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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 14, 1974, Lethbridge, Alberta Saturday, December 14, 1974 THE LETHBRIDGE HERALD 25 Trailer builders expect decline MONTREAL (CP) Cana- dian manufacturers of highway trailers are ex- pecting a sharp decline in sales in 1975, but light-to medium-weight truck manufacturers are more opti- mistic about the demand for their equipment. Industry spokesmen said buyers have reduced or cancelled 1975 delivery orders for heavy-duty trailers used for highway freight hauling. D. A. Grinstead, vice-presi- dent of Fruehauf Trailer Co. of Canada Ltd., 90-per-cent owned by Fruehauf Corp. of Detroit, said recently the Canadian firm plans to reduce production by 30 per cent in 1975. He said, however, industry sales in 1974 were at record levels and some companies had year-long waiting periods for deliveries. The outlook for the first six months of 1975 is "dark and Mr. Grinstead said, but the situation is less serious in Canada than in the United States Fruehauf laid off 130 workers at its Mississauga, Ont., production plant and sales office after orders began falling off in August. Further layoffs will be studied, Mr. Grinstead said. The decline in freight busi- ness is a definite cause of the trucking companies' spending reductions, said R. H. Heberl- mg, president of Canadian Trailmobile Ltd., owned by Pullman Inc. of Chicago. His firm's forecast of a 15- i Schwartz Agencies (1972) Ltd. percent drop in production still would make 1975 its second-best year. Sales in 1974 are expected to hit million, a 30-per-cent increase over 1973. The Brantford, Ont., based manufacturer laid off nine per cent of its employees this month. "It's possible it won't be the Mr. Heberling said. Trucks produced at General Motors, Chrysler and Ford plants in Ontario go to the U.S. market and the truck sales slump there has a bear- ing on Canadian production. None of the three truck plants have reported layoffs although there have been some overtime cuts at the plants to reduce company official said. Industry spokesmen said truck manufacturers are better shielded from a down- turn in demand because they produce a range of vehicles from vans and pickups to heavy trucks. In the last 11 months, sales of light trucks were 30 per cent higher than the com- parable period of 1973. Van sales rose by 23 per cent, but medium and heavy truck sales are up only 10 per cent and five per cent respectively. Retail truck sales in Canada for the first 11 months of 1974 increased by about 20 per cent compared with the corres- ponding period in 1973, in- dustry statistics show. PARENTS UPSET MEXICO CITY (Reuter) The Mexican education ministry took full-page new- spaper advertisements Thurs- day to deny rumors that children were being forcibly sterilized, a scare which has closed dozens of schools in the capital. Thousands of people have kept their children from classes since the scare began earlier this week. In some areas, parents have formed vigilante groups to keep schools closed. LLOYD FARRELL 1 M.L.S. SALES REP. OCTOBER The action agency has j produced results a- gam' Lloyd has been j awarded sales rep for October and it is "action" which has Lloyd and his team on top for the volume of MLS listings sold and of MLS. sales We solve problems with top advertising and professional ser- vice If you need real estate advice, call Lloyd or his Schwartz i team at 329-3331. H. H. Smith Ltd. Customs Broker ULCMY mm 2SJ-H05Q Lithbridfi Phorn 32B-8141 H4 424-5451 COUTTS Home Office Phone 344-3822 Lotus The best known of the smaller British car manu- facturers is Lotus, run by Colin Chapman. Chap- man's hobby is front-line motor racing, at Grand Prix and Indianapolis level. His new Lotus Elite gives 155 horsepower at and is mated to a five- speed gearbox which has Austin Maxi gear clusters in a Lotus casing. Gas firms merging TORONTO (CP) Northern and Central Gas Corp. Ltd. and its subsidiary, Canadian Industrial Gas and Oil Ltd. of Calgary, are merg- ing to form a new company, it was announced Friday. Under terms of the new agreement, Northern and Central's common, second preferred and junior preferred shares would be ex- changed on a one-for-one basis for shares of the new com- pany. Shareholders of Canadian Industrial would receive seven shares of the new com- pany for each 10 shares held. Northern and Central dis- tributes natural gas in On- tario, Quebec and Manitoba and is engaged in oil and gas exploration. JOIN THE NEW BREED OF PROFESSIONAL ACCOUNTANTS. The time-honored CGA designation can help you to the top in financial management The Certified General Accountant designation after your name denotes professional stature The 5-year training course behind it prepares you for such positions as comptroller, vice-president finance, or treasurer This course is for candidates with high school matriculation or equivalent training or experience Under certain conditions you may qualify for a shorter course Discuss it now with a CGA Career Counsellor With the time-honored CGA designation, your career goals need have no limit Enrolment for spring Mmesler January 7, 1975 Write or phone for detailed information at once, or use this information form. THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION PRAIRIE REGION To The Certified General Accountants Association Praino Region. 