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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 27, 1970, Lethbridge, Alberta Saturday, June 17, 1970 THE IETHBRIDGE HERALU 21 Ottawa Weekly Livestock Report OTTAWA (CP) Cattle de- liveries at the 10 public stock- yards up to Thursday this week, at head were about the same as in the previous week, and above the cor- responding week a year ago, the federal agriculture depart- ment's weekly livestock report stated Friday. Exports of beef cattle to the U.S. last week only 169 head. This week's market displayed a very uneven trend both in price and demand. Trading on all -classes and grades of butcher cattle follow- ed the general pattern of recent weeks. Buyer pressure de- veloped from Tuesday onward and most classes and grades closed lower. Steers and heifer closed mainly 50 cents to 75 cents lower. Cows and bulls were generally steady to lower. Feeder cattle and stock calves were steady to down. Veal and butcher calves were steady to sharply lower. Hog prices were steady to.70 cents lower, and lambs steady to as much as per cwt down. Choice "steers: Montreal 31.75 to Toronto 31.50 to Winnipeg 31 to 31.50: Saska- toon 29 to 30.50; Edmonton 28.50 to Calgary 28.75 to 29.90. Good heifers: Montreal 25 to 26.75; Toronto 28 to 29; Winni- peg 26 to 27; Saskatoon 24.75 to Edmonton 25 to 26.50: Calgary 25.25 to 26.50. Good cows: Montreal 23 to 25.75; Toronto 23.50 to 24.50; Winnipeg 23 to 24; Saskatoon 22.25 to 23.50; Edmonton 20.50 to 22; Calgary 21.50 to 22.25. Good feeder steers: Toronto 33 to 37; Winnipeg 30 to 36; Saskatoon 28.50 to 33; Edmon- ton 28 to 37; Calgary 29 to 32. Good and choice veal calves: Montreal 41 to 44.50; Toronto 33 to 47; Winnipeg 45 to 50; Saskatoon 39 to 40; Edmonton 45 to 53. Good lambs: Toronto 34 to 36; Winnipeg 30 to 35; Calgary 26 to 27. Grade A hogs: Montreal 30 to 31.50; Toronto 31.75 to 32.80; Winnipeg 28.65 to 29.70; Saska- toon 27.00 to 28.50; Edmonton 28.30 to 29.55; Calgary 28.35 to 29.75. Lethbridge Livestock (Supplied by Canada Department of Agriculture) Sales Monday to Friday 399 cattle; 16 calves; hogs, 120 lambs. Butcher cattle prices sharply lower with all calves 25 to 1.00 or more lower in spots. Re- placement cattle unevenly 50 lower. Trade only moderately active. Good and choice butcher steers under pressure, prices 50 to 75 lower. Medium grades 50 or more leaver. Good and choice butcher heifers meeting only fair demand, prices 25 to 50 lower: Medium and good cows opened 1.00 higher, this gain and more lost on late week trading. Canners and cutters 50 or more higher. Bulls steady. Medium and good stocker and feeder cattle opened under pressure, with prices around 50 lower, this loss regained on Fri- day's trading. Exports two loads heifers one load steers from country points. SLAUGHTER CATTLE Steers, choice 28.75 to 29.40; good 28.00 to 28.50; medium 27.50 to 27.75. Heifers, choice 26.50 to 27.10; good 26.00 to 26.50. Cows, good 21.50 to 22.60; medium 20.00 to 21.00; canners and cutters 18.00 to 20.00. Bulls, good 25.00 to 27.00. REPLACEMENT CATTLE Good heavy feeder steers over 800 Ibs. 28.50 to 30.50. Good light stock steers 600 to 700 Ibs. 32.00 to 34.50. Good feeder heifer's 28.00 to 31.00. Good stock cows 21.00 to 2.1.50. Good stock cows with calf at foot to 325.00 per pair. HOGS AND LAMBS Butcher hogs sold this week FOB Lethbridge 28.55 to 29.85 base price. There were 434 hogs sold for export, price converted to 22.95 to 23.20 liveweight. Wea- ner and feeder hogs sold steady to 1.00 lower. WeaneiS 9.25 to 17.00. Light feeders under 100 Ibs. 20.00 to 26.25. Heavy feed- ers over 100 Ibs. 28.00 to 39.25 all prices per head. Light feed- ers under 100 Ibs. 24.50 to 30.00 per hundredweight. Heavy feed- ers over 100 Ibs. 21.00 to 25.00 per hundredweight. Good spring lambs 27.00 to 