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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 20, 1973, Lethbridge, Alberta Saturday, OdoOcr ZO, LETHBRIDGE HERALD-27 TSE advance continues The Toronto stock market this week broke through the record levels of last Friday and extended its advance to five consecutive weeks. Trading was active. Montreal markets were lower. Toronto staged an early retreat from last week's record close but recovered during the final three sessions to more than offset the declines. Analysts blamed profit- taking for the initial sharp losses but added that the market was due for "a healthy consolidation" before another advance. The Toronto industrial index, considered the major indicator of market trends, touched an intra-day high of 234.15 Friday and closed the week at 233.83. up .27. On the Montreal and Canadian ex- changes, the composite index fell 1.09 to 289.04. Observers said reports of stronger third-quarter profits and dividend increases contributed to the upward movement. The New York market also suffered some profit-taking, triggered by concern over the conflict -in the Middle East and uncertainty about interest rate trends. 'Several American banks cut their prime bank rates Friday, spurring the market to a gain. But on the week, the Dow Jones average of 30 in- dustrials fell 14.89 to 963.73. Price increases by some producers and strong demand for metals were reflected in Loan rates cut in U.K. LONDON (AP) -TheBank of England cut its minimum lending rate today to per cent from 11 Vu per cent. The rate which indicates the base level of lending rates had stood at the all-time high level of 11 V-s per cent since July 27. A record jump of per cent was made then to halt what apparently was shaping up as a run on the pound. The aim was to raise British interest rates above those in Europe to attract investment funds. the Toronto base metal index which rose 1.26 to 110.32 a high since April. 1970. Golds were stronger as the Toronto market's index posted a gain of 11 points Wednesday. On the week, it rose 9.79 to 273.45. Oils, particularly those with reserves and exploration potential in the U.S. or abroad, attracted interest following a move by Arab oil- producing companies to cut production. The western oil index rose 7.33 and ended at 264.76. Many analysts remain op- timistic about the duration of the rally. Nesbitt Thompson and Co. Ltd. says in a recent technical review that the intermediate term objective of the Toronto industrial index is 255 and any short-term weakness will probably find support at the 210 to DuPont Glore Forgan Canada Ltd. comments: "The technical character of the market is as strong and as well-advanced as we have seen it since the spring of 1963. The rise in the averages continues to surprise everyone by ignoring, or shrugging off very quickly bad news and sundry uncertainties by performing persistently better than we might have prudently anticipated." Wood Gundy Ltd. says that once domestic investors provide the lead, a substantial flow of foreign investment into North American Stocks should be expected. "The U.S. markets have the greatest relative attraction, but our natural resource base. the interlisteds and the ob- vious values in many other basic stocks mean there will be a favorable impact on Canadian markets. Trading was active at Toronto this week with 15.74 million shares changing nands for a value of S188.08 million, against 13.51 million shares and million during the four sessions last week. For Complete Livestock Sales and Service. call FRENCH Bond prices 5Vi% 8 4Vz% 3 GOVERNMENT OF CANADA BONDS Oct. 97.00 98.00 102.00 103.00 80.00 81.00 79.00 80.00 38.00 40.00 99.00 100.00 Jul Sept Sept Sp15 Perp Apr. Jul. .101.00 102.00 PROV. AND PROVINCIAL GUARANTEED BONDS: Alta.......83i% '90 10200 10400 Onl .......7 '88 89.00 9100 OntHyd...9 '94 105.00 107.00 NB...........9'.Wo '90 105 107.00 Nfld.......8 74 99.00 101.00 NS........6'z% '92 84.00 86.00 Oue.......7i'.