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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 26, 1974, Lethbridge, Alberta 38-THE LETHBRIDGE HERALD-Wednwday, June on export of U.S. coal sought Sale of grain companies receives cabinet approval WASHINGTON (CP) A group of private electric- power companies called Tuesday for restrictions on the export of United States coal. Canada is the second- largest customer for American coal, with Ontario Hydro a major consumer. In full-page advertisements in prominent newspapers and magazines, the seven companies which make up the American Electric Power System (AEPS) said the energy shortage in the U.S. "leads to but one conclusion: restrict coal exports." Exports mean tying up "engines and hopper cars and miners who could be working for an energy-short U.S.A." "Surely, if the Arabs could restrict the export of oil for which they had no critical national need, we shouldn't hesitate to restrict mined coal which America needs so badlv." The advertisement is part of a publicity campaign by AEPS on behalf of coal as a source of electrical power. Previous advertisements in the series sparked criticism from environmentalists who fear the government will relax anti-pollution standards to permit greater use of coal. IMPORTS AVOIDED A spokesman for the New York-based AEPS said he believes none of the seven companies behind the campaign uses Canadian oil or natural gas. The National Coal Association estimates that Canada imports 16 million tons of American coal a year, second only to Japan's 19 million. Total U.S. coal exports are about 53 million tons annually, nine per cent of over-all production. "What the ad neglects to mention." a coal association spokesman commented, "is that 95 per cent of the overseas exports not including Canada are of metallurgical or coking coal which is not used for energy production." At Toronto, an Ontario Hydro spokesman estimated that Ontario imports about nine million tons of American coal annually under long-term contract, though current imports are slightly lower, running about eight million tons for 1974. He said some of the American mmpanies in the anti-export campaign are members of power pools to which Ontario exports electricity. Ontario Hydro officials plan to discuss the situation with some of the American companies shortly, the spokesman said. Meanwhile there would be no further comment from the Ontario officials. OTTAWA (CP) The Can- ada Gazette says sale of four grain companies has been ap- proved under the Foreign In- vestment Review Act in the first announced cabinet decision under the act. The companies whose sale was approved to Cargill Grain Co. Ltd. of Winnipeg are Na- tional Grain Ltd. of Winnipeg, National Feeds and Livestock Ltd. of Mount Lehman, B.C., Mighty Peace Grain Ltd. of Taylor, B.C., and Bosco and Bower Ltd. of Montreal. Alderman suggests use for extra oil revenues EDMONTON (CP) Windfall oil revenues now being collected by the Alberta government should be used to provide low-interest loans to municipalities, an Edmonton alderman said Tuesday. Aid. Cec Purves said the estimated million in extra oil royalties being collected by the provincial government should be made available to cities and towns for capital projects. He said interest rates make it too expensive for municipalities to borrow on the open market to finance projects. Edmonton Economic Affairs Commissioner Tom Adams told council he has already met with provincial officials and said they are considering making loans available to municipalities. They all were owned pre- viously by National Agri-Serv- ices Ltd. of Winnipeg, a sub- sidiary of Peavey Co. of Min- neapolis. Cargill, a subsidiary of Car- gill of Minneapolis, paid million for the companies. Sale of the