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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 30, 1972, Lethbridge, Alberta 12 TUB tFTHBRIDGF. HERALD 30, 1972 Lang: Don't rely on grain alone OTTAWA (CP) Otto Lang, minister in charge of the Cana- dian wheat board, advised Western farmers Friday not to Chamber answers NDP chief MONTREAL (CP) The Ca- nadian Chamber of Commerce said Friday night that Canada must have a tax structure that is "competitive with our major trading partners." "Any change which makes it less competitive cannot help but affect adversely the welfare of all said O. R. Tropea, chairman of the cham- ber's executive council. The chamber's statement was a reply to David Lewis, leader of the New Democralic Party, who has been critical of Can- ada's corporate tax structure. Mr. Lewis has stated that the tax structure has created "cor- porate welfare bums" in Can- ada. Mr. Tropea said everyone now engaged In the debate or tax incentives, including de- ferred income tax and capital grants, should consider the is sue in the broad context of Can ada's need for a national indus trial strategy. "The private sector, which Is the largest employer, must op- erate in an environment tha will encourage it to absorb theing sought by exporters who jold 400 million bushels of wheat to the Soviet Union. Hie exporters have been iressing the treasury to allow .hem to organize domestic in- :emational sales -program written into ,ax law last year which defers axes on half of the profits made by exporters If the money Is returned to the com- lany's export activities. The treasury department said comments and suggestions on the proposed reguallion would be accepted for 30 days and eharing will be held If re- quested. Grain prices, Winnipeg Grain WINNIPEG (CP) Rape- seed prices were slightly lower a moderate volume of ex- and local and commis- sion house buying at the close o on the Winnipeg Grain Ex- change Friday. Flax prices posted good gains on strong exporter interest and short-covering of nearby fut- ures. Oats and barley prices were relatively unchanged in a do- mestic shipper business while rye worked fractionally higher in intermonth spreading. Volume of trade Thursday was bushels of flax, 4, of rapcseed and 000 of rye. Thunder Bay export wheat prices all were down cent High Low .Close Flax Oct 353 3471i 352V4 Nov 3373s 330 Dec 32714 May 337% 335 335 Kapeseed Vancouver Scp 252 Nov 288 288 Jan 283'A 20314 Mar 2S5 282 ft Tax incentives for piggy banks? TORONTO (CP) A spokes- man for the insurance industry said Friday tax incentives should be offered to encourage Canadians to save more. J. A. Rhind, president of the Canadian Life Insurance Asso- ciation, told the Rotary Club that Canada will need huge amounts of new investment funds to support the economy and to complete projects that lie ahead. "This is a serious No doubt we shall have to con- tinue to rely on external funds to make up this short-fall. We know the problems that this creates and we should, there- fore, be trying to increase the rale of domestic saving. "This might be achieved through additional tax in- centives that stimulate people to save a higher portion of their income." r.apeseed Thunder Bay Oct Dec May Oals Oct }ec May Jly Barley 271% 268'ji 86 8614 8514 86 Ocl Dec May Jly 129% 12914 13114 128 12814 130% Oct Dec May Jly 12331 130 122 12814 263 261 208% 85 55J4 85 8614 128 12814 130% ISOli 12 Hi 122% 128 130 Beef futures WINNIPE beef futures Friday. Nov _ 34.50A; Jan 35.50B; Mar 35 .SON. Thursday's volume: Four contracts. Thompson dies at Innisfail INNISFA1L CCP) Theodore 0. Thompson, 83, father of Rob- ert Thompson, former MP for Red Deer seeking re-election in the B.C. constituency of Surrey, White Rock, died here. v. Thompson had been resident of the Innisfail area for 70 years, moving from Minne- sota in 1902 with his parents. Mr. Rhind said that many countries encourage savings hrough life insurance by allow- ng tax deductions on Insurance prdmiums. A text of his speech was .eased before delivery. IFAP meets next week OTTAWA (CP) The In- ternational Federation e( Agricultural Producers will meet here next week, it was announced here. IFAP, a non-governmental organization representing na- tional farmers' groups in 40 countries, will deal with Inter- national farm policy, particu- larly marketing problems, it sessions beginning