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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 25, 1972, Lethbridge, Alberta Joturdoy, November M, 1972 THE LETHMIDOE HRALD 23 Bond prices Saudi Arabia could edge Canada out of picture Market confidence restored Supplied by Doherty McCiudg Limited OOVIRNMENT OF CANADA BONDS 4Vi% Sept. 1, '72 Matured 514% Oct. 1, '75 99.00 100.00 8 July 1, '78 106.00 109.00 Sept. 1, '83 83.50 84.50 Pero. 3 Sept. 15 39.00 41.00 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 OF CANADA GUARANTEED BONDS Tr Cdn P 5 WC Tr C WC Tr Alberta Ontario 7 Ont Hyd 9 New Br Nfld 8 N. S. 6Vt% Quebec 7% ft Alberta Man Hyd 8 7. Sask Nfld AGT 8 Man Tel 8 '90 105.00 107.00 '88 91.00 93.00 '94 103.00 110.09 '90 108.00 110.00 '74 101.00 102.00 '92 84.00 86.00 '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 '89 112.00 116.00 '88 85.00 90.00 '91 109.00 112.00 914% Alta G T Alcan B.C. For B.C. Tel Bell Tel Bell Tel CP Ltd CP Sec Cdn Util 9% CWNG Gulf Oil Inter P P Massey Noranda 914% M Nickel N and C G St of Cdn 911T. Tr Cdn P Tr Cdn P 10% '90 106.00 108.00 '91 106.00 108.00 '92 107.00 109.00 '90 105.00 108.00 '79 104.50 106.50 '93 107.00 109.00 '89 104.00 106.00 '90 105.00 107.00 '91 108.0" 108.00 '90 107.00 109.00 '90 104.00 105.00 '90 105.00 107.00 '80 105.00 107.00 '90 105.00 107.00 '98 106.00 108.00 '91 10S.50 108.50 'SO 135.00 107.00 '90 108.00 110.00 '90 110.00 112.00 CONVERTIBLES Alta G T '90 159.00 164.00 Cons Gas 5V4% '89 91.00 94.00 Dynasty 7 '82 85.00 95.03 Acklands '88 102.50 104.50 Scur Rain 7V4% '88 91.00 94.00 RIVIERA MOTOR HOTEL Welcomes you to Edmonton To help make your stay more we would like to introduce you to all our facilities. MORE MOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone MOTOR 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 upon Canada for raw materials. In return, manufactured goods from Denmark will come to Canada. The balance is about equal at million between Canada and Denmark, he said. Plans to sell VANCOUVER (CP) Brew- er Ben Ginter said Thursday he plans to sell a portion of Ms )5 per cent holding of shares in Uncle Ben's Industries Ltd. to finance construction of a barrel brewery at su- burban Richmond. Mr. Ginter said his first of- fering would be 25 to 30 per cent of his total holding of about 2.4 million shares and he might make a later offering but doesn't plan to relinquish control. May not comply EDMONTON (CP) Syn- crude Canada Ltd. and Cana- dian Bechtel Ltd., have indicat- ed they may not involve much Alberta engineering pertise in an Athabasca oil sands project as the provincial 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 multi disciplinary staff, especially in areas such as process engineering." By ROGER VIELVOYE Dispatch of The Times, London LONDON The success of 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 back 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 be a major 'orce 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 ol 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 in the United States in return for certain 01 H. H. Smith Ltd. Customs Broker ATTENTION! University Graduates The business world offers many challenging and highly remunerative opportunities for you to make full use of your educational background. Several such opportuni- ties exist within our organization. (A wide range of Degrees are represented 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 let's discuss how well you may do with us. Our evaluation program will give both of us tome interesting answers about you. Please write in confidence to Box No. 99 trading privileges. investment in the North Am erican market would be part o closer ties between the two countries that would involve making Saudi Arabia a "pre ferred" importer and the Gul state guaranteeing supplies t the United States that migh otherwise have gone to Europe or'Japan. A Saudi Arabian deal will the United States could set th scene for similar inyestmen by other Arab oil nations per haps in Europe. It is natura that Saudi Arabia with mor oil, more funds and an all American consortium of com panics