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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 4, 1974, Lethbridge, Alberta 2 THE LETHBRIDGZ HERALD May 1974 Bonds Chicago markets GOVERNMENT OF CANADA BONDS Oct 91.60 9570 Jul 9750 9800 7375 7400 Sept 7050 7250 J SplSPerp 3300 3500 Apr 9785 9795 Jul S850 9900 PROV AND PROVINCIAL GJAPANTEED BONDS Mta 90 95 25 96 25 Dnt 7 88 82 50 83 50 3m Hyd 9 94 9650 9750 NJB 90 9900 10000 Mfld 8 74 9950 92 7350 7450 3ue 74 9850 Mta 90 3600 9700 Wan Hyd 8 91 86 50 87 50 Sask 9C 9500 9600 Mfld 90 9BOO 9900 8 74 99 00 Man GT 8 74 99 00 INDUSTRIALS UGasTr 90 9250 Alcan 91 9600 BCFor 92 9650 BC Tel 90 98 00 Bell Tel 79 9800 Bell Tel 93 95 00 CPLld 89 9800 CPSec 90 9300 CdnUtil 91 9600 CWNG 90 9700 Gulf 90 9850 InPrPp 90 9600 Massey 80 9600 Noranda 90 9400 Intl Nick 90 94 00 Gas 91 98 00 Steel Cda 90 94 00 TrCdaPp 90 9700 TrCdaPp 90 9900 W Trans 93 8300 CONVERTIBLES AGasTr 90 11600 12100 Con Gas 89 7500 7600 Acklands 88 9000 9500 Scurry 88 8900 9200 W Trans C 88 7000 7400 WestTr 91 9500 9700 t IIU i Onh d xdiil luiulliil ul lln ni.ijui lommucliU IUIIIKS injcli. Mgmlicjnt cm domestic hannos the paM MR. MIKE MITSCH FARM AUCTION SALE Tirnis cish in lull day ol silt 1 mill south. 2 wist ind 1 mill south ol ALBERTA Lunch ivillihii May 11 p.m. sharp Having rouivid instructions Iron Mr. Mlko Mitsch who his sold his tirm. wi will oiler thi following by public luctlon. This is only i description ind in no wiy i warranty or K to size or igi. ind is subject to minor changes is you may find them at Ine sale. M H super 16 S P motor like Cockshutt 12' PTO No 2 swather canvas and new sickle 2 IHC No WD9 hyd one with Farmhand hay good iHC No 350 Farmall gas tractor hyd belt pulley 1966 Chev complete with box and stock new good shape JD 12' surflex JD 14 ton baler THD Wise good N H 8' model 56 side delivery like IHC No 100 7' pull good JD 14' D D press drill spacing on Victory 11' blade IHC 12' rod- weeder on Cockshutt 10' double JD 3 bottom 16' plow on Cockshutt 12' 246 chisel plow Kirchner ditch Sprayer 42 10' x 20' wooden Inland bale Mayrath 27' gram auger Algoma MA 15 quantity harrows 1000 gal storage tank approximately 300 gal diesel Lumber wagon flat deck on 16' flat deck on 3 feed water quantity hog oil stock tank Alfalfa 17 syphon quantity irrigation ditch canvases old 27 auger and motor Approx 30-35 head good white face young stock cows with white face calves at year old Hereford bull SALE CONDUCTED BY OSEEN AUCTION SERVICES ALBERTA CLERK CASHIERS HOWARD DUNN Geoff Phone 757-2419 Phone 739-2207 Glen Anderion Phone 643-2229 DEAN OSEEN Lie 010386 Phone 739-2185 Alberta AUCTIONEERS ALLAN EGLAND Lie. 010101 Phone 643-2108 Alberta Silui icippci collec.- cocoa and n lutuios lose a lew mi c islci n niaikots ollon wool and IMJIIIK. JUKI' lutuioi declined ttht. .H coin jats and LKistuI lieju losses along and oil lutuies on the board ol 1 1 ado I'OIK c1' live hogs and live tatlle and shell eggs all declined blurph on the Chicago Mercantile Exchange Piolil taking was a major lactor in the sell nils on vanous lunges But the. ic also was some selling inlluUHid prospects lor mcnased gi.iin pioduaion this in the I niled Stalts IUIN bellies fell hjti points undei the inlluencc ol bulging stoiage supplies iinplc hog slaughtei ings and lowe'i .ash bellv prices Live hog declines were tiaced lo increased marketings Live cattle selling lell on weakness in cash prices and disappointment among prolessional longs Al the close on the board ol trade I Chicago wheat was J7 to 48 cents Itinei Mav i b2 Gulf hard red as lighlh tiadecl and ollered no compaiison coin was 18N lo 24 'i lowci oats 12' i lo 14 lowci I 22' and soybeans 15 to 2J lowci Mav 5 17 Smbcan oil was lo 215 points lowei 28 suvuean meal Jl to s4 a Ion lunn Mav 110 quiil itions I II Mn lul Sep i Dec Un n 2 hi i lul 2b2'i Sep IWi Dec 2 41' Mar 2 4V. Oils I 22'. lul I 24 L Sep I 28 Dec I i Mai I J2 Dollar valiM MOM HI KI'i US dollar in tdins ol Canadian lunds closed up 15 at 96 6 25 Pound sterling was up 11 100 at 33 13 25 In V v. 