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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 9, 1974, Lethbridge, Alberta 30-THE LETHBRIDGE HERALD Saturday, March 1974 Labor government aids oil rally By SANDRA INGALSBE The Canadian Press Canadian stuck markets continued tu climb this week, recording their fourth consecutive weekly gain. Trading was light to moderate. Improved corporate profits and a stronger INew York market were the main reasons for the advance, analysts said. The New York market rallied strongly at mid-week on the latest rumors of an early end to the Arab oil embargo. Canadian markets shared the enthusiasm, recording some of their best gains in weeks. Despite some profit. taking following the strong advance, most leading indicators closed the week hitfhpr At New York the Dow Jones average of 30 industrials rose 26.13 to 878.05. The Toronto industrial index, main indicator of market trend, was up 3.29 to highest level since Nov. 12, 1973. and the Montreal composite index f THE STOCKMAN'S MARKET SPRING ROUNDUP BULL SALE 115 81HEREFORDS. 17ANGUS 14 CHAROLAIS. 3 SHORTHORN Mon., March p.m. Stockmen's Source for Good Rancher Bulls 300 to 500 HOGS SELL Tues., at 1 p.m. SPECIAL FOR TUESDAY, MARCH 12 r200 HEAD HEAVY FEEDER HOGS -also- Dairy Cows Baby Calves Sheep SELLING AT P.M. TUESDAY, MARCH 12th E. GRAMMS DAIRY SALE 25 HEAD FRESH AND SPRINGING HOLSTEIN COWS Market Hogs Shipped Daily Live Weight and Dressed Basis Special Rancher CALF SALE WED., March p.m. TOP QUALITY RANCH CALVES YEARLING FEEDER AND FAT CATTLE and CALVES Thursday -1 p.n, 600-HEAD-600 SPRINGTIME SIMMENTAL SALE MON., March p.m. Famalra Purebred Bulls and ENTRY DEADLINE FRI., MARCH lat Stock Cow Sale Friday, Mar. 29th 1p.m. Listings Invited SPRINGTIME MAINE ANJOU SALE MON.. April 1st p.m. Invited GIGANTIC EQUIPMENT AUCTION SALE FBI.. April 5th-10 a.m. art expecting local and have good demand tar Trucks, Irrigation, Fevdlot, Tillage and Haying Equipment. To List Equipment Contact TONY VIRGINILLO at 345-4291 Also Special! of Various Dimensions. J BREED BUILDER CHIANINA SALE MON.. April 8th. 1l.a. Bred ano open Chianina Females TWI-LIGHT NEW BREEDS BULL SALE TUBS.. April 16th. 6 p.m. SIMMENTAL. MAINE ANJOU BLONDE, CHIANINA LIMOUSIN, PINZGAUER, etc. ONLY TOP QUALITY BULLS AWE EUBISLE USTIN6 OEAOUME MUCH 28.1874 PERLICH BROS. AUCTION MARKET LTD. tocrtad te tht Hub O Mbmrt UwMtotk hxtotry 3 MM umtattgt en Highway 3 and TU4A2 Day or Night 329-3101 PLEASE NOTE NEW PHONE NUMBER r 329-3101 CempanyTteOTM NO. 071465 AUCTIONEERS: JOEPERUCH 0OBBALOO TONY PERUCfi UC. 01Wti UC. W7454. UC. 0102K tu 233.65. (Juki issues continued to swing widely. The Toronto gold index Tuesday had its largest loss on record. 32.3 points, then rebounded Thursday with a 37-point gain. On the week, the index fell 12.96 to 510.25. The base metal index rose 2.48 to 105.42. OILS RISE Western oils were stronger this week, up 3.79 to 266.71. Stocks of companies with North Sea interests rallied after the formation of a Labor government in Britain. attributed some renewed buying interest in these oils to a feeling among investors that the minority government would not be able to carry out its campaign pledge to nationalize offshore oilfields. They say inflation has been a major depressing influence on stock prices during the last year and any easing in the pressure again will increase the attractiveness of stocks. Wood Gundy Ltd. comments that abnormally high rates of inflation, lower levels of real growth, international currency-trade problems and declining rates of earnings growth in the corporate sector will emerge over the next six months. It is paradoxical. Wood Gundy says, but these negatives "will probably precipitate the next major market rally." "A slowdown in demand and any levelling off in commodity price should, in our view, ease inflation forces both in Canada and the United States." Trading was moderate at Toronto this week with 15.42 million shares traded for a value of S150.32 million, down from 21.98 million and million last week. On the Montreal market. 