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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - August 6, 1974, Lethbridge, Alberta Tuesday, August 6,1974-THE LETHBRIDGE HERALD-23 Toronto stocks sharply higher TORONTO (CP) - Prices on the Toronto stock market were sharply higher in moderate mid-morning trading today. The industrial index rose 2.45 to 185.02 and western oils 3.24 to 182.07. Golds fell 15.3 to 493.34 and base metals .64 to 81.19. Volume by 11 a.m. was 351,-000 shares compared with 377,000 shares at the same time Friday. Advances outnumbered declines 147 to 75 with 128 issues unchanged. Market trends MONTREAL (CP) - Prices were generally higher in light trading on the Montreal Stock Exchange today. Volume at U a.m. was 172,100 shares, compared with 73,100 shares at the same time Monday. The industrial index rose 2.45 to 199.68. papers 2.38 to 120.77. banks 2.37 to 233.90. the composite 2.07 to 189.12 and utilities .61 to 127.28. MacMillan Bloedel rose 1 to $26, Imperial Oil class "A" ''/i to $30'A. Alcan Vh to $29% and Gulf Oil Canada 11 to $28'/2 while Lacroix fell '/� to $6%. Among speculative issues, tagami Mines was down one cent to 28 cents after trading 11,300 shares. VANCOUVER (CP) - Prices were mixed in light trading on the Vancouver stock exchange today. First hour volume was 167,970 shares. In the industrials, PWA was unchanged at $13.37V3 on 3,520 shares. In the mines, Arcadia was up .06 at .49 on 34,500 shares. In the oils, Cop-Ex mining was up .04 at .40 on 37,000 shares. NEW YORK (AP) - The stock market opened with a powerful upward burst today and then settled back to Livestock Calgary Hog prices CALGARY (CP) - Receipts to 11 a.m. today from the Calgary Public Stockyards totalled 1,350 head, mostly slaughter cattle with a large percentage being steers. Trade was moderately active on steers and dull on cows. Slaughter steers sold 50 cents to $1 lower. There were insufficient heifers sold early to establish a market. Cows met a narrow demand at barely steady prices. Steers, Al, A2: 50 to 52.30. Cows, Dl, D2: 22 to 24. D3: 20 to 22. D4: 16 to 20. ' There were insufficient good replacement cattle sold early to establish a market. . Hogs f.o.b. to 11 a.m.: 46.05. Preliminary slaughter figures for week ended Aug. 3: Canada hogs 180,728, beef 62,613; Alberta hogs 39,732, beef 24,975. Winnipeg grain . WINNIPEG (CP) - Most prices were lower in moderate trading at mid-session today on the Winnipeg Commodity Exchange. Flax plummeted its 30-cent limit and rapeseed losses ranged from 10 to i6v4 cents, but declines were modest for the grains. Friday's trading volumes were 320,000 bushels of oats, 3,546,000 of barley, 781,000 of rye, 122,000 of flax, 294,000 of rapeseed and 49,000 of wheat. Mid-session prices: Thunder Bay rapeseed: July 16 cents lower 7.93A; Nov. 10 lower 8.00A. Rapeseed Vancouver: Sept. 16% lower 8.36'';iA; Nov. 15 lower 8.21A; Jan. 15 lower 8.11A; Mar. 13V2 lower 8.00A. Flax; Oct. 30 lower 10.76A; Nov. 30 lower 10.63; Dec. 30 lower 10.41A; May 30 lower 10.52A. Feed wheat: Oct. unchanged 4.11; Dec. unchanged 4.15A; May three lower 4.22A. Barley; Oct. Vz lower 3.05B; Dec. two lower 3.04A; May 2'A lower 3.05%A. Oats; Oct. one lower 1.89A; Dec. one lower 1.91A; May four lower 1.96A. Rye: Oct. six lower 2.71B; Dec. seven lower 2.75A: May eight lower 2.70VaB. Chicago markets The lack of stability in trading on the board of trade was transferred to the live hog and cattle futures pits at the Chicago Mercantile Exchange Monday. Corn, soybeans and oats soared to or approached limit gains in early trading, but then plummeted to the opposite extreme. Soybeans closed the limit lower for all but the .two most distant contracts; oats showed a similar pattern. Soybean meal also was down the $10 a ton limit and soybean oil was lower, too. Wheat, on the other hand, war, a of the few food commodities ..nich maintained a firm price structure. Contracts closed more than a dime a bushel higher. As with com and soybeans, live cattle futures at the Mercantile advanced the daily limit of $1 before closing mixed, at 65 cents a hundredweight higher to $1 lower. Live hogs brought prices 70 cents to $1.15 higher in early trading, but closed at 30 cents to mostly $1.50 lower. Pork bellies were weak throughout the day and for the third consecutive session closed the limit lower. At close, Chicago wheat was 12 to 15 cents higher, September 4.45; corn 7 to 10 cents lower, September 3.49V2; oats 5% to 6 lower, September 1.74W; �Soybeans 17 to 20 cents lower, August 8.35. EDMONTON (CP) - Prices.to 11 a.m. provided by the Alberta Hog Producers Marketing Board. Friday prices in brackets. Edmonton: 46.05 (46.04) Calgary: 46.05 (46.02). Red Deer: 46.05 ( 46.00). Hogs sold to 11 a.m. 2,925, hogs sold Friday. 3,391, average 46.04. Sows average 24.25. Currencies MONTREAL (CP) - Tuesday's mid-day foreign exchange selling rates supplied by the Bank of Montreal: Australia dollar 1.4700 Austria schilling .0545 Bermuda dollar l.oi Belgium convertible franc .0267 Brazil curseiro .1495 Bulgaria lev .5985 Czechoslovakia crown .1900 China renminbi .5100 Denmark kroner .1720 France franc .2150 Germany mark .3900 Hungary forint .0417 India rupee .1270 Italy lira .001575 Japan yen .003325 Mexico peso .0793 Netherlands guilder .3830 Norway kroner .1880 Poland zloty .3210 Romania leu .0692 South Africa rand 1.4860 Spain peseta .0175 Sweden kroner .2315 Switzerland franc .3390 United States dollar .9820 United Kingdom pound 2.3700 U.S.S.R. ruble 1.30 Venezuela bolivar free .2285 Yugoslavia dinar .0650 Quotations in Canadian funds. Metals LONDON (API - Closing metals bid-ask in pounds sterling a metric ton; silver in pence a troy ounce: Copper-Spot 782-784; futures 802-803 Tin-spot 3,675-.?.685; futures 3.690-3.700 Lead-spot 231.5-232.5; futures 232-232.5 Zinc-spot 470-472; futures 478-480 Silver-spot 195.8-196 188.5-189.5; 3 months Earnings The Herald Business Imperial Oil A gained 2V4 to $31, Texasgulf IVz to $29V4, Alcan IVz to $30%, Falconbridge Nickel 1% to JsaVs and Pacific Pete 1 to $19%. Pacific Copper was up 15 cents to $1, Lacanex 15 cents to 95 cents and Dynasty Vs to $878. Ranger rose % to $21%, Pan Ocean '/z to $11% and United Canso % to $1174. Hudson's Bay Co. lost Vs to $16Vz, Pamour I'/s to $13%, Camflo 1 to $14%, Agnico-. Eagle % to $8V4 and Sogepet 20 cents to $2.40. Dollar value MONTREAL (CP) - U.S. dollar in terms of Canadian funds at noon today was down 1-25 at $0.97 41-50. Pound sterling was down 'A at $2.33 1-10. In New York, the Canadian dollar was up at $1.02 23-100. Pound sterling was down 3-20 at $2.38 3-10. By THE CANADIAN PRESS Ahcd Music Corp. Ltd., six months ended May 31; 1974. $51,000 loss, 6.2 cents a share; 1973. $38,000 profit, 4.6 cents. Banister Continental Ltd., three months ended June 30: 1974. $107,000 loss, three cents a share; 1973, $1,327,000. 32 cents. Canada Safeway Ltd., .24 weeks ended June 15: 1974. $14,252,000; 1973. $10,100,000. Dominion Foundries and Steel Ltd., six months ended June 30; 1974, $33,400,000. $2.09 a share; 1973. $25,700,000. $1.61. Dominion Textile Ltd., year ended June 30: 1974. $18,800,000, $2.40 a share: 1973, $8,800,000. $1.12. D. H. Howden and Co. Ltd., six months ended June 30: 1974, $477,350, 92 cents a share; 1973, $305,163, 60 cents. Goodyear Tire and Rubber Co. of Canada Ltd., six months ended June 30: 1974. $4,602,000. $1.76 a share; 1973. $4,079,000. $1.78. Huron and Eire Mortgage Corp., six months ended June 30: 1974, $4,926,000, 90 cents a share; 1973, $6,505,000, $1.18. MPG Investment Corp. Ltd., yeai ended June 30: 1974. $296,000,19.3 cents a share: 1973, $249,000, 14.7 cents. National Hees Enterprises Ltd., six months ended June 30: 1974, $125,100. 