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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 21, 1972, Lethbridge, Alberta -Satuidoy, Octobsr 21, 1972 THE IETHBRIDGE HfRALD 27 Weaker trend in week Bond prices Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS 4Vi% rfept. 1, '72 Matured 5Vi% Oct. 1, '75 98.00 ifi.OO 8 July 1, '78 1M.OO 107.00 4tt% Sept. 1, '83 83.00 84.00 Perp. 3 Sept. 15 40.CO 42.00 Apr. 1, '75 101.00 102.00 Jul. '75 103.00 104.00 Sept. 1, 'S2 82.00 64.00 PROVINCIAL OOVERKMEHT OF CANADA OUARANTEEO BONDS By MIKE WILLIAMS Catiailian Press Staff Writer For the unaffected observer, it was an exciting week on ma- jor Canadian stock markets, but for the concerned investor things couldn't have been worse as prices in most sectors Loans available to save farms Gasoline, eggs lead cost climb WASHINGTON (AP) The cost of living in 'the United States led by higher prices lor clotliing, accelerated in Sejv today. The bureau of labor statistics said [hat Ihe consumer price in- dex rose four-tenths of one per cent last monlh, with higher prices for clothing causing al- most half the increase. The price of gasoline and eggs also contributed heavily to the ad- vance. While the index accelerated, the bureau said that the aver- age weekly earnings of Ameri- can workers rose seven-tenths of one per cent in September, making real spendable earnings 3.7 per cent higher than a year ago. The consumer price index showed that in the 10 months since President Nixon's price controls have been in effect, consumer prices have gone up 3.5 pel1 cent compared with 3.B per cent in Ihe eight months be- fore Nixon froze wages and prices in August, 1971. Dividends By THE CANADIAN PRESS Simpson's J.ttL, 12li cents, Dec. 15, record Nov. 15. Texaco Canada Ltd., 30 cents, Nov. 30, record Nov. 10. Alberta Ontario Ont Hyd New JNfld s. Quebec Alberta Man Hyd Sask Nfld ACT Man Tel '30 104.00 '83 91.00 '94 107.00 103.00 '74 100.00 '92 84.00 '74 100.00 '90 105.00 i '91 93.00 '90 193.00 '90 107.00 i '74 100.00 '74 100.00 1C6.03 93.00 109.00 102.00 86.00 102.00 107.00 101.00 lOo.OO 109.00 102.00 102.00 EDMONTON (CP) provincial government INDUSTRIALS Alta G T 9U% Alcan 93s'." B.C. For B.C. Tel Bell Tel Bell Tel CP Ltd CP Sec Cdn UUi CWNG 9tt% Gulf Oil Inter P P Massey Noranda Int Nickel M and C G St of Cdn Tr Cdn P 9Wower of farmers. The regulations for loans under the Agricultural Development Act to be used for any agricultural purpose, in- cluding the purchase of land, the construction, repair and mainlenar.ce of tarns, buildings and the consolidation of debts. Loan terms under the reg- ulations can be up to 40 years at an interest rate of seven per cent. This rate will be reviewed and adjusted on April 1 and Oct. 1 of each year. Loan applicants must be at least IS years old. No max- imum age is set. The Agricultural ment Corporation, ministers the funds under the act, is also empowered to make loans to primary producers of agricultural products and to owners of associated businesses and agricultural industries which are 80 per cent Ca- nadian-owned. dipped lower in light to moder- ate trading. The week opened with a sharp decline a development that came as no surprise to analysts following the previous week's poor performance. In Monday's session alone, the To- ronto western oil index plungec 0.99 points, its sharpest drop since Nov. 22, 1971. But Tuesday, things began to ook up. Renewed hopes, of 3eace in Vietnam bolstered the investment scene at New York and the improvement was re- flected on Canadian exchanges. Develop which ad- Bond New era dawns for superpowers NEW YORK (AP) The. In other news, billionaire trade agreement between the Howard Hughes t'ocldecl to sell United Slates and the Soviet the oil tool business upon which Union signed this week cmtld he Imilt Ms personal fortune. to a new era of com-1 in a registration statement iled with the U.S. Securities and Exchange Commission, lufihcs Tool Co., the Houston, losed cornerstone of the prices higher TORONTO (CP) Prices on the Canadian bond market generally higher In strong Everybody jittery over mail strike CONVERTIBLES Alta G T '90 1W.CO 154.00 Cons Gas S'i'ji '89 92. CO 95.00 Dynasty 7 '82 93.00 98.00 '88 100.00 102.00 '03 85.00 88.00 Acklands Scur Rain V.K Tr Cdn P 5 'SI 114.00 117.00 '88 85.00 90.00 WC Tr C