\ jjlM -j, \/S- , sZi »9 s 's/' //% PHONE 394-3047 or 626-2191 QUALITY DAIRY CATTLE FOR SALE BUCK and WHITE HOLSTEIN FARMS 2220 Dairy Road Lancaster, Penna. JM REGISTERED & GRADE HOLSTEINS 100 HEAD On hand at all times HEAD CANADIAN—WISCONSIN—MINNESOTA All cattle hand picked for type, conformation and perfect udder development, most of them with gopd production and B.F. records. NOTE: Will deliver from 4 head to a carload subject to your approval to your farm at anytime Pennsylvania's Largest Sales Pavilion Dairy Cattle Auction Sale 3rd Friday Night Every Month CHARLES C. MYERS, Owner. Phone SSKS Park Myers. Sales Mgr. Private Sales Daily PUBLIC SALE VALUABLE 114 ACRE LIMESTONE FARM SATURDAY, SEPTEMBER 15,1973 Located in Heidelburg Twp. along Route 987,1 mile West of Schaefferstown. This is the actual picture of farm, beautiful all limestone farm house with 12 rooms, stone fireplace, house has two baths, at present is laid out for two families with 2 modern kitchens, 2 stairways, 2 outside entrances on south side, enclosed porch on north east and entrance for both sides, cellar under all of house, hardwood floors, Losch coal furnace with radiator vapor heat, 190 ft. never failing well, cement block 3 car garage with shop bench in front, 10,000 bu. potato cellar which can be used to store machinery, corn shed 50’ by 24’ with 4’ crib on each side, 2 other corn cribs 45' long one 5’ wide, other 6’ wide, large barn facing south with 2 dens to drive in, set up for dairy, 3 rows stanchions for 45 cows, rest of barn in heifer pens, barn cleaner in good condition with new 5 HP motor, 2 barn fans, 1 on east side and 1 on west, cement barnyard, bull pen, milk house 16’ by 16’, double stainless steel wash tubs with stainless steel pipeline to dairy barn for dumping station, 600 gal. Unico milk tank, 2 tile silos, 1 14’ by 43’, 1 12’ by 50’, 52 gal. hot water heater, water softener for milk house and house, 280 gal. diesel fuel tank, electric pump with 20 amp meter, 200 amp double throw switch, 20 ft. gram auger used for coal conveyor in house cellar, macadam lane 3-10 of a mile, farm has 25 acres in good Alfalfa, 17 acres in per manent pasture, the rest in corn, this is a beautiful fertile limestone farm for dairy or beef cattle or has great building opportunities with public roads on three sides. Inspection of farm Aug. 25-1 to 4 P.M., Sept. 1 and 8, I to 4 P.M or by appointment. Call 949-3348 or 272- , 9757 Condition of sale -10 percent day of sale, settlement within 60 days after sale. RAYMOND P. GIBBLE ESTATE MARK W. HEISEY, Auctioneer Egli, Walter, Reilly & Wolfson - attys. at law “,B< B B at 2 P.M. Food Prices Headed Higher y/,f\ f/f? (Continued From Page 30) of much larger amounts of money and credit to buy only slightly larger quantities of goods and services. It might seem highly coincidental that more or less the same thing has happened in so many other countries as well as in the United States. It is no coincidence, however. Modern nations tend to follow the examples of others. Democratic nations have followed the economic leadership of the stronger countries, liie United States has been the example imitated by many since World War 11. The total effect of all countries acting this way in concert has been a reduction in the value or purchasing power of money, whether it be the American dollar, the British pound, the French franc, or the Japanese yen. As money PUBLIC AUCTION LOCATION: RUDNICK’S DAIRY BARN, Galena, Md. SATURDAY, JULY 28. at 12:00 NOON 80 HOLSTEIN QAIRY COWS This herd consists of many fresh and close springers.. .bred for fall production. . .Many first, second and third calf cows, good udders, true Holstein type, good size, showing lots of production. . .Artifically bred/with breeding records. T.B. and Bangs accredited,/retested for sale. . .