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May 07, 1976 - Image 6

Resource type:
Text
Publication:
Michigan Daily, 1976-05-07

Disclaimer: Computer generated plain text may have errors. Read more about this.



Spring Term ART CLASSES
$20 for 7 TWO-HOUR SESSIONS
Materials Not Included.
BEGINNING Week of Moy 10
Stop by U-M Arts & Crafts Guild to register now
Siconod F oor. Michician Union
JEWELRY: L f C rts Thursav. 7-9 sDM
LEADED GLASS: Iroe Doloanion- Mondav3 5 p m.
MACRAME: Soasro , Mr Weirso dos 7, 9 m.
BATIK: Cr I t WdrcIvs 35 p.
P fOTOGRAPHY: Mk Rr on Tmlv. 3 5 pm.
SCULPTUR': 1 Wcl Mo 7 /9 ow
WEAVING: C:: I fa _tluc d;a7 , 9 om.

Retail prices likely to increase

WASHINGTON (47 - Rising steady stream of upbeat eco-
farm prices brought an abrupt nomic news, which President
end to five months of nearly Ford calls one of his winning
stable wholesale prices in April issues.
and signaled a probable new THE DEPARTMENT said a
round of increases at she retail 4.2 per cent jump in farm prices
- biggest in a year - was to
The report yesterday from the blame for an eight-tenths of
labor Department marked the one per cent increase in over-all
fir;t major break in this year's wholesale prices last month.

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iVMIAV PETER BLATTY axe:e PĀ±ods o NOEL MARSHALL
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Wholesale prices had shown
little change since October and
even declined at an annual rate
of 1.8 per cent during the first
three months of the year. lIeTail
price increases slowed to 29
per cent annual rate in the first
quarter.
But administration econnists
had warned that the low infla-
tion rate was unlikely to last
and said prices were expected to
begin picking up again.
MAYNARD COMIEZ, the Com-
merce Department's acting chief
economist, called the April
wholesale renort "about what we
exnected." He said as the eco-
nomic recovery continues and
expands. "we are likely to see
some rising prices, but I don't
think it's going to be in double-
diit figures"
The economist noted that re-
cently annon-ed price in-
creases for steel, alumintm and
gesoline have vet to be reflected
at the retail level, and will be-
ein showing up in May and
Jone.
Asked abou:t the"ipril ,rice
s,,rgo, White- I: se lPress Sere-
-'v IOrn Nes-en saitot:'tht
-1 sinaller in.csc ws iexpectedl
an Mai.
APRIL'S eiht-tenhs of ne
per ent iio iease, :adjsed tot
coimt for easonal inflences,
o the tirz st since last Octo-
hi when >ou-sese prices rose
1.1 per cInt. If prics increased
at the April rate for 12 ionths
they would be up early 10 per
cent.
Ford a-inistratio officials
forcest prices will neroase
about ten per cent this year, an
improvement over the seven per
cent rise last year nd the 12.2
per cent julp in 1974.
Wholesale p r i c e increases
eventually show up at the retail
level, thougth there re time ags
aid relationships are not always
precise.
HIGhER prices for livestock,
eggs and coffee offset declines
for poultry, grains and milk last
moith. Farm prices had de-
clined dring the firstdthree
months of the year.
Prices for processed foods and
feeds also.rose sharply in April,
climbing 1.9 per cent swith le-t'
reflecti ng the higher livestock
prices.
Industrial prices, regarded as
a more reliable measure of in-
flation, rose only three-tenths of
one per cent in April. Metals,
paper and chemicals were up
while prices declined for lumber
products.
ESPECIALLY worrisome was
a sharp second consecutive
monthly increase in crude ma-
terial prices. These advances
will show up in the coming
mouths as they work their way
through the price chain,
The category of wholesale
prices related most directly to
retail prices is the sector called
consumer goods. These prices
rose 1.4 per cent in April after
declining in each of the previous
three months.
Paintings
of Bali
Wijaya Wilson
May 3-30
OPENING: MAY 6, 7-9
with the
U-M GAMELON
Union Gallery
FIRST FLOOR
MICHIGAN UNION
Tues. Fri. 10-6, Sat. Sun. 12-6
phone 764-3234

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-SHOWTIMES--
FRIDAY, MONDAY, TUESDAY, THURSDAY-7:00 & 9:00 Open 6:45
SAT., SUN., WED.- :00, 3:00, 5:00, 7:00, 9:00 Open 12:45
Passes, Guest night, and Bargain Day suspended for this engagement.

Fifth Smash Week!
SHOWS TONIGHT AT 7 & 9:00
OPEN at 6:45
Sat. & Sun. at 1-3-5-7-9
"An exhilototing thriller. Supremely droll and
graceful .. . The Old Master Alfred Hitchcock
is in the cheerful mood."-Vincent Canby, N.Y.
Times
From the
- devious-mind of
Alfred Hitchcock,
a diabolically
entertaining
motion picture.
ALFRED HITCHCOCKS
hl \ ILA N BRLV 1DERN -ARARA A\MS
\\llA, 1E\NL -- ill ut ERNEST lEHMAN
W III IIIM 51 11 1 f, I I\ Ii I ,: i, \NIV A
x'T..A DIII K'd 14 \\I'

a

' e v HELD OVER!
Second Hit Week!
TONIGHT at 7 & 9
OPEN 6:45
Sat. & Sun. at 1-.3-57-9
ACADEMY AWARD NOMINEE
NOT SINCE
LOVE STORY..
The true story of Jill Kinmont.
The American Olympic
ski contender whose tragic fall
took everything but her life.
And who found the courage
to live through the love of one
y -very specialiman.
.THE OTHER SIDEOF
THE MOUNTAIN
"THE OTHER SIDE OF THE 'MOLNTAI tiSoorng MARII I\ HASSETT as slH Kinmont and BEAU BRIDGES as Dick Buk
BELINDA 1. MONTGOMERY " NAN MART IN - lA4 E 1 COLEMAN . BILL VINT .-WILLIAM BRYANT
A FILMWAY S LARRY PEFR(CF PRCI i 10 - SaettnP|a by DAVID SELTZER
sra dnnthe book-A LONG\WAY UL" bv & G '\Al y t c.MuschbyCHARLESFOX "-Dirt<W by LARRY PEERct
r cued >, DWARD S.EDMAN --ItHNICOLOR A UNIVERSALPICTURE
iTAVIABLEX V O CAR A _E
lieu oa s goslua u Ic "i Mi. " .U"S
krx bfX~npE~M GI6[L y C~n~~l 3.a ms <+ a, . s~surar. w-

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