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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 16, 1974, Lethbridge, Alberta Monday, September 16, 1974 THE LETHBRIDGE HERALD Japanese economy grinding to halt TOKYO (Reuter) For the first time since the Second World War, Japanese economic growth is grinding to a halt This year experts foresee a zero or even minus growth Factors pushing tne economy towards stagnation are low economic growth and steep increases in prices The two have been at work since before the oil crisis last winter A sharp increase in crude oil prices by the Organization for Petroleum Exporting Countries (OPEC) has hit the economy Japan depends on the Middle East for about 80 per cent of its petroleum for energy and to use as raw material for petrochemical production Japan's real economic growth for the second quarter of 1974 was 0 6 per cent over the first quarter, a decline of 4 7 per cent In making the an- nouncement, the Economic Planning Agency forecasts that the economic growth for both calendar and fiscal 1974 will be at 01 below zero This will be in sharp contrast to an average of 10- per-cent real growth which lasted until the end of 1973 Auto plan deficit in millions VANCOUVER (CP) The Insurance Corp of British Columbia says it may have budgeted for a loss for autoplan m 1975 but refus- ed to confirm figures showing an operating deficit of 000 for the first five months of the plan When asked if the loss had been budgeted, a spokesman for Norm Bortmck, general manager and vice-president of ICBC, said "perhaps we did at some time in the past, but budgets are forecasts and hat is actually happening is mething other than what the budget figures referred to The spokesman was com- menting on figures released by Social Credit leader Bill Bennett estimating a loss on auto insurance to Feb 28, 1974, of Mr Bennett said autoplan's deficit could run as high as million in the first year and accused Premier Dave Barrett of misrepresenting figures by saying losses would not exceed 5 million The present situation is partly a reaction to the boom the Japanese economy ex- perienced during the 1972-73 period Many economists now believe Japan's refusal to revalue the yen upwards until the last moment was a mis- take, because it caused an ex- cessive flow of dollars into Japan, resulting in .i.ore yen than the national economy was able to absorb LAB ON TOUR TORONTO (CP) A mobile environmental studies laboratory of Gulf Oil Canada Ltd is touring Canada, doing on-the-spot tests and analyses around Gulf's various operations The lab will visit plant sites in Ontario, Varennes, Que and Point Tupper, N S DEATH BIEGLER Passed away ?t Taber on Saturday, September 14, 1974, Anton (Tony) of Taber at the age of 77 years, beloved husband of Mrs Rose Biegler of Taber Prayers will be said at Humphries Funeral Chapel on Tuesday, September 17 at 8 p m Funeral services will be held at Assumption Roman Catholic Church, Grassy Lake on Wednesday, September 18 at 11 am, with Rev Father Don O'Dwyer officiating Interment will follow at Assumption Cemetery, Grassy Lake HUMPHRIES FUNERAL HOME LTD Taber, in charge of arrangements C1960 IN MEMORIAMS WARNOCK In loving memory of Clinton who passed away September 16, 1965 and Garry who passed away April 28, 1968 Treatusre them, Lord, in your garden of rest For when on earth they were one of the best remembered by Les and Joyce Siray, Darrel, Kelvin and Audrey 1859 BEBEK In loving memory of a dear husband, father and grandfather, George Bebek, who passed away Sept 16, 1969 loved and