The Baytown Sun from Baytown, Texas on January 29, 1969 · Page 11
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The Baytown Sun from Baytown, Texas · Page 11

Baytown, Texas
Issue Date:
Wednesday, January 29, 1969
Page 11
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12 tUytnnrM fcutt Wednesday, January 29, 1969 COTTON PRODUCERS HEAD FOR MARKETING TROUBLE WASHINGTON (AP) — U.S colton producers appear heade lor further difficulties this yea in finding improved markets fo their crops both at home and o erseas, says the Agriculture D parlment. On the other hand, farmer appear lo be using every mean possible to cut production cost and thus lake belter advantag of the markets they do have. Department officials predic collon exports this year will tola about three million bales, dow from •).:> million last season Domestic use by mills also is down, forecast this year at 8.5 million bales and the smalles since l<J62-63. The ILtiW cotton crop was esti mated at 10.8 million bales, up -15 per cent from the smaii output ol 1967, but still 23 per cenl below average. A liberalizeo federal program aimed at boosting production this year to around 13 million bales has been announced. Officials estimate the carry over next Aug. I at about six million bales, about 500,000 more than predicted last November. The department also estimated government-held stocks would increase by Aug. 1 to about 2.5 million bales, compared with only 200,000 owned by the Commodity Corp. Last year on the dale. Currently, producers are moving large amounts of their 19G8- cotion under the government price support loan program, totaling more than l.'J million bales by mid-January. Officials said slightly firmer market prices may be developing after the downward trend during August-December last year, which averaged more than two cenls a pound below ihe loan level last month. Larger foreign supplies and a general sluggishness in world trade are major factors in the reduced export outlook for this year, the department said. A continuing trend lo manmade fibers and reduced buying tor military purposes was blamed for much of Ihe decline in domestic mill use. In a separate report last week, department analysts reviewed costs of upland cotton production in the United Stales- for 1966, and concluded that farmers are turning more and more to mechanization lo offset higher labor and other production costs. The survey showed the total cost—including charges for land, taxes and equipment—was cents a pound of cotton lint in 1906, compared with 27.3 cents a year earlier and 28.4 cents in 1UW. Ollicials said ihe survey in- Texas ASM To Probe Protein Feed field COLLEGE STATION, Tex. (AP) — Texas A&M University plans a facility to investigate production of proiein foods fron nonmeat sources to combat fooc shortages throughout the world. While most U.S. research has concentrated on products which can be made from soybeans, engineering Dean Fred Benson said the university's program would include studies of all unconventional sources of protein. Other possible low-cost sources, Benson noted, include cottonseed, peanuts, sunflower seeds, marine life and microbiologically-produced protein. Dairy Has New Owner DALLAS (AP) — The Southland Corp. of Dallas has acquired Sidney Wanzer and Sons, an HI-year-old Chicago dairy in an exchange of stock, the details of which were not announced. Attend Church Sunday BACK AT WORK, one of the longest surviving heart transplant patients, the Rev. Jean-Marie Boulogne, listens to a recording of a Mass he celebrated in Purls' St. Laurent Church. Ft was the first Mass celebrated by the priest since his May 12 