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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 25, 1973, Lethbridge, Alberta World oil pacts scuttled by price 'instability' By JUAN DE ONES New York Times Service Saudi Arabia The major international agree- ments governing the world oil market are coming apart un- der the pressure of price insta- bility for crude oil and the po- litical drive by Middle East producing countries for great- er control over their oil. The outcome of these pres- sures points toward even greater increases in crude oil prices than have taken place this during which posted prices in the Persian Gulf have risen 50 cents a or about 20 per since Jan- uary. Three major conflicts have developed in areas that were Bond prices 8 Supplied by Donerty McCuaig Limited GOVERNMENT OF CANADA BONDS Oct. 96.03 33.50 July '78 101.00 102.00 Sept. '83 78.00 79.00 Sept. '92 73.25 79.25 To Sept. 15 Perp. 33.00 40.00 April '75 98.50 99.00 July '75 100.00 100.50 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS Alberta '93 102.50 104.00 Former pilot may try farming N.W.T. Marten who lived for 32 days in the bush to become sole survivor of one of the most-publicized crashes in Arctic says he may take up farming if his pilot's li- cence is not reinstated. If he does get his licence he wants to return to fly- ing in Northern Canada. The former pilot for Gateway Aviation made the comments during brief visit here to pick up personal belongings left after he was taken to hospital following his rescue Dec. 9. His rescue came after the most ex- pensive search for a missing plane in Arctic costing about million. Ontario Ont Hyd New Br Nfld N. S. Quebec Alberta Man Hyd Sask Nfld AGT Man Tel 8 '83 87.00 '91 100.00 '90 103.00 '74 89.50 '92 85.00 74 99.00 '90 102.00 '91 96.00 i '90 102.00 '90 104.00 8 '74 99.00 8 '74 99.00 INDUSTRIALS Alta G T Alcan B.C. For i B.C. Tel Tel I Bell Tel iCP Ltd Sec I Cdn Util C W N G Gulf Oil Inter P P Msssey Noranda Ml Nickel N and C G St of Odn Tr Odn P Tr Odn P WC Trans the RIVIERA MOTOR HOTEL Welcomes you to Edmonton To help make your stay more would like to introduce you to all our facilities. MORE PEOPLE STAY AT THE RIVIERA- BECAUSE THE RIVIERA OFFERS YOU Write or Telephone IVIERA MOTOR HOTEL 5359 CALGARY TRAIL 43-43-43-1 '93 102.00 '91 103.00 '92 103.00 '93 101.00 '79 102.00 '93 103.00 '89 93.00 '90 103.00 '91 104.00 '90 104.00 '90 101.00 '93 101.00 '83 103.00 '90 102.00 '90 102.00 '91 102.50 '90 102.00 '90 104.00 '90 105.00 '93 94.75 CONVERTIBLES Alta G T '90 120.00 Cons Gas '89 80.00 Dynasty 7 '82 100.00 Acklands '88 99.00 Scur Rain '88 91.00 WC Tr '88 71.00 WC Tr '91 95.00 89.00 102.00 107.00 100.50 87.00 101.00 104.00 98.00 103.00 106.00 101.00 101.00 104.00 105.00 105.00 103.00 104.00 105.00 101.00 105.00 106.00 106.00 103.00 103.00 1CS.OO 104.00 104.00 104.50 104.00 106.00 107.00 95.75 130.00 83.00 110.00 101.00 93.00 74.00 98.00 Appointment DON CARROLL Tom Sales Manager for Astro Realty Ltd. is pleas- ed to announce the appoint- ment of Donald Carroll as sales representative for Astro Realty Ltd. Call Don for any of your real estate needi at 327-4194 or 328-7748. ATTRACTIVE OFFICES FOR RENT Available September located at 424 7th St. S. Occupied recently by Manpower and formerly by Indus- trial Acceptance Corporation. Apply BOX LETHURIDGE GUARANTEED SAVINGS CERTIFICATES Interest Payable Annually or Compounded to Maturity _ MEMBER CANADA DEPOSIT INSURANCE CORPORATION FARMERS MERCHANTS TRUST 309 7th St. Lethbridge supposed to have settled by agreements between the pro- ducer