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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 5, 1975, Lethbridge, Alberta 8 THE LETHBRIDGE HERALD Wednesday, February 5, 1975 HEAVY DUTY 2 SPEED WASHER 5 water temperature selection 3 for Permanent Press 2 speeds for heavy duty and delicate washing Variable level Water Saver for loads from 4 to 18 Ibs. Double wash action spiral centre agitator, ribbed tub Double action rinsing: Power spray plus deep agitation Bleach dispenser adds bleach without need for diluting Improved filtering .system: Water filtered 3 times Heavy Duty Transmission, Motor, Pump, Suspension Available in white or gold. Regular 549.00 HEAVY DUTY DRIER Dial for Fluff Temperatures Larger 5.7 cu. ft. capacity in a dryer only 27" wide Giant 16" diameter opening to ease loading and unloading EVEN-Drying CROSS VANE Tumbling System Safety start button and door switch Big lint filter screen improves lint removal Available in white or gold WHITE SALE 399 00 WHITE SALE Regular 329.00 249 00 COLOR 10.00 EXTRA COLOR 10.00 EXTRA Pyrolytic Self- Cleaning Range Elfectlve self-cleaning system power cleans entire oven, re- moves heavy soil in 2 hours (including cool Glass- covered panel with remov- able knobs for easy clean- ing. Timing centre controls oven, auxiliary appliance out- let. Distinctive modern look with tinted glass door panel. Two 8" and two 6" surface elements with infinite heats- Oven tight and surface illum- ination. Oven selector switch allows variable broil heat control. Precise heal dual element baking for the "gold- en tpuch." Woodgrain in- sert handles. Avocado, Gold- tone or White. Regular 699.00 WHITE SALE Frost Free 13.1 cu. ft. of storage space, all frost free. No more messy, drippy defrosting it's done automatically. No frost form- ing to make-frozen food packages stick, reduce cool- ing efficiency. Generous 3.5- cubic foot freezer with sepa- rate door. Full-width vege- table crisper in rugged Lust- ran. Two full-width adjust- able, heavy-duty shelves. Extra-deep door storage with 4 shelves, frozen juice can rack, butter compartment, container for 18 eggs. Life- time magnetic door seals; tough Lustran door liners. Avocado, Goldtone or White. Right hand door opening. Regular 589.00 WHITE SALE oo 49900 429 COLOR 10.00 EXTRA COLOR 10.00 EXTRA CHARGEX Westinghouse 1 YEAR FREE WARRANTY AND SERVICE COVERS ALL PARTS LABOR ADDITIONAL 4 YEAR RE- PLACEMENT WARRANTY ON Automatic Washers Transmis- sions and Drive Parts MILEAGE CHARGE OUTSIDE OF DISTRICT. AND CARPETS LTD. 326 5th St. S. Lethbridge Open Till 9 Thurs. and Fri. Phone 327-8578 Beef arid dairy industry Photo shows part of the Picadura Valley which The program was started with Canadian cattle in an the Cuban government has'developed into 330 square effort to make Cuba self-sufficient in milk production. lush pastures for breeding and raising cattle. One of best periods in stock market history January good month for investors By THE CANADIAN PRESS January was one of the best months in stock market his- tory but not all analysts are convinced the rally will last. The formidable rally, which lifted the Toronto industrial index to its best monthly gain on record, appeared to come at a strange time. Major in- dustrialized countries are in the middle of a recession and predictions are for more'un- employment, slower growth and lower corporate profits. However, most market watchers see the market as reflecting the belief of in- vestors that the economy is going to turn around and in- flation to slow later this year. Those who predict a contin- uing rally, with corrective dips now and then, believe that the market has not yet anticipated everything. Many shares were hit hard in last year's slump and still have a road to recovery, they say. Widely-acknowledged as a major stimulant to the mar- ket has been the rapid decline in interest rates. The return on stocks has suddenly become as attract- ive as those available on short-term money market in- vestments. Electric car intensified by (CP) its petroleum, as small trucks ''rising cost of large cities buses. Little change currently retailing pollution, be made to the about a gallon, hold propulsion causing France to Easy to based on lead sify research are quiet, cheap electric and thousand such Several could be built buses, capable of the vehicles year, says the sporting about presented to the passengers at a can travel only speed of 35 miles distance 1982 to 1990 hour, are already plying the Paris streets on a trial batteries have to be recharged. The Citadine, the emphasis would shift to the power Cities such as car on exploring per-formance im- and Dijon are also experimenting, in is a five-horsepower to be found in zinc-nickel batteries municipal a top speed of in zinc-air with several an hour. Less cars built by feet long, its ators. and the Electricite batteries thus, a car France charged for as the Renault And the 50 'or. hours after about roll 125 miles at French owners less than 60 Citadine, an Citadine an hour before perimental electric to feed its made by Jhe improve at the plug. company, claim