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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 27, 1974, Lethbridge, Alberta July 1974 THE LETHBRIDQE HERALD 25 CP Rail ponders electric route r VANCOUVER Electrification at CP Rail won't even be a possibility un- til the company is reassured that nationalization is nowhere on the horizon. Robert CP Rail's director of technical research and says elec- trification of his company's main line between Calgary and Vancouver would take five years and million to complete. Speaking to an international conference hosted by the West Coast Railway he said CP Rail has to be certain it will have complete control over its own destiny for the duration of the project before it will spend the money. Although electrification offers advantages over diesel locomotive operation on busy the returns on the investment demanded are yielded in small amounts spread over many he said. Olympic contract MONTREAL -Opera Diamond Ltd. of Montreal has been awarded the exclusive right to manufacture and sell costume jewelry in Canada using the official symbol of the 1976 Olympic Games. A contract signed by Jean- Paul Opera Dia- mond and Gerald vice-president of revenue for the Olympic organizing is the first of several which will give rights to use of the Olympic symbol on as many as 300 manufactured officials said. The contract stipulates that 10 per cent of the revenue derived from company's sales to jewelry dealers will go to the organizing committee. Mr. Beaudry said in a news conference he expects the contract will deliver million toward cost of the games. He said he has contracts with several manufacturers to begin production of the costume which will be on the market this fall. Mr. Snyder said the 10 per cent of gross sales reverting to the organizing committee will be standard in contracts subsequently awarded to manufacturers of items such as flight pens and pencils. Public tenders for the items were called earlier this year. RITCHIE AUCTION NOTICE Place 17th SL Hwy. 16 1974 am Owner On Behalf Sunset Construction S N Construction Ltd. Crawler 2-Cal S.n.'s 46A2293 4-1972 JD S.n.'s 082628T 1970 JD S.n. 1966 JD. s.n. I.H.C. S.n. M-48 Bom- Rubber Tired Loader 1969 Cat s.n. Case 580 Backhoe. s.n. 1971 JCB 5-C Hyd. s.n. Koehring Model 205-2B Dragline Insley Model K-12 Backhoe. s.n. Dominion 480 1967 P H Model H418 Hyd. Hoe. s.n. Unit Model 1020A 1973 Barber-Greenew TA77 s.n. Buckeye 314 Motor Cat 14C. s.n. Cat 12E. s.n. Gravel Cedarapids Junior Tandem s.n. 10 x 36 16 x 24 Shaker 3' x Truck incl. 196S KW 1968 KW 1970 Ford 700 Pickup incl. 1974 G.M.C. Sierra 1974 G.M.C. 25CO ton 1970 Ford 250 incl. arid Tank Camp incl. Bunk Houses Wash Air incl. C-P 125 C.F.M. I.R. 2 H.P. 3 H.P. double Pedestal grinders Cat 17000 Diesel Power Misc. pipeline misc. cat tractor parts variety of misc. shop tools Malsbury Steam Hobart 300 Amp Port. Rex 6 yard cement Pile hammar B.T.U. Herman Nelson Versatile 145 8 wheel Misc. chains Braden MS9 MS3 3-Skiddos. Phone at 467-7622 Write lor Free Catalogue to RITCHIE BROS. AUCTIONEERS LTD. 920 BRIDGEPORT ROAD IICHMOND B.C. JATIONWIDE AUCTIONEERS Mr. Klein said that at last the promised savings afforded by electrification of the Calgary- Vancouver section were equal to the railway's minimum desired rate of return on investment. he although attention has been paid to the likely electrification of the line from here to CP Rail has looked at employing high-voltage power elsewhere on its system. The company feels a volt system would be best. With the railway would be able to space out feeder substations at intervals of 30 to 40 miles. In lower voltage substations have to be closer. Using high-horsepower thyrister-controlled electric the railway would be able to speed up trains on heavily traded sec- tions of the while using fewer locomotives to handle a greater traffic tonnage than diesels can handle. Electric locomotives are easier to maintain than diesel locomotives and last two to three times longer. Modern electric power offers an ad- vantage in traction over diesel because each powered axle can transmit more power before the wheels start to slip. But Mr. Klein added that the case for going electric depends greatly on electric power holding its present posi- tion against the price of diesel fuel. CP Rail's diesel-fuel costs have gone up 50 per cent dur- ing the last 12 making electric power look attractive. we have no way of pre- dicting that electrical energy will continue to be made avail- able in the required amounts and at today's bargain Mr. Klein said. a background of greatly increased prices for competing energy electricity may go up sharply in Apprentice farmers in Ontario TORONTO The Globe and Mail says the On- tario government wjll introduce a type of farm apprentice plan to keep farmland destined for future development in food produc- tion as long as possible. Agricultural college graduates without enough money to start their own farms will be offered leases of 10 and 20 years on land bought well in advance of future development by the proposed Ontario Land the newspaper says. Proposed in the government's April the Ontario Land Corp. will be used to assemble land needed for about six new towns to ac- commodate the next quarter