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Lethbridge Herald, The (Newspaper) - April 7, 1973, Lethbridge, Alberta 10 THS IETHBRIDGE HERALD Saturday, April 7, 1973 May be drop by July High prices for homes to continue By RICHARD ANCO Canadian Press Staff Writer Some major realtors expect Canadian house prices to level off eventually, but for the moment all signs point to continuing phenomenal in- creases. A rich blend of inflation psychology, a real housing shortage, optimism in the economy, growing demand by young people for houses and pure speculative buying is driving prices higher and higher. Brian Jackson, executive vice-president of the Canadian Real Estate Association, says that by July there may be a slowdown as houses begin to price themselves out of the market. Aside from plain common sense, he has little evidence to back up his prediction. Houses, no matter what the asking price in most cases, are selling fast. A Cross-Canada Survey by The Canadian Press shows Toronto still leads the wav in prices, but "hot markets" have developed in Vancouver, Hamilton, Ottawa and Hali- fax. The big spread that ex- isted between those centres and the "wild" Toronto area is being narrowed. Accurate statistics for com- parison are difficult to come by. As a general guideline to residential real estate values across Canada, the associ- ation has compiled average figures for sales made through multiple listing serv- ices of its member real estate boards in various localities. MANY UNDER MLS Multiple listing, or MLS, ac- counts for roughly 35 or 40 per cent of total sales, but varies from city to city de- pending on housing supply and demand. Totals include a high percentage of resales and in a few cases a high- priced apartment building have been sold on MLS. The real estate association's average MLS sale in Canada has increased annually from in 1968 to last year. PAUL FLICKINGER Farm Auction Sale 12 miles East and 14 Mile South of WRENTHAM, ALBERTA Thursday, April 12, 1973 10 A.M. FREE PANCAKE BREAKFAST 9 to 10 A.M. Having been favoured with instructions from Mr. Paul Flickinger, who has sold his farm, we will offer for sa'e the following line cf farm machinery as listed be'ow sub- ject to additions, deletions, errors or minor changes at you may find them the day of the sale. TERMS: CASH THE DAY OF THE SALE. WITH SETTLEMENT IN FULL BEFORE REMOVAL FROM THE FARM. TRACTORS Versatile Model 700 four wheel drive tractor with cab. Only 267 hrs.. Cummins motor, air conditioned cab; 1-1956 D6 Catepillar with cob. Serial No. 9V22487. Good condition, 4111 hrs.; I.H.C. TD9 with agricul- tural type dozer. Serial No. TDC44611. like new motor, good tracks; 1-1952 Allrs Chalmers Model HD5 tractor. Serial No. HD55318276. New crank shaft, new pistons and sleeves, rebuilt blower, good tracks; Molina Super Jet Star 3 (680 hrsj; Cub with cultivator; Deere Model D tractors. TRUCKS 1-1967 I.H.C. Model 1600 truck with 304 motor, 250 bush box and hoist, 4400 miles; I.H.C. Model 1600 truck with 325 bus. box and hoist, 245 motor, 2735 miles; I.H.C. Model 1600 Loadstar truck with 304 motor and 325 bus. box and hoist, 6422 1-1962 Ford F100 Vi ton four wheel drive truck with heavy duty set up like 3i ton, 6900 miles; 1 1934 Ford 2 ton truck with V8 1-1947 I.H.C. Model KB5 3 ton truck; 1-1944 I.H.C. A'odel KB5 3 ton truck with 250 bus. box ant! hoist, miles; Model KB5 3 ton truck with gravel box, miles; car (rod out of COMBINES AND SWATHERS 1-1969 C.C.I.L. self prooelled mode! valve S-950 com- bine, serial No. 78745 with large pick-up and straw chopper with corn and sunflower attach., diesel motor (498 1-1968 C.C.I.L 18 ft. pull type swather with double swath attach.; 1-1971 Versatile 20 ft. self propelled hydrostatic 400 swafher with double swath attach.; Oliver Model 33 self propelled combine; 19 ft. offset hitch (heavy MACHINERY Arrow sprayer to fit self propelled 2-John Deere 14 ft. Model LIA press 2-flax rollers; wing style 33 ft. late model Noble blade, like new; Noble Model DK4 Serial No. 2703 7 ft. hoe drills with fertilizer attach, and hitch; front end loader; 1-36 ft. John Deere heavy duty 1-Noble Model C 14 ft. straight blade and 16 