countries and the west- ern oil countries that were call- ed when they were laboriously n e g o t i ated two years ago. The disputes A 1971 agreement that was siBpposed to regulate gradual oil price increases until 1975 IS being declared inadequate now by some producer and rejected as obsolete by more radical Arab oil coun- tries. The prices at which west- ern companies have been buy-' ing crude oil that belongs to the producer countries under the so-called of last year are far below present market and the producers are demanding a sharp increase. The initial terms of the participation agreements reached with four Persian Gulf to which the companies sold 23 per cent of have been rejected by which is asking for an immediate 51 per cent share. All other participation including Saudi Ara- the world's largest view Kuwait's bid as a test case. ARAB An added factor stimulating Arab demands for changes in the present agreements is what they see as evidence from re- cent earnings statements that the major western oil compa- which absorb Middle East have been making huge profits this year. like to see the oil com- panies make but not at our said a high Saudi oil official. Some Arab producers with radical political such as Iraq and have pro- posed that the whole structure of prices independently of any agreement with the western oil companies. Libya has moved in on the western oil companies operat- ing there and demanded a 51 per cent controlling interest in all foreign companies. The smaller oil companies such as continental and other independents have agreed end have accepted compensation payments cover- ing their basic investments in return for guaranteed oil sup- plies in the future. But the price at which the Libyan producers will buy their oil for the next six a is above the cur- rent market price in the east- ern which means that Libya has pushed the price cycle up significantly. CP Air purchases jumbo jets VANCOUVER Air has ordered two more Boe- ing 747 jumbo jets to add to two already on company president John Gilmer an- nounced Friday. The first-two will be delh'er- ed in November and December and the second two by the end of 1974. The first two are for Orient and Trans-Canada service and the second pair for Trans-Canada and North At- lantic Mr. Gilmer said. He said the cost with spares and ground support equipment for the second order is about million. Dividends By THE CANADIAN PRESS British Columbia Telephone 80 7.40 per cent 44 4.84 per cent 30V4 per cent perc ent all pay- able Oct. record Sept. 5.15 per cent per cent series 1956 per cent all payable Oct. 15. record Sept. per cent six per cent both payable Nov. record Oct. 6.80 per cent Sept. record Aug. 31. Westfair Foods Class A. 50 35 bath payable Oct. record Sept. 14. BEATS THE MOUNTAIN NAGANO A 59- year-old mountaineer missing for 13 days in the central Japan Alps was found in good condi- tion two days after a search for him had been aban- police said. He was hv a construction worker. Telephone strikers B.C. Tel employees man picket line outside com- pany's main Vancouver of- fice after walkout follow- ing dispute on overtime. A court injunction cleared pickets but employees did not return to work. About walked in the Vancouver-Lower Main- land Fravsr Valley area. There were no major dis- ruptions of service. H.H. Smith Ltd. Customs Broker LETHBRIDCE PHONE 328-8141 Home Office Ph. 344-3822 August 1973 THE LETHBRIDGi HBUMD Claims treaty given study N.W.T. eminent says the Indians the old trapper told land claims hearing of signed away their resource- Justice c