Thursday, July 27,1978
Peanut Market Summary
Southeastern Section •
Demand for southeastern
grown peanuts was very
light during the week ending
July 21. Trading was very
slow though prices were
about unchanged. Sales of
Old Crop were too few to
duote. Crop conditions were
§urly good in most sections.
Rainfall ranging from % to 5
inches fell over the region
during the past week and the
cfop progressed well in all
ai-eas. Prices paid per
pound for New Crop runner
type peanuts sold on an FOB
shipping point basis for
shipment were
f<jr Shelled Jumbo 36%
cents; and U.S. Splits 32%.
Sales of other grades were
tq& few to establish the
market. I ’
■
•Virginia-North Carolina
Section - Demand for
Virginia and North Carolina
gliwn peanuts was light
during the week ending July
2E Trading was slow at
unchanged prices.
Temperatures were hot over
mbst of the area. About 2
inches of rain fell over the
past weekend. Crop con
ditions were good. Prices
paid per pound for Virginia
type peanuts sold on an FOB
shipping point basis were
FLOWER CART PLANTER
This charming flower cart ■"*-
makes an unusual ‘■FLOWER CART
versation piece. It’s made w IBfigjJl
of sculptured metal, with a -4 * jSjtiKKmEtjt**
copper,’ finish RUpEX
or a®
artificial flower iiting
along side the barrel is an
attractive flower pot with - < m vly • *
metal sculptured flowers * ’pi”
and leaves. No. 068 Flower Cart Planter 14.98
j G. M. Sary*Rt. 1, Box 56* Merry Hill, N. C. i
27957 |
i Name j
• )
i Address ;
! City State Zip j
I Quantity V'! ,U W i&\ \v/ < M j I
L__ • * • - • ■ ■ i ~ i i 1
1 B,G sa vings of
%PRICEsJ*SO- $ 120
ON OUR FULL STOCK
The quality goes in i OF NEW 1978
gky//g?F<g before ttte
1 HHHHMI name goes on® A Oil ■ #%■■■■
We’re a Iso offering a 19 ,23 , and 25
15% discount on all
three Zenith Allegro T~
-s^_^Tejevjs|onsr
lArircnN'c radio and I
jhi#noun o tv service
t . ..t, ' 1-1 ; v . -
■ • ' - ■■ ■ - « ••
for Old Crop July-August
shipment Unshelled Jumbo
41% to 42 cents; Fancy 40 to
41%; Shelled Number One
32% to 33; New Crop Oct-
March shipment Unshelled
Fancy 35 to 35%; Shelled
Extra Large 40%; Medium
38%; Number One few 33
Sales of other grades too few
to quote.
Southwestern Section -
Demand for Southwestern
grown peanuts was light
during the week ending July
21. Trading was inactive as
buyers and shellers awaited
further developments in the
current crop. The south
Texas; crop was in fairly
good condition but the crops
in Central Texas and
Oklahoma were critical due
to lack of moisture and
extremely hot weather. The
New Mexico crop was in
fairly good condition and
made substantial progress.
Prices paid per pound for
Southwestern peanuts sold
on an FOB shipping point
basis were for Old Crop
Spanish type Shelled U.S.
Splits 34% cents; Runner
type Shelled U.S. Splits
33%; Valencia type Un
shelled handpicked 36. Sales
of New Crop peanuts were
too few to establish the
market.
2=
REPORT PROM
U.S. Senator
JEBBE ★ ★
HELMS
WASHINGTON—If California's "Proposition 13" served
no other purpose—and I feel that it served a great many
useful purposes—it obviously gave hope to millions of
Americans that they can, after all, do something about big
government.
Unless I am badly mistaken, I sense that perhaps more
Americans than ever before are beginning to realize that big
government doesn't solve problems—because big govern
ment IS the problem.
The thousands of pieces of mail coming to me show
clearly that the average working people of this country are
fed up with high taxes, inflation, federal controls and red
tape. And they have every right to be fed up.
UNEMPLOYMENT—Every year. Congress has been
creating new programs which pretend to be the "solution"
to the unemployment problem. Actually, these programs
merely make the problem worse—and, in the process, add to
inflation.
Occasionally, a federal agency acknowledges the truth
of this—and there's always a bureaucratic scramble to cover
up the truth. A year or so ago, the Economic Development
Administration studied the effects of a so-called "jobs program”
called "The Public Works Impact Program."
When Congress launched this "program," sponsors of
the legislation promised (1) that it would result in the creation
of 62,000 man-months of employment the first year, and
(2) that 75 percent of the workers would come from the ranks
of the unemployed.
Well, the study conducted by the Economic Develop
ment Administration exposed the "program" for what it
was—an enormously expensive farce.
EDA STUDY—The study showed that the vast majority
of the people hired by the program were workers who already
had jobs. Only 22% had previously been unemployed. In other
words, 78% left jobs they already had in order to obtain easier
jobs with the federal government, or for higher pay, or both.
And instead of the promised 62,000 man-months of
work, the total turned out to be less than 40,000 man-months
of work.
Interestingly, very little of the enormous cost of the
"program" went to the workers. It went to pay the salaries of
federal bureaucrats who administer the program, and for other
aspects of bureaucratic overhead. Only 7% of the money went
to pay the wages of the workers!
BEST—What then, is the best way to create jobs for
the unemployed?
The only successful way to do it is for the federal
government to stop taxing and harrassing the small businesses
of America so heavy-handedly. Hundreds of small businessmen
have told me that If it weren't for the federal government,
with all of its taxation and red tape and controls, they could
hire more people, and expand their businesses, and create a
far better economic environment.
