Lethbridge Herald, The (Newspaper) - July 20, 1974, Lethbridge, Alberta
20 THE LBTHBRIDGE HERALD July 1974 Investment climate losing negative tone The Herald- Business Ottawa By WENDY ROSEN The Canadian Press Major Canadian slock markets rose sharply this posting their second consecutive gain in lethargic trading Oil which dropped as much as one-third between mid-March and July 8. began to recoup some of their losses One analyst said the reversal was aided by the Liberal party's post- election hints that the budget might not be as restrictive as were original proposals for increased taxation of the industry. Analysts say that while the extent and shape of any modifications will not be known until after Parliament icconvenes Sept 30. the investment climate has a far less negative tone At Toronto the western oil index rose 3 61 on the week to close at 183.95. highest level since June 21 The base metal index closed at 80 56. up 1 12 lo its highest level since June 21. The gold reacting to an up- ward trend on European bullion markets posted its largest weekly gam ot the year The index gamed 77 75 on the week to close at 517 57. a high since April 22 INDUSTRIALS RALLY Toronto's industrial index rallied Wednesday and picked up momentum as the week progressed Some of the gain was attributed to improved earn- ing results. The widely-based in- dicator of market trend made its largest weekly gam since June 3. up 3 95 points to 187 its highest since June 25 The Montreal industrial index closed Friday at 201 09. up 6 34 on the week and the composite index at 190 66. up 523 Volume-was .i 13 million shares compared with 1 76 million shares last week ALBERTA CHIANINA ASSOCIATION CATTLE TOUR Southern Region AUGUST 1974 REGISTRATION AUG. p.m. at the Round-up El Rancho Motor featur- ing a guest speaker and a social evening. Tour begins A.M. August 2nd from the El and will include 6 of Southern Alberta's top Chiamna Breeders plus a tour of the Lethbridge Research Station to view their purebred with a barbecue to follow that evening. For further information ROYNIEDERMIER 328-6245 THERE WILL BE A TOUR GOING TO CALGARY AUGUST 3rd AND 4th AND TO EDMONTON ON AUGUST 5th. THE STOCKMAN'S MARKET HOGS SELL at 1 p.m. Dairy Cows Baby Calves Sheep SPECIAL FOR JULY 23 8 Holstein Milk Cows from one Owner. Market Hogs Shipped Daily Live Weight and Dressed Basis 1 12 JASPERSON BROS. FARMS NEW BREEDS DISPERSION SALE July 24 1 p.m. PERLICH BROS. SALES LETHBRIDGE Listings 3 Yearling Blood Gelbveih Heifers Yearling Vz Blood Chianina Heifer Blood Chianina Heifers with Darns 12 Blood Pinzgauer Heifers with Dams 5 Vi Blood Blonde Bulls with Dams 12 Blood Chianma Bulls with Dams 8 Vz Blood Pinzgauer Bulls with Dams 1 Blood Brown Swiss Heifer with Dam 35 Yearling Brown Swiss Heifers Bred Blonde D'Aquitame GUEST Doug Alberta 4 Vz Blood Normandy Heifers with Dams 6 Blood Gelbveih Heifers with Dams JAY Lethbrldge. Alberta 8 Vz Blood Maine Anjou Heifers with Dams BOB Alberta 4 Hereford Cows Bred Romagnola. to Calve this Fall. October and November. ALSO Blood Limousin Yearling Heifers Bred to Blonde Bulls Guide and Flambar Blood Limousin Heifers with Heifer or Bull Calves at Foot YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. SPECIAL FOR JULY 25 Priirie View Slock Farms Ditpertal ol CattU 35 Head ranging from V3 Blood to CONTRACTORS CONSIGN YOUR NEW AND USED EQUIPMENT TO ANOTHER GIGANTIC EQUIPMENT AUCTION AUGUST 3 a.m. LIST NOWI Contact TONY Sales Phone Coaldale PERLICH BROS. AUCTION MARKET LTD. Located In the Hub of Southern Alberta's Livestock Industry 3 miles eest ol Lethbridge on Highway 3 and mile south BOX LETHBRIDGE T1J4A2 Phone Day or Night OUR NEW PHONE NUMBER 329-3101 Company UewiM No. 071468 JOE PERLICH Lie. 010293 SOB BALOQ Lie. TONY PERLICH Lie. 010292 The rise on Canadian mark' ii'ik'dod a sharp