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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 20, 1973, Lethbridge, Alberta jobs at stake Alberta offered slice of Sask. steel company EDMONTON The Alberta government has been given an option to purchase a 20-per-cent interest in Interprovincial Steel and Pipe Ltd. of Industry Minister Fred Peacock said Wednesdav. The which the Alberta government must ex- ercise within the next 120 would cost the province about million and would provide an avenue to develop the Peace River iron deposits in northwestern the minister said. If the option is the shares will be held by an investment holding company to be established by the provincial government. The 20-per-cent interest would make Alberta an equal partner with the Sask- atchewan government which acquired a similar share of 1PSCO last summer. EXPANSION PROGRAM IPSCO agreed it will under- through an expansion to equalize employ- ment in steel and related in- dustries in the two provinces as soon as commercially possible or at least within the next five years. Mr. Peacock said the expan- sion should provide an ad- They gave Lethbridge ......1.00 Lethbridge 1.00 Anonymous 100 Coaldale 2 00 Mrs. Mabel Erickson. Pincher Creek....... 2 00 H Lethbridge 3 00 Mrs H Lethbridge 3 00 Ghaka and Rajoo B C...............3.00 Mrs. Welsh. Lundbreck ........3.00 A Ridgeview Lodge. Raymond.........3.00 Mrs. V Henderson. Lethbridge 5 00 R Lethbridge ..500 Old Age Lethbridge 5 00 H Lethbridge 5 00 Lethbridge.......5.00 Gayle. Tern and Robbie LetFibndge .........5.00 Nee Lethbridge 5.00 Michele Forestell and Alenka Lethbridge 5 00 Lethbridge 5 00 Charlie............5 00 Lethbridge........5 00 Anonymous. Raymond......5.00 Rettie Turin 5.00 Steve Foremost 5 00 Mr and Mrs Bruno and Josephine Coleman 5 00 Magrath 5 00 Ladies Auxiliary. Royal Canadian Legion No. Bellevue..... 5 00 Katherine Blairmore 5.00 The Raymond 5.00 Nicholas C Brunsdale Raymond 5 00 Pincher Creek 5 00 Melanie Lethbridge 6 00 Saphire and Glen Fort Macleod........ 6 00 Mrs. Evelyn Lethbndge 10 00 F G Lethbridge..... 10.00 Alan and Russell and Murray Lethbridge 10 00 Mrs A Lethbridge 10 00 In memory of a dear husband and Fred Harding 10.00 Mr and Mrs. A. C. Lethbridge ............10.00 Shanghai Chop Lethbridge 10.00 R. Lethbridge 10.00 Ruth Lethbridge 10 00 Rosa Lethbridge 10.00 Alberta Environment Design and Construction Lethbridge................... 10.00 Anonymous. Lethbridge...... 10.00 Barbara and Marianne 10.00 Lethbridge 10.00 Chen Lethbridge 10.00 Mrs. Sophia Lethbridge 10.00 Milk River 10 00 Herman Picture Butte Arne and Magrete Taber 10.00 A Milk River ........10.00 Hazel and Glenn Blair- more 10.00 Thomas Pincher Creek 10.00 Bill Milk River 10 00 B Virginia Coutts 10 00 Anonymous. Lethbridge 15 00 Lethbridge.......20.00 L F Lethbridge......25.00 Residents of Golden Acres Lethbndge 25.00 Thomas Lethbridge 25 00 James Coaldale 25 00 Birch Taber.......25.00 Grade Seven. St. Michael's Pincher Creek ..............25.00 Lethbridge.......30.00 General Paint Corp of Canada Vancouver B C .....35.00 Mr. and Mrs Bruce Lethbridge............ 50 00 Family Broxburn 5000 Miami Hutlenan New Dayton .............50 00 Lethbridge...... 400.00 Total Total To Date GENERAL FARM Presents The Weather SUNRISE FRIDAY SUNSET H Lethbridge...... 37 Medicine Hat 34 Pincher Creek... 37 Grande Prairie 11 Edmonton 20 Banff..... 21 Calgary....... 46 Victoria 51 Prince Rupert... 51 Penticton .....43 Kam loops 39 Vancouver...... 47 Saskatoon.......11 Regma 6 Winnipeg 3 Toronto. 17 Ottawa.......6 39 18 32 14 54 34 Montreal 11 6 St John's....... 51 16 Halifax 25 18 Charlottetown 19 12 Fredericton___ 18 8 Chicago 27 25 New York 25 22 Miami 77 73 Washington 35 31 Los Angeles 75 51 San Francisco 54 48 Denver.........24 -2 Las Vegas.....58 32 Phoenix 70 43 Honolulu 80 65 L Pre Athens ......59 45 29 Rome.........59 48 22 Paris........... 52 41 28 London......... 50 45 0 Berlin......... 32 25 9 Amsterdam..... 46 34 18 Madrid......... 50 31 Moscow 30 43 06 Stockholm 40 .24 Tokyo 39 35 Lethbridge Calgary 43 .19 Chinook cloudiness -3 Strong west winds 25 gusting -4 to 50 near the mountains. -17 Highs 45-50. Variable 11 .29 cloudiness. Highs 45-50. 