Lethbridge Herald, The (Newspaper) - June 30, 1973, Lethbridge, Alberta
Big distilleries stock good for investment TORONTO (CP) North Americans have more leisure time and more money than ever before and are spending a good deal of both on con- sumption of liquor, analysts say. The outlook for stocks of Canada's big distilleries, Dis- tillers Corp.-Seagrams and Hiram Walker-Gooderham and Worts Ltd., appears good despite some uncertainties. In a recent review of the in- tJustry, Levesque, Beaubien Inc. of Montreal says the in- dustry appears well supported by favorable population trends and a sound economic environment. Demand by the United States, its major mar- ket, should increase at an an- nual rate of 3.5 to 4.5 per cent annually. A wider acceptance and stronger status image of li- quor emerged in the '60s as a result of a younger popu- lation, increase in leisure time and personal income and a relaxation of some state and local laws in the U.S. One factor in the increased demand for Canadian liquor in the U.S. was the trend to light whiskies. W'hile some observers say U.S. domestic whiskies, in the long term, will regain some of the market, others feel that Scotch and Canadian whiskies wiU continue to benefit from the "snob appeal of imported products." UP TO MAKERS "In our opinion, the trend toward lightness should con- tinue to prevail in the 1970s. Whether this new 'light' whisky will prove itself as a significant factor will depend upon producers' seriousness in trying to promote it." Another important factor will be the expansion of the prime liquor consumption g r o u 25-34-year-olds. While past experience has shown consumption among these in their early 30s slows as more demands are made on their income, more money and leisure time and the di- minishing birth rate could off- set this. "Overseas markets are ex- pected, on the whole, to con- tinue to grow at above aver- age rates. For the most part, these areas remain untapped and consumption trends that have been emerging in recent years appear likely to accel- Levesque, Beaubien says. On the negative side, the in- Gas industry role needs explaining BANFF, Alta. (CP) Ver- non Horte, new president of the Canadian Gas Association, says industry should take an "affir- mative and positive position" in explaining its role to the pub- lic. "In general, business has been given a bad name. Say you're in business, and you already have a strike against you. Without being specific, he said various groups had placed business on the defensive by questioning current practices and imputing disreputable mo- tives. Mr. Horte, former president of TransCanada PipeLines, and currently top executive of Ca- nadian Gas Arctic Study Ltd., said the natural gas association is an ideal body to promote an aggressive approach to indus- try. "It Is tough to get a con- sensus within an association on precisely how to say something. But it can make people and companies aware so they can respond in an individual or cor- porate manner." Mr. Horte, of Toronto, was to be installed here as association president, taking over from A. R. McMurrich, marketing vice- president of the Steel Company of Canada. ACCENT ON NEGATIVE Many of those quick to criti- cize business are not so fast to acknowledge that business pro- vides the goods and services they use and contributes to their salary and standard of liv- ing, Mr. Horte said in an inter- view Tuesday. His comments are similar to suggestions made earlier at the association's 66th annual meet- ing by Alberta Premier Peter Ixnigheed, who said that those who believe in free enterprise will soon be put to the test in present ing their activities as HAROLD FOX "TRIPLE CROWN WINNER" Lethbridge Real Ettata Board Salesman-of-the-Month Secretariat hai just won the Triplo Crown of racing. Harold Fox has just won the M.L.S. Salesman-of-the-Month award and that makes Schwartz' a Triple Crown Win- ner the third time in 1973 our sales reps have won the above awurdi We're like Sec- retariat fastll Don't horse around with your housing problems Call Harold or any of our people of the Ac- tion Agency 328-3331. valuable to society. Mr. Horte said some in- dustries earned their bad names because of their detri- mental effect on t h e environ- ment, but how such activity oc- curred can be understood. "It was people in