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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 11, 1970, Lethbridge, Alberta Ottawa Weekly Livestock Report OTTAWA (CP) CalUe de- fiYcrio >t Canada's 10 publk stockyards from Monday to Thursday week al bead were sflgbUr above the previous wek and 2.0W mot than in the OTTOpoodmg wek a year Exports of beet catUe to the United SUles Ust rate to K7 head, made up of 514 lor immediate slather and 473 fcr further feedioj. the federal Offerings of cattle at pubhc stockyards were about the same m the previous week. De- mand was uneven and scattered price losses were registered in all daises sod grades of slaught- ered cattk. Steer prices werefrcm steady to tl lower and hefcn steady to 50 cents down. Cows and bans.were steady to tower. Feeder cattle Ret only a moder- ate demand at steady prices. Tbe caK1 market follows UK week's trend with most sales from steady to 52 lower. The 'hog and lamb market were downward in 'price tbrougb- Mootreal 24.75 Winnipeg 30.35 to 31.45; Saska- toon 29.20 to 30.10; Edmonton 28 to 30.20; Calgary 29 to JS.7S. Livestock (Supplied by Canada Department of Agriculture) Sales Monday to Friday SO cattle; calves; hogs; 11 lambs. Butcher cattle prices weak to f much as 75 lover io spots. Replacement cattle steady to strong. Cattle market moder- alely Mtire. Good and choice Livestock out the week. Good lioftis'. to 25.25: Tonoto 30 to 31; Win- nipeg 30 to 31; Saskatoon 28.25 to-SJS; Edmonton 29-to 30; 'CaUjirjr aa to 30.25.. Good cows; Montreal a to SS; Toronto 23.50 to 2450; Wkmpeg 24 to 25.50; Saska- toon B.50 to 24.73; firtaoion 22 10 H; Calgary 23.50 to 24JO. Good feeder steers: Itrato to 31; Winnipeg 32 to 37; Saskatoon 30.25 to 37; Edmon- ton 30 to a; Calgary 30' to Good and choice real ealves: Montreal 43.50 to Toronto M to 50: Winnipeg 45 to 49; toaa12.SC; Edmonton 29; -to M. Good Lambs: Toronto 2> to M.50; Winnipeg 24; Edmonton J9; Calgary 30 U) 31. Base bogs: Montreal 31.50 to S2JO; Toronto 32.35 to 34.23; steers opened tutty steady, dos- iag 25 or more tarn-, with ales up to 31.M. Mednm grades 23 to 50 tower. Good aad choice botcher heifers sold at steady prices under good demand. All classes of cm closing inter pressure, prices 59 to 73 lover. Bulls around 1.00 tower. Medium and good stocker aad feeder steers continue to meet very good demand from heal buyers at lo strong prices.-' Slock steer and' heifer calves sold at firm prices. Ex- ports one toad buQs. There wen 211 hogs sold for export. SLAUGHTERS Steers, choice 312 to 91.90; goad 30.50 Ip 31.23; medium 20.00 to 30.00: Heifers, choke 30.25 to 30.75; good 2J.5e to J0.2S; medium 3.00 to 29.00. Cows, good Z3-25 to 24.00; me- dium 22.00 to 23.00; canoers and cotters 19.00 to 21.50. Buns, good 26.50 to 28.00. REPLACEMENTS Good heavy feeder steers over HO IDS. 31.00 to 33.00. 'Good light stock steers 550 to fa. 33.00 lo 38.50. Good feeder betters 550 to 700 OK. 31.0) to 36.00. Good stock steer calves 41.00 to 4A.J5. Good stock heifer calvej 36.00 lo 38.90. HOGS, LAMBS Butcher hogs soli thu week f.o.b. Letbbridge 28.W to 30.25 base price. There were 211 -bogs bought for ejLjjifl, price con- verted to 23.50 h'veweighL WeaoEr and heder bogs sotd 1.00 lo 3.00 per head kmrr last Uooday. Weaoan 16.50 to 22.00. Ught feeders under 100 Da. 24.75 to 2J.75. Beery feeders orcr-100 .