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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 22, 1971, Lethbridge, Alberta CLOUDY FORECAST HIGH FRIDAY NEAR 90. The Lethbridgc Herald LETHBRIDGE, ALBERTA, THURSDAY, JULY 22, 1971 PRICE NOT OVER 10 CENTS TWO SECTIONS 22 PAGES Sudan boss back in power following new upheaval Bettors steal the show as fair business booms Temperatures in the high 80s during the day and a beautiful balmy evening Wednesday at- tracted visitors to the third day of events at Whoop- Up Days a day featured by a record daily double payoff at. the race track. Attendance was up 339 per- sons over the same day last year, leaving the 1971 edition of the Lethbridge and District Exhibition and Rodeo only 236 shy of the three-day total for 1970, a record-breaking year for admissions. Patrons of Whoop-Up Downs OUT WEST Twenty students from Leth- bridge's twin city in Quebec, Saint Laurent, had a 'real tasle' of the old west when they visited the Bell-Cross riding ocademy at Waterton takes National Park, under the direction of Rufus Good- striker. It was a time for trail riding, swimming, pow pow in the evening, a launch ride to Goat- haunt, Montana; an outdoor cook-out and bunk- ing in Indian teepees. Each Saint Laurent student is a guest of a Lethbridge student. Saint Laurent Deputy Mayor Jerry Gold and Mrs. Gold and Uthbridge Alderman C. W. Chichester and Mrs. Chichester are in charge of the exchange students. Bill Hunt Photo Airline workers back on the job New riddle: loan rates rising again By JAMES NELSON OTTAWA (CP) Interest rates appear to be ris- ing again, confronting the economists with yet another riddle. A year ago, they were hard-pressed to explain how unemployment could rise and inflation continue to mount at the same time. Now, the head-scratcher is how interest rates can be going up after governments both here and in the United States have pumped large additional supplies of money into the economic system. Rising unemployment is supposed to slow the econ- ttfm t? omy enough tliat prices are forced down by compeli- If lo tion among sellers, but it didn't. Rising interest rates are supposed to be counter- acted by making more money and credit available, but MONTREAL (CP) Air Can- ada services at Montreal Inter- national Airport began return- ing to normal today in the wake of an early-morning contract agreement between the airline and representatives of the Inter- national Association of Machin- ists and Aerospace Workers. A union spokesman said Montreal members of the union, who walked off their jobs at 4 p.m. Wednesday in what was to have been a 24-hour strike, were returning to work on a volun- tary basis. However, he said today's full afternoon shift would be at their jobs. Agreement between the air- line and union, representing ma- chinists, baggage handlers and ground personnel, came at 1 Paris chill it's not working this time. Money supply up Latest Bank of Canada statistics show there has been a 15-per-cent increase both in currency in circula- tion and in demand deposits in the chartered banks since a year ago, rising by million to million on July 7. Demand deposits in chartered banks are those that can quickly he converted into ready cash. With the supply of money in circulation, they form what is called the narrowly-defined money -supply. There has also been an increase amounting to 14 per cent for the year ended July 7 in the total money supply. Short-term interest rates did fall, to about three per cent in March this year from near eight per cent at the beginning of 1970. But they appsar to be moving up again, with six-month treasury bills drawing 3.8 per cent at last week's Bank of Canada auction. Long-term government, bond yields, an indicator of interest return on the very best grade of investment, declined from near 8.5 per cent at the beginning of 1870 to just over 6.5 per cent in January this year. Now they have moved back up to 7.3 pel- cent. National Housing Act mortgage rates on new houses now range between 8.75 and nine per cent, down little more than a point from a year ago. Commercial mortgage rates are still higher, and not readily avail- able. Where's money going? Where is all the new money going if interest rales are increasing? The answer seems to be that federal and provincial government borrowings are sopping it up. The federal government alone had to borrow million in the year ended March 31 to