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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 18, 1970, Lethbridge, Alberta folurday, July 1970 THC UETHIIIIDGE HIMID 23 Ottawa Weekly Livestock Report OTTAWA (CP) Cattle re- ceipts at the 10 public stock- yards this week amounted to about head, a reduction than from the previous week and fewer than a corresponding week a year ago. Exports of beef cattle to the United States last week moved down to 527 head, and were all going for immediate slaughter. In spite of lighter offerings at public market, trading con- tinued uneven throughout the week. Prices on steers and hei- fers varied from 50 cents high- er to 75 cents lower. Cows were mianly steady to lower, and bulls from an odd dollar higher to down. Feeder cattle and stock calves were in good de- mand at fully steady prices. Veal, and butcher calves were generally steady to lower. The lamb market was steady to, below last week's figure. Hog prices were steady to lower. Choice steers: Montreal 32.15 to 33.50; Toronto 31 to 32.50; Winnipeg 31 to 32; Saskatoon 29 to 30.55; Edmonton 29 to 29.75; Calgary 29.50 to 30.50. Good heifers: Montreal 25.50 to 26.75; Toronto 27.50 to 29; Winnipeg 26.50 to 27.50; Saska- toon 25 to 26; Edmonton 25.75 to 26.75; Calgary 28.25 to 27.25. Good cows: Montreal 23 to 25.25; Toronto 23 to 24; Winni- peg 23 to 24; Saskatoon 21.75 to 22.80; Edmonton 20 to 20.50; Calgary 21.25 to 22. Good feeder steers: Toronto 33 to 37; Winnipeg. 30 to 36; Saskatoon 29 to 33.50; Edmon- ton 30 to 37; Calgary 28.50 to 34.20. Good and choice veal calves: Montreal 40 to 44; Toronto 33 to 45; Winnipeg 42 to 46; Sask- atoon 36.50 to 37.50; Edmonton 40 to 45; Calgary 46 to 50.50. Good lambs: Montreal 36 to 38.50; Toronto 33 to 36; Winni- peg 27 to 29; Saskatoon 26.25 to 26.50; Calgary 23 to 23.50. Basic hogs: Montreal 29.50 to 31; Toronto 31.75 to 33.65; Win- nipeg 27.75 to 29.40; Saskatoon 26.35 to 28.10; Edmonton 27.55 I to 28.85; Calgary 27.75 to 29. Smifty's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridge to be open about Octo- ber, 1970. Cash required approximately Capital investment returned in ap- proximately four years. For further information pleiu writt or phone SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CAIGARY, Alberto. 263-5683 (403) HURLBURT AUCTION SERVICE LTD. SPECIAL ONE OWNER SALE at the WAREHOUSE 1920 2nd Ave. S., Monday, July 20th-7 p.m. TERMS CASH NO RESERVE Admiral 14 cu. ft. 2 door fridge; Tappan 30" automatic eas range green; Beatty automatic washer and matching electric dryer; Electrohome stereo set; 2 stereo satel- lite speakers; dark wood bedroom suite with complete 54" bed chest of drawers and triple dresser; dinette suite with table and 6 chairs; gold chesterfield and chair; white child's double dresser and chest of drawers; coffee table and matching hexagon end table; 2 chrome chairs. Corner hutch; Admiral portable TV and stand; R.M. 'table TV; writing desk and stool; bookcase; 4 single beds mattress; 4 chest drawers; coffee table and 2 step tables; complete crib; 9x12 rug; carpet sweeper; 2 'trilite lamps; table lamps; gas mower and garden tools; 4 trikes; electric fry pan; set Mehnac dishes; 2 sets Wearever pots and pans; hat rack; combination door; roaster; electric percolator; electric kettle; electric mix- master; electric deep fryer; waffle iron; Sunbeam floor polisher; G.E. vacuum; set of silverware; plus numerous garden and hand tools. MANY ITEMS TOO NUMEROUS TO MENTION OPEN 2-4 P.M., SUNDAY, JULY 19th FOR VIEWING THESE ITEMS HURLBURT AUCTION SERVICE LTD. Phone 328-4705 1920 2nd Ave. S. Lethbridge