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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 13, 1974, Lethbridge, Alberta Gov't pledges financial aid for vegetable producers By RIC SWIHART Herald Staff Writer The Alberta government Tuesday pledged about million to producers of vegetables in this province Glen Purnell, deputy minister of agriculture announced a provincial program of cash incentives to growers of vegetables for both fresh and processed markets in Alberta spread over a four- year period. TON PAYMENT In making the announcement, Dr. Purnell said producers would receive a cash payment in 1974 based on so much product per ton sold. He placed the values at per ton for each of cabbage, carrots, rutabagas and parsnips, per ton for sweet corn and per ton for onions. The incentive in the three years following 1974 will decrease by one-third each year until growers are phased out of the program in the 1977 production year. Dr. Purnell said the program was designed to have the marketing and management techniques of all growers in such a state by 1977 that it will have established a firm, confident vegetable industry designed to meeting the entire domestic demand for vegetables in Alberta. But the program fell on quiet ears at the annual Glen Purnell meeting of the Alberta Fresh Vegetable Grower's Association in the Park Plaza. Dave Zaychuk of Edmonton, president of the association, told The Herald following the banquet announcement he Action started on farmer oil well problems The energy crisis has hit the Alberta Fresh Vegetable Growers Association but moves are underway to alleviate the problem. A resolution passed by the association at its annual meeting in Lethbridge Tuesday called for relocation of petroleum wells on land being used to grow vegetables. Jim Thomsen of Rolling Hills, chairman of the business sesssions at the meeting, said the Interim Eastern Irrigation District Land Owner's Association has had a fight with the oil companies to move the wells to one corner of the quarter sections of land. Under present conditions, the oil companies drill in the centre of each quarter section parcel of land because regulations for shallow wells requires it. The land owners want the wells drilled in future in the northeast corner of the land so they won't interfere with the operation of the sophisticated irrigation equipment. Jay Purnell, director of the Alberta irrigation division of the provincial department of agriculture in Lethbridge, assured the producers the matter was being dealt with and'it was possible to solve the problem. Mr. Thomsen said 200 gas wells have been proposed for the Rainier district to meet the needs of the soon-to-be constructed fertilizer manufacturing plant in Medicine Hat and some regulation was needed to accommodate agricultural farming practices in the area. AIR FRANCE DEFICIT PARIS (AP) Air France made no profits in 1973 and the outlook in fuel-short 1974 is bleak, said Director-General Pierre Cot. Preliminary figures indicate the balance sheet for last year will be "balanced." Officials said this meant zero profits. For 1974, demands of the oil companies will lead to a four- fold increase in fuel prices, or an additional cost of million. Marketing board agency vegetable industry must A marketing board and more borrowing power for the producer are the two criteria for a successful vegetable industry, says the president of the Alberta Fresh Vegetable Growers Association. Dave Zaychuk of Edmonton, re-elected president at the group's annual meeting in Lethbridge Tuesday, says a marketing board which would be able to give the grower a fair, equitable price for vegetables would be the biggest incentive for the grower to produce quality goods. "To get a quality product one also has to get a price which is not set by an inferior product as is now the says