Internet Payments

Secure & Reliable

Your data is encrypted and secure with us.
Godaddyseal image
VeraSafe Security Seal

Lethbridge Herald Newspaper Archives

- Page 17

Join us for 7 days to view your results

Enter your details to get started

or Login

What will you discover?

  • 108,666,265 Obituaries
  • 86,129,063 Archives
  • Birth & Marriages
  • Arrests & legal notices
  • And so much more
Issue Date:
Pages Available: 24

Search All United States newspapers

Research your ancestors and family tree, historical events, famous people and so much more!

Browse U.S. Newspaper Archives


Select the state you are looking for from the map or the list below

OCR Text

Lethbridge Herald, The (Newspaper) - December 18, 1973, Lethbridge, Alberta Gold stocks other issues dip TORONTO Gold issues recorded sharp gains but other sectors ol tKc Toronto stock market were frac- tionally lower in moderate mid- morning trading today. The gold index was up 7.25 to 384.94 The considered the major indicator of market was ofl 2Ho 201 68. base melals .20 to 88.73 and western oils 3 26 to 230 73 Volume by 11 am was 629.000 down from 784.000 at the same time Monday Declines outnumbered advances 172 to 104 with 199 issues unchanged. bank and oil refining stocks were among sectors of the market to decline while industrial real beverage and gen- eral manufacturing issues were higher v Home Oil A fell to Northern and Central Gas to McLaughlm Associates to Pacilic Pete to and'Dome Pete to Neonex rose 55 cents to 55. BP Canada to i. Maclaren Power A Mo Tnzec to and Alcan 'V to Placer lost and East Malar- tic Mines 15 cents to 35 Among golds Camtlo was up to Cjil2ji. Pamour 20 cents to 20 and Agnico- Eagle 15 cents to 35 Canadian Superior dropped to and Ranger 2 to MONTREAL Prices in all sectors but utilities moved lower in light trading on the Montreal stock market today Combined volume on the Montreal and Canadian stock exchangeb at 11 a m was 186.800 compared with at the same time Monday Industrials fell .87 to the com- posite 63 to 210 banks .55 to jnd'papers 51 to 120 86 while utilities rose 12 to 132 77 On the Montreal Stock Exchange Dome Petroleum lell 1' i to Credit Kuncier Franco-Canadicn i to Anglo-Canadian Pulp and Paper to and Calgary Power to while Domtar rose 'z to '4. On the Canadian Stock Exchange. Hoyal Agassiz Mines remained un- changed on a volume of shares VANl'OUVEK iCPl Prices were down in light trading on the Vancouver Slot-It Kxc-hHnge Monday Total volume was 1 54U.48H shares In the industrials lonarc was down at 70 on 8.300 shares Key In- dustries was unchanged at 13 on 7.0QO shares Captains International was un- changed at .55 on 6 100 shares Harding A was at on 6.000 shares Domtar pielerrcd was at and Block Hi others was up .10 dt 55. In the mines. Northair was up .03 at 82 on 750 shares Cutlass was down 01 at 13 on 77 100 shares Barrier Keel up 11 at SI 21 on 41.300 'shares Pinnacle was down one hall cenl at .09 on 39 000 shares Spectroair was up 02 at 14 and Alwin Mines was down 03 a I 06 NEW YORK Stock prices drifted today as brokers said investors were marking waiting lor more disclosures on the energy situation The Dow Jones industrial which wavered over a narrow range during morning stood at 814 42 up 3 30 at noon. Advances held declines nearly 3 to 2 in moderate trading on the New York Stock Exchange The NYSE composite index of some 1.500 common stocks was ahead 24 to 49 55 at noon Consolidated Edison was the NYSE volume off to 18-fs. followed by