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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 19, 1973, Lethbridge, Alberta Phone call can earn By FRED COLEMANf LONDON (AP) A few o the big winners in Europe's gold buying rush this week probably made or more each in only one day just by picking up the telephone twice. Dealers refuse to identify their clients. But they will say how it was done. One hypothetical example of a quick profit, according to London dealer worked like this: The client's wealth allows him to get a gold account with one of London's five leading bullion dealers. This saves him a variety of collecting, packing shipping, storing and insurance charges that make dealing in gold a nuisance for the less for- tunate. The dealer registers so many ounces of gold as a credit in the client's account. The actua gold stays in the dealer's safe and the client saves the charges. All the client has to do is pick up the phone to place buy or sell orders. The wise client bought Monday morning when gold sold here at 97.75 an ounce. He ordered ounces at a cost of dollars. The commission to the dealer was one quarter of one per cent, or The total cost was By Tuesday afternoon the price of gold in London had jumped to an ounce. The client sold then. He paid no on the sale. So he took in for a profit of a little more than In Paris, where gold hit an ounce at one point, potential profits were even higher. Dealers here say this kind of example is rare. Most of the buying over the last week was done by sophisticated investors purchasing gold for the long term, expecting even higher prices in the months ahead. The selling, dealers say, was mostly by producers of newly mined gold, like South Africa, rather than by quick in-and-out traders. The identity of buyers is kept confidential in Zurich by law and confidential in London by Try Before You Boy UP TO 30-DAY TRIAL ON YOUR DOCTOR'S RECOMMENDATION QJJjMAICO SMITH-JONES HEARING AID SERVICE RIPLEY OPTICAL 618 3rd Ave. S. Phone 328-5447 gentleman's agreement, a ma- jor reason why London and Zu- rich are the world's two big- gest gold markets. But dealers here admit that much of the buying on the Lon- don market in the last week was done by Swiss banks man- aging funds for sophisticated in- vestors. These banks represent corporations and Middle East oil interests. Albeitta offers youths work EDMONTON (CP) The provincial government will spend to hire about young people in govern- ment departments, farms, city projects, hospitals and nursing homes under the Summer Tem- porary Employment Program it was announced this week. The program is co-ordinated by the department of manpow- er and labor, opportunities for youth, Canada manpower stu- dent services and operation placement. Hungry bugs may help get rid of oil slicks VANCOUVER (CP) Philip Townsley says keeping bugs hungry might get rid of oil slicks. Dr. Townsley, a University of British Columbia microbiol- ogst, says oc- curring naturally in the envi- digest almost any oil spill in short order, if Quebec discussing oil handling plan with Arabs By TERENCE CORCORAN MONTREAL (CP) Th Quabec government has been meeting with an Arab oil-pro ducing country which is seekin a direct investment in propose major petroleum handling faci' ties in the province. Q u e b ee c industry a n conimerce department spokes men say the government has lad contacts with Saudi Arabia he oil-rich Middle Eastern na ion ruled by King Faisal. Industry Minister Guy Sainl ierre said in a recent inter the Arab country ap- Droached the Quebec govern niiiit. He said Arab investment pos ibly could amount to a third in srest in a refinery project a SNOWMOBILE DEALERS Required Immediately The Edmonton based distributor of a popular leading snowmobile is seeking additional dealers in key Alberta locations. To this end a dealer meeting will be held in Edmonton on Sunday, May 27, 1973. For details on a profitable dealer arrangement, product information, and an invitation to the dealer meeting, please write Box 102, Herald gets you into the swim of things. Take the plunge: Join a Weight class today, WEIGHT WATCHERS' For Information Edmonton 424-6491 Rural ZE-M124 (Toll Free) During April Weight Watchers is contributing 5c per pound lost by members in Alberta to the Canadian Cancer Society. In this month our members lost o total of pounds. Taber Civic Centre p.m. Taber, Alberto Cardjton, AJberia p.m. and p.m. For information call ZE 06124 (toll free) some other oil facilities In the province. Industry and commerce de- partment officials said the Arabs are interested in some portion of the deep-water port pipsline and refinery system proposed for the south shore o the St. Lawrence River east a Quebec City. Other companies, including Ashland Oil Canada Ltd., 01 Calgary, have announced they are