(one of the best herds being offered at Auction, don’t miss this one) RALPH TOWERS, (owner) of Ridgely, Md. Sale being held at GALENA. MD. Harry Rudnick & Sons, Sales Managers and Auc finnoArc CONSIGNMENT SALE FRIDAY, AUGUST 3, 1973 9;30 A.NI. on North Maple Avenue, Leola, Vz mile North of Route 23, watch for sale sign. Variety of Tractors, Farm Machinery, Horse Drawn Implements, Lumber, New Hardware and Tools, etc. We have buyers for hay and straw. Frank & Paul Snyder SALE BY Robert E. Martin, Aucts. DAVID H. GOOD Next sale Friday, Sept. 7th. Not (responsible for accidents. CRAWLERS YORKSHIRE SALE ;~ AU &£ |J AUI Cat 955 -12 A loader U WW Cat 955 Pedal Steer loader 2-Cat 933 loaders Friday, August 3rd f? ' J.D. 420 dozer Show 1:00 P.AA. Sale 6:30 P.M. I Int. 150 loader FARM SHOW BUILDING tat S??Sder HARRISBURG. PFNNA. Int . T D9 dozer _ , ~ A.C. HD7 loader 25 Bred Gilts A.C. HDS loader 2-A.C. HD 6 loaner 24 Open Gilts 24 iS ZfSL 10 Service Boars D “ r Judge - Bill Funderburg, Greenville, Ohio A C - 11011 Wlth P an Abe D~ que CONTACT THE PENNSYLVANIA YORKSHIRE WENGER’S FARM CO-OP association, inc. MACHINERY, INC. LEON L ARNOLD, SEC'Y-TREAS. 1245 E. CUMBERLAND ST. My„“w„ p a . LEBANON, PA. 17.042 Ph. 717-866-2138 Lancaster Farming, Saturday, July 21.1973 becomes less valuable it takes more of it to buy anything-or, in other words, prices rise. Inflation has not been uniform throughout the world, being more severe in some countries than others. This differential inflation has resulted in the devaluation of some currencies relative to others. Differing rates of in flation are due partly to different degrees of success with which countries conduct their internal and external financial affairs and partly to different rates of ef ficiency or changes in the ef ficiency of production between nations. In the past 18 months, the United States has devalued the dollar twice; the dollar is now officially worth about 20 percent less in gold and in some other currencies than it was two years ago. The devaluation was deemed necessary because of our large unfavorable balance of international payments. How did these unfavorable balances come about? Reasons For Unfavorable U.S. Trade Balance A number of factors have contributed to our unfavorable trade balance. Efficiency of production has risen in other parts of the world as compared with that of the U.S., thus making American products less at tractive to foreign buyers and affecting our exports. At the same time, a low level of restrictions on imports of foreign goods in the United States has resulted in increased imports and an unfavorable trade balance in the past two years. Relatively low interest rates in the U. S. have resulted in a flow of dollars into overseas investments. American tourists have in creasingly gone overseas and spent money. Added to the above are our military aid and development program ex penditures. Over a period of time, the above factors have resulted in the holding by foreigners of 80 billion dollars-dollars difficult to redeem for goods and services. Furthermore, internal deficit spending has fueled inflation and helped to make our exports less attractive. Dollar Devaluation Spurs Foreign Demand Our balance of payments def icit was a prime factor in our successive devaluations of the dollar. What does devaluation of the dollar mean in international terms? That our dollar is not worth as much as it used to be in terms of foreign currency. It will buy fewer marks, francs, or yen than before devaluation. Or, put another way, it takes fewer marks, francs, or yen to buy a dollar. This makes foreign goods more expensive to American buyers and should decrease our imports while it makes our ex ports cheaper to foreign buyers and should increase exports. If we sell more abroad and buy less, our trade balance should be favorably affected and thus our balance of payments deficit would decline and the dollar become stronger. Our agricultural products become more attractive to foreign buyers. A given amount of francs, marks, or yen now buys more American farm products than before devaluation. Demand for such products from foreigners increases and our farm exports go up Foreign buyers are thus better able to compete for our farm products with American (Continued on Page 32) 31
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