The Independent-News, Volume 87, Number 30, Walkerton, St. Joseph County, 25 July 1963 — Page 9

Behind The Farm Market Scenes Weather and crop report estimates dominated grain markets during the past several weeks and cattle and hog markets continued to strengthen, says Jack Armstrong, Furdtle University extension economist. Some of the hoped for improvement in the cattle market came during the post two weeks with increases in fed cattle prices of as much as $2-$2 5O per cwt. on choice and prime steers at Chicago. Slaughter nog prices have also strengthened 75c to >1 per cwt., leaching tops of $19.75 phis for .some offerings at Chicago Land* prices remained .iboui steady at the $22 level The two most important f.u tors m grain n arkets during the pa a two wicks have been the Jmy i I'SUA cron report and the weather Tin relatively favorable crop icp -t indicating increased crop prospects for 1963 an'! rath er widespread rains over much of the muhiest during the past week haw tender! to have a dampening influence on prices. Wheat futures with an indicated 11 billion bushel crop, 2 jar cent larger than the 1962 crop and with the weight of harvest lost 1-5 cents per bushel from July 2. Cash wheat prices also declined from 6 to h cents per bushel. Corn lor gram production this year is now estimated to total 3.8 billion bushels, 6 per cent mure than last year However, even with this report and improved weather conditions, corn prices have rvmaimxi fairly stable with relatively light f’CC selling Near futures have held relatively firm while distant future's trading on new crop prospects declined as much .us 4 to 6 cents. Light CCC selling and a rather tight free corn situation continue to lend some strength to cash corn prices, Armstrong note-. Although no official forecasts at soybean production are made at this time, with an increase of 4 per cent in ♦ wbtan acreage planted above last year, a bigger crop is quite likely Following the acreage report and favorable A$K MEI Mt. HOW MUCH YOU MAY SAVE ON YOUR CAR \ INSURANCE WITH ' STATE FARMI rr 1 £ - P 1 L * Brr^i Lloyd G. Clark Agent 620 Roosevelt Road Walkerton, Ind. Office Phone: 5H6-3L56 Res. Phone: 619-3550 Lakeville. Ind. , f .sio.a ^ISTATE FARM MtftuUAwNSMftiMlniwin eComMflf . Qfhcti #l«emin(tOA, HIM*

growing weather, soybean futureprices lost as much as 10 to 12 cents per bushel during the period. Lower soybean prices wet • also reflected in declining meal prices, as soy beau meal de< lined $2 to $2.50 per ton Oats and rye prices likewise declined in line with the genei ally lower corn and feed prices. Broilers and turkey prices have remained about steady during the past two weeks, while egg prices have declined from 1 to 2 cents per dozen. CANNED C.WHKK POTATOES FLASH' Did you bake potatoe in campfire when kid? Stop Thej tasted great didn’t they? Stop. But now they taste like rocks Stop Want to know why ? You aren't a kid any longer, that s v hv. Stop Solution put the po tatoes in an old tm can and pul in the thro. Cooks 'em even, hut keeps ’em from burning. Stop Makes you feel like a kid again. Don't Stop

I'H ■■ ■■■■ - ‘ ■- ■ it THE QUIET jad^B war ^!S BETWEEN THE STATES IMb 11 The battle is joined every day in conference roams throughout America. Each of the 50 States lays down a barrage of advertising, launches presenta- \ 4 '*' — lion, and engage, the other 49 I States in the highly comiietitive effort to attract new in- ’ dustrv. Indiana’s 5 Investor- ■ ; Owned Electric Companies t . work constantly with State . .. QI & ... . , ~ .’ ’ < •'i oihciaLs and local organizations industry to bring neut industry to liahana. B THE PRIZE... ^BB THOUSANDS OF ^b|P®^ NEW JOBS . . . . and wages, to spend for ’ ''J z homes and haircuts, cars and ; j carjieting, food and furniture ? J J . . . starting a new cycle of prosjx-riiy for all residents ol ?• > * ^®Br^ * . Indiana. L.• , ' W .-1^ ' * GROW POWEK | ‘ . . . abundant etretne power at X fair rates is one of the "big *■s' gunr" in this battle, high on the priority list of virtually every - V' industry seeking a new plant location. Indiana’s steady industrial growth is proof of the K A V abundance of low-cost electric .<■ jwu er, provided by the 5 Inves- . tor-Owned Electric Companies. ' ‘ ELECTRIC POWER ... Tndi ma's Mott Abundont Rnource ■** rjorthern Indiana ■ * > Public Service Company

Forecast Higher C orn And Wheal Production Indiana's corn am! wheat emp will be larger than last years pnxhU’tion. but smaller ( rops of oats, barley, rye, hay and tobacco are in prospect. St ate-federal agricultural statisticians at l*ur<tue University rejxirt this outlook as of July 1 They will make their soybean jiroduction forecast Aug 1 The state's probable wheat crop is forecast at 48.716,000 bushels this is 25 per cent larger than last year’s crop btvause ot a i; per cent increase m a< reage The statisticians forecast a r.sord high yield of 3s bushels an acre Coni fur grain is expected ti. total 358.722,00<t bushels, up t'\" ]hh' cent from the 1962 ciut' Th 4,599,(>00 acres for harvest an expected to yield an aver.iye of 7s hushe.ls an acn . the • eond highest on record The 1962 corn yi dd average was 82 bushels an

-Tub 25, 1963 — THE INDEPENDENT NEWS —

acre In addition to the corn for grain. 194,000 acres have been planted tor iilage, forage and otbn r utdlzation. Oats prudtn thin is force,o t .it 28.»st,u(N) tu.hels, 13 per een smaller than in 1962 The steady det line m oats produefion is a ’ r'suit of smaller acreage, the statisticians < xp! tin. Hie 1963 acreage for harvest tolm-i 511 000 acres, compared to s ’a.iiOO .ivies last year. Soybean acreage for all purposcs is estimated at 2,841,000 1 acres -two per cent larger than in 1962. Acreage to be harvested 1 for beans is expected to be 2,816 - o'Wt acres ( Indiana's nay production is exjssted to total 2.320.000 ton , seven per rent smaller than the , 1962 crop. Tlie statisticians report sharp reductions m commercial apple 1 and peach pnsiu< tion. The apple 1 crop is estimated at 950.000 1 bushels 49 per cent under last ' year Indiana’s commercial pea' u

crop, hit hard by th i severe winter. is forecast at 10. WM) buaie i. An average Indiana commercial [>ench c rop is 121,000 bushels and the state's 1962 pi'sliution wa HiO.OOO busliels Egg production during June totaled 180 million eggs, bringing Uie output of Hoosier laying flocks for the first six months of this year to 1 i l l million -uggs June milk production amounted to 311 million pounds, three percent smaller than during May. NEW DRINK, THE QUEBEC Latest new drink is named for the area where it originated If you come in late off a Canadian fishing lake and you're cold, wet and damp in-ide and out, yo ' are lik -ly to t«- handed tl i drink; two ounces g<s»d bourN.n two ounces maple syrup (tapped locally), two ounces boilin wafer. Don't sav no if you like different, •x< itimr new flavors. Sen you in Church Sunday

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