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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - September 17, 1971, Lethbridge, Alberta Friday, September 17, 1971 - THE IETHBRIDGI HERALD - 9 Marlene Dietrich was showered with carnations by a star-studded audience at the Theatre Royal in London's Drury Lane. She had the throng of rich ' and celebrated in ecstasies with her songs, her reminiscences, her sheer magic. Miss Dietrich, queen of the glamorous grandmas, is Hearing 70, but her beautiful elegance made the calendar seem all wrong. "As you take in the very girlish figure and curvy silhouette," said James Green in the London Evening News, "you are left wondering just what kind of honey she must have been at 21 . . ."  � * "Always listen to the boss," says 102-year-old Charles Reut-er of Enterprise, Kan. "I won't quarrel with him," says his 97-year-old wife, Mary. The formula apparently works because today the Reuters celebrate their 75th wedding anniversary. They were married Sept. 16, 1896, near Sioux City, Iowa. They moved to Enterprise in 1904. * * * Serge Gautrot, 24, left France's Le Havre prison with a soft spot for his fellow convicts. He knew just the right spot where to send a paper dart over the wall, with a message inviting the prisoners to throw a rope across and haul up a basket filled with wine and cigarettes. Serge is back inside.  * * Col. R. Samuel McLaughlin of Toronto, the board chairman of General Motors of Canada who turned 100 Sept. 8, has donated a $30,000 argon laser pho-toagulator to Toronto General Hospital. The machine, first of its kind in Canada, is particularly useful in treating an eye disease common to diabetics and known as diabetic retinopathy.  * * The $5,000 donated to charity by West German pilot Hoachin H. Blumsheln, winner of the recent London-to-Victoria air race, will be used to combat the abuse of drugs by young persons in British Columbia. In a joint announcement today, Prime Minister Trudcau and Premier W. A. C. Bennett said their governments would each add $5,000 to Mr. B1 u m-shein's gift. Mr. Blums he in, who won $60,000 in the race, gave $5,000 to a charity to be selected by the two government leaders. Foreign exchange traders different MONTREAL (CP) - Foreign exchange traders are a rare breed who live in a world of their own. Their world is a room dominated bv telephones, a telex and the word "millions." Some Wheat debate okayed OTTAWA (CP) - Approval was given in the Commons Thursday for a special debate on the government's refusal to make payments to the Canadian wheat board under legislation still in force. Speaker Lucien Lamoureux said the special debate could be held Thursday evening. Mr. Lamoureux opened the way for the debate after hearing two oppositon motions - one by Eldon Woolliams PC-Calgary North and one by John Burton NDP - Regina East. Both had the same aim and alleged economic hardship for Prairie grain farmers because of the government's position. Since the House returned from a summer recess Sept. 7, the opposition has been trying to get a special debate on the situation, which arises from provisions of the Temporary Wheat Reserves Act and a replacement government bill still awaiting passage. The government has made no payments to the wheat board under the reserves act since last Aug, although the bill stipulates that such payments be made monthly. The opposition says the held-up monies amount to some $90 million. Payments under the reserves act are passed on to farmers in payment for wheat delivered to the Canadian Wheat Board Free bike use for citizens TORONTO (CP) - Mayor William Dennison decided Wednesday that two bicycles presented to the city by a CBC television program would be left in the streets for public use. The bicycles, inscribed with the words "free city transportation," were left in front of a downtown courthouse Wednesday. People are supposed to ride the bicycles to their destination, then leave them on the street for the next user. Mr. Dennison said he hopes other people or organizations will donate additional bicycles to the fleet.. Will the system work? "I've got great faith in the honesty of Toronto people," said the-mayor. NET PROFIT The Australian nickel producer, Western Mining Corp., made a net profit of mora than $24.8 million in the last financial year. times the millions mean dollars. Other limes, they could mean pounds sterling, francs, deuts-chemarks or drachmas. But always there is the pressure of snap decisions on the buying and selling of international currency. Right decisions mean profits, wrong decisions mean losses. Take, for example, the Bank of Montreal's foreign exchange department, located in the Bank's Headquarters on James Street. In it sit the bank's foreign exchange traders - men responsible for millions of dollars of currency transactions a day. The bank's half-dozen traders belong to a small elite. There probably are no more than 100 men in Canada who