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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 18, 1975, Lethbridge, Alberta 26 THE'LETHBRIDGE HERALD Saturday, January 18, 1975 Market settles into holding pattern By SANIWA INGALSBti The Canadian Press Canadian stock markets ended their lonj; New Year's rally early this wei'k and sullied into a holding pattern, re- luctant to make decisive niuves in either direction. Prices gained a little on Monday, tlie lasl day of II! straight gains which moved market levels up about per cent. After lhat, trends were mixed, Ma- jor indexes, consisting of stocks that generally moved strongly ahead dur- ing the rally, dropped moderately as investors moved in to take profits. Stocks close TORONTO (CP) The Toronto stock market was lower near Hie close of moderate trading Friday. Algoma Steel fell to Hud- son's Bay Oil to Brascan A to Moore '-a to and Dome Mines IM; to Alberta Mlural Gas rose 1 loflSft, National Trust 1 to Mercantile Bank to Hcdpath A -Ik lo and TD Really K to MONTREAL (CP) Prices were mixed in light trading on the Montreal Stock Exchange Friday. Volume al the close 227.400 shares compared with 391.300 shares at the same time Thursday. Hanks rose 1.40 to 228.81. industrials .20 to 171.60 and the composite .Oli to 1IJ9.19. Utilities fell 1.03 to 128.75 and papers .07 to 101.85. Hudson's Bay Company rose to Stelco A to and Cana- dian Javelin to Bell Canada fell to and Bank Canadian National to Among speculative issues. Mclntyre Mines rose to on a volume of shares traded. VANCOUVER (CP) Prices were mixed in light trading on the Van- couver Stock Exchange Friday. Clos- ing volume was shares. In the industrials. Venture was down .01 at .34 on 15.500 shares. lonarc was down 02 at .15 on Canadian Javelin was up .25 at on Newmark was unchanged at .80 on KDP Industries was down .01 at .11. Canterra was unchanged at .15. In the mines. Orandora was up 10 at on 208.200 shares. Lornex Mining was unchanged at on 104.600. Daitun was up .02 at .24 on 60.500. Anglo-Bomarc was up .03 at on Hibernian was up .01 at .25. Comet was down .06 at .52. In (he oils. Seneca Developments was up .06 at .90 on 62.800 shares. Bison Petroleum was unchanged at on Monterey A was unchanged at .13 on Galveslon was tip .06 at on 11.500. Cop-Ex was unchanged at -.IS. Rand A was up .04 at .57. Volume on the curb exchange was 393.660 shares. Aeaplomo was un- changed at .14 on 25.500. Brent was up .01 at 25 on Decade was up at on 17.500. Spirit was up a half cent at .04 Vz nn 17.000. Consolidated Monarch was down .02 at .30- Mark V was up .08 at NEW YORK- (AP) Recession worries and profittaking pinned the slock market with its first substantial loss of the year in quiet trading Friday. THE STOCKMAN'S MARKET HOGS SELL Tues. at 1 p.m. Dairy Cows Baby Calves Sheep Special Tues., Jan., 21ot 130 Feeder Hogs from one owner 100 Weaner Hogs from one owner R. Verhoeven DAIRY DISPERSION January >Perlich Bros. Sales Pavilion p.m. (After Hog Sale) 76 HOLSTEINS 30 Holstein Cows. Majority are fresh recently or due by sale day. All are 2 to 5 years old. This is an outstanding herd of large top producing Holstein cows. 20 Bred 2 year old Holstein Heifers 6 Open yearling Heifers 20 Heifer and Bull calves OWNER: 0. VERHOEVEN PHONE 545-2683 or 545-2405 Market Hogs Shipped Daily Live Weight and Dressed Basis SPECIAL RANCHERS' CALF SALE Wed.. Jan. p.m. 300-HEAD-300 EVERY WEDNESDAY TOP QUALITY RANCH CALVES YEARLING f FEEDER