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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 27, 1973, Lethbridge, Alberta Stocks ride out turbulence By SANDRA INGALSBE Canadian Press Staff Writer Stock markets rode out a turbulent week of continuing tension in the Middle East and political turmoil in the United States to emerge at their best levels in months Price fluctuations were side Markets opened this week sharply lower amid renewed talk of impeaching U.S Presi- dent Richard Nixon following the weekend firing of the spe- cial Watergate prosecutor. However, the announce- ment Tuesday that the presi- dent would comply with a court order to turn over the Watergate tapes quietened the talk and sent stock markets into a moderate upurn. But Thursday, the threat of a confrontation between the U S and the Soviet Union over the Middle East causee an early slump in prices, but nidikets rebounded sharply after news that the parties had agreed toa United Nations peacekeeping force. SHOW GAINS The rally continued into Fri- day's session with both Cana- dian and New York markets recording broad gains The Toronto market's indus- trial index, considered the major indicator of market trend, rose 2.91 and ended the week at an all-time high of 23 47 The index has gained steadi- ly during the last six weeks At New York, the Dow Jones average of 30 in- dustrials, closed the week at 987 06, up 23.33. On the Montreal and Canadian ex- changes, the composite index rose 2 78 to 244.14 and industri- als 3.51 to 264 57, a high for the year Golds were again volatile traders, reflecting the rise and fall in overseas bullion prices The Toronto market's gold index rose 3.35 to 276.50. Base metals were stronger in response to higher prices and demand. The Toronto base metal index Wednesday touched a three-year high of 111 16 and ended the week at 118 73, up 41 The western oil index had a gam of 7 77 to 272 53, a nine-month high BETTER PROFITS HELP Analysts attributed the overall market strength in the Special Stock Cow and Bred Heifer Sale TUES, OCT. 30th at p.m. 500 Top Quality Cows and Heifers Mixed Breeds Lethbridge Public Stockyards Hwy 3 East to steady reports of improced profits, dividene increases and a trend to lower interest rates Moss, Lawson and Co Ltd comments "This strength re- flects the emerging con- fidence that a major recession, in either Canada or the United States, is not in store for 1974 even though growth of the economy will undoubtedly slow somewhat." Trading was fairly active at Torontothis week wth 14.67 million shares changing hands for a value of 09 million, compared with 1574 million shares and 08 million. Combined volume on the Montreal and Canadian ex- changes was 5.85 million shares compreed with 5 58 million last week Value of shares was 10 million against 08 million GOLD FUTURES WINNIPEG (CP) Gold futures, U S funds, Winnipeg Commodity Exchange close Friday Oct 73 98 60A, Jan 74 100 50, Apr 74 103 10A, Jly 74 106 OOA, Oct 74 109 60A Thursday's volume 37 contracts.__________________ Bond prices Saturday, Octobtr LETHBRIDGE HERALD-25 units found unsafe 5V4% 8 Ont 7 Ont Hydro 9 9800 OJOO 8075 8075 GOVERNMENT OF CANADA BONOS Oct 9700 Jul 10200 Sept 8025 Sept 7925 3 SplSPerp 3800 4000 6 Wo Apr 9900 10000 Jul 101 00 10200 PROV AND PROVINCIAL GUARANTEED BONDS Alta 90 10300 10500 88 8950 9050 94 10525 10625 90 10500 10700 74 9950 10050 92 8500 8700 74 10000 10200 90 10400 10600 91 8850 8950 90 10350 10450 90 10500 10700 74 9900 10000 74 9900 10000 INDUSTRIALS 90 10300 10500 91 10400 10600 92 10300 10500 90 10300 10500 79 10200 10400 93 10450 10650 89 10000 10200 90 10300 10500 91 10500 10700 90 10600 10800 90 10000 10200 90 10400 10600 80 10400 10600 90 10300 10500 90 10300 10500 A Gas Tr Con Gas Dynasty Acklands Scur Rain W Tra-ib C W Trans CONVERTIBLES 7 Wo 5 Wo 7 7 Wo 5 Wo 90 11500 89 82 00 82 114 00 88 11500 88 95 00 88 72 00 91 94 00 84 no 12000 12000 9800 7500 9700 NB Nfld NS Que Alta Man Hyd Sask Nfld AGY Man GT A Gas T Alcan BC For BC Tel Bell Tel Bell Tel CP Ltd CP Sec Cdn Util CWNG Gulf In Pr P Massey Noranda Intl Nick N-C Gas Steel Cda Tr-C P Tr-CP W Trans 9Wo 8 6 Wo 7V.