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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 27, 1971, Lethbridge, Alberta ouy, Octebtr 27, IHt UTHMIDbi HtkALU 27 Market prices up fractionally TORONTO (CP) Prices on the Toronto stock market edged fractionally higher in slow mid- morning trading today, inter- rupting six consecutive declin- ing sessions. Tho industrial index was up .14 to 161.11 and base metals .03 to 71.02. Golds were off .16 to 146.38 and western oils .92 to Volume by 11 a.m. was shares, down from at the same time Tuesday. Record sales for Chrvsler DETROIT CAP) Chrysler Corp. reported here that it chalked up a record billion in sales for the first nine months of the year, up 14 per cent from last year's sales of billion for the same period. Net earnings for the corpora- tion rose to million or 9V cents a share, compared with a net loss, as restated, of million, or 31 cents a share, for the first nine months of 1970. The automaker said sales dur- ing the third quarter, including its consolidated subsidiaries throughout the world, set. an- other record. In a joint statement by Board Chairman Lynn Townsend and President John Riccardo, the improvement in auto sales was attributed to "a healthier eco- nomic climate." "Current high levels of per- sonal income and savings _ and rising public confidence stimu- lated to some extent by the wage-price freeze have an im- portant influence on the willing- ness of consumers to buy auto- mobiles and other durable Townsend and Riccardo said. CM REPORTS PROFIT General Motors Corp. mean- while announced it made a profit of million in the third quarter of this year, bring- ing the giant firm's profit for the first nine months of 1971 to billion. Sales in the third quarter set an all-time record for the pe- riod. The profit compared to a loss of million in the third quar- ter of 1970. GM built no cars in the last month of the quar- ter last year because of a strike by the United Auto Work- ers. ByGeneFawcelle ELECTRONIC MONEY COULD ELIMINATE CASH, AND CREDIT CARDS; A NEW BRITISH DEVELOPMENT USES CARDS CHARGED WITH "IMPULSE? WHICH "PAY'FOR PURCHASES BV BEING AUTOMATICALLY DECREASED BYA CERTAIN NUMBER WHEN INSERTED IN A SPECIAL REGISTER L.THENUMBCR OF mewses USfOfOR THf TRANSACTION AMD OTHfK OATAARERe- COROeD FOR BANKING IN A CemiM COMPUTCRf nil-odd rolled. Declines outnumbered a d- vancej 103 to 80 with 176 issues unchanged. Beverage, real es- tate, food processing and utili- ties were among the market's strongest sectors. Chemical, pipeline, oil refining and gen- eral manufacturing issues drifted fractionally lower. Genstar was up 'A to 511, Bow Valley to Placer to Hudson's Bay Oil and Gas lo and Hollinger 14 to Walker-Gooderham rose 14 to Alcan 14 to Dylex to Canron 14 to Imperial Oil It to and Price 14 to Supertest ordinary was down 114 to Aquitaine to Great Lakes Power lo Hudson Bay Mining 14 to Western Decalta 15 cents to and Inco Vs to STOCKS NOON MONTREAL (CP) Prices continued to slump in light trad- ing on the Montreal stock mar- ket today. On index, industrials were off .36 to 165.98, banks .49 to 202.41, the composite .27 to 166.02 and papers .26 to 64.85. Utilities were up .13 to 144.35. Combined volume on the Montreal and Canadian stock exchanges was shares compared with at the same time Tuesday. Royal Trust gained 14 to after reporting a consolidated net operating profit of mil- lion or a share in the nine months ended Sept. 30. The company, which reported a re- stated profit of million or 94 cents a share in the .corre- sponding 1970 period, attributed the increase to an expansion of its operation in the third quarter of 1971. Reichhold Chemical gained 14 to 39 and Walkcr-Gooderham to Falconbridge fell sharply, dropping to The com- pany's dividend reduction has triggered a steep slide