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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 2, 1972, Lethbridge, Alberta 2, 1772 THE HERAID 17 Golds slocks dip others move up TORONTO CCP1 Gold is- sues on tils Toronto stock mar- ket edged fractionally lower while pricts in the major sec- tors movcl higher in moderate jnid-mornhg trading today. The indistrial index was up .61 to 20306, base metals .35 to am oils to GMs .25 to 175.50. Volume hy 11 a.m, was shares, (own from ilW.COO at the same tino Wednesday. Advances outnumbered de- clines IB to with 214 issues unchanged. Bsverige, industrial mining, oil refiling ami real estate stocks novcd higher while bank- log, communication, merchandis- ing anj pipeline issues drifted lower. AquLaine was up lo Dbmta; V> to Imperial Oil '.t to 534, Placer M> to SJHz, Pan to and Ca- nadian Hydrocarbons to Na-CHirs International gained to 511 Is, Falconbridge Cop- per to Deniscm to 15 cents to and Steto to Texas Gulf Sulphur fell Vi to CP Ltd. to BeUile- hem to and Canada lenstar Ltd. to 5151s. Alcan leclined to On the American Stock Ex- change, Canadian Javelin was up to mnes, musir iriah m t oronto (Supplied By Richardson Securities cf Canada) LAST HII> OR SALE a.m. Quotes) 18.00 VI J-0 3353 JS.M 34.25 .65 11M 10.75 9.JS Jll'j Cdn Canada SS Ctfn Marccnl Cdn Vickers Chrysler CPR Comlnco Cons BaHi Cons Gas Cdn W.N. Gas DisI Sea Dom Bridge Domtar Dam Textile Dom Stores 1.15 ao.GQ 16.IS 1J.5S Pac Weit Air 4.0S Sfain Int'l Re 7.5S S.C7 OILS 1J.35 Albany 5.52 (U7 Plains Pe1e Exploration! 15.75 Neiv York stocks (Supplied By RicTiardson SccnrHics of Canada) Amr T and T Anaconda Bern Steel Chrysler Comsat Hog prices EDMONTON (CP) Aver- j age prices to U a.m. provided I by Ihe Alberta Hog Producer's Marketing Board: Edmonton; 29.10, average Wednesday Red Deer: 29.10, a ve r a ge Wednesday 29.10. Cal gary: 29.10, average 4325 Scars 18.37Vs Sfd Ol of tJJ. Texas Gulf Texfls Co 73.50 Wicks Ccrp 16-1.50 Wcohvorlh V.'PSl Elcc U.S. Slefll 20 Golds 17361 tff .11 10 93.23 up .S? 120.1211 15 West Oils 227.55 Up ,31 Vdume NEW YORK AVERAGES Carter Koyal Coir.mission, lhal fcdcrnl reform was hatched in a vacuum and necessarily pro- cessed without, faking into ac- covmt. 1110 prospective provin- cia- and municipal needs. Per- il aps this was nppropri ate a decade Ego when the main taxing authority was the na- tional government, bul today local governmcnls tax about as m uc li a s the f cdc r aJ. Th u s you update l.he federal system you have polished only one side of the coin, the opportunity to har- monize atul create a national symmetry between all three taxing authorities may have been lost, nevertheless, the need for and municipal tax reform remains urgent. In fact, even more pres- sing today than was the need for federal reform when that process began in 1962. If eral tax reform dominated the 1960's, it is a safe assumption that, the 1070's tetong to pro- vincial and municipal rax re- shaping. Although the a ve ra ge tax- payer makes little distinction i between the breeds of dog th.it bile him, the fact is that- he jayes more in taxes to the ocal governments than to ihe senior authorities. And the system is less fair than he federal was, even before ;he f ederai ref or m pi an was devised. Unfortunately, all discu-ssions on tax reform whatever the government level involved, begin by ignoring' (he funda- mental issue: the amount being spent by governments, CENTRAL ISSUE While the following observa- tions do not break with this tradition, it must bs observed that, general tax relief, to Norlh Boy in Juno (hit year. Washer W.T. or S79 end SM per month Dryer or down and S8.SO per month 736 13th ST. N. ;