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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 26, 1974, Lethbridge, Alberta Wednesday, June LETHBRIDGE Hunk economist forecast Strength of economy to continue MONTREAL (CP) A Bank of Montreal economist forecasts economic strength for the remainder of 1974 despite a continuing rising price spiral and a recoiling economy in the U.S. Canadian economic activity, strong in the first quarter of this year, should ease off in mid-year and rebound in the final quarter, said J. D. Parish, the bank's senior assistant economic adviser. Tiger, tiger Transatlantic air fare hike okayed FORT LAUDERDALE, Fla. (Reuter) The International Air Transport Association (IATA) approved transatlantic fare increases of between three and five per cent. The increases, approved unanimously by 40 international air carriers here, will take effect Aug. 11. An IATA spokesman said the increases are needed because of fuel price rises and were subject to approval by the governments involved. A five per cent increase was voted for fares on westbound flights, Europe to Canada, but eastbound flights from Canada would remain unchanged, the spokesman said. Fares on transatlantic flights between the United States and Europe, the Middle East, Africa and the Indian subcontinent would be increased by five per cent, the spolesman said. Transatlantic fares to and from Mexico were to be increased by three per cent, he said A basketful of Bengal tiger cubs at the Vancouver Game Farm await shipment to a German zoo. The cubs, six weeks old and weighing four pounds each, are valued at a total of Bengal tigers are on the endangered species list. Production of newsprint in Canada on decrease MONTREAL (CP) Cana- dian newsprint production in May was tons, a de- crease of tons or 0.6 per cent from .May, 1973, the Canadian Pulp and Paper Association says. Newsprint shipments in May declined 3.4 per cent to tons from tons in April, but were 0.5 per cent higher than the tons shipped in May, 1973. May exports to the U.S. were tons, a reduction of 3.1 per cent from tons one year earlier. The associations says the Canadian newsprint industry operated at 93 per cent of rated capacity during May. Extend date for wheat delivery WINNIPEG (CP) The Canadian Wheat board today announced that closing dates for all delivery quotas which were to be terminated Friday have been extended one week to July 5. Delivery quotas affected are A, B and C quotas of five bushels each for hard red spring wheat, all existing quotas for durum wheat, the A quota of 10 bushels for barley, the A and B quotas for Alberta red winter wheat and the A and B quotas for soft white spring wheat. AD RATES RISE NEW YORK (AP) The New York Times has announc- ed it will increase its advertis- ing rates an average of four per cent in July. Advertising director Warren Wolfe said the new rates result from higher operating costs, including the increased price of newsprint. "Over-all, the real gain should be about five per cent, down substantially from last year's 6.8-per-cent increase, but a pretty good year none the he told members of the Textile Trade Association. Figures for the first five months of 1974 indicate that prices will rise by about 10 per cent this year, compared with 7.5 per cent last year, he said. However, he said many commodity prices appear to be sagging and should be coming under "somewhat better" control by the end of the year. LETHBRIDGE CONSTITUENCY REELECT g- THE WEST STRONG! "I hasten to add that no sharp break in prices is ex- pected, and that we have yet to feel at the retail level the full impact of last year's sharp increases in commodity, industrial and energy he said. Reviewing several economic sectors, Mr. Paris made the following projections: hectic pace of house- building activity will slow as the year proceeds, with signs that there may be less mort- gage money in coming months; growth of exports will probably fall off this summer. Export volume is not ex- pected to increase, however, and "now that commodity prices are weakening, Canada's balance in trade goods and services deteriorate." he said. d Consumer spending, senting about 60 per cent of tal economic activity, remain strong. In the financial sector, he'j said loan demand has or exceeded deposit growth each of the past six quarters..'; Specially Priced Buys Wait For You In The Paint Wallpaper Department Paints and Stains Trelspar paints, long noted tor their high quality, are now even easier to buy during this special sale. Note the additional savings you make on a 2 gallon purchase. (Tinting bases are slightly underfilletf to allow for colourants.) Satin Latex Finish Easy to apply latex finish for walls and ceilings. Many custom colours to choose from at no extra cost. Regular Price 7.99 gal., 2.59 qt. Gallons for I I Seirt-Gtoas Enamel and Latex House Pant .Two quality finishes at one low price! Durable Semi-Gloss Enamel is available in While and custom tinted colours to match our Satin Latex. Latex House Paint is a high quality, long-lasting finish for exterior wood, brick, stucco ana con- crete block and is avialabie in white only. Regular Woolco Price 9.99 gal., 2.99 qt. 7.99 Gai.. Z.Z7 gt. L Gallons for 14.98 Also: Quality Alkyd Wood- stains in your choice of four ready mixed and 24 custom tinted colours Regular Woolco Price 8.99 gal.. 2.79