Page 2 THE WILLIAMS LAKE TRIBUNE Wednesday, August 26, 19% ““ide’s great, grea lar Review SS—— SSS and FOr COAST erermey t nayporiant Important aids to the small) percent of the appraised farm and to the capable farmer/of the farm, whichever is the | Agriculture. wishing to establish himself on/lesser, the applicant may be Mr. Harkness said that in his own holding are contained | eligible for assistance under the;general the approach of the in the new Farm Credit Act,| Farm Improvement Loans government has been to enter States Agriculture Minister} ‘The Corporation will provide|the field of farm credit to en- Douglas S. Harkness. The three | supervision of the farm through|sure that family farms and developments in the federal) the VLA and will ccn mue|those who work theis own farm credit system which Won)supervision if the borrower| farms may ,be able to get the approval of the House are: desires it, after it has ceased suiticient credit to cope with the Extension of the lending|}to be compulsory under the} rapidly moving commercial authority of the Veterans’ Land| agreement. Act; face of a reduced farm labor Increase of the maximum| FIVE PERCENT INTEREST force and increased outpur per guarantee farm improvement Interest on the loans has man-year, loan under the Farm Improye-| been fixed at five percent, which The bill makes it possible for ment Loans Act; [the Minister said, would be| younger, energetic farmers to Long-term imereased mort-|M0T® equitable to borrowers| take up farming as a yermanent gage credit to farmers under| ‘han a fluctuating rate based on| occupation and to establish the new Farm Credit Act. the cost of the money to gov-| themselves more quickly. It The new act increased to|®TMent. The Minister also in-| wij) encourage the best person- $20,000 from $15,000 the| “icated that this rate of interest amount of loans for purchase of|°V*F # Period of time was ex- a farm or for farm improve-|Pected to cover the operating ments that may be made on a| Sts of the Corporation. first mortgage, and made other| Appraisal of the farms will Provisions more fiexible. For|be done by the VLA aud will instance, a loan can be based|include forest products. Life on 75 percent of the appraised| insurance will be taken to cover value of the farm instead of|each loan. The part of the loan 65 percent as formerly. super-| based on livestock and chattels vision is available for the loans| Security will have to be repaid of a voluntary basis. in 10 years; the part based on land might be amortized over a 30-year period. The cost of a loan to the SUPERVISED LOANS A new type of assistance — spe sbvervisedslosh — ein be sacmer, therétore, includes the made to applicants between 21 interest rate of five percent; and 45 years of age to enable] insurance, and appraisal fee value aids to small farmers seen in new Federal Credit Act appointed by the Minister agricultural developmeni in the nel, those who can continue this production per man- increased year, to remain on the farm. The Minister said have had to supplement capital with credit and increasingly so since advance of mechanization and the investment required livestock on commercial in the post-war years. For that reason the extension of credit provided ia the new Act, incorporating the Canadian Farm Loan Act, was among the most important pieces of legis- lation considered by the House. farms of tarmers their more and more during the last 50 years the for CANADA GENERAL To August 13 A strong demand on all classes of slaughter cattle and higher prices on most grades featured this Week's cattle mar- ket. Steers and heifers were steady to 1.00 higher. Cows were generally 50¢ to as much as 3.00 higher. Bulls varied from 1.50 higher to 1.00 lower. Feeder cattle were mostly un- changed, and calves steady to as much as 4.00 higher. Hogs were mostly steady, and lambs steady to 50 lower. most markets showing price ad- Vances, particularly on 