Fort McMurray Today from Fort McMurray, Alberta, Canada • 2

McMurray Business Thursday June 11989 2 Tape New car dealerships being sought Energy sales up but revenue down ticularly to offshore markets White conventional oil production held its own in 1988 at about 575 million cubic metres the Ihitd-higheM production level of the 1980s bitumen and synthetic crude oil production reached an all-time high of more than 19 million cubic metres Thus total crude oil and equivalent sates registered their higheM level of the laM decade 83S million cubic metres The board attributed this in large part to the first foil yew of operation with the expanded Interprovincial Pipe Line system and the Modified Plura- tion Phu which contributed to easier access to markets But ongoing capacity problems sug- gcM that increases in supply in the future will likely require some expansion of extraprovincial trunk lines Alberta's natural gas sates achieved record levels in 1988 with marketed gas totalling 77 billion cubic metres Total 1988 sates were 15 pw cent higher than in 1987 and 13 pw cent higher than in the previous record 1985 yew CALGARY (CP) The Alberto energy industry laM yew chalked up its loweM gross revenues since 1980 despite record increases in production andsales Revenues from energy sales totalled an estimated $164 billion in 1988 a decrease of five per cent from the previous yew the provincial Energy Resources Conservwion Board reported in its annual review released Wednesday Despite a surge in crude oil production low prices exacerbated by the strong Caruxlian dollw caused crude oil and equivalent revenues to drop by $1 billion to $99 billion the report said And while 1988 saw record marketable natural gas sales revenues increased by only five per cent to $44 billion held down by lower gas prices Sulphur revenues were up four pw cent to more than $600 million despite lower sulphur prices reflecting a four-yew high in sales volumes Revenues for coal were up marginally to about $430 million as coal prices firmed and sales expanded par Going up City carpenters got busy last month Local builders got Muted on six new homes in the Fort McMunay ares The new contraction brings this year's housing numbers in line with last building pace and the value erf construction activity is slightly ahead of but yew The value of all construction this yew is $644800 compared to $625205 at this point last yew Dealership hunting Fort McMumy's aspiring automobile dealers are busy trying to line up a number of new cw dealerships but so fw nobody can get their 1989 models to the starting line Fort McMurray Nissan owner Stan Pappas is talking with Mazda about putting a dealership in the new showroom he's building on Gregoire Drive but the discussions are a long way from being completed he said Pappas said given up on obtaining a Honda dealership because that company wants a separate facility to handle its can The same may be true with Mazda he said Fort McMurray Mohawk owner Joe Blake is also trying to get a cw dealership going and has got an agreement with Hyundai provided he comes up with a suitable building for the dealership The building Blake's got his eye on is the old McMurray Font Building on Fraser Avenue but the bank and Blake ate some distance apart on agreeing to a price for the structure he said If a deal comes together Blake and his partner will be moving the used cw lot on King Street and Manning Avenue to the new lot Fort McMurray Esso owner Irv Williams is also tying to nail down a Chrysler dealership for Fort McMurray but lack of a proper facility and competition from out-of-town bidders may prevent him from picking up the dealership he said Dinosaur dig The Ex Tern Foundation is considering oil sands country as a place to hunt for dinosaurs Foundation spokesman Karen Jacob said a Fort McMurray dig is being considered along with other sites like Dinosaur Provincial Park Grande Prairie and Coulee and Bylet Island in the Northwest Territories for this summer's field activity The foundation is sponsoring the China-Alberta Dinosaur Project which is comparing fossil finds in both Gentries in an attempt to learn something about the migration of the big beasts The project has found dinosaur remains in the othw four Canadian sites