——— R\Ts “Phat ones one hundred bucks with the curse exorcised, or seventy: five as is? TRENDS © The Canadian dollar is close to $1.03. This is partly due to U.S. funds flowing into Cana- da for investment at higher in- terest rates than the U.S. prime rate of 8.75%. On the Vancouver scene a 60 day term deposit pays 8.5% in Canadian funds; only 7.5% in U.S. funds. If you converted your Canadian to U.S. funds, you could pick up about 3% capital gain; lose nearly 1% interest on deposits and final- ly have to find some way to spend your U.S. money without reconver- ting. There's no angle, except the hope that the Bank of Canada will lower the prime rate to keep Our dollar from soaring. INFLATION U.S. gasoline prices rose last week an average in- crease of 6¢ per gallon. B.C. prices will rise about 6¢ on April 1. Two thirds of U.S. citizens live within 300 miles of our border (new unit of distance = 1 tankful), so OF BUSINESS The price of — $U.S.per ounce 160}- 150 140 130 120 110 100 90; - Nov. Dec. | Jan. ae 1973 1974 Prices at Friday afternoon fixings inLondon| Gold price on Monday, March 4 was priced at $167 per ounce. Gold future contracts (sale price of gold a year from now, for instance) is over $200. This unofficial market is now unstable; a relatively small increase in the official >rice could tumble this market. Watch Out fer crocks selling futures contracts privately. © Baker's associations are asking fur < 4'tent rise in bread loat prices now and publicly tal ing of a spring price cf“ b. thie triehten= ing fore_ast is based on the rise of wheat prices from $2 expect booming teurist bus- to $6 per bushel in the last iness this summer. Food prices went up —-:" in 1973, the highest an- nual rate ever recoru-. in Britain. This was key issue in the fai:ure of the Conservative pi.ty in the recent (indevisive) election. 32. 18 months. Not explained is the fact tha: 85% of bread cost is ~rscessing and marketing ost; onl 152 ds) due bo Farm Value. Wneit would have wo ge to $33 per bushel to juscify SL LeShs ~c | LWERARY poucias © ARCK uv “3 ue hin