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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 17, 1974, Lethbridge, Alberta 28-THE LETHBRIDGE HERALD-Saturday, August The Herald Business Earnings Bv THE CANADIAN PRESS Barber Oil Corp months ended Junt JO 1974 IbJ J88 197J SI 0-19 802 loss Canadian Cellulose Co Ltd six months ended Junt 30 1974 sU 14! 000 St i share 197J Si 4U (WO 28 ttnts Canadian Pacific Ltd six months tneiti! JuneJO 1974 S87 400000 20d shait 197! iOOOOO JO cents tara Operations Ltd three months indttl Jum iO 1974 ObJ li cents a -.hare 197! Ib7 >l i ents R L Cram Ltd months ended Juru JO 1974 Si 499 000 8b cents j shdrt IT! 4i cents Farmers and Merchants Savings Trust Co Ltd months ended June iO 1T4 49 cents a share 197) sjiSOOO 2i cents Fidelitv Mortgage and Savings Corp months ended June 30 1974 Mil 000 21 cents u share si tb 000 27 cents General Dvnamics months ended lunc 19'4 "89 000 I s funds SI "9 a share Sib 000 >1 >h Giant 'S.ellowkmte Mines Ltd six months emlc I Jum iO 1 M 000 40 cents i -.hut sj (7-> 000 cent Harvev Woods Ltd months ended lunc JO M >1 (XX) 19" M. IXHI Headway Corp Ltd nine months cm) i MJV 1 14-4 si 28> 4! 2 cents i ,hire 14'! si tb (c nt Lake Shore Mines I td months n i lunc 0 l'i.4 >8tnts shire IT! Sh49 H! 1! cents Little Long Lac Mines Ltd M (inlhs ondtd lunc 10 194 si71 892 Killing i vh ire ID M 89 044 i2 c tnts Maritime Telegraph and Telephone Co ltd ended lune 0 8y cents i ,hdte 000 cent-. Mindustnal Corp Ltd m nths ended June ill sfeST 000 K4 cents i -.lure 197) S (90000 iO e c nls Bonds GOVERNMENT OF CANADA BONDS 5 Oct 9605 96 15 8 Jul 9600 9650 4 Sept 1 83 7237 7262 2 Sept 6400 6600 3 Sp15 Perp 31 00 3300 6 Apr 9825 9835 7 4% Jul 98 20 9830 PROV PROVINCIAL GUARANTEED BONDS Alta 83.% 90 8700 8800 Ont 7 88 7550 7650 Ont Hyd 9 94 8750 8850 NB 9 2% 90 99 00 Nfld 8% 74 NS 6 2% 92 76 50 78 50 Que 7J.% 74 98 50 Alta 8 s% 90 98 50 Man Ont 8 91 80 00 81 00 Sask 3 90 8800 8900 Nfld 9 2% 90 98 50 AGT 8 74 99 25 Man GT 8 74 99 25 INDUSTRIALS Alta Gas 9 4% 90 89 00 Alcan 93.% 91 9000 BCFor 92 9200 BC Tel 9 90 98 00 Bell Tel 9 79 97 00 Bell Tel 93S% 93 91 00 CP Ltd 834% 89 9900 CP Sec 90 8800 CUCorp 91 8900 CWNG 934% 90 91 00 Gulf 90 9400 In Pr Pipe 90 8900 Massey 80 91 00 Noranda 9 90 89 00 Intl Nick 9 4% 90 89 00 NSC Gas 9 91 94 00 Steel Cda 9 4% 90 89 00 TrCda P 93.% 90 9000 TrCda P 10% 90 9200 W Trans 8 z% 93 79 00 CONVERTIBLES Acklands 7 88 8700 9200 Alta Gas 7 2% 90 11800 12500 Con Gas 5 2% 89 68 00 70 00 Scurry 7 4% 88 77 00 81 00 W Trans C 5 2% 88 64 00 67 00 W Trans 7 2% 91 85 00 87 00 International Ltd six months ended June !0 1974 570000 22 cents a share 1973 si 880000 2b cents Noma Industries Ltd six months ended lunc iO 1974 S484 2% 48centsd -hdie 1973 S209 39b 21 cents Perron Ine v ear ended )1 1974 Si 000 88 cents a ire 197o 478 000 01 Petrofina Canada Ltd n mths ended lune 3 1974 M2 I8i 000 24 I share 1973 MO 8Kb 000 M (W Thomson Newspapers Ltd six months ended June 30 1974 si i 100 hi 2-) 7 cents i share 1973 Ml 91 i 2) i cents Trimac Ltd three months ended lune !0 1974 7 cents a share 197! S4 )24 000 30 unls Hargreaves Mines Ltd six mi nths ended lune iO 1974 544226 I lire cuts i shate 147! seven tent- Andres Wines Ltd three months ended June 30 1974 S338 925 35 cents a 197) S49b 756 57 cents Canadian General Securities Ltd six months ended June 30 1974 sbbi 000 Si I, a share 1973 000 -1 hi Richard Costain I Canada) Ltd six month- ended June 30 1974 778 000 !2 a share 1973 S430 000 32 cents Dominion Stores Ltd 13 weeks ended June22 1974 S3 8o3 000 46cents i -hare 1973 847 000 i4 cents Drummons McCall ank Co Ltd six months ended June 30 1974 S4 407 000 i! 14 a share 197! SI o22 000 Eddv Match Co Ltd six months ended June 30 1974 S2b3 000 78 cents a share 197! SI 08b 000 Grafton Group Ltd six months ended Julv 31 1974 SI 7b4 000 9! 