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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 2, 1973, Lethbridge, Alberta 26 THl UTHBRIDG8 HERALD Snturdoy, June J, 'Oil export controls aim for Eastern vote CALGARY (CP) The fed-1 eral government's decision to i control exports of crude oil; from Canada is strictly a poli- j tical move aimed at getting a j bigger share of Eastern dian votes, the president of I Ranger Oil (Canada) Ltd said j Friday. Jack Pierce told the corn-] pany's annual meeting controls are not needed at this time and i only serve to complicate and; further hinder the petroleum industry in Western Canada j The United States market for Canadian crude was built i up over the last 20 years by I the Alberta producing Indus-i try because Eastern Canada would not buv Western Cana-1 dian crude, electing to purchase cheaper foreign crude, he said. "From now on this foreign crude may end up being no cheaper than Western Cana- dian crude, so now Eastern Can- ada is looking our way." If the federal government, using its lever of gas export control attempts to sell its federally owned Arctic gas at lull retail prices to the Unit- ed states while Alberta gas continues to move to Eastern Canadian markets are fire-sale prices, the reaction in Alberta could be very serious, he said. WEAK ARGUMENT Mr. Pierce said the argu- ments of Ontario Premier Wil- liam for the continue- Grain Prices tion of low gas prices to the east are very weak. This was illustrated by Ontario's heast- ily rescinded seven-per-cent tax on natural gas. "Most of the price of Al- berta natural gas to Ontario consumers is made up of taxes and transportation .costs. The net return to the Alberta pro- ducer is so low that a doubling of the wellhead price would mean an increase of only about 10 per cent to the eastern con- sumer." The energy component in the average Eastern Canadian in- dustry is only two per cent of total manufacturing costs, he said. Eastern demands for low- priced gas were equivalent to Western Canada demanding that a Montreal clothing manu- facturer supply men's suits at one-third the price available on the world export market. WINNIPEG Most prices were slightly higher at the close following a se-saw performance in active trade on the Friday Winnipeg commod- ity exchange close. Flax was lower, in the nearby months, while rape- eeed prices closed higher. Oats, barley and rye all closed moderately higher. Thursday's volume of trade bushels of flax. of rye and 3.700.000 of rapeseed. Overseas clearances ot wheat included 83.000 bushels to Japan and to the Soviet Union. Export wheat prices. Thun- der Bay: 1 CW 13.5 PCT pro- tein 3.00; 12.5 PCT 2.94. 11.5 PCT 2.88: 2 CW 13.5 PCT 296: 12.5 PCT 2.90: 11.5 PCT 2.84. 3 2.68: 1 durum 3.25V 2 durum 3 durum 4 durum 3.11V I Grain quotes i Lakehead. i High Flax Jlv 574 Oft 535 Nov----- Dec 483 Friday (basis Low Close 557 520 478 Rapeseed Vancouver June 426 Sep 429 415 Nov 427 411 Jan 418 40412 Rapeseed Thunder Bay 560 523 510 483 424 426s 425 418 423 414 302 Jly Oct Nov Dec Oats Jly 125 Oct 12-o '2 Dee Barley .Jly Oct Dec Rye Jlj Oct 398 391 119-g 182s 181 1S9 180Ji 178 "'4 Dec 188 191 187 423 412 392 383 122 19034 182 178's 185'i 187 2 185' 2 THE STOCKMEN'S MARKET 300 TO 500 HOGS SEU. TOES., at 1 p.m. ALSO -DAIRY COWS -BABY CALVES -SHEEP SPECIAL FOR. TUESDAY, JUNE 5th 10 BABY CALVES 30 EWES and LAMBS Market Hogs Shipped Daily 800 YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday 1 p.m. HEAD 800 GIGANTIC CONSIGNMENT EQUIPMENT AUCTION SAT. JUNE 9th 10 a.m. For information contact TONY VIRGINILLO Phone 345-4291 FOR COMPLETE LISTING TURN TO PACE 25 GORDON ROSS DAIRY DISPERSION Tues., June 12-3 p.m. 35 Holstein and Brown Swiss