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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 17, 1973, Lethbridge, Alberta LETHBRIDOE Energy shortage troubles stocks By SANDRA INGAL5BE Caaattaa Prew Staff Writer Worries over a world-wide energy shortage continued to chill stock markets this week. A rally during the final two sessions moderated early but the trend was generally lower. The Toronto market's in- dustrial considered a major indicator of over-all fell 4.08 to 225.51. The index has lost about 12.5 points during the last three weeks since touching its all-time high of 237.99 on Oct. 29. On the Montreal and Cana- dian the composite index was off 4.79 to 234.83. The main influence on Cana- dian markets has been a broad decline at New York. Analysts say that while the fuel shortage in Canada is not as severe as in ''the United an energy-based reces- sion affecting its major trading partner would hurt the Canadian economy and stock prices. The New York market suf- fered a more severe reflected in the Dow Jones average of 30 industrials which fell 17.08 to 891.33 this week. At the close of Wednesday's the average had lost about 117 points during 13 erasing gains made in the rally begun in mid- September. Markets rallied strongly on Friday following President Nixon's suggestion that Arab nations might relax their em- bargos to Western Europe and Japan. Earnings Bv THE CANADIAN PRESS Avoca Mines Canada nine liiinHli.1 ended Sept. 1973. piohl. 20 ecnl.s .1 share. 1972. mi pel .slune Blaek Photo Corp. sii months ended Sepl 9H8. 46 1 ccnls sluic I'I72 5 cenls i I ul.. nine months ended Sept lilTII 1972 vear ended Scpl 30. 1973. M 39 a shine 1972 .tiUII 000. '2H I nine months ended Scpl I'I7.1 yj.BOH.lb7. 04 a sli.ne Dominion Dairies nine months fildi-il Scpl 21 1971. 108. 10.i sli.nc. 1972. 1M.410.mn. Hudson's Bay nine months ended 31 1973. Mil.000. 4.1 fonts 11 shaie IU72 H.liHIIHI 4.t cents Island Telephone Co. Nine ended Scpl hiss. sh.ne. 1972. tun ___ It.iliTMKTIMIONK Co. Lid nine ilinulh.s ended Sept 1973. fl 10 .1 sh.iie. 1972. 01 Reid Lithographing Co. nine Mioiillis ended Sepl 30 197.1 .17 .i-.hiii c 9S cents Slater Steel Industries months ended Sepl. 30. 1973. a 1972. 95 cents ended Sept 30.1973. tlS97 big rents 11 1972. 11 sh.ire. Somervillc .Industries .Ltd.. mm. iimlillis culled Sepl 30 1 Yl 071 Tonecraft nine inonths ended Sepl 30 ff-12.000. 51 7 cenls a sli'iie. 1-172 44 cents. Wcstcoasl Petroleum nine months ended Scpl 1973. hi shjre. 1972. 61 cenls V R Properties nine niiinllls ended Sepl .10 197.1 rents .1 sluic 1972. WOOO. 4S Analysts cautioned that the embargo relief would not directly benefit the U.S. and that a longer-term energy problem still remains. They added that technical rallies prompted by bargain- buying of depressed stocks can be expected but that changes of a sustained recovery are not good until some of the energy uncertain- ties are resolved. Gold stocks slumped badly following the announcement that major central banks have abandoned the two-tier gold .marketing freeing them to sell on the open market. That news produced a 21.5-point drop in the Toronto gold index on the largest in four years. Some observers said the sellers over-reacted since there is little likelihood the banks will choose to sen in the market in the near future and there still high industrial demand for the metal. INDEX PICKS UP The index strengthened late in the week but closed at off 14.07. Western oils generally followed the market trend and closed the week at off 4.27. Trading was active at To- ronto this week. Volume was copper prices on world metal markets. Despite late the index closed the week at down 