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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 25, 1974, Lethbridge, Alberta may .S. interest peak brightens market By WENDY ROSEN The Canadian Press All tho signs pointed to Canadian slock markets closing lower again this depressed by higher interest political uncertainties and nillalion For the first three days of they were sharply lower. lliev turned up Friday in response to speculation in the United Stales that interest rates would soon peak. Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise noted. Canron Ltd.. 25 cenls. July 1. record June 4'i-per-cent pfd.. 1956 SI.OB' i. July 15. record June 14. Dominion Stores .18 plus a special extra dividend of 10 cenls. both payable June 15. record May 31. McCall and Co. class A. IB class B. 15.3 both payable June 25. record June 10. IAC 24 4'-i-percent pfd.. i-per-ccnt 35.94 all payable June 28. record June 10. New Brunswick Telephone Co. 25 cents. July 15. record June pld.. 34 cents. June 15. record May 31. Niagara Wire Weaving Co. Ltd.. .20 class B. 20 both payable July 2. record June 6. St. Lawrence Cement Co. class A. 20 cents. Julv 31. record July 15. Silknit Ltd.. class A. live class 4' i 5-per-cent pfd-. 50 all pavable June 14. record May 31. Thompson Paper Box Co.. 10 cents. an increase ol June 1. record May 28. Victoria and Grey Trust Co.. 27 cenls. June 14. record May 5.35- per-ce.nl pld. series A. cents. Aug. 1. record Julv 12. INSURANCE LIABILITY BONDS AUTO FIRE ROSSITER AGENCIES LTD. Established 1911 Lower Floor 517 4th Ave. S. 327-1541 One factor in the brighter American picture was a government committee's proposal to decrease the capital-gains tax. If this would release an estimated million back into the economy. The Dow Jones average of 30 industrials was down 16.27 in the first three days before recovering 14.08 to close at 816.20. Analysts predicl the current trend of market inaciiveness and investor disinterest in Canada could change abruptly within the next one to three months and the catalyst will be the start of declining trends in both inflation and interest rates. Election campaigning is causing many including dominent institutional to wait until the market reverses. Oil shares rose sharply Friday in response to the federal government's approval of a petrochemical centre in Alberta. The National Energy Board also announced il would licence Ihe exporl of about 13 per cent more barrels of oil and petroleum products than last year. The oil earlier in the recorded a low since November. 1970. bui closed Friday ul 181.12. up .61. A slide in the Toronto industrial index since mid-March is described by dealers as the third worst decline in Ihe postwar period. The olhers were in 1957 and 1970. The widely-based indicator of market was up 2.21. ils largesl Beef futures Live beef Jlv Sepl 49.30A. Thursdav's No contracts. Gold futures iCI'i Cold futures. I'S luiuls. Winnipeg Commodily Kxrhanne. .IK 71 Oct 74 Jan 75 Apr 75 Jly 75 IHtiOllli Thursday's 294 contracts. Dollar value MONTKKAL iCPi dollar in terms ol Canadian funds a I p.m. Friday was up 1-25 at 3-50 Pound sterling was down 77-100 at S2.30 93-100. In New the Canadian dollar was down 1-25 al SI 04 1-10. Pound Merlmg was down 1J-10 ul S2.40 2-5. THE STOCKMAN'S MARKET 300 to 500 HOGS SELL at 1 p.m. Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Drenaed Basis YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. SPECIAL 30 COW-CALF PAIRS FARMERS. DEALERS. STOCKMEN. Consign your new and used equipment to GIGANTIC EQUIPMENT AUCTION JUNE a.m. A dtmind axitti Contraction and Haying Equipment THROUGHOUT WESTERN CANADA. Widespread advertising coverage and promotion and reasonable telling make thit tale one ol the moat 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-MAINE ANJOU consignment ol quality cattle are welcome to this widely advertised quality 2 Breed Sale. PERLICH BROS. AUCTION MARKIT LTD. Located In Ihe Hub ol Southern Albena'i Llveelock Induatry 3 eaat at on Highway 3 end mIM eouth BOX LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Company UoertM No. 071405 JOE PERLICH LIC. BOt BALOQ Lte. WT454 TONY PERLICH Lte. 010212 jump since 27. lo close Friday al 186.03. Gold shares continued to reflecting fluctuations in bullion prices. The index fell 48.18 al 425.44. Base metals losl 4.82 in the first three days before gaining 2.68 Friday to close al 81.01. Trading was moderale at Toronto this week with 8.09 million shares changing hands for a value of compared with 10.58 million and million last week. At the composite rose 1.74 lo 186.92. The volume was 3.60 million shares lor a value of million I.asl week. 4.85 million shares were traded lor a value of million. Bonds GOVERNMENT OF CANADA BONDS Oct. 95.65 8 Jul. 97.00 Sept 73.12'A Sept -70.00 3 SplSPerp 33.SQ Apr. 97.90 Jul. 97.50 95.75 98.00 72.00 34.50 98.00 98.00 PROV. AND PROVINCIAL GUARANTEED BONDS Alia Ont Ont Hyd NB Nlld NS due Alta Man Hyd Sask Nlld AGT Man GT Alta Gas Alcan BC For BCTel Bell Tel Bell Tel CPLtd CPSec CU Intl CWNG Gulf In Pr Pipe Massey Noranda Intl Nick Gas Steel Cda TrCda P TrCda P W Trans 8 9 Wo 9 92.50 79.50 93.00 9B.OO 99.50 72.50 98.50 98.00 83.50 92.50 98.50 99.00 99.00 '90 '88 '94 '90 '74 '74. '90 '91 '90 8 '74 8 '74 INDUSTRIALS '90 91.00 '91 94.00 '92 '90 79 '89 '90 '91 '90 '90 '80 '90 '90 '91 '90 '90 '90 93.50 80.50 94.00 99.00 73.50 99.00 84.50 93.50 99.50 8 Wo 95.00 97.00 97.00 94.00 97.00 91.00 96.00 95.00 97.00 93.00 95.00 92.00 92.50 97.00 92.50 95.00 97.00 81.00 97.00 99.00 CONVERTIBLES Acklands Alia Gas Con Gas Scurry WTr.nsC WeslTr 7 Wo '88 87.00 92.00 '90 113.00 123.00 5 Wo '89 70.00 73.00 '88 79.00 82.00 5 Wo '88' 67.00 71.00 7 Wo '91 88.00 92.00 Ottawa OTTAWA Slaughler callle and calves for sale al Ihe nine public stockyards this week totalled 18.075. down 3.250 head fronvlast week. 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 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 t Proven Marchigiana Sire 30 Two Year Old Hereford Heifers Safe in Call to a good top Romagnola Sire. A Breed that one ol the with the Italian Information lor Hotel PROVOST LIVESTOCK EXCHANGE ALBERTA PHONE 753-2369 REGULAR CATTLE SALE Regular Monday Sale Special for Me E.C. CONRAD FARMS TOTAL DISPERSAL OF COWS Mr. Conrad has changed his cow-calf operation and will be disposing of 150 head of cows with calves at foot. These cows range from 2 to B years old and have Charolais. Hereford and faced calves. and Heifers tjlood Charolais Yearling Breeding all sons of Blood Maine Anjou Yearling Bulls by Blood 3 year old Charolais Blood 4 year eld Charolais Bull. Plus 150 Fit and Heavy Feeder Steers from Tillman Blood Charolais Yearli Livestock Trailing started Tuesday after the Monday holiday. Demand for all classes of slaughter cattle was moderale in Toronto resulting in mid-week price losses of for A-l and A-2 steers. Prices for A-l and A-2 heifers and D-l. D-2 cows were steady. In western ecnlres demand for A-l and A-2 steers was uneven. Winnipeg reported mid-week increases of under strong trailing while Edmonton dropped in earh trading under moderate demand. A-l and A-2 heifer prices in Alberta centres declined 50 cents to S2 under