A26-Lancaster Farming, Saturday, February 27, 1988 Cumberland County Holstein Club Awards The Cumberland County Holstein Club held their Annual Meeting recently at Mrs. Stamms Farm BBQ, Carlisle. Trophies were awarded to exhibitors of the First Place Cumberland County Owner-Bred animals in each class at the South Central Holstein Show held at the Shippensburg Fairgrounds last summer. Recipients include (Front Row L-R): Paul Dyarman 111, Summer Yearling; Julie Dyar man, Intermediate Yearling Heifer; and Amanda Naugle, Senior Yearling Heifer. (Back Row L-R): Ed Showaker, holding Miranda Fisher, and Leroy Showaker, Le-lda Farm, Dry Cow 4 Years and Under, Junior 2 Year Old, 4 Year Old Cow, 5 Year Old Cow, and 100,000 lb. Class; Robert Smith, Junior Heifer Calf; Delmar Cornman, Corlan Farms, Senior Heifer Gait and Senior 2 Year Old; Mike Smith, 6 Year Old Cow; and Steve Cornman, Justa-Beauty Holsteins, Junior Yearling Heifer, Dry Cows 5 Years and Over, and 3 Year Old Cow. Economy Will Continue To Grow, Says BY LISA RISSER LANCASTER “The eco nomy’s moderate and reasonable growth of 1987 will coniine this year,” predicted Carol A. Lciscnr ing, executive vice president and chief economist for CorcSlatcs Financial Corp. “You can expect weakness this year, particularly in the first half of 1988 followed by a pickup in the second half.” Addressing nearly 350 people at an agricultural seminar sponsored by CorcStatc’s Hamilton Bank, Lciscnnng is not sure how much of the current economic status is a result of the October 19 stock market crash, hut “some of what’s happening is a very direct reflec tion of the event. You can especial ly see this in the consumer section where there’s been a slowdown in spending.” Other factors influencing the economy are the stabilization of the dollar, resolution of the trade deficit, and the questions of if, how, and when the budget deficit will be resolved and if it can be accomplished without wrecking the economy. Lciscnnng predicted an infla tion rate of 4.3 percent, which is almost the same as experienced m 1987. Her prediction is related to Unverferth Snap-on wheel systems: the name reall; the decline in oil prices in rcccqi months and the weakness in the economy. “Interest rates probably will be in a decline in the first half of the year and turn around and rise during the second half,” she commented. Several important trends emerged in 1987 that will be key influences on the economy, according to Leisennng. First, there was a substantial slow down in the rate of consumer spending. During 1985 and ’B6, the Ameri can consumer was the driving force of the economy, spending a lot of their income. Last year saw a dramatic slow down in spending throughout the year. “The decline in spending was happening long before October 19, but the crash reinforces the slow down,” Lciscnnng slated. “You can expect consumer spending doldrums to continue in 1988.” Another trend Leisennng noted is the 545-bilhon improvement in the trade deficit. “Progress has been slow and will continue to be slow, but we expect it to be better,” she said. The presence of an export boom in this country is the third trend Lciscnnng mentioned. Total exports were up 11.5 percent last does sa; year over 1986 and agricultural exports increased 10.1 percent. “We can’t blame the deficit on exports,” she observed. “The prob lem is on the import side. “To summarize the economy, my phrase is that we’ll have a SOUTHAMPTON The Lcwistown-Shirleysburg and Trough Creek-Big Valley Locals of Atlantic Dairy Cooperative Dis trict 18 will hold their annual din ner meeting March 5 at 11:30 a.m. at the Belleville Mennonitc it all. Atlantic District 18 Locals To Meet BIG SAVINGS so* SMALL GRAINS TOP-DRESSING -Order Now For Special Prices ALFALFA SEEDING -Save Time And Money With Impregnation ALFALFA SEED - BUY NOW FOR BIG DISCOUNTS Pro-Cut • Pinnacle • Edge WE DON'T SEU SKWCE...(T COMES FREE MOTH THE SAl£ r-/ check us CHEMGRO OUT! The Cumberland County Holstein Club presented trophies to the Distinguished Holstein Junior Members. Shown here are Amanda Naugle - Junior Girl, Judy Hoch, Youth Committee Co-Chairman, and Darlene Coover - Senior Girl. Hamilton Bank Economist ‘muddle through’ kind ol scenario for 1988.” The farmers and agribusiness men gathered at the seminar also heard presentations by H. Louis Moore and Larry G. Jenkins, Penn Stale agricultural economists; David M. Kohl, Cornell Umversi School Laura E. England, Atlantic’s public relations manager, will be the guest speaker. England will report on cooperative business and dairy issues. ty; Wilson D. McElhinny, chair man of Hamilton Banks; William R. Hartman, executive vice presi dent of wholesale banking for Hamilton; and Joseph M. Del Tito, senior vice president and area executive officer for Hamilton. James Laughlin, Lewistown- Shirlcysburg Local president, and John A. Peachy, Trough Creek- Big Valley Local president, will conduct the business meeting. Fertilizers East Petersburg, PA • (717) 569-3296 TOLL FREE: 1-800-346-GROW filfm
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