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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 6, 1973, Lethbridge, Alberta Profit-taking cools stock market rally By SANDRA INGALSBE Canadian Press Staff Writer Piulit-Uiking and a nujoi iiiriDimromunt on Abeitu oil policy (omhiiK'd to cool oil j I wo wwk long tally on f'aiid- duui stock m.iikots tins week Tiading was active The i.illv continued during tlio lust tlnee Mailing with tin- Toionto iiuikc't s in- dustrial index gaining mote llun I4r> points (JunnR its II advance I'IKe increases cop and pulp and papci at- tiacted bining inteiest m se- lei ted lesdtlue set tots II e vet ('a na di a n mai kets pulled ba up (IS The index is n below its tune high ol .Jan 12 Losses in oils also contributed to a decline on the Monti evil and Canadian ex i h.tnges and the composite1 index ended the week at oil 1 02 The N ork ma rket some1 profit taking ind was stronger on the week Ilie Dow lones average ol iO inchMnals lose 24 IS to 971 25 selling bv specula- 101 s on international bullion markets was reflected in the loionto gold index when it diopped 15 points The index closed the week down 14 (M to Base metals tell to 45 Some1 ana's sis sav 'he- volume and the market s abiliU to sustain tlu> to indicate that art extended recovers is under w sas that while near- teim action depends on intiiest rates and inflation trends the mar ket has strong fundamentals which cai sup I a substantial use Hongard Leslie and Ltd (oni'ncnts ale probabh witnessing the earlv stages ol .1 more durable advance than popular opinion h is been led to e'xpec t liurn the political ,nul headlines ol the last montlLs In fact ne believe tliat markets .ne likeh to regain much ol then lost and pertor nutuc over the nevt vear I'tading was among (tie heaviest ol the veai at Pen onto this week with 1773 million sluues traded lor a value ol sly" 40 million against Id 01 million shares and M74 4o million last week On the Mont re il and Cana dian exv hanges 7 42 million shaies wete traded tor a value of SM> 24 million Saturday, October 6.1973 THE LETHBRIDGE HERALD-23 A mountain of bonds Up to her elbows m Canada Savings Bonds, an employee of the British American Bank Note Com- pany checks the denom- inations of bonds coming off the company's presses in Ottawa jf -n rear to protect local commodiU investors from the sharp practices of some Scotch blenders and brokers in Britain who wete proving on the lack ol knowledge of Canadian and American investors in bulk Scotch vvhisk> Mr Bluck said some brokers in Britain had been buving quantities of young whiskv at prices that would give them the expected doubl- ing in value But then thev would dispose oi the whisky in small parcels to Canadian and investors at much higher prices than the original costs PROFIT SMALL As a result the North investors got con- siderablv less than thev thought thev would for the matured whiskv Mr Bluck said the Van- (ouvci exchange has 22 sources ol whiskv parcels Normalh investors buv hogsheads or 60 gallons, of whiskv small parcel con tains up to 50 hogsheads Some tiading is done in 45 gallon barrels and occasionally in 120-gallon butts Mr Bluck said some local investors hold Scotch malt otheis hive Scotch grain whiskv Nom blended whiskv The exchange is as anon pi oht guild ed a 10-member boaid of governors Membership costs S10 We do have a committee to screen Mr Bluck The exchange has 19 seats and a waiting list for them Members who do not have standing mem- entitled to all ot the exchange s facilities and serv- ices but ihev mav not 1 n or be nominated as gover nois CANADA 5 1 00 e 00 Sep 00 S on 3 05 Oj 6 04 7 W N CO PRO 00 GUARANTEED BONDS v oc 00 DO 00 J C nO oo Nlla 61 00 Pipe93 TrCda Pipe 10 11000 25 Mm Gas Man Alta G.s Tr Ale 00 For Complete Livestock Sales and Service. NO SALE MON.OCT.8 Thanksgiving Day Next Hog Sale I Won., Oct. 15 call FRENCH WEDNESDAY a.m. 0 and FEEDER FRIDAY FAT and FEEDER CATTLE SALES i Friday -1 p.m. Special Stock Calf) Feeder Sale 600 to 800 HEAD SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. WE BUY AND SELL FAT AND FEEDER LAMBS DAILY. WE CARRY HARTFORD INSURANCE ON ALL LIVESTOCK Exporters of slaughter hogs Excellent facilities for feeding and loading hogs ED FUENCH DAN KLASSEH KEN MILLER. Magralh LOU DEJAGER WHIT HCNINGER 328-2986 