Lethbridge Herald, The (Newspaper) - February 17, 1975, Lethbridge, Alberta
Copper mines may be closed VANCOUVER "One or two major B.C. mines" each injecting million to million into the B.C. economy annually may close if market conditions do not improve soon, says a Van- couver mining company ex- ecutive. James L. McPherson, vice president of administration and finance for Placer Development Ltd., blamed the combined effect of lower revenue, lower output and rapidly escalating costs for placing copper producers in "a serious financial con- dition." "The large multi national diversified mining companies will survive this slump but the long term impact of this market condition with capital being drained away by ex- cessive taxes and operating losses will leave the mining industry much' weaker and less able to respond to the next cyclical Mr. MePherson told an economic forum sponsored by the Employers' Council of British Columbia. There is a glut of copper on the market, he said, and the price has dropped from its peak of a pound last- April to 54 cents at present. Copper is the dominant mineral in .B.C., he said, providing over 50 per cent of the billion annual mineral production. B.C. copper producers are even more concerned about the long term prospects, Mr. McPherson continued. If no changes are made to tax legislation and no incentives introduced, there is little prospect of production reviving. "The decline in mining ac- tivity is therefore expected to be a long term provosition despite any recovery in the general level of national inter- national economic activity." There is an excellent market for B.C. coal, he said, and the. price of molybdenum should remain steady. There may be some weakness in molybdenum sales, but since it is a byproduct of copper mines which are cutting back or shutting down, the available supply will decrease, thus preventing price erosion, he said. Supply of lead and zinc will probably stay in line with, demand, he said. Monday, February 17, 1975 THE LETHBRIDQE HERALD 23 Grasshopper problem across west foreseen SASKATOON (CP) A troublesome grasshopper year on the prairies is fore- seen in the annual forecast of federal agriculture depart- ment researchers. Although the total- area infested has declined from 1974, the density of infestation shows substantial increases, particularly in Saskatchewan. "It is clear that grasshoppers will cause problems in prairie crop production in says the survey report compiled by the research station in Saskatoon. "The severity of the problems will increase con- siderably if conditions favorable to the grasshoppers prevail over' much of the .region." From the hoppers' point of view, the most favorable con- ditions would be an early spr- ing followed by a hot, dry summer. The over-all prairie outlook is for square miles of varying degrees of infestation compared with miles last year. Severe infestation, however, will occur in square miles compared with about miles last year. Of this total, square miles lie in Saskatchewan which has an additional square miles in the "very severe" category. There are severe infestations in square miles in Alberta compared with square miles last year, and in 243 square miles of Manitoba compared with 243 miles. The main infested area of Saskatchewan extends south of a line from Macklin at the Alberta border through Saskatoon, Watrous, Fort Qu'Appelle to Gainsborough to the Manitoba border. Heaviest infestations occur within an area bounded by Outlook, Cupar, Weyburn, Eastend and Leader. In Manitoba the Red River valley, which contains the largest infestation, shows :increased intensity over last year. The second largest area of infestation lies between Oak Lake and Souris and ex- tends southwest to, the Saskatchewan border. In Alberta, both the area and density of infestation show increases. The area south of a line running from the Saskatchewan border through Wainwright, Stettler and Olds is mostly infested. The heaviest infestations occur within an area bounded by Carmangay, Seven Persons south to the U.S. border and west to Cardston. Rebate program New candy extended bar to be introduced TORONTO A con- centrated advertising cam- paign will introduce Alberta residents to the first new candy bar idea in 20 years, ac- cording to Canada's largest candypbar manufacturer, William Neilson Limited will introduce its cinnamon Danish bar in February to Alberta through extensive advertising campaigns. The introduction of the Danish bar follows what the company terms "an extreme- ly successful test-market." "The acceptance of the Danish in the test market has exceeded our expectations and we feel it is important at this time to introduce the product in Donald H. Lovell, Vice President, Marketing, says. He describes .the new Danish bar as "having no chocolate, no nuts, and no syrup. It has a connamon fill- ed wafer, special caramel and is coated with a rich, decorative cream coloured icing. "The see through package displays the bar in full view a 'first', we believe, for the in- dustry in this country. The Danish is designed for the between meals snack market. Previous product in- troductions have been based solely on the traditional, chocolate coated WINDSOR, Qnt. (CP) A spokesman for Chrysler Canada Ltd. said Sunday the firm will 'extend its cash- rebate program to Feb. 28. He said the program, which was to have ended Saturday, will be expanded to include Dodge vans and Sportsman wagons. The cash rebate applies to those who buy or lease new Plymouth Valiant or Dodge Dart, Dodge Pickup, vans and wagons. The firm initiated the rebate program in mid- January. Wood plant purchased PRINCE ALBERT (CP) The provincial government has purchased the Northern Wood Preservers Ltd. plant here, Ted Bowerman, chairman of Saskatchewan Forests Products Corp., said Friday. He said the plant has operated almost exclusively on the basis of a Saskatchewan forests contract in the last two years. The only major immediate change in the plant will be an increase in staff to 60 from 46 to accommodate a second shift for increased production, Mr. Bowerman said. No sales price was announc- ed for the plant, formerly owned by Abitibi Paper Co., one of the world's largest newsprint producers. WHO WON THE WEST The second quarter millionaire Winner of First Prize Jo-Anne M. Russ FORT ERIE, ONTARIO Winner of Second Prize Winner of Third Prize Robert C. Geddes RICHMOND, B.C. LeeWinterton THE PAS, MANITOBA Winner of Elie Gareau FERNIE.B.C. Winner of Ralph Spelrem BASHAW, ALBERTA Winner of Irene Thomson VANCOUVER, B.C. Winner of Maurice Duquette ST. BARBE, P.O. 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