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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 16, 1970, Lethbridge, Alberta May 1970 THE ISIHBRIDGE HERAID 21 Ottawa Weekly Livestock Report Investors Worry OTTAWA CP Cattle of ferings at Canadas 10 public stockyards from Monday to Thursday this week at head were about 500 fewer than last week and the correspond ing week a year Exports cattle to the last week were higher at 519 and consist ed mostly of slaughter cattle over 700 the federal ag riculture departments weekly livestock report An improved wholesale beef trade resulted in scattered price advances in all classes of slaughter Steers and heif ers were steady to 50 cents high Cows recovered most of last weeks losses with gains of 50 cents to Feeder cattle met a good de mand at prices mainly steady to Veal calves were in demand at steady to stronger Hog prices fluctuated up and down throughout the and the limited supplies of good Jambs were mainly Choice steers Montreal to Toronto to 34 Winnipeg to 33 Saskatoon 3075 to Edmonton 31 to Calgary 31 to Good heifers Montreal to Toronto 30 to 31 Win nipeg to 30 Saskatoon 27 to Edmonton 28 to 29 Cat gary to Good cows Montreal 23 to 25 50 Toronto 23 to Win nipeg 23 to Saskatooi to Edmonton 22 to 23 Calgary to Good feeder steers Toronto 33 to 36 Winnipeg S3 Saskatoon 30 to 35 Edmonton 29 to 36 Calgary 30 to Net Earnings By THE CANADIAN PRESS Consumers Gas sis months ended March 31 1970 82 cents a share 77 Double Manufacturing Indus tries three months ende March 31 1 cent share New Imperial Mines Ltd three months ended March 31 6 cents a share Major Holdings and Develo ment year ended 31 Reid Lithographing three months ended March 31 197 39cents a share 196 36 Selkirk Holdings yea ended 31 Good and choice veal calves ontreal to 46 Toronto 37 47 Winnipeg 45 to 50 Saska oon 38 to Edmonton 45 to Good lambs Toronto 30 to 38 45 to 50 Saska toon Edmonton Basic hogs Montreal 32 to 33 oronto to Winnipeg to Saskatoon to Edmonton to algary to Lethbridge Livestock Sales Monday to 441 attle 25 calves hogs 70 Butcher cattle prices steady o 50 cents higher in He lacement cattle steady to Cattle market Good and choice butcher teers met very good prices fully Med i u m rades about Good and hoice butcher heifer scarce and selling Medium anc cows selling around 50 with odd heifery kinds opping Bulls Medium and good stacker and eeder steers meeting reason ably good demand prices gen erally Light stock steer and heifer calves more high SLAUGHTERS to good 30 to medium 28 to choice 29 to good 28 to medium o good 22 to medium to earners and cut ters 17 to good to REPLACEMENTS Good heavy feeder steers 3 to medium to Good light stock 32 t Good feeder 30 to Good stock steer calves 250 to 350 36 to Good stock heifer calves 250 to 350 to LAMBS Butcher hogs sold this week Lethbridge 29 to base Weaner and feeder hogs sold about Wean ers 16 to Light feeders under 100 to Heavy feeders over 100 29 to all prices per Light feeders under 100 33 to 40 per Heavy feeders over 100 22 to 28 per There were 215 hogs sold for price converted to Good lambs to By AUT JOHNSON Canadian Tress Staff Writer The bear market on Canadian stock exchanges this week may have been forced into hiberna least a sharp technical But how long the hibernation mil last is a matter of specula ion among Most analysts agree that a harp advance which began Fn ay is temporary because the ame factors which caused the lunge still Some observers said Fridays advance was merely a long overdue adjustment of eroded The more optimistic pre dict an uptrend lasting perhaps They said the rally came when a substantial number of investors felt markets had bot tomed out and would not move down The pessimists point out that disappointing quarterly corpo rate the federal gov