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Lethbridge Herald, The (Newspaper) - May 12, 1973, Lethbridge, Alberta .Saturday, May 12, 1973 THE IETHMI06E HEXA19 IS Watergate erodes stock confidence By SANDRA INGALSBE Canadian Press Staff Writer Gold issues attracted most of the attention on major Cana- dian stock markets this week as other sectors struggled to hold onto last week's small gains. Trading ranged from light to fairly active. Analysts said investors were turning to gold as new uneasi- ness developed in international money markets. The price of gold on bullion markets reached record levels, spurring interest in gold producers. At Toronto, the gold index set new highs in the last three sessions and closed the week at a record 296.01, up 31.44. Markets generally followed a fairly stable course, despite some influence from a jittery New York market. Some ob- servers say the low volume and apathy of recent weeks has been a breathing spell and a technical consolidation which could be the basis for a rally. Analysts attributed broad de- clines in industrials Friday to the announced1 Bank of Mon- treal increase in prime lending rates. They say, however, some tightening of the money supply is desirable and, once the ad- justment is made, stocks may rebound. The Toronto market's indus- trial index, considered the ma- jor indicator of market trend, closed the week at 216.78, down 3.02. TRADING LIGHT TO ACTIVE Trading ranged from the lightest of the year Monday to active in the final session, with 11.46 million shares changing hands compared with 11 million last week. Value of shares traded was million com- pared with million last week. Investor confidence was fur- ther eroded by the Watergate and a growing feeling that the economy is "running wild." Frederick H. Hatt of E. M. Saunders Ltd., Toronto, says the market is showing symp- toms of to sustain erosion of lower grade issues. 'MAINTAIN LIQUIDITY' This leads to panic selling and he advises: "Hold gold, buy commodities on bad news, stay away from both bond and stock markets, and at all cost maintain liquid- ity." Some Ottawa government workers fingerprinted OTTAWA (CP) Each gov- ernment department is respon- sible for its own security pre- cautions, Manpower Minister Robert Andras told the Com- mons manpower committee Thursday. Responding to questions from Oil firms won't export extra gas TORONTO (CP) Canadian oil companies say they won't export extra gasoline to the fuel-huury United States until they are sure Canadian custom- ers have enouh. Imperial Oil Ltd., a sidiary of Exxon in the U.S., said it has been "barraged" with requests for asoline from American dealers. "We haven't had much sur- plus lately anyway and that is (he only gasoline we would con- sider a spokesman said Wednesday. He said the company's last sale of gasoline to the U.S. was a surplus one million aliens from the Winnipeg refinery in January. the RIVIERA MOTOR HOTEL Welcomes you to Edmonton To help make your stay more we would like to introduce you to all our facilities. MORE PEOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone MOTOR HOTEL 5359 CALGARY TRAIL 43-43-43-1 Conservative manpower critic Lincoln Alexander (Hamilton Mr. Andras said every employee in his department is given a security clearance which includes fingerprinting. The practice began when the department was established in 1966, was reviewed every year and appiled to even the lowest clerk in the department. Mr. Alexander referred to re- marks made outside the Com- mons Monday by Conservative E1 d o n Woolliams (Calgary charging that all new government employees are fin- gerprinted. Mr. Andras said the decision to order a security clearance for any or all employees is up to the individual department and not necessarily an over-all government policy. The practice ensured all em- ployees mobility