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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 4, 1970, Lethbridge, Alberta Afrit 4, Wl UTHWWei HBttlD 2S A. i i Livestock Market Report Ottawa Weekly Livestock Report OTTAWA (CP) Cattle re-1 tie IS; calves 131; bogs at Canada's It public lambs ml from Monday to SUMMAKT ___ totalled Butcher ttrone M head, a increase of some to or more lagtar la the week before and Replacement cattle fetine week last' year. ft higher. Cattle The fcfcral agriculture de- Good and buta Mrtmeat also reported that ei- steers meetingvery goodde- Mrii of beef caUfc to the U.S. maud, prices ttrcng to 25 affj- Ctweek amounted S14 head, er, grade and yield considered. ud about equally divided Good and choice bukher herf- behmei slauritar and feeder en abo met good demand, at Benne. IUUCWT fc prieef Cattle (applies at the public classes of cows 50 or more high- _ _ik hiKm ktintl UD to Perlich Livestock There were MS head of live- stock sold this week at PerlieB Bra. Auction Market Ltd. Receipts included H7 cattle ud Ml bogs. The cattle mar- bet WM steady to stronger m cUsset. Cows showed the bs S7 to steer calves 300 to 475 UK to Stock heifer calves 450 to Ibs X to M.80; heifer calves 300 to 425 to Feeder cows 23.M to 25.00; greatest increase with a good demand on all classes of feed- er cattle. Price quotati as SLAUGHTER CATTLE Steers, choice none on offer Heifers, choice 30 to 30.60; me- dium a to 30.00. Cows, good M to 25.20; hfll ferettes to 2B.M; medium 22.50 to B. so; earners and cutters 1 to 22.00. Bulls 27 to 28.70; plainer kinds 25.50 to K.50. REPLACEMENT CATTLE H5oderaleandrr, trading was somewhat ini- 25.50. at most centres. Scat-1 ItttKty ud good Pack Reached On B.C. Copper plain and oUer cows 21 to 23.00. Meffium quality stock cows with calves 300 to 350.W; plain and medium quality bred heifers and cows 270JOO to HOGS AND SMALL CALVES The hog on weaners. and bred 5K% 15 sows were somewtot weaker1 Bond Prices Supplied by Uohertj Roadbouse and McCuaig Bros. eorawiMM orcANAMWNM Lending Rate Cut Boosts Market 13% May 1 .16 April 1 Sep Bid Asked TO 99.45 100.00 99.50 93.85 94.45 75.75 77.S J 72.00 73.00 Sep. IS 40.75 46.25 Bj- MCK FERRIS Stall Writer as compared to a week ago. Wecners 22 to 25.00; light ers 19.25 to 21.50; Hgbt feeders covtnwM CANAM under 1W Ibs to 32.25; feed- ers 100 to 165 to 40.00. Mine Operation Good ouaHy bred gilts 100 to f 1137.50; small and plain quality bred gilts 75.00 to 100.00. 5 Baby calves TO.OO to 85.00 per and bead. VANCOUVER be EinloratkBi guy and Aabro Feb. 1 "74 86.23 87.75 May IS TT 81.75 84.25 Feb. 1 '81 68.73 70.25 i Jan 1 '85 76.75 79.25 Feeder steers 850 to Ibs southern British.Cotanbia. 34.60; ste-'fs SM tp'uo Ibs JITS s-sSS 5 gSSSSS .11 divisions of demand from tool buyers, of the good feeder heiiers sz to .1 I __ fi'rrtiM- kind I 34 00. Stock wood, tathe Stovely Livestock a- Uvestock Ltd. Manitoba -79 78.73 81.25 H-E 74-K I Faxiftr itnLUCUieU, C3VJC 1 f-t tf.i fifi Canadian slock markets moved ahead moderately this week, riding the waves of last week's prime lending rate re- ductions in the United States. Market rose sharply late last week after several large Ameri- can institutions cul their prime rates to eight per cent from 8tt. A drop in prime in terest charged to a bank's best customers-could mark the eas i ing of tight monetary conditions that have depressed markets since last June. Canadian markets ons, Imposed to fight Inflation. Canadian markets advanced or three consecutive sessions after the