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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 19, 1973, Lethbridge, Alberta 10 THE IETHBRIDGE HERALD Snfurday, May 19, 1973 More cash for farms? By VICTOR MACKIti Herald Ottawa Bureau OTTAWA Fianance Minis- ter John Turner suggested in the Commons this week the fed- eral government has under consideration the need to raise the interest ceiling on government guaranteed lending programs to make more money available to farmers, fisher- men and small businessmen. "It may well be that be- cause of the fundamental change in the interest rate structure, not as much money as we would like is now being regularly channelled into loans for farmers, fishermen and small businessmen. The gov- ernment therefore has that matter actively under consid- eration to determine whether adjustments ought to be he said. David Lewis, New Demo- cratic Party leader, raised the question. He noted reports that loan money flowing under fed- eral government guarantees to farmsrs, fishermen and small businessmen from the charter- ed banks is starting to dry up in the wake of recent increases in general bank lending rates. Mr. Lewis said this is as a result of the interest rates at which loans must be made being .lower than the prime in- terest rate to which the banks now have access. Government guarantees of loans to these three categories of borrowing have an interest rate ceiling of 6.25 per cent CAN-AM LTD. CHiANiNA SALE 175 LOTS WED., MAY 23rd 12 NOON PERLICH BROS. AUCTION MARKET LTD. NOTE PRE SALE TOUR OF PUREBRED CHIANINA'S AT THE LETHBRIDGE RESEARCH STATION WED., MAY 23rd CARS WILL LEAVE PERLICH BROS MARKET AT A.M. SHARP For further information contact ALEC SERA 327-5528 PERLICH BROS. AUCTION MARKET LTD. 3 miles East of Lethbridge on Highway 3 and Vt mile South P.O. BOX 1057, LETHBRIDGE PHONE 328-3951 THE STOCKMEN'S MARKET 300 TO 500 HOGS SELL TUiS., at 1 p.m. ALSO -DAIRY COWS -BABY CALVES -SHEEP SPECIAL FOR. TUESDAY, MAY 22nd 70 BABY CALVES 2 BROKE SADDLE HORSES Market Hogs Shipped Daily CAN-AM CHIANINA SALE WED., MAY 23rd at 12 noon 175 HEAD 175 Including: 25 Weaned V4 Blood Chianina Heifers 25 Weaned Vi Blood Chianina Bulls 20 Vi Blood Chianina Heifers with dams 20 Vi Blood Chianina Bulls with Dams Majority of above cows are re-bred Chianina 45 Cows bred to Chianina SEE ADJACENT AD FOR TOUR INFO YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday 1 p.m. 800 HEAD 800 Including 90 replacement Heifers from one owner. GIGANTIC CONSIGNMENT EQUIPMENT AUCTION SAT. JUNE 9th 10 a.m. LISTINGS NOW BEING ACCEPTED For information contact TONY VIRGINILLO Phone 345-4291 SUMMERTIME EXOTiC SALE WED., JUNE 27th 1 p.m. EXPECTING 200 EXOTIC FEMALES Early listings 20 Vi Maine Anjou Heifer calvei with 20 Vx Chianina Heifer with Dami 2 Vi Simmental Heifers with Heifer talvei 10 Vi Simmental Heifers (bred) 10 Vi Simmental Heifers (open) 4 Vi Blonde D'Aquitaine Heifer calves with Dams 3 Murray Grey Heifers (open) ____________LISTING DEADLINE SAT., MAY 26th LIST YOUR FARM SALES EARLY AND BE ASSURED CF A GOOD SALE DATE. PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southern Alberta's Livestock Industry 3 miles east of Lethbridge on Highway 3 and south BOX 1057, LETHBRIDGE PHONE DAY OR NIGHT 328-3951 except where a farmer is buy- ing additional land as part of an improvement scheme. In that case the rate is frozen at 7 per cent. Barfts are now charging seven per cent at prime rate. The rate on normal commer- cial terms is about IV'z to two points above the prime rate. Mr. Lewis suggested the mi- ister should discuss with the governor of the Bank of Canada ar.d heads of chartered banks the possibility of making a cer- tain percentage of capital available to the people in the categories at the rate the gov- ernment has frozen. Grain prices Winnipeg grain (Cp) Oilseed prices traded over a broad range, closing at or near the upper limit of 10 cents higher in all months of the Winnipeg Commodity Exchange Friday. Feed grains also registered gains, with rye more than six cents higher in most months. Thursday's volume of trade was bushels of flax, 2.- 185.000 of rye and of rapeseed, The Winnipeg Commodity Ex- change will be closed for the Victoria Day holiday Monday. Thunder Bay export wheat prices were up cents. Grain quotes Friday (basis High Low Close Flax May 540 536 515 478 540 489 478 Jlv Oct 489 Nov 478 Rapeseed Vancouver Jun 380 3773i Sep 357M: 377% Nov 367% Jan 359Ts 343 359Ts Rapeseed Thunder Bay May 376% 360% 37r Jly 369 '2 353 366 Oct 354 354 Nov 347 Oats May 1157s 115 1157i Jly 315 1147s 115 Oct iio3i 303'2 iron Dec Barley May 1695s 169Vi Jly 168 166'i 168V2 Oct 160 155'i Dec Rye May 158U Jly 160 Oct 164% Dec 163 Computerized reservations for airline VANCOUVER (CP) Paci- fic Western Airlines has an- nounced the introduction of a new fully computerized re- servations system. The airline flight information electronics system, which bagan operations Thursday, provides schedule information for all Pacific Western Airlines and connecting services, main- tains flight inventory control and passenger data and pro- cesses messages. Sprinkler time Hog sale EDMONTON (CF) Aver- age prices to 11 a.m. Friday provided by the Alberta hog producers marketing board: Edmonton: 44.35 average Thursday 44.28; Red Deer: 44.75 average Thursday 44.08; Calgary': 44.90 average Thurs- day 44.50; Lethbridge: nil aver- age Thursday 4472; Lloydmin- ister: nil average Thursday 44.45; Fort Macleod: nil aver- age Thursday 44.35. Total hogs sold to 11 a.m. Total hogs sold average 44.33. Total sows sold average 33.55. REGULAR CATTLE MONDAY, MAY 21st VICTORIA DAY NEXT SALE MON., MAY 28th A.M. Don't be content to accept one offer ;