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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 13, 1974, Lethbridge, Alberta 20 LETHBRIDQE HERALD Saturday, Octobar 12, 1974 Ottawa OTTAWA (CP) Receipts of slaughter cattle and calves at nine public stockyards were up this week to 26.225, the federal agrlraiture department said Friday. Feeder cattle and calves totalled down 175. Sheep and lambs totalled 4.025 down 175 Moderate to narrow demand for A-l and A-2 steers and heifers, in Toronto brought a loss. Prices on D-l and 0-2 cows dropped to under dull trading Vealer calves sold steady under good to broad demand In western centres, trading on A-l and A-2 steers was active under good demand bringing prices of 50 cents to 50 higher Prices on A-l and A-2 heifers were up 51 under active trading except in Saskatoon where they dropped 50 cents to under dull demand. D-l and D-2 cow prices were up 50 cents in Winnipeg but down to in other centres under moderate to dull trading Feeder steers of more than 750 pounds and heifers of more than 550 pounds sold steady in Toronto under good demand at market close Livestock In western centres, moderate trading brpught steady prices except In Saskatoon where prices on stsers of more than 750 pounds dropped fl in midweek. Good lamb prices in Toronto dropped to in midweek under narrow de- mand and dull trading. Trading was moderate in Edmonton with steady prices. Index 100 hog prices in Toronto were up {2.80 in early trading but dropped in midweek. Prices were up 80 cents in Winnipeg, down 60 cents in Saskatoon, down 70 cents to in Calgary and up 95 cents in Edmonton. YARD PRICES Salughter cattle, steers A-l and A-2: Calgary 45-48.50; Edmonton 41-45; Saskatoon 43.75-46.75; Winnipeg 46.50- 49, Toronto 48-50 Heifers, A-l and A-2. Calgary 42- 43.50; Edmonton 38-41; Saskatoon 3950-41.75, 47 D-l and D-2 cows: Calgary 1850- 21.50; Edmonton 16-18; Saskatoon 18- 19.50, Winnipeg 18-21: Toronto 18-20; Montreal 21-23 Slaughter calves, good and choice veal- Edmonton 28.30, Saskatoon 36 50, Toronto 42-47, Montreal 52-58. Feeder steers over 750 pounds- Calgary 34-40, Edmonton 35-39; Saska- toon 2W9.80; Winnipeg Toronto 3M2. Feeder steers calves 401-575 pounds: Calgary 25-32; Edmonton 28-32; Saska- toon 2042.25: Winnipeg 32-35; Toronto 34-38 Good lambs: Calgary 37-JJ; Ed- monton 34; Toronto 40-42. Index 100 bogs dressed: Calgary M- 54 75; Edmonton 53.3044.10; Saskatoon 51.30-51.50; Winnipeg 51.07-53.30; Toronto 57-58.75; Montreal 56.6847.87. THE STOCKMAN'S MARKET HOGS SELL Toes., at 1 p.m. Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily I Live Weight and Dressed SPECIAL RANCHERS' CALF SALE EVERY WEDNESDAY IN OCT. NOV. YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. 1500 HEAD 1500 YEARLINGS and MIXED CATTLE ALBERTA SHEEPMEN'S LAMB-RANGE EWE AND RAM SALE Fit, Oct. p.m. SELECTED LIMOUSIN SALE Mon., Oct. 21st -1p.m.] 2 Purebred Bred Females 40 Blood Bred and Open Females 40 Blood Bred and Open Females NEW BREEDS FEEDER CALF SALE FBI., OCT. 25th-1 p.m. Simmwtal LbiHHMln Anjou ChUmina SPECIAL Holstein Sale FBI., OCT. 25th 7 p.m. Held in conjunction with The Rocky Mountain Livmtock Show, Ltth- Exhibition Pavilion. 50 Pure- bred and HoteMiiu. Per- formance Foundation stock. NORTON CHAROLAIS SALE SAT.rOCT. 26th 1 p.m. 100 Purabred ami Percentage BULLS AND FEMALES Selected Maine-Anjou Sale Mon., Oct. 28 1 p.m. Purabrad and farnrtM, Open Bred SptcW Tnmptent Blood Hotter; Blood Blood Brad Opon Fwnata; Stood Bred Fematat; 90 HmWtr inpiwwhra group of mortrjr Red Colored CMte, popular Stood Selected Chianina sale Monday, Nov. 4th 1 p.m. 1 Purrtjwd Blood. wHh HuOft Crtw; 70-% Blood Bred HeMwt; 50 Opw> HrtteiK Mtocted flfoup ot out- from Southern Stoctrasn._______ _ All Sales Conducted by PERLICH BROS. AUCTION MARKET LTD. Looted In the Heb rt Southern Albortrt 3 of Lrthbridge on 3 Vi mite MORI BOX 1057, LETHBRIDQE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Company UomrM No. 071405 AUCTIONEERS: Perlich There were