Lethbridge Herald, The (Newspaper) - December 28, 1974, Lethbridge, Alberta
28 THE LETHSRIDGE HERALD Saturday, December 28, 1974 Airlines expect new low for passenger, cargo GENEVA (AP) The air transport industry, hard hit by exploding fuel prices and per- sonnel costs reported today it expects the 1974 growth rate for passenger and cargo traf- fic to be the lowest ever Knut Hammarskjoeld, director general of the Inter- national Air Transport Association (IATA) said scheduled passenger traffic in 1974 was forecast to be up by only turee per cent The average annual growth for the decade until 1973 had been 13 per cent Blaming inflation and eco- nomic uncertainty, he reported cargo traffic probably increased by six per cent compared with a previous growth rate of about 20 per cent Charter traffic by association carriers was down 13 per cent In his year-end statement, Hammarskjoeld expressed guarded optimism about future prospects, saying, hopefully economic pressures in 1975 will be less intense and considerably more predictable The very fact that air car- riers have been able to weather the global economic storm without a complete collapse is in itself a sign of the industry's inherent he said Quadrupling of fuel prices and soaring wages could not be covered even by drastic fare increases, he said With most scheduled and charter carriers likely to have run up deficits, he said, Financial results for 1974 point to an in dustry operating loss in the area of three per cent, before taxes and interest on capital 1970 1971 1972 1973 1974 1975 Thousand Starts HOUSING S ARTS rrrrrrrrr rrrrrrrrTr r F t r rrrn Est Sugar price increases help U.S. trade balance 00 120 140 160 180 200 220 240 260 280 WASHINGTON (AP) A record level of new claims for unemployment benefits drove the United States government's indicator of future trends in the economy down for the fourth consecutive month in November the commerce department said Friday And at the same time, the commerce department reported that higher sugar prices helped put the U S trade balance back to the negative side of the ledger after one month of advance The United States imports much of its sugar The over all decline in the Index of Leading Indicators, designed to foreshadow future trends in the economy, was 1 5 per cent in November That made the drop 7 3 per cent since July the steepest decline since a nine per cent drop from December, Oil price hike requested a Housing down Housing construction is in a slump. The industry started construction on about housing units m 1974, the worst year since 1970. Predictions are that the total for 1975 will not exceed units Fewer homes being built means fewer purchases of furniture and appliances. Mortgage rates will likely move lower during 1975 but not by much because of an anticipated high inflation rate Saskatchewan livestock returns in '75 to drop Investment firm suggests purchase of gold shares OTTAWA (CP) Oil com- panies are seeking increases of up to one cent a gallon on petroleum products effective next Wednesday, industry sources said Friday In reply to a questionnaire from the federal energy department, the companies' estimates of increases needed on gasoline and heating fuel ranged between a half-cent and a cent a gallon Government officials were not available for comment, but one industry spokesman said Ottawa was sympathetic to the request 1948, through April, 1949 The index, which reflects developments in a dozen facets of the economy, in- dicated that shorter work weeks, higher unemployment, reduced business spending for productive expansion and slower activity in the building industry lie ahead CLAIMS INCREASE The number of new claims for unemployment benefits shot up 12 per cent during the month to a total of surpassing the record of 000 set in April, 1958 It was the sixth straight month of advance for the new claims figure, which moves in advance of the unemployment statistics released later in the month by the labor department REGINA (CP) Returns to the Saskatchewan livestock industry will drop by as much as 86 5 million in 1975 because of an increase in freight rates for meat and livestock says Agriculture Minister John Messer He was commenting on a re- cent announcement that freight rates on dressed meats shipped from western Canada to eastern Canada would be increased bv about JO per cent on Jan 1 1975 Under the new rates, the cost of shipping finished beef from Saskatoon