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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 17, 1973, Lethbridge, Alberta 24 - THE IETHBRIDGE HERAID - Saturday, February 17, 1973 Budget given cautious eye By IRVING C. WHYNOT CP Business Editor TORONTO (CP) - The Canadian business comtmtnity looks to next Monday's federal budget with a hopeful but cautious eye. The biggest hope of business and industry is that the government will confirm measures announced in the May, 1972, budget but never passed by Parliament. That budget promised corporation tax cuts and a fast writeoff for tax purposes for purchases of equipment to be used in manufacturing and processing goods in Canada. These measures were hailed with pleasure by business spokesmen at the time. But nine months later they are still waiting for these measures to be confirmed. The Canadian Manufacturers' Association says it looks for an expansionary budget. It notes speculation of increases in pensions and personal income tax cuts. "Political considerations apart, the justification for an expansionary budget of this kind is that it would help unem- ployment by stimulating consumer spending, and that federal revenues are looking very good indeed at the end of this first year under the new tax system. "All this Is valid enough, but there are two all-important provisos and they are as vital to the interests of the country as a whole as they are to manufacturing industry." These two provisions, the association said, were the corporate tax reduction and fas budget. "Economic necessity and moral obligation alike require that Parliament give effect to these proposals without further delay. They are the minimum required to keep our manufacturing industries competitive- with all that means for jobs." Beef futures WINNIPEG (CP) Live beef futures: Mar - 41.50; May - 42.00B; Jly - 41.50B; Sep - 40.20B. Thursday's volume: Three contracts. THE STOCKMEN'S MARKET CT~5>\, 300 TO 500 HOGS V f SEU TUES., at 1 p.m. ALSO -DAIRY COWS -BABY CALVES -SHEEP SPECIAL 6 HOLSTEIN BULL CALVES FROM IETHBRIDGE RESEARCH STATION Market Hogs Shipped Daily SPECIAL STOCK COW AND BRED HEIFER SALE Wed., Feb, 21 at lp.m. EXPECTING 500 TO 800 HEAD YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday - 1 p.m. 800 1200 HEAD (500 to 550 lbs.) From on� owner INCLUDING ... 350 YEARLING STEERS AND HEIFERS 200 LIGHTWEIGHT RED WHITE FACE STEERS AND HEIFER CALVES FROM ONE OWNER 80 LIGHT WEIGHT CALVES from one owner LISTINGS TAKEN FOR THE FOLLOWING SPECIAL SALES SPRING ROUNDUP ALL BREED BULL SALE WED., MARCH 14th 1:00 P.M. ENTRY DEADLINE FEBRUARY 25 SOUTHERN ALBERTA RANCHERS REPLACEMENT HEIFER SALE WED., MARCH 21st 1:00 P.M. 700 TO 1,000 HEAD CHAROIAIS - HEREFORD - ANGUS AND CROSSBRED HEIFERS BIG SKY LAND AND CATTLE LTD. SELECT CHAROLAIS BULL SALE ^ WED., MARCH 28th I 1:00 P.M. 75 PUREBRED AND HIGH PERCENTAGE 2-YEAR OLD AND YEARLING BULLS PERFORMANCE TESTED - MANY HERD SIRE PROSPECTS WESTERN CANADA EXOTIC BREED SALE WED., APRIL 11th 1:00 P.M. LIST YOUR FARM SALES EARLY AND BE ASSURED OF A GOOD SALE DATE. PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southern Alberta's Livestock Industry 3 mile* east of Lethbridge on Highway 3 and V* mile south BOX 1057, LETHBRIDGE PHONE DAY OR NIGHT 328-3951 I No dancing About 500 persons crowded into Winnipeg Inn ballroom this week for an auction sale of 28 prize bulls and heifers. Above, Mrs. Fred Coy of Stonewall, Man., leads a heifer which fetched $1,050 through the sale ring. Top price paid at the sale was $2,100 for a bull calf. Change handling of grain slowly 'BAKER, LOVICK LIMITED^ APPOINTMENT R. B. Ranson The appointment of R. B Ranson as Vice - President and Manager of the Calgary office has been announced by E. C. Daniher, President of Baker, Lovick Limited. Mr. Ranson joined the national advertising agency as a senior Account Executive in 1961, bringing to the company his diversified background of experience