Lethbridge Herald, The (Newspaper) - May 9, 1973, Lethbridge, Alberta
42 THE IETHBRIDGE HERAID Wednesday, May 9, 1973 r Some 'houses' are quite respectable By MIKE WILLIAMS TORONTO (CP) Mar- jorie Clarkson, a tour guide at the Toronto Stock Exchange, recalls being asked by one young boy where all the "houses" were his father al- ways referred to. The "houses" his father was speaking of were brokerages houses a term used when speaking of a broker's office. "The boy told me he had been looking for the houses but had only seen tall build- Mrs. Clarkson says. Not all questions are as dif- ficult for Mrs. Clarkson but twice daily she is the target of all types of queries as she leads visitors through one of the largest stock exchanges in the world. Tour participants are first briefed on the basic functions of a stock exchange and shown pictures of the mar- ket's trading floor. There are 126 memberships or seats on the TSE shared by 95 member brokerage firms. The asking price for a mem- bership varies between and although some have sold for as much us ORDER IS RELAYED With the shares of more than companies traded on the exchange, the first question of many people at- tending the tours is how the apparent confusion is put in order. This is where the tour guide begins to explain the job of "trading posts" located on the trading floor. There are nine active posts on the floor and two inactive. Each company appears on the face of one of these posts atlhough there is no specific order. Traders are obliged to know where each Stock is posted. The two inactive posts list companies whose shares are traded infrequently. Mrs. Clarkson explains to visitors that if a stockholder decides to sell an issue, he must call a broker who then relays the order to his mem- ber on the trading floor. It is a rule of the exchange that traders must call out "in a clearly audible voice" what they have to offer in order to inform other interested trad- ers. RELY ON COMPUTER After more details on trad- ing procedures, the tour group is taken to an observation gal- lery overlooking the square-foot trading floor. Mrs. Clarkson tells the group that although the activ- ity on the floor "may give you the impression of aimless con-- fusion, what is actually occur- ring is the simplest of com- mercial dealings the buying and selling of shares in an or- derly, responsive and well- supervised market." The group is then shown the exchange's computer de- signed and built in Canada for It receives information on all share transactions and keeps track of such things as a stock's current bid and ask prices, its change in price for the day and the most active issues. Tha information is con- stantly being updated. BWGEJ-PLEASiNG FOOD BARGAINS YOUR LOCAL INDEPENDENT GROCER 642 13fb Street North Phone 328-5742 HALIK'S Phone 328-5742 for Free City Delivery on Large Orders. We Reserve the Right to Limit Quantities. We sell only the highest quality goods at the lowest possible prices. Service Is Our Business PRICES EFFECTIVE MAY 10, 11, 12 Beilevue, Alberta Phone 564-4638 ATTENTION Your former Super Save IGA in Beilevue has changed to the new group Mayfair Foods. Same ef- ficient service just a new name. COFFEE CHASE and SANBORN..............Mb. net wt. DOLE 19 fl. oz. tins %T for FRUiT COCKTAIL AYLMER...............14 fl. oz. tins CREAM OF MUSHROOM CHICKEN NOODLE-CHICKEN and RICE 10 fl. oz. tins for TOMATOES CONTADINA CHOICE WHOLE 19 fl. oz. tins ifil for MACARONI READY CUT or LONG SPAGHETTI CATELLI................16 oz. net wt. BEANS WITH PORK TOP VALU..............14 fl. oz. tins for JELLY POWDERS SKERRIFFS..............3 oz. net wt. DOG FOOD TOPS BEEF..............15 oz. net wt. PAPER TOWELS VIVA ASSORTED COLORS........2 ply 2 roll pack TOILET TISSUE SILK WHITE AND COLORS............8 roll pack LIQUID DETERGENT CAVALIER..........................32 fl. oz. DUTCH CLEANSER 9 SUPER 14 oz. net wt. for MAYFAIR FOODS MEATS "WE INVITE YOU TO TRY OUR MEATS THE BEST IN TOWN." "We will cut our meats to suit your requirements" Round Steak .19 Minute Steaks ZSXSXT1.... I'69 Rump Roast A 1 Beef Liver 79" Frying Chickens Smoked Picnics ,b PRODUCE Canada No. 1 California Driscoll 12 oz. basket Full Flat 5.99 Grapefruit Winesap Apples Celery Stalks Texas Pink Canada No. 1 Size 56 1 for Canada No. 1 California each Canada No. 1 Texas New Crop Medium Yellow.....Ib. DAIRY FOODS arine Cheese Whiz Mild Cheddar FROZEN FOODS 0 Strawberries Kraft 16 oz. net wt. Kraft Cracker Barrel 12 oz. net wt. 0 Umonade 3, 0 Meat MIHALIK'S STORE HOURS: Monday, Tuesday, Wednesday, Saturday 9 a. m. till 6 p.m.; Thursday and Friday 9 a.m. to 9 p.m. Going up! ihe top of the fifth floor of the Professional Building in downtown Lethbridge now is being installed. The three-storey addition to the office building is expected to be closed in by the end of the month end ten-ants are scheduled to start moving in the middle of July. Here a cranj lowers a precast concrete band beam which will form part of the roof on the second stage of development of- the Professional Buildina. New IBM typewriter i. has electronic memory FRANKLIN LAKES, N.J. A magnetic card typewriter with an electronic memory lias been developed by the Office Products division of Interna- tional Business Machines Cor- poration. The magnetic card machine, the IBM Mag Card II Type- writer, adds a new degree of flexibility to the preparation of business correspondence and such documents as reports, pro- posals, technical specifications and statistical typing. It also greatly facilitates the repeti- tive typing of standardized 'ma- terial. The IBM Mag Card II Type- writer features an electronic memory which holds up to 8 000! characters or about two-and-a half average length pages of typewritten information. Ctoce entered into memory, the in- formation may be recorded on a magnetic card at 200 char- acters per second. Recorded cards may be "read" back into memory at the same speed. Material can be entered into eleclrcoic mem- ory via the machine's familiar ''Selectric" Typewriter key- board, the IBM Mag Card II Typewriter's own magnetic cards or from magnetic cards produced on other IBM Mag Card "Selectric" Typewriters. The new typewriter is attach- ed to a low-profile consols which the machine's electronics as well as a 50 card pack-feed unit for reading and recording magnetic cards. The IBM Mag Card II Type- writer features a new erase mechanism which allows a secretary to produce perfect, first-draft typing at rough-draft speed. By simrply depressing the backspace key the machine electronically erases typing mistakes from its memory and simultaneously removes er- rors frcm the typewritten page. This error-correcting technique may be utilized for characters, words, or an entire line of text. 20 18 16 14 12 9 -Family (Average Per Child) 10 Dollors- 6 4 67 69 71 73 Increase proposed A rise in average family allowance payments to a month per child from the present a month has been proposed to the pro- vinces in a federal govern- ment working paper tab- led In Commons. The proposal is part of an over- all model for an overbad of the welfare system.