Monday and ending Oct. 14. All sessions will be closed to [he public except for morning meetings Oct. 6 and Oct. 14. Policy statements will be re- leased Oct. 14. ON THE move LONDON (CP) Thieves In East London brought the house down on one thett job. They dis- mantled an empty pre-fabri- eated building and took it away on their truck. Police now are house-hunting. FEWER MOSQUITOES RIO DE JANEIRO (AP) The government health depart- ment reported the mosquito population is down by 80 per cent on the city's south side since I960 because of the use of light traps. SELLING AT AUCTION HARRY GORDON DAIRY DISPERSAL 25 TOP QUALITY MILKING STOCK WED., OCT. 11 AT P.M. MONDAY ot 1 p.m. SPECIAL FEEDER HOG and BABY CALF SALES WEDNESDAY at 10 a.m. FAT FEEDER CATTLE SALES SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY WE BUY FAT AND FEEDER IAMBS MONDAY THRU FRIDAY FRIDAY of 10 a.m. FAT AND FEEDER CATTLE SALES at 1 p.m. SPECIAL STOCK CAIF AND FEEDERS EXPORTERS OF SLAUGHTER HOGS EXCELLENT FACILITIES FOR FEEDING AND LOADING HOGS ED FRENCH DAN KIASSEN KEN MILLER, MAGRATH DEJAGEI? T KENINGER 318-3986 345-4358 758-6607 345-4489 328-73S4 CONSIGN ALL YOUR LIVESTOCK TO C. E. FRENCH LIVESTOCK LTD. IN THE HEART OF CANADA'S RANCHING COUNTRY ALBERTA STOCKYARDS Phone 327-0101-Res. 328-3986 ___________ P.O. BOX S-S 1-1-7, LETHBRIDGE Chief Accountant A leading manufaciurer of Mobile Homej and Industrial Campi a chief accountant for its plant In Claresholm, Alberta, The applicant will be a recent R.I.A. or CA. gradvalg wilh experience In manufacturing or con- struction, posse? s a sound know ledge of cost control and Information and have ability to co-ordinate and" direct the working jupporl staff members. The position offers unuiua) opportunity for growth in u firmty established and rapidly expanding firm. Good benefits package and a jafary commensurafed wEth training and experience. Apply in confidence giving full information of educa- tion and experience- toi D. M. JOHNSTONE SAFEWAY SHELTER SYSTEMS LTD. Box 970, CLARESHOLM, Alberta. REGULAR CATTLE SALE EVERY MONDAY AT A.M. (PLEASE NOTE NEW TIME) HOGS SELL AT 11 A.M. Included in Monday, Oct. 2nd Sale WILL BE 300 YEARLINGS OFF GRASS Consisling oF 135 ileort from Van Hailom, 60 staars from Ron McKibben, and 40 liter! from Jim Bonnttll. Due (o the tremendous response to our Special Sales through Ihs heavy fall rum in the pail, we, at Prnma Livestock Ltcf. have [el the following dates to help our customers decide on which day they would chooso to sell their live- stock. We would also remind you that ALL SAUS WILL BEGIN AT 11 A.M. SATURDAY, OCT. 7 Special Calf SATURDAY, OCT. 14 Special Calf Sale THURSDAY, OCT. 19 Stock Cow and Bred Heifer Salt SATURDAY, OCT. 21 Special Calf Sale SATURDAY, OCT. 28 Special Calf Sola SATURDAY, NOV. 4 Special Coif SATURDAY, NOV. 11 Special Calf Sale THURSDAY, NOV. 16 Stack Cow and Bred Heifer SATURDAY, NOV. 18 Special Coif Salo SATURDAY, NOV. 25 Special Coif Sale SATURDAY, DEC. 2 Special Calf Sale SATURDAY, DEC. 9 Special Caff Sale THURSDAY, DEC. 21 Stock Cow and Bred Heifer Sale THURSDAY, JAN. IB StocV Cow and Bred Hoifor Sale PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR NIGHT Auctioneer: JOHNNY CHARLTON Lie. 191 Safes Manager GARY JENSEN THE STOCKMEN'S MARKET LUMBER SALE TUBS., OCT. 3rd AT A.M. BOARD FEET of New Economy Lumber 300 TO 500 HOGS SELL TUES., at 1 p.m. ALSO DAIRY COWS BABY CALVES SHEEP SPECIAL FOR TUES., OCT. 3rd 150 LIGHT BEEF AND DAIRY TYPE CALVES weighing 150 to 400 Market Hogs Shipped Daily THIS WEEK SPECIAL RANCHER CALF SALES WED., OCT. 4th AT 1 P.M. and every Wed. In Oct- Nov. 500 HEAD 500 YEARLING FEEDER AND FAT CATTLE Thursday 1 p.m. 800 HEAD 800 SPECIAL FOR THURSDAY, OCTOBER 5th 200 ONE OWNER YEARLING STEERS WESTERN THOROUGHBRED SALE lethbridge EXHIBITION PAVILION SAT., OQ. 7th AT p.m. age, Yearlings, weanlings, Brood maroj, Stallions. All Breed Registered And Grade HORSE SALE LETHBRIDGE Exhibition Pavilion FRI., OCT. 13'- 1 P.M. GRADE HORSES FRI., OCT. 13-6 P.M. REGISTERED HORSES SAT., OCT. 14 10 A.M. GRADE HORSES Listing Deadline for Reyisferfid Horses Man., Oct. 2nd G. L. JONES CHAROLAIS CHIANINA SALE Won., Oct 16th 1 p.m. 200 CHAROLAIS COWS BRED CHIANINA PERLICH BROS. AUCTION MARKET LTD. located In (Fie Hub of Southern Alberta's Livestock Induitry 3 eait of on Highway 3 and toulh BOX 1057r LETHBR1DGE PHONE DAY OR NIGHT 328-3951 ;