AND FAT CATTLE AND CLAVES p.m. 600-HEAD-600 YEARLINGS AND MIXED CATTLE SPECIAL Stock Cow and Bred Heifer Salo Friday, Jan. 24th at p.m. On HEAD Various breeds of Bred Cows and Heifers, some of which are bred A1 to New Breeds Bulls. Listings invited. The Stockmen's source for lop quality rancher and herd bulls. WED. AND THURS, APRIL 2nd and 3rd LETHBRID6E EXHIBITION PAVILION HEREFORD ANGUS SHORTHORN Sponsored by the Southern Alberta Cattle Breeden' Association Sales Mjnagement By PERLICH BROS. AUCTION MARKET LTD. ALL SALES CONDUCTED BY PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southern Alberta's Livestock Industry 3 east of Lethbridge on Highway 3 and mile soulh BOX 1057, LETHBRIDGE T1J 4A2 PHONE DAY OR NIGHT 329-3101 COMPANY LICINSI NO. 071465 -AUCTIONEERS- JOE PERLICH LrC. 010293 BOB 8ALOG Lie. 067454 TONY PERLICH Lie. 010292 However, buying was apparent in other areas as advances continued to outnumber declines; for most of. the week. Al Toronto, the industrial index end- ed al off 1.25. after gaining more lhan IB points since Christmas Eve. The index Monday toucl.cU a high since Aug. Western oils, which hud led the rally, dropped 5.30 to 134.57 this week and ba.se metals .82 to 61.10. Al Montreal, the industrial index fell Ml lo I71.lt; and the index 1.20 to LKB.70. Analysts said declining interest rail's are continuing to be a positive influence on the market. Short-term rates, which tiave provided stiff com- petition for funds, have fallen rapidly. Major chartered banks this week lowered their prime rates to per cent from 11 per cent and several U.S. banks dropped their rates to Wi per cent, the first decline below 10 per cent in months. The prime rate, that charged to the bank's most credit-worthy customers, generally signals other lending rate changes. Lower rates may make it easier for corporations to finance spending plans, analysts say. The New York market fluctuated this week, dropping fairly sharply on Friday. The Dow Jones industrial average dropped 14.16 to 644.63. Analysts said some buying was initiated by President Gerald Ford's proposed tax cuts but said there was still confusion about what final form the anti-recession, energy-saving measures would take. Gold shares were lower at Toronto this week, reflecting the decline in bullion prices. The gold index closed at 355.21. off 33.29. Volume at Toronto this week was 10.22 million shares compared with 11.15 million last week. Value was million compared with million. At Montreal, 2.62 million shares were traded for a value of million, compared with 2.58 million and million. Alberta grain EDMONTON (ACN) The Alberta Grain Commission in its weekly report Friday said except for noticeably stronger feed grain prices in the Peace River area, fluctuations continue nor- mally. In and around Lethbridge district, buyers bidding wheat 93.50 to J3.65, oats to and barley to S2.90. Medicine Hat Brooks prices quoted as wheat to oats to and barley to The Calgary area advises wheat lo oats to and barley to From Red Deer and district bids are as follows: wheat oats to and barley to The Vermilion reporter quoted wheat to oats to and barley to Edmonton and district prices re- main unchanged with wheat to oats to and barley to All grains higher in the Peace River area with wheat oats to and barley to U.S. feed corn per bushel f.o.b. Calgary. per bushel f.o.b. Lethbridge. Vancouver cash rapeseed ranged up lo per bushel. BILLGROENEN photo Pigeonholes Looking a