Newspapers / The News-Journal (Raeford, N.C.) / Jan. 16, 1975, edition 1 / Page 12
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!CHOOSF- Students at the first session of the senior citizens'crafts class chose project supplies. From left arc Mrs 4 A Rav Mrs. Doug Shaw, Mrs. David Smith, Miss Isabel Me/ adven and Mrs. /.eon Thrower ' ' S & L Elects Directors Directors of the RaSlord Savings and Loan elected H.L. Gatlin Jr. president of the annual stockholders' meeting Tuesday. Younger F. Snead Sr. was chosen vice - president and Franklin R. leal was re-elected secretary-treasurer. Margaret L. Davis and Helen B. Monroe were re-elected assistant secretary-treasurers. Directors chosen at the meeting were Alfred G. Bray, Fred M. Culbreth, H.L. Gatlin Jr.. Julius F. Jordan. Thomas F. McBryde, Graham A. Monroe. Sam C. Morris. Richard F. Neeley. Youngct F Snead Sr. and Franklin Teal. Assets of Raet'ord Savings and Loan stood at S8,128,000 at year - end 1074. This was a JO per cent inctease over a year ago. Teal reported. During the past year the association paid a record S371.477 in interest to its savings depositors and added S5 I ,S4J to its reserves. Total reserves are now S257.000. "We are glad to report that ll'74 was a year of progress for us Teal said, "despite the continuation of veiy serious inflation, a decline in savings deposits and general tight money." Teal said that the key factors during 1>)74 were the unabated inflation, competition from the private money market instruments, and high rate government securities and the general uncertainty ou the pait of the American public. "The year ll>75 is probably going to get oft to a slow start. However, hopefully as the months go by we will see some concrete improvement in the economy." Teal said. "Here again the key to the whole situation is how much of a dent we are going to put in the inflation. Hopefully it the public is serious in its desire to stop inflation, we may see some good results." Teal said that during 1974 Raelord Savings and Loan financed 98 homes and apartments in and around Raelord. in total the association made more than 52.200.000 in mortgage loans. "The rates we arc paying now on our savings accounts and certificates of .deposit are the highest on record and the highest allowed by law ." Teal said. "While we saw many Americans seeking highei rate investments during I<>74 all the evidence points to the I'act that they ai e coming home to the solid unglamoious - but completely dependable - passbook account. This was evidenced by the fact that during the last quarter of 14>"*4 savings deposits definitely began to improve. "I predict thai 1975 will see a definite improvement." Hoke ASCS By Thomas R. Burgess No deficiency payment needed foi 1*>74 - crop wheat, barley ? Secretary of Agriculture Earl L. Hut/ announced on Jan. 7 that there will be no deficiency payment made tor I1 >'4 ciop wheat and barley . As provided by the Agriculture and Consumer Protection Act of I deficiency payments shall be made to producers when the national weighted price received by farmers f'oi the iirst five months of the irurkeung year ?? July ? November lor wheat and barley -? is less than the established "target" prices for these crops. The natimal weighted average price received by producers ?or the fuM live months of :he 1074 marketingycai wj> S4.31 per bushel f'oi wheat and $2.Kb per bushel for barley Since this is in excess of the taigci puces of' SI.1)5 for wheat and SI. 15 for barley, there will be no def iciency pay ments. Although the deficiency payment determination tor barley is made after the first five months of the barley marketing year, any barley payments which might be due tn subsequent years will not be issued until after March i. when the determination is made lor corn and sorghum. Storage and drying equipment loan program amended . The U.S. Department of Agriculture has announced