The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

"•ggww'jj. ^ '"' ~ ' •"":? ' .'•-; fc^';;v'-: v.-.' •••< Pigi Eighteen .*r •% " *• .,'L . /"?. FARM NEWS gj||P^P?Jpp^fefp^pp^p|:|W^^pff|p|i Thursday, June 16, 1955 FOUR EXPERTS SEE LITTLE CHANGE IN FARM CROP PRICES ~ i "What will farm prices be in j fivo, ten or twenty years? About1 the same as now, according to four prominent agricultural economists who spoke at the recent Farm Appraisal conference | held at the University of Illinois. | The speakers on this interest- : ing, important and hazardous question were Ernest T. Baughman, assistant vice-president, Federal Reserve bank, Chicago: William G. Murray, professor of agricultural economics, Iowa Statejrellege; Thomas A. Porter, resea^n director, (Farm Credit administration of St. Louis; and Lawrence J.. Norton, head. Department of Agricultural Economics, University of Ulinpis. None of the speakers could see any large change in the average level of farm ' prices. Most of them believe that average prices of farm products will work a little lower over the next few years, mainly because more products are being produced than are being used, at present prices. / If farm prices remain relatively stable for twenty years, it will be the first time in our history that this -has happened. Why expect more price stability in the future than in the past? The speakers pointed out that we have adopted a strong government policy of maintaining price stability. (Thisvis in strong contrast with past policies, which usually were aimed at maintaining a silver or gold standard and paying off the national debt.) Here are some points that were emphasized by the different speakers: Mr. Baughman said that the present large number of debtors would strongly oppose any move to increase the value of money, that is, to lower prices and wages or to allow them to decline. He also pointed out that some strong economic groups in the nation urge drastic government action to promote ever higher levels of employment and wages. He said that this pressure might eventually grow strong enough to bring higher prices at least for manufactured products. He said, however, that prices! of farm products seem likely to I go a little lower because of pres- j ent large supplies. Mr. Porter said that our present rate of buying is being kept up by building up. a large amount of credit. Since credit for many purposes already is very easy, further easing of credit may not be very effective in checking the next recession. He also pointed out that spending for defense is a tremendous factor in our present economy, now amounting to about 48 billion dollars a year. NNp one can forecast long-time trends in defense spending. ^ ' Professor Murray said that the ; fctea of "normal" prices and valj ues, very popular ten and twenty years ago, does not have much support now. He appeared to be i more skeptical than the others i that prices can be stabilized. I • Prof. Norton said that, in his < opinion, farm prices will remain ' within about 10 per cent of their f pre'sent level for several years, i We have higher prices than prei war because of m the devalua- | tion of the dollar in 1933-34, and £ (2) a permanent increase in the supply of money that was crer ated to finance World War n Most U.S. prices are in line with world prices. Norton believes , that ' banking autorities (the ' Federal Reserve banks) will hold ; money and credit tight enough to prevent any inflation in the foreseeable future, barring war. Also large stocks of farm products and big output of industrial products will help hold prices down. LEGAL SHERIFF'S SALE BY VIRTUE OF EXECUTION NO. 33783. issued out of the Clerk's Office of the Circuit CotJrt of Mc- Henry County and State of Illinois, and to me directed, whereby I am commanded to make the amount of a certain judgement recently obtained against WILLIAM MAC DANIELS, in