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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 28, 1974, Lethbridge, Alberta Saturday, 28, 1974 THE LETHBRIDGE HERALD 9 Christmas holiday break Quiet week on markets r The Herald By GORDON LEGGE The Canadian Press Taking a break for the Christmas holiday, Canadian stock markets were quiet this week with most issues clos- ing generally higher Prices came under considerable pressure at the beginning of the week as investors scrambled against a Dec 24 deadline to sell their losing stocks for tax purposes With stock prices taking a substan- tial drop during the year, more than the usual number of investors were un- loading their stocks so they could de- duct the losses from their income tax Generally investors put off selling until the last moment The market rallied slightly just before closing at noon Tuesday pushing prices up Analysts attributed the change of direction to the influence of the New York market where prices moved upwards. The trend continued Fnddy when the market reopened after closing for Christmas and Boxing Day But most observers consider the ral- ly merely a technical one Tax-loss selling forced prices below their nor- mal levels and speculators moved in Friday to pick up son.d cheap issues Some analysts also said investors were moving out of the market in an- ticipation of lower company profits as the economy slows down next year The Toronto industrial index closed the week at 154 94, up 154 23 last week At Montreal, the industrial index was down 0 49 to 154 68, while the com- posite index down 0 60 to 153 25 At New York, the Dow Jones in- dustrial average rose 3 67 to 602 15 PICTURE BUTTE AUCTION MARKn Ideally located In centre of Urge emit feeding and hog raking country. Here's hoping the New Year will bring you all the things you want from life and peace to enjoy them. HOG and DAIRY CATTLE SALE EVERY SATURDAY AT P.M. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY Next Calf-Feeder and Fat Cattle Sale Wednesday, Jan. 8th at p.m. Trucking Government Branding Veterinary Vaccinating Service Order Buying Feeding Pens For Information and Listings Contact JIMor JOE JURIS Picture Butte Auction Butte, Alberta Auction market located 16 north of Lethbndge on Highway 25 f-none 732-4400 PICTURE BUTTE M.I. LOOSE AUCTION SALE Complete Dispersal of Household and Rest- aurant Furniture and Equipment. Sat., Jan. 4th-11 a.m. TERMS CASH LUNCH SERVED Sale to he held at 2828 21st Avenue and 29th Street, Blairmore, Alberta. Building recently oc- cupied by R R Supplies. This is an indoor sale. FURNITURE: 34 full size Continental Box springs and mattresses Sprmgwall) 3-Roliaway beds, 1-Office desk, 18-Dressers, 1- Studio lounge, 60-Chrome kitchen chairs, 2-Chrome high- chairs, 2-Sets coard tables and chairs, 9-Counter stools. 16-36" stainless steel coat and hat racks, 8-Platform rocker chairs, 4- Loungmg chairs 21-Bedroom chairs, 1 Poker table, 5-Round ranch-style tables complete with lazy susan centre (seats 12) 7-Restauranl tables 1-Chrome table, 1-Foldmg table (seat 1-10 ft glass front counter with fluorescent lights 1-Wooden work bench Ironing boards KITCHEN FURNITURE AND APPLIANCES- 1-Steel work bench 1-south Bend propane or natural gas stove (6 burners, oven and grill, 1-Deep fryer, 1-Hobart dough mixer with bread hook and mixing paddle 1-220 volt commercial 4 slice toaster, 1-Electric meat sheer, 1-4 compartment stainless steel sink with baskets and propane sterlizer 1-Dish can, Electric frypans 1-Tappen propane range 1-Moffat gas dryer, 1-lnghs washer (com 1-Maytag wringer washer, 1-Beatty electric ironer REFRIGERATORS- 1-33 cu ft deepfreezer 1-Westmghouse 12 ft electric fridge. 