-'ZSiS to S3.W sfl prices per DBML Ltghi feeders noder 100 Ibs. aoU from 30.W to B.OO per hundredweight. Heavy feeders m Tat. S.OO to 2S.OO per bundredweignt, Perlich Livestock There Here head of live- stock sold this week at Perlich Bra. Auction Lid. Re- ceipts included cattle ud 159 hogs. The majority of tbe cattle we feeders sad calves neigh- ing between sot and MO Ibs. Tbe market was steady lo 2.00 taw rlaatu. Heavy heifer stand tbe great- est SLAUGHTER CATTLE: Stem choice gone on offer. Medium quality 29 to 30.50. Hol- stetn itMrs a to heifers choice X to 31.00; medium 29 lo 30.00. Con: GoodM loM.M; roed rum 22 to 23.50; earners and cutters U to 21.50. Bulk: No good ijjiiifjhipr bulls OB offer. REPLACEMENT CATTLE: Feeder, steers 750 to to. fa stars m to 750 Jbs. S4 to MJO; hoMein steers X to JS.M depending oa i toe and quality. Feeder betters 700 to 909 ta. 9 to 32.30; hrrf- ee 550 to 700 SB. 32 to 3610; plan kinds a to 32.00; feeder xnre mostly 23.50 to 2C.OO. A fev- medium to' piain quality stock cows aad betters with calves at side 290.00 to 325.00 Steer calves 450 to 550 Ibs. a to 42.30; tight steer calves 43 to 46.00 some sales higher. Heifer calves 400 lo 550 ftsl M to 37.25; lighter heifer calv- es 36 to 42.00. HOGS AND HART CALVES: The hog run was fight this week with aH dames seOng lower; 11.50 to 22.00; 15.50 to 11.00. d Sows 75 tn him 21.75 to 23.23; Ught feeder cows 25.00 to 9.1V. Bulls a.M lo a.m. Good yearling feeder steers 35.50 lo 37.00; far to medium 33.DD to 3925; good yearling feeder htden 33.75 to S5.SO; fair Lo medium 312 to 33.50. Good steer calvei 44.50 to 48.00; fair to medium '41.W to 44.23; good better eitva M.75 to 40.50; fair to SS.75 to 38.50; baby cakes 77.M to 17.50. Weuer bop to feeders 30.00 to Sl.lt- Stovely Livestock STAVELY The Coristie Livestock market sale iteady al last weeks with butete com IB strong demand. Stacker and feeder cattk were meeting steady from local buyers, nth a pack- age of good heifer calves bring- ing 37.25 a hundredweight.. Good butcher cows 2S.M to 27.40; fair to medium 24.50 to -MvrAry, April 11, It70 THI liTHtXIDOC HtMID 23 Bond Prices Supplied by Dooert; Roadheuse sod McCuaig Bros. eovflNMMt Of tONM r. April 1 V'" Sep. 1 4S Oct. 1 Jan. 15 Sep. 1 Tl '83 Perp. 37. Sep. 15 Bid Asked 91.50 90.23 93.85 91.60 91.25 92.50 75.75 76.75 71.00 45.25 COVBMHiUT Of CANAM I0MM Feb. i May U Feb.l 5ij'.'. Jan. 1 KJS 87.25 B.75 85.23 M.75 70.29 'S5 7S.75 81.25 Tight Money Won't Loosen Grip On Weaker Market By NICK FERRIS Caaatiaa Pmi Stag WriUr Still, some feel a cut id the Bank of Canada bank rale may be announced soon. Canadian stock: mariwti broke A Canadian bank a two-week rally ibis dropping moderately io dull prime rates has dustrlals ivere down I.7J to 192.73, golds 7.17 to west- ern oils 4.01 to 195.53 and metals 1.51 to 11G.OO. Volume was Alia. Tel "91 B.C. Hy Madtoba 6 r. 79 .Man H-E 6Ur. '86 NIW. ear. 'si N.S. '91 feeder steers 25.60. Good yearling 32.M to 3440; fair to 31.30 to 32.60. Good yetriiag feeder heifers 3025 to 31.15. Good steer earns 372 to 39.73; good heifer calves 37.25. Baby calves UO.OO.- tight Bred Gilts 105.00. A large selection of baby catv- es sou mostly 65 to S7.M afl prices per bead. Tabor Livestock TABER On offer at ttw Pravie Urcetock Ltd. sale Ibis week were M4 bead of bvestock consisting of 767 cat- tle and 77 bogs. Trade active with aD classes meeting keen demands. Stock cows op Butcher cows up 25 cents. Bulls up S1.50. Year- Hog feeder steers up f ling Infers up Light steer calvej up Light, heifer earns up 200 300 steer calve top- ped and tbe same might heifers topped JS6.0C. All classes of togs were up to 3.00 over last week. Stock cows and bred to 370.00; good butcher coin to 25JO; fair to med- Ontario 5 'VI It 'tl '91 73.00 H.75 71.25 79.75 81.25 74.25 77.25 63.75 71.50 7225 73.25 76.75 76.25 6.75 88.23 70.' 