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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 12, 1970, Lethbridge, Alberta Saturday, December 12, 1970 THE IETHBRIDGE HERALD 25 Oltaiva tveekly livestock report OTTAWA (CP) Cattle of- ferings at Uie 10 public stock- yards from Monday to Thurs- day this week totalled head, down about from the previous week and fewer than in the correspond- ing week a year ago. Exports of beef cattle to the only 248 head, while of U.S. origin were slaughtered at Canadian packing plants, the department of agriculture re- ported. Reduced cattle deliveries at stockyards and a slower de- mand featured this week's market. Scattered prices de- clines were registered at sev- eral centres from mid-week to the close. Steers were steady to 50 cents lower, with heavies and over-finished kinds sharply dis- counted. Heifers, which were in limited supply, met a good de- mand at prices steady to lower. CALVES DIP CoWs followed last week's trend with most sales steady to lower. Feeder cattle were steady to lower, and stock calves from steady to as much as down. Veal and butcher calves were in short supply and prices steady to higher. Further price declines were made on hogs, and good lambs varied from about higher to as much as lower. Choice steers: Montreal 30.50 to 31.25; Toronto 30.50 to 31.50; I Winnipeg 29.50 to 30; Saskatoon 28 to 29.50; Edmonton 29.50 to SO; Calgary 29 to 31. Good heifers: Montreal 24.75 to 25.25; Toronto 28 to 29; Win- nipeg 27 to 28; Saskatoon 25.50 to 26.50; Edmonton 27 to 28; Calgary 27 to 28. Good cows: Montreal 21 to 22.75; Toronto iu 20.50; Winnipeg 20 to 21; Saskatoon 18.50 to 20; Edmonton 19 to 20; Calgary 20 to 20.75. Good feeder steers: Toronto 31 to 35; Winnipeg 29 to 34; Saskatoon 28.50 to 34; Ed- monton 30 to 36; Calgary 29 to 3P.25. Good and choice veal calves: Montreal 40 to 45. 50; Toronto 34 to 43; Winnipeg 44 to 48; Edmonton 35 to 39. Good lambs: Montreal 25.50 to 29.50; Toronto 28 to 30; Win- nipeg 22 to 23.50; Saskatoon 22.30; Edmonton 24 to 25. Basic hogs: Toronto 25.25 to 27.35; Winnipeg 21.90 to 23.95; Saskatoon 20.80 to 22.45; Ed- monton 21.80 to 23.15; Calgary 21.60 to 22.95. BOOK SELLS WELL PARIS (Reuter) Charles de Gaulle dominates the French best-selling lists with more than one million copies of his books sold since last January. The late president's Memoires of Hope- has sold copies, his pub- lishers report. DISTRICT SALES MANAGER Distributor of National Brands of Major Household Ap- pliances requires experienced District Sales Representa- tive to cover established dealer organization in South- ern Alberta and East Kootenay's Substantial draw against commission, company bene- fits. State age and experience. Company personnel know of this ad. APPLY BOX 117, THE LETHBRIDGE HERALD THE STOCKMAN'S MARKET SPECIAL NOTICE FOR CHRISTMAS SEASON SALES The regular Thursday Sales will be held on WEDNESDAY, DEC. 23rd and 30th list Your Cattle Early For These Two Special Year-End Sales BRED HEIFER AND STOCK COW SALE MON., DEC. 14-1 p.m. 800 HEAD Tup quality Rancher Cattle P.M. HOGS SHEEP DAIRY CATTLE Included in the Regular Sale are 108 HAMPSHIRE AND DUROC HOGS. m Hyqrade livestock Ltd. Consisting of bred Gilts, Breeding ors, Weaner and Feeder size hogs suitable for herd replace- Froi Boors, ments. We Are Assembling Market Hogs Monday thru Friday Calves will be sold with the regular cat- tle sales Thursday. REGULAR CATTLE SALES THURS.