2 cents a share 197) SI 244 000 b5 b cents Loblaws Ltd 24 weeks ended June 1974 2) a share 1973 no comparable figures available Maher Shoes Ltd six months ended June ill S201 000 74 cents a share 19 i si 19 000 82 cents Holdings Ltd vear ended Juno iO 1974 274 25 cents a share It Si 077 107 s2 cents Peel Elder Ltd six months ended June 10 M :n4 000 47 cents d 1T> SMT 000 21 cents Prair.e Oil Revalues Co Ltd six rrumhs ended June 30 19i4 b cents a shire 1973 SI 99 000 10 cent- Revenue Properties Co Ltd six niunths ended lune 10 1974 S283 511 two cents a sh ire 197! 29 (cnls Rothmans of Pall Mall Canada Ltd uar ended lune it) 1974 S8 000 82 cents i share SDaOlOOO b" Silverwoods Industries Ltd 24 weeks enele'd June Ib 1974 S844 000 b2 8 cents a share 1973 bD 2 cents Traders Group I td six months ended lunc 30 1974 97 cents a share 1973 S? 804 OHO Ib Western Mines Ltd six months ended June JO 1974 SI bb" Oil )2 cents a share 1973 S2 192 415 42 cents Corp Ltd six months ended lunc )0 1974 30 cents a shire 197) 151 24 cents Bad Boy Appliances and Furniture I td 12 weeks i nclcd lune 29 1974 Sib'MOO 181 cents a share 197i SWiOOO lr> 1 cents Carlmg O Keefe Ltd vear ended lune iO 1974 34 7 cents a share 197) y. 080 000 prollt IScents Crestbrook Forest Industries Ltd month- ended June (0 1974 eight cents a share 1973 si b! cents Donohue Co Lid six months ended turn ill 1974 il a shaie 19" i 195000 ib cents Federal Pioneer Ltd six months ended lune W 1974 17 a shire 772598 SI 60 House of Braemore Furniture I td six month- ended June JO 1974 W8 000 b4 cents a share 1973 '282000 4i cents Numac Oil and Gas Ltd six months ended lune )0 1974 S973 IDS 608 THE STOCKMAN'S MARKET HOGS SELL Tues., at 1 p.m. 9 Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Drewed Basis YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. PERLICH BROS. AUCTION MARKET LTD. Located In the Hub of Southern Alberta's Livestock Inductry 3 miles east of Lethbrldge on Highway 3 and U> mile south BOX 1057, LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Company Ueanaa No. 071409 AUCTIONEERS: JOE PERLICH Lie. 010293 BOB BALOQ Lie. OT74S4 TONY PERLICH Lie 010292 Some indexes fall to four-year lows By WENDY ROSEN TBe Canadian Press Some indexes on major Canadian stock markets fell to three-and four year lows in dull trading this week The rally some analysts predicted would follow the swearing in of Gerald Ford as president of the United States did not occur Although President Ford said his first priority is relieving inflation investors fear that the unsettled situation in Cyprus will take his attention awav from the domestic problem The Dow Jones average of 30 industrials rose last week on speculation that Richard Nixon might resign but lollowing confirmation it fell consistently for seven straight sessions The average lost 45 77 points on the week to