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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 26, 1974, Lethbridge, Alberta 28 THE LETHBRIDOC HERALD Saturday, October M, 1974 Livestock Ottawa OTTAWA (CP) Receipts of slaughter catUe and calves at nine public stockyards were up 6.650 to SM this week, the federal agriculture department said Friday. Feeder cattle and calves totalled 18.52S, up from last week. Sheep and lambs were up to 4.060. Prices in -Toronto for A-l and A-2 steers rose SI in midweek under strong trading for light supplies. A-l and A-2 heifer prices dropped under moderate demand. Strong trading and broad demand for D-l and D-2 cows brought a gain of VeaJer calf prices dropped under moderate trading. In western centres, prices rose between 25 and 75 cents on A-l and A-2 steers except in .Calgary where they dropped 50 cents. Active trading and good demand for A-l and A-2 heifers in Calgary brought a gain of SO cents. D-l and D-2 cow prices rose 50 cents to at all centres. RISING PRICES In Toronto, prices rose for steers of more than 750 pounds. for heifers of more than 550 pounds, 14 for steer calves 401 to 575 pounds and (1 to 12 for heifer calves 401 to 550 pounds. In western centres, prices on steers of more than 750 pounds were general- ly steady but rose SO cents in Edmon- ton. Prices were steady to SO cents higher on steer calves 401 to 575 pounds except in Calgary where prices dropped Slaughter cattle, steers A-l and A-2: Calgary 47.50 to 49.50; Edmonton 42 to 46.50; Saskatoon 45 to 47.60; Winnipeg 46.50 to 49; Toronto 50 to 52. Heifers, A-l and A-l: Calgary 42 to 44; Edmonton 31 to 42; Saskatoon 40 to 42.50; Winnipeg 40 to 44; Toronto 44 to 46. D-l and D-2 cows: Calgary 19 to 23.25; Edmonton 17 to Saskatoon 19 to 20.50; Winnipeg 19 to 23; Toronto 22 to 24; Montreal 22 to 25.50. Slaughter calves, good and choice veal: Calgary 28; Toronto 37 to 42; Montreal 52 to 65. Feeder steers over 750 pounds: Calgary 32 to 40; Saskatoon 25 to 38.75; Edmonton 30 to 38.50; Winnipeg 35 to 38; Toronto 38 to 42. Feeder steer calves 401 to 575 pounds: Calgary 27 to 35; Edmonton 28 U> 35; Saskatoon 20 to 34; Winnipeg 32 to 36; Toronto 35 to 42. Good lambs: Calgary 33 to 34; Ed- monton 30 to 36; Toronto 43 to 44; Montreal 40 to 45. Index 100 nogs dressed: Calgary 49.SS to 50.35; Edmonton 49.60 to 50.40; Saskatoon 50 to 50.50; Winnipeg 50.15 to 50.65; Toronto 54 to 54.85; Montreal 53.68 to 54.19. REPLACEMENT CATTLE Steer calves, 250 to 400 Ibs., 30.00 to 36.00. Steer calves, 400 to 500 Ibs., 36.00 to 40.00. Steer calves, over 500 Ibs., 33.00 to 38.00. Plain quality steer calves, all weights, 22.00 to 30.00. Hols- tein steer calves 15.00 to 18.00. Feeder steers, under 800 Ibs., 40.00 to 43.60. Feeder steers, over 800 Ibs.. 38.00 to 42.50. Holstdn and sbortkeep steers 40.00 to 42.50. Heifer calves, 250 to 400 Ins., 20.00 to 25.00. Heifer calves, 400 to 500 Ibs., 22.00 to 28.00. Heifer calves, over 500 Ibs., 24.00 to 27.00. Plain quali- ty heifer calves 15.00 to 20.00. Good quality feeder heifers 30.00 to 34.50. Plain quality feeder heifers 26.00 to 29.00. Feeder cows 17.00 to 21.00. HOGS AND DAIRY CATTLE Market hogs, dressed weight, 49.30 to 50.00. Good weaners 15.00 to 22.50. Light weaners 13.00 to 15.00. Feeders, under 100 Ibs., 22.00 to 33.00. Feeders, over 100 Ibs., 33.50 to 52.00. Bred sows and gilts 75.00 to 125.00. Baby calves to 30.00. Light calves 30.00 to 50.00. Butcher lambs 34.00 to 34.50. Feeder lambs 34.00 to 39.25. Good ewes 15.00 to 39.00 (depending on age and Old ewes 3.00 to 12.00. Perlich There were head of livestock sold this week at Perlicb Bros. Auction Market Ltd. Receipts included 2033 cattle, 1112 nogs, and 1147 sheep. SLAUGHTER CATTLE Cl cows 25.00 to 26.60. Dl