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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 22, 1972, Lethbridge, Alberta THE IETHBRIDCE HERAIP Wadneidov, Novsmber 23, Farmers pocket more money OTTAWA It.'l'i Oillei-- tively, f.-uTners will porkct more money this vear than any an record, W. L. Porleous, di- IhijI farm Incomes vary region to region. PROSPECTS COOP from Bond sales down rector of Stalislics Canada's ag-1 Still, farm leaders at the icullure division, said Tuesday. yearly huddle were left wilh op-1 OTTAWA rCFl Canadians in But he tempered predictions timistic prospects for their spare cash'and pledges into Uie that Canada's fai-mers diistiy dicing 1973. will share S2 billion of net in-1 farmers can look for- come this million waixl to one of the best years in from 1971 and Kioo million j some time as Russia and other new series of Canada Savings Bonds by close of business Tueday night, [lie finance de- partment announced. Miscellaneous quotations Vancouver, Calgory, Montreal (Supplied bv Dohci'lv, McCuuig LimHed) LAST U1D Oil SALE a.m. Quotes) (11 -M 0m. Quotes) a.m. Quofes) higher than the record in J965-1 buyers take deliver.- of sales. That total was down from tbe hinis about 'ousts that! While some officials and farm j record investment of j follow boom.-. representatives cautioned farm-' 000 in the 1971-72 series at the j Income will drop about four ers not to slip back into heavy or five per cent to about ?1.9 production at the expense billion in 1973 of stead-' of feed grain and oilseed crops, lly rising production costs, Dr. Porteous told about 350 dele- gates at the closing session uf the two-day Canadian agricul-! nificantly. others warned that Canada could face a shortage if produc- tion doesn't expand sig- tuval outlook conference1. As well, receipts from crops. particularly wheat which was largely responsible for hipli fam income this year, prob- ably will drop next year as Rus- sia recovers from cop failure. "It would be prudent to ex- Although profits may drop in the beef and hog trade because oi higher feed prices, officials said livestock production should continue to expand and prices remain high because of a stead- ily growing demand for meal. The controlled dairy industry, same time last year, but up from the previous record of i in 1969. The 1970 in- vestment had reached sccurrv B by Nov. 20 (hat year. Total sales of the new bonds amounted to SI by Tuesday night. But after allow- ing for previous bond issues cashed in since the beginning of October, the net new cash in- vested and pledged amounted to cSn ere-r_ e WESTERN OILS Alminox Alia Gas DP Canadfl Can Souili Ccin Ex Cdn Homestd CcJn Ind Gas C Cdn Super ftln Long 11 Charier Chicltan Dome Pele Gl Plains Gl Cdn Oil Lqchiel Noble Minci Norih Cdn oil Pancdn Pfln Ocenn Petrol Pinnadr Place Ga.i Ponder Ranger Spn Total Ulster W Decal Was! P MISCELLANEOUS INDUSTRIES Aquilaine Hud 7.70 13.621 -j ay Pld Russell Husky Oil Husky Oil B Husky Oil Wnr 17.37'-j Inler Prov Pipe 7.BO Kaiser 1.00 Lotifaw Pfd Pacilic Pele 10.B711 Rainier West Cdn Sped While Yuknn JO 00 Wesliicld Wcslon CALGARY 'oil fl Gr In Share Gr Eqully Barons Oil Norlh Coiil .Cl We5l Warner ?S i PIPE LINE STOCKS Alia Gas A Alta Gas Frc Alia Mai Gai J9.0U 17. SO 47.50 in Mulual 5.TO Mulual At 11 Mulual Cr 7-10 Nal Res 32.00 N W Cdn J3.7S N W Gr 5 75 principal or 3.55 Roytund Temp Gr Uniled Ac 17.00 Universal Sav Bt 1.15 Vanguard B 6350 VANCOUVER MINES S? Aflon 03'j Alias Explor .Pl Bath Norse 'in Qrenda Churcnill Copper Croyden J.75 5.3? 7.53 B.23 5.SO 4.W 4.97 5.J6 7 05 7.3J R.72 B.9B 5.73 6.30 Livestock report Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer lo 11 a.m. 125 cattle- Receipts mostly slaughter cattle. Trade active. Good and choice butcher steers meeting on ly fa ir demand, prices 25 i cents or more lower. Over fin- s.w ished .steers are being discount- ed to per hundredweight. n'JS jGood and choice butcher heif- !osi-2 i ers about steady. All classes of 71.00 65S If.50 N and c Ges N and C B Pfd Pacllic Trans Gaz Metro Gaz Metro A Trans Cda Pipe B 11.SO 25.75 f-6.75 Dally Vai Dynasty Primer Pyramid Silver Slanfia- pect a decline in world trade in j "'here quotas are used in an at- grains in 1973-74. and some lempl to match supply with de- build-up of inventories. It would J manri. can