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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 16, 1974, Lethbridge, Alberta Saturday, March 16, 1974 THE LETHBRIDQE HERALD 27 From fungicides to petfood Gordon Lang (left) examines production line. Aerosol products canned together By RICHARD ANCO TORONTO (CP) The next time you wheel a shopping cart through the aisles of a supermarket take note of the variety of brand-name products you can buy, many in aerosol cans, some in bottle or plastic containers or boxes. Chances are they are coming off the production lines of a single company, Conn Chem Ltd. of Toronto. Check your drug store or hardware store. Same thing. Conn Chem's products are found in the bathroom, bedroom, kitchen, laundry Jiving room, garage and garden. They are used in the family car and at the cottage. The corner service station uses them, and so does a hospital. Never beared the name? Quite likely, since it doesn't appear on the labels. This an6nymity could be one of the reasons its share prices have remaineu depressed since the Schwartz Agencies (1972) Ltd. company went public in April, 1972. Conn Chem, in the business since 1951, now is the dominant contract manufacturer and packager in Canada. Its clients are a financial Who's Meyers, Canda Packers, Colgate Palmohve, Helen Curtis, Clairol, Lever Detergents. Mennen. Nestle, Pfizer. Revlon, Sterling Drug, Uncle Ben's, to name a few. Eight plants President Gordon S. Lang, 49. estimates that about products go through the company's eight Toronto area plants, anything from aerosol cans of hair spray, anti-perspirants, deodorants, shaving lathers, colognes, laundry starches, disinfectants, air fresheners, insect sprays and fungicides, to non-aerosol detergent powders. cleaning compounds, shampoos, cough medicines, hospital anaesthetics, cosmetic lotions, salad dressing, pet food, instant coffee and hot chocolate mixes. Conn Chem's expertise is in producti6n. Edward Dobson. vice-president of administration and finance, said in an interview. "What we supply is the ability to produce their products more efficiently than they can. Our customers have Sain Rap. February FRED HARRISON Freds hobby is fixing things' He spenl February fixing your real estate problems successfully, and often At Schwartz Agencies, we act and get results' Our TV cover- age on listings second to none and it can fix your problem' Can Fred, or any of the Fix-it Team at the "Action Agency. 328-333H H. H. Smith Ltd. Broker 3ZMM1 HM21SISI COUTTS HoilM OfflCA Phone 344-3022 the marketing expertise. We can produce at lower cost because of economies of scale in production and raw- material purchases." One result has been that several Conn Chem customers have closed part or all of their own production lines uneconomic with shorter product runs and let the company take over manufacturing and packaging with expensive highly automated equipment. Early start Mr. Lang, with American partners, established Connecticut Chemicals Ltd. in 1951 in Toronto, when the phenomena of contract packaging still was in its infancy. Seven years later he and his brother bought out the U.S. interests, just when big growth in the aerosol revolution was beginning. Twenty three years ago gross sales revenue was said Mr. Lang. By mid-1973 sales were more than million about million on an annual basis and "the projection is for steady growth, although not as steep' as during the 1964-74 aerosol revolution." Aerosol packaging accounts for about 60 per cent of Conn Chem's operations. Mr. Lang would like to see expansion in the non-aerosol sector to bring the two closer to an even split. He contends the company is recession proof because, in his words, women will give up buying new drapes or furniture before they give up hair sprays, deodorants, colognes and other such personal items. Fm For 1 or 5 Year Term GUARANTEED SAVINGS CERTIFICATES Interest payable Monthly, Quarterly, Semi-Annualrjr kdh irWiiipwunosQ ro MMuroy. Member Canada Deposit Insurance Corporation TRUST Schwartz Agmciis (1972) Ltd. ROYCLELAND Roy Cteland spem months rn 1873 wffh Schwartz Agencies 09721 and Jour months at Subway Really ltd We are pleased to have Roy jhe Action Agency al This Kme In 1973 Roy won The Salesman