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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - December 31, 1971, Lethbridge, Alberta 24 - THE LETHBRIDGE HERALD - Friday, December 37, 1971 Little trend evident today Ottawa livestock report (Mideast war of nerves mounts around Israel TORONTO (CP) - Prices on > the Toronto stock market edged fractionally higher interrupting two consecutive declining sessions in light mid-morning trading today. The industrial index was up .04 to 181.60 and base metals .18 to 78.63. Western oils were down .50 to 214.69 and golds .07 to 339.95. Volume by .11 a.m. was 501,000 shares compared with 472,000 at the same time Thursday. Advances held a slim lead over declines, lot to 96 with 204 issues unchanged. Beverage, merchandising, industrial mining, real estate and general manufacturing issues moved moderately higher as nine of the industrial index's 17 sub-groups recorded advances. Banking, communications, oil refining, steel and pipeline issues drifted moderately lower. Inco was up Vi to $32, Murphy Oil % to $12'/i, Beaver Lumber Vi to $l91/4, Lake Dufault Vi to $13, Newfoundland Light Power Vi to $13% and GDN Management % to $6%. Baton Broadcasting Vi to $15%, Fakonbridge Vi to $793/i, Mattagami % to $27, Shaw Pipe V8 to $9Vfe and Great West Steel y8 to $6. Leon's Furniture fell % to $6Vi>, Toronto Dominion Bank % to $29, Numac Vb to $12%, Vulcan 'A to $9, Pine Point 'A to $25 ft. PRICES EASE MONTREAL (CP) - Prices eased in most sectors in light trading on the Montreal stock market today. On index, utilities declined .18 to 152.07, banks .15 to 227.42 and the composite .01 to 185.11, Industrials rose .12 to 186.56 and papers .02 to 81.18. Co m b i ned volume on the Montreal and Canadian stock exchanges at 11 a.m. was 192,400 stares compared with 179,200 at the same time Thursday. On t h e Montreal Stock Exchange, Consumer Glass was up % to $12, Hollinger Mines % to $37V2, Labatt Ltd. % to $22% and International Nickel Vi to $32. Highlighting MSE declines, Canadian Arena was off % to $15% following change of ownership control Thursday. The company owns and operates the Montreal Forum and the Montreal Canadiens hockey team. Canada Cement Lafarge declined % to $46 and International Utilities % to $42%. On the Canadian Stock Exchange, Malartic Hygrade Gold Mines was off 15 cents to $2.00 on a volume of 100 shares while Ajax Minerals gained one cent to 21 cents on 10,000 shares. Wall St. Noon .. NEW RORK (AP) - Stock market prices drifted higher in dull trading today, as the Wall Street New Year Eve's celebration got off to a slow start. Advances led declines on the New York Stock Exchange by more than a 6 to 5 margin. Steels and motors were off. Utilities, aircrafts, mail order-retail, rubber issues, and metals were up. Chemicals, rails, oils, airlines and electronics were mixed. The Associated Press 60-stock average at noon was up 0.3 at 326.0. A block of 100,000 shares of Matsushita Electric traded on the big board at $18%, UP %. Noon prices on the NYSE also Included Occidental Petroleum up % to $11%, CBS up Vi to $471/4, Fannie Mae up 3% to $97%, Memorex off % to $33, and TRW off V4 to $31. American Stock Exchange prices included TWA warrants down 1% to $24%, Instrument Sysems up % to $6Vi, Charter up lVs to $341/4, Christian up Vi to $7Vi and Syntex off Vis to $83%. Among Canadians on the big board, Mclntyre P 0 r c u p ine gained IVi to $75'/*, Distillers Seagrams was up % to $34, International Nickel rose % to $31% and Granby Mining was % higher at $17!a. On the Amex, Canadian Javelin and Preston were both up Vi to $10% and $8% respectively. Scurry Rainbow Oil was down 1/4 to $141/4. OTTAWA (CP) - Cattle deliveries at the 10 public stockyards during the three-day trading week totalled 12,591 head, 1,100 above the previous week and slightly below the corresponding week a year ago. Eastern deliveries, at 5,941 head, were 2,000 higher than last week. Western markets at 