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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 27, 1973, Lethbridge, Alberta 10 TH! lETHSSIDGt wfRAiO Sclurdoy January 17. 1973 Livestock market report Ottawa Livestock OTTAWA ff of cattle and ci'-'-e ver 31 Iivi-ipts fertxi. A gcsti r c-.'i- in active -Mcir..; '.o stronger price? Good yearling feeder heifers. J--J4 .v- '.'o _'7 37.75 to 39: fair to medium, 35 uiv :ind choice veal caVes: Io 37.50. 33-63: Toronto Good steer calves, X to y.50; jo C'5. Susk-uoor. (sir to medium, 17 to 51.50: 5n. Edmonton calves from 250 !o SCO FiViii'r ovvr 750- Tor-. pounds. 54 [o 60. Sas- Good heifer 4" to 'IJ-4J. Edniomon ,15-M: 45.50, fail- to medium. 39 to calves 4LM-373: Char Cross heifers 500 iJ.-iT: Wiinipeg 40-ii: poimd5. 50 to 51'. -il' Edmonton hogs, 11 to 23.50; Ught j reported Fridriv L'aliiiy leaders. 25 to 37: heavy feed-: The dermad fur A-l nr-d A-: Feedor holier cow? over 550: ers. 40 to 63.50. "o .'ood Tivwr.3 .35-37. Winnipeg 32-37: io i'.rj-t-r Prices iaskatcon 39-3775. "Edmonion Lethbridge Livestock j usder 'X-ji. Cslgsry 52-33. Sales Monday io Friday: D-l ar.d D-: c-ri fee-dor calves 401-5W: cattle 127. calves 356: hogs rhe i-es; v-v-v a WLmipea 33-40: :.ij9i. larr.ijs 317 to '-'.-.h SaAntwa Jo-45 E.imonton 35- Butcher cattle prices steady e'" :o a 4- Canary to strong. Replacement cattle rr.cdera'e derr.arxi. Lkxc Montreal -'S-33: jtrong. trade active. calves t.-e 3J-io. W-irdpeg S- Slaughter steers and heifers ready :o a -cc- Nisisjoor. Edsior- condnued w meet good de- to n'lar.d pnces 50 or ?asp.e-i pri.-e? a _ i'cet hcg> Mor.t-ea! 42: rrcre higher. Heifers remain- :o re- loront? Winnipeg ed steady to strong. All classes ir me- o: COT.-? sold readily with" 40.7? 4J DO: CaJ- prices 25-50 higher. Kecer.iLs d csr.'.e ice Medium good siocker :o '.or- i -wder canle meeM.s aood S -ead en Perlich Livestock dercar-d strorig prices" up to ce- _ for feeder lrere ''vers .read. m SLAL'GHTER -ves-x-k sclc this '.vees at Per- Al and Ai 39.50- 00-39 73. Heifer: Al and Al' 35.80- 3 con- v A 3 mal otter. A mard IT: :rt for icecer Srfv BrJS a cerr.dr.c Feeder reer 575 pourds in stronger were sieady Feeder v e 5-V1 rcurxis in :re wes: i de ir.d Fhi> pr.ces "LAUGHTER CATTLE Dl 33C K 25.70-17: REPLACE'VrE.YTS Gixd be5vr feeder sreer? 39.'0-39.50. 'U.S. draining Canada's cash' Treasure Hunt _ REPLACtytEXT CATTLE choice g-xxi heir ers M.CO- cslv-re _. -j- 33-45 50 gretj frocl tc or SSO-5340 per head HOGS. Butr.he- hoes c-ocs! water ond debris for Chinese art irecsure; and turni- or a .-rixsd with generci including mere than 300 tons of walnut -ens c- soccer the worn vaiv; was turned on by mis- T-s -ii "cp occurred en the Greek ireighter Aegis Bravery, bound for Vancouver end r-io-e suscicious rha; {here is there but c "ess C-T g'sysn coo cr. said. ra.v Lves over .rs cualrry freer met cood de- mand. Wearers sold 1-2 hither. Heavv feeder? h: rrsr LJght feeders 24 30.73. 1W !3C its. Vj r- --.ILJ SCHWARTZ AGENCIES _ (1972) LTD. SSiFate of Liberal sov't 130 ibs. g Strides on budget speech KW feed- C1 I 41 -.lillty 29] HOC? AND SHEEP Market h o r s 'ir By I. H. for the fo: rapprwhe- Tax FoiLKianon there -eeibE. he renwed his pledge ur.d'vh.-t-cly ranx'as s-71K-er fEK'- P; lne '-o reform the refa-ra. Ke cai- s oi corsiderable no: ao i: all in o.-e fell yea- Ir Dlain practical rscauie that wxiuld he aL-r.ost !e.-r-5. 'he ri-verr.- !sTe a? cSsruprive to the economy as is rhe original reform law 'at rveil c-e at this has never for vrrww miLOS are the Fi- so fashioned as to enable them ranee T'-rzer Cora'oS. a motzor. Grain prices Winnipeg Grain Mel Hurllj, an Edmonton publisher, Is co-chairman of the committee for an Independent Canada. By MEL HVRTIi; New York Times Service Canada has more foreign ownership than all of the Euro- pean countries; combined, and each year the level has been in- creasing. All across the industrial and. natural resource structures. American corporations, which account for about SO per cent of foreign oraership in Can- ada, dominate. For two or three generations it was very much to the ad- vantage oi well-to-do Canadians to sell out for the highest possi- ble price. Buyers usually came from belon- the 49th parallel. i Meanwhije. Canadian politi- cians, from prime ministers to provincial premiers to