7.13 million shares were traded compared with 8.11 million last week. Value was million compared with million. Winnipeg grain SPECIAL STOCK COW SALE Wed., March 13, 1 p.m. Featuring 75 Head of mostly Hereford Stock Cows. A-1 Bred to Simmental Bulls. 60 are Bred to Prairie Boy, 15 Bred to Harald. These Cows are guaranteed Bred as stated, as no cleanup Bulls were used on above Herd. Consignment by Diamond J Simmentals of Oyen, Alberta. Also at this Sale are 10 Half Charolais 3-year-olds, six are bred to the Chianina Bull 'Friggio' Other consignments will be taken to Sale time, approx. 300 head expected. On Display Sale Day will be "PARISIEN ROYAL" SON OF PARISIEN One year old. He was the highest priced Bull sold at the Billings (Montana) Association Sale. Dec. 13. 1973 and purchased by the Diamond J Ranch, Oyen for the amount of HANNA ROUNDUP AUCTION MARKET LTD. JOHNNY SHIELDS and SONS AUCTIONEERS Phone 854-3063, Hanna, Alberta 'Heart of the Hard Grass 'Cattle Country' Livestock Ottawa OTTAWA (CP) Cattle and calves offered at the 10 public stockyards this week numbered 14.200, about 200 more than last week. In Toronto, a narrow demand pushed down prices for steers and for heifers, but as trading progressed .demand moderated and steady prices prevailed. Dl and D2 cow prices dropped 50 cents early in the week but closing grains were In Western Centres, light to moderate trading resulted in losses of SI to 32 for A-1 and A-2 steers. Early light trading in heifers pushed down prices 50 cents to but closing gains were reported. Vealer calf prices in all centres remained steady. Feeder cattle receipts increased more than 200 head with about 5.700 on offer. Demand was uneven for most classes. TRADE SPARSE In Toronto, active mid-week trading REGULAR CATTLE SALE EVERY IMONDA AT 11A.M. in heifers of more than 550 pounds and heifers' 401-550 pounds resulted in increases of Prices for steers of more than 750 pounds dropped Trading was sparse in most western centres except in Edmonton where closing gains of to helped offset early losses of to Prices for steers of more than 750 pounds dropped to below last week's closing prices. About 2.055 sheep and lambs were for sale. more than last week. Toronto reported prices up to but in Calgary prices dropped Index 100 hog prices declined all week in Toronto daily losses of 30 to 55 cents were reported. In. western centres prices were uneven. Gains of to were reported by early and mid-week prices were down to STOCKYARD PRICES Slaughter cattle, steers A-1 and A-2: Calgary 42-44; Edmonton 42.50-43.50; Saskatoon 43-44.50: Winnipeg 45-46; Toronto 45-47. Heifers. A-1 and A-2: Calgary 31.50- 34.60: Edmonton 33-34.50: Saskatoon 31.50-32.75: Winnipeg 32-34: Toronto 33.50-34.50. Slaughter calves, good and choice veal: Winnipeg 65-75; Toronto 51-60; Montreal 62-70. Feeder steers of more than 790 pounds: Calgary 40-44; Edmonton 40- 45: Saskatoon 34.50-43.85: Winnipeg 43- 48: Toronto 44-48. Feeder steer calves 401-575 pounds: Edmonton 45-53. Winnipeg 45- 48: Saskatoon 35-45.25; Toronto 49-55. Good Iambs: Calgary 38-39: Toronto 47-50. Index 100 hogs dressed: Calgary 42.80-44.75: Edmonton Saskatoon 44.55-45.05: Winnipeg 43.50- 46.80: Toronto 46.25-49.35: Montreal 