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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 8, 1973, Lethbridge, Alberta Chicago markets pi ices rose tlus week on the Uujid uf Trade on linked with export demand and concern iiliout some shortages next year Live cattle and hog pork and shell eggs on the mercan- tile exchange all closed the week on incgular tones Winnipeg grain WINNIPEG Prices of rapeseed and rye were higher follow- ing a flurry of activity at the close of a lacklustre session Friday on the Win- nipeg Commodity Exchange. Rapeseed was about five cents higher throughout most of the but moved higher near the Close in most months Flax was 18 cents lower in the December but near Thur- sday's close in other futures. Oats and bar'ey were virtually un- changed in featureless and rye closed eight cents or more higher. Thursday's volume of trade includ- ed 30.000 bushels of of of of flax and of rapeseed. Grain quotes Friday High Low CloM Flai Dec 10.37 997 1009 Way......969 950 955 Jly.......- 937 3ct 837 RapeiOTd Vancouver Jan .628 624 V4 War 626 623 V4 Jun 617 599 614 3ep 606 RapetMd Thunder Bay 568 592 Vi Jly..... 569 Del 557 Dec 161 Vi May 156 Barley 3ec Hay 245V4 230 Rye Dec 301 Vi day 303 310V4 lly 300 297 300 In Now small advances weie shown bv coffee and woild sugar lututes Soybean meal was to a ton Dec 19000. and soybvean oil to 490 points higher. Dec 27 00 Selling was largely prolil-laking. but thcic appeared to be a generally bullish tone to the market at week's end Wheat futures hit contract highs and several pits posted limit advances and declines on different days Commodities generally reflected moves in grains on limit but there weie some independent pi ice moves influenced In the cash demand lor red meat as well as the weather Grain quotations Wheat- Dec 555 Mar 528. May Jul 43B. Sept 434 Corn Dec 262. Mar 2G8'i May 2 72. Jul 2 Sept 2 Dec 2 50. Mar 252. Oats. Dec. 1 26. Mar 1 Jl'i. May 1 34. Jul I3l'i. Sep 1 28 Herald- Business Metals LONDON Closing metals bid-ask in pounds sterling ametric silver in pence a troy ounce- Copper spot futures 872-873 Tin spot futures Lead spot futures 260- 261. Zinc spot futures 663- 664. Silver spot 131 5-131.7- 3 months 135.4-135 5 Gold futures WINNIPEG Gold U.S. Winnipeg commodity Ex- change close Friday. Jan 74 Apr 74 Jly 74 Oct 74 Jan 75 120.00A Thursday's volume- 143 contracts Gold prices LONDON Closing gold prices in u S dollar an ounce London 107.75. Paris 106.76. Frankfurt 107.62. Zurich 107.50. Hong Kong 107.00. Beirut a kilo. WANTED SCRAP IRON Now Paying More For All Types Of Scrap Metal Farm Industrial Anything Made of COPPER BRASS RADIATORS BATTERIES CAST IRON Truck Magnet Crane Service National Salvage Company LIMITED NEW LOCATION 206 33rd Street North Phone 328-1721 is Our Million Bushels Wheat THE STOCKMEN'S MARKET Charolais Opportunity Sale Mon.. Dec. 10th 1p.m. 96 CHAROLAIS INCLUDING 71 Bred Charolais Heifers by Baccarat 62555 and all Bred to Bingo FMC. 52 head consigned by Big Sky Land and Cattle Co. plus 25 head of purebred and percentage Charolais from Ray Jorgenson 300 to 500 HOGS SELL at 1 p.m. ALSO COWS CALVES Market Hogs Shipped Daily I Live Weight and Oreaaed Baala_______________I Special Rancher Caii Sale Dec. 12-1 p.m. 700 HEAD YEARLING FEEDER AND FAT CATTLE and CALVES Thursday -1 800 800 CHIEF VIEW FARMS COMPLETE DAIRY DISPERSION Dec. 17th-11 a.m. 115 DAIRY CATTLE Including IS Regiatered Brown Swlaa with 72 Holatelna 2i Ayrahlre Quernaey Jertey Owners K J Folsom Hlllsprlng Phone 626-3368 PERLICH BROS. AUCTION MARKET LTD. Located In the Hub of Southern LIvMtock IndMtry 3 mlto uat ol en Highway 3 and aouth BOX LETHBRIDQE Day or Night 32t-3101 PLEASE NOTE NEW PHONE NUMBER 329-3101 Company LICWM No. 071405 JOE PERLICH BOB BALOO TONV LIC. Lie. M7484_____________ tic. aToMi Wheat export grows Wheat exports continued to grow in up to 575 million bushels in the fiscal year ending July 31. Production last year was 533 million bushels with the 1973-74 crop virtually production will be even higher this year up to 628.7 million bushels. the amount of wheat on hand at the end of the fiscal was down to 366 million bushels at July 1973. Bonds CANADA 8 00 3 PROV AND PROVINCIAL GUARANTEED BONDS. Alta '90 102.00 Ont '88 89.00 Ont H '94 104.00 NB '90 104.00 Nfld 74 91.00 106.00 106.00 Mass Noranda Intl Nick N C Steel Cda '90 '91 102.00 102.00 10200 103.00 104.00 104.00 104.00 105.00 104.00 NS 101 Alta Man H 9400 9600 West Tr 9600 Nfld ACT 74 9900 101 00 101 Gas Con Gas Dynasty '89 82.00 8400 113.00 Alta Gas Tr C BC REGULAR CATTLE SALE EVERY MONDAY IH.M. REMEMBER... HOG SALES every WEDNESDAY We wih be assembling Market Hogs for the Marketing Board and sell Weaner and Feeder Hogs at NO HOGS WILL MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Dua to Ida raaponM to our Special Salaa through tha heavy tall In Pralrla Live- Ltd. hava Ml trw following to help our decide on which day they would ehooaa to Mil their llvettoek. LARRY OSEEN PRODUCTION SALE DEC. p.m. BROWN SWISS-HEREFORD CROSS HEIFERS Including 30 Bred to Registered Brown Swlu Bull to 50 Heller Calvm-SOO to S50 Ibt. DEC. 20th-111.m. STOCK COW AND BRED HEIFER SALE EXPECTING 500 HEAD I ALL SPICIAL SALM WILL COMMINCI AT A.M.MQULAH SALM IVIRY MONDAY AT 11100A.M. I Don't he content lo accept one offer at consign your live-1 I stock to us. where you are guaranteed to have the Auction Ring lull ol Buyers lo bid'on your product PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIQHT JOHNNY CH ARLTON MMtagtr UC.2M GARY JENSEN Investors heave sigh of relief By SANRA INGALSBE Canadian Press Staff Writer Investors brealcd a little easiei at the end of this week after stock markets rose during the last two days as dramaticallvas they fell during the first three. The Toronto industrial index had its drop on record Monday and its mciease Friday Ottawa OTTAWA The number of slaughter cattle and calves offered at the 10 public stockyards dropped for the second consecutive week. About were offered fewer than last week. Toronto reported mid-week gains under strong demand with A-1 and A-2 heifers selling at 50 cents higher and D-1 and 0-2 cows going for more. Demand in western centres generally was steady. Steer prices held steady while heifer prices were uneven. 0-1 and 0-2 cow prices also were uneven with Winnipeg and Saskatoon reporting mid-week losses of to while Edmonton reported gains under active trading In vealer calf prices gam- ed in mid-week trading. Prices In other centres held steady. Receipts of feeder cattle and calves declined this week. About were offered. In Western centres steers of more than 750 pounds were steady except In Edmonton where losses of were reported. Heifers of than 550 pounds lost early in the week at all centres. Prices for all other classes were steady all week. Prices for steer calves 401 to 575 pounds and heifer calves 401 to 550 pounds were higher in Winnipeg. of sheep and lamb in- creased about head over last week to Lamb prices generally were good Index 100 hogs sold at lower prices They were lower in Toronto and 40 to 95 cents lower in western centres. STOCKYARD PRICES Slaughter steers A-1 and A- Calgary Edmonton 42- Saskatoon Winnipeg Toronto Montreal 45-46.50. A-1 and A-2- Calgary Saskatoon Win- nipeg Toronto 43-45 D-1 and D-2 cows' Calgary Edmonton Saskatoon 30- Winnipeg Toronto 34.50-35.50. Slaughter good and choice Saskatoon 51. Toronto Montreal 65-74. Feeder steers over 750 Calgary Edmonton Saskatoon Winnipeg Toronto 46-51. Feeder steers over 750 Calgary Edmonton Saskatoon Winnipeg Toronto 46-51. Feeder