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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 8, 1974, Lethbridge, Alberta LETHBRIDGE June The Herald Business Winnipeg grain WINNIPEG Vancouver rapesced prices were generally stronger in a moderate volume of trade Friday at the close on the Winnipeg Commodity Exchange. Thunder Bay futures were narrowly easier, flax posted moderate declines and rye was generally firm to stronger. Thursday's volume of trade was 349.000 bushels of flax. 1.599.000 of rapeseed and 1.364.000 of rye. Closing prices: Flax: July seven lower. 9.49V, Oct. 6's higher' 9.29'z; Nov. unchanged H.OOB: Dec. two lower. 8.28B. Vancouver Rapeseed: June 20 higher. 8.06'iB: Sept. one lower 7.34; Nov six lower, 6.25B: Jan. five lower. 6.15A. Thunder Bay rapeseed: July one lower. 7.14B; Oct. 3'z lower. 6.24'zA: Nov. 2's lower, 6.24'sA; Dec. 6.00A. Rye: July 234 higher. 2.683iB; Oct. 34 "higher, 2.59; Dec. 1'.3 higher. May unchanged 2.SON Grain quotes Friday Lakehead: High Low Flax Jul 949'2 930' z Oct 929'2 905 Nov Dec Rapeseed Vancouver Jun Sep "37'2 Nov 62834 623 Jan Rapeseed Thunder Bay Jly 715 Oct -628 624 >.2 Nov Dec Rye Jly' 269 264'2 Oct 259 254'2 Dec 256 252' 4 Mav basis Owe 949' 2 929' z 900 806 ''4 734 625 615 714 624 '2 624' 2 600 259 2553. 250 Chicago markets CHICAGO i API Grain and metal futures were much in demand on commodity futures exchanges in the t'nited States this week. Wheat, corn and oats gained from 5 to 15 cents a bushel, "but soybeans, meal and oil declined. Silver futures increased up to 32 cents an ounce in New York, while copper gained 750 points and cotton up to 54 a bale. Cocoa futures increased about 250 points, while coffee futures were unchanged to 100 points higher. Wool futures were down as much as 9 cents and frozen concentrated orange juice SO points. Pork belly futures fell to their lowest levels in fw'o years on the merchantile exchange on losses ranging to 500 points. Live cattle declined S2.35 a hundredweight and live hogs up to nearly S3 a hundredweight. Shell eggs Gold prices LONDON (AP) Friday's closing gold prices in U.S.-dollars an ounce: London 155.00 Paris 163.95 Frankfurt 159.21 Zurich 155.50 Hong Kong 154.27 Beirut 5.123 a kilo. also closed on a weak tone. The demand for wheat, corn and oats was activated by weather developments. SPECULATION Soybeans, meal and oil came under some speculative selling after trade sources noted that some farmers in the U.S. might divert acreage to soybeans if they cannot get their corn into the ground. The demand for silver futures was linked most of the time to gold prices nnd hopes that the U.S. government will permit citizen ownership of gold. Copper and cocoa also rose on speculative demand and cotton advanced on buying linked with the weather. Heavier cattle movements and lower cash level prices influenced sellers of cattle and hog futures. Pork bellies fell back on selling with hog prices and large stocks. At the close on the board of trade Friday. Chicago wheat was 12 to 15 cents a bushel higher. July 3.65: Gulf hard red wheat 8 higher. July 3.90N: corn 6 to 11 higher. July 2.78: oats 5 to 9 higher. July 1.40's: soybeans 5'.i to 8'.z lower. July 5.42: soybean oil 25 to 140 points lower. July 27.50: and soybean meal 2.50 lower" to 50 higher. July 109.50. Grain quotes Friday: Wheat: Jul 3.65: Sept 3.70: Dec 3.82: Mar 3.87: May 3.89. Corn: Jul 2.78: Sept 2.63: Dec 2.43: Mar 2.49: May 2.52'-z Oats: July 1.4'0'2 Sept 1.37; Dec 1.41: Mar THE STOCKMAN'S MARKET HOGS SELL Tues., at 1 p.m. Dairy