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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 25, 1974, Lethbridge, Alberta TnurMiy, April ZS, LETHiRIDOl Improves service Officials of Montreal-based Multiple Access Ltd. and The Manufacturers Life Insurance Co. admire newly installed million IBM at Manufacturers' head office in Toronto. A joint venture between the two companies will create the largest data processing service in Canada. Tighter controls on oil companies not needed VANCOUVER (CP) A spokesman for Imperial Oil Ltd. said Wednesday that tighter controls on oil companies proposed by the British Columbia government are not necessary and are contrary to public interest. Gov't optimistic on crop forecast EDMONTON (CP) An optimistic Alberta crop forecast was made Wednesday by a provincial agriculturist despite heavy flooding. Howard Fulcher, regional agriculturist for Edmonton, said there are good possibilties that many farmers now doubtful of their future will be able to seed crops this season. Mr. Fulcher predicted a 10-day delay in normal seeding operations but said a week or so of warm sun and drying winds should place much of the currently-soggy topsoil in shape to handle seed drills, discs and harrows. Mr. Fulcher said the flood-stricken Barrhead area of central Alberta is [raining well and there does not appear to be major erosion. He said more than acres of last year's crop, still in the swath, was washed away in floods of the Paddle and Pembina rivers but some of the grain still in the fields would be retrieved. Heavy runoff also has been experienced near Bently, about 100 miles southwest of Edmonton, but residents said they are convinced delays will be slight. Clifford Goddard, corporate manager, said there is no evidence that price controls have ever benefitted the consumer in North America. "On the contrary, evidence from the market place is that intense competition and gasoline price wars have benefitted the he said. Legislation was introduced Wednesday prohibiting any increase in the price of petroleum products without prior approval of the B.C. Energy Commission. Mr. Goddard said the proposed changes impose on government the responsibility for prices and'for supplies of petroleum in the province. He said controls jeopardize future supplies because the industry must have "confidence in the future in order to make plans and decisions." Attorney-General Alex Macdonald, who introduced the legislation, said the government has determined that an 8.5-cent-a-gallon increase in gasoline prices will be hitting B.C. next month because of the recent increase in the wellhead price of crude oil. Warning issued on danger of too many retail stores TORONTO (CP) Some Canadian cities are in danger of being flooded with too many retail stores, G. Allan Burton, chairman of Simpsons Ltd., said at the company's annual meeting Wednesday. In spite of rising inflation and commodity shortages, he said, retailers across the country are rushing to build more stores and facilities. "Retail stores are being built at a tremendous rate and the financial analysts are con- cerned about some major Strong dollar is threat to auto parts industry WINDSOR, Ont. (CP) D. S. Wood, president of the Automotive Parts Manufacturers Association of Canada, says the strong Canadian dollar is seriously threatening the parts in- dustry in this country. He told the association's an- nual convention Wednesday that auto parts manufacturers soon will be in a perilous position unless the federal government takes corrective measures. The over-par Canadian dollar, which, makes importing of secondary manufactured goods more