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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 24, 1974, Lethbridge, Alberta LETHBRIDGE August The Herald- Business Dividends THE CANADIAN PKhSS Corporation dividends quarterK un less otherwise noted Barber Oil Corp 20 cents semi annually I S funds Oct 1 record Sept 13 Campeau Corp 7 per cent 1st pfd series A 7D cents Sept 30 record Sept Ib Canadian General Electric Co Ltd 25 cents Oct 1 lecordSept 10 ptd fa2 o cents semi annualls 15 record Oet 18 Canada Permanent Corp 25 cents t I record Sept b Crown Trust Co Ib i cents Oct 1 record Sept 13 Hudson s Bav Co 30 cents semi annuilh Oct 7 record Sept b Imperial Oil Ltd class A 20 cents lass B 17 232000 ol cents a share 1973 VMOOOO 98 cents Canadian General Electric Ltd six months ended June 30 390 000 si ID a share 1973 ?9 boO 000 20 Canadian General Investments ltd six months ended June 30 1974 s.'lib 000 Db 1 cents a share 1973 M ib7 cents Cochrane Dunlop Hardware Ltd six months ended June TO 1974 S5I2000 WENDY ROSEN The Canadian PRESS Canadian stock markets this week reflected the sombre activitv on ex changes across the nited Stales Prices lell sharplv for the second straight week wilh manv major in dicators hitting their lowest levels in more than three veirs The Toronto industrial index vvidelv based indicator of market trend sunk 8 !4 points to close Pndav at 170 49 a lem since Dec 2 while at Montreal the industrial index dropped 9 7 points to 182 04 to close the week at its lowest level since Dec 16 1971 Statistics anada reported that new ordets received bv manufacturers in June for durable goods fell seven per cent sedsonallv adjusted the Mu level and total new orders bv five per ce nt tor the period The figures indicate a buildup of inventories and a slowing of economic growth which mav lead to i decelerating rate ol inflation -at least for manut u lured yiods inael i s seasmallv adjusteel reil domestic product rose bv one half percentage pennt during June In the 1 nited States observers sav there is investor concern over the combined effect of rising mfl itiem with the eeintmued strength of the cconomv forcing vet another wave ot me reases in prime interest rates Dollar value MONTRF- CP I s dollar in terms ot anadnn funds c losed 1- ridav up 4 2i at 98 1 21 Pouid sterling was up 1 at 27 21 2i In New ork the anadian dollar was down 17 100 at 02 Pound sterl ing was up 13 20 at 32 2 5 The Dow lones average of iO in duslruls this week dropped 4472 to its first close under 700 since Juh 9 The TiHtnto gold index was sh irplv leiuci on the week reflecting activitv on bullion markets The index lell D! 70 to ti Resume e indexes at Toronto also declined The base metal index lost b I) to 7! 10 a low since Dec 7 1971 while the western oil index slipped It 82 to 15172 a low since Aug 17 1970 The Montreal cejmposite index oil 8 i9 to 174 ID Volume was i 89 million sh ires worth bb million compareej with 2 61 million shares and )3 million list week Trading at Toronto was light with 97 million shares changing hands for a v due of million compared with 617 million shares and million 1 ist week Stock close TORONTO KP The Toronto stick market was lower near the close of light trading Friday Roval Trust A lost 1 to Grafton Group 1 to S25 MacMillan Bloedel 1 to Revelstoke Steel lo Dvnastv gamed 'i to New Quebec Raelan 2i cents to D5 InitedCanso s tu i Page Pete 2D t cnls to s 25 and Du Pont i to M-W i Prices took another sharp drop in the stock market f-ruia> crumpling once again under the weight of pervasive gloom over economic prospects Gold prices LONDON I-ndav s closing gold inces in I S dollais an ounce I ondon 153 75 Pins IDS 18 Irankfurt 