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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 14, 1974, Lethbridge, Alberta Saturday, September LETHBRIDGE HERALD-25 OTTAWA (CP) Receipts of slaughter cattle and calves at nine public stockyards totalled this week, up the federal agriculture SCHWARTZ AGENCIES (1972) LTD. HAROLD FOX We did it again! The Action Agency produces results and Harold was the top producer in July for the M.L.S. Sales Reps. He won our Agency competition and the M.L.S. competition, and we congratulate him for his suc- cess. We also congratulate the Lethbridge Nlorcrest Little League Baseball Team for their terrific showing in the Canadian Finals. Mortgage money is tight, but the Action Agency is hitting homers by solving real estate problems in many professional ways. Call Harold or any of the Action Team at 329-3331._________________ Livestock Ottawa department said Friday. Feeder cattle and calves totalled 9.225, up 1.750. Sheep and lambs were up 675 to 3.425 head. Prices on A-l and A-2 steers dropped in Toronto under good to moderate demand. A-l and A-2 steers brought good demand and steady prices while D-l and D-2 cows sold steady under active to strong trading. Vealer calf prices were steady. In western centres prices on A-l and A-2 steers dropped to under moderate demand. Prices on A-l and A-2 heifers rose 25 to 50 cents in Winnipeg and Saskatoon under active trading but dropped 50 cents to in Alberta centres under moderate demand. Prices on D-l and D-2 cows dropped 50 cents to in all centres. Moderate demand for steers of more than 750 pounds brought steady prices. PRICES VARY In western centres, most trading took place at Edmonton where prices on steers of more than 750 pounds dropped under moderate demand and heifers of more than 550 pounds dropped Prices on steer calves 401 to 575 pounds and heifer calves 401 to 550 pounds rose in early trading, offset by a loss at market close. Good lambs in Toronto sold at moderace demand for a loss. Index 100 hog prices in Toronto rose in early trading but dropped 90 cents later in the week. Prices in Winnipeg rose early in the week then dropped Prices KERBER FLOORS 1251 2nd Avenue South Phone 327-0023 SEMI-ANNUAL Hi H SEMI-ANNUAL ENDROLLS REMNANTS CONTRACT CARPETS VINYL SHEET GOODS Open Thursday and Friday till 9 p.m. POLEAAUOTION HOWiy, SEPT. 16-5 IUK (Following Coverdale Farm Sale) 93Z POLES Various Lengths 2170 CROSS ARMS Quantity of Steel Wire SALE CONDUCTED BY Perlich Bros. Auction Market Ltd. Located in the hub of Southern Alberta's Livestock Industry 3 miles East of Lethbridge on Hwy. 3 and mile South Phone 329-3101 P.O. Box 1057, Lethbridge AUCTIONEERS JOE PERLICH BOBBALOG TONY PERLICH Lie. 010293 Lie. 067454 L'C- 010292 COVERDALE FARMS KARL AUCTION SALE Located on the site of Southern Alberta Drilling Ltd., on the North Side of FOREMOST, ALBERTA Monday, Sept pi sharp TERMS CASIT LUNCH SERVED COMBINE: 151 15 tt.SP Combine 12 ft. pickup. TRUCKS: i Chev. No. 60 1974 three ton truck with new gas city welding steel grain box and hydraulic hoist, radio, power steering. 8.25 x 20 front 900 x 20 rear tires, less than 5000 miles, this truck is in showroom condition throughout: 1 Ford F100 1974 Ford ton truck. 6 cylinder motor, standard transmission, radio. 