% 8 9Wo 8 8 9Wo gy.% 91 10300 10500 90 10300 10500 90 10500 10700 10% 90 10700 10900 8Wo 93 97 00 98 00 Conducted By W C. E. FRENCH LIVESTOCK LTD. ju Phone 327-0101 P.O Box S.S. 1-7-7, Lethbridge For Complete Llveetoek Sales and Servloe. call FRENCH Monday p.m. Feeder Hog 300 to 400 Head Top Quality Plui Baby Calves WEDNESDAY a.m. FAT and FEEDER CATTLE 300 to 500 Head FRIDAY FAT and FEEDER CATTLE SALES i Friday -1 p.m. t Special Stock Calf Sale 1200 Head lives Top Quali Ranch Cal Montana bids to lure film companies HELENA Mont (AP) Advertising director Scott Warden he and Gov Thomas Judge will travel to Hollywood next spring to try to persuade more movie firms to shoot on-location in Mon- tana Warden made the announce- ment when it was disclosed that Great Falls Mont is being considered as the world premier site of a film shot there last summer The film, 'Thunderbolt and Lightning stars Clint Eastwood Warden says the motion pic- ture industry is non polluting and an all out effort will be made to lure more films to Montana OTTAWA (CP) The tran- sport department announced yesterday that 50.500 motor vehicles were recalled for safety related defects in the third quarter this year, bring- ing the total tor the first nine months to 424.764 Store closed MOOSONEE, Ont (CP) The Liquor Control Board of Ontario has announced that this community's liquor store will not open Saturdays, following complaints by priests of weekend drunkenness H. H. Smith Ltd. Customs Broker EDMONTON I PHONE I 424 9796 I LETHBR1DGE PHONE 323 8141 PHONE COBTTS Home Office Phone 327-3822 The recalled vehicles included trucks buses, motor homes, motor- cvcles and snowmobiles The biggest recall in the third quarter involved 1973 Pontiacs for a possible detective fuel accumulator In 1972 more than vehicles were recalled [the (IVIERA MOTOR HOTEI Welcomes you to Edmonton 10 help make your stay more would like to introduce you to all our facilities MORE PEOPLE STAY AT THE BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone JVIERA MOTOR HOTEL 5359 CALGARY TRAIL DONALD MYLES DEREK H. MARTIN 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 tliuyhlir hogs jicllltlas far leading ind loiding hogs. ED FRENCH 328-2986 DAHKLASSEN 345-4358 KEN MILLER. Migrath 758-6607 LOU OEJAGER 345-4489 WHIT HENINGER 328-7354 CONSIGN ALL YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK In the Heart of Canada s Ranching Country Phi Office 327-0101 327-3986 Alberta Stockyards P.O. BOX S.S. 1-7-7, LETHBRIDGE, ALBERTA Norm Ed at Reliance Agencies are pleased to announce the appointments of Don Myles (left) and Derek H Martin (right) as Sales Representatives in the Real Estate Department Don comes well qualified in the sales field having represented a national business machine company prior to joining the Reliance team He is 23 years old married and is currently taking the Primary Course for Real Estate Salesmen Don is active in com- munity affairs particularly with the Jay Gees Derek is no stranger to Lethbridge and District having been associated with Martin Bros Funeral Home until his recent retire- ment from that firm Married with 4 children he is a past graduate of the Real Estate Primary Course for Salesmen Derek is pleased to continue serving the citizens of Lethbridge and District in the Real Estate field Derek and Don both would be pleased to hear from old friends and new and can be contacted at the office 328-9216 or at their respective homes Derek Res 328-4101 Don Res 327-2536 Prebuilt Industries Public Showing of and anD C RECREATION VEHICLES CrOSSWOrd By David S Block MONEY TALKS, SAYS A MOUTHFUL ACROSS 1 Good ties to have 6 Fresh 11 Appropriately 16 Take care of 21 Conscious, 22 Figure of speech 23 Glaring 24 Bury 25 Impor'ers concern 27 High cost of riding 29 Sediment 