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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 24, 1970, Lethbridge, Alberta Weaker Trend Is Severe By ART JOHNSON Press Staff Writer Canadian stock markets took a sharp tumble this week, with price erosion showing no signs of a letup by Friday.________ Beef Futures WINNIPEG (CP) Trading was mostly inactive Friday on the Winnipeg beef futures mar ket with some bids in January future and on transaction in the March future at 50 points over the previous close level. Open High Low Close Nov 29.33N Jan 29.75B Mar 30.00 30.09 Potato Futures WINNIPEG (CP) The Maritime potato futures market was inactive Friday: Open Hign Low Close Nov 2.25N Mar 3.57N Aw 2'C5N May 3.07N The Toronto Stock Exchange's industrial Index, broad indica- tor of market movement, wag down 3.68 points to 164.22 on the week. By Friday, had extended to six successive sessions. On Wall Street, the Dow Jones industrial average of key blue- chip stocks receded 2.97 points to 759.38. The New York stock market had its worst session Monday, when the Dow Jones average dropped 6.85 points. The market posted small ad- vances Tuesday and Wednes- day, but headed downward again on Thursday and Friday. At the Montreal and Canadian exchanges, the composite index was down 3.47 to 162.61. Analysts said there was con- cern among many investors about third quarter corporate earnings, and also of the possi- ble severe effects of the General Motors strike. The decline at Canadian stock markets was more severe than at New York, analysts said, be- cause European investors have been selling Canadian shares in PRAIRIE LIVESTOCK LTD. SALE EVERY MONDAY AT 1 p.m. Let Us Take the Worry Out of Your Livestock Sales our contacts with professional order buyers, plui your early consignment, means lop prices for you! LIST NOW FOR THE BIG FALl RUN 29th AT P.M. BRED COW SALE SATURDAY, OCT. 31st AT P.M. SPECIAL CALF SALE ALSO EVERY SATURDAY IN NOVEMBER PRAIRIE LIVESTOCK LTD. (FORMERLY HANDLEY-JBNSEN LIVESTOCK LTD.) PHONE 223-3921, TABER DAY OR NIGHT Auctioneer: SalM Manager JOHNNY CHARLTON GARY JENSEN lie. 293 ANOTHER CUSTOMER CONVENIENCE AT FORT MACLEOD AUCTION MARKET LTD. REGULAR WEEKLY SALE TUESDAY, OCTOBER 27th FAT CATTLE SELL at a.m. STOCKER and FEEDERS SELL at p.m. ON OFFER THIS WEEK 900 HEAD 900 Highlighted by: 100 BRED YEARLING HEREFORD HEIFERS from JANESKO RANCH, MOUNTAIN VIEW 100 BRED HEREFORD ANGUS AND HEREFORD SHORTHORN CROSS HEIFERS from NOBLE FARMS LTD., NOBLEFORD 20 BRED HEREFORD COWS from FRED GRAY ESTATE, FORT MACLEOD 150 YEARLING SPAYED HEIFERS from JACK CUTTS, FERNIE, B.C. MACLEOD AND DISTRICT CALF SALE WEDNESDAY, OCT. 28th at 1 p.m. 1250 HEAD 1250 CHOICE QUALITY WESTERN RANCH CALVES SPECIAL-WED. at 11 a.m. BOARD FEET ROUGH AND DRESSED B.C. LUMBER ALL DIMENSIONS THURSDAY, OCT. 29th at 1 p.m. CALF SALE 1250 HEAD 1250 TOP QUALITY RANCH STEER AND HEIFER CALVES FOR INFORMATION AND LISTINGS CONTACT: he wake of the Quebec on. Markets abortive lly attempt on Wednesday, under pressure from Wall reet. Prices began to rise ednesday morning after re- ports of a unilateral cease-fire Vietnam by the end of the onth. Markets turned back to losses in the afternoon, how- ver, when the White House de- ed the alleged ceasefire plan. Bank stocks showed a mixed reaction Friday after Finance inister Edgar Benson sug- ested that banks should tower Kir prime lending rate, or the terest rate extended to ank's best customers. Toronto Dominion Bank, Bank Scotia and Canadian mperial Bank of Commerce locks showed fractional losses ifter the announcement, while he Bank of Montreal and Royal anfc stocks were unchanged to gher. Stocks of the five major banks ere generally higher, however rior to the announcement. The Bank of Canada Has made three reductions in its ending rate so far this year, hile the five major banks have nade only one reduction in ieir prime rate. On index at Toronto, base met- is were down 2.39 to 95.21 and western to 176.77. Golds dvanced 1.49 to 181.49. Volume was 11.83 million hares, compared with 9.13 mil on last week. However, the