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Chysler lays off more

WINDSOR, Ont. (cP) =
Chrysler Canada’ Lid.

_ mownced o further layoff o of

960 workers Wednesday, a
move that Jed union
to call

of Canada’s third-largest
auto maker,
The layoffs from the ¢om-
pany’s engine plant. bring to
1,340. the number of workera
diamissed by Chryaler since.

“In ‘addition, 2,200 workers
at the van plant, who have
heen off the job since June

Chrysler blames the
layoff on the high cost of
gasoline and gas shortages
in the U.S. which has led to
severe drops in sales of mid
and: standard-size cara and
vans. .

The breeds at the
engine plant, produces
the large 360-cubic-inch V-8
engines, reduces. em-
Ployment there to about 600
‘workers from a peak of 2,200
on Jan. 1. Chrysler lald off
850 engine plant workers in
May and followed up with
another 110 workers in June.
Total layoffs at the engine
plant now have reached

1,60,
engine plant
on resumes Aug, 27,:

’ the dally rate will be 350,

When the plant closed July 9,
the daily production rate was

1.000. .
As of. mid-July, Chrysler

hed 14 400 workers in
Canada. Of \ these;
were employed in Wridsor.

The layoffs bring into

focus the worst fears cof th the
United Auto.

12,725.

fotkers. ‘which .

has that a
amaller er engine be added to
the Windsor facility. because

of the gloomy future of the V-

8 enginta.
“My good Lord," aaid Ken
gear te ae ton

government, or

doesn't make the cor-” mada to

poration put a smaller
engine Into that plant we're
going to face more of this for
a long time to come. ”
‘Robert White, UAW
Canadian director, rent a
telegram to the company
requesting a meeting to
discuss the future of Chrys-
ler’s Canadian * operations.
Gerard confirmed there

_ has been no response from

the company yet.
Wednesday's Layoffs at the
engine plant Include 948
production ant skilied trades
poraomuel. They eame on the
y came on the
heels of lag week ‘3 an-
nouncement y the
corporation in Dero tet
about 5,000 white collar
‘workers would be trimmed
from the U.S. payroll.
Meanwhile, about 5,000
workers returned to their
jobe this week at the car
after being

claiming
last few days that thelr
operations have not been as

_ severely hit as those of the
t. corporation, which

. While Chrytles. tales..in

; Canada have been down; the
Company still has managed

Bie gyn

EARNINGS |

‘whether the

Bow Valley Industries
Léd., six months ended June
30: 1870, $4,475,000, 42 conta a
share; 1978, $7,118,000, 76
cents.

Canadian Hidrogas

s Ltd, nine months
ended May 31; 1979, $637,606,
21.8 cents a share; 1978,
$242,615, 11.8 conts,

Canadian Merrill Lid,, six

" months ended June 90: 1979,

$1,-191,000; 48 'cents a ‘share:
1978, $845,000, 31 centa.

Canadian Superior :Oll
Led., elx months ended June
36: 1979, $40,346,006, $4.39 0
share: 1978, §28,694,60¢,
8.4,

Electrohome Ltd., 26
weeks ended June 29: 1979,
$1,069,000, 35 cents a share;
1978, $788,000, loss.

Majestic Wiley Con-
tractors Ltd., six months
ended June 30; 1979, $937,000,
lous, no share figure; 1978,
$1,069,000, 13 centa.

‘Molnon Cos, Ltd., three
months ended June 90: 1979,
$15,469,000, $1.12 a share;
1978, $13,005,000 $1.

Northgate Explorations
"1ad., alx monthe ended June
30:1976, $5,277,000, 77 cents a
share; 1978, $565,000, elght
ents.

Redlaw Industries Inc.,

nine months ended June 30:
1979, $157,000, loss, six cents
a share; 1878, $499,000, 18
cents,

Revenue Properties Co.

Lid., three months ended
June 3: 1878, $45,000, loss,
#5 cents ma share; 1978,
$583,000, 4.1 cents.