Not long ago, I was happy to play a small part in
acqpifincj industry jof Robefofi
Gofepoj jljnrj flijtjrtj ap<t;h|s asscjciitef, -W thf
Campbell Soup Company to begin a new plant in Robeson
County.
THE CHOWAN HERALD
News From Local ASCS Office
First Tobacco
Redignatioa Period
The • first tobacco
redesignation period this
year will be held from July
31 - August 4. The effective
selling date will be August
14, 1978.
Producers may designate
for the first time or
redesignate warehouses
during these five days.
Tobacco Cards
Available Now
Growers can pick up their
tobacco marketing cards
any time now or request
Peoples Bank
Reports Income
ROCKY MOUNT -
Peoples Bank and Trust
Company reports income
before securities tran
sactions of $1.441-million or
$.182 per share for the first
six months compared to
$1.363-million or $1.72 per
share during the same
period last year, an increase
of 5.7 per cent.
Net income for the period
was $1.442-million com
pared to $1.374-million in
1977, an increase of 4.9 per
cent. This was equivalent to
$1.82 per share compared to
$1.73 per share in the same
period last year.
Total assets rose from
$266,406,000 last year to
$287,554,000, an increase of
7.9 per cent. Total deposits
were $254,918,000, up 6.5 per
cent from $239,394,000 in the
same period in 1977.
Gross loans totaled
$198,404,000 up 9.8 per cent
over last year’s $180,643,000
The General Belted Jumbo' 780 features two
Blackwalls $3.00 less per tire ‘WHHifn’
Glass Belted Radial Polyester Cord
B Whitewalls Whitewalls
rTICG Uk Tubeless PriQg Tubeiess
Wh.tewaM Wh.tewaii
Urgpr aim comparably priced. Ex Tax largar comparably
The General Jet Radial features The General Custom Poly Sprint
a polyester cord body, two NBIH' features a smooth riding
tough fiberglass belts for polyester cord body, a multi-rib
stability and a wide 5-rib tread traction tread, and 13 across
for traction. the-board sizes to fit most
u s cars
auto AirrVmHitiniw c/iarge it r —wm.™#coupon- -j
V Ga "l ral i “ Engine Tune-Up j
"JT O|ASUIaI | Includes new brand name spark CpNAfl !
Our complete air conditioning This Week Only! ! piugs. adjust dwell and timing, UU
system inspection includes a I ■ check carburetor and emission
pressure test, leak test, and a Jbqqi w*»i»o honor 1 control system. This coupon ■ JACn ,
fan belt check. Most U. S. A ■ • Master charge i may not be used in conjunction Wvl I!|
cars and light trucks. %)> • vis/üßankAmericard i with any other General Tire Our Regular
SSmSSffSHSa BerViCe •£HStaStp re .. ! Dlscount Program. Everyday
cost extra if needed. includes un to one im* • Low Price
an appointment pound fr£ngas ztZZSi KL MOST U.S. CARS ;
RAIN CHECK: Should our supply of toms sizos or linos run short during this event, we will honor sny ordors placed now tor future delivery at the advertised price.
/S!!N Sooner or latet; youl own Generals
I MHH General Tire Store prices and credit terms. Product availability and
TIRE prices may vary at Independent Dealers displaying the General sign.
■W"' ALBEMARLE TIRE SERVICE
» N. BROAD ST. EOENTON
them to be mailed. The
operator or person
designated in writing , must
pick up the card and certify
to varieties planted and
chemical use.
We review designations at
the time cards are issued.
All growers should
remember:
1. They should check their
cards when they pick them
up at the office and after
each sale to eliminate
errors.
2. No tobacco is to be sold
on the card except what is
grown on that farm.
3. Any under or over
marketing applies in 1979
(Not to exceed base quota
plus pounds leased in 1978)
4. Penalty rate BB cents
per pound.
5. Errors on the card
should be reported to the
marketing recorder or the
ASCS Office.
6. Return card when sales
are completed.
F— 1 —■■ — 1 ■
Buy Below Wholesale From
Tidewater Liquidators
Warehouse
HOUSEHOLD FURNITURE - BUSINESS EQUIPMENT
FROM UNCLAIMED FREIGHT & FACTORY CLOSEOUTS - ESTATE PURCHASES
OPEN: MON.-THURS. 9 ‘TIL 5:30
FRIDAY 9:00 'TIL 8:00
N. WATER ST. SATURDAY 9H>O TIL 2:00 PHONE: 335-5737,
FS&DE Loans
Available
Farmers should
remember the FS-DE Loan
Program in preparing for
the fall harvest.
If new bins, dryers,
trailers, etc. are needed
this is a good loans
program.
1. The County Committee
can loan up to 85 per cent of
the out-of-pocket cost not to
exceed $25,000.00
2. Interest rate is 7 per
cent.
3. Repayments can be
from 5 to 8 years.
4. Large facilities could
require a real estate lien.
If interested, contact the
county office on an in
dividual loan basis.
Tobacco producers will
need to certify whether or
not they have used DDT,
TDE, Endrin or
Toxaphene on Tobacco in
the field or planted a
discounted tobacco variety.
Page 3-B
This will have to be done
prior to the issuing of
tobacco marketing cards for
the farm. Chowan County
farmers were mailed a card
for this purpose on Tuesday
to be filled out and returned.
No cards will be issued
until this card is returned to
the county office.
Compliance
Chowan ASCS reporters
are visiting farms now to
determine the accuracy of
acreage reports made by
farm operators. When the
reporter visits your farm
please help him or send
some one with him so your
acreage will be measured
correctly and no fields will
be missed.
Set-Aside Payments
Producers that are par
ticipating in the 1978 Com,
Wheat and Cotton Set-Aside
Program will be receiving
final payments as soon as all
land checks are made.