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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 6, 1972, Lethbridge, Alberta Saturday, May 1971 THE LfTHBRIDGE HERALD 2i Grain glut nearly gone VANCOUVER (CP) The Port of Vancouver's grain ship- ment troubles are almost over, said harbor ana wheat board of- ficials Friday. "With any luck we should be cleared up completely by the end of the said Ted VVelman of the wheat board. Grain shipments through the port nearly ground to a halt earlier this year when foul weather and snow slides blocked rail lines from Ihe Prai- ries. At the peak of the crisis, there were 30 ships in English Bay waiting for more than 20 million bushels of grain with only seven million in stock. Bill Pickering, assistant port manager, said that only one ship was waiting in English Bay Friday with six others loading on berth. STILL BEHIND Mr. Pickering said ship load- ings are going well, but Canada Company chief goes to jail for polluting MONZA. Italy (Reuier) Italian industrialist Alberto Re- daelli, 42, was released from prison last night, 53 hours after his arrest on charges that his company had polluted the River L a m b r o, which runs through Monza, a town north of Milan. Justice sources said the steel company of which Redaelli is chairman had given assurances that the offending factory would install a purification plant as soon as possible. Meanwhile, in the town ol Eiella, the local fishing associa- tion has accused 17 factories and seven industrialists of con- travening fishing regulations by allowing industrial waste to get into fishing waters. Magistrates must decide whether charges should be brought against the men. Dividends By THE CANADIAN PRESS Acklands Ltd., 1st pfd., cents; 2nd pfd. series A, cents; both payable May 31, record May 12. Auto Electric Service Co. Ltd., five cents, June 15, record May 31. Reitman's (Canada) Ltd., 10 cents; class A, 10 cents; both payable Aug. 1, record July 14. Chatcau-Gai Wines Ltd., 30 cents, May 30, record May 12. Pembina Pipeline Ltd., five per cent 1st pfd., 62Vi cents, June 1, record May 19. Robinson, Little and Co. Ltd., 25 cents, June 30, record May 12; class A, 25 cents, June 1, record May 12. is still a little behind on her grain commitments. He said that to meet the com- mitments, the port must ship 30 million bushels a month. During April, 29.8 million bushels moved through the port. Mr. said if the move- ment continues as well as it has during the las', month, commit- ments should be met by the 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 220. Bond prices Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS 4'i% Sept 1, '72 99.80 100.10 5'.i% Oct. 1, '75 97.00 97.50 8 Jul 1, '78 105.00 106.00 Sept. 1, '83 80.00 81.00 Perp. 3 Sept. 15 38.50 40.50 Apr. 1, '75 101.00 102.00 7'4 T, Jul. 1, '75 102.50 103.50 5Vi% Sept. 1, '92 82.50 83.50 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS '90 103.00 105.00 '88 90.00 92.00 '94 107.00 109.00 '80 108.00 110.00 '74 100.00 102.00 '92 85.00 87.00 '74 100.00 102.00 '93 104.00 106.00 '91 97.00 99.00 '90 105.00 107.00 '90 107.00 109.00 '74 102.00 104.00 '74 101.50 103.50 Alberta Ontario 7 Ont Hyd 9 New Br Nfld 8 To N. S. Quebec 7'iTc, Alberta SiiTo Man Hyd 8 ri Sask Nfld ACT 8 Man Tel 8 Alia G T 9Vi% Alcan ifistt B.C. For B C Tel Bell Tel Bell Tel CP Ltd CP Sec cdn utii 95W CWNG Gulf Oil Inter P P Massev Noranda Int Nickel 9'4% N and C G ft St of Cdn TT Cdn P Tr Cdn P 10% '90 105.00 107.00 '91 105.00 107.00 '92 106.00 108.00 '90 105.00 107.00 '79 104.50 1C6.50 '93 107.50 109.50 '89 103.00 105.00 '90 104.00 106.00 '91 ics.co 10100 '90 106.00 108.00 '90 103.50 105.50 '90 105.50 107.50 '80 104.50 106.50 '90 105.00 107.00 '90 105.00 107.00 '91 106.00 108.00 '90 105.00 107.00 '90 108.00 110.00 '90 110.00 112.00 CONVERTIBLES Alia G T '90 133.00 136.00 Cons Gas 514% '83 94.59 96.50 Dynasty 7 '82 101.03 106.00 Acklands '88 86.50 98.50 Scur Rain 'B8 85.00 87.00 Tr Cdn P 5 '89 109.00 111.00 WC Tr C '88 101.00 103.00 WC Tr 714% '91 129.00 132.00 AUTOMOBILE SALESMAN Progressive dealership handling complete line of Ford cars and trucks, invites applications from com- petent professionals to fill two vacancies on their small, well-trained sales force. BY PROFESSIONAL, WE REFER TO A STATE OF MIND, RATHER THAN EXPERIENCE If you have o solid record of accornplishrnent, end ore challenged by the concept of contributing to the further growth of a 300 lo 400 new car operation, in excellent facilities which dominate iheir rural location, we offer unique opportunities with abovo average earning potential. Reply giving complete resume to BOX 8, LETHBRIDGE HERALD COHESTOGA MOTOR HOME 1502 3nJ AVE. 5. IETHBRIDGE, AITA. McDONELL MANUFACTURING THE MOST COMPACT MOTOR HOME ON THE MARKET TODAY. 