Southern California up to 18V and Inc down ''s to 137s Orange and Rockland Utilities lell i to 12 and AMF. Inc lost to I7-'B Dome Mines continued to lead gams among Canadian advancing to Alcan was up JA at Cana- dian Pacilic put on to Noenex added 't to and International Nickel gained to Mclntyre fell to while Massev Ferguson was unchanged at Livestock Lethbridge There were no caltle sales Monday due to the wepklv sale of weanor and Iccder hogs Monday saleb 925 hogs. All classes of weancr and feeder hogs met good demand Weaners strong to SI higher Light leeders under 100 Ibs weak to luwci Heavy leeders over 100 Ibs steddy Vteaners to 3075 Light leeders under 100 Ibs 27 to Heavy leeders 100 to 130 Ibs 40 to45 50 Heavy leeders Ib.s 48 to 57 All pnco'.s per head Light leeders under 100 Ins .sold from 42 to 54 per hundredweight leeders over 100 Ihs bold 32 to 18 pai hundiedweight BOtirs. to 117 dollars per head Butcher hogs sold Monday at the Lethhi yards 49 55 to 50 base price Theie will bcnowccincrand Icederhog sale on December 24. The next leedei bog sale will be held December lil Winnipeg grain WINNIPEG and rapeseed lutures were active and generally stiongrr Jl mid-session on the Winnipeg Commodity Exchange Kl.iv vvas unchanged in dclerred lulures while gaining as- much as 15 cents in the nearby Dccemhei prices Vjruouvci rapeseed was slightly higher across the boaid while Thunder li.iv lapcseed wjs unchanged on an easier demand posted slight gams in a mixed trade Volume ol trade Monday was 584.000 bushels of 15000 ol oats no bai ley ol rjpeseed and 905 000 ol Mill-session prices Dec 15 higher lOBbB. 14'. luchei 991A July 1 higher 9 50B. Oct unc hanged 8 7113 H.ipeseed Vancouver Jan l'i lughei li 25 March 2'j higher 6 17'jB. lune higher 08'jA. Sept 10 higher li 02B Uapcseod Thunder Dec un- 5 May unchanged 584. .liilx and Oct not open Oats Dec not open. May unchanged 1 July unchanged 1 47'jB Harlcv Dei not Mav un- changed 2 July not open live Dec 4 higher 327A. Mav 2 i hiphei .t.Mi'i .lulv 2' i higher 3 24 iA Grain quotes Monday basis Lakehead- High Low Close Flax Dec 105h 1048 1051 Mav 983 972 976 Jly 949 940 949 Oct 871 Rapeseed Vancouver Jan 615Vz Mar 615 Jun 605 597 605 Sep 592 Rapeseed Thunder Bay Dec 568 'A 561'A 56S May 585 580 584 Jly 578 Oct 575 Oats Dee 155 May 156 Jly 147 Vj Barley Dec May 245V4 Jly 230 Rye Dec 323 May 333V2 Jly 322 311 322 Dividends By THE CANADIAN PRESS Dividends drc quarterly unless otherwise noted Albilibi Paper Co 10 an increase of 21 scents. Feb 1 record Jan 1 Algoma Ccntrnl 15 cents. March I. record Fob 8 Banquc Canadicnnc 24 an increase of one Feb. 1 record Dec 31 CFCN Communications eight Jan 30 record Jan. 4 DRG class A. nine cents. Feb record Jan IB Dominion Scottish Investments 15 Dec record Dec 20 Du Pont of Canada Ltd.. 25 Jan 31. record Jan 1. GSW Ltd.. live per cenl pld 25. Kch 1 record Jan II J. Harris and Sons 2'u cents. Dec 28 record Dec 21 Ml W Wnrlhinglon Ltd.. 15 cenK Jan 2. record Dec Ontario Trust live cents. Dee 24 Really Capital class A. 7'z cenls. Dec record Dec 24 Slccl Co. of Canada 35 cenls. an increase ol live cenls plus an extra of Itye Feb record Jan 2 Cranbrook CKANBROOK B C Cranbrook Sales community Auction Sales Ltd linal sale last week was 1973's with 70 head returning S18 133 43 il brought to head total sale proceeds of SI 549 834 73 in 17 sales Comparative 1972 ligures previous show 5 998 head sold for in 15 sales This organization registered un- der the Non-Profit Societies' Act. is the onlv