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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 11, 1974, Lethbridge, Alberta 16-THE LETHBRIDGE HERALD Tuesday, June 11, 1974 Third-level airline service suggested in ATA brief OTTAWA (CP) Operations of third-level air carriers stiould complement services now offered by the national and regional airlines. the Air Transport Association of Canada (ATAC) said Monday. The role of third-level carriers should be to operate flights into communities not already served by other airlines, transporting passengers to connect with existing routes, and to handle supplementary flights on routes of major airlines. They could also operate domestic and international charters. The association made the statements in a brief to the ministry of transport and the Canadian transport commission, which are conducting studies on the future of the 60 third-level carriers in Canada. The association suggested that routes which do not fit Public ownership of Gold favored WASHINGTON (AP) Treasury Secretary William Simon said today he hopes it will be possible for Americans to own gold before the end of the year. Simon told a House of Representatives bank- ing and currency subcommittee that he favors allowing Americans to own gold, which now is prohibited. President Nixon has authority from Congress to remove the ban at any time and Simon said he hopes this will be possible "before the end of the year un- less there are damaging developments." Simon appeared before the House subcommittee, whichs is considering U.S. contributions to the International Develop- ment Association which makes interest-free develop- ment loans to the world's poorest countries. The Senate already has approved an appropriation, but with a stipulation that Americans should be free to own gold, effective Sept. 1. The House sub- committee, which previously turned down the IDA bill, also is considering setting a gold-owning date as a condition for passage of the bill, sources said. Air Canada profits cut by fuel price increase OTTAWA (CP) Increased costs, largely due to rises in fuel prices, cut Air Canada's profits in 1973 but the company still had a net income of million, the airline's annual report says. In 1972. the Crown corpo- ration made a profit of S8.6 million. the type of operations the government has allocated to regional carriers should be reserved for the third-level, or local service, carriers. Some routes were unsuitable for regional carriers because of traffic volume, size of airports and type of aircraft in use. The association also suggested the transport ministry and the commission examine the proposed areas of co-operation among the national, regional and local service carriers in fields such as technical and ground servicing arrangements, reservations, advertising, and sales. Grain delay fault not on segment WINNIPEG (CP) CP Rail's top executive says current problems in grain shipments at Thunder Bay and Vancouver point up the unfairness of blaming any one segment for delays in the grain delivery system. Ian D. Sinclair, chairman and chief executive officer for CP Rail, told a news conference the difficulties in meeting export schedules demonstrate the highly- sensitive character of the delivery system and it is unfair to pick out any one segment for blame. Mr. Sinclair said labor problems at west coast terminal elevators have hampered Vancouver's ability to meet grain shjpments and s a shortage of ships at Thunder Bay is causing problems there. As a result of these delays, he said. CP Rail has railway cars backed up on the prairies. Mr. Sinclair was here to attend the company's board of directors meeting Monday. Wheat payments estimate sliced another 32 cents WINNIPEG (CP) The Canadian Wheat Board Monday issued its final estimate of producer Gentlemen III opens new store A store for everyone, whatever the age that's Gentlemen III. says owner Jim Spoulos. And now there's two of them. The official opening of the new store is being celebrated all this week with door prizes and a Father's Day draw. The new store, on 5th Street S. across from the Alec -Arms Hotel, is operated by Leo Hopman and Ron Berlando. both of Lethbridge. Mr. Spoulos said the new- store was opened to 'offer a more medium price range on clothing from high style to the more conservative look. 'Both stores carry merchandise for any age group and any style. We want to provide a better service to the people of Lethbridge." said Mr. Spoulos. So far the new store has received a good response from local residents, he said. The main store, on 7th Street S.. next to Southern Stationers, has been in operation for three and a half Mr. Spoulos said the Wat ion of the new store was chosen because of the new complex of commercial stores and provincial government buildings. payments for the current crop year, reducing the wheat forecast by another 32 cents a bushel from the estimates released April 1. The board now is estimating a total realized price of a bushel for No. 1 Canada western red spring wheat compared with original forecast last September. This is made up of a predicted final payment of 72 cents a bushel on top of the initial payment made when the farmer delivers his grain to his country elevator. In April the board predicted a final pyament of The prices are basis Thunder Bay. from which elevator and freight cost must be deducted. Predicted oats and barley payments were given a slight upward revision from the April figures which also were higher than the Septemeber forecast. The board now is looking to a final payment of 76 cents a bushel for No. 2 Canada western six-row barley for a total price of and 51 cents for No. 2 CW oats for a total price of These compare with original September estimates of and respectively. Final payments are made some time after the wheat board closes its pool accounts for the crop vear ending July 31. OIL PRICE INCREASED TOKYO Average prices to 11 a.m. Tuesday provided by the Alberta Hog Producers Marketing Board. Monday's prices in brackets: Edmonton: 35.00 13500) Red Deer: 35.00 (35.001. Grande Prairie: Nil (33.751. I.loydminster: Nil Hogs sold to 11 a.m 2.496 Hogs sold Monday 3.515 average 34.S7 sows average 1850 Currencies MONTREAL CPi Prices were mixed in continued light activity at mid-session today on the Winnipeg Commodity Exchange Flax ranged from three conts a bushel lower to four higher, rapeseed from 10 higher to 15 lower and rye from one higher to 2' j lower Monday's volume of trade was 216.000 bushels of flax. 1.379.000 of rapeseed and 1 .084.000 of rye Mid-session prices: Flax: July three lower 9.45: Oct six lower 9.Z8A: Nov. four lower 9.05.A: and Dec four higher 836.A Rapeseed Vancouver -lunc 10 higher 8.22B. Sept 10 lower 6.94A: Nov. 14 lower 5.93'iA; and -Tan 20 lower 5.76' Rapessed Thunder Bay July unchanged 7.30A: Oct 14'i inwer S.93A; Nov. 14'i lower 5.92A. and Dec 35 lower 5S5A. Rye: July higher Oct. two' higher Dec. lower and May unchanged qixiK-s Monday 1 -aid-bead. High Ixm Close Flax JJy 95.3 94fi Ocl 939 930 934 Nnv 913 909 Vancouver Jim WKi Srr. 73S 734 Nnv Ml Wfi' Jan sjifii Rapt-wrd Tlrondrr Ray Jlv 730 70S Otr Rye Jly 2SR' Gold futures. V S Funds. Winnipeg Crrmmndily Exchange elose Monday July 74 l.W'OOA: Oft 74 .SOB: 75 170'OOB. Apr 75 17500. Jtlly 75 IfKl-SOA Kndav's volume Metals MONTKKAL VS Mann irrm- ol lurid? a1 norm Inflay of 1-10 nl Sfi.lfi 14-2.S TViDTjfl slffhTip WAS rtrwri 2-2.S 31 31 In York, the flollsr -o.fi> rinxn 11-lfifi at S3 (R 14-25. JViunfl si filing wvis rirran .M-lfi at 39 21-Ml Beet futures WMinN iAf> noMng metals bid-ask in sterling a metric Irm. silver in .penee a 1rrrv ounce Copper Spot 1. 0.15- 1.1 fin 'futures Tin 3.900- futures. fn1urfs2ii.VZ9S W3XN1PKO firlures f-lfi July 47.-40A. Ser 4520 A Jan. Ln-t btef 45.10A. Nnv 219 5-220 futures W -spM 212 5-213. ;