6,650 head, were about 700 lower than the previous week. Continuing light offerings due to the holidays resulted in active demand and stronger prices in most classes of cattle offerings. Steers were higher by 50 cents to $1. Heifers also advanced by about 50 cents, and good cows showed gains of up to $2. Veal and butcher calves remained somewhat stationary in price. The hog market showed advances of up to 50 cents at almost all centres. Lamb prices were uneven in price and demand. Choice steers: Montreal 34.25 36.50; Toronto 37 to 38; Saskatoon 34 to 35.25; Edmonton 33 to 33.50; Calgary 34 to 35. Good heifers: Montreal 25.50 to 28.50; Toronto 32.50 to 33.50; Winnipeg 31 to 32; Edmonton 30 to 31; Calgary 30.50 to 32. Good cows: Montreal 24 to 27.50; Toronto 24 to 25; Winnipeg 24 to 25.50; Saskatoon 22 to. 23; Edmonton 22 to 23.50; Calgary 22.50 to 24.50. Good feeder steers: Toronto 34 to 38; Winnipeg 33 to 37; Saskatoon 33 to 37; Edmonton 33 to 39; Calgary 33 to 36, Good and choice veal calves: Montreal 43.50 to 52.50; Toronto 38 to 47; Winnipeg 45 to 55; Saskatoon 38.50 to 41; Edmonton 38 to 42.50. Good lambs: Montreal 28; Toronto 29 to 30; Winnipeg 28 to 29; Edmonton 20 to 22. Grade A hogs: Toronto 27.60 to .29.55; Winnipeg 24.50 to 26.10; SJaskatoon 23.80 to 24; Edmonton 24 to 24.55; Calgary 24.25 to 24.30. Taber Livestock Due to the holiday weekend receipts were slow. On offer were 252 head of 'livestock comprising 209 cattle, 39 hogs and four sheep. Trade was active on all classes1, size and quality considered. Cows steady. Feeder steers were all holsteins weighing over 1,000 pounds. Feeder heifers were scarce. Stock cows and bred heifers 260 to 355; good cows 23 to 24.40: fair to medium cows 20 to 22.75. Good feeder yearling hol-stein steers weighing 1,185 lbs., 31.El). Fair to medium steer calves, 41 to 43.50. Fair to medium heifer calves 35 In 38.50. Weaner hogs 9 to 11. Light feeders 12 to 18.50. The next sale will be held Monday, Jan. 3 at 1 p.m. Perlich Livestock There were 1,150 head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 565 cattle and 585 hogs. The cattle market was active with prices generally higher on all classes. Good heifer calves sold at record high prices. Price quotations as follows:  SLAUGHTER CATTLE Choice heifers 32 to 33; good PICTURE BUTTE AUCTION MARKET Ideally located in the centre of a large Cattle Feeding and Hog Raiting Country Calf, Feeder and FAT CATTLE every Wednesday at 1 p.m. Services available k Trucking * Branding k Vaccinating �k Order Buying k Government Veterinary k Feeding Pens For Information and J|M Qf JOE JURIS listing* contact pitture Butt0 Agef|on Market - Picture Butte, Alto. Auction market located 16 miles north of Lethbridge Highway 25 Phone 732-4400 Picture Butt* HAPPY AND PROSPEROUS NEW YEAR TO YOU Come and see us at the Terminal Market  FAT HOGS RECEIVED MONDAY thru FRIDAY  SPECIAL FEEDER HOG SALES MONDAYS AT 1 P.M.  FAT AND FEEDER CATTLE SOLD TUESDAY thru FRIDAY at 10 a.m.  SPECIAL CALF AND FEEDER CATTLE SALE FRIDAY AT 1 P.M. CONSIGN All YOUR LIVESTOCK TO C. E FRENCH LIVESTOCK LTD. IN THE HEART OF CANADA'S RANCHING COUNTRY Alberta Stockyards Phone 327-0101-Res. 328-3986 P.O. BOX SS 1-1-7 LETHBRIDGE  Ed French 328-3986  Ken Miller 758-6607 Magrath  Lou DeJager 327-9548  C. W. Henniger 327-7354 LIVESTOCK COMMISSION AGENTS - ORDER BUYERS - EXPORTERS cows 23 to 24.40; medium 21 to 23; canners and cutters 18 to 21; bologna bulls 21 to 24. REPLACEMENT CATTLE Good quality steer calves 42 to 46.50; feeder steers under 850 lbs. 35 to 40 depending on weight and quality. There were no heavy feeder steers on offer. Good quality heifer calves 37 to 41.50; medium quality 33 to 87; short keep feeder heifers 31 to 34; feeder cows 19 to 24.50; good quality stock cows and bred heifers 285 to 325; old and plain quality cows 230 to 280. By THE CANADIAN PRESS The Middle East war of nerves mounted on three sides of Israel today. Jordan reported Israeli jets invaded Jordanian