3.48. Trading was active at Tronto this week. Volume was 15.47 million shares and value was compared with 13.71 million and million. On the Montreal and Cana- dian 5.46 million shares were traded compared with 4.77 million last week. Value was million against million. Alberta grain EDMONTON Farmers lu or sell feed grains should iiniliK I the feed and lor.ige ex- advises John Channon. i hail ol the AlbeiUi Cram Com- mission Mr Channon says there j.s a very strong demand lor feed grams llnoiiglioul tlif province and prices are eien Im lough or damp grains The olleied bv the commission heilliei the seller nor the buver anilhmg Mlhiiugh Alberta's Iced grain supplies are moie than sulficient. Mr. savs many buyers and .sellers .ire unaware ol each other The feed Timl lortigc exchange Mils toy lisling I'lfilli potential buyers and M-llcis and gelling them together The exchange lakes no part in pricing Kalhei linancial and other in rangcmenls are the responsibility of Ihc Iwn parlies The exchange handles listings lor and slravv in addition to feed Clan's. Mi that tanners iMiig Ihis lice service provide the la Commission much- needed mloi inalion about leed grams anil linage supplies This mliiniialion in turn can lead to new pnlicv or assistance programs he adds. KOI- hsiing 01 moic information alxnil Ihc sci lanneis are asked Mi contact Ihe nearest ol seven stations These are Medicine Hal lied Deer i34b-2041i. Kd- nionlon i. Vermilion fllSi. and l-'imview IH35-222HI REGULAR CATTLE SALE EVERY MONDAY I AT 111 A.M. Hov. a.m. 800 TO HIAD TOP QUALITY RANCH CALVES iii- RIMEMBIR... HOG SALES WEDNESDAY We will be assembling Market Hogs lor the Marketing Board and sell Weaner and Feeder HogaatliOOp.m. NO HOGS WILL MONDAYS REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY JUBV I nw wvfiwnBQVv ravpofiw HI our vpvcMi Ml tflw pflOTf HVf an rTttfw9 iMlp OUT CUCtOAMrt itoeeNt rtocfc Ltd. htvv sot tho QVCKH Oft which daiy Nov. 22nd at a.m. JOHN EHNS 6lh Annual Production Ssto brad Htltori to Ibi. With ewwtgnmwrt from FlithfMtf feiAliMrhm 400 CnWOlWBVCroM 400 nt. kc. ll Mfe CM tnt IMhr Irii lAutraci ItWILLCOMMINCI AT MQULAR SALIt IVMY MONDAY AT 11100A.M. iDon't be content to accept offer at consign your live-1 I Mock to where you are putranMM to have the Auction Ring Ol to bM'on your product. PRANK LIVESTOCK LTD. PHONE TABER DAY OR NIGHT Consumer Price Index 1961-100 EDMONTON Weekly egg pouHfy report iMued by the To A A medium A B C 1ft cracki 28. To reUileri. A large A medium A small To consumers A large A medium A small 70. To live No. 1 chicken t end 6 and under 33. Fowl under turkey under 12 to over 45. Costs rise The consumer price index rose by three-tenths of one percent in the smallest monthly increase in the past year. Grocery prices dropped during October but increases in other major categories caused the index to climb. Bonds GOVERNMENT OF CANADA BONDS Oct. 97.50 98.00 B Jul. 102.50 103.00 Sept 80.50 81.50 Sept 79.00 80.00 3 Sp15 Perp 38.00 40.00 Apr. 99.50 100.00 Jul. 101.00 101.50 PROV. AND PROVINCIAL GUARANTEED Aria '90 102.00 104.00 Ont 7 '88 88.00 90.00 Ont Hyd 9 '94 103.00 105.00 NB '90 104.00 106.00 Nfld 8 V. 74 99.00 101.00 NS '92 82.00 85.00 Que '74 99.00 101.00 Alta '90 103.00 105.00 Man Hyd B '91 91.00 93.00 Sash '90 102.00 104.00 Ntld '.90 103.00 106.00 AGT 8 V. 74 99.00 101.00 Man GT 8 74 99.00 101.00 INDUSTRIALS Alta Gas '90 101.00 103.00 Alcan '91 102.00 104.00 BC'For '92 104.00 106.00 BC Tel '90 101.00 103.00 Bell Tel 79 102.00 104.00 Bell Tel '93 104.00 106.00 CP Ltd '89 100.00 102.00 CP Sec '90 102.00 104.00 Cdn Util '91 102.00 104.00 CWNG '90 103.00 105.00 Gull '90 99.00 101.00 In Pr P '90 102.00 104.00 Massey '80 102.00 105.00 