Lethbridge Herald, The (Newspaper) - November 25, 1972, Lethbridge, Alberta
Bond prices Supplied by Doherty McCuaig Limited OOVIRNMENT OF CANADA BONDS 4V4% Sept. l, '72 Matured 5V4% Oct. 1, '75 99.00 100.00 8 July 1, 78 100.00 109.00 Vk% Sept. 2, '83 83.50 84.50 Perp. 3 51 Sept. 15 39.00 41.00 614% April 1, '75 102.00 103.00 7'A% July 1, '75 103.50 104.50 Sept. 1, '92 84.00 86.00 PROVINCIAL GOVERNMENT OP CANADA GUARANTEED BONDS Alberta B- Ontario 7 Ont Hyd 9 New Br 95 Nfld N. S. Quebec Alberta Man Hyd 8 Sask Nfld 9' AGT B Man Tel 8 '90 105.00 107.00 i '88 91.00 93.00 '94 108.00 110.03 '90 10B.OO 110.00 8 Si '74 101.00 102.00 6Vt% '92 84.00 06.00 '74 100.00 102.00 '90 105.50 108.50 '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 Tr Cdn P 5 '89 112.00 116.00 WC Tr C 514% '88 85.00 90.00 WC Tr '91 109.00 112.00 INDUSTRIALS Alta G T 9Vi% '90 106.00 108.00 Alcan '91 106.00 108.00 B.C. For '92 107.00 109.00 B.C. Tel 9Vi% '90 105.00 108.00 Bell Tel 9Va% '79 3M.50 106.50 Bell Tel '93 107.00 109.00 CP Ltd '89 104.00 106.00 CP Sec '90 105.00 107.00 Cdn Util '91 106.0" 108.00 CWNG 93A% '90 107.00 lOa.OO Gulf Oil '90 104.00 108.00 Inter P P '90 105.00 107.00 Massey '80 103.00 107.09 Noranda 914% '90 105.00 107.00 Int Nickel tVi% '93 100.03 108.03 N and C G '91 105.50 108.50 St of Cdn '90 155.00 107.00 Tr Cdn P '90 108.00 110.00 Tr Cdn P 107" 'SO 110.00 112.00 CONVERTIBLES Alta G T '90 159.00 164.00 Cons Gas 5V4% '89 91.00 94.00 Dynasty 7 '82 85.00 95.03 Addands '68 102.50 104.50 Scur Bain 7Yt% '88 91.00 94.00 RIVIERA MOTOR HOTEL Welcomes you to Edmonton To help make your more would like lo introduce you to all our facilities. MORE PEOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone JVIERA MOTOB HOTEL 5359 CALGARY TRAIL 43-43-43-1 Market briefs Could benefit EDMONTON (CP) Can- ada's balance of payments could benefit through Den- mark's entry into the European Common Market, Denmark's ambassador to Canada said yesterday. A. Bogh Anderson said in an interview his country has few natural resources and will con- tinue to depend heavily upo Canada for raw materials. return, manufactured good from Denmark will come Canada. The balance is about equal a million between Canad and Denmark, he said. Plans to sell Saudi Arabia could edge Canada out of picture VANCOUVER (CP) Brew er Ben Ginter said Thursda he plans to sell a portion of his 95 per cent holding of share, in Uncle Ben's Industries Ltd to finance construction of barrel brewery at su burban Richmond. Mr, Ginter said his first o fcring would be 25 to 30 pe cent of his total holding about 2.4 million shares and h might make a later olferin but doesn't plan to rclinquis control. May not comply EDMONTON (CP) Syn crude Canada Ltd. and Cana dian Bechtel Ltd., have indicat ed they may not involve a much Alberta engineering ex pertise in an Athabasca sands project as the provlncia government would like. The companies, in a presen tation to the province this week, said: "Local consortium participants lack a broad ex perience in the process indus- tries and in managing large grassroots projects. Few Al berta firms have a truly com prehensive mulli disciplinar staff, especially in areas suci process engineering." H. H. Smith Ltd. Customs Broker ATTENTION! University Graduates business world offers many challenging and highly remuneralive opportuniliei for you to make full use of your educational background. Several such opportuni- ties exist within our organization. (A wide range of Degrees are represenled among our most successful If you are interested in a career position which entails close personal contact with all levels of business and