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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 19, 1974, Lethbridge, Alberta 28 LETHBftiDGE HERALD Saturday, Octobtr 19, 1974 Ottawa OTTAWA (CP) Receipts of slaughter cattle and calves at nine public stockyards totalled this week, down 8.325. the federal agriculture department said Friday. Feeder cattle and calf receipts totalled 13.600. up 450. Sheep and lambs numbered 2.925. down 1.100. Good demand in Toronto for A-l' and A-2 steers and heifers throughout the week brought steady prices. Vealer calves and D-l and 0-2 cows also brought steady prices under good demand. In western centres, trading on A-} and A-2 steers was moderate to active. Prices rose 50 to 75 cents in Saskatoon and at Alberta centres and were steady in Winnipeg: Livestock Prices on A-l and A-2 heifers were steady under moderate to active trading. O-l and D-2 cow prices were steady except in Calgary where they dropped SO cents to TRADING UNEVEN Trading on feeder cattle and calves was uneven at western centres. Prices on steers of more than 750 pounds rose in Edmonton and dropped. in Saskatoon. Prices on heifers of more than 550 pounds dropped in Edmonton and Saskatoon under moderate trading. Steer calves 401 to 575 pounds sold lower in Winnipeg. In Edmonton, early gains of were offset by mid-week losses of 50 cents to Heifer calves 401 to 550 pounds sold lower in Ed- monton. THE STOCKMAN'S MARKET SELECTED LIMOUSIN SALE Mon., Oct. 21st-1p.m. 2 Purebred Bred Females 40 Blood Bred and Open Females 40 Blood Bred and Open Females HOGS SELL Tues.T at 1 p.m. -ALSO- Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily Live Weight and Dressed Basis WED., OCT. 23rd 1 p.m. 1000 TOP QUALITY RANCH CALVES 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 NEW BREEDS FEEDER HALF SALE Simttttntel Limousin Maine Anjou Chianiiw SPECIAL Holstein Salo OCT. 25th 7 p.m. HoM In conjunction with TIM Rocky Mountain UvMtock Show, Enhibttkm Pavilion. 50 Pura- brad and Qrada Holataina. Par- formanca laatad Foundation stock. NORTON CHAROLAIS SALE SAT., OCT. 26th 1 p.m. 100 Purebred and Percentage BULLS AND FEMALES Selected Maine Anjou Sale Mon., Oct 28 1 p.m. BuM and FamakM. Opan and Brad Famalaa. Spacial Transplant 'A Blood Haflan S-% Blood Blood Brad and Opan Famaln: Vt Blood Brad Famalaa; 60 HaHar Calvaa; group 'ol moattr Had Cotorad CatHa. rapraaanBng popular Blood Selected Chianina Sale Mon., Nov. 41 p.m. 1 Puraorad TrwnpUnf: 5% Bloods Heifer Brad 50 HtUmm group of out- from SouDwrn Alberto Stockman. HELMUT RUDOLPH ESTATE AUCTION SALE TUES., NOV. 5th a.m. tlw Ranch 22 mitot south of Magrath or 6 mites north ol Dal Bontta. hMd of EMBc mg hi AllSalasConductadby PERLICH BROS. AUCTION MARKBT LTD. Lecrtcd ta fhf IWb ot SooRwrn Albwta't InOostry 3 mMf ol iMHbfUtgt en Wgtmtj 3 wid v. BOX 1057, LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Mo. 071469 JOEPCftUCN Uc. VI AUCTIONEERS: SO8BMLOO UC.OS74M TOmr PEBUCh Uc. 010292 Index on hog prices dropped at all centres. Prices were down in Toronto, down more than in Win- nipeg, down to at Alberta centres and down 25 cents- in Saskatoon. YARD QUOTATIONS Slaughter cattle, steers A-l and A-2: Calgary 46-49: Edmonton 42-46; Saska- toon 44-47.30; Winnipeg 46-49: Toronto 48-50. Heifers. A-l and A-2: Calgary 41- 44.50: Edmonton 38-41; Saskatoon 40- 42.40: Winnipeg 4044; Toronto 4547. 