19, 22, and 24 ft. capacity Motor Homes THt smoothest riding Motor Home made loday THE Home with the least noise inside while travelling THE only Motor Home available today with the riding quality at a large automobile THE Manner of construction of the 22 ft, capacity motor Home with recessed bumpers is the only Motor Homo known today with twin gnuclio hods and gaucho dinette thai can be lawfully parked ot a parking motor of any city THIS Molor Home has more upper cupboard and stor- age space than most oilier makes CALL at our factory and soo for yourself, chock the conslruction and rnako comparisons TRY OUR RENTAL PLAN By PETER 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 and trading during the remainder of the week slowed to a trickle. Prices were generally lower for four of the five trading seS' sions, scoring moderate gains Friday. The industrial index of the To- ronto stock market, a major in- dicator 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- ing. Monday, the market suf- Devalue dollar Monday WASHINGTON (AP) The United States will formally de- value 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 of an ounce of gold in- stead of the previous one tliir- ly-fifth, a devaluation of 8.57 per cent. The declaration is strictly for- mal, but it is the last official step by the United States to ful- fil 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 al- ready devalued, adopting a new system of currency exchange rates which also included reval- uation of several other curries. UNCHANGED SINCE 1934 It is the first time since 1934 that the dollar has been deval- ued. Congress made the move pos- sible by raising the official price of gold to from an ounce. That bill was passed and signed into law by President Nixon March 31. ADOU.THATREAI.iy PLAYS SAMES-SYTHROWING DICE ALL BY "HERSELF." A BATTERY- POWERED MOTOR INTHE ARM CAUSES THE HAND TO SHAKE THE CUP ANDTOSS THE DICE ONTOTHE PLAYING SURFACE... THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience In Making Reservation! CALL AND ASK FOR LONG DISTANCE ZEnilh 0-7255 al no cost to you MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta Phono: (403) 434-343] Telex: 037-2510 fered Its sharpest one-day de- cline of the year. On the Montreal and Cana- dian exchanges, tho composite index was down 2.50 points dur- ing the week, closing al 201.30. Combined volume on the two markets was 8.25 million shares, compared with 8.07 mil- lion last week. Investors showed little reac- tion to the long-awaited policy statement by the federal gov- ernment on foreign investment in Canada. Tho policy state- ment, released Tuesday, did not cause any major shift in market trends. One trader said the main con- cern of many investors is the upcoming federal budget. WATCH FROM SIDELINES "Many Investors have either retreated to Ihe sidelines or taken a cash position until after the federal budget is introduced next he said. The minor sell-off by some investors created what one ana- lyst termed "an over-sold mar- ket." Some analysts now are predicting that gains in the near future will be largely based on bargain-buying. Daily trading volumes gener- ally reflected the lack of inter- est in the market by many investors. At Toronto, volume for the week was only 9.27 mil- lion shares, down from 11.50 million the previous week. The price of gold topped (U.S.) a fine ounce on interna- tional bullion markets, more than above the official price of (U.S.) an ounce. London dealers said they were at a loss to explain the sudden surge, al- though the price rose steadily last week because of increased industrial demands. Sales, this week, were double the normal level. The higher prices and In- creased trading activity re- sulted in strong gains for gold issues on Canadian markets. The gold index, in the only ad- vance of the week on the To- ronto market, climbed 2.60 points to 181.88. The Dow Jones industrial av- erage of 30 key-blue chip issues on the New York Stock Ex- Money price jumps OTTAWA (CP) The price of money jumped this week de- spite an increase last week of million in the money sup- ply, the Bank of Canada re- ported Thursday. The average rate Wednesday for day-to-day loans, used by in- vestment 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 treas- ury 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 