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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 1, 1973, Lethbridge, Alberta g THE LETHBRIDOE HERALD Soturdoy, September 1, 1973 Wholesale price of hogs higher OTTAWA A down- ward trend in the wholesale price of hogs ended tliis as prices at main Canadian live- stock markets jumped as much as a hundredweight, the federal agriculture department reported. The down ward movement began late last week but ended Thursday as the wholesale price of index 100 hogs went irp 40- cents in Winnipeg. ?2 in Ed- monton and cents in To- ronto The lowest puce of 95 was reported in Cateary while the Saskatoon price held steady at World grain supply to be discussed ROME (API The head of the United Nations Food and Agriculture Organization (FAO) summoned the world's major wheat exporting countries to an urgent meeting in Rome Sept. 20. He said he will seek action U> improve the deteriorating world supply of grams The director general of FAO. Addeke Boerma. sa'd is alarmed bv indications that the wheat supply available for ex- port this year and in 1974 will be nine million tons less than j demand. Boerma asked Argentina r Australia, Canada. France and i the United States to attend the meeting arid to send a cabinet member He also asked the Eu- ropean Economic Community and other interested inter-. national organizations to send representatives FAO's annual survev shows The high price w as in Toronto. The price of top-grade slaugh- ter cattle was steady in Toronto and Saskatoon Theie were no top-grade cattle offered in Mon- treal and there Were insufficient sales to establish a price for top-grades in Calgary and Ed- monton Prices for steers in Win- nipeg increased by and was the only price increase recorded for top-grades Prices for all lower grade slaughter animals were steady at Toronto. Montreal and Saska- toon markets. In Winnipeg, cow prices were up 50 cents with insufficient sales to establish a price for vealers cow prices were 50 cents to S2 lower in Edmonton while other low-grade slaugh- ter prices were steady. There 'A ere insufficient sales to estab- lish any slaughter prices in Cal- gary. Feeder cattle prices were steady in Toronto and Edmon- ton with steady prices in Saska- toon and Winnipeg for steers in the 750 ib. class. Prices for steer calves in the 401-575 Ib. and 300-400 Ib classes were S1-S2 lower in Winnipeg. There were no feeder cattle offered in Montreal and sales in Calgary were insufficient to es- tablish a price. A total of 1.544 slaughter cat- tle and 761 feeder cattle were offered at the six livestock mar- The only price established for gosd lambs was in Toronto and was steady at S38-S40. Beef Futures WLXMPEG iCP' Live beef futures close Friday. i Sept 50.50B: Nov 52.00A: Jan 51.00: Mar 42.20N. Weekly livestock report OTTAWA fCP) Wholesale beef and pork pricts continue tie went to feeder orders. Feed-1 steers, er cattle were steady consider- recent declines in all regions but the Maritimes this week, Uie agriculture dspaitment re- ported Friday. Prices for A-l steer carcasses in the west were to S5.82 iower at to a hun- dredweight. Eastern prices were to lower at to But in the Maritimes, the price was up at Wholesale prices for A-l heif- er carcasses in the west were to S6.67 lower at ?88.03 to Eastern prices were goo to lower at to Again. Maritime prices rose to Pork bellies dived S25.50 to to sell at to S93.25 wholesale in the west. Eastern prices were lower at Pork hams were to lower bv in the west, at, to Supplied by Eastern prices were j Doherty McCuaig Limited lower at i GOVERNMENT OF CANADA BONDS ing quality. Lokier Ranch of Scandia sold 44 Angus steers weighing 801 Ibs. for 56.80 Trot- ter Ranch of Scandia received 58.75 for their Charolais steers weighing 800 Ibs. Price quata- tions as follows: SLAUGHTER CATTLE Al and A2 steers 49.00 to 49.20; Dl and D2 cows 34.00 to 35.50: D4 cows 27.00 to 33.00; bologna 'bulls 40.00 to 44.00 REPLACEMENT CATTLE Steer calves, 250-400 Ibs, to 74.75; feeder steers, under Ibs, 57.00 to 60.25: feeder over 800 Ibs., 50.00 to 58.75; Holstein and shortkeep steers 45.00 to 49.00; Heifer calves. 