dominating productio in its territory should look the United States, which has looming crude oil shortage as the area in which a dea could be concluded. Significant opposition from the oil majors into this incur sion into their traditonal ter ritory is unlikely. Although mos people in the industry woul like to see money from the pro ducers going into new produi tion facilities rather than down stream, it is seen as a valuabl first step. In the 15 years between 197 and 1983 it is estimated the o industry will spend a trillio dollars on expanding its oper ations and it is thought it wi not be possible to generate mor than about billion from its own resources. The remainder is equal t enues by the producing coun tries could provide a significan easing of money raising prob lems while ultimately genera ing more production and more revenues for the investors. Saudi Arabia stands at th top of the oil revenue seal Last year production of aroun four million barrels a daj brought in revenues of aroun billion. This was almo double the revenues for th previous year although produ tion had moved forward by far smaller ratio. While it currently support production of around millio barrels a day, the America Aramco consortium that con trols, over 90 per cent of th country's oil production, reck ons that this could be booste almost immediately to over s: million barrels a day. And with about a third of th world's known oil reserves u der Saudi Arabian territory Aramco also estimates that 1> 80 production could be raised 20 million barrels of oil ay. Saudi Arabia would, of ourse, be liable to match the onsortium dollar for dollar n investments to enable this happen. By 1983 production t tlu's level would give Petro- ran, the Saudi Arabian state Company, access to at east 10 million barrels of crude day. For a country of only jus' ver 7.5 million people, with illions of dollars in its cof ers, acquiring down-stream fa mties in the United States hould not be too difficult anhowed oil and gas issues in was active best advance, closing at spotlight with the western oil the week at Toronto up 6.45 points on the 3ex closing up 1.97 million shares >ringing it to its best compared with 14.54 western oil index was since July, the previous up significantly, closing at The same upward metal issues were an increase of 4.49 was followed In the remaining .wo sessions with moderate ones taking a beating the week. sharp gains Much of the power came from the bullish New York where the Dow Jones average kept well above the of Western Canada's leading printing 000 mark for most of the week. At Toronto, the industrial index, considered a major firms requires a sales manager for commercial printing depar dicator of market trends, successful candidate will be responsible up 4.05 on the week, the and implementing sales programs weekly advance since the the activities sales force. This person of July have the ability to assess potential markets DOW JONES develop programs to effectively utilize At New York, the Dow industrial average of 30 key blue chip stocks climbed should have a proven record In the sales field. Experience in a supervisory capacity, points over the week, closing 31 a prerequisite, an asset. Excellent op- On the Montreal and in confidence dian exchanges, the index was up 13.99 points on the week, closing at Combined volume on the Justice charged CALGAHY (CP) 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. The charges, read In provin- cial court, were laid after an incident Friday. Mr. Justice Riley, 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. MONDAY at 1 p.m. SPECIAL Feeder Hog and Baby Calf 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 SXPORTERS OF SLAUSHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADINO HOGS. ED FRENCH DAN KLASSEN KEN MILLER, MAGRATH LOU DEJAGER 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 Phone 327-0101 PO. BOX S-5 1-1-7, LETHBRIDGE Kv Herb. L. Risteen "...NATIONS AND K1NDREPS..." 