The Goderich Signal-Star, 1980-04-02, Page 3•
GODERICI,B:I
fi'
NA1,-STAR, WED'NESDAir, APRIL, 2, .98 PAGE 3
GUARANTEED
INVESTMENT
CERTIFICATES
1A¼.
0Y/
/G
B.I LlCE ERSK,I E
86 North 524-9555
75 HAMILTON ST.
521-7561 •
HOURS:. 9:30J:30 -
WED. 9:30-12:30
REG. 22 PERM -
REG. ;20. PERM -
REG. $1 PERM
UNTIL APR. 30TH
SPECIAL $.LO?d
SPECIAL .. $1 rr •®a
SPECIAL $16?°
REG.. *16 PERM - SPECIAL;1+40•
0
REG. 14 PERM - SPECIAL $1 Soo
With visions of Easter treats dancing in their heads, Scott Butler and Angela
James create their own different versions of the Easter Bunny in art class.
Huron ho
The recent sharp drop.
in market hog prices
along with increased
interest rates is putting
pressure on many
producers.
Huron's Ag Rep Don
Pullen said this week,
"It's a real dilemma and
causing great concern
and anxiety especially for
the young farmer in•the
hog business."
Mr. Pullen continued,
"If the market price
increases soon the
established producer
may be able to tough it
out."
Prices for market hogs•
have dropped by as--ratteh
as $27 per hundred weight
in the past 12 months.
Mr. Pullen added, ."In
March of 1979 the market
price. was 74c and the
interest rate . was • .9.5
percent. This week the
price has dropped to
about 47c and the interest
rate is around 18 per-
cent."
He said, "In addition to
the interest rate all input
' costs including housing,
equipment, supplies and
services are all up, but
the farm price is away
down."
"We haven't any recent
documentation, but, we
hear _ by .the grapevine
that several ' hog
producers have gone out
of , business rn recent
weeks. The list of auction
sales. in area papers
seems to bear this theory,
out," says Mr. Pullen.
He noted, "Top
productivity and cutting
costs is the only answer
at the moment. I know
talking cost control until
youare blue in the face is
futile while -.taking
losses,"
The latest issue of Pork
News and Views reported
that farmers were losing
$2:50 on each market hog
'when the market price
was $53.10 per hundred
weight. The price this
,Company closes
LISTOWEL - A steep
decline in the
availabilityy of eggs has
fgrced the Listowel
Produce Co. to close its
doors.
The egg • grading
company has been in
business for the past 41
years but according to
the company's manager,
Bill Leith, the plant's
shutdown has been ex-
pected for sometime and
they have been con-
trolling the flow of
business accordingly.
The two budding artists are in Grade l at Victoria Public School. (photos by
Cath Wooden)
roducers are pressured
week has dropped by
another $6 which would
mean a further loss of
$10.20 based on a market
hog of 170 pound's.
The fallowing in-
formation comes' from
Pork News and Views. .
"Hog, marketings in the
United States have shown
a 24.5 percent increase
and Canada a 23.4 per-
cent increase to date this
year. These" heavyhog
marketings have kept
prices in Ontario in the
low 50,cent 'range.
It would now appear
that .marketings will
—cuntii>ue to -be very•heavy
during March -and April.
Prices will likely . be
forced down • further
during this period.
Prices could bottom out
Their work has taken a
major drop in the last few
months. Two weeks ago,
for example, the' com-
pany graded 10,500 dozen
eggs and in October of
1979, the weekly average
was 33,000 dozen.
Mr. Leith said that egg
producers have been
protected from financial
losses with the closing
and many have been
referred to other grading.
companies. All eggs were
to be out of the building ,
after March 28.
during the Easter period.
A general reduction in
marketings is required in
Canada and the U.S. to
bring about some price
improvement:—
Grain and livestock
prices• have been under
pressure since the U.S.
grain embargo was
imposed against Russia,, .
The U.S. Secretary Of
Agriculture recently
indicated that U.S. far-
mers will not be paid to
kep acreages out of grain
production despite record
grain inventories,
He , indicated an
acs eage .reduction eeald
further fuel high inflation
in the U.S. This move will
keep .pressure on grain
prices and may prolong
low hog prices," ..
Nestled in Flenmiller. Ont,. just 7 km. cast' -of
fioderirh on Huron ('aunty Ruad 1.• just riff 11il;h-
titi.) 8. Piton+' 21-215)1. • '
WELCOMES YOU
t+�
AFTERNOON TEA,
• 2:30 to 4:30 - ---'7 DAYS A WEEK -
Come, visit our unusual country. resort for Tea today:
We've prepared buttered .toast, freshly made scones;
home made jam, Devon"cream. cake, biscuits and Earl
Grey tea for the occasion. Relax and enjoy as we serve
you in front of an upen'hearth log fire in one of our two
lounges. (reservations not required)
Just �c ®per person
4TObBLOOMS
REG. '1.50
Give someone something special for Easter
this year. We have an excellent selection
of Easter and Spring Silk, Dried 8. Fresh
arrangements. Plus a terrific selection of
beautiful green plants, including;
Hydrangeas, Caladiums, Mums and
Azaleas. All heart warming gifts for Easter.
SMITH'S FARM & GARDEN CENTRE
82 SOUTH ST., GODERICH
The Pork News and
Views also indicates that
a. _ farrow to finish
operation needs a market
price of $55.69 per cwt.
when weaner pigs are at
their current price of 85
cents.
When asked about .the
possibility of evoking
Pork Stabilization, Mr.
Pullen said, "Producers
will probably ask for it,
but, with the high prices
during the most of 1979 it
may not 'amount to
much."
1
�.t
ft
Stabilization is based
on the average weighted
pork price during the last
five years. This works out
to $62..56 per cent.
The current year runs
from April 1, 1979 to
March 31, 1980. During
the first six months of this
period theprice ranged'
from .61 to 67 cents which
would keep the yearly
average high. .
The , last time-; Pork
Stabilization, a federal
program was used was in
1973.
KATHIE STA NBURY
DUNGANNON 529-7949
QUALITY PRODUCTS AT VERY REASONABLE PRICES
WE'VE
MOVED!
THE HURON COUNTY
PUBLIC LIBRARY
IS NOW LOCATED
AT
66 WA'TERLOO ST,
GODEISICH
HOURS: 8:30 - 4:30
DAILY
STER
FASHIONS.
INBLOOM
S.
524-7751
new look
new colours
new textures
We've styled your smart SEJringwear
into a wardrobe Of
•
•
Easter holiday! Find
skirted suits, jacketdresses,
coats and costumes
to outfit every occasion
to come your way .. , -
-• featuring the newest.
details and softly tailored
elegance of the Springiest
fashions of today.
L
STAN
JONES
0 SHOPPERS SQUARE GODERICH
SHOPPE
LIMITED
Open All Day Wednesdays = Open Friday Nights Till 9 p.m.