'Mnk the dollar w is dim n II it 01 910 Pound sidling was up 11 211 U II 20 Gold futures WINNIPEG Gold futures b S funds Winnipeg Commodity Exchange close Friday 74 172 OOB Oct 74 178 55A Jan Apr 75 Jly 75 196 IDA s volume 172 contracts REGULAR CATTLE SALE EVERY MONDAY 11A.M. REMEMBER... HOG SALES every WEDNESDAY We will be assembling Market Hogs Iqr the Marketing Board and sell Weaner and Feeder Hogs at 1 p.m. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL 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 'u'l of Buyers to bid on your product 6th ANNUAL SPRING HORSE SALE May 11 at p.m. Listings Invited PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIGHT Auctioneer Salea Manager JOHNNY CHARLTON GARY JENSEN If you're a former planning for the the Commerce has the financing you need. As a farmer you know the importance of planning for the future of your farm business. Often your plans will include the purchase of new breeding stockj additional land or perhaps the construction of a new building. All of these cost money. At the Commerce we know and that's where we can help. We can lend you the money you need now. But the important thing isn't the it's the way you can pay back. Over a number of years to suit your cash flow. The person to talk to is your local Commerce manager. Whatever your credit he can arrange a whole credit package specifically tailored to your farm operation. What- ever it may be. If you wish he can also arrange low-cost farm credit life insurance. So if you're a farmer planning for the see us fiist. Ask about Commerce financing. It pays in the long run. CANADIAN IMPERIAL BANK OF COMMERCE Canadian stock gains resume SANDRA Ihe Canadian Press hi jii Hut the government i excess pnil il bill would shaip declines in shciro Idded somewhat week as Canadian stock markets letoidecl their liril gains in seicn 1 lading was light 1'iicc-s declined across a broad horn list week on that an anli pidlileeiiiig bill would be introduced I hi Toronto market alreadv dt puvsed high interest rates and mllation dioppcd lo its lowest level -.mie luh 1972 as measured bv its mdiMiiul index Anahvls this week attributed the minimal impact ol the bill to the fact that no precise definition of excess piolits was included and thai other p'inisiiins appeared vague noted that impetus lor stiong p mis at mid-week came Irom the New Soik market whuh rallied on hopes mteust rates had reached a plateau and on the lilting or the lasi wage i ml pi ice I'nccs were lower I as a result ol hllli1 economic news lo sustain the advance1 and continuing upward piessuie cm t' S interest rales On tin week the loronto industrial index wicleh based indicator ol maikcl liend rose 181 lo 19S 49 and the Montreal composite index 1 2b lo 207 TO The Dcnv Jones average of JO uulustii ilsat IScw 11 26 to H4 j 10 hading was slow at loionto llns week witli H7I million shaies Haded loi a taluc ol 11 million eompaied with 12 Ih million and million IdM week Miiiilieil MI hi mi' was J 92 million and II million against 12 millicin and million loason loi the low volume was III it midian exchanges reverted lo a with the icliiiii ot time l-xehange-. had been open a since Ian 7 to coincide with iho earlier opining ol the market Olhei leasons were continued caution on the pail ol investors in the lace ol a six week decline in share pi HIS and uncerlamh about measures aliening business in next weeks Icdnal budget weic Inghei on the week up Id In 490 The index had a 24 point use lliuisil.a following a report that a male i Swiss bank has decided to stop I'S dollai eertilicales in But mi loi tear Britain might control c ipil il outllows loionlos base metal index was up I 19 In 91 08 and western oils 2 57 lo 222 over the excess prolil bill mel icecnl legislation had eliuiMi prices ol icsuuiei companies lo bargain levels mel illiacted sonio buvmg analvsts s uel Livestock Ottawa 105-4058 OTTAWA Receipts of slaughter cattle and calves at the 10 public stock yards declined 2 950 head this week with about 21 100 on offer the federal agriculture department reported Friday In Toronto early losses for slaughter steers