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Lethbridge Herald, The (Newspaper) - May 11, 1974, Lethbridge, Alberta THE LETHBRIOGE HERALD May Winnipeg grain All futures prices were- higher in moderate activity the close Friday on the Winnipeg Commodity Exchange. At tin' flax was to30cents a bushel higher. Vancouver rapeseed seven to 20 higher. Thunder Bay rapesoed IB 20 and rye 7aj to iPi lugher. volume of trade was biishels of 1.739.000 of rapeseed and tilW.nOO of rye. Closing May 23 higher July 27 higher 10 Oct. 20 higher Nov. 20J i higher Dec. 30 higher H'ctl June higher Sept. 20 higher Nov. 12'. higher Sept. 20 higher Nov. 12V4 higher 7 higher G.26A. Rapeseed Thunder May 20 higher July 18 higher Oct. 20 higher Nov. 19'z higher S.2BB. May higher July 9Vi higher Oct. 9 higher Dec. higher Grain quotes Friday Flax basis High May 1024 Jlv 1016 Ocl 965 Nov 954 'M Dec 8S5 Raptseed Jun Sep Nov 630 Jan 619 Rapeseed Thunder Mav Oct Nov May 244 247 Jly 237 Oct 235 Dec Chicago markets CHICAGO Soybean and soybean oil futures advanced to limits allowed for one session on the Board of Trade Friday. Soybean meal also was advancing S3 a ton. The strength in the soybean complex tended to influence buying of corn and oats futures Oats futures also advanced the limit. 6 bul trade was considerably lighter. Prices opened on u generally uneven except for corn and oats. There were reports of overnight business in feed grains abroad and this tended to instill a buying prices tapered off in corn and oats before midsession. but when the soybean complex strenghlcned other grains then improved. 14 RECORDED PUREBRED CHAROLAIS BULLS 2 LIMOUSIN BULLS 2 3 year olds Phone 327-3219 or 327-2568 after 6 p.m. At the soybeans were 11 to 15 cents higher. May Chicago wheat 9 higher. May Gulf hard red did not corn higher. May and oats rose 6 cents. May 1.34. Grain quotations May Jul Sep 3.49. Dec 3.60. Mar 3.66. May Jul 2.61 Mi. Sep 2.52'z. Dec 2.38. Mar 2.42. May Jul Sep 1 Dec Mar 1.33. Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise noted. Allied Chemical increase of 4Vz U. S. funds. June 10. record May 10. Canada Safeway pfd.. July record June 1. Canadian Johns-Manvillc 30 June record May 17. Columbia Gas Systems 49.5 cents. U. S. funds. May 15. record April 29. Dylex 3 A 3 both payable June 6. record May 17. Four Seasons Hotels 6-per-cent pfd first series A. 15 cents. June 1. record May 15. Loblaw Companies class 9'i class 9V2 both payable July 2. record June 14. pfd.. 60 cents. June 3. record May 15. Pennzoil 25 cents. U. S. funds. June 15. record May 31. 300 to 500 HOGS SELL at 1 p.m. also Dairy Cows Baby Calves Sheep Included in this sale WILLIE CONRAD DAIRY DISPERSION 19 HOLSTEIN DAIRY COWS 14 Milking 5 in calf to Freshen and August 3 Bred Al Chianina 2 Bred to Brown Swiss Market Hogs Shipped Daily I Live Weight and Dressed Basis I Special Rancher CALF SALE and YEARLING SALE WED.. MAY 15th-1p.m. YEARLING FEEDER AND FAT CATTLE and CALVES Thursday -1 P.IL FARMERS. DEALERS. STOCKMEN. Consign your new and usad aquipmtnl lo GIGANTIC EQUIPMENT AUCTION JUNE 8-10 a.m. A ttrong demand exists Construction Harveit and Haying Equipment THROUGHOUT WESTERN CANADA. Widespread advertitlng coverage and promotion and reasonable telling make thii sale one ol the most effective In merchandising your equipment. LIST TONY Sales Manager Phone Coaldale CONSIGN TO ALBERTA SUMMER 2 BREED SPECIAL SALE MOM.. JUNE 24th 1 p.m. SIMMENTAL-MAINE ANJOU consignment of quality cattle