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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 25, 1973, Lethbridge, Alberta 10 THI lETHRRIDGe HERALD August 1973 Grain Prices Winnipeg grain WINNIPEG Pi-ices rare lower in all grains except barley at the clcse of active trade Friday on the Winnipeg Commodity Exchange. Flax dropped down the 60- Grain quotes CHICAGO Grain quo- tations Sep Dec Mar May Jul 3.60 Sep Dec Mar May 2.73 Jul Sep 1.1434. uec Mar May Jul 1.24. cent limit early in the 1 staged a partial recovery and I then subsided to close down the limit. Rapeseed prices followed a similar pattern. Oats prices moved in a nar- row while barley moved higher. Rye was down its 10- cent limit throughout the ses- sion. Thursday's volume of trade was 473.000 bushels of 000 of rye and of rape- seed. j High Low Close I Flax Oct 960 923Vz 1 Nov 942 905 905 942 893 893 JMay 904 893 893 Rapeseed Vancouver Sep 643 618 618 Nov 621 624 Jan 622 622 Net earnings By THE CANADIAN PRESS Bank of Montreal. nine months ended July S2.94 a S2.56. Loblaw Co. Ltd.. 12 weeks ended June 23- 1973. 35 cents a three cents. Toronto Dominion nine months ended July a S2.03. Kelly Douglas and Co. six months ended June 21 cents a 43 cents. 620 622 Rapeseed Thunder Bay Oct 621V4 598Vi 595 595 554 554 570 570 Nov 621 Dec 573 May Oats Oct 150V4 Dec May Jly Barley Oct Dec May 223 Jly Rye Oct Dec May Jly 134 228 l-i 224 141 140 235 225 218 260 262 REGULAR CATTLE SALE EVERY MONDAY AT 11 A.M. CHANGING SALE SCHEDULE Effective September 19 we will be assembling butcher hogs for the marketing board on Also we will be selling weaner and feeder hogs and baby calves on Wednesday at 1 p.m. REGULAR CATTLE SALES CONTINUE ON MONDAYS Don't be content to accept one offer it consign your livestock to where you are guaranteed to have the Auction Ring full of Buyers to bid on your product. PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIGHT JOHNNY CHARITON Lie. 293 Manager GARY JENSEN THE STOCKMEN'S MARKET 300 to 500 HOGS SELL at 1 p.m. TUES. ALSO -DAIRY COWS -BABY CALVES -SHEEP AUG. 28th 50 light calves Market Hogs Shipped Daily YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday 1 p.nr 1000 HEAD 1000 INCLUDING 120 YEARLING STEERS FROM ONE OWNER 100 SPRING CALVES CONSIGN GIGANTIC EQUIPMENT AUCTION August 22nd at 10 a.m. For further Information contact TONY VIRGINILLO 345-4291 or the AUCTION MARKET PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southern Alborta't llveitotk htduttry i miles east of Lethbridge on Highway 3 and Vt mile OMitfc BOX LETHBRIDGE PHONE DAY OR NIGHT 328-3951 Weekly livestock report OTTAWA Wholesale still remained due to the i bologna bulls 44 to with an j prices for top grade A-l steer livestock embargo levied outside top of medium bol- carcasses last week generally were the agriculture de- partment reported Friday. Western prices were 41 the federal government week. S1.75 lower at 95.30 to 96.67 a hundredweight. In the east prices were steady to low- er at 985.35 to 99.63. Exceptions were British where prices edged higher to a hundredweight and the Maritimes where the price jumped to A-l heifer carcass prices were uneven across the coun- varying from lower to higher at a low of in the west and a high of a hundredweight in the east. Lamb prices were uneven with western prices lower to higher at to In the east prices were to higher at to Trading in pork bellies was steady to stronger with west- ern prices steady to high- er at to and east- ern prices to higher at to PRICES FALL In spite of a drop in the num- ber of slaughter cattle offered this week at the six national livestock markets prices fell from to a hundredweight for top-grade A-l and A-2 steers and to for A-2 heifers. Uncertain market conditions and disruptions in rail service were responsible for the lower number of animals on decrease of head over the previous the de- partment said. Lower grade