46.29-47.97. Fort Macleod FORT MACLEOD On offer by Fort Macleod Auction Market last week were head of cattle and calves. All classes of stackers, feeders and slaughter cattle sold easier than last week. Slaughter classes were down 50 cents to Replacement cattle were selling under pressure and down to SLAUGHTER CATTLE Al and A2 steers 45-45.60; with odd sales to 45.90; A3 and A4 steers 44- 44.90; Al and A2 heifers 42-42.60; A3 and A4 heifers 40.7041.90: Dl and D2 cows 31.75-32.75; D3 cows 29-31.25; D4 cows 25-29: good balogna bulls 39-39.80. REPLACEMENT CATTLE Good short keep feeder steers 44-46; good feeder cows 28-34. Good steer calves 48-53.25; medium quality and heavier type steer calves 44-49.50; good heifer calves 38-42; with replacement quality up to 46. At Hi-Way 52 feeders 773 steers, .mostly Al and A2 44.80-45.50 with one package of 159 steers selling to 45.70. Al and A2 heifers 42.50-42.60; good fed cows sold from 30.20-33.50: with heifery kinds 35-37.70. Hog prices EDMONTON (CP) Average closing prices Friday provided by the Alberta hog producers marketing board. Thursday average in brackets: Edmonton: 44.36 Calgary- 44.15 Red Deer: 44.87 Lloydminster: 43.25 Lethbridge: No sales Fort Macleod: No sales Total hogs sold 3.160, average 44.48. No sows sold. REMEMBER... HOG SALES every WEDNESDAY We will be assembling Market Hogs for the Marketing Board and sell Weaner and Feeder NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY I Don't be content to accept one offer at home, consign your live-1 stock to us. where you are guaranteed to have the Auction Ring full o! Buyers to bid on your product Be sure to attend these Sales! Saturday, March 16th a.m. Joe Klemens Farm Sale milt Sugar Factory Thursday, March 21st a.m Ken Williams Farm Sale 4 mites south of Taber EXTRAVAGANZA FARM MACHINERY SALE THURS., MARCH 28th A.M. at the AUCTION MARKET TABER LISTINGS INVITED 5th ANNUAL Porllch There were 1.467 head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 856 cattle and 611 hogs. Market was to J2 stronger on all classes of feeder cattle and batcher cows, weaner and feeder hogs were steady. Price quotations as follows: SLAUGHTER CATTLE Dl and D2 cows 33.50 to 35: W cows 29 to 33: Bologna bulls 38.10 to 39. REPLACEMENT CATTLE Steer calves. 250-400 Ibs. 45 to 49; steer calves. 400-500 Ibs. 46 to SO: steer calves over 500 Ibs., 45 to 48.25: plain quality steer calves, all wgls.. 40 to 44: feeder steers, under 800 Ibs.. 43 to 48.20: feeder steers, over 800 Ibs.. 43 to 46.25: holstein and shorlkeep steers 33 to 43.50: heifer calves, 250-WO Ibs.. 35 to 40; heifer calves. 400-500 Ibs. W to 42: heifer calves, over 500 Ibs.. 37 to 39- plain quality heifer cal-es 30 to 37: feeder heifers 36 to 40: leeder cows 30 co good quality stock cows and heifers 400 to 435: medium quality stock cows and heifers 350 to 385; plain oualitv stock cows and heifers 275 to 325. HOGS. DAIRY CATTLE Market nogs dressed weight. 42.75 to 44.45; good weaners 18 to 27: light wcaners 12 to 17.50: bred sows and gilts 75 to 120: baby calves GO to 120 light calves 130. Egg prices EDMONTON (CP) Weekly egg and poultry report issued by the federal agriculture department: EGGS: To producers: A large 71: A medium A small 50: B 51: C 10: cracks 28. To retailers: A large 83-84: A medium 8041: A small 6549. (two cents extra in To consumes (in A large 92-93: A medium 89; A small 75. POULTRY: To producers: Live No. 1 chicken broilers. 35'i: 6 and over. 40: 5 and under 6. 3314; fowl under 4. 10-12: turkey under 12.45'4: 12 to over 18. Live No. 2 chickens 6 and over. 36: 5 and under 6.30'4; turkey under 12. 12 to 18. 43'4: over 18. 4U4. futures WINNIPEG