3 .14 Medicine Hat 6 17 Mainly cloudy. Winds W20 gusting to 30. Highs 40-45. Lows near 25. Cloudy highs 40-45. Columbia Kootenay Region .07 Today and Friday cloudy with occasional snow sometimes mixed with rain in western sections. Mild. Winds at times fresh southerly on Friday. Highs today and mid 30s. Lows tonight 25 to 30 ditional jobs in Alberta. Currently Saskatchewan IPSCO employees outnumber those living in Alberta by about a four-to-one ratio. IPSCO acquired a plant at Edmonton this year when it purchased Canadian Phoenix Steel and Pipe Ltd.'s local plant from a German steel- making company. Mr. Peacock estimated the cost of the steel-making ex- pansion would be about million and would probably proceed in three or four years if Alberta picks up its option for the interest in IPSCO. He said Alberta's decision to take the option depends on making suitable arrange- ments to study the develop- ment of the Peace River iron deposits If it was feasible to use the Peace River an integrated steel-making operation would be started in northwestern Mr Peacock said. He would not say whether Grande Prairie or the town of Peace River had been selected for the plant site. EXCHANGE DEAL If it was not initially possi- ble to use the Peace River iron some arrangements might be made to import iron ore from a foreign source in exchange for Alberta coal and sulphur. The minister suggested South America as one possible ore source. The agreement would give Alberta. Saskatchewan and Slater Steel Industries of an equal share in 60 per cent of the IPSCO stock. The remaining stock is held by the public. Mr. Peacock said IPSCO achieved record sales of million in its latest operating year and is a world leader in pipe-making technology. The company with plants in Ed- Regina and Van- produces pipe ranging in size from one-half inch to 80 inches in diameter for the oil and natural gas as well as sheet and plate steel for manufacturing. Alberta currently imports up to 70 per cent of the steel it consumes. Mr. Peacock said. The agreement with IPSCO would be a step towards mak- ing Alberta self-sufficient in steel and would help diversify the province's economy. CURRENCY CONTROLS TOKYO The Imance ministry Monday reimposed controls on foreign currency purchases by Japanese tourists going abroad as one of a series of measures aimed at reversing the country's alarming balance of payments deficits. The ministry also tightened a limitation on remittances of personal funds from partially curtailed a special foreign currency lending program and cleared the way tor foreigners to freely buy yen with other currencies and hold it in Japan. We will be closed CLOSED from Dec. 22nd thru Dec. 30th for Stock taking To all our friends and our many customers we extend best wishes for a Merry Christmas and a Prosperous New Year. from the Management and Staff at FARM SUPPLIES Coutts Highway-Box 1202 Phone 328-1 141 J Highway 1 reported bare and dry. Widening of one mile sec- tion of Highway No. 3 east of Port Macleod is in progress. All remaining highways are in good driving condition. PORTS OF ENTRY and Closing Carway 9 a.m. to 6 Chief Mountain Coutts 24 Del Bonita S a.m. to 6 Kingsgate 24 Porthill-Rykerts 8 a m to Wild Horse8 a.m. to5 RoosevilleSa.m. ._____I Ervin quits Senator Sam chairman of the Senate Watergate an- nounced Wednesday that he will not seek re- election in 1974. who got his first taste of national fame this year as leader of the Senate's Watergate said intellectual honesty compelled him to con- front the reality of his age. World wheatl supplies in danger LONDON The huge rise in oil costs is endangering world wheat says the International Wheat Council. In for oil required for cargo ships soared to a ton in December from a ton last the council said in a report Wednesday. In the Persian ship oil costs jumped to a ton from last August. Even so. supplies were not always available. The Arab oil squeeze not only is affecting wheat shipments but also other com- modities. Because oil is a prime ingredient of a shortage of fertilizers may soon the council said. MAINTAINS RELATIONS Canada maintains diplomatic relations with almost all independent African nations. Wages take beating in inflation battle OTTAWA About four million workers caught up a bit in October on Canada's steepest inflation in 22 