Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 10, 1973, Winnipeg, Manitoba Winnipeg free press. Tuesday july 10, 1973 Toronto . Stocks distributed by up Toronto Slock Exchange july 10 quotations in cents unless marked 2-Odd lot cd us div lend Rex re tits Rel nos. Nil cd mice is from previous Board lot clo Iii cd Solo. Net Stock High Low . Cd go a Alt lbs love Loval a Ackland 900 511 11 n Acme Gas 6000 1 lol a Lovi 2 acres Ltd 160 13 13 200 375 375 375 Atonic e 1365u sols 540 m Ayra ind 650 i0 3 10j.i i Sakdl Ocllo 220 128 128 128 Albany 600 118 11? no Alt East g 2100 Alta Gils a 3320 5121 Toronto Stock quotations Alta Nat Alcan Ai can or also cont Alroma St Al Jonq or Aii Arco do Alliance q Alpa incl Alum 4v? p 200 536 Anglo car 300 Ang Ruyn -1500 130 Ang u Dev 1100 137 20 Block sates High Low . Cd go z ind Gas 200 i in i cil 2 5 i3w 13v2 c inc guru 1300 350 325 325 i 15 c Malfait 6000 21 21 21 1 c Marton 700 380 380 3eo 5 c of dental 1200 so u Ion i up inc or 625 27 i up inv w 3u5 200 195 200 i 5 Tel lid 24110 sum Wal 171 Chi. A p 1114 Slova m2 i c Reserve 2950 485 -155 455 Aquitaine 2760 to 21u 21vu Arras 260 p 125 33ve 33va Arin orc 1500 10 9 q Samera 2000 two 850 Eio is Asbestos 15-1 is i soc pore zm2 96 95 95 Atco ind 200 ill s ill u i Aulo hard 720 11 11 1500 110 110 110 500 s15 4 153s a a 800 610 610 610 -1011 s17 a 175 u 177b 6120 s323i 32 32 i 4 Ujj 250 si6500 sio1i i can sup 0 500 in son 50 ii can tire 300 52va can Tiro a 3372 552 -1 5? 4 i c a iltis 1020 Szija a t c util s1.25 zoo ?5l a 25c util w 200 390 390 390 300 515 15 15 z25 890 090 890 Iso Cupit div 2200 38 37 37 550 85b 8ve z30 Lola a 103b 500 465 465 465 5 300 .100 395 395 5 500 120 120 120 z84 so a 7v a 100 400 -100 .100 2975 330 320 330 c 9eooo 2.iv 2 23 .16 Avora m had boy ban Keno Bank i Bank b can Nat Baton b _., _., Boll Canad 5505 s4v Bell a or 990 s45 Bell b or .10 s a Betlem 2600 Sis in Hawk 6200 71 Black p 4co bid Wod a 100 s6 Block Bros 2850 265 Bomar 200 s6 Bonanza t so 170 bunty 65 Bow Valy 1650 529 by can 6122 Brazlor res 900 220 215 220 5 drama Lea 850 j30 430 Rascan 1995 so sub 181.? in i Brenda m 2950 590 570 585 -i-25 bring a 600 495 495 5 by Frest p so 33 by sugar 520 si9 .2 a i 19 i v by Pilot la 160 s5pn 51 a a Mph 4v. P 100 ss7 .8 57 u 57 a u a Mph 1956 175 Ssali i 58tt a Mph 4.84 76i s16 16 16 a Coli 53. I p 25 71 Vij 71 c Vickers Anndel Oil can Ron c cacti a celanese cent Par a fun charter 01 Chemaly Chesil 23 170 60 Bop 7.04 p Broil r Bruns k Bud Daulo Budd a w cad Dev cae ind Cal pow Cal p 7 p Calvert Cambridge Campfi Cam Chib Camp Al Tan con 25 3000 .13 5350 475 150 z15 825 025 b25 c 200 a 100 Ico s2-l 350 23000 21 800 Elji 10385 975 4000 655 170 1085 l 569 h 835 650 23.3 475 id 4 s 2.11 4 i a 102 of 2 21 i4vb 885 665 65 110 19 Chib a 19500 Chib m 1000 50 50 Chile fan d 1000 990 975 Chiron 200 130 130 Chrysler 1750 24 chum 200 s8w b1 old can 100 4io 450 Coch will 1700 113 Coin Lake 1500 21 cold St ?67 350 Coles Book 1990 s3 Compro 500 390 comb met 3500 22 com incr 3320 s30 comic up 700 3-10 co Nutel 1700 6 co tech 100 390 390 conduits 1600 Isi 490 Conn chm 600 56va 6vi con Iagas ?500 105 104 104 Conn Bath 2220 s22 22 22 con Bali p 100 1934 22 50 975 130 in 24nh i 450 110 21 310 8 390 390 21 293 s 