economical, is "a punch in the belly that hits us now and the question is how long can we expect the dollar to remain strong." Delegates were also told there is a strong possibility that General Motors of Canada Ltd. will gradually eliminate production of Vega and Astra subcompact models at its St. Therese, Que., plant in 1975 and replace them with intermediate and larger models. Earlier this year GM officials denied such reports. However, the parts manufacturers say they feel it will be part of the automotive industry's changing model- mix planned for North American assembly plants. The parts manufacturers stressed such a move might not harm the Canadian industry because the two models will be replaced by others, although the replacements might be less popular on the market. The United Auto Workers union in Canada has expressed concern that the models now being produced in Canada will be shifted for production in the U.S. to offset big layoffs there. The association also learned Wednesday that the U.S. plans to impose duty charges on im- ported Canadian truck move the parts manufacturers say is in direct violation of the Canada-U.S. auto trade agreement. Change hours VANCOUVER (CP) The Vancouver Stock Exchange announced today it will be open from 7 a.m. until 2 p.m. when daylight time comes into effect Sunday. The exchange followed the lead of the Toronto Stock Exchange, which decided to retain its usual summer hours, from 10 a.m. until 5 p.m. the Montreal Exchange earlier decided to open at a.m. metropolitan markets becoming over-stored." Mr. Burton said there is good reason for the concern. Many of the new outlets are being opened by so-called discount or "no-service chains" and many are in inferior locations. This year Simpsons plans to open new stores in Richmond Hill near Torcnto and Windsor, Ont. A new store will be opened in Kitchener, Ont., next year. As reported earlier, Simpsons net earnings for 1973 declined to or 50.5 cents a share from and 51.3 cents a year earlier. Resume trade on CP stock TORONTO (CP) Shares of Great Plains Development Co. of Canada Ltd. resumed trading on the Toronto Stock Exchange today following announcement that Burmah Oil Co. Ltd. has offered to purchase at each all the Great Plains shares it does not already own. Trading in shares of Great Plains, which has its head of- fice in Calgary, was suspended late Wednesday. At the opening today they were quoted at up Burmah, of Glasgow, Scot- land, said it has submitted a proposal to Great Plains directors for acquisition of all remaining shares. A wholly- owned subsidiary, Burmah Oil Canada Ltd., has held about 65 per cent of Great Plains shares since 1963. Under the proposal Great Plains and Burmah Canada would be merged. The Herald- Business Market prices continue sharp downward trend Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Dougherty Limited WESTERN OILS AND MINES Afton Mines 6.75 Albany Oil .43 Alta East Gas 6.25 Alminex Asamera 9.75 Ashland Oil BP Canada Brenda Mines 6.00 Cda Southern 3.60 Cdn Ex Gas 2.95 Cdn Homestead Cdn Ind Gas 8.00 Cdn Long Island Cdn Superior 46.25 Chieftan Dev. 7.75 Dome Pete 31.00 Dynasty 9.50 Fort Reliance .17% Giant Mascot 1.35 Gibraltar Mines 9.62VJ Granisle Grt Plains 37.00 Grt Cdn Oil 8.50 Lochiel Explor 1.96 Lytton Min 1.41 Noble Mines .60 North Cdn Oil 4.90 Numac Oil 14.25 PanCdn Pete Pan Ocean 11.00 Petrol 1.85 Pinnacle .36 Place Gas .40 Ponder .55 Ranger Oil 30.50 Seibens 15.00 Spooner .33 Total Pete 8.50 Ulster Pete 1 27 United Canso 18.37V? Westcoast Pete 4.60 West Decalta MISCELLANEOUS INDUSTRIES Acres Ltd 9.DO Aquitame 26.75 BC Sugar C Pfd 12.00 Block Bros 3 45 Cdn Pac Inv A