Galesburg Register-Mail from Galesburg, Illinois on August 4, 1973 · Page 20
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Galesburg Register-Mail from Galesburg, Illinois · Page 20

Galesburg, Illinois
Issue Date:
Saturday, August 4, 1973
Page 20
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20 Golesburg Register-Moil, Galespurg, Soturdoy,Aug. 4, 1973 Congress Passes Omnibus Farm Bill By BERNARD BRENNER WASHINGTON (UPI) - Con- grauskfiftl farm leaflets have Won passage of a compromise omnibus f&rm bill that includes crop support tanms designed to increase food production, and liberalized food stamp rules for the needy. Agriculture Secretary Earl L. Butz, who sent word President Nixon would sign the measure, had already announced he will use authority included in the four-year bill to support major 1974 crops without requiring the idling of any acreage. The first crop affected will be 1974 winter wheat, which will be planted before autumn. The House passed the bill by an easy 252-151 margin Friday night as many urban Democrats, prodded by organized labor, joined a bipartisan farm bloc coalition in outmaneuvering conservatives who wanted to tack on a ban on food stamps for strikers. Tuien, the Senate immediately approved a minor, "innocuous" House- amendment, added by the farm bloc as part of a parliamentary maneuver to prevent consideration of the striker issue, and shipped the bill to the White House on a routine voice vote. New Price Plan The massive measure includes a new "target price" support plan for grains and cotton which some administration experts predict will lead to expanded production while cutting subsidies on those crops from $2.8 billion this year to around $800 million in 1974, first year of the new programs. In addition, the bill reduces the ceiling . on grain-cotton subsidies from the current $55,000 per crop to $20,000 per farmer —although It leaves big cotton planters free to side-step the ceiling. It aUso gives Butz power to force an increase in ithe controlled price of foods like beef by certifying to the President that controls must be eased to preyent or cure shortages. Other features of the bill include: —Repeal, retroactive to, July 1, of a $400 million-a-year bread tax which baking industry spokesmen saW had to be lifted to prevent lailure of many small bakeries. Ban On Food Aid —An increase of about 6.5 per cent in minimum milk supports for the 1973-74 and 1974-75 marketing seasons. —A ban on "Pood for Peace" aid to North Vietnam unless specifically authorized by Congress. —And a proviso ordering the Agriculture Department to give food stamp recipients two cost- of-living adjustments annually, starting next January, instead Watergate, Interest Rates Deal Stocks Blow By LEE MITGANG UPI Business Writer NEW YORK (UPI) - Watergate, rising interest rates, and profit - taking dealt stocks a blow this week on the New York Stock Exchange, and sent investors back to the sidelines following a two-week buying spree. Week on Wall Street The Dow Jones industrial average tumbled 27.84 to 908.87, following the two - week, 50 point gain. Standard & Poor's 500 stock index, a broader market barometer, skidded 3.03 to 106.49. The NYSE index fell 1.57 to 56.79. Declining issues topped ad vances, 1,394 to 406, among 1,985 issues traded. Volume fell off sharply from the previous week, with Jittle in the news to spark continued buying inter est. Turnover totaled 60,265,908 shares, compared with 85,402,580 a week earlier and with 80,275,400 the year before. Profit - taking was the most ready explanation for much of the week's decline. The flood of earnings and increased dividends that had been supporting the rally had slowed to a trickle, and what little buying interest remained was limited largely to the institutional favorites — the glamors and blue chips. But Watergate—the market's chief psychological worry for months—stormed into the headlines Tuesday following word a resolution to impeach President Nixon had been introduced in the House of Representatives. On that day, the market dropped about 5 points in the last half hour of trading—minutes after news of the resolution hit the street — and foreshadowed much worse things to come for stocks on Wednesday. With the word "impeach- Official Says Beef Price Won H Climb Too Steeply By United Press International One government spokesman) Friday predicted prices will not go up too steeply when the freeze on beef prices is lifted Sept. 12 and another said there will be some beef in the nation's supermarkets until that day. • Meanwhile, a spokesman said the high cost of meat has forced the "Midnight Mission" on Skid Row in Los Angeles to stop its policy of serving at least one meat dish a day to the indigent men who must depend on its charity to live. In other developments: —The Atlanta-based Colonial Food Stores announced restricted beef sales Friday at its 80 area stores to help "spread the limited supply." —Ohio officials said consumers can buy milk for as much as 20 cents cheaper during the weekend. "People only buy so much milk," said one dairy spokesman, "so the stores can afford to take a loss on the item more easily than on other items." —In Baltimore, a supermarket meat manager said he would be out of beef today, and added, "we think part of the problem is that shoppers are buying more beef than usual when it is available. If they would buy only what they need, we would have less of a problem." —A spokesman for the Ohio Natural Resources department said poachers have begun taking deer in large numbers,! and "the , people we are catching say they need the deer for food. That is the first time we have run into that kind of situation." Some 741 poachers were caught in the state during the fiscal year ending June 30, he said, while 292 were captured in 1969. Presidential assistant Roy Ash said in Los Angeles that beef prices may not rocket in September because there might be a glut caused by a sudden rush of producers to get their cattle on the market. "When the government makes rules, the private sector is still completely entitled to play those rules, as long as they do it honestly, any way they want—that's their business," said Ash, director of the Office of Management and Budget in a speech to the Los Angeles Chamber of Commerce. However, he said, producers holding onto their products now "must contend with the fact that all the other farmers are holding off also. On the 13th, if they all pome to market on the same day, you can guess with me that it's certainly not going to increase the prices." William Walker, general counsel for the Cost of Living Council, told a Chicago audience that the shortage "is not of crisis proportions," although "there is a relative shortage in that there is not as much beef as there is demand." "We believe the amount of beef available between now and Sept. 12 will not be substantially lewer than it has been," he said. "...While there are not surpluses, there is enough." ment" in the news the market reacted Thursday with a 14.22- point slide, and nearly 1,200 declines, confirming doubts that the Watergate issue had been thoroughly "discounted" by investors. Lurking in the background, too, Were rising interest rates. There have been a dozen boosts this year in the prime lending rate. On Friday, three of the nation's banks boosted their rates to 9 per cent. Other lending institutions are likely to follow the move within days, according to observers. International Telephone & Telegraph Corp. was the vol- Market Reports Dow Jonts Averages NEW YORK (UPI) - Weekly Dow Jones averages, including intra-day highs and lowg: Open High Low Close 30 ind 937.99942.35 899.46 908.87 20 tran 166.74 167.90 161.41 162.29 15 util 100.65 101.04 96.88 97.39 65 stks 283.11284.53 272.38 274.53 Net changes: IridusMals off 27.84; transportations off 4.45; utilities off 3.17; stocks off 8.29. ume leader, off l%,at 32% on 719,300 shares. American Telephone & Telegraph Co. was"second, losing IV2 to 49% on 540,000 shares, followed by Texaco (ex-dividend) which dropped % to 31% on 519,000 shares. of thie present once-a-year recalculation. The stamp adjuMmente mean that a family of four which now gets a stamp allotment of $116 monthly will go to $124 of higher next January 1 instead of waiting until next July 1 for its next increase. Under the target price plan for feed grains, wheat and cotton, fupport targets of $2.0S a bushel for wheat, $1.38 a bushel for com, and 30 cents a pound for cotton would be set for 1974 ^nd 