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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 24, 1972, Lethbridge, Alberta 8 1HE LETHBRIOGE HERAID Saturday, June J4, 1971 Ottawa iveekly livestock report OTTAWA (CP> Receipts o[ cattle at Canada's 10 public stockyards from Monday to Thursday Uiis week totalled head, less than last week. Marketings were head less than the correspond- ing week In 1971. The general quality of slaugh- ter cattle marketed in Ihs pub- lic stockyards was the same as last week, 67.5 per cent grading good and choice. Exports of beef calUe to the U.S. totalled 193 head, 190 for immediate slaughter end three feeders. This week's cattle volume was again reduced with a broad demand and the hog market was continued active with high- er prices in all centres, Slaughter cattle prices held steady to slightly lower. Good co'.vs were lower while calf SAND GRAVEL ASPHALT TOLLESTRUP SAND AMD GRAVEL Construction Co. Ltd. PHONE 328-2702-327-3610 prices remained firm. Feeder steers were In good demand. The Montreal west-end stock- yard on bridge street will cease operation Juno 30. The east end stockyard will remain open. Choke steers: Montreal 36.50 to 37.50; Toronto 38 to 39; Win- nipeg 37.50 to 38; Saskatoon 35 to 36.80; Edmonton 35.50 to 36.25; Calgary 35.25 to 3G.50. Choice heifers: Montreal 30.25 to 34.25; Toronto 35 to 35; Win- nipeg 32.50 to 33.50; Saskatoon 32.25 to 33; Edmonton 32.25 to 33; Calgary 33.25 to 34. Good cows: Montreal 26.50 to 29; Toronto 27.50 to 28.50; Win- nipeg 25 to 2fl; Saskatoon 25.50 to 27; Edmonton 25.50 to 20.25 Calgary 26 to 27.50. Good feeder steers: Montreal; Toronto 38 to 46.50; Winnipeg 37 to 44; Saskatoon 35 to 43 Edmonton 35 to 4; Calgary 34.50 to 40. Good and choice veal calves Montreal 52 to 57.50; Toronto 45 to 56; Winnipeg 50 to GO Saskatoon 40.50 to 49; Edmon ton 59 to 64; Good lambs: Montreal Toronto 39 to 45; Winnipeg 35 to 37; Saskatoon 24; Edmonton 31 to 33; Calgary 33. Hogs index 100: Montreal Toronto 36.80 to 38.85; Winnipeg 32.10 to 34.45; Saskatoon 31.60 to 32.75; Edmonton 30.80 31; Calgary 30.80 to 31.80. -JLta. INSURANCE IS JUST NOT PART OF OUR BUSINESS -IT IS OUR ONLY BUSINESS Phone 327-3009 CONN VAN HORNE JACK WARBURTON 507A 7th STREET SOUTH Average earnings increase OTTAWA {CP> Average earnings of week were paid employees by larger firms ,11 a broad cross-section of in- dustry In April, up 9.4 per cent 'rom a year earlier, Statistics Canada reported Thursday. The average in April last year was a week. The statistics bureau reported that average earnings in the construction industry rose to a week, up 13.C per cent from. a year earlier. Tlie average in manufacturing was up 9.8 per cent from In durable goods manufacturing alone, the aver- age was in April this year, up 10.3 per cent from a year earlier. The fig- ures apply only to firms em- ploying 20 or more workers. Board sets pension plan precedent EDMONTON (CP) A spe- cial appeal board set a prece- dent I his week when it ruled that a photography firm does not have to pay Canada Pen- sion Plan contributions for its salesmen. Skyview Photos Ltd. of Ed- monton won an appeal against a assessment in employer contributions to the pension plan when the board ruled that the firm's threa salesmen are independent contractors, not employees of the firm. As independen t contractors, the salesmen will be required to pay 100 per cent of their pen- sion plan contributions. Nor- mally the employer and em- ployee each contribute 50 per cent. The pension appeal