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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 16, 1971, Lethbridge, Alberta BlllilPllIIlIIiil Prices rise on import goods Business Talk lalurdoy, October 16, 1971 THE LCTHBRIDGE HERAID 23 JIM MAYBIE Mil A CURSORY check of some local bus inesses show that President Nixon's eco- nomic measures now are beini felt in LeUibridge. Prices of most Japanese am European imports are up by a, much as 10 per cent. Dealers in Japanese and German car imports report the price of new cars up eight 10 per cent. That amounts tr. to per unit. Some makes have been diffi cult to obtain and some dealers have been without product for three weeks. The 1972 Japanese motor cycles will be costing about 10 per cent more. Such other import items as cameras, radios, television tape and record players have gone up or will be going up seven to 10 per cent. Some businessmen are rais- ing prices on present stock slightly so the increase in the new equipment will not be as noticeable at first. If Nixon's measures continue the full in- crease will eventually have to be applied to new import mer- chandise While the price of Japanese and European merchandise is rising, sales of American- manufactured motor vehicles are swinging upward. One local dealer expects his rate of sales to increase 30 per cent because of the Nixon measures. Nixon's freeze on prices and wages has kept American manufacturers from increas- ing prices to 5600 on 1972 models so far. Manufacturers are expected to ask for some increase next month, however. Bond prices Sharp advance posted Trade war The way things have been go- ing lately in international trade, mutterings of a world trade war have been increas- ing. Fortunately there have been! some heavy guns warning about the folly of such action but there are still some dan- gers. Once one nation takes a strong retaliatory step against another, actions and reactions have a danger of snowballing, other countries become in- volved and a full-scale, all-out the typewriter partially secret ed under his coat. Inspector Ralph Michelson from whom I had stolen the case for his glasses, has hac his revenge. Common market Read with interest some excerpts from the October is sue of EXECUTIVE promoting a Canada-U.S. common mar ket. My knowledge of the ramifi- cations of such a pact wouldn't cover the bottom of a thimble so considerable research wil have to be done before it's brought up in this column again. But for interest sake, I'm passing it on. J- V. Clyne, chairman and chief executive officer of Mac- Milan Bloedel Ltd., B.C.'s big- gest producer and employer, cited blocs the growth around the of trading world and international velops. trade war de- There are no winners, but lots of casualties. I wonder what the interna- tional repercussions to Nixon's measures are going to be. Retaliation On the subject of retaliatioi or revenge, I just thought it would be only fair to let you know I didn't get off scot-free from my shoplifting adventure a couple of weeks ago. When I returned to work Tuesday I discovered my type- miter had been stolen. An alert photographer, how- ever, managed to snap a pic- ture of the culprit as he es- caped from the newsroom with the emergence of Japan as a one-member trading bloc. "In Canada, we have adhered to a policy of multilateral trade which was sound in the he said. "But when you see multilateral trade drying up with the creation of each new trading bloc, you have to change your stance. We are seeing the development of rading blocs in this decade; it s unfortunate but now there is no choice." B.C.'s Premier Bennett