30 340 340 390 c Bath w 400 825 con Bullig 1000 275 con Fardy 500 52 c Durham 7200 8 con Negus 4000 3 con Nichol 5000 7 c rambler 900 365 c Rex Sony Fiovo 23 con disturb 79r5 521 cons Gas is 53 cop Fields 2.100 us Corby it 200 Cornat ind 1500 355 Cosen r 1500 290 or get 10750 695 825 275 52 67 360 23 202 20 a i 1-j54 i Crest Bra Tref crush into cygnus a cygnus b can mall 500 c nor we of 750 705 c Parr c 880 can Perm 3500 Sib 10 if c Safeway p 50 b2 is Petg 73co 375 370 370 is Pele 2500 49.3 c tune Isoo ibo Iso ctn brew 6115 405 400 so c or inv a s2.l b 2-1 b 2j c 04 Mvi i c Cabin 900 265 265 265 can cd 7506 455 sex too 310 310 co Sec a 300 15 15 c hot eld 2000 625 615 a90 c Hyde hoc j c a b 10690 s29jfl 28 Dale a Dalmy a Decca r Deer h d Eldona Denison Dicknson discovery 1000 s3 900 s27 900 720 756 d 706 21 355 290 695 c 15 8 i c 27 3h be 73-4 300 9-ib 2740 625 415 615 21000 655 9- i .19 2700 1450 -110 700 125 Distl sea 3250 Doman i Uoo ?9 dome 214 i i Dom Pete 6r15 530 d Citrus 100 Donasco 2067 p dem store d to lie 34 34 390 390 123 123 39i 40 3 2 a --10 3 Stock sales High Low . Cd go Lirie d a 100 190 190 190 5 Fairview 200 Falcon c 6450 13 Falcon 2552 70j.4 he i Mer 300 wife ind Ltd 2300 a fed Pion p 40 93 Fields s 1150 17s0 f City f it 100 .175 475 475 f mar 20ho 50 53 50 food cd s 450 6 Francana 1000 870 870 870 Fraser 100 22 22 Frobos 3550 30 23 29 Fruehauf 100 Sll i 11 a 11 i v go steel 150 i gait my irn 100 6 u 65a-i v Gnu 5.40 p z5 63 63 gun Mann 5100 is i 53.4 Gen disturb 500 13va Igaac z.1 Gerin 1st p 500 9w Gen Star l 400 so Stu 15 15 get Masc 1300 290 270 290 giant Yak 300 910 910 910 Gibraltar 9748 sch 14v a 14 a Glendale 200 9 9 Gold Crost 800 5535 53.i Godlund m 1240 214 ?10 21q Goodyer 10 s237 237 237 Gozlan Loo s7% 7% i a Granduc 100 335 335 335 go Nickl 600 330 go paper 200 s21w go Power 250 529 29 20 in capital 200 a Jet n i 71% if or Plains ?00 s273 97vi 273 3 it w life Zio 6m 60va it West s 2200 s5 5 5 g West it 100 155 155 155 Green a l 200 370 370 370 Grey and c 200 100 100 100 Grey and 200 18% 18ft v Juar test 100 s12 a w i jul can 3930 s35 343.h Ham Liro c 1025 so i lard up 4200 115 110 110 5 h group 200 j73.b 73 8 i lard Carp hard cup a 200 1000 13 131 i 1550 to 140 140 900 190 175 190 400 47 a 317 4. Of Louston 0 766 325 315 325 nets 4050 Bay co Jib Oil 87a? 473 n we Luann Teri 170 s27 i ill sky Oil 47r5 Iti by d it 550 it 3ro Bra 8ro Eho Lyden re 500 .16 lid Ino 405 405 5 a 13700 s17u a w 700 520 of 610 con 200 405 405 405 Rno Oil 9649 a in is 210 31 31 31 can 300 193 4 in Lis 100 sir in in Inland Gas 1100 Sio s if ii inter City Lofin is i 5 i inter c a it w. 30- 301 203 435 435 435 5 ribs t 30oo Slock sales High Low . Cd g Korr add 1600 Solhi Al rom 10000 4 4 it mining 2000 9 9 Kufe Lwi in Labatt 600 Labatt or 160 527a 4 27vi Bdl Man 100 43 43 v Laidlaw m 400 11 it Lailda b p 100 104u i v l head 30000 12 1 12 i v Long Cem 200 335 335 335 5 l Shore 500 315 315 315 5 Lasiter pm 1200 110 110 110 5 Laura Sec 955 s3 73i 8 v Lau Fin 1650 v Leigh inst 265 la Lac zoo 220 220 220 100 8vi v living w 150 475 475 475 lob co a lob co q 600 v lob co or 210 28% lob g b or 140 519% a Lochiel 500 208 208 208 Loeb m 900 485 185 485 5 loss River 1800 490 480 490 Lytton m 800 190 ibs ibs m 