operation. volved 15 selected producing regions and only farms with five acres or more of colton. "The small decline in cost per pound in 1966 occurred in spile of a reduction in yield," Ihe report said. The major factor was "a substantial decrease" in the amount of labor required anc higher prices for cottonseed. Farmers in the survey received an average of 30.5 cents a pound, including government price support payments, the report said. When only "direct costs" were computed—excluding charges for land and farm overhead items—Ihe average cosl to produce a pound of cotlon in ><j was 20.6 cenls, compared with 20.9 cenls in 1965. •'Indications are that producers, in response to minimum- wage requirements and the hortage of workers, are accel-. erating the trend toward complete mechanization of weed control and harvest operations and are shifting to larger sizes i equipment," the report said. The survey said many farm- ers surveyed also are reducing the number and frequency of field operations, particularly land preparation. •BBBBaBBBc -r -•>•-••-:••,- -.-•• NEARLY 70, but silent-film star Gloria Swanson is still attractive, stylish and svelte. Here she is during a recent Moscow visit, THE 1970 BUDGET AT A GLANCE INCOME AND OUTGO Fiff*r*t U 1»70 $12.6 1*70 $1*5.3 Defense WI.S Vietn m* $113.7 $11.0 $281 THE FEDERAL DOLLAR Where It Comes From Orfwr Social ImuroK* Payroll Taxes 23c Social Insurance Trust Funds International 2c Education Interest M Public Debt President Johnson's proposed budget for fiscal 1970, starting next July 1, would raise federal spending to the highest point in history. It forecasts a $3.4 billion surplus, providing Congress extends the 10 per cent surtax, now scheduled to expire June 30, for another year. Without the surtax, the budget would show an $8.7 billion deficit. Defense expenditures are budgeted for a $500 million increase over 1969, but the Vietnam share of the total is expected to drop by $3.4 billion, the first decline since the United States become involved in the war. TRY SUN CLASSIFIED ADS GOP AIMS TO LET STEAM FROM ECONOMIC 'BOILER 1 NEW YORK (AP) — The Nix on administration pledged during its first week in office a sharp attack on economic inflation. But it tempered its intensions by saying action would not be so abrupt or blunt as to bring unnecessary unemployment. The new team's economic ideas were outlined by Secretary of the Treasury David M. Kennedy in a statement endorsed by President Nixon. And there were indications from the government's incoming economic leaders that the 10 per cent income tax surcharge would be extended beyond the June 30 deadline and that the U.S.-fixed $35 an ounce price of gold would be maintained to protect the stability of the dollar. Kennedy said the administration wants to "take the steam out of the boiler, the high pressure" as far as the economy is concerned. "We are all conscious of the risks of abrupt and blunt action that could bring unnecessary ui •>- | O- O u O < MJ z o O O O ill WE CASH YOUR CHECKS IRACL unemployment," he said. "We mean to avoid that. But we are equally conscious of the risk ol not moving decisively because inflation is undermining both the foundation of our prosperity at home and our balance of payments position." Kennedy added, "We have inherited inflationary pressures that are seriously distorting the economy and financial markets. That inflation must, and will, be contained." In the stock market area, Robert W. Haack, president of the New York Stock Exchange, announced that the Big Board would undertake a study leading toward a possible revision of the structure of brokers' commission rates. And