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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 4, 1975, Lethbridge, Alberta 22 THE LETHBPIPOE HERALD Saturday, January 4, 1975 Ottawa OTTAWA (CP) Hccoipts of slaughter cattle ami calves ut nine public- stockyards this week were- up from last week's holiday-season trading, the federal agriculture department said today. Feeder cattle and calves totalled 2.025. up Sheep and lamb receipts were up U50. Prices for A-l and A-2 steers in Toronto remained steady throughout the week under a moderate demand, A-l and A-2 heifer prices held steady under heavy to moderate trading. D-l and D-2 cow prices also were steady under active trading and a good demand for the light supply. Vealer calf prices were steady in ac- tive trading. In Western centres', open- ing and mid-week prices for A-t and A- 2 steers declined to between and under a narrow demand but recovered to between 75 cents and at closing under active trading. A-l and A-2 heifer prices declined to between and in opening trading; all centres except Saskatoon recovered 51 to S1.50 at closing under moderate to active trading. D-l and D-2 cow prices advanced in Winnipeg under good demand. Alberta centres were uneven with Calgary advancing 75 cents and Ed- monton declining 50 cents. FEEDER PHICES OFF Closing feeder prices .declined in Toronto in moderate demand, steers of more than 750 pounds lost and steer calvus 401 to 475 pounds dropped S3. All other classes sold at steady prices. In Edmonton, steers of more than 750 pounds fell in early trading under a moderate demand then recovered in later active trading. Good lamb prices in Toronto were SI to stronger under active trading for the light supplies. Edmonton reported steady prices under moderate trading. Index 100 hog prices declined S4.25 in opening trading in Toronto, but recovered 50 cents at closing. Win- nipeg prices dropped 52.15 and Saska- toon reported 50-cents gain. Alberta centres were uneven, Calgary reported Livestock closing prices 30 cents stronger and Kdmonton reporting a 00-cents ad- vance. YA1U) QUOTATIONS Slaughter cattle, steers A-l and A-2: Calgary 44 to 47; Edmonton 43 to 46; Saskatoon 43 to 46.25; Winnipeg 45 to Toronto 49 to 51. Heifers, A-l and A-2: Calgary 34 to 37.50; Edmonton 33 to 3fJ; Saskatoon 30 to 3ti; Winnipeg 38 to 40; Toronto 41 to 43. D-l and D-2 cows: Calgary 18 to 21; Edmonton 15 to 17; Saskatoon 18 to 20; Winnipeg 21 to 24; Toronto 21 to 23; Montreal 21 to 24. Slaughter calves, good and choice veal: Toronto 40 to 50; Montreal 55 to 70. Feeder steers more than 750 pounds: Edmonton 36 to 39; Saskatoon 36 to 41; Toronto 38 to 43. Feeder steer calves 401 to 575 pounds: Calgary 36 to43; Edmonton 35 to 40; Toronto 37 to 43. Good lambs: Calgary .18 to 39; Ed- monton 40; Toronto 45 to 48. Index 100 hogs dressed: Calgary 53.55; Edmonton 52.95 to Saska- toon 52.05 to 52.25, Winnipeg 52 .to 53.95; Toronto 57 to 60.40; Montreal 58.67. Perlich REGULAR CATTLE SALE Monday Sale at 11 a.m. REMEMBER HOG SALES EVERY WEDNESDAY We will be assembling Market Hogs tor the Marketing Board and sell Weaner and Feeder. Hogs at p.m. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL .CONTINUE EVERY MONDAY Don't be content to accept one offer at home, consign your live- stock to us, where you are guaranteed to have the Auction Ring tul! of Buyers to bid on your product. PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER-DAY OR NIGHT Auctioneer: Sales Manager GARYJENSEN JOHNNY CHARLTON Lie. 293 THE STOCKMAN'S MARKET HOGS SELL T ues.f at 1 p.m. Dairy Cows Baby Calves Sheep Special for Tues., Jan. 7 Top Quality Holstein Dairy Cows Market Hogs Shipped Daily Live Weight and Dressed Basis SPECIAL RANCHERS' CALF SALE 400 -HEAD -400 TOP QUALITY RANCH CALVES EVERY WEDNESDAY SCECIAL STOCK COW SALE FRI., JAN., 24th P.M. YEARLING FEEDER AND FAT CATTLE AND CALVES .Thursday-1p.m. 600-HEAD-600 YEARLINGS and MIXED CATTLE All Sales Conducted by PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southern Alberta's Livestock Industry 3 east ol on Highway 3 and Vt south BOX 1057, LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 Company License No. AUCTIONEERS: JOE PERLICH Lie. 010293 80S rULOG Lie. 087454 TONY PERLIUH Lie. 010292 Egg prices EDMONTON (CP) Weekly ejg and poultry report issued by tlie federal agriculture clt-partmenl: EGGS To producers: A large 73; A medium 70; A small 50; II 55; C 18; cracks 27. To retailers: A large U4 to 88; A medium 81 to 86; A small 61 to 69 (three eenls extra in To consumers (in A large 95 to 98; A medium 89 to 96; A small 75 to 82. POULTRY To producers: Live No. 1 chicken Broilers, 35; 6 and over. 5 and un- 'dcr 6. 