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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 4, 1974, Lethbridge, Alberta me U.S. jobless rate declining WASHINGTON lilted States unemployment rate edged down to five per cent of the work force in April from 5 l per cent in the government said today It was the second consecutive month that the rate dropped Labor department analysts considered the two month de- cline significant but said it is too early to determine whether it is the beginning of a trend The Bureau of Labor Statis- tics baid about 4 5 million Americans were without jobs in April That was about 200 000 fewer than in January and February but still more than in October at the start of the oil embargo Total employment stood at 85'8 million last month about the same as in March Record price for painting NEW YORK Salvador Dali s Resurrection of the Flesh brought 000 at Sotheby Parke-Bernet setting a world auction record for a surrealistic painting Galleries International of Milan purchased the painting yesterday along with Max Ernst s La Fleur du Desert for 000 a record auction price for the German surrealist A New York gallery bought Fernand Leger's Composition tor 000 the highest auction price ever paid for the cubist painter s work Ninety-eight 19th-and 20th century paintings and sculptures were auctioned for a record 930 000 a Parke- Bernet spokeswoman said UNIVERSITY OF LETHBRIDGE STUDENT HARD-UPi Don Thompson gave the shirt off his to the University writing a cheque CAMPUS BANK GIRLS were agog when shirt was deposited PROBLEM' Will Calgary Computer REJECT EAT or WASH m Left to right Joy Mae Fay Bettymae Royle and Shirley Robinson missing from photo Debbie Townsend and Judi Tudor FOOTNOTE Fay Draper caught parading around 'he office wearing the cheque99'''' Canada Council approves grants totalling GUARANTIED SERVICE To and moti othtr ol ELECTRONIC EQUIPMENT 2 Tvehmciani to SOrvt You ANGLO STEREO A PHOTO SERVICE DEPT. Phona 328-0575 OTTAWA Grants to tailing 000 have been ap- proved by the Canada Council for 93 projects under its Explorations designed to find new forms of expression and public participation in the arts humanities and social sci er.ces The grant-winners were chosen from 491 submissions to the council before a Dec 1 deadline Another deadline has been set for further applications to be received by June 1 Most of the approved projects are for research and writing histories of particular The Lethbridge Herald think PART IV PICTURE QUIZ 5 POINTS He is the leader of a large Mideast nation. Who is HOW DO YOU 71 to 80 pointi Good to 100 TOP 61 M 70 Ftir M M Eicdtant 60 or H'mrrrf FAMILY DISCUSSION QUESTION Should U.S. football leagues be banned from Can- Why or why YOUR NEWS QUIZ PART I NATIONAL AND INTERNATIONAL Give yourself 10 points for each correct answer. 1 Israeli and forces clashed on the ground and in the air in the Mt. Hermon area. 2 The death toll as a result of the terrorist vio- lence that has gripped Northern Ireland since 1969 recently reached the mark. a-500 3 The Communist nations of Eastern Europe are united in a mutual defence alliance similar to NATO. a-CENTO b-the OAS c-the Warsaw Pact 4 New Democratic Party Leader said his party would support a minority Progressive Conservative government for a trial period if one were elected. 5 Montreal the 1973 Stanley Cup win- was eliminated from this year's playoffs by a-Philadelphia Flyers b-New York Rangers c-Chicago Black Hawks PART II WORDS IN THE NEWS Take 4 points for each word that you can match with its correct meaning. showing in- nocent or childlike simplicity b-rebellious c-friendly clever e-having to do with heredity insurgent 2 ..genetic 3.. ..ingenuous 4. ...ingenious 5 genial PART III NAMES IN THE NEWS Take 5 points for names that you can correctly match with the clues. localities including one to R J Anderson of Toronto to write a history of The Canadian Press for publi- cation on the news services 60th anniversary in 1977 Mr Grants of 000 or more are being made to Jacqueline N B to write a book about opposition to Confederation in New Brunswick Adnen 000 for a three-volume his- tory of the Acadians who settled in Quebec after the Expulsion in 1755 Centre Creatif 1 Mon- treal 000 to construct an experimental habitat taking into account ecological and artistic considerations AIDS POETRY PROJECT Paul Chamberland Monn Que to continue his living poetry project involving people from different socio cultural backgrounds Ginette Charbonneau Que 700 for a catalogue of the works of pdinter-etcher Albert Durnouchel Paul Desjarlais Michel Lapore and Pierre Que 622 to continue preparing a series of documents on theatre in Que- bec L Equipe du Boreal Express Montreal 000 for 10 journals on Canadian history 1841 to 1914 Jacques Grand Maison Montreal to investigate management-labor relations in the St Jerome Region of Quebec Interest rate increased on bank loans TORONTO -Bank of Montreal and Canadian Impe- rial Bank of Commerce have announced interest rate in- creases on new consumer loans effective May 6 Bank of Montreal will charge 13 4 per up from 12 4 per cent Full service package customers will be charged 12 9 per cent Commerce customers will pay 13 25 per up from 12 5 per cent Key Account customers will receive loans at 12 75 per cent At least four other banks laiscd consumer term loan rates Wednesday to between 13 25 and 13 5 per cent from the 12 5-per-cent level Tax rush James Clarke of Hamilton and his cat race the clock before hearing of the three-week extension of the deadline for filing 1973 income tax returns announced in the Commons Thursday Oil export curb sought OTTAWA Ken North a geology professor at Carleton urged the National Energy Board vesterdaj not to issue any new licences for oil exports to the United States Appearing for the Consumers Association of Canada the Ottawa professor also said the board should not renew any licences when they expire All exports to the U S should cease by no later than the date the pipeline to Montreal will be approximately three years from now or if Mr North said The question of whether