The Mason City Globe-Gazette from Mason City, Iowa on March 7, 1934 · Page 28
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The Mason City Globe-Gazette from Mason City, Iowa · Page 28

Mason City, Iowa
Issue Date:
Wednesday, March 7, 1934
Page 28
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Page 28 article text (OCR)

FOURTEEN MASON CITY GLOBE-GAZETTE LOANS COST ONLY 3 CENTS A BUSHEL SPEND ON MILK If the family is forced to live on a restricted diet (costing BOW around J23 a month) 25 to 30 cents of every food dollar should go for milk and cheese. Farm Sale Dates Claimed Thursday, March 8, 10:30 a. m.--Auction Sale, Lund's Sale Stables on Highway 18, at east edge ot Mason City. Tuesday, March 13, 12:30 p. m.--Public Sale, John Christiansen, 2^ 2 miles north, zy t miles west of JVora Springs. Wednesday, March ,14-Public Sale to be held at farm, 5 miles southeast of Mason City. James Pedelty and Sons. Sale Dates Are Listed Free of Charge in This Space Each Wednesday If you want your sale listed, just send in the place, date and owner's name to the Globe-Gazette, attention of V. C. Hicks. Spring Is Best Time to Fix Up Ward and Company Backs Campaign on Farms for Painting. "Fix Up Your Farm During the Spring of 1934" will be the slogan of Montgomery Ward and company because it believes that with the increase in farm products returns through the reduction program, the spirit of 1934 will prove to be the-beginning of prosperity for the farmer and will enable him to fix up his farm, which has been allowed to deteriorate during the past few years as a result of depressed conditions or lack of sufficient income from products of the soil. To back up this slogan, Wards is offering low prices for paint that will give satisfactory wear under any certain conditions. All Ward paint has had the benefit of factory, laboratory and customer tests. It will retain its lustrous finish under the most trying conditions. The year 1934 has already proved that Ward harnesses of first grade leather and harness accessories are greatly in demand. They are made by expert workmen, who cut every strap full size and are enforced with strong heel chains that make it sturdy enough for the heaviest work. You can buy a Ward Russett King or Field King with one and one-half inch or one and three-quarter inch traces at prices that will surprise you for quality merchandise. Believing that the customers are confirmed in the belief that quality is essential in all merchandise, Wards entered the Quality Campaign with other Mason City merchants in baclv ing the series of quality advertisements in the Mason City Globe-Gazette with quality merchandise at the lowest possible price. Four Varieties of Lettuce Out Four types of lettuce appear in most markets: The crisp head, the butter head, cos or romaine, and leaf lettuce. Most of the crisp-head type is of the New York variety, erroneously called Iceburg. The butter-bead lettuce is represented by Big Boston and White Big Boston. Romaine has an elongated head, a coarser leaf, stronger flavor. Leaf lettuce does not head. DELCO-LIGHT SERVICE NOW AVAILABLE FOR ALL PLANTS W E CARRY at all times, a complete stock of repair parts, as well as Batteries, Complete Plants, Vacuum Cleaners, Flatirons, Radios and Bulbs. I F YOU do not already have a Delco- Light plant, we will gladly show you the convenience of having one. MAKE OUR STORE YOUR HEADQUARTERS WHILE YOU ARE IN MASON CITY Central Battery Electric Co. AUTHORIZED UNITED MOTOR DEALERS PHONE 494 117 SOUTH DELAWARE We Solicit Your Patronage-and Carry a Full Line o f . . . COAL SEEDS FLOUR FENCE and DAIRY and POULTRY FEEDS --Custom Grinding-CERRO GORDO FARMERS CO. -^ Pledqe to the housewife If TOWN CRIER flour does not produce the best bread, biscuits, cakes, pies or pastries you have ever made, return the empty sack to the Cerro Gordo Farmers Co. and your money will be returned. THE MIDLANDFLOi MILLING ("0 .-· ' ' KANSAS I I I CITY *»" PHONE 270 500 THIRD STREET N. E. Differences Show Up in Corn Money Average in Iowa Down to 2.2 Cents a Bushel. Loans on farm warehoused corn, disbursed to farmers at the rate of a million dollars a day by the Commodity Credit corporation, will cost farmers an average of less than 3 cents a bushel on corn placed under seal as collateral. This charge includes all initial costs of inspection, sealing, and interest and insurance for the 10-month period. Corn now sealed in farm warehouses for loans in 30 states, where the bulk of the loans are being made, is eligible for total loans of about $75,000,000. The loan rate is 45 cents a bushel, the rate of interest 4 per cent, and the maturity date of the notes" given by borrowers is Aug. 1, 