Claude News (Claude, Tex.), Vol. 65, No. 2, Ed. 1 Thursday, September 9, 1954 Page: 3 of 16
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THE CtAtJDE NEWS
CLAUDE, ARMSTRONG, OOtJNTY, TEX., THURSDAY, SEPT. 9, 1954.
i _
i
weeks
patterns
SIZES
12 • 20
page three
One-Quarter Million
Dollars a Day
Walter Rogers, M. C., 18th Dis-
trict of Texas says:
An attempt has been made to
convince the American public that
there is something criminal about
a food surplus because there is a
cost incident to the storage of such
food. Of course, the way to remedy
this situation would be to destroy
all the surplus food and then you
wouldn't have any storage cost.
Certainly none of us would ad-
vocate any such foolish action as
that.
While reading all this propagan-
da about how much it costs to
store food, I got to wondering how
much it costs to store money. I
watched the daily statements of
the Treasury Department and no-
tice that during the past year, the
daily cash balances have been
somewhere between approximately
4 billion and 9 billion dollars. On
August 30th of this year, the cash
balance was 5'i billion. Of this
amount, approximately 4 Ms billion
was on deposit in banks which
were paying no interest for the
use of these funds. In other words,
the funds were merely lying idle
and being used by the banks in
which they were deposited. Since
this is all borrowed money, my
figures show me that at two per-
cent interest, the American tax-
payer is paying some, one-quarter
million dollars a day in interest
charges to store money in banks.
Your news item was appreciated.
Outlook for
Livestock Raisers
College Station, Sept.—Because
more cattle were slaughtered this
year, the nation will enter 1955
with fewer cattle than a year ago.
The larger marketings are due
partly to dry weather and partly
to reduced interest in expanding
beef cattle herds in some regions,
says John G. McHaney, extension
economist.
Beef production is running at
record levels. Prices for fed cattle
are not likely to change much this
fall while prices of grass fed cattle
can be expected to make the usual
seasonal decline. Feeders, in areas
having feed are in a more favorable
position than those in drouth areas
where feed in short and higher in
price.
Since mid-July, more hogs also
are being slaughtered than a year
ago. Prices for hogs are expected
to trend seasonally downward and
to continue considerably below the
rather high prices of last fall.
Seasonal decreases in prices for
lambs have been earlier and greater
than usual, with more sheep and
lambs slaughtered this summer
than last, McHaney reports.
There now appears to be little
prospect for any substantial price
recovery until the fall marketing
season is past, the economist adds.
<<
THE
Bird Dog Club
IT PAYS!!
>>
J
a*
r
I :
5
Get The Most Out of Your Car!
\
. . . this Winter by having a full
tune-up of the carburetor, cooling
and electrical systems; and make
repairs and adjustments so that
you can get the most economy most
miles and most service out of your
car. It pays to check it over.
Claude
BYARD GARAGE
George Byard
Texas
No. 27.'iO Is cut In sizes 12, II, 10, 18,
*0. Size 10: 2\s yds. 51-In. with 1 yd.
3fi-ln. for collar, cuffs.
No. 408, multi-color transfers of live-
ly dunclng vegetables need only to be
Ironed onto fabric. Instructions.
Send 30c for EA(?II pattern with name.
Address, style number and slie to
AUDREY LANE BUREAU, Box 309
Madison •? juare Station, New York
10, New York.
The new FALL-WINTER FASHION
BOOK with scores of other style* 25c
extra.
ON
THE SPOT
CLEANING
SOMETHING TO
BE PROUD OF:
A suit that hides its
age. You'll really be
surprised to see the
pep we can inject into
a suit you've almost
discarded!
Your Laundry
& Dry Cleaners
We Are Bonded and Insured
R. W. RAGSDALE
Representative
f Fun pa, Texas
Muv/
s
m
You'll ?
J).
ways
be glad you bought
a Chevrolet now!
You'll stay proud of Chevrolet's lasting good looks. Other low-
priced cars just don't have the air of quality you see in Chevrolet.
And if you like Chevrolet's looks now, you'll like its looks always.
You'll enjoy exclusive features for finer motoring. Body bv Fisher
—the highest-compression power of any leading low-priced car—
the biggest brakes, the only full-length box-girder frame and the
only Unitized Knee-Action ride in the low-price field. They're all
yours in Chevrolet!
You save when you buy and when you trade. Even so, Chevrolet
is priced below all other lines of cars. And at trade-in time, you'll
be ahead again from Chevrolet's traditionally higher resale value!
You'll get a special deal right now. Right now, we're in a position
to give you the deal of the year on a new Chevrolet. Come in and
let us show you how much you'll gain by buying now!
Now's the time to buy!
Get our big deal! Enjoy a new . . .
Chevrolet
YEAR AFTER YEAR, MORE PEOPLE BUY
CHEVROLET'S THAN ANY OTHER CAR1
BURROW BROTHERS CHEVROLEl
Claude, Texas
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Waggoner, William J. B. & Waggoner, Cecil O. Claude News (Claude, Tex.), Vol. 65, No. 2, Ed. 1 Thursday, September 9, 1954, newspaper, September 9, 1954; Claude, Texas. (https://texashistory.unt.edu/ark:/67531/metapth355536/m1/3/?q=green+energy: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Richard S. and Leah Morris Memorial Library.