AUCTIONEERS TED NEWBY lie. No. 41 KEITH ERDMANN Lie. No. Livestock Report Perlich Livestock There were 499 head of live- stock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 194 cattle and 305 hogs. Cattle on offer were mostly good to choice quality butcher steers and hei- fers. The cattle market was strong and active with a good demand from local and U.S. orders. Price quotations were as fol- lows: SLAUGHTERS Choice steers 30 to 30.30; good 29 to 29.75; choice heifers 27 to 27.90. Good cows 21 to 21.90 odd sales higher; medium cows 19 to 20.50; canners and cutters, none on offer. Good balogna bulls 26 to 26.20. REPLACEMENT Short keep feeder steers 29 to 31.60; light steers 550 to 750 Ibs. 31.50 to 35.75 depending on weight and quality; lightweight stock steers 37 to 40. Feeder heifers only a few on offer, these sold 27 to 28.80. The weaner and feeder hogs met an indifferent demand. Good quality hogs sold at steady prices; plain quality kinds were harder to move and traded at lower prices this week. Weaners 12 to 15.25; light weaners 10 to 12; light feeders 17 to 18.75. There were no feeders weigh- ing 80 to 140 Ibs.; feeder over 150 Ibs. 33 to 45. Bred gilts and sows 50 to 77.50. Baby calves 50 to 77 with sales to 90 on bigger calves. Taber Livestock Trade was brisk on a good steady market. Good light feeder cows up Butcher cows steady. Bulls up Yearling feeder steers steady. Feeder heifers stronger. Calves were too few to establish a firm market. Weaner hogs steady. Good light feeder cows 23 to 27.60; good butcher cows 21.75 to to medium butch- er cows 20.25 to 21.50. Bulls, 700 to Ibs., 25.10 to 31.90. Good yearling feeder steers 600 to 750 Ibs. 34.00 to 35.10. Good yearling feeder heifers 500 to 650 Ibs., 33.50 to 34.60. Weaner hogs, 11 to 16.50. The next sale wffi be held Monday July 20 at p.m. For listings please phone, 223-3921. Macleod Livestock FORT MACLEOD On offer 844 head of cattle and calves. Active trade on all classes. Insufficient grass cattle to declare a market. Choice steers 30.25 to 30.90 good to low choice 28.50 to 29.70. Choice heifers 27.30 to 28; good to low choice 26 to Good cows 22 to 22.60; grain feds to Medium cows 20 to 21.70; canners and cutters 16.80 to 19.50. Good bulls 28.20 to 27.40; medium 23 to 25.75. Bulk of the feeder cattle were heavier weights; lighter fleshy kinds strong. Those good steers on the short keep order 29.50 to 31 with lighter kinds to 32.75. Medium steers all weights 28 to 32 de-. pending on weight. Good quality feeder heifers 27 to 28.30; medium 25.50 to 26.60. Good feeder cows 21.50 to 23; medium 19 to 21. Good cows with calves at foot, 100 head on offer sold 380 to 405 per pair with older pairs and medium 350 to 370. Lethbridge livestock (Supplied by Canada Department of Agriculture) Sales Monday .to Friday 712 cattle; 34 calves; nogs; 71 lambs. Butcher cattle prices are un- evenly steady to 50 or more lower. Replacement. cat 11 e steady to strong. Cattle market moderately active. Good and choice butcher steers meeting reasonably good demand, prices 25 to'50 lower. Medium grades 25 lower. Good and choice butcher heifers meeting fair demand from local and U.S. buyers, prices around 50 lower for the week. Medium and good cows sell readily at firm prices. Bulls steady to strong. Medium and good stacker and feeder steers continue to meet very good demand from local buyers, prices generally steady. Exports one load slaughter heifers from Leth- bridge Yards. SLAUGHTERS Choice steers 29.50 tB 30.20; good 28.50 to 29.50; medium 26 to 28. Choice heifers 26.75 to 27.50; good 25.50 to 26.50; medium 24 