29 Aug 1975
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Aug 29, 1975
Page
1
Vancouver area shops rush to cut inventories as a potential strike lockout could affect 125 stores on Tuesday. Woodwards predicts crowds despite remaining open, while Safeway Super-Valu closures threaten 60 percent of regional food sales. Perishables rise and prices fall as shoppers stock up before possible disruptions.
H A Hampson, president of the Canadian Development Corp, reports dealers favorably after revisions to the proposed stock issue orienting toward investors. Dividend raised to 8 percent and the money-back guarantee period cut to five years, with the offering aiming to raise 100 to 125 million dollars.
Transport Minister Jean Marchand forfeited his driving privileges for one year and paid a 200 fine after pleading guilty to leaving the scene of an accident. In Ottawa court Judge Robert Hutton indicated he would have been found guilty.
Air traffic controllers threatened an illegal strike at 3:30 a.m. Sunday to protest government plans to transfer duties to assistants from another union. Transport Minister Jean Marchand offered a delay until next week for cabinet hearings. If enacted the move could halt most commercial flights during Labor Day weekend and trigger emergency measures.
Ottawa reports Prime Minister Trudeau returns from Arctic trip to a cabinet swearing in seen as likely elevating Pierre Juneau to communications minister. Gerard Pelletier resigns to become ambassador to France amid Ottawa Quebec clashes on cable television and jurisdiction.
A final decision on whether Montreal should buy the retired luxury liner France and convert it into a floating casino will be taken in mid September. An aide to Premier Robert Bourassa said the plan remains under study and not yet approved.
Washington AP The U S agriculture department revised Soviet grain output downward by five million metric tons to 175 million across all grains, citing new planting area data from the Soviets under the 1973 information exchange agreement. Wheat 85, coarse grains 77, other grains 13 million.
Aides say Henry Kissinger will postpone his United Nations address until Sept 3 as talks with Israel and Egypt near a final pact. The plan includes Israeli withdrawal behind Sinai passes, return of oilfields, and U S civilian surveillance posts.
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