D-l and D-2 cow prices also declined at all markets with prices to lower. Vealer prices also dropped with Toronto reporting prices lower and Winnipeg prices down to More than sheep went to market this week with prices steady to lower. Index 100 hog prices de- clined in all centres with prices as much as lower in the west and lower in the east. Slaughter steers A-l and Calgary 49.50 to Edmonton 49 to Saskatoon 49.50 to Winnipeg 50 to Toronto 54 to Montreal 48 to 52. A-l and Cal- gary 49 to Edmonton 48 to Saskatoon 47.25 to Winnipeg Toronto 52 to Montreal 48 to 49. D-l D-2 Calgary Edmonton 33.50 to Saska- toon 34 to Winnipeg 35.50 to Toronto 38 to 40. Slaughter good and choice Edmonton 55 to Winnipeg 55 to Toronto 50 to Montreal 67 to 77. Feeder steers over 750 Calgary 49 to Ed- monton 48 to Saskatoon 47 to Winnipeg 52 to To- ronto 50 to 58. Feedsr steer calves 401 to 575 Calgary 55 to Ed- monton 56 to Saskatoon 54 to Winnipeg 58 to To- ronto 58 to 63. Good Calgary 34 to Edmonton 33 to Sas- katoon Winnipeg 33 to Toronto 43 to Mon- treal 43.60 to 45. Index 100 hogs Cal- gary 63.50 to Edmonton 64.80 to Saskatoon 64.75 to Winnipeg 64.70 to Toronto 68.25 to Mon- treal 61. Moclftod Livestock PORT MACLEOD On offer by Fort Macleod Auction Market this week were head of cattle and calves. Although the market was steady to stronger this a Light receipts of fat steers and heifers went back to feed- er orders cows fairly bologna bulls a little stronger. Good cows 37.50 to me- last ogna bulls 39.50 to 43.50. Insufficient receipts of good short keep fat steers to quote an accurate market. .Good green steers to 700 58.50 to lighter weights to 550 dium cows 34.25 to can-i steer calves 68. ners and cutters 29 to good Court rejects bid to lift B.C. boycott VANCOUVER The British Columbia Court of Ap- peal declined to give guidance yesterday on the thorny ques- tion of who. if should institute contempt proceedings concerning defiance of its own order directing the B.C. Feder- ation of Labor to lift a boycott against Shoppers Drug Mart outlets in the province. The court dismissed an appli- cation from Cunningham Drugs asking for directions on who should start contempt pro- ceedings against the federation and its Ray because of a federa- tion bulletin of Aug. 14 which said it would continue its boy- cott against Shoppers thus defying an injunction granted by the court of appeal Aug. 7 ordering an end to the boycott. The federation boycott was called to support a strike by Local 1518 of the Retail Clerks which is seeking a first collective agreement with Shop- pers stores. There are 69 Shoppers outlets in operated by Cunning- hams and individual pharma- cists under a franchise agree- ment with Koffler Stores Toronto. Beef Futures WINNIPEG Live beef Mures dose Friday. Sep Nov Jan Mar 51.90N. Thursday's Two con- tracts. Heavy feeder heifers to 750 47 to good green heifers to 750 50 to light heif- er calves up to poorer qual- ity cull cow-calf pairs up to Hi-Way 52 field service choice steers 50.SO to me- dium steers 50.20 to Hoi- steins 47. Choice heifers 49.50 to good cows 41.25 to me- dium cows 38 to 41. Perlich Auction There were hsad of live- stock sold this week at Perlich Bros. Auction Market Ltd. Re- ceipts included 900 cattle and 664 hogs. All classes of slaugh- ter cattle met resistance at lower prices. Feeder cattle trade was active on all good quality feeders. Piyami Ranch- es sold 77 Hereford steers at 512 Ibs. for 66 cents. SLAUGHTER CATTLE Al and A2 steers 49.00 to Al and A2 heifers 47.00 to Dl and D2 cows 34.00 to D4 cows 27.00 to shelly cows to bologna bulls 42.00 to butcher bulls 47.00 to 48.90. REPLACEMENT CATTLE Steer 250 to 400 70.00 to feeder un- der 800 Ibs.. 57.00 to over 800 50.00 to Holstein and shortkeep steers 47.00 to heifer 250 to 400 65.00 to feeder heif- ers 48.00 to feeder cows 33.00 to plain quality stock cows and heifers 300.00 to cow-calf pairs with