in industrial photography, direct selling, media production and sales management, and sales promotion. Prior to his new appointment he was Vice-President and Assistant Manager, Calgary. V_> EDMONTON (CP) - Canada's aging gradn-haindling system needs to be modernized and consolidated but it needs to be done slovvtty, grain company president George Heffle-finger of Winnipeg said this week. Mr. Hefflefinger, president of National Grain Ltd. and National Agri-Services Ltd., was addressing a service club meeting. He said the efficiency of the grain handling system could easily be improved if it was treated as a simple industrial problem. "But agriculture is more than an industry. It is a way of life for many and changes made too rapidly in the name of efficiency will create problems in the rural social community, possibly more serious than the economic problems they're meant to solve. He said the Canada Grains Council is considering three alternatives to the existing handling program. These include systems using 100 large inland terminals, 256 satellite elevators delivering to 22 terminals by truck and 389 high-speed concrete elevators for primary delivery. DRAWBACKS But, he said, there are drawbacks to all three proposals, a more likely solution probably would incorporate facets of all three. "Over the very long period of time, it may be possible to move from the 4,500 elevators at some 1,800 prairie communities that we have today to a system of 1,600 elevators serving'400 communities. "The policy for change wll have to consider compensation to certain producers who are faced With a longer truck haul." Mr. Hefflefinger said the crucial change is that the 175,-000 individual farmers must be given an economic environment in which they can prosper. The point of any grain-handling program must be to keep to a minimum the total marketing costs. REGULAR CATTLE SALE EVERY i MONDAY! AT 11:00 A.M. HOGS SELL AT 11 A.M. , Don't be content to accept one offer at home, consign your livestock to us, where you are guaranteed to have the Auction Ring full of Buyers to bid on your product. CHARITY AUCTION SALE WED., MARCH 7th - 7 P.M. MOOSE HOME, TABER Proceeds to mentally retarded children FARM MACHINERY SALE CHOICE DATES STILL OPEN SPRING IS JUST AROUND THE CORNER LINE UP YOUR FARM SALES NOW WHILE DATES ARE AVAILABLE PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER - DAY OR NIGHT , Auctioneer: JOHNNY CHARLTON Sa,M Manager Lie. 293 GARY JENSEN All beef on carcass system? CALGARY (CP) - The new beef grading system might eventually lead to an all beef sold on a carcass-grading system, Jack Horner, Progressive Conservative MP for Crowfoot, said this week. Mr. Horner told the annual meeting of the Canadian Welsh Black Cattle Society, there may be a move to establish a complete rail-grading system like the one for hogs - a system that may become compulsory. "We cattle men should pay strict attention to what governments are doing to the beef industry." Buying competition is reduced if producers don't insure cattle prices are determined prior to shipment to the packers, he said. Mr. Horner urged cattlemen to look for ways of cutting production costs so that beef prices won't go too high and make consumer switch to other meats or synthetic meat. VW price increases WOLFSBURG, West Germany (AP) - Volkswagen is planning auto price increases in the United States in the wake of the U.S. dollar, it was reported Friday. Baiyerische Motoren Werke (BMW) said it will raise West German prices of its models an average of 4Y* per cent and that export prices will have to be increased to balance production costs. Four other West German auto builders also have increased domestic prices in the last three weeks. Pardon poet PADOVA, Italy (AP) - Italy's prisoner poet, Alfredo Bonazzi, has been pardoned after becoming famous while in jail through his verse. Bonazzi, 44, was sentenced to 28 years in prison for