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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 10, 1975, Lethbridge, Alberta Monday, February 10, 1975 THE LETHBRIDGE HERALD 19 Syncrude partners HI- ncrum BI du pru TORONTO (CP) The continue arop estimated at 44 per ceni TORONTO (CP) Oil in- federal, Alberta and Ontario Imperial Oil Ltd., Gulf a trend that began late dustry officials doing some which will own 30 per cent Canada Ltd. and week. The widely-based industrial index was off .46 to 181.02. The index lost 1.55 points Friday after sharp gains earlier in the week. The gold index was down 2.12 to 396.04 and base metals .29 to 67.35. Western oils gained .72 to 157.29. Declines outnumbered advances 111 to 98 with 152 issues unchanged. Volume by 11 a.m. was shares, down from at the same time Friday. Andrew Wines fell to Inco A to Cominco to and MacMillan Bloedel to Dome Pete rose to Maclaren Power A Vz to Redpath A Vz to and Rank A 45 cents to quick calculations figure the of Syncrude would pick up Cities Services, corporations owning 70 per about 78 per cent of the pre- Based on certain cost and cent of Syncrude Canada Ltd. tax profits of the Alberta oil other assumptions, the figur-could end up with about 22 per sands producer. ing goes like this: cent of the profits. Start with of pre-tax Syn-The three The corporate owners are crude profit. Under the basic earlier agreement, Alberta can take _, f 50 cents of that profit. Then 15 China increases to the The federal governmen I I takes 8.75 cents in income tax Oil eXDOrter rOie Provincial income tax takes MT 3.9 cents or more. That adds up to almost 78 New York Times Service another potential supplier of cents for governraents. NEW YORK China has oil to Japan. The rest] based on the en lanced her growing role as A Soviet effort to interest ?o-30 ownership split which a petroleum exporter by com- the Japanese in the construe- may not necessarjiy continue pleting her first large lion of a. Trans-Siberian would be after.tax profit to diameter pipeline from pipeline appears to have the companjes Manchurian oilfields to a collapsed, and an alternative Currently, Imperial is tak-tanker terminal on the Yellow transport route across jng 31 25 per cent of Syncrude Sea. Siberia, combining pipelines 16 ?5 CHies Servjce 22 The 715-mile project com- and a new railroad pcr cent of ownership, pleted han a year ago is Planned comPleted The calculation is based on wiT recently disclosed in a only ln 1982' Japa" lm; current expectations. Oil pro recenuy uibcioseu in d ports about two million tons of start until 1971 Peking radio broadcast as f s duction won t start until is s part of a policy of greater dis- year trom tne boviet and profits aren't assured, closure of Chinese economic chinese crude oi, production gains which remain largely h bcen increasinFg rapidly veiled by secrecy. since the discovery of the TW The region through which Taching field in 1959-80. Pek- "A. I C.11C1 the pipeline runs was struck ing does not publish detailed last Tuesday by- a major economic statistics, .but oil 1 earthquake that might have production was reported by caused some damage to the Premier Chou En-Lai in f r transmission line. No details conversations with foreign are yet available. visitors as having risen from M 