century's population growth. But until that land is the newspaper it will be leased first to the farmers who originally sold it and then to the appren- tice farmers. By leasing land from the agricultural college graduates will be able to use their money for equip- ment while saving for their own farms. Brewery bags candy shares Ont. John Labatt Ltd. has acquir- ed more than 75 per cent of the shares of Laura Secord Candy Shops Ltd. which it had offered to buy. Labatt controlled about 64 per cent of Laura Secord prior to its June 15 offer of a share for the remaining 008 shares. The offer expires Oct. Improvement WASHINGTON The United States recorded a big improvement in its inter- national trade in slashing its trade deficit by more than million as ex- ports jumped by 9V4 per the commerce department reported Friday. Imports in June exceeded exports by million com- pared to million in Mav. Troubled B.C. brokers move to Alberta Exchange VANCOUVER Local brokerage worried about the British Columbia government's at- titudes toward are moving into the Alberta Stock Exchange. Thornton presi- dent of Donaldson Securities said his firm obtained a seat in late 1972 on the Alberta formerly called the Calgary Stock for several reasons. always thought in our firm that the economies of Rising business in Edmonton Bakers John 30 and Ian prepare pastry. Native pastry launches Scots bakers into lucrative business EDMONTON A batch of Scottish rolls prepared to test the market earlier this year rose to full- scale business proportions for John Brownlie and Ian McGlashan. Mr. of Sherwood just east of came to Canada from Scotland in 1972. In Ed- he met Mr. a who arrived in Canada in 1967. The two decided that with an estimated first- generation Scots in the there was room for a bakery specializing in Scotland's native rolls and pastries. They formed a partnership to provide such a service. To test their they whipped up a batch of Scottish rolls with the help of another baker and served them at a Scottish Society function. The response was heartening. As the demand for Scottish rolls the two men set up a home delivery system using two stationwagons. Initial demand for the rolls was about 250 dozen a week and by early April it had risen to 600 dozen. In June the de- mand was about dozen a week but Mr. Brownlie said that with summer holidays it has dropped to about 500 dozen a week. While they worked to meet the initial both men were still holding regular jobs. Mr. McGlashan was -a baker at the Argyll while Mr. Brownlie was employed in the ethylene divi- sion of Canadian Industries Ltd. Mr. Brownlie was producing and packaging Scottish rolls from 6 a.m. to just before then doffing his baker's cap to put in an eight-hour shift at CIL. After the initial success of their pilot the men used as down payment on worth of ovens and quit their regular wagei-earning jobs in and set up a bakery shop un- der the name of Edmonton's Original Scottish Bakers Ltd. They intend to retain their home-delivery service to com- plement the shop. one of our major selling Mr. Brownlie said. In the they started baking at 4 worked and serviced the store until 3 p.m. and two hours later were out in their stationwagons making deliveries. At p.m. they would call it a day. Cliff president of the Edmonton and Region Bakers wished the Scots well. ''There's a mint to be made in the bakery Mr. Price providing the two stay away from the bread line which he described as a Mr. Brownlie and Mr. McGlashan have branched out from their line of Scottish rolls to include ginger bread and fruit fruit and cream Scottish sausage rolls and onions and spices in puff pastry. Foreign surplus on rise OTTAWA The foreign trade surplus rose to million in May from million in but the total for 1974 was still little more than half the figure for the same period last year. Statistics Canada announc- ed this week that the surplus for the first five months was compared with million in record- breaking 1973. The surplus for was million. This year's May surplus re- sulted from exports of just over billion and imports of billion. Exports to the United Canada's biggest trading totalled about up from billion in April. Imports totall- ed about up from leaving a million deficit. Exports to the United King- dom were com- pared to million in April. Imports rose to million from million. U.K. hunters find waste valuable LONDON The familiar cry of Britain's rag- and-bone men nowadays is on the lips of the government. The drive is on to recycle waste in everyway. Laboratories and factories are engaged in the search for means of re-using waste sump oil to from waste-paper to tin cans to automobiles. It is not hard to understand the reasons for the new sense of urgency. The quantity of rubbish discarded by a grow- ing population may. be a source of pollution to land and sea and a problem as to where to dump it. More is the rate at which the world's stock of raw materials is being exhausted. More metals and coal have been used since 1940 than dur- ing man's entire previous existence. Consumption rates are more likely to rise than fall. Almost every waste product can be recycled. The million cars scrapped in Britain an- nually make more cars. One British scrap metal firm uses a mobile