to 25. Good cows 21 to 21.90; med- ium 20 to 21; canners and cut- ters 16 to 19.50. Good bulls 26 to 27.70. REPLACEMENTS Good heavy feeder steers over 900 Ibs. 28.50 to 30.50. Good1 light stock steers 650 to 750 Ibs. 31 to 32.60. Good feeder heifers 26.50 to 29.50. Good stock cows 21 to 23.50. Good stock cows with calf at foot to 350 per pair. HOGS, LAMBS Butcher hogs sold this week f.o.b. Lethbridge 27.80 to 28.65 base price. There were 913 hogs sold for export, price con- verted to 22.80 to 23.10 live- weight. Weaner and feeder hogs steady to per head lower. Weaners 9 to 16.25. Light feeders under 100 Ibs. 19 to 23.50. Heavy feeders over 100 Ibs. 23 to 36 per head.. Light feeders under 100 Ibs. sold from 24 to 28 per hundredweight. Heavy feeders over 100 Ibs. 19 to 23.25 per hundredweight. Good lambs 26. H. Smith Ltd. Customs Broker CALGARY I INOSGATE 3M-H141 94-424-5458 f coim Phono 344-3M) Great Pacific Management Co. (Alta.) Ltd. Tax Sale Scheduled CLARESHOLM (HNS) Claresholm town council agreed to settle tax arrears amounting to on the Rex Theatre Building for an offered 'amount of when Leo Toone made the proposal at last week's council meeting. It was also agreed that on currrent taxes be paid im- mediately with the balance to be paid in equal monthly in- stalments, commencing Sept. 1. The offer was made jurt prior to council compiling a list of properties to be put up for sale Oct. 15 under the tax recovery act. The list includes a former super market, a former drug store, several private, homes, two 25-foot lots and a garage. Terms of sale will be cash. JACK GRANT DON J. John A. Morrison, President, Great Pa- cific Management Co. (Alberta) Ltd., takes great pleasure in announcing the following promotions: Donald J. McLean to GENERAL SALES MANAGER. Mr. McLean has over 10 years experience as an investment advisor, and continues an outstanding sales and manage- ment career with Great Pacific Manage- ment. John R. Grant Cardston, to REGIONAL MANAGEtt. Mr.'Grant, R.C.M.P. (retired) has been associated with investment Funds for many years and has many clients in the mutual fund industry. Thomas C. Skinner to REGIONAL MAN- AGER. Mr. Skinner is a career man in tin MclEAN TOM C. SKINNER industry and is widely experienced in this field. He has completed many University courses in business, management, com- merce, taxation, finance and estate plan- ning. These Great Pacific Managers and their staff can serve your investment needs through a spectrum of top performing Mutual Funds. Monthly investment plans are available from Cash investments from Information on Withdrawal in- come, Tax savings, Company pension and profit sharing plans are also a part of the many financial services available. Great Pacific Management offering the new MULTIPLE FUND CONCEPT, is Western Canada's largest independent dis- tributor of Mutual Funds. Hog Prices EDMONTON (CP) Closing prices Friday provided by the Alberta Hog Producers Market- ing Board: Edmonton: quoted 27.75 to 27.80. Average 27.76. Red Deer: quoted 27.75 to 27.80. Average 27.77. Calgary: quoted 27.80 to 28.55. Average 28.11. Lethbridge: quoted 27.80 to 28.65. Average 27.88. Ltoydminster: quoted 27.25. Average 27.25. Grande Prairie: no market. Total hogs sold, aver- age 27.88. Total sows. 31, aver- age 18. Freedom Ends POINT OF THE MOUNTAIN, Utah (AP) A convict's dream come true ended Friday for Jerry Carter, 21. He's back in prison. Carter, serving five years in Utah State Prison for selling narcotics, was mistak- enly released by court order June 29, when prison officials confused him with a Larry Carter who already had