Mr. Zaychuk. "We felt along with a marketing board the number one requirement is more capital at a more realistic interest rate and terms than now is available. "However, I emphasize that both the board and new capital must go together for without one the other is of no value." Mr. Zaychuk welcomed the announcement from Alberta agriculture Deputy Minister Glen Purnell who told the association a producer plebiscite would be called within two months to allow them to select the method of controlling the sale of their vegetables. Mr. Zaychuk said with both requirements satisfied, Alberta vegetable producers will be able to provide consumers with a more constant, cheaper, wholesome and fresh supply of vegetables. Registered Retirement Savings Plan (B' Now at HIGH INTEREST TAX SAVINGS Hi MlRMShltlM CfclFftS PLAN "A" SELF ADMINISTERED NOMINAL FEES INKERS ft KMHOTS TRUST 30t nh Si S., UthMdgt Phone 328-5548 can't see any immediate solution to the cost-price squeeze for the vegetable producer through this new program. He said it will mean some extra money for the producer but in order to produce more, the producers are going to have to invest in more equipment "that might cost more to buy than the program will return." Mr. Zaychuk said he would rather have seen a roll back in interest rates although, "I won't refuse the extra money. I will take an extra hard look before expanding my production because of the program." Dietrich Kulhman of Edmonton, chairman of the Alberta Fresh Vegetable Commission which sells Alberta's fresh vegetables, said the program was designed to "keep producers in Alberta quiet and I don't think it will work." He said government policies for the future must be broader based than the new policy. "The vegetable producer has just got to make more money to stay in business." Mr. Kulhman said the new program would help growers who sell to the vegetable processors in Lethbridge (Alberta Canning and Empress Foods) and in Taber (Empress Foods) more than the fresh vegetable producers who sell at the farm gate or through stores directly to consumers the processed vegetable growers generally get less money. Grading standards to improve Better grading stations to improve the quality of Alberta vegetables and a marketing agency to more effectively sell those vegetables are in store for provincial producers. Bill Nagai of Taber, a member of the Vegetable Inquiry Committee set up to report on the vegetable industry, said Tuesday the committee has set the quality and marketing for vegetable products at the top of the priority list. Mr. Nagai told 25 farmers and government agriculturists at the annual meeting of the Alberta Fresh Vegetable Growers Association in Lethbridge the application of grading standards must be made more consistent. He said the committee has envisioned three types of grading stations. The commercial license station would be the largest and would be required to accept all products from all growers. The private license station has no compulsion to accept all products from all producers while the registered station would be a small individual unit operated by the producer involved. Mr. Nagai said the marketing agency envisioned would have the power to set prices the producer receives, assuring some form of profit. Edmonton producer re-elected An Edmonton vegetable producer was re-elected president of the Alberta Fresh Vegetable Grower's Association at the group's annual meeting in Lethbridge Tuesday. Dave Zaychuk was named to head the 100-member organization which protects the interests of producers who grow vegetables for table- ready use in Alberta. Members of the association from Southern Alberta who were elected at a regional meeting last spring include Walter Endo and Bill Nagai of Taber and Dave Wilms of Bow Island. SLICE CAR OUTPUT NEW YORK AP) United States auto makers are