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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 25, 1970, Lethbridge, Alberta lehirdny, Juty THI IfTHMIDOl HHULD II Ottawa Weekly Livestock Report OTTAWA (CP) Cattle de- h'veries at the 10 public stock- yards from Monday to .Thurs- day this week totalled about up about from the previous week and about more than in the correspond- ing week a year ago. There was little change in the volume of beef cattle ex- ports to the United States last week, which accounted for only 562 head of slaughter cattle, says the federal agriculture de- partment's weekly livestock re- port. Offerings of cattle at public stockyards were slightly high- er. Trading on most classes and grades of butchers con- tinues the uneven trend of re- cent weeks both in prices and demand. Steers were generally steady to lower, and heifers mainly steady to 50 cents down. Cows varied from an cents higher to lower and bulls from 50 cents higher to 50 cents down. Feeder cattle met a good de- mand at steady prices, and calves were generally steady to slightly lower for the week. Hog prices were unevenly high- er to lower for the week, and good lambs from higher to lower. Choice steers: Montreal 32.50 to 33.75; Toronto 31.50 to 33; Winnipeg 30.50 to 31; Saska- toon 28.75 to 30; Edmonton 29 to 29.50; Calgary 29.50 to 30.50. Good heifers: Montreal 25.25 to 26.75; Toronto 27.50 to 29; Winnipeg 26.50 to 27; Saskatoon 24.75 to 25.75; Edmonton 25.75 to 26.25; Calgary 26.25 to 27. Good cows: Montreal 22.50 to 24.75; Toronto 22.50 to 23.50; Winnipeg 22 to 23; Saskatoon 21.50 to 22.50; Edmonton 20 to 21; Calgary 21.50 to 22.20. Good feeder steers: Toronto 33 to 37; Winnipeg 30 to 36; Saskatoon 29 to 33; Edmonton 29 to 38; Cdgary 29 to 34.25. Good and choice veal calves: Montreal 40 to 43; Toronto 34 to 48; Winnipeg 42 to 45; Saska- toon 36; Edmonton 40 to 45; Calgary 46 to 50. lambs: Montreal 28 to 85; Toronto 34 to 38; Winnipeg 27 to 30; Saskatoon 26.25; Cal- gary 22.25. Basic hogs: Montreal 31; To- ronto 32.15 to 33.45; Winnipeg 27.60 to 29.90; Saskatoon 26.60 to 27.90; Edmonton 27.50 to 28.60; Calgary 27.75 to 28.90. Poriich Livestock There were 585 head of live- stock sold at Perlich Bros. Auc- tion Market Ltd. this week. Receipts included 250 cattle and 335 hogs. The cattle mar- ket was steady with a good de- mand for all classes of fat and feeder cattle. Good Duality heif- ers that would make replace- ment stock sold higher this week. Price quotations were as SLAUGHTER CATTLE Good to low choice steers 29.50 to 30.00. Choice heifers 27 to 27.30; good 26.50 to 27.00. Good cows 21 to 22.10; medium 19 to 20.50; canners and cut- ters 16.50 to 18.50. Bulls: 26.50. REPLACEMENT CATTLE Short keep feeder steers 850 to 1.000 Ibs. 29 to 31.10; feeder steers 600 to 800 Ibs. 30 to 32.70; lightweight stock steers and steer calves 34 to 40.25; feeder and replacement heifers 650 to 800 Ibs. 27 to 30.25; heif- ers 400 to 600 Ibs. 33 to 36.25. There were not enough feeder cows to establish a firm quota- tion. HOGS AND DAIRY CATTLE The weaner and feeder hog market showed an improved demand from local and out of province buyers. Feeder hogs were 3 to 5 dollars higher. Weaners 13 to 16.50; light weaners 10 to 13.00; light; feed- ers 20 to 28.00, depending on weight and quality. Heavy feed- ers sold to 34.00 with odd sales higher. Bred gilts 55 to 70.00. There were no dairy cattle on offer this week. Beef Futures WINNIPEG The Win- nipeg live beef futures market was fairly quiet Friday. Open High Low Close Thur. Sep 29.60 S75 29.60 29.70 29.70 Nov 29.00N 2.00 Jan 29.00A 29.00A Potato Futures WINNIPEG (CP) The Mari- ttmes potato futures market had some bids Friday, but few trades. Open High Low Close Thur. Nov 2.35N 2.35 Mar 2.55A 2.57N Apr 2.6SA 2.70A May 2.90B 2.90B Smitty's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridge to open about Octo- ber, 1970. Cash required approximately Capital investment returned in ap- proximately four years. For further information write or phone SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CAIGARY, Alberta. 