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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 4, 1970, Lethbridge, Alberta foturdoY, July 4, 1970 THE IHHBRIDGf HERALD 19 Ottawa Weekly Livestock Report OTTAWA (CP) Cattle de- liveries at the 10 public stock- yards from Monday to Thurs- day this week dropped sharply to from last week as a result of Wednesday's holi- day. The quality of the slaughter cattle offered was generally good and trade active to un- even with tower receipts. Choice and good carcasses graded accounted for about two-thirds of total slaughter un- der inspection. Exports of feeder cattle to the U.S. totalled only 33 head last week compared with 362 head a the same time a year ago. To date this year the total movement of feeder cattle at only head is starply be- low last year's movement of head. The lower movement cf feed- ers to the U.S. is largely due to the strong domestic demand for feed lot replacements along with the fact that beef heifers are being retained in breeding herds for expansion purposes. As in the previous weeks the replacement cattle market showed a wide difference' in weight and quality. Good feed- er steers at Toronto and Win- nipeg remained unchanged from the previous week at to and to respective- ly In Alberta, Calgary gained just 20 cents at to but Edmoton at to closed lower. Good stock steer calves ait Winnipeg showed lit- tle change from previous weeks at to about Edmonton remained at tc aiid Saskatoon also closec at a high of with a low of Most western markets ted insufficient offerings o- good calves which prevented the1 market becoming establish- ed and this was reflected in part by the holiday in mid' week. The calf market was uneven across the country this week An active demand prevailed a Toronto at to compared with to last week. Ed monton at to was also lower compared wih to 5f the week before. The market reflected insuffi dent receipts to establish an active demand. Choice steers: Montreal 31.7 to 32.50; Toronto 31 to 32; Win nipeg 31 to 32; Saskatoon 29.2 to 30.50; Edmonton 28.50 to 29 Calgary 28.25 to 30.60. Good heifers: Montreal 26 t Toronto 27.50 to 28.50; Winnipeg 26.50 to 27.50; Sas- katoon 25.50 to 26.40; Edmon- on 25.50 to 26; Calgary 25 to 26.75. Good cows: Montreal 23 to 25.25; Toronto 23.50 to 24.50; Winnipeg 23 to 24; Saskatoon 22 o 23; Edmonton 21 to 22; Cal- gary 21 to 22.10. Good feeder steers: Toronto 33 to 37; Winnipeg 30 to 36; Saskatoon 28.75 to 34; Edmon- on 28 to 36; Caigary 29 to 33.20. Gcod and choice veal calves: Montreal 41 to 44; Toronto 34 o 53; Winnipeg 45 to 50; Sas- katoon 35.25 to 38.50; Edmonton 40 to 45. Good lambs: Toronto 34 to 42; Winnipeg 27.50 to 30; Oal- gary 24.50. Basic hogs: Montreal 29.50 to 31; Toronto 31.45 to 32.90; Win- nipeg 28 to 28.80; Saskatoon 2705 to 27.50; Edmonton 27.8; to 28.90; Calgary 27.85 to 28.75, Perlich Livestock There were 319 head of live- stock sold at Perlich Bros. Auc- tion Market Ltd. this week. Receipts included 112 cattle and 207 hogs. Prices were gen- erally stronger on all classes of cattle. Butcher cattle met good demand from local am U.S. buyers. Price quotations were as follows: SLAUGHTER CATTLE Good to choice steers 29 t( 29.80. Good to choice heifers 27 to 27.70. God cows 21.50 to 22.50; medium 20 to 21.00; can ners and cutters 16 to 19.50 Bulls 25 to 25.25; grain fed lightweight bulls higher. REPLACEMENT CATTLE 750 to Ib. steers of me dium quality 29 to 31.25; GOO t 750 Ib. steers 31 to 33.30; light weight grass steers 35 to 41.51 with odd sales higher. Feede and replacement heifers 27 t 32; lightweight grass heifers 3 to 36 some sales