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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 9, 1974, Lethbridge, Alberta 22 THE LETHBRIDQE HEftAlD Saturday, February 0, Mining shares swell market Trading mi Canadian stock markets wasarlivr I his wwk. swelled by heavy volume "I mining shares. There was IHile ImyiiiK inleresl in other sectors. Al Toronto, trailing was the most aclivc Ihis year with 22.35 million shares rliiinging hands fur a value of tuilliini. compared with million .-mil million lasl week. Musi nl tin- volume was in lower- priced mining shares, particularly Muss. Lawson anil Co. Ltd.. Toronto investment firm, comments that "a speculative noli! boom is in full swing It says that as the gold price contimirs to climb, with substantial1 corrections trwn time Jo time, the increasing profitability of existing is apparent as well as the potential rewards to IK- gained by riiiiiniilling amounts of rxptiii'ation capital to new deposits. T. A Ifichardson anil Co. Mil. says: The move toward gold by the public is an attempt t" protect themselves from (he declining value "I currency with something dcemiil in have a better siore nl value II inllation continues at a'high rate during MI74. as presently anticipated, the rising trend of gold shares will prnhahlv also continue." Some higher-priced gold shares winch make up the Toronto gold index also had sharp gains Monday and again uti riday as the price of bullion rosv to n'cnril levels in Km ope. The index Insi-d the week up 74.M to a record MC "I Analvsis say the action in the gold market has brightened interest in nlhei metals The Tiironfo base metal closifl the week nn I.5I (o ItepnMs of greatly-improved profits failiil to stir much iiiihiisiasin in industrials, one analyst said only optimism "will sucreed in pushing the market upwards." What little news there was this week was nnt optimistic. The independent iriH-kcrs' strike in the I'nitfd Stales and resulting shortages and higher prices lor some products' affected the New York nmrKct. already depressed bv (be Arab oil embargo. The How Jones average of 30 industrials fell 23.54 to Canadian markets, which have recently moved against the lower trend at New York, turned dull except lor some sporadic bargain buying. The Toronto industrial index, considered II'C main indicator of market trend. was off 212.02 this week. The Montreal composite index was oil 2 :tr> to Volume at Montreal was B.fU million shares and value was :M million, compared with 5.W! mil- lion and million last week. Western oils, particularly companies with North Sea interests, were lower. Canadian issues with participation there suffered because of fears that if a labor government is elected in liritain I'Vb 2K. the companies may be nationalized, analysts said. New Friday that Kurmah Oil Co. ol Iliilain has a major new find in the Norlli Scvi had lillle effect on sagging prices, and the western oil index closed the week at 257.74. off 12.74. 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: B 51: C 10: cracks 28. To retailers: A large 81-84: A medium 80-81: A small 65-69. (Three cents extra in To consumers (in A large 79-93: A medium 78-89: A small 75. POULTRY Live No. 1 chicken broilers. 34Vi: 6 and over. 39: 5 and under 6. 32v2. 4. 10-12. Turkey under 12. 47: 12 to 18. 48'6: over J8. 45. Live No. 2 chicken 6 and over. 35: 5 and under 6.29V4: turkey under 12. 44; 12 to 18. over 18. 43. THE STOCKMAN'S MARKET 300 to 500 HOGS SELL Tues., at 1 p.m. COWS CALVES Special for Tues., Feb. 19 3 p.m. 35 SPRINGING HOLSTEIN HEIFERS Top Quality Stock 6 are Purebreds (Market Hogs Shipped Daily I Live Weight I Rancher Calf Sale Wed.. Feb. 13th 1p.m. 500 HEAD 500 TOP QUALITY RANCH CALVES TEJUOMG FEEDER MO FAT CATTLE and CALVES Thursday -1 p.n., 600 -HEAD 600 Stock Cow Sale Fit, Feb. 15th 1 p.m. I J uvnngsinvnso On Offer 500 to 700 HEAD NORTON FARMS LTD. CHAROLAIS SALE FRI., FEB. 22nd 100 Purebred end Percentage WESTERN COWS BRED EXOTIC SALE MON., FEB. 25th at 1 p.m. Ettrf ftoJKM Ftsmrr 9ft IE GMNK UMUSIII LTD 100 Bred and Open %and% Limousin Friday. March 8th 1 p.m. SPfflNG ROUNDUP BULL SALE Hereford Angus Shorthorn Charolais Moft, March LJsttnes InvHsd PERLICH BROS. AUCTION MARKET LTD. Ovaaftcfc trMfvMfy BOXlOST.UTHBftlDQE T1J4A1 Phone Day or Night 32t-31Q1 PLEASE NOTE NEW PHONE NUMBER 329-31 01 Company license No. AUCTIONEERS: JOEPCftLJCM TOUT PtflUCH UC. C1STO UC. SB74M, UC. SltlSt Chicago markets Pruning John Myers and sons Bill (centre) and Ron (right) prune grape vines on thoir 70-acre vineyard at Beamsville. Ont.. in the Peninsula. During pi lining excess wood mus' hi InimtuKi .'tway. and the siiniiqc-sl arms from the vine selected to bear the during, the growing and maturing seasons. Th 40 hMd Hereford tteMtr CtlvM from W. Tomn Pincrwr Crock 70 head Short Feeders from Theureutt. Plncher Creek Wednesday, February 20 -1 p.m. Regular Mixed Cattle Sale Cranbrook Sales Yard Cranbrook B.C. Wednesday, February 26th -1 p.m. Regular Mixed Cattle Sale Yard Pinerwr Station Special Charolais Production Sale Bruce McRee end Rob Devldeon 50-BULLS-50 18 -2 year olds 32 Friday, March 1st all p.m. Plnchar Yard Pinchar Station SPECIAL BULL SALE CRANBROOK SALES YARD CRANBROOK Saturday, March 2nd 1 p.m. 50-BULLS-50 ALL SALES CONDUCTED BY COMMUNITY AUCTION SALES ASSOCIATION LTD. PINCHER CREEK Yard Phone 627-3660 Office 627-3466 REGULAR CATTLE SALE EVERY MONDAY 11UL Included in Our Regular Sale MONDAY, FEBRUARY 11th 14 Head of Registered Angus Cows -Bred Otenbrook MereheH ptae Bui eehree end 6 Heller eehee -AN MereheM Breeding HOG SALES every WEDNESDAY We win be assembling Market Hogs for the Marketing Board and sen Weaner and NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY I Don! be.content to accept one offer at home, consign your iive- I stock Jo us, where you are guaranteed Jo have She Auction Ring I Juil ol Buyers to bid on your product TABER AND DISTRICT CHARITY AUCTION Wtd fwsdfjy, February 20 at 7 p.m. Sth ANNUAL SPRING BULL SALE SATURDAY, MARCH 30th 1 p m. UMnsi IWtad EMrlM CtOM Mtrcli 15lh 6th ANNUAL SPRING HORSE SALE Saturday, May 11 at p.m. FRAME LIVESTOCK LTD. PHONE TABEfl DAY OR MIGHT JOHNNY CHARLTON UC.2S) GARYJENSEN ;