Decatur Daily Democrat, Volume 53, Number 279, Decatur, Adams County, 28 November 1955 — Page 8

PAGE EIGHT

Farm Mortgage Debt Likely To Increase 10 Per Cent Boost Expected This Year WASHINGTON (INS) — Farm mortgage debt is expected to rise about 10 percent this year and to reach a level ot more than nine billion dollars by Jan. 1. An agriculture department, report on the farm cost situation coupled this estimate today with a forecast that ‘ farmers’ mortgage indebtedness will continue Its upward climb in 1956. • The report amounted to a detailed picture of the present farm cost-price squeeze which is rapidly building up into a top political i*sue in the 1956 presidential

The big news i n the low price field ' ■ • _ . ° . . . Z“" .. ■: - r .; ?■ 2- 7 ’' - —4—r ■■■■■■■» ; — '—r r ~—r~’ s » v • ■ ■■ tK Make way today for the one new car that B &■■■» B stands out from all the ftest—the B H H W MWMiMiiMB M big new Studebaker! Here’s a really new look in ■ ’WBB ■» H the low price field. Longer, stronger lines, greater roominess, standout styling! And more! You’ll find a new note of craftsmanship in the deft tailoring of bigger, m sound-conditioned interiors, in the easy precision m hj which the doors click shut ■ 1 the widest choice ever offered in its field! Five great new Sixteen fabulous Studebakers —with rich, color-keyed interiors within j smartest two-tone exteriors—each a living, vibrant example of craftsmanship with a flair! SSSSsn e! r . •' nr (s ; . dprfgusf '! AL* m IW\ • Jw/Jr n ! I ■'l ■■ s WkX\ ZF |/ if I I I I !■ ■< it 1 Wn \ x ,41 i iff I i I ■III 1 In .-xZX. w wBkXX ZZ 111 (t 'I i I BHill I . X’ _■■ V_r ■MMMMV-~-3gk jpw— .tmj. SSEy*!* l Bhrns*. - r Z' i ~ Bl w ZSa X ZvX.* ■ A\ _ r. I] --- — "-Ml wkwlß aiwftMgwia*.. . ' —~ > VvWB t IKIW IIZ t*"’’’""' V\ 11 The Studebaker President Classic—longest, roomiest sedan in its field—2lo hp. v - i" ■*• X/ / 9» / /S • Outside, the sculptured- Z :< . xB / y\jf • f.- *>. steel look. Inside, handsome sound-conditioned ceilings. A / smart new instrument panel with Cyclops Eye speedometer! ffad, <ftts Surging Take-off Torque in Z ryi O I<PQ I iHpHa three great neW Swee P“ takes engines. Plus new Flighto- \ • • • 111 Q> «\C? O Vj Lvl V*l v? kJ Q, i\ C I matic—smoothest, fastest-starting automatic drive known! —rt < +ho GSTA IXI P)AI IT r*AF? center of gravity, V LI IC? I /"> IXI ImT I I X with Pyramid Design. Exclusive oversize Safety-action ) ■||||few ■- --:— ~ * - brakes. Safe-lock door latches. Optional seat belts. IMBM in the low price field! budget-minded design and economy engineering that won first place „ consistently for Studebaker in Mobilgas Economy Runs! - “ ” i , STUDEBAKER..'. Division of Stud»bak«r-P«ckard Corporation . WHERE PRIDE OF WORKMANSHIP STILL COMES FIRSTI Z ; 'TZ "• \ "-ZZ .;'.•/ Z r ; _ X.. '.Z- . ’' r ' '- ' . i* 1.. .... . . ' ' Z' - . ’ ' ' ■ ■».;■. • . . ■ ! ._ / . — ■ >■■ ■ \ ‘ ’ .'■ — ’ ~. • ■ • ‘ See it at your Studebaker Dealer today!

olections. Here are some of the highlights: < - 1. Farm costs in relation to prices received for commodities are about at the level that existed in the late 1930'a —or considerably less favorable than,the average tor the last 15 years. 2. Farm wage rates have quadrupled since 1935-39 and a further slight increase is expected in 1956. 3. By using more labor-saving machinery and making other ad justments, some farmers haye been able to lower unit costs of production and thus offset the decline in prices. But some types of farming operations are tough to mechanize. 4. Machinery dealers are expected td continue next year their recent policies of allowing more than the market value for “tradeins” and of giving discounts. But

I several manufacturers have in- ■ ■ creased their prices to dealers by : five to seven percent. > As a sidelight on machine-age i farming, the report said that I work animals are no longer an important source of power. There i are less than five million mules on farms now compared with about 'l4 million as late as 1940. A parallel development is that i farmers are now using about seven billion dollars of motor fuel annually, or approximately twice as much as they used in 1940. Percentagewise, the report showed that costs of commercial fertiliser have gone up less than most other production items—in fact, the average price actually has declined a little in the last three years. Farmers apparently consider fertiliser a good buy at present prices, for. they continue to buy more and more.