removal o( the wapped deposits restrictions before dropping back Friday. Statistically, on index at Toronto Stock Exchange, the in- lustrial index rose 1.18 to 85.52, golds 14.75 to 173.86, base metals 4.68 to 117.51 and west- ern oils 1.82 to 195.59. Volume was shares compared with last wwk. Gains outnumbered losses 438 to 311 with 243 issues un- changed. On the Montreal and Can a- medium 21.50 heners traoeo, 300 frem steady to as much as deer and heifer calves fully some sales. Cows met steady. Exports one toad bulls good demand at steady to SLAUGHTER CATTLE tl so higher. Bulls were steady steers: choice 31.75 to 32, to cents higher. Feeder Jt tie were in demand at a steady to' stronger price. All classes of E were mainly unchanged. gnd jjmb markets were j lower .for the week, Montreal 32 J5- Toronto S3 to 34; Winnipeg 32 50 to 33; Saskatoon 31 to Silt; Edmodtoo 31.50 to 32.J5; Calgary 51.75 to Good hofers: Montreal 25 to SOCCER LONDON CCP) OW Coun- Xabre was Feeder and .--.remain in keen deinaad. capMty of Good to choice steers KfW. 68.00 to nave a i Ortario 5 w 11.20 tons'daily, untfl it was forced 31.80 to 32.00; fair to medium H i. Ixt mar after hrfrtor steers 30.80 to 31.80. ln...v., c n. UTS oauy, iKUi i to dote down last butcher stotni JO.Wto 31.80. a loan was recalled. Good butcher cows 25.00 to Cadillac will prorate 25.35; fair to medium 24.00 to 000 as part of the agreement to liquidate Aabro's and pur- chase eqoJpinent, be- 1 i 25.00. "91 64.75 'SI 63. ?5 '87 75.75 Toronto 30 to 31; Winni- peg to 31.50; Saskatoon Slo'to 29.50; Edmonton 29 to 30' Calgary 29.50 to 30.50. Good cows: 23 to Toronto 23.50 to 24.SJ; Winnipeg 25 to" 36; Saskatoon J4.SO to 25.50; Edmonton 22.50 to 14''Calgary 24 to 25.' (Jood feeder steers: Toronto 35 to 38; Winnipeg 32 to 37j Sas- katoon 30.50 to 37; Ednwoton 31 to 38; Calgary 30 to 37-25... _ Gobdiind choice earns: Montreal 43 to to 47; Winnipeg 45 to 49; Ed- monton 50 to 55.60. Good lambs: Saskatoon 28.40 to 30; Edmonton 29 to 30; Cal- choice 30 50 to try soccer results Saturday: H sTto medto to r ESGUpI LEAGUE M SO I DivifriW 1 Coirs: good 24 to 25, medium Arsenal I Ham I to aod cutters Chebe. 1 Tottenham 0 Coventry 1 StokeS EFJLACEMENT CATTLE Derby 2 Wdyerhampton 0 Giod heavy feeder steers 850 Ipswich 2 Southampton 0 to 1050 Ibs 31 to 33.53, med- Leeds 2 Burnley-1 Man City 0 Sunderland 1 stock steers 550 to Newcastle.5 Man United 1 Bulls 26.60 to 27.00. Good yearling 650 Ibs 37 50 to 40 Sheffield W 0 Everton 1 Good'feedesbeiferjM to 34. West Brom 4 Notts F 0 Good stock heifer calves 38 Birmmgham 2 Hun 4 HOGS AND LAMBS BJackburn 0 Huddersfield 2 hogs sold this Blackpool 1 Queen's PR 1 __________ __________ ____ S8.7S ran "of" future assets win tor to medium towards paying off second and calves 36.00 to third mortgages amounting to Baby calves 70.00 to 77.50. 000 assumed by ..Aabro. Bred heifers 290. Cadfllac president L. C. Mor- risroe said milling is expected to begin m June. I PORTLAND, Ore. (AP) Cattle and calves com- GM Ac pared 930 the previous week top Od and a year ago; compared Rio JUg close of last week daughter cows steady to 50 loww. I Sec Can 73.25 BA'Oil Wtfe'Tl 79.50 BC Tele 6 "84 70.75 73.2S Cdn Brew 5 '83 67.73 71.25 Cdn Chm 7 S> '80 83.75 86.25 CPR 5 "83 68.75 71.25 Cons Gas 6 ft '81 75.75 78.25 Portland livestock 5 SS SS Crest ttr 7 Dom TC 95.00 '84 72.75 strong Tuesday following re- moval of a temporary restric lion on the outflow of short-term Canadian funds imposed Us July and stiffened in January. LIMIT REMOVED Louis