% '74 100.00 102.00 Alta.......Bra% '90 103.00 105.00 Man Hyd ..8 '91 100.00 102.00 Sask '90 10350 105.50 Nfld.......9'z% '90 105.00 10700 AGT ......8 74 99.00 100.00 Man GT. .8 74 99.00 100.00 INDUSTRIALS Alta Gas T 9'4% '90 103.00 105.00 Alcan '91 10400 106.00 BC For ...93.% '92 103.00 104.00 BC Tel....9'a% '90 103.00 105.00 Bell Tel ...9'i% 79 102.00 104.00 Bell Tel 9H% '93 104.50 106.50 CP Lim '89 101.00 103.00 CP Sec ...93a% '90 103.00 105.00 Cdn. Util '91 105.00 107.00 CWNG .93'.% '90 106.00 10800 Gull.......85s% '90 10000 102.00 In Pr Pipe '90 104.00 106.00 Magnificent in the moonlight Toronto Sun photographer Norm Betts wanted to capture the crane atop the CN Tower in downtown Toronto with the moon, massive and cratered, as a backdrop. He succeeded, but not without problems. He took 10 nights and mornings waiting for the moon and tower to coincide so that he could record the picture above. Tech- nical information: Tri-X film rated at 1600 ASA, with the F11 lens mounted on a Nikon F2. Betts used a mm lens. U.S. living costs slowed in September H. H. Smith Ltd. Customs Broker EDMONTON PHONE i CALGARY PHONE 263-8053 I LETHBRIOGE I PHONE 323.8141 PHONC Jh V V A COD ITS Home Office Phone 327-3822 Monday p.m. Feeder Hog 300 lo 400 Head I Top Quality Hogs Plus Baby Calves WEDNESDAY a.m. FAT and FEEDER CATTLE I 300 to 500 Head FRIDAY FAT and FEEDER CATTLE SALES Friday -1 p.m. Special Stock Calf Feeder Sale 1200 Head Top Quality Ranch Calves Tuesday, Oct. 30th at 1 p.m. Special Stock Cow And Bred Heifers Sale __________________450 Head Expected by Sale Time Early_______________ 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 ol slaughter hogs Excellent facilities lor feeding and loading hogs. EDFRENC.I 3Z8-Z9B6 DAN KLASSEN 345-4358 KEN MILLER, Magralh 758-6607 LOU DEJAGER 345-4489 WHIT HENINGER 328-7354 CONSIGN ALL YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK "In the Heart ol Canada's Ranching Country" Ph: Office 327-0101 327-3986 Alberta Stockyards P.O. BOX S.S. 1-7-7, LETHBRIDGE, ALBERTA Massey... Noranda Intl Nick N C Gas Steel Cda TrCda Pipf 9 '4% '80 103.00 105.00 '90 103.00 105.00 '90 103.00 105.00 '91 103.00 105.00 '90 104.00 106.00 '90 105.00 107.00 TrCda Pipe 10% '90 107.00 109.00 W Trans '93 96.75 97.75 CONVERTIBLES Alia Gas T7'i% '90 120.00 130.00 Con Gas '89 81.00 83.00 Dynasty 7 Acklands .7 81.00 '82 115.00 125.00 '88 115.00 12000 Scur Ram .7'4% '88 W Trans C5'z% '88 West Trans 7'.-% '91 93.00 96.00 72.00 75.00 95.00 98.00 [the tlVIERA IMOTOR HOTEL [Welcomes you to (Edmonton i o holp make your slay more nlfMsanl wo would like to introduce you to .ill otir f.'icililios MORE PEOPLE STAY AT THE BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone IVIERA MOTOR HOTEL 5359 CALGARY TRAIL WASHINGTON (AP) In- creases in consumer prices in the United States slowed sharply in September, climb- ing just three-tenths of one per cent over-all, the labor department reported today. Food prices actually declin- ed during the month, by one- tenth of one per cent, the