0 a clan h a 337 13 13 my Cabla 110 my Ltd 1144.1 28 28% v Madeline 2600 435 415 430 Mdden 3600 165 155 155 Magna int 210 v a Agabon 100 8 8 v Macon Els 1600 75 75 75 Maher or z30 s7va 7vt Maislin i 100 Man bar 500 55 55 m i f card 25 of Mills z25 17? m l Mills p 50 089 89 8 maritime Marlboro Marke f Martin mass Fer match Matt gel me Adam 130 s193 4 1934 Soo s10y, 750 7sii 14500 43 39 3291 s1938 i 13500 14 14 1200 s33 33 33 i 34 34 ism int Moi jul Inco j int in div in Pino or a Mcgraw h 400 465 me Intro 100 so 50 Mclaghlin 750 s18vs Iva 18va ads hello 210 385 385 385 Mentor 900 116 115 116 Mercantel 2550 22ft 23 v Terland e 1100 225 221 225 --5 Meta Uran 6000 18 16vj 17 1 met stores 302 17-u met str 67 p 238 18 in me Trust 60 25v i 25va mex up or 250 Misc 800 26 26 Misc of 2321 150 145 145 Micro syst 325 a i Crays w 300 410 400 410 mid con 3500 70 70 Molson a 53 26i it Aon inv 100 it Monarc w 200 365 365 365 5 Montreys 1000 50 50 50 Moore 3555 551% 51 site 1 Morse a 900 s14 14 14 is its inter 61 58 Murritt p 700 245 235 235 nachos i 900 Nat sea a 300 s143.1 14va we Tel 328 u 14 nub mine 2800 240 740 940 Dover ind Dupont r5 1 5 1767 7215 s20v 71 so 20 293 400 281 4100 860 850 1005 445 to 310 275 270 100 17 Eddy Mich 235 25 electro k 100 250 250 electro Ltd 678 13? Erie d 550 375 375 5 East Mai 10 East s j econ in1 .111 ind 7117 i we toil if j i Flor Ock 1.191 Jannoli a 17 b 31 j in Nick 6 n Lorix Ltd 1000 Kaisor re 1750 295 Kolia 1030 to Tran 1800 3a keep rite b 375 Kelly d a 100 Neonen 1500 330 juju 3po 301 5 new ath 500 17 17 new Cal 3000 2fi 26 a new con Jod 510 510 510 5 fld up 300 cd i n Guvo 18000 18 in Noble m 500 128 128 128 i 3 Noranda 1493 is Obj 50 i Nobraska 1000 17v? 7 North at 600 540 535 535 nor pm g 655 9v? 9vs Norlex e see list below. N Oue rail 300 480 485 or of 150 p 1805 s223fj 22 a Linco or .100 393.4 4 no 19025 800 775 600 n Rock 5900 24 22 24 2 Ned min 2000 55 54 55 sumac -100 15 h no Vleit d 375 new frn 1000 215 210 210 Oakwood p 300 190 190 190 Oberlen 6400 95 93 9- 1 code nil it 1800 Sattva 814 Vul l ocelot incl 900 465 455 465 w 70i j. 713 m 79n 5 Siv a a 6b 110 Juchun Orlando r of ind Oshawa a 2200 Oshawa w 1100 700 500 500 100 300 s8 73.4 it 9ve v4 60 60 p Pac Pete 5460 1 pour 4b150 625 615 625 pan cd nor 2133 256 255 256 1 pan Ocean 8272 12va h pan can p 1225 13 13 Aragon 200 250 250 250 Alo 1200 810 835 635 -65 Aulon 200 450 445 445 e Ben 0 3250 734 73.1 Peerless 300 934 Deal s 950 it pesto oils 5400 500 485 500 Phillips p z12 pick Crow 1335 40 40 40 Pine Point 7b5 4214 54 Pinnacle p 500 22 21 Pilot eng c 450 Sio a 10v1 a place g 1600 62 62 Placer 4035 28 pow corp 200 i a Prado exp look 160 160 160 4 Preston 1800 12 a Price com 273 513% Puma p w 1500 40 40 40 pure Silv 1900 190 185 190 5 Qsar pet 100 so 10 10 q mat Liml 3000 60 56 56 que Sturg 3725 390 360 360 que answer 500 440 430 430 radio re 2300 30 30 30 1000 260 255 255 u 2600 s303.4 303j As 575 i a 500 143 143 143 7 ram rapid data Ray Rock Reichhold Reich it Reid Litho Reitman Rembrandt Rov Clatk Rio alg Ripley int r Little Roll and roman Ronald cd 200 16o 100 850 850 850 219 38va 40 100 1hs i a 630 731 8 i i 9315 a 15714 17vt 100 1200 395 395 395 5 100 a 950 820 770 820 100 21v2 soya Bank 2275 Oyal test 1180 say Vetle 400 400 400 Schneid b p 175 131, skin Rex 100 130 130 Scot York 125 335 335 Scot Lanai 1700 280 275 Scotts Scurry in Seco Cem Selkirk a Shell can Sherritt Shully s a Rubens Sifton pro Jill my solve red a Simpsons Simpson s Sklar m Sklar w Ikye res 100 200 s16v- lai200 s10v j20 2360 s18 3350 100 205 725 33 .4 2? 