Noranda '90 101.00 103.00 Intl Nick '90 101.00 103.00 NSC Gas '91 103.00 105.00 Steel Cda 9W. '90 102.00 104.00 TrCda P '90 104.00 106.00 TrCda P '90 106.00 108.00 W Trans fl'A'A '93 95.50 97.50 A Gas Tr '90 111.00 Con Gas '89 83.50 85.50 Dynasty 7 '82 110.00 120.00 Ackland '88 97.00 102.00 Scur Rain '88 93.00 96.00 W Trans C 5VH4 '88 74.00 77.00 West Tr '91 100.00 102.00 Chicago markets Al'i Fa nil raminndily liilinc-s advanced on major exchanges ttcok. hut international i-oin- iiHKlitics wi-ii- icl.ilivolv weak. SiiKiir wiHil and marine juice futures lllVillllHll On Ihr mercantile live futures posted gains Ini- I he bul shell CUB and pork lii-llv I mures declined IKMII oil prii were irregular on I he oT I uric for the hut wlie.il. coin. oals. MtylKMns jnd snv- he.m gained When I rude ended for I he week I uliires weie 11 to 32 cents a Inishfl hiuhei IX-c 4 72.' corn 7 lo higher. IHV oat-s 2 lo higher. Dec-. I 27 .soybeans 14 to 2ti liifihei. Nov. 5.WI. IKMII oil w.i.s 20 points lower to higher. IH-c. .soybean meal Dec 170.50 SKLI.ING FACTOR Inu-riiiiliiiiiid coinmnditics showed weakness early in the week A telling f.ictor was the scrapping of the liei gold .igiecmenl among some tteslem counli ION. Somr recovered before week s end. hut otliei r.iclors tended to linlil others on the defensive Silver I III in es lost as much as 7 cents an while was down cotton 2. cents a and cnlfee 100 Ixunls Wool lulure.s gamed up to 10 cents. while prices were mixed. Some late week i allies were influenced by a In-liel lli.il Arab count r.es might case IlK'ir oil emlvirgo soon Increased stoiajje supplies anil some iiHKvni .ihoul easing of cash eggs puces HCK- factors in the lower bollv .mil .shell egg fuluie.N closes Improved coiisinnei demand and buying interest hgured in I he adv.incc ol live cattle hog luluics vliiuig demand for futures and some inclement wealhur were inslriimenlal in lughei pnee.s. but piohl-Liking midweek look .1 heavy loll. II too. that there were -.nine problems assessing the two-tier gold agreement's effects Al week's end. buying was xliiiiuliilcd bv possibility of an ens- ing in the Arab oil although thei e was no positive word. Worldwide demand foi United Slates grams con- tinued and this also contributed to UK- bullish lone Friday Mhe.il. 472. Mar May 4.117. .lul Sep 4fl. Coin. IKv Mar May Jtili. .lul St-p 259. Dec O.Hs Dec I Mar 1.21. May I i. Jul I III. Sep 1 Ottawa OTTAWA Receipts of slaughter cattle and calves at the 10 public stockyards this week increased more than head with about on the agriculture department reported Friday. Early trading for A-2 steers and heifers in Toronto was dull with losses of 12.50 reported due to a narrow de- mand which moderated at closing. Western prices gradually declined throughout the week due to moderate demand D-2 cow prices were uneven in Toronto with early losses recouped by midweek gains. Western prices were steady to J1.50 lower. Vealer prices were steady. Feeder cattle receipts increased 900 head with about on offer while sheep and lamb receipts declined 400 head with about on offer. Index 100 hogs prices gained 50 cents in Toronto with western prices steady to higher. CLOSING PRICES Slaughter steers A-l and Calgary 45 to Edmonton 44 to 44 Saskatoon 44 to Winnipeg 45 to Toronto 45.50 to. Montreal 46 to 47.75. A-l and Calgary 42 to Edmonton 42 to Saskatoon 43 to Winnipeg 43.50 to Toronto 45 to 50.47 D-l and D-2 Calgary 31.50 to Edmonton 27 to Saskatoon 32 50 to Winnipeg 35 to Toronto 34.50 to 35.50. Slaughter good and choice Edmonton 43 to Winnipeg 60 to Toronto to Montreal 65 to 76 Feeder steers over 750 Calgary 44 to Edmonton 44 to Saskatoon 43 to Winnipeg 48 to Toronto 46 