head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 1975 cattle and 715 hogs. Butcher cows were sharply lower with prices vp to lower. Ali other classes of cattle met a strong demand from local feeder and order buyers at steady prices. Price quotations as follows: SLAUGHTER CATTLE Al and A2 steers 45.50 to 46.70. Al and A2 heifers-39 to 42. Dl and D2 cows 17 to 22. D4 cows 10 to 16. Bologna bulls 20.50 to 25. REPLACEMENT CATTLE Steer calves -250400 IDS.' -25 to 30. Steer Calves 400 500 Ibs. 30 to 35 50 Plain quality steer calves all weights 22 to 28. Feeders steers under 800 Ibs. 38 to 41.85. Feeder steers over 800 Ibs. 38 to 41. Hols- tein steers to 23.25. Heifer calves 250400 Ibs. 20 to 25. Heifer calves 400-500 Ibs. 25' to 27. Plain quality heifer calves 20 to 24. Good quality feeder heifers 30 to 35. Plain quality feeder cows 25 to 29.50. HOGS DAIRY CATTLE Market hogs dressed weight 53.20 to 54.65. Good weaners 15 to 18 75 Light weaners 6 to 13. Feeders under 100 Ibs, 20 to 31.75. Feeders over 100 Ibs. 36 to 65. Bred sows and gilts 72 to 125. Baby calves to 37 50. Alberta grain EDMONTON (ACN) The Alberta Grain Commission in its weekly report Friday said feed grain prices appear to be fluctuating normally in all reporting areas with the exception of Red Deer where wheat, oats and barley are noticeably higher. Buyers in the Lethbridge area bidding wheat oats and barley From the Medicine Hat-Brooks dis- trict prices quoted are wheat 30, oats and barley Around Calgary the reporter advises wheat oats and barley The Red Deer market showed strength with wheat oats and barley The Vermilion district report quotes wheat oats and barley 1042.59. From Edmonton the figures receiv- ed are wheat oats 70 and barley Little change reflected from the Peace River area with wheat oats and barley U.S. feed corn: per bushel FOB Calgary. per bushel F.O.B. Lethbridge Egg prices EDMONTON (CP) Weekly egg and poultry report issued by the federal agriculture department Friday EGGS: To producers- A large 74; A medium 70; A small 50; B 55; C IB; cracks 27. To retailers: A large 8347; A medium 80-85; A small 80-W. (Three cents ex- tra in To consnmm (in car- A large 95-98; A medium 89-81; A small 75-77. POULTRY: To producers: Live No. 1 chicken boilers, 35; 6 and over, 40Mt; Sand un- der 6, 34. Fowl under Turkey under 12, 40; 12 to 18, 40; over 18 38ft. Live No. 2 chicken 6 and over, 36ft; 5 and under Turkey un- der 12. 37. 12 to 18, 37; over 18, 36ft. The Herald- Under the lampshade Manager Gerry Bennett talks with his staff beneath a Tiffany-style lamp in the backroom of a former store that has been converted into a branch of the Royal Bank of Canada. The bank branch is in Toronto's low-income Riverdale district, and bends several established banking rules to accomodate its customers. Long-awaited rally picks up stock sag By SANDRA 1NGALSBE The Canadian Press A long-awaited rally picked up the stock markets' sagging spirits this week. Trading activity increased and major indicators recorded some of the strongest advances this year. The trend was in sharp contrast to last week's dismal showing when the Toronto market's industrial index clos- ed at a four-year low and the New York Dow Jones average of 30 industrials fell below 600 for the first time in 12 years. Canadian markets, which have reacted largely to trends on the New York market in recent months rather than to domestic events, this week were carried along on the baying wave at New York. Although investors reacted coolly at first to the Ford administration's new economic proposals announced Tuesday, markets began to advance amid some hopes that inflation could ROSSITER AGENCIES LTD. Royal Representing... Fire Auto Liability Lomr Floor 4th Aw. 8. 