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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 22, 1973, Lethbridge, Alberta Stock bargain buying provides price gains The Herald Business By SANDRA INGALSBE Canadian Press Staff Writer Canadian stock markets were mixed week as bargain buvmg of selected issues depi ebbed in the recenl decline gaie some major indexes gains The Toionto industrial index con- sidered a major indicatoi of market irends ended jt 204 61 up 2 54 its first Winnipeg grain WINNIPEG A rash ol late buying by various dealers pushed rapeseed futures sharply higher at the close of trading on the Winnipeg Commodity Exchange Friday The late activity moved rapeseed prices up as much as 14 cents The strong trend influenced nearby flax with December position advanced seven cents bur other flax months were steady Rye moved only fractionally on hght trade and oats and barley were inactive Thursdays volume of trade was 20.000 bushels of of flax. of rye and of rapeseed Grain quotes Friday I DecJV 1077 1075 1075 May 999 992 992 Jly 962 959 960 Oct Jan 626 611 Mar 620V. 604 620 Jun 613 595 Sep 590 Kapr-vi'il I hundrr Iljv Dec 564 575 May Jly 585 Oct 575 Dec May Jly Dec May Jly KM- Dec May Jly 316 325 163 156 230 321Vz 313V- gain in eight weeks On the Montreal and Canadian Ex- the composite index rose 01 to 211 9b '.nis week Some early-session rally attempts on the New York market pulled prices up in Canada but worries over the crisis held back anv major advance Canadian markets were also dis couraged by the spreading increase in the bank prime observers said At New York the Dow Jones average of 30 industrials recorded a strong gam up 18 J7 but price movements were generallv small on other days The average clos ed the week at 818 '2 up 3 07 Toronto s gold index touched a high Tuesday of 382 40 but declined during lour sessions to close the week at J71 85 off 9 91 Earnings. Hi 1IIK I'lliss Hume I'lifu-ld Lid 31 weeks ended Nov 3 457 cents a 23 cents KofTler I nine months ended Oct 31 28 1 cents a 23 4 cents H.cJ O-IIT lid. 13 months ended Sept 30 52 cents a 1972. no comparable figures W Jnaili.ui Srid IVoit I id three months ended Oct 31 1973. 14centsashare 13 cents Dollar MONTREAL US dollar in terms of Canadian funds closed Fri- day down 4-25 at SO 99 39 50 Pound sterling was down 41-100 at S2 30 17- 50 In New the Canadian dollar was up 4-25 at 00 11-50 Pound sterling was down 1-20 at 32 30 17- 20 THE STOCKMAN'S MARKET This let the bright rays of peace and understanding enter our hearts and shine there always. We extend grateful thanks to our loyal customers. There will be NO Regular Sales Christmas Week SIMMENTAL CQW DISPERSION FRI.. DEC. 28th 1 p.m. 70-J year o-d Vz Blood Sired by BISMAHK Pregnancy examined end due with calf It an outstanding year end opportunity to purchato top quality owner Slmmental Cattle BIG SKY LAND and CATTLE LTD. The babe metal index was uff 4J to 88 04 and westt'i n oils 9 11 to 232 40 thlb week Trading was moderate at Toronto this uock uilh 11 02 million shares changing hands for a value of 68 million down from 12 97 million and 63 million last week Anahsts attributed some of the slackening in volume to the pte- Chnstmas season Canadian ex- changes plan a long holiday next week with no trading Mondav and Tuesday New York exchanges are open Mon- day On the Montreal and Canadian ex- changes volume was 4 63 million shares compared with 4 79 million last u eek Value of 18 million was down from 11 million last week Canadian Business Service says there are indications at least from a technical point of view that a year-end rally has begun