154 Zurich 154 iO Hong Kong 151 77 Beirut 4 993 a kilo 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 28 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 north ot Lethbridge on Highway 25 Phone 732-4400 PICTURE BUTTE Prices were in light trddmg on the Vancouver Slmk Fxehange Totdl volume was as 1 116 616 shares In the industrials irst Citv was un t hjnged at on 4 100 shares fonarc was unchanged at nO on 4 000 shares Venture Properties up 03at 29on i slures jnd iptain International was unchanged at 15 on 2 600 shares ompuirex is up OD u 10 and Inter njtionil was unchanged at 55 In the mines Barrier Htef was down I i at 47 on 78 70u shares tirandora was down one half cental 24 on43 550 sharts Chromex was unchanged at 43 on 41 000 shares and vpress was down 08 al 38 on 34 700 shares Silver Stan dard was down 09 at 99 and Bathurst Mines was down 02 at 80 In the nils Pavette was unchanged at 40 on il 000 shares fop mining w is up 01 at on 16oOO shares down 02 at SI 48 on 11 367 shari s md Plains Petroleum was down 01 it 12 on 1000 shares uas it SI OT and Princess was unchanged at Ib On the curb exchange volume was 1 il shares Brent Explorations was up 04 at 57 on 32 000 shares Cedar C itv was, unchanged at 49'a on 19500 shares Spirit Explorations was un (hanged at 13 on 17500 shares and C anorex was unchanged at 21'zonl6 500 shares Dasher was unchanged at 17 and Thor Explorations was down 18 at 94 Alberta grain FDMONTON The Alberta Gram Commission reported Fnday farm to farm and farm to feeder or feed mill gram prices continued strong this week in all grains around I ethbndge indicate prices ranging wheat 25 60 oats 50 80 and 05 rom the Medicine Hat Brooks irea we are quoted wheat 70 oats 50 70 and barlev 90 00 Bids from Calgarv and district are wheat S3 >4 20 oats 2o 75 and ?2 Ktnorts liom Ked Deer are wheat s r> si so o its 30 SI and barley s2 ii S i 2-> Little gram moving around Ver milion but prices received are wheat S3 20 00 oats 15 50 and barley 42 Saskatoon 36 75 38 2i Toronto 40 44 100 hogs dressed Calgarv 50 Di70 Edmonton 51 a2 Saskatoon 49 70 50 iO Winnipeg 50 50-52 Toronto 54 20 57 20 Montreal 54 5D i4 84 Winnipeg grain WINNIPEG (CP) With just a few exceptions the futures market was strong at the close rndav on the Win nipeg Commodity Exchange Oilseeds were especiallv strong with manv months of rapeseed and flax increasing their dailv trading limits in good activity r o' trade 7? 000 bushels ot leed wheat 18b 000 of oats 1 381 000 of barley 111 000 of cor n 1 070 000 of rve 137 000 of flax and 1 533 000 of rapeseed Closing prices Thunder Bav rapeseed Oct 17 higher 8 57B Nov 19 higher 8 41B Dec five higher 8 01B Mav unchanged 8 12B Vancouver rapeseed Sept 20 higher 882B Nov 20 higher 869 Jan 20 higher 8 58 Mar 20 higher 8 40 Flax Oct 5 'j higher 11 21' iB 19 higher 10 99B Dec 30 higher 10 79B Mav 30 higher 10 59B Feed wheat Oct I11 lower 4 18'jB Dec unchanged 4 15N Mav unchanged 4 22N July unchanged 4 26N Corn Dec 10 higher 3 83B Mar 10 higher 3 87B Mav 10 higher 3 89'.B lulv 10 higher 3 89B Barlcv Oct '-lower 3 22 Dec one lower 3 15'.: Mav '4 higher 322' A Julv unchanged 3 2434N Oats Oct P i higher 1 9V iB Dec five higher May unchanged 1 Julv unchanged 1 93N Rve Ocl five higher 2 96B Dec 5U higher 291'zA May 7 i higher 3 00' .B July eight higher 2 98B Grain quotes I-ridav (basis Lakeheadi High Low Close Flax Oct 112Hi 1117 1121'4 Nov 1099 1087 1099 Dec 1079 Mav 1059 1030 3059 Rapeseed Thunder Bay Oct 857 845 857 Nov 841 837 841 Dec 801 Mav 812 Rapeseed Vancouver Sep 882 861 882 Nov 869 846 869 Ian 858 835 858 Mar 840 Corn Dec 383 !75 383 Mar 387 Mav Jlv 389 383 389 Rye Oct 297 29034 296 Dec 29134 287 291 Mav 301 