within the de- partment and a chance to im- prove their positions. An internal memorandum produced by Mr. Woolliams out- side the Commons Monday was directed to the department's prairie region. The memo sim- ply reiterated what has always been the policy of the depart- ment of manpower and immi- gration, Mr. Andras said. Airline discount ends on Sept. 30 OTTAWA (CP) Overseas visitors to Canada will have un- til Sept. 30 this year to fly around the country at half price no matter how they get here in the first place, the Canadian transport commission an- nounced Friday. The decision follows corn- plaints that proposed changes in a four-year-old discount air fare program would hurt holiday plans for hundreds of visitors. Air Canada and CP Air asked the commission for permission to restrict the Discount 50 North America Air visitors who enter the country from overseas on regu- lar international flights. Since the program, visitors coming on charters and boats, as well as regular flights, quali- fied for the program. Canadians travelling overseas are entitled to the same deal. The airlines wanted the new restrictions to come into effect June 1, but the commission, af- ter examining the program to see how widely it was used, de- cided to have the change post- poned until the end of Septem- ber. Dennis Hinchliffe, operator of HMC Travel Ltd. of Niagara Falls, Qnt, protested the change to Prime Minister Trudeau earlier this week, say- ing many passengers would have to pay hundreds of dollars more if they were accepted. Bond Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS Oct. 1, '75 96.50 97.50 8 July 1, '78 103.50 105.50 Sept. 1, '83 79.00 80.00 Sept. 1, '92 80.00 82.00 prices 3 Sept. 15 Perp 39.00 41.00 April 1, '75 99.00 100.00 July 1, '75 100.00 101.00 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS H. H. Smith Ltd. Customs Broker UETHBRIDGE PHONE 3SS-8141 COUTTS Home Officft Ph. 344-3822 Community Outreach Program Society Invites applications for the position of FULL TIME CO-ORDINATOR Applieqnts should be familiar with the "drop In center" concept and must be able to communicate with young people. Salary per month. For further information and applications contact- MR. J. L. MACNEIL Ph.. 327-2141, 328-6709 After five 8 Alberta Ontario 7 Ont Hyd 9 To New Br Nfld N. S. Quebec Alberta Man Hyd 8 Sask Nfld AGT 8 Man Tel 8 '90 105.00 '88 91.50 '94 107.00 '90 108.00 '74 100.00 '92 86.00 74 100.00 '90 105.00 '91 98.00 '90 105.00 '90 108.00 '74 100.00 '74 100.00 INDUSTRIALS Alia G T 9i i% Alcan B.C. For 93'4% B.C. Tel 9Vs% Bell Tel Bell Tel CP Ltd CP Sec Cdn Util CWNG Gulf Oil Inter P P Massey Noranda Int Nick N and C G St of Cdn Tr Cdn P Tr Cdn P WC Tr 10 '90 105.50 '91 107.00 '92 107.00 '90 106.50 '79 105.00 :93 108.00 '89 103.00 '90 106.00 '91 106.00 '90 107.00 '90 103.00 '90 107.00 '80 105.00 '90 107.00 '90 107.00 '91 107.50 '90 107.00 '90 108.00 '90 109.00 '93 99.25 107.00 93.50 109.00 110.00 102.00 88.00 102.00 107.00 100.00 107.00 110.00 102.00 102.00 107.50 109.00 109.00 108.50 10J.OO 110.00 105.00 108.00 108.00 .109.00 105.00 109.00 107.00 109.00 309.00 109.50 109.00 110.00 111.00 99.75 CONVERTIBLES Alta G T 7% Cons Gas 5% Dynasty 7 Acklands Scur Rain 7'.i WC Tr C 5% WC Tr '90 140.00 150.00 '89 83.50 85.50 '82 99.00104.00 '88 101.00 104.00 '88 88.50 90.50 '88 81.00 85.00 '91 95.00 100.00 The program was started in 1969 by the United States to en- courage tourists from overseas and help ease the U.S. balance of payments program. Canada took similar action to remain competitive. Damage Gerald Buyting stands amid the water-damaged plants in one of his four greenhouses at Sheffield, N.B. Mr. Buyting lost sev- eral thousand seedling plants wheni the St. John River overflowed its banks recently and flooded a wide area, causing several million dollars of damage. Strike manual helps employer to prepare TORONTO (CP) A how to book for with ad- vice on dealing with strikes, has been issued by the Cana- dian Manufacturers' Associa- don. The 84-page manual is aimed at those among the associa- ion's members who have small numbers of employees and often no full-time execu- ives to handle personnel and ndustrial relations. Association officials are quick :o point out the book is not in- tended to be a manual on how to break a union and the docu- ment is not intended to be pro- vocative. 