steer calves 401-575 Calgary Edmonton Saskatoon Winnipeg Toronto 58-67. Good Calgary Ed- monton Saskatoon Toronto Montreal 42-45 Index 100 hogs dressed. Calgary Edmonton Saskatoon 54.45-55 Winnipeg Toronto 57-58 75 Lethbrldge Sales Monday to Friday 156 561 lambs SUMMARY Butcher cattle prices unevenly or more lower Replacement cattle and stock calves higher Trade active. There were insufficient siaughter steers on offer to establish quo- tations Slaughter heifers about steady All classes of cows or more lower. Bulls generally steady Medium and good stocker and feeder steers meeting very good prices S1-S2 higher. Stock steer and heifer calves with steer calves weighing over Ibs showing most of the gain. Bull calves are being discounted S5-S8 per cwt Egg prices EDMONTON WeeKly egg and poultry report Issued Friday by the federal agriculture department. Eggs. To A large A medium A small B C cracks 28. To A large A medium A small cents extra In To consumers A large A medium A small 75. To live No. 1 chicken 6 and 5 and. under fowl under under 12 to over 45.. Live No. 2 chicken 6 and and under turkey un- der 12 to 18. over 43. Hog prices EDMONTON Closing average prices provided by the Alberta Hog Producers Marketing Board Friday with Thursday's average In 53.23 Red Deer 53.84 Calgary 53.35 Nil Nil Fort Nil Total hog sales average 53.53. No sows sold. Dividends By THE CANADIAN PRESS BP Canada five per cent A both payable Jan. record Dec. 13. Canadian Induatrlea Jan. record Dec. 22Vz plus an extra ol 10 Jan. record Dec. 31. Contoildated-Balhurat 37 38 both payable Dec. record Dec. pfd.. 38 Feb. record Jan. 4. Dollar value MONTREAL U.S. dollar In terms of Canadian 'unds at p m. close Friday was up 1-25 at 2- 25 Pound sterling was down 3-5 at 1-25. In New the Canadian dollar was down 1-25 at 23-25. Pound sterling was down 59-100 at 17- 20. Beef futures WINNIPEG Live beef futures close Friday. Jan Mar May Jly 49.008. Thursday's Six contracts. That considered the besl gauge ol market fell 6 59 points Monday The composite index of the Montreal and Canadian exchanges fell ii.53 the largest decline m nine years The New York market also had a sleep reflecting how badly investor confidence has heen shaken by energy shortage and fears of a Livestock SLAUGHTER CATTLE Heifers A1 and 2 39.50-40.50. Cows 01 and 2 31 03 04 22.00-28.50. Bulls good 37.00-38.00. REPLACEMENT CATTLE Good heavy feeder steers over 750 Ibs. 44-47. Good feeder steers under 750 Ibs. 50-56. Good feeder heifers 42-44.50. Good stock steer calves all weights 54-62. Good stock heifer calves all weights 45-51.75 with sales to 55.50 HOGS AND LAMBS Butcher hogs sold this week at the Lethbndge Yards 54.45-55.85 base price. Weaner and feeder hogs sold steady to higher. Weaners 15-23. Light feeders under 100 Ibs. 26.25- 39 50 Heavy feeders over 100 Ibs. 40 75-57 50 all prices per head. Light feeders under 100 Ibs sold from 35- 51.85 per cwt. Heavy feeders over 100 Ibs. 32.40-44.60 per cwt. Bred sows and gilts S105-S132.50 per head. Boars per head. Good lambs S2-S3 lower at 30-35. Perlich depression Analysts had said the 800 level of New York s Dow Jones average of 30 industrials would be a significant psy- chological point and that any drop below that could touch off another sell- ing wave. BOUNCES BACK The indicator did fall below 800 the first time in two SLAUGHTER CATTLE A1 and A2 steers 40.75 to 42. A1 and A2 heifers 39.30 to 39.90. D1 and 02 cows 30 to 32.60. 