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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 28, 1975, Lethbridge, Alberta Tuesday, January 28, THE LETHBRIDGE HERALP 9 The human touch Although automated welding machines handle much more of the welding chores at the Tprrance Ave. Ford asembly plant in Chicago, constructing a car still takes individual labor. This plant produces only Ford Elites, and lack of demand for new autos forces heavy layoffs. 1 oronto investment 6Small stock purchases' in By THE CANADIAN has be at about the same principally from After advising clients for almost a year to reduce common stock holdings, a Toronto investment service now is recommending "small slock late last January that clients reduce their common stock holdings and increase liquid holdings by purchasing bank deposit receipts and other slower in the first half of 1975 than in the second half of 1974, "but a gradual upturn could make its appearance in the final six months of the high level of capital spending." Babson's says the unemployment rate is unlikely to be below six per cent (AP) -Wage settlements in the United States last year almost doubled those in 1973 but nevertheless did not keep cost of living clauses. Last year inflation increased 12.2 per cent and the purchasing power of the average worker's pav cheaue Babson's Reports says in a recent Canadian Investment Letter that its stance at the current low level of stock prices and in the face of an uncertain economic outlook "is one of small purchases of high quality stocks which have weathered the decline well and a generally cautious preparation for gradual reentry into the market." The firm notes that the history of the stock market shows that broad upswings and downturns in prices tend to occur ahead of the periods of growth and weakness in the present we recommend that some of these funds be used to make small purchases of first-line companies which have strong fundamental value and recovery potential. ".We realize that this advice means giving up high rates of interest now1 but we expect this temporary reduction of income will be more than offset through substantial capital gains as the market recovers." Stocks which the service considers attractive are Canadian Pacific Investments, Imperial Oil, Stelco and Walker-Gooderham real gross national product is expected to grow by about two or three per cent this year and the rate of inflation will continue high with some slackening possible later in the year. The housing sector is expected to be weak, Babson's says. The level of consumer spending should .show some improvement under the influence of tax cuts and slightly lower interest rates, but any gains from the 1974 levels are expected to be small. Automobile sales 'are expected to decline while negotiations will be bitter and a rash of strikes is almost certain because of the high number of major contracts up for renegotiation and the demand by workers for higher wages to make up for the loss of buying power as the rate of inflation outstripped the increases built into the old contracts." High costs and slower demand will have an adverse effect on corporate profits. "Since late 1973, the stock market has been undergoing one of its cyclical downturns as it anticipated the slowdown in economic activity which inflation, the labor declined 5.4 per cent over department reported today. 1974, the government reported The number of strikes earlier this week. 900 was described as the The strikes last year highest ever recorded in a were more than 500 above year by the department. 1973. The record number The department said wage previously was in 1970 increases negotiated in major contracts during 1974 averaged 9.8 per cent for the first COASTLINE LENGTHY part of 'the contract and 7.3 Nova Scotia has a coastline per cent annually over the life of miles, of the agreement. This com- with 5.8 and 5.1 per cent respectively in 1973. The figures did not include increases under cost of living escalator clauses which now cover about 5.3 SUNGLASSES to choose from AVAILABLE IN YOUR swing, investors must on will continue being experienced. 51 per cent of prepared to buy at Babson's strength remains uniiAl PRISCRIPT1ON CO.V 1 activity is economy is expected the bad yams averaged 11.7 per cent last year in Antique dealers find new market TORONTO (CP) Old, cracked doors, used bricks, dismantled floors and even kitchen sinks are providing a booming new market for Canada's antique dealers. Hunters of nostalgia began scouring junk yards, barns and old, rundown buildings about five years ago when the supply of authentic pioneer furniture petered. Stripped of dirt and old paint, the salvaged items find their way through a network of specialized dealers who refurbish them for resale to 'builders and architects..The redone junk items become or- nate decorations in modern- styled houses, apartments; summer homes and cottages. Builders here and in many other Canadian cities fre- quently used antique scraps-such as old, stained 