general; they didn't have an apprecia- tion of the impact of what they could do wrong. I bet a lot of people who are doing the screaming now weren't aware of it environment 20 years He noted that his company, a consortium of Canadian and U.S. petroleum and trans- portation firms studying a natu- ral gas pipeline down the Mac- kenzie River valley, has made extensive environmental stud- ies. This was partly a reflection of increased awareness, but much of it was done for engi- neering reasons. "If we don't protect the envi- ronment, we don't necessarily have a safe line in construction and design." The general route of the pipe- line has been decided, the tech- nical problems have essential- ly been solved and an applica- tion to build the should be made to the Nation- al Energy Board this fall. Mr. Horte said he has no doubt the project will proceed because it is in the best inter- ests of Canada and the U.S. vestment firm says alcoholic beverages are a favorite tar- get of tax collectors and fur- ther U.S. and federal taxes should not be overlooked. And, one-tenth of the U.S. trade deficit last year was caused by distilled spirits. Although the industry's cost structure is characterized by a low labor content in manu- facturing, its margins become vulnerable in a period of in- tense market the firm says. COULD BE INCENTIVE "But the industry's high fixed investment required for extensive storage facilities, necessary because of min- imum legal aging require- ments coupled with tradition- ally high working capital tied up in inventories sad ac- counts receivable, could how- ever prove an incentive to ag- gressive marketing. More- over, competitive pricing could become more of a ma- jor marketing weapon if the trend towards higher-priced spirits, on the one hand, and cheaper-priced products, on the other hand, cause a dete- rioration in some producers' margins." Levesque, Beaubien recom- mends shares of Distillers Corp.-Seagraims, which, it says, should outperform the industry with sales growth at six to eight per cent a year. Hiram Walkv, it says, "could be hard put to main- tain its growth rate in recent years" and earnings per share could advance at a slower pace than during the second half of the 1960s when an average annual 7.1-per- cent growth rate was main- tained. million bid for mills said 'nonsense' VICTORIA (CP) Premier Dave Barrett says reports that two businessmen offered million for three sawmills at Vanderhoof, B.C., which the government bought Tuesday for million, are "absolute nonsense." "These two people are talk- Ing just plain he told reporters after reading of the offer by Synco Hold ings Ltd., which is owned by Gerald Phillips of Smithers, B.C., and David Beach of Vancouver. He said the government's in- terest in Plateau Mills Ltd. goes back several months, when the company was plan- ning to sell to Rayonier Can- ada (B.C.) Ltd. The govern- ment prevented that sale by re- fusing to allow the transfer of timber rights. He said Plateau Mills was satisfied with its dealing with the provincial government, and does not feel it's been black- mailed. Bond prices Supplied by Doherty McCuaig Limited GOVERNMENT OF CANADA BONDS Oct. 1 '75 96.00 97.00 8 July 1, '78 101-00 103.00 2% Sept. 1, '83 79.00 79.50 Sept. 1, '92 78.00 80.00 3 Sept. 15 Perp 38.00 40.00 April 1, '75 98-50 99.50 July 1, '75 99.50 100.50 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS Alberta '90 104.50 106.50 Ontario 7 '88 89.50 91.50 Ont Hyd 9 '94 106.00 108.00 New Br '90 107.00 109.00 Nfld 8 '74 99.00 101 00 N. S. '92 82.50 84.50 Quebec '74 101.00 103.00 Alberta '90 105.00 107.00 Man Hyd 8 '91 97.00 99.00 Sask '90 103.50 105.50 Nfld '90 106.00 108.00 AGT 8 '74 100.00 101.00 Man Tel 8 '74 100-00 101.00 INDUSTRIALS Alta G T S'A '90 104.00 106.00 Alcan '91 100.00 102.00 B.C. For '92 106.00 108.00 B.C. Tel 9V8% '90 103.00 105.00 Bell Tel 9Vs% '79 105.00 107.00 Bell Tel '93 107.00 109.00 H. H. Smith Ltd. Customs Broker CALGARY PHONE 263-8050 I LETHBRIDGI PHONE 328-8141 COUTTS Home Offieft Ph. 344-3822 CP Ltd '89 100.00 102.00 CP Sec 9% '90 105.00 107 00 Cdn Util '91 106.00 108.00 CWNG '90 106.00 108.00 Gulf Oil '90 101.00 103.00 Inter P P '90 106-00 108.00 Massey '80 105.00 107.00 Noranda '90 105.00 107.00 Int Nickel '90 104.00 10S.OO N and C G '91 105.00 107.00 St of Cdn '90 105-00 107.00 