Sulphur Springs News-Telegram (Sulphur Springs, Tex.), Vol. 102, No. 98, Ed. 1 Thursday, April 24, 1980 Page: 5 of 18
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THE NEWS-TELEGRAM, Sulphur Springs, Texas, Thursday .(April 24,1980—5.
DAISY CAPITAL
Open Friday’s
Til 8 P.M.
By RONALD C. WOOLLEY
County Extension Agent
Fertilizing pastures this
spring offers many benefits to
forage producers. One of the
most attractive advantages of a
sound fertilization program is
to improve the quality of
pasture this spring and sum-
mer. While fertilizer helps
produce more forage, it can
greatly improve quality
through the growing season.
Forage producers should
fertilize pastures for insurance
against dry weather. With
uncertain rainfall conditions
later this summer, fertilization
to enhance forage production
during drought would be
desirable.
Producers can use fertilizer
to replenish hay .supplies by
harvesting excess pasture
growth during spring and early
summer. Much hay was fed last
winter, so farmers and ran-
chers should plan toward
rebuilding hay supplies.
And producers may wish to
fertilize a pasture as a basis for
rebuilding forage supplies and
cow numbers. Increasing the
herd on a farm or ranch means
increasing forage production
before expanding herd num-
bers.
For pasture fertilization to
pay, producers should make
plans to use the additional high
quality forage that will result.
Fertilizing pastures with little
or no changes in use practices
can result in a poor return on smail fish and insects In tarn,
fertilizer investments. they are eaten by larger fish.
A soil test is the best way to resulting in bigger fish for the
determine fertilizer rates fisherman,
needed fbr optimum growth. Any fertilizer formulation
Information sheets and cartons high in nitrogen and
for submitting soil samples for phosphorus, such as 38-20-5 or
analysis are available at the 16-200. will work. One hundred
County Extension Office. pounds per surface acre of
Fertilize Farm Ponds , water is recommended
An inorganic fertilizer. Broadcast the fertilizer hr
properly applied now. will water less than six feet deepi
more than double the pounds of For maximum fish
fish a pond will produce in a production, a similar ap-
year. Fertilization is effective plication of 50 pounds per
in ponds stocked with bass, surface acre in May is
bream, or catfish. suggested. Using more than the
The increased fish production recommended amount will not
results from more increase production Fur-
phytoplankton (tiny green thermore. do roc use fertilizer
plants). The phytoplankton’s - in a paid. if. a commercial
increase provides more food for feeding program is followed
INTRODUCING
Fed steps in to aic
Hunts' silver mess
Reg. to 18.00 When the sun is
out and the flowers in
bloom, make sure your war-
drobe includes a soft cot-
ton'poly print dress in col-
ors to enhance the spring
fashion enviroment. Sizes s-
LOS ANGELES (AP) -
Federal Reserve Chairman
Paul A- Volcker oversaw the
extension of an $800 million
credit line to the Hunt brothers
of Texas to avoid an economic
panic after a margin call was
made on the Hunts’ vast silver
holdings, the Los Angeles
Times reported today.
A group of the nation’s
largest banks agreed 4o the
loan after details were worked
out by Volcker and other top
government officials with the
heads of the banks, unidentified
sources told the newspaper.
A spokesman for the Federal
Reserve refused Wednesday to
“confirm or deny” Volcker’s
role in the $800 million credit
arrangement.
The brothers — Nelson
Bunker and William Herbert
Hunt — so far have borrowed
$300 million to pay ofknaturing
debts on silver, the newspaper
said. In future months, as more
of the Hunt’s past contract
promises to buy silver come
due, they are expected to use
much of the rest of the credit
line, it said.
Silver is bought in contracts
of 5,000 ounces each for future
delivery at a specified month
and a specified price.
The Hunts are understood to
hold contracts with prices
higher than today’s market,
having bought them while
silver prices were rising from
$10 an ounce to $50 an ounce
early this year.