Rasmiisky, central bank governor, said Monday the bank was withdrawing a special request made last July to Cana- dian financial institutions, limit- ing the volume of funds being lent abroad in form of swapped deposits. Swapped deposits are funds converted into foreign currency, usually VS. dollars, which have been placed on term deposit with a bank and which the bank has undertaken through a for dian exchanges, the composite index was up 3.36 to 133.26. Combined volume was shares compared with last week. Gains outnumbered losses 192 to 167 with 102 issues un- changed. Potato Futures WINNIPEG (CP) Trading was light at the Maritime pota- o futures.market Friday with offers unchanged to 15 points 74.2S o.b. Lethbridge to 31.05 base woe 560 Bristol C 0 Sheffield Ul hutched hogs bought for Ifiddles brough J Cardrff 1 this week, price converted to Oxford 1 Charlton 1 4 .25 to 24.35 Sows PflrtsmouthlNorwich 4 2445 to 26.10. Weaner and feed- Watford 0 Preston 0 nogs nogs gsne ers to 22.50. light feeders BoorBemouth 2 Bury 0 n under 100 Ibs. 30. Basic bogs Mootreal 32 to jj- Toronto 33.55 to 34.60; Win- nipeg 3115 to 31.95; -Saskatoon 3005 to 30.45; Edntooton .29.90 to''31.05; Calgary 30.20 to 31.30 Uthbridge Livestock .Wean- 2275 to'K.SO. Halifax 0 Luton 0 neavy over 100 Ibs. Plymouth 2 Bristol R 2 27.50 to 43, all prices per head. Heading 6 Barnstey 2 Light, feeders under 100 tbs. sold Walsall 2 Bradford C 0 from 34 to 45 per ewt. Heavy IV feeders over 100 Ita. K to 30 Bradford O.Scunthorpe 5 __. I t rtosfor 0 [ter cwt. CHARGED WITH FRAUD Chesterfield 4 Aldersbot 2 Exeter 2 York 1. Grimsby 2 Southend 2 Notts C 0 Crewe Alex 1 7' "8t 76.75 79.25 '87 75.75 71.75 i 78.25 '78 81.00 78 .S 74 3S 83.00 inh-nnnri and choice 3C.5S to high-good and choice 3C. 33.00; slaughter heifers agh-good and choice 42.00 to 400- calves most good and choice 30.50 to 34.00; eeder steer calves, small showing choice 400 to 500 Ibs 33J25 to 37.25; steers, choice 670 to 950 Ibs 28.50 to 32.00; heifer TORWJTO (CP) Sander H. OHham 0 Nprthainpton 2 Hamott 40, assistant director of Peterborough 1 Colchester. 1 Klnjianl, WlereJLtk (Jniarance) J-td. INSURANa B JUST MOT PAH Of BUSINESS -n B OUt ONLY WSINESS Phone 327-3009 CONN VAN HORN! JACK WAHUKTON 507 A 7Hi STWH SOUTH THE STOCKMANS MARKET Mn itwny and tondwn nwrlnrt Hnir in HOG SALES ftwtmtttn. m f Wrexbam 4 Workmgtoh 1 SCOTTISH LEAGUE DiTisinI Aberdeen 0 Hearts 1 Airdneonians 3 Dnnfermltoe Celtic 6 Motherwen 1 Dundee 0 St. Johnston 2 Hibernian 3 Dundee U1 Kilmarnock 2 Rangers 2 Morton 1 Clyde 0 Partick 0 St. Mirren 0 Rasth 1 Ayr U 1 Division AAroadi 1 AHoaO Crydebank 1 Brechin 1 Cowdenbeath 0 Queen of S 0 E Stirling 1 Forfar 0 Hamilton 3 East Fife 1 MontroEe 1 Albion 0 Queen': Pk 0 Dumbarton 2 Stenhousemiir 2 Stirling' 2 Stranraer 3 Berwick J coMVftTWB 80.25 .ower. DIVIDENDS By THE CANADIAN PRESS Aku Ahwiifaui Ltd., com- imon 30 cents Juno 5, y3M- record May 7; 4 per cent pfd. 42 ipared prevwus Jujy 15j June 30. nd gilts weak Algma Central lUUwaj., 10 INDICTED Texas grefsmu Jota wu jrticted by a Meral grand hry charges omspir- KJ. penny tbe ise trtenUte faciBki U pn- "mite fcraerf. The wu retarael'tii District C.irt ti Brftonwt, Dmrdy, a DeiMent, Ike hi Net Earnings By THE CANADIAN PRESS Maclam Pwrer amd Co'., -year ended Dec. 31: 1969, a share; 1968, a share; 1968, Mclityre Miles Ltd. year I'lded Dec. 31: 1969, a 1968, calves, few lots choice 340 to M Juno 5, 450 Ibs 32.00 to 33.80. Hogs 145, compared week barrows and gilts weak t 1.00 tower; barrows and" small kit number 1 to 2 203 