The Tulia Herald (Tulia, Tex.), Vol. 70, No. 25, Ed. 1 Thursday, June 22, 1978 Page: 8 of 20
This newspaper is part of the collection entitled: Tocker Foundation Grant and was provided to The Portal to Texas History by the Swisher County Library.
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PAGE EIGHT
Commodity
Commentary
by BILL PEEL
Shfearson Hayden Stone
Inc.
Amarillo, Texas
t
The cattle market, in the
last six months, has done
much to damage the accep-
ted idea of using the com-
modity futures market to lock
in a certain price. Discarding
this price protection will in
the long run. prove to be a
mistake. Hedging does away
with a lot of the boom or bust
cycle that we will continue to
go through. The profits real-
ized by cattle men this year
will encourage many to enter
this business and in a few
years we will be in the
“bust" part of the cycle
because of over supply. Hed-
ging can keep many in
business through lean times.
Most commodity markets
were easier this week with
speculative liquidation the
most pronounced feature in
the copper market.
Copper futures plunged
«CHR»
TUNE-IMG
in*
&
Can’t Figure Where
All The Water GOES,
Better Let Ui
Check That HOSE.
Cecil & Ray’s
Garage
Phone 995-2701
810S.W.2nd
Tulia, Texas
following announcements
that major U.S. producers
were lowering their selling
price to 65 cents per pound.
Trading in silver was very
erratic although the market
did close higher in sympathy
with firm gold prices. De-
spite weakness in the cash
markets lumber futures were
steady in anticipation of a
constructive housing starts
report. Cotton advanced on
news of PRD purchases and
indications that this year's
crop will be delayed. It
appears that a significant
amount of acreage will not be
planted in Arkansas.
Soybean and product
futures declined sharply this
week because of speculative
stop loss selling. Brazilian
exports of both meal and oil
continue to better their year-
earlier pace despite a much
smaller soybean crop. The
corn market also was lower
as weather permitted a quick
catchup in 1978 plantings
and timely rainfall aided
germination and early
growth. The advancing har-
vest in the southwest pres-
sured wheat prices.
Good retail featuring kept
the shell egg market steady
although high production le-
vels are preventing any ma-
jor advance in prices. Strong
demand rallied broiler fu-
tures. According to the latest
cattle on feed report there
was a significant increase in
the number of animals
placed on feedlots causing
some selling pressure in this
market. Hogs took a cue from
the decline in cattle prices
but the sell off was less
pronounced due to seasonal
tendencies for strong prices.
Pork bellies displayed inde-
pendent strength reflecting
greater user interest for pro-
ducts.
Interest rate futures were
lower in response to last
week's unexpectedly large
money figure and fears of
another round of federal
reserve board credit tighten-
AFrofessional
5x7Golor Portrait
EorBQGenls
Choose from our selection of 8 scenic and
color backgrounds. You may select
additional portraits offered at reasonable
prices, with no obligation. See our large
Decorator Portrait. Satisfaction always or
your money cheerfully refunded.
One sitting per subject—$1 per subject for additional
subjects, groups, or individuals in the same family.
Persons under 18 must be accompanied by parent
or guardian.
THESE DAYS ONI Y - JUNE:
THURS
FRI
SAT
JUNE:
22
7T
IT
10AM -
8PM
10AM -
7 PM
501 North Highway 87, Tulia
€ilBS0N’S
ICOUHT CPfTKW |
Notes from
Nazareth
By VIRGIE GERBER
MR. AND MRS. STAN-
ley Stork of Houston visited
with their grandmother Mrs.
Meta Stork and several other
relatives in Nazareth. They
had been vacationing in Col-
orado.
MRS. JUDY BROCKMAN
and children of Lazbuddie
spent Sunday visiting rela-
tives.
MRS. MARGARET
Acker, who had the misfor-
tune of a car wreck last week,
returned home this morning
after spending several days
in the Dimmitt hospital.
HELEN BACKUS visited
in Hereford last week with
her son Francis Backus and
family. While there she en-
joyed watching her grand-
son play little league ball.
LEROY AND DOROTHY
Pohlmeier flew to Dallas over
the weekend. They visited
with their daughter Linda
Kendricks and family and
enjoyed a Ranger ball game
while there.
THE META STORK fam-
ily had a get-together Sunday
evening at the home of
Dennis and Delores Heiman.
A hamburger cook-out was
enjoved.
CARROLL GERBER took
his troup of Boy Scouts to
Buffalo Lake for an outing
Friday evening and returned
home on Sunday morning.
THE TULIA (Swisher County) HERALD
Church Chuckles by CARTWRIGHT
IT
ULIA
’MASTERS
By ADELLE ELKINS
Even when attendance is
low. creative people, such as
Toastmaster for the Dav.
John Will Nichols, DTM. can
salvage a most interestilng
and entertaining program
but not without the special
talents of certain other Toast-
masters.
Called upon by Mr.