first decline since last December. One factor in the September price slowdown was that prices had increased at near- record levels in August after the lifting of the government's price freeze. The increase in August was 1.9 per cent for all items and 6.1 per cent for food. Another factor was that wholesale prices of many farm commodities such as soybeans and corn declined in September. The one-tenth of one per cent decline in food prices was reported on a seasonally ad- justed basis, meaning normal seasonal variations were taken into account. On an unadjusted basis, food prices were off seven-tenths of one per cent, the biggest monthly decline since Decem- ber 1971. But even with the September improvement, con- sumer prices still were 7.4 per cent above a year ago. For the June-to-September quarter alone, the increase was at a seasonally adjusted rate of 10.3 per cent. The labor department said the cost of food purchased in grocery stores declined 1.4 per cent in September. Prices for food away from home, especially in restaurants, increased 1.9 per cent. The consumer price index in September stood at 135.5 using the 1967 figure of 100 as the base. The labor department also reported that real spendable earnings of American workers, which is the take- home pay after taxes, rose by six-tenths of one per cent in September, but was still 2.3 per cent below a year ago. Weekly take-home pay of nonfarm workers, in terms of 1967 dollars, was listed as up from in August but down from a year earlier. THE Sunday Crossword I formerly the ffcew York Herald Tribune- Crossword I Edited by llobcrt H. Oillcspic Crossword SHOW B17, B.v Snphir Fierman ACROSS GUARANTEED SAVINGS CERTIFICATES Interest Payable Monthly, Quarterly, Semi-Annually, Annually or Compounded to Maturity MEMBER CANADA DEPOSIT INSURANCE CORPORATION FARMERS MERCHANTS TRUST 309 7th St. S., Lathbrldga Phone 328-5548 1 Man's limit 6 Box 12 Highflyer 18 One sis. 21 Anielopc 22_A the neck 23 Music to a musician's ear 24 Brew 25 Was applau ded wildly 28 Favorite 29 Again 30 From which: 31 Hjiwthorno, to his pnls 32 Legendary king of Argos 34 Ex Gov Wlnrldox 35 Cily eyesoii.' 36 Out of control 38 Ultimatum 39 Kind of club 40 Where the hearts are 1 Stately 2 Exclusively 3 Buttocks 1 Chew 5 Blue pencil toilers: ahbr. 6 Ohscun; 7 Pope's cape: var. 8 Dog's name 9 Zoological suffix 10 toast 11 Takes on 12 Dwarfs 01 41 Scottish denial 43 W.W. II area 44 Rubbish 47 Mexican moneys 48 Firms down 50 Elliptical 53 Equipped to hear 54 Two cents 55 Angry 57 Chem. suffix 58 Keep persevere 59 Dashing fellow 60 Pol. party 61 Custodians 63 Singer Home ,64 Track 65 Lariats 67 Fishing nets 68 Training, abhr. 69 Miss Paige 70 Devour completely 71 A reaction to teasing 72 Inferior paintings 74 Bridge bid 76 Prop 78 Superweapon 80 Faux pas 81 Many fishermen 83 Former Pros. 86 Staircase pillars 88 Secret 89 Shot and shell 90 Affect strongly 91 Whippings 93 Hasten 94 Philippine city 95 Of I Sing 96 Bankdiv. 97 Form of applause, with 116D 99 Teams 100 Ecru 101 McCarthy aide 136 103 Confront 137 104 Sympathize 105 106 108 115 120 121 122 123 124 130 132 133 134 135 Held forth Poetic contraction You there Leaf Bridge Most bashful Antelopes Available Civil War rebels: abbr. Ill-gotten Spree Maple genus O'Brien and Nixon French water Made audi- ence howl Part of transit system Epic poetry Hammed it up Plant hairs Scotch river Pert, to molars Precludes Site of Krupp Steol Works DOWN 19 20 2G 27 33 deadly sins 35 Three match What the Hn Fr. king Rust Change title Became an instant success Audibly Longings of Hoffmann Elevator man 1949 pact Skidded 36 Ms. O'Grady 37 Growl 38 Terminal fW Carhn 40 Top banana 42 It's as good as a mile 44 Distributed cards 45 Consumed 46 Samson could doit 47 Braid 48 Stomach- baby talk 49 Takes legal action 51 S.A. range 52 River of Belgium 54 Mans 55 Attraction, sometimes double 56 Takes an oath 59 Palmyra palm 60 Beginning of love letter 62 Deschampsia 65 Instruct again 66 What a good actor is 69 Kind of enemy. 