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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 1, 1974, Lethbridge, Alberta 16 THE LETHBRIDQE HERALD Friday, February 1, 1974 Experts predict slight drop in food prices By JEAN SHARP CP Women's Editor Experts are predicting a levelling off of food prices by summer and a drop in beef prices in February Federal government farm economists have released an annual report that says the supply of most farm products in Canada should catch up with demand and stabilize food prices. But for the next five months, the 17-per-cent riCC in COSiS cinno rhic tlmo locfr year will continue to climb. Charles Gracey of the Canadian Cattlemen's Association has said there is already a backlog of cattle on feed lots. He says operators probably have been trying to wait out present prices, which are relatively low But he says they cannot do that forever, and prices should show a slight drop A survey by the Canadian Press of food prices in 10 cities indicates any kind of drop would be welcome. Prices in most cities have continued to edge upward The price of sugar has gone up sharply in most areas and coffee prices are also up in several cities. The survey is not intended to compare prices among cities It is based on a market basket of 17 common items bought in supermarkets. For the first survey, in May, the lowest regular price was taken for an item in each category, each month the same item or the nearest comparable item is pnmnarisnn The basket includes one pound each of sirloin- tip roast of beef, all-beef wieners, centre-cut loin roast of pork, first, grade chicken, ground chuck, frozen cod fillets, tomatoes, frozen green peas, Mclntosh apples, first-grade butter, drip coffee. It also includes one dozen medium eggs, one quart whole milk, 24-ounce loaf sliced white bread, 10 pounds of first grade potatoes, 24- ounce can firstgrade halved pears, five pounds white granulated sugar. SAINT JOHN-The price of sugar jumped 16 cents in one month. It was 95 cents for five pounds in December, in January. Wieners went up to from 98 cents, chicken to from 88 cents a pound. A pound of frozen cod that cost in December, cost 99 cents in January, and eggs dropped to 80 cents a dozen from 86 cents Market basket total was TORONTO-Almost everything rose. Chicken cost 69 cents in December, 75 cents a pound in January. A pound of ground chuck moved to from frozen cod to from and bread to 42 cents from 39. Market basket total. increased in January to for five pounds from 95 cents in December. Wieners rose to a pound from 99 cents and ground chuck was up 10. cents to Coffee rose to 09 a pound from Only chicken showed much of a drop, to 69 cents a pound from 78 cents. Market basket total: VANCOUVER-Sugar in Vancouver rose to for five pounds from 83 cents in a month. Coffee was a pound in December, but rose to in January. Ground chuck went up 20 cents to a pound and frozen cod rose to a pound from Market basket meat items dropped in price. Wieners were a pound in December, 99 cents in January. Chicken dropped to 79 cents from 83. A pound of ground chuck moved up to a pound from 99 cents, and frozen cod to from Sugar rose 40 cents, to 35 for five pounds in January from 95 cents in December. Market basket total: STo ptelc up your order The World Almanac avaflaWe at Trie teffhbridge HeraW Business 1or Z per copy Wall Jo The UjtbtorWae HeraM P 0 Box The UtHbridgc Herald "Serves the South" The Full Gospel Businessmen's Fellowship International of Lethbridge and District wHIhoMttwir FEBRUARY PUBLIC BREAKFAST MEETING at, Saturday, Febr 2nd El Rancho Motor Hotel Gunt Speaker REV. HARLIE GOODWIN SEATTLE, WASH. as 'The Pastor to Forgotten Men' A Man for whom God has miraculously opened doors of ministry in countless Penelenluries and correctional institutes throughout North America He has personally led many, many convicts into a persona) relation- ship with Jesus Chnst For further information and please can Dave at 327-6633 ;