close Fn dav at 731 53 its lowest level since Aug K 1970 The Toronto industrial index widely based indicator of market trend fell b 77 points to close the week at 178 W At Montreal the industrial index closed al 191 81 down 8 64 and the composite at 182 74 down 7 12 points Observers sa> a kev to a market rebound is clear and continuing evidence that the pace of inflation is slowing which will in turn be refltc ted in a reduction of loan demand and lowered interest rates Stock close Harvest without hands It's tobacco harvest time in southwestern Ontario and the picking is easy this year with more harvesting machines in the field Gregory Lambden of Tillson- burg, Ont, drives a tobacco combine which has adjustable blades Ottawa tPi Receipts of -laughter cattle and calves at nine? public stockvards rose 4 025 this week to 2217-1 the lederil agriculture department said tndav I redcr cattle md calves totalled 7 ho down 1 i50 Sheep and lamb- numbered 3 225 up 750 Trading on 1 and 2 steers in Toronto opened Mondav lower under moderate demand but later active trading brought steadv prices 1 and A 2 hoilcr- gained SI in midweek D 1 and D 2 cow prices rose under good demand Vealer ralf prices dropped to under narrow demand In Western centres most trading for slaughter steers was in algarv where c irlv gams of i were partlv offset bv c losing losses ol 50 1 and 2 heifer prices at all centres were steadv to higher under good demand Prices on 1 and 2 cows in Winnipeg md Saskatoon were steadv under active trading and rose iO cents in algarv PRICES V 4RY r dmonton prices dropped oO cents earlv in the week but closed 50 higher In Toronto prices dropped SI for steers of more than 750 pounds md to 'or heilers of more than 5aO pounds Prices dropped to for steer calves 401 o75 pounds and to for heifer calves 401 to D50 pounds In Western centres trading was confined mostlv to Edmonton where prices on steers ol more than 750 pounds rose 50 under moderate to good demand Vll other classes dropped to Good lamb prices in Toronto rose to urder active trading 100 hog prices in Toronto rose 80 in earlv trading but dropped 23 ce nts in midweek In Winnipeg uneven prices ended in a net loss 10 cents I'm es rose in Saskatoon "D cents and in centres hi to 45 STOCKYARD QUOTATIONS Slaughter cattle steers 1 and 2 Calgarv 48 aO Edmonton 4b 47 aO Saskatoon 47 49 50 Winnipeg 51 52 50 Toronto 52 54 Livestock Hcilcrs A 1 md 2 Calgarv 38 42 F dmonton 37 )9 80 Saskatoon 3b )8 7i Winnipeg )8 42 Toronto 42 47 D 1 and D 2 c ows dmonton 22 24 Saskatoon Winnipeg 2527 Toronto 2b 28 Slaughter calves and choice veil h dmonton I) !8 Toronto 45 DO Montre il m )0 I eccler steers over 750 pounds !44) F.dmonton 374050 Saskatoon Winnipeg 3541 Toronto )8 45 steer calves 401 575 pounds I dmonton )0 i) Saskatoon Winnipeg )8 Toronto 43 Good lambs falgarv 35 37 Edmonton 36 42 Saskatoon 37 75 Toronto 4 i2 Index 100 hogs dressed Calgarv 47 id 48 bfl 1- dmonton 48 70 Saskatoon 48 48 95 Winnipeg 49 25 50 55 Toronto 5ti05i2i Montreal 5416 1454 Perlich Hog prices EDMONTON (CP) Average closing prices Friday provided by the Alberta Hog Producers Marketing Board Thursdav s average in brackets Ldmonton 49 b! 148911 Calgarv 4941 (48861 Red Deer 49 4b (4860) Llovdmmster Nil (48 10) Lethbndge Nil (48fal) Fort Micltod Nil (48551 Total hogs sold 1 914 average 49 50 no sows sold Feed