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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 19, 1975, Lethbridge, Alberta 12 THE LETHBRIDGE HERALD Wedroiday, February 19, 1975 Economic upswing expected WASHINGTON (API Treasury Secretary William Simon says he expects the economic upswing in the United States will begin in the final three months of the year, which is later than earlier ad- ministration forecasts. Simon and other Ford ad- ministration economics ad- visers had predicted until recently that .the U.S. economic slowdown would end in mid-year. But Simon's emphasis on a resumption of growth in the fourth quarter, made during an interview with Associated Press Radio, indicated the ad- ministration has revised its outlook. There will be "positive growth of the Gross National Product (GNP) in the fourth quarter continuing into Simon said. The administration is forecasting that the GNP will decline 3.3 per cent this year, following the 2.2-per-cent decline last year. Tailors seek new markets LONDON (Reuter) Savile Row, the street of tailors renowned for its sartorial elegance, is stepping up its selling overseas in an urgent bid to find new markets. Britain's top tailors report a significant decline in the domestic market. Individual tai- lors say they are being squeezed out of their Soho workshops by "unscrupulous land- lords" and many have been permanently lost to the trade. The situa- tion is aggravated by the scarcity of new blood. Savile Row's larger firms have recently ex- tended their export campaigns considera- bly. They have found that outside and especially in North America their prices are highly competitive. Nichael Skinner, president of the Merchant Taylors Federation, said they are searching for a different type of client. "The days are gone when we just serve the British landed gentry and their Skinner said. "We are aiming at a new type of person, someone who has got where he has through his own brilliance, not a position handed down to him. "There is still plenty of money around. I appreciate that our suits are a lot of money at any one time, but you pay for what you get." Just what you do get is summed up by one tailor as "the in- dividuality of Savile Row." And for that; prices start around Hardest hit by the plague of rising costs and rents are the medium-sized firms. The small ones have, in many cases, been obliged to, share premises to reduce overheads. Larger com- panies can afford expen- sive promotion drives and have a high reputa- tion to cushion them in times of financial dif- ficulty. A large number of the vulnerable firms are family concerns, passed down over successive generations. Their biggest headache is that young people are not coming into the trade, primarily because of comparatively low starting wages. Generally the businesses run on low profit margins and there are few fixed salaries. A tailor can earn one week and the next, Skinner says. "At the end of the year there's not much left after everyone has had his slice." FIRST QUALITY AWC SUPER VALUE FINEST SELECTION OF BRAND NAME ROLL ENDS AWQOLCO MORE OF A GOOD THING IxamplM of tremendous buys ara: Let your imagination take over during this one- of-a-kind, manufacturer's clearance of broadloom roll ends. Woolco offers a wide selection of styles, textures and colours to accent any decorator scheme. Choose from 1st quality shags, plushes, prints and level loops, in mostly either Nylon or Acrylic fibres. Add brilliant colouring with solid shades, tweeds and multi-colours. Secondary backing of Jute or Rubber. In various sizes from 9'x12' to 12'x19'. 80% Acrylic, 20' Nylon twist; Jute back.. Gold colour. 12'x15'. NOW 100% Nylon Jutt back. Gratn colour, I2'x12'. NOW 100% Nylon plush; Jutt back. Purple colour. 9'x12'. Ml. WMta Prta f156 NOW M45 94 ico DEPARTMENT STORES i mum fit. Mum a in. ColtaM Shopping Mall 2025 Mayor Magrath Drlvt Monday, TuMday WwhWMlay a.m. to p.m. Thurtday Friday a.m. to p.m. Saturday a.m. to p.m. NT Mil I______ SATISFACTION ;