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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 22, 1973, Lethbridge, Alberta Railwayman give reason for chaotic boxcar mess By BOB DOUGLAS OTTAWA An eco- nomic slowdown and new equipment may help Canadian railways out of the chaotic rail freight car mess they find themselves in. Railwaymen say they were caught off guard by the eco- nomic boom in North America this year. The buoyant economy com- bined with slow delivery of new cars to Canadian National Railways and labor strikes left the railways short of equipment. Customers in the lumber and grain in- dustries are still screaming for cars. But railway sources say they expect the economy will not grow as quickly this year. And the economy in the United States was likely to be in much poorer shape than in Canada. reflects in the railway activity and it could easily bring about the libera- tion of some rolling Norman CN Economy showed October increase OTTAWA The na- tion's economy picked up strongly in increas- ing produciion of goods and services by 1.4 per cent over the previous Statistics Canada reported Thursday. seasonally-ad- justed real domestic product increased by 1.4 per cent in comparing favorably with higher growth rates at the beginning of the it said. The increase represented an improved performance over the previous six months from March to August when output it added. Real domestic product is the total of all the private economy's production of goods and services after deduction for price inflation. This measure of economic growth rose 7.5 per cent in the first 10 months of 1973 com- pared with the corresponding period last the report said. recovery from the effects of several strikes was significant in the October it said. in- rllldpd in railwav pulp and paper mills and motor vehicle in- major contributors to growth in the month were trans- mining and The major increase in manufacturing was in pulp and plus a lesser rise in meat products. In production of zinc and silver it continued. Crude petroleum and natural gas production also increased in the month. increase in trans-t portation output was the second to an in- crease in rail transport which had not recovered fully to pre- strike Statistics Canada reported. output increased in with both wholesale and retail trade increasing. Output of a majority of wholesale merchants increas- ed lor the second consecutive led by wholesalers of automotive parts and and industrial and transportation the report said. Largest increases in retail trade were among motor ve- hicle dealers and department in both cases repre- senting partial recoveries from decreases in August and it said. World's largest oil firm projects to cost billions NEW YORK Exxon Corp the world's largest oil announced Fri- day it will spend between billion and billion in the next four years in a major program of exploration and construction of new produc- tion facilities. The company said that dur- ing 1974 ii will spend a record billion on such a 73-per cent increase over 1973. The announcement followed statements earlier in the week bv Texaco and other major oil com- they will increase their capital spending to combat energy shortages in the United States. J. K. chairman of said the expenditures will to search for new gas and oil and other energy sup- plies as well as facilities for producing these processing them and bringing them to the He said two-thirds of the money will be for exploration for oil and and construct- ing transportation facilities including the Alaskan as well as developing uranium and coal output and producing gas and oil from shale and the Athabasca oil sands. The remaining he is planned for refining facilities as well as chemical and storage plants But Jamieson nancing such a massive pro- gram will require corporate earnings sufficient to provide the new funds which will be needed Texaco announced Wednes- day a record capital outlay for com- pared with about billion this year. Gulf announced earlier this week a capital budget of billion for a 34-per-cent increase over 1973. Earnings up TORONTO Third- quarter earnings of com- panies whose stocks are included in the Toronto Stock Exchange industrial index were 36.44 per cent higher than a year ago. Total earnings were billion compared with million in the third quarter of the exchange says. The Canadian Press erro- neously reported Monday the 1973 figure was KEITH CONSULTING ENGINEERS APPOINTMENT C. R. ERLAND P.Eng. Mr. Grant T. is pleased to an- nounce the appointment of C. R. Erland Jansson as Senior Environmental Quality Control. Mr. Jansson brings 13 years ixperirince in the environmental ield to his new position. Keith Consulting Engineers is i multi-disciplined international irm of Consulting Engineers vith home office at 766 Angus Saskatchewan. IN I Stay At the RIVIERA THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLOR TV For Your Convenience in Making Reservations CALL AND ASK FOR LONG DISTANCE ZEnith 0-7255 at no cotl to you IVIERA MOTOR HOTEL 5359 Calgary Trail Alberta 434-3431 037-2510 told the Commons transport committee recently. He was telling the com- mittee the railway may be able to lease additional equip- ment from the U.S. there may still be shortages in some industries. A spokesman for the grains group here said he expects another tight situation when western grain starts moving by rail again next spring. The grains group advises Otto minister responsible for the wheat on grain transportation. The grain industry is de- manding more hopper cars to handle grain as the old all- purpose boxcar is gradually being scrapped by the railways. New boxcars are not designed for grain. Whether railway optimism about the 1974 rail freight car situation is justified depends on the accuracy of economic estimates. Mr. MacMillan told the transport that poor guesses about lumber sales this year helped create the boxcar shortage in British Columbia. He said the lumber industry had projected increased 1973 sales of about six per cent but actual growth was 22 per cent Frank Oberle George-Peace has said the boxcar shortage led to losses of million for the B.C. lumber