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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 27, 1974, Lethbridge, Alberta Post-election stock rally in third week The Herald Business Livestock Ottawa Parllch By WENDY ROSEN The Canadian Press The rally that began after the July 8 federal election continued this week as prices on major Canadian stock markets rose tor the third consecutive week. Inflation has sent interest rates higher and seven major banks have followed Bank of Montreal's lead and raised their prime lending rates by one-half percentage point to 11'i per cent. The Bank of Canada Wednesday rais- Alberta Chianina Association CATTLE TOUR Southern Region August 1st and 2nd Cattlemen and wives and all other interested persons are invited to attend and join the entire tour or at least go to some of the display areas located closest to you. You'll see half of the purebred Chianina Cattle in North America plus many half bred crosses and some bred. ITINERARY AUGUST 1 p.m. Registration at Roundup El Rancho Motor Lethbridge. Wine and Cheese party. Guest speaker and film. AUGUST 2 at El Rancho Motor Hotel parking lot to start stop Niedermier and Big West Livestock Ltd. 5 miles straight east of drive-in theatre at the junction of Highway 4 and 5 in Lethbridge. a.m. Lindy's SL Lindy Smith. Wilson Siding. a.m. Beaton's Farm and Ranch. New Dayton. Noon meet at the Heritage Motor Hotel at Taber for lunch. p.m. Purple Springs Cattle Co. and Brewin Purple Springs. p.m. Can-Am Chianina Ltd.. Coaldale. p.m. Alex Sera Coaldale. p.m. Lethbridge Research Station. Canada Dept. of Agriculture. AUGUST A.M. Leave Lethbridge and meet at a.m. at Exotic Breeders Ranch at Stavely. Tour will then continue to Calgary area until August 4th and then on to Edmonton August 5th. -For further details regarding Hotel please contact Roy area tele- phone 328-6245 Lethbridge. PRODUCTION SALE Shelterbelt Farms and Guest Consignors AUG. 1 P.M. Stampede Grounds Alberta Heifer Pairs Blood Bull Bull Pairs Blood Bull Blood Bred Bred Heifers Heifers Cows cows with Blood Heifer Calves HAYES STREBERG LTD. S.W. Alberta Phone 261-9855 THE STOCKMAN'S MARKET HOGS SELL at 1 p.m. Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily I Live Weight and Dressed Basis I YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. Special Thurs. August 1st 80 yearling heifers from one owner CONTRACTORS CONSIGN YOUR NEW AND USED EQUIPMENT TO ANOTHER GIGANTIC EQUIPMENT AUCTION SATURDAY. AUGUST a.m. LIST NOWI Contact TONY Sales Phone Coaldale ________________See Listing on Page 10 PERLICH BROS. AUCTION MARKIT LTD. Located In the Hub of Southern Livettock Induttry 3 ceil of Lethbridge on Highway 3 and mile aouth BOX LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Company UCMIM No. 071406 JOE PERLICH Lie. 010293 BOB BALOQ TONY PERLICH Lie. 067454 Lie. 010202 ed Us bank interest rale the central bank charges on loans lo chartered a record 9' i per up one-half percentage point. The officials was to keep the bank rale more in tune with current interest rales in an effort to slow the continuing general loan expansion. It was the fourth increase since April and the eighth since 1973. Although these increases in ihernselves would normally be a darnpener on the a three-day rally on the New York market sent volume and value on the Cana- dian markets higher. Al New the market was sharp- ly lower Thursday in anticipation of a speech on the economy by President Nixon. News that business bank loans declined this week was not enough lo offsel news that June's trade deficit wiped oul Ihe surplus built up in