Nichols for an Impromptu
speech-“Do’s and Don’t's of
Buying a Family Boat" was
Mack Bush. Mr. Bush spoke
for 6'/i minutes on the sub-
ject without benefit of pre-
paration and did a more than
adequate job. Also called
upon for an impromptu read
ing was Lyle Robinson. The
material provided by Mr.
Nichols was “Speech is a
Means-Not an End", an
article written by the founder
of Toastmasters. Mr. Robin-
son. also, was more than
adequate. The wav both
gentlemen responded is, in
part, what Toastmasters is
all about.
Others on the program
were Nell Cosby speaking on
"ERA-A Controversial
Issue". Johnny Hoggatt
reading an article-"Self Ful-
filling Prophecy” and Adellc
Elkins whose Table Topics
were questions regarding the
recent OPEC meeting-
responding were Bush. Hog-
gatt and Wanda Minchew.
General Evaluator was
Phil Raught who was assis-
ted by Evaluators Elkins.
Minchew, and George Jen-
nings Lvle Robinson served
as Timer and Ah-Counter.
President Bush reminded
out-going and in-corning of-
ficers to attend a luncheon
meeting on June 27 at 11:30
a.m. at K-Bobs. And the
final business action was a
vote to dispense with the
July 4 meeting.
•
Show- me Ten Little In-
dians and I’ll show you a
squaw who ain’t on The Pill'
ing. The Japanese yen
soared to postwar record
highs on expectations of a
large trade surplus. Other-
wise the U. S. dollar worked
irregularly higher against
most currencies.
bt was more abrupt with my problems today,
compared with Monday and Wednesday I"
On WaK Street
by BOB HILL
A. G Edwards & Sons, Inc.
Amarillo. Texas
The U. S. dollar slumped
overseas to the lowest level
in modern history . This tends
to worry Americans because
it sounds bad. It is bad. The
problem has not been solved
nor will it be solved in the
near future.
The dollar rebounded
sharply in April against for-
eign currencies as a result of
the Federal Reserve tighten-
ing the screws on interest
rates. They have gone up
very quickly. Since the be-
ginning of April the dollar
has recovered about one-
third of the 5°i' it had lost
against other currencies
But while our interest
rates were going up. the
interest rates of other
countries were going down
This encouraged a huge in-
flow of foreign dollars into
the U. S.. which experts
estimate to total $6 billion to
S7 billion over the past six
weeks Over SI billion went
into the stock market Our
trade deficit continues to be
high but it has been more
than offset by this large flow
of capital. Thus, the dollar
has gone up in value.
But there has been a
dramatic shift also in the w av
foreign buyers of U. S. gixnis
pay for these goods. If thc\
believe that the dollar will
decline in value, they stretch
out their payments to U. S.
exporters in order to take
advantage of tavorable ex
change rates. This can be
highly profitable to the for-
eign buyer of U. S. goods.
But when they feel the dollar
will begin to strengthen
against their own currencies,
they will accelerate their pav-
ments for U. S. goods and
services.
At the moment, with poli-
tical opposition increasing
against the Fed's money
tightening moves, foreign
buyers are beginning to lag
on their payments in antici-
pation of a weakening dollar.
Thus it will become more
difficult to finance or offset
our balance of payments
deficit with an inflow of
capital from overseas The
political opposition to the
tightening of money (higher
interest rates) is prompted
by fears that higher interest
rates in the U. S. will cause a
slowdown in the economy.
Dimmitt
Tourney
Slated
Kuskin Racquet Club will
host the Castro County
Closed Tennis Tournament
June 29-30 and July 1-2.
Tournament will be held at
Kuskin ( enter. Dimmitt. and
is open to residents within 50
miles of Dimmitt
The following events will
be offered Jr Division B-G
singles and doubles. 12 years
and under; Jr. High Division
B-G singles and doubles,
grades 7. 8. and 9; High
School Division B G singles
and doubles, grades 10. II.
and 12: Beginning ladies,
singles and doubles. Cham
pionship division. MW
singles and doubles; Open
M W. singles and doubles
Entries dose June 27. All
singles VC00. all doubles
S8 00. Send or call entries to
Joe King. Box 26. Dimmitt.
Texas -9027 or telephone
M' 4441 or 647-4587.
Mrs. Billlngton
Wins Sears Prize
Mrs Kenneth Billmgton
won the portable stereo
given by Sears in conjunction
with Sears' first anniversary
sale.
Troy and Ruby Davis were
pleased with the response to
the sale. They wish to thank
all who patronized them dur
tng the past year
•
SAVE GAS-SHOP IN TULIA
BALING WIRE
14"v tiautr Wire
fcSOO’ Per Roll
Approx. 1 (Ml>
$31 SO
PI It < CHIOS
ED HARRIS LUMBER
995 3043 Tulia, Texas
J. W. ‘HAP* ROGERS
67 Fannin Drive
995-2830
Tulia, Texas
It's a good practice in any
business A pro forma—to predict in
advance an acceptable level of
performance from a given program
It's the absolute essence of
our business
To work with you to decide
specifically what you expect from
your insurance program
Then to achieve those goals
| Southwestern Llfb
I - te-paw* wtot (jsx 75 ^eow.
