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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 18, 1972, Lethbridge, Alberta W. German rivals vying for votes BONN (AP) Chancellor Willy Brandt and opposition challenger Rainer Barzel vied for last-minute votes today on the eve of one of the closest-run elections in West Germany's 23 year history. Highest earnings for AMC DETROIT (AP) American Motors Corp. reported Wednes- day its highest earnings since 1964, saying its net earnings for fiscal 1972 were nearly triple those of 1971. Company officials said net earnings million or a share for fiscal 1972 compared with net earnings of million or 40 cents a share a year earlier. American Motors alone among the auto companies op- erates on a fiscal year ending Sept. 30. General Motors, Ford and Chrysler report eanings on a calendar year basis. John Pichurski, a company spokesman, said AMC will pay no dividend to its shareholders this year. He said AMC has not paid a dividend since the third quarter of 1965. Earnings for: both 1971 and 1972 included tax credits result- ing from losses in previous years. The tax credits added 51 cents a share to this year's earnings and 18 cents to last year's. Earnings slip CALGARY (CP) The earn- ings of CanDel Oil Ltd. slipped to or 51 cents a share for the first nine months this yew compared with or 56 cents a share the corres- ponding period in 1971. Dividends By THE CANADIAN PRESS Ford Motor Co. of Canada Ltd. 75 cents, increase of 25 cents, plus an extra of Dec. 15, record Nov. 24. Gordon MacKay ind Stores Ltd., Class A, 12% cents, Dec. 15, record Dec. 1. H. H. Smith Ltd. Customs Broker coins J44-.1IB Amid the first heavy snows of winter, Brandt rallied his Social Democratic supporters in the small northern town of Bad Old- esloe before visiting nearby Luebeck, the Baltic seaport where he was born, and West Berlin, where he was mayor in the cold war years of the early 1950s. Christian Democratic leader Barzel toured his Paderborn constituency in northern Ger- many without giving any offi- cial speeches. Amid forecasts of an unprece- dented 90 per cent or better turnout among 40.8 million eli- gible voters Sunday, the elec- tion still appeared undecided. Brandt focused attention this week on his popular, Nobel Prize-winning drive for East- West friendship. He said Friday night he hopes to visit East Berlin "before Christmas" if re-elected so he can sign his good-neighbor treaty with East Germany, con- cluded only last week. HITS ECONOMIC ISSUES Barzel flayed Brandt's men Friday for failing to halt record consumer price 6.4 per cent ahead o! last year's. Though the maul interest is focused on the Brandt-Barzel confrontation, another factor which could decide the outcome is whether Brandt's Free Demo- crat coalition partners receive the five-per-cent minimum vote required to enter parliament. Brandt's Social Democrats have almost no hope of winning alone, observers say, and the Free Democrats received only 5.8 per cent of the vote in the previous election in 1969. If the Free Democrats do not make it this time, Brandt will not be able to form a govern- ment even if both coalition par- ties poll more votes combined than the Christian Democrats. A total of eight parties have fielded candidates for 496 lower house seats in the voting. Ford recalls cars, trucks DETROIT (AP) Ford Mo- tor Co. announced Friday it is recalling more than cars and trucks which may need braking or fuel-leakage correc- tions. Ford said it will recall in the United States 1973-model cars equipped with 4294V en- gines and 1972-model Econoline trucks to find about vehicles which may need the corrections. Also