Weyerhaeuser
Gains Are Noted
Weyerhaeuser Company re
corded net income of $34.2
•Billion in 1870’s first quar _
ter, George H. Weyerhaeuser,
president, reported today. The
, was up 11 per cent from
the comparable quarter last
year.
It was the best first quar
ter performance in the com
pany’s history, Weyerhaeuser
said. Pre-tax income of $32.1
million was up 18 per cent
from first quarter 1968 levels.
Sales totaled $3064 million,
U P 10 per cent from the year
ago record, and earnings per
common share totaled 62
cents, as compared to 61 cents
in the first quarter of 1968.
Cash flow was $55.3 mil
lion, up 19 per cent.
Weyerhaeuser listed several
factors as contributing to the
company’s strong first quar
ter performance, in the face
of the continuing housing
slowdown:
“Overseas markets, which
Play an important and in
creasing role in Weyerhaeus
er’s total remained strong
during the quarter and in
same areas further demand
and price improvement is.an
ticipated during the year.
‘Wood-based industrial ma
terials, as opposed to those
aimed at residential markets,
have remained in strong de
mand and the company is a
major factor in those mar
kets.
“An intensive management
effort to stress cost effective
ness began at about the same
time as the housing slump,
and it continues to show re
sults.”
Graveside Rites
For Mr. Peake
Graveside services were
held at 1 P. M. Tuesday for
Thomas Judson Peake, 70, 11
(Montpelier Drive, who died
Sunday at his home following
a recent illness.
Rev. Fred B. iDrane was in
• charge of the services at
Beaver Hill Cemetery.
Mr. Peake was retired .from
A & P Tea Company.
He was born in Church
land, Va, on February 5,
1900,‘Sort 'of the late John E.
and Maude Williams Peake.
His marriage was to Mrs.
Ruth Belle Peake, who sur
vives.
Also surviving are two
daughters: Mrs. Ruth W.
Hughes of Portsmouth, Va.,
and Mrs. Myda W. Price of
Edenton; one brother, Edward
E. Peake of Puyallop, Wash.;
a sister, Mrs. Harold Jones of |
Alexandria, Va.; four grand
children and two great grand
children.
He was a member of St.
Paul’s Episcopal Church.
Williford Funeral Home
was in charge of arrange
ments.
Herald Legals
Administrator’s Notice
In the General Court of
Justice
Superior Court Division
Having qualified as Admin
istrator of the estate of Alex
ander Martin, late of Chowan
County North Carolina, this is
to notify all persons holding
claims against the estate of
said deceased to present them
to the undersigned on or be
fore the 24th day of October,
1970, or this notice will be
pleaded in bar of any recov
ery thereon. All persons in
debted to said estate will
please make immediate pay
ment
This 15th day of April,
J 970.
ROY L. HARRELL,
Administrator of the Estate
of Alexander Martin, De
ceased.
Exp May 14c
RUNNING...
"RUNNING”
rent
CLERK OP COURT
CHOWAN COUNTY
Ralph E Parrish
«9mr jUjiH —« V«to WEB
’ r ' : ■' ■’
Record Quantities Os Soybeans Being Sold At Home And Abroad This Year
American soybean produc
ers are selling record quan
tities of soybeans both at
home and abroad this year,
according to H. O. Carter,
state executive director for
the Agricultural Stabilization
and Conservation Service.
It is estimated that soy
bean utilization will increase
from 945 million bushels used
in 1969 to 1,136 million bush
els for this year. This in
crease in market demand for
soybeans represents the pro
duction from about seven mil
lion acres.