73 So be it 75 Luxury flower 76 Some see Uncle Uncle Sucker 77 Horse call 78 Shenanigan 79 Spree: si. 82 Countersink 84 Tough time 85 Hunted up, in a way 87 Rebuff 88 is born" 90 Line with stones 92 Adjective for hit show tl X JI. Anthonv Morse ACROSS Ft. BUILDING For LEASE Excellent location with off street parking for 15 cars Owner will remodel to tenants requirements lease to be negotiated as to amount and time Early Occupancy Contact: FRED WEATHERUP or LAURENCE LENNON PHONB 329-4444 1 Bite 6 Latin heal 9 He keeps to himself ,0 Failure 11 Baliy's need 12 Circle lj jpanese hip name 16 Musical scale 'odd L 19 Russian city 20 German admirnl 21 Wine grow incj vnlluy 24 Seed cover 25 Gift for music 26 Antelope 27 Prong 28 Ornamental band on building 29 Beetle 3? Chair 33 Practical 34 Period 35 Hipster's departure 39 Very hot 41 Tree cover 42 Anc. letter 43 Preserve 44 Label 46 Assembly halls 47 Naval train ing at sen 52 Distant 55 Greek letter 56 Roman alloy 57 Wild buf- falo 58 Sod; home ground !S9 Run clown 62 Spilled veg- etables 64 Finish 65 Tied 66 Datum 69 Modern, comb, form 70 Wood strip 73 Ancient shout 74 Siouan Indian 75 Resinous substance 78 Part ol door frame 79 Hawaiian slope 80 Kind Of stone 81 Dupe 82 Fruit noises 87 Blunders 88 Ballot 89 91 Garden 92 Leewnrd isl. 93 Fixed 94 Ogle DOWN 1 Traffic sign 2 Wee ones 3 got you? Gwynne 5. Fat 7 Jeer 8 Mania lor attaching riders to bills 10 Pilot; risky venture 11 Ballistic evidence 13 Ditches 14 Diving bird 15 Spanish queens 17 Resort 94 Legal claims 98 Greek God of War 99 When busi- ness is slack 100 Mythical king of Britain 102 Masc. name 18 Fabricated 22 La Bolivia 23 Tool 26 Moroccan tree 28 In favor of 29 New or Fair 30 Odds and ends: Scot. 31 Roue 33 Residence 36 Conic up into the wind 104 Swept 105 Rigoletto. for one 107 Pulled in a fish 10'9 Cleaving tool 110 Breaks traffic law 111 Unfresh 37 Branch of army: abbr. 38 Ordeal 39 Road cover 40 Split pea 41 Loaded with hidden mikes 43 Calorie stealers 45 Tattle 46 Tsarina 48 Possesses 49 Curse 112 Bevel piece of timber 114 Barrymore 115 Pigment 116 See97A 117 Engraved monument 118 Guilty 119 Germ 50 Spanish king 51 Wrath 52 Sun god 53 Crescent 54 Liturgical calendar 60 Eye part 61 Bipeds 63 Redeemer 67 Dye 68 Spills the beans 70 Conk CIIYPTOGHAMS A 0 X K N I. I T. F. Y I, I3 If I. I S K O 1C 121 boy1 122 Greek letters 125 Panicle 126 Branch: abbr. 127 Kind of party 128 Hill in San Francisco 129 got a little list" 71 Meri. org 72 Kind of talc 75 Napnry 76 Mountain 77 Wipes of I 80 Por-phonic chorale 83 Style S-1 Help: want to make 85 Etna mate- rial 8fi Agiinip 90 Compass pt. Y i ic SOLUTIONS OF LAST WEEKS PUZZLES OKOXK7.Y N X H CI.Y I.I' Kl.lsTK I. A B.v .lovm-l O I N I I. O K K It I' S II A 1C S Y A S I W l> W II o r i i. o ic ic i: v 11 Y v. Y n .1 i> it i> s ICnrl (YKKI.OMCS ONYXSX C Y T T Y T 1.1C XYTYKT. 1973 by Irihunn N Y News Synil. lilt: Wrrltl I iiiiTinrlim vine tripped VII' ;iml lie hu-.d hrnlic 'J. Bij; hoc all .'t I .illIr itli ;