'The first concern of man- agement should be to avoid the strike by trying to remove con- tributory the forward to the manual, titled On Strike, says. "However, the association be- lieves that, under certain well- defined circumstances, the right to strike is a necessary concommitant to af ree society. It is axiomatic that employers have a responsibility to meet the contingency of a strike if our collective bargaining sys- tem is to work." W. H. Wightman, manager of the association's industrial re- lations department and co-or- dinator for the writing of the manual, said the majority of employers who call the CMA for help have never been through a strike before. The book is a response to the num- ber of queries received. "They could be bubbling over with questions but I guess it all boils down to, 'what are my Two common areas of con- cern are what to do about finished goods and delivery commitments and how to deal with office personnel in contin- uing that portion of the opera- tion. Employers with no strike ex- perience often have not any advance planning Mr. Wightman said. The manual provides a point- by-point approach to prepara- tion for a strike and follows up with advice on what to do dur- ing a strike and tips on proced- ures to return to normal oper- ations after the strike is set- tled. There are sections in the manual on what to do about such things as welfare and pen- sion plans, vacation schedules and pay cheques due. The manual stress that em- ployees of a struck company have a right to work and com- plains that news accounts some- times promote a misconception INSURANCE MONDAY p.m. SPECIAL Feeder Hog and Baby Calf Sales We carry Hartford Insurance on and going from our market. Wednesday! a.m. FAT CATTLE SALES all Livestock coming to FRIDAY 10 a.m. [FAT and FEEDER CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. WE BUY AND SELL FAT AND FEEDER LAMBS DAILY 1 p.m. "SPECIAL STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS. ED FRENCH 328-3986 DAN KLASSEN 345-4358 KEN MILLER, MAGRATH 758-6607 LOU DEJAGER 345-4489 WHIT HENINGER...... 328-7354 CONSIGN ALL YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK "In The Heart of Canada's Ranching Ph: Office 327.0101 327-3986 Alberta P.O. BOX S.S. 1-7-7, LETHBRIDGE, ALBERTA ByMaryKirigin POTPOURRI ACROSS 1 Muffle 46 Old woman 87 Notion 5 Gripped 48 Gullet 88 Pleasure 11 Vapor 49 Fringet loving 16 Energy 52 Nails 92 Musical inserted 55 Old magic work 21 Bills -56 Steering 93 Aural 22 More pure device 95 Disdain 23 Molten rock 59 Irritated 96 Rent paid 24 Mexican 60 Vegetable in grain laborers 61 Wee person 97 Edge 25 BBHUHB: 62 Solo 98 26 Leaf sound 63 Italian poet comb, form 27 Audibly 65 Electrical 99 Joint.' 28 Alabama city unit: abbr. 100 Seaweed 29 Wings 67 Macaw 101 Short 30 Mediocre 68 Second: streets: 31 Server comb, form abbr. 33 Wise man 70 To fill 102 Presiding 35 Comparative 71 Dessert spirit suffix 73 Expert 104 Myth 36 Fencing 74 Maid 107 Pertaining position 75 Garment to religion 38 Castiron 76 109 Bronxcheers 39 Verne conversion 110 Keen character 77 On the back 111 Horntail 40 Lawyers: abbr. 79 LeGallienne 113 Poetic 41 Mud 80 Shore bird preposition 42 Flagmaker 82 Sick 114 Hawaiian Consume 83 Kind of toad district 44 Spanish 86 Geometric 115 Exclamation painter term: abbr. of approval DOWN 1 Lawgiver 2 Relative 3 Recipe measure 