were offset by heavy supp'ies that resulted in increases of 50 for A 1 and A 2 steers at the close of trading A-l A-2 heifer prices gained at closing under strong trading while D 1 D 2 cow prices declined to in mid week as the demand narrowed A1 A 2 steer prices in western centres generally were steady to 50 cents highei A 1 A 2 prices were steady under active trading Calgary reported lower prices in mid week trading Veal calf prices were steady in all centres A good demand prevailed in most centres for feeder cattle and calves New crop lamb prices declined to in loronto on Tuesday with all other centres reporting insufficient sales to establish prices Index 100 hog prices in Toronto declined on Monday and advances of 60 cents were reported in mid-week trading In western centres prices were uneven ranging from 10 lower to higher STOCKYARD QUOTATIONS Slaughter cattle steers A 1 and A 2 Calgary 47 50-48 60 Edmonton 44- 45 50 Saskatoon 45 46 50 Winnipeg 46 48 Toronto 48 49 50 Heifers A 1 and A 2 Calgary 43 44 50 Edmonton 42 43 50 Saskatoon 42 50 Winnipeg 42-44 Toronto 44-46 D 1 and D 2 cows Calgary 33 50 35 Edmonton 31 50-33 Saskatoon 33 75 36 Winnipeg 35 50 37 Toronto 35 36 Slaughter calves good and choice veal Saskatoon 58-64 25 Winnipeg 70 80 Toronto 50 58 Montreal 60-69 Feeder steers over 750 pounds Calgary Edmonton 4549 Saskatoon 36 25 46 50 Winnipeg 44 48 Toronto 48 50 Feeder steer calves 401 575 pounds Edmonton 49-55 Saskatoon 43-54 Winnipeg 50-52 Toronto 54 59 Good lambs Toronto 53-60 Index 100 hogs dressed Calgary 36 55 37 05 Edmonton 36 50-36 85 Saskatoon 38 10 38 70 Winnipeg 38 45- 39 10 Toronto 40 75 41 30 Montreal 40 34-40 42 futures WINNIPEG Live beef futures close Friday May 48 50 Jly 49 OOB Sep 51 30A Nov 52 50A Thursday s volume Two contracts Metals LONDON Friday s closing metals bid-ask in pounds sterling a metric ton silver in pence a troy ounce 1 338 1 340 futures 1 273-1 274 Tin-spot 3944-3960 futures 3080- 3985 Lead-spot 314-315 futures 321-321 5 Zinc-spot 860-865 futures 789-790 229 230 4 3 months 2375238 Gold prices LONDON Fridays closing gold prices in U S dollars an ounce London 16900 Pans Closed Frankfurt 170 41 Zurich 169 50 Hong Kong 164 78 Beirut 5 433 a kilo Alborta grain EDMONTON The Alberta Commission in its weekly report Friday said prices on wheat and oats fluctuated slightly throughout the province while barley reflected strength in practically all areas Commencing with this release the report will also be quoting a feed corn price for the Calgary area Around Lethbndge feed grain prices ranging wheat 90 oats 60- 80 and barley 60 The report from Medicine Hat Brooks area is wheat 70 00 oats 60 and barley tt 50 In the Calgary district wheat 60- 20 oats 35 60 and barley J2 30- From Red Deer our reporter advises wheat 55-J3 85 oats Jl 20 50 and barley 20 45 Buyers adjacent to Vermilion bidding wheat 50 oats II- JIM. and barley 35 Edmonton and district quoting wheat f3 70 10 oats 40 45 and barley 45 Prices from Peace River country basically unchanged with wheat 40- no oats 21-J1 10 and barley 20- Feed corn tf por bushel f o b f-lmrv cdtl.e 727 calves 2 000 hogs II lambs SUMMARY Butcher cattle prices 3 lower than lasl weeks close Replacement cattle S3 4 higher Trade active Slaughter sleers and heilers under trade prices 3 lower than last week classes ol cows about lower Bulls steadv Beel enialitv premium is included in quotations Medium and good stocker and feeder cattle meeting good demand pri'es S3 lo 4 higher than last week SLAUGHTER CATTLE Steers Al and A2 47 10 to 49 Hollers Al and A2 4450 to 4620 C ovvs Dl and 02 i4 to jrj 90 D3 33 lo D4 30 lo Bulls ft to 36 REPLACEMENT CATTLE Good heavi lecdcr steers over 700 Ibs 44 to 4b Good feeder steers 500 tcihOOIbs 44 25 to SO bO Good feeder stccis undei 500 Ibs 50 lo 5575 leeder hellers over 550 Ibs J8 In 44 00 Good lecddr heilers under 550 Ibs Feeder 25 10 In Cow and rail al side MO to 450 per pair HOGS AND LAMBS Butchu hogs sold tins week at the I cthbi varcls iS 85 to Jb 00 base pi ice There were 197 hogs sold for c I Perllch There were l 876 head of