Northwest Arkansas Times from Fayetteville, Arkansas on August 19, 1974 · Page 5
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August 19, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 5

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Fayetteville, Arkansas
Issue Date:
Monday, August 19, 1974
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Page 5
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It* frcm NATIONAL WMHt* MOM, UM. SHfi * s.ro*^ rNTfth '*A * . Weather Forecast WEATHER cutHnes .. .. .... Warm weather is forecast Monday for most ol the na- tlon. Cooler weather is ex- peeled for the northern plains. Showers are forecast f o r western Washington, Arizona- New Mexico and northern Michigan. (AP Wirepholo Map) NEWS WHILE IT IS NEWS IN THE TIMES U.S. Soybean Deficit May Be Offset By Foreign Production WASHINGTON (AP) -- A re- uced 1974 U.S. soybean crop ill have a major effect on vorld supplies or vegetable oil nd meal next year, but larger reduction of oilseeds and rotein. meal in some other countries will help offset the de- line, an Agriculture Department expert said today. World output of oilseeds and neal is expected to total about 3.8 million metric tons for the 974-75 year, which includes the l.S. soybean crop soon to be larvested. That would be down sharply from 66.2 million tons ast season, which included the record 1973 U.S. soybean harvest. Alan E. Holz. an analyst in the department's Foreign Agricultural Service, said the production decline will be offset to some extent by a larger U.S. soybean reserve this Jail. The department estimated week ago that U.S. soybean production will he slightly more ;han 1.3 .billion bushels--35.7 million metric tons--compared with a record 1973 crop of nearly 1.57 billion bushels or 42.6 million tons. Holz noted that the U.S. soybean reserve now is about 160 million bushels, up sharply from 60 million carried over to the new crop year last Sept. 1. Officials estimate, however, the stockpile will shrink to between 50 million and trjtl million bushels a year from now. Another factor, Holz said, has been poor weather in where the peanut crop has been reduced sharply from year's harvest of 6 million tons to an estimated 5 million. He said rising soybean duction in Brazil, larger Peruvian fishmeal production, an increase in Soviet Union sunflower seed output and larger quan titles of palm oil from Malaysia would help with overall oil and meal requirements. Holz said soybean production in Brazil--lately second only to the United States as a producer-exporter--is continuing to grow and that the crop n e x t year could climb to 8 million tons or 293.6 million bushels. Brazil's 1974 crop was 0.8 mil lion tons, equivalent to 249.5 million bushels. Although Brazil's soybean roduction compares with U.S. output 20 years ago, it has come on fast as a crop and a major export item for that country. Holz said Peru's fishmeal in dustry, which failed severely i year or two ago and helper trigger record jumps in proteit meal prices, is recovering ant through the first six months o" this year had produced 540,001 tons of meal. In January-Juni last year, output was 423,00 tons. *""·*; Faiih In Reform Act NorthwM* Arkansas TIMES, Man., Aug. 19, 1974 · S FAYXTTEVILLI. ARKANSAS MARION. Ark. (AP) -- Rep. iitl Alexander, D-Ark.. said Sunday (hat he believed the Campaign Spending Reform Act of 1974 would end many of the abuses connected with large political contributions. The measure would limit the amounts that could be contributed and spent in federal elections. Alexander said the "corrupting influence of big money in politics" is one of [he funcla mental challenges to the sur vival of constitutional democra "I submit to you that this I? as much a challenge as is Ihe totalitarian international threai of war that we spend billions ol lollars each year to defend igainsl," Alexander told a crowd at a fish fry here. Alexander said Congress con set the lone in campaign financing reform, but it Is up to :he individual citizen to see that the reform works. On another topic. Alexander said he thought the adminls. [ration of President Ford will be "forthright, open and honest." He said, "An era of deceit has ended." Alexander said he came to know Ford well during the years they both served as congressmen when, he said, they frequently were on opposite sides of an issue. "I've never left one of those debates in which we've been in an ad versary position with any feel ng other than one of good will " he said. Alexander said Ford is "personally identifiable with a lot of people in this country who yearn for a return to fundamental principles." Something New WASHINGTON (AP) -^ There is always something new under the sun that shines on the U.S. Patent Office, which receives more than 100,000 patent applications and issues more than 70,000 patents every year. Over 3.8 million patents have been issued since 1790. and many of the nation's leading companies and whole new industries have been based on. these patented inventions^ D11_ LARD'S Now! 3 Convenient Ways To fc w cwtnmn i* Ifo fist* of Ariumm fcr ant Ug rmon: ConMnwnn! «M, now yoa am My "Ghng» rr* Hint wayi. ttiwtwo popuhr cndir cards phw yow DObnft n»d» and «« » yov ttw »ro«bt. frn ihcpping tint w« think yoa dtHrv*. A* AH DtLU«0*S «nd D)UMIO« PMfcr-Btoi Stem in A«hM«u Double Knit Shirts Flawlessly Smooth Fitting "The Passport 360" Ihe soft, sensuous double knit dress shirt. So incredibly soft, H's ths most handsome, luxuriously comfortable dress shirt ever designed. Supremely flattering, drapes perfectly. Wear it ogain and again... .it's got quality and pleasure that won't wear out. Machine washable and dryable in 100% polyester. K'A to 17 neck, 32 to 35 sleeve, Light blue, tan or yellow. $10 Men's Furnishtngs-'DIH.ARD'S--First Floor said the U.S. soybean should be enough to meet requirements in the year FIRST FEDERAL UP TO? WHAT IS 'It is, nonetheless, still too early to accurately assess the inal outcome of foreign and Up to 7Vi m Interest ori Four Year Certificates of Deposit. Penalties assessed on premature withdrawals of certificates. U.S. crop output in 1974-75, and estimates are thus subject to a Weslon Favors Wallace For Office Joseph H. Weston, the editor of the controversial Sharp Citizen newspaper, said Sunday that he would like to see Gov. George MAY WE SERVE YOU? President Ford and asked him to pick Wallace for the position. write-in candidate for governor, 2 Locations To Serve You first federal savings Jim Calciwell of Rogers to recommend that Nelson Rockefeller be the next vice president. On the Square and Northwest Arkansas Plaza Rockefeller and two other sons for the position. 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Sky standard Pillow Cases 4.99 pr. 4.49 pr. blue, parchment or firefly yellow. Towels: Orig. Sale Bath Towel 3.50 2.99 Hand Towel 2.50 1.99 Wash Cloth. 1.00 .89 Open Monday Through Saturday 10 A.M. Until 9 P.M.

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