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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 29, 1974, Lethbridge, Alberta 24-THE LETHBRIDOE HERALD-Saturday, June 29, 1974 The Herald Business Market trends VANCOUVER fCP) Prices were up in mudertile lidding at the close of the Vancouver Stock Exchange Friday Final volume was 2 613 216 In the industrials Canterra was down 06 at 43 on 13 000 shares Ther- moplex was unchanged at 40 on 9 000 shares Mercuna was unchanged at 08 on 5 000 shares Block Bros was un- changed at on 4 500 shares Tokar was unchanged at 10 and Cornat was unchanged dt 80 In the mines Consolidated Fortune Channel up 01 at 69 on 200 400 shares Sonesta was up 02 at on 90 400 shares Sonesta A was up 04 at 65 on 73 400 shares Laura Industries was up 02'a at 30'z on 59000 shares Gladiator was up 07 at 26 and Con solidated Fortune Warrants were down 01 at 49 In the oils Cop Ex was down 02 at 35 on 140 500 shares Pavette was up 09 at 54 on 80 000 shares Seneca Development was up 08 at 01 on 21 500 shares Pavette Warrants were un changed at 27 on 20 200 Princess was down 04 at 21 and Delta Pe'roleum was unchanged at 12 Winnipeg grain i( l'i lulling wjs dctiu1 wi'h most pint1' lowir dt the dost ol ltdilini, on tin Winnipeg (omnuidiU -.hotted mdmdUdl ind ino-.t lutuns dosed iimderdtth liighu Vulutm ol ttjdi was 1 am bushi Is (il i ipisiid bb9000oi i. Imui 482 Oct 21 s Vn Dec 1M Itmu 8W. Viimuuiir rdpisiid lune 11 i hight I 7 ili Sipt i higher 7 H'iU hightr b K' Jdn 3 lower IhundirHjx tjpisud luh 10lower 7 KIB lowti b 15 umrungtd b 10U unchanged KM luh 9 lower Al1 B (Xt 9 lower 2 81'. Ut-j% stock market (annul be expected to post anv sustainable gains until there are eleai signs thai rates have peaked In the I nited States the market also lell shaiplv as some interest rates went higher Analvsts s-ai a decline in the vueklv lodn demand figures- lrom iNevv Wk will be the first sign ihdt mleiesi rales are abaling bul in reccnl weeks the Irend has been en a lie At New Vorn Ihe Dow Jones average ol iO industrials fell 12 88 during Ihe week to close F'ndav al 80240 Al lorunlo Ihe industrial index reacted to the decline at New York It had a nel loss ol 4 64 to close the week at 18! The Montreal stock markets industridl index closed at 195 08 down 20i The composite index fell 99 to close at 184 96 volume was 2 b million shares worth S15 14 million compared with i29 million shares and 64 million last week rtuing inflation also caused investor disinterest sav the stagnating market needs a catalvst lo awaken mleresl and trigger a rallv decline in mllalion mteresl rates of Ihe ledera! eleclion outcome especidllv it one of the major parties torms a nidjontv government could be Ihe calalvst Golds reacting to pre election uncertainties and lower bullion prices un the overseas markets fell 14 28 to close Fndav at 41951 Investors apoeared warv o! the Ontario government s proposals to amend the Mining Tdx to prevent what analvsts term the exploration drought that would have mevitablv fol- lowed implementation ol the original measures The base metal index lost 2 51 on Ihe week lo close at 78 79 Dividends Dividends are quarterlv unless othervv ise noted Central Railwav 18 cents Sept record Aug 8 International Mogul Mines Ltd b- per tent 1st pfd series 4 30 cents O veai to March !1 toil mugs ol (ompaiiRs whose slocks IK listed in the industrial index rose 42 to M d billion lioin 2 billion in I'l7i Golds base nu tals and vustim ml shaies legiskred gams ol U) and 84 pei lent respedivelv Chicago markets CHICAGO (AP) Most commoditv futures were lower on mdjor ex changes in the United Slates this week as profit takers moved in Wheat futures on the Board of Trade which had advanced about 70 cents d bushel the previous week were low el bv 48 cents Corn futures were up 8 cents but soybeans medl oil and oat1: closed on mixed tones Pork bellv futures advanced the limit for the seventh straight on the Mercantile Exchange Tndav and posted a gam of 750 points for the week Live hogs also mosth strong throughout the week gained Sb 75 for the five session while live cattle futures increased 00 Snell eggs gained up to about 250 points Silver futures fell fur the third straight week although the dicline amounted to less than II cents an ounce In the last two weeks silver futures fell a total of 43 cents Coffee orange juice and copper lutures also