higher. Feede cows, only a few on offer at a to 22.00. HOGS AND DAIRY CATTLE Weaner hog prices wer steady, ail classes of feede hogs met an improved demanc Weaner hogs 15 to 17.00; ligh weaners 12.50 to 18.00; ligh feeders under 100 Ibs. 20 t 27.00; feeder hogs 100 to 160 Ibs 28.50 to 40.00; small bred gilts 40 tD 51.00. Baby calves 65 to 110.00 de pending on breed aid quality. Smitty's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridgs to be open about Octo- ber, 1970. Cash required approximately Capital investment returned in ap- proximately four years. For further information please write or phono SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CAIGARY, Alberta. 263-5683 (403) Livestock Lethbridge Livestock Sales Monday, Tuesday, hursday and Friday 401 attle; 15 calves; hogs nd 33 lambs. Butcher cattle prices were teady to as much as 1.00 high- r in late week for class- s. Replacement cattle icarce nd steady. Trade active. Good and choice butcher teers meeting very g o o d de- mand, prices steady to 1.00 higher in late week. Medium grades 75 cents higher. Good nd choice butcher heifers meeting good demand selling ully steady. Cows were scarce nd sold 50 cents lower for the veek. Bulls steady. All classes of stacker and eeder cattle were in short sup- ly and were selling steady, to good calves on offer. DAUGHTERS Steers, choice, 30 to 30.70: ood, 29 to 29.75; medium 26.75 to 28.25. Heifers, choice, 27 to 27.60; good, 26.25 to 26.75. Cows, good, 21.50 to 22.25. medium, 20 to 21; canaers and cutlers 18 to 20. Bulls, good, 26 to 27.50. REPLACEMENTS Good heavy feedei- steers 28.50 to 29.80; medixim, 26 to 28 Good light stock steers 32 to 33. Good feeder heifers, 27 to 30.85. HOGS, LAMBS Butcher hogs sold this weei- FOB Lethbridge 27.65 to 29 >ase price. There were logs sold for export, price con verted to 22.75 to 23.30 live- weight. Weaner and feeder hogs sole steady to strong. Weaners 11.5 to 19.25. Light feeders unde 100 Ibs. 18 to 29.25. Heavy feeders 100 to 130 Ibs 25.75 to 31.25. Heavy feeders over 130 Ibs. 33.25 to 38 al prices per head. Light feeder under 100 Ibs. sold from 25 tc 32 per cwt. Heavy feeders ove 100 Ibs. sold from 21 to 28 pe hundredweight. Bred sows 6 to 82 per head. Good spring lambs 27. Taber Livestock TABER Trade at the Prai rie Livestock Ltd. sale this week was brisk on an actav market with most classes hol( ing steady. Feeder cows steady to cents stronger. Butcher cow steady. Cows with calves a side 25.00 stronger, Yearlin feeder steers steady and year ling heifers steady. Good ligh calves sold strong in both hei er amd steer classes. Weane hogs up Light feeder held steady. Light feeder cows 22.50 I 26.40; good butcher cows 21.9 to 22.60; fair to medium butch ed cows 20.75 to 21.40. Cow with calves at sida fo 350.00. Pulls 25.90 to 28.00. Good yearling feeder steer under 750 Ibs. 34.50 to 38.25 over 750 Ibs. 28.70 to 30.00. Good yearling feeder heifer under 650 Ibs. 32.10 to 35.3C over 650 Ibs. 27.50 to 31.50. Good steer calves 43.00 48.00. Fair to medium 38.50 42.75. Good heifer calves 42.5 to 48.00; fair to medium 36.C to 42. Weaner hogs 14.00 to 17.71 light feeders 18.00 to 23.25 open sows 43.00 to 58.00. By ART JOHNSON Canadian Press Staff Writer Canadian stock markets were n the doldrums again this week trading dropped to record ows. Markets were dosed Domin- ion Day. The Toronto Stock Exchange, Foreign Exchange Reserve Climbs Mighty Market Soft Canada's largest, posted one of when stares traded, it? worst trading sessions in re- The Toronto exchange s in; cent history with an average o( shares traded on each of the four sessions. Trading dropped