28.00. DIVIDENDS By THE CANADIAN PRESS Dominion of Canada General Insurance Co., 43% cents, Oct. 15, record Sept. 30. DRG Ltd., class A 12 cents, Aug. 4, record July 20. Du Pont of Canada Ltd., 25 cents, July 31, record July 3. NOW LEASING UP TO SQ. FT. OFFICE SPACE IN CENTRE VILLAGE MALL Will subdivide to suit -Rental negotiable dependent on finish required Call KEITH HAND MARATHON REALTY PHONE 317-1442_________________ PHILLIPS CABLES (WESTERN) LTD. Require Permanent Male Production Employees at their plant in Sentinel. Average pay rate is 2.85 per hour plus such benefits as group life insurance available. Approxi- mately 50% medicare paid by company and company paid pension plan. Pleoie Call or Write CANADA MANPOWER FEDERAL BLDG., BLAIRMORE For Interview: PHONE 562-2816 THE STOCKMANS MARKET Join the many farmers and ranchers who market their cattle in our modern facilities. HOG SALES EVERY TUESDAY P.M. WEANER AND FEEDER HOGS BROOD SOWS-BOARS BABY CALVIS-DAIRY COWS, ETC. REGULAR CATTLE SALES EVERY THURS.-1 P.M. Stocker Feeder and Fat Cattle Perlich Bros. Auction Market Ltd. Located in the hub of Southern Alberta's livestock in- dustry 3 miles east of Lethbridge on Highway 3 and o V4 mile south. PHONE DAY OR NIGHT 328-3951 BOX 1057, LETHBRIDGE Livestock Market Report Taber Livestock TABER Trade was active on a steady market at the Prai- rie Livestock Ltd. sale this week. Cows held steady with light feeder cows being stronger. Good green feeder steers were stronger with heavier kinds holding steady. Yearling hei- fers held steady. There were insufficient calves on offer to establish a firm market. Baby calves were stronger. Weancr and feeder hogs held steady. Light feeder cows 24. 40 to 26.10; good butcher cows 21.50 to 22.40; fair to medium butch- er cows 19.50 to 21.4_0. Good yearling feeder steers 750 to 900 Ibs. 31.50 to 32.50; 550 to 750 Ibs. 33 to 37.10; good yearling feeder heifers 700 to 850 Ibs. 26.50 to 28; 550 to 700 Ibs. 29.75 to 31.90. Small calves to 137.50. Weaner hogs 12.50 to 18.50; light feeder hogs 21 to 27.50. Next sale will be held June 29 at p.m. Perlich Livestock There were 691 head of live- stock sold this week at Perlich Bros. Auction Market Ltd. Re- ceipts included 410 cattle and 281 hogs. Wheat Crop Is Reclucecl Farmers OTTAWA reports indicate that Prairie farmers reduced their wheat aereage this year by two-thirds, Otto Lang, minister in charge of wheat marketing, said in the Commons. Replying to questions by John Diefenbaker Al- Mr. Lang at first was hesitant to give the report, say- ing it was based on reports from only farmers. There has been no full assess- ment yet of the government's program to subsidize farmers for taking land out of wheat and putting it either in pasture or letting it lie fallow. Mr. Lang also said, in reply to questions by Alf Gleave that Canada believes it would be "useful" to have Hussia join in United nations' talks about a new international wheat agree- ment. Mr. Gleave asked whether such an agreement would also cover acreage reduction or wheat production controls. Mr. Lang said it would not be useful at this stage to enunciate Can- ada's full objectives in tile nego- tiations about to begin. Hog Prices EDMONTON (CP) Closing prices Friday provided by the Alberta Hog Producers Market- ing Board: Edmonton: Quoted 28.30 to 28.60, average 28.52. Red Deer: Quoted 28.30 to 29.20, average 28.80. Calgary: Quoted 28.45 to 28.80. average 23.62. Lethbridge: Quoted 23.55 to 28.65, average 28.57. Total hogs sold average 28.60. Total sows 77; average 20.02. Fat cattle and heavy feeders were trading under pressure, all classes of light stocker and feeder cattle met a good de- mand. Price quotations were as SLAUGIITER CATTLE Choice steers 28.50 to 29.30; medium 27.50 to 28.50; good heifers 26.50 to 27.30. Good cows 21 to 22.30; medium 