posted declines although small World sugar gained up to 100 points and cotton closed unchanged to 50 cents a bale higher while cocoa was unchanged to 150 points lower EXPANDED HARVEST The winter wheat harvest expanded and some new crop gram began to move into commercial channels Soybean planting was nearmg com- pletion and corn and soybeans as as meal and oil were under quite ac live selling pressure at times Markeiii gs of livestock slowed down noticeably during the week and as de mand continued a good level prices increased Another fac'or in the in crease of animal futures was a trade belief the b S Government might come to the aid of livestock producers Good movement of stocks helped in fluence buvmg of pork bellv futures Profit taking and a slowed down de- mand worked silver and copper prices lower Gold also came under some pressure abroad and this tended to re'lect on silver Cotton futures appeared to react to weather changes and speculative demand At the close of the week s trade on the Board of Trade Chicago wheat was 39 to 48 cents a bushel lower Julv 4 11 Gulf hard red wheat 39 to 41 lower Julv 434 corn 2'2 to 8 higher Julv 2 97lz oats 334 lower to 2 higher Julv 140 and soybeans unchanged to 9 higher Julv 568 Soybean oil was 35 points lower to 25 higher Julv 31 60 and soybean meal 260 points lower to 100 higher Julv 10490 Alberta grain Perllch FARMERS, DEALERS, STOCKMEV YOUR NEW AND USED Ed TO A GIGANTIC EQUIPMENT AUCTION SATURDAY. AUGUST 3 z.n. LIST NOW! Contact TONY VIRGINILtO. Sales Manarer, Phone 345-4; 91, Ccr..dale NO SALE MONDAY DUE TO HOLIDAY WEEKEND TABER AND DISTRICT 4-H SHOW and SALE VAUXHALL, ALBERTA Shew Tuesday, July 2nd Sato Wednesday, July 3rd PERLIC H BROS. Located tn the Hub Sc Alberte 3 of Lethbrid; ghwe BOX 1057, LE _RIDr Phone Day or Night OUR NEW PHONE N 329-310 Company 0" AUCTIONEERS I JOEPEBUCM Uc. SOP ti LOG HOG SALES every WEDNESDAY Nogs at 0.m. NO HOG SALE WED., JULY 3rd U CATTLE SALES WILL CONTINUE EVERY MONDAY be content lo accept one otfer al home consign your live, 1o us Where you guarartcsn! 1o have the Auction lull ol Buyers to bifl on your product PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR K.5HT Aoefloneen JOHNMYCRARLTON There were 811 head of livestock sold this week at Periich Bros 4uction Market Ltd Receipls included 369 catlle and 442 hogs Price quotations as follow-: SL At GH1ER CATTLE U and 42 steers 46 to 4675 41 and 42 heifers f! nO to 40 20 Cl cows !0 to I! 90 Dl and D2 cows 27 lo 29 U4 cows 20 lo 26 REPLACEMENT CATTLE Steer calves 400 Ibs 40 to n SO Steer calves overiOOlbs Fort Macleod FORT MACLEOD 9n offer Fort Macldftd Auction Market last week were 396 cattle A few 41 and 42 cows TO-32 good green steers (600-650 pounds) 41-43 fleshier and heavier weight steers 38- 40 grass siocker heifers 34 35 feeder heifers and heiferv cow-; TO-Ti At Hi-Wav 52 feeders 41 and A2 steers 44 50-46 00 and 3 00 subsidv 41 and A2 hei'ers 3850-3930 and 300 subsidv Dl and D2 cow s 2960 EDMONTON ITie Alberta Gram Commission in its weeklv report Fridav said feed grain price fluc'uations was quite noticeable in the regions lrom Red Deer and south but thev remain unchanged in the rest of the province Prices from Lethbridge and district range wheat S.305S350 oats SI 50 SI RO dnd barlev S2 25 S2 45 From Medicine Hat Brooks to 4325 Plain qualitv steer calves al! weights 40 Feeder over 800 Ibs 40 lo 44 50 Holstem steers 29103225 Heifer calves 500 Ibs lo 36 80 Plain qualitv heifer quotations are wheat S3 30-S4 25 oats calves 30 to 34 Feeder heifers 34 c> 60 SI Si and barlev S2 25 S2 45 The Calgarv area buvers are bidding wheat S3 iO S3 80 oats SI 60-S1 70 and to 3t> iO HOGS, DAIRY CATTLE Market hogs li.e weight to 28c barlev 0-, S2 4n Feeders o-ei Tne Red Deer reporter advises 100 Ins 22 to 18 Bred sows and wheat S2 75 S3 80 oats SI 30 SI 50 and gilts 40 to 49 bariev S2 10 S2 25 4round Vermilion grain prices ranging wheat S3 00 S3 80 oats IT 51 (0 and barlev SI 80-S2 20 From Edmonton buvers are quoting wheat S3 00-S3 40 oats 50 and barlev 52 20-S2 30 Prices received for Peace River area are wheat S3 00 S4 00 oats SI 25 SI 40 and bdrlev S2 05 S2 25 heed corn S37a per oushel fob Calgarv Dollar value MONTREAL iCPi li S dollar in term1: of Canadian funds at noon todav wjs up 7-50 at SO 97 9 50 Pound sterling was up 29 100 at S2 32 4 25 Pound sterling was down 1 20atS2 389 10 Calgary CALGARY (CP i