10 million tons in 1965 to 20 Fclcllctl The pipeline, from the in 1970 and 50 million J Taching oil field to the 1973 One million metric WASHINGTON (Reuter) -fo" Tartic la' is of ReprelmSiles is ol particular mteresi to barrels a day. wavs and means committee Japan, which began importing Last year china a Sf a pTposed vearZ Chinese'are reported per ra? T6 ln relief Plan that 'L hnvo chinnoH fmir minimi whlc" would have wouid have aided corporations to nuvc snippsu iijur IIUJHUII inprpa'ipd actuaT outout to 60 Ft th metric tons to Japan, earning tons In addjtion to guch as chrysleri Pai; about WU minion. Taching, which is believed to American World Airways and By completing a pipeline to supply a -little less than half, Lockheed Aerospace, a tanker terminal within easy the production increases stem C0mrhittee voted 17-16 sailing range of Japan, the from two other fields to turn down a proposal that Chinese also appear to have developed within the last 10 wouid have allowed cor-improved their position in years on the coast of the porations to write off their relation to the Soviet Union, Yellow Sea. losses against their profitable years going back to 1962. The. treasury department 1 f opposed the proposal. Lar rental firm Assistant Treasury Secretary Frederick Hickman told the tax writers that the increases rate "e-enu.ii, private Representative Richard TORONTO (CP) Citing introduced a flat daily charge Vander Veen, a Michigan higher operating costs, one ranging from and 10 cents Democrat, tried to attach the leading car rental firm has a mile for sub compact tax relief proposal to a raised its rates, while another models to and 17 cents a measure that would give a tax has dropped free mileage mile for its most expensive rebate to individuals, a varia-provisions. cars. tion of President Ford's plan Hertz Canada Ltd. of In Toronto, a spokesman for for a quick stimulus to help Toronto said today it has ad- Host Rent-A-Car Ltd., Win- the Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS Magnasonlcs 1.65 AND MINES Pacilic Pete 19.50 Aflon Mines 3.90 Pe-Ben Oimeld Serv 3.95 Albany Oil .38 Royal Trust 23.25 Alta East Gas 5.62Vi Sandwell 5.75 Alminex 5.50 Teldyne 4.75 Asamera 9.12'A Traders Grp Pld 10.75 Ashland Oil 6.75 Trimac 4.75 BP Canada 10.62V4 Wesllield Min 1.20 Brenda Mines 3.25 Weslon A Pld 50.00 Cda South 2.16 while Yukon 6.00 Cdn Ex Gas 2.45 PIPELINE STOCKS Cdn Homestead 3.40 Alta Gas trk A 1250 Cdn Ind Gas Oil 7.25 Alia Gas Trk Pld 56.00 Cdn Long Is .14 Alta Nat Gas 15.25 Cdn Super 29.75 Gaz Melro 6.00 Chleltan Dev 6.12VS Gas Metro A Pld 50.00 Dome Pete 25.00 Inland Nat Gas 8 Dynasty 8.50 N 8 C Gas 11.25 Nulorl Ftes .12 NSC Gas B Pld 21.00 Giant Mascot .68 Trans-Cda Pipe 11.00 Gibraltar Mines 4.90 Trans-Cda A Pfd 60.76 Granisle 12.50 Trans-Cda B Pld 33.00 Gl Cdn Oil S 8.00 Trans-Cda War 1.03 Lochlel Ex 1.12 West Trans 23.00 Lytton Min 1.12 WC Trans War 2.74 North Cdn Oil 4.50 CALGARY Numac Oil Acroll .31 Pancdn Pete 10.25 Barons Oil .05 Pan Ocean N. Continental .02 Petrol 1.30 Western Warner .15 Paloma .60 VANCOUVER Place Gas .25 MINES Ponder .44 Bathurst Norsemines 1-32 Ranger Oil 19.50 Cima Resources .74 Scurry Rain 13.75 Dankoe 2.40 Seibens Davenport .72 Spooner .25Vz Lornex 4.25 Total Pete 5.50 Northair Mines 2.30 Ulster Pete .63 Primer .14 United Canso fl.QO Pyramid .05 West Pete 3.BO Silver Standard 1.27 West Decalta 4.35 Valley Copper 6.25 MISCELLANEOUS INDUSTRIALS INDUSTRIALS Key Industries .06 Acres Ltd 6.62VS Wardair 1.55 Aquitaine 17.50 OILS BC Sugar C-PId 12.00 August Petroleum .17 Block Bros 3.10 Plains Pete -12 Canbra Foods 3.45 Stampede Int'l Resources .66 Cdn Pac Inv A Pld 29.50 MUTUAL FUNDS Cdn Pacilic Inv 14.75 All Cdn. Compound 5.08 Carling O'Keele A Pld 19.62Vi All Cdn. Dividend 5.43 Carling O'Keefe B Pld 22.00 All Cdn. Ventures 2.17 Comm Cap Corp 2.10 American Growth Fund Crestbrook Ind 3.95 A.G.F. Special 2.03 Crowsnest Ind 22.00 Eaton Commonwealth 12.26 Falcon Copper 7.62Vj Eaton Leverage 2.81 F M Trust Co 5.00 Eaton Int'l Venture 2.01 Genstar 18.00 Corp. Investors Home Oil A 23.50 Corp Investors Stock Fund 4.00 Home Oil B 22.00 Grouped Income Shares 2.51 Hud Bay Co 15.75 Investors Growth Fund 10.56 Hud Say Oil 25.37'A Investors Mutual 4.08 Hud Bay A Pfd 31.00 Mutual Accumulating 5.0E Hugh Russell 58.00 Nat. Resources 3.55 Husky Oi! N.W. Cdn. 4.47 Husky Oil B Pfd 33.00 N.W. Growth 3.79 Husky E War 4.80 Principal Growth 3.5C nterprov Pipe 2.21 Roylund 5.87 nterprov Steel 15.50 Templeton Growth 7.14 Kaiser Res 7.00 United Accumulative 3.8E Kaiser Res War 4.00 Universal Savings' 7.02 Loolaw Co C Pld 26.25 Vanguard 4.18 Toronto mines, industrials {Supplied by Richardson Securities of Canada) MINES BC Tel Acme .09 Burns Advocate Asb. 1.21 BC Forest 14.62V4 Akaltcho 1.60 BC Sugar 21.75 Bralorne 1.30 Bow Valley Ind 12.62Vi Broulan .37 Cable 13.00 Bethlehem 7.25 CAE Ind 7-00 Bovis 1.20 Cal Power 24.25 Brunswick 3.80 Canbra Foods 3.45 Can NW Land 3.30 Can Cellulose 6.87Vi Canada Tung. 3.30 Carling O'Keete 2.25 Cassiar 4.60 Chemcell 3.80 Central Pat. .85 CWN Gas Pfd 8.00 Chimo .90 Cdn Ind Conwest 2.75 Cdn Marconi 3.40 Cons. Rambler 1.52 Cdn Vlckers 13.S7V4 Coin Lake .15 Chrysler 9.37Vi Cochenour 1.10 CPR 15.87V4 Craigmont 3.65 Cominco 27.50 Dickenson Mines 7.75 Cons Bathurst 25.00 Denison Mihes 44.00 Cons Gas 15.75 D'Eldona .29 Dist Seagrams 34.50 Dome Mines 48.00 Dom Bridge 21.00 Discovery Mines 2.03 Domtar East Malartic 3.53 Dom Textile East Sullivan 1.72 Dom Stores 17.75 Falconbridge 28.50 Dome Pete 25.00 Frobex .11 Dofasco 24.25 First Maritimes .40 Glen Mobile 1.50 Giant Y.K. 11.50 Grt Cdh Oil Granduc 1.11 Gen Motors 35.50 Hollinger A 28.50 Grt Lakes Paper Hudson Bay M8S A Gull Oil 28.75 Hydra Ex. .60 Greyhound 14.50 ron Bay 4.85 Hawker Sid 5.1 2VS so 1.06 Hiram Walker A 39.75 Joliet Quebec .23 Huron Erie Kerr Addison Imperial Oi! A 27.00 Key Anacon .24V4 Imasca A 28.00 Labrador 31.00 Int Nickel 24.00 Lake Shore 3.65 Int Pipe 14.37'A Langis Silver .13V4 Inv Grp A 7.25 Madsen .56 IU Int'l 11.25 Malartic G.F. 1.15 IAC Ltd 19.37VS Martin McNeely .29 Jannock 5.87Vi Maclntyre 40.50 Kaps 2.15 Meta .11 Vz Kei Douglas A 5.25 Midrim .11 Laurentide 8.50 ntern Mogul 3.40 Loeb 3.30 NuWest Homes 7.00 Lobiaw A 6.00 NewAthona, .18 Metropolitan 14.00 New Calumet .15 Massey Ferg 15.00 Noranda 31.62V? McMill Bloed Northgate 3.85 Moore Corp 44.00 Norlex .15 Molsons A Pine Point Molsons B 16.87Vi Placer Dev. Nachurs Pax Exp. 1.28 North Cent 11.00 Quebec Man .15 Peyto 3.80 Rayrock .95 Power Corp 9.00 Radiore 21 Price Co 13.62Vz Rio Algom 23.75 Rothmans 10.50 Roman Corp. 11.62Vi Shell CDA 