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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 22, 1975, Lethbridge, Alberta 28 THE LETHBRIDGE HERALD Saturday, February 22, 1975 Falling interest rates prove strong stimulant The Herald Business By SANDRA INGALSBE The Canadian I'ress Falling Interest rates again proved to be ii powerful stimulant to stock markets this week as major indicators overcame some early weakness to close ut their highest levels in six months. The lower trend in interest rates in Canada and in 'the United States has been largely responsible for the almost uninterrupted rally which began late In 1974. A great deal of money has been flow- ing back into the market which had been in fixed income investments. THE STOCKMAN'S MARKET HOGS SELL TUBS, at 1 p.m. Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Dressed Basis SPECIAL RANCHERS' CALF SALE Wed., Feb. 26-1p.m. 400 HEAD 400 TOP QUALITY RANCH CALVES EVERY WEDNESDAY YEARLING FEEDER AND FAT CATTLE AND CLAVES p.m. 500-HEAD YEARLINGS AND MIXED CATTLE Wood Ranching Ltd. Fri., Feb. 28-1 p.m. 66 Limousins 8-% Heifers (1974) 14-V: Heifers (1974) 18-Bred >h Blood 2 year old Heifers Bred Al to Esbrouffuer 26 Bred Va Blood 3-4 year old cows bred to Gibus CIM 170 LIMOUSIN DISPERSIAL Pregnancy examined, bangs herd. A top quality herd of modern producing cattle. Li Barge Meadow Ranch SELECTED HOLSTEIN SALE Sat., March 1.1 p.m. Including: 165 Selected Holsle.ns 120 1V: yaar old Heifers, due in May 45 Open Yearling Heifers These heifers were selected in Ontario (rom some of their top Dairy Herds, and were delivered to Southern Alberta in March 1974. Top Holstein bulls were selected from leading Southern Alberta dairies, and were turned out August All heifers were preg. tested and are safe in calf. Make plans to attend this sale and buy quality Holsteins. KANE SANDER CHAROLAIS PRODUCTION SALE Hon.. March p.m. 70 CHAROLAIS INCLUDING 29 Purebred 2 year old bulls', 6 Purebred yearling bulls, 25 bred 2 year old heifers, 10 bred yearling heifers. Majority of the females are or full bloods carrying the services of Alfalfa John and Champion, the entire sale ottering is by Bourgeois FMC 54. Bangs and T.B. tailed. A Quality Herd of Modern Charolais Cattlel GIGANTIC EQUIPMENT AUCTION SATURDAY, MARCH 22nd -11 a.m. _______LIST YOUR MACHINERY EARLY LETHBRIDQE if SPRING BULL SALE _ The Stockmen's source for top quality rancher and herd bulls. WED. AND THURS., APRIL 2nd and 3rd LETHBRIDBE EXHIBITION PAVILION 250 Hereford SO ANGUS 2 SHORTHORN Sponsored by the Southern Alberta Cattle Breeder.1 Association Management By PERLICH BROS. AUCTION MARKET LTD. FOR SALE NEW SELF FEEDERS HAY FEEDERS, GRAIN FEEDERS, BUNKS, LOADING CHUTES, etc. IF YOU ARE PLANNING A FARM SALE OR DISPERSAL SALE BOOK YOUR DATE NOW! ALL SALES CONDUCTED BY PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southarn Livestock Induttry 3 east of Lethbrkfge on Highway 3 and mlto south BOX 1057, LETHBRIDQE T1J 4A2 PHONE DAY OR NIGHT 329-3-fOI COMPANY LICINSI NO. 071409 -AUCTIONEERS- JOE PERLICH Lie. 010293 BOB BALOQ Lie. M74S4 TONY PERLICH Lie. This week, several major U.S. banks lowered their prime lending rates to per cent, and some analysts also expect Canadian chartered banks to further lower their prime rates. The prime rate, charged to banks' most creditworthy customers, Is an important signal to other rate trends, Despite a modest drop during the first three days of the week, the Toronto industrial index recovered shdrply to end at 187.32. up 2.18: The close was the highest since the 188.46 of July 29, 1974. At Montreal, the composite index rose two points to 188.11 and the in- dustrial index 1.27 to 190.25. And, at New York, the Dow Jones in- dustrial average climbed 15.56 to 749.76, highest since Aug, 13. Helping the New York market also were figures showing a growth in the money supply, which could help an economic recovery, and indications that the rate of inflation may be slowing. --Underscoring