to a 10-year low Friday with only shares changing hands. The pre- vious low was on April OTTAWA (CP) Canada's fficial foreign exchange re- serves rose another ast month to reach a record at the end of June, he finance department an- nounced. Part of the increase was due to heavy buying of U.S. dollars o keep the Canadian dollar Vom skyrocketting after it was reed from its official peg on May 30. Holdings of U.S. dollars in the fund account and by he Receiver-General's office and Bank of Canada totalled at June 30, com- >ared with at the of May. There was no change during June in Canada's official gold this country's reserve position in the International Monetary Fund, amounting to There was a small increase in Canadian holdings of other' con- vertible foreign currencies, to and Canada ac- quired another in IMF special drawing rights, bringing the month-end total Until the end of May, Canada maintained the international ex- change value of the Canadian Finance Minister Edgar Ben- in a statement accompany- ng release of the June-end fig- ures, said two other factors, in ddition to U.S. dollar buying on une 1, contributed to the in- crease in reserves. During May the government made currency swap arrange- nents and other commitments o obtain in U.S. dol- ars during June and later, and ome of these deals matured. Offsetting these, Canada made the last two repayments in June of to Italy, n notes issued by the Italian xchange office in May, 1968. his was announced June 24. Auto Sales Trail In United States dollar within one per cent of 2.5 U.S. cents, under IMF ules. Because of a heavy influx ol American funds exerting strong upward pressures on the Cana- dian dollar, the government de- cided with IMF approvd to re- lease the dollar from its peg, promising to re-establish a new exchange rate later. The Canadian dollar has tfadsd well above the old peg. It opened in New York today al 96 61-64. Wedding Guests Die On Drunk Elephant NEW DELHI (Reuters) Four guests riding on an el- ephant to a wedding at Is- lampur, in the Indian state of Uttar Pradesh, were killed when they made the elephant so drunk that it charged anelec tricity pylon, The Statesman news- paper reported today. The four were drinking hi the howdah and occasion- ally handed a bottle to the elephant for a swig. Eventually it ran amok and charged an electricity pole snapping a power line. The live wire fell on the ele- phant, killing it and the four wedding guests. UNIVERSITY OF LETHBRIDGE 1970 FALL SEMESTER FEATURING: -SEMESTER SYSTEM -COMPLETE DEGREE PROGRAMS (B.A., B.Ed.) -DIVERSE PROGRAM OFFERINGS APPLICATION DEADLINE FOR TRANSFER STUDENTS JULY 15th, 1970 ALL OTHERS AUGUST 4th, 1970 FOR INFORMATION CONTACT: The Registrar, University of Lethbridge, LETHBRIDGE, Alberta. STORE FOR RENT BATA SHOE STORE GOOD IOCATION ON 5th STREET SOUTH Suitable for shoe llore or ladies store APPLY: Stan's Men's Wear 321 5th St. 5. Opportunity For Optometrist Practising optometrist to take over well established practice in major depart- ment store on a lease basis. Direct enquiries to: MANAGER, the 1st Street and Ith Avenue, Calgary, Albtrta dustrial index, a barometer of market movement, posted a fractional loss, down 1.01 points to 151.81. The only gaining index was golds, which advanced 2.23 points to 160.15. Financial observers saj; gold and gold stocks are a traditional hedge in an uncertain economy. INVESTORS SHY Investors have avoided mar- kets since the end of a sharp three-day rally in-May. Since that time, markets nave drifted with only small dips and rises each session. Trading has dropped consist- ently each week. Most observers agree