14.62V; Sherritt Gordon Simpsons 8.00 Steep Rock i.02 Simp Sears Sunningdale 3.90 Steel Can A Tek Corp A 2.90 Selkirk A 13.25 Texmont 18 Texaco 31.00 United Canso 8.00 Trad Grp A 13.00 Western Mines 1.81 Trans Mtn Pipe 11.00 WH Copper Mines 1.71 Trans Can Pipe 10.87Vi Wright Hargreaves 1.25 Union Carbide 18.00 Willroy 1.60 Union Gas 8.87Vz Windlall .11 Union Oil 8.25 Yellowknife Bear 2.32 United Siscoe 3.80 Zenmac .06 Versatile Mlg 7.00 Westeel 26.25 INDUSTRIALS Westons 22.87Vi Abitibi 9.50 Woodwards A 21.50 Alcan 20.50 BANKS Algoma Steel 28.25 Can Imperial 25.87Va Atco Ind 15.25 Montreal 14.62V4 Agra Ind 6.6214 Nova Scotia Bell Tel Royal 30.62H Brascan A 12.B7V4 Tor.Dom 39.50 New York (Supplied by Richardson Securities of Canada) Amr. T S T 49.62V! Woolworth 13.50 Anaconda 15.75 Westmghouse Elec 11.62V4 Beth Steel 30.37V, U-s- s'eel 4S-25 Chrysler 962V4 Gen Tel Elec 21.50 Comsat TORONTO AVERAGES Dupont 9700 20 Industrials 181.08 down .40 General Motors asisO 20 Golds 399-07 UP '91 Gulf 2025 10 Metals 67.28 down .36 Int. Harvester 13.2S '5 Western Oils 156.82 up .25 SgSmTryWard qpare EQOE 20 Industrials 710.57 down 1.33 20 R'Us 15M9 acm PART TIME NIGHT COOK 3 Nights Weekly from to p.m. Apply to: ROYAL CANADIAN LEGION 1st Avenue and 8th Street S., Lethbridge EXPERIENCED Automotive Partsperson for Sales and Stock Control Salary commensurate with experience. Apply in person at HAGEN ELECTRIC LETH. LTD. 1202-2nd Avenue South trends MONTREAL (CP) Prices continued lower in light trading Monday on the Montreal Slock Exchange. Analysts attributed losses primarily to a continuation of the pattern established Friday, when profit-taking replaced a two-day shopping spree and helped throw the MSE into its present decline. Papers lost 0.26 to 107.07. utilities 0.26 to 137.74, the composite 0.04 to 181. 90, industrials 0.03 to 164.39 and banks 0.01 tu 248.23. Alcan Aluminium added to Shell Canada 9's to and Imperial Oil A Vs to while Bell Canada lost Vi to and Chrysler to S9Va. Among speculative issues, Dynamic was up four cents to 76 cents on turnover of shares. VANCOUVER (CP) Prices were down in light trading today on the Vancouver Stock Exchange. Early volume was shares. Leading the industrials REQUIRED IMMEDIATELY MAINTENANCE PERSON with some experience in bucket elevators, screw conveyers, compressors, and low pressure 'boiler maintenance. PROCESS PERSON with at least 1 year experience in a Chemical plant. Apply in person to plant manager. AQUA TECH LTD. An Activated Carbon Plant 3719 2nd Avenue N. Lethbridge, Alberta Phone 328-0303 was down .03 at .43 while Davenport led the oils, unchanged at .70 on shares. NEW YORK (AP) The stock market took a breather Monday after two weeks of fireworks, with prices drifting lower and the pace of activity tapering off. The noon Dow Jones average of 30 industrials was down 1.33 to 710.58. Losers held a 6-to-5 edge on gainers at the New York Stock Exchange. On the American Stock Exchange, the market-value index slipped .08 to 75 even. The NYSE composite index of all its listed common stocks fell .03 to 41.78. Among Canadian issues. Dome Mines was up to Canadian Pacific lit to and Massey Ferguson to International Nickel fell to Winnipeg grain WINNIPEG (CP) Prices continued, to show moderate strength through mid-session Monday on