make their living in this world of high-pressure money dealing and sudden fluctuations. MUST THINK FAST Charles Lawson, the bank's exchange manager, describes an exchange dealer as a man "who has a strong stomach, rapid thinking and rolls with the punches." "It's a terrible thing to say, but he's also got to be sort of tappy-go-lucky. The type of guv who can say 'well, it's only money.' " The trader's job basically is to buy and sell foreign currency for the bank's customer* "We try to provide competitive sales of currency to our customers, minimize the bank's exchange risk, and tie up as little of the bank's money as possible," said Mr. Lawson. "And we try to do it all at a maximum profit to the bank." Part of the trader's work begins when a bank client approaches his branch to make a large currency transaction-for example, an importer who needs one million francs to pay for a champagne purchase in France. His bank branch will telephone or wire the Montreal exchange office and ask for a quote on the price of francs at that particular moment. QUICK DEALS If the price quoted is acceptable to the customer, the deal is immediately concluded over the telephone and recorded in Montreal on a yellow slip. However, with the transaction the dearl's job is only half done. To cover the bank's "position" - its own holding of foreign currency - he now must locate and purchase the amount or francs he has just sold. "In other words, for every buyer here, there must be a seller somewhere," said Mr. Lawson. "We're middle men, in effect matching buyers against sellers." To find the francs required, the trader may - if time zones permit - contact a bank in France. However, if the French banks are closed, the trader will have to shop around elsewhere, in Philadelphia, Toronto or just down the street. Mr. Lawson said that a life of dealing with millions in the foreign exchange can do funny things to a man. "I once came home after a tremendous day, and was telling my wife about handling millions of dollars worth of transactions. "When she mentioned buying one of our children a new pair of shoes for $7.95, I replied: 'What? That's a hell of a lot of [ money.' " Saturday, MERCHANDISE ON SALE FRIDAY TILL 9 P.M. -SATURDAY 9 A.M. TILL 6 P.M. - LIMITED QUANTITIES. CASH YOUR FAMILY ALLOWANCE CHEQUE at ZELLER'S WIN A $100 GIFT CERTIFICATE 15-MINUTE SPECIALS FRIDAY NIGHT 7:00 p.m.-Old Dutch Potato Chip* ............ 2 Boxes 79c Limit 2 per customer 8:00 p.m.-Wool Special. Reg. 69c .................... 25c 8:30 p.m.-Table lamps. Reg. 2 for 12.88 ............3.00 limit 2 per customer SATURDAY MORNING 10:00 a.m.-Hotwheel Set. Reg. 9.99 .................. 3.00 11:00 a.m.-Ladies' Skirts. Reg. 4.99 ................... 1.00 12:00 Noon-Flash Motor Oil. Reg. 1.46 ............... 86c 1:00 p.m.-Boys' Pants 8 to 14. Reg. 6.99.........Each 1.96 2:00 p.m.-Ladies' Pant Suits to 9.88 ................. 2.00 3:00 p.m.-Prestone Antifreeze ................ Gallon 1.99 Limit 2 per customer 4:00 p.m.-Ladies' Shoes 5.99 ....................... 96c 5:00 p.m.-Men's Shortsleeve Sport Shirts ..... ....... 96c BELL RINGER PRIZES If you are at the right checkout when the alarm goes - win a free prize! WOMEN'S STRETCH NYLON PANTS Sizes 10-18 Fall colors Reg. 6.88 4.94 Use Zeller's Budget Coupons LADIES' KRINKLE FASHION HIGH BOOTS Reg. 8.96 5.96 Use Zeller's Budget Coupons CHILDREN'S CANVAS JOGGING SHOES Sizes 11-2 Reg. 3.99 Use Zeller's Budget Coupons boys' and GIRIS' NYLON SKI JACKET Sizes 4-6x Pile lined Reg. 6.84 544 Use Zeller's Budget Coupons LADIES' ARNEL PANT TOPS Sizes 10-16 Reg. to 8.88 434 Use Zeller's Budget Coupons PHENTEX YARN -3 ply -Capri -Ruban Reg. .89 68* Us* Zeller's Budget Coupons TEENS' SUEDE PATCH SHOULDER BAG Reg. 6.96 543 Use Zeller's Budget Coupons INFANTS' SLEEPERS -S.M.L. -Washable -Shrinkproof Reg. 2.93 2.22 Use Zeller's Budget Coupons m OPEN thursday AND friday Til 9 p.m � open! thursday AND FRIDAY i!TIL 9 P.M. INFANTS' PILE SNOW SUIT -Size 24 months -Convertible to bunting bag Reg. 18.99 1544 Use Zeller's Budgot Coupons WINDSHIELD WASHER ANTIFREEZE 160 fl. oz. plastic Reg. 1.17 86* Use Zeller's Budget Coupons BOYS' NYLON SKI JACKETS PILE LINED Reg. 10.88 PANTY HOSE -One size -Taupe -Mocha -Intrigue -Enchantment .00 pair � Use Zeller's Budget Coupons MEN'S MAGREGOR PIUSH CORDUROY HOSE -100% textured nylon -One size 10-12 Use Zeller's Budget Coupons ELECTRIC VIBRATOR RECLINER CHAIR Reg. 99.99 I I i 7-84 I 84.00 1111 i USE YOUR ZELLER'S BUDGET ACCOUNT Us* Zeller's Budget Coupons BOYS' SNAP FRONT JEANS -Sizes 8-14 -Flair -Machine washable Reg. 4.76 3.86 Use Zeller's Budget Coupons Use Zeller's Budget Coupons REMINGTON MODEL 812 12 GAUGE SINGLE SHOT SHOTGUN Reg. 36.95 29.84 Use Zeller's Budget Coupons I J fl I^mEM 1Qiiiiriiffrttiiiicl I located in the South Lethbridge Shopping Centre on Mayor Magrath Drive. Open Dally 9 a.m. to 6 p.m. Wednesday  a.m. to I p.m.t Thursday and Friday  a.m. to  p.m. - Telephone 321.8171. ;