Decatur Daily Democrat, Volume 53, Number 200, Decatur, Adams County, 25 August 1955 — Page 7

Tirtmsiut Attatfrr al i»ii

Balance Attempted On Farm Operation Many Factors In Reaching Answers WASHINGTON (INS) —The Fedarel Reserve System tried today to strike a balance on farm operation* in 1964 to show how farmers* asset* stacked up against their liabilities at the beginning of this year. A» was to be expected, the socalled balance sheet of agriculture points up some good factors and some bad. Here, in broad outline, is bow the report viewed the financial position of farmers in general: There were Increases in 1964 in the value of farm real estate, stored crops, household furnishings and equipment, and in financial assets such as savings and stocks and bonds. These gains were offset to some Extent by declining value of live stock, machinery and motor vehicles on farms. The overall decrease in livestock value resulted both from a decline in prices of some types and the fact that there were fewer lumbers of other types. On machinery and automobiles, the rate of depreciation was greater than the amount spent on new purchases. Farm debt for the production of crops had declined in 1963, but it tnrned upward again last year, especially when account is taken of the value of crops placed under government price support loans. (Mortgages on farm real estate increased for the ninth year ip a row and'Agricultural indebtedness of,ail kinds went up by 900 million dollars during the year. As of Jan. 1 ft stood at 13 billion dollars. The report noted, however, that the increase in total debt was less than the increase in the value of farm assets so that farmers’ equities rose slightly during the year. NIPSCO Pays 25 Cent Dividend September 20 The board of directors of Northern Indiana Public Service Company has declared a dividend of 45 cents a share on the outstanding common stotek of the Company, it was announced today by Dean H. Mitchell, president. The dividend is payable September 20. 1955 to shareholders of record at tiie dot’s-*! 2. 1955. • ’ The board also declared a dividend of 29 cents a share on the 4.56 percent cumulative preference stock, payable September 30, 1955, to shareholders of record at the close of business September 2, 1955. Four Speeders Fined In Local J.P. Court Four speeders yielded to the police department’s electric timer yesterday on Thirteenth street. Those arrested were; Melvin Brock. Cincinnati, Ohio; Albert L. Husitpn. route three, Decatur; David P. Stephans, route three. Richmond, Indiana and Clyde R. Bair, Portland. Indiana. AU were fined one dollar and costs totaling 516.Z5 in Justice of the Peace court as city police continued to fight speeding in Decatur. Korean Bonus Officers Called To State Meet INDIANAPOLIS (INS) All persons connected with the payment of the state bonus to Korean War veterans have been invited by Harvey B. Stout, state veterans' service officer, to attend a meeting in the Indiana World War Memorial Oct. 19. AX ~ • * .... ■ ■ > • . f 1 J f *■.. JBR fl. Ago <* ?' /WjM MRS. AGNES STREFF is led by a friend from scene where het grandson, Richard Hamblen, 20, was shot and killed by Deputy Sheriff H. W. Trail in Los Angeles. Sent to arrest Hamblen for violation of three-year pro- - , bation. Trail sought to spare . Mrs. Streff.by not handcuffing Hamblen. In a few seconds the six-foot, 200-pou”d Hamblen bolted. Trail futilely called “Halt!” three times and fired three warning bullets. Then he shot ths youth. (International)

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THH DDOATUB DAILY DBMOCBAT, DUOATUM. INDIANA

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