been >aroled. Carter, accompmiM >y a lawyer, turned himself in to red-faced prison officials. Bond Prices Supplied by Uoherty Roadhouse and McCuaig Bros. GOVUNMINT OF CANADA IONDI Bid Asked 6% Apr. 1 71 99.40 100.10 454% Sep. 1 '72 95.70 96.30 5% Oct. 1, '75 91.50 93.00 8 July 1, '78 101.50 103.00 414% Sep. 1, '83 72.42 73.92 Perp. 3% Sep 15 42.25 OOVEINMINT OF CANADA OUAIANIHP IONDS C... Ntl. IWy. M AUiW 5 May 15 '77 83.75 86.25 Jan 1 '85 77.75 80.25 Ontario Ont Hyd New B. S Nfld. N.S. Quebec Alta Man Hyd Sask Nfld. AGT Man Tel movmciAt 7 '88 83.75 86.25 9 '94 104.75 106.25 ft4% '90 102.75 105.25 8 '74 95.75 98.25 '92 73.75 76.25 '74 94.75 97.25 'W 102.25 103.75 9 '90 102.50 104.00 Wit, '88 84.00 86.50 '90 100.75 103.25 8 '74 99.25 100.75 8 '74 99.25 100.75 INBUSTIIAl Abitibi 7Vi% '87 79.75 Alta Gas 6V4% '81 80.75 Alum Can 7 '73 88.25 Bank N.S. 7 '87 80.75 Bell Tel 8 '77 97.75 B.A. Oil '71 79.25 Cdn Brew 5 '83 66.75 Cdn Chem 7 '80 83.75 CPR 5 '83 69.75 Cdn WN '83 68.75 Con Gas 5V4% '82 72.25 Domtar '87 75.75 T. Eaton '87 82.25 GM Ac 7 '86 77.00 Husky Oil '87 75.75 Imp Oil '88 83.25 I A.C. '86 81.50 I.A.C '84 74.75 Loblaw '81 73.75 Mac B '78 78.75 N.C. Gas 6te% '88 71.75 NW' Util '88 67.75 Shell Oil '77 79.75 Tor Dom 6 '87 73.50 Tor Dom 7 '87 82.25 Tr. Can 5.85% '87 68.75 West Tr '88 64.75 Weston '87 75.75 eONVEITItllt Con Gas 5V4% '89 78.75 81.25 Dynasty Ex 7 '82 74.75 80.25 Scurry R 79.75 85.25 Tr Cdn PL 5 '89 76.75 79.25 West Tr C '88 71.75 77.25 82.25 83.25 90.75 83.25 99.25 81.75 70.25 86.25 72.25 71.25 74.75 78.25 84.75 79.75 85.75 84.00 76.25 81.25 70.25 75.75 84.75 71.25 67.25 78.25 Markets Surge Ahead By ART JOHNSON Canadian Press Staff Writer Canadian stock markets saw their longest-consecutive period of advance this week since Jan- uary. Markets surged ahead under pressure from a show of strength on Wall Street. At Toronto, the industrial index, a prime indicator of mar- ket movement, advanced for five consecutive sessions from Monday to Friday. The index posted a total gain on the week of 3.63 points to 153.79. This was the largest five-day gain since mid-June. Some analysts viewed the advance as an indication that Markets Pinched For OTTAWA (CP) Canadian money markets r e m a i n e pinched for ready cash this week as the capacity of com mercial banks to make short term loans was curtailed. At the same time, genera business loans issued by the chartered banks reached a rec ord level of Jul 8. The central bank ha outstanding Wednes day night in short-term loans tc money-market dealers turned away by chartered banks. The high-cost borrowings from the Bank Nof Canada backed by government securi ties and bankers' notes, were down by from a wee! earlier but remained unusuall; high. Total call loans remained about steady at in the past week while day loan picked up by tc Average of closing interes rates for day loans tightened u to 6.1 per cent in the wee! ended Wednesday from 5.95 pe cent last week. BATA SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for flora or itore APPLY: Stan's Men's Wear 321 5th St. S. FIRST OFFER! Pizza Spaghetti Restaurants Now offering choke franchises Our franchise is growing by leaps and bounds, end we are interested in individuals or groups looking for an excellent opportunity. A complete franchise package includes: Site location assistance f Comprehensive training no experience required Unit plans for building, decor, etc. Advertising, promotions and management services. DO NOT MISS THIS OPPORTUNITY! CAU OR WRITE FOR fUUY DOCUMENTED BROCHURE. M. T. JONES, Director of Franclmo, SPECIALTY FOODS LTD. 328 Hargrovt