0-1 and D-2 cows; Calgary 18.50-22; Edmonton 16-18.50: Saskatoon 18-19.50: Winnipeg 18-21; Toronto 18-20; Montreal 21.25-23.75. Slaughter calves, good and choice veal: Winnipeg 50-60; Toronto 4247; Montreal 52-59. Feeder steers more than 750 pounds: Calgary 31-40: Edmonton 33-38.50: Saskatoon 20-38.75: Winnipeg 35-38; Toronto 3741. Feeder steer calves ,401-575 pounds: Calgary 25-33: Edmonton 28-35; Saska- toon 30-33: Winnipeg 32-35; Toronto 25- 37. Good lambs: Calgary 34-35; Ed- monton 30-35: Toronto 4044. 'Index or hogs dressed: Calgary 51- 54.50: Edmonton 51.05: Saskatoon 51.40-51.45: Winnipeg Toronto 54.75-57.25; Montreal 55.59. The Herald- Business Prof it-taking bout hampers stock rally Stocks close Perlich There were 1.708 head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 1.051 cattle and 657 hogs. Butcher cows met an improved demand with prices 2.00 to 3.00 higher. SLAUGHTER CATTLE Al and A2 steers 45 to 46.90. Al. ;and A2 heifers 40 to 42.25. Holstein steers to 35.10. Dl and D2 cows 19 to 22.10. D4 cows 15 to 18. Shelly cows 7 to 13. Bologna bulls 18 to 24.90. Butcher bulls 30 to 35.25. REPLACEMENT CATTLE Steer calves 250-400 Ibs. 30 to 35. Steer calves 400-500 Ibs. 30 to 36.25. Plain quality steer calves all weights 24 to 30. Feeder steers un- der 800 Ibs. 37 to 40.90. Feeder steers over 800 Ibs. 37 to Short keep steers 41 to 44. Holstein steers 20 to 23. Heifer calves 250-400 Ibs. 22 to 26. Heifer calves Ibs. 25 to 28.75. Plain quality heifer calves 20 to 24. Good quality feeder heifers 30 to 35.50. Plain quality feeder heifers 24 to 29. HOGS. DAIRY CATTLE Market hogs dressed weight 50.30 to 51.25. Good weaners to 21. Feeder? under 100 Ibs. 22 to 34. Feeders over 100 Ibs: 31 to 48. Bred sows and gilts 90 to 120. Baby calves to 35. Calgary CALGARY (CP) Sales Friday at the Calgary livestock market totalled 1.848 cattle, 681 calves. 42 hogs and seven lambs. Feeder heifers over 550 pounds 30 to 33. Steer calves 300 to 400 pounds were 32 to 35.50. Heifer calves 401 to 550 pounds 27 to 32.50 and 300 to 400 pounds 22 to 2'. Good butcher weight calves 26 to 28. Hogs base price 50.60. Good lambs 33. TORONTO (CP) The Toronto .stock market was higher at the close of light trading Friday. Nabors Drilling rose 1V4 to Distillers Corp. IWi to Hudson's Bay Oil 1 to Toronto Dominion Bank 1 to and A to BeU Canada fell to Dome Mines 3V4 to Inco A V. to Imperial Oil A to and Dickinson to Prices were higher at the close of trading on.the Montreal Stock Ex- change Friday. Royal Bank rose to Distillers Corp. Seagrams to Pacific Petroleums to Bank of Nova Scotia to Canadian Imperial Bank to Alcan '-i to Pan Ocean Oil to Toronto Domi- nion Bank to International Nickel .class "A" to and Abitibi Paper -to Canadian Industries Ltd. fell V4 to and Canadian Javelin V4 to Prices were up in light trading on the Vancouver Stock Exchange Friday. Closing volume was 1.848.664 shares. In the industrials, Canterra was un- changed at .31 on 33.500 shares. EDT was unchanged at .09 on 32.500. Fields was unchanged at on and Dividends By THE CANADIAN PRESS Corporation dividends, quarterly un- less otherwise noted. Baton Broadcasting Inc., 10 cents, semi-annual, increase of five cents, Nov. 15. record Nov. 1. Continental Can Co. Inc., 45 cents, increase of five cents. United States funds.'Dec. 16. record Nov. 21; Heitman Canadian Realty In- vestors, Trust units. 