10.000 miles: cu. yd. gravel box and hoist: Dodge 2 ton truck grain box and hoist. TRACTORS: 1 International TD18A crawler tractor, in excellent condition. 4 hydraulics, approximately 2000 hours and always used lor agricultural work: 1 international 1206 Diesel tractor, cab and cooler. P.T.O.. dual hydraulics, good condition: 1 International 660 Oiesal tractor with cab. good condition, 4000 hours. INDUSTRIAL TRAILER: 1 Atco Industries Flagliner. 30 loot tilting deck trailer, tri-axte. electric brakes on all 6 wheels, spare wheel, iront end jack, tool box. two years old. HARVESTING EQUIPMENT: 1 McCormirV model 181 S.P. combine, power steering, pickup. 18 'ool cutting table; 1 McCormick model' 127 S.P. combine with pickup: 1 McCormick model 161 S.P swalher. 16 Jool: 1 M.M. 14 Jort pull swather. MACHINERY a EQUIPMENT: 1 Graham 30 tool wing Hype heavy duty cultivator, with hydraulic wing CJinard rod weeder attachment, 1 John Deere 1100 series surWex disoer. 22" pans; 2 WlcCoranick model K 14 foot press drills, duplexed with hitches: 2 WlcCormicti model K 14 Jool press drills; 5 Crown picker; 1 Vclory. three standard Wade. 21 Jool; (I International -No. 50 chisel plow witti rod weeder attachment 2 International 12 loot rod weeders, duplexed: 10 John Deere Hex- harrow sections and hitch; 1 Robin 27 loot grain toadcr wilti Briggs X Slrallon engine; 2 IMC 14 centre rod weeders: 1 MF Mo. 36 disoer wilti seeder box 1 JeoHroy 181ool chisel plain; fl. sections el CC1L rolary harrows. 4 sections ol CC1L flexible harrows. TANKS: 1 1000 gallon steel water tank. gallon 1uel tank and stand; 1 100 gallon portable fuel tank and pump; plus many miscellaneous items including tools, hydraulic rams, pumps, etc Also a large selection ol used household appliances. gatlon Juel Slip tn h p. gas engine. Ttw dMcriptton at to condition or tMmmtm M Ml forth on Mffl it end is in no wqr or OMrantM, or imolted. Mrtlhor Hit foetHmvfi or tht owner mn> wr cny in owcriptlor) or oofitfHton. SALE CONDUCTED BT POUCH BROS. AUCTHN MMKET LTD. Bex 1057, Compa JOEFEMUCH BOBBAIOO 010293 lie 067454 Office Phone 329-3101 UcenM 07149S COTORSHEB TOMTPEftUCH tte 012467 010292 PhoM M7-2201 S45-WS2 rose in Saskatoon, dropped 25-30 cents in Calgary and dropped 50 cents in Edmonton. YARD PRICES Slaughter cattle, steers A-l and A-2: Calgary 46.75-9.20; Edmonton 44-47; Saskatodn 45-49: Winnipeg 48-50.50: Toronto 51-54. Heifers, A-l and A-2: Calgary 42.50- 44: Edmonton 39-41.50; Saskatoon 39- 44.25; Winnipeg 40-40.50; Toronto46-48. D-l and D-2 cows: Calgary 19-22: Edmonton 18-20: Saskatoon 20.50-22.50: Winnipeg 21.50-23.50: Toronto 23-24; Montreal 24-26.50. Slaughter calves, good and choice veal: Saskatoon 35-38.50: Toronto 45- 50; Montreal 50-58. Feeder steers over 750 pounds: Calgary 34-40; Edmonton 34-38; Saskatoon 28-40: Winnipeg 36-40; Toronto 38-44. Feeder steer calves 401-575 pounds: Edmonton 27-32; Saskatoon 23-32.50; Winnipeg 35-38. Good lambs: Calgary 30-34; Edmonton 34-37; Saskatoon 33.60; Toronto 43-47. Index 100 hogs dressed: Calgary 51- 52.65: Edmonton 51: Saskatoon 51.40- 52.40; Winnipeg 51.90-56.35: Toronto 56.90-58.40: Montreal 57.15-57.35. Perlich There were head of livestock sold this week at Perlich Bros. Auction Market Ltd. Receipts included 650 cattle and 698 hogs. Cattle and hog market were strong