Pfd 31.00 Carling A Pfd 21.75 Carling B Pfd Com Cap 2.80 Crest Forest Crowsnest Ind 27.00 Falcon Copper 11 00 F M Trust 4.75 Genstar 18.50 Home Oil A 44.00 Home Oil B 42.00 Hudson Bay 17.75 Hudson Bay Oil 39.25 Hugh Russ C Pld 66.00 Husky Oil Husky Oil B Pfd 36 50 Husky Oil D War 3.00 Husky Oil E War 7.75 Inter Pipe War 4.40 Inter S P Kaiser Res 3.80 Kaiser Res War 1.60 Loblaw 2.40 C Pfd MagnasoniCb 2.40 Pacific Pete 25.25 Pac West Air 7.75 Pe-Ben Oilfield 7.00 Ramer Inc 4.00 Royal Trust 22.75 Sandwell Teledyne Tnmac West Cdn Seed Westfield Min Weston A Pfd Whitepass Yukon PIPELINE STOCKS Alta Gas A Alta 4V. Pfd Alta Nat Gas Gaz Metro Inland Natural Gas C Gas N C Gas B Pfd Pac Gas Trans Tr-Cda Pipe Tr-Cda Pipe A Pfd Tr-Cda B Pld Tr-Cda Pipe War West Trans West Trans War 6.50 4.15 6.50 3.35 1.27 52.00 8.25 11.87" 61.00 18.50 5.75 10.12V 11.00 20.62V 10.37V 30.50 56.50 33.50 4.20 21.50 2.45 CALGARY Acroll .42 Barons Oils .09 N. Continental .02 Western Warner 29 VANCOUVER MINES Atlas Explorations .33 Bathurst Norsemines 1.37 Dankoe 2.80 Davenport .68 Dolly Varden .35 Equitonal Res. .14 Lornex 8.05 Northair Mines 2.60 Primer .07 Pyramid .10 Silver Standard 2 28 Valley Copper 7.00 INDUSTRIALS Columbia Brewing 2.75 Key Industries .08 Wardair 1.80 OILS August Petroleum .41 Plains Pete. .17 Ponderay Explorations .85 Stampede Int'l Res .72 MUTUAL FUNDS All Cdn. Compound 5.85 6.36 All Cdn. Dividend 6.14 6.68 All Cdn. Ventures 3.21 3.49 Amer Growth Fund 4.32 4.75 A.G.F. Special 2.22 Cdn. Invest Fund 459 503 Collective Mutual 4.78 5 25 Comnwlth Inter 13.29 Corp. Investors 5.79 6.36 Corp. Invest Stock Fd 4.40 4.84 Dreyfus Fund U.S. 9.98 10.94 Grp Income Shares 2.62 3.10 Growth Equity 6.48 712 Invest Growth Fund 11.40 1246 Investors Mutual 5.49 6.00 Mutual Accum 5.68 6.24 Mut Growth Fund 2.89 3.18 Nat. Resources 4.40 4.84 N.S. Cdn. 5.09 5.59 N.W. Growth 4.30 4.73 Principal Growth 3.97 4.36 Provident Mutual 7 06 7 72 Royfund 6.29 6.55 Templelon Growth 7.56 8.29 United Accum 4.16 4.57 Universal Savings 8.35 Vanguard 5.51 6.04 Toronto mines, industrials (Supplied by Richardson Securities of Canada) Tel 1 Forest Sugar A Valley Ind Ind O'KeeFe Cellulose Power Credit Gas Pfd Ind Marconi Vickers 5.62 Bathurst Gas Seagrams Bridge Textile Stores Pete Mobile Cnd Oil Motors Lakes Paper Oil 4 Sid Walker Erie Oil Nickel Pipe Grp A Int'l Accept Douglas A A Ferg Bloed Corp A B 20 62 Cent Corp Co CDA Sears Can 7.1 A Grp A Mt Pipe Cdn Pipe Carbide Gas Oil Siscoe Mlg A Cdn Seed Elec Imperial Scotia Dom MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Oickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Mantimes Grant Y.K. Granduc Hollinger Hudson Bay Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midnm Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Sunningdale Tek Corp. Texmont united Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknife Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Jannock Agra Ind Bell Tel Brascan A New York (Supplied by Richardson Securities of Canada) Amr. T T 25.00 Woolworth 17.00 Anaconda 46.75 Westmghouse Elec Beth Steel 32.75 US Steel Chrysler 16.75 Gen Tel Elec 2325 Comsat TORONTO AVERAGES Dupont 170.25 20 Industrials 197 04 down 255 General Motors 48.00 20 Golds 47963 down 14 70 Gul( 10 Base Metals 89.85 down 1 04 Int Harvester 25.00 15 Western Oils 221.62 down 3 39 Kenn Copper Volume Montgomery Ward 2337V, NEW YORK AVERAGES Sears 80.75 20 Industrials 827.20 down 5 16 Exxon 77.874 20 Rails 173.32 down 3.17 Texas Gull 26.25 15 Utilities 79 02 down 1 46 Texas Co 27.37V, 65 Stocks 254 82 down 2.81 Wix Corporation 13.25 Volume 10190 000 57.00 12.75 16.25 2050 24.50 13.50 9.50 3.05 22.50 2.30 9.37V, 3.25 17.50 15.75 14.25 28.00 24.25 1500 38.75 39.50 2400 10.00 13.75 30.75 28.25 5 37 v2 8.50 45.75 23.37 Vz 30.50 16.25 5.12''? 