12—Lancaster Farming. Saturday. July 21. 1
Phase 4
(Continued From Page I)
Thursday. Futures contracts on
all grains were up the limits. Egg
marketers are looking for dollar
a-dozen days come September.
In exempting food prices from
the freeze, President Nixon
called on American farmers to
produce as much as they can in
the next few months.
He said he hopes that reports
are untrue of farmers not wan
ting to raise livestock because of
uncertainty over price controls.
“The rules we are setting forth
today should give the farmer
confidence that the government
would not keep him from earning
a fair return on his investment in
providing food,” Nixon said
Wednesday
Noting that the freeze has
caused some withholding of
supplies from the market. Nixon
said the dilemma is no coin
cidence
“It is because food prices were
rising most rapidly that the
freeze held prices most below
PUBLIC AUCTION
OF HARDWARE AND LAWN & GARDEN EQUIPMENT
SATURDAY, AUGUST 4,1973
Will be sold at Public Auction on the premises of
Farmersville Equipment, Inc. in Farmersville, Penna.
1/4" Electric Drills; Corning Bowl Sets; Tool Boxes;
Fireplace Furnishings; Step Ladders; Extension Ladders;
Wheelbarrows; Bicycle Baskets; Pool Table; Blackboards;
Stove Boards; New Housewares; House Brooms; Dust Mops;
Electric Hot Plate; Electric Ice Crusher; Electric Heating
Pads; Flower Pots; Redwood Picnic Table & Bench; Electric
Sweepers; Ice Chests; Camping Cots; Lawn Chairs; Patio
Grills; Electric Toaster; Electric Hand Mixer; Sewing Chests;
Ironing Board Pad & Cover; Electric Light Fixtures;
Sleeping Bags; Tents; Parts Trays; Croquet Sets; Border
Fence; Lawn Fertilizer.
Rheems 30 gal. Gas Water Heater; Refrigerators; Stoves;
Monitor Washer; Fedders Air Conditioners; Wood stoves;
Caloric Double Duty Automatic Gas Disposal; 3 Point
Hookup Scraper Blades; Aluminum Storm Doors &
Windows; Screen Door Screening
Used Norge Wringer Washer like new; Color TV, Oil
Heaters, Chest Type Freezers; 2 HP Electric Submersible
Pump w/Switch & Cable
New MTD & Bolens Roto-Tillers; 6 New Compost
Shreaders & Grinders; 2 New Hudson 12 gal. Sprayers; 1
New Mott Flail Mower 18"; 5 New Lawn Boy Power
Mowers; 5 New Homelite Chain Saws; 5 Used Chain Saws; 1
Used Mott 38", 8 HP Trailer Type Flail Mower, Like New;
New Gilson 5 & 8 HP Riding Mowers; New MTD t & 8 HP
Riding Mowers; Used Bolens 6,7, 10 HP Tractors
w/Mower; New Portable Space Heaters; 10 Used Riding
Mowers & Garden Tractors, All Sizes; New Bolens G-8 8 HP
Electric Start w/32" Mower; 1 New Bolens G-10 10 HP
w/38" Mower; 1 Denco G-10 10 HP w/38" Mower; 4 New
Lawn Utility Sheds, 1 - 6'xB'; 1 - 8'x10'; 2 - 10'x10'
6 New & Used Chibl Mini Cycles; 10 New & Used MTD
Mini Bikes (3-5 HP Models); 10 New Huffy Bicycles (All
Sizes); 1 Used Bolens 16 HP Snow Mobile; 1 EZ 6'xB*
Double Snow Mobile Trailer w/4 Cycle Racks; 1 Attejc Six
Wheeler, 21 HP
Refreshments
FARMERSVILLE EQUIPMENT
R. D. 2, Ephrata 354-4271
FRANK and PAUL SNYDER, Aucts.
859-2688 - 733-7052
their natural level and therefore
had the worst effect on supplies.”
Treasury Secretary George P.