in the last week. Aquitaine lost to and Canadian Cablesystems to MODERATE TRADE NEW YORK CAP) The stock market decline went into its llth consecutive session I today. Trade was moderately ictive. j The noon Dow Jones average i of 30 industrials was down 5.41 i to 839.95. Genstar Ltd. rose 1-4 to but other Canadian stocks were down. Distillers Seagrams lost to Off 14 were Dome Mines at Granby Mining at and International Nickel at 287s. On the American Stock Ex- change, Canadian Marconi tacked on Is to Olf Is were Brascan at and Jupi- ter Corp. at Net earnings By THE CANADIAN PRESS Aquitaine Co. of Canada Ltd. nine months ended Sept. 30: 1971, 64.3 cents a share; 1970, 51.5 cents. Canadian General Electric Co. Ltd., nine montlis ended Sept. 30: 1971, million, a share; 1970, million 83 cents. Crestbrook Forest Industries I.dl.. r'-ie Sr-.t. 30: 1971, loss; 1970, loss. Murphy Oil Co. Ltd., nine months ended Sept. 30: 1971, SI.02 a share: 1970, Livestock report Lethbridge Livestock (Supplied liy Canada Department of Agriculture) On offer to 11 a.m. 125 calt'e. Receipts mostly slaughter caltlo. Trade active. Good and choice butcher steers meeting keen demand. Prices 25 to 50 cents higher. Good and choice tellers 25 cents or mere high- under good demand. All classes of cows 50 cents or more lower. Replacement cat- tle steady. Choice steers: 31.23 to 32; gcod 30 to 31. Choice heifers: 30 to 30.50; good 29 to 29.75. Good cows: 21 to 21.50; me- dium 20 to 21; canners and cut- ters 17 to 19.50. Good light slock steers 600 to 750 Ibs. 3-1 to 36.50. Butcher hogs sold Tuesday Lethbridge 22.55 base price. Calgary livestock CALGABY (CP) Receipts on Hie Calgary livestock mar- ket to 11 a.m. totalled head, mostly good to choice slaughter heifers. Trade was .stror.g and active with a good lecal and eastern demand. Slaughter steers sold steady to 25 cents higher. Medium to good holstern steers were in good demand, selling 20.90 to 30.50. Heifers were steady with sales to 31.30. Cows were rela- More banks Dick Bateman All Invitation from NW Investments Ltd. The North West Life Assurance Company of Canada You are cordially invited to request the presence in your home of OUR MAN IN LETHBRIDGE to illustrate the power of a balanced financial plan. YOU ONLY LIVE ONCE; THERE IS NO SECOND TIME AROUND AND THERE IS ONLY A LIMITED EARNING PERIOD. To find out how you can get the best of two worlds by a Dual Dollar Investment Programme, call in a professional. Mail this coupon now To: Dick Baleman, 609 10th St. S. lelhbridgo. Ph. 327-5137 Yet, I'm interested. You may call around to soe me. NAME, ADDRESS: join rate cut trend TORONTO (CP) Four more banks, including the Royal, Canada's largest, today joined others in reducing their prime lending rate to six per cent from 614 per cent starting Monday, Nov. 1. The trend started Tuesday with announcements from the Bank of Montreal, Bank of Nova Scotia and Canadian Imperial Bank of Commerce. The Toronto Dominion. Bank Canadian National and Provin- cial Bank also joined in today. Most, but not all, accompa- nied the announcement with re- ductions in the rates of interest they pay on deposits. The prime rate the banks charge on loans to their most credit-worthy customers- was cut to 614 per cent from 614 per cent on Monday. The new reduction followed an announcement last Friday by the central bank that it was cut- ting the bank rate lo 4% per cent from 514 per cent. The bank rate is the rate the Bank of Canada charges on its infre- quent loans to the chartered banks. MONTREAL (CP) Royal TiTst announced today an im- mediate reduction to 914 per cent from 9% per cent in the prime interest for house, duplex and NHA mortgages. The rate on all other types of mortgage loans, commercial and industrial, remains un- changed at 9% per cent. Hog sale EDMONTON (CP) Aver- age prices provided by the Al- berta Hog Producers Market- ing Board today. Edmonton: 22.55. Average Tuesday, 22.65. Red Deer: No sales. Aver- age Tuesday, 22.47. Calgary: 22.80. Average Tues- day, 22.34. Lethbridge: No sales. Aver- age Tuesday, 22.40. Lloydminster: No sales. Av- erage Tuesday, 22.19. Grande Prairie: No sales. Average Tuesday, 22.21. Total hogs sales Tuesday 225, today average to 11 a.m. 22.55, sows average 13.10. Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Nov 33.75A; Jan 33.20 33.20; Mar 32.45B. Monday's volume: No con- tracts. Potato futures WINNIPEG (CP) Mari- time potato futures no trades Tuesday or Monday. Loss whittled TORONTO (CP) Great Ca- nadian Oil Sands Ltd. reports its loss for the first nine months of this year was 000, representing an im- provement over the loss of Gfll.OOO during the same period of 1970. tively scarce being practically all medium and canncr kinds and selling steady. Few bulls on offer sold steady. Ctoice steers 31.75 to 32.50, scad 30.60 to 31.50, medium 29.25 to 30.25. Choice heifers 30.50 to 31.10, 29.25 (0 30.25, medium 28 to 29. Me- dium to good cows 20 to 22, canners and cutters 16 to 19.50. Good bulls 23 to 25. Replacements were practic- ally all stock calves selling at steady prices. Few replacement cattle on offer were mostly short-keep steers selling steady. Good feeder steers 32 to Good stock steer calves 40 to 47, good stock heifer calves 33 to 37.50. Hogs average base price 22.80. Lambs soM 50 cents lower Tuesday with mixed lots good to choice at 21. Hudson's Bay earnings up CALGARY (CP) Hudson's Bay Oil and Gas Co. Ltd. re- ports net earnings of or 81 cents a common share for the first nine months of 1971, a 22.4-per-cent increase over the corresponding period last year. In 1970, nine-month earnings were or 65 cents a share. The company also reports that gross operating revenues increased by 17.9 per cent to and funds generated from operations were up 19.4 per cent to In the third quarter, net earn- ings advanced 40.8 per cent to or 37 cents a common share. Your taxes By L H. Asper income averaging' 'Forward Averaging' a term that is going to mean a great deal to many taxpayers once the new tax system goes into operation early next year. One of the most discouraging things that can happen to a tax- payer is to receive a large lump sum which may have been earned over several years, but when it is actually received it is taxed at full progressive rates in the year of receipt. Because of the steeply gradu- ated tax rates, the tax cost can be unduly harsh and somewhat punitive. For example, suppose the tax- payer has been working for a company for twenty years. Dur- ing that time the company had no pension plan. The employee retires. The employer feels some recognition for his past service is in order and makes a voluntary generous lump sum retirement payment to the em- ployee. The retirement allow- ance" is taxable in that year. Suppose the average affective rate of tax for the employee over the twenty years of his service to the company was 30 per cent. In fairness one might expect the lump sum retire- ment allowance ought to be tax- ed at something close to the employee's average tax rate for the period during which it waj earned. However, under the present law the payment is taxed at full progressive rates. That could put a tax bite of upwards of 00 per cent into the retirement payment, signifi- cantly reducing its effective- ness. The authors of the new In- come Tax Act recognized the inequity and have come up with a novel solution which resolves Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roadhoiise and McC'uaig) LAST BID OR SALE a.m. Quotes) WESTERN OILS Alminex 4.65 Alta East Gas Asamera AShland BP Oil Gas Can South Cdn Ex Gas Cdn Homesfd Cdn Homo Pfd Cdn Ind Gas Oil