remembered by his wife Julia; children Nick, Mike, Madeline, Andra Millie and their families 1860 CAR E E R S REQUIRED IMMEDIATELY EXPERIENCED APPLY IN PERSON TO ALEXANDRA RESTAURANT 328-SthStrMtS SALES CAREER STEEL We are rapidly growing steel service center that requires a sales person to cover the local Lethbridge and Provincial area. Applicants must have sales experience and a knowledge of the steel industry. Apply in writing including a personal resume to: Gerald W. Varzari, VARSTEEL LTD., P.O. Box 434, Lethbridge, Alberta. WHITE MOTOR CORPORATION Cintr Opiortiiity (Wfctti Fira EqiipMit) A Ternary Serace Representative working with dealer personnel education and work with new products B Tcrmory manager or sates trainee sujwrwsing dealers on an business admtmstraton and sales protriems a substantial salary and all frmge benefits Western Canada location Al JW HI ATM WHITE FARM EQUIPMENT Are you looking for steady work with good pay? Norfab Homes Ltd. A mobile home manufacturer is offering just that. We need capable workers immediately to fill existing vacancies m our production line, previous experience not necessary, however it would be preferred. If you are interested please PERSONNEL MANAGER Norfab Homos Ltd. Box 999, Fort Mcctood, Alberta Phont 234-4431 The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Alton Mines 3 55 Albany Oil 20 Alta East Gas 3 70 Almmex 3 50 Asamera 5 75 Ashland Oil 5 62V4 BP Canada Brenda Mint. 4 30 Cda Southern 1 60 Cdn Export as 1 75 Cdn Homestead 2 45 Cdn Ind Gas 4 50 Cdn Long Island 14 Cdn Superior 27 50 Chieftan Dev 4 00 Dome Pete 20 Dynasty 6 75 Nu Ft Reliance 17 Giant Mascot 75 Gibraltar Mines 5 75 Gramsle 9 00 Grt Plains 39 50 Grt Cdn Oil 5 75 Lochiel Explor 80 Lytton Minerals 1 11 North Cdn OH 2 45 Numac Oil 7 25 PanCdn Pete 7 25 Pan Ocean 6 75 Petrol 1 15 Pinnacle 20 Place Gas Ponder 45 Ranger Oil 13 00 Scurry Ram 19 75 Seibens 6 25 Spooner 20 Total Pete 5 75 Ulster Pete 53 United Canso 6 50 West Pete 2 40 West Decalta 3 40 MISCELLANEOUS INDUSTRIALS Acres Ltd 6 CO Aquitame 16 25 BC Sugar C Pfd 11 00 Block Bros 2 65 Canbra Foods 2 50 Cdn Pac A Pfd 23 50 CdnPaclnv 1200 Carling A Pfd 16 50 Carting B Pfd 1950 Com Capital 1 40 Crest Ind 2 75 Crowsnest Indus 1200 Falcon Copper 7 F M Trust 3 50 Genstar Home Oil A 20 75 Home Oil B 1687% Hud Bay Co 1025 Hud Bay Oil Hugh Russell C Pfd 52 00 Husky Oil 14 50 Husky B Pfd 31 50 Husky Oil E War 4 25 Inter Pipe War 1.10 Inters 1187% Kaiser Res 3 05 Kaiser Res War 1 10 Loblaw C Pfd 21 50 Magnasonics 155 Pacific Pete 14 50 1275 220 225 1800 365 260 48 4200 Pac West Air PeBen Oilfield Ramer Inc Royal Trust Teledyne Trimac Westfield Mm Weston A Pfd Whitepass PIPELINE STOCKS Alta Gas A 9 75 Alta Gas Pfd 56 00 Alta Nat Gas 17 25 Gaz Metro 5 00 Gaz Metro A Pfd 54 00 inland Nat Gas 9 00 N C Gas 9 00 N C B Pfd 16 62% Pacific Gas Trans 7 25 Tr-Cda Pipe 8 62% Tr-Cda A Pfd 47 75 Tr-Cda B Pfd 26 00 Tr-Cda Pipe War 65 West Trans 1500 West Trans War 1 15 CALGARY Acroll 23 Barons Oil 05 N Continental 02 Western Warner 13% VANCOUVER MINES Bathurst Norsemine" 73 Cima Resources 44 Dankoe 2 20 Davenport 35 Lornex 5 25 Northair Mines 1 45 Primer 03% Pyramid 06 Silver Standard 98 Valley Copper 5 30 INDUSTRIALS Key Industries 07 Wardair 1 05 OILS August Petroleum 20 Plains Pete 10 Stampede Int I Res 52 MUTUAL FUNDS All Cdn Compound 460 500 All Cdn Dividend 4 73 514 All Cdn Ventures 215 234 Amer Growth Fund 3 31 3 64 A G F Special 1 63 Cdn Invest Fund 367 402 Eaton Comnwlth 10 74 Eaton Leverage 240 Eaton Int I venture 4 28 Corp Investors 468 514 Corp Invest Stock Fund 3 