263-5683 (403) PRAIRIE LIVESTOCK LTD. SALE EVERY MONDAY AT p.m. Let Us Take the Worry Out of Your Livestock Sales our contacts with professional order buyers, plus your early consignment, means lop prices for yaul PRAIRIE LIVESTOCK LTD. (FORMERLY HANDIEY-JENSEN LIVESTOCK LTD.) PHONE 223-3921, TABER DAY OR NIGHT Auctioneer: Salts Manager JOHNNY CHARLTON GARY JENSEN lie. 293 Livestock Report Lethbridge Livestock (Supplied by Canada Department of Agriculture) Sales Monday to Thursday 307 cattle; 10 calves; 1626 hogs; 52 sheep. SUMMARY Cattle prices unevenly steady to 25 or more lower in spots. Replacement cattle steady to strong. Light receipts due to Exhibition. Cattle market ac- tive. Good and choice butcher steers meeting reasonably good demand, prices weak to 25 low- er. Medium grades opened 50 or more lower, most of ttos loss regained on late week trading. Good and choice butcher heifers met good de- mand at steady rates. Medium and good cows about steady. Bulls steady. Medium and good stacker and feeder cattle met good lo- cal demand, at steady to strong prices. Exports butcher hogs 51 bead slaughter cattle. SLAUGHTER CATTLE Steers, choice 29.50 to 29.90; good 28.25 to 29.25; medium 26.00 to 28.00. Heifers, choice 27.00 to 27.50; good 26.00 to 26.75; medium 25.00 to 26.00. Cows, good 21.00 to 21.75; me- dium 19.50 to 20.50; Banners and cutters 16.00 to 19.00. Bulls, good 26.00 to 27.00. REPLACEMENT CATTLE Good heavy feeder steers over 850 Ibs. 29.00 to 30.50. Good light stock steers. 31.00 to 32.75. Good feeder heifers 26.00 to 28.50. HOGS AND LAMBS Butcher hogs sold this week f.o.b. Lethbridge 27.50 to 28.75 base price. There were butcher hogs sold for export this week. Good lambs at 26.00. Portland Livestock PORTLAND (AP) Cattle and calves compared last week and a year ago. Compared close of last week, slaughter cows mostly steady after 50-1.00 advance Monday on utility and commercial over Shell Firm Earnings Decline TORONTO (CP) Shell Can- ada Ltd. announced here a decrease in income per share and forecast a continuation of the factors that caused it. Net income for the first half of 1970 was or 73 cents a Class. A common share. For the same period last year income was 75 cents a Class A share. "Sales of refined products and natural gas, and production of crude oil and natural gas liquids were higher than last the company said in a news release. "But the benefits of these in- creases were more than offset by lower sulphur revenues, in- creased exploration expendi- tures and additional debt charges." A decrease to exploration ex- penses and higher sales vol- umes are forecast for the sec- ond half of the year. But the company expects the benefits to be offset by "weakness in sul- phur prices, increased income taxes and continuing inflation- ary pressures on costs which are not being reflected in prod- uct prices." Ibs.; vealers and slaugh- ter calves strong to 1.50 high- er. Slaughter steers high; good and choice Ibs. 29.90 to 31.60, most good 25 to 29.25; slaughter heifers few mixed d and choice 730 to 850 Ibs. 28.25 to 29.50. Slaughter bulls commer c 1 a 1 and good 24 to 29.50; vealers choice 34 to 37.50, good 31 to 34; slaughter calves good and choice 30 to 32; feeders steer calves mainly individuals, choice and prime 34.50 to 42; steers choice 600 to Ibs. 26.50 to 31.60, good 24 to 27; heifer