affected are 945 cars and trucks in Canada and 114 cars and 857 trucks in export markets. About of the Econoline trucks have improperly routed front brake hoses which rub against the front suspension coil sprints, Ford said. Of the 429-4V Ford and Mer- curys being recalled, about 65 are suspected of having car- buretor fuel leakage which could result in delayed starting, Ford said. Inspection and necessary cor- rections will be provided by dealers at no cost to customers, Ford said. EXPERIENCED AND QUALIFIED CLUB MANAGER Required for Active Downtown City Club at Calgary PLEASE REPLY IN CONFIDENCE TO RIO HOLDINGS TOUCHE ROSS COMPANY 600 SIXTH AVE. S.W., CAIGARY 1, AlBERTA ARE YOU AT A DEAD END? you working at a job that is leading nowhere? Now could be the time for you to make a change and ensure your future success. We aro seeking dynamic men and women from all walks of life, who want above-averago earnings, to join us as highly respected financial representatives. You will bo trained, using tho most sophisticated techniques, and given contin- ual assistance by experts, oil at our expense. Tho fringe benefits and high earnings potential will provide successful candidates with security, income and prestige. Tho growth of our company in Canada moans that many posi- tions havn lo be filled, and so, based upon performance, ad- vancement will bo assured. We are part of a largo, aggressive, international Financial Services company, with offices in 23 countries administer- ing of over Why not flivo us a call today and change from thai dead end to a glowing future. Phone MR. ARCHIBALD, 328-1111, p.m. November 23, 1972, only. Mighty market climbs By MIKE WILLIAMS Canadian Press Staff Writer Confidence was restored and prices climbed higher this week in active trading on Canadian stock markets. The most significant break- through came when the New Ycrk market's average of blue- chip stocks closed over 1000 for the first time in its history Tuesday. It repeated the per- formance in two later sessions. Canadian Business Service said in a newsletter that, al- though the breakthrough "ma_y sound like a numbers game, it does have a profound psy- chological effect and is one of the factors needed to stimulate investor confidence. Major Canadian markets opened the week with little ac- tivity and closed the first ses- sion unchanged to slightly higher. Tuesday, however, saw a sharp increase as the Dow man- aged to reach its record close. GAINS MODEST Investors took advantage of inflated prices Wednesday for some profit-taking but modest gains were recorded Thursday and Friday as the Dow again dosed over 1000 in both ses- sions. Factors such as unemploy- ment and inflation continue to plague some areas of the mar- ket but most analysts are con- fident that the favorable per- formance being seen now on Canadian markets will stretch into 1973. Canadian Business Service said it looks "for higher stock prices based on fundamentals such as quickening business ac- tivity, higher corporate profits and rising consumer spending." At Toronto, the industrial in- dex, considered a major in- dicator of market trends, was up 1.29 on the week. At New York, the Dow Jones industrial average of 30 key is- sues climbed 10.30 points during the week, closing at 1005.26. MONTREAL INDEX UP On the Montreal and Cana- dian exchanges, the composite index was up .53 points on the week, closing at 219.75. Combined volume on the two exchanges was 6.53 million shares compared with 8.02 mil- lion a week earlier. Trading was active through- GM warned about car quality DETROIT (AP) John Z. DeLorean, a General Motor Corp. vice-president, has warned other GM executives that