48 3 82 Dreyfus Fund US 740 8 11 Grouped In Shares 2 38 Growth Equity 454 499 Invest Growth Fund 862 942 Investors Mutual 4 35 4 75 Mutual Accum 475 523 Nat Resources 335 368 NW Cdn 395 434 NW Growth 324 356 Principal Growth 2 91 3 20 Royfund 5 03 5 24 Templeton Growth 624 684 United Accum 333 366 Universal Savings 6 30 6 93 Vanguard 351 3 85 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines D Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbndge Frobex First Maritimes Giant Y K Granduc Hollinger A Hudson Bay Hydra Ex. Iron Bay Iso Jolwt Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen RL Malartic G F Martin McNeely Maclntyre Meta Midnm Intern Mogul NuWest Homes New Athona New Calumet Noranda Northgate Morten Pine Point Placer Dev Pax Exp Quebec Man Hayrack Radtore Rio Algom Roman Corp Shemtt Gordon Steep Rock Sunnmgdate Tek Corp A Texmont United Canso Western Minos WH Copper Mines Wrighl Wmdtall Zenmac A Forest Sugar 36 Valley Ind Cable Ind Power Foods Cellulose O'Keefe Gas Pfd Ind Marconi Vickers Bathurst Gas 42 62% 1 Seagrams Dom Bridge Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil Sid Walker A 22 Oil A Imasca A Nickel Pipe Grp A 1 Intl Douglas A Luarentide A 17 2812ft Massey Ferg McMill Bloed Corp olsons A Cent 18ft Corp Price Co COA 108 310 Simp Sears Steel Can A A Grp A Mtn Pipe Can Pipe Carbide Gas Oil Siscoe INDUSTRIALS Alcan Moo Ind Agra Ind Bell Tel 862% 2475 2250 962% 460 41 12% Can Imperial Montreal NovaScotta Royal Tor Dom BANKS 1025 4650 900 925 1725 1025 825 637% 1625 250 315 255 450 825 1900 275 1150 11 87% 11 12% 2325 2150 1225 2475 3000 2000 775 1375 2000 2275 225 575 3587% 1450 2250 1350 415 3475 16 12% 25 12% 1950 2350 1050 500 1375 430 160 450 480 550 8.50 1187% 22.37% 4025 1550 15 12% 440 900 200 812% 1075 850 1037% 600 7.50 24 87% 850 3150 8.37% 11.25 862% 1800 750 650 265 380 1550 2125 17.25 2012% 11 OO 3125 3000 New. York Arm T Anaconda BeTh Steel Oupont General Int Kenrt Copper Mongomery Ward Sears Exxon Texas GJH Texas Co 4000 WocAwcnTh 16 Westing-bouse dec S 26 US Steel 4087% 1212% GenTelBtec 1775 23 SO TORONTO AVERAGES 10900 20 Industrials 15243 down 72 20 Golds 369 38 up 9.30 10 Metals 64 Si up 27 15 Western Ofls 126 98 18 25 Volume 704 000 15 00 NEW YORK AVERAGES 54 75 20 Industrials 628 75 up 1 96 64 75 20 Rails 127S4 up 73 21.25 IS Ulimies OS 22.00 65 Stocks 191.26 up 54 Volume 8350OIW TSE prices drop in early trading Winnipeg grain TORONTO (CP) Prices were sharply lower in moderate mid-morning trading today The industrial index fell 1 72 to 151 43 and western oils 58 to 12658 Golds rose 104 to 370 32 and base metals 04 to 6458 Volume by lla m was 000 shares compared with shares at the same time Friday Declines outnumbered ad- vances 167 to 73 with 142 issues unchanged Noranda A lost to Moore to Alcan to Imperial Oil A to and Shell Canada Vi to Camflo was down V8 to gained IVz to Campbell Red Lake to and Agmco-Eagle Vt to Sunningdale fell 30 cents to 10, Pan Ocean Vs to and Total Pete to J Harris rose 35 cents to 10 Asamera to and Merland Explorations seven cents to 02 WINNIPEG (CP) Prices continued to slip through mid session today in light activity on the Winnipeg Commodity Exchange Flax and many months of rapeseed declined their respective daily trading limits Barley rye and corn also fell substantially Oats lost as much as 3Vz cents a bushel while feed wheat barely held its own Mid session prices Thunder Bay rapeseed Oct 20 lower 832A Nov 131ower823A Dec seven lower 8 May unchanged 8 OOA Vancouver Rapeseed Sept 18 lower 8 41A Nov 20 lower 8 33A Jan 20 lower 8 26A