-l P.M. Stocker Feeder and Fat Cattle Make Plans Now For The Marketing Of Your livestock PERLICH BROS. AUCTION MARKET LTD. located in the hub of Southern Alberta's livestock Industry 3 miles oast of lelhbridge on Highway 3 and o mile south. PHONE DAY OR NIGHT 328-3951 BOX 1057, IETHBRIDGE earnings lecrease TORONTO (CP) Loblaw ompanies reports earnings ere down more than 20 per nt for the first half of the cur- nt fiscal year and the presi- ent warns shareholders that a ice war "can be very costly." George Metcalf said the cur- nt round of price cutting has id "an adverse influence on ofits." The financial report of the jmpany released Friday was r the 28-week period ended ct. 10, before the price war in uthern Ontario began. Loblaw companies had net m- ime of or 32 cents a .are, for the period, compared ith or 40 cents a hare, for the first half of the revious fiscal year. The earn- gs included profits from sale real estate of dur- g the first half of the current seal year and during e comparable period last ear. Sales for the first half totalled ,353 million this year and ,334 million last year. Livestock report Beef futures WINNIPEG (CP) Fair ac- vity developed near the close riday on the Winnipeg beef utures market with trades in .1 futures at prices three to ve points over previous dose evels. Thursday's volume of trade four contracts. Open High Low Close an 29.45 29.45 tar 29.25 29.25A lay 29.40 29.40A Potato futures WINNIPEG (CP) The Mari- ime potato futures market was nactive Friday with offers in larch and April futures at pre- rious close levels but no buyers. Thursday's trade volume was ine contracts. Open High Low Close lar 2.63A pr 2.80A ay 3.20N Lethbridge Livestock Sales Monday to Friday: 674 cattle; 363 calves; hogs and 140 lambs. Butcher cattle prices about steady to 25 cents or more low- er in spots. Replacement cattle generally steady. Trade moder- ately active. Good and choice light butch- er steers met reasonably good demand, prices 25 or more low- er. Steers over Ibs. are be- ing discounted 1.00 to 2.00 per hundredweight. Medium grades about steady. Good and choice butcher heifers meeting fair er. Medium and good cows meeting an improved demand, at steady prices, with the bulk of the cows selling as replace- ments. Bulls steady. Medium and good stacker and feeder cattle meeting good local de- mand, at steady prices. Good stock and steer calves meeting keen demand, with heifer calves 1.00 to 2.00 higher. SLAUGHTERS Steers, choice 29.25 to 29.80; good 28.25 to 29; medium 27 to 28. Heifers, choice 27.50 to 28.10; good 26.50 to 27.25; medium 24 to 26. Cows, good 19 to 20.25; med- ium 17.50 to 18.50; earners anc cutters 14 to 17.50. Bulls good 22 to 23.50. REPLACEMENTS Good heavy feeder steers 29 to 31; medium 27 to 29. Good light stock steers 55 to 650 34 to 37.25. Good feeder heifers 27 to 29 Good stock cows 18 to 21. Good stock steer calves un der 400 Ibs. 41 to 43.50. Good stock steer calves ovei 400 Ibs. 38 tt 41.50. Good stock heifer calves 34 to 38 with sales to 42.75. HOGS, LAMBS Butcher hogs sold this week FOB Lethbridge 21.25 to 21.8 base price. Weaner feeder hog about steady. Weaners 5 to 11.25 Light feeders under 100 Ibs 14.50 to 17.50. Heavy over 100 Ibs. 17.25 to 26.50 al prices per head. Light feeders sold from 20 to 24 per hundred weight. Heavy feeders over 100 15 to 20 per hundred- 'eight. Good lambs 24. Perlich Livestock There were head of live- lock sold Uiis week at'Per- ich Bros. Auction Market Ltd. Receipts included cat- le, hogs and 25 sheep. Butcher cattle were trading ower this week, feeder catlle net a good demand from lo- al feeders and order buyers. Price quotations were as fol- ows: SLAUGHTERS Steers: not enough butcher teers on offer to establish a irm quotation; heifers 28 t( 28.50; medium quality 27 to 28; good cows 19 to 20; heiferj duds to 23; bologna bulls 23 tc 25. Plain quality bulls 21 to 23 REPLACEMENTS Steers 650 to 775 Ibs., 34 to 38.25; steers 800 to 950 Ibs. 29 .0 33; holstein feeder steers 29 o 32; good feeder heifers 30 to 32; medium quality 26 to 29.50' good stock steer calves trade] 400 Ibs. 42 to 47, some sale; ligher on lightweights; steei calves 400 to 600 Ibs., 38 to 45 plainer quality steer calves 36 ti 39 depending on weight am quality. Heifer calves under 400 Ibs. 34 to 38, some sales higher heifer calves 400 to 525 