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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 14, 1974, Lethbridge, Alberta Saturday. September LETHBRIDGE HERALD-1 U.S. forces pull out BANGKOK (AP) The United States Air Force has pulled out of Thailand's Takhli air base for the second time in three years, U.S. military au- thorities said Friday. The withdrawal is part of a scheduled force reduction that has cut U.S troop strength in Thailand to from about a year ago FIRST IN HAMILTON The first telephone ex- change in Canada was opened in 1878 in Hamilton. SCHWARTZ AGENCIES (1972) Ltd. HARRY HUDSON The Action Agency has a new member, and we're proud of it Harry is well known in South- ern Alberta as a golfer, curler, and all around sportsman He has worked in many service organizations to improve our community life Harry has lived real estate since 1948, has owned an agency and has sold all kinds of properties Experience Service Results Harry and the Schwartz team sound similar, don't they9 To get your re- sults call us at 329-3331 NO shortage Mortgage rates unlikely to drop Mixed weather bag Temperatures are expected to be mixed across Canada over the next 30 days according to the United States Weather Bureau long-range fore- cast. This is not a specific forecast and changes may occur. of sugar OTTAWA (CP) Beryl Plumptre, chairman of the food prices review board, has denied reports of a sugar shor- tage in Canada. "There is absolutely no rea- son for panic buying and hoarding by Mrs. Plumptre said in a news release Friday. She said the board con- ducted inquiries into the availability of sugar following "a rash of 'scare' stories carried in the media recently about the possibility of shor- tages and wildly unrealistic prices." Mrs. Plumptre criticized consumers who had stocked up on sugar in anticipation of shortages and higher prices. "I have been assured by those closest to the sugar trade in Canada that we have ample sugar stocks and people who say sugar is going to a dollar a pound next week are being irresponsible." SOLID SURFACE Toktoyakuk, N.W.T., is built on ground permanently frozen to a depth of more than feet. OTTAWA (CP) Housing mortgage rates are unlikely to drop for some months, say top builders and mortgage lenders, and, in fact, may rise. Ernest Assaly, president of the Housing and Urban Devel- opment Association of Canada says rates may start climbing again in the next few months. However, top bank' econo- mists suggest the outlook may improve next year with mort- gage rates falling slightly.' Some say inflationary pressures will ease and others look for changes in other interest rates encouraging investors to put more money into mortgages. At the same time, real es- tate experts and money lenders agree that the amount of mortgage money available remains tight. Interest rates for first mort- gages now are about 12 per cent, a three per-cent increase in the last 18 months. The higher interest rates and the shortage of mortgage money has helped dampen demand for single-family homes, in some cases driving down prices. Mr. Assaly said in an inter- view this week that Canadians are lucky that mortgage rates are only 12 per cent. They were as high as 15 per cent in some countries, such as Britain United States mortgage rates, though, are about two per cent lower than in Canada. The HUDAC president sug- gested that if Canadian rates ,follow world economic trends they will rise. Many people are waiting for mortgage rates to go down be- fore buying, he said. "But I don't think they are going to go down Doug Peters, vice-president and chief economist for the Toronto-Dominion Bank, said in a telephone interview from Toronto that mortgage rates are most likely to stay at current levels for months. He said that rates will prob- ably ease in the next year but not significantly. He indicated inflation might slow a bit next year, affecting interest rates. Forrest Rogers, senior economist with the Bank of Nova Scotia, said he expects mortgage rates to remain at about 12 per cent until the beginning of the year. But they would probably decline some by next June. SHORT-TERM DROP The bank economist said short-term interest rates will probably drop two or three per cent in the coming year as fewer people borrow money for short periods. Mortgage rates would be af- fected by this to a certain ex- tent. With the economy slack- ening, funds would likly move to longer-term investments like mortgages This would help reduce mortgage rates though the pressure of inflation would probably keep them fror