air space. Egypt said its forces completed manoeuvres simulating the recapture of the Sinai desert from Israel. And Israel reported Arab guerrillas from Lebanon fired bazookas at en Israeli jeep near the border but missed it. India, Pakistan talks proposed Livestock Lethbridge Livestock NOT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) - Receipts on the Calgary livestock market to 11 a.m. were all slaughter cows and replacement cattle and calves. Trade was active. Slaughter cows were all medium and canner kinds selling at steady prices. Medium slaughter cows 21.75 to 23.25, canners and cutters 19 to 21.50. Kepla cement cattle were all steers weighing more than 800 pounds and a few stock calves of medium quality. Good feeder steers 34 to 36. J�:dium stock steer calves 37 to 40. Hogs base price 24.45. Grain prices Winnipeg Grain WINNIPEG (CP) - Grain quotes Thursday (basis' Lake-head): High Low Close ..Flax . Dec 241% 239Vi 241% May 250 247% 249'A Jly 251 249 Vi 250% Rapeseed Vancouver Jan 237 232% 233% Mar 242 2367/s 2367/s June 244 239 239% Rapeseed Thunder Bay Dec May 235 Jly 236 Oats Dec 64% May 67Vi Jly 68 Barley Dec 107 May 108% Jly - Rye Dec 93% May 99% Jly 101% 230 231% 63Vi 67Vs 67% ioey4 loevi 91 95 97V4 223% 230 231% 64% 67V* 107 108% 107% 92% 96% 98% Oil company changes name CALGARY (CP) - Shareholders of Canadian Delhi Oil Ltd. have approved a change in name to Can-Del Oil Ltd. Consolidation of the compass authorized 12.5 million shares on a one - for - two basis was also approved at the special general meeting. The changes are part of a move by Standard Oil Co. of Ohio, which owns 93 per cent of Can-Del, to sell its holdings to Canadian and American investors. Standard wants to dispose of the shares to avoid a possible conflict of interest through subsidiary companies and to acquire capital for work in Alaska. Drug advocate denied asylum BERN (Reuter) - The Swiss justice ministry decided today to refuse U.S. drug advocate Timothy Leary's request for asylum in Switzerland. Leary, 50, was arrested by Swiss police at the mountain resort of Villars last June under the Swiss-American extradition treaty and later released cm bail. The justice ministry said that as well as deciding to vwfi'sc Leary's request for asylum, it had also rejected the U.S. request that be should be extradited. Leary is wanted by the United States to complete a sentence for drug offences. In September last year, he escaped from prison in California. NEW DELHI (AP) - Prime 1 Minister Indira Gandhi said] today India and Pakistan should hold direct peace talks-but she made clear they would have to be based on recognition of an independent Bangladesh in what used to be East Pakistan. She expressed bewilderment at a news conference about Pakistani President Zulfikar Ali Bhutto's remarks in Lahore Thursday that he is pi-epared to start a dialogue with India if India "reconciled itself to the existence of Pakistan as an independent state." "Mr. Bhutto has made very many statements," she said. "Not all of them are saying the same thing. But I don't know what he means by saying we don't recognize Pakistan, "We do recognize Pakistan, but we also recognize Bangladesh." Mrs. Gandhi said amy peace talks should be dealt w^th on a purely bilateral basis, indicating her aversion for any type of conference such as held at Tashkent, following the 1965 India-Pakistan war, under the sponsorship of the Soviet Union. WANTS AS FRIENDS "It's very natural Pakistan should be in a traumatic state," Amman radio said sonic booms from two formations of Israeli planes freigbtened residents in Salt, 15 miles northwest of Amman, and Naour, six miles south of the capital. The incident was the first of its kind for at least 18 months, since the Middle East ceasefire began in mid-1970. Egypt's Middle East news agency reported that Egyptian armed forces completed a week-long exercise Thursday simulating the crossing of the Suez canal and the retaking of Sinai. CHANGED COMMAND In Tel Aviv, the Israeli chief of staff, Lt. Gen. Haim Bar-lev, turned over command of the armed services today to Maj.