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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 26, 1972, Lethbridge, Alberta 12 THE IETHBRIOOE HERAIO Suluidoy. 26, 1771 Tax column ax re TII on us like it or not I. II. ASl'KIt Tin- 1'cing an .'Iwlum sum- raer wo ncoplf lo hear many things. Ami since' cvi-iy political puli- lic-opinioi. Mirvcy worth its sill always tells tlic (Xililic-inns that of Ihe top issues is tax. wa can as-sumo that as the political (empeiatme rises, the lax rhet- oric will escalate in direct pro- portion. Serious observers of the tax will lw forgiven if they sit this one out, because it's mean- Inaless. Everylliinp worth say in? about tax reform has at ready txmi said since the C.irter commission reported In Like it or not, the com- promise of opposing views has alrcadv been marie, tax reform is upon us, and the most pcsi live contribution politicians can now moke is to lying the loose unintended work rcduclion. That's not bad in an election year. Faced with these statistics, the opposition parlies will liavo difficulty making taxation a major e'lection issue. Opposition Ix-ader (lobert Stanfield lias al- ready staked his ground in his proposal to allo.v Canadians a tax deduction each year equiva- lent to Hie Inflation Impact. The Stanfield constant-dollar plan will have an instant appeal to those voters who can under- stand it. but if lie presses his case to his point lie will have to show where he intends to cut gover nment spending to mnke the revenue loss his would create. However, the Con- Get grain moving Blakeney urges worn nds. removing lomalics and incq- uilies. and p'nerally improving the- everyday working of Ino Icin. REGINA Co-oper- atives in Cmindn are beginning lo worry business, Tony IMinlcn, general secretary of tlio Ottawa based Union of Canada said Thurs- day. Co ope r al i ves a re 1 m s iiicss n.s owned in common by con- sumers formed to provide goods or services to its mem- bers nl lower prices. He said in a speech lltat the success of credit un- ions is causing concern in bmik- inf circles that co-ops handle the largest percentage of nulo insurance in five of Canada's 10 provinces and that wheat co- ops will eventually handle aT grain production in the West. Mr. Phalen also said thai co ops among native people grossed million last year in .In: salo of native handicrafts. "Now is the time for us io move into the health services in he said. Livestock market report Letlibridge Livestock Lang defends cost of grain hopper ears Trillion price fjovernm tint's porate lax was However, what million. damages Lewis argument is that The for tlie federal fleet of grain hopper cars was determined by public lender and represents Ihcir Inic market, 'value, says OUo Ijang, minister responsible for the Canadian wheat board. Mr. Lang rejected a charge made hy Conservative Jack Murlfi fLLsgar) that the gov- ernment was paying million more for tho hopper cars than a private firm would charged. The ffi million figure Sales Monday ot eal- :lc calves It; hogs amhs 170. Butcher cattle prices 25 cenls higher. Cows, 50-1.00 lower. He- placement cattle prices steady to strong. Trade active. Ciooil find choice butcher steers meeting good demand prices 25 cents higher. Good sidling in and choice heficrs selling about mcnt in steady. All classes of cows 50 lower. Medium and good slockcr and feeder catlle meeting good demand prices ahoul steady. SLAUGHTERS Steers: choice, 31.50 32.80; good, 31-31.M. Heifers: choice 20.60 30.20; good, Cows: good, 25-25.90; Med- ium, cutters and can ners, 18-23. Cocxl heavy feeder steers over SOT Ibs., gooi feeder heifers, 2ft.IXKU.50; gooc stock steer calves .M-.tli. HOGS. LAMIIS i Butcher hogs sold this week ut the Lclhbridge Yards M.25- hase price. There were hogs sold for export. Wcan- cr and feec'cr hogs .sold about steady. Wcaiicrs. n.25-17.75; light feeders under 100 Ibs., 19.50- 27.75; heavy feeders over 100 Ibs., 32-33.50; heavy feeders over 130 Ibs., 32.5040; light (coders under 100 Ibs., sold per liundrcd- 'eighl. Heavy feeders over 100 is., sold from 4.75-31 per Good lamhs sold 25.50-26. Oood steer calves tinder 850 pounds, 4B.50 to 55.00; slcer calves over pounds, 41.75 to Wenncr hogs, to ttl.OO. Light feeders, to Heavy Feeders, to J52.00. Light sows, to Oltftwa -waclfly Hvcsl.och report OTTAWA (CD