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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 2, 1974, Lethbridge, Alberta 24 THi LETHBRIDQE HERALD Saturday, February 2, 1974 Livestock Ottawa OTTAWA (CPi Prices foi slaughter cattle and calves at the 10 public stockyards were up this week with only 13.700 for sale, a decrease of about 7.000 head from last week. Toronto reported prices up for top-grade steers. Prices for top-grade heifers increased In western centres, prices for A-l and A-2 steers was to higher. They were to higher for heifers. D-l and D-2 cow prices also increased. Toronto reported prices up while in western centres they were up to V'ealer calf prices remained steady in all centres. Receipts of feeder cattle and calves decreased more than 9.500 head this week to about 10.000. Trading for cattle generally was active but fell off a bit at mid-week resulting in slight price declines. In Toronto, steers of more than 750 pounds lost while Winnipeg and Saskatoon reported prices down to for steer calves of 401 to 575- pounds. Edmonton reported mid-week gains of 50 cents to under a good demand. The number of sheep and lambs for sale this week declined more than 1.000 head with about 2.000 on offer. Prices dropped in Toronto but were steady in all other centres. Index 100 hog prices also declined in Toronto. In western centres prices were uneven with closing prices 25 cents to higher than last week. STOCKYARD TRICES Slaughter cattle, steers A-l and A-2: Calgary 51 to 52: Edmonton 47.50 to 51: Saskatoon 50 to 51.50: Winnipeg 52 to 53: Toronto 52 to 54; Montreal 46.75 to 49.10. Heifers: A-l and A-2: Calgary 43.50 to 44.50: Edmonton 43.50 to 46; Saskatoon 43 to 44.75: Winnipeg 45 to 46: Toronto 47 to 49. D-l and D-2 cows: Calgary 30 to 33.30: Edmonton 28 to 35: Saskatoon 31 to 32.25: Winnipeg 32.50 to 34.50: Toronto 34 to 35. Slaughter calves, goou and choice veal: Edmonton 45 to 48.50: Toronto 53 to 62: Montreal 60 to 73. Feeder steers of more than 750 pounds: Calgary 45 to 51.30: Edmonton 45 to 51.50; Saskatoon 40 to 51.75: Winnipeg 44 to 48: Toronto 47 to 51. Feeder steer calves "'401 to 575 pounds: Calgary 45 to53: Edmonton 48 to 56: Saskatoon 42 to 55: Winnipeg 48 to 52: Toronto 55 to 63. Good lambs: Calgary 37.50 to 39: Edmonton 39 to Saskatoon 33 to 35.25; Montreal 42.50 to 43.50; Toronto 45 to 47. Index 100 hogs dressed: Calgary 46.35 to 49: Edmonton 47.05 to 49.10: Saskatoon 46.35 to 47.15: .Winnipeg 46.75 to 48.40; Toronto 50 to 51.90: Montreal 50.25 to 50.92. Parllch There were 900 head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 392 cattle and 508 hogs. The livestock market was slow. MALCHOW EXCAVATOR LTD. of DIAMOND CITY wishes to announce the change of their TELEPHONE NUMBER to 329-0303 THE STOCKMAN'S MARKET 300 to 500 HOGS SELL Tues., at 1 p.ffl. COWS CALVES Market Hogs Shipped Daily I Weight and Drasiad Baste I Special Rancher Calf Sale Wed.. Feb. 6th 1 p.m. TOP QUALITY RANCH CALVES FEEDER FAT CATTLE and CALVES Thursday -1 p.n. 600 HEAD 600 Stock Cow Salo Fit, Feb. 15th 1 p.m. LtttlnQB Invfltov NORTON FARMS LTD. CHAROLAIS SALE FRI., FEB. 22nd a! p.m. 100 Purebrod and Farmtaa WESTERN COWS BRED EXOTIC SALE MON., FEB. 25th at 1 p.m. EitryDttffiatfebrriryStli IE GIMK UMHHM LTI .100 Brad and Opan ttand'A Limousin Famalaa Friday. March 8th 1 p.m. SPRING ROUNDUP BULL SALE Hereford Shorthorn Angus Charotais Mod, March pm. LJaHnaa liwHso PBRLICH BROS. AUCTION MARKET LTD. Located tn fha 1Mb Swauwrn MMitTa Uvvatack InaaMry TH4A1 Phone Day or NlgM32f-3101 PLEASE NOTE NEW PHONE NUMBER 329-3101 Company License No. 0714W 40CPCMUCH BALOQ TONY PEBUCH uc. nma uc. omw uc. licht receipts consisted mostly of medium and plain quality cattle. 