Newspaper Page Text
wiEDNESDAY, AUGUST 29, 1951,
G : l
I Gov{. Loan
N farmer has to take too low a
rice for his cotton this year, C, A,
(ard Chairman of the County
production and Marketing Admin
istration Committee said today.
«We'll have a good crop com
ing to market this fall,” Mr. Ward
explained, “but the carry-over
ciocks are small and demand sis
noar the highest on record. With
Government loans available to
protect the price and feel the crop
io market as needed, farmers will
have only themselves to blame if
they flood the market with their
1951 cotton crop.”
Lxperience under past cotton
loan programs indicates that far
mers benefit from orderly mar
keting which Government loans
moke possible.
I,oan rates in Clarke County are
29 45 cents per pound for Middling
15-16 inch cotton and 33.10 cents
for 1 inch. With a loan, the produc
or not only assures himself of at
lenst that much income, but he
helps strengthen the market and
protects prices
" 1{ the market price advances, the
producer can repay his loan and
<ll his cotton above the loan value
.15 his cotton will be pooled
| he will receive a share of any
nrofits resulting from its sale by
tha Comunity Credit Corporation.
For the 1948 crop. Such profits
amounted to $67 million, or an
Jverage of about $17.50 per bale.
Since the loan is non-recourse the
producer has no obligation to make
sood on any loss the Government
might incur from a decline in
the market price.
“Tha coton loan can help a lot”,
Chairman Ward said, “and it's
only common sense for a farmer to
protect his investment with a loan
in years when a large crop could
upset the market. Each must be
he judge on placing his cotton
% nder loan, but he should consider
carefully the advantages of the
loan program.”
In formation about the cotton
loan program may be obtained at
‘B e County PMA office.
| I
LLivestock Sales
"
Heavy; Trading
A I
| Confinues Active
| Livestock receipts at the local
sale Wednesday afternoon totaled
228 Cattle, 162 Calves, and 110
hogs. Cattle and calf receipts
e were on a par with one week ago.
f Trading was fairly active, cattle
prices were mostly steady, except
cows were 50 lower and slaughter
bulls were SI.OO to $1.50 lower.
‘PSlaughter calves were mostly
steady, but stock calves were
steady to SI.OO lower. Hog prices
were SI.OO to $1.50 lower than last
48 Wednesday.
Good and choice slaughter steers
Band heifer yearlings brought
£ $30.00 to $34.50, while commercial
tofferings sold from $26.70 to
(E®520.75. Utility steers and heifers
tbrought $22.80 to $25.50, and can
iner and cutter offerings sold from
$20.00 to $21.30.
Good and choice slaughter
calves and vealers brought $30.00
ito $34.25, while commercial of
ferings sold at $26.00 to $29.00.
Utility calves and vealers brought
J 8523.00 to $26.00 and culls sold
down to $20.00. Utility slaughter
ficows brought $21.70 to $22.10, and
cutier eows ranged from $19.00 to
$21.00 and canner cows sold from
"EESI6.OO to $19.00.
Commercial and good slaughter
bulls ranged from $24.50 to $28.40,
while utility offerings brought
$22.00 to $25.00. Canner and cut
elr bulls sold from $20.00 to $21.75.
¢ Good and choice stocker steers
120 heifers brought $29.00 to
$33.50, while common and medium
' rings sold from $21.00 to
$23.00. Inferior offerings sold
pown to $20.00. Good and choice
Slock ealves brought $20.00 to
B° }2 30, while common and medium
Jllerings ranged from $23.00 to
$30.00. Inferior calves sold down
) $21.00.
» ifi‘;hém and choice 180-240
» arrows and gilts
f" 10 to $22.00, . -
| o———
| 'HINESE DOLLAR SHRINKS
HONG KONG.—(AP)—A drop
! money sent to Red China by
‘lesa overseas has resulted in
' “breciation of the Chinese Com
grunist dollar,
_ Hong Kong banks report the
o] dollar has dropped to 27,000
[ ' 31 U. 8. from the offlvial rate
.= 000 for sl. Chinese abroad
o, -emmit through official chan
Ԥ = Mmeaning that their families
L 'na received only about 70
|~ ° on the dollar in South China.
b “°TS Teported a 60 percent
' In money transfers from
- ¥
-
’
-
t..cmrom-uclnn 2 -
tontaing 30,000 ifiternae /
tional units of NAT~
URAL estrogenic hore
Mones, These hore
Mones may hb. EF
80rbed into the s
0f BREASTS, ; '
INECK, and HAN&. to
said {n Achieving a
Younger, flrmtel;-
BMoother 2ppeArance.
1t you are no!%fl&’
lds;.v saiatied return
the empty jar and ge
“} ur monQK back.
-Ompare the hor
llm:x{th :? fi-&&m
other crumax;old at
ek higher p Cg s
develop yo Y mg
hogkir |& . m!fi i‘ n}fld
~{t p?neu?m
80l Soc tax.
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