18.50 to 20.50; canners and cutters 16 to 18. BULLS 23.50 to 26.50. REPLACEMENT CATTLE 750 to 1.000 lb. steers 28.50 to 32.70; feeder steers 600 to 750 Ibs. 31 to 30; Holstein and plain quality steers 25 to 29; Light- weight stock steers 35 to 41.25. Feeder and replacement hei- fers 600 to 800 Ibs. 29 to 33.50; plain to medium quality heifers 26 to 28.50; light stock heifers 450 to 550 Ibs. 34 to 37. Feeder cows 19 to 21.50. HOGS AND DAIRY CATTLE Weaner hogs 14 to 17; light weanc'rs 10.50 to 13.50; light feeders 18.50 to 26; heavy feed- ers MO to 185 Ibs. 31.50 to 42. Bred sows and gills 70 to 130 depending on size, and quality. Baby calves 50 to 80; young calves 80 to 120 depending on breed and size. Bond Prices Supplied by Doherty Roadhouse and McCuaig Bros. GOVERNMENT OF CANADA BONDS Bid Asked 6% Apr 1 '71 99.35 100.05 Sep 1 '72 95.65 96.35 3Vi% Oct. 1 '75 90.50 92.00 8 Jly 1 '78 100.75 102.25 Sept. 1 '83 71.50 73.00 Perp. 3% Sept 15 38.75 42.25 GOVERNMENT OF CANADA GUARANTEED BONDS Can. Not. Rtwy, Bid Asked 5 May '77 82.25 84.75 Jan. 1 '85 76.75 79.25 Ontario Dnt. Hy N.B. Nfld. N.S. Quebec Alta. Man. Hy Sask Nfld. ACT Man Tel PROVINCIAL 7 88 83.25 9 '94 103.25 '90102.75 8 '74 95.75 6Vi% '92 73.75 '74 94.75 '90 101.50 9 '90 101.50 '88 83.75 Wl% '90 100.75 8 '74 98.00 8 74 98.00 Abitiiti TVi% Alta Gas 6li% Aiumin. 414% Bank N.S. 7 Bell Tel 8 B.A. Oil Cdn Brew 5 Cdn Chein 7 C.P.R. 5 Cdn WN Con Gas Domtar T. Eaton GM Husky Imp Oil I.A.C. 714% Mac B. N.C. Gas 61i% Shell Oil Tor DOm 6 Tor Dom 7 Tr. Can 5.85% Tr Hn West Tr 514% Weston 514% 7 7i '87 79.75 '81 80.75 '73 88.25 '87 81.75 '77 96.75 '77 79.75 '83 66.75 '80 85.75 '83 68.75 '83 67.75 '82 71.75 '87 75.75 '87 83.25 '86 77.00 '87 74.75 '88 83.75 '86 81.2' '78 77.75 '88 73.75 '77 79.75 '87 73.25 '87 81.75 '87 68.75 '87 79.75 '88 65.75 '87 74.75 85.75 104.75 98.25 76.25 97.25 103.00 103.00 86.25 103.25 99.50 99.50 82.25 82.25 90.75 84.25 70.25 88.25 71.25 74.25 78.25 85.75 79.75 86.25 :5 80.25 75.75 84.25 71.25 68.25 Burns Buys Winnipeg Company CALGARY (CP) Burns Foods Ltd. announced here the purchase of Glacier Food Ser- vices Ltd., effective July 1. Glacier is one of the largest manufacturers of portion-con- trolled fresh meat products in Western Canada. Its operations are based at Winnipeg. Glacier will continue to oper- ate under its existing name. Calgary Plant Dispute Over CALGARY (CP) A dispute that had simmered for more Oian two years at the MacMil Ian Bloedel Packaging Ltd. plant was settled here when a contract was signed giving 75 employees a 30-per-cent wage increase. Effective immediately, the basic wage for men at the plant increases to an hour from S2.29 last year, with wom- en getting an hour. The contract calls for an additional increase of 25 cents an hour next June. Probe 10 Lakes For Pollution EDMONTON (CP) Ten Al- berta lakes will be tested this summer to determine the pos- sible extent of pollution, Eugene Kupchanko, Alberta health de- partment water pollution con- trol officer, said here. Before the department can determine the extent to which the 10 most widely-used lakes might be polluted, it must first consider the lakes' natural stale, he said. Tests determine 20 chemical- quality criteria and several more bacteriological criteria in the lakes at present. "Many Alberta lakes reveal varying sets of conditions which must be assessed Mr. Kupchanko said. Weaker Trend Continues By ART JOHNSON Canadian Press Staff Writer Canadian stock markets limped downward this week in indifferent trading. Activity was almost un- changed from last week's pace. At the Toronto Stock Ex- change, the industrial index, the major indicator of that, market's movement, fell 3.81 points on the week to 152.82. About shares changed hands, compared with last week. One indication of the deterio- ration of confidence among investors