a majoi economic or political develop- ment is necessary to jar inves- tors from their wait-and-see at titudc. On index at Toronto, base metals fell .32 to 89.85 and west- ern oils 8.66 to 121.80. Volume was shares. Gains outnumbered losses 254 to 243 with 365 issues un- changed. At the Montreal and Canadian exchanges, the composite index was off 1.65 to 147.44. Combined volume was shares, compared with last week. Losses out- numbered gains 164 to 94. DETROIT (AP) U.S. auto ales for the first half of 1970 railed last year's totals by lore than nine per cent. American Motors Corp. was he only auto-maker to register an increase in sales over 1969. And it further reported Thurs- day that it had sold all the 1970 models of its new sub-compact, he Gremlin, that it can build >efore model changeover. The Gremlin, shaped some- hing like a shbe, was intro- duced by AMC in April as the irst domestic car designed to compete with foreign sub-com- lacts 'such as the Volkswagen in aze and price. It has a manu- acturer's suggested price of the lowest priced Amen- can-made car. An AMC spokesman said deal- ers no longer will take orders the 1970 Gremlin. However, ie said customers could place advance orders for the 1971 Gremlin, which' will be assem- bled starting in mid-August. The Big Four auto-makers .re- ported sales in the first of 1970 at versus in the same period last year. For the month of June, sales were units, compared with last year, it was the first month of the year in which sales moved ahead of the corre- sponding month a year ago. AMC said its sales for the year ill mid-year were compared with last year Other half-year sales of do- mestic-built cars in the U.S. in eluded General Motors Corp. this year and ast year, Ford Motor Co. this year and ast year, and Chrysler Corp. this year and las Hog Prices EDMONTON (CP) Closing prices Friday provided by the Alberta Hog Producers' Mar- keting Board: Edmonton: Quoted 28.25 to 28.75, Average 28.35. Bed Deer: Quoted 28'.50 29.25, Average 28.90. Calgary: Quoted 28.60 to 29.65, Average 29.34. Lethbridge: Quoted 28.65 b 29, Average 28.78. Lloydminster: Quoted 27.65 Average 27.65. Total hogs sold Aver- age 28.75. Total sows sold 60 Average 19.87. year. Bond Prices Supplied by Doherty ioadhouse and McCuaig Bros. COVEINMiNT OF CANADA BONDI Bid Asked Apr. 1 '71 99.40 100.10 !4% Sep. 1 '72 95.55 %.25 Oct. 1 '75 90.75 92.25 July 1 '78 101.25 102.75 Sep 1 '83 71.50 72.75 3erp. 3% Sept 15 38.75 42.25 OOVEKNMENT OF CANADA OUAtANTUD BONDS i. Nit. llwr. 'Ill May 15 '77 82.75 85.25 Jan. 1 '85 76.75 79.25 ptovmeiAi Ontario 7 88 Ont Hyd 9 '94 New B. 9Vi% '90 Nfld. 8 '74 N.S. '92 Quebec '74 Alta 8M '90 Hyd 9 '90 Sask '88 Nfld. '90 ACT 8 '74 Man Tel 8 '74 83.25 104.25 102.75 95.75 73.75 94.75 101.75 102.00 83.75 100.75 98.75 98.75 85.YD 105.75 105.25 98.25 76.25 97.25 103.25 103.50 86.25 103.25 100.25 100.25 INDUSTtlAl Abitiiti Alta Gas 614% Alum C 414% Bank N.S. 7 Bell Tel 8 B.A. Oil 5Vi% Cdn Brew 5 Cdn Chem 7 CPR 5 Cdn WN Con Gas Domtar T. Eaton GM Ac 7 Husky Oil Imp Oil 7.% I.A.C. 714% Loblaw Mac B. N.C. Gas NW DtU Shell Oil Tor Dom 6 Tor Dom 7 Tr. Can 5.85% Tr Fin Co. Union Gas West Tr 514% Weston '87 79.75 '81 80.75 '73 88.25 '87 79.75 '77 97.25 '77 79.75 '83 66.75 '80 83.75 '83 67.25 '83 67.75 '82 71.75 '87 75.75 '87 83.25 '86 77.00 '87 76.25 '88 82.75 '86 81.25 '81 72.75 '78 77.75 -'88 72.75 '88 65.75 '77 79.75 '87 73.25 '87 81.75 '87 68.75 i '87 79.75 '81 73.75 '88 65.75 '87 75.75 .75 82.25 70.25 86A 70.7. 74.2 78.2. 85.7 79.5f 78.2, 85.2. 