THB DECATUR DAILY DEMOCRAT, DECATUR, INDIANA

Getting back to the farm mort- ’ gage situation, it was estimated that in 1956 the interest on this » indebtedness may reach 440 million dollars, or about seven peri cent above the estimate for 1955. r On short-term loans, other than i those on real estate, the report i said the interest this year may be 10 percent more than in 1954. mainly because more farmers are relying on their credit. As a final blow, the report ’ pointed to preliminary forecasts that taxes levied on farm real estate and personal property for 1955 and mostly payable next year will be five percent above 1954. IKE DISCUSSES ■ (Contlnuea rrom Page One, Hall: "I don’t kaow. That’s his decision and when he makes it, it will be bis decision. I did not dis-

i cubs timing." Hall also said he is taking a personal message from Mr. Eisenhower to the meeting of the GOP national committee in Chicago Thursday. \ SCIENTIST >AYS (Continued From Page One) the Soviets were put on to the new project by U. 8. disclosures. The science editor said the method the Russians used to explode the superbomb at great height to measure the effects, was puzzling British defense experts who regard it as an astonishing technical achievement. These experts believe the weapon must have been carried up ny a balloon or pilotless plane and exploded by r remote control since they do not think the Russians have a rocket capable to carrying a 15-to-2p ton superbomb.

JUDGING IS (Continued from Page One) pel, Indianapolis, and William DeBoer, Bridgeport. , Indiana also was third as a st&te in 4-H competition for the group of 10 best steers and on best county groups of three animals. Tippecanoe was first in Indiana, Jasper. > second, and St. Joseph, third. The Hoosier state was next in line after | Illinois and lowa. Marion L. Holsapple, of Orleans, Ind. received a S3OO scholarship for excellence in 4-H development. His younger.,brother, Elden, had been named outstanding 4-H youth last year in national ' competition. 1 Leo S. Mann, of Otterbein, Ind., ' won another S3OO scholarship for 1 work in promoting farm safety. ' In open class competition in ' wool, Oren A. Wright & Son, Greenwood, Ind., won firsts for their

JUDGING IS

Dorset ram and ewe, and Stanley E. Poe. Franklin, won first places with his Cheviot ewe and Hampshire ram. If you have something to sail or rooms for rent, try a Democrat Want Ad. It brings results.

SALE CALENDAR NOV 28, 29 30—6:3v p/m. Galbreath and Co. Firestone Store. Harts tord City, Ind. Close-out of toys, appliances, hardware, TV’s, sporting goods, etc. Gerald Strickler, D. S. Biair, auctioneers. C. W. Kent, sale fligr. — DEC. 1—7:30 p. in. HI-Way Auction Barn, 2ft miles west of Decatur on US 224. New and used furniture. Jerry Bixler, Ed Sprunger, auctioneers. 4 . DEC. 1—7:00 p. m. Mr. * Mrs. Norman Scott, owners. First nouse west of city limits of Bluffton, Ind. on the Airport Road. 2-Bedrooin house. D. S. Glair, Gerald Strickler, auctioneers. C. W. Kent, sale mgr. DEC. 3—10:30 a. m. Rozila Leach, owneh North edge of Fennville, Ind. on St. Rd. 1. 95-ac.re farm and household goods. I). S. Blair, Gerald Strickler, auctioneers. C. W. Kent, sale mgr. DEC. 10—10:30 a. m. M. L. Baltzell, owner. 3% miles northeast of Willshire, O. Sheep, machinery, farm equipment, household goods. Merl Knittie, Don Mox. auctioneers.

MONDAY, NOVEMBER 28, 195 S

31 NATIONS TO (Continued From Pa<e One) West New~Guinea and the Soviet item tor ‘‘relaxation of East-West tension." Trade in a Good Town — Decatur