22 cents, Nov. 6. record Oct 23. Imperial Life Assurance Co. of Canada, 90 cents, Jan: 1, 1975, record Dec. 12. 1974. Inter-City Gas Ltd., se-. cone! pfd. series B. 75 cents, semi- annual. Dec 2. record Nov. 15. filet-national Nickel Co. of Canada Ltd., class A. 35 cents, plus an extra of 25 cents; class B. 35 cents, plus an extra of 25 cents: both are .initial since reclassification, both are payable in United States funds. Dec. 2. record Nov. 4. Holland Paper Co. Ltd., class A. 15 cents, increase of three cents, plus an extra of 10 cents! Dec. 13. record Nov. 22. Bank of Montreal. 24 cents, Dec. 2, record Oct. 31. BM-RT .Realty .Investments. Trust Units. 30.07 cents, Oct. 31. record Sept: 30. Crown .Cork .and .Seal .Co. Ltd., 75 cents. Nov. 15, record Oct. 15. Steinbergs Ltd.. class A. 15 cents. Dec. 2. record Nov. 11: 5V4-per-cent pfd. series A, Nov. 15, record Oct. 25. FISHER and GUEST CONSIGNORS EARL GLORIA BERGMAN, Erskine, Alta. and GORDON LEAVITT, Rocky Mountain House, Alta. MAINE-ANJOU PRODUCTION SALE OCTOBER j ALBBTA HEREFORD TEST CENTRE. INMISFML. ALBERTA (Juat aouth of InnMall on Highway No. 2) Embryo Transplant 4 Embryo Transplants (Guaranteed HeWer Calves) 5 Blood Open Heifers 28 Blood Bred Heifers 24 Vz Blood Open Heifers 42 Commercial Cows Bred Maine-Anjou 13 Charolais Cross Heifers Bred Maine-Anjou HAYES ft STREBERG LTD. NO. Ave. S. W. CALGARY, ALBERTA (403) 261-9855 24 Hours REGULAR CATTLE SALE Regalir Manny Sale HOG SALES EVERY WEDNESDAY We win be animellng Markat for Markattng Bowd and MB Wtener and Feeder. NO HOGS WILL BE SOLO MONDAYS SPECIAL CALF SALE THURSDAY, OCTOBER 24th a.m. 309 TO 400 HEAD OF GOOD FRESH ALBERTA RANCH CALVES STOCK COW AND SUED HHFHI SMI MEXT SALE-SATURDAY, RAT ADAMS FARM SALE SAT, OCT. 26 FOR COMPLETE LISTING SEE PAGE 27 REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY ml be cpfilfini ip 'CfftcT .a1 "hoTTTg. consign yotrr iwe- lo us. where yen; are lo The Wtnc I ot Buyers lo bid on your orofluc-l PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TA8ER-DAY OR MIGHT JOHNNY CH ARLTON uc. 293 Neonex was unchanged at on 21.400. Venture was unchanged at .10 and Cornat was unchanged at VANCOUVER (CP) In the mines. Gladiator was up. .03 at .16 on shares. Grandora was down .02 at .53 on Consolidated Beaumont was up .04 at .33 on and Vieco was up at .23 on Makaoo was up .05 at .15 and Colby Mines was down .06 at In the oils. Bison was up .05 at on 14.000 shares, Seneca Developments was up .04 at .76 on Payette was .19 on and Cop-Ex was unchanged at .IS'-i on Stampede was unchanged at and Silver Crystal was unchanged at .24. Curb volume was' shares. Highland Queen was down .05 at on shares. Tapin was