1'oor weather conditions uncertainty in the slaughter cattle resulted in a light run this week. i'rice quotations as follows: SLAUGHTER CATTLE and cows 31 to 34: D4 cows 25 in 30. REPLACEMENT CATTLK -Steer calves, all weights. 50 to 55: plain quality steer calves, all weights, 40 to 49: Feeder steers, under 300 Ibs.. 49 to 52.75: Shortkeep steers to 49.70: Heifer calves, all weights. 40 to 44.50: 1'lain quality heifer calves 35 to 40: Feeder heifers 40 to 42. HOGS, DAIRY CATTLE Market hogs, dressed weights. 46.55 to 47.35; Good weaners 13 to 17; Light weaners 11 to 13: Feeders, under 100 Ibs.. 23 to 27.50: Feeders, over 100 Ibs.. 38.50 to 54.50: Bred sows and gilts 62.50 to 145; Baby calves 70 to 120. Fort Maclaod FORT MACLEOD On offer by Fort Macleod Auction market last week were 478 cattle and calves. Due to the inclement weather and towering market conditions, only light receipts of fat and feeder cattle on offer this week. SLAUGHTER CATTLE There were not enough fat steers or heifers to quote an accurate market, but 10 head of A2 and A3 steers sold for 49.30. Dl. D2 cows 31-33.60: D3 cows 28- 30.75: D4 cows 23-27.75; good bologna bulls 35-38: fed bulls to 38.75. REPLACEMENT CATTLE Good short keep feeder steers (750 to 950 pounds) 48.50-51.25; plain steer calves 53-55; one package 520 pounds 59.25. Heavy feeder heifers (675 to 750 pounds) 40-42.75; plain heifer calves 38-45: better quality heifers 46.50. At Hi-Way 52 feeders, Al, A2 heifers 4545.25: heifery cows 37.20. STOCK COWS AND BRED HEIFERS Good stock cows and bred heifers 425-500; Al bred Simmental 600430; medium heifers and older cows 300- 375. Calgary CALGARY (CP) Sales Friday on the Calgary livestock totalled 107 cattle, nine calves. The cattle report was unchanged. Egg prices EDMONTON (CP) Weekly egg and poultry report issued by the federal agriculture department: EGGS To producers: A large 71: A medium 68: A small 50: B51: C 10; cracks 28. To retailers: A large 82-84: A medium 80-81: A small 65-69: (two cents extra in To consumers (in A large 79-93: A medium 78-89: A small 75. POULTRY To producers: Live No. 1 chicken Broilers. 6 and over. 39: 5 and under 6. Fowl Under 4.10-12; Turkey Under 12. 47; 12 to 18 over 18, 45. Live No. 2 chicken 6 and over, 35: 5 and under. 6, Turkey Under 12. 44. 12 to 18. 45'-4: over 18. 43. Hog prices EDMONTON (CP) Closing average prices provided by the Alberta hog producers marketing board with Thursday average in brackets: Edmonton: 48.52 (48.94) Red Deer: 48.77 (48.86) Calgary: 48.81 (48.88) Lethbridge: 48.35 (47.69) Lloydminster: No sales (48.10) Fort Macleod. No sales (47.60) -aXal hogs sales average 48.71. Total 'soijrs 25. average 35.90. Boot WINNIPEG (CPI Live beef futures: Mar 54.20A: May 55.90B: Jly 55.10B: Sep 54.10B. Thursday's volume: No contracts. Buoyant profit boosts market Buoyant corporate profits and renewed interest in Canadian shares by American investors sent markets sharply higher this week. Canadian markets virtually ignored the dull trend at New York, concentrating instead on the good news of much-improved fourth-quarter earnings and dividend increases of Canadian companies. 