34. Fowl: Under4.4 to6. Turkey: Under 12, 40; 12 to 18. 40; over 18 38'A. Live No. 2 chicken: 6 and over, 5 and under 6, 31. Turkey: Under 12, 37; 12 to 18, 37; over 18, 36Vn. Bonds GOVT OF CANADA BONDS There were 513 head of livestoek sold tills week at Perlich Bros. Auction Market Ltd. Receipts included 105 cattle and 408 hogs. There were very light receipts this week due to the holidays. Butcher cows and heilers rnet a good demand from local packer buyers. Price quotations as follows: SLAUGHTER CATTLE At and A2 heifers 35 to 38.85; Dl and D2 cows 19 to 21.90; D4 cows 12 to 18. REPLACEMENT CATTLE A few medium quality feeder steers (under 800 Ibs.) 34 to 35; plain quality heifer calves 20 to 23. HOGS, DAIRY CATTLE Market hogs (dressed weight) 52.55 to 54.70; good weaners 10 to 14.75. 8% 414% 3% PROV 8 Ont Man Alta BC BC Boll CP CU In Intl N C TrC TrC West Alta Con Sc West The Herald Business Winnipeg grain- WINNIPEG (CP) A weakening trend after mid-session depressed flax and most other grain prices by the close Friday on the Winnipeg Com- modity Exchange. Vancouver rapeseed, barley and oats managed to hold on to some gains in a trade that was generally dull. Except for Vancouver rapeseed, activity was confined to nearby contract months, Thursday's volume of trade was bushels of rapeseed, of flax, 188.000 of feed wheat, of barley, of oats, Of rye and nil of corn. Closing prices: Thunder Bay rapeseed: May un- changed 8.33N; July two cents higher 8.12B; Oct. unchanged 7.65MB. Vancouver rapeseed: Jan. 4% higher March 4'A higher 8.45'4B; June 814 higher S.291S; Sept. 15 higher 8.01A. Flax: May 16 lower 10.46B; July nine lower 10.00A; Oct. unchanged 9.60N. Feed wheat: May lower July unchanged 3.75N; Oct. unchanged 3.78N. Montreal corn: March unchanged 3.80; May unchanged 3.83B; July un- changed 3.69B. Barley: May IVz higher 3.00; July Vz higher 2.94VaB; Oct. unchanged 2.86N. Oats: May unchanged 1.89Vz; July 114 higher 1.85. Rye: May one lower July li lower 2.98A; Oct. unchanged 2.94N. Cash prices: Oats: 2 CW 1.94'A; EX 3 CW and IVWV EX 1 feed 1 feed 2 feed l.SBvi; 3 feed 1.8314; mixed 77.00 a ton. Barley: 1 CW 6 row 4.00; 1 CW 2 row 4.00; 2 CW 2 row 4.00; 2 CW 6 row 4.00: 1 feed 2.93; 2 feed 2.91; 3 feed 2.86. Rye: 1 and 2 CW 2.90; 3CW 2.85' 4 CW 2.72'A; ergoty Flax: 1 CW 10.86; 2 CW 9.99; 3 CW 8.46. Hapeseed Thunder Bay: No. 1 Cana- dian 8.05; No. 2 7.87. Corn Montreal: 2 yellow 2.72; 3 yellow 3.69. Feed wheat: 3 red spring 3.72Va; 3 utility 3.6414. Export wheat prices, Thunder Bay: 1 CW 13.5 net protein 6.09; 11.5 pet 5.75: 2 CW 13.5 pet 5.95; 11.5 pet 5.65; 3 CW 5.70; 1 Durum 7.66; 2 Durum 7.65; 3 Durum 7.59; 4 Durum 7.56; 5 Durum 6.07. Grain quotes Rapcsccd Thunder 'A Rapeseed 'i Corn Feed Chicago markets Treasury bills OTTAWA (CP) New 91-day treasury bills issued Thursday: million at an average price of 98.273 and an average yield of 7.05 per cent. Last week: million at average price of 98.274 and average yield of 7.12 per cent. 182-day: million at an average price of 36.657 and average yield of fi.94 per cent. Last week: million at average price of 96.642 and average yield of 6.97 per cent. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at p.m. Friday was up 7-50 at 50.99 9-50. Pound sterling was up 67-100 at ?2.32 23-25. In New York, the Canadian dollar was down 7-50 at 83-100. Pound sterling was up 7-20 at 17-20. Horsepower Heavy horses, once the short-haul power for British, industry, are rare now. London's Lord Mayor has to borrow horses for his ceremonial coach from a brew- ery. Many brewers deliver their beer with English Shires like these. Year-end rally gives best gain in months By SANDRA INGALSBE The Canadian Press The year-end rally that began slowly last week picked up steam this week, carrying stock markets to some of their best gains in three months. How- ever, trading was fairly quiet on Canadian exchanges. Analysts attributed the rise to a number of factors, including the removal of pressure from tax-loss selling. Many investors whose stocks were hard hit in 1974 sold the shares in December to establish losses for in- come tax purposes. Also contributing to market strength WANTED SCRAP IRON Now Paying Mora For All Types Of Scrap Metal Farm Industrial Anything Made of Ironl IRON Truck 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 centra of a large cattle feeding and hog raising country. CALF-FEEDER AND FAT CATTLE SALE WED, JAN. 8-1 P.M. 300-HEAD-300 HOG and DAIRY CATTLE SALE EVERY SATURDAY AT P.M. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY Trucking Branding Vaccinating Order Buying Government Veterinary Service Feeding Pens For Information jnd Listings Contact JIM or JOE JURIS Picture Butte Auction Butte, Alberta Auction market located 16 miles north of Lethbridge on Highway 25 722-4400 PICTURE BUTTE was re-investment of dividend and interest payments, which are usually larger at year-end than at other times. A brisk rally on Wall Street gave a boost to Canadian markets, but trading here was slower. Analysts say 'economic uncertainties and the lure of higher yields in fixed income in- vestments are stili keeping money out of the stock market. Toronto's industrial index, widely- based indicator of market trend, was up 5.34 to 159.98, largest weekly gain since the 14.11-point rise of Oct. 11 and highest close since Nov. 18. At Montreal, the industrial index gained 5.78 to I60.4B and the composite index 5.35 to 158.60. DOWJONES UP The new York market's Dow Jones industrial average closed the week at 634.46, up 32.31. Oil stocks followed the general market trend at Toronto, with the western oil index gaining 7.68 to 118.67. Gold shares were volatile, falling sharply early in the week, then recovering somewhat on Friday. On the week, the Toronto gold index was off 30.82 to 363.86. Gold ownership by U.S. citizens became legal this week for the first time in 40 years. Analysts said the drop in share values reflected, in part, the switch by some American in- vestors to bullion from gold stocks although there was little evidence of a rush to buy the metal. Bullion prices touched record levels Monday in anticipation of American buying but retreated later. Dealers said gold markets were also nervous in advance of the U.S. government's planned sale of two million ounces of gold Monday, Jan. Observers say gold shares are likely to remain unsettled until bullion markets adjust to the effects of American buying. Mining stocks at Toronto were generally higher this week, with the base metal index up 1.55 to 58.48. Three holidays during the last two weeks contributed to low volume and value on Canadian exchanges. At Toronto, volume this week was 5.56 million shares and value million compared with 4.64 million and last week. Volume on the Montreal exchange was 1.43 million for a value of million against 1.70 million and million last week. Both exchanges closed New Year's Day, and were open only two and one- half days the previous week. Alberta grain EDMONTON (ACN) Feed grain prices remained quite steady over the holiday period. Excellent weather and road conditions have helped both farmers and feeders. Prices unchanged in the Lethbridge area with wheat to oats -70 to and barley ?2.50 to S2.90. The Medicine Hat Brooks buyers quoting wheat to ?3.GO, oats to and barley 52.55 to The Calgary reporter advises wheat 1 S3.55 to oats to and barley to In and around Red Deer buyers bidding wheat S3.20 to oats to and barley to No change on quotations from Ver- milion with wheat to oats to and barley to The Edmonton and district quotations ,were wheat to oats to and barley to The Peace River area advises wheat oats to and barley to U.S. feed corn per bushel f.o.b. Calgary, per bushel f.o.b. Lethbridge. Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices: 3 CW red spring wheat No. I feed barley 3.00; No. 1 feed oats CHICAGO (AP) Strong selling pressure in the closing minutes sent all commodity futures lower on the Board of Trade Friday. Substantial gains in corn, soybeans, soybean oil and oats were wiped out by the selling. As prices tumbled downward, much stop-loss selling was evident. Wheat futures were down 11 cents a bushel, soybeans 10 cents, corn about four cents, and oats nearly three cents. Soybean oil changed little and soybean meal was down a ton. Prices were relatively firm to strong through most of the session after the buying pattern was set by commercial interests shortly after the opening. The