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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 15, 1972, Lethbridge, Alberta 8 THE LETHBRIDGE HERALD Saturday, July 15, 1972 Expansion of economy should continue in '72 By JAMES NELSON OTTAWA (CP) The ecnn- omy should continue expanding through tho balance or tliis year and nexl, ;i group ot busi- nessmen and economists con- cluded in a forum sponsored by I he Conference Board in Can- ada. The closed forum was lield in California women win air race TOMS RIVER, N.J. AP) Two California women were named winners here of the 26th annual Powder Puff Derby, a transcontinental air race for women pilots, Pilot Marian E. Banks of San Diego and co-pilot Dottie Sand- ers of Sanlee were named the winners in the weekend race after handicaps were computed at Ihe finish point, the Robert J. Miller Air Park. Mrs. Banks and Mrs. Sanders flew their Piper Comanche at En average speed of 207.2 miles an hour during Ihe race from California. Mrs. Banks and Mrs. Sanders receive a prize for the victory, and is divided among the pilots and co-pilots of the next 10 planes. Show rare egg LONDON (Renter) A grey- sh pink, grapefruit-sized egg jf the rare coelacanth fish, once believed to have been ex- tinct for 70 million years, is on display at London's Natural History Museum. The egg was e.-rtracted from a coelacanth fish caught by an expedition off the coast of Anjouan Island near Madagascar. February and a transcript of the discussion was released here by the board, along with a summary saying the gross national product should rise by about 10 per cent this year. The CNP the total value of all goods and services being produced in Hie at an annual rale of ?98.74 bil- lion in the first quarter of 1972, up 10.5 per cent from a year earlier. The forum participants ex- pected economic expansion to continue in Canada and the U.S. although some thought there might be some slackening in the rate of Increase during the sec- ond half of this year. GNP rose last year by 5.5 per cent in the physical volume of output, combined with a gen- eral price rise of a little more than three per cent- The forum expected that physical volume of output would increase this year by six to 6.5 per cent, while prices would rise by 3.5 to four per cent. Arthur J. H. Smith, president ot the Conference Board in Can- ada and former chairman of the Economic Council of Can- ada, told the meeting that out- put per capita in Canada has been growing at nearly twice the rate of the real increase in goods and services produced in the U.S. This has meant a significant narrowing of the gap between per-capila output of the two countries In the last two years, he said. EXPECTS TRADE BALANCE Professor Edward P. Neufeld of the University of Toronto's department of economics was confident Canada's international trade position will stablize and come into balance by 1974 or 1975. A big international bal- ance of payments surplus, established in 1970 and 1971 for the first time in nearly 20 years, is expected to go into deficit this year. Albert T. Sommers, vice-pres- ident and director of economic research for the Conference LONE J INVESTMENTS LTD. COMPLETE DISPERSION OF FARM MACHINERY and SHORTHORN HERD TO BE HELD AT FORT MACLEOD AUCTION MARKET LTD. FORT MACLEOD, ALBERTA FRIDAY, JULY 28th TERMS CASH NO RESERVE MACHINERY MISCELLANEOUS SALE AT A.M. 1969 Ford 250 Iruck, 4-speed, custom cab, H.D., only miles. Good condilionj 1968 Ford 1-Ton, 4-speed, 8'xl2' grain box and hoist. Good condition; 1965 Mercury !j-tan, good Cascade camper. Interior finished wilh bed and table; 1970 Western 4-horse goose- neck trailer. Tandem axle, 700x15 (ires, electric brakes, 6'x28' with tack room; M.H. gas tractor wilh 1970 Farm Hand loader, manure bucket and bale pickup; D17 Heston P.T. 10 hay binder, with condilioner, like new; M.H. 14' pull type swalher. M.H. 15' pull type swalher; 4 wheel side delivery rake; Cockshutt 115 combine; J.D. 14T baler PTO; Ferris Wheel bale loader; Farm Hand bole accumulator and pickup; J.D. Gyro mower, 5', pull