1975. Farmers would get subsidies only if average market prices fell below the new targets. CAftMft SALE 'SO Cfttvy Coup* 9MH MtLtl NttdS someone to give It t«n- dfef love it cart. Call 3434022 For Sale 1970 CADILLAC Coupe Deville, fully equipped, excellent condition. Phone Roseville 426-2355 J Food Middlemen New Consumer Target By BERNARD BRENNER UPI Farm Editor WASHINGTON (UPI) Rising farm prices have been On the Farm Front blamed for most of the increase in consumer food bills over the past year. But an alliance of consumer - oriented critics of corporate agriculture and big food industries is preparing to focus on another factor in the national grocery bill—the food middleman. Officials of a newly formed group called "Food Action Campaign" say they are opening a campaign based on the. theme that powerful corporate middlemen are victimizing both farmers and consumers. It will be formally launched at a news conference here next Monday to "focus public attention on the increasing concentration of corporate power in the food industry." j "These days, food rarely flows directly from farmers to' consumers," said James Hightower in a statement announcing the news conference. Hightower heads the Agribusiness Accountability Project, a foundation-financed private research group which is one of the organizations joining in the new campaign. "Rather it is tunneled from millions of farmers into the hands of a few corporate buyers that eventually peddle it to millions of consumers," High- Woman Driver Strikes Shark SOUTH SAN FRANCISCO, Calif. (UPI) - Kate Safholm, 19, Redwood City, Calif., felt her car strike an object on Junipero Serra Boulevard. "I got out—police wouldn't believe this—but there was a shark in the water," Safholm said Friday. Miss iU.S. tower added. "IncreasmgOy, those middlemen have the power to hold back production of food or to store huge supplies of food, thereby limiting the amount that gets to market. With this ability to manipulate supplies, corporations have the power to boost prices. American consumers have to decide whether they want this kind of corporate control of the food economy," Hightower said. Woman Judge Is Prohibited WASHINGTON (UPI) Judge Shiriey M. Hufstedler, one of the nation's outstanding women jurists, had to eat lunch alone Friday because her hosts decided to eat at the Metropolitan Club, which bars women. Judge Hufstedler, of Los i Angeles, a member of the Ninth Garage Sale 1667 N. CHERRY SUN., AUG. 5 8 AM - 5 PM Galesburg Refrigeration and Air Conditioning 761 E. Brooks St. Phono 342-3479 MONMOUTH AUCTION REPORT August 3, 1973 Receipt* Gatlla Calvaa Hogi Shtep This Week 355 3 3429 o Last Week 3,05 7 3093 4 CATTLE: Receipts mainly feeder cattle and replacement cows. Demand good. Feeder steers 1.00-2.00 higher, heifers .50-1.50 higher. Cows 1.00-2.00 higher. FEEDER STEERS: Choice 275-425 lbs. 69.00-75.00; 425-550 lbs. 61.5069.00; 550-650 lbs. 60.00-65.50; 650-930 lbs. 54.75-60.25; mixed Good and Choice 500-925 lbs. 51.50-59.00; one lot Holsteins 530 lbs. 55.75. FEEDER HEIFERS: Few Choice 400 lbs. 62.25; 450-700 lbs. 51.75-57.25; Good & Choice replacement cows 450.00-540.00 per head. Good & Choice replacement cows with calves at side 480.00-555.00 per pair. COWS AND BULLS: Utility and Commercial cows 36.25-39.50, few Utility 39.50-41.00. HOGS: Receipts mainly feeder pigs, (largest receipts in sale's history) Demand fairly good. Prices 3.00-5.00 lower. FEEDER PIGS: U.S. 1-2 30-40 lbs. 31.00-37.00; 40-50 lbs. 36.75-43.75; 5060 lbs. 43.50-47.50; 60-70 lbs, 47.0048.75; 70-85 lbs. 47.75-52.50; 90-95 lbs. 57.25-64.00: one lot 97 lbs. 67.75; all sold by the head. U.S. 1-3 115-140 lbs. 51.50-52.50 sold by weight. BRED SOWS: 206.00-244.00 per head. BRED GILTS: 170.00 per head. SLAUGHTER BOARS: 375-600 lbs. 44.00-45.00. GALESBURG GRAIN MARKET Consumer Grain,& Supply Co. Market may either go up or down by 1:30 p.m. when final bid I arrives. 11:30 o'clock bid. Corn ....