Cows SUMMERTIME EXOTIC SALE WED., JUNE 27th 1 p.m. EXPECTING 200 EXOTIC FEMALES forty listings 70 Vt Maine Anjou Heifer calves with Dams 20 Vj Chianina Heifer calves with 2 Simmental Heifers with Heifer 10 Vi Simmental Heifers (fared) 10 Vi Simmental Heifers (open) 10 Vt Blonde D'Aquitaine Heifer calves with Dams 3 Vi Murray Grey Heifers (open) 4 Rising 2 year old Maine Anjou Heifers (to coif in August) 4 yearling Maine Anjou Heifers (bred) 10 cows fared Tarinjaise PLAN TO ATTEND THE FOREMOST 4-H BEEF CLUB SHOW AND SALE FRIDAY, JUNE 8th AT 2 P.M. PERLICH BROS. AUCTION MARKET LTD. Located in Hub of Southern Alberta's livestock Indurtrf 3 miles east of Lethbridge on Highway 3 and mile teuth BOX 1057, LETHBRIDGE PHONE DAY OR NIGHT 328-3951 Underwriting .loss up on car insurance TORONTO (CP) The iin- i derwriting loss from automobile insurance handled by the ail- i company Facility for calendar iyear 1972 was million, compared with million in 1971. 1 The Facility is a pooling ar- rangement set up by the Cana- i dian car insurance companies i in 1968 to insure some young drivers and motorists with poor driving records. It replaced the much criticized provincial-as- signed risk plans. Computerized supermarket A cashier packages supermarket items as computer at right rings up prices auto- matically. Each item has a coded symbol which is identified by the scanner as it passes ovsr the slot in foreground. The price then appears on the screen. Supermarket spokes- men say such computerized checkout counters will be in use across the nation within a few years. Government urged to modify grain storage charges OTTAWA (CP) The Com- mons agriculture committee urged the government Thursday to modify grain storage charges, slap surcharges on soft fruit imports tighten up controls on exotic cattle im- ports. But it dismissed suggestions by Eli 13 Nesdoly (NDP- Meadow Lake) that an annual federal contribution to the Canada Grains Council be scrapped. In its last session dea'l'g with the agriculture department's spending must i be referred back to the Com- irons at the end of May each j Horner I tleford-Kindersley) won support Bv ANNE FOTHEREVGHAM I for a motion that would do MONTREAL (CP) Millions away with levies charged for storing feed grain in eastern Shipyards paralysed by dispute Livestock market report Ottawa Livestock OTTAWA (CP) Receipts of cattie and gnea risiv piaua. whittakpr general'ilc stockyards from Monday to JS5S. JSSfWSS experience g'reatly deteriorated iin 1972. largely as a result of 1 inadequate premium rates for j this substandard class of busi- ness amid the general environ- ment of increases in claims costs and car accidents. 688, up 5.600 from the previous hohda> week. The agriculture department said Friday there was a broad demand for slaughter cattle in the west while demand narrow- ed in the east lowering prices. A-l and A-2 steer prices rang- ed between 50 tents and Toronto 46 50-47.50; Montreal to 45 70. feeder cows 32 45-46.6P i 35.90; cow-calf pairs 380 Heifers, A-t and A-2: Cal-j445- gary 43-44.50: Edmonton 42.50- HOGS AXD DAIRY CATTLE ,19 C-act.-ot.vm dl of dollars worth of shipbuilding and repair work at two Quebec shipyards is paralysed by labor disputes involving new con- aracts for mm. Marine Industries Ltd. in So- 40 miles northeast of here, closed May 17. claiming its 2.