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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 10, 1974, Lethbridge, Alberta Tuesday, 10, 1974 THE LETHBPIDGE HERALD 11 Won design award last year Metric cubes Carla Cook, a 10-year-old student at North Vancouver's Hamilton School, is surrounded by paper measuring aids. The metric cubes include measurements the students will have to know for the conversion to the metric system. Price of go Id p redicted to hit per ounce By THE CANADIAN PRESS A Toronto-based investment firm says there is a better- than-average chance that the price of gold will rise to an ounce by the end of January. Wills, Bickle and Co. Ltd., in making the prediction, also recommends shares of six gold producers: Camflo Mines, Kerr Addison Mines, Pamour, Dickenson, Dome Mines and Campbell Red Here is a... CHRISTMAS SUGGESTION a family size GAS BARBECUE I And here's the good news. A limited quantity of Mark 5 Falcon gas barbecues have been pur- chased at last spring's pricing SUMMER PRIC- ING WILL BE HELD FOR THIS DECEMBER SALE with easy budget terms available. BARBECUE FEATURES ARE: Lake. Although the price of gold has set a record, prices of these shares are below their highs. The prediction of an ounce for gold by Jan. 31 is based on a chart of bullion prices showing a 43-week pe- riod between highs. Extending a line through the peaks in- dicates the price at that time. The investment firm says additional support for the pro- jection comes from the fact that it is not uncommon for a commodity to rise by the same percentage amount as it did from its low to its break- out point. That happened this year in the rise in the price of gold to an ounce in April. "We can expect a rise of 39 per cent from now that the breakout above the old high has taken place. This again works out to The Toronto Stock Ex- change gold index is well be- low the record 622.04 set in April. "It appears inevitable that when the price of gold nears the mark, gold shares will be making new highs. Even if they just match their previous highs (which may well offer considerable resist- the potential gain from the present level is consider- able." The firm also says it sees no conflict in the assumption that both gold stocks and the market as a whole may move in the same direction. "In the old days when gold was pegged at an ounce, gold stocks were considered a hedge in falling markets and therefore moved in a contrary direction. However, now that gold is a free commodity, there is not longer any reason to consider gold stocks a haven to be used only in time of adversity." Soviet women grids for extra cooking space 6 shisk- g abobs skewers special grease drainage grids f plan 800-mile to control flare-up rotisserie 10 foot hose disconnects and shelving. ski excursion Phone our Appliance Counsellors 327-4551 For details or drop in and see our display 410 Stafford Drive in Lethbridge. at J canaoian uuesrern narurat oas L company LimiTeo MOSCOW (AP) A group of Soviet women, including a grandmother, plans the first attempt to ski across 800 miles of Antarctica next year, a Soviet newspaper says. Komsomolskaya Pravda re- ported that the women plan to cover the distance on the frozen continent between the Soviet station Vostok and the U.S. South Pole station Amundson-Scott in 50 days. The group is dedicating the expedition to the International Women's Year declared for 1975 by the United Nations. Inventor working on bicycle of the future TORONTO (CP) Robert Coo has invented a bicycle he admits won't likely find a market in North America. But then Mr. Coo, 48, a To- ronto industrial designer with degrees in economics and political science, is not a typical idea man. Working out of one-room of- fice on Queen's Quay near the waterfront, he calls himself a "mad inventor." None of his several bicycle designs have reached the pro- totype stage but he says his projects are for future gener- ations. And, anyway, he's happy pursuing what he calls his second career. Oil refinery plant site near Edmonton sought FORT SASKAT- CHEWAN, Alta. (CP Pacific Petro- leum Ltd. has applied for a barrel a day refinery in the Fort Saskatchewan area about 25 miles north- east of Edmonton. An application was sent to the county of Strathcona for con- sideration late last week. The plant would be built immediately south of the site where Shell Canada proposes to build a barrel a day refinery. Shell's ?350 to million plant has been endorsed by the environment department and approv- ed by the Edmonton Region Planning Com- mission. Pacific Petroleum of- ficials declined to give the cost of the plant or the source of its feed- stock. The company earlier proposed to build the plant four miles east of Edmonton but the site was rejected by the en- vironment department on the grounds that it was "inconsistent and imcompatible" with the government's policy of decentralization. A veteran of the Second World War, he was design di- rector for Gair Co. of Canada Ltd. and was partner in a pri- vate firm, Signet Plastics Ltd., before becoming a full- time inventor. Mr. Coo's future-styled bi- cycle design was the only one from North America to win an award last year from among 240 entries in a competition Sponsored by the Japanese In- dustrial Design Organization. The bicycle features a large cargo area that may be con- verted for use by children. Propulsion is by pedals mov- ing up and down, rather than in a circular motion. A second set of pedals may be added for use by a second adult. Mr. Coo admits it's a work- ing bicycle, and not like'y to attract the trendy 10-speed riders in the affluent Western world. It is better suited to Asian countries where a bicycle is often the only means of trans- portation and not a recreational vehicle. But Mr. Coo believes North Americans will turn to the more practical bicycles, like his, in another 10 years. A time for sharing A time for growing Looking for ideas for Christmas giving? Why not give that special someone a gift for learning? A Gift Certificate from The School of Continuing Education at the Lethbridge Community College For more information call Terri at THE SCHOOL OF CONTINUING EDUCATION Lethbridge Community College 327-2141 Extension 228 Christmas, Lottery a possible winners 1st -1 2nd prize 3rd prize 4th prize PtusK) other grand prizes including 5 prizes of each. Buy your tickets now! Available at Banks. Trust Companies. Caisses Populates. Credit unions and Retaiiets depending in which province you live OR Fill in and cu! out the order form below and enclose your cheque or money-order (or per ticket (no cash, please) Olympic t Lottery Canada Loterie Olympique Canada PER TICKET LE BILLET NUMBER OF TICKETS AMOUNT ENCLOSED REQUIRED P.O. BOX 4444 STATION A TORONTO. ONTARIO M5W 1X2 TEL: (S14) 286-5686 C.P. 4444 SUCCURSALE PLACE 0 ARMES MONTREAL. QUEBEC HIT 3N1 FOR OFFICE USE ALUSAGE OU BUREAU NUMERODE REFERENCE NUMBER NAME NOM STREET RUE CITY VILLE PROVINCE Glf-T FROM CAOF.AU OF. TEL: POSTAL CODE CODE POSTAL NOMBRE OE BILLETS REQUIS pfii pfii 3rd (XI i 4th prli Sth to prli tth prli 7th prli tth gfif 11m MONTANT INCLUS Si 1.000.000 500.000 75.000 50.000 50.000 50.000 OLC-74-49E MAIL POSTEZ DES MAINTENANT ;