22 400 5 13 4 130 335 5 275 v 16 .4 14 1014 143.4 15 1-4 17 i 18 4 a 205 205 13 1334 n 63s Stock salts High Low . Total pet 200 680 680 680 traders a 2345 16 16% i trader 66 w 220 520 520 520 trn Salow boo 100 100 100 to can pm 3060 31 to con i p 508 3wt i 4 Tran c or 325 Wivi 41 to to can res 800 139 135 139 2 trans it m w 20 20 tribal 10500 51 50 51 i to Mac 200 1qw Triec cup 1000 20 20 Triec w 500 48 48 48 Ulster pet 2200 95 94 in Carold Iso 15vu 155a in Gan 2200 311 10v i u mining 500 37 37 37 Union Oil 100 15 15 u Asb Eslo 233 250 250 250 u can 26550 795 775 7ftn 300 15 26683 500 440 460 800 700 700 700 100 25s 255 255 200 u corp b u mind u Siscoe in tire in Trust Upp can Van versatile voyager p 5 a 285 275 285 285 100 91 91 175 500 545 540 540 Vulcan ind 600 in. 511 Ajax 700 i walk go 4755 52 52 Wai Repkp 500 220 220 220 weco Dev 70s Loo 100 100 -10 Weld Wod 150 Isi a 15 i slates a Seburne 224 100 100 200 la. 100 wines Choice of Tawny port or Muscatel Slock sol cd High Low . Cage Burn it to 725 725 7j5 -35 coast i 700 lift it in w pot a p 210 23 3 a Csc so 1800 Sibb 18 18 a coast w 1000 345 340 is West mall 300 5v, it we recast 400 12m, w can sed 55 an 490 -10 w Denalta 500 520 510 510 5 Wesl Mono 2600 305 595 Westfield 1000 112 112 600 521% 21 Weston while Pas while a Willco Wiley Oil Wood Alex 1500 410 Wood 12600 200 520 20 1000 17 17 1350 7 5000 21 m 410 47 305 112 21 m 20 v. 17 a 50 i 410 -15 47 Yukon c Zellers Zon Mac sales High us . Wooded a z92 Yak Bear 300 345 340 345 200 175 175 175 125 "80 12 Trust units by run 2350 i4v4 1jh Heltman u 8822 9y4 Lof h to rat in 1854 32vi primary distribution the shares of the following Compa Lii considered As being in primary distribution through the facilities of Thi Exchange pursuant to a statement of material fact. E previously issued shares. Norlex e 2500 24 22 22 47 2 sales to noon British reverse trend now buying . Firms by feel Coleman Oriental navigation of Britain 1 in i n in Alimia Cinn London Cap buy american Lias a new meaning hese Days. The stakes Are no longer the Sale of United states goods. Europeans particularly the British Are trying to buy entire companies. 4 b 3000 400 s1234 123.4 1234 2350 83.4 834 890 s12 12 12 1200 s63-j 63.4 63.4 to 200 480 475 475 5 1000 390 390 390 staler b or 100 15 .4 a Slater 6 or 125 si6 16 16 "4 Seal w can 600 s12v4 12 12 i i Southam Iso Par Aero 1000 350 345 350 Belco 3535 i Steep r 635 155 155 155 1 Lei neg a 210 233, Tei Elron 300 a Trathen a 200 250 250 250 Urt cont 4500 42 41 i 1 Ullin 16000 275 260 275 -1-15 Andale o 500 665 665 665 systems d 415 s15v4 Uta 15v4 Ramblyn 100 Ila 18va 14 a 1500 sis315 Eck Cor a 600 410 400 400 5 cock Cor b 500 400 390 400 5 ele Cap 1000 so 10 exact 330 60 4 34 Mia self 49.15 s21-vb 2m.4 3500 15 15 15 i my 500 s121a 123s 123.b Horn n or 25 49 49 a one Craft 100 or mex m 4200 150 150 150 or Mont 1800 260 260 260 or do by 1109 s313.4 313.b 3p.4 a or Star b ?70 