Jim Fulton lines up with the rest during Kitimat’s celebration.

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Sales by independent
clothing stores have grown
at half the rate of the chains
since 1972.

For the amall store, the

TORONTO (CP) — “When

I firat got-into this business,
it was fun and exciting,” sald
Helen Ellison, a clothing
utique owner. “Now, it’s

ba
just bloody hard work.”

She was lamenting the
passing of the golden days of
the independent retailers in
the 10603 when everybody
could hope for a piece of a
constantly growing pie.

Today, the independent
retailer. is faced with slow
economic growth, high in-
flation and ee pal of
, shoppers e large en-

. Closed malls,

The malls helped spawn -
the growth of specialty

elothing ‘chains such ag
Dylex Ltd. of Toronto whose
financial
fashion know-how. have
made it formidable com-
petitors for both the in
dependents and department
’ gtores :

The independent’s share of
the men’s wear market
slipped to 34 per cent from 44
per cent between 1972 and
1977. For women’s wear, it
slipped to 21 per cent trom 25
per cent, ‘

Picking up the lion's share
of the market was the chain
stores. .

match the sales prices of
larger competitors.

“There is simply no way
that your average merchant-
can hold sales 10 months a
year and still show a profit,”

. said Ervin Enchin, co-owner
of the House of David men's
apparel in Guelph, Ont,

“And this is what some of
them are trying to do.”

Another problem is that
the small retailer does not
have tha same access to
bank loans as do the. large
stores with their
sophisticated

atrength and systems. .

‘Many find they can get

loans for expansion but not

for opera income," said

Pat Porth, head of the in-

dependent stores division of

the Retail Cauncil of Canada.
Mrs. Ellison said |t is hard
for the entrepreneur because

Management has become so

ticated.

financial

“The entrepreneur knows
how to buy and sell, but now
he spends. his time going to
accountants and bankers
and. fi}ling out government’

an,eye

pee Neel

DIVIDENDS -

_By THE CANADIAN PRESS

Corporate. dividends

~Tuesday, quarterly unless
otherwise noted

oted,
Getty Ol] Co., $5 cents, an
increase of five cents, June

18, record June t.

St. Lawrence Cement Co.,
class A, 35 cents, July 31,
record July 15.

‘Sterling Trust Corp., 12

cents, June 29, record June .

18; 12 cents, Oct. 1, record
Sept, 17, ‘ .

STOCKS

TORONTO (CP) — The

“Toronto stock market was

sharply higher at the close of
moderate trading Tuesday.

The TSE 300 index gained
8.63 to 1,470.11,

Sharp gains in mining, -

energy and gold issues were
responsible for the rise.

Volume was 38.51 million
campared with 3.64 million
Friday.

Among ~ industrials,
Brascan A rose 155 to $23%,

- Domtar 1% to $2714, West-

burne Interational 14 to
444, Alcan Aluminium 144
to 441% and Gulf Canada 114
to 348%,

Occidental Pete fell 2 to
$224, Canadian Occiental

ome A % to $6,
_ Falconbridge Nickel A %4 to

958% and Monarch Wear 10
cents to 65 cents. -

Dome Mines gained 4% to
$132%, Campbell Red Lake
Mines 1 to §$22% and Camfio
Mines }; to $1414. Bethlehem

A lost 1 to $17 and

Ten Corp. B % to $124.

DOLLAR

MONTREAL (CP) — U.S.
dollar In terma of Canadian
funds at 3:30 pm. EDT
Tuesday was up 33-100 at
$1,1593. Pound sterling was
up 4-10 at $2.3748,

In New York, the Canadian
dollar was down 1-4 at

$0.8426, and pound sterling |

Was down 6-25 at 62,0485,

Canadian Homestead Oils
was up 1 to §16%, Canadian
Superior Oil 1 to $114% and
Canadian Reserve Oil and
Gas % to $13. Numac Oil and
Gas was down 54 to $27% and
Page Pete 34 to $1344.

VANCOUVER (CP) —
Prices were mixed in
moderately-active trading
Tuesday on the Vancouver
Stock Exchange. Volume to
close was 2,421,052 shares.

In the — Industrials,
Canadian Javelin led
trading, up .10 at $1.80 on a
turnover of 6,777 shares, Hal
Roach jumped .25 at $3.40 on
5,600, Canadian Imperial
Bank of Commerce was
unchanged at $25%4 on 2,600
and Daon Deveiopment waa
unchanged at $11 on 1,100.
Austin Investment was
unchanged at .90 and Proflex
was off .01 at .12.

On the resource and
development board,
Newhawk Gold was down .10
at .62 on 208,300 shares, Rio
Plata was up .10 at 82 on
177,200, United Hearne was

‘down. .15 at $2.35 on 102,200

and Carolin Mines was up
015 at $1056 on 84,220, NRD
Mining waa up .(3 at $1.78
and David Minerals jumped
45 at $3.40.