Cdn Long Is Cdn Suoer Cen Del Rio Charier Chleltan Dome Pelt Dynamic Pete Gt Plains Gt Cdn Oil Lochiel Mill City New Cont North Cdn Oil a.m. Quotes) Hud Bay Oil 42.50 Nut Pan Ocean Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spconer Seibens Tola I Ulsler West Oeealta West Pete MISCELLANEOUS INDUSTRIES Aqualaine 25.50 Brinco 4.80 Cdn Brew A 28.25 Cdn Brew B 34.00 Pacific Inv 22-00 Hud bay Oil Pfd 5.00 Hugh Russell 1B.OO Husky Oil 14.75 9.50 HUBky Oil B 42.00 5.90 Husky Oil War 5.40 Inter Prov Pipe 3.30 Inter ProV Steel 8.35 Kaiser Res 16.00 Lake Dufault 9.87Vi MGF Manage .59 Pacific Pete 3B.OO Sicks 14.87W Teledyne 5.25 West Cdn Seed 7 80 White Yukon 30.12V1 CALGARY .83 Acroll 31.00 Barons OH 4.BQ Madison LIB North Cont 1.6fi West Warner .55 PIPELINE STOCKS 5 60 Alia Gas Tr L A 48.50 Alta Gas Tr L Pfd 9 ED Alta Nat Gas 22.00 .39 Inland Nat Gas 11.50 1.22 N and C Gas 13.50 N and C B Pfd 27.50 Pacific Gas Tr 12.75 Gaz Melro 5.00 Gai Metro Pfd A 66.00 Tr Cdn P 34.50 Tr Cdn P Pfd B 42.50 Tr Cdn P Pfd A 64.00 Tr Cdn P War 9.60 WC Trans 23.50 MUTUAL FUNDS All Cdn Com All Cdn Divid 6.10 11.25 6.75 4.00 10.75 1.75 29.75 2.37V2 3.55 4.50 9.00 .12 .02 .30 a.m. Quotes) Mutual Ac 4.92 5.41 Mutual Gr F 4.78 5.27 Nat Res 6.30 6.89 N VI Fin N W Gr Principal Gr Royfuncf Temp Gr United Ac Universal Sav VANCOUVER MINES Anuk Arctic Mining Alias Explor Balh Norse Brenda Churchill Copper Croyden Dankoe Dolly Varden Dynasty Fort Reliance Giant Mascot 4.20 4.62 5.20 5.71 3.B2 4.20 5.17 5.33 24.20 26.45 4.58 5.03 6.63 7.2P .25 3.60 .43 .16 .45 .96 .47 11.25 14.00 .95 8.75 6.30 1.34 6.85 9.75 Primer .06 6.25 S-6 .10 .33 1.12 .37 All Cdn Vent Amr Gr F AGF Special Cdn Invest F Col Mutual Cmnw Inter Pyramid Silver Standard Texmont Trojan .25 Valley Copper 7.75 WC Res .05 INDUSTRIAL Slock Bros 2.85 7 81 8 65 B.C. Sugar 17.50 9.72 B.C. Sugar Pfd 16.00 Ind 6.37V'! 3.65 3.50 .25 2.70 4.00 Crowsnest Cygnus A Cygnus B Genstar Home Oil Home B Hud Bay Co Ind 24.75 5.00 5.75 3.52 3.85 Capt Inter 5.75 6.31 Crestbrook F 2.75 Growers B B.56 9.25 Key Indusr 5.70 6.26 Hys 12.10 13.30 Interior Brew Cmnw Lev 3.1d 3.45 Inter Mariner Corp Invest 5.04 5.51 Okanagan Helicop 5.62W Corp in St F 4.64 5.07 Pacific W Air 11.00 Dreyfus F U.S. 11.55 12.66 Stampede Intl Res .64 Gr In Shares 3.14 OILS Gr Equity 5.70 6.26 Albany Oils .23 Invest Gr F 10.12 11.06 Plains Pete Invest Mutual 5.0J 5.52 W Explor .12 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) MINES Acmfl .2 Advocate Asb. Akaitch 1.66 Black Bay Bralorne Broulan Bethlehem Brunswick Canada Tung. Carsiar Cenlral Pat, Chinio Con west Cons. Rambler Coin Lake Ccchenour Craigmont Dickenscn Mines Den is on Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malnrtic East Sullivan Fakonbridge Frohox First Marilimes Giant Y.K. Bovis Granduc Headway R.L. HoMinger Hudson nay M-S Hydra Ex. Iron Bay Isci Joliet Quebec Kcrr Addlson Key Anacon Labrador Lake Shore Langts Sliver Madscn R.L. Malartic G.F. Martin McNscly Mnclnlyre Met a Mi t! rim Intern Mogul Now West Home New A) lion a New Cnlumet w. Horsa Copper Ncranda Northgato .26 e.oo .21 12.50 20.75 18.75 a.m. Quotes) Norlex Opemiska Oslskn Patino 04 Pine Point Placer Dev. P C Exo 15 25 Quebec Man Ravrock 1.58 Radlore '90 Sherrltt Gordon 6 50 Silver Miller Steep Rock Tek Corp. 23 Texmont 7'in Upper Canada Western Mines .13 12.00 4.90 11.12 VS a.m. Quotes) Dome Pete 30.37 Dofasco 20.51 CAB 12.50 Fd of Amer 67.2i Gt Cdn Oil 4.7J Gen Motors 78.7J Gt Lakes Pap 11W Gulf ON Cda 24.7J Greyhound 13.67 Hawker Sid 2.10 Hui Eri 19.00 56.51 .70 .EO 2.60 67.03 .25 .50 7.30 1.50 3.70 6.50 36.00 18.75 .15 2.65 1.10 5.60 .24 34.00 Wright WillVoy Windfall Ycllowknifc mac 1.S5 MS l.fiO 35.75 S.rfO INDUSTRIALS Abitibl Alcsn Algoma Steel Atco Ind Allan Sugsr Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit CWN Gas Pld