but has not yet put the spade to the earth in this area CDs for station The turntable and the tape recorder have bitten the dust at radio station CJOK The country music station has gone for the uptown sound being emitted from a set of three compact disc players that have been installed in the radio station The radio station made the move to get better sound quality and to make picking music for broadcast easier said Larry Howell the engineer The disc revolution is fast replacing the good old 12-inch record as the choice in audio equipment It's been predicted that the popularity of the little disc will turn records into museum pieces by the mid-1990s Howell said the listeners should notice a brighter crisper sound as a result of the change in equipment Happy Birthday The Canadian Imperial Bank of Commerce will be celebrating its 25th yew in Fort McMurray on JuneS The bank is planning to cut a cake and serve coffee to customers who come in during the day Economic growth in March hurt by high interest rates Topsoil 1 supplier in Fort McMurray! I BBbbcb AT CLOSE yesterday Crude oil $1990 (LS TSE 370744 Dow Jones 248015 Gold $36350 OS Dollar 8284 OS The Bank of Canada landing rata appears ovary Friday The erode oN price is the West Texas Nermedtalo benchmark The gold prioa la tie London price pw boy ounce Economic growth slackened in March because of the Bank of high interest-rate policy but economists say the slowdowa mean a quick drop in borrowing the effort was for naught" said George Saba chief economist at Montreal Trust Statistics Canada also reported the monthly value of the economy's production dropped to $4029 billion from $4042 billion in February due to a downturn in both goods and services industries The Match drop came after the economy grew at a monthly rate of 02 per cent in both January and February Overall the economy Mill grew by a healthy 08 percent during the first three months of the yew with about one-third of the growth coming from the farm sector StiiiMics Canada said FuM-quarter growth shows the economy still has a strong momentum and it's too soon to say whether the Match slowdown could deepen into a recession economists said Elsewhere in business Wednesday: The Royal Bank of Canada reported a net income in the first half of $485 million up 63 per cent over the same 1988 period SHEARS TOP SOIL Call: 791-1677 24 Hr Answering Service Open Mon-Sat 94pm (Available in aH quantities large or small: smal quantities to be picked up to the Pit) Located 100 yds paet left turn where divided hwyatopa The gross domestic product the total value of goods and services produced by the country fell 03 per cent in March from the month before after adjusting for inflation and seasonal variations Statistics Canada reported Wednesday The slowdown the economy's biggest monthly decline since October 1986 evidence that higher interest rates are starting to bite" said John Ginkard chief economist at the Canadian Imperial Bank of Commerce But economists said Bank of Canada governor John Crow wont let interest rates foil based on the poor performance for one month is not going to begin to ease (interest rates) in any important way and then find out he did it too early and all of Toronto TORONTO (CP) The Toronto Stock Bichange's composite 300 Index Jumped 1724 points to 370744 Wednesday In New York the Dow Jones Industrial average which was pushed down in the hut minutes of the day by a program trade was ahead 460 points to dose at 28015 -v i 1983 HONDA CIVIC 1985 TEMPO 4DR 1985 FORD LTD STR WAGON 1984MEROJRYTOPAZGS ''v 5 is 'A "i-t-fti" 't -Vv -v fr jytAipr 'v-V 4cyL5spd adnt condition $3998 6998 4695 7495 icyLrto -J i y-f 1987 (HEY (HEBR1TY EUEOSPORT 1988aLEBRITYEUROSPORT 1987 TEMPO L4DR 1979 FORD FUTURA Sr j- i- 'l 'tf 'y Wt ry It i di'- Mint condi ion 12989 Nr min MLlMOOIdtes 13998 fit vv'- -'s'- 1934 OLDS FIRENZA 1985 FORD T-BIRD 5 flvj i -Ji AM A Al 'if m- lT v' tt y' i 1 A' 2drv4cyl ESS: 11998 4995 j-- i i eusMA C1 vt's't 1988 FORD F250 1984 LINCOLN TOWN UR 1983 FORD T-BIRD km 1985 FORD F150 fm t-M tM 1 1 rfsK vsl -filUfrK r- u'SfK -A I if- 4dr automatic $1A AA low luns mint condition I UyU ct i'-'A" 8995 mnm munsuim DRIVE THE FEEUNG A A'-a' 1 'I A va Not exactly Illustrated 360 MacKENZIE BLVD 791-9500.