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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 15, 1973, Lethbridge, Alberta Individual hm'slorh hurt Saturday.September THE LETHBRIDGE HERALD 25 Job I old Is u p for winter Long before the cold weather sets in this tire L. designer at Goodyear Tire and Rubber Co in Toronto is thinking snow as he examines a new radial tire snow- tread During spring and summer, 40 to 50 new snow-treads are designed and, after intensive test- ing, several are select- ed for production CALLEP 327-3203 The Herald- Business settlement reached ED BAUER FOR ALL YOUR PRINTING NEEDS Our plant 'is well equipped-to give you service and tjualitZ'otralJ your printing and 327-3203 5th end 7th St. S. Lcthbrldgt Herald lullding A Division of Ronalds Revelstoke Appointment RICK KENNEDY Mr Ervin Buck Manager of Revelstoke Companies Ltd Lethbidge, is pleas- ed to announce the ap- pointment of Rick Kennedy as floor cover- ing manager Rick has a wealth of experience m floor covering and 's qualified to look after all your needs Rick in- vites you to drop m and say hello in the newly remodelled premises VANCOUVER (CP) A contract agreement, expected to end the 24 week strike by the Retail Clerks Union against a number of Shoppers Drug Mart operations in British Columbia was an- nounced Thursday night A joint announcement by the union and Shoppers Drug Mart said agreement had been reached between Local 1518 Retail Clerks Union and nine Shoppers stores The announcement also said that agreement had been reached in a dispute between Western Wholesale Drugs Ltd which supplies Shoppers outlets and Local 580, Retail Wholesale and Department Store Union The two unions said they will recommend acceptance ol the agreements to their memberships at meetings scheduled late today J FOR SALE SHOPPING CENTRE IN LETHBRIDGE ALBERTA 18 STORES 651 PARKING STALLS SITE AREA: 10.6 acres RETAIL SPACE: sq. ft. For more informntion call Heinz Nieman Office 48? 6060 Home 482-5219 Western Realty Projects Ltd. No. 504, 10408 124 Street, Edmonton, Alta. I l A NEW SINGLE-HANDLE LAVATORY FAUCET CAN 1 CHANGE TO ANY OF FIVE DI FFERENT COLORS TO MATCH WALL- PAPER OR OTHER DECORA- TION. PARTS ARE CHANGED WITH JUST A SCREWDRIVER... s, COOKIES, ere., TECHNICIANS Production Maintenance Laboratory Applications are invited from persons interested in spoking a rewarding career with Medicine Hat's est industry Preference will be given to graduates of S A I T or N A I T and apprenticeship programs as well as alert individuals with a industrial background Excellent employee benefits and attractive salary schedules are offered Cancarb Limited Canadas first and the Worlds most modern Thermo Black facility producing speciality Carbon Black for domestic and expert markets Applications may be made by forwarding resume to P.O. Box 69, Lethbridge Herald Interviews will be held in Lethbridge CANCARB LIMITED 'the RIVIERA MOTOR HOTEL Welcomes you to Edmonton 11> holp mnkp voui st.iy morr hi" wo M mid like lo mtiudiir i von If ill "III I K ilitins MORE PEOPLE STAY AT THE BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone n. IVIERA MOTOR HOTEL 5359 CALGARY TRAIL Two-tier market to continue TORONTO (CP) One characteristic of the general decline in stock prices has been the shift in investment emphasis to blue chip issues from those of secondary com- panics and Yorkton Securities Ltd savs this "two- tiei maiket is likely to re- main into 1974 The investment tirm ex- plains that while the two-tier situation exists in markets on both sides ol the