plan- ning big cots in February pro- duction. About half of the country's 44 auto assembly plants will be idle for at least part of the month. Only American Motors, smallest of the car makers, plans increases in February. The Herald Wednesday, February LETHBRIDOC HERALD Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS AND MINES Alton Mines Albany OH -68 Alminex Asamera 12.25 Ashland 11.00 Alta East Gas BP Canada 14.50 Brenda Mines 7.3714 Can South Cdn Ex Gas 3.20 Cdn Homestd 6.37V4 Cdn Ind Gas Oil 9.00 Cdn Long Is .20 Chieftan 10.00 Cdn Super 56.50 Dome Pete 39.50 Dynasty 9.50 Fort Reliance -31 Giant Mascot 2.24 Gibraltar Mines Granisle 8.50 Gt Plains 29.00 Gt Cdn Oil S Lochiei Ex 2.75 Lytton Min 1.55 Noble Mines .96 North Cdn Oil 5.12% Numac Pancdn Pete Pan Ocean 15.75 Petrol 1.80 Pinnacle -21 place Gas .49 Ponder .53 Ranger Oil 39.75 Scurry Rain 20.75 Seibens 17.00 Spooner .41 Total Pete Ulster Pete 1-38 United Canso 20.00 West Pete 5.75 West Decalta 7.25 MISCELLANEOUS INDUSTRIES Acres Ltd 10.50 Aquitaine 28.00 BC Sugar A Pfd 14.00 Block Bros 3.65 Cdn Pac Inv A Pfd 34.00 Com Cap Corp 2.40 Carling O'Keefe A Pfd Carling O'Keefe B Pfd 28.50 Crestbrook Ind 8.37V4 Crowsnest Ind 27.00 Falcon Copper 12.25 F and M Trust Co 5.25 Genstar 16.75 Global Com Unit 39.00 Home A 49.25 Home B 46.00 Hud Bay Co 16.75 Hud Bay Oil 44.00 Hud Bay A Pfd 50.00 Hugh Russell C Pfd 54.75 Husky Oil 1.9-75 Husky B Pfd 39.6214 Husky D War 5.50 Husky E War Hys of Canada 3.15 Inter Prov Pipe 6.50 Inter Prov Steel 15.00 Kaiser Res 4.45 Loblaw C Pfd 25.50 Magnasonics 5.37V4 Pacific Pete 32.25 Pac West Air 7.1214 Pe-Ben Oilfield 6.12% Rainier Inc 3.87V4 Royal Trust 26.00 Sandwell 5 75 Teledyne Trimac West Cdn Seed Westfield Min 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 Pac Gas Trans Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans Wts 4.90 7.00 3.50 1.25 59-12% 8.50 12.12% 63.00 18.25 9.75 5.75 64.00 12.25 23.62% 10.50 33.25 62.25 36.00 4.90 23.87% 4.05 Acroll -70 Barons Oils .15 North Contin'l .02% West Warner .30 VANCOUVER MINES Atlas Explor .34 Bath Norse 1.39 Dankoe 3.65 Davenport .62 Dolly Varden .55 Equitorial .20 Lornex 9.75 Northair Mines 4.00 Primer .12 Pyramid .12 Silver Standard 2.22 Valley Copper 9.75 INDUSTRIALS Colurp Brew 3.05 Key Industries .14 Wardair 1.55 OILS August Pete .67 Plains Pete .21 Pond Explor .90 Stampede Intl Res .80 MUTUAL FUNDS All Cdn Compound 6.27 6.82 All Cdn Dividend 6.63 7.21 All Cdn Ventures 3.47 3.77 Amer Grow F 4.44 4.88 AGF Special 2.37 Cdn Invest F 4.86 5.33 Collect Mutual 5.02 5.51 Com Inter 13.40 13.40 Com Leverage 3.14 3.14 Com Venture 5.56 5.56 Corp Investors 6.25 6.87 Corp Invest S F 4.70 5.16 Dreyfus Fund US 10.18 11.16 Grt Pacific 4.55 4.97 Grpd Income Shares 3.01 3.31 Growth Equity 7.16 7.87 Invest Grow F 11.77 12.86 Invest Mutual 5.59 6.11 Mutual Accum 5.93 6.51 Mutual Grow F 3.13 3.45 Nat Resou.'ces 4.81 5.29 NW Cdn 5.20 5.71 NW Growth 4.33 4.76 Principal Growth 4.34 4.73 Provident Mutual 7.30 7.99 Royfund 6.67 6.95 Temple Growth 7.34 8.04 United Accumul 4.43 4.87 Univer Savings 7.86 8.65 Univest 5.74 6.31 Vanguard 5.74 6.29 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmortt Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger Hudson Bay Hydra Ex. Iron Bay ISO Joiiet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrim Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radtore Wo Algom Roman Corp. SbeTrffl Gordon Sleep Rock Sunningdale Tek Corp A Texmorrt United Canso Western Mines WH Copper Mines WogM Hargresves Wfllroy Windfall Ysflowlmfte Sear Zenmac INDUSTRIALS Afefflbl Alcan ATgoma Steel Agra Ind Bell Tel Brascan A BC Tel -14 1.22 2.28 2.37 .85 15.25 1.70 5.00 7.75 3.50 10.75 1.20 1.17 4.90 2.90 .28 2.26 6.00 8.75 52.50 .52 171.25 1.70 9.12% 2.85 61.25 .31 .75 23.00 3.60 42.00 24.37% .62 3.85 2.03 .27 15.37% .42 40.50 7.12% .15 3.15 2.60 -60 52.25 .18 .19 9.87% 10.00 .31 .40 47.87% 6.12% .30 33.12% 24.12% 1.90 .31 1.30 .35 35.87% 13.62% 13.25 1.98 8.12% 4.60 .27 20.25 345 3.15 1-73 -18 4.90 .13 13.25 32.75 24.12% 1662H 650 8 87% 62% 1625 5000 Burns BC Forest BC Sugar A Bow Valley Ind Cable CAE Ind Carling O'Keefe Chemcell Cdn Cellulose Calgary Power Coron Credit CWN Gas Pfd Cdn Industries Marconi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glendale Mobile Grt Cdn Oil Sands General Motors Grt Lakes Paper Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Huron Erie Imperial Oil Imasca Int Nickel Int Pipe Inv Group A IU Infl Indusl Accept Kaps Kelly Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMillan Bioedell Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Peyto Rothmans SnenCDA Simpsons Sitmp Sears Steel Canada Selkirk A Tecaco Traders Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union CHI United Stscoe Versatile Mtg Westons Woodwards A West Cdn Seed Zenith Bee Cdn Imperial Wlortreal Nova Scotia Boyai Torontc-Oom BANKS 13.62% 18.75 20.25 26.50 15.62% 9.50 3.90 5.25 6.12% 23.12% 2.20 9.75 54.00 3.40 17.00 17.00 15.62% 33.12% 26.50 17.00 41.50 39.50 23.87% 9.87% 12.75 39.62% 30.00 7.00 9.62% 48.62% 24.00 33.25 17.25 5.37% 50.50 27.12% 39.25 29.12% 35.50 21.25 8.50 16.87% 18.50 4.55 550 10.12% 3.55 6.00 12.00 15.87% 30.37% 48.37% 22.12% 21.00 7.12% 12.25 10.62% 14.00 8.25 14.75 19.00 7.87% 1130 31.75 13.75 46.00 14.87% 14.87% 3355 16.75 9.12% 13.00 8.75 637% Zi.OO 2050 20.62% 3.40 2.60 2950 20.00 38.25 3612% 37.12% Arm 7 Anaconda Beth. Steel Chrysler Comsal Ouport General Motors GuU 1rrt Harvester Kenn Copper Montaompry Wa Sears Elton Texas Co Corporation New York ied by RichardsoB Securities of Camda) 51 ZS Woohvorth 17.00 24 75 WesHngtiouse Sec 21 62% 31.12% US. Steel 3787% 17.50 Ted. Sec 8475 32 75 TORONTO AVERAGES 158 75 20 Industrials up .07 4987% 20 OoWs 552.46 down 21 10 Bsse Metals down .93 24 37% Western Oils 252.47 wp .33 3937% Volume 21 37% NEW YORK AVERAGES 75 20 Industrials 810 85 up 4 22 SO 50 20 40 up 54 33 12% 1S 93 11 down 22 2837% 65 StocVs 261.53 up .88 13.12% Volume Industrial stocks advance in moderate TSE trading TORONTO (CP) Prices on the Toronto stock market were mixed in moderate mid- morning trading today. The industrial index, consid- ered the main indicator of market trend, rose .05 to 212.32 and western oils .87 to 253.01. Golds fell 7.33 to 545.70 and base metals 1.02 to 106.29. Volume by 11 a.m. was 1.22 million shares, down from 2.01 million at the same time Tues- day. MONTREAL (CP) Prices in all sectors but industrials moved higher in light trading on the Montreal Stock Ex- change today. Volume at a.m. shares, Winnipeg gralir WINNIPEG (CP) With the .exception of rye, .all commodities posted maximum losses at mid-session on the Winnipeg Commodity Exchange today. Buyers were extremely reluctant in the early part of the session as prices turned sharply lower. Tuesday's trading volume was bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: May 30 lower 11.39A; July 30 lower 10.97A; Oct. 18 lower 10.55; Nov. 14 lower 10.41A. Rapeseed Vancouver: March 20 lower June 20 lower 6.95A; Sept. 20 lower 6.55A; Nov. 10 lower 6.35A. Rapeseed Thunder Bay: May 20 lower 6.95A; July 15 lower 6.73A; Oct. 10 lower 612A; Nov. 10 lower 6.12A. Rye: May lower 3.19B; July 5 lower 3.10; Oct. and Dec. not open. Grain quotes Tuesday basis Lakehead: High Low Close Flax May 1175 1163 1159 Jly 1127% 1120 1127 Oct 1085 1073 1073 Nov 1055 Rapeseed Vancouver Mar 770 747V4 747% Jun 721V4 715 715 Sep 675 Nov 645 Rapeseed Thunder Bay May 736 718 715 Jly 700 688 688 Oct 622 Nov 622 Rye May 329 ,322% 324% Jly 318% 312% 315 Oct 288 Dec 277 Livestock Calgary CALGARY (CP) Receipts to 11 am. Wednesday from the Calgary public stockyards totalled about 800 head, mostly butcher heifers and cows of lower quality. No top