cooperative beef sales agency seivmg the Kootenavs The small entrv saw fair prices lange with good steer calves 60 to 63 cenls heilei calves 48 to 51 50 and bulls 31 to 34 75. and only four OWS Chicago markets CHICAGO The wealhcr in the United States and world concern ovei energy weie major laclors in stiong puces moved in commodity lutuies on domestic Mon- Silver Iulures gained more lhan 1 000 points and wool orange copper cocoa and world sugar dlso closed hifihei Cotton and col lee luturcs were uneven A limit gam ol 20 cents a bushel was posted in the wheat pit on the Board of Ti ade. and because ol this strong close Coin oats. meal and oil also closed higher Live cattle lulures cainc oil sizable carh losses and closed gams on the Meicantile Exchange Shell eggs also improved but live hogs were un- even a I the close and pork bellies declined Snow lell last weekend over wide sections ol the country and stimulated buying ol commodity lutures alter iclalivelv weak opening As prices shot ahead much shoil covering vvas noted since pi ices had been on decline for some loin davs The 11 ade that more gram will be used as along with soy- bean meal because ol the snow Selling ol pork belly futures i el Ice led imreased storage reports and a lalhei liberal run ol hogs over the weekend at major stockyards As grams improved weak live ca U le pi ices tu i ned a round a t the close 5 cents lo higher Hogs closed 17 cents hmci to 55 while pork bellies lell the limit ol 150 points Shell eggs gained 5 lo 200 points Wheat Dec 5 Mar 5 May 5 1.1 lul 4 Sept 4 hl'z Corn Dec 2 Ml. Mar Mav Jul 279. Scp 271 Dec Mai 2.H1 O.ils Dec I Mdi 1 38. I .lul 1 38'i Sep 1 38'j Hog prices EDMONTON Average prices to 11 a m Tuesday provided by Ihe Mbcrta Hog Producers Marketing Hoard with Monday average in biackets Kdmonlon 49.55 Hcd Deer 4955 Calgaiv 49.50 Lclhbridge Nil Llovdminsler Nil Fort Macleod Nil 001 Prairie Nil Fairvicvv Nil Hogs sold Monday 9.884. average 51 77 Sows average 35 75. Currencies MONTREAL Tuesday's mid-dav loreign exchange nominal selling lales supplied bv the Bank ol Ausnalia dollar 1 50 China rcnmmbi 5075 Denmark kroner Fiance fianc Imancial .2180 mark 3830 Italy lira commercial 001695 Japan yen 003610 Mexico peso 0810 Spam peseta 0177 Iranc 3180' Hulled Slates dollar 1 00.10 United Kingdom pound 234 II SS li ruble I 40.19 Quotations m Canadian lunds Herald- Business Stocks Miscellaneous Montreal by McQuaig WESTERN OILS AND MINES Alton Mines 6.50 Albany Oil .69 Almmex 6.50 Asamera 12 00 Ashland 10.00 Alia East Gas 5.25 BP Canada 11.75 Brenda Mines 6.40 Can South 3.90 Cdn Ex Gas 3.10 Cdn Homestd 5.90 Cdn Ind Gas Oil 7.75 Cdn Long Is .12 Chieftan 8.35 Cdn Super 55 50 Dome Pete 135 00 Dynasty 8.85 Fort Reliance 18 Giant Mascot 1.69 Gibraltar Mines 10.00 Granisle 8 50 Gt Plains 25 SO Gl Cdn Oil S 9.05 Lochiel 2.25 Lytton Min 1.01 Noble Mines 67 North Cdn Oils 4 80 Numac 1400 Pancdn Pete Pan Ocean 14.62V4 Petrol 1 65 Pinnacle 20 Place .Gas 36 Ponder 57 Ranger Oil 27.25 Scurry Rain 18.50 Seibens 1300 Spooner 30 Total Pete 5.75 Ulster Pete 1.26 United Canso 18.50 West Pete 4.75 West Decalta 6.30 MISCELLANEOUS INDUSTRIES Acres Ltd 9.50 Aquitame 23.50 BC Sugar A Pfd 14.00 Block Bros 3 35 Cdn Pac Inv A Pfd 29 75 Com Cap Corp 2 40 Carhng O'Keele A Pfd 22.25 Carhng O'Keefe B Pfd 28.50 Crestbrook Ind Crowsnest Ind 25 00 Falcon Copper 10 75 F and M Trust 4.75 Genstar Global Com Unit 40.00 Home A 45.50 Home B 44 25 Hud Bay Co Hud Bay Oil 44.00 Hud Bay A Pfd 49.00 Hugh Russell 44.00 