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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 7, 1973, Lethbridge, Alberta fofurdoy, July 7, 1973 THI BTHMIDOI HMAI0 Provokes businew yean Common Market free trade By HENRY GINIGER Mew York limes Service MADRID The European Common Market has just made an otter to Spain for tine establishment of a free trade zone and the offer'has pro- voked more indignation in Mittteal and business circles than has been seen in mandatoto Mgotiato, given to Che Common Mattel's Commiseion in Brussels by the Council of Ministers, calls for the elimination by 1877 of all trade restrictioni on industrial goods, in which common mar- ket nations have a dear su- periority, white giving few con- cessions to agricultural goods in which Spain is more com- petitive.' The aim of both rides U to reach an agreement by the end this year, but the common market'! position has caused pessimism here. "Absolutely Alberto Ullastres, the Spanish ambassador to the common market said. "Hie agricultural offer is skimpy and the indus- trial proposal unbearable." Spanish Chambers of Com- merce in western Europe de- clare that "the community is not aware of the real possibili- ties of Spanish Luis Apostua, an editor and com- mentator at the Roman Catho- lic Daily, YA, declared "the common market is and noted that Spain "is furth- er away than ever from the European nily." Economic Commu- The common market pro- posals and within Spain underscore- some recent incidents have helped to of the eco- nomic and political frustrations this country has been having hi its desire to integrate itself into the community as a full- fledged member. The common market coun- tries do not find Spain's Good investment Brokerage firm suggests Brunswick stock TORONTO (CP) The shares of major Canadian zinc producers should benefit from recent price increases and from the high demand for metals generally, analysts say. In a recent review of zinc producers, Draper Dobie and Co. recommends Brunswick Mining and Smelting Corp. Ltd. The investment firm says it is revising upwards its earn- ings estimates for Brunswick because of the higher zinc prices. Lead and copper prices also are stronger. "In view of the improved outlook for Brunswick, we are increasing our suggested buy- Announcement JERRY NAGEL NU-MODE REALTY me pleased to announce (he ap- pointment of Jerry Naael at sales consultant for their firm. Jerry comes to Nu-Mode Really with an extensive knowledge of real estate. If you thinking of buying or selling property, call Jerry 92B-8011 or 327-0287. ing limit to a share. Brunswick is a potential in- come stock we are looking for a dividend of about 50 cents a share commencing in 1975. Brunswick will also ap- peal to investors looking for a situation with considerable appreciation potential in the medium term." Brunswick closed Wednes- day at Draper Dcbie rates Conv inco as a buy, based on up- dated metal price estimates, "hi view of the very low mul- tiples existing on earnings and cash flow anticipated in 1973 and 1974." Draper Dobie estimates Cominco share prices in the high range this year and hi excess of hi 1974. The stock closed Wednesday at Testing of one of Pine Point Mines' underground deposits with a continuing mining ma- chine has "proved very en- couraging." "Should underground min- ing with tins machine prove Bond prices Supplied by Doherty McCualg limited GOVERNMENT OP CANADA SONDS Oct. 1 '75 97.00 8 5V4% 3 July 1, 102.00 103.00 Sept. 1, "83 TIM 78.50 Sept 1, '92 79.00 81.00 Sept. 15 Perp 38.00 40.00 Aprfl 1, T5 98-50 99.50 July 1, '75 100.00 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS '90 104.00 106.00 '88 89.00 91.00 '94 106.00 108.00 '90 106.00 74 99.0010100 'ffi 82.00 94.00 '74 98.00 100.00 B.C. Tel Bell Tel BeU Tel CP Ltd CP Sec OdnUtil CWNG GuMOQ Alberta Ontario 7 Ont Byd 9 New Br Nfld 8 N. S. Quebec Alberta '90 105.00 107.00 Man Byd ,8 '91 96.00 97.00 Sask '90 104.00 106.00 Nfld '90108.00109.00 ACT 8 99.00101.00 Man Tel 8 '74 99.00 101.00 INDUSTRIAL! G T '90 104.00 106.00 Akan '91104.00 106.00 B.C. For '92106.00 108.00 '90 103.00 105.00 "79 104.00 106.00 '93 105.00 107.00 '89 100.00 102.00 '90 103.00 105.00 '91105.00 106.00 '90 106.00 107.00 '90 100.00 102.09 Inter P P '90 104.00 106.00 Maasey "80 106.00 108.00 Noranda VA.% 104.00 106.00 Int Nickel '90 104.00 106.00 N and C G VA.% '91104.00 106.00 a of Cdn 9V4% '90 104.00 106.00 Tr Cdn P '90 106.00 108.00 Tr Cdn P 10% '90 108.00 110.00 WC Tr '93 97.75 CONVERTIBLES Aba G T '90 127.00 137.00 Cons Gas '89 82.00 85.00 Dynasty 7 '82 95.00 105.00 Actiaads '88 99.00 101.00 Scar Bam 85.00 88.00 WC Tr C '88 74.00 77.00 WC Tr '91 97.00 90.00 At Wardley we help companies grow. Our versatile facilities encompass industrial financing for heavy mobile equipment and plant machinery; bridging loans for commercial construction; completion mortgages; leasing; marine mortgages; provision of working capital and specialized financial services for Industry. talk to Wardley UJ Wardley Canada Ltd. HEAD OFFICE too West fender Street, Vancouver 1, B.C Telephone ALBERTA REGIONAL OFFICE 204 -12212 Jasper Avenue, Edmonton, Ada. 482-5511 ALBERTA BRANCH OFFICES Street S.W., Calgary, Airs. 2634ZW U.S. banks interest-rate ceiling hiked WASHINGTON (AP) The United States government has increased the interest-rate cefl- ing that banks and savings and loan associations can legally pay consumers on their savings accounts! The federal Beserve Board raised to five per cent from 4 the maximum interest that it member banks can pay on pas- sbook savings accounts. The Federal Home Loan Bank Board increased to per cent from five the