missed by Penny, Larry and Pat, Jack and Bev, Penny Jr. and Ron and families. MEMORIAMS PAl'P In loving memory ot a dear husband, father anrl grandfather, Peter, who passed away May 6, Peacefully patience h 'Til God called him' home to suffer no more. Wherever we go, whatever do, Always dear dad, remember you. remembered by wife, Veronica, daughter Janet and son John and families. dollar Monday WASHINGTON (AP) The United States will formally devalue its dollar at noon EDT Monday, carrying out a bargain struck in late December with the richest non-Communist countries. Treasury Secretary John Con-nally said Friday he will notify the 'international Monetary Fund Monday that the new par value of the dollar is one thirty-eighth ol an ounce of gold instead of the previous one tliir-ly-Iiffh, a devaluation of 8.57 per cent. The declaration is strictly formal, but it is the last official step by the United States to fulfil its agreement to devalue the dollar. Since last December, when the international monetary agreement was reached, major nations have been trading their money as if the dollar was already devalued, adopting a new system of currency exchange rates which also included revaluation of several other curries. UNCHANGED SINCE 1934 It is the first time since 1934 that the dollar has been devalued. Congress made the move possible by raising the offic al price of gold to from an ounce. That bill was passed and signed into law by President Nixon March prices Supplied by Dohcrty McCualg Limiled GOVERNMENT OF CANADA BONDS Sept. 1, '72 39.80 100.10 jii'.i Oct. 1, '75 9700 97.50 C Jul. 1, '78 105.00 106.00 Sept. 1, 'C3 80.00 81.00 Perp 3 K Sept. 15 38.50 40.50 6V' Apr. 1, '75 101.00 102.00 Jul 1, '75 102.50 103.50 5Vi% Sept. 1, '92 12.50 83.50 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS Alberta SIST. '90 103.00 105.00 Ontario 7 '88 90.00 92.00 Ont Hyd 9 '34 107.00 109.00 New Br '90 108.00 MM B Ti '74 100.00 102.00 N. S. G'.i'.o '92 85.00 87.00 Quebec 7'iri '74 100.00 10200 Alberta 3ii% '93 104-00 106.00 Man Hyd B '91 97.00 99.00 Sask BliTi '90 105.00 107.00 Nfld '90 107.00 109.00 ACT 0 '74 102.00 104.00 Man Tel 8 To '74 101.50 103.50 INDUSTRIALS Alia G T '90 105.00 107.00 Alcan SRjfi. '91 105.00 107.00 B C For '92 10G.OO 108.00 B.C. Tel '90 105.00 107.00 Bell Tel '79 104.50 ICC 50 Bell Tel K'a '93 107.50 109.50 CP Ltd '89 103.00 105.00 CP Sec '90 104.00 106.00 Cdn TJtil 9W, '91 1C5.CO 10103 CWNG 93i% '90 106 00 108.00 Gulf Oil 8'i% '90 103.50 105.50 Inter P P '90 305.50 107.50 Massev '80 104.50 106.50 Noranda '90 105.00 107.00 Int Nickel 911% 'SO 105.00 107.00 N and C G '91 106.00 108.00 St of Cdn 9H% '90 105.00 107.00 Tr Cdn P 'SO 108.00 110.00 Tr Cdn P 10% '90 110.00 112.00 CONVERTIBLES Alia G T 1W, '90 133.00 136.00 Cons Gas SVzTo '83 94.50 96.50 Dynasty '82 101.03 106.00 Acklands '88 S5.50 98.50 Scur Rain 714 Oi '88 85.00 87.00 Tr Cdn P 5 '89 10903 111.00 WC Tr C '08 101.00 103.00 WC Tr 714% '91 129.00 OF THANKS WOLFE I would like to thank my doctor, the nurses and staff at Lethbridge Municipal Hospital. Also a special thank you to relatives and friends for cards, gifts and visits during my stay in hospital. Doris Wolfe. 1574 STEVENS We wish lo convey our sincere gratitude to all our friends and neighbors who helped in any way during our recent bereavement in the loss of our beloved father and grandfather, Allan Stevens; for their expressions of sympathy, floral tributes, cards, iood and cars. A special thanks to the Matron and staff of the Devon Nursing Home, the Hunt Clinic, Rev. R. Crisfield, Rev. E. R. Doyle, the ladies who served lunch, Martin Brothers' Funeral Homo and to all who aided us in any way, a heartfelt thank you. Stevens family The Lcsler family. 1593 ANDERSON The family of the late Angus Anderson wish to extend their heartfelt thanks and appreciation to the doctors, nurses and staff of Lhe Raymond Municipal Hospital End the Southern Nursing Home in Lcthbridge for the fine care and kindness given to him during his illness. They extend a special thanks lo relatives, neighbors and friends for their expressions of sympathy, to the Warner Relief Society for tho lovely lunch and nil those who helped during their recent bereavement. Isabelle Anderson and famijv 1559 KOLLER _ me family of Ihs lale Mrs. Beatrice Koller wish to extend their heartfelt thanks and appreciation to the doctors, nurses and staff of St. Michael's Hospital for the care and kindness extended to her during her hospitalization. Sincere thanks (o our many friends, neighbors and relatives for food, flowers, cards and kind thoughts shown to us during our recent bereavement. A special thanks to Rev. Elliott for officiating and to Cecile Wehlage for the use of In loving mem-crv o[ a dear husband and