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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 31, 1974, Lethbridge, Alberta Saturday, August LETHBRIOGE Wives thwart corporate moves CHICAGO (AP) Inflation and wives who are taking ca- reers more seriously are beginning to thwart some cor- porate plans for employee transfers, a moving industry survey shows. Corporations aren't as generous as they once were in paying for employee transfers, and employees are responding with a reluctance to move, said the survey of 286 companies. It also shows an increasing tendency for employees to balk at relocation because of their spouse's careers. Transfers may slow more, said J.J. Thome, vice-presi- dent of marketing for Atlas Van Lines, who conducted the survey. Thome said that throughout the moving industry he hears rumors of declining business. Van line rates have risen 15 per cent in the last year, boosting average per-move cost for Atlas corporate customers to from Cost-conscious firms have responded by slicing "moving extras" such as reimburse- ment for motels, house hunting and transportation'. Thome said he has con- ducted the survey for the last seven years but hadn't seen the need to ask about the problem of wives until a year ago. He said this year he found that 67 per cent of the com- panies responding had problems talking wives into moving because of their own jobs. Cranbrook beef sale Wednesday CRANBROOK. B.C. (Staff) British Columbia's only beef grower co-operative, the Cranbrook sales point of Alberta's Community Auction Sales Ltd.. Pincher Creek is preparing for its first fall sale Wednesday. Manager Bill Bradford who is also a Skookumchuck rancher, expects 400 to 500 head of mixed animals, and is still listing grower entries. Field of entry covers both Kootenavs and north to APPOINTMENT! K. A. Hamman, P. Eng. Dr D R Stanley. President. Stanley Associates Engineering Ltd announces the appointment of Mi K A. Hamman. P. Eng. as Vice-President of Operations Mr Hamman formerly held the position ot Branch Manager in Kamloops until 1972 and sub- sequently Branch Manager in Edmonton Stanley Associates Engineering Ltd provides Professional Engineering and Planning services to all levels of government and industry throughout western Canada and abroad Golden. This initial sale is mixed animals, with emphasis on yearling steers from pre- sent listings. Feeder beef prices at pre- sent ori the open market are 15 to 20 cents a pound lower than at the same date last year at 40 to 45 cents. Bradford reports calf crops in the spring, and a much better growing season of cool moisture, compared to drought in 1973, and animals are in good condition. Cranbrook schedule has set a second sale in September, five in October, two in November and One in December. He also reports encouraging buyer interest in Southern Alberta, now that the feed lots have largely been flared. Car life increasing DETROIT (AP) Ford Motor Co. says the average lilespan of an automobile in North America is increasing. A Ford study shows the average car traded in in 1974 was about 4.1 years old, com- pared with 3.8 years in 1965. A Ford official said the rate has been gradually climbing. "What that means is that the guy who bought a new car this year waited nearly six months longer than he did in 1967 and 1968, which in many cases shifts him into the next model year." said Henry W. Wolpert. manager of Ford's product and buyer research department. Plant a Life Insurance Policy for your favorite charity and watch it grow There's a wpnderful way to give a gift that can end up worth more than it costs. It's a New York Life policy for your preferred charity By naming a qualified charitable organization as owner and beneficiary of this policy (on which you continue premium you assure future sums which can be appreciably greater than the total of your own contributions. You choose the amount your charity is to get. Payment is guaranteed. There are certain tax advantages, too. During your lifetime you benefit from current income tax deductions, as prescribed bv the Tax Law, for the premiums you pay each year. The fits payable to your charity at your death would not be subject to estate or inheritance taxes. Your generosity is rewarded in more ways than one! I'll be glad to explain how life insurance can fit into your program of charitable giving and show you why it can be even better than cash. E. A. (Ed) BRUNNER NEW YORK LIFE INSURANCE