1-10 ft Coldspot fridge 1-20 (t 2-door fridge and freezer 1-12 (t Admiral fridge, 3-Servel propane fridges (2-16 cu fl 1-12 cu ft) HEATERS- BTU propane heaters, 6-30.000 BTU propane 6-15000 BTU propane heaters, 1-41.400 BTU propane heater with fan. BTU propane heaters, 1-Humidifier 1-Temco 60000 BTU double wall heater, 1-Large duotherm oil heater Several electric heaters KITCHEN UTENSILS: Place setting for 100 people of Russel food equipment Restaurant dishes, consisting of dinner plates, pie plates, side plates, saucers, cups, soup bowls, serving bowls, desert dishes creamers, stainless steel utensils, water jugs, ice cream dishes pickle dishes sugar containers, ash trays, salad bowls, (wooden and melnac) salad dressing serving sets bread baskets, bean pots 2-84 cup coffee makers, 28 fry pans. Aluminum ware 4-5 gal cookers, 3-1 gal cookers, 4-doz pie plates muffin tins cookie pans, heand meat grinder 5-large heavy roasters, quamtity of pots and pans, butcher knives, cleavers, spatulas, can openers, ladles, juicers, toaster, garbage containers LINENS AND DRAPERY: 80-Wool blankets (all dry cleaned and 60-Pair linen sheets (all dry cleaned and pillow cases and bed spreads (all dry cleaned and large quantity of drapery (all 80 feather filled pillows CAMPING EQUIPMENT: b-KacK saddles, ooxes, Dole tents, Camp lanterns Camp stove; Camp heater MISCELLANEOUS EQUIPMENT: Floor polishers. Vacuum cleaners, 3-Bnton door closers. Several propane regulators, 7-Mantel radi MISCELLANEOUS EQUIPMENT: Floor polishers vacuum cleaners, 3-Bnton door closers, several propane regulators, 7-Mantel bed lamps, steel beds For information contact Bill Loose 562 8111 or Tony Virginillo 345-4291. The description as to condition or otherwise as set forth on each item is merely a guide and is in no way a warranty or guarantee, actual or implied. Neither the auctioneer nor the owner are responsible lor any errors in description or condition. SALE CONDUCTED BY PERLICH BROS. AUCTION MARKET LTD. Box 1057, Lethbndge Office Phone 329-3101 JOE PERLICH Company Lieente 071465 BOBBALOG Lie 010293 Phone 328-9772 Lethbrldge, Alberta EDTORSHER Lie 012467 Phone 545-6452 Lie 067454 Phone 847-2201 Milk River TONY PERLICH Lie 010292 Phone 328-9872 Bow liland, Alberta Lelhbnage. Alberla after gaining more than 20 points in the previous two weeks Trading at New York was un- certain Investors are waivenng between the disappointing economic statistics for November indicating the recession still has a long way to go and hope that President Ford will have some potent medicine for the econ- omy in his Slate of the Union message in mid-January Meanwhile gold issues on Canadian markets had a mixed reaction to the record bullion prices in Europe Many analysts say investors are getting rid of the volatile gold issues and buying bullion Beef futures WINNIPEG (CP) Live beef futures close Friday Jan 4500A, March 4700A, May 46 OOA Tuesday's volume NIL contracts Business Winnipeg grain WINNIPEG (CP) There was fair action on the Winnipeg Commodity Ex- change Friday with most prices falling under selling pressure Tuesday's trading volume was feed wheat bushels, oats barley rye flax