up .03 at .58 on 43.000, Dasher was up .01 at .58 on 31.000 and Gary Mines was .unchanged at .07 on 12.000. Thor was up .02 at and Mark V was. up .02 at .69. NEW YORK (API A third consecutive weekly decline in interest rates pushed the stock market into an early rally Friday, but profit-taking took over and the. day ended with moderate gains. The Dow Jones industrial average closed up 3.44 at 654.88 Among Canadian issues on the New York Stock Exchange, Mclntyre was up 1 to Seagrams to Hiram Walker to S38V-. and Alcan to Dome Mines was down Hi to and Inco 'A to By SANDRA 1NGALSBE The Canadian Press Stock markets made little headway this week as bouts of profit-taking hampered .attempts to continue last week's strong rally. Canadian markets were closed Mon- day for the Thanksgiving Day holiday. Tuesday, an early gain was eroded by the influence of a decline on the New York market. Analysts said a correction following the recent surge, was to be ex- often take advantage of swift rises in share prices to cash in their profits. Markets rebounded Thursday and Gold futures WINNIPEG (CP) Gold futures. U.S. funds. Winnipeg Commodity Ex- change close Friday. 400-OUNCE CONTRACTS: Oct 74 155.50: Jan 75 160.00A; Apr 75 165.30B; Jly 75 170.60A; Oct 75 176.00. Thursday's volume: 101 contracts. 100-OUNCE CONTRACTS: Nov 74 156.50B: Feb 75 162.00: May 75 167.45B; Aug 75 173.10B: Nov 75 179.10. Thursday's volume: 45 contracts. Gold prices LONDON Closing gold prices in U.S. dollars an ounce: London 155.25 Paris 159.98 Frankfurt -155.64 .Zurich -156.00 Hong Closed Beirut a kilo. Friday, prompted by further reduc- tions in prime rates by some banks in the United States. At Toronto, the industrial index, widely-based indicator of market the week at 165.84. up .54. It had gained about 14 points the previous week. The Dow Jones average of 30 in- dustrials closed at 654.88, down 3.29., The average last week gained 73 points. The Montreal industrial index was up .91 to 173.62 this week and the com- posite index .97 to 169.68 ANALYSTS ENCOURAGED Some analysts say that despite the continuing problems of inflation and. general economic worries, the recent strength in the market is an encourag- ing sirn. Mo i.- Lawson and Co. Ltd. com- ments: "With short-term interest rates easing, the prime rate in the United. States'being lowered and an easier money stanre being adopted, the climate for equity investment is improving. "Security price levels are beginning to indicate higher potential returns than alternative investment vehicles, as short-term The Toronto firm adds that when viewed in hindsight, this time "will. prove to have been one of the best buy- ing opportunities available" since before the Second World War. Toronto's western oil index .this week rose 4.17 to 147.62 while golds lost 33.04 to 355.29 and base metals 1.59 to 65.63. Trading was light at Toronto during the four-day week with 6.57 million shares changing hands for a value of million, compared with 8.89 million and million last week. At Montreal, two million shares were traded compard with 3.38 million 1st week. Value was million against million. Earnings Winnipeg grain WINNIPEG (CP) Prices were generally mixed Friday in moderate activity on the Winnipeg Commodity Exchange. Rapeseed prices continued to decline sharply and were down the daily limit in some futures, while rye and .oats- posted strong advances. Flax, corn and oats hovered .near Thursday's closing prices. Thursday's volume of trade was 2.OT.OOO bushels of feed wheat. 