44.50 20 62V! 35.25 29.25 30.37V; 14.00 2.90 5.25 9.25 3.65 12.50 17.00 27 87 Vi 4575 21.00 21.00 6.50 10.25 14.00 5.87 V, 16.62V; 7.75 28.50 13.00 44.75 13.62Vz 30.50 1800 8.87 "2 12.50 6.75 21.00 21 50 21.75 3.35 3.00 27.50 17.75 34.25 3500 TpRONTO (CP) All major indicators of the Toronto stock market declined sharply in moderate mid-morning trading Thursday. Analysts said the prospect of a federal tax on excess profits caused further weakness in the market, already depressed by high interest rates and inflation. The industrial index, widely-based indicator of market trend, was off 1.81 to 197.78. The index closed Wednesday at a 22-month low. MONTREAL (CP) All sectors continued their downward trend in light trading on the Montreal Stock Exchange today. Volume at 11 a.m was 513.100 shares, compared with 368.400 at the same time Wednesday. The industria! index dipped 2.22 to 218.07. papers 2.22 to 121 28. the composite 1 80 to 206 11. banks 1.69 to 261.98 and utilities .46 to 134.14. Canadian Vickers fell SI to S18. Chrysler 3j to S153'j. BP Canada Jj to S133i and Aquiuine 'z to S27 while Eastern Canada Savings and loan rose 'j lo S14 VANCOUVER (CPl Prices were down in light trading on the Vancouver stock exchange Wednesday Volume at the close was 1.564.843 shares. In the industrials. Canterra was up 01 at .34 on 10.500 shares, Cornat was Golds fell 19.1 to 475.23, base metals .92 to 89.97 and western oils 1.82 to 233.19. Declines outnumbered advances by more than five to one, 325 to 58, with 200 issues unchanged. Volume by 11 a.m. was 1.47 million shares, up from 1.07 million at the same time Wednesday. Great Plains Development was up to Trading resumed at the open following a halt Wednesday pending news that Burmah Oil plans a offer for all outstanding stock of Great Plains it does not own. Reichhold Chemicals fell 1% to Hugh Russel A 1 to Bank of Nova Scotia 1 to Phillips Cables to and Stelco to Dome Mines lost 5 to PamouT 1% to and Camflo 1V4 to Siebens slipped to and United Canso to Standard Broadcasting rose 1 to Canadia Corporate Management A to and Canadian Superior Oil V4 to Market trends unchanged at on 6.750 shares. Newmark was down .10 at SI.15 on 5.900 shares. Block Brothers was unchanged at on 4.400 shares. EDP Industries was up 01 at .17 and Grouse Mountain was down .05 at SI.60. In the mines. Northair was down .17 at on 99.550 shares. Carolin was unchanged at on 31.000 shares. GeoDyne was down .0! at .27 on 29.000 shares. Anglo Bowmarc was down .01 at .54 on 25.500 shares. United Chieftain was up .03 at and Silver Standard was down .06 at In the oils. Vargas was down ,02 at .10 on 18.500 shares. August Petroleum was up .14 at .49 on 17.294 shares. Rose Pass was down 03 at .34 on 15.500 shares. Davenport was down .01 at .70 on 13.570 shares. Texacal was unchanged at .07 and Payette was unchanged at .35. Livestock Calgary CALGARY (CPl Receipts to 11 a.m. Thursday from the Calgary public stockyards totalled about 850 head, mostly slaughter cattle. Trade was moderately active. Slaughter steers and heifers sold steady with beef quality premium included in prices. Cows were mostly in the lower grades. Good cows sold steady while other grades were barely steady to SI lower. Bulls sold steady. Steers Al and 2 50-51.40. A3 48.50-50. Heifers Al and 2 49.50-50.50. A3 48- 49.25. Cows Dl and 2 35 50-37. D3 33-35. D4 26-32. Bulls 37-40. Replacement cattle met a good demand at steady prices There were no stock calves on offer early. Good feeder steers more than 