Then silver prices began
falling, and on March 27
plunged $5 an ounce to $10.80,
partly on rumors that the Hunts
couldn’t meet a massive call
for funds to support loans from
their brokerage houses,
principally Bache Halsey
Stuart Shields Inc. of New
York.
The uproar in the silver
market set off a chain reaction
of wild gyrations in other
markets as well.
The price of silver for current
delivery closed Wednesday on
the New York Commodity
Exchange at $13.64.
Federal officials and bankers
didn’t fear that the Hunts were
broke, the newspaper said, but
that they couldn’t come up with
cash quickly enough to satisfy
their contracts to buy the
metal.
That would have depressed
the price of silver even further,
and defaults could have caused
financial difficulties for
brokerage houses through
which the silver contracts were
made.
Federal officials feared that
the financial condition of some
banks would be placed in
jeopardy and panic would
spread on Wall Street if the
chain of events continued, one
of the sources told the
newspaper.
The credit line was made not
directly to the Hunts but to the
Hunt family’s wholly owned
Placid Oil Co., the newspaper
said.
AN EXCITING NEW
FRAGRANCE FROM
d’PRJV L M VKHAHI.il I
Lingerie Dept
IN-DASH 8-TRACK STEREO & AM FM MPX
PUSH BUTTON STEREO RADIO
Modal JI44-*
Sagutar’IIS SC
•Five Pre«e* Stations
•Separate Balance t
Fader Control
•Automatic or Manual
Program Change
Ra UL) ELR2 PLAY AMPLIFIER
WITH EQUALIZER
36 » FE» crmk
LESS THM
OISTOtTM
50-15 OOG to
Pick a Chinese influenced bamboo slat basket
with curved handle and delicate hand-pointed
cherry blossoms. Line with your favorite col-
orful scarf to match any of your wardrobe for
spring and summer. 9.00
Reduced To Clear
Assorted Ladies Shoes
Values to 32.00
MODEL V 503 R
Regular ‘119.00
Cowboy
Headquarters
AUTO AIR & S0UNP
CABLE a-
366 Bonham
Pans. Texas 75460
Key Ring
2.00
DfMOCRAT
STATE AfPHBWTATIV!
(214)785-0306 or (214)784-3310
Values to 32.00 What savings on these tall
to year around shoes. Choose from san-
da, Barebacks, Pumps 1 and some
Houseshoes. We have all sizes, but not
in all styles. Come early for best selec-
tion.
W when you
^ buy a...
Country
(Basket*
Chicken-fried meat strips, fries,
Texas Toast, Country Gravy
SALE 10.88 Mens
S/S Terry Knit Shirts
.^Aionday, April 21 thru
Sunday April 27
Replar to IS JO Just in time for summer I Short sleeve
terry knit shirts at savings you don't want to pass up.
Assorted styles and colors in sizes S-M-L-Xl.
20% OFF SALE
Men’s Fashion Jeans
SALE 7.88 Mens
Short Sleeve Sport Shirts
Offer good only at
Texas Dairy Queen Trade Association
Participating Stores.
‘Regular size S<mUm sely.
No Fiestas, ParteMs, Supreme*
Reg. to 24.00Fashion jeans infamous namebrands
with detailed back pocket features with array
of stitch trims or fine accentcolor piping.Good
looks and comfortable feature all around at
bargain prices now.
legtoar 12J0 Special group of casual sport, or dress
shirts in polyester and cotton blends. Choose from
assorted patterns in sizes S-AA-L-XL.
Mans Dapt
t PWIGAAII
Dairy
Queen
^ TEXAS
dairy queen
TRADE
ASSOCIATION
EWcVv \
rr^Yk i iViM’
Mot}
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Keys, Clarke. Sulphur Springs News-Telegram (Sulphur Springs, Tex.), Vol. 102, No. 98, Ed. 1 Thursday, April 24, 1980, newspaper, April 24, 1980; Sulphur Springs, Texas. (https://texashistory.unt.edu/ark:/67531/metapth823583/m1/5/: accessed June 21, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Hopkins County Genealogical Society.