moderale lo narrow demands. All olher centres reported steady prices. D-l and D-2 cow prices declined in most centres from 25 cents to SI under moderate demand. Vealer prices were mostly steady under good demand. Montreal reported losses of S2 in early trading. Demand for all classes of vealer callle and calves in Toronto was moderate resulting in mid-week losses of S2 for siecrs of more than 750 pounds and SI to S2 for heifers of more than 550 pounds. Prices on steer calves 401 to 575 pounds dropped while heifer calves 401 to 550 pounds were down lo S.4. Edmonton reporled losses of S3 for sleers of more than 750 pounds. S2 for heifers of more than 550 pounds and S4 for steer and heifer calves. Other centres reported sleady prices. A broad demand for good lambs in Toronto brought increases of New crop lambs advanced S10 in mid-week under strong trading. Western centres Ihroughout Ihe week had insufficient sales In establish quolalions. Index 100 hog prices dropped 55 cenls in mid-week but recovered 15 cents of Ihe decline Thursday. Prices dropped 50 cenls lo 95 cenls in all weslern cenlres bul Saskaloon. where prices were steady. STOCKYARD QUOTATIONS Slaughler callle. sleers A-l and Calgary Edmonlon 44.50- Saskaloon Winnipeg 47- Toronto 45.50-46.50. Heifers. A-l and Calgary 41- Saskaloon 41.50-43.25. Winnipeg Montreal 40.25-43. n-1 and D-2 Calgary Edmonlon Saskatoon Winnipeg Toronto 30-32. Slaughter good and choice Winnipeg Toronto Montreal 58-65.50. Feeder steers of more than 750 Calgary Edmonton 40- Saskaloon Winnipeg Toronto 43-47. Feeder steer calves 401-575 Calgary Edmonton Saskatoon Winnipeg Toronto 49-55. Index 100 hogs Calgary 35- Edmonton Saskatoon Winnipeg Toronto Montreal 39.65-39.82. Good stock heifer calves 38 to 42.50 The resl of Ihe callle report was unchanged. No hogs were sold. Periled Calgary REMEMBER... HOG SALES every WEDNESDAY We will be assembling Market Hogs lor the Marketing Board and sell Weaner and Feeder Hogs at p.m. NO HOGS WILL BE SOLD MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY L Don't be content to accept one offer at consign your live- t stock to where you are guaranteed to have the Auction Sing I full of Buyers to bid on your product. PRAIRIE LIVESTOCK LTD. PHONE TABER DAY OR NIGHT JOHNNY CHARLTON n Lte.JM GARY JENSEN CALGARY Receipts at the Calgary public stockyards Friday lotalled 954-cattle. 231 calves and 876 hogs. Chicago markets CHICAGO lAPi Soybean futures prices posted modest gains on the Hoard of Trade Friday. Grain prices were mostly sleady. export buying soybeans moved up about 7 to 8 cents during Ihe day. before falling back to more moiles_t increases at the close. Coi n liilures were up by about 2 to S cents in active trading by add closed about .steady to slightly higher. Wheat prices were mixed on the close alter beinfi higher most of the day. Soybean oil was mostly lower by about 25 to 40 while meal was sleady lo slightly higher. AI the close. Chicago wheat prices about 2 cents lower to 2 cenls higher. July hard red wheat not corn about a cent or two higher. July oats slightly lower. July 1.25-i i and soybeans to 4 cents higher. July 5.54. Grain quotes .lul 3.40. Se'p 11.47. Dec 1155. Mar I1.60. Jul 2.61. Sep 2.52. Dec Mar Jul I.2.V.. Sep 1.2.1'i. Dec 1 28'i. Mar 1.29. There were 1.383 head of livestock sold this week at Perlich'Bros. Auclion Market Lid. Receipls included 873-caltle and 510 hogs. Majority of cattle were of plain and medium quality. Good quality cattle traded all other classes mel buyer resistance prices 2 lo 4 dollars lower. Price quolalions as SLAUGHTER CATTLE Al and A2 steers 44 to 47.50. Al and A2 heifers 3.9 to 39.75. Dl and D2 cows .10 to D4 cows 24 to 29. Shelly cows 12 lo Bologna bulls 30 lo 33 75 REPLACEMENT CATTLE Sleer calves 250-400 Ibs. 48 to 52.50. steer Calves 400-500 Ibs. 47 lo 54. sleer over 500 Ibs. 46 to 51 25. Plain quality steer calves all weights. 