the strength of the year's rally is the fact that the Toronto industrial index has pined 30.57 points since Dec. 31. That is more than half the 56.92-point drop of 1974, largest yearly loss since the exchange began recording such changes in 1934. The swift rise in share prices has led many analysts to believe a substantial downward movement or correction is inevitable. However, markets so far have been able to weather the selling by profit- takers. Many investors have taken ad- vantage of the price dips to buy, fear1 ing they may be left out of the rally. Gold shares were volatile at Toronto this week. Strong gains at mid-week pushed the gold index Wednesday to 456.51, highest since Nov. 18, but a sharp decline later moderated the rise. The index closed at 445.03, up 8.35. Western oils ended the week at 166.12, up 1.90. The close Friday was the highest since Aug. 16 when it was 167.54. The base metal index was lower on the week, off .96 to Volume was moderate to active at Toronto this week with 11.72 million shares traded for a value of million, down from 12.17 million and million last week. At Montreal volume was 4.14 million compared with 3.86 million last week and value 37.92 million compared with million: Stocks close TORONTO (CP) The .Toronto slock market was higher near the close of active trading Friday. WCI Canada rose Hi to Royal Bank to Canadian Imperial Bank 1 to 128, Bank of Nova Scotia 'A to and Provincial Bank to S15. Relchhold fell 'A tolas, HollingerA 1 to Pamour li to Agnico- Eagle and Ranger V Ibs. now from Capons bull. 3 CMiniiu-SwIss Cross Heifir dins By Felro. 2 Tsranltlsi Angus Cross Brad Haifir Calves ilred by Alpin. 10 HwelordCows With 'A Slmmental Bull cal.m at side from Bar II Ueli. 6 Ueli ViSimnMlilYurling Bulls From Bar II Ueli. 2 Bulls Coming 2 yean (rom Ueli and Harald SOHuM-YurOUChiraltisCows Bred to Hereford built, Britisher breeding oulttanding set of cows in size and quality. 1Z Hud Bull Cilvis 51 Hlld COWS A.l.'d to Maine Aniou. 103 ftSlnmntilHiiNrCilm 30 BlickCows A.l.'d to Maine Anjou. 9 WMIiFictCows A.l.'d to Simrrwmal. Contact: JOHN CARPENTER rea Code 406-756-4050 for additional information. SSSon TERMS AND CONDITIONS: Offers will be taken on Parcel No. 1 First.' Parcel No. 2 will be offered 2nd. The owner reserves the right to accept or reject any or all offtft. Terms of Sale are CASH or CASH TO FARM. CREDIT CORPORATION Mortgage of M 8tt Interest, J5-yeer loan. a 10% depo.il is required at time of sale, balance to M paid within is day. Possession will be given after necessary payments have been made chase" completed or as arranged by the vendor and pur- Written bids will be accepted anytime prior to the sale. Any further conditions or changes will be announced al the sale and they will take precedence. Sale of fam equipment irrigation system and miscellaneous Items Is slated !or Saturday, April 5 at 11 a.m. Potential buyers are Invited to farm anytime prior to sale. AND MRS. LESLIE BOTTYAN I2.13M _ fnclwnt, Albert. _ Box 1154 PERLICH BROS. AUCTION MARKET LTD Located in the Hub of Southern "toTk Industry 3 mile, eett ol Ltftferidoe on Highway 1 tod MK 328-3101 Box 1057, COMPANY LlCime NO. 07148S -AUCTIOI PICTURE BUTTE AUCTION MARKET Idtally loeattd in ttw of ottlt fMding and hog raiting country. CALF-FEEDER AND FAT CATTLE SALE Wad., Feb. 16-1p.m. 300 -HEAD -300 ALL CLASSES OF CATTLE HOG and DAIRY CATTLE SALE EVER? SATURDAY AT P.M. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY JOE PfERLICH Lie. 0102M Lie. M74M TONY PMLICH Lie. Tnickidi flOVtYIMIMt BnMiNl VKdMllH Orfcr BiylRf FiWIif pun For Information ani' Liitingi Contact JIM or JOE JURIS Picture Bum Auction Butte, Alberta Auction market located 16 mlltl north of on Highway 25 732-4400 PICTUM IUTTE HtUULAR RIMIMBIR HOG SALES EVERY WEDNESDAY NO HOGS WILL BE SOLD MONDAYS nbUULAK t'ATTLK SALES WILL CONTINUE EVERY MONDAY i Buyers to bid on yo PRAIRIE LIVESTOCK LTD. MriONE J23-3M1, TABBH-OAV OB NIGHT JOHNNY CHARLTON ;