he and Manuel F. Cohen, chairman of the Securities and Exchange Commission, told an Institutional Investor Conference that the need is great to determine the extent of the ballooning impact of huge financial institutions such as mutual funds and pension funds on the stock market. Paris, France, is known as the "City of Light" because of its countless street lights. Some good earnings reports for 1968 flowed from corporate board rooms this past week, including record performances by Mobil Oil Corp., Shell Oil Co. and Inland Steel Co. RENT-A-CAR SYSTEM National Franchise Syitera Of Ford Dealer* COURTESY FORD «t-«m CA S47H (Hwutan) FRESH PRODUCE IS YOURS AT LYONS WHIP QT. JAR LIMIT ONE JAR AT SALE PRICE WITH 3.50 PURCHASE OR MORE U.S.D.A. GRADE A HENS 4 to 7 Lb. LB Avg. 33 BEEF FOR U.S.D.A. INSPECT. BEEF—(SAME QUALITY WE SELL FROM DISPLAY CASE) SIDES L t 57c HINDS * 67c Weight 175 Lbs. To SOO Lbs. ' Avq. Weight 90 Lbs. To ISO Lbs. WE OFFER A CONVENIENT PAYMENT PLAN ON FREEZER ORDER Inspected Beef Chuck Roast U.S.D.A. Inspected Beef Shoulder Round Roast U.S.D.A, Inspected Beef Chuck Steaks U.S.D.A. Inspected Beef Shoulder Round Swiss Steaks ILS.D.A. Inspected Beef Short Ribs Fran Ground Beef ..1*. .Lb. .Lb. .Lb. .Lb. 59c 69c 69c 79c 45c 59c Lean Ground Chuck Lb 79c Lean Ground Chili Meat ^ 69c Rath'g BUckhawk Sliced Bacon u,. 69c Bath's Blackhawk Franks 12 or. ?*«. 45c Rath's Blackhawk Fresh Pork Breakfast Links 3 ££. '1.00 Rath's Blackhawk Sliced Pickle Loaf. Olive Loaf, Bologna Lunch Meat 3 ££. '1.00 FRESH PORK CHOPS FIRST CUT I LOIN CUT i CENTER CUT I BREAKFAST CUT 59c LI 69c u 79c u 98c ARROW BLACK PEPPER BORDEN'S MELLORINE Borden's Kova Instant Coffee 15c My-T-Fine Puddings «*. 3 ^ 29c Kraft's Miracle Whipped Oleo 2C65c Pord Dog Food Stokely's R.S.P. Cherries ™ 39c 6 Ne" 85c Comsrock Pie Sliced Apples Gal. Chi. No. 2 . Can Homefoflc Fresh Bfeckey*, Cream, Purple Hul D^_- Your Choice I 300 reas Trappey's Cut Okra ™ 19c Tarerlon Instant Potatoes 3 ft 1°° Swansea's Chicken or Turkey 5 Ox. Your Choice ........ Can Puff Facial Tissue 200 Count Box. 29c 3 Jumbo Rofe $400 1 BARKER'S EXTRA LARGE GRADE 'AA 1 EGGS DOL LIBBY'S GRAPEFRUIT JUICES DUNCAN HINES LAYER CAKE MIXES Boxes (*f OO Your Choke LYONS DISCOUNT DRUGS Lady Esther 4-Purpos« Face Cream Reg 9 8c 69c Groom & Clean Hair Groom R eg .09 89c BH. of 25s Alka-Seltzer49c Pretl Shampoo n. g . 1 07 75c Aqua N«t Hair Spray ^ h 59c Ptaitlc—Your Choice Styles and Shapes Waste Baskets Re , .„.« 77c OMon* Biscuit Pans ^.„. 49c Gebhardt's Tamales Gebhardt's Chili Jumbo Can. Plain 300 Can 39c 49c Golden Grain Macaroni & Cheese 3 Skinner's Macaroni or Spaghetti 2 7-Or. Boxes lO-Oi. Bags 49c 43c BAMA PURE GRAPE JELLY 3 ~~ T° Sunshine Pimentos 2 Blackburn's Waffle Syrup Dickies Cuf Mint Stick Candy2 ^ 49c Arrow (Charcoal) Briquets Cracker Jacks 5 3 Lb. EUc, Boxes 39c 25c SPECIALS 6000 JAN. 30-ffB. 5TH WE HAVE ALL THE MERCHANDISE FOR PROCTOR-GAMBLE COUPONS LYONS GARDEN FRESH PRODUCE LYONS FROZEN FOOD BANQUET MEAT PIES 6 - *1 00 BANQUET BUFFET CUPPED C YOUR Ho*. J-119 Re* AQ ^urrcixj CHOICE....*i4» I «i.i» TrC Check The Houston Chronicle Thursday, January 90th.— For SOc Mail-In Coupon. OLD SOUTH COBBLERS YOUR CHOICE GOLD KING HUSH PUPPIES 2 VIP COB CORN 2 MORTON'S PIE SHELLS GORTON'S FLOUNDER PORTIONS 22-0.. 89c 69c Pv,,,,,33c FOOD SERVICE FRESH TANGERINES -15 Viiw Rip* Tomatoes Apples Lb 25c 3 lb Wr Bag «J7v Fresh Radishes c £ 10c No. 1 Long White CoMonUa Potatoes 8 «£ 79c Fresh Carrots No. 1 Ytfew Squash 2 23c u, 27c BIG BONUS STAMPS WITH EVERY PURCHASE •D > */» > o I/I YOUR FIRST vrsrr WILL PROVE

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