20 20 some europeans say that for of the Jast 10 years the . Dollar was Over valued allowing americans to acquire european businesses cheaply. Now they believe the shoo is on the other foot. Dollar devaluations of 8.58 per cent in december 1971, and 10 per cent last february have Given european Curren cies More buying Power in the . One result has been a re cent and sudden wave of take Tor about million. The american Zapata corp. Is engaged mainly in offshore drilling for Gas and Oil and in International shipping. Businessmen Are Quick Point out that a takeover bid is a Long Way from a takeover. A Host of Legal and regulatory roadblocks could thwart foreign ambitions. Barclay s Bank of Britain Tor example was stopped by the new York state banking authority from taking Over the Long Island Trust co. Liquigan of Italy faces a Tough Road ahead in its Effort to take control of Ronson corp. For million. For one thing Honson runs a helicopter taxi and . Aviation Law Over bids. British financiers appear to be heading the pack. A foreign company in one Day last monday doing this was disclosed that t Lloyds of London Jill i i Ironi agreed in principle to acquire 99.5 per cent of first Western Ink and Trust of California nil world airways for million. Brown and Williamson an american subsidiary of British and american tobacco offered More than million for Gimbal Brothers inc., the department store Chain. Zapata corp. Said it is Jotia Ting tie Sale of a 50-pcr cent interest in its bulk ship Ping services to Peninsula and also american firms went through their own Domestic takeover Battles in the 1960s and developed defensive skills yet despite he risks and the threat of rebuffs foreign firms arc clearly keeping a closer Eye on the . Market. Devaluation is Only one reason. Another is the depressed slate of the . Stock Market. Blue Chip american companies Are Selling at what look like bargain rates to Many Europe ans. General motors for exam ple is Selling at Only eight limes earnings. In High flying Days europeans were paying 20 to 30 times earnings for american shares. To Many european investors . Stocks Are a potential pain to takeover bids. The stocks look cheap. They can be bought with currencies that now Are Worth More in the . Thanks to devaluation. And they May solve a third problem Trade. Europeans and he japanese arc both concerned that protectionist sentiment May gain they can now foreign bids. Use against my comment the revival of Ilie Dollar abroad responsible fur i late Slock Market rally monday tucs Duy. However volume was Light in the Slock Market rally and brokers warn thai a relapse of the Dollar could discourage Hie limited in some de pressed . The Dollar recovery re to rumours that the u 11 i led states will Lake moves to support the Dollar on to r f i g n where it Lias been rapidly in re Cal weeks. As usual the Federal Reserve Board has declined to com Mon on ils policy concern Dollar support. The administration Lias discouraged the rumours of sup port. But the rumours per Sist. At Basel Switzerland w h e r e european Central Bankers held a weekend m e e t i n g some informed sources say Ilie . In or pc lion will begin tuesday. Nil other reports bold i hat intervention has a 1 r c a d y