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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 29, 1970, Lethbridge, Alberta Saturday, August 29, 1970 THE LCTHBRIDGt, HERALD 21 Ottawa Weekly Livestock Report OTTAWA (CP) Cattle de- liveries at the 10 public sotck- yeards from Monday to Thurs- day this week totalled head, about over last week and slightly above the corresponding week a year ago, the Agriculture Deaprt- ment said Friday. Exports of beef cattle to the United States last week moved down to 226 head and were all slaughter cattle over 700 pounds. .Deliveries at public markets ware moderate, and demand continued good on better qual- ity slaughter cattle. Prices on choice and good steers were mainly steady to 50 cents high- er. Heifers were generally steady to 50 cents lower. Good cows were steady to 25 cents higher, and bulls steady to lower. Feeder cattle prices varied from slightly higher to sharply lower, and calves were gen- erally fully steady. The nog market was steady to higher for the week and lambs varied from higher to as much as to lower. Choice steers: Montreal 31.10 to 32; Toronto 31 to 32; Winni- peg 29.50 to 30.50; Saskatoon 28.40 to 29.60; Edmonton 27.50 to 28.25; Calgary 27.50 to 29. Good heifers: Montreal 26 to 26.50-' Trotonto 27 to 28; Winni- peg 25.50 to 26.50; Saskatoon 24.50 to 26; Edmonton 25 to 25.50; Calgary 24.25 to 25.50. Good cows: Montreal 22 to 23.50; Toronto 22 to 23; Winni- peg 21.50 to 23' Saskatoon 21 to 22; Edmonton 18.50 to 19.50; Calgary 20 to 21.25- Good feeder steers: Toronto 31 to 34; Winnipeg 28 to 33.50; Saskatoon 28.25 to 33.50; Ed- monton 27.50 to 36' Calgary 27 to 32. Good and choice veal calves: Montreal 38.50 to 42.50; Toron- to 32 to 42; Winnipeg 43 ot 50; Saskatoon 34; Edmonton 40 to 45; Calgary 36.50 to 42.50. Good lambs: Montreal 27.50 to 32i Toronto 27 to 30; Calgary 22.50 U> 23.50. Basic hogs: Toronto 29.05 to 30.85; Winnipeg 26.50 to 28.10; Saskatoon 25.80 to 28.65; Ed- monton 2650 to 26.65; Calgary 26.45 to 27.05. Perlich Livestock There were 510 head of live- stock sold this week at Per- lich Bors. Auction Market Ltd. Receipts included 15 cattle and 315 hogs. The cattle mar- ket showed improved demand on all classes. Light and heavy feeder cattle met a strong de- mand from local feeders and order buyers; Price quotations were as SLAUGHTER CATTLE: Choice steers 28 to 28.50, odd sales higher; good steers 27 to 28. Good to choice hei- fers 25 to 25.60; medium to good 24.25 to 25. Good cows 21 to 21.0; me- dium 1 to 20.50; canners and cutters 16 to 18.50. There were no bologna bulls on offer. REPLACEMENT CATTLE Yearling grass steers 600 to 700 Ibs. 33 to 36; heavier grass cattle 30 to 30.50; short keep grain fed feeder steers over 800 Ibs. mostly 28.50 to 29.60. A few feeder heifers of medium quality 26 to 27.35. There were no feeder or stock cows on offer. HOGS AND DAIRY CATTLE: Light weaner hogs met an in- different demand with prices lower again this week. A good demand exists for all classes of feeder hogs and brood sows. Price quotations as follows: Weaners 11 to 14.75; light weaners 8 to 10.50; light feeders under 100 Ibs. 15 to 2; heavy feeders 27 to 35. Baby calves 53 to 89, de- pending on breed and size. PRACTICAL SCHOOLS Schools in Greenland teach courses like kayak handling and sewing furs. BATA SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe (tore or ladlet wear store APPLYi Stan's Men's Wear 321 5th St. i. ADVERTISING Imprinted items and novelties for use by business establish- ments as advertisinfl S'f" t CALENDARS MAGNETIC SIGNS IMPRINTED PENS BOOK MATCHES LEATHERS and VINYLS KEY CASES BILLFOLDS, ETC. CUSTOM