1934. Average 1,300 Bushels. The average loan for each farm is made on approximately 1,500 bushels of corn, and on this basis the cost of the loan is between 2 and 3 cents a bushel, according to William S. Bradley, in charge of corn loans. The difference in cost is due to the variance in charges for inspection and filing in the several states. In Iowa, where the largest number of loans are being made, the charge for filing the note costs 25 cents for any size of loan. The inspection and sealing charges, also fixed by the state, is % cent a bushel, or $3.75 on the average 1,500 bushel loan. The interest, computed on a 10-month basis, amounts to $22.50 on the average loan, while blanket insurance for the government is costing 1-49 of a cent a month, or $3.06 for the entire period on the average loan. While it is not mandatory that the producer carry regular insurance, this cost is included in the estimate, and will amount to $3.50 for the average loan. Total Cost $33.06. Thus, the whole cost for the average loan in Iowa will amount to a total of $33.06 for the entire period, or 2.2 cents a bushel, if the loan is allowed to mature and is paid off by the farmer. There is no recourse on the borrower, provided the loan agreement is fulfilled. If at maturity the market price should be less per bushel than the loan amount per bushel, the borrower may discharge his obligation by turning over the stored corn to the Commodity Credit corporation, and in such case, the farmer is not liable for any of the charges, except those incurred by himself, such as regular insurance, cost of sealing and filing. The farmer is liable for interest, and blanket insurance, only if corn rises above 45 cents a bushel and he pays off his note. QUALITY IS AIM OF STATE BRANDS (Continued from PaRe li) the dairy course at Iowa State college in 1930, made his home at Wesley. After completing his work at Ames, he- spent several years with the Carl Ahlers company, one of New York's well established butter firms. These two men work in cpl- laboration with Prof. A. W. Rudnick and Hubert Meier, all of whom spend practically their full time with the member creameries belonging to the Iowa State Brand marketing organization. All the cream received at member plants is examined at frequent intervals and assistance is given to the many patrons so that the finest quality raw material can be assured. Depends on Checkup. However, the organization does not .depend entirely on this checkup, for after the butter reaches Mason City another graduate and employe of Iowa State college devotes his full time in checking the finished product. R. C. Willey of the dairy extension service, who located in Mason City some two years ago, inspects the butter carefully and makes certain that the Iowa State Brand butter meets the exacting requirements established by the Iowa Butter control. Mr. Willey also directs the activities of the laboratory, which performs a valuable service to all member creameries. The Iowa State Brand creameries will hold its spring quarterly meeting March 29, and on this date there will likely be from 150 to 200 creamerymen of North Iowa in' session at the nlant. Public Sale On my farm, 2 J/ 2 miles west and 2 '/ 2 miles north of Nora Springs, 2 miles south and 1 mile east of Rock Falls, 7 miles east and 2|A miles north of Mason City. Tuesday, March 13 12:30 P. M. SHARP 5 HEAD GOOD WORK HORSES. 12 COWS, some fresh, some to freshen soon. 5 WHITE FACED HEIFERS, coming 2 years old. 4 WHITE FACED STEERS, coming 2 years old. 6 LAST MAY CALVES. 3 FALL CALVES 2 HEIFERS, to freshen soon. 8 foot Deering binder; Deering 6 It. mower; Deering corn binder; John Deere corn planter; John Deere manure spreader; Case 2- row cultivator, nearly new; 2 wide-tired wagons, with triple box; wide-tired wagon with rack; 2 one-row International cultivators; Case one-row cultivator; 16 wheel disc; 20 foot drag; drag cart; bobsled; cutter; hay loader; side delivery dump rake; surry; top buggy; corn shelter; corn slieer; fanning mill; John Deere sulky plow; breaking plow; endgate seeder; 11 ft. seeder; scoop board; dehorning rack; Cowboy tank heater; hog troughs and feeders; breeching harness; two team harnesses; single harness; collars; hay carrier; sling and rope; Delaval cream separator; corn tester; 20 rods woven wire; forks and shovels. Schultz upright piano; China closet; table; 9 beds; Vktrola; kitchen cabinet and other household goods. 20 TONS OF HAY SOME STRAW TERMS: Cash or as arranged with clerk. No property to be removed until settled for. John Christiansen, Owner JACK DORSET, Auctioneer. FIRST STATE BANK, Nora Springs, Clerk.

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