of he Award tor The largest sales volume Ihe LeThbrtoge Beal Estate Board Tesuffls prove Action Please call one of the protess- tonal Action Agency team al 326-3331 The Herald Business Merchandise stocks dip By SANDRA INGALSBE TORONTO (CP) Merchandising stocks have been among the most depressed in the market during the last 12 months, reflecting an expected slowing in consumer spending, but at least one analyst says now is the time to accumulate these stocks. Peter McMullen of Wills, Bickle and Co. Ltd. says in a recent investment letter the retailing industry can expect relatively dismal earnings for the first half of this year but should improve during the second half and beyond. The recent slump has reflected expectations that Canada is headed for at least a minor recession and perhaps a major one, that low consumer confidence will lead to spending curtailment and that unemployment will rise to between six and eight per cent. Other fears are that higher energy costs will lead to cuts in purchases and that merchandisers face a continuing cost-push squeeze that could worsen if sales volumes do not improve. Mr. McMullen says investors have over-reacted, ignoring some positive offsetting factors. RECESSION UNLIKELY First among these is that a major recession is not likely unless the Arab oil embargo is extended beyond the first half of the year. Canada, isolated from some of the pressures of the energy shortage, has brighter economic prospects than other Western countries. Mr. McMullen also notes that depressed consumer confidence is historically not a negative market force. "By the time the public is fully aware of how bad things are. the market usually has discounted the negatives and is ready to move up in anticipation of the next expansionary phase." Inflationary psychology is so ingrained in the minds and spending habits of Canadian consumers that a sharp decline or pullback from current spending levels for most items, excluding automobiles and some housing related durables, is unlikely, Mr. McMullen says. A higher unemployment rate precludes severe monetary restraint, and Argentine rapeseed introduced REGINA (CP) A new variety of Argentine rapeseed. known as Tower, has been licensed for use in Saskatchewan and could replace existing varieties in the next two to three years, Les McLean, crop specialist with the department of agriculture said this week. Mr. McLean said Tower has a low erucic acid and thiogluoside content making it attractive for animal meal supplements and for use in oil products for human consumption. He said Tower has a yield, oil content and protein content comparing favorably with other types of rapeseed and it matures earlier than the other Argentine rapeseed varieties. instead, the money supply should remain expansive in 1974. Mr. McMullen says that, ether than cuts in luxuries, he does not foresee a substantial decline in demand for the majority of products sold by most department and apparel chains. The cost squeeze for merchandisers will continue but not with the severity of the late 1960s. Major stores have become more aggressive and it will be the poorly managed, weak chains that fall by the wayside. Although 1974 will be a challenging year with expect- ed merchandising shortages, energy crisis after effects and inflationary pressure, "most public listed retailers are well poised to benefit from the next major merchandising demand Mr. McMullen says. The decline in prices of most retail stocks has already discounted an earnings slowdown in the first half of 1974 "much greater than can reasonably be expected." Among the stocks recommended by Wills, Bickle are Simpsons, Consumers Distributing, Pennington Stores, Dylex, Fields Stores and Grafton Group. Wheat sale WINNIPEG (CP) The Canadian Wheat Board Tuesday announced completion of a three-year wheat sale agreement with the Norwegian Grain Corporation covering from 2.2 to 4.4 million bushels a year. More Business news Page 38 ANNOUNCEMENT ALBERTA REAL ESTATE ASSOCIATION HOWARD G.YANOSIK First Vice-President of The Alberta Estate Association for 1974 is Howard G. Yanosik of Lethbridge A long time resident of Lethbridge. Mr. Yanosik is a partner of the Real Estate Agency Key Realty and Insurance. Mr. Yanosik