quality steers were sold early and trade was moderately active. Butcher steers met an improved demand selling steady for quality offered. Heifers sold fully steady. Butcher cows and bulls sold steady. Steers Al and 2 48-49.25, A3 46.50-48, A4 44.50-46.80. Heifers Al and 2 42.50- 43.80, A3 41-42.50, A4 37-41. Cows Dl and 2 33.50-34.30; 32-33.50, D4 27-32. Good bulls 4044.30. There were insufficient numbers and quality of replacement cattle to establish reliable quotations. Hogs f.o.b. Calgary to 11 a.m. average base price 47.15. Hog prices There were no cattle sales Monday due to the weekly sale of weaner and feeder hogs. Sales 650 hogs. All classes of weaner and feeder hogs meeting an improved demand. Prices or more higher in spots. Weaoers flS to Light feeders under 100 Ibs. 25 to 37.50. Heavy feeders 100 to 130 Ibs. to All prices per head. Light feeders under 100 Ibs. sold from 36.75 to 50 per bundled weight. Heavy feeders over 100 Ibs. sold from 26.75 to 39.25 per hundredweight Red sows 75 to per bead. Butcher hogs sold Monday at the Lethbridge yards 47.15 to 47.40 base price.-210 bead sold for export. Declines outnumbered ad- vances 181 to 153 with 183 issues unchanged. Communication, general manufacturing, bank and trust and loan issues were among industrial sub-groups to advance while oil refining, pipeline, merchandising and real estate groups were lower. G and H Steel rose tt to Cadillac Development V4 to 161, Home Oil B to 146. Market trends compared with at the same time Tuesday. Papers rose .44 to 129 39, banks .40 to 276.07, utilities .25 to 140.98, and the composite .08 to 221.67 while industrials fell .02 to 236.34. Alcan rose to and Bell Canada Vt to while Denison Mines fell 2 to Hudson's Bay Oil and Gas and Anglo-Canadian Pulp and Paper to Among speculative issues, Macdonald Mines rose five cents to VANCOUVER (Cn Prices were mixed Tuesday in moderate trading on the Vancouver Stock Exchange. Volume at the close was shares. Most active industrial issue was E.D.P. Industries, at .21 on a volume of shares. Thermo Plex traded unchanged at .80 on a turnover of shares, Captain International was unchanged at .60 on a volume of Jolly Jumper was unchanged at on a volume of All-Can B rose .06 to and Cornat Industries dropped .15 to Dolly Vardon was the most active mine issue, up a cent at .58 on a volume of shares. Balfour dropped .05% to on a volume of shares, Northair was up .10 at on a volume of shares, Charta Mines rose .03 to .25 on a volume of shares, Anglo-Bomar was unchanged at .19 and Consolidated Fortune Channels rose .04 to .40. Most active oil issue was Freehold, up .11 at on a volume of shares. Vargas was down .01% at .22 on a volume of shares, Vargas Warrants dipped .02% to .04% on a volume of shares, Alaska Kenai was down .15 at on shares, August Petroleum rose .01 to .68 and Stampede was down .06 at .80. NEW YORK (AP) Bargain- hunting and some apparent hope for a relaxation in Arab oil policies carried the stock market to a moderate gain today. The noon Dow Jones average of 30 industrials was up 4.46 at 811.09, and gainers led losers by slightly less than three to two in continued slow trading on the New York Stock Exchange. Brokers said depressed prices of many issues had encouraged some buying, despite the prospect of a continually slowing economy. British Petroleum was the most active stock, unchanged at in trading that included a block. On the American Stock Exchange, the market-value index was up 0.31 at 93.00. Other issues on the active list included Sunshine Mining, down 1% at and Hecla Mining, off 2% at Precious metals stocks generally were hit with profit-taking after sharp recent gains. Currencies MONTREAL (CP) Wednesday's mid-day foreign exchange nominal selling rates-supplied by the Bank of Montreal: Australia dollar 1.475 Bermuda dollar 1.02 China renminbi .4910 France