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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 5, 1973, Lethbridge, Alberta ________ Wednesday, Sapfer-ber 5, 1973 THE IETHBRIDCE HERAIO 23 West German economy put under pressure by wildcat strikes By CRAIG R. WHITNEY New York Times Sen ice BONN The superheated West German economy, driven by an export boom and beset by a high rate of inflation that has so far resisted government ettempts to treat it, has come under pressure recently from a new irritant wildcat strikes in the nation's biggest factories. The labor unrest, in which as many as German and foreign workers demanding pay raises stayed away from work on different days in the Ford and Opel automotive plants as well as in other smaller firms, has caused grave concern to the government because the major national union contracts come up for negotiation at the end of this year. GREAT ANXIETY The outlook tor the Germany economy in the near future is, many experts believe, for a continued boom but there is great anxiety about when and how it will end The major ex- pectations include- rise in prices this year of around 7.5 per cent, with re- sulting union pressure for wage increases next year of 12 to 14 per cent. No reduction soon in the principal force behind the boom exports despite the fact that successive revalua- tions of the German mark have made them more expensive for foreigners to buy. No slowdown in the Ger- man economy until and unless there is a noticeable slowdown elsewhere most importantly in the United States. the short run, no ma- jor change in the established patterns of trade between the United States and Germany, with German firms favoring exporting goods rather than making investments in Ameri- ca and American firms favor- ing the opposite. For the long run, German investment in the United States is expected to in- crease, but whether American companies will try to send more exports to Germany is less surely known. The immediate problem do- mestically is the labor unrest. In a recent television speech Chancellor Willy Brandt urged workers and employers to "play by the rules of the game" and said "this is no time for unreasonable demands, either for wages or high prices, which would endanger the goal oi re- ducing inflation." The government has been trying since the beginning of this year to slow the economy, but striking workers have been demanding more money and fringe benefits because of the inflation the boom has pro- duced The 8.5 per cent wage increase the metal workers won last December, for in- stance, has nearly been sates up by the rise in pnces during the past year. The pioblem of the German economy this year has been that of excess too much for- eign money flooding the ex- change markets and the banks in search of the stable (and, at many experts' eyes, overval- ued) German mark, too many orders for specialized German exports, too much purchasing power in the hands of tha Ger- man consumer. GOOD FOOD COSTS LESS FINEST MEATS VALUES EFFECTIVE CLOSING SATURDAY SEPT 8th, 1973 WE RESERVE THE RIGHT TO LIMIT QUANTITIES. lit 2025 Mayor Magrath Drive 'College Mall" 324 Mayor Magrath Drive 420 6th Street South "Downtown" STORE HOURS: Open Doily 9 a.m. to 6 p.m. Thursday and Friday 9 a.m. to 9 p.m. 'FRESH FOR FL4FOR' WHOLE BONE IN LARGE CLUSTERS SWEET AND JUICY GOVERNMENT INSPECTED CANADA GRADE A STEER BEEF GOVERNMENT INSPECTED CANADA G RADE A STEER BEEF BONE IN FROM CONCENTRATE PURE 32 fl. oz. bottles GOVERNMENT INSPECTED ALL BEEF IDEAL FOR SALADS LARGE SIZE B CANADA NO. 1 GRADE c GOVERNMENT INSPECTED CANADA GRADE A BEEF BOILING BEEF For cool weather BRISKET soups and stews Ib. GOVERNMENT INSPECTED FLETCHER'S FOUR VARIETIES SLICED, COOKED MEATS 6 oz. FOR BACK-TO-SCHOOL LUNCHES FLETCHER'S BY THE PIECE Government Inspected Ib. HIGHLINER BRAND BOSTON 24 oz. pkg. BEANS N' PORK VIVA 28 fl oz. tins PEAS e CREAM CORN CUT WAX or GREEN BEANS CANADA CHOICE GRADE.......... 14-fl. oz. tins HIGH PARK 48 fl. oz. tins PRIDE OF ARABIA INSTANT COFFEE 169 VIVA CREAMER 69c ORANGE CRYSTALS an Poly bag of 5 3 oz. net wt. pkgs. v7k PEANUT BUTTER 89e CHEESE SLICES GARBAGE BAGS BLEACH 128 fl. oz. bottle IOBLAWS. 16 fl. oi. jar With This Coupon You May Purchase "L" BRAND 100% PURE VEGETABLE OIL PARCHMENT PACK RGARINE 5-1 Ib. net wt. pkgs. for only SAVE COUPON EFFECTIVE Til CLOSiNO TUES., SEPT. 11, AT l-MART ONLY SODAS COUPON EFFECTIVE 'TIL CLOSING WITH THIS COUPON YOU MAY PURCHASE ONE 1 IB. NET WT. BAG IOBLAWS PRIDE OF ARABIA COUPON EFFECTIVE TIL CLOSING TUES., SEPT. 11 AT l-MART ONLY ;