to 51. Feed steer calves 401 to 575 pounds. Calgary SO to Edmonton 52 to Saskatoon 52 to Winnipeg 55 to Toronto 56 to 66. Good lambs Calgary 34.50 to Ed- monton 33 to Saskatoon Toronto 42 to 45. Montreal 42 to 42.50. Index 100 hogs Calgary 53.45 to Edmonton 53.40 to Saskatoon 55.55 to Winnipeg 5550 to Toronto 57 to Montreal 51 Calgery ICI'I Sales at the Livc'sloc'k Market Kridav mi.illcil 111 CiHid Iccdci -.ICIMS over 7W pounds 42 lo mulct 7V pounds 50 lo 5U. Good Imk'i- heili'i s iiwi 551 38 lo 45. Cimd slock sloci calves over 40fl lo Ii5. -.ales lo 67. lo 400 pounds 55 Cood sliK'k calves over 4m pounds 45 lo 55. .100 lo 400 pounds 47 lo The of ine callle report 'MM' puce 52.75. Dividends Dividends are quarterly unless otherwise noted. Canada Packers Class 22 an increase of four class D. 18 7-10 an increase of 3 4-10 both payable Jan. record Dec 7 MCr Jsh. Z. record Dec 7. Distillers Corp.-Seagrams 20 an increase of 2Vz Dec. 14. record Nov. 26. Falcoabridge .Nickel 25 75 both payable Dec 28. record Dec. 7. Hugh Russel Class an increase of Dec record Nov. 6'A per cent first pfd.. Series A. 32'i cents. Jan. record Dec. 14. International Telephone and Telegraph 35 cents. Jan. 1. record Nov. 23 Silkait Class five Class 4V4 five per cent 50 all payable Dec. record Nov. 30. Third Canadian Investment Tmt first pfd.. Series A. 62ft cenls. Jan. 15. record Dec. 31. U. A. P. class A. 19 cenls. Dec. 14. record Dec. 3 Zellen nine 4'i per cent pld both payable Jan record Jan S Livestock Parlleh There were head of livestock sold this week at Perlicfa Bros. Auction Market Ltd. Receipts included 768 and 163 sheep. Cattle market was steady to 'higher. Good quality ranch calves showed the greatest increase. Medium and plain quality continue to meet buyer resistance at somewhat lower prices. Price quotations as SLAUGHTER CATTLE Dl and DZ cows 30 to D4 cows 25 to Shelly cows M to Bologna bulls 32 to depending on quality. REPLACEMENT CATTLE Steer 250 to 400 62 to steer 400 to 500 58 to plain quality steer all 45 to feeder under 800 50 to holstein and shortkeep steers 42 to heifer calves. 250 to 400 52 to heifer 400 to 500 50 to plain quality heifer calves 40 to feeder heifers 42 to feeder cows 26 to good qual- ity stock cows and heifers 385 to medium quality stock cows and heifers 340 to plain quality stock cows and heifers 275 to 325. DAIRY CATTLE Market dressed 53.55 to good weaners 17 to light weaners 8 to under 100 29 to feeders over 100 38 to 49 bred sows and gilts 80 -to baby calves 55 to feeder lambs 32 to 34.50. per old ewes 6 to 16.50 per head. Lethbrldge Butcher cattle prices uncvc.-ly higher to lower Replacement cattle steady to higher. Tr.ide sliiuifi and active M.uillhlcr stei meeting an improved prices .strong to higher as with lust week's close Sl.iuiihlci heilcis steady t'ouN undei pic.sMirc. prices or moie. Hulls Medium and slockcr and lecdcr c.illle meeting rcjMindbly good dcmund price-. or. more lower Mm k sleer calves meeting keen ices to 2 higher with one lo.id lop qu.iliU while faced calves .IVCI.ICIIIK 401 Ib.s. jl S70. slock hcilei i-.ilvc.s jround with one load while faced heifer calves at Till under flood demand Irom .mil Ivistcrn buyers SLAUGHTER CATTLE Mceis Al and A2 45 lo 4H A3 43 lo 14 10. 