calves choice 31.50 to 37.50, good 30 to 33; heifers choice 550 to 750 Ibs, 26 to 28.70. Hogs 225, compared previous week largely steady Monday, but closed 75 lower; barrows and gilts No. 1-2 187 to 245 Ibs. 26.50 to 27.30; sows No. 1-2 295 to 495 Ibs. 20.75 to 22.75; feed- is small tot 146 Ibs. 24.50. Sheep compared last week and 985 a year ago; compared previous week slaughter spring lambs 25 to 50 feeder lambs steady to higher; slaughter spring lambs choice and prime 90 to 113 Ibs. 28.50 to 28; slaughter ewes utility to choice 6.25 to 8; feeder lambs few lots choice and fancy 70 to 80 Ibs. 25 to 25.60. Peigan Girls Camps Scheduled PINCHER CREEK (Special) Peigan Reserve girls in the age groups of 10 to 13 years are being sought to take part in a summer camp program, during the first two weeks in August. These camps will each be one week long. Those interested in attending should have their parents or guardians contact the Napi Friendship Association, Box 657, Pincher Creek (located in the Co-op Building) for further information. Hog Prices EDMONTON (CP) Closing prices Friday provided by the Alberta Hog Producers Mar- keting Board: Edmonton: Quoted 28.25 to 29.50, average 28.95. Red Deer: Quoted 28.25 to 28.65. Average 28.54. Calgary: Quoted 28.10 to 29.25. Average 28.88. Lethbridge: Quoted 28.95 to 29.40. Average 29.13. L1 o y dminster: No sales. Grande Prairie: No sales. Hogs sold Provincial average 28.90. Total sows sold 62, range 17.50 to 18.50, aver- age 18.04. FIND POT PLANTS ATHENS, Ohio (AP) Four marijuana plants ranging in height from seven to nine feet were discovered Wednesday on the Ohio University golf course. Authorities didn't know if Hie marijuana was planted or grew wild. But Sheriff Harold Shields said the pot was "the finest I've seen in 22 years of police work." BATA SHOE STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for ihoe store or ladies wear store APPIY: Stan's Men's Wear 321 5th St. S. Bond Prices Supplied by Boberty and McCualg GOVHNMINT Of CANADA IOND1 Bid Asked 6 Apr. 1, '71 100.15 4W% Sept. 1, '72 95.80 96.45 514% Oct. 1, T5 92.00 83.50 8 Jly. 1, '78 102.00 103.50 Sept 1, "83 73.50 75.00 Perp S Sept 15 38.75 42.25 or CANADA aUAIANIlID IONDI Con. NO. Ihrr. IM AiM 5 May 15 '77 83.75 86.25 Jan 1 '85 77.75 80.25 novmciAi Ontario Ont Hyd New B Nfld. N.S. Quebec Alta Man Hyd 9 Sask. Nfld 914% ACT 8 Man Tel 8 8 614% '88 83.75 86.25 '94 104.75 106.25 '90 103.75 106.25 '74 95.75 98.25 '92 74.26 76.75 '74 95.25 97.50 '90 102.75 104.25 '90 103.25 1M.75 '88 84.25 86.75 '90 101.75 104.25 '74 99.25 100.75 '74 99.25 100.75 INDUSTIIAl Alta Gas 611% '81 80.75 83.25 Alum Can 7 '73 88.25 90.75 Bank N.S. 7 '87 80.75 83.25 Bell Tel 8 '77 98.75 101.25 B.A. Oil 5t's% '77 79.25 81.75 Cdn Brew 5 '83 66.75 70.25 Cdn Chem 7 '80 85.75 88.25 CPR 5 '83 70.25 72.75 Cdn WNG 5% '83 67.75 Con Gas 514% '82 72.25 74.75 Domtar '87 75.75 78.25 T Eaton '87 82.25 84.50 GM Ac 7 '86 77.00 79.50 Husky Oil '87 75.75 78.25 Imp Oil '88 83.75 86.25 I.A.C. 714% '86 81.50 84.00 Labatt '87 73.50 76.00 Loblaw '81 72.75 75.25 Mac B '78 78.25 80.25 N C Gas 614% 72.75 Shell Oil '77 79.75 82.25 Tr. Can 5.85% '87 68.75 71.25 Tr Fin '87 80.75 83.25 West Tr 514% '88 64.75 67.25 CONVHTItUf Cons Gas 514% '89 79.75 82.25 Dynasty Ex 7 '82 74.75 80.2S Scurry R 7Ki% '88 79.75 85.25 AFTER THE VERDICT Former Newark Mayor Hugh J. Arldonizio sits in car after being convicted In federal court in Trentoir, N.J., for conspiracy and extortion. PRESENTS CREDENTIALS GEORGETOWN, Guyana (Reuters) Canada's new high commissioner to Guyana, John A. Stiles, presented his creden- tials to President Arthur Chung at a ceremony at Guyana House Thursday. Stocks Jump On Three Days By ART JOHNSON Cintdin Presi Staff Writer