404 Sixth Avenue S W Calgary, Alberta T2P OR9 Telephone (403) 265-0813 Please send detailed information on the CGA educational course. NAME ADDRESS PHONE Pipeline reverse may give B.C. Alaska oil Special To The Herald WASHINGTON A proposal to supply B.C. with Alaska oil is outlined in a report to a U.S. Senate com- mittee released here this week. The report suggests that this could be accomplished by reversing the flow of the Trans-Mountain pipeline which now carries Canadian crude oil exported to the U.S. Such a scheme would help Canada if its own oil supplies fell short of meeting domestic demand, a possibility foreseen in the early 1980s by the Na- tional Energy Board in a re- cent study. But its main objective would be to help the Midwestern states of the U.S., faced with a phase-down of Canadian exports to virtually zero by 1983. The report says the plan could increase Midwestern U.S. oil supplies by barrels a day. Bricklin venture receves SAINT JOHN, N.B. (CP) The New Brunswick govern- ment has agreed to provide the Bricklin auto venture with an additional million in financing but the terms have not been negotiated. Premier Richard Hatfield told the Saint John Board of Trade on Thursday the provin- cial cabinet had authorized the advance to Provincial Holdings Ltd., a Crown agency which has already invested in Bricklin. Again expressing his con- fidence in the sports car ven- ture, the Conservative premier said the additional funds were necessary to help the young company towards "a breakeven level" of production. A spokesman for the eco- nomic growth department later confirmed the new financing is expected to be in the form of direct capital investment rather than new loan guarantees. The new aid will raise New Brunswick's financial com- mitment to the Bricklin pro- ject to more than million while the federal government has guaranteed another million in loans. Bricklin Canada Ltd., a sub- sidiary of the U.S.-based Gen- eral Vehicle Inc. of Phoenix, Ariz., has been plagued by start-up problems, partly due to part shortages, and has not reached its production goals. Malcolm Bricklin, the 35- year-old promoter who heads General Vehicle, said last month the company would need another million to continue building the gull- winged, two-passenger car. It was later learned he had asked the province for about million of this new financ- ing. The cars are being assembl- ed at Saint John while the acrylic bodies are manufac- tured at Minto, N.B. About 500 workers are employed at the two plants. Xerox shuts U.S. plants ROCHESTER, N.Y. (AP) Xerox Corp. said Tuesday it will shut down 10 of its facilities across the United States for two weeks and dis- miss about 700 employees in late January. Xerox, a leading producer of office copying machines, has employees in the US., of them in the Rochester area. Toronto downtown development halts TORONTO (CP) The pro- posed ?1.5-billion Metro Centre for downtown Toronto has been put on the shelf indefinitely because of civic inaction, President Robert Bandeen of Canadian National Railways said today. CN and CP Rail are partners in the huge pro- as the largest downtown redevelopment in North in the last seven years have spent million on planning. "That's got to stop some- Mr. Bandeen said. He said the development, comprising apartments, of- fices, transportation and recreation facilities and hotel accommodation, could be restarted if some firm decisions are made by the new Toronto city council which takes office Jan. 1. The first stages of the devel- opment of the 168-acre site bounded by Bathurst, Front and Yonge streets and the waterfront originally were to have been completed last year. The only part to get off the ground was the CN Tower, highest free- standing structure in the world. The area now consists main- ly of a network of railroad tracks. The project was dealt a se- vere blow Nov. 4 when council voted 11 to 9 against an eight- point plan drawn up by Mayor David Crombie in an effort to get the project moving. The action wiped out planning guidelines that had been laid down in 1971. ANNOUNCEMENT Bill Maddison Mr Dave Neufeld, Sales Manager of Astro Realty and Insurance Ltd. is pleased to announce that Bill has joined "the friendly staff" at Astro. Whether you are buying or selling real estate, why not give Bill a call at 328-7748 or 327-5847 and let him go to work for you with Bill's Sales knowledge ne will make the best deal possible for you. ASTRO REALTY INSURANCE LTD. Westminster Mall Phone 328-7748 Americans probe newsprint deal It also suggests that there would have to be "a complex agreement" between the U.S. and Canada in order to make it work. This would include an off- shore terminal at which the Alaska oil would be unloaded to "keep Alaska oil tankers out of Puget Sound." The report also warns that "strong representations can be expected from Canada" against any plan which would increase tanker traffic around BC. The report suggests it could all be possible because of a surplus of Alaska oil on the West Coast after the Alyeska pipeline becomes operational in 1977. The