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Lethbridge Herald, The (Newspaper) - May 18, 1974, Lethbridge, Alberta 24 LETHBRIDGE HERALD Mty 1974 Dividends By THE CANADIAN 1'HESS Dividends are quarterly unless otherwise noted. Acklands 8 series 24 both payable May 31. record May 17. Ashland Oil 35 cents. U. S. funds. Sept. 15. record Aug. 12. Canada Permanent Mortgage 25 cents. July 2. record June 7. Canadian General an increase of 5 first following stock June H. record May 31. Carling O'Keefe pfd. series 55 S2.B5 pfd- series B. 66''j both payable July 1. record May 31. Grafion-Fraser Ltd.. 6-percent pl'd.. 30 cants. June 14. record May 31. Grafton Group 12 June 14. record May 31. Harlequin Enterprises Ltd.. 20 semi-annually. an increase of 5 cents. Julv 2. record June 7. St. Joe Minerals 50 cents. U S. an increase of 10 June 21. record May 30. Skelly Oil 30'cents. U. S. an increase of 5 cents. June 18. record May 28. Skylines Hotels cents semi- annually. Aug. record June 30. Petroleum North America pfd. scries cents. U. S. June 17. record May 29. Third Canadian General Investment Trust 1st pfd.. 62'-z July 15. record June 28. Qold futures WINNIPEG Gold U.S. funds. Winnipeg Commodity Exchange close Friday. Jly 74 Oct 74 Jan 75 179.40B. Apr 75 Jly 75 189.80B. Thursday's 151 contracts. EXOTIC North America's First MARCHIGIANA HEIFERS BY AUCTION PROVOST LIVESTOCK EXCHANGE ALBERTA JUNE 8 Sale Time 1 p.m. 20 Marchigiana half Blood Yearling Heifers The Italian Cattlemen's Choice are Here 25 Simmental half Blood Yearling Heifers 25 Maine-Anjou half Blood Yearling Heifers 30 Two Year Old Hereford Heifers Safe in Call to a Proven Marchigiana Sire 30 Two Year Old Hereford Heifers Safe in Call to a good top Romagnola Sire. A Breed that rales as one of the 'ops with the Italian Cattlemen. Information tor Hotel PROVOST LIVESTOCK EXCHANGE ALBERTA PHONE 753-2369 Pleasant protection Loom Creeler Jirn Fisher at Uniroyal Ltd. textile plant in wears protective ear-gear to minimize machine noise. Recently the company introduced a new innovation headsets with built-in radio receivers that tume in to a station of the employee's choice. Fisher is carrying spools of tire cord yarn that will be used at Uniroyal's tire plant in Ont. 300 to 500 HOGS SELL at 1 p.m. also Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Dressed Basis Special Rancher CALF SALE and YEARLING SALE May 22nd -1p.m. YEARLING FEEDER AND FAT f CATTLE and CALVES Thursday -1 SPECIAL 15 2 year old Charolais Bulls 40 Cow-Calf Pairs FARMERS. DEALERS. Consign your new and used equipment to GIGANTIC EQUIPMENT AUCTION JUNE a.m. A strong demand exists Construction Feedlot. Harvest and Haying Equipment THROUGHOUT WESTERN CANADA. Widespread advertising coverage and promotion and reasonable selling rates make this sale one of the most effective In merchandising your equipment. LIST TONY Sales Manager Phone Coaldale CONSIGN TO ALBERTA SUMMER 2 BREED SPECIAL SALE MON.. JUNE 24th -1 p.m. SIMMENTAL ANJOU consignment of quality cattle are welcome to this widely advertised quality 2 Breed Sale. Listings dead- line May 1974. PERLICH BROS. AUCTION MARKET LTD. Located In Hub el Southern Alberta's Livestock Industry 3 east of LettibrMge on Highway 3 mile TU4A2 or Night 329-3101 329-3101 CompanyTicttw No. 071465 JOE PERLICH LIC. 01029S LIC. UC. 010212 Ottawa OTTAWA About slaughter cattle and calves were for sale at the nine public stockyards this down 3.600 head from last week. Demand for top-grade slaughter Livestock steers and heifers was good at the start of trading in Toronto where the price for A-l and A-2 steers rose 50 cents to SI. But the price dropped 50 cents at the close of trading. In western centres steer prices advanced 25 to 50 cents at closing- MAY 29 -1974 Alberta Park Sale Headquarters Calgary Inn 22 Purebred Bulls 16 Exportable 15 Purebred Heifers 14 Exportable Auctioneers Curt Rodgers Dave McNab MJA SALES MANAGEMENT ITD. Alberta Top grade heifer prices were steady all week in most centres except Calgary where closing losses of 50 cents were reported. In D-l and p-2 cow prices dropped to in early trading but rose 50 cents at mid-week. Winnipeg also reported initial declines of to with prices rising in mid-week trading. D-l and D-2 cow prices also dropped SI to in Alberta centres while rising 50 cents to in Saskatoon under strong trading. VEAL PRICES STEADY Vealer calf prices remained steady in all centres. In Toronto a moderate demand for feeder cattle and calves resulted in losses of S2 to for heifers