The Courier News from Blytheville, Arkansas on December 16, 1949 · Page 14
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The Courier News from Blytheville, Arkansas · Page 14

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Blytheville, Arkansas
Issue Date:
Friday, December 16, 1949
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Page 14
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RAGE FOURTEEN jAJUv.j Price Supports, Parity Explained Less Income, More Surpluses Put New Accent on Terms H.v Ovlil A. Martin Associ.itnl Press J-'arm Keportrr WASHINGTON, Dec. 16—<;!>)_ Tlie term "pnrity" and "farm price supports" are likely (o bob up very frequently in the weeks and months ahead as agriculture seeks to adjust to peacetime conditions. Declining farm prices and Income, mounting surpluses, and a j return to prewar crop control men- I sures serve to put new importance on the terms. Past discussion of federal farm programs often indicate that there fs not a complete umicvMiuuling of these terms. Often parity prices and suport prices are used interchangeably, as if they both meant the same thing. They are different. Parity Is a term used to describe a standard for measuring actual farm prices. It can be compared to a yardstick Parity is declared by law to be a yardstick that is equally fnir to the fanner anrt these who buy his product. Parity prices in themselves do not guarantee farmers a thing The Agriculture DeuarUuent makes parity calculations once a month. They are based on the relation between farm prices and prices of things farmers buy, as of ihe 15th of the month. Price Supports P.asccl OH Parity . Price supports on the other hand, are government devices for assuring farmers a certain return for their products. The supports are based on the parity yardstick. The department calculates parity prices for'virtually every farm product. Btit it does not support the price of every product, for which it calculate parity. A notable exception is • beef rattle, for which there never has been a support program. Nevertheless, the fanner is able to determine, by using the parity yardstick, how his cattle prices measure up. There is much controversy about levels at which the government should support prices. The term "high, rigid" sup|mrts has been used by som Congress members and farm leadens to describe phases of the support program .set i'o /or 150 by the recent' session ot Con. gress. The Congress directed that the basic farm commodities — cotton, corn, wheat, tobacco, rice anil peanuts — be supported at 90 per cent of parity next year, providing con. trols were set up to prevent overproduction. The law permits no ndmisistrative (iescietion in adjusting them either upward or downward. Some Leaders Objr-c-l . Rarely has the government ever supported any commodities above 90 per cent of parity. A few were supported at higher levels during the war emergency, when vast production was needed. Some farm leaders object (o the "high, rigid" description. Among them are those who argue that the fanner' is entitled to full parity and that the government price supports should be set, n t full parity. To them, a price support at less than full parity is low nnd not high. And parity itselt is a variable Featherless Bird to Get Tweed Suit as Christmas Gift from Californian ONTARIO, Calif., Dec. 10-</P)— Sam, tile feathcrless rooster of Mobile, Ala., will sport a tweed suit, come Christmas. The gift is from Mrs. Anne Brown, who saw the goose-pimpled bird in an Associated Press wire- photo. Sam hasn't sprouted a feather since he hatched into a chilly world eight months ago. Airs- Brown wrote Sam's owner, .Nick Hasselvander, offering to make a wardrobe. Has.selvandcr .sent measurements, adding that Sam would appreciate a warm suit so he can "saunter out and sec something of the world. " Robcson Sues Veterans Groups for Rally Riots NEW YORK, Dec. 16. CAP)— Paul Robeson, Negro singer, and 21 others yesterday filed In federal court a 52,000,000 damage suit as the result of a disturbance which followed the singrr's appearance at a rally near Peckskill, N.Y., several montlfc; ago. The action was directed against two Wcstchestcr County veterans organizations and 1-1 other persons. The plaintiff.! B.sVcrt for judgments ranging from $10,000 (o $200,- C03 for alleged personal injuries, assault and deprivation of civil rights. The suit al.-o a:4;pd that the de- fejjcici.'it.s anci Uieir officers, agents and employes be forever enjoined from "further con.sph ing and interfering with plaintiffs and others who herKiitrr mav peareably a.s- .seinble in WV.stclK'.stcr County for the purjxve of holding [iiscussioruj and as.seinblk'.s." figure. Some other farm leaiiers — Including president Allan B. Kline of the American Farm Bureau Federation and Master Albert S. Goss of the National Grange — defend the use of this description. Kline, fur example, advocates a flexible price support system, under which major products would be supported at ruies ranajnn between 15 and 00 per cent of parity. The actual level would depend upon the supply of the particular product. The larger the supply, the lower the support would be, and vice versa. Under Kline's plan, supports would rarely be as high as 90 per ccnt- Tbus, to Kline, a support rate set at DO regardless of the .supply is both rigid and high. The 1950 .supports — as well as most of those in effect this year- are both high and rigid compared with prewar supports. Generally speaking, prewar rates ranged between 52 and 75 per cent ot parity, depending in part on the supply. A support rate as high as !10 per cent was unheard of before the war. FOR SALE Crtsls full Irs5 Yd Insri Innpfi Uian ruiy orlirr lirliFRr marrrinl Sires .S-IO-IZ-l5-IS-21-2l-27-3U-3b liichei. OON'CKL'TK SI;WI-;R TILE 51/rs 1-n-i Inrhef CONTIJKTK Sr.l'TLC TANKS • Uesr I'rlrct *\Ve UcJiiei A. H. WEBB lliglin-:i.i til ill Slate Line Phone 714 tote tome 912-can PUtup-Palt for Me'weeit BEER it's smooth ...It's dry _* ' \ ^ -• "' ' KEROSENE and FUEL OIL G.O.PoetzOilCo. Phone 2089 '&• I'ov I'rumpt, Conrlcoiis FRIENDLY SERVICE NU-WA Laundry-Cleaners Phone 4474 GIFTS FOR MEN OF DISTINCTION HART SCHAFFNER AND MARX SUITS & TOPCOATS For smartness of style . . . smoothness of fit . . . precise tiiilurinjj dcUils and quality of fabric, HART SCIIAFPNKK AND MARX suits and topcoats lead the field throughout America. Jlake this his finest Christmas yet with the gift supreme ... A suit or topcont hy HART SCHAFF- NKR AND MARX. FROM THIS OUISTANDING LIST OF SUGGESTIONS Sport Shirts by Arrow Sport Shirts by McGregor Slacks by McGregor Hcits by Knox Hats by Stetson Shoes by Crosby Square Shoes by Florsheim Handkerchiefs by Arrow Hosiery by Interwoven Belts by Hickok Shirts by Arrow Neckwear by Wembley, Arrow Ail types gift Pajamas Jackets,, gaberdine and leather IF IT'S FOR A MAN— ,„...__ _..-_, ,._ , ,,^ „ .„.-.„ \ MEAD'S —WILL HAVE IT! Ill MAIM SIKIIT fL,^**-""***** '#. I

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