to Montreal will increase from to S4 56 per hundredweight this will result in a total loss of about 4 million to Saskatchewan beef producers next vear A similar situation exists for hogs where a loss of SI 25 million was forecast, the minister The rate of increase on dressed meats will further aggravate the discriminatory freight rates structure since it will become relatively more profitable for eastern Cana- dian livestock feeders to purchase calves and feed grains from western Canada than for western livestock feeders to feed animals here and ship car- casses east he said in a prepared release Mr Messer noted that freight rates on feed grains moving from Thunder Bay Ont to points eastward would remain unchanged He said eastern bujers of feed grains would continue to receive subsidies under the feed freight assistance By THE CANADIAN PRESS A Toronto investment firm is recommending, with some qualifications purchase of gold shares Moss- Lawson and Co Ltd savs that the recent an- nouncement by the United States government that it will auction two million ounces of gold in January has not de- terred gold speculators and inv estors Although prices dropped im- mediately after that an nouncement both gold and gold shares have recovered Moss Lawson says its in- vestment strategy has gener program in an obvious ally favored gold stocks but Try Before You 8uy UP TO 30-DAY TRIAL ON YOUR DOCTORS RECOMMENDATION SMITH-JONES HEARING AID SERVICE RIPLEY OPTICAL 61 8 3rd A ve S Phone 328 5447 manoeuvre to force western producers to continue to be suppliers of calves and feed grains for the eastern Cana- dian livestock feeding in dustry CUT FOREIGN WORKERS BONN (Reuter) The West German government plans to cut the foreign labor force in that country by about 40 per cent Finance Minister Hans Apel said Wednesday He said about one million of the 2 4 million foreigners now working in industry here would be affected with the qualification that they are not suitable for in- vestment accounts and should be bought only with specula- tive funds Gold shares tend to be v ?l atile in terms of price changes and carry the added hazard that these periods of rapid price changes are often ac compamed by temporary h Three-day week for auto plant CORRECTION! PHOTO FINISHING From the Mon., Dec. 22nd Ad Should Have Read KM, KR 135 or 126 20 P 3.99 KM, KR135.36P 4.99 LONDON (AP) Chrysler United Kingdom Ltd said to- dav that for the last three weeks of January more than 5 000 of the 7 000 workers at its auto plant in Lmwood, Scotland will be put on a three day week The company, a subsidiary of Chrysler Corp of the United States said the move was prompted by the slump in the British auto market A spokesman the com pan> will be reviewing the situation at its Coventry plants next week Chrysler employs about 28 000 in Britain Have you got it? When you file a claim for benefit with the Unemployment Insurance Commission your appli- cation should be accompanied by a RECORD OF EMPLOYMENT. You need it! Without it we cannot process your claim. It tells us how long you have been working, what your insured earnings are and why the RECORD was issued If you have any difficulty obtaining your RECORD OF EMPLOYMENT, file your claim and advise us of the problem. We can help Unemployment insurance Assurance-chomage Canada Canada quid markets The firm is advising pur chase in anticipation of high earnings announcements in the New Year and a possible bullion price surge in January as American citizens become important, if not dominant, potential buyers of bullion If the move is towards gold with competitive bidding at higher prices, the benefits to gold producers could be offset by a preference by investors for real metal rather than stocks There is a possibility that The effect of U S buying is such a switch could bung difficult to assess Moss, Law- swelling pressure on Cana son says dian gold stocks H. H. Smith Ltd. Customs Broker .GUY PHONE 263 8050 Lelhbndgt Phong 328 814! PHONE Xmgsgjte 604 424 5458 COUTTS Home Office Phone 344-3822 Sears Color TV Winner Mr Dale Kennedy Merchandise Manager proudly presents Mr Phil Ross of Lethbridge with a New 20 Color Portable TV from Sears Mr Ross was the winner of the TV set drawn for Tuesday morning during the Free TV Give-Away Sears way of saying Merry Christmas to Mr Ross THE Sunday Crossword 'f'-.raerlj the New York Herald Tribune Crossword Edited by Robert B Gillespie Crossword