750 pounds 40- 46 50. under 750 pounds 45-50. Good feeder heifers 551 pounds and up 38-44. Hogs fob Calgary to 11 a.m average base price 37.25 Winnipeg grain WINNIPEG (CP) Prices continued high but activity was sharply reduced at mid-session today on the Winnipeg Commodity Exchange. With the exception of two inactive months of Thunder Bay rapeseed. all prices increased their respective daily limits 30 cents a bushel for flax. 20 cents for rapeseed and 15 cents for rye- Flax had virtually no trade. Wednesday's volume of trade was 1.049.000 bushels of rapeseed. 518.000 of flax and 1.128.000 of rye. Mid-session prices: Flax- May 30 higher 10.34B: July 30 higher 970B: Oct. 30 higher 9 11B: Nov 30 higher 8 74B Rapeseed Vancouver- June 20 higher 6 91-' iB. Sept 20 higher 6 62B. Nov. 20 higher 6.40: Jan. 20 higher 6.20A Rapeseed Thunder Bay: May 20 higher 6 68B July 20 higher 6.54B Oct 20 higher 6.32A. Nov. 1Q higher G 12B: Dec. 10 higher 5 95B Rye. May 1 higher July 15 higher 2 67'-B: Oct 15 higher 2 Dec 15 higher 2 65'-iB Gram quotes basis Lakehead Open Low Close Flax Mav 1004 Jly 940 883 940 Oct 881 834 881 Nov 844 805 844 Rapeseed Vancouver Jun 671Jj 648 6713-i Sep 646 620 642 Nov 630'2 604 620 Jan 601 581 600 Rapeseed Thunder Bay May 628 Jl.v 615 Oct 60S Nov 608 601 602 Dec 585 Rye May 256 Jl.v 253" j 240 252% Ocl 253 240 25234 Dec 250'i 249 250V., Earnings By THE CANADIAN PRESS Alminex Ltd., three months ended March 31. I974.S957.000. 1973. Budd Automotive Co. of Canada Ltd., three months ended March 31- 1W4. 36 cents a share: 1973, S2.373.000.. 66 cents. Corby Distilleries Ltd., .six months, ended Feb. 28: 1974 SI.- 084.995. 98 cents a share. 1973. 88 cents Canadian Cellulose Co. Ltd., three months ended March 31- 1974. 39 cents a share: 1973, 5 cents Dominion Glass Co. Ltd., three months ended March 31. 1974. 23 cents a share: 1973, S256.148. 10 cents Giant Yellow-knife Mines Ltd., three months ended March 31.' 1974. SI.424.000. :I3.1 cents a share, 1973. SB58.000. 15.3 cents. Gozlan Brothers Ltd., three months ended March :il 1974. 17.1 cents a share. 1973. 9 8 cents. Hawker Siddclcy Canada Ltd.. year ended Dec 31. 1973. 66 cents a share. 1972, S3.273.000. 30 cents Hudson's Bay Oil and Gas Co. Ltd., three months ended March 31- 1974. 5 million. 60 cents a share, 1973. S7 2 million. 38 cents ryaSScahi jtiac ltd., three months ended March 31 1974. S5.1C2.000. 3D cents a share. 1973. S5.079.000. 39 cents a share on fewer shares outstanding Gold futures WINNIPEG (CP) Gold I'.S. lunds, Winnipeg Commodity 1'Achange close Wednesday. Apr 74 171.00B; July 74 177.00. Oct 183 60A. Jan 75 189.60B. Apr 75 105 HOB Tuesday s vohmic- 236 contracts. Hog prices EDMONTON (CPl Average prices to 11 a m. Thursday provided by the Alberta Hog Producers Marketing Board Wednesday prices in brackets- Edmonton. 37.75 (37.361. Calgary. 37.25 Red Deer. 37.75 Grande Prairie Nil Lloydminster Nil (3660) Fairview Nil mi] i Lethbridge- Nil Fort Macleod. Nil Hogs sold to 11 a.m. 770. total Wednesday 5.400. average 37.28. Sows average 26 05. Currencies MONTREAL (CPl Thursday's mid-day foreign exchange selling rates supplied by the Bank of Montreal- Australia dollar 1.4450 Bermuda dollar 1.02 China renmmbi .4970 France franc .2020 Germany mark .3885 Hungary forint 0920 Italy lira 001555 Japan yen .003540 Spam peseta 0168 Switzerland franc United States dollar .9650 United Kingdom 2.33 U S.S R. ruble 1.2523 Quotations in Canadian funds. Metals LONDON (AP) Closing metals bid-ask in pounds sterling a metric ton. silver in pence a troy ounce. futures (Missing) 3.850-3.870: futures 3.920- 3.925 296-297, futures 302.5-303 768-770. futures 736-738 