industry in September alone. The galloping U.S. economy also tied up rail equipment there and some cars that would normally have been available to Canadian railways. Mr. MacMillan said that in late November there were more CN cars in the U.S. than the railway had received in return from U.S. railways. unusually strong de- mand for potash compounded prvt'c CN sc-rccs say the railway never carries potash this late in the year but has been forced to by heavy sales. There was also a feed grain problem in Quebec and the Atlantic provinces. Eastern buyers wanted freight cars to move feed grain east. A grains group spokesman said feed grain stocks will be built up within the next 10 days at Thunder permitting increased movements to the east. The feed grain issue was tied in with the general problem of moving grain to Thunder Bay. The national rail strike during the summer and fewer U.S. cars available for lease had slowed grain movement. Charles a wheat board told the transport committee rail car shortages prevented the board from making international grain sales of 75 million bushels this year. The board was wary of selling grain knowing it could not be moved on time. Mr. MacMillan said he ex- pects the railway will have an additional rail cars in service this year including 500 new units and about renovated boxcars. the wheat board has asked for new hopper cars to handle grain. The government supplied hopper cars last year. With the old-style boxcar a dying breed and the railways uninterested in building the special hoppers needed for it seems to leave it up to the government again to build the cars. New hotel This is an aerial view of initial construction of an 868-room hotel in midtown described as the biggest Holiday Inn in the expected to be ready for the 1976 Olympics. Energy crisis to effect future of auto industry New York Times Service DETROIT The energy crisis is expected to have a more profound and lasting effect on the future of the auto industry than the challenges of the environmental and safe- ty movements of the last decade. It has created what one top auto executive described as whole new ball The energy shortage goes to the heart of the industry's ex- istence without its products are as useful as hood ornaments. There are fears within the industry that persistent long- range shortages of fuel could make car driving a luxury and lead to a stringent new set of regulations by congress re- quiring the industry to quick- ly produce cars that burn less gasoline. These fears were strengthened when the Senate passed an Energy Conserva- tion Bill that would require automobiles to give more miles to the gallon by 1978 and to give 20 miles to the gallon by 1984. The industry has been concerned about fuel shor- tages over the last several years and was beginning to change its long-range plans as a result. Over the last few the sudden shift of consumers to small cars and the prospect of fuel rationing have jolted the in- dustry into a reordering of its long-range priorities. Already all four major United States producers are giving priority to long-range programs that will make cars sleeker and lighter steps that would save fuel. Decisions that are being made now as a result of the fuel crisis will become part of products roll- ing off the assembly line until at least 1976. And even then changes are expected to be small Gerry the vice president of product develop- ment of American gave the following timetable for the auto where it usually takes at least three years to move a car from the drawing board to the showroom. far as big it's all over for he said in an interview. world opens up by '77. It's free play by '78 but I can even think exotic for never seen things move so said Elliot M. the executive vice president of operations staff of General who oversees much of the cor- poration's future planning. We're not panicky about our products and he said in an interview. a matter of acceleration of trends that have been there for several years. The energy crisis has accelerated them more. Weve looking at some changes in priority. Fuel economy has to be No. Executives of the three other Ford and American made similar assessments. As a result the industry has responded with the following long-range All four producers are giv- ing priority to programs that will make cars sleeker and weigh less steps that would save fuel. Most industry leaders believe that this trend will be irrever- sible for some time. Several companies are look- ing into the possibility of building a car smaller than the subcompact in the mini- car which is now solely occupied by the Japanese Honda. The manufacturers are putting more emphasis now on developing mass transit systems that would comple- ment cars. Some auto ex- ecutives are convinced that much more of the burden of moving people will have to be taken up by mass transit because they expect the energy shortage to last a long time. While the whole industry is in ferment over the energy crisis there is also a strong tendency to be cautious to try to ride out the crunch with evolutionary rather than radical change. Interim step before new act proclaimed Foreign investors guides set OTTAWA A set of guides to be followed by poten- tial foreign investors until the foreign investment review act becomes effective were in- troduced in the Commons Friday by Trade Minister Alastair Gillespie. The guides will serve as an interim step until the act com- es into force sometime before mid-June. The act will be proclaimed in two the first relating to acquisition of Canadian the se- cond dealing with new invest- ment into new fields. Mr. Gillespie said he hopes the first part will be imple- mented the next three to four Outside the he said he needs time to recruit the staff that will oversee the act. just not done over- he told reporters. wish it could REDUCE CONFUSION The guides des- cribed as more than a first are necessary to reduce confusion before the act is he said. Under the investment panics into unrelated fields will be screened by a board and might be stopped if the screening board sees no benefit accruing to Canadians. Mr. Gillespie said his guides