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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 21, 1974, Lethbridge, Alberta Argentine coins in short supply By JORGE ROCHA BUENOS AIRES (Reuter) a packet of cigarettes in Argentina and you are like- ly to get your change back in the form of matches, sweets or aspirin, whether you need them or not. If you go into a grocery store you will probably walk out with more than you in- tended to because of an acute shortage of coins. On some bus lines, drivers who run out of coins sign a voucher on the back of the tickets to enable passengers to collect their change at the line they take the trouble to go that far. No one can say he has not been warned "We have no "Please pay with the exact amount" and "Bring your own change" are some of the dozens of makeshift signs appearing in shops, on cashiers' desks and in ticket windows throughout the coun- try. Authorities say they are en- countering difficulties in min- ting new coinage but that there is a sufficient amount in circulation and blame the shortage on hoarders. Those who pretend to be in the know will tell you the "real" reason behind the shor- tage. One of the most widespread theories is that coins are being smuggled out of the country to be made into washers. Another is that they are be- ing melted down because their intrinsic value is higher than the values they represent. 1 But experts say the alumi- nium from the tiny one-and five-centavo coins and the copper alloys from the slight- ly larger 10-, 20-, and 50- centavo coins would hardly justify such an operation. These small diameter of the one-centavo coin is about three-fifths of an inch and of a 50-centavo piece about four-fifths of an inch- were introduced in 1970 when Argentina lopped two zeros off its highly devalued currency. This turned one old peso into one centavo and 100 old pesos into one new peso. But as inflation continued, the one-centavo coin and, to some extent, the five-centavo coin, became virtually obso- lete, with people preferring to deal in round figures. Carnival life an eye-opener ESTEVAN, Sask. (CP) A go-cart ride at small Prairie carnivals started local brothers Bob and Doug King off on the road to big-time car- nivals and fairs in North America. "It was really an eye- says Bob King, recalling the days with the go- cart in the early 1960s. "Peo- ple figure it's a pretty easy life working on the midway, but we're dealing with the public and five per cent of the people can make things bad." King Enterprises Inc. now provides stage sets, lighting and sound systems for grands- tand shows across Canada and the United States. Bob, who teaches during the winter, and Doug, master car- penter for the Royal Winnipeg Ballet, moved into the larger fair circuit in 1971 when they bought a major grandstand scenery and lighting com- pany. "We're incorporated in the states, but we are all Cana- says Bob. The Kings have three tractor-trailers to cart around their equipment and can operate at three fairs simultaneously. The only operating costs for the a-year operation are gas, oil, tires and new scenery. WORK ON FLATS They make most of their scenery and can usually be seen on spring afternoons painting and constructing sets on the river-bottom flats near this southeastern Saskatchewan community. Exhibition boards rely on companies like King Enter- prises to provide variety in stage shows from year to year. Airplane order rescues Rolls-Royce LONDON (Reuter) Saudi Arabia's national airline came to the rescue of Rolls-Royce this week with an order that seems likely to ensure the go- ahead for a new engine being developed for Lockheed and Boeing aircraft. A Lockheed spokesman said the Saudi airline Saudia had ordered two Tristar aircraft with the upgraded version of the RB211 engine. The order opened the way for the British government to lend million to get the known as the RB-211- off the production lines. The project had been stalled by government insistence that no money could be lent before someone ordered the engine. Boeing, for one, had said it could not place firm orders for an engine that had not been built. The break in the deadlock removed a financial question mark that had been hanging over Rolls-Royce. The com- pany went bankrupt in 1971. and had to be nationalized because of losses incurred in building the original RB-211. Industry Minister Tony Benn was meeting Rolls- Royce trade union leaders when news of the Lockheed deal became known. He promptly assured them that once the Tristar deal was offi- cially confirmed, there would be no obstacle to providing the cash. APPOINTMENT PATTOMPKINS Wit Hrjmz Lueders. Presi- dent ol Arctic Transl! S Concrete Prodttcls LJd is 1o announce "ie at'po inlmenl of IP M as General Manager o1 1he lelhbrtdge Planl Ttiis appoinlmenl coin- cides with ihe 01 OTpdwclion Iforn our new localed aJ 6Jh Avenue and 301h SUeeJ Norlh which 1-ea1ures Hhe largest cement storage ca- pacity o1 any plant in Letti- bTidqe Pat was born and raised m IcttifeTKjge and tn the sate and produc- tion o1 cement products this along with a fleet hc half-wild sheep IOOK after