father, William Stanko, who passed away OMay 7, 1971. (I canriot say, and I will not sav J That lie is dead tj He is just With a cheery Ira wave the He has wandered into an unknown land, And left us dreaming how very fair It needs must be, since ho lingers there, And you 0 you, who wildest yearn For the old time step e n d glad return, Think of him faring on, as dear In Ih3 Tcve of there as tho love of here: Think of him still as the same, I say: He is not dead He Is just away. remembored and sadly mi'sccl by Anne, Ken and Deb. 1556 Company chief goes to jail for polluting MONZA. llaly (Reuler) Ilalian industrialist Alberto He-daelli, 42, was released from prison last night, 53 hours afler his arrest on charges that his company had polluted the River Lambro, which runs through Monza, a town north of Milan. .Inslice sources said the steel company of which Hedaelli is c lairman had given assurances that the offending factory would install a purification plant as soon as possible. Meanwhile, in the town ol Tjiella, the local fishing association has accused 17 factories and seven industrialists of contravening fishing regulations by allowing industrial waste to gel Into fishing waters. Magistrates must decide whether charges should be brought against the Ltd. income up sharply WINNIPEG (CP) Canada Safeway Ltd, which operates grocery supermarkets In Canada, Australia, Britain and Germany, Friday reported a sharp increase in net income for the 12 weeks ended March 25, 1972. Net income for the three-month period tlus year was million, up more than 40 per cent from the net Income for the corresponding period of 1971. Sales climbed to million from price Press report wrong SASKATOON (CP) Dividends By THE CANADIAN PRESS Acklands Ltd., 1st pfd., 3714 cents; 2nd pfd. series A. cents; both payable May 31, record May 12. Aulo Electric Service Co. Ltd.. five cents, June 15, record May 31. Ttcilman's (Canada) Ltd., 10 cents; class A, 10 cenls; both payable Aug. 1, record July 14. Chalcau-Gai Wines Ltd., 30 cents, May 30, record May 12. Pembina Pipeline Ltd.. fivo per cent 1st pfd., 621'z cents, June I, record May 10. Robinson, Litlle and Co. Ltd., 25 cents, June 30, record May 12; class A, 25 cents, June 1. record May CHINA A record Japanese visited Communist China in 1971 and 7 mainland Chinese cama to Japan. Gene (CP) The price of money jumped this week despite an increase last week of million in the money supply, the Bank Canada reported Thursday. The average rate Wednesday for day-to-day loans, used by investment dealers to finance their activities, was 3.8 per cent, up from 3.65 per cent the week before. The long-term average yield of government bonds rose to 7.3 per cent from 7.27 per cent while 182-day government treasury bills sold for yields of four per cent Thursday, up from 3.93 per cent. Yields of 91-day treasury bills, however, declined slightly to 3.63 per cent from 3.64 per cent. The increases in interest rates followed several weeks of generally-steady rates The bank said total chartered bank deposits and currency held by the general public last week was billion, an increase of million from the previous wek. Government deposits in chartered banks dropped by million to theologian says the official magazine of the United Church of Canada, The Observer, has reached a new level of lending respectability lo hatred of the Jewish people. Emil L. Fackenheim made the charge Wednesday night, saying The Observer had reprinted an article by John Nicholls Booth which had appeared in the American Mercury. Dr. Fackenheim contended that the American Mercury promotes such things as inferiority of the black race, that the persecution of Jews in Russia was a myth and that United States liberties were threatened by Zionists. Tho Canadian Press erroneously reported Thursday that the article in The Observer promoted these H. Smith Ltd. Customs Broker 1 EDMONTON L 263 -BOSO K1NGSHATE 321-8141 COUTTJ Phnns 344-3B3 KILL THAT REALLY PLAYS GAMES-SY THROWING DICE ALL BY'HERSELF." A BATTERY-POWERED MOTOR INTHE ARM CAUSES THE HAND TO SHAKE THE CUPANDTOSS THE DICE ONTO THE FLAWS AUTOMOBILE SALESMAN Progressive deo ershlp Handling eomplele line of Ford cars and trucks, inviles applications from competent professiona s lo fill Iwo vacancies on their small, well-trained sales BY PROFESSIONAL, WE REFER TO A STATE OF MIND, RATHER THAN FT, Koller, Earl, Zada Darlene and families. BACK-HOE OPERATOR Application forms available cf the County of Lelh-bridge No. 26 off ce 214 13lh Street South, Leth-bridge, Alberta. Applications must be in the office by May 10, OF THANKS SIIAFER The family of the late Clara Melinda Shafer wish to extend their heartfelt thanks and appreciation to the doctors, nurses and staff of the Lethbridgc Municipal