studying the feasibility o building a deep-water tanker terminal in the area of Gros Ca- eouna, 100 miles east of Quebec City. SEEKING OPINION Mr. Saint-Pierre has been canvassing industry opinion on tht feasibility of Arab participa- ticn. A n industry department spokesman said he understands about three meetings have been held with the Arabs, including one in New York with a Saudi Arabian prince. Poker champ [oses title LAS VEGAS, Nev. (AP) Thomas A. (Amarillo Slim) Preston has lost his bid to re- :ain his title in a hold em game being played in the burth annual World Series of Poker here. Slim, of Amarillo, Tex., was edged out of the game shortly >efore midnight Thursday night tvhen he lost a pot to Jack CTree Tops) Strauss, louston, Tex. Preston had won lie titla, as well.as in a 58-hour hold 'em game a year ago. Six of the original 13 players in the game at a down- own Las Vegas casino. The ontest broke up about 4 a.m. Friday after 12 hours of play. Each of the 13 bought into the game with worth of >lack chips. The game, a of seven-card stud, nds when one man has all the hips. they're on the proper diet. To ensure that the bugs are kept eating and oil slicks are degraded, or broken down, Dr. Townsley has developed a bacteria food, a nutrient that supplies everything a bug needs except carbon. The carbon would be sup- plied by the oil slick. In an interview, be said na- ture found a way to handle oil spills long before man arriv- ed on the scene with, pipe- lines and super-tankers. "If I take a handful of soil, there are millions of bacteria and about a quarter of them will convert oil, some of them very, very Dr. Townsley said. This is worid wide. Here, in the south and in the Arc- tic, there will be organisms that will take care of oil. However, these bacteria need other nutrients besides oil for growth and multiplica- tion." DEVELOPED NUTRIENT Dr. Townsley said he has developed a nutrient that would cause bacteria to elimi- nate a light oil slick in as lit- tle as three days. He said the nutrient, a grey powder that resembles pow- dered day, is coated with a substance that attracts it to oil. "The nutrient will work its way right into a slick, ena- bling the bacteria to go to Dr. Townsley said. "If a spill were to occur in an area where there was no natural nutrient on the water, the oil would continue to float there for months without breaking down." Dr. Townsley said his nu- trient would ultimately pro- vide the final line of defence against oil spills. "If the nutrient is used on a slick and the slick latei gels on boats, rocks and logs, it will continue to degrade be- cause the bacteria are there to work on it. "If you use straw to soak oil from beaches and add the nu- trient, the straw will compost rather than just hanging around as oil-soaked straw.' Dr. Townsley stressed that the prime importance in a spill is getting the nutrient to work early. "Oil is volatile. It's been said that after three months or more only about 15 per cent of the original spill is left and this is an asphaltic mate- rial that resists degradation." He said the nutrient has yet to be tested in open water. :However, nothing in our lab tests indicates it will not work." WANTED SCRAP IRON NOW PAYING MORE FOR ALL TYPES OF SCRAP METAL Farm Industrial Anything of Iron! COPPER BRASS RADIATORS BATTERIES CAST IRON Truck Leads Carloads Truck Scales Magnet Crane Service National Salvage Company LIMITED NEW LOCATION 206 33rd Street North Phone 328-1721 "Scrap Is Our Business" Car far son Wilfiam Chambers looks at a gasoline-powered car he built for his 12-year-old son Scott, who suffers from muscular dystrophy. Powered by a lawn mower engine and controlled entirely by hand levers, the car has en- abled his son. to enjoy a feeling of freedom and inde- pendence other children take for granted. Acupuncture trials to start in Alberta EDMONTON (CP) -Clinical trials on acupuncture will be- gin at University Hospital in 18 months, says Dr. John Mcln- tyre, professor of anesthesia who recently returned from a Canadian medical delegation tour to China He said in an interview that there are "strong indications" that acupuncture can be ap- plied in Canadian anesthetic practice. Dr. Mclntyre said it will take about 18 months to bring Chi- nese doctors to Edmonton to teach local doctors about the ancient Chinese art of need- ling- He said acupuncture does not produce anesthesia. The word anesthesia implies unconscious- ness but "in the state induced by acupuncture, the patient is awake" and does not feel pain. Acupuncture will not replace conventional anesthesia, he said. Even the Chinese doctors reject 10 per cent of applicants for the needling method because not all patients are suitable for it. CAREERS DRUG STORE OPPORTUNITIES! New drug store group being developed in Cal- gary and