HAY N.W.T. A land claims hearing of the Northwest Territories Su- preme Court travelled to this Great Slave Lake settlement Thursday to try to determine the facts surrounding the signing of a 1921 treaty. But-100-year-old Jimmy Sib- beston couldn't put his recol- lections into words for Mr. Justice William Morrow. Mr. Sibbeston was present when a federal government treaty party went from settle- ment to settlement collecting shakily-scrawled Xs on a piece of paper that was to be known as Treaty 11. That document and an earlier treaty are at the centre of a bid by the North's treaty Indians to file a declaration of interest on square milles of land. The Indians say they thought they were signing peace while the gov- ernment Kays the signed away their rich land. gather that he can see the pictures in bis mind as he goes down the but he can't say said Mr. Justice Morrow after listening to the 100-year-old man. too said Mr. Sib- bestons daughter Sarah. should have come a of years ago. Maybe you would have got something The old man constantly waved his hands trying to ex- alternating between English and Slavey. Mr. an Inter- preter when the treaty was is the only man alive who travelled to every settle- ment with the treaty party. He guided the Mounties and the federal agent on a boat. At one point in the question- the old trapper told Mr. Justice on kitchen chair across from one stop on thai river journey. After three days of getting nowhere in negotiations in at Fort the government agent asked Jimmy Sibbeston to ask the Indian leader why he wouldn't sign. didn't want to let his land Mr. Sibbeston said. Norwegian didn't understand what it was all Norwegian never did sign and finally another Indian took his place as leader and signed an X. But that was all the evi- dence that Mr. Sibbeston could give. wish I could talk a little more. But I'm just no good. I'm BUYING or SELLING call FRENCH MONDAY p.m. SPECIAL Feeder Hog and Baby Calf Sales Wednesday j a.m. FAT AND FEEDER CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. WE BUY AND SELL FAT AND FEEDER LAMBS DAILY We carry Hartford Insurance on all livestock FRIDAY 10 a.m. FAT and FEEDER CATTLE SALES 1 p.m. f SPECIAL STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS. ED FRENCH 329-3986 DAN ........345-4358 KEN MAGRATH 758-6607 LOU DEJAGER 345-4469 WHIT HENINGER......328-7354 CONSIGN AIL YOUR LIVESTOCK C. E. FRENCH LIVESTOCK The Heart of Canada's Ranching Office 327-0101 327-3986 Alberta P.O. BOX S.S. ALBERTA Crossword Bv Jennie Lemma FILL THE INNER MAN- ACROSS 1 Waiter Bret 6 Schemes 11 choice of exits 17 Foundation 20 Apprehension 21 Of a tail 22 Mr. Olsen dined 23 Thirst quencher 24 Paternoster phrase 27 Convene 28 Lettered st. 29 Shucks 30 Feudal tenant 31 Niveous 33 Wrest from 34 35 That girl 36 37 song 44 Former great 48 Frost 1 Mother of Ishmsel 2 one 5 Glossy black 4 Tendency 5 bird Took five 7 Lie in wait S Bet chances 9 Chinese pagoda 10 Splintered 11 The 12 Ecclesi- astical vestments 49 Nautical direction 50 Weep 53 Propose 54 Bastinadoed 55 Fern seed 56 Bartok 57 Hebrew symbols 58 Praline or bonbon E9 Cubic meter 60 Dog or wolf 61 River or firth 62 Toss about 63 Rebuke 64 Batten 65 Snooze tirrm in Sonora 67 Any minuta 68 Chucked 69 Breadwinners do 75 Immediately 76 Dregs. 