30 Wasted 31 Lively 32 Latin double 33 Packs up 34 Rich 35 Chinese city 36 Failmq mark 39 Antiquer 40 Demand 41 Apertured 44 Salty 46 Some horses 47 Quickly 48 Frat letters 50 Bud 51 Manufactur ers concern 54 Recess 55 Axillaries 56 Mad 57 Network 58 Costly cut 59 Crown 60 Begin 61 Gaze 63 Layered 64 Hiqh priest 65 Retirement schemes 67 Loyalty 68 Halo 70 Painful note 71 Trumpeted 72 Shun 73 Trade limit 77 Former price org 80 Con 81 Embrace 82 Sorry ones 83 Positive 84 Expiate 85 Exposition 86 String 87 What a bear does 88 Away 89 What Amen cans do about inflation 92 Annoy 93 Wallet item 94 Windowed 95 Lear s daughter 96 Unproductive 97 Vision shutters 99 Like a musi cal scheme 100 Fold 102 Concorde 103 Coverings 104 Matches 105 Last 106 He or she 109 Spirited 110 Start again 111 Questions 115 Top cost circa Phase II 117 Economic state 119 Prince 120 Bode 121 Wrong 122 Vine 123 124 Printer s marks 125 Shaping machine 126 Avid DOWN 1 Versifier 2 Debtor 3 Church part 4 Kmrl nf race 5 French salt 6 Basic commodity 7 Fancier 8 Stains 9 Janesdoq 10 Up against the dollar 11 Benefactor 12 Tradition alisrn 13 Fnviormental problem 14 Connection 15 Measures abbr 16 Place 17 French child 18 And others Lat 19 yaki 20 Minerals 26 Employment 28 Folly 31 Alps mountain 33 Curses 34 Praise 35 Political group 36 Elude 37 Finery Diagramless ACROSS 1 Satisfy 5 Venture 9 Russian ruler 10 Possesses 13 Paradise 14 Exposes 15 Thoiiqhtlosb 18 Rock 19 Woman in religion 90 Female sheep 21 Trick 24 Retreat of tide 27 Angers 28 Slides 31 Stubborn 34 Orderly straight 35 Top annual prize 36 Squeeze 38 And Lat 38 Buoyant tender 40 Systematizing 41 III will 42 Foreign aid 43 Walt 45 Concerning 46 Hood 47 Asserts 49 Plant 51 Hollywood first 52 A friend who turns that's what a 53 Mideast country 54 Poplar 58 Headdress 39 Performer Miss Peters 41 Pa scom panion 43 Drive back 44 Employed 46 Church recess Food fish 50 Excite 51 Fifty per rent 60 Bntish sword 61 Single master 62 Bull comb torrn 63 Udders 65 Hit 66 Seeds 67 Blossomy 69 Empty 71 Union general 72 Chant 73 Epic poem 74 Queen 75 Of a culture 76 Cornerstone 78 Beats 79 Yes 220, 225 plus the 25 ft. and 110 Deluxe The Luxurious New 113 Cows 114 Blemish 116 Ballet step 117 My 118 French land mass 108 French river 109 River into Danube 110 Italian city 111 Continent 112 Male single 101 Discomfort 104 Tan 105 He made, it Lat 106 Primau s 107 Ulceration 94 Shavers 96 Biq quarrel 98 Overacted 99 Meat slice 100 Surface 61 Acquire 62 It s as qood as 1 61 African nvt r 64 P.irliclt b'j Sni i cushions 66 Bowlinq objective 80 Desdemona s 86 Las downfall 87 Cubicle 81 Promon 89 Served tones 83 Equal 85 Manages 90 Actors 91 Author of boys stories lie Rough Feed the 52 Skirt Flat hot boat 53 Away Individual Harden 54 Actor Adriatic 58 Unit of Superlative 60 Small 62 Not Slave 67 Sand Miss 1 Paid HOIK t 68 New K M 69 Towel Icilii 25 Smudqe 26 Infii it s wear 29 Father Fr 30 Slant 31 Become larqer 32 Misnki 33 Tax one tenth 37 Mi nl fastener 40 Honeyrmker 41 Apportion 4? Arabian seaport 43 Alluded 45 Butt 46 Exclamation of triumph 47 Comp-mion 48 Nap 54 Uncovers 55 Crimson s rival Larqi bun 57 One in opposition 59 Pierre with horns R> P FOG R M K M It I t M P I R F U M P I S M K Y I 1 X H I' SOLUTIONS OF LAST WEEK S PUZZLES I M I' I t M I' 1 1) M T 10 I. I) O K V I K I Jeanne Iti.imolli M 1 M K 0 M V N Z A K O N 7. A K K K 7 X K O V 7 SNMI MNr.r.H HI) SNOOK M I SNOOUS M I) K India M Sperrx T I I. P A It 00 L E W I P R I L l> K O K H SKY KURS SPI.FKKY S P It K K K Y ELK DON'T MISS THIS... PUBLIC SHOWING 1 DAY ONLY Sunday, October p.m. to 5 p.m. at... x l' r vidson H> H 1973 by Chicago Tribune N Y News Synd Inc World Rights Reserved Lnst Week s Cryptograms Rainbow's pot of gold mn'l win aRainst gnrdcncrX biK pot of Kolden corn winter" is lime when canes are snowv uith bloom Utllo kid took red reel Hurricane causes hubbub in suburb f RECREATION VEHICLES 600 4th Avenue North Ltthbridgt (Just of the QM Company) ;