1. An added lift came Wednesday when the U.S. government removed its interest equalization tax on foreign in- vestment, reducing the cost of shares of Canadian companies for U.S. buyers. The Toronto industrial index, considered the main indicator of market trend, gained the first four days of the week but was weakened by profit taking Friday. The index closed at 214.42, up 3.84. The Montreal composite index rose 3.22 to 224.28. In contrast, the New York market gained only Wednesday as hopes of an early end' to the Middle East oil embargo were not realized. The Dow Jones average of 30 industrials closed the week at 843.94, off 15.45. Analysts said worries over an economic slowdown this year were reinforced by a U.S. administration report Friday predicting sluggish growth, higher unemployment and a higher rate of inflation. The gold index in Toronto was off 37.20 to 517.97 as the price of bullion dropped back from last week's hijhs. One analyst said gold stocks have run ahead of bullion prices in the last few weeks and some profit taking was to be expected. Other resource-related issues were stronger. The western oil index gained 4.12 to 270.48 and base metals to 105.56, Although oil stocks have been sluggish recently as a result of "uncertainties surrounding the outcome of federal and provincial government discussions' on energy and taxation policies, some analysts say they will flourish this year. Canadian Business Service Bonds THE UNIVERSITY OF CALGARY 1974 SPRING AND SUMMER SESSIONS (May 1S-Juna at and July 2-August10) In addition to regular courses offered on campus by the Facul- ties of Arts and Science. Business. Education. Fine Arts, and the Schools of Physical Education and Social Welfare, the following special programmes are planned: SPRING: -Spring An GOVERNMENT OF CANADA BONDS 5V4% Oct. 98.10 98.20 8 Jul. 102.75 103.25 Sept 81.37V4 Sept 78.50 79.00 3 Sp15Perp 38.00 40.00 Apr. 99.75 99.85 Jul. 100.75 101.00 PROV. AND PROVINCIAL GUARANTEED BONDS: Alta '90 102.00 102.50 Ont 7 '88 88 00 89.00 Ont Hyd 9 '94 104.00 105.00- NB '90 105.00 106.00 Nfld 8 74 99.50 100.50 NS '92 81.00 82.00 Que 74 98.50 Alta 8vi% '90 103.00 104.00 Man Hyd 8 '91 93.50 94.50 Sask -90 102.00 103.00 Nfld 9'AVo '90 103.50 104.50 AGT 8 74 99.00 100.00 Man GT I 8 74 99.00 100.00 KSeuHMraAftwta) Study ntnncm, Italy (Art of SUMMER: -Drama and EngOah Stody Tear hi London Study bi London (Bamantary flw School C SMy to Curriculum (Calgary) ol (So n) Deadlines Application for Admission to The University of Cal- gary (new undergraduate students) March 31, 1974 Course Registration April 15, 1974 (Spring) May 31, 1974 (Summer) For a calendar and grammes, contact DhriolOA 9 information on special pro- A Gas Bell Bell Cdn. In Pr NSC Steel W Tut UntMntty of Calgary Cakjory, Aftwtt T2N 1N4 (Phono: AGasTr Con Gas Dynasty Ackland SCUT Rain WTrC West ft CONVERTIBLES: -90 125.00 -89 85.00 7 '82 139.00 TO 10000 7V.% '88 SW. "88 84.00 7-4% <91 109.00 135.00 87.00 140.00 105.00 96.00 86.00 111.00 PICTURE BUTTE AUCTION MARKET HOG ofatorga CALVES Ftfjdw and FatCattki W0fl., Fw. 1 P.M. 300 19 400 HEAD ALL CLASSES OF CATTLE HIaJHHajMoal By 50 Hotetern Stews 700 to SOO Irom 8. G. Molsn and Sons 50 Hcfetem Steers 700 Jo SOO Ibs from GtVIDNNIlt VMtfiNry AND DAIRY CATTLE SALE f Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY UMnpCwMM JIM or JOE JURIS Pfctiwv whrTTv AticDon Worftot Auction ifwrMI iocffcj 19 wilMJB north ol LofhotMBV on Takenaway Charles Roehl of Smiths Creek, Michigan appears to be losing control of his team during Belgian horse competition at the Canada Farm Show at the CME Toronto this week. Mr. Roehl placed first in the event. The show ends Saturday. comments -that the U.S. commitment to become self-sufficient in energy by 1980 should