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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 22, 1974, Lethbridge, Alberta 28-THE LETHBRIDGE HERALD Saturday, June 22, 1974 The Herald- Business Chicago markets Hit AGO lAI'i arm toinmoditv lutuusgdinLil slurpK this week on thi nidjor nitcd States exchanges Flit weather c ontinued to delay farm lidd work md this influenced buving ol gram lutures Livestock futures rose sharph on cle mand stimulated reports of lighter marketings and a belief the L S government might ease the plight of animal producers In the east siher futures fell 27 cents an ounce on selling that was largeK of a profit taking nature of fee and world sugar contracts also tell but copper cocoa cotton and orange juice futures gained WHEAT HELD There was concern about movement of wheit from farms into commercial channels and this was thought to be a holding action on the part of wheat growers waiting for higher prices torn oats and commodities in the bean group had good mixed support during the week mamlv from b i nkmg on the ef fee t of prolonged rain lied broilers advanced on bin ing reflecting improved red meat prices m the hoof Beat futures (CP) Live beef futures close Fridav JuK 45 50A Sept 42 25B Nov 42 75N Jan 43 SON Thursdav s volume No contracts I iv e hog (uturcs gained up to 70 a hundredweight wink live cattle were up and pork bellies advanced points The hog md cattle gains were nrked to some livestock withholding producers Reduced slaughtering and an improved demand contributed to higher bellv prices Shell eggs gain ed on strength in allied markets SILVER PROFITS Selling of silver was considered a technical reaction as well as profit taking on recent advances Coffee futures and sugar declines was linked to an easier demand and settlement of i longshoremen s dispute U the close on the Chicago board of trade wheat was 57 to 70 cents a bushel higher lulv 4 o9 gulf hard red w is lightlv traded with December closing on a gam of 63 cents at 4 i to 2b'_ higher Julv 2 95 oat1- were 4 to higher Julv 1 43Ji and beans 24 to U higher Julv 5 68 Sovbean oil was 140 to 215 points inther Julv il 70 and iovbean meal wjs s640 to S750 a ton higher Julv 107 Gram quofes 1-ndav tt heat Jul 4 o9 Sep 4 ab Dec 4 63 Mar 4 to Mav 4 66 (orn Jul 1 95 Sep2 81 !i Dec 2 66'z Mir 272' Mav 2 Oats Jul 1 4V i Sep 1 45 Dec 1 46'i M ir 1 48 Mav 1 49 THE STOCKMAN'S MARKET HOGS SELL Tues., at 1 p.m. Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Dressed Basis f YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. 500-HEAD-500 ALBERTA SUMMER 2 BREED SPECIAL SALE WON., JUNE FEMALES, SPECIAL) SIMMENTAL BULL HYGRAOE PURBREO Tattoo TTw-C11 Ear tag TTw C11 Bom July 10, 1973 Sire- Otto 461668 Dam Elvira 482864 Consigned by Hygrade Livestock Ltd VOGT-CSA 95 ASA No 127859 Purebred Born April 19, 1969 SWIM Simmental Bull Con- signed by Oasis Ranch, Cardston. ULYSSE PELOQUIN SPECIAL HOLSTEIN HEIFER SALE FRI, JUNE 28th p.m. 185 HEAD Top quality Eastern Holstem Heifers including: 2% year old year old open Heif- ers; Va year old open Heifers; year to one year old open Heifers; to 5 month old Heifers. FARMERS. DEALERS. STOCKMEN, CONTRACTORS CONSIGN YOUR NEW AND USED EQUIPMENT TO ANOTHER GIGANTIC EQUIPMENT AUCTION SATURDAY. AUGUST 3 i.m. LIST NOWI Contact TONY VIRGINILLO, Sales Manager, Phone 345-4291, Coatdato PERLICH BROS. AUCTION MARKKT