ernments tightmoney policies and political tensions in the Middle Vietnam and Cam bodia still bear down on inves RALLY LEVELS OFF The rally levelled off Friday after about two hours of trading when a number of issues began to be traded at a gain of about one Livestock PIAN TO ATTEND THESE SALES MAY AT THE AUCTION MART REGULAR CATTLE SALE 750 HEAD 750 ALL CLASSES OF CATTLE HIGHLIGHTED BY Vern 40 Heod Cows With Cilvoi At Taber Livestock TABER Trade once again was fairly active at the Prairie Livestock sale with most classes holding steady with last weeks Feeder cows were down about Butcher cows down Stock cows Yearling feeder steers and heif ers Steer and heifer calves Weaner hogs up Feeder hogs up 52 to Feeder cows to good butcher cows to fair to medium butcher cows to stock cows to Good yearling feeder steers to fair to medium to good yearling feeder heifers over 550 to fair to medium to Good steer calves to 42 fair to medium to good heifer calves to fair to medium to baby calves to Weaner hogs 17 to 23 bred cows 72 to feeder hogs 26 to No sale May Perlieh Livestock There were 968 head of liye tock sold this week at Perlieh Auction Market Receipts included 514 cattle and 454 The cattle market was gener ally steady on all classes butch er cows sold stronger price uotations were as follows SLAUGHTERS none on offer good 30 to Good to good cows to some sales higher on little heifers medium 21 to 22 canners and cutters 17 to depending on REPLACEMENTS Heavy feeder steers 800 to 1 000 30 to steers 600 to 800 mostly 32 to 34 hol steih and plainer feeder steers 29 to Feeder heifers 650 to 800 29 to 30 heifers 500 to 650 29 to depending on Medium quality stock cows with calves at side 285 to bred heifers 235 to 285 young feeder cows 21 to older cows 18 to Stock steer calves only a few on offer and these sold 34 to Heifer calves 32 to DAIRY CATTLE Th3 hog market was steadj to lower this All classes of weaners selling Wean ers to 19 big 20 to 22 light feeders to feeders 100 to 125 2 to 35 heavier feeders 36 to bred sows and gilts to 61 to Good dairy 300 to Baby calves 60 to 95 depend ing on BAR 15 SIMMENTAL 12 BLOOD BULL SALb MAY 20th 1 AT THE AUCTION MARKET 70 HEAD 70 FEATURING 57SIMMENTAL Blood Yearling Bulls 6SIMMENTAL ft Blood Ysorling Heifort 2HEREFORD COWS with H Blood 2SIMMENTAL Bull Calves at foot 2BROWN SWISS Yearling Bulli 1 Purebred 1CHAR9LAI5 Yearling Bull Purebred M ulk ar Ptrforrnano tnttt for catllofuH contact WES M Test Box or the Auction Market SPRING HORSE SALE JUNE 3rd 1 AT THE AUCTION MARKET IAST CHANCE SPRING BULL SALE JUNE 19th 1 Alt SALES CONDUCTED FORT MACLEOD AUCTION DIVIDENDS By THE CANADIAN PRESS Amerada Hess 7 June record June Aluminium of Canada 4 per cent 25 record 7 2 per cent 56 rec ord Columbia Cellulose 30 June rec ord June Canadian Utilities 42Vz May record May Calgary Power 20 cents 5 per cent per cent all July rec ord June Bow Valley Industries May record May Cominco 70 June record May General Development per cent stock June record May Thomson Newspapers Ltd 7 June record May Union Gas per cent series A 69 cents f per cent series B 75 cents both June record June Goodyear Tire and Runner 4 per cent 50 cents July record July Laurentide Financial Corp 6V4 per cent 31V July record July Observers said some investors jere anxious to make a slight ain and get out of the the rally built up momentum and markets closed with a sharp Throughout the mar kets showed a great resistance o good Trading was light as many nvestors waited on the side The only reaction to a state ment Tuesday by United States Defence Secretary Melvin Laird hat ground troops would not be assigned to combat mis sions in Vietnam after 971 was a slight easing in the downward But markets soon fell back nto sharp The Bank of Canada made a move Monday which had the po tential