$2.63 New Corn $2.51 Oats.. $1.07 Old Beans . $9.15 New Beans $6.96 FOR SALE 197Z 2-DR. HARDTOP CHEVROLET CAPRICE Power steering, power brakes, AM-FM radio-tape player. Cruis- amatic & air cond. $3,295. Call anytime after 10 A.M. 342-1239. Wanted TO RENT FARMLAND For 1974 Present farm sold. Cash or cash and grain. Write to Box 963, care Galesburg Register-Mail. READ THE WANT ADS! OPENING . Experienced Farm Worker $150—plus modern house, meat, vacation, free weekend, good schools. Close to town. Write Box 964, care Galesburg Register-Mail. YARD SALE S54 MULBERRY MONDAY, Aug. <th 9 A.M. to evening Pontiac, bicycle, kitchen furniture,- dishes, tools, clothing for all, school clothes (boys, girls, Jr. petite & misses). 1963 sink, Man Wanted Married or single man for full time farm help, livestock and grain experience necessary. Modern house; good wages. Write Box 940, care Galesburg Register-Mail. Backyard Sale 850 MONMOUTH BLVD. ALL DAY SAT. It SUN. Clothing all sizes, games, books, dishes, a little bit of everything. CLAIM NOTICE In the Circuit Court for The Ninth Judicial Circuit, Knox County, Illinois, in Probate. In the Matter of the Estate of NANNIE W. VEDELL, Deceased. No. 73-P-172. | NOTICE is given of the death! of NANNIE W. VEDELL. Let-1 ters of office were issued on! July 30. 1973, to Lula M. Vedell, 106 Holcomb Street, Knoxville, Illinois 61448 as Administrator with Will Annexed, whose attorneys are Peel, Henning, Mathers and Bell, 206 Bank of Galesburg Building, Galesburg,, Illinois 61401. Claims may be filed within 6 months from the* Circuit Court of Appeals, was testifying before the • |National Commission on Revi T AiYtil IVntistnc sion °f tne Federal c °u rt J~.CgdJ US* |Appellate System. • -1- . - -•! ii ii -I -i . i j The luncheon was planned bv date of issuance of Letters of;Washington attorney C. Frank Office and any claim not filed Keifsnyder, who heads the within that period is barred as American Bar Association's cemiruttea on judicial improvements. Instead, Tom Burgess of the to the estate which is inventoried within that period. Claims must be filed in the of- Federaf Judicial" "center," was fice of.the Clerk of this Court, j d3signated to telephone the Knox County Courthouse, Gales- ^ s Thursday and break the burg, Illinois, and copies mailed J, "° ™T Y ~~, or delivered to the Administra- f*? that she could not eat tor with Will Annexed and to lunchu Wlth , the commission members and their guests "She took said attorneys. Dated July 30, 1973. EDWARD F. WELCH Clerk Pro Tern of the Circuit Court Knox County, Illinois it in good spirit land chuckled a little," Burgess said. "She said something to the effect that the club was one of the last bastions of conser- 8/4-11-18; 3T vatism.' Galesburg Livestock Sales Inc. East Fremont Road - 34M416 Bonded For Your Protection Sale Every Tuesday, TUESDAY, AUG. 7, 1973 45 Large Angus cows with big calves. 20 Large Hereford cow» with big calves. 15 Hereford heifers with calves. 12 Shorthorn cows and calves. 12 Registered cows and calves. 40 Angus steers and heifers, 375 lbs. 50 Angus steers and heifers, 500 lbs. 60 Angus steers, 675 lbs. 60 Angus steers', 550 lbs, 40 Mixed steers & heifers, 750 lbs. 45 Holstein steers, 950 lbs. 150 Mixed cattle to be sold in small lots. 300 Mixed pigs, 40 to 90 lbs. Last Tuesday <wr fat cattle was $1 to $2 higher. Steer top was $53. Heifer top $51.80. Market cows sold from $32 to $38.50. Market bulls from $39 to $44.30. Feeder cattle was $2 to $4 higher with an active market on all classes. Western cattle on hand. 100 Fancy Hereford steers, avg. 725 lbs. 100 Fancy Angus steers, avg. 800 lbs. FAT CATTLE SALE 9 AM GENERAL SALE 7 PM MORE CATTLE & HOGS BY SALE TIME Feeder Cattle for Private Sale Daily Up Until Sale Time REPRESENTATIVES: John Walters Martin M. Swanson Richard Anderson William Reynolds Robert Lindsey, Tom Kilcoin and Carl Steck — Auctioneers FOR SALE 2 Y*. COLT Good breeding, all Black. Very gentle v^ith children. S1M .M Phone 876.2274 Knoxville, IU. f Afntmd LOT iAte tfiiten't ln*ck Ihtett ONt!DA-«n HfW. M MONDAY, Attf. • * I Jewelry, desks, chairs, books. Bowling balls, hammock, bunk beds, single bed. Antiques, clothing good school clolftes, Backyard Sale SATURDAY, August 4th t:00 - 3:30 812 N. KELLOOO Women's clothing, fish aquarium, tape recorder, other appliances and free coffee. WANTIO TO IUY German Civil War Swords, Daggers, Uniforms, Medals, Hats, Helmets, Guns, etc. Coll 343-3118 After 5 P.M. PORCH SALE 140 Blaine Ave. MONDAY, Aug. 6ih 1 p.m. - 6 p.m. Clean good clothing, Ladies sz 10-12, girls sz 4, 5. & 6, boys sz 3 & 4, shoes, boots, books & nic nacs. YARD & GARAGE SALE SUN., Aug. 5th—9 till I 914 S. CEDAR Green fiberglass drapes, portable stereo record player, dishes, clothing, fishing equip and misc. Everything Cheap Emmanuel United M«thodif» Church Ice Cream Soicial Men., Aug. 6th 5 PM to 8 PM Cokt & Ice Cream 50c 733 Marston HOT SHOT SPECIALS IAT. MOHT'» till NOON ION. 0MN6E.6MK SQUIRT 6 .