if better car quality is not achieved, warranty repairs will destroy the company, a Detroit newspaper says. Robert Irvin, Detroit News automotive writer, reports De- Lorean delivecd his warning to 700 of GM's top executives who are gartered in a secret meet- ing in tJw Greenbriar Hotel in White Sulphur Springs. W. Va. The Greenbriar conference is held evey ttoc years. Top GM executives must attend. Irvin also reports DeLorean told GM executives the first use of the Wankcl rotary engine will be in a version of the 1974 Chevy Vega. "At least one proposed prod- uct program shows the rotary engine in 80 to 100 ncr cent of our automobiles within the next 10 years." Irvin quotes DeLo- rean as telling the conferees. He also warned that loyalty among GM car owners is dimin- ishing, especially when com- pared with people who own Ford Motor Co. cars, Irvin re- ports. The only solution, he is re- ported to have said, is to pro- vide better quality. the RIVIERA MOTOR HOTEL Welcomes you to Edmonton To help make your stay more would like to introduce you to all our facilities. MORE PEOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone JVIERA MOTOR HOTEL 5359 CALGARY TRAIL. 43-43-43-1 out the week on the Toronto market with 14.54 million shares changing hands com- pared with 16.70 million the pre- vious week. Base metals Issues at Toronto were unchanged to slightly lower at the week's close de- spite a run of increased earn- ings reports. The index closed at 83.42, down .22. Toronto's gold index was the only one suffering a heavy loss on the week, closing at 175.45, down 2.54. Thursday was the only session the index managed to post a gain at the close. The western oil index was strong throughout the week closing at 260.20, up 1.C4. An in- crease of 1.09 points Wednesday accounted for most of the gain. Bond prices Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS Sept. 1, '72 Matured Oct. 1, '75 98.00 99.00 8 July 1, '78 106.00 108.00 414% Sept. 1, '83 83.50 84.50 Perp. 3 Sept. 15 41.00 43.00 Apr. 1, '75 101.00 102.00 7V4% July 1, '75 103.00 104.00 Sept. 1, '92 82.00 84.00 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS Alberta Ontario 7 Ont Hyd 9 New Br Nfld N. S. Quebec Alberta Man Hyd 8 Sask 8% 5 Nfld AGT 8 1 Man Tel 8 '90 105.00 107.00 '88 91.00 93.00 '94 103.03 110.00 '90 108.00 110.00 '74 101.00 103.03 '92 84.00 86.00 '74 100.00 102.00 '90 106.00 103.00 '91 100.00 102.00 '90 105.00 107.00 '90 107.00 109.00 '74 101.00 103.00 '74 101.00 103.00 INDUSTRIALS Alta G T '90 105.00 108.00 Alcan '91 105.00 108.00 B.C. For n% '92 107.00 109.00 B.C. Tel '90 105.00 107.00 Bell Tel tW> '.79 104.00 107.00 Bell Tel '93 107.00 110.00 CP Ltd K% '89 104.00 106.00 CP Sec '90 105.00 107.00 Cdn Util '91 105.09 108.00 CWNG Gulf Oil Inter P P Massey Noranda 914% Int Nickel N and C G 914% St of Cdn Tr Cdn P Tr Cdn P 10% '90 107.00 109.00 '90 103.00 105.00 '90 105.00 108.00 '80 105.00 108.00 'SO 105.00 108.00 '90 107.00 109.00 '91 106.00 109.00 '90 105.00 108.00 '90 107.00 110.00 110.00 113.00 -Saturday, Nov.mt.tr II, THt inHMTOOf HfRAlD 29 Bond sale short OTTAWA (CP) Another million was added to tha federal treasury this week through the sale of Canada Rail company earnings up MONTREAL (CP) Cana- dian Pacific Ltd. reports total earnings of million, or 89 cents a share, for the first nine months of 1972 compared with ?54.7 million, or 73 cents a share, for the corresponding pe- riod of 1971. The company attributed the increase to greater traffic vol- ume in its various subsidiaries and consolidation of some oper- ations. Savings Bonds, bringing the total for the last three weeks to more than million, the Bank of Canada reports. Sale of