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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 11, 1974, Lethbridge, Alberta mt LEinoHiutit neriALLr wtoitMdiy, Dtcombtr 11, 1974 Part of image Joseph Ruggiero, 21, of New Haven proclaims his ideal lifestyle on one of Connecticut's new six-character marker plates which he attaches to his car. He opted for name spelling "far out." ARE YOU hard of Hearing? CONTACT LETHBRIDQE HEARING AID CENTRE Featuring UNITRON Canadian Made Hearing Aids Hunt Building, 503 7th St. S. For appointment Phone 327-4989 Service to all hearing aid users Phone 327-4989 Give the gift ot hearing for Christmas Hearing examinations in the office or the privacy of your own home. OPENTUES.TOFRI. 10 A.M. TILL 4 P.M. Unemployment in Alberta drops notch EDMONTON (CP) Unemployment in Alberta dropped a notch in November, down from 2.2 per cent the previous month to a sea- sonally adjusted rate of two per cent. Statistics Canada re- ported that in November, 1973, the rate was four per cent. The monthly sta- tistics said Alber- tans were without jobs in November, 1974, out of a total labor force of about School lunch plan expanded EDMONTON (CP) The provincial health department's school lunch program in Metis com- munities will be expanded this winter at a cost of Health Minister Neil Craw- ford announced Tuesday New programs will be es- tablished at Loon Lake, Sandy Lake, Peerless Lake, Trout Lake, Caslan, Elizabeth and Chipewyan, he said. Since the program was launched in 11 centres in 1973, students have been more attentive and alert and there have been signs of improved attendance, said Mr. Craw- ford Confusion deepens over oil funds By KEVIN DOYLE The Canadian Press After a year of controversy over the quadrupling of inter- national oil prices, a growing mystery is developing about what precisely the producing states have been doing with their new-found wealth. The confusion has deepened in recent weeks as economists pour over a revealing set of figures prepared and released in Belgium by the Banque de Bruxelles. These indicate that, among other things, the size of un- traced surplus funds accumu- lated by the producers has suddenly increased to about 40 per cent of the total from 15 per cent in the first half of the year. They also show the produc- ing states are both investing and importing far more than was originally forecast and that the over-all surplus of the Organization of Petroleum Exporting Countries (OPEC) is likely to be billion for the year instead of the billion earlier expected. Taken together, these fin- dings may hold profound im- plications for the oil- importing countries and for the West as a whole. Much depends on what is happening to the unac- counted-for share of the sur- pluses. The bulk of it may be going directly to undeveloped countries in the form of aid and investment, some experts believe. This would be welcomed by developed states since the aid recipients would then want to increase imports, easing the strain on the payments bal- ances of the oil consumers. But a second possibility, one which has already caused dis- turbances in the metals market, is that OPEC funds may be going to finance powerful cartels in other raw materials, paving the way for another round of increases in commodity prices and mul- tiplying the strains on developed importers. Thirdly, some experts believe the "mystery money" may be flowing mainly into an OPEC fund being set up with the intent of investing heavily in some of the developed economies. The Arab states, in particu- lar, see wide scope for in- vestment in countries such as Canada and Australia which offer large development op- portunities but are reluctant to give too big a scope to U.S. funds. The possibility of OPEC funds being used to finance new cartels was given some weight this week when the African coffee producers, suf- fering heavily from high oil prices, were nevertheless able to announce they are withholding 20 per cent of their stocks from the market and financing the stockpiling to force up prices. Most European economists, however, believe the bulk of the untraced surpluses is be- ing loaned directly to un- developed countries with a smaller amount being ac- counted for by as-yet- undisclosed deposits in the investment fund directed at the developed world. These trends added to the unexpectedly high increase in the demand for imports by the producers and their relatively high rate of domestic invest- ment this year have two main implications for consumers, economists say. In the first place, they may mean developed countries' ex- ports will be higher than ex- pected in the next couple of years and their payments imbalances less severe. But in the second, it will likely also mean that the amounts of surplus oil money available for recycling to con- sumer countries to cover their energy deficits will be corre- spondingly smaller. If these projections prove correct, then it will likely also mea'n that the present attempts of statesmen to set up elaborate recycling schemes to deal with the deficits may prove sadly be- hind the time and that much- more-fundamental policies will be needed. The chilling prospect of more stringent energy-saving measures than now exist may yet have to receive serious consideration Espionage exists in sugar trade Alderman admits MONTREAL (CP) Both "speculation" on world markets and "espionage" ex- ist in the sugar refining in- dustry, a witness said Tues- day at the trial of three com- panies charged with con- spiracy to fix prices and lessen competition between 1960 and 1973 Edwin Burgess, 56, PRICES EFFECTIVE DECEMBER 12 to WE RESERVE