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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 14, 1974, Lethbridge, Alberta 24 THE LETHBRIDGE HERALD Saturday, December 14, 1974 Oil shares lead stock rally By SANDRA INGALSBK The Canadian I'ress After touching new lows early this week. Canadian stock markets, led by oil shares, recovered to post their first advance in six weeks. Shares in both the oil refining and western oil sectors of the Toronto stock market rallied late this week following Alberta's announcement of THE STOCKMAN'S MARKET NOTE: THERE WILL BE NO LIVESTOCK SALES DURING CHRISTMAS WEEK! HOLIDAY SALES WILL BE HELD TUESDAY, DEC. 31, 1974, 1 P.M. HOG SALE THURS.. JAN. 2. 1975, 1 P.M. CATTLE SALE Selected PINZ6AUER SALE MONDAY, DEC. 16-1P.M. SPECIAL 1 PUREBRED RECIPIENT SIRE-FOX18 DAM-WIND 15 June 22 Breeding Date 10 Bred Blood Haifars 50 Opan Blood Heifers Some outstanding females have been selected for this sale, HOGS SELL Tues., at 1 p.m. Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Dressed Basis SPECIAL RANCHERS' CALF SALE Wed., Dec. p.m. TOP QUALITY RANCH CALVES EVERY WEDNESDAY IN DECEMBER YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. 800-HEAD-800 YEARLINGS and MIXED CATTLE COWS BRED EXOTIC SALE Fit, Dec. 20, 1 p.m. including Blood Chianina Heifers. Blood Limousin Heifers bred Limousin. and Charolais cross Heifers bred Salers. Blood Rbma- NO CLEAN UP BULLS nola Heifers Calves. Bred Blonde Bred Gelbvieh. Cows Bred Pinzgauer, Also cows bred Simmental. Maine Anjou, Brown Swiss. Chianina, Normandy, etc. SELECT CANADIAN W SATURDAY, DEC. 1 P.M. p. 140 SELECTED HOLSTEINS Including: 120 head of springing or due in January and February Bred Holstein. 20 open Heifers. The heifers were selected from leading Ontario dairy herds by a competent man. Heifers represent many years of Al breeding and good herd management, resulting in top quality and above average production potential. PLAN TO ATTEND OR WE CAN BUY ON ORDER SPECIAL FREE TRIP TO LAS VEGAS Each animal purchased qualifies buyer for an expense paid trip lor 2 to Las Cash Equivalent. DRAW TO TAKE PLACE IMMEDIATELY AFTER THE SALE! For Information Call Roy Niedermier 328-6245 or Perlich Bros. Auction Market SIMMENTAL SALE WON., DEC. 30th P.M. ON OFFER: 1 PUREBRED SIMMENTAL BULL "PiLATUS" Born: Jan. 21, 1970. Swiss Import, exportable. Purebred Embryo Transplant. Sire: GALANT. Oam: FRANZI. 551 Swiss Import. Transplant date: June 26, 1974. 3 Heiters 1974; 10 Females Bred; 10 Females Open; 100 'A Blood Females Bred; 10 V? Blood Females Open For further information phone owners: ROY JOHNSON (403) 758-6657 HAROLD WATSON (403) 653-3664 or PERLICH BROS. AUCTION MARKET LTD. Sale Headquarters: PARK PLAZA MOTOR HOTEL (403) 328-2366 _________ Regular weekly livestock sales will commence week of January 6th, 1975. Tuesdays: HOG SALE Wednesdays: CALF SALE Thursdays: MIXED CATTLE Market Hogs Assembled 5 Days per Week-______ All Sales Conducted by PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southern Alberta's Livestock Industry 3 miles eatt-of Lethbridge on Highway 3 and V. south BOX 1057, LETHBRIDGE T1J4A2 Phone Day or Night OUR NEW PHONE NUMBER 329-3101 Company No. 071469 AUCTIONEERS: JOE PERLICH Lie. 010293 BOB BALOG Lie. 067454 TONY PERLICh Lie. 010292 reduced oil and gas royalties and increased wellhead prices for crude oil. The western oil index had touched an eight-year low Monday after weeks of selling in response to measures in the Nov. 18 federal budget. The measures no longer would allow oil and mining companies to deduct provincial royalty payments in computing their federal income tax. As a result of the higher taxation, many oil companies announced reduc- ed profit estimates and cutbacks in spending and exploration. MOVE WELCOMED The latest move by Alberta was greeted as a break in the impasse between the two levels of government on resource taxation and an indication that oil companies will receive higher revenues than expected. The western oil index closed the week at 119.01, up 9.18. The Toronto industrial index, widely-based indicator of market trend." closed Monday at 150.64. lowest since July, 1970. Its previous 1974 low was 151.19 on Oct. 4. The slump came on the heels of a 12- yeear low reached on the New York market the previous Friday when the Dow Jones industrial average closed at 577.59. A wide range of economic worries have been weighing down stock prices recently, but markets managed to withstand the gloom long enough to close with a modest gain this week. At Toronto, the industrial index clos- ed at 153.71. up 1.35. The Montreal in- dustrial index rose 5.45 to 155.62 and the composite index 4.29 to 153.56. The Dow Jones industrial average gained 15.18 to 592.77. Gold shares were generally lower at Toronto this week with the gold index down 20.1 to 366.04. Mining stocks continued to decline sharply for the fifth straight Week. The