benefit Canadian oil subsi- diaries through exploration in the Far North and access to technology for removal of crude oil from oil sands and shale. This, plus increased American investor interest resulting from removal of the interest equalization tax, "should provide a healthy environment for Canadian oil stocks over the next few years." Trading was active at Toronto this week with 17.52 million shares traded for a value of million, compared with 18.38 million shares and million last week. On the Montreal market, million shares were traded, compared with 6.98 million last week and value was million compared with million. Preliminary figures released by the Toronto Stock Exchange show value of snares traded during January was million, up 41 per cent from De- cember's million but down 14.3 per cent from million during January, 1973. Volume during January of 76.7 million shares was up 55.3 per cent from December volume of 49.4 million shares and up seven per cent from 71.7 million during January last year. The Herald Chicago markets CHICAGO (AP) Commodity Jutures prices moved over a fairly narrow range on major United States exchanges this week and most closed irregular. Corn, oats and.soybean oil futures were mostly higher on the board of trade, but wheat and soybeans were irregular while meal was lower. .Live hog. and cattle futures, pork bellies and shell eggs- on the Chicago Mercantile Exchange closed generally irregular. Concern over the truckers" strike produced lighter marketings of cattle and hogs at major stockyards and some reluctance on the part of wholesalers to buy. This was a bearish factor on futures, although there was some buyer interest in deferred options. Pork bellies generally moved .with hog futures, but shell eggs reacted to reports that stocks might increase. The U.S. government asked exporters to try to persuade foreign Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise noted. British Columbia Packers Ltd.. class A. 37'i: class B. both semi-annual dividends payable March 15. record March I. British Columbia Telephone Co.. 80 cents. April 1. record 11: 4% per cent pfd.. May 1. record April 10: 4'z per cent pfd.. April 1. record March 11: 42i per cent pfd.. per cent series 1956 pfd.. both payable April 15. record March 25: 4.84 per cent pfd.. 30'4 cents. April 1. record March 11: 5.15 per cent pfd.. April 15. record March 25: 5% per cent pfd.. April 1. record March 11: 6 per cent pfd.. May 1. record April 10; 6.80 per cent pfd.. 42ii cents. March 15. record Feb. 22; 7.04 per cent cum. pfd.. 44 cents. April 1. record March 11. Combined Engineered Products Ltd., pfd.. series A. 27'i cents. March 1. record Feb. 8. Crown Life Insurance Co.. 27 cents, increase of cents. April 1. record March 15. Dominion and Anglo Investment Corp.. five per cent pfd.. March I. record Feb. 15. Dominion Stores Ltd.. 18 cents. March IS. record Feb. 21. El Paso Natural Gas Co 25 cents. US funds. March 29. record Feb. 22. Kalconbrtdgc Nickel Mines Ltd.. 25 cents. March 29. record March Getty Oil Co.. OS. funds. increase of nine cents. March 12. rccard Feb. 15. Granny Mining Co. Ltd.. 15 cents. US funds. March IS. record Feb. 22. Granislc Cojiper Ud. eight cents. t'5. lands. March 15. record 22. Grrfo inoorlrics Ltd.. dass 8. eight increase of two cents; class C. S-10 cnils. increase 7-W cents: both paraMe MarcSi 15. record Feb. 28 buyers to defer some old-crop commitments into new-crop wheat and this brought selling of old-crop futures. Corn and oats prices improved under demand linked