car called the and a bigger truck crusher to cut transport costs of scrap iron. These machines highlight one aspect of the economic one. The secret in recycling processes is to make them commercially viable not equivalent raw materials are exhausted. Broken glass makes rubber tires make carpet tree bark may be made into small granules that can be used to cover and protect plant waste plastics produce heat to generate electricity. The list is endless. Sewage can produce methane to power a vehicle or generate as well as producing other byproducts. Economic growth view supported Business is good The Soviet liner Alexandr Pushkin glides past Dufferin Terrace in Quebec City during one of its Saguenay cruises. Jochem president of March Shipping says business is good for cruise with more middle-income people takina vacations aboard thn flrtatinn WASHINGTON The United States commerce department shares an op- timistic view of Canada's economic prospects this year. Canadians appear to have ample justification for their belief that their real growth will exceed that of any other developed nation in the department's monthly Commerce Today reports. The magazine cites current estimates that the gross na- tional product in Canada this year will increase to about billion from billion in and that which fuelled the 1973 boom are still relatively undaunted by problems of fuel FIGHT SPECULATION TOKYO The Bank of Japan and the Japanese Fi- nance Ministry have moved to stabilize the Tokyo foreign ex- change market by indirectly increasing the supply of dollars available banking sources said Friday. The which took the form of making a small net increase in the amount of dollars deposited with Japanese commercial banks from the official is aimed at blunting a speculative trend that has de- veloped in the market in re- ff-nl Have supply and commodity shor- tages which beset most other nations of the The analysis is part of a country-by-country look at American trade prospects this year. It says that for American exporters are almost unlimited in Canada this with significant gains in the first quarter for such exports as automotive communications steel plate and capital equipment. With the housing industry in a sharp decline in the the magazine Canadian market presents a real attraction for U.S. suppliers of construction equipment and materials as well as firms manufacturing carpeting and home fur- Any part of 5 acres located at 2nd Ave. and 9th Street N. Lethbridge. TOLLESTRUP CONSTRUCrifJNCO. TillplOM 328-8196 B.C. and Alberta were similar and we wanted to participate in the expected expansion for mining in B.C. and gas and oil in said Mr. Donald- son. the government of Premier Peter Lougheed in- dicated it would attempt to build up the exchange there. were also concerned at the time about Premier Dave Barrett's possible mining pol- icies and what they would As he his com- pany saw an opportunity in the market. one there was really in- volved in underwriting junior gas and oil issues. Most branch offices of the national houses are not interested in He said his company has ap- plied to the Alberta Securities Commission for a broker-deal- ers licence and hopes to open a Calgary office. when you consider the mining royalties legislation in B.C. and how the market has it was a good decision to seek a seat on the Alberta exchange. gives us more diver- sification. For a long time we have been pretty dependent on mining. We also have quite a bit of confidence in Alberta and the government's desire there to build up the business of its Peter president of Canarim Investment Corp. Ltd.. said his company is also making an application for a seat on the Alberta exchange. Mr. Brown said his com- pany is making the move the event the political climate for investing in B.C. becomes so onerous to the business community that new capital will be driven As he it will serve to diversify the com- pany's underwritings. Robert A. chairman of the Alberta Securities Com- said his office has re- ceived a number of inquiries from B.C. firms interested in establishing themselves in Al- berta hope their pres- ence will result in more local financing than has been the case in the John president of the Alberta said he is aware that some Vancouver companies want to locate in Alberta and sees the Alberta Progressive Conservative government as the big reason for the moves. The biggest Mr. Thomson well be the fact that we have a political party in power that wants to encourage the growth of the He said the exchange had seven new brokerage firms become members during the fiscal year ended May 31 and the exchange now has 30 members. Seat prices have risen to from in the last 18 months. Ernie president of C. M. Oliver Ltd. and chairman of the Vancouver Stock Ex- said his company purchased a seat on the Alberta exchange about a year ago as hedge in the event things did not turn out too well in There is a lot of activity in Alberta he es- pecially in the underwriting area. Dividend declared VANCOUVER Bank of British Columbia directors declared this week a dividend of 50 cents a share payable Aug. 30 to shareholders of record July 31. It is the bank's fourth the directors said in a statement. H. H. Smith Ltd. Customs Broker M4-424-S4SI 344-3822 ;