Lethbridge Herald, The (Newspaper) - December 15, 1973, Lethbridge, Alberta
Newsprint price tag to increase inc bEinpriiuuc VANCOUVER Newsprint producers British Columbia predict the current delicate balance between supply and demand for their product will continue for the next two years. The price tag is almost certain to go up. With paper mills throughout the province operating at peak capacity to meet the require- ments of regular customers and if additional facilities scheduled for next spokesmen for the panics say the amount of newsprint produced in B.C. in 1974 will remain unchanged from the 1.400.000 tons in 1973. Barring a major world- wide the close supply-demand balance will says a spokesman for MacMillan Bloedel Ltd.. the province's largest producer. The companies say none of their steady customers will go short in 1974 but admit that anyone planning to start a new newspaper or magazine or to increase the circulation of an existing publication could run into supply problems. And some printing firms in the Vancouver area report they are already turning away Grain sale price to Poland high OTTAWA Govern- ment sources has indicated the newly announced grain sale to Poland calls for prices of over per for wheat and about per bushel for which is higher than fixed prices for domestic buyers. The wheat board does not announce detailed financial arrangements in such foreign sales. Justice Minister Otto Lang and the Polish vice-minister of foreign Woscislav signed a trade agreement Wednesday under which Poland will buy between 27.5 million and 36.7 million bushels of grain during the next three years. Sources indicated the total most- ly with an option for some might amount to between million and million. The export prices compare with fixed domestic wheat prices of per bushel plus a government and a fixed price of apprix- imately per bushel for the industry depart- ment source said. .The export prices to Poland generally are in line with cur- rent prices on the inter- national market which largely are determined by Canada and the United the spokesman said. lucrative orders for advertis- ing flyers because they can not obtain additional newsprint. Orville senior vice- president in charge of marketing for Crown Zeller- bach. says B.C. producers will probably announce price increases before Christmas. eastern manufac- turers have announced increases of a ton in the last couple of said Mr. COOK. are studying the situation right now and will likely have something to say in the next week or two. The price will go ably in the area of the eastern The current average price for B.C. newsprint is a ton for the lower B.C. mainland and Vancouver for interior B.C. points and Alberta and for the western United States. About 90 per cent of the B.C. production is pri- marily to the U.S. Spokesmen for newsprint companies say a low return on investment is inhibiting in- troduction of additional news- print machines. Through much of the producers faced a soft market situation with supply exceeding de- mand with a resultant drop in prices. The slump bottomed out in 1970 when some producers reported a return on investment .as low as 2.5 to five per cent. In the past two rising demand and corresponding price jumps have brought bet- ter returns. But Mr. Cook says even the increase now under consideration will not result in sufficiently high returns to justify the large capital ex- penditures required for new facilities. He estimates it would take a price of about a ton to justify the outlaw required. newsprint users are keeping a worried eye on their inventories. Vic production manager for Pacific owner of Vancouver's two dai- ly the morning Province and the evening days are gone when you could just pick up the phone and order additional GM hikes car price Hang in there George Maixner applies a few squirts of lubricant while perched on the business-end of a high rise crane hundreds of feet above King Street in London Ont. The crane itself is anchored to the building in the centre of the photograph. Profitable season hinted for Great Lakes shipping The 1973 Great Lakes ship- ping season now drawing to a close is shaping up as one of the most Canadian lake ship operators say. John president of Dominion Marine which represents 18 com- panies operating 145 said there has been good busy this year. Shipments of iron ore to Great Lakes steel mills pro- vided good business for ships which also carried record vol- umes of grain from lakehead ports to St. Lawrence then picked up matching cargoes of iron ore for the return he said. Operation of lake ships through the seaway system has been quicker and easier this Mr. Paterson because there have been fewer ocean ships on the waterway. Ocean ships are not as keyed to seaway to dealers Co-operatives may build Alberta fertilizer plant H. H. Smith Ltd. Customs Broker Phoni 328-8141 COUTTS HM24-54SI Home Office Phone 344-3822 OSHAWA. Ont. General' Motors of Canada Ltd. announced Thursday an immediate increase of or 3.2 per in the average wholesale price to dealers of equipped cars and trucks. The company's suggested retail prices for cars will be increased by an average of 2.2 per cent. The suggested price for trucks goes up by an average or 5.8 per cent. A company statement said the increases are designed to recover higher manufacturing costs. GM had increased prices at the time 1974 models were introduced and said those raises were due to addi- tion of safety equipment re- quired under new government rules. The statement said the price'increases represent only partial recovery of cost increases and narrow the. price differential between' cars sold in Canada and the United States. The