Lethbridge Herald (Newspaper) - February 8, 1973, Lethbridge, Alberta
Meat profit small WINNIPEG (CP) - A livestock expert statistically butchered a carcass of beef Tuesday to illustrate that on meat sales, the retailers' margin of profit, if any, may be quite small. Fred Marshall of Toronto, director of meat sales for the Oshawa Group Ltd., presented to the Meat Packers Council of Canada the step-by-step prepa ration of beef from the time it leaves the farm gate until it is served in the dining rooms of the nation. Mr. Marshall said the retailer, who will mark up his beef products about 20 per cent on the wholesale price, is often lucky to break even on the operation. Tlio figures he uses in his analysis are based cn current prig's in 1*>e 139 IGA sores and 38 Feci City stores which are part of the Oshawa Group iii southern Ontario. Mr. Marshall said beef prices in that region are among the lowest in Canada. The analysis shows that a 1,-000-pound carcass would be bought from the producer for about $420 at the live-weight rate of 42 cents a pound. Of this, the dressed carcass would weigh 570 pounds while the remaining 430 pounds would be waste and byproducts. LITTLE RETURN The meat packer who prepares the carcass will sell the 570 pounds of dressed carcass to a retailer for approximately 75 cents a pound. This brings,the packer a return of $427.50, only $7.50 more than he paid for the live animal. However, most of the packer's return is made on the 430 pounds of waste and byproducts. These are sold to leather companies, pet food companies and drug companies. Retail outlets will then attempt to get a return of 95 cents a pound on the 570 pounds of dressed carcass. In order to realize this, various cuts must be sold at substantially higher prices. The dressed carcass consists of 15 per cent hip steaks and roasts, sold at about $1.50 a pound, and 15 per cent chuck roasts sold at about $1.00 a pound. Other cuts with percentage of carcass and price per pound in brackets: Loin steaks (12 per cent, $1.53); stew beef (five per cent, $1.10); prime rib (seven per cent, $1.25); brisket roast (four per cent, 89 cents); braising cuts (four per cent, 44 cents); mince (12 per cent, 89 cents); soud bones (one per cent, 15 cents). The remaining 25 per cent of the dressed carcass consists of waste bone and fat which sells for an average of three cents a pound. I Thursday, February 8, 1973 - THE LETHBRIDGE HERALD - 23 Protestant protest Workmen stand outside a shipyard Wednesday in Belfast, Northern Ireland, as they join picketing in a 24-hour general strike that was called as a show of Protestant strength. Northern Ireland was paralyzed by the work halt, which originally was planned to protest the detention of two Protestants after a grenade attack on a bus in,Belfast. It widened to include a demand for restoration of the provincial Parliament. Cabinet group studies mine issue EDMONTON (CP) -A special committee of the Alberta cabinet is expected to provide a report on the labor situation at Grande Cache within six days, Tourism Minister Bob Dowling said Wednesday. Mr. Dowling, the MLA for Edson - the riding in which dthe mining community is located - said the committee will study how the provincial government can best assess the many problems that have been developing in the new tow 230 miles northwest of Edmonton. He said this was needed to evaluate the various options open to the government for policy consideration. Municipal Affairs Minister Dave Russell will head the committee which includes Mr. Dowling, Labor Minister Bert Hohol, Environment Minister Bill Yurko and Mines Minister Bill Dickie, New surcharges warning issued WASHINGTON (CP) - Im port surcharges, which strained Canada-United States relations when they were imposed by the U.S. in 1971, are again under public discussion. Economic-observers are apprehensive. The U.S. gave an oblique warning to its trading partners earlier this week that a surcharge on imports might become necessary to help reverse the country's foreign trade deficit. In his testimony before the joint economic committee of Congress, Herbert Stein, chairman of President Nixon's council of economic advisers, stressed Tuesday that the trade situation does not require an import surcharge at this time LOOK WHAT WE'VE ADDED! THE EMPRESS The EMPRESS is o sectional home that looks custom-built EMPRESS is CMHC and AHC Approved*. Comes in sizes up to 1320 sq. ft. Can be installed on a basement, foundation or blocked and skirted LARGE INTRODUCTORY DISCOUNTS Available at loth Lots LOOK MOBILE HOMES COALHURST - Phone 327-3744 BLAIRMORE - Phone 562-2363 but added, concerning the balance of payments deficit: "We're trying to solve it by multilateral means. But if we can't, we'll have to take some steps-and the list is not too long." Included on his list were a surcharge on imported goods and import quotas. One Canadian close to the economic scene said there is no immediate cause for panic, adding: "We don't know how seriously to take Stein's comments." Stein's list merely indicated the kind of steps the administration can take if countries do not co-operate with the U.S. in resolving the latest currency crisis. However, there is much doubt among experts whether the U.S. would again impose an import surcharge which brought almost world-wide protest in 1971.' "It was a notorious thing at the time," the Canadian expert said. "It was a big power play and it forced the Smithsonian agreement of December 1971." Under that agreement a number of countries agreed to revalue their currencies upwards, thus, .in effect devaluing the U.S. dollar and thereby making U.S. exports more competitive. "We didn't like it much in Canada-nor did the other trading partners," the Canadian expert recalled. "It didn't seem to have much direct effect. I don't think the results as reflected in trade figures were very significant. "But it forced the Smithsonian agreement which gave the U.S. a big advantage and helped it in dealing with its balance