291 300'4 Jly 298 Barley Oct 332'2 321'2 322 Dec 315'2 315'2 Mav 324'z 322'z 322'2 Jly 32434 Oats Oct 195 194 Dec 195 Mav 193 Jlv 193 Feed Wheat Oct 420 418'i Dec 415 May 422 Ilv 426 Egg prices EDMONTON (CP) Weekly egg and poultry report issued Friday by the Federal Agriculture Department EGGS To producers A large 71 A medium 69 A small 50 B 55 C 18 cracks 27 To retailers A large 81 85 A medium 79 83 small 60-b8 fo consumers (in cartons) A large 92 95 A medium 89 93 A small 67 79 POULTRY Live No 1 chicken broilers 36 6 and over 40'2 5 and under 6 34 Fowl under 446 Live No 2 chicken 6 and over 5 and under 6 31 turkey-under 12 37 12 to 18 37 over 18 36'2 Livestock Perlich I here were 1 26S) head of livestock bold this week dt Perlich Bros. Auction Market Ltd Receipts included 705 cat tie and 564 hogs Cattle market steadv to 2 00 lower on some classes Majority ot cattle were medium and plain quail tv feeders SLAUGHTER CATTLE Al and A2 steers 49 Al and A2 heilers 39 to 42 U cows 28 to JO 25 Dl and D2 cows 22 to 26 D4 cows 18 to 22 Bologna bulls 28 to 3280 REPLACEMENT CATTLE Medium and plain qualitv steer calves all weights 30 to 38 Feeder steers under 800 Ibs 37 5o 40 50 Feeder steers over 800 Ibs 40 to 45 50 Plain and medium quality feeder steers 33 to 37 Plain qualih heifer calves 25 to 28 h eeder heifers un der 700 Ibs 27 to 33 feeder heiters our 700 Ibs 30 to 37 50 HOGS DAIRY CATTLE Market hogs dressed weight 51 OD to 52 55 Weaners 7 05 to 15 50 Feedera under 100 Ibs 24 50 to 29 50 r eeder over 100 Ibs 31 to 56 Bred sows and gilts 60 to 100 Beef futures WINNIPI-G itPl Live beef tutures close hridav Sept 50A Nov 49 OON Jan 4825N Thursdav s volume No contracts Lethbridge Sales Mondav to t ridav 232 cattle 45 (alves 1 bOS hogs 808 lambs SUMMARY Butcher cattle prices steady to higher in spots Replacement cattle weak to or more lower Trade moderateh active There were msultiuent slaughter sleers sold to establish reliable quotations Slaughter heifers met good demand at steadv to strong prices All cla es ol cows met very good demand prices strong to higher Bulls unevenly higher Quotations include quality premium The lev, replacement cattle on offer meeting an mdillerent demand prices SI or more lower SLAUGHTER CATTLE Heilers A 1 and 2 42 Cows Dl and 2 24 26 25 D3 21 24 D4 Ib 20 Bulls Good 28 S3 REPLACEMENT CATTLE Good feeder steers over 750 Ibs ib 38 Good light stock steers 32 35 Common 2b 28 50 HOGS LAMBS Butcher hogs sold this weeK at the Lethbridge 51 52 b5 base price and feeder hogs sold 4 per head higer M o n d a v Wean ers 14 Light feed crs under 100 Ibs 15 32 50 Hcavv feeders over 100 Ibs 2b62 all prices per head Light feeders under 100 Ib-. sold from 24 29 per cwt Heavv tteders 100 Ibs 25 12 DO per cwt Bred sows and gilts 4599 per head Boars 49 91 per head Good lambs 30 35 Chicago markets CHICAGO (AP) Most commoditv futures prices moved cautiouslv this week on the major exchanges in the United States Price moves were relatively slow except for some vvide swings in farm c ommodities After limit gams and declines in commodities on the boaid of trade closed the week 4 cents a bushel lower to cents higher Sept 7 66 Chicago wheat was 5 lower to o higher Sept 4 40 gull wheat not traded corn was to 7 higher Sept 3 b7'i and oats were 9 to 12 lower Sept 1 b2 Soybean oil was 215 to 3bO points lower Sept 3870 and sovbean meal was 8 50 to 14 70 higher Sept IbO 90 Shell eggs pork bellies and live hogs g lined on the Mercantile hxchange but live cattle futures eased at week s end Increased marketing tended to work on sellers Demand at the con sumers level appeared to be rather thin COFFEE FUTURES UP oflee lutures increased up to 500 points while world sugar contracts g lined up to 450 points (ocoa also pcu'ed a gam Silver lutures rose ibout 5 cents an ounce alter a week of rather wide price moves Orange juice lutures were largelv anc hanged while cotton lutures fell about a bale and copper was down 200 points at week s end Bonds GOVT OF CANADA BONDS 5 2% Oct 1775 96 05 8% Jul 9600 4 j% Sept 71 75 534% Sept 64 00 3% Sept 15 Perp 51 00 Apr 9832 Jul 9820 PROV AND PROVINCIAL GUARANTEED BONDS 9615 9650 7200 6600 5300 9837 9840 Alta Ont Ont H NB NS due Alta Man H Sask Nfld AGT 7% 9% 8'.