Mar 20 lower 8 18A Flax Oct 30 lower 11 55A Nov 30 lower 11 32A Dec 30 lower 11 ISA May 30 lower 10 86A Feed wheat Oct unchanged 401V4A Dec V2lower397A May and July not open Corn Dec five lower 366A Mar six lower 3 73A May six lower 3 79A July 7% lower 3 85A Barley Oct 6V, lower 2 91HB Dec six lower 2 85VzB May 5% lower 2 92VzB July Vn lower 3 02A Oats Oct lower 1 96A Dec 3% lower 1 88 May two lower 1 94A July not open Rye Oct nine lower 2 Dec 8Vz lower May 7'A lower 2 July one lower 2 48A Livestock Calgary Market trends MONTREAL (CP) Prices were lower in light trading on the Montreal Stock Exchange today While papers rose 09 to 95 56 in dustnals fell 1 49 to 162 39 banks 1 45 to 197 52 the composite 1 43 to 156 13 and utilities 1 17 to 111 33 Q S P Ltd fell 2 to Monenco 3j to Imperial Oil class A 5s to Interprouncial Pipe Line 5A to Consolidated Bathurst '2 to Shell Canada'4 to Bank of Montreal to and International Nickel class A Webb and Knanp rose 2 to and Domtar Vi to VANCOUVER (CP) Prices were down in light trading on the Vancouver Stock Exchange today Volume in the first hour 43 411 shares In the industrials Integrated Wood Aas unchanged at 90 on 1 000 shares In the mines Barrier Reef was down 05 at 75 on 13 050 shares In the oils Stampede was up 01 at 53 on 4 750 shares NEW YORK (API The stock market regained its balance a( least for the moment today with a mixed showing in active trading The noon Dow Jones average of 30 in- dustrials was up 1 22 at 628 91 although declining issues clung to an over all 3-to-2 edge on gainers at the New York Stock Exchange CALUARY (CP) Receipts to 11 a m Monday from the Calgary public stockyards totalled 200 head all slaughter cattle Trade was moderate ly active Therp were insufficient slaughter steers or heifers sold earh to establish quotations Cows were higher Bulls were steads Cows Dl D2 2224 D3 20-22 04 1520 Bulls good 2528 There were no replacement cattle or stock calves on offer No hogs were sold to J1 a m Dollar value MONTREAL (CP) -US dollar in terms of Canadian funds at noon was up 2 25 at 98 4 5 Pound sterling was up 43 100 at 28 57 100 In New York the Canadian dollar was down 2 25 at SI 01 11 50 Pound sterling was up '4 at Jl 7 20 Hog prices EDMONTON (CP) Prices to 11 a m Monday provided by the Alberta Hog Producers Marketing Board Friday s prices in brackets Edmonton 5110 (51 00) Calgary 51 05 (51 01) Hogs sold to 11 a m 535 Hogs sold Friday 337 average 51 00 Sows average 29 50 Currencies MONTREAL (CP) Monday s mid day foreign exchange selling rates supplied by the Bank of Montreal Bermuda dollar 1 01 France franc 2100 Germany mark .3760 Switzerland franc 3335 United States dollar 9895 United Kingdom pound 2 3100 USSR ruble 1 3021 Quotations in Canadian funds The Future Home of THE BOLT SUPPLY HOUSE NOW LEASING Bay sizes from Square Feet WHOLESALE WAREHOUSE COMMERCIAL OFFICES SHOPS Call 328-1705 24 Hours Now! The Cat D3 62 hp crawler tractor. Get Caterpillar quality and features working for you... get the Cat D3 crawler. It's the right size for your job. Check it out! 62 FWHP. ob. operating weight. Power angling and tilt blade. Sealed undercarriage. Full power shift transmission. Pedal steering. AVAILABLE OPTIONS: Ripper 1 to 5 Shanks, hinge type with wide carriage for working close to walls, etc. 10" penetration. Straight blade 95" power tilt, low maintenance. Outside mounted. Excellent for productive volume dozing. R. ANGUS GENERAL OFFICE P.O BOX 2405.16900 107 AVENUE, EDMONTON. ALBERTA TSJ 2S1 PHONE 484-0601 Nine Operations servicing Atberte and Northwest Territories ;