The firm says that 1974 may be a good year for the stock market because the market has discounted many of the negative influences on business next year Institutional money is plentiful since corporations have done much of their budgeting and now are able to plan forward investments Inventories have been turned into cash as Christ- mas selling continues releasing invest- ment funds Many pension funds have vear-end allocations and reinvestment of dividends and interest tends to be heavier at this time of year Dividends. lh 1IIK PRESS Dividends are quarterly unless otherwise noted V C r MuiujiiMiiciu pfd series B. 15 Jan record Jan 2 and Saunas Corp five cents an increase of one plus an extra of two cents Jan record Dec 31 LrnlL'ct Lid 11 cents. Feb record Jan 15 Pembina Pipe Line six per cent pfd series 45 Jan record Dec 14 Premier Trust Co. Ltd 20 Jan 1 record Dec 14 J. M Schneider Ltd seven cents class B seven cents class C 0595 cents all payable Jan 15. record Dec 14 TransCanada Pipelines Ltd.. 25 cents Jan 31 record Dec 31 S2 80 first pfd 70 cents. 75 first pfd series A cents. 65 second pfd series A all payable Feb 1 record Dec 31 YEARLING FEEDER AND FAT CATTLE and CALVES Thursday 1 p.n.. NEXT SALE THURS.. JAN. 3rd 600 HEAD -600 300 to 500 HOGS SELL at 1 p.m. NEXT SALE TUES.. JAN. 8th also COWS CALVES Market Hogs Shipped Daily I Llva Weight and DrttMd _ I Soecial Rancher Calf Sale NEXT SALE WED.. JAN. 9th 500 HEAD TOP QUALITY PBRLICH BROS. AUCTION MARKET LTD. Located In th'a Hub ol Southern LIvMtock Industry 3 mllM Mil ol on Highway 3 and mlto touth. BOX 1057. LETHBRIOQE Pheiwbiiy or Night 320-3101 PLEASE NOTE NEW PHONE NUMBER 329-3101 Company No. 071 469 JOEPCALICH Lie iALOQ TONY PEHLICH I IA A4A4AA It's tough job being minister of parks system By JOHN WARD OTTAWA Jean Chretien likes which is probably a good thing because as federal minister for northern development he is responsible for creating and administering the national parks It's a tough job sometimes After decades when tourism and conservation groups kept pressing for more and more the national parks and Mr. Chretien have become targets for other groups who want to block their expansion. There is controversy in the Atlantic provinces over estab- lishment of three new parks. MPs also are wrestling with a government bill setting out nine new parks including three in the Yukon and Northwest Territories. Some opposition has developed over the northern sites. The three new eastern parks are Ship JHarbour in Nova Kouchibouguac in New Brunswick and Grons Morne in Newfoundland. All are on the coast Each proposed park has pre- sented Mr Chretien with a set of problems. One of them reached a climax Friday when Premier Gerald Regan of Nova Scotia announced that his government has scrapped plans for Ship Harbour Provinces have to provide the land for national parks. I WANTED SCRAP IRON Now Paying More For All Types Of Scrap Metal Farm Industrial Anything Made of COPPER BRASS RADIATORS BATTERIES CAST IRON Truck Scales Magnet Crane Service National Salvage Company LIMITED NEW LOCATION 206 33rd Street North Phone 328-1721 is Our Ship Harbour on the province's Eastern Shore about 40 miles northeast of was proposed several years ago by the Nova Scotia Liberal which signed a memorandum of agreement on it with Ottawa last year. PROVINCE COOLED the scheme drew angry especially from area residents -who feared they would have to leave their homes. Opposition political parties gave them support and a continuing battle began. As a result the provincial govern- ment cooled to the project In New Brunswick's Kouchi- bouguac Mr Chretien the problems