type; field sprayer; 14' single disc; 12' packers; 20' farm Irailar; 2 grain grinders; 500 gal. fuel tank; 500 gal. propane tank; pressure pump; table and chairs; propane fridgej propane heater; propane stove. LIVESTOCK SALE AT P.M. 36 head Reg. Shorthorn cows with calves, 2-10 years old; 30 grade Shorlhorn cows with calves, 2-10 years old; 18 Reg. Shorthorn heifers; 1 Reg. Shorthorn, 4 year old bull; 1 Reg. Shorlhorn 2 year old bull; 1 Reg, Hereford 2 year old bull; 5 year old Gelding, good ranch horse; 5 year old brown Gelding, well broke; 6 year old Bay Gelding, well broke for children. Also saddles ond bridles. KEN HURLBURT License 274 DAVE McNAB License 670 Board of the U.S., said Is going to continue lo be difficult lo contain inflationary pres- sures. President Nixon's eco- nomic controls, easing the price and wage freeze imposed last year, may be dropped later this year, parlly for political reasons before Ihe November elections. But there is still "a great deal of compression of Infla- tion" in the U.S. economy- The need to restore corporation pro- fits, which were squeezed In 1971, is going to force higher prices, he said. Peter Campbell, vice-presi- dent and director of Wood Gundy Ltd., Toronto Investment dealers, anticipated h t g h er short term and corporate bond interest rates before the end ol 1972, but said mortgage inleresl rates should gradually decb'ne. "1 think Canada will continue to have a floatig rate in inter- national exchange markets, nnd it seems that Ihe Canadian dollar will lend lo drift higher as Ihe year wears Mr. Campbell added. Robert Macintosh, deputy chief general manager of the bank ot Nova Scotia, said it seemed apparent that the U.S. government expected Us Cana- dian dollar to continue to rise when it did not insist last De- cember on Canada repegging the dollar at a higher rate. The forum was held before Britain floated the pound and Finance minister John Turner inlroduced a new federal budget xvith incentives for expansion of manufacturing and processing Indus tries. BEES IN HIS BONNET Hamillon is buzzing with activity these days for 37-year-old Bill Rose. With temp- eratures in the SO's his phone has been buzzing from scores of home-owners seeking his services. You've guess- ed if. Bill is a bee-catcher. He has collected 40 stray swarms since early May when colonies came out of hiber- nation. Imperial, U.S. firms sign billion gas sale contract n O TORONTO CF) Imperial Oil Ltd. has signed a 22-year contract worth about billion for sale of Arctic natural gas to two United States companies. Doug Lougheed, vice-presi- dent and general manager, pro- ducing, confirmed Wednesday Beef futures WINNIPEG (CP) Live beef futures at close Friday: July 36.75B; Sepl. 33.10; Nov. 34.85N. Thursday's volume: No con- tracts. EDMONTON THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience in Making Reservation! CALL AND ASK FOR LONG DISTANCE ZEnilh 0-7255 at no cost lo you IVIERA MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta Phone: (403) 434-3431 Telex: 037-2510 PICTURE BUTTE AUCTION MARKET Ideally located in tho centre o( a large cattle Feeding and Hog Raising Country Calf, Feeder and FAT CATTLE Every Wednesday at 1 p.m. 300 HEAD Service! available Trucking Branding "k Vaccinating if Order Buying ir Government Veterinary Feeding HOG and Dairy Cattle Sale iwery Saturday at 1 p.m. 20 BABY CALVES MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY Tor Information and lislingi contact JIM or JOE JURIS 732.4400 Picture Butte Auction Mnrknl Picture Eullo, Alto. Picture Bull! Auclion market located 16 miloi north of to Ilibriclrjo Highway 25 lhal a gas-purchase contract had been signed with Michigan Wisconsin Pipe Line, Detroit, and Natural Gas Pipeline Chi- cago. Tho deal Is subject to ap- proval ot regulatory authorities in Ottawa and Washington and a pipeline must be built from Imperial's natural gas reserves in the Mackenzie River delta. The contracts are for sale of five trillion cubic feet of natural gas to each company. The mini- mum price would be 32 cenls per thousand cubic