has similar views quoted in the magazine. He has recommend- ed reducing current duties be- the two countries by 10 >er cent a year for 10 years. The only industry which should be protected is agricul- ure where protection should ake the form of quotas, not .ariffs. Canada will never be a great nation without he aid. City business SECURITY SYSTEMS, a di vision of LETHBRIDGE ELECTRIC LTD., was recent ly established to offer business men and merchants variet The modules are easy to op- erate, requiring a minimum of maintenance, and are leased on a monthly basis. Mr. Ells- worth says they will cut shop- Supplied by Doherty Roadhouse and McCualg Bros. GOVERNMENT OF CANADA BONDS GOVERNMENT OF CANADA lifting losses 80 per cent. They also have certain advertising CUARANTKD BONDS applications. MONARCH LIFE ASSUH-! Nol. Rlwy. Bid A.l.d Noranda '90 107-00 109.00 In INickcl '90 108.00 110.00 N and C G '91 106.00 St Of Cdn 911% '90 107.00 10SI.OO Tr Cdn P '90 108.00 110.00 Tr Cdn P 10% '90 109.00 111.00 CONVERTIBLES of property-saving devices. Besides burglar fir alarms, the new division offer for deterring shop- system 1 i f't e r s and dishonest em I've got a face only a father could love. Because I can show any lalhcr how to provide for his family's future through Sun Life's low cost Family Security Benefit Program. Ifyouliko ttifi idea, you'll love Ihe details. GORDON N. HOPKINS 515 7th Street South Phono 327-3015 Res. 327-199-1 SuiLife OFCANADA ployces, says company presi dent Manrke Trockstad. The threat to shoplifters are stealing employees is known as Foto Vu. The system involves suspending a number ol modules from the ceiling Each module contains movie cameras which take pictures of the aisles, merchandise customers and staff on a pre- determined sqhedule, like once every two seconds or longer- It a robbery is in progress or a shoplifter is noticed, the cam- eras can be operated con- tinuously to film the entire ev- ent, simply by flipping a switch. The cameras operate around the clock, deterring night bur- glars says J. Nelson Ellsworth, Security Systems sales man- ager. The modules can also he equipped with closed-circuit TV cameras so a store's se- curity personnel can keep an eye on the entire store from one location. IN EDMONTON Stay At the RIVIERA THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience in Making Reservationi CALL AND ASK FOR IONG DISTANCE ZEnlth 0-7255 at no cost to you MOTOR HOTEL 5359 Calnary Trail Edmonton, Alberta Phono: (403) 434-3431 Telen: 037-2510 ANCE CO., recently relocated at 4M 8th St. S., has been made a full branch. In Lethbridge for more than 25 years, Mon- arch Life was formerly a dis- trict office. It was located at 430 Mayor Magrath Drive for nine years. The new of- fice will serve southern Alber- ta from the Trans Canada Highway south to the U.S. bor- der and from the Saskatch- ewan border to Cranbrook. Monarch has an agent Cardston and a sub office in Medicine Hat. Jim Provick, branch man- ager, said that by making Leth- bridge a full branch, southern Alberta clients will be better served- All clients' records will be maintained at the new office instead of in Calgary. Monarch, with a Lethbridge staff of seven, handles all types of life insurance, a mutual fund, registered retirement savings plan and group pen- sions. It has 27 branches In all major cities from Quebec to Vancouver Island. It is a wholly-owned Canadian com- pany. LETHBRIDGE HONDA CENTRE, 2nd Ave. and 12th St. expects to have its expansion completed near the end of the month. The new premises, formerly a Gulf service station and Ellis Auto Drome, will give Leth- "_ Honda Centre square feet of space plus al- most square feet of ware- lousing. Features will include a 20 by 80-foot showroom, a two-floor tockroom 32 by 38 feet and a 30 by 50-foot storage area. Leth bridge Honda Centre handles a complete line of Hon- da motorcycles plus Bultaco and Husqvaarna competition motorcycles, Arctic Cat snow- mobiles and a full line of ac- cessories and service. The firm, in the city for five years, was formerly located on 3rd Ave., opposite the 13th St. Safeway. It has a full-time staff of seven. HORTON STEEL WORKS LTD., 2905 5th Ave. N., has closed down operations here as far as contracts are concerned The company will likely keep four employees on until the end of the year, says manager Bob Johnson. Some of the machin- ery now is being dismantled and cleaning up operations are under way. The firm has some plate and structural steel for sale. Over the last few years the company has had 30 to 40 16 Apr. 1, '71 Matured Sept. 1, '72 99.75 100.00 Oct. 1, '75 101.50 102.00 8 Jul- 1, '78 109.50 110.511 Sept. 1, '83 85.75 86.55 Perp. 3 Sep. 15 39.00 41.00 pr. 1, '75 103.60 104.50 Jul. I, '75 100.50 107-50 aUTa Sep. 1, '92 86.00 88.00 It was announced months ago that employees. several through consolidation, it would be closing the Lethbridge plant. CRANES SPOTTED i BISMABK, N.D. (AP) Four of North America's rare whoop- ing cranes were sighted in 1 North Dakota this weekend en I route to their wintering grounds on the Gulf Coast of Texas, the U.S. fish and wildlife service re-! sorted Friday. At last report, the whooping crane population stood at 76 birds, 19 of them in captivity. NATIONAL QUALITY AWARD G. W. POPMA The National life Assurance Company of Canada is proud to announce that George W. Popma hoi been nwardod Ihe 1971 Notional Quality Award. This is the thirteenth year that Mr. Popmo has earned this award which is granted in recog- nition of outstanding service to his clients and the conservation of their lifo insurance benefits. The award is sponsored by the lifo Underwriters Association of Canado, life Insurance Agency Management Association and tho Canadian Lifo Insurance Officers Association. MOVINCIAl Alberta Ontario 7 Ont Hyd 9 New Br V.V Nfld 8 N. S. W. Quebec Alberta SV Man Hyd 8 Sask Nfld 91zc .ACT 8 Man Tel 8 s '90 106.00 108.00 '88 94.50 9650 '94 109.00 111.00 '90 107.00 109.00 '74 100.00 102.00 '92 88.00 90.00 '74 100.00 102.00 '90 107.00 109.110 i '91 101.00 10300 '90 107.00 109.00 '90 107.00 109.00 '74 103.00 105.00 '74 103.00 10500 Alta G Tr 7143, Cons Gas Seur Rain 714% Tr Cdn P 5 'i WC Tr C WC Tr 7l4'.'i Dynasty 7 rl Acklands '90 121-00 '89 97.50 99.50 '88 86.00 88.03 '89 90.00 93.09 '88 89.00 91.00 '91 112.00 113.00 '82 70.00 75.00 '88 74.00 79.00 POLITE ROBBER WITZENHAUSEN, West Ger- many (Reuter) A 7fi-year-old woman, tied to a chair and robbed in her home, received a bouquet of red roses and a post- card with an apology from one of the robbers, police said. The postcard said her money (about would be returned at the first opportunity. Alta G Tr Alta G Tr Alcan B.C. For B.C. Tel 9VfjTb Bell Tel Bell Tel CPR CP Sec Cdn Util CMHC Gulf Oil Inter P P Massey '90 105.00 '90 105.00 '91 107-00 '92 104.00 106.00 '90 107.00 '79 108.00 '93 110.00 '89 105.00 '90 104.00 106-00 '91 105.00 '90 105.00 '90 105.00 '90 107.00 10900 '80 106.00 108.00 H. H. Smith Ltd. Customs Broker CODTTJ Phm. By PETER LEICIINITZ Canadian Press Staff Writer Canadian slock markets, Buf- fering from five successive weeks of declines, received an injection of new life Thursday following an announcement by the federal government which included corporate tax cuts and other