BRIGHT SAYINGS By Tap Osborn ACROSS 1 Shows delight 6 Fight 11 -of Gibraltar 17 Melt 21 Before 22 Sky comb form 23 Sly 24 Robust 25 Wage scare was a color phobia' 27 False leads commies of the deep? 29 Picnic souvenir 30 Toot 31 Map m map 32 Snoop 33 Hawser 34 Shred 35 Money handlers 37 Quite 38 Fit 39 Nonsensical 40 Second edition 44 Awarded to Aphrodite 47 Beachwear 50 Familiarize 51 Benedetto 52 Eleve s milieu 53 Turned tail 54 Bills 55 Deadly sin 56 Dorsey classic 57 Made plumb 58 Petitions 59 Celebes ox 60 Indian nut 61 Miami star 62 Fiber knots 63 Row houses 66 Lubrication expert 67 I left my heart m 69 Projection 70 Thorns 71 Ignored 73 Casablan ca name 75 Entrees 78 Naughty feline lost it 79 Drudgery 80 Sorry one 81 Cinch 82 Fire aftermath 83 Boat or tram 84 Determined 86 Bellow s March 97 Fate but it s not nice 98 River nymph 101 Wrap 103 Gloat 104 Milkshake 108 Part of EAR 109 Greenhouse Fr 110 Government report 112 Twenties dance 87 Jeane Dixon 115 Relative of is one 88 Tube 89 voce 90 Garment part 91 Noel or Winston 92 Revere paint AP 94 Fuzzy 95 Cutter 96 B.oz Roaring Twenties 116 Learning 117 Heart smitten 118 Enrol 119 Sweater size 120 Pitcher 121 Oklahomdn 122 Suspicious 123 Carried DOWN 1 time (installment plan) 2 Madrid month 3 Globe holde 4 Pooh creator 5 Trudge 6 Back up 7 Spine tingling 8 Peep show 9 Blue dye 10 Office seeker for short 11 Line 12 Helen of soap opera 13 Crest 14 Hurt 15 D D E 16 Norse God 17 Barely 18 Medieval guild 19 Horatio 20 Bridge seats 26 If it for you 28 Moon valley 30 Newlywed 34 Ravine 35 Soprano guitar 36 She Fr 37 Like a grape arbor 38 Grime 39 Overindulge 40 holiday 41 Jagged 42 Sellers film dts sight 43 Ankaras 44 Distress sound 45 Picks up 46 Vast spreads 47 Bessie Smith for one 48 Peewee 49 Summer in a way 51 Pagliacci for one 53 Tuck or clubman 55 Hairnet 56 Krishna 57 Trick s partner 59 Richard or Michael 60 Filleted lucubrated 17 X 17, Alice D Vaughan 1 Byway 5 Gossips 9 Chills and fever 10 Century plant 11 Seasoning 13 Cambridge Univ 15 Concur 16 Mediterran nean isl 19 Dull color ACROSS 20 Lamprey 21 School vehicle 23 Narcotic producing cactus 26 Aces 29 Arterial coat 30 Goniia for one 33 Kind of seller 34 Ditch of a sort 35 Fiery seasoning 38 Noun suffix 39 To be Fr 40 Fruit seasoning 41 Perished 42 Crimson 43 Converse 44 Finishes 46 Fool 47 Confederate soldiers coll 48 Halt 49 Metric land units 51 Cape 54 Merganser 55 Shade tree 58 Consider 60 Loam or clay 61 Sect 63 Brews 61 Actor athlete Roosevelt 63 Eases 64 Go getter 65 bopper 66 Deadly sin 68 Audience for 10 D 70 Hauptman 65 Chilly 67 Harangue. 68 A grandma 69 Unties 71 Ubiquitous seasoning 73 Passion 74 Leg joint DOWN 1 Concordat 2 In the past 3 Ubiquitous fish 4 Shrub 5 Dromedary 6 To shelter 71 UConns neighbor 72 Japanese Americans 73 Mark 74 Beauty to Keats 76 Ingenuous Or dumb 77 Velocity 79 Lefty or budding 81 Litigant 83 Hayworth role 84 Pierre s night club 85 Premmger 86 Caustic 88 Drum roll 89 A Funt command 90 Retarded 92 Vamp s walk 93 Enraged one 94 Shoe shop 95 Pick me up 97 Sulky man 7 Symbol ot 22 Seasonings 31 Glib heaviness 23 Aper 32 Serfs 8 24 Exist 36 Melville 12 Anger 25 Parts ot hero 13 Picnic locks 37 Penny seasoning 26 London 43 Personnel 14 Rouse airport or team 17 Lessened 27 That man 45 Raced 18 Balkan 28 Wheelless 49 Friend in nation vehicles Spain 19 Signify 30 Borders on 50 Condiment 98 Expensive skin 99 Permit 100 Dm 101 Anya 102 Store 103 Slide 104 Island off China 105 Split 52 Table rapping session 53 Biblical word 54 Aria 55 Sin 56 Meadow 106 Shelf 107 Cornered 109 French D Daytov 110 Fade 111 Skin 113 Encore1 114 Yoko 115 Tormeor Ott 60 Sodium chloride 61 Price 62 52 cards 64 Tree juice 66 Sandra or Ruby 68 Consumed 57 Encountered 70 Symbol 59 Bill of for sodium fare 72 Article SOLUTIONS OF LAST WEEK'S PUZZLES 4. CRYPTOGRAMS SYC TIOCN ULHDUVC YUP ENHUV UP TMP PMXXCNUVD XNIL TCPS ZHD -B> India M Spe FSG FHFFE SESI NSMU FHFFSGB IJKT GVSKN GVKYL JY UMNLS BGMLS -By Earl Ireh UNfiOCWF BET SNOOPY CLD SNF LUWV VI OVVY OTNBPD -By Barbara J Ri FLEEBAG' BUU FLELGOANG LEN DOYN1 ILDDNU FBDDZ AOIYG -By Wilson I Last Week's Cryptograms j 1974 by Chicago Tribune N Y News Synd Inc World Rights Reserved 1 Youth has energy and needs wisom, maturity has wisdom and needs enei 2 Gossipy elevator operator spends livelong day passing stories 3 Some real dumb plumbei used a plum as a plumb bob 4. Light-fingered thief fumbles and turns "all thumbs."