To- ronto Stock Exchange was .osed Monday, Thanksgiving ay, last week. Gains edged out losses 233 to 228 with 509 issues unchanged. At the Montreal and Canadii- exchanges, combined volume ras 4.85 million shares, com- lared with 4.11 million last peek. Losses "outnumbered gains 241 o 99 with 110 issues unchanged lonsmner Credit Figures Climb OTTAWA (CP) Consume credit outstanding at the end o August totalled million an increase of 4.5 per cent from a year earlier, the Dominion iureau of Statistics reported oday. The total includes departmen store and other kinds of sales inancing reported to the bureau monthly, but in addition there was more than million outstanding in accounts that ar reported to the bureau onl. every three months. FILL GEOLOGY POST OTTAWA (CP) Dr. John 0 Vheeler, 45, has been appointee chief of the crustal geology divi sion of the geological survey o Canada, LEARN DANCE Before the Christmas Season .50 X lessons for Offer good to the end of October onlyl Monte Carlo 535 13th St. N. Phone 328-9332 IN EDMONTON Stay At The RIVIERA THE HOTEL WITH MORE TO OFFER For your convenience In making reservationi Call Long Distance and ask for ZEnith 0-7255 At no cost to youl IVIERA MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta Phone: (403) 434-3431 Telex: 037-2610 Livestock Report Lttthbridge livestock Sales Monday to Friday in- luded 922 cattle; 365 calves; hogs and 312 lambs. Butcher cattle were strong to J5 cents or more higher in rats. Replacement cattle gen- erally steady. Cattle market ac- ve. Good and choice butcher steers meeting an improved de- mand, prices strong to 25 high- er, with odd sales to 27.60. Good butcher heifers sold fully teady, no choice kinds on ffer. All classes of cows met very good demand, prices strong to higher, with odd heifery inds topping 22. Bulls steady. Medium and good stacker and feeder steers meeting very good jemand at firm rates. Good lock steer and heifer calves slling generally steady. Exports one load bulls. SLAUGHTER Steers, choice, 27.25 27.50; ood medium 26-27. Heifers good 25.50-26.20; me- dium, 24-25. Cows, good 21-21.90; medium, 9.50-20.50; earners and cutters 6-19. Bulls, good, 22-23.60. IEPLACEMENTS Good heavy feeder steers ver 800 Ibs. 27.50-30.20. Good light stock steers 550- 700 Ibs. 32-34.20. Good feeder heifers 26-28. Goood stock cows 21-24. Good bred cows per lead. Good stock steer calves 400- 500 Ibs. ,36-38.75. Good stock steer calves under 400 Ibs. 40-43 with sales to 46.75 Good stock heifer calves under 400 Ibs. 33-35. Good -stop'-, heifer calves over 400 Ibs. 32-33. HOGS, LAMBS Butcher hogs sold this week FOB Lethbridge 22.75-23.05 base nice. Weaner and feeder hogs aider pressure. Weaners 6- 11.50. Light feeders under IOC bs. 13-17.50. Heavy over 100 Ibs. 19.75-26.50 all prices per head. Light feeders under 100 Ibs. sold from 17-2. per hundredweight. Heavy feed ers over 100 Ibs. 16-19.75 per hundredweight. Good lambs 23.50-24. Perlich Livestock There were head of livestock sold this week at Per- lich Bros. Auction Market Ltd. Receipts included 1.S53 cattle, 355 hogs and 365 sheep. The attle market was strong and dive on all classes of fat cat- tle. All classes of stock calves and feeder cattle sold higher. Stock calves two to three dol- ars higher this week. Choice steers sold 27.25 to 27.70; medium 26.75 to 27.25; iutcher heifers not enough on. offer to establish firm quota- ions; good cows 21 to 22.80; medium 19 to 21; earners and cutters 15.50 to 18.50; bologna bulls 22 to 23; shelly kinds town to 20.90. REPLACEMENTS Yearling steers, 600 to 750 bs., 31.50 to 34.50; steers over 50 Ibs. 29.25 to 31.50; holstein eeder steers 26.80 to 30.00; jood feeder heifers 28 to 29.50; medium quality 26.50 to 28.00. Good steer calves under 400 bs. 39 to 44 several sales high- T on calves under 300 Ibs. Steer calves over 400 Ibs. 37 lo 42; plain quality steer calves 34 to 37; holstein steer calves 32 to 36. Good heifer calves under 400 bs. 33 to 36; heifer calves over 400 Ibs. 31 to 34; plain quality leifer calves 28 to 30; feeder cows 21 to 23.40 with sales to 27 on lightweight