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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 25, 1973, Lethbridge, Alberta THuridoy, January IS, THE LETHBRIDCE HERALD 17 Market records sharp losses TORONTO (CP) Following the pattern set in Wednesday's session, prices on the Toronto slock market recorded sharp losses in moderate mid-morning trading today. The industrial index, consid- ered a major indicator of mar- ket trends, was down .71 to 222.99. base metals .10 to 93.65 aJid western oils 2.48 10 280.30. Golds were up .01 to 209.47. Volume by 11 a.m. was DOO shares compared with 000 traded by the ssme time Wednesday. Bank, oil refining, food proc- e s s i n s and communication stocks were among sectors o! the market showing losses. Bev- erage, cnemical and construc- tion and material issues moved up. Declines held a v.ide margin over advances. 133 to while S03 issues remairsd unchanged. Falconbricge Nickel fell to Noranda Mines 3i to Whalen denies report H54. Crown Life 4 to S66H. Canadian Imperial Bank H to 530 Ts and Peoples Department Stores :s to Orlando Really rose ?j to Stafford Food 20 cents lo S3.50. Murritt Photofax 10 cents lo S4.30. Union Gas "i to S12'-5 and Texas Gulf to Sherritt Gordon lost ]k to S16 while Tara Exploration climbed to SASKATOON fCPi Federal Agriculture Minister Eugene Whalen has denied that he ever asked western farmers to plant 30 million acres of wheat in 1973. He said in an interview that statements made during and af ler his first house of Com- mons speach Jan. 16 were mis- understood acd misrepresented by the media. "At no time did I suggest we s'nould move away from livestock, production. At r.o time did I suggest we should pro- duce more wheat at the expense oi feed grains. I we should piirETjiee feed grain produc- tion." LL- Whalen said that during questioning by newsmen out- side the House Jan. is he men- tioned that "someone had expressed the opirion farmers m.ght grow 30 million acres or wheat." "I think the 30 miHiori figure came from T. Bowden. president of the Saskatchewan Federation of Agriculture. He expressed the fear rrughr grow wheat st the expense of feed Mr. said he was con- fident farmers could increase 1973 wheat prcxiuc-.ion increasing seeded acreage ''We can increase production as tag as prices are there, not only in Lhe west but in all of C-mada He said acute shortages esist in world protein rjrp'jes and he is encouragu'.g b.creased rapesecd soybean produc- tion. MONTREAL fCPi Al! sec- tc-r? except utilities declined in moderate trading on the Mon- treal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.irL was 463.600 compared with 350.600 at the same time Wednesday. Industrials dropped 1.37 to 2i''.73. banks 1.09 to 270.53. the composite .97 to 232.80 and pa- pers .31 to 10S.M while utilities gained .41 to 161.40. On the Montreal Stock Ex- change. Credit Fonder dropped 1 lo S106. Falconhridse Nickel 1 to and Peoples Stores 7S to while Asbestos gained to On the Canadian Stock Ex- change. Fallinger dropped 15 cents to on 33.440 shares. XEW YORK STOCKS NEW YORK STOCKS CLOS- ED TODAY. TORONTO AVERAGES 20 Industrials 222 56 off 1.14 20 Golds 209.93 up .49 10 Base metals 95.63 off .OS 15 Wesiern Oik 276.4S off 4.30 Volume 1.215.000 Grain prices Winnipeg Grain WINNIPEG (CP) Led by oilseeds, all commodities ad- vanced substantially in active trading at mid-session on the Winnipeg Commodity Exchange today. Flax and rapeseed all were up to the 10-cent trading limit, rye and oats registered gains of more than seven cents, and bar- ley was more than four cents higher. Wednesday's volume of trade was bushels of flax, TCO.OOO of rapeseed and o.' rye. Mid-session prices: Flax: May 10-hieiier 4.60HB: Jul" 10 higher -U1HB: Oct. 10 hiaher 4.29'-jB; Nov. 10 higher 1 Rapeseed Vancouver: Jan. 10 higher 3.91B; March 10 higher 3.90B: June 10 hiffher 3.B3B: Sep. 10 hieher 3.7BB: Nov. 10 j higher 3.-56B. Rapeseed Thunder Bay: May 10 higher July 10 high- i er Oct. 10 higher 3.45 :4B. Nov. 10 higher Oats: May higher 1.15B: July 73s higher 1.14A; Oct. 4 j higher 1.06B. Barley: May 44 higher 1.55'5: July 4H higher Uo'sB: Oct. 44 higher Rye: May 8 higher 1.88A: July 71. higher 1.76'i; Oct. 74 i higher Grain quotes Wednesday (ba-: sis High Low Close Flax May 4501; 443 4504 Jly" 4311? 