The Lethbridge Herald (Newspaper) - January 19, 1974, Lethbridge, Alberta
Saturday. January It, 1974 THE LETHBRIDOE HERALD 3 Oil crisis may stimulate Canadian economy By BRUCE LEVETT WASHINGTON (CP) The world oil crisis, in an indirect way. may have a stimulating effect on the Canadian econ- omy, a report produced here says. The report is the result of a survey by EMB Ltd., a private firm of research economists, prepared for its clients. "If the oil shortage results in a recession in the United States, it would inevitably hold back production in the report says. "To a lesser extent, this could also happen if Europe and Japan were to have an energy-induced recession. "Nevertheless, if the U.S. somehow meets -its energy needs, Canada would not be seriously affected by the oil crisis. In fact. Canada might find its economy stimulated by replacing imports with domestic production and by exporting goods that other industrial countries are unable to supply." The report, entitled Canada's Regional Economies and the Oil Crisis, says that "from a national point of view, Canada has a well-balanced position not only in oil but in other energy sources, with domestic production about equal to con- sumption." The embargo on oil exports to the U.S. will result in reduc- ing output and income in the U.S., Canada's principal trading partner, the report says. "Obviously, with 70 per cent of its exports and imports in trade with the U.S., Canada will be very much affected by the response of the U.S. economy to the oil crisis. The effect on Canada may be particularly acute if the energy-induced recession should limit the availability of key and restrict the market for key exports such as automobiles. "The best hope is that the U.S. will find ways to minimize the impact of the oil crisis on output and income. If the oil crisis in the other large industrial countries were to affect the Canadian economy solely through the re- duction of exports output would perhaps grow by one per cent less in 1974 than it otherwise would, say, about half of the impact on U.S. output. "It is conceivable, however, that because of the indirect effect on world markets for other basic commodities, prices oi Canadian exports will be higher than they would otherwise have been. If the capacity of other countries to export to Canada is adversely affected, that may be offset in part by domestic production. Pregnant woman jailed EDMONTON (CP) A Calgary woman, expecting a child 'in early April, was sentenced to a four-month jail term Friday. Mr. Justice M. E. Manning imposed the sentence on 19- year-old Patricia Ann Carleton, who pleaded guilty Dec. 17 to charges of posses- sion of MDA and hashish for the purpose of trafficking. Crown prosecutor Gib Clark of Calgary recommended the short jail term, saying he ex- pected the woman would be released on parole as soon as the child is born. Court had been told Mrs. Carleton was arrested when police saw her moving from table to table in a Calgary tavern. Turner urges nations to swallow price rise OTTAWA (CP) Finance Minister John Turner told the International Monetary Fund (IMF) Friday that rising oil prices threaten to push con- suming countries into predatory trade practices and deflationary domestic policies. He said many countries will find it hard to resist dampen- ing demand in their economies as a means of reducing the inflationary im- pact of oil-price increases. "In the face of such inflation, expansionary policy will be thought to be wrong. In fact, the oil price rise will have to be swallowed. There is no sense in aggravating the situation by letting produc- tion fall off and unemploy- ment rise." The text of his speech to the IMF committee of 20 meeting in Rome was released by the finance department in Ot- tawa. "It should be a canon of good international conduct to use fiscal and monetary policy to maintain domestic demand in oil importing countries. "The temptation, however, will be to try to increase for- eign demand by currency depreciation and other predatory measures." GENERAL FARM Presents The Weather SUNRISE SUNDAY SUNSET H L Pre Lethbridge...... 45 35 Medicine Hat 45 38 Ptacher Creek... 45 37 Gfartde Prairie 21 4 Banff........... 33 28 Calgary......... 39 20 Victoria 5 40 Prince Rupert... 42 31 .55 Penticton....... 45 40 .15 Kamloops....... 47 36 .04 Vancouver...... 50 40 .48 Saskatoon....... 31 21 Regina......... 23 14 Winnipeg.......20 -5 Toronto......... 21 13 .03 Ottawa........ -1 -4 .16 Montreal 1 -3 .15 St. John's....... 17 7 .04 Halifax......... 17 7 .04 Chicago 39 34 York 23 20 .04 Washington..... 43 37 .02 Miami.......... 78 67 Los Angeles..... 70 55 San Francisco 61 54 .9 Las Vegas...... 55 39 Phoenix 72 45 Denver......... 41 23 Rome.......... 54 34 Paris........... 