bit like a honeycomb, or a collection of pigeonholes at this stage, the concrete framework of the office tower of the Lethbridge Centre develop- ment rises above the construction site, already dom- inating the Lethbridge skyline in its unfinished state. The Herald---------------------------- Ottawa Business Winnipeg grain WINNIPEG (CP) Prices con tinued to plunge in moderate activity Friday on the Winnipeg Commodity Exchange. Oilseeds, feed wheat, corn, barley and rye ail were down the daily limit almost without exception. Thursday's volume of trade was 000 bushels of feed wheat, of oats, of barley, of rye, of flax, of rapeseed and nil of corn. Closing prices: Thunder Bay rapeseed: May 20 lower 7.16A; July 20 lower 7.10A; Oct. 20 lower 6.92A; Nov. 47 lower 6.69A. Vancouver rapeseed: Jan. 20 lower Mar. 20 lower June 20 lower 7.14A; Sep: 45 lower 6.69A. Flax: May 30 lower 8.40A; July 30 lower 8.25A; Oct. 25 lower 8.20A; Nov. 20 lower 8.10A. Feed'wheat: May 10 lower 3.72A: July 10 lower 3.70A; Oct. seven lower 3.75A. Corn: Mar. 10 lower 3.80B; May eight lower 3.70A; July two lower 3.65A. Barley: May 10 lower July 10 lower Oct. unchanged 2.80A. Oats: May 4M; lower 1.90; .July four lower 1.85A: Oct. two lower 1.83A. Rye: May 15 lower 2.72'AA; July 15 lower 2.68A: Oct. 15 lower 2.64A. Export wheat prices, Thunder Bay: 1 cw 13.5 pet protein 5.70: 11.5 pet 5.36: 2 cw 13.5 pet 5.56; 11.5 ucl 5.26; 3 cw 5.31; 1 durum 7.67; 2 durum 7.66; 3 durum 7.60; 4 durum 7.57. Grain quotes Friday (basis High Low Close Flax May 840 Jly 825 Ocl 820 Nov 810 Rapeseed Thunder Bay May 716 Jly 710. ASSISTANT SUPERINTENDENT The Willow Creek School Division No. 28 invites ap- plications for the posjtion of Assistant Superintendent of Schools with duties to commence September 2, 1975. (A job description is available upon Enrollment: Teachers: 172. Please provide the following: a) An annotated description of all graduate courses taken as well as university transcript b) The nature of administrative experience, cj The salary expected. d) Professional references. Applications should be postmarked prior to March 1, 1975. Applications may be sent to: Dr. A.R. MacLeod, Superintendent Willow Creek School Division No. 28 Box 1088, Claresholm, Alberta Ocl Nov Rapeseed Vancouver Jan Mar Jun Spt Rye May Jly Oct Barley May 288'A Jly Ocl Oats May Jly' Oct Corn (basis Montreal) Mar May Jly Feed Whcal May 375JA 372 Jly Oct 692 669 733-11 725% 714 694 272 "A 268 264 19H 189'4 360 370 372 370 375 PICTURE BUTTE AUCTION MARKET Idially Iwartd In c.ntr. of lirg north et LtlhbrMgo on Highway 25 l-nona 732-4400 PICTURE BUTTS Egg prices EDMONTON (CP) Weekly egg report issued by the federal agriculture department. EGGS: To producers: A large 73: A medium 70: A small 50; B 55; C 18; cracks 27. To retailers: A large 84 to 8H; A medium 81 to 86; A small 61 to 69. To consumers (in A large 97 to 99: A medium 85 to 93; A small 79 to 82. POULTRY: Live No! I chicken Broilers, 35; 6 and over 40Vi; 5 and under 6, 34. Fowl-Under 4, 4 to 6. Under to 18.40; over 18, Live No. 2 chicken 6 and over 36Vi: 5 and under 6. 31. Turkey Under 12, 37; 12 lo 18, ,17: over 18. 