“In view of the excess pro
duction capacity we have in
this. country, this growth in
effectivein We
V A ■ ■ 4 H SATURDAY \
GREAT FOR SEASONING"
■ pi vL wt BACON END SLICES 45c
JpE" Wkr "... r-nwr-n "SUPER-RIGHT" QUALITY HEAVY CORN-FED BEEF 25/35# AVG
CUT UP FRYER OOC liiiiA! W"
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with back fryer 0 _ PORK LOIN S 5? CHOPS Lb 68c ALL MEAT BOLOGNA 59c
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i r SPLIT FRYER “>• JX SLICED BACON ' Pk Lb : 69c 2 Pk Lb $1.35 WHOLE HOG SAUSAGE 69c
CAPNJOHN_S FROZEN CAPTI JOHSTS FROZEN COOKED 4 FROZEN PEELED BEEF, CHICKEN. TURKEY. MEAT LOAF, OR SALISBURY STEAK
DEVILED CRAB 49c FISHCAKES BPk 8 Pk 0 9 ' 27c SMALL SHRIMP ' P °£\Bsc MORTON’S FROZEN DINNERS 2 VI, 0 , 1 79 c
SHOP A&P FOR FRESH AU PURPOSE SERVE SHORT CAKES TODAY
YELLOW CORN 8 £ 59t Red Bliss Potatoes 5 a 49c STRAWBERRIES 2 A 79c
f GARDEN FRESH JUST RIGHT FOR COLE SLAW BIG SNACK lOEA - WINESAP
POLE BEANS “ 19c FRESH CARROTS 2 a 19c APPLES 3 a 49c
STOKELY JANE PARKER REGULAR AND SANDWICH SLICED MADE WITH BUTTERMILK
c sau BREAD 4 99 c
JANE PARKER BROWN & SERVE jane PARKER MLICIOUS
PAGjIJ RU SfrM/ER CLOVERLEAF ROLLS 2«£ 49c DANISH PECAN RINGS SJ- 49c *
VERY tasty—jane PARKER jane Parker freshly baked
Ctwtal * TOKELYCUT , BANANA NUT LOAF CAKE C 46c ANGEL FOOD CAKE V 49c *A. \
Un Green Beens 4 Cons | JANE PARKER COFFEE BREAK SPECIAL jane PARKER FRESHLY BAKED I J
STOKELY SPECIALLY PRICED GLAZED DONUTS *£ 35c 46e APPLE PIES Arnnul lc« Crnm ii? 39c WhSM V J
SHELLIE BEANS 3 SI .00 4K,SI DO M JBI 1J JWI W!1 P4IJ II ■■ 11 lie 1111 111 IJJMMIM V
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GOLDEN CREAM CORN 4 SI.OO ANN PAGE RICH RED TOMATO 2 2001 49e I ; j 1