report was prepared by Ar-lon R. Tussing, chief econo- mist for the Senate Interior committee, at the request of committee chairman Senator Henry M. "Jackson of Washing- ton State. j Jackson sought the report in response to fears that oil from the North Slope of Alaska would be exported to Japan once the 789-mile pipeline to Valdez is completed. From Valdez the oil is to be shipped by tankers down the West Coast. Some of it is scheduled to go to refineries in Washington State, such as the one built by the Atlantic Richfield Company at Cherry Point. "Although the report does not make recommendations for legislation, it does identify several areas for new or increased congressional Sen. Jackson said. The report discloses that the Interior department and two of the principal com- panies involved in the Aiyeska project expect that there will be more oil than the U.S. Pacific Northwest can use as early as 1980. "The surplus could amount to as much as one million barrels per day by the report says. By BRUCE LEVETT WASHINGTON (CP) The U.S. justice department said Friday it has begun preliminary investigation into the possible effect within the United States of a recent million Canadian newsprint deal. A source within the depart- ment's anti-trust division said the investigation "is at an in- formation-gathering stage" and that there had been, so far, "no decision to take it beyond that stage." Should the matter be pur- sued, he said, procedures .ex- ist between Canada and the U.S. for gpvernment-to- government consultation before any action could take place. The investigation arises from the take over fight last November which saw Abitibi Paper Co. Ltd. of Toronto win control of Price Co. Ltd. of Quebec City, making Abitibi the world's largest newsprint producer. Canadian firms currently supply two-thirds of U.S. newsprint imports, which represented a revenue of billion in 1973. Officials here say they are concerned that the Canadian deal may give Abitibi effective control of the American newsprint market. The anti-trust source said, however, that there was "absolutely no interest" in ex- tending provisions of U.S. anti-trust legislation into Canada. He said both Price and Abi- tibi have offices in the U.S. and conduct and own businesses in the U.S. Contact had already been made with Abitibi's U.S. headquarters in Birmingham, Mich., and with Price's American head office in New York. Price has a newsprint ven- ture in Louisiana and Abitibi has interests in Georgia. The U.S. investigation is be- ing carried out under Section 7 of the Clayton Act which cov- ers certain anti-trust provisions. Section 7 reads: "No corporation engaged in commerce shall acquire directly or indirectly the whole or any part of the stock or any other share capital or any part of the assets of another corporation engaged also in commerce where, in any line of commerce, in any section of the country, the effect of such acquisition may be substantially to lessen competition or tend to create a monopoly." Abitibi won control of Price after a takeover battle with Consolidated Bathurst of Can- ada. Abitibi's successful bid was a last-minute offer of a share for each of five million total of million for half the stock. Price shares, both before and immediately after the deal, were trading at SOYUZ A HIT STAR CITY, U.S.S.R. (AP) Soviet space officials said Thursday that no more space rehearsals are planned for next summer's orbiting icndezvous with U.S. .istronauts. "The successful flight of Soyuz 16 has confirm- ed the spaceship's reliability for carrying out the joint flights with said Kon- stantin Bushuyev, Soviet technical director with the U S.-Soviet mission. SALESMAN OF THE MONTH E. (Curly) SHERMAN Mr Dave Neufeld sales manager for Astro Realty Ltd., is pleased to an- nounce that Elwood was the salesman of thamonth for November. 1974. Whether you are buy- ing or selling any real estate properties, why not give Elwood a call at 328-7748 or 328-2685. ASTRO REALTY INSURANCE LTD. Westminster Mali Phone 328-7748 Greyhound See everything you want to see close up! In friendly luxury. Greyhound's air-conditioned, rest- room-equipped Scenicruisers (and safety-proven drivers) can show you what enjoyment is all about CALIFORNIA DELUXE ESCORTED TOURS FROM LETHBRIDGE 18 Beautiful Days January 16 to February 2, 1975 or February 15 to March 4, 1975 Twin Sharing S459 Single Treat yourself to a winter get-aw. y. A holiday from the biting cold of our Canadian winter to warm, sun-filled, fun-filled Californian days. See famous places. San Diego's world famous, zoo. Take a tour to Tijuana. Spend a full day at Disneyland. Visit Universal Studios view the homes of the movie stars. Sunny California captivating! Relax in comfort and take in the beauty of the famous ocean drive from Carmel to San Francisco and take time out for sight- seeing and shopping. Greyhound's fully escorted Tour to California is waiting for you. Take your choice of departure dates: January 16, 1975 or February 15, 1975 and it's CALIFORNIA, HERE WE COME! For more tour call your local travel agent or phone: 327-1551 For further information contact: Greyhound of Can- ada Ltd. 222 let Avenue S.W. Calgary Phone: 265-9111 Greyhound the super travel value ;