prices WINNIPK, iCPi Wheat board domestic feed gram prices 3 CW red No 1 spring wheat 4 22 No 1 feed oats No 1 leed barlev 3 32 TORONTO (CP) The stock market was lower at the close of light trading todav Preliminary index figures had industrials down 49 to 178 84 golds up 7 96 to 528 05 base metals down 41 to 79 43 and western oils down 2 82 to Ifa754 I- mal volume was 1 28 million shares compared with 1 18 million shares Thursdav In industrials Aquitame lost 2 to Falconbndge Nickel I'i to WCI Canada 1 to Imasco A 1 to and BC Forest 1 to Pine Point was off to Quebec Sturgeon to and Northgate 25 cents to 60 Weco Development fell 50 cents to 70 Numac to and Canada Northwest 35 cents to 15 Lmco gained to Alcan to Mattagami i to PamourJ i to and Dome Mines '2 to Egg prices EDMONTON (CP) WeekK egg and poultry report issued bv the federal agriculture department EGGS To producers A large 71 A medium b9 A small 50 B 55 C 18 cracks 27 To retailers A large 81 85 A medium 79 83 A small 60-b8 To consumers (in cartons) A large '84 98 A medium 82 90 A small 75 79 POULTRY To producers Live No 1 chicken broilers 36 b and over 40'z 5 and under 34 Live No 2 chicken b and over Jb'i Turkey under 12 40 12 to 18 40 over 18 38'. Gold futures WINNIPEG (CP) Gold futures U S funds Winnipeg CommodiU Exchange 400 ounce contracts Oct 74 157 70 Jan 75 164 10 Apr 75 170 50A Julv 75 177 10A Oct 75 183 40B Thursdav s volume 236 contracts 100 ounce Aug 74 155 70B Nov 74 159 90 Feb 75 16b OOB Mav 75 172 40A Aug 75 178 50A Thursdav s volume 70 contracts Beef futures WINNIPEG (CP) Live beef futures Sept 50 50N Nov 50 SON Jan bOOO Thursdav s volume No contracts There were 1 105 hnad livestock sold thi- week at IVrlich Bros Auction ltd Receipts included 506 cattle and i99 hogs C attle market met m improved demand on all good qu.ilitv cattle Prices 1 to 2 dollars hiphe r Plain qualitv and bull calves continue to meet buver resistance Price quotations as follows SL M.GHTER CATTLL U and A2 steers 48 to 51 60 and heifers )9 to42 20 1 cows 29 to iO Dl and D2 cows 2s to 27 70 D4 cows 18 to 24 Bologna bulls 26 10 to 27 10 Butcher bulls 33 75 to 40 REPLACFMENT CATTLE Steer calves-250 400 Ibs 38 to 40 t ee'cler sieers under 800 Ibs 40 to 4i Feeder steers over 800 Ibs 40 to 46 50 Plain qualitv feeder steers 30 to )9 Holstem steers 27 to 29 Heifer calves-2iO 400 Ibs -30 to32 I-coder heile-s iO to i7 25 Plain heile i- 2i to 30 I-ee'der cows 18 to 22 HOGS Market hogs dressed weight 46 M) to 4725 Sows 2470 Good weaners 10 tn 14 7i Light weaners b to 10 17 teeders at 180 Ibs 57 7i Bred sows and gilts 60 to 90 Chicago markets (AP) Gram futures struggled to rebound from the previous session s heavy losses but onlv corn gained substantially Friday on the Board ejf Trade 01 n futures closed at the limit of 10 cents a bushel higher but could not tug other commodities to sizable gains Traders cited Japanese purchases of corn and dismal prospects of corn export controls as factors in Fndav s gams Sovbean oil touched the limit of 100 points higher and created some upward movement m the soybean complex But as oil slipped slightly to moderate gains other soybean contracts c losed substantially lower Sov beans opened mixed but rallied to moderate guns midway through the session Sovbean futures however succumbed to profit taking after reaching the day s highs Irt the last