cover its budget deficit, support the Canadian dollar before it allowed it to float freely last year in international money mar- kets and to finance Crown corporations such as Cen- tral Mortgage and Housing Corp.'s mortgage lending. Finance Minister E. J. Benson said in his June IS budget the government would need another mil- lion this fiscal year, running to next March 31. Some financial sources say long-term interest rales have remained "sticky on the higli side." That means they aren't coming down as they should, and tho sources say it's because of tho known demands by gov- crnmcnls of all kinds for borrowings. There is also a general belief Hint the money sup- ply cannot he allowed lo go on expanding nt anything like its recent rale without contributing to more, infla- tionary pressures. OTTAWA (CP) Foreign Minister Maurice Schumann of France will pay an official visit to Ottawa Sept. 22-23, External Affairs Minister Mitchell Sharp announced today. He will later go to New York for the United Nations meeting, then will visit Quebec City Oct. 1 as guest of the Quebec govern- ment. The Schumann visit is re- garded as a major step in the return to normality of French relations with Canada. It may pave the way for an official visit to France next year by Prime Minister Trudeau. Relations between the two countries were disrupted in 1967 when the late French president, Charles de Gaulle, snubbed Ot- tawa during a Canadian cen- tennial visit, then shook the country by crying Vive le Quebec Libre, a separatist slo- gan, in Montreal. The French president then left Canada abruptly, cutting short his visit, after a rebuke by for- mer prime minister Lester Pearson. Other complications arose as a relationship between France and Quebec developed under the former Union Nation- ale government that all but ex- cluded Ottawa. a.m. It followed 15 hours of ne- gotiations on the third day of re- newed talks involving three fed- eral mediators. The agreement is still to be ratified by the union's members, mainly located in Montreal, Toronto, Winnipeg and Vancouver, but the voting results are not expected for sev- eral days. Mike Pitchfoid, chief union negotiator, said today the union membership will be asked to ac- cept the contract terms "which we feel are quite acceptable." "There were reasonable com- promises made in this package and we are generally quiet happy with the results." Pierre Mercier, Air Canada's director of labor relations, said no details of the agreement would be made public until union members had been in- formed of the proposal. Mr. Mercier expressed relief that the long period of negotia- tions had ended, and said that the "terms of the proposed agreement are generous." The two sides reached agree- ment on a package deal pro- posed early Wednesday by three federal government mediators. The 24-hour strike at Montreal was the second walkout against the air carrier in five days. The first strike hit Toronto last Sat- urday, causing the cancellation of 52 of 119 scheduled flights. The unions had staged a 24- hour work stoppage in Mont- real, Toronto and Winnipeg July 12 to allow union members to discuss strike action and study management's proposals. Talks broke off July 9 and did not resume until 10 days later. bet a torrid for the eight thoroughbred horse races in the afternoon, an advance of mor'e than compared to the same day last year. The races, which run daily at 2 p.m., featured the highest win at the race track since pari-mutuel betting was intro- duced here in 1970. PAYOFF One bettor took home a rec- ord from calling the win- ners right for the daily double. The double pays off for patrons picking the winning ponies on the first two races of the day. The grandstand stage show, after being rained out Tuesday night, attracted an estimated persons to its final pro- duction Wednesday. Patrons got a double fireworks display after the show when the sparkles for both Tuesday and Wednesday were ignited behind the stage- Rodeo and chuckwagon races take over from the stage show tonight at 7 p.m. and continue through to Saturday evening. SECOND CHILDREN'S DAY The exhibition board is going ahead with plans for a second Children's Day Friday. The first was held Tuesday but is being repealled because several the 40 midway rides were not in operation on Monday. Children 14 years and under will be admitted free to the grounds up to 5 p.m. and chil- dren's rides will be reduced by one coupon. Coupons can be purchased on the midway. The board has decided no special morning grandstand show will be scheduled for the repeat kids' day. Youth fashions go into their second night in the coffeehouse in the pavilion mezzanine and the Taber Polka Band moves into the beer garden for a three-night run. MAJ.