Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 17, 1969, Winnipeg, Manitoba Monday november 17, 1969 finance 15 moves to protect consumer by Jack la Fler annual rate of new York a the out i from the record level of the look for Consumers is becoming Al Rel quarters. After tax More hopeful in the Fields at an annual rate of water pollution pesticide con were off lamination and retail practices from the previous substantial moves were made Lual Ter s annual rate. Bronco names new chief in government and private areas in the United states this week to eradicate problems which As unwanted offshoots of technological Progress have plagued the Public. The Senate passed a Bill pro these figures the Commerce department said indicated that the government s strategy in combating inflation was begin Ning to produce results. Herbert Stein a member of the president s Council of eco Viding an appropriation of nomic advisers told an Ameri for a War on water Tan management association pollution. The legislation would Supply meeting that the Nixon administration s fiscal and monetary funds to help the states finance policies were winning the War their individual pollution control against inflation. Programs. Earlier the House of the government representatives had passed a Bill appropriating inflation by moderating the for control program. The growth of total he is deter mined to slow Down the rate of differences will have to be re said. It is doing this now by conc led by a conference com pursuing a restrictive fiscal and Mittee of the two houses. Monetary Secretary Robert h. Finch of Leif h. Olsen senior Vicc the health education and Wal i president and economist of the fare department announced that first National City Bank said use of the pesticide Dot would Montreal up sir Val i Duncan of London has Suc ceded Donald j. Mcparland i killed in an air crash nov. 11, As president and chief executive officer of British Newfoundland corp. Lid. And chairman presi Dent and chief executive officer of Churchill Falls Labrador corp. Ltd. Sir Val is chairman and chief executive officer of Riu Tinto Zinc corp., a British company which holds about 50 per cent of Bronco Slock. Or. Mcparland Eric g. Lambert vice president of i Nance for Bronco John Lelh Bridge executive assistant to or. Mcparland and five other men including two Crew Mem Bers were killed when Bronco s de Havilland 125 Jet crashed into inc Side of an open pit mine in Labrador. A memorial serv ice was held Here Friday. In announcing sir Val s appointment sunday Bronco chair Man Henry Borden said sir Val has agreed to accept the appointment on a temporary basis to enable a longer term solution j to be worked out in filling the void left by his tragic Situa Bronco is overseeing the construction of the Churchill Falls Hydro cd Catriz pc War project near Labrador cily. 350 Miles of que Bec Civ. Grain inspection cars inspected nov. 12. 1969 j this year last year i wheat Cefi i Oats 23 31 j Barley 171 j Rye 5 m i flax 88 32 rapeseed 43 21 i others 9 18 grand total 1234 ii j2 i contract wheat 108 f be banned except for Essen monetary policy is already slowing the Economy and with out any further intensification of tial uses within the next two years. Restraint it has the capability of the effect of such a curb slowing the Economy even fur would Range from Consumers of j foods that May contain undue amounts of the chemical to banners who Spray or dust it on crops to kill damage causing in sects. Concern Over the Long lasting effects of Dot has mounted in recent years and its importance to chemical manufacturers As a profitable product has dwindled. A number of economists said last week that signs were Evi Dent that the . Economy was slowing Down with indications the rate of inflation would diminish next year. For the first time since the economic slowdown of 1967, Book profits of corporations be fore taxes declined in the third Quarter of this year. Profits dropped by to an latest victim of inflation was the five cent Hershey chocolate bar. Hershey foods co. Said it in t feasible to make a five cent bar now. The census Bureau reported that retail sales in october to talled one half of one per cent above september and two per cent above octo Boer 1968. It said the increase was due to a Rise in sales of non durable goods. Steel production fell 2.9 per cent to tons from tons the previous week. Orr a returns after historic voyage the is first Etmer Yterdal ship to conquer the Northwest passage passes the statue of Liberty As she enters new York Harbor. Humble Oil co. Undertook the project to determine the feasibility of using icebreaking tankers to transport crude Oil from the North slope Oil Fields of Alaska to the East coast of the United states. Capital gains tax Pavlov s Experiment applied to people by Ken Smith i these letters he said showed Canadian press business editor an overwhelming support for businessmen s luncheon special served daily 12-2 . Fryor i dining Toom Westminster shr break to Westminster Goodyear pick chairman Valleyfield que. Up l. E. Spencer has been elected chairman and chief executive officer of Goodyear tire and rubber co. Of Canada Ltd., it was announced following a Board meeting Here. He will be succeeded As presi Dent and general manager by h. G. Macneill a native of Syd Ney . The changes Are effective Jan. 1. One thing at least has Al the proposals. Ready been accomplished by i he had a it less Success on Nance minister Edgar Benson s White paper on tax Reform. He s shown that Pavlov s Experiment with dogs can be applied to people As Well Only with much More spectacular re sults. Pavlov you la recall was the russian who demonstrated that you could associate food with the ringing of a Bell in a dog s mind. Then he showed that the ringing of a Bell would Start a dog salivating without the pres ence of any food. At least part of a swing into Al Berta to outline the proposals and sound out regional reactions. The reactions he got from a High powered group in Calgary showed clearly some Strong opposition is being mounted especially to the proposals for a tax on capital gains and changes in the corporation tax which would affect Small businessmen. Most of this opposition amounts to a defence of special vested interests. Or. Benson proved last week or. Benson obviously was t that some people react in a Sim Ilar Way to the words capital gains Only they Don t just salivate they being to foam. It took most of the