926.000 of oats, 4.028.000 of barley, 17XWO of corn.-732.000 of rye. of flax, and of rapeseed. Closing prices: Thunder Bay rapeseed: Oct. one lower 9.58B: Nov. eight lower 9.45: Dec. 10 lower 9.15B: May 17 lower 9.15B. Vancouver rapeseed: Nov. 20 lower Jan. three lower 9.32A: Mar. 1% lower 9.09'AB: June one lower 8.85B. Flax: Oct. 12 lower Nov. two lower. 12.05A; Dec. five higher 11.77A: May one higher 11.64A. Feed wheat: Oct. higher 3.73B: Dec. five lower 3.69: May Hi lower 3.72 VzA; July unchanged 3.80A. Corn: Dec. one higheV 4.13B: Mar. one higher 4.24B: May one higher 4.25B: July unchanged 4.20N. Barley: Oct. 3'A higher Dec. four higher 3.04B: May 1% higher 3.1H4B: July ZVz higher Oats: Oct. one lower 2.00B: Dec. one lower 1.95B: May Vz lower 1.97V4A: July unchanged 2.00A. Rye: Oct. 5fc higher 3.3HiB; Dec. 5V4 higher May six higher 3.43B: July 5'A higher Grain quotes Friday High Low Flax Oct 1212 Nov 1208 1202 Dec 1180 1170 May 1175 1162 Rapeseed Thunder Bay Oct .967 958 Nov 959 945 Dec 925 915 May 932 915 Rapeseed Vancouver Nov 957% Jan 951 927 Mar 926 903 Jun 901 Corn (basis Montreal) Dec 417 Mar May Jly Rye Oct Dec May Jly Barley Oct Dec May Jly Oats Oct Dec May Jly Feed Wheat Oct 381 Dec 373 333% 344 344% 311 304Vz 202 196 Vt 199 412 326 327 3381-4 340 303 V-i 300 310 199'4 (basis Close 1207% 1205 1177 1164 958 945 915 915 957% 932 909V., 413 424 425 420 331 332K. 343 344W 304 By THE CANADIAN PRESS 1 Brooke Bond Foods Ltd., year ended June 29: 1974. no per-share figure: 1973. no per-share figure. Canadian Utilities Ltd., nine months ended Sept. 30: 1974. 94 cents a share: 1973, 91 cents. Celanese Canada Ltd., nine months ended Sept. 30: 1974. 75 cents a share: 1973, 35 cents. Comtech Group International Ltd., three months ended Sept. 30: 1974. four cents a share; 1973, two cents. International Nickel Co. of Canada Ltd., nine months ended Sept. 30: 1974. a share: 1973. Northern Electric Co. Ltd.. nine months ended Sept. 30: 1974. no per-share figure: 1973. no per-share figure. Oshawa Group Ltd.. six months ended Aug. CIO: 1974. 801.000. 40.1 cents a share: 1973. 45.7 cents. Premier Cablevision Ltd., year ended Aug. cents a share: 1973. 79 cents. Texaco Canada Ltd.. nine months ended Sept. a share: 1973. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds Friday was up 3-50 at 6-25. Pound sterling was up 13-100 at 13-100. In New York, the Canadian dollar was down at 79-100. Pound sterling was down 1-100 at 197 373 369 May Jly 374'4 372% 316% 200 195 197V4 200 373 369 372% 380 Chicago markets CHICAGO (AP) Farm commodity futures prices were strong through most of the session on the Board of trade Friday, but profit-taking trimm- ed the gains before'the close. Wheat and com futures closed, on mixed tones but soybeans were about 15 