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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 20, 1974, Lethbridge, Alberta Chemical investment caution suggested By WENDY ROSEN The Canadian Press Canadian Business Service of Toronto says that although the peak years for chemical stocks in terms of share prices and earnings are yet to Consortium discussion TORONTO Union Carbide Canada Ltd. of Toronto had some dis- with a consortium led by Alberta Gas Trunk Line Co. Ltd. of Calgary that hopes to build a petrochemical plant in J.H. Union Carbide vice-president said this week Mr. Field said in an inter- view that Union Carbide not one of the active in the so-called Alpec project. Union Carbide told the Al- berta Energy Resources Con- servation Board last month that it is prepared to commit itself to building plants in Alberta to consume 400 million pounds of ethylene a year to make ethylene oxide and ethylene glycol. Mr. Field said that a Union Carbide commitment in Alberta reduce Alberta Premier Peter Lougheed's opposition to the Petrosar Ltd. petrochemical project at Sarnia. Union Carbide has a 20-per- cent interest in he said. Any part of 5 acres located at 2nd Ave. and 9th Street N. Lethbridge. TOLLESTRUP CONSTRUCTION CO. Telephone 328-8196 no new commitments should be made at present. The investment service says in a recent market letter that could not be better for the chemical but that it expects them to get worse in the latter half of this decade as large scale expan- sion plans result in a surplus of production capacity. The current buoyant market is the flip side of the cyclical coin which plagued the in- dustry in the late. 1960s when chemical concerns were faced with a relatively small domestic heavy com- petition from low priced im- ports and an oversupply in world chemical the firm says. Irregular profits were evi- dent until the middle of 1971 when the current earnings up- surge began. Since profits for the group as a whole have almost tripled. This Canadian Business Service has gathered momentum in the past year and a booming economy has strained the in- dustry's capacity to a point where full scale production is inadequate to fill the strong and apparently growing demand. The industry has responded by planning for the expansion of capacity and plans so far formulated indicate that the Neonex selling Red Deer plant VANCOUVER James A. president and chief executive officer of Neonex International an- nounced this week that the company has entered into a preliminary agreement with B.H. M. Sladden of Calgary and W. N. McCartney of Vic- to sell its recreational vehicle business based in Red Deer now operating under the trade style of HUSKY OIL OPERATIONS LTD. We have an excellent opportunity for an aggressive individual to lease a very successful HUSKY HOUSE RESTAURANT m Cran- brook. B.C. Capital required approx Please sent details of experience and financial background to HUSKY OIL OPERATIONS LTD. 815 6th Street S. W. Alberta Mr. G. Borrows Ooot and Rustler. He said in a prepared state- ment the transaction includes cash and short-term notes and is subject to the signing of a satisfactory definitive agreement. Price 01 the transaction was not dis- closed. Neonex said it will continue to participate in the recreational vehicle industry in Canada with its Boler units and in the United with its Holidaire and Dreamer lines maufactured in Oregon and Califaornia. DAVID B. CARPENTER Chartered Accountant announces the opening of an office for the practice of his profession at Ste. 2-lower level-Professional Bldg. 740-4th Avenue South Phone 329-0343 n A Match For Any Process Air Cundiuoninj lidkrritt Soil Drink'. Poultry 1 I. li.nki Pclrolcum Refining kc General M.inuf.K.tvi'i MUI.HJ' j Tioirn f rcih Tiili foocti Quick F FI ni FRICK industrial refrigeration equipment SUPPLY INSTALLATION MAINTENANCE SERVICE Schwartz Agencies Ltd. M.B. Barton The Action Agency has added a valuable member to its team Mel has sold equipment and operated in business for many years in Southern and he gets results Call or the other Action Agency team to achieve successful real estate results at our new telephone 329-3331. Diy L.ilnif.iK-in.- Diy Inni-n Cm Call Phone or Write for Information REPRESENTATIVES FOR WESTERN CANADA PHONE 255-81411 flEGGlN INDUSTRIES LIMITED 6520 MACLEOD ALTA. OVER 40 YEARS OF DEPENDABLE SERVICE ANNOUNCEMENT GARRY CLARKE Block Bros. Realty is pleased to announce that Garry Clarke is now a salesman them. Garry formerly sold for Coaldale Insurance Real Estate and has a good background in the real estate industry. Garry wishes to extend an invitation to all his friends and customers to drop into the ollice or con- tact him at home. BLOCK FSBROS. 