423 4314 Oct 4194 413 4194 Xov 391 Rapeseed Vancouver Jan 381 378 3S1 Mar 3SO 374 ISO Jun 373 365 "s 373 Sc-p 366 .Nov 346 346 Rapeseed Thunder Bay Toronto mines, industrials (Supplied By Hictartoii SecarlUes of Canada) Ulti f nrn no cm n- I i.m. f.m. i.m. Oucleil Advocals Cdn Lafces Oil Can N W Caul a Cenlral Cor.E. 75 1.25 Do-T-e in 37' '-5 DlECEvtry oo Ecsr First B, Giar.t "JVi 75 LEW r CD Hydrs Ircn eel cf 3714 SO V-'.'J. Gas 25 Lake Malarlc New of Alberta vegetables By ILERALD STAFF WRITER I was advocated Wednesday by vegetables to grew. TABER of Al- the Alberta branch of the Con- She said the Consumers As- berta-grown vegetables lo ben- sinners Association of Canada, i socdation of Canada is opposed j efit producers and consumers Frances Scbultz of Monarch. I to marketing boards which con- j a member of Lhe provincial. trol the market by limiting pro- CAC board, told the Alberta yv -j t Agricultural Products Market- I ing Council two changes could j be made Lo aid consumers in! J choosing Alberta-grown prod- 1 ucts. I She said the country origin quotas in the vegetable indus- fl 71 ft W 'snould shown on all import-; said ed produce. "It is mandatory we do favor the KG- J. i on canned goods BOW why B; a marketing corn- not on mission whose role is the pro- 1 f Sbe also advocated the de- o[ We be- ft ft 11 Q'Pft a to idem- lhere a for Alberta-grown produce. This on your would act as an incentive to a need WINNIPEG (CP) The Ca- continued access to the con- sumer duction through quotas end price setting. "Considering the difference between domestic production and consumption In Alberta, there should be no need to U53 rims NrrEaaa Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied bv Doherty. McCaaig Limited) L.4ST BID OR SALE Mav Jiy Oct Ncn- Oals Jly' II Oct Barley 107-s 333 330 197 151 LIVESTOCK REPORT Oct Rvi Jly" Oct 169 163Ts 339-4 1CI7H IOG'3 102 ISO 169 163Ts WESTERN OILS AND SMNES Al-3 Esr 5 0 trd C- ll B-sria- ''.' Cd.- Cdr, EX30-: 'G" e-i 0 Hud 55V .-5 Ct-rt.- Lev Cur'es) HS :7 nounced cosnges ii3 the delivery cruotas to enable dcmestic cribbing plants to rf> additional rapeseed s-jp- p'Jes. The changes, effective imme- distely. include sri increase o: 15 bushels a quota acre ia the regular quota ivhich can be used for mick to Producers advantage of this eirtra quota on Lhe basis of quota acres aire-ady assisned for de- iivery to co'jr.try elevators. Tre ether change is an crease oi five busheb a for detveries based on acreage r.ow assigned to domes- lie crashing plants. This in- the rapeseed quota to ;ro3 20 per quota press their preference for Al- beria-groOTi product, she saiS. KxillOslOn "You have a product thai is J- essential for good nutrition as Tvell as adding interest and en- joyment to our meals." she said. consumers knew is available. Ii your produce is better, they will create a de- mand for it." She said another concern o: the consumers is the present system doesn't relate grade to flavor. at N i'.lv-.- C D Feed yard damaged VALTHALL ?ro- cessLr.g has hal'ed for 21 leas; three months following an exD-osion in a drier here. Officials toity are assessing damage '.ri L'P.-? 3'3-foot by 15-foo: She said producers should be steel drier belosging io Vaux- careru! about the term "local hall Foods L'd grown'' as applied to their product. She said in most cases the term should be used to cre- ate incentive for better produc- tion. But this term ess be abused too. At times, wholesalers ar- range io buy grade pro- Plant manager LSITJ Jorgen- today -'there were rn-o CMp'.ssions. one in the There no sign o: any b the furnace, said L'- Sz1.' E t. CALGARY in in iire Calgary livestock PIPELINE STOCKS Mr' N "sr'i C C- S' e-d C C- 3 C-" C'l .VC'T CALGARY (CPi Receipts to li a.m. at the Calgary Pub- lic Stockyards show sales of 1.103 head, mostly slaughter cattle with a fsir number of steers and heifers on offer. Trade was active. Slaughter steers sold fully steady, with one package aver- aging 1.100 pounds selling at 40.SC'. Heifers were 25 to 50 lower. Cows were mainly in the grades with all grades selling steady. Bulls steady. Steers A 1 and 2 39.75 to 40.60, A 3 3S.50 to 39.75. Heifers A 1 and 2 SS io 37.50. A 3 35 to 36. Cows Dl and 2 25.25 io 27. D3 24 to 25. D4 20.50 to 23.75. Gtfod bulls S to 32 Replacement cattle wore scarce, being mainly two-way steers and heifers, selling at steady prices. There were no stock calves on offer early. Good feeder steers over 750 pounds 39 to 42. Good feeder heifers 34 lo 37. Good stock and feeder cows 23 to 2S. Three were ne hogs reported sold f.o.b. Calgary to 11 am. A few lambs sold steady Tues- day. Good lambs 25.50. i WSST MTSCELUNEOUS i INDUSTRIALS L'd I 53 1 C S.