The Courier News from Blytheville, Arkansas on October 3, 1949 · Page 23
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The Courier News from Blytheville, Arkansas · Page 23

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Blytheville, Arkansas
Issue Date:
Monday, October 3, 1949
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Page 23
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T JIQNPAY, OCTOBER 3, 1049 Farm Mortgages On the Decline Trend is Revert* Of Situation After End of World War I An important Indication of the current financial strength of the nation's farmers r <5 a whole and the prudence with which they have handled their record incomes of recent years is found in the trend of farm mortgage debt In the past war and postwar period. The current position takes on added Importance since it Is In »uch marked contrast with the corresponding trend during the ft'sl World War period and the "free ensuing years. A financially strong agriculture is of the utmost significance to the nation's economy since agricultural distress has played a major rolo in past depressions. Net Hedut'tion Keporleit figures compiled by the U. S. Department of Agriculture show that farm morfgige dent went oown consistently during the entire period of the past war, dropping from $0,586 millions at the end of 1039 to $4,632 millions at the end of 1945, a decline of 29 per cent. The 1945 farm mortgage debt figure was the lowest in 33 years. In the last three years the trend has been upward, but the gain for this period has only been $426 millions, or 9.1 per cent. Thus In the last, war and postwar period from 1040 through 1948, farm mortgage debt sh. ed a net reduction of $1,478 millions, or 22 per cent. The _-orresponding period in the •first World War, covering the war Itself and the three postwar years, runs from :• 15 to 1921, inclusive Farm mortgage debt rose sharply throughout this period. The aggregate debt was 54,901 millions at ihe end ol IS14. By the end of 1918 the total was up to 57,137 millions, a gain of $2,146 millions or 43 per cent. In the following three years the total farm mortgage debt Jump* to $10,702 millloss, a gain of ",5G5 millions or 50 per cent Thus i" the first World War and the three postwar years, total farm mortgage debt rose $5,711 millions or 114 per cent; Non-real Liquidity Ratio 'estate debt rose MUXJ 111 injitu \\' f ir ami postwar periods but the gain this time has not been as rapid nor as large as during 1915-21. As a matter of fact, about one-sixth of the approximately J6 billions of aggregate non-real estate agricultural debt at the beginning of this year represented crop loans under price support legislation. Furthermore the overall financial liquidity of farmers as a whole is high. According to preliminary Department of As- nculture figures, farmers in the n" gregate had about $2 in cash or ,7 S equivalent at the beginning of th ^nu.vtucm at cne beginning of this • * j^to. v*iuwcrs in 1948 year for every dollar they owed cllj °5 :ed a seller's market. Turkeys , A ' th = en , d ° { 1939 '"<* had or* ^!L!";*° r ^"H* «"" P™ei ob- BLYTHEVlLLi: • Carson Lake Farmer Builds Home On Site Once Used by Indians By Harry A. Hahies Courier News Slaff Writer The Coble family has farmed a gment of southern Mississippi ouiuy land for many years—the best guess at just how many would be about !UO. The. modern home which Alec Goble and his family built last year stand's on ihe site tfie old Gdble family home occupied several generations back. That particular piece of land, incidentally, is one of the highest (in manner of elevation) In the county and was fortnerly the location ol an Indian village. Indian relics still art found occasionally about the place. The new home is of brick and contains four bedrooms, a living roun, dining room, kitchen and two ba'lis One ot ihe upstairs bedrooms is especially large and was built for Mr. Goble'.; two SOILS who with a daughtei constitute all the children Hebrew Names Adapted TEL AVIV, Israel -<«_ New Hebrew names have been adopted by 11,000 peopb in Israel during tht past year. Authorities In the new state have been encouraging the Idea, it is thought especially appropriate for officials and em- ploye* of th« government David Ben Qurion, the premier has a Hebrew name that he adopted as a youth, it means "David, son °f G ,V, rton -" H also has a " historic significance. loscph Ben ourlon was a leader in the Jewish revolt against Home in ",$ A.D. Turkey Crop In Arkansas Is Doubled The Arkansas production