are some- what different. Commercial fishing rights were cancelled there and local fishermen of- fered but some thought it was insufficient. There have been sporadic pro- test demonstrations at the park. SAYS MOST SETTLED think we've settled about 99 per cent or 95 per cent of the Mr. Chretien said are maybe 16 men still holding out There also were land ex- propriations by the provincial government in the Kouchibou- guac area. About 70 cases are still but Premier Richard Hatfield says com- pensation meetings will begin in January to solve the problems of former residents as quickly as possible Mr Chretien has said no one will be forced from his land at the Gros Morne park site in but has offered government aid to anyone who wants to move He also has promised im- provements for fishermen in the area Controversy also surrounds the three spectacularly scenic parks in the Yukon and North- west Territories. Mr Chretien wants to develop Kluane Na- tional Park in the Yukon and two parks in the Northwest one on Baffin the other in the Mackenzie district of the western Arctic Local groups have movpH to block all three In the native groups say their land claims will be harmed if the Kluane park is set up PICTURE BUTTE AUCTION MARKET Idealfy located In the centre of a large cattle feeding and hog raiting country The days of yesferyear live on with every new Christmas season. May you enjoy your holidays with that good-old-time happy spirit. RANCH CALVES Feeder ano Fat Cattle NEXT SALE WED.. JAN. 2nd 1 p.m. Trucking Branding Vaccinating Order Buying Government Veterinary Feeding Pens HOG AND DAIRY CATTLE SALE Saturday at 1 p.m. NEXT SALE SAT.. DEC. 29th For information Contact JIM or JOE JURIS Phone 732-4406 Picture Butte Picture Butte Auction Market Picture Alberta Auction market located 16 north of Lethbridge on 25 Ottawa OTTAWA of slaughter cattle and calves Increased this week by head with approx- imately on offer at 10 public stockyards across the country. Toronto reported active trading In slaughter cattle with price Increases of 50 for top-grade steers and cows All other classes held steady In western trading was ac- tive under a good demand with Win- nipeg reporting mid-week gains of 50 cents for top-grade steers Top grade cow prices In western centres decreased by 50 to by the week's closing All other centres reported steady prices Vealer calf prices remained steady in all centres while feeder cattle and calf sales increased by more than 200 head with approximately on offer. Sheep and lamb sales declined by head with approximately on offer Toronto reported good lamb prices under a steady demand while western centres reported steady to lower prices under a moderate demand STOCKVANU PKICbS Slaughter steers A-1 and A- 2 Calgary Edmonton 44 Saskatoon 50-45 Win- nipeg Toronto Montreal A-1 and A-2 Calgary 41 Edmonton 50-41 Saskatoon Winnipeg Toronto D-1 and D-2 cows Calgary 50- Edmonton Saskatoon Winnipeg Toronto Slaughter good and choice veal Edmonton Saskatoon Toronto Montreal 50 Feeder steers over 750 pounds Calgary Edmonton Saskatoon Win- nipeg Toronto Feeder steer calves 401-475 pounds Calgary Edmonton Saskatoon Winnipeg Toronto Good lambs Calgary Ed- monton Saskatoon Toronto Index 100 hogs dressed Calgary 35-53 Edmonton 20- 51 Saskatoon 90-53 Win- nipeg 75-54 Toronto 25- 5690 Lethbridge Sales Monday through Friday 822 cattle I 773 920 lambs SUMMARY Butcher cattle prices strong to 3 00 or more higher in spots Replacement cattle about steady Cattle market buuitg dna active Slaughter steers meeting very good demand prices 1 00 higher Slaughter heifers sold steady to strong All