professional people lei's discuss how well you may do with us. Our evaluation program will give bolll or us some infercsfing answers about Please write in confidence lo Box No. 99 By ROGER VIELVOYE Dispatch of The Times, London LONDON The success ot the Arab oil-producing nations of the Persian Gulf in negotia- ting their claims for participa- tion will, as the international oil industry admits, lead to fundamental changes in their world-wide operations. But it is likely to be a num- ber of years before participation is anything more than a paper transaction. In the transition period the companies will buy bade and market much of the oil available to the national oil companies under the participa- tion agreement. By 1983, however, when the producers will achieve the full 51 per cent stake in the con- cessions, these same national oil companies, with huge re- serves of crude at their com- mand, are likely to he a major force in the international oil industry. Saudi Arabia, the world's richest oil state and the instiga- tor and agent of participation, is already looking at methods that will enable it to dispose of its crude profitably and at the same lime provide an attrac- tive investment for part of the funds that will be at its dis- posal. It has already made a ten- tative proposal to the United States that part of its increas- ing oil revenues should be in- vested In refining and market- ing facilities hi the United States in return for certain oil trading privileges. Investment in the North Am- erican market would be part of closer lies between the two countries that would involve making Saudi Arabia a "pre- ferred" importer and the Gulf state guaranteeing supplies to the United States that might otherwise have gone to Europe or'Japan. A Saudi Arabian deal with the Uniled States could set the scone tor similar investment by other Arab oil nations per- haps in Europe. It is natural that Saudi Arabia with more oil, more funds and an all- American consortium of com- panies dominating production its territory should look to the United States, which has a looming crude oil shortage, as the area in which a deal could be concluded. Significant opposition from the oil majors into this incur- sion into their traditonal ter- ritory is unlikely. Although most people in the induslry would Like to see money from the pro- ducers going into new produc- tion facilities rather than down- stream, it is seen as a valuable first step. In the 15 years between 1970 and 1985 it is estimated the oil industry will spend a trillion dollars on expanding its oper- ations and it is thought it will not be possible to generate more ban about ?600 billion from its own resources. The remainder is equal to seven times Uie demand on cap- tal markets by oil companies during Uie past 15 years. In- vestment of their growing rev- alues by the producing coun- tries could provide a significant easing of money raising prob- ems while ultimately generat- ing more production and more revenues for the investors. Saudi Arabia stands at the op of the oil revenue scale, year production of around our million barrels a day. jrought in revenues of around 2 billion. This was almost louble the revenues for the revious year although produc- on had moved forward by a ar smaller ratio. While it currently supports reduction of around Wz million arrels a day, the American ramco consortium (hot con- over 90 per cent of the ountry's oil production, reck- ns that this could be boosted most immediately to over six nillion barrels a day. And with about a third of the world's known oil reserves un- der Saudi Arabian territory, Aramco also