LTD. in Hub ol Southern Uvmtock Industry 3 mflM el on 3 and V. mlU south BOX 1057, LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Company No. O71463 AUCTIONEERS: JOE PEHUCH UC. 010293 flOB BALOC Uc. 0674M TONY PERUCH UC 010292 Deadlock stocks need a catalyst Ottawa (CP) Receipts of slaughter cattle and calves at nine public stockvards were up 222D head this week with 24475 offered the federal agriculture department reported Fridav Feeder cattle for sale rose 1 700 head from last week to 8 700 Sheep and lambs numbered 1 82a down 1 250 Trading was moderate to light in Toronto A 1 and A 2 steer prices dropped SI to M 30 A 1 and 2 heifers dropped in midweek and more at closing In earlv trading D 1 and D 2 cow prices dropped and were down SI to S2 more in midweek Trading in western centres was moderate to light Calgarv reported losses of S2 DO on A 1 and 1 steers and heifers D 1 and D 2 cow prices m Calgarv dropped S6 sO L SEVEN DEMAND Uneven demand in Winnipeg brought losses of S2 on A 1 and 2 steers and to S4 for A 1 and A 2 heifers midweek loss of S4 on D-l and D 2 cows was partlv offset bv opening and c'os ing gains of 50 cents to SI ealer calf prices remained steadv in all centres Good demand in Toronto on all classes of feeder cattle and calves brought steadv prices on light supplies Trading generailv was moderate in western centres with steadv prices in Winnipeg Saskatoon reported closing losses to SI for steers of more than pounds and heifers of more than 5aO pounds Prices in for steers of more Livestock than 750 pounds dropped Edmonton reported uneven prices for heifers of more than 550 pounds but markets closed at last week s price Steer calves 401 to 5oO pounds opened higher but lost bv closing Prices on heifer calves 401 to 550 pounds dropped In Toronto prices on new-crop lambs fell S10 Index 100 hog prices were up aO bv midweek and gained more bv clos ing under limited supplv Prices in western centres generailv were up Winnipeg reported gams of 55 and Saskatoon of 60 STOCKYARD QUOTATIONS Slaughter cattle steers A 1 and A 2 Calgarv 44 50 to 47 Edmonton 42 to 44 Saskatoon 4o to 48 50 Winnipeg 47 to 49 Toronto 46 to 48 Heifers A 1 and A 2 Calgary 37 to 39 DO Edmonton 37 to 39 Saskatoon 35 DO to 41 Winnipeg 38 to 40 Toronto 41 to 43 Montreal 46 to 25 D 1 and D 2 cows Calgarv 27 to 35 Saskatoon 32 to 32 75 Winnipeg 33 to 35 50 Toronto 32 to Slaughter calves good and choice veal W mnipeg 75 to 85 Toronto 50 to 58 Montreal 58 to 63 Feeder steers of more than 750 pounds Calgarv 40 to 44 Edmonton 39 to 43 Saskatoon 30 to 42 DO Winnipeg 38 to 42 Toronto 46 to 49 Feeder steer calves 401 to 57D pounds Edmonton 43 to 48 Saskatoon 33 to V> mnipeg 40 to 4} Toronto 46 to 5) Index 100 hogs dressed Calgarv 36 Saskatoon 3720 to 3845 Winnipeg 39 50 to 41 bD Toronto 42 DO to i2 10 Montreal 43 06 to 44 81 Winnipeg grain WINNIPEG (CPi Deferred rapeseed contracts posted sizeable gams while prices for the nearest months continued to plummet do vnvvard in light to moderate trading Fridav on the Winnipeg Commoditv Rve th" most active gram dump the session recorded slight gains ,11 nearbv months while flax prices con tmued to drop in all months Trading picked up slightiv late in the session but sellers outnumbered buvers throughout the dav s activitv Thursdav s volume of trade was 513 000 bushels of 1 111 000 of rapeseed and 792 000 of rve C