Decatur Daily Democrat, Volume 60, Number 162, Decatur, Adams County, 11 July 1962 — Page 2

PAGE TWO

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THS DECATUR DAILY DEMOCRAT. DECATUR, IMDIAHA

Telstar At Glance

By United Preu International Description: A 170-pound, 34Mt inch sphere containing 15,000 parts and having 72 flat facets on its outer surface. Made of magnesium and aluminum. ..Orbit Frequency: 158 minutes. ..Orbit Dimensions: Apogee 3,502 miles, perigee 593 miles. ..Launch Vehicle: Three stage Thor-Delta. Expected Life: Two years. ..Orbit Path: Elliptical, inclined 45 degrees to the equator.

Planted Acreage Lowest Since 1909

WASHINGTON (UPI) — The 1962 crop will be harvested from the smallest total acreage in 53 years, the Agriculture Department said Tuesday in its first big production report of the year. Although the department delayed until next month an estimate of a production index, indications were that this year's output of food and feed would be abundant. Crop prospects of “good to excellent” were reported for many major producing areas, crop development appeared to be ahead of last year’s, and yields of major crops were estimated to be close to the high yields of a year ago. The department estimated the harvested acreage this year would be 288 million acres—B rodlion or 3 per cent less than the 1961 total and the smallest since 1909. The planted acreage of 300 million acres is 10 million less than last year and the lowest since 1929. The reductions are the result of government efforts to reduce output of surplus crops, chiefly Wheat and corn, and the ability of the American farmer to produce efficiently and abundantly on fewer acres. The 1962 corn crop—recently planted—was estimated at 3.5 billion bushels. This is 3 per cent less than in 1961, primarily because of a 2 per cent reduction in acreage. The prospective yield of 61.2 bushels an acre is second only to last year’s record 61.8 bushels and i 515.5 bushels above

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..Communications Capability: 600 telephone channels or one television channel. ..Purpose: To test microwave communications in space; to study the effect of the space environment* on communications satell lites; to test satellite tracking techniques. ..Testa planned: International test involvihg the Andover, Maine station and stations in Britain, : France; West 'Germany, Italy and Brazil.

the 1951-60 acreage. The corn crops last year and this were planted under a program which called for large acreage reductions to clear away the surplus. Department officials said corn consumption during the current feeding year would total about 3.9 billion bushels. Production last year was 3.62 billion bushels. This means the current carryover will be down about 300 million bushels. Tuesday’s estimate of the 1962 crop apparently means that the 1962-63 feeding season will cut another 300 million bushels from the corn carryover, assuming there will be little or no change in .ccmsuiaacUoix.-, jjftlume. The 1962 wheat crop, estimated at 5 ,»b0uV.••1.05 billion bushels, m’ehns the wheat carryover next July will be down 150-200 million bushels. The acreage reductions this year were about equally divided between the food and feed grain groups. Corn, oats, and barley show smaller acreages than last year while a small expansion of all sorghums acreage is expected. In the food grains, acreages of winter wheat and spring wheat Other than durum are down from 1961, more than offsetting increases in durum wheat, rye, and rice. A new record high soybean acreage and an expansion of flaxseed acreage from the droughtshortened 1961 crop more than offset declines in cotton and peanuts in the oil-seeds group. Total hay acreage is slightly below last year. .>■ 1

Special Premiere Showing Os Movie Mrs. Laura Bosse, Decatur clerk treasurer and president of the Adams county Democratic Women's club, has received notification df a special premiere showing of the movie “Advise and Consent’ to be held in Indianapolis. The Indiana premiere of the movie based on Allen Drury’s novel of political life in Washington, D. C., will be viewed by those interested in helping the Indiana association for mental health. Attendance at the premiere Is being pushed by the two major political parties in the state. Orders for tickets, which cost $7.50 per seat for sponsors and sls or more per seat for patrons, can bte secured through the Indiana state general committee, 309 West Washington St., Indianapolis. Checks should be made payable to the Indiana association " for mental health. $ Governor Matthew E. Welsh and Lt. Gov. Richard O. Ristine are serving as honorary chairman and co-chairmian for the event. Senator Vance Hartke designated the association which would receive