83.50 86.25 86.75 78.75 11.25 67.75 70.25 67.73 71.25 Trading Fever Cools SYDNEY, Australia UP) In tbe last tune days Irading in Australia's wonder uckel com- pany, Poseidon, has had more than lopped, off its market value. Wiih current value fluctuating around this repre- sent i backslide of more tbm '73 'M '83 'M 83.75 'S3 63.75 77.75 91.00 95.00 '84 72.75 ?6.75 76.75 Ont. Hyd Quebec Quebec Sack. Alia GTS sJHft 70.75 73.25 Alurnin. 4tt% '73 86.75 89.25 BA Oil B.C. Tel 6 Cdn Brew 5 Cdn. Chm 7 To CPR 5 5, Coos Gas- 6 Crest Tbr VA'-> CrestlEr? Dom TC GM Ac 7. Imp. Oil '17 76.75 79.25 Rio Alg '83 71.75 RoyNat 77-73 Sec Can '78 81.30 83.00 Shell Oil 431% TO T9.75 Tr Cn P 'tl 68.75 71JS .75 S6.25 72.25 80.25 93.00 97.00 74 35 Pac Pete 5 77 M.75 45.25 Tr Cn P 5 Westcoast ft 'M M.75 83.25 82.75 85.25 COMPUTE SKUftmr livestock KITS Ore. (AP) fMMl la and arm compared Litt week and i rfiffOTitt age; compared close of last LOCKS untor staugte stars sod bett- LOCKS Mid, to 2.00 tower, cows and to 1.00 tower, bulk weak SAFES 1.00 feeder classes 1.00 SAFE 2.00 tower. steers mixed good "A" Burglar choice a.M to 30.75; slaugh- Syiremi heifers good ta.a.TS; slaughter COMMERCIAL -.IESIDENTIAI a .25 to 24.00; slaughter' bulls commercial Houn good to 77.50; vealer a.m. to good and choice SAT. lo 45.00; feeders a.m. la p.m. 24 HOUR EMERGENCY SERVICE choice 571 to, 585 year-ting steers 34.90 to 35.10; steers standard and good 25.00 to Al Work heifer catvn few' good PHONE 415 Int Ay.. S., choice a.50 to 31.90; heifers few good and choke 500 lo 150 25.00 to a.M. Beef Futures WINNIPEG (CP) Trading was inactive in tbe Winnipeg Beef Futures Uarket Friday. There were some offers at the previous close levels but there no buyer. nteresL, Close Tbur 31.CO 31.60 1 30.70 30.75 30.00 '30.00 30.00 30.00 May July Sep Nov Potato Futures Mari- time Potato Futures Market had a good volume of trade Friday, with producers' selling and' a fair volume of commis- sion house buying. Prices were eight and line points below the Close Thir. PRAIRIE UYESTOCK LTD EVERY MONDAY Lrt Us HM Worry Out of Your Uvntock SaUt i i cofitcKtt wrffi profvnivnol wrty SPRING BULL SALE SATURDAY, APRIL 25th 17 NOON PRAIRIE LIVESTOCK LTD (rOftMtlT HAKOtTf-rtfrtW UVHTOCK LTO.) PHONE 223-3V21, TAUI OAT OR NIOffT one third. This time, Poseidon director S'orman Shierlaw has seen his personal fortune fall on paper by as the value of the snares dropped by Shierlaw has tbe biggest slice of Poseidon, with snares. Yet nothing untoward has oc- curred recently. The prospect- ing company's quarterly report April 1 MtaiDr announced that further nickel ore reserves had been found. GRIPPED BY FEVER fever" explanation has been used to describe the stock's meteoric rise from 67 cents a share last year to three months ago. The few was fanned by a statement from Shierlaw that be believed tbe. share price could go as high as KOI. i Even tbe fall from its top price to post-Easter could be explained this way: Tbe [ever wu subsiding. No such explanation has been forthcoming on the nine-day slump which has resulted in thousands of money-bnngry peo- ple uxipus to join Australia's mineral boom seeing the value of their bmstmeots slashed. Some stock exchange watch- ers believe a term of reality has invaded the market. Instead of investors plowing money into what might be hid den beneath tbe semi-desert of the