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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 23, 1971, Lethbridge, Alberta Turjdoy, November 23, 1971 THE IE1HBKIDGE HERALD 15 Mighty market U.S. bill could put crimp in Canadian business WASHINGTON 'Clji The nation whore a and unequalled any- till con'riim-d S'enatc cosilv passed M lo ,10 mcnls emergency exisu. l-ist night ii fattened Tho president could levy the Hie final .Senate tn tutc.it hill designed to surdJKe or set quot.s on a many stimulate the United Slates product-by-produc', country-by- to ciKourd, economy Amendments in the country basis. In the event of mtdernmition of p 1 a n t and measure could severely hurt Ca- I such an emergency. rcslnc" am> Rue a nadian hasincss and trade. i lions could be devastating to i I, export tales. The hill also includes a con- i Canadian trade with the 1 .5., But n provides tax cu Irovorshl amendment allowirK i involving more than S20_billion i Jiejond Ins federal treasury to bankroll I In ni-n to complct" on the bill. S'.Ti.V' r -''I''-1' in- to exeiKpi .-.i, lO-pcr-'-en' Ill W LA VIUILIUII i0SrMnfcrrnceTimSce0nfi MlSCCllaHCOUS TORONTO (CP) Western oil issues plunged sharply lower for the second consecutive .session as prices in all major was off SI lo SM'i, Nor-ancia SI to S26 ScoLt hasallc to S'J, Pacific Petroleum o Mcore Ccrp. lo S14 and House of Represent- atives members. A House Vancouver, Calgary, Montreal ..iirv'S10frotn 'the' Senate! (Supplied bv Doherty, Roadhouse and tors of the Toronto stock Petroleum to i measure, and the conference j LAST BID OR SAI.K moved lower in moderate mid- Texaco Canada rose in committee is expected to do m o', omits) a.m. ovctesi in mcming trading and Alberta Gas ano Ui ,omc trimming. After the com-! WESTERH OILS E2y on w..-uai Gr f The western oil index i millce debates the hill, it must n !t> t dmvn 3.53 to 1114. 5-1, loo back loboih Houses for pas- i A'la E, v.i OIK w !i v' G- .It5 to 162.11. golds .3.) to YORK (AP) After do- HU-'V c i ws- :.r- P'.n-.bai G- and rase metals .20 to modestly earlier today, A in committee BP oil ;o irw Volume bv 11 a.m. was market prices strength- is cxpcctefi ,0 reached after '.n 3 EO shares, up 'from at the same time Monday. Banking, merchandising, somewhat by noon. Tra linn" lo work In o-pand o--v Herald diiaiva liiirraii rrsponsihle (or the Canadian share of l.his primp market." wheat hoard Mr Lang said. OTTAWA- -Manpower and im- opiimKm 1-ow lie told Mr. Tanoka that mignilion minister Olio Lang Lang did nol rcpori nadi.in firms have optimistic Monday 01 studiei ot .InpanCM- tastes 16 yrais in a ionic in Edmonton. t'iiliada coliid sell mon1 jjiicmp's lo t'et .l.'iiian lo and can pi evince harloy, nipcseeil and meal lo JH impon ixvlnclions. 'which will satisfy (he have full-lime rmploymcnt in Edmonton. Japan. lie nu-rclv reporled a favorable marki'l. He visilod a some child care experience. Furnished aflov I'.vo (lavs ol reception 'and the (act lh.nl Ilic i nll'nt display o( supplied. Terms lo bo intensive lalks with Japanese I .laiianosp MH! Ihev would re- dinn chilled beef and frozen officials m Tokvo, arrived in view the silimlion.' Products in writing to D. L, Kom: Monday and issmx in_a Canadian prouiot.on ,1 press release saying the .la- ,1nil J1r. m-n.H-emuit trade mdlislry of pork (h" n'ls r M and institutions Kakuei Tanaka. inch- nKomcr of Ihc calc.l "a real lo 'M the of Health and give the Canadian point of view he asMiml lln- .lapa- V H considenilion. pro ''I'A'en Iliougb our t( vide a eonsliini .supply of IMXCII .si-owing en ley 10 meet Iheir rcqinrciiienl.s growlh. 1 m.'ide it ,ind would continue lo pnn ide lluit we our pro hreeduig slock In dncl.s arc loss competitive in help huild up the iMialilv ol V.'lNMI'l.l, Ul'i Street and 98 Avenue, Ilic J.'ip.-uic.'-c market bcc.-m.'-e Japanese herds and flocks. Ivcf futures Miliicct lo nnporl con "T h r arc vi .i'l. are llol to forward to CN ,'IIHI anil nipi'sccd is i-.vcs'i-d pnnded jinixi'ds of ment and Kndiiy's volume. 10 luglier larifl levy than soya 1 feed grain and wo must con- i SO sale shor v.TMon include tlif ion lor flonKstic intrnKiiio.uiI ales coi'jKji Sut-'h a cnr- poralion. or UlSf. could offer (si) much of ii i mroMjf1 fioin effect uould he to enroling? I S :cs in CnriJKJa and otli-r '-01111- I'.S S'idi firms umiid f.l-o popular in ;m in markets r.-tnjidii find the V..S. pi'OMMuri si it scvcn-pcr-crnt to I'.S! firms i! in ivj'upMicnt -provided tin- i-. purchased in but no' il it is Ixmy.t i n; foi'i'lii'll ri'.ovisiov Tb" Sfiuiic addr-rl thr ram provisinn. whifh tened .nance rif ;a'e- the bonds Aficr the e-moum of old bonds in. that me ails >2.2'i8 bilii'i'i "i new money has been put .nto bonds the highest for Canada S.v. mgs Bond5. dwarfing the just- over SI billion in ne; purchases of the fall series. The 2tVriay interval hi-.wi-Hi offering of thl- year's -erie> '1 bands Xov. 1 and their with- drawal i.> a record. Imperial profit dips I he carhrs! wnliq; jr.i.ii had been in December. of bonds from is a sien lh.it Ihc interest oiffiTii is Inn (illraclive. ing money away from ('.n1. iine.-linc-uts. [old don't t offer ear earlier. A report to shareholder." shows that revenue for the year was a drop of more than SS6 million from the pre- vious year. The statement said lower interest rates during the vear were the main cause for the decrease. Total assets at A ?hr.rcs ?20 far every five Beaver Lumber class A shares. Beaver Lumber has 3.216.000 common and class A outsianoinp ard the Molson of- fer i> climated at milliun Hoiisinj: loan for Indians IDB APPOINTMENT Disaster biui get for campus EDMONTON >CP> The ,........._ ......___ con- sidering a "disaster budget' just in case the provincial gov eminent decides to limit the university's operating grant sharply, says Dr. Max Wvman. The university is merely try- ing in be prepared for all even- tualities, the president said in an interview. Deans and department head? Uu-efore were "being asked to prepare estimates of the Iras; kinds in Canada, announces amount of monev they can the jij'pointment of .1. F. work on for the 'fiscal' year, April 1. 1972. 10 April 1. ,h.f Tin- university a w.is :m of ?Ut million for the currcnl ('on-, m! !rr