is that almost three times as many shares were trading in the corresponding week last year. HAILKOAD IN TROUBLE Obsetvers say the bearish trend was caused by a wave of concern in United States finan- cial circles after Pe-mi Central llaihvays filed for bankruptcy for its subsidiary, Peiin Central Transport Ltd. The subsidiary operates the largest rail line in Uic U.S. Rumors persisted thtough the week of financial weaknesses among many of the large trans- port industries in the U.S. Amid the speculation and con- fusion, Chrysler Corp. issued a statement saying it was operat- ing on a profitable basis and ex- a small second-quarter profit. Observers called the state- ment highly unusual. Canada's major banks Mon- day reduced their prime lending rates and interest on savings accounts. Prime rate, the rate extended to an institution's best custom- ers, was lowered to eight pel' cent from while interest rates on rion-ehetjuing accounts was dropped to six per cent from (i'i; per cent. Observers said Ihe move was potentially bullish because it marked an easing in the current tight-money situation. But they added that any auspicious influ- ence would have been cancelled out by the weakness on Wall Street. On index at Toronto, golds were up 7.39 to 157.92. Base metals dropped 2.29 to 90.17 and western oils 5.65 to 130.46. Losses outnumbered gains 519 to 212 with 209 issues un- changed. At the Montreal and Canadian exchanges, the composite index was off 4.60 to 149.09. C o in b i n e d volume was shares, compared with 2.685.000 last week. Losses outnumbered gains 202 to 101 with 90 issues unchanged. Brencla Mines Opens Bechlel PEACHLAND, B.C. (CP) A part-time prospector's dream of extracting low-grade mineral riches from British Columbia's Okanagan comes to fruition here with ceremonies marking the opening of Brenda Mines. The open-pit, cop- per-molybdenum mine is centred on four claims staked 16 years ago by Bob Bechtel of Penticton, B.C., hi the heart of an estimated ore body that should keep the mine running full blast for 21 years. Mr. Bechtel was prospecting on his day off from a month job as a school bus me- chanic when he made his dis- covery 18 miles northeast of this Okanagan Valley community. He is now richer from shares he collected in Brenda. Noranda Mines Ltd. of To- Beef Futures WINNIPEG (CP) The Win- nipeg live beef futures market was quiet Friday with a few bids. Open High Low Close Thurs. Jly 30.95 30.95 30.90 30.90 30.85A Sept 39.35B 29.52B Nov 28.80N 28.80B Jan. 38.80N 38.80N Potato Prices WINNIPEG (CP) There was no trading or contracts in the Maritime potato futures mar- ket Friday. Open High Low Close Thurs. Nov. 2.30A 2.30A March 2.60A 2.60A CONVERTIBLES Con Gas '89 77.75 80.25 Dynasty 7 '82 79.75 85.25 Scurry "38 81.75 87.25 Tr Cdn 5 '89 77.75 80.25 W Tr '88 72.75 78.25 Smitfy's Pancake House Franchise Available Excellent location in Marathon Development in City of Lethbridge to be open about Octo- ber, 1970. Cash required approximately Capital investment returned in ap- proximately four years. For further information please write or phone SMITTY'S PANCAKE HOUSES LTD. 709 8th Ave. S.W., CALGARY, Alberta. 263-5683 (403) UNRESERVED EQUIPMENT-TRUCK AUCTION SALE MONDAY, AUG. 17, 1970 9 a.m. Sharp Located 916 miles west of Edmonton at Nasby's Auctioneering site. SALE INDOORS Equipment demonstrated before sold. 26 acre auction site and parking area. DO YOU WANT TO SELL? LIST YOUR EQUIPMENT NOW, CALL NASBY'S AUCTION- EERING PHONE OR WRITE BOX 690 SPRUCE GROVE, ALBERT WHEN YOU INVEST MONEY, YOU EXPECT TO MAKE MONEY, BROASTIE IS THAT KIND OF DEAL! You can make more money without the headaches by casting YOUR FUTURE with GOLDEN BROASTIE, the SEMI- AUTOMATED FRIED CHICKEN TAKE-OUT SHOPS, that let you take home the PROFITS. Our COMPLETE FRANCHISE PROGRAMME starts with a