Husky Oil Husky Oil B Pfd 39.50 Husky D War 625 Husky E War 8.25 Hys of Canada 2.75 Inter Prov Pipe 5.80 Inter Prov Steel Kaiser Res 3 70 Loblaw C Pfd 25 00 Magnasonics 4.30 Pacific Pete 28.25 Pac West Air 7 00 Pe-Ben Oilfield 7 00 Rainier Inc 3 Royal Trust 25.75 Sandwell 4.50 Toronto by Teledyne Trimac Ltd West Cdn Seed Westdeld Mm Weston A Pfd White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas Gaz Metro Gaz Metro A Pfd N and C Gas N and C B Pfd Pacific Trans Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans Wts CALGARY Acroll Barons Oils N Continental West Warner VANCOUVER MINES Atlas Explor Bath Norse Dankoe Davenport Dolly Varden Equitorial Res Lornex Primer Pyramid Silv Standard Valley Copper INDUSTRIALS Colum Brew Key Industries Wardair OILS Plains Pete Pond Explor Stamp Intl Res MUTUAL FUNDS All Cdn Compound 630 685 All Cdn Dividend 662 720 AM Cdn Ventures 3.26 3 54 Amer Grow F 4.87 5 35 AGF Special 2.46 Cdn Invest F 4.74 5.20 Collect Mutual 5.05 5.54 Common Inter 12.97 14.25 Com Leverage 311 3.42 Com Venture 5 50 6.04 Corp Investors 5 90 6 48 Corp Invest St F 4 72 5.19 Dreyfus Fund US 10.15 11 12 Grt Pacific 4.33 4.74 Grpd Income 2.83 3.12 Grow Equity 6.61 7.26 Invest Grow F 11 20 12.24 Invest Mutual 541 5.91 Mutual Accum 5 66 6 24 Mut Grow Fund 3 00 3 30 Nat Res 4 43 4 87 NW Cdn 496 544 NW Growth 4 36 4 79 Pnn Growth 4 09 4.49 Prov Mutual 6.97 7.62 Royfund 6 39 6.65 Temple Grow 7 10 7.78 Unit Accum 451 4 96 Univer Savings 747 9 Univest 5 79 6 36 Vanguard 5 28 3 79 An Industrial Power V2 7000 1850 875 64.00 10.12V2 21.00 975 3200 59.00 38.50 4.10 21.50 355 .47 .04 .25 .89 210 .19 .10 8.85 .10 1 20 8.50 2.90 .14 1.50 .20 .60 62 MINES Acme Advocate Asb. Akaitcho Bralorne Brouian Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat Chimo Conwesi Cons. Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbndge Frobex First Maritimes Giant Y.K Granduc Hollmger Hudson Bay Hydra Ex. Iron Bay ISO Johet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R L. Malartic G F Martin McNeely Maclntyre Mela Midrim 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. Sherritl Gordon Steep Rock Tek Corp. Texmom Upper Canada Western Mines W. House Copper Mines Wright Margreaves Willroy Windfall Yellowknife- Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind A Jannock Agra Ind Bell Tel BC Tel Burns BC Forest 11 -00 industrials Richardson Securities of BC Sugar .11 Bow Valley Ind 1 26 Cable 1.20 CAE Ind 1 25 Carlmg O'Keefe 41 Chemcell 1325 Cdn Cellulose Cal Power Coron Cred CWN Gas g 75 Cdn Industries 'gl Cdn Marconi 'go Cdn Vickers Cvysisr 247 CPR 13 Cominco 66 Cons Bathurst 6.20 Cons Gas 3.70 Dist Seagrams 45.25 Dom Bridge Domlar 12 Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile '52 Grt Cdn Oil Sands 9 so Gen Motors 3.20 Grt Lakes Paper 42.00 Gulf Oil Cda 25.00 Greyhound 24 Hawker Sid 3 70 Hiram Walker 1 54 Huron Erie -20V4 Imperial Oil Imasca lit Nickel lnt Plpe 5 InvGrpA 1 52 lnt Utilities 86 Indust Accept Kaps 44 50 Kelly Douglas A Laurentide 1 1 Loeb 8 40 Loblaw A 8 Metropolitan Mass Ferguson McMil Bloedell 4 Moore CorP Molsons A Molsons B Nachurs 1 05 North Cent Power Corp 85 Price Co 24 Rolhmans 31.75 Shell CDA 11.25 Simpsons Simp Sears 1.72 Steel Can 3 05 Selkirk A Texaco 9P7 Traders Grp A 2 Trans Mtn Pipe f 05 Trans Can Pipe j Union Carbide Union Gas 4 35 Union Oil .07V2 United Siscoe Versatile Mfg 10.87V4 Westeei 38.50 Westons B 1900 Woodwards A West Cdn Seed 5 75 Zenith Elec 9 75 BANKS 39 25 Cdn Imperial 51 oo Montreal 1400 