28—Lancaster Farming, Saturday, December 15,1973
Certificates of Beneficial
Ownership Offered by FHA
A new investment instrument
simplifying the procedure by
which the Fanners Home Ad
ministration of the Department
of Agriculture replenishes its
revolving loan funds is being
introduced on the securities
market.
The instruments are called
“Certificates of Beneficial
Ownership," and the Department
announced that competitive bids
from security dealer firms were
opened December 11 in New York
for the first issues, totaling $5OO
million.
The certificates signify that
investors hold an interest in a
pool of promissory notes made by
borrowers of the Farmers Home
Administration. The agency
administers loan programs m
agriculture, rural housing, rural
community facilities, and rural
business and industrial
development with an annual new
business value of about $3 billion.
Sales of Certificates of
Beneficial Ownership will
replace the agency’s previous
sales of insured loan notes.
Security firms were invited to
bid for two initial issues of
Certificates of Beneficial
Ownership: one issue totaling
$3OO million of five-year
maturity, and another issue
totaling $2OO million of 15-year
maturity.
Certificates of either term will
be available to investors in
A MILKMOVER
SYSTEM you out of
the bam sooner-with more money
in your pocket l It saves your lugging
heavy pails of milklrom bam to cooler.
• HAS MORE MILK CAPACITY
• PERMITS FASTER MILKING
• ELIMINATES EXTRA HELP
• PROTECTS MILK QUALITY
• IS 100% SELF-CLEANING
• HAS ELECTRIC CONTROLS
• FITS INTO ALL BARNS
• EASILY INSTALLED
Available thru your local dairy
equipment dealer or cal) the factory
collect to arrange for a free demon
stration on your farm
Manufactured by
d/oug
m INDUSTRIES. INC
AnrOHIMSOIM
O BOX 313 CLKTON HD 21*21
Phone 301-398 3451
LANCASTER CO. DAIRYMEN
DBS
796 Stoney Battery Road, Landisville, Pa., 717-898-8694.
Jim will be providing service in Manor Township and Northwestern Lancaster
Co He is an experienced technician with a life time of dairy and beef background.
Jim will be providing service immediately
Call Jim or your local ABS Representative for service to the Great Battery of
ABS Plus Proven Sires At ABS there are 28 regular priced bulls - average P.D
plus 520
denominations of $25,000, $50,000,
$lOOO,OOO, $500,000 and $1 million.
Rates of interest yield to in
vestors will be those proposed by
the successful bidders and ac
cepted by USDA with Depart
ment of the Treasury approval.
Certificates will be available in
registered form, bearer form, or
book-entry accounts to be
maintained through the Federal
Reserve System.
Bids from individual security
firms or groups of dealers were
opened on December 11 at 11:00
for the five-year maturity ;and at
12 noon for the 15-year maturity,
Recognition as a Gold Medal
Sire has been awarded by
Holstein-Friesian Association of
America to a bull owned by Galen
W. Crouse, Stevens. Only those
Registered Holstein bulls having
daughters that meet high stan
dards in both milk production and
body conformation are awarded
Gold Medal liobors. This
recognition has been given under
the revised rules which became
effective January 1, 1968.
The bull, Len-Lyn Model
Kingpin Maxim 1537653 (EX),
permanently joins the Gold
Medal Sire ranks after being
designated as both “Production
and Type Qualified” in a recently
published issue of Registered
Holstein Sire Performance
Summaries. The Holstein
Association, in cooperation with
USDA, calculates and prints sire
performance information three
times each year These facts are
WHITE WASHING
with
DAIRY WHITE
Dues While
Dili's \u( Hill) Off
No Wet I loot s
Is ( ump.ilible With Disinfectant
MAYNARD L. BEITZEL
Witmer Pa 392:7227
HIGH PRESSURE
WASHING
OF POULTRY HOUSES AND VEAL PENS
BARRY L. HERR
1744 Pioneer Road, Lancaster, Pa.
Phone 717-464-2044
Formerly operated by Maynard L Beitzel
American Breeder Service
fakes great pleasure in introducing
JAMES M. CHARLES,
Crouse Bull is
Recognized by
Holstein Assoc .
at offices of Brown, Wood, Fuller,
Caldwell and Ivey, bond counsel, -
on the 35th Floor at One Liberty
Plaza, New York, N.Y.