the previous five months. But observers say they are en- couraged that U.S. banks are holding prime rates al presenl levels. The Dow Jones average of 30 in- dustrials was higher for the consecutive week. The which Wednesday topped the 800 level for the first time since July closed at 795.68. up 7.74 on the week The Toronto industrial market clos- ed at up 3.45 on the week while at industrials rose 6.18 on the week to closed Friday at 207.27. Gold shares observers say. as a result of buying stimulated by political considerations as well as a firming trend in the price of bullion. At the gold index rose 7.77 on Ihe week to close Friday at 525.34. Base metals and weslern oil reacting to the government's apparent modifying stand on resource industry were both higher. Metals rose 3.29 on the week lo close at 83.85 while western oils closed at 192.79. up 8.84. Some of the gam in both sectors was attributed lo improving earning results At the composite index rose 4.98 lo close Friday at 195-64. Volume was 3.93 million shares worth S27.06 million. At volume Tuesday reached 1.79 million shares woilh both highs since June 7. Volume for the week was 8.35 million shares worth million compared with 6.49 million shares and million last week. Dollar value MONTREAL U.S. dollar in terms of Canadian funds at the close Friday was up 1-5 at 31-50. Pound sterling was up '.2 at In New the Canadian dollar was down 21-100 at 11-25 Pound .sterling was up 3-100 at 1-5. Stocks TORONTO The stock market was fractionally higher at the close of light trading today. Preliminary index figures had in- dustrials up .10 to 190.56. golds down 18.6 to base metals up .57 to 53.93 and western oils up .14 to 192.79. Final volume was 1.66 million shares compared with 1.76 million Thursday. In industrials. Hudson's Bay Oil gained 1 to Domtar to Canadian Tire A to Burns Food 3-j to SI I' 2 and TransCanada Pipe to SlO'.z. Crown Life lost 2 to Western Broadcasting B 1 to Bow Valley 1 to S17V TD Realty to and InterProvmcial Pipe 3'i to Falconbridge Copper was up Hi to S12. Hollinger A I'l to and Denison '2 to Dome Mines fell to and Madsen to 90 cents. Decca Resources rose 25 cents to S3.30. Ranger was off to Pan Ocean to and Peyto VANCOUVER Prices were up in heavy trading on the Vancouver Stock Exchange Friday. Volume was 3.338.787 shares. In the industrials. PWA led trading up at on 7.800 shares. IU International was down 37'2 at on 5.100 shares. Mercuria was un- changed at .08 on 3.000 shares and Canlerra was down .01 at .35 on shares. Weldwood was unchanged at and Bank of British Columbia Reallv Warrants were unchanged at In the Gladiator was up .15 at .24'2 on 372.000 shares. Cypress was up 09 at on shares. Con- solidated Beaumont was up .11 at .41 on 266.000 shares and Barrier Reef was up .25 at on 218.270 shares. Exeter Mines was up .O3''z at .34 and Con- solidated Coast Silver was down .01 at .55. In the oils. Princess was up .01 at .25 on 65.550 shares. Payette was down 11 at .46 on Cop-Ex Mining was down .01 at .34 on 24.800 shares and Coynex was up .20 at on 22.960 shares. Seneca Developments was down .01 at .74 and Payette Warrants were down .04'.2 at .09. NEW YORK The slock market continued to pull back today in light trading amid concern over the stability of the international banking system and other worries. The Dow Jones Average of 30 in- dustrials closed down 11.11 at 784.57. Among Canadian issues. Mclntyre picked up Hi to Dome Mines fell to Hiram Walker to Alcan to Seagrams Vi to Massey Ferguson to Inco Va to Canadian Pacific was unchanged at Chicago markets CHICAGO Strong demand pushed