- 500 men had staged an illegal walkout. Davie Shipbuilding Ltd. in Lauzon shut down May 3 following alleged acts of vio- lence by workers protesting lag- ging contract talks. .A spokesman for Marine In- dustries said Wednesday the shutdown has halted work on an Sll-million contract for an ice- breaking ferry for us 2 on the lower St. Lawrence River as as construction of seven cargo ships for two French owners and a tanker for French Lines Ltd. "The keel for the ferry was 43.50: Saskatoon 41.25-43.30; Winnipeg 43-44; Toronto 43.50- 45. Poultry, meal prices to be hiked again LANGLEY, B.C. Meat and poultry retail prices will rise sharply within the next month because of a national, crisis in stock feed costs. Brit- ish Columbia Feed Producers report. "The situation is beyond our control." Bill Ritchie, chair- man of the B.C. Feed Manufac- turers Association, said at a conference here. "It isn't our intention to cause alarm, but we want the facts understood by the public Mr. Ritchie said all sanity is gone in some grain supply areas, with Canadian exporters getting their record prices by shipping out of the country and creating domestic shortages. He added that many local feed manufacturers' contracts with grain and meal suppliers will terminate soon and prices of new contracts could bring a desperate situation. B.C. producers pay pre- miums of from S12 to a ton for prairies grain because they must buy through the Canadian Wheat Board while prairie feed I men are free to shop around for I supplies, he said. D-l and D-2 cows: Calgary 34.25-36: Edmonton Sas- katoon 36-38.50; Winnipeg 38.50- 39.50; Toronto 35-36. lower. higher while eastern prices held to last week's quota- good and choice veal. Edmonton Sa5katoon 54: Winnipeg 60-75; Toronto 47.53; Montreal 63-69. Feeder steers over 750, pounds: Calgary 42-48.oO; Ed- for A-l and'mcmton Saskatoon 43-1 steady Market hogs dressed weight 43.20 to 43.35; live weight 34.05, good weaners 24 to 50; light 19 to 23; feeders under 100 Ibs. 35 to 39; over 100 4i.50 to 56.25; bred sows and gilts 105 to 220; baby ralves 102 to 125; light calves 130 to 160, to 450. dairv cows 330 supposed to be laid last week but now, who knows when work will begin." At the Davie Shipbuilding yards in near Quebec construction has been held up on two tankers and a Cana- dian destroyer. Repairs to a freighter also are being de- layed. "The whole of the shipyard is terminal elevators. "These charges remind me of Mafia protection charges in the said Mr. Horner. "There is a definite feeling that there is an inequality here." said Jack Murta Agriculture Minister Eugene Whelan told the committee he does not believe he has the au- thority to change the charges but said if improper levies are being made his department will look into them. CONSIDER SURCHARGE George WMttaker Okanagan Boundary) sponsored a motion asking consideration for "an automatic surcharge" on soft fruits imported from the United States. Mr. Whittaker's motion said cherries and pears grown in the Pacific northwest of the U.S. are offered on the Canadian market at the end of the U.S. season but the beginning of the Canadian, depressing prices. Mr. Xhelan said he met with B.C. fruit growers a week ago and had promised to look into the possibility of using surtax legislation. Another motion from Mr. me wr.oie 01 me bureau said company Homer asking for more strict r __, frtntrnlc nn irr.rtntTs; Of ftXOtlC j steady i tions. Receipts of feeder cattle and calves increased more than 000 head. About were of- fered Wholesale meat prices con- tinued climbing. Prices quot- ed here for the week ending May 24. Steer carcases sold at to in the west while east- ern prices ranged between 70 to Heifer prices also were high- er at to in the west and to LAMBS STEADY Lamb carcases were steady to lower with western prices ranging between and S99.50 and eastern prices be- tween and Pork bellies in the west bounced between and and the eastern price was Pork hams were uneven with the western price at and eastern prices ranging between to S68.75. Slaughter cattle, steers A-l and A-2: Calgary 