Australian hinterland, mey are gauging tbe extent of in- volvement on what actually has been found. Weslcoast 55W '88 70.25 Trade Links Stay (CF) The presi-, dent of the British Board of Trade said today lhat member- ship in tbe European Common Market will not mean Britain win ignore trade links with Can- ratbag. The upswing began after set-ral large American institutions cut thar prhne teod-mg rates to eight per cod. from There were hopes that the refaction fa prime the to-lerest charged to a bank's best would be me begu> Ding cf an easing in tight monetary conditions that have depressed Canadian and Arctrkan markets since last June. However, when it appealed that there would be no immedi-ale relief in Canada, Canadian markets turned lower in lack-hBtre trading. Markets opened fewer Monday and continued to fall in each of the nezt lour Masons, wth Friday's losses the largest of the week. Credit restrictjoDE were posed last summer in an attempt by the federal govem-meot to fight inflation. But the government has not indicated that it thinks inOation tes been retarded or tt> VS. LVflUS.VCE Observers believe mat If such i cut canes, it will not be sim-ily in response to rale reductions in the United SUles but because the Canadian government feels that inflation in Canada has been slotted down. Anotber point In favor of a bank rate cut is lial federal authorities now face the task of refunding in bonds and in special treasury bills failing due May 1. Nesbifl, Thomson and Co. Ltd. said in a money market letter that it expected the bank rate Lo be cut before the news issue is announced to create more settled market conditions. But Bums Bros, and Denton Ltd. disagree. "Al present, the monetary authorities appear content to bold the line, and prospects of i bank rate change are slight until me May 1 refunding is completed." Statistically, on index at tbe Toronto Stock Exchange, wiui 11 Losses outnumbered ains 485 lo 3M with 200 mchanged. On the Montreal and Cioa-han exchanges, the index was off 3.75, to 179.51. omtined volume was shares compared with ast week. Losses gains 234 to 116 with 115 unchanged. Market Investors Cautious TORONTO (CP) The Canadian bond market closed higher in quiet trading this Dealers are reporting that nvestors are cautious, waiting or details on Lhe Canada Refund issue, expected early next Day-to-day money waa Friday, at the lowest rate of he week, 6 per cent They traded throughout tbe week at 7 XT cent. Three- and suc-month treasury bills traded Friday, at 6.90 ud 6.55 per cent, respectively, also the lowest rate of tbe week. The 90- and 182-day treasury sills ranged on the week from 6.80 and 6.55 percent, lo and 6.71 per cent, respectively. Canada S Profits Lt VANCOUVER (CD-Canada Safevay Ltd. today reported higher sales but lower profits in Vs. 1969 annual report. Consolidated sales including overseas divisions meretserl 6.8 per cent to from in 1968, board chairman Waller J. Kraft of Vancouver; said in the report. Net earnings were an Ljuum from in tbe previous year. Tbe totals include sales and jwer The report said 1969 was ifficuK year because of con tinning inflation, wheat sur uses and labor problems. "For the first time in is his-ory Canada Safeway had ntonged labor dispute cu minatrag in a work stoppag which closed 59 or our stores f Vancouver division for a troxiiaately three Mr raft said. "The dispute had eadening effect "on our sales and earnings." The report said Now and Save! THE WORlM Jju IARGKT MANUFACTURER OF CEDAR HOMES ada. from overseas