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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 20, 1972, Lethbridge, Alberta Saturday, May 20, 1972 THE LETHBRiDGE HERALD 19 Strong trend evident Druggists happy with new code VANCOUVER (CP) Phar- macists today welcomed Health Minister Ralph Loffmark's an- nouncement of r e g u 1 a- tions which allow druggist's in British Columbia to substiute cheaper drugs for those pre- scribed by doctors. Leroy Fevang, registrar fit the B.C. Pharmaceutical As- sociation, said lie is hopeful the move will lower the price of drugs to the consumer and add- Alhertaiis lose Red plane bid CALGARY (CP) A group of Alberta businessmen may have lost an opportunity ol being North American distribut- ing agent for a Russian huill aircraft because of an entry from the United States. E. H. LaBorde, a transporta- tion consultant, said today the only way Canadians can offsel North American Rockw ell's bid is to have Canada firs! certify the air worthiness of the aircraft. The plane, In service in the Soviet Union since 1966, is the short-takeoff ami-landing Yak- 40 tri-jet. It has not been certified In any North American country and only in a few European areas. The Alberta group has been negotiating with members o: the Russian embassy in Ottawa for some time, Mr. LaBorde said. The Alberta representatives were anxious to have the jet displayed and demonstrated in the province as a possible pre Jude to establishing a Canadian distribution agency for the craft. North American Rock well said last week it was ne gotiatmg to obtain the distribu lion rights in the U.S. It has a 700-mile range and can seat up to 31 passengers cr be modified to haul freight THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience in Making Reservationi CALL AND ASK FOR LONG DISTANCE ZEnith 0-7255 at no cost to you IVIERA MOTOK HOTEL 5359 Calgary Trail Edmonton, Alberta Phono: (403) 134-3431 Telex: 037-2510 ed that regulations on labelling will mean safer drug use. Mr. Loffmark said the gov- ernment expects thai in many cases the costs of prescriptions will be reduced by and that the regulations will "thoroughly discourage high-cost drugs when the high cost is based on nothing but promotion." Mr. Loffmark said that in fu- ture, pharmacists may dispense a brand of drug other than the one named on a prescription, providing the substiute is of satisfactory quality and cheap- er than the brand prescribed. The health minister said, however, that pharmacists will not be allowed to dispense an alternative drug in cases where the doctor stipulates that no substitute be made. Debts drop to finance companies OTTAWA owed to finance companies for con- sumer goods totalled mil- lion in February, a 5.2-per-cent decline from the ?930.5 million owed in February, 1971. The report was based on a sampling of firms whose prin- cipal activity is sales financ- ing. Statistics of subsidiary sales finance companies auto manufacturers were in- cluded, but figures from fi- nance companies which are subsidiaries of large retail or- ganizations were excluded. Bank loans were also ex- cluded. The statistics show that fi- nance companies were owed S608.1 million for autos and million for other con sumer goods this February, down from million and million respectively a year earlier. The figures do not cover au- tos for commercial use. Other consumer goods include such items as furniture, television sets, appb'ances, mobile homes and recreation equipment. During February there were million in contracts fi- nanced for autos. up from million the previous February, and 20.4 million in other con- sumer goods, up from mil- lion. February repayments total- lized million on autos, up from million, and million for other consumer goods, up from million. Total debt, loan and repay- ment figures do not include the finance companies intere s 1 charges. By I'ETER U3ICHNITZ Canadian I'ress Staff Writer A marked upswing in tradiig, primarily due to investor confi- dence of further gains in the near future, resulted in strong >erformances by most major Canadian stock markets this A'eek. Analysts said reaction to last week's federal budget was more noticeable as many