COMPANY Ste. 600-540 5 AM. S.W. Calgary. Alberta Phons 1-403-269-4365 U.K. bags record Polish contract Barrelhouse The facade of this B.C. government liquor store in Vancouver has been a favorite for study by pass- ers-by since construction began on the new store recently. Grain trains on move WINNIPEG CP Rail and Canadian National Railways both are moving unit trains loaded with grain to St. Lawrence River ports in an effort to meet export com- mitments but thousands of other grain cars remain un- loaded on the prairies as a result of tie ups in Vancouver and Thunder Bay. CP Rail said in a news release that it now has grain-loaded cars in Western Canada desined for Vancouver or Thunder Bay. A CN spokesman said his company has close to 6.000 cars in the same situation. CP Rail has run four unit trains to St. Lawrence ports, moving a total of about bushels while CN has moved one trainload of 80 cars and has ordered five others, each carrying about 240.000 bushels in covered hopper cars. In addition. CN is moving 150 cars mostly barley a day to the Hudson Bay port of Churchill. By season's end the railway hopes to have moved 26 million bushels through the port. Operations in Thunder Bay- have been curtailed by the strike by engineers and deck officers on Great Lakes vessels. In Vancouver, a labor dispute with grain handlers has shut down operations. ALL DRUGS COSTLY Tea. introduced to Europe in the 17th century, was originally used as a medicine and sold in England for several pounds sterling a pound. Announcement Frank Tinordi wishes to announce that after 2 years of management with Block Bros. National Real Estate Service Ltd.. he is now going back into sales, and would invite all of his former clients and friends to call him for all their Real Estate needs 12 years of Real Estate experience at your service. BLOCK BROS. Canadian economy rare bright spot NEAL ASCHERSON London Observer LONDON Poland and Massey Ferguson Perkins (UK) have just agreed the biggest single contract ever won by a British firm in Eastern Europe and the biggest contract ever placed in the West by Poland. For setting up Polish production of Massey Ferguson tractors and Perkins diesel engines, the British balance of payments stands to gain 1165 million. The departure of the ex- hausted but triumphant Polish delegation from London last weekend ended two years of hard bargaining. The British firm a subsidiary of Massey Ferguson in Canada just carried off the Contract against close competition, es- pecially from the West Ger- mans. The clincher was thought to have been the low rate of interest i around six per cent offered to the Poles on a credit from a consortium headed by Barclays Bank. This is a "co operation of a kind now common in Eastern Europe. Poland will deliver the tractors and engines surplus to her needs back to Massey P'erguson Perkins, which will be free to sell them wherever it pleases. Production will be at the ex- isting Ursus tractor plant near Warsaw, and is planned to reach 75.000 tractors and 90.- 000 diesel engines a year by 1980. Other British firms will receive large ancillary contracts, including Guest. Keen and Nettleford and CAV Ltd This huge contract is part of Poland's current race to modernise her industry and increase agricultural produc- tion, most of which is still in the hands of private peasants. In the course of this drive. Poland has incurred heavy loreign debts, which makes the arrangement to repay Massey Ferguson Perkins partly through production rather than cash particularly welcome. Polish imports from "ad- vanced capitalist economies" formed 45 per cent of total im- ports last year, and imports from Britain rose by 48 per cent in the first six months of this vear. H. H. Smith Ltd. Customs Broker EDMONTON mm 424-9796 i CUGARY PHONE 763-8050 I Lelhbndgi Phone 328 8141 PHONE Kingsgate WM2V5458 COUTTS Home Office Phone 344-3822 LONDON (CP) One of Britain's most reliable forecasting organizations predicts Canada's impressive economy will continue to grow but the rate of growth will decline next year. The National Institute of Economic and Social Research says in its quarterly review that the real growth rate of the Canadian economy for this year is likely to be about 5.5 per cent, compared with a rate of 7.5 per cent since the third quarter of 1972. And next year growth might not exceed four per cent. But the review stresses that the slackening in growth is part of a worldwide