Tr Cdn P '90 107.00 10S.OO Tr Cdn P 10% '90 109.00 111.00 WCTr 8Vs% '93 98.00 98.50 CONVERTIBLES Alta G T '80 125.00 135-00 Cons Gas 5Vz% '89 83.00 85.00 Dynasty 7 Acklands Scur Rain WC Tr C 5y2% WC Tr 82 95.00 105.00 99.00 101.00 85.00 87.00 76.00 80.00 91 93.00 101.00 the RIVIERA MOTOR HOTEL Welcomes you to Edmonton To help make your stay more would like to introduce you to all our facilities. MORE PEOPLE STAY AT RIVIERA- BECAUSE THE RIVIERA OFFERS YOU MORE! Write or Telephone IVIERA MOTOR HOTEL 5359 CALGARY TRAIL 43-43-43-1 FEED GRAIN PRICES VARY EDMONTON Again, feed grain prices are still fluctuat- ing with no general pattern. Letbbridge area reports the high bids on wheat increased to 2.25, with oats 95 and barley 1.23. All grains were offered with wheat 2.15, oats 90 and barley 1.25. Bids in the Medicine Hat- Brooks district remained at wheat 2.00, oats 90 and barley in. creased to 1.20. No grains were offered. The high bids for wheat at Calgary increased to 2.10 with oats at 80 and barley 1.10. All grains were offered as follows: wheat 2.10, oats 80 and bar- ley 1.15. The Red Deer reporter ad- vised bids slipped on wheat to 2.00 with oats at 80 and barley at 1.10. No wheat was offered but some oats at 80 and barley Vermilion bids reflected an increase in wheat to oats 95 and barley 1.10. Offerings included wheat 1.80, oats 90 and barley 1.15. In and around Edmonton, buyers report the following bids: wheat 2.20, cats 80 and barley 1.10. The exchange re- ported offers for wheat at 2.15, oats 85 and barley 1.10. No change on bids in the Peace River district with wheat 1.85, oats 92 and barely 1.15. There were no offers through the exchange. Electronics consortium established QUEBEC (CP) The Cana- dian electronics industry has set up a 10-company consortium to bid on major international contracts too large to be under- taken by individual Canadian firms, Leon Balcer, president of the Electronics Industries Association of Canada, said here. Mr. Balcer told ttog associa- tion's annual meeting that the consortium, called Cantelecom, comprises companies specializ- ing in telecommunications net- works. It is to compete for projacts such as the Pan-African Tele- communications Network being sponsored by the International Telecommunications Union of the United Nations. GOVERNMENT OF ALBERTA ALBERTA SECURITIES COMMISSION NOTICE Effective July 9th, 1973 NEW ADDRESS 2nd Floor, 9945 108 Street Edmonton, Alberta. T5K T G8 Telephone (403) 426-0710 Saturday, 30, 1973 THE LETHBRIDGt HERALD Plastic industry threatened by shortage of oil products VANCOUVER (CP) The plastics industry, which has un- dergone an explosive growth in recent years, sees its very exis- tence threatened by the global shortage of petroleum products. The long-term outlook is says Pete Devries, president of Marine Plastics, which produces reinforced plas- tics at its North Vancouver, B.C., plant. The problem for Marine plas- tics and other firms in the in- dustry is that petroleum resins are a main component in the seemingly endless multitude of entire houses to flimsy wrapping for left-over from plastic. It is one indication of the vast growth of the plastics industry that there are some 150 firms devoted to the production, wholesaling and retailing of plastic goods in the Greater Vancouver area alone, although it forms only the tiniest of cogs in the North American plastic industry. All 150 are feeling the pinch of the petroleum shortage. Basic resins are more difficult to obtain and more costly. For some, deliveries now are on a strict quota basis and often sub- ject to delays, which creates problems in maintaining pro- duction schedules. Long-term contracts for resins are no longer available. And because quotas are based on past pur- chases, it now is virtually im- possible for a new firm to open up in what has become, in ef- fect, a closed industry. Price increases, as many as three in six months, have in- creased the cost of basic mate- rials by as much as 20 cent "We're not short of supplies yet, but obviously we art says Mr. Devries. He says the scarcity and cost of the major component is mak- ing it difficult to remain com- petitive with non-plastic prod- ucts. John Mackenzie, bead of Seaforth Plastics, a subsidiary of Crown Zellerback Canada Ltd., says prices charged by major suppliers in Canada and