is a past president of the Lethbndge Real Estate Board. The Alberta Real Estate Asso- ciation represents the real estate boards at Calgary. Edmonton. Grande Prairie. Lethbridge. Medicine Hat and Red Deer and more fian 3.400 Albertans licensed to trade in real estate m the Province The Association has its office in Calgary. Unemployment Labor Force Mid-February Seasonally Adjusted 5.5% Actual 6.8% 8% 600 Out of Work 400 Thousand Workers 200' i iivuaaiiu it j FMAM; JASONO 4% of Labor Force Real unemployment drops While the seasonally adjusted jobless rate remained unchanged in Canada at 5.5 per cent of the labor force, the actual number of unemployed in February dropped from the previous month to Statistics Canada said it was 6.8 per cent of the labor force, compared with 6.9 per cent in January. Canada farm fuel supplies adequate WINNIPEG (CP) The president of Massey Ferguson Industries Ltd. said this week the energy crisis likely will have little effect on the production side of agriculture in Western Canada. W. K. Mounfield of Toronto said farmers in Western Canada have adequate supplies of fuel at prices below world levels and as a result should be better off than their counterparts in other countries. He said Canada's energy policy appears to be aimed at giving Canadians first priority on energy produced in this country and at a price somewhat below the current high world levels. Mr. Mounfield, speaking to a one-day national farm and business forum organized by the Winnipeg Chamber of Commerce, said it appears agriculture in most of the developed countries will have enough fuel, however high the cost. In developing countries, on the other hand, a rise in the cost of fuel could slow the trend to mechanization of SOUTHERN PRINTING COMPANY LIMITED APPOINTMENT agriculture and perhaps delay improvements in the levels of farm production. Appointment IN EDMONTON Stay At The RIVIERA THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLOR TV For Yew Convenience In Making Reaervatiora GEORGE SAITO Southern Printing Company Limited, of Lethbridge. is pleased to announce the appointment of Mr. George Saito as Sales Manager of its Commercial Printing Division. George has had 20 years extensive experience ;n the printing and stationery field in the Lethbridge area, and would like to make available his services to friends and customers, old and new. PhOM GEORGE at... 328-5114 1233- 2nd South Mr.Alf.Heggedal Mr Keith BicKerton. Area Manager for Engineered Homes. Lethbndge is pleased to ann- ounce the appointment of Mr. Alt. Heggedal as Sales Repre- sentative for the Lethbndge area Mr Heggedal has lived in Leth- bridge all his life and is active in such sports as hockey and rugby, as well as being a member of both the Kinsmen Elks Clubs. Mr Heggedal is happily married, with one son Please feel free to contact Alt for professional assistance on acquiring your new home IVIERAI MOTOB MOTBt 5359 Calgary TraN EflfHOfltOfly AlDQftel (403) 434-3431 037-2510 OFFICE SPACE AVAILABLE For Immediate Occupancy 3 upper Floors sq., ft. For complete information call PAHULJE CONSTRUCTION LTD. PHONE 327-6747 r OF CALGARY THANK YOU... ;o our many customers, friends and my hard working staff that have made my three- and-a-half-year stay in Lethbridge such a memorable occasion. While I will regret leaving Lethbridge. I have accepted a trans- fer to the District General Managers Oept. in Calgary, effective March 11th, 1974. I sincerely hope that the new manager Mr. Glen Whiteside will continue to be as fortunate as I was. ARTHUR J. KiRR, Manager ROYAL BAN K CCNTHC VIUAGt MALL BRANCH BATTERY CHARGING COURSE NO. 211-74 This two-day experience is a aeH encounter and is designated to increase awareness of your per- sonal strengths and to utilize them to gain more control of your life. FACILITATORS: ProfcMor Eugene Heimer, Lon- don England, Or. Margaret Rodway, The University of Calgary. DATES AND TIMES: Saturday. March 30 and Sun- March 31, 1S74, fcOO p.m. to p.m. day, March 31, 1S74, fcOO ajn. to 12 noon ana FEE: As registration is limited, please register by March 18. LOCATION: The University of Calgary. For further irrformalion oteasecorflacl Division of Continuing Education The University of Calgary Phone 284-5431 ;