the bonds continues, but after Nov. 15 buyers began to pay extra for the interest which accrued from Nov. 1. Fi- nance department officials say it will be some time before all returns from the fall sales cam- paign ar recorded. Finance Minister John Turner said Thusday he expects the total sale of 1972 bonds will run to billion. This is far short of the record billion sold in the fall of 1971 but better than average. The central bank reported that as of Nov. 15, outstanding Canada Savings Bonds of new and all previous issues to- talled nearly billion, up 1.1 billion for the year. SELKIRK HOLDINGS LIMITED NOTICE IS HEREBY GIVEN that a quarterly dividend of six cents per ha> been declared on the out- standing Class "A" non-voting shores without nominal or par value in the Capital Stock of the Company payable on Dec- ember 29, 1972 to holders of Class "A" shares of record at the close of business on Dec- ember 15, 1972. By Order of tho Board F. T. W. NASH Secretary Toronto, Ontario November 14, 1972 CONVERTIBLES Alta G T 714% '90 152.00 157.00 Cons Gas '89 92.00 95.00 Dynasty 7 '82 95.50 98.50 Acklands 714% '88 102.00 104.00 Scur Rain '88 90.00 95.01) Tr Cdn P 5 '89 114.00 117.00 WC Tr C 554% '83 84.00 89.00 WC Tr 714% '91 109.00 112.00 Net earnings By THE CANADIAN PRESS Calgary Power Ltd., nine months ended Sept. 30: 1972, a share; 1971, Royal Trust Co. Mortgage Corp., nine months ended Sept. 30: 1972, 1971, 000. Silverwood Industries Ltd., 36 weeks ended Sept. 10: 1972, 60.71 cents a share; 1971, 90.51 cents. Crowsncsl Nest Industries Ltd., nine months ended Sept. 30: 1972, a share; 1971, 90 cents. SPECIAL STOCK CALF and FEEDER SALE FRIDAY, NOVEMBER 24th at a.m. 600 HEAD OF TOP QUALITY RANCH CALVES MONDAY Wednesday at 10 a.m. FAT and FEEDER CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. FRIDAY At 10 a.m. FAT and FEEDER CATTLE SALES at 1 p.m. SPECIAL Stock Calf and feeders EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADINO HOGS. ED FRENCH DAN KLASSEN KEN MILLER, MAGRATH LOU DE.IAGER WHIT HENINGER 328-3986 345-4358 758-6607 345-4489 328-7354 CONSIGN All YOUR LIVESTOCK TO C. E. FRENCH LIVESTOCK LTD. IN THE HEART OF CANADA'S RANCHING COUNTRY ALBERTA STOCKYARDS Phon. 327-0101 Res. 328-3986 P.O. BOX S-S 1-1-7, LETHBRIDGE By Norton RhoadeB- PUNNY PLACES ACROSS 1 Australian aborigine 6 Girl 10 Comb .15 Sea bird 19 More facile 20 Perched 21 Shakespeare- an sprits 22 French kings 23 Big Washing- ton rickshaw man 25 Arkansas pebble 27 ConstricW 28 Spurs 29 African talk-talk 31 Be in session 32 Haggard novel 33 Edge 34 Italian wave 35 Convict 36 Light talk 38 Sale condition 40 Fisherman 42 Summer hrs; 1 Wyoming mus. notes: 6.2.3 2 World power: init 3 Game for prizes 4 Newly decorated 5 6 Roman praise 7 8 Sustaineo attack 9 Purloin 10 Claws 44 Expenses: abbr. 45 Main song 47 Relative 50 Pain' 52 Chimps 56 Bill and------- 58 Play part 59 French wing 60 Good for you! 61 Command to Gangtok dog 64 Prepared apples 65 Kill 66 Tanker 67 ------Nacht 68 longa 69 Agree 71 Lifeless 72 Word with prompter 73 Plot 75 Dickens' Edwin 76 Miss Naldi etal 78------soda 79 Ages 80 Italian card game 81 Bet 82 Decao 85 Of seaweed 87 Meuse river car style 88 Contends 83------Old Men 90 Man's name 92 Snooze 94 Kind of iron 95 Corrects 97------a big bill 98 Some: Fr. 99 Peace goddess 101 Kindoi common denominator 102 Brittany bosom 103 Exhaust 104 Pickle joints 505 Brother 106 Terrier 107 French one down- hearted 108 Donkeys 109 Wearoway 113 American ostrich 115 Southern 117 Abyss 121 Ukraine metropolis 122 Perfumes 125 Awake 128 Finials 130 Irish sea god 131 Spanish gold 132 Siamese pewter coin 134 Trap 135 Rubbish 136 Coy 137 Massa- chusetts