Alton Evening Telegraph from Alton, Illinois on January 20, 1950 · Page 4
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January 20, 1950

Alton Evening Telegraph from Alton, Illinois · Page 4

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Location:
Alton, Illinois
Issue Date:
Friday, January 20, 1950
Page:
Page 4
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ALTON ftVlNtNO TELtORAWI U.S.I»Bitt«rt • • -i. CC it Storage Buyer "Coat Put at $15 Million to :: 120 Million Monthly WASMWOTON, Jan.. 20-<*>~ Uncle Sam Is. probably the bl ggest ttaer Of agricultural storage In the fwerJd, Unofficial estimates Indicate that he, Is currently paying out between $15,000,000 and $20,000,000 a month In storage and Insurance fees on surplus (arm products stored under producer price support programs. More than $3,500,000,000 la Invested In these commodities. Some Of the products are stored on farms, others In commercial warehouses and elevators, and still others In a big government-operated storage coojer In a cave near Atchlson, Kans. The gbvernment's Morftgc costs vary from year to year and month to month, depending on the amount of commodities stored. The question frequently Is raised as to whether the .controversial Brannnn farm plan would do flwny with govornmen storage of farm products. Thi answer Is no. Them would be les Storage under tho Brannan plan however. The Brannan pi n divides form products Into two general closse for purposes of price supports One class Includes the storable commodities—those which can bi stored for long periods wlthou deteriorating. In the storable group are cotton corn, wheat, tobacco, flnxseed, dry beans and peas, soybeans and other grains. The other class Is made up o: perishable products, which cannot be kept long periods of time except perhaps at great cost. In- They Can't Steal Your Protection! Cuard yourself against loss by burglary. One of our policies tailored to your needi guarantees all-day safety all-year 'round. For further information about protection . . . . ftr ctnflttt ewtrtjt eluded ire pork, eggt, butter, cheese, dried milk, poultry, fruits and vegetables. The Brannan plan would hot change the present system of storing surpluses of things that can be stored. But the government no longer would buy up and store the perishable*. Instead it would allow these proucts to move Into consumer markets at. whatever prices they would bring. The big bulk of present government storage costs Is paid out on the storable products—those which would be unchanged by the Brannan plan, For example, It Is costing the government about $9 per bale each year for cotton stored under Its programs and between seven and 12 cents a bushel for grains. The Brannan plan would save considerable money on storage of the perishables. At present It has nbout 80,000,000 pounds of butter, foi example, on which It Is paying storage at the rate of two cent* a pound each year. But when the government sells any of Its commodities It often Is able to get back pot only Its price support Investment, but the accrued storage costs as well. Musleale at St. John's Senior ushers of St. John's Baptist Church will present David Glass of Jackson, Tenn., and Joe May of East St. Louis In a musical program Sunday at St. John's Church. The program will begin at c p. m. 0. Blair H pttattMt of the sponsoring organisation The average American at* Ml* pounds of meat in 1MI. orrici niRNif imt Otaln H7 MATHER'S •father • nerrteea, 1Mb "tour FRIGIDAIRE SCHWARTZ APPLIANCE CO < I U I I 1(1 . I -.1 IN \\ I LADY HAMILTON 0-2... $120.00 4 diamondi in 14K natural or white gold eata. s»*X {* *&%// ^stS^ *5?s.r ^?'^ ttfrtS^ <«*••"-'«,.,'':*« *'• It v " r, at W j/LANA...$71.50| f 14K natural or ' I whit* gold. Domad I Icryttal. > £ ALICE... $60.50 14K natural or whit* lold.fillad. 18K gold numeral*, on illver dial. Prim iMludt Ftd. Tu Buy on our convenient .divided Payment Plan. LOUIS ^WWwWWwA WATCHIS ASADVEITKO IN Look BRAN0ENBERGER YOUR JEWELER 215 PI ASA ST MEN! READ 1M AND LEAP! BOND PULVERIZES PRICE TAGS IN OUR GREATEST OF ALL CLEARANCE Don't deity mother day—head for Bond's—get in on the tremendous reductions that are the talk of the town! It's the clearance that eclipses Bond's most spectacular "parties" of the past. You pick from a terrific selection, right out of our regular stock. Original price tags—that always net you substantial maler-to-you economies-NOW CUT TO THE BONE! pu/vuj. I Youthful Bolero Prints Beautiful chocked designs Rich-tones— hall sixes HUNDREDS of SUITS TOPCOATS OVERCOATS tailored along youthful lines . . .a spring first! 14 l /2 to 24 1 /* '14 95 Other* from $1.15 ^1v Iy^l • fev • SUITS ia rich pure worsteds, sharkskins, birdseyes, check*, stripe*, plaids, solids. < • TOPCOATS in pure wool covens and gabardines • OVERCOATS in velour-nnish melton, cheviot, fleece. HURRY! Trousof lengths Small ckarg* far elder •derations* WNhalond 90-Day Account you pay (us* Nb. 10, Mar. 10, April 10 117 W. Third Street STOM MOUIS: 9 A. M. to 5 P. M, Daily ONN SATURDAYS: > A. M. to I P. M.

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