50 47 London......... 54 46 Berlin.......... 48 45 Lethbridge Clear with westerly winds gusting to 40 along foothills, lows near 25 above, mostly sunny Sunday, highs near 35. Medicine Hat Mostly sunny today and Sunday, winds W20 and gusty, lows near 20 above. Highs near 35. Calgary Clear tonight, winds light, lows near 15 above, mostly sunny Sunday, highs near 30. Columbia-Kootenay Cloudy today and Sunday with sunny periods, a few snowflurries over the rockies. Highs today 35 to 40, lows tonight 20 to 25. Highs Sunday 30 to 35. MONTANA East of Continental Divide Cooler with gusty westerly winds diminishing today. Variable cloudiness and colder tonight and Sunday. Scattered showers mostly mountains both days. Highs today 35 to 45. Lows tonight 10 to 20. Highs Sunday 25 to 35. West of Continental Divide Scattered showers and cooler today and Sunday. Highs today 30s. Lows tonight 15 to 25. Highs Sunday 25 to 35. RENN-CUPIT GRAIN ROLLERS fEEOING PROFITS 10% DUST FREE ROLLED GRAIN LESS DIGESTING TROUBLES LESS WASTE IN HANDLING LOWER PROCESSING COST AVAILABLE NOW AT GENERAL FARM SUPPLIES Coutts Highway, Box 1202 Phone 328-1161 AMA road report as of Jan 19, 8 a.m. Highway 3 east Lethbridge to Medicine Hat, generally bare and wet with some sec- tions of glare ice. Highway 3 west Lethbridge to Fort Macleod and B.C. boundary, generally bare and wet with occasional icy sec- tions through the towns in the Crowsnest Pass. Highway 4 Lethbridge to Coutts, mainly bare and dry. Highway 5 Lethbridge to Cardston and Waterton generally bare with oc- casional slippery sections. Highway 6 Pincher Creek to Waterton, mainly bare with occasional slippery sections. Highway 2 north, Fort Macleod to Calgary and Ed- monton, generally bare and set With some slippery sec- tions. Highway 2 south, Fort Macleod to Cardston and CafWay, mainly bare and dry with occasional icy sections. Highway 23 Junction Highway 3 to Vulcan and High River, mostly bare with oc- casional slippery sections due to rising frost. Highway 36 Taber to Brooks, generally bare and wet. Highway 1 Trans-Canada east, Calgary to Medicine Hat and Swift Current, mostly bare with rising frost causing occasional slippery sections. Highway 1 Trans-Canada west, Calgary to Banff, Rogers Pass and Revelstoke. Calgary to Banff is mostly bare with occasional sections of black ice. Plowing and sanding is in progress. Banff- Golden, three inches of new snow and plowing is being done on slippery sections. Banff-Radium, skiff of snow with plowing and sanding in progress. Golden to Revelstoke, eight inches of new snow and it is now snow- ing with plowing and sanding in progress on slippery sec- tions. Banff-Jasper is still closed until further notice. Ports of entry: Times in Mountain Standard Time (Alber- opening and closing times. Carway 8 a.m. to 5 p.m.; Chief Momitsin closed; Coutts open 24 hours; Del Bonita 8 a.m. to S p.m.; Kingsgate open 24 hours; Porthill-Rykerls 7a.m. until 11 p.m.; WiM Horse 7 a.m. to 4 p.m.; Rooseville 7 a.m. to 11 p.m. Logan Pass. (Canada Cntomt honn moved one iMwr earlier JM. I when Montana went on daylight time.) Propane prices adjusted Winnipeg EDMONTON (CP) Alberta propane distributors have compiled with a govern- ment request to adjust retail prices and as of Monday con- sumers will be paying an average maximum of 21 cents a gallon, Utilities Minister Roy Farran said Friday. The retail prices have been adjusted in accordance with a voluntary rollback by producers to the wholesale price levels in effect last Oc- tober lOVz cents a gallon. Mr. Farran noted that in some cases retail prices for Albertans will be lower than 21 cents a gallon and in others, where it is necessary to tran- sport the propane greater dis- tances, the prices will be somewhat higher. The Peace River-Grande Prairie area, for example, has always had higher propane prices, he said. The 21 cents a gallon "applies to the two large.dis- tributors who were last to agree" to the price ad- justment, the minister told a news conference. He later declined to name the two companies, saying he had been prepared "to point the finger and ream them out" but since they agreed Thursday night to adjust their prices "I don't think it'd be fair "Some farmers are not go- ing to be too happy about pay- Roy Farran ing 21 cents a gallon when last year they were paying 14 or 15. The only consolation is that if the government had not intervened, they'd be paying more than 28 cents." PRICES HELD Mr. Farran said he expected the new retail prices to be held "for the balance of the heating season." He added he is hopeful they will be stabilized at this level for the balance of this year, and said he will have "alter- nate suggestions" for the problem of propane