04 cows 25 to 29. Bologna bulls 32 to 39. REPLACEMENT CATTLE Steer calves 57 to 61.50. Steer calves 56 to 61.75. Plain quality steer calves all weights 50 to 57. Holsteln steer calves 44. Feeder steers 800 48 to 54.75. Feeder steers BOO Ibs. 42 to 48. Holsteln and shortkeep steers 40.75 to 44.50. Heifer calves 45 to S5.75 Heifer calves 46 to 55. sales to 56. Plain quality heller calves 39 to 45. Feeder heifers 38 to 44.25. Feeder cows 27 to 34. Plain quality stock cows and heifers 300 to 375. DAIRY CATTLE Market hogs dressed weight to 5505. Good weaners 17 to 25.50. Light weaners 13 to 16. Feeders 100 30 to 44.75 Feeders 100 51 to 62. Bred sows and gilts 77 to 138. Baby calves 70 to 77.50. There were 1.819 head of livestock sold this week at Perlich Bros. Auc- tion Market Ltd Receipts included 338 cattle and 481 hogs. Cattle market was active on all classes of good quality cattle. Butcher cattle and plainer quality feeder cattle con- tinue to meet buyer resistance. Price quotations as Calgary CALGARY Fiday's sales336i cattle 537 calves 69 hogs Stock steer all 50-62 25 Good stock heifer all 40- 51 75 The rest of the cattle report was unchanged Hogs base price Calgary vardE 52.25 but came back sharply the next two prompted in part by hopes that an early peace settlement in the Middle East would end the Arab oil embargo. The average closed the week at 838.04. up 15.80. following a SO-pomt gain in the last two sessions. Toronto's industrial index rose 5.82 points Friday but failed to erase all the earlier losses. It ended at 210 63. down 73. for the week. The composite index at Montreal loll 1 34 to 220 68. Despite the impressive recovery and the array of bargain priced analysts are wary about predicting market action over the next few weeks. WITHOUT PRECEDENT Moss. Lawson and Co. Ltd. says a major problem in trying to project trends is that the circumstances sur- rounding the recent slide the shattered administration of Richard Nixon and the energy without precedent and some traditional technical indicators are of little help. encouraging factor that may be considered at this time is the usual over-reaction that occurs in New York during times of uncertainty. The worst is always then in time never materializes Toronto's gold index continued at record levels as the price of bullion rose. The index closed at up 16.89. Base metals improved sharply dur- ing Friday's session following the lifting of price controls of non-ferrous metals in the U.S the index was off 68 to 93 II on the week Western oils had the largest weekly off 9 95 to 257 92 Trading was active at Toronto with 16 45 million shares changing hands for a value of 17 million compared with 14.59 million and 69 million last week. On the Montreal and Canadian ex- combined volume was 5.94 million compared with last week's 5 09 million Value of shares was 52 56 million against 92 million PICTURE BUTTE AUCTION MARKET Ideally located In centra ol a large cattle feeding and hog railing country RANCH CALVES Feeder and Fat Cattle Dec. 12th 500 HEAD MIXED CATTLE Trucking Branding Vaccinating Order Buying Government Veterinary Feeding Pens HOG AND DAIRY CATTLE SALE every Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY STOCK COW AND BRED HEIFER SALE DEC. 18th 1 P.M. EXPECTING 400 HEAD I For Information and IftC IIIDIQ Phone 732-4400 Contact Picture Butte Picture Butte Auction Market Picture Alberta Auction market located 16 mllea north of on Highway 25 These Securities are Offered by Prospectus Only in the Provinces of Alberta. B.C.. Sask.. Manitoba and Ontario LAKESIDE CATTLE PARTNERSHIP NO. 3 LIMITED PARTNERSHIP UNDER THE LAWS OF THE PROVINCE OF Subscriptions in Limited Partnership Units at each The Units Offered are Speculative Securities FOR MORE INFORMATION CONTACT YOUR BROKER OR LAKESIDE CATTLE CO. LTD. Box Alberta Phone 362-3326 EXOTIC BREED COW SALE Sat. Dec. 15 at a.m at Montana Livestock Auction 5OO Head of Guaranteed Top Quality Cows The majority 1 to 6 of Selling will be Cows bred PINZGAUR GELBIEH CHIANINA LIMOUSIN BLONDE AQUITAINE SIMMENTAL MAIN ANJOU and TARENTAISE Sale Starts at a.m. Call SPIKE DOAN 406-937-2939 ;