PBO(3§03im
Local Woman’s
Mother Dies
Services for Ora Hinsley,
79. of Amarillo and a former
Floydada resident, were held
Tuesday in City Park Church
of Christ in Floydada with
Richard Williams of Sidney,
Neb., and Tom Pauley,
minister, officiating
Burial was in Floydada
Cemetery.
Mrs. Hinsley died Monday
in Meadowpark Care Center
in Amarillo. She had been
under a doctor's care.
She mamed B. C. "Bud"
Hinsley Feb. 22. 1923 in
Denton County. They moved
to Floyd C ounty in 1925. She
w as a housewife and member
of the Church of Christ.
Survivors include two
sons. John of Hartley and
Lonnie of Floydada; four
daughters. Helen Guthrie of
Seymour. Inez Ritchey of
Amarillo. Bernice Washing-
ton of Tulia and Oleta Car-
dinal of Lamesa; two broth-
ers. Joe Robertson of Spring
Branch and Fred Robertson
of Floydada: four sisters.
Frances Williamson. Mary
White and Evelyn Wheat, all
of Dallas, and Ruth Wiley of
Sherman; 19 grandchildren;
and 16 greatgrandchildren
Mackenzie. . .
(Continued From Pago Ohc)
farmers are in their fields
and the crowds are less than
usual
The boat ramp will be
closed for construction July
5-10. Ii is being extended for
100 to 120 feet in length and
from .VO to 33 feet in width.
Texas Parks A Wildlife Set
vice has granted $6,000 in
matching funds for this pro-
ject so SI 2.000 will be avail
able for the ramp Funds arc
not available al this lime for
a second ramp
Road erosion from the
recent rains is being repaired
at the present time.
Three new restrooms arc
under construction.
Ihc Veterans Adnumvlra
lion extimates tome I 4 mil-
lion veterans and iheir sur-
vIvors will receive rducation
al bcnefils monlhlv under the
Cl Bill in Fiscal Vcar |9'9
Happy 47th
THURSDAY, JUNE 22. 1978
BECKY JIMINEZ receives a $50 gift certificate
along with an autographed picture of Miss Texas from
Teresa Birkenfeld of The Fashion Shack as a feature of
its grand opening last weekend.
Green Thumb
Directors
Visit Here
State Green Thumb dircc
tors were in Tulia recently to
visit the local units Spon-
sored bv National Farmers
Union, the program is fi
naneed hv the U. S Depart
mciit of I abor and is de
signed to provide cmplnv
ment for senior citizens
Prevent were David Hart
wig of Waco, state director;
John Keith of lubbock. dis
trict director; l indy Moodv.
lubbock. assistant director,
and Paul Marion of the l'. S
Department of labor. Wash
ington
T he Green T humb Women
work with the Senior Citi-
zens. while ihc Green T humb
tm-ii are working at the
Swisher County Museum
•
Ihc Veterans Adnunistra
don process approximately
84 million compensation,
pension and education allow
ance checks annually.
OPEN
SNOW CONE
STAND from
9 to 11 a.m. and
1 to 8 p.m. at
216 NW 10th,
also fireworks.
The Original
Aloe Vera Facial Lift
More than ('otmelict
More Than Skin-Deep
Without surgery or crtcmical peel, the
Stabilized Aloe Vera Facial Lift revitalizes your
skin color, minimizes wrinkles, age lines,
blemishes, drvness and flaking, brown spots and
errpey throat
Ssggmg skin and wrinkles are usually an
indication of poor muscle tone The primary
func tion of the Lift is to contract the undertv ing
muscles of the face and neck, helping to
recondition and restore the elasticity and tone of
both the muscles and skin to a firm youthful
condition This procedure is comparable to a
regular program of hodv exercise
FREE DEMONSTRATION
You (.'AN put fresh new life in vour looks, and an
riming new look in vour life Sian TODAT
It Works'
Nell Mavs Zoa Honrs
995 2294 995 4094
After 6pm
THANK
YOU
I would like to take this oppor-
tunity to express my thanks to all the
people of Swisher County for voting in
the June 3 run-off primary. It was your
vote which makes the democratic form of
government worn. To those of you who did
not vote, your vote was missed, for you
see--each vote does countl
I would like to give a special
thanks to you who supported me all the
way through, by your vote, by your con-
tributions and your words of encourage-
ment. Without all of these, I would not
have made it. Now we will all work to-
gether to make a good form of government
in our county which will make us proud
we are citizens of Swisher County, the
State of Texas and the United States of
America.
Again I say "thank you" and let
us all make a promise that we will vote
every time we get a chance. We must "get
involved" in all phases of our govern-
ment, from city to federal. Let everyone
know what we stand for by our vote.
Thank you, L01M6 BOfldS
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Baggarly, H. M. The Tulia Herald (Tulia, Tex.), Vol. 70, No. 25, Ed. 1 Thursday, June 22, 1978, newspaper, June 22, 1978; Tulia, Texas. (https://texashistory.unt.edu/ark:/67531/metapth506731/m1/8/?q=%22%22~1: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Swisher County Library.