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Lethbridge Herald, The (Newspaper) - July 7, 1973, Lethbridge, Alberta 12 THI UTHBHIDOf HWAIO Saturday, July 7, Price of food may increase by 10 per cent OTTAWA (CP) Food prices this year may average 10 per cent above 1972 levels though price increases are likely to moderate in the remaining months of 1973, says the agri- culture department. The department says a 10-per- cent decline in farm production in 1972 combined with rising consumer income helped boost food prices between January and May. Meat prices are likely to stay above last year's levels for the rest of the year, the department said. But fresh fruit and vege- table prices probably would ease if larger supplies were produced as expected. The department's forecast was contained in its annual summer outlook on food prices and food supplies. Almost all food items cost more in the January-May pe- riod this year with an 11.7-per- cent advance in the food com- ponent of the consumer price index. Meat and poultry products ac- counted for most of the in- crease, the department said. As red meat prices rose, con- sumers had turned to other ein foods spurring for 'poultry, fisn and products. Gold futures WINNIPEG (CP) Gold fu- tures, TJ.S. funds, Winnipeg Commodity Exchange close Friday. Jly 73 128.60B; Oct 73 133.10B; Jan 74 136.75B; Apr 74 140.00B; Jly 74 144.00- fe Thursday's volume: 33 con- tracts. The department said dairy product prices should hold steady while fish prices should continue rising sharply because of strong demand. Prices of cereal and bakery products were unlikely to change much but higher whole- sale prices for coffee would be reflected at the retail level. Retail food sales could reach billion in 1973, up from billion in 1972, the report said. Higher prices and increased de- mand would account for the higher revenue. The department said farm prices in the first three months of the year were 21.2 per cent higher than in the same period last year. By comparison, retail food prices were up 10.6 per cent and wholesale prices were 11.5 per cent higher. "Increased family incomes appear to have offset rising food prices in the de- partment said. Families spend about 17 per cent of their dis- posable income on food and this has changed little in the last two years. NET INCOME HIGHER The department said farm net income in 1973 could reach billion, up sharply from bil- lion in 1972. The rising cash income is due to higher prices rather than larger sales, the price report said. Farm operating expenses were likely to rise to billion this year from billion last year. High wheat prices are ex- pected for the remainder of the current crop year with 1974 prices lower because of in- creased world production. LIFE INSURANCE w (Initial Amount) (20-Year Decreasing Convertible Term Insurance) IT WOULD PAY YOU TO COMPARE THIS WITH ANY OTHER TERM MONTHLY PREMIUMS (P.A.C. Man) Am Age Age Age Age Age KEN BELSHER OCCIDENTAL LIFE of CALIFORNIA 439A HOLIDAY VILLAGE Phone 328-0944, Res. THE STOCKMEN'S MARKET 300 TO 500 HOGS SELL TUESe, at 1 p.m, ALSO -DAIRY COWS -BABY CALVES -SHEEP SPECIAL FOR TUESDAY, JULY 10th 10 BABY CALVES Market Hogs Shipped Daily BE SURE TO ATTEND THE LETHBRIDGE AND DISTRICT 4-H CALF SALE Wednesday, July 11th at a.m. 410 441 CALVES LETHBRIDGE EXHIBITION PAVILION 800- YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. HEAD 800 ANOTHER GIGANTIC EQUIPMENT AUCTION SALE FEATURING HARVEST EQUIPMENT WED., JULY 25th, 10 A.M. For Farther Information Contact TONY VIRGINILtO PHONE 3454291 INCLUDED WITH THE EQUIPMENT SALE FEET OF LUMBER VARIOUS DIMENSIONS PERLICH BROS. AUCTION MARKET LTD. located in the Halt of Southern Alberta's livestodk Industry 3 miles east of lethbridoe on Highway 3 and mile sovrh BOX 1057, LETKSRRXH PHONE DAT OK NIGHT 32B49S1 Livestock report Lack of money, adequate help Farmers forced to retire MONTREAL (CP) Lack of money and adequate help is forcing many Quebec farmers to sen their farms and retire. "I hate doing this but I've got no choice." says farmer Ulysse Bernier. Mr. Bernier, who has sold his farm to a Swiss-born farmer for said he can nojonger afford to run his farm and