00d quality cows. Bulls were not as active but due mainly to light receipts on some markets, some price gains were made. All grades of steers at Toronto were strong to 50c higher, and Montreal moved 1.00 higher on all steers. Winnipeg, despite heavier recepits, held fully on all grades. Calgary was steady to 1.00 higher on good and choice; Edmonton 75: higher; Saskatoon gained 50c. Good cows at Toronto and Montreal were 1.00 and 50¢ higher respectively. Winnipeg and Calgary closed 2.00 higher on good kinds, and Edmonton almost 3.00 higher. Good bulls at Toronto were unchanged, and Montreal was 1.00 higher. SLAUGHTER CATTLE This week's cattle offerings on all public stockyards up to Thursday totalled approximately 26,500 head, an increase of about 2,900 over last week but 4,500 fewer than the same week a year ago. Arrivals at eastern markets were 2,300 more than last. week at $8,300, and de- liveries to Prairie centres were about 600 more than the pre- FEEDER CATTLE The feeder cattle market was fairly active this week, with some centres reporting a scar- ; ° ~ city of good kinds. Toronto vious week, with a. total or | was about steady at 25.00 to 18.200. Last week's beef cattle /97 95 -tor good feeder stem slaughierings ~fuclided e478} ina Wintipeg. also a steade Pereent choice and good car-/ 3.99 to 25.00. Calgary, on casses, and the current Week’s|tient ‘offering of mosty medium Receipts give indications of |an4 common quality, lost 1.00 grading somewhat below that] ., 22.00 to 24.50. Saskatoon rating. Exports of beef cattle ; Was mostly steady at 21.25 to 24.00. CALF MARKET There was an improved de- mand in the calf market this week, with prices varying from last week were sharply lower at 3,330, made up of an equal number going for immediate slaughter and as feeder stock. Exports of beef cattle to the U.S.up to August 8, at 154,056, aVESTOCK 2 HOG MARKET week’s levels except for a gain of Grade A hogs sold at 25.00 and Montreal 25.00 to 25.25. nipeg was steady to 25¢ at 22.50 to 23.00. Edmonton were about steady at 21.60 and 21.75 Saskatchewan markets remained at 21.50. 00 4.00 this week to close at 30.00 to 34.00. at 2 side of Toronto, paid Grade A hogs at locai points. good demand at steady to 50c lower prices. lambs were aste ady 23.00, und at Winnipeg and Calgary were un- changed at 19.00 and 17.50 to 18.00 respectively. “= Industiry News last Friday and another Calgary was steady -00 to 30.00. Hog prices remained at last 25¢ at Winnipeg. Tornnto Win- higher Calgary and WE GET YOU ANYWHERE YOU WANT TO GO IN SAFETY, COMFORT AND AT LOW COST SAVE Fishing, Hunting, Sightseeing, Pros SAVE TIME pecting and all other charter flights MONE * LICENSED FOR NIGHT FLYING respectively. out Ontario packing plants, Quebec plants, side Mont- Teal: Hull, Princeville. % LICHNSED TO FLY TO ANY PART OF CANADA and Quebec City, 25.00. PHONE LAMB MARKET Good lambs were in fairly At Toronto, good Chilcotin Airways Lid. At the Valleyview Motel — Williams Lake 410-K or phone the pilot direct at — Williams Lake 19-M Use Tribune Classifieds Montreal 19.55 te 20.00. TRACK ROLLERS LAST LONGER. steady to 4.00 higher. Good and choice vealers at Toronto are about 30 percent below the RPM Tractor Roller Lubricant seals corresponding period last year. add: t te st ie : Hem ito, set. ap. an Soomomic| (not more than $100); and the Reef laetor Roller ta ba farm unit. Successful applicants CREDIT NEEDED * far must have had five . [Supervision fee. The Act had been devised/An active demand prevailed on|were a strong 29.00 to extra hours of service to aractoy fol experience. Supervision of che | The Canadian Farm Loau Act] after studies of the small farm|nearly all classes and grades of|Montreal gained 1.00 at 23.00 ler Beste le flows even ces al proposed farm operation will be| WH! be repealed nd succeeded) samily problems and sugges-|slaughter cattle this week, with!to 30.00; Winnipeg advanced earing surfaces