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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 18, 1975, Lethbridge, Alberta 8 THE LETHBRIDGE HERALD Tuesday, February 18, 1975 the most informative, up-to-date only costs 151 Have you ever considered your daily news- paper as a book? In essence, that's just what it is. A book that sits on top of the best seller charts each day every day of the year. Take an average edition of The Lethbridge Herald, for example, In it, you'll find more than words words of informative news, up-to- date information and plenty of interesting reading. words! That's the equivalent of a 182- page hard-bound book, a 182-page book that's printed every day, with different stories, different information, strictly non-fiction in nature. Reading that may bring a tear to your eye or a smile to your face. Reading that may give you knowledge on a subject you've never thought of before. Reading that's fresh, timely and well-written. AND there's more. In addition to the more than words of information and news copy, there's also the space allotted to retail and classified advertising, comics, news photos and syndicated features, all providing either information or enter- tainment. Take just a minute and think about this particular edition of the Lethbridge Herald. Consider the fact that more than 130 dedicated people have extended their energies.to gather all these words, compose them in a manner that appeals to you, print them and deliver, all within a matter of hours. No other best seller can match this kind of distribution efficiency. Oh, there's one more fact we don't want to overlook. You're porbably used to paying or more for other books on the best seller list. Not so with The Lethbridge Herald. 154: that's all it costs. And we deliver it right to your doorstep! Ask that of any other best-seller! The Lethbridge Herald on the best-seller list today every day! Chrysler losses largest in history DETROIT (AP) Chrysler Corp. lost million in the fourth quarter of 1974, giving it a net loss of million for the year. In their year-end report Monday, the firm blamed the gasoline shortages of the ear- ly part of the year, inflation and later recession for the poor performance. The loss was the largest for any quarter or year in Chrys- ler's history. Previous records were million in 1958, including a loss in the third quarter. Chrysler is expected to be the only car maker reporting a loss for 1974. General Motors earned million; Ford has yet to report and American Motors finished its fiscal year ended Oct. 30 with profits of million. Chrysler dollar sales in 1974" were billion, down from billion a year earlier. To- tal vehicle sales slumped to 2.8 million from the record 3.5 million in 1973. Sales in the fourth quarter were billion, down from billion in the 1973 period. The year's loss marked a sharp reversal from 1973, when Chrysler earned million, including million in the final period. Teetering on the brink of fi- nancial ruin and apparently seeing continued bad times in early 1975, Chrysler said it has made special credit arrange- ments with nearly 200 banks in the United States. This includes a revolving credit arrangement with more than 80 major banks running through March, 1978, and another million in credit with 115 other banks, Chrysler said. The firm said its financing subsidiary, Chrysler Finan- cial Corp., also has entered into a stand-by credit arrangement with a group of 19 major U.S. banks. Companies reap benefits from coal, uranium By The CANADIAN PRESS Harry Katz of Wills, Bickle and Co. Ltd. says in a recent newsletter that many major Canadian companies are reap- ing substantial benefits from a renewed interest in coal and uranium. Among these, Mclntyre Mines Ltd. and Kaiser Re- sources Ltd. are involved in coal production while Denison Mines Ltd. and Rio Algom Mines Ltd. are at the centre of the uranium revival. Other companies, such as Shell Canada Ltd., have huge coal reserves in the pre-pro- duction stage. Petroleum shortages have created a new interest in these energy resources. Mr. Katz says that attention should also be directed at companies benefiting from other aspects of the coal and uranium boom. For example, Hawker Siddeley Canada Ltd. and Dominion Foundries and Steel Ltd. are working at full capacity to produce rail cars used in transporting coal. Production from the Kaiser Resources mine at Sparwood, B.C., became profitable in 1973, as a result of higher coal prices and the solving of ma- jor technical problems. The stock's exceptional strength was first evident in 1973, when it steadfastly re- sisted the general market de- cline. "The company's warrants are attractive investment ve- hicles, having an exercise price of until Dec.31, Mr. Katz said. Mclntyre Mines profits have greatly increased as a result of higher coal prices. Production in 1975 is expected to be two million long tons 'from the mine near Smoky River, Alta. Mclntyre's total reserves probably exceed one billion tons of mostly high-quality coal. Denison Mines' uranium orebody at Elliot Lake, Ont., is considered to be one of the largest in the world with re- serves estimated at 300 mil- lion pounds of uranium oxide. Denison also has large coal reserves in Babcock, B.C., where it is conducting feasi- bility studies. Rio Algom's Elliot Lake mine produced an estimated five million pounds of ura- nium oxide in 1973, with fur- ther production increases planned for the late 1970s. The company is an impor- tant specialty steel producer through its Atlas Steels divi- sion. Finally, Shell Canada is in- cluded .because of its little- known but huge coal reserves in the Fox River area of northwestern Alberta. Re- serves are estimated at more than three billion tons. Feasibility studies are cur- rently in progress with a view to using some of the coal in Alberta's oil sands project. In addition, the coal may be transported east via a slurry pipeline. Hereford cattle exports set record mark in '74 CALGARY (CP) The Canadian Hereford Associa- tion has reported a record ex- port year for Canadian hereford cattle in 1974, with head going to 12 countries. The United States continued as the largest purchaser, tak- ing head; followed by Czechoslovakia, head; and Japan, 841 head. Other countries which bought Canadian herefords last year were Mexico, Brazil, Argentina, South Africa, Australia, New Zealand, China, the United Kingdom and Ireland. The prairie provinces con- tinued to dominate the hereford export market, with Alberta selling head, Saskatchewan head, and Manitoba 643 head. "We are proud that Cana- dian herefords continue to provide seedstock for many of the leading beef producing nations of the the Calgary based association said in a statement. "The Canadian Hereford Association exports more hereford seedstock to other countries than any other hereford association in the world." Goodyear for CN rail VANCOUVER Armstrong, vice president of Canadian National Railway's mountain region, has predicted increased growth in all the company's operations during 1975. In an annual review issued this week, Mr. Armstrong says the company delivered 6.1 million tons of forest products and 3.2 million tons of western grain to British Columbia ports during 1974. Mr. Armstrong said the company introduced two way solid trains in regular service, carrying potash to Vancouver and returning to Alberta .with phosphate rock for two fer- tilizer plants. Rail maintenance projects included 40 miles of heavier track laid west of Jasper on the trans continental main line and 44 miles of improved rail between McBride and Prince George on the northern line. EXPAND PARCEL SERVICE TORONTO (CP) Ex- pedair, Air Canada's special service for small parcel delivery, will be expanded Feb. 3 to include all of the air- line's North American in Canada and eight in the United States, it was announced Thursday. The. Expedair service guarantees the shipment of limited-weight parcels on specific flights designated by the customer. ;