franc financial .1930 Germany mark .3650 Italy lira commercial .001540 Japan yen .003350 Mexico peso .0805 Spain peseta .0175 Switzerland franc .3100 United States dollar .9820 United Kingdom pound 2.25 U.S.S.R. ruble 1.3395 Quotations in Canadian funds. futures WINNIPEG (CP) Live beef futures close Tuesday. Mar S.50A; May 54.05B: Jly 54.60; Sep 54.10B. Monday's volume: Two contracts. rd First of three A refinery which went into pro- duction at Come-by-Chance, Nfld., last December is the first of three refineries planned for the Atlantic provinces by industrialist John M. Shaheen. Construction is expected to start this year on a second refinery at Come-by-Chance, with a third planned for Canso, N.S. The federal ministry of transport has embarked on a system to watch and guide oil tankers in Placentia Bay to guard against groundings or col- lisions that could result in oil spills. Finning Tractor to and Alcan to Texaco Canada lost IVi to McLaughlin Associates Vt to Gulf Oil Corp. to Canadian Industrial Gas V4 to and Trimac Vt to Camflo fell IVs to United Keno to and East Malartic Vt to Rio Algom was up Vz to United Canso was up to and Total Pete to Farm equipment stocks showed broad strength. Deere and Co. rose 2 to International Harvester was up at and Caterpillar Tractor gained V< to The Amex volume leader was Day Mines, down at The NYSE noon composite index of all its listed common stocks was up 0.17 at 48 22. Among Canadians on the New York exchange, Dome Mines skidded 2Vi to Mclntyre 1 to and Seagrams Alcan gained Vt to In- ternational Nickel V8 to Hudson Bay Vi to and Hiram Walker Vs to Canadian Pacific was unchanged at and MasseyFerguson at S16V4. On the American .exchange. Canadian Marconi gained to and Scurry Rainbow to Brascan was unchanged at Metals LONDON (AP) Wednesday's closing metals bid-ask in pounds sterling a metric ton; silver in pence a troy ounce: Copper-Spot 937-938; futures 925-926 futures Lead-Spot 271-272; futures 276.5-277 583-587, futures 543-545 228-229; 3 months 237- 238 Gold prices LONDON (AP) Closing gold prices in U.S dollars an ounce: London 145.00 Paris 153.67 Frankfurt Zurich Hong Kong Beirut a kilo. Gold futures WINNIPEG (CP) Gold futures. U.S. funds, Winnipeg commodity exchange: Apr 74 152.00A; Jly 74 157.60; Oct 74 164.00; Jan 75 169.00; Apr 75 176.00B. Monday's volume: 536 contracts. Dollw value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 9-20 at 97 39-100. Pound sterling was up 23-100 at 16-25. In New York, the Canadian dollar was up 53-100 at 17-25. Pound sterling was up 1% to 9-10. Prof Its up TORONTO (CP) Canada Packers Ltd. reports consolidated net profit for the 39 weeks to Dec. 29 of or a share, up from and in the corresponding period of the previous year. Net sales rose to from Profit as a percentage of sales was 1-25 compared with 1.27 in fiscal 1973. Shell Canada Appointment R.J. O'Brien The election of R. J. O'Brien as a vice president of Shell Canada, effective February 1. 1S74. is announced by John F. Bookout. President. Mr. O'Brien succeeds J. C. Threet as Vice President. Exploration and Production. Mr. Threet is moving to the U.S. where he will be nominated on March 1, 1974. to the Board of Directors of Shell Oil Company. Houston. for election as a vice president. A graduate of the University of Mich'gan with a B.Sc. degree in industrial and mechanical engineering. Mr. O'Brien joined Shell Oil Company in 1948 Between then a'nd 1970 he held increasingly responsible, positions in manufacturing. including that of General Manager. Refineries. In 1971 he moved to exploration and production as General Manager. Offshore Division. Southern Exploration and Production Region He was elected a vice president of the Company in 1S73. and was appointed Vice President. Exploration and Production. Southern Region, with headquarters in New Orleans Advt. ;