46-47.70: Ed- monton 45.50-46.50; Saskatoon 4547.50; Winnipeg 46.50-47.50; 44-48. Feeder steer calves 401-575 pounds: Calgary 47-53.50; Ed- monton 47-60: Saskatoon 48- 57.50; Winnipeg 51-55; Toronto 52-58. Good lambs: Calgary 34-37 50; Edmonton 38. Macieod Livestock FORT On offer this week by Fort Macieod Auc- tion Market were 1.023 head of cattle and calves. i feeder orders taking back most I of the fat steers. Improved cent rains, was reflected on the stocker steer and heifer market. Choice steers 46-46.70: med- ium steers 45-46; choice heifers 43-43.70; medium heifers 42.30- 42.75. Good cows 36-37.30: medium REGULAR CATTLE SALE EVERY MONDAY AT A.M. Special For Monday, June 5th 110 warmed-up heifers from one owner Don't be content to accept one offer flt home, consign your livestock to us, where you are guaranteed to hove the Auction Ring full of to bid on your product. BE SURE TO ATTEND THE FOREMOST 4-H BEEF CLUB SHOW AND SALE Friday, June 8th PRAIRIE LIVESTOCK LTD. PHONI 2934921, TABfR DAY OR NIGHT Auctioneer: JOHNNY CHARLTON Lie. 293 Sales Manager GARY JENSEN gary 42.6o-43.4o; Edmionton 43.15-43.70; Saskatoon 43.50-45; Winnipeg 43.75-47.05; Toronto 48.50-19.60; Montreal 44.50. Leth bridge Livestock Sales Monday to Friday 170 I eo: cauners and cut- cattle: 187 calves; hogs; j ters 30.33; heifery kinds 39.25; balogna bulls 37.90-39.90. Good Short Keep feeder steers (950 to pounds) 46-47; good Green strs. (450 to 650 pounds') 50-57. Heavy feeder heifers 43-45: good green heifers 47-50: with replacement heifers over 600 pounds selling to 52.25. Taber Livestock eooci SIOCK neiier titivca -50. .ju- i 45- good stock cows with calf j Trade was very active v.ith at'foot 3S5-470 per pair. all classes showing an increas- ed demand. All classes of feed- er catrfe gained or better. Weaner and feeder hogs re- j 41 lambs. i SLAUGHTER CATTLE I Steers: Al and A2 45-46.80; heifers: Al and A2 42-43.50; cows: Dl and D2 34.50-36.35, D3 32-34, D4 30-32; bulls: 36-33. REPLACEMENT CATTLE Good heavy feeder steers over 800 Ibs. 42.60-47.60. good feeders steers under 800 Ibs. 46- 52, good feeder heifers 42-14.10; good stock heifer calves 43.50- spokesman Michel Blais. CONTRACTS EXPIRED The men at Sorel and Lauzon have been working without con- tracts since Dec. 31. The Ma- rine Industries employees can strike legally June 3. The Davie workers hsld an il- legal walkout April 59 but re- turned to work April 24. They have had the legal right to strike since May 12 but their unions says it will not call a strike vote unless the company resumes operations and shows it wants to negotiate in "good faith." Major stumbling block In ne- gotiations for both contracts is salary demands. Maurice Boucher, president of the Federation of Steel Mine and Chemical Workers, an affil- iate of the Confederation of Na- tional Trade chief ne- gotiator for both says there is no question of a union common front. Mr. Boucher said in an inter- v'ew the last contracts for the two groups were "almost identi- cal" but settlement at one ship- yard would have no bearing on the other dispute. The Marine Industries spokes- said the two cclitracts HOGS AND LAMBS Butcher hogs sold this week at the Lethbridge Yards 43.10- 43.55 base price. All classes of weaner and feeder hogs met good demand, prices up to higher in spots. Weaners 18-32.25. Light feeders under 100 Ibs 30-35. Heavy feed- ers 100-130 Ibs. 33-47.25. Heavy feeders over 130 Ibs. 47-55.25 all prices per head. Light feeders under 100 Ibs. sold from 35.50- 65 per cwt. Heavy feeders over 100 Ibs. sold from 29.25-55.25 per cwt. Bred sows and gilts 80-155. Boars 60-137.50 per head. Good lambs 32-36. Perlich Livestock i There were head of mained steady. Good cows, 35.50 to 36.80; fair to medium, 32 to 35. Canners, 26 to 31. Bulls. 