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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 31, 1970, Lethbridge, Alberta Jg _ THE IETHBRIDGE HERAID Monday, August 31, "70 Market Benson Whittles Away j Slide JAt Stanfield Target OTTAWA fCP) As finance I J 11 fi kf Minister "Edgar Benson keeps g_J j i changing his original tax-reform i proposals, and offers to consider more of them, he is also whit- TORONTO (CD following I (ling away at the chief political several weeks of losses, prices target of Conservative Leader on the Canadian bond market Robert Sianfield. managed a small recovery last week in moderate trading. An expected Ontario Hy d r o issue was inlrocl need at Hit week's opening, receiving good reception and sold quickl> The introduction, an BVi-pcr- cent Sept. 15, 1976. issue was sold at par to yield 8V's per cent ;tt was cxtcndible to Sept lo 1990. Rumors of prime rate cuts in the United States late in the week also spurred a ceil it) pushing prices ahead slig 'h One small TJ.S. financial insti- tution was reported to have dropped its prime rate fraction ally. Dealers predict the market will continue along its present tend despite rumors of more proposed new issues which Inv e a tendency of persuading would-be buyers to hold their Mr. Stanfield had virtually staked his political future on beating back the original white paper on tax reform, and as long as it stood there in its undi- luted state, he had a massive target. But each time Mr. Ben- son proposes changes it be- money. Day-to-day money was a able at 6% per cent at BENSON Defuses Argument MR. STANFIELD Slates Future Fri- day's close. Three- and sbt-month treasury bills traded at 5.51 and 5.66 per cent, respectively, at the close. Elvis Presley Suit Delayed HOLLYWOOD (AP) A 21- year-old waitress's paternity suit against singer Elvis Pres- ley has been withdrawn pending birth of the child and adminis- tration of blood tests, her law- yer says. The suit was filed Aug. 14 in Los Angeles Superior Court by Patricia Parker of North Holly- wood, who expects her baby next month. The suit had asked monthly support plus legal and medical fee reimbursals. Law- yer Paul Caruso announced Fri- day he was dropping the litiga- tion. They Need Help FORT MYERS, Fla. (AP) Police reported here that two officers responded to a family disturbance between a honey- mooning couple. "Their prob- lem is getting used to each said the report on the bride, 70, and the groom, 80. Po- lice said they recommended family counselling. QUALITY DENTURE CLINIC EDDY DIETRICH Certified Denial Mechanic Capitol Furniture Bldg. PHONE 328-7684MB [ussia Builds Up lanoi Air Force SAIGON (AP) The Soviet Union has built North Vietnam's MiG fighter strength to nearly three times its size at the height of the air war three years ago, United States military sources say. The Soviets also have modern- ized the North Vietnamese Air Force with strong reinforce- ments of advanced MiG-21 jets, rated a match for F-4 Phantom fighters of the United States. Latest intelligence indicates the North Vietnamese now own more than 225 MiGs. They had about 80 in the fall of 1967. Sources said the Hanoi com- mand pulled back its MiGs from forward bases after losing a MiG-21 five months ago while it was harassing a U.S. recon- naissance plane over North Vietnam. That was the lllth MiG kill claimed by the United States since the start of the air war in early 1365. PLANES DEPLOYED The bulk of North Vietnam's air force now is deployed at four fields around Hanoi and the port of Haiphong. The 70 based in southern China, where much of the North Vietnamese Air Force took re- fuge during U.S. air strikes against North Vietnam. The continued basing North Vietnamese MiGs in China is re- garded as an indication that Hanoi believes there still is a chance the United Staets might resume bombing of North Viet- nam, although from the Ameri- can side the possibility seems remote. The Russians, who provide most of North Vietnam's more sophisticated military gear, have improved Hanoi's air force with more than 80 MiG-21s. Three years ago, the North Vi- etnamese had only 17 of these advanced models. The rest of the MiG force is made up of old MiG-15s and MiG-17s, plus some younger MiG-19s. Hit the load with tut MFC Travelocm Need extra cash to make that family-vacation a reality? See us for an HFC