Newspapers / Tabor City Tribune (Tabor … / Dec. 19, 1962, edition 1 / Page 14
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Formers Get More Cosh; Little If Any More "Toke Home" Poy RALEIGH — North Carolina farmers probably received mure money in 1962, but little if any move "take home" paj ii: the form of net Income. In a year-end statement on the Tar Heel fanning picture. Agriculture Commissioner L. V. Ballentine estimates that gioss c »sU farm receipts will exceed lust yeur's record high by *>me $10 to $15 million. He points out, however, that the raising cost - of - production trend has continued in 19«2 Mid the state's total net farm income will be about the same ;:s last yeui 's 1»U<1 ««I $HIJi million. The commissioner emphasi/. ed that official statistics for 19G2 huvi not y« t been com pleted and the estimates are his own projections of infor mation available t:> date. "Licking at ta·· over-all pic tuie," he sakl, "we have rea son to hope that Uital cash re : cvipts fr<>m farm marketings end government payments will amount to $1,167 million breaking the record high of $1,155 million reached last ytar." Summarizing his estimate or the farm income picture, the commissioner predicts cash re ceipts from the sale of live stock a::d livestock products may exceed last year's total of mi li«..n by some $5 mil lion. while crops will pn.b..bl\ l-rltig about $2 million less it...n the $ »00 million tot.d last \e.ii·. Government payments' ' uriix I9Ö2 totale·' S42 mil-1 'if n. $10 million more than in | 1961. "The bulk of the increase·.! ι I'.ove'iunent payments are at tributable to the Wheat Stab ilization Program, w;.ich was not in effect before !!)G2," he explained. "1 understand that North Carolina farmers receiv ed slightly more than $ü nul lit η for wheat diversion under th'* ι>> ΙΜβί. "Receipts from sale of live | stock «nd livi sluck product; ι curing the first nine nn nths of ! 1962 amounted to $240.98β.00ΐ» I —almost $1 million short υf the $241,867.000 received dur ing the same period in 1961. Although receipts (luring the curly months of 1962 fell rath er substantially below those i t me months in 1961, the re verse has been true beginning with tho in«·!.th oi June. Dur ,»i ■ the past two to three ir.onths the monthly total? ! \. b«on run: ing between $2 lu s! miliii'ii above in;r«i Mn.liti'.' snoi.ths in 1301. "After t* > ιί··»1 five month* of lV.'fil t'i. re wis a ::hai| i\ k ι!ι ; ι . v.*: .ei» s--\«*rel; Mil Lvl t>! ι · " ir.· mi·' ι If ;nu t" I latter cart of that , «r. In the early months »if "'6:» br« iler p*W*s were uctu •II»· «Ki'htlv below the same Vtriod in 1961. but we did not Ret the break in prices, so that: the broiler situation for the | \e;.r as a whole is better than | «est ypar. Prices for other j livestock and livestock pro ven . tiling ll»6.d have bwn ( *:*» favorable relation with 1961 I would anticipate, therelore that receipts from sales o: livestock and livestock pro ducts during the last three months of the c.ilcndur yea. should exceed last year by « least $5 or $6 million. "With an all-time recur high yield per acre of tobacc Mid an increase of about liv percent in acreage hurve.M«< litis y.ar's tonn of ail ilue iiii.u ,ιΐκΙ burley tobai'Co i .x|RCtecl Ik exceed 11MJ1 b. ipi.roxtinately βί mil I in. > i.nus. Uiuoi tuiutcly, Hi. u.ai.<,..l j-.ains lltrougii in λ .iA'd poundage nave prob •L-I.v be· ii wipe«I « lit by iv Η cod prices received for tili, rear's U-.ιΓ. However, receipt, ι*«-in sales of tobacco this yea ,'hc.uUt at least equal las ,tai's niillioii total. "We will perhaps have · v 'iii · > some $U million in re eij.ts from sale of corn, wi.il pe .nuts should provide faint Ji with ivtuins slightly moi> tK.li $1 million ill excess > lUdl. Iliwipts from sales ο Irish potato« s and sw^et pota toes should be slightly above last year. These increased le torns from corn, peanuts, Iiis! .