investors re- Lurncd to the market after studying the impact new tax measures would have on certain sectors of the economy. Shares of manufacturing, pulp and paper, chemical and steel companys, which benefit from tax cuts, all scored broad ad- vances during the week. At Toronto, the industrial index, a prime indicator of mar- ket activity, was up 3.96 points during the week, closing Friday at 203.84. At New York, the market en- joyed one of its best advances of the year this week in active trading. On the Montreal and Cana- dian stock markets, the compos- ite index was up 3.97 points, closing Friday at 207.11. Combined volume on the two exchanges was 7.89 million shares, compared with 7.93 mil- lion last week. A total of 12.54 million shares changed hands on the Toronto market during the week, up sharply from 9.83 million a week earlier. SHARP ADVANCES Gold issues registered tho sharpest advances of the week, reflecting higher prices and in- creased trading on international bullion markets. Wednesday, the price of gold on the London bullion market topped (U.S.) a fine ounce, more than 519 above the official price of (U.S.) an ounce. Analysts said speculative and industrial buy- ing has accounted for much of the advance in recent weeks. On Canadian markets, gold is sues soared to highs for the year. During the week, the To ronto market's gold index rose 13.17 points, the second-largest weekly advance of the year, to 200.69. Wednesday, the index closed at 206.58, its best level in almost two years. On Wall Street, the Dow Jones industrial average of 30 blue- chip issues rose 9.72 points dur- ing the week, closing Friday at 961.54. Traders said investors appear Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS 4Vi% Sept. 1, '72 99.95 100.05 >A% Oct. 1, '75 95.75 97.75 July 1, '78 104.75 105.75 Sept. 1. '83 79.75 Perp. 3 Sept. 40.00 42.00 CVi% Apr. 1, '75 100.75 101.25 July 1, '75 102.50 103.50 Sept. 1, '92 82.00 83.00 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS HIGH RATE The divorce rate in Alberta is 50 per cent higher than the Ca- nadian rate. H. H. Smith Ltd. Customs Broker EDMONTON f 0 J63-8MOI 328-8141 COUTTS 344-3821 less concerned about develop- ments of the Vietnam conflict :han they had ui recent weeks. Volume on the New York market during the week was '8.22 million shares, up from 71.92 million last week. Base metals moved mixler- ately higher benefiting from what analysts termed "bar- Speculation over poor earn- ings had driven many issued to lows for the year. During the week, the base metal index of Ibe Toronto market climbed 3.29 points to 98.47, a high for tho year. The western oil Index of the Toronto market was up 5.08 points during the week, closing Friday at 217.04. Bond prices Budget CUSTOMS imim'.iniillill! Alberta 81 Ontario 7 Ont Hyd 9 New Br W. Nfld N. S. Quebec 8 Alberta ff.'t Man Hyd 8 '90 103.00 105.00 '83 9D.OO 92.00 '94 107.00 109.00 '90 103.00 110.00 '74 100.00 102.00 '92 85.00 87.00 '74 100.00 102.00 '90 104.00 106.00 '91 97.00 99.00 Ex-Taber man No. 1 citizen CALGARY (CP) The city Jaycees have chosen an 80-year -old youth worker as their citi- zen of the year George Tillisch has organized and helped operate recreation program for boys since he first came to Calgary in 1947 and is still an active director in the area. He came to Canada from Denmark in 1926 and moved to Taber, Alta., in 1929 where he first became involved in youth organizations. Sask Nfkl AGT Man Tel '90 105.00 107.00 '30 107.00 109.00 '74 101.00 103.00 71 101.00 103.00 INDUSTRIALS Alta G T K'ii Alcan y-Kr'n B.C. For B.C. Tel Bell Tel Bell Tel CP Ltd Ifii CP Sec Cdn Ulil CWNG KTc Gulf OiT '90 105.00 107.00 '91 105.00 107.00 '92 108.00 110.00 '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 '91 107.00 109.00 '90 107.00 109.00 '90 103.50 105.50 Inter P P Massey Noranda '93 105.50 107.50 '80 104.50 106.50 i% '90 105.00 107.00 Int Nickel '80 108.50 108.50 Nand C G 9'.i': St of Cdn Tr Cdn P Tr Cdn P 10% '91 106.00 108.00 '90 105.00 107.00 '90 108.00 110.00 '90 110.00 112.03 CONVERTIBLES Alta G T Cons Gas Dynasty 7 Acklands Scur Rain 7V4 '90 134.00 138.00 '89 94.00 96.00 '82 108.00 112.00 80.50 87.00 98.50 89.00 Tr Cdn P 