35 to 45 Feeder steers over 800 Ibs. 40 to 46.10. holstcin steers 30 lo 33. heifer calves 250-400 Ibs. 36 lo 40. heifer calves 400-500 Ibs. 37 lo 40. heifer calves over 500 Ibs. 37 to 41.60. Plain qualily heifer calves 30 lo 36. Feeder heifers 37 lo 41. feeder cows 25 lo 30. good qualily slock cows and heifers 400 to 427.50. plain quality slock cows and heifers 235 to 375. HOGS AND DAIRY CATTLE Market hogs dressed weight 34 lo 34.80. wcaners 8.50 lo feeders under 100 Ibs. 18.25 lo 28.25. feeders over 100 Ibs 31.75 lo 37. bred sows and gills 76 lo 90. baby calves 37 lo 100. light calves B5 lo 150. Lethbrldge Livestock sales Monday lo 92 450 1.516 19B lambs. SUMMARY Slaughler sleers and heifers aboul steady. Cows 2.00 to 3.00 lower. Replacemenl callle about steady. Trade moderately active. All classes of butcher steers and heifers .selling at about sleady prices. Cows selling under prices 2.00 lo 3.00 lower Medium and good slocker and feeder cattle meeting good demand at about steady prices SLAUGHTER CATTLE Al and A2-47. to 49.40. Al and A2-42.IO to 43.10. Dl and D2-2B. to 30.50 D2 27 to 28. D4-25. to 27. Bulls-33. lo .14. REPLACEMENT CATTLE Good feeder steers 600 to 700 Ibs. 44 lo 48.60. Good slock cows 25 lo 32.25. Good stock steer calves all weights 45 lo 51.50. Good stock heifer calves 36.50 10 41.50. HOGS AND LAMBS Bulcher hogs sold this week at the Lethbridge yards 33.50 to 35.05 base price. There were 185 hogs sold for export. Good lambs spring lambs i 40.00 to 45.00. The Herald- Business Crystal on the rise The Galway Crystal company began just five years ago with a 'master cutter and two apprentices. The young men went to Bavaria for 18 months to learn glass blowing and cutting. Today the just outside this west-coast has 200 workers including 85 cutters. The worker here cuts the design on the finished pro- duct by hand after the glass has been blown into the required shape. By THE CANADIAN PRESS Auto Electric Service Co. year ended Dec. 1972. 189.000 profit. Beaver Engineering three months ended March 1974. 10 cents a cents. Bell Knit three months ended March .1974. a 1973 figures not available. Bomac Batten three months ended March 1974. loss. 10 cents a 1973. profit. 31 cents City Savings and Trust three months ended March 1974. 25 6 cents a 30.9 cents. Cochrane-Dunlop Hardware three months ended March 1974. SI.35 a 1973. 20 cents. Dominion Dairies three months ended March a 1973. Douglas Leaseholds year ended Dec. 1973. Gesco Distributing six months ended March 63 cents a 37 cents. North Canadian Oils three months ended March 1974. 10 cents a eight cents. Norlhgate Exploration three munths ended March S2.631.000. 44 cents a 1973. 34 cents. Occidental Petroleum Corp.. lour months ended April 1974. S107.621.000. a 1973. S17.537.000. 20 cents. United Canso Oil and Gas six months ended March 1974. six cents a 1973. lour cents. Winnipeg grain iCI'i Hye weakened as ihc session progressed Friday on 1 ho Winnipeg Commodity Kxchango. Iml oilier futures were steady to higher in price in moderate achvity. Hye closed-as much as live cenls a husiicl after posting small Stilus al Ilie npeii. Al the Flax was '2 higher lo une lower. Vancouver rapeseed 5's tn 17 higher. Thunder Hay rapesced 10 to and rye I' i to live lower. Al ThimiliT all exporl wheal prices were unchanged. Thursday's volume ol trade was bushels I lax. 1.095.000 ol rapcscecl and 469.000 ol rye. Cash Oals 2 CVV 1.83. 