NFU not pleased with economy . WASHINGTON, D.cr-The substantial reduction t in inflation which has been reported forthefirst three months of 197$ does not mean that the tong-run inflation problem (S'the nation has been - licked, Tony- T. Dechant, president of the National Farmers Union, said last Monday. “The underlying inflation rate, is still at around five or six percent-and the annual rate of increase, of the consumer price index is still likely to' be 'about seven 6 J/fJiTr HAND Mm l m wf A " .percent for the year,” Dechaht explained. “The real thrust of inflation is merely being obscured at the moment by low prices in the farm and food sector. - The Farmers Union spokesman charged that farm prices and income, currently at 70 percent of parity, could drop even further because the basic, price'support loan levels on several major crops are in the range of 30 to 40 percent of parity. /x OUR GRAND PRIZE! / j» j^; U.S. Labor Department officials- reported Wed nesday that the inflation rate bad dropped in the first quarter to 2.9 percent which compareswith an 'annual average of seven percent in 1975 and almost 12 percent in 1974. “The developments in these first three months of the year do not mean that the economic policies of the Administration .are , working,” Dechant con tinued, “Fanners are simply being' asked to take the tm? ffinltiaj} or 2 via #C¥V%T.AML * GERMANY * AUSTRIA * ITALY * SWITZERLAND A glorious all-expense-paid 15-day Pan Am World Tour for two, arranged by Ridgeway Tours . . . that's the "Alpine" holiday to Germany, Austria, Italy and Switzerland, our grand prize! If you win, you'll depart from New York's JFK International, dining aboard your Pan Am 747 Jet; en route to Frankfurt. Then, it's off on a colorful tour via deluxe air conditioned motorcoach. You'll see spectacular mountain scenery, quaint villages, fascinating castles and cathedrals, glamorous cities. You'll visit romantic Heidelberg, charming Vienna, medieval Salzburg, picturesque Bavaria, exciting Munich, scenic St. Moritz. Cruise on the beautiful blue Danube. Thrill to mountain peaks reflected in lovely Ujike Como and Lake Lucerne. Everywhere you go, 'you'll live luxuriously in first class hotels with private baths, delicious meals, sightseeing, night life and many extras. And cordial Pan Am will make sure your “Alpine" tour carefree! BE SURE TO REGISTER for tl special prize on the second floor - either Watt & Shand stoi Downtown or Park City.- All adults other than Watt & Shand employees and their families are eligible for this _l, " _ pnze~No purchase necessary " —' —-Winners may choose a JIOOO shopping spree as an alternate pnze punishment for the rest of the economy. “It causes hardship for our farmers now, and if it con tinues to,be the principal inflation-control strategy of tiie Administration, it could well bring disaster for the consumer and the economy as a whole if fanners are unable to continue in production,” he warned. Dechant said that if the nation’s farm producers do not have a reasonable economic incentive, the nation could be in for a new DOWNTOWN: FRIDAY AND MONDAY 9:30 TO 9 • OTHER DAYS: 9:30 TO 5 PARK CITY: 10 TO 9:30 DAILY ANNIVERSARY SALE This is the big one . . . Lancaster's greatest sale ... a value packed two-store event that gets bigger and better every year. Savings galore for everyone! & a Av>j *'/ Poultrymen from labor and increase the ef throughout Pennsylvania ficiency of poultry are expected to gather at the production. It’s a proven Robert Lavin Farm system that allows southeast of Lancaster,, on poultrymen to use building Wednesday, May 5 to' view space more efficiently. the first modern Triple- The Open House will be Deck, Slant Back Cage held from 10:00 aon. to 4:00 Laying System in the region.' p.m. on Wednesday, May S This high density Northco and special signs will mark System is designed to reduce the way to the fann on that day. cycle of shortages and in- TDV A flated retail food costs which I l\T M “would make 1973 look pale r . rr « by comparison.” ULAbbIMLU Starts Friday at Both Stores! DOWNTOWN LANCASTER AND PARK CITY EIGHT DAYS TO SAVE! 41^ u • Lancaster Farming, Saturday, Ma: Open'House scheduled 98th I ** , ‘AW* r I ** Tffnrmat /v £*' In-T^ # , _ Munich J _ Salzburg ' .Lucerne, —.-•Villach j \*Merano Lugano#' St'Moritz T^i P'^vN 1.1976 s frankfurt ■.Heidelberg 51
Significant historical Pennsylvania newspapers