Cows Baby Calves Sheep SPECIAL Tuesday at p.m. RAY PETERSON HOLSTEIN DAIRY COW DISPERSAL 52 Head Top Quality Holstein Milk Market Hogs Shipped Daily Live Weight and Dressed Basis YEARLING f FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. ALBERTA SUMMER 2 BREED SPECIAL SALE WON, JUNE 24th-11a.m. gOSMlENTJtUOMUElUUOU FEMALES. SPECIAL! SIMMENTAL BULL PURBRED Tattoo TTw-CII Ear tog TTw C11. Bom July 10, 1973 Sire: Otto 461668. Dam: Elvira 482864. Consigned bjr Hjrgrade Lhmtock Ltd. June 111h Sal. June I5ih Leltibridge Herald. to attend ttw 4-H SALES IN YOUR AREA Monday, June 10 Pinctwr Creek p.m. PERLICH BROS. AUCTION MARKET LTD. Located ir> (ha Hub of Southern Induvirjr 3 milm of LeThbridge on Highway 3 and south BOX 1057, LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Company N o. O71465 AUCTIONEERS: JOE PERLICH Uc. 010293 BOB BALOG UC. 087454 TONY PERLICH Lie 010292 Seeding start Gordon Fossay, who has a farm near Winnipeg, watches some Neepawa wheat flow into his seed- ing drill and hopes for drier weather to make his task easier. Heavy rain- fall has delayed seeding in much of Manitoba. Egg prices EDMONTON iCP) Weekly egg and poultry report issued by the federal agriculture department: EGGS To producers; A large 71: A medium 69' A small 50. B 55: C 18: cracks 32. To retailers: A large 83-86: A medium 80-84: A small 67-70. (Three cents extra in cartons) To consumers (in A large 91-95: A medium 83-91; A small 75-79. POULTRY To producers: Live No. 1 chicken broilers. 36: 6 and over. 5 and under 6. 34 Fowl under 4. 10-12. Turkey under 12. 44: 12 to 18. 44: over 18.'41. Live No. 2 chicken 6 and over. 5 and under H. 31. Turkey under 12. 41 12 to 18. 41: over 18." 39. Ottawa OTTAWA (CP) Slaughter cattle and claves for sale at nine public stockyards this week totalled 19.475. down 3.300 from last week. Feeder cattle and calves for sale were 6.475. down 5.300 head. Sheep and lambs numbered 1.725. down 725 from last week. Good demand for all classes of slaughter cattle throughout the week, brought active trading. Prices rose SI.50 to S2 for A-l and A-2 steers. to for A-l and A-2 heifers and for A-l and A-2 cows. In western centres trading for slaughter cattle was mainly confined to Winnipeg. In other areas there were market uncertainties because of labor problems in the packing industry. In Winnipeg, prices rose SI.50 on A-l and A-2 steers and S2 on A-l and A-2 heifers under broad demand. Prices on D-l and D-2 cows rose S2 in early trading and another S2.50 in midweek under strong trading. Prices of A-l and A-2 steers were 50 cents to SI higher in midweek and rose again SI at closing under broad demand. GOOD DEMAND Calgary at closing reported D-l and D-2 cow prices up SI.50 to S2 under good demand. Vealer calf prices in Toronto were uneven, down S2 early in the week but ending in narrow gains under broad demand. All classes of steer cattle and calves at all centres brought moderate to ALBERTA GOVERNMENT TELEPHONES AUCTION SALE Monday, June p.m. at Shell Service Lot Magrath, Alberta 300 Poles, 600 Cross Arms Sale conducted by PERLICH BROS. AUCTION MARKET LTD. Company Lie. 071456 Phone 329-3101 JOE PERLICH Lie. 010293 P.O. Box 1057, Lethbridge BOB BALOG Lie. 067454 TONY PERLICH Lie. 010292 REGULAR CATTLE SALE Regular Monday Sale RfcMEMBER... HOG WEDNESDAY will 1or MarV Boaid and ssll Meaner ana Feeder NO BE SOLD MONDAYS LAH CATTLE SALES W ILL r.ONTlM K EVERY MONDAY Dof'lsrii to 91 hontg, I'vs- ID us. where you are guaranteed 10 have the Auction full of Buyers to bid on your product. PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR NIGHT Auctioneer: muuuv 'Yftu S0ws wanaoflT jllnniriT uc. 293 GARY JENSEN Livestock good demand and steady prices throughout the week. Prices on new-crop Iambs were down in Toronto at midweek under moderate demand but recovered at closing with strong trading. Index 100 hog prices in Toronto were steady most of the week but gained S3.75 at closing. In Winnipeg prices were steady but dropped SI.50 in Saskatoon. Alberta centres reported closing increases of SI for limited sales. STOCKYARD PRICES Slaughter cattle, steers A-l and A-2: Saskatoon 46.50-48.40: Winnipeg 49- 50.50; Toronto 48-49.50. Heifers. A-l and A-2: Calgary 39-42: Edmonton 41-41.50: Saskatoon 40.50-42: Winnipeg 42-44: Toronto 44-46. D-l and D-2 cows: Calgary 28-32.50: Saskatoon 31-32.75: Winnipeg 34.50- 36.50: Toronto 32-34. Slaughter calves, good and choice veal: Winnipeg 70-80: Toronto 50-58: Montreal 58-60. Feeder steers of more than 750 pounds: Calgary 40-47.50; Edmonton 40-44: Saskatoon 35-43: Winnipeg 40-44: Toronto 43-47. Feeder steer calves 401-575 pounds: Edmonton 45-51; Saskatoon 33-48.75: Winnipeg 40-48; Toronto 46-53. Good lambs: Edmonton 40. Index 100 hogs dressed: Calgary 34.50: Edmonton 34.50: Saskatoon 35.05-36.05: Winnipeg 36.65-36.70: Toronto 40.05-45.85: Montreal 39.51- 39.64. Hog prices EDMONTON tCPi Average closing prices Friday provided by the Alberta hog producers marketing board. Thursday average in brackets: Edmonton: 35.04 115.001. Red Deer: 35.00 <35.18i. Lethbridge: Nil Total hogs sold 3.310 average 34.99 total sows sold 7 average 18.52. Perllch There were 303 head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 237 cattle and 66 hogs. The receipts were extremely light due to the closure of major packing plants. The market was 1 to 2 dollars stronger with an active demand for all classes offered. Price quotations as follows: SLAUGHTER CATTLE Al and A2 steers to 49.50. Al and A2 heifers 40 to 41 with subsidy: Dl and D2 cows, none on offer; D4 cows 25 to 29: Bologna bulls to 29. REPLACEMENT CATTLE Steer calves 400-500 Ibs. 47 to 49: Steer calves over 500 Ibs. 45 to 46; Heifer calves over 500 Ibs. 35 to 37.85; Feeder heifers 37 to 40.60: Cow calf pairs 325- to 460. HOGS, DAIRY CATTLE The butcher hog market was at a stand still and there were no hogs assembled this week at the market. Good weaners 12.25 to 16.75. feeders over 100 Ibs. 23.25 to 37: bred sows and gilts 60 to 67.50: baby calves 50 to 75; light calves to 137.50. Peterson dairy dispersion of 52 top quality Holsteins June 18 at 2 p.m. Calgary CALGARY iCP) Friday's sales at the Calgary stockyards were: 392 cattle. 196 calves. Good feeder steers under 750 pounds 44-45.60. sales to 55.60. Good feeder heifers 551 pounds and up 3H-40. sales to 43. Good stock steer calves over 400 pounds 45-51. The rest of the cattle report is unchanged. No hogs sold at Calgary. Earnings By THE CANADIAN PRESS Canadian Imperial Bank of Commerce, six months ended April 30: 1974. S48.041.398: 1973. S4I.748.931. Cochenour Willans Gold Mines Ltd.. year ended Dec. 31: 1973. S188.668 loss, five rents a share: 1972. S317.312. eight cents Coldstream Mines Ltd.. year ended Dec. 31: 1973. SI.07 a share: 1972. SI. 177.000. 58 cents. Elks Stores Ltd.. year ended Jan. 26: 1974. S598.191. 81 cents a share: 1973. 90 cents. Siebens Oil and Gas Ltd.. six months ended April 30: 1974. 17 cents a share; 1973. 15 cents. Sleep Rock Iron Mines Ltd.. three months ended March 31: 1974. S83.561. one cent a share: 1973. S194.406. two cents Wainoco Oil Ltd.. year ended Dec. 31: W3. S1.0W.13R. 33 cents a share: 1972. S921.147. 