board consisted of justices from' the Manitoba Appeal Court, Quebec Superior Court and British Col- umbia County Court. Forget the CDC if you to get rich quick PICTURE BUTTE AUCTION MARKET Idially located In thi ontri of a largi Feeding and Hog Raising Country Calf, HOG Feeder and FAT CATTLE Every Wednesday at 1 p.m. 350 HEAD Highlighted by 20 STOCK COWS WITH CALVES AT FOOT-FROM OWNER Services availctbU jr Trucking A" Branding Vaccinating if Order Buying >r Government Veterinary Feeding Pens Cattle Sale every Saturday at T p.m. SPICIAI-7J HEAD SOO TO 350 IB. CALVES FROM ONE OWNER MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY For Information end Ilitlnsi conlaet Ot JOE JURES Phon. 732-4400 Pitlure Auction market located 16 rnilti north of lelhbrrdgo Highway 25 OTTAWA (CP) Canadians looking for a get-rich-quick in- vestment should forget about the Canada Development its chief executive officers sug- gested Thursday. Chairman Anthony Hampson and President Marshall Crowe aid in an interview the corpo- ation will concentrate on long- term Investments that greatly aid Canadian development but do not pay oft for many years. The corporation, organized even months ago after being reated by Parliament, Is tok- ng its first step on the road to cecoming a multi-biliion-dollar nvestment fund by purchasing Connaught Medical Research taboratories In Toronto, manu- acturcr of insulin and other medical products. Mr. Hampson, a 41-year-old ormcr Montreal financier, said the CDC hopes to build Con- naugh Unto a large, internation- ally-active organization through expansion and mergers with other companies. "We want to become an cffec- .ive force in the health-care field and create a multi-national Janadian-based company in that field." The CDC also plans a major nvestment in the mining field, with the object of building a di- versified mineral extracting and processing operation. In addition, it is negotiating to federal Crown corporations such as Polymer Corp. in Sar- nia, Out. and Northern Trans- jorlation Ltd. and the 45 per cent federal interest In Panarc- lic Oils Ltd. Mr. Crowe, former economic adviser to the Canadian Impe- rial Bank ot Commerce and sec. retary to the cabinet, said the CDC probably will give the gov- ernment additional CDC shares tor the Crown corporations. The federal government now is the only shareholder and is putting million into the corporation over three years. But offering of shares to the general public could come as early as next year, they said. Mr. Hampson said the genera1 public has shown interest in the corporation and a large share of CDC capital would come from the public, rather than financial and business institutions. To encourage greater publii participation, CDC shares coulc be sold through banks and on the instalment plan. Each share would cost about Returns to investors will be slow and small, Mr. Hampson emphasized. As an example, the CDC in CATTLE SALES FAT AND FEEDER CATTLE SALES WEDNESDAY AND FRIDAY AT AM SPECIAL STOCK CALF AND FEEDER SALE FRIDAY AT P.M. SLAUGHTER HOGS ASSEMBLED AND SOLD FEEDER HOGS and BABY CAIF SALE Every Monday at p.m. Daily EXPORTERS OF SLAUGHTER HOGS Excellent Facilitin For Feeding and loading Hogs CONSIGN AIL YOUR LIVESTOCK TO C. E FRENCH LIVESTOCK LTD. IN THE HEART OF CANADA'S RANCHING COUNTRY Alberta Stockyards Phone 327-0101-Res. 328-3986 P.O. BOX SS T-T-7 IETHBRIDGE Ed" French 323-J986 Ken Miller 758-6607 Mogralh Lou DeJager 327-9548 C.W. Wenninger 328-7354 Dan Klassen 345-4358 LIVESTOCK COMMISSION AGENTS