measures aimed at stimu- lating the countries' sagging economy. Investors reacted with an en- thusiasm Canadian markets have not seen in months. Fol- lowing the announcement, the Toronto industrial index climbed more than four points during the first 10 minutes of trading Friday. It was the larg- est 10-minute advance on record. However, the one-day ad- vance was not enough to erase the declines recorded during the three previous sessions. At New York, the market plunged sharply lower for the second consecutive session in moderate trading. On the Moiitreal and Cana- dian exchanges, the composite index lost 2.42 pouits, closing at! 170.54. Combined volume on the two exchanges was 4.04 million shares, compared with 4.46 mil- lion last week- DOWN ON BALANCE On Ihe week, the Toronjo market's industrial index, a prime indicator of market movement lost .99 to 104.94. Fri- day it posted its sharpest one- day advance in 15 months, gain- ing 3.45 points. Volume for the week was 7.87 million shajcs compared with 9.04 million last week. However, Canadian markets were closed Monday, Oct. II, Thanksgiving Day. At New York, the Dow Jones industrial average of 30 key blue-chip issues fell 19.06 points to 874.85. Volume at New York 61.07 million shares. Last week 74 21 shares changed hands. Gold issues slumped sharply lower for the second successive week, as the price of gold con- tinued to move erratically on the world's bullion markets. WARDS RENTALS Dishes, Coffee Urns, Punch B o w I i, Glasses, Tables, Chairs, etc., etc. PHONE 328-8775 STOCK SELECTION GUIDE Our Stock Selection Guide and Market Comment, this month featuring is now available. Name Complete end return to: Galrdner S Company Limited One Calgary Place, Calgary or Telephone 263-7930 Appointment MR. JAKE JANZEN Mr. Oliver A. Nerlond, Gen- eral Manager of General Farm Supplies takei pleasure In an- nouncing Ihe appointment of Jake Janzen as Allis- Chalmers sales represenlolivt :or the Lethbridgs area. Mr. Jonzen is o 23-year resident of the Coaldale dis- rict, and has ben associated with General Farm Supplies .ince 1966. He is fully quali- ied to assist you in the pur- chose of your farm equipment needs, and would -welcome 'our enquiries. Joke may be contacted by phone: Even- ngs-345-3678. 1 Nut-bearing timber tret, signals. 12 Sugar 17 Coconut or date. 21 Like a 22 Metal The basket willow. 24 Genus of oil- producer. E5 Tenant. Singer Giant, Ivy League memberj for short. Devour. 30 Revises. 52 Genus ofthft box elder. 34 Footilke part. 26 37 Conical evergreen. 53 Fungus on cereal graoa, 40 Triple crown. Small ering By George TP. Frank KILMER'S SUBJECT ACROSS 45 Retail ttore, 75 With dlglti. 46 Aromatic 76 Custard- forest trefii apple tree, 60 Long 77 Nocturnal Insect. 5t South 78 Japanese African. coin. 52 Winter 79 California; storms. giant. To decide: 81 Rom. law, hickory 64 Naval E2 Frost. Installation S3 Relating lo Jason's ship. 86 Power 84 Dainty foods, placed In ft Citrous machine. fruit tree. 87 Equality. 88 Gilbert's 60 Small Ballads." children. 89 Addict. 61 American 90 Salary, basBwood. 91 Fragrant' 62 Used flowered diligently, tree. 63 Measuring 92 Invoice, Instrument S3 Scatter. 65 Tough wood. 94 Fragrant 66 Tree with evergreen, woody fruit. 95 White lead. 67 Claw. 63 Tulip tree. 69 Singer Campbell. 70-Party gift. 71 Flowerir pod-bearer 72 Get along well; si. 96 Great Lake. 97 Protective shields. 99 Listen to. 100 Nibbles. 101 Australian 104 European capital. 105 SweeMrult trees. 107 Feel about uncertainly. 108 Bulk. 109 Chew noisily. 111 The Mighty Acorn, 112 Douglas 115 Look for. 116 circus rlnff, 117 Exact. 