some commodity futures to their limits on the Board of Trade Fri- day after the government reduced its projections for soybean and corn crops. Limit gains included 20 cents a bushel in a ton in soy- bean meal. 150 points in soybean oil and 10 cents a bushel in some corn contracts. The government report issued after Tuesday's closing lowered estimates for soybeans to a range of 1.315-1.415 billion bushels and 5.590-6.220 billion bushels for corn. Soybean meal and soybean oil jumped immediately to limits and remained there throughout the day. Traders said that the demand for 25 millions bushels of soybeans were without sellers. The limit will be increased Monday lo 30 cents a bushel for soybeans and a ton for meal. The limit for soybean oil was increased Thursday to 150 points and that limit will continue through Tuesday. Corn opened at limit levels but dipped in active trading early in the session. rose to near limit levels bv the session's end Bonds GOVT OF CANADA BONDS Oct. 96.10 Jul. 95.00 96.00 Sept 72.87 Sept 66.00 68.00 Sept 15 P 32.00 34.00 Apr. 98.20 98.30 Jul. 98.20 98.40 PROV PROVINCIAL GUARANTEED BONDS '90 87.50 88.50 '88 75.50 76.50 '94 88.00 89.00 '90 99.00 '92 68.00 69.00 74 98.50 '90 98.50 79.50 80.50 '90 88.00 89.00 '90 98.50 '74 99.25 '74 99.25 Alta Ont Ont H NB NS Oue Alta Man H Sask Ntld AGT MGT REGULAR CATTLE SALE Monday Sale REMEMBER HOG SALES EVERY WEDNESDAY We will be assembling Market Hogs the Marketing Board and sell Weaner and Feeder. Hogs at 1 p.m. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Don't be content to accept one offer at consign your live- stock to us. where you are guaranteed to have thR Auction Ring full of Buyers to bid on your product. PRAIRIE LIVESTOCK LTD. PHONE OR NIGHT JOHNNY CHARLTON Manager GARY JENSEN PICTURE BUTTE AUCTION MARKET Ideally located In the centre ol a large cattle feeding and hog raiting country. RANCH CALVES FEEDER AND FAT CATTLE WED.. JULY 31 SI 1P.M. 200 to 300 Classes of Cattle HOG and DAIRY CATTLE SALE EVERY SATURDAY at 1p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY Government Veterinary Service Feeding Pens For Information and Contact JIM or JOE JURIS Trucking Branding Vaccinating Order Buying Picture Bulte Auction Alberta Auction marKet located 16 north ol Lethbridge on Highway 25 Phone 732-4400 PICTURE BUTTE '88 87.00 92.00 '90 125.00 130.00 '89 68.00 71.00 '88 77.00 81.00 '88 65.00 68.00 '91 87.00 89.00 Alberta grain EDMONTON The Alberta Grain Commission in its weekly report Fri- day said while wheat prices are generally rising in practically all other prices are remaining com- paratively stable. In this we are also quoting the Vancouver cash rapeseed price. The Lethbridge reporter advises wheat oats barley From- Medicine Hat Brooks prices quoted are wheat oats and barley Calgary buyers reported bidding wheat S3.25-S3.90. oats and barley From' Red Deer prices are wheat S3.55-S3.85. oats and barley Vermilion prices remaining un- changed with wheat oats and barley S2.00-J2.20. Edmonton buyers offering wheat oats and barley Prices from Peace River country ranging wheat S3.00-S4.25. oats and barley Feed per bushel f.o.b. Lethbridge. July 25. 1974. Vancouver cash rapeseed ranged up to per bushel. Egg prices EDMONTON Weekly egg and poultry report issued by the federal agriculture To A A medium A small B C cracks 27. To A large A medium A small cents extra in To consumers A large A medium A small 75-81. To Live No. I chicken broilers. 