companies was approved by cabinet which de- cided the transaction is likely to be of significant benefit to Canada, one of the criteria set out in the act for the approval of foreign purchases of Canadian companies. The act was passed last No- vember, with proclamation coming in April. OTHER CHOICES Some other names considered for Canada at the time of Confederation were the Kingdom of Canada, Laurentia, New Britain, Cabotia, Columbia, Brit- annica, Boretta, Mesopelagia and Ursalia. Look. Listen to our line-up of, sight and sound values. Component-style stereo system 14998 Save 20" color portable C-57FO4022. Features l-bunon color tuning and a big. powerful Chassis wtih solid stale signal circuitry Jnslaffi start. 4PQ98 "T b w 98 m-ST R 28427. The most stereo we have ever offered at this low price. SoSd state tuner-amplifier with visual slide controls for bass, treble, balance and volume and AFC to prevent signal drift. Stereo alert fight Bkie Ighted blackout dial. Signal strength tuning meter. Full-size automatic record changer has built-in anti-skate, cueing lever and dual needtes. Built- in 8-track tape player plays automatically or manually with selector bar, has il- luminated digital channel indicators. Heavy duty 6V2" widerange speakers. b-57 R 28050. Additional speakers pr. gamrmtft. 5 yr protection plan 1-yr guarantee on pielure lube'coppw circuit board' 1unet Ottw guaranteed tor 1 yr Labour included w all 8urmg the 1trst year 1 yr on Labour charges included 'or first 90 flays Value Sway music system phono, 8-track e-57 R 28442 AH solid stale. Sltde controls lor bass, treble, balance, volume. VU turwng melcr. AFC. Butll-m Scralch. rumtote and toudness controls. Changer as above. ATT suspension speaker system. f-57 R 28051. Additional speakers pr. 10" Black and White TV Set operates on house current or optional battery pack, in car with optional cigarette lighter adapter, instant start, an solid atate chassis. Slide controls lor easy tuning. 13998 I Reg.S 19998 Order by phone. Call Free delivery. Simpsons-Sears Ud The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Alton Mines Albany Oil Alia East Gas Almmex Asamera Ashland Oil BP Canada Brenda Mines Cda Southern Cdn Export Gas Cdn Homestead Cdn Ind Gas Cdn Long Island Cdn Superior Chieftan Dev Dome Pete Dynasty Ft Reliance Giant Mascot Gibraltar Mines Great Plains Grt Cdn Oil Lochiel Explor Lytton Minerals Noble Mines North Cdn Oil Numac Oil PanCdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Rain Seibens Spooner Total Pete Ulster Pete United Canso Westcoast Pete West Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC Sugar C Pfd Block Bros Cdn A Pfd Carling A Pfd Carling B Pfd Commerce Capital Crestbrook Forest Falcon Copper F M Trust Genstar Home Oil A Home Oil B Hudson Bay Co Hudson Bay Oil Hugh Russell C Pfd Husky Oil Husky Oil B Pfd Husky Oil D Warrants Husky Oil E War Inter Pipe War Inter S I P Kaiser Res Kaiser Res War Loblaw C Pfd Magnasonics Pacific Pete Pac West Airlines Pe-Ben Oilfield Rainer Inc. Royal Trust Sandwell Teledyne Trimac 4.85 40 4.90 5.50 8.25 8.00 5.50 3.15 2.65 3.95 6.87 Vi .17 39.37V2 6.25 25.50 7.50 .16 1.09 8.00 39.00 7.62V2 1.60 1.80 .47 4.00 10.75 10.12V2 1.40 .30 .38 .51 25.25 21.00 .33 7.75 1.00 17.25 3.30 7.00 24.25 11.75 3.05 29.25 21.00 2.25 6.00 9.62 V4 5.00 18.50 34.50 33.00 16.25 28.62V2 71.00 15.75 33.00 .02 6.25 3.00 16.25 4.40 1.95 24.50 2.15 19.50 5.75 3.37V4 5.75 4.75 5.75 Canbra Foods Westfield Minerals Weston A Pfd Whitepass Yukon PIPELINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas NSC Gas N C Gas N C B Pfd Pac Gas Tans Trans Cda Pipe Trans Cda Pipe A Pfd Trans Cda Pipe B Pfd Trans Cda Pipe Warrants Westcoast Trans Westcoast Trans Warrants CALGARY Acroll Barons Oils N. Continental Western Warner