estimates that by Public Service Fonction publique Canada Canada AUDITORS Salary to (currently under review) Various Federal Government Deportments Edmonton and Calgary, Alberta THIS COMPETITION IS OPEN TO BOTH MEN AND WOMEN currently havo several requirements for persons wilh nrofeisfonal accounting qualificalions sued as University (jradualion wilh a major In accounl'mg or C.A., C.G.A, R.I.A. etc., as well as a significant omounl of public audit- ing exporienco. Persons who are near completion of the above ara also encouraged to apply os in some cases trainee positions ore available. Forward "Application for Employment" (Form PSC 367-401) available ol Poll Ollicis, Cnnadn Mnnnownr r-nlri" Offices of the Public Cammiliion of Canada lor Public Service Commllilon, 300 Confederation Building, 10355 Jqipir Avenue, Edmonton, Alberta. T5J 1Y6 quoit Cwnptllrlan No. 1080 production could be raised to 20 million barrels of oil a day. Saudi Arabia would, of course, be liable lo match the consortium dollar for dollar In investments to enable this to happen. By 19B3 production at tin's level would give Petro- min, the Saudi Arabian state Oil Company, access to at least 10 million barrels of crude a day. For a country of only just over 7.5 million people, with billions of dollars in its cof- fers, acquiring down-stream fa- cilities in the United States should not be too difficult and a chain of Saudi Arabian-owned refineries and petrol stations and industrial marketing out- lets could easily become a real- ity. If Saudi approaches to the Uniled States prove suc- cessful, it would be given the preferred import etatus at pre- sent accorded to Canada. Un- der this system, Canada is given first refusal to fill any gaps between United States domestic production and de- mand on the west coast. Per- mits are then granted for im- ports from other sources to do a similar job on the east coast. Giant planes for CP Air OUADALAJARA, Mexico (CP) CP Air will take de- livery of two Boeing 747s next year at a cost of more than S76 million including spares and ground support equipment, air- line directors announced here at their annual out-of-Canada meeting. Saturday, Nevtmbir 25, 1972 _ THI IETHMIDOI HRALD 23 Market confidence restored By MIKE WILLIAMS Canadian Prm Stiff Writer Investors appeared more con- fident tills week as most prices recorded their best weekly ad- vance in almost four months on Canadian stock markets. Gairdner and Co. Ltd., a To- ronto investment firm, said that while investors remain uncer- lain over Canada's long-term economic situation following the recent federal election, "the stalemate Iji Parliament does provide us with some short-and medium-term certainties." "Economic policy will remain expansive, money supply growth will continue unabated and fiscaJ spending will in no way the firm said. "The outlook for the corpo- rate environment has never been better. "While the Canadian markets may continue to exhibit some short-term weaknesses as the parliamentary situation sorts it- self out, the general view for 1973 is extremely bullish." OPENED WITH GAINS Markets opened the week with an extension of their post- election rally (o seven sessions. Most stocks managed moderate io sharp gains during the day. Tuesday, the Toronto mar- ket's industrial index reached its highest level since Sept. 11, closing up .79 at 211.48. Again, Justice charged CALGARY (CP) -Mr. Jus- tice H. W. Riley of Alberta Su- preme Court pleaded not guilty today to charges of impaired driving and refusing to take a breath analysis test. Tlie charges, read In provin- cial court, were laid after an incident Friday. Mr. Justice