Newspapers / Jones County Journal (Trenton, … / May 24, 1951, edition 1 / Page 2
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FANS SCREENS INSECTICIDES TRERMOS JUGS ICECREAM FREEZERS LAWN MOWERS (Push &, Follow) ACKLE OUTBOARD MOTORS CAMP STOVES BOAT PADDLES WATER PUMPS (For the Camp) PAINTS Every Kind . The short-term debt owed by U. 8. farmers now total* about 6 billion dollars—the highest a mount since the peak levels of the early IMOs. About 2.6 billion of this Is owed to Individuals, merchants and dealers, and a bout 3.4 billion to Institutional lender! such as commercial banks and federally sponsored lending agencies. Furthermore, says Charles R. Clark, extension farm manage ment specialist at State College, it is likely that the short term debt will continue high, at least for 1961. Money spent for ma chinery, equipment, and live stock is becoming a larger pro portion of the total farm in vestment. Farms are less self sufficing, and cash costs are heavier now than before the war. Clark says the Korean situ ation brought in several new factors that stimulated the use of short-term credit. Farmers generally feared a recurrence of war time shortages and expected substantially higher prices. They did not hesitate to Increase their debt to acquire goods for future needs as well as to ‘expand pro duction. The volume of short-term debts may expand and shrink rather rapidly. Crop production loans usually call for repayment during the same year in which they are made. Even loans made for the purchase of farm ma chinery and basic livestock or dinarily are paid within two or three years. Clark says Tar Heel farmers are conscions of their need for adjustments and are - moving toward increased use of machin ery and Increased livestock pro duction. Lending institutions, he says, must recognize that farm ers of the state need credit to finance improved pastures, fenc ing, buildings, and breeding stock. Repayment plans must be practical and cover longer pe riods to fit farm income possi bilities. Garden Time By Robert Schmidt About two months ago I com mented in this column about the use of hotcaps for the protection of warm season crops such as j cucumbers and melons planted before the safe planting date for those crops. Early in April-one of my State College classes in vegetable crops planted water melons at the Horticultural Farm. Every other hill was cov ered with a plastic hotcap as soon as planted. At that time It did not appear as though we would have much contrast be tween the protected and the un protected hills. The weather was warm and the unprotected hills came up almost as soon as those pnder caps. However, during the past two weeks the weather has been' cool—especially at night. We left the caps on for that reason. As of today, the unprotected plants have made little growth because of the cool weather, while plants under the caps have made nice growth and are much, larger. Also, the cucumber beetles are beginning to attack the un protected plants. Wheather or not the early advantages of the protected plants will continue throughout the season will have to be answered later. For the benefit of the house wife who likes to grow iris, I would like to pass on the infor mation that bearded iris may be divided and transplanted as soon as they are through blooming. New, healthy rhizomes should be selected and transplanted so that the top of the rhizome is about ■•level with the surface of th» soil. The foliage may be clipped back about one-third to one-half. Iris should be divided at least every three years. A location with full sun is best. County 4-H Club, dairy Judging teams will compete in the State contest at State College, Ral eigh, on July 19. Bank Accounts Now lusured Up to By the U. S. Government Every account at this bank in now insured up to $ 10,000 by Uncle Sam. If you and your wife have separate accounts, each of you is insured separately, giving you a total of $20,000 protection. This insurance ap plies to checking, savings, commercial, . trusteed and fiduciary accounts. Commercial National Bank THE HOME OWNED BANK Member federal Reserve -.1 -v ' ■ pwJ. A. whiWeld . Jewelry of Quality and Service Elgin and Hamilton Watches EXPERT WATCH, CLOCK AND JEWELRY REPAIRING M3 N. Queen Street fhoiie 2377 ?”■* ' ■■ —FOR AMBULANCE SERVICE— Dial 2124 “A Garnfer Ambulance Is White” Garner’s Funeral Home 512 N. Queen St. Kinston, N. C.
Jones County Journal (Trenton, N.C.)
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May 24, 1951, edition 1
2
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