feet for the first two years. After the first two years of the contracts the minimum would jump to 34 cents for the next five years, to 39 cents for the next five years, to 44 cents for the next five years and to 49 cents for the last five years. Rumors that the contract had been signed began circulHtLng in Toronto brokerage houses last Friday and the rumors pushed the price of Imperial shares up by in an hour. The sales contracts were signed last month at the same time lhat the two "U.S. compa- nies signed developmenl con- tracts which give Imperial million in interest-free loans to develop the natural gas field. Details of the development con- tract were released at that lime but the sales contract was not announced. Crash kills TEHRAN (AP) A bus and a truck collided Thursday near Isfahan, central Iran, killing seven persons and injuring 20, authorities reported. COMBNG SALES FORT MACLEOD AUCTION MARKET Tues., July 18fS, at a.m. 500-HEAD-500 ALL CLASSES OF CATTLE THE STOCKMAN'S MARKET WEANERS-FEEDERS SOWS-BOARS SELL at 1 p.m. ALSO DAIRY COWS EABY CALVES SHEEP SPECIAL FOR TUESDAY, JULY 18th 240 LIGHT BEEF-TYPE CALVES Market Hogs Shipped Daily FEEDER AND FAT CATTLE Thursday 1 p.m. 500 HEAD 500 AUCTION MARKET LTD. Located In Tha Huh Of Southern Alhftrta'i livestock Industry 3 Miloi East of tnlhbridno on Highway 3 and Mllo Soulll BOX 1057, LETHBRIDGE PHONE DAY OR NIGHT 328-3951 Livestock market report Ottawa weekly livestock report OTTAWA (CP) The slaugh- ter cattle market was strong and aclive thJs week. Prices for choice steers and iclfcrs made moderate gains, good cows advanced and re- Post office enters card business OTTAWA (CP) Psst. Want to buy some special postcards? Exciting color poses of Rose Blanche and Evangeline, or, bow about this Strip Farming in the Rocky Moun- tains. More pornography? No, a new image marketing ploy from the Canda post office. Starting Monday, July 24, post offices across the country will sell prc stamped color post cards in sets of five for The cards called Canada Cards by the post ture color photographs of not- able Canadian scenes, includ- ing the Newfoundland village of Hose Blanche and Nove Sco- tia's statue of Longfellow's poe- tic heroine, Evangeline. Each province and territory has its share of the 90 different scenes offered. A tourUt eager to outdo his neighbor's impressive post cards from Tangiers, Bangkok and other exotic places might find a use for No. 90 Aerial View of Tuktoyaktuk, North- west Territories. Hitch-hiker victim of heeri ackers ORILLIA, Ont. (CP) Robert Byers found out the hard way recently it doesn't pay to hitch-hike with a dozen beer under one arm when the temperature is in the 90s. He was thumbing to cars along the nearby Highway 12 bypass when a converti- ble with three youths stopped on the shoulder. Mr. Byers, 44, of Dunville, Ont., told pob'ce one youth jumped from the car, threw him to the ground, grabbed the case of beer, and sped away in a cloud of dust. Police are looking for the beerj ackers. Grain prices Winnipeg Grain WINNIPEG (CP) Grain quotes Friday (basis Lake- High Low Close Flax Jly 290 29114 Oct 294 295' a Nov 291 293 Dec 287% 28GVi 287 Rapeseed Vancouver Sep 257Vi Nov 259 257% 25814 Jan 25611 Mar Rapeseed Thunder Bay Jly 245 24414 244% Oct 247 li v 249 Dec 23912 239 Oats Jly 71 71 Oct 7211 Dec 7214 72 72H Barley Jly 113'A 113 Oct 115 1147k 115 Dec 114% 114% 114% Rye Jly 103% Oct 103% 10-114 104V4 Dec 1031'8 1031s placement catllo moved up- ward. Tho calf market was steady wilh some declines reported. Hog prices advanced with gains up lo Receipts ot callle al the nine public stockyards from Monday lo Thursday totalled head, above last week. Marketings were head be- low the corresponding week in 1371. The general quality of slaughter c a 111 e marketed through the yards was up, with 70.3 per cent grading as good and choice carcasses. Exports of beet callle to the U.S. totalled 379 head all for slaughter. Choice steers: Montreal 36.75; 38.50; Toronlo 38 lo 39; Winni- peg 3C.50 lo 37; Saskatoon 34.75 lo 36.10- Edmonton 34.50 to 35.25; Calgary 