differ- ential now ranges between for a Vega and for a Cadil- lac. TORONTO United Cooperatives of Ontario is going to explore the possibility of getting other co- operatives to participate in ownership of a projected million fertilizer plant in Alberta. Julian UCO general told delegates to the co-operative's annual meeting Thursday Canadian and United States co-operatives would be asked to join in the ammonia urea plant idea. Majority of shares would be held by Canadian co- operatives and the rest by CF Industries Inc. of one of the largest fertilizer manufacturers and dis- tributors in the U.S. CF In- dustries is owned by 17 U.S. regional co-operatives as well as UCO and Co-operative Federee de Quebec. Location of the proposed plant in Alberta is a UCO official said. we are not in a posi- tion to make any positive an- we had the op- portunity to talk to officials and cabinet ministers of the Alberta government last Fri- day and I can report to you that we have received a high degree of Mr. Smith said. The plant would produce an estimated tons of nitrogen fertilizer annually and would rank among the largest in North America. It would need a guaranteed supply -of natural gas for production. operations as are lake he added. Mild weather and an extend- ed shipping season were cited as major factors by several shipping executives. J. D president of Upper Lakes Shipping of operators of 22 said this season has probably moved record volumes. been a more profitable year than last Mr. Leitch said. was definitely higher. There were no significant slowdowns because of CAUSING WORRIES But increased fuel costs are causing worries for some shipping including William Johnston a vice- president of Canada Steamship Lines Ltd. of Montreal. have absorbed a lot of increased costs during the particularly in the latter not only but others as Mr. Johnston said. feel there will have to be some escalation of rates to compensate. terms of cargo we've done very well. We had an early start and we are going on late in the season. We're expecting to utilize the Wetland Canal right up to the Jan. 4 closing At Sault Ste. Peter Cress manager of the nine vessels of the Algoma said he ex- pects operations there to con- tinue into the beginning of the new but perhaps witn some difficulties regarding crew. Registered Retirement Savings Plan 'B' Now at HIGH INTEREST TAX SAVINGS No Administration Chirgis PLAN SELF ADMINISTERED NOMINAL FEES FARMERS 4 MfRCHJWTS TRUST Phone 32l-554t Please send me Information on Plan 'A' D Plan 'B' D NAME ADDRESS CITY MEMBER CANADA DEPOSIT INSURANCE CORPORA ION oilseed supplies continue downward trend Bombings fail to disrupt business life in Ulster By TERRY ROBAR06 New York Service BELFAST. Northern Ireland Whenever a display window is blown apart by a bomb explosion at one of the Brand group's four clothing stores workers automatically begin sweeping out the glass and nailing up the plywood. the efficiency of says Thomas Patrick managing director of the Brand group. His four stores in Belfast have been damanged by eight bom- bings. But none has bgen clos- ed for more than a day. boards for the win- dows are always says who is known by everybody here as prepared and nobody has to be told what to do. The glaziers sometimes have the pew glass cut and ready to go in three Bombings have been a fact of business life in Northern where the terrorists have been blowing up police stations and stores for the last four years. Some es- tablishments have been forced to close permanently. Fingerprint firm plans expansion TORONTO A com- pany that markets a finger- printing system used by retai- lers for identification on che- ques is expanding operations in Canada. Identiseal Protective Ser- vices has signed up about 700 stores jn Ontario and and about 40 more in New- foundland. Tom F. president of the Toronto-based said in an interview Wednesday he expects to have represen- tatives in Vancouver and Halifax by February. have really picked up momentum since about last he said. Identiseal works on the same principle as the chemically-treated paper that makes copies without the use of carbon sheets. Customers who pay by che- que are asked to press their right index fingers on a mch-square pad impregnated with a colorless solution. SEAL TAKES PRINT The solution is activated when the finger comes in con- tact with a stick-on seal about as large as a 50-cent piece. The seal is then affixed to the back of the cheque. Businesses that subscribe to the system pay an initial an- nual fee of and are charg- ed three cents for each seal used. Companies with more than 20 branches can join for a year and pay only 2V2 cents a seal. Firms are charged less a year if they renew the system after the first 12 months. Mr. Tyson said the company has received only one letter objecting to the system for every seals used. Identiseal is franchised by Positive Identification Systems Inc. of Kansas which has worldwide rights to the system. Among the biggest Cana- dian customers are Radio with more than 50 stores. Villager Shoe Shoppes with about 45 stores out of 60 using the 18IGA grocery stores in and Sunnybrook Food Market with 10 Ontario stores. Harvey a super- visor with Villager Shoe Shop- pes in said his firm has noticed an appreciable im- provement in avoiding bad cheques. The odd customer finds the fingerprinting offen- he but he stressed that the stores may agree to take a cheque espe- cially if the customer is known to them. A spokesman for Sun- nybrook said his company still gets bad but com- plaints from customers have diminished since Identiseal first was used. like the system be- cause they've been able to charge in a couple of the