250-400 Ibs., 60.00 to 70.00, 400-500 Ibs.. 51.00 to 54.50; feeder heifers 49.00 to 52.50; feeder cows 32.00 to 36.00 HOGS ANP DAIRY CATTLE Market hogs, dressed, weight, 59 55 to 64.60; live weight, 49.55 to 50.00: good weaners 20.00 to 26.50: light weaners 13.00 to 19.00; feeders, under 100 Ibs., none on offer; over 100 Ibs., none on offer; bred sows and gilts 14200 to 187.00; baby calves 67.00 to 120.00; Kght calves 130.00 to 185.00. Bond prices VEAL PRICES VARY j Veal prices were g with western prices lower to I S1.29 higher, at to Eastern prices were lower 3 e 6V' Making a call end taking his fhiee-wee caif for a walk at the same time was Ed Sandham, who is showing cctt'e at the Canadian National Exhibition in Toronto. Coif was running i of air. a temperature from being in a hot buildina and taken for a 300 to 500 HOGS SELL TOES., of 1 p.m. ALSO -DAIRY COWS -BABY CALVES -SHEEP Market Hogs Shipped Daily YEARLING AND FAT CATTLE AND CALVES Thursday 1 p.m. 1000 HEAD 1000 Highlighted by TOO GREEN YEARLING STEERS from one owner CONSIGN NOW! GIGANTIC EQUIPMENT AUCTION September 22nd at 10 o.m. For further information eontoc' TONY VIRGINIUO 345-4291 or the AUCTION MARKET ALBERTA SHEEPMAN'S SHEEP SALE LAMBS RANGE EWES RAMS Including several Herd Dispersions Wednesday, Sept. 26fh at p.m. and Friday, October 19th at p.m. UST EARLY All BREED REGISTERED AND GRADE HORSE SALE HORSE SALE Fri., Oct. p.m. GRADE HORSES Fri., Oct. 5 p.m. REGISTERED HORSES listing Deadline Sept 10 Sat. Oct. a.m. GRADE HORSES PERLICH BROS. AUCTION MARKET LTD. Located in the Hub of Southern Alberta's Livestock Induttry 3 eait of Lethbridge on Highwoy 3 and mile BOX 1057, LETHBPJDGE PHONE DAY OR NIGHT 328-3951 Wheat Board decision end for futures trade to higher, at to 1 Lamb carcasses also were un- even. Western prices were SI lower to higher at to Eastern prices w ere i 54.17 lower to steady at to Receipts of slaughter cattle and calves at the public stock- i jjr i yards declined more 4.000 j >jfy i head this with about 11.350 j 5. j on offer. The rail strike and Quebec i bad weather in the east caused j-------- the reduction. Steers and heifers V..-IP in j light supply with markets unable to establish quotations because oi few sales. Early and I mid-v.eek trading was dull to moderate, with price declines of 52 for steers and S3 tor heifers in Toronto. Western markets held steady, with good demand for light supplies. Receipts of ieeder calves de- clined more than 4.300 head to about 8.400. They sold et steady prices under good demand. Slaughter cattle, steers A-l and A-2: Calgary 4950-51.10, Saskatoon 49-50.50. Winnipeg Oct. 1, I, 1. '83 78.25 Sept. 1. '92 78.00 Sept 15 Perp 33.50 April 1, '75 98.50 '75 96.00 97.00 '78 101.00 102.00 78 7.3 80.00 40.50 99.50 Albert a Man Hyd 8 Sask Nfld 9% AGT 8 Man Tel 8 '90 102.00 104.00 "91 97.00 98.00 '90 101.00 103.00 '90 103.00 105.00 74 99.50 100.50 '74 99.50 100.50 INDUSTRIALS July 1, '75 99.50 100.50 PROVINCIAL I GOVERNMENT OF CANADA GUARANTEED BONOS j Alberta I Ontario 7 9 9'-.! '90 101.50 103.50 "83 37.00 89.00 '94 102.00 104 00 "90 103 00 107.00 74 99.00 101.00 80.00 82.00 99.00 101.00 9% 9V 81V' 9V 9V '92 '74 Liilisted stocks lower Alta G Alcan B.C. For B.C Tel Bell Tel Bell Tel CP Ltd CP Sec Cdn Util C W N G 9V Galf Oil 8-V Inter P P 9-V Aorar.da Intl Nickel 9V -V and C G 9k' S: of Cdn Tr Cdn P Tr Cdn P 10'- WC Tr '90 101.00 103.00 '91 103.00 105.00 '92 103.00 105.00 '90 101.00 103.00 '79 102.00 104.00 '93 103.00 105.00 '89 99.50 101.50 '90 103.00 105.00 '91 104.00 106.00 '90 104.00 106.00 '90 99.00 101.00 '90 101.00 103.00 "80 103.00 105.00 '90 102.00 104.00 '90 102.00 104.00 '93 102.50 104.50 "90 102.00 104.00 '90 1C3.00 105.00 '90 105 00 107.00 '93 94 50 95.50 Alt a G T 7Vz" Ccns Gas nasH 7 Ac.ciar's 7': CONVERTIBLES Scur Ra.n 7! WC Tr C 3V Tr 7V- 2-54. Montreal and A-2. Cal- Toronto 49-51; I WTKNTPEG (CP) The Ca- nadian Wheat Board began sell- ing milling oats on a cash- only basis this week, a move many traders believe to be the of delivery time, while sellers j see if a market can be kept are able to guarantee after the wheat board selves an advance price for their commodity. stops trading in oats and bar- ley futures. beginning of the end for trading I tures trading in feed grains is 1 hi oats and barley futures. based on the fact that the Cana- 1 dian Wheat Board has been the only seller of oats and barley Pessimism with respect to fu- "But it's hard to be opti- A Canadian Wheat Board spokesman, D. L. Treleaven, said the board will extend the cash-only policy to feed oats and barley when the new federal feed grain policy takes effect, probably in mid-September. NO PURPOSE "There will be no possibility of a futures market after thaW it just wouldn't reflect any- at the exchange. Though fie Wheat Board does not make <'blic the daily trad- ing volumes of oats and barley contracts traded at the ex- change, they ai-e believed to constitute about half of Winni- peg trading in grain futures. C. F- Edwards, chairman of said Mr. Treleaven, as-; Winnipeg Commodity Ex- sistant chief commissioner of the board. Under the proposed federal policy, feed grains prices will be set by the wheat board as they are now, but will be based on world prices, and on the price of American corn rather than on futures market prices. A futures contract is an agreement to deliver a specific quantity of a commodity or grain during a specified future month. Quality of the commod- ity or grain and place of de- livery are also spelled out in the contract. Futures contracts enable buy- ers to assure themselves of a supply of a commodity at a price established months ahead change, said the directors will he said. Oats and barley futures have been traded here ever since the Winnipeg Grain Exchange opened in 1837. Tome Home of Richardson Securities, a veteran of 46 years of trading at the exchange, said, "the whole picture is so confused it's ridiculous. East- ern feeders don't know what to do about buying feed and we cant tell tnem. 'inis IOOKP MKB the finish of the futures market in oats and bat-lev." 51-53; Toronto i 50-54.25. Heifers, A-l gary 43 50-49 fiO I Montreal 48-51. D-l and D-2 cows- Calgary i 34-35.70; Edmonton 35-36; Sas- katoon 34-36 Winnipeg 35.50- 37.50; Toronto 35-37. Slaughter calves, good and choice veal; Edmonton 53-58; Winnipeg 60-70; Toronto 51-62; Montreal 67-77. Feeder steers over 750 pounds: Calgary 48-54.70: Ed- monton 48-56; Saskatoon 48.50- 56; Winnipeg 52-55; Toronto 50-58. j Feeder steer calves 401-575 pounds: Calgary 59-69; Edmon- ton 56-63; Saskatoon 54-64 Win- nipeg 58-63; Toronto 58-63. Good lambs: Edmonton 32- 33.50; Winnipeg 33-34.75: Toron- to 38-42: Montreal 40-45. Index 100 hogs dressed: Cal- TOKOXTO CCPi Price.-- on the over-the-counter market were generally lower in light trading. In industrials. Henninger' Brewery common fell SI to i bid and S13.50 asked, i Dataline 50 cents to 85.75 laid and asked. Corporate Properties 25 cents to S3 bid '90 120.00 130.00 '89 80.00 83.00 '82 102.00 S3 00 100.00 "88 S2.00 54.00 '88 71 00 74.00 '91 96.00 98.00 G rain quotes CHICAGO fAP) Grain and S3.50 asked. Electronic As- sociates 25 cent's to S3.25 hid and asked and Global Units 25 cents to bid and asked. Laidiaw wan-ants gained to bid and no asked, Dis- trict Trust to bid and SM asked, CPI common 25 cents to bid and asked. Con- solidated tiesearch 25 cents to bid and asked and Creative Patents 25 cents to bid and asked. In mines and oils, Canadian Siam was down 25 cents to bid and asked, Inter- national Baslen 10 cents to 30 cents bid and 50 cents asked, Portfield 10 cents to 25 cents bid and 35 cents asked, Ma- nadarin seven cents to 33 cents Wheat: Sep 4.93. Dec 4.98, liar 4.89, May 4.65, Jul 3.75. Corn: Sep 2.49V2, Dec 2.32, Mar 2.55; May 2.57, July 2.56. Oats: Sep 1.12, Dec 1.183H, Mar 1.23. May 1.24 .Tuly Gold futures VJCflPEG (CP) Gold fu- tures. U.S. funds, Winnipeg