Ibs 26.40, other number 1 to 2 185 to 202 Ibs 26.00 to 26.50; sows steady No. I to 2, 250 to 300 Ibs 23.25 to 23.75, feeders ope lot No 1 to 2 141 Ibs 27JS. ward contract to convert back into Canadian dollars at matu- The swapped deposit tech- nique becomes attractive when foreign interest is high, provid- itg a better return than that of a domestic instrument. When the temporary celin on swapped deposits was an- nounced last July, Uie Bank of Canada bank rate was in- creased one-half pant to a rec- ord eight per cent at the same time. CUT COULD COME There was no mention of a re- duction in the bank rate this week, but some observers ex- pect a reduction could come within a few months. A Bank of' Canada bank rate cut would be followed by Apr Open High Ltrw Close Thur 2.95 3.70 3.70 3.55 2.95 2.95 3.55 3.70 2.40 TUUway., 10 cents, June 1, record May 8. Bakeries LtA, 6Vi record April 15. Chemical' Ltd., 6 5, April 24, record April 10. prime rate reduction and would loosen the federal government' stranglehold on monetary coadi H. Smith Ltd. Customs Broker EVERY TUESDAY PJM. AND room HOOS MOM tOWS-WMRS UIY CAiVB-OAKT COWS, ITC United Motors Appointment NsrU Canadian year ended Dec. i Ltd. 1963 share; Implements Sales Slump OTTAWA Saks hrm inmtements and nent in during'January shzmped by more than 1? per centto a.vahie of from in January, 1969, the Dominion Bureau Statistics reported Friday. Saks of repair parts alone, which are included m .total sales, picked up by more than nine per cent to a value of 24 cents a 1968, 9 cents. PadOc Wecten AirUaes Ltd. year .ended Dec. 31: 1969 1968, Beef Futures i .WINNIPEG (CP) Trading! was light at the Winnipeg beef futans market Friday. Then was some local aod commission house trade and prices were I unchanged to 10 points higher. r" 31.85 31.85 3125 31.25 31.15 30.33 30.35 30.30 30.05 30.00 30.05 LARGE FOREST Tongass' National Forest In Alaska covers acres. EXPERIENCED NEW and USED CM and TRUCK SALESMEN Required Immediately. We offer a liberal commlsilon plin with company demonstrator, compiny participating he.lth plin other benefits. ..Apply.to.. MR. G. It RICHARDSON, PHONE 327-5763 from in the same month, v I Total sales were down la an ymiocne but fte Atlantic re; gion, where the total advanced to from SPECIAL! 100 Young HoUttin Calves REGULAR CATTLE SALES EVERY THURS.-1 PJ OKW SWHft MSPERSION FRIDAY, APRIL 10th at p.m. 800 HEAD 800 ,UMNG- IS totbtorvd York 100 i Oiks 100 SSO OiHt, krrawi and Wtaiwn n NrtbrM ihlrt PRAIRIE UVESTOCK LTD. SALE EVERY I MONDAY AT p.m. (FARM SALES! WOK SAU BATI NOW Ptrfek Im. AKtiM Marktt ltd. MMfM Jfl tfln W PHf Wiw Wnnt FHONC DAY NWHT 3M49S1 10S7, UTHMUDOC MR. L SUUIVAN Mr. T. G. Martin, nt ond Central Monoger United Motoo, Ii tht of Mr. len Sullivon Monofler of Port ond Slfici ioininj United Molort, In hot edltiom of IrKTtojrnfl ond in hil petition will op- erolioni of parH, ond body focilitiw our A Cor DIvliion. Let Us Take the Worry Out of Your Livestock ewitoch with bvytn, fV mffm tor SPRING BULL SALE SATURDAY, APRIL 25th 12 NOON PRAIRIE LIVESTOCK LTD. ANNOUNCEMENT SCHWARTZ AGENCIES LTD. b Pleased To Announce The Purchase Of BRITISH CANADIAN INSURANCE AGENCIES Effective Wednesday, April Clients and may continue to conduct business at the British Canadian Insurance Agencies Office, 306 7th St. Phone 327-1528. CHAttTOH JH4HN J. 0. WALTttS, A.I.I.C. iftMironcv. FwwojW MKW.MMSM Colkge Mall, Ltfhbridge, 328-3331 ON OFFER REGULAR CATTLE SALE TUESDAY, 7th n (Lin 800 HEAD J IW. A.C.O. FORT MACLEOD AUCTrONMARKFT URLBURTca ;