spokesman said. Identiseal is alone in its field in Mr. Tyson said. He said Identiseal cheques create some problems with where coding equip- ment may be disrupted if seals are attached behind the magnetically-coded area on the cheque instead of behind the area where the date is written. This difficulty is being dis- cussed with Canadian banking he adding that United States banks are accepting the system readily. Gas pipeline application receives board approval EDMONTON An application to build a high-pressure pipeline to boost natural gas supply in the Edmonton area has been approved by the provincial Energy Resources Conserva- tion Board. Northwestern Utilities Ltd. said today. The in a news said the 24-mile-long line will carry natural gas from the Alberta Gas Trunk Line Co. Ltd. line close to the Homeglen-Rimbey gas 10 miles northeast of to the present pipeline system immediately northeast of Pigeon Lake. From a 12-inch line goes into the city. new pipeline inter- connection will assist Northwestern in meeting peak demands commencing in the winter of 1974-75 and will provide additional natural gas supplies to meet the growing requirements of the Estimated cost of the line is million with construction expected to star next summer. Ultimately the 24-inch pipeline will be extended from Pigeon Lake into the city and. on will enable the system to handle 580 million cubic feet of natural gas a day. the firm said. TAX BREAK PROPOSED NEW YORK Tax legislation to encourage maintenance of reserves by stockbrokers and securities dealers has been proposed by James chairman of the New York Stock Ex- change. The proposal would allow brokers to salt away earnings from profitable years for future lean without having to pay taxes on the reserve. Others struggle refusing to give up in the face of cons- tant tension. And sometimes the result is a high degree of operating efficiency that probably would not have been achieved otherwise. had to cut down our stocks said they had to relate to our reduced volume of business. We actually had to ask some of our suppliers to take back ther there have been some good results. Now we can start off a department with 300 pounds of stocks and do a pounds business and end up with 500 pounds of stocks. In we usually end up with less after the sale. We're much more efficient Sometimes there's a telephone call warning that a bomb will go off at a specific moment. was at the time in my Brand related. was about 3 o'clock in the afternoon. We were actually told about it so the place was evacuated. was about a 50- pounder. It didn't do us severe damage. It mostly blew in windows. I think it came to 500 pounds second one. there was no warning. It just went off in a Brewer's lorry in the street. That did a lot more damage. It didn't kill fortunately but a lot of people were taken to hospitals with broken bones and cuts and things. The one after that blew-off a polceman's The human suffering caused by the bombings is. of the most serious problem. But for businessmen in there are many others. people panic if their business doesn't go up 10 per says Brand. look at us. Our business went down 30 per Most stores are because the cost of insurance would be prohibitive as long as the Roman Catholic and Protestant extremists con- tinue to try to focus public attention on their positions through acts of violence. IN IEDMONTON Stay At the RIVIERA THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLOR TV For Your Convenience in Melting Reservations CALL AND ASK FOR LONG DISTANCE ZEnlth 0-7255 no owl to you IVIERA MOTOB HOTEL 5359 Calgary Trail Alberta 434-3431 037-2510 WINNIPEG Visible supplies of Canadian wheat and oilseeds continued its downward trend during the week ended Dec. 5. the Cana- dian grain commission reports. In that period supplies totalled 392.6 million bushels compared with 403.4 million the previous week and 456.2 million for the same week last year. In a weekly report the com- mission said' Canadian wheat supplies totalled 198.7 million down from the 205.2 million last week and the 263.1 million for the same period a year ago. Farmers' marketings of Canadian wheat totalled 7.2 million bushels compared with 5.9 million the week before and 8.6 million for the same period the year before. Export loadings totalled 11.4 million up from the 7.5 million last week and the 7.3 million for the same week last year. week's totals in Visible Durum 34.7 million bushels oats 18 million barley 107.3 million rye 8.5 million flaxseed 8.7 million rapeseed 16.7 million Farmers' Durum bushels oats 800.000 barley 4.1 million rye flaxseed 500.000 rapeseed one million Export Durum 1.6 million bushels oats barley 4.8 million rye nil flaxseed 400.000 rapeseed 1.2 million Thunder Bay stocks of the six principal grains totalled 42.4 million up from the 38.5 million last but down from the 58.8 million for NEW HOME FOR SALE sq.ft. of luxury living EXCLUSIVE FEATURES INCLUDE Double carport Built-in Dishwasher New Moffat stove and fridge Bath and a half with shower Laundry room on ground floor Sliding doors to large patio PLUS MANY OTHER EXTRAS Located on 50th Avenue In Tabor Prlct Contact HOL6ER JUST CONSTRUCTION 4621 51st Tabor Phono 223-4395 Pictured above Is Mrs. Margaret McDonnell of 3806 Lakemont Blvd. receiving the keys to her NEW CAR from Mr. Logan on behalf of... Schwartz Commercial Real Estate Ltd. Other lucky who purchased .a home through Schwartz Agencies Donnto Horr who dishwasher E. Larrano who won a Food Freezer Schwartz Agencies congratulates those lucky winners. If you like to and you have Real Estate or Insur- ance call one of the Action Team at Schwartz Agencies in College .Mall. Phone 328-3331.