THE RIGHT TO LIMIT QUANTITIES Tomato Detergent CANADA UTILITY GRADE Turkeys Hams Whole. Hill or Pride of Canada Shamrock Bacon Pride of CmediShimrock 1 Ib. ml wl. pickigt Regular or All Beef MUSHROOMS Steak House 1011 oz tins Mandarins JAPANESE ORANGES Cranberries OCEAN SPRAY 1 Ib. net wt. pkg. 43 Grapes EMPERORS 3d00 Broccoli Potatoes Canada No 2 15 Ib bag 1 29 GRAPE JUICE WelchS Concord 24 fl oz WILD RICE Long Gram, Uncle Ben's 6 ox netwt HOT CHOCOLATE Carnation23oz netwt CANNED HAMS Maple Leaf. 1 'A Ib net wt CREAM OF MUSHROOM SOUP Campbells oz CAKE MIXES Duncan Mines (no Angel 19 02 net wt KELLOGG'S CROUTETTES Stuffing, 7 oz netwt BfiOMO SELTZER 5 oz net wt PUMPKIN PIE FILLER E D Smith, oz BEEF FLAVORED DOG FOOD Top-Choice 72oz netwt DAD'S CHOCOLATE COOKIES 24 oz netwt Variety Pack DISHWASHER ALL Detergent, 35 oz netwt PAMPERS Daytime Disposable Diapers 30's VASELINE Intensive Care Lotion oz 69' 69' 129 991 for 69' ]00 59' 929 1" 929 129 Wieners llb.wtwt.................... W Slice and Fry 11b. net wt. package Sausage Meat Margarine CQc Village.lib.nttwt................ VV Rnft.4MrietiM.8o2. nelwt. FROZEN FOODS Coffee Rich 9-fiQc RICHSttfl.oz...............aVftVV 59' Strawberries West Vile Oioice. 15 wt. Mixed Veg. Boiwybrook. 2 Ib. not wt..... Kernel Corn QQc Fnter Vile Whole. 2 Ib. nil wt........ VW SUPPORTYOUR LOCAL INDIPINDINT MIHALIK'S finest Quality Moats Cut to Your Requirements 642 13th Street North FREE City On Large STORE HOURS: Monday, Tuaaday, WcdrtMday and Saturday 9 a ni. to 9 p.m. Thursday and Friday 9 a.m. to p m. Phone 328-5742 marketing vice-president for Atlantic Sugar Refineries Co. Ltd., admitted his company showed a profit during those years although it absorbed freight rates not paid by its competitors "But profit in the sugar in- dustry is often made in speculation on world sugar Mr. Burgess told Mr. Justice Kenneth Mackay of Court of Queen's Bench. He said knowledge of price changes by Redpath In- dustries Ltd Canada's national pricesetter, were not gained by espionage, although "we did get information through espionage on other matters." Redpath, St. Lawrence Sugar Ltd. and its associated SLSR Holdings Ltd., are charged jointly with Atlantic Mr Burgess said others in the industry, such as brokers and shippers, would inform them of competitors' plans to change production levels or when a new company planned to begin operations But information on price changes by Redpath, to which Atlantic tried to tie its price, were received from customers, brokers or the voting Mormon Church tocai telegraph office leader warns BYU students PROVO, Utah (CP) Mormon church leader and former U.S. agriculture secretary Ezra Taft Benson told Brigham Young Universi- ty students Tuesday "there is certain music heard and art seen and clothes worn on this campus that must pass away Elder Benson also warned against criticizing church leaders and against "current false theories and philosophies of men, including socialism, humanism, organic evolution and others." He said the school eventually would rely more on church books He said changes at church owned BYU would not be because of changing styles but "because our standards will be improved." Elder Benson is president of the Church of Jesus Christ of Latter-day Saints' Mormon Council of the Twelve and next in the traditional line to the presidency of the 3.3 million member church. Both Mr Burgess and a later witness, Murray McEwan, 45, sales manager of St Lawrence, said the local telegraph office would sometimes phone to say Red- path had increased prices. St Lawrence and Atlantic usually would tell the office to issue telegrams to customers announcing a corresponding change, they said EDMONTON (CP) Alderman Ed Leger told a judicial inquiry into conduct of civic matters Tuesday that he took part in deliberations ?nd voted at least three times on matters affecting a historical area containing a 20-suite apartment owned by a company of which he is major shareholder He declared ownership of the building in a recent state- ment of holdings filed with the city clerk The building is located in the old Strathcona heritage conservation area which recently came under city control. Aid Leger said he sought advice from his lawyer before voting and was advised he was not in conflict of interest because establishment of a heritage protection area would not affect the property value Pot can get you busted BOSTON (AP) Men may develop feminine breasts from heavy marijuana smoking, say two Harvard Medical School surgeons. The surgeons said they are treating and studying 16 men whose breast enlargement apparently is related to smoking marijuana They said it probably affects both sexes "This effect seems to occur in only a small percentage of peo- ple who use the said Dr. John Harmon, chief surgical resident at New England Deaconess Hospital, and Dr. Menelaos Aliapoulios, a surgeon at Cambridge Hospital "So, if a woman smoked marijuana, even heavily, she might have one chance in 100, say, of increasing her breast they said The surgeons said the 16 men in the study are between 18 and 30 years old and smoke marijuana at least three times a week. Some smoked it daily They said they have produced the same results in research on male rats by injecting them with THC, the psychoactive ingredient in marijuana. JOSEPH HAIR STYLES 922-5th Ave. N. JOE DUNCAN ROSE ANN ZIGLI MAXINE N HAS DOUBLED ITS PREVIOUS SIZE and INCREASED THEIR STAFF TO GIVE YOU BETTER MODERNIZED SURROUNDINGS AND BETTER SERVICE GLORIA HUTTON RECEPTIOIIIST 328-7366 MAKE YOUR HOLIDAY APPOINTMENT NOW FAYE DIANNE SCHAUFERT YVONNE (RALPH) NEILSON MARY LYNN VAN HELL ;