34.75 to 35.70. Good heifers: Montreal 30 to 33: Toronto 34.50 to 35.50: Win- nipeg 32 to 32.50; Saskatoon 3175 lo 33; Edmonton 31.50 lo 21.50; Toronto 27.50 lo 23.50; Winnipeg 26 lo 20.50; Saskatoon 21.25 to 20: Edmonton 25.50 to 20; Calgary 25.25 to 27 Good feeder sleers: Montreal Toronlo 38 lo 46.50; Winni- peg 36 to 43; Saskatoon 34.25 to 40; Edmonton 35 lo 47; Cal- gary 34 lo 39. Good and choice veal calves: Montreal 52 to 57.50; Edmon- ton 55 to 60; Calgary Good lambs: Montreal 35 to 37.50; Toronto 31.50 lo 37; Winnipeg 32 to 33.25; Saskatoon Edmonton 29; Calgary 29. Hogs index 100: Montreal Toronto 37.80 to 39.90; Winni- peg 33.70 lo 35.20; Saskatoon 33.25 to 33.70; Edmonton 32.40 to 35.05; Calgary 32.35 to 35.15. Perlich Livestock There were head of livestock sold this week at Per- licli Bros. Auction Market Ltd. Receipts Included 480 cattle mid 850 hogs. Market steady to strong on most class- es. Choice sleers, 34.50 lo 35; choice heifers, 31.50 to 32.20; good cows, 25.50 lo 26.30; me- dium cows, 23.00 lo 25.40; can- ncvs nnd cutlers, 20.00 lo 22.90; bologna hulls, to 29.10. Light slock steer calves, 43 lo 45.25; steers 500 to 600 Ibs., 40 to 42.75; steers 600 to 850 Ibs., 35 lo 38; short-keep steers, 34 lo 35.50; light hol- Btciii sleers, 36 lo 37.50; light Block heifer calves, 35 to 37.50; feeder hellers 32 lo 34; me- dium cow-calf pairs, 300 t o 352.50. Market hcjs sold S2.70 to 34.90. Weaner hogs, 15 to 18.50; light weaners, 10.50 to 14.50; lighl feeders, 22 to 28; feeders over 100 Ibs., 32 to 45.75; good bred sows, 95 lo 140; medium bred sows and gills, 55 lo 90; light beef type calves, 120 to 165. MOUNTAINNSOD SODDING LANDSCAPING VINYt COVESED CHAIN WIRE FENCE For More Information Contact D. GRAIG PORTER Lethbridge Ph. 328-0924 Schwartz Agencies (1972) Ltd. APPOINTMENT ROY CLELAND Schwartz Agencici (1975) Lid, ar9 pleased 10 announce ilie ap- pointment cf Roy Cleland as ana of our sales representatives. Roy previously sold farm chinery in Ihe Vauxhrjll-Tnber area and is well known in sport- ing circles, especially In curling, minor hockey and lillle league baseball. He is married wilh a family of 3 children. He invites all his many friends and pclential customers to con- tact him for any of their realty needs. Phone nim now at 328-3331 or at his residence 327-6335. FLAX GROWERS Th e Canadian Wheat Board has Issued a special permitting "YOU" lo cre against your reg- e anaan ea a quota to Diversified Crops Ltd. permitting "YOU" lo deliver up lo 20 bushels per ac uiur riujk Take Ibis opportunity lo deliver up to a Iota] of 20 bushels per regular quota acre to Diversified Cropj at Ihe Canadian Government Elevator, Lethbridge. CONDITIONS OF DELIVERY 1. Your Permit Book must accompany each delivery. 2. Deliveries must be made by Friday, July 23, 1972 3. You can sell at Broadcast price any time following delivery fcy notifying Diversified Crops ltd. Tele- phone 245-1223, Calgary or 429-7375, Edmon- ton or telex 037-3383. Following selling instructions, a cosh ticket will immediately be mailed to you. 4. Flax delivered does not have to be sold this crop year. 5. Free storage from day of delivery until day you elect to sell. No arrangements required just de- liver 8 a.m. to 4 p.m. Monday through Friday Flax contracts are still available for the new crop year. FOR FURTHER INFORMATION CALL JIM HARRIMAN, DIVERSIFIED CROPS LIMITED CALGARY 245-1223 WELCOME TO 'WHOOP-UP DAYS' CATTLE SALES JULY 17 to 22 FAT AND FEEDER CATTLE SALES WEDNESDAY AND FRIDAY AT A.M. SPECIAL STOCK CALF AND FEEDER SALE Friday at p.m. SLAUGHTER HOGS ASSEMBLED AND SOLD Daily FEEDER HOGS and BABY CALF SALE Every Monday at p.m. EXPORTERS OF SLAUGHTER HOGS Excellent Facililioi For Feeding and Loading Hogs CONSIGN All YOUR LIVESTOCK TO C E. FRENCH LIVESTOCK LTD. IN THE HEART OF CANADA'S RANCHING COUNTRY Alberta Stockyards Phone 327-0101-Res. 328-3986 P.O. BOX SS 1-1-7 LETHBRIDGE Ed French 328.3986 Kon Miller 758-6607 Magralh Lou DcJagor 327-9548 C.W. Honnmger 328-7354 Dan Kleusen 345-4358 LIVESTOCK COMMISSION AGENTS ORDER BUYERS EXPORTERS ;