base metal index at Toronto touched a 12year low of 56.14 on Thursday. Analysts attribute the slump to the higher taxes on mining companies and to lower metal prices on world com- modity markets. On the week, the base metal index was off 1.78 to 56.52. Trading activity at Toronto incresed this week with 11.16 million shares changing hands for a value of million, compared with 8.82 million shares and million last week. At Montreal, 335 million shares were traded, compared with 3.73 million last week. Value was million against million. Stocks close TORONTO (CP) The stock market was higher at the close of ac- tive trading Friday. Preliminary index figures had in- dustrials up .56 to 153.70. golds up 12.0 to 366.04, base metals up .38 to 56.52 and western oils up 1.37 to 119.06. Final volume was 2.47 million shares compared with 2.42 million shares Thursday. In industrials, CHUM B rose 'It, to Noranda A7's to Gulf Canada to Hudson's Bay Oil to and Algoma Steel to Fruehauf Trailers fell to Bow Valley to JlOVi and Maclean- Hunter Cable '.'a to JSVi. Pamour was up 1 to Roman to and Camflo to Labrador dropped V4 to and Pine Point to Siebens gained Vt to and Great Canadian Oil Sands to Cana- dian Superior lost 1 to MONTREAL (CP) Prices were mixed in light trading on the Montreal Stock Exchange Friday. Volume at the close was shares compared with shares at the same time Thursday. Industrials rose 1.73 to 155.94, banks 1.26 to.203.00 and the composite 1.25 to 153.84 while papers fell 0.81 to 99.78 and utilities 0.44 to 119.BO. Home Oil A rose I3J to Labatt A 1 to Imperial Oil A International Nickel A "4 to and Aquitaine "4 to Distillers Corp. Seagrams fell to z, IAC Ltd. to and Abitibi to Among speculative issues. Silver Stack rose five cents to 90 cents after trading shares. VANCOUVER (CP) Prices were up in light trading on the Vancouver Stock Exchange Friday. Volume was 579.756 shares. In ihe industrials. Block Bros, was down .15 at on 2.500 shares. lonarc was up .01 at .21 on shares. Canadian Tokar was unchanged at .70 on shares. Pace Industries was down .01 at .52 on shares. Austin Investments was down .01 at .31 and Grouse Mountain was unchanged at In the mines, Colby Mines was down .10 at on shares. Dolly Vardon was unchanged at .17 on shares. Sonesta was down .01 at .21 on shares. Grandbra was up .01 at .50 on 27.500 shares. Green Eagle was up one half cent at and Skaist was up .03 at .28. In the oils. August Petroleum was unchanged at .09 on shares. Seneca Developments was down .05 at .85 on shares. Rand A was down .04 at .75 on shares. Cop-Ex min- ing was unchanged at .13 on shares. Williams Creek was down .01 at .04 and Bison Petroleum was un- changed at S4.25. Volume on the Curb Exchange was shares, Tapin Copper was up .08 at on shares. Synergy was up .05 at .65 on shares. Rimrock was up .02 at .72 on shares. Abaca Resources was up .02 at .40 on shares. Host ventures was up .01 at .21 and Beermaster was down at .35'z. NEW YORK (AP) The stock market drifted lower Friday in a drab and listless session. The Dow Jones industrial average closed down 3.60 at 592.77. Among Canadian issues on the New York stock exchange. Campbell Red Lake jumped 1% to Hudson Bay 1 to and Dome Mines 'A to International Nickel was up V4 to and Alcan to Seagrams dropped To Vj, Mclntyre to SSO'A and Massey Ferguson to Hiram Walker remained unchanged at as did Canadian Pacific at Bonds 5 8 3 6'z 7'4 GOVERNMENT OF CANADA BONDS Oct. 98.85 98.95 Jul. 1'78 102.25 102.50 Sept 80.25 80.50 Sept 71.50 72.50 Spl5 Perp 37.00 39.00 Apr. 99.75 99.80 Jul. 100.03 100.08 PROV. AND PROVINCIAL GUARANTEED BONDS '90 92.00 Alta Ont Ont Hydro N.B. N.S. Que Alta Man Hydro Sask Nfld '94 '90 '92 74 '90 '91 8-Vi '90 91Vt '90 INDUSTRIALS 93.00 81.50 93.00 94.00 71.00 Alta Gas Tr Alcan BC For BCTel Bell Tel Bell Tel CP Ltd Cu Infl CWNG Gulf In Pr Pipe Massey Noranda 9W. '90 '91 '92 '90 79 '93 '89 '91 '90 '90 '90 '80 '90 80.50 92.00 93.00 70.00 99.75 92.00 93.00 83.50 84.50 91.00 92.00 91.00 ,92.00 88.50 91.00 88.50 86.50 99.00 91.50 88.50 87.50 88.50 90.50 98.00 90.00 '90 88.00 91.50 89.50 91.50 79.00 84.00 87.00 100.00 66.00 68.00 73.00 76.00 65.00 67.00 85.00 87.00 102.00 104.00 Infi Nick Gas Steel Cda TrCda Pipe TrCda Pipe W Trans Acklands Alta Gas Con Gas Scurry WTrC W Trans IAC Beef futures WINNIPEG (CP) Live beef futures close Friday. Jan. 48.00N: March 48.25N; May 47.50N. Thursday's volume: Two contracts. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds closed Friday up 9-50 at 18-25. Pound sterling was up 67-100 at 49-100. In New York, the Canadian dollar was down 9-50 at 3-10. Pound ster- ling was up 5-20 at 9-20. REGULAR CATTLE SALE Regular Monday Sale SPECIAL FOR MONDAY, DEC. 16th, 1974 150 HEAD OF 3-YEAR-OLD COWS Top quality cows, pregnancy tested Bred to Charolaia and Angus Bulls REMEMBER HOG SALES EVERY WEDNESDAY We will be attembling Market for the Marketing Board and