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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 3, 1971, Lethbridge, Alberta SO THt 1ETM8RIDGE HERAID Wedniudoy, November 3, Credit cnrd losses continue lo mount by banks lias yet to materialize NTW rnilliiirt bink i-rt billion i yul to merchants hnve chained. Some m.ite riali nre l> of lllnillt I'dl profit icil liy banks is and many disen- MllK'lVS C.MI- los; Jin fate million on their crrdit c-.'.nl (.pci-atiuns in and that I they iir-c likely to po even j inlo the red this year. Difficully in generating a profit from the proliferating card business Is attributed to customer fraud, theft, default on account payments, misman- agement, collusion by IlliT- c-hants and the high cost, of prore.-sing records of transac- tions. The American Bankers Asso- cialiou reports that 9.111 banks are involved in card operations, some on their own and many in assoeiation wilh olhers. The number of merchants ac- cepiint; bank cards is estimated by'ind'uslry sources at ItOO.OOO. stepped inlo tb.e credit canl arena in on a local I basis. In iMili thi1 operation bo-t came national when Bank ol America of San Franc is co began franchising its Bank- A m o r i c n r d to other banks throughout I be country. Bank curds are used mainly for retail purchases while cards issued by American Express, Diner's Hub and Carte Blanche arc used primarily for travel and entertainment, Master Charge, issued by an associalion of banks called In- terbank, is the biggest bank card operation, with sales vol- ume of billion in 11170. BankAmerieard was second with billion. Associated Credit Bureaus, Inc. says in a report on bank credit cards that they should be "a made-lo-order, tie key to the heavenly gales of [financial growth and well- being." It adds, "there arc rumblings of discontent in para- dise." The association says many banks are re-evaluating their position in Urn credit card busi- ness; some are dropping their programs and some are traiis- j [erring them to other banks. "On the merchant side of it, similar discontent has set (he associalion says. "Many smaller retailers in particular are questioning the worth of bank card programs, feeling thai the benefits to them are few, if any. "During the recent period of inflation, increasing costs and smaller profit margins con- vinced many that the bank card-generated business did not justify the discount rates charged by the bank or the de- layed retailer income Inherent ia iiie program. CAM.INT. AN KLECTION LAG, New Guinea (AP) Benny Gimhu wanted to com- memorate the birth of his lion on the clay he was voted in as a member of Lao town council. He named the boy Election. Prices Effective In Lethbridge Stores Nov. 3-6 il In Bag Vegetables Green Giant Sweet Peat, White Corn, Lima Beam 10-ot. pkgs or Cream Corn 12-oz. net wt. pkg. il In Bag Rice Products Green Giant, Medloy, Verdi, Pllaf, Spanish Rice, 12-oz. net wt. pkgi. A good assortment of foods in your freezer is a great help in meal planning. This big Frozen Food Sale will help you maintain the supply for welcome meal variety. Restock at savings. Hurry to Safeway now! Take advantage of dozens of wonderful values in top-quality frozen foods. We're also featuring many big buys in other departments. Don't miss the great values all over the store! Super Saving Buys! Bel Air, 5 oz. net wt. size Bel Air, Sliced, Canada Fancy.......... 15 oz. net wt. pkg. STRAWBERRIES Bel Air, Sliced, Canada MEAT PI Manor House, Beef, Ch RASPBERRIf IB Manor House, Beef, Chicken, Turkey 8 or. net wt. size Bel Air Canada Fancy 15 01. net wt. pkg. Bel Air......................-. ..____ 24 oz. net wt. size Fraser 2 Ib. bog CAMPBELLS CONDENSED SOUP 10-fl. oz. at Discount Price. Potato Soup Each 370 Shrimp Soup Each 590 Osyfer Stew EacH 590 Lobster Bisque Each 590 PILLSBURY REFRIGERATED BISCUITS Almond, Sugar, Chocolate Chip, Raisin or Butterscotch 14-19 oz. nej wf. roll for .00 ix'l Don't Miss These Super Savers Air, Ploin or Shoestring Canada Fancy......................4 Ib. bag Bel Air, Pink or Regular, Concentrate Frozo 2-lb. bag Cauliflower or Regular Cut Green Beans, 2-lb. bag 6 fl. 01. tin T1 for Bel Air, Canada Fancy................2 Ib. bag Toaster Ready 10 oz. net wt. pkg. for Swansons fb 8 01. net wt. size for Discount Prices Rhubarb 59c Pineapple Pie 65c 2 Ib. pkg. 21 for S Be! Air Canada Fancy 2-ib. net baq Chopped Broccoli Kernel Corn, Mixed Vegs. 01 Green Discount Prices Snow Star 4 flavours 11 oz. net wt. pkg. Bcl Air, Canada Fancy Air 10 or. net wl. pkg. 0 I C Green Spinach Bo1 Pkg. 27c Diced Carrots Fanc% baa 39c Whole Carrots .Bohy' 39c Asparagus Brussel Sprouts Bo1 Pkg. 39c Grape Juice 2 ,or53c later Gems Comnlion: ,CnnoHa 2 ,b. bng 54c Onion Rings pkg. 75c Apple Juice'T'" 49c 69c 7 oz, wl, pkg, H.JL Diced Peppers Dolnor....., pkfl. 39c Peas and Onions Delnor w, pkg. 37c Asst'd Strudels 59c Corn Niblets FTV bns 69c Pea Pods Dolnor Doln Bel Air Concentrate 6-fl. oz. Discount Price 1 Discount Prices Ice Cream lmT'.Raip' chT 85c Vanilla Sherbet Raipbmy .lT'pin, 69c Ice Cream 79c T I Vnnllla, largo, Pkg. of 6 or CQr cskimo ries Mim Ice Milk carton 57c Dixie Cups pks. rf 39c Drumsticks lucern' .........pkg. 59c Asst'd Sundaes lutern' pka 59c Juice Bars M Air'Grap0' Umon' 4 59c Eskimo Pie 6 59c Eskimo Pie ESKIMO Chocolate Fudge or Kreme Kooler, Pkg. of 6 TWIN Eskimo Pie Assorted Flavours, pkg. of 6 3 Artichoke Hearts :.Min, OI pls. 79c Mixed Fruit Dslno: 15 wl. Pig. Sic Sliced Mushrooms 9Sc Fiddle Heed pkg. ?9c Mushrooms D'or: w, pfeg. 55c Baby Potatoes pkB. 37c Apple Pies McCain': Gm" 8, 5h. 59c Ravioli Dinner 79c Tortillas Cheese Pizza Tart Shells 53c Bread Dough ..5-1 88c Dumplings Aunl ,4 nrt ptg. 73c Cooked Squash Yorl< 14 net wt. pkg. 29c Pecan Pies 99c no, Pig. 45c 1r, M, wt. pkB. 79c Turnovers 49c ;