Copies of the preliminary
prospectus, bidding terms and
other documents relating to
Certificates of Beneficial
Ownership are available at the
Farmers Home Administration,
USDA South Building (Room
5007)), 14th Street and In
dependence Avenue, S.W.,
Washington, D C., or from the
Information Desk, 2nd Floor,
Federal Reserve Bank, 33
Liberty Street, New York, N. Y.,
used by dairymen as a guide for
selecting sires for use in their
herds.
The temporary designation
“Type Qualitifed’’ is re
evaluated each time a sire’s
performance is updated.
Requirements demand a certain
level of body conformation im
provement m the daughters of the
sire when compared to their
dams. Other factors included
pertain to Holstein breed average
type scores for age and the
number of daughters considered.
“Production Qualified” is also
temporary in that the prescribed
qualifications must be met each
time the performance of the sire
is figured. USDA calculates the
production performance of the
sire’s daughters, comparing
them with then* herdmates All
DHIA production records ac
cepted by USDA from the
daughters of the sire are included
in the summarization
Don't ‘’Mix' Snow
Tires Says Expert
If you are putting snow
tires on a car equipped with
radial tires, you should get
radial snow tires, the Tire
Industry Safety Council re
minded motorists today.
“The driving characteris
tics of radial tires are so dif
ferent it is actually danger
ous to have radials on the
front wheels and loias ply or
bias-belted tires on the rear
wheels,” said Council Chair
man Malcolm R. Lovell, Jr.
“It might be compared to
having a rubber-soled shoe
on one foot and a leather
soled shoe on the other.”
“Many motorists consider
radial tires to be equal in
traction to snow tires in snow
or icy conditions,” the advis
ory added. “However, most
states do not recognize radial
ply tires as snow tires. When
the motorist has doubts, he
should check with his state,
county or city jurisdiction.”
Radial tires are built in
such a way that when they
r 1
New Idea’s Manure Spreaders
The Straight Talk
Warranty
New Idea spreader box warranty covers more
than just wood. It also covers labor. Even freight
costs. And without any double-talk. See for
yourself.
The New Idea Warranty On Wood: In the unlikely event
that any of the wood components in your New Idea
Manure Spreader rot through, Avco New Idea will make
replacement at no charge ... to you, the original pur
chaser. No charge for wood, no charge for labor or
freight. And this warranty is in addition to the standard
Full Year Warranty on ldea spreaders.
Want more straight talk? Come
WARRANTY
ON WOOD
1
We make your job a little easier.
A. L. HERR & BRO,
Quarryville
KINZER EQUIP. CO,
Kmzer
STOLTZFUS
FARM SERVICE
Cochranville, Pa
CHAS. J. McCOMSEY
&SONS
Hickory Hill, Pa
are turned they immediately
assume the new direction. If
the snow tires on the rear are
of a different type, the risk
of slipping and causing a skid
is increased.
Lancaster Farming
Photos for Sale
If you’d like prints of any
Lancaster Farming
photographs, we’ll be happy to
make them for you. To order,
just complete the form below
and mail or bring it to: Photo
Department, Lancaster
Farming, 22 E. Main St.,
Lititz, Pa.'17543
The photo I want appeared in
the Lancaster Farming
dated
was on page
the caption begins
I would like to order the
following prints-
Number of Cost of
prints Size each Total
4xs $1 50
sx7 2 00
Bxlo 2.50
Total order
(Please add
6 pet Pa
Sales Tax)
Please send remittance with
order Allow 10 days for
delivery
Name
Street
Town
State.
Zip
on in and let’s talk trade.
N. G. HERSHEY & SON
Manheim
LANDIS BROS., INC.
Lancaster
LONGENECKER
FARM SUPPLY
Rheems
A.B.C. GROFF, INC.
New Holland
ROY H. BUCK, INC.
Ephrata, R.D,2
and