St., Winnip.s 1, Area Cod. J04-947-OJS1 PRAIRIE LIVESTOCK LTD. SALE EVERY MONDAY AT p.m. Let Us Take the Worry Out of Your Livestock our tentoeti with order plui your early ceniignrnont, rmani tap pricn for yowl PRAIRIE LIVESTOCK LTD. (FOIMMLY HANDLIY-JINSIN UVISTOCK LTD.) PHONE 2234M1, TABER DAY OR NIGHT Audlonttr: Solw JOHNNY CHARLTON GARY JENSEN Lie. tlie long bearish trend has end'ed. Much of the strength on Wall Street was due to improved sec- ond-quarter corporate earnings. Observers said this was a sign hat Hie North American econ- omy had adjusted to inflation curbs. The earnings reports also provided a psychological boost disgruntled investors who had avoided markets in num- Kl'S. TRADING LIGHT Tlie Toronto market traded shares Monday. It was the 1 i g h t e s t trading session since April 18, 1960 when shares changed hands. Tuesday saw only a slight im- provement, with shares iraded. More Uian shares changed hands on an average trading day during the first six months of the year. Activity picked up as the week progressed. On Friday shares were bought or sold. This was the heaviest trading session since June 30. Observers said the long period of advance had erased much of the disenchantment among in- vestors. sBut volume must make a fur- ther large improvemfnt before securities houses become con- tent. Financial observers estimate between and shares must be traded each jay at the Toronto exchange jefore brokerage firms meet operating expenses. On index at Toronto, golds gained .28 to 151.55, base metals 1.61 to 91.17 and western oils 9.46 to 135.21. Volume was shares, up from last week. Gains outnumbered losses 407 to 289 with 208 issues unchanged. At the Montreal and Canadian exchanges, the composite index was up 4.78 to 150.76. Combined volume was shares, up from last week. Gains outnumbered losses 160 to 126 with. 115 issues un- changed. Beef Futures WINNIPEG (CP) There was light trade in the Winnipeg Beef Futures Market Friday. July Sept. Nov. Jan. Close Thur. 31.1531.15 29.55 29.65 29.00 29.50 29.00 28.00 Potato Prices WINNIPEG (CP) The Mar- itime Potato Futures was mostly inactive Friday. Nov. March Close Thur. 2.30 2.30A 2.57 2.55B PLANT ACCOUNTANT A Plant Accountant with experience in Cost Accounting and Budget Control, is required. Location: Lethbridge. The successful candidate will be at least 25 of age, and will have completed his third year C.G.A. or equivalent, course. Substantial opportunities exist for growth within the Company. Progress of the individual will depend upon performance. Benefits include an excellent starting salary and a complete, employee welfare plan. Interested candidates should submit a completi personal and career resume, in writing, to PERSONNEL SUPERVISOR MOLSONS 218 Eleventh Avenue S.W., Calgary 3, Alberta Brawories at VANCOUVER EDMONTON LETHBRIDGE PRINCE ALBERT REGINA WINNIPEG THE STOCKMANS MARKET Join the many farmers and ranehew who market their cattle in our modern facilities. HOG SALES EVERY TUESDAY P.M. WEANER AND FEEDER HOGS BROOD SOWS-BOARS BABY CAWES-DAIRY COWS, ETC. REGULAR CATTLE SALES EVERY THURS.-l P.M. Stacker Feeder and Fat Cattle SPECIAL DAIRY SALE 15 Top Quality HOLSTEIN HEIFERS Fresh 1 to 3 weeks These ore big, strong, well-bred, 2-year-old Holstein Heifers, from SELLING Tuesday, July 28-2 p.m. LARGE LUMBER AUCTION Tuesday, August 4th Following The Hes Sail Board Feet 2x4, Jx6, 2x8, 2x10, 4x6, lough and Various lengths. Perlich Bros. Auction Market Ltd. located in hub of Southern Alberfa'i liviilock lif duilry _ 3 miki tf on Highway 1 ant milt louth. PHONE DAY OR NIGHT 328-3951 BOX 1057, LETHBRIDGE ;