rapeseed Closing Prices Flax Dec 28 lower 11 29B, May 21 lower 10 40, July 27 lower 9 93A, Oct 13 lower 9 77A Thunder Bay rapeseed Dec 21 lower 7 82A. May 20 lower 8 16A, July unchanged 8 20N, Oct unchanged 784N Vancouver rapeseed Jan 20 lower 834A, March 20 lower 823, June 20 lower 8 13A, Sept 20 lower 7 86A Rye Dec five lower 285B, May eight lower 297B, July lower 292B THE STOCKMAN'S MARKET Happy (tew Year We're anticipating with pleasure the year ahead, to share with friends and neighbors. THANK YOU... STOCKMEN, FARMERS, BUSINESSMEN, CONSIGNORS AND BUYERS FOR YOUR SUPPORT IN 1974 TO OUR MANY FRIENDS, who have so kindly favored us with their patronage we send our grate- ful thanks. We look ahead to the New Year with the hope that our pleasant associations may long continue, and with the wish that the days to come may be rich in Health, Happiness and Prosperity for you and yours HOLIDAY SALES WILL BE HELD TUESDAY, DEC. 31, 1974, 1 P.M. HOG SALE THURS., JAN. 2, 1975, 1 P.M. CATTLE SALE SIMMENTAL SALE MON, DEC. 30th P.M. ON OFFER: 1 PUREBRED SIMMENTAL BULL "PILATUS" Born- Jan 21, 1970 Swiss Import, exportable. Purebred Embryo Transplant Sire. GALANT. Dam. FRANZI. 551 Swiss Import. Transplant date- June 26, 1974. 3 V. Heifers 1974, 10 Females Bred, 10 Females Open; 100 V; Blood Females Bred. 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 HOGS SELL Tues., at 1 p.m. next Hog Sale Tuesday, Dec. 31st at p.m. Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily I Live Weight and Dressed Basis YEARLING _> FEEDER AND FAT CATTLE AND CALVES Next Cattle Sale Thursday. Jin. 2nd at p.m. Thursday -1 p.m. 800-HEAD-800 YEARLINGS and MIXED CATTLE RANCHERS' CALF SALE NEXT CALF SALE Wad., Jin. 8th at p.m. EVERY WEDNESDAY TOP QUALITY RANCH CALVES All Sales Conducted by PERLICH BROS. AUCTION MARKET LTO. Located In the Hub of Southern LIvMtock Industry 3 mllM of LMhbrldgo on Highway 3 and toutf BOX 1057, LETHBRIDQE T1J4A2 Day or Night 329-3101 Company UOOTM No. 071408 AUCTIONEERS: JOE PERLICH Lie. 010283 BOB BALOO Lie. M74S4 TONY PEAUCh Lie. 010492 Barley Dec unchanged 2 97B, May IVi lower 294V4A, July V4 lower 290V4B Oats Dec unchanged 1 93, May 1V2 lower 1 83V2, July unchanged 1 Corn. Dec 10 lower 381B, March unchanged 378A, May two lower 3 83A, July two lower 3 69A Feed wheat- Dec. one lower 3 77, May two lower 3 76, July unchanged 3 79N, Oct unchanged 3 78N Grain quotes Vt Vz Vi Corn (basis Feed Chicago markets CHICAGO (AP) A surge of buying power developed short covering and most farm commodity futures closed at higher levels on the Board of Trade Friday Soybean oil, under selling pressure again, declined the limit of 100 points, or 1 cent a pound, for the second straight day Soybean futures were mixed but soybean meal gained nearly S3 Oats corn and wheat were some 4 to 9 cents a bushel higher New export business, including large purchases by Japan and Taiwan influenced buying of wheat futures before mid-session The demand im- proved until late m the session with all options reaching higher Corn and oats futures, rather irregular early, improved on buying associated with the weather It was ex- pected that new snow m the feeder cat tie zones might cut into local stocks There was some profit-taking in corn and oats but prices still maintained strong levels At the close, wheat futures were to 9 cents a bushel higher, March 4 56'4 corn to higher, March 340, oats IVi U> higher, March 1 and soybeans 