the United Staes have risen three times in six months. Seaforth makes polyethelyne bags and containers used in su- permarkets and Mr. Mackenzie says the increased cost of the wrappings will eventually be reflected in the price of the food it encloses. BUYING or SELLING call FRENCH NO SALE DOMINION DAY Mon., July 2nd Next Sale Mon., July 9th at T p.m. Wednesday] a.m. FAT CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. WE BUY AND SELL FAT AND FEEDER LAMBS DAILY We carry Hartford Insurance on all livestock FRIDAY 10 a.m. IFAT and FEEDER CATTLE SALES 1 p.m. f SPECIAL STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS. ED FRENCH 328-3986 DAN KLASSEN........345-4358 KEN MILLER, MAGRATH 758-6607 LOU DEJAGER 345-4489 WHIT HENINGER......328-7334 CONSIGN All YOUR LIVESTOCK TO: C. E. FRENCH LIVESTOCK "In The Heart of Canada's Ranching Country" Ph: Office 327-0101 327-3986 Alberta Sfoekyordi P.O. BOX S.S.I-7-7, LETHBR1DGE, ALBERTA Crossword "HEE HAW AND ALL THAT By Stanley D, Chess ACROSS 1 Paper money 6 Year James II died 11 Scorches 16 Track hustlers 21 Elevate 22 base (oc- cupy second and third) 23 Troy resident 24 Seize, in Paris 25 Crockett's last stand 26 Small streams 27 Body-building compound 28 Black 29 Card shuffler's suggestion 32 Gems 34 Deviate 35 Greek letter 36 Open a bit 37 Actor Peter and family 39 culpa 40 Implore 41 Shao-chl 1 Rssilerock 2 Lease jointly 3 Lasso 4 Doctrines 5 Kind of poisoning 6 Friend of Julius C. 7 Household appliance 8 Spanish writer 9 10 Pants'item 11 Classroom requisite 42 Half: pref. 43 Article 45 Football gr. 47 Dismissal queue 52 Mr. Nixon and Miss Fonda 58 Lucy 59 Borders on 61 Joe's 62 Postal routing 63 noire 64 Navy jail 65 Control post 67 Sea eagle 68 Inc., in Britain 69 Compass point 70 Williams and Mack 71 Eructation 72 Remnant 73 Withered 74 Go to sea again 76 Andy's 77 Bon (good evening) 78 but wiser 79 Go to college 82 Metallic part 84 Cyclist 87 Chop or barrel 88 Foment 89 Lebanon trees 93 Double curve 94 Messy one 95 bills 96 U.S. missile 98 Witty remark 99 Vestment 100 High-priced commodity 101 Joint 102 Hammerhead 103 Dog name 104 Clippable items 106 Grad stu- dent's quest 107 Stockpile 109 on the nose 110 Idols of a gold pro 113 Bacchanalia site 115 Pronoun 116 Unhappy 117 119 Neartha center 120 Smith or Wright: abbr. 123 Beauty precedent 125 Cause pain 127 Porno 129 Editorial complements 132 Take the 133 Condemn 135 Martha Mitchell quote 138 Circus stage 140 Not in the- 142 Olympian's goal 143 Prevention measurement 144 Ancient Palestine city 145 Blacksmith's need 146 Angry 147 148 Fireplace 149 Cubic meter 150 Work animals 151 Senses DOWN 12 Border 13 Muhammad, etal. 14 Christened again 15 Breathe vibrantly 16 Beach sights 17 Mineral 18 Exhorter 19 firma 20 By-line bearer 30 a loaf of bread..." 31 Dismounted 33 Tripping the light fantastic 33 roller 40 Desirable post 41 Kind of wire 42 Fitting closely 44 How some like it 46 Golf cry 47 Filament 48 Girl's name 49 Repetitions in class 50 Fat 51 Stork 53 Beatle flick 54 Challengers 55 Blanched 56 Metric measure 57 Senior 60 Railroad switch 64 Bible or cotton 66 Work unit 67 Ireland 70 Row 71 Tree rind 72 Entrance 73 Vehicle 75 Awry 76 Dress 77 Hindu titles 78 European river SO Spatter 81 Typo o T33 Stark 134 Roof edga 136 137 Fix 139 Man's 141 Letter opener 59 Guide's, high 61 Monkey 62 Prontol 63 Scotch rivsr 64 Winter storm 68 King of Judah 69 Ailing 70 Fata SOLUTIONS OF LAST WEEK'S PUZZLES _ nDENl HiaQlal nnnHB nacmni natnonl nn nun ciannn cin aaa rn anna ina nnona __ SniH nDBdE) onnna EHDBBBH H arum Erannii DUBH ana HQQBHH HDQOa HEJlBCia HHEin pEjaa nannn nanra rann nHRFjn nemos snonn BEHIHD nania BmnBH anemia Hnaaaa ana nncion rinntia GmaansQ DBBaoronn aaaaa aaaaaa OHGJR BBQOB anaa OQOB BBGHDGl DEJDQElBEIEJOaBDSDDGIG QOBB HBtJBB 0UQG1IJ DBBDn QOBBH ODBOB HOBOS 09000 nrjSB QOOBD BH3HB .HBIBHIlJ 1973 by Chicago Tribune-N.Y.'News Synd, Inc. CRYPTOGRAMS L OE OPS QTUAEIST, X APETO ASIOSIYS REEMA RUMS X YENQRSOS HREENUI' HEEMI Lois Jones 2., DNUWMERG LUNNMUDI LUVVING USSIWH HOI GHUrii ES HO-I RVMEV. -ByIndiaM.Sperry 3. KJRMJRBY JRBY.RY KJRRM. Earl Ireland 4. LAW SEPID LOW SEC CHOW AH SIP DOW. -ByL.J. Last Week's Cryptograms 1. A bleep in the deep is sonar signal to big ship in danger. 2. Should one call the purple martin bouse a minimum 3. Little dog got good diet.'