losing prices lul 19 cents lower 9% Oct lovve-r 9Vi Nov 15 lower 9 08B Dec- 14 lower 8 79B lower Sept 17 higher 7 15 141! higher fi 30 j Ian eight higher 5 96B Rapeseed Thunder Bav Julv 20 lower 749% Oct 6'z higher 615'zB Nov 73i higher Dec seven lower 70 Rve lulv four higher 3 08 Oct one Iower302'z De small 7i 79 POILTRV To producers Live N" 1 chicken fiandover 40'j landun dcrfi I-owl Indcrfl 4-6 I nder 12 42 121o IS 41 mer 18 41 Live No 2 chicken 6and over ''S': and under 6 11 Turkev t ndcr 12 12 1o 18 40 crier 18 19 Gold futures iCPi Gold Qold prices IjOMXVV ml' 'M 1 7S Tans Zurich 1S4 W Hone Kemp 1S1 40 Bfiml 4 -TO a Viln Feed prices By WENDY ROSbN The Canadian Press Prices on all Canadian stock mdikets continued to slide in lethaigu trading this week Analvsts sav rising inflation is causing investor indecision The deadlocked market thev needs a tatalvst to stir in vestors and trigger a rallv and that this mav come following the federal election especially if one of the major parties forms a majorih government High interest rates are an Earnings By THE CANADIAN PRESS Bad Bov Appliances and Furniture Ltd vear ended April 6 1974 92 cents a share 1973 215 000 bl cents District Trust Co six months ended 30 1974 36 cents a share 1973 000 nine cents Industrial Ltd six months ended April 30 1974 000 71 t cents a share 1973 000 54 7 cents Marvel Hemsley Ltd, year ended Jan 1974 098 11 9 cents a share 1973 501 26 9 cents Scott LaSalle Ltd vear ended Jan 26 1974 000 loss eight cents a snare 1973 000 14 cents Scott's Restaurants Co Ltd, 16 weeks ended April 21 1974 226 000 15 cents a share 1973 177 000 14 cents Lnicorp Financial Inc three months ended March 31 1974 000 loss 2 4 cents a share 1973 000 profit 4 cents Zodiac Ltd six months ended April 30 1974 TO 000 loss four cents a share 1973 000 profit 33 cents Canbra Foods Ltd nine months ended April 30 1974 702 loss 21 5 cents a share 1973 550 profit 366 cents Coles Book Stores Ltd th'-ee months ended April 30 1974 000 10 cents a share 1973 000 eight cents Doman Industries Ltd six months erded April 30 1974 689 000 53 cents a share 1973 532 000 82 cents Harding Carpets Ltd six months ended Mav 3 1974 157 000, 42 cents a share 1973 SI 501 000 30 cents Integrated Wood Products Ltd vear ended Dec 31 1973 eight cents a share 1972 000 37 cents Pancana Industries Ltd, three months ended March 31 1S74 000 eight cents a share 1973 000 23 cents Teledjne Canada Ltd six months ended April 30 197i UOO 42 cents a share 1973 000 22 cents Metals LONDON (AP) Fridav s closing metals bid ask in pounds sterling a metric ton silver in pence a trov ounce Copper Spot 984 985 futures 974 975 Tin- spot f 755 futures i 820 'K2i Lead-spot 2% 2 !8 future's 240 241 7mc 560 futures 5i2 554 Sliver- spot 2117 T months other concern ol investors who have adopted a wait and see at titude Some analysts feel that domestic interest rates have peaked and will decline bv vear end The Toronto industrial index lontmues. depressed It fell 538 this week to close at "88 03 At Montreal the industrial in dcx fell 706 to close at 19711 flic composite index fell 9 10 to ISo 95 Volume was 29 million shares worth b4 compared uilh 3 59 million shares and S26 51 million last week Ihc decline on the New York itock market this week was at r buted to investor dis appointment that the reduction in inteiest rates bv a few banks was not more widespread Analvsts sav there are rumors tilat lurther decreases promised bv various bank and govern mint ollicials several weeks ago will not materialize COLD FLUCTUATES The loronto gold index reac ting to lluctuations in the over seas bullion market rose 4 26 brt lell 16 6 for a net loss ol U.i4 to close I ndav at 43409 Vmid tax and rovaltv in craases imposed bv provincial giwrnments the base metal in dti lell 2. 