Canadian markets con- tinued to show general up- trend this week with advances posted on three of the five trad- ing days. Moderate price advances In most sectors, however, failed to spur investors' interest which has been at low ebb for several weeks. On the Toronto stock market, a total of shares changed hands during the week, compared with during the previous five sessions. By contrast, investors bought or sold shares during the corresponding week in 1969. As one observer pointed out- the lisBessness which pervades stock markets is more than just the usual summer doldrums. OILS CLIMB The best advances were made in western oil issues which con- tinued their recovery climb. The Toronto exchange's western oil index advanced 7.30 points to 142.51 on (he week, after moving up 9.46 poinst last week. Analysts say the upward movement in oil stocks is Bond Prices Rise TORONTO (CP; Prices on the Canadian bond market closed higher in active trading. Prices, which rose steadily during the earlier part of the week, eased fractionally Fri- day when a Canada refund issue expected by investors was not introduced. Short and mid term issues remained generally unchanged while the long term issues were up a point Major corporate issues gained from to 1 point. There were several new is- sues during the week. The province of Newfound- land introduced a new issue Monday totalling The per cent, Aug. 15 issue sold at par to yield 9Vi per cent. United Dommi.no Corp. of Canada Ltd. introduced an is- sue totalling Tues- day. The 9% per cent, Aug. H 1990 issue sold at yield 9.80 per cent. F u n dy Forest Industries floated an issue on Thursday worth This 9% per cent Aug. 15 1990 issue sold at to yield 9.91 per cent. A new issue by the cHy of Edmonton Friday totalled This per cent Sept. 1, 1990 issue sold at 98.75 to yield 9.39 per cent. Midland Osier Securities Ltd: reported that investor reaction to ail the new issues was good and most issues now are trad- ing at a premium. Day to day money traded at per cent Friday. Three and six month treasury bills traded at 9.82 and 5.80 per cent, re- spectively. FORM FOUNDATION TORONTO (CP) Seven To- ronto doctors and businessmen have formed the Canadian He- pafitic Foundation to support re- search into causes and cures of liver diseases. They will begin1 fund-raising in August. RECREATIONAL THERAPIST Plans, organiies and co-ordinates all recreational activities af the Alberta Hospital in Cloresholrn, Supervises sub- ordinate staff in the direction of recreational and thera- peutic activities. Requires university graduation in a related field with experience in recreational therapy. Salary range to per month, dependent upon qualifications and experience. Competition No. DH-C-1, Closes August 6, 1970. Enquiries, correspondence and to: MR. J. JUSTUS, Supervisor of Personnel, Room 107, Administration Building, Depart mint of Health, Edmonton 6, Alberta. Rhodesia Offers Unique Opportunity May we encourage your interest in attractive employ- ment opportunities we con offer in Rhodesia? Exceptional climate, excellent school and health facilities, sophisticated amenities, congenial working conditions and well-paid The life is second to none. You will find you pay consider- ably less tox, have a lower cost of living and enjoy higher itandards than you ever thought possible. The field is wide open for considerable numbers of skilled workers and professional officers. We hove immedi- ate vacancies for qualified Auto-Electricians, Boilermakers, and Technicians. Economists, Geologists, etc. We can arrange assistance with transport in many cases. No Fees charged for our placement services. Write for further details or post this coupon to Rhodesian Agencies, P.B. Causeway, Salisbury, Rhodesia. RHODESIAN AGENCIES, P.B. 711, CAUSEWAY, SALIS- BURY, RHODESIA. Please send me further details on Situations Vacant. NAME ADDRESS................................ DATE OCCUPATION............................ ALTERNATIVE QUALIFICATIONS .....................AGE MARRIED..............SINGLE............ CHILDREN..............AGES........... Code LH. 25 mostly recovery action. The oil index reached a high in January this year of 226.50 before sliding back more than 100 points dur- ing the bear scwiocs of April and May. Markets surged ahead on Monday, posting their sixth con- secutive rally session. Profit- taking from the .long period of advance brought prices down Tuesday however. Wildcat Well Scheduled CALGARY (CP) Texaco Exploration Co. will drill a wildcat well on Brion Island in the Gulf of St. Lawrence some- time this summer, a company spokesman said here. The well will be drilled to a depth of feet by a Texaco subsidiary, La Societe de Recherches PetroHeres Ltee., which has entered an explora- tion agreement with Hydro Quebec, a government corpora- tion. Hj-dro Quebec holds the nat- ural gas leases on the explora- tion area. Operator for the well will be Peter Bawden Drilling Ser- vice Ltd. of Calgary, the spokesman said. Brion Island is atait 120 miles southeast of Anticost Is- land. NET EARNINGS By THE CANADIAN PRESS Great Plains Development Co. of Canada Ltd. six months ended June 30: 67 cents a share; 58 cents. S out him Press Ltd., six months ended June 30: 1970, a share; 1969, a share. H. H. Smith Ltd. Customs Broker coins Markets resumed the upward surge Wednesday. Some ana- lysts observed that markets re- acted favorably to any of peace in world trouble spots. Wednesday's strength was at- tributed to a statement by tht Viet Cong that members of the current Saigon government were welcome in a coalition government in South Vietnam. PRICES SOAR When the report first filtered through to investors, prices soared sharply upward. The rally was partially deflated however, when further reports stated that the Viet Cong offer was not new and did not neces- sarily mean a breakthrough in peace talks. Similarly, markets jumped upward' late Thursday when President Nasser of Egypt indi- cated he would be willing to cept the United States' propos- als for a peaceful settlement erf the Mid-East crisis. On index at Toronto, golds advanosi 2.30 to 153.85, basa metals .39 to 91.56 and industri- als 1.18 to 154.98. Gains outnumbered losses 38! to 245 with 291 issues un- changed. At the Montreal and Canadian exchanges, the composite index was up 1.75 to 152.51. Combined volume wai shares, down from last week. Advances outnumbered dec- lines 170 to 143 with 94 issues unchanged. LABATT APPOINTMENT D. W. BRESLIN The appointment of Mr. D. W. Breslin as Alberta Sales Man- ager Is announced by Mr. W. E. Pearson, Vica President and General Manager o? Labatt's Alberta Brewery Lim- ited. Mr. Breslin has been with Labatt's since 1960, and most recently held Sales Supervis- ory positions in British Col- umbia and Alberta, THE STOCKMAKS MARKET Join the many formers and ranchers who market In our modern facilities. HOG SALES EVERY TUESDAY P.M. WEANED AND FEEDER HOOJ BROOD SOWS-BOARS BABY CALVES-DAIRY COWS, ETC. REGULAR CATTLE SALES THURS.-l P.M. Stacker Feeder and Fat Cattle SPECIAL DAIRY SALE 15 Top Quality HOLSTEIN HEIFERS Fresh I to 3 weeks These are strong, well-bred, 2 year old Holstein H si fen, from one owner. SELLING Tuesday, July 28-2 p.m. LARGE LUMBER AUCTION Tuesday, August 4th Following The Hog Board Feet 2x4, 2x6, 2x8, 2x10, 4x6, 4x1. Rough and Planed, Varioui Lengths. Perlich Bros. Auction Market Ltd. Located In (hi hub of Southern Alberta's livestock in- dustry 3 milei