120 Town In E. Kentucky. 122 Goes up, Annapolis. 126 Asian capital. 129 Father. 130 Garden cf Eden perennial, 131 GenUs of African trees. 132 Citrous evergreen. 133 Ancient Mexican. 134 Tides of minimum range. 135 U.S. Chief Justice, 1836-64. 136 Annul. 1 Goods. Field. 3 Fuzz. 4 Negative, 6 Habitual practice. C Corrida participant 7Funda- mental. 5 Wash out, S Graceful trees. 10 Kentucky bluegrass, 11 Type of maple. 12 English 13 Arabian district. 14 Abyss. 15 Jump, 16 Sea eagle. 17 Soft drink. 18 Sour ale. 19 Feminine name. 20 Devilfishes. 31 Fiat failure, 33 Chalice. 35 Tropical apple. 37 Graceful waterfowls. 35 Legume. 33 Brightness. 41 Conditions. DOWN 42 Formal 43 Margarines. 44Circum. ference. 46 Serious. 46 Elder. 47 Fluttering poplar. 48 Solid button. 49 Fixed. 51 Region of Germany, 52 Emblem of sorrow. 54 Provided a threshold, 55 Finished. 67 Drags along. 83 Early love feast. Showed movies again. 61 Shallow channel. 62 Stately dance, 6? Barbarian. 64 Tropical American tree. 67 Snacks, 6BlnventionSt protection. 70 Clock dials. 71 Having soft hair tufts. Diagramless 21 x 21, Bert Bcaman ACROSS 1 Cesspools. 25 Loves. 26 Kind: Fr. spade. 27 Florida 11 Slav. export. 12 Spreads. 28 Migrant 13 Shopping workers. center of old. 29 Antelope, 14 Relative, 30 Dreads. 15 Do a photo- 31 Feel, grapher'sjob. 32 Rod, SO Certain 36 Meals, hospitals, 40 One kind of E4 Gorge. mink. 45 Heap. 46 E-ng. novelist. 47 Famed river. 48 Utter. 49 Island. BO Wine bucket. Granular snow. 62 Beauty: cnnib. forrrt. 53 Influence. 54 Garment. Co Bewitch. 51! Sea birds. 69 Bone: comb. form, 62 Put aside. 65 Container, 66All: Ger. 67 Sample. 68 Time of day. 69 Thicker. 70 Having a cover, 72 Shatters. 75 Participate, 79 Relinquish. 80 Pertaining to birds. 81 Mall. 82 83 Army abbr. 84 Journeys. 72 Units sections, 73 Weird. 74 Moved gradually. 75 Garden amp'-iblan. 76 Becomes 77 Mocking- bird genus. DOWN 1 Precipice. 2 Press. 3 Humor. 4 Removed the rind.' 6 Prevents, 6 Ranking pufllist. 7 Pseudonym. Sly look. 9 Places, 10 On the brink; 16 Call forth. 17 Roger of Sicilian admiral. 80 Rune, 81 Heathens. 82 Return. E4 West Point student, 85 System of navigation. 86 most shy and ladylike 87 Identical, 88 Hallow. 90 Scb. 91 Evil looks. 92 Gray-bark nut tree. 94 Watchword 85 Shade for the Village Blacksmith, 97 Tree- fluid. 98 Musical character. 100 Moccasin. 101 Conceit. 102 Genui of colorful tooths, 103 Coal fuel plant 104 Prohibit. 105 Play on words. 105 Captivate, 108 Meditates. 109 Davit. 110 Pass on. 113 Persia. 114 Mellow. 115 Assist. 116 Bard 117 118 Seaweed. 119 Chlnetft coin. 121 Grnus of 123 Evian or Vicky. 125 Collection of 127 Exist. 128 Doze. 18 Target 23 Presses, sections, 32 Use. 19 Certain pots. 33 Olympic- 20 Housewife' forte. 21 Femlnlns name: pi. Is an Island." official. 34 Animate, 35 Parties. 37 Chineso waxes, 38 Jades. S9 Roman official. 41 Infirm. 42 Pleasanter. 43 Tidy. 44 Mobs. 65 Hard water additive. 66 Annoy, 87 Bar. 71 Olympic 58 Mathematical contestant. figure, 60 Angle. 61 Cup; Fr. 63 Puff up. 64 Lens: It 69 of turf. 72 Exchange. 73 Governing body: 74 Ohio city. 76 Tigers, e.0. 77 Chore, 73 Bills. CRYPTOGRAMS SOLUTIONS OF JUST WEEK'S .PUZZLES I. BLWH STPATCHCJSWA D1HLBEVTT TAEFJCT7 SWATCHJ FCMEWH DJDTWFU. By Salo W. Jflnila 2.JUNAGE UStTEAXGEGAF EFXXUPASF END KKRD MQKU SQKRM EPXSP. S. SALOWFLT LW'WLTMGH LMGIHL SAI.TMC r. FOQXOTM. _ LflRt Cryptocratiin 1. Male tlliralton fiiillalcs r-ndi female fashion cdilor, and vice Ttrsa. 2. Short yarn: Thin awkward knillr-r hcsled hy M-orslcrl. 5. Aggravated anlclopo jaws paved flooring, lonri for wllJ flora. Held EnlcrprtoWi 1971 :clmltt S ByS.'vr.St ;