prices next year. In view of the fact that producers and distributors have co-operated in reducing prices, there was no need to proclaim the Gas Utilities Amendment Act. The act would give the public utilities board the right to control wholesale propane prices in Alberta. However, "if this co- operation from the companies doesn't continue, I won't hesitate to ask the govern- ment to proclaim the Gas Utilities Amendment Mr. Farran said. fire death toll rises WINNIPEG (CP) Nine persons died early Friday morning in Winnipeg's worst fire in nearly 52 years when a four-storey apartment building was destroyed by flames. Seven of the victims were found while the building still was burning, and the bodies of the other two victims were found later in the day. Police identified the victims as Mary McLean Nelson, 77; Frank Taylor, 61; his wife Ruby Mary, 70; Eva Stemkowski, 62; Donna Dewitt, 19; Manuel Matias, 55; his wife Mathilda, 56; Ameena Abraham, 30; and Dori Janecke, 45. The fire broke out shortly after 1 a.m. and destroyed the Haselmere apartments, a 50- year-old walkup brick building in central Winnipeg. FOR SALE Greeting Card Display Racks EACH Can Be Seen At ZELLERS COUNTY FAIR in Shopping Centre on Mayor Mignth Orivt NOTICE! THOMAS SPANOS, Q.C. and PAUL MATISZ, Q.C. formerly of the firm of MOSCOVICH, SPANOS MATISZ announce that on January 1 st. 1974 FRANKLINS. PETA has joined them to carry on the practice of law in partnership under the firm name of SPANOS, MATISZ PETA at 424 7th Street South. P O Box 968 LETHBRIDGE, Alberta T1J 4A2 Telephone. (403) 327-1555 Prairie wheat yields higher than during 1972 crop year OTTAWA (CP) Wheat yields on the Prairies last year were marginally higher than in 1972, Statistics Canada reported Friday. Wheat sown on summerfal- lowed land averaged 26.4 bushels an acre compared with 26.1 bushels an acre the previous year. That sown on stubble lands averaged 20.1 bushels an acre, up slightly from 19.1 in 1972. For the other major field crops, the average yield in bushels an acre, obtained from summerfallow, with stubble in brackets, were: Oats for grain 60.0 barley for grain 46.7 flaxseed 14.6 (12.0) and rapeseed 17.9 Eighty-one per cent of the 1973 wheat was grown on sum- merfallowed land while oats for grain came from 31 per cent summerfallowed land, barley for grain came from 39 per cent, flaxseed 54 per cent and rapeseed 77 per cent. The report said the propor- tion of crops grown on summerfallowed land on the Prairies last year was up for wheat and oats and down for barley and flaxseed, com- pared with 1972. Rapeseed was unchanged. Stubble yields were higher for all crops. "In terms of actual the report said, "the spread between stubble and summerfallow yields is smaller this year, compared with the five-year averages in all cases." On an acreage basis, 24.2 million acres were seeded to wheat compared with 20.8 million in 1972 and 22.74 million, the 1967-71 average. OTHER ACREAGES The other 1973 acreages, with the 1972 and 1967-71 average in brackets, are: Oats: 5.3 million' (4.66 million, 5.29 million) Barley: 11.35 million (11.9 million, 9.47 Flaxseed: 1.45 million (1.32 million, 1.98 Rapeseed: 3.15 million (3.27 million, 2.81 Provincially, Saskatchewan seeded the most land to wheat, a total of 16.2 million acres last year, up from 13.9 million acres in 1972 and the five-year average of 15.24 million acres. Alberta seeded 4.9 million acres to wheat, compared with 4.3 million in 1972 and the average of 4.84 million. Manitoba seeded 3.1 million acres to wheat, up from 2.6 million in 1972 and the average of 2.67 million. SAND GRAVEL ASPHALT SAND and GRAVEL CoMtructtonCo.Lld. PHONE Common sense people wear HARDLITE LENSES The Common Sense Lens In some localities hard resin protective lenses are Law! Why! They're shatterproof They're only half the weight of ordinary lenses They're backed by a warranty against eye injury They're available in YOUR prescription 1 So who needs a law? OPTICAL PRESCRIPTION CO. 308 7th ST S LETHBRIDGE Phone 327 3609 HOUSEFRAMING SPECIALISTS i and BASEMENT CONSTRUCTION MR. H.TSCHETTER Thinking of Renovating? Call us for Free Estimate presents PHONE 328-9758 1802-18 ST. N ITnd Southern Galitacnia hasten APPOINTMENT Vicky Grabor Salts Roproaontatlvo "ASTRO" The Friendly Real Estate People Mr. Tom Seines Sales Manager of "ASTRO REALTY LTD." is pleased to announce that Vicky Graber has joined Astro's sales Sta'f. Vicky is very experienced >i the selling (ield invites "ier friends customers to call fo. any of'their real needs at 328-7748 or FIBRE GLASS ROOFS For DO-IT-YOURSELF BUILDERS Models for Ford, Dodge and Chevrolet PHONE 328-4850 4 exciting tours to cheese from. 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