dropping sharply Mr Peters said there re main problems in gettin mortgage money Banks am other lending institution1 were being more selective i approving loans .Mortgage lenders are stu demanding high dow payments partly to discourage speculators, he said Try Before You Buy UP TO 30-DAY TRIAL ON YOUR DOCTOR'S RECOMMENDATION MAICO SMITH-JONES (HEARING AID SERVICE] RIPLEY OPTICAL 618 3rd Aye. S. Phone 328-5447 British in confused mood LONDON (CP) Britain poised expectantly this BUILD THESE BEAUTIFUL CLOCKS Now at BIG SAVINGS! Send just for plans and instructions to build choice of a) Grandfather orb! Grandmother or c) Upper Canada School or d) Steeple clock, plus information packed catalogue of movements, dials, parts and kits to build these and 14 other fine clocks. Ali 4 plans Catalogue alone .25 COLONIAL TIMES CLOCK COMPANY Dept. LH-7 500 Weber St. N. Waterloo. Ont. N2J 3Z6 (a) weekend for its second general election campaign in eight months, is wrapped in an atmosphere of uncertainty and confusion over the alarm- ing state of the country's economy. From financiers and stock- brokers, voters hear gloomy forecasts of an imminent, pro- longed recession From op- position parties flow daily pre- dictions of impending dis- aster. Right-wing activists are preparing private armies to help offset what they see as a coming social collapse and Liberal leader Jeremy Thorpe says flatly: "This country is rapidly approaching national bankruptcy." It is a season of mists and ram in Britain and the mood of these forecasters matches the weather. On the other hand, the minority Labor government acknowledges that things are bad but argues strongly that the economy now shows strong signs of improving. Ministers point to recent im- provements in the balance-of- trade figures and other in- dicators and say that within a couple of years the worst of the crisis may be over. The electorate's reaction is a combination of bemusement and typical, never-failing cynicism and good humor. 'roducer Saskatoon Requires a Managing Editor, Magazine Section Titos is a new position in the Western Producer, a Western Canadian weekly farm newspaper with a circulation of The position requires an innovative, creative per- son competent in feature writing and with good knowledge and interest in fiction. The successful candidate will also be responsible 1. Planning, organizing and developing the magazine section of the newspaper 2. Providing direction to freelance contributors 3. Managing staff 4. Recommending and implementing policy PLEASE INDICATE INTEREST IN WRITING BY SEPTEMBER 25 TO: Personnel Administrator The Western Producer Box 2500 Saskatoon, Saskatchewan S7K 2C4 for: oducer Saskatoon Requires a Managing Editor "PRAIRIE BOOKS" I I ii Prairie Books This is a new position in the ex- panding book publishing- depart- ment of The Western Producer, a Western Canadian weekly farm newspaper with a circulation of The position requires an innova- tive, imaginative individual with book trade experience as editor, familiar with marketing, sales and promotion University graduate preferred. The successful candidate will be responsible for: Expanding and developing the book department activities Establishing contact with and providing guidance to authors Developing new lines of material for publication Recommending and implement- ing policy PLEASE INDICATE INTEREST IN WRITING BY SEPTEMBER 25 TO: Personnel Administrator The Western Producer Box 2500 Saskatoon, Saskatchewan S7K 2C4 alberta employers! a' blue collar' investment pays big dividends. Unskilled people can become more valuable to employers and to themselves through the Alberta Apprenticeship Training Program. It's a program that helps Alberta employers improve the level of employee skills available to their industry; and helps "blue collar" workers achieve professional status in trades occupations. Apprentices make good employees, too. As they learn more they become more valuable to you their employer. Right now there are 35 designated trades available under the Alberta Apprenticeship Training Program. Your investment in training a "blue collar" worker is small when compared to the return you'll receive by having qualified trades people on staff. For more information on the Alberta Apprenticeship Training Program apply in writing to: Apprenticeship Registry 6th Floor, IBM Building 10808 99 Avenue Edmonton, Alberta OR contact the following office of the Apprenticeship and TJ Branch Lethbridge Administration Building, 9ih Street 3rd Ave N 328-4471 MANPOWER AND LABOUR Apprenticeship Branch ;