late calves 485.00. HOGS AND DAIRY CATTLE Market dressed 64.05 to good weaners 20.00 to light weaners 14.25 to under 100 25.00 to over 100 45.00 to bred sows and gilts 125.00 to baby calves 97.00 to 125.00. HAT LIVESTOCK AUCTION CO. LTD. LOCATED ON HIGHWAY NO. 3 PHONE 527-2148 or 527-2814 MEDICINE HAT ALBERTA 1973 FALL SALES CALENDAR AUGUST 28th 250 head one owner dispersal Consisting of 45 head of well good quality hereferd cows with calves at foot 35 selected bred Hereford yearling heifers 100 head of light open Hereford yearling heifers 25 head of light Hereford steers Herd lirei will be shown on August 1973 along with rtg. run of cattle Annual Craw and Feeder Yearling SEPT. T8th of 11 a.m. Free coffee and donutt Fall Hone SATURDAY. SEPT. 22nd at 12 Neon Regular Weokly Sales Host and Dairy Cattle p.m. Mixed Cattle 11 a.m. Auctioneer JIM SCHLENKER Res. Phone SPECIAL THURSDAY CALF SALE DATES TO REMEMBER October 25 November 29 December 20 SPECIAL STOCK COW AND BRED HEIFER SALE DATES TO REMEMBER OCTOBER 23rd November 20 December 18 along wX tho regular run of mixed cattle Cattle will be received the day before the or until 10 a.m. the day of the sale Advance are appreciated and you of better buyer representation Now Feeding and Watering for long Haul Cattle SCHLENKER AUCTION SERVICE Box Hot Phono 327.2114 527-2148 Conducting all kinds of auction anywhere Book early for complete and personalized auction Auctioneer JIM SCHLENKER Phone 527-7376 Alta. and Sask- bonded PLEASE CLIP AND Horsemeol sales on increase Fourteen-year-old Dome- nic D'Elia displays a horse- meat steak in horsemeaf butcher shop in Italian sec- tion of Toronto. His father Frank owner of the shop- attributes recent rise in 'business sales directly to the high cost of beef. Life ban proposed SASKATOON responsible for a traffic death through their own carelessness should lose the right to drive any vehicle on any public road for a special legislative committee was told here. The life long suspension would be subject to a review after 10 years where alcohol or drugs were involved and five years in other the pro- posal said. It was pr-jsented by Keith Beckett of a CNR employee whose 17-year- old daughter was killed in a traffic accident last spring. Mr. Beckett told he special committee on highway traffic safety that society has not really faced the issue of t h e needless human slaughter on the highways. Gold futures WINNIPEG Gold fu- U.S. Winnipeg Commodity Exchange close Friday. Oct 73 Jan Apr 74 Jly 74 Oct 74 115.50B. Thursday's 54 con- tracts. U.S. top world wheat supplier By DAVID MUTCH Christian Science Monitor 111. Behind the sudden jump in the price of U.S. wheat is a dramatic shift in the world In a matter of the U.S. has become virtually only major supplier of wheat on the international scene. Although estimates of a rec- ord American crop now have been grain stocks are also lower in all other large producing countries and worldwide demand for a better diet continues unabatad. Buying heavily in the U.S. market in the past weaks have and Formosa. Poland reportedly has bids out. USDA figures show grain export com- mitments for this year's crops in wheat and corn already ap- proach all of last year's. FREE ENTERPRISE The U.S. based largely on free enterprise prin- remains largely open to all who have the cash to and countries are doing just that. The outcome for the U.S. is that wheat prices the dol- lar the price of bread and serious talk on wheat export controls heightens. Other countries have already begun slapping on defensive export controls for wheat. The European Economic Commu- nity banned exports of both hard and soft wheat recently. rice exports had been banned. On Aug. 3 tradi- tionally an banned wheat exports with the an- nouncement of a 25 per cent shortfall in its coming Janu- ary crop. This puts this South Ameri- can country into buying in the U.S. market to make up the