The sun. [volume] (Newberry, S.C.) 1937-1972, January 04, 1968, Image 5
The Newberry Sun, Newberry, S. C., Thursday, January 4, 1968—PAGE 5
GOOD-BYE 1967
For better or for worse, this
year of 1967 has now become
history. In many respects it
was a good year. While the
weather set new records for
being unusual, most crops
flourished. Older farmers are
still marvelling at the best corn
crop ever made in Newberry
county. Next, soybeans, the
new cash crop for many New
berry county farmers, came
through with the best yield this
crop ever made. Cotton, once
King of Crops, and still im
portant on some farms, dwind
led to a new low of economic
importance in Newberry county.
Good weather and adequate
rain caused pastures and other
feed crops to grow abundantly.
Thus, our livestock performed
well during 1967.
As usual, farmers had to
fight insects, diseases and other
ravages of nature. Then, after
a bountiful harvest, the farmer
realized his sad plight. The
market would take all he pro
duced, but at lower prices. Af
ter paying his debts, there is
little left to show for twelve
months of honest toil.
So, while the rest of the na
tion enjoys prosperity and
plenty, the farmer looks ahead
to another year hoping it may
be better in most ways than
this one.
As for our part, we wish to
thank the people of Newberry
county for the opportunity of
serving you for another year.
Each year our conviction grows
stronger that farm people are
indeed the best people in the
world. We hope to contnue our
work with you. Happy New
Year!
THE YEAR AHEAD
All signs point to 1968 as
being not too different from
1967. Economic activity should
continue strong which means a
good demand for farm prod
ucts. A good demand at about
the same prices, that is. Here’s
the run-down of individual
farm product outlook, according
to our Clemson Economists.
This year’s short cotton crop
has created a short supply and
strong demand, especially for
quality cotton. Cotton J&rmers
are urged to study the 1968
cotton program carefully be
fore signing up to produce
quality cotton of the longer
staple lengths which are in
good demand.
The demand for soybeans will
continue strong due to heavy
at home consumption and an
expanding export market. The
record crop of 1967 along with
indication of more acres to be
planted next year holds the
market prices at about the
same level as 1967.
Production of corn, wheat
and feed grains is up for this
year so that prices are ex
pected to improve little, if
any, next year.
Cattle prices are expected to
continue good for 1968 while
prices for hogs are expected to
average lower than 1967.
Milk production and prices
are expected at close to 1967
levels. The imitation milk threat
could change this picture.
The entire poultry industry
is sick with low prices during
1967. The industry itself is
seeking to correct this situation
rather than seek government
controls. Growers on contract
should plan to continue on a
contract basis.
So, it looks to be an interesting
year. One thing certain, it’ll
take plenty of keen manage
ment to utilize the very best
production practices and at
the same time hold down pro
duction expenses in order to
make 1968 a profitable farming
year.
HELPFUL HINTS
Farmers production expenses
have increased year by year,
but prices for farm products
have not. Study your produc
tion expenses and determine
which items have gone up most.
Your fertilizer bill has probably
gone up, but the price per ton
of plant food has not increased
in the same proportion to other
production expenses. Fertilizer
is one of the top “best buys”
the farmer has today. Use this
production tool wisely but well
for 1968.
Farmers fight insects and
diseases, but don’t yet take
weeds seriously enough. In
our opinion, weeds rob more
farmers of more profit than
any other single thing. An all
out war on weeds in crops and
pastures during 1968 could
well be a wise management
practice for added profit.
Postmaster
thanks public
Heartfelt thanks from Post
master Harry E. Moose and his
employees were expressed to
the public today.
“We couldn’t have done the
job alone,” the postmaster said.
Everyone cooperated fully and
we were able to deliver all the
holiday mail reaching the New
berry post office in time for
the last delivery and postal em
ployees were able to spend
Christmas with their families,
the postal official said.
“If people had waited for
the last minute to mail their
greetings and gifts we would
have been working throughout
the holiday,” he said.
No backlogs were noted in
post offices throughout the
area.
Another significant factor
was the use of ZIP Code on
a great volume of the mail
passing through the Newberry
post office. This meant more
efficient mail handling opera
tion than in previous years.
NOTICE OF JURY DRAWING
We, the undersigned Jury
Commissioners of Newberry
County, shall on Wednesday,
January 10, 1968 ,at 9 o'clock,
A. M. in the office of the Clerk
of Court, openly and publicly
draw the names of forty (40)
men and women to serve as
Jurors for the Court of Com
mon Pleas (Civil) which will
convene in the Newberry coun
ty Courthouse on Monday, Jan.
99 1Qfift
MILDRED R. HARMON,
Clerk of Court
JEANETTE K. HAMM
Auditor
J. RAY DAWKINS,
Treasurer.
STATEMENT OF CONDITION
The State Building & Loan Association
Newberry, South Carolina
After the Close of Business December 31,1967
ASSETS
FIRST MORTGAGE LOANS $6,487,418.70
Loans on properties in Newberry
and vicinity being retired in month
ly payment*
»
SHARE LOANS 70,340.12
Loans secured by Savings and In
vestment Share Accounts of the As
sociation
REAL ESTATE SOLD ON CON
TRACT 5,633.03
OFFICE BUILDING 50,971.43
Less Depreciation
MISCELLANEOUS ASSETS 124,576.53
This consists of furniture and fix
tures owned by the Association
and certain expenses paid
FEDERAL HOME LOAN BANK
STOCK 60,500.00
Our membership in this Bank Sys
tem places at the disposal of our As
sociation $2,470,000 of additional
funds if desired
U. S. GOVERNMENT SECURITIES 1,005,000.00
OTHER INVESTMENTS 5,155.40
CASH ON HAND & IN BANKS 573,164.15
This amount provides ample funds
to cover all approved loan applica
tions as submitted and accepted
LIABILITIES
SAVINGS AND INVESTMENT
SHARE ACCOUNTS $7,803,716.34
Funds placed into the Association
for savings and investments.
LOANS-IN-PROCESS 125,946.89
Undrawn balances on construction,
repairs and modernization of homes.
Also, deposit for purchase of homes.
SPECIFIC RESERVES 8,714.81
RESERVES AND
UNDIVIDED PROFITS 444,154.02
These reserves insure the stability
of this association and protect mem
bers against all possible or contin
gent losses
OTHER LIABILITIES
227.30
$8,382,759.36
$8,382,759.36
HOME LOANS
INSURED SAYINGS
Dividend Rate 4 1 /2 < fo Per Annum,
PAYABLE SEMI-ANNUALLY
AH funds placed with the State Building and Loan Association by the 10th of each month will receive earnings
from the first of that month. Each savings account insured up to $15,000.00 by the Federal Savings and Loan
Insurance Corporation, Washington, D. C.
Use Our Convenient Drive-in Facilities
OFFICERS
R. B. Baker, President
Pinckney N. Abrams, Executive Vice-President & Secretary
Doris S. Setzler, Treasurer
DIRECTORS
Louis C. Floyd
Thomas H. Pope
Pinckney N. Abrams
R. Aubrey Harley
R. B. Baker
—MEMBER—
Federal Savings and Loan Insurance Corporation United States Savings and Loan League
Federal Home Loan Bank System South Carolina Savings and Loan League