look fonvard to an- also be prudent to expect a de-' other good year as production dine in prices. Specially wheat prices, from existing high lev- RECORD RECEIPTS Dr. Porteous said receipts from farm products this year will be higher in every province and should reach a record throughout the country. Expenses will cut that figure to the S2 billion net. Cattle and other livestock sales account for a major part moves upward modestly and prices remain stable. But if fanners stand to bene- fit from high prices and grow- i ing demand, consumers can cash forward to more expensive food. D. G. Ajiderson of St. Peters. P.E.I., predicted on behalf of the Canadian Horticultural Council that prices would be higher for fruit, vegetables, Cdn Brew Cdn Ind Cygjius A Cygnus B Falcon Copper Genslar Ho.-ne A Home B Hud Bay Co Hud Bay Oil 5.62'.- J7.JS 12. K 6.CO 6.55 11. 511 U.50 Purchases under payroll sav- ings plans, whereby employees buy a bond by instalments through paycheque deductions, reached a record million this fall, the department said. That was up from million last year. In all. Canadians bold more than billion worth of both I old and new Canada Savings Bonds, up by more than SI bil- 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 37.10, average Tuesday 37.28. Red Deer: 37.10, average Tuesday 37.2fi. Calgary: 37.20. average Tuesday 37.27. Lethbridge: No sales, aver- age Tuesday 37.25. Lloydminster: No sales, av- erage Tuesday 37.39. Fort Macleod: No sales, av- erage Tuesday 37.30. Grande Prairie: No sales, average Tuesday 36.44. Fairview: No sales, average Tuesday 36.45. Total hogs sold 622. Average Tuesday 37.23. Sows averaged 26.95. Prairie i Livestock prices Dollar value NEW YORK (CP) Cana- dian dollar in terms of U.S. funds at noon down 1-32 at 01 27-64. Pound sterling up 1-16 at 19-64. On offer this week at Prairie Livestock of Taber were head of livestock consisting of head of cattle and 350 hogs. Trade was active on all classes size and quality con- sidered. Cows steady. Bulls steady. Bred cows higher. Feeder steers and heifers steady Calves steady. All classes of hogs sold a little stronger. Stock cows and bred heifers, to good COWS, 24 to 26.50, fair to medium, 20.50 to 23.75; heifery cows, 27 (o 30; feeder 41 to 43.50; fair to medium. 37 I to 40.50. Good yearling feeder heifers, 35.50 to 37.50; fair to medium, I 33 to 35.25. j Good steer calves over 475 pounds, 50 to 52.25; fair to me- dium, 46.50 to 49.50. Good heifer calves, 42 to 46; fair to medium, 37 to 41.50. Weaner hogs, to light feeders, S25 to S36.50; heavy feeders, to 544.50. D'Eldom Dome Minei Aldona Discovery Easl East Sullivan Falconbridge First Gianl V.K. Bovis Granduc Headway R L. Hudson Bay A'.-S Hydra Ex. Iron Bay Jollel Quebec Lake Shore Langis Silver Madsen R.L. G.F. Martin McNeely Maclntyr> Mela MJdrlm Inlern Mogul Nu West Homes N.w Athena New Calumel W. Horse CoppEr Noranda Noflngafi Osiiko Pine Poinl Placer Dev. P C. Exp. Quebec Wan ReyrocK Rodiore Rio Alqom Roman Corp. Gordon Steep Rock Tek Corp. Upper Canada Wright Hargreoves Willrcy Windfall Yellov.'knile Bear Ziffmac i INDUSTRIALS Abilibi Alcan Alcoma S Alco Ind .71'" 57.50 37.5H 3.1 S 09 1.02 .37 1775 5.90 5S 75 03 550 19.75 2.55 ,05 .57 Bell Tel Brazil Trae B.C. Tel Burns B.C. ForeO B C. Sugar Bnw Val Ind CAE Inri Can Chcmceli Ccl Cell "1 25 12.25 1.U5 5.75 15.50 i Cabl" Grl Cdn Oil Gen Motors Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Huron t Erie Hiram Walker i Imp On ImascB Int Nickel In1 Pipe Inv Grp A Int HIM Ind Acccpl Ka ps Laurenlide Kelly Doug A Loefj Lnblnw A Wei bloreL McMillan Blot Moore Corp Molsons A I mbied grades and of slaughter cattle. 3.90 31.B71; SO.OD 27.7S 10.75 21.25 Norlh 8. Ccnl 19.07V7 Power Corp Price CO IB 75 Rothmanj 20 SI. Low Corp JP.2.5 Shelf CDA 33.6 Simpson's 9 67Vi Simp Sean Sleel of Cda 3._30 Selkirk A Texaco 1X25 7.BA: 3.VI1 6.25 21.25 49.25 29. 