an amendment to the Commodity Credit Corporation Fatm Storage and Drying Equipment loan Program regulations whereby a commodity no longer needs to be eligible for price support before its production can be considered in determining a need for farm storage or drying equipment. Report Irks Farm Chief The North Carolina Farm Bureau Federation criticized the7indingsof the Consumers Center yf North Carolina (CCNC) on taxation Monday. "The recently released report of the CCNC regarding taxation of farm land above a complete disregard for the necessity of ample productive farm land", John Sledge, federation chief said. Sledge accused Lillian Woo. CCNC director, of advocating speculative taxation. "She proposes that productive farm land be taxed at the price developers would pay for the land'. Sledge warned The CCNC proposals would result in a decrease in productive farming and lead to higher food prices. Adoption of ihe amendment became necessary alter I SI)A announced the discontinuation of price supports lot soybeans. tlaxseek. and dry edible beans. These commodities will now continue to be covered under the Storage and Drying I quipment loan Program. To become eligible under the amendment, the hoitowei must produce one or more eligible commodities (corn hurley, grain soighum. . wheat, rye soybeans, rice, flaxseed, dry edible beans, peanuts, and suntlower seed) and have a need tot farm stoiage and drying equipment tor the storage 01 conditioning oi one or more ot the eligible commodities. In each vase, the County Agiicultura Stabilization and Conservation Committee shall determine it the proposed farm stoiage or dry ins equipment is needed on the farm n winch the loan application lelates. The amendment becomesettectivc <?r ail loan applications tiled-alter Jan. I l*>75. Producers with questions relating to the farm storage loan program shouk contact their local ASCS office. Community Meetings Set Community meetings to help plan the four-couritv community action program are being held this week. The West Hoke Community Organization. Inc.. will meet Thuisday at 7:30 p.m. at the Willie Davis store. Duffie Community Organization Inc. will meet at I III p.m. Thuisday in the rural CEP building. Cameron Heights Neighborhood Centet will meet at 7:30 Friday. The South Hoke Neighborhood Centci was scheduled to meet Jan. 14. Essay Contest Offers $10 Prize The Raelord Daughters of the Confederacy are sponsoring a contest for the best essay written on Oeneral Robert F. Hoke. Mis. Herman Koonce. Tl)( histoi tan announced. I lie contest is being held to honor local heioes in advance of the Bicentennial Celebration, she said It is open to junior high school students. A cash prize of SIO will he awatded for the best essay Church Ne ws A gospel sing will be held Saturday. Jan. 18. at South Hoke School, beginning at 7 p.m. Ihe Rev. Willie B. Lewis of Channel 6 in Wilmington and his singers will be in chaige. The public is invited Vetreach. a volunteer program sponsored jointly by the Veterans Administration and the ACTION agency, uses Vietnam Lira veterans to assist othci veterans in taking advantage nf V A Deaths And F unerals Evander Warren Funeral services for Evander Warren were held Tuesday St Jernigan-Warren Funeral Home in Fayetteville. Warren, 82. was a retired fanner of Rt. 3. Raeford. He is survived by a brother, N.L. Wanen of Fayetteville and a sister, Mrs. B.H Hill, also of Fayetteville, a nephew, David C. Warren Jr. of Raeford. William Kloman Leach Sr. Funeral services for William K. Leach Sr. of Burner were held Tuesday at Burner Presbyterian Church by the Rev. Charles Fitzpatrick and Dr. Alfred Thomas of Laurinburg. Burial with military honors was at Carolian Memorial Gardens in Creedmore. Leach. 