Lethbridge Herald, The (Newspaper) - March 24, 1970, Lethbridge, Alberta
Downward Trend On Market Steady Livestock Market Report TORONTO (CP) The To-1 ronlo stock market moved mlo i Ms third consecutive downward session today with a small loss in light mid-morning trading. On index, industrials were down .13 to 181.30, base meals to 111.56 and golds .02 to 182.97. Western oils picked up lo Losses outnumbered gains 130 to 1M with 188 issues un- changed. Volume by 11 a.m. was shares compared with at the same time Mon- day. Patino said today it will hare Trading in the slock was halted Monday at Ilic company's re- quest. Patino said oday it wil have a 30-per-ccnt interest in a New Caledonia nickel property. Seaway, most active in- dustrial, rose ?s to Ki on shares. Argus Inc. of South Car- olina plans to make an offer of cash for 77 per cent of Seaway's outstanding shares. Numac gained 5 cents to alter reporting increased annual earnings. Murphy Oil was up 14 to after reporting annual earnings of 44 cenls a sliarc compared with 39 cenls in 1968 MONTREAL (CP) -Banks advanced fractionally while all other sectors of the Montreal stock market declined in quiet The Dow Jones average of 30 indusrials at noon was up 7.92 at 771.52. Winners led losers by 2 to l. Among Canadians, Canadian Pacific, Hudson By Mining and Dome Mines rose Vi. Wlker Gooderham was up Mclntyre Porcupine tost American Stock Exchange prices included Canadian Jav- elin, up ?s, and Jupiter Corp., up Vt. Preston fell '.i. trading early today. The com- posite index was off .22 to 178.06. The Royal Bank was up W to and Bank of Montreal to 16V'j. Banque Canadienne Na- tionale slipped tt to 11. Among industrials, Imperial Tobacco gained Canadian Marconi was un changed at 4.00 on a 200-sliare trade. The company recently re- ported a net profit ot in 1969 compared with a loss of a year earlier. Among senior mines and oils, Imperial was unchanged at Rio Algom declined to ISVi and Noranda to On index, industrials were off .36 to 188.69, utilities .12 to 13.38 and papers .33 to 117.58. Banks were up .65 to 182.72. Combined volume on the Mon- treal and Canadian Stock Ex- changes was shares at 11 a.m. compared with at the same time Monday. HEAVY GAIN NEW YORK (AP) The stock market registered a hefty, broadly based gain in light trad- ing early this afternoon. Grain Prices Winnipeg Grain Prices WINNIPEG (CP) Sharp declines in rapeseed highlight- ed extremely light trading at mid-session on the Winnipeg Grain Exchange today. Rapeseed was Hi to 8Vi cents lower on light local and commission house activity with exporters on the sidelines. Flax prices were also down su'ghtly. There was small domestic shipper buying for eastern feeders in oats and barley with prices firm. There was a small rally tendency in May barley. Rye had small trading in inter month and inter-market spreading. Volume of trade Monday in- cluded bushels of flax, of rapeseed and Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 160 cattle. Receipts mostly butcher steers. Trade active. Good and choice butcher steers meeting good demand at strong prices. Good and choice butcher heif- ers were selling steady to strong. Medium and good two way feeder steers were selling at steady rates. Choice steers 31 to 31.80; good 30.50 to 31; medium 28.50 to 30. Choice heifers 29.50 to 30; good 23.50 to 29.25; medium 27.50 to 28.ro. Good heavy feeder steers 700 to 1000 Ibs. 31 to 33; medium 29 to 30.50. Buaher hogs sold Monday f.ob. Lethbridge 31.95 base price. HOGS Monday sales 760 hogs. All classes of weaner and feeder hops met a good demand from local feeders selling at steady to strong prices. Weaners wer selling about higher whil other classes of feeder hogs t about steady prices. Wean- ,rs Light feeders under 100 Ibs. 21-29; Heavy feed- ers 100-130 Ibs. 29.50-38; Heavy