begun. Brokers say the Dollar s revival has inspired Iii ii. Securities buying because Ilie threat of an in riia Lional monetary collapse has eased. They also say firming of Ilie Dollar indicates thai the Lack of Confidence in the administration s governing ability following Hie watergate affair is letting up. Also help ing the Dollar alunday was administration reassurance that in the . Trade position will come apparel soon. While a number of Ana Lysis feel the Market built up f o r w a r d momentum monday they question whether significant buying will result. They Point out that Many investors arc holding Lack while awaiting details of economic phase four expected soon the flow of second Quarter earnings reports to begin in a few Days and the resumption of watergate committee hearings tues Day. Any of these factors c o u i d become a Strong Market influence analysis say. Brokers also Nole that buying monday was partly protective. They attribute strength in Glamor issues especially to Short covering or buying of shares to re place those borrowed and sold earlier. Investors Iii Sallly take Short positions in Auti ipalion of making a profit on a mar Ket decline. Their Short covering indicates in Ore uneasiness than Confidence of a gain analysts say. The How Jones Industrial average advanced strongly in the last hour of trading monday. U turned a mid session gain of about two Points into a jump of 7.15 Points closing at 877.2c. However volume totalled Only shares and gaining issues led dec liners moderately. Brokers add that while the Market appears to be responding to the Dollar s revival More significant factors arc Likely to control its Long term moves. One of the most important fac tors is the fight against inflation they say. They add that investor reaction to phase four could Sci Hie Market course soon. Arabs reject plan Cairo i Euler finance minister of eight Arab Oil pro glueing countries rejected a suggestion for International penal ties on countries which consistently Liu ild up surplus Money who called sunday s meet Iii said current . Amounted to Plain proposals guard i a h i p on aral deposits abroad. Tie said the Arab surplus by 1980 is expected to Range be tween billion and 3100 Bil rt1 serves Necla Riny that the world monetary system is based on lion. The free movement of capital i i f the i 1 lie eight finance from Egypt saudi Arabia Libya Algeria Kuwait Iraq Qatar and the United Arab emirates asked Riad to form a special committee to study the the ministers said res frictions proposed by the United states would harm both the Money system and the states with the surpluses. Proposals for world Claude Bennett Ontario minis Ter of Industry ind tourism sits in the of .1 motor Home he using for a four of 153 communities in on Hirtio this week. The vehicle serves As Home office and meeting place on the tour which is to promote development of tourism and Industry. Voltaic o reduced new York a the new York Power Pool ordered a five per a Cal voltage Cul Hie Siulc monday As inn id u sent the demand for Leol Rocity the consolidated Edison co. Hen made Ihu till at . As the Manhattan temperature hit s7 decrees. It was the third Cut of the season. Voltage was Eul. I fit per cent june 4 and five per cent june 