Lethbridge Herald, The (Newspaper) - July 19, 1972, Lethbridge, Alberta
Price hiked a price increase of per long ton and a special price increase in the form of special cost assistance of (U.S.) per long hy DON KENDALL. WASHINGTON (AP) A sweetened billion-dollar farm subsidy plan by the Nixon administration Is expected to bite inlo huge surplus stockpiles next year even if the Soviet Union decides not to buy any U.S. bread grain. The plan, announced here by the agriculture department, could pay U.S. farmers about billion for trimming wheat acreage next year, a record high subsidy for the crop and about J100 million more than payments for 1972. It is basically the same as for this year, but includes additional incentives to entice more acres from wheat production. The basic government spoon support loan will remain 'in-changed at a bushel. A department spokesman, noting the buildup of wheat surpluses to the highest level in nearly a decade, told reporters the 1973 acreage "set-aside" program benefits could run million more than the billion spent on payments this year. "It was drawn up without taking into consideration the possibility of the Soviet Glenn Weir, deputy administrator of the agricultural stabilization and conservation service told a reporter. "But if exports, End sales to the Soviet Union materialize, then farmers stand to gain and cost to the government will be he mount The program Is keyed partly to markets, meaning that if fanners get higher prices for cash sales they will rely less on government payments. Weir referred to a recenl.ly-annoimced million sale of U.S. grain to the Russians during the next three years. The formal arrangement of N ers wheat, but officials so far have Indicated the major Interest of Moscow Is for livestock feed grain, also in surplus as the result of record U.S. harvests. The program Is aimed at taking 25 million acres from wheat production next year, compared with about 20 million made tills harvest. Wheat payments to fanners this year are expected to run about ?1 billion. A major change for 1973 Is In an "optional" provision Intended to entice fanners to remove 10 million acres from wheat production In addition to then- basic Idle acres. Coal c SPAEWOOD (HNS) Agreement between Kaiser Resources and Mitsubishi Corporation has been reached amending the long-term contract for shipment ot coal to Japan. The new agreement sets the base price per long Ion at an increase in price of Additionally, the new price agreement includes Interim price relief of per long ton for the period July 1, 1972, through June 30, 1973. Under the new agreement the ash specification has been set at 9.5 per cent with an 0.5 tolerance. The new agreement calls for deliveries o[ i long tons of coal at the new price from July 1, 1972, through June 30, 1073. As of June 30, 1972, there were approximately long tons of coal stockpiled at the Roberts Bank port facilities, of which long tons had been contracted for in the previous interim period but had not been delivered to Japan because of the Japanese seamen's strike. These will be delivered commencing July 1, 1972, at the price in effect under the previous interim agreements. These agreements provided for special pricing assistance which consisted of an cave TEHRAN, Iran (AP) Iran-ian archcologists have said they have discovered a cave in Tabriz, northwest Iran, in which skeletons with dress and ornaments dating to ancient periods were found almost intact. Authorities are still investigating their exact date or related we TORONTO (CP) Many building projects across the city stopped here as about carpenters went on strike for a shorter work week. The men, members of wanted by United Brotherhood of Carpenters and Joiner, rejected Sunday night a new contract recommended by their negotiating committee because there was no change in their hours. now work a 40-hour week and want this reduced to 3714 hours. SIDE Mercury always presents the same face to the sun. AT R FRIENDLY S GROUND COFFEE Safeway All Purpose 1 Ib. net wt. pkg. FRESH EGGS Breakfast Gems Canada Grade A Large Size dozen Super Savers in Health and Beauty! Mouthwash Hair spray at Super Savers Spaghetti and Meat Balls Antiperspirant so., M 1 Aerosol 5-oz. net wl. tin Breck For Dry or Normal Hair Chef Boy-ardee 30-or. net wt. tin Devilled Ham 4Vj-oi. net wt. tin Bean Salad N aroni Salad. e Underwood lalleys or Mac- A n. net wl. tin for f JJ Chef Bey-ar-dee OOd 2 Chwss IB.37 oz. net wt. pkg. Rfivinli chef 7Ctf nUVIUII jo-oz. net wt. tin I W Chunk Tuna wt ,m Angel Fried Rice Krndi Cinnamon Shampoo MnnlrlHr Kolex or Napkins Super......... 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