18.9 cents a share; 1973, $90,450. 13.4 cents. NW Financial Corp. Ltd., six months ended June 30; 1974, $247,000,11.3 cents a share; 1973, $281,000, 13.1 cents. Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED await impeachment developments in Washington. The 11:30 a.m. Dow Jones average of 30 industrials was up 17.21 at 777.61. Gainers maintained close to a ten-to-one lead over losers on the New York Stock Exchange. The Dow had surged 25.82 points in the first half hour, in what veteran market-watchers said was apparently a record for the initial 30 minutes of a session. Brokers said the buying spree was touched off by a series of developments in the past 24 hours which seemed to increase the likelihood of an early resolution of the impeachment issue. Blue chip "and glamor issues dominated the NYSE's most active list with virtually across-the-board gains. Polaroid, volume leader, was up I at $29'/n, McDonald's I'k at $43i/b, Eastman Kodak 3'/ii at $90, Xerox 3'4 at $97, Burroughs 3% at $94'/i. Among Canadian issues. Dome Mines jumped 1'^ to $56, Mclntyre V/i to $301/2, Alcan 1% to $31'/a, Inco % to $28V2. Seagrams % to $32%, Canadian Pacific '/i to $14. Hiram Walker was unchanged at $411/2. WESTERN OILS Ralner Inc 2.75 AND MINES Royal Trust 20.00 Afton Mines * 4.75 Sandwell 5.75 Albany Oil .35 Teledyne 3.95 Alta East Gas 4.75 Trimac 4.30 Alminex 5.25 Westfield Minerals .95 Asamera 8.37V2 Weston A Pfd 51.00 Ashland Oil 7.62V2 .Whitepass Yukon 6.62% B.P. Canada 13.62% PIPELINE STOCKS Brenda Mines 5.25 Alta Gas Line A 12.50 Cda Southern 3.05 Alta Gas Line Pfd 55.00 Cdn Export Gas 2.80 Alta Nat Gas 17.50 Cdn Homestead 3.90 Gaz Metro 5.12% Cdn Ind Gas 6.62'/a Gaz Metro A Pfd 54.50 Cdn Long Island .17 Inland Nat Gas 12.50 Cdn Superior 41.00 N & C Gas 9.87% Chieftan Dev 6.12'/2 N 8 C Gas B Pfd 20.00 Dome Pete 26.12% Pac Gas Trans 8.25 Dynasty 9.00 Tr-Cda Pipe 9.87% Fort Reliance .15'/2 Tr-Cda Pipe A Pfd 53.50 Giant Mascot .78 Tr-Cda Pipe B Pfd 31.12% Gibraltar Mines 7.62% Tr-Cda Pipe War .95 Great Plains 39.75 WC Trans 19.37% Gl Cdn Oil Sds 7.12% WC Trans War 2.35 Lochiel Exp 1.58 CALGAR1' Lytton Minerals 1.41 Acroll .33% Noble Mines .45 Barons Oils .06 North Cdn Oil 3.40 N. Continental .02% Numac Oil 12.78 Western Warner :35 PanCdn Pete 9.25 VANCOUVER Pan Ocean 11.62% MINES Petrol 1.50 Bathurst Norsemines 1.40 Pinnacle .32 CIma Resources .90 Place Gas .32 Dankoe 2.50 Ponder .50 Davenport .71 Ranger Oil 21.50 Dolly Varden .17 Scurry Rainbow 18.75 Equltorial Res. .11 Seibens 9.751 Lornex 7.25 Spooner .27 Northair Mines 1.85 Total Pele 7.75 Primer .02 Ulster Pete .87 Pyramid .09 United Canso 11.25 Silver Standard 1.72 WC Pete 3.30 Valley Copper 5.90 Western Decalta 6.25 INDUSTRIALS . MISCELLANEOUS Key Industries .06 INDUSTRIES Wardair 1.65 Acres Ltd 7.00 OILS Aquitaine 23.75 August Petroleum . ^34 B.C. Sugar C Pfd 12.50 Plains Pete. .13 Block Brothers 2.90 Ponderay Explorations .60 Canbra Foods 2.70 Stampede Int'l Res .61 Cdn Pac A Pfd 29.75 MUTUAL FUNDS Carling A Pfd 18.25 All Cdn. Compound 5.12 5.57 Carling B Pfd 20.50 All Cdn. Dividend 5.34 , 5.81 Commerce Cap Corp 1.80 All Cdn. Ventures 2.65 2.88 Crestbrodk For Ind 5.25 Amer Growth Fund 3.81 4.14 Crowsnest Indus 21.00 A.G.F. Special 1.91 Falconbridge Cop 10.51: Cdn. Invest Fund 4.27 4.68 F 8. M Trust Co 4.50 