Buca x _ by the new Farm Credit Act < . & that will hang on, even 2 a requirement when the loan,» h Warm Credit Cor. |tions advanced _ by farm hill operation. exceeds 65 percent of the ap-| With the new Iarm Credi | organizations. Credit is needed not only for RPM Tractor Roller ; | poration taking over the assets| praised value of the farm and| Portion t ® a Bataies nd responsibilities of the |the operation of an. cconomre Lubricant comes in 3 ink eee 1 i Canadian Farm Loam Board. | farm unit, but for the transfor je aise fee Caterellar is type of loan may he as | ® use and an A/C grade high as 75 Et eeat aha ap- | SUFFICIENT CREDIT jof the farm from own vol for Allis- Chalmers, praised value of the £ Corporation witi com-|WMer and from generation to 3 : : |generation. The investment i s y not five members to be named | eae: JBtay: 00) aoe L-Counci),,Uvestock and equipment | For’any Standard Oil product, call Lae ae in| been in proportion to A quaen such a loa’ has been | These ee to. pe|the investment in land, but BOB CAR Eeduced to $20,004 or to §5|advisory commi |tarms have aise hed tone ment Mackenzie Ave. Wiliams Lake | bigger to conform with new eco- ; f |nomic conditions. This means Ja farmer need: considehabiy | more capital to start in on his | own or to expand into a profit- | able unit. PHONE 101 YON RANCHERS The Next ATTENT ; + HIF | dministers Cattle Auction at Williams Lake =) 21,2 es : inat where areal is extendea for a light will be held to provide an economic farm a unit, the farmer car pay e ge reasonable costs for money and bright borrowed and still be in an im- proved position in net returns. Strong market SEPTEMBER . 3 ‘B.C. Livestock Producers’ Co-op Association and Cariboo Cattlemen’s Association, Elmer Derrick The track frames are mounted on each end of the |F) pivot shaft (1) by /a ball and socket joint. | | | ctsener beer Frames are kept in rtical alignment by heavy steel diagonal zine 2) that connect with the at 2. = : in charge. Phone 429-Q or 112-Q t | pivot shaft by special bearings. The front guide | On Cows af sale rollers and brackets (3) keep tracks from+ee™S | A strong, active market, in or out. ] | particularly on all classes of : i is far superior to the = ow, « day Three-Point Suspension is far | cows was noted last Thursday two-point syste aut shock-loading to the final |} at the semi-monthly Williams Lake sale of the B.C. Livestock Co-op. Good butcher cows brought from $16.50 to $17.80 per ewt, common to medium cows from $14.50 to $15.30 and canner and cutter cows from $10.25 to $13.00. Good butcher heif- ers realized $16.50 to $17.80 and good stocker steers from |21-to 23. There were 156 head } cattle and calves on offer. PIONEER’S 7 | OUR FIRST 1959 | FABULOUS 400 | Cale Auction Sale = e FOR VERSATILITY e FOR SAFETY o FOR QUALITY @ FOR LIGHTNESS Tee ise attacker obs ust | dnmatched safety and oeaie p22 _ 050 THURSD AY, AU GU ST 27 | 159 For quick, accurate returns, proper | tures. It is the most versatile quality NO EXTRAS TO BUY : : . handling and highest market prices, no other chain saw drive gears is avoided. i USE INTERNATIONAL HARVESTER | “POWER |THAT PAYS” | | Phone 191 Box 709 BC. Equipment of MY —\\ ulous ‘400’—the only saw with the chain saw built. It’s Pioneer's Fab- ~ revolutionary sabre EASY MONTHLY TERMS - -PIONFEFR'S FAMOUS R.A. ' 7 . | tao, mmr: non be sure to consign your cattle to BREN 1:05 p-m., tation CKCQ at fret and third Sundays ot Baird & Co. on your form 3's = . x * ‘||| P.O. BOX 776, WILLIAMS LAKE a le 6 B.C’s Favorite because of the taste i fll be pleased i ad & Cc L t al i to fete erin (ered ot = Bair Oe Hitt ke FOR FREE HOME DELIVERY PHONE i THE CARLING BREWERIES (8.C.) LIMITED tite of ae a son . : B.C.'s oldest, most dependable selling agency This is not published or disp pyed by the Liquor Control Board or by the Government of British Columbia, preeet available by noon, 1000 NOROUGH+ CANADA = Monday.