-•lid sweit |>otaloes will Ik hi· . ι« than offset by sinaliei ret ii· lis Iroiu sales of s ri ains. ••m.i:i|]ls from sales o. *λ tie.it may run from seven ati'l a I i.i 11 to seven and three lU iitr-rs millii.n (ioltars bciow li.st year's $15.7 million li.tal. ι «c.e.«,« . .iiid yield nl oats, barley, and rye wil! •:aiM' ·ι ri'diietion of some $41)0 $a(t!l thousand in sales from Lhese crops. "For soybean:;, cotton, and mils and vent tables coinbin- j receipt:? are expected verv j :!<;sely to approximately 1031 evels. "ΛΙ! in all. Noith Carolina 'rttnurs ire to La- commended tor a good shaving in 19(12. Cross cast: receipts breaking !.i>t year's record high will be no small achievement, even though we merely hold our own in total net larm income. "But wo could do much bet tet in both gross and net in :;.mie if we developed our agriculture to 'tie tuli limit of it= capacity. In some cases ;liis would invol.'e additional tims of production, in others ι·η·1 intensification of present lines of production, in still others better management. Whatever the means in indi vidual cases, we could see a | big uaio in the state's agrieul- ' tural income if every farmer, large and small, would do all J nat he can with all that he * Think" Big! GI¥E YOUR r A ?! 21 ¥ A GOOD USED CAR FOR CHRISTMAS Lot The "Peer Boys Wilh The Big Hearts" Shew You The?r F!ne Selection Of Used Cars In Many Styles, Colors, and Models— Tabor City Motor Sales Tabor City Whiteville Iioacl 10 Year Progress Report Waccamaw Bank & Trust Co· RESOURCES ν,.μ»it una uue From Banks U. S. Government Securities Obligations of U. S. Gov. Agencie.» Ν. C. State Bonds County & Municipal Bonds & Notes Other Securities Short Prime Commercial Notes Loans and Discounts Banking Houses and Fixtures Inter - Branch Clearings Other Resources TOTAL RESOURCES LIABILITIES Capital Stock » Surplus Undivided Profits Other Seprejrations Of Capital TOTAL CAPITAL Reserves for Interest, Taxes, Etc. Deposits Rills Payable TOTAL LIABILITIES AND CAPITAL September 5, 1952 $ Υ,ϋ»0.2>0.Μ7 0,2!Μ,7Γιϋ.14 ioo.oou.no 8:15,499.28 1 ,.{41,211.73 , 2 ».001.00 7,428,431.70 208,797.31 4 .V,094.20 $23,529,041.81 $ 300,000.00 900,000.00 207,10·».OS 33, 170.9» 1,440,334.0« 224,030.99 21,801,070.70 $23,529,041.81 SEPTEMBER 27, 1962 $ 6,707,464.07 11,825,463.38 ν 4,050,585.96 352,662.93 2,136,673.95 25,001.00 7,990,444.44 14,669,060.75 255,788.40 905,439.17 172,024.28 $49,090,608.33 ι $ 1,741,680.00 1,6*»8.780.00 608,312.42 3,986,772.42 825,207.01 43,778,628.90 500,000.00 $49,090,608.33 You've dot It Made Wbeu You've Got It Saved! Deposits In Waccamaw Bank Are Insured Up To $10,000 By Federal Deposit Insurance Corporation I.ovrly I.ine or COSTUME JEWELRY Fin* Λ**οΓ(πι?ηι Of Ladies' Bogs Ladies' Sportswear In Past«*! Colors By Rnhbi«- Brooks Majrsi io • Skirts • Blouses • Sweaters 9 Toredors ilrrksurdt· SPORT JACKETS New Shipment Of Ladies' HATS Pot Holiday Wear I.adlr« And Children's Wrap-Around SKIRTS All Wool — and Darron & Cotton SHADOWLINE LINGERIE Including Malchin* Gowns, Robes & Pajamas Petti-Pants — Slips In Regular And Short Lengths. White. Rfiir, Kfd And Black. Half Slips And Panties. BLOUSES With The "Vllli|fr" Look By Country Slilrt. Cos - Coh, Majestic In Striped Oxford* & Macron And Cotton Blends. DRESSES By R A Κ Originals. HH.n Whiting. Bobble Brook» COATS By London For Many Sfylr* Fabric* & Color· or Ladle« GLOVES Special Christina* Savings On Man St Boys SPORT COATS And SUITS I. one — Short — Regular Fine Assortment Of Men fir Boys' Ties Knsllah Leather TOILETRIES I^anton Fag JACKETS DOBBS HATS SWEATERS HANDKERCHIEFS MADRAS BELTS Gm« SflMtlen Mrn * Boy· SOCKS Fra· Gift Wrapping! Dress & Sport SHIRTS For Mm Sc Roys Also Madras Sport SHIRTS For Mm & Roys If You Are In Doubt About What To Gire For Christin«·, Give Α Schild· Gift Certificate And Let That Loved One Come In And Make > Hi· Or Her Own Choice!
Tabor City Tribune (Tabor City, N.C.)
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Dec. 19, 1962, edition 1
14
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