Lancaster County better than average; continued improvement seen By Dieter Krieg LANCASTER-“If the rest of the country were like Lancaster County, we'd be along way towards solving some national problems," proclaimed Dr. Edward Boehne, a young banker who was raised in Indiana and is now senior vice president of the Federal Reserve Bank in Philadelphia. It was no idle boast, as Boehne came prepared with observations, statistics, and general knowledge to back it up. The occasion for making the remark was the 15th annual Agriculture-Industry Banquet held Thursday evening at the Farm and Home Center. Boehne, who accumulated an impressive record in his seven years as a banker in Philadelphia, spoke to an audience of about 200 farm and-urban citizens on the subject of “Where the Economy is Heading - Good News and Bad News as I see it.” To begin with, Lancaster County is better off than most other areas of the BEACON BE AC p N BEACON “38” CRUMBLES is a coarse textured dairy concentrate formulated especially for use in these two states. High in protein (all from vegetable sources) it balances the can grow most economically and efficiently on Pennsylvania and Maryland farms. It contains a blend of all essential ammo acids, the building blocks of proteins. Used as recommended, you can be sure you are meeting the protein requirements of your cows and young stock. All known requirements for minerals and vitamins are carefully balanced by using the highest grades of calcium, phosphorus and trace mineral sources. BEACON “38” CRUMBLES can be used as a top feed in mangers or bunks if additional protein is needed. BEACON FEED PRE SERV. A new product developed that can be used with Beacon ”38" and with new corn and cob chop. It keeps your corn from heating and increases palability of your feed. CLARK DAIRY SUPPLY Rising Sun, MD VAN-MAR FEEDS EARL SAUDER, INC. Leesport, PA New Holland, PA H. M. STAUFFER & SONS, INC. RICHARD B. KENDIG Phone 302-478-3058 country. Unemployment is lower, the economy is stronger, and it’s likely to continue this way. Boehne described the “good times" of a decade ago and cited several reasons for the abrupt end which plunged America into the “worst adjustment in a generation.” But the economy is now going for ward again: excess in ventories have halted, and 14 million new jobs have been created since last March. “For 1976 I see the moderate rate of recovery continuing - income is ex pected to rise by over $lOO billion, 92 per cent of which will be spent.” Housing, which is now the economy’s biggest problem because of being out of the price range of the average family, will continue to be a problem until the pricing dilemma is corrected; a boost from the government is not forseesn. Agricultural output in 1976 is expected to be higher and as a “best guess," prices for L r *» BEST USE OF HOME GRAINS PROMOTES HIGH MILK PRODUCTION Witmer, PA Beacon Feeds York PA Phone 717 843 9033 farm products will “Just about average this year’s." The bad news is that agriculture costs are ex pected to rise faster than gross income, which adds up to less net income. “I would categorize farm income as far to good in 1976," the bank executive said. All put together, Boehne sees a moderate upward trend in the economy and a gradual lowering in the unemployment rate. Lan caster County’s unem ployment rate, which is already significantly below the national level, will continue to decline to about five per cent, according to Boehne. The national rate is expected to level off around seven per cent. “Double digit inflation won’t rear it’s ugly head in 1976," he added, explaining that the inflation rate for our Bicentennial year would hover around the five to six per cent mark. “This is what I believe is the most likely course of events, and it is the predominant ”38” MIXER CRUMBLES FEED PRE SERV W. L. MUMMERT CO. Hanover, PA NEW FREEDOM FARM & GARDEN CO. CHESTER WEIST Phone 717-741-2600 BEACON FEEDS V \ in economy WITH THARPE & GREEN MIU ROBINSON BROS. McCR Sn EI !u S r FEED Delta, PA MILL, IRC Manheim, PA New Freedom, PA view of many others tn the country," Boehnc said. "But I would be less than honest with you if I didn’t add my own "gut feelings” to this acount,” Boehnc continued. “There are three big question marks whick come to mind regarding this outlook,” They are: energy, banking, and New York City. "The best laid predictions can be laid aside by oil,” he explained. Banking has become more cautious because lending institutions must protect their in vestments more closely, and a default on the part of New York City would “take a big chunk of money out of all of us.” In concluding his remarks, Boehne said: “There are still greater sales to be made; more goods to be produced; more cattle to be raised; more jobs to be created - you people out here have what it takes to get it done.” Churchvilie, MD R. E. RUDISILL Phone 717-854-2281 nutter Firming. Saturday. Nov.l97s—ij Pa. breeders do well in Hereford contest HARRISBURG - Penn sylvanians scored well in the polled Hereford classes as breeding cattle Judging got under way Nov. 9 at the 19th Keystone International Livestock Exposition at the Farm Show, but Texas dominated the horned Hereford contests. The grand champion heifer among the Polled Herefords was a product of Penn State University, University Park. Another school, the University of Connecticut, showed the reserve grand champion heifer. Grand champion bull honors in the Polled Herefords went to Charles Smith Si Circle R. Farms, Hebron, Conn. Calumar Farms & Myron Jean Sevick of Portage, Pa., won reserve grand champion bull. Calumar Farms also won the award for best six head and was dubbed premier exhibitor in the Polled Hereford classes. In the Hereford classes, the 07 Ranch of Bronco, Holly tour slated The Lancaster Branch, Tickets are $2.25 and may American Association of be obtained on the day of the University Women, will hold tour or by sending a self their ninth annual Holly addressed stamped envelope Trail Tour on Saturday, Dec. to'Mrs. Shirley Offerman, 6 and Sunday, Dec. 7 from 1-6 1325 Foxcroft Drive, Lan p.m. caster, Pa., 17601. Checks Refreshments will should be made payable to be provided in the Lancaster, Pa. Branch Fellowship Hall of the A.A.U.W. Special rates are Church and a holiday available for groups of tenor boutique will be open more and may be purchased featuring baked goods, j?. advance from Mrs handicrafted decorations slurle y Offerman. and gifts. CATTLE HEAD ATE AARON S. GROFF & SON | FARM & DAIRY STORE 1 RD3, Ephrata, Pa. 17522 [Hinkletown] Phone 354-0744 Store Hours 7 A.M. to 9 P.M. Closed Tues. & Sat at 5:00 P.M. Texas, showed the champion bull. Reserve champion bull honors went to WUdeaen Herefords, Unlontown, Md. The 07 Ranch also won the champion female award. Wildesen Hereford again followed with the reserve champion female. Competition among five breeds took place at the Junior Beef Breeding show Nov. 10, In the Angus competition, Shane Neslus of Brookston, Indiana, had the champion heifer. The reserve cham pion heifer was shown by Bruce Allen of Tewksbury, Mass. The grand champion female in the Charolais classes belongs to Lori J. Smith of Landenberg, Pa. Gordon R. Smith of Lan denberg showed the reserve grand champion female. Harris Wright of Ab bottstown, Pa. had the champion heifer, and Becky Brashear of Frederick, Md., had the reserve champion heifer in Hereford com petition. Trail FOR THE CATTLEMAN WHO DOES NO TIME TC L WITH PMENT CAN'T ND ON.
Significant historical Pennsylvania newspapers