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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 11, 1974, Lethbridge, Alberta Wednwday, 11, 1974 THE LETHBRIDGE HERALD 7 No food prices letup WASHINGTON (AP) The agriculture department says that despite a worsening recession, retail food prices in the United States may rise as fast during the first half of 1975 as they did this year. Supermarket prices may go up at an annual rate of 15 per cent, "barring a sharp collapse in domestic and world said J. Dawson Ahalt, a staff economist presenting the department's analysis of the food price out- look. Ellen Zawel, presi- dent of the National Consumers Congress, said in response to Ahalt's report that "The prospects of another 15 to 20 per cent increase in food prices is mind- boggling." Food prices in the U.S. last year jumped 14.5 per cent and have increased about another 15 per cent so far this year. "If weather co- operates in the U.S. and around the world, and economic activity weakens more than ex- pected, production increases relative to de- mand grovth could be quite large, leading to significant slowing in price Ahalt said. "Conversely, with world grain stocks at precariously low lev- els, another year of poor growing conditions, at a time when world food needs are expanding, could ignite a rapid pace of food price ad- vances throughout 1975." Newsprint expansion limited WASHINGTON (AP) Newsprint prices in the United States have far sur- passed the level at which producers said they would be able to afford to expand capacity, yet expansion remains limited, a U.S. Senate study says. The study quotes industry spokesman as saying prices must go even at least a justify the construction necessary to ex- pand production capacity. That figure compares with a maximum of a ton on the East Coast in 1972. The study, prepared for a subcommittee investigating industrial shortages, says that in late September, 1973, a Canadian marketer pegged as the price at which capacity would be increased. The subcommittee, chaired by Senator Henry Jackson (Dem. Wash.) says that "for some time experts have contended that expansion and less tight supplies awaited only price rises to justify investment." "But even though prices have passed the levc-i at which spokesmen just months ago said would justify investment, construction of new capacity is still says the study. The study, which surveys the entire industry, says tht restrained growth rate is not limited to newsprint, which was in short supply in 1973 and led to the reduction in size in some newspapers. But, says the study, the lack of expansion does not neces- sarily portend paper shor- tages The study points out that when the economy is troubled, paper consumption falls DEMOCRATS FAVORED LITTLE ROCK (AP) All but five of Arkansas' elective governors have been Demo- crats. Harris Plannagin was listed as a "Confederate" in 1862; Issac Murphy as a "Fed- eral" in 1864, and Powell Clayton Elisha Baxter (1872) and Winthrop Rockefeller (1966) were the stated only Republican gover- nors Give Them Shirts and Sweaters To Keep Them Looking Great Fisherman Knits Smart Values For Cold Season Comfort Regular 9.87, Now B or each kv I'v ill f J r f( i. K A-B Won't his eyes light up when he sees one of these! And, when the weather gets really cold, he'll be glad you were thinking of him. Bold Fisherman Pullovers knit in a snug, traditional style from machine washable 100% Acrylic. Available in colours of Bone, Navy, Brown and Camel, (a) Popular Crew-neck style in S.M.L.XL (b) Extra warm Turtleneck in S.M.L. [h i I 4 i V i 1 t- tit v 1 S 1 1- %il S u. 14] :V v V M t -K n t v x A I T1 V V' v. fN -vv i V V 1 H- v l r !t y-o C Cj r O> O r; U UiklUMIIt'H I I WaRatarvaTha Right To Limit Quantltiat Colltgt Shopping Mail 2025 Mayor Magrath Drlva Monday, Tuaaday i Wadnttday a.m. to p.m. Thuraday A Friday a.m. to p.m. Saturday a.m. to p.m. BIT WITH SATISMCTIDN ;