two-day rally on Ntw York market in mid-week sdy the market reversed Friday on news that business bank loan demand figures were slightly higher on the witek Another encouraging they say. ih that U S banks are holding prime rates at present levels The Dow Jones crage of 30 industrials closed Friday 787 94. up 71 on the week Trading was slow at Toronto again this week as investors continued to wait for a positive sign that interest rail's and inflation are abating Volume was 6 49 million shares worth 45 million compared with 6 98 mil- lion shares and million last week Gold futures WINNIPEG Gold futures. I' S funds. Winnipeg Commodity Ex- change close Friday. Jly 74 144 70. Oct 74 149.75. Jan 75- 15525. Apr 75-161 40A. Jly 75- 16740 Thursday s volume. 260 contracts. 100-OUNCE 74 146 20A. 74 I52.20A. Keb 75 158 30A. May 75 16400' Aup 75 169 60 Thursday s volume 123 contracts Gold prlcas LONDON Friday's closing gold prices in U S dollars an ounce London 146 00 Pans 150 59 Frankfurt 147 04 Zurich 146.50 Hong Kong 144 51 Beirut 4.678 a kilo Beef futures WINNIPEG iCPi Live beef lulures close Friday 5400A. Sept 60B. Nov- 49 OOB Jan 48 OOB Thursday's volume No contracts Feed prices WINNIPEG Wheat board domestic feed grain prices 3 cw red spnng wheat 3 Ob. No 1 feed barley 274'j. No I feed oals 1 83 Winnipeg grain WINNII'Kl. All rapeseed futures prated maximum gams of 20 cents in a volume of trade Friday on the close ol the Winnipeg Commodi- ty Exchange Flax also posted good advances but maximum gains ol 30 cents posted earlier in the session fell somewhat near the finish Rje was marginally higher in an uneven demand Thursday's volume of trade Was 598.- 000 bushels ol Max 1.744.000 of rapeseed. and 1 2.11.000 of rye Closing prices Flax JuK 24Ji cents higher 11 2HiB. Ocl one lower Nov 24 higher 10 73B Dec 24 higher 10 68A. Vancouver rapeseed Sept 30 higher 7 Nov 20 higher 7 66'zB. Jan. 20 higher 7 42B. March 20 higher 7 33B Thunder rapeseed July 20 higher 8 07B 20 higher 7 Nov 20 higher 7.24. Doc 20 higher 6.81B. Rye. July 'i higher 3 03B. Oct 1'i higher Dec 2Ji higher 300B. May 2Ji higher Cirain quotes High Low Flax Close Ra Rapeseed 'z Stocks close VANCOUVER Prices were up on moderate trading on the Van- couver stock exchange Friday Closing volume was 2 338 463 shares In the industrials Neonex was un- changed at S2 on 20 000 E D.P. was un- changed at 11 on 3 000 and New Mark was unchanged at 90 on lonarc was unchanged at 52 on 2.500. Venture was unchanged at 30 and Industrial Ulililies International remained at In the mines Comcx was unchanged at .41 'on 248 000. Consolidated Coast Silver was unchanged at 50.on 197.500. Barrier Reef was down 05 at 10 on 193.210 Crown Fortune Channel was at .04 at 38 on 82.400. Exeter Mines was down cent at 29 and Crown Fortune Warrants was down 06 at 15 In the oils was up 05 at 77 on 57.500. Mining was unchang- ed at 31 on 33 500 Vargas was down 01 al 07 on 21.000. Galveston was un- changed at SI 24 on 18 100 Colonial was up 04 al 09 and Coseka was down 10 al 90 MONTREAL Prices were generally higher in hghl fading on the Montreal Stock Exchange Friday Volume at Ihc close was 417.200 shares compared vulh 370.700 at the same lime Thursday Banks rose 2 09 lo 238 53 papers 1.38 lo lib 75. industrials 1 II to 200.88. the composite 1 10 lo 190 64 and utilities 60 lo 128 42 PICTURE BUTTE AUCTION MARKET Ideally located in the centre of a large catlle feeding and hog raiting country. RANCH CALVES FEEDER AND FAT CATTLE JULY 24th 1P.M. 200 to 300 Classes of Cattle HOG and DAIRY CATTLE SALE EVERY SATURDAY at 1 p.m. HOGS ASSEMBLED MONDAY THRU FRIDAY Trucking Government Branding Vaccinating Service Order Buying Feeding Pens For Information and Listings Contact JIM or JOE JURIS Picture Butte Auction Alberta Auction market located 16 miles north ol Lethbridge on Highway 