«.. 39* Plus Depetlt HEAD LETTUCE 24 Six* 29c IUDDIO Chipped Beef 39* 30t. Pkg. New Hours: Mon. thru Sot. 9 AM-6 PM Open Fridays Till 8 PM Sunday 9-12 TRADING POST Super Mkt. 1515 E. Main St. READ THE WANT ADS! Backyard Sale 786 PINE SATURDAY Eve. SUNDAY—All Day MONDAY—All D»y Lots of misc. & TV, stove. L0TO-ROOT1R POR m Don't Dig Up Your Sewer No Charge If We Fail Call 343-6913 — or Phone 3424430 GUARANTEED WORK FINAL MARK DOWN (Starting Mon., Aug. 6) On Remaining Summer Wearing Apparel — Large Selection of New Fall DRESSES, CO-ORDINATES, SPORTSWEAR (Sizes 3-24'i), (Sizes 3-46), (Reg. & XL Sizes). NOW IN MITCHELLS' RT. 34 — ONEIDA, ILL. 9 A.M.-5:30 P.M. MON.-SAT. FREE Parking lot NOTICE - Reminder ESTATE AUCTION ANTIQUES tt COLLECTORS ITEMS MONDAY Eva.. Aug. 6th at 1:30 p.m. IN ALTONA — 2 block* North tt 1 block Wast from tho Pott Office. MABLE SHAW ESTATE Maurico Noreno, admUiliiratpr McLaughlin ft Hattary Attornayi tor Administrator 304 Bank of Galaaburg Bldg. TERMS—CASK Auct.: LEO HAGER * STAFF Thomas Plumbing & Heating is proud to announce the appointment of JOHN MILLER to SERVICE MANAGER. JOHN has ably handled the Heating & Air Conditioning service for some time and now will offer the same prompt service & quality workmanship for all service & sales . . . As an introduction for you to meet and get aquainted with John we are offering the following special FREE HUMIDIFIER Don't let rising costs discourage you, our suppliers have an over inventory of Central Air Conditioning Units. Due to their inventory & price reductions we are able to offer with every Central Air Conditioning installation a FREE HUMIDIFIER. For winter comfort as well as summer comfort during the month of August. . . . THOMAS PLUMBING & HEATING 2262 GRAND AVE., GALESBURG, ILL. Phone (309) 343-1101 61401 THIS REPORT TO BE RETURNED TO DEPARTMENT OF THE TREASURY OFFICE OF REVENUE SHARING 1900 PENNSYLVANIA AVE. N.W. WASHINGTON, D.C. 20226 (L) DEBT How has Hie availability ol revenue sharing lunds affected the borrowing requirements of your jurisdiction? AVOIDED DEBT INCREASE LESSENED DEBT INCREASE NO EFFECT \TOO SOON TO L *r PREDICT EFFECT (M) TAXES In which of the following manners did the availabilty ol Revenue Sharing Funds affect the tai levels of your jurisdiction? Check as many as apply. • ENABLED REDUCINGTHE RATE OF A MAJOR TAX. I PREVENTED INCREASE IH 1 RATE OF A MAJOR TAX REDUCED AMOUNT OF RATE INCREASE OF A MAJOR TAX. • . | [ NO EFFECT ON TAX LEVELS THI OOVMNMINT OP MAQUON VILLAGE HAS USED ITS REVENUE SHARING PAYMENT FORTHE PERIOD BEGINNING Jan. 1, 1973 Ending June 30, 1973 IN THE FOLLOWING MANNER BASED UPON A TOTAL PAYMENT OF $2649.00 ACCOUNT NO. . 14, 2, 048 007 Maquon Village Villaae Clerk MAQUON, ILL. 9 TOTAL ACTUAL OPERATING'MAIN. TENAriCEEXPEN- P"U"iS IN) CERTIFICATION (Please Read InstructionT). The news media have been advised that a complete copy ol this report has been published in a local newspaper of general circulation. I have records documenting the contents of this report and they are open lor public and news media scrutiny. Additionally. I certify that I am the chief executivs'officer and. with respect to the entitlement funds reported hereon. I certify that tney have not been used in violation of either the priority expenditure requirement (Section 103) or the matching funds promDition (Section 104) of the Act. IQI TRUST FUND REPORT Revenue Sharing f u .ids Received Thru June 30. 1973 $. 2,649.00 Interest Earned Total Funds Available. Amount EApended... Balance .. S. • s. 36.35 2.685.35 none. 2.685.35_ !3 TOTAL ACTUAL CAPITAL EXPENDITURES WAL0Q A. RAY SIGNATURE OF CHIEF EXECUTIVE OFFICER Mayor — Waldo A. Ray NAME * TITLE*FLEASE PRlht" Galmburq Register-Mail 8-4-73 NAME OF HEW&FAFM THIS REPQBT TO H RETUMHiO TO THE DEPT. OF THE TREASURY CAIE PUBLISHED 4

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