SlriOo WC Trans '91 1C7.00 ift.OO Remember, There was a time when Sun Life simply handled life insurance. Times have changed and GO have we Today with so many types. of insurance available, you have to be knowledgeable to chooso the one just right for you. I'd like to help you make that choice. Lei ma use my knowledge and experience to help you wilh your personal financial planning. Call me today, and you'll see why personal service is myassuranceof satisfied customers. Government >vill probe charges EDMONTON (CP) Muni- j cipal Affairs Minister Dave Russell said here the Alberta government will investigate charges of a conflict of inter- est by two town councillors in the northern Alberta commun- ity of Slave Lake. Twelve electors from Ihe town wrote Mr. Russell asking for an investigation regarding a private residential subdivision development in which council- lors Lloyd Miller and Jant- zi had fcclared interests. The councillors declared thei interest and did not vote at one stage of negotiations for devel- opment of Ihe subdivision. The electors claim that when the councillors voted at another stage in the negotiations they were in conllict of interest. Both men have denied the charges. TORONTO (CP) Amid talk ol a strong possibility of a na- tional strike by Canada's postal workers and letter car- riers, Toronto's main postal terminal was reported refusing second-, tliird-and fourth-class mail Friday night. John Potts, vice-president of the Toronto local of the Cana- dian Union of Postal Workers, said in an interview: "Manage- ment blew it. They have made commitments to big mailers which they can't back up." Postal workers here said "ev crybody is jittery" over the possible strike. Postal employees said mai volume has been increased by millions of pieces of federi election mail, including both o ficial pieces, such as poll list for every voter, and part propaganda. EARLY CHRISTMAS MAIL Also early overseas Christ- inas mail and commercial Christmas mailings are begin- ning. Mr. Potts said the To- ronto area's 20 big commercial bouses and other mailers ave been encouraged to mail ow rather than spread it out. In Halifax Friday, chances of n eventual strike were called trong by Donald McAvoy, reasurer of the Hab'fax local. Toronto union leaders were ess certain--possibly reacting ositively to Postmaster-Gen- I ral Jean-Pierre Cote's objec- j ion of Sept. 2G against spread- I ng strike rumors. Mr. McAvoy said the big Is- ue in contract talks with the government is job security, wages a secondary item. fe said the men were worried about their jobs in the face of ncreasing automation. A postal strike before Oct. 30, The slight but welcome comeback stretched into Wednesday's session when ad- vances at Toronto outnumbered declines for the first lime in seven trading sessions. Thursday, however. Ihe up- swing ground to a halt and ex- perts attributed Ite falling narkeLs to gas and oil issues. PROFITS LOWER Imperial Oil, for example, 'ell to after announc- ing tliat profits for the three months ended Sept. 30 equalled onlv 23 cents a share compared with 23 cents a share a year earlier. In the final session o[ the week, prices again dropped moderately lower by mid-ses- sion but reports that details ol a proposed ceasefire in Viet- nam would be announced within 10 days pushed prices in pNew York sharply higher am once again this activity was mirrored on Canadian markets At Toronto, the industrial in dex, confidered a major in trading this week The mid-term area was up about one-quarter point. Long- term issues were about one point and corporate issues about point. The short end of Ihe market was largely un- changed: Quebec Hydro offered a new Issue Monday totalling mil- lion, redeemable in 1986. and carrying a 8Vi per cent coupon. Selling price was par. Dealers dicator of market trend, w a off .58 on the week to close a 207.02. At New York, was up thanks sharp increases. the reception was good that the issue had ad- aid and vanced to a premium by the end of Friday's session. In the money market, day-to- day money was available at IUz >ef cent Friday. Three-and six- nonth treasury hills were traded at 3.56 and 3.83 per cent, respectively. Net earnings By THE CANADIAN PRESS Federal Grain Ltd., year end- ed July 31: a share; '1971, Westinghoiisc Canada Ltd. mercial