345-4358 758-6607 345-4489 328-7354 CONSIGN ALL YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK 'n the Hear! of s Ranching Country Ph Office 327-0101 327-3986 Alberta Stockyards PO BOX S S 1-7-7, LETHBRIDGE, ALBERTA Crossword THIS ONfc. S A GEM Martha J De Will ACROSS Etching fluids 6 Isabel of Hollywood 11 Wooden mine prop 1C Days of youth and inexperience 21 Hiawrftha vehicie T> 23 24 Climbing vim 25 27 Hawaiian UindivMrk 29 Sen sasso cia'.e 30 Mondrrn to comrades 31 Expect 33 Gusto 34 to Billy Joe 35 Lo A lands 37 Originate 39 Didsurqical needlewoik 41 Choler 12 Britain s Vlibb Rohson Dortr ne 4b Renowned Brown 1 Bitter 2 Two layered gem 3 Awkward 4 e 5 ter minal fi ladies 7 Revise copy 8 Lived 9 Oneo' King Art' (.11 s kniqhts 10 A "sy from the wind 46 Embryo shavetail 49 Room b associate 50 Begin 52 Two heptads mus 56 Do I hear auc tioneer b7 Dull in color 58 One rank above knight 60 Welfare 61 Extinct bird 62 Propelled raft 63 Child s noibemaker 64 Ko eon battlr bite 66 Miss Farrow 67 Casino at spa 69 Goldfish s cousins 71 Aerial ad vertisemcnt 73 Rent 74 Reservoir s rese voir Ploiit runners 78 Has a few on the sly 80 No Ger 81 As a ridin 83 Take quick look 84 Reckless ones 87 Perceptive 90 Inner comb form 92 Inborn 94 Cockney cut uo 95 You re d fag 98 Owed 99 God Hob 101 ne passe ront pas' 102 Umbrella fill in? 103 Delusion in the sky 104 One of the rank of hair trio 106 Roman cuirassts 108 Fas' 109 Curly 110 Withbor row 112 Juan or Eva DOWN 11 Reddish brown 12 Fairer 13 Inlet Painful piece land 15 Vexes 1fi With an ave grind 17 Item usually free 18 British ju's 19 A work oy 20 Risked 26 Soil bweetner 28 Pull 32 Collection 36 In dead heat 37 Antelope 38 Prohibit 40 Dre. OuS1, owned 42 Jury official 44 Less 46 All America Football fojnde' 47 In re 113 Boxing unit 114 Labyrinths 115 Auricle 117 Barents is one 118 Hayakawd s insiqne 119 Dear old 120 Mellowed 124 Drew off 126 Ishmael was one pi 130 Commonest Washington 'ace 131 Patella 133 Ermiru Irdon Lrmcess 125 Scr'ow 136 Alnvnditp abrasive 139 Tiansl Jcent vened stone 142 Follow 143 Sheepish 144 Editor of five foot shelf 145 White poplar 146 Dar 147 S 1JS Marrow opemiqs 149 48 Hawaiian landmark 49 Underneath 50 Blue 51 Aeries 53 Ordinary yellow 54 Foreigner 55 Loved ones 57 Excessively 58 Part o' Cor'ederate 59 S b2 di_s G3 RMimud 21 Arctu 2? 24 Harphke instrument 25 Write 26 To s mate ?8 River bottoms 2C> Steep 30 Opposed jrt Miss Lillie ,'L cit iiiii r b? 37 Whip jf Before Vegas 39 Low card 40 Inquire 41 Catch breath 42 Expose 43 Italian family 44 Sea eagle 45 Algerian pasha 46 F-evur P.irUu d 4fi Tough bird 51 Souqht (lection 52 Stowe character 53 Place of imprest 56 Cut of meat 58 Wallet item 59 Card decK Rom nos 60 Enqli n -ity 65 In Jivs o! 66 Cjnp b ds 67 Pro-'ous stone 71 Diqit 72 Female iheop n Pm't 74 finishes DOWN 1 Small child 2 Existing 3 Delate trees 11 Raven poet 27 Commie 6 I 7 Li! S Cm Lc ol i Boring tool ?9 Wal'aceor 16 Animal 17 Father 18 Hangman Degrade 31 A of 19 Hur icd 23 Half Accepts 33 Mild 24 Sweet Comfort 2c Serpent 107 Makes common 108 Prophesy 109 Arroyo 111 Gringos 113 114 SiTMllcn't 116 bp.it 118 ri S sub, 1 !9 Andrews of the 36 French cheese 39 Younq boy 41 Smile 43 Build ng wing 44 Time period 47 Moses bdc riV chest 48 Service 120 121 122 123 125 12 Williams oi R I Sillv Inhe ently Busurm nal .vhose hi. rgry TH UTll iTi U n'r _, P aided Girro authority 49 Egg shaped 50 Pacific island 53 Employer 54 Social insect 55 Name by birth 56 Grdna-y 57 Lunar flow r- itr 129 B ittlr of hi. 132 cast 134 I- mdof act 117 138 ri I'on Jot e "4u ot Jr i OCK 'tires 141 Jipantse sash 61 Skating need 62 One who lows 63 Summer in France 64 Eternal City 68 Give bad review 69 Tota 70 Man s nario i SOLUTIONS OF LAST WEEK S PUZZLES MOTOR HOTEL 5359 CALGARY TRAIL kill. K Y F I O C, K S O K I) B F K C H K h R A Z H K I H A 7. Y K S R K K I K M I. S C BEL I N R C H C S Y A II C S Y K S Y Ol) ISSNAKK It'RCH URCIIK' India M Spcrr.v HIS HM'NIKUB II. N S S N A O R L N Davidson Fnr1 Cf) 1973 by Chicago Tribune N Y News Synd Inc World Rights Reserved SOI! KB IS fir i i P 11 N c F "V r i P Y Y Last V eck's Boltoni flroppod ou( of strxk ns the floor fell through from bit; In id o1 li< k( t I ipc satisfied ustomer scrxos firm as fror continuous advertiser Shot maker took too marks off shoe ;