Edmonton areas to meet advancing com- petition. Pharmacists interested in obtaining retail loca- tions and joining for group benefits contact Box 101> Lethbridge Herald a INDUSTRIAL DEVELOPMENT BANK Requires a Secretary Applicants must be well experienced and willing to accept responsibility, and should apply in writing stating background, experience and salary required to: Mr. J. E. Evans Suite 205, 740 4th Ave. S. Lethbridge Applications will be handled in a confidential manner. SALES MANAGEMENT Crown Zellerbach is seeking an experienced Retail Sales Manager to join its expanding "HomeTown" Home Improvement Centre Operations. Previous retail experience is essential, and hardware, housewares knowledge is preferred. This position is located in Calgary, and offers excellent salary, company beneftis including a plan and excellent opportunities for advancement. Apply in writing to: Mr. G Badham, HomeTown, 9950 Maeleod Trail, S.E., Calgary, Alberta. T2JU3K1 HomeTown Saturday, May 19, 1973 THE LETHBRIDGE HERMD 21 Lumbermen look to Japan for an alternate market VANCOUVER (CP) Lum berman in the British Colum- bia interior are looking to Japan as a potential alternate market to lessen their dependence on the United Sates market, spokesman said this week. Van Scoffield, secretry of the northern interior lumber sec- tion of the B.C. Council of for- est Industries, said sales to Japan will be explored during the visit of three members of a Japanese trade delegation now iouring B.C. Mr. Scoffield said U.S. mar- ket influences dominate the B.C. forest industry almost completely. "If we succeed in interesting Japan in our exports, we will have an alternative to the Am- erican Mr. Scoffield said. "While the Japanese market wouldn't be that large, it would dampen the ups and downs of the U.S. market and be a sta- bilizing influence." A seven-member Japanese trade mission is touring the B.C. lumber industry to examine its potential both as a source of lumber for Japan and as an investment area for Jap- anese capital. Japanese capital already is involved in several B.C. forest operatons, including the Cariboo pulp and paper mill at Ques- nel, and a number of sawmill operations in northern B.C. Farm loan available EDMONTON (CP) A guar- anteed loan of Is avail- able to Alberta farmers under a native range assistance pro- gram on privately-owned land, the department of agriculture said this week. The loan is available from banks and treasury branches if the land is developed as agreed and maintained as pas- ture. The government will pay the interest for five years on the loan. Earnings up CALGARY (CP) Wainoco Oil Ltd. earned or nine cents a share during the three months ended March 31, up from or seven cents a share a year earlier. Gross revenue rose to 061 from CAREERS MAY 14, 1973 BE IN BUSINESS FOR YOURSELF Career Opportunity as representative for one of Alberta's most progressive marketing outlets. The per- son we seek is successful at his present job but some- what impatient with his progress. The applicant must be sales oriented and have an interest in people. We offer unlimited earning potential and the independence of his own business with no capital outlay. We Provide; 1. Company Training. 2. Opportunity to me o management when qualified. 3. Stock Option Plan. 4. Exceptional fringe benefits. The Individual must be mature, neat in appear- once and own a late model car. Please send resume tot Box 103, Herald presents vessel inspection engineers FOR, EDMONTON The Department of Manpower and Labour have sev- eral excellent opportunities in the Edmonton, Alberta area, for engineers to work in the Pressure Vessel Inspection field. THE WORK: All positions offer an interesting career involving inspection work to ensure that boilers and pressure vessels are fabricated, installed and operated safely, in accordance with The Boilers and Pressure Vessels Act. Duties include service and field inspec- tions of new and existing power plants and pressure plants, and shop inspections of new boilers and pressure vessels. EXPERIENCE: To qualify for these positions, applicants should have at least 5 years responsible experience in the design, fabrication, installation, operation, maintenance or inspection ot power plants. EDUCATION: Senior Matriculation plus a First Class Engineer's Certificate are required, or an equivalent combination of these qualifications and experience. REMUNERATION: Salary range for entrance level is to per year. Excellent opportunities exist for advancement to full working level where the salary range is to after success- ful completion of training programme. Competition Number 6003-1 Closing Date June Applications should be submitted to the: Government of Alberta Personnel Administration Office 500 Terrace Building Edmonton, Alberta GOVERNMENT OF ALBERTA ;