1240-3rd Aw. S. industry sees an opportunity for the construction of global scale plants. Canadian Business Service says this is intriguing since the four major Canadian producers are subsidiaries of foreign parents. Du Pont and Union Carbide are controlled by United States firms while Canadian In- dustries is a British sub- sidiary. The parent companies are all international in scope and in the past have shown no interest in inviting competi- tion on a global scale from their Canadian subsidiaries. the firm should not overlook the fact that the chemical industry is cyclical. The trough of the cy- cle is past but the timing of the peak remains to be deter- mined. In the chemicals and other cyclical industries have swung back and forth between shortage and surplus with supply and demand in balance for only relatively short periods. The firm says there is no reason to assume the in- dustry has broken out of this pattern. Investors with com- mitments in the industry should hold them for now but consider selling on any broad- ly based advance in stock prices later this year. 169 .Consumer. Price Index Steel price effect queried Index jumps ahead A 1.3 per cent jump in the consumer price index rose the index up to 166.7 in June from 164.6 in Statistics Canada reported this week. The-June index was 11.4 per cent higher than a year ago and the largest increase in 23 years. Winnipeg adds feed grain list TORONTO A suggestion by Algoma Steel Corp. Ltd. that its recent price increases would have no significant effect on the living costs of Canadians was questioned this week by the head of the federal steel profits inquiry. Mr. Justice Willard Estey of the Ontario Court of Appeals there anything more pervasive to the economy than the price of steel somehow evaporate as it goes on down the production Algoma president D. S. Hoi- brook said the price does not but Algoma has in- creased prices only on heavy products associated with the construction industry. Prices on used in the manufacture of consumer such as tin cans and au- have not been raised. PRICES INCREASED Between mid-May and mid- June this Algoma in- troduced price increases rang- ing between eight and 19.7 per cent on about 46 per cent of its primary products. Algoma was called before the steel-profits inquiry to ex- plain the increases. The in- quiry is also looking at recent increases by the Steel Com- pany of Canada Ltd. to determine whether there has been profiteering within the Canadian steel industry. Mr. Justice Estey. in a series of asked whether tin and aerosol cans and cranes and riveting machines are not all made of steel. H. H. Smith Ltd. Customs Broker 328-8141 COUTTS Home Office Phone 344-3822 WINNIPEG The Winnipeg Commodity Ex- change plans to expand trading by adding Canadian feed grains effective July exchange president Ronald S. Ennis has an- nounced. The exchange's board of governors has authorized trading in feed oats and barley for Thunder Bay delivery in October and and May 1975. The move follows a federal government and announce- ment in June permitting domestic grains for animal feed used in Canada to be bought and sold on the open market. The new federal policy allows the movement of feed grain without interprovincial restriction at prices deter- mined by supply and demand. Mr. Ennis said feed grain futures will offer domestic feed mills and feed lot operators a hedge or protection against future price fluctuations. Trading will be in bushel board lots and job lots Daily price fluctuations are limited to 10 cents a bushel on feed wheat and barley and eight cents on oats. For feed contract grade is No. 3 Canada western red spring with delivery privilege of No. 3 Canada utili- ty wheat at 20 cents a bushel discount. SCHWARTZ AGENCIES LTD. ROYCLELAND April ROYCLELAND May M.L.S. Salesman-Of-The-Month you don't have to adjust your glasses there are three pictures of Roy That's like a hat trick for our new Lethbridge Broncos hockey and a Schwartz representative has won this award five times in the first six months of We are professional Realtors and our action produces results. Call Roy or any of the Action Agency team to score your real estate at 329-3331. THE Sunday Crossword the New York Herald Tribune Crossword I Edited by Robert B. Gillcspic Crossword NATURAL ANTAGONISTS By Sophie Fierman ACROSS 1 Lowest named Ralph' 6 Observes Lent 11 Thin pancake 16 Great success 21 Where matador meets bull 22 Bone pref 23 Fortification 24 Aunt Ger 25 Blackboard jungle foes 28 Resentment 29 Lab heater 30 Approaches 31 Vinegar form 32 Made phone call 33 Understand 34 Confess 35 Seed coverings 36 Peddlers 37 in one's honnet 72 75 77 78 81 82 38 Colonnade 39 Silly ones 40 Parts of