and D2 cows 22.00 to 24.80. D4 cows 18.00 to 22.00. Shelly cows 10.00 to 17.00. Bologna bulls 21.75 to 26.00. Butcher bulls 40.00 to 41.25. THE STOCKMAN'S MARKET Selected Maine Anjou Sale Mon., OcL 281 p.m. Purebred Bute and PtmtMt, Open and Brad F Transplant Blood IMtar; Blood Buna; Blood Brad and Open Blood Brad Fomatea; 60 group ol mostly Rod Colored Cattto, raproaommg popular Blood Unoa. HOGS SELL Tues., at 1 p.m. Dairy Cows Baby Calves Sheep Special) TuMday, October 2Mh board toot ol T lumber VaflOMC MHIQtftS I Market Hogs Shipped Daily I _______UvaWalghtandDraataclBaahl SPECIAL CALF SALE Wed., Oct 30th -1 p.m. 1200 TOP QUALITY RANCH CALVES EVERY WEDNESDAY IN OCT. NOV. YEARLING FEEDER AND FAT CATTLE AND CALVES Thursday -1 p.m. 1000 HEAD 1000 YEARLINGS and MIXED CATTLE SPECIAL! RANCHERS CALF SALE FRL NOV. 1ST -1 P.M. 1000 HEAD TOP QUALITY CALVES Selected Chianina Sale MOIL, Nov. 41 pJIL with 4 MMcMo jpnwMp of Cows Bred EXOTIC FrLNov.8flMB.il. Famatas Brad To Any Of Trw Exotic Braads (No Clam-up Bulb) Sriwtid Blacks Sill 200 Purebred Built and Females Plus Percentage Females AH Sates by PERLICH BROS. AUCTION MAIIIWT LTD. BOX 1057, LETHBR1DGE T1J4A2 Ptwna Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 .O714SS JOCfCMUCH AUCTIONEERS: aoaauoQ Cranbrook CRANBROOK, B.C. This week's Charolais-cross sale by Cranbrook Sales Point brought return for 627 bead. Prices dropped even from the previous week; good steer calves 474 to 575 pounds were 37.5 to 40 cents, lighter 30 to 35 cents; good heifers 450 to 500 pounds 27.5 to 30; and lighter 21 to 30 cents. Truckload lots totalling 294 head, top stick, are en route to Ontario feedlots, bought by Hartley Cameron there. They joined a calf pool in Alberta for vaccination en route. Over bead in the two October calf sales brought just over a quarter million, compared to more than a half- million for slightly larger volume in 1973. Average return to the farmer per calf dropped from 1243.28 to the current year v Metals LONDON (AP) Friday's closing metals in pound sterling per metric ton; silver in pence per troy ounce. Copper: Spot 580481; futures 598-599 Tin: Spot futures Lead: Spot 231-232; futures 218-219 Zinc: Spot 390-351; futures 344-345 Saver- Spot 217.2-217.7; 3 months 223-223.5 220cm 150cm Think metric Pensez Metric Commission Commission du systeme mfclrique The Herald- Business Toronto gold shares surge Inching to metric Although Canada is slowly inching toward the metric system, conversion will take a little longer than planned. This is because a bill was defeated in the U.S. Congress which would have facilitated a similar conversion in that country. REGULAR CATTLE SALE Regular Monday Sale it 11 i.ra. HOG SALES EVERY WEDNESDAY will Maftot for ItarkMtog Board wid WMMT Mid NO HOGS WILL BE SOLD MONDAYS Stocks close SPECIAL CALF SALE Thursday, October -11 a.m. 500 Haad of good Frash Southern Alberta Ranch STOCK CflW AM MED HBFBI SALE NEXT SALE SATURDAY. NOVEMBER 1Mb at 11 (urn. REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY I Don't be content to accept one offer at home, consign your live- (stock to us, where you are guaranteed to have the Auction Rinc. :ull of Buyers to bid on your product. PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER-DAY OR NIGHT JOHNNY CHARLTON Lie. SatnManaew GARYJENSEN TOUT PEMUCti Ue. 010212 MCTUtt BUTO WCTKIII MARKET I and hag raWng country. CALF SALI Tues., Oct. 29th p.m. and atary Tuasday tharaailar 700 TOP QUALITY RAMCH CALVES by 150 cahras from Sorgaard Ranchas RANCH CALVES FEEDER AND FAT CATTLE Wed., Oct. 30th 1 p.m. 400 TO 500 HEAD CLASSES HOB and DAIRY CATTLE SALE EVERY SATURDAY at 1p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY TncWii Brutal Offer ValMfaaff SffliM ForlMormstionima Uttngt