livestock sold this week at Perlich Bros Auction Market Ltd Receipts included 1 016 cattle and 857 hogs Cattle market steady on all classes with a strong demand for all classes of quality cattle PncP quotations as follows SLAUGHTER CATTLE Al and A2 steers 50 to 50 50 Al and A2 heifers 47 to 47 80 Dl and D2 cows 33 to 35 D4 cows 29 to 32 50 Shelly cows 20 to 28 Bologna 33 to 38 25 REPLACEMENT CATTLE Steer calves 250 400 Ibs 50 to 54 50 Steer calves 400 500 Ibs 50 to 53 Steer calves over 500 Ibs 48 to 53 50 Plain quality steer calves all weights 44 to 48 Feeder steers over 800 Ibs 47 to 49 Heifer calves 250-400 Ibs 40 to 44 Heifer calves -400-500 Ibs -40 to 45 Heifer calves over 500 Ibs 40 to 4675 Plain quality heifer calves J5 to 39 Feeder heifers 44 to 47 Feeder cows 30 to 33 Good quality cow calf pairs to 472 So Plain quality cow calf pairs 315 to 425 DAIRY CATTLE Market hogs dressed weight 35 35 to 36 30 Good weaners 16 to 22 25 Light weaners 9 to 15 Feeders under 100 Ibs 23 to 27 Feeders over 100 Ibs 30 'o 43 Bred sows and gilts 65 to 102 50 Baby calves 70 to 115 Calgary CALGARY Friday s sales 967 cattle 545 calves and 75 hogs Good feeder steers under 750 pounds 46-56 50 Good stock steer calves over 400 pounds 45-56 60 Good stock heifer calves over 400 pounds 38-46 The rest of the cattle report was unchanged Hogs base price 36 5S Hog EDMONTON Average closing prices Friday provided by the Alberta Hog Producers Marketing Board Thursday average in brackets Edmonton 3751 Calgary 3752 Red Deer 3754 Lloydminster 36 50 Lethbndge Nil FortMacleod Nil Total hogs sold 4 154 average 37 50 No iows sold The Her-ild Business Winnipeg grain WINNIPEG The week long selling pressure returned to 1 leiwci Xi Nov Hu Mai i lower 5 8JA 2 15' iB Julv market before the 2 II1 Oil 1-iicl.n pushing all months 1 i lowei 2 t picMous close levels at the Ilk Max cash month plunge to maximum lowci level although del en Ml luluies icmained near session Rapeseed which showed strength eailier lell sharph commission house and local closing as much as 20 cents Hve again lollowed the markets and closd slighth s volume of trade 'A 1 09J 000 bushels of 4J2 000 of and 1 fil 000 ol t losing 1 lax Mdi 10 lower 10 2JA JuK lown Nov Inwei 921 Hapesced miouvcr June 17 li 75H Sc pi 1 1 lower 4013 Nov Ib leiuu Ian 17' i lower 5 Hapcsecel Ihunder Bav Vz luwci luh h b 300 to 500 HOGS SELL at 1 p.m. also Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Dreited Bon Special Rancher CALF SALE May 8th-1 p.m. included in sale Replacement Heifer Sale EXPECTING 800 HEAD SPECIAL-ISO Charolaif cross Heifers and 20 Quarter Simmental from one owner YEARLING FEEDER AND FAT CATTLE and CALVES Thursday -1 p.n. 1 CONSIGN TO i ALBERTA SUMMER 2 BREED SPECIAL SALE May 24 1 p.m. SIMMENTAL-MAINE AN JOU consignment of quality welcome to this widely advertised quality 2 Breed Sale Listings dead- line May 1974 FARMERS. DEALERS. STOCKMEN. Consign your new ind used equipment to GIGANTIC EQUIPMENT AUCTION JUNE 8-10 a.m. A strong demand exlttt for. Construction Harvest and Haying Equipment THROUGHOUT WESTERN CANADA. Widespread advertising coverage and promotion and reasonable celling rates make this sale one of the moat effective In merchandising your equipment. LIST TONY Sales Manager Phone Coaldale 1 PBRLICH BROS. AUCTION MARKET LTD. Located In the Hub of Southern Livestock Industry 3 eatt of Lethbrldge on Highway 3 and south TU4A2 Phone Day or Night 329-3101 NEW PHONE NUMBER 329-3101 iany ucentw NO. 071' I Company NO. 071485 JOE PERLICH BOB BALOQ LIC 010293.__________ LIC. 067454___________ LIC. 010292 PICTURE BUTTE AUCTION MARKET Ideally located In the centre ol a large cattle feeding and hog raiting country RANCH CALVES Feeder and Fat Cattle May 8th at p.m. 500-Head-500 All ClMsm of Cattle Trucking Branding Vaccinating Onto Buying GovtfniMiit Vitiriniry Fndlng Pint HOG AND DAIRY CATTLE SALE EVERY Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY For Information and Contact JIM or JOE JURIS Butta Auction Alberta Auction market located 16 north ol Lethbrldge on Highway 2S Phone 732-4400 PICTURE BUTTE ;