to start a It cut its lending to 7 per cent from eight per but countered with two other moves which reduced the amount of money in INFLATION FOUGHT The federal government also declaration to per sist in a campaign against infla A reduction in margin re quirements last week by all Ca nadian exchanges to 50 per cent from 60 per cent failed to bring markets The May investment review published by Thomson and Toronto offered one explanation for mar kets resistance times of vestors tend to respond only bad news and to ignore good The review said it is quite ossible that the investor pessi ism has reached its peak and at the market is consequent airly close to the the caution was dded that a resumption to a rong market was not foreseen the immediate A Toronto technical analys ttributed the rally Friday to i range in attitude in buyers anc ellers of While throughout most of th eek persons wanting to buy tocks put in a bid below mar et price and wasted for share o drop in the revers ondition prevailed h Investors then decided to pu sell order on stares abov urrent market price and wa until it was on index at th oronto Stock ustrials were down gelds to has metals to and western ils to Volume was shares ompared with last Losses outnumbered gains 688 to 113 with 195 issues On the Montreal and Cana dian exchanges the composite index was off to Combined volume was shares compared with ast Losses outnumbered gains 359 to 62 with 104 issues Bond Prices Supplied by Uoherty Iloadhousc and McCuaig GOVHNMINT OP CANADA BONDI Bid Asked 6 1 71 1 72 54 1 75 8 Jly 1 78 4V4 t 83 3 15 ASSISTANT MANAGER WHOLESALE PRODUCE HOUSE Edmonton produce distributor handling full line of Fresh vegetables and also dairy and frozen foodj requires assistant manager experienced in all facets including handling office and sales Experience in retail supermar kets would be an added in by stating mari tal full details of past employment and ex perience and salary required to PERSONNEL BOX 2266 EDMONTON AUCTIONEERS KENNETH HURLBURT DAVID MeNAB The University of Alberta Department of Extension APPOINTMENT IN PUBLIC ADMINISTRATION An undergraduate degree in political science or business administration with a degree in politico science or public Candidates should hove some public experience in local or provincial government Responsibilities will include the instruction of provincial and federal government officers through courses and seminars in local government practice and The appointee will assist in the organization and development of new programs in this field and will be expected to undertake related APPOINTMENT IN REAL ESTATE Educational qualifications include o graduate degree in economics or business Candidates should have some experience in reol estate or related Responsibilities will include the adminislrotipn of a vorioty of programs of continuing education in this related and some Appointment will be to the academic staff of the University as Assistant Professor salary range annual increment or Associate Professor salary range annual increment Curriculum wilh references andphoto graph should be forwarded to the Director of The University of GOVERNMENT OF CANADA eUARAMTEED BONDS May 15 n 1 85 PROVINCIAL nt 7 88 nt 9 94 uebec aberta 90 8 74 614 92 74 90 Ian Hy 9 90 118 90 GT 8 74 Ian Tel 3 74 87 81 73 87 77 77 83 80 83 Ibitibi W Gas VA Vk Bank 7 Bell Tel 8 Oil 5 Cdn Brew 5 Ohm 7 5 dn WN 83 Cons Gas 5V4 82 Domtar 87 Eaton 714 86 7 86 Husky Oil 7 87 Imp Oil 88 7Vz 86 84 Loblaw 81 MacMil B Norcent 6V2 88 Nowesl U 88 Shell Oil 77 Tor Dora 6 87 Tor Dbra 7 87 Can 87 Traders F 87 Union Gas 81 West A 88 Weston 87 77 Bonnie Refit Cost Stated OTTAWA CP Defence inisler Leo Cadieux said Fn ay his figure on the cost of Ihe No Assistance or Wawauesa WINNIPEG CP Maui ba Municipal Affairs Minis r Howard