-GEN. NEV1EIRY Regains reins Seen and heard Election Aug. 30 EDMONTON (CP) Premier Harry Strom today announced that an Alberta general election will be held Monday, Aug. 30 The announcement came in a 40-word statement issued by trie premier's executive assistant. It said only that Premier Strom wishes "to announce to the people of Alberta that I have signed the writ of election." The premier scheduled a news confer- ence for later in the day in Edmonton and a second conference in Calgary. About town HALL receptionist Betty Gal assuring an endless stream of callers Aug. 2 really is a civic holi- day in Lethbridge fair- goer Frank Elinford com- plaining about the mosquito in his coffee, getting another cup and complaining about the second mosquito in his coffee Brent HcmpePs attempt to make friends with Rhonda Merrill's horse Sugar ending in his being bucked off. Chicken-egg war settlement seen U.S. railway strike may be averted CHICAGO (API The Chi- cago and North Western Rail- way Co. and the United Trans- portation Union reached a tenta- tive agreement early today on a new 42-month contract covering wages, fringe benefits and work rules, a spokesman for the rail- way said. A strike deadline had been set for n.m. .Saturday against (lie North Western and eight other railways. Today's settle- ment involves only the Chicago ami North Western and does not affect UTU plans to strike against other lines. 'We were going to China, but it gets so crowded this time of yearI' Exhibition program THURSDAY Polka Band at beer garden Youth a rama youth creation spectacular races and rodeo 7.30 fash- ion show close at' ex- hibition grounds closes FRIDAY grounds open garden opens Youth-a-rama cof- fee house opens Casino opens racing and pari mutuel bet- ting Polka Band at beer garden races and rodeo close at ex- hibition grounds closes day and Chil- dren's day day EDMONTON (CP) A meet- ing between provincial officials and federal Agriculture Minis- ter H. A. Olson has produced agreement in principle for an adjustment of the egg and broiler industries that could end the chicken-and-egg war, a com- munique from the meeting says. "The provincial and federal ministers agreed to do all they can to see that workable plans are put into effect as soon as the communique added. It was released at the end of a three-day meeting of provincial agriculture ministers and their deputies from across Canada. Neither the ministers nor the communique elaborated on the agreements concerning the chicken-and-egg controversy. The communique said: "Prov- incial agriculture ministers and Mr. Olson today (Wednesday) accepted in principle proposed plans fo rthe rationalization of tire egg and broiler industries thaf could end the chicken-and- egg war." Mr. Olson, who 'attended the final session of the closed meet- ings, said he was heartened at progress made toward solving the war. "National broiler chicken and egg groups met recently and have come a long, long way to- ward arriving at a total pack- age that would be acceptable to the minister said. He did not say what the total package would contain. The chicken-and-egg war started a year ago when Quebec passed regulations enabling its egg marketing agency to bar out-of-province eggs. Since then most other provinces have retal- iated with similar regulations. Manitoba, which has an egg surplus and normally exports about 60 per cent of its annual egg production, has led the at- tempts to have such regulation declared unconstitutional. Following the meetings Wednesday, Mr. Olson also said there had been "dramatic" im- provements in some of the other problems of Canadian agricul- ture. From AP-REUTER The deposed Sudanese leader, Maj.