Read Lancaster Farming For Full Market Reports ATTENTION FARMERS Are You Planning To Build A New Poultry House Or Remodel Your Present House? Chore-Time FLEX AUGER Feed Distribution ~-k. , if* r .. *« * / Shenandoah WATERERS M m FLEX ‘ or t rou ble-free, labor-saving «Sfe?i»fAUuEß FEED DISTRIBUTION! WE LL SEE YOU DON’S SALES AND PHONE 717-354-9745 241 WEST MAIN STREET NEW HOLLAND, PA. 17357 CALL OR WRITE FOR COMPLETE INFORMATION Economic Outlook This is taken from a flower maiketing lepoit prepared by Alvi 0 Voight, Penn State Mar keting Specialist Everyone’s anxious to learn what the futuie has in stole Piedictions aie paiticulaily haz aidous, at least on the subject ol a short-range economic out look Especially because of a new administration arriving in Januaiy, and, the imponderable Vietnam War situation How ever let's check some of the xn dicatois and some possible af fects. OrNP Still Large After fust and second quarter advances of $2O and $2l billion, in GNP (Value of all goods and seivicqs pioduced in the US ), the third quarter of this year slackened to “only” $lB billion This $lB billion advance in GNP for the third quarter was slow er than pievious growth but was still a substantial amount Some analysts had piedicted a consid erably slower thud quarter be cause of the 10 percent smtax on personal incomes starting in July Prices Still Rising The thud quarter GNP gain was 2 percent, more than half of the rise representing physical volume and almost half repre senting a rise in prices. The ac tual physical volume increase in GNP has been 41/2 percent so fai this year The price use was the fifth consecutive quarterly rise of about one percent These consecutive, substantial price rises are reflections of high de mand and high wage pressures in an economy working close to tjs h ] \J \ ijir r f AT THE FARM SHOW full employment Unemploy ment foi each quaitei of this year has been at 3 6 percent of the civilian labor foice, the low est quaiterly lates since 1953 Tax Increase Working The tax mciease did manage to slow disposable income (in come available after taxes) which rose only S6V 4 billion— considerably less than the avei age quarteily gain of $1312 bil lion in the first half, and, also below the average increase of S3V2 billion in 1967 Yet, an up surge in final consumption le sulted in the third largest quar terly advance on record Thus, consumption was rising much more than disposable income How did this happen 9 Not with mirrors, but because Ameucans dipped into their savings Per sonal savings dropped back to normal The personal saving rate fell to 6 percent from percent, and, the 6 percent fig ure was the average late pre vailing in 1964, 1965, and most of 1966 For the last almost two years the savings rate averaged 714 percent We believe that it has taken some time for consumers to ad just their spending to a lower rate of gam in disposable in comes But, we also believe that consumer spending should con tinue to be high, because of the holiday season, in the fourth quarter. On a limb, the rate of econom ic growth for 1969 should be significantly reduced from the torrid pace of the 1968 and ear lier. GNP for the first half of 1969 should slow to 3 or 4 per We Can Offer You Complete Service & Supplies Such As Wiring, Plumbing, Etc. Contact Us For Your Needs. Chore-Time POWER - LIFT Lancaster Farming. Saturday, January 11.1969 ' •**- t-y -- W f ~ > Air-O-Matic VENTILATION BOOTHS PI7-18 SERVICE cent, reflecting the influence of tne 10 percent tax smcharge, but also highei social security taxes beginning January 1 and smaller income tax icfunds Prices have risen at a late of almost five peicent in 1968, the largest since the Koiean War With fewer consumer dollais available, the late of puce in crease in 1969 will be letaided Demand will slow, making it less easy foi costs to be reflected in higher prices and putting a lid on expanding piofit margins Let’s reserve judgment on the second half of 1969 because of unknown developments in the peace talks on Vietnam and the possible continuance of the tax surcharge Feeder Cattle The wmtenng of feeder cattle for turning to pasture next spimg is a common practice in many areas but the amount of weight put on the cattle dunng the winter is a piactice needing some careful attention When fed only enough to gain one pound per day or less we get a poor return on labor and capi tal, when they gam over a pound and a half per day they may get too fleshy to be turned to pas ture This means that caieful management must be applied to get the daily gam of IVz pounds This can be attained by the use of corn silage, protein and hay, or by using hay along with a giam mixture of 3 to 5 pounds per day Don’t starve the cattle through the winter by feeding only hay or silage and not any piotem or giam One sure recipe for failure is to attempt to achieve success by another’s foimula 21
Significant historical Pennsylvania newspapers