3 1.78. K.X 3 1.80. I leecl 1.75. I leed 1.74. 2 leeil 1.71. feed 1.68. mixed leed 60.00. HaHcy 1 li-ruw 2.50. 1 t.'W 2- 2 Ctt 2-rmv 2.50. 2 6-rnw 1 leed 2.13. 2 leed 2.11'-. leed 2 OH in. Hurley 1 li-row 2.50. 1 CU 2- niw 2.SO. 2 2-rmv 2.50. 2 Cw 6-row 2.50. 1 leed 2 leed 2.11's. 3 feed live 1 ami 2 2.40. 3 CW 2.25. 4 CW'2.1fi. leed 2.10. l-'lax 1 CW il.Jli1-. 2 UW 'J.4I4. CW flllli'j. Hapcseeil No. 1 Canadian 6 No 2 Canadian 6.112. Exporl wheat prices. Thunder 1 CW 13.5 PCT protein 11.5 PCT 2 CW 13.5 PCT 11.5 PCT 3 I durum 2 durum 3 durum 4 durum 7.02'. Grain q u o I e s Friday basis Close 946 'I 956 916 888 R07 709 639 638 697 680 6.14 634 240 236' 232'a nine 1974. 1973. three 1 i i '-2 Weilcoasl Petroleum three months ended March 31. 5.7 cents n 3.6 cents. Canada Machinery Corp. three months ended April cents a 1973. three cents. Canadian Reserve Oil and Gas three months ended March 1974. 6.4 cents a 1973. cents. Cassiar Asbestos Corp. three months ended March 1974. one cent 1973. profit. 12.5 Comaplex Resources Inter- national year ended Dec. 1973. three cents a 1972. 26 cents. Donlee Manufacturing In- dustries three months ended March 1974. S280.100. 80 cents a .10 cents. Granby Mining six months ended March 1974. a 1973. Inland Natural Gas Co. months ended March SI.09 a 'S3.470.K81. Maritime Electric Co. months ended March L974. 30 cents a 1973. 29 cents. Oil Patch Industries Ltd.. six months ended March 1974. 30 cents a 1973. 29.8 ccnyi. Premier Trust Co.. three months Bended March 1974. a 1973. S194.000. Slater Steel Industries year ended March 1974. a 1973. S2.948.1B4. 97 cenls. Steinberg's 36 weeks ended April 15174. S10.775.000. SI.53 a share. 1973. Union Gas year ended March 1974. cents a 1973. S16.018.000. 99.1 cents Woodward Stores year ended Jan. 1974. a 1973. SI.54. Y and R Properties three months ended March 1974. 14 cents a 1973. 15 cenls. Trans-Canada Resources three months ended Jan. 1974. S51.293 loss. Wcsteel-Rosco three months ended March 1974. SI.16 a 1973. 25 cents Egg prices EDMONTON iCPi Weekly egg and poultry report issued by the Icfleral agriculture department. To A large A medium A small B C cracks 32. To retailers- A large A medium A small 66-69. cenls extra in cartons'. To consumers un cartons A large A medium A small 75-79. POULTRY Live No 1 chicken broilers. 36. ti and over. 5 and under 6. 34. Imvl under 4. turkey under 12. 12 to 18. over 18. 41. Live No. 2 chicken 6 and over. 5 and under turkey under 12. 41. 12 lo 41. over 18.'39 Hog prices iCI'i Average oliiMiUi Krnlay provided by llic Alhoria Producers Marketing Iliianl. Thursday average in brackfls. 1. Hril dm l.rlhliridiii'. Nil CM. Kli. scilcl a Snws nil IK Gold LONDON lAI'i Closing prices in I'.S. dollars an London IH2.00 Paris 16H.9II Krunkl'url KiO.nl Zurich 00 Beirut -5.153 a kilo WANTED SCRAP IRON Now Paying More For All Types Of Scrap Metal Farm Industrial Anything Made of IRON Truck Crane Service National Salvage Company LIMITbD NEW LOCATION 206-33rd Street North Phone is Our PICTURE BUTTE AUCTION MARKET Ideally located in the centre ol e large cattle feeding and hog raiting country RANCH CALVES Feeder and Pat Cattle May 29th at p.m. 500-Heid-SOO Tuesday May 28th at p.m. Calf Pair Sale HOG AND DAIRY CATTLE SALE EVERY Saturday at 1 p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY JIM or JOE JURIS Picture tune Auction Market-Picture Alberta Auclion market located II north ol Lelhbrldfle on Highway 2S Phone 732-4400 PICTURE BUTTE ;