the Winnipeg Commodity CO-ORDINATOR POSITION: Manager of the Travel and Convention Centre of Southern Alberta. Promotion of tourism and conventions. LOCATION: Lethbridge, Alberta SALARY: Commensurate with qualifications and experience. Applications with detailed resume will be accepted until March Please direct all applications to: Mr. Steve Kotch, President Travel and Convention Association of Southern Alberta P.O. BOx 986 Lethbridge, Alberta TU 4A2 as 23 cents a bushel, but most other commodities posted only marginal gains. Friday's volume of trade was bushels of feed wheat, of oats, 924.000 of barley, Of rye, of flax, of rapeseed and nil of corn. Mid-session prices: Thunder Bay rapeseed. May IBM; higher July 12 higher 7.10A; Oct. higher 23 higher 6.68A. Vancouver rapeseed: Mar-., June, Sep.. Nov. not open. Flax: May three higher 8.60B; July three higher 8.23B: Oct. one higher 8.09B; Nov. not open. Feed wheat: May Vz higher 3.83Vi; July unchanged 3.78A; Oct. not open. Corn: Mar., May. and Jly. not open. Barley: May lh higher Jly. and Oct. not open. Oats: May unchanged 1.84 'A; July unchanged Oct. not open. Rye: May higher July higher 2.65-T'aA: Oct. unchanged 2.45'AB. Street prices Per bushel street prices basis Lethbridge. FLAX 1CW 7.93, 2CW 7.88, 3CW 6.43: WHEAT 3CWRS 3.29'4. 3 Utility HYE 2CW 2.17. 3CW 2.12, 4CW 1.87. Ergoty 1.75: OATS 1 feed 1.48, 2 feed 1.43. RAPESEED 1 Canada 2 Canada 3 Canada BARLEY 1 feed 2.29'i, 2 feed 2.25 "A. Canadian wheat board selling prices basis Thunder Bay. WHEAT 3 Utility OATS -1 feed 2 feed 1.8314: BARLEY 1 feed 2.75. 2 feed vised its Canadian outlets of a nipeg, said it is probable that Under the Vander Veen flat ?1 daily rate increase on rental rates charged by Host proposal, businesses that suf-all cars. There is'no change in franchise holders will fered losses since 1970 would the company's unlimited increase at mid-year. have been able to offset those free mileage offer at most of Host currently charges losses against their profitable the company's domestic out- varying rates, depending on years going back eight lets. location. In the Toronto area, previous years. Meanwhile, Avis Transport charges range from a Present law allows cor-of Canada Ltd. .Montreal, said day for a sub-compact to porations to offset their it has abandoned its 100-mile for a standard sized business losses against free mileage ceiling and has car. The rate for luxury type previous profits for three past models ranges between years, and Maximum free A committee staff expert Sfinflv mileage offered by Host said that Pan American might aufllia operators in the Toronto area have saved some million is 200 miles a day for fr0m the plan and Lockheed I miles a week. would have been given about StOCK riS6 Neither Tilden Rent-A-Car million in tax relief. Ltd., Montreal, nor Budget Rent-A-Car of Canada Ltd. said there were any plans at fjf ttftt this time to change rates or Store free-mileage structures. FORT McMURRAY (CP) tn An Edmonton stockbroker uuiivia lit EamiflgS Up be dosed (GCOS) says he expects prices of GCOS stock to VANCOUVER (CP) Hy's NEW YORK (Reuter) J. almost double from of Canada Ltd. have reported L. Scott, chairman of the December levels, following a net earnings of or 79 Great Atlantic and Pacific federal government commit- cents