M. Y. F. ICt CREAM J SOCIAL THURSDAY, JULY 12 5:00 P.M. to 9:00 P.M. METHODIST CHURCH LAWN • HOT SANDWICHES • CAKE • PIE • ICE CREAM • GOFFEEV • COLD DRINKS State; Bank No. 731 “Published in accordance with the call made by the Federal Reserve Bank of this district pursuant to the provisions of the Federal Reserve Act and a call made by the Department of Financial Institutions of the State of Indiana.” REPORT OF CONDITION OF THE FIRST STATE BANK of DECATUR of Decatur in the Stale of Indiana at the close of business on June 30, 1962. ASSETS Cash, balances with other banks, and cash items in process of collection *t52,243,422.55 United States Government obligations, direct and guaranteed 8,529,797.59 Obligations of States and political subdivisions 933,170.36 Corporate stocks (including $22,500.00 stock of Federal , Reserve Bank) 22(500.00 Loans and discounts (including $101.78 overdrafts) 7,003,040.20 Bank premises owned $ 34,933.95 Furniture and fixtures $138,748.35 473 682 30 Other assets 14,324.27 TOTAL ASSETS L- $18,919,937.27 LIABILITIES Time and savings deposits of individuals, partnerships, and corporations - 9 740 349 20 Demand deposits of individuals, and corporations 5 849 9Q3 42 Deposits of United States Government (including postal savings) ... 342,595.25 Deposits of States and political subdivisions 1 515 220 29 Deposits of banks — 122 740.69 Certified and officers’ checks, etc. . to ws 7? TOTAL DEPOSITS 5 Z51L601,734.57’ (a) Total demand deposits 7,786,385 37 (bl Total time and savings deposits I 9,815349 20 Other liabilities— 171 594 80 TOTAL LIABILITIES sl7 773 329 37 „ „ CAPITAL ACCOUNTS ”” ’ ’ Capital: (a) Common stock, total par value.. $250 000 00 (b) Preferred stock, total par value $ none, total retirable value $ none (c) Capital notes and debenturesslso,ooo.oo 400 000 00 Reserves (and retirement account for preferred capital) none TOTAL CAPITAL ACCOUNTS ... g i 149 607 90 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ... .$lB 9191)37 27 MEMORANDA ; Assets pledged or assigned to secure liabilities and for other purposes (including notes and bills rediscounted ’ and securities sold with agreement to repurchase)s 550 000.00 (a) Loans as shown above are after deduction of valuation reserves of * ' 232 87127 (b) Securities as shown above are after deduction "of . valuation reserves of , .F'Z"nnt»fcI, E. M. Caston, Assistant Cashier, of the above-named bank do solemnly swear that this report of. condition is true and correct to the best of my knowledge and belief. Correct—Attest: E. M. CASTON. Ass’t. Cashier G. W. Vizard, ’ — ; -- Earl C. Fuhrman. State of Indiana, County of Adams, ss: Directors Sworn to and subscribed before me this 10th day of July, 1962 and I hereby certify that I am not an officer or director of this bank. My commission expires December 22, 1963 <SEAL> - Jane G. Daily, Notary Public

WEDNESDAY, JULY 11, 1962

the benefits from the showing, and Senators Homer Capehart concurred in the selection. Columbia Pictures and Otto Preminger are providing free to the association the film, theater, printed invitations, reply cards, programs and tickets. Any donations or purchase of tickets, since it is for the state mental health association, is tax deductible. Indianapolis Livestock INDIANAPOLIS (UPI) — Livestock: Hogs 3,200; unevenly strong to mostly 25 higher; bulk 190-230 lb 19.00-19.25; bulk mixed 180-250 lb 18.50- sows unevenly steady to 50 higher; 275-400 lb 14.75-16.75; 400-600 lb 14.00-15.00. Cattle 1,050; calves 75; fully steady; choice steers 25.50; good and mixed good and choice 23.5025.00; utility and commercial cows 14.50- few individual 16.25; canners and cutters 12.50-14.50; bulls weak to 50 lower; utility and commercial 18.00-19.00; vealers steady to 50 higher; individual prime 30.00; good and choice 25.00-29.00; standard and low good v 22.00-25.00. Sheep 900; unevenly 50-1.00 lower; mixed choice and prime spring lambs 21.00-22.50; good and low choice 17.00-21.00.