The Mail-Journal, Volume 14, Number 18, Milford, Kosciusko County, 25 May 1977 — Page 31

Behind the farm market scenes

: WEST LAFAYETTE - A down trend in corn and wheat prices . excitement in the soybean market before a calm returned . • and rising cattle and bog prices . this was the picture on the farm market scene from midApril to mid-May. In reporting on the period, Lee F. Schrader, Purdue University extension agricultural economist, notes that soybean prices varied more than a dollar per,bushel during the 30 days. But, he adds, soybean prices ended the period within a few cents of their starting level of $9.81 cash, Chicago.

I Milford’s I I MAD Day I ■J Memorial Day — Monday, May 30 I 10 A.M. Parade “ Starts At Junior High Sponsored By American Legion | ! CHICKEN BARBECUE.' Price: # 2 50 Carry-Outs: *2°° S 10:30 A.M.-l:00 P.M. — Elementary School I Proceeds (io To Community Projects i CUTIE KING AND QUEEN ' CONTEST I 1:30 A.M. At Milford Elementary School j |. ; — *1 Cutie King & Queen Context I * 1] I dh n—--5 State - Zip I iL—— Itaah——— —— — — ——-J j Mail T>v t’hrdia Khiwir-. < hmmun ft I MiK.hM " I OBSTACLE COURSE ’i Like "Superstars " On TV j 12 Noon — \«.wemNe Al Elementary School I I t -h-M.V-ll.Uli: 1.1-IX.IV-Zhltb inti Orrr fl | Tro/j/iiea A- Hilrbons For Each Age Group | Ron Baumgartner. Chairman PARACHUTEJUMP .4t The Elementary School — 12 Noon UjOBL — —-4— —, ~ - —- —j~ ■—

■ ■ i ■ I here toctau... here tomorrow.. .1 m ■ — BB& Mfe z . \ , I SlB mBBSBa RENKEN 1 ■ I CENTURY FrO' <S^> J KMHtfSb CHRYSLER OUTBOARD I SHORELINE jf ||| cat I HOLIDAY g I I ALUMINUM PIERS AlCOft g 1 SOUTCtI YACHT FITTINGS ■SEAWAY <£)/ And Quality I N southern cross marketing | t 0 r II IXI > A Cfiiitury! I

Soybean stocks as of April 1 reported April 21 were lower than expected. And despite earlier substantial price advances, there was concern whether prices were sufficiently high to ration soybean use. An already volatile situation was made more uncertain when the Commodity Futures Trading Commission filed suit to force the Hunt family (Texas group) to liquidate a Large position in soybean futures rather than stand for delivery, says Schrader. By mid-May the case was decided against the commission. The net result of the case was

most likely an increase in price variation, the economist says. Oil and meal markets generally followed soybeans; however, oil ended the period somewhat higher and meal somewhat lower. General rains across the Midwest enhanced prospects for ample feed grain supplies in the 1977-78 crop season, and reported com stocks on April 1 were above trade expectations. The combined influence of these events dropped com prices nearly 20 cents per bushel from mid-April to mid-May. USDA now projects a carryover of 1976 com of 849 million bushels at the end of September. W’heat prices fell more than 20 cents per bushel in the month ending at mid-May Wheat prices have tended to follow corn lower with wheat supplies more than ample for food uses. The winter wheat crop estimate released May 10 was 6 per cent under last year’s crop but above the previous estimate released in December. Wheat may be a bargain Teed with soft wheat priced under com in the cash market Schrader says. Livestock prices increased from mid-April to mid-May with continuing strong consumer demand and moderating slaughter levels. Choice steers (Omaha) advanced from the S4O per hundredweight area to the $44 level in early May, before dropping back to about $43 at mid-month. The wholesale beef -* trade led the increase in live prices, rising nearly $4 per hundredweight from the S6O area in mid-April Hog slaughter declined as spring cropping activity increased. pushing prices sharply higher Hog prices < Indianapolis. 1-2. 200-240 pounds) topped $45 per hundredweight in mid-May, about $8 above the mid-April

Ray Buhrt GENERAL CONTRACTOR Residential & Commercial Building • Phone:4s7-3431 Road 13,Syracuse

level. If large numbers of hogs are being held off the market during planting, bunched marketing may depress prices later, the economist says. Broiler prices increased four cents during late April but dropped back to near the month earlier level (about 40 cents per pound wholesale) by mid-May. Demand continues strong with slaughter about five per cent above a year ago. The egg market changed little from midApril with Class I nest run eggs trading at 47 cents in the Midwest in mid-May. r - (it, It Happened In . . . Milford, Indiana 14 YEARS AGO. MAY 30. 1963 Claude Hamilton was elected chairman of the executive committee of the Milford Boy Scouts troop 47 at the monthly committee meeting held in the Scout cabin at Waubee Lake. Those present enjoyed a cookout. Silas Howard was elected vice president One hundred and eighty-one students and 32 teachers were reported taking part in Milford's Daily Vacation Bible school program as of Tuesday of this week. Mr. and Mrs. Clarence (Tiny) Holderman of r 5 Goshen, summer residents of Waubee lake, observed their silver wedding anniversary on Saturday. May 25. 24 YEARS AGO, MAY 28. 1953 Miss Florence Beer. 17-year-