and active. All classes of cattle met an improved demand from local feeders and .rder buyers. Price quotations as follows: SLAUGHTER CATTLE Al and A2 steers 46.75. Al and A2 heifers 40 to 43.20. Dl and D2 cows 21 to 23.40. D4 cows 17 to 20. .Bologna bulls 23 to 24.55. REPLACEMENT CATTLE Steer calves 250-400 !bs. 34 to 38.50. Steer calves 400-500 Ibs. 31 to 35.40. Feeder steers under 800 Ibs. 37 to 41.20. Feeder steers over 800 Ibs. 38 to 45.10. Holstein steers 25 to 30. Heifer calves 250400 Ibs. 26 to 35. Heifer calves 400-500 Ibs. 27 to 33. Feeder heifers 30 to 35. Feeder cows 19 to 22. HOGS, DAIRY CATTLE Market bogs dressed weight 50.30 to 52.60. Good weaners to 17. Light weaners 7 to 10.50. Feeders under 100 Ibs. 18 to 30.25. Feeders over 100 Ibs. 25 to 44.50. Bred sows and gilts 70 to 102. Light calves 54 to 61. Alberta grain EDMONTON The Alberta .Grain Commission in its weekly report Friday said prices on barley generally slightly lower while wheat and oats strengthened in the north. Lethbridge and district prices ranging wheat J3.50-J3.60. oats and barley S2.60-J2.65. Medicine Hat Brooks reported wheat oats and barley The Calgary area wheat oats and barley, Red Deer and district wheat oats and barley The Vermilion report quotes wheat oats and barley Edmonton prices wheat oats and barley The Peace River district wheat oats and barley Feed corn J4.50 per bushel f.o.b. Calgary. Beef futures WINNIPEG (CP) Live beef futures close Friday. Sept. 48.00B: Nov. 48.50N: Jan. 48.00B: Mar. 48.50N. Thursday's volume: No contracts. Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices Friday: 2 CW No. 1 red spring wheat 4.01'4: No. 1 feed oats 1 98'i: No. 1 feed barley Dividends By THE CANADIAN PRESS Richard Costain (Canada) Ltd.. five cents. Oct. 17. record Sept. 30. Dam Development Ltd.. five cents. Oct. 25. record Oct. 10. Dome Mines Ltd., 20 cents, increase of five cents. Nov. 29. record Sept. 30. Oil Corp., 20 cents. Jan. 2. record Nov. 29. Gnlf Oil Canada Ltd.. 20 cents. .Ian 2. record Nov. 29. Levy Industries Ltd.. 6-pcrcent class A pld.. 18 cents, interim. Sept. 30. iccord Sept. IS. Disillusioned investors keep away market Chicago markets Bv WENDY ROSEN THE CANADIAN PRESS Despite j rally Friday, tremendous losses in the gold mining sector on ma- jor Canadian and United States slock markets set the pace for an across-the- board drop in all groups this week. Observers say the fluctuating selling-buying rampage of gold shares is due to sharply lower bullion prices on the Kuropcan markets together Bonds GOVERNMENT OF CANADA BONDS Oct. 96.25 96.35 8% 95.75 96.25 Sept 72.25 72.50 Sept 65.00 66.00 3% Sept 15 Perp. 31.00 33.00 614% Apr. 98.53 98.56 Jul. 98.45 98.60 PROV. PROVINCIAL GUARANTEED BONDS: Alta '90 87.00 88.00 Ont 7% '88 75.50 76SO Ont H 9% '94 86.50 87.50 NB '90 90.00 91.00 NS '92 66.00 67.00 Que 74 98.75 Alta '90 77.50 78.50 Man H 8% '91 87.00 88.00 Sask '90. 