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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 18, 1974, Lethbridge, Alberta Monday, March It, THE LETHBRIDOE HERALD N.B. N Passamaquoddy t Bay Cumberland Bay Potential Power Cobequid Bay N.S. Miles Under study again The mighty tides of the Bay of Fundy once again are being studied as a source of electricity. A 1969 study, which recommended dams across the entrances to Cobequid, Shepody and Cumberland Bays, is being reviewed by a committee set up by the federal government and Nova Scotia and New Brunswick. Researchers study sleeper sickness in beef cattle GUELPH, Ont. (CP) Re- searchers are studying sleeper sickness in beef cattle to find out whether a new vaccine is needed to fight it. Dr. Peter Little, who is heading the study, said the disease was first observed eight years ago in Colorado and reached Ontario four years ago. "It now ranks third among deattly neurological ailments affecting feedlot cattle." Dr. Little is associate professor of pathology at the Ontario Veterinary College which is investigating the disease in co-operation with the provincial ministry of agriculture and food. Sleeper sickness is thrombo- enrbolic meningo- encephalitis. also called ITEME or thrombo. Dr. Little said: "The cattle affected are almost all of Western Canada origin. About four to six weeks after shipping, there may be sudden deaths or signs of coughing and runny eyes and noses in the group. "Animals observed sick usually appear stiff in the legs and neck and may knuckle over on the fetlocks. Once the animals have gone down, they're not worth treating." DATA SOUGHT Beef feedlot operators and veterinarians are being asked to fill out a questionnaire noting any experiences they have had with the disease. An intensive program of blood testing has been launched to ascertain how and where the disease spreads. Increase awaited in coffee prices NEW YORK (AP) American coffee roasters say the price of coffee is going up and there's nothing they can do about it except wait. Coffee-producing countries are restricting exports while demanding higher prices. Droughts, frosts and commodity speculation have also contributed to the rise: Within the last four months, Gas find CALGARY (CP) Gulf Oil Canada Ltd. said today that, the Gulf-Mobil Parsons P-53 well in the Mackenzie delta has recorded natural gas flows of up to 12.5 million cubic feet per day. Gulf said in a news release that the gas find is eight miles southwest of the Gulf-Mobil Parsons F09 well, where a substantial gas discovery was reported in 1972. The gas flow rate of up to 12.5 million cubic feet per day was recorded at the level below the surface. The well now is drilling below 10.800 feet. wholesale coffee prices have risen by 10 to 20 per cent, with many companies passing along successive penny-an- ounce increases. "We are entirely in the hands of the producing nations, dependent on them for said John Buckley, vice-president of purchasing for Nestle Co. Inc.. the largest maker of freeze-dried coffee. "The producers are making available slightly less coffee than the world could readily absorb in order to keep the up- ward momentum on prices." But some observers see a trend developing that may stabilize prices. They note that market prices for future contracts have eased. Brazil, which pulled out of an international pricing agreement last September, now says it's willing to consider a new agreement to keep its gains secure. Other countries also are seeking ways to keep their prices from falling. For 10 years the world's cof- fee market was governed by the International Coffee Agreement, which set export quotas and prices. Applications to be filed for Alaska gas pipeline ANCHORAGE. Alaska AP Spokesmen for Alaska Arctic Gas Study Co. say the firm will file applications with the Federal Power Commission March 21 for a Trans-Canada gas pipeline from Alaska to the midwest. Arctic Gas a consortium of 27 energy-related companies with members in the United States and Canada. It is known as Canadian Artie Gas Pipeline Ltd. in Canada. The Canadian firm will file permit applications in Ottawa with the Canadian National Energy Board and Department of Indian Affairs and Northern Development simultaneously with the U.S. fiJing. Alaska Arctic Gas president Robert W. Ward said the 2.e0r> mile natural gas pipeline would cost about billion, making it the largest construction project in the history of private industry. MILLION SPENT Ward said the line could supply about six per cent of the entire North American demand for natural gas. About million has been spent on studies over the past five years for environmental research. All of the Alaskan and Canadian gas from the Mackenzie river field in excess of Canada's needs. Ward said, would go to consumers in the U.S. west midwest and east via a network of existing and proposed pipelines. After the permit filings are made with the FPC and the department of interior. Ward and several other Artie Gas officials will hold a news conference in Washington. The Artie Gas proposal is opposed by El Paso Natural Gas which wants to build a Trans-Alaska pipeline from the north slope to a liquefaction plant on Prince William Sound. Only one line will be allowed under current federal rules and both firms are in a public relations campaign to woo state officials in Alaska to support their proposals. Researchers say the questionnaire may provide some data to pinpoint locations of recent outbreaks and cost to feedlot operators through death losses and treatment expenses. Dr. Little said the information is needed first to find out whether a vaccine is needed. "We also want to determine whether the availability of an effective vaccine would prove economically beneficial to On- tario's feedlots. "You can't develop an effec- tive vaccine in five minutes. "Bacteria like those involved with this disease occur in various 'families', each with difference characteristics. A vaccine must control all, or nearly all, of these types. "Since last summer when we began work on this project, we have collected 39 samples of the bacteria from different areas in Ontario and the Western provinces." Gov't plans new series of bonds OTTAWA (CP) Govern- ment plans for new bond is- three-year bond yield- ing 7.01 per cent and a five- year issue yielding 7.3 per were reported today by the finance department. Total amount of the issue will be within 10 per cent of million and the exact amount is to be announced when the allotments are established. This means the total will be between million and million. The three-year issue will have a interest rate and be priced at 98.65 per cent of face value to give the yield of 7.01 per cent. These are an addition to 6' i-per-cent bonds due April 1. 1977 and issued a year ago and two years ago. The five-year bonds have a seven-per-cent coupon and will be priced at 98.75 per cent of face value. These will be exchangeable into five-year, eight-per-cent bonds dated April 1.1979. thus bringing the combined yield to 7.59 per cent, if the option is exercised. Part of the new offering will be used to redeem million in five-per-cent bonds and million worth of per-cent bonds maturing April 1. Thus, the government will get between million and million in new money out of the issue. Fields'9 stores earnings up VANCOUVER