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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Apr 06, 1972
Page
9
Washington reports detail Earl L. Butz defending higher farm prices as critics argue against inflation. Butz promotes MARKET-based farming costs, cites 43 percent rise in food prices over 20 years with farmers' slice at six percent. Nixon aims to curb middlemen markups, boosting farm incomes ahead of November elections.
The Agriculture Department will publish a report this week on rising beef prices, indicating how middlemen and producers benefit. President Nixon rejects blaming farmers for high meat costs, promising action if middlemen do not ease margins. The report analyzes the food dollar from farm to retail, noting a likely rise in retail beef to about 1.16 per pound, with most gains at the retail level. Treasury and price officials discuss profit margins as supermarkets push cheaper substitutes. Tony Dechant of the National Farmers Union calls for investigation into chain-store margins.
U S meat imports subject to quota rose to 167.5 million pounds in January and February, within the 1.24 billion pound annual target set March 9 under voluntary restraint agreements with foreign countries. Officials say the increased early totals reflect dock delays and possible future port disruptions.
The Senate Finance Committee voted 11 to 0 to liberalize payments to aged, blind and disabled welfare recipients. The plan would lift about four million recipients above the poverty line, mostly the elderly, and raise overall federal costs to about 5.7 billion dollars.
First Canadian tested Angus cattle will be sold Saturday at the Bob Kerr Ranch one mile east of Ross Oklahoma. The sale features 40 bulls and 15 heifers with consigners including Robert Kerr Guy Shipe Gene Grubbs Kenneth Goodnight Hugh Fortner and Eldon Flinn. Holland Jester is auctioneer and lunch will be served. A pre sale banquet Friday at 7 p.m. at the Holiday Restaurant features Orrin Hart and other Angus breeders.
Saigon reports scores of U S warplanes began massive strikes inside North Vietnam in retaliation for the North Vietnamese cross DMZ offensive. The United States said the raids, ordered by President Nixon, aim to protect U S forces and target antiaircraft batteries radar sites SAMs and long range artillery. The operation involves destroyers offshore and more than 200 aircraft from Thailand and South Vietnam.
In a crowded San Jose courtroom, Marin County Assistant District Attorney Gary W. Thomas testified about the Aug. 7, 1970 Santa Rosa Civic Center shootout. He recounted seeing Judge Harold Haley killed, the van scene, and him being shot in the spine, while Angela Davis listened intently as the prosecution outlined how Jonathan Jackson and three convicts triggered the deadly escape attempt.
Smithsonian officials say a wooden prairie sod buster plow from the early 19th century could fill gaps in the National Museum of History and Technology agriculture collection. They seek related farming artifacts including a 1930s lister plow a corn picker a steam tractor and an 1898 poultry trap nest. Meanwhile the Agriculture Department notes the food stamp program adds more than 150 million dollars monthly in purchasing power for low income families as February stamp values rose to 153.4 million
Washington AP reports a modest uptick in cattle prices in late March with all grades of steers averaging 34.28 dollars per hundredweight at six markets for the week ended April 1, up from 34.15 last week and 31.26 a year earlier per the Agriculture Department and Consumer and Marketing Service.
A Cairo broadcast reported by U S radio monitors said Egypt will sever diplomatic relations with Jordan. The deputy prime minister and minister of information stated after a cabinet meeting that breaking off relations has become a necessity of the battle.
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