Ag Department Estimates
DecSsns 3n Cotton Market
By GAYLORD P. GODWIN
United Press International
WASHINGTON (UPD The Ag
riculture Department Wednesday
estimated cotton consumption dur
ing the 1981-62 marketing season at
about M million bales, about
900.000 bales below last season.
This dec-line is likely, the de
partment said in a review of the
cotton situation, because the drop
in cotton exports is expected to
more than offset a prospective in
crease in domestic mill consump
tion. The department estimated the
supply of cotton for the current
season at 21. t million bales, down
400,000 bales front 1360-61. This
would provide a carryover on
Aug. 1 of. about 7.7 million bales,
up 500,000 bales from the carry
over a year earlier.
Domestic mills will use about 9
million bales during the 1961-62
to 08333 any cat...
all tuna
liver 'n meat
chicken
fish
meaty mix
kidney 'n meat
season, compared with 8.3 million
bales the previous crop year. The
department said mill consumption
is greater than a year earlier
primarily because of a higher
.level of economic activity this
season compared with last.
Exports of cotton during 1961-62
are expected to total about 5 mil
lion bales, about 1.6 million bales
less than exported last season.
The smaller exports are related
to a working down of stocks and
estimated smaller consumption in
the foreign Free World.
The average price received by
farmers fur all kinds of cotton
from the 1961 crop to April 1,
1962, was 32.8 cents a pound.
This is 2.6 cents more than the
price in 1960, and, with the ex
ception of 1958, is the highest av
erage price received by farmers
since 1954.
The value of lint cotton of the
1961 crup of 14,318,000 bales was
12,348,000,000, up 9 per cent from
1960 and the highest since 1955.
The combined value of lint cotton
and cottonseed was about $2,653,-
000,000, about 10 per cent higher
than the total value for the 1960
crop and the highest value since
1953,
The government's investment in
price-supported commodities total
ed $7,183,657,405 as of April 30.
This was about $221.4 million less
than the investment a month ago.
Ihe investment was made up
of $4,722,930,978 in commodities
owned outright by the Commodity
Credit Corp. and $2,460,726,427 is
outstanding on farm products still
held by producers.
On the same date a year ago
the investment was $7,427,918,532.
Wheat continued to be the top
item in the investment. The gov
ernment owned outright 1.17 bil
lion bushels valued at $2.3 billion
and held loans totaling S147.4 mil
lion on 82.6 million bushels.
Monday Starting Date
For Green Bible School
Bible school for children from
the first through the sixth grades)
will be held at the Green Com-!
munity Church for two weeks be- i
ginning Monday, June 11, accord-j
ing to an announcement by the Rev. I
Leonard Floth, pastor. j
Hours wilt be from 9:30 to 11:30
a.m. A registration fee will be
used to pay for materials. Theme i
of the classes will be "Adventuring
With Christ." Mrs. Leonard Floth;
will be general chairman. !
The church's Bible school for j
pre school children was completed
Friday at noon when the teachers
and children presented a program
of song, story, Bible verses and
rhythms in honor of their motners.
Theme for the study was "Chil
dren of the King including stud
ies of children of the Bible, with
appropriate music and handwork
combining to make two hours of
morning work for the two-week pe
riod, according to correspondent
Mary Weikum.
Mrs. Leonard Floth was acting i
supervisor with Mrs. Carl Weikum
telling group stories and assisting
with music. Teachers assisting
were Mrs. Rose Bowman, Mrs. Eda
Wilson, Mrs. Helen Childers, Mrs.
Joanne Ciapanno, Mrs. Enid Mc
Daniel, Mrs. Peggy Myers, Mrs.
Reeves and Mrs. Alta Polk.
TOO MUCH GUSTO
BERLIN, N.H. (UPD Richard
Coury, 20, probably will drive his
sports car more slowly.
Judge George Keough told
Coury Monday, "It is with gusto
I'm fining you $15 for speeding,
and if you are caught speeding
again it will be with gusto that I
shall suspend your license for six
months."
Courv's license plate . reads
"GU3TO."
IT PAYS TO
PATRONIZE
NEWS-REVIEW
ADVERTISERS
li rN wV
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