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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 8, 1972, Lethbridge, Alberta Capital spending climbs OTTAWA (CP) A survey of 200 large corporations in- dicates that capital spending next year will increase by nearly 10 per cent, the depart- ment of industry, trade and commerce said Tuesday. The corporations, who were surveyed last month, reported their 1973 capital spending plans as billion, compared with billion this year. The estimates, however, were from a 22.7- per-cent increase in spending by electric utilities to a 30.8- per-cent decline in spending by mining companies. The survey, designed to give a preliminary indication of likely trends in total business investment, covers spending on new construction, equipment and machinery. The 200 firms represent about two-thirds of all non-agricultural investment in Canada. Last year at this time, a sim- ilar survey showed only a t h r e e-per-cent increase In planned spending for 1972 com- pared with 1971. The industry department gave no breakdown of spending intentions by region, but said the largest planned increases appear to be in the Prairies and Ontario, with only moder- ate rises elsewhere. The breakdown by sector: Manufacturing, billion, up 10.8 per cent from an estimated billion this year; mining million, down 30.8 per cent from billion; oil and gas, billion, up 19.5 per cent from million; electric utili- ties billion, up 22.7 per cent from billion; Transportation and commu- nication, billion, up 6.6 per cent from billion; other million, up 27.7 per cent from million. Forecasts for the period 1973- 1976 showed a 12-per-cent in- crease over last year's esti- mates for the period 1972-1975. Gets free care HARBISBURG, Pa. (AP) Kevin Marshall, a 12-year-old hemophiliac whose family can no longer afford his costly med- ical care, will receive free treatment and medicine at a medical centre, Gov. Milton Shapp said here. You can takea WHITE HORSE anywhere BOTTLED IN SCOTLAND WHITE HORSE OBTHLEHS 17D. CONTENTS 86i_ OUNCES Kllllfl, HERD AID Wmn M SQT1MD Distilled, Blended and Bottled in Scotland by White Horse Distillers Ltd., Scotland Gold glitters at exchange WINNIPEG (CP) With a new name and the added draw- ing power of gold, the 85-year- old Winnipeg Grain Exchange is hoping for increased public interest in futures markets gen- erally. The exchange changed its name to the Winnipeg Com- modity Exchange last month and by the middle of this month it is scheduled to have the world's first gold futures market in operation. Cec F. Edwards, newly- elected chairman of the ex- change, says gold futures trad- ing is expected to attract small investors who will begin to look at futures markets as a whole once they learn through gold how the market works. "One advantage of gold is the widespread interest of the general public. It's hard to get people enthusiastic about other commodities, but gold it a dif- ferent story." Mr. Edwards, 45, is president of Dominion Malting Ltd. of Winnipeg and has served on the board of the exchange since 1967. He says although gold, be- cause of its novelty, is the ex- change's main concern now, agricultural commodities will not be forgotten at the ex- change. FIRST INTEREST KEPT "We hope that the gold fu- tures market will broaden and enlarge our activities but it is not going to result in less inter- est in agricultural com- modities." Traditionally the exchange lias traded in rapeseed, flax- seed, rye, barley and oats fu lures and in recent years added live beef and Maritimes potat futures. A special committee of th exchange now is reviewing ra peseed oils and meal with view to futures trading in thos commodities and has studied government report on lumbe futures. An earlier study of corn in dicated insufficient interest to warrant a futures market that commodity but volume ha increased recently and Mr. EC wards says the exchange may take a second look at corn. Grade 12 exams to be squashed HALIFAX (CP) Education Minister Allan Sullivan of Nova Scotia announced today tha provincial examinations in Grade 12 have been dis continued effective imme- diately. Mr. Sullivan said the exam inations provided only a "nar row means of evaluating schoo achievement and perfonnanci levels. The department and local school authorities now are establishing, through a new and broader system of contin- uous assessment, a better way to judge a student's perform- ance, he added. FULL 4 PLY NYLON CORD TIRES blackwoll 650x13 1600x13 T560xl5 Wliilcwalls only more sizes. 650x13 T600xl3 T560xl5 f 2 ply tire only blackwall 735xU 775xU 775x15 blockwall 775x14 775x1 Whitcwolli only Jl.43 these sizes 775xU 775x15 695x14 735x14 blockwall 825x14 825x15 blackwoll 855x14 855x15 T915xl5 blockwoll 825x14 825x15 Whilewolls only SI .43 more DELUXE NYLON MILEAGE GUARANTEED 'available m blackwall only 6.50-13 in whitewall only WHITEWALLS ONLY MORE DURABLE NYLON CORD SUPERB TRACTION LONG MILEAGE MILES 2O MONTHS STP SNOWMOBILE OIL CHAMPION, AC, OR AUTOLfTE SPARK PLUGS BOOSTER CABLES FRONT REAR Choice of Four colours Twin fronts or twin rears for a mini-cars. Snowmobile oil with gas treatment. Cleans and protects carburetor and internal engine parts. 40 to 1 Mix. 8-ft. aluminum cobles, a must tor winter driving. DRY CHARGED POWER BATTERIES ALL SIZES. ONE PRICE 8 TRACK STEREO FM STEREO RADIO MOTOR TUNE-UP QQ Most Domestic cars 6 cylinder cars Install new spark plugs (choice of Champion AC, Install points, rotor, nnd condenser. Adjust timing. if Adjust carburetor. Cars equipped will) resistor plugs, slightly higher. 8 cyl. cars only Dry charged for over 3 years of high perrbrmanca power. No installotjo cliorao. 12 volt. radio plus 8 -hack ilereo tape playpr, Featuirs include fine tuning contioli and buill-in burglar alarm. Export Installation Available. Department Stores Because We're Woolco... Shopping Costs You Less! just say Collego Shopping Mall 2025 Mayor Magrath Drive Open Daily 9 a.m. to 6 p.m. Thursday and Friday 9 a.m. to 9 p.m. Wedn.sil.y, November 8, THE lETHUIDCt HBAIB Wootw Gift Boxed Sport Shirts quality tailored in Canada from a premium Permanent Press fabric in new plaids checks! each Do your Christmas shopping early this year! Our men's boxed shirts made of premium weight 55% Cotton and comes in rich checks and plaids. Choose Burgundy, Brown, Blue, Grey and Sizes S.M.LXU m Use Your Woolco CHARGE CARD For All Your CHRISTMAS SHOPPING Open Dallv 9 a.m. to 6 p.m. Thursday and Friday 9 to 9 p.m. .College'Shopping Mall 2025 Mayor Magrath Drive ;