gener- ally-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 billion. Milk control bill given first reading EDMONTON (CP) A bill which would set up a new baord to handle a milk market sharing plan recently approved by milk producers in Alberta, was given first reading in the legislature. John Batiuk said the proposed amendments to the Milk Control Act would create a Dairy Board Art. Mem- bership on the board would bo increased to five from three, in- cluding a cream shipper and a consumer. The milk market sharing plan is part of a national pro- gram administered by tho Ca- nadian Dairy Commission. Backs McGovern LOS ANGELES (AD Tiic oldest son of the late Senator [iobcrt F. Kennedy, .Joseph Kennedy said here he sup- ports Senator George McGov- crn for the Democratic presi- dential nomination. "I can't work actively because I work or Ilic Kennedy Foundation and it would lose its tax ex- empt status if I KKcn- ncdy, 19, told reporters. change plunged 11.89 Monday, the largest one-day decline since Nov. 11, 1971. Although minor rallies later In the week erased some of the CaraJ JkanM, nlemoriainA the market could not the general downward trend the Dow Jones index ended the week at 941.22, down MEMORIAMS Funeral In In loving memory NY VOLUME for Miss Dawn a dear mother, a dear husband, father and Volume on the New beloved daughter who passed away May Peter, who passed market was 72.15 and Mrs. R. H. Mueller away May 6, shares, down from 79.29 million a week 6lh Ave. S. who died in the city at the age of 17 tired eyes are resting, two willing hands are sleep- A poor first quarter report by Falconbridge Nickel, a major base metal producer, had an adverse effect on the performance of the mining sector of the held at p.m. Wednesday in Martin Bros. Memorial Chapel, 703 13th St. N., with Rev. Florence Wilkinson officiating. Pallbearers were Danny Mueller, Kerb one who always worked so hard, is resting at God's will, God saw you getting tired, He knew you needed rest, His garden mast be trials are past. In silence h e KCI. Analysts said investors are leginning to believe that this sector of 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 Andreachuk, 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 only takes the best. Lovingly remembered by Liz, Annie and families. God called him home to suffer no more. Wherever we go, whatever wa do, Always dear dad, wa In loving memory of a brother, Peter, who passed away May 6, ing the week, closing Friday at 95.09. Western oils continued to suffer broad declines as OF THANKS WOLFE I would like falling leaves the years pass by, But love and memories never you. Lovingly remembered by wife, Veronica, daughter Janet and son John and appear to be abandoning this particular sector of the my doctor, the nurses and staff at Lethbridge forever are memories of 1554-6 Observers said few major discoveries have resulted from winter exploration programs and now some investors Hospital. Also a special thank you to relatives and friends for cards, gifts and visits during my stay in tomorrow and all life through. Ever remembered by his sister Mary, John In loving memory of a dear husband and father. William Stanko, who turning to more attractive sectors of the Doris away OMay 7, 1971. cannot say, In loving I will not Safeway We wish to convey our sincere gratitude to a dear mother, Margaret Forish, who passed away May 7, t That" he is dead ft, f is just friends and neighbors face we loved away! income in any way during our recent bereavement in the voice we loved is Sn our beloved father and place is liP wave of the 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 tin's year was million, up more than Allan Stevens; for their expressions of sympathy, floral tributes, cards, food 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 Home and to all who aided us in any way, a heartfelt thank you. Stevens family The Lesler family. 