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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 2, 1974, Lethbridge, Alberta February encouraging to Canadian investors The Herald Business By SANDRA INGAI.SBK Canadian Press Staff Writer Canadian stock markets closed higher this week, ending a month that proved to bo generally encouraging lor investors in some recently depressed industrials but as nerve-wracking as ever lor holders ol speculative mining shares and oils. The Toronto industrial index, considered a barometer of market trend, was higher lor the lirst three day- this week, extending a string of gains that began in mid-month. 1'rolit-taking during the final two sessions tri'nmcd some ol the advance but the index closed the week with a gain of 2.2IJ to 222.67. TJie Montreal market's composite index rose 1.89 lo 230.03. Analysts cite a number of factors for the February market rally which saw the Toronto industrial index gain 8.25 points from its Feb. I level. U.S. INTEREST HELPFUL Reports of higher corporate profits and increased interest in Canadian securities by Americans-since the end ol the interest equalization tax have helped. The New York market moved lower this week with the Dow Jones average 3d industrials lalling 4.07 to 851.H2. The Toronto gold index closed 'Fridav with a weekly loss ol 27.30 to 523.21. slightly higher than the close a month ago. Those figures however, conceal some wild gyrations in the index during February. The index closed at an all-time high of 592.21 Feb. 8. then lour days later suffered its largest loss on record of 31.1 points. Analysts have a variety of ex- planations ior the sometimes puzzling movement in gold the price of golu bullion was rising to record levels during February, gold shares were often but generally agree that' the spectacular rise in many of the stocks early this year made them vulnerable to a sharp corral ion. The Toronto base metal index closed at 105.40. down .09. Shares of British Columbia-based companies continued lo show weakness following word of proposed royalty legislation. JULIAN VENNIKENS FARM SALE 1 miles South of Tabir Sugar Factory Watch for Signs SATURDAY, MARCH p.m. TERMS GASH TRACTORS: M. new rubber and farm hand; mddel B, with beet cultivator and tools; 1 Deere model D MACHINERY: ft. A.C. 3 pt. hitch mower; Deere 14 run. VonBrunt Press Drill Deere No. 55A 3 bottom 14" plow on rubber; foot packer; bottom horse plow; Fairbanks morse pump with AC gas motor 'and trailer; ft. lengths 4" pipe with risers; 30-20 ft. lengths 5" pipe; older type pipe trailers; 1 manure spread- er; ft. AC side delivery rake P.T.O.; Ford, 3 ton with beet box and stock orig. miles; 1-no. 46 I.H-C. baler; 1-platform scale; 1-1.H.C. mower; 1-16 ft. Mayrath 4" auger with electric motor; 1-24 ft. Snowco bale loader; 1-M.M. no. W1201 swather 12 ft.; Chatsen ditcher; framed trailer; bug: bottom plow; Deere double disc, 10 ft.; harrows and draw bar; gal. water tank; Deere beet drill MISCELLANEOUS: bench vise, anvil, jacks, grease guns, sump pump hand tools, rubber tired wheel barrow, propane torch, chain hoist, twine cement mixer, brooder lamp, weed sprayers, churn, calf puller. AUCTIONEERS NOTE: Mr. has told his farm and is retiring. All his equipment has used by him on only section of land. Although the machinery is not new it is in real good working order. SALES CONDUCTED BY PRAIRIE LIVESTOCK LTD. P.O. Box 2331 Taber, Alberta Phone 223-3921 Auctioneer GARY JENSEN Lie. No. 040-416 Clerk E.V.KEHKHOFF REGULAR CATTLE SALE EVERY I MONDAY 11AJW. HOG SALES every WEDNESDAY We will be assembling