-cs-d F'd 50 IHCL'STRlit! ncrease CALGARY (CPi Sales at the Calgary public stockyards in 1972 showed an 8.3-per-cent increase in value despite a 4- per cent decrease in volume. The Calgary livestock mar- ket's annual report indicates that 256.841 head of cattle and calves were sold last year for an estimated S74.359.747 com- pared with 267.392 head sold in 1971 for S6S.637.770. Monthly averace prices for Cut-rate gasoline stations supported CARDSTOX 'rIN'S1 crfsed extensive carnage to the KerrJr.gtcn Brothers feed Ysri or. tr.e east ot town It rrcke P..: at about 9 p.m. ir. the uii. Br-th fire tucks were on the sce.-.e. All firefign'.ers respond- ed. were able to to a fire on the east edge of town. abo-Jt one- hsi: a nije away irora the scer.e. I: Ermding and mix- ir.: equir-mer.t. A wooden quon- set h'j: fti'J of tractor and roc-is on cuonser buiidines vere lost n the blare. No cattle was lost. Firefighters slid it was ex- tremely dL'ficult to control the :ire irj the brisk wind. No estiaista of damage was 15 high, 15 feet ar.d" TiO feet long, it was KC--TJ apparently by a cuce which is passed of; hy the gas explosion. Tne retailer as local Tne to dry wilted, damaged produce gives granges, is heated ty an ex- Lhe lerni "local a bsd gas furnace. image. Mrs. Schultz said oamagec potatoes and product "dark spo'.5 inside of them" are no'. it ail conducive io increased consuraptior.. She impjed that more quality produc; rnus: be left on the local scene Although tbe formatim of r> is one soludon to the expansive problem oi storare and packaging. Mrs. Sciiui'.i said CAC is concerned ihat farmers be free to decide wha; em- uilt in the piant s X' o: be kc-p: a: nork cleaning buiidng anr] doing re- C.UXJ.ASY (CPi Oil co-tirir.g co: }any ard provincial govern- senice slaughtered steers and heifers ment spokesmen disagree with m-re M.R5 to W.75 lueher per complaints that cut-rale gaso- line outlets are hurtnsr regular service station operators Archie Diclsor.. rice pres- '.dcn; of Lhe Automotive Retail-; cosverting sen ice s: H s Association of Alberta, said fo-s into bars. earlier this week that self-serve gzsoline bars compari.v- >wned economy outlets would re- cut in iprj than the previous year. Slaughtered cow prices rose by an average of K.SQ per cut. The estimated total value of stockyard and plant receipts for 197; was fl54.SS5.5Sl. the hicbest recorded. Steers ard feeders led the banknrpt stations offering percentage of cartle sales for hicle vdil he said. Join G. manager o: SiieL's'erri ci- said rjs yet to be proven to me that we have interfered the other service station Gold futures WINNIPEG CP'' Gold fu- tures, U.S. fiLics per ounce. Conurjodity Exchsnee Hog prices EDMONTON fCP' Aver- age prices to 11 a.m. provided bv ;he Alberta Hog Producers Marketing Board: Edmonton: 41.45, average Wednesday 42.37. Red Deer: 41.40. average Wednesday 41.79. Calgary: 41.S5, average Wed- nesday 42.13. Lethb-idge: ail, sverace Wednesday" 42.15. Lloydminster: Nil. average Wednesday 42.15. Grande Prairie: Nil. are.-- Wednesday 41.7S. Fort Macleod: Nil, aver- Wedresday hogs sold El. total sold 5.530. average J7. To-ill sows sold 23, averagc- tan- at this stags h'-.v we'll be back ia .Torgenson. "The rrurinr.'jm rime ii iriil Isie '.o get vhe crier repaired will be three Tne Mir rabed one bed crier, tore o'j: a 40-foo; section of :he roof and Kew out part c; c were close.1' Mr. was hurt. I; is being investi- gated. We don': have a clue ES to what caused roods Ltd. Is asso- ciated with Pak Wei Prodoce, a Errower-0'.vned. fresh packanng plant. Preferred Finance Corporation Ltd. M160, Calnory Ploce, 345