classes of cows meeting keen demand prices opened 3 00 or more with sales up to 37 closing shade easier Bulls around 1 00 higher Medium and good replacement cat- tle selling about steady Stock steer and heifer calves meeting good at steady prices SLAUGHTER CATTLE Steers Al and 2 44 75-45 A3 dairy type steers heifers Al and 2 40-4060. cows Dl and 2 3550-3725 D3 33-35 D4 bulls good 37 39 90 REPLACEMENT CATTLE Good feeder steers over 750 Ibs dairy type 40 good feeder steers un- der 750 Ibs good feeder heifers good stock cows bred cows and heifers 32500-40000 per head good stock steer calves all weights good stock heifer calves all weights 48 50-55 75 HOGS AND LAMBS Butcher hogs sold this week at the Lethbridge Yards at 48 05-50 25 base price There were 204 butcher hogs sold for export Weaner and feedtr hogs sold steady to 1 00 higher Weaners 16 50-30 75 Light feeders un der 100 Ibs Heavy feeders over 100 Ibs 40-57 all prices per head Light feeders under 100 Ibs sold from 42-54 per cwt Heavy feeders over 100 Ibs 32 38 per cwt Boars 65-117 50 per head Good lambs strong to 1 00 higher at 32-34 The Lethbridge yards will be closed Monday Dec 24 through to Dec 26 1973 however the usual facilities will be provided for the handling of livestock Perllch There were head ol livestock sold this week at Perlich Bros Auc- tion Market Ltd Receipts included 1.- 920 cattle and 673 hogs Calf sale was sharply lower on 'Wednesday Butcher cows to S3 higher Majori- ty of other cattle steady Price quo- tations as follows 51 Al THI A1 and A2 none on offer. A1 and A2 heifers none on offer D1 and D2 cows 32 to 35 D4 cows 27 to 31 Shelly cows 15 to 26 Bologna none on offer. Hi.n umi-.vr CArii.ic Steer calves Ibs 44 to 52 Steer calves Ibs 46 to 57 50 Plain quality steer calves all weights 40 to 45 Holstem steer calves 34 to 40 Feeder steers 800 Ibs 45 to 49 75 Feeder steers 800 44 to 48 75 Holstem and shortkeep steers 36 to 44 Heifer calves Ibs 40 to 48 Heifer calves 42 to 51 25. sales to 56 on Charolais Plain quality heifer calves 35 to 42 Feeder heifers 37 to 43 Feeder cows 27 to 33 Good quality stock cows and heifers 410 to 460 Medium quality stock cows and heifers 375 to 400 Plain quality stock cows and heifers 275 to 360 IHM.S. Market hogs dressed weight 4845 to 4950 Good weaners 17 to 29 25 Light weaners 11 25 to 1650 Feeders 100 Ibs 28-37 50 SIMMENTAL COW DISPERSION December p.m. Perlich Bros. Sales Alberta and 4 year old Vi Blood Cows tired by the Bltmark Bull. All the cows pregnancy examined and due with 2nd and 3rd Service Sires EXTRA KONRAD. This is an outstanding year end opportunity to purchase top quality one-owner Simmental Cattle. BIO SKY LAND A CATTLE LTD. MANAGED BY PERLICH BROS. AUCTION MARKET LTD. Located In the Hub of Southern Alberta Llvettoek Industry 3 Eaet of Lethbridge on Highway 3 and mile South JOE PENLICH lie. TONY PEMLICH Lie. 010M2 New Phone Number 329-3101 Livestock 100 Ibs 35.50-64 Bred sows and gilts 135 to 155 Baby calves 42 50 to 72 50 Ewes 12 to 17 Chicago CHICAGO The energy world monetary problems and domestic weather played major roles in fluctuations of commodity futures this week on major exchanges in the United States Trade late in the week slowed down in typical pre-holiday sessions The ex- changes will be closed until Wednesday soy oil and wheat posted gams for the five but oats and meal were irregular at week's end on the board of trade Pork bellies declined on the Chicago Mercantile but live cattle advanced while shell eggs and live hog futures were irregular copper and cocoa registered impressive gams in eastern while lesser gams were marked up in world sugar futures