30 cents. Dividends THE CANADIAN PRESS Dividends arc quarterly unless otherwise Canadian Imperial Bank of Cvminnre. 28 Aug. 1. recnni -lunr 29 Honhcs and Owens Co. Lid.. 40 renls. .Inly 15. rerord .lime 35. Madeleine Mines Ltd.. W cents interim. Jimr 2K m-nrd -iune 14. Marilimr Klcclric Co. Ud.. IS rents. .Tuly 1. .lunc 14 Premier TrosJ Co.. 2fl cents. July 1. record -luTir 14 Reader's Discs! Association 'Canada 11Jd.. 2-i rmts. an inrrcasf of rrnl. .lime 2fl. m-ird June 12. TransCanada Pipelines Ltd.. 52 SO plr! rrnti. 75 nld. sews A. <3laa ffnit. 2nd pM scries A. rxni-.. jill paysWi- ADC 1. record June 2'l VAP Inc.. Hsss A. 22ernls. .1-unc H. Zeller's Ltd., three months ended April 30: 1974. three cents a share: 1973. two cents. Dupuis Freres Ltd., year ended .Ian. 5: 1974. loss: 1973. S164.000. General Distributors of Canada Ltd.. three months ended April 30: 1974. 16 cents a share: 1973. 15 cents. Hamilton Trust and Savings Corp., six months ended April 30: 1974. 51 cents a share: 1973. 53 cents. lonarc Smelters Ltd.. year ended DEC. 31: 1973. loss, eights cent-; a share: 1972. cents. Magna International Inc.. nine months ended April 30: 1974. 27 a share: 1973. cents. Markborough Properties Ltd.. six months ended April 30: 1974. 50 2 cents a share: 1973. 13.8 cents. Revclstoke Companies Ltd.. three months ended March 31: 1974. J44.000, one cent a share: 1973. 12 cents Ronalds-Federated Ltd.. three months ended April 30: 1974. 45 cents a share: 1973. 42 cents St. Laurence Colambium and Metals Corp., six months ended March 31: 1974. 55 cents a share: 1973. 5.4 cents Trimac Ltd.. year ended March 31: 1974. SWS.Ofln. 4fi'cents 3 share: 1973. 732 rents. foiled Siscor Mines Ltd.. year ffcv 31 15173. loss." one vnt ,1 1S72. SR5.724 prolit. two Stock trade momentum By WENDY KOSKN The Canadian Press Trading on all major Canadian stock markets gathi'rvd momentum this week, fed by signs that interest rates may be abating. Dealers say that although the environment of higher interest rates, inflation and production shortages still remains, the picture looks brighter. While the market may not have reached its bottom, they say. there are many attractive slocks selling at or near book value and providing high current yields and recovery prospects. Analysts predict market in- activeness and investor disinterest may change abruptly within the next one to three months. They see the catalyst as the start of declining trends in inflation and interest rates. The federal election campaign also is causing some investors, including dominant institutional funds, to delay their decisions. Dealers say a decisive victory for one of the major parities would have a positive effect on the market The Dow Jones average of 30 industrials was sharply higher on the week, reacting to predictions of lower interest rates. Several banks reduced Alberta grain EDMONTON (ACN) Prices reported Friday by Alberta Grain Commission were as follows; Bids from Lethbridge and district: oats and barley. .Medicine Hat Brooks reporter quotes wheat S3.15-S3.50. oats S1.65 and barley S2.10-S2.20. Around Calgary, prices are wheat S3.20-S3.25. oats S1.30-S1.65 and barley S2.00-S2.30. From the Red Deer district quotations are wheat S3.00-S3.35. oats S1.40-SI.50 and barley S2.00-S2.30. Edmonton and district oats S1.50 and bariev S2.00-S2.25. their prime rate slightly. The Dow Jones average was up 51.6 to 853.72. Toronto's industrial index, widely- based indicator