DECALS Order Now For Christmas Delivery Your Complete "SPECIALTY ADVERTISING" AGENT GORDON PERRY Phone Evening! Box 295 Manager 758-3095 Alia. ANOTHER CUSTOMER CONVENIENCE AT FORT MACLEOD AUCTION MARKET LTD. REGULAR WEEKLY SALE TUESDAY, SEPTEMBER 1st FAT CATTLE SELL at a.m. STOCKER and FEEDERS SELL at p.m. ON OFFER THIS WEEK 600 HEAD 600 SPECIAL FEEDER SALE THURSDAY, SEPT. 3rd--l p.m. 500 HEAD 500 YEARLINGS AND 2-YEAR-OLDS HIOHUOHTED BY 200 2-YEAR GRASS STEERS from Gus Weasel tear, Fort Macleod, Pelaan I.D. Ranch, Fort Macleod and Bob Buries, Cawley FOR INFORMATION AND LISTINGS CONTACT: AUCTION MARKET Abitibi P Alta Gas 6te% Alum Cdn Bell Tel 8 BA Oil Cdu Brew 5 Cdn Chem 7 CPB 5 C W N G Cons Gas Domtar T Eaton 7Vz% Ac 7 Husky Oil Imp Oil IAC IAC Labatt Loblaw Mac B N C Gas 6Vt% NW Util Shell Oil Tor D B 6 Tor D B 7 Tr C P L 5.85 WC Tr A 5V2% Weston G Bond Prices Supplied by Doherty Roadhouse and McCuaig Bros. COVflNMENI OF CANADA BONDS Bid Asked 6 Apr. 1, '71 99.35 100.00 Sep. 1, '72 95.75 96.40 Oct. 1, '75 90.75 92.25 S Jly. 1, '78 101.00 102.50 fb% Sep. 1, '83 73.00 74.00 'erp. 3 Sep. 15 37.75 40.25 GOVERNMENT OF CANADA aUABANTiED BONDS Cm. Net. 4 May 15, '77 83.75 86.25 Jan. 1, '85 77.75 80.25 Ontario 7 Ont Hyd 9 New B 9 Nfld. 8 N.S. e Quebec Alberta Man Hyd 9 Sask 7' Nfld S' ACT 8 Man Tel 8 'S3 84.75 '94 103.25 '90 102.25 '74 93.75 '92 74.25 '74 93.75 '90 101.25 '90 101.25 '88 85.75 '90 99.75 '74 97.75 '74 97.75 87.25 104.75 104.75 96.25 76.75 95.25 102.75 102.75 88.25 102.25 99.25 99.25 INDUSTRIAL '87 81.75 '81 81.50 '73 88.75 '77 97.75 '77 79.75 '83 67.25 '80 84.75 '83 70.25 '83 68.75 '82 72.75 '87 75.75 '87 83.25 '86 77.00 '87 76.75 '88 83.75 '86 82.00 '84 77.25 '87 72.75 '81 74.75 '78 78.25 '88 73.75 '88 66.75 '77 79.75 '87 73.25 '87 79.75 '87 70.00 '88 63.75 '87 76.75 CONVERTIBLES Cons Gas 5Vz% '89 84.75 Dyn Ex 7 '82 84.75 Scurry R '88 87.75 Tr Cdn P 5 '83 85.75 WC Tr C 5V4% '88 76.75 84.25 83.75 91.25 99.25 70.75 87.25 72.75 71.25 75.25 78.25 85.75 79.50 79.25 86.25 76.25 80.25 69.25 75.75 82.25 72.50 66.25 79.25 87.25 90.25 92.25 88.25 80.25 Potato Futures WINNIPEG (CP) There was little activity Friday on the Maritime potato futures market with some trades, bids and offers at prices below pre- vious close levels. Open High Low Close Nov. 2.22B March 2.55A April 2.75B May 3.15 3.15 Livestock Report Lethbridge Livestock Sales Monday to Friday 270 cattle; 25 calves; hogs; no iambs. Butcher cattle prices steady !o strong. Replacement cattle strong to a shade higher. Cattle market active. Good and choice butcher steers meeting an improved de- mand, prices strong to shade ligher, grade and yield consid- ered. Medium grades 25 to 50 ligher. Good and choice butch- er heifers scarce and selling generally steady. The few cows m offer sold steady, no good tinds on offer. Bulls 50 lower. Medium and good stocker and feeder cattle and stock calves meeting very good demand at strong prices. Exports one load bulls. SLAUGHTERS Steers, choice, 28.25 to 28.50; good 27.50 to 28; medium, 26.00 to 27.50. Heifers, choice, 25 to 25.50; good, 24 to 24.75; medium, 23 to 24. Cows, medium, 2 to 20; can- ners and cutters 15.50 to 18.50. Bulls, good, to 25.40. REPLACEMENTS Good heavy feeder steers over 800 Ibs. 28.50 to 30.90; medium 26.00 to 28. Good light stock steers 550 to 650 Ibs. 32 to 35. Good feeder heifers 26 to 29. Good stock steer calves 41 to 45. Good stock heifer calves 36 to 39. HOGS, LAMBS Butcher hogs sold this week FOB Lethbridge 26.15 to 26.75 base price. There were 221 hogs sold for export, price converted to 21.2C to 21.40 liveweight. Weaner and feeder hogs barely steady. Weaners 8.50 to 