ORDER BUYERS EXPORTERS Grain prices Winnipeg Grain WINNIPEG (CP) Grain quotes Friday (basis Lake Flax Jly 276% Oct 279% 277 27914 Nov 278 2761.4 277% Dec 274V4 273% Kapeseed Vancouver Jim 252'A Sep 235 hares is limited to Canadian citizens and residents. All CDC nvestments would be in Canadi- an-controlled companies. Mr. Hampson compared the estimated billion worth of ong-term foreign investment in Canada now with a possible DC capital of >iliion from of 200 million shares at an average each, 51 billion raised from sale of ion-voting shares, and billion in borrowed capital. "The percentage in relation to 'oreign ownership won't be that significant but we hope that we'll have a catalytic effect too. "That billion might con- trol effectively or billion so it could be quite-a significant 'actor quite apart from the ef- tect we may have in encourag- ing Canadians to take a more effective posture in develop- ment situations outside the gambit of the CDC. "And, you know, if we work successfully presumably it will encourage others." AH in all, said Mr. Crowe, "over time it could have an ap- preciable effect on increasing Canadian control of the econ- omy." Overseeing the mulli-billion- doliar investments would be a staff of about 12, including sec retaries. Mr. Hampson said the CDC offices are in Ottawa to permit easier negotiation with the fed- eral government on purchase of the Crown corporations and to be close centres. But the would be considering a request from the federal government that the corporation establish its head office in Vancouver. Lsihbridgs Livestock Sales Monday to Friday cat- lie 285; calves 42; hogs lambs 81. SUMMARY Butcher cattle prices uneven- ly 25 to 50 or more lower. Replacement cattle 50 or more lower. Trade otdy moderately active. Good and choice butcher steers meeting only fair de- mand, prices 25 or more lower. There were insufficient butcher heifers on. offer to establish re- liable quotations. All classes of cows under pressure, prices 25 to 60 lower. Bulls 50 more low- er. Medium and good stocker and feeder cattle meeting fair demand from local buyers, prices SO or more lower. SLAUGHTER CATTLE Choice steers 35.50 to 30.20; good 31.25 to 35.25. Good cows 25.00 to 25.90; medium 23.00 to 2150; earners and cutters 17.00 to 22.00. Good bulls 25.00 to 27.00. REPLACEMENT CATTLE Good heavy feeder steers over 850 Ibs. 34.50 to 30.00; good iglit stock steers 575 to 700 Ibs 3S.50 to 42.00; good feeder heif- ers 31.00 to 33.00. Good stock steer calves un der 400 Ibs. 46.00 to 49.00; good stock steer calves over 400 Ibs 42.00 to 46.00. HOGS AND LAMBS Butcher hogs sold this week at the Lethlwidge Yards 31.00 to 32.90 base price. There were 52r butcher liogs sold for expor this week. Weaner and feeder iiogs.sold steady. Weaners 13.00 to 21.50. Light feeders under 100 Ibs. 20.50 to 26.50. Heavy feed ers over 100 Ibs. 29.00 to 43.CO all prices per head. Light feed ers under 100 Ibs. sold hare 32.00 to 41.00 per hundred weight. Heavy feeders over 10( Ibs. 26.00 to 29.00 per hundred weight. Boars to per head. Good lambs 32.00. Perlich Livestock There were head of live stock sold this week at Perlich Bros. Auction market Ltd. Re- ceipts included 703 cattle and 846 hogs. All classes of butcher cattle meeting buyer resistance at lower prices. Feeder cattle selling at steady rates. Price quotations as follows: SLAUGHTER CATTLE Choice steers 35.50 to 38.10; choice heifers 32.00 to 32.70; good cows 25.00 to 26.10; med- ium cows 22.00 to 25.00; can- ners and cutters 