6 and 5 and un- der 34. Fowl under turkey under 12 lo 18. over 18. Live No. 2 chicken 6 and over. 5 and under 6. turkey under 12 In tO 10 OTTAWA Receipts of slaughter cattle and calves at nine public stockyards totalled up 325 from last the federal agriculture department reported Friday. Feeder cattle and calves for sale were up 2.450 head. Sheep and lambs totalled 3.000. up 625. In prices on A-l and A-2 steers rose under broad demand and strong trading. Heifer prices rose under moderate to broad demand and strong trading. Dull trading and light Demand for cows brought a drop. Veal calves sold at steady prices under moderate to narrow demand. Prices on A-l and A-2 steers in Win- nipeg and Saskatoon were steady. In Edmonton the price rose at mid- in Calgary closing gains made up for early losses. Heifer prices were steady in Win- nipeg. to lower in and higher in Edmonton. In Calgary ear- ly losses on heifers were regained at market close. Cow prices at most western centres dropped S2 to except at Calgary where closing gains made up for early losses. FEEDER TRADE MODERATE Trading on feeder cattle and calves was moderate in Toronto under moderate demand. Prices on steers of more than 750 pounds rose while prices on heifers of more than 550 pounds dropped to Prices on steers of more than 750 pounds rose to in Winnipeg and in remaining steady at Calgary and Edmonton. Prices on steer calves rose to in Winnipeg but dropped in Edmonton. New crop lambs brought moderate trading and steady prices in Toronto. Index 100 hog prices rose to in Toronto. to in Winnipeg. in Saskatoon. in Calgary and in Edmonton. STOCKYARD QUOTATIONS Slaughter steers A-l and Calgary Edmonton Saskatoon Winnipeg Toronto 54-56. Heifers. A-l and Calgary 40.50- 44 Saskatoon 36- Winnipeg Toronto 43-49. D-l and U-2 Calgary Edmonton Saskatoon Win- nipeg Toronto Montreal 35-37. Slaughter good and choice Edmonton Saskatoon Toronto Montreal 54-56. Feeder steers over 750 Calgary Edmonton Saskatoon Winnipeg Toronto 42-47. Feeder steer calves 401-575 Edmonton Saskatoon Winnipeg Toronto 43-47. Good Calgary Edmonton Saskatoon Toronto 55-70. Index 100 hogs Calgary 42.50-43 Edmonton Saskatoon Winnipeg Toronto Montreal 52.40-53.79. Calgary CALGARY Sales at the Calgary livestock market Friday totalled 890 cattle. 229 calves and 206 hogs. Slock calves lacked quality with pood kinds scarce. Medium to good slock steer calves more than pounds 38-45.80. Medium to good stock heifer calves over 400 pounds 34-38.50. Tlie rest of the cattle report was un- changed. Hogs base price 44.50. Sales for week ended Jjly cattle calves hogs 1.585. An active wheat session opened strongly but contracts dipped to 6 to 10 cent losses at the close. Oats gained slightly. At the soybeans remained at 20 cents higher. August Chicago wheat 6 to 10 cents September Gulf wheat not corn 10 cents higher. September oats to 4'.i higher. September Grain quotes Sept Dec 4.66. Mar 4.67. May 4.61. Dec Mar May July 3.61 V2. Sept Dec 1.92. Mar 1.96. Mav 1.98. Winnipeg grain WINNIPEG Flax and rapeseed futures advanced the max- imum limits on active trading Friday on the Winnipeg Commodity Ex- change. Barley futures were also ranging up lo 16 cents while feed wheat and oats were generally steady Rye. lost between five and seven cents on selling pressure. The volume of trade Thursday was bushels of flax. of rapeseed. 225.000 of oats. of barley. 81.000 of feed wheat and 1.137.