Market Hogs for the Marketing Board and sell Weaner and Feeder Hogs at 1 :OO p.m. NO HOGS WILL BE SOLD MONDAYS I SECULAR CATTLE SALES WILL I CONTINUE EVERY MONDAY Don't be content to accept one offer at home, consign your live- stock to us. where you are guaranteed to have the Auction Ring full ol Buyers to bid on your product. Be ture to attend these Sales! Saturday, March 9th p.m. Julian Vennikens Farm Sale 1 Yi mikw south of Taber Sugar Factory Saturday, March 16th a.m. Joe Klemens Farm Sale 4 mites south and mite vast of Taber Sugar Factory Thursday, March 21st a.m Ken Williams Farm Sale 4 mites south of Taber SPRING EXTRAVAGANZA FARM MACHINERY SALE THURS., MARCH 28th 10 A.M. at the AUCTION MARKET TABER LISTINGS INVITED 5th ANNUAL SPRING BULL SALE SATURDAY, MARCH 30th 1 p.m. UtBnp tarrttwl EiNriM Frtifj. 1Mb 6th ANNUAL SPRING HORSE SALE Saturday, May 11 at p.m. Invllvd Now is the Time to Book Your Spring Farm Auction Sale. Choice Dates still available. PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIGHT GARYJENSEN JOHNNY CHARLTON Uc. Much activity in oils ut Toronto was in shares ul companies with interests in the North Sea. The uncertain outcome of Uie British vlectiun produced sharp declines Friday, and the western oil index closed the week at 262 92. up .62. The index had a monthly loss of 7.56. Active trading in mining and oil shares was reflected in heavy volume ai Toronto during February. Total volume was 83.3 million shares, heaviest since January. 1969. Value of shares traded ol million was a decrease from both last month's total and February. 1973. Volume at Toronto this week was 21.53 million shares and value S173.B9 million, compared with 17.35 million shares and million last week. At Montreal. 8.13 million shares wen; traded lor a value of million compared with 7.44 million shares and million week ago. Livestock Ottawa OTTAWA (CPl About 14.000 slaughter cattle and calves were for sale at the 10 public stockyards this week, a decline of 800 from last week. In Toronto, demand for top-grade steers was light with prices dropping at the close of trading. Prices for top-grade heifers remained steady under moderate demand. In western centres, prices for top- grade steers dropped to A-l and A-2 heifer prices were generally steady except in Calgary where prices fell at mid-week. Toronto prices for D-l and D-2 cows dropped 50 cents at mid-week while in western centres they were steady to lower under a moderate demand. Vealer calf prices were steady in most centres. In Winnipeg they dropped to following mid-week fluctuations. Receipts of feeder cattle and calves declined 1.500 head with about 5.500 on THE STOCKMAN'S MARKET KANE SANDER CHAROLAIS SALE MON., March 42-2 year old Bulls to Pure 23-open Heifers to Pure 18 months old 6 Bred Cows 300 to 500 HOGS SELL Tues., at 1 p.m. also Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Dressed Basis Special Rancher Wed., Mar. 6th -1p.m. TOP QUALITY RANCH CALVES YEARLING FEEDER AND FAT CATTLE and CALVES Thursday -1 __________600 HEAD 600 LE GRANDE LIMOUSIN LTD. LIMOUSIN DISPERSION Bull -GttHMCIM 170 1 CO Bred and Open Limousin Females Friday, March 8th 1 p.m AG-EXPO GIGANTIC AUCTION SALE SAT., March 9. 12 Noon LETHMIDGE EXHIBITION PAVILION Agricultural Equipment and HouMhoM SPRING ROUNDUP BULL SALE Hereford Angus Shorthorn Charolais Won., March 11, 1 p.m. ENTRIES CLOSED SPRINGTIME SIMMEHTAL SALE MOIL, March 25, 1 p.m. Femaltf Purtbred bulls ENTRY DEADLINE FRI., MARCH Listings Invited Stock Cow Sale Friday. Mar. 29th 1 p.m. PERLICH BROS. AUCTION MARKET LTD. tocattd the Hub Southern Indnafry 3 WHU