border, the U S expetience differs from the Canadian In the I' S the ci ux of the problem seems to have been the negative flow oi the funds situation Yorkton says Mutual tunds redemptions have been running ahead of sales so that portfolio man- agers have been forced to liq- uidate their positions under market prices This has led to declines in per- share puces which led in turn to further sell-ofls and lower prices in the proverbial vicious circle the same time individual investors who have also been hurt in the market decline have withdrawn funds from the stock market in iavor of guaranteed yield high- interest-rate investments LIQUIDATE ISSUES Most institutional investors have therefore been liquidating their secondary issues to meet redemptions while concentating their Bond prices Supplied by Doherty McCuaig Ltd GOVERNMENT OF CANADA BONDS Oil 1 7) I! III! 1 78 4' Sept 1 8) "i i Sept I 92 i Sip n I'erp d 1 7', lul 1 75 PROV AND PROVINCIAL GUARANTEED BONDS: Alta Nov Ont 7 Feb Out Hydro 9 Feb N B 9'-% Mar Nfld NS Oue Alta Man Hyd Sask Nfld AG T Man Gov Tel INDUSTRIALS. Alta Gas Tr Alcan BC For BC Tel Bpll Tel Bell Tel CP Ltd CP Sec Cdn Utilities CWNG Gulf Oil 11 Prov Pipe Massey Noranda Int I Nick NSC Gas Steel Cda TransCda Pipe TransCda Pipe West Trans CONVERTIBLES- Aln Gas T- Cons Gas Dynasty Acklands Scurry Ram West Trans C West Trans 8 6''% 7' 4% 8 8 9 Jun Jan Dec Apr Apr Aug Mar 8 Sep 8 Sep 9'4% Dec Jan Nov Apr Dec Dec Nov Oct Dec Dec Sept Dec Jun 9'A% Oct 9 Oct 9'i% Jul Nov Nov 10 Jun 8 2% Apr 93B% 9' B% 93a% 834% 85a% 93a% 15'90 7'3% Feb Feb 7 Apr 7'2% Jun 7'4% May 5'2% Apr 7 M Jan 9600 101 5U 77 7) 7700 3800 9850 10000 10050 8700 10250 104 00 9900 8000 9850 101 50 9000 101 00 10200 9900 9900 101 00 10200 10300 10000 101 00 10300 9900 101 00 10300 10300 9350 101 00 101 00 10000 10000 10200 10000 10300 10500 9425 115 00 8200 101 00 10600 9000 7200 9400 10250 7825 7900 4000 9900 100 10250 8900 10450 106 00 101 00 8200 10050 103 50 9200 10300 10400 101 00 101 00 10300 104 00 10500 10200 10300 10500 101 00 10300 10500 10500 10050 10300 10300 10200 10200 10400 10200 10500 10700 9525 12500 84 00 10600 111 00 9200 74 00 96 00 investment eltorts in the largei well-established blue- i.liip turns The Canadian experience, while parallel to that in the I S does have its unique fea- tures Yorkton savs The influx of Registered Retirement Plan into common equities has gen- insulated Canadian secuirties from suffering the same degree ol depreciation as their U S counterparts This has created a situation where Canadian equities have outperformed US ones But as in the I S Cana- dian institutional investors have Hocked to the larger in vestment vehicles creating a Canadian two-tier market Secondarv issues have been u ading at pr ice-earnings mul- tiples langing between five and 10 while older i n stitutional favorites have been tiadmg at a pme-earningi ratio somewhat less than the lower end ol their historic multiple Yorkton savs (The price-earnings ratio is the relationship between ac- tual or expected earnings and I he market price ol the stock omputed bv dividing market puce net eaimngs per shaie The histoiical average is geneiallv considered to be the multiple between a stock s high and low pnc es during a 10-vear period i WILL CONTINUE Yoikton comments 'It is oui opinion mat the current discrepancy in price earning tatios between the 'majors and the others' should con- trnue until investor confidence has been restored It that this will not happen until reasonable ear- nings lesults have been shown In secorularv companies