of market trend, also lose sharply, up 10.3 to 197.84. (Juki shares rose dramatically amid rumors of currency realignments, gold revaluation and impending foreign exchange controls. The index Wednesday recorded its third-largest gain in history but lost some of the gains Thursday and Friday. The index was up 23.8 to 439.24 on the week. Oil shares rose for the second week, reacting to the federal government's approval of a petrochemical centre in Alberta. The index gained 13.1 to 198.73. Base metals were also higher on the week, closing al 84.59. up 3.65. Trading volume al Toronto was the lowesl in more than two years Monday but for the week volume was 10.90 million and value million. Last week's volume was 9.94 million and value At Montreal, the composite index rose 9.95 to 200.10. Volume was 4.56 million shares for a value of million. Bonds Metals LONDON (AP) Friday's closing metals bid-ask in pounds sterling a metric ton: silver in pence a troy ounce: Copper-Spot 1.110-1.115: futures 1.048- 1.050. Tin-spot 3.895-3.905: futures 3.927-3.933 Lead-spot 246-248: futures 252-253.5 Zinc-spot 640-645: futures 612-613 Silver-spot 209-210.5; 3 months 216.5- 217. Gold futures WINNIPEG (CP) Gold futures. U.S. funds. Winnipeg Commodity Exchange close Friday. July 74 156.25: Oct 74 162.00A: Jan 75 Apr 75 173.60A: July 75 178.50A. Thursdav's volume: 152 contracts. GOVERNMENT OF CANADA BONDS Oct. 96.10 96.20 8 Jul. 97.00 98.00 4Vi% Sept 74.62Yz 5VM Sept 70.00 72.00 3 Sp15 Perp 34.00 36.00 Apr. 98.20 98.30 7'A% Jul. 98.35 98.45 PROV. PROVINCIAL GUARANTEED BONDS Alta '90 92.50 93.50 Ont 7 '88 80.50 81.50 Ont Hyd 9 '94 93.50 94.50 NB '90 98.00 99.00 Nfld 8 '74 99.50 NS 6Vi% '92 72.50 73.50 due 74 98.50 Alta '90 98.50 99.50 Man Hyd 8 '91 84.50 85.50 Sask '90 93.00 94.00 Nfld '90 98.50 99.50 AGT 8 74 99.00 Man GT 8 74 99.00 INDUSTRIALS Alta Gas '90 91.00 Alcan '91 94.00 3C For '92 95.00 BC Tel 9Vs% '90 97.00 Bell Tel 79 97.00 Bell Tel '93 94.00 CP. Ltd. '89 97.00 CPSec '90 91.00 CU Intl '91 95.00 CWNG '90 95.00 Gulf '90 97.00 In Pr P '90 93.00 Massey 93A% '80 94.00 Noranda '90 92.00 Intl Nick '90 92.00 9Vi% '91 97.00 Steel Cda '90 92.00 TrCda P '90 94.00 96.00 TrCda P 10% '90 96.00 98.00 W Trans 8Vi% '93 81-00 CONVERTIBLES Acklands '88 88.00 93.00 Alta Gas 7V4% '90 132.00 142.00 Con Gas 5Vi% '89 74.00 76.00 Scurry '88 79.00 83.00 W Tran C 5Vi% '88 70.00 73.00 W Trans '91 95.00 97.00 Model fishing boats Roy Forsyth a carpenter, from Toronto, floated two models of sea-going New Jersey fishing boats in Lake Ontario off Cherry Beach in Toronto Sunday, The boats took two years to build at a cost of Forsyth and a friend Dave Clydesdale built the models on a scale of of an inch to a foot. They are powered by tiny motors and directed by remote control. MONTHKAl, TS dollar in nl funds rlospd Friday IITI l-ifp Ji1 R-2.S IVilJTld slfl-llTlp IfJl 17-ltKi at 3.5. In Vrirk. 1hf dfllat rfirtt-n 1-So a1 S-l 'i.H fll.Sfi pound M'Thnr was rlrrwn al W Beef WINNIPEG TPi Live beef rinse FriSay: July Srpl WN Nrn- 46 Jan 47 TON Thursday's vntamc: contracts. PICTURE BUTTE AUCTION MARKET IdMltf tooted in the centre oJ torgt onto trading and bog railing country RANCH CALVES Feeder and Fat Cattle Wed., June 12 at p.m. 300 TO 400 HEAD Trucking Branding Buying Government Veterinary Feeding Pens HOG AND CATTLE SALE EVERY Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY fttft Information arid i Contact JIM or JOE JURIS Picture Butte Auction Btffle. Auction nwrtet located 16 north ol letnbrtoBe on Highway 25 Phone 732-4400 MCTORE BUTTE ;