Collective Mutual 4.45 4.89 Genstar 17.62% Corp. Investors 5.45 5.99 Home Oil A 36.00 Corp Invest Stock Fund 4.08 4.48 Home Oil B 35.00 Dreyfus Fund U.S. 8.01 9.11 Hudson Bay Co 16.37% Great Pacific 4.06 4.44 Hudson Bay Oil � Hugh Rus C Pfd 27.50 Grouped In Shares 2.66 72.00 Growth Equity 5.96 6.55 Husky Oil 16.25 Invest Growth Fund 4.82 5.30 Husky Oil B Pfd 32.00 Investors Mutual 4.92 5.38 Husky Oil E War 6.25 Mutual Accum 5.50 6.05 Inter Pipe War 2.75 Nat. Resources 4.00 4.40 Inter Steel 16.25 N.W. Cdn. 4.84 5.32 Kaiser Res 4.05 N.W. Growth 3.78 4.15 Kaiser Res War 1.90 Principal Growth 3.70 4.06 Loblaw 0 Pfd 25.00 Royfund 4.98 5.19 Magnasonics 1.90 Templeton Growth 6.78 7.43 Pacific Pete 19.50 United Accum 3.90 4.29 Pac West Airlines 13.37% Universal Savings ' 7.09 7.80 Pe-Ben Oilfield Serv 5.00 Vanguard 4.46 4.89 Toronto mines^ industrials (Supplied by Richardson Securities 61 Canada) MINES BC Forest 13.75 Acme .09 BC Sugar A 19.00 Advocate Asb. 1.35 Bow Valley Ind 16.75 Akaltcho 1.95 Cable 12.62% Bralorne 1.33 CAE Ind 8.00 Broulan - .56 Cal Power 23.00 Bethlehem 10.62% Canbra Foods 2.70 Bovis 1.50 Can Cellulose 5.62% Brunswick 4.05 Carling O'Keefe 2.40 Can. NW Land 4.35 Chemcell 6.12% Canada Tung. 4.30 Coron Credit 3.20 Cassiar 6.25 CWN.Gas Pfd 9.00 Central Pat. 1.15 Cdn Ind 21.62% Conwest 4.40 Cdn Marconi 3.05 Cons. Rambler ' 2.91 Cdn VIckers ' 15.00 Coin Lake .20 Chrysler CPR 14.50 Cochenour 1.61. 13.62% 29.00 Cralgmont 4.80 Cominco Dickenson Mines 9.-12% Cons Bathurst 28.75 Denisoh Mines 42.75 Cons Gas 14.00 D'Eldona .36 Dist Seagrams 32.35 Dome Mines - 54.00 Dom Bridge 43.00 Discovery Mines 1.95 Domtar 26.12% East Malartic 5.75 Dom Textile 10.37% East Sullivan 2.80 Dom Stores 15.12% Falconbridge 38.25 Dome Pete 26.50 Frobex .17 Dofasco 29.75 First Maritimes .41 Glen Mobile 2.30 Giant Y.K. 17.25 Grt Cdn Oil 7.12% Granduc 1.92 Gen Motors 43.75 Holllnger "A" 27.00 Grt Lakes Paper 20.00 Hudson Bay M&S A 19.62% Gulf Oil 28.25 Hydra Ex. .75 Greyhound 16.00 Iron Bay 5.00 Hawker Sid 6.12% Iso 1.35 Hiram Walker A 41.00 Joliet Quebec .23 Huron Erie , 20.00 Kerr Addison 12.75 Imperial Oil A 30.00 Key Anacon .30 Imasca A 25.87% Labrador 30.00 Int Nickel 27.25 Lake Shore 6.12% Int Pipe 14.00 Langis Silver .10 Inv Grp A 6.37% Madsen R.L. -.93 IN Int'l 12.00 Malartic G.F. , 1.71 lAC Ltd 15.25 Martin McNeely .32% Jannock 5.50 Maclntyre 29.12% Kaps 2.10 Meta .14% Kel Douglas A �5.12% Midrim .15% Laurentide 7.75 Intern Mogul 6.00 Loeb 2.95 NuWest Homes 5.87% Loblaw A. 6.75 New Athona .30 Metropolitan 9.00 New Calumet .2? Massey Ferg 16.50 Noranda 38.00 McMillan Bloed 26.00 Northgate 5.75 Moore Corp 49.00 Norlex .20 Molsons A 20.00 Pine Point 33.50 Molsqns B 19.'12% Placer Dev. 18.75 Nachyrs 5.75 Pax Exp. 1.65 North Cent 9.87% Quebec Man .19 Peyto 11.00 Rayrock 1.12 Power Corp 13.87% Radlore .21 Price'Cp 4.95 Rio Algom 29.00 Rothmans 13.37% Roman Corp. 9.62% Shell CDA 14.87% Sherritt Gordon 9.12% Simpsons 7.25 � Steep Rock ' 1.26 Simp Sears 10.87% Sunnlngdale 5.75 Steel Can A 30.00 Tek Corp. A 3.15 Selkirk A 11.75 Texmont .18 Texaco 37.00 United Canso 11.12% Trad Grp A 10.25 Western Mines 2.58 Trans Mtn Pipe 13.87% WH Copper Mines Wright Hargreaves 3.25 Trans Can Pipe 9.62% 2.35 Union Carbide 19.62% Willroy 1.95 Union Gas 8.00 Windfall .14 Union Oil 9.00 Yellowknife Bear 2.92 United Siscoe 4.95 Zenmac .07 Versatile Mfg 5.26 INDUSTRIALS Westeel 22.00 AbitibI 11.75 Westons 24.25 Alcan 29.75 Woodwards A 21.62% Algoma Steel' 27.37% Atco Ind 14.25 BANKS Agra Ind 6.12% Can Imperial 23.75 Sell Tel' 43.00 Montreal 15.00 Brascan A 13.37% Nova Scotia 35.00 BC Tel 51.00 Royal 29.62'/2 Burns 11.00 Tor Dom 34.87% New York (Supplied by Bichardson Securities