Action on the slaughter cattle market was dull to moderately aclive with all classes under pressure re- a downward move- prices for choice steers, choice heifers, choice heifers and good cows. Replacement catlle generally were steady. Calves held steady with lamb prices show- ing losses. Hog prices in all centres advanced. Recipts of slaughter cattle at the nine public stockyards from Monday through Thurs day totalled approximately 24, nipeg 23 to 24, Saskatoon SJ to 23.50, Edmonton 25 to 26.50, Calgary 25 to 26. Index hogs: Toronto 40.75 to 42.90, Winnipeg 30.60 to 38.40, Saskatoon 35.110 to 36.35, Ed- monton 35.55 to 38.15, Calgary 30.05 to 37.75. Grain prices Winnipeg Grain based on the difference I'M "r'oll.r this" year, while an- good demand with a resurgance other oils tnis year, im- five million will enjoy a I for moderate prices fur. EAK FLAPS Water docs not get in a croco- dile's ears because it has flaps which can be closed tight when necessary. FEEDERS FARMERS WELDERS HANDYMEN HOMEOWNERS We carry a complete ilock of STEEl IN HATS ANGLES CHANNELS BEAMS WIDE FLANGES RAILS ROUNDS SQUARES PLATES SHEETS RECTANGULAR AND SQUARE TUBING REINFORCING STEEL _ WIRE MESH PICE GALORE FOR FENCE POSTS CLOTHESLINE POLES CARPORT COLUMNS OR FOR ANY OTHER USE YOU MAY HAVE. TONS TO CHOOSE FROM your truck and load up al bargain prices Bring Bring In We also deliver locally _ roolotl Andion JIM or JOE JURIS Bulls Audion Morsel Pitlure Alto. niUd 16 norlh of Ulhbridrjn Hirjhv Phone 732-4400 Picture BulU ny 75 hie companies. Today Ihere are slightly over about an Increase of corporate tax- payers. In 1950 there were only million individual taxpayers, hut this has escalated to eight million today. It is not corpo- rate free riding which accounts for the comparative in indi- vidual share of income lax, it is the great increase if six million individual taxpayers compared lo an increase of only new corporations. Also, the I.evvis theory is shaken when one considers that through more intensive bargain- ing with employers over the past 7.0 years, employees arc getting a much larger piece of the pia today, and therefore have a greater percentage of the taxable income. Canadian Tax Foundation figures show that in IBM Canada's individual taxpayers received income of hiflion while the corporations got billion. Today, individu- als take home S50 700-per-cent increase, while he corporations earn about bil- lion, about a 300-pcr-ccnt in- crease. Thus Mr. T-ewLs1 argument is self-defeating. The greater indi- vidual percentage of tax is caused hy rapidly growing earn- ings being received hy a rapidly expanding number of people, rather than bocau.-e of a tax- free ride for Canadian corpora- tions, which remains, along wilh Ihn highest in Ihe world. Olr Asprr K 3 kiu- 1 VCT) i'ul.iircs WINMI'K'I ICI'l -Live href filnres al Kriday: Kcp .'IIJXIN; Jnn 31.75N: May :n Thursday's volume: sil con- racts were not by public tender. He was satisfied that the gov- ernment was paying the same price that would he demanded of private railways at that lime. M-F records hike in profits TORONTO (CD Massey Ferguson Ltd. reports a strong recovery for the nine months to .July SI with profit of or a share, up from S7IB, 000 or four ccnLs a share a yea earlier. Sales of the Internationa farm machinery anrl rclategna hulls, 27 to 30; Ijutchei Lulls, 30 to 31. Light slcer calves under 400 pounds, 47 to ftf; sleers, 500 to 300 pounls, 10 to 40.25; steer 650 lo 850 pounds, 33 lo 41 shortkeep steers, 32.50 to .15.50 holslcin feeder steers ove 950 pounds, 31.411 to 33.25. Light holstein feeder bull and steers, 34.50 to 39; ligh heifer calves, 35 to 38; feede heifers, 33 to 36.40; plain qua ity heifers, lo 32; cows 21 to 25. Market hogs, dressed weighl 35.15 to 38.35; good weaners lo 1C to 22; light yveaners, lo 15; feeders under 100 pounds 2.1 to 27; feeders over 10 pounds, to 41; bred sow and gilts, 70 lo 05; and ligl beef and holslein calves, pending on breed, size quality; 90 to 189. 