On the curb exchange,
Beach Gold was down % at
.28 0n55,-000 shares, Brongon
Mines was unchanged at .41
on 21,000, Santa Sarita was
unchanged at .47 on 20,325
and Veronex was unchanged
at 80 on 20,000. JetSter was
unchanged at .B4 and Poney
epprorations was down .06 at

1.10. .

ndteeder abet Haga apt
é atets

Alberta oil is |

not enough

CALGARY (CP) -
Alberta cannot
“prime the pump” and
Produce more oi] to meet
possible gasoline ‘and
heating-oil shortages in
Eastern Canada next winter,
says Wayne Minion,
chairman of the Alberta
petroleum marketing
commission. .

4
Alberta Is already
producing close to the
minimum allowable quotas
from fields which have been
developed, Minion said,

The problem is that the
vince’a fields have not
en developed to their full
potential, he said, explaining
that difficulties -began four
years ago when the federal
government decided to limit
oil exports without in-
creasing pipeline capacity to
Eastern Canada.

The result was-that com-
panies had no incentive to
develop capacity to fuil
potential, Quotas were at-
tached +o production and
there was no point in con-

simply.

tinuing with iniill drilling,
pressure maintenance and
extra pumping facilities,

Minion said it would cost
about $100 million to release
a shut-in capacity of about
150,000 barrels a day in about
22 to 18 months. Money

would also have to be in . =

vested in expanding pipeline
capacity to deliver the extra
production to Montreal.

“The question is how long
are we going ta be pumping
our oil to the U.S, rather than
to Montreal.”

‘Minion said a second

problem is the nature of

Canada’s Eastern refining
facilities. aie ecpertn,
atchewan are
100,000 barrels of heavy oll a
day to the United States be-
cause there are no refineries
In Canada capable of han-
dling it.

Producers in Alberta are

restricted to 80 barrels a day
allowable from a pool with
praven reserves under
200,000 barrels.

L

EARNINGS -

By THE CANADIAN PRESS

Bomat Batten Lid, three
months ended March 31:
1979, $100,052, 25 cents a
share; 1978, $103,764, . 26
cents.

Canadian Nattonal
Railways, quarter ended
March 31: 1979, $22,347,000,
no share figures: 1973,
$5,233,000. :

Canadian Tire Corp., three
months ended March - 31:
1979, $4,744,000 75 centa a
share; 1978, $8,094,000, 5

-cents,

G and H Steel. Industries
Ltd, three months ended
March 31: 197), $464,917,
logs, no share figures; 1978,
$641,300, loss,

Greyhound Lines of
Canada Ltd, three months
ended March 31: 1979,
$2,424,824, 52 cents & share:
1978, $1,009,054, 39 cents,

Inter-Provincial Diver-
sified Holdings Ltd, year
ended Dec, 31: 1978,
$1,075,935, $1.5 a share;
1977, $529,735, 50 cents.

National Hees Enterprises
Ltd,, three months ended
March 31: 1970, $262,500, 14
cents a share: 1978, $214,000,
11 cents.

Ronyx Corp. Lid., six
months: 1979, $319,000, 19
cents a share; 1078, $117,000,
five cents.

Sheperd Products Ltd.,
hine months ended March
31; 1979, $969,249, 61.4 cents a
share; 1978, $287,325, 24.5
cents

Slater Steel Industries
Ltd., year ended March 31:
1979, $11,085,000, 94.16 a
share; 1978, §3,-748,000, $1.31.

‘VS Services Ltd., 26 weeks
ended March 28: 1979,
$2,494,-000, 57 cents a share;
1978, 1,-597,000, $9.6 cents.

4

- Fun no longer

temptation is strong to -

the smaller outlets can

iB a BER Pe aa

If you don't keep :

neither will =
anybody else!

At the Diet Center, we
will help you

LOSE 17TO25 POUNDS
IN JUST 6 WEEKS ©

AND TEACH YOU HOW TO STAY SLIM ~
FOR THE REST OF YOUR LIFE

Office houra: 9-4 Mon.-Fri,
Ave. : After hours call Dolores
tinad

The Herald, Wednesday, May 23, 1979, Pages

yee

aphte set

ote

mae a Tat wel at

forms," she sald.
“I see the

i
&

way," said Jack Brown,
owner of Brown's of Brent-:
ford, Ont, a ladies’*‘and:
men's wear store. =“ °"*

“By department or éfigin :
store standards we're over-

Seraeeeer rs)

‘aeoare

‘
*

unable to give,’ nes

Even independent stores.
like Very Very Terry Jerry,.
which Gperste in malls, fecp
a tough compatitive:
situation.. ace

Mra. Ellison sald getting a
unique look sia difficult,
“except in. higher - price.
ranges aid imported.
boutique-type goods.' - ‘“

ta
aig

r

on your figure:

RES ORR ERAT SFT ed

a CS Ho

SELLER”

The entire family reads .it..
And, why not? There’s

something for everybody

ih Fiat

in the classified pages in
the Daily Herald
Whether you’re buying,

selling, renting, leasing,
looking for a job or
services, you're sure to get
quick results from the

potieetete

classified pages!

fe,
alelen

Sera

Call 635-6357

ss

Si

Be

TERRACE-KITIMAT

RES MEN PSS NCOs aa a8 nV NS aS

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