can- not afford to hire decent help. "My children are gone and my wife and I cant do it." He blamed private industry for luring young people away from tE5 farms by promises of higher wages in the city. Grain Prices WINNIPEG (CP) Prices were easier in all grain except rye. with oilseeds leading the declines in moderate trade at the close of the Winnipeg Com- modity Exchange Friday. Flax was several cents low- er, while rapeseed was near the 20-cent limit lower. Oats was slightly lower, and barley changes were also small. Rye was mixed in light trade. Thursday's volume of trade was bushels of flax, Wheat export demand may exceed supply OTTAWA (CP) A federal grain official, who just returned from an International Wheat Council meeting in London, said today the council feels the amount of wheat available for export could be "considerably short" of demand. W. M. Miner, general director of the trade department's grain marketing office, said the world inventory of wheat among the five major exporters at June 30 was down 735 million bushels from a year earlier. This meant there was only 1.02 billion bush- els in stock, the lowest level in 20 years. He said in statement that the imbalance could be im- proved with favorable weather. "Failing this, the council felt a further draw-down of stocks and scaling down of wheat us- age in animal feeds in both im- porting and exporting countries would be required." Mr. Miner said that world wheat trade in the crop year just ended is estimated at 2.52 billion bushels. This is 237 mil- lion bushels above the previous peak in 196346. of rye and of rapeseed. Closing prices: Flax: -July 7 lower 8.09B; Oct. 6% lower 7.49B; Nov. 11 lower 7.19B; Dec. 5 lower 7.00. Rapeseed ept. 20 lower 6.23A; Nov. 20 lower 5.86- A; Jan. 20 lower 5.79A; March 20 lower 5.71A. Rapeseed Thunder Bay: July 20 lower E.93A; Oct. 20 lower 5.76A; Nov. 19% lower 5.64- %A; Dec. lower 5.36V4B. Oats: July unchanged 1.44- %B; Oct. IVi. lower Dec. lower 1.33T4A. Barley: July unchanged 2.11- %B; Oct. 1% lower Dec. 2% lower Rye: July_2% higher 2.35; Oct. tower Dec. lower 2.33m Grain quotes Friday (basis High Low Close Flax Jly 818 806 809 Oci .758 735% 749 NOV 710 719 Dec 710 693 700 Rapeseed Vanconver Sep 643 623 623 Nov 599% .586 585 Jan 596 579 579 Mar 580 571 571 Rapeseed Thunder Bay Jly 593 Oct 576 Nov 564% Dec 536Vi 536 Oats Jly 145 144% 144'i Oct 136% 134% 135% Dec 134-i 132 133% Barley Jly 211% 207% 211% Oct 206 200% 204% Dec 201% Rye Jly 235 235 Oct 237 230% 234% Dec 236 230% 233% REGULAR CATTLE SALE Oonl be tonfent to oetepl one offer eonsian yoor livestock to where you are guaranteed to the Auction HJna. full of Buyers fe bid on yoor product. PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR NIGHT Auctioneer: JOHNNY CHARITON tic. 293 Sales Manager GARY JENSEN Seven years ago, Mr. Bernier was a gold medallist as Que- bec's top farmer. Now he must stand by and watch his farm pass to a stranger. were about fann- ers in Quebec 10 years ago. Now there are about and if the current trend continues, there will be less than by the beginning of tine next dec- ade. Sates of farms this year have surpassed any ottoer year. There have been close to 150 auctions, more than double the 1972 figure. The immediate cause is last year's disastrous crop caused by heavy rain a phenomenon which threatens to repeat itself this year, driving food prices even ..higher. Bernard Keid, a 42-year-old dairy and corn farmer in the fertile RScheHeu Valley, is bit- ter about the lack of govern- ment support in times of farm crises. "Those guys in the govern- ment are incompetent and they don't understand our he said. "They usually manage to give us pittance, always short of our real needs." SEEN ROTTING Mr. Reid who took over his father's farm several years ago has managed to plant only half of his corn crop so far this year and the seed already planted is in danger of rotting. Older farmers, many of them in their fifties, can no longer face the rigours of fanning life and young fanners are ham- pered by lack of funds to pur- chase their fathers' farms and stock. Although Canadian fanners have increased their productiv- ity by more than eight per cent