feeders over 130 Ibs. 3746.25. All prices per head. Light feeders under 100 Ibs. soM from 33-36 dollars per hundred weight. feavy feeders over 100 Ibs. 29- 32 per hundred weight. Bred sows and gilts sold from 65-130 per head. Butcher hogs sold tlonday fob Lethbridge 31.93 >ase price. Tuwfcy, Morrfi 14, U70 THI irrHMIDOl HtKAlD IS Calgary Livestock (CP) On offer- to 11 a.m.: about head of caUle and calves. The heavier receipts were mostly choice slaughtc-r steers. Cattle traded actively at fully steady prices. Slaughter steers met good de- mand from Canadian and Uni- ted States buyers at steady prices. Slaughter heifers, cows and bulls vere scarce in early trading and sold at steady prices from local buyers. Choice steers 31.25 to 32.10, good 30.25 to 31.25, medium 29 to 30.25; choice heifers 30 to good 29 to 30, medium 27.50 to 29; good cows 24 to 24.70, medium 22.75 to 24, can- hers and cutters 20 to 22.75; good bulls 27.50 to 23.59. Replacement cattle were heavier feeder steers and heif- ers meeting good demand from local buyers. Good feeder steers 31 to 33; good feeder heifeis 30 to 32.50. There were no calves in early sales. Hogs, base price, f.o.b. Cal- gary to 11 a.m., 31.15 to 31.45, currently 31.45. Portland Livestock PORTLAND (AP) Cattle and calves 600. Early sales slaughter classes steady to strong, some good slaughter steers higher, other classes not established. Slaughter steers, high good and choice, individual arid very small tots, lb., SO.OO- 32.25. Slaughter cows, most utility, 21.00 25.00. Slaughter bulls, commercial and good, 26.25 29.75. Dairy Farmers Advised To Keep Within Quotas MISCELLANEOUS QUOTATIONS Vancouver, Calgary, Montreal Supplied by Doherly, Roadhouse and McCuaig Bros. LAST BID OR SALE a.m. Quo'esl a.m. a.m Quotes) Hog Prices WESTERN OILS Almlnex Aiamera Banff....... Can Sortri CdT Cdn Exp Gel CcJn Ind Gal Cdn Long Is Cdn Suptr Cfnt Del Rio Charier ChlelUn 000 of rye. Mid-session prices Flax: May lower July 1 lower 2.09ViA; Od. lower 2.67KB; Nov. 2 lower Ilapesced: Mar. PA lower May lower 2.68'i; July Vk lower 2.57VjB; Nov. Imver 2.17UB. Oats: May unchanged 74A; July not open: Oct. unchanged 74. Barley: May high e r I.06KB; July not open; Oct. unchanged 1.06B. Rye: May 14 lower l.OattB; July higher HOW; Oct. un- changed l.MB. Prices for class two wheat for export to countries outside 1GA: 1 Nor l.SlTi; 2 3 I.6Ki; 4 5 6 1.435s; 1 Durum 2 3 IGA prices: 1 Nor 2 3 4 1.5Hs; 5 6 1.431k; 1 Du- rum 1.83S; 2 1.80H; 3 1.70V4. 4 75 14.50 VlW 465 3.75 453 5.50 .75 I US tU) US 7.to 55.53 J.I] 1.55 6.53 7.E3 I.CT 1.10 .71 e.io French Peft Gt Plains Mill City New Cont Cdn OH Permo Pelrcl Pinnacle GBJ Pontfer Ranger Scurry Rain Spotr.er Tried 3. V.'est Dec..... 5. MISCELLANEOUS INDUSTRIALS Atco Ind 1JOO Brit (Jilt) Cdn Biew A-..'. Cdn Brew B Cdn Hydro Car. Cdn Pac Inv 27.25 CPR Pfd Inief Prov Pp Int Sleel Jeff Lake..... Kaiser Ret Karn Kotla Lake Ont MGF ManacB Menlor Pac Pe1e Rank Org Shell Inv Shell inv Pfd Shell Lnv Sicks' Ranler V-'eil Sd WMri and Yuk, CALGARY Acroll Ana Pitt Barcm Oil Kamalls Ncrth Cont Platni Pete V.'est Lcdic Calmar. 8.25 EQully 7.5I Gro-JKd Ir.cotr.e 3.5I lit 12 37'A Glh 10.74 11.77 T.3! Investors Mil Ml 5.1) 10S Ve.-A-re J.M Ol H.JIMI Accum. 5.1 J S.M j'ffl tfutlMl Gth F 5.55 5.75 3'iS Inccn-.e 5.72 5.71 K) natural Res 7.34 8.01 7'jO Principal Gth X.Jl 5.21 MM Pravift.lt "'I I'M 15 Sit Rwlund 535 552 J662VS Ur-ilBl Accum. J.70 S.M 1325 VANCOUVER 32 Mining; Belh. Copper Bcirlle Rld3e Bros Nest Ind. 41.00 Cygnus A Cygnus B Gt Cdn Gl Cdn Oil Hsrr.a A...... Heme B Horre end Pit Hudson Bay H-jdsan Bay Oil Hugh Rus Pfd Husky Oil Husky 011 B Hwky Oil Wir. 1.35 .11 .10 .iO Brenrrac...... ,031i B.C. Stgar .35 B.C. Susar .il Capt. ir.rer. C5 Churchill Credit C7VJ Creslbrocfc .....b.fc.......SO Croyde.i Varcfen ___ PIPELINE STOCKS