1 Firm fiber 6 Brewery product 11 Impels 16 Destroy 21 Proverb 22 Agreeanble 23 Kind of ink 24 elephant 25 Rinsed 26 Meals paid individually 28 Tiny bits 29 Conjunction 30 Active guy 32 Was un- reliable 33 Microscopic 35 Pack 36 Reddish- brown equines 38 Mountain pool thunder outer crost the bay: Kipling 41 Open in pattern 42 Mining product 43 Inlet M Brake part 45 Player, for one 47 Cooking devices 50 Building part 51 Meager 53 Conclude 57 Small opening 58 Presage 59 Boxes 60 Decision maker 62 Yale man 63 First nams 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 ACROSS 76 Wrong doing 105 Litigants 77 Alphino 106 Pronoun dishes 79 Siouari Indian 80 Highlander 82 Andean land 83 Band instruments 84 Lucre 87 Table scrap 88 Gossips 89 Great------ Mountains 90 Tahiti port 91 Insect 92 Swesps 93 Culloden combatants 94 Miss Havoc 95 Greek goddess 96 islands 98 Tennis stroke 99 Oriental boat 100 Of grand- parents 101 Glacial ica 102 Cutting tools 104 Toasted bread DOWN 1 Veteran sailors 2 One of Fifty 3 Flavor A Period 5 CPA's books G Takes on cargo 7 Asian river 8 Acquire 9 Country within a country 10 Engage again 11 Encircle 12 Purse item 13 Girl's name 14 Simple songs 15 Black buck 16 Barnyard sound 17 Batch 18 Greek marketplace 19 Roadside shrub 20 Peevish 27 Sawbuck 31 Cadiz cheer 34 Siesta 37 Set system 33 Big book 39 Careful 40 combat 41 Solitary 43 Buffalo Bill 44 Garden tool 46 See110-A 47 48 Dread disease 49 Hibernian hunting dog 54 Secret departure 55 Strange 56 Does farm work 58 Thwart 59 Classifies 61 Cloth measures 63 Apparel item 64 Verb form 65 Makes watertight 68 Lanteen 69 Cooks 70 U.S. labot leader 73 Taunts 74 up (enlivens) 75 Daughter of Eurytus 77 Pottery fragments 78 Saw part 79 Popular punster 80 Things wanted 81 Wild buffalo 82 Burn Diagram less 21x21, BY BERT BEAMAN ACROSS 1 Cringes 7 Chfissmovs 13 Ark landing 14 Reach 15 Yachtspol 16 Censored 17 Jewelry of a sort 22 Airplane section 26 "My Blue-----' 77 Hags 28 Carto 29 Haul 30 ------nous 32 Filter 35 Kind of beani 36 Farm building 37 Sly 41 Old car 47 Literary first name 48 Restaurant specialty bO Attacked 52 Indonesian Inngnaga 53 Deer 54 Cheer 55 Tumbler 56 Ria 57 Horatio 58 Feel 62 Colors 63 Merit 64 Comedian Arnold------ 69 Little one 71 Kind of system 72 Phone 74 U.S. writer 75 Chooses 77 S.A. river 80 Took delight in 82 National Park (U.S.) 85 Stable sections 87 Son of Daedalus 9 Kinriot parly 10 Domesticate 11 White------ 12 Rag 18 Thin plate 19 Grass genus part 20 Coins 2 ------pronobis 21 Habituate 3 Alert 4 American 90 Minutemen gear 91 92 Georgia city 93 Perceived DOWN 1 Machine SOM.TIONS OF I AST 5 Western property 6 Wager 7 Message ol .a sort 8 Fabled strongman 22U.S.Gov't. agcy. 23 Russian mountains Like a dungeon 85 Perlume 86 Dances 83 Campus.VIP 89 Marks 90 Inferior: si. 93 Deep-blue pigment 94 Equitable 97 Petulsnt person 24 Most painful 25 Involve 31 Lifcesoma ball games 33 Little one: stiff. 34 Touchyons 37 38 Take it easy 39 Embrace 40 Yokel 42 Bet Prophet 99 Seel-A 100 Relative 103 Pagan 104 Insuranca term 105 Evening sights 107 Head part 109 Fabrics 110 Form of {uel 43 Oral or written 44 Athletic happening 45 Saw 4G Heads 47 Between: nbbr. 48 Rare 49 Judge's bench 51 Third: pref. 59 Bleak CRYPTOGRAMS 111 Mark Twain's forte 112 Decree 113 Material 115 Concords 116 Vehicle 117 Excellent: si. 118 Armandillo 119 Bishop's cap 60 Turkish decrees 61 Increase the food value B5 The present 66 Cottonwood 67 Baby-sitters 58 Sideswipe 70 Lot 73 Dangerous drug" 75 Girl's nams 120 Threadbars 122 Vessel 123 Animal abodes 124 Prone 127 Supplement 129 Once------ blue moon 130 Wooden pin 131 Hollywood n.Tmo 133 Tipsy 76 Itemizes 73 Overlooks 79 Recess SO Impetuous 81 -----Sommer 83 Lake 84 Greek goddess 85 Wee 86 RS Rubber trea 83 1 eft port: nbbr. I. IDORNA NYGEMS FA NYGHATJAS EIGL KYA F D O X A PAL II Y G D A N Q K A SODASAXHM P G E L K 0 R L Q M R P F A I) N. Edward S. Lloyd B A E Tl I G E T BUGSABEDS 1 G K M B T M G I E F, M 11 T E A S M U. -byNnthnn W. Harris 3. L.TSIGV L.10 .TIGVY LMMA Y LMY LJMGX XSW JMW XWZLAO X7.LJ7 -by Milt Hummer Lnst Week's Cryptograms 1. Cnicinl niMwr flt bridge: Rang -war with hearts find 2. Murmurs he who pulls to win: "Never up is never inl" It. Vocnl roly-poly niltnra no namby-pamby. world RliWiRtwvw. ;