are rather than precise rules on related businesses. He said a new business may be related to another if it has a product or service that replaces one already provided by the or if current production facilities are used for the new business without disrupting existing produc- tion. It also would be considered related if the new proposal is complementary to an investor's existing or if it uses technical processes the same or similar that already used by the investor. As well as tabling the Mr. Gillespie said he is making his department of- ficials available for discussion with potential foreign investors. He said outside the House that his department has re- ceived many queries from interested parties. ried that large new investments might occur before the second part of the act goes into effect. The same problem arises with possible takeovers before the first part is effective. He was asked whether the and possibly the act. might be retroactive to cover the proposed takeover of Mac- dona Id Tobacco Inc. of Mon- treal by R. J. Reynolds To- bacco Co. of N.C. The reply was but when asked whether the Mac- donald acquisition might be blocked by the he on He said it was a of good corporate Mr. Gillespie said he first learned of the proposed sale by reading a newspaper. For Lease Office space In modern new addition to Professional Lethbridge Monetary experts forecast delay in new reforms By MICHAEL COOLING WASHINGTON Monetary experts here believe 1974 holds little prospect of developing a com- prehensive agreement to reform the world's financial system but some limited progress may take place. This view persists despite the commitment of a group of finance com- mittee of 20 which represents all 126 members of the Inter- national Monetary reach a major accord by July 1974. The uncertainty of the global impact of the energy crisis and continuing fear of rapidly increasing inflation are cited by experts as the main reasons for the likely reform delays. One monetary official said the energy crisis interfered in two particular ways with the 15-month reform discussions. It had distracted the attention of those officials who would otherwise be involved in the reform negotiations and it had raised doubts about the im- mediate economic future of the major industrial countries. The uncertainty has made the negotiators extremely the experts say. they do believe some limited reform progress may be made by July including a statement of agreed principles and some actual measures to make the crisis-ridden system operate more smoothly. Spurring the ministers to make a reform the experts will be the fear that if the negotiations the hostile at- mosphere may increase the threat of economic dis- integration Next month the ministerial committee of 20 countries will Gov urged to reject egg control OTTAWA The Con- sumers' Association of Canada has asked the federal cabinet to turn down a request by the Canadian Egg Marketing Agency for power to control imports of eggs and egg products. The association sent telegrams to Prime Minister Trudeau and Consumer Af- fairs Minister Herb Gray ask- ing them to reject the agen- cy's request. The CAC said the agency represents only egg and giving it the power to control egg imports will also give it a monopoly on all egg products sold in the country. Import controls result in price the association said. The egg set up to help producers stabilize the market egg has come under fire from the CAC before. The association has charged that the agency uses egg production quotas to the detriment ot the consumer. H. H. Smith Ltd. Customs Broker LglhbnUge Phona 328-8141 COUTTS Home Office Phone 344-3822 meet in Rome to discuss prog- ress made since September by their technical advisers. The ministerial group will take another look at possible ways of improving the role of Special Drawing called paper a yard- stick of value by which all cur- rencies can be measured. The group ajso will examine ways in which the Inter- national Monetary Fund can be given a stronger role in supervising the operation of a reformed monetary system. China grain production sets record HONG KONG China had a good harvest this year with record grain production throughout the the New China news agency has reported. The agency said the success followed a hard struggle against natural disasters which had plagued China for centuries. was a record harvest this year of all grains despite waterlogging and other natural adver- It said grain output was more than double the country's output in the libera- tion year of But the agency gave no figures. is able to meet its internal needs for grain as a result of growing grain production and has solved the problem of feeding its pop- ulation by it said. Hotel sold VANCOUVER Delta Hotels Ltd. has purchas- ed the 160-room Inn of The in Prince B.C. for from Fort George Hotel it was an- nounced Friday. Delta had leased and operated the hotel since its construction in 1965 and the purchase was made under an option contained in the lease. Delta now owns five hotels in B.C. ADVANCE LUMBER COMPANY LTD. DAVID S. HODGE David S Hodge has been ap- pointed to the position ot Vice- President and General Man- ager and elected to the Board of Directors of the Advance Lumber Company. Ltd. This was announced today by Mr Frank V President of Company Hodge has been with the Advance Lumber Lid. for 27 11 of them as General Manager. In his new capacity he will be responsible for the overall marketing and sales activities of the Whole- sale Distributing Warehouses lo- cated at Leth- bndge. Medicine Hat and Cal- as well as the Retail Lumber Yard and the Advance Glass i Aluminum Co. located in Alberta Mr David S Hodge was born and raised in the City of Leth- bridge and now resides with his Josephine and children at 530 25th St. South. Leth- Alberta square air 2 parking available. PAHULJE CONSTRUCTION LTD. PHONE 327-6747 T. O. IVES Q.C. and B.GREGORCARLETON B.A. LLB. Wish to announce that effective immediately they will carry on the practice of law under the firm name of IVES and CARLETON BARRISTERS and SOLICITORS 204 Schwartz Building 324 7th St. S. ALBERTA Phone 327-3116 P.O. Box 728 ;