36Va. OTTAWA (CP) Sales of slaughter cattle and calves fell by more than 10 per cent at nine public stockyards this week after a dramatic increase last week, agriculture department figures showed Friday. Slaughter cattle and calf sales totall- ed 22.575 head, down from last week when sales hit 25.500, more than double the previous week's total, nor- mal after a Christmas slump: Feeder cattle and calf sales con- tinued to rise, up by 750 over last week to head. Sheep and lamb sales were up by 225 to Veal calf sales, because of limited demand, were steady throughout the week although prices did drop Low- grade heifer prices were steady despite an early drop in Calgary and low-grade cows, generally used for hamburger, declined in most centres between 50 cents and because of reduced demand. TORONTO There was uneven demand for top- grade steers, but early price sags of up to SI were regained by mid-week because of strong trading for the limited number available. Low-quality cows lost because of occasionally dull trading. Feeder prices declined with steers weighing more than 750 pounds losing S6 a hundredweight and steer calves between 401 and 575 pounds losing to Prices for good lambs declined by to 59 early in the week while top- quality hogs recovered from last week's price decline by gaining by the middle of the week and near the end. WEST Lasses of 50 cents to a hundredweight for top-quality steers were reported at some stockyards while low-grade heifer sales, under ac- tive trading, were generally steady throughout the week although there was an opening loss of S2 in Calgary, Alberta yards reported uneven prices for steers over 750 pounds and heifers over 550'pounds; early gains were offset by mid-week losses. Saskatoon continued to show steady prices for all classes while Edmonton reported a 51 decline for steer calves 401 to 575 pounds and other calves 401 to 550 pounds. Lamb prices at Edmonton increased by ?l. Top-grade hog prices were uneven at Winnipeg, which reported a net gain of Saskatchewan dropped by 40 cents while Alberta centres, opening lower than last week, remained steady. SUMMARY Slaughter cattle, steers A-l and A-2; Calgary 41 to 43.50; Edmonton 38 to 41; .Saskatoon 41.25 to 44; Winnipeg 43 To 45: Toronto 47 to 49; Montreal 47.25. Heifers, A-l and A-2: Calgary 35 to 38; Edmonton 32 to34.50; Saskatoon 33 to 36.50: Winnipeg 35 to 37.50; Toronto 38 to 42. D-l and D-2 cows; Calgary 16.50 to 19; Edmonton 15 to 16.50; Saskatoon 17.50 to 18.75: Winnipeg 18 to 20; Toronto 19 to 22; Montreal 19 to 23. Slaughter calves, good and choice veal: Saskatoon 42; Winnipeg 55 to 70; Toronto 34 to 42; Montreal 47 to 59.50. Feeder steers more than 750 pounds: Calgary 36 to 39; Edmonton 35 to 38; Saskatoon 34 to 38.75; Winnipeg 33 to 36: Toronto 32 to 37. Feeder steer calves 401 to 575 pounds: Calgary 30 to 36.50; Edmonton 30 to 35; Saskatoon 26.50 to 35; Win- nipeg 30 to 34; Toronto 28 to 36. Good lambs: Calgary 38 to 39; Ed- monton 35 to 41; Toronto 47 to 57. Index 100 hogs dressed: Calgary 51.20 to 52.40: Edmonton51.70 to51.80; WANTED SCRAP IRON Now Paying More For All Types Of Scrap Metal Farm Trucks Industrial Demolition Anything Made of Iron! CAST IRON Truck Truck ScdM-MifiwI Crana National Salvage Company LIMITED NEW LOCATION Street North Phone 328-1 721 "Scrip is Our Business" Livestock Saskatoon 50.15 lo 50.60; Winnipeg 50 [o 53.10; Toronto 54.55 lo 57.50; Montreal 54.25 to 54.96. Perlich There were head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 555 cat- tle and 733 hogs. Cattle market met a strung demand from local feeder and order buyers. Prices generally in line with last week's trade on most classes. Price quotations as follows: SLAUGHTER CATTLE Al and A2 heifers 37.00 to 37.60. DI and D2 cows 18.00 to 22.00. D4 cows 12.00 