25 Phone 732-4400 PICTURE BUTTE JASPERSON BROS. FARMS NEW BREEDS I DISPERSION SALE July p.m. Perlich Bros. Sales Pavilion. Alberta LISTINGS 3 Yearling Blood Gelbveih heifers Yearling Blood Chianina heifer Blood Chianirra heifers with dams Blood Pinzgauer heifers with dams Blood Blonde Bulls with dams Blood Chianina Bulls with dams Blood Pinzgauer Bulls with dams Vi Blood Brown Swiss heifer with dam Yearling Brown Swiss heifers bred Blonde D'Aquitaine GUEST CONSIGNORS Doug Alberta Blood Normandy heifers with dams Vz Blood Gelbvaih heifers with dams JAY ALBERTA Blood Maine Anjou heifers with dams 1 12 12 5 12 8 1 35 4 6 8 BOB DUNCAN 4 Hereford Cows bred to calve this fall. October and November ALSO- 10 Blood Limousin Yearling Heifers. Bred to Blonde Bulls Guide and Flambar 10 Vt Blood Limousin Heifers with Heifer or Bull Calves at foot PERLICH BROS. AUCTION MARKET LTD. Lacroix rose 'z to Price to International Nickel i to S27S8 and IU Inlernational to MPs while Dominion Bridge fell 'i to 842'4 Among speculative issues. Cons Louanna Gold Mines rose four cents to 76 cents after trading 15.000 shares. TORONTO The Toronto stock market was sharply higher near the close of light trading Friday Hudson s Bay oil gained 1 to MacMillan Bloedel 1 to National Drug to Texasgulf lo and Canadian Tire A Jj lo S39'i. Dominion Bridge losl 1 lo Gibrallar i lo Sunnmgdale i lo George Weslon lo S24-'t. and Coseka 10 cents lo 90 NEW YORK Slock market prices showed little change today afler news of continuing doubledigil infla- tion turned back an early advance The Dow Jones average of 30 in- dustrials closed down 1 15 at 787 94 Among Canadian issues Dome Mines jumped 3'a lo Into 'j io T2811. Alcan to Mclntyre lo Hiram Walker stumbled to M5'i. Canadian Pacific lo Massev Ferguson lo Seagrams closed unchanged al Metals LONDON FndavV closing melals bid-ask in pounds sterling a melnc ton silver m pence a troy ounce Copper-spot 794-796 futures 811-812 Tin-spot 3 b40-3 645. tulures 3 625-3 630 Lead-spot 227-228. futures 225-225 5 Zinc-spot 441-443 futures 442-443 Silver-spot 180-1805. 3 months 1835- 184 OTTAWA Slaughter cattle and calves received at nine public stockyards totalled up 2.175 I torn last the federal agriculture department reported Friday Feeder catlle and calves totalled 7.025. up 1.300 Sheep and lambs numbered up 875 Good lo broad demand in Toronto brought moderate to active trading on A-l and A-2 steers resulting in steady prices Prices on D-l and D-2 cows rose lo early in the week under moderate to broad demand but lost of that by mid-week. Vealer call prices were steady at western centres with strong trading on slaughter steers and heilers A-l and A-2 steer prices rose to 50 in Winnipeg under moderate to broad demand Prices in Calgary and Edmonton rose and rose in Saskatoon. Prices on A-l and A-2 heilers rose 50 to VARIED TRADING Trading on cows was varied in western ceniies Calgary prices closed al 50 higher under broad demand while other centres were to lower Good demand in Toronto on feeder cattle and calves brought steady prices on all classes. In western centres under moderate demand. Edmonton reported on increase of SI on steers of more than 750 pounds Prices on heifers of more than 550 pounds closed 50 cents higher alter a drop Lamb prices were steady in Toronto with good demand and active trading Index 100 hog prices rose S3 in Toron- to Prices rose 70 to SI 80 in Win- rose SI 25 in Edmonton and dropped 30 cenls in Saskaloon STOCKYARD PRICES Slaughler steers A-l and A-2 Calgary 48-51 80. Edmonton 46-48. Saskatoon 4850-52. Winnipeg Toronto 53-55 Hellers. A-i and A-2 Calgarv 39 50- 43 20 Edmonton 36-39 50 Saskatoon 37 50-41 50 Winnipeg 40-42 Toronto 42- 48 D-l and D-2 cows Calgarv 28 Edmonton 28.30. Saskatoon 29-31 Win- nipeg .10-31. Toronto 32-34 Slaughter good and choice veal