15.00. Light feeders under 100 Ibs. 15.25 to 17. Heavy feeders over 100 Ibs. 24.25 to 33.25 all prices per head. Light feeders under 100 Ibs. 26 to 33 per hundredweight. Heavy feeders over 100 Ibs. 20 to 22 per hundredweight. Bred sows and gilts 42 to per bead. Taber Livestock TABER Trade was a little slower at the Prairie Livestock Ltd. sale this week with most classes being pres- sured. Good cows were down from last week. Both heavy and light feeder steers helc steady. Feeder heifers were off some, quality considered There were too few calves to establish a market. Weaner hogs gained Light feeders held steady. Good cows 21.50 to 22.70; fan- to medium 20 to 21.40. Good yearling feeder steers under 750 Ibs. 32 to 35 fair to medium 800 to Ibs., 27 to 29; fair to me dium feeder heifers over TOO Ibs. 25 to 26.60. Weaner hogs 511 to 13; ight feeder to 22; leavy feeder to 35. Portland Livestock PORTLAND, Ore. (AP) Cattle and calves 1695, compar- ed 1595 last week and a year ago. Compared close of last week argely steady on slaughter and eeder classes, except high-util-' ty and commercial cows closed veak to lower. Slaughter steers few tread high-good and choice to Ibs. 28.50 to 29.25; slaugh- ter heifers small lots high-good and choice 830 to Ibs. 27.25 to 28.80; slaughter cows com- commercial 20 to 22.25, slaugh- er bulls commercial and good 25.25 to 28.75; vealers good and choice 32 to 27.50; slaughter calves most good and choice 26 to 32. Feeder steers, choice 300 to 550 Ibs. 31 to 36; good 27.50 to 31; choice 550 to ibs. steers 25.75 to 32.50; most good 24 to 27; heifers, good and choice 300 to 500 Ibs. 25 to 31.60. Hogs 275, compared close of last week barrows and gilts 1.25 to 1.50 lower; barrows and gilts No. 1 to 2 197 to 233 Ibs. 22.00 to 22.50, sows 2.00 to 3.00 lower, most No. 2 to 3 13 to 15.25. REGISTERED PHARMACIST Twenty years experience in retail pharmacy Desires position in dispensing or retail store, or allied field. Alberta registration. AVAILABLE IMMEDIATELY Reply Box 30, Herald ATTENTION SUB TRADES BIDS REQUIRED ON MATERIAL, OR MATERIAL AND LABOR ON CONSTRUCTION OF 04 UNITS OF APARTMENTS IMMEDIATELY. ANOTHER 64 UNITS TO BE STARTED IN THE SPRING OF 1971. PLANS CAN BE PICKED UP AT SUITE Ml, EL RANCHO MOTOR HOTEL, ANYTIME MONDAY, AUGUST 31st OR TUESDAY, SETEMBER 1st, 1970. SMALL DEPOSIT REQUIRED ON PLANS. B H HOMES (EDMONTON) LTD. WE ARE READY TO EXPAND We are planning an expansion to the Professional Build- ing in downtown Lethbridge (next lo the Post The size of this addition will depend upon the demand. art new accepting applications for rtady for occupancy late in 1971. For further information contact: PAHULJE CONSTRUCTION LTD. 1611 S. Parkside Dr., Lethbridge Phone 327-6747 Weekly Papers Change Hands WINNIPEG (CP) The two weekly newspapers in suburban St. James Assiniboia, T h Chronicle and The News, have been sold and will be replaced by a third publication. Announcement of the sale of the papers to George Derksen, president of Cambridge Pub- lishers (Canada) Ltd., was made in The News. The two papers, the largest suburban weeklies on the Prai- ries with combined circulation of more than will be re- placed by The Times, to be published next week. Cambridge also publishes the Klanitoba Business Journal and business publications in Sas- katchewan, Alberta and British Columbia. IN EDMONTON Stay At The RIVIERA THE HOTEL WITH MORE TO OFFER Fully Air Conditioned. Complete Room Services. Large quiet rooms and suites. Family Plan. Superb Dining and Entertainment. vention and Meeting Facilities. Sauna Bath. Heated Pool. Free Parking. TV. Coffee Shop. Min- utes from Downtown. FOR MORE