to 17.50. Bologna bulls 17.00 to 20.00. REPLACEMENT CATTLE Steer .calves 250 to 400 Ibs. 25.00 to Steer calves 400 to 500 Ibs. 33.00 to 35.50. Steer calves Over 500 Ibs. 32.00 to 35.00. Plain quality steer calves all weights 26.00 to 31.50. Feeder steers under BOO Ibs. 35.00 to 38.00. Feeder steers over 800 Ibs. 36.50 to 38.10. Holstein steers 19.00 to 20.50. Heifer calves 250 to 400 Ibs. 15.00 to 22.00. Heifer calves 400 to500 Ibs. 24.00 to 28.00. Heifer calves over 500 Ibs. 23.00 to 26.00. Feeder heifers 27.00 to 31.25. Feeder cows 15.00 to 19.00. HOGS AND DAIRY CATTLE Market hogs dressed weight 51.40 to 52.05. Good weaners 16.50 to 30.00. Light weaners 9.00 to 14.00. Feeders over 100 Ibs. 38.00 to 54.00. Bred sows and gilts 75.00 to 110.00. Milk cows 260.00 to 400.00. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds closed Friday down 7-50 at 50.99 2-25. Pound sterling was down 11-25 at 11 50. In New York, the Canadian dollar was up 7-50 al 93-100. Pound sterl- ing was down 11-100 at 39-100. Chicago markets CHICAGO (AP) Nearly all com- modity futures traded on the major United Stales exchanges declined this last week. Losses were heaviest among farm commodity futures. Metals futures, in- cluding gold, silver and copper, also fell. Several factors strongly influenced liquidation of futures. The gloomy out- look of the U.S. economy as portrayed by President Ford contributed to the selling effort. The Soviet Union decid- ed to scrap a trade agreement with the U.S. which was hoped to have set a pattern for greater exports of farm products. When trade ended for the week Friday, wheat futures were 2414 to 40'A cents a bushel lower, March 3.B4; corn was to 21Vi lower, March 3.20'A; oats were to 12 lower, March 1.55 and soybeans were down 65Va to 79'A cents. January 6.01. Soybean oil iost 265 to points, or nearly six cents a pound, January 29.75 and soybean meal declined 15.50 to 21.30, January 115 .50. Gold futures declined to on the U.S. exchanges. Daily price movements were generally geared to the price of gold at the cash Europe's principal markets. Trade was very light in futures, however. As grain futures moved lower, farm commodity futures on the Chicago mercantile exchange also fell. Pork bellies lost nearly 700 points, or about seven cents a pound, while live hog futures were down a hundredweight and live cattle futures lost nearly a hundredweight. Shell eggs also shared in the general li- quidation, falling 335 points. World sugar contracts gained about two cents a pound for the week, mov- ing alone into higher price ranges. De- mand improved during the week for these futures, but trade was not too heavy. Grain quotations Friday; Wheat: Mar 3.84; May Jul Sep 3.76; Dec 3.86. Corn: Mar 3.20W; May 3.22V.; Jul 3.21 Vi: Sep Dec Mar Oats: Mar 1.55; May 1.52; Jul Sep 1.42; Dec INSTALLATION FURNACES 1709-2nd Avt. S. Phone 328-5973 REGULAR CATTLE SALE Regular Monday Sale at 11 a.m. REMEMBER HOG SALES EVERY WEDNESDAY Wt will MMftibllng Mwktl Hep tor tin Mirktting Boird ind Htt iixf FMdcr. Hogs (tliOO p.m. NO HOGS WILL BE SOLD MONDAYS Pick your dm now for your Spring Firm Silo Whilo choiw Situ ire ivillibli. REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY I Don't be content to accept one offer al home, consign your live- stock to us. where you are guaranteed to have (he Auction Ring ffull of Buyers lo bid on your product. PRAIRIE LIVESTOCK LTD. PHONE 223-3921. TAPER-DAY OR NIQHT Auettormv: laOHNNVCHARLTON ;