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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.