42 to 43. heilcrs Al and A2 41 in 42 A.I 40 lo 41. A4 38 to cows .md 31.50 In 3.1. In Jii M in 50. bulls good 38 lo 39 REPLACEMENT CATTLE I iiKid Iccdei steers over 750 Ibs. 45 lo 10. leedcr steers under 750 Ibs 50 lo 54 5tl. leedei1 heifers 43 25 to 47 liiHKl slock -teei c.ilves over 400 Ibs ti2 In 70. liiKKl slock Nluci calves under 400 511 lo fil. .slix'k heifer calves M lo .Hi HOGS AND LAMBS Hulclici- hogs sold lln.s week 53 to 1.1 base pi ice Weaneis sold 2 lo 3 pel lie.id Inglici .il IB 50 to 27 per Nov Dec May Jly Nov Jan Mar Jun Mn Nov Dec May Jly Uul Dec May Jly llurl Dec May Jly 1044 1019 979 -nl X um'ii 527 523V. 1037 1005 953 522 517V4 514 il Thunder 466 156 155 241 WANTED SCRAP IRON Now Paying More For All Typet Of Scrap Metal Farm Indwtrtal Anything of BRASS RAWATOR8 -BATTERIB8 CAST IRON Truck Scrtw Magnet CrMt National Salvage Company LIMITED NEW LOCATION 206 33rd North Phono 328-1721 to Our PICTURE BUTTE AUCTION MARKET IdMttr located m crt twgi I md hog raMng eoMMrr JOHNNY CHARLTON Uo.ttt QARYJENMN WINNIPEG Live beet ctote Friday. Nov Mar May 52.106. CALVES Feeder and Fat Cattle Wed. Nov. 21st 400 Head All Onus SKOAL CALF SALE 800 HEAD tkV CALYIS From AltMTt Koft BuM HOG AND DAIRY CATTLE SALE Saturday at 1 p.m. MARKET HOQ8 AttEMUEO MONDAY THRU FRIDAY JIM or JOE JURIS TO44M. Live No. 2 chicken t and 5 and under 30. Turkey un- der 12. 12 lo 45' HOOJ I'licic vieie insulficienl heavy feeders mi ollei lo establish quotations i iu.xl I. SO higher at .14 lo Winnipeg grain WINNIPEG A weakening trend in oilseeds that developed late in the session cut part of the gains in flax and pushed most rapeseed prices down at the close Friday on the Winnipeg Commodity Exchange. After a strong flax prices lost several cents or but still .closed well above Thursday's closing levels. Thunder Bay rapeseed was down while Vancouver rapeseed was with gains limited to deterred contract months. Rye was and oats and barley were up in light trading. Thursday's volume ol trade was bushels of flax. of of rye. of barley and of oats. Closing prices' Nov. 23 higher 21 higher May 19 higher July 13 higher 9.46A. Rapeseed Nov. 5 low 5.24 Jan Vz lower March higher June 4Vj higher 5.15A. Rapeseed Thunder Nov. lower Dec. lower 4.67 May 2V. lower July unchanged 4 66B. OatS'-Dec. 5 higher May 1V4 higher July 5 higher 1.49B. Barley. Dec. 3 higher May 6Vi higher July unchanged 220B. Rye- Dec. higher May lower 2 July 3 lower Grain quotes Friday Ilijeh Lota 1037 1010 969 946 S24'A 515 466 149 249 247V4 220 Dec 259 May 270 266 Jly 263 Qold futures WINNIPEG Gold U.S Winnipeg Commodity Ex- change close Friday. Jan 74 91 April Jly 74 97 Oct 74 Jan 75 10270A. Thursday's 138 contracts. EDMONTON Closing average prices Friday provided by the Alberta Hog Marketing Board with Thursday average in 52.95 Red 53.04 53.00 53.00 Lloydmmster. No sales Fort No sales Total hog sales average 53. No sows sold. Purebred Holstein Dispersion PERLICH BROS. AUCTION MARKET ALBERTA Nov. p.m. 50 Purebred Hoistein Htifirs out of R.O.P. 25 Bred Heifers to start freshening in Dec. 25 Open Heifers Breeding age Top Quality Heifers Representing 18 years of A.I. Breeding in the John Van Den Brand Herd. PERLICH BROS. AUCTION MARKET LTD. Located In the Hub of Southern Alberta Llveetock Industry 3 ot Lethbridge on Highway 3 and V. South New Phone Number 329-3101 THE STOCKMEN'S MARKET SOUTHERN ALBERTA MAINE- ANJOU SALE Nov. p.m. 100 FEMALES Heifers by Capone and Bysantln. Born March and 1973. 40 bred Blood Heifers. 30 Blood calves. Listing Includes Heifers out of beef or dairy type dams and by top Maine Anjou sires. 300 to 500 HOGS SELL at 1 p.m. cows CALVES -SHEEP .Hn.ZOai 10 Holstein Dairy one owner. L Market Hogs Shipped Daily Live Weight and Spttiii Rancher Calf Sale Nov. 21st at 1 urn. 800 HEAD YEARLING FEEDER AND FAT CATTLE and CALVES Thursday -1 p.m. HEAD WESTERN RANCHERS STOCK COW SALE Nov. 1 p.m. Expecting 700 Head WEST-CAN CHIANINA SALE Nov. Salt Time 1 p.m. 100 Females USTHNS MOWED H Kv 71 PERLICH AUCTION MARKET LTD. LeceM In MM ot SwMwm Lh BOX LETHBRIDQE Phom Day or Night 329-3101 PLEASE NOTE OR NEW PHONE NUMBER 329-3101 ;