Schultz said the controls program
is being introduced gradually in
such a way that a bulge of price
increases expected to follow the
freeze will be stretched out over
several months.
Nixon said the tendency for
prices to go up in the remainder
of this year will be less than in the
first half “but greater than
anyone would like.”
“Particularly, there is no way,
with or without controls to
prevent a substantial rise of food
prices,” the President said in his
statement.
By 1974, Nixon said, “we should
be able to achieve a much more
moderate rate of inflation.”
The President also took steps to
increase the import of dried skim
milk by some 80 million pounds
from other nations in an effort to
increase food supplies at home.
stabilizing the price of
food remains a primary ob
jective.
“Stabilizing the price of food
would not be accomplished by
low price ceilings and empty,
shelves, even if the ceilings could
AT 11:00 A.M.
HARDWARE
NEW
USED
LAWN & GARDEN
RECREATIONAL
Sale time, 11:00a.m
Terms by
be enforced when the shelves are
empty,” he declared.
Nixon said the evidence is
becoming overwhelming “that
only if a rise of food prices is
permitted now can we avoid
shortages and still higher prices
later.”
Phase 4 had been described in
advance as a tough new system of
price controls much like those
that Nixon clamped on the ec
onomy during the Phase 2 system
from November 1971 to January
1973.
This meant tighter en
forcement by government
agents, pre-clearance of wage
and price increases with the
government by big companies
and big unions, light rules
allowing businesses to raise
prices only enough to cover their
cost, and restraints on profit
margins.
Nixon opted for a new freeze
when inflation exploded in the
first half of this year, un
dermining his largely voluntary
wage-price control system known
as Phase 3. Consumer prices
increased by 9 per cent during
Phase 3 and food prices by more
than 22 per cent.
Although Phase 3 was designed
to rid the nation of economic
controls, Nixon decided on a new
freeze to buy time for Phase 4.
The President says the new price
control setup will likewise be
designed to shed the country of
controls.
The price freeze resulted in
severe hardship in some
segments of the food industry
after Nixon decided that prices of
raw agricultural products would
be frozen at the supermarket.
This resulted in some farmers
cutting back production, the
killing of baby chicks, and closing
of some processing plants caught
in a financial squeeze by the
freeze.
The food industry predicted
that unless the price freeze was
lifted quickly the nation might be
facing food shortages soon. Still,
up until Wednesday’s an
nouncement, the administration
granted few exemptions from the
RED ROSE FARM
MR. FARMER
ARE YOUR HOME
SHORT SUPPLY?
Red Rose Farm Service offers a complete selection of
Solanco Dairy Rations to meet every farmers feed-,
ing requirements.
Have you seen our coarse textured dairy feeds?
Red Rose Solanco Dairy Rations are manufactured
with the highest quality of ingredients available, and
fortified with the proper amounts of vitamins and
mineral requirements.
GRAIN BANKING PROGRAMS AVAILABLE.
MAIN OFFICE
N. Church Street
Quarryville, Pa.
786-7361
My Neighbors
“I washed the windows,
notice?”
freeze
The administration blamed the
sharp rise in food prices on strong
domestic and international
demand for food.
SERVICE INC.
GRAINS IN
For Complete Information Call One Of Our
Conveniently Located Stores Today
vm
w
m
Farm Calendar
continued From Page I )
Tuesday, July 24
Annual Conservation Field Day -
County Plowing Contest.
Wednesday, July 25
National Farm Safety Week
begins
Region 1 Ladies Day Out, Pott
stown Holiday Inn.
Thursday, July 26
10:00 a.m. - Lancaster District
Holstein Show - Guernsey
Barn
Lancaster County Swine
Producers -- Board of
Directors meeting, Farm and
Home Center.
Saturday, July 28
Lancaster County Farmers
Assoc, picnic, Lampeter
Fairgrounds.
GRAIN
ELEVATOR
New Providence
786-3427
BUCK, PA.
284-4464