99.00 Nfld '90 99.75 AGT 8% 74 99.75 MGT 8% 74 99.75 INDUSTRIALS: Alta Gas '90 86.00 Alcan '91 87.00 BC Forest '92 88.00 BC Tel :90 98.00 Bell Tel 79 96.00 Bell Tel '93 89.00 CP Ltd '89 99.00 CP Sec '90 87.00 CU Intl '91 86.00 CWNG '90 87.00 Gulf Oil '90 93.00 Inter Prov '90 88.00 Massey '80 89.00 Noranrja '90 87.00 Intl Nick '90 87.00 NSC Gas '91 94.00 Steel '90 87.00 Tr-Cda P '90 87.00 Tr-Cda P 10% '90 89.00 West Tr '93 76.00 CONVERTIBLES Acklands '88 81.00 86.00 Alta Gas '90 93.00 Con Gas 5V4% '89 58.00 63.00 Scur R '88 60.00 70.00 W Tr C 5V4% '88 62.00 64.00 W Tr 7Vi% '91 75.00 77.00 Egg prices EDMONTON (CP) Weekly'egg and poultry report issued Friday by the federal agriculture department: EGGS: To producers: A large 71: A medium 69: A small 50; B 55; C 18, cracks 27. To retailers: A large 81-85: A medium 79-83: A small 60-68. To consumers (in A large 84-98; A medium 79- 90: A small 75-77. POULTRY: To producers: Live No. 1 chicken broilers. 36: 6 and over, 5 and under six. 34.- Fowl under Live No. 2 chicken 6 and over. 3614. Turkey under 12. 40, 12 to 18, 40; over 18. Winnipeg grain WINNIPEG (CP) Trading was somewhat lighter Friday than in previous days this week but prices, with the exception of Thunder Bay were generally lower at tte close of the session on the Winnipeg Commodity Exchange. Thursday's volume of trade was 376.000 bushels of feed wheat. 1.312.000 of oats. 3.564.000 of barley. 49.000 of corn. 1.324.000 of rye. 130.000 of flax and 1.720.000 of rapeseed. Closing prices; Flax: Oct. 30 lower 11.85A: Nov. 30 lower 11.62A: Dec. 30 lower 11.45A: May 30 lower 11.16A. Rapeseed Thunder Bay: Oct. 14 higher 8.52: Nov. 18 higher 8.36A: Dec. 20 higher 8.22A: May unchanged 8 OOB Rapeseed Vancouver: Sept. four higher 8.59B: Nov. two lower 8.53A: Jan. unchanged 8.46A: March higher 8.38. Com Montreal: Dec. five lower 3.7IB: March four lower 3.79A: May four lower 3.85A: July lower Rye: Oct. three lower Dec. three lower 2.80: May lower 2.87B; July seven lower 2.85A. Barley: Oct. lower Dec. three lower 2.91'i: May 3% lower 2.98'iB: July unchanged Oats: Oct. unchanged 1.98'i; Dec. two lower 191'iB: May two lower I.96A: July unchanged 1.SSN. Feed wticat: Oct. unchanged 4 OP4; Dec. 'i lower 3.97'iA; May unchanged 4.WX: July unchanged 4.00N. Grain quotes Fridav (basis Lakcfceadt: LARGE SOW OPERATION Willing to place weaner pigs for feeding by indi- vidual with feeder barns. Guaranteed income on a per pig basis. For more onformation con- tact: George Ens, 327-0854 BEATON FARM RANCH LTD. New Dayton, Alberta, Canada TOK 1PO Stnrfci far MijeT FinctitfS EMHC dlftt HfUiai vifiKvienlCiNi CAwlfV welllN anywhere in Canada and U.S. A. with the influence of a small but respected U.S. investment firm that last weekend advised its clients to cash in their gold holdings. Since most gold shares on the New York slock market are also listed on tin- Toronto market, where 70 per cent ol all Canadian transactions occur, the linn's advice was the catalyst for the worst single-day loss on record Mon- day at Toronto. When the I inn announced Friday it was considering reversing its stand because ol bargain prices in some issues, the gold index, along with other indexes, soared higher for the first time this week. At Toronto, the gold index closed at .95 Friday, down 102.07 points on the week. It has dropped 257.73 points from ils all-time high set April 2. News from Statistics Canada that the consumer price index rose one per- cent in August with food and housing prices leading the way contributed to the drop in market indexes across Canada. The Toronto industrial index dropped 10.34 points on the week to close Friday at 153.15. a low since July 16. 