Edmonton 43-46. Saskaloon 49- Winnipeg Toronto 48-56. Montreal 55-59 Feeder over 750 pounds Calgarv 39-44. Edmonton Saska- loon 33-42 50. Winnipeg 38-40. Toronto 42-4b Feeder steer calves 401-575 pounds Edmonlon 42-46 Saskatoon 34-40- Win- nipeg 38-42. Toronlo 43-47 Good lambs Calgary Ed- monlon Toronlo 55-76 Index 100 hogs dressed Calgary 37- 41 25 Edmonton 41 40- 4020. Winnipeg 3995-4215. Toronto 49 15-50 10 Monlreal 46 50-47 69 Chicago markets CHICAGO Soybean futures closed wilh a gain of 30 cents a bushel on Ihe Board of Trade Friday marking an advance ol more than a bushel in one ucck Limit gains also were posted in soy- bean meal and oil in new crop RITCHIE BROS Preliminary AUCTION NOTICE ALBERTA AUGUST 8.1974 A.M. on behalf of Sunset Pipeline Construction S N Construction others. Late Model Trucking Trailer Equipment featuring Pipeline Side Cat Truck Service Lowboys Backhoes. Anyone wishing to place equipment in this auction may do so by contacting Bill Gronberg at 435-9111 or calling 273-7564. Write for FREE Catalogue RITCHIE BROS. AUCTIONEERS Livestock coin and in oats The nearby July wheat option advanced the limit of 20 cents early then all wheat options gave way to profit-taking and closed lower The demand lor commodities in the soybean complex a.s well as corn oats and wheat appeared lo stem from reports that won1 in trouble in Some areas ol the Middle West lor want ol moisture There also was some concern that gcnernmont production goals jre achieved ihe cost of grains and soybean products will rise At the close sovbeans were 19 to 30 cents higher. Julv 7 4b Chicago wheat to 2'a higher. 35. Gulf wheat not traded- corn I11 lo 10 higher July 340 oats 2 to B higher Julv 1 74J i. Grain quotes Kndaj Wheat Jul 4 Sep 4 41. Dec 4 Mar 4 49. 4 49 Corn Jul 3 Sep 3 33. Dec 3 20 Mar 3 23'i. Mav 324 Oats Jul 1 74Ji Sep 1 72. Dec 1 74. Mar 1 76. Mav 1 75 Porlleh There were 854 head ol livestock sold Ihis week at Perlah Bros Auction Market Ltd Receipts included 532 cat- tle and 322 hogs Price quotations as follows SLAUGHTER CATTLE Cl cows 35 to 3D 50 Dl and D2 cows 31 to 32 75 D4 cows 20 to 29 Bologna bulls JO 50 to '12 Butcher hollers 39 50 to 41 50 REPLACEMENT CATTLE Steer calves 250-400 Ibs 42 to 45 50 Steer calves 100-500 Ibs 43 104650 Steer cahcs-over 500 Ibs 44 to 47 Plain quahU steer calves all weights 38 to 43 Holstem steer calves 34 to 38 Feeder steers un der 800 Ibs 44 lo 47 Feeder steers over 800 Ibs 44 50 to 4h Holstem and steers 18 lo 46 10 Heiier calves 250-400 Ibs 3i lo 39 Heiier calves 400-500 Ibs '16 to 39 Heiier calves over 500 Ibs 36 to 39 DAIRY CATTLE Market hogs luc weight 32 Good ueaners 16 to 19 75 Light neaners U to 15 W Feeders un- der 100 Ibs 30 to 32 Feeders over 100 Ibs 3.i lo 5h 50 Hicd sows and gills 55 to 64 Alberta grain EDMONTON The Alberta Gram Commission jn its weekh report Fri- day said prices on feed grams reflected strength in all areas except Medicine Hat and but little change was noted on oats and barley throughout ihe province The Lethbndge and districl buyers bidding wheat S3 60 oals 50- 75 and barlcv 30-S2 40 From Medicine Hal Brooks area prices quoted are wheat 70. oats 60-S1 65 and barley 50. The Calgary reporter advises wheat 25-S3 80. oats 70 and barley 20-S2 35 Advice from Hed Deer is wheat J300-S375. oals S1.34-S1.50 and barley 20-S2 40 Vermilion no change with wheat S3 20 80 oals SI 15-S1 30 and barley 20 This report Ironi Edmonton shows wheat 76-S3 80 oals SI 38- Sl 55 and 35 while ranges throughout the Peace River arci are wheat S3 00-S3 70 oals 20- 40 and barley S2 05-S2 25 Feed corn S4 25 per bushel fob t'algarv. 30-S3 50 per bushel lob Lethbi idge Egg prices EDMONTON iCI'i Weekly egg and poultry report issued the Icdcral agriculture departmenl EGGS. To producers A large 71 A medium 69 A small 50. B 55. C 18 crai ks 27 To retailers large 81-85 medium small 60-88. ilhree cents extra in cartons i To consumers in cartons i large 85 95 medium 79-91 A small 75 77 To producers Live No 1 dm ken- bnnlepi. 