support that developed later came from commission house brokers acting for the public and from local profes- sionals. Late in the session when the locals took profits, prices fell. Ad- ditional declines produced stop-loss orders. Early buying in wheat was associated with a report that Canada's wheat and Hour exports were lower this season. Profit-taking appeared to be the sell- ing motive initially. Gold futures took a loss within minutes after the opening, then recovered to about previous closing levels. As grains fell late in the ses- sion, gold prices eased an ounce. Live cattle futures declined a little over a hundredweight. The Fall in shell egg prices was attributed to poor retail sales and a reduction in fowl cullings. Live hog futures closed about steady to a shade lower. Early in the week selling was associated with weakness in grains, but later demand was linked with lighter receipts. A stable cash market and improvement in hog prices led to higher pork belly futures prices.. Corn, oats and commodities in the soybean complex advanced on incle- ment weather and its effect on move- ment and feeding of livestock. When trade had ended for the holi- day abbreviated week on Friday, Chicago wheat futures were down 3 to 8 cents a bushel lower, March Gulf wheat again did not trade; corn to cents higher, March oats unchanged to 4 cents higher, March 1.65'Xi and soybeans 1 cent lower to 12 higher, Jan. 7.00. Soybean oil 5 to 100 points, or about 1 cent a pound, higher, Jan. 36.90; and soybean meal 1.00 lower to 8.00 higher a ton. Jan. 137.50, Chicago grain quotations Friday: Wheat: Mar 4.4914; May 4.46; July 4.17; Sept 4.23; Dec 4.33. Corn: Mar May 3.45; July 3.43; Sept Dec Mar 2.97 Vb. Oats: Mar 1.65'A; May 1.64V4; July 1.59; Sept 1.54; Dec 1.59. Stocks close TORONTO Torontostock market was higher near the close of light trading Friday. Dome Pete rose 1 to Home Oil B 1 to Weldwood %.'to Gulf Oil Corp. K to and Stelco A V8 to Bowater Corp. fell 85 cents to Moore 'A to IU International JA to Pine Point Mines to and Giant Yellowknife 'A to VANCOUVER (CP) Prices were up on light trading Friday on the Van- couver Stock Exchange. Volume was shares. In the industrials, Canadian Javelin was up at on shares. Block Bros, was unchanged at on shares. Great Pacific Industries was up .10 at .50 on shares. Jolly Jumper was unchanged at .16 on shares. lonarc was unchanged at .14 and Kaiser Warrants was down .05 at S2.45. In the mines, Grandora was up .02 at .47 on shares. Consolidated Beaumont was up .04 at .18 on shares. Dalton was up at .15'A on shares.'Lagima was unchanged at .10'A cents on shares. Bathurst North Mines was up .03 at Seaforth was up .07 at .32. In the oils, Bison Petroleum was up .05 at on shares. August Petroleums was unchanged at .11 on 10.60G shares. Payette was up .01 at .17 on shares. Stampede was up .02 at .72 on shares. Delta Petroleums was unchanged at .10. Rand A was down .02 at .72. On the curb exchange, volume was shares. Spirit was unchanged at .02 on 19.000 shares. Mark V was up .16 at S1.05 on shares. Far East was down .02 at .30 on shares. Chatham was unchanged at .07 on 000 shares. Gentry was down one-half cent at .10. Highland Star was un- changed at .18. NEW YORK (AP) the stock market managed its third gain in a row Friday despite some periods of hesita- tion at the outset and again toward the close. The Dow Jones industrial average closed up 2.50 at 634.54. Among Canadian issues on the NYSE, Mclntyre rose 1'A to Campbell Red Lake I to Dome Mines to 545'A, Hiram Walker to and Alcan to Seagrams remained unchanged at while Inco fell W to Pictured above, left to right, are Mr. Dave Neufeld, Mr. Henry Krahn (President of Krahn Homes Ltd. and partner In Astro Realty Mrs. Alice Harm, Mr. Ben Reimer, (Business manager for Krahn Homes Ltd. and partner in Astro Realty Ltd.) and Mr. Elwood Sherman. Henry and Ben are presenting Dave, Alice and Elwood with their tickets for two to Hawaii, which they won in a 1974 sales contest. Dave won his ticket for selling the most new Krahn Homes in 1974, and Alice and Elwood won their tickets for having the largest sales and listings volume in the contest period. Congratulations to Elwood, Dave and Alice. If you are thinking of buying or selling property, contact: Astro Realty Insurance Ltd. Westminster Mall "Lethbridge's most progressive realtor" Phone 328-7748 ;