Ibs. 32.50 to 36.50. Feeder cows 1 lo 22; old cows 15 to 18. HOGS Weaner hogs met an indiffer ent demand at lower prices. All classes of feeder hog met a good demand from loca and out-of-province buyers. Weaners 7 to 11; light wean ers 5 to 7; feeders under 10 Ibs., 12.50 to 19.50; heavy feed ers 20 to 23.50. Bred sows and gilts 40 to 50 Baby calves 30 to 54. Old ewes 13 to 16 dollars. PRAIRIE LIVESTOCK LTD SALE EVERY MONDAY Let Us Take the Worry Out of Your Livestock Sales our contacts with professional order buyers, plus your early consignment, means top prices for you! I CALGARY i 26M050I I 28-8141 PRAIRIE LIVESTOCK LTD. (FORMERLY HANDLEY-JENSEN LIVESTOCK LTD.) PHONE 223-3921, TABER DAY OR NIGHT COUTTS Phont 344-3822 Prices freeze started- to cool economy OSLO (Reuter) The Nor wegian government has froze the prices of all goods and serv ices at the levels prevailin Nov. 20, and announced it is ii troducing a weage-restraint bil The aim is to cool an econ omy overheated by an e: tremely tight labor market heavy private and public con sumption and consequent rap idly increasing prices. Premier Per Borten sal Tuesday a bill would be intro duced making it illegal to in crease wages outside alread agreed contracts. He said the Federation o Labor Unions has agreed to a cept a law banning non-contrai rises, provided a price freeze imposed for the whole of 1971. H. H. Smith Ltd. Customs Broker SOUTHERN ALBERTA RANCHERS STOCK COW and BRED HEIFER 800 HEAD SALE 800 HEAD Top quality Rancher Cattle all pregnancy examined. Various Breeds bred to Hereford, Angus, Charolais and limousin. Sorted into lots to suit the buyers. MONDAY, DECEMBER 14th AT P.M. Industrials buck weak trend By ART JOHNSON Canadian I'ress Slatf Writer Industrial issues edged higher n Canadian stock markets this k, but other sectors showed mall losses. The Toronto Stock Exchange s ndustrial index, a prime indica- or of market activity, was up .27 points to 173.68. The advance was pale in com- jarison to a rally of more than ive points in the previous week. At the Montreal and Canadian exchanges, the composite index vas up .63 to 170.75. Wall Street continued ot ad- with the Dow Jones av- erage of 30 key industrial issues rising 8.86 points to 825.92. Trad- ng was generally light at the New York Kock Exchange. UPTREND CONTINUES Markets have showed an up- rend for the last few weeks. The Toronto stock market ad- vanced during 13 of the last 15 sessions. Analysts say the recent strength is due to lower interest rates in Canada and the United States, hopes for better corpo- rate earnings in 1971 and the Nixon administration's determi- nation to stimulate the U.S. economy. The "Toronto stock market posted its best advance of the week on Thursday, rising more than one point. Observers said at least part of this advance was caused by optimistic pre- dictions by participants at the University of Toronto school of business outlook forum Wednes- day. Douglas D. Peters, chief econ- omist of the Toronto Dominion bank and a participant at the forum, said "1971 will show a return to a rale of real eco- nomic growth of 5 to 6 per cent At Toronto, volume was 10.49 million, down from 12.4G million last week. METALS DOWN' On index, base metals were down .82 to 89.40, golds 4.46 to 165.87 and western oils .98 to 189.20. SALE CONDUCTED AT PERLICH BROS. AUCTION MARKET LTD. 3 miles sast and Vt mile south of tethbridge on Highway 3 PHONE 328-3951 P.O. BOX 1057 IETHBRIDGE Bond prices Supplied by Donerty Roadhouse and McCualg Bros, GOVERNMENT OF CANADA BONDS GOVERNMENT OF CANADA BONDS Nat. Slwy. Bid Aik.J Bid Askec S Apr. 1, '71 99.80 Sept. 1, '72 77.75 Oct. 1, Jly. 1, '75 96.50 ,._. _, '78 104.25 Sept. 1, '83 77.75 3% Sept. 15 39.75 Oct. 1, '86 106.75 Apr. 1, '75 100.25 Jul. 1, '75 103.00 Sep. 1, '92 80.00 PROVINCIAL 100.5 79.2 98.0 105.7 79.2 43.2 107.7 101.2 104.0 81.51 Ontario 7 '88 87.75 90.2 Ont Hyd 