-Gen. Jaafar El-Nimeiry is back in power in Khartoum, Egypt's Middle East news agency, quoting 0 m d u r m an radio, said today. The agency said a detachment of troops under a Lieut. Mo- hammed Kasbawi had occupied the broadcasting station and re- turned Nimeiry to power. Nimary was deposed Monday by a junta of leftist officers in a bloodless coup. _ The agency said an aide of Nimeiry's, ousted with him on Monday, personally read a statement over the radio an- nouncing Nimeiry's return. Maj. Inrahim Abou EI-Kas- sem declared a state of emer- gency throughout the milion- square-mile country and a na- tional curfew. "The ordeal of the Sudan dur- ing the past two days is an announcement over the radio said. Nimeiry, it said, is in good health and "remains the man who is leading and will continue to lead the nation." NEW LEADERS SHELLED The broadcast, as quoted by the agency, followed reports that the army headquarters where the new leaders were meeting was under shell fire from tanks and armored cars. Before the pro-Nimeiry take- over of the radio station, a member of the military junta had urged the Sudanese nation to take to the streets to defend the revoution against "external intervention." That appeal cans from a Maj. Hashem Atta. Earlier, the Iraq news agency had reported that the Khartoum headquarters of the Sudanese Revolutionary Command Coun- cil, which had overthrown Ni- meiry, had come under heavy shelling from tanks, armored cars and heavy machine-guns. The shelling had started while the council was in session, a correspondent reported to the agency. Development piled on devel- opment during the day. Two leaders of the new leftist Sudan regime were seized from a British airliner which was forced to land at Benghazi air- port in Libya, prompting a strong British protest to Libya. The minister of state named by the leftist regime, Lt.-Col. Babakr El-Nur, and a fellow coup leader, Maj. Farouk Ha- madallah, had been on the way from London on a BOAC plane to take over their new duties in Khartoum when the BOAC plane was forced by fighter planes to land in Libya. Minister of State Joseph God- ber told the British House of Commons he had demanded that Libya release at once the head of state named by the left- ist regime, Lt.-Col. Babakr El- Nur, and a felow coup leader, Maj. Farouk Hamadallah. The two had been on the way from London on a BOAC plane to take over their new duties in Khartoum when the BOAC plane was forced by fighter planes to land in Libya. Open fires banned in ATTENDANCE FIGURES CrOWgnest 1971 Previous Record Monday (1964) Tuesday (1969) Wednesday............ (1969) Thursday (1970) Friday (1966) Saturday............ (1966) This year's total attendance Six-day record attendance (1970) 1970 Secret documents spoof disclosed NEW YORK (AP) William F. Buckley, editor of the Na- tional Review, says his maga- zine perpetrated a hoax with fictional Vietnam papers to show that such forgeries "would be widely accepted as genuine provided their content was in- herently plausible." Buckley disclosed the elabo- rate spoof Wednesday after a large segment of the American news media had carried stories on what tlw magazine called "highly-classified government documents relating to tho Viet- nam war." "Wo admit wo proceeded in something of an ethical vac- Buckley told reporters with a grin, hut he suggested that somewhere in the govern- ment: archives were real docu- ments similar to the forgeries printed in the magazine. "Tlw point is that the papers, or something like them, must have been he said. "Therefore, one concludes that tho difficulty was not that tlie Pentagon and lite CIA gave LB.I (former president Lyndon B. Johnson) bnd advice, bul that LBJ didn't take good advice." Another aim of the hoax, lie said, was to demonstrate "that the Pentagon and the CIA arc not composed of incompetents unwarranted conclusion which many were led by the fragmentary revelations of tlw New York Times and Tlic Wash- ington Post." NAMED RUSK Appearing under tire title, The Secret Papers They Didn't Pub- lish, the National Review "docu- ments" included dispatches at- tributed to former state secre- tary Dean Rusk, UK Central In- telligence Agency and others. Most were daled in the cnrly 19BOs. Suspicions of a lioax grew when teveral of tho persons listed as authors said they couldn't recall writing the "do- (-11 men Is." Historian Daniel Boorstin domed writing a memo the magazine credited to him. Buckley said at the Wednes- day news conference that the "documents" were composed by editors of the magazine "ex nih- of nothing. The New York Times, tow- ever, said the first two memo- randums quoted in the National Review were in fact excerpts from actual memorandums printed by The Times in its ser- ies in June and July about the secret Pentagon study of Ameri- can involvement in lie war. EDMONTON