% 8% 9 8% 90 88 94 90 92 74 90 91 90 90 74 INDUSTRIALS Alta Gas BC Forest BC Tel Bell Tel Bell Tel CP Ltd CP Sec CU Intl CWNG Gulf Oil Inter Prov Massey Noranda Intl Nickel N C Gas Steel Cda 9 4% Tr Cda Tr-Cda Pipe 10% West Tr 8 2% CONVERTIBLES 9 4% 90 90 9 8% 79 938% 93 834% 89 93B% 90 8V8% 93a% 93.% 9 9'.% 91 90 90 90 80 90 90 91 90 90 90 93 8500 7800 8600 9000 6400 9675 9850 7750 8500 9900 99 75 8650 9000 9800 9600 9000 9900 9000 8800 9000 9300 8800 91 00 8750 8800 9300 8800 8900 91 00 7800 8550 8000 8700 9200 6600 9700 9900 7850 8600 9950 10000 Acklands Alta Gas Con Gas Sc Rain West Tr C West Tr 88 87 00 90 11000 89 65 00 88 75 00 88 62 00 91 83 00 9200 12000 6900 8000 6500 8500 It appeared that mil ition was a ma jor factor in the. movement ol prices ol the international futures sue h as silver copper coffee cocoa and cot ton the elemand increased prices increased md when demand lagged puces fell In grims the i nittd Stales depart ment ol ignculture s ciop report ol the previous week remained a buving f ictor in futures because it tended to trim production eslimites There was some idditional rain during the week md this tended to instill i buvmg mood in sovbcans meal md oil (orn and oats also appeared to respond to rain news and reports that drops had im proved liter precipitation Gram quotations Hndav Wheat Sep 4 40 Dec 4 57 Mav 4 57 Jul 4 i7 Corn Seplb7 Dee i b2 Mar367 Mav 70 Jul i 70 Oats Sep 1 b2 Dee 1 b8 Mar I 75 i 1 75' Treasury bills OlTUv if Pi New 91 dav treasurv bills issued fhursdav million it an avei tge price of 97784 and an avenge vie Id ol 9 09 per cent I ist week million at average pi ice ejf 97 794 md average vieldof 9 05 pe r c cnt 182 el n %5 million at in average price ive ngc vicldof 9 17 per cent last week Sb5 million at average price ot and iverage vie Id ot 9 11 pi r c< nt Metals Fndav closing metals bid ask in pounds sterling j metric ton silver in pence a trov Copper Spot 760769 lutures 788 790 Tin spot 810 f 840 futures 3 695 i 700 lead spol 2S4235 lutures i 2il 75 spot 45T 456 lutures 466 467 Silver spot 191 191 5 months 19< 5 1977 Hog prices f DMONTON P clos- ing prices I ridav provided bv the Alberta Hog Producers Marketing Board Thursday prices in brackets Pdrnonton iO 52 (5270) Calgary 5129 5247 Red Deer 1 lovclminstcr Nil (52 05 I ethbndge Nili52i2 holt vlacleod Nil (52051 Hogs sold 1 708 iverage il 11 Gold futures WINMI'K. (CPi (.old futures I S funds Winnipeg Commoditv Ex c hinge close Fndav 400 OUNCE CONTRACTS Oc t 74 116 bO Jan 7i 163 50A Vpl 7i Ibi) 90A Jlv 75 175 90B Oct7i 182 40 Thursdav s volume 135 contracts 100 OUNCE CONTRACTS 74 lib 00 Nov 74 15900 Kb "i 165 Mav 75 17200 75 177 SOB Thursdav s volume 91 contracts REGULAR CATTLE SALE Regular Monday Sale at 11 a.m. REMEMBER HOG SALES EVERY WEDNESDAY will ammbling Market for tlw Marketing Board and Mil and Feeder Hogs at p.m. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Don t be content to accept one offer at home consign your live I stock to u" where you are guaranteed 'o have the Auction Ring fun o' Suyeis (O Did on your product PRAIRIE LIVESTOCK LTD. PHONE 223-3921, OR NIGHT Auctioneer JOHNNY CHARLTON ;