ft. V blade with heavy axles; 44 feet of diamond harrows with steel draw bar and car- riage; Deere paddle groin loader, 32 ft.) Deere Model 500 14 ft. rod weeders bale loader with motor and carriage; ft. Grohcm Hoeme chisel plow wing style Model KCB serial No. 31258 with rod weeder attach.; 1-1970 35 ft. I.H.C. Model 55 chisel plow, like new; Harrows 30 ft. with Victory duplex hitch; Deere 21 ft. 35 ft. grain loader; lawn mower; auger; disc cleaner mill; Arrow fanning mill; grain auger, 45 ft. x FUEL AND WATER TANKS gal. truck tank and pump; gal. fuel underground tank. SHOP TOOLS AND MISC. ITEMS Bench grinders, vises, anvil, press drill: elec- tric welder; welder; saw with 3j h.p. motor; air compressor for painting; Brun- ner oir compressor; quantity of cultivator shovels; Seve-ai shanks for Jeoffroy cult.; rod weeder rod straight- ener; wheel barrow cement mixer with gas motor; 1 bin cleaner with gas motor; tires; brooders; broader; Quantity of chicken feeders; treater; huller; picker; Quantity of oshpholt shingles; B.T.U. propone heater; propane heater; drill; h.p. gos engine; f tilers il gas ond 1 e'Ectric1; pump wiih gas engine; Small cuantity of lumber for 06 Cat.; 1 belt pulley for D6 Cat.; Quantity of gas pymp; water troughs; Quantity of barrels; 7 Ford rear orle and sprirgs; 2 gol. of seed dressing; Chain hois's; Tar roils; Paint sprayer gun; 2 weed hand sprayers; Trouble lomos; Quanlitv of f'oor brushes; Socket sets; Wrenches: Hammers: Saws; Picks; Scylhes; Oil cais; log chains; hydraulic cylinders. HOUSEHOLD 1 coal heotcr 1 henler, c'cck: 5 ond 3 rOcVing choir; J kiJchen tcble crd 3 mix master; riding lawn lawn mower; sieves '40 yrs. oldi; heater; 1 15 cu. ft. Coldspot ovocado refrigerator ond dresser ISO size beds and tables: toble; chairs; room tobies; Quantity of dishesj Several and ond white small radios; sewinq rr.cching, 1 10 gal. crock: gal. crock; QuonltTy of equipment; Quantity of sealer. lamp lan'ernj, slo-e converted '5 crDpanr-, _ propane rcfricj- rotor 1 cDbirc', 1 6 auo't tec cream freezer 1 propone jvoter lonk; 1 s.1Ond; cupboard 1 LUNCH Will BE SERVED SALE CONDUCTED 8Y HANDLEY AUCTION AND ENTERPRISES LTD. BOX 105. COAIDAIE, ALTA. the Saulh by Word of Wouth" f-or information Phone 345-3S34 or the OwnW AUCTIONEERS: LE5 HANDIEY BTCO BURTON HANDlEY lie. No 010120 lie No 005615 lie No. 010121 Regional averages in 1972 were: B.C. Alberta Saskatchewan Manitoba Ontario Quebec and Maritimes The comparison in major urban centres between the av- erage house price in the first two months this year and in the full year 1969 is: more than 40 per cent of to- day's average new house in Toronto. Victoria Vancouver Calgary Edmonton Regina Saskatoon Winnipeg Toronto Hamilton Ottawa Montreal Saint John Halifax 1969 1973 30.268 Comparable figures are not possible for Prince Edward Island, where MLS has just started, or for Newfoundland, where it does not operate. But realtors in Charlottetown say an average home now selling for would have cost in 1969; in St. John's, a three-room bunglow now prices at was going for in 1969. LAND COST HIGH Mr. Jackson says the land cost component of the aver- age house price in most areas is 17-20 per cent of the total. This rises steeply to about 30 per cent in the "hot markets" of Vancouver, Hamilton, Ot- tawa anl Halifax and soars to NO WARSHIPS Except for Second World War naval training, there have been no warships on the Great Lakes since a Canadian-American treaty signed in 1817. Agriculture spending not enough OTTAWA (CP) Increased agriculture department spend ing for 1973-74, estimated al S308.9 million, up million from 1972-73, was described by opposition MPs today as unsa tisfactory. "That's a very small in- Conservative farm critic Harold Danforth (Kent- Essex) told members of the Commons agriculture com- mittee- "It's nothing but house- agreed Alf Gleave The department and Agricul- ture Minister Eugene Whelan did not appear to be developing new programs, merely main- taining those of the past. Mr. Whelan said he was new at the was appointed in November, that there were a number of areas the government was moving into. A revigorated sugar beet industry, improved crop