homicide in 1960. He be^an writing poetry in jail and became widely known in Italy when he won a literary award in 1970. Livestock market report Ottawa Livestock OTTAWA (CP) - Receipts of cattle and calves were moderate at Canada's 10 public stockyards from Monday to Thursday this- week with approximately 18,437 head offered, up from the 16,075 head offered last week. According to the federal agriculture department's weekly livestock report A-l and A-2 heifers were under a good demand resulting in strong trading with firm prices. D-l and D-2 cows were strong. Vealer calves and heavy feeder steers were under a gcod to moderate demand. Feeder cattle and calf prices were higher with approximately 11,839 head offered. Receipts for sheep and lambs continued to be light with 929 head on offer. Lamb prices were stronger. Hog prices were uneven with stronger prices in the east.. Slaughter cattle, steers A-l and A-2; Calgary 40 to 41.10; Edmonton 37 to 40; Saskatoon 39.75 to 41.25; Winnipeg 41.50 to 42.50; Toronto 43 to 44.50; Montreal 41.75 to 42.25. Heifers, A-l and A-2: Calgary 36.50 to 38.10; Edmonton 36 to 37.50; Saskatoon 36.50 to 30; Winnipeg 37.50 to 38.50; Toronto 40 to 44,50. t)-l and D-2 cows: Calgary 27.50 to 30.50; Edmonton 28 to 29.50; Saskatoon 28.50 to 30.50; Winnipeg 30.50 to 31.50; Toronto 30 to 32. Slaughter calves, good and choice veal: Edmonton 45 to 49; Saskatoon 50; Winnipeg 60 to 70; Toronto 44 to 58; Mon-real 55 to 65. Feeder steers over 750 pounds: Calgary 38.50 to 43.50; Edmonton 40 to 44; Saskatoon 35.50 to 46; Winnipeg 37-to 45; Toronto 37 to 44. Feeder steer calves 401-575 pounds: Calgary 44 to 52; Edmonton 46 to 54; Saskatoon 43 to 53.50; Winnipeg 46 to 50; Toronto 52 to 57. Good lambs: Edmonton 32 to 33; Saskatoon 25; Winnipeg 34 to 36.50; Toronto 40 to 43. Index 100 hogs dressed: Calgary 44.25 to 45; Edmonton 44.25 to 45.05; Saskatoon 47.15 to 47.95; Winnipeg 47.70 to 49.50; Toronto 48.90 to 50.15; Montreal 44 to 46. Lethbridge Livestock On offer this week: 60 cattle; 221 calves; 1,431 hogs; 53 lambs. SLAUGHTER Steers: Al plus A2 - 40.00 to 40.90. Heifers: Al plus A2 - 35.00 to 36.40. Cows: Dl plus D2 -� 29.00 to 30.30; D3 - 26.00 to 29.00; D4 - 20.00 to 25.00. REPLACEMENT Good heavy feeder steers over 950 lbs 40 to 41.90; good light stock steers 42 to 49.50; good feeder heifers 36.50 to 43.75; good stock heifer calves 41 to 45.50; bred cows and heifers - 275 to 400 per head. HOGS, LAMBS All classes of wearier and feeder hogs met good demand. Weaners sold 1 to 1.50 higher will all remaining classes remained about steady. Weaners 17 to 27.50 light feeders under 100 lbs 27.25 to 33.50, Heavy feeders 100 to 130 lbs 30.25 to 40.25, heavy feeders over 130 lbs 40 to 46.50 all prices per head. Light feeders under 100 lbs sold from 27.25 to 60 per hundredweight. Heavy feeders over 100 lbs sold from 26.75 to 40.25 per hundredweight. Bred sows 83 to 125 per head. Boars 56 to 85. Butcher hogs sold this week at the Lethbridge Yards 44.25 to 45.05 base price. Good lambs 32. Perlich Livestock There were 1,825 head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 1,013 cattle and 800 hogs, 10 sheep and 2 horses. SLAUGHTER CATTLE Not enough slaughter steers and heifers to establish firm quotations. Good cows 28.50 to 30.75; medium 26 to 28.25; canners and cutters 22 to 25.75; bologna bulls 30 to 33.80 with lighter weight butcher bulls to 36. REPLACEMENT CATTLE Steer calves - 250 to 400 lbs.. 56 to 63; calves 400 to 500 lbs. 41 to 57.50; calves - over 500 lbs. 47 to 55; holstein steer calves - 45.50 to 48.60; feeder steers - under 800 lbs. 44.50 to 48; feeder steers over 800 lbs. and short keeps - 41.25 to 44.25; holstein feeder steers 38 to 38.80; heifer calves - 250 to 400 lbs - 45 to 48.50; heifer calves - 400 to 500 lbs. - 43 to 47.25; Heifer calves - over 500 lbs - 39 to 44.50 with replacement quality heifers to 52.00. t Feeder heifers - 37.50 to 40.25; feeder