are welcome to thla widely adveftteed quality 2 Breed Sato. dead- line May 10th. 1974. PERLICH BROS. AUCTION MARKET LTD. Located in ihe Hub of Southern Alberta's Livestock Industry 3 test ol on Highway 3 and 'A south BOX LETHBRIDQE T1J 4A2 Phone Day or Night 329-3101 NEW PHONE NUMBER 329-3101 Company No. 07146S JOE PERLICH VOS 6ALOO TOKYMRLICH b LIC. OlOm LIC. UC. 0104M Conflict in Ocean Falls Conflict is endangering the pulp mill town of Ocean Falls B.C. 315 miles north of Vancouver. The town of people is reported to have lost since the NDP government of B.C. took over the mill operations in the company town from Crown Zellerbach March 1973. Workers are disillusioned with working and living conditions and if the giant newsprint machines were to stop the town would come to an end. Ottawa OTTAWA Prices for top- grade steers dropped 50 cents to in Toronto this week with heavy supplies and moderate demand. A-l and A-2 heifer prices held steady. Trading for steers and heifers was active in most western centres except in Alberta where closing prices for top- grade steers declined to A-l and A-2 heifer prices were steady to lower. In demand for D-l and D-2 cow was low and prices dropped in early trading and another at the end of the week. In western centres. D-l and D-2 cow prices declined 50 cents to Vealer calf prices remained steady in all centres under active trading. STEADY PRICES In prices also held steady for all classes of feeder cattle. In western demand for feeders generally was good and prices remained steady in most centres. Bul in the price for heifer calves 401 to 550 pounds dropped In the price for steer calves 401 to 575 increased 50 cents at mid-week. New crop lamb prices dropped to 19 in Toronto under moderate demand. Good lamb prices in all other centres remained steady Index 100 hog prices initially declined 45 cents in Toronto but rose 20 cents at the close of trading. In western hog prices were steady to lower throughout the resulting in net losses of STOCKYARD QUOTATIONS Slaughter steers A-l and Calgary Edmonton Saskatoon Winnipeg Toronto 46.50-47.50. Heifers. A-l and Calgary 43- Saskatoon Winnipeg 41.50- Toronto 44-46. D-l and D-2 Calgary Edmonton Saskatoon Livestock Winnipeg Toronto 33-34. Slaughter good and choice Saskatoon Winnipeg Toronto Montreal 58-65. Feeder steers over 750 Calgary Edmonton Saskatoon Winnipeg 44-48. Feeder steer calves 401-575 Calgary Edmonton 49-55. Saskatoon Winnipeg Toronto 54-59. Good Calgary 39-40.50. Index 100 hogs dressed- Calgary Edmonton Saskatoon Winnipeg Toronto Montreal 39.90- 40.83. Perlich There were 2.150 head ol livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 1.690 cattle and 460 hogs. Cattle market 2 to 3 dollars lower on most classes. Plain quality cattle met the most buyer resistance. Price quotation as follows' SLAUGHTER CATTLE Al and A2 45.25 to 46.90. Dl and D2 cows 29.00 to 34.50. D4 cows 20.00 to 28.00. Bologna bulls 32 00 to 34.00. REPLACEMENT CATTLE Steer calves 250-400 Ibs. 45.00 to 50 00. Steer calves 400-500 Ibs 47.00 to 53.00. Steer calves over 500 Ibs. 46.00 to 51.50. Plain quality steer all weights 40.00 to 45.00. Feeder steers over 800 Ibs. 45.00 lo 47.00. Holstein steers 33.35 lo 38.00. Heifer Calves 250- 400 Ibs. 36.00 to 42.00 Heifer calves 400- 500 Ibs. 38.00 to 43.00. Heifer calves over 500 Ibs. 38.00 to 43.00. Replacement quality heilers. 