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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 capita] 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-ccnt 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, ?1.66 billion, up 10.a 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 HARRISBURG, 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 take a WHITE HORSE anywhere CONTEXTS 26 OUHCK KIIUB, urn no WHO UIUB Distilled, Blended end Bottled in Scotland by White Horse Distillers Ltd., Scoiland 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 o[ gold is Uie 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 las traded in rapeseed, flax-' seed, rye, barley and oats fu- tures and in recent years added live beef and Maritimes potato futures. A special committee of the exchange now is reviewing ra- peseed oils and meal with a view to futures trading in those commodities and has studied a government report on lumber futures. An earlier study of corn in- dicated insufficient interest to warrant a futures market in that commodity but volume has increased recently and Mr. Ed- wards says the exchange may take a second look at corn. Grade 12 exams to squashed HALIFAX (CP) Education Minister Allan Sullivan of Nova Scotia announced today that 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 school achievement and performance 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. November 8, 1973 THI LETHMIDGI HBALO 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 yearl Our men's boxed shirts made of premium weight 55% Cofto.-i and comes in rich checks and plaids. Choose Burgundy, Brown, Blue, Grey and mort. i i mi iiMm Sizes S.M.LXL, 'm FULL 4 PLY NYLON CORD TIRES 600x12 650x13 T360il5 12 ply lire only Whilc-wolls only SI.43 mort ovoiloble in blocKwoll only 6.50-13 invariable in whifewall only WHITEWALLS ONLY MORE DURABLE NYLON CORD SUPERB TRACTION LONG MILEAGE DELUXE NYLON MILEAGE GUARANTEED MILES 2O MONTHS STP SNOWMOBILE OIL CHAMPION, AC, OR AUTOLITE SPARK PLUGS BOOSTER CABLES FSONT REAR Choice of Four colours Twin fronts or twin rears for all Snowmobile ofl Wfln gai Ireafmcnr. Cleans and protects carburelor and internal engine ports. 40 to 1 Use Your Woolco CHARGE CARD For All Your CHRISTMAS SHOPPING DRY CHARGED POWER BATTERIES ALL SIZES, ONE PRICE 8 TRACK STEREO FM STEREO RADIO MOTOR TUNE-UP QQ Most Domestic can 6 cylinder cars Insiall new spark plugs (choice of Chompio AC, Install points, rolcrr, nnd condenser. Adjust liming. Adjust carburelor. Cars equipped willi rosjilor plufli, slightly higher. 8 cyl. cars only radio plut 8 liacV ilcico lope ufps include fine liming conlmli and burglar alarm. Expprl Installation Available. Wovlw Department Stores Because We're Woolco... Shopping Costs You I I Shopping Moll 2025 Mayor Magrath Drive Open Daily 9 n.m. to 6 p.m. Thursday and Friday 9 a.m. to 9 p.m Open Dnllv 9 a.m. 1o 6 p.m. Thuriday and Friday 9 a.m. to 9 p.m. Mall 5025 Mayor Magrath Drive ;