- 000 of rye. Closing Thunder Bay July 20 centt Oct. 20 higher Nov 20 higher Dec. 20 higher 7.81B. Vancouver Sept. 20 cents higher Nov. 20 higher Jan. 20 higher 8.42B. Mar. 20 higher 8.33B. July 30 cents higher Oct. 30 higher Nov. 30 higher 12 Dec. 30 higher 12.19'4. Feed Oct. unchanged Dec. six higher May unchanged 4.35N. Oct. 10 cents higher Dec. IB'.i higher May 14 higher 3.12B. Oct. three cents higher Dec. unchanged May two higher 1.98. July cents lower Oct. 6'i lower May 5'2 lower 3.18'2B. Grain quotes Friday High Low Close Rapeseed Thunder Bay Jly 917 Oct 831 Nov 824 Dec 781 Rapeseed Vancouver Sept 875 Nov 35631 Jan 842 Mar 833 Flax Jly 1268 Ocl 1247 Nov 1227 Dec 1219'4 Feed Wheat Oct. 432 427 427 Dec 436 May 435 Barley Oct 306 312'2 Dec 311'z 301'2 May 312 302 312 Oals Oct 201 200 200 Dec 200 May 198 Rye Jly 322 316'z 317'2 Ocl 330 317'2 320 Dec 322'2 314'-z 315'i Mav 318'a There were head of livestock sold this week at Perlich Bros. Auction Market Ltd_. Receipts included 894 cat- tle and hogs. Butcher steers and heifers and short keep feeder cattle met a good demand. All other classes met buyer resistance at lower prices. Cow calf pairs and plain cattle very hard to move even at lower prices. Price quolations as follows. SLAUGHTER CATTLE Al and A2 steers 50 to 53.40. llols- tein steers 41 to 41.75. Al and A2 heifers 40 to 42.40. Dl and D2 cows 23 to 27.50. D4 cows 18 to 23. Shel- ly cows 10 to 17. Bologna bulls 25 to 30. Butcher bulls 30 to 32.10. REPLACEMENT CATTLE Slecr calves 250-400 Ibs. 40 to 41. Steer calves 400-500 Ibs. 40 to 42. Steer calves over 500 Ibs. 42 to 44.25. Plain quality steer calves all weights 35 to 40. Holstein steer calves 30 to 31. Feeder steers un- der 800 Ibs. 40 to 45.25. Feeder steers over 800 Ibs. 42 to 47.60. Heifer calves 400-500 Ibs. 30 to 33 Plain quality heifer calves 28 to 3C. Feeder heifers 34 lo'37. Feeder cows 20 to 24. DAIRY CATTLE All classes of weaner and feeder hogs met an improved demand. Market hogs dressed weight 42.55 to 43.55. Good weaners 17 to 22. Light weaners 10 lo 16. Feeders under 100 Ibs. 24 to 33. Feeders over 100 Ibs. 53. Bred sows and gilts 64 to 92. Baby calves 57 lo 110. Lethbridge Prices al Lelhbridge. Monday to 115 132 hogs. H8U lambs. SUMMARY Slaughter sioers and heilcrs sold readily on Wednesday's salt' but mel increased Iradc pressures on Friday Slaughter cows sold about steady. Replacement cattle aboul steady. Trade moderately active. Medium and good stoc-ker and feeder calile mecling good demand from local at about stead v prices. SLAUGHTER CATTLE Al and A2 51.50-52.70. Al and A2 41.10-43.20. Dl and D2 25-28.10. D3 -22- 24. D4 19-22. 27-30.40. REPLACEMENT CATTLE Good heavy feeder steers over Ibs. 43.90-45.70. Good leeder steers 500-700 Ibs. 35-45. Good feeder heifers 34-37. Good stock steer calves 40-47.25. Good leeder cows 22-28.30 HOGS AND LAMBS Butcher hogs sold this week at Hie Lelhbridge Yards 42.50-43.50 base price. There were 1.489 hogs sold for export. All classes of wearier and feeder- liogs meeting un improved demand. Weaners 15.75-21. Light feeders under 100 Ibs. 23.75-28.25. Heavy feeders 100-130 Ibs. 39-40. Bred sows gills 60-95. Boars 60-100. Good lambs 43-45. Hog prices EDMONTON iCTl Average clos- ing prices Friday provided by the Alberla Hog Producers Marketing Board Thursday average in 44.51 143.541 44.52 143.541. Hod 44.54 lings sold 3.SB2 average 44.52 total sows sold average 24.00 Alberta Public Stockyards Highway No. 3 CASH FOR YOUR LIVESTOCK EVERY BUSINESS DAY OF THE YEAR with MAXIMUM DEMANDS DAY IN AND DAY MATCH YOUR SELLING SKILLS WITH THE SKILLS OF PROFESSIONAL BUYERS We buy Fat Cattle Lambs also Butcher and Feeder Hogs MAKE ALL MARKET FORCES WORK FOR YOU CONSIGN YOUR AND SHEEP TO THE PROFESSIONAL MARKET MEN AT The Lethbridge Public Stockyard Highway No. 3 East If you are in need of feeder Cattle we will fill you order to your specifications satisfaction CALL YOUR CO-OP 327-4010 ;