dummkopf 140 Cool cat's spouse 143 Latin to be 144------Haute 145 Theatrical group: init. 146 Ohiowedd'h' 147 Rush 148 SamorJ.C. 149 Prophet 150 Snow and rain 11 Making Gaelic mistake 12 Islet 13 Collections 14 Conic' section 15 Go wrong 16 Place to rule 17 Corner 18 Glacial ridge 19 Self-center- ed one 24 Heritable land 1 Diagramless 21x23 by Anthony Morse ACROSS 1 Criticize 4 Dinei 7 The whole of 8 Inlet 9 Wylie'subject 12 Listening to the staff 16 Trunk 17 Wandering 18 Unit 19 Vegas employed 20 Indonesian paradise 24 Newcomer to the Washington zoo -2G Rouse ,28 Swiss canton 29 City on LakeEria 30 Twin crystal 2G State; Fr. 27 Targets of Women's Lib 30 Presage 35 Chickens 37 Wife of 135-D 39 Hammerand- 41 Again! 43 Followed 44 Modest penultimate letter in Wyoming 46 Shred of waste silk 33 E. Indian dodder 34 ------to tha ground 35 Collection olnotes 36 Compass point 37 Eng.WWH initials 40 River-n Northeast England 42 Ensnaie 46 Tennis word 48 Direction 49 Look-atthe running water! 51 Dressed 53 Israel: fork part 54 Always 55 Separate 57 Napoleon's 5iirgeon 58 Ciattices 59 Tie 60 French box 61 Super jets 62 Willow shrub 47 Soft: pref. 43 Large majority 50 Jellyfish 51 Main chair in the White House 55 Concur 56 Tarry 57 Noun ending 58 Pastry 59 Iron pieca in a mill- stone 60 Put down 63 Irish golf- ers gang up on Americar. pro 70 Gargabe-can raider 74 30th Presi- dent stood her up! 75 Art movement 77 Pronoun 61 In favor of 62 Stir 63 Farm sound 65 Prods G8 Star in Serpens 70 Neckwear 71 Contradicts 73 Port on the Huongulf 74 Certify 75 Hound's rfufi 77 Horse 73 Theater district 84 Musical syllable 79 Cairo cocfcney cheated 80 Nervous 81 Military assistants 83 Purposes 84 Cosy home 86 Nit-pickers 87 Solid alcohol 88 Disappear 85 In fact 86 Dwarf 88 The Grand Canyon 91 Integers: abbr. 02 Top banahi 93 Compass point 94 Uncle: dial. 95 Come by DOWN 1 Sound from Hie stands 2 English festivals 3 Theoretical force 89 Noah trades fora 90 Cockney's basil and marjoram 91 Linger furtively 93 Dye plant 94 Choose 96 Encore! 100 Legal matter 4 Black Sea pfininstila 5 River to the Rhone 6 Blew a gasket 9 Starin Cetus 10 E. Indian woody vine 11 Wall word 13 Split 14 Exist 15 Layers 20 Arthurian twin 21 Mowgli's wolf 107 Poetic forms 108 Roman hail 110 Mark on garage floor 111 Trade a commodity 112 Each: poet. 114 Cure 116 Smoothed 118------form 22 Went ahead 23 Wife of Athamas 24 Cat 25 Irish islands 27 Ubangi feature 31 Illuminator '32 BA'ora 37 Color 38 Fresh 39 Last affirm- ative votes 40 Friendship 41 African worm 42 Plan 119 Paroxysmal emotions 120 Book of devotions 122 Late bloomer 123 Wipe out 124 Osloan 126 Girls' names 127 the Trianon 43 Runaway's 44 Doing an ecology job at the spa 45 Emotion 46 Boom 47 Rest 49. Despot 50 Resort 52 But: Lat. 53 Spanish relative 54 Numero 62 63 Medit. 64 Strange 66 Pertaining to dawn 129 English county 133 Now 134 Girl's 135 Husband of 37-D 138 Cot. e.g. 139 Before 141 ------Jeanne 142 in the sky 67 Printer's word 69 Toward tha stars 71 Legal profession 72 Word War II initials 75 Line 76 The Shank 79 Statue 80------time 81 Totes 82 Youngster 83 Canape item 87 Infinitive 89 Energy 90 Profit 1. CRYPTOGHAMS SB'ISAVM B1TTOB UL THAN JO: JUR.T CUB CALD DOUBLE URN SMITE -By Norton Rhoadcs 2. GOLGOI.F DA IDE KOHHF HE INB: "BASAL OK NF BASAL NB1" -By Archibald V. McLera 3. TALKY MAYD-SAYD LQYBOMR, TOYBOMR ZA 7.K1ED-SK1ED. -ByA.V.McL, Last WccVs Cryptogram" 1 Perfected crypt, shrunken shirt, is short, funny, and attracts attention. 2. Imagine! Tubby top emich caught raumpa by osmosis. 3. Good hostess felt horrified when wonderful, high ionfda fell. 4. Many people nowaday! would name a pnPPX Snoopy ;