to reports farmers were holding back grain from markets in hopes of higher prices. Soybeans and soy oil prices generally responded to immediate demands for the cash and futures products, but trade was listless. At the eh'd of the week, wheat futures were 5 cents lower to W.i higher, Mar. 5.70: corn unchanged to higher. Mar. 3.01 oats to 2% higher. Mar. soybeans 23 lower to 3 higher. Mar. 6.46: soy oil 15 points lower to 142 higher. Mar. 29.47: and soybean meal 450 to 1.100 points lower. Mar. 167.00. Grain close: Wheat: Mar 5.70: May 5.44: Jul4.92: Sep 4.88. Dec 4.89. 3.01 'A: May 3.05: Sep 2.99: Dec 2.73'A: Mar Oats: Mar May 1.70: Jul Sep Dec 1.68. Alborta grain KDMOMTON (ACNl -Prices giMKM-iill.v xteudy throughout the province with wheat reflecting strength ii! some areas. Halves quilted lor Lethbridgc and district are wheat to oats to and barley to Little change acted from Medicine Hal-Brooks with wheat oats and barley In and around Calgary prices as follows: wheat to oats to and barley to The Red 'Deer reporter advises ranges on wheat to oats to and barley to No change in prices from Vermilion with wheat to oats to and barley to Around Edmonton wheat again increased ranging to oats to and barley to The report from Fail-view on Peace Kiver prices is wheat to oats and barley Winnipeg grain WINNIPEG (CP) The strong price trend in oilseeds continued through Friday's session on the Winnipeg Commodity Exchange. With improved buying interest from a variety of sources, prices in all oilseed months except for deferred Thunder Bay rapeseed advanced 20 to 30 cents. The trend did not, however, spill over into rye where prices were steady to a few cents lower as buyers showed only limited interest in the selling offers. At the'close flax was 30 cents higher, Vancouver rapeseed 20 cents higher. Thunder Bay rapeseed 20 to two higher, and rye unchanged to three cents lower. The volume of trade Thursday was 2.225.000 bushels of rapeseed. 972.000 of rye and 246.000 of flax. Export wheat prices at Thunder Bay all dropped cent. CASH PRICES Oats: 2 CW 1.83.3 CW 1.79, EX 3CW 1.80. EX 1 feed 1.64.1 feed 1.63.2 F33D 1.60.3 feed 1.57. mixed feed 78.00 a ton. Barley: 1 CW 6-row, 1 CW 2- row. 2 CW 2-row and 2 CW 6-row 2.56. 1 feed 2.55. 2 feed 2.53'z 3 feed Rye: 1 and 2 CW 3.42, 3 CW 3.36. 4 CW'3.25. ergoty 3.20. Flax: 1 CW 11.60. 2 CW 11.55. 3 CW 11.30. Rapeseed: No. 1 Cdn 6.95. No. 2 Cdn 6.69. Grain quotes Friday basis Lakehead: High Low Close Flax May 1160 Jly 1086 Oct 1043 Nov 1035 Rapeseed Vancouver Mar 763 763 Jun 709 701'A 709 Sep _ 660 Rapeseed Thunder Bay May 701 698 701 Jly 662 Oct 652 Nov 628 Rye May 346% 350 Jly 330'.i 324% 328 Oct 315 Dec 320 314 314 Earnings Domtar Ltd., year ended Dec. 31: 1973, million, a share; 1972, million. Fraser Companies Ltd., year ended Dec. 31: aishare; 1972, loss, 1.2 cents. x' Montreal .Trust .Co., .year ended 'Dec. a share; 1972. Reader's Digest Association Canada Ltd., six months ended Dec. 31: 92 cents a share; 1972; million. Saury-Rainbow Oil Ltd., year ended Sept. 30: 1973. 50 cents a share; 1972. 11 cents. Venpawer .Ltd., .six months ended Dec. 31: 1973. profit. profit, 2.2 cents: 1972, loss. WANTBD SCRAP IRON Now Paying Mora For All Types Of Scrap Metal Farm Industrial Anything of Iron! COPPER BRASS RADIATORS BATTERIES CAST IRON Truck ScalM HagnM Crarw National Salvago Company LIMITED NEW LOCATION 206 33rd Street North Phono 321-1721 "Scrap to Our Business" REGULAR CATTLE SALE EVERY MONTREAL "CPi VS. dollar to tarns -tit Canadian lands at p.m. rinse Friday was