young cows; older feeder cows 17 to 20. HOGS All classes of hogs met an indifferent demand prices one l.o three dollars lower; wean ers 5.50 to 9; light feeders 10 to 17.50; heavy feeders 22 to 26.25. Baby calves 45 to 82.50. SHEEP All classes met a good de mand from local buyers; gooystal P 1 West Ham 1 Derby 0 Leeds 2 verton 3 Newcastle 1 uddersfleld 0 Notts F 0 liswich 1 Liverpool 0 :an United 2 West Brom 1 Southampton 2 Burnley 0 ottenham 3 Stoke 0 tolverhampton 3 Man City 0 Division II Isckbum 2 Norwich 1 Bolton 1 Bristol C 0 arlisle 1 Cardiff 1 Jharlton 1 Luton 1 Hull 1 Sheffield U 1 Orient 0 Milwall 0 'Ueen's PR 2 Portsmouth 0 Sheffield W 0 Leicester 3 Sunderland 0 Oxford 1 windon 3 Middlssborough 0 Watford 2 Birmingham 1 Division III iston Villa 1 Tranmere 0 Jradford C 2 Torquay 0 irighton 2 Wrexham 0 Bristol R 0 Bury 1 Fulham 3 Halifax 1 Jansfield 0 Reading 0 Plymouth 1 Preston 1 >ort Vale 1 Rotherham 0 lochdale 1 Barnsley 0 Shrewsbury 1 Chesterfield 1 iwansea 1 Gillingham 0 Division IV Aldershot 3 Barrow 0 Chester 4 Bournemouth 2 5-ewe 3 Scunthorpe 1 )arlington 0 Northampton 0 Exeter 1 Cambridge 0 Grimsby 3 York 1 iartlepools 1 Southport 2 jncoln 2 Peterborough 1 Newport 2 WorMngton 2 Identify Victim Of Gas Blast EDMONTON (CP) ECIviF today identified a masonr; worker killed in a gasoline ex plosion as Helmut Knebel, 22 of Edmonton. He died in hospital a hours after he was burnei when gasoline exploded whil being used as a cleaning fluii for tools. turn into so in just 11 years! The new Canada Savings Bonds provide Canadians with an investment, which, If held lor 11 years, will provide an average interest return of an your money. Available In amounts of up to fliesa bonds may us cashed in at any tims at full face value plus earned Interest. For further Information on 1970-71 Canada Savings Bonds or to obtain a chart showing 'a comparison of this Issue to others contact our nearest office. 709 4th AVENUE S., LETHBRIDGE TELEPHONE: 327-5757 RICHARDSON SECURITIES OF CANADA AmuATEor JAMES RICHARDSON SONS, LIMITED EGTABUSHBD1857 OFFICES !N3S CITtSS ACROSS CANADA fcLWYORK, CHICAGO. LONDON, FRANKFURT. MONO KONH Saturday, Odob.r 24, 1770 THI UTHMIDOI HWAID 21 Soccer Results Notts C 2 Oldham 0 Southend 4 Brentford S SCOTTISH LEAGUE CUP Final Celtic 0 Rangers 1 SCOTTISH LEAGUE Division I Airdrieonians 1 Clyde i Cowdenbeath 0 Motherwell 1 Dundee U 2 Dunfermline 2 Falkirk 2 Ayr 0 Kilmarnock 2 Morton 2 St Johnstone 3 Dundee 1 St. Mirren 1 Aberdeen 3 Division II Alloa S Arbroath 6 Berwick 2 E Stirling 1 BrecWn 1 Queen of S 1 Clydebank 6 Stirling 5 Forfar 6 Steinhousemuir 1 Hamilton 1 East Fife 1 Patrick 1 Dumbarton 1 Raith 2 Albion 2 Stranraer 3 Montrose I hi. H. Smith Ltd, Customs Broker EQMOfcTON LETHBR1MI count 344-382} THE STOCKMAN'S MARKET HOG SALES P.M. HOGS SHEEP DAIRY CATTLE WE ARE ASSEMBLING FAT HOGS MONDAY THRU FRIDAY LARGE LUMBER AUCTION TUESDAY, OCT. 27th Following the Hog BOARD FEET 1x4, 2x8, 2x10, 4x6, 4x8 6x6, 1x6, 1x8, 1x10 Rough and Planed Various Lengthi SPECIAL CALF SALE Wed., Oct. 28th P.M. i700 HEAD 700 List Your Calves Early. As these are specially advertised and promoted sales. REGULAR CATTLE SALES THURS.-l P.M. Stacker Feeder and Fat Cattle SPECIAL 130 TOP QUALITY HEREFORD HEIFERS BRED TO ANGUS BULLS WESTERN CANADA EXOTIC BREED SPECIAL SALE MONDAY, NOV. 2nd P.M. 500 HEAD -JLOO ANOTHER SPECIAL SHEEP SALE EWES FAT and FEEDER LAMBS TUES., NOV. 10th Following the Hog Salt AND ROMNEIET AND CROSSBRED EWE LAMBS From the Lethbridge Research Station 100 OLDER RANGE EWES 200 FAT AND FEEDER LAMBS SEVERAL RAMS BRED HEIFER AND STOCK COW SALE WON., NOV. 16-1 p.m. EXPECTING 1000 HEAD Listings to date include: 200 HEREFORD HEIFERS BRED TO HEREFORD AND ANGUS 100 CROSSBRED HEIFERS BRED TO ANGUS 100 ANGUS HEIFERS BRED TO ANGUS 100 HEREFORD AND CROSSBRED COWS All pregnancy examined Make Plans Now For The Marketing Of Your Livestock PERLICH BROS. AUCTION MARKET LTD. Located In the hub of Southern Alberta's livestock In- dustry 3 miles east of Lelhbridge on Highway 3 and mlie south. PHONE DAY OR NIGHT 328-3951 BOX 1057, LETHBRIDGE ;