Alia. Gas Tr A 39.35 EriaKo Alia. Gat (Nat.) .22.J-D Fcrl Inland Nat. Gas 9.75 Fufur3tY N Kcrlh, Ctr.tral IZ.IJli Giar.1 W-asccT Centfal B Grar.Tsle..... Tcans Can Pipe Kty (r.d-jst..... Trrs Cn 3 EO 37.CO Hif's Can A 5J.M 13 37Vi trans Car; Pipe w 7.50 Jericho...... Trant 2C.7S Kanr.locps Western Pacific IIS Lcrnex .37 1.25 M.SZ'A u.adiscn "0 oulnalla 2.93 23.50 475 MUTUAL FUNDS Lyltci Mlr.i Special 3.05 Mt. WflS'iir.gtD.'l All Cdn. Com p. 7.2le for dairy supports. Mr. Olson said it is assumet! that fanners will decide that milk which would only earn hem a hundredweight a! :he would be better (ex to calves for meat production. Support prices for cheese, but er and skim milk powder will remain at the same levels as cents a pound for Hitler, 464 and 47 cents for the wo highest grades of Cheddar :heese during the main produc- Bg season and 20 cents for skim milk powder. Mr. Olson said the skim milk sowder surplus had eased a lit- :le but surplus butter has goue up 10 per cent. SYSTEM TO CHANT; E The minister also announced that in future prices for dairy products will be based on a new system of market share quotas. Farmers will be paid one price for deliveries up to the quota level and prices for the excess will be bases on ex- port market levels, which are much lower. But such a supply-manage- ment scheme falls under pro- vincial jurisdiction. Mr. Olson satd negotiations are under way with the provinces to bring il into effect. The market share quota sys- tem has been recommendec both by the Commons agricul lural committee and the Dairy r'armers of Canada. Olson said the subsidy lor industrial milk delivered to tht creameries and cheese ias been a hundredweight, bringing the farmer an averagt of assuming the factor- ies pay Krom that fc de- ducted a 26 cent a hundred- weight holdback to support Mrts of skim milk powder. Deliveries In excess of undef the new policy will not only lose the subsidy but win be docked a hundred- weight for export support. Beef Futures WIXMPEG (CP) Trading was light with some contracts executed at prices unchanged to five cents above previous close levels on the Winnipeg life beef market Monday. Open High Lo-.v Close Prev. May 31.90 31.95 31.90 31.95 31.90 July 31.30 31.30 Sop. 30.70 30.70 Potato Pi-ices WINNIPEG (CP) There was moderate activity with prices five to 10 cents higher at the Maritime potato futures market Monday. Open High Low Close Prev. April 3.05 3.10 3.05 3.10 3.00 May 3.65 3.71 3.65 3.71 3.57 Nov 2.40 FINAL WEEK OF LAKEVIEW TEXACO'S GET ACQUAINTED OFFER! Of FER EXPIRES TUESDAY. MARCH 31st! f SPRING TUNE-UP SPECIAL! ,99 PIEASE CAIA 327-5697 FOR YOUR APPOINTMENT BEFORE MARCH 6 CYLINDER CYLINDER reg. 12.50 4% QQ Keg. 13.50. 1 SPECIAL K SPECIAL ONLY W ONIY (PARTS IXTRA) (PARTS EXTRA) Come In and Say HeTIo to our New Mechanic Georgft Gyumzo inspcd our new service bay. Winner of our Open Home Grand Prize cf a Certificate to BRYAN HERBiNGER- 720 2Ht Street South LAKEVIEW GEORGE GYUR1CZA SERVICE Phone 327-5697 17.81'A Amer. Glh F 5 47 4.C1 PriTtr 17.23 Cbn. Invest F 4.33 4.61 Sllvtr Standard 770 Cc'lecl. Mil 4.73 7.3> T.C. Ex..... IE 37'.i Cc.r.mOTOMHh 14.10 Texmsnt 56.75 Com'Wftllh Ltv 3.S? 3.M Trclan........74 23JO Corp. Investors i.54 6.D3 Western 4.10 11.62'A Drevlus F U.S. 11.4512.55 Westcoajt 3J.75 Federated Fb. i.43 t.n Explcra JM Federated G1h 4.50 MEN NEEDED In Brit area to train as LIVESTOCK BUYERS LEARN TO BUY HOGS, VEAL, LAMB AND CATTLE at xilet bornt, farms, ter- minal yards and buying We prefer lo train men 21 and over with llvesTxk or farm experi- ence. For local interview Wlile, age, phone and live- stock background. NATIONAL MEAT PACKING 3435 Broadway Kansas City. Mo. Flax May Jly Oct Nov High 272 26ffi, 264 Vt Kapcsecd. Mar 278 May 278 Jly 266 Nov 221 Ir.dusl 771.5! 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