Contort JIM or JOE JURIS Avcfton Uto Avctton imrkM tocaMd 16 north on HWiwty K Phom 732-440B PICTURE 8UTTE TORONTO (CP) The Toronto stock market was lower at the close of light trading Friday. Noranda A rose Itt to 32Vi, Falconbridge Nickel 1 to Bramalea 70 cents to Interprovincial Pipe ft to and Massey Ferguson to United Canadian Shares fell to Toronto Dominion Bank 1 to Aquitaine to Canadian Imperial Bank to and Royal Bank to MONTREAL (CP) Prices were generally lower in light trading on toe Montreal Stock Exchange Friday. While utilities rose .18 to 198.42. Winnipeg grain WINNIPEG (CP) Oilseed prices continued to plunge Friday in moderate activity on the Winnipeg Commodity Exchange. Rapeseed was down the daily limit in most months, while flax also suffered major losses. Corn eased as much as 9V4 cents a bushel in modest activity. Thursday's volume of trade was of feed wheat, of oats, of barley, of cor- n, of rye, 190.OOQ.of flax, and of rapeseed. Closing prices: Flax: OcL 25 lower 11.45B; Nov. 25 lower 11.45B; Dec. 20 lower 1L25B; May 26 lower 11.09B. Rapeseed Thunder Bay: Oct. 20 lower 9.22; Nov. 20 9.19A; Dec. 19K lower 8.88UA; May 30 lower Rapeseed Vancouver: Nov. 20 lower 9.15V4A; Jan. 20 lower 8.97WA; Mar. 20 lower 8.79UA; Jan. 20 lower 8.62A. Corn: Dec. 9H lower 3-9H4B; Mar. seven lower 4.03A; May eight lower 4.04; Jly. seven lower 4.13A. Rye: OcL 4tt lower 3.31MB; Dec. 5% tower 3.344B; May 4% lower 3.47B; Jly. five lower 3.49A Barley: OcL 3ta lower 2MB; Dec. five lower 2.92U; May SVt lower 3.02ttB: Jly. four tower 3.08A. Oats: OcL lower Dec. 1% lower May 2% tower 1.UB; Jly. 1% tower 1.94A. Feed wheat: OcL unchanged 3.86; Dec. 5K tower 337WtA; May 2fe tower 3 Jly unchanged 3.59. banks dropped 6.37 to 217.94, the com- posite .82 to 165.72, industrials .39 to 170.88 and papers .30 to 101.09. Canadian Imperial Bank fell 1% to Imperial Oil class "A" to Total Petroleum to Royal Bank to Bank of Nova Scotia Vt to Abitibi Paper to and Bank of Montreal to City and District Savings Bank rose to Inter provincial Pipe Line Vt to and Canadian Pacific Investments H to VANCOUVER (CP) Prices were light in mixed trading on the Van- couver stock exchange Friday. Closing volume was shares. In the industrials, Cornat was down .15 at on shares Block Bros, was up .10 at on Canterra was unchanged at S3, on and Portcomm was unchanged at JO on Canadian Javelin was down .12% atJ8.37andIonarcwasdown.01at.33. In the mines, Colby was up .14 at on shares. Nortbair was up .01 at on Grandora was unchanged at .43 on and Sonesta was up .01 at .15 on Consolidated Beaumont was unchanged at .34 and Pacific Resources was up .12 at la the oils. Cop Ex was down a half cent at .14 on shares. Sachem was unchanged at .07 on Five Star was unchanged at .04 on and Galveston was unchanged at on Seneca was unchanged at .75 and Payette was down a half cent at .15. By SANDRA INGALSBE The Canadian Press Stock markets headed lower this week amid more worries about an economic recession. Those same worries, however, helped produce a strong surge in gold shares on the Toronto market. Prices opened the week higher and Canadian markets managed to hold their own Tuesday despite a decline at New York. Reports of higher third- quarter profits and some optimism that the forthcoming federal budget would be positive toward business and investment contributed to the gain, analysts said. But, trends at New York again prov- ed to be the biggest influence and Canadian markets slumped at mid- week. Included in the bad news were reports from the United States govern- ment of a slowing economy and increasing inflation. Statements by U.S. treasury secretary William Simon that the economy was in a recession added to investor fears, analysts said. On Friday, markets