STOKELY SPECIALLY PRICED « JZ ' THE ILLUSTRATED WOMAN'S DAY
HONEY POD GREEN PEAS ' Co Lb 29c O COLUMBIA ENCYCLOPEDIA
GREAT WITH GELATINS ■i L TJI ENCYCLOPEDIA
STOKELY FRUIT COCKTAIL £■ 33c MmE "' ii'oo - 49
refreshing ■ WBH Bo,s A 49c in $1.99 89c $1.49
STOKELY PING DRINK to o *’ 39c PAGE—COOK-OUT SPECIAL SHOP A&P FOR
BARBECUE SAUCE 38e SULTANA SALAD DRESSING t 39c 1 Jilll M Jil Pi
BEANEE* WEENIES 33c great FOR salads specially priced 1 l'l H 1 sh i| I
SULTANA MAYONNAISE 45c A&P COLOMBIAN COFFEE 89c BJULUKUCiIfI
l > GKEERI-MD DRINK MIX 6tS 31c OUR OWN TEA BAGS 99c ■Hlliii9lliUlllUilli9
I f SAVE 25c |MP EY4POR4TED MILK 2-PLT G4RDEN HOSE t . , ug » OUR ETERTDftY LOW RETAILS! «
1 Mnviu* MavnH 1 ®« E » ASPIRIN If 49c ’«?■ 88c “Snper-Ri e ht” Lcndicoc 56c sUMN'raOSTIoIuKES » “ 41.
I MAXIM JSSf~ lInAXIBII I SPECIALLY PRICED DELICTUS IN S.N PAGE SPARKLE GELATIN WlfcWl CHUMtII HJIKLS PI, 41C
| WITHOUT THIS COUPON YOU PAY f 1.97 I A&P APPLE SAUCE 3 49c A&P FRUIT COCKTAIL 2l£ 45c
CHICKEN & DUMPLINGS 01 41 c 1
s■l72 WITH , GREAT WITH MARVEL SALTINES A&P SPECIALLY PRICED W " rU " W Con
V I ‘”" 01 ' / Campbell'* Tomato Sup 3 lo jL?' 40c Tomato Sacco 2 *£, 19c 2 j;” 33c DUKES MAYONNIISE 47e
■i?‘_ i’U Rad Soar |Htt*4 Gbcnic 2 43c QUAKER OATS 33c ARMOUR VIENNA SAUSAGE 20c
* 1 GREAT DESSERT VALUE—COMSTOCK REGULAR OR QUICK “
FOR FAST PAHM RELIEF CHERRY PIE FILLING l l L| c ” 49e QUAKER GRITS % 23c % 49c I re E ANUT BUTTER KRUNCHV 51c I
m. m.■ m one time offer—regular or super Kleenex specially priced w 1 iar wl *
ANACIN Kotu SacHaiy Napkict t? $1.49 BoaKqca Balbroom Tiuac ’C 29c wfssm ii* "tv ■*-»• *u
'P°n Cf , AQ SwshiM Vanilla Wafers 37c MORTON’S CREAM PIES 3 C 89c mum mrT green g 'T rr.
\ -w«T Btl. Only w | ‘tv BREAKFAST TREAT—FROZEN A&P FROZEN HIDLCIO uUtln Z Com OOC
I SUNNYFIELD WAFFLES 2 19c Baby Grew Unas 2 C 39c 59c alp nomn ri farh w-g- «. !
SPECIAL SALE ON MILD & MELLOW EIGHT O’CLOCK I SSTJtSS j TZr Juq !
, '! Graea Giant Greaa Paas 2 '££• 57a
LIPTON TEA BAGS X. 65c
THE CHOWAN HERALD, EDENTON, NORTH CAROLINA, THURSDAY, APRIL 38, 1878.
soybean demand is welcome
news to soybean producers
and taxpayers,” Carter com
mented. ,
During the period 1868
and part of 1960, soybean
supplies tended to increase as
a result of increased compe
tition from lower-priced im
ports of .fish meal, sunflower
oil and other competitive pro
tein substitutes.
However, in recent months
demand for soybeans has in
creased substantially as a re
sult of more competitive pric
ing, a drop-off in supplies of
other high-protein materials,
and continued growth in
world demand for protein
feeds.
“As a result of the in
creased demand at higher
prices, soybean producers who
placed their crop under loan
last fall have been redeeming
them prior to the loan ma
turity date and moving them
into the open market," Car
ter pointed out.
In past years, with less
favorable markets, farmers
have tended to leave their
beans under loan until the
loan maturity du'.e. Re
versal of this trend will re
sult in a substantial saving
to the government and there
fore to taxpayers.
“Increased exports have
been, and will continue to
be, the key to large growth
markets for soybeans,” Mr.
Carter pointed out.
ISoybeans supply more
than (four pounds of meal for
each pound of oil, while most
other vegetable oil products
supply about a pound of oil
for each pound of meal. The
demand for meal is increas
ing faster than the demand
for oil, and this in turn cre
ates a demand for soybeans
both in the U. S. and abroad,”
he explained.
With soybeans priced more
competitively with other
high-protein products, overall
market demand has increased
faster than processing facili
ties could profitably be de
veloped.
However, with a somewhat
improved operating margin,
more crushing plants are be
ing built or planned. “This
will increase the demand for
fanners’ beans and eventu
ally provide a greater volume
of soybean oil and meal at
more competitive prices,"
Carter emphasized.
Recent action which re
sulted in a 50 per cent reduc
tion in the soybean levy into
Japan, and continued efforts
by USDA to discourage an
import tax on soybean' oil
and meal moving into the Eu
ropean economic community,
has helped exports.
This action, combined with
a continued desire by con
sumers to upgrade their diets,
VOTE fc)R
Charles B. Morgan
Edenton-Chowan Board of Education
First Township
SATURDAY, MAY 2nd
Your Support and Vote Will Be Appreciated!
PAGE THREE-B
market for additional sup
plies c.f beans.
In anticipation of this im
proved market demand, soy-
Contfnued on Page 5