Logansport Pharos-Tribune from Logansport, Indiana on June 12, 1957 · Page 5
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Logansport Pharos-Tribune from Logansport, Indiana · Page 5

Logansport, Indiana
Issue Date:
Wednesday, June 12, 1957
Page 5
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Wednesday Evening, June 12, 1957. Soil Bank Fails to Stem Surplus Wheat Production WASHINGTON (UP) - A com-, the wheat cr °P this ...... . .. have been tremendous. bination of good growing weatner would and the productive know-how ot American farmers appeared today to have wrecked the government's soil bank program for wheat this year. Another big wheat crop is estimated despite the fact that 12,785,000 acres of wheatland were put into the soil bank. The Department of Agriculture pledged to pay farmers a maximum of 5230,848,755 in subsidies on land. Ibis It had estimated that taking Previous big crops that helped build up the surplus were grown in drought years. This year the drought appeared to be slowed if not stopped, and moisture in the wheat area is plentiful. "Crop prospects over much of the nation appear favorable for a large total production," the department said. The winter wheat crop, which is about ready for harvest, was estimated at 736 million bushels. This compares with the 1956 crpp of 735 million bushels. The spring wheat crop was estimated at 235 these acres out of production ] million bushels. This estimate was would cut the 1957 wheat crop by based largely on prospective 109-150 million bushels, thereby re- planted acreage in march, and during the surplus that has been j easily could go higher with g6od piling up for several years. 'growing weather. But .the Agriculture Department, Increase in Three Slates estimated today in its June 1 crop j The yield prospect for winter report that this year's wheat crop wheat i.s 23.6 bushels an acre, the Legion Heads Take Office New officers of Cass County American Legion Post 60 were installed Tuesday night by post commanders. Officers are Art Best, commander; Roland Mayhill, first vice commander; James Heimlich, second vice; Andrew Michael, adjutant; Jack Hanley, chaplain; Ed Taylor, sergeant-at-arm; and Ferd Burgman, senior finance officer. Best appointed "Don Michael as chairman of the house committee. ! He said more appointments would !be made at the next meeting June 25. Best also announced that the local post in conjunction with Walton Post 418 will stage an annual picnic on Labor Day at the Izaak Walton League. The 40-and-8 club will install new officers of the Walton Post on Thursday night, Best said. will total about 971 million bushels —only 3 per 'cent less than last year. If the estimated crop materia- izes, the surplus will be increased, probably by 20 million bushels or more, instead of reduced. Moislure Is Plentiful Department officials do not consider the money pledged under the soil' bank will •' all have gone "down-the-drain." They pointed out that if a huge acreage had not been retired from production, highest on record. It is sharply above the 195C yield of 20.fi bushels and the average of 18.6 bushels. Increases from May I prospects occurred largely in Kansas, Nebraska, and Colorado. These states in previous years were hit hard by drought. The department called the increases in prospect "sharp" in Kansas, "substantial" in Nebraska, and "continuing to improve" in Colorado. The prospective increases in the.sc states more Report 65,17-8,000 Americans Employed WASHINGTON (UP) — The number of employed Americans rose by 917,000 in May to a total of 65,178,000. .That svas a record level for the month. The number of unemployed persons looking for jobs edged up ward by 25^000 to 2,715,000, although some decline, is usual in May, the -Labor and Commerce department reported. The report said the increase in employment was about usual for this time of year. But, the departments noted, factory employment fell "somewhat more than usual" for the fifth straight month. The big increases were in farm and construction work. The departments said the rise in employment did not affect the jobless total because most of the .additioal job holders in May were housewives and students who had not been looking for jobs in April, and therefore had not been counted as unemployed in that month. The departments said that despite the increase in-job holders last month, total employment was "not significantly" higher than in May, 1956. The May 1957 total was estimated to be 22D.OOO higher than a year ago. Approve Acquisition Of TP&W Rail Stock WASHINGTON (UP) — The Interstate Commerce Commission today authorized the Santa Fe and the Pennsylvania railroads to acquire stock control of the Toledo, Peoria '& Western Railroad effective July IS. The commission rejected applications of the Rock Island Railroad and thf New York, Chicago & St. Louis Railroad to jointly gain stock control of TP&W. Jt also dismissed a similar petition Louis Railway. Under the plan, the Santa Fe will buy all TP&W's 90,000 shares of capital stock at $135 a share. Logansport, Indiana, Pharos-Tribune Flvs The Santa Fe will then sell 50 per cent of the slock to the Pennsylvania (company, a wholly owned subsidiary of the Pennsylvania Railroad. i The commission approved the sale on condition that existing routes would be maintained and affected railway employes will be protected. UP TO SNUFF MEMPHIS, Tenn. (UP)— The rising cost of living is going to force the public lo pay more to sneeze. The U.S. Tobacco Co. and George W. Helm Co. announced today they are raising their wholesale prices on snuff. Crippled Children Enjoy Rail Jaunt A train ride to -Winamac highlighted the day for fourteen children. Sunday when the Society for Crippled Children, represented by .five adults, accompanied their guests on the outing. Luncheon was served to the group at the city park in Winamac, following which they were returned to Logansport by auto. Circus animals will be the attrac. tion when (lie children travel to Peru on June 30 to see the beast* in their winter circus quarters. "COUGAR" KILLS PIGS WASHINGTON (UP)—At least 40 pigs have been killed by an animal in a Daviess County area in the last few days and authorities belie've the animal is a big dog or a wild animal of the cat family, possibly a. cougar. than offset decreases in several south central and southeastern stales. The department also said 1957 is "proving to be an outstanding forage year" with good to excellent paslure prospects and an anticipated large hay tonnage. THE NATIONAL BANK OF LOGANSPORT SAVINGS HEADQUARTERS FOR LOGANSPORT FAMILIES Mora and more Logansport families aro banking at the National Bank. Why don't you? AL BANK Broadway at Fourth Phono 4137 The Interest We Pay on Savings Is the Highest Paid by Any INSURED BANK in Indiana and It's GUARANTEED! Momber Federal Deposit Insurance Corp. .This announcement is neither an offer to sell nor a solicitation of an offor to buy any of tlioso sharos. The offer is made only by tho Prospaclm. 315,200 SHARES" United States Liquid Fertilizer Corporation COMMON STOCK $5.00 PER SHARE Authorized Capital: 1,000,000 Shares Common Capital Stock ($ 1.00 par value per share) United States liquid Fertilizer Corporation Is a consolidation of' Converse liquid Fertilizer Corporation, Converse, Indiana, CDK Liquid Fertilizer Corporation, Kltchol, Indiana and Agricultural Supply, Inc., Thorntown, Indiana. (Proceeding to merge KOS-GRO Liquid Fertilizer Corporation, Warsaw, Indiana, inlo U. S. Liquid Fertilizer Corporation now in progress.) ''lOO,000 shares have boon registered with tho Indiana Securities Commission of which 84,800 shares wore registered as a part of tho consolidation agreement. Entire details of business are given In Prospectus. Contact Our Mr. F. R. Borni In logansport weak of June 17th. 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Sanforized, mercerized, vat-dyed, machine washable. 2B to 44 Penney's distinctive pal- terns in topRrain cowhide make your belt an important fashion accessory! Choose colon; and styles to set off each ensemble. FINE QUALITY PENNEY POLOS 98* lliai nmtill, medium, lorn* • xtrn lurg* Soft, combed cotton, knit lo u full, non-binding fit . . . Penney Towncraft extras like laped shoulders, nylon reinforced neck. Machine washable. While.

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