Hospital for the care and kindness extended to her during her hos-pitalization. Special thanks lo the neighbors, friends and relatives for the kindness, lovely cards, flowers and expressions of sympathy. A special thanks also to the ladies of the Relief Society for the lunch served and to all those who assisted in any WLy during Ihsir recent bereavement. Thanks also lo the pallbearers, soloist thallenged by ihe concept of conlribuling lo ihe facililies which dominate their rural location, we offer unique opporlunil es with above- average earning potential. Reply giving complete resume to BOX 8, LETHBRIDGE sincere gratitude to all our friends, neighbors and relatives who helped in any way during our recent bereavement; f o r their expressions of sympathy, floral tributes, cards, Koden and food. Our hearlfelt thanks to Reverend L. Kawamura for his guidance, Christenscn Salmon Funeral Home and to members of the Lethbridge Honpa Buddhist Church. May we also at this time extend our belated thanks to the doctors and nurses for their attention and concern given lo our beloved Pamela during her brief confinement in the Lcthbridge Municipal IIos-pilal. To our friends and relatives our appreciation for Ihc hospilal visits, flowers, gifts and cards. We lhank you nil. 11 was deeply apprccialcd. Marion Mori and family. EDMONTON Stay At fr 'fts control bill given o first reading EDMONTON (CP) A bill which would set up a new bnord to handle a milk market sharing plan recently approved by milk producers in Alberta, was given first reading in the legislature. Batiuk Vegreville) said the proposed amendment lo the Milk Control Act would create a Dairy Board Act. Membership on the board would ho increased to five from three, including a cream shipper and n consumer. The milk market sharing plan is part of a national program administered by Iho Canadian Dairy SCOPE FOR INDIVIDUAL GROWTH AND ADVANCEMENT OPPORTUNITIES FOR FURTHER EDUCATION SALARY FUltY COMMENSURATE WITH QUALIFICATIONS AND EXPERIENCE ATTRACTIVE FRINGE BENEFIT BANK in Atagemerat We have a number of openings leading to managerrcfil posilions for individuals wilh financial or olher business experience, Succcssfu Bishop Reudon Selk and Christenscn Salmon Funeral Home for their help and kindness. Venla Crapo and family. training supplemented by forma instruction followed hy mo a'llrjnmcnls in n variety of branches throughout Alberta. SlllKPnucnt wilj occ'Jr in HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience In Making Reservation! CALL AND ASK FOR LONG DISTANCE ZEniln 0-7255 nl no cost to MOTOR HOTEL 5359 Calnary Trail Edmonton. Alberta Phono: (403) 434-3431 Telex: CONEST06A MOTOR HOME 1502 2nd AVE. 5. IETHBRIDGE, AITA. McDONELL MANUFACTURING THE MOST COMPACT MOTOR HOME ON THE MARKET TODAY. 19, 22, nnd 24 ft. capacity Motor Homes THb smoothest riding Motor Home made loday THE Home with iie least noiso inside while travelling THE only Molor Home civa lablo today wilh the riding quality ol a largo oulomobilc THE Manner of cons ruction of the 22 ft. capacity molor Homo with recessed bumpers is the only Motor Homo known lodoy wit i twin n.nuclio hods and gaucho dincllc tha can bo lawfully parked ol a parking meter of any city THIS Molor Home has more upper cupboard and storage space than most oilier makes CALL at our fac ory and see for yourself, check tho conslruction and make comparisons TRY OUR RENTAL POTATO COMMISSION requires o SECRETARY-MANAGER RESPONSIBILITIESi To administer thti affairs of lha Commission, which are nimod al improving and increasing tho economic well-being ol llio potato growing industry in Al-berla, primarily in the arons of research, promolion ond extension. QUALIFICATIONS: Applicant should possess managcmrnl abilily, have cxpcrienco in public rolalioni, and knowledge of tho pololo industry. A Unlvcrsily Doqroo in Aqricullurc, and n knowledge of Ilia work ngs of Government, would bn an asset to iho applicant. Send complete resume immediately lo ihn AlBERTA POTATO COMMISSION, P.O. Box 513, Calgary 2, Albcrla. Resume should includo education, rxpcrirnco and other pertinent do fails. Salary commemurolo with advanc D Thosn QUAIIFICATIONS bul in the final analysis mulur ity, inilinlivc and a tout crikr a in srle'clinq candidates. For furl HT information lelephoie or wrilc: B. K. Wnrshlor Employment Officrr P.O. Bng Service 2534 Cnlgnry 2, Alberta Tf eplione: 268-3-184 or cnll on any oF our brnnch McGovern LOS ANGELES (AP) The oldest son of the late Senator liobcrl. F. Kennedy, Joseph Kennedy .Tr., said hrrc hn sup-porls Senator George McGov-crn for Ihe Democratic presidential nomination. "I can't work actively bccausn I work for Ihc Kennedy Foundation and it would lost1 ils lax exempt slalus if I KKcn-ncdy, 19, told ;