83.7 75.2o 80.2 75.2o 75.7 84.2 71.2 82.2 76.2, 63.2 Construction Activity Lags CALGARY (CP) Construe tion activity in the city in ttie year's first six months trailc far behind the pace of 1969. Statistics show the value o building permits issued to th end of June was compared with i the first half of 1969. Residential construction wa. down to permits worl from 1969's permits worth Apartment building dropped to 35 permits worth from 100 worth and office construction was down to seven permits worth from 16 permits worth 000. Industrial and warehouse construction was 'also down, as were commercial repairs. The value of construction in Edmonton for the first half of 1970 is down 14 per cent from the same period last year. RECKLESS DRIVING VIRGINIA CITY, Ney. (AP) The stagecoach overturned as-driver Leland Parish at- tempted a left turn, onto Ceme- tery Road. Parish, 44, in hospi- tal with back and head injuries, was cited Thursday by the sher- iff for investigation of driving under the influence of intoxi- cants and reckless driving. The stagecoach is one of the attrac- tions in this former Comstock Lode mining town. CONVERTIBLES Con Gas 514% '89 77.75 l.._ Dynasty Ex 7 '82 76.75 82.2 Scurry R 7Ki% '88 79.75 83." Tr Cdn PL 5 '89 76.75 79. West Tr C 514% '88 73.75 78. Potato Futures WINNIPEG (CP) Th Maritime potato futures mark was inactive Friday. Open High Low Close Thursda Nov. 2.30A 2.30 March 2.60A 2.60A MARATHON REALTY APPOINTMENT M. J. FIELD The appointment of M. J. Field a s General Manager; Division, Marat hen Realty Company, is announced y S. E. Eagles, President. Pre- iously development manager 'ith a major Canadian real state investment company, Mr. Held joins Marathon with more nan 15 years experience in the evelopment, construction and Deration of major real estate rejects in Canada. Based in Calgary, he will be responsible or the development, operation and administration of Mara- hon's real estate holdings in Mberta, Saskatchewan and Manitoba. Beef Futures WINNIPEG was i light trade in July, September md November beef futures on the Winnipeg live beef futures market Friday with prices 10 points to 60 points above the previous close. Open High Low Close Thursday July 31.35 31.40 31.35 31.40 J1.2SA Sept 30.00 30.00 SO.OO 30.00 29.60B Nov. 29.50 29.50 29.50 29.50 28.80B Jan. 28.85B 28.80B THE STOCKMANS MARKET Join the many farmer, and rancher, who market rheir cattle in our modern facilities. HOG SALES EVERY TUESDAY P.M. WIANER AND TEEDER HOGS BROOD SOWS-BOARS [lABY CALVES-DAIRY COWS, ETC. REGULAR CATTLE SALES EVERY THURS.-1 P.M. Stacker Feeder and Fat Cattle Perlich Bros. Auction Market Ltd. localed In th. hub Seurtmn Alberta's livestock In- dustry-3 mile, east 6f L.lhbridg. on H.ahwQy 3 and 0 PHONE DAY OR NIGHT 328-3951 BOX 10S7, UTHBRIDGi H. H. Smith Ltd. Customs Broker 328-8141 conns 344-3821 SALE of Purebred Grade SHEEP JULY 18th Calgary Stockyards p.m. Sponsored by The Alberto Sheep Breeders' Assoc. and the Alberta Livestock Co-op On offer for 120 Grade Ewes 25 Purebred Rami 25 Purebred Sale entries could number more as entries are accept- ed up to sale time. For Catalogue or Further In- formation write to SECRETARY, Alberta Sheep Breeders' Box 1060, CALGARY 2, Alia., or the Alberta livestock Co-op ltd., Alberta Stockyards Building CAIGARY, Alta. PRAIRIE LIVESTOCK LTD. SALE EVERY MONDAY AT p.m. Let Us Take tha Worry Out of Your Livestock Sales our contacts with professional order buyers, plut your eorly consignment, meoni top prices for youl PRAIRIE LIVESTOCK LTD. (FORMERLY HANDIEY-JENSEN LIVESTOCK ITD.) PHONE 223-3921, TABER DAY OR NIGHT Auctioneer: Sal's Manager JOHNNY CHARLTON GARY JENSEN lie. 293 REGULAR CATTLE SALE 350 >o 500 OffER HEAD ALL CLASSES OF CATTLE AUCTION MARKET ;