more than 550 pounds. for steer calves 401 to 575 pounds and to for heifer calves 401 to 550 pounds. Prices for steers more than 750 pounds held steady in most centres except in Saskatoon which reported mid-week losses of In Toronto good lamb prices dropped in early trading while new-crop lamb prices rose J5 to Good lamb prices advanced in Edmonton under active mid-week trading. Index 100 hog prices were steady in Toronto and steady to 60 cents lower in most westsi n centres. Edmonton reported closing price increases of 50 cents. STOCKYARD QUOTATIONS Slaughter steers A-l and Calgary Edmonton 45.50- Saskatoon 44.50-46.90. Winnipeg Toronto 46 50-47.50. Heifers. A-l and Calgary 42.50- 43.50. Edmonton Saskatoon Winnipeg Toronto 44-46. D-l and D-2 Calgary Edmonton Winnipeg Toronto 31-32. Slaughter good and choice Saskatoon Winnipeg Toronto Montreal 60-66.50. Feeder steers more than 750 Calgary Edmonton 43- Saskatoon Winnipeg Toronto 45-49. Feeder steer calves 401-575 Calgary Edmonton .Saskatoon Winnipeg Toronto 50-56. Good Edmonton 46. Index 100 hogs Calgary 36- Edmonton Saskatoon Winnipeg Toronto Montreal 39.83-39.86. Political uncertainty encourages stock dive By WENDY ROSEN The Caaaelas Prett Higher interest rales and political uncertainties were major factors as Canadian stock markets nosedived during a week of moderate trading. A depressed New York market was also blamed. The Dow Jones average Friday was at its lowest level since mid-February. The Toronto market continued its severe downtrend. The hardest hit were oil shares but industrials and base metals also suffered. Oil shares have declined sharply since May 1 amid investor concern over federal and provincial plans to tax oil company profits and increasing ex- port taxes on Canadian crude. The western oil index closed the week at a low since Nov. down 29.27 to 180.51. Observers say institutional in- vestors in the United Stales are selling Canadian resource stocks in anticipation of higher taxes after the election. The U.S. prime lending rate continued to climb and the U.S. government confirmed the economy declined further and inflation climbed taster than earlier predicted. The Dow Jones average of 30 industrials closed the week at 818.84 down 31.64. a low since Feb. 14. The Toronto gold index suffered losses during the first three days of the week before gaining during the last two for a net increase of 3.18 to 473.62. prleas EDMONTON Weekly egg and poultry report issued by the federal agriculture To A large A medium A small B cracks 32. To A large A medium A small 67-70. To consumers A large A medium A small 75-79. To Live No. 1 chicken broilers. B and 5 and under 6. 34. Fowl under turkey under 12 to over 18. 41. Live No. 2 chicken 5 and 5 and under 6. 31. Turkey under 12. 12 to 18. over 39. Alberta grain EDMONTON The Alberta Grain Commission in its weekly report Friday said price fluctuations were limited because the availability of grain was hampered by wet fields and poor roads. Buyers around Lethbridge bidding whca't oats and barley The Medicine Hat Brooks prices are quoted wheat oats S1.65. and barley The Calgary reporter advises wheat 20. oats and barley Bidding from Red Deer and district is wheat oats and barley Little change reported from Vermilion with wheat oats and barley In and around Edmonton bids wheat oats and barley From Peace River district we are advised of a slight weakening in wheat as wheat oats and barley Feed corn per bushel F.O.B. Calgary. Metals LONDON Friday's closing metals bid-ask in pounds sterling a metric silver in pence a troy Copper Spot futures 1.109-1.110. Tin Spot futures 3 921- 3.924. Lead Spot futures 278-279. Zinc Spot futures 633-634. Silver Spot 3 months 247.5-248. For complete livestock CDCMPIJ sales and service call rntliUll p.m. Fender Hog and Baby Cilves Wednesday i.m FAT and FEEDER CATTLE Rtgulir Sale Friday. 10 I.M. FAT and FEEDER CATTLE SALES Friday. 1 p.m. Seeclsl 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 ED FRENCH 328-3966 CONSWN ALL YOUR LIVESTOCK S SS C-E-FBENCH LIVESTOCK LOU DcJAaEH........ 343-4489 me Heart ol Canada's Ranching UfHIT MFNINGER 328-7354 Phone 32r-0101 Alberta Stockyards ncmnucn MO row v po BM s s 1 7_7 SALE MAY movement was attributed to fluctuations in the bullion price. INDEX DROPS The Toronto industrial widely- based indicator of market recorded its lowest level in more than two years and closed at down 12.63 on the week. The base metal index Friday touched its lowest level since December. 