rmmci- pal u'ere q'.iick to explain to the electorate how lucky Canadians were to have 1 access to United States dollars ;ivhich helped develop "our'' industry. I AGITATION Despite 16 years of growing 1 public agitation. Canada has accepted overwhelming foreign ownership to the degree that other nations point to the north- ern half of the North Ameri- can continent as an example of what mas be avoided, at all costs. For the last few years e stream of studies, statistical data and economic analyses have poured forth from feder- al and provincial government agencies, academia and seg- ments of the business corn- muni ty. ASTONISHING To say that the results are astonishing is typical Canadian understatements Here's a brief of what Canadian high school and university students, teach- ers and professors, housewives and businessmen have recent- ly been learning. Canada is a net expoiter ol capital to the I'mted States, not a net importer; The annual outflow of m- teresi, dividends, management fees and other service charges is running at about f.'.S billion. The mos- recent four-year outflow exceeded the previous 10-year inflow. The projected outflow for 1972 to 1975 will be more than billion. For the nineteen-six- i ties the outflow was S2.5 bil- lion higher than all new capi- tal entering Canada. KEEPS GROHIN G But ivhile money has been draining north to south. United States ownership in Canada continued io grow it doubled during the sixties. From 19M to IS67. United States assets in Canada increased by S2I bil- lion, while American compan- ies still exporting profits. Only 19 per cent of the Ml billion came from outside Canada: the rest was generat- ed from retained earnings, de- preciation, hospitable Canadian banks and other financial sources. Most of the two way between the United States and Canada being done between subsidiaries and parent com- panies. Growing evidence shows that natural resource subsidiaries are e.Tportirg to the United States at iow prices, while manufacturing branch plants in Canada import from parent'; at high prices, tn the process Can- ada Iwe? selling, buying, oro- per development of secondary industry and tsx revenue. POOR TRADF.RS In sum. Canadiarts have been terrible bilateral traders. For all John B. Connally's bluster- ing, the United States has been Bering a terrific deal, includ- ing a billion current-ac- surplus during last 17 years. Changes are surely not radical changes: there it litt'e uke'.ihood of nationaliza- tion. But the rules will be sub- stantially changed, and forogi investors irnore this certaintr at some risk 113 'V'. e-i-es 19 W. Corrmnd- remaic- cornmiLted a to understand it1 IE the tai Mr. Turner should move deci- reform plan Many liberal s'.vely in his cudgel and his Us mernhers of Parliament who rropcsais. but oc ail fronti. Escha.iro Friday" Canada -to f.-2 sacr-lw ar H- must be to simplifv election. Plarjrf ou conceae ciarify the nev law. aitb- oin. 5hare of .L_. t.-.a: tre reiorrc .er.slat.on sas out chanting its concepts, hcw- heat price? strong: other grains steadv unen nona! prenoraeEorn of his- i5ctor Ln a-elcome such changes ET.d threatened :ea' LF to conquer ai circi i Trances. Conserv'atrt-e for a senes OT" to prjc- i-mcnr-e. I- they learned some- The mistake was ?-.a.-per. i: f-om the Oct. 30 election by the government's failure to verdict, they uii: be ph'able. EXCLUSIVE DEALERSHIP Oppcrrurilies as availcD e for o liT''ed to acquire ;3r the cockier rew DYC.KE5 Hl- PCP SPRINKLER pressure'. ir.'H-t NO FRANCHISE FEE PIEASE AODRiSS INQUIRIES TO ELJAY LAWN IRRIGATION LIMITED (0 SATCSEST PLACE. CA1CABY, AtBEfiTA Jlv Oct -----___ 4591, Rapeseed Jan ___ iv Mar ----___ ir., Vcv -----__ Rapesesd Thunder Bav May '355. .ornlc of Ecrnon- plificatlon. c'.arity acd _ _..... public rseds DO such inati-.e to Pnvate.y tr.e rec- c-nvjcirig. Until St Turner REGULAR CATTLE SALE I EVERY MONDAY AT A.M. i HOGS SELL AT 1' A.M. Don content to ona oHsr a> home, consign VOUT liveiicxk to ui, you ora guarantaed to hava iht Auction Ring full of Buyen to bid on your product SPDING IS JUST AROUND THE CORNER UNE UP YOUR FARM SALES NOW WHILE DATES ARE AVAILABLE PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR NIGHT Auctionoar JOHNNY CHARLTON Salei lie 293 GARY JENSEN Oc- Vcv Oats May I'i J'.y 11 Oct Barle'. ----------Ki: i