82 on the week to close at 81 55 Oil shares continued to fall alMjl affected bv the possibilitv of heavier resource taxes West erijoils lost 8 72 to close at 18 !59 At! Toronto trading volume andjvalut was the lowest since 12 1971 was 679 million shares worth 46 mil lion tompared with 796 million shaiet, and 98 million last w eck- sav investors should be yLire that equitv prices now are al extremely low levels on the bisis of price earnings mul tiplesithe relationship between stock price and earnings per dividend vield Stoct- prices have been declin ing while corporate profits have been ekpanding due to high in llatior and interest rates sav if investors be come convinced both are level ling nil the stage will be set lot a sharp increase in prices Dividends Bv THE CANADIAN PRESS Dividends are quarterlv unless otherwise'noted CFCN Communications Ltd nine cents Juhi 30 record Julv 5 Dow Chemical Co, 30 cents an increase of five cents initial since listing Julj )0 record June 28 Irwm Toy Ltd class A five cents semi-annuall a decrease of two cents class B 4'4 cents semi annuallv a decrease of 1 7 cents both pavable lalv 31 record Julv 12 Dollar value tPl ti S dollar in terms ol madi in funds closed Fridav up 9 50 at 97 i -iO Pound sterling was down !7 id it y (0 33 -jO In New Virk the Canadian dollar was down IS Km at 03 3 100 Pound sterling was down I 1 5 at S2 i7 11 20 PICTURE BUTTE AUCTION MARKET Ideally located in the centre ol a large cattle feeding and hog raising country RANCH CALVES Feeder and Fat Cattle Wed, June 26 at p.m. ZOO to 300 HEAD All Classes of Cattle Trucking Branding Vaccinating Order Government Veterinary Feeding Pens v HOG AND DAIRY CATTLE SALE EVERY Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY For Information and Listings Contact JIM or JOE JURIS Picture Suite Auction Butte, Alberta Auction market located 16 miles north ol Lethbndge on Highway 25 Phone 732-4400 PICTURE BUTTE Ex rlnti- Fnflrft OOXTRACTS 1h 7? 3S3VIB liSffiB TT 364 40A Apr 7S TO 70B Ih TS 174 VfK Thiirsdaj vnlirmc 4fl6 rnitracts CONTRACTS Ang 74 1% flO 74 Ifi) iflfiin Ma-v "S 171 20 Aup 7i 176 (IOB 7R r'd tt rk> ,42 V 1 ANNOUNCING "CALGARY STAMPEDER MAINE-ANJOU SALE- JULY A.M. AIRDRIE CENTRAL AUCTION MART (10 MILES NORTH OF CALGARY) A GREAT OPPORTUNITY TO ACQUIRE MAINE-AJtfOU SEEDSTOCK DON'T MISS THIS -SALE DURING THE ACTIW PACKED WEEK OF CANADIAN MAINE-ANJOU DAYS 4 THE CALGARY STAMPEDE FEATURING 98 LOTS OF CANADA'S BEST MAINE-ANJOU 1 Fullblood year old guaranteed breeder 16 blood open heifers 12 Vj blood cows with heifer calves at side 4 Vz blood cows with bull calves at side 30 Vj blood bred heifers 30 Vj blood open heifers 3 blood bull ALL CATTLE GUARANTEED ALL BREEDING AGE GUARANTEED BREEDERS! DON'T MISS THIS UNIQUE OFFERING OF HIGH PERCENTAGE FULLBLOOD MAINE-ANJOU CATTLE FROM ONE OF CANADA'S FINEST HERDS JULY 6, 1974 For Further Information Contact: JOHN BRUINSMA SONS Box 81 Lethbridge, Alberta, Canada Phone 403-328-7992 ;