5 '89 108.00 111.00 WC Tr C 5'i% '88 97.00 99.00 WC Tr '91 124.00 128.00 Dividends By THE CANADIAN PRESS Canada Packers Ltd., 16 cents July 3, record June 9. Goodyear Tire and Rubber Co. of Canada Ltd., common June 30, record June 9; four per cent pfd. 50 cents July 31, record July 10. THE GOVERNMENT DOLLAR Graph s'-iows where federal government will get each cent and where It will ba spent during the fiscal year ending March 31, 1973. Other expenditures include four cents education assistance. Other revenues 11 cents non-tax revenues. Fiscal transfer payments to provinces take nine cents of budget dollar. Electric car having trouble with finances TORONTO (CP) An elec- tric car, designed to withstand impact with a brick wall, is j having trouble with financial hurdles. The car, which looks some- what like a lunar rover, is ex- pected to be the University of Toronto's entry in the urban ve- hicle design competition in Michigan Aug. 6. It was designed by engineer- ing students to minimize pollu- tion, conserve fuel and provide collision protection. The competition is open to all universities and colleges and some 90 entries are expected. The estimated cost of building the prototype is about ?30.000. The students have received from the federal depart- ment of transport and material and supplies from a number of manufacturers but a recent ap- plication to the Opportunities for Youth grant program was turned down. The students are continuing to Work in the project and are hoping to find more funds. Lethbridge, Alberto The Alberta Department of Agriculture in Lethbridge, offers an excellent career opportunity for an individual possessing proven ability in Irrigation Administration. Typical duties: program policy, supervision, manage- ment, and liaison will be the responsibility of the Director of the newly formed Irrigation Division. The successful applicant will supervise programs emphasi- zing the establishment of adequate irrigation systems for farm enterprise and development of land use; the definition of problems in irrigated Agriculture and their solution; the settling of all vacant crown lands within irrigated districts and the provision of assistance and advice for establishment of viable irrigated farm units. This position will be of interest to graduates in Engineering, Agriculture Engineering, or with extensive experience in Irrigation Irrigation Administration. Interested applicants must be eligible for membership in the Association of Prcfessional Engineers of Alberta or the Albsrta Insliiute of Agro- logists. Salary to per annum. Please quote Competition No. 1005-C-l. Closing date for applications June 12, 1972. Informaticn and application forms from: Government of Alberta Personnel Administration Office, Room 1101, John J. Bowlen Building, 620-7th Avenue S.W., Calgary 2, Alberta Crossword By Margaret V. Judah PLACE FOK EPAULETS ACROSS 47 shake 74 to: shun City prices index rise? OTTAWA (CP) Vancouver, Ottawa and Thunder Bay recorded the largest increases in consumer prices in April, up seven-tenths of one per cent in each city from their March lev- els, Statistics Canada reported Wednesday. Prices in all other major centres rose by smaller amounts. The city price Indexes com- piled by the statistics bureau record only the change in prices within each city from the pre- vious month. They cannot be used to compare living costs be- tween one city and another he- cause costs varied in the base period, the bureau said. H i g Ii e r food prices were recorded in Ottawa, Thunder Bay and Vancouver. The price indexes for Ontario cities also reflected liigher provincial liq- uor and tobacco taxes. Indexes for April based on 11961 prices equalling 100, fol- i lowed by indexes for the pro- i vious month, were: i St. John's, Nfkl., 127.5, 127.1: j Halifax 129.9, 129.4; Saint John, N.B., 129.5, 128.9; Montreal 130.1: Ottawa 135.1, 134.1: Toronto 133.4, 132.6; Winnipeg 131.9, 131.6; Saskatoon and Re- gina, 127.3, 127.0; Edmonton and Calgary, 132.0, 131.4; Vancouver 131.0, 150.7. Based on 1969 prices equalling 100, the indexes for Quebec City were 107.0 and 106.5, and for Thunder Bay, 107.0 and 106.3. SALESMAN OF THE MONTH Roynl Truft