3 lower to 6 higher, Jan 6 98 Grain close Friday Wheat Mar 456% May 454, Jul 4 21 Sep 4 26 Dec 4 37 Corn Mar 3 40, May Jul 3 37, Sep 3 14, Dec 2 88, Mar 2 92Vz Oats Mar 1 62. May 1 64Vz, Jul 1 57, Sep I 50, Dec 1 57 Dividends By THE CANADIAN PRESS Corporation dividends Tuesday, quarterly unless otherwise noted Andres Wines Ltd 15 cents payable Jan 15, record Jan 2, not Dec 31 as previously reported Commonwealth Holiday Inns of Canada Ltd., eight-percent pfd series A 50 cents. Jan 31, record Jan 17 Consolidated Building Corp. Ltd five cents, semi-annual, Jan 25, record Jan 10 Eleclrohome Ltd pfd 4375 Feb 1, record Jan 10, 4375 May 1, record April 11, Jl 4375, Aug 1, record July 11 Nov 1, record Oct 10 Germ Ltd., seven-per-cent first pfd 17 5 cents, Jan 15 record Jan 3 Industrial Adhesives Ltd 25 cents, increase of seven cents, Jan 31, record Jan 10 Leigh Instruments Ltd 60 cumulative redeemable convertible first pfd A, 65 cents, Jan 1, record Dec 20 Orlando Realty Corp Ltd., 50 cents, initial. Jan 10 record Dec 31 Reynolds Aluminum Co. of Canada Ltd., 43Vper-cent pfd 19, Feb I record Jan 1 Dale Ross Holdings Ltd six cents. Jan 15, 1975, record Dec 30, 1974 Glendale Corp The dividend nor- mally paid on Dec 31 has been omitted Sony Corp two cents, semi-annual. Jan 10, 1975 record Oct 30. 1974 Earnings By THE CANADIAN PRESS Agra Industries Ltd three months ended Oct 31 1974, 000. 45 cents a share, 1973, no comparable figures available Commonwealth Holiday Inns of Canada Ltd., year ended Oct 31 1974. 46 cents a share, 1973, 50 cents Glendale Corp nine months ended Oct 31 1974. loss, 34 cents a share, 1973, profit, 38 Gold futures WINNIPEG (CP) Gold futures. U S funds, Winnipeg Commodity Ex- change close Friday 460-OUNCE CONTRACTS: Jan 75 196 70B, Apr 75-204 SOB, Jiy 75-208 BOB, Oct 75 213 50, Jan 76 217 60B Tuesday's volume 644 contracts IDA-OUNCE CONTRACTS- Feb 75 201 10B, May 75-205 SOB. Aug 75 211 OOB. Nov 75 216 20B. Feb 76 222 OOB Tuesday s volume 310 contracts Ottawa OTTAWA (CP) With many public stockyards closed throughout Christ- mas week, total receipts (or the nine public stockyards ourveyed by the agriculture department were well down from the week before, the department said Friday A total of slaughter cattle and calves were offered down from last week Receipts of feeder cattle and calves totalled down Sheep and Iambs totalled 300, down In Toronto, A-l and A-2 steers and heiferii sold at steady prices under moderate demand D-l and D-2 cow prices were steady under active trading Prices on D-l and D-2 cows and on vealer calves were steady under active trading In western centres, trading was mainly confined to Winnipeg A-l and A-2 steers traded under a good demand at steady prices Prices on D-l and D-2 cows were also steady In Toronto all four classes of feeder cattle and calves sold at steady prices No prices were established in the west Index 100 hogs prices rose 50 due to good demand for light receipts In Winnipeg prices rose and remained steady at other centres YARD QUOTATIONS Slaughter cattle, steers A-l and A-2 Calgary Edmonton Saskatoon Winnipeg 46-4820, Toronto 50-52, Montreal Heifers, A-l and A-2 Calgary Edmonton Saskatoon Winnipeg Toronto 41-43, Montreal D-l and D2 cows Calgary Ed- Stocks close TORONTO (CP Toronto stock market was higher near the close of light trading Friday Labatt A rose IVs to Sie'-i, Falconbndge Nickel to Stelco A 1 to S25'i Weldwood to J63'j