operations in United West Ger- many and Australia. "Earnings, of our Canadian operations were down from 1963, a decrease of 2.5 per Kraft uid. The report did not give a, break- down of figures. Mr.. Kraft said .earnings per dollar of sales declined during the last two years and now are less than two per cent. pened 54 new year, 13 b Canada and nine overseas, and closed 10, nine of them in Canada. There 260 stores operating in ianadi at the year-end. The company entered the To- ronto market last year wii the opening of one stare in the met- ropotitan area. Additional sites are being sought. Autos Enter Jasper Roy Mason told tbe British Canadian Trtde Association that Canada is, aad will remain, t supplier of goods to Britain. "Britain its his- tory has never dodged iU re- sponsibilities nor ilkrwed old loyaltjea to be Mr. Mason said. He said Canada supplies worth of goods to BriLaE a year and "the Britain of the future, whatever its status, have to draw much of its needs from here." Britain exports to Canada total about a year and "Canada, of course, will most certainly remain priority market for Britain's exports." Mr. Mason said that if Britain enters UK Common Market "it will have a profound and incal- culable effect on our links silh )tber countries" but "we are dot taking a decision to pun out of everywhere else." "The strength and prosperity which we vant to develop for reasons of our own sea-interest are also of vital interests to countries like Canada.' A text of his speech was re- JASPER (CP) Apprmi raatety can entered Jas- per National Park last month compared with In the same period last year. Statistics from the park super- nteodent's office showed a 40- per-cen( increase in the num- ber of cars over a 12-mooth period. From April 1, 1969 to March Jl, 1970, can entered the [ark compared with for UK 12 months .prior to this ptrlod. D, W. (PAT) D. I. Hoy, ef HOT Atmctti ColfffK Moll, li plntfd la that Pal Brown fiol ond Commirclol Depart- ment 01 Contultonl, Pol hoi had mony ormi- In ond finan- cing, Real ond property, monogmttnl. Mr. Brown will hquirln from tlimfi and would pleoMd to oiilil anyone wirh nSelr Real EitoH IF fia would ro hart yeur property opproitcd, coll Tat Brown.. Pulp Workers Reject Report On Wage Rift HKTON (CP) Members of tbe Internatiml Brother hood of Pulp, Sulphite and Pa per Mill Workers nave rejectee provincial cootiliatioD of icer'5 report In a contract dis- pute vith Northwestern Pulp and Power Ltd. The union, local K5, votei 290-to-10 against tbe recommen- dation. Union president Stan FriUei said an application will be made for a strike vote. He said the union baa been working wi'Jnut t 'cortrMt since llarch 1 and negotiations broke off with the company March 20. leased in advance of delivery. I marack in 1799. PIONEER FORECASTER The first scientist to try hi hand at forecasting weather is believed to be Chevalier De La NATIONAL FOOD MANUFACTURER nw for on onMtrtwi GROCRT SALES to call on wholewlen and retail In tha Southern ft eg ion of Alberta. Applicant muit experienced and have a proven tetord 'in tht grocery field. We offer a good jfartmg wage, company car, expenttt paid and utuaf fringe In your reply pTeaie give a complete In your own handwriting ttaring previoui empfoyrnenf record, ex- perience in marital ilatui and lolory lequlrcmtnb, reply 5W2, fntal Statrm A, management limited if financial planning Require 3 Divisional Managers TlieM potlrlani will b dwtrr mlkt Mt) Highway 1 tmd DAY OR NIGHT 373-3951 BOX 1057, LETHMIDGE ;