When trade ended for the week on the board of wheat was 7 to 31 cents a bushel March 5 corn lower to March 2 oats lower to March soybeans Jan meal 200 lower to 200 higher. Jan 185 00. and oil 100 to 230 Jan 2450 Widespread snow over the U S and bitter cold in some influenced buyers of feed gram futures and meals Some selling later developed on trade reports that farmers might plant much more wheat in 1974 than indicated a few weeks ago The weather also affected live cattle and hog futures prices as supplies slowed down to many markets Higher Hog EDMONTON ClOSini average prices Krlday provided b the Alberta Hog Producers Board with Thursday average n brackets Edmonton 5002 Deer 5017 Calgary 501' Lethbridge Nil Lloydmmster Nil Kor Macleod Nil Total hogs sales average 50 06 No sows sold Egg prices EDMONTON Weekly egg and poultry report issued by the federal agriculture department To producers A large A medium A small B C cracks 26 To retailers A large A medium A small cents extra in To consumers A large A medium A small 75 i-on.iin To producers live No 1 chicken 34Vi. 6 and over 5 and under Fowl under turkey to over 45 Live No. 2 chicken 6 and 5 and under turkey un- der 12 to over 18. 43 Bonds dressed beef prices helped OF BONDS Gram quotations Oct 9700 9800 Wheat Mar May Jul 10200 10300 4 Sep 4 Sept 7975 8025 Corn May 2 71 May 2 73'A. Sept 7950 8050 2 Sep 2 Dec 2 SplSPerp 3800 4000 Apr 9900 10000 Oats Mar 1 36'A. May 1 Jul 10000 10100 1 AND PROVINCIAL BONDS Alberta '90 101 00 103 00 Ont 7 '88 8700 8800 9 94 10200 10400 EDMONTON Feed gram '90 10400 10600 have again strengthened in 8 74 10000 reporting areas the Alberta '92 7800 8000 Commission reported 74 9800 10000 Price ranges in the Lethbridge 90 10200 10400' are wheat 35-S3 oats Hyd 8 '91 95 00 96 00 60 and barley '90 10100 10300 l-rom Medicine '90 10200 10400 reporter advised wheat 8 74 9900 10000 oats 31 40-S1 50 and barley 8 74 9900 10000 Calgary buyers prices '90 10200 10400 wheat oats 25-S1 '91 10300 10500 and barley 20-32 For 92 10500 10700 The Red Deer and district 90 10200 10400 bidding wheat 95-33 Tel 79 10300 10500 35 and barley 32 05-32 lei 90 i0400 10600 The Vermilion area reports 89 10000 10200 oats '90 10200 10400 barley 80-32 Util 91 10500 10700 The Edmonton market was 90 10500 10700 strongest in the province with '90 9800 10000 oats Pr Pp 90 102 00 104 00 barley 80 10500 10700 Still no change in Peace 90 10200 10400 quotes with wheat S3 00-33 Nick 90 10200 10400 15-31 40 and barley 31 '91 10200 10400 Cda '90 102 00 104 00 CdaPp '90 10300 10500 Gold Cda Pp '90 10400 10600 W Trans 9450 9650 WINNIPEG Gold 90 10800 11500 U S funds Winnipeg Commodity Gas 89 8000 8300 change close 7 82 12900 Jan 74 107 SOB Apr 74 '88 9200 9700 1 1 2 Jly 74 1 1 5 05B Oct 74 Ram '88 84 00 88 00 Jan 75 Tran C '88 80 00 82 00 Thursday's volume 113 '91 10100 10400 REGULAR CATTLE SALE EVERY MONDAY HIM. REGULAR SALES WILL BE HELD DEC. 24 and DEC. 31 We send hale and to our friends everywhere. Have a great holiday. No WMHMF and Poodor Hog Doe. 26th Markot Hogs aMomblod Doe. 27 REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Due to the to our Special through the heavy fall runt In the at Prairie Live- Mock Ltd. have eet the following datea to help our decide on which day they would chooee to aell their livestock. ALL iPBCIAt ftALM WILL COMMBNCI AT 1 HwO A.M. RIOULAH SALBS BVBRY MONDAY AT 11iOOA.M. I Don't be content to accept one offer at consign your to where you are guaranteed to have the Auction Rlrg full Id b'ld on your product PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIGHT JOHNNY CHARLTON Lie. 293 Manager GARYJENSEN ;