of Canada) Amr T & T 43.87% Anaconda 24.87% Beth Steel 31.75 Chrysler 15.00 Comsat 28.00 Dupont 154.00 General Motors 44.50 Gulf 19.50 Int Harvester 23.37% Kenn Copper 35.25 Montgomery Ward 24.75 Exxon 78.75 Texas Gulf 29.50 Texas Co 25.25 Wix Corp 11.12% Woolworth 13.00 Westinghouse Elec U.S. Steel Gen Tel Elec 13.12% 46.25 20.87'/! TORONTO AVERAGES 20 Industrials 164.99 up 2.42 20 Golds 496.06 down 12.50 10 Base Metals 81.24 down .59 15 Western Oils 181.06 up 2.23 Volume 542.000 NEW YORK AVERAGES 20 Industrials 775.65 up 15.25 20 Rails 160.32 up 2.47 15 Utilities 69.14 up 1.08 65 Stocks 235.86 up 4.26 Volume 6,100,000 Marketplace Shoppers at the Scarborough Town Centre can take time to relax in this glass-domed area surrounded by food counters and food stores. The centre, vi/hich contains two department stores, 132 other shops and parking for 4,300 ears, is one of the largest in the Toronto area. B.C. culls turkey prodiiction VICTORIA (CP) - Production of turlceys will soon be cut back in Bf itisli Columbia by at least 10 per cent, because there is a large surplus now, Agriculture Minister Dave Stupich said at the weelcend. "Turlcey right now is a surplus product right across Canada," he said in an interview, although it is priced cheaper than chiclcen or beef. He made the remarlc after announcing that the B.C. Turkey Marketing Board will join a national scheme administered by the federal government's turkey marketing agency, which will attempt to bring supply into balance with total demand. Its first order will be a cutback of 10 per cent in B.C., perhaps more for other provinces, said Mr. Stupich. Anyone marketing more than 25 turkeys a year is to be covered by the plan, subject to the board's rules. The maximum marketing quota that may be allotted to any one producer is 40,000 heavy or 80,000 light birds. Oil agreement aims to blunt future embargo WASHINGTON (Renter) -The world's major oil-consuming countries have reached a tentative agreement aimed at blunting any future Arab 011 embargo, a United States state department official said Monday. Measures include sharing of existing oil stocks among the 12 participating governments, reporters were told at a department briefing. However, the official noted that a world surplus of oil now is developing. The official said that the tentative agreement ineans that in the event of an extreme Arab oil embargo, the United States might ship some of its oil to consuming but non-oil producing countries in Europe and Japan. The plan was worked out during a series of meetings in Brussels following an energy conference held in Washington earlier this year to find a way to combat future use of oil as a weapon. The 12 countries participating in the meetings were: Canada, the United States, Britain, Norway, West Germany, Luxembourg, Italy, Belgium, the .Netherlands, Ireland, Denmark and Japan. France, which participated in the Washington meeting, chose not to join the Brussels conference. Soaring oil prices ease Soviet deficit The official said there is a surplus of oil developing in the world-in the range of two to (liree million barrels dally-and that some oil-producing countries are attempting to dictate prices to keep them high. He added that there is no indication of a strong desire for producers to meet with consumers. The tentative agreement requires the 12 countries to establish common emergency conservation measures in case a selective or general embargo is imposed. The measure would be designed to force back consumption by equal percentages in each country. TJie agreement also calls for each country to increase substantially its oil stockpiles and adopt rules on how quickly Ihey would