two sessions soybeans fallen more than 40 cents a bushel Wheat advanced stronglv to record gams of 5 to 8 cents a bushel despite reports of a record crop of 49 4 million tons in the Soviet Union Oats gained 2 to 4'i cents a bushel At the close sovbeans were 1 to 13'2 cents a bushel lower Aug 7 68 Chicago wheat gained 5 to 8 cents Sept 4 35 Gulf hard red wheat not traded corn 10 higher Sept 3 67 and oats 2 to 411 higher Sept I 73 Grain quotations Iriday Wheat Sep435 Dec 4 51 Mar 4 63 Ma> 4 50 Jul 4 42 Corn Sep 367 Dec 361'z Mar 3 631. Mav 3 M lul 3 63 Oats Sep 1 73 Dec 1 80 Mar I 84 Mav I 85 Winnipeg grain PICTURE BUTTE AUCTION MARKET Ideally located in the centre of a large cattle feeding and hog raiting country RANCH CALVES FEEDER AND FAT CATTLE WED., AUGUST 21 1P.M. 200 to 300 Classes of Cattle HOG and DAIRY CATTLE SALE EVERY SATURDAY at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY Trucking Branding Vaccinating Order Buying Government Veterinary Service Feeding Pens For Information and Listings Contact JIM or JOE JURIS Picture Butte Auction Butte, Alberta Auction market located 16 miles north ol Lethbridge on Highway 25 Phone 732-4400 PICTURE BUTTE WINNIPEG (CP) Rapeseed and flax futures posted moderate gains in a lack lustre trade Friday on the Winnipeg Commodity Exchange (orn advanced as much as 10 cents on d mixed demand while rye made narrow gnn-> Oats and barlev as well a" fetd wheat were barely active the close flax was 7'z to four cents higher Thunder Bay rapeseed 12 higher to unchanged Vancouver rapeseed eight to 14'2 higher corn 10 higher to unchanged rve five higher to unchanged oats "4 higher to unchanged feed wheat 10 higher to unchanged Thursdav s volume of trade was 253 OOfl bushels of feed wheat 197 000 of oats 3942000 of barley 154000 of corn 651 000 of rve 84 000 of flax and 1 000 of rapeseed Thunder Bav export spring wheat Dividends THE CANADIAN PRESS Corporation dividends quarterly unless otherwise noted Power Corp of Canada Ltd, 10 cent-- Sept to record Sept 9 434 per and bai lev 2 JO 2 90 F rom the Red Deer area pnc es quoted arc wheat i SD oati I b 1 oO and barlev 2 )0 2 75 No sales have been reported in the ermihon district In and around I drnonton quotation are wheat 4 IT oats and barlev 2 15 2 55 The Peace Riverdistrict prices are wheat 3 1 75 oats 1 20 1 4i and barlev 205 J feed corn j 90 4 25 I o b Lethbi idge 15 1974 Vancouver cash ranged up to 80 per bushel Gold prices 1ONUON lAP Closing gold prices in U S dollars an ounce London- 1-.3 50 Pans-15882 Zurich-15b 00 Hong b3 Beirut-S4 953 a kilo Food prices climb The food price index rose 1 8 to 190 2 in July from 1884 in June Statistics Canada reported the higher prices for beef accounted for more than half the in- crease in the food index REGULAR CATTLE SALE Regular Monday Sale at 11 a.m. REMEMBER HOG SALES EVERY WEDNESDAY We will be assembling Market Hogs tor Marketing Board and sell Weaner and Feeder Hogs at p.m. NO HOGS WILL BE SOLD MONDAYS NOTICE- Vee Lowry Household Furniture Sale Sat., Aug p m. REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Don I be conten' to accep one offer at home consign your live I stock to us where you are guaranteed to have the Auction Ring I lull of Buyers to bid on your product PRAIRIE LIVESTOCK LTD. PHONE 223-3921, OR NIGHT Auctioneer JOHNNY CHARLTON 293 Sales Manager GARY JENSEN ;