1970. The index, widely-based indicator of market trend, lias fallen 32.45 points since all sectors were hit hard five weeks ago: 74.78 points from its highest level this year, and 84.84 points from its all-time high set Oct. 29.1973. The Montreal industrial index lost 4.H4 points to close the week at 174.90 while the composite index closed Fri- day at 167.21. down 4.03 points. Ame: ican observers say the release of higher wholesale price figures for August caused the New York market to lose, ground. The figures indicate that retail prices will rise and make controlling inflation more difficult. In addition, they say. investors are disillusioned that the market has had a substantial advance and that this, com- bined with general nervousness about the economy and political doubts concerning President Ford's credibility, is pushing them further away from the marketplace. The Dow Jones average of 30 in- dustrials lull 50.70 points on the week to close Friday at 627.18. a low since Nov. 19. 1962. At Toiontu. resource industry groups were sharply lower. Base metals lell 4.04 points on the week to close Friday at 64.54. a low since July. 1964. while western oils dropped 13.39 points to close at 127.16. a low since July 16. 1970. Volume lor the week was 9.4U million shares woi th million compared with (i.47 million shares and million last week. At Montreal, volume was 3.19 million shares worth million rompaied with 2.37 million shares and 48 million last week. Metals LONDON (AP) Friday's closing metals bid-ask in pounds sterling a metric ton: silver in pence a troy ounce: Copper Spot 604-605: futures 624.5- 625. Tin spot futures 3.455. Lead spot 230-231: futures 223.5- 224. Zinc spot 381-382: futures 385-386. Silver spot 171-171.5: 3 months 175.5-175.7. Gold futures WINNIPEG (CP) Gold futures. U.S. funds. Winnipeg Commodity Exchange close Friday. 4M-OUNCE CONTRACTS: Oct 74 153.25B; Jan 75 160.00A; Apr 75 166.00A; Jly 172.50A: Oct 75 179.00A. Thursday's volume: 314 contracts. 100-OUNCE CONTRACTS: Nov 74 155.00: Feb 75 161.50: May 75 168.60; Aug 75 175.60A: Nov 75 182.00A. Thursday's volume: 53 contracts. PHI-CHRISTMAS SPECIAL V P UPHOSTERY.. OFFERS 1. 2. Tear down to frame 3. Check frame and repair H needed 4. Check 5. Re-pad 6. Re-cover to satisfaction All for My 1 .CD Lifer. MiHriils ntn. ALL WORK FULLY GUARANTEED "Quality and aim" PICTURE BUTTEAUCTIWI MARKET Ideally located hi the centre el a large cattle feeding and hog raising country. RANCH CALVES FEEDER AND FAT CATTLE WED. SEPT. 18th 1 P.M. 20010 300 OHMS If WtH H06 and DAIRY CATTLE SALE EVERY SATURDAY at 1p.m. MARKET HOGS ASSEMBLED MONDAY THRU FRIDAY TrucWni VactiiitiBi Or4tr POM For Information and Listings Contact JIM or JOE JURIS Picture Butte Auction Marhel-Pictiire Bune, Alberta Auction market located 16 miles north ol Lethbridge on Highway 25 Phone 732-4400 PICTURE BUTTE CHICAGO (AP) Soybean and soy- bean oil futures pushed to limits for one session on the Board of Trade Friday, but profit-taking in the last few minutes trimmed the gain a few pen- nies. Corn futures fell around 8 cents a bushel and oats were down the limit ol 6 cents. Wheat futures were little changed to about 5 cents lower. All commodities on the exchange came under early selling pressure mostly of a profit-taking nature on re- cent