but their average paycheques still brought less than last year for the fourth consecutive month. Statistics Canada reported Wednesday that average weekly pay rose to in October. The government agency does not officially calculate purchasing power of the average real value after deduction for an unofficial calculation showed buying power up 68 cents a week from September. purchasing power was 39 less than in October of last according to the unofficial figuring. Statistics Canada officials agree on the accuracy of the formula that shows a decline in buying power since last July. Purchasing power of the average wage hit a low point last July. a week behind buying power of 1972. While the trend it showed a gradual easing to in in September and in Oc- tober as wage increases made up lor some of the loss. FALLS BEHIND Although the average wage rose weekly from Octo- 1972. to the increase has not been enough to keep up with sharply rising living costs that stood in Oc- tober 9.3 per cent above a year earlier. Statistics Canada's Tigures on average wages cover insurance and real es- tate industries. In a provincial Statistics Canada said the average weekly wage in Oc- tober in Newfoundland was up 13 cents a week from September and up from a year Prince Edward Island down 96 cents for the month and up over the Nova Scotia up 34 cents for the month and up for the New Brunswick up for the month and up for the Quebec up for the month and up over the Ontario up for the month and up for the Manitoba up for the month and up for the Saskatchewan up for the month and up over the Alberta up for the month and up for the British Columbia up for the month and up for the year Statistics Canada does not publish provincial consumer price so it is not pos- sible to calculate purchasing power of workers' wages by province. Appointment HAZEL PRATT Mr. Art owner and manager of Subway Real- ty wishes to announce the appointment of Hazel Pratt as sales represent- ative of Subway Realty- located north of Subway 120C North Mayor Mag- rath Drive adjacent to Sof Spra Car Wash. Hazel invites her many friends and customers to call her in regards to any real estate needs. THERE'S NOTHING LIKE A DROPOV Now available throughout Alberta. Oecember 20. 1973 THE IETHBRIDQE HERALD 3 Wo o I wo r tl Pre-Christmas Clearance WHILE QUANTITIES LAST POCKET RADIO Ideal Christmas gift. 4 QQ SWISS MOVEMENT WATCHES OO Mens and ladies. 1 yr. guarantee....... 4.96 bioKfAL CLOCK RADIO 90 day guarantee. MICKEY MOUSE WATCHES 90 day guarantee. I I RALLY RACER CAR Made of sturdy plastic................. STRAUSS AM TABLE RADIO 9.99 BUCKET BALL For 1-4 players. Complete with 28 balls. 8.88 2.99 90 day guarantee. PHOTO ALBUMS Can be added to..... 1.88 HOCKEY GAME Includes SVz' x 7' put together arena 4 sticks and 4 QQ 2 goals.................. MOTORCYCLE A RACING SET Includes 4 and automatic lap counter.................................. TRACTOR TRIKE Ideal for your little ones. RIDE ANIMALS Assorted animals made of sturdy plastic............ 7.87 BING BANG BONG A game for ages 6 and up. COLORING BOOKS 384 pages................ -_ lull 88 TALKING DOLLS pun nRFKK' DHK Raggedy Ann or O QQ WIUMIUId UtWV Q QC Raggedy Andy Ideal Christmas gift....... WiWW BABY SOFTTOUCH Looks and feels like a real baby. 466 CHIP 'N DIP SET 3 pee. set. Avocado and Gold............ Sadler TEA POTT CREAM 2QQ English made. C QQ Assorted TOASTER 2 slice toaster. 1 yr. guarantee. DISK SET 20 pee. setting. Assorted patterns. 10.88 14.99 TOASTESS FRYING PAN 2yr. guarantee. COFFEE SET 10 pee. set. Avocado and Gold. 12.88 8.88 BOXED LAMP SET Assorted styles and 0. I TOWEL SET 3 pee. set. Assorted patterns and colors. BABY COMFORTER Fortrel and polyester fiber filled.............. LADIES' PANT TOP polyester Sizes 10-18........... 2 5 5.96 LADIES' SLIPPERS Assorted colors and sizes aOf INFANTS' DIAPER SET aery lie. Sizes mos...... LADIES' TURTIBECK PULLOVER O7 nylon. Assorted colors. 7.66 LADIES' iSHORT DUSTER nylon. Sizes S.M.L. LAMES'PANTS polyester.. Sizes 10-18..... 6.99 UUNES' BOOT SOCK Assorted colors. 1 size 9-11..... CHRISTMAS WRAP 5 rolls per package Q7C package................ PANTY HOSE Ideal stocking stuffer. 1.00 Sizes S.M.L.............. 1 aDO Brown........ Open Thurs. and Fri. until 9 P.M. 99 ;