Cdn Indust Canada 5 S Cdn Marconi Cdn Vlckers Chrysler CPR Cominco Cons Bath Cons Gas Dist Sea Dom Bridge Domtnr Dom Textile Dom Stores Hiram Walk Imperial Oil Imasca Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept 1.12 Laureniide .67 Kelly Doug A Locb 4.35 Loblaw A .06 Metro Stores Massey Ferg McMillan Bios Moore Corp 16.75 Molsons A 11.37V3 Moisons B 7.25 North, Cent fi.OO Power Corp Price Co 17.50 Rothmans 58.00 St Corp 11.00 Shell CDA IS 00 Simpson's 17.00 Simp Scars 3.90 Steel of Can 6.RO Selkirk A d.10 Texaco Traders Gp A kTrans Mln Pp Union Gas Union Oil Versatile Mfg Westccl Union Car Weston's B 77 m Woodward's A 12.25 West Cdn Sd 3.00 21.00 1.00 11.00 10.75 a'.vs'" BANK 52.50 Can Imperial 21.50 Montreal 9 Nova Scotlfl lfl.00 Roynl 1J.OO Tor-Dom Amr T and Anaconda Beth Steel Chrysler Comsat Dunont GM I Gulf I Inl Harvest' Kenn Coppfi New York stocks (Supplier! By Richardson Securities of Canada) T Senrs 20 Golds U6.3S off .16 13 75 Sic! Oil of NJ. 70.75 10 Base Met 70.39 oft 23.75 Texas Gulf 113.50 15 W Oils S04.39 oil 1.51 26.1SVJ Co 30.37V1 Volume 5S.37VJ Wkkcs Corp WW'uKW vnOK A l.H.12Vj Woolworth JB.OD 78.75 Wesllnflhouse Elec 26.37V: ii ti-M 37 all" r 5. 'U.S. SICOI iM'A TORONTO AVEKAGES Montgomery Ward 31.WA 20 Indust 41.W up .09 YORK 30 Indust 838.93 oil 6.43 20 Kalis Off 3.68 15 Utilities 112.38 off .16 65 Stocks 292.38 off 2.29 Volume the situation to a large extent. The law will now permit one to defer the tax on these lump sum payments if the taxpayer is prepared to invest the money in what is called an "income averaging annuity." The right to use this tech- nique is not available in all cases where the taxpayer re- ceives an extraordinary income receipt. However, the plan cov- ers most situations, including :ump sum receipts one receives :rom various kinds of pension Mans on his death or when he withdraws his money from the fund. Forward averaging is also available to cover payments made to compensate for loss of imployment, or death benefits paid by one's employer. It will be useful to business- men when they sell their busi- nesses and receive money for goodwill, or make a taxable profit by selling their accounts receivable, inventories and oth- er business assets at a price In excess of their written down value. For the executive who makes a gain on an employee stock option plan, or the athlete, mu- sician, author or entertainer who makes a windfall amount all in one year from his artistic works or services, the fonvard income averaging rules will in many cases save substantial Uxes. But the most frequent use of fonvard averaging will be for these people who realize a sub- stantial capital gain which, in the case of the farmer and small businessman may repre- i sent the product of a life's work, j and in many cases may simply' reflect the diminishing pur- chasing power of the dollar. In those cases, the tax penalty would be quite severe but for the forward averaging rules. Here's how the new plan works. When you receive the Grain price review Winnipeg Grain WINNIPEG (CP) Rape- seed prices fluctuated fraction- ally in a fair trade on the Win- nipeg Grain Exchange today. Exporter buying interest was active in that commodity. Other commodities were rela- tively steady in a quieter trade. Volume of trade Tuesday was bushels of flax, of rapeseed and of rye. higher Mid-session prices: Flax: Oct. 2Vs Nov. 2 higher 2.57; Dec. 1% higher 2.47348; May 1 higher 2.5414. Rapeseed Vancouver: Nov. lower 2.73ViB; Jan. un- changed 2.74ysB; March Yt low- er 2.71V4.B; June not open. Rapeseed Thunder Bay: Oct. lower Dee. !4 lower 2.S5W; May ..lower July 1-ls lower 2.63VsA. Oats: Oct. Is higher 6514; Dec. unchanged May Company moves TORONTO (CP) ers of Hunter Douglas Ltd., a manufacturer of aluminum con- sumer goods, building products and machinery, have