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 has wandered into an unknown land, And eft us dreaming how very fair It needs must be, since he lingers there, And you 0 you, who wildest yearn For the old time step n d glad return, Think of him faring on, as dear In tie Icve of there as the love of here: per cent from the net Income for the corresponding The family of the late Angus Anderson rest, Because on earth she was one of the of him still as the same, I say: He is not dead He Is Just riod of 1971. Sales climbed to million from extend their heartfelt thanks and appreciation to the doctors, nm-ses and staff of the remembered b y John, Margaret and families. remembered and sadly missed by Anne, Jean, Ken Municipal Hospital Deb. 1556 Canadian Press report Southern Nursing Home in Lethbridge for the fine care and kindness given to him during his illness. They extend a special thanks to relatives, neighbors and friends for their In loving memorv of Lawrence Mead, who passed away May 7, 1967. We do not need a special day, To bring you to our minds, The days we do not CHINA A record Japanese visited Communist China in 1971 and 7 mainland Chinese cama SASKATOON (CP) sympathy, to the Japan. Jewish theologian says the official magazine of the United Church of Canada, The Observer, has reached a new level of lending respectability to hatred of the Jewish people. Emil L. Fackenheim made the charge Wednesday night, saying The Observer had re-pr nted an article by John Nicholls Booth which had appeared In the American and all those who helped during their recent bereavement. Isabelle Anderson and family 1559 ROLLER The family of the late Mrs. Beatrice Roller wish to extend their heartfelt thanks and appreciation to the doctors, nurses and staff of St. Michael's Hospital for the very hard to find. They say that time heals all sorrow And helps us to forget, But time so far has only proven How much we miss you yet. God gave us strength to carry on, And courage to bear the blow; What it meant to lose you No one will ever know. To know we never said H. Smith Ltd. Customs Broker 1 EDMONTON 1 cury-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. The Canadian Press kindness extended to her during her hospitalization. Sincere thanks to 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 h e Will always bring regret But the hearts that loved you dearly Are Uie ones that won't forget. remembered and sadly missed by Penny, Larry and Pat, Jack and Bev, Penny Jr. and Ron and families. 263-8050 V. K1NGSHRTE 328-814! conns Phnnn 34MBJ1 ously reported Thursday i MI 1 1 n the article in The Roller, Earl, promoted these and families. CARD OF SIIAFER The family of the late Clara Melinda Shafer wish to extend their We wish to convey our sincere gratitude to all our friends, neighbors and relatives who helped in any way forms available at the County of Lelh-bridge No. 26 office 214 13th South, Leih-bridge, Alberta. Applications must be in the thanks and appreciation to recent, bereavement; May 10, doctors, nurses and staff of expressions of Lethbridge Municipal tributes, cards, for the care and kindness food. Our heartfelt tended to her during her Reverend L. Kawamura Ok EH pilalization. Special thanks guidance, Christensen a. B S 1 the neighbors, friends and Funeral Home and to I friaEa atives for the kindness, of the Lethbridge cards, flowers and Church. May we of sympathy. A special thanks also to Ihe ladies of the this time extend our belated thanks to the doctors and In Society for the lunch served their attention and lo all those who assisted in to our beloved have a number of openings way during their recent her brief confinement lo managerrcnt positions for ment. Thanks also to the pall-jcarers, soloist Lclhbridge Municipal Hospital. To our friends and s wild -financial or other business cxper cncc. Successfu Michel, Bishop Reudon Selk our appreciation for ob training supplemented Christensen Salmon Funeral Home for their help and visits, flowers, gifts and cards. We tiiank YOU all. instruct on deeply of branches throughout Venla Crapo and Joe. Marion Mori ep'jni'-qs will occur in var n filiations which we would be pleased to discuss with ALBERTA POTATO FURTHER applicants. Promotion is based on merit and opportunities for advancement arc requires we are seeking should posses! at least a year or two business preferably in a RESPONSIBILITIESi To administer tho affairs of lha Prcvioi s training will bo carefully evaluated but in the sion, which are aimed al improving and increasing s motor ty, initiative and economic well-being of tho potato growing industry in berta, primarily in the areas of research, promotion nnd ot lers will be the most criteria in selpctinq QUALIFICATIONS: Applicant should possess furl irr information telephone ability, havo expcrrcnco in public relations, and of tho potato industry. A University Degree in K. and n knowledge of tho workings of Government, would an asset to iho Bag Service Send complete resume mmcdiately to Ihe 2, POTATO COMMISSION, P.O. Box 513, Calgary 2, ephone: Resume should includo education, experience and call on any of pertinent details. Salary commcnsuralo with qua] if Jca ;