Eiley, who did not appear in court, was rep- resented by counsel who enter- ed the pleas before Judge G. C. Cioni. Trial was set for Dec. 21. sharp gains were recorded was 0.77 during the week. Tht most compared with 6.53 fell .73 to 82.69. Wednesday's trading session showed oil and gas issues In the spotlight with the western oil index closing up 1.97 a week earlier. Trading was active throughout the week at Toronto with 13.63 million shares good Index enjoyed the best advance, closing al 181.93, up 6.45 point] on the week. bringing it to ill best point since July, The same upward pattern was followed In the remaining two sessions with moderate compared with 14.54 million the previous week. Base metal issues were the only ones taking a beating western oil index wag also up significantly, closing at 2Gf 69, an increase of 4.49 pointi for the week. sharp gains Much of the power came from the bullish New York market where the Dow Jones average kept well above the mark for most of the of Western Canada's leading printing At Toronto, the industrial firms sales manager for Its dex, considered a major printing dicator of market trends, successful candidate will be responsible up 4.05 on the week, the largest weekly advance since the and implementing sales programs ond direcling the aclivilies of a sales force. This of July have the ability to assess potential markets DOW JONES RISES At New York, the Dow develop programs designed to effectively utilize plant industrial average of 30 key blue chip stocks climbed should have a proven record In points over the week, closing field. Experience in a supervisory capacity, a prerequisite, an asset. Excellent op- On the Montreal and in confidence dian exchanges, the index was up 13.99 points on week, closing at Combined volume on the Wednesday at 10 a.m. FAT and FEEDER CATTLE SALES FRIDAY At 10 a.m. FAT and FEEDER CATTLE SALES at 1 p.m. SPECIAL Feeder Hog and Baby Calf Sales al 1 p.m. SPECIAL Stock Calf and feeders SLAUCHTEI HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. EXPORTERS OF SLAUGHTER HO6S EXCELLENT FACILITIES FOR FEEDING AND LOADINO HOGS. CONSIGN ALL YOUR LIVESTOCK TO C. E. FRENCH LIVESTOCK LTD. IN THE HEART OF CANADA'S RANCHING COUNTRY ALBERTA STOCKYARDS Phone 327-0101 P.O. BOX 5-5 1-1-7, LETHBRIDGE ED FRENCH DAN KLA5SEN KEN MILLER, MAGRATH LOU DEJAGER WHIT HENINGER 32B-3986 345-4358 758-6607 345-4489 3ZB-7354 by Herb. L. Rislecn "...NATION'S AND KINDfiEPS..." ACROSS 1 Firm fiber 6 Brewery product 11 Impels 1G Destroy 21 Proverb 22 Agreeanbls 23 Kmd of ink 24 eleplianr 25 Rinsed 26 Meals paid individually 28 Tiny bits 23 Conjunction 30 Active guy 32 Was un- reliable 33 Microscopic 35 Pack 36 Reddish- brown equines 38 Mountain poo) thunder crosl the bay; Kipling 11 Open in pattern 42 Mrnfng product 43 Inlet 44 Brake port 1 Veteran sailors 2 One of Fitly 3 Flavor A Period 5 CPA's books G Takes on cargo 7 Asian river fl Acquire 9 Country country 10 Engage again 45 Player, for one 47 Cooking devices 50 Building par I 51 Meager 53 Conclude 57 Small opening 58 Presage 59 Boxes 60 Decision maker 62 Yale man 63 First namfl of 45 A 64 Fawning fellow 65 Select 66 Period 67 Fried ball of meat 69 European capital 70 Hardwood tree 71 Freeze 72 New York redskin 73 LaSalle's lieutenant 74 Trapping trophies 75 Desserts 11 Encircle 12 Purse item 13 Girl's name 14 Simple songs T5 Black buck 16 Barnyard sound 17 Batch 18 Greet; marketplace 19 Roadside shrub 20 Peevish 27 Sawliiiek 76 Wrong doing 105 Liligsnts 77 Alphina 106 Pronoun dishes 108 Lampreys 79 Sicilian 109 Lithuanian Indian 110 Weaptn 80 Highlander 111 Mound 82 Andean land 114 