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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 20, 1974, Lethbridge, Alberta 38 THE LCTHBRIDUE HERALD WednMoay, Marcn Sears Save Our lowest price on this space saver Make room! This handy, thrifty space saver features two 23" x 6" x 9" high cabinets, plus one 23" x 6" shelf to help you put an end to annoying bathroom clutter. Filigree trim helps prevent spills, adds shelf space to cabinet tops. Gleaming chrome- plated steel tension poles adjust from 7'8" to Available in Gold, White or Lilac baked enamel finish. So make room! You'll wonder how you ever got along without it 98 Reg. Lid. Grain reserves lowest on record World's cupboard is nearly bare By BROOKS JACKSON WASHINGTON (AP) -The world's cupboard is nearly bare. Known grain reserves are down to less than two month's supply, lowest on record. With the buffer against hun- ger so thin, a major crop fail- ure this summer would spark an accelerated surge in food prices around the world. In the opinion of many analysts, the situation might lead to global food panic. The U.S. agriculture depart- ment predicts record world crops in the months ahead, and some easing of the shortage. But the forecast is highly uncertain. President Nixon and other officials publicly talk of the food problem and the energy crisis as twins. Food is the other crisis. The Nixon administration is uncertain how to deal with it. Congress is divided. For the immediate future, only good weather and good luck can help. Symptoms of the situation are widespread. Grocery prices in the U.S. went up 14.5 per cent last year. The agriculture department predicts they will rise another eight to 15 per cent this year. Senator George McGovern (Dem. S.D.) foresees a 30-per- :cent increase. TIGHTENED BELTS Faced with higher prices, Americans trimmed their gro- cery buying more sharply last year than at any time in the previous 40 years. They tight- ened their belts and ate less meat, fish and poultry. Wheat prices rose from less than a bushel before the 1972 Russian wheat sale to last July and up to recently. Farm income hit a record billion last year, and farmers continued bidding up the price of crop land and new farm ma- chinery. In the commodity markets, grain futures gyrated wildly. Overseas, famine claimed the lives of thousands in central Africa. Grain shortages loom in India, where U.S. Ambassador Patrick Moynihan is predicting famine within the coming months. Official estimates suggest this summer's crops will more than feed the world's expanding and -increasingly affluent population, leaving enough to begin restocking severely depleted food re- serves. BASED ON ASSUMPTIONS But these estimates are based on a number of assumptions that might prove faulty. "The range of uncertainties can hardly be concedes one government statistical re- port. "Admittedly, there are great says the president's international eco- nomic report. What the government economists assume, in making their forecast of bounty, is that farmers will plant as much as they say, that the world's weather will be normal, that a developing fertilizer shortage will not cut deeply into crop yields and that mechanized farmers will get enough fuel. At least one of these assumptions may already be invalid. One non government agricultural economist, who asked not to be named, said he saw first hand evidence on a recent Asian trip that lack of fertilizer is affecting rice crops. you flnwd gWHWMM Store Hours: Opfffi flatly 1rom a.m. lo p.rn. MtlltBCflpn or money Ttws. ana fn. 9.30 a.m. to p.m. and fwe dBJwy .Centre Village Mall. Teteptione 328-9231 Sweet nothings Pair of sulphur crested cockatoos coo away the hours on a perch at the Stanley Park Zoo in Vancouver. Sometimes, however, serenity sometimes erupts in a flurry of feathers when birds disagree on pecking order. Cambodian war still drags on PHNOM PENH (AP) The Cambodian war entered its fifth year today, with the brightest hopes for peace resting on diplomatic help from the world's powers or a battlefield stalemate that would force warring factions to the conference table. The North Vietnamese, Americans and others with their own interests at stake prop up and direct the fighting sides. The United States price tag of shaping the future of Cambodia now runs more than million a day in military and economic aid. It is perhaps this aid which has allowed the Phnom Penh government to survive and bring the war to a point where neither side is strong enough to win. And the war is costly: Nearly two million Cambodians uprooted, hundreds dying weekly, a society racket by insecurity, inflation and the inability to deal with its most basic problems. There are no firm casualty figures. Official sources in Phnom Penh count to government soldiers killed in four years. The other side roughly estimates to dead including the North Vietnamese and the Viet Cong from South Vietnam as well as Cambodian rebels. It is difficult now to imagine the Cambodia of four years ago a lazy tropical kingdom peopled by prosperous peasants, visited by thousands of tourists and led by a mercurial chubby prince whose subtle balancing acts kept his country from being sucked into the wars in Laos and Vietnam. Bitter quarrel erupts PARIS (AP) France and the United States are locked in a quarrel of such bitterness that it threatens to undermine transatlantic efforts to solve the West's principal problems. One underlying factor is a French conviction, revived from the days of Charles de Gaulle, that the U.S. wants to dominate Western Europe. The U.S. rejects this claim, saying it only wants closer co- operation with Western European countries in tackling political and economic problems, starting with the energy crisis. U.S. President Nixon underscored the point in a speech he made at Chicago on Friday, making it clear that what is at stake is American troop strength in Europe. He said: "In the event that Congress gets the idea that we are going to be faced with economic confrontation and hostility from the nine European Common Market countries, you will find it almost impossible to get congressional support for continued American presence at present levels on the security front." The Paris newspaper Le Monde said Nixon's statement was "difficult not to call blackmail." TRIP UNLIKELY Nixon's speech also virtually ruled out a trip by him to Europe next month for the signing of a new military agreement on the 25th anniversary of the North Atlantic Treaty Organization. Officials of both countries say they are anxious to prevent the other members of the Common Market or NATO from having to make an agonizing choice whether to support one ally against the other. If the quarrel reaches this point, officials in Washington and Paris agree, it might make Atlantic cooperation unworkable. Sears DELUXE STEREO SYSTEM 39950 This deluxe Dual Noresco stereo system has excellent component quality. The new 70 watt quadrasound ampl- ifier-turntable system has the Dual 1216 automatic turn- table with Shure M75 magnetic cartridge. The NEC-534- speakers, featuring 8" air suspension woofers and 8" cone tweeters, give you true reproduction from the lowest bass to the highest piccolo. Complete with Component Stand. Component Stand Reg. Complete Simpsons-Sears Ltd. at Simpsons-Sears you gel the finest guarantee satisfaction or monvy refunded and free delivery Store Hours: Open Daily a.m. to p.m. Thursday and Friday a.m. to p.m. Centre Village Man. Telephone 328-9231 ;