500-700 Ibs. 43.00 to 49.00. Plain quality heifer calves 30.00 to 37.00. Feeder heifers 37.00 to 43.00. Feeder cows 25.00 to 31.00. Medium qualitv cow calf pairs 300.00 to 350.00. HOGS DAIRY CATTLE Hog market was sharply lower this REGULAR CATTLE SALE EVERY MONDAY 1H.M. HOG SALES every WEDNESDAY We will be assembling Market Hogs lor the Marketing Board and sell Weaner and Feeder at p.m. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Don't be content to accept one offer at consign your live-1 stock to where you are guaranteed to have the Auction Ring of Buyers to bid on your product. full 6th ANNUAL SPRING HORSE SALE May 11 at p.m. Invited PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIGHT Menage JOHNNY CHARLTON OARY JEN8EN week. Weaners showing the largest loss. Market hogs dressed weight 35.30 to .16.30. Good weaners 10.00 to 14.00. Feeders under 100 Ibs. 18.00 to 27.50. Feeders over 100 Ibs. 32.00 to 41.00. Bred sows and gilts 56.00 to 85.00. Baby calves 75.00 to 90.00. Lethbrldge Summary of sales. Monday to Friday in 90 517 2.126 141 lambs. SUMMARY Butcher cattle prices lower. Replacement cattle lower. Trade moderately active. Slaughter steers meeting fair prices weak to 50c lower. Slaughter heifers 50c or more lower. All classes of cows under pressure. Dl and D2 cows lower. D4 lower. Bulls lower. Medium and good stockerand feeder cattle meeting only prices 52-53 lower. SLAUGHTER CATTLE Al and A2 46.50-49.80. Al and A2 4050-4580. and D2 32.50-34.25. D3 Bulls 34-35. REPLACEMENT CATTLE Good feeder steers 500-700 Ibs. 38- 44.50. Good feeder heifers over 550 Ibs. Good stock steer calves 43-46.50 Feeder cows 25-32 Cow and calf-al-sidc 270-380 per pair. LAMBS Butcher hogs sold this week at the Lethbridge yards 35.10-36.35 base price. There were 179 butcher hogs sold for export. Weaners and feeder hogs sold lower. Weaners 10-15. Light feeders under 100 Ibs. 1775-20.25. Heavy feeders over 100 Ibs. 28-37 all prices per head. Bred sows and gilts 56-77.50 per head Good lambs 39-40.50. Hog prices EDMONTON Average closing prices Friday provided by the Alberta Hog Producers Marketing Board. Thursday average in 36.28 36.35 Red 36.29 Grande 35.40 Nil 35.10 Fort Nil Total hogs sold average 36.17. Total sows none. prices EDMONTON Weekly egg and poultry report issued by the federal agriculture To A large A medium A small B C cracks 32. To A large A medium A small 66-70. cents extra in To consumers A large A medium A small 75-79. To live No. 1 chicken broilers. 6 and over. 5 and under 6. Fowl under turkey under 12. 12 to 18. over 18. 41. Live No. 2 chicken 6 and over. 5 and under 6. 12. 12 to 18. over 39. futures WINNIPEG Live beef futures close Friday. Nov 50.00. Thursday's No contracts. Qold futures WINNIPEG Gold U.S. Winnipeg Commodity Exchange close Friday. Jly 74 Jan 75 Apr 75 Jly 75 191 .OOB. Thursday's 189 contracts. Stock rally fails to cover budget By SANDRA INGALSBE The Canadian Press A rally on Canadian stock markets late this week failed to recover the sharp losses that followed Monday's federal budget. Trading remained light. Both Toronto and Montreal markets Tuesday touched lows since 1972 as a result of budget proposals to increase taxes on a wide range of corporations. Particularly hard hit were shares of petroleum and mining companies which had been falling recently due to announced in several provincial budgets. Major indicators rose sharply Thursday following defeat of the Liberal government and reports that most budget measures would have to be suspended. On the the Toronto base metal index was off 2.71 to 88.37 and the western oil