9 '95 106.25 108.7 Alberta 8T4% '90 104.25 105.7 Man Hyd 9 '90 105.25 Sask '88 89.75 ACT 8 '74 100.75 Man Tel 8 '84 99.75 102.2 INDUSTRIAl Abitibi Abitibi Alta Gas B.C. Tel Bell Cdn 9 CP Sec 914% CPE Gulf Cdn Hud Bay 9Va% Imp Oil Int Nickel Indust Ac 9V2% Labatt 9Vt% Mas Fer Noranda 9Vi% N and C 9Va% Koynat Simpsons Sears Ac 9Vi% Traders 9V4% Tr Cdn P 10% '87 82.75 85.2 '90 101.75 104.2 '90 102.75 105.2 '90 102.25 104.7 '89 103.75 106.2 '90 99.75 102.2 '89 101.75 104.2 '89 100.75 103.2. '89 102.75 105.2 '89 101.25 103.7 '90 101.75 104.2 '92 102.25 '90 99.75 101.7 '80 98.75 101.2a '90 100.00 102.5 '91 101.75 104.2 '75 101.50 '89 100.75 103.2, '90 102.75 105.2 '90 98.75 101.2 '90 101.75 104.2 CONVERTIBIES Acklands 7te% '88 75.75 i Alta G Tr 119.75 125.2 Cons Gas '89 88.25 91.7 Dynasty 7 '87 64.75 75.2 Scur Rain 7'A% '88 89.75 95.2 Tr Cdn P 5 '89 90.75 WC Tr C 5% '88 75.75 80.2 WC Tr E 5V4% '84 77.00 Dynasty 7 '82 70.00 75.0( IN EDMONTON Stay At The RIVIERA THE HOTEL WITH MORE TO OFFER For your convenience in making reservations Call Long Distance and ask for ZEnith 0-7255 At no cost to you! 221 wilh 401 issues un- hanged. At the Montreal and Canadian chapjes. Timhined volume Portland Livestock PORTLAND (AP) Cattle and calves 400; short supply all about steady. Slaughter steers good and ow choice 950 to Ibs. 24 o 27; no slaughter heifers pf- ered; slaughter cows utility ind commercial 17 to 20.25; canner and cutters 15 to 19.50. Slaughter bulls individual util- ty and commercial 21.50 to 24.50; slaughter cows good 25 o 29; feeder steers good and choice 500 to 800 Ibs. 25 to 29; 'eeder heifers good and choice 500 to 750 Ibs. 23 to 28.50. was 7.45 million shares, com- pared with 6.22 million last week. Gains outnumbered losses 178 lo 125 with 155 issues un- changed. No response to Saturday mail delivery OTTAWA (CP) The govern- ment has no immediate re- fponse to a recommendation from the special senate commit- tee on mass media that Satur- day postal delivery' be resumed, Jean-Pierre Cote, minister in charge of the post office, said Friday. The committee recommenda- tion was based on the position that the loss of Saturday mail delivery since 1969 has cut into the weekend circulation of some newspapers and that fullest pos- sible mail services are vital to national unity. Mr. Cote told 0 p p o s i t i o n Leader Robert Stanfield in the Commons, however, that a question about the government's reaction to the recommendation was "premature." IVIERA MOTOE HOTEL 5359 Cslgary Trail Edmonton, Alberta Phone: (403) 434-3431 Telex: 037-2610 SALES NEXT WEEK AT FORT MACLEOD AUCTION MARKET TUESDAY, DEC. 15th at a.m. 800 HEAD 800 SLAUGHTER CATTLE Sell at a.m. STOCKERS and FEEDERS Sell at p.m. HIGHLIGHTING: BROWN CATTLE CO., CARDSTON BRED HEIFER DISPERSAL 135 HEAD 135 Including: 55 Charolais Females Sired by King John, Basile and Bingo 65 Hereford Angus Cross Females 15 Brown Swiss C irolais and Brown Swiss Angus Females Sired by Regal Roman and Kenwood. These heifers were bred naturally this past summer to 6 Aberdeen Angus and 4 Char- olais bulls. 16thail p.m. REGISTERED ABERDEEN ANGUS 75 LOTS 75 Highlighting the Diipenalt of E JACOBSON and T. ANDERSON, FORT MACLEOD and G. f. KITTO, CRESTON, B.C. with guest contributors G E. PEARSON, PINCHER CREEK and HIGHLAND STOCK FARMS, CALGARY Included in the Offering will be: 27 Cows 26 Risng 2 Year Heifers 7 Heifer Calves 12 Bull Calves 3 Bulls of the following Bloodlines SOUTHOIM MARSHALL, EILEENMERE OLD HERMITAGE 106; ANKONIAM; DUSTY LANE; BANDOLIERMERE; WOODLAWN BLACK KING 64; BLUEBIRD BENDOUER, DOR MACS BARALIERMERE 60, HIGHLAND, ELEVATE, ARKINDALE. Here h an opportunity for YOU The registered breeder and the commercial cowman to upgrade your herd. PLUS Board Feet of Lumber Sells at 11 a.m. Wed., Dec. 16th Thurs., Dec. 17th at p.m. 800 CALVES 800 ALSO COW DISPERSAL- 70 Pregnancy Tested Herefords BRED TO HEREFORD BULLS ;