INFORMATION WRITE OR PHONE IVIERA MOTOK HOTEL 5359 Colgary Tfeil Edmonton, Alberta Phone: (403) 434-3431 Telex: 037-2610 Index Touches 160 By ART JOHNSON Canadian Press Staff Writer Canadian stock markets made 'urther advances this week, vitli industrial issues nudging evels which had not teen reached in more than three months. The Toronto Stock Exchange's ndustrial index, a broad indica- or of stock movements, adv- anced 3.56 points to 160.23. It vas the first time since mid- May that the index had touched .60. The index is still far from the rear's high of 185 to which it climbed in January. Observers believe the recov- ery trend has been helped along recently by indications of a reer flow of money. It was the second consecutive weekly advance. The Toronto Exchange's in- dustrial index dropped below 150 during the sharp bear trend during the spring months. Oil issues fell back during the week. The Toronto exchange's western oil index was down 2.85 points to 169.50 on the five ses- ions. Analyst said there was some profit-taking in oil stocks that lad made spectacular advances last week. ISSUES LOSE Oil issues showed losses for the first three days of the week tat began moving upward on Thursday. Base metals were sparked up- ward, says observers, by an an- nouncement Thursday by Fi- nance Minister Edgar Benson of changes in proposed revisions of the Income Tax Act that would affect mining companies. The changes would give min- ing companies greater depletion allowance advantages than orig- inally set out in the federal gov- ernment's white paper on taxa- tion. Initial reaction to the an- nouncement was a sharp rally in base metal stocks, but the advances had levelled off by the close of trading Thursday. On index at Toronto, base metals rose 2.46 to 95.47 and golds 6.77 to 160.77 Volume was 10.91 million shares, up front S.75 million last week. DIVIDENDS By THE CANADIAN PRESS Industrial Acceptance Corp. Ltd., common ITA cents; 5% per cent pfd. 36 cents; 4% per re't pfd. all Sept. 30 record Sept. 10. Alberta Natural Gas Co. Ltd., common 2 cents, Sept. 30, rec- ord Sept. 2. Home and Pitfield Foods Ltd., common five cents, Oct. 5, rec- ord Sept. 21. Monarch Life Insurance Co.. common 10 cents, Oct. 1, recorc Sept. 16 Canadian Breweries LM. common 10 cents; pfd. series I 55 cents; pfd. series B H6Vi cents, all Oct. 1, record Sept. 4 Housing Boom Seen BANFF (CP) House build- ing and real estate saifes will recover during the next six months, delegates to the 27th annual conference of the Cana- dian Real Estate Board were old here. Maurice Lamond, vice-presi- dent and general sales man- ager of United Trust Com- pany, said the flow of mort- gage funds is likely to improve markedly, although interest rates will probably remain at prevailing levels. Mr. Lamond said a housing Mwm will emerge in mid-1972, and by 1975 real estate values could increase by 25 per cent. He said an increase in the number of marriages, a jump in the number of eligible prop- erty buyers and greater de- mand for new housing will force real estate prices up. ON THE HOVE Increased mobility among Canadians will provide an addi- tional source of business for realtors during the 1970s, he said. 