1972. It closed .at 83.13. down 5.24 on the week. Bonds 8 95.70 97.SO 3 GOVERNMENT OF CANADA BONDS Oct. 95.60 Jul. 96.75 Sept Sept 70.00 72.00 SplSPerp 33.00 35.00 Apr. 97.90 Jul. 97.50 98.00 98.00 PROV. AND PROVINCIAL GUARANTEED BONDS Alta '90 93.00 94.00 Ont 7 '88 80.00 81.00 Ont Hyd 9 '94 94.00 95.00 NB '90 98.00 99.00 Nfld 8 74 99.50 NS '92 72.50 73.50 Que 74 98.50 Alta '90 98.00 99.00 Man Hyd 8 '91 84.00 85.00 Sask '90 93.00 94.00 Nfld '90 98.50 99.50 Alta DC Bell Bell CU Intl NSC Steel TrCda TrCda W Alta Con W Trans C West At the composite index lost 16.74 to 185.18. Trading was moderate at Toronto this week with 10.58 million shares changing hands for a value of million compared with 8.52 million and million last week. At Montreal. 4.85 million shares were traded tor a value of million. Volume last week was 3.83 million and value The Herald Business Chicago markets CHICAGO Wheat futures prices were sharply lower on the Board of Trade Friday. Trading in the corn pit was unsteady. Prices wavered a cent or two on either side of Thursday's close. Wheat prices were under pressure from new crop being harvested in the Southwest and end of the week profit- taking. The decline of Canadian wheat by a bushel Thursday also depressed prices in Chicago. Soybean futures prices were down too. off by about 5 cents or so. Soybean oil. lower most of the day. rallied near the close to post mostly higher prices. Meal were mostly lower. The price of oats declined by a couple of cents a bushel. At the close. Chicago wheat was 10 cents Or more lower. May Gulf hard red wheat down 9 cents lower. September corn mostly a cent or two higher. May oats a few cents lower. May 1.48 bid and soybeans about a nickel lower. May 5.49. Grain quotes May Jul Sep Dec Mar 3.72. May Jul Sep Dec Mar 2.52'i. May Jul Sep Dec 1 Mar 1.39'2. Winnipeg grain WINNIPEG Futures prices were mixed in moderate activity at the close Friday on the Winnipeg Commodity Exchange. Flax made good with several months closing up the 30 cenl-a- bushel daily trading limit. Vancouver Rapeseed gained a few cents a while Thunder Bay rapeseed eased as much as the 20-cent limit. Rye was mixed through the session. At the Flax was 15 to 30 cents higher. Vancouver rapeseed unchanged to two higher. Thunder Bay rapeseed one to 20 lower and rye live higher to 3'.. lower. Thursdav's volume of trade was 546.000 bushels of of rapeseed and 353.000 of rye. Closing May 26 higher July 25 higher Oct. 30 higher Nov. 30 higher Dec. 16 higher 8.44A. Rapeseed June 2 higher Sept. unchanged Nov. 2 higher Jan. 1 higher 6 12B. Rapeseed Thunder May 20 July 3 lower 6.69B. Oct. 1 lower Nov. 6 lower 6.25B. May 5 higher July 3 lower Oct. -li-'i lower Dec. 3 lower Grain quotes Friday Flax May Jly Oct 'Nov Dec- High 982 983 941 850 Rapeseed Vancouver Jun 726 Sep 690 636 Low 970 947 907'2 843 720 i Rapeseed Thunder Bay May Jly Oct Nov Rye May Oct Dec 741 672 263 251 249 664 257 248 246'. .Close 978 978 941 911 B44 726 689 636 612 669 624 625 262 249 ''i 247 246a4 Gold prices LONDON Closing gold prices in U.S. dollars an London 165.50. Pans 179.48. Frankfurt 165.12. Zurich 165.50. Hong Kong 162.24. Beirut a kilo. REGULAR CATTLE SALE NO SALE MONDAY MAY 20th NEXT SALE HON.. MAY 27IH REMEMBER... HOG SALES every WEDNESDAY We will be assembling Market Hogs tor the Marketing Board and sell Weaner and Feeder Hogsat 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- stock to where you are guaranteed to have the Auction Sing full of Buyers to bid on your product. SPECIAL SALES MAY 25th Complete Dispersal of TABEft CAFE ALBERTA Large amount of good restaurant equipment. MAY 27th Included in our Regular Monday Sale we will feature the E. C. CONRAD FARMS TOTAL DISPERSAL OF COWS Mr. Conrad has changed his cow-calf operation and will be dis- posing of 150 head of cows with calves at foot. These range from 2 to 8 years old and have Charolais. Hereford and faced calves. PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIGHT JOHNNY CHARLTON Salet Lie. 293 GARY JENSEN PICTURE BUTTE AUCTION MARKET Ideally located In the centra el large cattle feeding and hog railing country HOG RANCH CALVES Feeder and Fat Cattle May 22nd at p.m. SOO-Head-500 All ClaMM of Cattle TUESDAY MAY 28th at p.m. COW AND CALF PAIR SALE LISTINGS INVITED AND DAIRY CATTLE SALE EVERY Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY For Information and Listings Contact JIM or JOE JURIS Picture Butts Auction Market-Picture Alberta Auction market located miles north of LetnbrMge on Highway 25 Phone 732-4400 PICTURE BUTTE ;