Pawley said here e province will not provide reel compensation to the vil ge of Wawanosa if it is af cled by implementation of a reposed government automo le insurance In a brief to the elegation said unless compen ation is provided for losses uttered through implementa on of a governmentrun plan re village would likely have o declare Wawauesa Mutual Insurance with its headquarters in le is practically the nly source of employment 1JCO refit of the aircraft carrier Bonavcnture is not he used by Steve Paproski PCEdmonton Centre in asking whether the govcrnmlnt is reconsidering a decision to scrap the The figure emerged in a report this week by the Commons public ac counts committee on the cele brated Cadieux also told the Commons the carrier is being not and the decision has to Paproski said the govern ment should keep the carrier in service so taxpayers could get some of their money back from the SALESMAN OF THE MONTH Spencer Quits joodyear Job TORONTO CP Leland Spencer has resigned as chair man of Ihe chief execu ive officer and a director of Goodyear Tire and Rubber of Canada the board an nounced The duties of chief executive officer have been assumed by Gordon president and general He is a native of with Goodyear 44 resigned as the first step toward optional retirement at age FINISH IN JUNE OTTAWA CP Acting Prime Minster Mitchell Sharp told the Commons Wednesday that the royal commission on the status of women expects to finish its work by the end of He was replying to War ren Allmand L o n t r e a 1 Pot BROWN HAY AGENCIES It was announced recently that D Pat Brown won the Salesman of the Month award by the Lethbridge Roal Estate Board for the highest volume for Ihe month of Brown has a consistent record of high volume of sales with HAY College CONVERTI81IS Cons Gas 5Vi 89 82 Dyn Ex 7 82 Scurry 7A 88 Tr Cn 89 West C 89 INSURE FLEET COALDALE HNS Town council recently accepted the bid of Herbs Insurance for the renewal of the towns fleet in Smith Customs Broker EDMONTON 429796 0 26380501 I 3288141 COVTTS Phone 3443822 ASKMf Ill bring you ideas for Family Sun Lifes Family Security provides coverage you need at low cost GORDON HOPKINS 515 7lh 3273452 3571994 SUN LIFE OF CANADA PRAIRIE LIVESTOCK EVERY MONDAY AT NO SALE MAY 18th NEXT SALE MAY 21st AT 1 Let Us Take the Worry Out of Your Livestock Sales our contacts with professional order plus your early means top prices for you PRAIRIE LIVESTOCK FORMERLY HANDIEYJINSEN LIVESTOCK PHONE TABER DAY OR NIGHT Solei Manajer JOHNNY CHARITON OARY JENSEN 93 TH STOCKMANS MARKET Join the many farmers and ranchers who market their cattle in our modern X EVERY TUESDAY V WEANER AND FEEDER HOGS BROOD SOWSBOARS I BABY CALVESDAIRY REGULAR CATTLE SALES EVERY Stocker Feeder and Fat Cattle SPECIAL Swine Production Sale May 20th 1 60 Bred Gills 300 to 400 Bred to York Boon starting end of 500 Crossbred Weimers and Hampshire Duroe York lacombe 5 Hampshire Boars 2 Duroe Boarl 5 Hampshire Gilts 3 Duroc Gills ANNUAL SPRING HORSE SALE TWO BIG DAYS All BREEDS HORSES SELL FRIDAY MAY 22nd AT Entries for Hones 0nlV May 15 GRADE HORSES SELL MAY 22nd AT 1 MAY 23rd AT 10 Grade Horses Accepted Till Sale Time SALE CONDUCTED AT Lelhbridge Exhibition Pavilion STAR HAVEN FARM WRENTHAM SWINE PRODUCTION SALE June 3rd 1 625 HEAD Including 25 BRED SOWS and lacombe and York due to farrow shortly after sale Bred to York or Hampshire 600 WEANER and FEEDER HOGS TOP QUALITY including 10 open replacement gilt LISTINGS INVITED FOR OUR ANNUAL GIGANTIC EQUIPMENT AUCTION June 13th at 9 This is a specially arranged and advertised unreserveit consignment Turn your equipment into INSTANT Perlieh Auction Market located in Ihe hub of Southern Albertas livestock in dustry 3 east of lethbridge on Highway 3 and a mile PHONE DAY OR NIGHT 328395 BOX IETHBRIDGE ;