per year over the past ten years, the cost of operating a farm has risen by 6.1 per cent so far in 1973 while food prices have risen only 3.5 per cent says the Agricultural Econom- ics Research Council. South crops still need more rain EDMONTON CCP) The Al- berta Wheat Pool reports crop conditions in the province are generally good to excellent In its crop report for the week ending July 3. the Pool said the southern part of Al- berta has adequate moisture but that another good rain within the next couple of weeks would be welcome. Further north, near Red Deer and Ed- monton, moisture has hi parts been excessive. Bartey in some cases has been completely drowned and wet fields have retarded weed spraying to the point that some fields will not be sprayed at an. Grasshoppers are still being sprayed in the Lethbridge area and the Peace River region has reported problems with the red turnip beetle. Fanners nave also been cautioned to watch for alfalfa kwpers in (heir rapeseed crop. Beef futures WINNIPEG (CP) Live beef futures close Friday. Jly _ Sep 45.S5B; Nov -96.00; Jan 45.758. Thursday's volume: Six con- 1 tracts. floating offices Waisman Architectural Group has moved into its new' offices located on a barge floating at the foot of Cardero Street in Van- couver. Their new quarters are moored in a place once occupied by a float- ing restaurant. Perlich Livestock There were head of livestock sold this week at Per- lich Bros. Auction Market Ltd. Receipts included 620 cattle and 840 hogs. Market active on all classes of feeder and grass cattle. Price quotations as fol- LOWS: SLAUGHTER CATTLE Cl cows 32.50 to 34; and D2 cows 28 to 32; bol- ogna bulls 38 to 41. REPLACEMENT CATTLE Steer calves 400 to 500 Ibs. 53 to 57.50; steer over 500 Ibs. 50 to 57.25; plain quality steer calves all weights 48 to 52; feeder steers under 800 Ibs. 47.50 to 51; feeder steers over 800 Ibs. 44 to 4755; holstein and shortkeep steers 42.25 to 45; heifer calves 250 to 400 Ibs. 50 to 56; 400 to 500 Ibs. 48 to 52; Over 500 Ibs. 44 to 48.50; feeder heifers 41 to 44; good quality stock cows and heifers 450 to 500; medi- um quality stock cows and heif- ers 350 to 410. HOGS AND DAIRY CATTLE Market hogs dressed weight 46.55 to 48.35; good weaners 21 to 24.75; light weaners 15 to 20.50; feeders Under 100 Ibs. 34 to 42.25; Ow 100 Ibs. 42 to 61.50; Bred sows and gilts 110 to 170; Baby calves 70 to 135; medium milk cows 290 to 365. Ottawa Livestock OTTAWA (CP) Slaughter cattle receipts at the 10 public stockyards dipped this week to from last week be- cause of the long July 1 holi- day weekend, the agriculture department said Friday. Prices were steady to 50 cents higher for A-l and A-2 steers on the western markets on a good demand. Eastern prices remained steady at last week's quotations. A-l and A-2 heifer prices steady to 50 cents higher in western centres wiile eastern prices held steady under a nar- row to modest demand for light offerings. B-l and B-2 cow prices in the west were uneven, ranging from lower to higher under moderate to active trading while eastern prices declined a full dollar as trading was mod- erate on a narrow demand. Feeder calf prices remained steady in all centres but re- ceipts of feeder cattle and calves declined more than head this week to Receipts of sheep and lambs numbered an increase of more than 300 bead from the previous week. LAMB PRICES STEADY Lamb prices remained steady in all centres except Calgary where a 50-cent drop was re- ported. Index. 100 hog prices in most centres were stronger with gains of 40 cents to Saskatoon prices were unchang- ed last week's quotations. Wholesale prices for A-l steer carcasses last week con- tinued to decline with western prices 23 cents to lower at to and eastern prices 25 cents to 50 cents low- er at and A-l hetfer carcass prices were steady to lower with west- ern prices 23 cents to low- er at to and east- ern prices steady to 76 cents lower at to Veal carcasses generally were firmer wifli western pric- es 90 cents to higher at to Eastern prices were uneven at tower to higher at to Lamb carcasses in the west were uneven with prices low- er to 50 cents higher at to Eastern prices were