Nova Scotia on 4 Toroiilo-Dom 19.25 2425 1400 8.00 3.50 4.85 5.00 21.25 2.25 1025 1750 300 13.50 15 52'A 14.50 31.75 15.00 40.50 3600 21 50 8 1200 34 27.50 575 8.75 4750 2200 3050 17.50 4.45 49.50 30.25 3850 2800 30 2000 7 1700 1625 4.30 5.12V4 8.50 3.50 5.25 11 50 16 2950 47.50 21.75 21.50 11 00 1025 9 13.50 1325 16.50 7.75 10.75 27.50 1250 4200 14 31.50 15.50 13.00 460 575' 1625 18 18 4.50 2.75 27.00 17.50 36.00 3325 3450 Docombor 1973 THE LETHBRIDOE HERALD 17 Gas fuel saver technique found Qold futures WINNII'KC Gold luturcs. I1 S limiK Winnipeg Cnmmodiiv Kx- i li.iilBi' close Momliiv 74 107 75. Apr 74 1I225A. .llv 74 115 Oct 74 117 .Ian 75 120.45 Knil.iv h volume 88 conlr.ictN Beef futures iCIM l.ivo heel dose Moml.u M.n SON. Miiv SO .IDA riOftSlN voluino Hi conlr.idts New York by Amr. Anaconda Beth. Steel Chrysler Comsat Dupont General Motors Gulf Int. Harvester Kenn. Copper Montgomery Ward Sears Exxon Texas Gulf Texas Co Wix Corporation Richardson Securities of Woolworth 24.25 Westmghouse Elec 31.00 23.75 U S Steel 33.00 Gen Tel. Elec. 25.75 40.75 TORONTO AVERAGES 150.00 20 Industrials 201.65 down 24 20 Golds 38541 up 7.72 20.25 10 Base Melals 88.69 down 24 23 75 15 Western Oils 231 19 down 80 Volume NEW YORK AVERAGES 80 00 20 Industrials 814 65 up 3 53 92.12'j 20 Rails 17494 up 2 16 28.75 15 Utilities 8697 up 03 28 00 65 Slocks 256 74 up 1 48 Volume Imports raw materials one of the industrial giants of the is almost totally dependent on imported raw materials to run its factories and must import a major share of its own food. The country with a population of 105 million has a pollution problem. The rush to build up the economy meant that the Japanese used the quickest but not necessarily the cleanest production techniques. 9OO Trillion Yen 700 5OO 3OO too Japan's A Gross National Product A 62 64 66 68 70 72 Economy growing Japan has had the fastest growing economy among industrial count- ries during the last de- cade. The gross national product production of goods and services jumped by more 10 per cent a year to yen in 1972 about The Japanese first relied on cheap labor and mass production techniques to flood the world market with con- sumer items. They bought or borrowed technology abroad hard made Japan a major economic power alongside the United States and the wealthier European countries. Banks hike rate TORONTO Toronto Dominion Bank and Bank of Nova Scotia Monday announc- ed increases of one-half of one per cent in their prime lending rates to 912 per effective today. The increases apply to ma- jor with lines of credit of more than and follow similar moves last week by the Bank of Montreal and Mercantile Bank. Toronto Dominion said its rate for small business such as farmers and is being raised one-quarter of one per cent to 8'4 per cent. Nova Scotia's small business rate remains unchanged at 8''4. per cent. Both banks said their mort- gage and consumer loan rates will remain at 10 and 12.5 per cent respectively. Toronto Dominion said that effective Jan. 1 its interest paid on non-chequing savings account will be increased to 7'4 per cent from 6-Vj. The banks said the prime rate increases results from continuing high demand for bank loans caused by rising short-term rates in money markets in Canada and the U S. Oil experts draft price hike plans VIENNA Finance officials from major oil-exporting countries met under tight security Monday to draft proposals for higher petroleum prices'. Informed sources said the economic commission of the 12-member