or not we should export oil is no longer a serious the only issue is how quickly we can get out of exporting oil to U S customers The energy board is hearing submissions on how if any oil Canada should export Mr North said that as long as Canada is exporting it should charge world plus transportation costs to Chicago In that Canada would neither be overcharging nor undercharging U S customers To back up his Mr North said the board should make a distinction between proven reserves and potential resources Available evidence suggests that Canadians as yet have no rational basis for placing any reliance on frontier he said Unless and until potential resources are demonstrated to be proven common sense and ordinary prudence dictate that our export decisions should be based upon the most conservative forecasts He said Canada has about 10 billion barrels of oil as proven reserves which would last about 12 or 13 years By cutting off the oil Canada would have sent to the U S will probably remain in the Mr North said 1 Willy Brandt 2 C. M. Drury 3 Real Caouette 4. ....Jean Marchand 5... .OttoJehnek 429-74 a-Social Credit leader b-Progressive Conser- vative sports critic Treasury Board West Germany e-Transport Minister Inc. STUDENTS Save Tnis Practice Examination1 Material fnr ANSWERS ON REVERSE PAGE Tours-Tours-Tours From SENIOR CITIZENS TOURS 5 Departures... NORTHWEST TERRITORY TOUR EXPO 74 TOURS 991100 Departs July 16-Aug. 17 ........From ibaLv RUSSIAN TOUR Illfi75 Departs end of June...... From A Jt A W PALMYRA PAGEANT TOUR Departs July Days... WRITE or PHI. NE GOLDEN WEST TRAVEL SERVICE Scrap merchant has important place in society VANCOUVER Harry C Wemstem believes the scrap merchant has an important place in society Our job is to put back into reuse those things which have been temporarily taken out of circulation Recycling of materials is becoming more important all the time has a value and there is a customer for even when it has been out of use for a period Mr manages Empire Junk Ltd a scrap metal operation founded in 1935 by his uncle And when he s not making another sale or directing his five employees or collecting and delivering scrap he takes time out to philosophize about the new significance of the junk dealer The day of the junk peddlar is gone Today this is a sophisticated business oil and lumber are all being depleted at enormous speed Already 80 per cent of the metal used in our society today is recycled Obviously the job of salvaging reclaiming and recycling especially is necessary and has social significance NOT APPRECIATED But not everyone appreciates the scrap dealer's contribution to society Mr Wemstem says that city authorities 'have the wrong idea about scrap merchants They don't appreciate what we are doing They just seem to think of our yards cluttering up the landscape Just imagine the situation in indus'nal areas here if someone didn't handle the scrap the for recl- aiming and recycling He buys scrap metal from car printing firms and logging companies Then it is stripped and cleaned before being sold to metal ex- steel and cast-iron foundries Scrap copper for recycling in the Vancouver area brings about 75 cents to a depending on grade Last sum- mer it brought about 50 to 65 cents a pound Miscellaneous yellow brasses are worth about 60 cents a almost double what they were worth last summer Scrap aluminum and lead ranges from 12 cents to 20 cents a compared with a top price of 12 cents last summer But the scrap business is not a latter-day brand of the pseudo-science of turning base metals into gold Mr Wemstem says the prices are set by the market and such factors as the dollar's depreciated value and the higher cost of particularly weigh heavily against the rise m scrap metal prices YARD IS PACKED Empire's lot is packed with a tremendous variety of articles At any given moment it s strewn with hundreds of beer bottles old safes and metal automobile ancient pieces of plumbing and ships' old tools The yard has even handled Second World War old linotype machines and animal cages A magnet is the junk dealer s indispensable tool Mr Wemstem explains how it is used to identify metals covered with paint or dirt by testing whether they are magnetic or non-magnetic Committee raises limit on guaranteed loans OTTAWA A bill increasing the amounts fishermen and small businessmen borrow under three federal government guaranteed loan programs has been approved by the Senate banking committee Following the final Senate approval the which raises to 000 from the limit for guaranteed loans under the Farm Improvement Loans Act the Fisheries Improvement Loans Act and the Small Businesses Loans Act is likely to receive royal assent early next week F C chief of the finance department's guaranteed loans administration told the committee that about 70 per cent of loans made last year under the farm improvement program went to farmers in Alberta and Saskatchewan Quebec received slightly more tahn 40 per cent of the loans under the small business loans with British Columbia and Ontario getting most of the balance about 25 per cent each British Columbia fishermen received about 40 per cent of the loans granted under the Fisheries Improvement Loans Mr Passy said Prince Edward Island and Nova Scotia each received 20 per cent The bill amends the definition of business enterprise' to include firms with gross revenues of million The current limit is Farmers would also be eligible for loans to repair major equipment Guaranteed loans now are available only for equipment purchases The government has no .ntention of subsidizing lending institutions to encourage them to approve the lower interest rate guaranteed Mr Passy said COMPLETE HOME OWNERS' INSURANCE AT LOWER RATES HUNT INSURANCE AGENCIES LTD. 1201-3rd Ave. S. Phone 328-7777 ABSTAINER'S INSURANCE COMPANY The only Canadian Company providing and axcluiivaly to abttalncn The Lethhridge and District EXHIBITION BOARDS Invites you to participate m HOBBY VILLAGE July 15th to 20th Group and Individual exhibits and displays welcomed For information and entry forms write 3401 6th Avenue South Alberta ;