of payments problem." Penalty tax on engines WASHINGTON (AP) - Senator Henry M. Jackson (Dem-Wash.) said Wednesday he is introducing legislation, aimed at conserving energy, that would include a penalty tax on automobiles with big, gas-eating engines. Jackson told a news conference that America's reckless waste of energy and the Nixon administration's "Mickey Mouse import controls" have caused a fuel shortage that will mean gasoline rationing by spring. Jackson, chairman of the Senate interior committee, said the U.S. should set a target date of 1983 "when we will have the capability of being self-sufficient" in energy production. The current shortage of oil, he said, is due to a shortage of refineries and the import shortage-a problem the Nixon administration moved to correct last month by increasing quotas. Mr. Dowling said the committee is scheduled to report to the full cabinet Feb. 13 with its recommendations. Mclntyre Porcupine Mines Ltd. announced last week that 148 miners would be laid off because of the closure of one of two underground coal mines. LAYOFFS CUT At Grande Cache, meanwhile the company has promised to reduce by 44 the number of underground miners it intends to lay off. Phil Oakes of the United Steelworkers of America said the company has agreed not to terminate work for 40 of the 188 due to be laid off. The company announced last week that 148 miners would be laid off because of closure of an underground mine and the other 40 would go unless the union accepted a new shift system. The union has continued to oppose the proposed shift schedule and the men will be used elsewhere, said Mr. Oakes. AFL prods government for car insurance plan EDMONTON (CP) - The Alberta Federation of Labor is concerned that provincial residents will pay high automobile insurance rates to allow Premier Peter Lougheed to keep a promise to busineemen. The federation, in its annual brief to the cabinet, said the Alberta government no longer can ignore the merits of a pro-vincially - administered automobile insurance plan based on the demonstrated success of such plans in Manitoba and Saskatchewan. There now are about 175 insurers with 4,500 agents in Alberta "which cannot help but reflect in higher costs of insurance," the federation said., "We recognize that Premier Lougheed has committed to the businessmen . . . that Alberta will remain a free enterprise province despite being an island in a sea of socialism; however, we suggest that this policy not be carried out at the expense of Alberta's population." The federation suggested an increase in the provincial minimum wage to $2.50 from the $1.75 effective Jan. 1 this year. OTHER POINTS The labor group also called for: -A minimum employment age of 16 would be "in line with present legislation requiring a child to attend school until this age." -Gradual reduction of the work week to 32 hours comprising four eight-hour days. - Abolition of businesses which make a profit by buying income tax returns for a percentage of the amount which eventually will be returned. - A law against large department stores remaining open on Statutory holidays because "the employees in these particular businesses do not derive any benefits whatsoever." - An improvement of industrial health and safety pro- gram in the province, including consolidation of the Workmen's Compensation Board, the Board of Industrial Health, the Environment Conservation Authority, the Energy Resources Conservation Board, the Mine Inspection Branch and the Department of Labor. CROWN CORPORATION The government also should "move immediately," the fed- Socred parley draws veteran CLARESHOLM (Special) - The annual convention of the M a c 1 e o d Provincial Social Credit Association was held in the IOOF hall here recently. About 70 were present from Lethbridge, Coalhurst, Noble-ford, Picture Butte, Fort Macleod and Stavely, Ernie Patterson was elected president for his fifth term. First vice-president is Bill Day, Fort Macleod; second vice-president, A. J. Posterski, Picture Butte; third vice-president P. Zalesak, Picture Butte; fourth vice - president, Miss Donna Jean-Patterson, Clares-holm; treasurer, E. Dixon, Fort Macleod; secretary, Mrs. Jean Swihart, Fort Macleod. Delegates chosen to attend the leadership convention at Edmonton Feb. 1 to 3: Mr. and Mrs. Ernie Patterson, Mrs. Henry Funk, Mrs. Stanley Lewis, Mrs. Earl Sergeant, Mrs. Roy Hoffarth and Miss Donna-Jean Patterson. cration said, to establish a crown corporation for the development of natural resources and the establishment of secondary industries. "For far too long, we have seen Alberta's resource industries exploited by foreign corporations. Our natural resources . . . still are being removed at the expense of de-velopemnt of secondary industry." Secondary industry was needed badly to ease the province's unemployment situation. ". . . any programs undertaken by the federal and provincial governments in the past have been merely patchwork efforts with no long-term planning to alleviate a reoccurring situation in the future. "... we would like comments as to what this government has done in the past year to combat the unemployment situation and what future long - range plans are forthcoming to reach the ultimate goal of full employment in Alberta." PRAISE, TOO Criticism wasn't the only feature of the brief. The federation complimented the government for its promised redraft of the Labor Act and the Workmen's Compensation Act. "We recognize that this task takes a great deal of time and are therefore prepared to wait until the spring sitting of the legislature when we understand that the amendments . . . will be introduced." New provincial regulations prohibiting the dismissal of an employee whose earnings were garnisheed also were praised by the federation. RANCH CATTLE LANDS REQUIRED IN SOUTHERN ALBERTA 10,000 acres prairie, crop, lame gross or bush land, capable of supporting a cattle operation acceptable. 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