perhaps as much as tons of wheat for the year. a traditional exporter of has limited its exports and this will affect the U.S. market. In the face of these develop- on Aug. 9 the U.S. De- partment of Agriculture lower- ed its estimation of this year's grain production and said this will continue pressure on food prices. Before grain exports can be a shortage must be certified by the Secretary of Agriculture. The department is in the process of analyzing the latest crop estimates with the possibility of imposing export controls. In June the U.S. forced can- cellation of a number of soy- bean contracts when it banned export of the bean. Many traders caught by surprise- had to shift to lower yield con- tracts. Some grain traders say this move helped trigger more recent actions by other intent on conserving their do- mestic supplies of grain. In years past other nations that export grain have had the abundance of t h e U.S. market to fall back on. Conrad crop forecast- er and grain calls the present market be- cause of the potential for se- vere defensive moves in world trade. He says cancellation of the soybean contracts contri- buted to this. There is a chance Australia will have grain to export after the harvest of the Southern Hemisphere wheat in January. But as of now it isn't especially since last year wag A poor year. Both Australia and i Canada have wheat boards that can quietly hold gram off the market or mark it up espe- cially high. SURPLUS COMMITTED While Canada will be ship- ping its surpluses are largely and rail strikes are causing trouble. I Canada must complete ship- ments before winter closes its ports. The consid- ers the effect of this new popu- larity for American wheat. The effects Wheat prices on the three main U.S. markets and Kansas City set records 10 days in a row. In all three markets the daily limits which prices are allowed to rise have been raised to allow for trading in the booming market. Gold prices have slipped in the last three days and the dollar suddenly is stronger be- cause of American grain yield. World grain prices in effect are set in the U.S. which are watched by all of the world's grain traders. With wheat well over a bushel and pressure on fu- ture millers and bakers are pushing up prices. Bread already has jumped from 1 to 4 cents a loaf in many areas of the U.S. Millers had not antici- pated such great pressure to export wheat major cause of inflating U.S. prices. The Nixon administration is considering setting export limitations on U.S. al- though this would be a reversal of official policy. A basic goal of the adminis- tration has been to unleash completely the U.S. food pro- duction potential to increase the export market and thereby help the U.S. balance of pay- ments and bolster the dollar. Hog prices EDMONTON Closing prices Friday provided by the Alberta Hog Producers Market- ing average Thursday 63.56. Red 65.02 average Thursday 64.38. average Thursday 64.55. average Thursday 64.56. average Thursday 63.50. Fort No sales av- erage Thursday 65.45. Total hogs sold average 64.67. Sows sold average 50.75. PICTURE BUTTE AUCTION MARKET Ideally located in the centre of a large cattle Feeding Services Available FEEDER CALF AND FAT CATTLE AUG. 29 500 HEAD 500 Highlighted by 70 HOLSTEIN STEERS 700 to 8OO Ibs. from B. G. Nolan and Sons if Trucking if Branding if Vaccinating Order Buying if Government Veterinary if Feeding Pens and Hog Raising Country HOG and DAIRY CATTLE SALE every Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY For information and Of JOE JURIS contact picfuw Auetion _ Auction market located 16 miles north of Lethbridge Highway 25 Phon' 732-4400 Picturo ftutto MACLEAN LIVESTOCK LTD. PROVIDES YOU WITH LARGE WEEKLY SHIPMENTS OF FEEDER CATTLE FROM THESE AREAS IN WESTERN CANADA IF YOU CAN USE HEALTHY HIGH GAINING CATTLE EMPLOY US TO BEEF UP YOUR PROFITS PHONE MAC MACLEAN 732.4211 BOX 419 PICTURE BUTTE ;