16. Kjndoici iandur- dcr 6 34 Fowl under 4. 4-h under 12 40 12 to 1H 40. ovc-r 18 .18'. Luc 2 diickon b and en or .15' 5 and under b 31 Turkey under 12. 17 12 to 18 over 18 Ib'j Hog prices KDMONTO.N K'Pi Closing prices provided the Alberta hog producers marketing board prices in brackets Edmonton 41 25 i41 250 Llimlinintter 41 25 i i Hogs sold 9 905. average 41 25 sold 242 axcrage 22 50 Box 1057 Alberta Phone 329-3101 920 Bridgeport Road B.C. NATIONWIDE AUCTIONEERS REGULAR CATTLE SALE Monday Sale HOG SALES EVERY WEDNESDAY We will be atieinbllng Market Hoga lor the Merketing Board and tell Weaner and Feeder. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Don't be content to accept one oner at consign your live- stock to us. where you are guaranteed to have the Auction Ring full of Buyers to bid on your product PRAIRIE LIVESTOCK LTD. PHONE TABER-DAY OR NIGHT JOHNNY CHARLTON GARYJENSEN SUMMERTIME CARMANGAY CONSIGNMENT AUCTION SALE TERMS CASH DAY OF SALE Sale Right Across from Elevators in the TOWN OF CARMANGAY LUNCH AVAILABLE July 24 a.m. Sharp We will offer the following by Public Auction. The articles lined below are merely a guide and in no way a warranty or guarantee as to size or and are subject to minor changes as you may find them Ihe day of the sale. Ford tag 18' steel grain box and 534 gas 10 speed road ranger full 10x20 power gal. road Ford Hiway 534 gas 5x2 full gal. road 10x20 tires like new. Nice G M.C. 960 Hiway 366 gas 5x2 full gal. road 1 1974 Chev. ton 350 4 speed high and low aux. sliding rear rear built- in tool boxes. Approx miles at time of listing. Like-new Ford Vz 262 3 speed L.W B. 6 new Dodge 1 6 cyl 4 speed with box and stock racks. 1 1957 Mercury 5 ton with box and hoist 10x20 tires No. 70 gas with PTO F E. WD9 belt new ring job. 10 M.F. 9 M.F. PTO TILLAGE B1-14' Morris rod Victory Blade with sp. 1 15' Victory BJade with wt. Gareau Blades with Jeoffroy cultivator with rod IHC press Cockshutt oneway with seed I.H.C. double Chaff wagon with allied drill drill manure 14' rod Victory blade with spring hitch and weight boxes and John Deere Parts. PTO Magrath grain PTO Magrath grain air furnace. SPECIAL CONSIGNMENT by D.E. J.E. EQUIPMENT MANUFACTURING CO. BRAND NEW 24' Tandem Gooseneck trailer with sliding axles and dual wheels. Till deck Ib. capacity Set of steel stock racks for Vi ton truck COMBINES Deere No. 96 PTO combine with pickup and straw chopper. Nice No. 30 16' PTO Swather Harris No. 27 combine with McCoy Renn Massey-Ferguson self-propelled swather. Froyhoff single end with gooseneck 5th wheel triple dual wheels with grain box 5th flat electric flat new 10x20 new custom gooseneck with tilt deck sliding DC 180 amp. Remington Gamemaster used only Vz box like motor fiberglass over completely reconditioned with 60 H.P. Gale elec. start excellent trailer with hyd. H.P. electric start Evmrude boat single axle Merriam Holiday trailer fully self Lacoma camper with built-in cup- boards styrofoam etc. Like new used twice. AUCTIONEER'S The equipment in this sale is in generally top condition with a good number of Items which are next lo new. So come and bid with confidence at this worthwhile sale. More consignments expected by sale time. FARMERS AND Special consignment of John Deere Parts. Large quanity of new parts. Tractor parts up to 5020 tractors. combine parts. etc. swather eio. Drill rod plow etc. '.arge quantity of hyd. etc. ON SPOT IAC FINANCING AVAILABLE SALE CONDUCTED BY EGLAND AUCTIONS ALBERTA CLERK CASHIERS GEOFF OeBOER Ph. 757-2419 RON SUANES Ph. 757-2108 Ph. 739-2207 AUCTIONEERS ALLEN EGLAND DEAN OSEEN Lie. -010101 Lie. -0103M Phone 643-2108 Phone 739-2185 ALTA. ALTA.