'glass in satisfy demands for touches of craftsmanship and in- dividuality in homes. But the demand kept grow- ing until, as one builder ex- plained, factory-built, hollow slab doors were being unhing- ed and replaced with patched and refinished originals. The door may have come from a farm, the white porce- lain knob from a city house and the cast hinges from a church, but "nobody seems to care if it looks authentic." Toronto dealer Samir Albert Mirshak said he paid recently for a front-door assembly from "somebody's folly." He expects to be able to sell it refinished for His store has a waiting list of more than 100 customers seeking to buy items ranging from complete porch assemblies to carved stone gargoyles and individual sup- porting brackets. Among the refinished ob- jects marked "sold" in his store are the framework of a circular window from a Quebec church; priced at and a torigueand-groove cable from a 19th century farmhouse. "They're lined up out there waiting foranything made by Mr. Mirshak said. "They leave their telephone numbers but I'm so busy re- finishing in the basement, I don't even call them back." Antique specialists say that until a year ago only a small group of trained designers and rich hobbyists were interested in architectural details. Now, the interest in parts salvaging 'has extended to collection of tinted soft drink bottles, used pinball machines, glass insulators and battery cases all so called "pop objects." Children's wear firms hurt by birth rate drop TORONTO (CP) The de- cline in Canada's birth rate has put the country's children's wear industry in jeopardy, says Norman Latsky of Montreal, president of the Children's Apparel Manufacturers' Association. "From a high of 3.8 children per family in, the recent past, the average Canadian family today consists of only 2.1 chil- said Mr. Latsky in a re- cent address here. "Obviously, our industry cannot, under the circum- stances, look forward to any substantial growth. But that is only one of our problems." He said inflation is the ma- jor concern facing children's wear manufacturers today. "The rapid spiralling costs will affect our industry. There is just so much the average consumer will pay for a child's outfit; fora child's coat or snowsait which will be outgrown within a year is ex- orbitant." He said that, the average family may be forced to be more selective in their buying habits. They now will buy what is necessary and prac- tical. "Families may also go back to the principle of hand-me- downs, and unfortunately become more involved in the purchasing of cheaper products. Imports have become an ever constant threat, more so since our domestic economy is in such an inflationary spiral." Oil, gas royalties increase EDMONTON (CP) Alberta government income from oil, petroleum and natural gas royalties rose to almost million daring the last three months of 1974 com- pared with about million during the same period of 1973. Statistics released by the mines and minerals depart- ment showed oil royalties from the Oct. 1 to Dec. increased to almost million from million dur- ing the same period in 1973. Petroleum royalties jumped last year during the three month period by million to million. Natural gas and gas products royalties increased to million in the last three months of 1974 from million in the last quarter of 1973. Total revenue for the last quarter of 1974 from the sale of Crown reserves, bonuses and rentals was almost million compared with million during the same period in 1973. L YOU CAN STILL BUY ATOYOTA FOR LESS THAN VEGA OR PINTO REBATES AND ALL! Despite all the nice little rebates Vega and Pinto use to get you to buy them, Toyota Corolla still costs less than'either one. And look at the extras you get on Toyota when comparing lowest priced models. We thought you should have the facts. Straight from the shoulder. So here they are with no fancy talk---------------------------- from us and no rebates from us. Suggested Basic Retail Price of Lowest Priced Models MODEL FEATURES: 4-speed full synchromesh transmission Power assisted front disc brakes Electric rear window defroster Fully reclining front bucket seats Rear quarter flipper windows Radial ply tires Variable ratio steering 3-speed heavy duty heater Deluxe bumper guards (front and rear) Heavy duty battery Rear seat heater ducts Tool up paint COROLLA 1200 (2 dr Sedan) STD STD STD STD STD STD STD STD STD STD STD STD VEGA (2 dr Coupe) Not Available Not Available Not Available Not Available Not Available Total Suggested Retail Price: LESS REBATE: -200.00 PINTO (2 dr Sedan) STD Not Available Not Available STD Not Available Not Available -200.00 TOYOTA PRICE ADVANTAGE IS OVER VEGA, OVER PINTO. Don t forget you still pay finance charges and provincial sales taxes if applicable on the full price of a Vega or Pinto. "HEY TOYOTA. YOUTH TERRIFIC Does no, destination, and delivery charges, license and provincial taxes because ,hese factors vary Irom region !0 region. (Toyola FOB points. Halifax. Montreal. Toronto. Vancouver.) ;