Isolated 83 Band 116 Climbing instruments plant 84 Lucre 117 Liglit- 87 Table weights scrap 121 Music 88 Gossips maker 69 Great------ 122 Roguish Mountains child 90 Tahiti pon 123 Sandhill 91 Insect 124 Commotion 92 Sweeps 125 Dessert 93 Culloden 126 San combatants Calif, 94 Miss Havoc 128 Ancient 95 Greek hnrrier goddess 132 Delight 96 -----Islands 134 City in 98 Tennis Japan stroke 135 Moiliss 99 Oriental and------ boai 136 Of ships 100 Of grand- 137 Fatigued parents 138 Lease anew 101 Glacial ica 139 Obstacles 102 Culling 140 Bluish- Tools gray 104 Toasted 141 Conspicu- bread ous 3l Cadiz cheer 34 Siesia 37 Set system 33 Big book 39 Careful 40 combat 41 Solitary 43 Buffalo Bill 4'1 Garden tool -16 See110-A 47 ------whales 48 Dread disease 49 Hibernian hunting dog 50 French sculptor 51 Epiphytic- plant 52 Bursts forlh 5-1 Secret departure 55 Strange 56 Docs farm work 58 Thwart 59 Classifies 61 Cloth measures Diagraniless BY BERTBEAMAN ACROSS 1 Ciingrs 7 Chossmovo 13 Ark landing 14 Reach 15 Yachtspoi 16 Censored 17 Jewelry of a sort 22 Airplane section 29 Haul 30 -----nous 32 Filter 35 Kind of bcani 36 Faim building 37 Sly A] Old car 47 Literary 26 "My Blue-----" (irsl name 77 Hajjs 4B Restaurant 28 C.iric specialty W) Attacked 52 Indonesian langirarja 53 Deer M Cheer 55 Tumbler 56 Ria 57 Horatio------ W Feel 62 Cobra 63 MCI it 61 Comedian Arnold------ GO Little one 71 Kind of system 72 Phone 74 U.S. writer 75 Chooses 77 S.A. river BO Took dp.li.nhl in 82 National ParktU.S.r 85 Stanfo .sections 87 Son of D.tcclalus 63 Apparel item 64 Verb form 65 Makes watertight GB Lanicen 69 Cooks 70 U.S. labor leader 73 Taunts 74 ------up (enlivensl 90 Minulemen gear 91 Exciu 92 Georgia city 93 Perceived DOWN 1 Machine part pronobis 21 I l 75 Daughter of Eurvlin 77 fragments 78 Saw part 79 Popular punster 80 Things vvanicd 81 Wild buffalo 82 Burn 9 Kind ot party 10 Domesticate 11 White----- 18 Thin plato 19 Grass genus 20 Coins sorrnoxs OK UST wr.r.K's vuzzus 3 Alen 4 American Indian 5 Western property 6 Wagrr 7 Message ol a sort fl Tabled strong man 22 U.S.Gov't. agcy. 23 Russian 84 Like a dungeon 65 Perfume 86 Dances B3 Campus.VIP 89 Marks 90 Inferior: si. 93 Deep-blue pigment 54 Equitable 97 Petulant person 24 Most painful 25 Involve 31 Like some ball games 33 Little one: suff. 34 Touchyons 37 Alan-------- 38 Take it easy 39 Embrace 40 Yokel 42 Rrl 98 Prophet 39 Seel-A 100 103 Pagan 104 Insuranca icrni 105 Evening sights 107 Head part 109 Fabrics 110 Form of fuel 4.1 Orator wriitnn 44 Athletic hapricrvng 45 Saw 4G Heads 47 Between: -ibbr. 40 Hare 49 Judge's bench 51 Third: pref. 59 Bleak CRYPTOGRAMS 111 Mark Twain's tone 112 Decree 113 Material 115 Concords 11G Vehicle 117 Excellent: si. 118 Armadillo 119 Bishop's cap 60 Turkish decrees 61 Increase the food value 65 The present C6 Cottonwood 67 Baby-siireu 63 Sideswipe 70 Lot 73 Dangerous 75 Girl s nsms 120 Threadbare 122 Vessel 123 Animal abodes 12-1 Prone 127 Supplement 129 Once blue moon 130 Wooden pin 131 Hollywood n.imo 133 Tipsy 7G licmizps 78 Overlooks 79 Recess 60 Impetuous 81 Somir.cr 83 Lake 84 Grcnk ooddes! 85 Wee SG R9 Rubber trea [rift port: 1372lwChfciRoTrfcurwUr.NcirVtSynd.lnc. I. IDORNA NY GEMS FA NYGIIADAS EIGL KVA F D 0 X A PAL H V G D A N Q E A SODASAXRM P G E L K 0 R L Q M R P F A1) N. -liy Edward S. Mo.vd 2. BAKU T G E T J1UGSABEDS 1 fi E M H T MO J E E M H T E A S M II. -byNnihnn Hnrris 3. L.TSIGV LJO .TIGVY LMMA Y I-M Y L.TMGX XSW JMW XWZLAO XBLJ7 Jji.sL Week's rnms 1. Cnirinl nibber nt bridge: RrmR war nitli hrrtrta nnd clulii. 2. Murmurs he pulls to win: "Never up is ncvej Inl" 3. Voenl roly-poly riilLnrr. no nnmby-pmnby.