of turkeys for the Thanksgiving and Christmas holiday trade will be more than doubled this year, according to the present outlook, which Is based on figures submitted by the Arkansas department ol the federal Bureau of Agricultural I Economies. Last year about 70.000 turkeys were grown in Arkansas and latest 1 estimates- point to a 155,000-bird crop for 1949. This represents a gain of 121 per cent over the 1948 total: The increase In production this year was attributed to two factors I Feed prices are lower and the hi»h puces paid for turkeys last year caused growers to step up production this year. Farmers in the United States are raising 41.107,000 turkeys this year 20 per cent more than last year! This is the second largest crop on record, being exceeded only by the 1045 crop of 44,000,000 birds. This year's large crop follows three years of sharp decreases—eight per .cent in IMS, 14 per cent in 1947 and nine i per cent-in 1948. . Qrowcrs in 194s! enjoyed a seller's market. Turkeys now living on the farm at Carson j Lake. Tw« ,ther daughters. Mrs Waym Bussej and Mrs. Whit Lawrence live in Wilson and Dyes, respective- Anothcr son, Alec Goble, Jr., lives uc Pecan Point. Most oi Mr. Coble's 380 acres is ID collci) this year and is largely thf same land which was cleared oy his father. C. C. Goble, one oi the pioneer farmers of the county. Into water-tanks oil trucks, and safely transported to another point where the drought's effects were less severe. Si.itlsllcs say that, tea Is the most popular beverage in the world. Vetch Rye Grass Alfalfa Aust. Peas Clovers Grasses Ky 31 Fescue JJJ Seed Oats ^k Fall Grains \ R.B.BUCHANAN 18.5 FRONT 5T HEHPttIS 7EHK At the end of 1939 they had on*/ ^ l(? ' '-••••' - >"«.» u. 50 cents in ca: nr its equivalent! T ed wcre th = highest of record. > Peed prices began to decline in ca: for every dollar aggrejale debt. The following table compares the trends of, overall farm mortcime debt: (000,000 omitcd) in the two — - • war and .periods: r-End Ain't: ; .... 5 4.031 5^256 . 5,526 6.537 7,137 1819 .... s.449 1920 10.221 1921 10.702 Net Gain $ 5.711 1915 1916-. 1917 1918 corresponding postwar First World War Second World War Year-end' Anvt. 19~> .:.. $8,588 1940 .... 6,491 1941 .... 6,372 1912 .... 5,951 1813 .... 5.389 1944 .... 4.933 1915 4,682 19)6 .... 4,777 1947 .... 4.882 ' 1948 ,... 5,108 Net Decline S1.478 Source: Bureau of Agricultural Economics, u. S. Department of Agriculture. • -•— «'- & «ii LU utcmie in May 1948 and by the spring of 1349 hey were cheaper than a year earlier, by more than a dollar per 100 ' pounds. These conditions brought' about renewed, interest in turkey production, attracting newcomers to the industry as well as the "in-and- out producers who were out of the turkey business In IS48. The newcomers are generally beginning on a small scale. Fireman, Safe My Fish TOULOUSE. Prance (AP)---Firc- men in the department of Lot were called to .rescue fish which were threatened with suffocation through the low water-level of the river Bavc. Two hundred pounds of fish were picked up in nets, transferred ZELLNER'S SHOE STORE No, 2, OSCEOLA, ARK, Owned and operated by Morris Zcllner, who also owns Zeltncr'i Shoe Store In Blytheville, Ark., which he established 15 years «RO. This Is another typical "Smith" installation. We designed, manufactured and Installed all th» fixtures in this slora. Our central Mid-South location saves Southern Merchants money on heavy shipping costs when in tho market for new- store fixtures. W« otfcr free planning service to our customer* and wa manufacture and install fixtures for all types of store*. For Fie* Eslimat* or Other Jn/ormofiox, Phont S-ajli or Writ* Smith Store Fixture Manufacturing Co. Creator* of Belter "Mnda in Memtltis" Slor« "3-ZQ NoHh Sf. MempWS| Tenn- DILLARD & COFFIN COMPANY COTTON FACTORS 107 South Court Av«. Memphii, T«im The Best Facilities for (he Marketing and Financing of Cotton Read Courier News Want Ads FIRST IN THE NATION We know that Mississippi County is first in cotton production in the United States. But did you know that now Chevrolet, first in the nation, offers you VALUES UNLIMITED in trade-in allowances, used, car prices, auto repairs, and automobile and truck accessories! Furthermore, your credit is good . . . you con pay as you ride. Yes, it's All Aboard for Values Unlimited at Sullivan-Nelson Chevrolet Co, CHEVROLET F_R VALUES UNLIMITED SULLIVAN-NELSON CHEVROLET COMPANY 301 West Walnut Phone 578

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