steady to higher at to Trading in pork bellies was stronger with western prices and higher at and east- ern prices to higher at to Pork hams continued strong- er with western prices to higher at to and eastern prices higher at to Slaughter cattle, steers A-l and A-2: Calgary 44.25 to 45.90; 43.50 to 44.50; Sas- katoon 44 to 45.70; Winnipeg 45 to 46; Toronto 46.50 to 47.50. Heifers, A-l and A-2: Calgary 41.50 to 43; Edmonton 40.50 to 41.50; Saskatoon 40.25 to 41.75; Winnipeg 41.50 to 42.50; Toron- to 43.50 to 45. D-l and D-2 cows: Calgary 32.50 to 34; Edmonton 32.50 to 33.50; Saskatoon 34 to 35.90; Winnipeg 34 to 35; Toronto 35 to 36. Slaughter calves, good and choice veal: Edmonton 55 to 62; Winnipeg 60 to 75; Toronto 54 to 65; Montreal 68 to 73. Feeder steers over 750 pounds: Calgary 43 to 46.50; Edmonton 44 to 48; Saskatoon 42.50 to 46.60; Winnipeg 42 to 49; Tornto 44 to 48. Feeder steer calves 401 to 575 pounds: Calgary 48 to 55; Ed- monton 48 to 60; Saskatoon 48 to 55; Winnipeg 53 to 55; Toronto 52 to 58. Good lambs: Calgary 36.50; Edmonton 36 to 38; Saskatoon 35; Winnipeg 39 to 43; Toronto 46 to 49. Index 100 hogs dressed: Cal- gary 46.10 to 48.25; Edmonton 46.40 to 49.25; Saskatoon 46.75 to 47.80; Winnipeg 47.65 to 49.30; Toronto 53.05 to 54.55; Montreal 47. Lethbridge Livestock Butcher cattle prices strong to .50 or more higher. ment cattle steady to strong. Cattle market .active. Slaughter steers and heifers meeting an improved demand. Al and A2 slaughter steers .50 or more higher with 4-H groups of five selling up to Slaughter cows meeting an in- different prices weak to .50 lower. Bulls steady. Medium and good stocker and feeder cattle meeting very good demand at strong prices. Slaughter steers: Al and A2 43.50 to 44.25; heifers: Al and A2 40 to 41; Cows: Dl and D2 33 to 34; D3 31 to 32.50, D4 28 to 31; good bulls 37 to 39. Good heavy feeder steers over 800 Ibs 44 to 46.50; good feeder steers under 750 45 to 48.75; good feeder heifers 40 to 48.25; good stock steer calves 450 Ibs to 550 to 63; good stock steer calves un- der 450 lbs-65 to 76.75; good stock heifer calves 56.75 to 65. Butcher bogs sold at 46.90 to 48.85 base price. There were no feeder hogs sold due to Monday being a holiday. Good lambs 36 to 37. Macleod Livestock FORT MACLEOD On offer at Fort Macleod Auction Mar- ket tins week were 375 head. Cows were easier, but ell'oth- er classes of fat cattle remain- ed steady. Stackers and feed- ers steady quality, weight and fleshing considered. Choice steers 44 to 44.30; medium steers 43 to 44; choice heifers 41 to 41 JO; medium heifers 40 to 41; good cows 33 to 34.40; medium cows 31 to 33; bologna bulls 37 to 39. Good short keep feeder steers and bulls (800 to pounds) 44 to 46.25; (700 to 800 pounds) 45 to 47. Good green holstein steers (600 to 700 pounds) 42 to 45. heavy feeder heifers 41 to 44; replacement quality to 50.25. Come over on the Mayflower I ft'c 8 softer! It's safer I We'll grve your things Air-Cushion-Ride. mites upon request. FERNIE CARTAGE COMPANY 518 3rd ST. S. PHONE 32M645 FEEDERS FARMERS WELDERS HANDYMEN HOMEOWNERS We carry a complete stock of STEIL IN FIATS ANGUS CHANNELS BEAMS WIDI FIANCES _ RAILS ROUNDS SQUARES PLATES SHEETS RECTANGULAR AND SQUARE TUBING REINFORCING STEEL WIRE MESH PIPE GALORE FOR PENCE POSTS CLOTHESLINE POliS CARPORT COLUMNS OR FOR ANY OTHER USE YOU MAY HAVE. 2.000 TONS TO CHOOSE FROM Bring in your truck and load up at bargain prices We alw deliver locally Bring In yowr terap steel cast iren lotteries copper and get the best trade valve aver also pay cashl brm VARZARI IRON LTD STEEL YARD LOCATION 2808 2nd Avt. N. SCRAP LOCATION 3402 2nd Avt. N. PICTURE BUTTE AUCTION MARKET located in the centre of a taraa cortte Feeding and Hog Raising Coo Ideally located in Hie centre of a largo cattle feeding and Services Available FEEDER CALF AND FAT CATTLE WED., JULY Hth 350 HEAD Far and contact .Trucking Branding Vaccinating Order Buying Government Veterinary Feeding Pens taisinf Country HOG DAIRY CATTLE SALE tvery Saturday at 1 p.m. SffCIAl IS BABY CAWES MARKET HOGS ASSEMBLED MONDAY WIW HBOAY QT JOE JURIS Market Alta. Picture Auction market located 16 rrilM north of Highway 25 ;