51, a native of Hoke County died Sunday at the Veteran's Administration Hospital in Duihant after a long illness. Leach was a health care technician in Burner and was retired with 24 years of Army service as first sergeant. He served in Europe during World War II and in the Korean Conflict. Leach was an elder of Butncr Presbyterian Church and was a Mason and member of the Hickory York Rite Bodies. He is survived by his wife, Mrs. Wanda S. Leach; two daughters. Misses Patricia and Pamela Lead) of Jacksonville. Fla.; two sons, William K. Leach, Jr. and Willard M. Leach of the home; his mother. Mrs. Irene Currie of Raeford; two sisters, Mrs. Clyde Campbell of Butner and Mrs. David Justice of Fayetteville; two brothers. Alfred K. Leach and Clyde Leach, both of Raeford. James B. Bryant Funeral services for James B. Bryant of Red Springs were held Sunday at Cod Holy Assembly Church. Burial was in Galilee Cemetery. Bryant.46, died Thursday. He is survived by his wife. Mrs. Annie W. Bryant; a daughter, Mrs. Carl Locklear'of Maxton; two stepdaughters. Misses Rhonda and Karen Sue Wynn of the home; a stepson. Jerry Wynn of Shannon, sisters. Mrs. Janie Cummings of Red Springs. Mrs. Doug McMillan of Maxton. Mrs. Victor Larkins of Washington, DC., .and Mrs. Wesley Youno of Jacksonville, Fla.; brothers. Edgar Bryant of Raeford, Danial Bryant of Lumberton. Mancil Locklear of Shannon, Billy Ray Locklear of Jacksonville: three grandchildren. H oke igh lights by Terri Tucker The Hoke High Varsity boys travelled to Scotland Tuesday. January 14. along with the JV boys and varsity girls. Support your Bucks and see them in action. The S.A.E. members fixed fruit boxes for the custodian staff for their annual Christmas project. The students brought boxes with Christmas paper and each person was assigned different things to bring to fill all of the boxes. The students took their box to Mrs. Semones' room and then they were delivered to the staff. The first semester of the 1974-75 year at Hoke High is approaching its end and exam time is drawing closer. Exams will be given on Wednesday. January 13, through Tuesday, January 19. The English, History and Math will have exams on Monday, Wednesday, and Friday. All other courses will be given on Tuesday and Thursday. Each period will last the regular 52 minutes. Exams will count 1 /7th of tlie semester grade. Good luck, students. J.H. AUSTIN INSURANCE SINCE 1950 ?.../ AUTO - FIRE - LIFE CASUALTY 114 W. EDINBOROUGH AVE. PHONE 875-3667 Good News At Last! Home Improvement loans at bank rates. For those of us who are caught in this inflation era and need more room but can't afford to buy bigger homes. COMPLETE HOME IMPROVEMENTS SUCH AS: 1. New Kitchens 8. New Roofs 2. New Bathrooms 9. Driveways, Sidewalks & Steps 3. New Floors or Carpet 10. Brick Work 4. Closed In Carports ' 11. Siding 5. Room Additions 12. Now Windows 8i Stonn Windows 6. Fireplaces 13. Insulation 7. Painting 14. Swimming Pools You Name It! We'll Do It! NO JOB TOO LARGE OR, SMALL! 100% FINANCING COUNTRY FAIR Home Improvement Co. 529 Harris Ave. Telephone 875-4807 Raefotd, N. C. DOG ORDINANCE BECAME EFFECTIVE Jan. 1st, 1975 All owners of dogs residing in the City of Raeford must obtain city dog tags prior to Feb. 15,1975 TAGS AVAILABLE AT THE CITY OF RAEFORD TAX OFFICE FOR *2.50 The city leash law provides all dogs within the city must have city dog tags by Feb. 15 or they are subject to be impounded. FOR RENT One Bedroom Furnished APARTMENTS WALL TO WALL CARPET CERAMIC TILE BATH AIR CONDITIONED SOUND PROOF WALLS EDINBOROUGH APARTMENTS 7'C Bethel Road for information Call 875-339 Tin? 9 STEER ME ENJOY SUPERB CUISINE IN A RELAXED ATMOSPHERE OF SOFT MUSIC. CANDLELIGHT AND GRACIOUS SERVICE Dinner every evening 5:30* to 11 PM Reservations 692-3503 U.S. No. 1 Bypass (Across From Sheraton Motor Inn) SOUTHERN PINES "Where Gourmets Gather" mwnnnnnnnnnnnnnnnnnnwwniMiiMMi ?
The News-Journal (Raeford, N.C.)
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Jan. 16, 1975, edition 1
12
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