18.00 to 22.00; to major financial board of directors gna bulls 27.00 to 2300. i FEEDER CATTLE Light stock steer calves 45.00 o 47.00; steers 500 to 600 Ibs. 30.00 to 43.00; steers 600 to 850 bs. 37.00 to 40.00; shortkccp iteers 34.00 to 36.00; light stock icifer calves 38.00 to ilacement quality heifers (with ;ome sales Iiigher) 36.00 to 40.00; feeder heifers 32.00 to 33.50; feeder cows (sales higher on light young cows) 18.00 to 23.00; cow-calf pairs 300.00 to 380.00. HOGS AND DAIRY CATTLE Market hogs (dressed weight) 31.00 to 33.10; weaner hogs 17.00 to 20.75; light weancrs 10.00 to 17.00; feeders under 100 Ibs. 22.00 to 31.50; feeders over 100 Ibs. 35.00 to 47.25; sows and gilts 50.00 to 82.00; baby calves 95.00 to 122.50; light beef type calves 124.00 to 162.00. Taber Livestock TABEfl Trade remained active on all classes tliis week with prices holding reasonably steady. Fat cows steady. Feed- er cows off 50 cents. Bulls Sl.OO higher. Yearling feeder steers steady. Yearling feeder heifers stronger. Steer calves Grasshoppers cause damage 111 Sask. WEYBUHN, Saslc. (CP) Grasshoppers are causing con- siderable damage in this area, Phil England, agricultural rep- resentative, says. Mr. England said he toured a number of fields and found the outbreak moderate to severe. He said one field of about 50 acres was literally wiped out by young grasshoppers. Some -fields were infested and the edges of others were being invaded. Farmers are using the chem- ical dimeothale to spray their fields. Make Your Summer Patio Living Complete With a PATIO GAS FIREPIT Jusl like o camp bonfire. Gives your patio warmth and atmosphere for just 00 plus installation TERMS AVAILABLE Phone our Appliance Counsellor ar 327-4551 WCSTCRN NATURAL GAS COMPANY LIMITED 410 STAFFORD DRIVE, LETHBRIDGE higher. Heifer calves gained All classes ot hogs held steady. Good cows, 26.00 to 28.20; fair to medium, 2-1.25 to 25.75. Bulls, 27.00 to 31.00. Good yearling feeder steers, 37.00 to 30.00; fair to medium, 35.00 to 3G.40; fair to medium, 34.50 to SC.75. Good yearling feeder heifers, 33.50 to 34.75. Good steer calves over 500 pounds, 45.00 to 47.75; fair to medium, 40.00 to 4-1.75. Good heifer calves 250 to 350 pounds, 43.00 to 48.00; fair to medium, 37.00 to 42.00. Weaner hogs, to Light feeders, to heavy feeders, 29.00 to 35.00. Our next sale will be held Monday, June 20. Sale time is p.m. For listings please phone 223-3921. Beef futures WINNIPEG bee! futures: Jly 37.50A; Sep 3G.OON; Nov. 35.23A. Thursday's volume: four con- tracts. COMING SALES FORT MACLEOD AUCTION MARKET Tues., June 27th at a.m. FAT AND FEEDER CATTLE INCLUDING: 20 HEAD REPLACEMENT QUAUTY CHAROLAIS HEIFERS FROM ERNIE KETTLES, PINCHER CREEK ISO HEAD, 350 TO 500 LB. green yearling from Pelgan Band Ranch tITTLE ROYAL' ENTRY FORMS NOW AVAILABLE 1 BOX 690 ramimaini.uiiRn I Phone 403 Z34 3315 TOSSROADS OH CANADA CATTLE AUCTION MARKET REGULAR CATTLE SALE EVERY MONDAY PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR NIGHT THE STOCKMAN'S MARKET WEANERS-FEEDERS SOWS-BOARS SELL TUES., at 1 p.m. ALSO DAIRY COWS BABY CALVES SHEEP SPECIAL FOR TUESDAY, JUNE 27th 130 LIGHT BEEF-TYPE CALVES LUMBER SALE TUES., JUNE 27th FOLLOWING THE HOG SALE BD. FT. OF LUMBER VARIOUS DIMENSIONS-All LENGTHS Market Hogs Shipped Daily FEEDER AND FAT CATTLE Thursday I p.m. 600-HEAD-600 PERLICH BROS. AUCTION MARKET LTD. toeajed In The Hub Of Southern Alberla'j Livestock Indujlry 3 East of Lelhbrldg. on Hiohwcy 3 and Vt Mild South BOX 1057, LETHBRIDGE PHONE DAY OR NIGHT 328-395] ;