relations between the two superpowers. The three-year pact, which grants Russia status as most- favored country and allows Ex- port-Import Bank crecV.ts to the Soviets for use in buying Amer- ican goods, could triple trade levels to SI. 5 billion, U.S. sources indicated. An important hurdle still to be overcome is the need for U.S. congressional approval ol the m o s t-favorcoVcountry status. More than two-thirds o! Ihe U.S. Senate is on record op- posing this so long as high exit axes are levied against Jews rying to leave Russia. Another agreement this week provides for final settlement o Russia's Second World War fobts to the U.S. The Soviets agreed to pay million, in eluding interest, to settle original debt of billion. Domestically, the major news development was the justice de- partment's announcement that it will try to split International Business Machines into a num- ber of separate companies as part of its anti-trust suit dating to 1969. It said it wanted to "dissipate the enormous lughes empire, said it would offer stock in the oil tool basi- icss to the public lor a max- mum of S23 a share. Analysts said they expected .he issue lo be snapped up by .nvcstors. Reports from Washington for the week indicated that the econ- omy slowed down in the third quarter but gains, showed solid the rate of in- flation edged higher. nine months ended Sept. 30 power" of IBM, 1972, 41 cents a IBM, the world's largest com- thc market to Friday's share; 46 cents. Imperial Oil LW. nine months ended Sept. 30: 1972, S102 mil- lion, 82 cents a share, 1971, million, 78 cents. election day, is all but ruled I The Dow Dones industrial av- erage of 30 key blue-chip stocks was up points on the week, closing at 942.81. Fri- dav's gain was 10.G9 points. out. A legal strike cannot be called until seven days after a conciliation board report is On the Montreal and Cana dian stock markets, the com posile index was off 2.28 points on the week to close at 216.85. Combined volume on the two exchanges was 6.87 million shares compared 4.15 mil- lion in the previous week. brought down. Friday Ihe hoard was just getting well into talks with management and union men In Ottawa. No board report is expected for at least two weeks. puter manufacturer and the fifth largest corporation in the U.S., reported revenues last billion in profits. billion in year and H. H. Smith Ltd. Customs Broker 1-ETHORIOG HANDLED WITH CARE RUTLAND, Mass. (AP) "You can mail anything as long i as it's got the right postage on says Mrs. Harold B. Janes. Audi she proved it by mailing an umwapped but adequately stamped pumpkin to her grand- daughter for Halloween. The foot-liigh pumpkin travelled the 13 miles between Rutland and Rochdale, Mass, and arrived intact. It carried tv.-o 50-cent stamps. OFFICE SPACE FOR LEASE APPROXIMATELY 1950 SO, FT. Ground Level, Downtown Lethbridge Air Conditioned Reasonable Rent irpeled suitable for financial or Fully Ca fessional use. pro- Write Box 4, Herald Crossword GORDON N. HOPKINS 515 7lh S. Phono 327-3BI5 Residence 327-1994 OFCANADA RIVIERA MOTOR HOTEL Welcomes you lo Edmonton To help moke your slay more would like to introduce you to all our facilities. MORE PEOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MOREt Write or Telephone IVIERA "MOTOR HOTBI. 5359 CALGARY TRAIL 43-43-43-1 liy Manfred Zoltan TACKEN ABACK ACROSS 1 Bivalve moliusk 7-Czech river 1 1 Type na' 15 Character- -3 Si ByGene Fawcelte ONESOLUTIOWTOTHE ANWOtfNG NOISE OF AN Alf? CONDITIONER fSTHENEW ROOM UNITTHAT HANGS LIKE ASAPPLE BAG JUSTJMCMES HIGH ACROSS THE WINIX2W SILL, ITDOESWOTOSSTRUCT THEVIEW AND KEEPS 20 Italian ciiy 21 Move nnace 22 Sandusfcy's waleriroru 23 Chinese civci 2-1 Due to unex- pectedly 23 Something of littfe vvorih 29 Price paid 30 French river 31 Severities 32 Dixieland spuci 33 Great Barrier island 34 Pintail 35 Chinese dynasty 36 British noon ritiiol V} Poem 33 39 Principle 41 How amazing1. EG fjtore 51 Excitant premium 52 Quebec's pr.tr en 53 Indistinct 16 Salely 70H.5 56 Thailand 57 Charlotte------ Sunder 60 Pedicels Ei Sennit, e.g. 63 Bieakfast ceieal Bristle 66 Resiliency 67 Fat------- 6S Burmesa demon 69 Astonish- ingly 73 Extremely 76 Legendary founderof london 77 Heroine of "The Good Eaith" 78 American beauty V9 Song refrain S3 Tainted 85 Pony 87 Jogging gait 83 Asian. archipelago 89 