Commodity Exchange close Friday. Oct 73 104.50B: Jan 74 107.90: Apr 74 110.60B; Jly 74 _ 1M.60 Oct 74 118.25A. Thursday's volume: 29 eon- tracia. Grain price review Winnipeg grain WINNIPEG (CP) Most prices moved higher in an ac- tive trade al the close Friday of the Winnipeg Commodity Ex- change. Feed grains moved mostly upward in moderate trade while rapeseed prices were fairly steady. Flax made good gains. Friday's volume of trade was flax bushels, rys and rapeseed Overseas clearances of Ca- nadian wheat included 389.000 REGULAR CATTLE SALE NO SALE MONDAY, SEPT. 3rd LABOR DAY NEXT SAIE MON.f SEPT. 10 CHANGING SALE SCHEDULE Effective September 19 we wilt be assembling butcher hogs for the marketing board on Wednesdays. Also we will be selling weaner and feeder hogs and baby calves on Wednesday at 1 p.m. REGULAR CATTLE SALES CONTINUE ON MONDAYS Don't be content to accept one offer it home, cons'gn your livestock to us, where you are guaranteed to the Auction Ring full of Buyers to bid on your product. PRAIRIE LIVESTOCK LTD. PHONE 223-3921, TABER DAY OR NIGHT Auctioneer JOHNNY CHARLTON lie. 293 Sales Manager GARY JENSEN bushels to Brazil, 110.000 to Britain and to Russia. Closing prices. Flax: Oct. 60 higher 9.23B: Xov 60 higher 9.10B. Dec. 60 higher 9.08B, May 60 higher 9.07B. Rapeseed Vancouver, Sept. unchanged 5.78, Nov. 9Vs lower Jan 13 lower 5.64, March 14 lower 5.63. Rapeseed Thunder Bay: Oct 6 lower 5.50, Nov. unchanged 5.40A, Dec. 1 lower May 2 lower 5.21A. Oats: Oct. 7'8 higher 1.48- Dec. 6% higher 1.42B, May 1 lower 1.41B, July unchanged 1.37A. Barley: Oct. 78 lower 2.39. higher 2.34y4B, May 1% 2.33A, July unchanged 2.30A. Rye- Oct. 10 higher Dec. 10 higher May 10 higher 2.70B, July 10 higher 2.64B. Grain quotes Friday (basis High Close Flas Oct 923 903 923 Nov 910 883 910 Dec 908 870 908 May 907 907 Rapeseed Vancouver Sep 581 575 578 Nov 576% 564 566% Jan 578 561 564 Mar 577% 559 563 Rapeseed Thunder Bay gary 58.25-61.75; Edmonton bid and 38 cents asked and Dec-' 58.75 61.50, Saskatoon yl 90 to I ade five cents to 35 cents bid 63.80: Winnipeg 61.65-64.05: To- j and 50 cents asked. ,j Bulora rose 15 cents to bid and asked. Peirides 15 cents to 90 cents bid and asked. Robin Bed Lake 15 cents to S2.60 bid and asked. IJ 1 ronto 63.05-65 50; Montreal 57. Perlich Auction There were 986 head of live- stock sold this week at Perlich Bros. Auction Market Ltd. Re- ceipts included 626 cattle and 360 hogs. Majority of slaughter cat- Gowganda 12 cents to 35 cents bid and 40 cents asked and Sturgex nine cents to 46 cents SAND GRAVEL ASPHALT TOLLSSTRUP SAND AND GRAVEL Construction Co. Ltd. 4 4 4 328-2702 327-36TO FEEDERS FARMERS WELDERS HANDYMEN HOMEOWNERS tarry o complete stock of STEEL IN HATS ANGLES CHANNELS BEAMS WIDE FLANGES RAilS ROUNDS SQUARES PLATES SHEETS RECTANGULAR AND SQUARE TUBING REINFORCING STEEL _ WIRE MESH PIPE GALORE FOR FENCE POSTS CLOTHESLINE POLES CARPORT COLUMNS OR FOR ANY OTHER USE YOU MAY HAVE. TONS TO CHOOSE FROM Bring in your truck and load up at bargain prices We also deliver locally in yoi-r scrap steel cast iron batteries radiotors copper brow and net the best trade value ever We also pay cash! STEEl YARD LOCATION 2808 2nd N. SCRAP LOCATION 3402 2nd Ave. N. Oct NOT Dec 550% May 526 Oats Oct 148% Dec J42 May 141 Jly Barley Oct 240 Dec 234V4 May Jly Rve Oct 265V? Dec May 270 Jly 555% 548 500 521 144% 141 140% 233% 232% 2fi5% 261 270 550 540 500 521 148% 142 14) 137 239 234% 233 230 265% 261 270 274 PICTURE BUTTE AUCTION MARKET Ideolfy located in the centre of o large cattle Feeding and Hog Raising Country Service! Available FEEDER CALF AND FAT CATTLE WED., SEPT. 400 HEAD Highlighted by 100 HEAD MIXED YEARLIMGS from ope owner Trucking Branding Vaccinating Order Buying Government Veterinary Feeding Pens KOG and DAIRY CATTLE SALE Saturday at 1 p.m. AAARKET HOGS ASSEMBLED MONDAY THRU FRIDAY r information and JIM OT JOE JURIS 732-4400 contact pjcfurt _ Butts ___________Auction market located 16 north of l.thbridge Highway 75 ;