935 head, head last week and bclov.' Ihe cor. responding week in 1971. Eai'lern market deliveries were head and western market deliveries head. Choice steers: Toronto .15 to :iti. Winnipeg 33.SO to 31, Suskn- toon 32 to 32 to 33, Calgary 32.50 lo 33.90. Choice heifers: Montreal 29.75 lo 32.25, Toronto 32.50 lo 33.50, Winnipeg 31 lo 31.50, Sns- kaloon 30 to 30.75, Edmonton 30 lo 31, Calgary 30 to 31. Good cows: Montreal 2C.50 lo .50, Toronto 25.51) to 20.50, innipcg 2-1.50 to 25.50, Saska- xm 24.50 to 2Q, Edmonton 25 28, Calgary 20 lo 27. Good feeder steers: Toronto to 44, Winnipeg 33.50 lo 42, iskatoon 33.50 lo Ed- lonton 34 to 44, Calgary 32.50 30.25. Good and choice veal calves: tontreal 50 lo 50.50, Toronto 8.48, Winnipeg 48 lo 53, Saskn- oon 43.50, Edmonton 45 to 50. Good lambs: Montreal 27.25 o 29.50, Toronto 30 lo 34, Win- WINNIPEO quotes Friday (CM Grain (basis Lake- High Low Close Klax Oct 31C Nov 311 Dec 302 May 311 FOTt ISKAKI. TKI, AVfV American fund raisers collected a record million for last year. topping by S24 million the pro- high raised after the Middle war, lire Unilcd .Irv.irih Appeal Motl- rliiv. Taber Livestock TABER Prices remaina steady to just a little stronge on most classes of cattle Ih week. Only a few butcher steers were offered and these sold cents higher. Cows stead; Bulls steady. Heavy fcedi steers 50 cents stronger. Feci er heifers 25 cents higiic Steer calves steady. No hcife were offered. Weannr hogs we down Feeders hoi steady. Good to choice cutcher slier 32.40 to .12.90; fair to mediu butcher slecrSj 31.00 lo 32.30. Good cows, 25.50 (o 2B.OO: fair lo medium cows, 23.00 to 25.25. In za.wi. (iood yearling feeder slecrs over pounds, .31.00 !o 35.00; fender slcer.s C.50 lo KOO pounds, .Ki.flO to 42.85. Shows profit Scp N'ov Ian U or 314 IllO'.i 301 31l'l 310 sfcil Vancouver 255'i 251 258 255Vl W 2.57 257'A 5-55 314'i 311'i 3II 254 2551 i 257 J-i llancsiTd Tliunrtcr Hay 1 __ OS' 252 z Oct Nov Due May Oals net Dec May Jly Ilarlcy Oct I2l Dec 121 May 125 Jly Ityc Oct Dec May Jly VB'.'i 7B 114'i IJO'.'i 251 248 241 2491 i 1T.2 tffi'i )203' 120V. 124' 252 250Vi 7BV'l 78 til vi 81 124% 125 11'iV'l 120 LONDON (Rculcr) Rolls- loyce the govcrnmenl- ral group lhat look in Ihe o engine and gas lurhine in- erest-s of the bankrupt Rolls- Royce company, produced prc- ax profits of nearly ast year, It was disclosed lere. The figure was the fii-st set of accounts from the new com- lany for trading tetween May 23 and the end of 1'JVl. After all charges, including 55 million set aside for future develop- ment, net retained profits were Aero engine was nationalized last year following the com- pany's financial collapse. SELKIRK HOLDINGS LIMITED DIVIDEND NOTICE NOTICE IS HEREBY GIVEN tlrnl 3 quarterly dividend of Iwelve tents per stiaro hai been declared on tho oul- slondina Clan "A" non-vot- ing shares nominal or par value in tho Copital Stock o! Iho Company pay- able on September IV, 1972 lo holders of Clasl "A" shares of record al Ihe close of business on Scplember 1 i, 1972. By Order of the Board f. T. W. NASH, Secrelmy. Toronto, Ontario. Aurjuit 17, 1972. Kinqland, II'lvredilli iJnMrancel INSURANCE IS JUST NOT PART OF OUR BUSINESS -IT IS OUR ONLY BUSINESS Phone 327-3009 CONN VAN HORNE JACK WARBURTON .S07A 7th STREET SOUTH WEDNESDAY ot 1 p.m. SPECIAL FEEDER HOG tind BABY CALF SALES SLAUGHTER HOGS ASSEMBIED AND SOLD MONDAY TKfiU FRIDAY WE BUY FAT AND FEEDER LAMBS MONDAY THRU FRIDAY FRIDAY cit 10 ci m. fAT AND FEEDER CATTLE SALES (il 1 p.m. SPECIAt STOCK CALF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS ED FRENCH 328-3986 0AM KIASS6H 34S-43S8 KEM WltttK. MAGRATH 758-6607 tOU 327-9S48 WHIT HSNINGES CONSIGN All YOUR. UVESTOCK TO C. E. FRENCH UVESTOCK LTD. I.'I IHF MFAPT Of PAMCHING CGIltttP I 326-7354 AIBE8TA STOCKYARDS Phono 328-3986 P.O. BOX S-S 1-1-7 IETHBRIDG2 REGULAR CATTLE SALE EVERY MONDAY AT 1 p.m. COMMENCING WITH THE SAIE OF MONDAY, SEPT lllh SALES WILL BEGIN AT 11 A.M. HOGS SELL AT 11 A.M. NOTE: NO SALE MONDAY, SEPT. 4lli LABOR DAY PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR NIGHT GARY JENSEN THE STOCKMEN'S MARKET 300 TO 500 HOGS SEll TUES., at 1 p.m. ALSO DAIRY COWS BABY CALVES SHEEP SPECIAL FOR TUES., AUGUST 29th 300 LIGHT BEEF AND DAIRY TYPE CALVES weighing 150 to 400 Ibj. Market Hogs Shipped Daily 500 FEEDER AND FAT CATTLE Thursday 1 p.m. HEAD 500 SPECIAL YEARLING FEEDER SALE (INCLUDED IN OUR REGULAR SALE) INC1UDINC: 100 HEAD fROM BILL LOKIER RANCH 40 HEAD FROM RETI RANCH PERLICH BROS. AUCTION MARKET ITD. lot tit eel Tn tho Hub of Southern Inclutlry 3 milot dmr of Lclhhricltfo on Hfghwtiy 3 nnil U mlln toulh BOX 1057, LETHBRIDGE PHONE OAY OR NIGHT 32B-3951 ;