index 12.97 to 209.78. Toronto's industrial widely- based indicator of market closed ut 196.45. down 3.04. and the Montreal composite index at 201.92. down 5.67. Analysts say that while markets rallied on defeat of tne weakness will likely continue until political uncertainly is clarified by the July election. They recommend a cautious investment particularly toward oil stocks. Other unsettling influences are inflation and rising interest rates. Several Canadian chartered banks increased their prime lending rates this week to 11 per cent from In the United some major banks increased their rates to an unprecedented. ll'j per cent. MARKETS LOWER Markets on both sides of the border have been heading downward since interest rate increases began in March. The spreading increases in the U.S. Friday caused weakness in the New York moderating some strong midweek gains. The Dow Jones av- erage of 30 industrial ended the week at 850.43. up 4.53. The Toronto gold index had wide swings this losing almost 57 points during the first lliree days. It rose about 39 points Thursday in response to a sharp rise in bullion price following a report that the U.S. treasury secretary may favor allowing U.S. citizens to buy gold. The gold index closed at 470.44. down 20.25. was light at Toronto this week with 8.52 million shares changing hands for a value of compared with 8.73 million and million last week. At Montreal. 3.83 million shares were traded for a value of million. Volume last week was 3.92 million and value million. The Herald Business Earnings Bonds BOND PRICES Supplied by MIDLAND DOHERTY LIMITED GOVERNMENT OF CANADA BONDS Oct. 95.60 95.70 Jul. 97.00 98.00 Sept 73.00 73.25 Sept 70.50 72.50 Sept 15 Perp 33.00 35.00 Apr. 97.95 Jul. 98.05 PROV. i PROVINCIAL GUARANTEED Alta BWo '30 94.00 95.00 Ont '88 81.00 82.00 Ont H '94 95.00 96.00 NB '90 9S.OO 100.00 Nfld 74 99.50 NS '92 73.00 71.00 due 74 98.50 Alta '90 95.00 96.00 Man H '91 85.00 86.00 Sask '90 94.50 95.50 Nfld '90 98.00 99.00 ACT '74 99.00 MGT '74 99.00 Alta Gas '90 92.50 Alcan '91 96.00 BC For 9 '92 96.50 BC Tel '90 98.00 Bell Tel 79 98.00 Bell Tel '93 95.00 CP Ltd '89 98.00 CP Secur 9Wo '90 93.00 CU Intl 9Wo '91 95.00 97.00 CWNG '90 97.00 Gulf ''90 98.50 Inter Pipe '90 96.00 97.00 Massey '80 96.00 Noranda '90 93.00 95.00 Intl Nick '90 93.00 95.00 N C Gas '91 98.00 100.00 Steel Cda '90 93.00 95.00 Tr-Cda '90 96.00 98.00 Tr-Cda Pipe '90 98.00100.00 West Tr '93 83.00 Acklands '88 90.00 95.00 Alta Gas '90 113.00 119.00 Con Gas '89 75.00 80.00 Scurry '88 83.00 85.00 West C '88 70.00 73.00 West Tr '91 95.00 97.00 Dollar value MONTREAL U.S. dollar in terms of Canadian funds closed Friday unchanged at 6-25. Pound sterling was up 7-50 at J2.H4. In New the Canadian dollar was up 1-100 at SI.03 91-100. Pound sterling was up 3-20 at 3-20. By THE CANADIAN PRESS British Columbia Telephone three months ended March 1974. million. a million. CAE Industries year ended March 1974. S2.825.000. a 1973. S2.237.000. CFCN Communications three months ended March 14.3 cents a 1973. 11.7 cents. Richard Costain three months ended March 1974. 34 cents a 1 cent Headway Corp. six months ended Feb. 1974. cents a 1973. 8.8 cents. Hollinger Mines three months ended March 1974. million loss. 21 a 1973. million profit. 31 cents. Interprovincial Pipe Line three months ended March 1974. 39 cents a 1973. 512.545.000. 49 cents. Kerr Addison Mines three months ended March 1974. 40.3 cents a 1973. 