oid daughter of Mr. and Mrs. Henry Beer, will wear the “Miss Milford" ribbon in the “Queen of Lakes" beauty contest. Mrs. Willard Charlton, reported for the American Legion Auxiliary, said this week c that Poppy Day this year was the biggest and most successful ever put on here. She stated that $171.25 was taken in and all 900 poppies were sold. Approximately 156 persons attended the 30th annual Milford Alumni meeting Saturday. Mel Hibschman was elected the new' president. 30 YEARS AGO. MAY 29.1947 Van Buren township trustee John Augsburger announced this week that a full time vocational agriculture instructor has been hired for the Milford school. Mr. Augsburger has signed a contract with Marion U. Stackhouse, formerly of Etna Green. Nvho is graduating from Purdue University this year. In a deal closed Monday morning Mrs. Cletus Myers sold the Priscilla Beauty Shop, which she operated in her home on Henry Street, to Miss Jeanette Klopenstein. daughter of Mr. and Mrs. Emory Klopenstein. Mr. and Mrs. Leßoy Braun were married on Tuesday, May 6, in the “Little Church of the West” at Las Vegas. Nevada. The vows were read by the Rev. Albert C. Meltox. pastor of the Las Vegas Methodist church. Mrs. Braun was formerly Miss Barbara Traster, of Milford. 60 YEARS AGO. MAY 31. 1917 The one great feature of the Bible is that it doesn't argue. Let this be your guide in writing advertising copy. A free banquet will be served to the men of the Methodist congregation Friday evening of this week in the basement. THISTLES: Not everyone who goes fishing is like George Washington. They can tell a lie. Boot, truck fires • in Syracuse over the past week end The Syracuse Fire Department was called out to two fires over the week end, one involving a boat and the other a truck. The first occurred on Saturday, May 21. atß:29 p.m. when a boat owned by James P. Kousoulas. r 3 Syracuse, caught fire from a short in the wiring. When firemen arrived at the scene, the fire had been extinguished. Damage was set at SSO. A truck owned by Sea Nymph Plant in Syracuse became ablaze at 10:51 p.m. also on Saturday, May 21, on CR 33. one and onehalf miles north of US 6. The driver reported his brakes had locked causing the fire. Firemen cooled down the drum in the truck. No damage was estimated. The fire was also reported to Benton Fire Department. PRISONERS ARRIVE The first Israeli prisoners of war released by Egypt ar* rived in Tel Aviv on Nov. 15, 1973.

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[ I NTiiijinraw iii" MiMWilwr I ' 4 1V -3 - 11 (il I dM, REBUILDING — Barn trusses are being erected adjacent to the gift shop and information center at Amish Acres, Nappanee. The structure under construction will replace the four-story restaurant and bakery which burned earlier this year. Dick Pletcher of Amish Acres said the expected opening date is August 1.

Public service commission approves NIPSCo curtailment

HAMMOND - Public Service Commission of Indiana approval - of Northern Indiana Public Service Company's ratural gas curtailment plan, including rule 34, allows the utility to take on new small volume gas spaceheating customers with certain restrictions. Edmund A. Schroer. president and chief executive officer, said today. “We are pleased that the commission has taken this action. and we will begin immediately to make the necessary preparations to add spaceheating customers as allowed by the commission, provided the company can reasonably foresee no curtailment,” Schroer said. NIPSCo had not been permitted to add new space heating customers since February 3 when the past winter’s weather emergency forced the company to curtail natural gas service to certain customers. Schroer said that NIPSCo can now take on space heating customers whose requirements are not more than 1,000 cubic feet per hour or not more than 10,000 cubic feet per day. The average NIPSCo residential customer using gas for spaceheating and other purposes consumes about 2.000 cubic feet on the coldest day in January, usually the coldest month of the heating season. “Under the commission order, new small volume spaceheating users will be required on and after September 1 to certify that their home or facility is adequately insulated as an added conservation measure,” Schroer said. As described in the public service commission order, the minimum insulation rating for exterior walls would liave an R-ll rating or three inches of batt insulation or its equivalent; an R--19 rating for ceilings or six inches of batt or six inches of batt or B a < inches of blown insulation; an R--10 rating or three inches of batt insulation or its equivalent for floors over crawl spaces and unheated basements and double glass or insulated windows and storm doors. “Our gas supply — daily flow gas from pipeline suppliers plus

Wed., May 25,1977 — THE MAIL-JOURNAL

our storage gas — is sufficient to handle present and new small volume spaceheating customers,” the NIPSCo president said. Individual customers and contractors on NIPSCo’s waiting

Farmers Market open

The Kosciusko County Farmers' Market was considered a success by those participating in the first day, Wednesday, May 18. There were 17 people selling a variety of items including potatoes, eggs, dry beans, strawberries, rhubarb, house

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list, as well as others filing applications for natural gas spaceheating in new homes or conversion of present heating systems, should contact their local NIPSCo customer service office as soon as possible.

plants, vegetable plants and crafts. The market is open from 6:30 to 10:30 each Wednesday and Saturday morning and is located in the west end of the fairgrounds.

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