'Whereas the average Cana- dian family now moves every four years, this rate will in- crease to more than 30 to 35 per cent by he said. "This represents a one-third increase in business as fam- ilies move on an average every three years." BUY RICE India has signed agreements to buy tons of rice from Thailand this year. H. H. Smith Ltd. Customs Broker INC3GATE 'NJk 32M14t coons Phone 344-3822 PRAIRIE LIVESTOCK LTD. SALE EVERY MONDAY AT 1 p m. Let Us Take the Worry Out of Your Livestock Sales our contacts with professional order buyers, plui your early consignment, means top prices far you! PRAIRIE LIVESTOCK LTD. (FORMERLY HANDLIY-JINSEN LIVESTOCK LTD.) PHONE 213-3921, TABER DAY OR NIGHT Auctioneer: JOHNNY CHARLTON Lie. 293 Sales Manager GARY JENSEN At the Montreal and Canadian exchanges, the composite index rose 3.38 to 159.14. Combined volume was 5.54 million shares, up from 4.10 mil- ion last week. Gains outnumbered losses 206 a 142 with 113 issues un- changed. THE ALBERTA GAS TRUNK LINE COMPANY LIMITED I. MERRILL RASMUSSEN The Board of Directors of Alberta Gas Trunk Line Company Limited has announced the ap- pointment of Mr. L. Merrill Ras- mussen as a Director of the Company. Mr. Rasmussen re- places Mr. D. Carlton Jones who has resigned due to the pres- sure of other business commit- ments after having served on Trunk Line's Boaid of Directors tor over 15 years. Mr. RasmiiEsen, President and Director of Pacific Petroleums Ltd., wil! represent gas producer companies on the Board. A na- tive Albertan, tie received his early education in Cardston and Calgary and is a graduate in Petroleum Engineering from the University of Oklahoma. Mr. Ras- mussen joined Gulf Oil Corpora- tion in 1949 and later British American Oil Co. following a corporate merger. He joined Paci- fic Petroleums Ltd. as Manager of Production in 1959 and later became Manager of Exploration. Jn 1964 he was appointed Vice President, Exploration and Pro- duction; in 1967 he was appointed Senior Vice President; in 1968 was; elected to the Board of fJirectors of the Company; in April 1969 was appointed Execu- tive Vice President and in July of this year was appointed Presi- dent of the Company. Mr. Rasumssen is also President and a Director of Bailey Selbum Oil Gas Ltd., Western Natural Gas, Inc. and Petroleum Trans- mission Company. He is a member of the Association of professional Engineers of Alberta, trie Cana- adian Gas Association, and is past Chairman of the Board of Governors and presently a Direct- or of the Alberta Division of Canadian Petroleum Association. Mr. Rasmussen served with tht Canadian Army for 314 years dur- ing World War II with tha rank of Lieutenant. ANOTHER HOG MARKETING SERVICE WE WIU BE ASSEMBLING FAT HOGS EFFECTIVE TUESDAY, SEPT. 1st Our modern foeililies and efficient lervlce mean mow dollar! to producer. New modern Automatic Modern loading facilitlel Prompt lerviee Prov. Lie. 213 (mured Hogs and Sows Man. thru Fri. Weaner and Feeder Hoas, Brood Sows, Boars, etc. sell every Tuesday at 1 p.m. HOG SALES TUESDAY-! :00 P.M. WEANER AND FEEDER HOOI BROOD SOWS-BOARS BABY CALVES-DAIRY COWS, ETC. SPECIAL! 10 ONE-OWNER BABY CAIVES 50 CROSSBRED EWES BIG DEMAND FOR YEARLINGS Our market is located In the hub of th. livestock feeding and processing industry. Therefore -a constant demand for feeder cattle Give us a call soon to plan the marketing your livestock. CATTLE SALES THURS.-l P.M. Stocker Feeder and fat Cattle SPECIAL! 160 YEARLING STEERS AND OPEN HEIFERS 700 to 800 Ibs. From One Owner WESTERN CANADIAN EXOTIC BREED SPECIAL SALE EXPECTING HEAD COWS AND HEIFERS A.I. Bred to SIMMENTAl LIMOUSIN MURRAY GREY BLACK WELSH MAINE ANJOU MONDAY, NOVEMBER 2nd at 1 p.m. ALSO SEVERAL CONSIGNMENTS OF HALF BLOOD SIMMENTAl and LIMOUSIN HEIFERS and BULL CALVES CONSIGNERS NOTE: Extensive promotion and advertising it planned for the sale, therefore early listing are nunnery. Perlich Bros. Auction Market Ltd. Located In the hub of Southern Alberta's livestock dustry 3 miles east of Lethbridge on Highway 3 and Ti mile south. PHONE DAY OR NIGHT 328-3951 BOX 1057, LETHBRIDGE ;