insurance, change in farm credit and a new grain storage philosophy were but a few. Mr. Danforty said that most of these programs represented a continuation of past govern- ment policy with no basic Changes. The committee was dis- cussing department spending estimates for the coming year. Estimates, referred to com- mittees by the Commons for de- tailed discussion must be re- ferred to the House by the end of May. ROY VOS Form Auction Sale 13 miles South and miles fast of BURDETT, ALBERTA Wednesday, April 11, 1973 10 A.M. Free Pancake Breakfast 9 to 10 a.m. Having been favoured with from Mr. Roy Vos who hos fold his farm, we will offer for sole the following line of form machinery as listed below subject to additions, deletions, errors or minor chonges as you many find them the day of the sale. TERMS: CASH THE DAY OF THE SALE, WITH SETTLEMENT IN FULL BEFORE REMOVAL FROM THE FARM. TRACTORS John Deere 4020 tractor, with duo! hydraulics, dual wheels and cob; 1-1967 John Deere 4010 tractor with dual hydraulics, belt pulley, with front end model loader (To be sold John Deere Mode! 112 garden tractor with 36" lawn mower. COMBINE AND SWATHER 1-John Deere model 95 combine with 18 ft. platform, 10 ft. John Deere pick-up with straw John Deere high-low model 95 combine with 18 ft. platform, cab, 12 ft. John Deere pick-up, John Deere straw chopper. TRUCKS 1 1968 Chevrolet 60 series truck with 366 motor, tag axle, 18 ft. steel box, stock rocks, 25 ton hoist; 1-1952 Dodge 3 ton truck with gravel box, hoist, 900x20 tires; Fo-d model F-5 2 ton truck with 200 bus. grain box and hoist, 750 x20 tires; Chevrolet ton 20 series truck with 309 motor, camper special 700x18 tires; Chevrolet Vz ton 10 series truck with 283 FUEL AND WATER TANKS 2-300 gol. fuel tanks (1 with steel 2-500 gal. fuel 1-500 gol. water tank; gal. slip tank for Vt MACHINERY 2-1967 I.H.C. 14 ft. model ICO disc drills with 7" spacings, low packer with tandem hitch, like new condition; John Deere 1200 series 20 ft. Surflex (new style) with trans- port wheel; John Deere 1200 series 20 ft. Surflex with transport wheel; John Deere Tool bar 14 ft. cultivator; Graham Hoeme 18 ft. cultivator with rod weeder Deere 16 ft. Rod weeder cttach.; 1-21 ft. Victory blade, (new 1-18-21 ft. Nobls blades (new Golden Arrow sprayer with 50 ft. booms; Minnitoba rock pickerf high Branf 45'x8" P.T.O. grain load- er with electric start motor (like Mayrath gra n loader with Briggs ond Strattor: 9x1 1 h.p. motor; ft. sections of new style coil packers; ft. packer hitch for John Deere surf lex; I.H.C. 14 ft. tandem disc with notch link fanning rnill with leg; volt 12 ft. drill filler; ft. auger with -i h.p. electric motor; 6 sections of diamond harrows; ft. double disc; McLeods grinder with 50 ft. endless belt; ft. x 16 ft. barn with 16" sills COW year old Hoistein milch cow. SHOP TOOLS AND MISC. ITEMS Cement mixer; Ib. propone bottles; Manifold steom cleaner; 1-Heat Houser for 4010; Stationary motors; Steel fence posts; Quantity of new fence Quan'JSy of 1" syphone tubes; Quantity of Cedar siding; 5-1" iicd 20 f'. pice: gaivanized 20 ft. pipe; Several burning barrels; Good selection of weiding iron; Air com- pressor; Table tiit 8" saw; 1 180 omp. Formcrest welder; Acetylene welder wilh cart; Drill V drill; drill, Shoup cupboards; 1-300 Ib. Chain hoist; JotV Ali 1 12 ion hyd. jocV; cf poul- cqviS.; Wirs Ors'cher- QjcnJity of Oil pumiv jerry cons, bench grinder, pliers, -wrenches, sets ond many rnore shoo tools Co numerous to mention. HOUSEHOLD ARTICLES Coal QtoriliJy of 1 CoTernan propone therrroslai BTU heater; ft. RworescenJ Jighi fix- tures with balos; Beds wih mattresses; goose de- coys; Chrome toble; Saveral chairsr Folding choirs; 1 Picnic tob'e; Stockholm cream Bledric cream churn; ilcctric ice cream 1 Electric Inglis clothes drier 'like new Electric 11 cu. 41. Sefrigeralor} Bed with springs ond mattress wilh bookcase head board; of 4 drawers. Rocking chair; Sit of golf clubs and bog. of drapes: Quantity of blankets. 