be drawn down in case of an oil shortflow. TULSA, Okla (AP) - Soaring oil prices have pulled the Soviet Union out of a serious foreign exchange deficit situation, the Oil and Gas Journal said Monday. The trade magazine said Soviet income from crude oil and products exports last year exceeded $3.3 billion compared with $2 billion in 1972. That is only modest compared with the picture for 1974, the Journal said. "Due to the huge increase in world oil prices legislated by the Organization of Petroleum Exporting Countries early this, year, Russian oil sales abroad likely will reach $8 billion and could approach $10 billion," The Journal said. EXCITING OPPORTUNITY! - Minimum Participation $100,000 Why don't you DISCOVER us and get acquainted with all the reasons that will make you glad you did. Apply to: Box 65, Lethbridge, Herald Retailers watching U.S. beef imports TORONTO (CP) - Meat retailers here say they may soon know whether lower meat prices |Will result from the lifting of the ban on beef imported from the United States. The federal government announced Friday night both the end of the ban and the setting up of a beef import quota system. The ban was dropped after the U.S. guaranteed that beef coming to Canada will not contain the hormone diethylstilbestrol (DES), which is forbidden in Canada because it has been linked to cancer, the ban had been in effect since April 9. The quota system leaves 90 per cent of the domestic market to Canadian beef producers. "By Tuesday, we'll have an idea of what the packing houses are planning to do," said AUister Graham, vice-president and general manager of the food division of IGA Canada Ltd. "But we'll also have to watch the actions of the cattlemen," he said, adding that he thinks the lifting of the ban might lead to a lowering of beef prices. WONDERS ABOUT EFFECTS Norman Auslander, vice-president of sales and operations for the Steinberg's Ltd. supermarket chain, wondered about the effects of the quota system. "We hope it will do what we want, which is to bring beef prices down, but that quota on imports means it's not an open-border situation." Sam Crystal, spokesman for Oshawa Group Ltd., said the ban "only happened on the weekend, and we don't Imiow yet, but if the price of American meats are lower, it should mean our prices will be lower." Brian Cooper, president of the Canadian Restaurant Association, predicted the influx will lead to a lowering of beef prices in Canada. But Art Evans of Canada Packers Ltd. said that if U.S. beef prices continue to increase, the effect of lifting the ban will be marginal. Boyd Anderson, vice-president of the Canadian Cattlemen's Association, said that allowing U.S. beef into Canada will reduce prices, briefly. NOW LEASING tlOyOOO Square Feet (B�y $i26B lf*m 3,000 Square Ftet) Who)�sar�, W�rehouB�, Commercial, Call 328-1705 - 24 Hours 5.62 ACRE HIGHWAY COMMERCIAL SITE in RED DEER, Alberta The City of Red Deer proposes to sell Lot 5 Block t4 Plan 4436 T.R. to the applicant who, in the opinion of the City, submits the best proposal for a Highway Commercial Project. This choice property, measuring 700' x 350', is located on Gaetz Ave. (Highway 2A) south of 30th St. Purchase price of $142,350 includes services. Terms: three equal payments at the time of, three months and six months from the agreement date; development must commence within one year and be completed by the end of the second year. Sealed submissions, clearly marked "Highway Commercial", will be received by the City Clerk, City Hall, Red Deer, Alberta, to 4:00 p.m., Friday, September 13, 1974. ENQUIRIES: W. Pander, Economic Development Director City Hall, Red Deer, telephone 403/347-4421 ;