Organization of Petroleum Exporting Countries will definitely suggest substantial- ly higher prices. The only issue in question as the finance experts met at OPEC's Vienna headquarters is the size of the price increase likely to be recom- the sources said. OPEC officials said no deci- sions will be taken in and that oil ministers of mem- ber countries will meet in Tehran Saturday to discuss the study group's report. Decisions on a new price structure affecting exports Irom all OPEC countries in the Middle East. Asia and Latin America are like- ly to be announced by the oil ministers sources said OPEC officials said no in- formation will be released about the experts' expected to go on for two or three days The 12 OPEC countries pro- duce more than half the world s oil. and account for about 85 per cent of the petroleum which is exported to other countries. OPEC members are Abu Dhabi. Algeria. Ecuador. In- Qatar. Saudi Arabia and Venezuela. BEES BUSY MOSCOW The Soviet Union gets two seasons work a year out of its bees by flying beehives annually from the extreme south to the where the summer is too short to justify year-round beekeeping. Tass reports. China buys more wheat PEKING China has agreed to buy three milllion tons of wheat and maize from Argentina over the next three Argenti- nian embassy sources said here today. The agreement was initial- ed in Peking by Juan representing Argentina's National Grain and of- ficials of China's National Cereals Oils and Foodstuffs Import and Export Corp. Goni. leading a three-man also signed a c-ontract for 200.000 tons of iorn to be delivered in the lirsl quarter of the sources added. No details were available about the cost ol the grain. It is the first grain agree- ment between the two countries since 1966. when Argentina sold China one million tons of and is understood to be the largest agreement of its kind ever made between China and a Latin American country. The agreement was on a tree on board meaning China is responsible tor transporting the grain. Quota change WINNIPEG The Canadian Wheat Board an- nounced a change Monday ir. the quota for effec- tive immediately The new quota is 20 bushels a quota acres and applies in shipping blocks. New York Times Service NEW YORK After a seven-year quest for a less- polluting fuel for motor a professor at the University of Oklahoma has developed what he says is a mixture of gasoline and water that saves fuel as well as reduces exhaust emissions. Prof. Walter J Ewbanksaid in a telephone interview that he had driven his 1968 Dodge station wagon 7.000 10.000 miles on the fuel which contains 13 per cent and that the car. with 99.000 miles on it. had per- tormed START TESTS The possibility of creating an economic fuel in these days ot energy shortage has drawn the interest of the U.S. postal which has embarked on a four-month test of professor Ewbank's fuel at the service's testing station at Norman. Okla.. site of the un- iversity. He said that his emulsified fuel did not require that a device be attached to the automobile engine. He said that no change in an engine was needed if the water content of the fuel was under 15 per cent. If it is over 15 per the carburetor must be adjusted. This is the mixture being used in the first month of the four-month test by four postal delivery trucks. After the first month's which began Nov. 29. the trucks will be adapted for using fuel with a 30 per cent water content. In addition to using the emulsified fuel in his own professor