cows - 28.50 to 34.50; medium quality stock cows - 300 to 365. HOGS, SHEEP AND DAIRY CATTLE A keen demand exists for all classes of hogs. Market hogs - dressed weights 44.30 to 44.85; good weaners - 20 to 27.25; light weaners - 14 to 19; feeders - under 100 lbs. - 27.50 to 35; bred sows and gilts - 95 to 152.50; baby calves - 90 to 97.50; larger calves - 130 to 220. Macleod Livestock FORT MACLEOD - There were 1,759 cattle and calves on offer by Fort Macleod Auction Market last week. Slaughter steers and heifers remained steady with cows and Grain prices Winnipeg Grain WINNIPEG (CP) - Grain quotes Friday (basis Lake-head): High Low Close Flax May 537% 524% 537 Jly 521 514 521 Oct 494 478 494 Nov 473 468 473 Rapeseed Vancouver Mar 434% 420% 427% Jun 429 414 424% Sep 419% 404% 416 Nov 388'/s 378 384 Rapeseed Thunder Bay May 397 383% 390% Jly 387% 375% 382% Oct - - 373% Nov - - - 363 Oats May 120% 119% 120% Jly 117% 116% 117% Oct 110 109 110 Dec - - - 108% Barley May 150 149% 150 Jly--- 150% Oct 147 146% 147 Dec--- 148% Rye May 156% 153 153% Jly 155 151% 152V8 Oct 150% 145% 150V4 Dec--- 142% GRAVE WEAPONS CORDOBA, Argentina (AP) - Authorities in a nearby town said a tomb in the local cemetery was robbed of its coffin and refilled with explosives, apparently to supply guerrilla terrorists. bulls $1.50 to $2 higher. All classes of stockers and feeders remained, strong with good demand for heavy feeder steers. Choice steers 40.20 to 40.90; choice heifers 36.50 to 37.10; good cows 28 to 29.50; medium cows 25 to 27; good bologna bulls 30 to 32.50. Good short keep steers (900 to 1,060 pounds) 42 to 44; good short keep heifers (825 to 925 pounds) 36 to 37. Good steers (700 to 875 pounds) 45 to 47; (500 to 600) 50 to 52; (400 to 500) 53 to 55. Medium steers (375 to 500 pounds) 47 to 50; medium to good heifers (600 to 700 pounds) 35.75 to 38.10; (400 to 500 pounds) 43 to 46.25. At Hi-Way 52 Feeders, choice steers 41.25 to 41.50; holsteirs 33 to 38.60; choice heifers 37 to 37.50; good heifers 36.10 to 36,80. Taber Livestock TABER - On offer this week were 690 head of livestock consisting of 456 cattle and 234 hogs. Fair to medium bred heifers, $300 to $365; good cows, 27.50 to 28.10; fair to medium, 26.50 to 27.25. Bulls, 31.25 to 32.30. Good yearling feeder steers over 750 lbs., 42 to 45.75; fair to medium, 40 to 41.75. Good yearling feeder heifers over 650 lbs., 38 to 39.50; fair to medium, 36 to 37.75. Good steer calves, 51 to 56; fair to medium, 47 to 50.75. Good heifer calves, 46 to 48.25; fair to medium, 40 to 45.75; Charolais Cross heifers, 48.50 to 52. Light feeder hogs, 32.50 to 38; heavy feeders, 40 to 67. ENGINEERED HOMES A. J. (ART) WHIMS Mr. Keith Blckerton, Area Manager of Engineered Homes, Lethbridge Is pleated to announce that Mr. Willms was Runtier-Up for Engineered Homes Sales across Canada for the month of January, 1973. Mr. Wlllms ts a very worthy recipient of the bonus prize with new home sales in excess of $164,000.00 for that month. WANTED SCRAP IRON NOW PAYING MORE FOR ALL TYPES OF SCRAP METAL Farm Machinery-Tractors-Truck* Industrial Scrap-Machinery-Demolition Anything Made of Iron! COPPER - BRASS - RADIATORS - BATTERIES - CAST IRON etc.- Truck Loads - Carloads Truck Scales - Magnet Crane Service National Salvage Company LIMITED NEW LOCATION 206 33rd Street North Phone 328-1721 "Scrap Is Our Business" PICTURE BUTTE AUCTION MARKET Ideally located in the centre of a large cattle Feeding and Hog Raising Country CALF FEEDER AND, FAT CATTLE ON OFFER 400 HEAD ALL CLASSES OF CATTLE BRED HEIFER AND STOCK COW SALE FRI., FEB. 23rd 1:00 P.M. 400 HEAD EXPECTED HOG and iA DAIRY CATTLE SALE very Saturday at 1 p.m. SPECIAL 15 BABY CALVES MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY For Information and JIM Or JOE JURIS Phon� 732-4400 listings contact HdHW B(m- Aue,on Markw _ pk,or- B||ff- A|fa Picture Butte Auction market located 16 miles north of lethbridge Highway 25 ;