hand picked location and fol- lows through with full advertising, merchandising and pro- motional support year after year. Our chicken is prepared by a unique patented process and is the best you ever tasted. The operation is sweet, simple and profitable, re- quiring a modest cash investment of only Many Golden Broarties are already in operation, but several choice areas are still available. Get all the details by writing to (including phone DIRECTOR OF MARKETING BROASTIE INTERNATIONAL LTD. Suite 800, 1315 de Moisonneuve Blvd. West Montreal 107, Quebec or phone collect: (514) 849-1136 Mister Donut Didn't invent Success But They Do Know What Causes It! When you have the right product, the right people and the right program all working for you togeth- er, your chances for success are positive. And it's this combination that hai made Mister Donut o giant company. With Mister Donut you're getting a multi-million dollar product, the momentum of fifteen years of unbroken growth, the backing of a hard-hit'ing advertising and P.R. program, and the know-how that trains you to be successful. Franchises are available in your area now. Call Mr. James Charade, (416) 630-7746 collect, or fill out the coupon. Send me, without obligation, full information on how I can own o Mister Donut franchise. Nome Address Cify PROV ZIP PHONE MAIL TO: Mr. James Charade, MISTER DONUT OF CANADA LTD. 1111 finch Ave. W., Downsview, Ontario. Mister Dcmujf ronto holds a controlling inter- est in the property along with the Bank of Nova Scotia. NIPPON A CUSTOMER All the copper concentrate will be purchased by Nippon Mining Co. Ltd. of Japan in the first five years of operation. Some of the molybdenum will be purchased by Mitsui and Co. Ltd. of Japan. Noranda Sales Corp. wilt market the rest else- where. On the 3.400 acres of scrui) trees and domed hills covered by the Brenda lease, the com- pany has gouged out a 425-acre section for the open pit and j plant site, another 250 acres for tailings disposal and a fur- ther 275 acres for a water-stor- age lake that already is becom- ing a popular recreation spot. The pit area, measuring feet by is toward the top of a hill. Crews work down, blasting off 50-foot ter- races with two blasting drills and two shovels which handle 11 cubic yards of rock at a scoop. The rock is carted to the grinding plant and concentrator in 100-ton trucks, each three sto- reys tall and costing The on-site concentrator system handles tons daily, yield- ing about 250 tons of copper concentrate and more than 20 tons of molybdenum. From the mine, the concen- trates move by rail to Vancou- ver for shipment by sea, earn- ing Canada about an- nually in foreign exchange. H. H. Smith Ltd. Customs Broker 8 CALGARY I LETHBRID6E 328.8141 COOTTS Phone 344-3832 STORE FOR RENT GOOD LOCATION ON 5th STREET SOUTH Suitable for shoe sforo or ladies' wear store APPLYi Stan's Men's Wear 321 5th St. S. PER MONTH To some people an impossible dream, but If you're a franchise man you know it's a fact with the right deal. This we have. Unquestionably the finest vending machine program in the country. Not of our sales staff is earning less than a week commission and some never heard of the word 'fran- chise' until they joined us. We will talk to any exec- utive type salesman with lale model car, good ward- robe and willing to travel extensively. Complete train- ing to those accepted. For personal interview call MR. KENDALL Sunday, Monday and Tuesday in Calgary at: 266-1611 Next Week at Fort Macleod Auction Market Ltd, TUESDAY, mi 30th at 11 a.m. CATTLE SALE 500 to 600 Head ALL CLASSES OF CATTLE ALSO TUESDAY, JUNE 30fh at 2 p.m. WHILE THE CATTLE SALE IS IN PROGRESS. LUMBER Including Feet ef Dressed Lumber 2x4, 2x6, 2x8, 2x10 and 2x12. Feet of Rough Lumber 2x4, 2x6, 2x8, 2x10, 2x12, 4x4, 4x6 and 4x8. SALE CONDUCTED BY ;