cents a bushel higher. Soybean oil was irregular at the close, but meal gained about a ton. Oats were up about one cent a bushel. The demand early in the session for farm commodity futures appeared to have been influenced by a statement attributed to Agriculture Secretary Butz that Russia probably will get the grain previously contracted for. and another statement that Russia would gel most favored nation status'which might involve the sale ol farm products. There was a flurry of buying linked to a belief that a pending report on feed cattle might be bullish on grains. This combination of factors helped keep the buying mood high through most of the session. Trade was generally mixed and the pace fairly ac- tive. Late in the session, corn and wheat came under fairly active profit-taking. sending prices lower in most options. The distant options in the two pits re- mained firm. At the close, soybeans were 3 to 16 cents a bushel higher. Nov. 8.50: Chicago wheat ,4 lower to 6 higher. Dec. 5.13: Gulf hard red wheat not traded: com unchanged to 4 lower. Dec. 3.80 and oats to I higher. Dec. Grain quotations Friday: Wheat: Dec 5.13: Mar 5.30: May 5.29: Jul 4.94: Sep 4.97: Dec 5.08. Corn: Dec 3.80: Mar 3.88: May 3.91 Jul 3.91 Sep 3.76: Dec 3.44Ms: Mar 3.47. Oats: Dec Mar May 1.97. PICTURE BUTTE AUCTION MARKET IdMffly located in tlw cmtra of cattle leading and hog raiting country. CALFSALE Tues., Oct. 22nd p.m. And Every Tuesday Thereafter 500 Top Quality Ranch dives RANCH CALVES FEEDER AND FAT CATTLE Wed., Oct. 23rd 1 p.m. 400 TO 500 HEAD ALL CLASSES HOG and DAIRY CATTLE SALE EVERY SATURDAY at 1 p.m. MARKET HOGS MONDAY THRU FRIDAY TrackiRi Branding Vicciniliii Order Buying GovMnnfflt Veterinary Strain Feeding Pens For Information and Contact JIM or JOE JURIS Picture Butte Auction Butte. Alberta Auction marital located 16 mito north ol Lethbrklge on Highway 25 Phone 732-4400 PICTURE BUTTE Bonds GOVERNMENT OF CANADA BONDS 5'4% Oct. 97.40 8 Jul. 98.00 4VJ4 Sept 7550 Sept 66.50 3 SplSPerp 33.00 Apr. 99.15 Jul. 99.25 PROV. PROVINCIAL GUARANTEED BONDS Alia "90 89.50 Out 7 V, "88 79.80 OnlHyd 9 W 90.50 N.B. 9W. W 92.50 N.S. 69.00 Oue "74 99.50 Alia "90 91.00 ManHyd 8 91 82.00 8Wt "90 90.00 -90 89.00 INDUSTRIALS Alia Gas "90 90.00 Mean 31 91.00 92 90.00 BC Ted -90 98.00 SetlTfll 79 9B.OD B8II lei '93 92.00 CPtld. '89 99.00 CPSec "90 90.00 CD inll '91 89.00 CWW5 9'-.% 90 90.00 Gtffl '90 95.00 SnPTPlpe '90 92.00 Massey 91.00 -go git.go 90 92.00 NSC Gas -91 97.00 SlSSflGda 90 92.00 T-rCda Rtpe 914% 90 90.00 TrCOa Pips 10 '90 90.00 W Trans 8H% 93 80.00 97.50 99.00 75.75 6750 35.00 99.25 90.50 80.00 91.50 70.00 92.00 83.00 91.00 90.00 ffl ffl ANNUAL FALL SALE and to celebrate we are offering fantastic savings on every mobile home in stock, so Hurry over. 5 MODELS OF DOUBLE WIDE MODELS, atoo 2 and 3 BEDROOM SINGLES featuring NEONEX and NOR'WESTERN _ OPINHOUSI SATURDAY. OCTOBER 19th pjn. SUNDAY, OCTOKR FREE ROOT BEER AND HOT DOGS 9f A W) AamnTSMUSTKClEMIBI REGARDLESS OF PIHCE. GARY JENSEN AcMaixJs -88 S400 89.00 AHaGas 1.05 Com Gas 514% S6.00 69.00 Scurry rw, T88 70.00 74.00 W Trans C 66.00 68.00 "91 .00 86.00 and en HMNnv 9 to ;