and that the earliest possrbk tec over v in these issues wi'l take place sometime in the se (ond quarter ol 1974 Noikton in the mean- lime there are several )px cellent buving oppo tunities in the major categories and lecornmends three stocks for appreciation in the inter- mediate term Recommended stocks and dosing puces ian Hud- sons Co Massev- 1'eiguson S22 i QUICKLY SUITED Tin1 slim lest time' in which a three1 piece suit has been made1 is 84 minutes a British tailor in IIKLI-AX Mont The Montana emplovrnent secuntv division savs job remain high in state m- d u s 11 i e s despite some changes m seasonal labor The division says hiring is good in construction agriculture merchandising and logging spokesman said tounst- lelated activities have dec lined but construction ac tivitv lemons brisk in Billings Missoula and Helena H. H. Smith Ltd. Customs Broker LETHQRIDGE PHONE 322 COUTTS Home Office Phone 327-3822 BUYING or SELLING... call FRENCH MONDAY p.m. [FEEDER HOG and BABY I CALF SALES WEDNESDAY, a.m. FAT and FEEDER FAT and FEEDER CATTLE SALES FRIDAY SPECIAL STOCK CALF AND FEEDERS FRIDAY SEPT. 21 450 STOCKER and FEEDER CATTLE including ranch yearlings 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 tor feeding and loading hogs j CONSIGN ALL YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK ED FRENCH DAN KLASSEN KEN MILLER. Magrath LOU DEJAGER 328-2986 345-4358 758-6607 345-4489 WHIT HENINGER 328-7354 In the Hearl of Canada s Ranching Country Ph. Office 327-0101 327-3986 Alberta Stockyards P.O BOX S S 1-7-7, LETHBRIDGE, ALBERTA Cl'OSSMOrd Herb L Kixtten EXCITING DIMENSIONS ACROSS 47 Wtiqht units 49 Of airtr lit 5? Water carrif r 53 Nnitic ll nv n 54 H ink s fortf 5b Pi drill r 57 Trouhl 58 Whim d 59 Cmiiv li ittr n t 60 Lirs 61 Windy i 63 Vr 11 t ih 64 Cl mil i i pi ml h5 Fishirlil bb GP RnuK b9 Rii irl i l I Humbugs1 ri N Y pUiyur 8 P-K k down "P Appian W iy e 16 Pif c( of m ws 20 Othrrs 21 Gt rshwin Notion 23 Gutter site 74 Julii s pousi Expl in ition how unaS I ul TI Weird with si i k 1 Ul I II ohki 4b i i i f, H Inncu nt om 1 C i 11 to rt st i TNT i 4 Ri I HIVI ri L ss 6 Work unils Tit s mini pro quo 8 C.i ks 9 Id ri 10 Ponds 1 1 Is profit ihlt 1? Mutint i r 13 P irldli 14 Wjdinq hird 40 Amu r 8 i Fraqnnt spirr sspri 83 Blr-nds 84 Gunpowdnr inqrpc1 pnt P5 Villry of Dcith sitr- Munich m in 8P Rcnrl i urv( 89 Woodwork! rs 90 m isqiM 93 P ibhit 94 K nos! J5 Su (ih Pn ssi is F i i' st it 9) 1 i t i s, .t 10 irnmq i I" HU itur irts 1 i? Unit of PlncTncitv 1 i4 Evil look IT; OOZPS i n6 NovpList Anarp 117 Weapon 119 Ppriod 121 Evpninq party 121 A Shrop 124 Chinpsp ten Much sung spiritual 131 Unimportint K rson "i4 k fhn lir hook Miss Horn 13o 117 Finnish port M t i V Shouti d t Color 3 t RIVI r tor iiintinq onsunii d 3S St impinq iqt s mu 4S (jlidi'l, i Ik s 50 Ui si rn i 51 To v ml th iiouth r3 C mini s 39 140 Siran Willi im Umqut thinq 1 17 143 nrl of It r( c p 1 Usini, it olnq -16 Sovi M r 58 Pimlico perform! r 59 Mustpl n mamm il 1 Mold! pin f li ss r uel Li'hua ii ins doof Irs T if i in 5xr D ptal q1 sk Ruf'ooi s Sdl'i Diagrainlcss ACROSS 1') 1') H. 31 Si ritnis ili in i oin Orn inii in i Sp iki n sound ti i i 0 M hr i I 1 t SIO! u in r birds H it nunn Hi I) 0 Vi It y I'l R i 1 ,1 11 P nnsy Iv mi i int in poit 'll Pi it u 1 i m ith 11 ill lot On il Si p I R n i i I f i ,1 i i I i 1 N i" Ii ,11 si i Ic tl ,i r l n i I i M i l ii' 'i oi (111 I I I v I I 7 fj "X III t I I ll I I' I H M S Sill OINS I K N I I I I I) I K 1 K I N K K II I I I N I ONI IS IncliiM I N I II I 1 I M I) I l> 1 I M I 1 I) l M