favor of THE ATLANTIC FOUNDRY CO., a corporation, out of the lands, tenements, goods and chattels of the said WILLIAM MACDANIELS, I have levied on the . following property, to-wit: Lots number FortvElght (48) Forty Nine (49) and Fifty '(Jo,' in Block Twelve U2) in Sampson Sex & Company's Lily Lake Subdivision, in McHenry County . State of Illinois:' . y' ir THEREFOR, according to said f Command, I shall expositor sale. | at Public Auction^, all tile right, j title and interest * of tfte a|fpve , named WILLIAM MAC DANIELS, | ifi and to . the ^.bove described ; property, * on Saturday, the 18th i day of June. 1955. at ten (10.00) ! o'clock A.M. at the Lakamoor Vilj lage Hall, Route 120, Lakemoor, in f The Village of Lake&ioor, Mc- Illinois. \ Woodstock, HJinois, I lite 18th day of May 1955. ' HARRY C. HERENDEEN, Sheriff of McHemy County, Illinois. "j; r. . 4. . . '.'.J • SUNDAY, ROBES of absorbent Terry cloth $10.95 fine gaberdines $12.95 Seersucker robes $6.95 SUMMER PAJAMAS of cool no iron crinkle crepe in short length and short sleeves. $3.95 REGULAR PAJAMAS with Faultless no-belt waistband. $4.50 lo $10.95 Huge Array: Fabrics, Colors Now is the time ond here is the place to "slacken up" for summer! Wi Janizen Swim Trunks in lastex and nylon close fitting models. $3.% to $5.95 BOXERS in bright colorful patterns and in solid colors. $3.95 lo $5.95 DENIM PANTS for casual wear, loafing or puttering. In denim, $3.95 In linen weave tropicals washable $5.95 .V * Great Gifts Coming From Our Collection „ If you want to please Dad, give him a gift . --f he can wear! You're sure to win his high r^?y\V/ favor, especially if you make your selections here. It's our business to know what ' men like when it comes to wearables! // YOUR GIFT PURCHASES BOXED AND WRAPPED AT NO EXTRA CHARGE %r Cool Slacks for Dad Give his casual wardrobe a lift with one or more pairs of these handsome slacks. $7.95 to $19.95 SPORT JACKET Summer sparkle for casual wardrobes. Many colors and styles. $19.95 to $45.00 fc S \ \ \ V tI . :• I< S\ • V\ *\ & BERMUDA SHORTS gh fashion mod in cool rayons $4.95 and $5.95 long socks to wear with Bermuda shorts $1.00 Choose several from an eye-catching I array of sure-winners, featuring «breeze-cool fabrics in solid colors, two tones, fleck weaves, checks and large patterns. Short Sleeves $2.95 to $5.95 Long Sleeves $3.95 to $7.95 Give White Shirts for Father's Day VAN HEUSEN CENTURY FEW DADS EVER HAVE ENOUGH WHITE SHIRTS FOR BUSINESS AND DRESS WEAR! THAT'S WHAT MAKES WHITE SHIRTS SUCH A SURE BET FOR FATHER'S DAY GIFTING. $3.95 and $4.95 Beautiful pastel shirts -- $3.95 and $4.50 TIES for Dad. Choose from a large assortment of new shapes, patterns and colors. $1.50 to $2.50 Bow Ties -- $1.00 6 CAPS \ $1.00 to $2.95 If you are still in doubt Give Him A Gift Certificate In Any Amount You Wish. SOCKS Choose comfortable stretch sox, bright argylles or regular filament nylons. $1.00 to $1.95 Rayon and Nylon Socks from 55c up briLT^ choose colorful woven elastic webs. • $2.50 Paris Leather Belts $1.50 to $5.00 HANDKERCHIEFS boxes of 3 with his initial $2.25 whif.e cotton box of 3 $1.00 Saucho "FShirfs of .fine featherlock stitch, that will hold its shape after many washings. 1 $2.95 to $4.95 Jockey T Shirts $1.25 ADDITIONAL GIFT SUGGESTIONS Evans slippers ; $4 95 to 95 Honson lighters $3.95 to $12.00 Buxton wallets $5 50 Swank tie bars $1,65 to $2.75 ' wank cuff links & tie bar sets $2.75 to $6.60 acks $1.00 to $3.00 McCEE'S STORE FOR MEN 117 S. GREEN ST. PHONE 47 McHENRY. ILL. STORE HOURS: Open Everyday from 8 a.m. to 6 p.m. Open Friday nites until 9 p.m. Open Sunday mornings from 9 a.m. to 12 noon. ADDITIONAL GIFT SUGGESTIONS Freeman shoes : $9.95 to $16.95 Florsheim shoes $17.95 to $19.95 Keds sport shoes , $5.95 to $6.95 Mallory Panama straw hats $5.00 Champ featherweight felt hats $7 50 Koroseal plastic raincoats $4 95 •JriiL