their the vehicles, ideal costs are l-10th the plans to use as taxis in urban they would be for yearly could be sold at gasoline from about rate of about to million year, the study fore- The dozen-odd and engaged in study recently have an to the 1990, work spokesman in proceed on refin- Jarrot, French nature and the and marketing a minister responsible for the quality of life. Mr. suggests 10 per cent of all cars weighing only one-third as much as the Jarrot has for could 600-pound months been driving one of 10 experimental R5 electric cars built powered in about 15 years. To give the vehicles The lighter motor would allow greater speed and Reneault lasting Electricite de greater is thought that The minister likes more nuclear point out that, a 15-year stations, slated the Second World program be built in the 1980s, he perfected an provide enough tricycle which he now for the night- for short emphasis would recharging of the For a country such on the batteries in the France, which must of utility car." B.C. mining industry faces continual decline SPOKANE, Wash. (AP) A Placer Development Ltd. vice-president said here that British Columbia's mining in- dustry will continue to decline until the provincial and federal governments again permit fair profits. E. A. Scholz of Vancouver, in a speech to the Northwest Mining Association, said Americans would do well to avoid the example of what he called repressive B.C. legislation. Scholz said a New Democratic Party program of state ownership and control of industry has led only to layoffs and shutdowns, with a consequent loss of income, jobs, taxes, exports and technical talent. Provincial and federal governments, he said, must establish "stable political and economic environments." Scholz said mine production in British Columbia rose from million in 1942 to more than billion last year. The NDP took control in 1972, he said, and began ruin- ing the mining Industry under the guise of providing "a fair share of the benefits for the people." In fact, he said, the industry has made a 9.8 per cent return on its investments from 1968 to 1973. He said the greatest adverse impact'came from the Mineral Royalties Act and the Mineral Land Tax Act. He said those laws and new federal tax rulings have meant that some miners are taxed up to 170 per cent of their income. Also luring investors back into the market were the bar- gain prices of many shares! During the 1974 decline, the Toronto index of leading in-, dustrial shares fell to a four- year low and the New York Dow Jones average to a 12- year low. Leading the rally at Toronto were shares of oil producers, reflecting the belief that the federal-provincial dispute on resource taxation may be on the way to being resolved. Recession fighting measures proposed in the United States also helped rebuild investor confidence in an economy whose health is important to Canada. The change in attitude has been evident recently in an increase in buy recommenda- tions from brokers, although many remain cautious. E. Wayne Clendenning, eco- 'homic adviser to Richardson Securities, wrote recently of a "better environment" for .stock markets. He said "as- tute equity purchases in. 1975 should reward investors over the next year or so." Babson's Reports, a To- ronto-based advisory service, said in a recent Canadian In- vestment Letter that, after months of advising reduced holdings in common stocks, it now recommends "small pur- chases of high quality stocks which have weathered the de- cline well and a generally cautious preparation for grad- ual re-entry into the market." However, not all investors are convinced the worst is be- hind the market. Canada Trust says in a quarterly review that "contin- uing poor economic and .cor- porate news will likely miti- gate against any substantial improvement in equity val- ues. "Accordingly, we anticipate a pattern of intermittent ral- lies over the next several months but doubt that a solid market base may be formed until later in the year." Even some managers of in- stitutional portfolios who jumped .on the buying band- wagon are nervous. The manager of a large pen- sion fund said the answer to how sustained the stock market recovery will be de- pends on inflation. "If you think inflation has been tamed sufficiently so that we will get.an average of maybe seven per cent over the next five years, there is no doubt that this is the buying opportunity of all time. You just go out and buy ev- erything. "If, on the other hand, the average is going to be more like 10 per cent and upward, then the strength won't last very long. Personally, I want to see those lower inflation figures for awhile before I be- lieve it." Car sales up VANCOUVER (CP) British Leyland Motors Van- couver Ltd. reported Tuesday that car sales in its western region increased 119 per cent in the last quarter of 1974 over the same period in 1973. The company said in a news release- that 741 sportscar's and sedans were sold in British Columbia and Alberta in the final quarter of last year while 338 units were sold in the same period a year earlier. ;