failed to sustain a recovery generated by news of a decline in prime rates of some U.S. banks to 11 per cent, the fourth reduc- tion in as many weeks from a record 12 per cent Analysts said high interest rates have been replaced by recession as a major market worry. Among major market indicators, the Toronto industrial index fell 2.49 to 163.35 this week, the Dow Jones avarage at New York 18.69 to 636.19 and the Montreal composite index 4.09 to 165.59. The decline in Canadian markets was the first in three weeks. They clos- ed slightly higher last week after one of the strongest rallies of the year dur- ing the second week in October. In sharp contrast to the rest of the market this week, gold shares at Toronto had spectacular gains. The gold index, which measures the perfor- mance of 11 stocks, rose 60.4 points Thursday, largest rise on record, in response to a jump in the bullion price on overseas markets. Economic uncertainty increases the attraction of holding gold, analysts said. Other factors included reports that U.S. authorities would not limit margin buying when Americans are permitted to buy gold, and strikes at several South African gold mines. The gold index closed the week at 441.41, up 86.12. The base metal index rose .94 to 66.57. Western oils fell 2.25 to 145.37. Feed prices WINNIPEG (CP) Wheat Board domestic feed grain prices Friday: 3CW red spring wheat No. 1 feed barley No. 1 feed oats Hog prices EDMONTON (CP) Average clos- ing prices Friday provided by the Alberta Hog Producers Marketing Board. Thursday's average in brackets: Edmonton: 49.88 Calgary: 49.98 Red Deer: 49.96 Lloydminster. Nil Lethbridge: Nil Fort Macleod: Nil Total hogs sold average 49.92. Total sows sold 18, average 32.50. Beef futures WINNIPEG (CP) Live beef futures close Friday. Nov. 47.50N; Jan. 49.10B; Mar. 48.30N. Thursday's volume: No contracts. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds Friday was up 1-50 at 17-50. Pound sterling was up 13-100 at 9-25. In New York, the Canadian dollar was down 1-50 at 69-100. Pound sterling was up 2-25 at 23-100. WANTED SCRAP IRON Now Paying More For All Types Off Scrap Metal Farm Industrial Anything of Irani IRON National Salvage Company LIMITED NEW LOCATION 206-33rd Street North Phona 328-1721 "Scrap is Our Businass" Bonds GOVERNMENT OF CANADA BONDS 5'A% Oct 97.40 9750 8% Jul. 98.25 98.75 VAV. Sept 75.62% Sept 67.50 69.50 3% Sept 15 P 33.00 Apr. 99.13 99.10 35.00 99.18 99J20 7V.% Jul. 1A75 PROV 81 PROWNOAt GUARANTEED BONOS: Ont 7% "88 80.50 Out H NB "90 94.00 96.00 MacLEAN LIVESTOCK LTD. PROVIDES YOU WITH LARGE SHIPMENTS OF FEEDER CATTLE FROM THESE AREAS IN WESTERN CANADA IF YOU CAN USE HEALTHY HIGH GAINING CATTLE EMPLOY US TO BEEF UP YOUR PROFITS PHONE Mac MacLEAN 732-4211 BOX PICTURE BOTTE 82.00 9Vi% "90 9W. "79 "93 77.00 78.00 99.00 99.50 87.00 88.00 84.00 85.00 88.00 89.00 87.00 88.00 91.00 9200 88.00 9900 9830 9300 99.25 91.00 9000 91.00 9500 93.00 9200 9200 9300 93.00 9300 9300 81.00 AcMamfe T88 8400 3900 AftaGas 7'4% "90 11000 Con Gas 5W. "89 6600 Sew R 7V1% "88 70 00 74.OO W03TC 6SOO W TT 7% "91 83.00 NS "92 Oue 7V.% Alta 8W4 "90 Man H 8% S8SH MM 9W. "90 INDUSTRIALS: Ana Gas T "90 Mean 9WX, "99 BC 9WS4 "92 BC Bell Ten Belli Ted CP LW CP Sec CU irrfl West GUHOfl Pipe Massey 9H% "90 9 "90 8H% "90 "90 9V.% to "90 9W, "90 N 8 C Gas "91 Steal "90 TT-C P "90 Tt-C P 10% "90 West Tr SW. "93 Nick MAINE ANJOU SALE MOIL, OcL 281 DJIL Special: 1 transplant heifer Blood Bulls 20-% Blood Females-Bred and Open 40-16 Blood Females Bred 60-Heifer Calves Listing includes an impressive group of mostly red colored came representing popular bloodlines. SALE CONDUCTED AT PERLICH BROS. AUCTHHI MARKET LTD. JOCPEMUCM SOT LaWbrMga Phana 32t-3101 AUCTIONEERS lawioa KMJCH ;