week for opinions on the White paper to Start to crystallize. Or. Benson made much of a flood of mail received by the department of finance More than on the first Day. By equal standards others that special circumstances require special treatment even if this puts an unequal Burden on other people. One rhetorical question raised by a Calgary businessman pointed this out clearly. He told or. Benson the pro posed capital gains tax could re sult in a Man who had devel oped a highly successful Busi Ness paying tax on a capital gain of in five years. Why he asked rhetorically should this Man have to pay such a tax or. Benson forbore giving the rhetorical answer that Many canadians would like to be in a position to pay it. Elsewhere scene tight the others reported no change in an already tight situation. It found conventional rates had gone As High As 12 per cent although the most common Range was per rent to per cent. On the business Money and fiscal surprised by this. In fact he insisted it was part of the govern ment s search for opinions of All shades about he proposals so any which would do More harm than Good could be changed be mortgage Market fore legislation is drawn up. It showed however the wide Gap Between the philosophies of various groups in Canada. Some insist All people should be taxed the mortgage insurance co of Canada reported that last month seven of 30 acres across Canada had a reduced Supply of funds available for mortgages. Weekly metals review new York Cap a Bury ont., Plant of the internal ended Friday when United four month walkout at the Sud Lional Nickel co. Of Canada Ltd. Steelworkers of America Mem Bers voted to accept the com Pany s contract offer. The strike had caused a major metals prices c o p p e cents a Pound delivered foreign 73.44 cents nominal new York. Cents a Pound new York 15.30 cents. St. Louis. Cents a Pound a n t i m o n cents a world wide shortage of Nickel ingots delivered. And Industry sources forecast an increase in the Metal s Price. Cents a Pound Pound bulk 99.5 per the Union members approved carloads producer s Plant workers a wage of an hour i cents the previous fixed with the hold Down costs from o Orviston of co. L no diversion of higher priced help to general labour no full time salary for o part time Job. The big maw is on your staff but nol on your All those hidden costs of hiring. The big Man is Guo ranted insured end bonded. For re liable temporary help Call to. It s a step to Cost reduction. Industrial overload 1632 Portage ave. Winnipeg 12, Man. Phone 786-2495 contract which gives compared with the hourly wage of the walkout had Cost Inco a loss of pounds of production and had caused a Steep i increase in Nickel prices in world markets. I Inco which supplies about 54 per cent of the free world s Nickel said before the agreement was announced that it would take about four months to re store output to pc strike Levels. Industry sources predicted Hal the Post strike Price could Rise As High As a Pound from the present level of i . Nickel users whose sup 1 plies of the Metal were nearly i exhausted As a result of the i j strike can expect Only Tempo i Rary Relief from the release of tons of Nickel from the 1 Treasury department s stocks. Says american Metal Market. Hie daily newspaper of inc met als Industry. Bethlehem steel corp. Said this week it would Brodyn its recently announced revision pricing methods on certain products to include prime sheets and coils in hot rolled Cut Edge h o t a o 1 1 c d pickled and hot dipped galvanized and Bethna the company had announced nov. 4 that it would sell cold rolled sheets and coils by the Yard instead of the Pound. The result Bethlehem said would be a Price reduction. Alcan aluminium coi a. Said it would raise prices up to one cent a Pound on certain Alloy and heat treated coiled Sheet products and on some Coni mod ily items. The increases which take effect dec. 7. Arc in line with those already announced by other producers. I most brass ingot prices were increased by two to seven cents a Pound during the week says american Metal Market with Nickel bearing grades climbing 3.50 cents to 32. So rents a. 1 Pound. Pound ingot. Manganese cents a a Pound electro ton unit of 45-50 per cent Lytic cathodes. Port Colborne Orit. An ounce. An ounce new York 192v- Pence London. A Pound new York. East St. Louis 16 cents new new York 15.30 cents St. Quicksilver s50 a flask 76 Tungsten a Short ton unit duty Eulra. Towne Pontiac appointment or. Raymond Dubois presi Dent and general manager of Towne Pontiac Buick Cadillac Ltd., Portage ave., is pleased to announce the appointment of or. John Sherb As body and paint shop Man Ager. Or. Sherb brings with him 28 years of experience in this Field. We feel very fortunate in hav ing John Here in this capacity As he is Well respected in the Community and is considered the expert in his Field. Those who have had John involved in repairing their Auto Mobile will testify As to his knowledge experience and capabilities. The clean environment commission Nolice is hereby Given that on monday. Novar Rbar 24th, 1960 commencing at . In room 903 o inc Norquoy build ing 401 York Avenue Winnipeg the clean environment com Mission will be considering applications for licences and int Crin licences authorizing the discharge or emission of into the air soil or water As the Case May be under the provisions of the clean environment act. The applications to be heard Are on behalf of Union Carbide Canada limited i Industrial i Selkirk Manitoba rolling Mills limited Industrial Selkirk the corporation of the town of Selkirk municipal sewage the corporation of the City of Winnipeg waste disposal the Rural municipality of North Kildonan waste disposal ground the Rural municipality of Woodlands waste disposal the Village of St. Claude sewage any person having an interest or concern in these applications or wishing to speak for or against any application for a licence May appear before the commission and be heard by giving notification to or. L. A. Kay Secretary the clean environment com Mission 300-419 Graham Avenue Winnipeg 1 Telephone 946-7785 prior to the Date of the hearings. Flying save time save Steps use Airport Valet parking save Money too free pickup and delivery to the Airport door. Ellice Berry pm. 774-9823 catch a up air Jet non Stop Toronto. 3 times every Day the first at . Have lunch on us. Arrive at . 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