4 Superlative suffix 5 Auto trim 6 Insect 7 Too 8 Pose 9 Small bit 10 Handles 11 Little 12 Story 13 Self 14 Light gun 15 "Call Me 16 Himself: Lat. 17 Born 18 Office seekers 19 Unfulfilled 20 Rulers 30 Dimension 32 Time measure 34 Deity 37 Pitch 38 Whine 39 Informer 40 Hunting dog 42 Large bundle 43 Hibernia 45 Preposition 46 Beliefs 47 Straight edge 48 Cretan king 50 Toy 51 McGovern's state: abbr. B3 Chosen 54 Tangle 56 Twisters 57 King Lear character 117 Possessive 118 Restrains 121 Goods 122 Iowa city 124 Major or Minor 126 Passages 127 Second growths 130 Distress' signal 131 Insect 132 Perhaps 133 Precious stone 134 Hard shelled fruit 135 State 137 Mist 139 Hydrocarbon in gas 141 Father 142 Festival of Apollo 143 Encampment 144 Solicitor 145 Existence 146 Choose 147 More recent 148 Images 149 So be it 58 Fanatical 62 Bequeath 64 Kitchen tool 66 Historical period 69 Age group 70 Son of Abraham 71 Innocent 72 Atmosphere 73 Fiber 76 Cavy 78 Senior 80 Holy in India, as in Krishna 81 Images 83 Cornucopias 84 Narcotic poison 85 Disposal of odds and ends 88 Mother of Ishmael 89 Bonapartism. 90 Eskimo hut 91 Stop: It. 94 Hill: dial. 95 Dagger 98 Preposition 99 Charity 00 God of war 03 Love god 21" X by Anthony Morse ACROSS 1 Among 4 Dickens pseudonym 7 Arab garb 8 Cross a T and dot 9 Butter 10 Dupe' Honey bunch 14 British Isl. 15 Tennis word 17 After K 18 River in N. E. England 20 Arabic letter 22 The masses 27 Chick sound 29 Cash drawer 30 "Sweet 31 Princetonian 33 Religious military supplies 35 Seafood 36 Irish and Hungarian 37 Mother's word 38 Consumed 40 Li'iAbner's the Hyena 44 Yakity-yak 45 Hungry infant 47 English festivals 48 Relative 49 Be first to quaff from the flowing bowl 53 Grain 54 Roman villain 55 Tea 56 Operate 57 Stage curtain 58 Unwell 59 Shade 61 Old Italian poet 65 Groove 66 Religious artillery 73 Caucasian 76 Left-winger 77 Gloomy 78 Leg part 79 Source of white marble 80 Graf 81 Indian 82 Bird 83 Foxy 84 Arab name 86 Dutch commune 87 Old English letter 89 Period 90 Stream in Spain 91 Unit 92 Obtain 93 Gibbon DOWN 1 Increase in Leather- necks 2 Structural beam 3 English title 4 Former French landmark 6 "Ode Grecian Urn" 6 Flit along 11 Mont 12 Boss of a TV show 13 Compass point 15 Slats 16 AdamBede author 18 Flat: abbr. 19 Wreath 21 Insect bides its time 105 Bristled 106 Greek letter 108 Peruses 109 Municipality: suff. 112 Radiation 114 Petruchio's shrew 22 Average 23 Unusual 24 Pokey 25 The gums 26 Tree 28 Mexican laborer 32 On the shelf: abbr. 34 37 Polka 39 Sea eagle 40 Anon 41 Town in Mexico 116 Grayish brown 119 Blood clots 120 Specific for dysentery 121 Egrets and herons 122 Stage whisper 42 Alonquian "friend" 43 Wood 44 Roman Hera 45 Leave off 46 Grade 48 Nesting places of large birds 49 Search party for Bligh's ship 50 Tip 51 Toppieca 123 Pattern 125 Blackbird 126 More uncommon 127 Indian 128 Tend 129 Dutch painter 52 Old Greek small light shield 59 Musical syllable. 60 Pronoun 62 Photo 63 Quebec city 64 In tuna 66 Mass 67 French market 68 Japanese shrub .69 Edgd 131 Capricorn 132 Be gloomy 133 Girl's name: var. 136 Latin here 138 Foot 140 Pair 141 Body'of water 70 Third Cent. date 71 Coonskin, e. 72 Adjective ending 74 Islet 75 Compass point 79 Fictitious John 84 Matinee 85 Good: Lat, 87 Labor measura 88 Bond CRYPTOGRAMS SOLUTIONS OF IAST WEEK'S PUZZLES 1. SOTYTSK YRUBL BYYBSHWU EBYWKY STATE KWOABCYK' KYOTHW BK "CRY AWOL STATE 2. TVVB YTVBE RVYE RVVT. -By Earl Ireland 3. L F Y M Q U Y AMID U P T Y I Q N A T I O J F N APLY-JQTUMY MOOD. Lois Jones Last Week's Cryptograms 1. Hunting season got off with big bang when drunken hunter accidentally shot water-lily instead of duck! 2. Aging tailor treated yonng sailors rudely. 3. Cool doll kicked pipe. 4. The fair professor was a whiz with a quip or a KOR RELEASE MAY (t, 1973 by Chicago rnbune-N.Y. NewsSymJ. t world Rights Reserved ;