a share for the year end- Tea Co. A and P told a news ment last week for higher syn- ed SePl- 30, 1974. This- com- conference Thursday that the thetic oil prices. pares with earnings of chain plans to close many of Mr. Lewis, operations 000 or 64 cents a share for the its stores this year with a manager for GCOS from 1967 previous year. -single write-off, to 1969 and a consulting HV Aisenstat, president of While Scott refused to engineer in the oil sands area tne company, said that sales specify how many of the A and of northeastern Alberta, and other income were P's retail outlets will be predicted that GCOS stock during 1974 com- closed, he said it will be more will trade at by spring. It Pared wim during than in any recent year. A reached a low of in early tne previous year. The com- company spokesman said as December on the Toronto Ex- Panv employs about 800 people many as 400 stores have been change. and operates 18 restaurants. closed in a single TELECOMMUNICATIONS REQUIRES Experienced Radio Technicians FOR EMPLOYMENT IN NORTHERN CANADA CNT is actively seeking qualified applicants to fill several vacancies currently existing in the Radio Technician classification on the Trop-ospheric Scalier Radio System. EXPERIENCE REQUIREMENTS Preference will be given to Institute of Technology (Telecommunications Program) graduates, or equivalent, who also posses work experience on Tropospheric Scatter or similar radio transmission systems. Applicants will be required to pass pre-requisite technical examinations and a Company medical. Any required familiarization training will be provided prior to assuming the work assignment. WORK LOCATION The successful applicants will be headquartered at Edmonton, Afberta and work on a 42-day -rotation basis, i.e. one day's travel between Edmonton and the Northwest Territories work location at commencement and end of work assignment, which is of 28 days duration, followed by 12 days at home. The Company provides meals and lodging Iree of charge while employee is at the work location. SALARY RANGE lo S15.633. per annum, including allowance. Start rate will be commensurate with experience, nterested applicants are requested to apply to the undersigned, in writing, stating their technical educational and work background. Regional Manager CN Telecommunications 9920-104 Avenue Edmonton, Alberta T5J 2X1 Rouil Trust f IF YOU CAN SELL This could be a good sign for you Royal Trust Real Estate, Canada's largest coast to coast I 1 Realtor, has an opening for one more sales agent. The ideal candidate should be young and aggresive with a H desire for above average earnings. Previous selling ex- H perience an asset. Those with earnings of annually H m for the past two .years while employed in the Real Estate II 1 Industry are eligible to join the Company Pension Plan 1 plus receive many other Benefits. For more information call Bob Butchart 328-7761 or write 914-3rd Ave. S., Leth- 1 'bridge. All inquiries confidential. I 1 ROYAL TRUST REAL ESTATE 1 "Decide What You Want- We Can FOR SALE OR 1 sq. ft., Sprinklered, Rail Service, Immediately! Location: 111 11th Street South, Lethbridge Call 328-1705 Or 253-7155 (Calgary) 24 1 1.0 ITV Gull 27SO 15 Utilities 81.54 down .09 Texas Co 248714 65 Stocks 228.32 down Corporation 11.25 Volume ;