Hereford herd sells for record price Beef cattle hiatory was written Saturday, July 19, when the Polled Hereford herd at R. W. Jonea Jr. Farm waa dlaperaed for a world record 99,844 average, a figure thought to be the Life on the farm I Continued from Pa|< 10| later most of the rest of a dozen or more escapees focused their at tention in our direction, all of them seemingly ready to explode into a run through the wet grass and corn field. We knew they could. They studied our moves, and we studied theirs, coaxing them with words and actions. It’s like walking in your bare feet in a room filled with mousetraps. Dad had opened the hole in the fence to make a large entrance into the pasture. Ingo and I herded them along the edge of the field, constantly taking an “inventory" of numbers and names. All of a sudden the corn stalks began to crack. Two previously un detected cows were giving their secret away, never missing a bite as they ran away. There was no time for them now, however. The 14 we were Hear Merrill Lynch tell howyou could lock in full-grown profits onyour cattle and grains right now. At our next Merrill Lynch Forum, you’ll leam the ms and outs of hedging in commodity futures. We’ll show how you could assure yourself a known profit margin on your cattle and grains right now Why you could make money even when cattle prices go down Five differences be tween hedging and speculating. You’ll also leam • How hedging could help you get bigger loans from your banker. • How a “partial hedge” could offset errors in judgement • 4 pitfalls to avoid in placing a hedge. • How to get an alternative market to your regular buyer. • 3 dangers of not hedging The Forum is free. But space is limited So reserve your seat now. • Thursday, August 14th, 7:30 p.m. At the Treadway Inn, 222 Eden Road, Lancaster highest ever paid for a purebred herd of any breed. Facilities in the small crossroads town of Leslie, Ga., and nearby cities were taxed to the limit by the tremendous crowd that Cattlemen and farmers: began gathering several days beforehand for a last look at the world-famed herd established three decades ago by the late Mr. & Mrs. R. W. Jonea Jr. and son Vicktor. Ringside seats were filled trying to get rounded up were more important. All but two went in, after which they were escorted several hundred yards away from the scene. The remaining four joined up and were by this time a little worried about what was happening. As long as there was a fairly large group out, they wanted to remain at large, but now they wanted to join the rest of the herd. Consequently they trotted down alongside the fence until they could go no further. We opened a gate and watched them “high-tail it” to their herdmates. Then we walked back to where the fence was broken to close it up as best we could for the time being. Soaked to the skin by the steady rainfall, we returned to the house to clean up and climb back into bed for the few hours that remained before milking time. Come hear Merrill Lynch tell how to hedge in cattle futures. Pieise reserve se.its tor your fonim on □ No, I cannot attend, but please send information on hedging in cattle futures Mul to Merrill Lynch 800 North 3rd Street, Harrisburg Pa 17102 Add I css Cm Telephone _ _ _ Merrill Lynch customers Please give name ind office iddrcss of ■ ‘Vuumt Executive | m Merrill Lynch ■ ! Pierce Fenner 8 Smith Inc. ! ■■■■■■■■■■■■■■a hours before the sale got underway, and people stood dozens deep to pay final tribute to the herd that held nearly every performance record in the book. The nine bulls in the of fering, five of them herd sires, averaged $13,267 and the 71 female lots $9,410 for a gross of $787,500 on 80 lots. The first 20 lots in the ring averaged $19,213 and the first 50 lots $13,300, with the top 25 lots averaging $20,074. Forty-eight calves, most of them dropped in November and December, sold off their dams the 21 bulls at a $9,681 average and the 27 heifers at a $3,683 figure. Twelve bred heifers averaged $8,867 and 58 bred cows $5,504. Several bidding combines were formed at ringside as the sale progressed, among the most determined of them Cinderella Acres, Dawson, Ga., M. E. Williams Jr. of Ensco, Albany, Ga., and Pine Acre Farms, Dawson, Ga. This trio accounted for four of the top bulls in the offering, including the $47,500 high selling bull calf, the $45,000 top herd sire RWJ VICTOR 76 330 and a pair of bull calves by RWJ Victor J 3 266, one at $18,500 and another at $16,250. The St 1K... -Zip Lop>right 14)74I 4 )74 Merrill Uiuh Pitrct Femur & Smith liu —Lancaster Farming, Saturday. Auiust9,l97s— Soybean standards WASHINGTON, D.C. - Changes in federal grading standards for soybeans, aimed at improving the quality of U.S. exports, were recommended this week to Secretary of Agriculture Earl Butz by representatives of the American Soybean Association (ASA). The present grading system under certain cir cumstances allows an in centive for reducing the quality within the grade by blending soybeans con taining excessive amounts of foreign materials with cleaner beans. “One of ASA’s recom mendations would be to minimize that incentive,” said Seymour Johnson of Indianola, Miss., chairman of ASA’s Quality and Standards Committee. ASA also recommended $47,500 calf was a November son of $lOO,OOO RWJ Victor J 3 212 with an adjusted 205-day weaning weight of 689 lb. His $10,500 dam went to Maybelle Farm, Saskatoon, Sask., Canada, for a top lot total of $58,000. Both tile high selling cow and the top bred heifer were among the 18 head pur chased by Canadian breeders. James C. John stone of Birch Hills, Sask., paid $11,500 for a coming 5- year-old cow by RWJ Victor FlB J 3 (also getting her heifer calf for $6,000); and Maybelle gave $ll,OOO for a 1,080-lb. December ’73 heifer by RWJ Victor J 3 212 bred to RWJ Victor 678 121. The high selling heifer calf at $lO,OOO was a November 74 daughter of BWJ Victor J 3 212 that went to Oceanside Farm, Snow Hill, Md. The cattle sold into 21 states and two Canadian provinces. Volume buyers with 11 purchases each were E. B. Gee Ranch, East Prairie, Mo., and AB Distributors, Jacksonville, Fla. grading changed that USDA provide per sonnel at major foreign porta to monitor the quality of shipments of U.S. soybeans. "The need to restore the confidence of our overseas customers is vital," said Jackson. "ASA is making every effort to work with USDA and other segments of the soybean industry in solving the problem." Other ASA representatives meeting with Sec. Butz were Merlyn Groot of Manson, Iowa; Eugene Glock of Rising City, Neb., and Fernie C. Laughinghouse of Pantego, N.C. Art auction slated The 25th'annual Echo Valley Art Auction will be held Saturday, September 13th at 1 p.m. Tlje event will take place in thAmavilion at the Brookside Swim Club just East of Park City next to Long Park. A Special gallery .display for the work offered for auction will be featurarwitb major works of the artists included. Gift certificates will be drawn at 2:00, 2:30, and 3 p.m. Winners can use their certificate toward any work offered. The auction was organized to provide the public an opportunity to purchase original art at below normal prices. The work consists of paints, drawings, prints, sculpture and jewelry. Group members serve traditionally as auctioneers. The sale provides an ex cellent opportunity to pur chase gifts for Christmas, weddings and to add to collections. If big round bales are to be stored outside in windy areas, it is a good idea to make three or four wraps of twine to prevent wind damage to the bale surface. 11
Significant historical Pennsylvania newspapers