Ewbank he tested the mixture in a 1969 Chrysler station a 1968 Ford and a 1973 Dodge swinger. His own car. he has shown excessive from use of the watered adding the life of the engine would be GM cars recalled to correct brake defects DETROIT General Motors has announced two re- call campaigns involving a total of nearly 22.000 new cars to correct possible defects in brake and suspension systems. GM spokesmen also con- tirmed Monday that the auto- maker is investigating a charge by consumer advocate Ralph Nader that many of GM's large 1974 cars have a defect that could cause loss of steering. One of the recalls involves about 12.700 Chevrolet Pontiac Ventura. Oldsmobile Omega and Buick Apollo mod- els Owners were asked to re- turn the cars to dealers for possible replacement of U- bolts that help hold chassis springs to the rear axle. GM said some of the bolts are brittle and may causing loss of a spring. That would make the rear axle move pulling the parking brake cable and lock- ing both rear GM said. Owners were advised to avoid rapid stops and starts until anv problem is fixed. GM said the other recall in- volves about standard Chevrolet station wagons as- sembled at the plant Dealers are to check and replace a rear brake line The line had been attached to the rear axle housing in- possibly permitting repeated contact with the un- derbody under heavy load con- ditions. GM said. That could cause the line to split and pos- sibly cause loss of rear-wheel braking. GM said drivers of such cars should avoid loading the car heavily and stay off roads that might cause the car to scrape bottom. GM said it knows of no acci- dents or injuries resulting trom either defect. No charge will be made for the correc- the auto-maker said. In D C Nader said Monday that almost all GM's large 1974 Buick. Oldsmobile. Pontiac and Cadillac cars have a del eel in the steering control arm GM spokesmen said an investigation is Hearing com- pletion and a decision on a possible recall may be ex- pected matter of The auto giant said it is una- ware of any accidents caused by such a and Nader did not say there had been any Nader said the alleged defect involves nuts that hold the steering control arms to cross shafts Higher beef prices hinted _ RED DEER Most Canadian beef producers are operating at a loss because their costs surpassed the price producers can get at the says Charles Gracey. president of the Cana- dian Cattlemen's Association. Mr. Gracey said in an inter- view here that if the situation his association would discourage beef leading to shortages and higher prices for consumers. CP Rail buys new boxcars MONTREAL CP Rail said here Monday it has ordered 140 double-door box- worth from National Steel Car Corp. Ltd. of Hamilton. The which each have a capacity of 70 will be used to carry plywood between British Columbia and points in central and western Canada. Delivery is scheduled for April and May. 1974. CP Rail said. INDUSTRIAL DEVELOPMENT BANK H. II. Whcclcr The President of the In- dustrial Development G. K. announces that in the Prairie and Northern Region of the R. H. who was Assistant General has been appointed General Prairie and Northern at Winnipeg. NEW HOME FOR SALE sq.ft. of luxury living EXCLUSIVE FEATURES INCLUDE Double carport Built-in Dishwasher New Moffat stove and Bath and a half with shower Laundry room on ground floor Sliding doors to large patio PLUS MANY OTHER EXTRAS Located on 50th In Tabor Price Contact HOLGER JUST CONSTRUCTION 4821 51tt Phom 223-4395 ;