5 when temperatures in Iho is brought record de mands for elect Sicily through out the Northeast. Mone tary Reform presented to the International monetary fund if in Washington last sep tember by . Treasury Sec Clary George shall a included i suggestions for limiting the a j cumulation of Money reserves by states. Nations running persistent bal Alicc of pay cols surpluses might lose be right to convert t h o i r reserves when they j passed a certain ceiling so Iulla said. I his list of possible sanctions to ensure that countries would conform to a new International monetary regime included import surcharges and limited duration controls on the free How of Money Between coun tries. T h e Arab league so Etc Lary go neral. Mali Moud did Calls link boost to . Vancouver up Hie president of Westcoast transmission co. Said Here the close association be tween his company and Pacific Petroleum of Cal Gary benefited 111" Economy of British Colum Bia More than in has the companies. Edwin Phillips testifying the . Energy commis Sion s Public inquiry into the natural Gas Industry said Pacific Petroleum owns 23 per cent of the common shares of West coast which gives it a measure of or. Phillips said Pacific Petroleum a s producer and supplier of 29 per cent of the Gas bought by West coast negotiates Gas sales at s length lie said thu Only substantial con Nee Liou Between the two companies was a common chairman and chief executive officer Kelly Gibson of Calgary. Question of Arab deposits How to protect them from monetary crises. Tax break taken away Edmonton c f Calgary Tower lid., a privately owned Lilily serv ing most of the will no longer be allowed to claim ils deferred in come taxes As expenses the Alberta Public utilities Board ruled Here. The company had been allowed to deduct ils deferred lacs which were nol paid As a company expense in computing Over All financial picture on which rates would be based. Miles n. Patterson chairman of the Uli lilies Hoard said Calgary Power now must list As expenses Only those taxes it actually pays in any Given year. Ground in the ., resulting in new Trade barriers against foreign goods. One Way around that is to buy . Companies and produce Iacre. This saves jobs in the ., making labor unions there Happy but the profits go abroad. Even if the current wave of takeover bids proves Imp Racli Cal foreign firms May still de cide it makes sense to build their own production plants in the . This too is already happen ing encouraged by governors of several slates who have made european trips in recent m o n i h s trying to induce foreign firms to locale in their states. Mich Liu the French tire maker is an example in this category. The company which has plants in Gran Lon and Bridge water n.s., took As per cent of j the . Radial tire Market last year with sales of about million. Akron. Ohio the Iradi Rioual . Tire making Centre was alarmed enough to Slart pressing Washington for re so rails of the French tire exports. To get around this threat Michelin now is planning to build two plants of its own in South Carolina for million. Bid and asked 0 r e h industries l.ld., 28 weeks ended Hay 12 1073, 55 cents a share 1972 -10 cents. 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