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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 11, 1974, Lethbridge, Alberta 20 THE LETHBRIDOE HERALD Monday, March 11, 1974 Both sides now Above ground construction of the 19-storey Ontario Hydro head office in Toronto goes on as usual. Befow, earth is being removed from around caissons for the installation of a 1.5 million gallon reservoir. The water will be used for heating and cooling of the building. The large blocks of concrete are called caisson caps and a concrete floor will be created among the caps to form another floor. The project is expected to be completed by 1975. U.S. trade restrictions end in Soviet Union urged WASHINGTON Reuter Nikolay Patolichev, Soviet foreign trade minister, is quoted as saying that unless the U.S. Congress ends restrictions on trade with his country, the prospect of the United States receiving large supplies of Soviet natural gas will be jeopardized. The current issue of the magazine U.S. News and World Report says Patolichev urged in an interview that Congress approve the pending Nixon administration trade bill which would give the Soviet Union better trading terms as well as U.S. Export- Import Bank credits for purchase of American goods. The administration's trade bill has run into stiff opposition from congressmen World producing bauxite nations embargo unlikely New York Times Service DAKAR, SENEGAL The seven nations that produce about 63 per cent of the world's bauxite will probably not attempt actions similar to the Arab oil embargo during their current meeting in Conakry. Guinea, informed sources here say. The sources, closely monitoring reports coming out of Guinea, where technicians and foreign ministers have been in closed meetings since March 1, are basing their predictions on reports filtering here. While the seven nations formed a group called the International Association of Producers of Bauxite during these meetings, it appears from reports reaching this city that they will attempt to raise their incomes from bauxite and to produce aluminum themselves. But, the sources say, these courtries are probably too diverse, nor do they control enough of it to give them the leverage to do with bauxite what the Arabs have done with oil. High feed grain costs hurting cattle industry WASHINGTON (AP) United States cattlemen say they are being run out of business by high feed costs TRAILER SALES ANNOUNCEMENT InOfllJMOf) M K Trader Sates are pleased Jo announce Ihal Mr. Wayne Thompson has talcen oiwr as Sales Manager ol Ibetr Lelh- brldge let Wayne is quile qual- ified in :be Mobile Home fMAd and is wefl tooWng forward 1o meeting you tn the near future Drop and see Wayne al M i K Trader Sales on }he CouBs High- way jujfl East of Green Acres Drtve hi and fat profit margins by middlemen who they contend are charging consumers more for beef than necessary. And to prove their case a group of Iowa cattle feeders those who fatten animals for the consumer markets plan to sell beef on New York city streets at 15 per cent less than supermarkets are charging. Glenn Gregg, president of the Sioux County Cattlemen's Association, says the New York beef sale may take the form of tailgate hawking from a truck chartered by angry midwestern beef producers. The plan, he told a news conference, involves trucking Iowa beef to New York at only the cost of slaughtered beef animals, transportation charges and a a carcass markup. Gregg said the idea of the New York demonstration, tentatively set for March 15. is to show to city consumers that middlemen are taking huge chunks of the beef dollar. Clarence Adamy. president of the National Association of Food chains, said retail profits are dangerously low and that recent declines in cattle prices are temporary. "The implication that retailers are profiteering is a gross misstatement and one I deeply Adamy said. The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty, McQuaig Ltd.) who want to deny the Soviet Union better trading terms until they permit the free emigration of citizens, an effort aimed at what they view as discriminatory Soviet actions against Jews wanting to go to Israel. Discussing the on-going U.S. Soviet talks on bringing Soviet natural gas to the United States, Patolichev, here on a trading mission, is quoted as saying the proposed deal "by all means" would be dead if Congress does not approve Soviet trade credits. U.S. firm seeks store in London LONDON (AP) A United States retail chain is trying to buy a share of Harrods, the London department store that boasts it will sell anything from a pin to an elephant. The bid is from Broadway- Hale, a U.S. West Coast group that also owns the Neiman- Marcus stores in Texas, Georgia and Florida and Bergdorf Goodman in New York. Broadway-Hale is bidding million for one-fifth of the stock in House of Fraser, which owns Harrods and other stores. Sir Hugh Fraser, chairman of the British company, said the deal will go ahead if an ap- proach by Boots, a British drug store chain, to take over the Fraser group falls through. Fraser told a news conference a- deal with Broadway-Hale might result in Harrods opening branches in the U.S. HBC plans airlift to north stores WINNIPEG