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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Jun 26, 1939
Page
3
Treasury statisticians prepare to close the 1939 fiscal year with a record peace time deficit and a national debt above 40 billion dollars. Revenue exceeded expectations while the year ends June 30, leaving a working balance of about 2.304 billion.
Potter County agent Ted Alexander explains that placing wheat in a federal loan guarantees a minimum return above the market price. By borrowing 640 dollars on 1000 bushels at 64 cents per count, the farmer can profit whether prices rise or fall, with extra storage payments boosting the margin. About 75 percent of Panhandle wheat goes into the federal loan.
In New Port Richey Florida the road department claims a bridge building record after a 17 ton truck toppled the span over the Pitchlahascotee River. Crews arrived with steel and rebuilt the bridge in six days opening with a community celebration and praise for workers.
Jamestown New York residents report the Chautauqua Lake steamers are down to a single operating vessel the City of James after the City of Cincinnati was destroyed by fire. The surviving ship has been repaired and will return to service. A separate note mentions Mt Palomar's 200 inch telescope as having a vision range of 1.26 billion light years.
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