advances and as evening up on this session of the week. Minutes later, a light commercial demand developed in soy oil. The top was reached within minutes and prices were locked at that level to the end ot the session. Similarly, a commercial demand developed in soybeans on reports that the cash price for oil had tightened. The limit advance was attained after noon. Soybean meal trade was con- siderably lighter and' apparently not inlluenced bv sovbeans and oil. Some buying in soybeans was linked to tears of Irost this weekend and, fora time, some support in corn was attributed to the weather. Late in the session, alter oats had fallen the limit, heavy selling developed in corn and prices retreated to beyond opening levels. At the close, soybeans were 9 to 17 cents a bushel higher. Sept. 7.81; Chicago wheat was unchanged to 5 lower. Sept. 4.36: Gull hard red wheat was not traded: corn was 6 to 8'z lower. Sept. 3.50 and oats were a'j to 6 lower. Sept. 1.72'z. Gold prices LONDON (AP) Friday's closing gold prices in U.S. dollars an ounce: London 153.00 Paris 156.37 Frankfurt 154.00 Zurich 153.00 Hong Kong 150.63 Beirut 1963 a kilo. WANTED SCRAP IRON Now Paying More For All Types Of Scrap Metal Farm Industrial Anything Made of Iron! IRON Truck Crane Service National Salvage Company LIMITED NEW LOCATION 206-33rd Street North Phone 328-1721 "Scrap is Our Business" THE STOCKMAN'S MARKET Monday, Sept. 16 p.m. COVERDALE FARMS AND R. KARL AUCTION SALE FOLLOWED BY A.G.T. POLE AUCTION See Page for Listings HOGS SELL Tues., at 1 p.m. 3 Dairy Cows Baby Calves Sheep Market Hogs Shipped Daily I Live Weight and Dressed Basis YEARLING FEEDER AND FAT CATTLE AND CALVES 300 1 mcrndi joritt detrs Thursday -1 p.m. 500-HEAD-500 YEARLINGS and MIXED CATTLE ALBERTA SHEEPMEN'S LAMB-RANGE EWE AND RAM SALE Fit, Sept. 20th 1 p.m 1000 TO 1500 HEAD u _.o EWES OF VARIOUS AGES Neat Sale Fnday, Oct. 18 pLUS RAT AND FEEDER LAMBS at p.m. For further iiifofiuaUoii contact; JERRY H. KATON-PNti (403) 7334541 REGULAR CATTLE SALE Rtfiriir Mindly Sale HOG SALES EVERY WEDNESDAY We vW be MawtaM for tne NO HOGS WILL BE SOLO MONDAYS SEPT. IN) NT JIM. food S.C. di JfaWlOlFSALE-TrllrttMT, fXTOKn A 1. ADQ vvatty Tfiuraoetjr in ocvooer etio STOCK COW Ml IfKR SMI third SMarMy month btgtmflng Oclotli ISHi REGULAR CATTLE SALES WILL CONTINUE EVERY MONDAY Donl be 10 acoeW one to us. whctc you are lull ol Buyers lo bid on your product at tiome. consign yout live- Jo have the Auction Rmc PRAIRIE LIVESTOCK LTD PHONE 223-3921, DAY OR NIGHT JOHNNY CHARLTON tt GARY JENSEN Ross Murray HEREFORD DISPERSION Sat., Sept. 28th 1 p.m on offer 80 PUREBRED HORNED HEREFORDS owner Rom Murray Phone 362-3754 Brooks ALL BREED Registered and Grade HORSE SALE Fit. and Sat.. Oct. 4 and 5 Reg. horset aell Friday at p.m. Grade horses sell Saturday at 10 a.m. Listing deadline Fri. Sept 20th. Arnold Ranch Brown Swiss DISPERSION Sat.. Oct. 12 at 1 p.m 155 Brown Swiss and Exotic Cattle, owner Jim Arnold Phone 486-5727 Nanton All Sates Conducted by PERLICH BROS. AUCTION MARKET LTD. loaned rn Stwlhwn AibwWt UwMoefc Indurtrji 3 mltet raM ol LMNbrMgt on Htfftmtj 3 nA mM BOX 1057, LETHBRIDGE T1J4A2 Phone Day or Night 329-3101 OUR NEW PHONE NUMBER 329-3101 Ueense No. O7146S JOEPEflUCH Ue. AUCTIONEERS: SOB SAlOG Uc. 067454 TOUT PERLICH UC.0102K ;