triangles 46 Beer ingredient 50 Raillery 51 Fused metals 52 French man 53 Norse sea god 85 54 Ruin 86 55 He's a Lamb 87 56 Bomb shelters 88 57 Sneaky one 89 58 Opponents at 90 the open palm 63 Harass a non 91 union worker 64 They Ger 65 Loan 66 Overact 67 Buy stocks 68 Loses interest 69 Bro e g 70 Diqs ore 93 95 95 99 101 102 Distant Judge's mallet Intelligence Bathing resort Warehouses Suppliers and demanders Potion jar Nurses Lure Son of Seth dreadful Cereal grass of the Orient Stone marker Play charades Coaster One fixes flats for other' Colosseum and others Wet bird Eire 103 Showed mad rapture 106 Tatar lancers var 108 Is to word 110 Commercial abbr. 113 Lofted ball 114 Entrap 115 Clara or Monica 116 Begone 117 Protozoan var 118 Bang-you're dead foes 121 Urns 122 Bread spreads 123 Squelch 124 Combine 125 Mr. 'Iggms. dialectically speaking 126 Spanish mother 127 Together 128 Sandy hills DOWN 1 Turner and Archibald Mountain ridge 3 Silas Revolutionary leader 4 Emperor of Peru 5 Word of cheer 6 Supervisors 7 Palm tree 8 Institute 9 Decades 10 Earth 11 Do or dif 12 Fight off 13 Blue pencils 14 Alto 15 Letters 16 Blemishes 17 Industrial wuh107D 18 Be artfully sly 19 Guide 20 Cattle 26 Make precious 27 Humorous imitation 32 Takes action 34 Cleric 35 cost Iree 36 Ponds 37 First lady MP m Commons 38 Side dish 39 Aladdin's friend 40 Viet site 41 Not fitting 42 Thalers 4.3 Move furtively 44 Path in space 45 Enthusiasm 47 Marble 48 Favors 49 E C Bentley s detective 50 No ands or 53 Slippery 55 And others 56 Coral islands 59 In Anc Ath ens. citizen ship rights 60 Footwear 61 Jitters 62 Eastern noble 63 Washing machine cycle 68 Crime antagonists 70 Site of Mo hammed'stob 71 Business abbr 72 Ribbed fabrics var 73 Miss Barrymore 74 the Diagramless 19 X 19. by Lucile H. Bowers ACROSS I Fuss 4 Neck leathers 7 Flinch or begin 9 Catspsws 11 In harmony 13 Like Coney Is on July 4 15 Airport abhr 16 Stephen Vincent 18 College orqs 19 DaviSOr Stan'ey 21 short 23 Races and hardhats 25 Paul of the movies 26 Agrees 29 English aria 30 Holy Roman etal 33 34 Associates of RNs 35 Tops in their fields 36 Barnyard noses 39 Tricked si 41 Scopes and Dreyfus 43 Skinner 44 Cote sound 45 been 46 Tendons 49 Surrounded by 53 Jack and his wife 54 Soul maiden of mythology 56 New sprout 57 It's poetic 60 Merits 62 Fainter 64 Bank abbr 65 for one 67 Cut with an axe 68 Bar accessories 71 Alto 72 Stately tree' 73 Figured out 75 Moneybag 78 Kind 79 Peon 81 Law for botanists 83 Appointed 75 Dm 76 Turkish town 77 Tangle 78 Spanish sir 79 Haughty 80 Aide abbr 82 Lima or jelly 84 Stupid ones 85 Legal thing 86 Pale DOWN 1 Lawyer abbr 2 Besmear 3 River of N W France 4 Car to British 5 Sound of mild apology 6 That's there is 7 Saunters 8 Minds 9 Torment 10 Guaranteed 83 Linger 84 Divulge 86 General direction 91 TV Art 92 Harding and Sothern 11 Wall hanging 12 Sandra or Tweedle 13 Beginning for fix or fab 14 Shore sights 15 Play part 17 Mine car 18 Conifers 20 Greek letters math symbols 22 Fix in place 24 Auction word 93 Sole English pope 94 Muse 96 Bound even 97 Yellowish ptnk flower 98 Clearing 25 Forty-niner 27 out' 28 Small case 31 Indefinite number 32 Corn bread 37 to Toscanini 38 Slackens 39 Surgeon's tool 40 Sahara locale 42 Call for help 100 Apprehensive 107 Meany domain 114 Alone Lai 103 Topsy or Uncle Tom 104 Eternal feminine 105 Overweight 106 Sinqlf 43 Gov t agency 46 Tool for Player 47 See 46D 48 Black hero Turner 50 Cleaner and 51 Strike breaker 52 Garden pest 53 Barnum or Ringling 108 Tended toward 115 Take cruise 109 the Other 116 Without Lai hand- 118 With pref 110- Daisy 119 111 Carlo 120 Faulty Comes in last f'rec'ackf 55 Necessarily involves 56 Tiptop si 57 Knotted 58 Hostel b9 Dance 61 Vends 62 didn t say yes' 63 Did a round up job 65 as a beet 66 Seoul soldier 69 Word with cent 70 Odd 73 Teapot or Capitol 74 Object of 25 D 76 Kind of job 77 Norse poem 80 Place for ballet exercfee 82 Long time SOLUTIONS OF LAST WEEK'S PUZZLES Ban taQHrJa aaaa auu aaa aaaui nnnn BQQ aaaa aauu auu DBS DEMI rjorJD noon nnn DBQEI nnori nnan runn QGJB sasa nunrJB nnn I QQB OQQD IHBB QBQ ODDB I BEIOD CRYPTOGRAMS KS NUUBOUNTY W A I. C ECWU YNUUB OUNTY. .s INN O 1 L R U L Y N N R T SANN US YACHTC YHESSY -By India M. Sperry KNO SHERWUDHO PERVVUD NKPHO DA SH OHPERWUDHO AEH ERWUD. -By Joynel Davidson WRAP CREMRE XRT FGWLPG CAREFLE'T X G E M R E By Barbara J. Rugg PECKS IEPPIK PAGEUP PAGKU SEUGECEPKSIA. -Bv I.M.S. Week's Cryptograms 1974 ny Chicani Tnhunc-N Y. News Inc World Rights Rcscivcd I. 2. Neat gumshoe was glum when he detected rhewing gum on his .shoe sole. Man guesses palmistry is some son of fancy tropical agriculture. Bad troubador tours endless sideshows without earning one good release ;