18 2 cents. Labrador Mining and Exploration Co. three months ended March 1974. 10 cents a 1973. million. 44 cents. Mclntyre Porcupine Mines three months ended March 53 cents a 1973. 86 cents. Madscn Red Lake Gold Mines three months ended March 1974. 5 cents a 1973. 1 cent. iNcmn Industries Ltd.. three months ended March 1974. 20 cents a 1973. 6 cents. Palo Consolidated Gold Dredging year ended Dec. 31. 1973. a 1972. 46 cents. H. Paulin and Co. three months ended March 1974. 24.4 cents a 1973. 17.5 cents. Petrofina Canada Ihree months ended March 73 ccnLs a 1973. 54 cents. Alpa Industries nine months ended March 1974. a 82 cents. Barber three months ended March 1974. 43 cents a 25 cents. Canada Cement Lafarge Ltd.. three months ended March 1974. loss. 4 cents a 1973. 5 cents. Canadian General Securities Ltd.. three months ended March 1974. 33 cents a 1973. 74 cents Fidelity Trusl three months ended March 31. 1974. 9.4 cents a 1973. H cents. J. Harris and Sons Ltd.. three months ended March 1974. Sl.060.000. a 1973. S60.000 loss. 6.7 cents. Kenting year ended Dec. 50'cents a 1972. SI 209.000 loss. three months ended March 1974. 45 cents a 46 cents. Kilembe Copper Cobalt year ended Dec. 1973. 36 cents a 1972. loss. 9 cents. Lemtcx Developments Ltd.. year ended Dec. 1973. 9.3 cents a 1972. no comparable figure available. Madeleine Mines three months ended March 1974. 24.9 cents a 1973. S433.000. 9.2 cents. Maple Leaf Gardens six months ended Feb. 28' 1974. 71 cents a Alberta grain KDMONTON The Alberta Gram Commission in its weekly report Friday said the fact that road bans are curtailing feed grain movement in many areas is not noticeably being reflected in quotations. Bids from Lelhbridge and district are wheat oats S1.60-S1.80. and barley The Medicine Hat Brooks reporter advises wheat oats and barley In and around Calgary prices are as wheat oats and barley Buyers around Hed Deer bidding wheat oats S1.40-S1.50. and barley Practically no change reported from Vermilion with wheat 40-S3.50. oats and barley Reports from Kdmonton show oats and barlcv up slightly with wheat oats S1.35-.S1.50. and barley Prices from Peace River strengthened on wheat as follows wheat S3.40-S4.50. oats and barley Feed corn per bushel Calgary. Gold prices LONDON Friday's closing gold prices in U.S. dollars an ounce. London 167.2S Paris 178.86 Frankfurt 167.09 Zurich 168.50 Hong Kong 162.37 Beirut. 5.353 a kilo. PICTURE BUTTE AUCTION MARKET Ideally located in the centre ol a large cattle feeding and hog raising country RANCH CALVES Feeder and Fat Cattle May 15th at p.m. 500-Head-500 All Classes of Cattle Trucking Branding Vaccinating Order Buying Government Veterinary Feeding Pens 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 Picture Butte Auction Alberta Auction market located 16 miles north of Lethbridge on Highway 45 Phone 732-4400 PICTURE BUTTE For complete livestock sales and service call Monday p.m. Feeder Hog and Biby Calves i.ra. FAT and FEEDER CATTLE Regular Sale 10 i.m. FAT and FEEDER CATTLE SALES Friday. 1 p.m. Special Stock Call and Feeder SLAUGHTER HOGS ASSEMBLED AND SOLD MONDAY THRU FRIDAY. WE BUY AND SELL FAT AND FEEDER LAMBS DAILY. WE CARRY HARTFORD INSURANCE ON ALL LIVESTOCK. Exporters of slaughter hogs excellent facilities for feeding and loading hogs. ED FRENCH 328-2986 KEN MILLER. Miiratll.....758-6607 LOUDEJAGER 345-4489 WHIT HENIN8ER 328-7354 CONSIGN ALL YOUR LIVESTOCK C.E. FRENCH LIVESTOCK the Heart ol Canada's Ranching Phone 327-0101 327-3MB Alberta P.O. Bex S.S. Alberta ;