236-237: 3 months 245.5- 246 Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise noted. Continental Can Co. Inc., 40 cents. U.S. funds. June 14, record May 21. Huron and Erie Mortgage 30 cents. July 1, record June 7 Inland Natural Gas Co. Ltd., 18 cents. May 15. record April 30. Iron Bay Trust, 6 cents a trust unit. May 27. record Mav 10 NEW YORK (API The rising cost of money battered stock market prices for the third straight session today. The noon Dow Jones average of 30 industrials was down 3.76 at 828.61. and losers outpaced gainers bv more than three -to-one on the Mew York Stock' Exchange The bulk of the drop came early in the session, apparently prompted by, the Federal Reserve Board's approval of a 2 point increase, to eight per cent, in the discount rate the interest rate its district banks charge on loans to commercial banks. At mid-day the downward pressure on the market appeared lo be easing. Among Canadian issues, Dome Mines dropped lour dollars to Mclntyre one lo Seagrams aj to Hudson Bay 'i toS22ai. Massey- Ferguson to J17T8. International N'ickel to S31T-s. Alcan to jnd Canadian Pacific was unchanged at Matsushita Electric was the NYSE's most active stock, down 'z at SIS3-.! after a huge 425.000-share block changed hands at that price. On the American Stock Exchange, the market value index was down .97 at 89.54 Among glamor issues Polaroid was down at and Aeon Products off S at S433-I Oils were also weak, remaining generally depressed, despite a series til strong firstquarter earnings reports. Standard Oil ot Indiana was down ljj at 90'2. Standard of California de- clined lo 275H. and Exxon was down at 77V The Amex's most heavily traded slock was Syntex. up 'a al Chicago markets CHICAGO (API Silver futures again notched a limit move on futures exchanges Wednesday. In New York, the' rise totalled 20 cents an ounce. In Chicago, the limit for one session was raised Tuesday to 30 from 20 cents an ounce and the price rose to the top. then fell back in most options Demand was strong for silver futures after London silver displayed early strength. Gold prices also were a shade higher. Copper futures also were sharply higher, advancing 400 points, but wool, cocoa and world sugar contracts were irregular while Maine potato futures declined. A government report on grain stocks was issued after the close of the Board of Trade, and dealings were light. Prices ranged from mixed to a shade higher Soybean oil prices were strong again. Soybean meal closed a ton lower while soybeans were mixed. Wheat futures also were mixed, and a small gain was posted in the new gulf hard red contract. Corn and oats gained a few cents. Live cattle, live hogs and pork belly futures closed higher on the Chicago Mercantile Exchange but shell eggs fell back. At the close. Chicago wheat was 4 cents a bushel lower to 3 higher. May 4.10; Gulf hard red 2 higher. July 4.25: corn I'-i to 5'z higher. May 2 72. oats 2 to higher. May and soybeans l'i lower to 9 higher Mav Grain quotations Wednesday- Wheat- May 4 10: Jul 3 96; Sep 4 02 Dec 4 07: Mar 4 10 Corn May 2 72, Jul 2.73: Sep 2.66'j Dec 2.52. Mar 2.56'z. Oats. May Jul 1.31'z. Sep 1.33'z. Dec Mar 1.35'z. Beef futures WINNIPEG (CPl Live beef futures close Wednesday. May 52 8, July Sept 54.00A: Nov 55.00N Tuesday's volume: No contracts. Takes over George Currie, new chairman of the board of MacMillan Bloedel Ltd., says British Columbia's NDP government is contradictory and doesn't seem to per- ceive the ultimate outcome of what it is doing. Mr. Cur- rie took over as chairman after Robert Bonner resigned last week. r. recessng Of. 1003 4th South, Tttophom 321-4426 ervces ;