VANCOUVER MINES Atlas Explorations Bathurst Norsemmes Dankoe Davenport Dolly Varden Equitorial Res. Lornex Northair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Columbia Brewing Key Industries Wardair OILS August Petroleum Plains Pete. Ponderay Explorations Stampede Int'l Res MUTUAL FUNDS All Cdn Compound All Cdn. Dividend All Cdn. Ventures Amer Growth Fund A.G.F. Special Cdn Invest Fund Collective Mutual Corp. Investors Corp Invest Stock Fund Dreyfus Fund U.S. Great Pacific Grouped In Shares Growth Equity Invest Growth Fund Investors Mutual Mutual Accum Mutual Growth Fund Nat. Resources N.W. Cdn. N.W. Growth Principal Growth Provident Mutual Royfund Tempieton Growth United Accum Universal Savings Univest Vanguard 1.00 52.50 6.75 13.25 55.00 17.75 5.75 54.00 12.50 12.50 10.75 20.00 8.87 'A 9.75 1.00 19.00 2.50 .37% .06 .02 .25 .24 1.60 2.28 .81 .05 6.75 2 12 04': .09'2 1.92 625 4.65 .08 1.65 .30 13 .75 .80 66 18 Toronto mines, industrials (Supplied by Richardson Securities oFUanada) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cocnenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y K. Granduc Hollinger Hudson Bay MSS A Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Mela Midrim Intern Mogul Nu West Homes A New Atnona New Calumet Noranda Northgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algoro Roman Corp Shemtt Gordon Steep Rock Sunningdale Tek Corp. A TexmorH United Canso Western Mines WH Copper Mines Wnghl Hargreaves Wiflroy Yellowtmite Sear Zenrnac INDUSTRIALS Alcan Aigoma Slee! Alco Ind Jannack Agra flnd Bell Te1 Brascan A .09 1.20 1.47 1.36 .51 11.00 1.61 4.10 3.75 5.50 .90 1.14 3.50 2.60 .21 1.41 5.25 7.50 40.00 .36 44.25 1.80 4.85 2.50 41.50 .19 .44 13.75 2.00 31.87% 19.75 .65 4.55 1.33 .24 12.00 .27 30.50 4.55 .12'-4 1.51 1.20 .29 32.50 .17 .14 6.75 650 .22 .22 39.37'i 5.12'4 .22 30.75 18.75 1.30 .20 1.05 .24 25.50 8.62'i 147 6 305 18 1725 265 300 1 95 160 12 ;-10 oe 11 2850 27.7J, 1350 637V, 725 1450 BC Tel Burns BC Forest BC Sugar A Bow Valley Ind Cable CAE Ind Carling O'Keefe Chemcell Can Cellulose Cal Power Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn OH Gen Motors Grt Lakes Paper Gull Oil Greyhound IU Infl Ind Accept Kaps Kel Douglas A Laurentide Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Peyto Rothmans Shell CDA Simpsons Simp Sears Steel Can A Texaco Trad Grp A Trans Mln Pipe Tans Can Pipe Union Carbide Union Gas Union Oil United Stscoe Versatile Mtg Westeel 52.00 15.00 20.00 18.12V-. 13-37% 8.50 2.36 4.90 22.50 3.00 9.00 20.00 2.80 1637% 15.37% 12-75 28.00 27.00 15-00 37.12% 44.00 25.25 10.62% 15.25 25.25 Woodwards A Canbra Foods Elec BANKS Can Imperial Wlonlreal Nova Scotia Royal Tor Dom 3.80 7.50 48 50 20.75 26.25 11.62% 16.12% 2.06 5.00 8.75 11.50 16.1 2% 25.75 50.00 21.00 19.50 6-'5 10 75 11.12% 13.37% 5.37% 12.50 13.12% 7.87% 11.12% 3V 12% 12.87% 3787% 9 871 13.00 9.75 '9 00 8 00 9.25 5 75 6 00 20 00 22.75 23 25 3 35 3 00 24 67% 16 50 34 31 12% 36 50 New York (Supplied bv Richardson Securities of Canada) al Simpsons-Sears you gel trie Imest guarantee satisfaction or money refunded and tree delivery Slore Hours: Open Daily a.m. Jo p.m. Thursday and Friday a.m. to p.m. Centre Village Mall. Telephone 328-9231 Arm T 8 T Anaconda Steel Chrysler Comsal Dupcm! General Victors GuH Inl Harvester Kenti Copper Wlomgomery Ward Sears Exron Texas GuH Texas Co Wix Corporation 46 21 25 30 371'? 15 31 00 16S 2000 2500 3325 2675 71 00 2650 25 12V, 12 Woolworth ''S 00 Westmanouse 14 US Steel GTI Tel TORONTO AVERAGES 20 InduMnals 1SB 04 <3own 20 20 Golds 412 15 down 5 OS 10 Bsse Melals79 86 up 31 15 Western Oils 162 79 down 80 Volurr.e MEW YORK AVERAGES 20 InduMnals S23 52 down 5 31 20 Rails 166 24 down 1 04 15 Utilities 69 11 down 09 65 Slotks 246 97 down 1 4J Volume 4.850.000 ;