62' 27.75 Trade was active. Slaughter steers sold steady with no strictly choice !iigh- yielding steers on offer. Over- finished steers were discounted to Heifers sold steady with no choice lands offered. Cows were mainly medium or canner lands with all grades selling steady. Bulls steady. I Low choice steers 35.23 to 136.10. goad 33.75 to 35, medium 131.50 Lo 33.50. Low choice heiT- lers 33.25 to 33.80. good 32 to 33, I medium 30 to 31.50. Good cows j 23.50 to 24.50, medium 21.50 to 23.25, canners and cutlers 17 to Good bulls 25 to 27 i Replacement cattle general manufacturing issues were the only sectors showing losses. Advances outnumbered de- j clines 147 to 81 while 196 issues remained unchanged. Chrysler rose 1 (o S39H. E-L i Financial to Huron and Erie Mortgage ]-2 to xaco to and Southam Press Vz to Broghts was off sfi to S23V Fields Stores vz to S171-. Mag- netics International 5 cents to J Sl.flO. Pembina Pipe A '4 lo SG and Algoma Central to Sherritt Gordon climbed to Consolidated Marbenor 22 cents to and Pan Central 15 cents lo Gibraltar dropped 15 cents to and Madeline 15 cents to S3.30. Lo and Chrysler to J-Wz while Rapid Data dropped Hi to On the Canadian Stock Ex- change, Fallinger, unchanged at ?4.70, traded shares. NEW YORK (AP) Utilities and airlines helped move the stock market higher today io active trading. The noon Dow Jones average of 30 industrial stocks was i ahead 3.98 at I Among issues traded on the j New York Stock Exchange, ad- vances outpaced declines by more than 7 la 5. The report of a substantial slowdown in the rate of gain of the US. consumer-price index last month helped spur the ad- vance, analysts said. The New York index of than common stocks vag up .20 at G3.77 at noon while the Amcx price-change index was ahead .05 at 26.25. McTntyre Porcupine was up a IS45 and Alcan r al Granby Mining was down Massey advanced to On the Amex. Neonex was up is al and Canadian Mar- coni V4 higher 1.30 May 1 higher 1.36 %B; July 1 higher 1.36 Grain quotes Tuesday (basis Lafceheadl- High Close Klar Nov 367 367 Dec 342 336 li 342 May 34 Us 346 'i Jly 344 344 Rapeseed Vancouver Nov 296 296 Jan 2IE-14 288 292 Vt Mar 2B3 2B7'.i Jun 282 382 Rapeseed Thunder Bay 270 (CP) Live beef futures: Close MOD. Nov 34.90A 3G.40A Jan .16.50 36.90B 37.00A 37.00A Monday's volume: Six con- tracts. Nov Dec May Jly Oats !DCC i May i Jly Barley Dec May 1.10 264 Vi 262 2B814 96'i five Dec May Jly 136 134 VI 127 I33U 132'A 270 276 V, 273 Vi SOU 127 131) 1307k 130 133-a 13IVJ A. T. Vernon, president of Canadian Toy MMiufMtureni Association, said it the associ- ation's Christmas toy preview that advertising is in enoDtia] component of marketing for tbt a year industry. The Christmas toy preview, held for first time in several years, was organized to counter negative publicity thtt the MSO- ciation says often portrays toys as dangerous pUythings foisted on the public by fast-buck oper- ators with unfair advertising. Mr. Veraoo, also president of General Mills Canada Ltd. nd general manager of Parker Brotliers. said this impression is "simply not true." The industry, which does about 70 per cent of its annual business during the Christmas season, "wholeheartedly ap- proves of legislation and regu- lations governing advertising and safety standards." Asked to comment on new Quebec legislation governing advertising aimed at children, Mr. Vernon said the industry is not concerned because toy ad- vertising already In the standards. The legislation, described by i the Quebec government as the lirst of its kind in North Amer- ica, prohibits false or mis- leading advertising aimed M children. FOUND ON SUN The gas helium was first dis- i covered on the sun before It was I found on earth. Body stuffed into elevalor TORONTO (CP) A 53-year- old Minden, Out., man visiting the city was beaten lo death in a downtown hotel Tuesday night and his body stuffed inlo an elevatoc. Police said the victim, Wil- linm Morgan Mark, was at- tacked in a third-floor room and then dragged lo the elevator of the Wavcrlcy Hotel. The elevator was then sent lo -ho lobby. A guest .entering the elevator door in Ihe lobby al- most tripped over the body. Police said Mnrk apparently was killed by a blow to the >ack of the skull. The man's rend was covered with blood from n gash behind his left ctir. SIMPSONS Dears FOOD Peanut butler wns developed i as a health food In I CORRECTION On page 3 of our flyer in today's Herald (he item Body Hugging Cat Suits should have shown a 45% saving instead of Also The Item Clock Radio on page 7 ihauld havg read: SAVE digital Clock Radio. Drop leaf design numerals. Alarm, indicator. Needs no re-setting. 60 minute sleep control. Walnut finish. Reg. Now 39.99 Wn are Sorry for any Inconvenience caused ;