ond Jnck Higgins Frnser BanMm, John P n n e r Elizabelh Dykslra, Peter Carroll ond Stella Grismex would like to con- gratulale Ray la Valley on ing the Lethbrlrigs Salesman of (lie Month for April 1972. He achieved this honor hv hav- ing the highest voluma of and MLS sales in the city for (hat period. Ray has fust completed tho intermediate Real EstnlP course, Ho has won this nward for 3 out of tho past 5 oyalTrust REAL ESTATE SALES 740 4lh Avcnus S. Phone 328-5516 Willi 57 Officoi from Conil la Coast J -J ti-j aw By Gene Fawcette iATZST HOVfRCMFT SAIDTOBETHEWORLD'5 FIRST ALL-PLASTIC AIR-CUSHJSM NEW TWO- PASSENGER CRAFT WITH RUS6ED THERMOPLASTIC BODY CRUISES EQUALLYWELLOVER LAND, WATER, SNOW OR ICE AT UPT040MPH... CLAIMEOWBEA CRAFT MM THE AIRFOILS 7fWWNGWEAlR. THE town COST AMP 6 Bundles 11 -----pjca 16 Fetes 21 Expatriation 22 Poet's everlasting 23 Antiqua hunter'j paradise 24 Wide-awake 25 Frankly 29 Up Ei- SC) Warm 31 32 Adjectivt suffix 33 Wildebeest 34 Kind of sack 35 Wild hog 36-----It out 37 Inspires wonder 39 Kind of fuel 40 Clamorous Bogs 42 Short 44 Group of mackerel 1 riies or mosquitoei 2 Spare 3 Bored A Wingj 5 Hawaiian garland 6 Guillotine 7 of rosej 8 Departed 9 -TO il human" 10 Sleeping noisily 11 Snara 12 Roman emperor 13Sault----- Maria 48 Aleutian island 49 Ancient region of Asia Minor 53 Considers carefully 55 Football player's equipment 53 Vex 59 King: Ut, 60 Porgy 61 Ssndy tract 62 Animal doc 63 Babylonian supreme god 64 Crazes 66 Weaving ma china 67 Coupla 68 Prickly----- 69 Ancient- Italian city 70-----of Tarsus 72 Type of alcohol 73 Violin's big brotht. 78 Walk on 81 Sale terms, perhaps S2 Collector's 83 Dispossesi- 87 "Gone the Wind" 88-----far as E9 Univ, subj. GO Kilt wearer 91 Nothing 92 1 in Berlin :3 Suffix with depend and consist 04 Bacchanalia 95 96 Preposition 97 Military command 100 Noisy talkert 103 Tries 104 Follower! 105 Corm 106 Idolizes 107 Antenna! 110 viol 111 Family 112 Primrose 115 Prefix potent or bus 1 1 E Lavft 117. Sunday 118 Tourist's aid 121 Friend In Avignon 122 Sheep's bleat 123 River islei 125 Innocent 126 working vigorously 132 Pale 133 Weird 134 Sunday punches 135Praiss highly 136 Pits 137Currt 138 Lymph 139 14 "My country, ofthea" 15 Sorer Ifi France Eve" 18 Narrow shelf 19 Field of endeavor 20 Swagger 26 Grave robbers 27 Junior 28 Kiln 35 Throw thi -----at 35 Forest denizen 37 Wife cf 63-A 39 Sustsiri Single 41 Bend 42 Halt 43 Ireland 44 Aid for bus standees 45 Kind of fabric 46 Eve of 3 bean, e.g. 47 -48 Droning 50 Kind of oranga 51 Visionary 52 Star: pref. 54 Public enactment 55 Reprimand! 56 Stalemates E7 Go off titt deep 60 Spirit 65 Walk on 66 Asian nation C7 Destiny 68 Forward 70 Egyptian god 71 Shadow: pref. 72 Stimulate IS x 23, by Anthony Morse 73 la guerra 75 Ancient Ninevita 76 Corset support 77 Opus for two 78 Coil 79 Nouvenu 80 Character- istic spirit 78 Minei 84 Sanctum" 95 Troubles 85 Saltpeter 96 Waffle 86 Polish 88 State: abbr. 89 "A Farewell 1 Yarn for the warp A Beginning of learning 7 Nonsense) 11 Wreath 12 Seafood 13 Herb genus 14 Fright 15Sw8llowirj a hurry 17 Saisons 18 John, David and Nelson 22 Drink 23 Vegetabla 24 Correct 25 Bonnet dweller 26 Foundation ofn garden 28 Parisian landlord's take 29 Rod 30-----ono 31 Moon valley 33 Hartmann von Aiffl hero 34 Cervina 35 African tree 39 In the most charitable sense 43 Moslem scholars 45 Bacchantft 46 Australian sailing challenger 47 Feipns 48Profil9 Mountain feature 54 Lat. 56 Basis of lya Canapa items 60 Post Offica issue 61 Recording device 62 English ffsiivals 63 Trea 64 Coama 68 Choc-SB 70 Wcasel'i co us m 72 Gibbon 73 Measurw SOLUTIONS OF LAST WEKK'S J'L77.t.KS from ivn under fT; t.lA1. word Greek letter IIY Z A H H PI UPPER; ZOO DYZD'X ORID I, N Z OLDDOR X A P P E R I Hy Norton Rlioadn 2. A T, n U M S W U MI S J S X Q F Q M D Tt U M 0 T X W L S L A P G ir fi G D P G HW I, S n N a r. w L F x n n. -----By Henry Cclmao Jjisl Woelc's Crj-ptofrrnmii 1. Morose coulrtnl fit nnd awful stigmn of his wilful, hrtrnlrss condition. 2. Stagc-strurk starlet cots bin break Marring in now liil show about n struck starlrl. 3. Mean innid nailed mailman. 1972 by ChTMroTtJhimc-N.Y. News Synd. inc. WorldRighisRcscivca ;