35.50 to 39. Good feeder steers over 800 Ibs., 46 to 47.90, fair to med- ium, 44.50 to 46. Good feeder heifers, 43.50 to 45; fair to medium, 41.50 to 43.25. Good steer to 58.50: fair to medium, 50 to 54.50. Good heifer calves, 47 to 49.50; fair to medium, 44.50 to 46.75. Baby calves, 75 to 167.50. Weaner hogs, 18 to 26.50; light feeders, 30 to 41; heavy feeders, 44 to 65. controls on imports of exotic cattle was also passed by the committee. Mr. Horner said close checks are needed to pre- vent such cattle from carrying disease into the country. Mr. Nesdoly was the sold sup- porter for his motion that the contribution by the agriculture department to the Canada Grains Council be reduced to Mr. Nesdoly said the group was supposed to carry out re- search and distribute informa- tion but the job was being done better and more effectively by the agriculture department and other agencies. "This is basically a front for he said before his motion was defeated. man mail ._ being negotiated are "very dif- fernt" and that Mr. Boucher had requested the two com- panies to "deal differently' with him. The spokesman did not elaborate. Conciliations talks in Sorel have been suspended since May 10 and Mr. Boucher said nego- tiations in Lauzon also are sus- pended. Gold futures WINNIPEG (CP) Gold fu- tures, U.S. funds, Winnipeg Commodity Exchange close Fri- 119.50: 117.50, Oct. 73 123.10; 121.0CB: Jan 74 H27.00A; 121.008; Apr 74 130.75B 127.70B; Jly 74 135 134.50A. Thursday's volume: 50 con- tracts. day. Jly 73 New company MONTREAL (CP) The Royal Bank of Canada an- nounced Thursday it has joined with the Inchcape Group of Britain to form InchRoy Credit Corp. Ltd., a joint venture fi- nance and investment company to be based in Hong Kong. Announcement of the new company, which will eventually have branches in Singapore and in Malaysia as well as Hong Kong, was made simultaneously here and in London, Hong Kong and Singapore. The Royal Bank said it and Inchcape Far East Ltd. each own 30 per cent of InchRoy with the remaining 40 per cent being held by Inchcape Bertiad Sing- apore. Initially the company's activi- ties will be directed towards supplying consumer finance fa- cilities for a number of In- chcape companies which sell cars, trucks and consumer du- rables to the public. Beef futures WINNIPEG (CP) Live beef futures close Friday. Jly 47.00A; Sep 45.80B; Nov 45.10B; Jan 45.00B. Thursday's volume: Seven contracts. livestock sold this week at Per lich Bros. Auction Market Ltd. j Receipts included cattle and 575 hogs. Cattle market met a strong demand from local and out-of-area buyers. Price quotations as Mows: SLAUGHTER CATTLE Al and A2 steers 46.50 to 47.25, Al and A2 heifers 42 to 42.80; Dl and D2 cows _ 33 to 35.70: D4 COWS 27 to 32.50; bologna bulb 38 to 40.10. REPLACEMENT CATTLE Steer calves Ibs. 55 to 60; 400-500 Ibs. 54 to 58.50; over 500 Ibs. 52 to 57.25; under 800 Ibs. 4V to 50.60; over 800 Ibs. 46 to 48; hototein and shortkeep steers 43.10 to 47.90; heifer calves 250-400 Ibs. 48 to 57; 400-500 Ibs. 45 to 48.75; over 500 Ibs. 44 to 48.SO; plain quality heifer calves 40 to M; feeder beifen 4UO PICTURE BUTTE AUCTION MARKET FEEDER CALF Ideally located in the centre of a large cattle Feeding and Available t Trucking Branding t Vaccinating t Order Buying Government Veterinary AND FAT CATTLE Feeding Pens Raising t'euntry HOG and DAIRY CATTLE SALE Saturday at 1 p.m. SPECIAL IS BABY CALVES JUNE 6th 400 HEAD For Information and fittings contact Butt- Auction Market Picture Alta. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY JIM or JOE JURIS 732-4400 Picture Butte Auction located 16 north of Lothbridge Highway 25 ._____ ;