Surpass. Chemical Lid.,
three months ended June 50:

1979, $554,621, 72.5 “Gente a
‘share: 1978, $488,699, 60

cents.

Travelways Lid., six
months ended June 30: 1979,
$1,591,000, $1.76 o share;
1078, $1,386,447, 14,

to hold on to its traditional 18
per cent of the market.
Meanwhile, Bob de Catret,;
federal economic
development minister, will
meet Curysler officials in
Windsor in a few days to
discuss confidential
proposals the the company has

He refused to give detalls,
saying only that Chrysler's
altuation demanded the
urgent attention of Ottawa.

For its part, Chrysler.
claims it has not asked for
financial. assistance but has
also declined to discuss the

nature of its proposals to de
‘ , Cotret.

Remarks denied

TORONTO (CP)-— Don,
Blenkarn, a Progressive
Conservative MP, says his |
remarks that Indians ‘be ;
given their own nation have
been taken out of context and |
have led to a_ mis-
understanding.

Theremarks by the MP for
Mississauga South riding,
just west of Toronto, were
made to ao hao
president o e Natio
Indian Brotherhood, in
letter made public last week.

But ina letter to The Globe
and Mail, Blenkarn said the
remarks were taken out of
context. He said he actually
meant that the country and
the Indians should decide
Indians will
become a nation independent

of Canada or consider .

themselves ordinary, first-
class citizens who work and
pay taxes,

“The concept of ‘
Btatus’ is abhorrent to the
democratic mind,” Blenkarn
bald In the letter published

y.
He said he was: not
esting that-Indians live
actly like their
refathers, as Starblanket
eged in. a reply to
lenkarn's ‘original letter.
enim sald Indians are
ved a “respect and
é Canadian taxpayers

warehouse during the

WORMS
STOLEN

TORONTO (CP) — A
baitdesler who had
$42,000 worth of worms
stolen from his west-end

weekend sald Tuesday
the theft is part of a war
over prices between Ca- }-
Hadian and American
dealers.

Peter Kotsifas said the
theft follows three weeks
of threatening telephone
calls telling him to get out
of the balt business.

The recent cold spell
that has kept worms
underground has forced
the price of worme to rise.
Canadian dealers now are
getting between $50 and
$65 for 1,000 worma from
U.S. wholesalers.

The worm theft was the
second in southwestern
Ontario in three days.
Thieves ‘stole 21,000
worms worth $1,050 from
pickers in. Guelph on
Friday.

In July, 1978, someone
placed two Molotov

cocktails near a Hamilton
worm distributor's truck
end ite $50,000 cargo.

‘

USINESS DIRECTORY

POINTE-AU-PIC, Que.
(CP) — The 10 provincial
premiers Bi behind closed
doors today to discuss
energy policy and the
General. economic health of
the country.

And there are signs that
the uy chat tea not be the

en t that everybody
had been predicting.

Premier Richard Hatfield
of New Brunswick forecast
litdle support for the efforis
by Ontario Premier Willlam
Davis redistribulte profits
from a forthcoming price

rise In domestic crude oil.

' Hatfield was one of the

_ first to arrive Wednesday at

this resort community 150
kilometres northeast of

City.
He belleves the federal

government should set a
price that is closer to world

rates.

“The country can’t afford
to subsidize the cost of oil
any more than it should

“subsidize the cost of gold,”

he said,

The increase muat be
phased in over several years
to cushion the shock to
consumers, Hatfleld . said,
Davis is correct in saying

Tue Herald, Thursday, August 16, 197, Page i

Premiers talk energy.

that the henefite of Canadian |
oil ahould be shared by all
Canadians, sald Hatfield,

On Tuesday, Davis sald
that if the price must rise
more than $1 a barrel, the
money should go into a
nationwide reinvestment

Most of the money

‘would be returned to con-

sumers in. the short run,
while work -continues on a
longer-range policy to avert
economic problems for
heavily industrialized

paper
to be subenitte to the federal
cabinet, which meets in
Jasper, Alta., later this
month. -

The Conservative
goverament in Ottawa, with
the support of oil-rich
Alberta, wants to let the
price of domestic crude rise
as soon as possible from the
current $13.75 a barrel to the
world price of between $18
and @3 a barrel,

Like Davis, Allan
Blakeney of Saskatchewan
favors a national fund to

redistribute oll profits and to
exploration

Arriving for a con

ference W

opposes ‘any federal in-
terference {n matters under
provincial jursidiction, such
as natural resources.