- Gen. David Elizar, who headed operations against Syria, Lebanon and northern Jordan during the 1967 war. Bar-Lev, 47, said there was a possibility that Egypt might start a new battle on the Suez front, but he added: "I don't believe the Egyptians themselves know what to do, so how can Is-real know what will happen?" Bar-Lev, summing up his four years as Israel's top soldier, said his country's forces are alert for any eventuality 00 all fronts while Egypt's leader* are uncertain whether to resume fighting against Israel. Bar-Lev said the Arab world has realized since the 1967 war that Israel cannot be eliminated. Egg prices EDMONTON (CP) - Weekly egg and poultry report. To producers: A large 42; A medium 38; A small 22: B 22; C 6; Cracks 6. To retailers: A large 54; A medium 50; A small 36; B 34-39; C 32; Cracks 32. To consumers (in cartons): A large 59-61; A medium 56; A small 38-41. Flying high SYDNEY, Australia (Reuter) - Leonard Waddell and Margaret Lewis decided they would fly high on their wedding day. Waddell, 31-year-old civil engineer, and Miss Lewis, 26, were married while flying at 8,000 feet Thursday in a flower-decked DC-3 aircraft they rented for about she added. "I'm sure as they return to normal and calmer thinking, they will see it is in their long-term interests that India and Pakistan should live in friendship." Mrs. Gandhi also said the 24-year-old ceasefire line in Kashmir-where India gained control over some strategic mountain passes this month in the Kargil area-might have to undergo "some adjustments." She predicted that most of the 10 million refugees from East Pakistan would return to Bangladesh "by the end of January and certainly by the end of February." Mass repatriation of the refugees is due to begin Saturday. Mrs. Gandhi also gave the first official optimistic assessment about the future of the Bangladesh economy, which earlier reports from Dacca said would require nearly $3 billion to rehabilitate. "The damage to the economy of Bangladesh is not as great as we had at first feared," she said. "The tactics as well as the rapid advance of the Indian army helped mitigate the damage." By Gene Fawcette AMINO ACIDS, THE BASIC MATERIALS OF LIFE, HAVE BEEN MADE IN THE LABORATORY-WITHOUT WATER FOR THE FIRST TIME,THE ABSENCE OF WATER IN THE EXPERIMENTS SUeSESTS PROTO-UFE COMPOUNDS MAY B� FORMED IN INTERSTELLAR SRACE-OR EVEN ON THE MOON... ... /TAISO SEEMS MOKE POSSIBLE NOW 7HATUEE EO/IMS, BASED ONUQU/D6 SUCHASAMMON/A, MAY EX/ST ON OWE* PtAN�75.r 3079 To obtofn oddf... (o writs fot further Rifarmotion, land itamp.d, *.lf.addf....4, nv.lop. lo NSWI eft Corado TOd�, 343 Sr. Jamtt 51. W., Montreal 126, Canada. NEXT WEEK AT FORT MACLEOD AUCTION MARKET First Sale of 1972 TUES., JAN. 4th at 10:30 a.m. 500-HEAD-500 ALL CLASSES OF CATTLE Bring in the year with towering hopes for peak happiness and health. And, top them off with thanks from us. FOW MACLEOD AUCTION MARKETm AT THE OeoSSBOADB OF PANADAS INTERNATIONAL SALES MANAGEMENT P.0B0X 690 PkonMOl/234 3111 HVRLBVRTca REGULAR CATTLE SALE AMeuagfc of Peace "Tranquil thought* turn fo the New Year. Our thanks fo all. PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER - DAY OR NIGHT Auctioneer: JOHNNY CHARLTON Lie. 293 Sales Manager GARY JENSEN THE STOCKMAN'S MARKET BUY TOP QUALITY ? HOGS frH& from leading hog producers TUES., at 1 p.m. WEANERS - FEEDERS - SOWS - BOARS DAIRY COWS - BABY CALVES - SHEEP Market Hogs assembled 5 days a week Monday thru Friday BUY TOP QUALITY CALVES FEEDER AND FAT CATTLE Thursday - 1 p.m. It all balances! Just the right amount of health and happiness for all out loyal, friendly patrons. PERLICH BROS. AUCTION MARKET LTD. Located In The Hub Of Southern Alberta's Livestock Industry 3 Miles East Of Lethbridge On Highway 3 And Vi Mils South BOX 1057, LETHBRIDGE PHONE DAY OR NIGHT 328-3951 ;