approved a corporate reorganization that will move the head office from Pointe Claire, Que., to the Neth- erlands Antilles, islands off the coast of Venezuela. higher 67TiB; July unchanged Barley: Oct. Vi higher l.OS'iA; Dec. Vt higher 1.05'iA; May higher 1.09B; July unchanged 1.08A. Rye: Oct. not open; Dee. V4 lower 97A; May 'A lower July not open. High ..Flax Oct 257% Nov 24814 255 Low Close kind of lump sum payment which qualifies for forward av- eraging, you have until 60 days after the end of the year in which you receive it to decide whether or not you wish to pay tax on it in that year. The de- cision will be influenced by your tax bracket plus your projection as to your future tax bracket. If you don't want to pay the lax, you go to an insurance company and buy an income annuity for yourself with as much of the money as you wish to defer the tax on. Then you calculate your income for the year (including the special lump sum again) and are per- mitted to deduct the money you spent buying the annuity, less the first year's income to be received under the annuity. As you receive the annuity payments, you pay tax on both the principle each year's rate. and interest 8t appropriate tax 250% 255 247% 253% Dec May Rapeseed Vancouver Nov 27214 Jan 276 Mar 272% 270 Jun 248Vi 255 274 271% 267 Jiapesced Thunder Bay Oct 253 Dec May Jly 264 Oats Oct Dec May Jly Barley 105% 6514 66 68% Oct Dec May Jly Rye Oct May Jly 97% 10314 25514 255 263% 263% 65 65% 6714 10514 10514 10214 256 255% 263% 261 651i 66 6814 67% 1051i 10514 109% 108 95 9611 102% 106 There are several conditions which must be fulfilled before one is permitted to defer tax in this way. The annuity must be paid for with a single premi- um. The payout period for the income to the taxpayer can be either a specified number of years (under 15 years) or a life- time annuity, but nothing in- between. The payments to the taxpayer under Ills annuity must begin no later than 10 months after the annuity con- tract is bought and must con- tinue regularly thereafter. By and large, it is a good plan, far superior to what the Carter Commission originally recommended. If any major flaw can be pointed out, it is that one should not be required to buy only an annuity. He should be given the option of investing his funds in govern- ment bonds, National Housing act mortgages, bank terms de- posits, trust company savings contracts and similar instru- ments. To require the taxpayer to buy only an annuity means he must deal only with a life in- surance company because they are the only firms entitled to sell annuities in Canada. This creates a monopoly for the life insurance companies and that is unnecessary. The taxpayer would be better served if there were a more competitive range of invest- ments which were qualified for fonvard income averaging. (Mr. Aspcr is a Winnipeg lawyer) cash carry WAREHOUSE INVENTORY REDUCTION SALE I WAREHOUSE LOCATED AT I Phone 1717 2nd AVE, S. WESTEEL ROSCO GRAIN BINS S29S 2 x 4 10' to 20' 2 x 6 8' to 16' 2 x 8 8' to 16' 2x4-8' Utility Spruce Studs each 49c 2x4 8' Construction Spruce Studs each 69c 4 x 6 8' to 20' Spruce S4S....... CEDAR LUMBER 1 x6-6'to 14' Utility Per MFB 1 Utility Cedar Per MFB 4x4-12', 14', 16' Construction Cedar 1 Only 3850 No. 1 Knocked Down CONSTRUCTION FIR LUMBER Per MFB 4x6 -12', 14', 16' Per MFB Per MFB 2 x 10 8' to 20' Per MFB Per MFB 4x6-18' Only Per MFB SPRUCE LUMBER Construction Spruce 4 x 6 20' Rough Spruce Per MFB Per MFB Per MFB SPRUCE PLYWOOD 4 x 8 Vt "D" Spruce Sheathing 4 x 6 Std. Spruce Sheathing 4 x Std. Spruce Sheathing Per MFB FIR PLYWOOD 4 x Std. Fir Sheathing 4 x Fir Staincote 4 x 8-% Fir Stqincote...... PREFINISHED WALLBOARD TWO COLORS ONLY 4 x 8 Chesapcke Oak 4x8 Williamiburg Walnut..... I CLAY WEEPING TILE, x each All Items Subject To Prior Safe ;