When the talka begin
today, the Atlantic
want to discuss the wroposed
Maritime Energy Corp., a

see ane

| erwrre Tarr. rete:

regional body to be owned :
and operated by the :

Maritime and federal gov-
mat i aaa tee wil :
pro: revitalize :

6 coal industry and har- ;

noes Bay

of Fundy tides to

produce electricity. And :

quebec wants to try to reach

agreement
Newfoundland for joint.
develo pment of |

with -

resources on ?

the Lower Churedil River in
Labrador.

;

On economic topics, Sas- «

katchewan

peavinies ba ie
ces hayes more say

ae etary policies act by the

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DOLLAR

MONTREAL (CP) — US.
dollar in terms of Canadian
funds at 3:30 p.m.

was up 13-20 at $2.6

don New York, the Canadian
ar was unchanged at

$0.8529 and pound sterling

was up $4 at $2.2415,

STOCKS

TORONTO (CP) — The
oon higres markes was
sharp! er at the close o
active trading Wednesday.

The TSE 300 index rose
186.38 to 1¢0 600,67, highest

since Jul
and gas gaa ‘shares soared ;

as ene of a discovery of
hydrocarbona off the east
coast pushed shares of Gulf
Canada up steeply,

Volume was 6,68 million
compared 6.52 million
Tuesaday.

Among industrials, IBM
gained $ to $33, Dale Ross
Holdings 24 to $16%, Shell
Canada 1% to $24%,

taine of Canada 1% to
$35 and Imasco 1% to 43.

Canadian Pacific lost % to
and Warrington
Products three-cents $1.42,

McIntyre Mines was up 1
to $52%, Placer Develop-
ment %.to $91% and Dome
Mines 5% to $43%. Campbell
Red Lake Mines was down %
to $21% and Par Lake
Resources three cents. to
$1.55.

toa Range Fete rose 2

to $5544, Ranger Ol Canada
1% to $29% and Canadian
Homestead Oils 1% to $2344,
Canadian Reserve Ol and
Gas fell 1% to 16% and
Nemco Explorallons 18 cents
wo $3.57.

VANCOUVER {CP) —

“ Prices were up in heavy

trading Wednesday on the
Vancouver Stock Exchange

with a ‘closing volume of

5,604,055 shares.
_ OF the stocks that traded,
152 advanced, 106 declined
and 178 were unchanged,
The British Columbia He-
sources Investment:
led trading in the industrials,
gaining .05 to $6.20 0n'129,606
shares, Canadian Javelin
was unchaged at $1.30 on
$2,900, Renn Industries was
down .09 to $1.17 on 3,150 and
Daon Development gained 3-
Sto $17 on 2,100, Gulf Canada
was unchanged at $65 and
Grovss Mountain dropped

On the resource and
development board, SNA
Resources gained .07 to .42
on 281,400. Redford Mines
gained .40 to $1.00 on 279,200,
Rhodes Resources wat up .23
to $2.40 on 168,074 and Jet-
Star Resources was wun-
changed at $3 on 154,700.
Amber Resources gained .0¢
to $3.09 and Consolidated
Cinola was up .00 to $6.30,

Nomad Mines led trading
on the curb exchange,
gaining .18 to 62, or $8,000.
Burlington Gold was up .03 to
60 on 161,900, New Congress
Resources was unchanged at
27 on 118,500 and Westward

8 to 8,

EAST

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