11911 327-1541 be brought under control, analysts 'said. The Dow Jones average gained 28.39 points Wednesday, its largest rise since May, 1973. The Toronto industrial index responded with its second four- point advance of the week. The rally was fuelled by more en- couraging news. Short-term interest rates in the United States continued to ease and a few banks announced further reductions in prime lending rates to lift per cent from 11% per cent. High interest rates have weighed down the markets but inflation has been an even more depressing influence. Late in the week, economists at the First National City Bank in New York, predicted a decline in the 1975 inflation rate to five or six per cent from the present "double-digit" figures. That news, plus the reduction in prune rates, helped markets overcome an early profit-taking trend Friday and encouraged renewed buying, analysts said On the week, the Dow Jones average gained 73 61 to 698.17. At Toronto, the industrial index, widely-based in- dicator of market trend, rose 14.11 to 165.30. The Montreal composite index rose 1517 to 168.71 and the industrial index 16.90 to 172.71. Toronto's base metal index was up 2.32 to 67.22 and the western oil index 19.07 to 143.45 The gold index lost 1.86 to 388.33. Analysts were reluctant to predict whether the week's advance indicates a long-term rally has started or simply another rebound from an oversold con- dition, but some say the mood is more optimistic. Canadian Business -Service of Toronto comments that the timing of the start of an upward trend is "a sub- ject of guesswork based on historical standards." Bear markets in the last century have had an average length of 18 months. The current one has outlived the majority of its predecessors and its departure becomes more probably with each passing the service says. Trading activity increased during the first full week of extended hours. Volume at Toronto was 8.89 million shares and value was 16777 million, compared with 7.33 million shares and million last week. The trading sessions on Montreal, New York and Toronto exchanges were lengthened by one-half hour Oct 1. Volume at Montreal was 3.38 million shares, compared with 2.52 million last week. Value rose to 128.79 million from million. Stocks close REGULAR CATTLE SALE Regular Monday Sale REMEMBER HOG SALES EVERY WEDNESDAY W. Btetat Hoo. lor ft. Itotolbv Bowl and Ml WMMMK ftoajaatlHWpjn. NO HOGS WILL BE SOLO MONDAYS SPECIAL CALF SALE THURSDAY, OCTOBER 17 A.M. 300 TO 400 HEAD ______ STOCK COW AMD PEDHCTBI SALE TMrdSMordqrotf .JOEPERUCH Uc. 010293 BALOO Uc. TONY PERUCh Uc. 010292 SMuntay, October itth am. REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY I Oom be corrlerrl Jo accept one offer aJ home, consign your live I Slock to us wtiere you are guararrteed to have the AaCtton R I Jull ol Buyers 1o bid on your product PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER-DAY OR NIGHT JOHNNY CHARLTON UC.2W GARYJENSEN TORONTO (CP) The stock market was higher at the close of moderate trading Friday. Preliminary index figures had in- dustrials up 1.46 to 165.30, golds down 7.89 to 388.33. base metals up 3.39 to 67 22 and western oils up 3 30 to 143.45. Final volume was 1.79 million shares compared with 2.07 million Thursday. In industrials. Cambridge Leaseholds rose 1H to Canadian Tire A IK Home Oil B Itt to Andres Wines IVi to and B.C. Telephone itt to Ford of Canada f en 2 to S57. Alcan V4 to 912% and Hudson's Bay Co. vi to Pine Point was up to Oen- nison to and Consolidated Rambler 85 cents to Patino lost 1 to S17fe and Placer to American Quasar rase 1 to and Francana to Ranger dropped MONTREAL (CPi Prices mixed in light trading on the Montreal Stock Exchange Fnday. Volorne at the ctose was I46J9m shares, cwupaicd with SOMM stuns at the same tone Thursday. White papers were down .81 to 100 79. banks rose .81 to 230.18. utilities 47 to 12033, the composite 17 to 16742 and industrials Pan Ocean Oil H to Royal Bank to Simpson's Sears class "A" Mawey Fergnson Vt to Hudson's Bay Company Vt to ilJV Pacific Petroleums to Irteraaucmal Nickel class "A" H to mi Zeitor's H to Torooto- Dcmittnon Bank to Macmflto Bloedel to and Husky Oil '4 to Among speculative issues. Mines fell one cent to U cents iiter trading stores. VANCOUVER 1CP) Prices were op an llgJit trading