recession, and the Canadian record looks good in'comparison with most other Western countries. In tact, its comments on Canada provide the only op- timistic note in a gloomy report. For example. Britain's growth rate this year has been declining by about two per cent and there is little hope of improvement. Also, of 11 other major economies surveyed, the in- stitute projects an average growth rate this year of only per cent, easing to 3.7 per cent next year. Some decline in world in- flationary pressures may be- come apparent by the end of 1975. the report says, if recent decreases in world commodi- ty prices continue a downward trend. The institute, a privately- funded research agency, says a slackening in Canadian growth can already be detected from evidence that "building permits and starts have fallen sharply in recent months, unfilled orders are mounting and a number of in- dustries are encountering capacity constraints and shor- tages of materials and skilled labor." It says the average economic growth of all western industrial countries will not likely exceed one per cent this year or 3.5 per cent next year. The effects of sharply-in- creased oil prices are partial- ly responsible, it says, and many governments had made the situation worse by introducing tighter monetary and fiscal policies. Bad eggs buried OTTAWA (CP) No mat- ter how hard-boiled you are. the mere suggestion of nine million rotten eggs is enough to scramble your mind. The Canadian Egg Market- ing Agency, a producer or- ganization, was faced with this monstrous situation early this week and its answer was to bury them. The surplus eggs, destined for the processing market, were stored for four to six months in three warehouses in the southwestern Quebec towns of Farnham, Frelighs- burg and Abbotsford. But the warehouses were too warm and the eggs went bad. However, a spokesYnan for the egg agency said today, dis- posing of the eggs was no problem. They were taken away in trucks, dumped into excavations and then covered with earth. Despite the images it con- jured, the nine million spoiled eggs didn't smell. "They weren't rotten in that sense of the word." the spokesman said. "They were clinically off. It's like pouring yourself a glass of milk and it tastes fun- ny: the milk's not sour but you're not going to drink it." DUNLOPFORD APPOINTMENT Mr D L Duntop. President o! Dunlop Ford (s pleased to anfiounce the appo'fitment of Mr Arvn J Hansen as Re- tail Automotive Salesman as Sept 1. 1974 Arvm has been in the automotive industry for 26 vears and has a wealth of knowledge in this fteic" He would like to welcome an his former customers to come and see him for ail their automotive needs ARVIN HANSEN CORNER 16 AVE. and M.M. DRIVE SOUTH MUST SELL LETHBRIDGE PRIME SPACE Professional Bldg. 740-4th Avenue South Office of your own requirements 400-7000 sq. ft. Air conditioned for information contact PAHULJE CONSTRUCTION LTD. 402 Professional Bldg. Phone 327-6747 1504 ST. BASILS ROAD Beautiful new 3 bedroom split entry home, sliding glass doors to covered patio. 1070 sq. ft. Large lot. Clear title, ready for immediate possession. NRS 432 OPEN FRIDAY p-m> 2-4 p.m. Phone LES MARTIN OOO 328-2464 or 328- WITH THIS HOME YOU WILL RECEIVE A COLOR TV! (3 Year Term) GUARANTEED SAVINGS CERTIFICATES Interest payable monthly, quarterly, semi-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 THE INSTITUTE OF ACCREDITED PUBLIC ACCOUNTANTS Dominion Institute (a professional organization founded in 1938) is pleased to offer a complete five year educational programme. BY CORRESPONDENCE in Accounting, Auditing and Financial Management leading to an A.P.A. designation Fall Semester commencing September Course Course 101 102 205 304 306 404 103 201 204 301 407 408 509 510 511 Financial Accounting Business Math and Stat'stics Economics Corporate Introduction to Computers Winter Semester commencing January Commercial Law Financial Accounting Cost Accounting-pre-requisite Investment Taxation Industrial Relations Information and All are of 13 weeks duration. Exams given locally upon completion of course. Credits may be given for successful completion of similar courses. Application for credit evaluation must be made by September 1, 1974 for the fall semester. The Institute of Accredited Public Accountants of Alberta, 2247 Longridge Drive, Calgary, Alberta T3E 5N5. Please send me your brochure on your educational programme. NAME ADDRESS PHONE CITY OR TOWN ;