77 Prophet 78 Chris Evert need 79 Dutch painter 81 rnensland a sound 82 Fruit drink 85 Printing device 86 Take 87 Garbo 88 Fanatic 90 European river 91 Part of E.M.K. 92 Babble 93 Duration of office 94 95 Woolen fabric 96 Cafe au 97 Disintegrate 98 Be a trench- erman DOWN 13 Tiber tributary 14 Highlander 15 Japanese city 16 Lofty tree 17 Mr. Rathbone 18 Choice 19 Inhibit 21 Certificate 25 Scared away 26 Hook money 32 Kind of carrier 35 Intimate 36 Volcano's apex 37 Swamps 33 Elderly lady 39 tons 40 Expelling 41 Increased 42 Took an oath 43 Discharg9 44 Listen1 45 arch. 46 Tarry 47 Divided abbr. 50 Grannified 51 Pimolas 52 Established 54 Poem division 56 playwright 101 Minor clash 104 Exclamation 105 Imitation suff. 106 Elk hida 110 Bird talk 111 Porches 115 Blue funk 117 English essayist 118 session 119 Acquiescing servilely 123 PeerGynt's mother 124 or Rob 125 N.T. epistle 126 Ballroom dance 127 Sty 128 author 129 Pitchers 130 You Like setting 58 Pri- singer 59 Wingtip and brogan 60 Ill-bred person 62 Engendered 63 Comic Myron 64 The abbr. 65 66 Lay to rest 67 Precipitious 69 1973 Oscar winner 70 Von Braun's subject 71 Enviroment 72 Famed stone 73 Speechify 74 Site of Christ's first miracle 75 Previous prelate 79 Bullets 80 Jewish law Diagramlc.ss 21 x by Anne Halloran ACROSS 1 Refresh 6 Samson's undoing 8 Family members 10 Silly 11 Country Slaughter 13 Garland 14 5th sign of zodiac 16 Young woman 17 Depression 19 Permitted 22 Black eyes 25 Hubbub 26 Commanded respect 28 Fencing sword 29 American Indian 31 as wind 32 eg 33 Young salmon 34 Formerly 36 Misjudge 37 Deceitful 33 Anger 39 Consumed -JO Steeped drink 41 Play on words 42 Make lacs 43 Crude mineral 46 Serpent 49 Actor O'Brien 50 Correct 52 Graceful bird 53 Leak slowly 55 Evergreens 56 Pronoun 57 Await settlement 58 Central room 59 Some 60 Handiest 63 Looking rudely 66 Used loorr. 67 Cheats 68 Baseball's Williams 69 Quadruped 70 Japanese coins 73 Use teeth 75 Give like for like 79 Canadian city EO Sharp points DOWN 1 Depend on 2 Guide's high note 3 Tiny insect Ac-or Wallach 5 Billow 81 A fence 82 Border on 83 Terrible 84 Fulda tributary 86 Nobel biochemist 87 Diagram 88 Erect 6 Lounging room 7 Farm bird 8 Line of tracks 9 Service man 10 Nothing 12 Observed 13 Diamond 15 Individual 16 Gleam 18 Faithful 89 Busy bug 91 Virile 92 Enjoyment 93 Henceforth 95 Formal hats 97 Drinking mugs 98 Averags 99 Stimulats 19 Act of reverenca 20 Female sheep 21 Pass out cards 22 Box 23 In this place 24 Robust 25 Previously 27 Waterless 100 Carpentry- pieces 101 Discard 102 Whodunit climax 103 Mature 106 Merry composer 28 Roof orna- ment 30 Tidal river mouth 31 Actress Davis 35 Canvas shelters 43 Is in debt 44 Talk wildly 45 Conclusion 46 Fire residua 107 Swedish island 108 Burn a bit 109 111 Calaboosa 112 Coloration 113 Sunday st. 114 Bugbear 115 Appls 116 From a distancs 120. Candlenut tree fiber 121 Haul 122 As mus. 47 Red and Black 48 Animal hide 51 abbr. 52 Squanderer 54 Appease 55 Sports 61 Likely 62 Regrets 64 American beauty 1. CRYPTOGRAMS OWLS WG BUGS EUZE BR CHAFS FWYR IH EXALLE OUXY IH OAEB UGS SOLUTIONS OF J.AST WEEK'S FVZZI.E3 QDBDEIEIB nnmran nnonn nnranra ana aran nnnn nnnnn anno nnn nnn nnnnn nnnnn ntin nnn nnnn nnnna nnnn nnn nnn nnnnn nnnnnl nantin nnpnn nnn nnnnn ra nnnnnnnnnnnnn nnnn nnnn nnnnrannnn nnnnnnn OR CHLIB FREE. India M.Sperry by Chicago Tribune-N.Y. News Synd. Inc. 4' Good P'powe'i pad. World Rights Reserved 2. HRNSN KIL BA OIL LRASHION BAHPUNIGEN IH GPO YAEPHPUIE YAK-KAK. -ByJeanneBinacolll 3. AFRIE SLEEPINN EINEIPN LPI NOBBUROC ERYY AFREEROC ERSI. -Byl.M.S. 4. XCZMKUKXCFM UCFUVBP UCBVFHCZ HCMVP -By Earl Ireland Last Wetk't Cryptograms 1. Little old ladles are getting bigger and so everybody had better behave. 2. How to find out who'i on second aubtract first bueffian from third 3. Puss-in-boots uses boots for little not for pnssl ;