themselves on Linga Holm without shepherds or flock management. The animals are tough and prolific, often producing twins or triplets. The island affords shelter from the wind as it rises to a low hill in the centre and there is plenty of fresh water in a small lake near the coast. Grain moves ASTORIA, Ore. (AP) More grain is being shipped through the port of Astoria because of a strike by grain handlers in Vancouver, B.C.. the port reported this week. A port spokesman said three ships carried metric tons of grain from the port during July, before the strike started, while seven ships will carry tons of grain from the port between Sept. 15 and Sept. 30. Much of (he grain is being exported to Korea and Japan. WINNIPEG (CP) Visible supplies of wheat for the week ended Sept. 11 totalled 215.1 million bushels, slightly lower than the 217.1 bushels on hand a week earlier, the Canadian Grain Commission stated this week in its weekly statistical report. Supplies totalled 193.9 million bushels a year ago. Farmers' marketings for the week came to 5.4 million bushels, more than double the week-earlier figure of 2.3 million bushels but only about half of the 10.6 million bushels marketed in the corresponding period of 1973. Exports were nearly unchanged at 4.7 million bushels com- pared with 4.5 million bushels last week. A year earlier, 6.5 million bushels were exported. Supplies of other grains, with the previous week's figures in brackets: Durum 30.2 million bushels (29.5 oats 17.2 million (17.6 barley 127.2 million (128.3 rye 10.3 million (9.0 flax 5.8 million (6.0 and rapeseed 12.0 million (10.5 FARMERS' MARKETINGS: Durum 1.1 million bushels oats 600.000 barley 3.3 million (1.1 rye 1.6 million flax 100.000 and rapeseed 1.6 million EXPORTS: Durum bushels (1.7 oats barley 1.0 million rye nil flax 200.000 and rapeseed nil Total grain stocks at Thunder Bay were at 68.6 million bushels, virtually unchanged from the 68.2 million on hand last week but more than three times the 22.2 million remaining in the corresponding week last year. Toronto department store sells silver Appointment! Brian F. Quittenbaum F. E. Quittenbaum President of Crestline Buiid- ers Market Ltd. announces I the appointment of Brian F. Quittenbaum to the position of General Manager of its operations. JOE WEERSTRA BUNGE CORPORATION LIMITED 15 pleased to announce the appoint- ment of Mr Joe Weerstra as Alberta area manager with current office in Calgary Mr Weerstra has had 27 years of diversified experience in the gram business with the Alberta Wheat Pool His valuable understanding of producers marketing needs com- bined with Bunge's Knowledge of the World Market, will a great asset to the Western Canadian Agricultural Community BUNGE CORPORATION LIMITED has been established in the Canadian grain business since 1929, with offices m Vancouver. Winnipeg. Montreal and operate a large transfer elevator in Quebec City, employing an overall total of 200 Canadians H. H. Smith Ltd. Broker courts Homt Office Phone 944-3122 TORONTO (CH) The Bay's new five-storey depart- ment store in midtown Toronto has a special sale this silver bars for each, or more than banks are charging. Clerk Doreen Hertz sold three of the bars Tuesday in the classy new store of the Hudson's Bay Co. at Bloor and Yonge streets. Customers may purchase the silver bars with their Bay charge cards. The store will even take mail orders. The silver price quoted Tuesday by one dealer was an ounce but this was based on commercial trading in New York, and not available to the ordinary investor. Mehdi Kassam of the Bank of Nova Scotia said his bank's price for a 100-ounce silver bar was United Slates, or about in Canadian funds. Why would anyone buy the higher Bay bars? "The thing is. we don't advertise." Mr. Kassam said. "They advertise, so they have the advantage." Miss Hertz, 20, operates the concession for Benny Lee Ltd. of Vancouver, which pays the Bay 15 per cent on its silver sales, and must add this to the price charged customer. She said the Bay offer is also attractive because of its buybadk guarantee. "We'll guarantee that since you paid we'll pay you she said. "If the price of silver goes up, you'll get more, but if it goes down you'll get EATING MORE BEEF In the last 20 years, annual beef consumption per person in the United States has doubl- ed from 56 pounds to 115. (3 Year Term) GUARANTEED SAVINGS CERTIFICATES Interest payable monthly, quarterly, eemi-annually or compounded to maturity. Member Canada Deposit Insurance Corporation Depositors can purchase Olympic coins FARMERS MERCHANTS TRUST 309 7th Street S., Lethbridge Phone 328-5548 INTRODUCING TELEPHONE 329-4444 LAUCHIE CH AMPNEY HARVEY PINNOCK John Vargo, General Sales Manager of Enersons GM, is pleased to introduce lo Southern Alberta our two new salesmen Corne'in today and make a deal with Lauchie or Harvey. ENERSON'S PONTIAC BUICK CMC IF YOU'RE CONCERNED WITH STRETCHING A BUDGET, LOOK INTO YOUR CREDIT I a' T.v? w V NsW. W Send my free copy erf The Con- sumer s Guide io Albeia Credil Unions 'o NAME ADDRESS Mail So CREDIT UNION FEDERATION OF ALBERTA 14OO HlSVMl Ca'cwv Alhena TTfl OVS ;