Traveloan. Cover every cost...from gas and oil to luggage, lodging, and souvenir shopping. Repay con- veniently when you return. This vacation, hit tha happy an HFC Traveloan! Apply for your loan by phorse. We'll supplyyour loan by mail. I MOUNT OF tOAK I EDO 2503 MONTHLY PAYMENT PLANS t Jo 30 jo 2.ETHBKIDGS 506-4lh Avenue 327-1511 doors wrist of Kroner.) .i, li'ini Vegetable Strike Talks Recessed S'ALINAS, Calif. (AP) Ne- gotiations between striking farm workers and one of the Salinas Valley's largest vegeta- ble growers have been recessed following legal blocking action by another grower. The talks, which had resumed last week, were recessed here when Pic'n Pac Foods Inc. asked a San Francisco Superior Court for an injunction to pre- vent Interharvest Co., a United Fruit Co. affiliate, from making any unilateral agreement with the United Farm Workers Or- ganizing Committee Cesar Chavez, leader of the UFWOC, said here this threat to call a boycott of all United Fruit produce had cracked a solid front of grower opposition and caused Inter-harvest to re- sume negotiations. New Automobile Test Drive Racket Bared CENTER LINE, Mich. (AP) A pleasant-looking, con- servatively-dressed man drove away from the Roger Rink? Cadillac dealership last week in a Eldorado, abandoning the stolen year- old Thunderbird he brcugnt as a trade-in. Police in the Detroit suburb said today the man appar- ently is the same one who drove off in the Thunderbird last year from another subur- ban dealership, abandoning a year-old Chevrolet. He took the Chevrolet in a "test drive" a year before thai, leaving behind a Ford sedan. Authorities have termed Ins practice' "stealing up." Detec- tive Gary Houghton of Center Line said a salesman at the Cadillac dealership reported the man had visited several times before the theft, accom- panied by a woman and hoy. I "T ti e y were more than i happy lo let him test drive 1 it.'" said Houghton. "He I j locked so nice, nihmly thought H) get his Pope Visit Set MANILA (AIM A visit by! I'opi' Paul to the Philippines ap-: pears sci for Nov. 27-20, .sources at Ilic presidential palace said j taliiy. I comes less of a head-knocking political issue. Since the while paper was originally published last Nov. 7, Mr. Stanfield has made dozens of speeches across the country, many of them devoted entirely to criticism of the document. "These proposals must not be he said. As criticism of the while paper mounted, Mr. S'tanfield was widely encouraged to con- tinue leading the tight. DIRECTION ALTERED He continues to do this, but with Mr. Benson's announced changes, plus his r e p e a t e d promise to consider all propos- als for improving the document, the direction of Mr. Stanfield's campaign has been altered. He has lately been devoting less time to detailed criticism of the white paper, and more time to explaining how Mr. Benson has allegedly been forced to back off from his original stance. Since the white paper was published, the finance minister has announced changes in the proposed date of implementa- tion, changes in the proposed method of valuating bonds, and major changes in the proposals as they would apply to mining companies. But perhaps the biggest change, politically, was to de- fuse one of Mr. Stanfield's major the propos- als represented a method of socking it to the taxpayer and generating additional govern- ment income. NO ADDITIONAL REVENUE The finance m i n i st e r an- nounced that the proposed tax rates would be adjusted so that no additional revenue would re- sult from the reforms them- selves. From the beginning, Mr. Ben- son said the white paper merely represented proposals and he was ready to consider any im- provements, but politicians on both sides agree that he had lit- tle initial success in getting the message across. Most of the attention was drawn to the opposition-led at- tack against the document. But since he has announced more and more changes, gov- ernment sources are satisfied that the message now is clear. The question of who prompted the changes is not so depends entirely on whether you're talking to a Liberal or Conservative. Canadian Auto Plants i Face Strike WINDSOR, Ont. (CP) Members of the United Auto Workers Union voted Sunday to strike the Big Three auto manu- facturers in Canada. The decision affects workers at Ontario plants and offices in Windsor, Etobieoke, Ajax, Oakville, Niagara Falls, Bramalea, Talbctville, St. Cath- arines. Oshawa, Toronto and at Ste. Therese, Que. Union spokesman Jerry Hart- ford released no specific vote figures but said the vote at Chrysler Canada Ltd.. and Ford Canada Ltd., was 98.