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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Feb 14, 1964
Page
4
Bankers debate whether money supply should be eased to finance a boom or tightened to curb inflation. Officials weigh gold reserves, the U.S. payments deficit, and tax-cut effects as they forecast credit and interest rate moves through the year.
The Agriculture Department rejected claims that a factory system is taking control of U.S. farming. A study shows family type farms still receive the majority of farm program funds, with 70 percent of crop and product payments in 1959, up from 45 percent in 1945, while larger, jointly owned farms account for a growing share of sales above $4,500.
AP report notes no confirmation in Moscow press of Yuri Nossenko defecting from the Soviet delegation to the Geneva disarmament talks. Semyon Tsarapkin denounces Swiss actions as the Tass English service circulated abroad. Arkansas is cited as a leading diamond-producing state.
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