and Pacific Pete ai to Imperial Oil A fell tu S2H4 Bell Canada Vt> to 4 and Domtar l'i to "a MONTREAL (CP) Prices were generally lower in light trading on the Montreal Stock Exchange Volume at the close was 213 600 shares compared with shares at noon Tuesday Industrials fell 62 to 154 46, the com- posite 43 to 153 15 and utilities 06 to 119 53 Banks rose 26 to 206 98 and papers 18 to 95 30 Hudson s Bay Oil fell to Donohue 1 to and Imperial Oil A l to Trans Canada PipeLmes Ltd rose 1 to and Molson A Vz to "z Among speculative issues, Silver Stack Mines rose eight cents to 96 cents after trading shares NEW YORK (API The stock market faced with the fourth straight monthly decline in the U S government s index of leading economic indicators, turned weak and listless today Trading was light throughout the session The Dow Jones average of 30 in dustnal stocks on the New York Stock Exchange slipped 2 58 to 60216 to finish the week with a token net gain of 3 68 points Among Canadian issues Mclntyre was up l to 29 and Hiram Walker to while Alcan remained unchanged at and Canadian Pacific at Dome Mines was down 1 to and Campbell Red Lake to 31'2 Dollar value MONTREAL (CP) -US dollar in terms of Canadian funds closed Friday unchanged at 98 21-25 Pound sterl- ing was up 1 53-100 at 31 49 50 In New York, the Canadian dollar was unchanged at 01 17-100 Pound sterling was up 1 11-20 at 34 7-10 Feed prices WINNIPEG (CP) Wheat Board domestic feed gram prices Friday 3cw red spring wheat 3 77, No I feed barley 2 97, No feed oats 1 93 Livestock montun Saikdtoon 182050, Win- nipeg 18-20 Toronto 21-23 Montreal 21-23 75 Slaughter calves, good and choice veal Calgary Edmonton Saska- toon Winnipeg Toronto 40-50, Montreal 55-69 50 Feeder steers more than 750 pounds Cjlgary 3775, Edmonton Saska- toon 3540 Winnipeg 38-43, Toronto 40- 45 Montreal Feeder iteer calves 401-575 pounds Calgjry Edmonton Saskatoon Winnipeg Toronto 40-46 Montreal Good Iambs Calgary Edmonton Saskatoon Winnipeg Toronto Montreal Index 100 hogs dressed Calgar> 5165. Edmonton Saskatoon Winnipeg 51 50-54 75 Toronto 62 60- 62 75 Montreal 56 32 SUN GLASSES FOR ALL SEASONS In Photosun, Polarized or Tinted. Available in your Prescription. Frames from all the leading names in eyewear fashion Open til 5 30 p m. Monday to Saturday (Thursday till 9 p.m.) REGULAR CATTLE SALE We wish you a bright successful year! Regular Monday Sale at 11 a.m. REMEMBER HOG SALES EVERY WEDNESDAY We will be aitembling Market Hogi lor the Marketing Board and Mil Weaner and Feeder. at 1 :OO p.m. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Don t be content to accept one offer at home consign your live stock to us where you are guaranteed to have the Auction Rmc full of Buyers to bid on your product PRAIRIE LIVESTOCK LTD. PHONE 223-3921, OR NIGHT Auctioneer. JOHNNY CHARLTON _ Lie. 293 GARY JENSEN O KEUJER CATTLE CARE rf P.O. Box 1001, Coaldale Phone 345-4746 P.O. Box 1001, Coaldale Specializing in: Custom A-1 Breeding and Boarding Cattle Full time heat detection and Semen handling of your choice at farm Consulting on Tatoos, recording and upgrading percentage cattle Importer of Pure Bred M.R.I. Cattle For more Information or Space contact: Jerry Keujer, Coaldale (403) 345-4746 May your New Year be rich in all the good things hearty health, meaningful work, warm friendships and a happy home! Peace to you and yours! MacLEAN LIVESTOCK LTD. Picture Butte Phone 732-421 1 ;