-J per cent in favor of a strike. The vote at General Molors was 98.2 per cent in favor. Mr. Hartford said the union's agreements with the Big Three all expire Sept. 14 and the work- ers now are eligible to strike Sept. 15. He said no date has been set for a strike and no company has been singled out as a target. The Big Three in the United States are scheduled to make a combined offer to the union Tuesday. The UAW national council will meet Wednesday to consider the offer. Canadian auto workers won wage parity with the United States in late 1957 and early 19G8 so the wage issues will be the same here as in the U.S. But fringe benefits are different and Mr. Hartford said: "We're asking for substantial wage increases and improve- ments on all our fringe bene- fits." Timothy Wayue Presumed Dead Y E L L 0 W KNIFE. N.W.T. (CP) RCMP said here that Timothy Wayne. 22, son of actor David Wayne, is pre- sumed to have drowned while on a camping trip to nearby Prosperous Lake. i A search has been conducted in Ihc area since Wayne and a companion Malcolm Best, both of Wcslporl, Conn., were reported missing Aug. Hi. An overturned canoe, two life j jackets and two paddles were j found in the water near a cabin j the, two had rented. i ATOM'S Coats And Dresses In Motion For Fall! Smart new lengths in coats and dresses Fall's fashion momentum is free and fluid. Choose from our wide selection of midis, classics and car coats in a good variety of materials, now arriving for the Fall and Winter season. Coats They're tops in Fall fashion an excel- lent selection of coats in a choice of wool plaids and tweeds, mostly chamois lined. Come look them over and make your choice from the latest in colours of gold, brown, green or blue. Two pockets. Sizes 10 to 40. EACH 65T.100 Dresses Autumn days are filled with colourful activities and the newest looks in fashion. For sophisticated dresses in the most popular styles be sure to look this fine selection over just arrived for Fall. Long or short sleeves, belted or shift. Button fronts or back zipper closing. Assorted colours in stripes, plains and figures. Crimpolenes. Sizes 10 to 20. EACH .00 22 Fashion Floor, Main Program Registration For The YMCA Fall Season Starts Aug. 31st Through Sept. Officials of the YMCA toke pride in their slogan "Serving The Now Generation Now" and wish lo announce the following program registrations for the fall and winter season. Call 328-777T for further information. Physical Program Youth Pro-school gym ond swim, 4 to 5 gym ond swim for boys and girls 8 lo 15 years, including leadership train- ing through Judo to basketball. And many Teen Swim Instruction, badminton, life saving, basketball, leadership training, water polo, amateur wrestling through to the gymnastic team. And many others. Adult Men and women fitness classes: Co-Ed aqua fitness, volleyball, badminton, weight training, learn to swim for men and women, skin and scuba' diving, life saving, ski conditioning through to ski club. And many others. Club And Special Interest Youth For 6 to 15 years. Model builders club, creative crafts, junior, chess club, Jr. HI-Y girls, through to games room. And many othen. Teen Voyogeur club, modelling course foi" male and female, beginners' ballroom dancing, teen council, chess club, club advisor-leadership. And many others. Adult Beginner ballroom dancing, invest- ment course for women only, beginners' knitting and crochet, modelling course for men and women, mother and daughter, father and son, through to Saturday Niters' Social Dance Club. And many others. There are too, health club services, family swims and a Sunday program. And like The "Y" Eaton's Believes in Serving the Now Generation Now Through Our Shop For Girls 13 to 17 Yes, Eaton's can slart you on a brand new Fashion life in our new IN-Di- vidual shop on Ihe main floor. It's the scene for girls' sizes 5 to 17 to find fu- lurislic fashions minis, maxis, mix and match mates. New superlooks a multiple fashion experience! Come in and create your own total, IN-Dividual look. Shop Eaton's Tuesday From 9 to Buy line 328-8811 ;