Indian state 50 91 Downpour 52 Lcgislativa body 53 94 Blue grass genus 95 Toe problem 96 Clam 97 Astonish 102 Comic strip sleuth 103 Famoui Italian family 104 Smidgeon 105 Rowan nee 103 Summer: Kr. 109 Portal 110 Footprint 1 12 Roman conspirator 117 Shandy's creator 1 19 Actor- Ray 130 Brarilian slate 121 Wild horse of Asia 122 Catch short 126 Raise 127 Take a missus 128 Algerian porl 129 More tranquil 13jl Actress 131 Paradjsn 132 Rassball tactic 133 Infuriated 1 Devufisn 2 Unsuitable 3 Kitchen fixlura More painful f, Constantly 6 ------Vegas 7 "Good Night" girl 9-----liomo 10 Portuguese coin: obs 11 Conceal 12 Once a plum U Some: Fr. ID Apprentice 1G Resounded 17 Style of neckwear IS Rhone tn'.nHary 19 Feminine nickname 20 Unfer- nisntcdwine 25 Devoured 26 Actress Rulh------ 27 HypnoiiC stale 33 Fragrancs 34 Middling 35 West German rity 37 Be obliged for 38 Sombrero pail 39 Hirjli-slrun? JO CandfG 41 Squander 42 Estuary 43 Andes beast of burden 44 Waterfalls: Scot. 45 Chinese city 46 What! -'7 Mammoth 43 Eurasian juniper 49 GUI's namo 50 Failure 54 Part of B6 Love seal Industrial Salesmen Required for Lethbridge area represenling major nalional firm manufacturing Applicant musr hnve proven sales ability and ue able to work aggressively under minimum supervision. Position offers salary, commission, bonus. Please reply in confidence to BOX 2, LETHBRIDGE HERALD cancoan uuesiern f) J DIVIDEND NOTICE NOTICE is hereby given hat Iho Board of Dircclors of this Company hoi declared he Ono Hundred and Second dividend of Twenty Cenli !20c) per sharp poyable on December I, 1972 upon llie outstanding 4% Cumulalive Preference ihares lo be paid to Ihe shareholderi of re- cord at the close of buiiness on Wednesday, November 15, 1972. NOTtCF Is alia given that the Board1 of Director! of Company hoi declared the Tifly-nimh dividend of TWDH- (17c.'i sriore puy- abls on December 1, 3972 upon ihe outstanding Cumulative Preference iharei to be poid to the shareholders of record ot tho close of busi- ness on Wednesday, Novem- ber 15. 1972. DATED ol Calgary, Alberto thii 18th day of October, 1972. Bv Older of >Se Bomd A. J- SMITH Sccrerray 59 ACROSS 1 -rj Dog salver? 4 BimJpn 28 "This istiia C Con's pnnsl all adversary E All H Surgeon's tongs 13 Sooner than 15 Lcftier 13 Touch on 13 ?1 Christian------ ,n liis !ifo... 72 Steampipcs 33 Modhaird- ?D Demote 40 Hitihcliiuch 5-1 Casey at ill 26 Van Winkle, Protestant 57 Generally ihQold------1 41 Kind of hunt valid Triplet c-I Fd Ted 44 Recipe abbreviation AS SEATO, e.g. '57 Performs 43 Prop uri 49 U.S.gov': agency Cutting edgesof hirds' This-a-thil for 3 cozy chat of llie Ancient rvlarjnci" 61 62 Stringed instrument 64 tJghtfixtuie 67 Intention Wrinkle-free 69 ------gate 70 "Generations 72 MArtjuiEdf 73 Rallied ctf 7n Ambitions 77 And kicking 78 Time, in hrief 79 Portal 57 Spoke much 58 Consumer 50 Glut 61 Oddball C2 Unqualified B3 Desliny 65 StaltJon British "idiot box" 67 Wold G9 Svelts 70 Prod 60 Compass reading DOWW 1 Icecream contafr.er 2 Grale 3 'Ware ihosa o( March! 4 Church reader's dcsV 5 rail's decider 71 Miscalcu- lating 72 Simpleton 73 Snare 74 Fertility emong thB sands 75 Beginning 79 Hawaiian veranda Cotloruvood Ri Slow down town 84 Jeweler's weight 85 logether 86 Flesh 37 Scarlett's plantation 88 Encounter 90 Oislaff kin SI New York city 101 Concepts 113 OldFrsncri royal decrei 114 BacEtbone Sheathed 136 EibliCc! cily 13S Lease 113 Sour 120 Indiana 121 Corner 123 Amaremenl 174 Toss 125 Escort 10 a scat: si. fi ConfidencB 9 Sharpen )0 Spooky U Disranl 12 Sash 13 ------Pool 15 "The------of Madame d' 17 19 Wares, in short ?0 finish 23 :J Agent that raises co- heights 31 Nigerian 33 Some t33ismcn 36 Emripturcd 37 Knocks 33 Rcpiy.bricffy 33 V.'oody's hen 40 Ecveragp 41 Small bit 42 f.lcmorv boost 43 Rancor 60 46 Nonmeiodic 47 Astern 51 Candidate lordosagi 53 Hortatory 54------ Brumrr.El 55 Maturing 55 Hoyden 75 Quote as CRYPTOGRAMS RHUUPOIMI.T LAPIAT RAT, OinFUIBPTPAV OIUFIURKPIAT FUIHPGQ KLQY K I U P A K Y II E P I A. Kdwarci S. Lloyd A R P P A M I T N D HEN' Y I P K D S O T R Y G T! T 0 P r.n BF.GETTKR OMEM. Week's Cryptograms 1. Aloha: ten dancing hula'liutn gnls in cool gmss sViirts shook mai-dc raor, '1. I-RcWriR the whore iv it hal. our know-how rnn not get rmiits. 3. Former farmer had odd hnm- y V.crld Rights Rescued ;