1 liquor cnbir-i-i 1-6 droivcr desk larboTilc 1 love jcol 1 4 dorw- rr tiudcni deiV; Several ontiqus la-npi; 1 21 goj lawn LUNCH WILL BE SERVED SAtt CONDUCTED BK HANDLEY AUCTION AND ENTERPRISES LTD. BOX 105. CO AD ALE, ALTA. "Se-vmg the South by Woid of MsutV for further information Phone 345-3534 or OwnW Buying beef Sharp-eyed buyers for meat-packing plants once again are buying beef cattle at the Ontario Stock in Toronto. Business at the largest stockyard in Canada was back to 70 per cent of normal yesterday; earlier, edgy farmers had held back their cattle in response to the call for consumer boycott of beef. Tax column Tax law flexibility necessary By I. H. ASPER One of the toughest jobs fac- ing any justice minister is that of choosing the best men to fill the judicial roles in the nation's courts, and having found them, jeing able to persuade them to become judges. After accomplishing that, the minister and the community served by the courts must hope hat the judges who interpret the law will grow as the com- munity grows, and that the in- erpretation they give to the aw always stays consistent with the changing attitudes and values of society in general. This chang- ing of judicial rulings to match society's most clearly seen in the criminal law where what would clearly have >rought a conviction for obscen- .ty 10 years ago is no longer even brought to the courts te- :ause society's attitudes have releaxed. Just as it is important so- cially that the courts float with the times in criminal law, it is equally important that the tax court judges keep abreast of changing business techniques so thai their interpretation of the tax law will not impair or place barriers in the path of healthy economic activity. In this respect, for the most part, judicial interpretations of the tax law, as applied to busi- ness transactions, have in the past two or three years become much more positive. Although there are still too few tax judges who have a pre-bench in- timacy with the techniques of doing business, there appears in recent years a trend toward a more open and less literal ap- proach to the tax laws as it ap- plies to business transactions. A recent ruling by the trial division of the Federal Court il- lustrates the point. The case in- volved a Toronto housing devel- oper who made a financing ar- rangement -which some might consider unique, but not if they understand the trends in that industry. US HAND1JY IK. No 010120 U 8URTON No 005615 HANDlET No. 010121 RALPH MISKULIN Farm Auction Sale 1 MILE SOUTH AND 6 MILES EAST OF WILSON SIDING ELEVATORS TUESDAY, APRIL 10-11 A.M. Having been favoured with instructions from Mr. Ralph Mis- kulin, who has retired from farming, we will offer for tale the following line ef farm machinery as listed below, which is merely a guide and in no way a warranty or guarantee as to condition or cge and is subject to additions, or minor changes as you may find them the day of the sale. TERMS: CASH the day ef the sole, with settlement In full before removal from the premises, TRACTORS 1964 M.F. 97 with cab, lead ballast, 2700 hours. 1965 J.D. 5010 with cab, low hours, (like new) Oliver 99 for repairs. HARVEST EQUIP. 1970 J.D. 630 SP combine, cab and pickup; 16' J.D. 190 pull type swather; 16' Oliver SP swather; 16' I.H.C. p.t.o. swother; 14' pickup reel. TRUCKS 1962 I.H.C. B-170 truck, 15' steel box, hosit, 900x20 tires; 1952 Fargo 'i ton; 1946 Chev 2 ton, hoist and flat deck; 1929 I.H.C. truck TILLAGE AND SEEDING EQUIP. 12' Noble blade, st. blade, marker; 3K Nable blade. 18', complete hook up; 24' J.D. wing style cultivator; 24' Morris 6124 24' rod weeder; 2-lA 12' 1969 J.D. 6" press drills; Co-op flex harrows, steel drawbar; diamond harrows; 10' Cockshutt onewoy; 4 bottom I.H.C. plow; 20' J.D. 1100 series surflex; 500 series J.D. rod weeders.- 2 wheel frailer; tank running gears; Ham- mermiil; 24' Mayrath 6" auger, B S, 12 h.p. motor; 41' MayrcJh 6" cuger. 8 S, electric start; 12' drag auger; 56' Versatile, tandem low orofile, field sprayer; Propone brooder, 300 size; fpnre. SPECIAL 1968 ton Chev., 4 sp. saddle tanks, 10' camper jocks, furnace. NOTE: Above Spj-cial Subject to deletion. FUEL AND WATER TANKS 500 gaJ. fonk (steel 309 gol. fuel tonV, 2 com- 100 go'. injcV vlip lank ond pvmp; 300 gal. water JanV.; 40 gal propone tank Drop tank SNOWMOBILES 1970 Eupp 340 Snowmobile