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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 23, 1974, Lethbridge, Alberta Wednesday, October 23, 1974 THE LETHBRIDOE HERALD 11 Brokerage firms want rate hike TORONTO (CP) The Toronto Stock Exchange has asked the Ontario Securities Commission to reconvene a hearing into rising brokerage rates. In a note to its members, the TSE board of governors said the majority of members have indicated through a questionnaire that they want the board to press for a rate increase. At a July hearing the TSE failed to get approval for a proposal calling for higher commissions on the trades it makes for customers. The commission has set the new hearings for Oct. 30, 31 and Nov. 1. The exchange will present the proposals suggested by its members including a flat across the board surcharge on commissions plus various lower limits for the sur- charge. They will also ask to experi- ment with a reduced turn around commission, now be- ing examined by the ex- change. The TSE feels brokers need increased rates to stay finan- cially healthy. Chrysler Corporation sales up DETROIT (AP) Chrysler Corp., first of the United States auto firms to make its third-quarter finances public, reported Tuesday its worldwide sales were up over a year ago but that the firm still lost money. It reported sales for the three months totalled billion, an increase over the billion reported in the comparable period a year ago. Chairman Lynn Townsend said Chrysler incurred a net loss of million, or 15 cents a share, compared with a loss of million or 34 cents a share in the third period of 1973. On a nine-months basis, Chrysler said its new car sales in the United States totalled down 18 per cent from the record of in the opening nine months a year ago. Of over all industry phases for the nine months, Town- send said "For the first nine months of the year, inflation, tight money and consumer fears of a recession held total automobile sales in the U.S. to units, down 21 per cent below the record level of 1973." Townsend said that on a nine-months basis, Chrysler earned million, or 38 cents a share on sales of billion. The earnings were well below 1973's opening nine months in which Chrysler earned million, a share, on worldwide sales of billion. He said the lower return re- flected "a combination of de- creased unit sales, inadequate price increases and increased costs which have persisted throughout the industry dur- ing 1974. Exchange elects new chairman WINNIPEG (CP) D. W. Elliott. 53, of Guelph, OnL has been elected chairman of toe board of the Winnipeg Com- modity Exchange, succeeding K B. Macmillan. Mr. Elliott is a graduate of the Ontario Agricultural College in Gnelph and is manager of the grain division of the Canada Malting Co. Ltd., headquartered in Win- nipeg. E. V. Titheridge of United Grain Growers and R. J. Haas of Cook Grain were elected vice presidents. SUIT B FOR THE COLDEST WEATHER Outstanding Savings On Boys' Snowmobile Suits Reg. 18.88 r r A) Here's super value that's hard to beat! These snowmobile suits are a sure way to keep boys warm no matter what they're up to snowmobiling, skiing, or just having fun in the snow, a 100% Nylon outer shell keeps the cold wind where it belongs... outside. A warm quilted lining keeps whoever's inside snug and warm. Convenient full-zipper front makes the suit easy to put on and take off. Features an attached hood. Available in Navy colour only. Sizes: 8 to 16. mi! I- m> each Handsome Cardigan and Turtleneck Set _ B) Men's co-ordinated set that's sure to please. Machine-washable Acrylic cardigan has simulated cable front. Plain tiirtleneck knit is in contrasting shades. Assorted colours. Sizes: S.M.L.XL. Men's Water-Repellent Nylon Ski Jackets _. A Kran if AT choll flltO 19f C) Wind-resistant jacket has Nylon outer shell and Polyester Fibre lining. Features adjustable-belt waist and concealed hood. Assorted colours. Sizes: 36 to 46. nch Warm, Rubberized Snowmobile Mitts JD) Rubberized Nylon outershell has Leather palms. The warm lining is a blend of Rayon Knit, Cotton and Polyethylene Foam. Choose Navy or Black colour. Sizes: S.M.L. Men's Water-Repellent Snowmobile Suit E) One-piece suit with 100% Nylon outershell and full quilt lining. Has Orion (Acrylic) Pile-lined hood, domed patch front pockets and storm cuffs. In Navy, Black or Green with co-ordinated stripes. Sizes: S.M.LXL. 100% Acrylic Kriit Toques YourChokM Each 1.97 F) An excellent buy, featuring two layers of 100% Acrylic Knit for warmth. Two styles to choose from. One is Red and White with a Canadian Flag and one point; the other is Red and Navy with a Maple Leaf and four points. Quality Snowmobile Boots G) Warm Snowmobile boots for men feature Nylon uppers with a draw-string to keep out snow and cold. Extra protection and convenience is assured with a front zipper closing. Leather strap and heavy-duty sole. Colour: Black with Yellow stripes. Sizes: Men, 7 to 12. Pair 15.97 SIGN SUGAR PACT SEOUL (CP) A five-year agreement for Che sale of at least 980.000 tons of Australian bulk raw sugar to Sooth Korea was aimoonced by Rex Patter- son, Australian minister for northern development. Deliv- eries will begin in 1975. PAWWf W STOKES WE RESERVE THE RIGHT TO LIMIT QUANTITIES 202S Mffor Magi aft) Monctaft Timdcjr A Wcdmwtajr le MO pjn. Ttwrwter ft Friday 930 am to pm ;